Domestic funds and non-Qatari individuals turned bearish as the 20-stock Qatar Index settled 0.35% lower at 10,722.14 points.
Gulf institutions continued to be increasingly net profit takers in the market, whose sensitive index is, however, up 4.11% year-to-date.
Market capitalisation eroded more than QR2bn, or 0.35%, to QR614.9bn mainly owing to mid and microcap segments.
Islamic equities were seen declining faster the other indices in the market, where foreign institutions were increasingly bullish.
Trade turnover grew amidst lower volumes in the bourse, where the banking and industrials sectors together accounted for more than three-fourth of the total volume.
The Total Return Index shed 0.35% to 18,891.23 points, the Al Rayan Islamic Index (Price) by 0.37% to 2,518.24 points and the All Share Index by 0.28% to 3,230.04 points.
The transport index tanked 2.18%, insurance (1.7%), consumer goods (0.89%), industrials (0.75%) and telecom (0.13%); while real estate gained 0.71% and banks and financial services (0.01%).
More than 70% of the traded constituents were in the red with major losers being Nakilat, Milaha, Gulf Warehousing, Qatar National Cement, Aamal Company, Gulf International Services, Qatar General Insurance and Reinsurance, Ahlibank Qatar, Al Khaliji, Qatar First Bank and Qatari German Company for Medical Devices; whereas Qatar Oman Investment, Ezdan and Vodafone Qatar were among the prime gainers.
Gulf funds’ net profit booking increased influentially to QR13.75mn compared to QR4.83mn on January 20.
Domestic institutions turned net sellers to the tune of QR7.48mn against net buyers of QR3.95mn the previous day.
Non-Qatari individuals were also net sellers to the extent of QR4.83mn compared with net buyers of QR2.47mn on Sunday.
However, non-Qatari institutions’ net buying shot up significantly to QR63.28mn against QR38.91mn on January 20.
Local individuals’ net selling shrank noticeably to QR37.15mn compared to QR39.43mn the previous day.
Gulf individual investors’ net profit booking weaned perceptibly to QR0.1mn against QR1.05mn on Sunday.
Total trade volume fell 2% to 7.64mn shares, while value grew 50% to QR252.72mn and transactions by 25% to 5,661.
The telecom sector’s trade volume plummeted 63% to 0.15mn equities and value by 6% to QR4.81mn, while deals rose 24% to 241.
The consumer goods sector reported a 30% plunge in trade volume to 0.16mn stocks but on a 45% increase in value to QR13.29mn and 54% in transactions to 362.
The insurance sector’s trade volume tanked 29% to 0.17mn shares and value by 39% to QR5.79mn, while deals expanded 24% to 198.
The market witnessed a 26% shrinkage in the industrials sector’s trade volume to 1.81mn equities, 9% in value to QR48.6mn and 8% in transactions to 1,883.
The transport sector’s trade volume declined 20% to 0.48mn stocks and value by 6% to QR16.18mn, while deals soared 39% to 410.
There was a 10% contraction in the real estate sector’s trade volume to 0.94mn shares but on a 12% jump in value to QR23.89mn and 35% in transactions to 720.
However, the banks and financial services sector’s trade volume soared 38% to 3.94mn equities and value more than doubled to QR140.17mn on a 78% growth in deals to 1,847.
In the debt market, there was no trading of treasury bills and sovereign bonds.