The market, which was rather skewed towards gainers, had touched an intraday high 10,527 points.
The Gulf institutions’ substantially weakened net buying had its influence in the main market, whose year-to-date losses widened further to 1.99%.
The local retail investors’ net buying eased in the main bourse, whose capitalisation nevertheless was up QR0.38bn or 0.06% to QR616.46bn, mainly on account of microcap segments.
However, the Arab individuals turned net buyers in the main market, which saw a total of 0.1mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.03mn changed hands across four deals.
The foreign funds remained under bearish spell but with lesser intensity in the main bourse, which saw no trading of sovereign bonds.
The Islamic index was seen declining faster than the All Share Index in the main market, which saw no trading of treasury bills.
The Total Return Index was down 0.1%, All Share Index by 0.07% and Al Rayan Islamic Index (Price) by 0.1% in the main bourse, whose trade turnover and volumes were on the decrease.
The transport and telecom sectors index declined 2.2% and 0.14% respectively; whereas insurance gained 0.58%, real estate (0.49%), consumer goods and services (0.22%), industrials (0.22%) and banks and financial services (0.01%).
Major losers in the main market included Widam Food, Nakilat, Medicare Group, Al Khaleej Takaful, Qatar Oman Investment, QIIB, Al Meera, Aamal Company, QLM, Beema, Milaha and Gulf Warehousing. In the venture market, Al Faleh Educational Holding saw its shares depreciate in value.
Nevertheless, Qatari German Medical Devices, Mannai Corporation, Dlala, Qatar Electricity and Water, Salam International Investment, Doha Bank, Qatar Insurance and Ezdan were among the prime movers in the main market.
The domestic funds turned net sellers to the tune of QR4.52mn compared with net buyers of QR32.86mn on May 15.
The Gulf institutions’ net buying decreased substantially to QR9.34mn against QR53.45mn the previous day.
The Qatari individuals’ net buying weakened significantly to QR7.61mn compared to QR29.58mn on Monday.
The Gulf retail investors’ net buying eased marginally to QR0.1mn against QR1.37mn on May 15.
However, the foreign individuals turned net buyers to the extent of QR2.67mn compared with net sellers QR0.9mn the previous day.
The Arab individuals were net buyers to the tune of QR2.27mn against net sellers of QR5.08mn on Monday.
The foreign funds’ net profit booking shrank drastically to QR17.47mn compared to QR105.29mn on April 15.
The Arab institutions continued to have no major net exposure for the fifth consecutive session.
The main market saw a 37% contraction in trade volumes to 134.33mn shares, 41% in value to QR386.9mn and 30% in deals to 16,554.
