Foreign and Gulf institutions’ selling pressure on Monday extended the bearish run in the Qatar Stock Exchange for the third straight session and its key index lost 90 points to settle a tad above the 9,700 mark.

Mainly led by realty and insurance segments, the 20-stock fell 0.92% to 9,704.36 points as global oil prices fell on weaker economic prospects in Europe and Asia as well as strengthening of the US dollar.

Local retail investors’ net selling also strengthened and there was marginal weakening of buying interests of Gulf individuals as well as domestic institutions in the market as trade turnover increased amid lower volumes.

The Islamic stocks were seen declining faster than the conventional ones in the bourse, which is down 6.95% year-to-date.

However, non-Qatari individuals were increasingly bullish in the market, where banking, telecom, real estate and industrials stocks together constituted about 78% of the total trading volume.

Market capitalisation eroded 0.66% or more than QR3bn to QR525.03bn as small, micro, mid and large cap stocks declined 0.73%, 0.53%, 0.41% and 0.4% respectively.

The Total Return Index shed 0.92% to 15,701.01 points, All Share Index by 0.77% to 2,711.39 points and Al Rayan Islamic Index by 0.93% to 3,779.41 points.

Realty stocks plunged 2.29%, insurance (1.25%), industrials (0.78%), transport (0.43%) and banks and financial services (0.23%); whereas consumer goods and telecom gained 0.16% and 0.08% respectively.

About 71% of the stocks were in the red with major losers being Ezdan, Qatar Insurance, Industries Qatar, Gulf International Services, Mesaieed Petrochemical Holding, Qatar First Bank, Qatar Islamic Bank, Commercial Bank, Islamic Holding Group, Vodafone Qatar and Nakilat; even as Ooredoo, QIIB and Alijarah Holding bucked the trend.

Non-Qatari institutions turned net sellers to the tune of QR2.86mn compared with net buyers of QR1.4mn on June 12.

The GCC (Gulf Cooperation Council) institutions’ net selling rose to QR2.9mn against QR0.73mn on Sunday.

Local retail investors’ net profit booking increased to QR1.09mn compared to QR0.83mn the previous day.

The GCC individual investors’ net buying weakened to QR1.42mn against QR1.48mn on June 12.

Domestic institutions’ net buying also declined to QR1.19mn compared to QR1.29mn on Sunday.

However, non-Qatari individual investors turned net buyers to the extent of QR4.24mn against net sellers of QR1.08mn the previous day.

Total trade volume fell 8% to 2.38mn shares, while value rose 20% to QR87.7mn and deals by 12% to 1,402.

The market witnessed 54% plunge in the telecom sector’s trade volume to 0.38mn equities and 7% in value to QR8.76mn but on 24% rise in transactions to 219.

The real estate sector’s trade volume plummeted 28% to 0.28mn stocks, value by 28% to QR5.22mn and deals by 28% to 157.

The insurance sector reported 20% shrinkage in trade volume to 0.08mn shares, 49% in value to QR3.73mn and 6% in transactions to 44.

The banks and financial services sector’s trade volume was down 2% to 0.91mn equities, while value gained 45% to QR45.31mn and deals by 7% to 425.

However, the transport sector’s trade volume more than tripled to 0.22mn stocks and value more than doubled to QR6.94mn on more than doubled transactions to 132.

There was 75% surge in the industrials sector’s trade volume to 0.28mn shares, 41% in value to QR11.03mn and 30% in deals to 271.

The consumer goods sector’s trade volume soared 60% to 0.24mn equities, while value fell 8% to QR6.72mn and transactions by 1% to 154.

In the debt market, there was no trading of treasury bills and government bonds.