DOHA: Bears dominated trading on Qatar Exchange yesterday pushing its main index down 131 points, or 1.9 percent, to 6,772.

Trading was subdued despite the fact that some net buying support did come from foreign and local institutional investors as well as Qatari small investors.

Among the stocks that witnessed correction was Al Meera, whose value jumped almost three-fold since the stocks were listed on the Qatari bourse on October 28. The shares were down 8.39 percent or QR4.70 to close at QR51.30.

Vodafone Qatar shares plummeted further and were ruling at much less than their face value of QR10 at 8.85.

Mawashi (Qatar Meat and Livestock Company) and Qatar Islamic Bank (QIB) were the other major losers.

Barely two of the 44 listed shares advanced while 29 fell and seven remained unchanged.

Banking and financial services stocks suffered a major blow as they dropped a little over two percent.

Islamic Bank was down 4.03 percent, the Commercial Bank of Qatar fell 2.33 percent, Gulf Holding was down 1.78 percent and Doha Bank lost 2.43 percent.