QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...
1 June Daily market report
1. Page 1 of 5
QSE Intra-Day Movement
Qatar Commentary
The QSE Index gained 1.1% to close at 12,176.5. Gains were led by the
Transportation and Industrials indices, rising 1.7% and 1.5%, respectively. Top
gainers were Qatar Cinema & Film Distribution Co. and Dlala Brokerage & Inv.
Holding Co., rising 6.6% and 5.1%, respectively. Among the top losers, Qatar
Ins. Co. fell 2.9%, while Qatar German Co for Medical Devices was down 1.0%.
GCC Commentary
Saudi Arabia: The TASI Index rose 0.1% to close at 9,693.6. Gains were led
by the Transport and Insurance indices, rising 2.9% and 1.7%, respectively.
Saudi Arabian Coop. Insur. gained 9.6%, while SABB Takaful was up 5.7%.
Dubai: The DFM Index gained 0.5% to close at 3,941.8. The Financial & Inv.
Services and Transportation indices rose 1.7% and 1.6%, respectively. Nat.
General Insurance surged 14.8%, while Int. Financial Advisors was up 8.3%.
Abu Dhabi: The ADX benchmark index rose 0.7% to close at 4,561.4. The
Real Estate index gained 1.8%, while the Banks index rose 1.1%. International
Fish Farming Hold. rose 11.7%, while Green Crescent Insurance was up 6.9%.
Kuwait: The KSE Index fell 0.1% to close at 6,285.1. The Technology index
declined 2.1%, while the Consumer Services index was down 1.3%. Kuwait
National Cinema fell 8.9%, while Strategia Investment Co. was down 8.3%.
Oman: The MSM Index rose 0.4% to close at 6,411.2. Gains were led by the
Services and Financial indices, rising 0.5% and 0.4%, respectively. Oman And
Emirates Inv. Holding gained 2.8%, while Sohar Power was up 2.7%.
Bahrain: The BHB Index declined 0.2% to close at 1,360.4. The Insurance
index fell 2.7%, while the Services index declined 1.0%. Bahrain National
Holding Co. fell 8.3%, while Bahrain Tourism Co. was down 4.0%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Qatar Cinema & Film Distrib. Co. 43.90 6.6 0.5 9.7
Dlala Brokerage & Inv. Holding Co. 27.70 5.1 81.2 (17.2)
Qatar Electricity & Water Co. 222.00 3.7 117.2 18.4
Qatar Gas Transport Co. 22.85 3.0 267.2 (1.1)
Medicare Group 174.50 2.6 29.0 49.1
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Ezdan Holding Group 18.09 (0.1) 3,866.1 21.2
Barwa Real Estate Co. 51.10 1.0 2,442.9 22.0
Vodafone Qatar 17.16 0.0 2,195.9 4.3
Mazaya Qatar Real Estate Dev. 19.07 0.5 918.3 4.6
Masraf Al Rayan 46.00 1.7 911.1 4.1
Market Indicators 1 Jun 15 31 May 15 %Chg.
Value Traded (QR mn) 602.9 517.2 16.6
Exch. Market Cap. (QR mn) 649,462.0 642,564.1 1.1
Volume (mn) 15.5 16.3 (4.6)
Number of Transactions 6,389 5,842 9.4
Companies Traded 42 39 7.7
Market Breadth 30:7 28:8 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 18,922.89 1.1 2.3 3.3 N/A
All Share Index 3,253.52 1.0 2.2 3.3 13.7
Banks 3,208.89 1.5 2.5 0.2 14.5
Industrials 3,910.47 1.5 3.0 (3.2) 13.8
Transportation 2,495.29 1.7 2.2 7.6 13.8
Real Estate 2,746.80 0.5 0.4 22.4 9.7
Insurance 4,775.56 (1.7) (2.1) 20.6 22.0
Telecoms 1,266.30 0.3 8.1 (14.8) 25.0
Consumer 7,298.93 0.6 2.2 5.7 28.3
Al Rayan Islamic Index 4,648.17 1.1 2.6 13.3 14.1
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
Nat. Investments Co. Kuwait 0.13 4.9 1,026.0 (15.8)
Qatar Ele. & Water Co. Qatar 222.00 3.7 117.2 18.4
Gulf Cable & Ele. Ind. Kuwait 0.58 3.6 69.8 (15.9)
Comm. Bank of Kuwait Kuwait 0.63 3.3 750.5 0.0
Ajman Bank Dubai 1.97 3.1 1,508.0 (26.1)
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
Abu Dhabi Nat. Energy Abu Dhabi 0.68 (6.8) 3.7 (15.0)
Qatar Insurance Co. Qatar 97.00 (2.9) 518.1 23.1
Banque Saudi Fransi Saudi Arabia 38.55 (2.2) 152.4 23.1
Nat. Real Estate Co. Kuwait 0.10 (2.0) 258.6 (25.8)
Nat. Marine Dredging Abu Dhabi 4.90 (2.0) 30.0 (29.0)
Source: Bloomberg (
#
in Local Currency) (
##
GCC Top gainers/losers derived from the Bloomberg GCC
200 Index comprising of the top 200 regional equities based on market capitalization and liquidity)
QSE Top Losers Close* 1D% Vol. ‘000 YTD%
Qatar Insurance Co. 97.00 (2.9) 518.1 23.1
Qatar German Co for Med. Dev. 18.10 (1.0) 119.5 78.3
Widam Food Co. 60.50 (0.7) 3.7 0.2
Al Meera Consumer Goods Co. 240.10 (0.6) 49.4 20.1
Mesaieed Petrochem. Holding Co. 25.00 (0.2) 127.4 (15.3)
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Barwa Real Estate Co. 51.10 1.0 124,508.7 22.0
Ezdan Holding Group 18.09 (0.1) 70,006.5 21.2
Qatar Insurance Co. 97.00 (2.9) 50,680.1 23.1
Masraf Al Rayan 46.00 1.7 41,779.6 4.1
Vodafone Qatar 17.16 0.0 38,160.5 4.3
Source: Bloomberg (* in QR)
Regional Indices Close 1D% WTD% MTD% YTD%
Exch. Val. Traded
($ mn)
Exchange Mkt.
Cap. ($ mn)
P/E** P/B**
Dividend
Yield
Qatar* 12,176.49 1.1 2.3 1.1 (0.9) 165.64 178,407.2 12.8 2.0 4.2
Dubai 3,941.78 0.5 (1.5) 0.5 4.4 81.16 96,986.2 9.1 1.4 5.5
Abu Dhabi 4,561.36 0.7 1.0 0.7 0.7 42.67 122,776.8 11.5 1.5 4.9
Saudi Arabia 9,693.58 0.1 (0.7) 0.1 16.3 1,542.77 569,148.1 20.3 2.3 2.8
Kuwait 6,285.14 (0.1) (0.5) (0.1) (3.8) 67.16 96,027.6 15.9 1.1 4.2
Oman 6,411.15 0.4 0.3 0.4 1.1 16.48 24,489.0 9.3 1.4 4.1
Bahrain 1,360.42 (0.2) (0.4) (0.2) (4.6) 0.86 21,276.6 8.7 0.9 5.2
Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
11,950
12,000
12,050
12,100
12,150
12,200
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00
2. Page 2 of 5
Qatar Market Commentary
The QSE Index gained 1.1% to close at 12,176.5. The
Transportation and Industrials indices led the gains. The index
rose on the back of buying support from non-Qatari shareholders
despite selling pressure from Qatari and GCC shareholders.
Qatar Cinema & Film Distribution Co. and Dlala Brokerage &
Investments Holding Co. were the top gainers, rising 6.6% and
5.1%, respectively. Among the top losers, Qatar Insurance Co.
fell 2.9%, while Qatar German Co for Medical Devices was down
1.0%.
Volume of shares traded on Monday fell by 4.6% to 15.5mn from
16.3mn on Sunday. Further, as compared to the 30-day moving
average of 16.2mn, volume for the day was 3.8% lower. Ezdan
Holding Group and Barwa Real Estate Co. were the most active
stocks, contributing 24.9% and 15.7% to the total volume,
respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Ratings and Global Economic Data
Ratings Updates
Company Agency Market Type* Old Rating New Rating Rating Change Outlook Outlook Change
Qatar Islamic Insurance
Company (QISI)
Moody's Qatar IFSR Baa2 Baa1 Stable –
Source: News reports (* LT – Long Term, ST – Short Term, FSR- Financial Strength Rating, FCR – Foreign Currency Rating, LCR – Local Currency Rating, IDR – Issuer Default Rating, SR – Support Rating, LC
– Local Currency, IFSR – Insurance Financial Strength Rating)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
06/01 US Bureau of Eco. Analysis Personal Income April 0.40% 0.30% 0.00%
06/01 US Bureau of Eco. Analysis Personal Spending April 0.00% 0.20% 0.50%
06/01 US Bureau of Eco. Analysis PCE Deflator YoY April 0.10% 0.20% 0.30%
06/01 US Bureau of Eco. Analysis PCE Core YoY April 1.20% 1.40% 1.30%
06/01 US Census Bureau Construction Spending MoM April 2.20% 0.80% 0.50%
06/01 Germany Destatis CPI MoM May 0.10% 0.10% 0.00%
06/01 Germany Destatis CPI YoY May 0.70% 0.70% 0.50%
06/01 Germany Destatis CPI EU Harmonized MoM May 0.10% 0.10% -0.10%
06/01 Germany Destatis CPI EU Harmonized YoY May 0.70% 0.60% 0.30%
06/01 UK Markit Markit UK PMI Manufacturing SA May 52.0 52.5 51.8
06/01 Spain Markit Markit Spain Manufacturing PMI May 55.8 54.5 54.2
06/01 Italy Markit Markit/ADACI Italy Manufacturing PMI May 54.8 53.6 53.8
06/01 Italy ANFIA New Car Registrations YoY May 10.78% – 24.16%
06/01 Italy Italian Treasury Budget Balance May -4.3B – -6.0B
06/01 China China Fed. of Logistics Manufacturing PMI May 50.2 50.3 50.1
06/01 China China Fed. of Logistics Non-manufacturing PMI May 53.2 – 53.4
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
QSE, CBQK working together to empower SMEs in Qatar –
The Qatar Stock Exchange (QSE) and the Commercial Bank
(CBQK) have jointly held a workshop for SMEs (small and
medium-sized enterprises) about opportunities to list on the
Qatar Exchange Venture Market (QEVM). The workshop
highlighted growth opportunities for SMEs seeking to be part of
the QEVM, which joins the QSE Main Market, and provides a
revolutionary new platform for SMEs to pursue their
entrepreneurial visions and also benefit from access to capital
through listing. According to QSE CEO Rashid bin Ali Al-
Mansoori, QEVM is all set to welcome SMEs from the wider Gulf
Cooperation Council (GCC) and Middle East & North Africa
(Mena) regions as well. (QSE)
Moody's upgrades QISI’s IFSR, outlook stable – Moody's
Investors Service has upgraded the insurance financial strength
rating (IFSR) of Qatar Islamic Insurance Company (QISI) to
Baa1 from Baa2. The rating carries a stable outlook. The rating
upgrade for QISI reflects its improved and extremely strong
capitalization in relation to insurance risk and its sustained
strong profitability both in terms of underwriting profit and
bottom-line. On the other hand, Moody's said that QISI
maintains a significant level of investment risk, as it invests
predominantly in Qatari equity and property markets.
Furthermore, QISI's insurance risk remains relatively
concentrated in Qatar thus exposing it to geographic
concentration risk and reliance on the Qatar’s economic
performance. Both of these factors constrain the company's
ratings over time. (Bloomberg)
Overall Activity Buy %* Sell %* Net (QR)
Qatari 51.56% 69.08% (105,659,904.40)
GCC 5.49% 6.14% (3,914,670.70)
Non-Qatari 42.95% 24.78% 109,574,575.10
3. Page 3 of 5
QDF signs MoU with Nebras Power – Qatar Development
Fund (QDF) and Nebras Power Company have signed a MoU to
develop cooperation while studying investment opportunities
related to energy projects in countries that will be agreed upon.
The MoU aims to develop a general framework and to determine
the guidelines on which both parties will cooperate to study the
investment opportunities. (QSE)
MDPS: Qatar population reaches all-time high in May –
According to figures released by the Ministry of Development
Planning & Statistics (MDPS), Qatar’s population has reached
an all-time high of 2,374,860 based on the number of people
present in the country on May 31. The country’s population
increased by approximately 200,000 people from 2,174,055 on
May 31, 2014, while it was up by around 32,000 from 2,342,725
on April 30, 2015. (Gulf-Times.com)
GDI appoints new CEO – Gulf Drilling International (GDI), a
wholly owned subsidiary of Gulf International Services, has
appointed Mr. Mubarak Awaida Al-Hajri as its new CEO with
effect from June 14, 2015. Mr. Al-Hajri has a long experience
with Qatar Petroleum, where he worked way up through different
disciplines and management levels. (QSE)
Philadelphia to be first QA’s A350 XWB route in US – Qatar
Airways (QA), the global launch customer of the A350 XWB, has
announced that Philadelphia will be the first destination it will fly
to in the US using the state-of-the-art aircraft. The Doha-based
airline plans to begin operating an A350 on its daily service from
Doha’s Hamad International Airport to Philadelphia International
Airport from January 1, 2016. The date will coincide with the
launch of services to Los Angeles, one of the three new QA
destinations in the US for 2016. (Gulf-Times.com)
International
US consumer spending stalls in April; factory activity
improves in May – The US consumer spending growth
unexpectedly stalled in April as households cut back on
purchases of automobiles and continued to boost savings,
suggesting the economy was struggling to gain momentum early
in 2Q2015. The Commerce Department said that consumer
spending remained unchanged in April as compared with
analysts' forecasts for a 0.2% rise and followed by a 0.5%
increase in March. Consumer spending was also curbed by
weak demand for utilities such as electricity and natural gas as
temperatures warmed up. Meanwhile, the Institute for Supply
Management said its national factory activity index rose to 52.8
in May from 51.5 in April. The index was boosted by a surge in
new orders and factory employment. (Reuters)
Eurozone factory growth weaker in May than initially
reported – Markit Economics said that its factory PMI for the
entire 19-nation euro region rose to 52.2 in May from 52 in April.
While that is above the key 50 mark that divides expansion from
contraction, it is below the initially reported reading of 52.3.
Markit’s report showed that input costs at factories across the
region are rising by the most in three years, while selling prices
are stagnating, squeezing companies’ margins. In Germany, the
index fell more than initially reported, dropping to 51.1 from 52.1.
France’s PMI remained below 50. On the other hand, the PMI
for Italy rose to 54.8 from 53.8 in April, the highest since 2011,
while the Spanish measure jumped to 55.8 from 54.2.
Production and new order growth in Italy was the fastest in over
four years while output and new orders rose at the quickest
pace in Spain since 2007 as new export business jumped the
most in 15 years. (Bloomberg)
UK domestic demand drives factory pick-up as exports stall
– According to a report by Markit Economics, UK manufacturing
expanded in May as the factory PMI rose to 52 from a revised
51.8 in April. The report highlighted Britain’s reliance on
domestic demand while an economic recovery has yet to gain
momentum in Europe, its biggest trading partner. Domestic
demand also fueled a pick-up in new orders, whereas export
orders were little changed in May following a drop in the
previous month. Manufacturers raised average selling prices for
the first time in five months, while input costs fell. (Bloomberg)
WB raises 2015, 2016 growth forecasts for Russia – The
World Bank (WB) said on Monday that it expects Russia's
economy to contract less sharply than previously thought in
2015, citing a recovery in oil prices in recent months, a stronger
ruble and slowing inflation. The bank forecasted Russia’s GDP
to fall by 2.7% in 2015 as opposed to 3.8% estimated earlier.
The WB also raised growth forecast for 2016 to 0.7% while the
economy is expected to expand by 2.5% in 2017. The WB's lead
economist for Russia, Birgit Hansl said that the changed
conditions would allow the central bank to ease monetary policy
at a faster rate this year, supporting the economy. However, the
outlook for the Russian economy remained uncertain. (Reuters)
Indian factory growth accelerates in May – According to a
survey by HSBC, Indian manufacturing sector grew at its fastest
pace in four months in May on improved domestic demand,
even as input costs remained high and firms adopted a cautious
approach on hiring. The HSBC/Markit PMI surged to 52.6 in
May, from 51.3 in April, with levels of production and new orders
rising at the fastest rates since January 2015. The data shows
that manufacturing sector has been growing for 19 consecutive
months now. (Economic Times)
Regional
Sipchem starts commercial operations at cable insulation
plant – Saudi International Petrochemical Company (Sipchem)
has begun commercial production at the cable insulation
polymers plant of its affiliate Gulf Advanced Cables Insulation
Company. The plant is located in Sipchem’s complex in Jubail
Industrial City and produces several types of cable insulation
polymers, which are used for fabricating electrical cable
insulation materials. (Tadawul)
KHI sells 50% stake in Mauritius resort to Sun Resorts –
Kingdom Hotel Investments (KHI), a wholly-owned subsidiary of
Kingdom Holding Company (KHC), has sold 50% stake in Four
Seasons Resort Mauritius to its joint venture partner, Sun
Resorts. (Reuters)
Al Hammadi completes selling fractions shares – Al
Hammadi Development & Investment Company (Al Hammadi)
has completed the selling of 33,634 fractions shares arising out
of the company's capital increase. The company had sold the
shares on May 6, 2015 for a value of SR2.1mn at an average
price of SR62.27 per share. Meanwhile, the Samba Financial
Group will deposit the fractional shares’ amount into the
company shareholders’ accounts on June 2, 2015. (Tadawul)
Saudi CMA approves Bahri’s Sukuk issue – The Saudi
Capital Market Authority (CMA) has approved the offering of the
National Shipping Company of Saudi Arabia's (Bahri) Sukuk
issue. The offering size will be determined later by the company,
and the prospectus will be released to the public in due course.
(GulfBase.com)
Dur Hospitality plans to invest SR1.5bn in hospitality,
residential projects – Saudi-based property & hotel developer,
Dur Hospitality Company, is planning to invest SR1.5bn in a
portfolio of 20 hotels and six residential complexes in the
Kingdom, over the next seven years. The company is further
planning to expand into emerging cities in Saudi Arabia such as
4. Page 4 of 5
Jubail, Yunbu and Tabuk; and has announced its first Holiday
Inn in Tabuk – the first hotel to be developed under the master
development agreement (MDA) inked between InterContinental
Hotel Group (IHG) and Dur Hospitality in 2014. (GulfBase.com)
IHG signs agreement with Al Majd to build world's largest
Holiday Inn in Makkah – InterContinental Hotels Group (IHG)
has signed an agreement with property developer Al Majd Al
Arabiah Company for the construction of the world’s largest
Holiday Inn hotel in Makkah, Saudi Arabia. The 5,154-room
Holiday Inn, Makkah Abraaj Al Tayseer, will open in Makkah in
2015 at the site where the current Abraaj Al Tayseer pilgrim
accommodation is located. The property is slated to open in
phases, with nearly 1,650 rooms across two towers expected to
open by 2015-end, while the remaining 3,500 rooms are slated
to open over the following three years. (GulfBase.com)
WEC: UAE’s nuclear energy projects to be delivered on
time – Jeffrey Benjamin, Senior Vice President of Nuclear
Power Plants at the US-based Westinghouse Electric Company
(WEC) said that the UAE’s nuclear energy projects, developed
by Emirates Nuclear Energy Company (ENEC), are making
progress with the reactors expected to be delivered on time. He
said that falling oil prices are not going to compromise focus on
nuclear energy, since fossil fuel prices tend to fluctuate often,
while that of nuclear and renewable energy are more stable.
(GulfBase.com)
DSE Oman wins several contracts worth AED350mn in
Oman – Drake & Scull Engineering Oman (DSE Oman), a
subsidiary of Drake & Scull International (DSI), has been
awarded several contracts worth a total of AED350mn. Under
the terms of the agreement, DSE Oman will deliver mechanical,
electrical and plumbing (MEP) works for the Oman Convention
and Exhibition Centre (OCEC) in Seeb, two hotels in Saraya
Bandar Jissah near Muscat, and an airport hangar related
facility. The project, which is expected to begin soon, is
scheduled to be completed by 2017. Moreover, DSE Oman will
undertake the supply, installation, testing and commissioning of
core MEP systems for two of the 5-star beachfront properties at
Saraya Bandar Jissah, near Muscat. The two hotels are
expected to be handed over by 2017 and 2016, respectively.
Additionally, DSE Oman will start work on the supply,
installation, testing and commissioning of low side heating,
ventilating and air conditioning (HVAC) and plumbing work for
an airport hangar related facility on an accelerated basis, with an
aim to complete the project work by early-2016. (DFM)
Dubai FDI signs MoU with TEC – The Dubai Investment
Development Corporation (Dubai FDI) has signed a MoU with
the Tunisia Economic City (TEC) to share knowledge and
expertise on the economic development strategies and attract
foreign investment. The MoU is part of the Dubai FDI’s effort to
facilitate investment inflows and support businesses in order to
expand to new markets through Dubai. (GulfBase.com)
Emaar Misr scales back pricing of Egyptian IPO – Emaar
Misr, the Egypt-based subsidiary of Emaar Properties, has
scaled back the price of its listing of 600mn shares on the
Egyptian bourse to $353mn from an earlier $367mn. The Emaar
listing is expected to be the largest flotation on the Cairo
exchange since 2007. Meanwhile, the Egyptian subsidiary has a
portfolio of investments in Egypt worth around $6.95bn.
According to the Egyptian newspapers, the shares will be priced
at a maximum of EGP4.49 each, which means that the offer is
expected to raise EGP2.69bn. The company had previously
aimed to price the shares at EGP4.70 each. (GulfBase.com)
ADGM signs MoU with DED – Abu Dhabi Global Market
(ADGM) has signed a MoU with the Abu Dhabi Department of
Economic Development (DED). The MoU provides a framework
for cooperation and collaboration between the two parties,
particularly regarding respective policies, company registrations,
licensing and regulatory matters, alongside statistics and
information sharing. (GulfBase.com)
Abu Dhabi Ports signs AED130mn Musataha agreement
with SIDDCO Group for engineering facility – Abu Dhabi
Ports and the UAE-based SIDDCO Group have signed a
Musataha agreement worth AED130mn to set up an engineering
facility at Khalifa Port’s industrial zone (Kizad). The new facility
branded as ‘iNGENIUM’ is spread over an area of 122,000
square meters, and will deliver precision automated engineering
and fabrication for the regional oil & gas sector. (GulfBase.com)
Danah shareholders approve withholding 2014 dividend –
Shareholders of the Danah Al Safat Foodstuff Company’s have
approved withholding of the dividend payout for 2014. The
shareholders also approved to offset its previous losses, which
would be financed through reserves. (GulfBase.com)
GEC refuses Muscat Municipality’s settlement offer for
Muscat Expressway projects – Galfar Engineering &
Contracting (GEC) has received an offer letter from Muscat
Municipality regarding the settlement of Muscat Express Way
and Central Corridor road projects. Based on an independent,
detailed technical and legal advice, GEC’s board has decided
not to accept the offer and to pursue other options for the way
forward. (MSM)
ONICH, Ominvest get shareholders’ nod for merger –
Respective shareholders at the Oman International
Development & Investment Company (Ominvest) and Oman
National Investment Corporation Holding’s (ONICH) have
approved the proposed merger of the two companies. As per the
plan, ONICH shareholders would receive 1.052 Ominvest
shares for each share they held currently. Meanwhile,
Ominvest’s shareholders had backed the plan to increase its
authorized capital to OMR90mn from OMR50mn, and its issued
capital to OMR55.28mn from OMR37.04mn. (MSM)
Oman increases mining royalty rates to 10% from July 2015
– The Public Authority for Mining in Oman has decided to
increase mining royalty rates to 10% from 5%, effective July 1,
2015. (GulfBase.com)
CBB’s new ISLI to enhance ASBB’s activities and boost
profitability – Al Salam Bank-Bahrain (ASBB) Director and
Group CEO Yousif Taqi said that the new Islamic Sukuk
Liquidity Instrument (ISLI), which is recently introduced by the
Central Bank of Bahrain (CBB), will play a vital role in enhancing
return for ASBB and boost its profitability, as well as contributing
toward Bahrain’s overall national economic development. (DFM)
5. Contacts
Saugata Sarkar Sahbi Kasraoui QNB Financial Services SPC
Head of Research Head of HNI Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6534 Tel: (+974) 4476 6544 PO Box 24025
saugata.sarkar@qnbfs.com.qa sahbi.alkasraoui@qnbfs.com.qa Doha, Qatar
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Page 5 of 5
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
80.0
100.0
120.0
140.0
160.0
180.0
200.0
220.0
May-11 May-12 May-13 May-14 May-15
QSE Index S&P Pan Arab S&P GCC
0.1%
1.1%
(0.1%)
(0.2%)
0.4%
0.7%
0.5%
(0.5%)
0.0%
0.5%
1.0%
1.5%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,189.10 (0.1) (0.1) 0.4 MSCI World Index 1,778.28 (0.1) (0.1) 4.0
Silver/Ounce 16.77 0.1 0.1 6.8 DJ Industrial 18,040.37 0.2 0.2 1.2
Crude Oil (Brent)/Barrel (FM
Future)
64.88 (1.0) (1.0) 13.2 S&P 500 2,111.73 0.2 0.2 2.6
Crude Oil (WTI)/Barrel (FM
Future)
60.20 (0.2) (0.2) 13.0 NASDAQ 100 5,082.93 0.3 0.3 7.3
Natural Gas (Henry
Hub)/MMBtu
2.60 (1.6) (1.6) (13.2) STOXX 600 400.57 (0.3) (0.3) 5.5
LPG Propane (Arab Gulf)/Ton 45.38 2.8 2.8 (7.4) DAX 11,436.05 (0.3) (0.3) 4.8
LPG Butane (Arab Gulf)/Ton 58.00 2.7 2.7 (7.6) FTSE 100 6,953.58 (1.0) (1.0) 3.2
Euro 1.09 (0.5) (0.5) (9.7) CAC 40 5,025.30 (0.1) (0.1) 6.1
Yen 124.77 0.5 0.5 4.2 Nikkei 20,569.87 (0.6) (0.6) 12.8
GBP 1.52 (0.6) (0.6) (2.4) MSCI EM 1,002.93 (0.1) (0.1) 4.9
CHF 1.06 (0.6) (0.6) 5.1 SHANGHAI SE Composite 4,828.74 4.6 4.6 49.5
AUD 0.76 (0.5) (0.5) (7.0) HANG SENG 27,597.16 0.6 0.6 16.9
USD Index 97.39 0.5 0.5 7.9 BSE SENSEX 27,848.99 0.2 0.2 0.7
RUB 53.57 2.4 2.4 (11.8) Bovespa 53,031.32 0.5 0.5 (11.7)
BRL 0.32 0.3 0.3 (16.4) RTS 953.88 (1.5) (1.5) 20.6
175.0
141.9
128.6