SlideShare a Scribd company logo
1 of 5
Download to read offline
Page 1 of 5
QSE Intra-Day Movement
Qatar Commentary
The QSE Index rose 0.2% to close at 10,292.8. Gains were led by the Banks &
Financial Services and Real Estate indices, gaining 1.3% and 0.5%, respectively. Top
gainers were QNB Group and Qatar Electricity & Water Company, rising 1.9% and
1.1%, respectively. Among the top losers, Qatar General Insurance & Reinsurance
Company fell 4.1%, while Islamic Holding Group was down 1.7%.
GCC Commentary
Saudi Arabia: The TASI Index rose 0.1% to close at 7514.4. Gains were led by the
Pharma, Biotech & Life Science and Media & Entertainment indices, rising 2.7% and
1.7%, respectively. Amana Cooperative Insurance Co. rose 10.0%, while Saudi
Company for Hardware was up 5.9%.
Dubai: The DFM General Index gained 0.2% to close at 2,756.7. The Investment &
Fin. Services index rose 1.9%, while the Consumer Staples and Discretionary index
gained 1.6%. Dubai Investments rose 2.8%, while Gulf General Investments
Company was up 2.4%.
Abu Dhabi: The ADX General index fell 0.4% to close at 4,970.9. The Bank index
declined 0.9%, while the Industrial index fell 0.7%. Ras Al Khaimah Cement Co.
declined 8.9%, while Sudatel Telecommunications Group Co. Ltd. was down 3.2%.
Kuwait: The Kuwait Main Market Index rose 0.3% to close at 4,749.0. The Consumer
Services index gained 1.2%, while Telecom. index rose 0.3%. Tijara & Real Estate
Investment Co. gained 9.4%, while KAMCO Investment Co. was up 8.0%.
Oman: Market was closed on November 21, 2018.
Bahrain: The BHB Index gained 0.6% to close at 1,314.4. The Investment index rose
1.6%, while the Commercial Banks index gained 0.3%. United Gulf Holding
Company rose 9.5%, while Bahrain Telecommunication Company was up 0.8%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
QNB Group 196.80 1.9 224.2 56.2
Qatar Electricity & Water Co. 185.00 1.1 20.1 3.9
Masraf Al Rayan 39.38 1.0 397.2 4.3
Doha Bank 20.19 1.0 325.2 (29.2)
Ezdan Holding Group 11.90 0.8 322.0 (1.5)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Barwa Real Estate Company 39.30 (0.1) 719.2 22.8
Vodafone Qatar 8.11 0.1 549.8 1.1
Masraf Al Rayan 39.38 1.0 397.2 4.3
Doha Bank 20.19 1.0 325.2 (29.2)
Ezdan Holding Group 11.90 0.8 322.0 (1.5)
Market Indicators 21 Nov 18 20 Nov 18 %Chg.
Value Traded (QR mn) 168.1 196.4 (14.4)
Exch. Market Cap. (QR mn) 581,733.4 578,939.6 0.5
Volume (mn) 4.2 4.9 (14.8)
Number of Transactions 3,593 3,877 (7.3)
Companies Traded 41 40 2.5
Market Breadth 13:24 12:23 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 18,134.81 0.2 0.8 26.9 15.2
All Share Index 3,062.03 0.4 1.0 24.9 15.5
Banks 3,811.99 1.3 0.8 42.1 14.3
Industrials 3,280.85 (0.6) 0.3 25.2 15.6
Transportation 2,092.96 (0.0) (0.1) 18.4 12.2
Real Estate 2,057.15 0.5 2.9 7.4 18.5
Insurance 3,031.70 (1.5) (0.2) (12.9) 18.0
Telecoms 987.20 (0.4) 2.7 (10.2) 40.0
Consumer 6,800.81 (0.2) 1.7 37.0 13.9
Al Rayan Islamic Index 3,894.48 0.0 0.9 13.8 15.2
GCC Top Gainers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Co. for Cooperative Ins. Saudi Arabia 53.10 3.3 404.2 (43.8)
Dubai Investments Dubai 1.47 2.8 4,470.3 (39.0)
Al Ahli Bank of Kuwait Kuwait 0.30 2.1 22.2 1.7
National Mobile Telecom. Kuwait 0.74 2.1 8.9 (31.5)
Advanced Petrochem. Co. Saudi Arabia 50.00 2.0 355.2 9.0
GCC Top Losers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
National Petrochem. Co. Saudi Arabia 25.40 (4.2) 1,073.7 37.1
DP World Dubai 17.95 (2.9) 57.3 (28.2)
Boubyan Petrochem. Co. Kuwait 1.00 (2.4) 1,579.2 49.1
Qurain Petrochemical Ind. Kuwait 0.37 (2.1) 449.6 11.6
Saudi Arabian Fertilizer Saudi Arabia 74.10 (2.1) 213.8 13.8
Source: Bloomberg (# in Local Currency) (## GCC Top gainers/losers derived from the S&P GCC
Composite Large Mid Cap Index)
QSE Top Losers Close* 1D% Vol. ‘000 YTD%
Qatar General Ins. & Reins. Co. 45.99 (4.1) 1.6 (6.1)
Islamic Holding Group 22.60 (1.7) 3.5 (39.7)
Salam International Inv. Ltd. 4.32 (1.6) 125.2 (37.3)
Industries Qatar 135.50 (1.3) 88.8 39.7
Gulf International Services 18.20 (1.1) 201.6 2.8
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
QNB Group 196.80 1.9 43,683.5 56.2
Barwa Real Estate Company 39.30 (0.1) 28,329.7 22.8
Masraf Al Rayan 39.38 1.0 15,509.5 4.3
Industries Qatar 135.50 (1.3) 12,083.3 39.7
Qatar Islamic Bank 151.90 0.6 9,621.1 56.6
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* 10,292.82 0.2 0.8 (0.1) 20.8 46.04 159,802.2 15.2 1.5 4.2
Dubai 2,756.69 0.2 (0.8) (1.0) (18.2) 31.48 99,168.9 9.3 1.0 6.4
Abu Dhabi 4,970.88 (0.4) (1.7) 1.4 13.0 45.78 135,357.6 13.5 1.4 4.8
Saudi Arabia 7,514.36 0.1 (1.9) (5.0) 4.0 749.41 474,710.7 16.2 1.7 3.7
Kuwait 4,748.96 0.3 0.0 1.2 (1.6) 74.13 32,457.8 16.3 0.9 4.4
Oman#
4,453.30 0.0 0.1 0.7 (12.7) 3.41 19,288.0 10.5 0.8 5.8
Bahrain 1,314.39 0.6 0.4 (0.0) (1.3) 12.22 20,241.0 8.9 0.8 6.2
Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Market and Dubai Financial Market (** TTM; * Value traded ($ mn) do not include special trades, if any;
#
Data as of November 19, 2018)
10,150
10,200
10,250
10,300
10,350
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00
Page 2 of 5
Qatar Market Commentary
 The QSE Index rose 0.2% to close at 10,292.8. The Banks & Financial
Services and Real Estate 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.
 QNB Group and Qatar Electricity & Water Company were the top
gainers, rising 1.9% and 1.1%, respectively. Among the top losers, Qatar
General Insurance & Reinsurance Company fell 4.1%, while Islamic
Holding Group was down 1.7%.
 Volume of shares traded on Wednesday fell by 14.8% to 4.2mn from
4.9mn on Tuesday. Further, as compared to the 30-day moving average
of 5.7mn, volume for the day was 27.4% lower. Barwa Real Estate
Company and Vodafone Qatar were the most active stocks, contributing
17.2% and 13.2% to the total volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
11/21 US Mortgage Bankers Association MBA Mortgage Applications 16-November -0.1% – -3.2%
11/21 US Department of Labor Initial Jobless Claims 17-November 224k 215k 216k
11/21 US Department of Labor Continuing Claims 10-November 1,668k 1,653k 1,676k
11/21 Japan Ministry of Economy Trade and Industry All Industry Activity Index MoM September -0.1% – -3.2%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
 Cabinet approves draft budget for fiscal year 2019 – The
Cabinet which met yesterday with Prime Minister and Interior
Minister, HE Sheikh Abdullah bin Nasser bin Khalifa Al Thani in
chair approved a draft general budget for fiscal year 2019, and a
draft law to approve the budget, and to refer the total chapters
and sectors of the main draft budget and the draft law to the
Advisory Council. The draft general budget has been prepared
on the following basis: providing the necessary allocations for
the plans and projects of Qatar National Vision 2030 with its
various economic, social, human and environmental pillars;
continuing work on increasing other revenues (non-oil);
providing financial allocations for the completion of major
projects and projects related to the 2022 World Cup. The budget
also focused on allocating funds for the development of
infrastructure in the economic, industrial and logistics areas;
supporting initiatives to develop the business environment and
enhance the role of the private sector and its participation in
various economic activities; supporting food security projects;
allocating funds for the development of land for citizens and
continue working to increase the efficiency of public
expenditure. (Peninsula Qatar)
 QP announces completion of QAMCO’s IPO shares allotment
process – Qatar Petroleum (QP) announced the completion of
the allotment process of the Initial Public Offering (IPO) shares,
which represent 49% of the issued share capital of Qatar
Aluminium Manufacturing Company (QAMCO). The IPO was
heavily subscribed, with the shares offered to individual
investors being more than 2.5 times oversubscribed. Based on
the IPO subscription results, 1,412 offer shares are allocated to
each individual investor as the maximum. In the case of
investors subscribing for less than this maximum amount, they
are allotted the subscribed number shares. A total of 5% of the
issued share capital of QAMCO has been allotted to the General
Retirement & Social Insurance Authority. The refund process is
expected to commence on November 25, 2018. Individual
applicants will be advised of their subscriptions by SMS. The
shares will be admitted to trading on the Qatar Stock Exchange
from December 2018. (Peninsula Qatar)
 General Company for Water and Beverages opens water plant –
General Company for Water and Beverages, a subsidiary of
Qatar General Insurance and Reinsurance Company (QGRI)
opened a factory of drinking water under the trademark name
‘Al Rawda’ in the Industrial Area. The new water plant with
production capacity of 24,000 bottles per hour has been
established at a cost of QR40mn. (Peninsula Qatar)
 QGMD, Al-Jazira Healthcare Group sign agreement for
manufacturing medical devices – Qatari German Company for
Medical Devices (QGMD) and Al-Jazira Healthcare Group signed
an agreement for manufacturing medical devices ‘to be used in
Qatar and to meet the needs of the local market’. This initiative
is in line with Qatar National Vision 2030, which aims at
achieving self-sufficiency in this sector. In order to save time
and cost in supporting the Qatari products, and to develop
synergies between the companies producing medical supplies,
it was agreed that QGMD will be the main company to sterilize
all the products of Al-Jazira Healthcare Group. QGMD has
technical capabilities to provide various sterilization methods
and devices such as Ethylene Oxide Sterilizer (ETO Gas) with a
capacity of up to 30 cubic meters, in addition to steam
sterilizers with capabilities to meet the needs of medical
supplies in Qatar. All sterilization tests are conducted inside the
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 19.21% 41.25% (37,049,463.21)
Qatari Institutions 7.73% 20.25% (21,048,122.70)
Qatari 26.94% 61.50% (58,097,585.91)
GCC Individuals 0.51% 0.52% (25,388.13)
GCC Institutions 0.30% 0.57% (450,082.71)
GCC 0.81% 1.09% (475,470.84)
Non-Qatari Individuals 6.57% 7.88% (2,188,856.74)
Non-Qatari Institutions 65.67% 29.53% 60,761,913.49
Non-Qatari 72.24% 37.41% 58,573,056.75
Page 3 of 5
factory to ensure that the sterilization process has been done
successfully using the most recent methods and international
standards. (Gulf-Times.com)
International
 OECD: Global growth heading towards fragile soft landing –
Trade tensions and higher interest rates are slowing the global
economy, though for now there are no signs of a sharp
downturn, the Organization for Economic Co-operation and
Development (OECD) stated, lowering its outlook for next year.
The OECD forecasted that global growth would slow from 3.7%
this year to 3.5% in 2019 and 2020. It had previously projected
3.7% for 2019. The global growth slowdown would be worst in
non-OECD countries, with many emerging-market economies
likely to see capital outflows as the US Federal Reserve
gradually raised interest rates. The OECD cut its outlook for
countries at risk such as Brazil, Russia, Turkey and South
Africa. Rising interest rates could also spur financial markets to
reconsider and thus reprice the risks to which investors are
exposed, triggering a return to volatility, the OECD stated.
(Reuters)
 US home refinancing requests fall near 18-year low – US
borrowers filed the fewest applications for home refinancing in
almost 18 years last week, even as mortgage rates drifted lower
in step with US bond yields, the Mortgage Bankers Association
(MBA) stated. The Washington-based industry group stated
that its seasonally- adjusted index on refinancing activity fell
5.0% to 783.7 in the week ended November 16. This was the
weakest reading since December 2000. On the other hand,
MBA’s seasonally-adjusted measure on loan applications to buy
a home rose to 227.7, up 3.1% for its biggest weekly gain since
the July 5 week. It fell to its lowest since February 2017 the
week before. Overall mortgage activity still edged lower by
0.1% from the week before to 316.4, which was the lowest since
December 2014, MBA’s total application index showed.
(Reuters)
 US business spending slowing; housing market weak – New
orders for key US-made capital goods were unexpectedly
unchanged in October and shipments rebounded modestly,
which could temper expectations of acceleration in business
spending on equipment early in the fourth quarter. While other
data showed home re-sales rising last month after six straight
monthly declines, house purchases remained sharply down this
year. Sluggish business spending on equipment together with a
lackluster housing market could stoke fears that higher interest
rates are hurting the economy. There was also disappointing
news on the labor market. The number of Americans filing
applications for unemployment benefits rose to more than a
four-month high last week. (Reuters)
 European Commission clears Greek budget; says the Italian
government should face action from EU – The European
Union’s (EU) executive approved Greece’s first post-bailout
budget, but stated the country had to speed up reforms if it
hoped to qualify for any future disbursements under debt relief
measures. The European Commission stated it had adopted its
first report for Greece under an enhanced surveillance
framework put in place after the conclusion of its bailout
program in August. However, it said activation of some debt
relief measures, agreed by Eurozone’s Finance Ministers in
June, would depend on how well Greece performed in the future
when it was re-assessed. About EUR4.8bn of profits from Greek
bonds held by the European Central Bank and other Eurozone
central banks are supposed to be channeled back to Athens by
June, 2022, in semi-annual tranches, as agreed with lenders
under its post-bailout agreement. Separately, the European
Commission stated that Italy’s 2019 budget fails to comply with
Eurozone’s rules and so the government should face action from
the EU to reduce its deficit. (Reuters)
 Japan’s core CPI rises 1.0% YoY in October – Japan’s annual core
consumer inflation was unchanged in October from the
previous month as soft household spending kept firms from
hiking prices, a sign the economy lacks the momentum needed
to achieve the central bank’s 2% target. The nationwide core
consumer price index (CPI), which strips away the effect of
volatile food costs, rose 1.0% in October from a year earlier,
government data showed, matching a median market forecast.
With half of the gain due to higher energy costs, the Bank of
Japan (BoJ) may face increasing difficulty achieving consistent
price growth as global trade frictions and slowing Chinese
demand cloud the outlook for the export-reliant economy. In a
sign inflationary pressure is barely building up, an index
excluding the effect of both fresh food and energy costs showed
inflation of 0.4% in October, steady for three straight months.
(Reuters)
Regional
 ICAEW: GCC experiencing shift from austerity period to early
stage recovery – Fiscal reforms, new economic visions and
rising oil prices are expected to take GCC economies to a
recovery path, according to the Institute of Chartered
Accountants of England and Wales (ICAEW). A recently
concluded ICAEW meeting stated the GCC market is currently
experiencing a shift from an austerity period to an early stage
recovery. All the much-needed austerity measures and
economic visions set by the GCC governments are now leading
the recovery of their respective economies, it stated. The
panelists at the meeting held that the GCC governments are no
longer relying on oil as the primary driving force of the
economy, but rather as a means of sustainable long-term
economic growth. (Gulf-Times.com)
 GCC’s Fintech startups to attract $2bn in private funding –
Investments in Gulf-based Fintech startups are expected to
reach $2bn in the next decade, compared to a mere $150mn
invested in the last 10 years, according to a new study by
MENA Research Partners (MRP), a leading research company in
the region. The UAE and Saudi Arabia are expected to play a
key role in unlocking the region's growth potential and shaping
MENA’s Fintech sector, it stated. MRP suggests that both
countries will be at the heart of the evolving Fintech
transformation, powered by many factors: adopting a top-down
approach for creating advanced infrastructures for smart cities
of the future, having the highest online connectivity per capita
in the region, and representing 45% of the MENA economies.
(GulfBase.com)
 Non-Saudi employment in internal trade rises 1.8% QoQ in
2Q2018 – The General Authority for Statistics has published
results of internal trade survey for 2Q2018. Total number of
Page 4 of 5
non-Saudi employees rose 1.8% QoQ to 1,250,985 in 2Q2018.
The total number of Saudi employees rose 0.4% QoQ to 434,173
in 2Q2018. The total number of establishments fell 2.8% QoQ to
458,910 in 2Q2018. (Bloomberg)
 Saudi Aramco strikes the biggest oil supply deal with China –
State-run Saudi Aramco stated that it plans to make the
biggest-ever deal with China, the world’s biggest oil importer, in
2019. Saudi Aramco has struck five oil supply agreements with
Chinese companies that will help take the total to a peak of
1.67mn barrels of oil per day (bpd). It is being touted as the
biggest ever buy from China. Analysts call it a boost to Saudi
Arabia, as it has displaced supplies from Russia. (GulfBase.com)
 Saudi Arabia’s oil output said to surge to record in early-
November ahead of OPEC meet – Saudi Arabia’s oil production
surged to a record near 11mn bpd in early-November after the
Kingdom received stronger-than-usual demand from clients
preparing for a disruption in Iranian supplies, according to
industry executives who track Saudi Arabia’s oil output. Riyadh
has been pumping about 10.8mn to 10.9mn bpd of crude, the
same executives said. On some days, more than 11mn bpd was
supplied to the market by drawing down domestic and overseas
stockpiles. The International Oil Daily, a trade publication,
reported Saudi Arabia’s production numbers. (Gulf-Times.com)
 UAE’s foreign assets fall to AED327.1bn in October – The
Central Bank of the UAE’s (CBUAE) total foreign assets fell to
AED327.1bn in October 2018 from AED327.3bn in September
2018. Cash, bank balances and deposits with banks abroad rose
by AED1.2bn to AED256.3bn in October. The CBUAE’s
investment in foreign securities was unchanged at AED55.2bn
in October. (Bloomberg)
 Dana Gas, Crescent Petroleum log 30% hike in Kurdistan gas
output – UAE-based Dana Gas, a top natural gas company, and
its partner Crescent Petroleum, have recorded 30% increase in
production capacity at the Khor Mor field in the Kurdistan
Region of Iraq. The companies jointly operate the Khor Mor
field on behalf of Pearl Petroleum. This production increase
delivers much-needed gas supply to fuel power plants in the
region. The expansion at the Khor Mor gas processing plant
consisted of a series of plant additions and modifications to de-
bottleneck throughput, raising output capacity from 305 million
metric standard cubic meters per day (MMscfd) of natural gas to
400 MMscfd, with over 15,000 bpd of condensate.
(GulfBase.com)
 UAE’s watchdog not ready to license company to operate
nuclear plant – The UAE’s Federal Authority for Nuclear
Regulation is not ready to give the company that will run the
country’s first nuclear plant a license to operate, a senior
official said. The $24.4bn Barakah power plant is the world’s
largest nuclear project under construction and will be the first
in the Arab world. The plant, with four reactors, has total
capacity of 5,600 megawatts (MW) of electricity. The operator,
Nawah, has still to fulfill regulatory requirements, Christer
Viktorsson, Director-General of the nuclear body, told a news
conference. “We are continuing to review the application of the
operator to start Barakah,” he said. “We are not ready to give
the operating license yet; we are doing a review of the
documents,” he added. The regulator is waiting for Nawah to
declare itself technically and organizationally ready. (Reuters)
 Mashreqbank facilitates refinancing debt of Arabtec Holdings –
Arabtec Holding, which is working with Moelis & Co. on
restructuring its debt, stated Mashreqbank is facilitating the
refinancing. The refinancing would simplify the group’s
existing term debt and provide a sustainable platform and debt
structure for growth, Arabtec Holdings stated. (Bloomberg)
 Investcorp launches strategic capital partners business –
Investcorp, a leading manager of alternative investments,
announced the launch of its Strategic Capital Partners strategy,
which will focus on minority equity investments in mid-sized
alternative asset managers. To guide the Strategic Capital
Partners business, Investcorp has hired Anthony Maniscalco
who has over 25 years of experience and was formerly
Managing Director and Co-Head of Credit Suisse’s Anteil
Capital Partners business. (Peninsula Qatar)
Contacts
Saugata Sarkar, CFA, CAIA Shahan Keushgerian Zaid al-Nafoosi, CMT, CFTe
Head of Research Senior Research Analyst Senior Research Analyst
Tel: (+974) 4476 6534 Tel: (+974) 4476 6509 Tel: (+974) 4476 6535
saugata.sarkar@qnbfs.com.qa shahan.keushgerian@qnbfs.com.qa zaid.alnafoosi@qnbfs.com.qa
QNB Financial Services Co. W.L.L.
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services Co. W.L.L. (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (Q.P.S.C.). QNBFS is
regulated by the Qatar Financial Markets Authority and the Qatar Exchange. Qatar National Bank (Q.P.S.C.) is regulated by the Qatar Central Bank. This publication expresses the views and
opinions of QNBFS at a given time only. It is not an offer, promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or
financial advice. QNBFS accepts no liability whatsoever for any direct or indirect losses arising from use of this report. Any investment decision should depend on the individual circumstances of
the investor and be based on specifically engaged investment advice. We therefore strongly advise potential investors to seek independent professional advice before making any investment
decision. Although the information in this report has been obtained from sources that QNBFS believes to be reliable, we have not independently verified such information and it may not be
accurate or complete. QNBFS does not make any representations or warranties as to the accuracy and completeness of the information it may contain, and declines any liability in that respect.
For reports dealing with Technical Analysis, expressed opinions and/or recommendations may be different or contrary to the opinions/recommendations of QNBFS Fundamental Research as a
result of depending solely on the historical technical data (price and volume). QNBFS reserves the right to amend the views and opinions expressed in this publication at any time. It may also
express viewpoints or make investment decisions that differ significantly from, or even contradict, the views and opinions included in this report. This report may not be reproduced in whole or in
part without permission from QNBFS.
COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS.
Page 5 of 5
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg (
#
Data as of November 19, 2018)
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
45.0
70.0
95.0
120.0
Oct-14 Oct-15 Oct-16 Oct-17 Oct-18
QSEIndex S&P Pan Arab S&P GCC
0.1%
0.2% 0.3%
0.6%
0.0%
(0.4%)
0.2%
(0.5%)
0.0%
0.5%
1.0%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman#
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,226.05 0.4 0.4 (5.9) MSCI World Index 1,984.73 0.4 (2.3) (5.6)
Silver/Ounce 14.51 1.3 0.7 (14.4) DJ Industrial 24,464.69 (0.0) (3.7) (1.0)
Crude Oil (Brent)/Barrel (FM Future) 63.48 1.5 (4.9) (5.1) S&P 500 2,649.93 0.3 (3.2) (0.9)
Crude Oil (WTI)/Barrel (FM Future) 54.63 2.2 (3.2) (9.6) NASDAQ 100 6,972.25 0.9 (3.8) 1.0
Natural Gas (Henry Hub)/MMBtu 4.70 (2.1) 9.3 52.1 STOXX 600 355.07 1.3 (0.9) (13.5)
LPG Propane (Arab Gulf)/Ton 73.50 1.0 (8.0) (25.8) DAX 11,244.17 1.8 (1.0) (17.5)
LPG Butane (Arab Gulf)/Ton 75.75 1.3 (7.1) (30.2) FTSE 100 7,050.23 1.4 0.2 (13.3)
Euro 1.14 0.1 (0.3) (5.2) CAC 40 4,975.50 1.2 (1.1) (11.2)
Yen 113.06 0.3 0.2 0.3 Nikkei 21,507.54 (0.6) (0.9) (5.9)
GBP 1.28 (0.1) (0.4) (5.4) MSCI EM 975.04 0.3 (1.1) (15.8)
CHF 1.01 0.0 0.5 (2.0) SHANGHAI SE Composite 2,651.51 0.5 (0.9) (24.7)
AUD 0.73 0.7 (0.9) (7.0) HANG SENG 25,971.47 0.5 (0.8) (13.4)
USD Index 96.71 (0.1) 0.3 5.0 BSE SENSEX 35,199.80 (0.3) 0.3 (7.2)
RUB 65.68 (0.7) (0.5) 14.0 Bovespa 87,268.80 (1.3) (2.5) (0.2)
BRL 0.26 (0.9) (1.4) (12.8) RTS 1,127.42 0.9 (0.7) (2.3)
75.5
74.8
73.1

More Related Content

What's hot

16 July Daily market report
16 July Daily market report16 July Daily market report
16 July Daily market report
QNB Group
 
16 September Daily Market Report
16 September Daily Market Report 16 September Daily Market Report
16 September Daily Market Report
QNB Group
 
2 July Daily market report
2 July Daily market report2 July Daily market report
2 July Daily market report
QNB Group
 

What's hot (20)

QNBFS Daily Market Report January 31, 2022
QNBFS Daily Market Report January 31, 2022QNBFS Daily Market Report January 31, 2022
QNBFS Daily Market Report January 31, 2022
 
QNBFS Daily Market Report December 29, 2021
QNBFS Daily Market Report December 29, 2021QNBFS Daily Market Report December 29, 2021
QNBFS Daily Market Report December 29, 2021
 
QNBFS Daily Market Report October 12, 2021
QNBFS Daily Market Report October 12, 2021QNBFS Daily Market Report October 12, 2021
QNBFS Daily Market Report October 12, 2021
 
16 July Daily market report
16 July Daily market report16 July Daily market report
16 July Daily market report
 
QNBFS Daily Market Report February 28, 2022
QNBFS Daily Market Report February 28, 2022QNBFS Daily Market Report February 28, 2022
QNBFS Daily Market Report February 28, 2022
 
QNBFS Daily Market Report October 20, 2021
QNBFS Daily Market Report October 20, 2021QNBFS Daily Market Report October 20, 2021
QNBFS Daily Market Report October 20, 2021
 
QNBFS Daily Market Report October 19, 2021
QNBFS Daily Market Report October 19, 2021QNBFS Daily Market Report October 19, 2021
QNBFS Daily Market Report October 19, 2021
 
QNBFS Daily Market Report January 11, 2022
QNBFS Daily Market Report January 11, 2022QNBFS Daily Market Report January 11, 2022
QNBFS Daily Market Report January 11, 2022
 
16 September Daily Market Report
16 September Daily Market Report 16 September Daily Market Report
16 September Daily Market Report
 
QNBFS Daily Market Report January 12, 2022
QNBFS Daily Market Report January 12, 2022QNBFS Daily Market Report January 12, 2022
QNBFS Daily Market Report January 12, 2022
 
2 July Daily market report
2 July Daily market report2 July Daily market report
2 July Daily market report
 
QNBFS Daily Market Report May 02, 2018
QNBFS Daily Market Report May 02, 2018QNBFS Daily Market Report May 02, 2018
QNBFS Daily Market Report May 02, 2018
 
QNBFS Daily Market Report September 24, 2018
QNBFS Daily Market Report September 24, 2018QNBFS Daily Market Report September 24, 2018
QNBFS Daily Market Report September 24, 2018
 
12 February Daily market report
12 February Daily market report 12 February Daily market report
12 February Daily market report
 
QNBFS Daily Market Report October 25, 2021
QNBFS Daily Market Report October 25, 2021QNBFS Daily Market Report October 25, 2021
QNBFS Daily Market Report October 25, 2021
 
QNBFS Daily Market Report February 27, 2022
QNBFS Daily Market Report February 27, 2022QNBFS Daily Market Report February 27, 2022
QNBFS Daily Market Report February 27, 2022
 
QNBFS Daily Market Report October 27, 2021
QNBFS Daily Market Report October 27, 2021QNBFS Daily Market Report October 27, 2021
QNBFS Daily Market Report October 27, 2021
 
QNBFS Daily Market Report March 29, 2021
QNBFS Daily Market Report March 29, 2021QNBFS Daily Market Report March 29, 2021
QNBFS Daily Market Report March 29, 2021
 
QNBFS Daily Market Report January 26, 2022
QNBFS Daily Market Report January 26, 2022QNBFS Daily Market Report January 26, 2022
QNBFS Daily Market Report January 26, 2022
 
QNBFS Weekly Market Report September 16, 2021
QNBFS Weekly Market Report September 16, 2021QNBFS Weekly Market Report September 16, 2021
QNBFS Weekly Market Report September 16, 2021
 

Similar to QNBFS Daily Market Report November 22, 2018

26 August Daily Market Report
26 August Daily Market Report26 August Daily Market Report
26 August Daily Market Report
QNB Group
 
4 May Daily market report
4 May Daily market report 4 May Daily market report
4 May Daily market report
QNB Group
 
11 January Daily market report
11 January Daily market report 11 January Daily market report
11 January Daily market report
QNB Group
 
12 April Daily market report
12 April Daily market report12 April Daily market report
12 April Daily market report
QNB Group
 
21 September Daily market report
21 September Daily market report 21 September Daily market report
21 September Daily market report
QNB Group
 
23 July Technical Market Report
23 July Technical Market Report23 July Technical Market Report
23 July Technical Market Report
QNB Group
 
17 June Daily market report
17 June Daily market report 17 June Daily market report
17 June Daily market report
QNB Group
 
Daily market report
Daily market reportDaily market report
Daily market report
QNB Group
 
7 September Daily market report
7 September Daily market report 7 September Daily market report
7 September Daily market report
QNB Group
 

Similar to QNBFS Daily Market Report November 22, 2018 (20)

QNBFS Daily Market Report June 22, 2022
QNBFS Daily Market Report June 22, 2022QNBFS Daily Market Report June 22, 2022
QNBFS Daily Market Report June 22, 2022
 
26 August Daily Market Report
26 August Daily Market Report26 August Daily Market Report
26 August Daily Market Report
 
4 May Daily market report
4 May Daily market report 4 May Daily market report
4 May Daily market report
 
QNBFS Daily Market Report December 25, 2017
QNBFS Daily Market Report December 25, 2017QNBFS Daily Market Report December 25, 2017
QNBFS Daily Market Report December 25, 2017
 
11 January Daily market report
11 January Daily market report 11 January Daily market report
11 January Daily market report
 
2 June Daily Market Report
2 June Daily Market Report2 June Daily Market Report
2 June Daily Market Report
 
12 April Daily market report
12 April Daily market report12 April Daily market report
12 April Daily market report
 
QNBFS Daily Market Report December 06, 2021
QNBFS Daily Market Report December 06, 2021QNBFS Daily Market Report December 06, 2021
QNBFS Daily Market Report December 06, 2021
 
QNBFS Daily Market Report August 18, 2019
QNBFS Daily Market Report August 18, 2019QNBFS Daily Market Report August 18, 2019
QNBFS Daily Market Report August 18, 2019
 
QNBFS Daily Market Report December 21, 2021
QNBFS Daily Market Report December 21, 2021QNBFS Daily Market Report December 21, 2021
QNBFS Daily Market Report December 21, 2021
 
21 September Daily market report
21 September Daily market report 21 September Daily market report
21 September Daily market report
 
QNBFS Daily Market Report June 07, 2021
QNBFS Daily Market Report June 07, 2021QNBFS Daily Market Report June 07, 2021
QNBFS Daily Market Report June 07, 2021
 
23 July Technical Market Report
23 July Technical Market Report23 July Technical Market Report
23 July Technical Market Report
 
QNBFS Daily Market Report June 13, 2022
QNBFS Daily Market Report June 13, 2022QNBFS Daily Market Report June 13, 2022
QNBFS Daily Market Report June 13, 2022
 
QNBFS Daily Market Report June 13, 2022
QNBFS Daily Market Report June 13, 2022QNBFS Daily Market Report June 13, 2022
QNBFS Daily Market Report June 13, 2022
 
17 June Daily market report
17 June Daily market report 17 June Daily market report
17 June Daily market report
 
Daily market report
Daily market reportDaily market report
Daily market report
 
QNBFS Daily Market Report April 12, 2021
QNBFS Daily Market Report April 12, 2021QNBFS Daily Market Report April 12, 2021
QNBFS Daily Market Report April 12, 2021
 
QNBFS Daily Market Report January 02, 2022
QNBFS Daily Market Report January 02, 2022QNBFS Daily Market Report January 02, 2022
QNBFS Daily Market Report January 02, 2022
 
7 September Daily market report
7 September Daily market report 7 September Daily market report
7 September Daily market report
 

More from QNB Group

More from QNB Group (20)

QNBFS Daily Market Report December 24, 2023
QNBFS Daily Market Report December 24, 2023QNBFS Daily Market Report December 24, 2023
QNBFS Daily Market Report December 24, 2023
 
QNBFS Daily Market Report November 29, 2023
QNBFS Daily Market Report November 29, 2023QNBFS Daily Market Report November 29, 2023
QNBFS Daily Market Report November 29, 2023
 
QNBFS Weekly Market Report November 23, 2023
QNBFS Weekly Market Report November 23, 2023QNBFS Weekly Market Report November 23, 2023
QNBFS Weekly Market Report November 23, 2023
 
QNBFS Weekly Market Report November 16, 2023
QNBFS Weekly Market Report November 16, 2023QNBFS Weekly Market Report November 16, 2023
QNBFS Weekly Market Report November 16, 2023
 
QNBFS Daily Technical Trader Qatar - November 14, 2023 التحليل الفني اليومي ل...
QNBFS Daily Technical Trader Qatar - November 14, 2023 التحليل الفني اليومي ل...QNBFS Daily Technical Trader Qatar - November 14, 2023 التحليل الفني اليومي ل...
QNBFS Daily Technical Trader Qatar - November 14, 2023 التحليل الفني اليومي ل...
 
QNBFS Daily Technical Trader Qatar - November 06, 2023 التحليل الفني اليومي ل...
QNBFS Daily Technical Trader Qatar - November 06, 2023 التحليل الفني اليومي ل...QNBFS Daily Technical Trader Qatar - November 06, 2023 التحليل الفني اليومي ل...
QNBFS Daily Technical Trader Qatar - November 06, 2023 التحليل الفني اليومي ل...
 
QNBFS Daily Market Report October 30, 2023
QNBFS Daily Market Report October 30, 2023QNBFS Daily Market Report October 30, 2023
QNBFS Daily Market Report October 30, 2023
 
QNBFS Daily Technical Trader Qatar - October 25, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 25, 2023 التحليل الفني اليومي لب...QNBFS Daily Technical Trader Qatar - October 25, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 25, 2023 التحليل الفني اليومي لب...
 
QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...
 
QNBFS Daily Technical Trader Qatar - October 11, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 11, 2023 التحليل الفني اليومي لب...QNBFS Daily Technical Trader Qatar - October 11, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 11, 2023 التحليل الفني اليومي لب...
 
QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...
 
QNBFS Daily Market Report October 04, 2023
QNBFS Daily Market Report October 04, 2023QNBFS Daily Market Report October 04, 2023
QNBFS Daily Market Report October 04, 2023
 
QNBFS Daily Technical Trader Qatar - October 04, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 04, 2023 التحليل الفني اليومي لب...QNBFS Daily Technical Trader Qatar - October 04, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 04, 2023 التحليل الفني اليومي لب...
 
QNBFS Daily Technical Trader Qatar - September 28, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 28, 2023 التحليل الفني اليومي ...QNBFS Daily Technical Trader Qatar - September 28, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 28, 2023 التحليل الفني اليومي ...
 
QNBFS Daily Market Report September 24, 2023
QNBFS Daily Market Report September 24, 2023QNBFS Daily Market Report September 24, 2023
QNBFS Daily Market Report September 24, 2023
 
QNBFS Daily Technical Trader Qatar - September 24, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 24, 2023 التحليل الفني اليومي ...QNBFS Daily Technical Trader Qatar - September 24, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 24, 2023 التحليل الفني اليومي ...
 
QNBFS Daily Technical Trader Qatar - September 19, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 19, 2023 التحليل الفني اليومي ...QNBFS Daily Technical Trader Qatar - September 19, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 19, 2023 التحليل الفني اليومي ...
 
QNBFS Daily Market Report September 17, 2023
QNBFS Daily Market Report September 17, 2023QNBFS Daily Market Report September 17, 2023
QNBFS Daily Market Report September 17, 2023
 
QNBFS Weekly Market Report September 07, 2023
QNBFS Weekly Market Report September 07, 2023QNBFS Weekly Market Report September 07, 2023
QNBFS Weekly Market Report September 07, 2023
 
QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...
 

Recently uploaded

Sonagachi % High Profile Call Girls in Kolkata Real photos of Female Escorts ...
Sonagachi % High Profile Call Girls in Kolkata Real photos of Female Escorts ...Sonagachi % High Profile Call Girls in Kolkata Real photos of Female Escorts ...
Sonagachi % High Profile Call Girls in Kolkata Real photos of Female Escorts ...
soniyagrag336
 
APPLIED ECONOMICS Sept 9FGHFGHFHGFGHFHGFHGFH
APPLIED ECONOMICS Sept 9FGHFGHFHGFGHFHGFHGFHAPPLIED ECONOMICS Sept 9FGHFGHFHGFGHFHGFHGFH
APPLIED ECONOMICS Sept 9FGHFGHFHGFGHFHGFHGFH
geloencina777
 

Recently uploaded (20)

Solution Manual For Financial Statement Analysis, 13th Edition By Charles H. ...
Solution Manual For Financial Statement Analysis, 13th Edition By Charles H. ...Solution Manual For Financial Statement Analysis, 13th Edition By Charles H. ...
Solution Manual For Financial Statement Analysis, 13th Edition By Charles H. ...
 
Sonagachi % High Profile Call Girls in Kolkata Real photos of Female Escorts ...
Sonagachi % High Profile Call Girls in Kolkata Real photos of Female Escorts ...Sonagachi % High Profile Call Girls in Kolkata Real photos of Female Escorts ...
Sonagachi % High Profile Call Girls in Kolkata Real photos of Female Escorts ...
 
Q1 2024 Conference Call Presentation vF.pdf
Q1 2024 Conference Call Presentation vF.pdfQ1 2024 Conference Call Presentation vF.pdf
Q1 2024 Conference Call Presentation vF.pdf
 
asli amil baba bengali black magic kala jadu expert in uk usa canada france c...
asli amil baba bengali black magic kala jadu expert in uk usa canada france c...asli amil baba bengali black magic kala jadu expert in uk usa canada france c...
asli amil baba bengali black magic kala jadu expert in uk usa canada france c...
 
Famous Kala Jadu, Kala ilam specialist in USA and Bangali Amil baba in Saudi ...
Famous Kala Jadu, Kala ilam specialist in USA and Bangali Amil baba in Saudi ...Famous Kala Jadu, Kala ilam specialist in USA and Bangali Amil baba in Saudi ...
Famous Kala Jadu, Kala ilam specialist in USA and Bangali Amil baba in Saudi ...
 
Pension dashboards forum 1 May 2024 (1).pdf
Pension dashboards forum 1 May 2024 (1).pdfPension dashboards forum 1 May 2024 (1).pdf
Pension dashboards forum 1 May 2024 (1).pdf
 
Production and Cost of the firm with curves
Production and Cost of the firm with curvesProduction and Cost of the firm with curves
Production and Cost of the firm with curves
 
Kala jadu specialist in USA (Kala ilam expert in france) Black magic expert i...
Kala jadu specialist in USA (Kala ilam expert in france) Black magic expert i...Kala jadu specialist in USA (Kala ilam expert in france) Black magic expert i...
Kala jadu specialist in USA (Kala ilam expert in france) Black magic expert i...
 
Test bank for advanced assessment interpreting findings and formulating diffe...
Test bank for advanced assessment interpreting findings and formulating diffe...Test bank for advanced assessment interpreting findings and formulating diffe...
Test bank for advanced assessment interpreting findings and formulating diffe...
 
GIFT City Overview India's Gateway to Global Finance
GIFT City Overview  India's Gateway to Global FinanceGIFT City Overview  India's Gateway to Global Finance
GIFT City Overview India's Gateway to Global Finance
 
najoomi asli amil baba kala jadu expert rawalpindi bangladesh uk usa
najoomi asli amil baba kala jadu expert rawalpindi bangladesh uk usanajoomi asli amil baba kala jadu expert rawalpindi bangladesh uk usa
najoomi asli amil baba kala jadu expert rawalpindi bangladesh uk usa
 
Abhay Bhutada: Driving Digital Transformation in NBFC Sector
Abhay Bhutada: Driving Digital Transformation in NBFC SectorAbhay Bhutada: Driving Digital Transformation in NBFC Sector
Abhay Bhutada: Driving Digital Transformation in NBFC Sector
 
APPLIED ECONOMICS Sept 9FGHFGHFHGFGHFHGFHGFH
APPLIED ECONOMICS Sept 9FGHFGHFHGFGHFHGFHGFHAPPLIED ECONOMICS Sept 9FGHFGHFHGFGHFHGFHGFH
APPLIED ECONOMICS Sept 9FGHFGHFHGFGHFHGFHGFH
 
Benefits & Risk Of Stock Loans
Benefits & Risk Of Stock LoansBenefits & Risk Of Stock Loans
Benefits & Risk Of Stock Loans
 
Bank of Tomorrow White Paper For Reading
Bank of Tomorrow White Paper For ReadingBank of Tomorrow White Paper For Reading
Bank of Tomorrow White Paper For Reading
 
20240514-Calibre-Q1-2024-Conference-Call-Presentation.pdf
20240514-Calibre-Q1-2024-Conference-Call-Presentation.pdf20240514-Calibre-Q1-2024-Conference-Call-Presentation.pdf
20240514-Calibre-Q1-2024-Conference-Call-Presentation.pdf
 
劳伦森大学毕业证
劳伦森大学毕业证劳伦森大学毕业证
劳伦森大学毕业证
 
Premium Call Girls bhadrachalam 🧿 6378878445 🧿 High Class Call Girl Service A...
Premium Call Girls bhadrachalam 🧿 6378878445 🧿 High Class Call Girl Service A...Premium Call Girls bhadrachalam 🧿 6378878445 🧿 High Class Call Girl Service A...
Premium Call Girls bhadrachalam 🧿 6378878445 🧿 High Class Call Girl Service A...
 
Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...
Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...
Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...
 
Famous Kala Jadu, Black magic expert in Faisalabad and Kala ilam specialist i...
Famous Kala Jadu, Black magic expert in Faisalabad and Kala ilam specialist i...Famous Kala Jadu, Black magic expert in Faisalabad and Kala ilam specialist i...
Famous Kala Jadu, Black magic expert in Faisalabad and Kala ilam specialist i...
 

QNBFS Daily Market Report November 22, 2018

  • 1. Page 1 of 5 QSE Intra-Day Movement Qatar Commentary The QSE Index rose 0.2% to close at 10,292.8. Gains were led by the Banks & Financial Services and Real Estate indices, gaining 1.3% and 0.5%, respectively. Top gainers were QNB Group and Qatar Electricity & Water Company, rising 1.9% and 1.1%, respectively. Among the top losers, Qatar General Insurance & Reinsurance Company fell 4.1%, while Islamic Holding Group was down 1.7%. GCC Commentary Saudi Arabia: The TASI Index rose 0.1% to close at 7514.4. Gains were led by the Pharma, Biotech & Life Science and Media & Entertainment indices, rising 2.7% and 1.7%, respectively. Amana Cooperative Insurance Co. rose 10.0%, while Saudi Company for Hardware was up 5.9%. Dubai: The DFM General Index gained 0.2% to close at 2,756.7. The Investment & Fin. Services index rose 1.9%, while the Consumer Staples and Discretionary index gained 1.6%. Dubai Investments rose 2.8%, while Gulf General Investments Company was up 2.4%. Abu Dhabi: The ADX General index fell 0.4% to close at 4,970.9. The Bank index declined 0.9%, while the Industrial index fell 0.7%. Ras Al Khaimah Cement Co. declined 8.9%, while Sudatel Telecommunications Group Co. Ltd. was down 3.2%. Kuwait: The Kuwait Main Market Index rose 0.3% to close at 4,749.0. The Consumer Services index gained 1.2%, while Telecom. index rose 0.3%. Tijara & Real Estate Investment Co. gained 9.4%, while KAMCO Investment Co. was up 8.0%. Oman: Market was closed on November 21, 2018. Bahrain: The BHB Index gained 0.6% to close at 1,314.4. The Investment index rose 1.6%, while the Commercial Banks index gained 0.3%. United Gulf Holding Company rose 9.5%, while Bahrain Telecommunication Company was up 0.8%. QSE Top Gainers Close* 1D% Vol. ‘000 YTD% QNB Group 196.80 1.9 224.2 56.2 Qatar Electricity & Water Co. 185.00 1.1 20.1 3.9 Masraf Al Rayan 39.38 1.0 397.2 4.3 Doha Bank 20.19 1.0 325.2 (29.2) Ezdan Holding Group 11.90 0.8 322.0 (1.5) QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD% Barwa Real Estate Company 39.30 (0.1) 719.2 22.8 Vodafone Qatar 8.11 0.1 549.8 1.1 Masraf Al Rayan 39.38 1.0 397.2 4.3 Doha Bank 20.19 1.0 325.2 (29.2) Ezdan Holding Group 11.90 0.8 322.0 (1.5) Market Indicators 21 Nov 18 20 Nov 18 %Chg. Value Traded (QR mn) 168.1 196.4 (14.4) Exch. Market Cap. (QR mn) 581,733.4 578,939.6 0.5 Volume (mn) 4.2 4.9 (14.8) Number of Transactions 3,593 3,877 (7.3) Companies Traded 41 40 2.5 Market Breadth 13:24 12:23 – Market Indices Close 1D% WTD% YTD% TTM P/E Total Return 18,134.81 0.2 0.8 26.9 15.2 All Share Index 3,062.03 0.4 1.0 24.9 15.5 Banks 3,811.99 1.3 0.8 42.1 14.3 Industrials 3,280.85 (0.6) 0.3 25.2 15.6 Transportation 2,092.96 (0.0) (0.1) 18.4 12.2 Real Estate 2,057.15 0.5 2.9 7.4 18.5 Insurance 3,031.70 (1.5) (0.2) (12.9) 18.0 Telecoms 987.20 (0.4) 2.7 (10.2) 40.0 Consumer 6,800.81 (0.2) 1.7 37.0 13.9 Al Rayan Islamic Index 3,894.48 0.0 0.9 13.8 15.2 GCC Top Gainers ## Exchange Close # 1D% Vol. ‘000 YTD% Co. for Cooperative Ins. Saudi Arabia 53.10 3.3 404.2 (43.8) Dubai Investments Dubai 1.47 2.8 4,470.3 (39.0) Al Ahli Bank of Kuwait Kuwait 0.30 2.1 22.2 1.7 National Mobile Telecom. Kuwait 0.74 2.1 8.9 (31.5) Advanced Petrochem. Co. Saudi Arabia 50.00 2.0 355.2 9.0 GCC Top Losers ## Exchange Close # 1D% Vol. ‘000 YTD% National Petrochem. Co. Saudi Arabia 25.40 (4.2) 1,073.7 37.1 DP World Dubai 17.95 (2.9) 57.3 (28.2) Boubyan Petrochem. Co. Kuwait 1.00 (2.4) 1,579.2 49.1 Qurain Petrochemical Ind. Kuwait 0.37 (2.1) 449.6 11.6 Saudi Arabian Fertilizer Saudi Arabia 74.10 (2.1) 213.8 13.8 Source: Bloomberg (# in Local Currency) (## GCC Top gainers/losers derived from the S&P GCC Composite Large Mid Cap Index) QSE Top Losers Close* 1D% Vol. ‘000 YTD% Qatar General Ins. & Reins. Co. 45.99 (4.1) 1.6 (6.1) Islamic Holding Group 22.60 (1.7) 3.5 (39.7) Salam International Inv. Ltd. 4.32 (1.6) 125.2 (37.3) Industries Qatar 135.50 (1.3) 88.8 39.7 Gulf International Services 18.20 (1.1) 201.6 2.8 QSE Top Value Trades Close* 1D% Val. ‘000 YTD% QNB Group 196.80 1.9 43,683.5 56.2 Barwa Real Estate Company 39.30 (0.1) 28,329.7 22.8 Masraf Al Rayan 39.38 1.0 15,509.5 4.3 Industries Qatar 135.50 (1.3) 12,083.3 39.7 Qatar Islamic Bank 151.90 0.6 9,621.1 56.6 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* 10,292.82 0.2 0.8 (0.1) 20.8 46.04 159,802.2 15.2 1.5 4.2 Dubai 2,756.69 0.2 (0.8) (1.0) (18.2) 31.48 99,168.9 9.3 1.0 6.4 Abu Dhabi 4,970.88 (0.4) (1.7) 1.4 13.0 45.78 135,357.6 13.5 1.4 4.8 Saudi Arabia 7,514.36 0.1 (1.9) (5.0) 4.0 749.41 474,710.7 16.2 1.7 3.7 Kuwait 4,748.96 0.3 0.0 1.2 (1.6) 74.13 32,457.8 16.3 0.9 4.4 Oman# 4,453.30 0.0 0.1 0.7 (12.7) 3.41 19,288.0 10.5 0.8 5.8 Bahrain 1,314.39 0.6 0.4 (0.0) (1.3) 12.22 20,241.0 8.9 0.8 6.2 Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Market and Dubai Financial Market (** TTM; * Value traded ($ mn) do not include special trades, if any; # Data as of November 19, 2018) 10,150 10,200 10,250 10,300 10,350 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 rose 0.2% to close at 10,292.8. The Banks & Financial Services and Real Estate 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.  QNB Group and Qatar Electricity & Water Company were the top gainers, rising 1.9% and 1.1%, respectively. Among the top losers, Qatar General Insurance & Reinsurance Company fell 4.1%, while Islamic Holding Group was down 1.7%.  Volume of shares traded on Wednesday fell by 14.8% to 4.2mn from 4.9mn on Tuesday. Further, as compared to the 30-day moving average of 5.7mn, volume for the day was 27.4% lower. Barwa Real Estate Company and Vodafone Qatar were the most active stocks, contributing 17.2% and 13.2% to the total volume, respectively. Source: Qatar Stock Exchange (* as a % of traded value) Global Economic Data Date Market Source Indicator Period Actual Consensus Previous 11/21 US Mortgage Bankers Association MBA Mortgage Applications 16-November -0.1% – -3.2% 11/21 US Department of Labor Initial Jobless Claims 17-November 224k 215k 216k 11/21 US Department of Labor Continuing Claims 10-November 1,668k 1,653k 1,676k 11/21 Japan Ministry of Economy Trade and Industry All Industry Activity Index MoM September -0.1% – -3.2% Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted) News Qatar  Cabinet approves draft budget for fiscal year 2019 – The Cabinet which met yesterday with Prime Minister and Interior Minister, HE Sheikh Abdullah bin Nasser bin Khalifa Al Thani in chair approved a draft general budget for fiscal year 2019, and a draft law to approve the budget, and to refer the total chapters and sectors of the main draft budget and the draft law to the Advisory Council. The draft general budget has been prepared on the following basis: providing the necessary allocations for the plans and projects of Qatar National Vision 2030 with its various economic, social, human and environmental pillars; continuing work on increasing other revenues (non-oil); providing financial allocations for the completion of major projects and projects related to the 2022 World Cup. The budget also focused on allocating funds for the development of infrastructure in the economic, industrial and logistics areas; supporting initiatives to develop the business environment and enhance the role of the private sector and its participation in various economic activities; supporting food security projects; allocating funds for the development of land for citizens and continue working to increase the efficiency of public expenditure. (Peninsula Qatar)  QP announces completion of QAMCO’s IPO shares allotment process – Qatar Petroleum (QP) announced the completion of the allotment process of the Initial Public Offering (IPO) shares, which represent 49% of the issued share capital of Qatar Aluminium Manufacturing Company (QAMCO). The IPO was heavily subscribed, with the shares offered to individual investors being more than 2.5 times oversubscribed. Based on the IPO subscription results, 1,412 offer shares are allocated to each individual investor as the maximum. In the case of investors subscribing for less than this maximum amount, they are allotted the subscribed number shares. A total of 5% of the issued share capital of QAMCO has been allotted to the General Retirement & Social Insurance Authority. The refund process is expected to commence on November 25, 2018. Individual applicants will be advised of their subscriptions by SMS. The shares will be admitted to trading on the Qatar Stock Exchange from December 2018. (Peninsula Qatar)  General Company for Water and Beverages opens water plant – General Company for Water and Beverages, a subsidiary of Qatar General Insurance and Reinsurance Company (QGRI) opened a factory of drinking water under the trademark name ‘Al Rawda’ in the Industrial Area. The new water plant with production capacity of 24,000 bottles per hour has been established at a cost of QR40mn. (Peninsula Qatar)  QGMD, Al-Jazira Healthcare Group sign agreement for manufacturing medical devices – Qatari German Company for Medical Devices (QGMD) and Al-Jazira Healthcare Group signed an agreement for manufacturing medical devices ‘to be used in Qatar and to meet the needs of the local market’. This initiative is in line with Qatar National Vision 2030, which aims at achieving self-sufficiency in this sector. In order to save time and cost in supporting the Qatari products, and to develop synergies between the companies producing medical supplies, it was agreed that QGMD will be the main company to sterilize all the products of Al-Jazira Healthcare Group. QGMD has technical capabilities to provide various sterilization methods and devices such as Ethylene Oxide Sterilizer (ETO Gas) with a capacity of up to 30 cubic meters, in addition to steam sterilizers with capabilities to meet the needs of medical supplies in Qatar. All sterilization tests are conducted inside the Overall Activity Buy %* Sell %* Net (QR) Qatari Individuals 19.21% 41.25% (37,049,463.21) Qatari Institutions 7.73% 20.25% (21,048,122.70) Qatari 26.94% 61.50% (58,097,585.91) GCC Individuals 0.51% 0.52% (25,388.13) GCC Institutions 0.30% 0.57% (450,082.71) GCC 0.81% 1.09% (475,470.84) Non-Qatari Individuals 6.57% 7.88% (2,188,856.74) Non-Qatari Institutions 65.67% 29.53% 60,761,913.49 Non-Qatari 72.24% 37.41% 58,573,056.75
  • 3. Page 3 of 5 factory to ensure that the sterilization process has been done successfully using the most recent methods and international standards. (Gulf-Times.com) International  OECD: Global growth heading towards fragile soft landing – Trade tensions and higher interest rates are slowing the global economy, though for now there are no signs of a sharp downturn, the Organization for Economic Co-operation and Development (OECD) stated, lowering its outlook for next year. The OECD forecasted that global growth would slow from 3.7% this year to 3.5% in 2019 and 2020. It had previously projected 3.7% for 2019. The global growth slowdown would be worst in non-OECD countries, with many emerging-market economies likely to see capital outflows as the US Federal Reserve gradually raised interest rates. The OECD cut its outlook for countries at risk such as Brazil, Russia, Turkey and South Africa. Rising interest rates could also spur financial markets to reconsider and thus reprice the risks to which investors are exposed, triggering a return to volatility, the OECD stated. (Reuters)  US home refinancing requests fall near 18-year low – US borrowers filed the fewest applications for home refinancing in almost 18 years last week, even as mortgage rates drifted lower in step with US bond yields, the Mortgage Bankers Association (MBA) stated. The Washington-based industry group stated that its seasonally- adjusted index on refinancing activity fell 5.0% to 783.7 in the week ended November 16. This was the weakest reading since December 2000. On the other hand, MBA’s seasonally-adjusted measure on loan applications to buy a home rose to 227.7, up 3.1% for its biggest weekly gain since the July 5 week. It fell to its lowest since February 2017 the week before. Overall mortgage activity still edged lower by 0.1% from the week before to 316.4, which was the lowest since December 2014, MBA’s total application index showed. (Reuters)  US business spending slowing; housing market weak – New orders for key US-made capital goods were unexpectedly unchanged in October and shipments rebounded modestly, which could temper expectations of acceleration in business spending on equipment early in the fourth quarter. While other data showed home re-sales rising last month after six straight monthly declines, house purchases remained sharply down this year. Sluggish business spending on equipment together with a lackluster housing market could stoke fears that higher interest rates are hurting the economy. There was also disappointing news on the labor market. The number of Americans filing applications for unemployment benefits rose to more than a four-month high last week. (Reuters)  European Commission clears Greek budget; says the Italian government should face action from EU – The European Union’s (EU) executive approved Greece’s first post-bailout budget, but stated the country had to speed up reforms if it hoped to qualify for any future disbursements under debt relief measures. The European Commission stated it had adopted its first report for Greece under an enhanced surveillance framework put in place after the conclusion of its bailout program in August. However, it said activation of some debt relief measures, agreed by Eurozone’s Finance Ministers in June, would depend on how well Greece performed in the future when it was re-assessed. About EUR4.8bn of profits from Greek bonds held by the European Central Bank and other Eurozone central banks are supposed to be channeled back to Athens by June, 2022, in semi-annual tranches, as agreed with lenders under its post-bailout agreement. Separately, the European Commission stated that Italy’s 2019 budget fails to comply with Eurozone’s rules and so the government should face action from the EU to reduce its deficit. (Reuters)  Japan’s core CPI rises 1.0% YoY in October – Japan’s annual core consumer inflation was unchanged in October from the previous month as soft household spending kept firms from hiking prices, a sign the economy lacks the momentum needed to achieve the central bank’s 2% target. The nationwide core consumer price index (CPI), which strips away the effect of volatile food costs, rose 1.0% in October from a year earlier, government data showed, matching a median market forecast. With half of the gain due to higher energy costs, the Bank of Japan (BoJ) may face increasing difficulty achieving consistent price growth as global trade frictions and slowing Chinese demand cloud the outlook for the export-reliant economy. In a sign inflationary pressure is barely building up, an index excluding the effect of both fresh food and energy costs showed inflation of 0.4% in October, steady for three straight months. (Reuters) Regional  ICAEW: GCC experiencing shift from austerity period to early stage recovery – Fiscal reforms, new economic visions and rising oil prices are expected to take GCC economies to a recovery path, according to the Institute of Chartered Accountants of England and Wales (ICAEW). A recently concluded ICAEW meeting stated the GCC market is currently experiencing a shift from an austerity period to an early stage recovery. All the much-needed austerity measures and economic visions set by the GCC governments are now leading the recovery of their respective economies, it stated. The panelists at the meeting held that the GCC governments are no longer relying on oil as the primary driving force of the economy, but rather as a means of sustainable long-term economic growth. (Gulf-Times.com)  GCC’s Fintech startups to attract $2bn in private funding – Investments in Gulf-based Fintech startups are expected to reach $2bn in the next decade, compared to a mere $150mn invested in the last 10 years, according to a new study by MENA Research Partners (MRP), a leading research company in the region. The UAE and Saudi Arabia are expected to play a key role in unlocking the region's growth potential and shaping MENA’s Fintech sector, it stated. MRP suggests that both countries will be at the heart of the evolving Fintech transformation, powered by many factors: adopting a top-down approach for creating advanced infrastructures for smart cities of the future, having the highest online connectivity per capita in the region, and representing 45% of the MENA economies. (GulfBase.com)  Non-Saudi employment in internal trade rises 1.8% QoQ in 2Q2018 – The General Authority for Statistics has published results of internal trade survey for 2Q2018. Total number of
  • 4. Page 4 of 5 non-Saudi employees rose 1.8% QoQ to 1,250,985 in 2Q2018. The total number of Saudi employees rose 0.4% QoQ to 434,173 in 2Q2018. The total number of establishments fell 2.8% QoQ to 458,910 in 2Q2018. (Bloomberg)  Saudi Aramco strikes the biggest oil supply deal with China – State-run Saudi Aramco stated that it plans to make the biggest-ever deal with China, the world’s biggest oil importer, in 2019. Saudi Aramco has struck five oil supply agreements with Chinese companies that will help take the total to a peak of 1.67mn barrels of oil per day (bpd). It is being touted as the biggest ever buy from China. Analysts call it a boost to Saudi Arabia, as it has displaced supplies from Russia. (GulfBase.com)  Saudi Arabia’s oil output said to surge to record in early- November ahead of OPEC meet – Saudi Arabia’s oil production surged to a record near 11mn bpd in early-November after the Kingdom received stronger-than-usual demand from clients preparing for a disruption in Iranian supplies, according to industry executives who track Saudi Arabia’s oil output. Riyadh has been pumping about 10.8mn to 10.9mn bpd of crude, the same executives said. On some days, more than 11mn bpd was supplied to the market by drawing down domestic and overseas stockpiles. The International Oil Daily, a trade publication, reported Saudi Arabia’s production numbers. (Gulf-Times.com)  UAE’s foreign assets fall to AED327.1bn in October – The Central Bank of the UAE’s (CBUAE) total foreign assets fell to AED327.1bn in October 2018 from AED327.3bn in September 2018. Cash, bank balances and deposits with banks abroad rose by AED1.2bn to AED256.3bn in October. The CBUAE’s investment in foreign securities was unchanged at AED55.2bn in October. (Bloomberg)  Dana Gas, Crescent Petroleum log 30% hike in Kurdistan gas output – UAE-based Dana Gas, a top natural gas company, and its partner Crescent Petroleum, have recorded 30% increase in production capacity at the Khor Mor field in the Kurdistan Region of Iraq. The companies jointly operate the Khor Mor field on behalf of Pearl Petroleum. This production increase delivers much-needed gas supply to fuel power plants in the region. The expansion at the Khor Mor gas processing plant consisted of a series of plant additions and modifications to de- bottleneck throughput, raising output capacity from 305 million metric standard cubic meters per day (MMscfd) of natural gas to 400 MMscfd, with over 15,000 bpd of condensate. (GulfBase.com)  UAE’s watchdog not ready to license company to operate nuclear plant – The UAE’s Federal Authority for Nuclear Regulation is not ready to give the company that will run the country’s first nuclear plant a license to operate, a senior official said. The $24.4bn Barakah power plant is the world’s largest nuclear project under construction and will be the first in the Arab world. The plant, with four reactors, has total capacity of 5,600 megawatts (MW) of electricity. The operator, Nawah, has still to fulfill regulatory requirements, Christer Viktorsson, Director-General of the nuclear body, told a news conference. “We are continuing to review the application of the operator to start Barakah,” he said. “We are not ready to give the operating license yet; we are doing a review of the documents,” he added. The regulator is waiting for Nawah to declare itself technically and organizationally ready. (Reuters)  Mashreqbank facilitates refinancing debt of Arabtec Holdings – Arabtec Holding, which is working with Moelis & Co. on restructuring its debt, stated Mashreqbank is facilitating the refinancing. The refinancing would simplify the group’s existing term debt and provide a sustainable platform and debt structure for growth, Arabtec Holdings stated. (Bloomberg)  Investcorp launches strategic capital partners business – Investcorp, a leading manager of alternative investments, announced the launch of its Strategic Capital Partners strategy, which will focus on minority equity investments in mid-sized alternative asset managers. To guide the Strategic Capital Partners business, Investcorp has hired Anthony Maniscalco who has over 25 years of experience and was formerly Managing Director and Co-Head of Credit Suisse’s Anteil Capital Partners business. (Peninsula Qatar)
  • 5. Contacts Saugata Sarkar, CFA, CAIA Shahan Keushgerian Zaid al-Nafoosi, CMT, CFTe Head of Research Senior Research Analyst Senior Research Analyst Tel: (+974) 4476 6534 Tel: (+974) 4476 6509 Tel: (+974) 4476 6535 saugata.sarkar@qnbfs.com.qa shahan.keushgerian@qnbfs.com.qa zaid.alnafoosi@qnbfs.com.qa QNB Financial Services Co. W.L.L. Contact Center: (+974) 4476 6666 PO Box 24025 Doha, Qatar Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services Co. W.L.L. (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (Q.P.S.C.). QNBFS is regulated by the Qatar Financial Markets Authority and the Qatar Exchange. Qatar National Bank (Q.P.S.C.) is regulated by the Qatar Central Bank. This publication expresses the views and opinions of QNBFS at a given time only. It is not an offer, promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or financial advice. QNBFS accepts no liability whatsoever for any direct or indirect losses arising from use of this report. Any investment decision should depend on the individual circumstances of the investor and be based on specifically engaged investment advice. We therefore strongly advise potential investors to seek independent professional advice before making any investment decision. Although the information in this report has been obtained from sources that QNBFS believes to be reliable, we have not independently verified such information and it may not be accurate or complete. QNBFS does not make any representations or warranties as to the accuracy and completeness of the information it may contain, and declines any liability in that respect. For reports dealing with Technical Analysis, expressed opinions and/or recommendations may be different or contrary to the opinions/recommendations of QNBFS Fundamental Research as a result of depending solely on the historical technical data (price and volume). QNBFS reserves the right to amend the views and opinions expressed in this publication at any time. It may also express viewpoints or make investment decisions that differ significantly from, or even contradict, the views and opinions included in this report. This report may not be reproduced in whole or in part without permission from QNBFS. COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS. Page 5 of 5 Rebased Performance Daily Index Performance Source: Bloomberg Source: Bloomberg ( # Data as of November 19, 2018) Source: Bloomberg Source: Bloomberg (*$ adjusted returns) 45.0 70.0 95.0 120.0 Oct-14 Oct-15 Oct-16 Oct-17 Oct-18 QSEIndex S&P Pan Arab S&P GCC 0.1% 0.2% 0.3% 0.6% 0.0% (0.4%) 0.2% (0.5%) 0.0% 0.5% 1.0% SaudiArabia Qatar Kuwait Bahrain Oman# AbuDhabi Dubai Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%* Gold/Ounce 1,226.05 0.4 0.4 (5.9) MSCI World Index 1,984.73 0.4 (2.3) (5.6) Silver/Ounce 14.51 1.3 0.7 (14.4) DJ Industrial 24,464.69 (0.0) (3.7) (1.0) Crude Oil (Brent)/Barrel (FM Future) 63.48 1.5 (4.9) (5.1) S&P 500 2,649.93 0.3 (3.2) (0.9) Crude Oil (WTI)/Barrel (FM Future) 54.63 2.2 (3.2) (9.6) NASDAQ 100 6,972.25 0.9 (3.8) 1.0 Natural Gas (Henry Hub)/MMBtu 4.70 (2.1) 9.3 52.1 STOXX 600 355.07 1.3 (0.9) (13.5) LPG Propane (Arab Gulf)/Ton 73.50 1.0 (8.0) (25.8) DAX 11,244.17 1.8 (1.0) (17.5) LPG Butane (Arab Gulf)/Ton 75.75 1.3 (7.1) (30.2) FTSE 100 7,050.23 1.4 0.2 (13.3) Euro 1.14 0.1 (0.3) (5.2) CAC 40 4,975.50 1.2 (1.1) (11.2) Yen 113.06 0.3 0.2 0.3 Nikkei 21,507.54 (0.6) (0.9) (5.9) GBP 1.28 (0.1) (0.4) (5.4) MSCI EM 975.04 0.3 (1.1) (15.8) CHF 1.01 0.0 0.5 (2.0) SHANGHAI SE Composite 2,651.51 0.5 (0.9) (24.7) AUD 0.73 0.7 (0.9) (7.0) HANG SENG 25,971.47 0.5 (0.8) (13.4) USD Index 96.71 (0.1) 0.3 5.0 BSE SENSEX 35,199.80 (0.3) 0.3 (7.2) RUB 65.68 (0.7) (0.5) 14.0 Bovespa 87,268.80 (1.3) (2.5) (0.2) BRL 0.26 (0.9) (1.4) (12.8) RTS 1,127.42 0.9 (0.7) (2.3) 75.5 74.8 73.1