The QSE Index in Qatar declined 0.3% to close at 11,837.7 led by losses in the Industrials and Insurance indices. Qatar General Insurance & Reinsurance Co. and Dlala Brokerage & Investments Holding Co. were the top losers, falling 2.6% and 2.1% respectively. Volume of shares traded fell by 40.3% compared to the previous day. Regional indices were mixed with Saudi Arabia down 0.5% while Abu Dhabi rose 0.1%.
The QSE Index in Qatar declined slightly by 0.1% while indices in other Gulf markets were mixed, with Saudi Arabia falling but other markets rising. In Qatar, losses were led by the Banks & Financial Services and Industrials indices, with Islamic Holding Group and Mannai Corp as the top losers. Volume traded on the QSE fell compared to the previous day and 30-day average.
- The QSE Index in Qatar declined slightly by 0.1% due to losses in the insurance and telecom indices. Al Ahli Bank and Qatar Insurance Co. were the top losers.
- Regional markets were mixed with Saudi Arabia down 3.0% but Oman up 0.1%. Losses in insurance, real estate and banking stocks weighed on many markets.
- By volume, Vodafone Qatar and Qatar Gas Transport Co. were most active on the Qatari exchange. Overall trading volume declined compared to the previous day and 30-day average.
The QSE Index in Qatar declined 0.3% while indices in other GCC countries were mixed, with Saudi Arabia falling 1% and Kuwait rising 0.4%. Real estate and telecom stocks weighed on Qatar, with Qatar General Insurance and Mazaya Qatar Real Estate declining the most. Trading volume in Qatar rose 11% compared to the previous day.
QNBFS Daily Market Report October 17, 2021QNB Group
The QE Index rose 0.5% to close at 11,663.6. Gains were led by the Industrials and Banks & Financial Services indices, gaining 0.9% and 0.6%, respectively.
The QSE Index declined 0.7% led by losses in the Insurance and Real Estate indices. Qatar General Insurance and Al Khalij Commercial Bank were the top losers, falling 2.3% and 2.0% respectively. Meanwhile, Ahli Bank rose 4.7% to lead the top gainers. Overall trading volume fell 59.3% compared to the previous day. Globally, Chinese exports and imports data for May came in weaker than expected, with exports falling 2.8% year-over-year and imports declining 18.1%.
QNBFS Daily Market Report October 18, 2021QNB Group
The QE Index rose 0.8% to close at 11,751.4. Gains were led by the Banks & Financial Services and Industrials indices, gaining 1.1% and 0.8%, respectively.
QNBFS Daily Market Report August 11, 2020QNB Group
The QE Index rose 0.2% to close at 9,417.9. Gains were led by the Industrials and Consumer Goods & Services indices, gaining 1.0% and 0.3%, respectively.
The QSE Index in Qatar declined slightly by 0.1% while indices in other Gulf markets were mixed, with Saudi Arabia falling but other markets rising. In Qatar, losses were led by the Banks & Financial Services and Industrials indices, with Islamic Holding Group and Mannai Corp as the top losers. Volume traded on the QSE fell compared to the previous day and 30-day average.
- The QSE Index in Qatar declined slightly by 0.1% due to losses in the insurance and telecom indices. Al Ahli Bank and Qatar Insurance Co. were the top losers.
- Regional markets were mixed with Saudi Arabia down 3.0% but Oman up 0.1%. Losses in insurance, real estate and banking stocks weighed on many markets.
- By volume, Vodafone Qatar and Qatar Gas Transport Co. were most active on the Qatari exchange. Overall trading volume declined compared to the previous day and 30-day average.
The QSE Index in Qatar declined 0.3% while indices in other GCC countries were mixed, with Saudi Arabia falling 1% and Kuwait rising 0.4%. Real estate and telecom stocks weighed on Qatar, with Qatar General Insurance and Mazaya Qatar Real Estate declining the most. Trading volume in Qatar rose 11% compared to the previous day.
QNBFS Daily Market Report October 17, 2021QNB Group
The QE Index rose 0.5% to close at 11,663.6. Gains were led by the Industrials and Banks & Financial Services indices, gaining 0.9% and 0.6%, respectively.
The QSE Index declined 0.7% led by losses in the Insurance and Real Estate indices. Qatar General Insurance and Al Khalij Commercial Bank were the top losers, falling 2.3% and 2.0% respectively. Meanwhile, Ahli Bank rose 4.7% to lead the top gainers. Overall trading volume fell 59.3% compared to the previous day. Globally, Chinese exports and imports data for May came in weaker than expected, with exports falling 2.8% year-over-year and imports declining 18.1%.
QNBFS Daily Market Report October 18, 2021QNB Group
The QE Index rose 0.8% to close at 11,751.4. Gains were led by the Banks & Financial Services and Industrials indices, gaining 1.1% and 0.8%, respectively.
QNBFS Daily Market Report August 11, 2020QNB Group
The QE Index rose 0.2% to close at 9,417.9. Gains were led by the Industrials and Consumer Goods & Services indices, gaining 1.0% and 0.3%, respectively.
The QSE Index in Qatar declined 0.3% as losses in the Banks and Real Estate indices weighed on the market. Zad Holding and Islamic Holding Group were the top losers. Meanwhile, indices in other Gulf markets were mixed, with Saudi Arabia and Kuwait gaining slightly while Oman declined marginally. Earnings news featured results from companies like Tabreed and Ooredoo Oman, while economic data showed the US GDP grew less than expected in Q3 2015.
- The QE index in Qatar declined 0.5% due to losses in the telecom and industrial indices. Ezdan Holding Group and Qatari Investors Group were the top losers.
- Volume of shares traded fell 3.2% but was higher than the 30-day moving average.
- CBQK's 2Q2014 profit missed estimates due to higher-than-expected provisions, though core banking income was healthy with net interest income up 5.1% quarter-over-quarter.
QNBFS Daily Market Report February 13, 2022QNB Group
The QE Index declined 0.1% to close at 12,808.9. Losses were led by the Real Estate and Banks & Financial Services indices, falling 0.8% and 0.4%, respectively.
QNBFS Daily Market Report September 29, 2021QNB Group
The QE Index rose 0.7% to close at 11,386.5. Gains were led by the Industrials and Consumer Goods & Services indices, gaining 2.0% and 0.4%, respectively.
The QE Index declined 0.7% to close at 10,696.3. Losses were led by the Industrials and Banks & Financial Services indices, falling 0.9% and 0.8%, respectively.
QNBFS Daily Market Report October 12, 2021QNB Group
The QE Index in Qatar rose 0.1% driven by gains in the Insurance and Industrials indices. Gulf International Services and Mannai Corporation were the top gainers. Doha Insurance Group and Ooredoo declined. Trading volume increased 29.1% compared to the previous day. Regional indices were mixed with Abu Dhabi up 0.7% and Saudi Arabia down 0.5%. Several Qatar companies announced earnings release and AGM dates.
QNBFS Daily Market Report January 05, 2022QNB Group
The QE Index rose 0.4% to close at 11,713.8. Gains were led by the Industrials and Consumer Goods & Services indices, gaining 0.7% and 0.5%, respectively
The QSE Index fell 1.1% led by declines in the Telecom and Real Estate indices. Barwa Real Estate and Qatar Gen. Ins. & Reins. Co. were the top losers, falling 5.0% and 4.5% respectively. In regional markets, Saudi Arabia's TASI index declined the most, falling 3.2%. Qatar's PPI fell 36.2% YoY in May due to lower crude and gas prices. AKHI's net profit declined 76.7% QoQ due to lower investment gains.
QNBFS Daily Market Report November 11, 2018QNB Group
The QSE Index in Qatar rose 1.1% led by gains in the Consumer Goods & Services and Banks & Financial Services indices. Qatar Cinema & Film Distribution Company and Qatar Fuel Company were the top gainers rising 9.6% and 4.5% respectively. Regional indices were mixed with Abu Dhabi up 0.3% while Saudi Arabia fell 0.6%.
The QE index rose 0.7% led by gains in the telecom and real estate indices. Qatar Islamic Insurance and Barwa Real Estate were the top gainers while Zad Holding and Islamic Holding Group declined the most. Trading volume rose compared to the previous day but was lower than the 30-day average. The market rose due to buying from non-Qatari investors despite selling from Qatari shareholders.
The QE Index declined 0.4% to close at 13,628.9. Losses were led by the Industrials and Consumer Goods & Services indices, falling 0.5% and 0.3%, respectively.
QNBFS Daily Market Report August 23, 2021QNB Group
The QE Index rose 0.4% to close at 11,078.5. Gains were led by the Industrials and Banks & Financial Services indices, gaining 0.4% and 0.3%, respectively.
The QE Index in Qatar declined 0.9% due to losses in the Telecom and Transportation indices. Dlala Brokerage and Gulf Warehousing were the top losers, falling 7% and 5% respectively. Qatari German for Medical Devices gained 4.3% and was a top gainer. Trading volume on the QE Index rose 5% from the previous day. Other GCC markets also saw declines, with Saudi Arabia down 0.9% and Dubai down 2.2%.
The QE Index rose 1.5% to close at 14,089.5. Gains were led by the Banks & Financial Services and Industrials indices, gaining 2.6% and 1.3%, respectively.
Cómo tomar decisiones eficaces de cobro sin perder clientesSage España
María Barriocanal, Product Manager Tesorería de Sage España, firma este reportaje sobre como prevenir la morosidad disponiendo de una política comercial concreta y conociendo mejor a los clientes.
The QSE Index in Qatar declined 0.3% as losses in the Banks and Real Estate indices weighed on the market. Zad Holding and Islamic Holding Group were the top losers. Meanwhile, indices in other Gulf markets were mixed, with Saudi Arabia and Kuwait gaining slightly while Oman declined marginally. Earnings news featured results from companies like Tabreed and Ooredoo Oman, while economic data showed the US GDP grew less than expected in Q3 2015.
- The QE index in Qatar declined 0.5% due to losses in the telecom and industrial indices. Ezdan Holding Group and Qatari Investors Group were the top losers.
- Volume of shares traded fell 3.2% but was higher than the 30-day moving average.
- CBQK's 2Q2014 profit missed estimates due to higher-than-expected provisions, though core banking income was healthy with net interest income up 5.1% quarter-over-quarter.
QNBFS Daily Market Report February 13, 2022QNB Group
The QE Index declined 0.1% to close at 12,808.9. Losses were led by the Real Estate and Banks & Financial Services indices, falling 0.8% and 0.4%, respectively.
QNBFS Daily Market Report September 29, 2021QNB Group
The QE Index rose 0.7% to close at 11,386.5. Gains were led by the Industrials and Consumer Goods & Services indices, gaining 2.0% and 0.4%, respectively.
The QE Index declined 0.7% to close at 10,696.3. Losses were led by the Industrials and Banks & Financial Services indices, falling 0.9% and 0.8%, respectively.
QNBFS Daily Market Report October 12, 2021QNB Group
The QE Index in Qatar rose 0.1% driven by gains in the Insurance and Industrials indices. Gulf International Services and Mannai Corporation were the top gainers. Doha Insurance Group and Ooredoo declined. Trading volume increased 29.1% compared to the previous day. Regional indices were mixed with Abu Dhabi up 0.7% and Saudi Arabia down 0.5%. Several Qatar companies announced earnings release and AGM dates.
QNBFS Daily Market Report January 05, 2022QNB Group
The QE Index rose 0.4% to close at 11,713.8. Gains were led by the Industrials and Consumer Goods & Services indices, gaining 0.7% and 0.5%, respectively
The QSE Index fell 1.1% led by declines in the Telecom and Real Estate indices. Barwa Real Estate and Qatar Gen. Ins. & Reins. Co. were the top losers, falling 5.0% and 4.5% respectively. In regional markets, Saudi Arabia's TASI index declined the most, falling 3.2%. Qatar's PPI fell 36.2% YoY in May due to lower crude and gas prices. AKHI's net profit declined 76.7% QoQ due to lower investment gains.
QNBFS Daily Market Report November 11, 2018QNB Group
The QSE Index in Qatar rose 1.1% led by gains in the Consumer Goods & Services and Banks & Financial Services indices. Qatar Cinema & Film Distribution Company and Qatar Fuel Company were the top gainers rising 9.6% and 4.5% respectively. Regional indices were mixed with Abu Dhabi up 0.3% while Saudi Arabia fell 0.6%.
The QE index rose 0.7% led by gains in the telecom and real estate indices. Qatar Islamic Insurance and Barwa Real Estate were the top gainers while Zad Holding and Islamic Holding Group declined the most. Trading volume rose compared to the previous day but was lower than the 30-day average. The market rose due to buying from non-Qatari investors despite selling from Qatari shareholders.
The QE Index declined 0.4% to close at 13,628.9. Losses were led by the Industrials and Consumer Goods & Services indices, falling 0.5% and 0.3%, respectively.
QNBFS Daily Market Report August 23, 2021QNB Group
The QE Index rose 0.4% to close at 11,078.5. Gains were led by the Industrials and Banks & Financial Services indices, gaining 0.4% and 0.3%, respectively.
The QE Index in Qatar declined 0.9% due to losses in the Telecom and Transportation indices. Dlala Brokerage and Gulf Warehousing were the top losers, falling 7% and 5% respectively. Qatari German for Medical Devices gained 4.3% and was a top gainer. Trading volume on the QE Index rose 5% from the previous day. Other GCC markets also saw declines, with Saudi Arabia down 0.9% and Dubai down 2.2%.
The QE Index rose 1.5% to close at 14,089.5. Gains were led by the Banks & Financial Services and Industrials indices, gaining 2.6% and 1.3%, respectively.
Cómo tomar decisiones eficaces de cobro sin perder clientesSage España
María Barriocanal, Product Manager Tesorería de Sage España, firma este reportaje sobre como prevenir la morosidad disponiendo de una política comercial concreta y conociendo mejor a los clientes.
The document contains a collection of quotes from experts and notable figures on the topics of consultants, specialists, and expertise. A consultant helps others solve their problems rather than doing it for them. Experts risk becoming too narrow in their focus and detached from practical realities. True expertise requires a broad understanding of a subject rather than an overly specialized knowledge of a narrow part of it. Specialists must avoid getting stuck in rigid routines and instead stay open to new perspectives.
Doctor Sadgun Bhandari - Management of Aggression - Dr. Sadgun Bhandari is a General Psychiatrist Consultant and an expert at the management of Serious Mental Illness especially Schizophrenia and Bipolar Affective Disorder.
El documento describe la construcción de diferentes figuras geométricas como puntos, rectas, segmentos, triángulos y cuadrados utilizando las herramientas de GeoGebra. Se explican los pasos para construir cada figura y se definen conceptos como punto, recta y segmento. Adicionalmente, se pide realizar ejercicios identificando y clasificando triángulos según sus lados y ángulos.
Este documento analiza la evasión tributaria en América Latina, enfocándose en la evasión del impuesto a la renta en siete países de la región. Presenta un análisis regional de la tributación directa y la evasión, y estudios de caso detallados sobre Argentina, Chile, Ecuador, El Salvador, Guatemala, México y Perú. Cada estudio de caso describe el sistema tributario del país, analiza la tributación directa e impuestos a la renta, y estima la evasión en estos impuestos utilizando diferentes metodologías.
Historical Simulation with Component Weight and Ghosted Scenariossimonliuxinyi
This document proposes two strategies to improve historical simulation (HS) for calculating Value-at-Risk (VaR): 1) A "ghosted scenario" approach that doubles the number of scenarios by treating the reflection of each historical return as a separate scenario. 2) A two-component EWMA scheme that assigns different weights to recent vs. older scenarios to balance response speed and use of historical data. The strategies aim to address deficiencies in HS like under-responsiveness to recent events and issues with insufficient data. An integrated approach combining ghosted scenarios and the two-component EWMA is presented as improving HS while imposing only minor additional computational costs.
Los aspectos legales del cloud computingCIT Marbella
José Antonio Ruiz, Director de Ruiz Milanés Abogados nos habló de los aspectos legales del cloud computing durante la I jornada Tecnológica Avanzada sobre la Seguridad en la Red el pasado 2 de octubre de 2012 en el Palacio de Ferias y Congresos de Marbella.
Este documento presenta una breve guía para los peregrinos de la XXVI Jornada Mundial de la Juventud que se celebrará en Madrid. Incluye información sobre qué es la Jornada Mundial de la Juventud, datos sobre España y la archidiócesis de Madrid, detalles sobre vida consagrada, movimientos y patronos locales, y hace referencia a la Jornada Mundial de la Juventud de 1989 en Santiago de Compostela. El objetivo es dar la bienvenida a los peregrinos y proporcionar información práctica para su estancia
This document provides a survey of iris segmentation algorithms that have been developed. It discusses the importance of accurate iris segmentation to the effectiveness of iris recognition systems. The major existing iris segmentation techniques are Daugman's integro-differential operator method and Wildes' Hough transform-based approach. The document reviews several iris segmentation algorithms from literature and identifies some limitations, including that much work still needs to be done on segmenting black irises accurately.
Un diagrama de clases representa las relaciones entre las clases de un sistema, se diseñan los componentes del sistema y se protegen los datos para reducir el acoplamiento. Genera código automáticamente y propone soluciones a errores.
Empirical stands of business succesion among african owned business kenya 4John Johari
The document discusses arguments for and against family businesses adopting practices that make them operate more like nonfamily businesses, a process called "professionalization." It notes that while there are perceived advantages to professionalization, many family firms fail to fully adopt these practices or do so only partially. The document then examines different possible "modes" or types of professionalization family firms may adopt, from minimal changes to more fully hybridizing family and nonfamily business models. It concludes by calling for more research that considers this variety in professionalization among family firms.
1) El documento describe diferentes formas de robo de datos y fraude cibernético como el phishing, y recomienda implementar herramientas de seguridad y tener cuidado con los pop ups. 2) Explica qué son los virus informáticos, cómo se propagan e infectan otros archivos, y cómo eliminarlos usando programas antivirus. 3) Detalla varias leyes y normativas que regulan el comercio electrónico en España como la LOPD, LSSICE y otras.
Este documento presenta las siguientes secciones:
1. Una entrevista con Peter A. Diamond, ganador del Premio Nobel de Economía en 2010, sobre ideas para hacer viable la Unión Europea.
2. Opiniones de expertos sobre temas de liderazgo, gestión y economía de Luis Alberto Lacalle, Margaret J. Wheatley, Fernando Amenedo, Jaime García Crespo, Ignacio Mosso y otros.
3. Artículos y entrevistas sobre alternativas de inversión, educación, comunicación comercial y otros temas.
4. Información sobre la rev
IMPLICACIONES PARA LOS PLANES DE ESTUDIO DE LA COMPETENCIA INTERCULTURAL EN L...ProfessorPrincipiante
En este artículo se reflexiona sobre la competencia intercultural en la formación
de los profesores principiantes y sobre la necesidad de su incorporación en los
planes de estudio. Dado el cambio demográfico de nuestra sociedad, la
incorporación de la competencia intercultural en el plan de estudios es
relevante y esencial en su preparación para la práctica cultural eficaz.
Tradicionalmente las habilidades académicas han prevalecido en el curriculum
de nuestras enseñanzas olvidándose la importancia de desarrollar procesos
como los que implica la competencia intercultural. La existencia de una
sociedad multicultural hace estratégico el desarrollo de la competencia
intercultural para lograr que los profesores principiantes sean capaces de
desenvolverse eficazmente en contextos cada vez más complejos y
multiculturales.
Puesto que la competencia intercultural se utiliza como la perspectiva teórica
principal dentro de esta comunicación, en ella se discute definiciones,
componentes y las etapas para clarificar el proceso de desarrollo de
aprendizaje de la competencia intercultural.
El documento describe las diferentes partes que componen una estructura organizativa y su interrelación. Explica que una estructura organizativa está compuesta por tareas, puestos de trabajo y unidades, y define las relaciones entre estos elementos. También analiza la estructura organizativa de la Coalición Niños de Sta. Genoveva, la cual tiene un consejo coordinador, comités de acción y fuerzas de trabajo, y describe cómo fluye la información y autoridad entre estos niveles.
This white paper assembles a wide range of tactics and information regarding deliverability into five core best practices to help marketers get up to speed quickly with the constantly changing deliverability landscape and key strategies for improving results.
Fernando Nogales - Una alternativa liberal a la educación estataljuandemariana
La educación estatal ha generado múltiples desajustes sociales debido a su intervencionismo. Una alternativa liberal propone una educación libre basada en mercados competitivos sin intervención estatal, donde las familias y escuelas tengan el control. Los economistas clásicos apoyaban una educación privada. Un sistema de educación liberal respetaría la diversidad de valores en una sociedad abierta y promovería la libertad individual, eficiencia y autonomía familiar frente a la uniformidad.
The QE index in Qatar rose 1.8% led by gains in the banking and industrial indices. Vodafone Qatar and Mesaieed Petrochem were the top gainers rising 7.9% and 6.4% respectively, while Zad Holding fell 2.5%. Trading volume on the QE index increased 16% compared to the previous day. Regional indices were mixed with Saudi Arabia and Abu Dhabi rising marginally while Dubai and Bahrain declined. Earnings results were reported from companies in the UAE, Oman, and Bahrain. Global economic data showed mixed results with US retail sales and industrial production missing estimates.
QNBFS Daily Market Report September 08, 2019QNB Group
The QE Index declined 0.4% to close at 10,253.2. Losses were led by the Real Estate
and Banks & Financial Services indices, falling 1.5% and 1.0%, respectively.
The QE index in Qatar rose 1.5% led by gains in the transportation and industrials indices. Islamic Holding Group and Qatar National Cement Co. were the top gainers rising 10% and 8.5% respectively. Regional markets were mixed with Saudi and Kuwait rising while Dubai and Abu Dhabi declined. Global consumer price inflation data was higher than expected in the US while economic sentiment improved in the Eurozone.
The QSE Index declined 0.7% led by losses in the Industrials and Insurance indices. Islamic Holding Group and Doha Insurance Co. were the top losers falling 4.4% and 3.5% respectively, while Ahli Bank gained 3.1%. Regional markets were also mostly down, with Saudi Arabia's TASI index falling 2.7% and Dubai's DFM index declining 1.6%. Earnings reports from various companies were mixed with some Saudi firms such as SEC reporting growth but others such as Rabigh Refining reporting losses.
- The QSE Index in Qatar declined 3.0% due to losses in the real estate and insurance indices. Top losers were Qatar Islamic Insurance Co. and Gulf International Services, falling 7.1% and 6.3% respectively.
- Stock markets in other GCC countries also declined, with Saudi Arabia's TASI index falling 4.5% and Dubai's DFM index down 3.4%. Top losers in Saudi Arabia included United Int. Transport and Al Tayyar Travel, down 9.7% each.
- Trading activity on the QSE rose significantly compared to the previous day, though remained slightly below the 30-day average. Gulf International Services and Ezdan Holding Group were the
The QSE Index gained 0.8% led by the Telecom and Industrial indices. Industries Qatar and Dlala Brokerage rose the most while Doha Insurance fell the most. Regional markets were mixed with Saudi rising the most. Earnings were reported from various companies in Saudi Arabia, Oman and other markets. Global economic data was mixed with French and German industrial production rising but UK trade balance widening.
The QSE Index in Qatar gained 0.2% driven by gains in the Transportation and Telecom indices. Qatar Islamic Bank and Gulf Warehousing Co. were the top gainers. Regional markets were mixed with Saudi Arabia and Kuwait up while Dubai declined marginally. Earnings reports from companies in Saudi Arabia, UAE, Oman and Bahrain were also included in the daily market commentary report.
The QSE Index in Qatar declined 1.4% led by losses in the real estate and consumer goods indices. Top losers were Gulf International Services falling 6.1% and Qatari Investors Group down 5.9%. Trading volume rose 14.6% compared to the previous day. Regional indices were also mostly down, with Saudi Arabia declining 2.9% and Dubai down 2.6%. Earnings news included several UAE insurance and real estate companies reporting results.
QNBFS Daily Market Report October 18, 2020QNB Group
The QE Index declined 0.3% to close at 9,999.5. Losses were led by the Insurance and Consumer Goods & Services indices, falling 1.0% and 0.8%, respectively.
QNBFS Daily Market Report November 13, 2022QNB Group
The QE Index declined 0.8% to close at 12,557.3. Losses were led by the Banks & Financial Services and Transportation indices, falling 1.1% and 1.0%, respectively.
The QSE Index rose marginally to close at 11,913.6, led by gains in the Real Estate and Consumer Goods & Services indices. Top gainers were United Development Co. and Qatar German Co for Medical Dev., rising 3.4% and 1.5% respectively. Meanwhile, Ahli Bank fell 3.6% and Qatar Electricity & Water Co. declined 1.4%. Volume of shares traded rose 50.9% compared to the previous day. Regional indices were mostly lower except for Bahrain which gained marginally. Earnings news included Milaha's net profit surging 69.6% YoY but declining 21.4% QoQ in 2Q2015.
QNBFS Daily Market Report November 15, 2016tQNB Group
The QSE Index in Qatar declined 1.3% due to losses in the real estate and transportation indices. Islamic Holding Group and Qatar National Cement Co. were the top losers, falling 3.6% and 3.5% respectively. Trading volume fell 22.4% compared to the previous day. Regional indices also declined, with the UAE markets of Dubai and Abu Dhabi falling 0.9% and 1.2% respectively, and Saudi Arabia down 0.5%.
- The QSE Index declined 0.6% led by declines in the Real Estate and Telecom indices. Mannai Corporation and Qatar Islamic Insurance Company fell 3.7% each.
- Saudi Arabia's TASI index rose 1.3% led by gains in the Energy and Materials indices. Dubai's DFM index fell 0.3% with declines in the Services and Real Estate indices.
- Ezdan Holding Group announced it will hold its EGM on July 23, with an alternate date of August 15 if quorum is not reached.
The QSE Index in Qatar declined 0.6% on lower indices in Industrials and Real Estate. Trading volume also declined. In other GCC markets, Saudi Arabia fell 1.1% while Dubai rose 0.7%. Most other indices declined marginally or were flat. Regional company earnings updates and global economic indicators were also included in the document.
The QSE Index declined 0.7% led by losses in the Insurance and Real Estate indices. Qatar General Insurance and Al Khalij Commercial Bank were the top losers, falling 2.3% and 2.0% respectively, while Ahli Bank rose 4.7% to be a top gainer. Trading volume fell 59.3% compared to the previous day. Globally, Chinese exports and imports data for May came in weaker than expected year-over-year, with exports falling 2.5% and imports dropping 17.6%.
The QE Index rose 0.8% to close at 10,777.7. Gains were led by the Banks & Financial Services and Industrials indices, gaining 1.1% and 0.7%, respectively.
The QSE Index declined marginally to close at 10,245.9 led by losses in the Industrials and Telecoms indices. Qatar Industrial Manufacturing Co. and Aamal Co. were the top losers falling 3.3% and 1.9% respectively, while Gulf Warehousing Co. rose 5.2% to be a top gainer. Trading volume fell 42.5% compared to the previous day. Regional indices in Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain rose, while Qatari shareholders sold shares despite buying from non-Qatari and GCC investors.
The QSE Index declined 0.4% as the Banks & Financial Services and Real Estate indices fell. Islamic Holding Group and Dlala Brokerage & Investment Holding Company were the top losers. Zad Holding Company and Al Meera Consumer Goods Company were among the top gainers. Trading volume on the QSE rose 97.1% compared to the previous day but was lower than the 30-day moving average.
QNBFS Daily Market Report December 24, 2023QNB Group
The QE Index rose 0.8% to close at 10,285.3. Gains were led by the Transportation and Banks & Financial Services indices, gaining 1.4% and 1.2%, respectively.
QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...QNB Group
The document provides a daily technical analysis of the QE Index and QATAR INSURANCE CO stock. For the QE Index, it notes the index remains in a downtrend but is approaching a support level of 9,700, where long positions could be taken. It provides expected resistance and support levels. For QATAR INSURANCE CO stock, it notes the stock has not fallen as much as others and the uptrend remains intact above moving averages, though liquidity is low. It provides expected price targets and resistance/support levels for the stock. Definitions of technical analysis terms like candlesticks, support, and simple moving average are also included.
QNBFS Daily Market Report October 04, 2023QNB Group
The QE Index rose 0.2% to close at 10,273.3. Gains were led by the Transportation and Consumer Goods & Services indices, gaining 1.7% and 0.1%, respectively.
QNBFS Daily Technical Trader Qatar - October 04, 2023 التحليل الفني اليومي لب...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Technical Trader Qatar - September 28, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Market Report September 24, 2023QNB Group
- The QE Index in Qatar rose 0.3% led by gains in the Transportation and Industrials indices. Qatar Navigation and Al Khaleej Takaful Insurance were the top gainers.
- Regional markets were mixed with Saudi Arabia down 1% but Abu Dhabi up marginally. Economic data from the US and Europe was mixed.
- In Qatar news, QR500mn in bills were sold at a yield of 5.755% and Gulf International Services approved final merger agreements. Ooredoo also signed an MoU to support businesses in Qatar free zones.
QNBFS Daily Technical Trader Qatar - September 24, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Technical Trader Qatar - September 19, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Market Report September 17, 2023QNB Group
The QE Index declined 0.5% to close at 10,319.3. Losses were led by the Industrials and Consumer Goods & Services indices, falling 1.4% and 1.1%, respectively.
QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to
sustain its breakout above the
double-bottom formation’s
neckline and continued with
its decline into the
formation’s territory.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
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Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
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Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
1. Page 1 of 9
QSE Intra-Day Movement
Qatar Commentary
The QSE Index declined 0.3% to close at 11,837.7. Losses were led by the Industrials and
Insurance indices, falling 0.6% each. Top losers were Qatar General Insurance &
Reinsurance Co. and Dlala Brokerage & Investments Holding Co., falling 2.6% and 2.1%,
respectively. Among the top gainers, Medicare Group gained 2.0%, while Gulf
Warehousing Co. was up 1.4%.
GCC Commentary
Saudi Arabia: The TASI Index fell 0.5% to close at 7,776.7. Losses were led by the
Transport and Real Estate Dev. indices, falling 1.3% and 0.9%, respectively. Saudi
International Petrochem. fell 3.6%, while Saudi Ground Services was down 3.5%.
Dubai: The DFM Index declined 0.3% to close at 3,712.1. The Transportation index fell
1.0% and Banks index declined 0.9%, respectively. Dubai Islamic Bank declined 1.9%,
while Al-Madina for Finance and Investment Co. was down 1.8%.
Abu Dhabi: The ADX benchmark index rose marginally to close at 4,564.4. The
Telecommunication index gained 1.3%, while the Real Estate rose 0.4%. Bank of
Sharjah gained 1.9%, while RAK Properties was up 1.6%.
Kuwait: The KSE Index declined marginally to close at 5,731.3. The Technology index
fell 2.5%, while the Banks index declined 0.7%. Kuwait Cable Vision fell 8.5%, while
Automated Systems Co. was down 6.7%.
Oman: The MSM Index fell 0.6% to close at 5,929.0. Losses were led by the Industrial
and Services indices, falling 0.8% and 0.3%, respectively. HSBC Bank Oman fell 4.1%,
while National Gas was down 3.7%.
Bahrain: The BHB Index declined 0.2% to close at 1,249.3. The Hotel & Tourism index
fell 1.3%, while the Investment index declined 0.9%. United Gulf Bank fell 6.3%, while
Gulf Hotel Group was down 1.8%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Medicare Group 177.30 2.0 2.6 51.5
Gulf Warehousing Co. 63.20 1.4 37.3 22.8
Mesaieed Petrochemical Hold. Co. 21.80 1.1 612.1 (26.1)
Commercial Bank 56.90 1.1 120.5 (8.6)
Ahli Bank 49.50 1.0 2.0 (0.3)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Vodafone Qatar 14.98 (0.1) 646.0 (8.9)
Mesaieed Petrochemical Hold. Co. 21.80 1.1 612.1 (26.1)
Ezdan Holding Group 19.90 0.0 542.9 33.4
Mazaya Qatar Real Estate Dev. 16.70 (1.5) 417.6 (8.4)
Masraf Al Rayan 44.40 0.0 382.5 0.5
Market Indicators 13 Oct 15 12 Oct 15 %Chg.
Value Traded (QR mn) 218.7 343.4 (36.3)
Exch. Market Cap. (QR mn) 620,658.2 622,264.1 (0.3)
Volume (mn) 5.2 8.7 (40.3)
Number of Transactions 3,887 5,418 (28.3)
Companies Traded 41 38 7.9
Market Breadth 9:25 23:12 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 18,400.02 (0.3) 0.7 0.4 12.1
All Share Index 3,145.61 (0.3) 0.7 (0.2) 12.2
Banks 3,168.28 (0.0) 0.5 (1.1) 12.8
Industrials 3,551.63 (0.6) 1.2 (12.1) 12.9
Transportation 2,490.12 0.3 (0.3) 7.4 12.1
Real Estate 2,832.44 (0.4) 0.7 26.2 9.0
Insurance 4,673.76 (0.6) (0.5) 18.1 12.4
Telecoms 1,068.79 (0.3) 2.5 (28.1) 30.1
Consumer 6,807.81 (0.3) 1.0 (1.4) 15.1
Al Rayan Islamic Index 4,503.26 (0.4) 1.1 9.8 13.1
GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD%
Nama Chemicals Co. Saudi Arabia 9.70 7.4 11,589.8 (9.3)
Bank Nizwa Oman 0.07 2.9 7,970.3 (11.2)
Saudi Electricity Co. Saudi Arabia 17.97 2.7 2,899.1 20.6
Burgan Bank Kuwait 0.40 2.6 709.7 (12.5)
Saudi Kayan Petro. Co. Saudi Arabia 10.10 2.5 13,416.2 (7.9)
GCC Top Losers## Exchange Close# 1D% Vol. ‘000 YTD%
Comm. Bank of Kuwait Kuwait 0.51 (5.6) 86.8 (19.0)
HSBC Bank Oman Oman 0.12 (4.1) 788.9 (17.7)
United Real Estate Co. Kuwait 0.09 (4.1) 11.0 (7.0)
National Real Est. Co. Kuwait 0.08 (3.8) 425.4 (38.8)
Saudi International Saudi Arabia 21.87 (3.6) 865.5 (17.6)
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 General Insur. & Reins. Co. 56.40 (2.6) 7.5 9.9
Dlala Brokerage & Inv Holding Co. 22.00 (2.1) 100.6 (34.2)
Barwa Real Estate Co. 45.50 (1.6) 222.4 8.6
Al Meera Consumer Goods Co. 241.00 (1.6) 11.1 20.5
Mazaya Qatar Real Estate Dev. 16.70 (1.5) 417.6 (8.4)
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
QNB Group 187.50 0.1 33,505.4 (11.9)
Masraf Al Rayan 44.40 0.0 16,973.4 0.5
Industries Qatar 126.00 (0.6) 16,723.1 (25.0)
Mesaieed Petrochemical Hold. Co. 21.80 1.1 13,376.6 (26.1)
Ezdan Holding Group 19.90 0.0 10,768.3 33.4
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 11,837.71 (0.3) 0.7 3.2 (3.6) 62.81 170,432.7 12.1 1.8 4.3
Dubai 3,712.09 (0.3) 0.2 3.3 (1.6) 89.37 96,370.6 12.9 1.2 6.7
Abu Dhabi 4,564.35 0.1 0.4 1.4 0.8 54.52 124,342.3 12.3 1.4 5.0
Saudi Arabia 7,776.74 (0.5) 1.2 5.0 (6.7) 1,343.53 469,071.0 16.5 1.8 3.3
Kuwait 5,731.26 (0.0) 0.4 0.1 (12.3) 43.25 88,914.7 14.6 1.0 4.5
Oman 5,928.98 (0.6) 1.0 2.4 (6.5) 14.36 23,984.1 11.4 1.3 4.4
Bahrain 1,249.34 (0.2) (0.4) (2.1) (12.4) 0.49 19,586.3 7.9 0.8 5.5
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)
11,780
11,800
11,820
11,840
11,860
11,880
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00
2. Page 2 of 9
Qatar Market Commentary
The QSE Index declined 0.3% to close at 11,837.7. The Industrials and
Insurance indices led the losses. The index fell on the back of selling
pressure from Qatari and GCC shareholders despite buying support from
non-Qatari shareholders.
Qatar General Insurance & Reinsurance Co. and Dlala Brokerage &
Investments Holding Co. were the top losers, falling 2.6% and 2.1%,
respectively. Among the top gainers, Medicare Group gained 2.0%, while
Gulf Warehousing Co. was up 1.4%.
Volume of shares traded on Tuesday fell by 40.3% to 5.2mn from 8.7mn on
Monday. Further, as compared to the 30-day moving average of 8.4mn,
volume for the day was 38.3% lower. Vodafone Qatar and Mesaieed
Petrochemical Holding Co. were the most active stocks, contributing 12.5%
and 11.9% to the total volume respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Earnings Releases, Global Economic Data and Earnings Calendar
Earnings Releases
Company Market Currency
Revenue (mn)
3Q2015
% Change
YoY
Operating Profit
(mn) 3Q2015
% Change
YoY
Net Profit (mn)
3Q2015
% Change
YoY
The National Company for
Glass Industries (ZOUJAJ)
Saudi Arabia SR 0.0 NA 2.1 -67.2% 6.3 -62.5%
The National Shipping
Company of Saudi Arabia
(Bahri)
Saudi Arabia SR 0.0 NA 545.3 490.1% 510.3 501.4%
Oman Foods International * Oman OMR 1.9 -26.6% 0.0 NA 0.0 NA
Shell Oman Marketing Co.
(SOMC) **
Oman OMR 252.8 -7.9% 0.0 NA 10.8 19.7%
Omani Euro Food Industries
(OEFI)
Oman OMR 1.4 -1.1% 0.0 NA -0.2 NA
Packaging Co. * Oman OMR 6.0 31.7% 0.0 NA 0.4 806.8%
Shurooq Investment Services
Holding Co. (SISCO) *
Oman OMR 0.2 -8.8% 0.0 NA -0.3 NA
Gulf Mushroom Products Co.
(GMPC) *
Oman OMR 4.6 -2.0% 0.0 NA 0.2 -3.1%
Construction Materials
Industries & Contracting
(CMI)
Oman OMR 1.7 -9.1% 0.0 NA 0.0 NA
Majan Glass Co. Oman OMR 7.6 -4.7% 0.0 NA -1.1 NA
Oman Chromite Co. (OCC) Oman OMR 1.4 -9.6% 0.0 NA 0.2 -55.0%
Al Anwar Holdings. * Oman OMR 5.3 34.9% 0.0 NA 3.5 71.7%
National Aluminium Products
Co. *
Oman OMR 18.5 36.9% 0.0 NA 0.6 19.8%
Gulf International Chemicals
(GIC) *
Oman OMR 3.0 7.2% 0.0 NA 0.7 181.6%
United Power Co. * Oman OMR 8.2 3.1% 0.0 NA 0.8 67.7%
Raysut Cement Co. * Oman OMR 69.4 -1.9% 0.0 NA 15.8 -24.3%
National Securities ** Oman OMR 0.1 -79.4% 0.0 NA -0.5 NA
Financial Services * Oman OMR 0.4 -47.4% 0.0 NA -0.1 NA
Oman Textile Holding Co.
(OHTC)
Oman OMR 3.2 149.1% 0.0 NA 0.9 NA
Oman Fisheries Co. * Oman OMR 11.0 -3.5% 0.0 NA -0.2 NA
Oman Cement Co. * Oman OMR 38.9 -7.4% 0.0 NA 7.0 -38.7%
Source: Company data, DFM, ADX, MSM (*9M2015 results, **6M 2015-16 results)
Overall Activity Buy %* Sell %* Net (QR)
Qatari 39.25% 45.54% (13,772,851.93)
GCC 10.11% 10.97% (1,873,842.76)
Non-Qatari 50.64% 43.49% 15,646,694.69
3. Page 3 of 9
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
10/13 US Nat'l Fed. of Ind. Business NFIB Small Business Optimism September 96.1 95.5 95.9
10/13 EU ZEW Zentrum fuer Europaeische ZEW Survey Expectations October 30.1 – 33.3
10/13 Germany Federal Statistical Off Wholesale Price Index MoM September -0.60% – -0.80%
10/13 Germany Federal Statistical Off Wholesale Price Index YoY September -1.80% – -1.10%
10/13 Germany ZEW Zentrum fuer Europaeische ZEW Survey Current Situation October 55.2 64.0 67.5
10/13 Germany ZEW Zentrum fuer Europaeische ZEW Survey Expectations October 1.9 6.5 12.1
10/13 UK ONS PPI Output Core NSA MoM September 0.10% 0.00% -0.10%
10/13 UK ONS PPI Output Core NSA YoY September 0.20% 0.20% 0.00%
10/13 UK ONS ONS House Price YoY August 5.20% 5.00% 5.20%
10/13 UK ONS CPI MoM September -0.10% 0.00% 0.20%
10/13 UK ONS CPI YoY September -0.10% 0.00% 0.00%
10/13 UK ONS CPI Core YoY September 1.00% 1.10% 1.00%
10/13 UK ONS Retail Price Index September 259.6 260.0 259.8
10/13 UK ONS RPI MoM September -0.10% 0.10% 0.50%
10/13 UK ONS RPI YoY September 0.80% 1.00% 1.10%
10/13 UK ONS RPI Ex Mort Int.Payments (YoY) September 0.90% 1.10% 1.20%
10/13 UK ONS PPI Input NSA YoY September -13.30% -13.00% -14.60%
10/13 UK ONS PPI Output NSA YoY September -1.80% -1.80% -1.90%
10/13 UK British Retail Consortium BRC Sales Like-For-Like YoY September 2.60% 1.50% -1.00%
10/13 China National Bureau of Statistics Trade Balance September $60.34bn $48.21bn $60.24bn
10/13 China National Bureau of Statistics Exports YoY September -3.70% -6.00% -5.50%
10/13 China National Bureau of Statistics Imports YoY September -20.40% -16.00% -13.80%
10/13 China Customs General Administration Exports YoY CNY September -1.10% -7.40% -6.10%
10/13 China Customs General Administration Imports YoY CNY September -17.70% -16.50% -14.30%
10/13 China Customs General Administration Trade Balance CNY September 376.20bn 292.42bn 368.03bn
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
Earning Calendar
Tickers Company Name Date of reporting 3Q2015 results No. of days remaining Status
QNBK QNB Group 7-Oct-15 - Reported
QIBK Qatar Islamic Bank 13-Oct-15 - Reported
ABQK Al Ahli Bank 14-Oct-15 - Reported
MRDS Mazaya Qatar 14-Oct-15 0 Due
QIGD Qatari investor group 19-Oct-15 5 Due
DBIS Dlala Brokerage & Investment Holding Company 19-Oct-15 5 Due
KCBK Al khalij Commercial Bank 20-Oct-15 6 Due
DOHI Doha Insurance 20-Oct-15 6 Due
QEWS Qatar Electricity & Water Company 20-Oct-15 6 Due
SIIS Salam International 20-Oct-15 6 Due
AKHI Al Khaleej Takaful 20-Oct-15 6 Due
IHGS Islamic Holding 20-Oct-15 6 Due
QIIK International Islamic Bank 20-Oct-15 6 Due
GWCS Gulf Warehousing Company 21-Oct-15 7 Due
QGTS Qatar Gas Transport Company (Nakilat) 21-Oct-15 7 Due
QIMD Industrial Manufacturing Company 22-Oct-15 8 Due
QNNS Qatar Navigation 24-Oct-15 10 Due
QATI Qatar Insurance 25-Oct-15 11 Due
MARK Masraf Al Rayan 25-Oct-15 11 Due
DHBK Doha Bank 25-Oct-15 11 Due
QISI Islamic Insurance 25-Oct-15 11 Due
QGRI General Insurance 25-Oct-15 11 Due
QOIS Qatar Oman 25-Oct-15 11 Due
MCGS Medicare Group 25-Oct-15 11 Due
UDCD United Development Company 26-Oct-15 12 Due
QFLS Qatar Fuel Company 26-Oct-15 12 Due
ERES Ezdan Real Estate Company 26-Oct-15 12 Due
MERS Al Meera Consumer Goods Company 27-Oct-15 13 Due
ORDS Ooredoo 28-Oct-15 14 Due
4. Page 4 of 9
AHCS Aamal Company 29-Oct-15 15 Due
NLCS National Leasing 29-Oct-15 15 Due
ZHCD Zad Holding Company 29-Oct-15 15 Due
QNCD National Cement Company - - -
CBQK Commercial Bank - - -
BRES Barwa Real Estate Company - - -
GISS Gulf International Services - - -
IQCD Industries Qatar - - -
MPHC Mesaieed Petrochemical Holding Co - - -
MCCS Mannai Corp. - - -
QCFS Qatar Cinema & Film Distribution Company - - -
WDAM Widam Food Co. - - -
QGMD Qatar German Company for Medical Devices - - -
VFQS Vodafone Qatar - - -
Source: QSE
News
Qatar
QIBK’s 3Q2015 QoQ net income growth driven by strong fees, cost
control and lower investment provisions – Qatar Islamic Bank
(QIBK) reported a net profit of QR515.24mn in 3Q2015, gaining by
4.2% QoQ (+27.3% YoY), in-line with our estimate of
QR494.01mn (+4.3% variation) vs. BBG consensus of
QR487.25mn. The bank generated net interest and investment
income of QR708.78mn, also in-line with our estimate
(QR705.05mn). Net interest and investment income declined by
3.3% QoQ (+24.5% YoY). The QoQ appreciation in net income was
aided by robust fees & commissions (+24.2% and +38.1% QoQ
and YoY, respectively), cost control (opex down by 2.6% QoQ
while the cost to income ratio improved to 29.1% vs. 29.9% and
32.9% in 2Q2015 and 3Q2014, respectively) and lower investment
provisions (down 18.0% QoQ). QIBK’s net loans expanded by 7.1%
QoQ (+37.5% YTD) to 82.05bn while deposits gained by 2.2% QoQ
(+30.1% YTD) to 86.63bn. As such QIBK’s LDR moved to 95% vs.
90% in 2Q2015 (101% in 3Q2014). The bank’s NPL ratio
improved to 0.7% vs. 0.9% at the end of 2014. Moreover QIBK’s
coverage ratio also improved to 106% vs. 94% at the end of 2014.
QIBK’s CAR stood at 14.2% at the end of 3Q2015. (QNBFS
Research, Company Financials)
QIBK mandate banks to arrange investor meetings for Sukuk
program – Qatar Islamic Bank (QIBK) has mandated Barwa Bank,
Citi, HSBC, Noor Bank, QInvest and Standard Chartered Bank as
Joint Lead Managers to arrange a series of fixed income investor
meetings in Asia, Middle East and Europe commencing on October
16, 2015. A benchmark USD Regulation S Senior Sukuk offering
under the existing QIBK Sukuk Ltd $1.5bn Trust Certificate
Issuance Program may follow subject to market conditions. (QSE)
ABQK 3Q2015 bottom-line slips QoQ due to muted investment gains
and flat net interest income, in-line with our estimate – Ahli Bank
(ABQK) reported a net profit of QR166.59mn in 3Q2015, declining
marginally by 1.7% QoQ (+7.2% YoY). Earnings were in-line with
our estimate of QR160.46mn (+3.8% variation). The marginal
decline in the sequential net profit was mainly due to drop in
income from investment securities to QR1.33mn vs. 18.82mn in
2Q2015. The net interest income was largely flat at QR185.15mn (-
3.8% YoY). The bank’s total assets grew by 2.6% YTD (down 3.3%
QoQ) to QR32.2bn in 3Q2015. ABQK’s loans & advances grew by
5.2% YTD (up 0.5% QoQ) to QR22.43bn, while customer deposits
rose 6.8% YTD (down 1.9% QoQ) to QR21.25bn. (QNBFS Research,
Company Financials)
ZHCD to disclose financial statements on October 29 – Zad Holding
Company (ZHCD) will announce its financial reports for the period
ending September 30, 2015 on October 29, 2015. (QSE)
QSE to hold introductory meeting to discuss GWCS rights issues –
The Qatar Stock Exchange (QSE) has invited brokers, journalists
and all interested investors to attend the introductory meeting,
which will be dedicated to discuss the rights issues of the Gulf
Warehousing Company (GWCS), which will start as of October 18,
2015. During the meeting, QSE will brief the attendees on the
rights issues mechanism, as well as its calculation and execution
methods in light of the approval obtained from the Qatar Financial
Markets Authority (QFMA). The meeting will be held in the
premises of QSE on October 15, 2015. (QSE)
Kahramaa hikes water, electricity tariffs – The Qatar General
Electricity and Water Corporation (Kahramaa) has hiked water
and electricity charges with effect from September 2015.
Consumers were surprised to receive the "inflated bills" in October
since there was no prior notification from Kahramaa about the
increase. However, the September bill which the consumers
received this month carried a note saying "The tariff has been
revised from September 2015". According to sources, the water
tariff which remained the same at QR4.40 per cubic meter for
consumers big and small earlier has been replaced by a slab
system, whereby customers will be charged on the basis of their
consumption. Customers still have to pay only QR4.40 per cubic
meter for up to 20 cubic meters of water. Those who consume
more will have to pay according to the following slab: QR5.40 per
cubic meter for 20 -50 cubic meters, QR6.40 for 50-100 and
QR7.40 for 100- 150 cubic meters. For electricity also a similar
hike has been applied. While the tariffs differed only after 4,000
kilowatt per hour (kwh) earlier, now the minimum rate of
QR0.08/kwh is applicable only to consumption up to 2,000 kwh.
Thereafter, the revised rate of QR0.09/kwh will be charged up to
consumption of 4,000kwh. Those using more than 4,000kwh will
have to pay QR0.10 per additional unit. There are additional slabs
for every 2,000kwh. Moreover, it is understood that villa
compounds and workers accommodations, mainly large labor
camps, may have to pay more as the combined use of electricity
and water in such places would attract higher rates than in
individual residential units. (Gulf-Times.com)
ERES installs water-saving devices in residential units – Ezdan Real
Estate Company (ERES) has completed installation of 120,000
water-saving devices in 7,000 of its residential units. The project
aims to reduce daily water consumption per capita by 40% to 60%
as part of implementation of a comprehensive plan to make the
group’s properties water-saving entities. The objective is in line
with the national program for conservation and energy efficiency
‘Tarsheed’, for which the group had signed a memorandum of
5. Page 5 of 9
understanding (MoU) with Qatar General Electricity & Water
Corporation (Kahramaa) in 2014. (Peninsula Qatar)
Fine of up to QR20,000 for wasting water – HH the Emir Sheikh
Tamim bin Hamad al-Thani has issued a law that seeks to
rationalize the use of water & electricity and imposes stringent
penalties on those found wasting these precious resources. Law No
20 for 2015, issued by the Emir, amends some provisions of Law
No 26 for 2008. The Cabinet had issued a draft law in this regard in
September 2015 after reviewing the Advisory Council’s
recommendations. The new law imposes a maximum fine of
QR20,000 on those, who use or authorize the use of drinking water
to wash vehicles or equipment or clean the yards of buildings and
facilities with water hoses or other means of direct flow. (Gulf-
Times.com)
Ministry: Overtime payments of workers must be sent to bank –
Local Arabic daily Al Sharq has reported that the Ministry of Labor
& Social Affairs (MOLSA) has affirmed that according to the Wage
Protection System (WPS), employers have to forward allowances
and overtime payments to the bank account of their workers.
MOLSA said that all the allowances and dues of a worker other
than his monthly salary could be added together and put under
extra wages category. (Gulf-Times.com)
Qatargas successfully completes gas fuel trials on Q-Max ship –
Qatargas and collaborators have announced the successful
completion of the second phase of main engine gas injection
system trials on Qatar Gas Transport Co. (Nakilat) owned Q-Max
Liquefied Natural Gas (LNG) ship Rasheeda. QNA reported that the
world’s top LNG producer and the globe’s premier integrated LNG
enterprise RasGas and Nakilat collaborated on the project that will
use the pioneering MEGI technology in maritime propulsion. The
trials involved commissioning Rasheeda’s gas burning M-Type
Electronically Controlled Gas Injection (MEGI) System. The Qatar
Petroleum-sponsored project cost stakeholders over $30mn. The
technology upgradation move pre-empts global environmental
legislation. (Peninsula Qatar)
Real estate trades surpass QR500mn – The total trading value in
real estate sales contracts registered with the Land Registry
Department of the Ministry of Justice during the period October 4
to 8, 2015 reached QR507.9mn. The real estate sales included
various types of plots of land, houses, various types of buildings
and residential units in the municipalities of Doha, Umm Salal, Al
Khor, Al Dhakira, Al Rayyan, Al Zain, Al Wakra and Al Shama.
(Peninsula Qatar)
QA to launch daily non-stop flights to Adelaide from May 2016 –
Qatar Airways (QA) will launch daily non-stop scheduled flights
between Doha and Adelaide on May 2, 2016. The airline has
embarked on a major expansion in Australia, recently announcing
the launch of daily flights to Sydney from March 1, 2016. Adelaide
will be the first destination in Australia to which QA will fly its
state-of-the-art A350 aircraft, for which it is the global launch
customer. The long-haul service to Adelaide, a key business and
leisure destination in South Australia, will enable QA to maximize
A350’s efficiency and performance. With the addition of Adelaide,
QA’s Australian capacity will rise to 28 flights a week, spread
across four key cities including Melbourne, Perth and Sydney.
(Gulf-Times.com)
VFQS launches new service for safer internet communication –
Vodafone (VFQS) has launched its DDoS mitigation proposition for
businesses and governments in Qatar, which will provide assured
connectivity to dedicated internet customers, enabling safer
communications over the internet. DDoS attacks are Denial-of-
Service attacks that leverage the massive, distributed, and stolen
computing power from infected endpoints to flood target
networks and web applications with traffic. DDoS attacks disrupt
operations and prevent users from accessing critical web
applications. (Gulf-Times.com)
QPMC signs material supply deals with 24 local contractors –Qatar
Primary Materials Company (QPMC) Chief Executive Officer Eisa
al-Hammadi said the company executed supply agreements with
some 24 local contractors to source to them 1.1052mn tons of
materials, which will help them meet the demands of the local
construction industry. He said QPMC recently signed five
agreements with private sector establishments, all Qatari-owned
companies, for procurement of primary construction materials for
the Qatari market, mainly gabbro and limestone. (Gulf-Times.com)
International
US small business confidence ticks up in September – The US small
business confidence rose marginally in September as stock market
volatility raised concerns about sales growth, suggesting the
economy was expanding at a moderate pace. The National
Federation of Independent Business (NFIB) said its Small Business
Optimism Index gained 0.2 point to 96.1 in September. It said that
the level was consistent with a 2.5% annualized growth rate.
Seven of the index’s 10 components eked out small gains last
month, while the share of small business owners expecting
stronger sales volumes in the next few months fell six points. Even
as small business owners worried about sales growth, they were
upbeat about business conditions over the next six months and
profits. They also believed now was a good time to expand. There
was a slight increase in the share of owners planning to increase
inventory. The survey continued to point to tame inflation
pressures over the near-term. (Reuters)
China inflation moderates, making room for easing − China’s
consumer inflation moderated and factory gate deflation extended
a record stretch of declines, signaling the People’s Bank of China
still has room to ease monetary policy further to support a slowing
economy. The National Bureau of Statistics said the consumer-
price index increased 1.6% YoY in September, slowing from a 2%
rise in August. The producer-price index fell 5.9%, extending its
streak of negative readings to 43 months. Food price inflation
slowed to 2.7% YoY, from 3.7% in August. Non food prices climbed
1%. Prices of consumer goods increased 1.4%, while services
increased 2.1%. With consumer inflation well below the
government target of 3% all year, the central bank has further
capacity to spur lending even after cutting interest rates five times
since November 2014. (Bloomberg)
IMF cuts growth view on South Africa − According to the
International Monetary Fund (IMF), if economic growth in South
Africa this year is bad news, 2016 is set to be even worse. The
Washington-based lender has cut its estimate for 2015 to 1.4%
from 2%. More concerning was its projection that the gross
domestic product (GDP) will expand just 1.3% in 2016, which
would be the slowest pace since a recession in 2009. The IMF’s
projections are more pessimistic than those from the World Bank
and South Africa’s central bank. The World Bank is forecasting a
GDP growth of 1.5% in 2015 and 1.7% in 2016, while the Reserve
Bank estimates 1.5% and 1.6%, respectively. China’s slump is
hurting South Africa in two ways − curbing demand from its
biggest trading partner and reducing revenue from platinum, iron
ore and other metals that account for about half of the nation’s
exports. Slower growth makes Finance Minister Nhlanhla Nene’s
fiscal targets more difficult to achieve. Nene has pledged to narrow
the budget deficit to 2.5% of GDP in the year through March 2018
from an estimated 3.9% in 2015. (Bloomberg)
JP Morgan revenue drops on trading in 3Q2015 − JPMorgan Chase
& Company, the biggest US bank, said revenue fell 6.4% in 3Q2015,
driven by a slump in trading and mortgage-banking results. While
net income rose 22% to $6.8bn, adjusted earnings per share,
6. Page 6 of 9
excluding a tax benefit and other items, were $1.32. That missed
the $1.38 average estimate of 29 analysts surveyed by Bloomberg.
The results at JPMorgan, the first of the big US lenders to report,
show pressure is still high at Wall Street firms to cut expenses as
volatile markets and the continuation of record-low US interest
rates erode profit. Though the bank non-interest costs shrank
2.7% to $15.4bn, that was still not enough keep up with the drop
in revenue. Firmwide net revenue was $23.5bn in 3Q2015, down
from $25.1bn a year earlier. Chief Financial Officer, Marianne Lake
said the bank has cut its workforce by about 10,000 jobs so far in
2015, without indicating whether more may follow. (Bloomberg)
Regional
Dallah Healthcare bonus shares added to investors’ portfolio – The
Saudi Stock Exchange (Tadawul) has announced the addition of
Dallah Healthcare Holding Company’s bonus shares into the
investors’ portfolio. Earlier, Dallah Healthcare’s EGM approved an
increase in the capital via bonus shares. (Tadawul)
Arab National Bank reports SR764.2mn net profit in 3Q2015 – Arab
National Bank reported a net profit of SR764.2mn in 3Q2015 as
compared to SR747.9mn in 3Q2014, representing a YoY increase
of 2.18%. The bank’s total assets had stood at SR164.86bn as of
September 30, 2015 as compared to SR149.94bn on September 30,
2014. Loans & advances reached SR112.75bn, while customer
deposits had stood at SR132.52bn. EPS had amounted to SR2.37 in
3Q2015 versus SR2.25 in 3Q2014. (Tadawul)
Al Rajhi Bank net profit up 3.55% YoY in 3Q2015 – Al Rajhi Bank
reported a net profit of SR1.72bn in 3Q2015 as compared to
SR1.66bn in 3Q2014, representing a YoY increase of 3.55%. The
bank’s total assets stood at SR325.21bn as of September 30, 2015
as compared to SR298.71bn on September 30, 2014. Loans &
advances reached SR209.91bn, while customer deposits stood at
SR265.48bn. EPS amounted to SR3.19 in 3Q2015 versus SR3.27 in
3Q2014. (Tadawul)
Sabic to shut Innovative Plastics unit, to transfer Pittsfield HQ to
Houston – Saudi Basic Industries Corporation (SABIC) has
announced its plan to close its SABIC Innovative Plastics unit and
to transfer its headquarters from Pittsfield to Houston. As a result
of its transformation strategy, SABIC Innovative Plastics’
commodity products will be placed in the parent company’s
chemicals and polymers units, while the remaining products will
be placed in a new specialties unit. The company is still evaluating
Pittsfield’s Polymer Processing Development Center and its
location. SABIC said the Pittsfield headquarter (HQ) will be closed
during 2016, with major relocation to Houston completed by mid-
2016. (GulfBase.com)
CDSI: Saudi non-oil exports, imports decline in 2Q2015 – According
to Central Department of Statistics and Information (CDSI), Saudi
Arabia’s non-oil exports had fallen in 2Q2015 to around
SR46.64bn as compared to SR56.19bn in 2Q2014, representing a
decline of 17%. On the other hand, the value of the Kingdom’s
imports had fallen 2.2% to around SR166.23bn in 2Q2015 as
compared to SR170.05bn in 2Q2014. As per the report, Saudi’s
non-oil commodity exports had registered a decline of 1% as
compared to 1Q2015, in which they had registered around
SR47.10bn. The value of the Kingdom’s imports recorded a rise of
2.3% when compared to 1Q2015, which registered around
SR162.53bn. (GulfBase.com)
Saudi Aramco awards SR38mn supply contract to Arabian Pipes –
Saudi Arabian Oil Company (Saudi Aramco) has awarded a supply
contract worth SR38mn to Arabian Pipes Company. Under the
terms of the agreement, Arabian Pipes will supply 110 kilometers
of welded steel pipes to Saudi Aramco in 2Q2016 from Jubail
factory. The financial impact of the transaction will appear in
2Q2016. (Tadawul)
France agrees to ink potential deals worth €10bn with KSA – France
has agreed to sign potential deals worth €10bn with Saudi Arabia,
including for patrol boats, although few contracts appeared to
have been finalized. Meanwhile, Saudi has lifted a 15-year-old ban
on French beef, opening one of the markets closed to France due to
past cases of mad cow disease and offering potential support to
the French meat industry hurt by low prices and a Russian
embargo. (Reuters)
Mueen Recruitment obtains operating license – Abdullah Al Othaim
Markets Company has said that Mueen Recruitment Company has
obtained the final operating license from the Ministry of Labor for
a period of 10 Hijri years. Al Othaim had earlier announced its
participation in establishing Mueen, which is expected to start its
commercial operations by the beginning of 2016. Al Othaim
expects the financial impact in its results will appear in 2Q2016.
(Tadawul)
EA, IBM sign $700mn IT contract – Etihad Airways (EA) has signed
a 10-year deal worth $700mn with IBM for a range of information
technology (IT) services and infrastructure. IBM will provide a
global technology framework for EA and its partners, including
setting up a cloud data center in Abu Dhabi that will be developed
and operated by IBM, one of the first such facilities in the Middle
East. (Reuters)
Mashreq CEO: UAE bank liquidity still good – Mashreq Bank CEO
Abdul Aziz al-Ghurair has said that liquidity in the UAE banking
sector is still good. The government has adequate means to
manage liquidity. He said Mashreq had no immediate plans to
issue bonds. (Reuters)
UAE, Germany plan talks over Air Berlin-EA code share – The
United Arab Emirates (UAE) is seeking talks this week aimed at
gaining Germany’s approval for code share flights operated by Air
Berlin and Etihad Airways (EA). Air Berlin has 65 code share
flights with EA, which bring it about $159mn in turnover.
However, the routes have come under scrutiny by the German
government over the last year because the current bilateral
agreement between the two countries restricts where EA can fly to
within Germany. Air Berlin and EA are still awaiting approval for
this winter flight schedule, which is due to start at the end of
October 2015. (Reuters)
Al Qamzi: Dubai economy may grow 4% in 2015 as trade & tourism
benefit from cheap oil – The Department of Economic Development
(DED) Director General Sami Al Qamzi has said that Dubai’s
economy is set to expand by 4% in 2015 as the lower oil price
benefits sectors such as trade and tourism. He said growth in India
and the US, as well as rising demand in Europe, would also boost
the Emirate. The International Monetary Fund (IMF) has revised
its growth forecast lower for the UAE to 3% in 2015 and 3.1% in
2016, down from 4.6% in 2014, as the oil slump results in weaker
real estate and corporate activities. According to the IMF’s annual
report on the UAE’s economy, IMF forecasts that $13bn will be
added to the UAE’s economy by the ending of sanctions on Iran, as
trade between the two countries rises between now and 2018.
That is equivalent to a 1% gain in real GDP growth each year over
the next three years. Raed Safadi, Executive Director of Economic
Research & Policy at the DED, said inflation is expected to remain
between 4.5-5% in 2015, while IMF is forecasting inflation of 3.8%
in 2015, up from 2.3% in 2014. (GulfBase.com)
Sunrise Properties raises AED515mn in Islamic loan deal –
Emirates NBD has said that Sunrise Properties has secured an
AED515mn Islamic loan for the development of a luxury hotel
project. Emirates NBD was joined by Doha Bank, and acted as the
main arranger of the deal. The company will use the loan to
finance the Emerald Palace Kempinski Hotel project on Dubai’s
Palm Jumeirha group of islands. (Reuters)
7. Page 7 of 9
DEWA names Harbin, ACWA preferred bidders for clean coal plant –
The Dubai Electricity & Water Authority (DEWA) has chosen a
consortium, including China’s Harbin Electric and Saudi Arabia’s
ACWA Power International, as the preferred bidder to build and
operate a 1,200-megawatt (MW) clean coal power plant. Harbin
Electric and Alstom of France will build the plant while those
companies as well as ACWA Power and US-based NRG Energy will
operate it. The plant is the Phase I of the proposed $1.8bn Hassyan
clean coal project by DEWA. A unit with the capacity of 600 MW
will be operational by March 2020 while another unit of the same
size by March 2021. ACWA Power CEO Paddy Padmanathan said
that the consortium was working with Export-Import Bank of
China and a range of banks to obtain a $1.4bn loan. The banks
include Industrial and Commercial Bank of China, Bank of China,
Standard Chartered and Abu Dhabi’s First Gulf Bank. DEWA will be
the major stakeholder with a 51% share in the company
established to build and operate the Hassyan plant. (Reuters)
Abu Dhabi to introduce policy on affordable housing target for
developers – The Abu Dhabi Urban Planning Council has said that
a new policy, which sets affordable housing targets for developers
in Abu Dhabi, could be introduced before 2015-end. The new
policy will place targets for developers to achieve 20% of
affordable homes within new housing schemes. (GulfBase.com)
JLL: Abu Dhabi property prices steady despite weak demand –
According to JLL, high occupancy levels in premium office and
residential properties in Abu Dhabi had helped keep overall prices
steady in 3Q2015 despite weakening demand. As per JLL, sales
prices were steady in 3Q2015 as compared to 12 months earlier,
but rents for apartments and houses rose 7% and 3%, respectively
over the same period. JLL said the performance differs because
rents are linked to end-user demand while sales are mostly
sentiment driven. JLL Abu Dhabi office head David Dudley said
some of Abu Dhabi’s mega projects are expected to be delayed
further and phased over a longer time frame. On the positive side,
supply remains under control. JLL said demand for office space
remains suppressed. While there are a few vacant units in
premium office buildings, the overall office vacancy rate had risen
to 27% as of September 30, 2015 from 25% a year earlier.
(Reuters)
Jazeera Airways gets shareholders’ nod to reduce capital base –
Kuwait’s Jazeera Airways has received shareholders’ approval to
reduce its capital by more than a half, as it adjusts from having
closed its airline leasing business. The airline’s extraordinary
general meeting (EGM) on October 12, 2015 approved a board
recommendation to cut the capital from KD42mn to KD20mn
through a share buyback program. Jazeera Airways will buy back
220 million shares at the nominal share price of 100 fils, resulting
in a KD22mn shareholder payout. The share buyback brings the
airlines’ total payout to shareholders in 2015 to KD52.7mn.
Earlier, in January, Jazeera Airways announced that it was selling
off its entire fleet to lessors and would close its own leasing arm.
(GulfBase.com)
KNPC signs contracts for Al-Zour refinery – Daewoo Engineering &
Construction Company, Tecnicas Reunidas SA and Hyundai Heavy
Industries Company are among firms, which have signed contracts
to build Kuwait’s KD4.87bn Al Zour oil refinery. The refinery, with
a capacity of 615,000 barrels per day (bpd), will raise Kuwait’s
total refining capacity to 1.4mn bpd when completed in July 2019.
Kuwait National Petroleum Company (KNPC) Project Manager
Khaled Al-Awadhi said the refinery will be built in five packages,
with the first valued at KD1.28bn awarded to Technicas, Hanwha
Engineering & Construction Corporation and China Petroleum &
Chemical Corporation (Sinopec). The second and third packages at
a combined value of KD1.75bn were awarded to Fluor
Corporation, Daewoo and Hyundai Heavy Industries Company,
while the fourth package valued at KD475mn was given to Saipem
SpA and Essar Oil Limited. The fifth package of KD454mn was
awarded to Hyundai Engineering & Construction Company,
Saipem and SK Holdings Company. The refinery, likely to be the
largest in the Middle East, could be a major boost to Kuwait’s
economy, which has slowed due to political tensions and low oil
prices. (Bloomberg, GulfBase.com)
NBK 3Q2015 profit rises 9.1% YoY on higher interest income –
National Bank of Kuwait (NBK) reported a net profit of KD64.5mn
in 3Q2015 as compared to KD59.1mn in 3Q2014, representing a
YoY increase of 9.1%. The bank’s interest income rose to
KD112.3mn in 3Q2015 from KD102.1mn in 3Q2014, driven by
strong business volume. Interest income accounted for 65.7% of
the total revenue, while operating revenue was up 2.1% to
KD170.9mn. NBK’s total assets grew 9.4% YoY to KD23.78bn at
the end of September 30, 2015. (Reuters)
Kuwait Oil output to reach 3mn by 2015-end – Kuna reported that
Kuwait Oil Company’s crude output capacity would reach 3mn
barrels per day by 2015-end. Kuwait Oil is a subsidiary of the
Kuwait Petroleum Corporation, a Government-owned holding
company. (Bloomberg)
Bank Muscat net profit rises 7.5% YoY in 9M2015 – Bank Muscat
reported a net profit of OMR136.2mn in 9M2015 as compared to
OMR126.7mn in 9M2014, representing a YoY increase of 7.5%.
The bank’s operating profit had reached OMR176.6mn in 9M2015
as compared to OMR169.3mn in 9M2014. Net Interest Income
from conventional banking had stood at OMR176.0mn in 9M2015
as compared to OMR170.3mn in 9M2014, while net income from
Islamic financing was OMR13.7mn in 9M2015 as compared to
OMR12.4mn for the same period of 2014. Non-interest income at
OMR 112.9mn was higher by 8.4% as compared to OMR104.1mn
for 9M2014. Net loans & advances from the conventional
operation had increased by 8.7% to OMR6.57bn as against
OMR6.04bn at the end of September 30, 2014. Customer deposits,
including CDs from the conventional operations, had increased by
6.7% to OMR6.78bn in 9M2015 as against OMR6.35bn in 9M2014.
(MSM)
Dhofar Power extends ONEIC contract – Dhofar Power Company
has extended the contract for electricity meters reading, billing
and collection awarded to Oman National Engineering &
Investment Company (ONEIC) for the period of one year ending
April 30, 2017. ONEIC said that the contract has been extended
with the same contract terms and conditions. (MSM)
Bank Dhofar net profit up 10.12% YoY in 9M2015 – Bank Dhofar
reported a consolidated net profit of OMR33.4mn in 9M2015 as
compared to OMR30.33mn in 9M2014, representing an increase of
10.12% YoY. Bank Dhofar’s operating income stood at
OMR84.64mn in 9M2015 as compared to OMR73.31mn in
9M2014. The bank’s total assets stood at OMR3.34bn as of
September 30, 2015 as compared to OMR2.92bn as of September
30, 2015. Net loans & advances grew 16.83% YoY to OMR2.64bn,
while customer deposits jumped 15.96% YoY to reach OMR2.55bn.
(MSM)
Omifco’s expansion plan depends on government supplying
additional gas – Oman India Fertiliser Company (Omifco) plans to
build a third train in Sur and implement a debottlenecking project,
which together will almost double the existing urea capacity from
1.652mn tons to more than 3mn tons per annum which depends
on the government’s decision to supply additional gas. Omifco is a
$960mn joint venture equally owned by Oman Oil Company and
India’s two fertilizer firms. Presently, Omifco has two identical
plants of 2,530 tons per day each of urea and two identical plants
of 1,750 tons per day each of ammonia at Qalhat in Sur. As much as
80% of ammonia production is used for manufacturing urea. The
8. Page 8 of 9
expansion plans depends on the government’s decision to supply
additional gas. (GulfBase.com)
Oman United Insurance authorizes Muscat Clearance to distribute
dividends – Oman United Insurance Company has authorized
Muscat Clearance & Depository Company to distribute dividends
approved by the AGM dated March 30, 2015. Shareholders who do
not claim their dividends have to approach Muscat Clearance &
Depository Company with supportive documents as proof of their
rights. (MSM)
AECOM wins Diyar Al Muharraq design contract – Diyar Al
Muharraq has signed an agreement with AECOM for
comprehensive primary designing of infrastructure within the
master-planned development. AECOM’s contractual obligations
include providing primary design and construction supervision for
all the infrastructural components of Diyar Al Muharraq including
roads, grade separation, landscaping, environmental impact
assessment, all transportation and logistics requirements and
utilities, including the potable water network, sanitary network,
electrical distribution network, telecommunications network and
waste management. Diyar Al Muharraq is a Bahrain-based urban
developer, while AECOM is a US-based infrastructure services firm.
(GulfBase.com)
Ezytrips launches online travel portal – Ezytrips, a Bahraini
homegrown technology startup, has launched an online travel
portal eyeing a share of the growing online bookings business.
Ezytrips General Manager, Nitin Menon said that www.ezytrips.co
is now live and operating through a franchise agreement with
Bahraini firm Dadabhai Travel and Tours. He said an investment of
$0.5mn has been made in this venture so far. (GulfBase.com)
Bahrain Bourse announces Hijri New Year holiday – Bahrain Bourse
will be officially closed on October 15, 2015 on the occasion of
Hijri New Year for the year 1437 Hijri. The bourse will resume
business on October 18, 2015. (Bahrain Bourse)
9. Contacts
Saugata Sarkar Sahbi Kasraoui QNB Financial Services SPC
Head of Research Head of HNI Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6534 Tel: (+974) 4476 6544 PO Box 24025
saugata.sarkar@qnbfs.com.qa sahbi.alkasraoui@qnbfs.com.qa Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services SPC (“QNBFS”) a wholly-owned subsidiary of QNB SAQ (“QNB”). QNBFS is regulated by the Qatar Financial
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recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or financial advice. QNBFS accepts no liability whatsoever for any direct or indirect
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Page 9 of 9
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
80.0
100.0
120.0
140.0
160.0
180.0
Sep-11 Sep-12 Sep-13 Sep-14 Sep-15
QSE Index S&P Pan Arab S&P GCC
(0.5%)
(0.3%)
(0.0%)
(0.2%)
(0.6%)
0.1%
(0.3%)
(0.8%)
(0.6%)
(0.4%)
(0.2%)
0.0%
0.2%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,168.80 0.4 1.0 (1.4) MSCI World Index 1,661.07 (0.8) (0.8) (2.8)
Silver/Ounce 15.91 0.5 0.5 1.4 DJ Industrial 17,081.89 (0.3) (0.0) (4.2)
Crude Oil (Brent)/Barrel (FM Future) 49.24 (1.2) (6.5) (14.1) S&P 500 2,003.69 (0.7) (0.6) (2.7)
Crude Oil (WTI)/Barrel (FM Future) 46.66 (0.9) (6.0) (12.4) NASDAQ 100 4,796.61 (0.9) (0.7) 1.3
Natural Gas (Henry Hub)/MMBtu 2.44 (0.0) 2.9 (18.7) STOXX 600 358.47 (0.8) (1.1) (1.5)
LPG Propane (Arab Gulf)/Ton 46.00 (3.7) (6.4) (6.1) DAX 10,032.82 (0.8) (0.5) (4.1)
LPG Butane (Arab Gulf)/Ton 61.00 (6.2) (6.2) (2.8) FTSE 100 6,342.28 (1.2) (1.7) (5.5)
Euro 1.14 0.2 0.2 (5.9) CAC 40 4,643.38 (0.9) (1.1) 2.3
Yen 119.75 (0.2) (0.4) (0.0) Nikkei 18,234.74 (0.7) (0.7) 4.2
GBP 1.52 (0.7) (0.5) (2.1) MSCI EM 854.29 (1.3) (0.6) (10.7)
CHF 1.04 0.5 0.4 3.8 SHANGHAI SE Composite 3,293.23 (0.1) 3.5 (0.3)
AUD 0.72 (1.6) (1.2) (11.4) HANG SENG 22,600.46 (0.6) 0.6 (4.2)
USD Index 94.76 (0.1) (0.1) 5.0 BSE SENSEX 26,846.53 (0.7) (1.4) (5.2)
RUB 63.07 1.7 2.5 3.8 Bovespa 47,362.64 (6.3) (6.3) (34.8)
BRL 0.26 (3.3) (3.3) (31.9) RTS 866.52 (1.1) (2.2) 9.6
141.7
118.8
114.5