The document summarizes the daily performance of stock markets across Qatar and other GCC countries. In Qatar, the QSE Index rose 1.3% led by gains in the Banks & Financial Services and Insurance indices. Qatar Islamic Bank and Masraf Al Rayan were the top gainers in Qatar. Across other GCC markets, indices in Saudi Arabia, Abu Dhabi and Oman rose while indices in Kuwait and Bahrain declined. The document also provides top gaining and losing stocks and other market metrics for Qatar and other GCC markets.
The QSE Index in Qatar rose 0.2% led by gains in the real estate and telecom indices. Zad Holding and Barwa Real Estate were the top gainers rising 2.8% and 2.5% respectively. Trading volume fell 7.6% compared to the previous day. In other GCC countries, indices were mixed with Saudi Arabia rising marginally while Dubai and Abu Dhabi fell. Earnings reports were announced for several companies and Qatar Rail signed a deal for driverless trains for Doha Metro.
The document summarizes stock market activity in Qatar and other GCC countries on March 17, 2016. The Qatari stock market rose 1.3% led by gains in the real estate and insurance sectors. Dlala Brokerage and Islamic Holding Group saw the largest increases, while National Leasing dropped the most. Regional markets in Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain also saw gains. The document also provides commentary on company news and earnings.
The QSE Index declined 0.9% led by losses in the Banks & Financial Services and Insurance indices. Qatar General Insurance and Ahli Bank fell 4.2% each, while Medicare Group rose 3.0% and Gulf Warehousing Co. rose 2.0%. Trading volume rose 53.8% but remained below the 30-day average. Regional markets were mixed with Saudi and Dubai rising while Oman fell slightly.
QNBFS Daily Market Report February 09, 2022QNB Group
The QE Index declined marginally to close at 12,673.0. Losses were led by the Transportation and Insurance indices, falling 0.8% and 0.5%, respectively.
QNBFS Daily Market Report October 25, 2021QNB Group
The QE Index in Qatar declined 0.4% led by losses in the Industrials and Banks & Financial Services indices. Mannai Corporation and Industries Qatar were the top losers. In other GCC markets, indexes in Saudi Arabia and Kuwait gained while those in Dubai, Abu Dhabi, Oman and Bahrain gained. Earnings reports from Saudi Kayan Petrochemical and Dr. Sulaiman Al Habib showed increases in revenue and profits. The Commercial Bank of Qatar reported a net profit rise of 217.8% year-over-year to QR804.6mn, beating estimates.
The QSE Index in Qatar declined slightly, led by losses in the Industrials and Banks indices. Dlala Brokerage and Medicare Group were the top losers. Regional markets were mixed, with Saudi Arabia down but Dubai and Abu Dhabi up marginally. Globally, US and European manufacturing PMIs were mixed while construction spending rose in the US. In Qatar news, the central bank auctioned treasury bills and will protect banks' foreign investments, and UDCD signed a large financing deal with Qatari banks.
QNBFS Daily Market Report October 19, 2021QNB Group
The QE Index declined 0.1% to close at 11,743.4. Losses were led by the Industrials and Banks & Financial Services indices, falling 0.5% and 0.1%, respectively.
The QSE Index in Qatar rose 0.2% led by gains in the real estate and telecom indices. Zad Holding and Barwa Real Estate were the top gainers rising 2.8% and 2.5% respectively. Trading volume fell 7.6% compared to the previous day. In other GCC countries, indices were mixed with Saudi Arabia rising marginally while Dubai and Abu Dhabi fell. Earnings reports were announced for several companies and Qatar Rail signed a deal for driverless trains for Doha Metro.
The document summarizes stock market activity in Qatar and other GCC countries on March 17, 2016. The Qatari stock market rose 1.3% led by gains in the real estate and insurance sectors. Dlala Brokerage and Islamic Holding Group saw the largest increases, while National Leasing dropped the most. Regional markets in Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain also saw gains. The document also provides commentary on company news and earnings.
The QSE Index declined 0.9% led by losses in the Banks & Financial Services and Insurance indices. Qatar General Insurance and Ahli Bank fell 4.2% each, while Medicare Group rose 3.0% and Gulf Warehousing Co. rose 2.0%. Trading volume rose 53.8% but remained below the 30-day average. Regional markets were mixed with Saudi and Dubai rising while Oman fell slightly.
QNBFS Daily Market Report February 09, 2022QNB Group
The QE Index declined marginally to close at 12,673.0. Losses were led by the Transportation and Insurance indices, falling 0.8% and 0.5%, respectively.
QNBFS Daily Market Report October 25, 2021QNB Group
The QE Index in Qatar declined 0.4% led by losses in the Industrials and Banks & Financial Services indices. Mannai Corporation and Industries Qatar were the top losers. In other GCC markets, indexes in Saudi Arabia and Kuwait gained while those in Dubai, Abu Dhabi, Oman and Bahrain gained. Earnings reports from Saudi Kayan Petrochemical and Dr. Sulaiman Al Habib showed increases in revenue and profits. The Commercial Bank of Qatar reported a net profit rise of 217.8% year-over-year to QR804.6mn, beating estimates.
The QSE Index in Qatar declined slightly, led by losses in the Industrials and Banks indices. Dlala Brokerage and Medicare Group were the top losers. Regional markets were mixed, with Saudi Arabia down but Dubai and Abu Dhabi up marginally. Globally, US and European manufacturing PMIs were mixed while construction spending rose in the US. In Qatar news, the central bank auctioned treasury bills and will protect banks' foreign investments, and UDCD signed a large financing deal with Qatari banks.
QNBFS Daily Market Report October 19, 2021QNB Group
The QE Index declined 0.1% to close at 11,743.4. Losses were led by the Industrials and Banks & Financial Services indices, falling 0.5% and 0.1%, respectively.
QNBFS Daily Market Report October 20, 2021QNB Group
The QE Index rose 0.2% to close at 11,767.5. Gains were led by the Consumer Goods & Services and Banks & Financial Services indices, gaining 0.4% each.
The QE index in Qatar declined 0.7% led by losses in the real estate and industrial indices. Mazaya Qatar Real Estate Dev. and Gulf Warehousing Co. were the top losers falling 8.2% and 7.5% respectively, while Qatar General Ins. & Reins. Co. and Salam International Investment Co. rose 5.9% and 3.7% respectively. Trading volume on the QE index rose 39.6% compared to the previous day. Regional indices were mixed with Saudi Arabia and Dubai rising while Abu Dhabi, Kuwait, Oman and Bahrain fell.
The QSE Index declined 0.4% to close at 8,856.9. Losses were led by the Telecoms and
Banks & Financial Services indices, falling 1.3% and 0.6%, respectively.
The QSE Index declined 1.5% led by losses in the Telecom and Insurance indices. Gulf International Services and Qatar Insurance Co. were the top losers. Trading volume fell 51.5% compared to the previous day. In the GCC, Saudi Arabia and Dubai's indices rose while Kuwait and Bahrain fell. Global data showed manufacturing PMIs were mixed with China above 50 and the US and Eurozone slightly below. Qatar's population reached a record high 2.35mn in March with a 10% annual rise.
The QSE Index in Qatar declined 0.1% led by losses in the Insurance and Banks & Financial Services indices. The top losers were Qatar Insurance Co. and QNB Group, falling 1% each. In contrast, Mazaya Qatar Real Estate Development rose 3.5% while Industries Qatar increased 1.4%. Regionally, indices in Saudi Arabia, Dubai and Abu Dhabi rose between 0.7-2.1% while Oman and Bahrain fell 0.2% and 0.9% 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 August 12, 2021QNB Group
The QE Index rose marginally to close at 10,916.1. Gains were led by the Insurance and Consumer Goods & Services indices, gaining 0.8% and 0.5%, respectively.
The QE Index rose 0.8% to close at 10,480.5. Gains were led by the Consumer Goods & Services and Transportation indices, gaining 2.3% and 1.7%, respectively.
The QE index in Qatar declined 0.9% led by losses in the industrial and banking sectors. Qatar Cinema and Ezdan Holding were the top losers falling 9.7% and 3.5% respectively. Trading volume rose 18.4% despite being 65% lower than the 30-day average. The Qatari economy is forecasted to grow 6.3% in 2014 and 7.8% in 2015 driven by non-hydrocarbon sectors like construction benefiting from government infrastructure spending. Domestic inflation is also expected to rise due to strong domestic demand and population growth.
The QE Index declined 0.4% to close at 10,794.3. Losses were led by the Industrials and Banks & Financial Services indices, falling 0.7% and 0.5%, respectively.
The QE Index rose 0.9% to close at 13,397.6. Gains were led by the Industrials and Consumer Goods & Services indices, gaining 2.8% and 2.3%, respectively.
The QE index in Qatar rose 0.2% led by gains in the insurance and industrial indices. Islamic Holding Group and Gulf International Services were the top gainers rising 10% and 7.1% respectively. Mesaieed Petrochemical declined 4.1%. Regional indices were mixed with Saudi Arabia down 0.4% while Dubai rose 2.7%. In Qatar news, deposit growth outpaced loan growth in February and the country is expected to sign $50 billion in construction contracts in 2014 for World Cup infrastructure. The $6.5 billion Al Karaana petrochemical project is targeting Asian markets.
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 rose 1.0% led by gains in the real estate and consumer goods indices. Top gainers were Barwa Real Estate and Ezdan Holding Group. Regional indices were mixed with Saudi Arabia and Kuwait up while Dubai and Oman were down. Earnings news included QNB Group reporting a 10.1% rise in net profit for 1Q2015 and IHGS reporting a 15.5% increase in 1Q2015 net profit. Other news included DBIS approving a 28% bonus share issue and announcements of upcoming earnings dates.
The QSE Index in Qatar gained 0.5% led by gains in the Banks & Financial Services and Transportation indices. National Leasing and Ahli Bank were the top gainers rising 5.0% and 3.4% respectively. Volume traded rose by 3.8% but was 27.5% lower than the 30-day moving average. In other regional markets, the Saudi and Kuwait indices fell while the UAE and Oman indices rose. Global economic data showed a decline in US mortgage applications and inflation remaining steady in the US and Eurozone. In Qatar news, Islamic Holding Group is seeking approval for a capital increase while construction has begun on the 2022 FIFA World Cup final venue in Lusail
The QSE Index in Qatar gained 0.4% led by gains in the insurance and real estate indices. Top gainers were Qatar General Insurance and Widam Food Co. Top losers were Qatar Cinema and Qatar German Co for Medical Devices. Regionally, most Gulf markets declined with Dubai down 2.7% and Saudi Arabia down 0.2%. Globally, US retail sales rose more than expected while Eurozone industrial production increased 0.8% year-over-year in April.
The document provides a daily technical analysis report on stocks traded in the Qatar stock market. It includes commentary on the performance of the QSE Index and selected stocks. It summarizes key market indicators and provides intraday support and resistance levels based on Fibonacci analysis. Technical indicators are cited to identify potential short-term weaknesses or strengths in stocks.
- The QSE Index increased 1.9% over the week to close at 12,515.86 points, with market capitalization up 0.85% to QR660.09 billion.
- Trading value increased 22.25% to QR2.72 billion compared to the prior week, led by the Real Estate sector which accounted for 32.71% of total trading value.
- Ezdan Holding Group (ERES) was the best performing stock for the week, rising 17.79%, and was also the top traded stock by value and volume.
QNBFS Daily Market Report October 20, 2021QNB Group
The QE Index rose 0.2% to close at 11,767.5. Gains were led by the Consumer Goods & Services and Banks & Financial Services indices, gaining 0.4% each.
The QE index in Qatar declined 0.7% led by losses in the real estate and industrial indices. Mazaya Qatar Real Estate Dev. and Gulf Warehousing Co. were the top losers falling 8.2% and 7.5% respectively, while Qatar General Ins. & Reins. Co. and Salam International Investment Co. rose 5.9% and 3.7% respectively. Trading volume on the QE index rose 39.6% compared to the previous day. Regional indices were mixed with Saudi Arabia and Dubai rising while Abu Dhabi, Kuwait, Oman and Bahrain fell.
The QSE Index declined 0.4% to close at 8,856.9. Losses were led by the Telecoms and
Banks & Financial Services indices, falling 1.3% and 0.6%, respectively.
The QSE Index declined 1.5% led by losses in the Telecom and Insurance indices. Gulf International Services and Qatar Insurance Co. were the top losers. Trading volume fell 51.5% compared to the previous day. In the GCC, Saudi Arabia and Dubai's indices rose while Kuwait and Bahrain fell. Global data showed manufacturing PMIs were mixed with China above 50 and the US and Eurozone slightly below. Qatar's population reached a record high 2.35mn in March with a 10% annual rise.
The QSE Index in Qatar declined 0.1% led by losses in the Insurance and Banks & Financial Services indices. The top losers were Qatar Insurance Co. and QNB Group, falling 1% each. In contrast, Mazaya Qatar Real Estate Development rose 3.5% while Industries Qatar increased 1.4%. Regionally, indices in Saudi Arabia, Dubai and Abu Dhabi rose between 0.7-2.1% while Oman and Bahrain fell 0.2% and 0.9% 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 August 12, 2021QNB Group
The QE Index rose marginally to close at 10,916.1. Gains were led by the Insurance and Consumer Goods & Services indices, gaining 0.8% and 0.5%, respectively.
The QE Index rose 0.8% to close at 10,480.5. Gains were led by the Consumer Goods & Services and Transportation indices, gaining 2.3% and 1.7%, respectively.
The QE index in Qatar declined 0.9% led by losses in the industrial and banking sectors. Qatar Cinema and Ezdan Holding were the top losers falling 9.7% and 3.5% respectively. Trading volume rose 18.4% despite being 65% lower than the 30-day average. The Qatari economy is forecasted to grow 6.3% in 2014 and 7.8% in 2015 driven by non-hydrocarbon sectors like construction benefiting from government infrastructure spending. Domestic inflation is also expected to rise due to strong domestic demand and population growth.
The QE Index declined 0.4% to close at 10,794.3. Losses were led by the Industrials and Banks & Financial Services indices, falling 0.7% and 0.5%, respectively.
The QE Index rose 0.9% to close at 13,397.6. Gains were led by the Industrials and Consumer Goods & Services indices, gaining 2.8% and 2.3%, respectively.
The QE index in Qatar rose 0.2% led by gains in the insurance and industrial indices. Islamic Holding Group and Gulf International Services were the top gainers rising 10% and 7.1% respectively. Mesaieed Petrochemical declined 4.1%. Regional indices were mixed with Saudi Arabia down 0.4% while Dubai rose 2.7%. In Qatar news, deposit growth outpaced loan growth in February and the country is expected to sign $50 billion in construction contracts in 2014 for World Cup infrastructure. The $6.5 billion Al Karaana petrochemical project is targeting Asian markets.
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 rose 1.0% led by gains in the real estate and consumer goods indices. Top gainers were Barwa Real Estate and Ezdan Holding Group. Regional indices were mixed with Saudi Arabia and Kuwait up while Dubai and Oman were down. Earnings news included QNB Group reporting a 10.1% rise in net profit for 1Q2015 and IHGS reporting a 15.5% increase in 1Q2015 net profit. Other news included DBIS approving a 28% bonus share issue and announcements of upcoming earnings dates.
The QSE Index in Qatar gained 0.5% led by gains in the Banks & Financial Services and Transportation indices. National Leasing and Ahli Bank were the top gainers rising 5.0% and 3.4% respectively. Volume traded rose by 3.8% but was 27.5% lower than the 30-day moving average. In other regional markets, the Saudi and Kuwait indices fell while the UAE and Oman indices rose. Global economic data showed a decline in US mortgage applications and inflation remaining steady in the US and Eurozone. In Qatar news, Islamic Holding Group is seeking approval for a capital increase while construction has begun on the 2022 FIFA World Cup final venue in Lusail
The QSE Index in Qatar gained 0.4% led by gains in the insurance and real estate indices. Top gainers were Qatar General Insurance and Widam Food Co. Top losers were Qatar Cinema and Qatar German Co for Medical Devices. Regionally, most Gulf markets declined with Dubai down 2.7% and Saudi Arabia down 0.2%. Globally, US retail sales rose more than expected while Eurozone industrial production increased 0.8% year-over-year in April.
The document provides a daily technical analysis report on stocks traded in the Qatar stock market. It includes commentary on the performance of the QSE Index and selected stocks. It summarizes key market indicators and provides intraday support and resistance levels based on Fibonacci analysis. Technical indicators are cited to identify potential short-term weaknesses or strengths in stocks.
- The QSE Index increased 1.9% over the week to close at 12,515.86 points, with market capitalization up 0.85% to QR660.09 billion.
- Trading value increased 22.25% to QR2.72 billion compared to the prior week, led by the Real Estate sector which accounted for 32.71% of total trading value.
- Ezdan Holding Group (ERES) was the best performing stock for the week, rising 17.79%, and was also the top traded stock by value and volume.
The QSE Index declined 0.2% led by losses in the Insurance and Transportation indices. Gulf Warehousing Co. and Qatar Islamic Insurance Co. were the top losers, falling 2.2% and 1.8% respectively. United Development Co. and Qatar Cinema & Film Distribution Co. were among the top gainers rising 1.2% each. Trading volume fell 24.1% compared to the previous day and was 78% lower than the 30-day moving average.
The document discusses India's first indigenous aircraft carrier, INS Vikrant. Some key details include: INS Vikrant began construction in 2009 at Cochin Shipyard in Kerala, India. It will be India's first aircraft carrier with STOBAR configuration, allowing it to operate MiG-29K fighter jets. The ship successfully completed its fourth and final phase of sea trials in August 2013 and is expected to be commissioned into the Indian Navy by late 2014.
1) The document studies the modification of polypropylene (PP) nonwoven fabric through grafting with a silane coupling agent and subsequent processing with chitosan or silver nitrate.
2) Fourier transform infrared spectroscopy, energy dispersive X-ray spectroscopy, thermal gravimetric analysis and other techniques showed that the silane coupling agent was successfully grafted onto the PP fabric. Processing with chitosan or silver nitrate further improved the fabric's antibacterial and thermal properties.
3) The modifications allowed the PP nonwoven fabric to take part in chemical reactions and improved its heat resistance, antibacterial properties, and water absorption capabilities.
0514 romans 64 christ was raised from the dead power point church sermonPowerPoint_Sermons
The document discusses how Christians are buried with Christ through baptism and raised to a new life, just as Christ was raised from the dead by God. It provides four versions of Romans 6:4 from different translations that convey how baptism allows believers to live a renewed spiritual life united with Christ, through the power of God.
Eric Samuel Kuhoga is seeking a position in development work related to gender or a related field. He has a Bachelor's degree in Gender and Development and experience working for organizations in teaching, research, project facilitation, and gender advising. His skills include expertise in gender issues, development processes, facilitation, and computer proficiency. He provides three references who can speak to his work experience.
This document provides information about various aspects of Australia, its indigenous people, cities, landmarks, wildlife, and culture. It discusses the Aboriginal Australians and their traditional territories. It also describes some unique Australian musical instruments, indigenous cave paintings, endemic wildlife such as marsupials, popular sports like rugby, important cities including Sydney, Adelaide, Perth and Melbourne, landmarks like the Sydney Opera House and Great Barrier Reef, and typical Australian foods.
The document is a poem about jingle bells and riding in a one-horse open sleigh on a snowy winter day, with lyrics describing the bells jingling, dashing through the snow, fields and laughter as they ride, making spirits bright by riding and singing this sleighing song tonight.
0514 matthew 625 i tell you do not worry power point church sermonPowerPoint_Sermons
The document discusses a Bible verse from Matthew 6:25 where Jesus tells his followers not to worry about basic necessities like food and clothing. He says that life is more important than food and the body is more important than clothing, so we shouldn't be perpetually anxious about meeting our physical needs. Instead, we should focus on more important spiritual matters.
The document discusses the design and construction of composite bridge piers made of steel pipes and concrete. Experimental tests on scaled pier models showed that the composite piers had higher deformation performance and more stable seismic behavior than conventional reinforced concrete hollow piers. The composite piers exceeded maximum deformation but had relatively small residual displacement after earthquakes. The analytical models of composite piers showed lower deformation performance than experimental results because they could not account for the contribution of ductile steel pipes and high-strength strands. A new construction method called Hybrid Slipform Method provides rapid construction and reduced labor for the composite piers.
Russia underwent significant reforms between 1855-1881 under the rule of Tsar Alexander II. Some key events include:
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2) Reforms to education, law courts, and local government which established new institutions like zemstvos but stopped short of a national parliament.
3) Continued unrest and assassination of Alexander II in 1881 led his son Alexander III to roll back many reforms and increase repression of opposition.
Seven years ago, students at Freiberg's Geschwister Gymnasium conducted thier first Nepal Lauf fund run, raised over 14,000 euros in 72 hours and invested in solar panels for thier school. This ensures that they get 2000 Euros every year from teh school. Namaste Nepalw as born!
The document provides a daily technical analysis report on stocks traded on the Qatar Stock Exchange. It includes commentary on index levels and individual stocks, along with charts and technical indicators. Some key points:
- The QSE index created a reversing candlestick pattern that suggests a potential correction if the index closes below 12,500. Support is expected at 12,350.
- Two stocks, QFLS and QIGD, are analyzed in more detail. Technical analysis suggests QFLS may rise further if it breaks above 219 and QIGD's recovery could continue if it breaks above 40.40.
- A section includes daily market indicators, index levels and movements, and a list of overbought and
QNBFS Daily Market Report February 5, 2017QNB Group
The QSE Index declined 0.2% with losses led by the Telecom and Insurance indices. Ahli Bank and Aamal Co. were the top losers. Qatar Islamic Insurance Co. and Masraf Al Rayan were among the top gainers. Volume traded on the QSE fell by 25.5% compared to the previous day. Industries Qatar posted a 4Q2016 net profit of QR230mn, below estimates due to impairment charges, and reduced its dividend to QR4 per share.
The QSE Index declined 0.6% led by losses in the Insurance and Banks & Financial Services indices. Qatar General Insurance & Reinsurance Co. and Qatar Cinema & Film Distribution Co. were the top losers, falling 9.9% each. Volume of shares traded fell by 3.7% compared to the previous day. News from the day includes an announcement from QSE of changes to the main index composition, trading suspensions of CBQK and QNNS shares, and plans from Qatari banks to issue bonds to strengthen their capital bases.
The QSE Index declined 1.3% led by losses in the Banks & Financial Services and Telecoms indices. Top losers were Doha Insurance Co. and QNB Group, falling 3.6% and 2.9% respectively. The declines were driven by selling pressure from non-Qatari shareholders despite support from Qatari shareholders. Regional indices were mixed with Saudi Arabia and Oman down while Kuwait was up.
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.
The QSE Index in Qatar declined 0.6% led by losses in the Insurance and Telecom indices. Top losers were Qatar Insurance Co. and Barwa Real Estate Co., falling 4.3% and 2.7% respectively. Regional indices were mixed with Saudi Arabia and Dubai down while Kuwait and Oman rose marginally. Earnings news saw profits rise for United Foods Co. and Al Buhaira National Insurance Co. but fall for BMMI in Bahrain. Global data showed French industrial production and German exports rising monthly but Chinese exports and imports declining sharply year-over-year in July.
- The QE index in Qatar declined 1.1% led by losses in the banking and real estate indices. Ezdan Holding Group and Masraf Al Rayan were the top losers.
- Regional indices were mixed with Dubai gaining and Abu Dhabi and Bahrain declining.
- Moody's maintained a stable outlook on Qatar's banking system, expecting continued strong economic environment and robust financial metrics for Qatari banks.
QNBFS Daily Market Report September 07, 2017QNB Group
The QSE Index declined 1.3% to close at 8,684.6. Losses were led by the Industrials and Banks & Financial Services indices, falling 1.9% and 1.2%, respectively.
The QSE Index in Qatar declined 1.1% led by losses in the Consumer Goods & Services and Industrials indices. Zad Holding Co. and Mazaya Qatar Real Estate Development were the top losers, falling 6.8% and 5.4% respectively. Trading volume on the QSE rose 11.4% compared to the previous day. The indexes for other GCC markets were mixed with Saudi Arabia up 0.4% while Dubai and Abu Dhabi declined 0.6%.
The QSE Index in Qatar gained 1.0% led by the Real Estate and Insurance indices. Medicare Group and Qatar German Co. for Medical Devices were the top gainers rising 4.6% each. Regional indices were mixed with Saudi Arabia and Kuwait rising marginally while Abu Dhabi and Bahrain fell. Globally, trade balance numbers were released from the US and factory orders from Germany. Several Qatar-listed companies set dates to disclose financial statements in the coming weeks.
The QE Index rose 1.3% to close at 10,764.1. Gains were led by the Consumer Goods & Services and Real Estate indices, gaining 1.8% and 1.7%, respectively.
The QSE Index in Qatar declined 0.4% led by losses in the Telecom and Insurance indices. Dlala Brokerage and Doha Insurance were the top losers, falling 3.3% and 2.9% respectively. Ahli Bank and National Leasing were among the top gainers. Regional markets were mixed with Saudi Arabia up 1.1% while Abu Dhabi fell 0.8%. Earnings reports and economic indicators were also included in the document.
The QE Index declined 1.2% to close at 10,092.6. Losses were led by the Consumer Goods & Services and Banks & Financial Services indices, falling 2.3% and 1.8%, respectively.
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 QSE Index rose 3.4% led by gains in the Banks and Industrials indices. Islamic Holding Group and Mazaya Qatar Real Estate Development Co. were the top gainers rising 9.3% and 6.1% respectively. Regional indices also rose except for Bahrain which declined marginally. Industries Qatar announced lower than expected dividends of QR7.00 per share for 2014 compared to QR11.00 in 2013, which may negatively impact its stock price.
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.
The QSE Index declined 0.2% led by losses in the Transportation and Industrials indices. Medicare Group and Mazaya Qatar Real Estate Development were the top losers, falling 3.1% and 3.0% respectively. Across other GCC markets, the Saudi and Kuwait indices declined while the Abu Dhabi and Dubai indices rose. Regional market activity and performance is also summarized.
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.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...Donc Test
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
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.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
Enhancing Asset Quality: Strategies for Financial Institutionsshruti1menon2
Ensuring robust asset quality is not just a mere aspect but a critical cornerstone for the stability and success of financial institutions worldwide. It serves as the bedrock upon which profitability is built and investor confidence is sustained. Therefore, in this presentation, we delve into a comprehensive exploration of strategies that can aid financial institutions in achieving and maintaining superior asset quality.
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
1. Page 1 of 7
QSE Intra-Day Movement
Qatar Commentary
The QSE Index rose 1.3% to close at 11,673.5. Gains were led by the Banks &
Financial Services and Insurance indices, rising 2.6% and 1.5%, respectively.
Top gainers were Qatar Islamic Bank and Masraf Al Rayan, rising 4.5 % and
3.6%, respectively. Among the top losers, Qatar Oman Investment Co. fell
6.1%, while Zad Holding Co. was down 2.2%.
GCC Commentary
Saudi Arabia: The TASI Index rose 0.1% to close at 9,331.2. Gains were led
by the Insurance and Energy & Utilities indices, rising 3.5% and 1.7%,
respectively. Saudi Arabian Coop. rose 9.9%, while Tawuniya was up 8.0%.
Dubai: The DFM Index gained 0.3% to close at 3,512.9. The Consumer
Staples index rose 4.0%, while the Services index gained 1.6%. Marka Co.
rose 5.8%, while Gulf General Investment Co. was up 4.6%.
Abu Dhabi: The ADX benchmark index rose 0.2% to close at 4,390.7. The
Energy index gained 4.7%, while the Real Estate index was up 1.8%. Abu
Dhabi National Energy surged 14.3%, while Inter. Fish Farming was up 5.5%.
Kuwait: The KSE Index fell 0.3% to close at 6,408.9. The Technology index
declined 1.2%, while the Real Estate index fell 1.0%. Aqar Real Estate
Investments Co. fell 11.8%, while Jeeran Holding Co. was down 8.6%.
Oman: The MSM Index rose 1.2% to close at 6,282.5. Gains were led by the
Financial and Industrial indices, rising 2.1% and 0.3%, respectively. Oman and
Emirates Inv. rose 5.7%, while Oman Hotels and Tourism was up 3.5%.
Bahrain: The BHB Index declined 0.3% to close at 1,450.5. The Commercial
Bank index fell 0.8%, while the other indices ended flat or green. Khaleeji
Commercial Bank declined 2.3%, while Nat. Bank of Bahrain was down 1.8%
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Qatar Islamic Bank 101.50 4.5 97.2 (0.7)
Masraf Al Rayan 47.00 3.6 420.7 6.3
Vodafone Qatar 17.78 2.9 1,128.9 8.1
Qatar Insurance Co. 80.00 2.6 235.7 1.5
QNB Group 193.00 2.4 243.2 (9.3)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Vodafone Qatar 17.78 2.9 1,128.9 8.1
Barwa Real Estate Co. 47.00 (0.1) 810.3 12.2
Ezdan Holding Group 15.36 (1.9) 747.8 2.9
Commercial Bank of Qatar 58.90 2.3 634.2 (5.4)
United Development Co. 22.00 0.0 609.5 (6.7)
Market Indicators 24 Mar 15 23 Mar 15 %Chg.
Value Traded (QR mn) 403.8 360.7 11.9
Exch. Market Cap. (QR mn) 631,237.8 623,514.6 1.2
Volume (mn) 8.1 7.6 5.6
Number of Transactions 4,729 5,039 (6.2)
Companies Traded 41 39 5.1
Market Breadth 24:12 20:16 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 18,011.05 1.3 1.5 (1.7) N/A
All Share Index 3,111.99 1.2 1.4 (1.2) 14.3
Banks 3,196.40 2.6 3.0 (0.2) 14.7
Industrials 3,764.69 0.8 0.2 (6.8) 13.0
Transportation 2,410.11 (0.2) (1.7) 4.0 13.6
Real Estate 2,344.47 (1.1) (0.2) 4.5 13.3
Insurance 4,211.65 1.5 4.7 6.4 19.6
Telecoms 1,330.33 1.3 0.3 (10.5) 21.7
Consumer 6,900.26 0.9 0.8 (0.1) 24.8
Al Rayan Islamic Index 4,246.42 1.2 1.0 3.5 14.6
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
Abu Dhabi Nat. Energy Abu Dhabi 0.80 14.3 849.0 0.0
Co. for Coop. Ins. Saudi Arabia 91.67 8.0 1,439.9 83.6
Qatar Islamic Bank Qatar 101.50 4.5 97.2 (0.7)
Bank of Sharjah Abu Dhabi 1.88 4.4 5.0 (3.6)
Masraf Al Rayan Qatar 47.00 3.6 420.7 6.3
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
Saudi Real Estate Co. Saudi Arabia 41.03 (9.4) 3,567.0 22.8
Arriyadh Develop. Co. Saudi Arabia 23.53 (6.5) 5,768.1 15.3
Dallah Healthcare Saudi Arabia 128.06 (6.5) 424.1 (1.4)
Dar Al Arkan Real Est. Saudi Arabia 9.35 (6.5) 104,174.8 15.0
Comm. Bank of Kuwait Kuwait 0.60 (6.3) 114.0 (4.8)
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 Oman Investment Co. 14.70 (6.1) 209.8 (4.5)
Zad Holding Co. 90.00 (2.2) 0.5 7.1
Ezdan Holding Group 15.36 (1.9) 747.8 2.9
Mesaieed Petrochemical Hold Co. 26.30 (1.3) 171.1 (10.8)
Qatar General Insur. & Reins. Co. 60.00 (0.8) 8.4 17.0
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Industries Qatar 133.00 1.1 55,495.5 (20.8)
QNB Group 193.00 2.4 46,140.9 (9.3)
Barwa Real Estate Co. 47.00 (0.1) 38,068.5 12.2
Commercial Bank of Qatar 58.90 2.3 36,668.3 (5.4)
Gulf International Services 89.60 0.1 23,649.3 (7.7)
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* 11,673.45 1.3 1.3 (6.2) (5.0) 110.88 173,337.9 13.8 1.9 4.1
Dubai 3,512.87 0.3 1.1 (9.1) (6.9) 123.01 86,524.2 7.8 1.4 5.9
Abu Dhabi 4,390.67 0.2 1.2 (6.3) (3.1) 60.24 121,860.6 12.0 1.5 4.2
Saudi Arabia 9,331.19 0.1 1.7 0.2 12.0 2,363.59 537,740.1 18.9 2.3 2.8
Kuwait 6,408.89 (0.3) (0.4) (2.9) (1.9) 27.60 97,337.2 17.1 1.1 3.9
Oman 6,282.50 1.2 1.0 (4.2) (1.0) 31.68 24,018.1 10.4 1.4 4.5
Bahrain 1,450.46 (0.3) (0.6) (1.7) 1.7 0.54 22,676.5 9.5 1.0 4.7
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)
11,450
11,500
11,550
11,600
11,650
11,700
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00
2. Page 2 of 7
Qatar Market Commentary
The QSE Index rose 1.3% to close at 11,673.5. The Banks &
Financial Services and Insurance indices led the gains. The
index rose on the back of buying support from non-Qatari
shareholders despite selling pressure from Qatari shareholders.
Qatar Islamic Bank and Masraf Al Rayan were the top gainers,
rising 4.5% and 3.6%, respectively. Among the top losers, Qatar
Oman Investment Co. fell 6.1%, while Zad Holding Co. was
down 2.2%.
Volume of shares traded on Tuesday rose by 5.6% to 8.1mn
from 7.6mn on Monday. However, as compared to the 30-day
moving average of 12.2mn, volume for the day was 34.0% lower.
Vodafone Qatar and Barwa Real Estate Co. were the most
active stocks, contributing 14.0% and 10.0% to the total volume
respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Earnings and Global Economic Data
Earnings Releases
Company Market Currency
Revenue
(mn) 4Q2014
% Change
YoY
Operating Profit
(mn) 4Q2014
% Change
YoY
Net Profit (mn)
4Q2014
% Change
YoY
Gulf General Investment Co.
(GGICO)*
Dubai AED 1,375.06 -19.6% 0.0 NA 94.3 33.4%
Source: Company data, DFM, ADX, MSM (*FY2014 results)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
03/24 US Bureau of Labor Stat. CPI MoM February 0.20% 0.20% -0.70%
03/24 US Bureau of Labor Stat. CPI Ex Food and Energy MoM February 0.20% 0.10% 0.20%
03/24 US Bureau of Labor Stat. CPI YoY February 0.00% -0.10% -0.10%
03/24 US Markit US Manufacturing PMI March 55.3 54.6 55.1
03/24 US Census Bureau New Home Sales February 539K 464K 500K
03/24 US Census Bureau New Home Sales MoM February 7.80% -3.50% 4.40%
03/24 US Richmond Fed Richmond Fed Manufact. Index March -8.0 3.0 0.0
03/24 EU Markit Eurozone Manufacturing PMI March 51.9 51.5 51.0
03/24 EU Markit Eurozone Services PMI March 54.3 53.9 53.7
03/24 EU Markit Eurozone Composite PMI March 54.1 53.6 53.3
03/24 France Markit France Manufacturing PMI March 48.2 48.5 47.6
03/24 France Markit France Services PMI March 52.8 52.5 53.4
03/24 France Markit France Composite PMI March 51.7 51.9 52.2
03/24 Germany Markit BME Germany Manufacturing PMI March 52.4 51.5 51.1
03/24 Germany Markit Germany Services PMI March 55.3 55.0 54.7
03/24 Germany Markit BME Germany Composite PMI March 55.3 54.1 53.8
03/24 UK ONS CPI MoM February 0.30% 0.30% -0.90%
03/24 UK ONS CPI YoY February 0.00% 0.10% 0.30%
03/24 UK ONS CPI Core YoY February 1.20% 1.30% 1.40%
03/24 UK ONS Retail Price Index February 256.7 256.6 255.4
03/24 UK ONS RPI MoM February 0.50% 0.40% -0.80%
03/24 UK ONS RPI YoY February 1.00% 0.90% 1.10%
03/24 Italy ISTAT Hourly Wages MoM February 0.00% – 0.70%
03/24 Italy ISTAT Hourly Wages YoY February 1.00% – 1.10%
03/24 China Markit HSBC China Manufacturing PMI March 49.2 50.5 50.7
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
Overall Activity Buy %* Sell %* Net (QR)
Qatari 47.97% 53.05% (20,529,313.32)
Non-Qatari 52.04% 46.95% 20,529,313.32
3. Page 3 of 7
News
Qatar
Qatar to amend classification of GCC citizens invested in
QE listed companies starting from tomorrow – Qatar Central
Depository Securities will be amending the foreign ownership
percentages for the citizens of the Gulf Cooperation Council
(GCC) and treating them as local shareholders as of Thursday,
26th
of March, 2015, based on the provisions of Law No. (9) for
the year 2014. (QCSD)
GWCS to disclose 1Q2015 results on April 23 – Gulf
Warehousing Company (GWCS) has announced that its
1Q2015 financial results will be disclosed on April 23, 2015.
(QSE)
QSE suspends trading of ERES shares on March 25 – The
Qatar Stock Exchange (QSE) has announced a suspension of
trading in the shares of Ezdan Holding Group (ERES) on March
25, 2015 due to the company’s AGM and EGM being held on
that day. (QSE)
QGMD announces agenda for AGM on April 8 – Qatari
German Company for Medical Devices (QGMD) has invited its
shareholders to attend the annual general assembly meeting
(AGM), which will be held on April 8, 2015. Shareholders at the
AGM will discuss and approve the company's financial
statements for the year ended December 31, 2014. The AGM
will also dissolve the board and elect new board members for a
period of three years. In case the required quorum is not met, a
second meeting will be held on April 14, 2015. (QSE)
Kahramaa: Qatar to build world’s largest water reservoirs –
The Qatar General Electricity & Water Corporation (Kahramaa)
said that Qatar is building the world’s largest water reservoirs to
stock the precious resource for emergency, with a total capacity
of 160mn imperial gallons. The 18 existing reservoirs in Doha
are being demolished for reconstruction. Once completed, they
will be the world’s largest concrete-based potable water
reservoirs. Kahramaa said around 2mn cubic meters of cement
will be used for building these reservoirs, along with covering
600 kilometers of pipelines. Between 2015 and 2018, three
reservoir pumping stations will be built in Mekeines, Zikrit and
Hazm Abal Jihh, with a total capacity of 18mn imperial gallons.
Further, the company said that 40 kilometers of transmission
pipelines will be installed during this period. (Peninsula Qatar)
QPMC cement silos to be operational by 2015-end – Qatar
Primary Materials Company’s (QPMC) upcoming cement
storage and conveying plant (silos) in Mesaieed will be
completed by the end of 2015. The facility has been designed to
discharge 1.8mn tons of cement per year into 12 silos (circular
structures for storing bulk materials) with a total storage capacity
of 60,000 cubic meters. Once operational, the plant will be able
to load 1,000 tons of cement per hour in trucks, which will
significantly reduce the truck loading time to around 90 seconds
per truck. (Peninsula Qatar)
Egis wins Um Alhoul Economic Zone contract – Egis, an
international group offering engineering, project structuring and
operations services, has been awarded contracts for design and
construction supervision for the Um Alhoul Economic Zone. This
strategic project is part of the Qatar National Vision 2030. The
first two zones, Ras Bufontas and Al Karaana, will be located
south of Doha airport, while the third, Um Alhoul (QEZ 3), will be
located in the port city of Al Waqrah, south of Doha. Manateq
(Economic Zones Company) awarded the construction
management of this third zone to Egis. (Peninsula Qatar)
DECC: UK’s energy dynamics to benefit Qatar – Qatar is set
to benefit from the change in dynamics of energy consumption
in the United Kingdom (UK). Britain uses coal, gas and nuclear
power plants to generate electricity. According to the
Department of Energy & Climate Change (DECC), UK is looking
at reducing the usage of coal for electricity generation in a bid to
move toward clean energy, while its nuclear power plants will
complete their work lifecycle by 2020, leaving gas as the major
source for electricity generation. This change in energy
consumption dynamics is likely to boost the demand for gas to
generate electricity. Qatar will be the biggest beneficiary of rising
demand as the UK imports 90% of its LNG from Qatar. The UK
is expected to invest around £100bn in its electricity systems in
next 10 years. (Peninsula Qatar)
International
US consumer inflation firming; new home sales at seven-
year high; manufacturing expands – Consumer prices in the
US rebounded in February as gasoline prices rose for the first
time since June 2014, and there were also signs of an uptick in
underlying inflation pressures, keeping the Federal Reserve on
course to raise interest rates in 2015. The Labor Department
said its Consumer Price Index (CPI) increased 0.2% in February
after dropping 0.7% in January, ending three straight months of
declines in the index. In the 12 months through February, the
CPI was unchanged after slipping 0.1% in January, as the
impact of an earlier plunge in global crude oil prices lingers. Fed
officials have long viewed the energy-driven weakness in prices
as transitory and economists said February's firmer readings
were in line with policymakers' projections that inflation will
move back to the central bank's 2% target. In a separate report,
the Commerce Department said new home sales jumped 7.8%
to a seasonally adjusted annual rate of 539,000 units in
February, the highest level since February 2008. Meanwhile,
Markit said its US Manufacturing Flash Purchasing Managers'
Index rose to a five-month high of 55.3 in March from a reading
of 55.1 in February. (Reuters)
ONS: First time no inflation in Britain in February –
According to official figures, British inflation vanished in
February, hitting zero for the first time on record. The Office for
National Statistics (ONS) said the annual rate of consumer price
inflation dropped to 0% from 0.3% in January, pushing away a
rate rise by the Bank of England firmly off the table for now. The
decline was bigger than economists had expected and marked
the first time there has been no growth in consumer prices since
comparable records began in 1989. The Sterling Pound
weakened slightly against the dollar after the data. Economists
said that inflation was likely to dip below zero in April – though
they stressed that Britain was at much less risk of entrenched
deflation than the Eurozone. (Reuters)
Flash PMI shows Eurozone’s economic recovery gathers
momentum – According to surveys of purchasing managers,
Eurozone’s modest economic recovery has gathered further
momentum in March, with Germany leading the fastest increase
in the private sector activity since May 2011. The surveys add to
other signs that the Eurozone economy is finally emerging from
a long period of near stagnation, aided by lower oil prices, a
weakening euro and increasing confidence following the
European Central Bank’s launch of a new stimulus program.
Data firm Markit said its composite purchasing managers index
— a measure of activity in the manufacturing and services
sectors — rose to 46-month high of 54.1 in March from 53.3 in
February. The surveys indicated the pickup in activity is likely to
be sustained, with new orders rising at the fastest pace in four
4. Page 4 of 7
years. In response, businesses hired new workers at the fastest
rate since August 2011, although it is likely take many months to
return unemployment to pre-crisis levels from the 11.2% rate
recorded in January 2015. (WSJ)
Eurozone bailout fund to analyze €1.2bn refund to Greece –
The Eurozone officials said its bailout fund will discuss the
possibility of returning to Greece €1.2bn in bank recapitalization
funds. If the board of directors of the European Financial
Stability Facility (EFSF) approves the transfer, it would be a
welcome shot in the arm for the Greek government, which is
quickly running out of cash. According to sources, Athens will be
out of money by April 20. Greece believes it should get the
€1.2bn back because it says it paid this amount from a cash
reserve of its own bank stabilization fund, the Hellenic Financial
Stability Facility (HFSF), to recapitalize Greek banks. The
recapitalization was done in cash under the previous
government of Antonis Samaras even though the HFSF still held
€10.9bn in EFSF bonds it could use for the purpose. (Reuters)
Chinese flash HSBC PMI contracts to 11-month low in
March – According to a private survey, activity in China's factory
sector dipped to a 11-month low in March 2015 as new orders
shrank, signaling persistent weakness in the economy. The poor
reading added to signs that the economy has lost momentum
despite two interest rate cuts since November 2014, a reduction
in the amount of money banks must keep in reserve and
repeated attempts by the central bank to reduce financing costs.
The flash HSBC-Markit Purchasing Managers' Index dipped to
49.2 in March on a monthly basis. Reuters had forecast 50.6,
slightly weaker than February's final PMI of 50.7. Some analysts
expect the 1Q2015 economic growth to dip below the
government's new full-year target of 7% – widely seen as the
level needed to keep employment steady, fueling calls for more
policy easing to support growth. (Reuters)
Brazilian central bank not to extend forex intervention
program – Brazil's central bank announced that it will not
extend its foreign currency (forex) intervention program past
March 31, 2015 as a combination of political problems at home
and fears of higher US interest rates push the Brazilian real
toward its lowest levels in a decade. However, the bank will roll
over all swaps expiring after May 1. The real has been one of
the worst performing currencies in March losing 10% against the
dollar. While all emerging market currencies have suffered from
fears of higher US interest rates, a number of domestic
problems have further weighed on the real. Among those issues
are Brazil's growing current account deficit, a massive corruption
scandal at state-run oil company Petrobras and uncertainty
about the approval of austerity measures proposed by President
Dilma Rousseff. Uncertainty about the central bank's strategy to
intervene in the foreign exchange market had also added to the
long list of problems weighing on the real. (Reuters)
Regional
iGTB: Mideast banks’ share of global transaction banking
revenues to rise 25% – According to a survey conducted by
iGTB, Middle East (Mideast) banks are set to increase their
share of global transaction banking revenues by at least 25%.
The survey of 18 Middle East banks revealed that 93% of the
survey’s 48 participants, who were senior-level bankers from
across the region, believe Mideast banks will catch a larger
portion of the global transaction banking market (worth $509bn)
by 2025, with 62% anticipating a growth of 25% or greater, and
34% expecting the region’s share to increase by at least 50%.
(GulfBase.com)
Ma’aden subsidiary shuts down ammonia plant – Saudi
Arabian Mining Company’s (Ma’aden) subsidiary, Ma’aden
Phosphate Company has shut down its ammonia plant in Ras
Al-Khair city after halting operations of a cooling facility to carry
out unscheduled technical repairs. The closure started on March
23, 2015 and will continue for around 10 days. The shutdown
will have no impact on the company’s ability to meet its
obligations toward its customers. (Tadawul)
Dallah Healthcare updates on Bagedo Hospital deal – Dallah
Healthcare Holding Company has received a letter from Bagedo
Trading Holding Company and Mohamed Ahmed Erfan & Sons
Holding Company, the sellers of Bagedo & Dr. Erfan General
Hospital Company (Bagedo Hospital), expressing their intention
not to extend the long stop date. This will result in the SPA,
except for certain provisions, cease to have effect on March 31,
2015. Earlier, Dallah Healthcare signed a sale & purchase
(SPA) agreement with the sellers, to purchase the entire shares
of Bagedo Hospital. The completion of the transaction was
conditional on meeting all the agreed conditions by no later than
March 31, 2015 (long stop date). (Tadawul)
Jadwa Investment, APICORP buy majority stake in SMI –
Jadwa Investment announced that Jadwa Mechanical
Opportunities Fund, along with the Arab Petroleum Investments
Corporation (APICORP) has acquired a majority stake in Saudi
Mechanical Industries (SMI). SMI is a Saudi engineering
company engaged in manufacturing a variety of products with a
focus on fluid flow and control equipment. (GulfBase.com)
Saudi cabinet approves land tax plan – Saudi Arabian cabinet
has approved a proposal to tax undeveloped land in urban areas
- a policy that could shake up investment incentives in the
Kingdom and help to resolve a housing shortage. The decision
aims to change that pattern by pushing more land out into the
market, where it can be developed. However, the cabinet gave
no details of the likely size of the tax, how it would be
implemented, or a timetable for introducing it. (Reuters)
UAE's Shah Gas project to achieve full capacity by 2Q2015
– Al Hosn Gas CEO Saif Ahmed al Ghafli said that the Shah
Gas project, which began operations in 2015 in the UAE, will
achieve full production in 2Q2015. Al Hosn Gas is the Shah Gas
development joint venture in which the Abu Dhabi National Oil
Company (ADNOC) holds a 60% stake and US-based
Occidental Petroleum holds 40% stake. The project is expected
to process around 1bn cubic feet per day (bcf/d) of sour gas into
0.5 bcf/d of usable gas. (Reuters)
UAE central bank expands Islamic banks' access to its
funds – The Central Bank of the UAE said it was making it
easier for Islamic banks to access its special lending facility by
expanding the range of collateral they can use. Islamic banks,
which account for roughly a quarter of banking assets in the
UAE, will be allowed to use Shari’ah-compliant securities other
than central bank-issued Islamic certificates of deposit to borrow
overnight from the central bank's Collateralised Murabaha
Facility, from April 1, 2015. The eligible collateral will range from
Sukuk issued by foreign governments, which must have a
minimum long-term credit rating of A, to the UAE corporate
entities and even some Sukuk which are rated below investment
grade or do not have ratings, at the central bank's discretion.
(Reuters)
Emaar seeks shareholders’ nod to distribute 15% cash
dividend – Emaar Properties has invited its shareholders to
discuss the board of directors’ proposal to distribute 15% cash
dividend of the share capital i.e. 15 fils per share for FY2014.
Shareholders will also approve reducing the board’s strength
from 11 to 10 board members. (DFM)
5. Page 5 of 7
ARIG OGM approves 5% cash dividend – Arab Insurance
Group’s (ARIG) ordinary general assembly meeting (OGM) has
approved the distribution of cash dividend equivalent to 5% of
the capital i.e. $0.05 per share, totaling $9.9mn. Shareholders
registered at the end of the trading day on March 23, 2015
(settlement date March 25, 2015) are eligible to receive
dividend. Meanwhile, shareholders also gave their go-ahead for
retaining $4.15mn of profits. (DFM)
Arabtec Construction wins AED1.04bn contract from Saudi
Aramco – Arabtec Construction, a Saudi-based subsidiary of
Arabtec Holding, has won an AED1, 040mn worth contract from
Saudi Arabian Oil Company (Saudi Aramco). The 28-month-long
project entails the design, construction, completion and
maintenance of 380 villas. The overall plot area of the project is
454,500 square meters (sqm), while the total build-up area is
166,200 sqm. (DFM)
Arabtec seeks shareholders’ nod for 5% bonus shares –
Arabtec Holding has invited its shareholders to consider and
approve the board of directors’ recommendation regarding the
distribution of dividend by way of bonus shares equivalent to 5%
of the capital, totaling 219,765,000 shares, for the year ended
December 31, 2014. (DFM)
Emirates sets IPT for $913mn 10-year Sukuk – Emirates, the
Dubai-based airline, has set the initial price thoughts (IPT) for a
$913mn Sukuk issue that will be guaranteed by Britain's export
credit agency and may price the issue as early as March 25,
2015. The IPT for the senior unsecured ten-year Sukuk issue is
set at around 100 basis points over midswaps. Emirates will use
the funds to partly pre-fund the acquisition of four new Airbus
A380-800 aircraft, which are expected to be delivered in 2015.
Emirates has picked Citigroup, HSBC, JP Morgan and National
Bank of Abu Dhabi as the joint structuring agents, with Abu
Dhabi Islamic Bank, Dubai Islamic Bank, Emirates NBD and
Standard Chartered also acting as joint lead managers.
(GulfBase.com)
Dubai Customs: Dubai foreign trade reaches AED1.33tn in
2014 – According to Dubai Customs, Dubai’s foreign trade grew
0.15% to reach AED1.33tn in 2014 from AED1.329tn in 2013.
Imports accounted for AED845bn in 2014, while exports and re-
exports were valued at AED114bn and AED372bn, respectively.
Direct trade accounted for AED818.8bn of total foreign trade
value, while free zones contributed AED488.7bn and the
customs warehouses accounted for AED23.8bn. As per the
data, phones were the largest significant traded commodity,
rising 9% to reach AED178bn, computers grew 9% to AED53bn
while the trade of personal-use and transportation vehicles rose
30% to AED68bn. (GulfBase.com)
NBF issues AED500mn Tier 1 capital – National Bank of
Fujairah (NBF) has successfully issued a second tranche of
additional Tier 1 capital worth AED500mn. The transaction was
oversubscribed by investors ranging from insurance companies
to government entities and was executed in partnership with
Rasmala Investment Bank Limited. The issue was structured to
comply with Basel III norms, and the funds raised will be used to
support the bank's ongoing growth plans. Funds raised will
improve the bank’s Tier 1 capital adequacy ratio to 15.9%, up
from 14.6% in 2014. (ADX)
Aabar to raise up to €2bn via UniCredit exchangeable
bonds – Abu Dhabi's Aabar Investments, which owns just over
5% of Italian bank UniCredit, said it would sell two tranches of
bonds exchangeable into shares of UniCredit, worth €750mn
each, with an option to increase that amount by a further
€250mn per tranche. At the same time, it would repurchase a
previous 2016 bond exchangeable into shares of the German
car maker, Daimler. Aabar said the proceeds of the offering
would be used for general corporate purposes, including the
repurchase of the Daimler bonds. (Reuters)
Aldar completes sale of all 281 land plots at Al Merief –
Aldar Properties has successfully completed the sale of all 281
land plots at Al Merief. Aldar’s first development in 2015 was
fully sold in an off-market sales process, generating over
AED600mn of revenues. The plots are located at Khalifa City,
Abu Dhabi and were purchased by Emirati buyers with
downpayment terms of between 50-100%. (GulfBase.com)
CSB: Kuwait trade surplus shrinks 44% in 4Q2014 –
According to data released by the Central Statistical Bureau
(CSB), Kuwait's foreign trade surplus narrowed 44% YoY to
KD3.33bn 4Q2014. Exports decreased to KD5.67bn in 4Q2014
from KD8.03bn recorded in 4Q2013. (GulfBase.com)
Sembcorp Salalah AGM approves 4.2% cash dividend –
Sembcorp Salalah Power & Water Company’s annual general
meeting (AGM) has approved a proposed cash dividend of 4.2%
of the share capital, i.e. 42 baizas per share. Shareholders
registered with the Muscat Clearing & Depository Company as
of April 1, 2015 will be eligible for dividend. (MSM)
DIDIC wins Salalah 2 IPP contract – Dhofar International
Development & Investment Holding Company (DIDIC) has won
a contract for the development of the Salalah 2 Independent
Power Project (IPP). DIDIC won the award as part of a
consortium comprising Japan’s Mitsui & Co. Ltd and the
International Company for Water and Power Projects (ACWA
Power). This investment is part of DIDIC’s new strategic
diversified investment plan and the management anticipates that
this strategic investment will be of substantial benefit to the
company. (MSM)
PSC AGM approves 30% cash dividend – Port Services
Corporation’s (PSC) ordinary annual general meeting (AGM)
has approved the distribution of cash dividend equivalent to 30%
of the share capital i.e. 30 baizas per share to the shareholders
on the day of the AGM for the financial year ended December
31, 2014. (MSM)
Bank Muscat, Oman Air launch joint promotion – Bank
Muscat and Oman Air have launched a joint promotion offering
35% discount on Oman Air tickets booked through the call
center and retail outlets of the airline with Bank Muscat credit
cards. (GulfBase.com)
A’saffa Foods AGM approves 18% cash dividend – A’saffa
Foods’ ordinary annual general meeting (AGM) has approved
the board of directors’ recommendation to pay a cash dividend
of 18% of the paid-up capital for the year 2014. (MSM)
Omantel shareholders approve OMR50mn Sukuk issue –
Oman Telecommunications’ (Omantel) shareholders have
approved the issuance of Islamic bonds, or Sukuk worth
OMR50mn. (GulfBase.com)
AOFS AGM approves 25% dividend for 2014 – Al Omaniya
Financial Services Company’s (AOFS) annual general meeting
(AGM) has approved a dividend of 25% for the year ended
2014, comprising 15% cash, 2% stock dividend and 8%
compulsorily convertible unsecured bonus stock bonds.
(GulfBase.com)
Sunset Pacific to acquire participating stake in Oman oil
block – Sunset Pacific Petroleum Limited, a Canadian oil & gas
firm, has entered into a non-binding letter of intent (LOI) to
acquire a 56.25% participating interest in an unspecified,
existing exploration & production sharing agreement for an
onshore oil block in Oman, with the current block holder owning
6. Page 6 of 7
an 18.75% participating interest and the Sultanate of Oman
owning the remaining 25% interest in the property. Under the
terms of the exploration & sharing agreement, the Oman
government will carry the exploration phase, while Sunset
Pacific will be the operator of the block. Pursuant to the terms of
the LOI, Sunset Pacific will pay the current block holder $0.1mn
within 30 days after signing the LOI. A finder’s fee may be
payable with respect to this transaction. The parties are now
working to finalize the necessary formal agreements as soon as
practicable. (GulfBase.com)
BisB shareholders gives go-ahead to form a SPV – Bahrain
Islamic Bank’s (BisB) shareholders have approved the issuance
of 9,396,735 shares with a nominal value of 100 fils each which,
amounting BHD0.94mn to establish a special purpose vehicle
(SPV). The SPV will administer the shares granted to staff
according to the new incentive scheme amended in accordance
with the Central Bank of Bahrain (CBB). Shareholders also
approved the board’s recommendation to transfer BHD0.93mn
to the legal reserve, and not to distribute any dividend to
shareholders for 2014. (GulfBase.com)
Al Baraka shareholders approve cash, stock dividend – Al
Baraka Banking Group’s shareholders have approved cash
dividend of 3% (3 cents per share) and one bonus share for
every 50 fully paid up shares. The cash dividend payout
amounts to $32.82mn and the bonus issue amounts to
$21.88mn. The issued and paid up share capital of the bank has
been increased from $1.09bn to $1.12bn by transferring
$21.88mn to the share capital and the issue of bonus shares.
Shareholders also approved the transfer of 10% of the net
income amounting to $15.17mn to the statutory reserve.
(GulfBase.com)
7. Contacts
Saugata Sarkar Ahmed Al-Khoudary Sahbi Kasraoui
Head of Research Head of Sales Trading – Institutional Manager – HNWI
Tel: (+974) 4476 6534 Tel: (+974) 4476 6548 Tel: (+974) 4476 6544
saugata.sarkar@qnbfs.com.qa ahmed.alkhoudary@qnbfs.com.qa sahbi.alkasraoui@qnbfs.com.qa
QNB Financial Services SPC
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services SPC (“QNBFS”) a wholly-owned subsidiary of QNB SAQ (“QNB”). QNBFS is regulated by the
Qatar Financial Markets Authority and the Qatar Exchange QNB SAQ is regulated by the Qatar Central Bank. This publication expresses the views and opinions of QNBFS at a given time only. It is
not an offer, promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or financial advice. QNBFS accepts no liability
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Page 7 of 7
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
80.0
100.0
120.0
140.0
160.0
180.0
200.0
220.0
Feb-11 Feb-12 Feb-13 Feb-14 Feb-15
QSE Index S&P Pan Arab S&P GCC
0.1%
1.3%
(0.3%) (0.3%)
1.2%
0.2%
0.3%
(0.6%)
0.0%
0.6%
1.2%
1.8%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,193.33 0.3 0.9 0.7 MSCI World Index 1,772.41 (0.3) (0.1) 3.7
Silver/Ounce 16.97 (0.1) 1.3 8.1 DJ Industrial 18,011.14 (0.6) (0.6) 1.1
Crude Oil (Brent)/Barrel (FM
Future)
55.11 (1.4) (0.4) (3.9) S&P 500 2,091.50 (0.6) (0.8) 1.6
Crude Oil (WTI)/Barrel (FM
Future)
47.51 0.1 3.9 (10.8) NASDAQ 100 4,994.73 (0.3) (0.6) 5.5
Natural Gas (Henry
Hub)/MMBtu
2.78 3.4 (1.6) (7.3) STOXX 600 402.49 0.2 0.3 6.0
LPG Propane (Arab Gulf)/Ton 51.50 1.0 2.7 5.1 DAX 12,005.69 0.8 0.4 10.0
LPG Butane (Arab Gulf)/Ton 57.50 0.2 1.3 (8.4) FTSE 100 7,019.68 (0.8) (0.8) 2.0
Euro 1.09 (0.2) 1.0 (9.7) CAC 40 5,088.28 0.6 0.7 7.5
Yen 119.76 0.0 (0.2) (0.0) Nikkei 19,713.45 (0.1) 1.0 12.8
GBP 1.49 (0.7) (0.7) (4.7) MSCI EM 978.25 0.3 0.9 2.3
CHF 1.04 0.8 1.7 3.8 SHANGHAI SE Composite 3,691.41 0.3 2.1 14.2
AUD 0.79 (0.0) 1.3 (3.6) HANG SENG 24,399.60 (0.4) 0.1 3.3
USD Index 97.19 0.2 (0.7) 7.7 BSE SENSEX 28,161.72 (0.5) (0.6) 3.7
RUB 57.73 (1.7) (2.6) (4.9) Bovespa 51,506.07 0.2 2.0 (12.8)
BRL 0.32 (0.2) 2.9 (15.6) RTS
167.7
136.2
124.9