The QSE Index fell 0.7% due to losses in the Real Estate and Industrials indices. Qatari Investors Group and Gulf International Services were the top losers. Ahli Bank rose 6.5% and was a top gainer. Trading volume fell 8.5% compared to the previous day but was 1.2% higher than the 30-day average. In other markets, indices in Saudi Arabia rose 0.1% while Dubai fell 0.9% and Abu Dhabi fell 0.4%. News mentioned Qatar's real estate price index hitting a record high and the machinery and equipment index in Qatar edging higher in the first half of 2015.
The QSE Index declined 0.8% to close at 9,959.7 led by losses in the Banks & Financial Services and Real Estate indices. Qatar General Insurance & Reinsurance Co. and Al Khalij Commercial Bank were the top losers falling 5.2% and 2.7% respectively. Islamic Holding Group gained 8.3% while Qatar Industrial Manufacturing Co. rose 2.5%. Trading volume rose 14% while the number of transactions increased 20.1%.
The QSE Index in Qatar rose 0.7% led by gains in the real estate and telecom indices. Ahli Bank and Barwa Real Estate Co. were the top gainers rising 3.2% and 2.6% respectively. Regional markets were mixed with Abu Dhabi falling 0.7% while Kuwait rose 0.2%. Earnings reports from companies in Dubai and Abu Dhabi saw mixed revenue and profits results compared to the prior year. Global economic data showed the US industrial production rose more than expected while Eurozone GDP growth was confirmed at 0.3% for Q2 2015.
The QSE Index gained 0.2% led by the Telecom and Real Estate indices. Top gainers were Qatari Investors Group and Qatar Islamic Insurance Co. Top losers were Al Khaleej Takaful Group and Qatar General Insurance & Reinsurance Co. Trading volume fell 17% compared to the previous day. Regional indices were mixed with Saudi Arabia and Kuwait up slightly while Oman declined. Earnings news included MPHC's net profit rising 147% QoQ on higher sales volumes and a tax refund. Ashghal announced completion of excavation for the main tunnel of the Mesaimeer Surface and Ground Water Drainage Project.
The QSE Index in Qatar gained 0.5% led by the Insurance and Transportation indices. Top gainers were Qatar Insurance Co. and United Development Co. Top losers were Medicare Group and Al Khaleej Takaful Group. Regional markets were also up with Saudi Arabia rising 0.7% and Dubai gaining 1.2%. Earnings results were mixed with some companies such as Petrochem reporting higher profits while others such as Al-Baha saw losses.
The QSE Index in Qatar declined 0.2% due to losses in the Banks & Financial Services and Consumer Goods & Services indices. Qatar Cinema & Film Distribution Co. and Qatari Investors Group were the top losers, falling 9.9% and 4.5% respectively. Meanwhile, Qatar German Co. for Medical Devices and Ahli Bank were the top gainers, rising 6.3% each. Overall trading volume on the QSE fell by 13.7% compared to the previous day.
The QSE Index in Qatar declined 1.4% led by losses in the Industrials and Real Estate indices. Gulf International Services and Qatar German Co. for Medical Devices were the top losers, falling 9.9% and 4.3% respectively. Trading volume on the QSE rose by 8.7% compared to the previous day. According to a report, Qatar was the most acquisitive nation in the Middle East region in the first quarter of 2015, accounting for 48% of outbound M&A activity in the region.
The QE index in Qatar declined 0.2% due to losses in the telecom and industrial sectors. Top losers were Al Khaleej Takaful Group and Qatar Navigation. Top gainers included Qatar & Oman Investment Co and Qatari Investors Group. Regional indices were mixed with Saudi Arabia down 0.7% while Kuwait and Abu Dhabi rose 1.3% and 0.3% respectively. News from Qatar included MSCI upgrading Qatar and UAE to emerging market status, QGTS signing a $917mn refinancing deal, and Ashghal awarding several major road contracts.
The QSE Index declined 0.8% to close at 9,959.7 led by losses in the Banks & Financial Services and Real Estate indices. Qatar General Insurance & Reinsurance Co. and Al Khalij Commercial Bank were the top losers falling 5.2% and 2.7% respectively. Islamic Holding Group gained 8.3% while Qatar Industrial Manufacturing Co. rose 2.5%. Trading volume rose 14% while the number of transactions increased 20.1%.
The QSE Index in Qatar rose 0.7% led by gains in the real estate and telecom indices. Ahli Bank and Barwa Real Estate Co. were the top gainers rising 3.2% and 2.6% respectively. Regional markets were mixed with Abu Dhabi falling 0.7% while Kuwait rose 0.2%. Earnings reports from companies in Dubai and Abu Dhabi saw mixed revenue and profits results compared to the prior year. Global economic data showed the US industrial production rose more than expected while Eurozone GDP growth was confirmed at 0.3% for Q2 2015.
The QSE Index gained 0.2% led by the Telecom and Real Estate indices. Top gainers were Qatari Investors Group and Qatar Islamic Insurance Co. Top losers were Al Khaleej Takaful Group and Qatar General Insurance & Reinsurance Co. Trading volume fell 17% compared to the previous day. Regional indices were mixed with Saudi Arabia and Kuwait up slightly while Oman declined. Earnings news included MPHC's net profit rising 147% QoQ on higher sales volumes and a tax refund. Ashghal announced completion of excavation for the main tunnel of the Mesaimeer Surface and Ground Water Drainage Project.
The QSE Index in Qatar gained 0.5% led by the Insurance and Transportation indices. Top gainers were Qatar Insurance Co. and United Development Co. Top losers were Medicare Group and Al Khaleej Takaful Group. Regional markets were also up with Saudi Arabia rising 0.7% and Dubai gaining 1.2%. Earnings results were mixed with some companies such as Petrochem reporting higher profits while others such as Al-Baha saw losses.
The QSE Index in Qatar declined 0.2% due to losses in the Banks & Financial Services and Consumer Goods & Services indices. Qatar Cinema & Film Distribution Co. and Qatari Investors Group were the top losers, falling 9.9% and 4.5% respectively. Meanwhile, Qatar German Co. for Medical Devices and Ahli Bank were the top gainers, rising 6.3% each. Overall trading volume on the QSE fell by 13.7% compared to the previous day.
The QSE Index in Qatar declined 1.4% led by losses in the Industrials and Real Estate indices. Gulf International Services and Qatar German Co. for Medical Devices were the top losers, falling 9.9% and 4.3% respectively. Trading volume on the QSE rose by 8.7% compared to the previous day. According to a report, Qatar was the most acquisitive nation in the Middle East region in the first quarter of 2015, accounting for 48% of outbound M&A activity in the region.
The QE index in Qatar declined 0.2% due to losses in the telecom and industrial sectors. Top losers were Al Khaleej Takaful Group and Qatar Navigation. Top gainers included Qatar & Oman Investment Co and Qatari Investors Group. Regional indices were mixed with Saudi Arabia down 0.7% while Kuwait and Abu Dhabi rose 1.3% and 0.3% respectively. News from Qatar included MSCI upgrading Qatar and UAE to emerging market status, QGTS signing a $917mn refinancing deal, and Ashghal awarding several major road contracts.
The document provides an overview of stock market performance and news across various Middle Eastern markets including Qatar, Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain. The key points are:
- The Qatar stock market index declined 0.2% while indices in Kuwait and Oman rose slightly and indices in other markets fell. Top gainers and losers are listed for each market.
- Earnings releases are reported for various companies with revenue, profit and other financial details.
- Global economic indicators are also provided including manufacturing and services PMI data, home sales, unemployment and other data from regions like the US, Europe, China and Japan.
- The document
QNBFS Daily Market Report October 31, 2021QNB Group
The QE Index rose 1.2% to close at 11,806.5. Gains were led by the Banks & Financial Services and Consumer Goods & Services indices, gaining 2.1% and 1.2%, respectively.
The QSE Index gained 0.7% led by the Telecom and Banks indices. Qatar German Co. for Medical Devices and Islamic Holding Group rose 10% each, while Qatar General Insurance fell 3.8%. Volume rose 9.7% with Qatar German and Vodafone Qatar being the most active. The PM called for continued diversification of Qatar's economy to achieve Vision 2030 goals. Doha Bank plans a $250mn capital infusion in its Indian operations over 3 years to support loan growth. Qatar will showcase 13 leading listed companies in London.
The QE index rose 0.5% to close at 11,361.6, led by gains in the banking and financial services and real estate indices. Medicare Group and Qatar International Islamic Bank were the top gainers, rising 3.4% each, while Qatari Investors Group fell 9.8% and Commercial Bank of Qatar declined 4.0%. Volume traded rose 50.9% compared to the previous day and was 79.9% higher than the 30-day moving average. Regional indices were mixed with Dubai and Abu Dhabi rising while Saudi Arabia and Oman fell.
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.
The QE index in Qatar declined 0.7% due to losses in the real estate and transportation indices. Top losers were Dlala Brok. & Inv. Holding Co. and United Development Co., falling 2.8% and 2.6% respectively. In other GCC markets, the indices in Saudi Arabia and Abu Dhabi increased while the rest declined. Regional economic data and company news are also included in the daily market commentary report.
QNBFS Daily Market Report December 16, 2021QNB Group
The QE Index declined 0.7% to close at 11,642.1. Losses were led by the Industrials and Banks & Financial Services indices, falling 1.3% and 0.7%, respectively
The document summarizes stock market activity in Qatar and other GCC countries on January 7th. The Qatari stock market rose 0.7% overall, led by gains in real estate and consumer goods stocks. Islamic Holding Group and Gulf International Services were the top gainers, while Qatar Cinema and Qatar National Cement were the top losers. Other regional markets in Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain saw mixed performance for the day. The document also provides company earnings releases and global economic indicators.
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.
The QSE Index declined 0.3% with losses led by the Real Estate and Banks & Financial Services indices. Qatar Electricity & Water Co. and Ezdan Holding Group were the top losers. Volume traded fell 27.2% compared to the 30-day moving average. The document also provides stock market commentary and movement for other GCC countries as well as global economic indicators and Qatar and regional company news.
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 document summarizes daily market activity in Qatar and other GCC countries. On the Qatari market, the QE Index rose 0.4% as the Real Estate and Consumer Goods & Services indices increased. Investment Holding Group and Ezdan Holding Group were the top gainers. Saudi markets declined marginally overall while Dubai and Abu Dhabi gained. Earnings reports are expected soon from several Qatari banks and companies. Global economic data showed initial US jobless claims rose slightly while Chinese CPI and PPI increased more than expected year-over-year.
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 1.9% led by losses in the telecom and consumer goods indices. Qatar Islamic Insurance and Qatar Meat & Livestock were the top losers, falling 4.3% and 4.2% respectively, while Qatar General Insurance rose 10%. Across other GCC markets, indices declined as well, with Saudi Arabia down 2.2%, Dubai down 3.7%, and Abu Dhabi down 2.3%. International economic news included the Fed reporting modest US growth and the IMF warning of risks to emerging markets from tighter US monetary policy.
The QE index in Qatar rose 0.4% led by gains in the Telecom and Consumer Goods indices. Top gainers were Qatar Cinema & Film Distribution and Islamic Holding Group. Top traded stocks by volume were United Development Co. and Qatar Gas Transport Co. Regional indices were also up except for Oman which rose 0.3%. Banking data for Qatar showed deposits up 0.1% MoM while loans were flat in August.
The QE index in Qatar declined 3.1% led by losses in the Telecom and Transportation indices. Ooredoo and Vodafone Qatar were the top losers falling 10% each. Overall trading activity saw more selling by Qatari shareholders and buying by non-Qatari shareholders. QNB Group commented that Qatar's real estate prices remain within fundamentals despite reaching record highs.
The QSE Index declined 0.8% led by losses in the Insurance and Telecom indices. Qatar General Insurance and Dlala Brokerage were the top losers falling 8.0% and 5.2% respectively, while Zad Holding rose 3.4% and Ahli Bank rose 3.0%. Trading volume on the QSE rose 99.7% compared to the previous day. Regionally, indices were mixed with Saudi Arabia up 0.4% and Abu Dhabi up 0.0% while Dubai fell 0.8%, Kuwait fell 2.4% and Oman fell 2.6%.
The QE index in Qatar declined 0.2% led by declines in the real estate and transportation indices. United Development Co. and Barwa Real Estate Co. were the top losers. The declines occurred despite buying support from Qatari shareholders as non-Qatari shareholders were selling. Volume traded on the QE exchange declined nearly 28% compared to its 30-day moving average. Meanwhile, indices in other GCC markets were mixed with Saudi Arabia down 0.3% while Dubai and Oman rose 0.5% and 0.7% respectively. Global economic data showed initial US jobless claims were lower than expected and US GDP growth was confirmed at an annualized 2.5% for Q2 2013.
The document provides an overview of stock market performance and news across various Middle Eastern markets including Qatar, Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain. The key points are:
- The Qatar stock market index declined 0.2% while indices in Kuwait and Oman rose slightly and indices in other markets fell. Top gainers and losers are listed for each market.
- Earnings releases are reported for various companies with revenue, profit and other financial details.
- Global economic indicators are also provided including manufacturing and services PMI data, home sales, unemployment and other data from regions like the US, Europe, China and Japan.
- The document
QNBFS Daily Market Report October 31, 2021QNB Group
The QE Index rose 1.2% to close at 11,806.5. Gains were led by the Banks & Financial Services and Consumer Goods & Services indices, gaining 2.1% and 1.2%, respectively.
The QSE Index gained 0.7% led by the Telecom and Banks indices. Qatar German Co. for Medical Devices and Islamic Holding Group rose 10% each, while Qatar General Insurance fell 3.8%. Volume rose 9.7% with Qatar German and Vodafone Qatar being the most active. The PM called for continued diversification of Qatar's economy to achieve Vision 2030 goals. Doha Bank plans a $250mn capital infusion in its Indian operations over 3 years to support loan growth. Qatar will showcase 13 leading listed companies in London.
The QE index rose 0.5% to close at 11,361.6, led by gains in the banking and financial services and real estate indices. Medicare Group and Qatar International Islamic Bank were the top gainers, rising 3.4% each, while Qatari Investors Group fell 9.8% and Commercial Bank of Qatar declined 4.0%. Volume traded rose 50.9% compared to the previous day and was 79.9% higher than the 30-day moving average. Regional indices were mixed with Dubai and Abu Dhabi rising while Saudi Arabia and Oman fell.
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.
The QE index in Qatar declined 0.7% due to losses in the real estate and transportation indices. Top losers were Dlala Brok. & Inv. Holding Co. and United Development Co., falling 2.8% and 2.6% respectively. In other GCC markets, the indices in Saudi Arabia and Abu Dhabi increased while the rest declined. Regional economic data and company news are also included in the daily market commentary report.
QNBFS Daily Market Report December 16, 2021QNB Group
The QE Index declined 0.7% to close at 11,642.1. Losses were led by the Industrials and Banks & Financial Services indices, falling 1.3% and 0.7%, respectively
The document summarizes stock market activity in Qatar and other GCC countries on January 7th. The Qatari stock market rose 0.7% overall, led by gains in real estate and consumer goods stocks. Islamic Holding Group and Gulf International Services were the top gainers, while Qatar Cinema and Qatar National Cement were the top losers. Other regional markets in Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain saw mixed performance for the day. The document also provides company earnings releases and global economic indicators.
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.
The QSE Index declined 0.3% with losses led by the Real Estate and Banks & Financial Services indices. Qatar Electricity & Water Co. and Ezdan Holding Group were the top losers. Volume traded fell 27.2% compared to the 30-day moving average. The document also provides stock market commentary and movement for other GCC countries as well as global economic indicators and Qatar and regional company news.
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 document summarizes daily market activity in Qatar and other GCC countries. On the Qatari market, the QE Index rose 0.4% as the Real Estate and Consumer Goods & Services indices increased. Investment Holding Group and Ezdan Holding Group were the top gainers. Saudi markets declined marginally overall while Dubai and Abu Dhabi gained. Earnings reports are expected soon from several Qatari banks and companies. Global economic data showed initial US jobless claims rose slightly while Chinese CPI and PPI increased more than expected year-over-year.
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 1.9% led by losses in the telecom and consumer goods indices. Qatar Islamic Insurance and Qatar Meat & Livestock were the top losers, falling 4.3% and 4.2% respectively, while Qatar General Insurance rose 10%. Across other GCC markets, indices declined as well, with Saudi Arabia down 2.2%, Dubai down 3.7%, and Abu Dhabi down 2.3%. International economic news included the Fed reporting modest US growth and the IMF warning of risks to emerging markets from tighter US monetary policy.
The QE index in Qatar rose 0.4% led by gains in the Telecom and Consumer Goods indices. Top gainers were Qatar Cinema & Film Distribution and Islamic Holding Group. Top traded stocks by volume were United Development Co. and Qatar Gas Transport Co. Regional indices were also up except for Oman which rose 0.3%. Banking data for Qatar showed deposits up 0.1% MoM while loans were flat in August.
The QE index in Qatar declined 3.1% led by losses in the Telecom and Transportation indices. Ooredoo and Vodafone Qatar were the top losers falling 10% each. Overall trading activity saw more selling by Qatari shareholders and buying by non-Qatari shareholders. QNB Group commented that Qatar's real estate prices remain within fundamentals despite reaching record highs.
The QSE Index declined 0.8% led by losses in the Insurance and Telecom indices. Qatar General Insurance and Dlala Brokerage were the top losers falling 8.0% and 5.2% respectively, while Zad Holding rose 3.4% and Ahli Bank rose 3.0%. Trading volume on the QSE rose 99.7% compared to the previous day. Regionally, indices were mixed with Saudi Arabia up 0.4% and Abu Dhabi up 0.0% while Dubai fell 0.8%, Kuwait fell 2.4% and Oman fell 2.6%.
The QE index in Qatar declined 0.2% led by declines in the real estate and transportation indices. United Development Co. and Barwa Real Estate Co. were the top losers. The declines occurred despite buying support from Qatari shareholders as non-Qatari shareholders were selling. Volume traded on the QE exchange declined nearly 28% compared to its 30-day moving average. Meanwhile, indices in other GCC markets were mixed with Saudi Arabia down 0.3% while Dubai and Oman rose 0.5% and 0.7% respectively. Global economic data showed initial US jobless claims were lower than expected and US GDP growth was confirmed at an annualized 2.5% for Q2 2013.
The QE index in Qatar rose 0.6% led by gains in the real estate and transportation indices. Qatari Investors Group and Barwa Real Estate Co. were the top gainers rising 3.2% each, while Qatar Fuel Co. fell 0.6%. Regional indices were mixed with Saudi Arabia and Oman declining while gains were seen in Qatar.
The document summarizes daily market activity and commentary for the Qatari, GCC and global markets. Specifically:
- The QSE index declined marginally led by losses in the telecom and consumer goods indices. Top losers were Al Khalij Commercial Bank and Qatar Oman Investment Co.
- Saudi markets rose led by the media and hotel indices. Saudi Research & Marketing and Saudi Printing & Packaging were top gainers.
- Dubai and Abu Dhabi markets declined with losses in real estate and energy indices. Top decliners included National Central Cooling Co. and Sharjah Islamic Bank.
- Other GCC markets saw modest declines except for Oman which was marginally down.
The QSE Index declined 1.2% led by losses in the Telecom and Real Estate indices. Dlala Brokerage and Zad Holding were the top losers falling 3.8% and 2.8% respectively. Regional markets were mixed with Saudi Arabia and Kuwait rising slightly while Dubai and Abu Dhabi fell. QNB Group reported a 10.2% rise in 1H2015 net profit driven by growth in net interest and fee income.
The QSE Index declined 0.6% led by declines in the Real Estate and Banks & Financial Services indices. Ezdan Holding Group and Doha Insurance Co. were the top losers. Regional indices were also mostly lower with Saudi Arabia down 1.6% and Abu Dhabi down 0.8%. Trading volumes on the QSE rose 86.4% however remained below the 30-day average. Non-Qatari shareholders were net sellers while Qatari and GCC shareholders were net buyers.
QNBFS Daily Market Report December 23, 2021QNB Group
The QE Index rose 0.3% to close at 11,683.7. Gains were led by the Banks & Financial Services and Transportation indices, gaining 0.4% and 0.2%, respectively
The QE Index declined 0.2% to close at 10,843.0. Losses were led by the Telecoms and Banks & Financial Services indices, falling 1.1% and 0.3%, respectively.
The QSE Index in Qatar declined 1.4% led by losses in the Industrials and Real Estate indices. Gulf International Services and Qatar German Co. for Medical Devices were the top losers, falling 9.9% and 4.3% respectively. Trading volume on the QSE rose by 8.7% compared to the previous day. According to a report, Qatar was the most acquisitive nation in the Middle East during the first quarter of 2015, accounting for 48% of outbound M&A activity in the region.
The QSE Index rose 0.9% led by gains in the real estate and industrial indices. Top gainers were Al Khaleej Takaful Group and Qatar International Islamic Bank. Regional markets were mostly higher with Saudi Arabia's TASI up 2.1% led by real estate and transport indices. Globally, US job openings rose more than expected in February while UK and eurozone services PMIs were higher in March.
The document provides an intra-day market summary and commentary for Qatar and other GCC exchanges. It summarizes that the QE index in Qatar rose 1.3% led by gains in the real estate and industrial indices. Top gainers included Doha Insurance Co. and Gulf International Services. It also provides company earnings results and global economic data updates.
QNBFS Daily Market Report October 10, 2021QNB Group
The QE Index declined 0.6% to close at 11,535.2. Losses were led by the Industrials and Banks & Financial Services indices, falling 1.3% and 0.4%, respectively.
The QSE Index in Qatar declined 0.7% on lower real estate and insurance stocks. In the GCC, Saudi Arabia fell the most while Bahrain gained. Top losers were Al Khaleej Takaful and Gulf Warehousing in Qatar, and Etihad Etisalat and National Bank of Fujairah in other GCC markets. US jobless claims were lower than expected and eurozone manufacturing PMIs were mixed.
QNBFS Daily Market Report October 27, 2020QNB Group
The QE Index in Qatar declined marginally to close at 9,807.5, led by losses in the Industrials and Banks & Financial Services indices. The Commercial Bank and Industries Qatar were the top losers. In other GCC markets, the TASI index in Saudi Arabia gained marginally while the DFM index in Dubai fell. The ADX index in Abu Dhabi and MSM index in Oman closed marginally down while the BHB index in Bahrain also fell marginally. Trading activity on the QSE increased during the day.
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 QE index in Qatar declined slightly by 0.1% led by losses in the telecom and consumer goods sectors. Mesaieed Petrochem and Qatari Investors Group were among the top gainers, while Doha Insurance and Qatar Oman Investment were the top losers. Trading volume fell by 13.8% compared to the previous day but was higher than the 30-day average. Regional indices were mixed with Abu Dhabi rising 1% and Saudi Arabia falling marginally.
The document provides an overview of stock market activity and company news from Qatar and other GCC countries. Key points:
- The Qatar stock market index rose 0.2% led by gains in the telecom and industrial sectors. Top gainers were Qatar German Co. for Med. Dev. and Islamic Holding Group.
- Regional markets were mixed with Dubai and Abu Dhabi rising while Saudi Arabia, Kuwait, and Oman fell.
- Company earnings news included QNB Group reporting a 15.1% rise in 1H2013 net profit and its plans to commence operations in India in 3Q2013.
- MSCI Qatar Index announced provisional weights for some Qatari companies
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.
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.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
[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
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
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.
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.
Understanding how timely GST payments influence a lender's decision to approve loans, this topic explores the correlation between GST compliance and creditworthiness. It highlights how consistent GST payments can enhance a business's financial credibility, potentially leading to higher chances of loan approval.
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.
"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.
Detailed power point presentation on compound interest and how it is calculated
28 July Daily market report
1. Page 1 of 6
QSE Intra-Day Movement
Qatar Commentary
The QSE Index fell 0.7% to close at 11,831.3. Losses were led by the Real Estate and
Industrials indices, falling 1.0% and 0.7%, respectively. Top losers were Qatari Investors
Group and Gulf International Services, falling 2.7% and 2.4%, respectively. Among the
top gainers, Ahli Bank rose 6.5%, while Zad Holding Co. was up 1.6%.
GCC Commentary
Saudi Arabia: The TASI Index rose 0.1% to close at 9,090.8. Gains were led by the Hotel
& Tourism and Energy & Utilities indices, rising 0.8% each. Salama Cooperative
Insurance Co. rose 6.9%, while WAFA Insurance was up 3.1%.
Dubai: The DFM Index declined 0.9% to close at 4,110.0. The Consumer Staples index
fell 1.4%, while the Services index declined 1.2%. Gulf General Investment Co. fell 3.2%,
while Shuaa Capital was down 2.8%.
Abu Dhabi: The ADX benchmark index fell 0.4% to close at 4,854.6. The Investment &
Financial Services index declined 3.1%, while the Real Estate index fell 1.2%.
Commercial Bank International declined 9.1%, while Waha Capital declined 3.2%.
Kuwait: The KSE Index declined 0.4% to close at 6,235.5. The Banks and Consumer
Goods indices declined 0.8% each. Kuwait Building Materials Manufacturing Co.
declined 5.8%, while Kuwait Resorts Co. was down 5.5%.
Oman: The MSM Index fell 0.2% to close at 6,556.7. Losses were led by the Financial
and Industrial indices, falling 0.6% and 0.1%, respectively. National Gas fell 4.6%, while
Ahli Bank was down 2.3%.
Bahrain: The BHB Index declined 0.2% to close at 1,334.5. The Investment index fell
2.3%, while Commercial Bank index was down 0.3%. Gulf Finance House fell 8.9%,
while Khaleeji Commercial Bank was down 1.6%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Ahli Bank 49.20 6.5 29.1 (0.9)
Zad Holding Co. 101.60 1.6 66.7 21.0
Qatar Islamic Insurance Co. 83.70 1.2 44.9 5.9
Qatar General Ins. & Reinsur. Co. 56.00 0.5 97.8 9.2
Qatar Navigation 98.00 0.4 46.7 (1.5)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
United Development Co. 25.55 (2.1) 714.7 8.3
Ezdan Holding Group 17.70 (0.9) 688.3 18.6
Mazaya Qatar Real Estate Dev. 18.33 (0.4) 425.0 0.5
Masraf Al Rayan 45.20 (0.9) 323.3 2.3
Vodafone Qatar 16.16 (0.4) 299.5 (1.8)
Market Indicators 28 Jul 15 27 Jul 15 %Chg.
Value Traded (QR mn) 224.3 213.4 5.1
Exch. Market Cap. (QR mn) 6,28,806.1 6,31,976.2 (0.5)
Volume (mn) 4.8 5.3 (8.5)
Number of Transactions 7,217 5,937 21.6
Companies Traded 42 42 0.0
Market Breadth 8:32 15:24 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 18,390.11 (0.7) (0.9) 0.4 N/A
All Share Index 3,174.03 (0.5) (0.8) 0.7 13.0
Banks 3,124.75 (0.4) (0.4) (2.5) 13.8
Industrials 3,757.06 (0.7) (1.2) (7.0) 13.2
Transportation 2,470.43 0.3 0.2 6.6 12.7
Real Estate 2,728.62 (1.0) (1.2) 21.6 9.0
Insurance 4,794.45 (0.2) (1.8) 21.1 22.2
Telecoms 1,123.29 (0.5) (1.3) (24.4) 22.6
Consumer 7,501.69 (0.7) (0.2) 8.6 29.1
Al Rayan Islamic Index 4,652.15 (0.8) (0.6) 13.4 13.5
GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD%
Ahli Bank Qatar 49.20 6.5 29.1 (0.9)
IFA Hotels & Resorts Co. Kuwait 0.17 6.2 0.0 (14.0)
Comm. Bank of Dubai Dubai 6.75 5.5 10.0 29.8
Kuwait Cement Co. Kuwait 0.38 4.1 5.0 (5.0)
Co for Coop. Insurance Saudi Arabia 98.58 2.6 162.8 97.4
GCC Top Losers## Exchange Close# 1D% Vol. ‘000 YTD%
DP World Ltd Dubai 22.00 (4.8) 130.5 4.8
Ahli United Bank Kuwait 0.55 (3.5) 308.8 (5.5)
Bank Albilad Saudi Arabia 34.29 (3.0) 804.0 (3.9)
Qatari Investors Group Qatar 50.30 (2.7) 13.3 21.5
Dubai Financial Market Dubai 1.91 (2.6) 3,777.7 (5.0)
Source: Bloomberg (# in Local Currency) (## GCC Top gainers/losers derived from the Bloomberg GCC 200
Index comprising of the top 200 regional equities based on market capitalization and liquidity)
QSE Top Losers Close* 1D% Vol. ‘000 YTD%
Qatari Investors Group 50.30 (2.7) 13.3 21.5
Gulf International Services 71.80 (2.4) 239.1 (26.1)
United Development Co. 25.55 (2.1) 714.7 8.3
Dlala Brokerage & Inv. Holding Co 26.15 (1.9) 35.3 (21.8)
Qatar German Co for Medical Dev. 16.51 (1.6) 28.3 62.7
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
United Development Co. 25.55 (2.1) 18,592.8 8.3
Gulf International Services 71.80 (2.4) 17,356.6 (26.1)
Masraf Al Rayan 45.20 (0.9) 14,695.4 2.3
Al Meera Consumer Goods Co. 277.70 (0.8) 13,245.7 38.9
QNB Group 182.50 (0.6) 12,894.2 (14.3)
Source: Bloomberg (* in QR)
Regional Indices Close 1D% WTD% MTD% YTD%
Exch. Val. Traded ($
mn)
Exchange Mkt. Cap.
($ mn)
P/E** P/B**
Dividend
Yield
Qatar* 11,831.33 (0.7) (0.9) (3.0) (3.7) 61.60 1,72,670.2 12.1 1.8 4.3
Dubai 4,110.00 (0.9) (2.2) 0.6 8.9 79.02 1,04,933.3 12.1 1.4 6.3
Abu Dhabi 4,854.63 (0.4) (0.9) 2.8 7.2 35.66 1,31,998.4 12.0 1.5 4.6
Saudi Arabia 9,090.84 0.1 (3.0) 0.0 9.1 906.09 5,38,511.1 19.2 2.2 2.9
Kuwait 6,235.47 (0.4) (0.8) 0.5 (4.6) 45.92 96,084.9 15.5 1.0 4.3
Oman 6,556.74 (0.2) (0.5) 2.1 3.4 10.92 25,677.4 11.8 1.6 4.0
Bahrain 1,334.49 (0.2) (0.2) (2.4) (6.5) 0.60 20,871.8 8.6 0.9 5.3
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)
11,820
11,840
11,860
11,880
11,900
11,920
11,940
09:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00
2. Page 2 of 6
Qatar Market Commentary
The QSE Index fell 0.7% to close at 11,831.3. The Real Estate and Industrials
indices led the losses. The index fell on the back of selling pressure from
non-Qatari and GCC shareholders despite buying support from Qatari
shareholders.
Qatari Investors Group and Gulf International Services were the top losers,
falling 2.7% and 2.4%, respectively. Among the top gainers, Ahli Bank rose
6.5%, while Zad Holding Co. was up 1.6%.
Volume of shares traded on Tuesday fell by 8.5% to 4.8mn from 5.3mn on
Monday. However, as compared to the 30-day moving average of 4.8mn,
volume for the day was 1.2% higher. United Development Co. and Ezdan
Holding Group were the most active stocks, contributing 14.8% and 14.2%
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)
2Q2015
% Change
YoY
Operating Profit
(mn) 2Q2015
% Change
YoY
Net Profit (mn)
2Q2015
% Change
YoY
Savola Group Saudi Arabia SR – – 554.4 -17.4% 434.4 -15.4%
National Metal Manufacturing
and Casting Co. (Maadaniyah)
Saudi Arabia SR – – 12.9 29.2% 9.4 6.8%
Takween Advanced
Industries Co. (TAI)
Saudi Arabia SR – – 38.8 260.5% 28.0 0.7%
Allied Cooperative Insurance
Group (ACIG)
Saudi Arabia SR 119.8 339.3% – – 3.2 9.3%
Emirates
Telecommunications
Corporation (Etisalat)
Abu Dhabi AED 13,300.0 NA – – 1,500.0 NA
Al Maha Petroleum Products
Marketing Co.*
Oman OMR 173.3 -0.8% – – 5.2 -7.8%
Port Services Corp. (PSC)* Oman OMR 3.3 -75.4% – – 0.1 -98.1%
Source: Company data, DFM, ADX, MSM (*1H2015 results)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
07/28 US Conference Board Consumer Confidence Index July 90.9 100.0 99.8
07/28 US Richmond Fed Richmond Fed Manufact. Index July 13.0 7.0 7.0
07/28 UK UK ONS GDP QoQ 2Q2015 0.70% 0.70% 0.40%
07/28 UK UK ONS GDP YoY 2Q2015 2.60% 2.60% 2.90%
07/28 UK UK ONS Index of Services MoM May 0.30% 0.30% 0.20%
07/28 UK UK ONS Index of Services 3M/3M May 0.40% 0.50% 0.50%
07/28 Spain INE Total Mortgage Lending YoY May 15.10% – 0.30%
07/28 Spain INE House Mortgage Approvals YoY May 10.90% – 21.40%
07/28 Spain Ministerio de Hacienda Spain Budget Balance YtD June -23.45B – -23.26B
07/28 Italy ISTAT Consumer Confidence Index July 106.5 109 109.3
07/28 Italy ISTAT Business Confidence July 103.6 103.7 103.9
07/28 Italy ISTAT Economic Sentiment July 104.3 – 104.7
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 64.76% 52.94% 2,65,09,744.47
GCC 1.88% 4.00% (47,22,861.41)
Non-Qatari 33.36% 43.07% (2,17,86,883.06)
3. Page 3 of 6
News
Qatar
QCB real estate price index hits record high – Qatar’s real estate
price value rebounded by 23.5% YoY in June 2015 after softening a
bit in April 2015. The Qatar Central Bank (QCB) updated the real
estate price index, which tracks Qatar’s real estate market value.
The bank noted that the index hit a record high of 284.0 points in
June 2015 compared to 230.6 points in June 2014. The QCB’s real
estate index witnessed a slowdown during April 2015. The index
slipped to 269.5 points in April 2015 from the previous month’s
271.3 points. The index rose by 27.7 points in May, before jumping
to 284.0 points in June. The QCB index performance is a reflection
of the surging value of the country’s real estate market. (Peninsula
Qatar)
MDPS: Qatar machinery, equipment index edges higher in 1H2015 –
According to statistics released by the Ministry of Development
Planning & Statistics (MDPS), higher prices, especially for special
purpose machines such as underground rock cutters and
earthmovers as well as machinery like electric motors, led Qatar to
register a 0.69% YoY increase in the Machinery & Equipment
Index (MEPI) in 1H2015. MDPS said the MEPI, which is calculated
semi-annually, had shown a 0.39% increase compared to 2H2014.
Under the new indicator, office, accounting and computing
machinery group carries the maximum weight of 41.45% followed
by transport equipment (28.34%), special purpose machines
(22.78%) and machinery and electrical appliances (7.43%). The
special purpose machines saw their index expand by 1.58% YoY
owing to a 1.99% increase in the prices of underground rock
cutters and tunneling machinery; 1.58% in mining and quarrying
machinery and 1.48% in excavators, bulldozers and such other
equipment. The special purpose machines index grew by 0.39% on
the back of 1.89% rise in the price of underground rock cutters
and tunneling machinery; 0.39% in mining and quarrying
machinery and 0.19% in excavators, bulldozers and such other
equipments against 2H2014. (Gulf-Times.com)
QCB: Forex firms warned not to charge special fee – The Qatar
Central Bank (QCB) has issued strict warnings to money exchange
companies against collecting commissions from customers while
selling and buying foreign currencies. In a circular to the
companies, QCB Governor Sheikh Abdulla bin Saoud Al Thani
directed them to stop levying the fee with immediate effect. The
QCB warned the companies that any violation of its order would be
treated as a violation of the central bank’s Law No. 13/12012.
(Peninsula Qatar)
QNB Group unveils new insurance service for cargo – QNB Group
(QNBK), in association with Qatar Insurance Company (QATI),
recently announced a new addition to its line of bancassurance
services with the addition of the marine cargo insurance service
accessible to all current and new QNBK corporate customers. The
new bancassurance product was issued as part of QNBK’s
continuous efforts to significantly enhance the quality of services
offered to its customers through its corporate bancassurance
products, and to align with its vision of becoming a banking
industry icon and bring value to its customers through relevant
consumer insurance products. This new product offers cost saving
and speed issuance of the insurance certificate, in addition to a
valuable insurance coverage to QNBK corporate customer’s cargo
business. (Peninsula Qatar)
QA may acquire stake in IndiGo; denies rumors of stake plan in
SpiceJet – Qatar Airways (QA) is in talks to acquire a stake in
India’s IndiGo, which would expand QA’s foothold in one of the
world’s fastest growing aviation markets. QA has long coveted a
stake in IndiGo, the fast-growing airline owned by InterGlobe
Aviation, which in June 2015 filed a draft prospectus for a stock
market listing. QA CEO Akbar Al Baker in May 2015 said that QA
would be interested in buying up to 49% of IndiGo stake, although
he said then that there had been no talks. He also said IndiGo
owners had no immediate plans to sell. On the other hand, QA has
dismissed rumors that it is in talks to pursue a commercial stake in
India’s SpiceJet, saying the airline is not interested in engaging in a
partnership with the Gurgaon-based airline. QA said the claim that
it is picking up a stake in SpiceJet is “inaccurate” and denied that
the two carriers have reached an agreement regarding an interline
agreement. Meanwhile, QA Cargo will launch a new freighter
service to Djibouti on August 1, becoming the carrier’s seventh
dedicated African freighter destination. The weekly A330F service
will satisfy increasing airfreight demand from customers in the
Middle East, South Asia and Europe into east Africa. (Reuters, Gulf-
Times.com)
GOIC: Qatar ranks second in manufacturing sector investments in
GCC – According to GCC manufacturing industries report by the
Gulf Organization for Industrial Consulting (GOIC), Qatar is ranked
second in terms of the size of investments. Qatar, at 21.7%, is
second only to Saudi Arabia (55.3%) in terms of the size of
investments in manufacturing sector. The GOIC Secretary General
Abdulaziz bin Hamad al-Ageel noted that GOIC, in collaboration
with Qatar’s Ministry of Environment, the GCC Standardization
Organization and Gulf Association for Metrology (GULFMET) will
hold the first Gulf Metrology Forum in Doha in December. Through
this event, experts hope to shed light on the importance of
metrology in guaranteeing industrial development in GCC
countries. Further, GOIC and ICIS will organize the first Middle
East Surfactants Summit in Qatar in October 2015. (Gulf-
Times.com) Page No. 36
QIA JV to build 57-storey residential tower in London – Canary
Wharf Group, a wholly owned joint venture between Brookfield
Property Partners and the Qatar Investment Authority (QIA), has
received planning approval to build a striking residential tower at
its New Phase site (formerly known as Wood Wharf). The 57-
storey building will comprise 468 apartments ranging from
studios to large three-bedroom family units. It will occupy a
prominent waterfront location on the edge of South Dock, directly
to the east of the existing Canary Wharf estate. The wider
development site will be transformed into a 4.9mn square feet (sq
ft) mixed use, waterside community providing over 3,200 new
homes, nearly 2mn sq ft of high quality commercial office space,
and a further 335,000 sq ft of shops, restaurants, a school and
landscaped parks and walkways. (Gulf-Times.com)
Ashghal upgrades customer service management system – The
Public Works Authority (Ashghal) has announced that the first
phase of the customer service management system has been
completed. According to a report in local Arabic daily Arrayah, the
project jointly implemented by Ashghal and Microsoft aims to
enhance services provided to the authority’s clients and make
communication easier between Ashghal and members of the
public. The accomplishment of the first phase would provide
better services to various categories of Ashghal customers. (Gulf-
Times.com)
Al Khor Park has ‘strong potential’ to lure visitors – According to
sources, the scheduled reopening of the renovated Al Khor Park,
which features world-class tourism amenities, has “strong
potential” to draw many visitors to the northern part of Qatar. The
park, renovated at a cost of around QR250mn and spread over
240,000 square meters, is due to reopen in August, pending safety
measures being reviewed by the Public Gardens Department at the
Ministry of Municipality and Urban Planning (MMUP). (Gulf-
Times.com)
4. Page 4 of 6
International
US consumer confidence deteriorates in July – US consumer
confidence suffered its biggest blow in four years in July on a less
upbeat jobs outlook, while home appreciation in major cities
stalled in May, suggesting a spring pause in housing demand. The
Conference Board said its index of consumer attitudes fell to 90.9
in July from a downwardly revised 99.8 in June. The latest figure
was the lowest since September 2014, while the decline was the
steepest since August 2011. Meanwhile, the S&P/Case Shiller
composite home price index of 20 metropolitan areas in May rose
4.9% YoY, matching the pace in April. Data from the Commerce
Department showed the US home ownership rate dropped to
63.5% in 2Q2015 on a seasonally adjusted basis. However,
increasing household formation and an improving labor market,
however, are expected to pull more first-time buyers into the
market. (Reuters)
British economy bounces back in 2Q2015 – British economic
growth got back on track in 2Q2015 but the strength of the pound
hurt manufacturers, putting the Bank of England in a tricky spot as
it gets closer to raising interest rates. The Office for National
Statistics (ONS) said the economy grew by 0.7% in the three
months up to June, following an unexpected slowdown to 0.4% in
1Q2015. But the figures showed an increased reliance on domestic
demand, with business and financial services powering ahead,
while the factory output suffered a rare quarterly fall. Domestic
demand is likely to stay strong, with households bolstered by
higher wages and temporarily low inflation, and signs that firms
are investing more as the recovery matures. The ONS said that in
the year up to June, British economic output rose by 2.6%, and
output per head finally returned to around its pre-crisis level.
(Reuters)
Japan retail sales slip in June for a third time in 2015 – Japan’s retail
sales fell for the third time in 2015, sapping an economy that
analysts say struggled in 2Q2015 amid sluggish exports and
production. Sales slid by 0.8% MoM in June, following declines in
January and March. According to the economy ministry, sales of
machinery and equipment, automobiles, air-conditioners, apparel
and accessories all fell in June. Weakness in consumer spending
adds to risks to the world’s third-biggest economy, whose
manufacturing sector has struggled with softness in exports to
Asia. (Bloomberg)
S&P: Brazil credit rating at risk of downgrade to junk – Standard &
Poor’s (S&P) said it may cut Brazil’s credit rating to junk, citing the
country’s political and economic challenges amid an ongoing
corruption probe. The ratings agency said it revised the outlook on
Brazil’s rating from stable to negative. The country already is at
BBB-, the lowest investment-grade level. A downgrade by S&P
would undo the progress made under former President Luis Inacio
Lula da Silva, who led the country in 2008 to obtain investment-
grade status for the first time. The ratings move also adds to
challenges for President Dilma Rousseff and her economic team
led by Finance Minister Joaquim Levy as they duel with Congress
to shore up fiscal accounts at the same time the country slips into
recession. (Bloomberg)
Russian economy decline slows in June, but recovery elusive –
According to the official data released on Tuesday, the sharp
decline in Russia’s economy may have almost run its course,
slowed by a huge devaluation of the ruble and heavy government
spending on anti-crisis measures. While the GDP continued to
decline in YoY terms in June - down by 4.2% as compared to 4.8%
in May – seasonally adjusted output fell just 0.1% MoM. However,
recovery prospects are cloudy, with many analysts warning of a
sluggish rebound at best. Uncertainty about the pace of any
recovery is reflected in official forecasts, which present sharply
divergent views. The Economy Ministry predicts the economy
would grow by 2.3% in 2016 after a 2.8% decline in 2015. In
contrast, Russia’s central bank estimated the economy would grow
by only 0.7% in 2016 after declining 3.2% in 2015. (Reuters)
Regional
Markaz: GCC issues $48.13bn Sukuks, bonds – The Kuwait Financial
Centre (Markaz) has stated in its latest GCC Bonds & Sukuk Market
Survey that the aggregate primary issuance of bonds and Sukuk by
GCC entities, including Central Banks, totaled $48.13bn in 1H2015,
reflecting a 15.19% YoY decrease. A total of $28.29bn was raised
by the GCC central banks of Kuwait, Bahrain, Qatar, and Oman
during 1H2015. The Central Bank of Kuwait raised the highest
amount of $12.85bn, representing 48.8% of the total amount
raised by Central Bank Local Issuances (CBLIs) through 36
issuances, followed by the Central Bank of Bahrain, which raised a
total of $6.69bn, 47.13% higher from $4.55bn raised in 1H2014.
The GCC bonds and Sukuk market is composed of bonds and
Sukuks issued by GCC sovereign and corporate entities for
financing purposes and denominated in local and foreign
currencies. A total of $19.83bn was raised in the GCC bonds
market in 1H2015, a decline of 19.29% from $24.57bn raised in
1H2014. On the geographical allocation, the Markaz report stated
that the issuances by UAE entities raised the largest amount in GCC
Bonds & Sukuk market in 1H2015, representing 75.6% of the total
amount, or $14.99bn, and were the most active in terms of
issuance frequency with 99 issuances. (Peninsula Qatar)
IHS Automotive: GCC car sales to slow as weaker oil prices put
brakes on economic growth –According to IHS Automotive, car
sales in the GCC region are expected to increase at a much slower
rate in 2015 as compared to the double-digit jump of 2014, as
consistently lower oil prices put the brakes on economic growth.
The IHS Automotive’s data showed that 1H2015 sale in the GCC
region were 890,000 units. Overall sales in 2015 are expected to
reach around 1.88mn units as compared to 1.78mn in 2014,
representing a growth of 5.6%. The UAE led the region in car sales
growth during 1H2015 at 3.5% as compared to 1H2014. Saudi
Arabia followed at about 3.2%, while Kuwait barely showed gains
of about 1%. Meanwhile, Oman was the only country to record
negative growth. (GulfBase.com)
ANB Insurance receives SAMA approval for insurance products –
MetLife AIG ANB Cooperative Insurance Company (ANB
Insurance) has obtained Saudi Arabian Monetary Agency’s (SAMA)
final approval to use Motor TPL, Motor Comprehensive and Motor
Comprehensive - Commercial Fleet insurance products. (Tadawul)
Savola Group BoD approves SR267mn dividend for 2Q2015 –
Savola Group’s board of directors has approved distribution of
SR267mn dividend, (i.e. SR 0.50 per share) for 2Q2015, which
represents 5% of the company's nominal share value. Therefore,
the dividends distributed to shareholders during 1Q2015, and the
proposed dividend to be distributed for 2Q2015 will reach
SR533.98mn (i.e. SAR 1 per share), which represents 10% of the
company's nominal share value. The maturity date for 2Q2015
dividend will be for all shareholders registered in the company’s
books at the end of the trading day on August 2, 2015. The
dividend payments will be processed as of August 16, 2015.
(Tadawul)
Acwa Power acquires Ventis Enerji – According to a Cumhuriyet
daily, Acwa Power has acquired Ventis Enerji from Ahmet Munir
Gul for a purchase consideration of Turkish Lira 25.3mn. Acwa
Power is planning to establish a 900 megawatt gas turbine power
plant about 50 kilometers from the central Anatolian city of
Kirikkale, at a cost of $1bn. The company is planning to invest
hundreds of billions of dollars in Turkey over the next 15 years.
(GulfBase.com)
5. Page 5 of 6
UAE to raise gasoline prices in August – The UAE, OPEC’s third-
biggest producer, will raise unleaded gasoline prices by 24% in
August 2015 when it becomes the first country in the oil-rich
Persian Gulf to remove subsidies on transport fuel. The official
WAM news agency reported that motorists will pay 2.14 dirhams
per liter for 95-octane unleaded gasoline starting August 1 as the
country deregulates fuel prices. The gasoline grade currently sells
for 1.72 dirhams per liter. Prices for diesel, which will also be
linked to global markets, will drop 29% to 2.05 dirhams per liter.
The UAE Energy Minister Suhail Al Mazrouei said on July 22 that
removal of fuel subsidies is part of the government’s plan to make
the economy more competitive and diversify income. (Bloomberg)
Emaar awards AED844m contract to AGCCI – Emaar Properties has
clarified the news published regarding awarding construction
contract, and said that it regularly doles out construction contracts
for its projects in normal course of business. The published report
has material inaccuracies and Emaar has awarded an AED844mn
contract to Al Ghandi and Consolidated Contractors International
(AGCCI) for the construction of The Hills project. (DFM)
Dubai Trade logs 12.5% growth in new firms in 1H2015 –
According to recent statistics released by Dubai Trade, the online
gateway for trade and logistics services in Dubai, showed
improved figures in 1H2015 as compared to 1H2014. The 1H2015
witnessed a 12.5% growth in new companies registered with
Dubai Trade with 9,317 new companies on board. This led to an
8.7% growth in the number of transactions to 9.7mn. The increase
in the number of new companies and online transactions were a
result of Dubai Trade’s strategic goal to become a single window
for trade in Dubai and to escalate customer adoption, by offering a
streamlined trade facilitation process. (GulfBase.com)
S&K Estate Agents says worsening market led to bankruptcy –
Dubai-based S&K Estate Agents said a deteriorating property
market in the Emirate contributed to its decision to file for
bankruptcy and be liquidated. The company said its reputation
had suffered from client complaints and a recruitment drive did
not yield desired results to save the business. S&K Estate Agents
said the current Dubai market factors did not help, as 2015
property transactions, both in number and value, have plunged.
(Reuters)
JLL: Abu Dhabi real estate market stable in 2Q2015 – David Dudley,
international director and head of Abu Dhabi Office at JLL MENA
said that Abu Dhabi’s real estate market remained stable during
2Q2015, with performance of most sectors remaining flat, and a
slight increase in hospitality performance. This is primarily driven
by a slowdown in the pace of demand growth, but with short term
supply completions under control the market conditions are
stable. The softening of demand principally stems from the decline
in oil prices, which has directly affected Abu Dhabi’s dominant
petrochemical sector, and also led to a reduction in domestic
government spending as the government re-prioritizes its
projects, and a decline in investor sentiment. (GulfBase.com)
KKR, Majid Al Futtaim considers bid for Abu Dhabi’s Dunia –
According to sources, KKR & Co. and Dubai’s Majid Al Futtaim
Holding (MAF) are among companies weighing a bid for Abu Dhabi
consumer finance firm Dunia Finance. Dunia’s shareholders,
including sovereign wealth fund Mubadala Development Co. and
Temasek Holdings’ unit Fullerton Financial, are seeking about four
to five times of the book value for the company. That may value
Dunia at about $800mn-$1bn. MAF is working with Citigroup on
its planned bid while Dunia shareholders hired Morgan Stanley to
explore a sale of the company. (Bloomberg)
ADEC: Abu Dhabi schools earn AED8.8bn in 3 years – According to
the figures released by the Abu Dhabi Education Council (ADEC),
private schools in Abu Dhabi earned around AED8.8bn in three
years, while investment in the sector, including the construction of
new schools, exceeded AED2.4bn. The earnings were made during
the 2013-2015 scholastic years and largely surpassed those made
in the previous period due to a sharp rise in the number of
students and school fees. As per the report, investments by the
Emirate’s nearly 185 private schools stood at around AED2.43bn
during 2013-2015. (GulfBase.com)
KNPC awards contracts worth KD3.48bn to build Al-Zour refinery –
KUNA reported that Kuwait National Petroleum Company (KNPC)
awarded contracts worth KD3.48bn to build the al-Zour oil
refinery, which would be one of the largest in the Middle East. The
615,000 barrel per day refinery was originally planned more than
a decade ago but has been delayed repeatedly by bureaucratic and
political problems, including conflict between Kuwait's parliament
and the cabinet. (Reuters)
Kuwait preparing Islamic bond legislation to help finance budget –
Kuwait’s Finance Minister, Anas al-Saleh said that Kuwait is
preparing legislation to facilitate issues of Islamic bonds by the
government as it assesses options to finance a big budget deficit
caused by low oil prices. Early, in July 2015, Kuwait's parliament
approved a budget for the current fiscal year that envisages a
deficit of KD8.18bn - nearly half of the total spending - because of
the plunge in oil prices since mid-2014, which has slashed energy
export revenues. (Reuters)
OPWP initiates steps to raise working capital facility – Oman Power
and Water procurement Company (OPWP) has initiated steps to
raise its working capital facility, and is intending to obtain working
capital facility from reputed local banks. (GulfBase.com)
Oman Air signs MoU with Riyada – Oman Air has signed a MoU with
Riyada. The MoU allows small and medium-sized enterprises
(SMEs) registered with Riyada to bid for contracts with Oman Air
in a more convenient and efficient way. This agreement will offer
greater ease of access to the airline’s supply chain for small and
medium-sized enterprises (SMEs). (GulfBase.com)
Raeco plans to invest OMR153mn in next three years – Rural Areas
Electricity Company (Raeco) is planning to invest OMR153mn in
the next three years between 2015 and 2017 in raising power
generation capacity, transmission lines and distribution networks
across the country. The company said as much as 60% of the
investment is for power projects and 40% for developing
transmission lines. (GulfBase.com)
BBK made corrections to media news – BBK has rectified a news
report which states that BBK has recovered half of the Arcapita
$10bn loan. BBK said that the amount is $10mn and not $10bn as
stated in the news article. (Bahrain Bourse)
ABC net profit decreases 30% in 1H2015 – Arab Banking
Corporation (ABC) reported a consolidated net profit of $96mn in
1H2015, 30% lower as compared to a profit of $137mn reported
in 1H2014. Net profit for 2Q2015 was $44mn, 33% lower than
$66mn reported for 2Q2014. The bank’s total assets stood at
$28bn at the end of June 30, 2015 as compared to $29.4bn at the
end of 2014. The ratio of NPLs to gross loans at 2.7% remained
healthy. Loans & advances reached $14.34bn, while customer
deposits stood at $13.46bn. EPS amounted to $0.03 in 1H2015
versus $0.04 in 1H2014. (Bahrain Bourse)
6. 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
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 whatsoever for any direct or indirect
losses arising from use of this report. Any investment decision should depend on the individual circumstances of the investor and be based on specifically engaged investment advice. We therefore
strongly advise potential investors to seek independent professional advice before making any investment decision. Although the information in this report has been obtained from sources that QNBFS
believes to be reliable, we have not independently verified such information and it may not be accurate or complete. QNBFS does not make any representations or warranties as to the accuracy and
completeness of the information it may contain, and declines any liability in that respect. For reports dealing with Technical Analysis, expressed opinions and/or recommendations may be different or
contrary to the opinions/recommendations of QNBFS Fundamental Research as a result of depending solely on the historical technical data (price and volume). QNBFS reserves the right to amend the
views and opinions expressed in this publication at any time. It may also express viewpoints or make investment decisions that differ significantly from, or even contradict, the views and opinions
included in this report. This report may not be reproduced in whole or in part without permission from QNBFS
COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS.
Page 6 of 6
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
Jul-11 Jul-12 Jul-13 Jul-14 Jul-15
QSE Index S&P Pan Arab S&P GCC
0.1%
(0.7%)
(0.4%) (0.2%) (0.2%) (0.4%)
(0.9%)
(4.0%)
(3.0%)
(2.0%)
(1.0%)
0.0%
1.0%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,095.56 0.1 (0.3) (7.5) MSCI World Index 1,747.06 0.8 0.1 2.2
Silver/Ounce 14.69 0.9 0.0 (6.4) DJ Industrial 17,630.27 1.1 0.4 (1.1)
Crude Oil (Brent)/Barrel (FM
Future)
53.30 (0.3) (2.4) (7.0) S&P 500 2,093.25 1.2 0.7 1.7
Crude Oil (WTI)/Barrel (FM
Future)
47.98 1.2 (0.3) (9.9) NASDAQ 100 5,089.21 1.0 0.0 7.5
Natural Gas (Henry
Hub)/MMBtu
2.88 1.7 2.1 (4.0) STOXX 600 390.02 0.5 (0.5) 4.0
LPG Propane (Arab Gulf)/Ton 39.88 (0.3) (3.9) (18.6) DAX 11,173.91 0.5 (0.9) 3.6
LPG Butane (Arab Gulf)/Ton 52.00 (3.7) (3.7) (17.1) FTSE 100 6,555.28 1.0 0.2 (0.1)
Euro 1.11 (0.3) 0.7 (8.6) CAC 40 4,977.32 0.4 (1.0) 6.4
Yen 123.56 0.3 (0.2) 3.2 Nikkei 20,328.89 (0.4) (0.9) 12.6
GBP 1.56 0.3 0.7 0.2 MSCI EM 891.24 (0.2) (2.1) (6.8)
CHF 1.04 0.0 0.0 3.3 SHANGHAI SE Composite 3,663.00 (1.7) (10.0) 13.2
AUD 0.73 0.9 0.8 (10.2) HANG SENG 24,503.94 0.6 (2.5) 3.8
USD Index 96.77 0.3 (0.5) 7.2 BSE SENSEX 27,459.23 0.3 (1.8) (1.0)
RUB 60.01 0.6 2.4 (1.2) Bovespa 49,601.60 0.2 (1.5) (23.1)
BRL 0.30 0.2 (0.1) (21.0) RTS 839.25 (0.1) (2.3) 6.1
142.1
121.3
115.9