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 performance across various stock exchanges in Qatar and the GCC region. On the Qatar Exchange, the market index declined 0.3% as the Transportation and Banking indices fell. Top losers were Zad Holding and Gulf International Services. Top gainers included Qatar Cinema and Qatar National Cement. Trading volume declined 57.5% compared to the previous day. Other GCC markets saw gains in Dubai and Abu Dhabi but declines in Saudi Arabia and Kuwait.
The QE index in Qatar declined 0.2% led by declines in the real estate and transportation indices. United Development Co. and Islamic Holding Group were the top losers falling 4.1% and 3.3% respectively, while Gulf International Services rose 3.5%. Regional indices in Saudi Arabia, Dubai, Abu Dhabi and Kuwait rose, while Oman's index gained 0.3%. News from Qatar included proposals to establish an investment fund with Kazakhstan and requests from Egypt to extend gas payment terms and prices.
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 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 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 document summarizes daily market activity and performance across various stock exchanges in Qatar and the GCC region. On the Qatar Exchange, the market index declined 0.3% as the Transportation and Banking indices fell. Top losers were Zad Holding and Gulf International Services. Top gainers included Qatar Cinema and Qatar National Cement. Trading volume declined 57.5% compared to the previous day. Other GCC markets saw gains in Dubai and Abu Dhabi but declines in Saudi Arabia and Kuwait.
The QE index in Qatar declined 0.2% led by declines in the real estate and transportation indices. United Development Co. and Islamic Holding Group were the top losers falling 4.1% and 3.3% respectively, while Gulf International Services rose 3.5%. Regional indices in Saudi Arabia, Dubai, Abu Dhabi and Kuwait rose, while Oman's index gained 0.3%. News from Qatar included proposals to establish an investment fund with Kazakhstan and requests from Egypt to extend gas payment terms and prices.
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 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 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 QE index in Qatar rose 0.2% led by gains in the industrial and banking indices. Gulf International Services and Qatar German Co. for Med. Dev. were the top gainers rising 2% and 1.6% respectively, while Qatar Industrial Manufacturing fell 1.8%. Trading volume declined 49.8% from the previous day. In company news, Qatar Holding purchased NYSE Euronext's 12% stake in the Qatar Exchange, and the Commercial Bank of Qatar acquired a further 3.4% stake in Alternatifbank.
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 rose 0.6% led by gains in the Industrials and Transportation indices. Al Ahli Bank and Gulf International Services were the top gainers, while Salam International Inv. Co. and Barwa Real Estate Co. declined. Regional indices were mixed with Saudi Arabia and Dubai rising while Kuwait and Bahrain declined.
The QE Index rose 2.5% to close at 13,272.4. Gains were led by the Banks & Financial Services and Telecoms indices, gaining 4.7% and 1.7%, respectively.
The document provides an overview of stock market performance and news in Qatar and other GCC countries on May 3, 2017. The key points are:
- Qatar's stock market index declined 0.4% as the telecom and transportation sectors fell. Top losers were Al Khaleej Takaful Group and Qatar Industrial Manufacturing Co.
- Elsewhere in the GCC, stock markets in Saudi Arabia and Dubai declined while those in Abu Dhabi, Kuwait and Oman rose.
- Earnings reports from companies in Saudi Arabia, Bahrain and other GCC countries showed mixed revenue and profit results for 1Q2017.
The QSE Index rose 0.9% led by gains in the Industrials and Real Estate indices. Gulf Warehousing Co. and Qatar General Insurance & Reinsurance Co. were the top gainers rising 5.5% and 4.9% respectively, while Ooredoo fell 3.0%. Trading volume rose 4.4% compared to the previous day but was 13.0% lower than the 30-day moving average. In Qatar news, falling oil prices are not expected to affect Qatar's rail projects and retail banking revenue in Qatar outperformed other GCC countries growing 12.5% in 2014.
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 September 08, 2021QNB Group
The QE Index declined marginally to close at 11,062.9. Losses were led by the Industrials and Transportation indices, falling 0.5% and 0.3%, respectively.
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.
The daily market report provided an overview of market activity in Qatar, GCC countries, and global economic data. In Qatar, the QE Index rose 2.3% led by gains in banks and transportation stocks. Volume traded increased 120.9% from the previous day. QNB Group and Salam International were the top gainers while Ahli Bank fell the most. In other GCC countries, stock markets in Saudi Arabia, Dubai, and Abu Dhabi rose while Kuwait's market was closed. Earnings releases were provided for companies in Saudi Arabia, Dubai, and India. The earnings calendar listed upcoming earnings dates for Qatari companies.
The QE index in Qatar rose 0.3% led by gains in the insurance and real estate indices. Qatar Insurance Co. and Qatar German Co. for Medical Development were the top gainers rising 3.4% and 2.6% respectively, while Qatar General Insurance & Reinsurance Co. fell 3.4%. Regional markets were mixed with Saudi Arabia and Kuwait rising while Oman fell. Non-Qatari investors were net buyers of Qatari stocks while Qatari investors were net sellers. Rising population is expected to drive non-oil growth in Qatar and public spending will support Qatar's ongoing construction boom.
The QE index in Qatar rose 0.7% led by gains in the consumer goods and banking indices. Qatar Fuel Co. and Doha Bank were the top gainers rising 4.2% and 2.8% respectively. Volume traded declined 2.0% from the previous day but was 4.0% higher than the 30-day moving average. In other GCC markets, indices rose between 0.1-1.3% with the exception of Bahrain which declined 0.1%.
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 January 26, 2022QNB Group
The QE Index rose 0.2% to close at 12,548.5. Gains were led by the Transportation and Banks & Financial Services indices, gaining 1.3% and 0.3%, respectively.
The QSE Index gained 0.7% led by the Real Estate and Industrials indices. Ezdan Holding Group and Commercial Bank of Qatar were the top gainers while Al Khalij Commercial Bank and Qatar Industrial Manufacturing Co. declined the most. Trading activity increased significantly compared to the previous day. The indexes for most other GCC countries moved marginally except for Saudi Arabia which declined 0.7%. News articles highlighted upcoming financial disclosures, Qatar's projected inflation rate, infrastructure projects, and blacklisting of companies for labor law violations.
The QE Index declined 0.4% to close at 13,628.9. Losses were led by the Industrials and Consumer Goods & Services indices, falling 0.5% and 0.3%, respectively.
The QE index rose 0.7% led by gains in the telecom and real estate indices. Qatar Islamic Insurance and Barwa Real Estate were the top gainers while Zad Holding and Islamic Holding Group declined the most. Trading volume rose compared to the previous day but was lower than the 30-day average. The market rose due to buying from non-Qatari investors despite selling from Qatari shareholders.
The QE Index gained 1.88% over the week to close at 9,761.03 points. Trading value decreased 12.01% to QR1.27 billion, while volume increased 12.82% to 30.8 million shares. Foreign institutions turned bullish with net buying of QR42 million, while local institutions were net sellers of QR4.7 million. The document provides forecasts for key QE companies' third quarter 2013 earnings per share and notes most medium-sized banks will propose a combination of cash and stock dividends for fiscal year 2013.
The QE index in Qatar rose 0.2% led by gains in the industrial and banking indices. Gulf International Services and Qatar German Co. for Med. Dev. were the top gainers rising 2% and 1.6% respectively, while Qatar Industrial Manufacturing fell 1.8%. Trading volume declined 49.8% from the previous day. In company news, Qatar Holding purchased NYSE Euronext's 12% stake in the Qatar Exchange, and the Commercial Bank of Qatar acquired a further 3.4% stake in Alternatifbank.
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 rose 0.6% led by gains in the Industrials and Transportation indices. Al Ahli Bank and Gulf International Services were the top gainers, while Salam International Inv. Co. and Barwa Real Estate Co. declined. Regional indices were mixed with Saudi Arabia and Dubai rising while Kuwait and Bahrain declined.
The QE Index rose 2.5% to close at 13,272.4. Gains were led by the Banks & Financial Services and Telecoms indices, gaining 4.7% and 1.7%, respectively.
The document provides an overview of stock market performance and news in Qatar and other GCC countries on May 3, 2017. The key points are:
- Qatar's stock market index declined 0.4% as the telecom and transportation sectors fell. Top losers were Al Khaleej Takaful Group and Qatar Industrial Manufacturing Co.
- Elsewhere in the GCC, stock markets in Saudi Arabia and Dubai declined while those in Abu Dhabi, Kuwait and Oman rose.
- Earnings reports from companies in Saudi Arabia, Bahrain and other GCC countries showed mixed revenue and profit results for 1Q2017.
The QSE Index rose 0.9% led by gains in the Industrials and Real Estate indices. Gulf Warehousing Co. and Qatar General Insurance & Reinsurance Co. were the top gainers rising 5.5% and 4.9% respectively, while Ooredoo fell 3.0%. Trading volume rose 4.4% compared to the previous day but was 13.0% lower than the 30-day moving average. In Qatar news, falling oil prices are not expected to affect Qatar's rail projects and retail banking revenue in Qatar outperformed other GCC countries growing 12.5% in 2014.
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 September 08, 2021QNB Group
The QE Index declined marginally to close at 11,062.9. Losses were led by the Industrials and Transportation indices, falling 0.5% and 0.3%, respectively.
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.
The daily market report provided an overview of market activity in Qatar, GCC countries, and global economic data. In Qatar, the QE Index rose 2.3% led by gains in banks and transportation stocks. Volume traded increased 120.9% from the previous day. QNB Group and Salam International were the top gainers while Ahli Bank fell the most. In other GCC countries, stock markets in Saudi Arabia, Dubai, and Abu Dhabi rose while Kuwait's market was closed. Earnings releases were provided for companies in Saudi Arabia, Dubai, and India. The earnings calendar listed upcoming earnings dates for Qatari companies.
The QE index in Qatar rose 0.3% led by gains in the insurance and real estate indices. Qatar Insurance Co. and Qatar German Co. for Medical Development were the top gainers rising 3.4% and 2.6% respectively, while Qatar General Insurance & Reinsurance Co. fell 3.4%. Regional markets were mixed with Saudi Arabia and Kuwait rising while Oman fell. Non-Qatari investors were net buyers of Qatari stocks while Qatari investors were net sellers. Rising population is expected to drive non-oil growth in Qatar and public spending will support Qatar's ongoing construction boom.
The QE index in Qatar rose 0.7% led by gains in the consumer goods and banking indices. Qatar Fuel Co. and Doha Bank were the top gainers rising 4.2% and 2.8% respectively. Volume traded declined 2.0% from the previous day but was 4.0% higher than the 30-day moving average. In other GCC markets, indices rose between 0.1-1.3% with the exception of Bahrain which declined 0.1%.
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 January 26, 2022QNB Group
The QE Index rose 0.2% to close at 12,548.5. Gains were led by the Transportation and Banks & Financial Services indices, gaining 1.3% and 0.3%, respectively.
The QSE Index gained 0.7% led by the Real Estate and Industrials indices. Ezdan Holding Group and Commercial Bank of Qatar were the top gainers while Al Khalij Commercial Bank and Qatar Industrial Manufacturing Co. declined the most. Trading activity increased significantly compared to the previous day. The indexes for most other GCC countries moved marginally except for Saudi Arabia which declined 0.7%. News articles highlighted upcoming financial disclosures, Qatar's projected inflation rate, infrastructure projects, and blacklisting of companies for labor law violations.
The QE Index declined 0.4% to close at 13,628.9. Losses were led by the Industrials and Consumer Goods & Services indices, falling 0.5% and 0.3%, respectively.
The QE index rose 0.7% led by gains in the telecom and real estate indices. Qatar Islamic Insurance and Barwa Real Estate were the top gainers while Zad Holding and Islamic Holding Group declined the most. Trading volume rose compared to the previous day but was lower than the 30-day average. The market rose due to buying from non-Qatari investors despite selling from Qatari shareholders.
The QE Index gained 1.88% over the week to close at 9,761.03 points. Trading value decreased 12.01% to QR1.27 billion, while volume increased 12.82% to 30.8 million shares. Foreign institutions turned bullish with net buying of QR42 million, while local institutions were net sellers of QR4.7 million. The document provides forecasts for key QE companies' third quarter 2013 earnings per share and notes most medium-sized banks will propose a combination of cash and stock dividends for fiscal year 2013.
The QE index in Qatar declined 0.2% with losses led by the Transportation and Real Estate indices. Gulf International Services and Qatar Gas Transport Co. were the top losers. Trading volume rose 12.9% but was 11.2% lower than the 30-day average. In company news, QNB Group launched a new business banking program, QIBK contributed to financing the Qatar Rail project, and MERS and QATI replaced two other companies on the QE Index. The Qatar insurance market was reported as the second fastest growing in the Gulf region.
The QE index rose 0.4% to close at 10,873.1 led by gains in the Telecoms and Transportation indices. Al Meera Consumer Goods Co. and Qatar General Ins. & Rein. Co. were the top gainers rising 4.7% each, while Al Ahli Bank fell 3.2%. Trading volume rose 3.5% but was 24.4% lower than the 30-day average, with Masraf Al Rayan and Qatari Investors Group being the most active stocks. The index rose on buying support from non-Qatari shareholders despite selling pressure from Qatari shareholders.
Advanced Design and Engineering provides professional services in the fields of Mechanical, Civil, Electrical and Structural Engineering. We focuses on creating a culture of excellent client care service which we continually exceed your expectations for engineering excellence. We regard this as the fundamental cornerstone of our business. ADE Australia delivers a consistent standard of technical solution with a flexible and innovative approach. This enables both us and our clients to stay at the forefront of the competition and successfully achieve our project goals.
Our approach is simple and passion for engineering helps us deliver cost effective solutions without compromise on quality. We work closely with you at every step and on all levels to define and specify your needs. We create the key design criteria needed to achieve your requirements. We can produce new designs or save you money by improving or upgrading existing designs. We uses state of the art CAD technology for all our design and consulting work. We follow standard design codes and regulations and ensure the highest quality, reliability and cost effectiveness. During the design process we review: ease of manufacturing, local availability of components, ease of service, as well as safety of use. Our approach to design ensures that we create the 'right' product for your project, with all finished designs accompanied by the appropriate technical, support and service documentation.
Our service works are always completed on time, according to specified quality standards and to the satisfaction of our customer's needs. We are proud that some of our works have set new standards for quality of workmanship and testing of equipment in various client's facilities.
This document provides a high-level overview of major payroll-related laws and events that took place between 1985 and 2015 in the United States:
- It outlines several key acts and laws enacted during this period pertaining to topics such as healthcare, taxation, workplace regulations, and more.
- Major milestones include the enactment of COBRA in 1985, the Affordable Care Act in 2010, the Sarbanes-Oxley Act in 2002, and the establishment of Health Savings Accounts in 2004.
- The document also notes changes over the years related to topics like the Medicare wage base, FUTA credit reductions for certain states, and the availability of online W-2 reporting.
Pixelberry Companies is partnering with the National Eating Disorders Association to create an in-game story in Pixelberry's game "Choices: Stories You Play" about eating disorders and body image issues. The story follows a character named Mia who develops an unhealthy diet and exercise routine after hearing an insensitive comment about her body. Through this story, researched by Pixelberry and NEDA, players will learn about the causes and effects of body image problems. The game will also connect players directly to NEDA for support.
Este documento presenta un resumen de un proyecto de video llamado "Naturaleza en la ciudad" que muestra la naturaleza dentro de Bogotá y cómo provee áreas verdes y pulmones para la ciudad. El video tiene la intención de incentivar a los niños a visitar estas áreas y apreciar la naturaleza. El contacto con la naturaleza es importante para los niños para que puedan observar y reflexionar sobre el impacto humano en el medio ambiente. El video también contrasta la naturaleza dentro de la ciudad para promover el cuid
This document provides an orientation for new dealers on why they should join TPC and what is involved. It discusses the traditional career path of getting an education and job for a steady salary. However, it notes that through TPC one can become their own boss and have a business and people working for them where money works for them rather than them working for money. The document outlines the requirements, salary, and income goals one can achieve through TPC. It also discusses different business options and why TPC is a better choice, involving making a prospect list to build a network and earn income through teaching and duplication.
GPR is a specialist legal recruitment agency that helps partners laterally move law firms. GPR guides partners through each step of the process, from agreeing on target firms to achieving a successful result. GPR ensures sensitive practice and partner information provided to target firms is effective. They provide tactical advice around the interview process and negotiate offers on behalf of partners. GPR is led by Greg Plummer, who has over a decade of experience in the Australian legal recruitment market.
Karl Marx nació en 1818 en Alemania. Estudió historia y filosofía en la universidad y desarrolló una visión materialista de la historia. Junto a Engels, profundizó el estudio de la economía política y construyó su propia teoría económica, plasmada en obras como El Capital. Marx argumentó que el capitalismo es histórico y conducirá a su propia abolición a través de la lucha de clases. Falleció en Londres en 1883.
Aqidah Islam adalah pengajaran tentang pokok-pokok keimanan yang membentuk mentalitas dan keyakinan umat Islam. Aqidah berpengaruh dalam menggerakkan umat Islam untuk mengisi hidup dengan baik sebagai bekal setelah kematian. Aqidah juga penting agar manusia meyakini bahwa semua makhluk adalah ciptaan Allah dan menjadikannya pedoman hidup.
The document discusses Serbia's improved business environment and opportunities for investors. It notes that Serbia has a stable pro-EU government and has started EU membership negotiations. The government's goals include developing new labor and bankruptcy laws. Serbia offers a strategic location, low corporate tax rates, and financial support for investors. Advantages of investing in Serbia include duty-free export access to large markets and an educated, cost-effective workforce. By the end of 2015, Serbia plans to privatize almost 600 state-owned firms.
APDS (Asosiasi Periau Danau Sentarum) adalah organisasi gabungan kelompok petani madu (periau) di Taman Nasional Danau Sentarum, Kalimantan Barat. Visi APDS adalah menjadi penyedia madu terbaik di Indonesia dengan misi mengelola dan menjaga mutu produk madu hutan serta meningkatkan kesejahteraan masyarakat setempat. Madu APDS berasal dari lebah Apis dorsata di dataran tinggi dan diproduksi secara turun temurun
This document summarizes a 2013 survey of prey populations in Kuno Wildlife Sanctuary in Madhya Pradesh, India. Chital were found to be the most abundant prey species with a density estimate of 69.36/km2. Other prey densities estimated included sambar at 4.85/km2, nilgai at 3.92/km2, and wild pig at 3.05/km2. Using estimated densities and biomass calculations, the total biomass in the sanctuary was estimated to be 3657.97 kg/km2. Analysis showed that the chital population has been increasing exponentially since 2005 at a realized growth rate of 0.35, close to the intrinsic growth rate, suggesting good management
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 document summarizes the daily stock market activity and company news for Qatar and other GCC countries. The key points are:
- The QSE index in Qatar gained 3.2% led by insurance and banks, with Qatari Investors Group and Qatar Islamic Bank as top gainers.
- Stock markets in other GCC countries were also up, with Saudi Arabia leading gains.
- Company news highlights Nakilat expanding its LNG fleet through a new JV, Google launching Street View in Doha, and Ooredoo launching new business messaging packs.
The QE Index declined 0.7% to close at 10,839.9. Losses were led by the Industrials and Consumer Goods & Services indices, falling 1.1% and 0.5%, respectively.
The QE Index in Qatar declined 0.7% led by losses in the Transportation and Industrials indices. Ahli Bank and Qatar Gas Transport Company were the top losers. In other GCC markets, indices in Saudi Arabia and Kuwait fell while Dubai and Oman gained slightly. Company earnings news was reported from Saudi Arabia. Global economic data showed inflation increases in the UK and EU while industrial production grew in Japan. News mentioned AKHI opening a new branch in Qatar and Investment House closing a global Wakala trust program. Qatar's current account balance is forecast to rebound strongly in 2021-2022.
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 marginally to close at 12,970.8, led by gains in the telecom and industrial indices. Ooredoo and Qatar Islamic Insurance Co. were the top gainers, while Salam International Investment Co. and Al Ahli Bank declined the most. Regional markets were mixed with Saudi Arabia and Kuwait gaining slightly while Dubai, Abu Dhabi, Oman, and Bahrain fell. Trading volume on the QE fell 26.8% compared to the previous day.
The QE Index in Qatar rose 0.5% led by gains in the Banks and Insurance indices. QNB Group and Qatar Islamic Bank were the top gainers rising 1.9% and 1.4% respectively, while Qatar Cinema & Film Distribution fell 5.1%. Trading volume fell 42.6% from the previous day. In Qatar, construction of the main road in the Industrial Area is expected to be completed by December, reducing traffic congestion, and Qatar's contract awards may reach $30 billion in 2014 as major contracts are due in the fourth quarter.
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.
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 rose 0.7% led by gains in the telecom and real estate indices. Qatar Oman Investment Co. and Vodafone Qatar were the top gainers rising 6.5% and 5.6% respectively. Regional indices were mixed with Saudi Arabia up 1.1% while Oman fell 1.1%. News articles discussed Qatar's population rising 9.7% YoY and Barwa Real Estate selling two land plots for QR5.34bn.
QNBFS Daily Market Report September 05, 2021QNB Group
The QE Index declined 0.2% to close at 11,071.2. Losses were led by the Banks & Financial Services and Consumer Goods & Services indices, falling 0.6% and 0.2%, respectively.
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 in Qatar rose 1.1% led by gains in the Industrials and Transportation indices. Gulf International Services and Industries Qatar were the top gainers rising 4.9% and 3.0% respectively. Commercial Bank of Qatar fell 2.5%. Regional indices were mixed with Dubai up 2.0% and Abu Dhabi up 0.8% while Saudi Arabia fell 2.0%. Earnings results were mixed and global economic data was mostly weaker than expected.
The QSE Index in Qatar rose 1.1% led by gains in the Industrials and Transportation indices. Gulf International Services and Industries Qatar were the top gainers rising 4.9% and 3.0% respectively. Commercial Bank of Qatar fell 2.5%. Regional indices were mixed with Dubai up 2.0% and Abu Dhabi up 0.8% while Saudi Arabia fell 2.0%. Earnings results were mixed and global economic data was mostly weaker than expected.
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.
The QE index in Qatar declined 1.7% led by declines in the Banking & Financial Services and Transportation indices. Industries Qatar and Qatar Islamic Insurance were the top losers, falling 7.1% and 3.9% respectively. In other markets, the TASI index in Saudi Arabia rose 0.1% while the DFM index in Dubai fell 1.4% and the ADX benchmark index in Abu Dhabi declined 1%.
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 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.
QNBFS Daily Technical Trader Qatar - September 06, 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.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic DataChampak Jhagmag
In this presentation, we will explore the rise of generative AI in finance and its potential to reshape the industry. We will discuss how generative AI can be used to develop new products, combat fraud, and revolutionize risk management. Finally, we will address some of the ethical considerations and challenges associated with this powerful technology.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
1. Page 1 of 6
QE Intra-Day Movement
Qatar Commentary
The QE index rose 0.6% to close at 9,761.0. Gains were led by the Real Estate
and Transportation indices, gaining 2.0% and 1.5% respectively. Top gainers
were Qatari Investors Group and Barwa Real Estate Co., rising 3.2% each.
Among the top losers, Qatar Fuel Co. fell 0.6%, while Commercial Bank of
Qatar declined 0.4%.
GCC Commentary
Saudi Arabia: The TASI index gained marginally to close at 8,017.8. Gains
were led by the Multi-Inv. and Cement indices, rising 0.7% and 0.5%
respectively. Nat. Gypsum Co. gained 7.0%, while Al Ahsa Dev. was up 4.7%.
Dubai: The DFM index fell 0.2% to close at 2,823.0. The Investment &
Financial Ser. index declined 4.8%, while the Services index was down 0.4%.
Int. Financial Advisors fell 9.6%, while Dubai Financial Market was down 5.6%.
Abu Dhabi: The ADX benchmark index declined 0.1% to close at 3,857.8. The
Con. index fell 3.7%, while the Ind. index was down 2.2%. Nat. Bank of Umm
Al Qaiwain declined 10.0%, while Int. Fish Farming Holding was down 7.2%.
Kuwait: The KSE index fell 1.2% to close at 7,624.6. The Consumer Goods
index declined 2.5%, while the Oil & Gas index was down 2.0%. Future Kid
Ent. & Real Estate Co. fell 8.2%, while Nat. Slaughter House was down 7.6%.
Oman: The MSM index declined 0.4% to close at 6,647.5. Losses were led by
the Banking & Investment and Industrial indices, falling 0.6% and 0.1%
respectively. Ahli Bank declined 1.9%, while Bank Dhofar was down 1.6%.
Bahrain: The BHB index fell 0.1% to close at 1,194.0. The Investment index
declined 0.4%, while the Commercial Banking index was down 0.1%. Gulf
Finance House fell 3.7%, while Khaleeji Commercial Bank was down 2.0%.
Qatar Exchange Top Gainers Close* 1D% Vol. „000 YTD%
Qatari Investors Group 30.25 3.2 524.4 31.5
Barwa Real Estate Co. 26.15 3.2 1,210.0 (4.7)
Zad Holding Co. 67.70 2.4 1.0 15.1
Qatar Industrial Manufacturing Co. 50.10 2.0 5.5 (5.6)
Al Meera Consumer Goods Co. 136.20 1.9 135.4 11.3
Qatar Exchange Top Vol. Trades Close* 1D% Vol. „000 YTD%
Barwa Real Estate Co. 26.15 3.2 1,210.0 (4.7)
United Development Co. 22.10 0.7 1,024.4 24.2
Qatar Gas Transport Co. 19.69 1.9 819.9 29.0
Qatari Investors Group 30.25 3.2 524.4 31.5
Masraf Al Rayan 29.15 0.3 438.3 17.6
Source: Bloomberg (* in QR)
Market Indicators 03 Oct 13 02 Oct 13 %Chg.
Value Traded (QR mn) 289.7 258.1 12.2
Exch. Market Cap. (QR mn) 530,140.4 527,921.6 0.4
Volume (mn) 6.9 5.8 19.3
Number of Transactions 3,750 3,040 23.4
Companies Traded 38 37 2.7
Market Breadth 30:5 31:3 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 13,946.28 0.6 1.9 23.3 N/A
All Share Index 2,452.17 0.5 1.6 21.7 12.2
Banks 2,360.55 0.3 0.9 21.1 12.5
Industrials 3,111.12 0.4 2.7 18.4 10.9
Transportation 1,819.07 1.5 2.8 35.7 12.5
Real Estate 1,803.23 2.0 4.2 11.9 13.6
Insurance 2,265.15 0.7 0.9 15.4 9.4
Telecoms 1,454.92 0.7 1.0 36.6 15.3
Consumer 5,897.58 (0.0) 0.0 26.3 24.2
Al Rayan Islamic Index 2,805.35 0.9 2.3 12.7 14.5
GCC Top Gainers##
Exchange Close#
1D% Vol. „000 YTD%
Air Arabia Dubai 1.47 6.5 145,136.2 76.0
Qatari Investors Group Qatar 30.25 3.2 524.4 31.5
Barwa Real Estate Co. Qatar 26.15 3.2 1,210.0 (4.7)
Abdullah Al Othaim Saudi Arabia 140.00 2.6 40.7 70.2
Al Abdullatif Ind. Inv. Saudi Arabia 45.80 2.2 271.2 44.5
GCC Top Losers##
Exchange Close#
1D% Vol. „000 YTD%
NBQ Abu Dhabi 3.15 (10.0) 700.0 70.3
Dubai Financial Market Dubai 2.21 (5.6) 113,532.9 116.7
Gulf Pharma. Industry Abu Dhabi 3.19 (5.1) 17.8 16.0
Dubai Investments Dubai 2.08 (4.6) 138,574.0 144.1
Deyaar Development Dubai 0.64 (3.6) 58,634.8 81.8
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)
Qatar Exchange Top Losers Close* 1D% Vol. „000 YTD%
Qatar Fuel Co. 282.30 (0.6) 26.3 28.3
Commercial Bank of Qatar 68.60 (0.4) 132.2 (3.2)
National Leasing 34.55 (0.3) 114.8 (23.6)
Industries Qatar 151.90 (0.3) 131.8 7.7
Ezdan Holding Group 17.19 (0.1) 22.7 (5.5)
Qatar Exchange Top Val. Trades Close* 1D% Val. „000 YTD%
Barwa Real Estate Co. 26.15 3.2 31,365.3 (4.7)
QNB Group 168.30 0.5 23,819.2 28.6
United Development Co. 22.10 0.7 22,639.9 24.2
Medicare Group 49.70 1.5 21,482.6 39.2
Doha Bank 54.40 0.2 20,886.7 17.3
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* 9,761.03 0.6 1.9 1.6 16.8 79.57 145,576.6 12.1 1.7 4.7
Dubai 2,822.97 (0.2) 3.1 2.2 74.0 541.70 68,601.9 16.4 1.1 3.2
Abu Dhabi 3,857.83 (0.1) 0.5 0.4 46.6 175.11 110,760.3 11.0 1.4 4.7
Saudi Arabia 8,017.77 0.0 0.5 0.7 17.9 1,052.42 426,241.5 16.7 2.1 3.6
Kuwait 7,624.64 (1.2) (2.0) (1.8) 28.5 96.77 125,194.9 18.3 1.2 3.7
Oman 6,647.45 (0.4) (0.2) 0.0 15.4 12.06 23,241.3 11.0 1.6 3.9
Bahrain 1,194.04 (0.1) (0.3) 0.0 12.1 1.77 23,084.3 8.4 0.8 4.0
Source: Bloomberg, Qatar Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
9,660
9,680
9,700
9,720
9,740
9,760
9,780
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00
2. Page 2 of 6
Qatar Market Commentary
The QE index rose 0.6% to close at 9,761.0. The Real Estate
and Transportation indices led the gains. The index rose on the
back of buying support from non-Qatari shareholders despite
selling pressure from Qatari shareholders.
Qatari Investors Group and Barwa Real Estate Co. were the top
gainers, rising 3.2% each. Among the top losers, Qatar Fuel Co.
fell 0.6%, while Commercial Bank of Qatar declined 0.4%.
Volume of shares traded on Thursday rose by 19.3% to 6.9mn
from 5.8mn on Wednesday. However, as compared to the 30-
day moving average of 7.9mn, volume for the day was 13.1%
lower. Barwa Real Estate Co. and United Development Co. were
the most active stocks, contributing 17.5% and 14.8% to the total
volume respectively.
Source: Qatar Exchange (* as a % of traded value)
Ratings and Global Economic Data
Ratings Updates
Company Agency Market Type* Old Rating New Rating Rating Change Outlook Outlook Change
Saudi Basic
Industries Corp.
(SABIC)
Fitch
Saudi
Arabia
Capital II BV's five-year
$1bn 2.625% senior
unsecured guaranteed
bonds
– A+#
– – –
Source: News reports (* LT – Long Term, ST – Short Term, FSR- Financial Strength Rating, FCR – Foreign Credit Rating, LCR – Local Currency Rating, IDR – Issuer Default Rating, SR – Support Rating, LC –
Local Currency, SACP - Stand-Alone Credit Profile) (
#
Rating assigned)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
10/03 US
Challenger, Gray &
Christmas
Challenger Job Cuts YoY September 19.10% – 56.50%
10/03 US IPSOS Public Affairs RBC Consumer Outlook Index October 50.7 – 51.1
10/03 US Department of Labor Initial Jobless Claims 28-September 308K 315K 307K
10/03 US Department of Labor Continuing Claims 21-September 2925K 2805K 2821K
10/03 US Bloomberg Bloomberg Consumer Comfort 29-September -29.4 – -28.1
10/03 US ISM ISM Non-Manf. Composite September 54.4 57.0 58.6
10/03 EU Markit PMI Services September 52.2 52.1 50.7
10/03 EU Markit PMI Composite September 52.2 52.1 51.5
10/03 EU Eurostat Retail Sales MoM August 0.70% 0.20% 0.50%
10/03 EU Eurostat Retail Sales YoY August -0.30% -1.50% -0.70%
10/04 EU Eurostat PPI MoM August 0.00% 0.10% 0.20%
10/04 EU Eurostat PPI YoY August -0.80% -0.50% 0.00%
10/03 France Markit PMI Services September 51.0 50.7 48.9
10/03 Germany Markit PMI Services September 53.7 54.4 52.8
10/04 Germany Destasis PPI MoM August -0.10% 0.00% -0.10%
10/04 Germany Destasis PPI YoY August -0.50% 0.00% 0.00%
10/03 UK Lloyds TSB Halifax House Prices MoM September 0.30% 0.50% 0.30%
10/03 UK Lloyds TSB Halifax House Price 3Mths/Year September 6.20% 6.40% 5.40%
10/03 UK Markit PMI Services September 60.3 60.5 60.5
10/04 UK Lloyds Bank Lloyds Employment Confidence September -13 – -22
10/03 Italy Markit PMI Services September 52.7 49.1 48.8
10/03 China CFLP Non-manufacturing PMI September 55.4 – 53.9
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
Qatar economic activity soaring on back of large
infrastructure projects – According to a report by QNB Group,
large infrastructure projects such as the Doha Metro Rail and
Hamad International Airport would accelerate Qatar’s economic
activity until the year-end, playing an increasing role to develop
the country’s non-hydrocarbon sector until 2015. Many
expatriate workers are entering Qatar to respond to higher labor
demand from infrastructure spending. The QNB Group report
said this increased level of job growth and higher disposable
incomes should boost domestic consumption, which will be a
key driving force for GDP growth over the medium-term. With
Qatar’s population more than tripling in the last 12 years, there
has been a reciprocal increase in the number of vehicles on the
roads (876,039 vehicles in 2012, compared with 287,500 in
2000). Furthermore, the Consumer Price Index (CPI) has
Overall Activity Buy %* Sell %* Net (QR)
Qatari 60.56% 62.39% (5,309,877.06)
Non-Qatari 39.44% 37.61% 5,309,877.06
3. Page 3 of 6
stabilized at a moderate level (3.1%) in August 2013. Rents are
rising but the rate of rental increases has been slowing in recent
months, while non-rent inflation has fallen. The latest CPI data is
in line with QNB Group’s forecast for 3.6% inflation in 2013 as a
whole, which would increase slightly to 3.8% in 2014.
Meanwhile, Qatar’s real GDP expanded at a robust 6% YoY
pace, spurred by double-digit growth in various sectors such as
construction, transport, communication, financial and business
services. QNB Group expects the real GDP growth to accelerate
during 2H2013, reaching 6.5% for the entire year and 6.8% in
2014, powered by large infrastructure projects and higher
population. (Gulf-Times.com)
MOQ, GDI sign rig deals worth QR750mn – Maersk Oil Qatar
(MOQ) and Gulf Drilling International (GDI) have signed two new
contracts worth QR750mn for two oil drilling rigs. The first one is
a two-year contract for the GDI jack-up drilling rig (B-341) and
the second one is a three-year contract for a new GDI offshore
accommodation jack-up rig. These deals represent the second
and third major deals between GDI and MOQ in 2013. (Gulf-
Times.com)
SCH to set rules for social health insurance law – The
Supreme Council of Health (SCH) said it will shortly issue
executive regulations for the social health insurance law in
Qatar. The council has confirmed that it is developing
administrative systems and procedures to supervise the health
insurance system in coordination with entities concerned and
with the aim to protect consumers, beneficiaries and service
providers. (Gulf-Times.com)
Barzan Gas Project‟s four offshore modules reach Qatar –
RasGas Company Ltd announced that four offshore platform
topside modules for the Barzan Gas Project have safely arrived
from Ulsan, South Korea to Qatar’s North Field. These offshore
platform modules weighing 9,500 tons include three wellhead
platforms and living quarters module. These modules are
expected to be installed this month. (Peninsula Qatar)
GWCS, Intercept sign deal on packing materials – The Gulf
Warehousing Company (GWCS) has concluded an exclusivity
agreement with Intercept Technology Middle East covering the
region of Qatar for Intercept’s anti-corrosion packing materials.
(Gulf-Times.com)
GWCS‟ BoD appoints new group CEO – The Gulf
Warehousing Company’s (GWCS) board of directors has
appointed Ranjeev Menon as its new group CEO. Ranjeev
Menon had previously worked as the CEO of GWCS. (QE)
Ashghal announces work tender for new health centers –
The Public Works Authority (Ashghal) has announced a tender
for the construction of two new health centers at Maither and Al-
Wajbah. These new health centers would have an area of
around 28,000-33,000 square meters that includes all the
necessary facilities, equipment and ample parking space. (Gulf-
Times.com)
QA begins weekly non-stop flights to Ta'if – Qatar Airways
has expanded its operations in Saudi Arabia with the launch of
four weekly non-stop flights from Doha to Ta'if. This is the sixth
destination in the Kingdom for QA, which now operates 69
weekly flights. (GulfBase.com)
QNNS to announce its 3Q2013 results on October 28 –
Milaha (QNNS) will disclose its 3Q2013 financial results for the
period ending September 30, 2013 on October 28, 2013. (QE)
MCCS to announce its 3Q2013 results on October 27 –
Mannai Corporation (MCCS) will disclose its 3Q2013 financial
results for the period ending September 30, 2013 on October
27, 2013. (QE)
Ezdan to announce its 3Q2013 results on October 27 –
Ezdan Holding Group (ERES) will disclose its 3Q2013 financial
results for the period ending September 30, 2013 on October
27, 2013. (QE)
International
US House passes bill to retroactively reimburse furloughed
workers – The House of Representatives passed a bill to make
sure federal workers furloughed under the current government
shutdown will be reimbursed for lost pay once government
reopens. The White House backs the bill and the Senate is
expected to approve it too, though the timing is unclear. The
407-0 vote in the House was uniquely bipartisan, even as
lawmakers continued their partisan rhetoric. Making the
shutdown less painful for 800,000 federal employees will
encourage Congress and the White House to extend it even
longer, driving up the cost, said Steve Ellis of Taxpayers for
Common Sense. (The Guardian)
IMF: US debt crisis threatens world economy – IMF chief
Christine Lagarde said it was "mission critical" that Democrats
and Republicans raise the US debt ceiling before the 17 October
deadline. Lagarde said the dispute was a fresh setback for a
global economy that would take at least a decade to recover
from the slump of 2008-09. She added that the world's biggest
economy needed to put its finances in order, but favoured back-
loaded measures to raise revenues and limit entitlement
spending such as medicare that did not jeopardise short-term
growth. (The Guardian)
Bank of Japan refrains from more stimulus – The Bank of
Japan refrained from adding to unprecedented monetary
stimulus after business confidence surged and Prime Minister
Shinzo Abe decided the economy was strong enough to weather
a sales-tax increase. The central bank said it was ready to top
up its existing massive stimulus if the recovery underway in the
world's third-largest economy was threatened. The Bank of
Japan also warned that a prolonged US budget standoff would
hit global markets very hard. (Bloomberg, Reuters)
Bank of Spain says further cuts needed to curb deficit –
Bank of Spain Governor Luis Maria Linde said the government
would need to make further adjustments to bring the public
deficit in line with European targets, and warned it would be
difficult in a climate of slow economic recovery. Linde said "It is
not unjustified to affirm that the Spanish economy seems to be
getting over the second recession of this prolonged crisis".
(Reuters)
Moody's revises Slovakia's credit outlook to Stable –
Moody's Investors Service revised Slovakia's sovereign foreign
currency credit rating outlook to Stable from Negative, citing its
expectation of a more stable debt profile and limited exposure to
the euro area debt crisis. The firm also affirmed its A2 credit
rating, which places it firmly in the mid-tier investment grade
category. Moody's said Slovakia's banking sector is considered
one of the most liquid in Europe, is well capitalized and is a
flexible source of funding for the sovereign. However, Moody’s
added that the macroeconomic conditions "remain subdued at
present." (Reuters)
Portugal EU/IMF creditors approve bailout review, goals
unaltered – Portugal's international lenders approved the
country's performance under a bailout in their latest review, but
rejected government requests to ease fiscal goals. With no
change in next year's budget deficit goal, the government is set
to push ahead with spending cuts of €4bn ($5.5bn) next year,
4. Page 4 of 6
which are likely to be detailed in the draft budget to be
presented later this month. Business groups have argued these
cuts could compromise a fledgling recovery. The first signs of
economic growth prompted the government and creditors to
raise next year's growth forecast to 0.8% from 0.6%. This year's
GDP contraction is now seen at 1.8% compared with the
previous estimate of a 2.3% decline. (Reuters)
Portugal to avoid new bailout – Portugal’s Prime Minister
Pedro Passos Coelho said the country will avoid a new bailout
despite facing a difficulty in balancing its public finances back
and rising discontent with austerity measures. Portugal had
received a bailout worth $106bn in May 2011 from the EU and
IMF, which lasts until June 2014. In a bid to balance the budget,
The Portuguese government has imposed tax increases and
wage cuts, aggravating a downturn that has sent unemployment
to a record 17.7%. (Gulf-Times.com)
Regional
IMF forecasts 4.4% growth for GCC region in 2014 – The
International Monetary Fund (IMF) has forecast that the GCC
region’s GDP growth will pick up to 4.4% in 2014, as oil
production rises and the region’s non-oil sector benefits from the
large infrastructure projects being implemented. The Fund has
asked GCC countries to push for further reforms and ensure a
steady growth in the region. IMF’s Deputy Managing Director
Nemat Shafik said, at a time when the global economy is still
struggling to rebound from the global crisis, organizations such
as the GCC region that bring together countries in a cooperative
spirit to discuss mutual problems have proven effective. The
GCC growth rate is projected at 3.7% in 2013, much lower than
the exceptionally strong rate of 6.4% seen in 2010-12, which is
still favorable by global standards. (Peninsula Qatar)
GCC transport ministers discuss GCC rail network – Qatar’s
Minister of Transport HE Jassim bin Seif Al Sulaiti said the
proposed GCC rail network project is on track and a time-frame
for its implementation will be announced soon. The minister
stated that the railway project was one of the main issues
discussed in the 17th meeting of GCC Transport Ministers that
was held recently in Bahrain. (Peninsula Qatar)
Saudi PMI rises to 58.7 in September – The headline Saudi
Arabian Purchasing Managers’ Index (PMI) compiled by the
Saudi British Bank (SABB) and HSBC rose to a six-month high
to 58.7 in September 2013 from 57.5 in August. This figure
signaled a further rise in output levels among Saudi Arabia’s
non-oil producing private sector firms, taking them to a five-
month high. Demand from foreign markets has also
strengthened substantially in September with the growth rate of
new export business accelerating to the fastest rate in the
study’s history. (GulfBase.com)
Kingdom not worried about US political deadlock – Saudi
Arabia’s Central Bank Governor Fahad al Mubarak said the
bank is not worried by the political deadlock in Washington that
could cause the US to default on its debt. al Mubarak said he is
not concerned since US politicians have been there before and
have resolved their political impasse earlier. Most of the Saudi
central bank's net foreign assets of $690bn are believed to be
denominated in the US dollars, in the form of US Treasury
bonds. (Reuters)
ACWA plans to issue $800mn Islamic bonds, seeks listing
on Tadawul by 2014 – Saudi water & power project developer,
ACWA Power’s Chief Executive Paddy Padmanathan said the
company is planning to sell an $800mn debut Islamic bond in
2013 and list on the Saudi stock exchange (Tadawul) by around
the end of 2014, as it ramps up production capacity. He added
that the company is also negotiating a 5% capital increase with
the International Finance Corporation (IFC), a unit of the World
Bank. He also said that a power purchase agreement for the
1,800 MW Rabigh 2 power plant commissioned by the Saudi
Electricity Company is likely to be signed by the end of October
2013, with a financial closure on the $1.2bn project financing
done soon after. (Reuters)
IDB plans to increase its sukuk program from $6.5bn to
$10bn – The Islamic Development Bank (IDB) is planning to
increase its sukuk program from $6.5bn to $10bn in order to
keep pace with the rising demand for investment-grade paper
from international institutions. IDB’s Treasury Department
Director Hasan Demirhan said the bank is planning to make the
increase official in November, which is subject to clearance from
regulators in Britain, where its multi-currency program is listed.
This increase will help IDB to meet its goal of issuing one sukuk
publicly every year and cater to a growing number of requests
from investor for private placements. According to Reuters, the
bank has already issued around $7bn via 15 sukuk programs,
out of which $6.3bn is currently outstanding. (GulfBase.com)
Saudia to buy 35 new planes to strengthen its fleet – The
Saudi Arabian Airlines (Saudia) is set to buy 35 new aircraft as
part of its strategic plan to strengthen its domestic and
international fleet networks. Saudia’s Director General Khaled Al
Molhem said that the airline has already received 68 of the 90
new aircraft, which it had ordered from Airbus and Boeing.
(GulfBase.com)
S&P asses Arab National Bank‟s SACP at “a-” – S&P has
assessed Arab National Bank’s (ANB) stand-alone credit profile
(SACP) at a-. S&P’s current ANB’s rating stands as follows;
counterparty credit rating at “A/Positive/A-1”; senior unsecured
rating at “A”; short-term debt at “A-1”; subordinated at “A”.
(Bloomberg)
HSBC UAE PMI indicates robust growth – The HSBC UAE
PMI rose to 56.6 points in September 2013 from 54.5 points in
August as output growth and new orders accelerated at the
fastest pace in 29 months. Order intakes increased at a faster
pace and new export business rose, leading to steady rise in
employment levels. New business from abroad also rose sharply
in September as compared to August. Increased tourism and
improved market conditions contributed to the latest rise in new
export orders. Meanwhile, the Bloomberg Middle East Economic
Survey pegs the UAE’s GDP growth at 3.9%. (GulfBase.com)
Alok International closes $150mn syndicated Murabaha
facility – Alok International Middle East, a wholly-owned
subsidiary of India-based Alok Industries Limited, has
successfully completed a syndicated Murabaha facility worth
$150mn. Alok International is the first Indian corporate
enterprise to avail financing under a syndicated Shari'ah-
compliant structure through its subsidiary in the UAE. This
facility has been structured under a commodity Murabaha
transaction to provide liquidity to Alok and is secured by export
receivables. Noor Islamic Bank and Warba Bank were the
mandated lead arrangers. Noor Islamic Bank also acted as the
book runner, structuring & documentation bank, investment
agent and security agent for this issue. The other participants in
the facility included the Commercial Bank International and the
United Arab Bank. (AME Info)
Dubai aims to be Islamic economy hub by 2016 – Dubai has
announced an ambitious plan to establish itself as the main
global center for products and services compliant with Islamic
law over the next three years. The Supreme Committee for
developing the Islamic economy said the initiative is based on
establishing the necessary laws and regulatory bodies to
5. Page 5 of 6
develop the sector. The Islamic economy includes halal food
products and Shari’ah-compliant tourism, culture and education,
as well as Shari’ah-friendly financial instruments and insurance.
(Qatar Tribune)
JLL: Dubai‟s property prices will rise but at slower rate –
According to a report by Jones Lang LaSalle (JLL), residential
prices in Dubai will continue to increase over the next 12
months, but at a slower rate. JLL Head of Research Craig
Plumb said that the Emirate economy is recovering due to its
trade, transport and tourism activities. Residential prices have
increased by more than 22% due to resurgent investor
confidence. The report showed that the current overheating
would be tempered by new regulation issued by the Dubai Land
Department to curb excessive speculation. The government is
also working to introduce mortgage limits for both the expatriate
and local investors. Around 45,000 new housing units are
expected to be delivered in Dubai before the end of 2015, which
represents an annual increase of around 16,000.
(GulfBase.com)
Dubai approves AED1.2bn for beneficiaries of Sheikh Zayed
Housing Program – The Ruler of Dubai HE Sheikh Mohammed
bin Rashid Al Maktoum has approved a payment worth
AED1.2bn to 2,854 beneficiaries of the Sheikh Zayed Housing
Program. This is the biggest payment released in 2013, which
covers all deserving categories and 260 final approvals worth
AED130mn. (Bloomberg)
Etihad, German firm bid for Air India‟s Boeing longer-range
jets – Etihad Airways and a German aircraft leasing company
are separately bidding to acquire five of the world’s longest-
range jetliners from Air India Ltd, which has scaled back plans to
expand non-stop flights to North America. According to sources,
the two bids are being evaluated by Air India and will be
submitted to its board for approval. Air India has put the five
Boeing 777-200 longer-range planes up for sale, as high jet fuel
prices and weak demand from Indian travelers has forced it to
forsake plans to operate nonstop long-distance flights to North
America. (Gulf-Times.com)
Nakheel to launch 400 new homes at Al Furjan, awards
AED4mn road contract to Al Wasit – Dubai-based property
developer Nakheel is set to launch a new phase of around 400
new homes at its Al Furjan community, which will be constructed
over the next two years. Meanwhile, Nakheel has awarded an
AED4mn contract to Al Wasit Roads Contracting to develop four
new road links between Al Furjan and the Al Yalayis Road,
which will connect Dubai’s Sheikh Mohammed bin Zayed Road
and Sheikh Zayed Road. (GulfBase.com)
Empower obtains AED521.6mn loan facility from DHBK –
The Emirates Central Cooling Systems Corporation (Empower)
has obtained a loan facility worth AED521.6mn from Doha Bank
(DHBK) to fund its expansion plans in Business Bay and other
planned projects across Dubai. Empower is currently developing
its second district cooling plant in Business Bay, which will have
a total capacity of 45,000 refrigeration tons and will be
completed in mid-2014. (AME Info)
India approves Etihad‟s 24% stake purchase in Jet Airways
– The Government of India has given final approval to Abu
Dhabi-based Etihad Airways for its purchase of 24% stake in Jet
Airways. This approval will result in a foreign investment worth
$332mn. In April 2013, Etihad had agreed to buy a 24% stake in
Jet Airways as it sought access to a market where passenger
numbers are forecast to triple to 452mn by 2020. (Bloomberg)
Etisalat Facilities signs strategic deal with EMS to provide
integrated building management solution – Etisalat Facilities
Management has entered into a strategic partnership agreement
with Energy Management Systems (EMS) to provide integrated
solution to manage buildings and their facilities. This partnership
include a plan to replace existing building utility fittings with more
energy efficient fittings, as well as fix the facility management
fees at a competitive rate for the next five years. (GulfBase.com)
ADNOC seeks to upgrade infrastructure, expects crude
output to rise to 3.5mn bpd by 2017 – The Abu Dhabi National
Oil Company’s (ADNOC) Director General Abdulla Nasser Al
Suwaidi said the company is constantly seeking to upgrade its
exploration, production and refining infrastructure and expects
its crude oil output to increase to 3.5mn bpd by 2017. The Shah
Gas field is expected to begin production by late 2014. Al
Suwaidi said the expansion of Ruwais refinery will take
ADNOC’s total refining capacity to some 900,000 bpd in 2014,
which will meet the rising demand for refined products. Al
Suwaidi also said Abu Dhabi was able to successfully overcome
the challenges in the gas industry by developing the first
unconventional sour gas field. A new ADNOC subsidiary, the
Abu Dhabi Gas Development Company has been set up to
develop sour gas resources at Shah Field. This will become
operational during 2014 with a processing capacity of 28.3
million cubic meters (MCM) and will produce approximately 14.2
MCM of lean, sweet gas which will be supplied to Abu Dhabi gas
pipeline network. This plant will also produce condensates, LPG
and ethane for petrochemicals industry. (GulfBase.com)
KHCB appoints new CEO – Khaleeji Commercial Bank (KHCB)
has appointed Khalil Al Meer as the new CEO. Al Meer has an
extensive experience in commercial banking having worked for
many years in reputed banks in Bahrain. Prior to his latest
appointment, Al Meer was the General Manager of Corporate
Banking division in the Bank of Bahrain & Kuwait (BBK).
6. Contacts
Saugata Sarkar Ahmed M. Shehada Keith Whitney Sahbi Kasraoui
Head of Research Head of Trading Head of Sales Manager - HNWI
Tel: (+974) 4476 6534 Tel: (+974) 4476 6535 Tel: (+974) 4476 6533 Tel: (+974) 4476 6544
saugata.sarkar@qnbfs.com.qa ahmed.shehada@qnbfs.com.qa keith.whitney@qnbfs.com.qa sahbi.alkasraoui@qnbfs.com.qa
QNB Financial Services SPC
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
DISCLAIMER: This publication has been prepared by QNB Financial Services SPC (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (“QNB”). QNBFS is regulated by the Qatar
Financial Markets Authority and the Qatar Exchange; QNB 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. We therefore strongly advise potential
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Page 6 of 6
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*Market closed on October 04, 2013)
80.0
90.0
100.0
110.0
120.0
130.0
140.0
150.0
Jan-10 Aug-10 Mar-11 Oct-11 May-12 Dec-12 Jul-13
QE Index S&PPan Arab S&P GCC
0.0%
0.6%
(1.2%)
(0.1%)
(0.4%)
(0.1%) (0.2%)
(1.9%)
(1.3%)
(0.6%)
0.0%
0.6%
1.3%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD%
Gold/Ounce 1,310.80 (0.5) (1.9) (21.8) DJ Industrial 15,072.58 0.5 (1.2) 15.0
Silver/Ounce 21.74 0.4 (0.2) (28.3) S&P 500 1,690.50 0.7 (0.1) 18.5
Crude Oil (Brent)/Barrel (FM
Future)
109.46 0.4 0.8 (1.5) NASDAQ 100 3,807.75 0.9 0.7 26.1
Natural Gas (Henry
Hub)/MMBtu
3.56 (0.6) 1.6 3.9 STOXX 600 309.89 0.1 (0.7) 10.8
North American Spot LPG
Propane Price
109.38 (0.2) 3.4 21.5 DAX 8,622.97 0.3 (0.4) 13.3
North American Spot LPG
Normal Butane Price
144.25 0.0 4.5 (18.3) FTSE 100 6,453.88 0.1 (0.9) 9.4
Euro 1.36 (0.4) 0.3 2.8 CAC 40 4,164.25 0.9 (0.5) 14.4
Yen 97.48 0.2 (0.8) 12.4 Nikkei 14,024.31 (0.9) (5.0) 34.9
GBP 1.60 (0.9) (0.8) (1.5) MSCI EM 1,007.92 0.3 0.8 (4.5)
CHF 1.10 (0.9) (0.1) 0.9 SHANGHAI SE Composite* 2,174.67 0.0 0.7 (4.2)
AUD 0.94 0.4 1.3 (9.2) HANG SENG 23,138.54 (0.3) (0.3) 2.1
USD Index 80.12 0.5 (0.2) 0.4 BSE SENSEX 19,915.95 0.1 1.0 2.5
RUB 32.18 (0.0) (0.5) 5.4 Bovespa 52,848.97 0.7 (1.7) (13.3)
BRL 0.45 (0.2) 2.0 (7.3) RTS 1,443.15 1.1 0.7 (5.5)
140.3
126.1
114.7