The QE index in Qatar rose 0.4% led by gains in the telecom and insurance indices. Qatar General Insurance and Mannai Corp. were the top gainers rising 5.5% and 2.7% respectively, while United Development Co. fell 6.3%. Regional indices were mixed with Saudi Arabia and Dubai rising while Abu Dhabi and Oman fell. Earnings news saw QEWS report a 117% rise in 2Q2013 net profit.
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.
The QE index in Qatar rose 0.5% led by gains in the real estate and telecom indices. Regionally, indices were mixed with Abu Dhabi rising 1.1% and Kuwait up 0.4% while Saudi Arabia fell 0.1%. Globally, data showed the US initial jobless claims were lower than expected while durable goods orders exceeded forecasts. Earnings news included du reporting an 8.5% rise in revenue and 45.6% increase in profits.
The QE Index in Qatar declined 0.8% led by losses in the insurance and real estate indices. Ezdan Holding Group and Mazaya Qatar Real Estate Development were the top losers, falling 9.9% and 6.3% respectively. Volume traded fell 20% but was higher than the 30-day average. In other GCC markets, indices were mixed with Saudi Arabia down 0.1% while Abu Dhabi gained 0.2% and Bahrain gained 0.7%.
The QSE Index in Qatar gained 0.3% driven by gains in the Industrials and Consumer Goods & Services indices. Zad Holding and Mazaya Qatar Real Estate were the top gainers rising 5% and 3.1% respectively, while Ahli Bank fell 4.3%. Regional indices were mixed with Saudi Arabia up 1% and Oman down 0.1%. Earnings news was reported from various companies such as Emaar Malls and Nakheel. Global economic data included a 1.9% rise in US personal consumption but a -0.1% fall in GDP price index.
The QE index in Qatar declined 1.1% led by losses in the Banking & Financial Services and Telecom indices. Qatar Cinema & Film Distribution Co. and QNB Group were the top losers falling 10% and 3.8% respectively. Trading activity increased compared to the previous day but remained below the 30-day average. Regional indices were mixed with Saudi Arabia and Oman rising slightly while others fell. The document provides market commentary and data on trading activity in Qatar and other GCC markets.
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.
The QE index in Qatar rose 0.5% led by gains in the real estate and telecom indices. Regionally, indices were mixed with Abu Dhabi rising 1.1% and Kuwait up 0.4% while Saudi Arabia fell 0.1%. Globally, data showed the US initial jobless claims were lower than expected while durable goods orders exceeded forecasts. Earnings news included du reporting an 8.5% rise in revenue and 45.6% increase in profits.
The QE Index in Qatar declined 0.8% led by losses in the insurance and real estate indices. Ezdan Holding Group and Mazaya Qatar Real Estate Development were the top losers, falling 9.9% and 6.3% respectively. Volume traded fell 20% but was higher than the 30-day average. In other GCC markets, indices were mixed with Saudi Arabia down 0.1% while Abu Dhabi gained 0.2% and Bahrain gained 0.7%.
The QSE Index in Qatar gained 0.3% driven by gains in the Industrials and Consumer Goods & Services indices. Zad Holding and Mazaya Qatar Real Estate were the top gainers rising 5% and 3.1% respectively, while Ahli Bank fell 4.3%. Regional indices were mixed with Saudi Arabia up 1% and Oman down 0.1%. Earnings news was reported from various companies such as Emaar Malls and Nakheel. Global economic data included a 1.9% rise in US personal consumption but a -0.1% fall in GDP price index.
The QE index in Qatar declined 1.1% led by losses in the Banking & Financial Services and Telecom indices. Qatar Cinema & Film Distribution Co. and QNB Group were the top losers falling 10% and 3.8% respectively. Trading activity increased compared to the previous day but remained below the 30-day average. Regional indices were mixed with Saudi Arabia and Oman rising slightly while others fell. The document provides market commentary and data on trading activity in Qatar and other GCC markets.
The QE index in Qatar declined 1.8% led by losses in the telecom and banking indices. Qatar Cinema and Qatar Islamic Bank were the top losers falling 10% and 5.3% respectively. Trading volume rose 34.4% but was lower than the 30-day average. A draft law was issued allowing non-Qatari investors up to 49% ownership in listed companies. The Commercial Bank of Qatar completed a $750 million bond issue.
The QE Index rose 2.0% to close at 10,503.6. Gains were led by the Banks & Financial Services and Industrials indices, gaining 2.6% and 2.3%, respectively.
The QSE Index rose 0.1% to close at 9,015.2. Gains were led by the Banks & Financial Services and Industrials indices, gaining 0.4% and 0.1%, respectively.
QNBFS Daily Market Report October 28, 2021QNB Group
The QE Index declined 0.3% to close at 11,665.7. Losses were led by the Telecoms and Consumer Goods & Services indices, falling 1.7% and 0.6%, respectively.
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 November 03, 2019QNB Group
The QE Index declined 0.9% to close at 10,189.0. Losses were led by the Industrials and Banks & Financial Services indices, falling 1.2% and 1.0%, respectively.
The QE Index in Qatar rose 0.9% led by gains in the insurance and consumer goods indices. Al Khaleej Takaful Group and Qatar General Insurance rose 3.4% each, while Qatar Industrial Manufacturing fell 1.5%. Trading volume fell 21.9% compared to the 30-day average. Doha Bank's third quarter net income fell 10.2% quarter-over-quarter to QR348.1 million due to a 14.5% drop in non-interest income.
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 QSE Index declined 0.7% to close at 10,479.3, led by losses in the Telecom and Banks & Financial Services indices. Ooredoo fell 7.1% while Qatar Islamic Insurance Co. fell 3.8%. Saudi Arabia's TASI index fell 1.1% and Kuwait's KSE index fell 0.3%. Global markets were mixed, with the US ISM non-manufacturing index falling below estimates but initial jobless claims meeting estimates.
The QE Index declined 0.2% to close at 10,793.0. Losses were led by the Real Estate and Consumer Goods & Services indices, falling 1.2% and 0.5%, respectively.
The QE Index in Qatar rose 0.2% led by gains in the Banks & Financial Services and Telecoms indices. Trading volume fell 23.9% compared to the previous day. In other GCC markets, indices declined except in Kuwait where the index rose 0.3%. Earnings reports were mixed with some companies in Oman reporting declines in profits. Global economic data showed declines in industrial production in the EU and a fall in the ZEW survey expectations in Germany.
The QE Index declined 0.1% to close at 13,711.9. Losses were led by the Industrials and Telecoms indices, falling 0.7% each. Top losers were Qatar Insurance Company and Investment Holding Group, falling 4.0% and 2.5%, respectively.
The QE index in Qatar declined 1.0% due to losses in the banking and industrial sectors. Top losers were Qatar German Co. for Med. Dev. and QNB Group. Regional markets were mixed with Dubai and Abu Dhabi rising while Saudi Arabia declined marginally. News included Qatari insurers' assets totaling QR15.9bn in 2012, Cabinet approving rent dispute panels, and potential increases in rents at Barwa Village. Vodafone Qatar appointed new directors and Ahli Bank and Alijarah will disclose upcoming quarterly results. The IMF approved the next $1bn tranche for Ireland's bailout program.
The Qatar Exchange Index gained 1.45% over the week to close at a new 52-week high. Trading value and volume decreased over the week. The banking sector contributed most to index gains, with Masraf Al Rayan and QNB Group being the top positive contributors. Non-Qatari individuals were net buyers while local institutions were net sellers.
The QE index in Qatar declined 1.8% led by losses in the telecom and banking indices. Qatar Cinema and Qatar Islamic Bank were the top losers falling 10% and 5.3% respectively. Trading volume rose 34.4% but was lower than the 30-day average. A draft law was issued allowing non-Qatari investors up to 49% ownership in listed companies. The Commercial Bank of Qatar completed a $750 million bond issue.
The QE Index rose 2.0% to close at 10,503.6. Gains were led by the Banks & Financial Services and Industrials indices, gaining 2.6% and 2.3%, respectively.
The QSE Index rose 0.1% to close at 9,015.2. Gains were led by the Banks & Financial Services and Industrials indices, gaining 0.4% and 0.1%, respectively.
QNBFS Daily Market Report October 28, 2021QNB Group
The QE Index declined 0.3% to close at 11,665.7. Losses were led by the Telecoms and Consumer Goods & Services indices, falling 1.7% and 0.6%, respectively.
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 November 03, 2019QNB Group
The QE Index declined 0.9% to close at 10,189.0. Losses were led by the Industrials and Banks & Financial Services indices, falling 1.2% and 1.0%, respectively.
The QE Index in Qatar rose 0.9% led by gains in the insurance and consumer goods indices. Al Khaleej Takaful Group and Qatar General Insurance rose 3.4% each, while Qatar Industrial Manufacturing fell 1.5%. Trading volume fell 21.9% compared to the 30-day average. Doha Bank's third quarter net income fell 10.2% quarter-over-quarter to QR348.1 million due to a 14.5% drop in non-interest income.
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 QSE Index declined 0.7% to close at 10,479.3, led by losses in the Telecom and Banks & Financial Services indices. Ooredoo fell 7.1% while Qatar Islamic Insurance Co. fell 3.8%. Saudi Arabia's TASI index fell 1.1% and Kuwait's KSE index fell 0.3%. Global markets were mixed, with the US ISM non-manufacturing index falling below estimates but initial jobless claims meeting estimates.
The QE Index declined 0.2% to close at 10,793.0. Losses were led by the Real Estate and Consumer Goods & Services indices, falling 1.2% and 0.5%, respectively.
The QE Index in Qatar rose 0.2% led by gains in the Banks & Financial Services and Telecoms indices. Trading volume fell 23.9% compared to the previous day. In other GCC markets, indices declined except in Kuwait where the index rose 0.3%. Earnings reports were mixed with some companies in Oman reporting declines in profits. Global economic data showed declines in industrial production in the EU and a fall in the ZEW survey expectations in Germany.
The QE Index declined 0.1% to close at 13,711.9. Losses were led by the Industrials and Telecoms indices, falling 0.7% each. Top losers were Qatar Insurance Company and Investment Holding Group, falling 4.0% and 2.5%, respectively.
The QE index in Qatar declined 1.0% due to losses in the banking and industrial sectors. Top losers were Qatar German Co. for Med. Dev. and QNB Group. Regional markets were mixed with Dubai and Abu Dhabi rising while Saudi Arabia declined marginally. News included Qatari insurers' assets totaling QR15.9bn in 2012, Cabinet approving rent dispute panels, and potential increases in rents at Barwa Village. Vodafone Qatar appointed new directors and Ahli Bank and Alijarah will disclose upcoming quarterly results. The IMF approved the next $1bn tranche for Ireland's bailout program.
The Qatar Exchange Index gained 1.45% over the week to close at a new 52-week high. Trading value and volume decreased over the week. The banking sector contributed most to index gains, with Masraf Al Rayan and QNB Group being the top positive contributors. Non-Qatari individuals were net buyers while local institutions were net sellers.
The QE index in Qatar declined 0.9% led by losses in the Telecom and Industrial indices. Top losers were Gulf Warehousing Co. and Qatar Electricity & Water Co. The DFM index in Dubai gained 0.6% while the ADX index in Abu Dhabi fell 0.1%. Regional indices were mixed with Qatar declining 0.9%, Dubai up 0.6%, Abu Dhabi down 0.1%, and Oman down 0.3%. Trading volumes on the Qatar exchange fell 51.9% compared to the previous day.
The QE index in Qatar declined 1.0% led by losses in the Telecom and Real Estate indices. Top losers were United Development Co and Qatar Insurance Co falling 2.2% and 1.8% respectively. Regional markets were mixed with Dubai and Abu Dhabi rising while Saudi Arabia and Kuwait declined. FTSE may upgrade Qatar's status to emerging market from frontier due to improvements in settlement processes and foreign ownership limits.
The Qatar Exchange Index fell 2.46% over the week to close at 9,246.19 points as market capitalization declined 2.09% to QR509.1 billion. Trading value and volume decreased 47.03% and 45.35% respectively. Foreign institutions turned bearish and were net sellers of QR46 million worth of equities. News from the US Federal Reserve dampened global markets as the Fed plans to slow bond purchases, while weak factory data from China also hurt investor sentiment in emerging markets. Qatari institutions were net buyers of QR117.3 million worth of stocks over the week.
The QE index in Qatar declined 0.6% due to losses in the telecom and industrial indices. Top losers were Qatar Telecom and Dlala Brok. & Inv. Holding Co., falling 1.8% and 1.6% respectively. Trading volume on the Qatar exchange declined 33.8% compared to the 30-day moving average. Fitch affirmed RasGas II & 3 bonds at A+ with a stable outlook. S&P said a change in Qatar's emir would likely not immediately impact credit ratings.
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 Qatar Exchange Index gained 0.79% over the week to close at 9,372.75 points. Market analysts forecast earnings results for key Qatari companies in the coming reporting season, with estimates for Industries Qatar showing a 15.3% quarterly decline but 1.4% yearly growth. Trading value on the QE decreased 24.67% over the week to QR972.2 million, while the number of transactions fell 18.16%. Foreign institutions remained net sellers during the week at QR70.1 million.
The QE index in Qatar declined slightly by 0.1% led by losses in the insurance and banking indices. Qatar General Insurance and Qatar Electricity & Water were the top losers falling 3.7% and 1.5% respectively. Trading activity on the Qatar exchange declined compared to the previous day and 30-day average. Meanwhile, indices in other Gulf markets mostly rose, with Saudi Arabia's TASI up 1% and Dubai's DFM rising 1.8%.
The QE index in Qatar rose 0.7% led by gains in the transportation and consumer goods indices. Qatar Gas Transport Co. and Islamic Holding Group were the top gainers rising 8.4% and 4.9% respectively. Volume traded on the QE index declined 40.5% from the previous day but was 45.1% higher than the 30-day moving average. A report showed that QNB Group had the fastest growing global bank among GCC banks based on asset growth.
This daily market report provides an overview of market activity and performance in Qatar and other GCC countries on July 24, 2012. The key points are:
- The QE index in Qatar fell 0.2% as the Real Estate and Industrials indices declined. Qatar Meat & Livestock and Al Meera Consumer Goods were the top losers.
- Trading volume on the Qatar Exchange decreased 4.5% compared to the previous day.
- Earnings news included a 5.1% increase in net income reported by Masraf Al Rayan bank in Qatar.
- Other news briefs highlighted Qatar Petroleum joining an oil and gas technology group, Vodafone Qatar share trading remaining suspended
The QE index rose 0.4% led by gains in the Banking & Financial Services and Telecoms indices. Islamic Holding Group and QNB Group were the top gainers, while Qatar Industrial Manufacturing Co. fell 2.1%. Regional indices were also up, with Abu Dhabi rising 1.0% and Dubai gaining 0.4%. Qatar lifted its 2013 GDP growth forecast to 5.3% from 4.8% previously, citing higher expected oil and gas output.
The QE index in Qatar rose 0.3% led by gains in the telecom and insurance indices. Dlala Brok. & Inv. Holding Co. and Ooredoo were the top gainers, while Islamic Holding Group and Al Meera Consumer Goods Co. declined. Volume traded was lower than the 30-day average. In other GCC markets, Saudi Arabia and Abu Dhabi rose while Kuwait fell. Global economic data showed higher than expected US consumer credit and small business optimism, while UK industrial production was flat.
The QE index in Qatar rose 0.3% led by gains in the banking and insurance indices. Qatar General Insurance and QNB Group were the top gainers rising 8.2% and 2.9% respectively, while Dlala Brokering declined 7.4%. Regional markets were mixed with Saudi Arabia and Dubai rising while Kuwait and Oman fell. Earnings news saw National General Insurance report a 150.6% rise in net profit for 2Q2013.
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
The QE Index in Qatar declined 0.5% due to losses in the Industrials and Insurance indices. Trading volume rose 53.9% while the number of transactions increased 113.6%. Qatar Cinema & Film Distribution and Investment Holding Group were the top losers, falling 8.1% and 3.6% respectively. Mannai Corporation and Dlala Brokerage & Inv. Holding Co. gained 10% and 9.1% respectively. Chinese GDP grew 4.8% YoY in Q1 2022, below estimates.
The QE Index rose 0.1% to close at 10,613.5. Gains were led by the Consumer Goods & Services and Banks & Financial Services indices, gaining 0.5% and 0.4%, respectively.
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 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 rose 0.3% to close at 9,260.0 led by gains in the Banks & Financial Services and Industrials indices. Medicare Group and Mazaya Qatar Real Estate Development were the top gainers rising 3.0% and 1.3% respectively, while Mannai Corporation fell 2.0%. Overall trading activity saw buying from GCC and non-Qatari shareholders despite selling pressure from Qatari shareholders.
The QE index in Qatar rose 1.4% led by gains in the telecom and industrial indices. Medicare Group and Dlala Brokerage rose the most, up 6.5% and 5.8% respectively, while Qatar General Insurance fell 5.7%. Regional indices were mixed with Saudi up 0.4% and Oman up 0.3% but Abu Dhabi down 0.4%. Qatar issued a new law raising the foreign ownership limit in listed companies to 49% from 25% to increase foreign investment liquidity in the $192 billion stock market.
The QSE Index rose 0.8% to close at 11,750.3, led by gains in the insurance and telecom indices. Qatar Insurance Co. and Ooredoo were the top gainers, rising 5.0% and 2.7% respectively, while Medicare Group fell 3.1%. Trading volume rose 11.9% compared to the previous day but was 1.3% lower than the 30-day average. Regionally, most indices were up modestly except for Kuwait and Oman which declined. Earnings news highlighted IQCD's 54.9% rise in net income that beat estimates, driven by higher steel and petrochemical revenues.
The QE index in Qatar declined 0.5% led by losses in the banking and financial services and industrials indices. QNB Group and Medicare Group were the top losers. Doha Insurance Co. and Zad Holding Co. were among the top gainers. Trading volume fell 16.5% compared to the previous day but was 4.9% higher than the 30-day moving average. Qatar is set to award infrastructure projects worth $26.2 billion in 2014, a significant increase from $9.4 billion in 2013, as major construction projects are planned across GCC countries.
The QE index in Qatar rose 0.6% led by gains in the real estate and transportation indices. Islamic Holding Group and Qatari Investors Group saw the largest gains, rising 10% and 9.9% respectively. Overall trading activity fell compared to the previous day. Regional indices were mixed with Saudi Arabia falling 0.1% while Bahrain rose 1.2%. Global economic data was mixed with money supply in China rising and industrial production falling in some European countries. News articles discussed Qatar's positive economic outlook benefiting the insurance industry and a 1.6% rise in Qatar's PPI in 4Q2013.
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 QSE Index in Qatar declined 2.7% led by losses in the real estate and telecom indices. Ezdan Holding Group and Vodafone Qatar were the top losers, falling 10% and 9% respectively. In other GCC markets, Saudi Arabia's TASI index rose marginally while Dubai and Abu Dhabi fell slightly and Kuwait and Oman declined around 0.3%.
The QE index in Qatar fell 0.1% led by declines in the telecom and industrial indices. Top losers were Dlala Brok. & Inv. Holding Co. and Al Khaleej Takaful Group, falling 10.0% and 6.9% respectively. Meanwhile, the TASI index in Saudi Arabia rose 0.4% with gains in the retail and food sectors. Trading volumes on the Qatar Exchange rose by 1.6% compared to the previous day.
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.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
Budgeting as a Control Tool in Government Accounting in Nigeria
Being a Paper Presented at the Nigerian Maritime Administration and Safety Agency (NIMASA) Budget Office Staff at Sojourner Hotel, GRA, Ikeja Lagos on Saturday 8th June, 2024.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
How Poonawalla Fincorp and IndusInd Bank’s Co-Branded RuPay Credit Card Cater...beulahfernandes8
The eLITE RuPay Platinum Credit Card, a strategic collaboration between Poonawalla Fincorp and IndusInd Bank, represents a significant advancement in India's digital financial landscape. Spearheaded by Abhay Bhutada, MD of Poonawalla Fincorp, the card leverages deep customer insights to offer tailored features such as no joining fees, movie ticket offers, and rewards on UPI transactions. IndusInd Bank's solid banking infrastructure and digital integration expertise ensure seamless service delivery in today's fast-paced digital economy. With a focus on meeting the growing demand for digital financial services, the card aims to cater to tech-savvy consumers and differentiate itself through unique features and superior customer service, ultimately poised to make a substantial impact in India's digital financial services space.
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
What Lessons Can New Investors Learn from Newman Leech’s Success?Newman Leech
Newman Leech's success in the real estate industry is based on key lessons and principles, offering practical advice for new investors and serving as a blueprint for building a successful career.
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
“Amidst Tempered Optimism” Main economic trends in May 2024 based on the results of the New Monthly Enterprises Survey, #NRES
On 12 June 2024 the Institute for Economic Research and Policy Consulting (IER) held an online event “Economic Trends from a Business Perspective (May 2024)”.
During the event, the results of the 25-th monthly survey of business executives “Ukrainian Business during the war”, which was conducted in May 2024, were presented.
The field stage of the 25-th wave lasted from May 20 to May 31, 2024. In May, 532 companies were surveyed.
The enterprise managers compared the work results in May 2024 with April, assessed the indicators at the time of the survey (May 2024), and gave forecasts for the next two, three, or six months, depending on the question. In certain issues (where indicated), the work results were compared with the pre-war period (before February 24, 2022).
✅ More survey results in the presentation.
✅ Video presentation: https://youtu.be/4ZvsSKd1MzE
1. Page 1 of 5
QE Intra-Day Movement
Qatar Commentary
The QE index rose 0.4% to close at 9,705.0. Gains were led by the Telecoms
and Insurance indices, gaining 1.5% and 1.4% respectively. Top gainers were
Qatar General Ins. & Rein. Co. and Mannai Corp., rising 5.5% and 2.7%
respectively. Among the top losers, United Development Co. fell 6.3%, while
Dlala Brok. & Inv. Holding Co. declined 5.3%.
GCC Commentary
Saudi Arabia: The TASI index rose 0.7% to close at 7,915.1. Gains were led
by the Agri. & Food Ind. and Hotel & Tour. Indices, rising 2.2% and 2.1%
respectively. Aljazira Takaful rose 9.9%, while Emaar Eco. City was up 9.4%.
Dubai: The DFM index gained 0.9% to close at 2,588.5. The Real Estate &
Construction index rose 1.4%, while the Inv. & Fin. Services index was up
1.2%. Air Arabia gained 3.7%, while Al Salam Bank - Bahrain was up 3.2%.
Abu Dhabi: The ADX benchmark index fell 0.9% to close at 3,847.4. The
Telecomm. index declined 2.1%, while the Energy index was down 1.3%.
Arkan Building Materials fell 5.0%, while Emirates Ins. Co. was down 3.2%.
Kuwait: The KSE index gained 0.1% to close at 8,070.2. The Consumer
Services index rose 0.5%, while the Real Estate index was up 0.3%. Manazel
Holding Co. gained 7.1%, while Osoul Investment Co. was up 5.8%.
Oman: The MSM index fell 0.4% to close at 6,643.3. Losses were led by the
Industrial and Banking & Investment indices, declining 0.5% each. Sohar
Power declined 2.7%, while Al Sharqia Investment Holding was down 2.1%.
Bahrain: The BHB index gained 0.2% to close at 1,194.9. The Commercial
Banking index rose 0.6%, while all other sub-indices remain unchanged except
Services index. Al Salam Bank gained 2.0%, while Ithmaar Bank was up 1.9%.
Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD%
Qatar General Ins. & Rein. Co. 55.80 5.5 14.5 21.3
Mannai Corp. 86.80 2.7 0.1 7.2
QNB Group 177.00 2.4 359.1 35.2
Ooredoo 139.80 1.7 169.8 34.4
Qatar Fuel Co. 268.00 1.6 53.0 21.8
Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD%
United Development Co. 22.48 (6.3) 6,286.9 26.3
Barwa Real Estate Co. 26.25 (0.6) 969.1 (4.4)
Doha Bank 50.70 1.5 746.5 9.4
Gulf International Services 47.85 0.9 615.4 59.5
Masraf Al Rayan 28.10 (0.2) 538.4 13.4
Market Indicators 31 July 13 30 July 13 %Chg.
Value Traded (QR mn) 518.4 373.5 38.8
Exch. Market Cap. (QR mn) 533,702.7 530,472.6 0.6
Volume (mn) 13.1 7.5 73.8
Number of Transactions 5,551 3,371 64.7
Companies Traded 39 39 0.0
Market Breadth 17:17 13:22 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 13,866.20 0.4 0.1 22.6 N/A
All Share Index 2,451.97 0.6 0.2 21.7 12.8
Banks 2,371.34 1.2 2.1 21.7 12.5
Industrials 3,154.39 0.3 (2.0) 20.1 11.7
Transportation 1,699.81 0.0 (0.4) 26.8 11.7
Real Estate 1,818.69 (3.0) (4.0) 12.8 11.6
Insurance 2,310.93 1.4 3.7 17.7 9.6
Telecoms 1,444.56 1.5 1.1 35.6 14.6
Consumer 5,700.69 0.7 (0.4) 22.1 23.1
Al Rayan Islamic Index 2,805.72 (0.9) (2.1) 12.8 13.8
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
Emaar Economic City Saudi Arabia 11.65 9.4 53,037.2 40.4
Abu Dhabi Nat. Ins. Co. Abu Dhabi 5.80 6.0 25.0 7.4
Qatar Gen. Ins. & Rein. Qatar 55.80 5.5 14.5 21.3
DAAR Saudi Arabia 10.85 5.3 49,652.7 31.5
SADAFCO Saudi Arabia 97.25 4.6 203.3 50.2
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
United Dev. Co. Qatar 22.48 (6.3) 6,286.9 26.3
United Electronics Co. Saudi Arabia 110.25 (3.7) 58.2 32.8
Mabanee Co. Kuwait 1.08 (3.6) 322.9 0.7
Comm. Facilities Co. Kuwait 0.30 (3.3) 0.1 (14.5)
Taiba Holding Co. Saudi Arabia 40.50 (3.1) 1,213.3 63.0
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)
Qatar Exchange Top Losers Close* 1D% Vol. ‘000 YTD%
United Development Co. 22.48 (6.3) 6,286.9 26.3
Dlala Brok. & Inv. Holding Co. 21.21 (5.3) 353.9 (31.8)
Qatar Meat & Livestock Co. 59.90 (4.0) 112.2 1.9
Al Ahli Bank 53.10 (2.4) 12.2 8.4
Al Khaleej Takaful Group 40.15 (2.1) 34.6 9.5
Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD%
United Development Co. 22.48 (6.3) 141,147.7 26.3
QNB Group 177.00 2.4 62,468.8 35.2
Industries Qatar 158.90 0.4 62,073.3 12.7
Doha Bank 50.70 1.5 37,541.3 9.4
Gulf International Services 47.85 0.9 29,252.0 59.5
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* 9,704.98 0.4 0.1 4.6 16.1 169.81 146,554.8 12.0 1.7 4.8
Dubai 2,588.53 0.9 2.8 16.5 59.5 204.77 64,568.5 16.1 1.0 3.1
Abu Dhabi 3,847.43 (0.9) (1.6) 8.3 46.2 90.62 111,032.8 11.4 1.4 4.5
Saudi Arabia 7,915.11 0.7 1.9 5.6 16.4 1,632.42 416,967.3 16.5 2.1 3.7
Kuwait 8,070.17 0.1 (0.3) 3.8 36.0 83.86 110,790.8 21.7 1.3 3.5
Oman 6,643.34 (0.4) (0.9) 4.8 15.3 28.84 23,077.2 11.3 1.7 4.1
Bahrain 1,194.90 0.2 0.5 0.6 12.1 0.73 21,342.8 8.6 0.8 4.1
Source: Bloomberg, Qatar Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
9,550
9,600
9,650
9,700
9,750
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00
2. Page 2 of 5
Qatar Market Commentary
The QE index rose 0.4% to close at 9,705.0. The Telecoms and
Insurance indices led the gains. The index rose on the back of
buying support from non-Qatari shareholders despite selling
pressure from Qatari shareholders.
Qatar General Ins. & Rein. Co. and Mannai Corp. were the top
gainers, rising 5.5% and 2.7% respectively. Among the top
losers, United Development Co. fell 6.3%, while Dlala Brok. &
Inv. Holding Co. declined 5.3%.
Volume of shares traded on Wednesday rose by 73.8% to
13.1mn from 7.5mn on Tuesday. Further, as compared to the 30-
day moving average of 5.5mn, volume for the day was 136.3%
higher. United Development Co. and Barwa Real Estate Co.
were the most active stocks, contributing 48.0% and 7.4% to the
total volume respectively.
Source: Qatar Exchange (* as a % of traded value)
Earnings and Global Economic Data
Earnings Releases
Company Market Currency
Revenue
(mn) 2Q2013
% Change
YoY
Operating Profit
(mn) 2Q2013
% Change
YoY
Net Profit (mn)
2Q2013
% Change
YoY
Emirates Refreshments Co.
(ERC)
Dubai AED 17.4 14.9% 0.5 -20.0% 0.3 -35.3%
Sharjah Cement & Industrial
Development Co. (SCIDC)
Abu Dhabi AED 154.7 -3.9% – – 9.0 -0.4%
Abu Dhabi National Energy
Co. (TAQA)
Abu Dhabi AED 5,863.0 -3.0% – – (172.0) N/A
National Corporation for
Tourism & Hotels (NCTH)
Abu Dhabi AED 173.8 32.7% – – 26.5 34.2%
Fujairah Building Industries
(FBI)
Abu Dhabi AED 67.2 6.4% – – 1.1 -22.8%
National Gas Co. (NGC)* Oman OMR 8.9 10.8% – – 0.5 -0.1%
Oman Investment & Finance
Co. (OIFC)
Oman OMR – – – – 1.7 208.2%
National Finance Co. (NFC)* Oman OMR – – – – 2.3 17.8%
Securities & Investment Co.
(SICO)
Bahrain BHD 0.3 24.1% – – 0.9 N/A
BMMI Group Bahrain BHD 25.6 10.1% 2.7 13.3% 2.7 9.9%
Bahrain Cinema Co.
(CINEMA)
Bahrain BHD – – 1.7 88.2% 2.3 179.3%
Source: Company data, DFM, ADX, MSM, Bahrain Bourse (*1H2013 Results)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
07/31 US MBA MBA Mortgage Applications 26-July -3.70% – -1.20%
07/31 US ADP ADP Employment Change July 200K 180K 198K
07/31 US Bureau of Labor Stat. Employment Cost Index 2Q2013 0.50% 0.40% 0.50%
07/31 US Bureau of Eco. Analysis GDP Annualized QoQ 2Q2013 1.70% 1.00% 1.10%
07/31 US Bureau of Eco. Analysis Personal Consumption 2Q2013 1.80% 1.60% 2.30%
07/31 US Bureau of Eco. Analysis GDP Price Index 2Q2013 0.70% 1.00% 1.30%
07/31 EU Eurostat Unemployment Rate June 12.10% 12.20% 12.10%
07/31 EU Eurostat CPI Estimate YoY July 1.60% 1.60% 1.60%
07/31 EU Eurostat CPI Core YoY July 1.10% 1.20% 1.20%
07/31 France INSEE PPI MoM June -0.30% -0.20% -1.20%
07/31 France INSEE PPI YoY June 0.10% 0.10% -0.10%
07/31 France INSEE Consumer Spending MoM June -0.80% 0.00% 0.70%
07/31 France INSEE Consumer Spending YoY June -0.50% 0.10% 0.70%
07/31 Germany Destasis Retail Sales MoM June -1.50% 0.20% 0.70%
07/31 Germany Destasis Retail Sales YoY June -2.80% 0.50% 0.80%
07/31 Germany Bundesbank Unemployment Change (000's) July -7K 0K -13K
07/31 Germany Bundesbank Unemployment Rate July 6.80% 6.80% 6.80%
07/31 UK BRC BRC Shop Price Index YoY July -0.50% – -0.20%
07/31 Spain INE Retail Sales WDA YoY June -5.00% -4.70% -4.40%
07/31 Spain INE Retail Sales YoY June -7.00% – -4.50%
07/31 Italy ISTAT PPI MoM June 0.40% 0.00% -0.10%
Overall Activity Buy %* Sell %* Net (QR)
Qatari 59.13% 67.57% (43,778,732.93)
Non-Qatari 40.87% 32.42% 43,778,732.93
3. Page 3 of 5
07/31 Italy ISTAT PPI YoY June -0.70% -1.10% -1.10%
07/31 Japan Markit/Nomura Markit/JMMA Manufacturing PMI July 50.7 – 52.3
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
QEWS 2Q2013 net profit expands by 117% QoQ – QEWS
reported a 2Q2013 bottom-line of QR436mn (+117% QoQ, 26%
YoY), 25% ahead of our estimate of QR347mn and 33% ahead
of a thin Bloomberg consensus of QR328mn (only one other
estimate at QR309mn). The company generated revenue of
QR784mn (+26% QoQ, +4% YoY), which was made of: (1)
QR441mn in electricity revenue (+45% QoQ, +4% YoY) vs. our
estimate of QR340mn; (2) QR293mn in water desalination sales
(+6% QoQ, +4% YoY) that came in line with our estimate; and
(3) QR50mn in lease income (+25% QoQ, -3% YoY) that was
slightly ahead of our modeled expectation. The uptick in power
sales caused quarterly EBITDA to improve to QR444mn (+58%
QoQ, +7% YoY). Share of profits from JVs (Q Power, Mesaieed
Power & RGPC) climbed to QR101mn (+64% QoQ, +10% YoY)
but was below our estimate of QR124mn. Finally, the company
reported a substantial uptick in realized gains in sales of AFS of
QR44mn, up 103% sequentially. The company suffered from
QR108mn in one-time charges in 1Q2013, mostly related to
plant maintenance/outages. While we were expecting some
lingering impact of major maintenance work at RLPC, this was
not the case. As a result, we are likely to increase our full-year
estimates upward in the near-term once we meet management.
Our price target of QR174.72 also remains subject to an upward
reversion but we maintain our Accumulate rating. We continue
to remain bullish longer term on QEWS. The company is Qatar’s
leading listed electricity/desalinated water producer and
possesses a low-risk business model (minimal demand/cost
risk), with secure and visible earnings and cash flows. (QNBFS
Research, QEWS)
QOIS’ net profit declines 70.1% QoQ in 2Q2013 – Qatar
Oman Investment Company (QOIS) has reported a net profit of
QR3.0mn in 2Q2013, indicating a QoQ decline of 70.1% (-
14.4% YoY). However, net profit was up 2.9% YoY to
QR13.1mn in 1H2013. EPS stood at QR0.416 in 1H2013 as
compared to QR0.404 in 1H2012. Investment & interest income
fell by 65.8% QoQ (-11.2% YoY) to QR4.1mn in 2Q2013, while it
was up 5.1% YoY to QR16.0mn in 1H2013. (QE)
MRDS net profit jumps in 2Q2013 – Mazaya Qatar Real
Estate Development (MRDS) has reported a net profit of
QR8.4mn in 2Q2013, indicating a QoQ increase of 324.4%. Net
profit jumped 53.5% YoY to QR10.3mn in 1H2013. EPS stood at
QR0.103 in 1H2013 as compared to QR0.067 in 1H2012.
MRDS’ rental income in 2Q2013 increased by 1.3% QoQ
(+195.2% YoY) to QR9.6mn, while it surged 193.2% YoY to
QR19.1mn in 1H2013. (QE)
QMLS’ net profit falls 43.3% QoQ in 2Q2013 – Widam Food
Company (QMLS) has reported a net profit of QR11.7mn in
2Q2013, reflecting a QoQ decline of 43.3% (-45.0% YoY). Net
profit fell by 22.2% YoY to QR32.4mn in 1H2013. EPS stood at
QR1.80 in 1H2013 as compared to QR2.32 in 1H2012. Sales
declined 4.8% QoQ (+1.1% YoY) to QR74.6mn in 2Q2013. On
the other hand, sales including government subsidy dropped by
10.9% QoQ (-15.2% YoY). (QE)
QNCD reports QR235.6mn net profit in 1H2013 – Qatar
National Cement Company (QNCD) has reported a net profit of
QR235.6mn in 1H2013 as compared to QR225.3mn in 1H2012.
EPS stood at QR4.80 as of June 30, 2013 versus QR4.59 as of
June 30, 2012. (QE)
QGMD reports net profit of QR0.8mn in 2Q2013 – Qatari
German Company for Medical Devices (QGMD) has reported a
net profit of QR0.8mn in 2Q2013 as compared to a net loss of
QR2.9mn in 1Q2013. Net loss narrowed by 37.4% YoY to
QR2.1mn in 1H2013 from QR3.4mn in 1H2012. Loss per share
stood at QR0.19 in 1H2013 as compared to QR0.30 in 1H2012.
The company’s revenue increased by 81.6% QoQ (-19.2% YoY)
to QR3.3mn in 2Q2013, while it was down 10.9% YoY to
QR5.1mn in 1H2013. (QE)
ORDS launches Business Fibre Broadband Service in Qatar
– Ooredoo (ORDS) has launched its new Business Fibre
Broadband Service to provide SMEs with the country’s fastest
and most reliable internet connection. ORDS said its existing
business customers would be able to enjoy ultrafast broadband
speeds that are up to 5 to 10 times faster than the existing
copper wire connection, at no extra charge. (Gulf-Times.com)
Qatar Airways, Gulf Air plan Saudi domestic debut in 3
months – Saudi Arabia’s General Authority of Civil Aviation’s
President Prince Fahd Bin Abdullah said Qatar Airways and Gulf
Air are planning to launch their 20-plane Saudi fleet in the next
three months. In 2012, Qatar Airways and Gulf Air were
awarded licenses to operate domestic, international flights in
Saudi Arabia. (Bloomberg)
First solar system installed in Msheireb Downtown Doha –
Msheireb Properties has announced the installation of the first
photovoltaic solar panels in the first phase of the QR20bn
Msheireb Downtown Doha project by Innovations Unlimited ME.
The roof-mounted photovoltaic modules will supply a portion of
the electricity needs for the buildings in the Phase 1 of the
project development. (AME Info)
International
Fed stays on track with bond buying – The US Federal
Reserve said the US economy continues to recover but is still in
need of support, offering no indication about its plan to reduce
its bond-buying stimulus program at its next meeting in
September. The central bank said it would continue buying
$85bn in mortgage and Treasury securities every month in an
effort to strengthen an economy that it said was still challenged
by federal budget-tightening. (Reuters)
IMF: Cyprus on track to meet bailout terms – International
lenders gave an upbeat assessment about the progress made
by Cyprus in meeting the conditions of a financial aid program,
but said it was tempered by an uncertain economic outlook. The
troika of lenders from the EU, the ECB and the IMF wrapped up
their first assessment visit to Cyprus since it agreed for a €10bn
bailout package in March 2013. (Reuters)
China HSBC PMI falls to 11-month low in July – China's
factory activity shrank for a third straight month in July to its
lowest level in nearly a year as new orders fell, signaling the
persistent pressure on the economy has extended into the third
quarter. The HSBC Purchasing Managers' Index (PMI) fell to
47.7 in July from June's 48.2. It was the weakest reading since
August 2012, which matched a preliminary figure published last
week. (Reuters)
OPEC’s July output falls as Libya production tumbles –
According to a Bloomberg survey, the crude oil output of the
Organization of Petroleum Exporting Countries (OPEC) dropped
for a second month in July, led by the biggest plunge in Libyan
4. Page 4 of 5
production since the 2011 civil war. The survey showed that
output in the OPEC slipped 245,000 barrels, or 0.8%, to an
average 30.662mn barrels a day in July from a revised
30.907mn bpd in June. June’s total was revised higher by
210,000 bpd because of changes in Nigerian and Kuwaiti
production estimates. The survey also showed that Libyan
output had tumbled 330,000 barrels to 800,000 bpd in July,
which was the fourth straight decline, reducing production to the
lowest level since December 2011. However, the Saudi Arabian
output had climbed 180,000 barrels to 9.65mn bpd in July, the
highest level since November. (Bloomberg)
IATA: Air freight volumes show signs of improvement in
June – According to the data released by the International Air
Transport Association (IATA), there was a 1.2% YoY expansion
in global air freight demand in June 2013. From May to June,
global freight volumes increased by 0.8%. A quarter of that
improvement was from European airlines, which saw a 0.9%
improvement in demand as compared to May and 2.6% YoY. In
contrast, Asia-Pacific carriers and North American airlines
recorded YoY declines of 1.8% and 1.2% respectively.
Meanwhile, Middle Eastern airlines saw a continued robust
demand with freight volumes growing by 12.7% YoY, consistent
with the high growth seen in recent years. As the Middle East
region’s carriers take advantage of their geographical position,
there has been a substantial increase in their share of world air
freight. (AME Info)
Regional
Saudi banks inject SR1.14bn to Kafala-supported SME
projects – Kafala Program Chairman Osama bin Abdulrahman
Al-Mubarak said the volume of financing provided by the
participating banks in the Kafala Program stood at SR1.14bn
during 1H2013, representing an increase of 29% YoY. He also
said the Kafala Program issued 1,198 guarantees worth
SR635.3mn for SMEs in 1H2013, indicating an increase of 43%
YoY. Kafala Program is a joint effort of the Ministry of Finance,
represented by the Saudi Industrial Development Fund and
various Saudi banks. The program aims to promote financing for
the SME sector in the Kingdom. (GulfBase.com)
Sahara and Sipchem agree to discuss potential merger –
Sahara Petrochemical has entered into a non-binding
agreement with Sipchem for potential merger. This follows the
announcement made by Sahara on June 4, 2013, regarding the
initial understanding reached with Sipchem to jointly consider
the economic & technical feasibility of a merger between the two
companies. The time schedule for the merger feasibility study is
five months. (Bloomberg)
Bahri scraps its Saudi Hofuf general cargo vessel – The
National Shipping Company of Saudi Arabia (Bahri) has sold its
general cargo vessel, “Saudi Hofuf” for a sum of SR28.3mn for
scrapping after completing its useful life. The sale generated a
net gain of SR17.6mn after deducting the vessel’s book value
and all expenses associated with the sale. The financial impact
of this transaction will be reflected in the 3Q2013 results.
(Tadawul)
Robust growth in Dubai real estate investments in 1H2013 –
The Government of Dubai’s Land Department said foreign and
Arab investments in the Dubai real estate market recorded a
significant upswing in 1H2013. The value of transactions
reached AED53bn in 1H2013 on the back of mounting investor
confidence spurred by attractive market environment, sustained
economic stability and diversification. The department also said
that foreign investors accounted for more than 60% of the new
investments at AED32bn, registering a rise of 73% YoY in
1H2013. The department stated that it is studying 158 projects
that could be revived through its real estate initiatives.
(GulfBase.com, Bloomberg)
Dubai records 5.5mn visitors in 1H2013 – According to the
data released by the Dubai’s Department of Tourism &
Commerce Marketing (DTCM), around 5.5mn tourists visited
Dubai in 1H2013, representing an 11.1% YoY increase. The
data showed that guest numbers across all hotel establishments
reached 5.6mn, indicating YoY increase of 11.1%. The data also
showed that Dubai’s top 10 tourism source markets remained
the same as those for 1H2012, with slight changes in their
positioning, and reflected the diversity of its visitors. Saudi
Arabia, India, UK, US, Russia, Germany, Kuwait, Oman, China
and Iran made up the top ten markets for January to June 2013.
(AME Info)
DP World’s throughput declines in 1H2013 on Europe, Asia
– DP World Ltd said its throughput declined amid slower
container traffic in Europe and the Asia Pacific region in
1H2013. DP World said volumes fell 5.8% to 26.6mn twenty-foot
equivalent units (TEU) across its group of container terminals
because of challenging market conditions. Similarly, like-for-like
container volumes fell 2.1%, when adjusted for changes across
the company portfolio. DP World’s Group Chief Executive
Mohammed Sharaf said the company maintains its expectations
of like-for-like container throughput in line with 2012, with its
portfolio positioned toward the faster growing emerging markets.
(Bloomberg)
Abraaj Group sells stake in Ghana-based HFC Bank –
Dubai-based private equity firm Abraaj Group has sold its stake
in HFC Bank in Ghana to an independent Caribbean bank,
Republic Bank Ltd. Abraaj had acquired an initial stake in 2010
and had further increased its stake in 2012. (Reuters)
DMC signs long-term deal with Mubarak Marine – Dubai
Maritime City (DMC) has signed a long-term partnership
agreement with Mubarak Marine to develop an industrial
complex project worth AED130mn for providing shipbuilding,
repair and other maritime services. This complex will enable
Mubarak Marine to establish its headquarters as well as a major
marine workshop and maintenance facilities. (AME Info)
OGC announces record delivery of natural gas – Oman Gas
Company (OGC) has announced achieving a new record in
natural gas delivery on June 17, 2013, with 50.3mn standard
cubic meters delivered in a single day compared with an
average of 49.9mn standard cubic meters daily rate delivered in
2012, an increase of 0.8%. (AME Info)
Al Hassan wins $13mn Abu Dhabi order – Oman-based Al
Hassan Engineering Company’s Abu Dhabi joint venture has
been awarded a contract worth $13mn by Petrofac Emirates.
The contract covers onshore civil, structural, piping, M&E and
cathodic protection of pipelines at three islands of the Satah Al
Razboot Field Development Project being undertaken by
Petrofac in Abu Dhabi. The work is expected to be completed by
August 2014 and the company expects reasonable income from
this project. (MSM)
GHG finalizes land purchase deal for 5-star hotel – Gulf
Hotels Group (GHG) has successfully closed a deal for the
purchase of a plot of land in the Business Bay area in Dubai.
The group intends to develop a deluxe 5-star hotel on the
purchased land. (Bahrain Bourse)
5. 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
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. While this publication has been prepared with the utmost degree of care by our analysts,
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. 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.
COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS.
Page 5 of 5
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg
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
QEIndex S&PPan Arab S&PGCC
0.7%
0.4%
0.1%
0.2%
(0.4%)
(0.9%)
0.9%
(1.2%)
(0.6%)
0.0%
0.6%
1.2%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD%
Gold/Ounce 1,325.25 (0.1) (0.6) (20.9) DJ Industrial 15,499.54 (0.1) (0.4) 18.3
Silver/Ounce 19.85 0.6 (0.8) (34.6) S&P 500 1,685.73 (0.0) (0.3) 18.2
Crude Oil (Brent)/Barrel 109.36 0.0 0.0 (3.1) NASDAQ 100 3,626.37 0.3 0.4 20.1
Natural Gas (Henry
Hub)/MMBtu
3.45 (1.1) (4.2) 0.3 STOXX 600 299.58 0.1 0.2 7.1
LPG Propane (Arab Gulf)/Ton 810.00 0.0 0.0 (16.4) DAX 8,275.97 0.1 0.4 8.7
LPG Butane (Arab Gulf)/Ton 807.00 0.0 0.0 (16.7) FTSE 100 6,621.06 0.8 1.0 12.3
Euro 1.33 0.3 0.2 0.8 CAC 40 3,992.69 0.2 0.6 9.7
Yen 97.88 (0.2) (0.3) 12.8 Nikkei 13,668.32 (1.5) (3.3) 31.5
GBP 1.52 (0.2) (1.1) (6.4) MSCI EM 947.55 (0.6) (1.5) (10.2)
CHF 1.08 0.4 0.2 (1.2) SHANGHAI SE Composite 1,993.80 0.2 (0.8) (12.1)
AUD 0.90 (0.9) (3.0) (13.6) HANG SENG 21,883.66 (0.3) (0.4) (3.4)
USD Index 81.45 (0.5) (0.3) 2.1 BSE SENSEX 19,345.70 (0.0) (2.0) (0.4)
RUB 33.00 0.1 0.6 8.1 Bovespa 48,234.49 (0.7) (2.4) (20.9)
BRL 0.44 0.2 (0.9) (9.9) RTS 1,313.38 (1.0) (2.6) (14.0)
139.5
124.1
112.7