The QE index in Qatar declined 0.2% led by losses in the transportation and telecom indices. Qatar Gas Transport and Qatar Electricity & Water were the top losers. In other GCC markets, indices declined in Saudi Arabia by 0.3%, Dubai by 1.3%, and Abu Dhabi by 0.5%. Volume on the Qatar exchange rose 20.4% but remained below the 30-day average. International news discussed the US debt ceiling deadline and IMF warnings on exiting unconventional monetary policies.
The QSE Index rose 1.3% led by gains in the Telecom and Insurance indices. Islamic Holding Group and Medicare Group were the top gainers rising 10% and 9.9% respectively. Qatar First Bank fell 1.5%. Trading volume rose 102.6% but was 15.5% lower than the 30-day average. In regional markets, most indices rose except for Dubai and Kuwait which fell slightly. Earnings were reported from several companies including Damac Properties and Air Arabia. News included QSE suspending DHBK trading for its AGM and ABQK planning a $250 million loan.
The QE index in Qatar declined 0.5% led by losses in the transportation and telecom sectors. Qatar Navigation and Gulf Warehousing Co. were the top losers. In other markets, indexes in Dubai and Abu Dhabi rose while indexes in Kuwait and Oman declined marginally. Trading activity on the Qatar exchange fell significantly compared to the previous day and 30-day average.
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 QE Index in Qatar rose 0.3% led by gains in the Telecom and Banks indices. QNB Group and Qatar General Insurance rose the most, while Al Meera fell. Trading volume rose 72.8% but was below the 30-day average. In other markets, Saudi fell 0.6% while Abu Dhabi rose marginally and Kuwait rose 0.3%. Regionally, volume was highest in Saudi Arabia.
The QSE Index declined 0.5% led by losses in the Telecom and Insurance indices. Ooredoo and Qatar Oman Investment Co. were the top losers. Regional indices also declined, with Saudi Arabia down 2.8% and Abu Dhabi down 2%. News mentioned credit to Qatar's private sector increasing QR14.2bn and Ooredoo Kuwait appointing a new CFO. Vodafone Qatar also completed an upgrade of network sites in Al Wakrah and Al Wukair.
QNBFS Daily Market Report August 16, 2018QNB Group
The QSE Index declined 0.5% led by losses in the Real Estate and Telecom indices. Ezdan Holding Group and Masraf Al Rayan were the top losers, falling 6.4% and 2.0% respectively. Trading volume fell 19.3% compared to the previous day. Regionally, indices were mixed with Abu Dhabi up 1.2% while Dubai fell 0.8%. Company earnings news and global economic indicators were also included in the document.
The QE Index rose 0.6% to close at 10,381.3. Gains were led by the Banks & Financial Services and Transportation indices, gaining 1.0% and 0.8%, respectively.
The QSE Index fell 0.3% led by losses in the Insurance and Real Estate indices. National Leasing and Qatar German Co for Medical Devices were the top losers. The volume of shares traded fell by 2.8% compared to the previous day. Regionally, indices declined in most Gulf markets except for Saudi Arabia, which fell 0.8%. Earnings news included a 35.8% drop in net profit for Ezdan Holding Group and financial results announcements from companies trading in Saudi Arabia, Abu Dhabi, Kuwait and Oman. Qatar news mentioned a deal between Qatar Development Bank and The Commercial Bank to support SMEs and a tripling of property deal values in Qatar over five years.
The QSE Index rose 1.3% led by gains in the Telecom and Insurance indices. Islamic Holding Group and Medicare Group were the top gainers rising 10% and 9.9% respectively. Qatar First Bank fell 1.5%. Trading volume rose 102.6% but was 15.5% lower than the 30-day average. In regional markets, most indices rose except for Dubai and Kuwait which fell slightly. Earnings were reported from several companies including Damac Properties and Air Arabia. News included QSE suspending DHBK trading for its AGM and ABQK planning a $250 million loan.
The QE index in Qatar declined 0.5% led by losses in the transportation and telecom sectors. Qatar Navigation and Gulf Warehousing Co. were the top losers. In other markets, indexes in Dubai and Abu Dhabi rose while indexes in Kuwait and Oman declined marginally. Trading activity on the Qatar exchange fell significantly compared to the previous day and 30-day average.
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 QE Index in Qatar rose 0.3% led by gains in the Telecom and Banks indices. QNB Group and Qatar General Insurance rose the most, while Al Meera fell. Trading volume rose 72.8% but was below the 30-day average. In other markets, Saudi fell 0.6% while Abu Dhabi rose marginally and Kuwait rose 0.3%. Regionally, volume was highest in Saudi Arabia.
The QSE Index declined 0.5% led by losses in the Telecom and Insurance indices. Ooredoo and Qatar Oman Investment Co. were the top losers. Regional indices also declined, with Saudi Arabia down 2.8% and Abu Dhabi down 2%. News mentioned credit to Qatar's private sector increasing QR14.2bn and Ooredoo Kuwait appointing a new CFO. Vodafone Qatar also completed an upgrade of network sites in Al Wakrah and Al Wukair.
QNBFS Daily Market Report August 16, 2018QNB Group
The QSE Index declined 0.5% led by losses in the Real Estate and Telecom indices. Ezdan Holding Group and Masraf Al Rayan were the top losers, falling 6.4% and 2.0% respectively. Trading volume fell 19.3% compared to the previous day. Regionally, indices were mixed with Abu Dhabi up 1.2% while Dubai fell 0.8%. Company earnings news and global economic indicators were also included in the document.
The QE Index rose 0.6% to close at 10,381.3. Gains were led by the Banks & Financial Services and Transportation indices, gaining 1.0% and 0.8%, respectively.
The QSE Index fell 0.3% led by losses in the Insurance and Real Estate indices. National Leasing and Qatar German Co for Medical Devices were the top losers. The volume of shares traded fell by 2.8% compared to the previous day. Regionally, indices declined in most Gulf markets except for Saudi Arabia, which fell 0.8%. Earnings news included a 35.8% drop in net profit for Ezdan Holding Group and financial results announcements from companies trading in Saudi Arabia, Abu Dhabi, Kuwait and Oman. Qatar news mentioned a deal between Qatar Development Bank and The Commercial Bank to support SMEs and a tripling of property deal values in Qatar over five years.
- The QSE Index declined 0.6% led by declines in the Real Estate and Telecom indices. Mannai Corporation and Qatar Islamic Insurance Company fell 3.7% each.
- Saudi Arabia's TASI index rose 1.3% led by gains in the Energy and Materials indices. Dubai's DFM index fell 0.3% with declines in the Services and Real Estate indices.
- Ezdan Holding Group announced it will hold its EGM on July 23, with an alternate date of August 15 if quorum is not reached.
The QSE Index rose marginally to close at 13,729.8 led by gains in the Real Estate and Insurance indices. Qatar National Cement Co. and Doha Insurance Co. were the top gainers rising 2.7% and 2.1% respectively. Zad Holding Co. fell 1.8% and was among the top losers. Regional indices were mixed with Dubai and Abu Dhabi rising while Saudi Arabia, Kuwait, Bahrain declined and Oman rose.
The QSE Index rose 0.3% led by gains in the Consumer Goods & Services and Insurance indices. National Leasing and Mazaya Qatar Real Estate Development were the top gainers rising 10.0% and 9.9% respectively. Regional indices were mixed with Saudi Arabia falling 0.5% while Kuwait gained 0.6%. Ezdan Holding Group plans to raise $2bn Sukuk to finance real estate mega projects.
The QE index in Qatar declined 2.4% led by losses in the Banking & Financial Services and Telecoms indices. Top losers were Qatar Islamic Bank falling 7.6% and Qatar National Cement down 4.7%. Elsewhere in the GCC, markets were mixed with Saudi Arabia and Kuwait falling slightly while Oman rose 0.6%. Global economic data was mixed with Eurozone CPI estimates coming in below expectations.
QNBFS Daily Market Report September 13, 2021QNB Group
The QE Index declined 0.2% to close at 11,078.6. Losses were led by the Telecoms and Banks & Financial Services indices, falling 0.5% and 0.4%, respectively.
The QE index in Qatar rose 0.3% led by gains in the telecom and banking indices. Ooredoo and Masraf Al Rayan were the top gainers rising 2.4% and 2.3% respectively, while Qatar Fuel Co fell 4.3%. Regional indices were mixed with Abu Dhabi up 2.5% and Dubai up 1.9% while Kuwait fell 0.9%. Qatar announced allowing foreign ownership of listed companies to rise to 49% subject to amendments in company statutes.
The QE Index declined 0.2% to close at 9,957.0. Losses were led by the Real Estate and Banks & Financial Services indices, falling 4.1% and 0.9%, respectively.
QNBFS Daily Market Report September 16, 2021QNB Group
The QE Index in Qatar declined 0.2% due to losses in the transportation and real estate indices. Investment Holding Group and Ahli Bank were the top losers. Mesaieed Petrochemical gained 2.5% while Baladna rose 2.2%. Trading volume fell 25.5% but was higher than the 30-day average. Regional indices were mixed with Saudi and Abu Dhabi rising while Kuwait and Oman fell. Several Qatari banks are in discussions to launch Apple Pay following launches by QNB Group and Dukhan Bank amid growing customer demand for mobile payment services.
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.
The QE index in Qatar rose 1.5% led by gains in the real estate and insurance indices. Mannai Corp. and Qatar & Oman Investment Co. were the top gainers rising 10% each. Regional indices were mixed with Dubai and Abu Dhabi rising while Saudi Arabia and Oman fell. Earnings reports from companies in Saudi Arabia, Dubai and Oman showed mixed revenue and profit results. US economic indicators were slightly higher than forecasts.
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 QE index in Qatar declined 0.3% led by losses in the transportation and real estate indices. Top losers were Al Khaleej Takaful Group and Qatar International Islamic Bank, falling 3.4% and 3.2% respectively. Indices in other GCC markets were mixed with Saudi Arabia and Oman rising while Kuwait and Bahrain fell. Trading activity on the Qatar Exchange increased compared to the previous day and 30-day average.
- The QE index in Qatar declined 0.5% due to losses in the telecom and industrial indices. Ezdan Holding Group and Qatari Investors Group were the top losers.
- Volume of shares traded fell 3.2% but was higher than the 30-day moving average.
- CBQK's 2Q2014 profit missed estimates due to higher-than-expected provisions, though core banking income was healthy with net interest income up 5.1% quarter-over-quarter.
The QSE Index in Qatar gained 0.2% driven by gains in the Transportation and Telecom indices. Qatar Islamic Bank and Gulf Warehousing Co. were the top gainers. Regional markets were mixed with Saudi Arabia and Kuwait up while Dubai declined marginally. Earnings reports from companies in Saudi Arabia, UAE, Oman and Bahrain were also included in the daily market commentary report.
The QSE Index declined 0.9% led by losses in the Industrials and Insurance indices. Ahli Bank and Qatar Cinema & Film Distribution Co. were the top losers. The Saudi TASI index rose 0.3% while indexes in Dubai and Bahrain declined. Regional news included DHBK joining a QDB SME financing program, Qatar and UAE offering strong business environments, and Qatar Airways adding more flights to Manila.
The QSE Index in Qatar declined 0.5% led by losses in the Telecom and Insurance indices. Top losers were Qatar Cinema & Film Distribution Co. and Qatar Islamic Insurance Co. falling 4.2% and 3.0% respectively. Other indexes in the region were mixed with Saudi Arabia and Kuwait rising while Abu Dhabi and Oman fell. Japan's exports rose 7.5% in April for the fifth straight month led by semiconductors and steel, though its trade surplus with the US narrowed.
The QE Index declined 1.3% to close at 10,090.0. Losses were led by the Banks & Financial Services and Consumer Goods & Services indices, falling 2.3% each. Top losers were Qatar General Insurance & Reinsurance Co. and Qatar Fuel Company, falling 8.9% and 4%, respectively.
The QE index in Qatar rose 0.8% led by gains in the Transportation and Banking & Financial Services indices. Qatari Investors Group and Gulf International Services were the top gainers rising 3.6% and 3.1% respectively, while Qatar Industrial Manufacturing Co. fell 2.3%. Regional indices were mixed with Abu Dhabi and Oman rising while Saudi Arabia fell. Volume on the QE exchange rose 12.6% from the previous day.
- The QSE Index declined 0.6% led by declines in the Real Estate and Telecom indices. Mannai Corporation and Qatar Islamic Insurance Company fell 3.7% each.
- Saudi Arabia's TASI index rose 1.3% led by gains in the Energy and Materials indices. Dubai's DFM index fell 0.3% with declines in the Services and Real Estate indices.
- Ezdan Holding Group announced it will hold its EGM on July 23, with an alternate date of August 15 if quorum is not reached.
The QSE Index rose marginally to close at 13,729.8 led by gains in the Real Estate and Insurance indices. Qatar National Cement Co. and Doha Insurance Co. were the top gainers rising 2.7% and 2.1% respectively. Zad Holding Co. fell 1.8% and was among the top losers. Regional indices were mixed with Dubai and Abu Dhabi rising while Saudi Arabia, Kuwait, Bahrain declined and Oman rose.
The QSE Index rose 0.3% led by gains in the Consumer Goods & Services and Insurance indices. National Leasing and Mazaya Qatar Real Estate Development were the top gainers rising 10.0% and 9.9% respectively. Regional indices were mixed with Saudi Arabia falling 0.5% while Kuwait gained 0.6%. Ezdan Holding Group plans to raise $2bn Sukuk to finance real estate mega projects.
The QE index in Qatar declined 2.4% led by losses in the Banking & Financial Services and Telecoms indices. Top losers were Qatar Islamic Bank falling 7.6% and Qatar National Cement down 4.7%. Elsewhere in the GCC, markets were mixed with Saudi Arabia and Kuwait falling slightly while Oman rose 0.6%. Global economic data was mixed with Eurozone CPI estimates coming in below expectations.
QNBFS Daily Market Report September 13, 2021QNB Group
The QE Index declined 0.2% to close at 11,078.6. Losses were led by the Telecoms and Banks & Financial Services indices, falling 0.5% and 0.4%, respectively.
The QE index in Qatar rose 0.3% led by gains in the telecom and banking indices. Ooredoo and Masraf Al Rayan were the top gainers rising 2.4% and 2.3% respectively, while Qatar Fuel Co fell 4.3%. Regional indices were mixed with Abu Dhabi up 2.5% and Dubai up 1.9% while Kuwait fell 0.9%. Qatar announced allowing foreign ownership of listed companies to rise to 49% subject to amendments in company statutes.
The QE Index declined 0.2% to close at 9,957.0. Losses were led by the Real Estate and Banks & Financial Services indices, falling 4.1% and 0.9%, respectively.
QNBFS Daily Market Report September 16, 2021QNB Group
The QE Index in Qatar declined 0.2% due to losses in the transportation and real estate indices. Investment Holding Group and Ahli Bank were the top losers. Mesaieed Petrochemical gained 2.5% while Baladna rose 2.2%. Trading volume fell 25.5% but was higher than the 30-day average. Regional indices were mixed with Saudi and Abu Dhabi rising while Kuwait and Oman fell. Several Qatari banks are in discussions to launch Apple Pay following launches by QNB Group and Dukhan Bank amid growing customer demand for mobile payment services.
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.
The QE index in Qatar rose 1.5% led by gains in the real estate and insurance indices. Mannai Corp. and Qatar & Oman Investment Co. were the top gainers rising 10% each. Regional indices were mixed with Dubai and Abu Dhabi rising while Saudi Arabia and Oman fell. Earnings reports from companies in Saudi Arabia, Dubai and Oman showed mixed revenue and profit results. US economic indicators were slightly higher than forecasts.
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 QE index in Qatar declined 0.3% led by losses in the transportation and real estate indices. Top losers were Al Khaleej Takaful Group and Qatar International Islamic Bank, falling 3.4% and 3.2% respectively. Indices in other GCC markets were mixed with Saudi Arabia and Oman rising while Kuwait and Bahrain fell. Trading activity on the Qatar Exchange increased compared to the previous day and 30-day average.
- The QE index in Qatar declined 0.5% due to losses in the telecom and industrial indices. Ezdan Holding Group and Qatari Investors Group were the top losers.
- Volume of shares traded fell 3.2% but was higher than the 30-day moving average.
- CBQK's 2Q2014 profit missed estimates due to higher-than-expected provisions, though core banking income was healthy with net interest income up 5.1% quarter-over-quarter.
The QSE Index in Qatar gained 0.2% driven by gains in the Transportation and Telecom indices. Qatar Islamic Bank and Gulf Warehousing Co. were the top gainers. Regional markets were mixed with Saudi Arabia and Kuwait up while Dubai declined marginally. Earnings reports from companies in Saudi Arabia, UAE, Oman and Bahrain were also included in the daily market commentary report.
The QSE Index declined 0.9% led by losses in the Industrials and Insurance indices. Ahli Bank and Qatar Cinema & Film Distribution Co. were the top losers. The Saudi TASI index rose 0.3% while indexes in Dubai and Bahrain declined. Regional news included DHBK joining a QDB SME financing program, Qatar and UAE offering strong business environments, and Qatar Airways adding more flights to Manila.
The QSE Index in Qatar declined 0.5% led by losses in the Telecom and Insurance indices. Top losers were Qatar Cinema & Film Distribution Co. and Qatar Islamic Insurance Co. falling 4.2% and 3.0% respectively. Other indexes in the region were mixed with Saudi Arabia and Kuwait rising while Abu Dhabi and Oman fell. Japan's exports rose 7.5% in April for the fifth straight month led by semiconductors and steel, though its trade surplus with the US narrowed.
The QE Index declined 1.3% to close at 10,090.0. Losses were led by the Banks & Financial Services and Consumer Goods & Services indices, falling 2.3% each. Top losers were Qatar General Insurance & Reinsurance Co. and Qatar Fuel Company, falling 8.9% and 4%, respectively.
The QE index in Qatar rose 0.8% led by gains in the Transportation and Banking & Financial Services indices. Qatari Investors Group and Gulf International Services were the top gainers rising 3.6% and 3.1% respectively, while Qatar Industrial Manufacturing Co. fell 2.3%. Regional indices were mixed with Abu Dhabi and Oman rising while Saudi Arabia fell. Volume on the QE exchange rose 12.6% from the previous day.
QNBFS Daily Market Report September 14, 2022QNB Group
The QE Index rose 0.9% to close at 13,315.0. Gains were led by the Banks & Financial Services and Insurance indices, gaining 2.2% and 1.2%, respectively.
The QE Index rose 0.4% to close at 12,799.6. Gains were led by the Telecoms and Banks & Financial Services indices, gaining 0.8% and 0.6%, 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 QSE Index in Qatar declined 0.2% due to losses in the Banks & Financial Services and Transportation indices. Gulf Warehousing Co. and Gulf International Services were the top losers, falling 3.1% and 2.6% respectively, while Islamic Holding Group rose 9.9% and Qatar General Insurance and Reinsurance Co. rose 6.2%. Trading volume on the QSE rose by 21.6% compared to the previous day.
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 QE Index declined 0.3% to close at 10,708.4. Losses were led by the Telecoms and Industrials indices, falling 0.6% each. Top losers were Qatar General Insurance & Reinsurance Co.
The QE Index in Qatar declined 2.9% led by losses in the real estate and consumer goods indices. Top losers were Salam International Investment and Mazaya Qatar Real Estate Development. Regional indices also fell, with Saudi Arabia down 3.6% and Dubai down 4.9%. Trading volumes in Qatar rose 47.0% with Ezdan Holding and Vodafone Qatar being the most active. QNB commented that Qatar's economy remains safe from deflation despite global economic risks.
QNBFS Daily Market Report January 26, 2021QNB Group
The QE Index in Qatar declined 0.3% led by losses in the Transportation and Telecoms indices. INMA Holding and Dlala Brokerage were the top losers falling 3.6% and 3.2% respectively. Al Khaleej Takaful Insurance rose 3.6% and Baladna rose 3%. Trading volume fell 15.9% compared to the previous day. In company news, QFLS announced its AGM will be held on March 8th, MERS will disclose annual results on February 23rd, and BRES will disclose annual results on February 8th. IHGS reported a 74.3% rise in annual net profit but a 42.1% quarterly
The QE Index in Qatar declined slightly, led by losses in the telecom and real estate sectors. Top losers were Mannai Corporation and Alijarah Holding. Regional markets were mixed, with Saudi Arabia and Oman gaining slightly while Bahrain declined marginally. Earnings reports from companies in Qatar, Saudi Arabia, and Oman were reported, with some beating estimates and others missing targets. Trading activity in Qatar fell compared to the previous day and 30-day average.
The document provides an intra-day market commentary and summary of stock market activity in Qatar, GCC countries, and regional indices. It notes that the QE Index in Qatar declined 0.9% led by losses in the insurance and real estate sectors. Top losers were Qatar Insurance Company and Doha Bank. Other GCC markets had mixed performance with Saudi Arabia and Kuwait gaining while Dubai and Oman fell. It provides details on volume leaders, top gainers and losers, and other market indicators.
The QE Index declined 0.2% to close at 13,590.8. Losses were led by the Real Estate and Transportation indices, falling 0.6% and 0.4%, respectively. Top losers were Masraf Al Rayan and Mannai Corporation, falling 5.2% and 4.8%, respectively.
The QSE Index rose 0.5% led by gains in the Banks & Financial Services and Telecoms indices. National Leasing and Widam Food Co. were the top gainers rising 3.3% and 2.3% respectively, while Mannai Corp fell 3.5%. Regional indices were mixed with Abu Dhabi rising 0.4% and Oman up 0.2% while Saudi Arabia fell 0.1%, Dubai declined 0.3% and Kuwait dropped 0.6%. Earnings reports from Saudi companies showed revenue declines and mixed profit results. Global PMIs were mixed with improvements in the US and declines in the UK and Eurozone.
QNBFS Daily Market Report August 18, 2021QNB Group
The QE Index in Qatar rose 0.3% driven by gains in the Banks & Financial Services and Transportation indices. Aamal Company and Baladna were the top gainers rising 1.7% and 1.5% respectively, while Salam International Inv. Ltd fell 2.3% and Investment Holding Group fell 2.2%. Regional indices in Saudi Arabia, Dubai, and Abu Dhabi also rose between 0.4-0.9%. Volume on the QSE rose by 7.9% compared to the previous day. QNB brought Apple Pay to its customers in Qatar, allowing more secure contactless payments.
The QE Index in Qatar declined 0.8% led by losses in the Transportation and Industrials indices. Baladna and Qatar Navigation were the top losers falling 7.0% and 3.1% respectively. Mannai Corporation was up 10.0% and Ahli Bank was up 9.1%. Trading volume on the QSE fell 53.6% compared to the previous day. Earnings releases are expected on April 6th from ERES and on March 24th from MRDS. Ooredoo, Mastercard and QNB launched virtual and contactless prepaid cards in Qatar in line with the Qatar National Vision 2030. Coface expects Qatar's economy to rebound in 2021, driven by
The document summarizes stock market activity in Qatar and other GCC countries on May 11th. It notes that the Qatari stock market index declined slightly, with losses in the industrial and transportation sectors. Two of the top losing stocks were Qatar German Co. for Medical Devices and Qatar General Insurance & Reins. It also provides summaries of stock market performance and notable gaining and losing stocks in other GCC countries such as Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain. The document includes other sections with company earnings results, economic indicators, and news briefs related to Qatari companies and markets.
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.
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
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.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
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 5
QE Intra-Day Movement
Qatar Commentary
The QE index declined 0.2% to close at 9,716.4. Losses were led by the
Transportation and Telecoms indices, declining 1.0% and 0.2% respectively.
Top losers were Qatar Gas Transport Co. and Qatar Electricity & Water Co.,
falling 1.8% and 1.1% respectively. Among the top gainers, Qatar Islamic
Insurance rose 2.5%, while Zad Holding Co. gained 1.9%.
GCC Commentary
Saudi Arabia: The TASI index fell 0.3% to close at 7,976.8. Losses were led
by the Retail and Hotel & Tourism indices, declining 2.0% and 1.5%
respectively. Saudi Trans. & Inv. fell 9.9%, while United Elec. was down 6.4%.
Dubai: The DFM index declined 1.3% to close at 2,777.7. The Services index
fell 2.5%, while the Inv. & Fin. Services index was down 2.2%. Gulf Finance
House declined 5.6%, while Dubai National Ins. & Rein. was down 4.6%.
Abu Dhabi: The ADX benchmark index fell 0.5% to close at 3,850.5. The
Energy index declined 3.0%, while the Real Estate index was down 1.7%.
Sharjah Cement & Ind. Dev. Co. fell 7.6%, while Dana Gas was down 4.4%.
Kuwait: The KSE index gained 0.1% to close at 7,664.6. The Real Estate
index rose 0.9%, while the Technology index was up 0.8%. Safwan Trading &
Contracting gained 8.6%, while First Dubai For Real Estate Dev. was up 7.6%.
Oman: The MSM index fell 0.1% to close at 6,647.7. Losses were led by the
Industrial and Banking & Invest. indices, falling 0.3% and 0.1% respectively.
Con. Mat. Ind. & Cont. fell 2.7%, while Galfar Eng. & Cont. was down 2.4%.
Bahrain: The BHB index gained 0.4% to close at 1,198.7. The Investment
index rose 0.8%, while the Commercial Banking index was up 0.5%. Gulf
Finance House gained 7.1%, while Al Salam Bank was up 2.1%.
Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD%
Qatar Islamic Insurance 58.00 2.5 15.5 (6.5)
Zad Holding Co. 69.00 1.9 0.1 17.3
Gulf International Services 54.90 1.9 186.4 83.0
Dlala Brok. & Inv. Holding Co. 21.77 1.6 35.0 (30.0)
Gulf Warehousing Co. 40.80 1.4 4.5 21.8
Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD%
Barwa Real Estate Co. 26.30 1.2 1,258.5 (4.2)
United Development Co. 22.10 (0.4) 595.0 24.2
Vodafone Qatar 9.03 (0.1) 368.3 8.1
Qatar Gas Transport Co. 19.30 (1.8) 365.0 26.5
Masraf Al Rayan 29.00 0.0 335.3 17.0
Source: Bloomberg (* in QR)
Market Indicators 07 Oct 13 06 Oct 13 %Chg.
Value Traded (QR mn) 164.9 166.8 (1.1)
Exch. Market Cap. (QR mn) 528,192.1 528,500.1 (0.1)
Volume (mn) 4.5 3.7 20.4
Number of Transactions 2,189 2,227 (1.7)
Companies Traded 37 37 0.0
Market Breadth 16:13 9:25 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 13,882.55 (0.2) (0.5) 22.7 N/A
All Share Index 2,442.11 (0.1) (0.4) 21.2 12.1
Banks 2,351.96 (0.1) (0.4) 20.7 12.5
Industrials 3,106.16 0.1 (0.2) 18.2 10.9
Transportation 1,795.84 (1.0) (1.3) 34.0 12.2
Real Estate 1,808.74 0.5 0.3 12.2 13.6
Insurance 2,231.71 0.1 (1.5) 13.7 9.3
Telecoms 1,441.45 (0.2) (0.9) 35.3 15.2
Consumer 5,885.42 0.2 (0.2) 26.0 24.2
Al Rayan Islamic Index 2,799.43 0.2 (0.2) 12.5 14.4
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
Makkah Cons. & Dev. Saudi Arabia 68.50 3.8 600.1 68.7
Southern Cement Co. Saudi Arabia 110.50 3.3 145.9 10.5
Saudi Fisheries Saudi Arabia 29.70 2.4 3,480.6 (2.6)
Kingdom Holding Co. Saudi Arabia 19.60 2.3 2,625.7 (6.2)
Riyad Bank Saudi Arabia 26.70 2.3 758.5 16.1
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
United Electronics Co. Saudi Arabia 118.00 (6.3) 177.7 42.2
Herfy Food Services Saudi Arabia 117.00 (5.6) 80.3 22.6
Dana Gas Abu Dhabi 0.65 (4.4) 36,954.7 44.4
Air Arabia Dubai 1.41 (3.4) 17,923.1 68.9
Drake & Scull Int. Dubai 1.21 (3.2) 38,622.3 71.9
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 Gas Transport Co. 19.30 (1.8) 365.0 26.5
Qatar Electricity & Water Co. 159.50 (1.1) 0.6 20.5
Doha Insurance Co. 25.50 (1.0) 11.5 3.9
Qatar & Oman Investment Co. 12.66 (0.7) 0.9 2.2
Commercial Bank of Qatar 67.90 (0.6) 132.1 (4.2)
Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD%
Barwa Real Estate Co. 26.30 1.2 33,084.4 (4.2)
Industries Qatar 151.40 0.1 17,290.3 7.4
United Development Co. 22.10 (0.4) 13,151.4 24.2
QNB Group 168.00 0.0 10,921.2 28.3
Gulf International Services 54.90 1.9 10,157.4 83.0
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* 9,716.43 (0.2) (0.5) 1.1 16.2 45.28 145,041.5 12.1 1.7 4.7
Dubai 2,777.71 (1.3) (1.6) 0.6 71.2 297.22 68,304.5#
16.2 1.1 3.2
Abu Dhabi 3,850.47 (0.5) (0.2) 0.2 46.4 95.54 110,839.3 11.0 1.4 4.7
Saudi Arabia 7,976.80 (0.3) (0.5) 0.1 17.3 1,270.35 425,275.4 16.6 2.1 3.7
Kuwait 7,664.59 0.1 0.5 (1.3) 29.2 148.00 136,295.4 18.4 1.2 3.6
Oman 6,647.74 (0.1) 0.0 0.0 15.4 11.93 23,210.3 11.0 1.6 3.9
Bahrain 1,198.74 0.4 0.4 0.4 12.5 0.55 22,814.4 8.4 0.9 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, #- Value as of October 06)
9,700
9,710
9,720
9,730
9,740
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 declined 0.2% to close at 9,716.4. The
Transportation and Telecoms indices led the losses. The index
declined on the back of selling pressure from Qatari
shareholders despite buying support from non-Qatari
shareholders.
Qatar Gas Transport Co. and Qatar Electricity & Water Co. were
the top losers, falling 1.8% and 1.1% respectively. Among the
top gainers, Qatar Islamic Insurance rose 2.5%, while Zad
Holding Co. gained 1.9%.
Volume of shares traded on Monday rose by 20.4% to 4.5mn
from 3.7mn on Sunday. However, as compared to the 30-day
moving average of 7.9mn, volume for the day was 43.8% lower.
Barwa Real Estate Co. and United Development Co. were the
most active stocks, contributing 28.3% and 13.4% to the total
volume respectively.
Source: Qatar Exchange (* as a % of traded value)
Ratings, Earnings and Global Economic Data
Ratings Updates
Company Agency Market Type* Old Rating New Rating Rating Change Outlook Outlook Change
RAK Capital Fitch UAE
USD trust certificates’
(sukuk) senior
unsecured rating
– A(EXP)#
– – –
Gulf International
Bank (GIB)
S&P Bahrain SACP/ LT ICR/ ST ICR
BBB-/BBB+/A-
2
BBB/BBB+/A-
2 ##
Positive
Source: News reports (* LT – Long Term, ST – Short Term, SACP- Stand Alone Credit Profile, ICR- Issuer Credit Ratings) (
#
Rating assigned) (
##
Rating upgraded for SACP)
Earnings Releases
Company Market Currency
Revenue
(mn) 3Q2013
% Change
YoY
Operating Profit
(mn) 3Q2013
% Change
YoY
Net Profit (mn)
3Q2013
% Change
YoY
United Electronic Co. (UEC) Saudi Arabia SR – – 30.4 3.6% 29.4 3.8%
Qassim Cement Co. (QCC) Saudi Arabia SR – – 120.1 6.1% 114.7 3.8%
Halwani Brothers Co. (HB) Saudi Arabia SR – – 26.0 -14.5% 17.0 -17.9%
Source: Company data, DFM, ADX, MSM
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
10/07 EU
Sentix Behavioral
Indices
Sentix Investor Confidence October 6.1 8.5 6.5
10/07 Japan ESRI Leading Index CI August 106.5 106.6 107.9
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
Qatar’s MoF sets up credit bureau for government firms –
Qatar’s Ministry of Finance (MoF) has set up a new credit
bureau for government and semi-government organizations to
assess their creditworthiness. The bureau would then
recommend to banks and financial institutions if credit facilities
can be extended to or renewed for these organizations. The
credit bureau is the government version of a centralized bureau
supervised by the Qatar Central Bank (QCB) that exists for
individuals and corporate borrowers. The QCB has asked all
banks and financial institutions to directly contact the bureau if a
government or quasi-state organization or any of their
subsidiaries approach them for a loan facility or renewal.
(Peninsula Qatar)
Ooredoo’s Indosat launches fast internet service in
Indonesia – Indonesia-based Indosat (owned by Ooredoo
Group) has launched a new UMTS 900MHz network that will
provide a faster and better internet experience to Indonesians.
With this, Indosat has become the first telecom operator to
commercially operate a UMTS 900MHz network in Indonesia
after an initial trial in West Sumatra in September 2012. (Gulf-
Times.com)
QA awarded the best Middle East airline again – Qatar
Airways (QA) has been awarded with the “Best Middle Eastern
Airline” title eight years in a row, at the TTG Asia Travel Awards
in Bangkok. (Peninsula Qatar)
MERS to disclose its 3Q2013 financial results on October 28
– Al Meera Consumer Goods Company (MERS) will disclose its
3Q2013 financial results for the period ending September 30,
2013 on October 28, 2013. (QE)
International
US still in fiscal deadlock, but hope glimmers – A few faint
glimmers of hope surfaced in the US fiscal standoff with
President Barack Obama saying he would accept a short-term
increase in the nation's borrowing authority to avoid a default.
Obama's press secretary, Jay Carney said the president would
be willing to accept a short-term debt ceiling increase in order to
get past the potential crisis date of October 17, when the
government hits the $16.7tn borrowing limit. A short-term
increase would give Republicans and Democrats some
Overall Activity Buy %* Sell %* Net (QR)
Qatari 62.07% 64.70% (4,325,455.69)
Non-Qatari 37.93% 35.30% 4,325,455.69
3. Page 3 of 5
breathing room, but that would not address the substantial
issues preventing an agreement. (Reuters)
IMF warns difficulty in exiting unconventional monetary
policies – According to the IMF, tighter monetary policy in
advanced economies could create a bumpy ride for financial
markets around the world that central banks may be unable to
control. The IMF said unconventional monetary policies such as
the US Federal Reserve's massive bond-buying programs
helped restore order and lift global growth in the wake of the
financial crisis in 2007-2009. However, unwinding these policies
may have much more profound negative effects, especially for
countries that received the largest capital inflows. The IMF
warned that India and Indonesia in particular have more limited
policies to deal with the fallout. (Reuters)
Greek budget sees end to six-year recession next year –
According to the draft budget forecast, Greece will emerge from
six years of recession next year. The Greek economy, which
has shrunk by about a quarter since its peak in 2007, will grow
by a modest 0.6% next year mainly due to a rebound in
investment and exports including tourism. (Reuters)
China services PMI slows to 52.4 in September – According
to the survey by Markit/HSBC, growth in China's services
industry slowed in September and optimism over the business
outlook weakened. The Markit/HSBC services PMI for
September dipped to 52.4 from 52.8 in August. The reading is in
contrast to China's official services PMI, released last week,
which showed the sector expanded at the fastest pace in six
months in September as demand grew. The official PMI rose to
55.4 in September from 53.9 in August. (Reuters)
World Bank to cut $400mn from budget in reorganization –
The World Bank is planning to cut $400mn from its budget as
part of a sweeping reorganization activity to make the global
lender more efficient and responsive. The savings are part of the
World Bank's first major strategic realignment in 17 years. World
Bank's Chief Financial Officer Bertrand Badre said the $400mn
in savings will be phased in over three years, marking an 8% cut
from the bank's current $5bn in annual expenses. Badre said
the ultimate goal of the cuts, along with planned increases in
revenue, was to help the bank grow and better serve
governments. (Reuters)
Regional
Moody’s: Global Takaful premiums to exceed $20bn by
2017 – According to a report released by the Moody’s, Islamic
insurance Takaful has grown faster than conventional insurance
and is expected to see premiums in excess of $20bn by 2017,
even as challenges remain. Moody’s said the rising popularity of
Takaful across the globe is primarily supported by countries in
the GCC region, Levant, Africa and South East Asia. Moody’s
expect that the global growth in Takaful premiums will continue
strongly. Moody’s added that the GCC region’s current
insurance penetration and density is relatively low compared to
more developed markets, primarily due to low awareness of
insurance benefits and the relatively recent growth in substantial
insurable assets (real estate). Given the expected continued
growth in insurable wealth, as well as greater awareness of the
insurance’s value, Moody’s expect insurance penetration to
converge toward global levels over time. (Gulf-Times.com)
Moody's: Saudi Arabia's banking system outlook remains
Stable – According to a report published by Moody’s, the
outlook for Saudi Arabia's banking system remains Stable. The
report showed that the key drivers of the outlook are namely, a
benign operating environment; low problem loan levels; strong
loss-absorption capacity, underpinned by high capital buffers
and solid profitability; and the sector's stable, low-cost deposit
base and ample liquidity. However, Moody's said that these
system-wide strengths will remain counterbalanced by structural
weaknesses - high loan and deposit concentrations and the
financial opacity of certain family conglomerates - over the 12-18
month outlook period. (Bloomberg)
Alinma Bank reports SR262mn net profit in 3Q2013 – Alinma
Bank has reported a net profit of SR262mn in 3Q2013,
indicating an increase of 8.7% QoQ (+33.7% YoY). EPS stood
at SR0.49 for nine months ended on September 30, 2013 as
compared to SR0.35 for nine months ended on September 30,
2012. The bank’s total assets at the end of September 2013
stood at SR59.1bn over SR49.9bn over September 30, 2012.
Loans & advances rose by 19.8% YoY to SR41.9bn, while
customer deposits were up by 31.7% YoY to SR37.6bn.
(Tadawul)
SHB reports SR433.3mn net profit in 3Q2013 – Saudi
Hollandi Bank (SHB) has reported a net profit of SR433.3mn in
3Q2013, reflecting an increase of 15.6% QoQ (+36.6% YoY).
EPS for nine months ended on September 30, 2013 stood at
SR2.91 as compared to SR2.37 for nine months ended on
September 30, 2012. Total assets rose 19.3% YoY to SR78bn.
The bank’s loans & advances increased 23% YoY to SR53.7bn,
while customer deposits were up by 16.4% YoY to SR61.4bn at
the end of September 2013. (Tadawul)
Kingdom ranks 14th in McKinsey’s HQD index – According
to a report released by McKinsey & Company, Saudi Arabia has
one of the world’s highest concentration of large companies and
has been ranked 14th in the Headquarters Density (HQD) Index.
This index is calculated based on the ratio of sum of global
consolidated revenues of all large companies headquartered in
a jurisdiction as compared to the nation’s GDP. The report
showed that Riyadh is the powerhouse of the Middle East,
hosting 19 large companies that generate revenues of more
than $1bn per year. McKinsey’s estimates show that more than
45% of the Fortune Global 500 companies will be based in
emerging economies by 2025, reflecting a 5% rise since 2000.
(GulfBase.com)
TCC obtains SR500mn credit facility from Bank Albilad –
Tabuk Cement Company (TCC) has entered into a credit facility
agreement worth SR500mn with Bank Albilad to finance its
cement plant expansion. TCC’s Chairman Khalid bin Saleh Al
Shathri said that this credit facility will be used to implement the
second phase of construction of its new cement production line,
which represents 45% of the clinker production line of 5,000
tons per day, a power station and desalination plant. The
company will finance the remaining project cost amounting to
SR600mn. He stated that the project’s financial impact will be
seen in 4Q2015. Al Shathri also said that the project’s pilot
production will begin by the end of 3Q2015, while its commercial
production will begin at the end of 4Q2015. (GulfBase.com)
Saudi CMA approves Savola’s capital increase – The Saudi
Capital Market Authority’s (Saudi CMA) board has approved the
request of Savola Group to increase its capital from SR5bn to
SR5.3bn. This will enable Savola to acquire the entire ownership
of Al Muhaidib Holding Company’s stakes, 10% shares of
Savola Foods Company and 18.6% shares of Azizia Panda
United Company. (Tadawul)
Saudi CMA grants license to Musharaka Capital – The Saudi
CMA has issued a resolution authorizing Musharaka Capital
Company to conduct dealings as a principal, which will manage
investment funds, custody, and advise on investment activities.
(Tadawul)
4. Page 4 of 5
UBF ink MoU with ABI for banking cooperation – The UAE
Banks Federation (UBF) has signed a MoU with Italian Banking
Association (ABI) to cooperate on mutual banking industry
activities. Under this agreement, UBF and ABI have agreed to
cooperate on activities, which include the exchange of
information about policies & procedures, conducting workshops
and training programs. The UBF and ABI will establish channels
to support the business development of their member banks in
the UAE and Italy. (GulfBase.com)
RAK Properties to launch two projects in Dubai – RAK
Properties is planning to launch two new projects with an
investment of approximately AED400mn on the first day of
Cityscape Global 2013 exhibition. (GulfBase.com)
Nakheel’s net profit rises 58% to AED1.77bn – Dubai-based
developer Nakheel has reported a net profit of AED1.77bn for
the nine months ended on September 30, 2013, reflecting an
increase of 58% YoY. Revenues rose by 50% YoY to
AED6.83bn during this period. (GulfBase.com)
Al Habtoor to construct three more towers in Al Habtoor
City – Al Habtoor Group is planning to construct three more
towers in Al Habtoor City on Sheikh Zayed Road in Dubai that
will include penthouses worth $245mn. The Al Habtoor City will
include 1,460 apartments and three hotels with around 1,600
hotel rooms. Al Habtoor’s Chairman Khalaf al Habtoor said that
these additional towers will boost the value of the Al Habtoor
City project to AED11bn. This project will have 11 penthouses,
which will be sold for more than AED900mn. This project will
also have a French-style garden and an air conditioned tennis
court. Al Habtoor will finance this project from its own resources
and the construction will be completed by early 2016.
(Bloomberg)
Abraaj to invest in AIS – The Abraaj Group will invest in the
African Industrial Services Group (AIS) through one of its funds.
This investment will allow AIS to expand its services to both
existing and new customers, and upgrade its inventory
management system across West Africa. AIS will focus on
developing its four core areas of business: product range
extension, geographical expansion, consolidation of new
markets and in-house production capacity increase.
(GulfBase.com)
DH signs JV with Emaar to develop waterfront within MBR
City – Dubai Holding (DH) has entered into a JV agreement with
Emaar Properties to develop “The Lagoons”, a waterfront city
within the Mohammed Bin Rashid City (MBR City). This 6mn
square meter project will be built by the banks of the Dubai
Creek. (DFM)
DIRC begins work on its new Dubai projects – Dubai
Investments Real Estate Company (DIRC) has begun work on
its new residential and commercial projects in Dubai. These new
projects are located within Mirdif, Meydan and Jumeirah areas.
(GulfBase.com)
ADNEC obtains Kurdistan’s approval to develop the Atrush
Block – The Abu Dhabi National Energy Company (ADNEC)
has obtained approval from the Kurdistan Regional Government
(KRG) to develop the Atrush Block in the autonomous region of
Iraq. The block’s first phase of development is expected to
produce around 30,000 bpd of oil, with the first batch expected
to flow by early 2015. The second phase could add another
30,000 bpd of oil production, along with some associated gas for
the domestic market, which is subject to KRG’s approval and
further field appraisals. (Bloomberg)
Etihad reports passenger revenue of $1.03bn in 3Q2013 –
Etihad Airways said growth from code-share deals and equity
partners raised passenger revenue to a record $1.03 billion in
3Q2013 with around 3mn passengers flying in the carrier. The
airline’s total revenue rose 11% to $1.41bn, with contribution
from alliance partners increasing 36% to $247mn. The
partnerships have accounted for 23% of passenger revenue.
(Bloomberg)
Al Hilal successfully places $500mn debut sukuk – Al Hilal
Bank has successfully placed its $500mn debut sukuk whose
order book was oversubscribed by more than 12 times. The total
investor demand for this sukuk reached $6.3bn from 220
investors. This sukuk has a maturity of five years and will pay a
fixed coupon of 3.267% per annum. (GulfBase.com)
OSC closes OMR137mn loan facility from Bank Muscat and
Bank Dhofar – The Oman Shipping Company (OSC) has
successfully closed a financing facility worth OMR137mn from
Bank Muscat and Bank Dhofar. This facility will used to acquire
four very large ore carriers (VLOCs), each having a capacity of
400,000 deadweight tonnage (dwt). Bank Muscat was the
mandated lead arranger, while Bank Dhofar acted as the
participating bank for this facility. Bank Muscat contributed
OMR107mn, while Bank Dhofar provided OMR30mn for this
facility. (GulfBase.com)
Al Fajar Al Alamia’s BoD approves 5% cash dividend – The
Al Fajar Al Alamia Company’s board of directors have approved
to distribute a cash dividend of 5% (OMR0.005 per share) for
the year ended on June 30, 2013. (MSM)
Gulf Hotels (Oman)’s BoD approves 40% cash dividend –
The Gulf Hotels (Oman) Company’s board of directors have
approved to distribute a cash dividend of 40% of the paid-up
capital to its shareholders (400 baisas per share). (MSM)
Alba’s sales increase 4.2% YoY in 3Q2013 – Aluminum
Bahrain (Alba) has reported that its sales figures were up by
4.2% YoY to reach 227,758 metric tons (mt) in 3Q2013 while
production figures increased by 10,377 mt to reach 230,058 mt
as compared to the same period of 2012. Sales figures for the
month of September alone rose by 14.7% to reach 94,000 mt. In
addition, Alba closed 3Q2013 with an average of 66% of total
shipments versus 65% for the same period in 2012. Sales
figures for the first nine months of 2013 inched up by 2.7% YoY
to 682,188 mt ahead of the company’s own forecast for the
period. Production figures were up by 3% YTD reaching 682,785
mt versus 663,214 mt for the same period in 2012. (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
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Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg (*Market closed on October 07, 2013) Source: Bloomberg (*Market closed on October 07, 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
(0.3%)
(0.2%)
0.1%
0.4%
(0.1%)
(0.5%)
(1.3%)
(1.8%)
(1.2%)
(0.6%)
0.0%
0.6%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD%
Gold/Ounce 1,323.23 0.9 0.9 (21.0) DJ Industrial 14,936.24 (0.9) (0.9) 14.0
Silver/Ounce 22.37 2.9 2.9 (26.3) S&P 500 1,676.12 (0.9) (0.9) 17.5
Crude Oil (Brent)/Barrel (FM
Future)
109.68 0.2 0.2 (1.3) NASDAQ 100 3,770.38 (1.0) (1.0) 24.9
Natural Gas (Henry
Hub)/MMBtu
3.61 1.4 1.4 5.3 STOXX 600 309.18 (0.2) (0.2) 10.5
North American Spot LPG
Propane Price
109.38 (0.1) (0.1) 22.2 DAX 8,591.58 (0.4) (0.4) 12.9
North American Spot LPG
Normal Butane Price*
143.75 0.0 0.0 (16.9) FTSE 100 6,437.28 (0.3) (0.3) 9.1
Euro 1.36 0.2 0.2 2.9 CAC 40 4,165.58 0.0 0.0 14.4
Yen 96.71 (0.8) (0.8) 11.5 Nikkei 13,853.32 (1.2) (1.2) 33.3
GBP 1.61 0.5 0.5 (1.0) MSCI EM 1,004.66 (0.3) (0.3) (4.8)
CHF 1.11 0.5 0.5 1.4 SHANGHAI SE Composite* 2,174.67 0.0 0.0 (4.2)
AUD 0.94 (0.1) (0.1) (9.3) HANG SENG 22,973.95 (0.7) (0.7) 1.4
USD Index 79.94 (0.2) (0.2) 0.2 BSE SENSEX 19,895.10 (0.1) (0.1) 2.4
RUB 32.25 0.2 0.2 5.6 Bovespa 52,417.10 (0.8) (0.8) (14.0)
BRL 0.45 0.3 0.3 (7.0) RTS 1,444.32 0.1 0.1 (5.4)
139.6
125.7
114.2