The QSE Index declined 2.3% led by losses in the Insurance and Real Estate indices. Gulf International Services and Qatar Insurance Co. were the top losers. Commercial Bank of Qatar was the only gainer. News from Qatar included the appointment of Ali Ahmad Al Kuwari as QNB Group's new Group CEO and plans by Qatar to develop a large chicken farm through private investment to address shortages in poultry meat supply.
The QE index in Qatar rose 0.7% led by gains in the consumer goods and banking indices. Qatar Fuel Co. and Doha Bank were the top gainers rising 4.2% and 2.8% respectively. Volume traded declined 2.0% from the previous day but was 4.0% higher than the 30-day moving average. In other GCC markets, indices rose between 0.1-1.3% with the exception of Bahrain which declined 0.1%.
The QE index in Qatar declined 0.9% led by losses in the insurance and transportation indices. Islamic Holding Group and Qatar General Ins. & Rein. Co. were the top losers. Gulf Warehousing Co. and QNB Group were among the gainers. Regional indices also declined in Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain. Real estate transactions in Qatar totaled QR467mn last week. Qatar Air expanded operations by introducing new routes to Scandinavia and Chengdu.
The QSE Index gained marginally to close at 10,398.3, led by the Banks & Financial Services and Transportation indices. Zad Holding Co. and QNB Group were the top gainers, while Qatar Insurance Co. and Al Khalij Commercial Bank were the top losers. Trading volume fell by 21.7% compared to the previous day. Globally, US consumer confidence rose in December and home prices increased in October from the prior month. In Qatar news, ABQK's board will meet in January to approve budgets and dividends, and Qatar's population grew 8.5% YoY in November according to government statistics.
The QSE Index in Qatar rose 1.1% led by gains in the Industrials and Transportation indices. Gulf International Services and Industries Qatar were the top gainers rising 4.9% and 3.0% respectively. Commercial Bank of Qatar fell 2.5%. Regional indices were mixed with Dubai up 2.0% and Abu Dhabi up 0.8% while Saudi Arabia fell 2.0%. Earnings results were mixed and global economic data was mostly weaker than expected.
The QE index in Qatar rose 0.6% led by gains in the Industrials and Transportation indices. Al Ahli Bank and Gulf International Services were the top gainers, while Salam International Inv. Co. and Barwa Real Estate Co. declined. Regional indices were mixed with Saudi Arabia and Dubai rising while Kuwait and Bahrain declined.
The QE index in Qatar rose 0.7% led by gains in the consumer goods and banking indices. Qatar Fuel Co. and Doha Bank were the top gainers rising 4.2% and 2.8% respectively. Volume traded declined 2.0% from the previous day but was 4.0% higher than the 30-day moving average. In other GCC markets, indices rose between 0.1-1.3% with the exception of Bahrain which declined 0.1%.
The QE index in Qatar declined 0.9% led by losses in the insurance and transportation indices. Islamic Holding Group and Qatar General Ins. & Rein. Co. were the top losers. Gulf Warehousing Co. and QNB Group were among the gainers. Regional indices also declined in Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain. Real estate transactions in Qatar totaled QR467mn last week. Qatar Air expanded operations by introducing new routes to Scandinavia and Chengdu.
The QSE Index gained marginally to close at 10,398.3, led by the Banks & Financial Services and Transportation indices. Zad Holding Co. and QNB Group were the top gainers, while Qatar Insurance Co. and Al Khalij Commercial Bank were the top losers. Trading volume fell by 21.7% compared to the previous day. Globally, US consumer confidence rose in December and home prices increased in October from the prior month. In Qatar news, ABQK's board will meet in January to approve budgets and dividends, and Qatar's population grew 8.5% YoY in November according to government statistics.
The QSE Index in Qatar rose 1.1% led by gains in the Industrials and Transportation indices. Gulf International Services and Industries Qatar were the top gainers rising 4.9% and 3.0% respectively. Commercial Bank of Qatar fell 2.5%. Regional indices were mixed with Dubai up 2.0% and Abu Dhabi up 0.8% while Saudi Arabia fell 2.0%. Earnings results were mixed and global economic data was mostly weaker than expected.
The QE index in Qatar rose 0.6% led by gains in the Industrials and Transportation indices. Al Ahli Bank and Gulf International Services were the top gainers, while Salam International Inv. Co. and Barwa Real Estate Co. declined. Regional indices were mixed with Saudi Arabia and Dubai rising while Kuwait and Bahrain declined.
The QE index in Qatar rose 0.6% led by gains in the real estate and transportation indices. Qatari Investors Group and Barwa Real Estate Co. were the top gainers rising 3.2% each, while Qatar Fuel Co. fell 0.6%. Regional indices were mixed with Saudi Arabia and Oman declining while gains were seen in Qatar.
The QSE Index declined marginally to close at 10,245.9 led by losses in the Industrials and Telecoms indices. Qatar Industrial Manufacturing Co. and Aamal Co. were the top losers falling 3.3% and 1.9% respectively, while Gulf Warehousing Co. rose 5.2% to be a top gainer. Trading volume fell 42.5% compared to the previous day. Regional indices in Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain rose, while Qatari shareholders sold shares despite buying from non-Qatari and GCC investors.
The QE index in Qatar declined 0.3% on the day due to selling pressure from Qatari shareholders despite buying from non-Qatari shareholders. Qatari Investors Group and Widam Food Co. were the top losers, falling over 9% and 4.5% respectively. In other markets, indices were mixed with Abu Dhabi up 0.6% while Dubai fell 0.6%. Regionally, US oil production is expected to rise by 1 million barrels per day this year to record levels. European economic growth is also expected to pick up in 2014 after overcoming the crisis in 2013.
The document summarizes daily market activity and performance across various stock exchanges in Qatar and the GCC region. On the Qatar Exchange, the market index declined 0.3% as the Transportation and Banking indices fell. Top losers were Zad Holding and Gulf International Services. Top gainers included Qatar Cinema and Qatar National Cement. Trading volume declined 57.5% compared to the previous day. Other GCC markets saw gains in Dubai and Abu Dhabi but declines in Saudi Arabia and Kuwait.
The QE index in Qatar declined 0.6% 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 rose 0.3% led by gains in the insurance and real estate indices. Top gainers were Al Khaleej Takaful Group and Medicare Group. Regional indices were mixed with Saudi Arabia and Oman up while Dubai, Abu Dhabi and Kuwait declined. Global economic data showed the US trade deficit widened and Eurozone PPI declined year-over-year. In Qatar news, T-bill yields fell to their lowest since 2012 and Milaha received approval for a share buyback program.
The QSE Index declined slightly, led by losses in the telecom and insurance indices. Qatar National Cement and Qatari Investors Group were the top losers. In positive news, Qatar German Co for Medical Devices rose 10% and Ezdan Holding Group rose 3%. Overall trading volume increased compared to the previous day and 30-day average. The Prime Minister of Qatar expressed support for the local manufacturing sector and plans to increase transparency for companies. Other news included plans for more high-rise buildings to address housing demand, an increase in Qatar Primary Materials Company's capacity, and Al Rayan Bank's potential expansion to Europe.
The QSE Index declined 0.3% led by losses in the Industrials and Real Estate indices. Industries Qatar and Qatar General Insurance fell 2.1% and 1.8% respectively, while Commercial Bank of Qatar and Qatar Islamic Bank rose 1.8% each. Trading volume fell 3.1% compared to the previous day. Regional markets were mixed with Saudi Arabia down 0.5% and Abu Dhabi down 0.6%, while Dubai fell 0.4% and Oman declined 0.1%.
The QE index in Qatar rose 1.3% led by gains in the real estate and transportation indices. Regional markets in Saudi Arabia, Dubai, Abu Dhabi, Oman, and Bahrain were also up, while Kuwait's market declined marginally. Trading activity significantly increased in Qatar with value traded rising 81.5% and volume up 104%. Real estate transactions in Qatar also doubled in July despite the summer season.
The QSE Index declined 0.3% with losses led by the Transportation and Industrials indices. Top losers were Qatar Cinema & Film Distribution Co. and Zad Holding Co., falling 7.6% and 7.0% respectively. Elsewhere in the GCC, indices in Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain rose between 0.1-1.2%. GOIC said Qatar's industrial sector is expected to attract more investments, while lower oil prices have weighed on the petrochemical sector, forcing delays of major projects in Qatar. The QSE also announced trading suspensions and results dates for some companies.
The QE index in Qatar declined 0.3% led by losses in the industrial and real estate sectors, while indices in other GCC markets were mixed with gains in Kuwait and Dubai but losses in Saudi Arabia and Abu Dhabi. Qatar Gas Transport and Gulf International Services were the top losers in Qatar, falling 6.0% and 5.8% respectively. Globally, US mortgage applications declined while Japan's exports and imports increased year-over-year in February.
The QSE Index in Qatar declined 0.2% due to losses in the banks and financial services and insurance indices. The Commercial Bank and Qatar Navigation were the top losers. Markets were mixed across the GCC with Saudi Arabia down 0.8% but Abu Dhabi and Dubai up 0.6% and 0.4% respectively. News from Qatar included QNB commenting on Qatar's trade surplus increasing due to recovering imports and strong exports, and Woqod planning to increase its petrol stations to 88 by end of year.
The QE index in Qatar declined slightly by 0.1% due to losses in the telecom and industrial indices. Top losers were National Leasing and Gulf International Services. Regional indices were mixed with gains in Kuwait and Oman, while Abu Dhabi declined marginally. Earnings news saw profits rise at MERS but fall at other companies such as Al Buhaira National Insurance.
The QSE Index rose 0.2% led by gains in the Transportation and Banks & Financial Services indices. Doha Insurance Group and Qatar Industrial Manufacturing Company rose 4.0% each, while Ezdan Holding Group fell 5.0% and Qatar Fuel Company fell 4.9%. Volume on the QSE rose 376.3% compared to the 30-day moving average. The FTSE index review is expected to increase weights on selected Qatari companies. Merger talks between Masraf Al Rayan, Barwa Bank, and International Bank of Qatar have ended. Qatar's foreign exchange reserves rose 4.8% in April.
The QE index in Qatar declined 1.5% led by losses in the telecom and transportation indices. Widam Food Co. and Gulf Warehousing Co. were the top losers. Qatar National Cement Co. and Ezdan Holding Group were among the top gainers. Trading volume rose 19.5% but was 43.1% lower than the 30-day average. The Qatari economy grew 6.2% YoY in 1Q2014 led by double-digit growth in construction, trade and finance sectors, while the hydrocarbon sector fell 1.2%.
The QSE Index declined 1.3% led by losses in the Industrials and Real Estate indices. Industries Qatar and Masraf Al Rayan fell 2.7% each, while Qatar General Insurance rose 3.8%. Trading volume fell 15.1% compared to the 30-day average. In regional markets, Saudi Arabia rose 1% while Oman and Bahrain declined marginally. QNB projected Qatar's GDP growth at 7% in 2015 and 7.5% in 2016, driven by non-hydrocarbon sectors. Qatar also auctioned QR4bn in treasury bills.
The QE Index in Qatar declined 0.7% led by losses in the Transportation and Industrials indices. Ahli Bank and Qatar Gas Transport Company were the top losers. In other GCC markets, indices in Saudi Arabia and Kuwait fell while Dubai and Oman gained slightly. Company earnings news was reported from Saudi Arabia. Global economic data showed inflation increases in the UK and EU while industrial production grew in Japan. News mentioned AKHI opening a new branch in Qatar and Investment House closing a global Wakala trust program. Qatar's current account balance is forecast to rebound strongly in 2021-2022.
The QSE Index rose 0.3% led by gains in the insurance and real estate indices. Qatar Industrial Manufacturing Co. and Medicare Group were the top gainers rising 6.8% and 4.6% respectively. Barwa Real Estate Co. fell 3.6% and was among the top losers. Regional markets were mixed with Saudi Arabia down 1% and Oman down 0.9% while Bahrain gained 0.4%.
The QE index in Qatar declined 1.6% led by losses in the Industrials and Telecoms indices. Qatar Cinema & Film Dist. Co. and Qatar German Co. for Med. Dev. were the top losers, falling 7.4% and 4.7% respectively. Regional indices also declined, with Dubai down 2.5%, Abu Dhabi falling 3.0% and Saudi Arabia declining 0.4%. Global economic data was mixed, with US vehicle sales beating estimates but factory orders declining more than expected.
The QE index in Qatar rose 0.6% led by gains in the real estate and transportation indices. Qatari Investors Group and Barwa Real Estate Co. were the top gainers rising 3.2% each, while Qatar Fuel Co. fell 0.6%. Regional indices were mixed with Saudi Arabia and Oman declining while gains were seen in Qatar.
The QSE Index declined marginally to close at 10,245.9 led by losses in the Industrials and Telecoms indices. Qatar Industrial Manufacturing Co. and Aamal Co. were the top losers falling 3.3% and 1.9% respectively, while Gulf Warehousing Co. rose 5.2% to be a top gainer. Trading volume fell 42.5% compared to the previous day. Regional indices in Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain rose, while Qatari shareholders sold shares despite buying from non-Qatari and GCC investors.
The QE index in Qatar declined 0.3% on the day due to selling pressure from Qatari shareholders despite buying from non-Qatari shareholders. Qatari Investors Group and Widam Food Co. were the top losers, falling over 9% and 4.5% respectively. In other markets, indices were mixed with Abu Dhabi up 0.6% while Dubai fell 0.6%. Regionally, US oil production is expected to rise by 1 million barrels per day this year to record levels. European economic growth is also expected to pick up in 2014 after overcoming the crisis in 2013.
The document summarizes daily market activity and performance across various stock exchanges in Qatar and the GCC region. On the Qatar Exchange, the market index declined 0.3% as the Transportation and Banking indices fell. Top losers were Zad Holding and Gulf International Services. Top gainers included Qatar Cinema and Qatar National Cement. Trading volume declined 57.5% compared to the previous day. Other GCC markets saw gains in Dubai and Abu Dhabi but declines in Saudi Arabia and Kuwait.
The QE index in Qatar declined 0.6% 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 rose 0.3% led by gains in the insurance and real estate indices. Top gainers were Al Khaleej Takaful Group and Medicare Group. Regional indices were mixed with Saudi Arabia and Oman up while Dubai, Abu Dhabi and Kuwait declined. Global economic data showed the US trade deficit widened and Eurozone PPI declined year-over-year. In Qatar news, T-bill yields fell to their lowest since 2012 and Milaha received approval for a share buyback program.
The QSE Index declined slightly, led by losses in the telecom and insurance indices. Qatar National Cement and Qatari Investors Group were the top losers. In positive news, Qatar German Co for Medical Devices rose 10% and Ezdan Holding Group rose 3%. Overall trading volume increased compared to the previous day and 30-day average. The Prime Minister of Qatar expressed support for the local manufacturing sector and plans to increase transparency for companies. Other news included plans for more high-rise buildings to address housing demand, an increase in Qatar Primary Materials Company's capacity, and Al Rayan Bank's potential expansion to Europe.
The QSE Index declined 0.3% led by losses in the Industrials and Real Estate indices. Industries Qatar and Qatar General Insurance fell 2.1% and 1.8% respectively, while Commercial Bank of Qatar and Qatar Islamic Bank rose 1.8% each. Trading volume fell 3.1% compared to the previous day. Regional markets were mixed with Saudi Arabia down 0.5% and Abu Dhabi down 0.6%, while Dubai fell 0.4% and Oman declined 0.1%.
The QE index in Qatar rose 1.3% led by gains in the real estate and transportation indices. Regional markets in Saudi Arabia, Dubai, Abu Dhabi, Oman, and Bahrain were also up, while Kuwait's market declined marginally. Trading activity significantly increased in Qatar with value traded rising 81.5% and volume up 104%. Real estate transactions in Qatar also doubled in July despite the summer season.
The QSE Index declined 0.3% with losses led by the Transportation and Industrials indices. Top losers were Qatar Cinema & Film Distribution Co. and Zad Holding Co., falling 7.6% and 7.0% respectively. Elsewhere in the GCC, indices in Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain rose between 0.1-1.2%. GOIC said Qatar's industrial sector is expected to attract more investments, while lower oil prices have weighed on the petrochemical sector, forcing delays of major projects in Qatar. The QSE also announced trading suspensions and results dates for some companies.
The QE index in Qatar declined 0.3% led by losses in the industrial and real estate sectors, while indices in other GCC markets were mixed with gains in Kuwait and Dubai but losses in Saudi Arabia and Abu Dhabi. Qatar Gas Transport and Gulf International Services were the top losers in Qatar, falling 6.0% and 5.8% respectively. Globally, US mortgage applications declined while Japan's exports and imports increased year-over-year in February.
The QSE Index in Qatar declined 0.2% due to losses in the banks and financial services and insurance indices. The Commercial Bank and Qatar Navigation were the top losers. Markets were mixed across the GCC with Saudi Arabia down 0.8% but Abu Dhabi and Dubai up 0.6% and 0.4% respectively. News from Qatar included QNB commenting on Qatar's trade surplus increasing due to recovering imports and strong exports, and Woqod planning to increase its petrol stations to 88 by end of year.
The QE index in Qatar declined slightly by 0.1% due to losses in the telecom and industrial indices. Top losers were National Leasing and Gulf International Services. Regional indices were mixed with gains in Kuwait and Oman, while Abu Dhabi declined marginally. Earnings news saw profits rise at MERS but fall at other companies such as Al Buhaira National Insurance.
The QSE Index rose 0.2% led by gains in the Transportation and Banks & Financial Services indices. Doha Insurance Group and Qatar Industrial Manufacturing Company rose 4.0% each, while Ezdan Holding Group fell 5.0% and Qatar Fuel Company fell 4.9%. Volume on the QSE rose 376.3% compared to the 30-day moving average. The FTSE index review is expected to increase weights on selected Qatari companies. Merger talks between Masraf Al Rayan, Barwa Bank, and International Bank of Qatar have ended. Qatar's foreign exchange reserves rose 4.8% in April.
The QE index in Qatar declined 1.5% led by losses in the telecom and transportation indices. Widam Food Co. and Gulf Warehousing Co. were the top losers. Qatar National Cement Co. and Ezdan Holding Group were among the top gainers. Trading volume rose 19.5% but was 43.1% lower than the 30-day average. The Qatari economy grew 6.2% YoY in 1Q2014 led by double-digit growth in construction, trade and finance sectors, while the hydrocarbon sector fell 1.2%.
The QSE Index declined 1.3% led by losses in the Industrials and Real Estate indices. Industries Qatar and Masraf Al Rayan fell 2.7% each, while Qatar General Insurance rose 3.8%. Trading volume fell 15.1% compared to the 30-day average. In regional markets, Saudi Arabia rose 1% while Oman and Bahrain declined marginally. QNB projected Qatar's GDP growth at 7% in 2015 and 7.5% in 2016, driven by non-hydrocarbon sectors. Qatar also auctioned QR4bn in treasury bills.
The QE Index in Qatar declined 0.7% led by losses in the Transportation and Industrials indices. Ahli Bank and Qatar Gas Transport Company were the top losers. In other GCC markets, indices in Saudi Arabia and Kuwait fell while Dubai and Oman gained slightly. Company earnings news was reported from Saudi Arabia. Global economic data showed inflation increases in the UK and EU while industrial production grew in Japan. News mentioned AKHI opening a new branch in Qatar and Investment House closing a global Wakala trust program. Qatar's current account balance is forecast to rebound strongly in 2021-2022.
The QSE Index rose 0.3% led by gains in the insurance and real estate indices. Qatar Industrial Manufacturing Co. and Medicare Group were the top gainers rising 6.8% and 4.6% respectively. Barwa Real Estate Co. fell 3.6% and was among the top losers. Regional markets were mixed with Saudi Arabia down 1% and Oman down 0.9% while Bahrain gained 0.4%.
The QE index in Qatar declined 1.6% led by losses in the Industrials and Telecoms indices. Qatar Cinema & Film Dist. Co. and Qatar German Co. for Med. Dev. were the top losers, falling 7.4% and 4.7% respectively. Regional indices also declined, with Dubai down 2.5%, Abu Dhabi falling 3.0% and Saudi Arabia declining 0.4%. Global economic data was mixed, with US vehicle sales beating estimates but factory orders declining more than expected.
The QSE Index in Qatar rose 1.1% led by gains in the Industrials and Transportation indices. Gulf International Services and Industries Qatar were the top gainers rising 4.9% and 3.0% respectively. Commercial Bank of Qatar fell 2.5%. Regional indices were mixed with Dubai up 2.0% and Abu Dhabi up 0.8% while Saudi Arabia fell 2.0%. Earnings results were mixed and global economic data was mostly weaker than expected.
QNBFS Daily Market Report September 15, 2019QNB Group
The QE Index declined marginally to close at 10,461.7. Losses were led by the Banks & Financial Services and Transportation indices, falling 0.3% and 0.2%, respectively.
The QE Index declined 0.1% to close at 12,959.1. Losses were led by the Telecoms and Banks & Financial Services indices, falling 1.8% and 1.4%, respectively.
QNBFS Daily Market Report September 05, 2021QNB Group
The QE Index declined 0.2% to close at 11,071.2. Losses were led by the Banks & Financial Services and Consumer Goods & Services indices, falling 0.6% and 0.2%, respectively.
The QSE Index rose 1.0% led by gains in the real estate and consumer goods indices. Top gainers were Barwa Real Estate and Ezdan Holding Group. Regional indices were mixed with Saudi Arabia and Kuwait up while Dubai and Oman were down. Earnings news included QNB Group reporting a 10.1% rise in net profit for 1Q2015 and IHGS reporting a 15.5% increase in 1Q2015 net profit. Other news included DBIS approving a 28% bonus share issue and announcements of upcoming earnings dates.
The QSE Index rose 0.7% led by gains in the telecom and real estate indices. Qatar Oman Investment Co. and Vodafone Qatar were the top gainers rising 6.5% and 5.6% respectively. Regional indices were mixed with Saudi Arabia up 1.1% while Oman fell 1.1%. News articles discussed Qatar's population rising 9.7% YoY and Barwa Real Estate selling two land plots for QR5.34bn.
The QSE Index in Qatar declined 1.9% led by losses in the Insurance and Telecom indices. Qatar Cinema & Film Distribution Co. and Al Khalij Commercial Bank were the top losers falling 7.9% and 6.8% respectively. Regional markets were also down with Saudi Arabia falling 1.8% and Abu Dhabi declining 2.1%.
The QSE Index declined 0.7% led by losses in the Industrials and Insurance indices. Islamic Holding Group and Doha Insurance Co. were the top losers falling 4.4% and 3.5% respectively, while Ahli Bank gained 3.1%. Regional markets were also mostly down, with Saudi Arabia's TASI index falling 2.7% and Dubai's DFM index declining 1.6%. Earnings reports from various companies were mixed with some Saudi firms such as SEC reporting growth but others such as Rabigh Refining reporting losses.
QNBFS Daily Market Report December 05, 2021QNB Group
The QE Index rose 0.4% to close at 11,603.0. Gains were led by the Insurance and Banks & Financial Services indices, gaining 1.9% and 1.1%, respectively.
The QE index in Qatar rose 0.3% led by gains in the insurance and real estate indices. Qatar Insurance Co. and Qatar German Co. for Medical Development were the top gainers rising 3.4% and 2.6% respectively, while Qatar General Insurance & Reinsurance Co. fell 3.4%. Regional markets were mixed with Saudi Arabia and Kuwait rising while Oman fell. Non-Qatari investors were net buyers of Qatari stocks while Qatari investors were net sellers. Rising population is expected to drive non-oil growth in Qatar and public spending will support Qatar's ongoing construction boom.
The QE Index declined 0.2% to close at 10,342.4. Losses were led by the Transportation and Banks & Financial Services indices, falling 0.9% and 0.7%, respectively.
QNBFS Daily Market Report November 11, 2018QNB Group
The QSE Index in Qatar rose 1.1% led by gains in the Consumer Goods & Services and Banks & Financial Services indices. Qatar Cinema & Film Distribution Company and Qatar Fuel Company were the top gainers rising 9.6% and 4.5% respectively. Regional indices were mixed with Abu Dhabi up 0.3% while Saudi Arabia fell 0.6%.
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 in Qatar rose 0.6% led by gains in the telecom and real estate indices. Commercial Bank of Qatar and Gulf Warehousing Co. were the top gainers. Regional markets were mixed with Saudi Arabia and Dubai rising while Kuwait and Bahrain declined. A QNB Group report said that Qatar's investment spending is expected to increase during 2014-2016 driven by major infrastructure projects for the 2022 World Cup.
The QSE Index rose 0.9% led by gains in the Industrials and Real Estate indices. Gulf Warehousing Co. and Qatar General Insurance & Reinsurance Co. were the top gainers rising 5.5% and 4.9% respectively, while Ooredoo fell 3.0%. Trading volume rose 4.4% compared to the previous day but was 13.0% lower than the 30-day moving average. In Qatar news, falling oil prices are not expected to affect Qatar's rail projects and retail banking revenue in Qatar outperformed other GCC countries growing 12.5% in 2014.
The QE Index rose 1.3% to close at 13,020.3. Gains were led by the Consumer Goods & Services and Transportation indices, gaining 1.5% and 1.2%, respectively.
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.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...Donc Test
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
South Dakota State University degree offer diploma Transcriptynfqplhm
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The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
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.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
Mutual Fund Taxation – How Mutual Funds Are Taxeddhvikdiva
Divadhvik explains Mutual Fund Taxation clearly: Equity funds held over a year are taxed at 10% for gains over ₹1 lakh, while short-term gains are taxed at 15%. Debt funds held over three years are taxed at 20% post-indexation. Short-term gains are taxed as per your income slab.
1. Page 1 of 7
QSE Intra-Day Movement
Qatar Commentary
The QSE Index declined 2.3% to close at 12,353.3. Losses were led by the Insurance and Real Estate indices, declining 3.9% and 3.5%, respectively. Top losers were Gulf International Services and Qatar Insurance Co., falling 6.0% and 4.8%, respectively. Commercial Bank of Qatar was the only gainer which rose 0.6%.
GCC Commentary
Saudi Arabia: The TASI Index fell 1.8% to close at 8,625.3. Losses were led by the Petrochemical Ind. and Hotel & Tourism indices, falling 3.2% and 2.6%, respectively. Tawuniya fell 7.0%, while Yanbu National Petro. was down 6.0%.
Dubai: The DFM Index declined 3.5% to close at 3,888.8. The Financial & Investment Services index fell 4.5%, while the Telecom. index declined 4.2%. National Industries Group fell 9.8%, while Al Salam Group was down 8.7%.
Abu Dhabi: The ADX benchmark index fell 2.4% to close at 4,566.3. The Real Estate index declined 5.0%, while the Investment & Fin. Ser. index fell 3.7%. Methaq Takaful Ins. fell 9.5%, while Abu Dhabi Ship Building was down 7.1%.
Kuwait: The KSE Index fell 2.0% to close at 6,534.8. The Financial Services index declined 3.0%, while Technology index was down 2.8%. Gulf Franchising declined 12.5%, while Kuwait China Investment was down 9.1%.
Oman: The MSM Index fell 3.3% to close at 6,102.5. Losses were led by the Industrial and Financial indices, falling 3.6% and 3.4%, respectively. ONIC. Holding declined 9.7%, while Al Batinah Dev. Inv. Holding was down 9.4%.
Bahrain: The BHB Index declined 0.3% to close at 1,405.5. The Hotel & Tourism index fell 4.8%, while the Industrial index was down 1.9%. The Al Salam Bank – Bahrain declined 8.0%, while Gulf Hotel Group was down 6.8%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Commercial Bank of Qatar
69.30
0.6
95.3
17.5
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Ezdan Holding Group
16.16
(4.2)
2,017.7
(4.9) Mazaya Qatar Real Estate Dev. 20.20 (4.3) 1,758.7 80.7
Vodafone Qatar
16.80
(2.6)
1,534.3
56.9 Masraf Al Rayan 45.45 (1.7) 834.6 45.2
Barwa Real Estate Co.
45.20
(2.4)
802.9
51.7
Market Indicators 09 Dec 14 08 Dec 14 %Chg.
Value Traded (QR mn)
554.9
416.2
33.3 Exch. Market Cap. (QR mn) 678,102.2 692,007.5 (2.0)
Volume (mn)
11.7
7.0
65.8 Number of Transactions 6,904 4,261 62.0
Companies Traded
42
40
5.0 Market Breadth 1:40 13:25 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return
18,424.86
(2.3)
(3.1)
24.2
N/A All Share Index 3,158.78 (2.2) (2.9) 22.1 15.0
Banks
3,167.28
(1.2)
(2.2)
29.6
14.7 Industrials 4,100.96 (2.6) (3.1) 17.2 14.3
Transportation
2,287.40
(1.7)
(1.5)
23.1
13.4 Real Estate 2,414.39 (3.5) (4.4) 23.6 21.1
Insurance
3,569.28
(3.9)
(5.8)
52.8
10.9 Telecoms 1,408.10 (3.0) (2.1) (3.1) 19.5
Consumer
7,066.14
(2.5)
(3.2)
18.8
28.4 Al Rayan Islamic Index 4,198.41 (2.7) (3.1) 38.3 17.5
GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD%
Nat. Bank of Bahrain
Bahrain
0.85
3.7
4.7
22.3 Saudi Enaya Coop. Ins. Saudi Arabia 36.89 3.5 778.0 (8.5)
Gulf Pharmaceutical
Abu Dhabi
2.99
2.7
159.5
0.6 Saudi Arabian Mining Saudi Arabia 32.57 2.7 3,170.4 8.7
Saudi Cement
Saudi Arabia
101.90
1.6
65.8
0.4
GCC Top Losers## Exchange Close# 1D% Vol. ‘000 YTD%
Oman Cement Co.
Oman
0.53
(7.7)
731.2
(36.2) Co. for Coop. Ins. Saudi Arabia 54.68 (7.0) 2,947.8 55.3
Arabtec Holding Co.
Dubai
3.40
(6.6)
91,931.8
65.9 Abu Dhabi Islamic Bank Abu Dhabi 5.50 (6.0) 2,942.7 20.3
Gulf Int. Services
Qatar
93.10
(6.0)
547.2
90.8
Source: Bloomberg (# in Local Currency) (## GCC Top gainers/losers derived from the Bloomberg GCC 200 Index comprising of the top 200 regional equities based on market capitalization and liquidity) QSE Top Losers Close* 1D% Vol. ‘000 YTD%
Gulf International Services
93.10
(6.0)
547.2
90.8 Qatar Insurance Co. 81.60 (4.8) 137.3 53.4
Qatari Investors Group
40.80
(4.4)
139.9
(6.6) Al Meera Consumer Goods Co. 197.00 (4.4) 94.9 47.8
Mazaya Qatar Real Estate Dev.
20.20
(4.3)
1,758.7
80.7
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Gulf International Services
93.10
(6.0)
50,931.4
90.8 Industries Qatar 180.00 (2.1) 49,145.3 6.6
QNB Group
205.00
(1.0)
43,916.7
19.2 Islamic Holding Group 215.10 (1.3) 40,609.4 367.6
Masraf Al Rayan
45.45
(1.7)
37,864.0
45.2
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*
12,353.32
(2.3)
(3.1)
(3.2)
19.0
152.39
186,206.9
15.9
2.0
3.8 Dubai 3,888.79 (3.5) (6.8) (9.2) 15.4 399.47 88,679.0 12.0 1.4 5.1
Abu Dhabi
4,566.31
(2.4)
(2.9)
(2.3)
6.4
113.97
125,033.4
12.4
1.6
3.6 Saudi Arabia 8,625.31 (1.8) (3.7) 0.0 1.1 2,030.34 498,539.4 15.4 2.0 3.3
Kuwait
6,534.82
(2.0)
(3.6)
(3.2)
(13.4)
76.94
99,913.7
16.0
1.0
4.1 Oman 6,102.45 (3.3) (7.2) (6.2) (10.7) 23.79 23,463.0 8.6 1.3 4.7
Bahrain
1,405.52
(0.3)
(1.1)
(1.6)
12.5
2.29
53,735.9
10.2
0.9
4.8
Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
12,20012,30012,40012,50012,60012,7009:3010:0010:3011:0011:3012:0012:3013:00
2. Page 2 of 7
Qatar Market Commentary
The QSE Index declined 2.3% to close at 12,353.3. The Insurance and Real Estate indices led the losses. The index fell on the back of selling pressure from non-Qatari shareholders despite buying support from Qatari shareholders.
Gulf International Services and Qatar Insurance Co. were the top losers, falling 6.0% and 4.8%, respectively. Commercial Bank of Qatar was the only gainer which rose 0.6%.
Volume of shares traded on Tuesday rose by 65.8% to 11.7mn from 7.0mn on Monday. However, as compared to the 30-day moving average of 13.6mn, volume for the day was 14.3% lower. Ezdan Holding Group and Mazaya Qatar Real Estate Development were the most active stocks, contributing 17.3% and 15.1% to the total volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Earnings and Global Economic Data
Global Economic Data Date Market Source Indicator Period Actual Consensus Previous
12/09
US
US Census Bureau
NFIB Small Business Optimism
November
98.1
96.5
96.1 12/09 US US Census Bureau Wholesale Inventories MoM October 0.40% 0.20% 0.40%
12/09
US
Bloomberg
Wholesale Trade Sales MoM
October
0.20%
0.10%
0.00% 12/09 US Bloomberg IBD/TIPP Economic Optimism December 48.4 47.0 46.4
12/09
France
Ministry of the Economy
Budget Balance YTD
October
-84.7B
–
-80.5B 12/09 France Federal Statistical Off Trade Balance October -4,608M -4,900M -4,721M
12/09
Germany
Federal Statistical Off
Labor Costs WDA YoY
3Q2014
2.30%
–
1.90% 12/09 Germany Federal Statistical Off Labor Costs SA QoQ 3Q2014 0.20% – 1.00%
12/09
Germany
Federal Statistical Off
Trade Balance
October
21.9B
18.9B
22.1B 12/09 Germany Deutsche Bundesbank Current Account Balance October 23.1B 18.0B 23.7B
12/09
Germany
Deutsche Bundesbank
Exports SA MoM
October
-0.50%
-1.70%
5.50% 12/09 Germany Office for National Statist Imports SA MoM October -3.10% -1.70% 5.20%
12/09
UK
Office for National Statist
Industrial Production MoM
October
-0.10%
0.20%
0.60% 12/09 UK Office for National Statist Industrial Production YoY October 1.10% 1.80% 0.80%
12/09
UK
Office for National Statist
Manufacturing Production MoM
October
-0.70%
0.20%
0.60% 12/09 UK Office for National Statist Manufacturing Production YoY October 1.70% 3.20% 2.20%
12/09
Spain
Bank of Spain
INE House Price Index QoQ
3Q2014
0.20%
–
1.70% 12/09 Spain Bank of Spain INE House Price Index YoY 3Q2014 0.30% – 0.80%
12/09
Spain
Bank of Spain
6M T-Bill Amount Sold
9-December
€683.0M
–
€1,190.4M 12/09 Spain Bank of Spain 6M T-Bill Average Yield 9-December 0.28% – 0.21%
12/09
Spain
Bank of Spain
6M T-Bill Bid/Cover Ratio
9-December
5.0
–
3.3 12/09 Spain Bank of Spain 12M T-Bill Amount Sold 9-December €3,819.5M – €3,334.3M
12/09
Spain
Bank of Spain
12M T-Bill Average Yield
9-December
0.4
–
0.3 12/09 Spain Bank of Spain 12M T-Bill Bid/Cover Ratio 9-December 2.0 – 2.0
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
Overall Activity Buy %* Sell %* Net (QR)
Qatari
67.85%
56.39%
63,581,764.50 Non-Qatari 32.15% 43.61% (63,581,764.50)
3. Page 3 of 7
News
Qatar
QNB Group appoints Group CEO – QNB Group’s (QNBK) Board of Directors has appointed Mr. Ali Ahmad Al Kuwari as QNBK’s Group Chief Executive Officer effective from 9 December 2014. Mr. Al Kuwari held the position of Acting Group CEO since July 2013. (QSE)
OBG: Qatar cement demand is seen surging on construction boom – Oxford Business Group (OBG) in its latest Qatar report, citing the Ministry of Development Planning & Statistics data, said that the cement use is set to peak at 57mn tons over a four-year period up to 2017, driven by the construction sector. The country has two domestic producers of the material – Qatar National Cement Company (QNCD) and Al Khalij. QNCD, the larger among the two players with a domestic market share of around 70%, issued a tender for a new factory in April 2013 which is expected to be completed in 2015. Al Khalij also has plans to expand its capacity. The Qatar Primary Materials Company (QPMC) is also taking steps to facilitate imports and is working on a cement silo near its Mesaieed gabbro berths. The report said the consumption of other construction staples like gabbro – a rock aggregate used to make concrete is also set to rise. According to MDPS data, the state’s construction sector is set to use 265mn tons of the aggregate over the next few years. (Gulf-Times.com)
Qatar plans chicken farm IPO to resolve poultry meat shortage – Qatar government is planning to lease 5.7mn square meters of land to private investors to develop a chicken farm for investors to buy into in 2015. According to Investment House CEO Hashem Aqeel al-Aqeel, the farm backed by Qatari investors will have the capacity to produce 45mn kilograms (99mn pounds) of chicken meat by 2018. Investment House is a Doha-based bank that is an adviser on the project. Institutional investors committed QR750mn, and an IPO is possible as early as 2015. Qatar’s only existing poultry producer, the Arab Qatari Company is 40% owned by Hassad Food, the agricultural investment arm of the Qatar Investment Authority, the country’s sovereign wealth fund. (Bloomberg)
VFQS receives top global information security certification – Vodafone Qatar (VFQS) is the first telecommunications operator in Qatar and the region to be awarded the prestigious ISO 27001:2013 certification, demonstrating the strength of the company’s information security management systems and operations in Qatar. The ISO 27001:2013 certification, awarded by the British Standards Institution (BSI), sets the international standard for best practice management and enhancement of information security systems in telecommunications and other data-driven industries. (Bloomberg)
Ashghal: Part of Khalifa Street closed for maintenance – The Public Works Authority (Ashghal) said a part of Khalifa Street from Al Markhiya Intersection to Al Gharafa Intersection will be closed from December 11, 2014. The closure will be for two days and is part of the ongoing maintenance works. (Peninsula Qatar)
International
Job openings point to sustained US payroll gains – The US Labor market continued to show traction in October as job openings held near the highest level in almost 14 years and the number of people quitting and getting hired remained elevated. The Labor Department reported that the number of positions waiting to be filled rose by 149,000 to 4.83mn, the second- highest level since January 2001. Other reports showed small companies were becoming more optimistic and wholesalers
boosted stockpiles. Increasing help-wanted ads, hiring and resignations paint a more vibrant picture amid signs that the labor market is improving as the US economy picks up. The readings are among those tracked by Federal Reserve Chair Janet Yellen and her colleagues to help policy makers decide when the expansion is strong enough to raise interest rates. (Bloomberg)
BofA, Citi expect lower trading revenue in 4Q2014; US extends scrutiny of StanChart on sanctions compliance – According to recent presentations made at an investor conference in New York, Bank of America Corp (BofA) and Citigroup Inc (Citi) expect weaker trading revenue in 4Q2014. BofA said its sales and trading revenue are expected to fall from both 3Q2014 and a year earlier. BofA did not provide any numbers for the quarter. Meanwhile, Citigroup Inc CEO, Mike Corbat said that the bank’s market revenue will fall by about 5% as it will record $2.7bn in litigation expenses and another $800mn in repositioning charges, leaving the third-largest US bank "marginally profitable" in 4Q2014. Corbat's announcement at a New York investor conference was the second time in six weeks the bank has had to tack on a massive legal charge. The costs stemmed from government investigations into possible manipulation of foreign exchange markets, setting of LIBOR interest rates and lax compliance of money laundering rules. Past legal charges have foreshadowed settlements of cases. Before the announcement, analysts had expected Citigroup would make about $3.4bn in 4Q2014, instead of a small profit. Meanwhile, Standard Chartered (StanChart) will face another three years of scrutiny by US prosecutors for compliance with government sanctions against certain countries. The original deferred prosecution agreements, struck with the US Justice Department and the Manhattan district attorney over the bank's violations related to US sanctions on Iran and other countries, was due to expire on December 10. The agreement to extend the deals means that the bank will face enhanced oversight for a longer period of time and could be hit with harsher penalties. (Reuters)
ONS: UK October factory output slides – The UK’s industrial output unexpectedly fell in October as manufacturing was dragged down by a sharp fall in production of electronic products, following a strong September. The Office for National Statistics (ONS) said the output for industry overall fell 0.1% in October having jumped by a revised 0.7% in September. The manufacturing output tumbled 0.7% – its biggest monthly decline since May – hit by a 4.5% fall in computer, electronic and optical products. The ONS said pharmaceutical and chemical goods also weighed on the factory sector. An ONS official said there was no sign of significantly different levels of demand for British exports, which economists have said could be hit by the slowdown in the Eurozone. (Reuters)
German imports fall at fastest pace in almost two years – German imports posted their steepest drop in almost two years in October after a strong rise in September, while exports also fell, but economists remained upbeat about the prospects for Europe's largest economy. Seasonally-adjusted data from the Federal Statistics Office showed imports declining by 3.1% MoM, undershooting by far a consensus forecast for a 1.5% decrease. It was the sharpest fall since November 2012. Exports also dropped by 0.5% MoM, though that was a better reading than the 1.5% decline that a Reuters poll had forecasted. Exports rose to a record high of €103.9bn on an unadjusted basis, while imports also climbed to their highest level in two years. (Reuters)
4. Page 4 of 7
ECB: Falling oil price may push inflation below zero – European Central Bank (ECB) Executive Board member Peter Praet said falling oil prices could push the Eurozone inflation rate below zero, just as policy makers prepare to examine options for quantitative easing. Praet said given the dipping oil prices inflation may temporarily fall into the negative territory in the coming months. He further added that normally any central bank would prefer to look through a positive supply shock. After all, lower oil prices boost real incomes and may lead to higher output in the future. However, ECB may not have that luxury at present. The ECB intends to expand its balance sheet by as much as €1tn to flood the Eurozone with liquidity, and will review its current stimulus early in 2015. Plunging oil prices are putting further downward pressure on inflation that slowed to 0.3% in November, nudging the central bank toward the politically controversial path of large-scale government-bond buying. (Bloomberg)
China factory-gate deflation deepens as consumer prices slow – The factory-gate deflation in China deepened and consumer prices climbed at the slowest pace since 2009, signaling room for further monetary easing. The National Bureau of Statistics said the producer-price index dropped 2.7% YoY in November, compared with the median projection of a 2.4% decline in a Bloomberg survey. Consumer prices rose 1.4%, compared with the 1.6% increase in October. Falling oil and metals prices have cut costs for China’s factories, leading to lower export prices and adding to disinflation pressure across the world. China’s central bank cut interest rates for the first time in two years as the economy heads for its weakest full-year growth since 1990. (Bloomberg)
Regional
Arcadis to develop integrated water plan for Makkah – Arcadis has been awarded a major contract by the Saudi Arabian government to develop water, wastewater, treated sewage effluents and an asset management master plan for the region of Makkah. Under the 18-month contract, Arcadis will support the National Water Company (MCBU) in expanding and improving the city’s water supply and service. (GulfBase.com)
ICO: Saudi Arabia coffee market valued at SR15bn – According to statistics issued by the International Coffee Organization (ICO), coffee consumption has risen sharply in the Kingdom of Saudi Arabia with imports of 18,000 tons worth SR203mn. The growth in coffee processing has helped boost the Saudi market for cafes to a notable SR15bn. The report showed that 1.4bn cups of coffee are consumed a day worldwide. (GulfBase.com)
Dur Hospitality seeks financing for expansion – Saudi property & hotel developer Dur Hospitality Company is planning to tap financing from commercial banks as it expands in the Kingdom. Dur Hospitality’s CEO, Badr Albadr said that the company’s balance sheet is strong and under-leveraged, so the expansion will be done partially by company’s own cash flow. A bigger component will be from commercial bank loans. (Bloomberg)
Al Tayyar signs partnership deal with Amadeus – Al Tayyar Travel Group (Al Tayyar) has entered into an agreement with Amadeus, a global travel solutions provider to enhance its operational efficiencies with specially designed distribution services being provided to the group’s customers worldwide. Under the agreement, Al Tayyar will utilize the innovative Amadeus distribution technology to maintain its competitive edge in the tourism sector. (AmeInfo)
SAICO gets SAMA’s approval for insurance products – Saudi Arabian Cooperative Insurance Company (SAICO) has obtained the Saudi Arabian Monetary Agency’s (SAMA) temporary approval to use its insurance product. Approval has been given for the product ‘enhanced group personal accident and sickness insurance’ for six months starting from December 8, 2014. (Tadawul)
Fitch: Public spending offers favorable outlook for Saudi banks – Fitch Ratings stated the high public sector spending in the Kingdom will continue to offer a favorable macroeconomic outlook and business opportunities for Saudi banks in 2015. Saudi banks expanded their loan portfolios by an annualized 17.4% in 1H2014, as compared to 14% in 2013. Fitch, in its new special report, expects credit growth to remain strong in 2H2014 as well as in 2015. Despite the strong asset growth, Saudi banks continue to be well capitalized with an average core capital ratio of 16% during 1H2014. Their loan-to-deposit ratio is among the best in the region. However, Fitch said that given the growth in longer-term lending and that all banks have asset/liability maturity gaps, it believes the banks would benefit from diversifying their funding base by raising their long-term funding. (Reuters)
Bank of Sharjah plans to refinance $200mn loan – The Bank of Sharjah’s Executive Director, Varouj Nerguizian said that the UAE-based bank is planning to refinance a $200mn two-year loan maturing in 2015, with the hopes of benefitting from lower borrowing costs. Nerguizian stated the refinancing should be completed in 1Q2015, with the bank still to decide whether to raise the amount to $250mn and whether to extend the tenure on the new facility to 3-4 years. (Reuters)
AHG plans to spend AED2bn on Dubai projects – Al Habtoor Group (AHG) is planning to build two hotels, 74 homes and a polo club in Dubai in order to capitalize on the booming property market. The company, which is already constructing three hotels with 1,600 rooms in Dubai, will spend AED2bn on its new projects. The group is investing an overall AED15bn in Dubai on various projects to be completed by 2017-end. Although AHG has cast doubts over its plans for an imminent initial share sale, it expects revenues to more than double over the next five years helped by strong local economic growth. Reportedly, a number of local banks have been appointed to help arrange an initial public offering as 1Q2015, although Khalaf al-Habtoor indicated a deal might not be forthcoming any time soon. (GulfBase.com, Reuters)
Tiger Woods-designed golf course to be built in Dubai – Damac Properties has brought in renowned golfer Tiger Woods to design its new 18-hole championship golf course in Dubai, which will be operated by The Trump Organization. This update comes almost four years after another planned golf course was canceled in the wake of the city’s property market collapse. Damac said that the course will be a part of the Akoya Oxygen residential project and will include a clubhouse, restaurant and pro shop. The project is set to open by the end of 2017. (Bloomberg)
DEC urges to strengthen trade relationship with India – According to a report by the Dubai Economic Council (DEC), the Emirate should seek to establish its own bilateral trade and investment protection agreement with India, which is its top trading partner. The report outlined proposals for supporting sustainable economic growth. According to government data, the value of the Emirate’s foreign trade topped AED1.3tn in 2013, half of which was with Asia. According to HSBC, trade between the UAE and India reached $75bn in 2012-13, up from $43bn in 2009-10. The UAE is also India’s top export
5. Page 5 of 7
destination, accounting for more than 10% of exports. By 2030, India is expected to become the UAE’s top export destination and a bilateral agreement was signed last year to protect investments in both countries. (GulfBase.com)
Omniyat starts work on tower in Dubai Maritime City – Omniyat Group has begun work on a 48-storey tower in Dubai Maritime City. The developer valued the tower at AED600mn and predicted that it would be completed in 2017. Omniyat Group’s Chief Executive, Mahdi Amjad said the tower is 80-90% funded through equity from its shareholders, bank lending and off-plan sales. (Reuters)
Waha Capital to invest AED4bn across four sectors – Waha Capital is eyeing potential investments of up to AED4bn in infrastructure, energy, education and healthcare sectors, in order to build on its recent successful investments in AerCap and National Petroleum Services. The firm said that its investments in the oil, gas & energy sector may reach around AED2bn in the next two years, while investment in the power & infrastructure sector may touch AED1bn, and up to AED500mn has been assigned for both education and healthcare sectors. The firm forecasts that the average return on equity over the next three years will reflect significant improvement as compared to the average of the last three years. (GulfBase.com)
SAA CEO: Etihad may buy minority stake – According to South African Airways’ (SAA) Acting CEO, Nico Bezuidenhout, Etihad Airways could buy a minority stake in SAA. He said that a potential deal could also include closer commercial ties. The unprofitable airline is seeking to strengthen its commercial relationship with Etihad. (Bloomberg)
ADFG acquires New Scotland Yard for £370mn – Abu Dhabi Financial Group (ADFG) has bought London’s New Scotland Yard for £370mn. The alternative investment company has paid £120mn more than the original price estimate. The firm is planning to build homes on part of the site about half a mile away from the Buckingham Palace. (Bloomberg)
Dnata expects revenue to double from travel service companies – UAE-based Dnata’s President, Gary Chapman said that Dnata expects revenue contribution from its travel services companies to more than double in FY2014-15. Chapman said that travel services accounted for around 10% of its revenue, over a year ago. In FY2014-15, this revenue will be over 20% because of the new investments the company has made. Dnata’s division of travel service companies saw their revenue increase by 161% to AED873mn in the six months to September 30, 2014. The Emirates Group subsidiary has acquired assets in the UK including Stella Travel Services and Gold Medal Travel Group this year. (GulfBase.com)
KIPCO changes name to KAMCO Investment Company – KIPCO Asset Management Company’s shareholders have agreed to change the name of the company to KAMCO Investment Company. Shareholders at an extraordinary general assembly approved all resolutions on the agenda for KAMCO, which included modification of item no. 2 in the articles of association and item no. 1 in the memorandum of incorporation relating to the company’s commercial name. (GulfBase.com)
NBK: Kuwait records 7.7% YoY credit growth in September 2014 – According to the National Bank of Kuwait’s (NBK) economic report, the total credit in Kuwait grew 7.7% YoY, while a relatively large monthly gain was registered in September 2014. These gains were led by household credit and lending for the purchase of securities. Money supply (M2) growth dropped to its slowest pace in two years, as M2 shrank in September 2014 on declines in Kuwaiti Dinar time and FX deposits.
Household debt was up KD138mn, though growth continued to ease to 12.7% YoY. Credit to non-bank financials saw its largest monthly increase in five years as it gained by KD57mn. However, the sector, which has been deleveraging since 2009, saw its credit shrinking by 9.2% YoY. Securities lending gained by KD144mn with growth rising to 7.2% YoY. Other sources of growth were trade, real estate and industry, while some weakness came from a decline in the construction sector. (GulfBase.com)
Investment Dar eyes second debt-for-assets deal – Kuwait- based Investment Dar hopes to complete its second debt-for- assets deal with creditors by the end of March 2015. Investment Dar will circulate a draft framework for the deal next week, so that lenders can review the documentation and hold bilateral discussions with Investment Dar's adviser, before an all-creditor meeting on January 21, 2015. (Reuters)
NCSI: Oman registers 0.95% YoY inflation in November 2014 – According to a report issued by the National Center for Statistics & Information (NCSI), the rate of inflation in Oman stood at 0.95% in November 2014, when compared with November 2013. Additionally, inflation increased by 0.1% on a MoM basis. Food & non-alcoholic beverages rose by 1.2% on an annual basis, while housing, water, electricity, gas and others grew by 0.32%. Furnishings, household equipment & routine household maintenance grew by 6.23%. During November, education costs recorded an increase of 4.51%, while, health costs increased by 4.96% and communications costs rose by 5%. Hotel & restaurant costs rose marginally by 0.66%, while tobacco prices increased by 1.72%. The monthly increase in inflation is attributed to the rise of food & non-alcoholic beverages by 0.36%, while prices for housing, water, electricity, gas and other fuels rose by 0.03%. In addition, tobacco prices increased by 0.7%, transport costs rose by 0.06% and hotels & restaurants costs grew by 0.03%. On the other hand, costs of health declined by 0.04%, while communication costs declined by 0.02%. Recreation & culture prices declined by 0.03% and miscellaneous goods & services declined by 0.06%. (GulfBase.com)
DRA opens office in Oman – DRA, a South Africa-based engineering group, has opened an office in Oman. DRA is a multi-disciplinary engineering group that delivers mining, minerals processing and infrastructure services right from concept to commissioning along with comprehensive operations and maintenance service. (GulfBase.com)
OMPET to produce PET bottles in Sohar – Sohar Port & Freezone has signed a deal with Oman International Petrochemical Industry Company (OMPET) to build a fully renewable manufacturing facility that will produce 1.5mn tons of eco-friendly packaging materials. The plant will complement the port's existing petrochemicals supply chain and will feed into a global beverage industry that is currently valued at approximately $1.3tn. Under the agreement, OMPET will lease a 330,000-square-meter land at Sohar for the production of 250 kilotons of polyethylene terephthalate (PET), which is used to manufacture PET bottles. (GulfBase.com)
Sun Metals awards $400m steel plant contract to Posco E&C – Posco Engineering & Construction (Posco E&C), a unit of South Korean steelmaker Posco, has won a $400mn contract from Sun Metals to build a steelmaking and rolling mill plant at Sur industrial complex. The plant will have a capacity to manufacture 2.5mn tons of billets, steel bars and special steel. Work on the project and is likely to be completed by the middle of 2016. (GulfBase.com)
6. Page 6 of 7
SICO appoints COO, finance head – Securities & Investment Company (SICO) has announced new management appointments. Anantha Narayanan, who joined SICO in 2008 as the Head of Internal Audit, will be taking over as COO. Meanwhile, the company has appointed Wissam Haddad as the Head of Corporate Finance. (Bahrain Bourse)
7. Contacts
Saugata Sarkar Abdullah Amin, CFA Shahan Keushgerian
Head of Research Senior Research Analyst Senior Research Analyst
Tel: (+974) 4476 6534 Tel: (+974) 4476 6569 Tel: (+974) 4476 6509
saugata.sarkar@qnbfs.com.qa abdullah.amin@qnbfs.com.qa shahan.keushgerian@qnbfs.com.qa
Sahbi Kasraoui Ahmed Al-Khoudary QNB Financial Services SPC
Manager – HNWI Head of Sales Trading – Institutional Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6544 Tel: (+974) 4476 6548 PO Box 24025
sahbi.alkasraoui@qnbfs.com.qa ahmed.alkhoudary@qnbfs.com.qa Doha, Qatar
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It is not an offer, promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or financial advice. QNBFS accepts no liability
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Page 7 of 7
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
80.0
100.0
120.0
140.0
160.0
180.0
200.0
220.0
Nov-10 Nov-11 Nov-12 Nov-13 Nov-14
QSE Index S&P Pan Arab S&P GCC
(1.8%)
(2.3%)
(2.0%)
(0.3%)
(3.3%)
(2.4%)
(3.5%)
(4.2%)
(3.6%)
(3.0%)
(2.4%)
(1.8%)
(1.2%)
(0.6%)
0.0%
Saudi Arabia
Qatar
Kuwait
Bahrain
Oman
Abu Dhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD%
Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,230.92 2.3 3.2 2.1 MSCI World Index 1,721.97 (0.3) (1.0) 3.7
Silver/Ounce 17.09 4.4 4.9 (12.2) DJ Industrial 17,801.20 (0.3) (0.9) 7.4
Crude Oil (Brent)/Barrel (FM
Future)
66.84 1.0 (3.2) (39.7) S&P 500 2,059.82 (0.0) (0.7) 11.4
Crude Oil (WTI)/Barrel (FM
Future)
63.82 1.2 (3.1) (35.2) NASDAQ 100 4,766.47 0.5 (0.3) 14.1
Natural Gas (Henry Hub)/MMBtu 3.60 3.1 5.2 (17.1) STOXX 600 340.48 (1.7) (2.2) (6.8)
LPG Propane (Arab Gulf)/Ton 52.50 4.5 (9.1) (58.5) DAX 9,793.71 (1.6) (2.1) (7.9)
LPG Butane (Arab Gulf)/Ton 69.50 (0.7) (9.2) (48.8) FTSE 100 6,529.47 (1.9) (2.6) (8.4)
Euro 1.24 0.5 0.7 (10.0) CAC 40 4,263.94 (1.9) (2.7) (10.8)
Yen 119.69 (0.8) (1.5) 13.7 Nikkei 17,813.38 0.5 1.3 (3.7)
GBP 1.57 0.1 0.6 (5.4) MSCI EM 965.41 (1.2) (2.1) (3.7)
CHF 1.03 0.5 0.7 (8.1) SHANGHAI SE Composite 2,856.27 (5.6) (3.3) 32.0
AUD 0.83 (0.0) (0.3) (7.0) HANG SENG 23,485.83 (2.4) (2.2) 0.8
USD Index 88.69 (0.4) (0.7) 10.8 BSE SENSEX 27,797.01 (1.5) (2.5) 31.0
RUB 54.24 0.8 2.6 65.0 Bovespa 50,193.47 0.6 (3.6) (11.3)
BRL 0.39 0.3 (0.1) (8.8) RTS 857.51 (1.5) (5.6) (40.6)
177.5
135.1
124.5