The QE index in Qatar rose 0.2% led by gains in the telecom and banking indices. Ooredoo and Masraf Al Rayan were the top gainers while Doha Insurance and Medicare Group declined. Regional indices were mixed with Saudi Arabia down slightly but Dubai and Abu Dhabi up. Earnings news included Etisalat reporting a 5.9% rise in net profit and CBQK's net profit rising 2.4% quarter-on-quarter. Fitch upgraded Alternatifbank's ratings following its acquisition by CBQK.
The QE index in Qatar declined 0.9% led by losses in the Telecom and Industrial indices. Top losers were Gulf Warehousing Co. and Qatar Electricity & Water Co. The DFM index in Dubai gained 0.6% while the ADX index in Abu Dhabi fell 0.1%. Regional indices were mixed with Qatar declining 0.9%, Dubai up 0.6%, Abu Dhabi down 0.1%, and Oman down 0.3%. Trading volumes on the Qatar exchange fell 51.9% compared to the previous day.
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 0.4% led by gains in the transportation and telecom sectors. Qatar Electricity & Water Co. and Qatar Gas Transport Co. were the top gainers, while Al Ahli Bank fell 3.2%. Most other GCC markets fell except for Saudi Arabia and Oman. Earnings were reported from Dubai Refreshments Co., and global economic data was mixed with US factory orders beating estimates but economic optimism declining. In company news, Qatar established a new economic council and various Qatar companies set dates to disclose earnings. The US Fed adopted new Basel III rules to regulate banks while the BoE plans new bank capital rules.
QNBFS Daily Market Report January 11, 2022QNB Group
The document provides an intra-day market commentary and summary for the Qatari, GCC and global markets. Specifically:
- The QE Index in Qatar rose 0.4% led by gains in the Transportation and Industrials indices. Gulf International Services and Islamic Holding Group were the top gainers.
- Saudi Arabia's TASI index gained 0.9% led by the Media and Commercial sectors. Dubai's DFM index gained 0.3% while Abu Dhabi's ADX declined 0.3%. Kuwait and Oman's indices also ended higher.
- Regional indices were mixed with Qatar gaining while Abu Dhabi declined. Trading values declined in Qatar but rose
The QE index in Qatar declined 0.4% led by losses in the real estate and banking indices. Top losers were Doha Insurance and Mannai Corp. Volume traded declined compared to the previous day but was higher than the 30-day average. In other GCC markets, indices were mixed with Saudi Arabia down slightly while Kuwait gained. Earnings news included a 29.2% rise in QFLS net profit QoQ and QNB opening an office in China. Regional hotel occupancy in Qatar rose to 67% with continued growth in visitor numbers. Energy City Qatar is revising plans to become a mixed-use development.
The QSE Index in Qatar declined slightly, led by losses in the Industrials and Banks indices. Dlala Brokerage and Medicare Group were the top losers. Regional markets were mixed, with Saudi Arabia down but Dubai and Abu Dhabi up marginally. Globally, US and European manufacturing PMIs were mixed while construction spending rose in the US. In Qatar news, the central bank auctioned treasury bills and will protect banks' foreign investments, and UDCD signed a large financing deal with Qatari banks.
The QE index in Qatar declined 0.9% led by losses in the Telecom and Industrial indices. Top losers were Gulf Warehousing Co. and Qatar Electricity & Water Co. The DFM index in Dubai gained 0.6% while the ADX index in Abu Dhabi fell 0.1%. Regional indices were mixed with Qatar declining 0.9%, Dubai up 0.6%, Abu Dhabi down 0.1%, and Oman down 0.3%. Trading volumes on the Qatar exchange fell 51.9% compared to the previous day.
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 0.4% led by gains in the transportation and telecom sectors. Qatar Electricity & Water Co. and Qatar Gas Transport Co. were the top gainers, while Al Ahli Bank fell 3.2%. Most other GCC markets fell except for Saudi Arabia and Oman. Earnings were reported from Dubai Refreshments Co., and global economic data was mixed with US factory orders beating estimates but economic optimism declining. In company news, Qatar established a new economic council and various Qatar companies set dates to disclose earnings. The US Fed adopted new Basel III rules to regulate banks while the BoE plans new bank capital rules.
QNBFS Daily Market Report January 11, 2022QNB Group
The document provides an intra-day market commentary and summary for the Qatari, GCC and global markets. Specifically:
- The QE Index in Qatar rose 0.4% led by gains in the Transportation and Industrials indices. Gulf International Services and Islamic Holding Group were the top gainers.
- Saudi Arabia's TASI index gained 0.9% led by the Media and Commercial sectors. Dubai's DFM index gained 0.3% while Abu Dhabi's ADX declined 0.3%. Kuwait and Oman's indices also ended higher.
- Regional indices were mixed with Qatar gaining while Abu Dhabi declined. Trading values declined in Qatar but rose
The QE index in Qatar declined 0.4% led by losses in the real estate and banking indices. Top losers were Doha Insurance and Mannai Corp. Volume traded declined compared to the previous day but was higher than the 30-day average. In other GCC markets, indices were mixed with Saudi Arabia down slightly while Kuwait gained. Earnings news included a 29.2% rise in QFLS net profit QoQ and QNB opening an office in China. Regional hotel occupancy in Qatar rose to 67% with continued growth in visitor numbers. Energy City Qatar is revising plans to become a mixed-use development.
The QSE Index in Qatar declined slightly, led by losses in the Industrials and Banks indices. Dlala Brokerage and Medicare Group were the top losers. Regional markets were mixed, with Saudi Arabia down but Dubai and Abu Dhabi up marginally. Globally, US and European manufacturing PMIs were mixed while construction spending rose in the US. In Qatar news, the central bank auctioned treasury bills and will protect banks' foreign investments, and UDCD signed a large financing deal with Qatari banks.
The QE index in Qatar declined 0.4% led by losses in the telecom and real estate indices. Ezdan Holding Group and Ooredoo were the top losers falling 3.4% and 3.0% respectively. In other GCC markets, indices in Saudi Arabia and Dubai fell while Abu Dhabi and Kuwait rose marginally. Global economic data showed mixed signals with UK unemployment falling but wages and Spanish home sales rising less than expected.
The QE index rose 0.5% to close at 10,436.5 led by gains in the real estate and telecom indices. Barwa Real Estate Co. and Qatar General Ins. & Rein. Co. were the top gainers rising 3.3% and 3.1% respectively, while Qatar German Co. for Med. Dev. fell 1.8% and Qatar Navigation declined 1.5%. Trading volume on the Qatar Exchange declined 37.2% compared to the previous day. Regionally, indices in Dubai, Abu Dhabi and Saudi Arabia rose between 0.9-1.4% while Kuwait and Bahrain indices gained around 0.1-0.2%.
The QE index in Qatar rose 0.2% led by gains in the industrial and banking indices. Gulf International Services and Qatar German Co. for Med. Dev. were the top gainers rising 2% and 1.6% respectively, while Qatar Industrial Manufacturing fell 1.8%. Trading volume declined 49.8% from the previous day. In company news, Qatar Holding purchased NYSE Euronext's 12% stake in the Qatar Exchange, and the Commercial Bank of Qatar acquired a further 3.4% stake in Alternatifbank.
QNBFS Daily Market Report January 26, 2022QNB Group
The QE Index rose 0.2% to close at 12,548.5. Gains were led by the Transportation and Banks & Financial Services indices, gaining 1.3% and 0.3%, respectively.
The 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.
QNBFS Daily Market Report September 24, 2018QNB Group
The QSE Index rose marginally to close at 9,768.9, led by gains in the Banks & Financial Services and Insurance indices. Top gainers were Al Khaleej Takaful Insurance Company and Doha Bank, while top losers were Dlala Brokerage & Investment Holding Company and Gulf Warehousing Company. Trading activity fell compared to the previous day, with Mesaieed Petrochemical Holding Company and Vodafone Qatar being the most active stocks. Regional indices were mixed with Saudi Arabia, Bahrain, and Abu Dhabi rising while Dubai, Kuwait, Oman declined.
Major stock indices in Qatar and other GCC countries declined significantly on Sunday. The QSE index in Qatar fell 5.2% as the telecom and real estate indices dropped sharply. Stock markets in Saudi Arabia, Dubai, Abu Dhabi, Kuwait, and Oman also witnessed declines, ranging from 0.4% in Bahrain to 6.9% in Saudi Arabia. Volume of shares traded on the Qatari stock exchange increased by over 20% compared to the previous day.
The QE Index rose 2.5% to close at 13,272.4. Gains were led by the Banks & Financial Services and Telecoms indices, gaining 4.7% and 1.7%, respectively.
The daily market report provided an overview of market activity in Qatar, GCC countries, and global economic data. In Qatar, the QE Index rose 2.3% led by gains in banks and transportation stocks. Volume traded increased 120.9% from the previous day. QNB Group and Salam International were the top gainers while Ahli Bank fell the most. In other GCC countries, stock markets in Saudi Arabia, Dubai, and Abu Dhabi rose while Kuwait's market was closed. Earnings releases were provided for companies in Saudi Arabia, Dubai, and India. The earnings calendar listed upcoming earnings dates for Qatari companies.
The 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 rose 0.2% led by gains in the insurance and industrial indices. Islamic Holding Group and Gulf International Services were the top gainers rising 10% and 7.1% respectively. Mesaieed Petrochemical declined 4.1%. Regional indices were mixed with Saudi Arabia down 0.4% while Dubai rose 2.7%. In Qatar news, deposit growth outpaced loan growth in February and the country is expected to sign $50 billion in construction contracts in 2014 for World Cup infrastructure. The $6.5 billion Al Karaana petrochemical project is targeting Asian markets.
The document provides an overview of stock market activity and indices across Qatar and other GCC countries on April 2nd. In Qatar, the QE index rose 0.3% led by gains in the insurance and transportation sectors. Qatar & Oman Investment Co. and Qatar National Cement Co. were the top gainers. Regional indices were mixed with Saudi Arabia and Bahrain rising while Oman fell. Economic data and company ratings updates are also provided.
QNBFS Daily Market Report February 21, 2022QNB Group
The QE Index declined 0.5% to close at 12,668.1. Losses were led by the Consumer Goods & Services and Banks & Financial Services indices, falling 0.9% and 0.7%, respectively.
QNBFS Daily Market Report September 18, 2017QNB Group
The QSE Index declined 0.4% to close at 8,375.2. Losses were led by the Real Estate and Consumer Goods & Services indices, falling 1.1% and 0.9%, respectively.
The QE index in Qatar declined 1.2% led by losses in the telecom and banking indices. Top losers were Medicare Group and QNB Group. Regional indices were mixed with Saudi Arabia and Bahrain rising while Dubai and Kuwait declined. Globally, US initial jobless claims declined while housing starts rose above estimates. The Qatar Central Bank sent draft Basel III capital rules to banks and Ashghal plans to complete an effluent plant by 4Q2013.
The QE index in Qatar declined slightly by 0.1% led by losses in the insurance and banking indices. Qatar General Insurance and Qatar Electricity & Water were the top losers falling 3.7% and 1.5% respectively. Trading activity on the Qatar exchange declined compared to the previous day and 30-day average. Meanwhile, indices in other Gulf markets mostly rose, with Saudi Arabia's TASI up 1% and Dubai's DFM rising 1.8%.
The QE index in Qatar declined 0.4% led by losses in the telecom and real estate indices. Ezdan Holding Group and Ooredoo were the top losers falling 3.4% and 3.0% respectively. In other GCC markets, indices in Saudi Arabia and Dubai fell while Abu Dhabi and Kuwait rose marginally. Global economic data showed mixed signals with UK unemployment falling but wages and Spanish home sales rising less than expected.
The QE index rose 0.5% to close at 10,436.5 led by gains in the real estate and telecom indices. Barwa Real Estate Co. and Qatar General Ins. & Rein. Co. were the top gainers rising 3.3% and 3.1% respectively, while Qatar German Co. for Med. Dev. fell 1.8% and Qatar Navigation declined 1.5%. Trading volume on the Qatar Exchange declined 37.2% compared to the previous day. Regionally, indices in Dubai, Abu Dhabi and Saudi Arabia rose between 0.9-1.4% while Kuwait and Bahrain indices gained around 0.1-0.2%.
The QE index in Qatar rose 0.2% led by gains in the industrial and banking indices. Gulf International Services and Qatar German Co. for Med. Dev. were the top gainers rising 2% and 1.6% respectively, while Qatar Industrial Manufacturing fell 1.8%. Trading volume declined 49.8% from the previous day. In company news, Qatar Holding purchased NYSE Euronext's 12% stake in the Qatar Exchange, and the Commercial Bank of Qatar acquired a further 3.4% stake in Alternatifbank.
QNBFS Daily Market Report January 26, 2022QNB Group
The QE Index rose 0.2% to close at 12,548.5. Gains were led by the Transportation and Banks & Financial Services indices, gaining 1.3% and 0.3%, respectively.
The 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.
QNBFS Daily Market Report September 24, 2018QNB Group
The QSE Index rose marginally to close at 9,768.9, led by gains in the Banks & Financial Services and Insurance indices. Top gainers were Al Khaleej Takaful Insurance Company and Doha Bank, while top losers were Dlala Brokerage & Investment Holding Company and Gulf Warehousing Company. Trading activity fell compared to the previous day, with Mesaieed Petrochemical Holding Company and Vodafone Qatar being the most active stocks. Regional indices were mixed with Saudi Arabia, Bahrain, and Abu Dhabi rising while Dubai, Kuwait, Oman declined.
Major stock indices in Qatar and other GCC countries declined significantly on Sunday. The QSE index in Qatar fell 5.2% as the telecom and real estate indices dropped sharply. Stock markets in Saudi Arabia, Dubai, Abu Dhabi, Kuwait, and Oman also witnessed declines, ranging from 0.4% in Bahrain to 6.9% in Saudi Arabia. Volume of shares traded on the Qatari stock exchange increased by over 20% compared to the previous day.
The QE Index rose 2.5% to close at 13,272.4. Gains were led by the Banks & Financial Services and Telecoms indices, gaining 4.7% and 1.7%, respectively.
The daily market report provided an overview of market activity in Qatar, GCC countries, and global economic data. In Qatar, the QE Index rose 2.3% led by gains in banks and transportation stocks. Volume traded increased 120.9% from the previous day. QNB Group and Salam International were the top gainers while Ahli Bank fell the most. In other GCC countries, stock markets in Saudi Arabia, Dubai, and Abu Dhabi rose while Kuwait's market was closed. Earnings releases were provided for companies in Saudi Arabia, Dubai, and India. The earnings calendar listed upcoming earnings dates for Qatari companies.
The 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 rose 0.2% led by gains in the insurance and industrial indices. Islamic Holding Group and Gulf International Services were the top gainers rising 10% and 7.1% respectively. Mesaieed Petrochemical declined 4.1%. Regional indices were mixed with Saudi Arabia down 0.4% while Dubai rose 2.7%. In Qatar news, deposit growth outpaced loan growth in February and the country is expected to sign $50 billion in construction contracts in 2014 for World Cup infrastructure. The $6.5 billion Al Karaana petrochemical project is targeting Asian markets.
The document provides an overview of stock market activity and indices across Qatar and other GCC countries on April 2nd. In Qatar, the QE index rose 0.3% led by gains in the insurance and transportation sectors. Qatar & Oman Investment Co. and Qatar National Cement Co. were the top gainers. Regional indices were mixed with Saudi Arabia and Bahrain rising while Oman fell. Economic data and company ratings updates are also provided.
QNBFS Daily Market Report February 21, 2022QNB Group
The QE Index declined 0.5% to close at 12,668.1. Losses were led by the Consumer Goods & Services and Banks & Financial Services indices, falling 0.9% and 0.7%, respectively.
QNBFS Daily Market Report September 18, 2017QNB Group
The QSE Index declined 0.4% to close at 8,375.2. Losses were led by the Real Estate and Consumer Goods & Services indices, falling 1.1% and 0.9%, respectively.
The QE index in Qatar declined 1.2% led by losses in the telecom and banking indices. Top losers were Medicare Group and QNB Group. Regional indices were mixed with Saudi Arabia and Bahrain rising while Dubai and Kuwait declined. Globally, US initial jobless claims declined while housing starts rose above estimates. The Qatar Central Bank sent draft Basel III capital rules to banks and Ashghal plans to complete an effluent plant by 4Q2013.
The QE index in Qatar declined slightly by 0.1% led by losses in the insurance and banking indices. Qatar General Insurance and Qatar Electricity & Water were the top losers falling 3.7% and 1.5% respectively. Trading activity on the Qatar exchange declined compared to the previous day and 30-day average. Meanwhile, indices in other Gulf markets mostly rose, with Saudi Arabia's TASI up 1% and Dubai's DFM rising 1.8%.
The QE index in Qatar 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 QE index in Qatar declined 2.3% led by losses in the transportation and real estate indices. Top losers were Qatar Cinema & Film Dist. Co. and Islamic Holding Group, falling 8.7% and 8.4% respectively, while Qatar General Ins. & Rein. Co. rose 1.2%. Trading volume on the Qatar exchange rose 55.7% compared to the 30-day average. Regional indices were mixed with Saudi Arabia up 0.4% while Oman fell 3.0%.
The document reports on intra-day stock market movements and news from Qatar, GCC countries, and global economic indicators. It provides details on index changes, the most active stocks and top gainers/losers. It also summarizes company earnings reports and notes planned infrastructure developments and increased flight frequencies by Qatar Airways.
The QE index in Qatar declined marginally to close at 9,367.5, led by losses in the Telecom and Real Estate indices. Top losers were Qatar Industrial Manufacturing Co. and Qatar German Co. for Med. Dev., falling 1.1% each, while top gainers included Qatar Cinema & Film Dist. Co., rising 5.3%. Regional indices were mixed with Saudi Arabia down 0.5% but Kuwait up 0.7%; other news included Qatar Central Bank issuing QR4 billion in T-bills and Ooredoo announcing bond interest payments.
The QE index in Qatar declined 1.8% led by losses in the Transportation and Banking & Financial Services indices. Qatar General Ins. & Rein. Co. and Qatari Investors Group were the top losers falling 4.7% and 4.4% respectively. Regional indices also declined except for Oman which gained marginally and Bahrain which was flat. Volume on the Qatar exchange rose 117.2% compared to the previous day.
The QE index in Qatar rose 0.9% led by gains in the banking and transportation sectors. QNB Group and Qatar German Co. for Med. Dev. were the top gainers, rising 3.0% and 1.4% respectively, while Qatar Cinema & Film Dist. Co. fell 3.3%. Trading volume rose 12.1% compared to the previous day. Regional indices were mixed with Dubai falling 2.3% and Saudi Arabia declining 0.2%, while Oman gained 0.1%.
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 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 QE index in Qatar rose 0.4% led by gains in the Industrials and Telecoms indices. Regionally, indices were mixed with Saudi Arabia and Kuwait rising while Dubai fell. Top gainers in Qatar were Qatar Electricity & Water and Gulf International, while top losers were Islamic Holding Group and Ezdan Holding. Trading volume on the QE rose over 60% but was below the 30-day average.
- The daily market report provides an overview of market performance and indicators for Qatar, GCC countries, and top gainers/losers.
- In Qatar, the QE index fell 0.2% led by declines in the real estate and telecom indices. Top losers were Islamic Holding Group and Salam International Inv. Co.
- Market performance was mixed across GCC countries with indexes falling in Saudi Arabia, Dubai, and Kuwait but relatively flat in Oman and Abu Dhabi.
The QE index in Qatar rose 0.3% led by gains in the telecom and insurance indices. Dlala Brok. & Inv. Holding Co. and Ooredoo were the top gainers, while Islamic Holding Group and Al Meera Consumer Goods Co. declined. Volume traded was lower than the 30-day average. In other GCC markets, Saudi Arabia and Abu Dhabi rose while Kuwait fell. Global economic data showed higher than expected US consumer credit and small business optimism, while UK industrial production was flat.
The QE index in Qatar rose 1.2% led by gains in the telecom and consumer goods indices. Regional markets were also mostly higher with Saudi Arabia up 0.8% and Dubai up 0.2%. Earnings news was reported from various companies such as Masraf Al Rayan in Qatar reporting a 13.3% rise in net profit.
The QE index in Qatar rose 0.4% led by gains in the telecom and insurance indices. Qatar General Insurance and Mannai Corp. were the top gainers rising 5.5% and 2.7% respectively, while United Development Co. fell 6.3%. Regional indices were mixed with Saudi Arabia and Dubai rising while Abu Dhabi and Oman fell. Earnings news saw QEWS report a 117% rise in 2Q2013 net profit.
The QE index in Qatar declined 0.2% led by losses in the real estate and insurance indices. Losses were seen in Qatar General Insurance and Doha Insurance, while gains were seen in Qatar Industrial Manufacturing and Qatar National Cement. Trading volumes declined compared to previous days. Indices were mixed for other Gulf markets, with gains seen in Abu Dhabi and Oman, while losses were seen in Saudi Arabia and Kuwait.
The QE index in Qatar fell 0.1% led by declines in the telecom and industrial indices. Top losers were Dlala Brok. & Inv. Holding Co. and Al Khaleej Takaful Group, falling 10.0% and 6.9% respectively. Meanwhile, the TASI index in Saudi Arabia rose 0.4% with gains in the retail and food sectors. Trading volumes on the Qatar Exchange rose by 1.6% compared to the previous day.
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.
619 635 qnbfs_daily_marketreportjan072013QNB Group
The QE index in Qatar rose 0.8% led by gains in the Industrials and Real Estate indices. Top gainers were Gulf International Services and Industries Qatar, rising 2.8% each. Top losers were Qatar Cinema & Film Dist. Co falling 3.6% and Al Ahli Bank declining 1.3%. Trading volume rose 6.9% compared to the previous day. Non-Qatari shareholders were net buyers while Qatari shareholders were net sellers. Several companies announced earnings or postponed board meetings to discuss financial results. The IMF warned that unresolved debt issues in the US and Europe threaten global growth.
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 QSE Index declined 0.2% led by losses in the Insurance and Transportation indices. Qatar General Insurance and Ahli Bank were the top losers falling 7.2% and 4.7% respectively, while Dlala' Brokerage rose 2.7% and Medicare Group rose 1.8%. Trading volume fell 47.7% compared to the previous day. Regional markets were mixed with Saudi and Oman rising while Kuwait and Bahrain fell. Earnings releases from regional companies showed revenue declines but some growth in net profits. News articles discussed plans to boost Qatar's cruise tourism industry and the view that Qatar's sovereign wealth fund and debt market access cushion the impact of lower oil prices on the economy.
The QE index in Qatar declined 0.2% led by losses in the Telecom and Banking indices. Ooredoo and Qatar Islamic Bank were the top losers. Meanwhile, indices in other Gulf markets rose, with Dubai gaining 2.0% and Saudi Arabia up 0.7%. Regional market commentary provided updates on index movements and major gainers and losers in Qatar, Saudi Arabia, Dubai, Abu Dhabi, Kuwait, and Oman. Earnings releases and news items from Qatar and the region were also summarized.
The QE index in Qatar rose 1.3% led by gains in the transportation and real estate indices. Al Khalij Commercial Bank and Ezdan Holding Group were the top gainers rising 10.0% and 9.9% respectively. Volume traded fell by 2.7% but was 133.1% higher than the 30-day moving average. Qatar Gas Transport Co. and Vodafone Qatar were the most active stocks. KCBK reported a 28.5% drop in 1Q2014 net profit year-over-year mainly due to lower fees and commissions and muted investment income, despite a 12.4% rise in net interest income. Qatar Gas Transport expanded its LNG fleet through a joint
The QE index in Qatar declined 0.3% led by losses in the Insurance and Telecom indices. Qatar General Insurance and Widam Food were the top losers falling 6.4% and 2.1% respectively. Trading volume declined 46.5% compared to the previous day. In other GCC markets, the indices in Saudi Arabia and Dubai fell slightly while Abu Dhabi and Kuwait rose marginally.
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.
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.
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 rose 0.1% led by gains in the real estate and telecom indices. Al Khaliji and Zad Holding Co. were the top gainers rising 3.8% and 2.7% respectively, while Qatar Gas Transport Co. fell 2.9%. Regional indices were mixed with Abu Dhabi rising 0.1% while Saudi Arabia fell 0.3%. Trading activity on the Qatar Exchange declined 27.7% in volume terms day-over-day.
The QE index rose 0.5% to close at 9,841.3, led by gains in the Industrials and Banking & Financial Services indices. Doha Bank and Islamic Holding Group were the top gainers, while Qatar General Ins. & Rein. Co. and Qatar & Oman Investment Co. declined the most. Trading volume rose 0.3% compared to the previous day but fell 13.5% from the 30-day average. Regional indices were mixed with Saudi Arabia and Oman rising while Dubai and Abu Dhabi fell. In earnings news, National Central Cooling Co. reported a 0.9% rise in revenue for 3Q2013 while Dana Gas' revenue increased
The QSE Index gained 1.0% led by the Real Estate and Telecoms indices. Top gainers were Doha Insurance and Medicare Group. Regional markets were mixed with Saudi and Dubai rising while Abu Dhabi fell. Global economic data showed existing US home sales declined more than expected in August while UK house prices rose.
The QE Index declined 0.4% to close at 10,505.3. Losses were led by the Banks & Financial Services and Insurance indices, falling 1.1% and 0.7%, respectively.
QNBFS Daily Market Report December 28, 2021QNB Group
The QE Index declined 0.3% to close at 11,619.6. Losses were led by the Real Estate and Consumer Goods & Services indices, falling 0.8% and 0.4%, respectively
QNBFS Daily Market Report December 21, 2021QNB Group
The QE Index declined 0.2% to close at 11,658.5. Losses were led by the Real Estate and Consumer Goods & Services indices, falling 1.1% and 0.9%, respectively.
QNBFS Daily Market Report August 09, 2016QNB Group
The QSE Index rose 1.2% led by gains in the Banks & Financial Services and Telecoms indices. Vodafone Qatar and United Development Co. were the top gainers rising 6.0% and 3.6% respectively, while Doha Insurance Co. fell 4.5%. Regional markets were mixed with Saudi Arabia and Kuwait rising while Dubai and Bahrain fell. Company earnings news included MERS reporting a 7.2% rise in net profit for 2Q2016 and Doha Insurance reporting a loss versus a profit in the previous period.
The QE Index in Qatar declined slightly, led by losses in the transportation and real estate sectors. Volume traded was lower than the 30-day average. In other GCC markets, Saudi Arabia fell but Kuwait and Bahrain rose slightly. Economic data releases from the US, EU, and Italy were mixed. Qatar news included the QE announcing a review of its index methodology, raising of loan limits by the central bank, and several company announcements.
The document provides an intra-day market summary and commentary for the Qatar Stock Exchange and other GCC exchanges. It summarizes that the QSE index declined 0.3% led by losses in the insurance and telecom indices. Top losers were Qatar General Insurance and Dlala Brokerage. Top gainers included Ezdan Holding Group and Doha Insurance Co. Trading volume on the QSE rose 25.4% compared to the previous day. The document also provides brief summaries for other GCC exchanges in Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain.
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.
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.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
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.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic DataChampak Jhagmag
In this presentation, we will explore the rise of generative AI in finance and its potential to reshape the industry. We will discuss how generative AI can be used to develop new products, combat fraud, and revolutionize risk management. Finally, we will address some of the ethical considerations and challenges associated with this powerful technology.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
"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.
Independent Study - College of Wooster Research (2023-2024)
23 July Technical Market Report
1. Page 1 of 5
QE Intra-Day Movement
Qatar Commentary
The QE index rose 0.2% to close at 9,671.8. Gains were led by the Telecom
and Banking & Financial Services indices, gaining 2.1% and 0.1% respectively.
Top gainers were Ooredoo and Masraf Al Rayan, rising 2.6% and 2.0%
respectively. Among the top losers, Doha Insurance Co. fell 2.3%, while
Medicare Group declined 1.3%.
GCC Commentary
Saudi Arabia: The TASI index declined 0.1% to close at 7,800.9. Losses were
led by the Hotel & Tourism and Retail indices, declining 3.7% and 0.5%
respectively. Al-Tayyar Travel Group declined 5.4%, while Allied Cooperative
Insurance Group was down 4.7%.
Dubai: The DFM index gained 0.5% to close at 2,561.4. The Banking index
rose 1.2%, while the Investment & Financial Services index was up 1.0%.
Drake & Scull Int. gained 8.4%, while Tamweel was up 8.3%.
Abu Dhabi: The ADX benchmark index rose 0.7% to close at 3,891.2. The
Real Estate index gained 3.2%, while the Energy index was up 2.2%. National
Bank of Umm Al-Qaiwain surged 14.0%, while Gulf Cement Co. rose 10.8%.
Kuwait: The KSE index gained 0.1% to close at 8,046.6. The Consumer
Services index rose 1.0%, while the Consumer Goods index was up 0.9%.
Burgan Co. for Well Drilling gained 9.3%, while IFA Hotels & Resorts rose
6.7%.
Oman: The MSM index was close on July 23, 2013.
Bahrain: The BHB index declined marginally to close at 1,185.1. The Services
index was down 0.3% while all other sub-indices ended in green. Al Salam
Bank declined 2.0%, while Bahrain Telecommunications Co. fell 0.6%.
Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD%
Ooredoo 133.40 2.6 121.7 28.3
Masraf Al Rayan 28.30 2.0 1,640.1 14.2
Qatar Islamic Insurance 61.00 1.2 2.9 (1.6)
Dlala Brok. & Inv. Holding Co. 27.30 0.7 6.7 (12.2)
Doha Bank 48.45 0.7 512.4 4.5
Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD%
Masraf Al Rayan 28.30 2.0 1,640.1 14.2
Doha Bank 48.45 0.7 512.4 4.5
Qatar Gas Transport Co. 18.30 (0.2) 411.3 19.9
United Development Co. 23.18 (0.4) 353.9 30.2
Vodafone Qatar 9.09 (1.2) 214.4 8.9
Market Indicators 23 July 13 22 July 13 %Chg.
Value Traded (QR mn) 233.4 307.1 (24.0)
Exch. Market Cap. (QR mn) 530,441.30 530,131.9 0.1
Volume (mn) 5.3 5.8 (8.7)
Number of Transactions 3,146 3,875 (18.8)
Companies Traded 40 39 2.6
Market Breadth 13:23 29:10 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 13,818.85 0.2 1.3 22.2 N/A
All Share Index 2,441.63 0.1 1.1 21.2 13.1
Banks 2,331.46 0.1 1.3 19.6 12.2
Industrials 3,214.74 (0.1) 0.1 22.4 12.0
Transportation 1,707.74 (0.4) 1.3 27.4 11.7
Real Estate 1,875.66 (0.2) 0.2 16.4 12.0
Insurance 2,224.74 (0.2) (1.7) 13.3 15.7
Telecoms 1,387.40 2.1 5.0 30.3 15.8
Consumer 5,713.27 (0.7) 2.1 22.3 23.3
Al Rayan Islamic Index 2,860.99 0.1 0.7 15.0 14.1
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
NBQ Abu Dhabi 3.42 14.0 3.9 84.9
Drake & Scull Int. Dubai 1.16 8.4 258,616.0 64.8
IFA Hotels & Resorts Kuwait 0.64 6.7 0.1 45.5
Atheeb Communication Saudi Arabia 15.15 4.8 14,132.2 18.4
Dana Gas Abu Dhabi 0.66 4.8 32,306.2 46.7
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
Al Tayyar Travel Group Saudi Arabia 83.00 (5.4) 2,006.0 96.8
Saudi Int. Petrochem. Saudi Arabia 24.15 (3.0) 651.1 26.4
RAKBANK Abu Dhabi 6.75 (2.9) 1.0 81.0
Comm. Bank of Kuwait Kuwait 0.69 (2.8) 10.0 (2.8)
Al Mouwasat Med. Ser. Saudi Arabia 76.25 (2.6) 160.0 41.9
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%
Doha Insurance Co. 25.90 (2.3) 1.8 5.5
Medicare Group 47.05 (1.3) 171.8 31.8
Vodafone Qatar 9.09 (1.2) 214.4 8.9
Al Ahli Bank 56.00 (1.1) 5.6 14.3
Qatar Fuel Co. 265.20 (1.0) 22.4 20.5
Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD%
Masraf Al Rayan 28.30 2.0 46,099.5 14.2
Doha Bank 48.45 0.7 24,859.1 4.5
QNB Group 169.10 (0.4) 19,818.4 29.2
Industries Qatar 164.80 0.0 16,244.6 16.9
Ooredoo 133.40 2.6 16,082.2 28.3
Source: Bloomberg (* in QR)
Regional Indices Close 1D% WTD% MTD% YTD%
Exch. Val. Traded
($ mn)
Exchange Mkt.
Cap. ($ mn)
P/E** P/B**
Dividend
Yield
Qatar* 9,671.84 0.2 1.3 4.3 15.7 64.09 145,659.2 12.1 1.7 4.8
Dubai 2,561.44 0.5 2.6 15.2 57.9 217.53 63,876.1 16.1 1.0 3.1
Abu Dhabi 3,891.23 0.7 1.8 9.6 47.9 105.52 111,879.7 11.7 1.4 4.5
Saudi Arabia 7,800.92 (0.1) 1.7 4.1 14.7 1,463.13 412,546.0 16.3 2.0 3.7
Kuwait 8,046.64 0.1 1.3 3.5 35.6 114.60 110,809.6 23.2 1.3 3.5
Oman * 6,631.79 N/A 0.1 4.6 15.1 N/A 22,937.2 10.9 1.7 4.1
Bahrain 1,185.10 (0.0) (0.3) (0.2) 11.2 0.42 21,199.5 8.4 0.8 4.1
Source: Bloomberg, Qatar Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any) (*Data as July 22)
9,630
9,640
9,650
9,660
9,670
9,680
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00
2. Page 2 of 5
Qatar Market Commentary
The QE index rose 0.2% to close at 9,671.8. The Telecom and
Banking & Financial Services indices led the gains. The index
rose on the back of buying support from non-Qatari shareholders
despite selling pressure from Qatari shareholders.
Ooredoo and Masraf Al Rayan were the top gainers, rising 2.6%
and 2.0% respectively. Among the top losers, Doha Insurance
Co. fell 2.3%, while Medicare Group declined 1.3%.
Volume of shares traded on Tuesday declined by 8.7% to 5.3mn
from 5.8mn on Monday. Further, as compared to the 30-day
moving average of 7.2mn, volume for the day was 26.3% lower.
Masraf Al Rayan and Doha Bank were the most active stocks,
contributing 30.8% and 9.6% to the total volume respectively.
Source: Qatar Exchange (* as a % of traded value)
Earnings and Global Economic Data
Earnings Releases
Company Market Currency
Revenue
(mn) 2Q2013
% Change
YoY
Operating Profit
(mn) 2Q2013
% Change
YoY
Net Profit (mn)
2Q2013
% Change
YoY
Dubai Insurance Co. (DIC) Dubai AED 73.3 8.4% – – 5.4 -36.8%
Emirates
Telecommunications Corp
(Etisalat)
Abu Dhabi AED 9,882.0 19.7% – – 1,976.0 5.9%
United Industries Co. (UIC)* Kuwait KD – – – – 5.3 111.6%
Gulf Hotel Group (BHOTEL) Bahrain BHD – – – – 3.0 5.8%
Source: Company data, ADX, DFM (* 1H2013 Results)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
07/23 US FHFA House Price Index MoM May 0.70% 0.80% 0.50%
07/23 Europe Eurostat Euro-Zone Consumer Confidence July -17.4 -18.3 -18.8
07/23 France INSEE Production Outlook Indicator July -30 -42 -41
07/23 France INSEE Business Confidence July 95 94 93
07/23 UK BBA BBA Loans for House Purchase June 37278 38300 36290
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
CBQK’s net profit rises 2.4% QoQ in 2Q2013 – Commercial
Bank of Qatar (CBQK) has reported a net profit of QR518mn in
2Q2013, indicating a QoQ increase of 2.4% (-5.1% YoY). The
bank’s net profit was up 0.7% YoY to QR1.024bn in 1H2013.
EPS stood at QR4.14 in 1H2013 as compared to QR4.11 in
1H2012. According to a Reuters poll, analysts had projected an
average net profit of QR530.6mn in 2Q2013. Net interest
income declined by 3% YoY in 1H2013 to QR914mn. Total
assets at the end of June 30, 2013 stood at QR85.4bn,
indicating a YTD increase of 7%. Customer loans & advances
rose by 7% YTD to QR52bn, while customer deposits increased
by 13% YTD (+1.1% QoQ) to QR46.9bn. The bank’s non-
performing loan ratio has risen to 3.49% as at June 30, 2013 as
compared to 1.39% at the end of March 2013. Non-performing
loans rested at QR1.8bn in 1H2013 vs. QR725mn in 1Q2013
(Reuters, AME Info)
Fitch upgrades Alternatifbank on ownership change – Fitch
Ratings has upgraded Alternatifbank’s long-term foreign
currency Issuer Default Rating (IDR) to “BBB” from “BB” and its
long-term local currency IDR to “BBB+” from “BB” and removed
them from Rating Watch Positive (RWP). The outlooks are
Stable and the bank’s Support Rating Floor (SRF) has been
withdrawn, while the bank’s Viability Rating of “bb” is unaffected.
The rating actions follow a change of ownership, effective last
Thursday when Commercial Bank of Qatar acquired a 70.84%
stake in the bank. (Gulf-Times.com)
Al Jazeera appoints interim CEO, President for American
channel – Qatar-based Al Jazeera has appointed Ehab al-
Shihabi as the interim CEO and Kate O’Brian as the President of
its Al Jazeera America TV network, which is set to be launched
in the US on August 20. (Gulf-Times.com)
QAFAC signs pact with GreenGulf – Qatar Fuel Additives
Company Limited (QAFAC) and GreenGulf Inc have signed an
agreement to identify and develop projects of mutual interest.
This will include integration of solar power into QAFAC-affiliated
projects, carbon capture to serve as a feedstock for QAFAC’s
methanol production stream, waste-to-energy solutions focused
on process engineered fuels and deployment of methanol
powered vehicles in Qatar. (Gulf-Times.com)
Qatar real estate transactions reach QR1.75bn during July
14-18 – According to the data released by the Department of
Real Estate Registration in Qatar’s Ministry of Justice, the
volume of trading in real estate contracts registered with the
department from July 14 to 18 reached QR1.76bn. The list of
sales included land plots, a two-storey villa, duplexes, houses,
apartment buildings, schools and shops. Most of the
Overall Activity Buy %* Sell %* Net (QR)
Qatari 60.37% 70.85% (24,480,858.85)
Non-Qatari 39.64% 29.14% 24,480,858.85
3. Page 3 of 5
transactions were registered in the municipalities of Umm Salal,
Al Khor, Al Shamal, Doha, Al Rayyan, Al Za’ayen and Al Wakra.
(Peninsula Qatar)
ORDS’ subsidiary to pay $23.75mn interest to $1bn GMTN
holders – Ooredoo’s (ORDS) subsidiary, QTEL International
Finance Limited (QIFL) is set to pay $23.75mn as interest to the
holders of its $1bn global medium term note (GMTN) on August
16, 2013. (QE)
BRES appoints Salah Bin Ghanim Al Ali as Chairman –
Barwa Real Estate Company (BRES) has announced a change
in Qatari Diar’s representation in its board of directors. The
group declared HE Salah Bin Ghanim Al Ali as the new
Chairman, along with Issa Mohammed Almohannadi and Khalid
Mohammed Ibrahim Alsayed as members of the board. The
BoD consists of seven members: three are from Qatari Diar,
while the remaining four are elected by the shareholders of
Barwa Group. (QE)
International
China’s manufacturing weakens further as slowdown
deepens – Activity in China's manufacturing sector slowed to a
11-month low in July as new orders faltered and the job market
weakened, suggesting that the country’s economy is still losing
momentum. The flash HSBC/Markit Purchasing Managers'
Index fell to 47.7 in July from June's final reading of 48.2.
Meanwhile, the employment sub-index slid down to 47.3 in July,
the weakest level since March 2009. (Reuters)
BoS: Spanish economy shrinks slightly in 2Q2013 – The
Bank of Spain (BoS) estimated that the Spanish economy has
shrunk 0.1% in 2Q2013. The central bank said the country’s
GDP probably dropped 1.8% YoY in 2Q2013, after falling 2% a
quarter earlier. Meanwhile, the government has said it expects
the economy to emerge from the recession by the third quarter,
although many economists are less optimistic, with the
International Monetary Fund seeing economic contraction
stretching into next year. (Reuters)
Regional
Bahri receives new cargo vessel Bahri Tabuk – The National
Shipping Company of Saudi Arabia (Bahri) has received its new
vessel “Bahri Tabuk”. The new vessel is specialized in carrying
general cargo of 26,000 deadweight tonnage. This is the third
vessel delivered from the batch of six vessels that were
contracted by Bahri for a total value of SR1,543mn in 2011. The
ship was built by Hyundai MIPO in South Korea. The financial
impact of this ship will be visible during 3Q2013. (Tadawul)
SPC obtains SR500mn long term loan from SABB for
housing project – Sahara Petrochemical Company (SPC) has
signed a long-term loan agreement worth SR500mn with Saudi
British Bank (SABB) for a period beginning from July 23, 2013
till July 23, 2026. The loan will finance the total cost of 280 units
of the housing project being built for SPC and its affiliate’s
employees in Jubail Industrial City. The loan will be repaid
through salary deductions from beneficiary employees by
deducting the housing allowance and a specific percentage from
their basic salary. The overall housing and development costs
will be paid by the company and its affiliates. (Tadawul)
Bahra Cables signs a SR1.3bn contract with SEC – Bahra
Advanced Cable Manufacturer Company has signed a SR1.3bn
contract with the Saudi Electricity Company (SEC) for the supply
of low & medium voltage cables for SEC’s projects over the next
12 months. (AME Info)
Tatweer awards $21mn contract to AECOM – Tatweer
Buildings Company (Tatweer) has awarded a three-year
contract worth $21mn to AECOM Technology Corporation. The
contract will provide consultancy services and support Tatweer
as it develops its internal project & program management
capabilities to deliver 2,100 educational facilities throughout the
Kingdom. (GulfBase.com)
GGCIC gets SAMA’s approval for its insurance products –
The Gulf General Cooperative Insurance Company (GGCIC)
has obtained a temporary approval from the Saudi Arabian
Monetary Agency’s (SAMA) to sell its insurance products for six
months. (Tadawul)
Saudi H&R’s board recommends SR50mn dividends for
1H2013 – Saudi Hotels & Resort Areas Company’s (Saudi H&R)
board has recommended the distribution of dividends worth
SR50mn (SR0.5 per share), representing 5% of the face value,
to its shareholders for 1H2013. Shareholders who are registered
with the Securities Depository Center on July 29, 2013 are
eligible for this dividend. (Tadawul)
UAE inflation rises 0.26% in June – According to data
released by the National Bureau of Statistics, the consumer
price index in the UAE reached 117.98 in June 2013, rising by
0.26% MoM (+1.25% YoY). Inflationary trends were monitored
across the Emirates and the highest increase of 0.46% was
recorded in Abu Dhabi and Sharjah. Dubai’s inflation stood at
0.41% followed by Umm Al Quwain at 0.40%. (GulfBase.com)
TRA: telecom revenue in UAE reaches AED20.4bn in 2012 –
According to the Telecommunications Regulatory Authority
(TRA), revenues from mobile telecom services in the UAE have
recorded sustained growth to reach AED20.4bn in 2012. The
telecom market continued to thrive in the UAE with fixed-line
subscriptions reaching almost 2mn and active mobile
subscriptions surging to 13.8mn. There was an increase of 5.6%
in the amount of talk time used per mobile subscriber. The
number of internet service subscriptions reached around
958,000, while the percentage of internet subscriptions
connected by fiber technology rose by 37.2%. (GulfBase.com)
UAE, Finland ink open skies agreement – The UAE’s General
Civil Aviation Authority (GCAA) has signed an open skies
agreement with the government of Finland. The agreement
allows full flexibility on the number of routes, flight capacity,
frequencies and types of aircraft, in both passenger and cargo
services. (AME Info)
DIB appoints new MD and CEO – Dubai Islamic Bank (DIB)
has appointed Abdulla Al Hamli as the new Managing Director
and the board member along with Dr. Adnan Chilwan as the
bank’s CEO. (GulfBase.com)
Vivendi in talks to sell Maroc Telecom stake to Etisalat –
Vivendi has been in talks with Emirates Telecommunications
Corp (Etisalat) to sell its stake in Moroccan phone company,
Maroc Telecom for €4.2bn. Etisalat’s offer values each share of
Vivendi at 92.6 Moroccan dirhams, amounting to a total
consideration of Vivendi’s 53% stake in Maroc Telecom at
€3.9bn (equivalent to AED18.8bn). Etisalat would also pay
€310mn as a dividend that Vivendi was set to receive from
Maroc Telecom. (Bloomberg, ADX)
S2 power plant to price project bond worth $825mn – Abu
Dhabi's Shuweihat 2 (S2) Power & Water Plant is planning to
price a project bond worth up to $825mn on July 25. Early price
talk for the bond, which matures in 2036 is set in the 6.25%
area. The deal is open to US institutional investors due to its
144a-compliant structure, and will be issued as a bond by
Ruwais Power Company. BNP Paribas, Citigroup Inc, HSBC
Holdings, Mitsubishi UFJ Securities, National Bank of Abu Dhabi
4. Page 4 of 5
and Standard Chartered are mandated as book-runners for this
transaction. (Reuters)
FGB reports net profit of AED1.17bn in 2Q2013 – First Gulf
Bank (FGB) has reported a net profit of AED1.17bn in 2Q2013,
reflecting a YoY increase of 15%. The bank’s net profit in
1H2013 rose by 13% YoY to AED2.21bn. Net interest, Islamic
financing income rose by 9%to AED1.48bn. Loans, advances
grew 7% in 1H2013, while ratio of NPLs to gross loans stood at
3.6%. (Bloomberg)
NBAD reports net profit of AED2.6bn in 1H2013 – The
National Bank of Abu Dhabi (NBAD) has reported a net profit of
AED2.6bn in 1H2013, reflecting an increase of 25.6% YoY. Net
interest and Islamic financing income were up 7.5% YoY to
AED3.2bn in 1H2013. EPS stood at AED0.58 in 1H2013 as
compared to AED0.46 in 1H2012. Non-performing loans stood
at AED6.1bn, representing 3.4% of the loan book. Total assets
at the end of June 2013 stood at AED326.7bn, an increase of
8.7% YTD. Loan & advances were up by 5.4% YTD at
AED173.5bn, while customer deposits rose by 15.3% YTD to
AED219.4bn. (ADX)
ADIB reports net profit of AED371.4mn in 2Q2013 – Abu
Dhabi Islamic Bank (ADIB) has reported a net profit of
AED371.4mn in 2Q2013, reflecting a YoY increase of 15%.
Capital adequacy ratio is stood at 17.32%, while total credit
provisions, impairments stood at AED179.8mn. Group net
revenue reached at AED950.6mn, while operating profit rose to
AED551.2mn. (Bloomberg)
Finance House reports net profit of AED56.5mn in 1H2013 –
Finance House has reported a consolidated net profit of
AED56.5mn in 1H2013 as compared to AED72.2mn in FY2012.
Net interest income grew by 7.5% YoY to AED64mn in 1H2013.
Islamic financing & investing assets grew by 54% YoY to reach
AED100mn as of June 30, 2013. Net loans & advances grew by
a robust 15.5% YoY to reach AED1.42bn, while customer
deposits grew steadily to reach AED1.77bn. (Bloomberg)
JLL: 43,000 new residential units in Abu Dhabi by 2015 –
According to a report by Jones Lang LaSalle (JLL), over 43,000
residential units are set to come online in Abu Dhabi by 2015,
adding to the current residential stock of 211,000 units. The
report stated that these new apartments are being built within
master developments such as Rawdhat, Danet, Reem Island
and Saadiyat Island, in addition to sizeable national housing
developments. (GulfBase.com)
Etisalat’s BoD recommends 35 fils per share dividend for
1H2013 – Etisalat’s board of directors has recommended an
interim dividend distribution of 35 fils per share for 1H2013 to its
shareholders out of the total payment of 70 fils per share for the
entire 2013. This dividend distribution of 35 fils per share will
commence on August 15, 2013. (ADX)
Passenger traffic at Sharjah Airport rises 15.46% in 1H2013
– The Sharjah International Airport has recorded a 15.46%
increase in passenger traffic in 1H2013, marking its busiest first
half ever. A total of 4.26mn passengers passed through the
airport from January to June 2013 compared to the 3.69mn in
the same period last year. Aircraft movements were up 0.69%
YTD in the first half to reach 32,923. (Gulfbase.com)
RAK Airways in talks with Boeing, Airbus, Bombardier –
RAK Airways said it is in talks with leading aircraft builders such
as Boeing, Airbus and Bombardier to place an order for at least
10 single-aisle aircraft to meet its expansion plans. RAK Airways
CEO Murabit al-Sawaf said the airline is considering existing
versions of the Boeing 737-800, Airbus’s A320, and the new C-
Series jet from Bombardier. The airline aims to make a choice
by the end of 2013 or early 2014. (Gulf-Times.com)
NBK reports net profit of KD128.5mn for 1H2013 – The
National Bank of Kuwait (NBK) has reported a net profit of
KD128.5mn for 1H2013, reflecting an increase of 6.4% YoY.
Total assets at the end of June 2013 stood at KD17.9bn, up by
25.3% YoY. (AMEinfo)
Gulf Bank reports KD6.3mn net profit in 2Q2013 – The Gulf
Bank has reported a net profit of KD6.3mn for 2Q2013,
reflecting an increase of 17% YoY. (GulfBase.com)
Oman to invite bids for $3.5bn steam cracker – Oman is
planning to invite bids to build a steam cracker plant worth
$3.5bn with a production capacity of 1mn tons a year of
petrochemical products. To be built in the northern industrial port
of Sohar, the planned cracker plant will produce polypropylene
and polyethylene, which are used in making plastics. The project
will include building a 300-kilometre pipeline, a gas extraction
plant and the headquarter building. State-owned Oman Oil
Refineries & Petroleum Industries Company will finance this new
plant. The bids would be invited next month and the project is
scheduled to be completed in 2016. (Peninsula Qatar)
5. Contacts
Ahmed M. Shehada Keith Whitney Saugata Sarkar Sahbi Kasraoui
Head of Trading Head of Sales Head of Research Manager - HNWI
Tel: (+974) 4476 6535 Tel: (+974) 4476 6533 Tel: (+974) 4476 6534 Tel: (+974) 4476 6544
ahmed.shehada@qnbfs.com.qa keith.whitney@qnbfs.com.qa saugata.sarkar@qnbfs.com.qa sahbi.alkasraoui@qnbfs.com.qa
QNB Financial Services SPC
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
DISCLAIMER: This publication has been prepared by QNB Financial Services SPC (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (“QNB”). QNBFS is regulated by the Qatar
Financial Markets Authority and the Qatar Exchange; QNB is regulated by the Qatar Central Bank. This publication expresses the views and opinions of QNBFS at a given time only. It is not an
offer, promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or financial advice. We therefore strongly advise potential
investors to seek independent professional advice before making any investment decision. Although the information in this report has been obtained from sources that QNBFS believes to be
reliable, we have not independently verified such information and it may not be accurate or complete. While this publication has been prepared with the utmost degree of care by our analysts,
QNBFS does not make any representations or warranties as to the accuracy and completeness of the information it may contain, and declines any liability in that respect. QNBFS reserves the
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views and opinions included in this report.
COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS.
Page 5 of 5
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg
80.0
90.0
100.0
110.0
120.0
130.0
140.0
150.0
Jan-10 Aug-10 Mar-11 Oct-11 May-12 Dec-12 Jul-13
QEIndex S&PPan Arab S&P GCC
(0.1%)
0.2%
0.1%
(0.0%)
0.0%
0.7%
0.5%
(0.3%)
0.0%
0.3%
0.6%
0.9%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD%
Gold/Ounce 1,345.20 0.7 3.8 (19.7) DJ Industrial 15,567.74 0.1 0.2 18.8
Silver/Ounce 20.49 (0.3) 5.0 (32.5) S&P 500 1,692.39 (0.2) 0.0 18.7
Crude Oil (Brent)/Barrel 109.36 0.0 0.0 (3.1) NASDAQ 100 3,579.27 (0.6) (0.2) 18.5
Natural Gas (Henry
Hub)/MMBtu
3.68 (0.0) (0.0) 6.4 STOXX 600 299.44 (0.3) (0.1) 7.1
LPG Propane (Arab Gulf)/Ton 810.00 0.0 0.0 (16.4) DAX 8,314.23 (0.2) (0.2) 9.2
LPG Butane (Arab Gulf)/Ton 807.00 0.0 0.0 (16.7) FTSE 100 6,597.44 (0.4) (0.5) 11.9
Euro 1.32 0.3 0.6 0.2 CAC 40 3,923.09 (0.4) (0.1) 7.7
Yen 99.43 (0.2) (1.2) 14.6 Nikkei 14,778.51 0.8 1.3 42.2
GBP 1.54 0.1 0.7 (5.5) MSCI EM 969.04 1.6 2.0 (8.2)
CHF 1.07 0.1 0.6 (2.1) SHANGHAI SE Composite 2,043.88 2.0 2.6 (9.9)
AUD 0.93 0.5 1.4 (10.6) HANG SENG 21,915.42 2.3 2.6 (3.3)
USD Index 81.95 (0.3) (0.8) 2.7 BSE SENSEX 20,302.13 0.7 0.8 4.5
RUB 32.33 0.1 (0.1) 5.9 Bovespa 48,819.52 0.5 3.0 (19.9)
BRL 0.45 0.8 1.4 (7.4) RTS 1,379.88 (0.0) (0.2) (9.6)
139.0
123.1
111.9