The QSE Index declined 0.2% with losses led by the Insurance and Telecom indices. Top losers were Qatar Insurance Co. and Vodafone Qatar. Top gainers included Qatar German Co for Medical Devices and Mannai Corp. Trading activity rose but volume was lower than the 30-day average. The document also provides stock market commentary and data for other GCC countries and global economic indicators.
The QSE Index in Qatar declined 0.6% due to losses in the real estate and insurance indices. Qatar National Cement and Ezdan Holding Group were the top losers. Indices in other Gulf markets were mixed, with Saudi Arabia and Oman rising marginally while Kuwait and Bahrain fell. Earnings results were reported from companies in various Gulf markets. Global economic data showed the US retail sales declined more than expected in January while Eurozone GDP growth met forecasts.
The QSE Index rose 0.3% led by gains in the Consumer Goods & Services and Transportation indices. Al Meera Consumer Goods rose 4.6% and Ahli Bank rose 4.2% while Gulf International Services fell 1.3% and Ooredoo fell 1.1%. Regional indices were mixed with Saudi Arabia down 0.1% and Bahrain up 0.4% while Dubai was flat. Earnings news saw profits fall at QGRI 42.6% QoQ and SABB Takaful down 14.7% YoY. QCFS will report financials on August 9th.
The QE Index rose 0.2% to close at 10,628.3. Gains were led by the Industrials and Consumer Goods & Services indices, gaining 1.6% and 0.4%, respectively.
The QSE Index rose 0.9% led by gains in the real estate and industrial indices. Top gainers were Al Khaleej Takaful Group and Qatar International Islamic Bank. Regional markets were mostly higher with Saudi Arabia's TASI up 2.1% led by real estate and transport indices. Globally, US job openings rose more than expected in February while UK and eurozone services PMIs were higher in March.
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 QSE Index gained 1.2% led by gains in the Insurance and Real Estate indices. Ezdan Holding Group and Qatar Insurance Co. were the top gainers rising 10.0% and 7.4% respectively. Volume of shares traded rose 38.8% to 29.7mn from 21.4mn the previous day. QNBK forecasted Qatar's overall inflation may average 2.5% in 2015 due to population growth.
The QSE Index in Qatar declined 0.6% due to losses in the real estate and insurance indices. Qatar National Cement and Ezdan Holding Group were the top losers. Indices in other Gulf markets were mixed, with Saudi Arabia and Oman rising marginally while Kuwait and Bahrain fell. Earnings results were reported from companies in various Gulf markets. Global economic data showed the US retail sales declined more than expected in January while Eurozone GDP growth met forecasts.
The QSE Index rose 0.3% led by gains in the Consumer Goods & Services and Transportation indices. Al Meera Consumer Goods rose 4.6% and Ahli Bank rose 4.2% while Gulf International Services fell 1.3% and Ooredoo fell 1.1%. Regional indices were mixed with Saudi Arabia down 0.1% and Bahrain up 0.4% while Dubai was flat. Earnings news saw profits fall at QGRI 42.6% QoQ and SABB Takaful down 14.7% YoY. QCFS will report financials on August 9th.
The QE Index rose 0.2% to close at 10,628.3. Gains were led by the Industrials and Consumer Goods & Services indices, gaining 1.6% and 0.4%, respectively.
The QSE Index rose 0.9% led by gains in the real estate and industrial indices. Top gainers were Al Khaleej Takaful Group and Qatar International Islamic Bank. Regional markets were mostly higher with Saudi Arabia's TASI up 2.1% led by real estate and transport indices. Globally, US job openings rose more than expected in February while UK and eurozone services PMIs were higher in March.
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 QSE Index gained 1.2% led by gains in the Insurance and Real Estate indices. Ezdan Holding Group and Qatar Insurance Co. were the top gainers rising 10.0% and 7.4% respectively. Volume of shares traded rose 38.8% to 29.7mn from 21.4mn the previous day. QNBK forecasted Qatar's overall inflation may average 2.5% in 2015 due to population growth.
QNBFS Daily Market Report October 20, 2021QNB Group
The QE Index rose 0.2% to close at 11,767.5. Gains were led by the Consumer Goods & Services and Banks & Financial Services indices, gaining 0.4% each.
QNBFS Daily Market Report October 19, 2021QNB Group
The QE Index declined 0.1% to close at 11,743.4. Losses were led by the Industrials and Banks & Financial Services indices, falling 0.5% and 0.1%, respectively.
- The QE Index in Qatar declined 0.7% led by losses in the Industrials and Banks & Financial Services indices. Industries Qatar and QNB Group were the top losers.
- Regional indices were mixed with Saudi Arabia and Abu Dhabi rising while Dubai fell.
- Ezdan Holding Group saw strong gains in Qatar while losses in Dubai Investments weighed on that market. Trading volumes increased across many Gulf exchanges.
The QSE Index declined 0.4% on lower prices for the Industrials and Insurance indices. Qatar First Bank and Al Khaleej Takaful Group were the top losers. Trading volume fell 41.3% from the previous day. Elsewhere in the GCC, indices in Saudi Arabia, Kuwait, Oman and Bahrain rose while markets in Dubai and Abu Dhabi were closed for holidays. Earnings news and upcoming earnings dates were also provided.
QNBFS Daily Market Report October 25, 2021QNB Group
The QE Index in Qatar declined 0.4% led by losses in the Industrials and Banks & Financial Services indices. Mannai Corporation and Industries Qatar were the top losers. In other GCC markets, indexes in Saudi Arabia and Kuwait gained while those in Dubai, Abu Dhabi, Oman and Bahrain gained. Earnings reports from Saudi Kayan Petrochemical and Dr. Sulaiman Al Habib showed increases in revenue and profits. The Commercial Bank of Qatar reported a net profit rise of 217.8% year-over-year to QR804.6mn, beating estimates.
QNBFS Daily Market Report October 31, 2021QNB Group
The QE Index rose 1.2% to close at 11,806.5. Gains were led by the Banks & Financial Services and Consumer Goods & Services indices, gaining 2.1% and 1.2%, respectively.
The QSE Index gained 0.1% to close at 12,409.1, led by gains in the real estate and consumer goods indices. Top gainers were Doha Insurance Co. and Barwa Real Estate Co., while Qatar Cinema & Film Distribution Co. fell 9.9%. Regional indices were mixed with Saudi Arabia up 0.8% and Abu Dhabi down 0.2%. News included Kuwait's UFIG planning to establish a new company in Qatar, a Qatar-Singapore business forum to promote trade, and Qatar-UAE bilateral trade reaching $33.5 billion in 2014.
QNBFS Daily Market Report August 18, 2019QNB Group
The QE Index in Qatar declined 0.6% due to losses in the telecom and insurance sectors. Telecom stocks Qatar Cinema and Vodafone Qatar fell the most. In other markets, the Dubai index declined 1.3% while the Abu Dhabi index gained marginally. The document provides market commentary and statistics for Qatar, GCC and other regional markets. It also includes some news briefs related to Qatar's economy and Islamic finance sector.
QNBFS Daily Market Report October 12, 2021QNB Group
The QE Index in Qatar rose 0.1% driven by gains in the Insurance and Industrials indices. Gulf International Services and Mannai Corporation were the top gainers. Doha Insurance Group and Ooredoo declined. Trading volume increased 29.1% compared to the previous day. Regional indices were mixed with Abu Dhabi up 0.7% and Saudi Arabia down 0.5%. Several Qatar companies announced earnings release and AGM dates.
The QE index in Qatar fell 0.1% led by declines in the telecom and industrial indices. Top losers were Dlala Brok. & Inv. Holding Co. and Al Khaleej Takaful Group, falling 10.0% and 6.9% respectively. Meanwhile, the TASI index in Saudi Arabia rose 0.4% with gains in the retail and food sectors. Trading volumes on the Qatar Exchange rose by 1.6% compared to the previous day.
QNBFS Daily Market Report October 18, 2021QNB Group
The QE Index rose 0.8% to close at 11,751.4. Gains were led by the Banks & Financial Services and Industrials indices, gaining 1.1% and 0.8%, respectively.
QNBFS Daily Market Report August 12, 2021QNB Group
The QE Index rose marginally to close at 10,916.1. Gains were led by the Insurance and Consumer Goods & Services indices, gaining 0.8% and 0.5%, respectively.
QNBFS Daily Market Report November 22, 2018QNB Group
The document summarizes daily market activity in Qatar, other GCC countries, and global economic data. On the Qatari market, the QSE index rose 0.2% as gains in banks and real estate led the rise. Top gainers were QNB Group and Qatar Electricity & Water Company. The Cabinet approved Qatar's draft budget for 2019 focused on infrastructure, private sector growth, and food security. In other GCC markets, Saudi and Kuwait indices rose while Abu Dhabi fell. US jobless claims were slightly higher than estimates.
QNBFS Daily Market Report December 06, 2021QNB Group
The QE Index declined 0.1% to close at 11,586.7. Losses were led by the Consumer Goods & Services and Banks & Financial Services indices, falling 0.8% and 0.4%, respectively.
The QE index in Qatar rose 1.1% led by gains in the real estate and transportation indices. Qatar Oman Investment Co. and Gulf Warehousing Co. were the top gainers rising 10% and 5% respectively. Regional indices were mixed with Saudi Arabia and Bahrain declining while Kuwait gained slightly. Globally, ZEW survey expectations fell in Germany and France while US job openings rose slightly. Earnings news saw mixed results reported across the region. Inflation in Qatar rose 3.1% YoY in July driven by higher rents and costs for furniture and garments.
The Qatar Stock Exchange Index gained slightly over the week. Trading value and volume decreased compared to the previous week. The real estate sector contributed the most to trading value and volume. Foreign institutions turned to net buying during the week after net selling the previous week. The report also provides details on index performance, company news, and economic news including forecasts for moderating real estate growth and inflation in Qatar.
The Qatar Stock Exchange Index gained over 4% last week, with market capitalization increasing over 4%. Trading volume and value decreased from the prior week. The Banks and Financial Services sector contributed most to trading value and volume. Foreign institutions remained net buyers while Qatari investors remained net sellers. The document discusses stock performance and provides an outlook for the Qatari economy and non-oil sector growth amid lower oil prices.
The document provides a daily technical analysis report on stocks traded on the Qatar stock exchange. It includes commentary on the performance of the QSE index, analysis of two stocks (QIIK and QFLS), and market indicators data. The QSE index rose 1% with higher trading volumes. Technical indicators suggest a potential market correction. QIIK is in an uptrend but struggling to rise above QR82 resistance. A break above this level could trigger further gains. QFLS has stabilized around QR180 after a long downtrend; a break above QR182 is needed to signal a potential bounce.
QNBFS Daily Market Report October 20, 2021QNB Group
The QE Index rose 0.2% to close at 11,767.5. Gains were led by the Consumer Goods & Services and Banks & Financial Services indices, gaining 0.4% each.
QNBFS Daily Market Report October 19, 2021QNB Group
The QE Index declined 0.1% to close at 11,743.4. Losses were led by the Industrials and Banks & Financial Services indices, falling 0.5% and 0.1%, respectively.
- The QE Index in Qatar declined 0.7% led by losses in the Industrials and Banks & Financial Services indices. Industries Qatar and QNB Group were the top losers.
- Regional indices were mixed with Saudi Arabia and Abu Dhabi rising while Dubai fell.
- Ezdan Holding Group saw strong gains in Qatar while losses in Dubai Investments weighed on that market. Trading volumes increased across many Gulf exchanges.
The QSE Index declined 0.4% on lower prices for the Industrials and Insurance indices. Qatar First Bank and Al Khaleej Takaful Group were the top losers. Trading volume fell 41.3% from the previous day. Elsewhere in the GCC, indices in Saudi Arabia, Kuwait, Oman and Bahrain rose while markets in Dubai and Abu Dhabi were closed for holidays. Earnings news and upcoming earnings dates were also provided.
QNBFS Daily Market Report October 25, 2021QNB Group
The QE Index in Qatar declined 0.4% led by losses in the Industrials and Banks & Financial Services indices. Mannai Corporation and Industries Qatar were the top losers. In other GCC markets, indexes in Saudi Arabia and Kuwait gained while those in Dubai, Abu Dhabi, Oman and Bahrain gained. Earnings reports from Saudi Kayan Petrochemical and Dr. Sulaiman Al Habib showed increases in revenue and profits. The Commercial Bank of Qatar reported a net profit rise of 217.8% year-over-year to QR804.6mn, beating estimates.
QNBFS Daily Market Report October 31, 2021QNB Group
The QE Index rose 1.2% to close at 11,806.5. Gains were led by the Banks & Financial Services and Consumer Goods & Services indices, gaining 2.1% and 1.2%, respectively.
The QSE Index gained 0.1% to close at 12,409.1, led by gains in the real estate and consumer goods indices. Top gainers were Doha Insurance Co. and Barwa Real Estate Co., while Qatar Cinema & Film Distribution Co. fell 9.9%. Regional indices were mixed with Saudi Arabia up 0.8% and Abu Dhabi down 0.2%. News included Kuwait's UFIG planning to establish a new company in Qatar, a Qatar-Singapore business forum to promote trade, and Qatar-UAE bilateral trade reaching $33.5 billion in 2014.
QNBFS Daily Market Report August 18, 2019QNB Group
The QE Index in Qatar declined 0.6% due to losses in the telecom and insurance sectors. Telecom stocks Qatar Cinema and Vodafone Qatar fell the most. In other markets, the Dubai index declined 1.3% while the Abu Dhabi index gained marginally. The document provides market commentary and statistics for Qatar, GCC and other regional markets. It also includes some news briefs related to Qatar's economy and Islamic finance sector.
QNBFS Daily Market Report October 12, 2021QNB Group
The QE Index in Qatar rose 0.1% driven by gains in the Insurance and Industrials indices. Gulf International Services and Mannai Corporation were the top gainers. Doha Insurance Group and Ooredoo declined. Trading volume increased 29.1% compared to the previous day. Regional indices were mixed with Abu Dhabi up 0.7% and Saudi Arabia down 0.5%. Several Qatar companies announced earnings release and AGM dates.
The QE index in Qatar fell 0.1% led by declines in the telecom and industrial indices. Top losers were Dlala Brok. & Inv. Holding Co. and Al Khaleej Takaful Group, falling 10.0% and 6.9% respectively. Meanwhile, the TASI index in Saudi Arabia rose 0.4% with gains in the retail and food sectors. Trading volumes on the Qatar Exchange rose by 1.6% compared to the previous day.
QNBFS Daily Market Report October 18, 2021QNB Group
The QE Index rose 0.8% to close at 11,751.4. Gains were led by the Banks & Financial Services and Industrials indices, gaining 1.1% and 0.8%, respectively.
QNBFS Daily Market Report August 12, 2021QNB Group
The QE Index rose marginally to close at 10,916.1. Gains were led by the Insurance and Consumer Goods & Services indices, gaining 0.8% and 0.5%, respectively.
QNBFS Daily Market Report November 22, 2018QNB Group
The document summarizes daily market activity in Qatar, other GCC countries, and global economic data. On the Qatari market, the QSE index rose 0.2% as gains in banks and real estate led the rise. Top gainers were QNB Group and Qatar Electricity & Water Company. The Cabinet approved Qatar's draft budget for 2019 focused on infrastructure, private sector growth, and food security. In other GCC markets, Saudi and Kuwait indices rose while Abu Dhabi fell. US jobless claims were slightly higher than estimates.
QNBFS Daily Market Report December 06, 2021QNB Group
The QE Index declined 0.1% to close at 11,586.7. Losses were led by the Consumer Goods & Services and Banks & Financial Services indices, falling 0.8% and 0.4%, respectively.
The QE index in Qatar rose 1.1% led by gains in the real estate and transportation indices. Qatar Oman Investment Co. and Gulf Warehousing Co. were the top gainers rising 10% and 5% respectively. Regional indices were mixed with Saudi Arabia and Bahrain declining while Kuwait gained slightly. Globally, ZEW survey expectations fell in Germany and France while US job openings rose slightly. Earnings news saw mixed results reported across the region. Inflation in Qatar rose 3.1% YoY in July driven by higher rents and costs for furniture and garments.
The Qatar Stock Exchange Index gained slightly over the week. Trading value and volume decreased compared to the previous week. The real estate sector contributed the most to trading value and volume. Foreign institutions turned to net buying during the week after net selling the previous week. The report also provides details on index performance, company news, and economic news including forecasts for moderating real estate growth and inflation in Qatar.
The Qatar Stock Exchange Index gained over 4% last week, with market capitalization increasing over 4%. Trading volume and value decreased from the prior week. The Banks and Financial Services sector contributed most to trading value and volume. Foreign institutions remained net buyers while Qatari investors remained net sellers. The document discusses stock performance and provides an outlook for the Qatari economy and non-oil sector growth amid lower oil prices.
The document provides a daily technical analysis report on stocks traded on the Qatar stock exchange. It includes commentary on the performance of the QSE index, analysis of two stocks (QIIK and QFLS), and market indicators data. The QSE index rose 1% with higher trading volumes. Technical indicators suggest a potential market correction. QIIK is in an uptrend but struggling to rise above QR82 resistance. A break above this level could trigger further gains. QFLS has stabilized around QR180 after a long downtrend; a break above QR182 is needed to signal a potential bounce.
O documento descreve uma pesquisa sobre a acessibilidade para deficientes em Flórida Paulista, realizada por estudantes das Faculdades Adamantinenses Integradas. A pesquisa avaliou a existência de rampas, banheiros, vagas e filas preferenciais para deficientes, concluindo que grande parte dos locais respeita as vagas, mas que a sinalização de filas preferenciais precisa melhorar.
Presentación elaborada para la clase de administración "planeamiento a largo plazo" de la Universidad del Museo Social Argentino, Buenos Aires, Argentina.
This organization was founded by Blake Barnum on October 18th, 2014. It is dedicated to helping medical patients through the medical benefits of THC. The organization believes in taxing for the community good, but seeking to lower taxes for some groups. It supports same-sex marriage and believes discrimination against it should end. It also advocates for tighter border security and reducing the number of immigrants entering the country, as well as drug testing some welfare recipients. The organization promotes environmentalism and a green lifestyle. It believes the defense budget has grown too large and should be cut back.
Este documento describe diferentes modalidades de interpretación incluyendo interpretación de marketing, jurídica, de señas y de acompañamiento. Detalla la técnica o tipo de interpretación utilizada, los requisitos del intérprete y el lugar o evento donde se realiza cada modalidad. Además, otro texto brinda consejos para quienes desean ser intérpretes enfatizando la paciencia, dedicación y amor por el trabajo.
El documento resume la historia y características del reggaetón. Comenzó en Panamá en los años 70 como reggae en español y evolucionó en Puerto Rico en los 90, donde adoptó su nombre actual. Se caracteriza por el ritmo dembow y letras sobre temas de calle con estilo de rap. Incluye subgéneros como el reggaetón alternativo, electroflow y romantiqueo.
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This document contains attributions for photos used in a Haiku Deck presentation, listing the names of 16 photographers who contributed photos along with their usernames or full names where provided. It encourages the reader to create their own Haiku Deck presentation and get started.
All about the different types of labelsLabelService1
This document discusses different types of labels, including booklet labels, chemical labels, digital labels, food and drink labels, homeopathy and cosmetics labels, industrial and security labels, peel and reveal labels, and window stickers. It provides details on what each label type is used for, such as booklet labels being used for promotional services or multi-language labeling, chemical labels dividing retail and industrial uses, and peel and reveal labels offering multiple printed pages on a single label. Overall, the document emphasizes that there are various labeling options that can enhance a company and help protect products and branding.
Global Millennials SIETAR USA - PG 2014Monica Marcel
It turns out that not only are generational stereotypes widely publicized, but the majority of the insights out there are mainly based on U.S. millennials, or at the very least, shared through the company’s U.S. cultural lens.
La primera vacuna fue desarrollada por Jenner en 1796 para prevenir la viruela. Pasteur enunció el principio de usar microbios debilitados para inducir inmunidad en 1880. Las vacunas funcionan induciendo una respuesta inmunitaria adaptativa a través de la expansión de células T y B específicas y la formación de células de memoria. Existen vacunas vivas atenuadas, inactivas, toxinas inactivadas y subunitarias. El desafío es diseñar vacunas que sean seguras, induzcan la respuesta inmunitaria
2015 2H Outlook: Korean Telecom service industryJeehyun Moon
Telecom Service (Analyst Jee-hyun Moon)
Getting over the hump
[Summary] Getting over the hump
I. 2H15 outlook: Getting over the hump
II. Key themes and issues: O.V.E.R.
III. Valuation & investment strategy
IV. Top pick & stocks to watch
[Conclusion] Look to earnings improvements and dividend payout
The QSE Index gained 1.98% over the week to close at 12,133.23, with market capitalization increasing 1.3% to QR642.36 billion. Ezdan Holding Group was the best performing stock, gaining 8.19%, while QNB Group declined the most by 1.44%. Trading value increased 54.23% to QR1.53 billion due to higher trading in the banks and financial services sector. Foreign institutions remained net buyers during the week at QR161.1 million.
The document provides a daily technical analysis report on stocks traded on the Qatar Stock Exchange (QSE). It includes:
1) A summary of the previous day's performance of the QSE Index, noting it rose 1.6% and is hovering around its moving averages.
2) Analysis and price targets for two stocks - GISS and QEWS - noting bullish technical patterns and recommending buy points.
3) Tables with market indicators, index performance, stock prices and technical indicators like moving averages and Relative Strength Index values.
Este documento presenta un resumen de 3 oraciones o menos del Estatuto del Consumidor de Colombia. Establece los principios generales para proteger los derechos de los consumidores, como el derecho a recibir productos seguros e información adecuada. También define términos como "calidad", "garantía" y "producto defectuoso" y establece las obligaciones de los productores y proveedores de asegurar la calidad, seguridad e idoneidad de los productos.
The Qatari stock market gained slightly, led by real estate and telecom stocks. Ezdan Holding and Islamic Holding were the top gainers, while Qatar Insurance fell the most. Other GCC markets were mixed, with Saudi Arabia and Kuwait rising slightly and Abu Dhabi and Dubai declining. Earnings news saw mixed results reported from companies in Qatar, Dubai, Abu Dhabi, Bahrain and Saudi Arabia. Qatar continued plans to expand in Southeast Asia and raised the foreign ownership limit for Commercial Bank of Qatar shares.
QNBFS Daily Market Report December 12, 2017QNB Group
The QSE Index rose 1.2% to close at 7,923.1. Gains were led by the Real Estate and Banks & Financial Services indices, gaining 2.8% and 1.6%, respectively.
QNBFS Daily Market Report September 05, 2016QNB Group
The QSE index rose slightly by 0.1% despite selling pressure from Qatari and GCC shareholders. Gains were led by the Insurance and Industrials indices. Top gainers were Qatar Insurance Co. and Vodafone Qatar, while the biggest loser was Qatar General Insurance & Reinsurance Co. Trading volume on the QSE fell by around 68.9% compared to the previous day. Regional indices were mixed with Saudi Arabia and Oman up while Abu Dhabi and Kuwait declined.
The QE index in Qatar rose 0.2% led by gains in the transportation and telecom sectors. Qatar Gas Transport Co. and Qatari Investors Group were the top gainers rising 3.8% and 2.6% respectively, while Qatar General Ins. & Rein. Co. fell 5.0%. Regional indices were mixed with Saudi Arabia and Kuwait rising while Dubai and Abu Dhabi fell.
The QE Index in Qatar rose slightly by 0.1% led by gains in the telecom and consumer goods sectors. Qatari Investors Group and Al Khalij Commercial Bank were the top gainers while Ahli Bank and Qatar General Insurance fell. Regional markets were mixed with Dubai up and Saudi Arabia and Abu Dhabi down. Real estate indices declined in Saudi Arabia and Abu Dhabi while telecoms gained in Qatar. Ezdan reported a 91.4% rise in Qatari real estate transactions for August.
QNBFS Daily Market Report February 5, 2017QNB Group
The QSE Index declined 0.2% with losses led by the Telecom and Insurance indices. Ahli Bank and Aamal Co. were the top losers. Qatar Islamic Insurance Co. and Masraf Al Rayan were among the top gainers. Volume traded on the QSE fell by 25.5% compared to the previous day. Industries Qatar posted a 4Q2016 net profit of QR230mn, below estimates due to impairment charges, and reduced its dividend to QR4 per share.
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 QSE Index declined 0.4% to close at 8,856.9. Losses were led by the Telecoms and
Banks & Financial Services indices, falling 1.3% and 0.6%, respectively.
- The QSE Index in Qatar declined 0.2% while indices in other Gulf markets were mixed with Saudi Arabia up 0.6% and Abu Dhabi down 0.2%.
- In Qatar, Qatar Fuel fell 7.1% and Qatar Cinema fell 2.7% as the top losers while Qatari Investors rose 5.9% and Al Meera rose 3.6% as the top gainers.
- Trading volume on the QSE rose 42.9% compared to the previous day but was 26.5% lower than the 30-day moving average.
The QSE Index in Qatar gained 1.1% led by the Real Estate and Telecom indices. Ezdan Holding Group and Qatar Industrial Manufacturing Co. were the top gainers. The indexes for Saudi Arabia, Kuwait, Oman and Bahrain declined while the indexes for Dubai and Abu Dhabi rose. Volume on the QSE rose significantly but was still well below its 30-day average. News briefs discussed upcoming financial reports from Qatari banks, new fuel stations and roads in Qatar, and proposals for a European deposit insurance scheme.
The QSE Index in Qatar gained 0.1% on the day. Gains were led by the Real Estate and Banks & Financial Services indices. QNB Group and Barwa Real Estate Co. were the top gainers while Qatar Islamic Bank fell the most. Overall trading activity was lower than the 30-day average. In other GCC markets, indices fell in Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain. Global economic data showed mixed results with UK public finances improving but foreign direct investment into China declining more than expected.
The QSE Index in Qatar rose 0.8% led by gains in the real estate and telecom indices. Saudi Arabia's TASI index rose 1.8% led by petrochemical and industrial investment indices. Indices in Dubai, Abu Dhabi, Kuwait, Oman and Bahrain also rose modestly. Trading activity increased significantly in Qatar with volume up 43.5% and value traded rising 28.2% compared to the previous day. Top gainers were Qatar German Co for Medical Devices and Aamal Co, while top loser was Salam International Investment Co.
- The QE Index in Qatar declined 2.0% due to losses in the Industrials and Banks & Financial Services indices. Mesaieed Petrochemical and Qatari German Company for Medical Devices were the top losers.
- Regional markets in Saudi Arabia, Dubai, Abu Dhabi, and Bahrain saw gains, while the market in Oman declined slightly.
- Trading activity on the Qatari market increased compared to the previous day and 30-day average, with Mesaieed Petrochemical and Ezdan Holding among the most active stocks.
QNBFS Daily Market Report February 03, 2020QNB Group
The QE Index declined 0.8% to close at 10,362.0. Losses were led by the Consumer Goods & Services and Banks & Financial Services indices, falling 3.1% and 0.6%, respectively.
The QE index in Qatar declined 1.0% due to losses in the banking and industrial sectors. Top losers were Qatar German Co. for Med. Dev. and QNB Group. Regional markets were mixed with Dubai and Abu Dhabi rising while Saudi Arabia declined marginally. News included Qatari insurers' assets totaling QR15.9bn in 2012, Cabinet approving rent dispute panels, and potential increases in rents at Barwa Village. Vodafone Qatar appointed new directors and Ahli Bank and Alijarah will disclose upcoming quarterly results. The IMF approved the next $1bn tranche for Ireland's bailout program.
- The QSE Index in Qatar declined 2.5% led by losses in the Telecom and Insurance indices. Islamic Holding Group and Gulf Warehousing Co. were the top losers.
- Regional indices were mixed with Saudi Arabia up 0.3% while Dubai fell 3.2% and Abu Dhabi declined 1.4%.
- In Qatar news, Doha Bank imported a record amount of gold to meet demand, QPMC signed a supply deal with Oryx for 2 million tons of quarry products, and Ooredoo Maldives won an ISP license. Vodafone Qatar also boosted its network in Al Wakrah and Al Wukair.
2 June 2013: The QE index gained marginally to close at 9,239.2. Gains were led by the Transportation and Telecoms indices, gaining 3.6% and 1.8% respectively. Top gainers were Qatar Navigation and Qatar Gas Transport Co., rising 4.7% and 3.6% respectively. Among the top losers, Islamic Holding Group fell 2.6%, while QNB Group declined 2.5%
The QSE Index declined 1.2% led by losses in the Telecom and Real Estate indices. Ooredoo and Gulf Warehousing Co. were the top losers. Regional markets were mixed with Saudi Arabia and Oman rising while Abu Dhabi, Kuwait, and Bahrain fell. Volume on the QSE fell 48.8% compared to the previous day. Ashghal launched a major infrastructure project in Al Sailiya costing over QR573m.
The QSE Index declined 0.5% led by losses in the Telecom and Insurance indices. Qatar General Insurance and Reinsurance Co. and Al Khaleej Takaful Group were the top losers, falling 9.7% and 3.1% respectively. Regional markets were also down except for Kuwait which rose 0.2%.
The QSE Index in Qatar rose 0.4% led by gains in the transportation and telecom indices. Gulf Warehousing Co. and Qatar Navigation were the top gainers while Al Khalij Commercial Bank fell the most. Trading volume increased compared to the previous day. Regional indices were mixed with Saudi Arabia and Kuwait up while Abu Dhabi fell. Nakilat raised its foreign ownership limit and Qatar will continue major infrastructure projects despite falling oil prices on the back of strong finances.
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.
QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...
Daily market report
1. Page 1 of 6
QSE Intra-Day Movement
Qatar Commentary
The QSE Index declined 0.2% to close at 11,873.6. Losses were led by the
Insurance and Telecoms indices, falling 1.5% and 1.2%, respectively. Top
losers were Qatar Insurance Co. and Vodafone Qatar, falling 2.0% and 1.5%,
respectively. Among the top gainers Qatar German Co for Medical Devices rose
5.6%, while Mannai Corp. was up 1.5%.
GCC Commentary
Saudi Arabia: The TASI Index fell 0.2% to close at 9,544.5. Losses were led
by the Energy & Utilities and Transport indices, falling 1.5% and 1.1%,
respectively. Allied Coop. Ins. fell 6.5%, while SABB Takaful was down 4.4%.
Dubai: The DFM Index declined 0.9% to close at 4,079.1. The Financial & Inv.
Ser. index fell 2.0%, while Real Estate & Const. index declined 1.5%. Dubai
Refreshments fell 10.0%, while Int. Financial Advisors was down 4.2%.
Abu Dhabi: The ADX benchmark index fell 0.1% to close at 4,545.1. The Real
Estate index declined 1.7%, while the Consumer index fell 0.9%. Gulf Cement
Co. declined 3.7%, while Arkan Building Materials Co. was down 2.9%.
Kuwait: The KSE Index declined 0.3% to close at 6,258.7. The Financial
Services and Real Estate indices fell 0.8% each. Sanam Real Estate Co.
declined 8.8%, while Al-Massaleh Real Estate Co. was down 7.1%.
Oman: The MSM Index fell marginally to close at 6,493.8. The industrial index
declined marginally, while the other indices ended in green. Oman Flour Mills
fell 2.4%, while Al Batinah Power was down 1.9%.
Bahrain: The BHB Index gained marginally to close at 1,364.9. The
Investment index rose 0.1%, while the other indices ended flat. Esterad
Investment Co. was the only gainer which gained 5.0%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Qatar German Co for Medical Dev. 17.05 5.6 584.2 68.0
Mannai Corp. 112.00 1.5 33.1 2.8
Qatar Industrial Manufacturing Co. 46.00 1.0 3.4 6.1
Ezdan Holding Group 17.13 0.6 984.3 14.8
Qatar Gas Transport Co. 22.30 0.5 35.4 (3.5)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Vodafone Qatar 16.35 (1.5) 1,420.4 (0.6)
Ezdan Holding Group 17.13 0.6 984.3 14.8
Qatar German Co for Medical Dev. 17.05 5.6 584.2 68.0
Barwa Real Estate Co. 52.10 0.2 497.1 24.3
Aamal Co. 15.04 0.3 258.3 3.9
Market Indicators 16 June 15 15 June 15 %Chg.
Value Traded (QR mn) 208.3 211.6 (1.6)
Exch. Market Cap. (QR mn) 632,096.8 633,492.0 (0.2)
Volume (mn) 5.6 5.0 12.8
Number of Transactions 3,586 2,582 38.9
Companies Traded 41 39 5.1
Market Breadth 14:23 24:13 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 18,452.11 (0.2) (0.1) 0.7 N/A
All Share Index 3,180.76 (0.2) 0.1 0.9 13.4
Banks 3,119.95 (0.2) 0.0 (2.6) 14.1
Industrials 3,849.24 (0.1) 0.0 (4.7) 13.6
Transportation 2,453.92 0.0 (0.4) 5.8 13.6
Real Estate 2,674.47 0.3 0.6 19.2 9.4
Insurance 4,752.67 (1.5) 0.1 20.1 21.9
Telecoms 1,169.96 (1.2) (1.3) (21.2) 23.5
Consumer 7,440.89 (0.0) 0.2 7.7 28.9
Al Rayan Islamic Index 4,623.28 (0.2) (0.0) 12.7 14.1
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
Nat. Medical Care Co. Saudi Arabia 67.89 2.5 511.6 23.8
United Electronics Co. Saudi Arabia 80.56 2.0 518.3 20.1
Saudi Airlines Catering Saudi Arabia 158.14 1.9 339.3 (14.9)
Dallah Healthcare Hol. Saudi Arabia 142.67 1.8 70.7 9.8
Nat. Marine Dredging Abu Dhabi 4.60 1.8 1.0 (33.3)
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
Salhia Real Estate Co. Kuwait 0.34 (2.9) 5.0 (10.7)
Dubai Financial Market Dubai 1.96 (2.5) 4,668.6 (2.5)
Herfy Food Services Saudi Arabia 121.01 (2.4) 46.0 24.5
Dubai Investments Dubai 2.87 (2.0) 4,485.8 27.8
Med. & Gulf Ins. Saudi Arabia 49.48 (2.0) 401.1 (1.2)
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%
Qatar Insurance Co. 97.40 (2.0) 22.2 23.6
Vodafone Qatar 16.35 (1.5) 1,420.4 (0.6)
Al Khaleej Takaful Group 42.70 (1.4) 7.4 (3.3)
Commercial Bank of Qatar 53.60 (1.3) 136.1 (13.9)
Gulf Warehousing Co. 74.10 (1.2) 5.8 31.4
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Barwa Real Estate Co. 52.10 0.2 25,927.3 24.3
QNB Group 184.70 (0.2) 23,750.8 (13.2)
Vodafone Qatar 16.35 (1.5) 23,631.9 (0.6)
Ezdan Holding Group 17.13 0.6 16,858.5 14.8
Ooredoo 86.60 (1.1) 14,299.1 (30.1)
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* 11,873.55 (0.2) (0.1) (1.5) (3.4) 57.18 173,573.8 12.5 1.9 4.3
Dubai 4,079.05 (0.9) 0.2 4.0 8.1 257.38 99,505.1 9.4 1.5 5.3
Abu Dhabi 4,545.11 (0.1) (0.2) 0.4 0.4 24.87 123,148.3 11.5 1.4 4.9
Saudi Arabia 9,544.51 (0.2) 0.3 (1.5) 14.5 1,324.99 559,152.0 20.0 2.3 2.8
Kuwait 6,258.69 (0.3) (0.4) (0.5) (4.2) 43.33 97,718.4 15.6 1.0 4.3
Oman 6,493.78 (0.0) 0.2 1.7 2.4 9.97 24,829.4 9.4 1.4 4.0
Bahrain 1,364.91 0.0 (0.2) 0.1 (4.3) 3.97 21,346.5 8.8 1.0 5.1
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)
11,860
11,880
11,900
11,920
11,940
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00
2. Page 2 of 6
Qatar Market Commentary
The QSE Index declined 0.2% to close at 11,873.6. The
Insurance and Telecoms indices led the losses. The index fell on
the back of selling pressure from non-Qatari and GCC
shareholders despite buying support from Qatari shareholders.
Qatar Insurance Co. and Vodafone Qatar were the top losers,
falling 2.0% and 1.5%, respectively. Among the top gainers
Qatar German Co for Medical Devices rose 5.6%, while Mannai
Corp. was up 1.5%.
Volume of shares traded on Tuesday rose by 12.8% to 5.6mn
from 5.0mn on Monday. However, as compared to the 30-day
moving average of 15.9mn, volume for the day was 64.7% lower.
Vodafone Qatar and Ezdan Holding Group were the most active
stocks, contributing 25.4% and 17.6% to the total volume,
respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Global Economic Data
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
06/16 US US Treasury Net Long-term TIC Flows April $53.9B – $25.6B
06/16 US U.S. Census Bureau Housing Starts MoM May -11.10% -4.00% 22.10%
06/16 US U.S. Census Bureau Building Permits MoM May 11.80% -3.50% 9.80%
06/16 EU ZEW ZEW Survey Expectations June 53.7 – 61.2
06/16 UK ONS CPI YoY May 0.10% 0.10% -0.10%
06/16 UK ONS CPI Core YoY May 0.90% 1.00% 0.80%
06/16 UK ONS RPI YoY May 1.00% 1.10% 0.90%
06/16 UK ONS PPI Input NSA YoY May -12.00% -11.30% -11.00%
06/16 UK ONS PPI Output NSA YoY May -1.60% -1.60% -1.70%
06/16 UK ONS PPI Output Core NSA YoY May 0.10% 0.10% 0.10%
06/16 UK ONS ONS House Price YoY April 5.50% – 9.60%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
BCG: Qatar’s private wealth held in equities to rise by 15%;
has third highest density of millionaires – The Boston
Consulting Group (BCG) has stated in its “Global Wealth 2015“
report that private wealth held in equities is expected to increase
at a compound annual growth rate (CAGR) of 15% over the next
five years in Qatar. Private wealth in Qatar witnessed a
significant growth in 2014, mainly driven by a rise in equities.
The BCG report said the trend in recent years has been a rising
share of private wealth held in equities: from 31% in 2009 to
39% in 2014 (and an estimated 42% in 2019). This trend has
been driven both by strong equity returns and by increasing
asset allocations in equities. The share of private wealth held in
equities in the Middle East and Asia (MEA) stood at 27% in
2014. Further, BCG said Qatar has the world’s third-highest
density of millionaires with 116 of every 1,000 households
holding over $1mn in private wealth. The BCG’s ‘Global Wealth
2015: Winning the Growth Game’ report stated that the highest
density of millionaires in the world was in Switzerland, followed
by Bahrain and Qatar. During 2014, in Qatar, 86 of every 1,000
households had private wealth above $100mn. In 2013, Qatar
was ranked number 1 in the world by proportion of millionaire
households. Based on BCG’s study, private wealth in Qatar
grew by 6.5% in 2014, driven mainly by equities. (Peninsula
Qatar)
QCSD raises ERES’ foreign ownership to 49% – The Qatar
Central Securities Depository (QCSD) has amended the foreign
ownership percentage in Ezdan Holding Group’s (ERES)
shares, increasing it to 49% of the total capital effective from
June 17, 2015. This amendment is pursuant to Law no. 9 that
allows foreign investors to own shares in listed companies by no
more than 49% of each company’s capital listed on the Qatar
Stock Exchange. The law also provides for the treatment of the
GCC citizens as Qataris in terms of owning shares of listed
companies. (QSE)
Amlak signs MoU with Kahramaa for energy conservation –
Amlak, the Qatari holding company which manages a portfolio of
assets, has signed a MoU with Qatar General Electricity and
Water Corporation (Kahramaa), through the National Program
for Conservation & Energy Efficiency, ‘Tarsheed’. The MoU aims
to strengthen the common interest of both sides in preserving
natural resources, particularly conservation and efficient use of
water and electricity in the tourism industry for economic and
social benefits of present and future generations. Kahramaa,
through Tarsheed, has implemented conservation, energy and
water efficiency projects by adopting and implementing
initiatives related to regulations, standards, laws, social
awareness, renewable energy technology, and collaborating
with authorities. Amlak and Kahramaa will work together on
projects to promote energy efficiency, environmental protection
and energy consumption conservation. (Peninsula Qatar)
Qatar's real estate trades reaches QR1.3bn last week – The
Land Registry Department of the Ministry of Justice, in its
weekly bulletin, reported that total trading of real estate sales
contracts between June 7 and 11 reached QR1.3bn. The real
estate sales included lands as well as multi-use housing units
Overall Activity Buy %* Sell %* Net (QR)
Qatari 57.50% 51.27% 12,966,938.63
GCC 4.06% 10.23% (12,848,205.55)
Non-Qatari 38.45% 38.51% (118,733.08)
3. Page 3 of 6
and buildings. The sales were centered in Doha, Umm Salal, Al
Khor, Al Dhakira, Al Zain, Al Rayyan and Al Wakra
municipalities. (QNA)
QA posted $103mn profit last financial year; named best
airline for 2015 by Skytrax – Qatar Airways (QA) CEO Akbar al
Baker said QA made an annual profit of $103mn in the last
financial year. The financial year of QA runs from April to March.
Meanwhile, QA has been named the Best Airline in the World for
2015 by leading aviation consumer website, Skytrax.
Additionally, the airline also won Best Airline in the Middle East
and Best Business Class seat title. (Qatar Tribune, Bloomberg)
Lusail launches second phase sales of Qetaifan Islands –
Lusail Real Estate Development Company has launched the
second stage of luxury villa sales at Qetaifan Islands. The villas
will be sold exclusively to Qataris through a public offering
system, whereby buyers will be drawn from a pool of applicants.
The public offering will be organized in close cooperation with
government authorities. (Gulf-Times.com)
ORDS’ to update TETRA system soon – Ooredoo (ORDS) will
launch an updated Terrestrial Trunked Radio (TETRA) service
that gives subscribers the ability to track and monitor their
assets and people — the Automatic Vehicle Location Service
(AVLS). (Peninsuala Qatar)
Ashghal: Part of road to close for tunnel work – The Public
Works Authority (Ashghal) said exit and entry points on Al
Rayyan Road to Jassim Bin Hamad Street will be closed for a
length of about 250 meters in the vicinity of Al Rayyan Village
compound from June 19, 2015. The closure will be in place for
three months. The closure is to complete the northern section of
a proposed tunnel that will pass under Al Rayyan Road.
(Peninsula Qatar)
Government Communication Office to be set up – HH the
Emir Sheikh Tamim bin Hamad al-Thani has issued Emiri
Decision No. 27 of 2015, amending some provisions of Emiri
Decision No. 15 of 2014 on the regulation of the cabinet. The
decision stipulates that Article No. 5 is to be added to Emiri
Decision No. 15 of 2014, establishing the Government
Communication Office. It will fall under the direct jurisdiction of
the Prime Minister and headed by a director, who also serves as
the official spokesperson and is appointed via a decision by the
Prime Minister. The office shall have some powers, including
coordination with the Foreign Ministry and other government
bodies on the unification of visions and stances towards issues
related to the state and its foreign policy as well enhancing
media relations with media outlets on the domestic, regional and
international fronts. (Gulf-Times.com)
MoI announces office timings for Ramadan – The Ministry of
Interior (MoI) has announced the Ramadan timings of its
departments. The General Directorate of Nationality, Borders
and Expatriate Affairs and all its departments will work in two
shifts - 8am to 1pm and 9pm to 1am. The General Directorate of
Traffic and all its departments will work in two shifts as well -
9am to 2pm and 9pm to 1am. Meanwhile, the Supreme
Education Council has issued a new timing for all the schools
during Ramadan - schools will function from 9 am to 2 pm from
June 18, 2015. (Gulf-Times.com)
QSE announces Ramadan business hours – The Qatar Stock
Exchange (QSE) has announced that the trading hours during
Ramadan will remain unchanged from 09:30am to 1:15pm with
a pre-opening session starting at 09:00am and ending at
09:30am. For all other business and services, the official
working hours will be from 08:30am to 1:30pm. (QSE)
International
US building permits near eight-year high in May – US
permits for future home construction surged to a near eight-year
high in May, suggesting a building up of momentum in housing
and the broader economy after a dismal performance at the start
of 2015. According to data published by the Commerce
Department, building permits jumped 11.8% to a seasonally
adjusted annual pace of 1.28mn units, the highest since August
2007. It was the second straight month of increase. Permits
have been above a 1mn-unit pace since July. Groundbreaking
dropped 11.1% to a 1.04mn-unit rate. Though that partially
reversed the prior month's large gain, April starts were revised
up to a 1.17mn-unit rate, the highest since November 2007.
Home building has regained ground lost during a harsh winter
and there are signs activity will accelerate this year as tightening
labor market conditions spur stronger wage gains and
encourage young adults to move from their parents' basements.
(Reuters)
German investor confidence drops over Greece related
concerns – German investor confidence fell for a third month as
the risk of a Greek debt default stoked uncertainty in Europe’s
largest economy. The ZEW Center for European Economic
Research said its index of investor and analyst expectations,
which aims to predict economic developments six months in
advance, slid to 31.5 in June from 41.9 in May. That is the
lowest level since November 2014. ZEW President Clemens
Fuest said external factors are reducing the scope for further
improvement of Germany’s good economic situation. These
include, in particular, the ongoing uncertainty over Greece’s
future and the restrained dynamic of the global economy. A
measure of the current situation in Germany slid to 62.9 in June
from 65.7. (Bloomberg)
Japan May exports grow below forecast – According to data
released by the Ministry of Finance, Japan’s overseas
shipments climbed 2.4% YoY in May, below an estimated 3%
gain. The exports rose at the slowest pace in May since a
decline in August 2014, sapping a recovery in the world’s third-
biggest economy. The volume of exports fell for the first time
since February, down 3.8%. Sluggish exports could weigh on
industrial production as manufacturers try to work off an
inventory buildup that helped drive a faster economic expansion
in 1Q2015. Overall, imports slid 8.7%, leaving a yen 216bn trade
deficit. The value of Japan’s exports to China rose 1.1%,
registering the smallest increase since a drop in February, while
shipment volumes fell 4.5%. Export volumes to the US fell 6.7%,
the biggest drop since March 2013, with shipments of auto parts
sliding 15.6%. (Bloomberg)
Brazil retail sales decline unexpectedly in April – Brazil’s
retail sales in April unexpectedly declined as the prospect of
recession undermines confidence in Latin America’s largest
economy. The national statistics agency said that sales dropped
0.4% after a revised 1% decline in March. Sales of food,
beverages & tobacco at hypermarkets and supermarkets rose
1.9% after a 2.2% drop in March. Articles for personal and
domestic use fell 5.1%, while furniture and appliances dropped
3.1%. On a YoY basis, retail sales declined 3.5% in April as
compared to a 0.3% gain in March. The broader retail index,
which includes cars and construction materials, tumbled 8.5%
YoY. The combination of above-target inflation that’s eating into
real wages, the highest interest rates since 2009, rising
joblessness and depressed sentiment have weighed on sales.
(Bloomberg)
Citigroup: El Nino poses risk for global economy –
According to Citigroup Inc., El Nino poses a risk for the global
economy in 2H2015 because the event may hurt crops and
boost world food inflation. The bank said that the weather
4. Page 4 of 6
pattern, which can cause droughts in Asia and wetter summers
in North America, may increase returns from grains by as much
as 25% and lead to higher retail food prices. Australia declared
the El Nino in May 2015, the first since 2010, and says it shows
signs reminiscent of the most severe event in 1997-1998. The
US predicts the pattern may last through January and beyond,
while India expects it to crimp the 2015 monsoon, hurting food
output. The bank does not expect any dramatic El Nino effect on
industrial metals and no price impact on precious metals. There
is no discernible bias from the event for coffee or cocoa prices.
(Bloomberg)
Regional
NBAD: Oil slump to cost GCC $240bn in assets – Alp Eke,
Director & Senior Economist at the National Bank of Abu
Dhabi’s (NBAD) economic department, said that countries in the
GCC region, including the UAE and Saudi Arabia, stand to lose
$240bn in hard-earned assets in 2015 if oil prices will remain at
low levels, or average at $55 per barrel, for the rest of 2015. The
GCC governments have been urged to find other sources of
revenue amid low oil prices, cut subsidies and budgets, and
curtail excessive government spending, to avoid job losses,
project cancellations, low bank liquidity and other economic
challenges. He said the biggest loss will be incurred by Saudi
Arabia, estimated to be around $160bn, while the UAE will lose
around $55bn. Oman and Bahrain are likely to face difficulty, as
well, with both expected to sustain fiscal deficits of 13% and
13.5%, respectively. They are also forecasted to register current
account deficits of 17% and 10%, respectively. (GulfBase.com)
SACO opens new store in Saudi Arabia – Saudi Company for
Hardware (SACO) has opened a new store in Riyadh, taking the
total number of SACO stores to 24 in the Kingdom. This
expansion will increase the turnover and profitability for the
shareholders. The financial impact for this new opening will start
from 2Q2015. (Tadawul)
GASCO BoD recommends SR26.25mn dividend for 2Q2015
– National Gas and Industrialization Company’s (GASCO) board
of directors (BoD) has recommended the distribution of 3.5%
dividend (SR0.35 per share), amounting to SR26.25mn for
2Q2015. Shareholders, who are registered in the registers of the
Securities Depository Center (Tadawul) on June 30, 2015, will
be eligible to receive the dividend. The dividend will be
distributed on July 16, 2015. (Tadawul)
Dur Hospitality, RCJY sign land lease agreement to build 3-
star hotel in Yanbu – Saudi-based property & hotel developer,
Dur Hospitality Company, has signed a 40 years land lease
agreement of 7,600 square meters in Yanbu with the Royal
Commission for Jubail and Yanbu (RCJY). The company
intends to invest the leased land in establishing a 3-star hotel in
Yanbu. This project is expected to take about three years once
the architectural design is complete, and will be reflected in the
company's financial statement in 3Q2018. This step is in line
with the company's strategy to develop hotels in emerging cities
across Saudi Arabia. (GulfBase.com)
ATMC secures SAMA final conditional approval for
protection and savings products – Alinma Tokio Marine
Company (ATMC) has obtained Saudi Arabian Monetary
Agency’s (SAMA) final conditional approval for protection and
savings products. The products include platinum savings
program, gold savings program, istithmar program, zawaaj
program and taaleem program. (Tadawul)
BCG: Private wealth in UAE to hit $1tn in 2019 – Boston
Consulting Group (BCG) in its ‘Global Wealth 2015: Winning the
Growth Game’ report said that private wealth in the UAE is
projected to post a compound annual growth rate (CAGR) of
10.7% to reach an estimated $1tn in 2019. In the UAE, the
growth of private wealth was driven mainly by equities. After all,
between 2013 and 2014, the amount of wealth held in equities
rose by 13.8% across the nation as compared to 1.6% for
bonds, and 6.9% for cash and deposits. Based on BCG’s
comprehensive study, the UAE is poised for further growth in the
next five years, with the wealth breakdown anticipated to be
43% in cash and deposits, 9% in bonds, and 47% in equities.
Over the next five years, across the UAE, private wealth held in
equities is expected to increase at a CAGR of 18.5%. In parallel,
bonds as well as cash and deposits will grow by 3.8% and 6.2%,
respectively. (GulfBase.com)
Glass set to boost 30% regional market share in coated
glass – Glass LLC, the glass holding company of Dubai
Investments (DI), has targeted aggressive growth across its five
subsidiaries in 2015 and aims to boost its 30% market share in
the coated glass sector across the GCC countries in line with
escalating demand for glass products amid rampant
construction in the region. The company announced that sales
for its Emicool Solite spectrally selective glass range from its
subsidiary Emirates Glass LLC is expected to grow by 200% at
the end of 2015. Glass had generated combined revenues of
over AED180mn in 2014. (DFM)
ENOC to buy 46% stake in Dragon Oil – Emirates National Oil
Company (ENOC) has agreed to buy a 46% stake in Dragon Oil
after slightly increasing its offer. The companies have agreed on
ENOC’S revised offer of £7.50 per share for Dragon, which
values the entire company at about £3.7bn. This represents an
increase of just 15 pence, or 2%, above the offer ENOC made in
May 2015. But it is a 47% premium to Dragon’s share price of
just above £5.09 in early March 2015, when ENOC first formally
announced through the London and Irish stock exchanges,
where Dragon Oil shares are listed, that it had approached the
company. Dragon Oil itself has struggled to diversify away from
its main asset, the Cheleken project in Turkmenistan. The
company had reached its targeted production of 100,000 barrels
per day (bpd) and is expecting Cheleken to keep producing at
that level in 2015. (GulfBase.com)
Agthia to expand product offerings, regional presence –
Abu Dhabi-based Emirates FoodStuff & Mineral Water Company
(Agthia) is set to expand its product offerings as well as its
presence in the region, with the expansion being backed by an
AED200mn investment. The company’s expansion plans will
focus on its core categories, which include water, flour, and
animal feed, and acquiring a greater market share in those
areas. (GulfBase.com)
NBAD Sukuk Income Fund earns totat income equivalent to
2.22% of NAV – National Bank of Abu Dhabi (NBAD) Sukuk
Income Fund has earned a total income of $673,894.69
equivalent to 2.22% of the net asset value (NAV) as of May 28,
2015, including the intended dividend payment of $0.11 per unit.
Investors eligible to receive the payment were units holders
recorded on the fund’s register as of May 28, 2015, and which
took into consideration any subscription amounts and
redemption requests accepted by the fund by the close of May
27, 2015, and scheduled for processing based on the NAV of
May 28, 2015. (GulfBase.com)
Abu Dhabi expected to launch 'rent index' by 2015-end –
Abu Dhabi Department of Municipal Affairs is likely to unveil a
provisional rent index by 2015-end. The DMA, the Department
of Economic Development, the UPC and the Abu Dhabi Council
for Economic Development are working on compiling the rent
index. (GulfBase.com)
5. Page 5 of 6
Abu Dhabi sees record 3.9mn guest arrivals in January-
April 2015 – The number of guest arrivals into Abu Dhabi during
January-April 2015 increased by 20% as against 2014,
prompting the Abu Dhabi Tourism & Culture Authority to
increase the 2015 guest arrivals target to 3.9mn from 3.5mn.
The 1,370,241 guest arrivals delivered 3,899,135 guest nights,
reflecting an increase of 11% for the same period in 2014. More
than one million people stayed in the emirate’s 161 hotels and
hotel apartments. Occupancy during January-April 2015 period
increased marginally to 79% as compared to 2014, while
revenue from hotel establishments recorded a 12% increase.
Room revenue increased by 16%, while food and beverage
revenue increased by 3%. (GulfBase.com)
IDB signs MoU with Abu Dhabi Ports to boost investments
– The Industrial Development Bureau of the Department of
Economic Development (IDB) has signed a MoU with Abu Dhabi
Ports to establish a joint-program that will help attract industrial
investments. The agreement establishes a framework for mutual
cooperation and collaboration, strengthening dialogue between
the two organizations and deepening technical knowhow on how
best to facilitate industrial growth for Abu Dhabi. (GulfBase.com)
Japan-Oman investment agreement expected in 2Q2015 –
Japan and Oman are expected to sign their investment
agreement in 2Q2015. This agreement will boost bilateral trade
by attracting increased Japanese investment as a result of
minimized conditions for investment in Oman as well as setting
clear rules for cases of deterioration in the investment
environment. (GulfBase.com)
ACWA Power Barka reports OMR2.47mn net profit during
January-April 2015, BoD recommends 12% cash dividend –
ACWA Power Barka generated revenues of OMR14.1mn during
January-April 2015 as compared to OMR11.72mn during
January-April 2014. ACWA’s net profit during January-April 2015
stood at OMR2.47mn as compared to OMR2.83mn for the same
period in 2014. Moreover, the board of directors has
recommended the distribution of 12% cash dividend, amounting
to OMR1.92mn based on the retained earnings as per the
audited financial statements as of December 31, 2014. The
record date for the distribution of dividend is June 25, 2015.
(MSM)
Renaissance Services to review MCB repurchase on July 6
– Renaissance Services’ board of directors has invited its
shareholders to attend the extraordinary general meeting (EGM)
on July 6, 2015. The EGM will discuss and approve the scheme
for the repurchase of 423,141,678 mandatory convertible bonds
(MCB) issued in 2012 with a total of OMR43.16mn subject to the
availability of financing. Additionally, the board will consider the
issuance of perpetual cumulative capital certificates by
Renaissance’s wholly-owned overseas subsidiary, with a
coupon to be determined at the time of issue based on market
conditions to raise up to $200mn through conventional or Sukuk
financing. (MSM)
EHC to proceed with Muscat Electricity disinvestment plans
– Electricity Holding Company (EHC) is planning to divest
stakes in its subsidiary Muscat Electricity Distribution Company
(MEDC) by way of an initial public offering (IPO), and has
started initial discussions with the Capital Market Authority. The
public issue of MEDC will have two objectives – allow public
participation in government firms and raise funds for meeting the
capital expenditure of the utility. MEDC recently said that it is
planning to invest OMR150mn in the next three years, until
2017. The company will invest OMR50mn per year as part of an
ambitious investment plan during 2015-2017 to support a
growing grid load and to reach out to more customers.
(GulfBase.com)
MDT wins ORPIC’s Sohar Refinery contract – German power
and process engineering solutions provider MAN Diesel & Turbo
(MDT) has secured a multi-million euro contract to support a
major maintenance turnaround of Oman Oil Refineries and
Petroleum Industries Company’s (ORPIC) Sohar refinery during
1Q2016. Officials at the firm’s Deggendorf plant in southern
German announced that they are mobilizing a team of around
100 specialists to carry out a revamp of the refinery’s
centrepiece Residue Fluid Catalytic Cracking (RFCC) process
unit planned during the turnaround. (GulfBase.com)
ABG to open Morocco bank in 1Q2016 – Bahrain-based Al
Baraka Banking Group (ABG) is planning to launch an Islamic
bank in Morocco early in 2016, after receiving approval from the
country's central bank and is looking to expand into East Africa.
The new bank will be equally owned by Al Baraka and Banque
marocaine du commerce extérieur (BMCE), and will start
operations in 1Q2016. (GulfBase.com)
6. Contacts
Saugata Sarkar Sahbi Kasraoui QNB Financial Services SPC
Head of Research Head of HNI Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6534 Tel: (+974) 4476 6544 PO Box 24025
saugata.sarkar@qnbfs.com.qa sahbi.alkasraoui@qnbfs.com.qa Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services SPC (“QNBFS”) a wholly-owned subsidiary of QNB SAQ (“QNB”). QNBFS is regulated by the
Qatar Financial Markets Authority and the Qatar Exchange QNB SAQ 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. QNBFS accepts no liability
whatsoever for any direct or indirect losses arising from use of this report. Any investment decision should depend on the individual circumstances of the investor and be based on specifically
engaged investment advice. We therefore strongly advise potential investors to seek independent professional advice before making any investment decision. Although the information in this report
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Page 6 of 6
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
May-11 May-12 May-13 May-14 May-15
QSEIndex S&PPan Arab S&PGCC
(0.2%) (0.2%) (0.3%)
0.0%
(0.0%) (0.1%)
(0.9%)
(2.0%)
(1.5%)
(1.0%)
(0.5%)
(0.0%)
0.5%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,182.15 (0.4) 0.0 (0.2) MSCI World Index 1,763.68 0.4 (0.4) 3.2
Silver/Ounce 16.03 (0.3) 0.4 2.1 DJ Industrial 17,904.48 0.6 0.0 0.5
Crude Oil (Brent)/Barrel (FM
Future)
63.70 1.7 (0.3) 11.1 S&P 500 2,096.29 0.6 0.1 1.8
Crude Oil (WTI)/Barrel (FM
Future)
59.97 0.8 0.0 12.6 NASDAQ 100 5,055.55 0.5 0.1 6.7
Natural Gas (Henry
Hub)/MMBtu
2.94 2.5 6.2 (2.0) STOXX 600 385.49 0.3 (1.3) 4.6
LPG Propane (Arab Gulf)/Ton 36.88 (0.3) (11.1) (24.7) DAX 11,044.01 0.2 (1.6) 4.2
LPG Butane (Arab Gulf)/Ton 49.25 (1.0) (7.1) (21.5) FTSE 100 6,710.10 0.3 (0.6) 2.5
Euro 1.12 (0.3) (0.2) (7.0) CAC 40 4,839.86 0.2 (1.5) 5.2
Yen 123.36 (0.0) (0.0) 3.0 Nikkei 20,257.94 (0.6) (0.8) 12.4
GBP 1.56 0.3 0.6 0.5 MSCI EM 965.34 (0.5) (1.4) 0.9
CHF 1.07 (0.3) (0.4) 6.7 SHANGHAI SE Composite 4,887.43 (3.5) (5.4) 51.1
AUD 0.78 (0.2) 0.3 (5.2) HANG SENG 26,566.70 (1.1) (2.6) 12.6
USD Index 95.00 0.2 0.0 5.2 BSE SENSEX 26,686.51 0.1 0.7 (4.5)
RUB 53.79 (1.4) (2.6) (11.4) Bovespa 53,702.15 0.9 1.0 (8.4)
BRL 0.32 1.2 1.0 (14.2) RTS 978.29 2.2 2.9 23.7
170.6
140.6
127.5