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.
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.
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.
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 October 05, 2021QNB Group
The QE Index rose 0.4% to close at 11,512.3. Gains were led by the Industrials and Real Estate indices, gaining 0.6% each. Top gainers were Mannai Corporation and National Leasing, rising 8.4% and 6.5%, 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.
QNBFS Daily Market Report February 07, 2022QNB Group
The QE Index rose 0.2% to close at 12,678.3. Gains were led by the Industrials and Consumer Goods & Services indices, gaining 1.1% and 0.9%, respectively
The QE Index declined 0.4% to close at 10,794.3. Losses were led by the Industrials and Banks & Financial Services indices, falling 0.7% and 0.5%, respectively.
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 QE Index rose 2.3% to close at 12,948.8. Gains were led by the Banks & Financial Services and Transportation indices, gaining 3.9% and 2.4%, respectively.
QNBFS Daily Market Report October 05, 2021QNB Group
The QE Index rose 0.4% to close at 11,512.3. Gains were led by the Industrials and Real Estate indices, gaining 0.6% each. Top gainers were Mannai Corporation and National Leasing, rising 8.4% and 6.5%, 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.
QNBFS Daily Market Report February 07, 2022QNB Group
The QE Index rose 0.2% to close at 12,678.3. Gains were led by the Industrials and Consumer Goods & Services indices, gaining 1.1% and 0.9%, respectively
The QE Index declined 0.4% to close at 10,794.3. Losses were led by the Industrials and Banks & Financial Services indices, falling 0.7% and 0.5%, respectively.
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 QE Index rose 2.3% to close at 12,948.8. Gains were led by the Banks & Financial Services and Transportation indices, gaining 3.9% and 2.4%, respectively.
The QE Index declined 0.6% to close at 10,679.1. Losses were led by the Consumer Goods & Services and Real Estate indices, falling 1.3% and 1.0%, respectively.
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.
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 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.
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 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 rose 0.3% to close at 10,323.0. Gains were led by the Transportation and Industrials indices, gaining 0.8% each. Top gainers were Qatar Navigation and Al Khaleej Takaful Insurance Co., rising 3.3% and 2.0%, respectively.
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.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...Amil Baba Dawood bangali
Contact with Dawood Bhai Just call on +92322-6382012 and we'll help you. We'll solve all your problems within 12 to 24 hours and with 101% guarantee and with astrology systematic. If you want to take any personal or professional advice then also you can call us on +92322-6382012 , ONLINE LOVE PROBLEM & Other all types of Daily Life Problem's.Then CALL or WHATSAPP us on +92322-6382012 and Get all these problems solutions here by Amil Baba DAWOOD BANGALI
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what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
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Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
1. Page 1 of 5
QSE Intra-Day Movement
Qatar Commentary
The QSE Index declined 0.8% to close at 9,065.2. Losses were led by the Insurance
and Real Estate indices, falling 1.7% and 1.4%, respectively. Top losers were Qatar
Insurance Co. and Gulf Warehousing Co., falling 2.9% and 2.3%, respectively. Among
the top gainers, Doha Insurance Group rose 5.0%, while Qatar General Insurance &
Reinsurance Co. was up 4.7%.
GCC Commentary
Saudi Arabia: The TASI Index rose 0.2% to close at 7,225.4. Gains were led by the
REITs and Energy indices, rising 2.6% and 1.8%, respectively. AlJazira Mawten
REIT Fund rose 9.9%, while Amana Cooperative Insurance Co. was up 5.9%.
Dubai: The DFM Index declined 0.6% to close at 3,595.1. The Consumer Staples
index fell 1.6%, while the Financial and Investment Services index declined 0.9%.
International Financial Advisors fell 8.2%, while Marka was down 2.1%.
Abu Dhabi: The ADX benchmark index rose 0.1% to close at 4,494.9. The Energy
index gained 6.7%, while the Investment & Financial Services index rose 1.6%.
Dana Gas Co. gained 8.1%, while Ras Al-Khaimah Cement Co. was up 4.1%.
Kuwait: The KSE Index rose 0.2% to close at 6,913.4. The Insurance index gained
3.7%, while the Consumer Goods index rose 1.8%. Gulf Insurance Group gained
13.9%, while Amar Finance & Leasing Co. was up 11.8%.
Oman: The MSM Index rose 0.6% to close at 4,943.8. Gains were led by the Services
and Financial indices, rising 0.7% and 0.1%, respectively. Oman
Telecommunication rose 4.1%, while Gulf Investment Services was up 2.7%.
Bahrain: The BHB Index fell 0.2% to close at 1,309.8. The Investment index
declined 0.8%, while the Services index fell 0.1%. GFH Financial Group declined
2.0%, while Al Baraka Banking Group was down 1.2%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Doha Insurance Group 14.39 5.0 2.9 (20.9)
Qatar General Ins. & Reins. Co. 32.25 4.7 7.3 (31.4)
Qatar Oman Investment Co. 8.64 2.6 17.8 (13.2)
Qatar International Islamic Bank 57.00 2.0 88.3 (9.2)
Investment Holding Group 7.52 1.6 1,084.7 (24.8)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Vodafone Qatar 8.89 (0.1) 2,044.7 (5.1)
Investment Holding Group 7.52 1.6 1,084.7 (24.8)
Qatar First Bank 7.20 (2.0) 652.9 (30.1)
Widam Food Co. 66.00 (2.1) 413.5 (2.9)
Doha Bank 30.40 (0.5) 267.5 (9.8)
Market Indicators 21 Aug 17 20 Aug 17 %Chg.
Value Traded (QR mn) 117.7 167.3 (29.6)
Exch. Market Cap. (QR mn) 490,136.9 493,015.4 (0.6)
Volume (mn) 5.6 8.7 (35.3)
Number of Transactions 1,899 1,881 1.0
Companies Traded 40 39 2.6
Market Breadth 11:23 16:18 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 15,201.77 (0.8) (0.5) (10.0) 15.6
All Share Index 2,564.89 (0.7) (0.8) (10.6) 13.9
Banks 2,817.05 (0.4) (0.3) (3.3) 12.3
Industrials 2,746.12 (0.7) (0.3) (17.0) 18.3
Transportation 1,928.80 0.3 0.1 (24.3) 13.0
Real Estate 1,884.29 (1.4) (3.3) (16.0) 12.8
Insurance 3,942.79 (1.7) (1.4) (11.1) 17.8
Telecoms 1,098.21 (1.3) (1.0) (8.9) 21.2
Consumer 5,364.77 (0.3) (0.1) (9.0) 12.8
Al Rayan Islamic Index 3,627.91 (0.8) (0.5) (6.6) 17.5
GCC Top Gainers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Dana Gas Abu Dhabi 0.67 8.1 50,123.7 24.1
Qatar Gen. Ins. & Reins. Qatar 32.25 4.7 7.3 (31.4)
Oman Telecom. Co. Oman 1.15 4.1 1,354.2 (23.8)
National Shipping Co. Saudi Arabia 33.45 3.2 1,564.2 (22.9)
Com. Bank of Kuwait Kuwait 0.38 2.7 105.0 0.6
GCC Top Losers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Jazeera Airways Co. Kuwait 0.54 (6.8) 15.0 (30.5)
Union National Bank Abu Dhabi 4.29 (3.2) 521.0 (5.5)
Qatar Insurance Co. Qatar 66.50 (2.9) 9.5 (9.8)
Saudi Research & Mark. Saudi Arabia 67.43 (2.7) 674.7 99.0
Gulf Warehousing Co. Qatar 46.50 (2.3) 1.1 (17.0)
Source: Bloomberg (
#
in Local Currency) (
##
GCC Top gainers/losers derived from the Bloomberg GCC
200 Index comprising of the top 200 regional equities based on market capitalization and liquidity)
QSE Top Losers Close* 1D% Vol. ‘000 YTD%
Qatar Insurance Co. 66.50 (2.9) 9.5 (9.8)
Gulf Warehousing Co. 46.50 (2.3) 1.1 (17.0)
Medicare Group 76.20 (2.3) 4.2 21.1
Widam Food Co. 66.00 (2.1) 413.5 (2.9)
Qatar First Bank 7.20 (2.0) 652.9 (30.1)
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Widam Food Co. 66.00 (2.1) 27,509.9 (2.9)
Vodafone Qatar 8.89 (0.1) 18,157.9 (5.1)
QNB Group 135.00 0.0 11,048.0 (8.8)
Doha Bank 30.40 (0.5) 8,147.7 (9.8)
Investment Holding Group 7.52 1.6 8,082.7 (24.8)
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* 9,065.18 (0.8) (0.5) (3.6) (13.1) 32.33 134,640.6 15.6 1.5 3.8
Dubai 3,595.13 (0.6) (0.2) (1.0) 1.8 59.57 101,477.1 23.9 1.3 4.0
Abu Dhabi 4,494.90 0.1 0.0 (1.6) (1.1) 93.06 117,690.2 16.6 1.3 4.6
Saudi Arabia 7,225.38 0.2 0.6 1.8 0.2 761.87 455,602.0 17.5 1.7 3.3
Kuwait 6,913.36 0.2 0.4 0.9 20.3 71.65 98,196.2 18.0 1.2 5.3
Oman 4,943.80 0.6 1.1 (1.6) (14.5) 9.92 20,284.7 11.4 1.0 5.5
Bahrain 1,309.79 (0.2) 0.8 (1.4) 7.3 1.65 21,516.2 7.7 0.8 6.0
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)
9,060
9,080
9,100
9,120
9,140
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 QSE Index declined 0.8% to close at 9,065.2. The Insurance and Real
Estate indices led the losses. The index fell on the back of selling
pressure from non-Qatari shareholders despite buying support from
Qatari and GCC shareholders.
Qatar Insurance Co. and Gulf Warehousing Co. were the top losers,
falling 2.9% and 2.3%, respectively. Among the top gainers, Doha
Insurance Group rose 5.0%, while Qatar General Insurance &
Reinsurance Co. was up 4.7%.
Volume of shares traded on Monday fell by 35.3% to 5.6mn from 8.7mn
on Sunday. Further, as compared to the 30-day moving average of
8.0mn, volume for the day was 29.5% lower. Vodafone Qatar and
Investment Holding Group were the most active stocks, contributing
36.3% and 19.3% to the total volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
08/21 Japan METI All Industry Activity Index MoM June 0.4% 0.4% -0.8%
08/21 China China Ministry of Commerce Foreign Direct Investment YoY CNY July – – 2.3%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
Capital Intelligence affirms QNB Finansbank’s ratings – Capital
Intelligence Ratings (CI Ratings) has affirmed the ratings of
QNB Finansbank, based in Istanbul, Turkey. In June 2017, the
Bank’s Long-term Foreign Currency rating (FCR) was affirmed
at ‘BB+’ and the Short-Term FCR at ‘B’. At the same time, the
outlook on the Long-Term FCR was changed to ‘Negative’ from
‘Stable.’ This action was taken because of a change in the
Sovereign Ratings of Turkey. In the current rating action, the
bank’s Financial Strength Rating (FSR) is maintained at ‘BBB’.
The rating is supported by the Bank’s sound capital profile,
strong and improving operating profitability, and by the
benefits to be obtained from its new ownership. The rating is
constrained by the Bank’s tight liquidity and the current
operating environment. The Long-Term FCR is affirmed at
‘BB+’, while the Short-Term FCR is affirmed at ‘B’. In view of
the Bank’s prominent position in the Turkish banking sector,
official support is expected to be forthcoming in the event it is
needed. (Peninsula Qatar)
S&P reaffirms DOHI’s rating with ‘Stable’ outlook – S&P has
reaffirmed the current ‘A-’ rating of Doha Insurance Group
(DOHI) with a ‘Stable’ outlook. DOHI’s Chairman, Sheikh
Nawaf Nasser Bin Khaled Al-Thani said, “We are delighted with
the decision and DOHI has successfully maintained its share
within Qatar and the region with a balanced income from
underwriting and investment.” Furthermore, he stressed that
“this outcome is a true reflection of the solid financial position
of the Qatari economy and the unwavering support of the State
of Qatar.” (Gulf-Times.com)
Qatar’s trade deficit with the US narrows sharply in 1H2017 –
Qatar’s trade deficit with the US narrowed sharply YoY during
1H2017. The trade deficit during 1H2017 stood at QR1.67bn as
compared to the combined trade deficit of QR10.98bn registered
during the corresponding period last year. Despite subdued
commodity prices, Qatar’s exports of goods to the US during
1H2017 (first half of the current fiscal year) touched QR2.11bn,
up 10.4% compared to QR1.91bn registered in 2H2016,
according to the data available at the US Census Bureau
website. The fall in Qatar’s trade deficit with the US is largely
due to the decline in two-way trade volume. The bilateral trade
volume in goods during 1H2017 reached QR5.86bn, showing a
sharp decline of 61.4% YoY compared to QR15.22bn witnessed
during the corresponding period last year. (Peninsula Qatar)
Kahramaa signs QR350mn deal with Omani firm for
transformers – Qatar General Electricity and Water Corporation
(Kahramaa) has entered into a QR350mn contract with
Voltamp Oman for the supply of 4,900 transformers for the
electric distribution grid in Qatar. Kahramaa signed two
agreements in this regard with the Omani firm. Kahramaa’s
President, Essa Bin Hilal Al-Kuwari explained that Voltap Oman
will supply about 4,900 transformers to Kahramaa over the next
two years. The total cost of the generators is QR350mn. They
will be used for the power distribution network of Kahramaa, in
order to supply electricity to infrastructure projects, industrial
projects as well as for residential units across the country.
(Gulf-Times.com)
Thumama water project’s partial opening expected by year end
– The Al Thumama water reservoir project (Package-C), part of
the Water Mega Reservoir Project, will partially start operating
by the end of 2017, according to Kahramaa’s (Qatar General
Electricity and Water Corporation) Director of Technical
Affairs, Ahmed Nasser Al-Nasr. He also revealed that
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 49.96% 44.53% 6,395,843.32
Qatari Institutions 31.64% 33.60% (2,309,580.65)
Qatari 81.60% 78.13% 4,086,262.67
GCC Individuals 2.36% 1.27% 1,278,158.45
GCC Institutions 0.11% 0.15% (41,875.00)
GCC 2.47% 1.42% 1,236,283.45
Non-Qatari Individuals 6.97% 6.63% 394,939.27
Non-Qatari Institutions 8.96% 13.82% (5,717,485.39)
Non-Qatari 15.93% 20.45% (5,322,546.12)
3. Page 3 of 5
Kahramaa has started work on a new power generation facility.
Al-Nasr said, “It is under the planning stage now. We have
already identified the consultants for the project. We have
applied to the municipality to allocate the land for the new
facility.” (Gulf-Times.com)
Qatar launches program to boost public transport – The
Ministry of Transport and Communications (MoTC) launched
the Qatar Transport Resilience Program (QTRP), which aims to
deliver a resilient, sustainable, and efficient intermodal
transport network for higher level of quality that encourages
public transport ridership. The program was developed as part
of the MoTC’s ongoing efforts to respond to key strategic
transport requirements for the nation, in alignment with the
Qatar National Vision 2030. (Gulf-Times.com)
International
Federal Reserve survey: US workers have low hopes for higher
pay – US workers see little hope for higher paychecks, and
while they are increasingly searching for new jobs, they expect
fewer offers to fall into their laps, according to a Federal
Reserve survey published on August 21. The first of its kind
New York Fed study, to be published three times per year,
paints a gloomy picture of US workers' aspirations. Even
though the unemployment rate at 4.4% is near a 16-year low
after more than eight years of economic recovery, national
measures of wages have shown only modest growth. Survey
respondents on average said in July that the lowest annual
salary they would accept in a new job would be $57,960, down
from $59,660 only four months earlier. This measure has
declined since November, with most of the changes coming
from older and higher-income Americans. (Reuters)
ONS: Britain's current account deficit was bigger than thought
in 2015 – Britain's current account deficit, the largest of any
major economy last year, was even bigger in 2015 than
previously thought, according to new estimates from the Office
for National Statistics (ONS). The current account deficit has
been in the spotlight since last year's vote on leaving the
European Union, and although it has narrowed recently, is not
far off levels that would trigger a currency crisis in a less
developed economy. Bank of England Governor, Mark Carney
said in the run-up to the referendum that Britain was reliant on
the "kindness of strangers", highlighting how the country
needed tens of billions of Pounds of foreign finance a year to
balance its books. The ONS said it now estimated the current
account deficit was 98bn Pounds in 2015, equivalent to 5.2% of
gross domestic product, compared with its previous estimate of
80bn Pounds or 4.3% of GDP. (Reuters)
Bundesbank: Germany growth could top expectations this year
– The German economy could grow faster this year than earlier
expected on the back of exceptionally strong industrial
production, exports and consumption, the Bundesbank said in a
monthly report. Solid sales are pushing capacity utilization in
manufacturing even higher, fuelling a further rise in corporate
investment in the Eurozone's biggest economy, the central
bank said after growth rose to its fastest annualized rate in over
two years in the second quarter. With the Eurozone economy
now expanding for the 17th straight quarter, Germany has been
the engine of recovery, giving the European Central Bank some
room to at least discuss curtailing its unprecedented stimulus
cocktail. The Bundesbank earlier expected the economy to grow
by 1.9% in 2017, based on calendar adjusted data and second
quarter figures showed an annualized growth rate of 2.1%, due
to solid consumption and manufacturing. With elections just a
month away, the German economy is enjoying its best run since
the global financial crisis, a boost to the economic credentials of
Chancellor Angela Merkel, who is holding a comfortable poll
lead in her bid for a fourth term. The Bundesbank predicted
another budget surplus for this year, arguing that further
surpluses would be generated in the coming years without
policy changes. (Reuters)
Regional
Kuwait’s Oil Minister: OPEC to discuss ending or extending
production cut in November – Kuwait's Oil Minister, Essam al-
Marzouq said that OPEC will discuss at a meeting in November
whether to extend or end production cuts. He also said that oil
inventories in recent weeks fell more than expected and that
one-week forecasts were 2mn barrels a day, down from 6.5mn.
(Reuters)
Saudi Arabia could get $21.3bn non-oil boost in 2018 – Saudi
Arabia’s non-oil revenue could increase by about $21.3bn next
year, according to Bank of America Merrill Lynch, boosting the
Kingdom’s efforts to reduce the economy’s reliance on crude.
The increase would be driven by the implementation of value-
added taxation, a tax on luxury products and higher fees
imposed on expatriates’ dependents. Meanwhile, Saudi Arabia’s
deficit reached SR20.7bn in June, reflecting decrease of 33.8%
YoY. June non-oil exports fell to SR12.1bn (down 18.9% YoY),
and imports also dropped to SR32.8bn (down 29% YoY).
(Bloomberg)
Applications for Saudi Arabia’s second Sukuk exceed SR38bn –
Applications for Saudi Arabia’s second Sukuk exceeded SR38bn,
with coverage ratio of 295%. Issuance size was set at SR13bn,
Saudi Arabia’s Finance Ministry reported. (Bloomberg)
CMA approves public offering of Alinma Makkah Real Estate
Fund – Saudi Arabia’s Capital Markets Authority (CMA) issued
its resolution, approving the public offer by Alinma Investment
Company, of Alinma Makkah Real Estate Fund. (GulfBase.com)
Saudi Arabia to transfer airports to sovereign fund in
privatization drive – Saudi Arabia plans to transfer ownership
of all its airports to its main sovereign wealth fund, the Public
Investment Fund, as part of a drive to privatize them, a senior
aviation official said. Companies will be set up for each airport
under Saudi Civil Aviation Holding, a spin-off from the General
Authority of Civil Aviation (GACA), which will continue to
regulate the industry. (Reuters)
Bank statutory reserves at CBUAE rose to AED125.5bn – The
banking sector increased their statutory reserves at the Central
Bank of the UAE (CBUAE) by AED8.6bn during 1H2017,
bringing the total required reserves to AED125.5bn by the end
of June 2017. Statutory reserves are the minimum liquidity
banks are required to hold against client deposits without
getting interests in return. The required minimum level of
compulsory reserves now stands at 14% on current, savings
and demand accounts, and 1% on term deposits. In a move
reflecting banks’ commitment to keep high solvency ratios,
required reserves have been progressively growing over
4. Page 4 of 5
1H2017, rising by AED1.9bn to AED118.7bn in February and to
AED119.9bn by the end of March. (GulfBase.com)
UAE banks poised for strong 2H2017 performance – Financial
results of the UAE’s banks in 2Q2017 point to improving
profitability, modest balance sheet growth, margin expansion
and improving costs, according to banking sector analysts.
While the underlying trend of a turnaround in growth and
profitability is in its early stages, analysts say these are
sustainable. UAE banks in general have reported resilient
earnings in 2Q2017. Earnings benefited from an improvement
in credit cost, as well as modest loan growth. Margins were
slightly compressed YoY, but have improved since the start of
this year, due to two rate hikes in 2017. Banks continue to put a
lid on cost growth, further supporting profitability. Meanwhile,
asset quality was better than a year ago and somewhat stable
sequentially as the macro-environment continues to improve in
the UAE. (GulfBase.com)
Fitch affirms Ras Al Khaimah’s IDRs at ‘A’; outlook ‘Stable’ –
Fitch Ratings (Fitch) affirmed Ras Al Khaimah's Long-Term
Issuer Default Ratings (IDRs) at ‘A’ with ‘Stable’ outlook. The
ratings reflect the benefits of Ras Al Khaimah's membership of
the UAE, a low government debt burden, high GDP per capita
and governance indicators that are close to the ‘A’ median.
(Reuters)
CBO: Banks in Oman achieve 6.6% growth in credit at
OMR23bn – Omani banks, including Islamic institutions,
achieved YoY 6.65% growth in total credit to OMR22.9bn by
June-end this year. Credit to the private sector grew by 7.4% to
OMR20.6bn as of the end of June 2017. Out of the total credit to
the private sector, the household sector (mainly under personal
loans) and non-financial corporate sector each contributed
45.9%, while financial corporations and other sectors
contributed 5.1% and 3.1%, respectively, according to the
Central Bank of Oman (CBO). (GulfBase.com)
Oman launches development bonds – Central Bank of Oman
announced the new issuance of government development
bonds. The size of the new issue is fixed at OMR150mn with a
maturity period of ten years, and the issue will carry a coupon
rate of 5.75% per annum. (Gulf-Times.com)
Standard Chartered supports $12bn worth deals for Oman –
Standard Chartered continues to play a pivotal role in
supporting the fund-raising initiatives of the Omani
government and various state-backed entities that in the past
six months alone have resulted in financing deals totaling
$12bn. Fund-raising efforts spearheaded by the global lender
have led to the successful closure of, among other financing
deals, the Omani government’s $5bn international bond issue,
and $2bn Sukuk issue, as well as project finance linked to the
implementation of a pair of major midstream and petrochemical
ventures. (GulfBase.com)
Bahrain may need to boost interest rates to protect currency,
IMF warns – Bahrain may need to raise its market interest rates
to protect its currency and must refrain from having its central
bank lend money to cover the government's budget deficit, the
International Monetary Fund (IMF) said. In a statement
released after annual consultations with the Bahraini
government, the IMF repeated earlier warnings that more steps
by Bahrain to cut its deficit were urgently needed to stabilize
state finances and support the Bahraini Dinar's peg to the US
Dollar. (Reuters)
5. Contacts
Saugata Sarkar, CFA Shahan Keushgerian Zaid al-Nafoosi, CMT, CFTe
Head of Research Senior Research Analyst Senior Research Analyst
Tel: (+974) 4476 6534 Tel: (+974) 4476 6509 Tel: (+974) 4476 6535
saugata.sarkar@qnbfs.com.qa shahan.keushgerian@qnbfs.com.qa zaid.alnafoosi@qnbfs.com.qa
Mohamed Abo Daff QNB Financial Services Co. W.L.L.
Senior Research Analyst Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6589 PO Box 24025
mohd.abodaff@qnbfs.com.qa Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services Co. W.L.L. (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (Q.P.S.C.). QNBFS is
regulated by the Qatar Financial Markets Authority and the Qatar Exchange. Qatar National Bank (Q.P.S.C.) 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 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. 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.
For reports dealing with Technical Analysis, expressed opinions and/or recommendations may be different or contrary to the opinions/recommendations of QNBFS Fundamental Research as a
result of depending solely on the historical technical data (price and volume). QNBFS reserves the right to amend the views and opinions expressed in this publication at any time. It may also
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Page 5 of 5
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
70.0
90.0
110.0
130.0
150.0
170.0
Jul-13 Jul-14 Jul-15 Jul-16 Jul-17
QSE Index S&P Pan Arab S&P GCC
0.2%
(0.8%)
0.2%
(0.2%)
0.6%
0.1%
(0.6%)
(1.0%)
(0.5%)
0.0%
0.5%
1.0%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,291.88 0.6 0.6 12.1 MSCI World Index 1,932.22 0.1 0.1 10.3
Silver/Ounce 17.02 0.3 0.3 6.9 DJ Industrial 21,703.75 0.1 0.1 9.8
Crude Oil (Brent)/Barrel (FM Future) 51.66 (2.0) (2.0) (9.1) S&P 500 2,428.37 0.1 0.1 8.5
Crude Oil (WTI)/Barrel (FM Future) 47.37 (2.4) (2.4) (11.8) NASDAQ 100 6,213.13 (0.1) (0.1) 15.4
Natural Gas (Henry Hub)/MMBtu 2.98 3.1 3.1 (19.2) STOXX 600 372.72 0.2 0.2 15.6
LPG Propane (Arab Gulf)/Ton 75.50 (1.9) (1.9) 5.2 DAX 12,065.99 (0.2) (0.2) 17.8
LPG Butane (Arab Gulf)/Ton 87.75 (2.0) (2.0) (9.5) FTSE 100 7,318.88 0.3 0.3 7.1
Euro 1.18 0.5 0.5 12.3 CAC 40 5,087.59 0.1 0.1 17.3
Yen 108.98 (0.2) (0.2) (6.8) Nikkei 19,393.13 0.2 0.2 8.7
GBP 1.29 0.2 0.2 4.5 MSCI EM 1,063.66 0.4 0.4 23.4
CHF 1.04 0.3 0.3 5.9 SHANGHAI SE Composite 3,286.91 0.7 0.7 10.4
AUD 0.79 0.1 0.1 10.1 HANG SENG 27,154.68 0.4 0.4 22.3
USD Index 93.10 (0.4) (0.4) (8.9) BSE SENSEX 31,258.85 (1.0) (1.0) 24.4
RUB 59.15 0.3 0.3 (3.9) Bovespa 68,634.65 (0.1) (0.1) 17.6
BRL 0.32 (0.6) (0.6) 2.8 RTS 1,034.29 0.6 0.6 (10.2)
97.8
97.3
97.2