QNBFS Daily Market Report February 01, 2021QNB Group
The QE Index declined 0.7% to close at 10,473.5. Losses were led by the Consumer Goods & Services and Transportation indices, falling 1.4% and 0.6%, respectively.
The QE Index rose 1.2% to close at 10,605.4. Gains were led by the Banks & Financial Services and Insurance indices, gaining 1.3% and 1.0%, respectively.
QNBFS Daily Market Report February 17, 2021QNB Group
The QE Index rose marginally to close at 10,459.9. Gains were led by the Telecoms and Consumer Goods & Services indices, gaining 0.4% and 0.2%, respectively.
The QE Index rose 2.7% to close at 14,476.5. Gains were led by the Banks & Financial Services and Industrials indices, gaining 3.9% and 1.3%, respectively.
QNBFS Daily Market Report February 01, 2021QNB Group
The QE Index declined 0.7% to close at 10,473.5. Losses were led by the Consumer Goods & Services and Transportation indices, falling 1.4% and 0.6%, respectively.
The QE Index rose 1.2% to close at 10,605.4. Gains were led by the Banks & Financial Services and Insurance indices, gaining 1.3% and 1.0%, respectively.
QNBFS Daily Market Report February 17, 2021QNB Group
The QE Index rose marginally to close at 10,459.9. Gains were led by the Telecoms and Consumer Goods & Services indices, gaining 0.4% and 0.2%, respectively.
The QE Index rose 2.7% to close at 14,476.5. Gains were led by the Banks & Financial Services and Industrials indices, gaining 3.9% and 1.3%, 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.
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 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 declined 0.1% to close at 10,739.1. Losses were led by the Telecoms and Banks & Financial Services indices, falling 0.4% and 0.3%, 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.
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 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 declined 0.1% to close at 10,739.1. Losses were led by the Telecoms and Banks & Financial Services indices, falling 0.4% and 0.3%, respectively.
The QE Index rose 0.8% to close at 10,584.2. Gains were led by the Insurance and Banks & Financial Services indices, gaining 2.9% and 1.1%, respectively.
The QE Index declined 0.3% to close at 10,708.4. Losses were led by the Telecoms and Industrials indices, falling 0.6% each. Top losers were Qatar General Insurance & Reinsurance Co.
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%
QNBFS Daily Market Report December 21, 2021QNB Group
The QE Index declined 0.2% to close at 11,658.5. Losses were led by the Real Estate and Consumer Goods & Services indices, falling 1.1% and 0.9%, respectively.
QNBFS Daily Market Report 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.
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@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
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
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.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
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
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
1. Page 1 of 5
QSE Intra-Day Movement
Qatar Commentary
The QSE Index declined 0.2% to close at 8,600.2. The Banks & Financial Services fell
0.8%, while the other indices ended in green. Top losers were Qatar Islamic Insurance
Company and Qatar Industrial Manufacturing Company, falling 2.9% and 2.2%,
respectively. Among the top gainers, Al Khaleej Takaful Insurance Company gained
4.3%, while Gulf Warehousing Company was up 3.4%.
GCC Commentary
Saudi Arabia: The TASI Index fell 0.4% to close at 7,181.5. Losses were led by the
Utilities and Capital Goods indices, falling 2.7% and 0.8%, respectively. Tihama
Adv. and Public Relations fell 4.9%, while Etihad Atheeb Telecom. was down 3.1%.
Dubai: The DFM Index declined 0.5% to close at 3,348.8. The Transportation index
fell 3.0%, while the Financial and Investment Services index declined 1.0%.
Aramex fell 5.3%, while Al Salam Group Holding was down 3.4%.
Abu Dhabi: The ADX benchmark index fell 0.5% to close at 4,325.5. The
Telecommunication index declined 2.0%, while the Energy index fell 0.9%. National
Takaful Co. declined 4.4%, while Abu Dhabi Shipbuilding Co. was down 4.0%.
Kuwait: The KSE Index declined 1.1% to close at 6,342.7. The Technology index fell
4.0%, while the Industrials index declined 3.7%. Nafais Holding Company fell
20.0%, while Afaq Educational Services Co. was down 18.1%.
Oman: The MSM Index fell 0.2% to close at 5,054.8. Losses were led by the Services
and Financial indices, falling 0.6% and 0.1%, respectively. Al Batinah Dev. Inv.
Holding fell 6.7%, while Port Services Corporation was down 2.2%.
Bahrain: The BHB Index gained 0.4% to close at 1,285.9. The Investment index rose
2.1%, while the Services index gained 0.8%. United Gulf Holding Company rose
9.9%, while Bahrain Telecommunication Company was up 2.0%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Al Khaleej Takaful Insurance Co. 12.51 4.3 38.2 (40.7)
Gulf Warehousing Co. 43.93 3.4 143.6 (21.6)
Qatar General Ins. & Reins. Co. 49.25 2.8 0.5 4.8
Vodafone Qatar 8.31 2.0 5,533.6 (11.3)
Investment Holding Group 5.95 1.5 2,138.4 (40.5)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Vodafone Qatar 8.31 2.0 5,533.6 (11.3)
QNB Group 128.70 (1.2) 2,749.9 (13.1)
Investment Holding Group 5.95 1.5 2,138.4 (40.5)
Qatar First Bank 6.00 1.2 1,020.1 (41.7)
Mazaya Qatar Real Estate Dev. 8.91 1.1 625.9 (35.0)
Market Indicators 24 Dec 17 21 Dec 17 %Chg.
Value Traded (QR mn) 512.2 396.6 29.1
Exch. Market Cap. (QR mn) 474,611.9 475,725.3 (0.2)
Volume (mn) 15.7 17.2 (8.7)
Number of Transactions 2,698 4,289 (37.1)
Companies Traded 40 41 (2.4)
Market Breadth 20:15 28:10 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 14,422.03 (0.2) (0.2) (14.6) 13.9
All Share Index 2,463.99 (0.2) (0.2) (14.1) 13.8
Banks 2,689.69 (0.8) (0.8) (7.6) 11.6
Industrials 2,635.92 0.3 0.3 (20.3) 17.5
Transportation 1,742.99 0.2 0.2 (31.6) 13.0
Real Estate 1,924.16 0.2 0.2 (14.3) 13.3
Insurance 3,513.72 0.5 0.5 (20.8) 23.7
Telecoms 1,160.49 0.3 0.3 (3.8) 21.5
Consumer 4,855.56 0.1 0.1 (17.7) 11.7
Al Rayan Islamic Index 3,408.95 0.2 0.2 (12.2) 15.9
GCC Top Gainers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Middle East Healthcare Co. Saudi Arabia 54.90 2.9 531.7 (25.2)
Boubyan Petrochem. Co. Kuwait 0.66 2.3 558.8 33.3
Bahrain Telecom. Co. Bahrain 0.20 2.0 440.4 (28.7)
Vodafone Qatar Qatar 8.31 2.0 5,533.6 (11.3)
National Commercial Bank Saudi Arabia 51.94 2.0 1,632.9 21.9
GCC Top Losers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Saudi Electricity Co. Saudi Arabia 20.93 (2.8) 2,222.9 (7.3)
Mobile Telecom. Co. Saudi Arabia 7.26 (2.3) 2,441.2 (12.4)
Bank Al-Jazira Saudi Arabia 12.59 (2.3) 2,241.7 15.3
Etihad Etisalat Co. Saudi Arabia 14.06 (2.2) 2,803.2 (41.4)
Taiba Holding Co. Saudi Arabia 35.56 (2.1) 125.2 (11.5)
Source: Bloomberg (# in Local Currency) (## GCC Top gainers/losers derived from the S&P GCC
Composite Large Mid Cap Index)
QSE Top Losers Close* 1D% Vol. ‘000 YTD%
Qatar Islamic Insurance Co. 57.30 (2.9) 4.4 13.2
Qatar Industrial Manufacturing 42.07 (2.2) 18.0 (5.5)
Commercial Bank 28.50 (1.7) 28.9 (7.9)
QNB Group 128.70 (1.2) 2,749.9 (13.1)
Qatari Investors Group 35.81 (0.8) 61.7 (38.8)
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
QNB Group 128.70 (1.2) 354,740.6 (13.1)
Vodafone Qatar 8.31 2.0 45,932.6 (11.3)
Investment Holding Group 5.95 1.5 12,885.7 (40.5)
Barwa Real Estate Co. 32.51 0.5 9,932.1 (2.2)
Masraf Al Rayan 37.88 (0.5) 9,243.8 0.7
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* 8,600.20 (0.2) (0.2) 11.5 (17.6) 44.59 130,375.9 13.9 1.3 4.6
Dubai 3,348.81 (0.5) (0.5) (2.1) (5.2) 49.30 106,989.0 21.2 1.2 4.2
Abu Dhabi 4,325.52 (0.5) (0.5) 1.0 (4.9) 7.27 112,853.9 15.5 1.3 4.6
Saudi Arabia 7,181.46 (0.4) (0.4) 2.5 (0.4) 801.49 448,380.7 17.0 1.6 3.4
Kuwait 6,342.66 (1.1) (1.1) 2.4 10.3 32.74 91,222.0 15.5 1.0 5.5
Oman 5,054.77 (0.2) (0.2) (1.1) (12.6) 2.57 21,014.8 12.1 1.0 5.2
Bahrain 1,285.88 0.4 0.4 0.2 5.4 5.85 20,102.6 7.6 0.8 6.1
Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Market and Dubai Financial Market (** TTM; * Value traded ($ mn) do not include special trades, if any)
8,580
8,600
8,620
8,640
8,660
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 0.2% to close at 8,600.2. The Banks & Financial
Services index led the loss. The index fell on the back of selling pressure
from GCC shareholders despite buying support Qatari and non-Qatari
shareholders.
Qatar Islamic Insurance Company and Qatar Industrial Manufacturing
Company were the top losers, falling 2.9% and 2.2%, respectively.
Among the top gainers, Al Khaleej Takaful Insurance Company gained
4.3%, while Gulf Warehousing Company was up 3.4%.
Volume of shares traded on Sunday fell by 8.7% to 15.7mn from 17.2mn
on Thursday. However, as compared to the 30-day moving average of
10.9mn, volume for the day was 44.1% higher. Vodafone Qatar and QNB
Group were the most active stocks, contributing 35.3% and 17.5% to the
total volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Earnings Calendar
Tickers Company Name Date of reporting 4Q2017 results No. of days remaining Status
CBQK The Commercial Bank 24-Jan-18 30 Due
Source: QSE
News
Qatar
CBQK to hold board meeting on January 24, 2018 to discuss
financial statements ended December 31, 2017 – The
Commercial Bank (CBQK) announced that its board of directors
will hold its meeting on January 24, 2018 to discuss the
financial results of the bank for the financial year ended
December 31, 2017. (QSE)
Medicare Group holds its extraordinary general assembly
meeting on January 7 – Medicare Group announced that its
board of directors will hold its extraordinary general assembly
meeting on January 7, 2018 and in case of non-quorum of the
meeting, the second meeting will be held on January 10, 2018.
(QSE)
BRES signs construction contract for new labor city – Barwa
Real Estate Company (BRES) signed QR1.295bn contract with
Insha Company to build a new labor city on Salwa Road. The
contract involved construction duration of 12 months, stated in
a statement. The project comes as part of the Qatari
government’s efforts to improve the housing standards of
workers in Qatar and meet the needs of the local market in line
with the objectives of Qatar National Vision 2030 and the
country’s preparations for hosting the 2022 World Cup, through
developing a sustainable residential environment in terms of
quality and security and providing all required services and
facilities. (Gulf-Times.com)
KPMG: Qatari banks need to prepare for Basel IV requirements –
Banks in Qatar need to prepare now for the introduction of
revised standards recently released by the Basel Committee,
according to KPMG in Qatar, noting that Basel IV will have a
significant impact on capital ratios, strategy, pricing, processes
and disclosure. Given the Qatar Central Bank’s (QCB) proactive
adoption of Basel III, it is likely that Basel IV will be adopted
over time, KPMG in Qatar stated. KPMG’s Director and Head
across the Middle East and South Asia (MESA), Steve Punch
said, “These new Basel IV rules will redefine how banks
manage risk, particularly credit risk. This is significant and
relevant in countries like Qatar, where the QCB requires them
to calculate regulatory capital using the Basel standardized
approaches.” Punch was in Qatar to address senior finance and
risk professionals from the financial services industry as part of
KPMG in Qatar’s ‘Freshly brewed’ seminar series. Punch noted
that the Basel IV standardized approaches will require banks to
review their lending portfolios to identify higher risk customers
and that generally, higher risk usually contributes to higher
interest rates and capital charges. (Gulf-Times.com)
South Korean startups explore business opportunities in Qatar –
Korea Startups Association (Kstartups), the South Korean
partner of Qatar Business Incubation Center (QBIC), explored
business potential in Qatar. In this regard, Kstartups visited the
Qatar Financial Center (QFC), aiming to help their Korean
partners in assessing available business opportunities to
foreign investors. Kstartups had signed a memorandum of
understanding with QBIC earlier in December 2016 and is
currently in Doha along with nine Korean startups, to
participate in QBIC’s Demo Day 9 and meet with all the local
stakeholders. QFC Authority’s Chief Marketing and Corporate
Communications Officer, Yousef Abdullah Fakhroo said, “This
is an ideal time for companies to expand to Qatar as foreign
companies and firms have an abundance of opportunities to
service a market that has proven its resilience and resolve.”
(Gulf-Times.com)
Qatar and Ghana sign pacts, to boost ties in various fields – HH
the Emir Sheikh Tamim Bin Hamad Al Thani and Ghanaian
President Nana Akufo-Addo held official talks at the
presidential palace in Accra. The President reiterated his
country’s keenness to develop cooperation with Qatar,
especially in the energy, infrastructure, aviation, sports, youth
and food security fields. The two sides also discussed the
overall regional and international situation, especially in the
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 19.85% 18.88% 4,926,276.02
Qatari Institutions 73.62% 73.85% (1,178,599.61)
Qatari 93.47% 92.73% 3,747,676.41
GCC Individuals 0.34% 0.28% 283,444.98
GCC Institutions 0.28% 1.74% (7,464,383.53)
GCC 0.62% 2.02% (7,180,938.55)
Non-Qatari Individuals 5.89% 4.97% 4,702,340.59
Non-Qatari Institutions 0.03% 0.28% (1,269,078.45)
Non-Qatari 5.92% 5.25% 3,433,262.14
3. Page 3 of 5
Middle East and Africa. Later the two leaders witnessed the
signing of a number of agreements and memorandums of
understanding. The agreements cover investments, aviation
and youth and sports. (Gulf-Times.com)
Deal to deliver digital transformation in Qatar – MEEZA, an
established Qatari Data Services Provider, Fujitsu Services Ltd.
and Vauban Group signed a Memorandum of Understanding
(MoU) to enter into discussions to identify opportunities to
provide world class information communication and
technology services to Qatar. In collaboration with MEEZA, a
Qatar Foundation subsidiary, this MoU will allow the parties to
work to support Qatar’s National Vision 2030 by leveraging the
Fujitsu Human Centric Innovation approach to delivering world
class digital transformation and technology services. The MoU
will examine how to create significant market opportunities for
a full range of technology products, solutions and services. The
combination of MEEZA’S existing state-of-the-art data centre
facilities, Vauban’s innovation and Fujitsu’s Infrastructure,
Industry and Business Technology Solutions will bring benefit
to clients, with a focus on meeting the needs of the Financial
Services, Healthcare and Government. (Peninsula Qatar)
International
China likely to set M2 growth target at record low next year –
China is likely to set its 2018 money growth target at an all-
time low of around 9% to curb debt risks and contain asset
bubbles, the official China Daily reported, citing economists
involved in high-level policy discussions. Financial risks have
become the biggest threat to the country’s economic stability in
the medium and long term, the China Daily stated. In the past
year, deleveraging efforts in the financial system have pushed
broad M2 money supply growth to its lowest since records
began in 1996. In November, M2 expanded 9.1% from a year
earlier, below the government’s full-year target of around 12%.
The central bank stated that slowing M2 growth could be a new
normal as the government cracks down on riskier banking
activities. (Reuters)
Russian finance minister sees economy growing 1.8-2% in 2017
– Russia’s economy is expected to grow between 1.8-2% this
year, according to Russian Finance Minister, Anton Siluanov.
Russia’s GDP contracted by 0.2% in 2016. Authorities stated the
growth could reach 2% this year, later adding it could top 2%.
(Reuters)
Indian economy set to clock 7% growth – Indian economy may
reach 7% growth in 2018 while recovering from the lingering
effects of demonetization and GST, industry chamber
ASSOCHAM stated. After ‘disruptions’ from the lingering
effects of demonetization and GST roll-out, the Indian economy
may reach 7% growth in 2018 with government policies tilting
towards the stress-ridden rural landscape in the penultimate
year before the Lok Sabha elections, according to the industry
body’s ‘Year-Ahead Outlook’. Against GDP growth of 6.3% in
the second quarter of 2017-18, the economic expansion may
reach the crucial 7% mark by the end of September 2018
quarter, while inflation may range between 4-5.5% towards the
second half of the next calendar year with the monsoon being a
key imponderable. ASSOCHAM’S President, Sandeep Jajodia
said the projections were based on the assumption of stability
in government policies, good monsoons, pick-up in industrial
activity and credit growth as also stability in the foreign
exchange rates. (Qatar Tribune)
Regional
OPEC and non-OPEC compliance with oil cuts reaches 122% in
November – OPEC and non-OPEC compliance with global
output cuts reached highest monthly level since agreement
took effect in January. Kuwait’s Oil Minister, Bakheet Al
Rashidi said, “This is a strong signal to the oil market that OPEC
and non- OPEC participating are committed to the success of
this agreement and are willing to do everything necessary to
restore the oil market balance. We expect oil demand in 2018 to
increase by 1.51mn bpd compared to this year.” (Bloomberg)
Middle East to award $14bn hotel projects next year – More
than $14bn worth of hotel project contracts will be awarded in
2018 in Middle East region, according to MEED Projects. The
value of new hotel investments in the MENA region could hit a
record high in 2018. “After a relatively subdued 2017 up to end
of November which has seen $5.45bn worth of new hotel
construction contracts awarded, the value of hotels due to be
awarded next year is more than $14bn. This total would
comfortably exceed the $8.5bn awarded in 2016 and the
previous record of $11.9bn awarded in 2015,” said Ed James,
Director of Content and Analysis at MEED Projects.
(GulfBase.com)
Moody’s: GCC’s banking sector performance to be resilient in
2018 – The banking sector in the GCC is expected to deliver a
stable performance in 2018, reflecting strong financial
fundamentals, particularly in the largest banking systems such
as the UAE and Saudi Arabia, according to rating agency
Moody’s. While slow economic growth, fiscal and geopolitical
risks are expected to pose challenges to profitability and loan
quality of the region’s banks, the raging agency expects strong
capitalization levels with high loan-loss reserves providing
banks strong loss-absorption capacity. Moody’s forecasts that
real gross domestic product (GDP) growth in the region will pick
up slightly, to around two percent in 2018 from zero peecent in
2017. (GulfBase.com)
Saudi Arabia’s real estate sales rise 37.1% MoM – Saudi
Arabia’s Ministry of Justice reported that real estate sales
totaled at SR23.8bn (+37.1% MoM, +7.7% YoY) in month ending
18 December 2017. Residential sales stood at SR16.2bn, while
commercial sales reached SR7.7bn. (Bloomberg)
Tadawul to adjust price limit validation on incoming orders –
The Saudi Arabian Stock Exchange (Tadawul) is planning to
adjust the price limit validation on incoming orders for shares
starting from January 21, 2018. (Bloomberg)
Saudi Arabia raises SR4.78bn from Sukuk tap offering – Saudi
Arabia’s Ministry of Finance raised SR4.78bn from the second
tap offering of October issuance under its Riyal-denominated
Sukuk program. (Bloomberg)
Dubai-Japan nine-month non-oil trade hits AED31bn – The
value of non-oil foreign trade between Dubai and Japan reached
AED31bn in 9M2017 compared to a total of AED44bn during the
whole of 2016, according to the Director of the Dubai Customs,
Ahmed Mahboob Musabih. (GulfBase.com)
Kuwait secures LNG deal as gulf energy exporters hunt for gas –
Kuwait struck a 15-year deal with Royal Dutch Shell for
4. Page 4 of 5
liquefied natural gas (LNG), locking in supplies as neighbors in
the oil rich Gulf consider their own import strategies. The UAE
and Kuwait are the only importers of LNG in the region, with
Bahrain joining the club in 2019. (Bloomberg)
Kuwait Exchange stops Justice Ministry’s plan to sell Zain
Group’s shares – Kuwait Exchange stopped execution of sale of
a total of 16.8mn of Zain Group’s shares by the Ministry of
Justice on the order of Capital Markets Authority (CMA).
Planned sales were divided into six orders of 2.8mn shares each
on December 24-28, 2017 and January 2, 2018. (Bloomberg)
PDO to deduct 1.2% of contract value to fund job creation –
Petroleum Development Oman (PDO) revealed that a levy,
amounting to 1.2% of the value of every contract awarded by
the company to contractors and vendors, is helping creating
employment and training opportunities for Omanis. The levy
applies to contracts raised after April 1, 2016, as well as
request-for-quote purchase orders. (GulfBase.com)
VAT will not raise import cost of UAE’s products in Oman –
Imports from the UAE and Saudi Arabia, which are going to
introduce value added tax (VAT) on January 1, will not cost
more for Omani firms during the interim period until the Oman
introduces the new tax. As per the framework agreement
signed by GCC states last year, exports to a GCC country that
has not introduced VAT are considered as zero rated.
(GulfBase.com)
CMA clears OMR5mn rights issue of National Pharmaceuticals
Industries – National Pharmaceutical Industries Company is
planning to raise its capital by OMR5mn by way of a rights
issue. The company received approval from the Capital Market
Authority (CMA) for the rights issue and accordingly, 50mn
shares will be issued to the existing shareholders at a price of
102 baisas per share. The board of directors of the company
approved a proposal to raise the company’s capital from
OMR5mn to OMR10mn. The CMA approved the rights issue
prospectus based on the request of the company’s management
and in compliance with all the requirements of the issue.
(GulfBase.com)
VIVA Bahrain completes rival Menatelecom acquisition – VIVA
Bahrain, a leading telecom services operator in the Kingdom
entered into an agreement with Kuwait Finance House -
Bahrain to acquire 100% stake in its rival internet service
provider Menatelecom. This acquisition will significantly
enhance VIVA Bahrain’s position in both the consumer
broadband and enterprise markets. (GulfBase.com)
Bank ABC to arrange $75mn facility for Is Finansal Kiralama –
Bahrain’s Arab Banking Corporation (Bank ABC) said Is
Finansal Kiralama mandated Bank ABC to arrange on its behalf
$75mn 2-year and 5-day dual currency syndicated term loan
facilities. (Reuters)
5. Contacts
Saugata Sarkar, CFA, CAIA 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
express viewpoints or make investment decisions that differ significantly from, or even contradict, the views and opinions included in this report. This report may not be reproduced in whole or in
part without permission from QNBFS.
COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS.
Page 5 of 5
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
60.0
80.0
100.0
120.0
140.0
160.0
Nov-13 Nov-14 Nov-15 Nov-16 Nov-17
QSE Index S&P Pan Arab S&P GCC
(0.4%)
(0.2%)
(1.1%)
0.4%
(0.2%)
(0.5%) (0.5%)
(1.2%)
(0.6%)
0.0%
0.6%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,275.25 0.7 1.6 10.7 MSCI World Index 2,099.59 (0.1) 0.7 19.9
Silver/Ounce 16.39 1.6 2.0 3.0 DJ Industrial 24,754.06 (0.1) 0.4 25.3
Crude Oil (Brent)/Barrel (FM Future) 65.25 0.5 3.2 14.8 S&P 500 2,683.34 (0.0) 0.3 19.9
Crude Oil (WTI)/Barrel (FM Future) 58.47 0.2 2.0 8.8 NASDAQ 100 6,959.96 (0.1) 0.3 29.3
Natural Gas (Henry Hub)/MMBtu 2.61 0.4 (0.3) (29.1) STOXX 600 390.28 (0.2) 1.3 21.4
LPG Propane (Arab Gulf)/Ton 96.75 (0.1) 6.6 34.1 DAX 13,072.79 (0.4) 0.5 28.0
LPG Butane (Arab Gulf)/Ton 105.00 2.7 8.5 (10.2) FTSE 100 7,592.66 (0.1) 1.8 15.2
Euro 1.19 (0.1) 1.0 12.8 CAC 40 5,364.72 (0.5) 1.0 24.0
Yen 113.29 (0.0) 0.6 (3.1) Nikkei 22,902.76 0.3 1.0 23.4
GBP 1.34 (0.2) 0.3 8.3 MSCI EM 1,141.09 0.6 2.0 32.3
CHF 1.01 0.0 0.2 3.1 SHANGHAI SE Composite 3,297.06 0.0 1.5 12.3
AUD 0.77 0.1 0.8 7.0 HANG SENG 29,578.01 0.7 2.5 33.4
USD Index 93.35 0.1 (0.6) (8.7) BSE SENSEX 33,940.30 0.5 1.4 35.4
RUB 58.38 (0.2) (0.7) (4.7) Bovespa 75,186.53 (0.6) 2.8 21.7
BRL 0.30 (0.9) (1.3) (2.5) RTS 1,135.70 0.8 (1.1) (1.4)
89.7
89.2
87.4