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 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.
QNBFS Daily Market Report October 28, 2021QNB Group
The QE Index declined 0.3% to close at 11,665.7. Losses were led by the Telecoms and Consumer Goods & Services indices, falling 1.7% and 0.6%, respectively.
The QE Index declined 0.1% to close at 10,914.1. Losses were led by the Insurance and Banks & Financial Services indices, falling 0.7% and 0.2%, respectively.
The document provides an intra-day market commentary and summary of stock market activity in Qatar, GCC countries, and regional indices. It notes that the QE Index in Qatar declined 0.9% led by losses in the insurance and real estate sectors. Top losers were Qatar Insurance Company and Doha Bank. Other GCC markets had mixed performance with Saudi Arabia and Kuwait gaining while Dubai and Oman fell. It provides details on volume leaders, top gainers and losers, and other market indicators.
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 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.
QNBFS Daily Market Report October 28, 2021QNB Group
The QE Index declined 0.3% to close at 11,665.7. Losses were led by the Telecoms and Consumer Goods & Services indices, falling 1.7% and 0.6%, respectively.
The QE Index declined 0.1% to close at 10,914.1. Losses were led by the Insurance and Banks & Financial Services indices, falling 0.7% and 0.2%, respectively.
The document provides an intra-day market commentary and summary of stock market activity in Qatar, GCC countries, and regional indices. It notes that the QE Index in Qatar declined 0.9% led by losses in the insurance and real estate sectors. Top losers were Qatar Insurance Company and Doha Bank. Other GCC markets had mixed performance with Saudi Arabia and Kuwait gaining while Dubai and Oman fell. It provides details on volume leaders, top gainers and losers, and other market indicators.
QNBFS Daily Market Report December 16, 2018QNB Group
The QSE Index rose 0.2% to close at 10,456.1 led by gains in the real estate and industrials indices. Qatar Islamic Insurance Company and Gulf International Services were the top gainers rising 5.2% and 1.4% respectively, while Doha Insurance Group fell 5.6% and Qatari German Company for Medical Devices fell 3.9%. Trading volume rose 51.6% to 6.7mn shares compared to the 30-day moving average. The document also provides market commentary, news and economic data for Qatar, GCC and other countries.
The QSE Index declined 0.6% led by losses in the Telecom and Transportation indices. Gulf Warehousing Co. and Ooredoo fell the most, dropping 2.9% and 2.0% respectively, while Zad Holding Co. rose 9.9%. Trading volume rose 17.3% but remained below the 30-day average. Regional markets were mixed with Saudi Arabia up 0.2% and Oman up 0.4% while Dubai fell 1.2% and Abu Dhabi 1.4%.
QNBFS Daily Market Report January 13, 2021QNB Group
The document provides an intra-day market summary and commentary for Qatar and other GCC markets. Specifically:
- The QE Index in Qatar declined marginally to close at 10,838.7, led by losses in the Banks & Financial Services and Industrials indices. Ezdan Holding Group and Qatar Oman Investment Company were the top losers.
- Other GCC markets were mixed, with Saudi Arabia, Abu Dhabi, Kuwait and Bahrain gaining while Dubai and Oman declined.
- Trading activity on the QSE rose 5.0% compared to the previous day, though volume was lower than the 30-day average. Investment Holding Group and Ezdan Holding Company were
The QSE Index rose marginally to close at 11,913.6, led by gains in the Real Estate and Consumer Goods & Services indices. Top gainers were United Development Co. and Qatar German Co for Medical Dev., rising 3.4% and 1.5% respectively. Meanwhile, Ahli Bank fell 3.6% and Qatar Electricity & Water Co. declined 1.4%. Volume of shares traded rose 50.9% compared to the previous day. Regional indices were mostly lower except for Bahrain which gained marginally. Earnings news included Milaha's net profit surging 69.6% YoY but declining 21.4% QoQ in 2Q2015.
QNBFS Daily Market Report September 08, 2021QNB Group
The QE Index declined marginally to close at 11,062.9. Losses were led by the Industrials and Transportation indices, falling 0.5% and 0.3%, respectively.
The QE Index declined 0.1% to close at 13,711.9. Losses were led by the Industrials and Telecoms indices, falling 0.7% each. Top losers were Qatar Insurance Company and Investment Holding Group, falling 4.0% and 2.5%, respectively.
The QE index in Qatar fell 0.1% led by declines in the telecom and industrial indices. Top losers were Dlala Brok. & Inv. Holding Co. and Al Khaleej Takaful Group, falling 10.0% and 6.9% respectively. Meanwhile, the TASI index in Saudi Arabia rose 0.4% with gains in the retail and food sectors. Trading volumes on the Qatar Exchange rose by 1.6% compared to the previous day.
The QE Index in Qatar declined slightly, led by losses in the transportation and real estate sectors. Volume traded was lower than the 30-day average. In other GCC markets, Saudi Arabia fell but Kuwait and Bahrain rose slightly. Economic data releases from the US, EU, and Italy were mixed. Qatar news included the QE announcing a review of its index methodology, raising of loan limits by the central bank, and several company announcements.
QNBFS Daily Market Report September 21, 2021QNB Group
The QE Index in Qatar declined 0.4% due to losses in the banks and transportation sectors. Mesaieed Petrochemical and Investment Holding Group were the top losers. Germany's PPI rose more than expected in August. In Qatar, Masraf Al Rayan will hold an EGM on September 28. Moody's reported that Qatar's Islamic banks have the highest loss coverage ratio in the GCC. Qatar's economy is projected to grow 3% in 2021 according to a Bloomberg survey. Qatar's construction sector is growing steadily due to ongoing infrastructure projects for the 2022 World Cup.
QNBFS Daily Market Report August 15, 2021QNB Group
The QE Index rose marginally to close at 10,920.4. Gains were led by the Banks & Financial Services and Transportation indices, gaining 0.7% and 0.1%, respectively.
The document provides an overview of stock market performance and news in Qatar and other GCC countries on May 3, 2017. The key points are:
- Qatar's stock market index declined 0.4% as the telecom and transportation sectors fell. Top losers were Al Khaleej Takaful Group and Qatar Industrial Manufacturing Co.
- Elsewhere in the GCC, stock markets in Saudi Arabia and Dubai declined while those in Abu Dhabi, Kuwait and Oman rose.
- Earnings reports from companies in Saudi Arabia, Bahrain and other GCC countries showed mixed revenue and profit results for 1Q2017.
QNBFS Daily Market Report January 25, 2022QNB Group
The QE Index rose 0.3% to close at 12,523.3. Gains were led by the Consumer Goods & Services and Transportation indices, gaining 1.2% and 0.7%, respectively
QNBFS Daily Market Report September 13, 2021QNB Group
The QE Index declined 0.2% to close at 11,078.6. Losses were led by the Telecoms and Banks & Financial Services indices, falling 0.5% and 0.4%, respectively.
The QE index in Qatar rose 1.5% led by gains in the real estate and insurance indices. Mannai Corp. and Qatar & Oman Investment Co. were the top gainers rising 10% each. Regional indices were mixed with Dubai and Abu Dhabi rising while Saudi Arabia and Oman fell. Earnings reports from companies in Saudi Arabia, Dubai and Oman showed mixed revenue and profit results. US economic indicators were slightly higher than forecasts.
The document summarizes stock market activity in Qatar and other GCC countries on March 8, 2021. The QE Index in Qatar rose 0.5% led by gains in the Industrials and Insurance indices. Zad Holding and Investment Holding Group were the top gainers in Qatar, while Ahli Bank fell the most. Elsewhere in the GCC, stock markets in Saudi Arabia and Oman rose while markets in Dubai and Abu Dhabi fell. The document also provides company earnings results and upcoming earnings dates.
The QE Index declined marginally to close at 10,895.7. Losses were led by the Telecoms and Transportation indices, falling 0.9% and 0.4%, respectively.
QNBFS Daily Market Report December 16, 2018QNB Group
The QSE Index rose 0.2% to close at 10,456.1 led by gains in the real estate and industrials indices. Qatar Islamic Insurance Company and Gulf International Services were the top gainers rising 5.2% and 1.4% respectively, while Doha Insurance Group fell 5.6% and Qatari German Company for Medical Devices fell 3.9%. Trading volume rose 51.6% to 6.7mn shares compared to the 30-day moving average. The document also provides market commentary, news and economic data for Qatar, GCC and other countries.
The QSE Index declined 0.6% led by losses in the Telecom and Transportation indices. Gulf Warehousing Co. and Ooredoo fell the most, dropping 2.9% and 2.0% respectively, while Zad Holding Co. rose 9.9%. Trading volume rose 17.3% but remained below the 30-day average. Regional markets were mixed with Saudi Arabia up 0.2% and Oman up 0.4% while Dubai fell 1.2% and Abu Dhabi 1.4%.
QNBFS Daily Market Report January 13, 2021QNB Group
The document provides an intra-day market summary and commentary for Qatar and other GCC markets. Specifically:
- The QE Index in Qatar declined marginally to close at 10,838.7, led by losses in the Banks & Financial Services and Industrials indices. Ezdan Holding Group and Qatar Oman Investment Company were the top losers.
- Other GCC markets were mixed, with Saudi Arabia, Abu Dhabi, Kuwait and Bahrain gaining while Dubai and Oman declined.
- Trading activity on the QSE rose 5.0% compared to the previous day, though volume was lower than the 30-day average. Investment Holding Group and Ezdan Holding Company were
The QSE Index rose marginally to close at 11,913.6, led by gains in the Real Estate and Consumer Goods & Services indices. Top gainers were United Development Co. and Qatar German Co for Medical Dev., rising 3.4% and 1.5% respectively. Meanwhile, Ahli Bank fell 3.6% and Qatar Electricity & Water Co. declined 1.4%. Volume of shares traded rose 50.9% compared to the previous day. Regional indices were mostly lower except for Bahrain which gained marginally. Earnings news included Milaha's net profit surging 69.6% YoY but declining 21.4% QoQ in 2Q2015.
QNBFS Daily Market Report September 08, 2021QNB Group
The QE Index declined marginally to close at 11,062.9. Losses were led by the Industrials and Transportation indices, falling 0.5% and 0.3%, respectively.
The QE Index declined 0.1% to close at 13,711.9. Losses were led by the Industrials and Telecoms indices, falling 0.7% each. Top losers were Qatar Insurance Company and Investment Holding Group, falling 4.0% and 2.5%, respectively.
The QE index in Qatar fell 0.1% led by declines in the telecom and industrial indices. Top losers were Dlala Brok. & Inv. Holding Co. and Al Khaleej Takaful Group, falling 10.0% and 6.9% respectively. Meanwhile, the TASI index in Saudi Arabia rose 0.4% with gains in the retail and food sectors. Trading volumes on the Qatar Exchange rose by 1.6% compared to the previous day.
The QE Index in Qatar declined slightly, led by losses in the transportation and real estate sectors. Volume traded was lower than the 30-day average. In other GCC markets, Saudi Arabia fell but Kuwait and Bahrain rose slightly. Economic data releases from the US, EU, and Italy were mixed. Qatar news included the QE announcing a review of its index methodology, raising of loan limits by the central bank, and several company announcements.
QNBFS Daily Market Report September 21, 2021QNB Group
The QE Index in Qatar declined 0.4% due to losses in the banks and transportation sectors. Mesaieed Petrochemical and Investment Holding Group were the top losers. Germany's PPI rose more than expected in August. In Qatar, Masraf Al Rayan will hold an EGM on September 28. Moody's reported that Qatar's Islamic banks have the highest loss coverage ratio in the GCC. Qatar's economy is projected to grow 3% in 2021 according to a Bloomberg survey. Qatar's construction sector is growing steadily due to ongoing infrastructure projects for the 2022 World Cup.
QNBFS Daily Market Report August 15, 2021QNB Group
The QE Index rose marginally to close at 10,920.4. Gains were led by the Banks & Financial Services and Transportation indices, gaining 0.7% and 0.1%, respectively.
The document provides an overview of stock market performance and news in Qatar and other GCC countries on May 3, 2017. The key points are:
- Qatar's stock market index declined 0.4% as the telecom and transportation sectors fell. Top losers were Al Khaleej Takaful Group and Qatar Industrial Manufacturing Co.
- Elsewhere in the GCC, stock markets in Saudi Arabia and Dubai declined while those in Abu Dhabi, Kuwait and Oman rose.
- Earnings reports from companies in Saudi Arabia, Bahrain and other GCC countries showed mixed revenue and profit results for 1Q2017.
QNBFS Daily Market Report January 25, 2022QNB Group
The QE Index rose 0.3% to close at 12,523.3. Gains were led by the Consumer Goods & Services and Transportation indices, gaining 1.2% and 0.7%, respectively
QNBFS Daily Market Report September 13, 2021QNB Group
The QE Index declined 0.2% to close at 11,078.6. Losses were led by the Telecoms and Banks & Financial Services indices, falling 0.5% and 0.4%, respectively.
The QE index in Qatar rose 1.5% led by gains in the real estate and insurance indices. Mannai Corp. and Qatar & Oman Investment Co. were the top gainers rising 10% each. Regional indices were mixed with Dubai and Abu Dhabi rising while Saudi Arabia and Oman fell. Earnings reports from companies in Saudi Arabia, Dubai and Oman showed mixed revenue and profit results. US economic indicators were slightly higher than forecasts.
The document summarizes stock market activity in Qatar and other GCC countries on March 8, 2021. The QE Index in Qatar rose 0.5% led by gains in the Industrials and Insurance indices. Zad Holding and Investment Holding Group were the top gainers in Qatar, while Ahli Bank fell the most. Elsewhere in the GCC, stock markets in Saudi Arabia and Oman rose while markets in Dubai and Abu Dhabi fell. The document also provides company earnings results and upcoming earnings dates.
The QE Index declined marginally to close at 10,895.7. Losses were led by the Telecoms and Transportation indices, falling 0.9% and 0.4%, respectively.
QNBFS Daily Market Report September 08, 2019QNB Group
The QE Index declined 0.4% to close at 10,253.2. Losses were led by the Real Estate
and Banks & Financial Services indices, falling 1.5% and 1.0%, respectively.
QNBFS Daily Market Report October 10, 2021QNB Group
The QE Index declined 0.6% to close at 11,535.2. Losses were led by the Industrials and Banks & Financial Services indices, falling 1.3% and 0.4%, respectively.
The QE Index rose 1.5% to close at 10,920.7. Gains were led by the Industrials and Consumer Goods & Services indices, gaining 2.7% and 1.8%, respectively.
QNBFS Daily Market Report September 15, 2019QNB Group
The QE Index declined marginally to close at 10,461.7. Losses were led by the Banks & Financial Services and Transportation indices, falling 0.3% and 0.2%, respectively.
QNBFS Daily Market Report September 05, 2021QNB Group
The QE Index declined 0.2% to close at 11,071.2. Losses were led by the Banks & Financial Services and Consumer Goods & Services indices, falling 0.6% and 0.2%, respectively.
QNBFS Daily Market Report January 9, 2019QNB Group
The QSE Index declined 0.3% to close at 10,458.9. Losses were led by the Banks & Financial Services and Insurance indices, falling 0.9% and 0.2%, respectively.
QNBFS Daily Market Report October 9, 2018QNB Group
The QSE Index declined 0.3% led by losses in the Banks & Financial Services and Insurance indices. Salam International Investment Limited and Qatari Investors Group fell 1.6% each, while Gulf International Services gained 6.1% and Qatar Islamic Insurance Company rose 2.9%. Trading volume rose 111.2% but remained 30.2% lower than the 30-day moving average. The Qatari market commentary noted the index fell on selling pressure from non-Qatari investors despite Qatari buying support.
QNBFS Daily Market Report August 17, 2020QNB Group
The QE Index in Qatar rose marginally to close at 9,603.1, led by gains in the Industrials and Telecoms indices. Aamal Company and Dlala Brokerage & Investment Holding Company were the top gainers, while Qatari German Company for Medical Devices saw the largest decline. Trading volume fell compared to the previous day and the 30-day moving average. Regional indices in other Gulf markets also rose, with Saudi Arabia, Kuwait, Dubai, Abu Dhabi and Bahrain all seeing index gains. Earnings reports from companies in Qatar and other GCC countries showed mixed financial results.
QNBFS Daily Market Report October 27, 2020QNB Group
The QE Index in Qatar declined marginally to close at 9,807.5, led by losses in the Industrials and Banks & Financial Services indices. The Commercial Bank and Industries Qatar were the top losers. In other GCC markets, the TASI index in Saudi Arabia gained marginally while the DFM index in Dubai fell. The ADX index in Abu Dhabi and MSM index in Oman closed marginally down while the BHB index in Bahrain also fell marginally. Trading activity on the QSE increased during the day.
The QSE Index declined 0.7% led by losses in the Insurance and Real Estate indices. Qatar General Insurance and Al Khalij Commercial Bank were the top losers, falling 2.3% and 2.0% respectively. Meanwhile, Ahli Bank rose 4.7% to lead the top gainers. Overall trading volume fell 59.3% compared to the previous day. Globally, Chinese exports and imports data for May came in weaker than expected, with exports falling 2.8% year-over-year and imports declining 18.1%.
Similar to QNBFS Daily Market Report January 20, 2021 (20)
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.
Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
Learn in-depth about Dogecoin's trajectory and stay informed with 36crypto's essential and up-to-date information about the crypto space.
Our presentation delves into Dogecoin's potential future, exploring whether it's destined to skyrocket to the moon or face a downward spiral. In addition, it highlights invaluable insights. Don't miss out on this opportunity to enhance your crypto understanding!
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Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
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TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...Donc Test
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
1. Page 1 of 8
QSE Intra-Day Movement
Qatar Commentary
The QE Index declined 0.9% to close at 10,769.0. Losses were led by the Industrials
andInsuranceindices,falling2.2%and 1.1%,respectively.Toplosers were QLM Life
& Medical Insurance Company and Qatar Industrial Manufacturing Company,
falling 4.4% and 3.9%, respectively. Among the top gainers, Qatari German
Company for Medical Devices gained 10.0%, while Ezdan Holding Group was up
6.8%.
GCC Commentary
Saudi Arabia: The TASI Index fell 0.3% to close at 8,901.9. Losses were led by the
Telecom. and Food & Staples Retailing indices, falling 2.1% and 1.0%, respectively.
Allied Cooperative Insurance declined 3.1%, while Saudi Telecom was down 2.6%.
Dubai: The DFM Index gained 1.0% to close at 2,753.4. The Telecommunication index
rose 14.6%, while the Real Estate & Construction index gained 0.8%. Emirates
Integrated Telecomm rose 14.6%, while Al Salam Sudan was up 2.4%.
Abu Dhabi: The ADX General Index gained 3.1% to close at 5,661.9. The
Telecommunication index rose 14.9%, while the Services index gained 1.1%.
Emirates Telecom Group Co rose 14.9%, while Ras Al Khaima Poultry was up 11.4%.
Kuwait: The Kuwait All Share Index gained 0.2% to close at 5,673.2. The Technology
indexrose 2.6%, while the Insurance index gained 1.9%. Metal & Recycling Company
rose 7.5%, while Al-Deera Holding Company was up 7.4%.
Oman: The MSM 30 Index gained 1.0% to close at 3,679.7. Gains were led by the
Industrial and Services indices, rising 1.8% and 0.9%, respectively. Dhofar Cattle
Feed Company rose 7.8%, while Al Jazeera Steel Products Company was up 7.4%.
Bahrain: The BHB Index fell 0.2% to close at 1,451.4. The Commercial Banks index
declined 0.3%, while the Investment index fell 0.2%. Ahli United Bank and GFH
Financial Group were down 0.6% each.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Qatari German Co for Med. Devices 2.86 10.0 20,693.1 27.6
Ezdan Holding Group 1.78 6.8 51,697.5 0.1
United Development Company 1.69 2.5 5,774.2 2.4
INMA Holding 5.52 2.2 9,409.8 7.9
Salam International Inv. Ltd. 0.65 1.1 26,328.6 (0.6)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Ezdan Holding Group 1.78 6.8 51,697.5 0.1
Salam International Inv. Ltd. 0.65 1.1 26,328.6 (0.6)
Qatari German Co for Med. Devices 2.86 10.0 20,693.1 27.6
Investment Holding Group 0.57 0.9 19,002.1 (5.5)
Qatar First Bank 1.75 0.1 10,958.2 1.5
Market Indicators 19 Jan 21 18 Jan 21 %Chg.
Value Traded (QR mn) 559.6 581.7 (3.8)
Exch. Market Cap. (QR mn) 624,526.4 626,538.8 (0.3)
Volume (mn) 226.1 166.2 36.1
Number of Transactions 13,745 9,127 50.6
Companies Traded 46 47 (2.1)
Market Breadth 19:24 22:22 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 20,703.09 (0.9) (1.3) 3.2 18.3
All Share Index 3,302.75 (0.7) (1.2) 3.2 19.0
Banks 4,350.61 (0.5) (1.1) 2.4 15.3
Industrials 3,224.60 (2.2) (2.2) 4.1 28.8
Transportation 3,563.98 (0.0) (1.0) 8.1 16.3
Real Estate 1,955.90 1.1 1.5 1.4 17.3
Insurance 2,493.01 (1.1) (2.5) 4.1 N.A.
Telecoms 1,111.42 (0.6) (1.0) 10.0 16.6
Consumer 8,230.63 0.0 (0.3) 1.1 29.3
Al Rayan Islamic Index 4,348.93 (0.8) (1.1) 1.9 20.0
GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD%
Emirates Telecom. Group Abu Dhabi 20.80 14.9 13,602.4 23.1
Ezdan Holding Group Qatar 1.78 6.8 51,697.5 0.1
Ooredoo Oman Oman 0.41 5.7 2,352.7 4.1
Abu Dhabi Comm. Bank Abu Dhabi 6.66 3.3 19,985.7 7.4
Bank Nizwa Oman 0.10 2.1 338.9 1.0
GCC Top Losers## Exchange Close# 1D% Vol. ‘000 YTD%
Industries Qatar Qatar 11.70 (3.7) 1,042.1 7.6
Saudi Telecom Co. Saudi Arabia 113.20 (2.6) 737.7 6.8
Advanced Petrochem. Co. Saudi Arabia 65.10 (2.5) 186.3 (2.8)
Saudi Industrial Inv. Saudi Arabia 26.65 (2.4) 537.4 (2.7)
Barwa Real Estate Co. Qatar 3.44 (1.7) 3,988.4 1.1
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%
QLM Life & Medical Insurance Co. 3.60 (4.4) 1,983.9 14.3
Qatar Industrial Manufacturing 3.10 (3.9) 63.5 (3.3)
Industries Qatar 11.70 (3.7) 1,042.1 7.6
Qatar International Islamic Bank 9.22 (1.9) 977.7 1.9
Qatar Insurance Company 2.48 (1.8) 2,820.8 5.2
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Ezdan Holding Group 1.78 6.8 90,520.4 0.1
Qatari German Co for Med. Dev. 2.86 10.0 58,221.9 27.6
INMA Holding 5.52 2.2 52,640.1 7.9
QNB Group 18.50 (0.3) 44,109.4 3.8
Ooredoo 8.33 (0.5) 24,905.4 10.8
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* 10,769.02 (0.9) (1.3) 3.2 3.2 152.84 170,433.3 18.3 1.6 3.7
Dubai 2,753.44 1.0 1.9 10.5 10.5 162.97 99,510.7 13.1 1.0 3.5
Abu Dhabi 5,661.85 3.1 7.5 12.2 12.2 232.20 216,594.3 22.5 1.6 4.3
Saudi Arabia 8,901.87 (0.3) 0.0 2.4 2.4 1,971.15 2,440,102.0 35.6 2.1 2.4
Kuwait 5,673.17 0.2 0.3 2.3 2.3 173.61 106,512.0 36.2 1.4 3.5
Oman 3,679.68 1.0 1.1 0.6 0.6 7.58 16,628.7 12.3 0.7 6.8
Bahrain 1,451.42 (0.2) (0.5) (2.6) (2.6) 3.75 22,130.1 14.1 1.0 4.6
Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Market and Dubai Financial Market (** TTM; * Value traded ($ mn) do not include special trades, if any)
10,750
10,800
10,850
10,900
10,950
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00
2. Page 2 of 8
Qatar Market Commentary
The QE Index declined 0.9% to close at 10,769.0. The Industrials and
Insurance indices led the losses. The index fell on the back of selling
pressure from Qatari and GCC shareholders despite buying support from
Arab and Foreigners shareholders.
QLM Life & Medical Insurance Company and Qatar Industrial
Manufacturing Company were the top losers, falling 4.4% and 3.9%,
respectively. Among the top gainers, Qatari German Company for
Medical Devices gained 10.0%, while Ezdan Holding Group was up 6.8%.
Volume of shares traded on Tuesday rose by 36.1% to 226.1mn from
166.2mn on Monday. Further, as compared to the 30-day moving average
of 183.4mn, volume for the day was 23.3% higher. Ezdan Holding Group
andSalamInternationalInvestment Limited were the most active stocks,
contributing 22.9% and 11.6% to the total volume, respectively.
Source: Qatar Stock Exchange (*as a % of traded value)
Earnings Releases, Global Economic Data and Earnings Calendar
Earnings Releases
Company Market Currency
Revenue (mn)
4Q2020
% Change
YoY
Operating Profit
(mn) 4Q2020
% Change
YoY
Net Profit
(mn) 4Q2020
% Change
YoY
Aldrees Petroleum and Transport
Services Co.*
Saudi Arabia SR 4,974.1 -12.4% 188.3 -40.0% 121.1 -58.5%
Source: Company data, DFM, ADX, MSM, TASI, BHB. (*Financial for FY2020)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
01/19 Germany German Federal Statistical Office CPI MoM Dec 0.5% 0.5% 0.5%
01/19 Germany German Federal Statistical Office CPI YoY Dec -0.3% -0.3% -0.3%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
Earnings Calendar
Tickers Company Name Date of reporting 4Q2020 results No. of days remaining Status
QFLS Qatar Fuel Company 21-Jan-21 1 Due
IHGS INMA Holding Group 25-Jan-21 5 Due
GWCS Gulf Warehousing Company 26-Jan-21 6 Due
QIIK Qatar International Islamic Bank 26-Jan-21 6 Due
QNCD Qatar National Cement Company 27-Jan-21 7 Due
CBQK The Commercial Bank 27-Jan-21 7 Due
KCBK Al Khalij Commercial Bank 27-Jan-21 7 Due
QIGD Qatari Investors Group 1-Feb-21 12 Due
VFQS Vodafone Qatar 2-Feb-21 13 Due
UDCD United Development Company 3-Feb-21 14 Due
QAMC Qatar Aluminum Manufacturing Company 4-Feb-21 15 Due
QGTS Qatar Gas Transport Company Limited (Nakilat) 7-Feb-21 18 Due
DHBK Doha Bank 8-Feb-21 19 Due
QEWS Qatar Electricity & Water Company 14-Feb-21 25 Due
ORDS Ooredoo 14-Feb-21 25 Due
QIMD Qatar Industrial Manufacturing Company 14-Feb-21 25 Due
Source: QSE
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 48.01% 54.20% (34,646,421.9)
Qatari Institutions 15.08% 14.64% 2,478,546.9
Qatari 63.10% 68.85% (32,167,875.0)
GCC Individuals 0.50% 0.60% (556,101.3)
GCC Institutions 1.32% 1.60% (1,573,716.7)
GCC 1.81% 2.19% (2,129,818.0)
Arab Individuals 13.17% 12.74% 2,359,284.3
Arab Institutions 0.03% – 146,200.0
Arab 13.19% 12.74% 2,505,484.3
Foreigners Individuals 3.35% 3.07% 1,523,036.6
Foreigners Institutions 18.55% 13.14% 30,269,172.1
Foreigners 21.90% 16.22% 31,792,208.7
3. Page 3 of 8
News
Qatar
QNB Group mandates several banks to arrange a USD
benchmark offering under its EMTN Program – QNB Group, rated
A by S&P, A+ by Fitch and Aa3 by Moody's, announced that
several banks have been mandated to arrange a benchmark-
sized USD-denominated Regulation S Registered bond on behalf
of QNB Group. A USD benchmark Reg S offerings under its Euro
Medium Term Note (EMTN) Program may follow subject to
market conditions. (QSE)
MARK's net profit declines 2.2% YoY and 11.3% QoQ in 4Q2020,
below our estimate – Masraf Al Rayan's (MARK) net profit
declined 2.2% YoY (-11.3% QoQ) to QR513.1mn in 4Q2020,
below our estimate of QR553.5mn (variation of -7.3%). In
FY2020, MARK recorded net profit of QR2,175.4mn as compared
to QR2,178.4mn in FY2019. EPS remained flat YoY at QR0.29 in
FY2020. MARK’s Board of Directors met yesterday and proposed
to distribute a cash dividend of QR0.170 per share, equivalent to
17% of the paid-up capital. The proposed dividend is subject to
approval by the Ordinary General Assembly, to be held on March
2, 2021, and Qatar Central Bank (QCB). Group CEO Adel
Mustafawi said the results are good, and considered the
achievement as a great challenge, especially since Masraf Al
Rayan, in its commitment to the strategy approved by the board
of directors, has maintained its credit rating. It also has
maintained its position amongst banks in Qatar and maintained
its financial indicators ratios, achieving the lead in terms of
operational efficiency and a low ratio of bad debts, he said.
According to Mustafawi, total assets amounted to QR121.1bn
compared to QR106.3bn as of December 31, 2019, or a growth of
13.8%. Financing activities amounted to QR85.98bn compared
to QR74.83bn as of December 31, 2019, a growth of 14.9%. He
said investments totaled QR21.12bn as of December 31, 2020,
while customer deposits increased by 5.0% to reach QR68.91bn
compared to QR65.61bn as of December 31, 2019. Total
shareholders' equity (before distribution) reached QR14.36bn
compared to QR13.91bn at the end of 2019, with an increase of
3.2%. On financial indicators, return on average assets
maintained an advanced position in the financial market,
reaching 1.91%, while return on the average shareholders'
equity of the bank reached 15.38%. Book value per share before
distribution is QR1.92 compared to QR1.86 as of December 31,
2019. The capital adequacy ratio reached 19.70%, according to
Basel III standards, compared to 20.27% by the end of 2019.
Operating efficiency ratio (cost to income ratio) has reached
21.58% to remain one of the best ratios in the region. The non-
performing financing ratio (NPF) has reached 1.13%, which
reflects very strong and prudent credit and risk management
policies and procedures. HE the Minister of Commerce and
Industry Ali bin Ahmed Al-Kuwari, who is also Masraf Al Rayan
Chairman and Managing Director, said, “Last year was an
exceptional one by all standards; and we are happy to have
successfully passed that stage. In 2020, we witnessed
unprecedented events – the coronavirus pandemic that hindered
economic activity and the movement of people, thus affecting
global markets; the decline in energy prices to record numbers as
a result of low demand; caution in the markets and decrease in
liquidity, as well as the negative results of global growth; the
high cost of borrowing, and the calculation of higher rates of
allocations as a precautionary measure – all contributed to
considering 2020 an exceptional one. However, our insistence
was great at Masraf Al Rayan to face these difficulties and come
up with the best results, relying on the strength and durability of
the Qatari economy, and government measures that were
supportive of all economic activities, so we hope that we have
succeeded in that.” (QNB FS Research, QSE, Gulf-Times.com)
QGTS to hold board of directors meeting on February 07 – Qatar
Gas Transport Company Ltd. (QGTS, Nakilat) has announced
that its board of directors will be holding a meeting on February
07, 2021 to discuss the financial statements for the period ending
December 31, 2020. (QSE)
QGTS to hold its investors relation conference call on February
08 – Qatar Gas Transport Company Ltd. (QGTS, Nakilat)
announced that the conference call with the Investors to discuss
the financial results for the annual 2020 will be held on February
08, 2021 at 01:30 pm, Doha Time. (QSE)
ABQK to hold its investors relation conference call on January 21
– Ahli Bank (ABQK) announced that the conference call with the
Investors to discuss the financial results for the annual 2020 will
be held on January 21, 2021 at 12:00 pm, Doha Time. (QSE)
KCBK to hold its investors relation conference call on January 31
– Al Khalij Commercial Bank (KCBK) announced that the
conference call with the Investors to discuss the financial results
for the Annual 2020 will be held on January 31, 2021 at 01:30 pm,
Doha Time. (QSE)
ORDS to hold its investors relation conference call on February
15 – Ooredoo (ORDS) announced that the conference call with
the Investors to discuss the financial results for the annual 2020
will be held on February 15, 2021 at 02:00 pm, Doha Time. (QSE)
ORDS announces date to pay interest to bondholders – Ooredoo
(ORDS) announced that Ooredoo International Finance Limited
(OIFL), its wholly-owned subsidiary, pursuant to the Terms and
Conditions of the Notes and the Final Terms, will pay its Global
Medium Term Note (GMTN) holders’ interest payment on
February 22, 2021. (QSE)
Qatar’s IPI decreases by 9.8% in November 2020 – Qatar’s
Industrial Production Index (IPI) for November 2020 stood at
91.2 points, showing a decrease of 9.8% compared to the
previous month (October 2020). When compared on YoY basis,
the IPI index has decreased by 10.1% compared to the
corresponding month of 2019, data released by the Planning and
Statistics Authority showed. The index of Mining sector showed
a decrease by 11.8% compared to the previous month (October
2020), as a result of the decrease in the quantities of “crude oil
petroleum and natural gas” by 11.8%, while “Other mining and
quarrying” showed an increase by 5.6%. When compared to the
corresponding month of the previous year (November 2019), the
IPI of Mining decreased by 11.5%. The index of Manufacturing
sector showed an increase of 1.0% recorded in November 2020
compared to the previous month (October 2020).On the other
4. Page 4 of 8
hand, in terms of annual change, comparing to November 2019,
a decrease of 3.7% was recorded. The index of Electricity showed
a decrease of 23.6% in the production of “Electricity” group
between November 2020 and the previous month (October
2020), while the annual decrease (comparing with November
2019), was 0.7%. The index of the Water sector showed a
decrease of 9.8% in the production of ‘‘Water” group between
November 2020 and the previous month (October 2020).
Comparing with corresponding month (November 2019), a
decrease of 3.9% was recorded. (Peninsula Qatar)
International
Foreign holdings of US Treasuries slide for 4th month in
November – Foreign holdings of US Treasuries declined for a
fourth straight month in November, with Japan reducing its load
of US debt for four consecutive months as well, data from the US
Treasury department showed. Foreign investors held $7.053tn in
US government debt in November, down from $7.068tn the
previous month. Japan’s holdings, the largest non-US holder of
Treasuries, slipped to $1.260tn in November from $1.269tn in
October. Ben Jeffery, rates strategist, at BMO in New York, said
going forward it would be interesting to monitor Japanese
holdings of Treasuries given the weakness of the dollar versus
the yen. “The yield available to Japanese investors when they
hedge Treasuries back to yen has become increasingly attractive
because of the dollar’s weakness,” he said, which could well
prompt them to buy US debt again. The dollar fell nearly 1%
against the yen in November, and for the whole of 2020, the
greenback dropped 5%. For Japanese investors, buying US 10-
year debt and hedging back to yen using three-month currency
forwards earned a positive return last year, after going negative
in 2019 and for nearly three years before that due to higher US
interest rates. Chinese holdings of Treasuries, meanwhile, rose
to $1.063tn in November from $1.054tn in October, the first
increase in six months. China remains the second largest non-US
owner of US debt. At the end of November, US benchmark 10-
year Treasury yields was at 0.842%, little changed from 0.848%
at the beginning of the month. (Reuters)
Treasury nominee Yellen says markets should determine value
of dollar – Janet Yellen, US President-elect Joe Biden’s nominee
for Treasury Secretary, said the value of the dollar should be
determined by markets, and the targeting of exchange rates for
commercial advantage by other countries was “unacceptable.”
Yellen told Senate lawmakers at her confirmation hearing on
Tuesday that the US should oppose attempts by other countries
to artificially manipulate currency values to gain trade
advantage. “I believe in market-determined exchange rates. The
value of the U.S. dollar and other currencies should be
determined by markets,” said Yellen, former chair of the Federal
Reserve. “The US does not seek a weaker currency to gain
competitive advantage and we should oppose attempts by other
countries to do so,” she told members of the Senate Finance
Committee. “The intentional targeting of exchange rates to gain
commercial advantage is unacceptable.” If confirmed, Yellen
said she would work to implement Biden’s promise to “oppose
any and all the attempts by foreign countries to artificially
manipulate currency values to gain an unfair advantage in
trade.” Previous Treasury secretaries have also affirmed their
commitment to a market-determined exchange rate, and some in
recent years have said that a strong dollar is in U.S. interests.
Yellen did not endorse a strong dollar on Tuesday. Yellen also
gave no examples of countries that she believed were
manipulating their currencies. (Reuters)
Britain's largest fishing port sees 18% fall in catch after Brexit –
The British fishing port of Peterhead has seen an 18% drop in the
volume of fish landed since the start of the year, reflecting
difficulties transporting seafood to mainland Europe since new
post-Brexit customs checks started on January 01. Many
fishermen have been unable to export to the EU since catch
certificates, health checks and customs declarations were
introduced at the start of this year, delaying their deliveries and
prompting European buyers to reject them. British fishermen
protested outside parliament on Monday, and some British
fishing boats have been landing their catch at ports in Denmark
to avoid delays. The volume of fish landed at Peterhead in
northeast Scotland, Britain’s biggest fishing port, has fallen to an
average of 4,280 boxes a day so far this month, according to a
Reuters calculation from daily catch data. This is down from
5,225 boxes a day in the first three weeks of December and 4,765
boxes a year ago. A box normally holds 30-45 kg of fish (66-99
lb), depending on the species. Prime Minister Boris Johnson has
described the difficulties experienced by the fishing industry as
“teething problems” and promised it an extra 23mn Pounds
($31mn) of public money. The fishing industry was meant to be
one of the main beneficiaries of Brexit, with many in the sector
strongly in favor of cutting ties with the European Union due to
hopes of regaining exclusive rights over fish in British waters.
(Reuters)
ACEA: European new car sales drop by 3.7% YoY in December –
European car registrations dropped in December, declining for
the third month in row, industry data showed on Tuesday, as
measures to restrict a second coronavirus wave hit sales in most
of the continent’s largest markets. In December, new car
registrations dropped by 3.7% YoY to 1.215mn vehicles in the
European Union, Britain and the countries of the European Free
Trade Association (EFTA), figures from the European
Automobile Manufacturers’ Association (ACEA) showed. Sales
in Europe’s five largest markets posted different results.
Registrations in the UK, France and Italy fell by 10.9%, 11.8%
and 14.9% respectively, while Germany recorded a rise of 9.9%
and sales in Spain remained unchanged YoY. Sales at
Volkswagen and PSA rose by 8.2% and 1.7% respectively, while
Renault reported a drop of 15.6%. Luxury automakers also
posted losses in December with BMW’s sales falling 9.5% and
rival Daimler reporting a 14.8% decline. ACEA said 2020 saw the
biggest yearly drop in car demand since records began, with new
car registrations falling by 24.3% compared to 2019. Spain
posted the biggest drops among Europe’s largest markets with
sales falling 32.3% and while Germany reported a narrower fall
of 19.1%. (Reuters)
ZEW: German investor morale rises on upbeat export
expectations – Investor sentiment in Germany rose in January on
improved expectations for exports, buoying the outlook for
Europe’s largest economy, the ZEW economic research institute
said. The survey of investors’ economic sentiment increased to
61.8 from 55.0 points the previous month, ZEW said. A Reuters
poll had pointed to a rise to 60.0. “Despite the uncertainty about
5. Page 5 of 8
the further course of the lockdown, the economic outlook for the
German economy has improved slightly,” ZEW President Achim
Wambach said in a statement. “The results of the ZEW Financial
Market Survey in January show that export expectations in
particular have risen significantly,” he added. A separate gauge
of current conditions edged up to -66.4 from -66.5 points the
previous month. That compared with a consensus forecast of -
68.5 points. (Reuters)
Spain to extend COVID furlough scheme until May, PM says –
Spain will extend its scheme supporting hundreds of thousands
of workers furloughed due to COVID-19 until May, Prime
Minister Pedro Sanchez said on Tuesday after the government,
unions and business groups reached an agreement on the issue.
The ERTE furlough scheme, which has benefitted millions of
workers since the beginning of the pandemic, had been due to
expire on January 31 under a previous such agreement. As most
of business restrictions were lifted during the past months
following a nationwide lockdown, many furloughed workers
returned to work though 755,000 were still on the state-
supported furlough scheme in December. (Reuters)
Japan business lobby says blanket pay rises 'unrealistic' amid
pandemic pain – Japan’s biggest business lobby shrugged off on
Tuesday calls for wage hikes as it braced for key spring salary
negotiations with labor unions, calling blanket pay rises
“unrealistic” as companies are hit by fallout from the COVID-19
pandemic, officials said. Keidanren, unveiling a guide to the
upcoming wage talks which will be wrapped up in mid-March,
stressed that the priority was job protection rather than wage
hikes, given the current economic and health crisis. The business
lobby’s cautious stance signaled tough negotiations with labor
unions led by Rengo, which has called for uniform base pay hikes
around 2%, after last year when the management offered the
lowest wage increases in seven years. Rengo officials could not
be immediately reached for comment. Until last year, major
firms had raised wages more than 2% each spring for six straight
years as the government pressured businesses to boost pay to
defeat deflation and stagnation that has dogged Japan for two
decades. Bellwethers such as Toyota Motor Corp have set the
tone of the annual spring labor talks, with others going along
with the crowd. In recent years, however, Japanese firms have
begun to take a more varied approach on remuneration, with
more eschewing blanket pay hikes and shifting to merit-based
wages rather than seniority-oriented pay in a bid to lure young,
skilled workers. (Reuters)
China seen keeping lending benchmark unchanged for 9th
month in January – China’s benchmark lending rate is likely to
remain unchanged at the first monthly fixing of the year on
Wednesday, steady for the ninth straight month, as the
economy recovers from the coronavirus shock. Twenty-six
traders and analysts, or 87% of all 30 participants, in a snap
Reuters poll conducted this week predicted no change in either
the one-year Loan Prime Rate (LPR) or the five-year tenor. The
other four respondents expected a rise in the LPR this month,
with one forecasting a marginal 5 basis point rise to both rates.
The one-year LPR was last at 3.85% after 30 basis points of rate
cuts last year, and the five-year rate stood at 4.65% after 15 bps
of cuts in 2020. China’s economy picked up speed in the fourth
quarter, data showed on Monday, with growth beating
expectations and is poised to expand further this year even as
the global pandemic rages unabated. (Reuters)
China to support economic recovery, avoid 'policy cliff' – China
will provide necessary policy support for the economic recovery
this year, to avoid a “policy cliff”, as small firms remain hard-
pressed amid the pandemic, a senior official at the state planner
said on Tuesday. China’s economy picked up speed in the fourth
quarter, with growth beating expectations as it ended a rough
coronavirus-striken 2020 in remarkably good shape and
remained poised to expand further this year even as the global
pandemic rages unabated. “We will have a good grip over the
pace, intensity and effectiveness of macro policies to make sure
the economic recovery remains stable and avoid a policy cliff,”
Yan Pengcheng, director of General Office at the National
Development and Reform Commission, told reporters in an
online briefing. “Considering some micro market entities will
still need to undergo a period of recovery - some small firms just
started to ‘get well from a serious illness’, while others have yet
to regain their stamina - macro policies will continue to maintain
necessary support (for them).” Data out on Tuesday showed the
services sector, which has been lagging the industrial sector,
picked up momentum in the fourth quarter, with output growth
in the accommodation and catering industry turning positive for
the first time year-on-year since the pandemic struck. “The GDP
breakdown confirms that China’s rebound has become less
dependent on investment-led stimulus in recent months, thanks
to a broad-based recovery in the services sector,” said Julian
Evans-Pritchard, senior China economist at Capital Economics.
Chinese leaders at a key agenda-setting meeting last month
pledged to maintain “necessary” policy support for the economy
this year, avoiding a sudden policy shift, pointing to smaller
economic stimulus in 2021. (Reuters)
Regional
OPEC 'cautiously optimistic' oil market will recover in 2021 –
OPEC’s Secretary General, Mohammad Barkindo said on
Tuesday he was cautiously optimistic the oil market would
recover this year from the slump in demand brought on by the
coronavirus pandemic. Monthly meetings of the OPEC and allies
led by Russia - a group known as OPEC+ - are there to stop an
imbalance from re-emerging, he told a virtual forum. “We all
agree that the recovery is fragile, there are still more
uncertainties, but we are cautiously optimistic that the recovery
will materialize this year,” Barkindo said at the Atlantic Council
Global Energy Forum. Oil prices have rallied to an 11-month high
this month, helped by a January 5 decision by most members of
OPEC+ to hold production steady in February and a pledge by
Saudi Arabia to voluntarily cut output. (Reuters)
Saudi's Aldrees Petroleum eyes 25% capital hike – Saudi fuel
retailer Aldrees Petroleum and Transport Services Co. (Aldrees)
is planning to increase its capital by 25%. In a bourse filing on
Tuesday, the firm said its board has recommended to increase
the capital from SR600mn to SR750mn through the issuance of
bonus shares. The company plans to grant one bonus share for
every four shares owned. The capital increase will be used to
fund the company’s business and future expansions, the firm
said. (Zawya)
Riyad Bank announces intention to issue Tier 2 Sukuk – Riyad
Bank has announced its intention to establish a domestic SAR-
6. Page 6 of 8
denominated Sukuk issuance program of up to SR10bn for the
purpose of issuing and offering senior and/or subordinated
Sukuk including the issuance of Tier 2 capital-eligible Sukuk in
one or more tranches or through one issuance or a series of
issuances and its intention to issue Tier 2 Sukuk under the Sukuk
Program by way of private placement in the Kingdom of Saudi
Arabia. The Bank has mandated Riyad Capital as the Sole
Arranger and Dealer for the proposed establishment of the Sukuk
program and the potential offer. The purpose of the Potential
Offer is to strengthen the capital base of the Bank, thus
supporting the Bank’s financial and strategic needs. (Tadawul)
UAE’s Energy Minister sees start of oil market recovery in 2021
– UAE’s Energy Minister, Suhail al-Mazrouei said on Tuesday he
saw the oil market recovering in 2021 and possibly rebalancing
by early 2022. The Minister of the Gulf OPEC producer also said
he sees good oil demand growth in China and India as more
countries begin their vaccination campaigns for the new
coronavirus. "This year the way we see it is a year of recovery,
whether it's going to be the end of the year where we are
supposed to reach the balance or the beginning of 2022," he told
the Atlantic Council virtual energy forum. (Zawya)
UAE says oil demand in China and India is very strong – Demand
for oil in China and India is “very strong” and will help bolster oil
prices in the coming months, Energy Minister of the UAE, Suhail
Al Mazrouei said at a conference on Tuesday. Global demand can
rise above 100mn bpd in the long-term, he said. It is not
contradictory for the UAE to stay in OPEC+ and boost its
production capacity to 5mn bpd. (Bloomberg)
Etisalat and Du may raise limits on foreign ownership – The two
main phone operators in the UAE said they may raise limits on
foreign ownership, joining others in the region seeking to attract
more overseas investment. A higher cap on foreign ownership
will allow index providers such as MSCI Inc. and FTSE Russell to
consider an increase of the stock’s weight in emerging-market
equities benchmarks, triggering passive inflows. Etisalat could
lure total inflows of about $634mn from a higher weight in the
MSCI and FTSE indexes, if the limit is increased to 40%,
according to estimates by Associate Director of indices
macroeconomics and strategy at Arqaam Capital, Noaman
Khalid. For Du, inflows could take longer to materialize due to
liquidity issues, he said. The boards of both companies will meet
on January 20, according to regulatory filings. While the
companies did not give a reason for the move, the UAE has
accelerated efforts to attract investment into an economy
reeling from the coronavirus and a decline in oil prices. Etisalat,
the UAE’s biggest phone operator, first opened up to foreign
ownership in 2015 with a 20% limit. Foreigners currently own
4.8% of Etisalat’s shares and only 0.48% of Du, according to
information on Dubai and Abu Dhabi stock exchange websites.
The UAE said in 2019 it will allow foreigners to own 100% of
businesses across industries. Companies such as Abu Dhabi
National Energy Co. (ADNOC), First Abu Dhabi Bank (FAB) and
Emirates NBD have raised limits in the recent past. (Bloomberg)
ADNOC seeks partnerships with US firms in unconventional oil
in UAE – ADNOC Chief Executive, Sultan al-Jaber said on
Tuesday that ADNOC is seeking partnerships with US
companies in unconventional oil in the UAE. (Reuters)
AGTHIA eyes 80% stake in owner of Jordanian frozen food firm
– UAE food conglomerate AGTHIA Group is set to acquire 80%
stake in the principal operator of a Jordanian frozen food
company. In a bourse filing on Tuesday, the firm said its board
has agreed to buy 60% in Oriongreen Limited from Nutrivation
Holding Limited, which is owned by Abu Dhabi Developmental
Holding Company (ADQ). The board also gave the green light to
acquire a further 20% in Oriongreen from another firm, Ideal
Holding Limited. Oriongreen owns 100% of Amman-based Nabil
Foods Group, a Jordanian incorporated company that was
established in 1945. It manufactures frozen and chilled
processed meat products. AGTHIA told the Abu Dhabi Securities
Exchange that it will issue to Nutrivation some mandatory
convertible bonds, which will be convertible into shares in the
company at AED5.5 per new ordinary share. A further 20% of
Oriongreen will be acquired for cash from Ideal Holding Limited,
the statement continued. The acquisition is subject to approvals
from the authorities, including shareholders. Earlier this month,
AGTHIA announced the completion of a merger with Al Foah,
the world’s largest date processing and packaging company, also
based in Abu Dhabi. As a result of the “strategic combination”,
Al Foah owners General Holding Coroporation (Senaat)
increased its share capital percentage in AGTHIA from 51% to
59.17%. (Zawya)
Kuwait sells KD240mn 91-day bills; bid-cover at 11.54x – Kuwait
sold KD240mn of 91-day bills due on April 20, 2021. Investors
offered to buy 11.54 times the amount of securities sold. The bills
have a yield of 1.125% and settled on January 19, 2021.
(Bloomberg)
Kuwait's IFA Holdings to sell 17.4mn treasury shares – Kuwait’s
International Financial Advisors Holding Company (IFA) is set
to put millions of treasury shares up for sale. In a statement to
the Dubai Financial Market (DFM), where the company’s shares
trade, IFA received the approval to sell 17,452,667 shares. Last
week, IFA said it had been subject to a $29mn precautionary
attachment seizure by a local bank due to a dispute between the
two parties. IFA clarified that the seizure was a precautionary
attachment only, not an executive attachment. “We point out
that the company has succeeded during the last period in
reaching a settlement and scheduling what represents 86% of its
total debts related to bank loans.” The company achieved a profit
of $98.9mn from these settlements, the statement continued,
except for a single bank debt which has not been reached or
scheduled. (Zawya)
Bahrain hires banks for multi-tranche dollar bonds – Bahrain has
hired a group of banks to arrange a multi-tranche US dollar-
denominated bond sale, as Gulf borrowers line up to tap the
market following the end-of-year lull. Bahrain hired Bank ABC,
Citi, Gulf International Bank, HSBC, JPMorgan, National Bank of
Bahrain and Standard Chartered to arrange investor calls
starting on Tuesday, a document from one of the banks showed.
An issuance comprising benchmark tranches of seven years, 12
years and/or 30 years will follow, subject to market conditions,
the document said. Benchmark generally means at least
$500mn. Bahrain is rated B+ (Stable) by S&P and B+ (Stable) by
Fitch. (Reuters, Bloomberg)
Bahrain sells BHD100mn 364-day bills; bid-cover at 3.02x –
Bahrain sold BHD100mn of 364-day bills due on January 20,
7. Page 7 of 8
2022. Investors offered to buy 3.02 times the amount of
securities sold. The bills were sold at a price of 97.334, have a
yield of 2.71% and will settle on January 21, 2021. (Bloomberg)
8. Contacts
Saugata Sarkar, CFA, CAIA Shahan Keushgerian Zaid al-Nafoosi, CMT, CFTe
Head of Research Senior Research Analyst Senior Research Analyst
Tel: (+974) 4476 6534 Tel: (+974) 4476 6509 Tel: (+974) 4476 6535
saugata.sarkar@qnbfs.com.qa shahan.keushgerian@qnbfs.com.qa zaid.alnafoosi@qnbfs.com.qa
Mehmet Aksoy, PhD QNB Financial Services Co. W.L.L.
Senior Research Analyst Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6589 PO Box 24025
mehmet.aksoy@qnbfs.com.qa Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services Co. W.L.L. (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (Q.P.S.C.). QNB FS is
regulated by the Qatar Financial Markets Authority and the Qatar Exchange. Qatar National Bank (Q.P.S.C.) is regulated by the Qatar Central Bank. This publication expresses the views and
opinions of QNBFS at a given time only. It is not an offer, promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or
financial advice. QNBFS accepts no liability whatsoever for any direct or indirect losses arising from use of this report. Any investment decision should depend on the individual circumstances of
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Page 8 of 8
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
60.0
80.0
100.0
120.0
140.0
160.0
Dec-16 Dec-17 Dec-18 Dec-19 Dec-20
QSE Index S&P Pan Arab S&P GCC
(0.3%)
(0.9%)
0.2%
(0.2%)
1.0%
3.1%
1.0%
(1.0%)
0.0%
1.0%
2.0%
3.0%
4.0%
Saudi
Arabia
Qatar
Kuwait
Bahrain
Oman
Abu
Dhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,840.28 (0.1) 0.6 (3.1) MSCI World Index 2,732.48 0.7 0.7 1.6
Silver/Ounce 25.22 (0.5) 1.8 (4.5) DJ Industrial 30,930.52 0.4 0.4 1.1
Crude Oil (Brent)/Barrel (FM Future) 55.90 2.1 1.5 7.9 S&P 500 3,798.91 0.8 0.8 1.1
Crude Oil (WTI)/Barrel (FM Future) 52.98 1.2 1.2 9.2 NASDAQ 100 13,197.18 1.5 1.5 2.4
Natural Gas (Henry Hub)/MMBtu 2.80 0.0 0.0 17.5 STOXX 600 407.92 0.2 0.2 1.4
LPG Propane (Arab Gulf)/Ton 89.00 (6.3) (6.3) 18.3 DAX 13,815.06 0.1 0.4 (0.7)
LPG Butane (Arab Gulf)/Ton 91.50 (2.0) (2.0) 22.0 FTSE 100 6,712.95 0.2 (0.2) 3.7
Euro 1.21 0.4 0.4 (0.7) CAC 40 5,598.61 0.0 (0.0) (0.0)
Yen 103.90 0.2 0.0 0.6 Nikkei 28,633.46 1.2 0.3 3.7
GBP 1.36 0.3 0.3 (0.3) MSCI EM 1,381.31 1.6 1.7 7.0
CHF 1.13 0.2 0.3 (0.4) SHANGHAI SE Composite 3,566.38 (0.6) 0.0 3.4
AUD 0.77 0.2 (0.1) 0.0 HANG SENG 29,642.28 2.7 3.8 8.9
USD Index 90.50 (0.3) (0.3) 0.6 BSE SENSEX 49,398.29 1.8 0.7 3.3
RUB 73.68 (0.5) 0.1 (1.0) Bovespa 120,636.40 (1.8) (1.3) (1.8)
BRL 0.19 (1.2) (1.2) (3.1) RTS 1,470.63 (0.3) (0.2) 6.0
123.5
120.6
108.6