The QSE Index in Qatar declined 0.2% due to losses in the banks and financial services and insurance indices. The Commercial Bank and Qatar Navigation were the top losers. Markets were mixed across the GCC with Saudi Arabia down 0.8% but Abu Dhabi and Dubai up 0.6% and 0.4% respectively. News from Qatar included QNB commenting on Qatar's trade surplus increasing due to recovering imports and strong exports, and Woqod planning to increase its petrol stations to 88 by end of year.
The QE Index rose 2.3% to close at 12,948.8. Gains were led by the Banks & Financial Services and Transportation indices, gaining 3.9% and 2.4%, respectively.
The QE Index rose 2.5% to close at 13,272.4. Gains were led by the Banks & Financial Services and Telecoms indices, gaining 4.7% and 1.7%, respectively.
The QE Index rose 0.9% to close at 13,397.6. Gains were led by the Industrials and Consumer Goods & Services indices, gaining 2.8% and 2.3%, respectively.
QNBFS Daily Market Report February 21, 2019QNB Group
The QE Index rose 1.0% to close at 10,077.8. Gains were led by the Real Estate and Banks & Financial Services indices, gaining 2.4% and 1.1%, respectively.
QNBFS Daily Market Report February 09, 2022QNB Group
The QE Index declined marginally to close at 12,673.0. Losses were led by the Transportation and Insurance indices, falling 0.8% and 0.5%, respectively.
The QE Index rose 2.3% to close at 12,948.8. Gains were led by the Banks & Financial Services and Transportation indices, gaining 3.9% and 2.4%, respectively.
The QE Index rose 2.5% to close at 13,272.4. Gains were led by the Banks & Financial Services and Telecoms indices, gaining 4.7% and 1.7%, respectively.
The QE Index rose 0.9% to close at 13,397.6. Gains were led by the Industrials and Consumer Goods & Services indices, gaining 2.8% and 2.3%, respectively.
QNBFS Daily Market Report February 21, 2019QNB Group
The QE Index rose 1.0% to close at 10,077.8. Gains were led by the Real Estate and Banks & Financial Services indices, gaining 2.4% and 1.1%, respectively.
QNBFS Daily Market Report February 09, 2022QNB Group
The QE Index declined marginally to close at 12,673.0. Losses were led by the Transportation and Insurance indices, falling 0.8% and 0.5%, respectively.
QNBFS Daily Market Report October 19, 2021QNB Group
The QE Index declined 0.1% to close at 11,743.4. Losses were led by the Industrials and Banks & Financial Services indices, falling 0.5% and 0.1%, respectively.
QNBFS Daily Market Report October 25, 2021QNB Group
The QE Index declined 0.4% to close at 11,820.7. Losses were led by the Industrials and Banks & Financial Services indices, falling 1.3% and 0.4%, respectively.
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 31, 2021QNB Group
The QE Index rose 1.2% to close at 11,806.5. Gains were led by the Banks & Financial Services and Consumer Goods & Services indices, gaining 2.1% and 1.2%, respectively.
QNBFS Daily Market Report October 17, 2021QNB Group
The QE Index rose 0.5% to close at 11,663.6. Gains were led by the Industrials and Banks & Financial Services indices, gaining 0.9% and 0.6%, respectively.
The QE Index declined 0.4% to close at 13,628.9. Losses were led by the Industrials and Consumer Goods & Services indices, falling 0.5% and 0.3%, respectively.
The QE Index declined 2.0% to close at 9,700.8. Losses were led by the Industrials and Banks & Financial Services indices, falling 2.7% and 2.2%, respectively.
The QE Index declined 0.7% to close at 10,669.2. Losses were led by the Transportation and Banks & Financial Services indices, falling 1.5% and 0.6%, respectively.
QNBFS Daily Market Report October 19, 2021QNB Group
The QE Index declined 0.1% to close at 11,743.4. Losses were led by the Industrials and Banks & Financial Services indices, falling 0.5% and 0.1%, respectively.
QNBFS Daily Market Report October 25, 2021QNB Group
The QE Index declined 0.4% to close at 11,820.7. Losses were led by the Industrials and Banks & Financial Services indices, falling 1.3% and 0.4%, respectively.
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 31, 2021QNB Group
The QE Index rose 1.2% to close at 11,806.5. Gains were led by the Banks & Financial Services and Consumer Goods & Services indices, gaining 2.1% and 1.2%, respectively.
QNBFS Daily Market Report October 17, 2021QNB Group
The QE Index rose 0.5% to close at 11,663.6. Gains were led by the Industrials and Banks & Financial Services indices, gaining 0.9% and 0.6%, respectively.
The QE Index declined 0.4% to close at 13,628.9. Losses were led by the Industrials and Consumer Goods & Services indices, falling 0.5% and 0.3%, respectively.
The QE Index declined 2.0% to close at 9,700.8. Losses were led by the Industrials and Banks & Financial Services indices, falling 2.7% and 2.2%, respectively.
The QE Index declined 0.7% to close at 10,669.2. Losses were led by the Transportation and Banks & Financial Services indices, falling 1.5% and 0.6%, respectively.
The QE Index rose 0.4% to close at 13,383.4. Gains were led by the Banks & Financial Services and Transportation indices, gaining 0.5% and 0.3%, respectively.
The QE Index rose 1.0% to close at 13,525.0. Gains were led by the Industrials and Banks & Financial Services indices, gaining 1.8% and 0.8%, respectively.
The QE Index declined 1.1% to close at 13,613.3. Losses were led by the Industrials and Consumer Goods & Services indices, falling 2.5% and 1.3%, respectively.
The QE Index rose 0.9% to close at 11,978.6. Gains were led by the Consumer Goods & Services and Banks & Financial Services indices, gaining 1.4% and 1.3%, respectively.
The QSE Index rose 1.1% to close at 8,669.0. Gains were led by the Consumer Goods & Services and Industrials indices, gaining 3.4% and 2.4%, respectively.
The QE Index rose 0.2% to close at 10,628.3. Gains were led by the Industrials and Consumer Goods & Services indices, gaining 1.6% and 0.4%, respectively.
QNBFS Daily Market Report 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.
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 to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
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
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.
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
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.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
QNBFS Daily Market Report June 11, 2018
1. Page 1 of 5
QSE Intra-Day Movement
Qatar Commentary
The QSE Index declined 0.2% to close at 9,224.7. Losses were led by the Banks &
Financial Services and Insurance indices, falling 0.6% each. Top losers were The
Commercial Bank and Qatar Navigation, falling 2.7% and 2.0%, respectively. Among
the top gainers, Mannai Corporation gained 3.2%, while Ezdan Holding Group was up
2.8%.
GCC Commentary
Saudi Arabia: The TASI Index fell 0.8% to close at 8,278.5. Losses were led by the
Media and Cons. Durables indices, falling 2.0% and 1.8%, respectively. Al Sorayai
Trading & Ind. declined 10.0%, while Emaar The Economic City was down 5.4%.
Dubai: The DFM General Index gained 0.4% to close at 3,054.5. The Consumer
Staples and Discretionary index rose 1.8%, while the Real Estate & Const. index
gained 0.6%. Takaful Emarat rose 14.6%, while Arabtec Holding was up 5.9%.
Abu Dhabi: The ADX General Index rose 0.6% to close at 4,691.7. The Telecom.
index gained 1.2%, while the Industrial index rose 1.0%. National Bank of Fujairah
gained 14.4%, while Emirates Driving Company was up 5.7%.
Kuwait: The Kuwait Main Market Index rose 0.1% to close at 4,839.9. The Cosumer
Goods index gained 1.1%, while the Financial Services index rose 0.3%. National
International Holding Co. gained 7.3%, while Arabi Group Holding Co. was up 5.6%.
Oman: The MSM 30 Index rose 0.1% to close at 4,601.6. The Financial index gained
0.3%, while the other indices ended in red. HSBC Bank Oman rose 2.6%, while
National Aluminium Products was up 2.5%.
Bahrain: The BHB Index gained 0.8% to close at 1,274.5. The Hotels & Tourism
index rose 2.2%, while the Investment index gained 1.8%. United Gulf Holding
Company rose 10.0%, while Gulf Hotel Group was up 3.1%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Mannai Corporation 48.50 3.2 5.3 (18.5)
Ezdan Holding Group 9.08 2.8 205.4 (24.8)
Dlala Brokerage & Inv. Holding Co. 13.94 2.6 127.3 (5.2)
Qatar Industrial Manufacturing Co 41.00 1.9 1.5 (6.2)
Gulf Warehousing Company 41.97 1.7 6.5 (4.6)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Vodafone Qatar 8.62 0.2 687.7 7.5
Mesaieed Petrochemical Holding 15.50 (1.0) 505.1 23.1
QNB Group 162.97 (0.6) 428.1 29.3
Masraf Al Rayan 34.69 (0.9) 373.0 (8.1)
Qatar Fuel Company 146.00 1.4 314.2 43.1
Market Indicators 10 June 18 07 June 18 %Chg.
Value Traded (QR mn) 239.1 431.3 (44.6)
Exch. Market Cap. (QR mn) 511,315.4 511,542.2 (0.0)
Volume (mn) 4.9 9.9 (50.2)
Number of Transactions 3,130 5,227 (40.1)
Companies Traded 41 42 (2.4)
Market Breadth 24:15 11:31 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 16,252.96 (0.2) (0.2) 13.7 13.7
All Share Index 2,708.97 0.1 0.1 10.5 14.2
Banks 3,277.89 (0.6) (0.6) 22.2 13.4
Industrials 2,935.67 0.0 0.0 12.1 15.4
Transportation 1,864.16 (0.4) (0.4) 5.4 11.8
Real Estate 1,703.87 1.8 1.8 (11.0) 14.8
Insurance 3,260.58 (0.6) (0.6) (6.3) 27.7
Telecoms 1,031.24 0.9 0.9 (6.1) 30.9
Consumer 6,128.53 1.4 1.4 23.5 13.3
Al Rayan Islamic Index 3,636.14 0.2 0.2 6.3 14.8
GCC Top Gainers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
HSBC Bank Oman Oman 0.12 2.6 515.4 (7.8)
National Bank of Bahrain Bahrain 0.61 2.5 20.0 4.0
Dar Al Arkan Real Estate Saudi Arabia 11.42 2.5 21,043.8 (20.7)
Al Hammadi Dev. & Inv. Saudi Arabia 33.60 2.4 1,075.2 (9.4)
Rabigh Refining & Petro. Saudi Arabia 27.00 2.3 1,566.3 64.2
GCC Top Losers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Emaar Economic City Saudi Arabia 12.94 (5.4) 6,104.6 (4.1)
Jabal Omar Dev. Co. Saudi Arabia 40.10 (4.0) 1,433.6 (32.2)
Banque Saudi Fransi Saudi Arabia 33.80 (3.3) 133.8 18.2
F. A. Al Hokair Saudi Arabia 25.70 (2.8) 858.9 (15.5)
The Commercial Bank Qatar 36.98 (2.7) 53.6 28.0
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%
The Commercial Bank 36.98 (2.7) 53.6 28.0
Qatar Navigation 58.50 (2.0) 4.7 4.6
Qatari German Co for Med. Dev. 5.26 (1.7) 14.0 (18.6)
Qatar Islamic Insurance Company 50.00 (1.0) 4.6 (9.0)
Mesaieed Petrochemical Holding 15.50 (1.0) 505.1 23.1
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
QNB Group 162.97 (0.6) 69,763.3 29.3
Qatar Fuel Company 146.00 1.4 45,960.8 43.1
Qatar Islamic Bank 123.00 0.2 29,737.3 26.8
Masraf Al Rayan 34.69 (0.9) 12,919.2 (8.1)
Industries Qatar 109.00 0.1 9,249.7 12.4
Source: Bloomberg (* in QR)
Regional Indices Close 1D% WTD% MTD% YTD%
Exch. Val. Traded
($ mn)
Exchange Mkt.
Cap. ($ mn)
P/E** P/B**
Dividend
Yield
Qatar* 9,224.74 (0.2) (0.2) 3.9 8.2 65.62 140,458.3 13.7 1.4 4.8
Dubai 3,054.45 0.4 0.4 3.0 (9.4) 52.90 105,299.1 9.8 1.2 5.5
Abu Dhabi 4,691.68 0.6 0.6 1.9 6.7 19.48 129,092.8 12.5 1.4 5.1
Saudi Arabia 8,278.51 (0.8) (0.8) 1.4 14.6 789.68 526,445.5 18.7 1.8 3.2
Kuwait 4,839.93 0.1 0.1 0.5 (3.2) 20.79 33,810.5 14.6 0.9 4.1
Oman 4,601.59 0.1 0.1 (0.1) (9.8) 1.50 19,306.9 11.5 1.0 5.3
Bahrain 1,274.48 0.8 0.8 0.7 (4.3) 2.65 19,892.3 8.3 0.8 6.4
Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Market and Dubai Financial Market (** TTM; * Value traded ($ mn) do not include special trades, if any)
9,160
9,180
9,200
9,220
9,240
9,260
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 9,224.7. The Banks & Financial
Services and Insurance indices led the losses. The index fell on the back
of selling pressure from Qatari shareholders despite buying support from
GCC and non-Qatari shareholders.
The Commercial Bank and Qatar Navigation were the top losers, falling
2.7% and 2.0%, respectively. Among the top gainers, Mannai
Corporation gained 3.2%, while Ezdan Holding Group was up 2.8%.
Volume of shares traded on Sunday fell by 50.2% to 4.9mn from 9.9mn
on Thursday. Further, as compared to the 30-day moving average of
11.7mn, volume for the day was 57.7% lower. Vodafone Qatar and
Mesaieed Petrochemical Holding Company were the most active stocks,
contributing 13.9% and 10.2% to the total volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
News
Qatar
QNB Group: Qatar’s goods trade surplus benefiting from
recovering imports, buoyant exports – Qatar’s goods trade
surplus is benefiting from recovering imports and buoyant
exports, driven by higher hydrocarbon prices, QNB Group stated
in its weekly economic commentary. The latest monthly
indicators on trade and industrial prices show the Qatari
economy benefiting from higher global hydrocarbon prices,
ensuring that the already dwindling impact of the diplomatic
rift on the economy recedes yet further. In particular, the latest
monthly trade statistics showed the goods trade surplus
increased higher in April. In level terms, the surplus topped
QR14.7bn. In percentage terms, the surplus was up a stunning
49% YoY versus April 2017. The surpluses’ surge is a by-product
of recovering, but still muted, import growth (up 3.1%) and,
most importantly, a buoyant export performance due to higher
hydrocarbon prices. In level terms, April’s exports were up more
than QR5bn versus a year ago; a gain of more than 27%.
Inevitably, the export surge is driven by the dominant
hydrocarbon sector, whose exports were up QR4.7bn versus last
April so accounting for around 90% of exports’ total gain. (Gulf-
Times.com)
CBQK ends talks with Tabarak Investment on UAB’s stake –
The Commercial Bank (CBQK) ceased discussions with Tabarak
Investment, owned by Tabarak Commercial Investment One
Person Company, in respect of the potential purchase of CBQK’s
stake in United Arab Bank (UAB), a publicly listed entity on the
Abu Dhabi Securities Exchange with its registered head office
in Sharjah, UAE. (QSE)
Woqod raises non-Qatari ownership to 49% – Qatar Fuel
Company’s (Woqod) annual general meeting amended Article
9-1 of Woqod’s Articles of Association to raise non-Qatari
ownership to 49% of the company’s share capital and to raise
the limits of private ownership to 1%. Woqod’s CEO, Saad
Rashid Al Muhannadi said, “The amendment aims to give effect
to the instructions of Qatar Petroleum to its listed affiliate
companies, and also to address the request of Qatar Stock
Exchange to undertake the said amendments with the purpose
of enhancing the investment attractiveness of Qatari
companies, after the classification of the state of Qatar was
raised by MSCI and a number of international indexing agencies
to the level of emerging markets, thus becoming the largest
emerging market in the region.” (Gulf-Times.com)
Woqod eyes 88 petrol stations by year-end – Qatar Fuel
Company (Woqod) is planning to have a total of 88 petrol
stations by the end of this year, and as many as 120 in the next
three years as part of the company’s ambitious expansion plan
in the local market, according to Woqod’s CEO, Saad Rashid Al
Muhannadi. “It is highly expected that the number will rise to
88 gas stations by the end of 2018, where 30 additional gas
stations, 10 of which are mobile, will be built,” Al Muhannadi
explained on the sidelines of Woqod’s annual general meeting.
The company’s current share in the fuel retail market reached
64% compared to only 48% in 2016, and stressed that it will rise
to 85% by the year 2020. On petrol station growth and fuel
growth trends, Al Muhannadi said Woqod is determined to
double the number of petrol stations by effecting a 100%
increase from 2018 to 2020 with the view to achieve customer
satisfaction and avert queues in the petrol stations, despite the
fact that the increase of fuel consumption during the said years
will not exceed 10%. (Gulf-Times.com)
Qatar’s CPI inflation edges higher in May – Higher expenses,
particularly towards transportation, clothing and food, led
Qatar’s cost of living, based on consumer price index (CPI), to
grow 0.5% YoY this May. However, CPI inflation was down
0.3% MoM in May 2018 as five main groups saw declines, as the
country witnessed price freeze owing to Ramadan, according to
the Ministry of Development Planning and Statistics. The
transport sector, which has 14.59% weight, saw its group index
vault 7.8% YoY and 1.9% on a monthly basis. Communication,
which carries 5.87% weight, saw its group index shrink 1% YoY
in May 2018 but remained flat MoM. (Gulf-Times.com)
HIA weathers blockade; airfreight volumes surge – A travel and
trade blockade imposed by four Arab states has spurred air-
freight volumes to record highs at Qatar’s Hamad International
Airport (HIA). The closure of Qatar’s only land border with
Saudi Arabia has led to an airlift-style operation to safeguard
the supply of goods and produce spanning fresh milk to
industrial gear previously transported by truck, according to the
airport’s Chief Operating Officer, Badr Mohamed Al Meer.
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 35.19% 42.75% (18,083,234.41)
Qatari Institutions 10.22% 20.89% (25,511,333.30)
Qatari 45.41% 63.64% (43,594,567.71)
GCC Individuals 0.28% 0.37% (219,832.58)
GCC Institutions 9.21% 7.57% 3,929,852.30
GCC 9.49% 7.94% 3,710,019.72
Non-Qatari Individuals 6.55% 7.84% (3,084,739.28)
Non-Qatari Institutions 38.55% 20.58% 42,969,287.27
Non-Qatari 45.10% 28.42% 39,884,547.99
3. Page 3 of 5
Freight volumes at the hub, which opened in 2014, jumped 10%
to 514,000 tons in the first quarter. The passenger tally slid 11%
to 8.73mn and the number of aircraft takeoff s and landings fell
17% to 52,200. The surge in air freight has been led by imports
from countries including Turkey, Iran, Morocco and Australia,
substituting for loads that would have been flown or shipped
from the boycotting states or trucked in from Saudi Arabia.
(Gulf-Times.com)
OBG: Qatar moving to promote private sector development,
economic diversification – Private-sector growth and new
government initiatives to support long-term economic
diversification and sustainability will be the focus of the global
research, publishing, and consultancy firm Oxford Business
Group’s (OBG) upcoming economic report on the country, ‘The
Report: Qatar 2019’. New developments in Qatar’s economy,
including measures to support non-hydrocarbon growth and
priority industries including agriculture, manufacturing and
defense, will be explored in OBG’s economic analysis. Alongside
comprehensive analysis of key sectors including the strong
project pipeline in infrastructure, construction, and energy, the
publication will also highlight areas with robust growth
potential and opportunities for increased private-sector
involvement. (Gulf-Times.com)
ILO Doha office seen sparking more interest from Swedish
companies – The inauguration of the International Labour
Organization’s (ILO) office in Doha is a very positive step, and
will bolster Sweden’s future bilateral trade and investment
programs, according to Swedish Ambassador, Ewa Polano.
Polano said, “This will lead to an increased interest from
Swedish companies, which, before, have sometimes seen
worker’s rights as an obstacle. However, now Qatar is showing
a strong interest to become a role model in the Gulf for worker’s
rights and abolishing the Kafala (sponsorship) system in the
new legislation from December 2016. This is very positive for
Swedish bilateral trade and investment initiatives in the
coming year.” (Gulf-Times.com)
International
Japan’s core machinery orders rise 10.1% MoM in April –
Japan’s core machinery orders rose 10.1% in April from the
previous month, reversing the prior month’s decline in a sign of
a recovery in capital spending, Cabinet Office data showed. The
rise in core orders, a highly volatile data series regarded as an
indicator of capital expenditure in the coming six to nine
months, compared with economists’ median estimate for 2.8%
increase in a Reuters poll. Compared with a year earlier, core
orders, which exclude those for ships and from electric power
utilities, grew 9.6% in April, versus an estimated 3.9% rise.
(Reuters)
Regional
GCC’s consumer prices rise by 4.3% – Over the 12 months to
April 2018, price change for consumer goods and services,
excluding housing, in the GCC countries rose by 4.3%, according
to the Statistical Centre for the Cooperation Council of the Arab
Countries of the Gulf. The biggest increases were for tobacco
55.3%, transport 8.9%, restaurant and hotels by 6.0%, food
4.3%, education 2.8%, health 2.5%, miscellaneous 2.0%,
communication 1.9%, furnishings 1.7% and recreation 1.6%. On
the other hand, clothing and footwear fell by 1.7%. (Bloomberg)
Saudi Arabia’s real estate market sees negative performance in
1Q2018 – Saudi Arabia’s real estate market saw a negative
performance in 1Q2018, after the Kingdom’s property prices
came among the world’s worst performing, according to a
report. The report showed that property prices in Saudi Arabian
economy declined by 0.2% over the past 12 months. (Zawya)
SHUAA Capital, National Bonds sign MoU to set up a venture –
SHUAA Capital signed MoU with National Bonds, a savings and
investment company in the UAE, to start a venture in Saudi
Arabia to offer savings and investments plans in the Kingdom,
according to sources. In discussions with regulators to agree
and implement an operation, framework will be started in the
second half of this year. (Bloomberg)
Tadawul announces the addition of the bonus shares and
fluctuation limits for Saudi Arabian Cooperative Insurance
Company – Saudi Arabian Cooperative Insurance Company held
its EGM and approved the capital increase via bonus shares.
Thus, the fluctuation limits for Saudi Arabian Cooperative
Insurance Company will be based on a share price of SR14.66.
The Securities Depository Center will deposit the addition
shares into the investor’s portfolios. (Tadawul)
Tadawul announces the fluctuation limits for United
Cooperative Assurance Company – United Cooperative
Assurance Company held its EGM and approved the capital
reduction. Thus, the fluctuation limits for United Cooperative
Assurance Company will be based on a share price of SR12.62.
(Tadawul)
Advanced Petrochemical Company announces the distribution
of dividend for 2Q2018 – The Board of Directors of Advanced
Petrochemical Company recommended distributing dividend to
the shareholders for 2Q2018. Total amount of distribution of
dividend is SR137.8mn and dividend per share is SR0.70.
(Tadawul)
Dubai Islamic Bank’s rights share issue about three times
oversubscribed – Dubai Islamic Bank’s AED5.1bn rights offering
got subscriptions in excess of AED14bn, according to sources.
More than 50% interest is shown from foreign institutional
investors. Dubai Islamic Bank is further planning to raise
$1.4bn from rights issue. (Bloomberg)
S&P sees Abu Dhabi’s economic growth picking up gradually –
Global ratings agency S&P affirmed Abu Dhabi’s ‘AA’ long-term
and expects that the economic growth will gradually pick up
and that the country’s fiscal position will remain strong over
the next two years. Following 0.5% contraction in real terms in
2017 due to the OPEC’s oil production cuts, S&P forecast
gradual rising real GDP growth of the Emirate on the back of
recovering oil prices and production and a revival in
investment. S&P projects Abu Dhabi’s economic growth will
rise gradually to 3% by 2021 from 1.3% in 2018, supported by
increased oil production, planned spending on investment
projects, and recovering domestic credit growth bolstered by
higher oil prices and improving demand in the region. (Zawya)
Moody’s: Kuwait’s credit profile remain strong, reform
implementation expected to be delayed – Kuwait currently
holds a healthy credit profile of ‘Aa2’ & ‘Stable’ reflecting the
country’s substantial oil and gas reserves, historic fiscal and
balance of payments surpluses and comparatively low
government debt levels, according to Moody’s. According to
4. Page 4 of 5
Moody’s report, Kuwait’s key credit challenge is its excessively
high dependence on oil and the resulting volatility for its
economy, exports and government finances. The country is
evidently slower than its regional peers in developing its non-
oil and private sectors. Despite rising government debt levels
and Moody’s expects government income to remain heavily
reliant on hydrocarbon revenues for the foreseeable future,
Kuwait will maintain an extraordinarily strong government
balance sheet and an overall net asset position. (Zawya)
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
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Page 5 of 5
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
40.0
60.0
80.0
100.0
120.0
May-14 May-15 May-16 May-17 May-18
QSE Index S&P Pan Arab S&P GCC
(0.8%)
(0.2%)
0.1%
0.8%
0.1%
0.6%
0.4%
(1.0%)
(0.5%)
0.0%
0.5%
1.0%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,299.35 0.2 0.4 (0.3) MSCI World Index 2,137.74 0.0 1.4 1.6
Silver/Ounce 16.80 0.5 2.4 (0.8) DJ Industrial 25,316.53 0.3 2.8 2.4
Crude Oil (Brent)/Barrel (FM Future) 76.46 (1.1) (0.4) 14.3 S&P 500 2,779.03 0.3 1.6 3.9
Crude Oil (WTI)/Barrel (FM Future) 65.74 (0.3) (0.1) 8.8 NASDAQ 100 7,645.51 0.1 1.2 10.8
Natural Gas (Henry Hub)/MMBtu 2.92 (0.4) (0.3) (17.5) STOXX 600 385.12 (0.5) 0.5 (3.1)
LPG Propane (Arab Gulf)/Ton 89.88 1.1 (2.2) (8.1) DAX 12,766.55 (0.6) 1.3 (3.2)
LPG Butane (Arab Gulf)/Ton 97.00 0.8 4.4 (8.2) FTSE 100 7,681.07 (0.3) 0.2 (0.9)
Euro 1.18 (0.3) 0.9 (2.0) CAC 40 5,450.22 (0.3) 0.6 0.5
Yen 109.55 (0.1) 0.0 (2.8) Nikkei 22,694.50 (0.3) 2.4 2.5
GBP 1.34 (0.1) 0.4 (0.8) MSCI EM 1,135.39 (1.2) 0.5 (2.0)
CHF 1.01 (0.5) 0.3 (1.1) SHANGHAI SE Composite 3,067.15 (1.6) (0.0) (5.8)
AUD 0.76 (0.3) 0.4 (2.7) HANG SENG 30,958.21 (1.7) 1.5 3.0
USD Index 93.54 0.1 (0.7) 1.5 BSE SENSEX 35,443.67 (0.2) (0.3) (1.6)
RUB 62.33 (0.1) 0.2 8.2 Bovespa 72,942.07 3.8 (5.3) (15.8)
BRL 0.27 5.4 1.5 (10.7) RTS 1,142.90 (2.4) (1.8) (1.0)
84.6
82.3
72.5