The QE Index declined 0.1% to close at 10,761.4. Losses were led by the Telecoms and Consumer Goods & Services indices, falling 0.8% and 0.4%, respectively.
The QE Index rose 0.1% to close at 10,613.5. Gains were led by the Consumer Goods & Services and Banks & Financial Services indices, gaining 0.5% and 0.4%, respectively.
QNBFS Daily Market Report January 26, 2021QNB Group
The QE Index in Qatar declined 0.3% led by losses in the Transportation and Telecoms indices. INMA Holding and Dlala Brokerage were the top losers falling 3.6% and 3.2% respectively. Al Khaleej Takaful Insurance rose 3.6% and Baladna rose 3%. Trading volume fell 15.9% compared to the previous day. In company news, QFLS announced its AGM will be held on March 8th, MERS will disclose annual results on February 23rd, and BRES will disclose annual results on February 8th. IHGS reported a 74.3% rise in annual net profit but a 42.1% quarterly
The document provides an intra-day market summary and commentary for the Qatar Stock Exchange and other GCC exchanges. It summarizes that the QSE index declined 0.3% led by losses in the insurance and telecom indices. Top losers were Qatar General Insurance and Dlala Brokerage. Top gainers included Ezdan Holding Group and Doha Insurance Co. Trading volume on the QSE rose 25.4% compared to the previous day. The document also provides brief summaries for other GCC exchanges in Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain.
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.
QNBFS Daily Market Report November 30, 2021QNB Group
The QE Index rose 0.1% to close at 11,471.4. Gains were led by the Insurance and Consumer Goods & Services indices, gaining 1.4% and 1.2%, respectively.
The QE Index rose 2.0% to close at 10,503.6. Gains were led by the Banks & Financial Services and Industrials indices, gaining 2.6% and 2.3%, respectively.
The QE Index in Qatar declined 0.2% during the day's trading. Losses were led by the Transportation and Real Estate indices. Top losers were Al Khaleej Takaful Insurance Co. and Dlala Brokerage & Investment HoldingCo, falling 4.6% and 3.4% respectively. In Saudi Arabia, the TASI Index gained 0.7% with gains in the Media & Entertainment and Telecom Services sectors. The DFM Index in Dubai fell 0.3% while the ADX General Index in Abu Dhabi gained 0.2%.
The QE Index rose 0.1% to close at 10,613.5. Gains were led by the Consumer Goods & Services and Banks & Financial Services indices, gaining 0.5% and 0.4%, respectively.
QNBFS Daily Market Report January 26, 2021QNB Group
The QE Index in Qatar declined 0.3% led by losses in the Transportation and Telecoms indices. INMA Holding and Dlala Brokerage were the top losers falling 3.6% and 3.2% respectively. Al Khaleej Takaful Insurance rose 3.6% and Baladna rose 3%. Trading volume fell 15.9% compared to the previous day. In company news, QFLS announced its AGM will be held on March 8th, MERS will disclose annual results on February 23rd, and BRES will disclose annual results on February 8th. IHGS reported a 74.3% rise in annual net profit but a 42.1% quarterly
The document provides an intra-day market summary and commentary for the Qatar Stock Exchange and other GCC exchanges. It summarizes that the QSE index declined 0.3% led by losses in the insurance and telecom indices. Top losers were Qatar General Insurance and Dlala Brokerage. Top gainers included Ezdan Holding Group and Doha Insurance Co. Trading volume on the QSE rose 25.4% compared to the previous day. The document also provides brief summaries for other GCC exchanges in Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain.
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.
QNBFS Daily Market Report November 30, 2021QNB Group
The QE Index rose 0.1% to close at 11,471.4. Gains were led by the Insurance and Consumer Goods & Services indices, gaining 1.4% and 1.2%, respectively.
The QE Index rose 2.0% to close at 10,503.6. Gains were led by the Banks & Financial Services and Industrials indices, gaining 2.6% and 2.3%, respectively.
The QE Index in Qatar declined 0.2% during the day's trading. Losses were led by the Transportation and Real Estate indices. Top losers were Al Khaleej Takaful Insurance Co. and Dlala Brokerage & Investment HoldingCo, falling 4.6% and 3.4% respectively. In Saudi Arabia, the TASI Index gained 0.7% with gains in the Media & Entertainment and Telecom Services sectors. The DFM Index in Dubai fell 0.3% while the ADX General Index in Abu Dhabi gained 0.2%.
The document summarizes the daily movement of stock markets in Qatar and other GCC countries. On the Qatar Stock Exchange (QSE), the index declined 1.3% as the Industrials and Real Estate indices fell sharply. Industries Qatar and Ahli Bank were the top losers. In other GCC countries, the stock markets of Saudi Arabia and Kuwait declined slightly while the markets of Dubai and Abu Dhabi rose marginally. The document also provides details on company news and the volumes and values of shares traded in Qatar and other GCC stock exchanges.
The QE index in Qatar rose 0.6% led by gains in the real estate and transportation indices. Islamic Holding Group and Qatari Investors Group saw the largest gains, rising 10% and 9.9% respectively. Overall trading activity fell compared to the previous day. Regional indices were mixed with Saudi Arabia falling 0.1% while Bahrain rose 1.2%. Global economic data was mixed with money supply in China rising and industrial production falling in some European countries. News articles discussed Qatar's positive economic outlook benefiting the insurance industry and a 1.6% rise in Qatar's PPI in 4Q2013.
QNBFS Daily Market Report January 24, 2021QNB Group
The QE Index declined 0.6% to close at 10,736.4. Losses were led by the Banks & Financial Services and Telecoms indices, falling 0.8% and 0.6%, respectively.
The QE Index in Qatar rose 0.5% led by gains in the telecom and transportation indices. Vodafone Qatar and Dlala Brokerage rose the most while Qatar Cinema fell the most. Trading volume fell 10.3% compared to the previous day. In other markets, indices were mixed with Saudi Arabia falling but gains in Dubai, Abu Dhabi, and Kuwait. Earnings news included results from Salama Cooperative, Gulf Navigation Holding, and Drake & Scull International. Industries Qatar plans $1.7 billion in capex for its petrochemical segment over five years.
The QE index declined marginally to close at 9,975.8 led by losses in the Industrials and Consumer Goods & Services indices. Top losers were Qatar German Co. for Med. Dev. and Widam Food Co., falling 1.3% and 0.8% respectively. Meanwhile, Qatar Cinema & Film Dist. Co. rose 9.8% and Vodafone Qatar gained 5.5% among the top gainers. Overall, the market declined on selling pressure from non-Qatari shareholders despite buying support from Qatari shareholders. Volume of shares traded rose by 22.0% compared to the previous day and was 42.5% higher than the 30-day moving average.
The QSE Index rose 0.5% led by gains in the Banks & Financial Services and Telecoms indices. National Leasing and Widam Food Co. were the top gainers rising 3.3% and 2.3% respectively, while Mannai Corp fell 3.5%. Regional indices were mixed with Abu Dhabi rising 0.4% and Oman up 0.2% while Saudi Arabia fell 0.1%, Dubai declined 0.3% and Kuwait dropped 0.6%. Earnings reports from Saudi companies showed revenue declines and mixed profit results. Global PMIs were mixed with improvements in the US and declines in the UK and Eurozone.
The QSE Index rose 0.5% led by gains in the Insurance and Industrials indices. Qatar Cinema & Film Distribution Co. and Qatar Insurance Co. were the top gainers rising 9.8% and 4.3% respectively. Regional indices were mixed with Saudi Arabia up 2.6% while Abu Dhabi fell 0.3%. Vodafone Qatar reported lower than expected quarterly results and will become fully Sharia compliant in April 2015. Barwa Real Estate signed an expansion project deal and Qatar's telecom revenues exceeded QR8.5 billion in 2013/14.
The document provides an overview of stock market activity and company news for Qatar and other GCC countries on March 28, 2021.
The key points are:
- Qatar's stock market index (QE Index) rose 0.2% led by gains in the real estate and industrial sectors. Ezdan Holding Group and Qatar First Bank were the top gainers.
- Other GCC markets were mixed with Saudi Arabia and Abu Dhabi up while Kuwait declined.
- Earnings reports and upcoming earnings dates are provided for Qatari companies. Mazaya Real Estate reported an 11.7% rise in annual profit while Al Khaleej Takaful's AGM endorsed all items on its agenda.
The QE index in Qatar rose 0.5% led by gains in the real estate and banking indices. Al Ahli Bank and United Development Co. were the top gainers rising 3.2% and 2.5% respectively, while Qatar Islamic Insurance fell 2.2%. Regional indices were mixed with Saudi Arabia up 1.1% and Dubai down 0.3%. Vodafone Qatar reported a net loss for the quarter but distributable profit for the full year and will reinvest it, while calling for a ban on illegal voice over internet calls.
QNBFS Daily Market Report August 09, 2021QNB Group
- The QE Index in Qatar rose 0.4% led by gains in the real estate and industrial indices. Top gainers included Dlala Brokerage and Investment Holding Group.
- Regional indices were mixed with Abu Dhabi up 1.1% while Bahrain fell 0.2%. Saudi Arabia was closed for a holiday.
- Earnings reports saw profit increases at National Industrialization Co. and Dr. Sulaiman Al Habib Medical but losses for United Foods Company and Arkan Building Materials Co. Qatar Insurance Co. reported a profit versus a loss in the prior year period.
The QE index in Qatar rose 0.5% led by gains in the insurance and transportation indices. Qatar Cinema & Film Dist. Co. and Qatar General Ins. & Rein. Co. were the top gainers while Aamal Co. and Qatar Fuel Co. declined. Regional indices were also up in Dubai, Abu Dhabi, Oman and Saudi Arabia but down in Kuwait and flat in Bahrain. News included an agreement between GWCS and QAFAC in Qatar, VFQS expanding passport services, and the Saudi Health Ministry planning SR3bn in project contracts.
The QE Index rose 0.7% to close at 10,749.1. Gains were led by the Industrials and Banks & Financial Services indices, gaining 1.1% and 0.7%, respectively.
The QE Index declined 0.4% to close at 10,505.3. Losses were led by the Banks & Financial Services and Insurance indices, falling 1.1% and 0.7%, respectively.
The QE Index declined 0.2% to close at 10,793.0. Losses were led by the Real Estate and Consumer Goods & Services indices, falling 1.2% and 0.5%, respectively.
The QE Index declined 0.4% to close at 10,743.5. Losses were led by the Telecoms and Banks & Financial Services indices, falling 1.3% and 0.7%, respectively.
The document summarizes the daily movement of stock markets in Qatar and other GCC countries. On the Qatar Stock Exchange (QSE), the index declined 1.3% as the Industrials and Real Estate indices fell sharply. Industries Qatar and Ahli Bank were the top losers. In other GCC countries, the stock markets of Saudi Arabia and Kuwait declined slightly while the markets of Dubai and Abu Dhabi rose marginally. The document also provides details on company news and the volumes and values of shares traded in Qatar and other GCC stock exchanges.
The QE index in Qatar rose 0.6% led by gains in the real estate and transportation indices. Islamic Holding Group and Qatari Investors Group saw the largest gains, rising 10% and 9.9% respectively. Overall trading activity fell compared to the previous day. Regional indices were mixed with Saudi Arabia falling 0.1% while Bahrain rose 1.2%. Global economic data was mixed with money supply in China rising and industrial production falling in some European countries. News articles discussed Qatar's positive economic outlook benefiting the insurance industry and a 1.6% rise in Qatar's PPI in 4Q2013.
QNBFS Daily Market Report January 24, 2021QNB Group
The QE Index declined 0.6% to close at 10,736.4. Losses were led by the Banks & Financial Services and Telecoms indices, falling 0.8% and 0.6%, respectively.
The QE Index in Qatar rose 0.5% led by gains in the telecom and transportation indices. Vodafone Qatar and Dlala Brokerage rose the most while Qatar Cinema fell the most. Trading volume fell 10.3% compared to the previous day. In other markets, indices were mixed with Saudi Arabia falling but gains in Dubai, Abu Dhabi, and Kuwait. Earnings news included results from Salama Cooperative, Gulf Navigation Holding, and Drake & Scull International. Industries Qatar plans $1.7 billion in capex for its petrochemical segment over five years.
The QE index declined marginally to close at 9,975.8 led by losses in the Industrials and Consumer Goods & Services indices. Top losers were Qatar German Co. for Med. Dev. and Widam Food Co., falling 1.3% and 0.8% respectively. Meanwhile, Qatar Cinema & Film Dist. Co. rose 9.8% and Vodafone Qatar gained 5.5% among the top gainers. Overall, the market declined on selling pressure from non-Qatari shareholders despite buying support from Qatari shareholders. Volume of shares traded rose by 22.0% compared to the previous day and was 42.5% higher than the 30-day moving average.
The QSE Index rose 0.5% led by gains in the Banks & Financial Services and Telecoms indices. National Leasing and Widam Food Co. were the top gainers rising 3.3% and 2.3% respectively, while Mannai Corp fell 3.5%. Regional indices were mixed with Abu Dhabi rising 0.4% and Oman up 0.2% while Saudi Arabia fell 0.1%, Dubai declined 0.3% and Kuwait dropped 0.6%. Earnings reports from Saudi companies showed revenue declines and mixed profit results. Global PMIs were mixed with improvements in the US and declines in the UK and Eurozone.
The QSE Index rose 0.5% led by gains in the Insurance and Industrials indices. Qatar Cinema & Film Distribution Co. and Qatar Insurance Co. were the top gainers rising 9.8% and 4.3% respectively. Regional indices were mixed with Saudi Arabia up 2.6% while Abu Dhabi fell 0.3%. Vodafone Qatar reported lower than expected quarterly results and will become fully Sharia compliant in April 2015. Barwa Real Estate signed an expansion project deal and Qatar's telecom revenues exceeded QR8.5 billion in 2013/14.
The document provides an overview of stock market activity and company news for Qatar and other GCC countries on March 28, 2021.
The key points are:
- Qatar's stock market index (QE Index) rose 0.2% led by gains in the real estate and industrial sectors. Ezdan Holding Group and Qatar First Bank were the top gainers.
- Other GCC markets were mixed with Saudi Arabia and Abu Dhabi up while Kuwait declined.
- Earnings reports and upcoming earnings dates are provided for Qatari companies. Mazaya Real Estate reported an 11.7% rise in annual profit while Al Khaleej Takaful's AGM endorsed all items on its agenda.
The QE index in Qatar rose 0.5% led by gains in the real estate and banking indices. Al Ahli Bank and United Development Co. were the top gainers rising 3.2% and 2.5% respectively, while Qatar Islamic Insurance fell 2.2%. Regional indices were mixed with Saudi Arabia up 1.1% and Dubai down 0.3%. Vodafone Qatar reported a net loss for the quarter but distributable profit for the full year and will reinvest it, while calling for a ban on illegal voice over internet calls.
QNBFS Daily Market Report August 09, 2021QNB Group
- The QE Index in Qatar rose 0.4% led by gains in the real estate and industrial indices. Top gainers included Dlala Brokerage and Investment Holding Group.
- Regional indices were mixed with Abu Dhabi up 1.1% while Bahrain fell 0.2%. Saudi Arabia was closed for a holiday.
- Earnings reports saw profit increases at National Industrialization Co. and Dr. Sulaiman Al Habib Medical but losses for United Foods Company and Arkan Building Materials Co. Qatar Insurance Co. reported a profit versus a loss in the prior year period.
The QE index in Qatar rose 0.5% led by gains in the insurance and transportation indices. Qatar Cinema & Film Dist. Co. and Qatar General Ins. & Rein. Co. were the top gainers while Aamal Co. and Qatar Fuel Co. declined. Regional indices were also up in Dubai, Abu Dhabi, Oman and Saudi Arabia but down in Kuwait and flat in Bahrain. News included an agreement between GWCS and QAFAC in Qatar, VFQS expanding passport services, and the Saudi Health Ministry planning SR3bn in project contracts.
The QE Index rose 0.7% to close at 10,749.1. Gains were led by the Industrials and Banks & Financial Services indices, gaining 1.1% and 0.7%, respectively.
The QE Index declined 0.4% to close at 10,505.3. Losses were led by the Banks & Financial Services and Insurance indices, falling 1.1% and 0.7%, respectively.
The QE Index declined 0.2% to close at 10,793.0. Losses were led by the Real Estate and Consumer Goods & Services indices, falling 1.2% and 0.5%, respectively.
The QE Index declined 0.4% to close at 10,743.5. Losses were led by the Telecoms and Banks & Financial Services indices, falling 1.3% and 0.7%, respectively.
The QE Index declined 0.1% to close at 10,739.1. Losses were led by the Telecoms and Banks & Financial Services indices, falling 0.4% and 0.3%, respectively.
The QE index in Qatar declined slightly, led by losses in the industrial and banking sectors. Top losers were Salam International Investment Co. and Qatar Oman Investment Co. Meanwhile, Mazaya Qatar Real Estate Development and Qatar Cinema & Film Distribution Co. were among the top gainers. Trading activity in Qatar rose compared to the previous period. Regional markets in Saudi Arabia and Oman rose, while those in Dubai, Abu Dhabi and Kuwait fell. Earnings news and corporate developments were also reported from companies in Qatar, Dubai, Kuwait and Oman.
QNBFS Daily Market Report December 06, 2016QNB Group
The document summarizes daily market activity and commentary for the Qatari and broader GCC stock markets. Key points include:
- The Qatari QSE index fell 0.8% led by declines in the banks and consumer goods indices. Top losers were Medicare Group and Barwa Real Estate.
- Other GCC markets were mixed with Abu Dhabi rising and Saudi Arabia and Kuwait declining.
- Trading activity on the QSE increased significantly compared to the previous day and 30-day average.
The QE index in Qatar declined 1.8% led by losses in the telecom and banking indices. Qatar Cinema and Qatar Islamic Bank were the top losers falling 10% and 5.3% respectively. Trading volume rose 34.4% but was lower than the 30-day average. A draft law was issued allowing non-Qatari investors up to 49% ownership in listed companies. The Commercial Bank of Qatar completed a $750 million bond issue.
QNBFS Daily Market Report February 17, 2021QNB Group
The QE Index in Qatar rose marginally to close at 10,459.9. Gains were led by the Telecom and Consumer Goods & Services indices. Qatar Cinema & Film Distribution and Qatar Aluminium Manufacturing were the top gainers rising 4.1% and 1.7% respectively. Gulf Warehousing fell 3.0% and was among the top losers. Trading volume fell 40.2% compared to the previous day. In Qatar, CBQK announced its upcoming AGM and NLCS endorsed items on its agenda including financial statements and a dividend distribution.
The QSE Index in Qatar declined 2.7% led by losses in the real estate and telecom indices. Ezdan Holding Group and Vodafone Qatar were the top losers, falling 10% and 9% respectively. In other GCC markets, Saudi Arabia's TASI index rose marginally while Dubai and Abu Dhabi fell slightly and Kuwait and Oman declined around 0.3%.
QNBFS Daily Market Report December 07, 2021QNB Group
The QE Index declined marginally to close at 11,582.3. Losses were led by the Insurance and Banks & Financial Services indices, falling 0.6% and 0.2%, respectively.
The QE index in Qatar rose 0.4% led by gains in the industrial and insurance indices. Gulf International Services and Doha Insurance Co. were the top gainers while Qatar German Co. for Med. Dev. and Al Ahli Bank declined the most. Trading volume on the QE exchange declined 16.8% compared to the 30-day moving average. In other news, QNB Group reported a 14.1% rise in net profit for the first nine months of 2013 and the QCB will adopt the IBAN system for bank accounts in Qatar next year. KCBK also set initial price guidance for its debut dollar denominated bond offering.
The QE index in Qatar declined slightly by 0.1% led by losses in the insurance and industrial indices. Top losers were Qatar Cinema & Film Dist. Co. and Qatar Electricity & Water Co. which fell by 1.8% and 1.0% respectively. Trading activity increased compared to the previous day but remained below the 30-day average. Regional indices were mixed with Saudi Arabia and Dubai rising while Bahrain declined. News items highlighted Qatar's growing trade surplus in August driven by LNG exports, a directive to support Qatar Airways, and mixed quarterly earnings results from various Qatari companies.
The QE Index rose 0.2% to close at 10,748.3. Gains were led by the Insurance and Banks & Financial Services indices, gaining 1.2% and 0.5%, respectively.
Similar to QNBFS Daily Market Report June 27, 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.
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic DataChampak Jhagmag
In this presentation, we will explore the rise of generative AI in finance and its potential to reshape the industry. We will discuss how generative AI can be used to develop new products, combat fraud, and revolutionize risk management. Finally, we will address some of the ethical considerations and challenges associated with this powerful technology.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
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.
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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.
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Role of Information Technology in Revenue - Prof Oyedokun.pptx
QNBFS Daily Market Report June 27, 2021
1. Page 1 of 8
QSE Intra-Day Movement
Qatar Commentary
The QE Index declined 0.1% to close at 10,761.4. Losses were led by the Telecoms
and Consumer Goods & Services indices, falling 0.8% and 0.4%, respectively. Top
losers were Qatar Cinema & Film Distribution and Qatari German Co. for Med.
Devices, falling 3.3% and 2.0%, respectively. Among the top gainers, Qatar Islamic
Insurance Company gained 1.8%, while Doha Insurance Group was up 1.1%.
GCC Commentary
Saudi Arabia: The TASI Index gained 0.2% to close at 10,919.7. Gains were led by
the Capital Goods and Materials indices, rising 0.6% each. Al Yamamah Steel
Industries Co. rose 8.5%, while Zamil Industrial Investment Co. was up 6.5%.
Dubai: The DFM Index fell 0.4% to close at 2,857.1. The Services index declined
1.4%, while the Consumer Staples and Discretionary index fell 0.9%. Emirates
Refreshments Co. declined 9.8%, while Dubai Refreshment Company was down
5.3%.
Abu Dhabi: The ADX General Index fell 1.0% to close at 6,576.0. The Banks index
declined 1.9%, while the Service index fell 1.0%. Ras Al Khaimah White Cement &
Construction Materials declined 9.7%, while Zee Store was down 5.8%.
Kuwait: The Kuwait All Share Index fell 0.1% to close at 6,459.7. The Energy and
the Real Estate indices fell 1.0% each. United Projects for Aviation Services Co.
declined 4.6%, while Fujairah Cement Industries was down 3.9%.
Oman: The MSM 30 Index fell marginally to close at 4,046.9. However, al the
indices ended in the green. Takaful Oman declined 9.1%, while Al Madina Inv. was
down 4.0%.
Bahrain: The BHB Index gained marginally to close at 1,579.2. The Industrial index
rose 0.8%, while the Investment index gained 0.1%. Seef Properties rose 1.2%,
while Aluminum Bahrain was up 0.8%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Qatar Islamic Insurance Company 7.84 1.8 52.7 13.6
Doha Insurance Group 2.02 1.1 57.2 45.2
INMA Holding 5.17 0.9 611.6 1.0
Zad Holding Company 15.75 0.8 0.7 16.2
Barwa Real Estate Company 3.10 0.8 3,742.4 (9.0)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Salam International Inv. Ltd. 0.99 (0.7) 16,528.1 52.1
Mazaya Qatar Real Estate Dev. 1.10 0.3 10,232.8 (13.1)
Qatar Aluminum Manufacturing Co 1.52 (0.1) 8,771.5 57.0
Investment Holding Group 1.03 0.0 6,227.4 72.0
Mesaieed Petrochemical Holding 1.90 0.0 6,215.2 (7.1)
Market Indicators 24 Jun 21 23 Jun 21 %Chg.
Value Traded (QR mn) 271.1 340.3 (20.3)
Exch. Market Cap. (QR mn) 624,773.3 625,814.9 (0.2)
Volume (mn) 110.1 116.0 (5.0)
Number of Transactions 8,431 8,596 (1.9)
Companies Traded 47 47 0.0
Market Breadth 17:28 13:33 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 21,302.74 (0.1) 0.2 6.2 18.2
All Share Index 3,417.56 (0.1) 0.3 6.8 18.9
Banks 4,511.51 (0.2) 0.7 6.2 15.7
Industrials 3,578.95 0.1 (0.8) 15.5 27.6
Transportation 3,361.84 0.3 0.0 2.0 21.6
Real Estate 1,788.35 (0.0) (2.2) (7.3) 17.0
Insurance 2,654.26 0.6 0.6 10.8 23.5
Telecoms 1,106.15 (0.8) 7.0 9.4 29.3
Consumer 8,149.02 (0.4) (1.0) 0.1 27.3
Al Rayan Islamic Index 4,546.94 (0.2) (0.9) 6.5 19.5
GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD%
Sahara Int. Petrochemical Saudi Arabia 29.25 5.6 9,150.8 68.9
Bank Dhofar Oman 0.13 2.4 558.0 29.9
Saudi Kayan Petrochem. Saudi Arabia 17.92 1.9 13,358.4 25.3
National Industrialization Saudi Arabia 19.46 1.6 6,443.9 42.3
Bank Muscat Oman 0.42 1.4 1,673.1 17.3
GCC Top Losers## Exchange Close# 1D% Vol. ‘000 YTD%
HSBC Bank Oman Oman 0.10 (2.9) 2,194.0 11.0
Abu Dhabi Islamic Bank Abu Dhabi 5.47 (2.8) 3,458.7 16.4
Jarir Marketing Co. Saudi Arabia 220.00 (2.2) 131.7 26.9
First Abu Dhabi Bank Abu Dhabi 16.26 (2.0) 24,024.1 26.0
Sohar International Bank Oman 0.10 (2.0) 139.5 6.6
Source: Bloomberg (# in Local Currency) (## GCC Top gainers/losers derived from the S&P GCC
Composite Large Mid Cap Index)
QSE Top Losers Close* 1D% Vol. ‘000 YTD%
Qatar Cinema & Film Distribution 3.78 (3.3) 0.2 (5.3)
Qatari German Co for Med. Dev. 2.48 (2.0) 622.9 10.9
Gulf International Services 1.51 (1.7) 5,917.5 (11.8)
Alijarah Holding 1.19 (1.6) 2,122.5 (4.0)
Dlala Brokerage & Inv. Holding Co 1.62 (1.6) 2,837.0 (10.0)
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Ooredoo 7.55 (0.7) 25,415.6 0.3
QNB Group 18.08 (0.1) 20,399.7 1.4
Masraf Al Rayan 4.45 (0.1) 20,034.9 (1.8)
Salam International Inv. Ltd. 0.99 (0.7) 16,398.5 52.1
Qatar Islamic Bank 17.13 0.1 15,218.3 0.1
Source: Bloomberg (* in QR)
Regional Indices Close 1D% WTD% MTD% YTD%
Exch. Val. Traded
($ mn)
Exchange Mkt.
Cap. ($ mn)
P/E** P/B**
Dividend
Yield
Qatar* 10,761.35 (0.1) 0.2 0.1 3.1 73.24 168,813.7 18.2 1.6 2.7
Dubai 2,857.07 (0.4) (0.2) 2.1 14.7 55.41 106,919.1 21.7 1.0 2.8
Abu Dhabi 6,576.05 (1.0) (1.1) 0.3 30.3 350.06 256,704.3 22.4 1.9 3.7
Saudi Arabia 10,919.68 0.2 0.6 3.5 25.7 3,727.92 2,589,663.7 36.0 2.4 1.8
Kuwait 6,459.66 (0.1) 1.0 4.0 16.5 200.28 122,892.6 41.2 1.7 2.0
Oman 4,046.88 (0.0) (0.8) 5.0 10.6 9.63 18,335.1 14.2 0.8 3.9
Bahrain 1,579.15 0.0 1.1 3.4 6.0 2.27 24,334.8 27.1 1.1 2.1
Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Market and Dubai Financial Market (** TTM; * Value traded ($ mn) do not include special trades, if any)
10,740
10,760
10,780
10,800
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 0.1% to close at 10,761.4. The Telecoms and
Consumer Goods & Services indices led the losses. The index fell on the
back of selling pressure from Arab and foreign shareholders despite
buying support from Qatari and GCC shareholders.
Qatar Cinema & Film Distribution and Qatari German Co. for Med.
Devices were the top losers, falling 3.3% and 2.0%, respectively. Among
the top gainers, Qatar Islamic Insurance Company gained 1.8%, while
Doha Insurance Group was up 1.1%.
Volume of shares traded on Thursday fell by 5.0% to 110.1mn from
116.0mn on Wednesday. Further, as compared to the 30-day moving
average of 177.0mn, volume for the day was 37.8% lower. Salam
International Inv. Ltd. and Mazaya Qatar Real Estate Dev. were the most
active stocks, contributing 15.0% and 9.3% to the total volume,
respectively.
Source: Qatar Stock Exchange (*as a % of traded value)
Global Economic Data and Earnings Calendar
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
06/24 US Department of Labor Initial Jobless Claims 19-Jun 411k 380k 418k
06/24 US Department of Labor Continuing Claims 12-Jun 3,390k 3,460k 3,534k
06/25 EU European Central Bank M3 Money Supply YoY May 8.4% 8.5% 9.2%
06/25 Germany GfK AG GfK Consumer Confidence Jul -0.3 -4.0 -6.9
06/24 Japan Bank of Japan PPI Services YoY May 1.5% 1.5% 1.1%
06/25 Japan Statistics Bureau of Japan Tokyo CPI YoY Jun 0.0% -0.3% -0.4%
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 1Q2021 results No. of days remaining Status
QFLS Qatar Fuel Company 11-Jul-21 14 Due
DHBK Doha Bank 27-Jul-21 30 Due
Source: QSE
News
Qatar
MCCS said to mull $2.4bn sale of IT services firm Inetum –
Mannai Corporation (MCCS) is considering a sale of French
information technology services provider Inetum SA, which
could fetch about 2bn Euros ($2.4bn), people familiar with the
matter said. The Qatari trading company is working with
advisers to help gauge interest in Inetum, the people said,
asking not to be identified discussing confidential information.
The company could attract private equity firms as well as other
technology companies, the people said. (Bloomberg)
QNCD gets QR281.4mn MME contract – Qatar National
Cement Company (QNCD) has bagged a contract worth
QR281.4mn from the Ministry of Municipality and Environment
(MME) to treat and recycle waste and dispose it in the kilns of
Umm Bab cement factories. In a communique to the Qatar
Stock Exchange, QNCD said it was notified by the Ministry of
Municipality and Environment of awarding the tender. The board
of directors’ plan for 2021 had mentioned the measures to follow
up the implementation of the waste burning project with the
Ministry of Municipality and Environment, aiming to start
operating the project as soon as possible. (QSE, Gulf-
Times.com)
CRA committee imposes QR3.5mn sanction on ORDS – The
Financial Sanctions Committee (FSC) at the Communications
Regulatory Authority (CRA) has imposed a QR3.5mn financial
sanction on Ooredoo Qatar (ORDS) for violating instructions
issued by the authority. The CRA informed this through a press
statement on Saturday. The authority published on its website
on Saturday Decision No 1 of 2021 and Decision No 4 of 2021
of the FSC. Under Decision No 1 of 2021, the FSC imposed on
Ooredoo Qatar a "financial sanction for a total amount of
QR2mn. The sanction results from Ooredoo’s non-compliance
with the rules applicable to access and interconnection between
licensed service providers, and more specifically to Ooredoo
Qatar’s refusal to grant access to its international gateway
facilities at Al Khessa Cable Landing Station and Ooredoo Data
Centre 5". Under Decision No 4 of 2021, the FSC imposed on
Ooredoo Qatar a "financial sanction for a total amount of
QR1.5mn. The sanction relates to Ooredoo’s non-compliance
with its obligations to file with CRA and get CRA's prior approval
for tariffs for fixed telecom services and, therefore, for violating
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 37.04% 40.54% (9,484,615.2)
Qatari Institutions 25.59% 19.82% 15,646,067.4
Qatari 62.62% 60.35% 6,161,452.2
GCC Individuals 0.27% 0.39% (307,676.8)
GCC Institutions 5.37% 1.51% 10,463,670.1
GCC 5.64% 1.90% 10,155,993.3
Arab Individuals 10.53% 11.43% (2,458,245.9)
Arab Institutions 0.00% 0.00% –
Arab 10.53% 11.43% (2,458,245.9)
Foreigners Individuals 2.95% 3.18% (634,638.5)
Foreigners Institutions 18.26% 23.14% (13,224,561.1)
Foreigners 21.21% 26.32% (13,859,199.6)
3. Page 3 of 8
CRA’s instructions pertaining to customer protection and for
violating the instructions pertaining to anti-competitive
practices". “Namely, Ooredoo’s lack of compliance prevents
controlling the legality of Ooredoo’s offers on the fixed telecom
market and prevents customers to be informed of offers existing
in the market. Ultimately, Ooredoo’s behavior misleads
customers and prevents them from benefiting from the best
prices,” CRA said in the statement. (Gulf-Times.com)
Indosat Ooredoo's launch of 5G services in Indonesia to
provide super-fast connectivity – Ooredoo's Indonesian
operating company, PT Indosat has launched its first
commercial 5G services in the city of Solo, in Central Java. The
new 5G services will provide Indosat Ooredoo’s consumer and
business customers with access to enhanced mobile broadband
Internet, enabling them to unlock new opportunities, and help to
meet growing demand in Indonesia for digital content and
services over mobile networks. The commercial launch of 5G
services was held at an event in Solo attended by leading
dignitaries, including Qatar's Ambassador to Indonesia, Fawziya
Edrees Salman al-Sulaiti; Indosat Ooredoo's Chief Executive
Ahmad Al-Neama; Minister of Communication and Information
Technology, Indonesia, Johnny G Plate; and Mayor of Surakarta
Municipality, Gibran Rakabuming Raka. Indosat Ooredoo' 5G
services will be initially available in Solo, with plans to extend
the commercial rollout to other major cities in Indonesia,
including Jakarta, Surabaya, and Makassar, where demand for
data services is high. The launch of commercial 5G services in
Indonesia furthers Ooredoo Group's mission to enrich people’s
digital lives by providing super-fast connectivity and outstanding
digital services. (Gulf-Times.com)
Qatar Airways’ Doha-Milan service launches new Boeing
787-9 Dreamliner – Qatar Airways launched its new Boeing
787-9 Dreamliner passenger aircraft, featuring its eagerly
awaited new Business Class Suite, on several key routes to
Europe and Asia, starting with its Doha to Milan service on June
25, 2021. The ultramodern aircraft is scheduled for services
from Doha to Athens, Barcelona, Dammam, Karachi, Kuala
Lumpur, Madrid, and Milan and has 311 seats - 30 Business
Class Suites and 281 seats in Economy Class. Crafted with the
unique Qatar Airways design DNA and appealing to the most
discerning of travelers, the new Adient Ascent Business Class
Suite embodies a contemporary design that is truly personal,
spacious, and functional, allowing you to relax in your private
sanctuary. (Peninsula Qatar)
TotalEnergies, Qatar Petroleum win 2 blocks in Suriname –
TotalEnergies and its partner Qatar Petroleum have been
awarded Block 6 and Block 8 in Suriname. TotalEnergies will
operate the blocks, situated in shallow water and adjacent to the
company’s Block 58, where several discoveries have been
made since January 2020, it said in a statement. A 3D seismic
acquisition campaign will be carried out on the 2 licenses to
confirm their potential. TotalEnergies will hold a 40% working
interest in the blocks; Qatar Petroleum will have 20% and state-
owned Staatsolie, 40%. (Bloomberg)
Qatar tax agency extends deadline to submit 2020 master,
local file for entities – The Qatari Public Revenues and Tax
Department June 17 issued Decision No. 8/2021, extending the
deadline to Sept. 30 from June 30 for entities to submit their
master file and local file to the tax authority for tax year 2020.
(Bloomberg)
Kahramaa installs fastest electric car charger in Qatar at
Katara – Qatar General Electricity & Water Corporation
(Kahramaa), through the National Program for Conservation &
Energy Efficiency (Tarsheed) has unveiled the 19th charging
station for electric vehicles, located at Katara - the Cultural
Village, Qatar News Agency reports. It is also the fastest such
charger in Qatar, the corporation said in a press statement on
Saturday. "We are glad for this co-operation between Kahramaa
and Katara. This is the 19th station we have installed, which is
the fastest charger for electric vehicles in the State of Qatar with
a capacity of 180KW and with a direct current system that has
the ability to fully charge a car in less than 10 minutes,"
Kahramaa president Essa bin Hilal al-Kuwari said. This station
comes within the first phase of completing the electric vehicle
charging network infrastructure and joins other stations at
several vital locations across Qatar, he noted. (Gulf-Times.com)
Over 3mn Covid-19 vaccine doses administered in Qatar –
Qatar's National Covid-19 Vaccination Program reached another
milestone on Saturday as the Ministry of Public Health (MoPH)
said more than 3mn vaccine doses have been administered so
far. A total of 3,008,822 doses have been given in the country
until now, with 1,665,031 people receiving at least one dose and
1,343,791 people getting both doses, MoPH statistics showed.
(Gulf-Times.com)
Qatar participates in GCC Electricity & Water Cooperation
Committee meeting – The State of Qatar participated in the
30th meeting of the GCC Electricity and Water Cooperation
Committee yesterday via video conference. Qatar was
represented by the President of Qatar General Electricity and
Water Corporation (Kahramaa) HE Eng. Essa bin Hilal Al
Kuwari in the ministerial meeting, which dealt with the most
important axes related to reinforcing cooperation efforts and
coordination in the fields of electricity and water. The meeting
discussed the latest development related to the follow-up to
implementing the unified water strategy in the GCC countries,
stressing the necessity of enhancing water security and
adopting a unified approach for water. (Peninsula Qatar)
International
‘We have a deal:’ Biden okays $1.2tn infrastructure plan –
US President Joe Biden has embraced a $1.2tn bipartisan
Senate deal to renew the nation’s roads, bridges and highways
and help stimulate the economy – a major breakthrough on one
of his key domestic policy goals. “We have a deal,” he told
reporters, flanked by Democratic and Republican senators who
wrote the infrastructure proposal that followed months of White
House negotiations with lawmakers. Its $579bn in new spending
includes major investments in the nation’s power grid,
broadband Internet services, and passenger and freight rail.
However, it does not contain other key priorities for Biden and
progressive Democrats, such as new spending on home
healthcare and child care, which Biden pitched as “human
infrastructure”. The Democrats who control Congress by razor-
thin margins aim to cover those areas in another spending
package that they want to man oeuvre through the Senate
without Republican votes. “This deal means millions of good-
paying jobs and fewer burdens felt at the kitchen table ... but it
also signals to ourselves, and to the world, that American
democracy can deliver, and because of that it represents an
important step forward for our country,” Biden said later at the
White House. (Reuters)
US consumer sentiment rises as wealthy households
improve outlook – US consumer sentiment ticked up in June,
driven by an improving economic outlook among affluent
households, a survey showed. The University of Michigan’s
Consumer Sentiment Index rose to a final reading of 85.5 from
May’s final level of 82.9, though it was below June’s preliminary
reading of 86.4. That was below the median forecast of 86.5
among economists polled by Reuters. The survey’s barometer
of current economic conditions fell to 88.6 from May’s 89.4, and
also down from June’s preliminary reading of 90.6. The survey’s
gauge of consumer expectations jumped to 83.5 in June from
May’s 78.8, but down modestly from the mid-month reading of
4. Page 4 of 8
83.8. The survey’s one-year inflation expectation fell to 4.2%
from May’s final reading of 4.6%, while the survey’s five-year
inflation outlook declined to 2.8% from 3%. (Reuters)
US labor market healing; businesses boost spending as
profits rebound – Fewer Americans filed new claims for
unemployment benefits last week as the labor market steadily
recovers from the COVID-19 pandemic amid a reopening
economy, but a dearth of willing workers could hinder faster job
growth in the near term. The economy appears to be at cruising
speed more than half way through the second quarter, with
other data on Thursday showing strong growth in business
spending on equipment in May. While the goods trade deficit
widened, that was because of an increase in imports as
businesses desperately try to keep up with robust demand.
Retailers' warehouses are almost bare. Initial claims for state
unemployment benefits fell 7,000 to a seasonally adjusted
411,000 for the week ended June 19, the Labor Department
said. Data for the prior week was revised to show 6,000 more
applications received than previously reported. The first
increase since late April was blamed by economists on volatility
in the aftermath of the May 31 Memorial Day holiday.
Economists polled by Reuters had forecast 380,000 applications
for the latest week. There was a surge in claims in Pennsylvania
last week. The state upgraded its filing system this month and
the transition could have caused a backlog. There were sizeable
declines in California, Florida and Illinois. Claims have dropped
from a record 6.149 million in early April 2020, but are still above
the 200,000-250,000 range that is viewed as consistent with a
healthy labor market. Despite last week's modest decline,
layoffs are trending lower, with companies scrambling to fill a
record 9.8mn job openings. (Reuters)
BoE sees inflation breaking 3% but keeps the stimulus taps
open – The Bank of England said inflation would surpass 3% as
Britain's locked-down economy reopens, but the climb further
above its 2% target would only be "temporary" and most
policymakers favored keeping stimulus at full throttle. Sterling
fell as the BoE's nine monetary policymakers voted 8-1 again to
keep their government bond-buying program at 875bn Pounds
($1.22tn). Some investors had bet there would be greater
dissent. That would have been a signal that the BoE was
speeding up its thinking about unwinding the huge stimulus that
has helped steer the world's fifth-biggest economy through the
COVID-19 crisis. But even as the BoE raised its short-term
growth forecasts, only Chief Economist Andy Haldane, who
leaves the BoE this month, voted to scale back the bond-buying
plan by 50 billion pounds, his second consecutive vote of
dissent. With Britain about to start phasing out its state-funded
jobs safety-net, COVID-19 cases on the rise again and Brexit
tensions still bubbling with the European Union, the central bank
emphasized it saw no need to cut its support now. Most
Monetary Policy Committee (MPC) members felt they should
"lean strongly against downside risks to the outlook and ensure
that the recovery was not undermined by a premature tightening
in monetary conditions", the BoE said. (Reuters)
BoE's Haldane: UK inflation pressure could keep on
building in 2022 – Bank of England Chief Economist Andy
Haldane said the central bank’s new forecast that inflation will
breach 3% could prove too low and price pressure could
accelerate not only this year but in 2022 as well. Haldane, who
cast the lone vote in favor of for scaling back the BoE’s bond-
buying program at his last monetary policy meeting this week,
told MoneyWeek magazine that he disagreed with his
colleagues about when inflation would start to ease. “I am of the
view that it could stick around for a bit longer and... therefore we
could be in for a breach of our 2% inflation target for a
somewhat lengthier period than we are currently factoring in,” he
said. Britain’s consumer price inflation hit 2.1% in May, adding
to worries about a global pickup in inflation that could force
central banks to reverse their emergency coronavirus stimulus
programs earlier than previously thought. The BoE said on
Thursday that its policymakers now expected British inflation to
peak above 3%, up from a previous estimate of 2.5% but most
of them thought the acceleration would be temporary and their
stimulus remained necessary for now. Haldane, who leaves the
BoE later this month, told MoneyWeek in a podcast interview
that as well as a wide range of input costs for companies, wages
were also rising. “Next year could see price pressures building
not abating,” he said. (Reuters)
CBI: UK retail sales jump in June, stocks dwindle – British
retailers reported a jump in sales in June as the country's fast
vaccination program encouraged shoppers to go out and spend,
the Confederation of British Industry said on Friday. The CBI's
measure of the volume of sales rose to +25 from May's +18, the
highest since August 2018, while sales were reported as above
seasonal norms - which excludes the effect of last year's
lockdown - were the highest in over four years. "This was the
latest sign that the success of the vaccination program is
feeding through to stronger consumer confidence," CBI
economist Ben Jones said. The CBI survey also showed stock
levels in relation to expected sales sank to their lowest since
records began in August 1983 and no improvement was
expected next month. The Bank of England is keeping a close
eye on whether bottlenecks in supply caused by the pandemic
lead to longer-term inflation pressures. (Reuters)
GfK: German consumer morale rises more than expected
heading into July – German consumer sentiment improved
more than expected heading into July as shoppers became
more optimistic and willing to buy after Europe's biggest
economy lifted lockdown measures as coronavirus cases fell
sharply, a survey showed on Friday. The GfK institute said its
consumer sentiment index, based on a survey of around 2,000
Germans, rose to -0.3 points, its highest level since August last
year and higher than a revised reading of -6.9 points in the
previous month. The reading beat a Reuters forecast for a
smaller rise to -4.0 points. Consumers were far more optimistic
regarding their personal income situation as well as overall
economic development. Shoppers' expectations for the
economy hit the highest level in ten years, reaching 58.4 points.
Germans' propensity to buy, however, rose only moderately.
"Despite the opening or withdrawal of restrictions, a number of
industries - especially in the services sector - are still severely
restricted," GfK consumer expert Rolf Buerkl said in a
statement. "This makes a noticeable recovery in private
consumption in the second half of 2021 more likely," Buerkl
said. (Reuters)
Tokyo June core CPI unchanged from previous year – Core
consumer prices in Tokyo were unchanged in June from a year
earlier, government data showed on Friday. The core consumer
price index for Japan’s capital, which includes oil products but
excludes fresh food prices, compared with economists’ median
estimate for a 0.1% annual fall. (Reuters)
S&P affirms China ratings, says China to maintain robust
GDP growth – S&P Global Ratings said on Friday that it
affirmed China’s ratings at A+/A-1 with a stable outlook, saying
the country was likely to maintain above-average economic
growth relative to other middle-income economies in the next
few years. "This is in part due to its effective containment of the
COVID-19 pandemic and rapid vaccine rollout," S&P said in a
note on Friday. "We expect real GDP growth to come in at 8.3%
this year, before moderating to about 5% from 2022-2024," it
added bit.ly/3qq7Kx8. (Reuters)
5. Page 5 of 8
Brazil tax reform bill proposes tax cuts for individuals,
companies – Brazil's government on Friday unveiled the
second phase of its wider tax reform bill, in which it aims to
reduce income tax for up to 30 million workers, cut corporate
profit tax, and increase levies on financial market gains and
activity. Brazil's tax system is widely seen as one of the most
complex in the world, and the government insists that simplifying
it and reducing the overall tax burden is crucial to fostering
sustainable, long-term investment and economic growth. "Thirty
million salaried workers in Brazil will pay less income tax
because, for the first time, we are taxing capital gains,"
Economy Minister Paulo Guedes told reporters after delivering
the proposals to the leader of the lower house of Congress,
Arthur Lira. "This is only the start. This shows a new direction. If
taxes have been rising for the last 40 years, they will start falling
now," Guedes said, adding that the number of individuals
exempt from paying any income tax will double to 16mn. Lira
also stressed that the overall tax burden will not be raised, and
said he is confident Congress will approve the tax reform bill this
year. Guedes said income tax cuts for individuals will be funded
by increases in capital gains taxes. Revenue Service officials
said in an online presentation that the income tax changes will
be broadly revenue-neutral, with revenue rising by less than 2bn
Reais ($405mn) over the next three years. (Reuters)
Brazil's current account deficit shrinks to smallest in over
13 years – Brazil’s balance of payments position with the world
improved again in May, central bank figures showed on Friday,
as the second consecutive monthly current account surplus
shrank the rolling 12-month deficit to its smallest in more than
13 years. Latin America’s largest economy also attracted a
combined $7.2bn of foreign direct investment and portfolio
inflows into its domestic stock and bond markets in the month,
the figures showed. The narrowing current account deficit and
consistent capital inflows recently have helped propel a rapid
rise in the exchange rate, with the dollar now trading below 5.00
Reais for the first time in a year. Central bank figures show that
Brazil posted a $3.8bn current account surplus in May, slightly
less than the $4bn median forecast in a Reuters poll of
economists. That was largely thanks to a goods trade surplus of
$8.1bn in the month. Exports jumped 54.4% from the same
month last year to a record $27.2bn, outstripping a 31.9%
increase in imports. In the 12 months to May, the current
account deficit totaled $8.4bn, or 0.55% of GDP, which was the
smallest since February 2008. The deficit a year earlier stood at
almost 4% of GDP. On Thursday, the central bank raised its
2021 current account surplus forecast slightly to $3bn from
$2bn. That would be the country’s first annual surplus since
2007. (Reuters)
Brazil's National Monetary Council sets 2024 inflation target
at 3.00% – Brazil’s National Monetary Council (CMN) on
Thursday set the central bank’s 2024 inflation target at 3.00%,
another decline from preceding years’ goals, highlighting
policymakers’ determination to keep inflation under control. The
CMN is Brazil’s highest economic policy body, comprised of
Economy Minister Paulo Guedes, central bank chief Roberto
Campos Neto and special secretary to the Economy Ministry
Bruno Funchal. The Economy Ministry said the 3.00% target for
2024, with a tolerance margin of 1.5 percentage points on either
side, will reduce uncertainty and allow households, companies
and the government to plan better for the future. “The 0.25
percentage point reduction from the 2023 target is consistent
with the high credibility of monetary policy,” the Economy
Ministry said in a statement, adding that inflation expectations
have fallen “substantially” in line with the annual targets. This
year’s goal was maintained at 3.75%, next year’s at 3.50% and
the following years’ at 3.25%. The Economy Ministry statement
said these goals are credible. Annual inflation in Brazil is
running above 8%. The market consensus according to a
weekly central bank survey of around 100 economists is that it
will end this year at 5.8%, above the upper limit of the central
bank’s target range. (Reuters)
Regional
India again urges OPEC to phase out oil output cuts – Indian
Oil Minister, Dharmendra Pradhan on Thursday again urged the
OPEC to phase out crude output cuts as high prices are stoking
inflation. India, the world's third biggest oil importer and
consumer, relies on overseas supplies for over 80% of its oil
needs. Indian retail fuel prices have jumped to a record high due
to higher oil prices and heavy local taxes. After a virtual meeting
with OPEC Secretary General, Mohammad Sanusi Barkindo,
Pradhan said oil prices should remain within a reasonable band
to encourage a consumption-led recovery from the coronavirus
pandemic. Earlier this year New Delhi repeatedly blamed oil
output cuts by Saudi Arabia and other major producers for
driving up crude prices as its economy tries to recover from the
pandemic. (Reuters)
Fitch affirms Saudi Investment Bank's rating at 'BBB+' –
Fitch Ratings has affirmed the long-term issuer default rating
(IDR) of the Saudi Investment Bank (SAIB) at 'BBB+', with a
‘Negative’ outlook. The rating was backed by potential sovereign
support. Fitch also placed a national long-term rating of 'AA-
(sau)' to the Saudi financial institution, with a ‘Stable’ outlook,
according to a press release. The viability rating (VR) of the
bank reflected “the bank's modest franchise, weaker asset-
quality metrics than peers', high asset-and- liability
concentrations, and an adequate but less stable funding profile
than that of peers,” according to the rating agency. SAIB’s
profitability improved last year, with operating profit-to-risk
weighted assets (RWA) at 1.54%, compared to 0.44% in 2019.
Net income in 2020 was more in line with the level of other
banks in the Kingdom, with return on average equity (ROAE) at
8.1% and return on average assets (ROAA) at 1%. (Zawya)
Saudi PIF names ex-Samba CEO Nashar as head of
compliance and governance – The Public Investment Fund
(PIF), Saudi Arabia's $430bn sovereign wealth fund, has
appointed Rania Nashar, a former Chief Executive of Samba
Financial Group, as its head of compliance and governance, the
fund said on Thursday. Nashar joined the PIF as a senior
advisor to its governor Yasir al-Rumayyan in January this year,
drawing on more than two decades of banking industry
experience. PIF said this month it had established two Deputy
Governor roles to support the fund's continued growth and
expansion. (Reuters)
Saudi Arabia considers developing industrial zone in Oman
– Saudi Arabia is considering developing an industrial zone in
Oman and the two Gulf states have discussed the possibility in
investment talks, the Saudi state news agency SPA reported.
Saudi and Omani officials met earlier in the month to discuss
investment opportunities and discussions this week were around
"prospects for cooperation and integration opportunities in the
special economic zones in the kingdom and the sultanate," SPA
said on Wednesday. Saudi Arabia is in the midst of an ambitious
economic development plan - Vision 2030 - to wean the
economy off oil, while Oman recently introduced a medium-term
plan to rein in its debt that has grown at breakneck pace in
recent years. Both are keen to attract foreign investment as part
of their reform efforts. "The meeting also discussed studying the
possibility of establishing a Saudi industrial zone in Oman,
where the Saudi side would develop, operate and manage the
zone, and build logistical routes to transport goods between
Saudi and Omani special economic zones," SPA said. (Reuters)
6. Page 6 of 8
Saudi's April oil exports more than double YoY to $13.8bn –
The value of Saudi Arabia's oil exports in April climbed 109% to
SR51.7bn from a year earlier while non-oil exports rose by
46.3%, official data showed on Thursday. Oil exports made up
72.5% of total exports, up from 64.8% in April 2020 and 70% in
March. Non-oil exports rose to SR19.6bn from SR13.4bn but
slipped from SR22.5bn in March, the data from the General
Authority for Statistics showed. (Reuters)
Saudi PIF-owned SRC cuts home mortgage rates by 10bps
– Mortgage refinance company, Saudi Real Estate Refinance
Company (SRC) has lowered profit rates for its long-term fixed-
rate (LTFR) home financing products by 10 basis points on
average across tenor. The company, wholly-owned by the Saudi
wealth fund, Public Investment Fund (PIF), buys home financing
portfolio from local banks and non-bank lenders, and currently
has a portfolio of SR6.5bn as at the end of 2020, up from
SR2.2bn in 2019. Earlier this year, SRC issued its largest ever
government-backed Sukuk worth SR4bn. It said the rate
reduction makes LTFR even more accessible and affordable for
Saudi citizens through SRC’s partners that include banks and
non-bank lenders operating in the Kingdom. (Zawya)
India's Mukesh Ambani expects to seal Saudi Aramco deal
as Al Rumayyan joins RIL board – Chairman of Saudi Aramco
and Governor of the Kingdom's wealth fund, PIF, Yasir Othmann
Al Rumayyan has been inducted into the board of Indian
conglomerate Reliance Industries (RIL), triggering hopes that
the Aramco-RIL deal could be sealed this year. At the Reliance
Annual General Meeting (AGM) on Thursday, Chairman Mukesh
Ambani said that Al Rumayyan will join the board of RIL as an
Independent Director. RIL's AGM is a keenly watched event by
investors considering that the company is one of India's the top
three firms by market capitalization. "Delighted To Welcome
Saudi Aramco Chairman on Reliance Industries Board," Mukesh
Ambani said at the 44th Annual General Meeting of Reliance
Industries. During the RIL AGM in 2019, Ambani announced
talks for the sale of a 20% stake in the oil-to-chemicals (O2C)
business which comprises its twin oil refineries at Jamnagar in
Gujarat and petrochemical assets to Aramco. However, the deal
did not go through after demand and prices crashed in 2020 due
to the pandemic. O2C is a very important business for the Indian
conglomerate, and it contributed about 60% of RIL's revenue in
the year-ended March. (Zawya)
Saudi Arabia's Bank AlJazira to raise $500mn via Islamic
bond sale – Bank AlJazira is expected to raise $500mn on
Thursday via an Islamic bond sale, a document showed on
Thursday. The bond or Sukuk will price in the range of 3.95% to
4.05%, tighter than initial guidance of between 4.25% and
4.375% after the deal attracted more than $1bn in orders, the
document from one of the banks on the deal showed. Alinma
Investment Company, Aljazira Capital and JPMorgan are
arranging the deal, which is expected to launch later on
Thursday, the document, which was reviewed by Reuters,
showed. The deal is for Additional Tier 1 bonds, the riskiest debt
instruments banks can issue, which are designed to be
perpetual in nature but issuers can redeem or "call" them after a
specified period. AlJazira's Sukuk will be non-callable for five
years. (Reuters)
Saudi bourse's 2020 net profit surged ahead of listing –
Saudi Tadawul Group, the owner and operator of the country's
stock market, said its net profit rose 227% in 2020 from a year
earlier, while revenue more than doubled with a boost from
trading commissions. It posted a profit after zakat or Islamic tax
of SR500.5mn, it said. Unlisted Tadawul gave a peak of its
earnings ahead of a planned initial public offering later this year
that will allow it to expand and strengthen its position globally.
Saudi Arabia's stock exchange has converted itself into a
holding company ahead of the listing. (Reuters)
UAE may become first major oil exporter to target net zero
by 2050 – The UAE is considering a 2050 target to align with a
global push to keep temperatures from rising more than 1.5
degrees Celsius from pre-industrial levels, Bloomberg reported
citing people familiar with the matter. If the discussions succeed,
the UAE could become the first among OPEC countries to
technically reach net zero while continuing with plans to invest
billions in oil extraction. This move would please Western
countries pushing for stronger climate commitments but will not
require it to sell less oil. The net-zero charge is being led by
Sultan Ahmed Al Jaber, the UAE’s special envoy for climate
change and its minister of industry and advanced technology.
We are “certainly working on a whole-of-government approach
to see at what point it would be feasible to achieve net zero,”
Hana AlHashimi, who heads Al Jaber’s office, said on a call
hosted by the US-UAE Business Council on Wednesday,
according to Bloomberg. “I’d encourage you to stay tuned,” she
said. The country aims to make an announcement before the
UN climate summit in Glasgow in November, the sources said.
(Zawya)
IHC’s subsidiary Alpha Dhabi Holding to list on ADX with
AED10bn paid-in capital – International Holding Company
(IHC) subsidiary, Alpha Dhabi Holding, one of the fast-growing
investments holding companies in the Middle East, announces
its intention to proceed with an initial public offering (IPO) and
listing of its ordinary shares on the Abu Dhabi Securities
Exchange (ADX) on Sunday June 27with AED10bn paid-in
capital. The offering is expected to comprise a sale of existing
Shares to individuals and other investors in the UAE (as part of
the UAE retail offering) and to qualified institutional and other
investors (as part of the qualified investor offering). Mohamed
Thani Murshed Al Rumaithi, Chairman of Alpha Dhabi Holding,
said, "We have made the journey to become a public company
in a way that’s going have a positive reflection on our growth
plan, and as a public company we will have a stronger capital
structure to invest in additional verticals, expand commercially
and accelerate growth both organically and through
acquisitions". (Zawya)
Fitch affirms Abu Dhabi's Mamoura at 'AA'; with a Stable
outlook – Fitch Ratings has affirmed Mamoura Diversified
Global Holding (MDGH) Long-Term Local and Foreign-Currency
Issuer Default Ratings (IDR) at 'AA'. The Outlooks on the Long-
Term IDRs are Stable. The ratings on MDGH - GMTN B.V.'s
and MDGH GMTN (RSC) LTD's GMTN programs have been
affirmed at 'AA'. MDGH - GMTN B.V. and MDGH GMTN (RSC)
LTD are wholly owned subsidiaries of MDGH and their
obligations are unconditionally and irrevocably guaranteed by
the parent. A full list of ratings is provided below. Fitch views
MDGH as a government-related entity (GRE) of Abu Dhabi
(AA/Stable) and equalises its ratings with those of the
sovereign, irrespective of its Standalone Credit Profile (SCP).
This reflects a score of 55 points under our GRE Rating Criteria.
Under our GRE Criteria, we assess four key rating factors -
status, ownership and control, and support track record - which
determine the strength of linkage between MDGH and the
government of Abu Dhabi. We also assess the incentive to
support, which covers the socio-political and financial
implications of a GRE's default. Status, Ownership &
Control: 'Very Strong' MDGH is part of the Mubadala Investment
Company (Mubadala) group, established in 2017. MDGH is
ultimately 100%-owned by the Emirate of Abu Dhabi via
Mubadala. MDGH has strong linkages to Mubadala. Mubadala
has a number of key government officials on its board including
the Crown Prince of Abu Dhabi and the Deputy Prime Minister
7. Page 7 of 8
and Minister of Presidential Affairs of the UAE. All important
strategic decisions by Mubadala are taken with the full
knowledge and approval of the senior members of the Abu
Dhabi government. (Bloomberg)
Mubadala-backed Catalyst Partners ready to raise more
funds, says CEO – Mubadala-backed fund Abu Dhabi Catalyst
Partners is ready to raise more capital after investing close to
$1bn over the last 18 months, its Chief Executive said. The fund
was set up by Abu Dhabi state fund Mubadala and US
alternative asset manager Falcon Edge Capital in 2019 with
$1bn in capital. CEO, James Munce told Reuters Catalyst
Partners had so far made 21 investments with an average ticket
size of $50mn, with some deals investing up to $100mn. "The
plan is to go again. I think we have gone faster than expected,"
Munce said in reference to adding more capital. No decision had
been made on when or how much more capital would be
committed, he said. "My view on it is this can grow to be another
$1bn and we have $2bn deployed over the next 18 months from
here. That will be a four year-track record of a $2bn fund and we
would start to get some relevance in the region," he said.
(Reuters)
Abu Dhabi's Mubadala sells 4.5% Oil Search stake for
$275mn – Abu Dhabi state investor Mubadala sold a 4.5%
stake in Oil Search Ltd for A$362.8mn, the oil and gas producer
said in a filing late on Thursday. Mubadala, an investor since
2008, sold 94mn shares on Tuesday, the filing showed, lowering
its stake to 4.94%, below the 5% threshold to be considered a
substantial shareholder in Australia. Mubadala, which initially
bought a 17.6% stake in 2008, declined to participate in a
A$1.16bn capital raise conducted by Oil Search in April 2020.
(Reuters)
GFH buys Fedex warehousing, logistics facility in US – GFH
Financial Group (GFH) has announced the acquisition of a US-
based warehousing and distribution logistics facility situated in
Ohio and fully leased to FedEx in a transaction valued at
$100mn. This takes the group's total logistics investments in the
North America and Europe to over $300mn, said a statement
from GFH Group. This is part of GFH’s logistics and industrial
sector investment theme, focusing on the acquisition of high-
quality logistics assets in key distribution hubs to capitalize on
the strong tailwinds from growing e-commerce penetration rates
and sales. GFH continues to scale up its global logistics
platform with its recent acquisitions of the Amazon Spain
Portfolio, the Michelin distribution facility in Chicago and the
current FedEx distribution facility transaction. This will gain
exposure to well positioned top credit tenants occupying a
variety of mission critical facilities in key locations in North
America and Europe. (Bloomberg)
8. Contacts
QNB Financial Services Co. W.L.L.
Contact Center: (+974) 4476 6666
info@qnbfs.com.qa
Doha, Qatar
Saugata Sarkar, CFA, CAIA Shahan Keushgerian Mehmet Aksoy, PhD
Head of Research Senior Research Analyst Senior Research Analyst
saugata.sarkar@qnbfs.com.qa shahan.keushgerian@qnbfs.com.qa mehmet.aksoy@qnbfs.com.qa
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services Co. W.L.L. (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (Q.P.S.C.). QNBFS is
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Page 8 of 8
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
60.0
80.0
100.0
120.0
140.0
160.0
May-17 May-18 May-19 May-20 May-21
QSE Index S&PPan Arab S&PGCC
0.2%
(0.1%) (0.1%)
0.0%
(0.0%)
(1.0%)
(0.4%)
(1.2%)
(0.6%)
0.0%
0.6%
1.2%
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 1,781.44 0.4 1.0 (6.2) MSCI World Index 3,024.94 0.4 2.4 12.4
Silver/Ounce 26.10 0.6 1.2 (1.1) DJ Industrial 34,433.84 0.7 3.4 12.5
Crude Oil (Brent)/Barrel (FM Future) 76.18 0.8 3.6 47.1 S&P 500 4,280.70 0.3 2.7 14.0
Crude Oil (WTI)/Barrel (FM Future) 74.05 1.0 3.4 52.6 NASDAQ 100 14,360.39 (0.1) 2.4 11.4
Natural Gas (Henry Hub)/MMBtu 3.40 3.0 7.6 42.3 STOXX 600 457.63 0.2 1.8 12.0
LPG Propane (Arab Gulf)/Ton 104.00 1.0 6.4 38.2 DAX 15,607.97 0.2 1.6 10.5
LPG Butane (Arab Gulf)/Ton 115.13 1.5 9.1 65.7 FTSE 100 7,136.07 0.3 2.3 12.5
Euro 1.19 0.0 0.6 (2.3) CAC 40 6,622.87 (0.0) 1.3 16.5
Yen 110.75 (0.1) 0.5 7.3 Nikkei 29,066.18 0.7 (0.2) (1.3)
GBP 1.39 (0.3) 0.5 1.5 MSCI EM 1,379.59 0.9 1.3 6.8
CHF 1.09 0.1 0.7 (3.5) SHANGHAI SE Composite 3,607.56 1.4 2.3 5.0
AUD 0.76 0.1 1.5 (1.4) HANG SENG 29,288.22 1.4 1.7 7.4
USD Index 91.85 0.0 (0.4) 2.1 BSE SENSEX 52,925.04 0.5 1.1 9.2
RUB 72.22 (0.1) (0.8) (2.9) Bovespa 127,255.60 (2.3) 1.9 11.9
BRL 0.20 (0.4) 3.2 5.3 RTS 1,672.08 0.4 1.5 20.5
143.1
136.5
106.4