The document summarizes stock market activity in Qatar and other GCC countries on March 8, 2021. The QE Index in Qatar rose 0.5% led by gains in the Industrials and Insurance indices. Zad Holding and Investment Holding Group were the top gainers in Qatar, while Ahli Bank fell the most. Elsewhere in the GCC, stock markets in Saudi Arabia and Oman rose while markets in Dubai and Abu Dhabi fell. The document also provides company earnings results and upcoming earnings dates.
The QE Index declined 0.4% to close at 10,794.3. Losses were led by the Industrials and Banks & Financial Services indices, falling 0.7% and 0.5%, respectively.
QNBFS Daily Market Report February 21, 2022QNB Group
The QE Index declined 0.5% to close at 12,668.1. Losses were led by the Consumer Goods & Services and Banks & Financial Services indices, falling 0.9% and 0.7%, respectively.
The QE Index rose 0.8% to close at 13,632.0. Gains were led by the Real Estate and Banks & Financial Services indices, gaining 1.6% and 1.3%, respectively.
The QE Index declined 0.4% to close at 10,794.3. Losses were led by the Industrials and Banks & Financial Services indices, falling 0.7% and 0.5%, respectively.
QNBFS Daily Market Report February 21, 2022QNB Group
The QE Index declined 0.5% to close at 12,668.1. Losses were led by the Consumer Goods & Services and Banks & Financial Services indices, falling 0.9% and 0.7%, respectively.
The QE Index rose 0.8% to close at 13,632.0. Gains were led by the Real Estate and Banks & Financial Services indices, gaining 1.6% and 1.3%, 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 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.
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.
The QE Index rose 0.4% to close at 10,401.4. Gains were led by the Banks & Financial Services and Insurance indices, gaining 1.1% and 0.5%, respectively.
QNBFS Daily Market Report August 12, 2021QNB Group
The QE Index rose marginally to close at 10,916.1. Gains were led by the Insurance and Consumer Goods & Services indices, gaining 0.8% and 0.5%, respectively.
QNBFS Daily Market Report August 13, 2017QNB Group
The QSE Index declined 0.7% to close at 9,242.8. Losses were led by the Banks & Financial Services and Industrials indices, falling 0.9% and 0.4%, respectively.
The QE Index rose 1.5% to close at 10,920.7. Gains were led by the Industrials and Consumer Goods & Services indices, gaining 2.7% and 1.8%, respectively.
QNBFS Daily Market Report January 23, 2022QNB Group
The QE Index declined 0.8% to close at 12,512.0. Losses were led by the Banks & Financial Services and Insurance indices, falling 1.2% and 0.9%, respectively
QNBFS Daily Market Report January 13, 2021QNB Group
The QE Index declined marginally to close at 10,838.7. Losses were led by the Banks & Financial Services and Industrials indices, falling 0.3% and 0.2%, respectively.
QNBFS Daily Market Report October 22, 2020QNB Group
The QE Index declined 0.5% to close at 9,965.0. Losses were led by the Consumer Goods & Services and Industrials indices, falling 1.4% and 0.9%, 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 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.
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.
The QE Index rose 0.4% to close at 10,401.4. Gains were led by the Banks & Financial Services and Insurance indices, gaining 1.1% and 0.5%, respectively.
QNBFS Daily Market Report August 12, 2021QNB Group
The QE Index rose marginally to close at 10,916.1. Gains were led by the Insurance and Consumer Goods & Services indices, gaining 0.8% and 0.5%, respectively.
QNBFS Daily Market Report August 13, 2017QNB Group
The QSE Index declined 0.7% to close at 9,242.8. Losses were led by the Banks & Financial Services and Industrials indices, falling 0.9% and 0.4%, respectively.
The QE Index rose 1.5% to close at 10,920.7. Gains were led by the Industrials and Consumer Goods & Services indices, gaining 2.7% and 1.8%, respectively.
QNBFS Daily Market Report January 23, 2022QNB Group
The QE Index declined 0.8% to close at 12,512.0. Losses were led by the Banks & Financial Services and Insurance indices, falling 1.2% and 0.9%, respectively
QNBFS Daily Market Report January 13, 2021QNB Group
The QE Index declined marginally to close at 10,838.7. Losses were led by the Banks & Financial Services and Industrials indices, falling 0.3% and 0.2%, respectively.
QNBFS Daily Market Report October 22, 2020QNB Group
The QE Index declined 0.5% to close at 9,965.0. Losses were led by the Consumer Goods & Services and Industrials indices, falling 1.4% and 0.9%, respectively.
QNBFS Daily Market Report October 27, 2020QNB Group
The QE Index declined marginally to close at 9,807.5. Losses were led by the Industrials and Banks & Financial Services indices, falling 0.2% and 0.1%, 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 marginally to close at 13,633.0. Gains were led by the Telecoms and Consumer Goods & Services indices, gaining 0.7% 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 rose 0.2% to close at 10,240.7. Gains were led by the Insurance and Consumer Goods & Services indices, gaining 0.8% and 0.5%, respectively.
The QE Index rose 1.2% to close at 10,605.4. Gains were led by the Banks & Financial Services and Insurance indices, gaining 1.3% and 1.0%, respectively.
The QE Index rose 1.5% to close at 13,875.9. Gains were led by the Banks & Financial Services and Consumer Goods & Services indices, gaining 2.4% and 1.0%, respectively.
The QE Index rose marginally to close at 10,844.9. Gains were led by the Consumer Goods & Services and Industrials indices, gaining 0.8% 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.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
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
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USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Latino Buying Power - May 2024 Presentation for Latino CaucusDanay Escanaverino
Unlock the potential of Latino Buying Power with this in-depth SlideShare presentation. Explore how the Latino consumer market is transforming the American economy, driven by their significant buying power, entrepreneurial contributions, and growing influence across various sectors.
**Key Sections Covered:**
1. **Economic Impact:** Understand the profound economic impact of Latino consumers on the U.S. economy. Discover how their increasing purchasing power is fueling growth in key industries and contributing to national economic prosperity.
2. **Buying Power:** Dive into detailed analyses of Latino buying power, including its growth trends, key drivers, and projections for the future. Learn how this influential group’s spending habits are shaping market dynamics and creating opportunities for businesses.
3. **Entrepreneurial Contributions:** Explore the entrepreneurial spirit within the Latino community. Examine how Latino-owned businesses are thriving and contributing to job creation, innovation, and economic diversification.
4. **Workforce Statistics:** Gain insights into the role of Latino workers in the American labor market. Review statistics on employment rates, occupational distribution, and the economic contributions of Latino professionals across various industries.
5. **Media Consumption:** Understand the media consumption habits of Latino audiences. Discover their preferences for digital platforms, television, radio, and social media. Learn how these consumption patterns are influencing advertising strategies and media content.
6. **Education:** Examine the educational achievements and challenges within the Latino community. Review statistics on enrollment, graduation rates, and fields of study. Understand the implications of education on economic mobility and workforce readiness.
7. **Home Ownership:** Explore trends in Latino home ownership. Understand the factors driving home buying decisions, the challenges faced by Latino homeowners, and the impact of home ownership on community stability and economic growth.
This SlideShare provides valuable insights for marketers, business owners, policymakers, and anyone interested in the economic influence of the Latino community. By understanding the various facets of Latino buying power, you can effectively engage with this dynamic and growing market segment.
Equip yourself with the knowledge to leverage Latino buying power, tap into their entrepreneurial spirit, and connect with their unique cultural and consumer preferences. Drive your business success by embracing the economic potential of Latino consumers.
**Keywords:** Latino buying power, economic impact, entrepreneurial contributions, workforce statistics, media consumption, education, home ownership, Latino market, Hispanic buying power, Latino purchasing power.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...Amil Baba Dawood bangali
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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
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.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Card
QNBFS Daily Market Report March 09, 2021
1. Page 1 of 8
QSE Intra-Day Movement
Qatar Commentary
The QE Index rose 0.5% to close at 10,052.2. Gains were led by the Industrials and
Insurance indices, gaining 1.5% and 1.4%, respectively. Top gainers were Zad
Holding Company and Investment Holding Group, rising 10.0% and 6.1%,
respectively. Among the top losers, Ahli Bank fell 3.8%, while Dlala Brokerage &
Investment Holding Company was down 2.7%.
GCC Commentary
Saudi Arabia: The TASI Index gained 0.2% to close at 9,374.4. Gains were led by the
Software & Services and Banks indices, rising 3.5% and 1.0%, respectively. Saudi
Enaya Cooperative Ins. rose 10.0%, while The Saudi Arabian Amiantit was up 9.9%.
Dubai: The DFM Index fell 0.2% to close at 2,540.4. The Consumer Staples and Disc.
index declined 2.8%, while the Real Estate & Construction index fell 1.7%. Emirates
Refreshments declined 9.9%, while DAMAC Properties was down 3.3%.
Abu Dhabi: The ADX General Index fell 0.1% to close at 5,685.1. The Consumer
Staples index declined 2.0%, while the Insurance index declined 1.7%. Al Wathba
Nat. Ins. declined 10.0%, while Abu Dhabi National Co for Building was down 9.6%.
Kuwait: The Kuwait All Share Index gained 0.1% to close at 5,701.0. The Basic
Materials index rose 0.9%, while the Utilities index gained 0.4%. Kuwait Finance &
Investment rose 11.3%, while Fujairah Cement Industries was up 9.9%.
Oman: The MSM 30 Index gained 0.3% to close at 3,667.7. The Financial index gained
0.8%, while the other indices ended in red. Oman Arab Bank rose 6.5%, while
National Aluminium Products Co. was up 5.7%.
Bahrain: The BHB Index gained marginally to close at 1,476.8. The Industrial index
rose 1.8%, while the Insurance index gained 0.1%. Aluminium Bahrain rose 1.9%,
while Bahrain Kuwait Insurance was up 0.3%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Zad Holding Company 16.11 10.0 253.2 8.0
Investment Holding Group 0.72 6.1 122,663.5 19.9
Qatar Industrial Manufacturing Co 3.05 5.4 266.2 (5.0)
Qatar Islamic Insurance Company 7.58 3.8 123.8 9.9
Qatar National Cement Company 4.55 2.4 2,084.1 9.6
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Investment Holding Group 0.72 6.1 122,663.5 19.9
Salam International Inv. Ltd. 0.62 1.5 18,964.4 (5.1)
Baladna 1.69 (2.1) 16,641.0 (5.9)
Aamal Company 0.94 0.9 13,042.7 10.4
Qatar Aluminium Manufacturing 1.11 0.7 9,203.3 14.3
Market Indicators 08 Mar 21 04 Mar 21 %Chg.
Value Traded (QR mn) 465.2 465.8 (0.1)
Exch. Market Cap. (QR mn) 582,212.9 579,633.8 0.4
Volume (mn) 267.2 216.4 23.5
Number of Transactions 11,368 11,635 (2.3)
Companies Traded 47 46 2.2
Market Breadth 30:16 24:18 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 19,686.87 0.5 0.5 (1.9) 18.7
All Share Index 3,150.23 0.6 0.6 (1.5) 19.1
Banks 4,092.71 0.2 0.2 (3.7) 14.7
Industrials 3,243.01 1.5 1.5 4.7 35.7
Transportation 3,410.54 0.1 0.1 3.4 23.0
Real Estate 1,834.21 0.8 0.8 (4.9) 17.7
Insurance 2,410.56 1.4 1.4 0.6 92.4
Telecoms 985.20 (0.8) (0.8) (2.5) 23.0
Consumer 7,802.34 0.8 0.8 (4.2) 27.1
Al Rayan Islamic Index 4,235.54 0.6 0.6 (0.8) 19.8
GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD%
Oman Arab Bank Oman 0.16 6.5 120.2 (14.2)
National Bank of Oman Oman 0.14 2.9 140.5 (12.5)
Saudi Kayan Petrochem. Saudi Arabia 15.78 2.9 24,658.1 10.3
Emirates NBD Dubai 11.05 2.3 1,336.0 7.3
Industries Qatar Qatar 11.66 2.2 1,544.0 7.3
GCC Top Losers## Exchange Close# 1D% Vol. ‘000 YTD%
Dar Al Arkan Real Estate Saudi Arabia 9.01 (2.0) 66,361.1 4.0
Emaar Properties Dubai 3.56 (1.9) 10,249.0 0.8
Ooredoo Qatar 6.73 (1.9) 1,725.2 (10.5)
Saudi Industrial Inv. Saudi Arabia 31.25 (1.7) 1,686.9 14.1
Abu Dhabi Comm. Bank Abu Dhabi 6.12 (1.6) 4,981.9 (1.3)
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%
Ahli Bank 3.85 (3.8) 5.0 11.7
Dlala Brokerage & Inv. Holding Co 1.71 (2.7) 3,084.7 (4.6)
Baladna 1.69 (2.1) 16,641.0 (5.9)
Ooredoo 6.73 (1.9) 1,725.2 (10.5)
Al Khaleej Takaful Insurance Co. 2.60 (1.7) 540.6 37.2
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Investment Holding Group 0.72 6.1 85,414.9 19.9
QNB Group 16.75 0.4 64,733.5 (6.1)
Baladna 1.69 (2.1) 28,231.8 (5.9)
Barwa Real Estate Company 3.30 1.2 19,511.8 (3.0)
Industries Qatar 11.66 2.2 18,019.6 7.3
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* 10,052.23 0.5 0.5 (0.9) (3.7) 125.51 156,906.4 18.7 1.4 3.3
Dubai 2,540.39 (0.2) (1.1) (0.4) 1.9 41.81 95,494.8 20.8 0.9 3.8
Abu Dhabi 5,685.09 (0.1) (0.1) 0.4 12.7 253.54 217,590.5 22.7 1.5 4.3
Saudi Arabia 9,374.37 0.2 1.4 2.5 7.9 4,235.93 2,520,599.2 37.0 2.2 2.2
Kuwait 5,701.02 0.1 0.8 0.9 2.8 131.45 107,146.4 51.5 1.4 3.4
Oman 3,667.71 0.3 0.4 1.5 0.2 3.75 16,735.2 11.4 0.7 7.4
Bahrain 1,476.82 0.0 0.2 0.7 (0.9) 16.44 22,574.0 36.7 1.0 4.6
Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Market and Dubai Financial Market (** TTM; * Value traded ($ mn) do not include special trades, if any)
10,000
10,050
10,100
10,150
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 rose 0.5% to close at 10,052.2. The Industrials and
Insurance indices led the gains. The index rose on the back of buying
support from GCC, Arab and Foreign shareholders despite selling pressure
from Qatari shareholders.
Zad Holding Company and Investment Holding Group were the top
gainers, rising 10.0% and 6.1%, respectively. Among the top losers, Ahli
Bank fell 3.8%, while Dlala Brokerage & Investment Holding Company
was down 2.7%.
Volume of shares traded on Monday rose by 23.5% to 267.2mn from
216.4mn on Sunday. Further, as compared to the 30-day moving average
of 182.5mn, volume for the day was 46.4% higher. Investment Holding
Group and Salam International Investment Limited were the most active
stocks, contributing 45.9% and 7.1% to the total volume, respectively.
Source: Qatar Stock Exchange (*as a % of traded value)
Earnings Releases, Global Economic Data and Earnings Calendar
Earnings Releases
Company Market Currency
Revenue (mn)
4Q2020
% Change
YoY
Operating Profit
(mn) 4Q2020
% Change
YoY
Net Profit
(mn) 4Q2020
% Change
YoY
Maharah Human Resources Co.* Saudi Arabia SR 1,416.4 -6.3% 183.0 -35.2% 177.3 -34.8%
Orient Unb Takaful* Dubai AED 68.0 6.0% – – 6.2 454.4%
AXA Green Crescent Insurance* Abu Dhabi AED 32.6 -7.2% – – 2.2 1286.4%
Source: Company data, DFM, ADX, MSM, TASI, BHB. (*Financial for FY2020)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
03/08 EU Sentix Behavioral Indices Sentix Investor Confidence Mar 5.0 1.4 -0.2
03/08 Germany Deutsche Bundesbank Industrial Production SA MoM Jan -2.5% -0.4% 1.9%
03/08 Germany Bundesministerium fur Wirtscha Industrial Production WDA YoY Jan -3.9% -3.7% 1.0%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
Earnings Calendar
Tickers Company Name Date of reporting 4Q2020 results No. of days remaining Status
ERES Ezdan Holding Group 15-Mar-21 6 Due
IGRD Investment Holding Group 15-Mar-21 6 Due
MCCS Mannai Corporation 16-Mar-21 7 Due
BLDN Baladna 17-Mar-21 8 Due
QOIS Qatar Oman Investment Company 22-Mar-21 13 Due
MRDS Mazaya Qatar Real Estate Development 24-Mar-21 15 Due
Source: QSE
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 42.75% 38.30% 20,682,850.9
Qatari Institutions 16.60% 28.38% (54,769,440.3)
Qatari 59.35% 66.68% (34,086,589.4)
GCC Individuals 1.44% 1.90% (2,137,052.4)
GCC Institutions 2.29% 0.43% 8,650,987.7
GCC 3.73% 2.33% 6,513,935.3
Arab Individuals 12.68% 10.98% 7,881,499.9
Arab 12.68% 10.98% 7,881,499.9
Foreigners Individuals 2.80% 2.39% 1,900,472.7
Foreigners Institutions 21.44% 17.61% 17,790,681.5
Foreigners 24.24% 20.00% 19,691,154.1
3. Page 3 of 8
News
Qatar
DBIS posts net profit of QR3.4mn in 4Q2020 vs. net loss of
QR9.4mn in 4Q2019 – Dlala Brokerage and Investments Holding
Co. (DBIS) reported net profit of QR3.4mn in 4Q2020, as
compared to net loss of QR9.4mn in 4Q2019 and net profit of
QR1.3mn in 3Q2020 (+162.4% QoQ).The company's net
brokerage commission income came in at QR6.2mn in 4Q2020,
which represents an increase of 81.0% YoY. However, on QoQ
basis net brokerage commission income fell 25.1%. In FY2020,
the company has reported a net profit of QR6.9mn as compared
to a net loss of QR14.7mn in FY2019. The earnings per share
amounted to QR0.024 in FY2020 as compared to loss per share of
QR0.052 in FY2019. The board recommended to retain the
earning. (QSE)
QEWS AGM endorses items on its agenda – Qatar Electricity &
Water Company (QEWS) announced the results of the AGM. The
meeting was held on March 08, 2021 and the following resolution
were approved. (1) The board of directors report on the activities
of the company, its financial position for the year ended
December 31, 2020 and the future plans for the company. (2) The
auditor’s report for the year 2020. (3) The company’s balance
sheet and profit and loss account for the year 2020, and
distribution of cash dividends to shareholders for the year 2020
at the rate of 63% of the nominal value of each share. (4)
Corporate Governance Report for the year 2020. (5) Discharge
the members of the board of directors from their responsibilities
and approving their remuneration at 1.01% of the net profits. (6)
Reappointment of Ernst & Young as company auditors for the
financial year 2021, with fees amounting to QR395,000. (QSE)
BRES AGM endorses items on its agenda – Barwa Real Estate
Company (BRES) announced the results of the AGM. The
meeting was held on March 08, 2021 and the following resolution
were approved. (1) To review and approve the board of directors’
Report on the activities of the company and its financial position
for the financial year ending December 31, 2020 as well as to
discuss and approve the company’s future plans for the year
2021. (2) To review and approve the auditors’ report on the
financial statements of the company for the year ending
December 31, 2020. (3) To review and approve the Shari’ah
Supervisory Board report for the year ending December 31, 2020
and appoint new Shari’ah Supervisory Board for the year 2021.
(4) To discuss and approve the company’s balance sheet and
profit/loss statement for the year ending December 31, 2020. (5)
To approve the Board of Directors’ proposal of cash dividend of
QR 0.125 per share,12.5% of the share value, for the financial
year ending December 31, 2020. (6) To absolve the Board of
Directors’ members of any liability for the financial year ending
December 31, 2020 and approve their remuneration for the year
then ended. (7) To discuss and approve the company’s
Governance Report for the year ending December 31, 2020. (8) To
appoint the Auditors for the 2021 financial year and agree their
fees. (QSE)
QFLS AGM endorses items on its agenda – Qatar Fuel Company
(QFLS, WOQOD) announced the results of the AGM. The
meeting was held on March 08, 2021 and the following resolution
were approved. (1) Approval of the board of directors report on
company activities, financial standing for the year 2020, and its
future plans. (2) Approval of the External Auditors Report on
WOQOD Group financial statements for the Fiscal period ended
December 31, 2020. (3) Approval of WOQOD Group financial
statements and profit and loss account for the year 2020 ended
December 31, 2020. (4) Approval of the distribution of QR457mn
from net profits realized for the year 2020 representing QR0.46
per share to shareholders by way of dividends. (5) Approval of
the release of the Board of Directors from liability vis-à-vis
management actions, and their discharge from any liability or
responsibility in relation to the fiscal year ended December 31,
2020 and approval of their remuneration. (6) Approval of the
WOQOD Group Governance Report for the year 2020. (7)
Approval of the appointment of M/s Deloitte as an External
Auditor of WOQOD Group for the year 2021 and determining
their fees. (QSE)
ZHCD to hold its AGM and EGM on April 05 – Zad Holding
Company (ZHCD) announced that the General Assembly
Meeting AGM and EGM will be held on April 05, 2021, via video
conference at 04:30 pm. In case of not completing the legal
quorum, the second meeting will be held on April 12, 2021, via
video conference at 04:30 pm. The agenda for the AGM includes
to discuss and approve the financial report of the company for
the year ended December 31, 2020 and to approve the
recommendation of the Board of Directors to distribute
dividends of 70% cash and 10% bonus shares for the financial
year 2020, among others. (QSE)
SIIS board of directors to meet on March 14 – Salam International
Investment Limited (SIIS) has announced that its board of
directors will be holding a meeting on March 14, 2021 to discuss
the distribution of tasks among the members of the board of
directors, in addition to the appointment of the Secretary of the
Board, immediately following the General Assembly meeting of
the Company. (QSE)
DOHI changes the venue for its AGM and approves board of
directors candidates – Doha Insurance Group (DOHI) announced
that in compliance with the precautionary measures that have
been adopted to combat the spread of the Coronavirus (COVID-
19), the company has changed the venue for the Annual General
Assembly Meeting (AGM) to the Le Crillon and Al-Ghariya (1)
hall and to the Al-Ghariya (2) hall at the La Cigale Hotel at
4:30pm on March 22, 2021. In the event that a legal quorum isnot
established, a second (alternate) meeting will be convened on
March 29, 2021 at the same place and time. The QCB approved
list of DOHI’s board of directors candidates for 2021-2023. (QSE)
Reappointment of QAMC’s board of directors – In-line with
Article no. 22-1 of the company’s Articles of Association, Qatar
Aluminum Manufacturing Company’s (QAMC) board of
directors have been reappointed for a new term starting March 3,
2021 until the meeting of the company’s Annual Ordinary
General Assembly (AGM) which will be held to approve the
financial statements for the financial year ending December 31,
2023. The composition of QAMC’s Board of Directors is as follows
– (1) Abdulrahman Ahmad Al-Shaibi, Chairman (2) Ahmad
4. Page 4 of 8
Saeed Al-Amoodi, Vice Chairman (3) Nabeel Mohammed Al-
Buenain, Member (4) Mohammed Essa Al-Mannai, Member (5)
Mohammed Jaber Al-Sulaiti, Member (6) Khalid Mohammed
Laram, Member. (QSE)
DHBK to hold its AGM and EGM electronically on March 15 –
Further to the invitation of Doha Bank (DHBK) board of directors
to attend the Ordinary & Extraordinary General Assembly
meetings (AGM & EGM) which was published in the newspaper
on February 26, 2021, in compliance with the instructions of the
Ministry of Public Health to limit the spread of Coronavirus
pandemic, the Ordinary & Extraordinary General Assembly
meetings will be held via Zoom application at 04:30 pm on March
15, 2021. In case the quorum is not achieved, a second meeting
will be held on March 23, 2021 at the same time. (QSE)
DBIS announces the resignation of its CEO – Dlala Brokerage and
Investment Holding Company (DBIS) announced that Dr
AbdulAziz Ali Al Hammadi resigned from his position Chief
Executive Officer (CEO) effective March 08, 2021. (QSE)
BRES shareholders approve dividend distribution of QR0.125 per
share – Barwa Real Estate Company (BRES) held its Ordinary
General Assembly Meeting on Monday after the completion of
the quorum required for the meeting that reached 57.05%. The
Ordinary General Assembly approved the proposal of the board
of directors to distribute cash dividends at the rate of QR0.125
per share, 12.5% of the nominal value of the share with a total of
QR486.4mn. Speaking on the occasion, BRES’ Chairman, Salah
bin Ghanem Al Ali said, “The fiscal year 2020 witnessed many
challenges and difficulties due to the repercussions of the
COVID-19 pandemic, as the global economy witnessed many
negative impacts that affected most economic activities in
various countries of the world. Thanks to the wise leadership of
the country, the Qatari economy has been able to overcome
these repercussions with limited effects. The government has
adopted many supportive economic measures since the
beginning of the pandemic to support the national economy in
general and the real estate sector in particular.” (Qatar Tribune)
QEWS plans $3bn electricity, power project – Qatar Electricity
and Water Company (QEWS) has developed a future plan for the
next decade, in line with the country’s growing needs for
electricity and water and to support infrastructure projects and
2022 FIFA World Cup. The company has plans to construct a new
plant entailing $3bn investment with a capacity of 2,600 MW of
electricity and 100 Million Gallons Per Day (MIGD) of desalinated
water, said Chairman of QEWS Board of Directors, HE Saad bin
Sherida Al Kaabi addressing the Ordinary General Assembly
Meeting of the QEWS was held virtually. The meeting, chaired
by Saad bin Sherida Al Kaabi, approved the proposal of the Board
of Directors to distribute dividend to the shareholders at the rate
of 63% of the nominal value of the share (QR0.63 per share) for
the year ended on December 31, 2020. “The company is working
actively to diversify its revenue sources, operations and raise the
level of performance efficiency to preserve the natural and
environmental resources. In this framework, the company
completed Umm Al Houl Power project, which is operating at its
full electricity and water capacity,” said Saad bin Sherida Al
Kaabi. The meeting also approved the Financial Statements, the
report of the board of directors on company’s activities, the
financial position and future plan. “The company is currently
working on the expansion project, which will increase the water
production capacity of the plant by 45% to 198 MIGD and the
project is expected to be fully commissioned during the second
quarter of 2021,” he added. He added that Siraj 1 project, which
is one among the largest solar power projects in the region in
terms of size and capacity, is expected to be completed by first
half of 2022, with a capacity of 800 MW of electricity. “One of the
most prominent local projects in this context is the construction
of Ras Abu Fontas station with a capacity of 2,600 MW of
electricity and 100 MIGD of desalinated water. The project is
scheduled to be completed in the third quarter of 2024 at a cost
of approximately $3bn with an IRR of 7% to 8%,” he added. “The
company also plans to build another new plant in 2027, similar
to the Ras Abu Fontas Power Plant in terms of production
capacity and financial returns,” he added. (Peninsula Qatar)
Nebras Power moves ahead with global plans – Despite
challenging environment at global level due to outbreak of
coronavirus pandemic, Nebras Power, the foreign investment
arm of Qatar Electricity & Water Company (QEWS), is moving
ahead with its global expansion plans. Nebras Power has
expanded its investments in the Netherlands by entering into
partnerships to develop solar energy stations and works are in
progress to complete the same in 2021, according to the Annual
Report of QEWS released yesterday. In addition, Nebras Power is
in the process of increasing its stake in several projects in Jordan
and these acquisitions are expected to be completed in 1H2021.
Nebras Power has also embarked on expanding its operations in
Brazil by studying new investment opportunities. The company
has reviewed many investment opportunities and entered into
negotiations with investors around the world during the year
and these efforts are expected to add new assets to its
investment portfolio in 2021. As per the report, the company has
completed the acquisition of a 49% stake in ‘Stockyard Hills’ a
wind energy project in Australia, located in the Australian state
of Victoria. The project contains 149 wind turbines with a total
capacity of 527 MW and commercial operation of the plant is
expected to start at the beginning of the year 2021. The project
will be the largest wind energy project in the southern
hemisphere and this acquisition is an important initial step for
the company to enter the Australian energy market and invest
in wind energy projects. (Peninsula Qatar)
BRES eyes development of land stock to boost revenues in 2021
– Barwa Real Estate Company (BRES) is keen to increase
revenues via a “balanced mix of operational projects,” which
meet the needs of Qatar’s real estate market and lower risk
potential as part of plans to be achieved in 2021. This was
announced during BRES’ Ordinary General Assembly Meeting
held Monday, which was presided over by the company’s
Chairman, Salah bin Ghanem Al-Ali. Aside from Al-Ali, Barwa
Real Estate Group CEO Abdulla Jobara Al-Romaihi, the
company’s auditor, and representatives of the Ministry of
Commerce and Industry, Companies Control participated in the
meeting, which was held virtually, in compliance with the
precautionary measures issued by the government to limit the
spread of COVID-19. As the impact of the COVID 19 pandemic
continues to take its toll on the global economy during the year
2021, BRES is keen to work on various aspects during the year,
which the group considers to be the pillars of its business, the
board of directors report stated. In addition to working on master
5. Page 5 of 8
plans and feasibility studies for many new projects on the
existing lands of the group, the group owns a stock of land that
reaches an area of 7.7mn square meters, 68% of which is inside
Qatar, and the remaining 32% is in other regions around the
world. Plans for 2021 also include rationalizing operational,
administrative, and financing expenditures to achieve the
maximum possible benefit without affecting the quality of the
projects and services provided, according to the board’s report.
Similarly, the report stated that the company plans on improving
the group’s brand and raising the efficiency of the corporate
system by providing the best quality services at competitive
prices, which satisfy the aspirations of customers, in addition to
its ongoing contribution towards national and social initiatives.
(Gulf-Times.com)
Qatar tops global Internet adoption list with 99% users – Qatar
has ranked number one globally in Internet Adoption according
to ‘The Global State of Digital 2021’ report released by Hootsuite.
The report features in-depth profiles of more than 230 countries
and territories around the world. With a population of 2.91mn in
January 2021, over 99% of Qatar’s population live in urban areas,
and 2.88mn Internet users were recorded in Qatar in January
2021, an increase of 29,000 between 2020 and 2021, the report
said. Other countries with 99% Internet adoption include
Bahrain, Iceland, Kuwait, Norway, and the UAE. The Hootsuite
report also stated that Qatar has 2.87mn social media users,
equivalent to 98.8% of the total population as of January 2021.
Qatar’s mobile connections increased by 35,000 (+0.8%)
between January 2020 and January 2021, raising the connections
to 4.67mn and 160.6% of the population. The mobile connection
figures are shown to exceed the total population because many
people use several mobile connections. Over 70% of the
population use pre-paid connections, while fewer than 29% use
post-paid connections. Broadband connections ranging from 3G
to 5G covers 87% of the population. (Peninsula Qatar)
QCB in process of issuing security controls applicable to fintechs
– The Qatar Central Bank (QCB) is in the process of issuing
information security controls that will be applicable to all the
fintech segments, following the launch of the National
Information Security Standards Framework by the Ministry of
Transport and Communications in 2019. Given the gravity of
cyber risks to financial institutions and the overall financial
system, the development of a mandatory comprehensive cyber
security framework would be vital for Qatar as a fintech hub,
said a joint report of the Qatar Financial Centre Authority and
Refinitiv. During 2019, Qatar’s banks came under a barrage of
cyber-attacks in the form of phishing attempts and targeted
social engineering attacks on the banking sector increased by
50% between the first quarter and the fourth quarter of 2019,
making up over 50% of overall cyber-attacks during the year,
according to the Qatar Central Bank 2019 financial stability
report. As a result, the QCB developed practices and response
mechanisms to tackle cyber-attacks on the financial sector to
enhance financial institutions’ cyber security capabilities. The
QCB also established a dedicated Information Security
Department (ISD) in 2019, which is responsible for guiding
financial institutions towards improving information security
and maintaining a high level of cyber resilience. This function
focuses on developing six fundamental elements of cyber-
security program such as governance, threat intelligence,
security operations, security architecture, risk management and
cyber security capabilities development. (Gulf-Times.com)
QNA: Saudi’s Foreign Minister meets the Emir in Doha – Saudi
Arabia’s Foreign Minister Prince Faisal bin Farhan Al Saud held
talks with Qatar’s Emir HE Sheikh Tamim bin Hamad Al-Thani
in Doha about improving relations between the two countries,
the Qatar state news agency QNA reported. The visit to the
Qatari capital comes after Saudi Arabia and its Arab allies in
January agreed to end a bitterpolitical row with Doha and restore
ties severed since mid-2017. QNA said the prince delivered a
verbal message from Saudi King Salman bin Abdulaziz Al Saud
on enhancing bilateral ties as well as on regional and
international developments. (Reuters)
Qatar’s sports sector offers huge opportunities for firms – Qatar’s
sports sector offers huge opportunities not only because of
upcoming FIFA World Cup 2022 but many other major sport
events slated to happen after the football world cup, said a panel
of experts in a webinar. Qatar Financial Centre (QFC) in
collaboration with the Qatari-Russian Center for Cooperation
(QRCC) organized a webinar on, ‘Emerging Opportunities in
Sports: Qatar & Russia’ and ‘How to succeed in Qatari sports
market’. The event shed light of Qatar’s Sport market and
discussed opportunities on the road to 2022 and beyond. The
event introduced opportunities in the sports sector in the Qatari
market to large Russian corporations, SMEs and start-ups and
discussed about the potential collaboration with Qatar which
Russian companies can take advantage of the unique sports
environment. Aspire Zone Foundation, Business Management &
Intelligence Director, Kamel Badawy said, “Qatar is in a very
strong position in terms of sports and business. There are strong
ties between Qatar and Russia related to sports and World Cup
specifically. And these ties are rising due to strong participation
of QFC by bringing businesses to Qatar.” “Qatar is a business and
sports hub not only because of FIFA World Cup 2022 which is
just the beginning. There are a lot of sports events that are
happening, and will happen as the 2030 Asian Games are
coming. Therefore, there will be plenty of market and
opportunities beyond FIFA World Cup 2022. We at Aspire are
going towards more than 20 events for sports every year,” he
added. (Peninsula Qatar)
International
US wholesale stocks rise; inventories-to-sales ratio lowest in six
years – US wholesale inventories increased solidly in January
even as sales surged and it is taking wholesalers the shortest
time in six years to clear shelves, a sign of strengthening demand
that aligns with expectations for faster economic growth this
year. The Commerce Department said on Monday that wholesale
inventories rose 1.3% as estimated last month. Stocks at
wholesalers gained 0.6% in December. The component of
wholesale inventories that goes into the calculation of gross
domestic product also increased 1.3% in January. Inventories
rose 0.6% in January from a year earlier. Sales at wholesalers
jumped 4.9% after advancing 1.9% in December. At January’s
sales pace it would take wholesalers 1.24 months to clear
shelves. That was the shortest since November 2014 and was
down from 1.29 months in December. Domestic demand is
picking up after hitting a pothole late in the fourth quarter,
driven by declining COVID-19 infections and nearly $900 billion
6. Page 6 of 8
in additional pandemic relief from the government. Consumer
spending rebounded sharply in January after slumping in
November and December. Spending is likely to accelerate further
if Congress, as expected, approves President Joe Biden’s $1.9tn
coronavirus relief plan. The bill, which was passed by the Senate
on Saturday, will send onetime $1,400 checks to many low- and
middle-income Americans as well as extend government-funded
unemployment benefits for millions of people. Households have
accumulated $1.8tn in excess savings. (Reuters)
US consumers expect to spend more on rent and other bills, NY
Fed survey finds – US consumers said they expect to spend
substantially more on rent, gas and other essentials over the
next year, a sign some people are expecting key costs to rise as
the economy continues to heal from the crisis caused by the
coronavirus pandemic, according to a survey released Monday
by the Federal Reserve Bank of New York. Consumers said they
expect gas prices to rise by a median 9.6% over the next year, up
from 6.2% in January. It was the fifth straight month of increase
and a new high for the survey, which launched in 2013.
Similarly, rent is expected to increase by a median of 9.0% over
the next year, up from 6.4% in January. Respondents also raised
their expectations for how much food, medical care and college
will cost over the next year. A drop in coronavirus infections, the
distribution of vaccines and expectations for additional fiscal
support is raising hopes that the US economy could be poised for
a robust recovery this year. Investors expecting stronger
inflation are moving into riskier assets, leading to a rise in long-
term Treasury yields. Some investors worried about inflation
have speculated the Fed would move to lower long-term
borrowing costs by adjusting its bond-buying program. But Fed
officials signaled last week that they view the rise in long-term
yields as a sign of growing optimism about the economy and do
not expect to adjust monetary support in the near future. Fed
officials will meet again for a policy-setting meeting on March 16
and 17. The New York Fed’s survey is based on a rotating panel
of about 1,300 households. (Reuters)
Barclaycard: UK consumer spending hit again as lockdown goes
on – British consumers cut back heavily on spending as they
spent a second month in a COVID-19 lockdown in February but
confidence in the economy hit a 12-month high, payment card
firm Barclaycard said. Consumer spending was 13.8% lower than
a year before, similar to January’s plunge of around 16%,
Barclaycard said. Spending on essential items grew 5.3% and
online grocery shopping surged. But spending on non-essentials
plummeted 22.1% with many businesses still closed. After
suffering its biggest slump in three centuries last year, Britain’s
economy is expected to grow strongly once the COVID
restrictions are lifted between now and late June. Barclaycard
said a survey which it had commissioned showed consumers’
confidence in the wider economy rose by 4 percentage points to
28%, its highest point since the pandemic hit last year. Many
people were thinking about where to spend the savings they had
racked up while stuck at home. A fifth of those who had saved
more than normal said they would take a big holiday and 13%
planned treats for themselves. The survey of 2,003 people was
conducted between February 19 and February 22, before Finance
Minister Rishi Sunak announced an extension of support for
households and businesses in a new budget plan last week. The
Bank of England is watching to see how much of the big increase
in household savings is spent as it tries to gauge the likely
strength of the economy’s bounce-back. (Reuters)
Ifo: Production outlook for German industry brightens further –
The mood in the German manufacturing sector improved for the
third month in a row in February, with car companies in
particular planning to ramp up production, the Ifo economic
institute said on Monday. Ifo said its index for industrial
production expectations rose to 20.7 from 9.4 in January, driven
by a jump of the sub-index for the automotive and car supplier
industry to 35 points from -1 in the previous month. (Reuters)
Japan downgrades fourth-quarter GDP as companies scale back
spending – Japan’s economy expanded at a slower-than-
initially-reported pace in October-December, with firms
tightening spending on plant and equipment as the coronavirus
pandemic clouded their business plans. The slower growth was
mainly due to a sharper contraction in private inventories and
capital expenditure expanding less than previously thought in
the fourth quarter, even as exports remained solid. Separate data
showed household spending was hit by a much bigger annual
drop in January than in the prior month, a sign the COVID-19
pandemic was keeping consumers cautious about shopping. The
economy grew an annualized 11.7% in October-December,
weaker than the preliminary reading of 12.7% annualized
growth to mark the second straight quarter of growth, Cabinet
Office data showed. The reading, which was weaker than
economists’ median forecast for a 12.8% gain, translates into a
real QoQ expansion of 2.8% from October-December, versus a
preliminary 3.0% gain. Capital spending grew 4.3% from the
previous quarter, lower than a preliminary 4.5% rise, but
outpacing the median forecast for a 4.1% increase. Private
inventories, including raw materials and manufactured
products, subtracted 0.6 percentage point from revised gross
domestic product growth (GDP), which was more than a
negative preliminary contribution of 0.4 percentage point.
(Reuters)
Regional
Gulf countries get fiscal leeway after OPEC+ extends output cuts
– Oil-rich GCC countries, whose state coffers have been battered
by the coronavirus crisis, are set to get some fiscal respite after
OPEC and its allies last week agreed to extend most oil output
cuts into April. While lower output could weigh on the region’s
overall growth this year, higher oil prices are set to curb deficits,
providing some headroom for a potential boost to GCC
economies recovering from the COVID-19 pandemic. “These
countries will still benefit from the higher oil revenue, as the
forecast increase in oil price outweighs the lower output,” said
Monica Malik, chief economist at Abu Dhabi Commercial Bank.
“The marked narrowing in the fiscal deficit with higher oil
revenue gives further space to increase fiscal support to the
economies.” (Reuters)
S&P: Saudi wealth fund PIF to support corporate credit growth –
Investments by Saudi Arabia’s wealth fund Public Investment
Fund (PIF) will support credit growth among companies in the
Kingdom, ratings agency S&P said on Monday. PIF, a $400bn
investment vehicle, is at the center of economic reforms to
transform the oil-dependent economy. The fund plans to inject
at least $40bn annually in the local economy until 2025, and to
increase its assets to SR4tn by that date. “The Public Investment
7. Page 7 of 8
Fund has recently announced investment initiatives that we
expect will spur corporate credit growth, mostly in construction-
related industries,” S&P said. “This will offset the gradual lifting
of support aimed at easing the impact of the pandemic,” it said.
The Saudi central bank said onSunday it had extended a deferred
payment program to support private sector financing for an
additional three months until June 30 as part of measures to stem
the impact of the coronavirus pandemic on the economy. It also
said a guaranteed financing program had been extended for an
additional year until March 14, 2022 to support small and
medium enterprises. (Reuters)
ADQ to merge Rafed, Union71 within Pure Health – ADQ, a
holding company with a broad portfolio of major enterprises
spanning key sectors of Abu Dhabi’s diversified economy, signed
an agreement to merge its healthcare support services entities,
Rafed and Union71, with Pure Health, an integrated healthcare
solutions provider in the UAE. Under the terms of the agreement,
ADQ will transfer its ownership of Rafed and Union71 to Pure
Health and receive a stake in the new end-to-end healthcare
services leader. The company will be well-positioned to serve
hospitals, integrated healthcare systems, healthcare suppliers,
the federal government, and others across the spectrum of care
throughout the UAE. Chief Executive Officer of ADQ, Mohamed
Hassan Alsuwaidi said, "By merging Rafed and Union71 within
Pure Health, we continue advancing ADQ’s strategy to grow a
provision-centered healthcare and pharma cluster that delivers
clinical excellence, optimal healthcare system spend and
effective population health management." (Zawya)
Oman hotel guest numbers down 49.5% in January – The total
number of guests in the (3-5) star category in Oman fell by 49.5%
at the end of January 2021 to stand at 78,451 guests compared to
155,488 guests for the same period of 2020, a report said.
Meanwhile, the as the occupancy rate reached 27%, reported
Oman News Agency (ONA), citing the latest monthly statistics
released by the National Centre for Statistics and Information
(NCSI). The total revenues of these hotels also fell to
OMR6.231mn in January 2021, compared to OMR21.026mn
during the same period of the previous year. (Zawya)
Oman sells OMR162mn 91-day bills; bid-cover at 1.06x – Oman
sold OMR162mn of 91-day bills due on June 9, 2021. Investors
offered to buy 1.06 times the amount of securities sold. The bills
were sold at a price of 99.802, have a yield of 0.796% and will
settle on March 10, 2021. (Bloomberg)
Bahrain's national budget approved – Bahrain's national budget
for 2021-2022 has been unanimously approved by the Shura
Council. It will now be referred by the National Assembly and
Parliament Speaker Fouzia Zainal to His Majesty King Hamad for
ratification. During the chamber’s weekly session yesterday,
Shura Council Chairman, Ali Saleh Al Saleh said unprecedented
circumstances called for unprecedented measures, but the
people’s benefits have remained untouched in the new budget.
(Zawya)
Investcorp said to raise $1bn for North American deals –
Investcorp Holdings has raised about $1bn for its first private
equity fund focused on North American assets, according to
sources. The biggest private equity and alternative asset
manager in the Middle East is set to complete a first close on the
fund soon, and aims to eventually raise about $2bn, the sources
said. The fund will focus on investing in areas including
technology and data companies, along with supply chain and
industrial services. Among the fund’s backers are a Middle East
sovereign wealth fund and large asset managers from the US and
Europe. Bahrain-based Investcorp, which oversees about $34bn,
is raising more funds for specific uses as it looks to boost assets
under management. It is previously tended to book deals on its
own balance sheet and sell them on to investors. Set up in 1982,
the money manager is already the Gulf’s largest private investor
in US real estate and has said it wants to boost its assets under
management to $50bn in the coming years. Abu Dhabi sovereign
fund Mubadala in 2017 acquired a 20% stake in Investcorp,
which has backed companies including Tiffany & Co. and Gucci
Ltd. (Bloomberg)
Bahrain sells BHD70mn 91-day bills; bid-cover at 1.93x – Bahrain
sold BHD70mn of 91-day bills due on June 9, 2021. Investors
offered to buy 1.93 times the amount of securities sold. The bills
were sold at a price of 99.672, have a yield of 1.3% and will settle
on March 10, 2021. (Bloomberg)
8. Contacts
Saugata Sarkar, CFA, CAIA Shahan Keushgerian Mehmet Aksoy, PhD
Head of Research Senior Research Analyst Senior Research Analyst
Tel: (+974) 4476 6534 Tel: (+974) 4476 6509 Tel: (+974) 4476 6589
saugata.sarkar@qnbfs.com.qa shahan.keushgerian@qnbfs.com.qa mehmet.aksoy@qnbfs.com.qa
QNB Financial Services Co. W.L.L.
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services Co. W.L.L. (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (Q.P.S.C.). QNB FS is
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Page 8 of 8
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns, #
Market was closed on March 8, 2021)
60.0
80.0
100.0
120.0
140.0
160.0
Feb-17 Feb-18 Feb-19 Feb-20 Feb-21
QSE Index S&P Pan Arab S&P GCC
0.2%
0.5%
0.1% 0.0%
0.3%
(0.1%)
(0.2%)
(0.3%)
0.0%
0.3%
0.6%
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 1,683.54 (1.0) (1.0) (11.3) MSCI World Index 2,722.64 (0.2) (0.2) 1.2
Silver/Ounce 25.13 (0.5) (0.5) (4.8) DJ Industrial 31,802.44 1.0 1.0 3.9
Crude Oil (Brent)/Barrel (FM Future) 68.24 (1.6) (1.6) 31.7 S&P 500 3,821.35 (0.5) (0.5) 1.7
Crude Oil (WTI)/Barrel (FM Future) 65.05 (1.6) (1.6) 34.1 NASDAQ 100 12,609.16 (2.4) (2.4) (2.2)
Natural Gas (Henry Hub)/MMBtu 2.68 0.0 0.0 12.5 STOXX 600 417.25 1.6 1.6 1.4
LPG Propane (Arab Gulf)/Ton 94.00 (3.1) (3.1) 24.9 DAX 14,380.91 2.8 2.8 1.1
LPG Butane (Arab Gulf)/Ton 102.75 (4.4) (4.4) 37.0 FTSE 100 6,719.13 1.4 1.4 5.4
Euro 1.18 (0.6) (0.6) (3.0) CAC 40 5,902.99 1.6 1.6 3.1
Yen 108.89 0.5 0.5 5.5 Nikkei 28,743.25 (1.0) (1.0) (0.7)
GBP 1.38 (0.1) (0.1) 1.1 MSCI EM 1,308.14 (2.3) (2.3) 1.3
CHF 1.07 (0.6) (0.6) (5.5) SHANGHAI SE Composite 3,421.41 (2.7) (2.7) (1.5)
AUD 0.77 (0.5) (0.5) (0.6) HANG SENG 28,540.83 (2.0) (2.0) 4.6
USD Index 92.31 0.4 0.4 2.6 BSE SENSEX 50,441.07 (0.1) (0.1) 5.2
RUB 74.21 0.0 0.0 (0.3) Bovespa 110,611.60 (4.5) (4.5) (16.0)
BRL 0.17 (3.1) (3.1) (11.6) RTS#
1,447.46 0.0 0.0 4.3
122.2
118.0
94.9