The QSE Index in Qatar declined 0.3% led by losses in the Industrials and Telecoms indices. Industries Qatar and Aamal Co. were the top losers. Qatar General Insurance & Reinsurance Co. rose 6.2% and was among the top gainers. Trading volume rose 15.3% but was 33.7% lower than the 30-day moving average. The document also provides stock market commentary and performance summaries for other GCC countries including Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman and Bahrain. It discusses Qatar-related news including a 74% rise in Qatar's trade surplus in February and planned increases to Qatar's office space market by 2019.
- The QE Index in Qatar declined 1.0% due to losses in the Banks & Financial Services and Consumer Goods & Services indices. Top losers were QNB Group and Alijarah Holding.
- Stock markets in other GCC countries also declined except for Kuwait which gained 0.3%. Saudi Arabia had the largest fall of 1.6%.
- Global economic data showed mixed results with US industrial production rising more than expected but EU industrial production falling. China's industrial production grew 5.0% YoY in May.
The QSE Index in Qatar declined 1.5% led by losses in the real estate and banks indices. Top losers were Aamal Co. and Ezdan Holding Group. Regional indices were mixed with Saudi Arabia and Abu Dhabi down while Kuwait was up. News from Qatar included a decline in industrial sector producer prices, high business confidence, an end to car dealer monopolies, and Nebras Power signing an MoU for a Senegal energy project.
QNBFS Daily Market Report September 9, 2018QNB Group
The QSE Index declined marginally to close at 9,826.8 led by losses in the Real Estate and Telecom indices. Top losers were Dlala Brokerage & Investment Holding Company and Zad Holding Company, falling 5.2% and 1.6% respectively. Regional indices were mixed with Saudi Arabia down 0.4% while Dubai and Bahrain gained 0.3% and 0.3%. Trading volume on the QSE fell 31.7% compared to the previous day.
The QSE Index declined 0.4% to close at 8,856.9. Losses were led by the Telecoms and
Banks & Financial Services indices, falling 1.3% and 0.6%, respectively.
QNBFS Daily Market Report November 23, 2020QNB Group
The QE Index rose 0.9% to close at 10,202.8. Gains were led by the Banks & Financial Services and Transportation indices, gaining 2.1% and 1.7%, respectively.
The QE Index rose 0.8% to close at 10,480.5. Gains were led by the Consumer Goods & Services and Transportation indices, gaining 2.3% and 1.7%, respectively.
- The QE Index in Qatar declined 1.0% due to losses in the Banks & Financial Services and Consumer Goods & Services indices. Top losers were QNB Group and Alijarah Holding.
- Stock markets in other GCC countries also declined except for Kuwait which gained 0.3%. Saudi Arabia had the largest fall of 1.6%.
- Global economic data showed mixed results with US industrial production rising more than expected but EU industrial production falling. China's industrial production grew 5.0% YoY in May.
The QSE Index in Qatar declined 1.5% led by losses in the real estate and banks indices. Top losers were Aamal Co. and Ezdan Holding Group. Regional indices were mixed with Saudi Arabia and Abu Dhabi down while Kuwait was up. News from Qatar included a decline in industrial sector producer prices, high business confidence, an end to car dealer monopolies, and Nebras Power signing an MoU for a Senegal energy project.
QNBFS Daily Market Report September 9, 2018QNB Group
The QSE Index declined marginally to close at 9,826.8 led by losses in the Real Estate and Telecom indices. Top losers were Dlala Brokerage & Investment Holding Company and Zad Holding Company, falling 5.2% and 1.6% respectively. Regional indices were mixed with Saudi Arabia down 0.4% while Dubai and Bahrain gained 0.3% and 0.3%. Trading volume on the QSE fell 31.7% compared to the previous day.
The QSE Index declined 0.4% to close at 8,856.9. Losses were led by the Telecoms and
Banks & Financial Services indices, falling 1.3% and 0.6%, respectively.
QNBFS Daily Market Report November 23, 2020QNB Group
The QE Index rose 0.9% to close at 10,202.8. Gains were led by the Banks & Financial Services and Transportation indices, gaining 2.1% and 1.7%, respectively.
The QE Index rose 0.8% to close at 10,480.5. Gains were led by the Consumer Goods & Services and Transportation indices, gaining 2.3% and 1.7%, respectively.
QNBFS Daily Market Report January 26, 2022QNB Group
The QE Index rose 0.2% to close at 12,548.5. Gains were led by the Transportation and Banks & Financial Services indices, gaining 1.3% and 0.3%, respectively.
The QE index in Qatar rose 0.3% led by gains in the insurance and real estate indices. Qatar Insurance Co. and Qatar German Co. for Medical Development were the top gainers rising 3.4% and 2.6% respectively, while Qatar General Insurance & Reinsurance Co. fell 3.4%. Regional markets were mixed with Saudi Arabia and Kuwait rising while Oman fell. Non-Qatari investors were net buyers of Qatari stocks while Qatari investors were net sellers. Rising population is expected to drive non-oil growth in Qatar and public spending will support Qatar's ongoing construction boom.
The QE index in Qatar declined 0.4% led by losses in the telecom and real estate indices. Ezdan Holding Group and Ooredoo were the top losers falling 3.4% and 3.0% respectively. In other GCC markets, indices in Saudi Arabia and Dubai fell while Abu Dhabi and Kuwait rose marginally. Global economic data showed mixed signals with UK unemployment falling but wages and Spanish home sales rising less than expected.
The QSE Index rose 0.3% led by gains in the Real Estate and Telecom indices. Qatar German Company for Medical Devices and Al Meera Consumer Goods Co. were the top gainers rising 5.8% and 3.1% respectively, while Ahli Bank fell 5.2% and Qatar Insurance Co. declined 3.0%. Trading volume on the QSE increased by 40.8% compared to the previous day. The US Secretary of Commerce stressed the need to develop economic ties between the US and Qatar. Qatar German Company for Medical Devices postponed its AGM to April 14th due to lack of quorum.
QNBFS Daily Market Report October 19, 2021QNB Group
The QE Index declined 0.1% to close at 11,743.4. Losses were led by the Industrials and Banks & Financial Services indices, falling 0.5% and 0.1%, respectively.
The QSE Index in Qatar declined 0.4% led by losses in the Telecom and Insurance indices. Dlala Brokerage and Doha Insurance were the top losers, falling 3.3% and 2.9% respectively. Ahli Bank and National Leasing were among the top gainers. Regional markets were mixed with Saudi Arabia up 1.1% while Abu Dhabi fell 0.8%. Earnings reports and economic indicators were also included in the document.
The document provides an intra-day market summary and commentary for Qatar and other GCC exchanges. It summarizes that the QE index in Qatar rose 1.3% led by gains in the real estate and industrial indices. Top gainers included Doha Insurance Co. and Gulf International Services. It also provides company earnings results and global economic data updates.
QNBFS Daily Market Report November 20, 2018QNB Group
The QSE Index in Qatar rose 1.0% led by gains in the real estate and telecom indices. Ezdan Holding Group and Qatar Cinema & Film Distribution Company were the top gainers rising 4.8% and 3.8% respectively, while Qatar Fuel Company fell 4.2%. Regional indices in other Gulf markets also rose except for Bahrain which fell 0.3%. Fitch Solutions said the Qatar Central Bank may raise interest rates to defend its currency peg to the US dollar as the US Federal Reserve continues tightening monetary policy.
The QE index in Qatar rose 0.2% led by gains in the insurance and banking indices. Ezdan Holding Group and Doha Bank were the top gainers rising 10% and 5.9% respectively. In other GCC markets, Dubai and Abu Dhabi rose while Saudi Arabia, Kuwait, Oman and Bahrain fell. Regionally, company earnings were reported including an 8% profit rise at Masraf Al Rayan and a 10.2% increase at Qatar International Islamic Bank.
The QSE Index declined 1.2% led by losses in the Telecom and Real Estate indices. Ooredoo and Gulf Warehousing Co. were the top losers. Regional markets were mixed with Saudi Arabia and Oman rising while Abu Dhabi, Kuwait, and Bahrain fell. Volume on the QSE fell 48.8% compared to the previous day. Ashghal launched a major infrastructure project in Al Sailiya costing over QR573m.
The QE index declined 0.6% led by losses in the Insurance and Telecoms indices. Mesaieed Petrochemical Holding Co. and Doha Bank were the top losers falling 10.0% and 9.1% respectively, while Medicare Group rose 4.0% and Qatar German Co for Medical Dev rose 3.6%. Trading volume fell slightly to 14.4mn shares but was higher than the 30-day average. Selling pressure from Qatari shareholders led the decline despite buying from non-Qatari investors.
QNBFS Daily Market Report October 21, 2018QNB Group
The QSE Index in Qatar rose 0.3% driven by gains in the Consumer Goods & Services and Banks & Financial Services indices. Ahli Bank and Qatar Oman Investment Company were the top gainers rising 5.1% and 4.0% respectively. Qatar Industrial Manufacturing Company fell 3.9% and was among the top losers. Overall trading volume on the QSE fell by 41.9% compared to the previous day.
The document summarizes daily market activity and commentary for the Qatar Stock Exchange (QSE) and other Gulf Cooperation Council (GCC) exchanges. On the QSE, the index rose 0.7% as real estate and insurance indices increased. Top gainers were Widam Food Co. and Qatar German Co. for Medical Devices. Regional markets were mixed with Saudi Arabia and Kuwait up over 1%, while Abu Dhabi fell slightly. Earnings reports and other news items are also summarized.
QNBFS Daily Market Report November 14, 2021QNB Group
The QE Index in Qatar rose 0.2% driven by gains in the insurance and consumer goods indices. Top gainers were Qatar General Insurance and QLM Life Insurance. The indexes of other GCC countries (Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman, Bahrain) were also up except for Oman which fell 0.6%. Earnings releases are provided for companies in Saudi Arabia and Abu Dhabi. Trading data shows Qatari shareholders were overall sellers while foreign shareholders were overall buyers.
The QSE Index in Qatar gained 0.3% driven by gains in the Industrials and Consumer Goods & Services indices. Zad Holding and Mazaya Qatar Real Estate were the top gainers rising 5% and 3.1% respectively, while Ahli Bank fell 4.3%. Regional indices were mixed with Saudi Arabia up 1% and Oman down 0.1%. Earnings news was reported from various companies such as Emaar Malls and Nakheel. Global economic data included a 1.9% rise in US personal consumption but a -0.1% fall in GDP price index.
The QE index in Qatar rose 0.6% led by gains in the transportation and telecom indices. Dlala Brokerage and Qatar General Insurance were the top gainers rising 7.6% and 4.6% respectively, while Zad Holding fell 2.7%. Regional markets were also up with Saudi Arabia and Dubai rising 0.1% and 1.9% respectively. Trading volume on the QE rose 114.2% compared to the previous day.
QNBFS Daily Market Report August 14, 2018QNB Group
The QSE Index declined 0.8% on Monday led by losses in the Banks & Financial Services and Real Estate indices. QNB Group and Gulf Warehousing Company were the top losers. Trading volume rose by 14.2% compared to the previous day but was 31.4% lower than the 30-day moving average. Regional indices also declined except for Abu Dhabi which fell 0.9%. Qatar's current account balance swung to a surplus of QR23.4bn in 2017 from a deficit in 2016 due to higher energy prices and a rise in exports.
QNBFS Daily Market Report January 26, 2022QNB Group
The QE Index rose 0.2% to close at 12,548.5. Gains were led by the Transportation and Banks & Financial Services indices, gaining 1.3% and 0.3%, respectively.
The QE index in Qatar rose 0.3% led by gains in the insurance and real estate indices. Qatar Insurance Co. and Qatar German Co. for Medical Development were the top gainers rising 3.4% and 2.6% respectively, while Qatar General Insurance & Reinsurance Co. fell 3.4%. Regional markets were mixed with Saudi Arabia and Kuwait rising while Oman fell. Non-Qatari investors were net buyers of Qatari stocks while Qatari investors were net sellers. Rising population is expected to drive non-oil growth in Qatar and public spending will support Qatar's ongoing construction boom.
The QE index in Qatar declined 0.4% led by losses in the telecom and real estate indices. Ezdan Holding Group and Ooredoo were the top losers falling 3.4% and 3.0% respectively. In other GCC markets, indices in Saudi Arabia and Dubai fell while Abu Dhabi and Kuwait rose marginally. Global economic data showed mixed signals with UK unemployment falling but wages and Spanish home sales rising less than expected.
The QSE Index rose 0.3% led by gains in the Real Estate and Telecom indices. Qatar German Company for Medical Devices and Al Meera Consumer Goods Co. were the top gainers rising 5.8% and 3.1% respectively, while Ahli Bank fell 5.2% and Qatar Insurance Co. declined 3.0%. Trading volume on the QSE increased by 40.8% compared to the previous day. The US Secretary of Commerce stressed the need to develop economic ties between the US and Qatar. Qatar German Company for Medical Devices postponed its AGM to April 14th due to lack of quorum.
QNBFS Daily Market Report October 19, 2021QNB Group
The QE Index declined 0.1% to close at 11,743.4. Losses were led by the Industrials and Banks & Financial Services indices, falling 0.5% and 0.1%, respectively.
The QSE Index in Qatar declined 0.4% led by losses in the Telecom and Insurance indices. Dlala Brokerage and Doha Insurance were the top losers, falling 3.3% and 2.9% respectively. Ahli Bank and National Leasing were among the top gainers. Regional markets were mixed with Saudi Arabia up 1.1% while Abu Dhabi fell 0.8%. Earnings reports and economic indicators were also included in the document.
The document provides an intra-day market summary and commentary for Qatar and other GCC exchanges. It summarizes that the QE index in Qatar rose 1.3% led by gains in the real estate and industrial indices. Top gainers included Doha Insurance Co. and Gulf International Services. It also provides company earnings results and global economic data updates.
QNBFS Daily Market Report November 20, 2018QNB Group
The QSE Index in Qatar rose 1.0% led by gains in the real estate and telecom indices. Ezdan Holding Group and Qatar Cinema & Film Distribution Company were the top gainers rising 4.8% and 3.8% respectively, while Qatar Fuel Company fell 4.2%. Regional indices in other Gulf markets also rose except for Bahrain which fell 0.3%. Fitch Solutions said the Qatar Central Bank may raise interest rates to defend its currency peg to the US dollar as the US Federal Reserve continues tightening monetary policy.
The QE index in Qatar rose 0.2% led by gains in the insurance and banking indices. Ezdan Holding Group and Doha Bank were the top gainers rising 10% and 5.9% respectively. In other GCC markets, Dubai and Abu Dhabi rose while Saudi Arabia, Kuwait, Oman and Bahrain fell. Regionally, company earnings were reported including an 8% profit rise at Masraf Al Rayan and a 10.2% increase at Qatar International Islamic Bank.
The QSE Index declined 1.2% led by losses in the Telecom and Real Estate indices. Ooredoo and Gulf Warehousing Co. were the top losers. Regional markets were mixed with Saudi Arabia and Oman rising while Abu Dhabi, Kuwait, and Bahrain fell. Volume on the QSE fell 48.8% compared to the previous day. Ashghal launched a major infrastructure project in Al Sailiya costing over QR573m.
The QE index declined 0.6% led by losses in the Insurance and Telecoms indices. Mesaieed Petrochemical Holding Co. and Doha Bank were the top losers falling 10.0% and 9.1% respectively, while Medicare Group rose 4.0% and Qatar German Co for Medical Dev rose 3.6%. Trading volume fell slightly to 14.4mn shares but was higher than the 30-day average. Selling pressure from Qatari shareholders led the decline despite buying from non-Qatari investors.
QNBFS Daily Market Report October 21, 2018QNB Group
The QSE Index in Qatar rose 0.3% driven by gains in the Consumer Goods & Services and Banks & Financial Services indices. Ahli Bank and Qatar Oman Investment Company were the top gainers rising 5.1% and 4.0% respectively. Qatar Industrial Manufacturing Company fell 3.9% and was among the top losers. Overall trading volume on the QSE fell by 41.9% compared to the previous day.
The document summarizes daily market activity and commentary for the Qatar Stock Exchange (QSE) and other Gulf Cooperation Council (GCC) exchanges. On the QSE, the index rose 0.7% as real estate and insurance indices increased. Top gainers were Widam Food Co. and Qatar German Co. for Medical Devices. Regional markets were mixed with Saudi Arabia and Kuwait up over 1%, while Abu Dhabi fell slightly. Earnings reports and other news items are also summarized.
QNBFS Daily Market Report November 14, 2021QNB Group
The QE Index in Qatar rose 0.2% driven by gains in the insurance and consumer goods indices. Top gainers were Qatar General Insurance and QLM Life Insurance. The indexes of other GCC countries (Saudi Arabia, Dubai, Abu Dhabi, Kuwait, Oman, Bahrain) were also up except for Oman which fell 0.6%. Earnings releases are provided for companies in Saudi Arabia and Abu Dhabi. Trading data shows Qatari shareholders were overall sellers while foreign shareholders were overall buyers.
The QSE Index in Qatar gained 0.3% driven by gains in the Industrials and Consumer Goods & Services indices. Zad Holding and Mazaya Qatar Real Estate were the top gainers rising 5% and 3.1% respectively, while Ahli Bank fell 4.3%. Regional indices were mixed with Saudi Arabia up 1% and Oman down 0.1%. Earnings news was reported from various companies such as Emaar Malls and Nakheel. Global economic data included a 1.9% rise in US personal consumption but a -0.1% fall in GDP price index.
The QE index in Qatar rose 0.6% led by gains in the transportation and telecom indices. Dlala Brokerage and Qatar General Insurance were the top gainers rising 7.6% and 4.6% respectively, while Zad Holding fell 2.7%. Regional markets were also up with Saudi Arabia and Dubai rising 0.1% and 1.9% respectively. Trading volume on the QE rose 114.2% compared to the previous day.
QNBFS Daily Market Report August 14, 2018QNB Group
The QSE Index declined 0.8% on Monday led by losses in the Banks & Financial Services and Real Estate indices. QNB Group and Gulf Warehousing Company were the top losers. Trading volume rose by 14.2% compared to the previous day but was 31.4% lower than the 30-day moving average. Regional indices also declined except for Abu Dhabi which fell 0.9%. Qatar's current account balance swung to a surplus of QR23.4bn in 2017 from a deficit in 2016 due to higher energy prices and a rise in exports.
The QE index in Qatar rose 0.4% led by gains in the insurance and real estate indices. Islamic Holding Group and Qatar Insurance Co. were the top gainers rising 6.3% and 4.0% respectively, while Al Khaleej Takaful Group fell 2.2%. Regional indices were mixed with Kuwait gaining 2.1% and Saudi Arabia falling 0.2%. Ooredoo plans to bid for licenses in Myanmar and North Africa and is replacing its $1.3 billion credit facility.
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 rose 0.6% led by gains in the Industrials and Transportation indices. Al Ahli Bank and Gulf International Services were the top gainers, while Salam International Inv. Co. and Barwa Real Estate Co. declined. Regional indices were mixed with Saudi Arabia and Dubai rising while Kuwait and Bahrain declined.
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 August 16, 2018QNB Group
The QSE Index declined 0.5% led by losses in the Real Estate and Telecom indices. Ezdan Holding Group and Masraf Al Rayan were the top losers, falling 6.4% and 2.0% respectively. Trading volume fell 19.3% compared to the previous day. Regionally, indices were mixed with Abu Dhabi up 1.2% while Dubai fell 0.8%. Company earnings news and global economic indicators were also included in the document.
The document summarizes daily market activity and performance across various stock exchanges in Qatar and the GCC region. On the Qatar Exchange, the market index declined 0.3% as the Transportation and Banking indices fell. Top losers were Zad Holding and Gulf International Services. Top gainers included Qatar Cinema and Qatar National Cement. Trading volume declined 57.5% compared to the previous day. Other GCC markets saw gains in Dubai and Abu Dhabi but declines in Saudi Arabia and Kuwait.
The QE index in Qatar declined 0.3% led by losses in the industrial and real estate sectors, while indices in other GCC markets were mixed with gains in Kuwait and Dubai but losses in Saudi Arabia and Abu Dhabi. Qatar Gas Transport and Gulf International Services were the top losers in Qatar, falling 6.0% and 5.8% respectively. Globally, US mortgage applications declined while Japan's exports and imports increased year-over-year in February.
The QE index in Qatar rose 0.1% led by gains in the real estate and telecom indices. Al Khaliji and Zad Holding Co. were the top gainers rising 3.8% and 2.7% respectively, while Qatar Gas Transport Co. fell 2.9%. Regional indices were mixed with Abu Dhabi rising 0.1% while Saudi Arabia fell 0.3%. Trading activity on the Qatar Exchange declined 27.7% in volume terms day-over-day.
The QSE Index declined 0.6% to close at 8,992.8. Losses were led by the Real Estate and Banks & Financial Services indices, falling 1.3% and 1.1%, respectively.
QNBFS Daily Market Report August 08, 2016QNB Group
The QSE Index rose 1.0% led by gains in the Insurance and Industrials indices. Industries Qatar and Doha Insurance Co. were the top gainers while Dlala Brokerage & Investments Holding Co. and Al Khaleej Takaful Group declined. Volume traded increased 67.8% compared to the previous day. The Qatar market commentary noted buying from non-Qatari investors increased the index despite Qatari shareholder selling pressure.
QNBFS Daily Market Report August 09, 2016QNB Group
The QSE Index rose 1.2% led by gains in the Banks & Financial Services and Telecoms indices. Vodafone Qatar and United Development Co. were the top gainers rising 6.0% and 3.6% respectively, while Doha Insurance Co. fell 4.5%. Regional markets were mixed with Saudi Arabia and Kuwait rising while Dubai and Bahrain fell. Company earnings news included MERS reporting a 7.2% rise in net profit for 2Q2016 and Doha Insurance reporting a loss versus a profit in the previous period.
The QSE Index declined 0.2% led by losses in the Insurance and Transportation indices. Gulf Warehousing Co. and Qatar Islamic Insurance Co. were the top losers, falling 2.2% and 1.8% respectively. United Development Co. and Qatar Cinema & Film Distribution Co. were among the top gainers rising 1.2% each. Trading volume fell 24.1% compared to the previous day and was 78% lower than the 30-day moving average.
The QE Index in Qatar declined 0.7% led by losses in the Transportation and Industrials indices. Ahli Bank and Qatar Gas Transport Company were the top losers. In other GCC markets, indices in Saudi Arabia and Kuwait fell while Dubai and Oman gained slightly. Company earnings news was reported from Saudi Arabia. Global economic data showed inflation increases in the UK and EU while industrial production grew in Japan. News mentioned AKHI opening a new branch in Qatar and Investment House closing a global Wakala trust program. Qatar's current account balance is forecast to rebound strongly in 2021-2022.
QNBFS Daily Market Report September 21, 2021QNB Group
The QE Index in Qatar declined 0.4% due to losses in the banks and transportation sectors. Mesaieed Petrochemical and Investment Holding Group were the top losers. Germany's PPI rose more than expected in August. In Qatar, Masraf Al Rayan will hold an EGM on September 28. Moody's reported that Qatar's Islamic banks have the highest loss coverage ratio in the GCC. Qatar's economy is projected to grow 3% in 2021 according to a Bloomberg survey. Qatar's construction sector is growing steadily due to ongoing infrastructure projects for the 2022 World Cup.
The QE index in Qatar declined 0.2% led by declines in the real estate and transportation indices. United Development Co. and Islamic Holding Group were the top losers falling 4.1% and 3.3% respectively, while Gulf International Services rose 3.5%. Regional indices in Saudi Arabia, Dubai, Abu Dhabi and Kuwait rose, while Oman's index gained 0.3%. News from Qatar included proposals to establish an investment fund with Kazakhstan and requests from Egypt to extend gas payment terms and prices.
Similar to QNBFS Daily Market Report March 27, 2017 (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.
Enhancing Asset Quality: Strategies for Financial Institutionsshruti1menon2
Ensuring robust asset quality is not just a mere aspect but a critical cornerstone for the stability and success of financial institutions worldwide. It serves as the bedrock upon which profitability is built and investor confidence is sustained. Therefore, in this presentation, we delve into a comprehensive exploration of strategies that can aid financial institutions in achieving and maintaining superior asset quality.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
5 Tips for Creating Standard Financial ReportsEasyReports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
"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.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"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.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting, 8th Canadian Edition by Libby, Hodge, Verified Chapters 1 - 13, Complete Newest Version Solution Manual For Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Ebook Download Stuvia Solution Manual For Financial Accounting 8th Canadian Edition Pdf Solution Manual For Financial Accounting 8th Canadian Edition Pdf Download Stuvia Financial Accounting 8th Canadian Edition Pdf Chapters Download Stuvia Financial Accounting 8th Canadian Edition Ebook Download Stuvia Financial Accounting 8th Canadian Edition Pdf Financial Accounting 8th Canadian Edition Pdf Download Stuvia
The Universal Account Number (UAN) by EPFO centralizes multiple PF accounts, simplifying management for Indian employees. It streamlines PF transfers, withdrawals, and KYC updates, providing transparency and reducing employer dependency. Despite challenges like digital literacy and internet access, UAN is vital for financial empowerment and efficient provident fund management in today's digital age.
1. Page 1 of 5
QSE Intra-Day Movement
Qatar Commentary
The QSE Index declined 0.3% to close at 10,412.9. Losses were led by the Industrials
and Telecoms indices, falling 1.1% and 0.9%, respectively. Top losers were Industries
Qatar and Aamal Co., falling 2.2% and 1.4%, respectively. Among the top gainers,
Qatar General Insurance & Reinsurance Co. rose 6.2%, while National Leasing was up
3.8%.
GCC Commentary
Saudi Arabia: The TASI Index fell 0.1% to close at 6,874.1. Losses were led by the
Media and Commercial & Professional indices, falling 1.1% and 1.0%, respectively.
National Agricultural Dev. fell 4.4%, while United Electronics Co. was down 3.3%.
Dubai: The DFM Index gained 0.2% to close at 3,468.5. The Telecommunication
index rose 0.8%, while the Real Estate & Construction index gained 0.5%. Union
Properties rose 3.1%, while Ekttitab Holding Co. was up 2.7%.
Abu Dhabi: The ADX benchmark index fell 0.7% to close at 4,465.2. The Investment
& Financial Services index declined 1.3%, while the Banks index fell 0.9%. Sharjah
Cement & Ind. Dev. Co. declined 7.4%, while Sharjah Islamic Bank was down 4.1%.
Kuwait: The KSE Index declined marginally to close at 7,040.5. The Technology
index fell 1.9%, while the Consumer Services index declined 1.7%. Kuwait National
Cinema Co. fell 12.7%, while Sanam Real Estate Co. was down 8.2%.
Oman: The MSM Index rose 0.3% to close at 5,654.0. Gains were led by the Financial
and Services indices, rising 0.5% and 0.2%, respectively. Al Madina Investment
rose 3.0%, while Bank Dhofar was up 2.8%.
Bahrain: The BHB Index gained 0.2% to close at 1,378.6. The Industrial index rose
1.6%, while the Commercial Banks index gained 0.3%. Al Ahli United Bank rose
3.7%, while Aluminum Bahrain was up 1.7%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Qatar General Ins. & Reins. Co. 41.00 6.2 3.7 (12.8)
National Leasing 18.77 3.8 1,948.1 22.5
Al Khaleej Takaful Group 19.50 2.6 18.3 (7.6)
Widam Food Co. 64.00 2.6 9.2 (5.9)
Qatar Islamic Insurance Co. 69.60 1.9 7.9 37.5
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
National Leasing 18.77 3.8 1,948.1 22.5
Vodafone Qatar 8.98 0.0 1,442.5 (4.2)
Masraf Al Rayan 43.90 0.5 1,279.7 16.8
Ezdan Holding Group 15.89 1.3 1,036.4 5.2
Barwa Real Estate Co. 34.65 0.4 325.8 4.2
Market Indicators 26 Mar 17 23 Mar 17 %Chg.
Value Traded (QR mn) 222.5 251.5 (11.5)
Exch. Market Cap. (QR mn) 557,252.0 559,556.2 (0.4)
Volume (mn) 8.3 7.2 15.3
Number of Transactions 2,710 3,032 (10.6)
Companies Traded 41 42 (2.4)
Market Breadth 15:18 24:16 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 17,257.81 (0.3) (0.3) 2.2 15.4
All Share Index 2,932.52 (0.2) (0.2) 2.2 15.1
Banks 3,032.53 (0.3) (0.3) 4.1 13.5
Industrials 3,274.32 (1.1) (1.1) (1.0) 20.0
Transportation 2,337.41 (0.5) (0.5) (8.2) 13.2
Real Estate 2,373.99 0.9 0.9 5.8 15.7
Insurance 4,306.65 0.7 0.7 (2.9) 17.3
Telecoms 1,223.04 (0.9) (0.9) 1.4 21.7
Consumer 6,457.00 (0.3) (0.3) 9.5 14.4
Al Rayan Islamic Index 4,126.02 (0.2) (0.2) 6.3 17.0
GCC Top Gainers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Qatar Gen. Ins. & Reins. Qatar 41.00 6.2 3.7 (12.8)
National Leasing Qatar 18.77 3.8 1,948.1 22.5
Ahli United Bank Bahrain 0.85 3.7 2,777.6 32.0
Saudi Real Estate Co. Saudi Arabia 20.66 3.0 1,162.6 (22.4)
Bank Dhofar Oman 0.26 2.8 629.9 12.2
GCC Top Losers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Nat. Bank of Bahrain Bahrain 0.65 (7.1) 62.8 (0.7)
Com. Bank of Kuwait Kuwait 0.43 (4.4) 125.6 4.9
Sharjah Islamic Bank Abu Dhabi 1.40 (4.1) 91.9 0.0
Kuwait Food Co. Kuwait 2.40 (4.0) 1.4 (7.7)
Ajman Bank Dubai 1.28 (3.8) 250.4 (3.8)
Source: Bloomberg (
#
in Local Currency) (
##
GCC Top gainers/losers derived from the Bloomberg GCC
200 Index comprising of the top 200 regional equities based on market capitalization and liquidity)
QSE Top Losers Close* 1D% Vol. ‘000 YTD%
Industries Qatar 108.60 (2.2) 198.0 (7.6)
Aamal Co. 14.20 (1.4) 137.9 4.2
Qatar Industrial Manufacturing 44.00 (1.1) 8.0 (1.1)
Ooredoo 100.90 (1.1) 21.6 (0.9)
Medicare Group 101.00 (1.1) 50.3 60.6
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Masraf Al Rayan 43.90 0.5 56,094.7 16.8
National Leasing 18.77 3.8 35,956.2 22.5
Industries Qatar 108.60 (2.2) 21,746.7 (7.6)
Ezdan Holding Group 15.89 1.3 16,401.6 5.2
Vodafone Qatar 8.98 0.0 12,972.8 (4.2)
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* 10,412.85 (0.3) (0.3) (2.7) (0.2) 61.11 153,077.1 15.4 1.5 3.7
Dubai 3,468.48 0.2 0.2 (4.5) (1.8) 58.33 106,491.0 14.8 1.2 3.9
Abu Dhabi 4,465.19 (0.7) (0.7) (1.9) (1.8) 27.92 117,278.1 12.7 1.4 5.4
Saudi Arabia 6,874.12 (0.1) (0.1) (1.4) (4.7) 692.43 429,725.1 17.0 1.6 3.5
Kuwait 7,040.51 (0.0) (0.0) 3.8 22.5 96.66 95,773.7 23.0 1.3 3.3
Oman 5,654.02 0.3 0.3 (2.2) (2.2) 6.37 22,705.9 11.1 1.1 5.1
Bahrain 1,378.55 0.2 0.2 2.1 13.0 16.46 22,070.9 9.0 0.8 5.0
Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
10,350
10,400
10,450
10,500
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00
2. Page 2 of 5
Qatar Market Commentary
The QSE Index declined 0.3% to close at 10,412.9. The Industrials and
Telecoms indices led the losses. The index fell on the back of selling
pressure from GCC shareholders despite buying support from Qatari and
non-Qatari shareholders.
Industries Qatar and Aamal Co. were the top losers, falling 2.2% and
1.4%, respectively. Among the top gainers, Qatar General Insurance &
Reinsurance Co. rose 6.2%, while National Leasing was up 3.8%.
Volume of shares traded on Sunday rose by 15.3% to 8.3mn from 7.2mn
on Thursday. However, as compared to the 30-day moving average of
12.5mn, volume for the day was 33.7% lower. National Leasing and
Vodafone Qatar were the most active stocks, contributing 23.5% and
17.4% to the total volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Earnings Calendar
Tickers Company Name Date of reporting 1Q2017 results No. of days remaining Status
UDCD United Development Company 17-Apr-17 21 Due
DHBK Doha Bank 19-Apr-17 23 Due
Source: QSE
News
Qatar
Oil output cut helps Qatar register 74% YoY growth in trade
surplus to QR12.32bn in February – Oil production cut deal,
effective from January 1, helped Qatar register 74% YoY growth
in trade surplus to QR12.32bn in February with its crude and
gas exports’ value soaring high in double digits. The country’s
foreign merchandise trade surplus expanded more than 12%
MoM in February mainly on faster deceleration in imports, said
the figures released by the Ministry of Development Planning
and Statistics (MDPS). In absolute terms, Japan, South Korea,
India, the UAE and China were among the largest export
markets of Qatar; while imports mainly came from China, the
US, the UAE, Japan and Germany in February 2017. A robust
expansion in shipments to the UAE, South Korea and Japan led
Qatar’s total exports (valued free-on-board) to increase 22.5%
YoY to QR20.47bn in February. On a monthly basis, it was up
mere 0.8%. The country’s total exports of domestic products
increased 18.4% YoY to QR18.89bn in February 2017. Qatar’s
exports of non-crude rose faster YoY by 68% to QR1.25bn, while
crude rose by 46.8% to QR3.48bn and petroleum gases and
other gaseous hydrocarbons by 18.9% to QR12.2bn. On the
other hand, other commodities declined 24% to QR1.95bn.
(Gulf-Times.com)
QFC’s global outreach to promote Qatar as ideal investment
location – The Qatar Financial Center (QFC) has kick-started its
2017 global outreach with its roadshow in Germany,
showcasing the country and its corporate sector before
professionals from German corporations and private companies
in Berlin and Munich. The visit to Germany comes as part of a
number of roadshows planned during 2017 that would see the
QFC and its senior officials visit major financial capitals across
Europe, Asia and North America, a spokesman of the center
said. The QFC Germany roadshow is one of many initiatives
that seek to further develop bilateral and economic relations
between the two countries, and discuss opportunities to expand
in the Middle East through the QFC platform. The roadshow
also provided attendees with an opportunity to network with
some of the Middle East and North Africa region’s most
influential decision-makers, including Ghorfa, AHK, Manateq
and Rödl & Partner. Relations between Germany and Qatar
have continued to strengthen over the past few years with
Germany emerging as the 12th largest trading partner for Qatar
with a 2.4% of the total value of trade exchange. (Gulf-
Times.com)
BMI: Office space to grow by 2mn square meters by 2019 –
Around 2mn square meters of office space is expected to enter
Qatari market by 2019, BMI Research has said in its latest
report. The office sector in Qatar benefits from a strong
development pipeline and higher levels of demand on the back
of greater government spending, the report said. According to
the report, Doha will be central for office developments in the
country as the city is the focus of most tenant interest and will
see continued higher levels of demand leading up to the 2022
FIFA World Cup with a particular appetite for premium grade
units from international investors. On the other hand, the
report said, Al Khor and Al Wakra are seeing little interest for
higher-grade space, as developers are unwilling to build due to
the economic focus on Doha. The commercial real estate market
will also continue to benefit from Qatar's strong
macroeconomic fundamentals, including low unemployment
and a diversified labor market, which will support business
sentiment, the report said. (Qatar Tribune)
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 58.42% 52.21% 13,807,569.87
Qatari Institutions 17.79% 22.01% (9,397,259.46)
Qatari 76.21% 74.22% 4,410,310.41
GCC Individuals 0.50% 0.75% (558,127.61)
GCC Institutions 3.57% 9.58% (13,366,973.97)
GCC 4.07% 10.33% (13,925,101.58)
Non-Qatari Individuals 11.22% 8.19% 6,738,004.44
Non-Qatari Institutions 8.50% 7.25% 2,776,786.73
Non-Qatari 19.72% 15.44% 9,514,791.17
3. Page 3 of 5
Qatar Chamber seeks to revive ‘Doha Round’ negotiations with
WTO – Qatar Chamber is seeking to revive the ‘Doha Round’
negotiations with the World Trade Organization (WTO) after a
12-year deadlock, an official said. The Doha Round is part of
trade negotiations among WTO membership, and aims to
achieve major reforms in the international trading system
through the introduction of lower trade barriers and revised
trade rules. Qatar Chamber Chairman Sheikh Khalifa bin Jassim
al-Thani, who is also the Chairman of the International
Chamber of Commerce (ICC) Qatar, said the chamber adopted
the World Trade Agenda (WTA) initiative in 2013, in
cooperation with ICC, to push forward the Doha Round. The
chamber is supported and encouraged by the government of
Qatar to determine many priorities, which were submitted
during the ‘9th Ministerial Conference’ of the World Trade
Organization held in 2013 in Bali. “This resulted in achieving
the WTO Trade Facilitation Agreement, which was created to
ensure revenues through trade overseas and provide job
opportunities for developing and least-developed countries”, he
noted. (Gulf-Times.com)
Qatar, UK investment forum opens in London – The high-profile
Qatar-UK Business & Investment Forum is set to open in
London on March 27, 2017. The event has brought together
several Qatari Ministers, corporate heads and a largest-ever
number of potential investors. (Peninsula Qatar)
International
China January-February industrial profits surge 32% as
commodity prices rally – Profits of Chinese industrial firms
surged 31.5% in the first two months of 2017 from a year earlier
as prices of commodities from coal to iron ore raced higher,
while strong imports also pointed to a pick-up in activity. Total
profits over the first two months of the year were $147bn, the
National Bureau of Statistics said in a statement. The profit
increase was mostly due to faster growth in prices of coal, steel
and crude oil, He Ping, a statistics bureau official, said in a note
accompanying the statement. The pace of earnings growth
picked up sharply from a 2.3% increase in December. (Reuters)
BOJ March meeting summary: Policy will remain easy for some
time – Bank of Japan board members said easy monetary policy
will be in place for some time because consumer price growth is
still distant from the central bank's 2% inflation target, a
summary of opinions from their March 15-16 meeting showed.
Bank of Japan board members said easy monetary policy will be
in place for some time because consumer price growth is still
distant from the central bank's 2% inflation target, a summary
of opinions from their March 15-16 meeting showed. At the
meeting, the BOJ kept policy on hold and Governor Haruhiko
Kuroda pushed back against speculation that the BOJ will raise
its target for the 10-year bond yield sometime this year.
(Reuters)
Japanese manufacturers brace for possible US import tax –
Japanese manufacturers are wary of a possible US border tax,
with just over half expecting profits to take a hit if the US put a
20% levy on imports, a Reuters poll showed. In response, they
are thinking of cutting costs, increasing production and
procurement in the US and raising US product prices, but those
steps would offset only some of the impact, the monthly
Reuters Corporate Survey found. The US is the top destination
for Japanese shipments. The House Republicans' proposal to tax
imports at 20% could hurt Japan's vital automobile, electronics
and other exporters. In the monthly survey, conducted March 7-
21 for Reuters by Nikkei Research, 51% of the 129
manufacturers that responded said earnings would be affected.
The ratio was highest among automotive-related firms, at 77%.
The figure is lower for Japanese companies overall, at 36% of
the 246 that participated in the survey, which includes service-
sector and other non-manufacturing firms that focus more on
the domestic economy. (Reuters)
Regional
OPEC, non-OPEC oil producers to look at extending oil-output
cut by six months – A joint committee of ministers from the
Organization of the Petroleum Exporting Countries (OPEC) and
non-OPEC oil producers has agreed to review whether a global
pact to limit supplies should be extended by six months. An
earlier draft of the statement had said the committee "reports
high level of conformity and recommends six-month
extension". But the final version said only that the committee
had requested a technical group and for the OPEC Secretariat to
"review the oil market conditions and revert in April, 2017
regarding the extension of the voluntary production
adjustments". Oil sector analysts said the lack of an immediate
extension could drag on crude prices. Harry Tchilinguirian,
Head of commodities strategy at BNP Paribas in London said,
“The dropping of the recommendation to extend cuts in favor of
technical review committee is likely to lead to a lot of
disappointment and potential further liquidation of long
positions by money managers that will put downward pressure
on oil prices.” (Reuters)
Saudi Arabian government won't issue domestic bonds for a
sixth successive month – According to Maal financial news
service, Saudi Arabia's government has decided to suspend its
monthly issue of domestic bonds in March, refraining from
issuing local currency bonds for a sixth month in a row. The
government did not want to crowd out private sector financing
at a time when national oil giant Saudi Aramco is preparing to
make its first issue of Riyal-denominated Sukuk. The
suspension of March domestic government bond issue is
possible because higher oil prices have improved government
revenues and the government's $17.5bn issue of international
conventional bonds last October was successful. (Bloomberg)
Goldman Sachs in talks for Saudi Arabia equities license –
According to sources, Goldman Sachs Group is in preliminary
talks for an equities license in Saudi Arabia as the US lender
seeks to take advantage of the country’s economic reforms. The
bank has yet to file a formal application. A Goldman Sachs
representative declined to comment. Goldman is following
banks including HSBC Holdings, Citigroup and Ashmore Group,
which already acquired equities licenses in the Kingdom after
the country opened to foreign investment in 2015. Saudi Arabia
is emerging as an attractive opportunity for international banks
as the Kingdom takes steps to overhaul its economy, including
plans for what could be the largest-ever initial public offering
with the listing of Saudi Arabian Oil Co. Goldman Sachs is one
of the banks that Aramco asked to pitch for an advisory role on
the listing. (Gulf-Times.com)
4. Page 4 of 5
UAE SMEs optimistic on business growth in 2017 – According
to a survey conducted by MEED, business owners of small- and
medium-sized enterprises (SME) in the UAE remain optimistic
about their growth prospects in 2017. Out of the 138 SMEs that
participated in the survey, 74 said they expect to grow their
business in 2017 by 10-50% compared with last year. Moreover,
23 business owners said they forecast their business to grow by
at least 20% compared to last year; while 15 entrepreneurs see a
more robust 50% increase in business against their performance
in 2016. (GulfBase.com)
UAE increases infrastructure expenditure in 2017 – The UAE is
expected to increase expenditure, primarily in areas of
infrastructure and developmental enterprises, which will reflect
positively on the government’s revenues. In a report published
by the Al-Bayan newspaper, Knight Frank, a leading
independent real estate consultancy, expected the UAE
business outlook in 2017 to be positive. Citing the current
preparations going at full tilt for EXPO 2020 Dubai, the report
said the current real estate and tourism investments are
expected to further consolidate and propel the economy to
further new heights, especially after the global oil prices
recovered some of the losses sustained over the past year.
(Bloomberg)
UAE International Investors Council discusses plans – The UAE
International Investors Council recently held its third general
assembly and a meeting of its board of directors to discuss a
range of issues and future plans. Sultan Bin Saeed Al Mansouri,
Minister of Economy and the Chairman of the board of directors
of the Council, highlighted the vital role of the council in
supporting Emirati companies investing in other countries. The
UAE International Investors Council serves as a link between
the council members and UAE government agencies to support
the national economy. The Council aims to join investment
efforts of UAE companies investing abroad under one umbrella
to form an investment power to remove obstacles, strengthen
foreign investment relations and support sustainable economic
development. (GulfBase.com)
Emaar Malls bids for Souq.com to challenge Amazon – Emaar
Malls has made a bid for Dubai online retailer Souq.com,
seeking to challenge an existing offer from online retail giant
Amazon. The unit of Emaar Properties offered about $800mn for
Souq.com, which includes a convertible deposit of $500mn.
Amazon restarted talks to acquire Souq.com in a deal valued at
as much as $650mn after walking away earlier in 2017.
(GulfBase.com)
Heavy industries major catalyst for economic growth in Abu
Dhabi – Heavy industries are among the major catalysts that
underpin the economy of Abu Dhabi, with the Emirate having
invested more than AED51bn over the past 15 years to
establish a robust industrial infrastructure for aluminum and
steel industries. Citing official figures of the Emirates Global
Aluminum (EGA) and Emirates Steel (ES) said that the
aluminum and steel industries have been rapidly growing in the
Emirate over the past few years, producing and exporting
hundreds of premium quality products to more than 50
countries all over the world. The EGA’s sales in 2016 hit
AED18bn, while ES' reached AED6.7bn. (Bloomberg)
NBK the first GCC bank to open branch in China – National
Bank of Kuwait (NBK) opened its new branch in People’s
Republic of China. NBK has previously set up a representative
office in Shanghai in 2005. The bank’s activities were limited to
non-operational activities such as client referral, information
gathering, and market research. Since then, NBK decided to
expand its presence in China through transforming its
representative office into a branch, becoming the first GCC
bank to launch a fully-fledged branch in China. This step
positions NBK to seize expansion opportunities and to reinforce
mutual investment cooperation between the MENA region and
China. (GulfBase.com)
5. Contacts
Saugata Sarkar Shahan Keushgerian Zaid al-Nafoosi, CMT, CFTe
Head of Research Senior Research Analyst Senior Research Analyst
Tel: (+974) 4476 6534 Tel: (+974) 4476 6509 Tel: (+974) 4476 6535
saugata.sarkar@qnbfs.com.qa shahan.keushgerian@qnbfs.com.qa zaid.alnafoosi@qnbfs.com.qa
Mohamed Abo Daff QNB Financial Services Co. W.L.L.
Senior Research Analyst Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6589 PO Box 24025
mohd.abodaff@qnbfs.com.qa Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services Co. W.L.L. (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (Q.P.S.C.). QNBFS is
regulated by the Qatar Financial Markets Authority and the Qatar Exchange. Qatar National Bank (Q.P.S.C.) is regulated by the Qatar Central Bank. This publication expresses the views and
opinions of QNBFS at a given time only. It is not an offer, promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or
financial advice. QNBFS accepts no liability whatsoever for any direct or indirect losses arising from use of this report. Any investment decision should depend on the individual circumstances of
the investor and be based on specifically engaged investment advice. We therefore strongly advise potential investors to seek independent professional advice before making any investment
decision. Although the information in this report has been obtained from sources that QNBFS believes to be reliable, we have not independently verified such information and it may not be
accurate or complete. QNBFS does not make any representations or warranties as to the accuracy and completeness of the information it may contain, and declines any liability in that respect.
For reports dealing with Technical Analysis, expressed opinions and/or recommendations may be different or contrary to the opinions/recommendations of QNBFS Fundamental Research as a
result of depending solely on the historical technical data (price and volume). QNBFS reserves the right to amend the views and opinions expressed in this publication at any time. It may also
express viewpoints or make investment decisions that differ significantly from, or even contradict, the views and opinions included in this report. This report may not be reproduced in whole or in
part without permission from QNBFS.
COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS.
Page 5 of 5
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
70.0
90.0
110.0
130.0
150.0
170.0
Feb-13 Feb-14 Feb-15 Feb-16 Feb-17
QSE Index S&P Pan Arab S&P GCC
(0.1%)
(0.3%)
(0.0%)
0.2%
0.3%
(0.7%)
0.2%
(1.0%)
(0.5%)
0.0%
0.5%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,243.45 (0.1) 1.2 7.9 MSCI World Index 1,845.81 0.0 (0.9) 5.4
Silver/Ounce 17.77 1.0 2.1 11.6 DJ Industrial 20,596.72 (0.3) (1.5) 4.2
Crude Oil (Brent)/Barrel (FM Future) 50.80 0.5 (1.9) (10.6) S&P 500 2,343.98 (0.1) (1.4) 4.7
Crude Oil (WTI)/Barrel (FM Future) 47.97 0.6 (1.7) (10.7) NASDAQ 100 5,828.74 0.2 (1.2) 8.3
Natural Gas (Henry Hub)/MMBtu 2.92 (0.5) 3.3 (20.7) STOXX 600 376.51 0.0 0.1 6.7
LPG Propane (Arab Gulf)/Ton 57.50 (1.7) (3.6) (20.3) DAX 12,064.27 0.4 0.3 7.6
LPG Butane (Arab Gulf)/Ton 61.50 (0.2) (1.6) (47.4) FTSE 100 7,336.82 (0.2) (0.4) 4.0
Euro 1.08 0.1 0.6 2.7 CAC 40 5,020.90 (0.0) 0.4 5.8
Yen 111.34 0.4 (1.2) (4.8) Nikkei 19,262.53 1.1 0.3 6.0
GBP 1.25 (0.4) 0.6 1.1 MSCI EM 969.13 0.1 0.4 12.4
CHF 1.01 0.2 0.7 2.8 SHANGHAI SE Composite 3,269.45 0.7 1.2 6.2
AUD 0.76 (0.1) (1.1) 5.8 HANG SENG 24,358.27 0.1 0.1 10.5
USD Index 99.63 (0.1) (0.7) (2.5) BSE SENSEX 29,421.40 0.3 (0.6) 14.8
RUB 56.93 (0.7) (0.4) (7.5) Bovespa 63,853.77 1.1 (1.1) 10.7
BRL 0.32 1.1 (0.6) 4.7 RTS 1,124.66 0.0 1.1 (2.4)
119.3
100.1
98.5