The QSE Index rose 1.3% to close at 8,934.4. Gains were led by the Banks & Financial
Services and Real Estate indices, gaining 2.3% and 2.0%, respectively.
QNBFS Daily Market Report August 12, 2018QNB Group
The QSE Index declined 0.7% to close at 9,886.9, led by losses in the Industrials and Insurance indices. The Group Islamic Insurance Company and Dlala Brokerage & Investment Holding Company were the top losers. Regional markets were also mostly lower, with Saudi Arabia down 0.4% and Dubai down 1.0%. Earnings reports from companies in Saudi Arabia, Dubai and Abu Dhabi showed mostly declines in revenue and profits compared to the previous year.
The QSE Index rose 0.7% to close at 9,325.2 led by gains in the Banks & Financial Services and Consumer Goods & Services indices. Top gainers were Doha Insurance Group and Mannai Corporation, rising 3.4% and 3.1% respectively. Volume of shares traded fell 58.3% compared to the previous day and 66.2% lower than the 30-day moving average. Regional indices were mixed with Saudi Arabia up 0.5% and Oman down 0.1%.
QNBFS Daily Market Report January 7, 2019QNB Group
The document summarizes daily market activity in Qatar, the GCC and regional indices. Specifically:
- The Qatar stock market rose marginally, led by gains in the insurance and real estate sectors.
- Saudi, Dubai and Abu Dhabi markets also rose, while Kuwait declined.
- News briefs highlight upcoming earnings reports in Qatar and real estate transaction growth. A new Qatar tax authority was also established.
The QSE Index rose 0.3% to close at 9,142.3, led by gains in the Transportation and Industrials indices. Doha Insurance Group and Qatari Investors Group were the top gainers while Dlala Brokerage & Investment Holding Company and Mannai Corporation were the top losers. Trading volume rose 75.3% compared to the previous day but was lower than the 30-day average. Meanwhile, industrial producers' earnings in Qatar grew double digits in May driven by higher prices for crude oil and other commodities.
- The QSE Index declined 0.6% led by declines in the Real Estate and Telecom indices. Mannai Corporation and Qatar Islamic Insurance Company fell 3.7% each.
- Saudi Arabia's TASI index rose 1.3% led by gains in the Energy and Materials indices. Dubai's DFM index fell 0.3% with declines in the Services and Real Estate indices.
- Ezdan Holding Group announced it will hold its EGM on July 23, with an alternate date of August 15 if quorum is not reached.
QNBFS Daily Market Report August 12, 2018QNB Group
The QSE Index declined 0.7% to close at 9,886.9, led by losses in the Industrials and Insurance indices. The Group Islamic Insurance Company and Dlala Brokerage & Investment Holding Company were the top losers. Regional markets were also mostly lower, with Saudi Arabia down 0.4% and Dubai down 1.0%. Earnings reports from companies in Saudi Arabia, Dubai and Abu Dhabi showed mostly declines in revenue and profits compared to the previous year.
The QSE Index rose 0.7% to close at 9,325.2 led by gains in the Banks & Financial Services and Consumer Goods & Services indices. Top gainers were Doha Insurance Group and Mannai Corporation, rising 3.4% and 3.1% respectively. Volume of shares traded fell 58.3% compared to the previous day and 66.2% lower than the 30-day moving average. Regional indices were mixed with Saudi Arabia up 0.5% and Oman down 0.1%.
QNBFS Daily Market Report January 7, 2019QNB Group
The document summarizes daily market activity in Qatar, the GCC and regional indices. Specifically:
- The Qatar stock market rose marginally, led by gains in the insurance and real estate sectors.
- Saudi, Dubai and Abu Dhabi markets also rose, while Kuwait declined.
- News briefs highlight upcoming earnings reports in Qatar and real estate transaction growth. A new Qatar tax authority was also established.
The QSE Index rose 0.3% to close at 9,142.3, led by gains in the Transportation and Industrials indices. Doha Insurance Group and Qatari Investors Group were the top gainers while Dlala Brokerage & Investment Holding Company and Mannai Corporation were the top losers. Trading volume rose 75.3% compared to the previous day but was lower than the 30-day average. Meanwhile, industrial producers' earnings in Qatar grew double digits in May driven by higher prices for crude oil and other commodities.
- The QSE Index declined 0.6% led by declines in the Real Estate and Telecom indices. Mannai Corporation and Qatar Islamic Insurance Company fell 3.7% each.
- Saudi Arabia's TASI index rose 1.3% led by gains in the Energy and Materials indices. Dubai's DFM index fell 0.3% with declines in the Services and Real Estate indices.
- Ezdan Holding Group announced it will hold its EGM on July 23, with an alternate date of August 15 if quorum is not reached.
QNBFS Daily Market Report August 7, 2018 QNB Group
The QSE Index in Qatar rose 0.4% led by gains in the real estate and insurance indices. Qatar Cinema & Film Distribution Company and Ezdan Holding Group were the top gainers rising 9.2% and 4.4% respectively. Regionally, stock markets in Abu Dhabi rose 1.6% and Oman rose 1.1% while Saudi Arabia fell 0.2% and Kuwait fell 0.1%.
The QE index in Qatar declined 0.5% led by losses in the real estate and transportation indices. Ezdan Holding Group and Dlala Brokerage were the top losers falling 9.9% and 9.6% respectively, while Mazaya Qatar Real Estate Development rose 3.7%. Trading volume on the Qatar exchange fell 49.4% compared to the previous day. Several banks in Qatar saw credit rating upgrades from Fitch with outlooks remaining stable.
QNBFS Daily Market Report December 12, 2017QNB Group
The QSE Index rose 1.2% to close at 7,923.1. Gains were led by the Real Estate and Banks & Financial Services indices, gaining 2.8% and 1.6%, respectively.
QNBFS Daily Market Report January 3, 2019QNB Group
- The QSE Index in Qatar declined 0.2% due to losses in the transportation and real estate indices. Mesaieed Petrochemical gained 10.0% while Mannai Corporation rose 5.2%.
-Indexes fell in other GCC markets as well, with Abu Dhabi down 1.0% and Saudi Arabia down 0.1%.
- In company news, Doha Insurance Group sold a property for a profit of QR33.8 million, and Gulf Warehousing Company will report 2018 earnings on January 16th.
QNBFS Daily Market Report November 17, 2021QNB Group
The QE Index rose 0.1% to close at 11,994.0 Gains were led by the Consumer Goods & Services and Real Estate indices, gaining 0.3% and 0.2%, respectively.
The QSE Index declined 0.5% led by declines in the Real Estate and Transportation indices. Ezdan Holding Group and Qatar Oman Investment Co. were the top losers. Most GCC indices rose, with Saudi Arabia up 0.7% and Kuwait up 1%. Moody's affirmed QNB Group's rating and changed the outlook to stable. Moody's also downgraded Qatar project finance and Qatar Petroleum ratings but maintained a stable outlook.
The QE index in Qatar declined 1.3% led by losses in the Insurance and Industrials indices. Ezdan Holding Group and Doha Insurance Co. were the top losers. Regional indices were mixed with Saudi Arabia and Bahrain rising marginally while Dubai, Abu Dhabi, Kuwait, and Oman fell. MSCI said it will cut the weightings of some major Qatar and UAE stocks as they may pose accessibility issues for international investors due to foreign ownership limits.
The QSE Index declined 0.2% led by losses in the Insurance and Transportation indices. Qatar General Insurance and Ahli Bank were the top losers falling 7.2% and 4.7% respectively, while Dlala' Brokerage rose 2.7% and Medicare Group rose 1.8%. Trading volume fell 47.7% compared to the previous day. Regional markets were mixed with Saudi and Oman rising while Kuwait and Bahrain fell. Earnings releases from regional companies showed revenue declines but some growth in net profits. News articles discussed plans to boost Qatar's cruise tourism industry and the view that Qatar's sovereign wealth fund and debt market access cushion the impact of lower oil prices on the economy.
QNBFS Daily Market Report November 06, 2017QNB Group
The QSE Index declined 0.2% to close at 8,126.9. Losses were led by the Consumer Goods & Services and Real Estate indices, falling 1.2% and 1.1%, respectively.
The QE index in Qatar declined slightly, led by losses in the transportation and banking indices. Widam Food and Qatar International Islamic Bank were the top losers. In other GCC markets, Saudi Arabia's index rose slightly while Dubai and Abu Dhabi fell. Regional company earnings and global economic indicators were also reported.
QNBFS Daily Market Report February 5, 2017QNB Group
The QSE Index declined 0.2% with losses led by the Telecom and Insurance indices. Ahli Bank and Aamal Co. were the top losers. Qatar Islamic Insurance Co. and Masraf Al Rayan were among the top gainers. Volume traded on the QSE fell by 25.5% compared to the previous day. Industries Qatar posted a 4Q2016 net profit of QR230mn, below estimates due to impairment charges, and reduced its dividend to QR4 per share.
The QSE Index in Qatar declined 0.5% led by declines in the Real Estate and Banks & Financial Services indices. Top losers were Qatar Industrial Manufacturing Co. and Medicare Group. Regional markets were also mostly lower except for Bahrain which gained 0.3%. News included Milaha launching a door-to-door shipping service between Qatar and UAE, RasGas recording the 5,000th cargo delivery from its Helium-2 plant, and Msheireb Properties and QDB planning to open investment opportunities for SMEs and entrepreneurs.
QNBFS Daily Market Report September 24, 2018QNB Group
The QSE Index rose marginally to close at 9,768.9, led by gains in the Banks & Financial Services and Insurance indices. Top gainers were Al Khaleej Takaful Insurance Company and Doha Bank, while top losers were Dlala Brokerage & Investment Holding Company and Gulf Warehousing Company. Trading activity fell compared to the previous day, with Mesaieed Petrochemical Holding Company and Vodafone Qatar being the most active stocks. Regional indices were mixed with Saudi Arabia, Bahrain, and Abu Dhabi rising while Dubai, Kuwait, Oman declined.
QNBFS Daily Market Report September 25, 2018QNB Group
The QSE Index declined 0.4% led by losses in the Insurance and Transportation indices. Qatar General Insurance and Qatar Insurance Company were the top losers falling 6.9% and 3.6% respectively. Meanwhile, Qatari Investors Group gained 1.6%. Trading volume rose 23% to 6.8mn shares traded. News articles discuss Qatar allocating QR20bn for infrastructure projects, its economy expected to grow 2.6% in 2018, and Hassad Food establishing a new subsidiary to provide marketing support to Qatar's agricultural sector.
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.
QNBFS Daily Market Report October 10, 2021QNB Group
The QE Index declined 0.6% to close at 11,535.2. Losses were led by the Industrials and Banks & Financial Services indices, falling 1.3% and 0.4%, respectively.
The Qatari stock market gained slightly, led by real estate and telecom stocks. Ezdan Holding and Islamic Holding were the top gainers, while Qatar Insurance fell the most. Other GCC markets were mixed, with Saudi Arabia and Kuwait rising slightly and Abu Dhabi and Dubai declining. Earnings news saw mixed results reported from companies in Qatar, Dubai, Abu Dhabi, Bahrain and Saudi Arabia. Qatar continued plans to expand in Southeast Asia and raised the foreign ownership limit for Commercial Bank of Qatar shares.
QNBFS Daily Market Report February 03, 2020QNB Group
The QE Index declined 0.8% to close at 10,362.0. Losses were led by the Consumer Goods & Services and Banks & Financial Services indices, falling 3.1% and 0.6%, respectively.
QNBFS Daily Market Report August 7, 2018 QNB Group
The QSE Index in Qatar rose 0.4% led by gains in the real estate and insurance indices. Qatar Cinema & Film Distribution Company and Ezdan Holding Group were the top gainers rising 9.2% and 4.4% respectively. Regionally, stock markets in Abu Dhabi rose 1.6% and Oman rose 1.1% while Saudi Arabia fell 0.2% and Kuwait fell 0.1%.
The QE index in Qatar declined 0.5% led by losses in the real estate and transportation indices. Ezdan Holding Group and Dlala Brokerage were the top losers falling 9.9% and 9.6% respectively, while Mazaya Qatar Real Estate Development rose 3.7%. Trading volume on the Qatar exchange fell 49.4% compared to the previous day. Several banks in Qatar saw credit rating upgrades from Fitch with outlooks remaining stable.
QNBFS Daily Market Report December 12, 2017QNB Group
The QSE Index rose 1.2% to close at 7,923.1. Gains were led by the Real Estate and Banks & Financial Services indices, gaining 2.8% and 1.6%, respectively.
QNBFS Daily Market Report January 3, 2019QNB Group
- The QSE Index in Qatar declined 0.2% due to losses in the transportation and real estate indices. Mesaieed Petrochemical gained 10.0% while Mannai Corporation rose 5.2%.
-Indexes fell in other GCC markets as well, with Abu Dhabi down 1.0% and Saudi Arabia down 0.1%.
- In company news, Doha Insurance Group sold a property for a profit of QR33.8 million, and Gulf Warehousing Company will report 2018 earnings on January 16th.
QNBFS Daily Market Report November 17, 2021QNB Group
The QE Index rose 0.1% to close at 11,994.0 Gains were led by the Consumer Goods & Services and Real Estate indices, gaining 0.3% and 0.2%, respectively.
The QSE Index declined 0.5% led by declines in the Real Estate and Transportation indices. Ezdan Holding Group and Qatar Oman Investment Co. were the top losers. Most GCC indices rose, with Saudi Arabia up 0.7% and Kuwait up 1%. Moody's affirmed QNB Group's rating and changed the outlook to stable. Moody's also downgraded Qatar project finance and Qatar Petroleum ratings but maintained a stable outlook.
The QE index in Qatar declined 1.3% led by losses in the Insurance and Industrials indices. Ezdan Holding Group and Doha Insurance Co. were the top losers. Regional indices were mixed with Saudi Arabia and Bahrain rising marginally while Dubai, Abu Dhabi, Kuwait, and Oman fell. MSCI said it will cut the weightings of some major Qatar and UAE stocks as they may pose accessibility issues for international investors due to foreign ownership limits.
The QSE Index declined 0.2% led by losses in the Insurance and Transportation indices. Qatar General Insurance and Ahli Bank were the top losers falling 7.2% and 4.7% respectively, while Dlala' Brokerage rose 2.7% and Medicare Group rose 1.8%. Trading volume fell 47.7% compared to the previous day. Regional markets were mixed with Saudi and Oman rising while Kuwait and Bahrain fell. Earnings releases from regional companies showed revenue declines but some growth in net profits. News articles discussed plans to boost Qatar's cruise tourism industry and the view that Qatar's sovereign wealth fund and debt market access cushion the impact of lower oil prices on the economy.
QNBFS Daily Market Report November 06, 2017QNB Group
The QSE Index declined 0.2% to close at 8,126.9. Losses were led by the Consumer Goods & Services and Real Estate indices, falling 1.2% and 1.1%, respectively.
The QE index in Qatar declined slightly, led by losses in the transportation and banking indices. Widam Food and Qatar International Islamic Bank were the top losers. In other GCC markets, Saudi Arabia's index rose slightly while Dubai and Abu Dhabi fell. Regional company earnings and global economic indicators were also reported.
QNBFS Daily Market Report February 5, 2017QNB Group
The QSE Index declined 0.2% with losses led by the Telecom and Insurance indices. Ahli Bank and Aamal Co. were the top losers. Qatar Islamic Insurance Co. and Masraf Al Rayan were among the top gainers. Volume traded on the QSE fell by 25.5% compared to the previous day. Industries Qatar posted a 4Q2016 net profit of QR230mn, below estimates due to impairment charges, and reduced its dividend to QR4 per share.
The QSE Index in Qatar declined 0.5% led by declines in the Real Estate and Banks & Financial Services indices. Top losers were Qatar Industrial Manufacturing Co. and Medicare Group. Regional markets were also mostly lower except for Bahrain which gained 0.3%. News included Milaha launching a door-to-door shipping service between Qatar and UAE, RasGas recording the 5,000th cargo delivery from its Helium-2 plant, and Msheireb Properties and QDB planning to open investment opportunities for SMEs and entrepreneurs.
QNBFS Daily Market Report September 24, 2018QNB Group
The QSE Index rose marginally to close at 9,768.9, led by gains in the Banks & Financial Services and Insurance indices. Top gainers were Al Khaleej Takaful Insurance Company and Doha Bank, while top losers were Dlala Brokerage & Investment Holding Company and Gulf Warehousing Company. Trading activity fell compared to the previous day, with Mesaieed Petrochemical Holding Company and Vodafone Qatar being the most active stocks. Regional indices were mixed with Saudi Arabia, Bahrain, and Abu Dhabi rising while Dubai, Kuwait, Oman declined.
QNBFS Daily Market Report September 25, 2018QNB Group
The QSE Index declined 0.4% led by losses in the Insurance and Transportation indices. Qatar General Insurance and Qatar Insurance Company were the top losers falling 6.9% and 3.6% respectively. Meanwhile, Qatari Investors Group gained 1.6%. Trading volume rose 23% to 6.8mn shares traded. News articles discuss Qatar allocating QR20bn for infrastructure projects, its economy expected to grow 2.6% in 2018, and Hassad Food establishing a new subsidiary to provide marketing support to Qatar's agricultural sector.
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.
QNBFS Daily Market Report October 10, 2021QNB Group
The QE Index declined 0.6% to close at 11,535.2. Losses were led by the Industrials and Banks & Financial Services indices, falling 1.3% and 0.4%, respectively.
The Qatari stock market gained slightly, led by real estate and telecom stocks. Ezdan Holding and Islamic Holding were the top gainers, while Qatar Insurance fell the most. Other GCC markets were mixed, with Saudi Arabia and Kuwait rising slightly and Abu Dhabi and Dubai declining. Earnings news saw mixed results reported from companies in Qatar, Dubai, Abu Dhabi, Bahrain and Saudi Arabia. Qatar continued plans to expand in Southeast Asia and raised the foreign ownership limit for Commercial Bank of Qatar shares.
QNBFS Daily Market Report February 03, 2020QNB Group
The QE Index declined 0.8% to close at 10,362.0. Losses were led by the Consumer Goods & Services and Banks & Financial Services indices, falling 3.1% and 0.6%, respectively.
- The QSE Index declined 0.8% led by losses in the Insurance and Real Estate indices. Qatar Insurance Company and Ezdan Holding Group were the top losers.
- Saudi markets also declined slightly while Dubai and Oman gained slightly. Losses were seen across sectors such as healthcare and media in Saudi Arabia.
- Earnings reports from companies such as Gulf International Services saw profits rise significantly year-over-year despite mixed results from other GCC insurers.
The QSE Index rose 0.5% led by gains in the Banks & Financial Services and Telecoms indices. National Leasing and Widam Food Co. were the top gainers rising 3.3% and 2.3% respectively, while Mannai Corp fell 3.5%. Regional indices were mixed with Abu Dhabi rising 0.4% and Oman up 0.2% while Saudi Arabia fell 0.1%, Dubai declined 0.3% and Kuwait dropped 0.6%. Earnings reports from Saudi companies showed revenue declines and mixed profit results. Global PMIs were mixed with improvements in the US and declines in the UK and Eurozone.
QNBFS Daily Market Report October 28, 2020QNB Group
The QE Index rose 0.5% to close at 9,853.2. Gains were led by the Telecoms and Banks & Financial Services indices, gaining 1.0% and 0.8%, 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 January 23, 2019QNB Group
The QSE Index declined 0.3% with losses in the Transportation and Consumer Goods & Services indices. Qatar Islamic Insurance Company and Qatar Oman Investment Company were the top losers. Al Khaleej Takaful Insurance Company gained 10.0% and was among the top gainers. Trading volume rose 4.3% compared to the previous day. Regionally, indices in Saudi Arabia and Dubai declined marginally while Abu Dhabi and Kuwait rose. Qatari shareholders were net sellers while non-Qatari shareholders were net buyers.
The QE Index in Qatar declined slightly, led by losses in the telecom and real estate sectors. Top losers were Mannai Corporation and Alijarah Holding. Regional markets were mixed, with Saudi Arabia and Oman gaining slightly while Bahrain declined marginally. Earnings reports from companies in Qatar, Saudi Arabia, and Oman were reported, with some beating estimates and others missing targets. Trading activity in Qatar fell compared to the previous day and 30-day average.
The QSE Index rose 1.2% led by gains in the Real Estate and Banks & Financial Services indices. Qatar General Insurance and Qatar Islamic Insurance were the top gainers rising 7% and 3.2% respectively. Regional markets were mixed with Saudi Arabia falling 0.7% while Dubai and Abu Dhabi rose 0.7% and 0.6% respectively. Vodafone Qatar was the most active stock on the QSE.
QNBFS Daily Market Report February 14, 2021QNB Group
The QE Index declined 0.1% to close at 10,522.8. The Industrials index fell 0.4%. Top losers were Medicare Group and Qatar Electricity & Water Company, falling 1.5% and 1.0%, respectively.
QNBFS Daily Market Report August 09, 2021QNB Group
- The QE Index in Qatar rose 0.4% led by gains in the real estate and industrial indices. Top gainers included Dlala Brokerage and Investment Holding Group.
- Regional indices were mixed with Abu Dhabi up 1.1% while Bahrain fell 0.2%. Saudi Arabia was closed for a holiday.
- Earnings reports saw profit increases at National Industrialization Co. and Dr. Sulaiman Al Habib Medical but losses for United Foods Company and Arkan Building Materials Co. Qatar Insurance Co. reported a profit versus a loss in the prior year period.
QNBFS Daily Market Report November 15, 2016tQNB Group
The QSE Index in Qatar declined 1.3% due to losses in the real estate and transportation indices. Islamic Holding Group and Qatar National Cement Co. were the top losers, falling 3.6% and 3.5% respectively. Trading volume fell 22.4% compared to the previous day. Regional indices also declined, with the UAE markets of Dubai and Abu Dhabi falling 0.9% and 1.2% respectively, and Saudi Arabia down 0.5%.
The QSE Index declined slightly by 0.1% led by losses in the real estate and insurance indices. Qatar General Insurance and Ahli Bank were the top losers falling 8.3% and 6.0% respectively. Zad Holding gained 10.0% while Qatar Islamic Insurance rose 7.5%. Trading volume rose by 37.1% but was lower than the 30-day average. The document also provides summaries of index movements and major stock movers in other GCC markets as well as global economic data and earnings releases.
The QSE Index declined marginally to close at 10,336.3, led by losses in the Transportation and Industrials indices. Top losers were Commercial Bank and Ahli Bank, falling 3.0% and 2.0% respectively. Top gainers included Vodafone Qatar and Dlala Brokerage & Investments Holding Co., rising 2.7% each. Regional markets were mixed with Saudi Arabia down 1.0% but Dubai up 0.9%. Volume on the QSE rose 37.2% despite being 6.5% lower than the 30-day average.
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.
Dr. Alyce Su Cover Story - China's Investment Leadermsthrill
In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.
New Visa Rules for Tourists and Students in Thailand | Amit Kakkar Easy VisaAmit Kakkar
Discover essential details about Thailand's recent visa policy changes, tailored for tourists and students. Amit Kakkar Easy Visa provides a comprehensive overview of new requirements, application processes, and tips to ensure a smooth transition for all travelers.
"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.
The Impact of Generative AI and 4th Industrial RevolutionPaolo Maresca
This infographic explores the transformative power of Generative AI, a key driver of the 4th Industrial Revolution. Discover how Generative AI is revolutionizing industries, accelerating innovation, and shaping the future of work.
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.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
Optimizing Net Interest Margin (NIM) in the Financial Sector (With Examples).pdfshruti1menon2
NIM is calculated as the difference between interest income earned and interest expenses paid, divided by interest-earning assets.
Importance: NIM serves as a critical measure of a financial institution's profitability and operational efficiency. It reflects how effectively the institution is utilizing its interest-earning assets to generate income while managing interest costs.
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
1. Page 1 of 6
QSE Intra-Day Movement
Qatar Commentary
The QSE Index rose 1.3% to close at 8,934.4. Gains were led by the Banks & Financial
Services and Real Estate indices, gaining 2.3% and 2.0%, respectively. Top gainers
were Ahli Bank and Ezdan Holding Group, rising 4.9% and 3.9%, respectively. Among
the top losers, Al Khaleej Takaful Insurance Company fell 4.3%, while Islamic
Holding Group was down 3.9%.
GCC Commentary
Saudi Arabia: The TASI Index rose 0.6% to close at 8,070.7. Gains were led by the
Real Estate Mgmt & Dev. and Banks indices, rising 1.2% and 1.0%, respectively.
National Gypsum Co. rose 9.7%, while Nama Chemicals Co. was up 8.1%.
Dubai: The DFM General Index gained 0.4% to close at 2,905.0. The Investment &
Fin. Services index rose 1.8%, while the Real Estate & Const. index gained 1.2%. Al
Salam Bank - Bahrain rose 3.8%, while Amlak Finance was up 3.4%.
Abu Dhabi: The ADX General index rose 0.5% to close at 4,446.8. The
Telecommunication index gained 2.2%, while the Real Estate index rose 1.5%.
Comm. Bank International gained 14.5%, while National Takaful Co. was up 14.3%.
Kuwait: The Kuwait Main Market Index rose 0.1% to close at 4,874.4. The Consumer
Services index gained 0.3%, while the Financial Services index rose 0.2%. Al Madar
Finance and Inv. Co. gained 25.1%, while Amwal International Inv. was up 12.4%.
Oman: The MSM 30 Index rose 0.1% to close at 4,689.7. Gains were led by the
Services and Industrial indices, rising 0.4% and 0.1%, respectively. National Gas
rose 4.6%, while Almaha Ceramics was up 3.9%.
Bahrain: The BHB Index gained 0.1% to close at 1,272.1. The Insurance index rose
2.9%, while the Services index gained 0.2%. Bahrain National Holding Company
rose 10.0%, while Zain Bahrain was up 5.6%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Ahli Bank 31.48 4.9 46.4 (15.2)
Ezdan Holding Group 9.50 3.9 208.9 (21.4)
QNB Group 149.89 3.4 283.7 19.0
Qatar Islamic Bank 105.40 3.2 79.3 8.7
Doha Insurance Group 12.50 3.1 0.3 (10.7)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Dlala Brokerage & Inv. Holding Co. 13.79 2.5 1,004.1 (6.2)
Mazaya Qatar Real Estate Dev. 6.89 (1.4) 778.2 (23.4)
Investment Holding Group 5.58 0.0 750.5 (8.5)
Qatar Oman Investment Company 7.24 2.1 604.8 (8.4)
Qatar First Bank 5.65 0.4 426.9 (13.5)
Market Indicators 14 May 18 13 May 18 %Chg.
Value Traded (QR mn) 213.3 184.8 15.4
Exch. Market Cap. (QR mn) 494,508.2 485,265.5 1.9
Volume (mn) 7.5 10.0 (25.4)
Number of Transactions 3,714 3,035 22.4
Companies Traded 43 43 0.0
Market Breadth 26:15 25:15 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 15,741.40 1.3 2.1 10.1 13.3
All Share Index 2,619.51 1.7 2.3 6.8 13.7
Banks 3,068.65 2.3 3.0 14.4 12.5
Industrials 3,057.82 1.9 2.7 16.7 16.1
Transportation 1,772.43 (0.6) (0.2) 0.3 11.2
Real Estate 1,720.26 2.0 3.2 (10.2) 15.0
Insurance 2,934.56 1.4 1.5 (15.7) 23.7
Telecoms 988.80 (0.8) (0.5) (10.0) 29.0
Consumer 5,770.01 1.0 0.2 16.3 12.5
Al Rayan Islamic Index 3,598.69 0.9 1.5 5.2 14.6
GCC Top Gainers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Al Ahli Bank of Kuwait Kuwait 0.34 5.9 2.8 16.9
QNB Group Qatar 149.89 3.4 283.7 19.0
Qatar Islamic Bank Qatar 105.40 3.2 79.3 8.7
Dubai Financial Market Dubai 1.00 3.1 11,502.9 (10.7)
Dar Al Arkan Real Estate Saudi Arabia 12.25 3.0 63,837.5 (14.9)
GCC Top Losers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Mobile Telecom. Co. Saudi Arabia 6.71 (2.9) 4,875.6 (8.2)
GFH Financial Group Dubai 1.42 (2.7) 24,793.6 (5.3)
Human Soft Holding Co. Kuwait 3.66 (2.2) 69.8 (2.1)
Emirates NBD Dubai 10.00 (2.0) 209.3 22.0
Qatar Navigation Qatar 55.00 (1.6) 4.2 (1.7)
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%
Al Khaleej Takaful Insurance Co. 11.00 (4.3) 6.9 (16.9)
Islamic Holding Group 29.30 (3.9) 15.6 (21.9)
Qatar General Ins. & Reins. Co. 48.00 (1.6) 3.0 (2.0)
Qatar Navigation 55.00 (1.6) 4.2 (1.7)
Mazaya Qatar Real Estate Dev. 6.89 (1.4) 778.2 (23.4)
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
QNB Group 149.89 3.4 42,037.7 19.0
Industries Qatar 115.74 2.7 31,723.0 19.3
Qatar Electricity & Water Co. 194.90 1.2 16,769.6 9.5
Dlala Brokerage & Inv. Holding 13.79 2.5 13,665.2 (6.2)
Masraf Al Rayan 34.30 0.2 12,865.7 (9.1)
Source: Bloomberg (* in QR)
Regional Indices Close 1D% WTD% MTD% YTD%
Exch. Val. Traded
($ mn)
Exchange Mkt.
Cap. ($ mn)
P/E** P/B**
Dividend
Yield
Qatar* 8,934.39 1.3 2.1 (1.9) 4.8 109.35 135,841.4 13.3 1.4 4.9
Dubai 2,905.03 0.4 0.8 (5.2) (13.8) 67.27 102,430.1 10.0 1.1 5.8
Abu Dhabi 4,446.81 0.5 0.2 (4.8) 1.1 21.01 123,093.1 11.9 1.3 5.4
Saudi Arabia 8,070.69 0.6 2.0 (1.7) 11.7 1,505.91 510,371.6 18.1 1.8 3.2
Kuwait 4,874.41 0.1 (0.2) 0.8 (2.5) 23.64 34,103.3 14.6 0.9 3.9
Oman 4,689.66 0.1 0.2 (0.8) (8.0) 7.98 19,590.6 11.8 1.0 5.1
Bahrain 1,272.07 0.1 0.1 1.1 (4.5) 3.72 19,861.5 8.3 0.8 6.4
Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Market and Dubai Financial Market (** TTM; * Value traded ($ mn) do not include special trades, if any)
8,800
8,850
8,900
8,950
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00
2. Page 2 of 6
Qatar Market Commentary
The QSE Index rose 1.3% to close at 8,934.4. The Banks & Financial
Services and Real Estate indices led the gains. The index rose on the
back of buying support from GCC and non-Qatari shareholders despite
selling pressure from Qatari shareholders.
Ahli Bank and Ezdan Holding Group were the top gainers, rising 4.9%
and 3.9%, respectively. Among the top losers, Al Khaleej Takaful
Insurance Company fell 4.3%, while Islamic Holding Group was down
3.9%.
Volume of shares traded on Monday fell by 25.4% to 7.5mn from 10.0mn
on Sunday. Further, as compared to the 30-day moving average of
10.4mn, volume for the day was 27.8% lower. Dlala Brokerage &
Investment Holding Company and Mazaya Qatar Real Estate
Development were the most active stocks, contributing 13.4% and
10.4% to the total volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Earnings Releases and Global Economic Data
Earnings Releases
Company Market Currency
Revenue (mn)
1Q2018
% Change
YoY
Operating Profit
(mn) 1Q2018
% Change
YoY
Net Profit
(mn) 1Q2018
% Change
YoY
Amlak Finance Dubai AED – – – – 5.9 5.5%
National General Insurance Co. Dubai AED 121.1 -33.2% – – 8.5 0.9%
Al Ramz Corporation Investment
and Development
Dubai AED – – – – 12.8 -16.5%
Emaar Development Dubai AED 3,265.2 95.1% – – 819.3 62.0%
United Foods Company Dubai AED 122.8 7.5% – – 5.5 -11.7%
Al Wathba National Insurance Co. Abu Dhabi AED 81.5 -5.4% – – 26.8 91.1%
Methaq Takaful Insurance Co. Abu Dhabi AED 118.2 54.3% – – 4.3 -22.9%
United Insurance Co. Abu Dhabi AED 29.7 3.1% – – -0.6 N/A
Al Dhafra Insurance Co. Abu Dhabi AED 98.8 -30.0% – – 16.2 82.0%
Dana Gas Abu Dhabi AED 440.0 1.9% – – 51.0 27.5%
Ras Al Khaimah Poultry and
Feeding Co.
Abu Dhabi AED 9.2 -28.2% – – 3.7 -20.0%
International Holdings Company Abu Dhabi AED 112.4 18.8% – – 9.5 -21.1%
Gulf Cement Co. Abu Dhabi AED 135.3 8.6% – – -2.9 N/A
Bahrain Ship Repairing &
Engineering Company
Bahrain BHD 2.1 -5.4% – – 0.8 -14.0%
Bahrain National Holding
Company
Bahrain BHD 9.1 22.0% – – 0.6 -68.1%
Delmon Poultry Company Bahrain BHD 3.6 -7.7% – – 0.3 165.9%
Bahrain Flour Mills Company Bahrain BHD 1.9 5.6% 0.1 10.1% 0.8 -58.5%
Solidarity Bahrain Bahrain BHD – – – – 0.6 122.4%
Arab Insurance Group Bahrain USD 169.1 -2.1% – – 0.5 3.5%
GFH Financial Group Bahrain USD – – – – 36.5 14.3%
Source: Company data, DFM, ADX, MSM, TASI, BHB.
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
05/14 Japan Bank of Japan PPI YoY April 2.0% 2.0% 2.1%
05/14 Japan Bank of Japan PPI MoM April 0.1% 0.1% -0.1%
05/14 India Press Information Bureau of India Wholesale Prices YoY April 3.2% 2.9% 2.5%
05/14 India India Central Statistical Organization CPI YoY April 4.6% 4.4% 4.3%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 38.61% 42.84% (9,023,411.51)
Qatari Institutions 14.34% 17.63% (7,020,927.22)
Qatari 52.95% 60.47% (16,044,338.73)
GCC Individuals 1.18% 1.25% (157,967.94)
GCC Institutions 5.41% 3.36% 4,375,143.86
GCC 6.59% 4.61% 4,217,175.92
Non-Qatari Individuals 11.70% 11.83% (284,968.49)
Non-Qatari Institutions 28.76% 23.08% 12,112,131.30
Non-Qatari 40.46% 34.91% 11,827,162.81
3. Page 3 of 6
News
Qatar
MSCI emerging markets index increases weight on several
Qatari companies – MSCI announced changes to its emerging
markets index (effective on market close of May 31, 2018). As
part of the review, Qatar as a whole will see an increase in its
weight as part of the review with pro forma weights at 0.79%,
up from 0.59% currently. QNB Group (QNBK) along with QIBK
and QEWS, will experience weight increases as well with QNBK
being the biggest beneficiary due to its almost doubling of
weight in the MSCI EM Pro Forma Index (0.34% from 0.18%).
On the other hand, as the market expected, QGTS will be
removed from the standard index and included in the small-cap
index. The result of the review should see significant foreign
cash inflows into Qatar as part of the rebalancing with street
estimates calling for ~$800mn in net inflows on
implementation date. (QNBFS Research)
KCBK announces the possible disposal of its subsidiary – Al
Khaliji France, fully owned subsidiary of Al Khalij Commercial
Bank (KCBK), currently engaging with interested third parties
in respect of a possible disposal of 100% of its shares.
Discussions are at a very preliminary stage and there is no
certainty that any transaction will be entered into. It is
proposed that any transaction would be effected by way of a
private offering. A further announcement will only be made if
there is a development which requires the disclosure of further
information under the applicable laws. (QSE)
Nakilat’s EGM approves proposed amendments to the Articles
of Association – Qatar Gas Transport Company Limited
(Nakilat) held its Extraordinary General Meeting (EGM) on May
13th, 2018. The EGM has approved all the proposed changes to
the Articles of the Association. (QSE)
Ooredoo announces date to pay profits to Sukuk holders –
Ooredoo announced that Ooredoo Tamweel Limited (OTL), its
wholly owned subsidiary, pursuant to the terms and conditions
of the notes and the final terms, will pay its Sukuk holders’
periodic payment on June 4, 2018. (QSE)
Total value of private investments in Qatar reaches QR26bn –
The combined value of private investments in Qatar reached
QR26bn, announced the Technical Committee for the
Encouragement and Participation of the Private Sector in
Economic Development Projects. Khamis Al Mohannadi, Head
of the Committee said that the private investments have
achieved the main objectives of the Ministerial Committee,
stressing that in the near future more initiatives, proposals and
projects will be announced. He said that the Committee is
currently preparing a database for the industrial sector in Qatar.
The first phase of the database will be completed within the
next six months. It will include the number of factories and
highlight the gap in certain industries. He pointed out that the
industrial data will provide the investors and the private sector
an idea about the sectors that need more investment. The
objective is to offer needful information that may help reduce
the risks involved. The database about the local market, on
which the businesses and individuals take their investment
decisions, is very important for both the Qatari industrialists as
well as the foreign investors. (Peninsula Qatar)
Qatari Incorporation looking at stake buys in Turkish
companies – Qatari Incorporation is increasingly looking at
acquiring Turkish companies with three Qatar-based firms
contemplating stake purchases in agriculture and light
industries. Among the top ten foreign direct investment (FDI)
in Turkey is the Qatar Investment Authority and BRF joint
venture’s 92% stake in the food and beverage entity Banvit for
$470mn. Qatar’s investment focus has initially been on
Turkey’s financial and real estate sectors; it is increasingly
turning into food security and agriculture. An investor may
execute an acquisition in Turkey either through acquisition of a
company or acquisition of a certain business. On the important
role that Turkey can play in supporting Qatar’s economic
Growth, Ahmed Abu-Sharkh, Country Senior Partner at KPMG
in Qatar said, “It is clear that the economic ties between Turkey
and Qatar are going from strength-to-strength, as the brotherly
countries continue to build on well-established trade
relationships. With Qatar’s economy on a clear upwards
trajectory, many businesses are looking overseas to bolster
growth and for ways to enhance their local operations and
Turkey’s economic and regulatory profile make the country an
ideal destination for both investment and trading.” (Gulf-
Times.com)
Qatari & Turkish firms to invest $5.2bn in petrochemical project
– Companies from Qatar and Turkey have joined hands to
invest over $5.2bn in an integrated petrochemicals complex and
energy projects to be built in Turkey, according to Turkish
Ambassador to Qatar, Fikret Ozer. The deal has been signed
between Metcap Energy Investments of Turkey and Fusion
Dynamics of Qatar, which will be investing about $5.2bn in a
50-50 joint venture in Turkey’s energy and petrochemical
industry, the Turkish envoy said on the sidelines of a seminar
on ‘Qatar-Turkey Trade and Investment Opportunities’, hosted
by KPMG. The petrochemicals project, with an investment of
$4bn, will be built in the Thrace Basin of Turkey with an annual
capacity of producing 2.6 million tons of methanol and one
million tons of light olefins for conversion to 400,000 tons of
polyethylene and 600,000 tons of polypropylene. The upcoming
project, said the Turkish Ambassador, will meet nearly half of
the country’s demand for raw materials that find use in plastics
and other related industries. (Peninsula Qatar)
Ooredoo becomes world’s first operator to launch live 5G
network – Ooredoo has become the first operator in the world to
launch a live 5G network on the 3.5GHz spectrum band.
Ooredoo’s 5G network is the first commercially available 5G
network in the world and is an important technological
breakthrough for the telecommunications industry worldwide.
(Gulf-Times.com)
Fitch: Less funding pressure at Qatari Islamic banks than
conventional peers – Qatari Islamic banks have less foreign
funding and typically higher retail deposits than their
conventional peers and are therefore less at risk of deposit
flight, according to Fitch Ratings (Fitch). Nevertheless,
liquidity pressures remain as for all Qatari banks due to the
financial and economic sanctions on Qatar as well as higher
funding costs. Islamic banks made up 23% of sector assets at
end-2017. Qatari Islamic banks typically have better asset-
4. Page 4 of 6
quality metrics than their conventional peers. However, the
deterioration in metrics has been more pronounced due to
pressure on the contracting and real-estate sectors, in which
Islamic banks are concentrated, and to high single-name
concentration. Reserve coverage is also weaker for Islamic
banks. The average financing impairment charges-to-gross
financing ratio remains below conventional banks due to
specific asset-quality issues in a small number of conventional
banks. Islamic banks’ profitability metrics are mildly weaker
than their conventional peers due to lower returns on non-
financing assets. Nevertheless, the main difference in the
operating profit/risk-weighted assets (RWAs) ratio is QNB
Group pulling up the conventional banks due to its strong
metrics and lower RWAs. Rising rates and the political dispute
resulted in increased funding costs in 2017, continuing pressure
on profitability metrics. (Bloomberg)
Qatar’s reforms can mitigate challenges arising from property
sector – The lending growth in Qatar property market was more
than 8% in first quarter 2018. Recently Qatar Cabinet has given
its nod to a draft law on the regulation of ownership and usage
of properties by non-Qataris in the country. Under the terms of
the draft law, non-Qataris may own and use properties in Qatar
in accordance with conditions specified by a decision of the
Cabinet and based on suggestions of the commission for
regulating non-Qatari ownership and use of real estate. The
provisions of the draft law are applicable to land space,
buildings and residential units, as well as certain units in
residential complexes. To attract greater tourism to Qatar,
major investment will be required in developing tourist
attractions, and bring successful initiatives such as Shop Qatar
and the Summer Festival. The retail market witnessed launch
of B Square Mall in Al Thumama in 2017, which combines retail
units with extensive entertainment and leisure provisions.
(Gulf-Times.com)
Qatar, Somalia to enhance relations – HH the Amir Sheikh
Tamim Bin Hamad Al Thani and the President of Somalia,
Mohamed Abdullahi Farmajo, discussed ways to enhance
bilateral cooperation as well as developments on the Somali
front, in addition to regional and international issues of
common concern. At the outset of the talks held at the Amiri
Diwan, the Amir welcomed the Somali president, stressing that
the meeting will help in boosting the existing ties between the
two countries in all fields and that Qatar will continue to
support Somalia as well as efforts of the president to overcome
the different challenges and difficulties that he faces, wishing
security and stability for his country. (Gulf-Times.com)
International
IMF presses German government to invest more to reduce trade
surplus – The International Monetary Fund (IMF) stepped up
pressure on Chancellor Angela Merkel’s government to help
reduce Germany’s high trade surplus by further increasing its
public investment. Germany should also consider pension
reforms to lengthen working lives, mitigating the need for
workers to save so much for retirement and lower the risks of
old-age poverty, the Fund stated. The IMF and the European
Commission have long urged Germany to boost domestic
demand by lifting wages and investment to reduce what they
call global economic imbalances. (Reuters)
Greek January-April government primary budget surplus beats
target – Greece’s central government attained a primary budget
surplus of 2.334bn Euros in the first four months of the year,
well above its target thanks to higher tax revenues and lower
spending, finance ministry data showed. The government was
targeting a primary budget surplus, which excludes debt-
servicing costs, of 374mn Euros for the January-to-April period,
meaning the surplus outperformed the target by 1.96bn Euros.
The central government surplus excludes the budgets of social
security organizations and local administration. (Reuters)
China April industrial output up 7.0%, tops forecasts;
investment, retail sales miss – China’s industrial output grew
7.0% in April from a year earlier, much more than expected, but
fixed-asset investment growth slowed to 7.0% in the first four
months, below forecasts, official data showed. Analysts polled
by Reuters had predicted industrial output growth would rise to
6.3%, bouncing back from a softer-than-expected 6.0% reading
in March. Investment growth had been expected to ease only
slightly to 7.4% in the first four months from the same period a
year earlier, compared with 7.5% in January-March. Private
sector fixed-asset investment rose 8.4% in January-April,
slowing from growth of 8.9% in the first three months. Private
investment accounts for about 60% of overall investment in
China. Retail sales rose 9.4% in April from a year earlier,
missing expectations of an increase of 10.0%, compared with a
rise of 10.1% in March. China’s economy grew at a slightly
faster-than-expected pace of 6.8% in the first quarter, well
above Beijing’s target of around 6.5% for the full-year.
However, economists have stuck by forecasts that its
momentum will cool later in the year, even if Beijing and
Washington can reach a compromise in their heated trade
dispute. (Reuters)
India’s WPI inflation accelerates to 3.18% in April – India’s
annual wholesale price inflation accelerated in April, helped by
higher fuel and food product prices, government data showed.
Annual wholesale price inflation last month rose to 3.18% from
a year earlier, higher than 2.47% rise in March, and an increase
of 2.86% forecast by economists in a Reuters poll. Wholesale
food prices in April rose 0.67% YoY, compared with a fall of
0.07% a month earlier. (Reuters)
Regional
With oil glut almost gone, OPEC still cuts more than oil pact
demands – A global oil glut has been virtually eliminated due to
an OPEC-led pact to cut supplies that has been in place since
January 2017 and due to rising global demand. Despite this,
OPEC’s latest report noted that producers were cutting more
than required under the deal. Saudi Arabia said it cut output in
April to its lowest level since the supply deal began in January
2017. (Gulf-Times.com)
Saudi Arabia’s public finances to stabilize this year as deficit
falls – Saudi Arabia’s public finances are expected to remain
solid with a gradual reduction in the fiscal deficit in 2018,
economists said. Saudi Arabia’s fiscal deficit widened in 1Q2018
to $9.2bn from $7bn in 1Q2017. Fiscal data for 1Q2018 showed
the deficit widening by 31% YoY, despite a healthy 15.4%
increase in government revenue in the quarter, largely driven
by non-oil government income from the implementation of
5. Page 5 of 6
value-added tax (VAT), excise duties and various other
government fees. (GulfBase.com)
Dar Al Arkan launches phase two of $2.7bn project – Dar Al-
Arkan Real Estate Development Company (Dar Al Arkan)
launched the second phase of $2.7bn project in Riyadh that
features villas with interior designs by Italian fashion house
Roberto Cavalli. The Shams Al Riyadh project, one of the firm’s
major mixed-use developments in the capital, points to a
revival in the Kingdom’s real estate sector which was hit hard
in recent years as low oil prices squeezed state spending on new
projects and pushed the government to delay payments to
contractors. (Reuters)
UAE exports to Japan up by 20% at AED22.68bn – UAE exports
to Japan rose by 20% to AED22.68bn in 1Q2018, up from
AED18.9bn in the corresponding period last year. According to
the data of the Japan External Trade Organization (JETRO), the
total value of trade between the two countries grew by around
13.5% to AED30.28bn in 1Q2018, up from AED26.7bn in
1Q2017. The UAE’s imports from Japan fell by around 2.4% to
AED7.6bn in cent, down from AED3.67bn in 1Q2017.
(GulfBase.com)
INVESTB’s net profit narrows to AED64.7mn in 1Q2018 –
Invest Bank (INVESTB) recorded net profit of AED64.7mn in
1Q2018 as compared to AED89.7mn in 1Q2017. Net interest
income came in at AED121.7mn as compared to AED124.0mn in
1Q2017. Total operating income came in at AED177.7mn as
compared to AED177.8mn in 1Q2017. Total assets stood at
AED17.51bn at the end of March 31, 2018 as compared to
AED16.95bn at the end of December 31, 2017. Loans and
advances to customers stood at AED12.27bn, while customers’
deposits stood at AED14.42bn at the end of March 31, 2018. EPS
came in at AED0.04 in FY2017 as compared to AED0.06 in
FY2016. (ADX)
Oman’s inflation rises by 0.58% in April – The inflation rate in
Oman rose marginally by 0.58% in April 2018, over the same
period in 2017, according to National Centre for Statistics and
Information (NCSI). The marginal increase in inflation was
driven by a rise in cost of major segments such as education
which rose 4.90%, rise in transport cost by 2.47% and
furnishing & household equipment with a rise of 1.27% in April
2018, over the same period of last year. However, foods and
non-alcoholic beverages group witnessed a marginal 0.72% fall
in April this year, compared to the same period of last year,
showed NCSI data. (GulfBase.com)
Total set to develop natural gas resources in Oman – French
energy group, Total signed a memorandum of understanding
with the government of Oman to develop natural gas resources
in Oman. “Total and Shell as operator will develop several
natural gas discoveries located in the Greater Barik area on
onshore Block 6 with respective shares of 25% and 75%,” Total
stated. The project is expected to have initial production of
around 500mn cubic feet of gas per day, rising to a potential of
1bn cubic feet of gas per day. (Gulf-Times.com)
SALAM’s net profit rises to BHD5.4mn in 1Q2018 – Al Salam
Bank-Bahrain (SALAM) recorded net profit of BHD5.4mn in
1Q2018 as compared to BHD4.9mn in 1Q2017. Income from
financing assets came in at BHD12.0mn as compared to
BHD10.8mn in 1Q2017. Total operating income came in at
BHD16.8mn as compared to BHD15.2mn in 1Q2017. Total
assets stood at BHD1.62bn at the end of March 31, 2018 as
compared to BHD1.59bn at the end of December 31, 2017.
Financing assets stood at BHD744.78mn, while placements
from customers stood at BHD605.28mn at the end of March 31,
2018. EPS came in at BHD0.003 in 1Q2018 as compared to
BHD0.002 in 1Q2017. (Bahrain Bourse)
6. Contacts
Saugata Sarkar, CFA, CAIA Shahan Keushgerian Zaid al-Nafoosi, CMT, CFTe
Head of Research Senior Research Analyst Senior Research Analyst
Tel: (+974) 4476 6534 Tel: (+974) 4476 6509 Tel: (+974) 4476 6535
saugata.sarkar@qnbfs.com.qa shahan.keushgerian@qnbfs.com.qa zaid.alnafoosi@qnbfs.com.qa
Mohamed Abo Daff QNB Financial Services Co. W.L.L.
Senior Research Analyst Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6589 PO Box 24025
mohd.abodaff@qnbfs.com.qa Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services Co. W.L.L. (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (Q.P.S.C.). QNBFS is
regulated by the Qatar Financial Markets Authority and the Qatar Exchange. Qatar National Bank (Q.P.S.C.) is regulated by the Qatar Central Bank. This publication expresses the views and
opinions of QNBFS at a given time only. It is not an offer, promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or
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 6 of 6
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
60.0
80.0
100.0
120.0
140.0
Apr-14 Apr-15 Apr-16 Apr-17 Apr-18
QSE Index S&P Pan Arab S&P GCC
0.6%
1.3%
0.1% 0.1% 0.1%
0.5% 0.4%
0.0%
0.5%
1.0%
1.5%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,313.50 (0.4) (0.4) 0.8 MSCI World Index 2,136.09 0.2 0.2 1.6
Silver/Ounce 16.52 (0.9) (0.9) (2.5) DJ Industrial 24,899.41 0.3 0.3 0.7
Crude Oil (Brent)/Barrel (FM Future) 78.23 1.4 1.4 17.0 S&P 500 2,730.13 0.1 0.1 2.1
Crude Oil (WTI)/Barrel (FM Future) 70.96 0.4 0.4 17.4 NASDAQ 100 7,411.32 0.1 0.1 7.4
Natural Gas (Henry Hub)/MMBtu 2.84 3.9 3.9 (19.8) STOXX 600 392.19 0.1 0.1 0.4
LPG Propane (Arab Gulf)/Ton 90.50 2.7 2.7 (8.6) DAX 12,977.71 (0.0) (0.0) 0.1
LPG Butane (Arab Gulf)/Ton 89.88 2.4 2.4 (17.2) FTSE 100 7,710.98 0.1 0.1 0.7
Euro 1.19 (0.1) (0.1) (0.6) CAC 40 5,540.68 0.1 0.1 3.9
Yen 109.66 0.2 0.2 (2.7) Nikkei 22,865.86 0.3 0.3 3.3
GBP 1.36 0.1 0.1 0.3 MSCI EM 1,168.90 0.4 0.4 0.9
CHF 1.00 (0.0) (0.0) (2.6) SHANGHAI SE Composite 3,174.03 0.3 0.3 (1.5)
AUD 0.75 (0.2) (0.2) (3.6) HANG SENG 31,541.08 1.4 1.4 4.9
USD Index 92.59 0.1 0.1 0.5 BSE SENSEX 35,556.71 (0.3) (0.3) (1.4)
RUB 61.85 (0.2) (0.2) 7.3 Bovespa 85,232.19 (1.1) (1.1) 1.5
BRL 0.28 (0.6) (0.6) (8.5) RTS 1,202.56 0.7 0.7 4.2
83.2
82.3
75.0