QNBFS Daily Market Report December 24, 2023QNB Group
The QE Index rose 0.8% to close at 10,285.3. Gains were led by the Transportation and Banks & Financial Services indices, gaining 1.4% and 1.2%, respectively.
QNBFS Daily Market Report 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.
QNBFS Daily Technical Trader Qatar - September 06, 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 - August 23, 2023 التحليل الفني اليومي لبو...QNB Group
The QE General Index is
currently at our expected
support level seen at almost
overlapping 50-day SMA and
100-day SMA. Close below
support should promptly
retrace prices back to July Lows
of 9,694.
QNBFS Daily Technical Trader Qatar - August 21, 2023 التحليل الفني اليومي لبو...QNB Group
The document provides a daily technical analysis and overview of the QE Index and two Qatari stocks, Inma Holding and Baladna. For the QE Index, it notes a bullish bias as support levels around the moving averages are holding. It provides expected resistance and support price levels. For Inma Holding, it analyzes a potential breakout from a descending triangle pattern and provides expected price targets. Key technical terms like moving averages, support and resistance levels, and candlestick patterns are defined.
QNBFS Daily Technical Trader Qatar - August 14, 2023 التحليل الفني اليومي لبو...QNB Group
The document provides a daily technical analysis and overview of the QE Index and Mesai'eed Petrochemical stock on the Qatar stock exchange. For the QE Index, it notes a bullish reversal pattern has formed and expects higher volatility around current levels. For Mesai'eed Petrochemical, it remains optimistic and sees positive divergence in oscillator movement versus price action. Target prices and key resistance/support levels are provided for both. Technical definitions and indicators mentioned in the analysis are also defined.
QNBFS Daily Technical Trader Qatar - August 02, 2023 التحليل الفني اليومي لبو...QNB Group
The document provides a daily technical analysis and overview of the Qatar stock market index and two stocks - Commercial Bank and an unnamed stock. For the index, it notes a double bottom bullish reversal pattern has formed and expects higher volatility around current levels. It also provides resistance and support price levels to watch. For Commercial Bank, it notes the stock reached a strong resistance level and a breakout above current prices is needed for the stock to continue rising. Target prices and support/resistance levels are given. Definitions of technical analysis terms used like candlesticks, support, resistance and indicators like moving averages are also provided.
ITES KPO BPO IT sector in the country has increased at an incredible rate o...yashwanthkumar517728
ites KPO and BPO,IT sector in the country has increased at an incredible rate of 35% per year for the last 10 years reinforces the view that India is world class in IT
The IT sector is one of the largest employers of women, and therefore, can play a crucial role in women empowerment and the reduction of gender inequalities.
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.
QNBFS Daily Technical Trader Qatar - September 06, 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 - August 23, 2023 التحليل الفني اليومي لبو...QNB Group
The QE General Index is
currently at our expected
support level seen at almost
overlapping 50-day SMA and
100-day SMA. Close below
support should promptly
retrace prices back to July Lows
of 9,694.
QNBFS Daily Technical Trader Qatar - August 21, 2023 التحليل الفني اليومي لبو...QNB Group
The document provides a daily technical analysis and overview of the QE Index and two Qatari stocks, Inma Holding and Baladna. For the QE Index, it notes a bullish bias as support levels around the moving averages are holding. It provides expected resistance and support price levels. For Inma Holding, it analyzes a potential breakout from a descending triangle pattern and provides expected price targets. Key technical terms like moving averages, support and resistance levels, and candlestick patterns are defined.
QNBFS Daily Technical Trader Qatar - August 14, 2023 التحليل الفني اليومي لبو...QNB Group
The document provides a daily technical analysis and overview of the QE Index and Mesai'eed Petrochemical stock on the Qatar stock exchange. For the QE Index, it notes a bullish reversal pattern has formed and expects higher volatility around current levels. For Mesai'eed Petrochemical, it remains optimistic and sees positive divergence in oscillator movement versus price action. Target prices and key resistance/support levels are provided for both. Technical definitions and indicators mentioned in the analysis are also defined.
QNBFS Daily Technical Trader Qatar - August 02, 2023 التحليل الفني اليومي لبو...QNB Group
The document provides a daily technical analysis and overview of the Qatar stock market index and two stocks - Commercial Bank and an unnamed stock. For the index, it notes a double bottom bullish reversal pattern has formed and expects higher volatility around current levels. It also provides resistance and support price levels to watch. For Commercial Bank, it notes the stock reached a strong resistance level and a breakout above current prices is needed for the stock to continue rising. Target prices and support/resistance levels are given. Definitions of technical analysis terms used like candlesticks, support, resistance and indicators like moving averages are also provided.
ITES KPO BPO IT sector in the country has increased at an incredible rate o...yashwanthkumar517728
ites KPO and BPO,IT sector in the country has increased at an incredible rate of 35% per year for the last 10 years reinforces the view that India is world class in IT
The IT sector is one of the largest employers of women, and therefore, can play a crucial role in women empowerment and the reduction of gender inequalities.
Monthly Market Risk Update: June 2024 [SlideShare]Commonwealth
Markets rallied in May, with all three major U.S. equity indices up for the month, said Sam Millette, director of fixed income, in his latest Market Risk Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
“Amidst Tempered Optimism” Main economic trends in May 2024 based on the results of the New Monthly Enterprises Survey, #NRES
On 12 June 2024 the Institute for Economic Research and Policy Consulting (IER) held an online event “Economic Trends from a Business Perspective (May 2024)”.
During the event, the results of the 25-th monthly survey of business executives “Ukrainian Business during the war”, which was conducted in May 2024, were presented.
The field stage of the 25-th wave lasted from May 20 to May 31, 2024. In May, 532 companies were surveyed.
The enterprise managers compared the work results in May 2024 with April, assessed the indicators at the time of the survey (May 2024), and gave forecasts for the next two, three, or six months, depending on the question. In certain issues (where indicated), the work results were compared with the pre-war period (before February 24, 2022).
✅ More survey results in the presentation.
✅ Video presentation: https://youtu.be/4ZvsSKd1MzE
KYC Compliance: A Cornerstone of Global Crypto Regulatory FrameworksAny kyc Account
This presentation explores the pivotal role of KYC compliance in shaping and enforcing global regulations within the dynamic landscape of cryptocurrencies. Dive into the intricate connection between KYC practices and the evolving legal frameworks governing the crypto industry.
13 Jun 24 ILC Retirement Income Summit - slides.pptxILC- UK
ILC's Retirement Income Summit was hosted by M&G and supported by Canada Life. The event brought together key policymakers, influencers and experts to help identify policy priorities for the next Government and ensure more of us have access to a decent income in retirement.
Contributors included:
Jo Blanden, Professor in Economics, University of Surrey
Clive Bolton, CEO, Life Insurance M&G Plc
Jim Boyd, CEO, Equity Release Council
Molly Broome, Economist, Resolution Foundation
Nida Broughton, Co-Director of Economic Policy, Behavioural Insights Team
Jonathan Cribb, Associate Director and Head of Retirement, Savings, and Ageing, Institute for Fiscal Studies
Joanna Elson CBE, Chief Executive Officer, Independent Age
Tom Evans, Managing Director of Retirement, Canada Life
Steve Groves, Chair, Key Retirement Group
Tish Hanifan, Founder and Joint Chair of the Society of Later life Advisers
Sue Lewis, ILC Trustee
Siobhan Lough, Senior Consultant, Hymans Robertson
Mick McAteer, Co-Director, The Financial Inclusion Centre
Stuart McDonald MBE, Head of Longevity and Democratic Insights, LCP
Anusha Mittal, Managing Director, Individual Life and Pensions, M&G Life
Shelley Morris, Senior Project Manager, Living Pension, Living Wage Foundation
Sarah O'Grady, Journalist
Will Sherlock, Head of External Relations, M&G Plc
Daniela Silcock, Head of Policy Research, Pensions Policy Institute
David Sinclair, Chief Executive, ILC
Jordi Skilbeck, Senior Policy Advisor, Pensions and Lifetime Savings Association
Rt Hon Sir Stephen Timms, former Chair, Work & Pensions Committee
Nigel Waterson, ILC Trustee
Jackie Wells, Strategy and Policy Consultant, ILC Strategic Advisory Board
Navigating Your Financial Future: Comprehensive Planning with Mike Baumannmikebaumannfinancial
Learn how financial planner Mike Baumann helps individuals and families articulate their financial aspirations and develop tailored plans. This presentation delves into budgeting, investment strategies, retirement planning, tax optimization, and the importance of ongoing plan adjustments.
1. `
Page 1 of 6
Market Review and Outlook QSE Index and Volume
The Qatar Stock Exchange (QSE) Index declined 97.48 points, or
0.99% during the week to close at 9,716.48. Market capitalization
decreased by 0.3% to QR526.7 billion (bn) versus QR528.1bn at
the end of the previous week. Of the 44 listed companies, 10
companies ended the week higher, while 33 fell and only 1
remained unchanged. Gulf International Services (GISS) was the
best performing stock for the week with a gain of 5.6% on 3.8
million (mn) shares traded. On the other hand, Qatar Cinema &
Film Distribution Co. (QCFS) was the worst performing stock
with a decline of 7.1% on 2,090 shares traded only.
Ezdan Holding Group (ERES), Qatar Insurance Co. (QATI) and
Industries Qatar (IQCD) were the primary contributors to the
weekly index decline. ERES was the biggest contributor to the
index’s weekly drop, shedding 39.5 points from the index. QATI
was the second biggest contributor to the decline, erasing 13.7
points from the index. Moreover, IQCD deleted 11.1 points from
the index. On the other hand, GISS contributed positively to the
index, adding 11.5 points to the index.
Trading value during the week decreased by 40.5% to reach
QR794.3mn versus QR1.34bn in the prior week. The Industrials
sector led the trading value during the week, accounting for
35.2% of the total trading value. The Banks and Financial Services
sector was the second biggest contributor to the overall trading
value, accounting for 25.8% of the total trading value. GISS was
the top value traded stock during the week with total traded
value of QR145.8mn.
Trading volume decreased by 48.9% to reach 22.0mn shares
versus 43.0mn shares in the prior week. The number of
transactions decreased by 28.0% to reach 16,217 transactions
versus 22,522 transactions in the prior week. The Industrials
sector led the trading volume, accounting for 28.1%, followed by
the Banks and Financial Services sector, which accounted for
26.7% of the overall trading volume. GISS was also the top
volume traded stock during the week with total traded volume of
3.8mn shares.
Foreign institutions remained bullish during the week with net
buying of QR3.7mn vs. net buying of QR80.9mn in the prior week.
Qatari institutions remained bearish with net selling of
QR17.5mn vs. net selling of QR85.8mn the week before. Foreign
retail investors remained bearish for the week with net selling of
QR2.8mn vs. net selling of QR2.5mn in the prior week. Qatari
retail investors remained bullish with net buying of QR16.6mn vs.
net buying of QR7.4mn the week before. In 2016 YTD, foreign
institutions bought (on a net basis) ~$403mn worth of Qatari
equities.
Market Indicators
Week ended May
26 , 2016
Week ended May
19 , 2016
Chg. %
Value Traded (QR mn) 794.3 1,335.3 (40.5)
Exch. Market Cap. (QR mn) 526,709.9 528,072.8 (0.3)
Volume (mn) 22.0 43.0 (48.9)
Number of Transactions 16,217 22,522 (28.0)
Companies Traded 44 44 0.0
Market Breadth 10:33 12:30 –
Market Indices Close WTD% MTD% YTD%
Total Return 15,720.62 (1.0) (4.6) (3.0)
ALL Share Index 2,719.95 (0.9) (4.3) (2.0)
Banks and Financial Services 2,623.83 (0.3) (4.2) (6.5)
Industrials 3,060.07 (0.3) (2.9) (4.0)
Transportation 2,482.44 (1.0) (2.2) 2.1
Real Estate 2,369.64 (2.6) (7.1) 1.6
Insurance 4,108.87 (2.0) (5.4) 1.9
Telecoms 1,083.37 (1.6) (6.8) 9.8
Consumer Goods & Services 6,521.04 (0.3) (0.2) 8.7
Al Rayan Islamic Index 3,809.38 (1.3) (3.9) (1.2)
Market Indices
Weekly Index Performance
Regional Indices Close WTD% MTD% YTD%
Weekly Exchange
Traded Value ($ mn)
Exchange Mkt.
Cap. ($ mn)
TTM P/E** P/B** Dividend Yield
Qatar (QSE)* 9,716.48 (1.0) (4.6) (6.8) 218.14 144,634.5 13.4 1.5 4.2
Dubai 3,351.00 3.8 (4.0) 6.3 509.78 88,853.5# 11.2 1.2 4.3
Abu Dhabi 4,283.49 1.1 (5.7) (0.6) 148.08 120,302.9 11.3 1.4 5.7
Saudi Arabia# 6,516.49 (2.7) (4.3) (5.7) 6,272.48 398,663.25 15.0 1.5 3.8
Kuwait 5,396.67 1.4 0.1 (3.9) 191.88 80,826.3 17.4 1.0 4.3
Oman 5,914.62 (0.3) (0.5) 9.4 36.67 23,417.6 11.2 1.3 4.3
Bahrain 1,098.75 (0.3) (1.1) (9.6) 7.96 17,296.2 9.1 0.4 5.0
Source: Bloomberg, country exchanges and Zawya (** Trailing Twelve Months; * Value traded ($ mn) do not include special trades, if any; #Data as of May 25, 2016)
9,638.26
9,681.54
9,664.85
9,705.74 9,716.48
0
3,000,000
6,000,000
9,500
9,650
9,800
22-May 23-May 24-May 25-May 26-May
Volume QSE Index
3.8%
1.4% 1.1%
(0.3%) (0.3%)
(1.0%)
(2.7%)(4.0%)
(2.0%)
0.0%
2.0%
4.0%
6.0%
Dubai
Kuwait
AbuDhabi
Oman
Bahrain
Qatar(QSE)*
SaudiArabia
2. Page 2 of 6
News
Economic Corporate News
QCB likely to keep policy rate at 4.5% for most of 2016 – BMI
Research, Country Risk Analyst (MENA), Olivier Najar said that
the Qatar Central Bank (QCB) is expected to maintain its policy
rate at 4.5% for most of 2016 to support lending amid slowing
down of economic growth. Najar said, “Facing increasing
pressures on the riyal, the QCB will nevertheless hike rates by 25
basis points before the end of the year to converge with rising US
rates. But the rapidity at which it does so will depend on the pace
of the US Federal Reserve’s (rate) hiking.” BMI Research, a Fitch
Group company, expects QCB to continue delaying its
convergence with the Fed’s hiking cycle for most of 2016 to
support lending amid a slowdown in economic growth. (Gulf-
Times.com)
BMI: Qatar fuel price hike ‘positive’ on fiscal consolidation needs –
BMI Research, Country Risk Analyst (MENA) Olivier Najar
indicated that the Qatari government’s increase of petrol prices is
a “positive” move, given the need for fiscal consolidation as
revenues have “fallen sharply” alongside hydrocarbon prices. He
said, “Despite the hike, fuel and gasoline prices in Qatar remain
among the lowest in the world.” Currently, the fuel price in Qatar
announced by the Ministry of Energy and Industry is as follows:
gasoline (super 97) QR1.30/liter, gasoline (premium 90) QR1.15,
and diesel QR1.40. In January, Qatar Fuel Company (QFLS) had
announced a revision in fuel prices, the first one in five years.
Despite the recent revision, fuel prices in Qatar are still among the
most affordable in the world. (Gulf-Times.com)
Moody’s: Robust growth, high wealth levels support credit profile
of Qatar – According to Moody’s, Qatar’s credit profile is
supported by robust growth, extraordinary high wealth levels,
and strong buffers, but its debt levels are comparatively high and
reform plans present implementation risks. Despite the “negative”
effect of a protracted period of low oil prices, Qatar’s overall
credit profile remains consistent with ‘Aa2’ rating on expected
continued strong growth, extraordinarily high wealth levels, low
vulnerability to oil price shock and a fiscal policy that would
shield sizable buffers, Moody’s said in a report. Highlighting that
Qatar’s strong growth would be driven by continued large
infrastructure investments, ahead of the 2022 FIFA World Cup, it
said, “we forecast average annual real GDP growth of 3.6% for
2016-2020, reflecting zero growth in oil and gas production from
2017, as well as a decline in real growth in the non-oil sectors
over the forecast horizon, averaging 6.7% in 2016-2020, down
from 10.1% during 2011-2015.” (Gulf-Times.com)
MEED: Qatar accounts for 8.57% of total value of planned GCC
projects – MEED said in a report that the Qatar accounts for 8.57%
of the total value of the projects planned in the GCC (as of May),
which amounted to $2tn. At the MEED Construction Leadership
Summit in Dubai, professional services firm Deloitte said Saudi
Arabia led the region in terms of the value of projects in the pre-
execution stage, with 38.9% of the total value, followed by the
UAE with 34.8%. Kuwait follows Qatar with 8.22%. Oman
accounted for 6.48% and Bahrain 2.97% share of the market.
(Gulf-Times.com)
Addition of QATI right issue shares to shareholders’ accounts –
Qatar Central Securities Depository Company (QCSD) announces
that the new subscribed shares of the Qatar Insurance Company
(QATI) have been deposited into the investors’ accounts, the new
capital is QR2.411.386.590 and the new total shares is
(241.138.659). The new subscribed shares will be available for
trading starting from May 26, 2016. (QSE)
CEO: QFLS to deploy 20 more mobile petrol stations – Qatar Fuel
Company (QFLS) CEO Ibrahim Jaham al-Kuwari announced that
the company will soon deploy 20 additional mobile petrol stations
in and around Doha to meet mounting demand from motorists.
Al-Kuwari made the announcement on the sidelines of QFLS’s
AGM, which was presided over by QFLS Chairman, Sheikh Saoud
bin Abdulrahman bin Hassan al-Thani. Al-Kuwari said, “We have
finalized with the authorities concerned certain places for the
deployment of mobile petrol stations, which will be stationed at
various locations in Doha. There are currently six operational
mobile petrol stations and we will soon add 20 more. In addition
to that, we are ordering around 30 mobile petrol stations, which
we expect to receive in the next three months. They would be on
standby and can be deployed as the need arises.” He added the
government has already identified different locations in and
around Doha, where the additional 20 mobile stations will be
installed within the year. (Gulf-Times.com)
UDCD plans to sell stake in Gulf Formaldehyde – The United
Development Company (UDCD) announced that it intends to sell
its 10% stake in the Gulf Formaldehyde Company and it will
disclose any decision or agreement to be made in this regard.
(QSE)
DHBK to expand its foreign operations to deal with slower growth
in Qatar – According to Doha Bank (DHBK) Chief Executive Officer
Raghavan Seetharaman, the bank is planning to expand its foreign
operations to compensate for slower growth in Qatar, due to
decline in oil prices which caused liquidity to dry up. (Bloomberg,
Gulf-Times.com)
S&P Affirms Industries Qatar 'AA-' Rating – S&P Global Ratings
today affirmed its 'AA-' long-term corporate credit rating on
Qatari-based commodity chemicals and steel producer Industries
Qatar (IQCD). The outlook is stable. (Bloomberg)
QFBQ in deal with JLL to guide Qatar, Gulf investors on UK and
Europe real estate – Qatar First Bank (QFBQ) signed pact with the
UK’s largest property adviser, JLL, in view of the increasing
demand for real estate investment in the UK and Europe from
investors in Qatar and the wider Gulf Cooperation Council region.
The agreement provides specialized real estate services to
individuals and corporate enterprises seeking to add value to
their portfolios by owning, occupying and investing in real estate
across the world. The deal with JLL, a Fortune 500 company,
would also offer shareholders and clients the ability to source real
estate opportunities globally based on their specific requirements
and budget. (Gulf-Times.com)
ORDS gets Cisco cloud and managed services certification –
Ooredoo (ORDS) announced that it has been awarded the Cisco
Cloud and Managed Services Program (CMSP) certification after
successfully completing a stringent audit. The program is a
comprehensive framework designed to recognize partners that
offer cloud, managed, or virtual managed services based on Cisco
technologies. ORDS offers some of the most advanced cloud
services for businesses in the region and the certification will give
customers renewed confidence in its ability to develop and deploy
original solutions for organizations and enterprises. Meanwhile,
ORDS has mandated banks for a forthcoming US dollar bond.
ORDS has picked a number of banks including ANZ, Bank of
America Merrill Lynch, Citigroup, and HSBC. ORDS is seeking to
raise $750mn-$1bn through the transaction. ORDS was in talks
with banks to raise over $1.5bn through bonds and loans in 2016.
The company, which operates in about a dozen territories across
the Middle East, Africa and Asia, is planning to refinance a $1bn
revolver that matures in March 2017. ORDS is rated ‘A2’ by
Moody’s, ‘A-’ by Standard & Poor’s and ‘A+’ by Fitch. (Gulf-
Times.com)
3. Page 3 of 6
Qatar Stock Exchange
Top Gainers Top Decliners
Source: Qatar Stock Exchange (QSE)
Source: Qatar Stock Exchange (QSE)
Most Active Shares by Value (QR Million) Most Active Shares by Volume (Million)
Source: Qatar Stock Exchange (QSE) Source: Qatar Stock Exchange (QSE)
Investor Trading Percentage to Total Value Traded Net Traded Value by Nationality (QR Million)
Source: Qatar Stock Exchange (QSE) Source: Qatar Stock Exchange (QSE)
5.6%
2.1% 2.0%
1.1%
0.8%
0.0%
2.5%
5.0%
7.5%
Gulf
International
Services
Qatar General
Insurance &
Reinsurance
Medicare
Group
Mannai Corp. Qatar
International
Islamic Bank
-7.1%
-4.9% -4.9%
-2.9% -2.9%
-10.5%
-7.0%
-3.5%
0.0%
Qatar Cinema &
Film Distribution
Dlala Holding National Leasing Ezdan Real
Estate
Gulf
Warehousing
145.8
68.9
60.5 56.7
39.1
0.0
60.0
120.0
180.0
Gulf
International
Services
Ooredoo QNB Group Industries
Qatar
Masraf Al
Rayan
3.8
2.2
1.9
1.5
1.2
0.0
1.5
3.0
4.5
Gulf
International
Services
Ezdan Real
Estate
Qatar First
Bank
Vodafone
Qatar
Masraf Al
Rayan
0%
20%
40%
60%
80%
100%
Buy Sell
47.53% 45.44%
15.12% 17.32%
13.76% 14.11%
23.59% 23.13%
Qatari Individuals Qatari Institutions Non-Qatari Individuals Non-Qatari Institutions
498
297
498
296
(1)
1
(100) - 100 200 300 400 500 600
Qatari
Non-Qatari
Net Investment Total Sold Total Bought
4. Page 4 of 6
TECHNICAL ANALYSIS OF THE QSE INDEX
Source: Bloomberg
The QSE Index closed down by 0.99% at 9,71648 vs the week; this move puts the Index back in the bearish path. As we have mentioned last
week, the Index will probably test the 9,700 immediate-support level. The MACD has been moving below the zero line and curving down again
and hence the bearish sentiment. The expected resistance level remains at 10,500 points and the support at 9,500 points.
DEFINITIONS OF KEY TERMS USED IN TECHNICAL ANALYSIS
RSI (Relative Strength Index) indicator – RSI is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates between 0 to
100. The index is deemed to be overbought once the RSI approaches the 70 level, indicating that a correction is likely. On the other hand, if the RSI approaches
30, it is an indication that the index may be getting oversold and therefore likely to bounce back.
MACD (Moving Average Convergence Divergence) indicator – The indicator consists of the MACD line and a signal line. The divergence or the convergence of the
MACD line with the signal line indicates the strength in the momentum during the uptrend or downtrend, as the case may be. When the MACD crosses the signal
line from below and trades above it, it gives a positive indication. The reverse is the situation for a bearish trend.
Candlestick chart – A candlestick chart is a price chart that displays the high, low, open, and close for a security. The ‘body’ of the chart is portion between the
open and close price, while the high and low intraday movements form the ‘shadow’. The candlestick may represent any time frame. We use a one-day
candlestick chart (every candlestick represents one trading day) in our analysis.
Doji candlestick pattern – A Doji candlestick is formed when a security's open and close are practically equal. The pattern indicates indecisiveness, and based on
preceding price actions and future confirmation, may indicate a bullish or bearish trend reversal.
Shooting Star/Inverted Hammer candlestick patterns – These candlestick patterns have a small real body (open price and close price are near to each other),
and a long upper shadow (large intraday movement on the upside). The Shooting Star is a bearish reversal pattern that forms after a rally. The Inverted Hammer
looks exactly like a Shooting Star, but forms after a downtrend. Inverted Hammers represent a potential bullish trend reversal.
5. Page 5 of 6
Source: Bloomberg
Company Name
Price
(May 26)
% Change
WTD
% Change
YTD
Market Cap.
QR Million TTM P/E P/B Div. Yield
Qatar National Bank 136.00 (0.07) (6.74) 114,196 10.0 1.9 2.6
Qatar Islamic Bank 94.70 (0.32) (11.25) 22,377 11.0 1.5 4.5
Commercial Bank of Qatar 37.10 (0.27) (19.17) 12,118 11.3 0.9 8.1
Doha Bank 35.85 0.70 (19.44) 9,263 7.8 1.1 8.4
Al Ahli Bank 42.30 (0.47) (3.55) 8,071 12.6 1.8 3.5
Qatar International Islamic Bank 61.50 0.82 (4.35) 9,309 11.7 1.8 6.5
Masraf Al Rayan 33.05 (0.45) (12.10) 24,788 11.8 2.2 5.3
Al Khalij Commercial Bank 16.50 (2.08) (8.18) 5,940 9.3 0.9 6.1
Qatar First Bank 12.10 (1.63) N/A 2,420 N/A N/A N/A
National Leasing 16.90 (4.90) 19.86 836 N/A 0.8 3.0
Dlala Holding 21.66 (4.92) 17.14 615 N/A 1.8 N/A
Qatar & Oman Investment 11.18 (0.89) (9.11) 352 19.2 1.1 5.4
Islamic Holding Group 66.00 (2.80) (16.14) 374 107.7 4.6 2.3
Banking and Financial Services 210,659
Zad Holding 86.00 (0.69) 1.42 1,125 11.7 1.3 4.7
Qatar German Co. for Medical Devices 11.95 (2.13) (12.90) 138 N/A 1.4 N/A
Salam International Investment 11.12 (0.27) (5.92) 1,271 11.0 0.7 9.0
Medicare Group 104.00 1.96 (12.82) 2,927 20.2 3.0 1.7
Qatar Cinema & Film Distribution 35.00 (7.14) (4.41) 204 15.2 1.6 4.6
Qatar Fuel 154.00 0.00 12.76 14,047 11.2 2.2 4.9
Widam Food Co. 58.80 0.34 11.36 1,058 13.6 3.7 4.6
Al Meera Consumer Goods 207.50 (2.81) (5.68) 4,150 25.1 3.3 4.3
Consumer Goods and Services 24,921
Qatar Industrial Manufacturing 40.00 (0.99) 0.38 1,901 10.3 1.4 7.5
Qatar National Cement 87.20 0.35 (5.96) 5,181 11.2 1.7 4.2
Industries Qatar 98.00 (1.11) (11.79) 59,290 14.2 1.9 5.1
Qatari Investors Group 49.80 (2.35) 32.10 6,191 23.5 2.6 2.5
Qatar Electricity and Water 204.80 (0.44) (5.36) 22,528 15.0 3.3 3.7
Mannai Corp. 90.00 1.12 (5.56) 4,106 8.3 1.8 5.6
Aamal 13.16 (1.05) (5.93) 8,291 13.1 1.1 N/A
Gulf International Services 38.80 5.58 (24.66) 7,211 13.8 1.9 2.6
Mesaieed Petrochemical Holding 18.49 (0.59) (4.69) 23,229 19.5 1.7 3.8
Industrials 137,927
Qatar Insurance 75.00 (2.60) 7.87 18,278 14.9 2.8 2.8
Doha Insurance 19.31 (2.47) (8.05) 966 8.9 0.9 5.2
Qatar General Insurance & Reinsurance 48.00 2.13 3.33 4,200 4.7 0.7 2.8
Al Khaleej Takaful Insurance 24.70 (2.76) (19.02) 631 21.0 1.1 4.0
Qatar Islamic Insurance 58.40 0.69 (18.89) 876 12.3 2.9 6.8
Insurance 24,950
United Development 18.50 (1.49) (10.84) 6,551 9.5 0.6 8.1
Barw a Real Estate 31.10 (2.20) (22.25) 12,102 26.6 0.7 7.1
Ezdan Real Estate 17.04 (2.91) 7.17 45,199 25.8 1.5 2.9
Mazaya Qatar Real Estate Development 13.62 (2.37) 0.71 1,502 13.4 1.1 2.0
Real Estate 65,353
Ooredoo 85.40 (1.95) 13.87 27,355 11.0 1.2 3.5
Vodafone Qatar 11.19 (0.27) (11.89) 9,460 N/A 1.9 1.9
Telecoms 36,815
Qatar Navigation (Milaha) 86.80 (2.36) (8.63) 9,941 9.1 0.8 5.8
Gulf Warehousing 60.00 (2.91) 5.45 3,516 16.3 2.6 2.5
Qatar Gas Transport (Nakilat) 23.14 0.56 (0.90) 12,820 12.9 3.9 5.4
Transportation 26,277
Qatar Exchange 526,709
6. 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
QNB Financial Services Co. WLL
One Person Company
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services Co. WLL One Person Company (“QNBFS”) a wholly-owned subsidiary of QNB SAQ (“QNB”). QNBFS is
regulated by the Qatar Financial Markets Authority and the Qatar Exchange QNB SAQ 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
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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
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