GCC Daily Market Update - 25 April

Transcription

1. DAILY MARKET UPDATE April 25 , 2016 GLOBAL MARKETS MARKET COMMENTARY Change Performance Value (%) MTD (%) YTD (%) Closing Level Indices Global S&P 500 Dow Jones Ind. Average Nasdaq FTSE 100 DAX 30 CAC 40 BIST 100 Nikkei Hang Seng Shanghai Composite BSE Sensex GCC QE Index Saudi Arabia (TASI) UAE (ADX) UAE (DFM) Kuwait (KSE) Oman (MSM) Bahrain (BAX) S&P GCC Dow Jones Islamic Commodity Brent (USD/bbl) WTI (USD/bbl) Natural Gas (USD/mmBTU) Gold Spot (USD/t oz.) Copper (USD/lb) 2,091.6 18,003.8 4,474.2 6,310.4 10,373.5 4,569.7 85,828.7 17,572.5 21,467.0 2,959.2 25,838.1 0.1 21.2 (66.6) (71.0) (62.2) (13.2) 157.9 208.9 (155.2) 6.3 (42.2) 0.0 0.1 (1.5) (1.1) (0.6) (0.3) 0.2 1.2 (0.7) 0.2 (0.2) 1.5 1.8 (0.2) 2.2 4.1 4.2 3.1 4.9 3.3 (1.5) 2.0 2.3 3.3 (2.6) 1.1 (3.4) (1.5) 19.7 (7.7) (2.0) (16.4) (1.1) 10,262.6 6,698.8 4,621.2 3,583.4 5,372.4 5,891.9 1,119.6 1,526.6 2,873.5 (133.7) 111.1 (15.6) (0.4) 25.4 74.7 (2.6) 0.1 (0.0) (1.3) 1.7 (0.3) (0.0) 0.5 1.3 (0.2) 0.0 0.0 (1.1) 7.6 5.3 6.8 2.7 7.8 (1.0) 2.6 2.0 (1.6) (3.1) 7.3 13.7 (4.3) 9.0 (7.9) 5.5 2.6 45.1 43.7 2.1 1,228.7 226.5 0.6 0.6 0.1 (20.3) 1.4 1.3 1.3 3.5 (1.6) 0.6 12.7 12.5 10.3 (0.4) 3.7 19.7 16.4 (7.5) 15.9 6.0 Source: Bloomberg Global Global stocks ended on a mixed note a Friday. In US, S&P closed marginally in green led by energy producers and banks, after crude climbed to a five-month high. Tech heavy NASDAQ however closed 1.5% lower on weak Q1-16 earning reported by Tech major’s Alphabet Inc. and Microsoft Corp. European markets closed lower, dragged by car makers (2.4%), after Daimler reported a 9% plunge in its operating profit. Renewed scrutiny on carmakers after Volkswagen cheated on emissions tests, also impacted the sector. In Asia, Japan’s benchmark closed 1.2% higher as the yen weakened and hopes on further stimulus were built among traders after 2 consecutive earthquakes. Major exporters, Toyota, Nissan and Honda added 1.63%, 1.72% and 1.44% respectively, while possibility of further easing boosted real-estate companies and banks. GCC GCC markets closed on a mixed note on Sunday. Saudi Arabia’s index added 1.7% in heavy trade as firm oil prices boosted petrochemical shares. Petrochemical heavyweight SABIC jumped 3.8% after oil prices, notched their third straight week of gains. The kingdom’s largest property developer Dar Al Arkan jumped 9.4% higher despite reporting a 60.7% fall in Q1-16. UAE indices closed lower, with Dubai’s index ending 0.4% lower, dragged by Emaar properties (-1%), while Abu Dhabi’s index closed 0.3% in red. Qatar QE index plunged 1.3%, underperforming its Gulf peers, as Micro and Mid cap segment witnessed heavy profit booking. The sell-off was broad based with all sectors in red. Real Estate, Telecom and Consumer Goods witnessed major selling pressure, significantly underperforming their peer counters. In terms of volume, 89% of total traded volumes were concentrated in Banking, Industrials and Realty stocks. Out of 43 companies listed, 38 exchanged hands, of which 8 advanced, 29 retreated and 1 remained unchanged. QATAR MARKET OVERVIEW P/E (x) P/B (x) Dividend Yield (%) Value Traded (USD mn) Qatar All share 12.4 1.3 4.1 77.7 10,400 DSM 20 12.4 1.2 4.2 35.8 9,900 Saudi Arabia (TASI) 15.5 1.6 3.9 2,157.8 9,400 UAE (ADX) 11.9 1.5 5.4 41.5 8,900 UAE (DFM) 12.2 1.3 3.5 95.8 Kuwait (KSE) 17.6 1.0 4.7 41.9 8,400 27/Jan Oman (MSM) 13.4 1.3 4.4 18.4 Bahrain (BAX) 8.6 0.6 4.9 0.2 1D Change Performance Value (%) YTD (%) YoY (%) Vol. P/E (‘000) TTM GCC Fundamentals Source: Bloomberg Qatar Trading Activity Top Gainers Dlala Holding MPHC MERS Mannai Corporation Qatar National Cement Top Losers Medicare Group National Leasing Aamal Co Ezdan Holding Group QIMD Close Price 21.0 20.8 204.0 91.0 89.8 1.5 0.9 3.7 1.0 0.9 7.7 4.5 1.8 1.1 1.0 13.8 7.2 (7.3) (4.5) (3.2) (31.7) 980.4 NA (20.6) 2,254.6 23.9 (10.1) 5.7 25.7 (17.3) 0.0 8.4 (16.9) 0.6 11.5 98.9 19.3 13.4 19.0 40.0 (10.9) (1.0) (0.6) (0.7) (1.0) (9.9) (4.7) (3.9) (3.7) (2.4) (17.1) 36.9 (4.2) 19.5 0.4 (41.0) 214.4 19.2 (12.5) 1,674.1 NA (18.8) 411.8 14.0 11.7 272.5 29.7 (13.0) 20.4 10.3 Source: Bloomberg; Note: Prices are in local currency. Qatar DSM Index 10,900 20.0 10,262.6 10.0 0.0 10/Feb 24/Feb 9/Mar Index Volume (mn) 23/Mar 6/Apr 20/Apr Index Value Source: Bloomberg QE Sector Indices Banks & Financial Services Consumer Goods & Services Industrials Insurance Real Estate Telecoms Transportation Closing Level 2,752.3 6,634.2 3,182.9 4,355.0 2,607.3 1,149.1 2,572.1 1D Change (%) (0.2) (1.5) (0.8) (1.4) (2.8) (1.7) (0.5) Buy (%) 49.5 22.1 71.6 17.8 10.6 28.4 Sell (%) 55.7 19.0 74.7 17.3 8.0 25.3 Source: Qatar Exchange Qatar Trading Summary Qatari Individuals Qatari Institutions Qatari – Total Foreign Individuals Foreign Institutions Foreign – Total Source: Qatar Stock Exchange, Bloomberg 1
2. DAILY MARKET UPDATE April 25 , 2016 Development Board. Despite the broader regional economic challenges, growth remained positive across all the non-oil sectors in Bahrain. (Source: Arabian Business) GLOBAL NEWS  Eurozone private sector expansion eased unexpectedly in April-16. The flash Composite PMI, which combines manufacturing and services, fell to a two-month low of 53 in April-16 from 53.1 in March-16. The flash manufacturing PMI dropped to a two-month low of 51.5 from 51.6 in March-16. The services PMI edged up to 53.2 from 53.1 in March-16. (Source: Market watch)  French business sentiment for the manufacturing sector rose unexpectedly in April-16. The index increased to 104 as compared to 102 in March-16. Economists had forecasted to remain at 101. Whereas, a wider measure of business confidence including services, wholesale, construction and retail was stable at 101 in April-16 compared to March-16. (Source: Bloomberg)  Germany's private sector expanded at the slowest pace in nine months in April-16. The composite output index fell to a 9-month low of 53.8 in April-16 from 54.0 in March-16. The services activity index came in at 54.6, a 6-month low, compared to 55.1 in March-16, in line with the forecast. (Source: Reuters)  Italy's industrial orders increased for the second straight month in February-16. New orders rose a seasonally adjusted 0.7% MoM in February-16, followed by a 0.6% climb in the previous month. Domestic demand grew 1.6% MoM, while export orders dropped by 0.3% MoM. On an annual basis, industrial orders went up 3.8% in February-16. (Source: RTT)   Arabian Business)  Zain, Kuwait's biggest telecommunications operator by subscribers, reported a 9% YoY fall in Q1-16 net profit to KWD 37mn (USD 123mn). Tougher domestic competition, service interruptions and higher costs due to conflict in Iraq, and foreign exchange volatility weighed on the bottom line. (Source: Arabian Business)  Kuwait-based Jazeera Airways have approved distribution of a cash dividend of KWD 3mn (USD 9.9mn) for 2015, equivalent to 15% of the share's nominal value. As the company has registered a net profit of KWD 15.4mn for 2015 and operating revenues of KWD 58.6mn. The company said that it saw a 4.5% increase in passengers and an on-time performance of 94.3% last year. (Source: Arabian Business) QATAR NEWS  Qatar Navigation’s Q1-16 net profit fell 4% to QAR 352mn as compared to QAR 365mn a year ago. The EPS was QAR 3.1 for Q1-16 compared to QAR 3.2 for Q1-15. Operating revenues decreased by 1.9% YoY to QAR 771mn. (Source: The Peninsula) Japan's manufacturing activity deteriorated at the fastest pace in over three years in April-16, The Markit/ Nikkei manufacturing PMI fell to 48.0 in April-16 from 49.1 in the previous month. (Source: Business  Qatar First Bank LLC has announced the listing of the bank’s shares on Qatari Exchange. The announcement follows approval from the Qatar Financial Markets Authority. (Source: The Peninsula) Insiders)  Qatar’s Edutainment theme park KidzMondo Doha has signed a partnership agreement with UrbaCon Trading & Contracting (UCC), a Qatar based International Construction Service Company. Through the partnership young visitors will be able to engage in parallel activities for design, procurement, and construction, through a business model that is driven by commitment to excellence, according to UCC. (Source: The Peninsula)  The United Development Company will showcase a variety of retail and residential properties in different districts of The Pearl-Qatar, specifically Qanat Quartier, Viva Bahriya, Porto Arabia and Medina Centrale at Cityscape Qatar 2016. (Source: The Peninsula)  Qatar Islamic Bank announced that it is the main sponsor of the Association of National Finance Development Institutions International Development Forum. At the upcoming forum, representatives from central banks, Development Finance Institutions and academia will discuss how practices and policies have shaped the current economic climate and suggest a path forward. (Source: The Peninsula)  Qatar’s fixed broadband subscriptions jumped from 326,681 in 2011 to 459,221 in 2014, showing a rise of 40%. Among the different types of fixed broadband subscriptions, fibre to home subscriptions have witnessed the highest growth. These subscriptions grew from 31,705 in 2012 to 165,909 in 2014 reflecting a growth of over 400%, according to the data from Ministry of Transport and Communications. (Source: The Peninsula) GCC NEWS  Dubai International Capital has placed Doncasters, one of Britain’s oldest engineering manufacturers, up for auction. (Source: Arabian Business)   Bahrain-based Investcorp has agreed the sale of CSIdentity (CSID) to Experian, a global information services company, for USD 360mn. CSID is a provider of enterprise level identity theft protection technology solutions to businesses and government agencies. (Source: Dubai-based courier company Aramex reported a 12% rise in Q1-16 net profit to AED 96.9mn (USD 26.4mn) compared with a profit of AED 86.6mn in Q1-15. (Source: Arabian Business) Dubai’s Mashreq posted 18.3% YoY fall in Q1-16 net profit to AED 532mn (USD 144.9mn) as compared to AED 651mn. (Source: Arabian Business)  State-run Saudi Electricity Co narrowed down Q1-16 net loss to SAR 1.37bn (USD 365.32mn) as compared to net loss of SAR 1.94bn a year ago. (Source: Arabian Business)  Saudi Arabia's Kingdom Holding posted a 25.4% YoY fall in Q1-16 net profit to SAR 104.0mn (USD 27.3mn)as compared to SAR 139.4mn in the same quarter last year. (Source: Arabian Business)  Saudi Arabian property developers Dar Al Arkan reported a 60.7% YoY fall in Q1-16 net profit to SAR 57.9mn (USD 15.4mn) as compared to SAR 147.3mn. (Source: Arabian Business)  Saudi Arabia’s Kingdom Hotel Investments has sold its 100% interest in the InterContinental Hotel Lusaka to QG Africa Hotel for USD 35.9mn. (Source: Arabian Business)  Oman government has chosen five banks to arrange the sultanate's first international bond issue in almost 20 years. Citi, JP Morgan, Mitsubishi UFJ Securities, Natixis and National Bank of Abu Dhabi have been chosen to arrange the bond. (Source: Arabian Business)  Sloanes Real Estate Brokers, a UAE-based firm dealing in luxury properties, has planned to invest over QAR 10mn in Qatar with the opening of a new office in Doha as part of its expansion plans in the Middle East. (Source: The Peninsula)  Oman's Bank Dhofar is in talks with Bank Sohar on a merger. Bank Sohar has considered the terms offered which may be subject to further discussion and negotiation. (Source: Arabian Business)   Bahrain's non-oil growth reached 3.9% in 2015, while overall GDP growth for the year was 2.9%, according to the Economic Qatar is able to continue maintaining and developing gas projects under the current situation of energy prices, pointing out that it is in a good competitive position and is trusted by its customers, Chairman of Abdullah Bin Hamad Al Attiyah Foundation for Energy and Sustainable Development has said. (Source: The Peninsula) 2
3. DAILY MARKET UPDATE April 25 , 2016 FX RATES Currencies Value Currencies Value EUR/USD 1.1252 USD/QAR 3.6414 111.7900 EUR/QAR 4.0973 USD/JPY GBP/USD 1.4433 JPY/QAR 0.0326 USD/CHF 0.9786 GBP/QAR 5.2556 USD/CAD 1.2672 CHF/QAR 3.7210 AUD/USD 0.7708 CAD/QAR 2.8736 NZD/USD 0.6852 AUD/QAR 2.8068 USD/INR 65.9837 INR/QAR 0.0552 USD/TRY 2.8488 TRY/QAR 1.2782 USD/ZAR 14.3973 ZAR/QAR 0.2529 USD/BRL 3.5663 BRL/QAR 1.0211 FX Commentary The US dollar surged to its highest level in three weeks against the Japanese yen on Friday last week after a Bloomberg report suggested that the Bank of Japan is considering extending its negative rate policy to even bank loans and could cut rates further. The report said that the Japanese central bank could consider the new step if policymakers decide to lower the negative 0.1% interest rate applied to some reserves maintained by the banks with the central bank. The EUR was about 0.52% down against the USD, weighed down by worse than expected results of the German purchasing managers' index (PMI) survey. The USD also surged against the CHF, to touch a more than five-week high. The US dollar index, which measures the strength of the USD against a basket of six major currencies, was last up 0.52% at 95.087. Source: Bloomberg INTERBANK OFFERING & US SWAP RATES Duration SOVEREIGN YIELD CURVES & CDS SPREAD Overnight 1 Week 1 Month 3 Month 1 Year 0.38 0.40 0.44 0.64 1.24 (0.39) (0.36) (0.34) (0.25) (0.01) QAIBOR 1.12 1.21 1.31 1.44 1.77 SAIBOR NA NA 1.72 2.00 2.22 EIBOR 0.29 0.36 0.64 1.04 1.60 BMIBOR 0.45 0.65 0.93 1.33 1.80 KIBOR 0.75 NA 1.00 1.31 1.69 LIBOR EURIBOR Qatar vs US Treasuries Yields 4.18% 5.0% 0.0% 2 Yrs US Swap Rates 5 Years CDS 1.0% 0.0% 1.99% 1.74% 1.47% 2.0% 2.23% 0.95% 1.74% 1.51% 1.31% 2 Yrs 10 Yrs Last Year 30 Yrs 1.56% 1.84% 7 Yrs 10 Yrs US Qatar Spreads 6M Change 5 Years CDS 30 Yrs Spread 6M Change 20.7 (3.3) Turkey 237.5 (13.1) UK 36.5 19.5 Brazil 358.7 (94.0) Germany 18.5 5.5 Egypt 475.5 90.0 France 37.7 7.2 Abu Dhabi 87.9 17.0 128.0 23.8 Bahrain 356.8 52.4 Greece 5 Yrs 7 Yrs Current 1.25% 5 Yrs US Italy 0.77% 2.46% 2.69% 0.63% Source: Bloomberg 2.38% 2.46% 1.00% Source: Bloomberg 3.0% 2.11% 75.8 Dubai 209.9 15.6 Russia 1,111.8 247.5 (47.1) Qatar 88.0 17.2 Japan 37.0 (4.0) Saudi Arabia 149.5 15.9 Source: Bloomberg Source: Bloomberg ECONOMIC CALENDAR Time Country Event Period Survey Prior 11:00 Germany IFO Business Climate Apr 107.1 106.7 11:00 Germany IFO Expectations Apr 100.9 100 11:00 Germany IFO Current Assessment Apr 113.8 113.8 17:00 US New Home Sales Mar 520k 512k Source: Bloomberg GCC COMPANY RESULTS Company Name Qatar Industrial Manufactur Revenues (mn) YoY (%) QoQ (%) Net Profit (mn) YoY (%) QoQ (%) 203.5 147.4 (0.6) 54.9 40.6 62.5 Qatar Islamic Insurance 28.0 (26.6) 54.8 22.2 (33.4) 105.7 Doha Insurance Co 65.7 (1.3) (46.2) 22.4 (11.6) (67.4) Medicare Group 118.2 (22.1) (25.9) 14.1 (71.4) (72.6) Mannai Corporation Qsc 1,268.3 (21.5) (16.8) 125.1 (24.3) (18.8) Industries Qatar 1,147.1 (12.6) 2.4 697.0 (26.7) 13.4 Qatar Cinema & Film Distrib 3.1 (5.8) (5.4) 3.4 (20.2) (37.0) 159.0 Qatar Navigation NA NA NA 352.0 (3.4) Saudi Electricity Co NA NA NA (1,374.0) (29.2) (2.4) Kingdom Holding Co NA NA NA 104.0 (25.4) 174.3 Source: Bloomberg 3
4. DAILY MARKET UPDATE April 25 , 2016 QSE MAIN FINANCIAL INDICATORS Company Ahli Bank Comm. Bank of Qatar Dlala Doha Bank Islamic Holding Al khalij Commercial Bank Rayan National Leasing First Bank (QFC) Qatar Islamic Bank Intl. Islamic Bank QNB Qatar Oman Banks & Financial Services Medicare Al Meera Cinema Qatar Fuel Qatar German Co. Med Salam International Widam Zad Holding Company Consumer Goods & Services Aamal Gulf International Industries Qatar Mannai Corp. Mesaieed Qatar Electricity & Water The Investors Ind. Manf. Co. National Cement Co. Industrials Al Kaleej Takaful Doha Insurance Qatar Insurance General Insurance Islamic Insurance Insurance Barwa Ezdan Holding Mazaya Qatar United Dev. Company Real Estate Ooredoo Vodafone Qatar Telecoms Gulf warehousing Co Nakilat Qatar Navigation Transportation Market Dividend Yield (%) 3.1 N/A (‫)غ‬ N/A (‫)غ‬ 8.1 1.5 5.6 5.0 N/A (‫)غ‬ N/A (‫)غ‬ 4.2 6.1 2.1 N/A (‫)غ‬ 3.1 4.6 N/A (‫)غ‬ 4.2 N/A (‫)غ‬ N/A (‫)غ‬ N/A (‫)غ‬ 4.2 N/A (‫)غ‬ 0.8 N/A (‫)غ‬ N/A (‫)غ‬ N/A (‫)غ‬ 5.6 N/A (‫)غ‬ 3.6 2.4 7.3 N/A (‫)غ‬ 0.9 3.9 5.2 2.8 N/A (‫)غ‬ 6.2 2.6 N/A (‫)غ‬ N/A (‫)غ‬ 1.8 N/A (‫)غ‬ 0.0 N/A (‫)غ‬ N/A (‫)غ‬ 0.0 1.9 5.2 5.5 4.9 1.9 P/B Ratio (x) 2.0 N/A (‫)غ‬ N/A (‫)غ‬ 1.1 2.9 1.1 2.3 N/A (‫)غ‬ N/A (‫)غ‬ 1.9 1.9 2.0 N/A (‫)غ‬ 2.0 3.2 N/A (‫)غ‬ 1.8 N/A (‫)غ‬ N/A (‫)غ‬ N/A (‫)غ‬ 4.1 N/A (‫)غ‬ 18.6 N/A (‫)غ‬ N/A (‫)غ‬ N/A (‫)غ‬ 1.8 N/A (‫)غ‬ 3.4 2.8 1.4 N/A (‫)غ‬ 11.3 1.2 0.9 3.0 N/A (‫)غ‬ 3.2 3.1 N/A (‫)غ‬ N/A (‫)غ‬ 1.2 N/A (‫)غ‬ 52.7 N/A (‫)غ‬ N/A (‫)غ‬ N/A (‫)غ‬ 2.7 1.7 0.8 1.2 3.6 P/E Ratio (x) 13.8 N/A (‫)غ‬ N/A (‫)غ‬ 7.3 (H) (‫)م‬ 10.1 12.4 N/A (‫)غ‬ N/A (‫)غ‬ 11.6 12.4 10.4 N/A (‫)غ‬ 11.5 21.3 N/A (‫)غ‬ 16.9 N/A (‫)غ‬ N/A (‫)غ‬ N/A (‫)غ‬ 15.0 N/A (‫)غ‬ (H) (‫)م‬ N/A (‫)غ‬ N/A (‫)غ‬ N/A (‫)غ‬ 8.3 N/A (‫)غ‬ 15.3 24.6 10.6 N/A (‫)غ‬ 59.8 20.1 8.9 15.6 N/A (‫)غ‬ 13.7 18.3 N/A (‫)غ‬ N/A (‫)غ‬ 14.7 N/A (‫)غ‬ (H) (‫)م‬ N/A (‫)غ‬ N/A (‫)غ‬ N/A (‫)غ‬ 19.5 13.3 9.7 12.1 21.9 EPS (QR) 3.4 N/A (‫)غ‬ N/A (‫)غ‬ 5.1 0.5 1.8 2.8 N/A (‫)غ‬ N/A (‫)غ‬ 8.7 5.3 13.6 N/A (‫)غ‬ 5.5 5.2 N/A (‫)غ‬ 2.1 N/A (‫)غ‬ N/A (‫)غ‬ N/A (‫)غ‬ 4.3 N/A (‫)غ‬ 0.8 N/A (‫)غ‬ N/A (‫)غ‬ N/A (‫)غ‬ 10.8 N/A (‫)غ‬ 13.7 2.1 3.9 N/A (‫)غ‬ 0.8 1.3 2.2 5.3 N/A (‫)غ‬ 4.7 3.4 N/A (‫)غ‬ N/A (‫)غ‬ 1.0 N/A (‫)غ‬ 0.0 N/A (‫)غ‬ N/A (‫)غ‬ 0.0 3.3 1.8 9.5 3.1 2.0 BV/Share (QR) 23.2 N/A (‫)غ‬ N/A (‫)غ‬ 34.0 24.5 15.9 15.0 N/A (‫)غ‬ N/A (‫)غ‬ 54.2 34.1 70.9 N/A (‫)غ‬ 31.5 34.4 N/A (‫)غ‬ 20.4 N/A (‫)غ‬ N/A (‫)غ‬ N/A (‫)غ‬ 15.9 N/A (‫)غ‬ 4.6 N/A (‫)غ‬ N/A (‫)غ‬ N/A (‫)غ‬ 50.5 N/A (‫)غ‬ 62.4 18.8 29.2 N/A (‫)غ‬ 4.2 21.5 21.0 27.8 N/A (‫)غ‬ 20.0 19.8 N/A (‫)غ‬ N/A (‫)غ‬ 12.8 N/A (‫)غ‬ 0.4 N/A (‫)غ‬ N/A (‫)غ‬ 0.0 23.3 13.9 114.2 30.3 12.2 Stock Price (QR) 46.5 38.5 19.5 37.2 71.5 17.8 34.8 20.3 0.0 100.5 65.2 141.8 12.0 109.8 200.3 36.2 160.0 12.9 11.6 64.9 90.1 14.0 36.6 106.8 90.0 19.9 208.9 52.1 41.0 88.9 26.0 19.2 82.3 47.2 64.6 34.2 19.7 15.1 19.2 91.0 12.6 63.5 23.8 91.4 Company ‫االهلي‬ ‫التجاري‬ ‫داللة‬ ‫بنك الدوحة‬ ‫اإلسالمية القابضة‬ ‫الخليجي‬ ‫الريان‬ ‫االجارة‬ ‫ ألو لا‬QFC ‫المصرف‬ ‫الدولي‬ ‫الوطني قطر بنك‬ ‫قطروعمان‬ ‫البنوك والخدمات المالية‬ ‫الرعاية‬ ‫الميرة‬ ‫السينما‬ ‫قطر للوقود‬ ‫الطبية‬ ‫السالم‬ ‫ودام‬ ‫زاد‬ ‫البضائع والخدمات االستهالكية‬ ‫أعمال‬ ‫الخليج الدولية‬ ‫صناعات قطر‬ ‫مجمع المناعي‬ ‫مسيعيد‬ ‫كهرباء وماء‬ ‫المستثمرين‬ ‫التحويلية‬ ‫االسمنت‬ ‫الصناعات‬ ‫الخليج‬ ‫الدوحة‬ ‫قطر‬ ‫العامة‬ ‫االسالمية‬ ‫التأمين‬ ‫بروة‬ ‫إزدان القابضة‬ ‫مزايا قطر‬ ‫المتحدة للتنمية‬ ‫العقارات‬ ‫كيوتل‬ ‫فودافون قطر‬ ‫االتصاالت‬ ‫مخازن‬ ‫ناقالت‬ ‫المالحة‬ ‫النقل‬ Source: Qatar Exchange; Note: The above mentioned indicators were calculated according to the latest reliable financial data. DISCLAIMER It is understood that any opinions expressed by Commercial Bank or its affiliates as to the commentary, market information, and future direction of prices of specific securities reflects the views of the individual analyst who issued them, and not necessarily represent the views of Commercial Bank or its affiliates in any way. In no event shall CBQ or its affiliates have any liability for any direct or indirect losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the inf ormation provided in this materials or for any delays, inaccuracies, errors in, or omissions of the said information. 4