Daily Market Report September 18, 2019
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QSE Intra-Day Movement Market Indicators 17 Sep 19 16 Sep 19 %Chg. Value Traded (QR mn) 290.2 337.0 (13.9) 10,520 Exch. Market Cap. (QR mn) 579,272.2 581,609.9 (0.4) Volume (mn) 168.7 95.4 76.9 10,500 Number of Transactions 8,601 9,092 (5.4) 10,480 Companies Traded 44 46 (4.3) Market Breadth 14:27 22:13 – 10,460 Market Indices Close 1D% WTD% YTD% TTM P/E 10,440 Total Return 19,267.22 (0.4) 0.1 6.2 15.1 All Share Index 3,078.34 (0.6) (0.1) (0.0) 15.3 9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00 Banks 4,042.94 (0.4) (0.4) 5.5 14.0 Industrials 3,145.29 (0.3) 1.3 (2.2) 18.1 Qatar Commentary Transportation 2,501.21 (1.3) (1.4) 21.4 13.8 The QE Index declined 0.4% to close at 10,470.8. Losses were led by the Real Estate Real Estate 1,476.58 (3.4) (1.5) (32.5) 16.2 and Insurance indices, falling 3.4% and 2.3%, respectively. Top losers were Ezdan Insurance 2,889.91 (2.3) (1.5) (3.9) 16.9 Holding Group and Ahli Bank, falling 6.2% and 5.5%, respectively. Among the top Telecoms 990.30 2.2 1.7 0.3 18.1 gainers, Qatar Oman Investment Company gained 9.9%, while Qatar First Bank was Consumer 8,661.49 0.7 0.8 28.3 17.0 up 4.8%. Al Rayan Islamic Index 4,004.90 (0.5) 0.1 3.1 14.8 GCC Commentary GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD% Saudi Arabia: The TASI Index fell 0.7% to close at 7,770.6. Losses were led by the Ooredoo Qatar 8.00 2.8 2,827.4 6.7 Media and Entertainment and Food & Staples indices, falling 2.7% and 2.2%, Al Ahli Bank of Kuwait Kuwait 0.30 1.0 31.5 1.7 respectively. Saudi Ind. Inv. declined 3.8%, while Riyad Bank was down 3.7%. Dubai: The DFM Index declined 1.0% to close at 2,849.7. The Real Estate & Almarai Co. Saudi Arabia 51.30 1.0 586.2 6.9 Construction index declined 2.0%, while the Consumer Staples and Disc. index, fell National Shipping Co. Saudi Arabia 26.50 1.0 288.2 (20.7) 1.2%. Takaful Emarat declined 5.8%, while Emaar Properties was down 3.0%. Abu Dhabi: The ADX General Index gained 0.2% to close at 5,170.7. The Consumer First Abu Dhabi Bank Abu Dhabi 15.44 0.9 2,082.1 9.5 Staples index rose 9.7%, while the Investment & Financial Services gained 1.5%. Int. ## # Holdings Co. rose 14.8%, while Abu Dhabi Ship Building Co. was up 14.4%. GCC Top Losers Exchange Close 1D% Vol. ‘000 YTD% Kuwait: The Kuwait All Share Index fell 0.4% to close at 5,608.9. The Basic Materials Qurain Petrochemical Ind. Kuwait 0.32 (4.2) 425.1 (10.8) index declined 1.6%, while the Insurance index fell 0.7%. Warba Capital Holding Co. Saudi Industrial Inv. Saudi Arabia 21.70 (3.8) 1,173.3 (5.2) declined 24.2%, while Credit Rating & Collection was down 14.3%. Oman: The MSM 30 Index fell 0.2% to close at 4,001.5. Losses were led by the Riyad Bank Saudi Arabia 23.06 (3.7) 3,446.9 16.3 Industrial and Financial indices, falling 0.2% and 0.1%, respectively. Oman Cement Saudi Basic Ind. Corp. Saudi Arabia 89.80 (3.2) 4,958.1 (22.7) fell 3.4%, while Oman and Emirates Investment Holding was down 2.7%. Emaar Properties Dubai 4.79 (3.0) 10,237.8 16.0 Bahrain: The BHB Index fell 0.7% to close at 1,513.9. The Commercial Banks index declined 1.2%, while the Services index fell 0.1%. Ahli United Bank declined 2.2%, Source: Bloomberg (# in Local Currency) (## GCC Top gainers/losers derived from the S&P GCC while Bahrain Telecommunication Company was down 0.3%. Composite Large Mid Cap Index) QSE Top Gainers Close* 1D% Vol. ‘000 YTD% QSE Top Losers Close* 1D% Vol. ‘000 YTD% Qatar Oman Investment Company 0.56 9.9 804.2 4.1 Ezdan Holding Group 0.67 (6.2) 33,547.6 (48.3) Qatar First Bank 0.33 4.8 59,115.1 (20.3) Ahli Bank 3.29 (5.5) 51.3 29.3 Salam International Inv. Ltd. 0.43 2.9 2,957.2 (0.5) Dlala Brokerage & Inv. Holding 0.72 (3.5) 282.3 (28.4) Ooredoo 8.00 2.8 2,827.4 6.7 Islamic Holding Group 1.92 (3.0) 460.2 (12.1) Qatar Industrial Manufacturing Co 3.30 1.9 79.1 (22.7) Qatar Insurance Company 3.25 (2.7) 493.0 (9.5) QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD% QSE Top Value Trades Close* 1D% Val. ‘000 YTD% Qatar First Bank 0.33 4.8 59,115.1 (20.3) QNB Group 19.50 0.3 36,063.5 0.0 Ezdan Holding Group 0.67 (6.2) 33,547.6 (48.3) Ezdan Holding Group 0.67 (6.2) 23,136.7 (48.3) Aamal Company 0.73 (0.5) 10,852.8 (18.0) Ooredoo 8.00 2.8 22,296.5 6.7 Qatar Aluminium Manufacturing 0.83 0.2 7,591.4 (37.7) Industries Qatar 11.29 (0.8) 20,891.1 (15.5) Qatar Gas Transport Company Ltd. 2.42 (1.2) 6,926.5 35.0 Qatar First Bank 0.33 4.8 19,515.7 (20.3) Source: Bloomberg (* in QR) Exch. Val. Traded Exchange Mkt. Dividend Regional Indices Close 1D% WTD% MTD% YTD% P/E** P/B** ($ mn) Cap. ($ mn) Yield Qatar* 10,470.83 (0.4) 0.1 2.3 1.7 79.46 159,126.1 15.1 1.6 4.2 Dubai 2,849.67 (1.0) (1.3) 3.3 12.6 70.55 101,636.5 12.0 1.0 4.3 Abu Dhabi 5,170.66 0.2 1.5 0.1 5.2 55.28 143,890.0 15.5 1.5 4.8 Saudi Arabia 7,770.55 (0.7) (0.8) (3.1) (0.7) 786.55 489,639.2 19.3 1.7 3.9 Kuwait 5,608.91 (0.4) (2.4) (5.6) 10.4 108.64 104,879.2 13.9 1.3 3.8 Oman 4,001.48 (0.2) (0.5) (0.1) (7.5) 8.35 17,452.5 8.1 0.8 6.9 Bahrain 1,513.93 (0.7) (2.1) (1.2) 13.2 1.62 23,660.2 11.3 1.0 5.1 Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Market and Dubai Financial Market (** TTM; * Value traded ($ mn) do not include special trades, if any) Page 1 of 6 Qatar Market Commentary The QE Index declined 0.4% to close at 10,470.8. The Real Estate and Overall Activity Buy %* Sell %* Net (QR) Insurance indices led the losses. The index fell on the back of selling pressure from Qatari shareholders despite buying support from GCC and Qatari Individuals 27.45% 35.63% (23,740,609.14) non-Qatari shareholders. Qatari Institutions 21.05% 22.86% (5,249,987.52) Ezdan Holding Group and Ahli Bank were the top losers, falling 6.2% and Qatari 48.50% 58.49% (28,990,596.66) 5.5%, respectively. Among the top gainers, Qatar Oman Investment Company gained 9.9%, while Qatar First Bank was up 4.8%. GCC Individuals 0.55% 0.80% (711,884.53) Volume of shares traded on Tuesday rose by 76.9% to 168.7mn from GCC Institutions 6.28% 3.52% 8,015,569.73 95.4mn on Monday. Further, as compared to the 30-day moving average GCC 6.83% 4.32% 7,303,685.20 of 84.5mn, volume for the day was 99.7% higher. Qatar First Bank and Ezdan Holding Group were the most active stocks, contributing 35.0% Non-Qatari Individuals 9.60% 12.68% (8,933,437.12) and 19.9% to the total volume, respectively. Non-Qatari Institutions 35.06% 24.51% 30,620,348.58 Non-Qatari 44.66% 37.19% 21,686,911.46 Source: Qatar Stock Exchange (* as a % of traded value) Global Economic Data Date Market Source Indicator Period Actual Consensus Previous 09/17 US Federal Reserve Industrial Production MoM August 0.6% 0.2% -0.1% 09/17 US Federal Reserve Manufacturing (SIC) Production August 0.5% 0.2% -0.4% Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted) News Qatar Airport station. The retail units have competitive licensing rates, Ahli Bank set to raise $500mn in five-year bonds – Ahli Bank is which are fixed for a period of five years, the statement stated. set to raise $500mn in five-year bonds, according to a document (Qatar Tribune) issued by one of the banks leading the deal. The bank received Qatar First Bank appointment Salman Al Abdul Ghani as Vice- orders in excess of $1.7bn for the deal, the document showed. Chairman – Qatar First Bank’s board of directors has appointed (Zawya) Salman Abdullah Al Abdul Ghani as the Vice-Chairman.