Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Investment funds bullish on Qatari stocks  Join our daily free Newsletter

MENAFN - The Peninsula - 04/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) Driven by massive planned government spending and attractive valuations, investment funds are becoming much more bullish on Qatari stocks



Citing Reuters' monthly survey on the region, Qatar Exchange yesterday noted that 56 percent of 16 leading investment managers expect to raise allocations to Qatari equities in the next three months. That was the biggest positive change among the six major markets in the survey, and compared with 20 percent saying they would raise allocations to Qatari stocks in December's survey



Abu Dhabi Investment Company (AD Invest) and Kuwait headquartered Global Investment House (GIH) recently noted that Qatari stocks will remain bullish aided by a significant government tailwind and huge fund inflows


Reuters quoted Afa Boran, head of asset management at Amwal Qatar, as saying: "Qatar has better near-term growth prospects than any other regional market. The government has a significant budget for infrastructure spending which we expect will be largely spent over the next three to five years,"



He estimated both the Qatar and Saudi markets were trading at about 12 times estimated corporate earnings for 2014, with Qatar having better near-term earnings prospects. Earnings growth in Saudi Arabia is currently being dampened by a crackdown on illegal foreign labour that has raised companies' costs, analysts say



GIH in its latest GCC equity strategic analysis noted Qatar's banks, telecoms and industrials are best stock picks for 2014


 


The Peninsula




  MENA News Headlines
 Jul 30 2016 - Slip Ring Market Share, Technology and Key Players Analysis in a Research ReportMENAFN Press
(MENAFN Press) Slip Ring Market Share, Technology and Key Players Analysis in a Research Report ReportsWeb added report on "Global Slip Ring Industry 2016 Market Research Report'', the report ...

 Jul 30 2016 - Elite Pediatrician in Quebec, Rami Baz, MD, is to be Published in The Leading Physicians of the WorldMENAFN Press
(MENAFN Press) Saint-Charles-Borromée, Québec The International Association of HealthCare Professionals is pleased to welcome Rami Baz, MD, Pediatrician, to their prestigious ...

 Jul 30 2016 - GES Adds On To More Innovative Services to Its Event Services PortfolioMENAFN Press
(MENAFN Press) (July 29, 2016) GES, a prominent global Event Management Company shared about its forthcoming new-fangled services that will enhance the quality of event experienced by its clients. ...

 Jul 30 2016 - Villa for sale in Egypt or Apartment for sale in CairoMENAFN Press
(MENAFN Press) google_ad_client = "pub-7060895361757846"; /* MPR 200x200, created 7/14/10 */ google_ad_slot = "9848691929"; google_ad_width = 200; google_ad_height = 200; Cairo Egypt ...

 Jul 30 2016 - Respected Dermatologist, Ellen Burov, MD, FAAD, will Have her Outstanding Achievements Featured in The Leading Physicians of the WorldMENAFN Press
(MENAFN Press) Respected Dermatologist, Ellen Burov, MD, FAAD, will Have her Outstanding Achievements Featured in The Leading Physicians of the World Posted by admin on July 30, 2016 New York ...

 Jul 30 2016 - Jordan's public debt drops to USD35.35bnMENAFN
(MENAFN) Jordan's public debt amounted up to USD35.35bn in May this year, comprising 92.6 percent of its GDP estimated by the Finance Ministry at USD38.19bn.On the other hand, the debt of the ...

 Jul 30 2016 - Saudi's Vision 2030 to enhance digital economyMENAFN
(MENAFN) Saudi Arabia embarked on National Transformation Program 2020 and Vision 2030, to foster a digital culture and shifting more to digital economy.With a digital economy, more jobs can be made ...

 Jul 30 2016 - Dubai's Nakheel profit grows by USD402.9mnMENAFN
(MENAFN) Dubai developer Nakheel posted flat second-quarter profit increase, which reached USD402.98mn in Q2.Moreover, the firm's profit for the first six months of this year was USD0.80bn, up from ...

 Jul 30 2016 - Wisconsin Mesothelioma Victims Center Now Offers a Diagnosed Person in Wisconsin a Free Service Designed to Ensure They Are Working Directly with The Nation's Best Lawyers For Better CompensationMENAFN Press
(MENAFN Press) Wisconsin Mesothelioma Victims Center Now Offers a Diagnosed Person in Wisconsin a Free Service Designed to Ensure They Are Working Directly with The Nation's Best Lawyers For Better ...

 Jul 30 2016 - 360Heros Announces Rebrand, Unveils New Name and Company DirectionMENAFN Press
(MENAFN Press) 360Heros Announces Rebrand, Unveils New Name and Company Direction 360Heros Inc, a company specializing in 360 video technology, has announced a rebrand. A new company name, ...

more...


 





Google

Easy Forex

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help