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
 Jun 25 2016 - Clouds Interiors, an Interior Design Company in Doha Qatar, is Now Offering Office Interior DesignsMENAFN Press
(MENAFN Press) --> DOHA, Qatar, June 25, 2016 /PRNewswire/ -- The founders of Clouds Interiors, a company that offers interior design Qatar business owners can rely on, are pleased to announce that ...

 Jun 25 2016 - IOM Responds to Malaria Upsurge in Bentiu, South SudanMENAFN Press
(MENAFN Press) IOM Responds to Malaria Upsurge in Bentiu, South Sudan GENEVA, Switzerland, June 24, 2016/APO (African Press Organization)/ -- IOM is scaling up resources to respond to an upsurge in ...

 Jun 25 2016 - Mediterranean Migrant Arrivals in 2016: 214,861 Deaths: 2,861MENAFN Press
(MENAFN Press) Mediterranean Migrant Arrivals in 2016: 214,861; Deaths: 2,861 GENEVA, Switzerland, June 24, 2016/APO/ -- IOM reports an estimated 214,861 migrants and refugees entered Europe by sea ...

 Jun 25 2016 - New Fantasy Novel by D.L. Jordan Hailed as the Next Harry PotterMENAFN Press
(MENAFN Press) The Genesis of Destiny, a book by author D.L. Jordan is being compared to Harry Potter and is set to captivate young adults and adults alike. The Genesis of Destiny: Book 1: The ...

 Jun 25 2016 - Thousands of Nigerian Refugees Fleeing Boko Haram in 'Dire Health Situation'Morocco World News
(MENAFN - Morocco World News) Medicins Sans Frontieres reported Thursday that almost 200 Nigerian refugees have died from starvation and malnutrition in the past month while in the Bama refugee camp. ...

 Jun 25 2016 - AfDB Approves $134 Million Loan to Support Morocco's Social Sectors GovernanceMorocco World News
(MENAFN - Morocco World News) ;">Abidjan – The African Development Bank (AfDB) approved, Wednesday in Abidjan, a loan of $134.65 million to support Morocco''s social sectors governance. The ...

 Jun 25 2016 - The Moroccan Antiquated TelevisionMorocco World News
(MENAFN - Morocco World News) Some years ago, the late Larbi Messari, journalist, newspaper editor and former minister of communication told the press that Moroccans were ''audio-visual migrants'' ...

 Jun 25 2016 - SCOTUS Ruling on SDVOSBVOSB Companies Serving the Dept of Veterans AffairsMENAFN Press
(MENAFN Press) SCOTUS Ruling on SDVOSB / VOSB Companies Serving the Dept of Veterans Affairs Centered by Patient Care, Driven by Innovation Veterans Serving Veterans Our team has decades of ...

 Jun 25 2016 - Adipic Acid Market Research Value Analysis and Forecasts to 2021MENAFN Press
(MENAFN Press) Adipic Acid Market Research Value Analysis and Forecasts to 2021 ReportsWeb added report on "Global Adipic Acid Consumption 2016 Market Research Report'', the report comprises ...

 Jun 25 2016 - Jordan to sign deal with EU for energy projects at USD101.51mnMENAFN
(MENAFN) Jordan will sign a deal with the EU granting the kingdom almost USD101.51mn in order to support renewable energy projects.Furthemore, the grant will fund the second phase of the renewable ...

more...


 





Google

 
 

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