Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar - FIIs buy QR2.5bn in equities in 2013  Join our daily free Newsletter

MENAFN - The Peninsula - 02/03/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) Buoyed by the MSCI and S&P Dow Jones' decision to upgrade the Qatari market, foreign institutional investors (FIIs) were bullish and turned net buyers in 2013.



The non-Qatari institutions bought, on a net basis, approximately QR2.5bn in equities last year, QNB Financial Services' (QNBFS) 'Qatar Equity Strategy Report 2014' said yesterday.



QNBFS forecasts a strong 12 percent increase in aggregate earnings by key Qatari equities in 2014. With solid earnings growth of 12 percent, QNB believes that the QE index can expand its multiples



Foreign institutions turned bullish in a major way during the fourth quarter of 2013. They were the primary drivers of the Qatar Exchange (QE) index performance in the quarter, pushing the index up by eight percent.



Qatar, the third largest equity market in the GCC, will be upgraded to the MSCI Emerging Market Index from the MSCI Frontier Markets in May 2014. This is likely to result in additional inflows of estimated 500m as funds that track the index take positions in the Qatari market.



"We note as of February 2014, many active funds have already taken the lead with net foreign portfolio investments reaching cira 700m in 2013 and almost 650m currently versus an outflow of approximately 900m in 2012. Subsequent to the MSCI announcement, S&P Dow Jones also announced a similar upgrade, adding Qatar to its own Emerging Markets Index," it said



The QNBFS' strate report expects the upgrade to the MSCI Emerging Markets Index will have a long-term influence for the domestic market. It believes that increased foreign interest will be motivating factor for firms to elevate and enhance their investor relations function with the aim of becoming more open with all stakeholders. Currently, bluechip index heavyweights like QNB Group, Industries Qatar, Ooredoo and other leading players have dedicated investor relations units that facilitate investor awareness and corporate access




Market capitalisation increased by 20.8 percent to reach QR555.6bn against QR459.9bn at the end of 2012. Of the 42 listed companies, 26 companies ended the year higher. The QE benchmark index went up by 24.17 percent in 2013. Qatari investors dominated trading value in 2013. Local individual investors made up 40 percent of the total buying and selling activity in 2013, while local institutional investors contributed 24 percent; non-Qatari institutions made up 22 percent of overall trading activity



Qatari individual investors drove 38 percent of overall buying followed by Qatari institutions (25 percent) and foreign institutions (24 percent). Non-Qatari institutions made a major net buying push in fourth quarter 2013 and bought, on a net basis, roughly QR2.5bn in equities in 2013. Qatari institutions were also net buyers to the tune of almost QR1bn. On the otehrhand, individuals, both Qatari and non-Qatari, were net sellers of Qatari equities in 2013


 


The Peninsula




  MENA News Headlines
 Aug 30 2016 - Petrochemicals production in GCC reaches USD103bnMENAFN
(MENAFN) The GCC States in chemistry saw a five-fold grow in the latest decade, as stated the World Intellectual Property Org.Moreover, petrochemicals annual production hit USD102.6bn in the GCC, ...

 Aug 30 2016 - UAE-Depa revenues jump by 7pct in H1MENAFN
(MENAFN) Depa Limited, UAE-based interior contracting firm posted high net profits amid the first half of this year.Furthermore, the firm earned AED16mn, higher by 6.7 percent from AED15mn for the ...

 Aug 30 2016 - China to sign USD217m retail deal project with OmanMENAFN
(MENAFN) China is ready to sign an agreement with Oman for establishing a network of four shopping and commercial hubs in key locations amid the Sultanate.Additionally, the whole investments in the ...

 Aug 30 2016 - SMEs to allocate USD1.5bn of Expo 2020 Dubai spendMENAFN
(MENAFN) Expo 2020 Dubai proclaimed that 20 percent of its direct and indirect spend; showing more than USD1.36bn in deals will be allocated to SMEs, local and global.Moreover, SMEs play important ...

 Aug 30 2016 - Two sea outfall projects in Oman to be ready by year-endMENAFN
(MENAFN) Almost 85 percent of the two sea outfall projects in Darsait and Al Athabiba have been achieved and the project will be finished by the end of this year.Moreover, Haya Water firm proclaimed ...

 Aug 30 2016 - Saudi, China sign commercial & investment dealsMENAFN
(MENAFN) Saudi Arabia and China signed a number of commercial and investment deals amid the Saudi-China Business Forum.Moreover, one of the deals involved an agreement between the Council of Saudi ...

 Aug 30 2016 - Kuwaiti property sector drops to KWD1.45bnMENAFN
(MENAFN) Sales of the real estate sector in Kuwait dropped by 25 percent to reach KWD1.45bn from the beginning of this year until mid-summer.Furthermore, the sector saw the lowest level of sales in ...

 Aug 30 2016 - Bahrain registers non-oil trade deficit of BHD177mMENAFN
(MENAFN) Bahrain recorded a trade deficit of BD177mn in the non-oil sector in July this year, as stated the Info and e-Government Authority.Additionally, the value of the national exports reached ...

 Aug 30 2016 - Brazil Car Rental Industry and Toll Application Market Outlook To 2020 - Ken ResearchMENAFN Press
(MENAFN Press) Brazil Car Rental Industry and Toll Application Market Outlook To 2020 - Increasing Sporting and Cultural activities and Robust Tourism to Foster Future Growth" provides a ...

 Aug 30 2016 - Jordan trade balance deficit grows by 2.7pct in H1MENAFN
(MENAFN) Exports in the kingdom declined by 7.3 percent amid the first half of this year to almost JD2.51bn, compared with the number posted in the same period last year.Additionally, imports also ...

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