Quotes: US 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' strategy 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
 Oct 31 2014 - Saudi Arabia's Sedco Capital eyes $300m Europe real estate dealThe Peninsula
(MENAFN - The Peninsula)  Jeddah-based Islamic investment firm Sedco Capital plans to arrange a club investment of up to $300 million in European real estate, and will soon distribute its Luxembourg ...

 Oct 31 2014 - Qatar Exchange index falls on heavy sell-offThe Peninsula
(MENAFN - The Peninsula)  Qatari stocks plunged on heavy profit-taking yesterday, a day after Federal Reserve announced its decision to wound up its over five-year-long quantitative easing stimulus ...

 Oct 31 2014 - Kuwait prioritizes protection of human rights - EnvoyKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  The State of Kuwait on Thursday reaffirmed respect for human rights out of belief in their crucial role in the achievement of sustainable development.The Kuwaiti ...

 Oct 31 2014 - Kuwait welcomes Sweden's recognition of Palestinian statehoodKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  Kuwait welcomes Sweden's decision to recognize Palestine as an independent state, a senior Foreign Ministry source said on Thursday.The decision comes in line ...

 Oct 31 2014 - Ban condemns Sudan hostilitiesKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  UN Secretary General Ban Ki-moon strongly condemned the resumption of hostilities between the Sudan People's Liberation Army (SPLA) and Opposition forces in ...

 Oct 31 2014 - US, Israeli officials discuss ISIL, IranKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  Senior US officials working on the Obama Administration's counterterrorism strategy met with their Israeli counterparts on Thursday for the semi-annual meeting ...

 Oct 31 2014 - Kuwaiti Speaker condemns Israeli closing of Aqsa MosqueKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  We condemn the unjustly Israeli act of closing the Holy Aqsa Mosque in the face of worshippers, Kuwait's National Assembly Speaker and Chairman of the Arab ...

 Oct 31 2014 - S. Korean Pres. calls for more economic ties with Saudi ArabiaKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  South Korean President Park Geun-hye on Friday called for expanding economic ties with Saudi Arabia, saying the two countries should seek exchanges in new areas ...

 Oct 31 2014 - EU condemns ISIL atrocities in IraqKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))  The EU Friday expressed condolences to the families of the tribesmen who were killed in recent ISIL atrocities in the Anbar province, as well as to the families ...

 Oct 31 2014 - OPEC basket price down by 45 cents to USD 82.79 pbKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA))   OPEC daily basket price stood at USD 82.79 a barrel Thursday compared with USD 83.24 the previous day, the cartel said on Friday.The annual rate of the OPEC ...

more...


 






Google

Click to Apply

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help