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 25 2014 - Qatar's inflation rate to hit 5.5 percentMENAFN
(MENAFN) Qatar's inflation rate in 2014 is expected to touch 5.5 percent due to steady rise in housing rentals, according to the finding of a research conducted by Standard Chartered, The Peninsula ...

 Oct 25 2014 - Flydubai launches two flights to TanzaniaMENAFN
(MENAFN) Dubai-based flydubai's inaugural flights to Dar es Salaam and Zanzibar touched down in Tanzania. The new routes further underline flydubai's rapid expansion in Africa, which has seen the ...

 Oct 25 2014 - UAE air cargo to grow 4.1 percent in 5 yearsMENAFN
(MENAFN) The International Air Transport Association (IATA) Airline Industry Forecast 2014-2018 shows that international freight volumes are expected to increase at a compound annual growth rate ...

 Oct 25 2014 - Qatar- QSL: El Jaish face Al Gharafa todayThe Peninsula
(MENAFN - The Peninsula) Third-placed El Jaish will seek to narrow the gap between them and two higher placed rivals - Lekhwiya and Al Sadd € when they take on Al Gharafa in the ninth round match of ...

 Oct 25 2014 - Somalia- Mogadishu port on development pathThe Peninsula
(MENAFN - The Peninsula) Camels are prepared for export at the loading dock at the seaport in Mogadishu. The Somali government's grand vision for Mogadishu port under its new Turkish managers sees ...

 Oct 25 2014 - Saudi Shias protest death sentencesThe Peninsula
(MENAFN - The Peninsula) More than 100 people protested in eastern Saudi Arabia yesterday to oppose death sentences against a Shia religious leader and seven others convicted after earlier ...

 Oct 25 2014 - Palestine defies US, issues statehood ultimatumThe Peninsula
(MENAFN - The Peninsula) Palestine's chief peace negotiator has laid out in the clearest terms yet plans to establish an independent Palestinian state within three years, even if it means ignoring ...

 Oct 25 2014 - Police kill six militants ahead of key Tunisian pollThe Peninsula
(MENAFN - The Peninsula) Tunisian police killed six suspected militants, five of them women, in a raid on a suburban house yesterday after a 28-hour standoff, fanning tensions ahead of a landmark ...

 Oct 25 2014 - US looking into possible chlorine gas attack in Iraq: KerryThe Peninsula
(MENAFN - The Peninsula) The United States is looking into reports that Islamic State fighters used chlorine gas against Iraqi security forces, US Secretary of State John Kerry said yesterday.Kerry, ...

 Oct 25 2014 - Qatar- Ooredoo marathon offers QR1m prizesThe Peninsula
(MENAFN - The Peninsula) Registration for Ooredoo Doha Marathon 2015 is open, as the company begins preparations to ensure its biggest event yet on January 9.It will provide an opportunity to meet ...

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

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