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
 Nov 29 2015 - Detained journalists urge EU not to compromise with Turkey on rightsAsia Times
(MENAFN - Asia Times) Can Dundar (R) and Erdem Gul speak to the media outside a courthouse in Istanbul Thursday European diplomats have been measured in their criticism of media freedom in ...

 Nov 29 2015 - Putin approves economic sanctions against TurkeyAsia Times
(MENAFN - Asia Times) (From RT) Russian President Vladimir Putin formally signed a decree imposing a package of economic sanctions against Turkey ignoring a reconciliatory move by Turkish ...

 Nov 29 2015 - Saudi- Sir Syed an epitome of unity and tolerance: Raj BabbarArab News
(MENAFN - Arab News) RIYADH: Sir Syed Ahmed Khan truly inspires us showing the way for tolerance and unity in diversity by considering Hindus and Muslims as two eyes of India; and if one of them is ...

 Nov 29 2015 - Saudi- New tax will hit 'a few land owners'Arab News
(MENAFN - Arab News) RIYADH: The real estate sector is upbeat about the recent Cabinet decision to impose a 2.5 percent tax annually on vacant land in urban areas saying that the move will create ...

 Nov 29 2015 - SJAHI marks 60 years of Saudi Japan tiesArab News
(MENAFN - Arab News) JEDDAH: A seminar on energy efficiency in the automobile sector was held as part of the 60th anniversary of the establishment of diplomatic relations between Saudi Arabia and ...

 Nov 29 2015 - Saudi- Pilgrim killed 17 injured in road accidentArab News
(MENAFN - Arab News) MAKKAH: An Umrah pilgrim was killed and 17 others one of them critically were injured when their bus hit a truck on the Madinah-Makkah highway early Friday morning. The bus ...

 Nov 29 2015 - Saudi- Action urged against child abuseArab News
(MENAFN - Arab News) RIYADH: Top academics have called for a concerted drive against domestic violence in cases involving child abuse. Describing it as a global phenomenon they called for raising ...

 Nov 29 2015 - Saudi- New Causeway system put offArab News
(MENAFN - Arab News) JEDDAH: Abdul Rahman Al-Yahya director general of the Passport Department announced that plans to set up a one-stop border crossing post at King Fahd Causeway have been ...

 Nov 29 2015 - Saudi- Incentive for border health workersArab News
(MENAFN - Arab News) JEDDAH: The director of the Health Department in Jazan Ahmed bin Mohammed Al-Sahli has said that the Health Ministry will pay SR20 million to workers at hospitals in the southern ...

 Nov 29 2015 - Bahrain hits out at Iranian meddlingArab News
(MENAFN - Arab News) MANAMA: Bahrain has again warned Iran against interfering in its internal affairs. The Ministry of Foreign Affairs summoned the charge d' affaires of Iran's Embassy in Bahrain ...




Internatinal Property Show


Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

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


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


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