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
 May 29 2016 - Turkey- Erdogan slams US 'support' for Syrian Kurdish groupsThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) President Recep Tayyip Erdogan condemned on Saturday what he called the United States’ “support” for Syrian Kurdish groups the PYD and YPG. ...

 May 29 2016 - Iraq anti-Daesh operation leaves civilians trappedThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Civilians who have fled Fallujah in recent days said they were exposed to random shelling by the Iraqi air forces as they left the city. Following a harsh ...

 May 29 2016 - 40,000 Syrian families flee Daesh attacks on AleppoThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The Daesh terrorist group’s attacks on Aleppo’s Azaz district have forced 40,000 families to flee their homes, a humanitarian relief official ...

 May 29 2016 - Turkey- UNHCR worried about 165,000 displaced near Syrian townThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The UNHCR on Saturday expressed acute concern about nearly 165,000 displaced persons massing near a town in northern Syria. In a written statement, the UN's ...

 May 29 2016 - Mavi Marmara victims commemorated in TurkeyThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) About 200 people gathered Sunday outside Israel’s embassy in Turkey's capital to mark the sixth anniversary of the deadly attack on the Gaza-bound Mavi ...

 May 29 2016 - Artillery, air operations 'kill 40 Daesh' in SyriaThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Turkish military sources on Sunday said a total of 40 Daesh terrorists were killed in northern Syria during an operation by the Turkish Armed Forces and the ...

 May 29 2016 - Hundreds attend funeral of Palestinian killed by IsraelThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) Hundreds of Palestinians on Saturday attended the funeral of a youth who was controversially killed by an Israeli soldier two months ago. Large crowds ...

 May 29 2016 - UN: Syrian regime blocked 60 pct of aid convoys in MayThe Journal Of Turkish Weekly
(MENAFN - The Journal Of Turkish Weekly) The Syrian regime has allowed only 14 out of 35 UN aid convoys in May, a senior UN official said. “Deliberate interference and restrictions by the ...

 May 29 2016 - UN: 700 migrants feared dead in Mediterranean shipwrecksSaudi Press Agency
(MENAFN - Saudi Press Agency) POZZALLO, Italy, Sha'ban 22, 1437, May 29, 2016, SPA -- The UN refugee agency said over 700 migrants are feared dead in three Mediterranean Sea shipwrecks south of ...

 May 29 2016 - Saudi- Jordanian monarch dissolves parliament, names new premierSaudi Press Agency
(MENAFN - Saudi Press Agency) Amman, Sha'ban 22, 1437, May 29, 2016, SPA -- Jordanian King Abdullah II dissolved parliament on Sunday, dpa reported. A royal decree, carried by state television, ...

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