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' 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
 Jul 5 2015 - Emaar Misr to add USD2.26b to market capitalizationMENAFN
(MENAFN) Emaar Misr will add USD2.26 million to the market capitalization after being listed over the Cairo bourse, according to the bourse chief, Amwal Alghad reported.The affiliate of the United ...

 Jul 5 2015 - Saudi Looks for 'Guinness' Record with 50,000 Coins MuralSaudi Press Agency
(MENAFN - Saudi Press Agency) A Saudi citizen seeks to set a Guinness Record with drawing the largest painting mural in the world with more than 50,000 coins, in support of his talent initiated since ...

 Jul 5 2015 - PM: Jordan is a stable country with well-defended bordersJordan News Agency
(MENAFN - Jordan News Agency) Prime Minister Abdullah Ensour said Jordan is a stable country, owing its security to the wisdom of its leadership and its people's awareness, which are its source of ...

 Jul 5 2015 - Jordan- Moderate weather forecast until TuesdayJordan News Agency
(MENAFN - Jordan News Agency) The weather will be moderate until Tuesday in the hilly areas while it will be relatively hot to hot in the Badia, the Jordan Valley and Aqaba with high clouds and ...

 Jul 5 2015 - Israeli forces arrest 9 PalestiniansJordan News Agency
(MENAFN - Jordan News Agency) Israeli occupation troops arrested 9 Palestinians in the occupied West Bank, the Palestinian Interior Ministry said in a statement Sunday.The occupation forces broke ...

 Jul 5 2015 - Jordan- Border guards receive 275 new Syrian refugeesJordan News Agency
(MENAFN - Jordan News Agency) A total of 275 Syrian refugees from various age groups, entered the Kingdom through various crossing points during the past 72 hours.The border guards provided the ...

 Jul 5 2015 - Kuwait- His Highness the Amir cables President of Venezuela on nat'l dayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent on Sunday to the President of Venezuela Nicolas Maduro a cable of congratulation on the ...

 Jul 5 2015 - Kuwait- Message from His Highness the Amir delivered to Nicaraguan PresidentKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The State of Kuwait's non-resident ambassador to Nicaragua, Samih Johar Hayat, has delivered a message from His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber ...

 Jul 5 2015 - Kuwait- His Highness the Amir cables President of Cape Verde on nat'l dayKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah sent on Sunday to the President of Cape Verde Jorge Carlos Fonseca a cable of congratulation on the ...

 Jul 5 2015 - Terrorism main topic of Arab Parliament's urgent meetingKuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Arab Parliament (AP) held an urgent meeting here Sunday which focused on the recent terrorist attacks that hit a number of Arab countries.A press release by ...

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

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