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The
Group Securities Review of Qatari Economy Data as at the end of
March 2017
April 11, 2017
The Group Securities Company reviews figures of Qatari
economy as reflected in data available to date regarding
population count data, inflation rate, Qatar Stock Exchange
indices, oil prices and their compatibility with the price
approved in the state budget in addition to banks consolidated
balance sheet. The chart published with this report summarizes
the most important economic data that give a brief idea about
the economic situation in the country until the end of
March - except some data which were available only in January.
1. Total Population count register at the end of March
shows an increase of about 14 thousand people, by the rate of
0.5 % to reach 2.659 million people compared to 2.673 million
people at the end of last February, but it was still higher by
5% from what it was a year ago at the end of January 2016, when
it amounted to 2.532 million people.
2.
- The value of traded shares in March increased
by the rate of 53.1% to QR 10.29 billion. In contrast, the
market value of all stock shares by the end of March decreased
QR 21.3 billion to QR 556.3 billion while P/E Ratio dropped to
14.65 by the end of the month.
3.
USD together with Qatari Riyal exchange rate against the euro at the end of
March dropped by the rate of 0.9% to settle at the level of $
1.07 for each euro and dropped against the yen by the rate of
2.3% to the level of 111.4 yen per dollar.
4. Qatar onshore oil price in March dropped by the rate of
6.3% i.e. QR 3.5 per barrel below its price in February to reach
$ 51.70 a barrel. That means the price still remained $6.70
above the price of $ 45 a barrel approved in the state budget.
5. Inflation rate data in March dropped to the rate of
0.9% compared to 0.7% in February. The changes in the sub-groups
were as follows: Decrease by the rate of 2.8% in hotels and
restaurants group, 1.6% in recreation and culture group, 0.4 in
food and beverages group, 1% housing and fuel group, 0.2% health
group, 0.1% communications group. In Contrast, 8% increase in
transport, 3% increase in education, 1.4% in goods and services
group, 1.4% in furniture and equipment group and 0.2% in
clothing and footwear group.
6. Figures of Qatar trade surplus in March 2017 has not
been released and the figures of February showed a surplus of QR
12.3 billion recording an increase of QR 5.2 billion i.e. 74%
above the figures of the corresponding period in 2016. The
surplus also increased QR 1.3 billion i.e. 12.1%
compared to the situation in January 2017.
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