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The Group
Securities Review of Qatari Economy Data as at the end of April
2017
May 16, 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 April -
except some data which were available only in March.
1. Total Population count register at the end of April shows an
increase of about 16 thousand people, by the rate of 0.5 % to
reach 2.675 million people compared to 2.659 million people at
the end of last March, but it was still higher by 4.5% from what
it was a year ago at the end of April 2016, when it amounted to
2.559 million people.
2. -
The value of traded shares in April decreased by the rate of
54.6 % to QR 4.67 billion. In contrast, the market value of all
stock shares by the end of April decreased QR 14 billion to QR
542.4 billion while P/E Ratio dropped to 14.40 by the end of the
month.
3. USD together
with Qatari
Riyal exchange rate against the euro rose at the end of April by
the rate of 2.8 % to settle at the level of $ 1.10 for each euro
and rose against the yen by the rate of 2.3% to the level of
111.4 yen per dollar.
4. Qatar onshore oil price in April rose by the rate of 1.6 %
i.e. QR 0.85 per barrel above its price in March to reach $
52.55 a barrel. That means the price in the middle of April
still remained $7.55 above the price of $ 45 a barrel
approved in the state budget.
5. Inflation rate data in April dropped to the rate of 0.6%
compared to 0.9% in March. The changes in the sub-groups were as
follows: Decrease by the rate of 2.7 % in hotels and restaurants
group, 2.6% in recreation and culture group, 1.3% in food and
beverages group, 1.5 % housing and fuel group, 0.1%
communications group. In Contrast, there was an increase by the
rate of 8.4% in transport, 3% increase in education,2.6 in
health, 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 April 2017 has not been
released and the figures of March showed a surplus of QR 9.9
billion recording an increase of QR 4.1 billion i.e. 70.7 %
above the figures of the corresponding period in 2016.
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