The Group Securities: Weekly Report on QSE Performance, 2-6 July 2017

After Eid holidays, QSE performance slowed down as most investors were on vacation, or probably in wait for the semi-annual results of the QSE-listed companies. The market was also anxious about the prospect of an escalation by the blockading countries after the end of the deadline last Thursday. Total trading volume declined to QR1.37 billion. General index dropped by 108 points to the level of 8923 points. Total capitalization fell by QR 479.7 billion. Price-earnings ratio shrank to 12.59 times the original price. non-Qatari individual investors sold net worth QR77.7 million. The Group reviews QSE performance in this week with illustrative charts combined with corporate business news, and a list of the affecting economic factors.

Corporate News:

1--Several companies announced their intention to release their financials for the first half of this year in the upcoming weeks.

Economic Developments

1-- Qatar's central bank announced the result of the treasury bills conducted on 04 July 2017. All of the three-, five-, seven-, and nine-month bills on offer were sold at a value of QR 1billion.

2--Banks consolidated balance sheet for May has been released. The data shows a rise in total assets by about QR 5.4 billion to stand at QR 1313.5 billion.  The total domestic public debt, including bonds, decreased by about QR 6.8 billion to QR 457.6 billion, while the total domestic private sector deposits increased by QR 2.5 billion to the level of QR 441.6 billion.

3--Qatar Petroleum (QP) has announced its onshore crude oil official prices for June. The company set Qatar offshore crude oil price at $46.50per and offshore at 45.85 dollars per barrel. OPEC oil prices increased again at the beginning of the week only to settle at the level of 46.52 dollars by the end of week, slightly up by 3.38 dollars.

4-- Last week, Dow Jones index gained 4 points to reach the level of 21414 points. US Dollar exchange rate increased to the level of 113.89 yen, and $ 1.14 per Euro. Gold price decreased by 41 dollars to the level of $ 1212 per ounce.