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The Group Securities Review of Qatar Economy Data as at the end
of July 2017
August 08, 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 July- except
some data which were available only in June.
1. Total Population count register at the end of July shows a
decrease of about 74 thousand people, by the rate of 3 % to
reach 2.472 million people compared to 2.654 million people at
the end of last June, but it was still higher by 6% from what it
was a year ago at the end of July 2016, when it reached 2.332
million people.
2. – Qatar Stock Exchange (QSE) benchmark index in July rose
about 375.6 points by the rate of 4.16% to the level of 9406
points, while the value of traded shares dropped 16.7 % to QR
5.48 billion. On the
other hand, the market value of all shares of the stock market
rose QR 80 billion by the end of July to reach QR 509 billion.
P/E Ratio rose to 13.62 by the end of the month.
3. USD together with Qatari Riyal exchange rate against the euro
at the end of July dropped by the rate of 3.5 % to settle at the
level of $ 1.18 for each euro and dropped against the yen by the
rate of 2.2% to the level of 110.70 yen per dollar.
4.
It is estimated that Qatar onshore
oil price in July rose by the rate of 3.7 % i.e. $ 1.70 per
barrel above its price in June to reach $ 48.20 a barrel. That
means the price at the middle of July still remained $3.20 above
the price of $ 45 a barrel approved in the state budget.
5. Inflation rate data in July is not yet released and June data
showed a rose in the rate to 0.8% compared to 0.1% in May. The
changes in the sub-groups were as follows: Decrease by the rate
of 2.2% in hotels and restaurants group, 1.8% in recreation and
culture group, 1.9% in clotheing and footwear group, 2.9 %
housing and fuel group and 0.1% communications group. In
Contrast, 8.9% increase in transport, 3% increase in education,
2.6 health group, 1.4% in furniture and equipment group and 1.2%
in goods and services group and 1.9 % in food and beverages
group
6. Figures of Qatar trade surplus in July 2017 has not been
released and the figures of June showed a surplus of QR 12.5
billion recording an increase of QR 4.9 billion above the
figures of the corresponding period in 2016 and a rise of QR 1.7
billion compared to the surplus in May 2017.
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