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The Group Securities Review of Qatar Economy Data as at the end
of September 2017
October 05, 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 September-
except some data, which were available only in August.
1. Total Population Count Register at the end of September –
i.e. after the end of summer leave - shows an increase of about
30 thousand people, by the rate of 7.7% to reach 2.634 million
people compared to 2.442 million people at the end of last
August, but it was still higher by 3.2% from what it was a year
ago at the end of September 2016, when it reached 2.552 million
people.
2. – Qatar Stock Exchange (QSE) benchmark index in August
dropped about 488 points by the rate of 5.55 % to the level of
8312 points, while the value of traded shares rose 7 % to QR 4
billion. On the other
hand, the market value of all shares of the stock market
decreased QR 22.1 billion by the end of September to reach QR
454.6 billion. P/E Ratio dropped to 13.62 by the end of the
month.
3. USD together with Qatari Riyal exchange rate against the euro
at the end of September rose by the rate of 8.0 % to settle at
the level of $ 1.18 for each euro and rose against the yen by
the rate of 2 % to the level of 112.46 yen per dollar.
4.
Qatar Petroleum
announced that Qatar onshore oil price in September rose $
3.95 per barrel above its price in August to reach $ 54.85 a
barrel. That means the price at the middle of September remained
$9.85 above the price of $ 45 a barrel approved in the state
budget.
5. Inflation rate data in September is not released and August
data showed a drop in the inflation rate to 0.36% compared to
0.2% in July. The changes in the sub-groups of goods and
services were as follows: Decrease by the rate of 4% in housing
and fuel group, 3.8% in recreation and culture group, 3.1% in
clothing and footwear group, 1.6 % goods and services group and
1.1% communications group, 0.7% hotels and restaurants group and
0.7 furniture and equipment group. In Contrast, 6.3% increase in
transport group, 2.8% increase
food and beverage group, 3% increase in
education, 2.8 increase in health group.
6. Figures of Qatar trade surplus in September 2017 are not
released and the figures of August showed a surplus of QR 12.6
billion recording an increase of QR 3.9 billion above the
figures of the corresponding period in 2016 and a rise of QR 0.6
billion compared to the surplus in July 2017.
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