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The Group Securities Review of Qatar Economy Data as at the end
of October 2017
November 08, 2017
The Group Securities Company reviews figures of Qatari economy
as reflected in data available at the end of October 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 October- except some data, which were available only in
August.
1. The total Population Count Register at the end of October
recorded an increase of about 34 thousand people, by the rate of
1.3 % to reach 2.668 million people compared to 2.634 million
people at the end of last September. Yet, it was still higher by
2.2% from what it was a year ago at the end of October 2016,
when it reached 2.610 million people.
2. Qatar Stock Exchange (QSE) benchmark index in October dropped
about 156 points by the rate of 1.9 % to the level of 8156
points, while the value of traded shares dropped 0.9 % to QR 3.6
Billion. On the other
hand, the market value of all shares of the stock market
QR 10.5 Billion by the
end of October to reach QR 444.1 Billion. P/E Ratio dropped to
12.26 by the end of the month.
3. USD together with Qatari Riyal exchange rate against the euro
at the end of October rose by the rate of 2.5 % to settle at the
level of $ 1.16 for each euro and rose against the yen by the
rate of 3.4 % to the level of 114.06 yen per dollar.
4.
Qatar Petroleum
announced that Qatar onshore oil price in October rose $ 4.6
per barrel above its price in September to reach $ 57.4 a
barrel. That means the price at the middle of October remained
$12.854 above the price of $ 45 a barrel approved in the state
budget.
5. Inflation rate data in October has not been released and
September data showed a drop in the inflation rate to 0.50 %
compared to 0.36% in August. The changes in the sub-groups of
goods and services were as follows: Decrease by the rate of 4.7%
in housing and fuel group, 4.5% in recreation and culture group,
1.1% in communication, 1% hotels and restaurants group, 0.8%
goods and service group, 0.6% furniture and 0.5 clothing and
footwear group. In
Contrast, there was an increase in inflation by the rate of 6.1%
in transport group, 3.6% increase in
food and beverage group, 0.4% increase in education, 2.7
increase in health group.
6. Figures of Qatar trade surplus in October 2017 are not
released and the figures of September showed a surplus of QR
12.5 Billion recording an increase of QR 3.7 Billion above the
figures of the corresponding period in 2016 and a decrease of QR
0.2 Billion compared to the surplus in August 2017.
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