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The Group
Securities: Overview of Qatari Economy Statistics in November
The Group Securities presents figures of the Qatari economy as
reflected in the data available by the end of November. Data
includes population and inflation figures, Qatar Stock Exchange
Indices, oil prices in relation to the approved price in the
public state budget, and the banks’ consolidated balance sheet.
The illustrative info graph sums up the key economic data to
present a snapshot of the economic situation prevalent till the
end of November – except for some data relating to October only.
1.
By the end of November, local
population increased by about 15,000 people, or 0.5%, to a total
of 2.683 million, compared to 2.668 million at the end of
October. On an annual basis, the populace increased by 1.7%,
compared to the 2.638 million in the previous year.
2.
QSE’s General Index dropped by 450.8
points, a percentage of 5.52% to settle at 7714.3 points. While
the trading value of shares increased by 19.4% to QR4.25
billion, total capitalization slipped by QR25.9 billion to
QR418.2 billion by the end of November. P/E ratio declined to
stand at a multiple of 11.54 by end of the month.
3.
U.S. Dollar exchange rate fell against
the Euro -- along with the Qatari Riyal-- by 2.6% to $1.19 per
Euro, and by 1.7% against the Yen to
￥112.10 per U.S. dollar.
4.
The price of Qatar's onshore oil
climbed by 9.1% to hit $62.64 a barrel in November, an increase
of $5.24 per barrel compared to October. Thus, the price per
barrel remained higher by $17.64 than the budget price.
5.
Inflation data for November has not
yet been released. October data, on the other hand, showed an
increase of 0.20%, compared to the negative 0.50% in September.
Changes in subgroups were as follows: Housing and fuel decreased
by 5.4%, entertainment and recreation by 2%, telecommunications
by 1.1%, restaurants and hotels by 1%, furniture by 0.3%, and
clothing and footwear by 0.5%. On the other hand, transport
increased by 7.8%, food and beverages by 4.9%, health by 3.6%,
education by 0.4%, and the figures relating to restaurants
remained unchanged.
6.
Trade Balance data for November has
not yet been released. October’s data however showed a trade
surplus of QR8.7 billion, an increase of QR1 billion, or 12%
compared to October 2016. Yet, in comparison to September 2017,
Trade Balance showed a drop of QR3.9 billion or 30.9%. Qatar
Central Bank data showed that in October reserves and liquidity
increased by around QR1.9 billion compared to September, thus
reaching QR131.5 billion.
7.
Banks’ consolidated balance sheet for
October has not yet been released, but that of October showed a
drop of QR18.1 billion in the total assets to QR1318.7 billion;
the rise of the total government and public sector credit,
including bonds by QR8.8 billion, settling at QR484 billion. The
private sector credit also increased by about QR4.8 billion to
the level of QR458.7 billion.
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