The Group Securities: Overview of Qatari Economy Statistics in June
2018
June 5, 2018
The Group Securities presents figures of the Qatari economy as
reflected in the data available by the end of June 2018. 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 infographic sums up the key economic data to
present a snapshot of the economic situation prevalent till the
end of June compared to the previous two months – except for
some data relating to May only.
1-
By the end of June, local population decreased by about 151,000
people due to the holidays season to a total of 2.581 million,
compared to 2.732 million at the end of May. On an annual basis,
the populace increased by 1.4%, compared to 2.546 million by the
end of June 2017.
2-
QSE’s General Index rose by 143.5 points to settle at 9024 points
by the end of June. Although, the total value of traded shares
decreased by QR2.9 billion to QR7.97 billion, the total
capitalization increased by QR1.9 billion to QR493.7 billion by
the end of June, and the P/E ratio declined to a multiple of
12.54.
3-
U.S. Dollar exchange rate increased - along with the Qatari Riyal -
against the Euro to the level of US $1.16 per Euro by the end of
June, and rose against the Yen at ¥110.61 per U.S. dollar.
4-
The price of Qatar's onshore oil dropped by about US $1 to hit US
$76 a barrel in June. In the middle of June, the price per
barrel remained above the 2018 budget price by about US $31 per
barrel.
5-
Inflation data for June has not yet been released. May’s data, on
the other hand, showed inflation increasing by 0.5%, from 0.1%
recorded in the month of April. Changes in subgroups were as
follows: Housing and fuel decreased by 4.8%, entertainment and
leisure dropped by 2.4%, and telecommunications fell by 1%. In
contrast, transport increased by 7.8%, food and beverages by
1.8%, and health rose by 3.4%.
6-
Trade Balance data for June has not yet been released. May’s data
however showed a trade surplus of QR14.9 billion, an increase of
QR4.2 billion, or 39.5% compared to the same month from 2017,
and an increase of QR0.1 billion, or 0.5% for the previous month
of April.
7-
Banks’ consolidated balance sheet for June has not yet been
released, but that of May showed a decrease of QR6.8 billion in
the total assets to QR1346.5 billion; and the rise of the total
government and public sector credit, including bonds by QR5
billion, settling at QR461.7 billion. The private sector credit
increased by about QR4 billion to the level of QR488 billion.
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