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MONDAY 4 JANUARY 2021
QSE FTSE 100 DOW BRENT6,460.52 -95.30 (1.45%) 30,386.17 -23.39
(0.077%) $48.30 (+0.18) 10,437.50 +1.54 (0.01%)
OPEC ready to adjust oil output increases: BarkindoOpec now
expected global oil demand to rise to 95.9 million b/d in 2021, or
by 5.9 million b/d from 2020, as the global economy is forecast to
grow by 4.4 percent.
BUSINESS | 02Mohammad Barkindo Opec Secretary-General
Business
Growing number of Qatari entrepreneurs have seen their
businesses sustained, even during the COVID-19 pandemic because of
their online stores.
MoTC forum highlights role of new technologiesTHE PENINSULA —
DOHA
The Ministry of Transport and Communications (MoTC) wrapped up
its virtual forum on “New Technologies and Digital Transformation”,
organised last week by MoTC’s Digital Industry Department
represented by the Digital Transformation of SMEs Program in
cooperation with the UN Economic and Social Commission for Western
Asia (ESCWA).
The one-day forum, which attracted some 240 attendees,
highlighted the role of the new technologies, particularly AI, in
accelerating the digital
transformation. It will also discuss digital transformation’s
concepts, challenges, socioeco-nomic impact and best regional and
global practices on devel-oping relevant plans and pol-icies with
an overview of global and regional indicators meas-uring national
progress in digital transformation.
The event’s three sessions revolved around digital
trans-formation and AI, AI application cases in Qatar and the
digitizing of SMEs in the Arab region. The forum featured some
renowned local and international speakers with experience in the
domain.
In this context, the Assistant
Undersecretary of Digital Society Development, MoTC, Reem
Mohammed Al Mansoori
said that the world is living the era of digital transformation
where brand-new technology
trends are grabbing headlines such as machine learning, IoT and
big data and one of those key technologies is the artificial
intelligence, which is becoming one of the most powerful drivers of
digital transfor-mation. She said that AI is helping transforming
busi-nesses in almost all industries and when it comes to SMEs, AI
helps increase business effi-ciency, save time and effort, increase
productivity and improve products and customer experience.
Digitally transforming the SMEs has been one of MOTC’s
priorities over the past three
years and our Digital Transfor-mation of SMEs Program has to
date provided over 400 work-shops to more than 8000 enter-prises in
many sectors, aiming to raise awareness of using, adopting and
benefiting from the potentials of digital technology and this
helped them withstand the impacts of the pandemic, Ms. Al-Mansoori
added.
The Regional Advisor on Technology for Development at UN-ESCWA,
Dr. Mohamed Nawar Al Awa, said that digital transformation
represents today an opportunity to provide new development
opportunities. �P2
Experts during virtual forum on ‘New Technologies and Digital
Transformation’.
Minister of Commerce and Industry, H E Ali bin Ahmed Al Kuwari,
received in his office yesterday, Kimberly Reed, President of the
Export-Import Bank of the United States (EXIM), and the
accompanying delegation currently visiting the country. During the
meeting, the officials stressed on their commitment to
collaborating globally to advance economic prosperity and security
for the two nations. Working together, MoCI and EXIM have agreed to
strengthen communication regarding mutual investment opportunities
to support economic development in the region, particularly in the
infrastructure, energy and telecommunications sectors.
MoCI and EXIM agree to strengthen ties Qatar’s abaya fashion
industry thrives onlineLANI ROSE R DIZONTHE PENINSULA
Qatar’s abaya fashion industry, which is increasingly becoming
more competitive, is seeing brisk business in different online
platforms, particularly social media channels such as
Instagram.
Growing number of Qatari entrepreneurs have seen their
businesses sustained, even during the COVID-19 pandemic because of
their online stores.
Young Qatari business-women Huda Al Khuleifi, designer and owner
of White Abaya and Khuloud Al Sahlawi, designer and owner of
Eternity Abayas, are among those entreprenuers.
“At the beginning of the pandemic, my sales were not affected at
all. It even increased the online purchasing by up to 30 percent. I
also started doing videos on Instagram so that they can see the
exact model, size, and colours of the abayas. I was still receiving
orders from other countries in the GCC region and worldwide
including the UK and US. There were still many customers buying
from
me for the Eid and Ramadan,” Al Sahlawi said while talking to
The Peninsula on the sidelines of the Merwad 5 expo yesterday.
She added that she also expanded her business during the
pandemic by starting a new line of kaftan or dresses for people to
wear at home amid the restrictions on public gath-erings, which had
eventually affected her sales.
“I had to do something. I used my creativity and expanded the
business. We’re now in the middle of recovery. And we’re seeing
sales starting to pick up again gradually. But the online sales
have sustained the business,” Al Sahlawi added.
Al Khuleifi is also optimistic that with more public gath-erings
opening up again, the sale of abayas will also pick up.
“At the middle of the pan-demic, the shop had to close for four
months. People were not wearing abayas because there were no
gatherings. But people are starting to go out more now, and we also
have the vaccines. Even my other (abaya designer) friends are also
having more sales now,” she added.
Al Khuleifi, who is also a graphic designer, has started her
abaya business in 2019. She said majority of her sales come from
her online store on Instagram which she also created the same
year.
“Selling online is faster and easier. They can see the abayas
and make their orders online. The customers also prefer to have
their orders delivered to their homes. They only tell me their
measurements; I make the abayas and have them delivered to the
clients. It’s all online now. All businesses, even for abayas,” Al
Khuleifi added.
The Qatari market for abayas has grown more com-petitive. And
entrepreneurs like Al Sahlawi and Al Khuleifi need to be more
innovative to keep up with the growing compe-tition. �P2
A view of the fifth edition of Merwad Exhibition at the DECC.
PIC: ABDUL BASIT/ THE PENINSULA
New board member andGM of QEWC appointedTHE PENINSULA — DOHA
Based on the decision of the Board of Directors of the Qatar
Electricity and Water Company (QEWC), Eng. Mohammad Nasser Al Hajri
(pictured) was appointed as a member of the Board of Directors and
General Director of the Qatar Electricity and Water Co, as of
January 1, 2021.
On this occasion, Minister of State for Energy Affairs, Chairman
of the Board of Directors of the Qatar Elec-tricity and Water
Company, H E Eng. Saad bin Sherida Al Kaabi, welcomed Eng. Mohammed
Nasser Al Hajri, wishing him success in per-forming his duties.
Eng. Mohammad Al Hajri holds a master’s degree in gas
engineering from the Uni-versity of Salford in the United Kingdom,
and a bachelor’s degree in chemical engineering from Qatar
University, where he joined Qatar Petroleum in 1991.
Engineer Mohammad Nasser Al Hajri has more than 28 years of long
experience with energy, oil and gas field and has held many
positions, including Executive Vice Pres-ident for Petrochemical
and I n d u s t r i a l P r o j e c t s
Development in Qatar Petroleum, Vice Chairman of the Board of
Directors of Qatar Industries and Managing Director of Qatar Steel
and has participated in the devel-opment of a number of
Elec-tricity and water projects and chaired the board of directors
of Ras Girtas Power Co.
The Qatar Electricity and Water Company is a Qatari public
shareholding company established in 1990 in accordance with the
provisions of the Qatar Commercial Com-panies Law for the purpose
of owning and managing power generation and water desali-nation
plants and selling its products. It is one of the first private
sector companies in the region that operate in the field of
electricity production and water desalination.
Deutsche Bank CEO seeks key role in banking
consolidationBLOOMBERG
Deutsche Bank AG Chief Exec-utive Officer Christian Sewing wants
Germany’s largest lender to play an active role in a possible
consolidation of Europe’s financial services industry, he told Welt
am Sonntag in an interview.
The performance of the bank has been steadily improving, and
that’s why the company isn’t willing to be a junior partner if
mergers and acquisitions are discussed, Sewing told the Sunday
paper. “That’s also important for Germany,” the CEO said. “Being
dependent on imports of financial services would be a strategic
mistake.”
Deutsche Bank said last month that a trading rally that lifted
revenue last year will help boost growth through 2022, as Sewing
relies increasingly on investment banking for his turn-around plan.
Profit from lending is under pressure due to Europe’s negative
interest rates. Still, the cost-cutting and sales at the bank’s
private and cor-porate customer business are developing "absolutely
according to plan,” he said.
Outsourcing costs Mexico 277,000 jobsREUTERS — MEXICO CITY
Mexican President Andres Manuel Lopez Obrador has said that
Mexico had lost 277,000 jobs in the month of December, which he
attributed to subcontractors cutting employees from the books to
avoid paying benefits and year-end bonuses.
“Outsourcing companies dismiss many workers
registered in the Mexican Social Security Institute (IMSS) so
they don’t have to pay benefits or give them bonuses, and for that
reason after we had been gaining jobs month after month, we lost
277,000 jobs in December,” said Lopez Obrador in a video published
to Twitter Saturday. Lopez Obrador has championed a bill which
would ban companies
from subcontracting jobs to third-party firms, which now employ
some 4.6 million workers throughout Mexico, except in cases where
workers are needed for special services beyond a company’s main
business.
The parliamentary debate on the legislation is expected to take
place in February, after Congress reconvenes from its winter
recess.
-
02 MONDAY 4 JANUARY 2021BUSINESS
BUSINESS BRIEFS
The Philippine Stock Exchange is aiming for more companies to go
public this year even as the eco-nomic environment "remains
fragile,” according to President and Chief Executive Officer Ramon
Monzon.
The stock exchange has a tar-get for at least three companies
and four real estate investment trusts to hold initial public
offerings in 2021, Monzon said in a statement. More REITs are
expected to list once the Securities and Exchange Commis-sion
approves proposed changes to the main and small enterprises boards’
IPO rules, he said.
The Philippines is forecast to start growing only in the second
quarter of 2021, putting it among the slowest to recover from the
corona-virus pandemic that has ravaged the global economy. The
central bank, which held its key interest rate last month at a
record-low 2%, has said it stands ready to use a full range of
tools to boost growth. -BLOOMBERG
ADDIS ABABA: The African Union (AU) has urged all the countries
of the continent to ensure economic recov-ery from the coronavirus
pandemic as the New Year begins. “As we mark the end of the year
2020, we also mark the end of one of the most extraordi-nary and
challenging years in living memory,” Xinhua news agency quoted AU
Chairperson Moussa Faki Maha-mat as saying in a statement.
Mahamat warned that “the challenging task of protecting our
health and livelihoods, while ensur-ing recovery of our economies,
still lies ahead as we begin a new year”.
According to Mahamat, the AU’s continental response initiative,
as part of the 55-member pan-Afri-can bloc’s aspiration in
supporting member states with preparedness, response and recovery
from pub-lic health emergencies, kicked in early and fast by the
Africa Centers for Disease Control and Prevention (Africa CDC).
-IANS
Banks want to raise the limit on UK contactless payments to £100
($137), potentially one of the first divergences from European
Union standards, the Times reported. UK finance, an industry body,
and card processing networks have pitched the idea to the Treasury,
according to the Times.
The proposed limit is more than double the existing cap of £45,
the maximum allowed under EU-wide rules. The UK is at the start of
forg-ing a new relationship with the bloc after clinching an
historic trade deal in late December.
Concerns about the spread of Covid-19 have prompted UK stores
and consumers to increasingly prefer contactless forms of payment.
The limit has already been raised once this year, from £30 in
April, as part of the financial industry’s response to the
pandemic. -BLOOMBERG
Philippine bourse eyes more IPOs in 2021 amid ‘fragile’
recovery
African nations urgedto ensure economicrecovery this year
UK financial industry proposes higher contactless payment
cap
al khaliji Board of Directors meeting on January 27THE PENINSULA
— DOHA
Al Khalij Commercial Bank (al khaliji) PQSC announces that its
Board of Directors will meet on January 27 to approve and disclose
year-end 2020 results.
Opec ready to adjust oiloutput increases: BarkindoREUTERS —
LONDON/MOSCOW
OPEC and its allies, led by Russia, stand ready to adjust their
plans for a gradual increase in oil output by 2 million barrels per
day in the next months depending on market conditions, OPEC
Secretary-General Mohammad Barkindo said yesterday.
Barkindo was speaking at a meeting of experts of OPEC and
allies, a group known as OPEC+, according to remarks published by
OPEC. OPEC+ will meet today to decide output policies for
February.
In December, OPEC+ decided to increase production by 0.5 million
bpd from January as part of the 2 million bpd rise but some members
have questioned the need for a further increase from February due
to spreading coro-navirus infections.
OPEC+ was forced to cut pro-duction by a record amount in 2020
as global lockdown measures against the virus hammered demand for
fuels. OPEC+ first cut output by 9.7 million bpd, then eased cuts
to 7.7 million and ulti-mately to 7.2 million from January.
Barkindo said OPEC now expected global oil demand to rise to
95.9 million bpd in 2021, or by 5.9 million bpd from 2020, as the
global economy is forecast to grow by 4.4 percent.
Even though development of coronavirus vaccines have injected
optimism into the global economy and oil markets, the
rise in oil demand would still fail to bring consumption to
pre-pandemic levels of around 100 million bpd.
OPEC’s latest December forecast was lower than the pre-vious
forecast of a 6.25 million bpd rise in 2021 because of the
lingering impact of the corona-virus pandemic.
Brexit is a new world businesses still need to figure
outBLOOMBERG
British businesses probably didn’t expect to start 2021 worrying
about wooden pallets after a year of grappling with the coronavirus
and a meltdown in the economy.
Yet as they start a new rela-tionship with the European Union,
securing a supply of heat-treated platforms - baked to 56 degrees
Celsius (133 degrees Fahrenheit) for at least 30 minutes - is now
one of the myriad issues they face.
The 1,200-page trade deal struck by Prime Minister Boris Johnson
after a little over nine months of negotiations ended the
uncertainty that the UK would crash out of the bloc in chaos. While
the zero-tariff, zero-quota accord is a relief for British
companies, it only marks the next stage in the evolution of the
Brexit process - and potentially the most difficult one.
Be it wooden pallets for shipping goods, customs paperwork, new
fish quotas or the recognition of professional qualifications, the
next few months will be a case of figuring out the consequences of
not just
what’s in the historical agreement, but also what’s not.
“It’s going to be a marathon, a very long marathon,” said Mark
Price, former deputy chairman of retailer John Lewis Partnership
and a former UK trade minister. “This is why trade deals normally
on average take about seven years to agree as they are hugely
complex.”
Johnson hailed the agreement with the EU four and a half years
after Britain voted to leave and said it will “drive jobs and
prosperity across the whole continent.” But it will take time to
divine whether that prediction ultimately will come true.
Bloomberg Economics esti-mates that UK growth will be half a
percentage point lower per year for the next decade compared with
if the country had stayed in the now 27-member single market. It
forecast the economy will expand 6 percent this year, though that
was before the latest tightening of England’s COVID-19
restrictions.
In the meantime, busi-nesses have to contend with paperwork
before more complex issues can be
resolved, such as the financial services industry’s future in
the EU. There are also regula-tions around rules of origin
determining what goods can be exported to the EU that need to be
navigated. Mutual recognition of standards, which would allow firms
to make products in the UK and market them in the EU without any
extra certification, isn’t part of the deal.
“There are likely to be a thousand separate unintended
consequences from a trade deal of such scale,” said Will Hayllar, a
partner in the consumer goods practice at OC&C Strategy
Con-sultants Ltd. While “many things will get flushed out in time,”
there will be uncertainty for businesses “in the intervening period
when they have to decide if they will comply with everything or
not.”
Take wooden pallets. With Britain now having “third country”
status with the EU, exporters and importers must comply with rules
on pre-venting the spread of pests and diseases. It may take some
dis-ruption to trade for the EU to agree on a solution, said
Dominic Goudie, head of inter-national trade at the Food and Drink
Federation.
“Heat-treated wooden pallets are not needed for safety reasons
and just add extra costs and this is something that should and
could have been resolved before now,” said Goudie. Britain’s food
and drink industry alone could face an additional £3bn ($4bn) of
extra costs a year from increased bureaucracy, the group
estimates.
Indeed, when disruption comes, it comes quickly. Dover,
Britain’s busiest port, has only just cleared a backlog of
thou-sands of trucks after France shut its border for two days in
December because of the new strain of the coronavirus that’s forced
much of Britain into another lockdown.
Companies have sought other routes. Deutsche
Lufthansa AG flew another Boeing Co. 777F with fruit,
veg-etables, clothing, medical equipment and jet-engine parts from
Frankfurt to Doncaster-Sheffield Airport in England on
Thursday.
Irish officials also warned of potential delays from early next
week. Around 410,000 trucks or vans come through Dublin port each
year from the UK and before Brexit virtually all would have passed
unencumbered. More than a quarter of these vehicles will contain
food or animals that now have to be checked.
For one, the auto industry has maintained a consistently dim
view as to just how smoothly trade between the UK and EU will be,
even though the Brexit accord spared manufac-turers 10 percent
tariffs on cars and 4 percent levies on components.
“Immediate costs and friction are inevitable,” said Mike Hawes,
the chief exec-utive officer of the Society of Motor Manufacturers
and Traders. “Brexit has always been about damage limitation.”
Wooden pallets for shipping goods across the Channel will be
impacted by Brexit.
Iran firms to sign$1.2bn in deals toboost oil
productionBLOOMBERG
Iranian energy companies have agreed deals worth $1.2bn to raise
the nation’s crude output, state-run National Iranian Oil Co.
said.
The signings were initially meant to take place today in Tehran
in the presence of Oil Minister Bijan Namdar Zan-ganeh, but have
been delayed, NIOC said in a statement. The company didn’t disclose
the reason for or length of the delay.
Zanganeh said in mid-December that Iran planned to roughly
double oil pro-duction in the next year to 4.5 million barrels
daily, as the country anticipates a loos-ening of US sanctions
after J o e B i d e n b e c o m e s president.
National Iranian South Oil Co and Iranian Offshore Oil Co will
sign deals with domestic contractors covering onshore fields in
Bushehr, Fars, Khuzestan, and
Kohgiluyeh and Boyer-Ahmad provinces, NIOC said. The off-shore
Reshadat deposit in the Arabian Gulf is also part of the
agreements.
The two NIOC subsidiaries agreed $1.8bn of similar domestic
contracts in August to boost production at more than a dozen
onshore and off-shore crude deposits.
The Organization of Petroleum Exporting Coun-tries, including
Iran, is to meet today to assess production. While the 13-nation
group has slashed output since May to buoy prices in the face of
the coronavirus pandemic, Iran is exempt from a quota due to the
sanctions.
Opec Secretary-General Mohammad Barkindo delivers his speech
during a presentation of the World Oil Outlook in Vienna, Austria
in this file photo.
Zanganeh said in mid-December that Iran planned to roughly
double oil production in the next year to 4.5 million barrels
daily.
Cuts likely as Fiat Chrysler-PSA tie-up nears approvalAP —
MILAN
While running Nissan’s North American operations from 2009 to
2011, Carlos Tavares had a reputation for closely watching costs
with little tolerance for vehicles or ventures that didn’t make
money.
Experts say that means Tavares, currently the head of PSA Group,
is likely to follow that blueprint when he becomes leader of a
merged PSA and Fiat Chrysler Automobiles. The low-performing
Chrysler brand might get the axe as could slow-selling cars, SUVs
or trucks that lack potential.
Already the companies are talking about consolidating vehicle
platforms - the under-pinnings and powertrains - to save billions
in engineering and manufacturing costs. That could mean job losses
in Italy, Germany and Michigan as PSA Peugeot technology is
inte-grated into North American and Italian vehicles.
"You can’t be cost efficient
if you keep the entire scale of both companies,” said Karl
Brauer, executive analyst for the iSeeCars.com auto website. "We’ve
seen this show before, and we’re going to see it again where they
economize these platforms across continents, across multiple
markets.”
Shareholders of both com-panies are to meet Monday to vote on
the merger to form the world’s fourth-largest auto-maker, to be
called Stellantis. The deal received EU regulatory approval just
before Christmas.
Tavares, who for years has wanted to sell PSA vehicles in the
US, won’t take full control of the merged companies until the end
of January at the earliest.
He likely will target Europe for consolidation first, because
that’s where Fiat vehicles overlap extensively with PSA’s, said IHS
Markit Principal Auto Analyst Stephanie Brinley. Europe has been a
money-loser for FCA, and factories in Italy are operating way below
capacity - a concern for unions,
given Fiat’s role as the largest private sector employer in the
country.
"We are at a crossroads,’’ said Michele De Palma of the FIOM
CGIL metalworkers’ union. "Either there is a relaunch, or there is
a slow ago-nizing closure of industry, in particular the auto
industry, in Italy.”
Italy’s hopes lie with the luxury Maserati and sporty Alfa Romeo
brands, but De Palma said investments are needed to bring hybrid
and electric tech-nology up to speed. Fiat’s Italian capacity
stands at 1.5 million vehicles, but only a few hundred thousand are
being produced each year. Most fac-tories were on rolling
short-term layoffs due to lack of demand, even before the
pandemic. The merger is likely to also hit white collar workers,
as Tavares is unlikely to keep engineering centers in Paris, Turin
and Rodelsheim, Germany, where the Opel brand he acquired in 2017
is located, according to analysts.
FCA’s North American oper-ations, led by the popular Jeep brand
and Ram pickup, are hugely profitable and likely will be left
untouched for a while, Brinley said. Tavares just three years ago
stated his desire to sell PSA vehicles in the US within a decade.
He said any global automaker has to sell in the US market.
In December the companies announced that Fiat Chrysler CEO Mike
Manley would run Stellantis’ operations in the Americas.
Qatar’s abaya fashion industry thrives onlineFROM PAGE 1
“It’s a big market. And we have to be updated with the fashion
line. When I started in 2012, there were only a few Qatari
designers, like only four to five pure Qatari brands. And I was one
of them. But now, over 90 percent of the participants here at the
expo are Qatari abaya
designers,” said Al Sahlawi. Al Khuleifi added: “The market
is
changing. The ladies used to wear all black abayas only. But
now, they are starting to wear abayas with other colours, such as
white and even brighter colours like pink and blue. The trends are
changing”.
Globally, it was estimated that Muslim
consumers spent over $283bn in 2018 on apparel and footwear,
according to the State of the Global Islamic Economy Report
2019-20. It added that the market for Islamic clothing is projected
to grow to $402bn by 2024, with a significant potential to take a
much larger slice of the $2.5 trillion global apparel market.
MoTC forum highlights role of new technologies
FROM PAGE 1Dr. Mohamed Nawar Al
Awa said digital platforms have become a major pillar in
administrative and institu-tional work, as they allow to reach out
to all members of society and reduce bureaucracy and
corruption.
Digital technology, he noted, could also support young
innovators and entre-preneurs to develop high value-added
applications and create new job opportunities.
The forum touched upon the new initiatives developed by ESCWA
and its Center of Entrepreneurship for digitizing SMEs and one of
its key objec-tives was to raise local com-panies’ awareness of
relevant regional initiatives.
In addition to Dr. Al Awa, the forum also featured key local and
international speakers including the Exec-utive Director, ESCWA
Tech-nology Center, Kareem Hassan and representatives from MOTC and
TASMU Smart Qatar Program of MoTC.
-
03MONDAY 4 JANUARY 2021 BUSINESS
Johnson says UK can use tax to drive investment outside
EUBLOOMBERG
Leaving the European Union is an opportunity for the UK to use
taxes and subsidies to encourage companies to step up spending,
Prime Minister Boris Johnson said.
In addition to regulatory change, “you can use tax systems and
subsidies to drive investment,” he said in an i n t e r v i e w w i
t h B B C television.
The question of state aid rules was a major hurdle for the
Brexit trade negotiations. Under the terms of the deal, either side
can impose tariffs on the other if it is clear that businesses are
being unfairly undercut.
The UK is now operating outside of the bloc for the first time
after the end of the tran-sition period. Johnson has said he wants
to use the UK’s new autonomy to boost science and “level up” the
struggling econ-omies of deprived parts of the
country.Many economists expect
that more paperwork and bar-riers to trade will hurt eco-nomic
growth just as the coro-navirus pandemic hammers
output.Despite a raft of new rules
for trading with the EU, Brexit is still a boon for exporters,
Johnson said. “There is some bureaucracy and we’re trying
to remove it,” Johnson said when asked about the red tape that
took effect on January 1. “We have a massive opportunity to expand
our horizons, and to think globally, and to think big.”
Britain’s Prime Minister Boris Johnson gestures on BBC TV’s The
Andrew Marr Show in London, Britain yesterday.
Bitcoin breaches $34,000 BLOOMBERG
Bitcoin, the world’s largest cryptocurrency, topped $34,000 just
weeks after passing another major milestone. The currency gained as
much as 9.8 percent to $34,792.48, before slipping to about $33,500
as of 3:05pm yesterday in London. It advanced almost 50 percent in
December, when it breached $20,000 for the first time.
The latest gains top an eye-popping rally for the contro-versial
digital asset in 2020, which rebounded sharply after a severe crash
in March that saw it lose 25 percent amid the coro-navirus
pandemic.
The currency “will be on the road to $50,000 probably in the
first quarter of 2021,” said Antoni Trenchev, managing partner and
co-founder of Nexo in London, which bills itself as the world’s
biggest crypto lender. Institu-tional investors returning to their
desks this week will likely boost prices further after retail
buying over the holidays, he said.
Bitcoin has increasingly been “embraced in more global
investment portfolios as holders
expand beyond tech geeks and speculators,” Bloomberg
Intel-ligence commodity strategist Mike McGlone wrote in a note
last month. Proponents of the currency have also seized on the
narrative that the coin could act as a store of wealth amid
sup-posed rampant central-bank money printing, even as inflation
remains mostly muted.
Bitcoin should eventually climb to about about $400,000, Scott
Minerd, chief investment officer of Guggenheim Invest-ments, told
Bloomberg Tele-vision in a December 16 interview.
Still, there are reasons to be cautious, partly since Bitcoin
remains a thinly traded market. The currency slumped as much as 14
percent on November 26 amid warnings that the asset class was
overdue a correction. The big run-up in price in 2017 was followed
by an 83 percent rout that lasted a year.
Ether also rose, surpassing $900 for the first time since
Feb-ruary 2018 when it hit a record $959.15. The jump of as much as
20 percent to $921.92 on Sunday comes as the token continues to
develop a following of its own.
After ECB dividend cap flouted,Finland watchdog mulls next
stepBLOOMBERG
Finland’s financial watchdog is trying to figure out how to
respond after a lender it oversees explicitly disregarded the
European Central Bank’s guidelines on shareholder rewards.
The decision by Alands-banken, announced on January 1, to pay
almost four times the dividend cap set by the ECB is “unfortunate,”
Jyri Helenius, head of banking supervision at the Finnish Financial
Super-visory Authority, said in an interview. The lender acted
without its watchdog’s per-mission, but Helenius acknowl-edged
there’s not much he can do about it.
“We expect banks to comply with the recommendation, even though
we aren’t able to make it legally binding,” Helenius said. “It’s
unfortunate that a Finnish bank is slipping from the common
European front on this.”
Last month, the ECB lifted a de facto ban on dividends but urged
banks to limit such share-holder payouts to less than 15 percent of
profit for 2019 and 2020, or 0.2 percent of their key capital
ratio, whichever is lower. Alandsbanken says it
plans to pay out 59 percent of 2019’s earnings, citing record
profits that year.
The cap on bank dividends in the euro zone is stricter than in
the UK and Switzerland and has prompted criticism from some corners
of the financial industry.
Nordea Bank, Finland’s biggest bank, has said it will follow the
recommendation but that it will contact the ECB to “discuss the
intended level of distribution,” noting that it is “one of the best
capitalised banks in Europe.”
Alandsbanken, which is too small to come under direct ECB
supervision, said the latest guidelines fail to take into
account the comparative strength of some banks in the euro
zone.
Alandsbanken said holding back on dividends could alienate the
very investors it relies on to grow. “The long-term risks to the
bank may be larger” if shareholders don’t get a substantial portion
of profits, it said. That’s why it’s “choosing not to follow” the
guidance of the Finnish FSA and, by extension, the ECB, it
said.
The Finnish FSA will “engage” with lenders that ignore the ECB’s
guidance, Helenius said. “It’s very excep-tional that a bank would
dis-regard our recommendation,” he said.
China oil majors may be nextin line for delisting in the
USBLOOMBERG
Chinese oil majors may be next in line for delisting in the US
after the New York Stock Exchange said last week it would remove
the Asian nation’s three biggest telecom companies.
China’s largest offshore oil producer CNOOC Ltd. could be most
at risk as it’s on the Penta-gon’s list of companies it says are
owned or controlled by Chinese military, according to Bloomberg
Intelligence analyst Henik Fung.
“More Chinese companies could get delisted in the US and the oil
majors could come as the next wave,” said Steven Leung, executive
director at UOB Kay Hian in Hong Kong. At the same time, the impact
of removing the telecom firms is probably minimal as they were
thinly-traded in the US and they haven’t raised much funds there,
he said.
The NYSE said it would delist the telecom operators to comply
with a US executive order imposing restrictions on companies
identified as affiliated with the Chinese military. China Mobile,
China Telecom and China Unicom Hong Kong would all be suspended
from trading between January 7 and January 11, and pro-ceedings to
delist them have started, the exchange said.
China’s Ministry of Commerce responded on Saturday, saying the
country would take nec-essary action to protect the rights of
Chinese companies and it hoped the two countries could work
together to create a fair and predictable environment for
businesses and investors.
The China Securities Regulatory Com-mission said yesterday that
given their small amount of US-traded shares the impact on the
telecommunications companies would be
limited and that they are well-positioned to handle any fallout
from the delisting.
“The recent move by some political forces in the US to
continuously and groundlessly sup-press foreign companies listed on
the US markets, even at the cost of undermining its own position in
the global capital markets, has demonstrated that US rules and
institutions can become arbitrary, reckless and unpredictable,” the
CSRC said in a statement on its website.
US President Donald Trump signed an order in November barring
American investments in Chinese firms owned or controlled by the
mil-itary in a bid to pressure Beijing over what it views as
abusive business practices. The order prohibited US investors from
buying and selling shares in a list of Chinese companies
desig-nated by the Pentagon as having military ties.
China’s Foreign Ministry later accused the US of “viciously
slandering” its military-civilian integration policies and vowed to
protect the country’s companies. Chinese officials have also
threatened to respond to previous Trump administration actions with
their own blacklist of US companies.
Minority-owned companies waited months for loans, data showsAP —
NEW YORK
Thousands of minority-owned small businesses were at the end of
the line in the govern-ment’s coronavirus relief program as many
struggled to find banks that would accept their applications or
were disadvantaged by the terms of the program.
Data from the Paycheck Protection Program released December 1
and analysed by the AP show that many minority owners desperate for
a relief loan didn’t receive one until the PPP’s last few weeks
while many more white business owners were able to get loans
earlier in the program The program, which began April 3 and ended
August 8 and handed out 5.2 million loans worth $525bn, helped many
busi-nesses stay on their feet during a period when government
measures to control the coro-navirus forced many to shut down or
operate at a dimin-ished capacity. But it struggled to meet its
promise of aiding communities that historically haven’t gotten the
help they needed.
Congress has approved a third, $284bn round of PPP loans. While
companies that did not get loans previously have another chance at
help, according to a draft of the leg-islation, businesses hard-hit
by the virus outbreak will be eli-
gible for a second loan.The first round of the
program saw overwhelming demand and the Small Business
Administration approved $349bn in loans in just two weeks. But many
minority-owned firms applied to multiple banks early in the program
and were rejected, while others couldn’t get banks to respond to
their applications and inquiries.
“Many of our businesses were being turned down in the first and
second round of funding. That caused appli-cation fatigue and
frustration,” says Ron Busby, president of the US Black Chambers, a
nationwide chamber of commerce.
Loan data analysed according to ZIP codes found that in that
first round of funding, six loans were approved for every 1,000
people living in the 20 percent of ZIP codes with the greatest
proportions of white residents, nearly twice the rate of loans
approved for people living in the 20 percent of ZIP codes with the
smallest proportions of whites.
That pattern reversed itself over the final four weeks of round
two, partly because banks responded to criticism by making it
easier to apply for a loan. Over the entire course of the program,
the number of loans approved grew and
evened out at 14 loans per 1,000 residents in the most ZIP codes
with the most and fewest number of white-owned businesses.
Still, minority owners were kept waiting while their com-panies
were in jeopardy.
“Many are hanging on by the skin of their teeth. Most are in the
professional services, small retail shops, restaurants, barber
shops,” says Ramiro Cavazos, president of the United States
Hispanic Chamber of Commerce.
The recent data from the
SBA provided a more in-depth look at businesses that received
loans than data released on July 6. The earlier data provided only
limited details on loans under $150,000; the gov-ernment initially
refused to release more information on those borrowers, citing
privacy concerns. The AP and other news organisations successfully
sued under the Freedom of Information Act to make data on all PPP
loans public, leading to the latest release.
The SBA did not address the t iming of loans to
minority-owned businesses when asked for comment by the AP. But
spokesperson Shannon Giles said in an email that $133bn, or 25
percent, of PPP funding had gone to companies in economically
disadvantaged areas known as Historically Underutilized Business
Zones, and 27 percent went to low and m o d e r a t e - i n c o m e
neighborhoods.
The bill President Donald Trump signed into law Sunday provides
for $15bn to be set aside for community banks, minority-owned
financial institutions and
community development financial institutions, non-bank lenders
that aim to get funding to underserved communities.
The AP analysis shows res-taurants slammed by the virus outbreak
got the most loans in the first round, but they were followed by
businesses in two high-income professions: law firms and doctors’
practices. When the first round ended mil-lions of small businesses
were left waiting.
The program’s disparities were apparent from the start. An AP
analysis of the initial data release found some of the nation’s
largest banks had proc-essed larger loans first. That included
loans to well-known and well-financed companies including Shake
Shack, Ruth’s Chris Steakhouse and the Los Angeles Lakers. Many
have returned the money.
What’s more, the program’s terms helped exclude minority-owned
firms. A primary goal for the loans was to allow owners to keep
paying employees who otherwise would go on unem-ployment. So,
non-employer firms, or businesses that have owners but no other
staffers, weren’t allowed to apply until a week after the program
began.
Of the 2.6 million Black-owned companies in business before the
pandemic, 2.1 million were non-employer firms, according to the US
Black Chambers.
The Euro sculpture stands in front of the European Central Bank
in Frankfurt, Germany.
Staff at Shuckin’ and Jivin’ in Opa-locka wear gloves and masks
to protect themselves and customers from the coronavirus threat.
Customers wait in cars after ordering.
-
04 MONDAY 4 JANUARY 2021BUSINESS
Pakistani exportsreach historichigh in DecemberINTERNEWS —
ISLAMABAD
Adviser to Pakistani Prime Minister on Commerce and Investment,
Abdul Razak Dawood has expressed his satisfaction that the exports
in December last year have shown an increase of 18.3 percent to the
tune of $2,357m as compared to $1,993m in December 2019.
Presiding over a consult-ative meeting in Islamabad, he said the
export figures shows the resilience of the economy of Pakistan and
is a vindication of the government’s policy to keep the wheels of
economy running despite COVID-19 pandemic. The previous six months
performance of exports was also discussed in the meeting.
Samsung may report $9bn operating income in Q4IANS — SEOUL
Samsung Electronics, the world’s largest memory chip maker, is
expected to report a smaller-than-earlier operating income estimate
due to the weakness of the US dwollar, industry sources said
yesterday.
Samsung, also the world’s largest smartphone vendor, is likely
to report an operating income of 9.74 trillion won ($8.95bn) during
the fourth quarter of last year, up 36.8 per cent from a year
earlier.
But the latest estimate is slightly lower than the 10.16
trillion won projected a month earlier, reports Yonhap news
agency.
Samsung reported an oper-ating income of 12.35 trillion won
during the third quarter of last year, the highest in over two
years, driven by rising chip demand and a recovery in
smartphone
demand. But during the October-December period, the global
resurgence in virus cases and the weaker dollar may hurt the tech
giant’s profitability.
“Samsung may have racked up 4.3 trillion won in operating income
during the last quarter, smaller than the third quarter’s
5.5 trillion won because of the weak dollar,” said Lee
Seung-woo, an analyst at Eugene Investment & Securities.
The analyst said lockdowns
in Europe had reduced demand for smartphones.
Going forward, Samsung may rack up decent profit this year on
the back of a continued
boom in the semiconductor sector and a recovery in the
smartphone segment.
Shinhan Investment Corp projected this year’s operating income
for Samsung at 47.51 trillion won, up 31.7 percent from last year.
Aided by rosy earnings estimates, a slew of brokerages raised their
target prices for Samsung Electronics to a 90,000 won range.
Samsung has opened pre-order reserve bookings for its upcoming
Galaxy S21 lineup of phones in the US and people can book a slot
when the devices become available, which is usually after the
launch event ends on January 14.
Those who pre-book can get up to $700 of instant trade-in credit
toward the purchase of a Galaxy S21 “if you trade an iPhone 12
series phone, or one of Samsung’s own Note 20 and S20 phones”.
An exterior view of Samsung Electronics Italia’s headquarters in
Milan.
Samsung may have racked up 4.3 trillion won in operating income
during the last quarter, smaller than the third quarter’s 5.5
trillion won because of the weak dollar.
Lee Seung-wooAnalyst at Eugene Investment & Securities
Wall Street investors bullish on stocks, hoping for a brighter
2021REUTERS — NEW YORK
US stocks closed 2020 on a strong note, and many investors are
betting the party will continue after a tumultuous year that marked
both the end of the longest bull market and the shortest-lived bear
market ever.
Risks abound, including a resurgent coronavirus pan-demic,
concerns about the speed of rollout of vaccines and high-stakes
Jan. 5 US Senate runoffs in Georgia for the balance of power in
Congress. Still, many investors are looking past these threats.
“We are going to continue to see a push higher,” said
Com-monwealth Financial Network’s head of portfolio management,
Peter Essele (pictured), who sees stocks in the early stages of a
multi-year bull run.
The options market is pricing in more volatility in January than
December, likely due to the Georgia elections. If Republicans win
at least one Senate seat, they will maintain a slim majority.
If Democrats sweep the dual runoffs, the chamber would be split
50-50 and the tie-breaking vote would go to Vice President-elect
Kamala Harris, giving Pres-ident-elect Joe Biden’s party full sway
over Congress. That raises the possibility of tax-reform pro-posals
that many investors fear would hurt stock prices.
Still, most investors are not looking for a sharp pullback next
year. BofA Global Research’s December fund manager survey was the
most bullish.
The roll out of coronavirus vaccines has emboldened investors,
along with the US Federal Reserve’s expressed
readiness to keep policy accom-modative, strategists said.
Indeed, the US stock mar-ket’s rally over the last two months
may have taken even bulls by surprise. A late November poll found
strategists expected the S&P 500 to end 2021 at 3,900, which
would be another annual rise after the index rose about 16.3
percent
this year to 3,756.07.The year 2020 was a wild
one for Wall Street, bookended by the end of the longest bull
market in history with the bat-tering of equities by the COVID-19
shutdowns, and a bungee-cord rebound on hopes for economic recovery
that resulted in the shortest bear market on record.
In prior bull markets, when the S&P 500 takes out its
pre-vious bull market high, the index has experienced a median gain
of 38% over the span of 26 months before topping out, according to
Bespoke Investment Group data.
Some investors fret the COVID-19 recovery may already be priced
in and valuations may be stretched. The 12-month forward
price-to-earnings ratio of the S&P 500 is currently about
22, well above its long-term average of 15.
Still, investors see several parts of the market, including
financials, leisure and hospitality stocks and energy with
potential to rally.
“The market, overall, does not seem overbought,” said Tim
Ghriskey, chief investment strat-egist at Inverness Counsel.
Investors looking for a con-tinued rally are optimistic of a
rebound in corporate earnings.
“Earnings are going to be used as a confirmation of current
pricing,” Essele said.
S&P 500 company earnings are forecast to increase about 23
percent in 2021 compared with 2020.
For much of this year increased market concentration has been a
nagging worry for investors, with top five S&P 500
constituents generating 127 percent of the index’s return during
the first nine months of the year, according to Black-Rock’s
calculations.
Technology’s weight in the S&P 500 currently stands at 28
percent, up more than 10 per-centage points from its his-torical
average since 1990, according to Bespoke.
“What we saw in November and December is that the market already
started broad-ening out ... beyond the tech stocks, the mega
stocks,” said John Praveen, portfolio manager at QMA, a PGIM
company, pointing to a strong showing by value stocks, shares of
small caps and non-US stocks.
The golden run by some high-flying growth names could continue,
investors said.
QATAR STOCK EXCHANGE
QE Index 10,437.50 +0.01 %QE Total Return Index 20,065.75 +0.01
%QE Al Rayan Islamic Index - Price 2,395.69 +0.10 %QE Al Rayan
Islamic Index 4,273.84 +0.10 %QE All Share Index 3,200.17 +0.02 %QE
All Share Banks & Financial Services 4,254.34 +0.15 %QE All
Share Industrials 3,092.83 -0.16 %QE All Share Transportation
3,283.53 -0.41 %QE All Share Real Estate 1,934.95 +0.32 %QE All
Share Insurance 2,375.66 -0.85 %QE All Share Telecoms 998.97 -1.16
%QE All Share Consumer Goods & Services 8,191.07 +0.60 %
QE INDICES SUMMARY QE MARKET SUMMARY COMPARISON WORLD STOCK
INDICES
GOLD AND SILVER
03-01-2021Index 10,437.50Change +1.54% +0.01%YTD% +0.01Volume
95,322,805Value (QAR) 141,782,351.70Trades 3,125Up 17 | Down25 |
Unchanged 0331-12-2020Index 10,435.96Change -59.27% -0.56%YTD%
0.00Volume 189,210,815Value (QAR) 464,556,061.57Trades 8,833
EXCHANGE RATE
GOLD QR231.00 per grammeSILVER QR3.13 per gramme
Index Day’s Close Pt Chg % Chg Dow Jones Industrial Average
30,199.87 +70.04 +0.23%S&P 500 3,703.06 +13.05 +0.35%Nasdaq
Composite Index 12,804.73 +33.62 +0.26%FTSE 100 Index 6,502.11
+6.36 +0.10%DAX Index 13,587.23 +169.12 +1.26%CAC 40 Index 5,522.01
-5.58 -0.10%Nikkei Stock Average 225 26,656.61 -11.74 -0.04%Hang
Seng Index 26,386.56 +43.46 +0.16%Shanghai Composite Index 3,396.56
+33.45 +0.99%ASX All Ordinaries Index 6,917.50 +24.90 +0.36%
Currency Selling (QAR) Buying (QAR) US$ 3.6500 3.6305Australian
Dollar AUD 2.82 2.75 Bangladeshi Taka BDT 0.044 0.0425 Canadian
Dollar CAD 2.89 2.83Euro EUR 4.54 4.48 Indian Rupee INR 0.0505
0.049Japanese Yen JPY 0.0357 0.0352Malaysian Ringgit MYR 0.905
0.875Nepalese Rupee NPR 0.0315 0.0305 Pakistani Rupee PKR 0.02326
0.02273 Philippine Peso PHP 0.077 0.075 Pound Sterling GBP 5.01
4.94 Singapore Dollar SGD 2.76 2.68 South African Rand ZAR 0.235
0.225 Sri Lankan Rupee LKR 0.0202 0.019 Swiss Franc CHF 4.16 4.1
Turkish Lira TRY 0.5 0.49
QNBK - QNB 17.83 17.84 17.84 18.00 12,471 17.97 17.92 5,000
17.92 17.92 +0.09 +0.50 96 382,190 6,852,002.99
QIBK - Qatar Islamic Bank 17.11 17.12 17.00 17.12 2,934 17.25
17.12 5,000 17.11 0.00 0.00 0.00 15 43,493 741,070.16
CBQK - Comm. Bank of Qatar 4.40 4.303 4.303 4.399 4,000 4.396
4.347 10,000 4.347 4.347 -0.053 -1.20 9 34,940 151,517.647
DHBK - Doha Bank 2.367 2.367 2.355 2.367 50,000 2.375 2.361
9,890 2.361 2.361 -0.006 -0.25 7 53,710 126,873.250
ABQK - Ahli Bank 3.447 0.000 0.000 0.000 20,000 3.44 3.32 12,039
3.447 0.000 0.000 0.00 0 0 0.000
QIIK - Intl. Islamic Bank 9.052 9.05 9.05 9.15 15,000 9.11 9.1
27,500 9.11 9.110 +0.06 +0.64 23 98,795 898,715.81
MARK - Rayan 4.53 4.50 4.50 4.54 50,000 4.52 4.519 1,251 4.52
4.520 -0.01 -0.22 94 856,232 3,869,419.21
KCBK - Al khalij Commercial Bank 1.838 1.801 1.801 1.859 75,404
1.859 1.855 50 1.859 1.859 +0.021 +1.14 233 7,692,693
13,989,448.360
QFBQ - Qatar First Bank (QFC) 1.721 1.712 1.700 1.717 100,127
1.71 1.703 82,757 1.703 0.000 -0.018 -1.05 162 3,930,323
6,703,126.203
QETF - QE Index ETF 10.304 10.285 10.285 10.288 9,714 10.294
10.245 22,000 10.288 10.24 -0.016 -0.16 4 20,967 215,659.888
QATR - Al Rayan Qatar ETF 2.386 2.40 2.39 2.40 11,477 2.399 2.39
1,300 2.39 2.388 0.00 +0.17 2 8,686 20,761.54
QATI - Qatar Insurance 2.362 2.357 2.357 2.389 18,085 2.387
2.358 10,004 2.387 2.387 +0.025 +1.06 22 295,221 701,199.492
DOHI - Doha Insurance 1.392 0.000 0.000 0.000 10,900 1.392 1.37
170,000 1.392 0.000 0.000 0.00 0 0 0.000
QGRI - General Insurance 2.66 2.66 2.45 2.66 4,268 2.659 2.45
5,480 2.45 2.450 -0.21 -7.89 2 1,346,716 3,580,896.94
AKHI - Alkhaleej Takaful 1.898 1.899 1.890 1.935 43,465 1.892
1.891 6,100 1.892 1.892 -0.006 -0.32 103 1,295,694
2,467,238.865
QISI - Islamic Insurance 6.90 6.70 6.70 6.80 445 6.8 6.7 2,100
6.80 0.00 -0.10 -1.45 6 3,555 23,869.00
QAMC - QAMCO 0.967 0.966 0.960 0.970 577,225 0.969 0.968 17,065
0.969 0.969 +0.002 +0.21 122 2,769,186 2,673,080.543
QIMD - Ind. Manf. Co. 3.209 0.000 0.000 0.000 9,600 3.2 3.11
30,000 3.209 0.000 0.000 0.00 0 0 0.000
QNCD - National Cement Co. 4.15 4.15 4.15 4.20 35,200 4.2 4.15
11,000 4.15 0.00 0.00 0.00 14 462,442 1,939,286.40
ZHCD - Zad Holding Company 14.91 15.00 15.00 15.00 965 15.2 15.0
9,402 15.00 15.00 +0.09 +0.60 8 18,768 281,520.00
IQCD - Industries Qatar 10.87 10.81 10.81 11.00 12,871 11.0
10.87 5,000 10.86 0.00 -0.01 -0.09 25 25,480 278,204.73
UDCD - United Dev. Company 1.655 1.66 1.66 1.67 9,496 1.662 1.66
2,501 1.66 0.000 0.00 +0.30 32 503,715 836,448.54
QGMD - Qatar German Co. Med 2.237 2.242 2.185 2.275 16,500 2.218
2.21 1,500 2.223 0.000 -0.014 -0.63 103 1,255,277 2,785,552.840
QIGD - The Investors 1.811 1.807 1.805 1.808 11,370 1.806 1.805
5,000 1.806 0.000 -0.005 -0.28 36 415,045 749,692.096
ORDS - Ooredoo 7.52 7.406 7.392 7.650 411 7.397 7.392 6,850
7.397 7.40 -0.123 -1.64 90 508,119 3,778,598.445
QEWS - Electricity & Water 17.85 17.80 17.80 17.84 1,250
18.19 17.8 20,635 17.80 0.00 -0.05 -0.28 4 4,000 71,245.40
SIIS - Salam International 0.651 0.65 0.64 0.66 5,893,604 0.651
0.65 1,955,943 0.65 0.65 -0.00 -0.15 247 18,980,179
12,408,800.45
BLDN - Baladna 1.79 1.78 1.76 1.79 14,121 1.78 1.779 5 1.78
1.780 -0.01 -0.56 126 1,481,358 2,632,619.41
NLCS - National Leasing 1.243 1.245 1.245 1.266 11,630 1.252
1.251 324,786 1.251 1.251 +0.008 +0.64 175 5,543,381
6,937,680.453
QNNS - Qatar Navigation 7.093 6.912 6.912 6.999 4,000 6.999 6.99
150,000 6.999 6.999 -0.094 -1.33 3 3,000 20,910.000
MCGS - Medicare 8.84 8.73 8.50 8.87 700 8.87 8.84 840,213 8.84
8.84 0.00 0.00 29 274,107 2,417,730.01
QCFS - Cinema 3.993 0.000 0.000 0.000 70 3.993 3.65 20,000 3.993
0.000 0.000 0.00 0 0 0.000
QFLS - Qatar Fuel 18.68 18.74 18.74 18.99 39,699 18.91 18.84
5,293 18.91 18.91 +0.23 +1.23 73 170,123 3,216,369.16
WDAM - Widam 6.322 6.322 6.286 6.410 11,241 6.395 6.286 892
6.286 0.000 -0.036 -0.57 16 33,084 208,583.535
GWCS - Gulf warehousing Co 5.098 5.12 5.061 5.123 680 5.09 5.083
1,956 5.072 0.000 -0.026 -0.51 12 38,044 193,184.175
QGTS - Nakilat 3.18 3.183 3.180 3.199 5,000 3.194 3.187 39,704
3.187 3.187 +0.007 +0.22 66 359,721 1,145,989.973
DBIS - Dlala 1.795 1.761 1.761 1.826 61,216 1.805 1.797 7,000
1.805 1.805 +0.010 +0.56 64 1,051,330 1,905,350.320
BRES - Barwa 3.401 3.400 3.395 3.405 33,434 3.42 3.405 3,796
3.405 3.405 +0.004 +0.12 15 39,842 135,487.000
MCCS - Mannai Corp. 3.00 2.960 2.960 2.995 5,580 3.0 2.971 2,211
2.971 2.97 -0.029 -0.97 15 74,700 222,559.142
AHCS - Aamal 0.855 0.846 0.846 0.850 21,000 0.852 0.847 169,818
0.847 0.000 -0.008 -0.94 54 1,463,468 1,240,493.455
QOIS - Qatar Oman 0.887 0.875 0.875 0.894 15,000 0.893 0.884
12,000 0.885 0.000 -0.002 -0.23 13 152,932 135,112.390
ERES - Ezdan Holding 1.776 1.75 1.75 1.80 534,372 1.79 1.777
24,777 1.79 1.79 +0.01 +0.79 216 4,634,720 8,230,306.29
IHGS - Inma 5.116 5.07 5.056 5.129 11,899 5.096 5.077 4,150
5.077 0.000 -0.039 -0.76 45 190,518 969,318.535
GISS - Gulf International 1.715 1.71 1.68 1.73 15,000 1.69 1.687
10,000 1.69 1.69 -0.02 -1.46 74 1,246,871 2,114,463.22
MPHC - Mesaieed 2.047 2.042 2.041 2.060 10,320 2.049 2.041
72,021 2.049 2.049 +0.002 +0.10 68 398,958 815,818.578
IGRD - Investment Holding 0.599 0.599 0.598 0.603 500,000 0.599
0.598 276,656 0.598 0.598 -0.001 -0.17 158 6,916,013
4,148,840.378
VFQS - Vodafone Qatar 1.339 1.347 1.325 1.347 58,093 1.343 1.336
30,783 1.343 1.343 +0.004 +0.30 30 528,238 705,422.780
MERS - Al Meera 20.71 20.39 20.39 20.99 1,827 20.65 20.46 300
20.65 20.65 -0.06 -0.29 20 15,281 314,970.48
MRDS - Mazaya 1.263 1.297 1.269 1.297 41,219 1.273 1.271
1,268,421 1.271 1.27 +0.008 +0.63 394 29,701,690 37,926,913.607