Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Investment funds bullish on Qatari stocks  Join our daily free Newsletter

MENAFN - The Peninsula - 04/02/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - The Peninsula) Driven by massive planned government spending and attractive valuations, investment funds are becoming much more bullish on Qatari stocks



Citing Reuters' monthly survey on the region, Qatar Exchange yesterday noted that 56 percent of 16 leading investment managers expect to raise allocations to Qatari equities in the next three months. That was the biggest positive change among the six major markets in the survey, and compared with 20 percent saying they would raise allocations to Qatari stocks in December's survey



Abu Dhabi Investment Company (AD Invest) and Kuwait headquartered Global Investment House (GIH) recently noted that Qatari stocks will remain bullish aided by a significant government tailwind and huge fund inflows


Reuters quoted Afa Boran, head of asset management at Amwal Qatar, as saying: "Qatar has better near-term growth prospects than any other regional market. The government has a significant budget for infrastructure spending which we expect will be largely spent over the next three to five years,"



He estimated both the Qatar and Saudi markets were trading at about 12 times estimated corporate earnings for 2014, with Qatar having better near-term earnings prospects. Earnings growth in Saudi Arabia is currently being dampened by a crackdown on illegal foreign labour that has raised companies' costs, analysts say



GIH in its latest GCC equity strategic analysis noted Qatar's banks, telecoms and industrials are best stock picks for 2014


 


The Peninsula




  MENA News Headlines
 Mar 30 2017 - EQUATE Group announces USD 679 million in total net profit for 2016MENAFN Press
(MENAFN Editorial)The EQUATE Group, a global producer of petrochemicals, announced today USD 679 million in total net profit for the fiscal year ending 31 December 2016. The EQUATE Group combines ...

 Mar 30 2017 - Italy will not deport unaccompanied refugee childrenThe Peninsula
(MENAFN - The Peninsula) ROME: Italy's parliament on Thursday approved a law that allows unaccompanied refugee children to stay in the country and be protected from mistreatment. 'This is a ...

 Mar 30 2017 - Global security experts to converge at Gulf Information Security Expo and Conference (GISEC) 2017MENAFN Press
(MENAFN Editorial)Cyber security experts from across the region and globe will discuss, debate and highlight the latest smart cities technology and service innovations at the Gulf Information ...

 Mar 30 2017 - Jordan- Royal decree appoints Al Shoubaki as King's adviserJordan News Agency
(MENAFN - Jordan News Agency) Amman, March 30 (Petra)--A Royal Decree was issued appointing Faisal Jibril Hassan Al Shoubaki as the King's advisor, as of March 30, 2017. 30/3/2017 - 02:56:42 ...

 Mar 30 2017 - Jordan- Royal decree appoints director of Intelligence DepartmentJordan News Agency
(MENAFN - Jordan News Agency) Amman, March 30 (Petra) -- A Royal Decree was issued Thursday appointing Maj. Gen. Adnan Na'el al-Jundi, as Director General of the General Intelligence Department as ...

 Mar 30 2017 - Jordan- Lower House speaker, French official discuss ties, regionJordan News Agency
(MENAFN - Jordan News Agency) Amman, March 30 (Petra)--Speaker of the Lower House of Parliament Atef Tarawneh reiterated the centrality of the Palestinian cause as well as the importance of ...

 Mar 30 2017 - Jordan- Emirates plane collides with another aircraft in SingaporeJordan News Agency
(MENAFN - Jordan News Agency) Dubai, March 30 (Petra) -- An Emirates passenger aircraft suffered minor damage after coming into contact with another airplane on the ground at Changi Airport in ...

 Mar 30 2017 - Jordan- Army chief receives US military delegationJordan News Agency
(MENAFN - Jordan News Agency) Amman, March 30 (Petra) -- Chairman of the Joint Chiefs of Staff, Lt. General Mahmoud Freihat, Thursday received U.S. Special Operations Command chief Gen. Raymond ...

 Mar 30 2017 - Jordan- King calls Crown Prince of Abu DhabiJordan News Agency
(MENAFN - Jordan News Agency) Amman, March 30 (Petra) -- His Majesty King Abdullah II on Thursday thanked Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE, Mohammed bin Zayed ...

 Mar 30 2017 - Jordan- Lebanese president visits Baptism SiteJordan News Agency
(MENAFN - Jordan News Agency) Baptism Site, March 30 (Petra) -- President of Lebanon Michel Aoun, on Thursday visited the Baptism Site, some 40km west of Amman. Touring archaeological sites and ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help