الاقتصاد القطري - من جلوبل

[Muslim Investor]

مرحبا ..

وصلني هذا الإيميل من جلوبل فحبيت أشاركم فيه

Dear Sir/Madam,

In continuation of our coverage on the GCC economies, we have come out with the third issue of our Qatar Economic and Strategic Outlook series. The report examines the potential of the Qatari economy and the various key sectors. Qatar has demonstrated a track record of healthy macro-economic and fiscal performance. Qatar's GDP leaped to QR103.56bn (US$28.45bn) in 2004 from QR86.27bn (US$23.7bn) in 2003, a staggering increase of 20%. To further boost the growth, the government is proactive on economic and financial policy initiatives. This is mainly backed by the increased infrastructure spending by the government and increasing participation of the private sector entrepreneurs. Beyond the energy sector, the government’s commitment to its large-scale industrial and infrastructure programmes will further drive the economic growth of the country.

In order to view the full report kindly click on the link below:

http://www.globalinv.net/research/Qatar-Economic-III.pdf


To view more reports on GCC equities and markets, please visit our website:

http://www.globalinv.net

Research Unit
Global Investment House
Tel: 965-2400551 Ext: 270

[صريح جدآ]

الله يعطيك العافيه ومشكور على الخبر بس وين الترجمه ترى ما فهمت شي يالغالي

[From_Qatat]

هاذي هي الترجمه

السّيد المحترم / سيدة،

في إستمرارِ تغطيتِنا على إقتصادياتِ جي سي سي، جِئنَا خارج بالقضيةِ الثالثةِ لسلسلةِ وجهةِ نظر قطرنا الإقتصاديةَ والإستراتيجيةَ. يَفْحصُ التقريرُ إمكانيةَ الإقتصادِ القطريِ والقطاعاتِ الرئيسيةِ المُخْتَلِفةِ. قطر تَظاهرتْ a سجل نجاحات الأداءِ الإقتصادي الكليِ والماليِ الصحّيِ. قَفزَ الناتج المحلي الإجمالي قطر إلى كيو آر 103.56 بليون (الولايات المتّحدة 28.45$ بليون) في 2004 مِنْ كيو آر 86.27 بليون (الولايات المتّحدة 23.7$ بليون) في 2003, a زيادة مدهشة 20 %. إلى يَرْفعْ النمو أبعد، الحكومة proactive على مبادراتِ السياسةِ الإقتصاديةِ والماليةِ. هذا يُدْعَمُ بشكل رئيسي بالبناء التحتي المتزايدِ يَصْرفُ بالإشتراكِ الحكوميِ والمتزايدِ لرجالِ أعمال القطاعِ الخاصّينِ. ما بعد قطاعِ الطاقة، إلتزام الحكومةَ إلى برامجِ بنائه التحتي الواسعة النطاقِ الصناعيةِ وسَيَقُودُ النمو الإقتصاديَ أبعد البلادِ.

لكي يَنْظرَ التقريرَ الكاملَ يَنْقرُ بلطف على الوصلةِ تحت
http://www.globalinv.net/research/Q...conomic-III.pdf
لنَظْر تقاريرِ أكثرِ على الأسهم العادية وأسواقِ جي سي سي، رجاءً زُرْ موقعَ ويبنا:
http://www.globalinv.net
وحدة بحثِ
بيت إستثمار عامِ
الهاتف: 965-2400551 Ext: 270

[Muslim Investor]

مرحبا ..

أشكركم على الاهتمام .. وأشكر فروم كاتات على الترجمة

التقرير يظهر النمو الاقتصادي بدولة قطر، وهو باللغة الإنجليزية

تحيتي

[متابع الأسهم]

هذة زبدة الموضوع. وهى متمركزة بأخر 3 صفحات بالتقرير الذى أستمتعت بقرائتة. وشكرا




Doha Securities Market Performance
Strong economic growth, buoyant crude oil prices, excess liquidity, opening of the market
for foreign investors and growing corporate earnings were the major factors which staged a
dramatic bull run at DSM during the year 2004 and in the current year so far. In 2004, Qatari
stock market continued its northward ride and reached an all time high. The DSM general
index posted a superior gain of 64.5%. In May 2005, Global launched indices for Qatari
stock market representing general market index and other sectoral indices, viz. Banking,
Insurance, Industrial and Services. The general index is a market capitalization-weighted
index and comprises of all the thirty one companies listed in the DSM (base year 1999). The
Global DSM Index posted a yearly gain of 48% in 2004 and ended the year at 425. At the
end of Nov. 2005, the Global DSM general index registered a whopping YTD gain of 82%
to reach 775 points.
DSM currently has thirty one companies listed on its exchange. During the year 2004,
two companies had been listed, The Meat & Live Stock Co. (in January 2004) and The
Warehousing Company (in March 2004). With these, the number of listed companies at
DSM increased to 30. The year 2005 witnessed mega IPO of Qatar Gas Transport Company
(Naqilat) which closed with great response as the issue had been over-subscribed by 9.5
times. The stock listed in the month of April 2005 at about 12 times its offer price of QR5 per
share (partly paid) which was the first listing of the year so far and increased the number of
listed companies to thirty one. The second IPO of the year was Dlala, a new brokerage and
investment company. The issue was priced at par i.e. QR10 per share and as per the market
reports the IPO has received good response from the investors. On December 04, 2005, the
mega IPO of a real estate venture named ‘Barwa’ which is promoted by Al Diyar Investment
Company was launched, which would be the last IPO of the year.
The major development of the year 2005 was the opening of the market for foreign investors.
A law that allows expatriates and non-resident foreigners to trade on the Doha Securities
Market from April 3 this year has been approved by the Emir of the country. The
Minister of Economy and Commerce also made the announcement that once the bourse is
opened up for trading to foreigners, they could seek entry to the boards of listed companies
and become directors. In anticipation of this development the market started moving up
significantly since the beginning of the year 2005, though the actual law came into effect
from April onwards.
DSM registered a significant growth in 2004, which continued so far in the current year as
well. The four major sectors in the DSM are banking, insurance, services and industry. In
2004, Global’s insurance sector index went up by 144.8% to reach 613.92 and banking sector
index increased by 88.7% to 588.24. Thus, both these indices have outperformed the Global’s
DSM index in terms of percentage gains. The indices of the other two sectors namely services
and industrial have underperformed the DSM market index in 2004 and grew by 45.2% and
5.3% respectively.
In just two months of 2005, DSM significantly outpaced the growth rate it achieved in the
whole of the previous year. Global DSM index moved up by a whopping 327.98 points to
752.71, a growth of 77% over 2004 year end value. Till November 2005, Global DSM index
achieved a YTD gain of 82%. The YTD gain of the industrial and banking sector indices
was at 158.5% and 96.4% respectively, thus outperforming the Global’s DSM index by a
significant margin. The indices of other two sectors, insurance and services witnessed a gain
of 42.8% and 24.9% during the eleven months of 2005.
Keeping in line with the increase in the stock market indices, DSM also witnessed robust
growth in trading activity. Trading activity as depicted by the value of shares traded witnessed
a 97% surge in 2004, to reach QR23.1bn. As a percentage of the total value of shares traded at
DSM in 2004, the banking sector accounted for 40%, services 34.8%, industrial sector 21.2%
and the insurance sector a minuscule 4%.
This growth in trading activity continued to remain strong in 2005 as well. The value of
shares traded swelled to QR94.6bn in the 11-months (Jan-Nov) of 2005. The services sector
dominated trading accounting for 43% of the total traded value. While banking and industrial
sectors accounted for 27.6% and 27% respectively of the total value traded in DSM during
the period Jan-Nov 2005.
In 2004, the volume of shares traded also kept pace with the rising market. The volume of
shares traded witnessed significant jump of 60.7% to 305.4mn shares. Services sector led
the trading volume in 2004 as it accounted for 46.9% of total volume traded, followed by
the industrial sector which accounted for 32.3%. The banking sector accounted for 17.9%
of volume traded and the insurance sector accounted for the rest of the 2.8% of the total
volume.
During the eleven months of 2005, the volume of shares traded grew 3 times over total volume
registered in 2004. The total trading volume stood at 946.2mn shares. Services sector accounted
for the highest volume of about 67%, which was mainly because of the Qatar Gas Transport
Company accounting for the highest volume traded in the services sector.
Out of the 30 listed companies at DSM in 2004, only 6 companies’ stock prices, registered
a decline in their value while all the other 24 saw their share value increase. In 2004, the
market capitalization (m-cap) of DSM went up steeply by QR49.97bn a sharp jump of about
51% and stood at QR147.19bn. Apart from the buoyant stock market, the major reasons for
this steep increase in m-cap are listing of two new companies and raising of capital by 11
companies during the year. Out of the four sectors, the insurance sector was the major gainer
in its m-cap with a gain of 145% and the banking sector accounted for the largest m-cap
of about QR55.9bn. At the end of Nov 2005 the DSM’s m-cap stood at QR313.4bn which
shows a robust growth of 112.9% over 2004 year end level.
Soaring oil prices, a continuing economic boom backed by a large inflow of foreign funds
into the country and near-stoppage of capital’s flight are the major factors contributed to the
current rally at Doha Securities Market (DSM). During 9M of 2005, the aggregate earnings
performance of the listed companies increased by about 42% over the corresponding period
of the previous year. While the YTD gain of the market, till September 2005, was about
112%. Therefore, going forward we believe that the market will remain in a corrective phase
for short term and it is better to adopt a cautious approach. However, we expect that it will
continue to remain firm in the medium to long term due to a mix of factors, prominent among
them being the firm crude oil prices, increase in public expenditure by the government, etc.

Corporate Earnings
The listed companies and banks in Qatar have performed exceedingly well in the year 2004
which also played an important role in the rally witnessed in DSM in 2004. The major growth
drivers for the corporate earnings have been the low interest rates, increased government
spending and improved liquidity in the system. The year 2004 witnessed a profit growth of
59.2% with collective net profits of the listed banks and companies stood at QR7.83bn. In
terms of sectoral growth in earnings in 2004 over 2003, it was the industrial sector which
recorded the highest growth of 104% to reach QR2.77bn, which was mainly due to the decent
performance by Industries Qatar. While other sectors namely, Insurance sector achieved a
profit of QR316.3mn (81% growth), banking sector’s profit stood at QR1.96bn (42% growth)
and services sector’s at QR2.78bn (39% growth). Sector-wise, services, industrial, banking
and insurance accounted for 35.5%, 35.4%, 25% and 4% respectively of the collective net
profits of all the listed companies at DSM in 2004. In 2004, Industries Qatar took the place
of Qatar Telecom and topped the list of locally listed companies in terms of profitability with
net profits of almost about QR2.5bn in 2004, which was nearly 32% of the total profits of all
listed companies in Qatar.
The financial results for the first nine months of the current year (2005) by most of the
companies have been encouraging which is further driving the stocks at the DSM. The
collective net profits of all the listed companies increased to QR8.6bn, showing a growth
of 42% over corresponding period of the previous year. With the government’s thrust on
spending on infrastructure and other civil projects there will certainly be a further economic
expansion which will drive almost all the economic sectors of the country. This will further
improve the revenue and profitability of listed Qatari companies.

[المستحيله]

مشكور اخوي

[بو عبد الرحمن]

مشكور يا مستثمر اسلامي على الخبر الحلو. ليس هناك شك ان قطر تعيش عصرها الذهبي للتنمية ويجب على الكل الاستفادة من هذا الامر ايجابيا، لأن الفرصة قد لا تتكرر.

[Muslim Investor]

أشكر جميع من شارك ..
وإن أردتم تقرير دولة الإمارات فهو موجود عندي كذلك

تحيتي