Qatari stock alert

QATAR

CLOSING UPDATE: Qatar Insurance decreases gains by 0.8%, led Insurance index higher 20 September 2018 13:24 AST

NEWS BITES - MIDDLE EAST & NORTH AFRICA

This is an end of day Alert, produced after today's Qatar market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Qatar Insurance, Qatar's largest insurance company by market capitalisation, has lifted 2.0% to trade at QAR39.08 vs. the Insurance index which strengthened 18.8 points (or 0.6%) to 3,270.3. Representing a weighting of about 65.5% of the index, the stock accounted for the gain. The shares have outperformed 95% of the market in the past week. Trading volume was 4.2 times average at the end of the day. Compared with the QE Index which fell 4.9 points (or 0.05%) in the day, this represented a relative price increase of 2.1%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.41 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the Qatar market, the stock's relative price strength percentile is improving at 55 for 6 months, 60 for 3 months and 93 for 1 month.

Other Bullish Signals include:

+ Interest cover is less leveraged at 7 times.

+ Tobin's Q Ratio is 0.3. Compared with the rest of the market the stock is undervalued.

Note

Qatar Insurance today is at a discount of 35.9% to the 12-month high of QAR61.0 on 15 Jan, 2018. It is at a premium of 19.1% to the 12-month low of QAR32.80 on 13 May, 2018.

Bearish Signals:

The present value of QAR1,000 invested one year ago is QAR668 [vs QAR1,173 for the QE Index].

As per the Du Pont analysis, Return on Equity is less than stellar at 4.5%. Also, this has deteriorated from 13% last year.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price/Earnings of 30.5 [19.3]

Price to Book of 1.2 [1.0]

Return on Assets 1.2% [1.8%]

TODAY'S ALERT

Morning Alert: Qatar Insurance lifts 2.8%, leads Insurance index higher

20 September 2018 10:06 AST

Qatar Insurance (QE:QATI) has lifted 2.8% to trade at QAR39.40 vs. the Insurance index which strengthened 7.4 points (or 0.2%) to 3,258.9. Representing a weighting of about 65.5% of the index, the stock accounted for the gain. The shares have outperformed 92% of the market in the past week. Trading volume was 1.2 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Qatar Insurance lifts further 2.1%, led Insurance index higher

19 September 2018 13:25 AST

Qatar Insurance, Qatar's largest insurance company by market capitalisation, has lifted 3.9% to trade at QAR38.31 vs. the Insurance index which strengthened 96.7 points (or 3.1%) to 3,166.8. Representing a weighting of about 65.0% of the index, the stock accounted for 83.6% of today's gain. The shares have outperformed 95% of the market in the past week. Trading volume was 2.9 times average at the end of the day. Compared with the QE Index which fell 27.6 points (or 0.3%) in the day, this represented a relative price increase of 3.8%.

Morning Alert: Qatar Insurance increases 1.8%, leads Insurance index higher

19 September 2018 10:06 AST

Qatar Insurance (QE:QATI) has increased 1.8% to trade at QAR37.51 vs. the Insurance index which strengthened 11.9 points (or 0.4%) to 3,166.8. Representing a weighting of about 63.6% of the index, the stock accounted for the gain. Trading volume was 2.7 times average so far today.

Qatar Insurance (QA:QATI; QD:QATI)

ISIN: QA0006929838

PermID: 4295886969

Source: www.BuySellSignals.com