Qatari stock alert

QATAR

CLOSING UPDATE: Qatar Islamic Bank increases 1.3% on high volume 18 January 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 Islamic Bank, Qatar's 3rd largest bank by market capitalisation, traded on heavy volume of 1.9 times average today while the price increased QAR1.29 (or 1.3%) to trade at QAR98.29. Compared with the QE Index which rose 35.2 points (or 0.4%) in the day, this represented a relative price increase of 0.9%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.8 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The stock has outperformed 81% of the Qatar market over the past 6 months.

+ The price increased 0.2% in the last week and climbed 5.7% in the last month.

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

Undervaluation:

+ Price/Earnings/Growth of 0.73 [3.9]

+ Price to Book of 1.2 [1.6]

+ Dividend yield of 4.8% [3.4%]

+ Year-on-Year Earnings Growth of 6.1% [2.8%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 27.2%.

+ Tobin's Q Ratio is 0.2. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stocks by value of Q Ratio.

Note

Qatar Islamic Bank today is at a discount of 6.9% to the 12-month high of QAR105.59 on 25 Jan, 2017. It is at a premium of 13.1% to the 12-month low of QAR86.90 on 03 Jul, 2017.

Bearish Signals:

As per the Du Pont analysis, Return on Equity of 10.3% is lower than sector average of 12.1%.

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

Overvaluation:

Return on Equity 10.3% [12.1%]

TODAY'S ALERT

Morning Alert: Qatar Islamic Bank increases 1.7%, leads market higher

18 January 2018 10:06 AST

Qatar Islamic Bank (QE:QIBK) has increased 1.7% to trade at QAR98.63 vs. the QE Index which strengthened 27.8 points (or 0.3%) to 9,168.1. Representing a weighting of about 6.0% of the index, the stock accounted for 33.4% of today's gain. The shares have outperformed 81% of the market in the past six months. Trading volume was 3.7 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Qatar Islamic Bank decreases further 0.4% on high volume

15 January 2018 13:24 AST

Qatar Islamic Bank, Qatar's 3rd largest bank by market capitalisation, traded on heavy volume of 2.3 times average today while the price decreased QAR1.15 (or 1.2%) to trade at QAR97.59. Compared with the QE Index which fell 189.3 points (or 2.1%) in the day, this represented a relative price increase of 0.9%.

Morning Alert: Qatar Islamic Bank decreases 0.7%

15 January 2018 10:06 AST

Qatar Islamic Bank (QE:QIBK) traded on volume of 0.1 times average so far today while the price decreased 74.0 Dirham (or 0.7%) to trade at QAR98.0.

Qatar Islamic Bank (QA:QIBK; QD:QIBK)

ISIN: QA0006929853

PermID: 4295886959

Source: www.BuySellSignals.com