Qatari stock alert

QATAR

CLOSING UPDATE: Masraf Al - Rayan decreases further 0.03% 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).

Masraf Al - Rayan, Qatar's 3rd largest bank by market capitalisation, traded on volume of 0.9 times average today while the price decreased 5.0 Dirham (or 0.1%) to trade at QAR37.99. Compared with the QE Index which fell 4.9 points (or 0.05%) in the day, this represented a relative price change of -0.1%.

Technical indicators complementing today's significant downtrend:

+ The price decreased 1.4% in the last week.

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

Overvaluation:

+ Price/Earnings of 14.1 [12.1]

+ Price to Book of 2.2 [1.0]

Note

Masraf Al - Rayan today is at a discount of 11.2% to the 12-month high of QAR42.78 on 10 Jan, 2018. It is at a premium of 15.1% to the 12-month low of QAR33.01 on 31 May, 2018.

The stock has outperformed 64% of the Qatar market over the past 6 months.

Bullish Signals:

The positive 0.24 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

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

As per the Du Pont analysis, Return on Equity of 15.6% is better than sector average of 7.7%.

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

Undervaluation:

Return on Equity 15.6% [7.7%]

Return on Assets 2% [1.5%]

TODAY'S ALERT

Morning Alert: Masraf Al - Rayan decreases 0.1%

20 September 2018 10:06 AST

Masraf Al - Rayan (QE:MARK) traded on volume of 0.4 times average so far today while the price decreased 4.0 Dirham (or 0.1%) to trade at QAR38.0.

RECENT ALERTS

CLOSING UPDATE: Masraf Al - Rayan increases further 0.1%

19 September 2018 13:25 AST

Masraf Al - Rayan, Qatar's 3rd largest bank by market capitalisation, traded on volume of 0.3 times average today while the price increased 9.0 Dirham (or 0.2%) to trade at QAR38.04. Compared with the QE Index which fell 27.6 points (or 0.3%) in the day, this represented a relative price increase of 0.1%.

Morning Alert: Masraf Al - Rayan increases 0.2%

19 September 2018 10:06 AST

Masraf Al - Rayan (QE:MARK) traded on volume of 0.4 times average so far today while the price increased 7.0 Dirham (or 0.2%) to trade at QAR38.02.

Masraf Al - Rayan (QA:MARK; QD:MARK)

ISIN: QA000A0M8VM3

PermID: 4295886916

Source: www.BuySellSignals.com