QATAR INSURANCE

Weekly Report

Issue – 2014 Week 19

02 to 08 May, 2014

TIMMINT Market Intelligence Qatar Insurance Weekly Report 02 to 08 May, 2014

2

From:

TIMMINT Market

Intelligence

To: Whom it may concern

Subject:

Weekly Status Report,

Qatar Insurance Industry.

Issue Year 2014, Week 19

Report Sections Page

QATAR Insurance

News 2

Qatar Exchange

Insurance Index 4

Market Performance 5

Companies

Performance 6

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QATAR INSURANCE NEWS

Firms given one year to comply with law banning double

insurance

Private insurance companies have been given one-year grace period to comply with the law

banning double insurance.

According to a new circular issued by the Supreme Council of Health (SCH), these firms can

continue to provide insurance cover to citizens for basic healthcare services until next April

30.

The SCH had earlier asked private providers to start adjusting their policies and contracts

beginning this April 1 to avoid double insurance, following the launch of national health

insurance scheme, Seha. A circular was issued in this regard last November. The second phase

of Seha launched on April 30 provides insurance cover to all citizens for basic healthcare

services.

“To give more time to private insurance companies to adjust their policies

and contracts, a 12-month grace period has been given, from April 30, 2014

to April 30, 2015. From that date, they must stop providing insurance cover

for basic healthcare services,” said the circular.

Law No. 7 of 2013 regulating the national health insurance scheme has banned private

insurance companies from providing insurance cover for basic healthcare services for any of

the segments mentioned in it. Seha aims at providing mandatory insurance cover for all

citizens, expats and visitors to Qatar likely by 2015-end.

The scheme has been implemented in a phased manner, with all citizens being covered in the

second and current phase. Coverage for expats is expected to begin next year.

As per the law, National Health Insurance Company (NHIC) is the sole provider of health

insurance in Qatar for basic healthcare services. Private insurance companies may only

provide cover for additional services not listed in executive regulations. NHIC has issued a full

list of healthcare services covered by Seha in its current phase.

Source: The Peninsula

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TIMMINT Market Intelligence Qatar Insurance Weekly Report 02 to 08 May, 2014

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Qatar shares inch near 13,000 level on foreign

institutional buy support

Foreign institutions’ robust buying support yesterday lifted the Qatar Stock Exchange as its

key index inched near the 13,000 level. Buying interests were squarely visible at the telecom

and banking counters as the 20-stock Qatar Index (based on price data) rose 0.52% to

12,961.4 points. Local retail investors’ buying interest, albeit at lower levels, also helped the

rally in the bourse, which is up 24.87% year-to-date.

The index that tracks Shariah-principled stocks was seen gaining slower than the other indices

in the bourse where trading activities were on the decline. Overall, volumes were mainly

skewed towards telecom, banking and realty equities.

The 20-stock Total Return Index rose 0.52% to 19,328.25 points, the All Share Index (with

wider constituents) by 0.35% to 3,302.65 and the Al Rayan Islamic Index by 0.22% to 4,281.97.

All the three indices factored in dividend income as well.

The transport stock index was unchanged.

However, Woqod, Ezdan, United Development Company, Aamal Company, Barwa and Qatar

Investors Group bucked the trend.

There was a 26% shrinkage in the industrials sector’s trading volume to 2.01mn stocks, 5% in

value to QR180.4mn and 19% in deals to 2,275.

The consumer goods sector’s trading volume tanked 17% to 1.57mn equities and value by 3%

to QR151.32mn, while transactions expanded 17% to 1,539.

The banks and financial services sector reported a 9% decline in trading volume to 2.98mn

shares, but there was a 15% rise in value to QR169.76mn. Deals were down 15% to 1,666.

However, the telecom sector’s trading volume shot up 13% to 6.32mn stocks and value by

76% to QR204.86mn whereas transactions melted 19% to 1,031.

Source: Asia Insurance Review

Telecom stocks appreciated 1.62%, followed by banks and financial services (0.82%) and

industrials (0.26%), while consumer goods shrank 1.81%, real estate 0.8% and insurance lost

0.72%.

Major gainers included QNB, Vodafone Qatar, Ooredoo, Masraf Al Rayan, Dlala, Mannai Corporation, Gulf International Services and Doha Insurance.

The insurance sector saw its trading volume gain 4% to 0.25mn equities but value fell 12% to

QR10.53mn. Deals were up 9% to 202.

TIMMINT Market Intelligence Qatar Insurance Weekly Report 02 to 08 May, 2014

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QATAR EXCHANGE INSURANCE INDEX

Insurance Sector Performance:

The chart for Qatar Insurance Index illustrates the global performance of all Qatar insurance companies in the stock market for a period of one year, showing a year to date change of (39%).

Insurance Index - Year to Date Figures

Index as of 31 Dec Current Index YTD Change Indicator % Change

2,336.10 3,247.07 910.97

39%

Insurance Index vs. QE Index (One Year)

--- QE All Share index --- Insurance All Share Index

TIMMINT Market Intelligence Qatar Insurance Weekly Report 02 to 08 May, 2014

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MARKET PERFORMANCE

The tables hereunder reflect the performance of the listed insurance companies during the week:

Companies Symbol High Price Low Price Closing Price Last Week

Closing

Price Change

Value %

Qat. Insurance QATI 77.0 74.8 75.5 75.4 0.10 0.13

Doha Insurance DOHI 25.9 24.0 25.0 24.3 0.73 3.01

General Insurance QGRI 45.0 44.0 44.0 43.0 1.00 2.33

Al-Khaleej Insurance AKHI 39.0 37.7 38.0 38.0 0.00 0

Islamic Insurance QISI 75.1 72.0 72.0 74.2 (2.20) -2.96

Financial Indicators

Symbol Dividend Yield

(%) P/BV Ratio

P/E Ratio

EPS (QR)

BV/Share (QR)

Stock Price (QR)

QATI 2.6 2.4 15.5 4.9 32.3 76.0

DOHI 4.2 2.2 17.8 1.4 11.1 24.6

QGRI 2.8 0.7 1.5 30.8 69.6 44.9

AKHI 1.7 1.3 11.4 3.3 29.5 38.0

QISI 5.2 4.2 14.3 5.1 17.3 72.8

2.87 1.61 5.88 9.91 36.18

The chart below shows the positioning of the insurance

sector among the other sectors in Qatar Exchange Market -

by value

The chart below shows the positioning of the insurance

sector among the other sectors in Qatar Exchange Market -

by volume

Banks & Financial Services

20%

Consumer Goods & Services

13%

Industrials 22%

Insurance 2%

Real Estate 18%

Telecoms 15%

Transportation

10%

Banks & Financial Services

15%

Consumer Goods & Services

7%

Industrials 12%

Insurance 1%

Real Estate 26%

Telecoms 26%

Transportation

13%

TIMMINT Market Intelligence Qatar Insurance Weekly Report 02 to 08 May, 2014

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COMPANIES PERFORMANCE

QEM Insurance Charts:

There are presently 5 listed insurance companies onto the Qatar Exchange Market. The charts below show their evolution in price and volume for a period of one year.

Qatar Insurance

* One year data

Symbol Last Price 52 Weeks High 52 Weeks Low

QATI 76 82.5 56.5

Doha Insurance

* One year data

General Insurance

v * One year data

Symbol Last Price 52 Weeks High 52 Weeks Low

QGRI 44.9 60.7 38.5

Al-Kaleej Takaful

* One year data

Symbol Last Price 52 Weeks High 52 Weeks Low

DOHI 24.6 32.9 22.4

Symbol Last Price 52 Weeks High 52 Weeks Low

AKHI 38.45 48 31

TIMMINT Market Intelligence Qatar Insurance Weekly Report 02 to 08 May, 2014

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Islamic Insurance

* One year data

Symbol Last Price 52 Weeks High 52 Weeks Low

QISI 72.8 84 52.5

TIMMINT Market Intelligence Qatar Insurance Weekly Report 02 to 08 May, 2014

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