Qatar's stock market will take its cue from a stream of quarterly reports this week that could shape investor views on the country's banking sector.
"Investors are expecting good earnings from the banks that haven't reported," said Joe Kawkabani, the chief investment officer for equities at Franklin Templeton Investments. "From the ones that have, loan volumes have been impressive, and non-performing loans have declined after the government raised wages and announced infrastructure projects for the 2022 football World Cup," he said.
Qatar, the biggest exporter of liquefied natural gas, expects economic growth of about 16 per cent and projects a budget surplus of 6.1 billion rials this year. The IMF forecasts growth of about 19 per cent this year, making Qatar's the world's fastest-growing economy for a second year.
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