The week ahead marks the peak of the second-quarter earnings season, with more than one third of the companies listed on Qatar's QE Index reporting. But the performance of stocks is likely to be shaped by the international backdrop, Abu Dhabi's Invest AD said yesterday.
Prominent companies reporting this week include Qatar International Islamic Bank and Qatar General Insurance and Reinsurance, in addition to Qatar Navigations due today. Qatar Gas Transport should report on Tuesday, Commercial Bank of Qatar and Dlala Holding on Wednesday and Qatar National Bank on Thursday. In the UAE, Emirates NBD and Shuaa Capital should release their second-quarter results tomorrow.
Even with this heavy flow of news on tap, a more critical measure of market sentiment may be developments outside the region, said Sachin Mohindra, the lead manager at Invest AD's GCC Focus Fund.
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