QE includes Ezdan Holding in three key indicators
Published: Sep 25, 2014
Source: Peninsula Qatar


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QE includes Ezdan Holding in three key indicators

Real estate major Ezdan Holding Group yesterday said Qatar Exchange’s decision to include the group in the bourse’s three key indicators reflects the outstanding performance of the Group’s share in the local bourse. The Group’s share, with effect from October 1, 2014 will be included in “Qatar Exchange General Index” and “Al Rayyan Islamic Index” as well as in the “All Share Index”.

This comes after Ezdan Holding Group recorded the highest trading in Qatar Exchange with a turnover rate that reached 9.7 percent over the course of the past period. The number of new shareholders in the group increased as well by a staggering 425 percent, resulting in a record rise of 1,800 percent in the number of shares acquired by new shareholders.

Commenting on this milestone, Ali Mohammed Al Obaidli, Group CEO said: “This is a new achievement added to Ezdan Holding Group’s proud record of accomplishments. The inclusion of the Group in three Qatar Exchange indicators represents a new recognition of Ezdan Holding Group’s strength, and the outstanding performance of its share. This success also sends a reassuring message to all our shareholders that we are moving in the right way, and that their investments are growing with the Group. This is just the beginning, for that we promise our shareholders that we will achieve more and more during the coming period.”

Financial indicators show a clear improvement in the Group’s performance, especially the book-to-market value, which amounted to 1.75 times in the Group, meaning that the market price is less than twice the book value, while the average percentage in the Qatari market is 2.36 times. 

The price-earnings ratio amounted to 0.80 percent in the Group, while the average price-earnings ratio in the Qatari market is 700 percent. This means that the time it takes shareholders to profit from the share of the Group is much shorter than the market average, which attracts investment from the financial portfolios standpoint.

The relative weight of the group in the index is large; Al Obaidli explained, adding that it has reached 11.2 percent of total weight of the index, which gives the group a greater share of representation in private portfolios wishing to invest in QE. 

QE has launched a number of new stock indicators in April 2012, along with the general index, to measure the overall performance of the market and provide investors with additional tools to evaluate the performance of the market in real-time

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