Qatar Economic Outlook Issue Number 13

 
Figure 2-9: Development of deposit 
components by ownership (percentage points 
and %) 
-6
-4
-2
0
2
4
6
8
10
12
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
Q4
(N
ov
)
2019
2020
2021
Personal
Companies
Government
Public enterprise
Non-Residents
Total deposits (%)
Source: QCB and prepared by PSA

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Qatar Economic Outlook 2021 - 2023 
58 
Impacts on Financial Market
(QSE) 
After the monthly data of the overall index of 
the Qatar Stock Exchange (QSE) for 2019 
showed a positive change rate, which 
averaged about 9.2%, with a maximum of 
17.9% and a minimum of negative 2.1%, the 
same data for 2020 witnessed a significant 
decline, amounting to an average of negative 
7.7%, with a maximum of 1.1% and a 
minimum negative 18.8%, due to the impact 
of global financial markets given the decline 
in oil and gas prices and the repercussions of 
Covid-19 containment measures at the local, 
regional, and international levels. Likewise, 
the average market value (market 
capitalization) of shares traded in 2020 went 
down by 5.4% from QR 576 billion in 2019 to 
QR 545 billion in 2020.
As shown in Figure (2-10), all major sectors 
witnessed declines during the quarters of 
2020, albeit to varying degrees, except for 
the transportation and real estate sectors, 
which witnessed stability and positive growth. 
The main QSE Index expressing all sectors 
is the QSE All-Share Index, whose monthly 
data showed a decline by an average of 
negative 4.7%, with a maximum of 5% and a 
minimum of negative 19.7%. The 
developments during the months (January to 
November of 2021) will be discussed later 
(section of stability of financial market) 
With regard to sectoral development, the 
quarterly data showed an increase in the two 
indices: the financial and transport sectors by 
1.4% and 10.4%, respectively. As for the rest 
of the indices, they all moved down but the 
greatest decline was experienced by the 
industry and insurance indices by 15.4% and 
25.1%, respectively. 
The total trading value of QSE in 2020 
amounted to about QR 105.8 billion, 
compared to QR 67.7 billion for 2019. As for 
the number of traded shares recorded by 
QSE during 2020, it reached 55 billion 
shares, compared to 11.4 billion shares for 
2019, which executed through 2.29 million 
transactions. 
It is interesting, according to the annual 
report of QSE for the year 2020, that despite 
the Covid pandemic, the daily average of the 
value of trade/shares and their number 
during the year 2020, amounted to about QR 
424.8 million, compared to QR 270.8 million 
for the year 2019, an increase of 56.9%. 
As regards the sectoral contribution to the 
trading value growth rate in 2020, the real 
estate sector ranked first as it contributed to 
about 19 percentage points of the total 
annual growth rate of 56.2%, and the 
financial sector came in second place by 15 
percentage points, followed by the services 
sector and consumer goods by 9 percentage 
points, then the transport sector by 7 
percentage points, and the industrial sector 
by 5 percentage points. It should be noted 
that the total trading value of the financial 
sector accounted for 36% of the total trading