GulfBase GCC Cap Indices
Large Cap4,063 0.02
Med Cap3,915 -0.11
Small Cap4,986 -0.33
Micro Cap8,467 0.09

Research Reports

Quick Links

Most Viewed News

Most Viewed Companies

Ticker Price Volume
QNBK 142.2 172,641
AMLAK 1.12 15,711,314
GFH 0.58
DEYAAR 0.53 5,233,540
ALMARAI 81.02 320,612
SABIC 99.96 2,158,487
BKMB 0.36 6,998,991

The Commercial Bank of Qatar

Source: NBK Capital

Lackluster 2010 but Undervalued

• We initiate coverage of the Commercial Bank of Qatar (CBQ) with a “Buy” recommendation and a fair value per share of QR 92.80, representing a 38% upside potential. CBQ is trading at a price-to-book (P/B) ratio of 1.4x versus the peers’ average of 2.3x. CBQ is the second-largest bank in Qatar, with an 11% market share of assets, and is private-sector-focused bank. Following the capital injection in 2009, the Qatari government now holds a 9.1% stake in the bank.

Click here to download the complete report
GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend


Looking ahead, what change you are more likely to make in investing in your domestic stock market?