Investment Goals and Objectives - Assignment Example

Personal Finance Customer Insert His/Her Name Customer Insert Grades Course Customer Insert Tutors Name May 11, 2012. Index 1. Abstract 2. Chapter I: Personal Finance a. Introduction b. Elements of the investment c. Investment goals and objectives d. Return and Risk e. Investment Philosophy f. Asset Allocation 3. Chapter II: Investment Portfolio a. Bullion Market i. Gold ii. Silver iii. Platinum b. Stock market i. Qatar Telecom ii. Industries Qatar Co. iii. United Development Co. iv. Qatar Gas Transport Co. c. FOREX Market i. USD/QAR ii. EUR/QAR iii. GBP/QAR iv. JYP/QAR 4. Chapter III: Return Outcomes 5. Conclusion 6. References 7. Appendices Abstract This report will account for investment undertaken for two months on bullion market where gold, silver and platinum were the main metals invested in this market. The other investment category was the stock market where four different companies stocks from Qatar are included in the portfolio these companies include Qatar Telecom, Industries Qatar Co., United Development Co. and Qatar Gas Transport Co. Finally, FOREX market currencies like GBP, USD, JYP and EUR against Qatari Riyal (QAR) will be included in our portfolio. These assets will be bought and sold in order to earn capital gains with the aim of increasing the initial capital. In the end we will evaluate the portfolio performance and measure up against our investment goals and objectives. Chapter I: Personal Finance This chapter will introduce the project report and outline our investment goals, objectives and philosophy and finally show how the investment amount has been distributed among the investment categories or assets. Introduction The process of investment plan begins with construction of the policy statement. Policy statement is a road map that focuses on long-term and short-term needs, familiarity with capital market history and investors’ expectations (IAM, 2012:Byu.edu, 2012). In a policy statement, the investor specifies the type of risks they are willing to take and their investment goals and constraints. All the investment decisions are based on the policy statement to ensure they are appropriate for the investor because investor needs change over time. Policy statement must be periodically reviewed and updated. The second stage in investment process is the investment strategy which focuses on examination of the current and projection of the financial, economic, political and social conditions. It focuses on short-term and intermediate term expected conditions to use in constructing a specific portfolio. Thirdly is the implementation of the plan by constructing a portfolio. This focuses on meeting investor’s needs at minimum risk levels with the investor’s policy statement and financial market forecast as the input. Finally, continued monitoring of the portfolio by updating the investor’s needs environmental conditions and performance evaluation (IAM, 2012:Byu.edu, 2012). Therefore, this report will undertake the above four stages to manage an investment portfolio that has an initial investment amount of QR 1,000,000 with an objective of increasing this amount by the end of the investment period. Elements of the investment Investment goals and objectives The investment time frame is two months; this implies that as investors we will prefer more conventional investment such as cash which will make sure that initial capital is readily available within this time horizon. This means that we may not be going for stocks as they are long-term in nature and they are growth assets in which investors are not concerned with short-term movements or price fluctuations. But since we are speculating we will still invest in stocks. We are willing to put capital worth QAR 1,000,000 in a portfolio of assets with an expectation of increasing this value within the two months. That is if we invest QAR 1,000,000 in a portfolio, we expect to earn 10% of the initial capital when we put on sale the portfolio in two months time. This is because we are adventurers and we make decisions quickly and feel good about them, normally we do not spend a lot of time second guessing prior decisions. We do have substantial market experience and quite particular with fundamental nature of the market place and its ups and downs as well as the fact that the market seldom offers free lunches. That’s why we are seeking capital appreciation and we will normally speculate. Based on time horizon and the goal of adding value we are willing to take higher risk in other investments options like FOREX market, Gold & Other metals and stock Market investment. Return and Risk We expect to achieve short-term average rate of return of at least 10% of the return on a portfolio made up of FOREX market, stocks and Gold & other metals investments in two months time. A portfolio beta that is more or less than 1 means that the portfolio should be more or less risky than the market. An asset with performance above or below average return volatility may be part of our portfolio. In addition we want to minimize the likelihood that our portfolio will fail to at least keep up with the cost of living. Investment Philosophy We are focusing on building on the risk management as the investment philosophy. This is because all investments are built on some amount of risks. Investments with low returns and low risks carry purchasing power and inflation risks. To manage risks diversification through allocation of assets is essential in this case. Diversification will be carried out by owning a number of different categories of investments as shown in the next section. Asset Allocation The capital amount of QAR 1,000,000 will be allocated to 25% to Bullion market, 25% to FOREX market and 50% to stocks as shown below. Stocks take the highest allocation because they are more volatile than the other categories of assets. Category Asset Name             Ticker Symbol Industry Sector Beta Allocation Bullion market (25%) Gold   Precious metals   8.33%   Platinum   Precious metals   8.33%   Silver   Precious metals   8.33%     Stocks (50%) Qatar Telecom QTEL Telecommunication 0.74 12.5%   Industries Qatar Co. IQCD Industrial 1.13 12.5%   United Development Co. UDCD Real Estate 0.85 12.5%   Qatar Gas Transport Co. (Nakilat) QGTS Transportation 0.86 12.5%             FOREX (25%) USD/QAR   Currencies   6.25%   GBP/QAR   Currencies   6.25%   JPY/QAR   Currencies   6.25%   EUR/QAR   Currencies   6.25% Source: Bullion Rates. 2012: Forexpros, 2012: GulfBase, 2012. Chapter II: Investment Portfolio This chapter will explain step by step transaction in the market place; that is it is going to explain how the earnings were made for each type of investment category together with relevant evidences. Bullion Market Our investment is made up of three precious metals that include Silver, Gold and Platinum. The prices of metals are in terms of price/oz with currency being expressed by Qatari Riyal (QAR). Gold, Platinum and silver are allocated 8.33% of the initial capital each. This amounts to QAR 83,333.33 each. Gold On March 15, 2012 the Gold was selling at QAR 6,034.88, the price of Gold was on a downward trend as shown on Chart 1 below. So no action was taken because we expected prices to continue to drop because the market was bearish at that time and it was not the good time to buy. This means that we had to wait until the prices start to increase or the market become bullish. From March 12 to March 21 the gold price was on a downward trend because many investors were disposing their Gold holding forcing prices down due to forces of supply and demand in which case supply was more than demand. On March 22 the Gold was at a price of QAR 5,989.71 and we decided to buy at this price because we did not expect it to go down further. The quantity of Gold bought was 13.913 The Gold prices increased the following day on March 23 as more investors bought the Gold this means that the market was bullish because the demand was higher than the supply. The prices reached a high of QAR 6,152.14 on March 26 and we decided to sell our Gold holding of 13.913 oz. On March 28 we bought Gold with the initial capital of QAR 83,333.33 so we did not reinvest our returns. We bought gold amounting to 13.767 oz. But Gold prices decreased further in the following day to QAR 6,046.11 but we could not sell at this price because we would have made losses we had to wait till the price was more than our buying price. However, the trend did not continue in the next day as the prices increased to QAR 6,075.93 while on April 2 the prices increased to QAR 6,103.25 at this price we decided to sell 13.767 oz. And with the use of the Gold price chart we were able to see that price of Gold will not be increasing with a higher margin therefore we decided to sell on April 2. On April 4 we bought gold amounting to 14.123 oz at a price of QAR 5,900.68. The gold price increased on April 5 to QAR 5,931.51 but we waited to see if the prices will increase further in order for us to sell our holding. The market became bullish as more investors bought gold forcing price to increase and on April 12 the price reached QAR 6,102.02 and at this price we sold our holding. Chart 1: Gold Prices Source: Bullion Rates. 2012 The next transaction was on April 18 at a price of QAR 5,975.60 thus we bought 13.95 oz which were later sold on May 4 at a price of QAR 5980.31. The above transactions are summarized in table below. Gold         Date Transaction Principal Price oz 22-Mar-12 Buy 83,333.33 5989.71 13.9127487 26-Mar-12 Sell 83,333.33 6152.14 13.9127487 28-Mar-12 Buy 83,333.33 6053.33 13.76652685 02-Apr-12 Sell 83,333.33 6103.25 13.76652685 04-Apr-12 Buy 83,333.33 5900.68 14.12266552 12-Apr-12 sell 83,333.33 6102.02 14.12266552 18-Apr-12 Buy 83,333.33 5975.6 13.94560044 04-May-12 Sell 83,333.33 5980.31 13.94560044 Silver The first transaction was made on March 22, we bought silver worth QR 83,333.33 at a price of QAR 114.87 thus we bought 725.46 oz. On March 26 the same was sold at a price of QAR 119.52. The price of silver was taking a downward trend this meant that silver market was bearish as shown on chart below. Source: Bullion Rates. 2012 We reinvested same amount on March 28 at a price of QAR 116.69 owning 714.14 oz and the same was sold on April 2 at a price of QAR 120.06 earning capital gains of QAR 2,406.65. The next transaction was on April 11 at a price of QAR 115.33 owning 722.56 oz of silver and the same was sold on April 22 at a price of QAR 115.48 earning capital gains of QAR 108.38. The above transactions are summarized on the following table. Silver         Date Transaction Principal Price oz 22-Mar-12 Buy 83333.33 114.87 725.4577348 26-Mar-12 Sell 83333.33 119.52 725.4577348 28-Mar-12 Buy 83333.33 116.69 714.1428571 02-Apr-12 Sell 83333.33 120.06 714.1428571 11-Apr-12 Buy 83333.33 115.33 722.5642071 22-Apr-12 Sell 83333.33 115.48 722.5642071 Platinum On March 16 we bought Platinum at a price of QAR 6,087.84 with the initial amount of QAR 83,333.33. We bought Platinum quantity of 13.69 oz which were later sold on March 19 at a price of QAR 6,120.86 earning capital gains of QAR 452.04. The next transaction was on March 23 we used the same amount of principal to purchase 14.07 oz at a price of QAR 5,924.4. Later this Platinum holding was sold on March 27 at a price of QAR 6,019.07 making capital gains of QAR 1,332.01. Source: Bullion Rates. 2012 The Platinum price was taking a downward trend as shown by the chart above thus we waited for price to reach the lowest price this means that there was no buying. The above transactions are summarized as follows; Platinum         Date Transaction Principal Price oz 16-Mar-12 Buy 83333.33 6087.84 13.68848886 19-Mar-12 Sell 83333.33 6120.86 13.68848886 23-Mar-12 Buy 83333.33 5924.4 14.06612146 27-Mar-12 Sell 83333.33 6019.07 14.06612146 Stock market In Qatar stock market we selected four companies that include Qatar Telecom (QTEL), Industries Qatar Co. (IQCD), United Development Co. (UDCD) and Qatar Gas Transport Co. (QGTS). Stocks made up 50% of our portfolio which was initially worth QAR 1,000,000 amounting to QAR 500,000. Each stock take 12.5% of the initial capital invested that is an amount worth QAR 125,000 is invested in each stock. Qatar Telecom On March 18 we purchased stocks worth QAR 125,000 at a price of 126.9949 thus we held 984.2915 stocks. This holding was later sold on April 1 at a price of QAR 135.5 making capital gains of QAR 8,371.50. We reinvested the same amount of capital and bought 977.326 stocks at a price of QAR 127.9 on April 16, which was the opening and the highest price for the day. We held the 977.326 stocks till April 30 and we were able to sell at a price of QAR 140.6 making capital gains of QAR 12,412.04. Date Transaction Principal Price Stocks 18-Mar-12 Buy 125000 126.9949 984.2915 01-Apr-12 Sell 125000 135.5 984.2915 16-Apr-12 Buy 125000 127.9 977.326 30-Apr-12 Sell 125000 140.6 977.326 Industries Qatar Co. On April 18 we bought the IQCD’s stock at a price of QAR 141 with the principal amount allocated to this stock of QAR 125,000. This means that we held 886.525 stocks. These stocks were then sold later on April 1 at a price of QAR 142.4 thus we made QAR 1,241.14. On April 17 we bought stocks at QAR 139 and thus we held 899.28 stocks which were later sold on April 23 at QAR 149 making capital gains of QAR 8,992.80. Reinvested the amount on April 26 at a price of QAR 145 and later sold on May 6 at a price of QAR 146.7 making profit of QAR 1,465.52. Industries Qatar Co.         Date Transaction Principal Price Stocks 18-Apr-12 Buy 125000 141 886.5248 01-Apr-12 Sell 125000 142.4 886.5248 17-Apr-12 Buy 125000 139 899.2806 23-Apr-12 Sell 125000 149 899.2806 26-Apr-12 Buy 125000 145 862.069 06-Apr-12 Sell 125000 146.7 862.069 United Development Co. On March 18 we bought UDCD’s stock at a price of QAR 18.2 which we later sold at a price of QAR 20.1 on March 20 earning capital gains of QAR 13,049.45. On March 27 we bought the stocks at a price of QAR 19.64 and sold them later at price of QAR 20.06 on April 18 making a profit of QAR 2,673.12. On April 24 we reinvested the amount at a price of QAR 18.62 and we later sold on this holding on April 30 at a price of QAR 18.69 making capital gains of QAR 469.92. United Development Co.         Date Transaction Principal Price Stocks 18-Mar-12 Buy 125000 18.2 6868.132 20-Mar-12 Sell 125000 20.1 6868.132 27-Mar-12 Buy 125000 19.64 6364.562 18-Apr-12 Sell 125000 20.06 6364.562 24-Mar-12 Buy 125000 18.62 6713.212 30-Apr-12 Sell 125000 18.69 6713.212 Qatar Gas Transport Co. On March 18 we bought stocks of QGTS at a price of QAR 17.7, these stocks amounted to 7,062.15 stocks. These stocks were later sold on April 2 at a price of QAR 17.95 making capital gains of QAR 1,765.54. On April 25 we reinvested the same amount at a price of QAR 16.5 and sold later on April 30 at a price of QAR 16.57 making profit of QAR 530.30. Qatar Gas Transport Co.         Date Transaction Principal Price Stocks 18-Mar-12 Buy 125000 17.7 7062.147 02-Apr-12 Sell 125000 17.95 7062.147 25-Apr-12 Buy 125000 16.5 7575.758 30-Apr-12 Sell 125000 16.57 7575.758 FOREX Market In this market we decided to allocate 25% of the initial capital amounting to QAR 250,000. This amount was invested in four different exchange rates that include USD, EUR, GBP and JPY against QAR. Each currency pair took 6.25% of the initial capital. USD/QAR We used QAR 62,500 to purchase USD at an exchange rate of 3.59 on March 25 which we later sold at a rate of 3.6384 on March 29. And on April 4 we bought 17,179.77 USD at rate of 3.638 the USD’s were later sold at 3.6412 on April 9. On April 16 we reinvested the amount at a rate of 3.5505 and were later sold on May 8 at a rate of 3.6014. These transactions are summarized below. USD/QAR         Date Transaction Principal Price/USD Earn 25-Mar-12 Buy 62500 3.59 USD 17409.47 29-Mar-12 Sell 17409.47 3.6384 QAR 63342.62 04-Apr-12 Buy 63342.62 3.638 USD 17411.39 09-Apr-12 Sell 17411.39 3.6412 QAR 63398.35 16-Apr-12 Buy 63398.35 3.5505 USD 17856.18 08-May-12 Sell 17856.18 3.6014 QAR 64307.25 EUR/QAR On March 18 we bought EUR at a rate of 4.7912 and we later sold them for 4.8168 on March 22. We reinvested the amount at a rate of 4.6644 on March 26 and later sold the EUR on March 28 at a rate of 4.8553. On April 7 we bought EUR at a rate of 4.7588 and sold them later on April 29 at rate of 4.8217. We reinvested the amount later at 4.6273 on May 7 and sold them later on May 9 at a rate of 4.7383. EUR/QAR         Date Transaction Principal Price/EUR Earn 18-Mar-12 Buy 62500 4.7912 EUR 13044.75 22-Mar-12 Sell 13044.75 4.8168 QAR 62833.95 26-Mar-12 Buy 62833.95 4.6644 EUR 13470.96 28-Mar-12 Sell 13470.96 4.8553 QAR 65405.55 07-Apr-12 Buy 65405.55 4.7588 EUR 13744.13 29-Apr-12 Sell 13744.13 4.8217 QAR 66270.07 07-May-12 Buy 66270.07 4.6273 EUR 14321.54 09-May-12 Sell 14321.54 4.7383 QAR 67859.75 GBP/QAR On March 16 we bought GBP at a price of 5.7008 and sold them on March 22 at a rate of 5.7734. We reinvested the amount at 5.5788 on March 26 and sold GBP later on April 1 at a price of 5.8253. On April 8 we bought GBP at a rate 5.7772 which were then sold at 5.7983 on April 13. QAR amount was reinvested on April 16 at a rate of 5.6252 and sold on May 2 at 5.9036. GBP/QAR         Date Transaction Principal Price/GBP Earn 16-Mar-12 Buy 62500 5.7008 GBP 10963.37 22-Mar-12 Sell 10963.37 5.7734 QAR 63295.92 26-Mar-12 Buy 63295.92 5.5788 GBP 11345.79 01-Apr-12 Sell 11345.79 5.8253 QAR 66092.63 08-Apr-12 Buy 66092.63 5.7772 GBP 11440.25 13-Apr-12 Sell 11440.25 5.7983 QAR 66334 16-Apr-12 Buy 66334 5.6252 GBP 11792.29 02-May-12 Sell 11792.29 5.9036 QAR 69616.96 JYP/QAR On March 16 we bought JYP at a rate of 0.0435 and sold them later at exchange rate of 0.0441 on March 24. We reinvested the QAR amount by buying the JYP at a rate of 0.0427 on March 26 and sold later on April 8 at a rate of 0.0446. We reinvested the amount obtained from previous transaction at price of 0.045 on April 12 and sold later on April 14 at 0.0449. On April 21 we bought JYP at a rate of 0.0446 and sold them later on May 5 at price of 0.0454. JYP/QAR         Date Transaction Principal Price/JYP Earn 16-Mar-12 Buy 62500 0.0435 JYP 1436782 14-Mar-12 Sell 1436782 0.0441 QAR 63362.09 26-Mar-12 Buy 63362.09 0.0427 JYP 1483890 08-Apr-12 Sell 1483890 0.0446 QAR 66181.49 12-Apr-12 Buy 66181.49 0.045 JYP 1470700 14-Apr-12 Sell 1470700 0.0449 QAR 66034.43 21-Apr-12 Buy 66034.43 0.0446 JYP 1480593 05-May-12 Sell 1480593 0.0454 QAR 67218.92 Chapter III: Return Outcomes The following table shows the capital gains from the portfolio, the gains are expressed in Qatari Riyal (QAR). Capital Gains         Asset Asset Allocation Principal Capital Gains Capital Gains Ratio Gold 8.33% 83333.33 5795.24 6.95% Silver 8.33% 83333.33 5888.42 7.07% Platinum 8.33% 83333.33 1783.63 2.14% Qatar Telecom 12.5% 125000 20783.54 16.63% Industries Qatar Co. 12.5% 125000 11699.46 9.36% United Development Co. 12.5% 125000 16192.49 12.95% Qatar Gas Transport Co. (Nakilat) 12.5% 125000 2295.84 1.84% USD/QAR 6.25% 62500 1807.25 2.89% GBP/QAR 6.25% 62500 7116.96 11.39% JPY/QAR 6.25% 62500 4718.92 7.55% EUR/QAR 6.25% 62500 5359.75 8.58%           Total 100.0% 1000000 83441.50562 8.34% The Stock market had the highest returns or gains this was as a result of more volatility in this market compared with FOREX market and Bullion market. Also the higher returns may be as a result of more wealth that was allocated to this market compared with the other markets. The Qatar Gas Transport Co. stock is the only stock that produces lower returns compared with the other three stocks this means that transportation sector is not performing well because of the high prices of energy making it hard for investors to put money in the company’s stock. The Bullion market has higher returns than the FOREX market as shown by capital gains table above this is because the precious metals are more expensive and their prices fluctuate more than the currencies. In our case the FOREX market has the least capital gains this is because the market has low volatility. Towards May the prices of the assets were declining so we did not buy assets rather we sold them because we did not want to incur capital losses. This is because our main goal is to increase the capital within 2 months time. The earnings were not satisfactory enough because we expected to attain at least 10% of the initial capital. Our actual returns were 8.34% of the QAR 1,000,000. The failure to achieve our objective was as result of asset allocation. Based on all of the above transactions it is true to conclude that asset allocation is a critical component of the portfolio construction as demonstrated by weights of the assets or investments in our portfolio. If more wealth was allocated to stock market or Bullion market or assets with higher returns potential in the portfolio, the portfolio returns would have increased and portfolio risk would also have been higher, since we would have taken more risks by investing in assets with higher variability. We were able to invest in stocks that have beta of more or less than one for instance, Qatar Telecom, Industries Qatar Co., United Development Co. and Qatar Gas Transportation Co. have a beta of 0.74, 1.13, 0.85 and 0.86, respectively. This implies that QTEL, UDCD and QGTS are less risky than the market while IQCD is more risky than the market because it has a beta of more than one. These beta coefficients imply that if returns of the market portfolio like S&P 500 Index or KLCI among others move by 1% relative to the mean then the return of the QTEL, IQCD, UDCD and QGTS stocks will vary by 0.74%, 1.13%, 0.85% and 0.86%, respectively, relative to the mean. Therefore, we were able to attain our risk objective. Conclusion We invested more of our capital in stocks and less on FOREX and Bullion market and attained a return of 8.34% which is not bad considering that the investment was only for the two months but we did not attain our return objective. This means that we have learned from this exercise and the next time we undertake any investment asset allocation is a key strategy in portfolio construction. In addition stock market investment is the best investment compared with FOREX and Bullion as shown by the level of volatility of the stock prices compared with precious metals and currencies prices. References Bullion Rates. 2012. Bullion Prices. Retrieved from http://www.bullion- rates.com/gold/QAR-history.htm Byu.edu. 2012. Explain the investment process and learn how to build your portfolio. Retrieved from http://personalfinance.byu.edu/?q=node/959 Forexpros. 2012. Historical data. Retrieved from http://www.forexpros.com/currencies/gbp-usd- historical-data GulfBase. 2012. Company Profiles. Retrieved from http://www.gulfbase.com/profile- summary-united-development-co-udcd-11?pageid=39 IAM. 2012. IAM Investment Process, retrieved from http://www.iamadvisors.com/process.htm Appendices Bullion Market   Gold Platinum Silver Date Price/oz Price/oz Price/oz 15-Mar-12 6034.88 6131.87 118.58 16-Mar-12 6045.6 6087.84 118.21 19-Mar-12 6057.32 6120.86 119.89 20-Mar-12 6010.53 6023.62 117.11 21-Mar-12 6009.64 5970.34 117.06 22-Mar-12 5989.71 5900.32 114.87 23-Mar-12 6052.75 5924.4 117.3 25-Mar-12 6037.43     26-Mar-12 6152.14 6003.84 119.52 27-Mar-12 6116.76 6019.07 118.66 28-Mar-12 6056.33 5956.51 116.69 29-Mar-12 6046.11 5927.06 117.42 30-Mar-12 6075.93 5965.61 117.41 02-Apr-12 6103.25 6010.96 120.06 03-Apr-12 5990.62 5974.96 118.86 04-Apr-12 5900.68 5825.76 114.28 05-Apr-12 5931.51 5847.77 115.52 06-Apr-12 5940.71 5850.07 115.64 08-Apr-12 5934.79   115.55 09-Apr-12 5973.97 5888.63 114.97 10-Apr-12 6039.37 5823.86 115.71 11-Apr-12 6039.33 5758.24 115.33 12-Apr-12 6102.06 5845.63 117.86 13-Apr-12 6038.42 5770.98 114.77 15-Apr-12 6074.28   115.45 16-Apr-12 6015.58 5736.32 114.68 17-Apr-12 6008.32 5763.7 114.92 18-Apr-12 5975.6 5746.21 115.12 19-Apr-12 5976.06 5756.74 115.69 20-Apr-12 5980.58 5754.92 115.41 22-Apr-12     115.48 23-Apr-12 5964.23 5678.3 112.31 24-Apr-12 5977.63 5627.47 112.28 25-Apr-12 5983.97 5652.81 111.87 26-Apr-12 6033.88 5712.73 113.27 27-Apr-12 6055.19 5725.63 113.89 29-Apr-12 6049.98   114.02 30-Apr-12 6053.36 5712.57 112.74 01-May-12 6055.48 5721.75 112.72 02-May-12 6019.99 5686.77 111.59 03-May-12 5956.22 5592.88 109.61 04-May-12 5980.31 5554.65 110.62 06-May-12     111.02 07-May-12 5965.47 5565.88 109.45 08-May-12 5844.95 5499.13 107.31 09-May-12 5789.15 5459.38 106.35 Source: Bullion Rates, 2012. FOREX market End Date USD/QAR EUR/QAR GBP/QAR JPY/QAR 14/03/2012 3.6381 4.7766 5.699 0.0441 15/03/2012 3.6379 4.749 5.7079 0.0436 16/03/2012 3.638 4.7479 5.7008 0.0435 17/03/2012 3.6381 4.7689 5.7322 0.0436 18/03/2012 3.6386 4.7922 5.7632 0.0436 19/03/2012 3.6378 4.7912 5.7614 0.0436 20/03/2012 3.638 4.7964 5.7688 0.0436 21/03/2012 3.6384 4.8113 5.7734 0.0436 22/03/2012 3.6381 4.8168 5.772 0.0435 23/03/2012 3.6381 4.8016 5.762 0.0438 24/03/2012 3.6383 4.814 5.7637 0.0441 25/03/2012 3.59 4.762 5.6953 0.0436 26/03/2012 3.5164 4.6644 5.5788 0.0427 27/03/2012 3.593 4.7726 5.7094 0.0434 28/03/2012 3.6382 4.8553 5.8083 0.0439 29/03/2012 3.6384 4.8482 5.7918 0.0439 30/03/2012 3.638 4.8389 5.7857 0.0441 31/03/2012 3.6381 4.8525 5.8164 0.0442 01/04/2012 3.6387 4.8531 5.8253 0.0439 02/04/2012 3.6384 4.8534 5.825 0.0439 03/04/2012 3.6383 4.8524 5.8272 0.044 04/04/2012 3.638 4.8462 5.8205 0.0443 05/04/2012 3.638 4.7928 5.779 0.044 06/04/2012 3.6383 4.768 5.7716 0.0442 07/04/2012 3.6397 4.7588 5.7713 0.0444 08/04/2012 3.641 4.7661 5.7772 0.0446 09/04/2012 3.6412 4.7665 5.778 0.0446 10/04/2012 3.6401 4.761 5.7783 0.0447 11/04/2012 3.6393 4.7672 5.7778 0.0448 12/04/2012 3.6381 4.7678 5.7815 0.045 13/04/2012 3.6382 4.7824 5.7983 0.0449 14/04/2012 3.6382 4.7812 5.7912 0.0449 15/04/2012 3.6204 4.7331 5.7358 0.0447 16/04/2012 3.5505 4.6413 5.6252 0.0439 17/04/2012 3.6053 4.7055 5.7139 0.0447 18/04/2012 3.6382 4.7761 5.7909 0.0451 19/04/2012 3.6383 4.7698 5.8087 0.0448 20/04/2012 3.6383 4.7739 5.8353 0.0447 21/04/2012 3.6382 4.7923 5.8527 0.0446 22/04/2012 3.6392 4.8081 5.8657 0.0446 23/04/2012 3.6383 4.8035 5.8647 0.0446 24/04/2012 3.641 4.792 5.8654 0.0448 25/04/2012 3.6381 4.7916 5.8693 0.0448 26/04/2012 3.6379 4.8035 5.8697 0.0447 27/04/2012 3.6383 4.8124 5.8869 0.0449 28/04/2012 3.6375 4.8079 5.8965 0.0451 29/04/2012 3.6391 4.8217 5.9169 0.0453 30/04/2012 3.6381 4.8191 5.9152 0.0453 01/05/2012 3.6378 4.8148 5.9153 0.0454 02/05/2012 3.6393 4.8198 5.9036 0.0455 03/05/2012 3.6391 4.7985 5.8977 0.0454 04/05/2012 3.6384 4.7831 5.8882 0.0453 05/05/2012 3.6384 4.7776 5.8845 0.0454 06/05/2012 3.583 4.6861 5.7846 0.0448 07/05/2012 3.5399 4.6273 5.7148 0.0443 08/05/2012 3.6014 4.6879 5.8169 0.0451 09/05/2012 3.6379 4.7383 5.879 0.0455 10/05/2012 3.638 4.7177 5.8682 0.0456 Forexpros, 2012. EUR/QAR Chart USD/QAR Chart JPY/QAR Chart GBP/QAR Chart Industries Qatar Co. and Qatar Gas Transport Co.   Industries Qatar Co. Qatar Gas Transport Co. (Nakilat) Date Open High Low Close Open High Low Close 14/03/2012 143.5 144.5 143.5 144 17.6 17.67 17.54 17.63 15/03/2012 144 144.2 142 142 17.65 17.85 17.65 17.76 18/03/2012 143 143 141 142.2 17.7 17.8 17.66 17.71 19/03/2012 142.2 142.2 142.2 142.2 17.73 17.8 17.7 17.76 20/03/2012 135.2 136.9 134.6 135 17.76 17.97 17.69 17.85 21/03/2012 135 136 134.7 134.9 17.5 17.52 17.35 17.36 22/03/2012 135 136 135 135.7 17.4 17.45 17.33 17.43 25/03/2012 136 139 136 138.1 17.4 17.58 17.4 17.53 26/03/2012 138.5 139.5 138.1 139.5 17.49 17.58 17.49 17.55 27/03/2012 139.6 141.2 139.5 140.3 17.55 17.59 17.44 17.5 28/03/2012 140 141 139.9 140.5 17.47 17.56 17.45 17.55 29/03/2012 140.5 140.9 140.5 140.5 17.55 17.57 17.47 17.52 01/04/2012 140.5 142.4 140 141.9 17.5 17.71 17.5 17.71 02/04/2012 142 142.8 141.5 141.6 17.7 17.95 17.7 17.9 03/04/2012 142 142.5 141.8 142 17.95 17.97 17.79 17.81 04/04/2012 142 142.4 141.2 142 17.84 17.88 17.72 17.81 05/04/2012 142 142.8 142 142.4 17.79 17.9 17.75 17.84 08/04/2012 142 142 141.6 141.7 17.81 17.84 17.73 17.76 09/04/2012 141.7 141.7 140.5 140.5 17.75 17.75 17.57 17.6 10/04/2012 140.5 141.2 140 140.6 17.55 17.75 17.55 17.72 11/04/2012 140.6 140.6 139.6 140 17.67 17.78 17.67 17.72 12/04/2012 140.1 141.6 139.9 141.6 17.72 17.79 17.68 17.75 15/04/2012 141.5 141.5 138.6 138.6 17.8 17.95 17.8 17.84 16/04/2012 138.7 139.7 138.7 139.2 17.9 17.9 17.75 17.85 17/04/2012 139 140.2 139 139.8 17.77 17.87 17.66 17.69 18/04/2012 140 141.4 139.7 141 17.69 17.69 17.69 17.69 19/04/2012 141 141.2 139.6 139.8 16.81 17.08 16.8 16.89 22/04/2012 141 143.1 140.6 143 16.75 16.81 16.59 16.64 23/04/2012 143.1 149 143.1 145 16.62 16.69 16.55 16.55 24/04/2012 145 145.7 143.6 144.8 16.52 16.52 16.4 16.47 25/04/2012 144.9 146.5 144.8 144.8 16.5 16.68 16.5 16.53 26/04/2012 145.8 146.1 145 145.4 16.6 16.6 16.4 16.57 29/04/2012 145 146.2 144.8 146.2 16.6 16.6 16.46 16.5 30/04/2012 146 146 144.5 146 16.55 16.57 16.45 16.55 01/05/2012 146 146.2 145.6 145.8 16.55 16.55 16.42 16.45 02/05/2012 146 146.5 145.8 145.8 16.46 16.52 16.43 16.46 03/05/2012 145.5 146.3 145.3 146.2 16.46 16.48 16.39 16.4 06/05/2012 144.1 146.7 144.1 146.1 16.4 16.4 16.2 16.34 07/05/2012 146 146 144.2 144.6 16.4 16.4 16.28 16.3 08/05/2012 144.4 145 143.6 144.1 16.3 16.35 16.2 16.3 09/05/2012 144 144.2 141 141.5 16.3 16.32 16.2 16.2 10/05/2012 141.1 142.9 141 142.3 16.2 16.23 16.18 16.21 Source: GulfBase, 2012. QGTS Chart IQCD Chart Qatar Telecom and United Development Co.   Qatar Telecom United Development Co. Date Open High Low Close Open High Low Close 14/03/2012 127.6872 127.6872 126.5334 126.5334 18 18.1 17.85 18.02 15/03/2012 127.6872 128.4564 126.1488 126.1488 18.11 18.55 17.95 18.49 18/03/2012 126.9949 129.6102 126.9949 129.6102 18.5 18.75 18.2 18.41 19/03/2012 130.764 130.764 128.3795 128.3795 18.49 19.4 18.49 19.35 20/03/2012 128.9179 128.9179 127.6103 128.3795 19.5 20.1 19 19.13 21/03/2012 128.4564 129.1487 128.3026 128.6872 19.03 19.65 18.91 19.41 22/03/2012 129.2256 130.6102 128.3026 128.4564 19.52 19.65 19.4 19.45 25/03/2012 128.4564 128.4564 128.4564 128.4564 19.4 19.65 19.31 19.45 26/03/2012 128.4564 128.4564 128.4564 128.4564 19.49 19.75 19.33 19.57 27/03/2012 130.5 134 128.9 133.2 19.64 19.7 19.42 19.48 28/03/2012 134.6 135.4 134.6 134.8 19.49 19.59 19.37 19.4 29/03/2012 134.8 135.6 134.6 135 19.4 19.49 19.27 19.46 01/04/2012 135 135.5 134.9 134.9 19.3 19.53 19.3 19.53 02/04/2012 135 135 132.4 132.5 19.53 19.55 19.36 19.41 03/04/2012 132.6 132.7 131.6 132 19.42 19.54 19.4 19.45 04/04/2012 131.2 132.2 131 131.3 19.41 19.48 19.35 19.45 05/04/2012 132.9 132.9 126 130 19.46 19.46 19.2 19.4 08/04/2012 131 131 128.5 128.5 19.25 19.32 19.11 19.25 09/04/2012 128.5 130.9 128.5 129 19.25 19.45 19.01 19.25 10/04/2012 130 130 128.6 129 19.2 19.41 19.2 19.25 11/04/2012 128 128.6 128 128 19.38 19.49 19.18 19.4 12/04/2012 128.1 128.3 127.1 127.7 19.4 19.74 19.4 19.63 15/04/2012 127.1 128 125.6 127.8 19.8 19.95 19.63 19.82 16/04/2012 127.9 127.9 127 127.7 19.9 19.9 19.56 19.68 17/04/2012 128 129 127 128.2 19.75 19.9 19.55 19.9 18/04/2012 128.2 130 128 130 19.9 20.06 19.76 19.8 19/04/2012 129.8 130.4 128.7 128.7 19.76 19.87 19.63 19.7 22/04/2012 129 129.9 129 129.9 19.66 19.66 19 19.1 23/04/2012 130 130 129 129.4 19.1 19.23 18.91 19.1 24/04/2012 128.5 129 128.5 128.9 19 19.05 18.62 18.8 25/04/2012 128.5 129 128.5 129 18.66 18.99 18.66 18.85 26/04/2012 130 136 129 134.8 18.72 18.89 18.65 18.7 29/04/2012 136 139 134.5 138 18.7 18.7 18.45 18.46 30/04/2012 139.3 140.6 138.5 140.1 18.4 18.69 18.4 18.54 01/05/2012 140.8 140.9 139 140.4 18.61 18.65 18.37 18.38 02/05/2012 140.8 140.8 139 140.2 18.4 18.55 18.3 18.5 03/05/2012 140.2 140.3 138.6 139 18.41 18.48 18.32 18.4 06/05/2012 139 139 137.5 138.1 18.4 18.45 18.3 18.3 07/05/2012 137.8 138 136.9 137.4 18.31 18.31 18 18.15 08/05/2012 139 139.3 137 137.2 18.05 18.2 18.05 18.18 09/05/2012 138.9 138.9 136.6 137 18.1 18.15 17.98 18.03 10/05/2012 123.3 123.3 123.3 123.3 18 18.12 18 18.02 Source: GulfBase, 2012. QTEL chart UDCD Chart Read More