The QE index rose 1.0% to close at 11,305.9 led by gains in the transportation and banking indices. Masraf Al Rayan and Qatar Cinema & Film Dist. Co. were the top gainers while Mannai Corp. and Qatar German Co. for Med. Dev. declined the most. Trading volume rose 8.7% compared to the previous session and was 24.5% higher than the 30-day average. In company news, QIGD reported a net profit of QR220.6mn for 2013 and Kahramaa announced a decline in power and water consumption in 2013 under its conservation program.
1. QE Intra-Day Movement
Market Indicators
11,350
11,300
11,250
Market Indices
11,200
11,150
9:30
09 Feb 14
480.9
591,349.3
13.1
4,609
41
27:11
Value Traded (QR mn)
Exch. Market Cap. (QR mn)
Volume (mn)
Number of Transactions
Companies Traded
Market Breadth
10:00
10:30
11:00
11:30
12:00
12:30
13:00
Qatar Commentary
The QE index rose 1.0% to close at 11,305.9. Gains were led by the
Transportation and Banking & Financial Services indices, gaining 1.4% and
1.2% respectively. Top gainers were Masraf Al Rayan and Qatar Cinema &
Film Dist. Co., rising 4.3% and 3.6% respectively. Among the top losers,
Mannai Corp. fell 2.4%, while Qatar German Co. for Med. Dev. declined 1.1%.
06 Feb 14
595.4
586,934.5
12.0
5,410
39
21:14
%Chg.
(19.2)
0.8
8.7
(14.8)
5.1
–
Close
Total Return
All Share Index
Banks
Industrials
Transportation
Real Estate
Insurance
Telecoms
Consumer
Al Rayan Islamic Index
1D%
WTD%
YTD%
TTM P/E
16,241.41
2,803.86
2,719.56
3,697.05
1,966.55
1,987.83
2,713.11
1,580.07
6,200.32
3,253.72
1.0
0.9
1.2
0.6
1.4
(0.4)
0.8
0.7
1.2
1.0
1.0
0.9
1.2
0.6
1.4
(0.4)
0.8
0.7
1.2
1.0
9.5
8.4
11.3
5.6
5.8
1.8
16.1
8.7
4.2
7.2
N/A
14.0
13.8
13.6
13.3
13.6
10.8
21.3
23.9
16.6
GCC Commentary
GCC Top Gainers##
Exchange
Close#
Saudi Arabia: The TASI index rose 0.5% to close at 8,865.8. Gains were led
by the Transport and Industrial Investment indices, rising 2.8% and 2.0%
respectively. Al-Ahlia Insurance Co. rose 9.7%, while SAPTCO was up 5.3%.
Salhia Real Estate Co.
1D%
Kuwait
0.40
6.8
15.0
(1.3)
Bahrain Telecomm. Co.
Bahrain
0.33
6.5
105.3
10.0
Dubai: The DFM index gained 1.1% to close at 3,974.6. The Investment &
Financial Services index rose 4.8%, while the Services index was up 4.6%.
Gulf Navigation surged 14.8%, while Dubai Development gained 13.8%.
First Gulf Bank
Abu Dhabi
22.10
6.3
3,792.8
17.6
ALAFCO
Kuwait
0.27
5.9
2,878.9
(5.3)
Abu Dhabi: The ADX benchmark index rose 2.2% to close at 4,826.4. The
Industrial index gained 3.3%, while the Real Estate index was up 3.2%. Abu
Dhabi Nat. Takaful Co. surged 15.0%, while Union Cement Co. gained 14.5%.
Saudi Public Transport
32.00
5.3
3,321.3
18.1
GCC Top Losers
Exchange
Kuwait: The KSE index gained 0.4% to close at 7,863.0. The Technology
index rose 2.0%, while the Consumer Services index was up 1.7%. Kuwait
Resorts Co. gained 7.2%, while National International Holding was up 7.1%.
Nat. Marine Dredging
Abu Dhabi
8.60
(9.5)
13.8
0.0
Ithmaar Bank
Bahrain
0.23
(4.2)
1,199.4
0.0
Oman: The MSM index rose 0.7% to close at 7,153.3. Gains were led by the
Financial and Industrial indices, gaining 0.8% and 0.4% respectively. Sweets
of Oman rose 9.8%, while The Financial Corporation was up 8.4%.
Aluminium Bahrain
Bahrain
0.47
(3.3)
41.8
(10.5)
Nat. Mobile Telecomm.
Kuwait
1.80
(3.2)
0.8
2.3
Bank Al-Jazira
Saudi Arabia
38.00
(2.6)
2,453.1
1.1
Bahrain: The BHB index gained 0.5% to close at 1,311.0. The Services index
rose 3.4%, while the Investment index was up 0.6%. Bahrain Telecomm. Co.
gained 6.5%, while Khaleeji Commercial Bank was up 5.0%.
Masraf Al Rayan
Close*
1D%
Vol. ‘000
YTD%
37.90
Qatar Exchange Top Gainers
4.3
2,790.7
21.1
##
Saudi Arabia
#
Close
Vol. ‘000
1D% Vol. ‘000
YTD%
YTD%
Source: Bloomberg (# in Local Currency) (## GCC Top gainers/losers derived from the Bloomberg GCC
200 Index comprising of the top 200 regional equities based on market capitalization and liquidity)
Qatar Exchange Top Losers
Close*
1D%
Vol. ‘000
YTD%
Mannai Corp.
102.50
(2.4)
1.5
14.0
14.05
(1.1)
10.8
1.4
Qatar Cinema & Film Dist. Co.
42.00
3.6
1.3
4.7
Qatar German Co. for Med. Dev.
Qatar Navigation
91.20
2.5
108.7
9.9
Al Ahli Bank
64.90
(0.9)
2.3
18.0
Medicare Group
55.40
2.4
689.0
5.5
Barwa Real Estate Co.
30.40
(0.8)
549.8
2.0
Qatar General Ins. & Rein. Co.
46.00
2.2
2.0
(4.0)
Al Khaleej Takaful Group
38.25
(0.6)
3.2
4.8
Close*
1D%
Vol. ‘000
YTD%
Close*
1D%
Val. ‘000
YTD%
Vodafone Qatar
11.74
1.8
3,314.2
9.6
Masraf Al Rayan
37.90
4.3
104,296.9
21.1
Masraf Al Rayan
37.90
4.3
2,790.7
21.1
Vodafone Qatar
11.74
1.8
38,975.1
9.6
Salam International Investment Co.
14.19
0.1
1,257.5
9.1
Medicare Group
55.40
2.4
37,894.2
5.5
Mazaya Qatar Real Estate Dev.
12.67
1.4
918.9
13.3
Qatar Insurance Co.
82.00
0.7
35,359.7
23.3
Medicare Group
55.40
2.4
689.0
5.5
174.00
0.6
34,860.4
3.0
Qatar Exchange Top Vol. Trades
Qatar*
Dubai
Abu Dhabi
Saudi Arabia
Kuwait
Oman
Bahrain
Industries Qatar
Source: Bloomberg (* in QR)
Source: Bloomberg (* in QR)
Regional Indices
Qatar Exchange Top Val. Trades
Close
1D%
WTD%
MTD%
YTD%
11,305.87
3,974.61
4,826.39
8,865.80
7,863.00
7,153.26
1,311.04
1.0
1.1
2.2
0.5
0.4
0.7
0.5
1.0
1.1
2.2
0.5
0.4
0.7
0.5
1.3
5.4
3.3
1.2
1.4
0.9
1.3
8.9
17.9
12.5
3.9
4.2
4.7
5.0
Exch. Val. Traded
($ mn)
159.32
687.20
391.78
1,796.58
113.51
42.05
0.97
Exchange Mkt.
Cap. ($ mn)
162,384.5
78,997.3
133,124.6
485,025.9
112,023.1
25,543.0
50,766.1
P/E**
P/B**
14.2
17.1
13.2
17.8
16.9
11.1
8.4
1.9
1.5
1.7
2.2
1.2
1.6
0.9
Dividend
Yield
4.1
2.2
3.7
3.3
3.6
3.6
3.7
Source: Bloomberg, Qatar Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
Page 1 of 5
2. Qatar Market Commentary
The QE index rose 1.0% to close at 11,305.9. The
Transportation and Banking & Financial Services indices led the
gains.
Masraf Al Rayan and Qatar Cinema & Film Dist. Co. were the
top gainers, rising 4.3% and 3.6% respectively. Among the top
losers, Mannai Corp. fell 2.4%, while Qatar German Co. for Med.
Dev. declined 1.1%.
Overall Activity
Buy %*
Sell %*
Net (QR)
Qatari
65.59%
73.23%
(36,743,671.69)
Non-Qatari
34.41%
26.77%
36,743,671.69
Source: Qatar Exchange (* as a % of traded value)
Volume of shares traded on Sunday rose by 8.7% to 13.1mn
from 12.0mn on Thursday. Further, as compared to the 30-day
moving average of 10.5mn, volume for the day was 24.5%
higher. Vodafone Qatar and Masraf Al Rayan were the most
active stocks, contributing 25.4% and 21.4% to the total volume
respectively.
Earnings
Earnings Releases
Company
National Biscuit Industries
(NABIL)
Dhofar International
Development & Investment
Holding (DIDIHC)
Muscat Finance
Revenue
(mn) FY2013
% Change
YoY
Operating Profit
(mn) FY2013
% Change
YoY
Net Profit (mn)
FY2013
% Change
YoY
OMR
11,304.8
-2.2%
–
–
574.5
10.4%
Oman
OMR
24.6
60.0%
–
–
19.0
71.8%
Oman
OMR
10.8
8.8%
–
–
3.9
1.2%
Market
Currency
Oman
Source: Company data, DFM, ADX, MSM
News
Qatar
QIGD post net profit of QR220.6mn for 2013 – Qatari
Investors Group (QIGD) posted a net profit of QR220.6mn in
2013 versus QR152.2mnn in 2012. Earnings per Share (EPS)
amounted to QR1.77 in 2013 compared to QR1.22 in 2012. The
Board has recommended distribution of cash dividends of
QR0.75 per share (same as last year). This recommendation will
be raised to the Ordinary-General Assembly meeting which will
take place at Al Mirqab Hall, Four Seasons Hotel on
Wednesday, 26th February, 2014 at 4.00 pm. In case a quorum
is not met, the Extra-General Assembly meeting will be held on
Wednesday, 5th March 2014 at 4:00pm on the same venue.
(QE)
Woqod International launches global expansion plan –
Woqod’s Chairman HE Abdullah bin Hamad al-Attiyah said
Woqod International is planning a foray into other promising
markets, including Europe, as part of its expansion strategy for
which it has an open budget. Al-Attiyah said when there are
good acquisitions, Woqod will go ahead with it. Al-Attiyah further
added that the Qatari company, which has just started its
operations in the neighboring Saudi Arabia, is carefully
evaluating the potential for acquisitions and new projects. (GulfTimes.com)
Kahramaa achieves major drop in power, water
consumption in 2013 – Kahramaa announced that “Tarsheed”
– the National Program for Conservation & Energy Efficiency –
has achieved a significant progress in conserving electricity and
water in 2013. Electricity per capita consumption declined by
10% and water per capita consumption came down by 6%
compared with 2012 statistics. Kahramaa’s Conservation &
Energy Efficiency Manager, Engineer Ali Mohamed al-Ali said
this is a remarkable step in the Conservation & Energy
Efficiency Department’s endeavor to achieve Tarsheed’s
objectives of reducing electricity and water per capita
consumption by 35% and 20%, respectively, by 2016. (GulfTimes.com)
QGTS’ BoD to meet on February 24 – Qatar Gas Transport
Company’s (QGTS) board of directors will meet on February 24,
2014 to discuss the company’s financial results for the period
ending on December 31, 2013. (QE)
UDCD’s BoD to meet on February 25 – United Development
Company’s (UDCD) board will meet on February 25, 2014 to
discuss the company’s financial results for the period ending on
December 31, 2013. (QE)
MRDS’ BoD to meet on February 26 – Mazaya Qatar Real
Estate Development Company (MRDS) announced that its
board will meet on February 26, 2014 to discuss the company’s
financial results for the period ending on December 31, 2013.
(QE)
NLCS announces resale of Lusail land plots – NLCS
announces resale of Lusail land plots – National Leasing
Holding (NLCS) declared opening the resale for Lusail land plots
given increasing demand of landlords. The deliberations
between Alijarah & Qatari Diar, the main developer of the
project, resulted in allowing the landlords to trade in the land
plots. NLCS’ executive management has developed procedures
and guidelines mandated to support the project. (QE)
International
Japan logs record current account deficit in December –
According to the data released by the Japanese Ministry of
Finance, the country's current account logged a record deficit for
December, as a weak yen inflated the cost of energy imports.
The deficit stood at 638.6bn yen, as against a median forecast
for 707.7bn yen. (ET)
HSBC: Emerging markets output growth slows to 4-month
low – Business activity across emerging markets expanded in
January at the slowest pace in four months, dragged down by
Page 2 of 5
3. sluggish services sectors among BRIC countries. HSBC's
Composite Emerging Markets Index of manufacturing and
services purchasing managers' surveys slipped for the second
month running to 51.4 in January. It stayed under the 2013
average of 51.7 and well below the score of 64.1 posted last
January. (ET)
IATA: Weak cargo markets remain biggest worry for airlines
– The International Air Transport Association’s (IATA) Director
General Tony Tyler said weakness in air cargo markets remains
the biggest worry for airlines, despite some evidence of recovery
in 2013. Tyler added that the latest numbers in cargo show that
although globally cargo improved a bit, it did not really improve
in the Asian region, which is usually been very strong. According
to IATA, air freight traffic grew 1.8% globally in December led by
gains in the Middle East, compared with December 2013, but it
fell 1.1% in Asia. (ET)
Regional
UAE-Oman trade records quantum leap – The bilateral trade
between the UAE and Oman has seen a quantum leap,
reflecting strengthening of economic and commercial relations,
which is driven by their leaderships’ vision to enhance mutual
trade among Gulf countries. Official statistics show that Dubai’s
non-oil foreign trade with Oman reached about AED14.4bn in
9M2013, while it jumped from AED7.5bn in 2011 to AED18.7bn
in 2012. (GulfBase.com)
RP Group plans to invest QR4bn in Gulf projects – Indiabased RP Group of Companies, which has operations in GCC
countries, is considering investments worth QR4bn in the
region’s economies. According to a statement issued by the
Group Chairman Ravi Pillai, the company’s new investments
would generate about 25,000 new jobs in the GCC region,
including in Qatar. To build on its existing operations in Saudi
Arabia, Qatar and Bahrain, the group plans to set up new offices
in Kuwait and Oman. (Gulf-Times.com)
FDI in Kingdom ranks first in Mideast in 5 years – Saudi
Arabia has topped among the Middle Eastern countries by
attracting foreign direct investment (FDI) worth $141bn over the
past five years. Saudi Commerce & Industry Minister Tawfiq AlRabiah said that both FDI and the government’s spending of
$718bn were instrumental in spurring the nation's economic
growth. Al-Rabiah highlighted that rising oil revenues has been
successfully used to support growth among non-oil sectors. The
Kingdom has been strengthening its private sector to satisfy
growing demand for jobs from young citizens and reduce its
dependence on oil exports. Recent data from the Saudi Arabian
Monetary Agency revealed that its net foreign assets climbed to
a record high of $716.7bn in December 2013, up 10.7% from the
previous year. (GulfBase.com)
Saudi Aramco asks firms to bid again for the Jizan power
plant – According to sources, Saudi Aramco has asked
interested companies to submit lower offers to build parts of a
complex for supplying energy to an oil refinery at Jizan. In
October 2013, around 14 companies bid for four packages to
build elements of a 2,400MW integrated gasification combined
cycle plant at the refinery. The bids were higher than the staterun oil giant had hoped for, so it is now inviting lower-cost bids
for three of the four packages. (Gulf-Times.com)
Saudia, Boeing sign collaborative deal – Boeing and the
Saudi Arabian Airlines Company (Saudia) have signed a broad
collaboration agreement, which will allow them to pursue
partnership opportunities in the areas of defense and
commercial aviation in Saudi Arabia. Boeing and Saudia will
explore areas of cooperation in pilot and aircraft maintenance
training,
rotorcraft
support,
leadership
training
and
manufacturing focused on the expansion of local presence, as
well as aerospace skill development in the country.
(GulfBase.com)
SCC declares SR535.5mn dividend for 2H2013 – The Saudi
Cement Company’s (SCC) board of directors has recommended
distributing dividends worth SR535.5mn to its shareholders for
2H2013. Dividend per share will be SR3.5, representing 35% of
the face value. SCC’s shareholders registered with the
Securities Depository Center on the day of the AGM are eligible
for this dividend. SCC’s AGM is expected to be held during
March 2014. (Tadawul)
Nakheel awards 3 contracts worth AED41mn – Dubai-based
developer Nakheel has awarded three new contracts, together
worth AED41mn, for its Al Furjan and Warsan Village master
communities. Two of the contracts handed to consultants Arif &
Bintoak and Dar Al Handasah cover infrastructure design and
supervision for third-party villas and mixed-use plots at a new
phase of Al Furjan, and are worth AED13.6mn and AED2.9mn
respectively. Al Furjan’s new phase covers around 1.2mn
square meters, and includes over 500 third-party villa plots and
30 mixed-use plots already sold by Nakheel. (GulfBase.com)
DFM accredits 3 new brokerage firms for DMA – The Dubai
Financial Market (DFM) announced that NBAD Securities,
Argaam Securities and Emirates NBD Securities have been
accredited to provide direct market access (DMA) for global
brokers, lifting the number of DMA service providers to 9 firms.
The exchange is currently processing similar applications from
other brokerage firms in collaboration with the Securities &
Commodities Authority. DMA permits brokerage companies to
mandate a global broker to use its DMA access point to place
orders as electronic trading via the internet, allowing global
brokers to directly trade on the market. (DFM)
Arabtec to set up 5 new subsidiaries – Dubai-based builder
Arabtec Holding would set up five new subsidiaries as it
expands into new markets and infrastructure projects. Two of
the units will focus on infrastructure projects inside and outside
the UAE, one will focus on water & energy projects, and another
one will concentrate on the Egyptian market. Arabtec will also
set up an investment firm, Arabtec Capital, to provide financial
services both to Arabtec’s units as well as other companies.
(GulfBase.com)
DEWA awards IPP advisory contract for Hassyan Coal Plant
– The Dubai Electricity & Water Authority (DEWA) has awarded
the contract for Independent Power Producer (IPP) advisory
services of the first phase of the Hassyan Clean Coal Power
Plant to an international consultancy firm. DEWA had received
eight bids for IPP advisory services for the project, which is
being developed to complement the Dubai Integrated Energy
Strategy 2030. The Dubai Integrated Energy 2030 aims to
diversify energy sources such as natural gas (71%), nuclear
energy (12%), clean coal (12%), and solar power (5%), in
addition to reducing energy demand by 30% by 2030. The first
phase of the Hassyan project will have a capacity of 1,200MW
using clean coal as feedstock, which is expected to be
operational by 2020. (GulfBase.com)
Andalusia Collection’s Phase 1 delivered in 18 days –
National Properties, a subsidiary of the National Bonds
Corporation, announced that the entire first phase of its
Andalusia Collection has been sold and delivered in just 18
days. The collection – a part of “The Villa” project in Dubai –
consists of 69 premium villas to be released in three phases,
with the first phase of 31 villas already sold out and keys handed
Page 3 of 5
4. over to customers. The Phase 2, consisting of 16 villas, went on
sale February 1. (GulfBase.com)
Kuwait’s inflation edges up to 2.7% in December – The
Consumer Price Index (CPI) in Kuwait rose slightly to 2.7% YoY
in December 2013, from 2.6% in November. Inflation was
expected to fall sharply in December as a result of a base effect.
While inflation should remain at moderate levels through 2014,
December’s higher than expected figure is likely to justify an
upward revision to the annual average forecast of 3.0% over
coming months. On average, inflation stood at 2.7% in 2013, the
lowest in nine years. The surprising December figure was driven
by the housing services component – mostly rents. It rose by a
larger than expected 2.0% MoM. Although the YoY rate fell to
3.6% from 4.7% in November, this decline was smaller than
anticipated. Meanwhile, food prices rose for the first time in
seven months, to 2.8% YoY from 2.4% in November, which is
still much lower than its recent peak of 6.3% reached last May.
(GulfBase.com)
Higher spending narrows Kuwait nine-month budget
surplus by 11% – According to the provisional figures released
by the Kuwaiti Finance Ministry, Kuwait’s budget surplus
narrowed down by 11% in the first nine months of its fiscal year
as spending rose and oil revenues dipped slightly. The trend in
spending and revenue numbers are in line with a warning from
the IMF that Kuwait’s expenditure could exceed oil revenues as
early as 2017-18, if the government does not control its
spending growth. The budget surplus for April to December
2013 stood at KD14.34bn as compared to KD16.10bn for the
same period a year earlier. (Gulf-Times.com)
UPC recommends final dividends for 2013 – The United
Power Company’s (UPC) board of directors has recommended
the distribution of final dividends for the year ended December
31, 2013. The ordinary shareholders will get 20% dividends (200
baisa per share), while the preference shareholders will get
21.57% dividends (215.7 baisa per share). The shareholders
who are registered with the Muscat Clearing & Depository
Company on the AGM date will be eligible for these dividends.
(MSM)
MF’s BoD recommends 16% dividend – Muscat Finance’s
(MF) board of directors has recommended distributing 16%
dividend for 2013. The dividend consists of 8% stock dividend
and 8% cash dividend. (MSM)
Bapco exports 85.5mn barrels in 2013 – The Bahrain
Petroleum Company (BAPCO) announced that its total
petroleum exports amounted to 85.5mn barrels in 2013 as
compared to 83.6mn barrels in 2012, with an increase of 1%.
Bapco’s Director General of Marketing, Engineer Khalid Ibrahim
Bu Hazza’a highlighted that that the company has achieved
favorable results in marketing its products in 2013. Khalid
Ibrahim added that 57% of intermediate products and 19% of
the fuel oil were exported mainly to the Middle East markets, in
addition to 19% of naphtha to Asian companies that produce
petrochemical materials. He further stated that crude oil exports
from the Abu Safa oilfield reached 52.1mn barrels in 2013 as
compared to 48.2mn barrels in 2012. (GulfBase.com)
Page 4 of 5
5. Rebased Performance
Daily Index Performance
170.0
160.0
150.0
140.0
130.0
120.0
110.0
100.0
90.0
80.0
2.2%
2.0%
141.4
1.5%
1.1%
1.0%
128.7
1.0%
1D%
WTD%
YTD%
15,794.08
0.0
0.0
(4.7)
S&P 500
1,797.02
0.0
0.0
(2.8)
(1.1)
NASDAQ 100
4,125.86
0.0
0.0
(1.2)
0.0
35.3
STOXX 600
325.09
0.0
0.0
(1.0)
0.0
0.0
30.2
DAX
9,301.92
0.0
0.0
(2.6)
149.25
0.0
0.0
9.3
FTSE 100
6,571.68
0.0
0.0
(2.6)
May-13
S&P Pan Arab
Dec-13
S&P GCC
Gold/Ounce
Silver/Ounce
Crude Oil (Brent)/Barrel (FM
Future)
Natural Gas (Henry
Hub)/MMBtu
North American Spot LPG
Propane Price
North American Spot LPG
Normal Butane Price
Euro
Source: Bloomberg
Close ($)
1D%
WTD%
YTD%
Global Indices Performance
1,267.27
0.0
0.0
5.1
DJ Industrial
20.03
0.0
0.0
2.9
109.57
0.0
0.0
5.88
0.0
164.38
1.36
0.0
0.0
(0.8)
CAC 40
102.30
0.0
0.0
(2.9)
Nikkei
GBP
1.64
0.0
0.0
(0.9)
MSCI EM
CHF
1.11
0.0
0.0
(0.6)
SHANGHAI SE Composite
AUD
0.90
0.0
0.0
0.5
USD Index
80.69
0.0
0.0
RUB
34.76
0.0
0.0
BRL
0.42
0.0
0.0
(0.7)
Yen
Dubai
Close
Oct-12
Source: Bloomberg
Asset/Currency Performance
0.7%
Abu Dhabi
QE Index
Mar-12
Qatar
Aug-11
0.5%
Oman
0.0%
Jan-11
Kuwait
0.4%
Bahrain
0.5%
0.5%
Saudi Arabia
Jun-10
2.5%
162.5
4,228.18
0.0
0.0
(1.6)
14,462.41
0.0
0.0
(11.2)
937.30
0.0
0.0
(6.5)
2,044.50
0.0
0.0
(3.4)
HANG SENG
21,636.85
0.0
0.0
(7.2)
0.8
BSE SENSEX
20,376.56
0.0
0.0
(3.8)
5.7
Bovespa
48,073.60
0.0
0.0
(6.7)
1,341.49
0.0
0.0
(7.0)
Source: Bloomberg
RTS
Source: Bloomberg
Contacts
Saugata Sarkar
Ahmed M. Shehada
Keith Whitney
Sahbi Kasraoui
Head of Research
Head of Trading
Head of Sales
Manager - HNWI
Tel: (+974) 4476 6534
Tel: (+974) 4476 6535
Tel: (+974) 4476 6533
Tel: (+974) 4476 6544
saugata.sarkar@qnbfs.com.qa
ahmed.shehada@qnbfs.com.qa
keith.whitney@qnbfs.com.qa
sahbi.alkasraoui@qnbfs.com.qa
QNB Financial Services SPC
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
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