1. QE Intra-Day Movement (NOVEMBER 18, 2013)
Market Indicators
10,380
10,360
10,340
10,320
10,300
17 Nov 13
%Chg.
641.0
556,445.3
19.7
7,986
41
29:9
500.4
553,518.7
14.3
7,418
40
29:10
28.1
0.5
37.9
7.7
2.5
–
Market Indices
10,280
10,260
9:30
18 Nov 13
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 Qatar Exchange cancelled all transactions executed during yesterday (on
November 19, 2013) because of a technical incident on its trading platform.
Close
Total Return
All Share Index
Banks
Industrials
Transportation
Real Estate
Insurance
Telecoms
Consumer
Al Rayan Islamic Index
1D%
WTD%
YTD%
TTM P/E
14,801.23
2,582.39
2,460.28
3,407.08
1,913.04
1,961.79
2,334.71
1,451.51
5,974.39
2,985.84
0.7
0.7
0.2
0.8
1.8
3.2
0.1
(0.1)
1.1
1.4
1.4
1.3
1.0
1.5
2.8
3.9
(1.0)
0.5
1.1
2.2
30.8
28.2
26.2
29.7
42.7
21.7
18.9
36.3
27.9
20.0
N/A
13.1
13.2
12.4
13.0
13.4
9.6
19.7
22.7
15.5
GCC Commentary
GCC Top Gainers##
Exchange
Saudi Arabia: The TASI index declined 0.6% to close at 8,359.6. The Cement
index fell 1.8%, while the Energy & Utilities index was down 1.5%. Southern
Province Cement Co. fell 6.9%, while National Gypsum Co. was down 4.1%.
Al-Hassan GI Shaker
Dubai: The DFM index declined marginally to close at 2,855.6. The Services
index fell 1.3%, while the Transportation index was down 1.0%. Agility fell
9.8%, while Gulf Navigation declined 3.7%.
Abu Dhabi: The ADX benchmark index fell 0.2% to close at 3,823.9. Losses
were led by the Inv. & Fin. Services and Energy indices, declining 1.3% each.
Arkan Building Materials Co. was down 3.3%, while RAK Cement Co. fell
2.9%.
Kuwait: The KSE index closed on November 19, 2013.
Oman: The MSM index gained marginally to close at 6,771.1. The Services
index rose 0.2%, while all other sub-indices ended in red. Areej Vegetable Oils
& Derivatives rose 9.9%, while Oman Oil Marketing gained 2.1%.
Bahrain: The BHB index declined marginally to close at 1,199.04. Commercial
Banks index fell 0.4%, while the Services index was down 0.3%. Ahli United
Bank declined 0.7%, while Bahrain Telecommunications Co. fell 0.6%.
Close#
1D%
Saudi Arabia
71.00
3.3
2,103.9
10.1
DP World
Dubai
15.90
3.3
416.4
36.2
Union National Bank
Abu Dhabi
5.10
2.8
977.7
76.7
Nama Chemicals Co.
Saudi Arabia
12.75
2.4
17,641.4
(0.8)
Al Mouwasat Med. Ser.
Saudi Arabia
88.00
2.3
84.5
63.7
##
#
Vol. ‘000
YTD%
GCC Top Losers
Exchange
Close
1D% Vol. ‘000
Southern Prov. Cement
Saudi Arabia
118.25
(6.9)
947.6
18.3
Saudi Ceramic Co.
Saudi Arabia
111.50
(2.2)
744.1
51.2
Arabian Cement Co.
Saudi Arabia
68.00
(2.2)
931.8
36.0
Saudi Airlines Catering
Saudi Arabia
135.50
(2.0)
119.7
73.7
Yamamah Saudi Cem.
Saudi Arabia
65.25
(1.9)
975.4
37.4
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)
Close*
1D%
Vol. ‘000
YTD%
Qatari Investors Group
39.50
9.9
2,478.7
71.7
Qatar Cinema & Film Distr. Co.
48.70
7.0
0.1
(14.4)
Barwa Real Estate Co.
29.20
5.4
4,524.2
Al Ahli Bank
55.90
3.5
2.4
Qatar Gas Transport Co.
20.44
3.3
2,500.2
33.9
Qatar Exchange Top Gainers
Close*
1D%
Vol. ‘000
Islamic Holding Group
40.00
(2.4)
45.5
5.3
Gulf International Services
58.70
(0.7)
130.8
95.7
6.4
National Leasing
31.05
(0.6)
595.6
(31.3)
14.1
Widam Food Co.
48.40
(0.5)
46.0
(17.7)
Gulf Warehousing Co.
39.80
(0.5)
14.4
18.8
YTD%
Qatar Exchange Top Losers
YTD%
Close*
1D%
Vol. ‘000
YTD%
Close*
1D%
Val. ‘000
Barwa Real Estate Co.
29.20
5.4
4,524.2
6.4
Barwa Real Estate Co.
29.20
5.4
128,893.9
6.4
Qatar Gas Transport Co.
20.44
3.3
2,500.2
33.9
Qatari Investors Group
39.50
9.9
94,245.1
71.7
Qatari Investors Group
39.50
9.9
2,478.7
71.7
United Development Co.
23.52
0.6
56,524.2
32.1
United Development Co.
23.52
0.6
2,407.8
32.1
Qatar Gas Transport Co.
20.44
3.3
50,428.1
33.9
Vodafone Qatar
10.09
2.1
1,681.0
20.8
Masraf Al Rayan
32.35
0.3
46,160.6
30.5
Qatar Exchange Top Vol. Trades
Source: Bloomberg (* in QR) (Data for Qatar is as of November 18, 2013)
Regional Indices
Qatar*#
Dubai
Abu Dhabi
Saudi Arabia
Kuwait#
Oman
Bahrai
Qatar Exchange Top Val. Trades
Source: Bloomberg (* in QR) (Data for Qatar is as of November 18, 2013)
Close
1D%
WTD%
MTD%
YTD%
10,359.41
2,855.63
3,823.90
8,359.59
7,868.93
6,771.06
1,199.04
N/A
(0.0)
(0.2)
(0.6)
N/A
0.0
(0.0)
1.4
1.1
0.8
0.5
(0.4)
0.1
(0.4)
5.3
(2.3)
(0.6)
3.9
(1.0)
1.5
(0.2)
23.9
76.0
45.3
22.9
32.6
17.5
12.5
Exch. Val. Traded
($ mn)
N/A
215.18
87.90
1,212.48
N/A
15.42
1.41
Exchange Mkt.
Cap. ($ mn)
152,855.5#
68,733.5
109,497.1
454,351.6
108,772.6
24,116.0
16,818.5
P/E**
P/B**
13.2
16.8
10.6
17.1
18.2
10.8
8.1
1.8
1.1
1.3
2.1
1.3
1.6
0.8
Dividend
Yield
4.4
3.1
4.7
3.6
3.5
3.8
4.0
#
Source: Bloomberg, Qatar Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any) ( Data as of Nov. 18, 2013)
Page 1 of 5
2. Qatar Market Commentary
The QE index rose 0.7% to close at 10,359.4. The Real Estate
and Transportation indices led the gains. The index rose on the
back of buying support from non-Qatari shareholders despite
selling pressure from Qatari shareholders.
Qatari Investors Group and Qatar Cinema & Film Distr. Co. were
the top gainers, rising 9.9% and 7.0% respectively. Among the
top losers, Islamic Holding Group fell 2.4%, while Gulf
International Services declined 0.7%.
Overall Activity#
Buy %*
Sell %*
Net (QR)
Qatari
73.89%
78.87%
(31,926,727.26)
Non-Qatari
26.11%
21.12%
31,926,727.26
#
Source: Qatar Exchange (* as a % of traded value) ( Data as of November 18, 2013)
Volume of shares traded on Monday rose by 37.9% to 19.7mn
from 14.3mn on Sunday. Further, as compared to the 30-day
moving average of 8.0mn, volume for the day was 147.1%
higher. Barwa Real Estate Co. and Qatar Gas Transport Co.
were the most active stocks, contributing 23.0% and 12.7% to
the total volume respectively.
Ratings, Earnings and Global Economic Data
Ratings Updates
Company
Agency
National Bank of
Bahrain (NBB)
CI
Market
Bahrain
Type*
Old Rating
LT FCR/ ST FCR
New Rating
Outlook
Outlook Change
BBB/ A2
BBB+/ A2
Rating Change
Stable
–
#
Source: News reports (* LT – Long Term, ST – Short Term, FCR – Foreign Credit Rating) (#Rating downgrade for LT FCR)
Earnings Releases
Company
Revenue
(mn) 3Q2013
% Change
YoY
Operating Profit
(mn) 3Q2013
% Change
YoY
Net Profit (mn)
3Q2013
% Change
YoY
KD
3.7
-41.4%
–
–
0.9
N/A
USD
98.8
22.0%
–
–
–
–
Market
International Financial
Advisors (IFA)
Topaz Energy and Marine
Currency
Kuwait
Oman
Source: Company data, DFM, ADX, MSM
Global Economic Data
Date
Market
Source
Indicator
Period
11/19
Germany
ZEW
ZEW Survey Expectations
November
11/19
Germany
ZEW
Consensus
Previous
60.2
–
59.1
November
ZEW Survey Expectations
Actual
54.6
54.0
52.8
–
2.2%
–
1.0%
11/19
Italy
Istat
Industrial Orders MoM
September
1.6%
11/19
Italy
Istat
Industrial Sales MoM
September
0.1%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
QE cancels day's trade due to technical incident – The Qatar
Exchange cancelled all executed transactions yesterday
(November 19, 2013) because of a technical incident on its
trading platform. The exchange said after consultation with the
Qatar Financial Markets Authority, it has agreed to cancel all
transactions that took place on November 19 and any other
orders that had not been executed. (QE, Reuters)
DHBK to raise capital via private placement or bonds;
opens office in Sharjah – Doha Bank’s (DHBK) CEO
Raghavan Seetharaman said the bank is planning to raise its
capital via private placement or bonds. He added that depending
on market conditions, DHBK will either opt for a private
placement or bond issuance. He also said that DHBK is
planning to expand its capital by QR2bn within this year
(deadline is end-1Q2014, EOGM to be held on Nov. 24, 2013)
and seeks approval for a $549mn perpetual bond issue.
Meanwhile, the bank has opened its first representative office in
Sharjah, following regulatory approval from the UAE Central
Bank. (Bloomberg, Gulf-Times.com)
GISS updates investors on Al Koot – Gulf International
Services Company (GISS) has confirmed that discussions
regarding change of ownership of Al Koot (wholly-owned
insurance and reinsurance firm) have been put indefinitely on
hold. Hence, no major change is expected in the company
structure or in its operation. (QE)
Doha Metro works begin at several sites – Construction work
has begun at a number of project sites of the Doha Metro and
Rail network. The initial work of clearing, fencing and drilling
studies is being set in motion at several station locations
including Al Sadd, next to Toyota Tower, and in front of
Sheraton Hotel in Dafna. Work has also started at a few other
sites including the Sports City in Al Waab, Souq Waqif and the
Diwan. Drilling work has commenced at 20 station locations.
(Qatar Tribune)
Qatar has the lowest break-even oil price in region –
According to Moody’s, Qatar has the lowest break-even oil price
in the Gulf region. Furthermore, Qatar’s vast oil and gas
resources, robust non-hydrocarbon growth, a high per capita
income, and persistent surpluses in fiscal and external accounts
support its highest sovereign ratings. (Gulf-Times.com)
Qatari government to audit all state entities and projects –
The Qatari government has placed all institutions and projects
that receive its financing, as well as overseas investments made
by the sovereign wealth fund under its audit agency, the State
Audit Bureau (SAB). (Peninsula Qatar)
Page 2 of 5
3. Ministry to issue new specifications for building materials –
The Laboratory and Standardization Department at the Ministry
of Environment said that it will issue a new set of specifications
for construction materials in Qatar by early 2014. The new
specifications will be mandatory for all companies. (Peninsula
Qatar)
PetroChina’s new LNG terminal gets first cargo from
Qatargas – Qatargas has delivered the first LNG cargo to China
National Petroleum Corporation’s (PetroChina) Tangshan
Caofeidian LNG Terminal in the Hebei province of China. The
cargo was delivered onboard a Q-Flex class LNG vessel, AlGharrafa and will be used to commission the third LNG terminal
owned by PetroChina in the country. (Gulf-Times.com)
QPI, Total sign deal for joint participation in Congo – Qatar
Petroleum International (QPI) and Total have signed a detailed
agreement for QPI’s participation in Total E&P Congo. This
participation will be through a share capital increase of Total
E&P Congo, resulting in QPI holding 15% share after the
subscription. Earlier in May, the two companies had signed a
framework agreement to this effect. QPI will be an active nonoperating partner and will support the ambitious development
programs undertaken in the Republic of Congo. (GulfTimes.com)
ORDS CEO urges operators to reduce mobile broadband
costs – Ooredoo’s (ORDS) Chairman Sheikh Abdullah bin
Mohammed bin Saud al Thani has called on the global
communications industry to take on the challenge of providing
more people with broadband internet access. Abdullah urged
operators to work together to lower mobile broadband costs and
improve networks. (Qatar Tribune)
Upgraded weather forecasting facilities to be installed at
HIA – The multi-billion dollar Hamad International Airport (HIA)
will have upgraded weather forecasting capabilities. The stateof-the-art facility will be installed under a new project to be
executed by the Qatar Civil Aviation Authority, in association
with the Qatar Meteorology Department and Qatar Datamation
Systems. (Peninsula Qatar)
International
Bernanke: US Fed committed to easy policy for as long as
needed – The US Federal Reserve Chairman Ben Bernanke
said the Fed will maintain its ultra-easy monetary policy for as
long as needed and will only begin to taper bond-buying once it
is assured that labor market improvements would continue.
Bernanke said that while the US economy had made significant
progress, it was still far from where officials wanted it to be. He
said the Federal Open Market Committee remains committed to
maintaining highly accommodative policies. Since 2008, the Fed
has maintained its interest rates at near zero and quadrupled its
balance sheet to $3.9 trillion through three massive rounds of
bond buying. In October 2013, the Fed decided to maintain
asset purchases at an $85 billion monthly pace. (Reuters)
Chinese central bank vows faster foreign exchange reform;
IPO hopes tempered – China's central bank chief Zhou
Xiaochuan vowed to quicken the process of full convertibility for
the Chinese yuan, which would allow the free movement of
capital across China's borders. This has been a demand of
many of the country's major trading partners. Meanwhile, the
China Securities Regulatory Commission has reiterated its
commitment to ease the government's control over the initial
public offering process, but said the government will also
intensify its auditing of companies that hope to list on the
market. (Reuters)
OECD calls on ECB to buy Eurozone assets; ECB says all
options on the table – The Organization for Economic
Cooperation & Development (OECD) said the European Central
Bank (ECB) must consider buying government and corporate
bonds to help the Eurozone to avoid a Japanese-style
deflationary spiral. In October, inflation in the 17-nation
Eurozone fell to its lowest in nearly four years, along with the
economy struggling to recover after emerging from its longest
ever recession. Despite a surprise ECB rate cut this month, the
OECD said that the bank needs to take bolder measures at a
time of massive unemployment and difficult credit. Meanwhile,
ECB’s Vice President Vitor Constancio said all policy options are
open for the ECB and it has discussed the broad possibility of
asset buying. (Reuters)
OECD sees China’s growth accelerating in 2014, urges
more reforms – The OECD said China's annual economic
growth is likely to accelerate to 8.2% in 2014 from an expected
7.7% this year, on the back of stronger domestic demand. The
OECD said growth is picking up, inflation remains low, and
domestic demand has led the turnaround. The organization
highlighted the need for China to quicken structural reforms in
favor of stronger domestic consumption, since economic
expansion still relies heavily on investment. The OECD said with
the economy recovering, there is now a favorable window to
push forward with various structural reforms, particularly
financial liberalization, encouraging labor mobility and tax
reform. (Reuters)
OECD: Emerging markets hold back global recovery – The
OECD said slowing emerging markets are dragging down the
global economic recovery, while advanced countries are
struggling to pick up the slack after years of debt crises. The
OECD has trimmed its global growth forecasts, expecting the
world economy to grow 3.6% next year. The OECD’s Chief
Economist Pier Carlo Padoan said forecasts have been lowered
for many reasons, but the most important ones are the growth
downgrade in emerging countries, slower trade and subdued
investment. Padoan said advanced economies would not be
able to make up for the momentum lost by major emerging
economies, which are hit by capital outflows triggered by the US
Federal Reserve’s plans to rein in its exceptional monetary
stimulus. The OECD said the Fed should scale down its bond
purchases as activity strengthens next year, forecasting that
growth in the US economy would reach 2.9% in 2014, its
strongest performance since 2005, after an estimated 1.7% this
year. (Gulf-Times.com)
Regional
S&P: minimal impact of US shale boom on Gulf energy –
According to Standard & Poor’s (S&P), the shale boom in the
US has only a minimal impact on Gulf-based oil & gas
producers, which can endure a 15-20% drop in global oil prices
for now. S&P’s Credit Analyst Karim Nassif said notwithstanding
the potential consequences of shale oil production in North
America on the level of oil imports, there will be a limited effect
on the GCC producers at present. He said this reflects Gulfbased oil producers’ ability to redirect oil exports, as well as the
fact that many of them export heavier crude that are not
displaced by shale volumes. (Gulf-Times.com)
BCG: Digital technologies to raise quality in GCC
healthcare sector – According to a recent study by the Boston
Consulting Group (BCG), GCC governments need to implement
digital technologies in the healthcare sector to increase its
quality and productivity. The study noted that the move will also
support the transition to a prevention-focused healthcare
Page 3 of 5
4. system, which is the need of the hour for the local markets.
(GulfBase.com)
Italy woos UAE funds on Alitalia – According to Fabrizio
Pagani, a senior economic adviser to the Italian Prime Minister,
Italy’s government has spoken to sovereign wealth funds from
the UAE for the possibility of investing in its struggling airline,
Alitalia. He said Alitalia is looking for a partner outside Europe,
following Air France-KLM's decision not to take part in a capital
increase and allow its 25% stake to be diluted to just 7%.
(Reuters)
Cluttons: Dubai property growth cools after new measures
– According to a report by Cluttons, the measures introduced
recently to regulate the Dubai property market have already
begun to have an impact with its growth rate cooling down. The
Cluttons report found that the steps initiated by the UAE Central
Bank to limit the size of mortgage loans, along with the Dubai
Land Department’s recent doubling of property registration fees
from 2% to 4%, are affecting the volume of deals being
registered in the residential market. (GulfBase.com)
DGCX to list plastics futures contract – The Dubai Gold and
Commodities Exchange (DGCX) will launch its new plastics
futures contract on February 28, 2014. The contract is designed
to provide enhanced liquidity in the global plastics trade and will
be the first ever plastics contract to be listed in the MENA
region. (GulfBase.com)
Dubai Airports to bring more cargo carriers to new hub –
Dubai Airports said it is in talks with many cargo carriers to
persuade them to operate from the new Al Maktoum airport hub,
while it is continuing to work on adding more passenger airlines
after the facility opened last month. (Bloomberg)
Etihad, CFM sign $2.8bn aircraft engine deal – Abu Dhabibased Etihad Airways has selected CFM International’s
advanced Leap-1A engine worth $2.8bn to power its 26 Airbus
A321neo, which is scheduled to be delivered in 2018. To
support its new fleet, the airline has signed a 15-year rate-perflight-hour agreement, under which CFM will guarantee the
maintenance costs on a dollar per engine flight hour basis.
(GulfBase.com)
Mubadala to service Rolls Royce Trent XWB engines –
Rolls-Royce has entered into a strategic agreement with Abu
Dhabi's Mubadala Aerospace that will allow the governmentowned company to service the engine manufacturer's Trent
XWB engines. According to Rolls-Royce, Mubadala will become
an approved provider of Trent engine maintenance, repair &
overhaul, Rolls-Royce's first such designation in the Middle
East. As part of the deal, the engine manufacturer will also
source $500mn worth of spare parts from Mubadala over a 10year period. (Reuters)
Abu Dhabi’s CPI up 1.1% in first 10 months – According to
the Statistics Centre–Abu Dhabi (SCAD), the inflation rate of
consumer prices for the first 10 months of 2013 in Abu Dhabi
was 1.1% YoY. The CPI increased from 123.7 points in October
2012 to 125.7 points in October 2013, indicating a 1.6% rise.
However, the CPI decreased by 0.2% in October 2013
compared with September 2013. (GulfBase.com)
ADNOC eyes Saudi market next year – The Abu Dhabi
National Oil Company (ADNOC) has revealed plans to expand
into the Saudi market in 2014 by providing service stations as
well as aviation services in the Kingdom. ADNOC’s CEO
Abdullah Al Dhaheri said the company is in final stages of
discussion with the operator who will be operating as a
franchisee to ADNOC’s distribution. Al Dhaheri said there are
currently around 110 stations under discussion, of which 21 are
under construction and around 80 are under design. These
service stations are expected to be operational over the next two
years. (GulfBase.com)
Aldar Properties picks banks for sukuk sale – Aldar
Properties has hired five banks to arrange the sale of a
benchmark-sized Islamic bond to refinance its debt. The firm
has hired the National Bank of Abu Dhabi, First Gulf Bank,
Dubai Islamic Bank, Standard Chartered and Goldman Sachs.
The company is reportedly planning to issue the sukuk by the
year-end. (GulfBase.com)
Ashmore seeks buyer for Alphaland stake – London-based
private equity fund Ashmore Group reportedly is in talks with
several parties, including a member of Abu Dhabi's ruling family,
for the acquisition of its stake in Ongpin-led upscale property
developer Alphaland Corp. (Reuters)
Abu Dhabi’s Cepsa pays $2.2bn for Coastal Energy – Abu
Dhabi-owned oil refiner Cia. Espanola de Petroleos (Cepsa) and
partner Strategic Resources (Global) Ltd. agreed to buy Coastal
Energy for $2.2bn. Citigroup and Credit Suisse Group are the
financial advisers for Coastal Energy, while Goldman Sachs is
the financial adviser for Cepsa. PriceWaterhouseCoopers is
advising both Cepsa and Strategic Resources. (Reuters)
The National Investor’s CEO resigns – Abu Dhabi-based
investment firm, The National Investor’s Chief Executive Orhan
Osmansoy has resigned and his replacement is yet to be
named. Osmansoy, who joined the firm in 2004, was
instrumental in expanding the company into a regional
investment firm, operating in private equity, investment advisory
and asset management businesses. However the company was
hard hit during the global financial crisis. (Peninsula Qatar)
LS2 Consulting wins 5 energy contracts – LS2 Consulting, a
leading business solution provider, has secured five different
new contracts in the oil & gas contracting industry. These new
deals have raised the group's portfolio value to over AED10mn
($2.7mn) in the UAE. (GulfBase.com)
Kuwait offers $2bn in loans to African states – Kuwait's Emir
Sheikh Sabah al Ahmad al Sabah has pledged $1bn in lowinterest loans and a similar amount in investments to African
states over the next five years. (Qatar Tribune)
CBO warns against higher credit ceiling for salaried
employees – The Central Bank of Oman (CBO) has issued a
warning for all licensed banks in the country to abide strictly by
the royal orders regarding the standardization of grades and
salaries of all the staff in the civil sector. The CBO has warned
all banks against any abuse or exploitation of the resulting
increase in the salaries of the intended recipients. The CBO
stressed that banks should not raise the personal loan ceiling
limits or loan interest rates of the beneficiaries or take any other
measure of similar effect. (GulfBase.com)
Oman Oil Marketing signs agreement with Duqm Port – The
Oman Oil Marketing Company has signed a bunkering license &
land lease agreement with Port of Duqm Company to develop a
bunkering terminal and ancillary facilities at the Duqm Port. This
terminal will offer heavy fuel oil, marine diesel oil and marine
lubricants to ships calling at the port. (Bloomberg)
Page 4 of 5
5. Rebased Performance
Daily Index Performance
160.0
150.0
140.0
130.0
120.0
110.0
100.0
90.0
80.0
0.4%
148.9
130.9
0.0%
0.0%
0.0%
0.0%
(0.0%)
(0.0%)
118.9
(0.2%)
(0.4%)
S&P Pan Arab
S&P GCC
Source: Bloomberg
Asset/Currency Performance
Gold/Ounce
Silver/Ounce
Crude Oil (Brent)/Barrel (FM
Future)
Natural Gas (Henry
Hub)/MMBtu
North American Spot LPG
Propane Price
North American Spot LPG
Normal Butane Price
Dubai
Oman
Bahrain
Jul-13
Abu Dhabi
QE Index
May-12 Dec-12
Kuwait*
Oct-11
Qatar *
Jan-10 Aug-10 Mar-11
(0.6%)
Saudi Arabia
(0.8%)
Source: Bloomberg (*As of November 19, 2013)
Close ($)
1D%
WTD%
YTD%
Global Indices Performance
Close
1D%
WTD%
YTD%
1,275.19
(0.0)
(1.1)
(23.9)
DJ Industrial
15,967.00
(0.1)
0.0
21.8
20.38
(0.2)
(2.1)
(32.8)
S&P 500
1,787.87
(0.2)
(0.6)
25.3
107.36
(1.0)
(1.0)
(3.4)
NASDAQ 100
3,931.55
(0.4)
(1.3)
30.2
3.63
(2.2)
2.1
6.0
322.56
(0.7)
(0.2)
15.3
118.50
(0.2)
(0.1)
32.4
DAX
9,193.29
(0.3)
0.2
20.8
142.75
(0.3)
(0.5)
(17.5)
FTSE 100
6,698.01
(0.4)
0.0
13.6
STOXX 600
Euro
1.36
0.4
0.5
2.8
Yen
99.96
(0.0)
(0.2)
15.3
Nikkei
4,272.29
(1.1)
(0.4)
17.4
15,132.22
(0.2)
(0.2)
45.6
GBP
1.61
0.1
(0.0)
(0.8)
CHF
1.10
(0.1)
0.1
0.2
MSCI EM
1,024.53
(0.1)
1.9
(2.9)
SHANGHAI SE Composite
2,193.13
(0.2)
2.7
(3.4)
AUD
0.94
0.1
0.2
(9.7)
HANG SENG
23,657.80
(0.0)
2.7
4.4
USD Index
80.70
(0.2)
(0.2)
RUB
32.71
0.5
0.4
1.1
BSE SENSEX
20,890.80
0.2
2.4
7.5
7.1
Bovespa
53,032.90
(2.3)
(0.8)
(13.0)
BRL
0.44
0.1
2.5
(9.3)
1,455.04
(0.5)
0.8
(4.7)
Source: Bloomberg
CAC 40
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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