1. QE Intra-Day Movement
Market Indicators
10,860
10,840
10,820
Market Indices
10,800
10,780
9:30
08 Jan 14
400.7
572,011.1
8.2
4,524
39
25:8
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 0.3% to close at 10,834.8. Gains were led by the
Transportation and Banking & Financial Services indices, gaining 1.3% and
0.7% respectively. Top gainers were Al Ahli Bank and Dlala Brok. & Inv.
Holding Co., rising 5.9% and 4.9% respectively. Among the top losers, Qatar
General Ins. & Rein. Co. fell 7.4%, while Doha Insurance Co. declined 4.4%.
07 Jan 14
701.7
570,154.8
15.1
7,850
40
22:18
%Chg.
(42.9)
0.3
(45.6)
(42.4)
(2.5)
–
Close
Total Return
All Share Index
Banks
Industrials
Transportation
Real Estate
Insurance
Telecoms
Consumer
Al Rayan Islamic Index
1D%
WTD%
YTD%
TTM P/E
15,480.50
2,681.46
2,550.59
3,602.61
1,944.04
2,012.06
2,423.41
1,495.34
6,068.70
3,166.41
0.3
0.4
0.7
0.1
1.3
0.1
(1.5)
0.1
0.4
0.3
2.7
2.2
3.2
1.0
3.2
0.5
3.0
3.1
0.7
2.0
4.4
3.6
4.4
2.9
4.6
3.0
3.7
2.9
2.0
4.3
N/A
13.6
13.4
13.1
13.2
13.8
9.9
20.3
23.0
16.4
GCC Commentary
GCC Top Gainers##
Exchange
Close#
1D%
Saudi Arabia: The TASI index gained 0.5% to close at 8,652.5. Gains were
led by the Transport and Hotel & Tourism indices, rising 1.7% and 1.6%
respectively. Rabigh Ref. & Petroch. gained 9.8%, while Makkah was up 3.6%.
Investbank
Abu Dhabi
2.89
11.2
20.0
7.4
Deyaar Development
Dubai
1.08
10.2
152,158.7
6.9
Dubai: The DFM index rose 2.0% to close at 3,443.8. The Insurance index
gained 3.2%, while the Real Estate & Construction index was up 2.7%. Al
Salam Sudan surged 15.0%, while National Industries Group gained 11.7%.
Rabigh Ref. & Petroch.
Saudi Arabia
30.20
9.8
24,267.7
24.5
Dana Gas
Abu Dhabi
0.93
8.1
142,278.9
2.2
Abu Dhabi: The ADX benchmark index gained marginally to close at 4,395.8.
The Energy index rose 6.3%, while Real Estate index was up 1.1%. Invest
Bank gained 11.2%, while Dana Gas was up 8.1%.
Al Ahli Bank
59.30
5.9
0.3
7.8
GCC Top Losers
Exchange
Kuwait: The KSE index declined marginally to close at 7,657.6. The
Technology index fell 2.2%, while the Banking index was down 0.9%. Strategia
Investment Co. declined 6.5%, while Al Safat Tec Holding Co. was down 6.4%.
Qatar Gen. Ins. & Rein.
Qatar
Sharjah Islamic Bank
Abu Dhabi
Oman: The MSM index rose 1.5% to close at 7,086.6. Gains were led by the
Industrial and Financial indices, rising 1.7% and 1.3% respectively. Galfar
Engineering & Construction gained 6.9%, while Gulf Int. Chem. was up 6.3%.
Comm. Bank of Kuwait
Kuwait
Kingdom Holding Co.
Saudi Arabia
United Arab Bank
Abu Dhabi
Bahrain: The BHB index gained 0.5% to close at 1,262.3. The Commercial
Banking index rose 1.0%, while the Services index was up 0.9%. BMMI gained
3.7%, while Al Salam Bank was up 3.4%.
Close*
1D%
Vol. ‘000
YTD%
Al Ahli Bank
59.30
5.9
0.3
7.8
Dlala Brok. & Inv. Holding Co.
24.13
4.9
499.9
9.2
Islamic Holding Group
52.00
3.4
388.3
13.0
Al Khaliji
20.79
2.7
145.2
Qatar Navigation
90.20
1.9
Qatar Exchange Top Vol. Trades
Close*
Salam International Investment Co.
13.14
Barwa Real Estate Co.
Qatar
##
#
Vol. ‘000
YTD%
1D% Vol. ‘000
YTD%
42.50
(7.4)
138.3
(11.3)
1.91
(4.5)
5,914.1
24.0
Close
0.72
(4.0)
0.4
(2.7)
22.10
(3.5)
1,482.4
(9.8)
6.45
(3.0)
1.4
0.0
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%
Qatar General Ins. & Rein. Co.
42.50
(7.4)
138.3
(11.3)
Doha Insurance Co.
27.00
(4.4)
350.1
8.0
Qatar & Oman Investment Co.
12.64
(0.9)
20.7
1.0
4.0
National Leasing
30.80
(0.6)
156.1
2.2
132.2
8.7
Mazaya Qatar Real Estate Dev.
11.48
(0.5)
391.7
2.7
1D%
Vol. ‘000
YTD%
Qatar Exchange Top Val. Trades
Close*
1D%
Val. ‘000
YTD%
1.1
877.3
1.0
QNB Group
173.50
0.4
64,247.6
0.9
31.05
0.5
651.1
4.2
Industries Qatar
172.60
0.2
38,848.3
2.2
Qatar Gas Transport Co.
20.75
1.0
640.3
2.5
Qatar International Islamic Bank
65.90
1.1
20,778.6
6.8
Dlala Brok. & Inv. Holding Co.
24.13
4.9
499.9
9.2
Islamic Holding Group
52.00
3.4
20,583.5
13.0
United Development Co.
22.90
(0.4)
494.0
1.3
Barwa Real Estate Co.
31.05
0.5
20,164.3
4.2
Qatar Exchange Top Gainers
Source: Bloomberg (* in QR)
Regional Indices
Qatar*
Dubai
Abu Dhabi
Saudi Arabia
Kuwait
Oman
Bahrain
Qatar Exchange Top Losers
Source: Bloomberg (* in QR)
Close
1D%
WTD%
MTD%
YTD%
10,834.84
3,443.76
4,395.78
8,652.50
7,657.57
7,086.60
1,262.29
0.3
2.0
0.0
0.5
(0.0)
1.5
0.5
2.7
(0.8)
0.8
0.4
1.4
2.9
1.1
4.4
2.2
2.5
1.4
1.4
3.7
1.1
4.4
2.2
2.5
1.4
1.4
3.7
1.1
Exch. Val. Traded
($ mn)
110.06
298.90
255.43
1,816.15
108.86
49.76
2.68
Exchange Mkt.
Cap. ($ mn)
157,074.2
71,912.9
125,113.5
474,298.2
109,483.6
25,351.7
50,479.5
P/E**
P/B**
13.8
20.3
12.3
17.6
16.9
11.2
8.2
1.9
1.4
1.5
2.2
1.2
1.6
0.9
Dividend
Yield
4.2
2.6
4.1
3.4
3.7
3.7
3.8
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 0.3% to close at 10,834.8. The
Transportation and Banking & Financial Services indices led the
gains. The index rose on the back of buying support from nonQatari shareholders despite selling pressure from Qatari
shareholders.
 Al Ahli Bank and Dlala Brok. & Inv. Holding Co. were the top
gainers, rising 5.9% and 4.9% respectively. Among the top
losers, Qatar General Ins. & Rein. Co. fell 7.4%, while Doha
Insurance Co. declined 4.4%.
Overall Activity
Buy %*
Sell %*
Net (QR)
Qatari
51.59%
70.38%
(75,308,569.45)
Non-Qatari
48.42%
29.62%
75,308,569.45
Source: Qatar Exchange (* as a % of traded value)
 Volume of shares traded on Wednesday declined by 45.6% to
8.2mn from 15.1mn on Tuesday. Further, as compared to the 30day moving average of 11.9mn, volume for the day was 30.6%
lower. Salam International Investment Co. and Barwa Real
Estate Co. were the most active stocks, contributing 10.7% and
7.9% to the total volume respectively.
Ratings, Earnings and Global Economic Data
Ratings Updates
Company
Agency
Bahrain Islamic
Bank (BIsB)
Market
Moody's
Type*
Bahrain
Supported Issuer
Ratings*/ BFSR
Old Rating
New Rating
Rating Change
Outlook
Outlook Change
E+
Ba3/E

Negative
–
Source: News reports (* LT – Long Term, ST – Short Term, BFSR- Bank Financial Strength Rating) (*Rating confirmed)
Earnings Releases
Company
Revenue
(mn) 4Q2013
% Change
YoY
Operating Profit
(mn) 4Q2013
% Change
YoY
Net Profit (mn)
4Q2013
% Change
YoY
SR
–
–
0.4
15.0%
0.7
15.8%
SR
–
–
138.5
-8.3%
135.3
-5.4%
Market
Tourism Enterprise Co.
(SHAMS)
Qassim Cement Co.
Currency
Saudi Arabia
Saudi Arabia
Source: Company data, DFM, ADX, MSM
Global Economic Data
Date
Market
Source
Indicator
Period
Actual
Consensus
Previous
01/08
US
MBA
MBA Mortgage Applications
3-January
01/08
US
ADP
ADP Employment Change
December
2.60%
–
-4.20%
238K
200K
01/08
EU
Eurostat
Retail Sales MoM
November
229K
1.40%
0.10%
-0.40%
01/08
EU
Eurostat
Retail Sales YoY
November
1.60%
0.30%
-0.30%
01/08
EU
Eurostat
Unemployment Rate
November
12.10%
12.10%
12.10%
01/08
Germany
Destatis
Trade Balance
November
18.1B
18.9B
17.9B
01/08
Germany
Bundesbank
Exports SA MoM
November
0.30%
0.80%
0.30%
01/08
Germany
Bundesbank
Imports SA MoM
November
-1.10%
0.70%
3.00%
01/08
Italy
ISTAT
Unemployment Rate
November
12.70%
12.60%
12.50%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
 QFC amends rules on insolvency, SFOs & SCs; to make
firms more flexible – The Qatar Financial Centre (QFC) has
issued amendments related to regulations on insolvency, single
family offices (SFO) and special companies (SC) in an attempt
to improve the QFC's legal architecture. These amendments
aim to simplify procedures and give QFC firms more flexibility in
their operations, improve legislative certainty and align QFC
regulations with best practices elsewhere. The amended
regulations enable the creation of a register of insolvency
practitioners and sets out how insolvency practitioners can
qualify to appear on the register. The rules also allow a
company to voluntarily apply to be struck off the register of
companies under certain conditions. (Qatar Tribune)
 DHBK offers 100% finance option for MPHC’s IPO – Doha
Bank (DHBK) is offering up to 100% finance option for Mesaieed
Petrochemical Holding Company’s (MPHC) IPO subscribers and
their families. The IPO will be open for subscriptions until
January 21 and subscribers can seek up to 100% finance for its
subscription from Doha Bank. The IPO is only open for Qataris
and selected Qatari institutions. (GulfBase.com)
 DHBK weighs debt sale as default swaps decline – Doha
Bank’s (DHBK) CEO Raghavan Seetharaman said the bank is
planning to take on debt in the second half as investor
perceptions of the country’s credit risk improve. He added that
options include selling senior or subordinated debt to strengthen
the balance sheet by reducing the mismatch between short-term
assets and long-term liabilities. According to data provider CMA,
five-year credit default swaps insuring Qatari debt declined nine
basis points since December 1 to 58 basis points January 07.
He said credit default swap rates are coming down significantly
from December, so debt procurement is planned. (Bloomberg)
 Waseef to open world’s largest truck parking – The Waseef
Company – a subsidiary of the Barwa Real Estate Group – is set
Page 2 of 5

3. to open the world’s largest truck parking yard at the Industrial
Area. The yard, located within the Barwa Al Baraha project, is
spread over 675,878 square meters and can accommodate
4,200 trucks. The “Al Baraha Barwa Trucks Parking” center will
have eight entries and 12 exits. It will have a petrol station,
garages, and parking areas for long-term and short-term usage.
(Gulf-Times.com)
 Kentz to establish new business entity in Qatar – Kentz
Corporation Ltd (Kentz) announced the establishment of a new
business entity, “Kentz Engineering International” in Qatar. The
new company is a subsidiary of Kentz Engineering International
Ireland, which was locally registered in December 2013. Kentz is
an engineering & construction company serving clients primarily
in the oil & gas, petrochemical and mining & metals sectors. In
addition to these, the company offers services in the
transportation and infrastructure markets as well. (Peninsula
Qatar)
 Byrne Looby signs JV with Asco Consulting – Ireland-based
engineering services provider Byrne Looby Partners has
announced a JV partnership with Qatar-based Asco Consulting
Engineers. Byrne Looby will utilize Asco’s experience and
license as a Grade-A engineering consultancy in Qatar. This
move marks an essential part of Byrne Looby’s growth strategy
in the Middle East, resulting in a significant increase of its
workforce in both Ireland and the GCC region. (Peninsula Qatar)
 QNCD’s BoD to meet on January 26 – Qatar National Cement
Company’s (QNCD) board of directors will meet on January 26,
2014 to discuss its financial results for the period ending on
December 31, 2013 and the proposal of profit distribution for
FY2013. (QE)
 KCBK’s BoD scheduled to meet on January 23 – Al Khalij
Commercial Bank’s (KCBK) board of directors will meet on
January 23, 2014 to discuss the bank’s financial results for the
period ending on December 31, 2013 and the proposal of profit
distribution for FY2013. (QE)
 QIIK’s BoD will meet on January 23 – Qatar International
Islamic Bank’s (QIIK) board of directors will meet on January 23,
2014 to discuss the bank’s financial results for the period ending
on December 31, 2013. (QE)
 Philips to open office in Doha soon – The Netherlands’
ambassador to Qatar Yvette Van Eechoud said the Dutch
technology company Philips intends to have a strong presence
in Qatar soon and will set up an office in Doha this year. (GulfTimes.com)
International
 US Fed’s members want cautious approach to QE tapering
– The US Federal Reserve's top officials debated their decision
to scale back the massive bond-buying quantitative easing (QE)
program last month, and they were keen to steer a delicate path.
Minutes of the Fed’s December 17-18 policy meeting showed
many members of the Federal Open Market Committee wanted
to proceed with caution in trimming down its asset purchases.
Most members wanted to stress that further reductions were not
on a preset course. At that meeting, the US central bank
decided to cut purchases by $10bn, bringing them to $75bn per
month. Even at that pace the QE program is still an aggressive
effort to clear the way for investment, hiring and economic
growth in the United States. (Reuters)
 Consumer credit in US increases on non-revolving debt –
Consumer borrowing in the US increased in November,
reflecting a gain in non-revolving debt such as student and auto
loans. The Federal Reserve said the $12.3bn advance followed
a revised $17.9bn rise the previous month. (Bloomberg)
 China tells banks to improve disclosures in shadow-lending
fight – China’s banking regulator has told lenders to publish
data including off-balance-sheet assets and interbank liabilities
as the government steps up scrutiny of the shadow-finance
industry. The China Banking Regulatory Commission (CBRC)
said lenders with total assets of 1.6tn yuan or more must publish
12 indicators within four months of the end of each financial
year. CBRC said the requirement is in line with rules published
by the Basel Committee on international banking regulation in
July. (Bloomberg)
 China’s producer prices extend drop in sign of weakness –
China’s producer prices extended the longest slide since the
1990s in December, adding to evidence that its economy
weakened last month. According to government reports, the
producer-price index (SHCOMP) fell 1.4% from a year before,
the 22nd straight drop, and consumer-price gains trailed
estimates at 2.5%. (Bloomberg)
 China’s inflation hits seven-month low – China's annual
consumer inflation slowed more sharply than expected to a
seven-month low of 2.5% in December, easing market fears of
tighter monetary policy rates. The drop in inflation last month,
from November's 3%, was sharper than a fall to the 2.7% rate
expected by the market, slowed by volatile food costs. However,
rising money market rates and bond yields indicate that the
People's Bank of China is tightening liquidity conditions to
reduce debt levels and contain credit growth. However, there is
little sign of a sharp turnaround in its policy stance. (ET)
Regional
 E&Y: Gulf private healthcare providers should raise capital
through IPOs – According to a report by Ernst & Young (E&Y),
private healthcare providers based in the Gulf should consider
raising capital through IPOs as the healthcare expenditure as a
proportion to the region’s GDP still remains low. The report said
recent IPO of several healthcare facilities have set a precedent
and more are to follow in the coming years. Numerous new
facilities are planned in almost all the GCC region countries. The
report added that the healthcare spending in the GCC region,
which has the potential to become a hub for medical tourism, is
expected to grow 11.4% until 2015, based on demographic and
macroeconomic factors. With programs such as mandatory
insurance, there is an increasing reliance on the private
healthcare sector and well-established facilities are expanding
rapidly to create capacity for their growing markets. The report
said one way of doing this is by way of an IPO and raising
capital for expansion. (Gulf-Times.com)
 Riyad Bank’s net profit rises 27.2% YoY in 4Q2013 – Riyad
Bank reported a net profit of SR1.03bn in 4Q2013, representing
an increase of 27.2% YoY. Net profit for the full year was
SR3.95bn, up 13.9% YoY. Loans & advances at the end of 2013
stood at SR131.2bn, up 11.7% on the same point of 2012.
Customer deposits gained 4.8% from a year earlier and stood at
SR153.2bn on December 31, 2013. The bank said its board had
recommended a cash dividend of SR0.8 for 2H2013. (Reuters)
 Saudi Hollandi earns SR347.3mn net profit in 4Q2013 –
Saudi Hollandi Bank has reported a net profit of SR347.3mn in
4Q2013, indicating an increase of 10.8% YoY. The bank’s fullyear net profit was SR1.5bn, a 19.8% increase on 2012. Saudi
Hollandi's loans portfolio stood at SR53.7bn on December 31,
rising 18.5% over December 31, 2012. (Qatar Tribune)
 IDC: Kingdom’s healthcare IT markets to rise by 11%
annually – According to a report by the International Data
Page 3 of 5

4. Corporation (IDC), Saudi Arabia’s healthcare IT market is
forecast to grow by 11% annually, making it one of the fastest
growing markets in the world. IT spending in Saudi Arabia is
increasing due to modernization and expansion of hospitals and
clinics as the Kingdom looks to increase its bed capacity to
30,000. The report said that IT spending among healthcare
organizations in the UAE, Saudi Arabia, Turkey and South Africa
is expected to rise by 10% annually over the next five years.
(GulfBase.com)
 Saudi Aramco to skip diesel term imports on delivered
basis – According to sources, Saudi Aramco will skip diesel
term imports on a delivered basis, removing a huge chunk of
demand from the Asian and Middle East oil markets and
potentially reducing refinery margins. The company is skipping
term imports of diesel on a delivered basis this year for the first
time after years of contracts with sellers to import at least about
2.2mn to 3mn barrels a month of the oil product. Cargoes
chartered on a delivered basis mean the seller usually pays the
freight charges to deliver cargoes to the buyer. Aramco might
instead focus on tying up term contracts on a free-on-board
basis with sellers like India-based Reliance Industries, though
this is not certain and overall term volumes will be much less
than past years. (GulfBase.com)
 UAE’s loan growth set to rise 10% in 2014 – According to
Standard & Poor's (S&P), loan growth in the UAE is set to jump
at least 10% in 2014 as an increase in bank deposits drives
down borrowing costs. S&P said that the lending will rise around
10% after increasing 9.6% last year. The UAE central bank’s
data showed that customer deposits at 51 banks in the UAE
rose 11% in the 12 months through September, the highest
since 2008. S&P Financial Services Ratings’ Associate Director
Timucin Engin said that the country’s lending growth will remain
healthy in 2014 and it will be in line with the strong outlook for
retail credit growth and some additional activity in the corporate
sector. (GulfBase.com)
 ADNOC to take oilfields stakes from Western majors – The
Abu Dhabi National Oil Company (ADNOC) said it will take full
control of the Abu Dhabi Company for Onshore Oil Operations’
(ADCO) oil concession when the decades-old partnership with
some of the world’s biggest oil companies ends in a few days’
time. ADNOC currently holds a 60% controlling stake in ADCO,
while ExxonMobil, Royal Dutch Shell, Total and BP hold 9.5%
stakes each. After January 11, ADNOC will take possession of
100% the interests in the concession. (Bloomberg)
 UAE wood industry to grow 126% until 2020 – The wood
industry in the UAE is expected to register a cumulative growth
of 126% over the next seven years driven by the boom in the
construction sector as part of the World Expo 2020 build-up.
Organizers of the three-day Dubai WoodShow 2014 said that
this growth will be powered by rising investments in the real
estate and infrastructure, in addition to the other expansion
projects across the country. (GulfBase.com)
named Hanadi Al Saleh as its Chairperson and Tarek Sultan as
its Chief Executive Officer & Vice Chairman, who will continue to
lead business strategy, operations and organizational
development. (DFM)
 Aramex expects double-digit profit growth in 2013 – Dubaibased Aramex expects to have grown with double-digit net profit
and revenue in 2013. In 2H2014, the company is eyeing
acquisitions in South Africa and east Africa. Aramex’s Founder
and Vice Chairman Fadi Ghandour said that nine-month net
profit at the firm rose 13% YoY and full-year results should be in
line with that. Ghandour did not expect to make any acquisitions
before 3Q2014 and anything costing below $100mn. He said
that Aramex could finance itself. (GulfBase.com)
 Etihad appoints new GMs for Philippines, Brazil – Etihad
Airways has appointed Juan Torres as General Manager for the
Philippines and Christophe Didier as General Manager for
Brazil. This is Torres’ second posting in the Philippines after
being the airline’s general manager from 2006 to 2010. Didier
joins Etihad from Delta Airlines, where he held a number of
senior sales positions in Latin and North America.
(GulfBase.com)
 ADIB launches capital-protected note – Abu Dhabi Islamic
Bank (ADIB) has launched a new capital-protected note that
allows customers to invest in the world’s biggest car
manufacturers. The Shari’ah-compliant note provides 100%
capital protection at maturity to minimize risk, along with an
expected return of up to 8%. The note, which matures in one
year, is currently open for subscription with a minimum amount
of $30,000. The note offers an opportunity to profit from the
steady growth of the car manufacturers in the world including
Toyota, GM, Volkswagen, Honda Motors and BMW.
(GulfBase.com)
 Sharjah’s FC/LC credit rated A/A-1 by S&P; gets A3 rating
from Moody's – S&P has assigned A/A-1 long- and short-term
foreign and local currency sovereign credit ratings to the Emirate
of Sharjah with a Stable outlook. Meanwhile, Moody's has
assigned a first-time local and foreign-currency rating of A3 to
the Government of Sharjah. The rating carries a Stable outlook.
(GulBase.com)
 ONEIC obtains tender from SSDC – Oman National
Engineering & Investment Company (ONEIC) has obtained a
two-year tender from SSDC worth OMR324mn for the supply of
staff and laborers for operation, management and maintenance
work of STP and waste water network at Mazionah. The
company expects to gain reasonable profit from this contract.
(MSM)
 Bank Muscat signs MoU to provide finance for Taameer
project – Bank Muscat and Taameer Investment have signed a
MoU to provide attractive baituna home finance for Jasmine
complex residential units that are being developed by Taameer
in Al Khuwair. (Bloomberg)
 Air Arabia increases frequency on Sharjah-Doha route – Air
Arabia announced the expansion of its services to Doha by
increasing its existing twice-daily services between Sharjah and
Doha to three times daily. This increase makes it one of the
most frequent fliers between the two countries. The airline now
operates 154 weekly flights within the Gulf region.
(GulfBase.com)
 Agility divides role of Chairman, CEO – Agility's board has
announced that the company will separate the roles of its
Chairman and CEO. The move brings Agility in compliance with
the new commercial law and corporate governance regulations
set out by Kuwait's Capital Market Authority (CMA). The board
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
2.5%
2.0%
2.0%
136.9
124.3
1.0%
1.5%
1.5%
0.5%
0.5%
0.5%
0.3%
0.0%
0.0%
S&P Pan Arab
Dec-13
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
Euro
Yen
Dubai
May-13
Oman
Oct-12
Abu Dhabi
QE Index
Mar-12
Bahrain
Aug-11
Kuwait
Jan-11
(0.0%)
Qatar
(0.5%)
Saudi Arabia
Jun-10
155.7
Source: Bloomberg
Close ($)
1D%
WTD%
YTD%
Global Indices Performance
Close
1D%
WTD%
YTD%
1,225.94
(0.5)
(0.9)
1.7
DJ Industrial
16,462.74
(0.4)
(0.0)
(0.7)
19.54
(1.7)
(3.1)
0.4
S&P 500
1,837.49
(0.0)
0.3
(0.6)
107.15
(0.2)
0.2
(3.3)
NASDAQ 100
4,165.61
0.3
0.8
(0.3)
4.35
(4.1)
0.2
0.2
STOXX 600
329.75
0.1
0.6
0.5
128.00
2.6
4.1
1.2
DAX
9,497.84
(0.1)
0.7
(0.6)
138.00
0.2
1.3
1.7
FTSE 100
6,721.78
(0.5)
(0.1)
(0.4)
1.36
(0.3)
(0.1)
(1.2)
CAC 40
104.86
0.2
0.0
(0.4)
Nikkei
4,260.96
(0.0)
0.3
(0.8)
16,121.45
1.9
(1.0)
(1.0)
GBP
1.64
0.3
0.2
(0.7)
MSCI EM
CHF
1.10
(0.2)
(0.6)
(2.0)
SHANGHAI SE Composite
973.17
0.2
(0.6)
(2.9)
2,044.34
(0.1)
(1.9)
(3.4)
AUD
0.89
(0.3)
(0.5)
(0.2)
HANG SENG
22,996.59
1.2
0.8
(1.3)
USD Index
81.02
0.2
0.3
RUB
33.20
0.2
0.0
1.2
BSE SENSEX
20,729.38
0.2
(0.6)
(2.1)
1.0
Bovespa
50,576.64
0.3
(0.8)
(1.8)
BRL
0.42
(0.9)
(0.5)
(1.2)
1,390.35
0.1
(3.6)
(3.6)
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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offer, promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or financial advice. We therefore strongly advise potential
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