1. Page 1 of 5
QE Intra-Day Movement
Qatar Commentary
The QE index rose 0.3% to close at 11,940.0. Gains were led by the Insurance
and Transportation indices, gaining 1.8% and 1.3% respectively. Top gainers
were Qatar & Oman Investment Co. and Qatar National Cement Co., rising
7.4% and 7.0% respectively. Among the top losers, Qatari Investors Group fell
2.1%, while Qatar German Co for Med. Dev. declined 1.6%.
GCC Commentary
Saudi Arabia: The TASI index rose 0.2% to close at 9,537.8. Gains were led
by Hotel & Tour. and Build. & Con. indices, rising 8.3% and 0.6% respectively.
Al-Tayyar Travel Group rose 10.0%, while Saudi Marketing Co. was up 9.9%.
Dubai: The DFM index gained 1.2% to close at 4,576.3. The Telecom. index
gained 2.0%, while the Banking Index was up 1.9 %. National General Ins. Co.
surged 14.8%, while Dubai National Ins. & Reins. Co. was up 14.7%.
Abu Dhabi: The ADX benchmark rose marginally to close at 4,955.1. The
Services index gained 0.9%, while the Energy index was up 0.6%. National
Marine Dredging Co. rose 3.5% while Abu Dhabi Aviation Co. was up 2.7%.
Kuwait: The KSE index gained 0.2% to close at 7,570.5. The Basic Material
index rose 2.0%, while Banking index was up 1.5%. Al-Nawadi Holding Co.
gained 8.8%, while Alimtiaz Investment Co. was up 7.6%.
Oman: The MSM index fell 0.4% to close at 6,798.2. Losses were led by the
Financial and Services indices declining 0.6% and 0.2% respectively. Oman
United Ins. fell 7.6%, while Oman National Inv. Corp. Holding was down 4.6%.
Bahrain: The BHB index gained 0.3% to close at 1,364.14. The Inv. index
rose 1.2%, while other indices remained unchanged or ended in red. Arab
Banking Corp. gained 3.9% while Bahrain Duty Free was up 2.6%.
Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD%
Qatar & Oman Investment Co. 13.00 7.4 2,455.5 3.8
Qatar National Cement Co. 129.50 7.0 54.0 8.8
Ezdan Holding Group 16.72 5.1 575.8 (1.6)
Gulf International Services 88.90 3.0 1,466.0 82.2
Al Khaliji 22.49 2.7 372.8 12.5
Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD%
Barwa Real Estate Co. 37.90 1.1 2,658.6 27.2
Mazaya Qatar Real Estate Dev. 15.07 (0.5) 2,480.9 34.8
Qatar & Oman Investment Co. 13.00 7.4 2,455.5 3.8
Gulf International Services 88.90 3.0 1,466.0 82.2
Vodafone Qatar 12.49 0.9 1,257.1 16.6
Market Indicators 2 Apr 14 1 Apr 14 %Chg.
Value Traded (QR mn) 795.7 1,042.8 (23.7)
Exch. Market Cap. (QR mn) 664,462.2 661,795.3 0.4
Volume (mn) 19.5 23.0 (15.3)
Number of Transactions 9,636 10,953 (12.0)
Companies Traded 41 41 0.0
Market Breadth 28:13 32:5 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 17,759.54 0.3 4.2 19.8 N/A
All Share Index 3,062.52 0.3 3.9 18.4 14.9
Banks 2,920.65 0.1 4.5 19.5 14.7
Industrials 4,232.94 0.1 3.9 20.9 15.8
Transportation 2,081.96 1.3 2.9 12.0 13.7
Real Estate 2,301.50 0.6 3.8 17.8 14.8
Insurance 2,877.98 1.8 2.5 23.2 7.6
Telecoms 1,560.12 0.3 4.3 7.3 21.0
Consumer 7,019.30 0.7 1.9 18.0 30.9
Al Rayan Islamic Index 3,676.93 0.4 4.1 21.1 17.1
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
Al Tayyar Saudi Arabia 126.5 10.0 1015.4 47.8
Deyaar Development Dubai 1.4 8.3 350534.9 42.6
Qatar National Cement Qatar 129.5 7.0 54.0 8.8
Petro Rabigh Saudi Arabia 29.1 6.6 16268.9 20.0
Comm. Bank Of Kuwait Kuwait 0.80 5.3 5.8 8.1
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
Rakbank Abu Dhabi 8.5 (6.1) 277.9 19.0
National Ind. Saudi Arabia 32.4 (4.4) 3697.0 (3.3)
Combined Group Cont. Kuwait 1.2 (3.3) 2.0 (7.8)
Nat. Mobile Telecom. Kuwait 1.8 (3.1) 23.1 6.8
Ithmaar Bank Bahrain 0.2 (2.9) 100.0 (28.3)
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%
Qatari Investors Group 55.50 (2.1) 799,962.0 27.0
Qatar German Co for Med. Dev. 12.91 (1.6) 72,717.0 -6.8
Industries Qatar 186.30 (1.2) 247,018.0 10.3
Doha Bank 61.30 (0.8) 249,112.0 5.3
Mesaieed Petrochemical Holding 35.70 (0.6) 958,720.0 257.0
Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD%
Gulf International Services 88.90 3.0 129,514.8 82.2
Barwa Real Estate Co. 37.90 1.1 100,940.9 27.2
Industries Qatar 186.30 (1.2) 46,270.6 10.3
Qatari Investors Group 55.50 (2.1) 45,003.3 27.0
Medicare Group 73.00 (0.1) 43,551.6 39.0
Source: Bloomberg (* in QR)
Regional Indices Close 1D% WTD% MTD% YTD%
Exch. Val. Traded
($ mn)
Exchange Mkt.
Cap. ($ mn)
P/E** P/B**
Dividend
Yield
Qatar* 11,939.95 0.3 4.0 2.6 15.0 218.50 182,461.3 15.2 1.9 4.1
Dubai 4,576.31 1.2 4.5 2.8 35.8 619.28 91,265.0 20.0 1.7 2.1
Abu Dhabi 4,955.12 0.0 2.1 1.2 15.5 170.95 131,066.0 14.8 1.8 3.7
Saudi Arabia 9,537.83 0.2 1.2 0.7 11.7 2,272.84 517,402.2 19.6 2.4 3.1
Kuwait 7,570.52 0.2 (0.2) (0.0) 0.3 132.93 116,794.4 17.0 1.2 3.8
Oman 6,798.16 (0.4) (1.8) (0.9) (0.5) 23.22 24,239.2 11.3 1.6 3.9
Bahrain 1,364.14 0.3 1.7 0.5 9.2 4.93 52,160.1 9.6 0.9 5.0
Source: Bloomberg, Qatar Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
11,880
11,900
11,920
11,940
11,960
11,980
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00

2. Page 2 of 5
Qatar Market Commentary
 The QE index rose 0.3% to close at 11,940.0. The Insurance 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.
 Qatar & Oman Investment Co. and Qatar National Cement Co.
were the top gainers, rising 7.4% and 7.0% respectively. Among
the top losers, Qatari Investors Group fell 2.1%, while Qatar
German Co for Med. Dev. declined 1.6%.
 Volume of shares traded on Wednesday fell by 15.3% to 19.5mn
from 23.0mn on Tuesday. However, as compared to the 30-day
moving average of 16.3mn, volume for the day was 19.4%
higher. Barwa Real Estate Co. and Mazaya Qatar Real Estate
Dev. were the most active stocks, contributing 13.6% and 12.7%
to the total volume respectively.
Source: Qatar Exchange (* as a % of traded value)
Ratings and Global Economic Data
Ratings Updates
Company Agency Market Type* Old Rating New Rating Rating Change Outlook Outlook Change
Takaful International
Co.
AM Best Bahrain FSR/ICR B++/bbb B++/bbb – Stable –
Source: News reports (* LT – Long Term, ST – Short Term, FSR- Financial Strength Rating, FCR – Foreign Credit Rating, LCR – Local Currency Rating, IDR – Issuer Default Rating, SR – Support Rating, LC –
Local Currency , ICR - Issuer Credit Rating)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
04/02 US MBA MBA Mortgage Applications 28-March -1.20% – -3.50%
04/02 US ADP ADP Employment Change March 191K 195K 178K
04/02 US NAPM ISM New York March 52.0 – 57.0
04/02 EU Eurostat PPI MoM February -0.20% 0.00% -0.40%
04/02 EU Eurostat PPI YoY February -1.70% -1.60% -1.40%
04/02 UK Nationwide Bldg.Society Nationwide House PX MoM March 0.40% 0.80% 0.70%
04/02 UK Nationwide Bldg.Society Nationwide House PX NSA YoY March 9.50% 9.70% 9.40%
04/02 Spain Spanish Labour Ministry Unemployment MoM Net ('000s) March -16.6 -14.5 -1.9
04/02 Japan Bank of Japan Monetary Base YoY March 54.80% – 55.70%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
 MDPS: Qatar’s labor force tops 1.5mn in 4Q2013 – According
to the Labor Force Sample Survey released by the Ministry of
Development Planning & Statistics (MDPS), the number of
economically active people in Qatar rose to 1.545mn in 4Q2013,
up from the 1.482mn registered in 3Q2013. Economic
dependency amounted to 32% in 4Q2013, marking a slight
decrease from the 34% recorded in 3Q2013. Qatar had a
working-age population (15 years+) of 1.8mn people in 4Q2013,
of which 1.4mn of them were males. The Qatari working-age
population was 181,000 individuals, comprising 10% of the total
working-age population. Of the 1.545mn economically active
people, 87% were males. The Qatari labour force had 96,000
economically active people, 67% of whom were males. The
labor force’s total economic participation was 88%, of which the
25-34 age group registered the highest participation rate at 93%,
while youth (15-24 years) participation was 73%. According to
the survey, the monthly average salary for the total working
population stood at QR10,000 for males, while it was QR8,000
for females. Unemployment among all individuals participating in
the labor force was just 0.2%, but among Qatari nationals, it was
1.5%. (Gulf-Times.com)
 Nick Cox-Johnson: MSCI upgrade to help Qatar lure more
liquidity, build capital markets – MSCI, the global listing body,
is set to upgrade the Qatar Exchange, the Dubai Financial
Market and the Abu Dhabi Securities Exchange to Emerging
Market status. Nick Cox-Johnson, Director MENA Investor
Relations at Citigate Dewe Rogerson stated that this is a
landmark event for the region and the continuing evolution of
these fast-growing stock exchanges. Cox-Johnson opined that
Qatar will certainly attract more liquidity and capital, which will
build the country’s capital markets, encourage further share
issues, and challenge companies to re-examine their corporate
governance. The perennial stumbling block to Qatar’s inclusion
in the MSCI Emerging Market index had been the low number of
shares in listed Qatari stocks that foreign investors could buy.
Although the foreign ownership limits in Qatar still remained low
by emerging market standards, MSCI welcomed the
commitment of Qatari authorities to increase these limits. (Gulf-
Times.com)
 QNFSP: Qatar aims to meet 40% food needs locally in 10
years – The Qatar National Food Security Programme’s
(QNFSP) Executive Chairman Fahad bin Mohamed al-Attiya
said that the country will be able to produce 40% of its
strategically-important food items locally within 10 years. Al-
Attiya said the first phase of the Qatar’s food security program
has already begun as outlined in the Qatar National Food
Security Plan. He said through better technology, crops and
Overall Activity Buy %* Sell %* Net (QR)
Qatari 64.93% 68.89% (31,540,248.84)
Non-Qatari 35.08% 31.11% 31,540,248.84

3. Page 3 of 5
farm practices, Qatar can produce five times more than the food
that is being produced currently, using the same amount of land
and one third of water used at present. (Gulf-Times.com)
 Qatar’s gas output crosses 7tn cubic feet in 2013 – HE the
Minister of Energy & Industry, Dr. Mohamed bin Saleh Al-Sada
said the liquefied natural gas production in Qatar exceeded 7tn
cubic feet in 2013. Al-Sada said this includes 77mn tons of LNG
exported to more than 25 countries, pipeline gas exports to the
UAE and Oman, and domestic consumption as well. He said as
the world’s largest LNG exporter, representing a quarter of
global LNG supplies, Qatar’s leading position in the global
energy market is set to remain for years to come. (Gulf-
Times.com)
 GECF: Natural gas to play key role in global energy mix –
The Gas Exporting Countries Forum’s (GECF) Secretary
General Dr. Seyed Mohamed Hossein Adeli said that natural
gas is expected to play a more prominent role in the years
ahead, not only because it is the cleanest fossil fuel but also due
to its abundance and availability. He said the major energy
challenge currently is how to meet the increasing global demand
for secure energy in the long-term, while serving the global
climate change efforts in tandem. The GECF expects the
demand for natural gas to increase at a rate of 2.5% over the
next two decades, which represents acceleration in the growth
rate witnessed over the last 22 years. (Gulf-Times.com)
 QIGD to disclose 1Q2014 results on April 10 – Qatari
Investors Group (QIGD) will disclose its 1Q2014 financial results
on April 10, 2014. (QE)
 DBIS' AGM approves BoD recommendations – Dlala
Brokerage and Investment Holding Company (DBIS) AGM has
approved the recommendations and suggestions from the board
of directors regarding profit, balance sheet among others. (QE)
 WDAM postpones its AGM to April 07, 2014 – Widam Food
Company (WDAM) announced that it has postponed the general
assembly meeting for the company (lack of the legal quorum for
the meeting). The meeting will now be held on April 07, 2014 at
the same time and place. (QE)
International
 BoE says interest rates may rise ahead of UK election – The
Bank of England (BoE) Governor Mark Carney said interest
rates could increase ahead of the next general election, but he
wants to see more jobs created in the North-East before he will
intervene. The Governor stated that an increase in interest rates
would be gradual even though Britain's economy is growing
faster than any other developed nation. However, Carney
accepted that an interest rate rise would be unpopular with
mortgage payers. (Reuters)
 China outlines measures to support growth – China outlined
a package of measures including railway spending and tax relief
to support the country’s economy and create jobs after a
slowdown threatened Premier Li Keqiang’s target of 7.5%
growth this year. The State Council said the government will sell
150bn yuan ($24bn) of bonds this year to help build railways in
the less-developed central and western regions. Authorities will
also create a development fund of 200-300bn yuan a year to
increase sources for rail financing. These measures expand on
the cabinet’s plans to speed up construction projects after
slowdowns in manufacturing, retail sales and investment pointed
to an unexpectedly weak growth. According to analysts
surveyed by Bloomberg, China’s economy grew 7.4% during
4Q2013, down from a previous median estimate of 7.6%.
(Bloomberg)
 IMF: Ukraine standoff may cloud global GDP outlook – The
IMF’s Managing Director Christine Lagarde said Russia’s
standoff with the US and the European Union over Ukraine
poses a threat to the global economy that is already too weak
for comfort. Rising geopolitical tensions, along with risks of
prolonged ultra-low inflation in advanced economies and
volatility in emerging markets, could cloud the world’s economic
outlook. Lagarde stated the situation in Ukraine could have
broader spillover implications, if not well managed. She said
resolving the tensions there and elsewhere requires not only
good policies, but good politics. Both are essential to enable the
global economy to move into a higher gear. (Bloomberg)
Regional
 UAE tops WEF MENA trade index report – According to the
Global Enabling Trade Report 2014 released by the World
Economic Forum (WEF), the UAE has been ranked first in the
MENA region and 16th internationally, climbing three places
from its ranking in 2012. The Emirates ranked first internationally
in terms of transport & communications infrastructure and 13th
globally among 135 countries in terms of the business
environment sub-index. (GulfBase.com)
 NCB to raise capital to SR20bn – The National Commercial
Bank (NCB) is planning to boost its capital by SR5bn to SR20bn
through the conversion of its retained earnings into capital. In
addition, one new bonus share will be issued for every three
existing NCB shares. The move will increase the bank’s shares
from 1.5 billion to 2 billion with a nominal value of SR10 per
share. Further, shareholders approved a dividend distribution of
SR1.9 per share for 2013. (GulfBase.com)
 KHC declares SR550.3mn dividends – The Kingdom Holding
Company’s (KHC) AGM has approved the distribution of
SR550.3mn quarterly dividends for 2013. The AGM further
approved to authorize the board of directors to distribute
quarterly dividends worth SR655.9mn for 2014. (GulfBase.com)
 SEC launches $2.5bn 2-part bond – The Saudi Electricity
Company (SEC) has set final terms on a $1.5bn 10-year sukuk
at a rate of 4% and on a $1bn 30-year note at 5.5%. This is at
the tight end of revised guidance of 4.125%, plus or minus
12.5bp, on the 10-year and 5.5%-5.625% on the 30-year, and
well inside IPTs of 4.25%-4.375% on the shorter tranche and
5.625%-5.75% on the longer. Allocations and pricing are
expected via DB, HSBC and JPM. (GulfBase.com)
 Tadawul deposits ACC’s bonus shares – The Saudi Stock
Exchange (Tadawul) announced the addition of the Arabian
Cement Company’s (ACC) bonus shares into its investors’
portfolios. Earlier, ACC’s EGM approved an increase in the
company’s capital via bonus shares. The fluctuation limits for the
company’s shares on April 2, 2014 will be based on a stock
price of SR64. (Tadawul)
 Tadawul deposits SAIB’s bonus shares – The Saudi Stock
Exchange (Tadawul) announced the addition of the Saudi
Investment Bank’s (SAIB) bonus shares into its investors’
portfolios. Earlier, SAIB’s EGM approved an increase in the
company’s capital via bonus shares. The fluctuation limits for
SAIB’s shares on April 2, 2014 will be based on a stock price of
SR28.30. (Tadawul)
 S&P: Lending volume to shore up Saudi banks’ profitability
– According to a report by Standard & Poor’s (S&P), lending
volume and higher fees are expected to be the main generators
of profitability for Saudi Arabian banks. The Saudi banking
system is expected to remain among the global top tier banks in
terms of profitability. The return on average assets is likely to
remain around current levels during 2014. (GulfBase.com)

4. Page 4 of 5
 NCB, SPCC sign SR700mn Islamic Tayseer financing deal –
The National Commercial Bank and the Southern Province
Cement Company (SPCC) have entered into a financing
agreement of Islamic Tayseer, amounting to SR700mn for a
period of five years. (Bloomberg)
 ACWA Power raises ownership in SqWEC – ACWA Power
announced that its fully owned subsidiary, Saudi Arabian Water
& Electricity Company (SAWEC) has acquired a 6% indirect
shareholding in Shuqaiq Water & Electricity Company (SqWEC)
from Mitsubishi Corporation of Japan. SqWEC owns an 850 MW
power plant and 212,000 cubic meters per day capacity water
desalination plant in Shuqaiq on the western shores of Saudi
Arabia. The project started commercial operations in May 2010.
(Bloomberg)
 RAK Ceramics to increase capacity in India, Bangladesh –
UAE-based Ras Al Khaimah Ceramics’ (RAK Ceramics) CEO,
Abdallah Massaad said that the company is planning to invest
$80mn in 2014 on plant expansions in India and Bangladesh as
well as technology upgrades at other plants. The company is
boosting the annual production in India to almost 800,000 pieces
of sanitary-ware from 300,000 currently to meet rising demand.
In Bangladesh, RAK Ceramics is planning to increase its annual
capacity by 3.5mn square meters of tiles and by 350,000 pieces
of sanitary-ware. (GulfBase.com)
 DCCI: Dubai traders have positive outlook for 2014 – A
survey by the Dubai Chamber of Commerce & Industry (DCCI)
has highlighted the growing expectations of Dubai traders on the
performance of the trade sector. The mean expectation rating
for 2014 rose to 6.5 points, higher by 0.5 points than that of
2013, which represents the highest ratio of positive expectations
over the past few years. The survey focused on top traders of
machinery, industry inputs, vehicles and household goods.
(GulfBase.com)
 Arabtec appoints CEOs for subsidiaries – Arabtec Holding
has appointed Dr. Nabil Ailabouni as the Chief Executive Officer
of Arabtec Construction replacing Sami Asad. Further, the
company has appointed Sami Asad as the CEO of its Egyptian
subsidiary, Arabtec Egypt for Real Estate Development. (DFM)
 Abu Dhabi refinery to switch to lowest-sulfur diesel –
According to sources, Abu Dhabi’s largest oil refinery is
preparing to boost production of the industry’s lowest-sulfur
diesel within three months as standards for the fuel rise. The
Emirate’s 400,000-bpd plant at Ruwais will produce diesel with
10 parts per million of sulfur by July 2014. The Abu Dhabi
National Oil Company (ADNOC) is in the process of adding
417,000 bpd refining capacity at Ruwais by August 2014 in an
expansion that will enable the plant to double its gasoline output
to meet rising domestic demand. The company is upgrading a
hydrotreating unit to produce the cleaner-burning diesel. Middle
Eastern oil-producing countries are expanding refining and
chemicals processing to cut reliance on crude exports. At the
same time, their plants need to improve the standards of the
fuels to meet European regulations and help curb air pollution
throughout the Gulf. (Gulf-Times.com)
 Etihad launches Jaipur–Abu Dhabi route – Etihad Airways
has launched daily flights between Jaipur and Abu Dhabi. With
the addition of Jaipur, Etihad now serves a total of 10 Indian
cities. The airline’s new daily service will be operated through an
Airbus A320 aircraft in a two-class configuration, featuring 16
Pearl Business Class seats and 120 Coral Economy Class
seats. (Bloomberg)
 Kuwaiti MPs approve bill to set up telecom regulator –
Kuwait's parliament has approved a bill to create an
independent telecommunication regulator, which should end a
conflict of interest as the Ministry of Communications currently
regulates the industry and operates the fixed-line network.
However, the new regulator's powers are not clear yet nor the
impact it might have on the country's four major ISPs or three
mobile operators, Zain, Viva and Wataniya. (GulfBase.com)
 Zain secures $250mn Murabaha facility – Mobile
Telecommunications Company (Zain Group) has secured a
$250mn four-year Murabaha facility from a syndicate of financial
institutions. These institutions include Kuwait-based Boubyan
Bank, Kuwait International Bank and Qatar Islamic Bank.
(GulfBase.com)
 OPWP: Power sector’s gas demand to reach 10 bcm by
2020 – According to Oman Power & Water Procurement
Company (OPWP), consumption of natural gas in the power
generation and water desalination sector in Oman is projected to
soar to around 10bn cubic meters (bcm) per year by 2020, up
from 6.7 bcm presently. The 32% growth in consumption
highlights the pivotal role of natural gas as the primary fuel
resource for electricity generation and water desalination in the
Main Interconnected System, which serves much of the northern
part of the Sultanate. Gas requirements in the Salalah System,
covering large swathes of Dhofar Governorate are anticipated to
reach 1.2 bcm by 2020, up from 0.72 bcm presently.
(GulfBase.com)
 CBO sets foreign exposure caps for banks – The Central
Bank of Oman (CBO) has set new caps on banks' credit
exposure to non-residents and funds placed abroad, giving
lenders six months to comply. The aggregate funded credit
exposures of all banks to non-resident borrowers other than
banks are capped at 20% of a bank's local net worth. The cap is
30% when non-resident borrowers such as banks are included.
A limit of 2.5% of total net worth has been set for each individual
non-resident borrower and 5% for each bank borrower.
(GulfBase.com)
 Bank Sohar declares 4% dividend – Bank Sohar’s AGM has
approved the board’s proposal for the distribution of 4% cash
dividend (4 baizas per share) for the year ended December 31,
2013. (GulfBase.com)
 Renaissance bags OMR37mn contract from health ministry
– The Contract Services arm of Renaissance Services has been
awarded an OMR37mn contract to provide catering, cleaning,
laundry and pest control services at 34 hospitals of the Ministry
of Health (MoH) in Oman. The contract is for three years and will
be operated by the firm's Omani unit, Tawoos Industrial
Services Co. The company previously operated almost 65% of
the services for MoH and this new award will take the figure to
over 85%. (Bloomberg)
 Batelco appoints new group CEO – Batelco Group has
appointed Alan Whelan as the Chief Executive Officer for the
Group. (Bahrain Bourse)

5. Contacts
Saugata Sarkar Keith Whitney Sahbi Kasraoui
Head of Research Head of Sales Manager - HNWI
Tel: (+974) 4476 6534 Tel: (+974) 4476 6533 Tel: (+974) 4476 6544
saugata.sarkar@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
DISCLAIMER: This publication has been prepared by QNB Financial Services SPC (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (“QNB”). QNBFS is regulated by the Qatar
Financial Markets Authority and the Qatar Exchange; QNB is regulated by the Qatar Central Bank. This publication expresses the views and opinions of QNBFS at a given time only. It is not an
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
investors to seek independent professional advice before making any investment decision. Although the information in this report has been obtained from sources that QNBFS believes to be
reliable, we have not independently verified such information and it may not be accurate or complete. While this publication has been prepared with the utmost degree of care by our analysts,
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COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS.
Page 5 of 5
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg
80.0
90.0
100.0
110.0
120.0
130.0
140.0
150.0
160.0
170.0
180.0
Jun-10 Jan-11 Aug-11 Mar-12 Oct-12 May-13 Dec-13
QE Index S&P Pan Arab S&P GCC
0.2% 0.3% 0.2% 0.3%
(0.4%)
0.0%
1.2%
(0.8%)
(0.4%)
0.0%
0.4%
0.8%
1.2%
1.6%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD%
Gold/Ounce 1,289.86 0.9 (0.4) 7.0 DJ Industrial 16,573.00 0.2 1.5 (0.0)
Silver/Ounce 19.98 1.1 0.8 2.6 S&P 500 1,890.90 0.3 1.8 2.3
Crude Oil (Brent)/Barrel (FM
Future)
104.79 (0.8) (3.0) (5.4) NASDAQ 100 4,276.46 0.2 2.9 2.4
Natural Gas (Henry
Hub)/MMBtu
4.35 (0.1) (3.1) 0.0 STOXX 600 336.93 0.2 0.9 2.6
LPG Propane (Arab Gulf)/Ton 105.00 (0.7) (1.2) (17.0) DAX 9,623.36 0.2 0.4 0.7
LPG Butane (Arab Gulf)/Ton 119.75 (0.8) (1.2) (11.8) FTSE 100 6,659.04 0.1 0.7 (1.3)
Euro 1.38 (0.2) 0.1 0.2 CAC 40 4,430.86 0.1 0.4 3.1
Yen 103.88 0.2 1.0 (1.4) Nikkei 14,946.32 1.0 1.7 (8.3)
GBP 1.66 (0.0) (0.1) 0.4 MSCI EM 1,004.97 0.4 2.0 0.2
CHF 1.13 (0.4) 0.0 0.7 SHANGHAI SE Composite 2,058.99 0.6 0.8 (2.7)
AUD 0.92 0.0 0.0 3.7 HANG SENG 22,523.94 0.3 2.1 (3.4)
USD Index 80.22 0.2 0.0 0.2 BSE SENSEX 22,551.49 0.5 0.9 6.5
RUB 35.42 1.0 (1.0) 7.8 Bovespa 51,701.05 2.8 3.9 0.4
BRL 0.44 (0.3) (0.3) 4.1 RTS 1,222.47 (1.1) 3.1 (15.3)
171.6
150.6
136.7