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25 February Daily market report
1. QE Intra-Day Movement
Market Indicators
11,920
11,900
11,880
24 Feb 14
%Chg.
722.6
623,820.6
13.2
5,065
39
12:25
598.6
625,256.2
13.4
5,623
38
13:20
20.7
(0.2)
(1.5)
(9.9)
2.6
–
Market Indices
11,860
11,840
9:30
25 Feb 14
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 declined 0.4% to close at 11,855.9. Losses were led by the
Transportation and Banking & Financial Services indices, declining 1.2% and
0.2% respectively. Top losers were Salam International Investment Co. and
Qatar Islamic Bank, falling 9.4% and 6.2% respectively. Among the top gainers,
Qatar Insurance Co. rose 2.4%, while Gulf Warehousing Co. gained 2.1%.
Close
Total Return
All Share Index
Banks
Industrials
Transportation
Real Estate
Insurance
Telecoms
Consumer
Al Rayan Islamic Index
1D%
WTD%
YTD%
TTM P/E
17,107.59
2,964.84
2,861.98
3,988.11
2,047.92
2,076.14
2,788.61
1,617.03
6,757.51
3,378.17
(0.1)
(0.0)
(0.2)
0.3
(1.2)
0.2
0.9
(0.1)
0.2
(0.4)
0.2
0.1
(0.0)
1.8
(2.7)
0.0
(2.9)
(0.7)
(0.4)
(0.2)
15.4
14.6
17.1
13.9
10.2
6.3
19.4
11.2
13.6
11.3
N/A
14.4
14.6
14.8
14.1
14.2
6.8
21.8
25.9
17.4
GCC Commentary
GCC Top Gainers##
Exchange
Close#
1D%
Saudi Arabia: The TASI index rose 0.1% to close at 9,061.9. Gains were led
by the Retail and Real Estate Development, rising 1.0% and 0.4%
respectively. Alkhaleej Training and Education Co. rose 9.7%, while Halwani
Bros was up 5.7%.
Gulf Pharma. Industry
Abu Dhabi
3.52
7.0
18.4
7.6
Aldar Properties
Abu Dhabi
3.40
6.3
62,434.6
23.2
RAKBANK
Abu Dhabi
8.28
6.0
772.5
16.0
Saudi Enaya Coop. Ins.
Saudi Arabia
44.90
4.7
5,700.1
11.4
Abdullah Al Othaim
Saudi Arabia
163.50
4.6
1,052.3
31.1
Dubai: The DFM index gained 1.8% to close at 4,196.9. The Real Estate &
Construction index rose 2.7%, while the Investment & Financial Services index
was up 2.3%. GGICO surged 15.0%, while Union Properties gained 5.0%.
Abu Dhabi: The ADX benchmark index rose 1.6% to close at 4,958.7. The
Real Estate index gained 6.0%, while the Investment & Financial Services
index was up 3.7%. Al Ain Al Ahlia Insurance Co. surged 14.9%, while Green
Crescent Insurance Co. gained 14.7%.
##
Vol. ‘000
YTD%
#
1D%
Vol. ‘000
9.00
(10.0)
2.4
4.7
10.1
GCC Top Losers
Exchange
Nat. Marine Dredging
Abu Dhabi
Kuwait: The KSE index was closed on February 25, 2014.
Qatar Islamic Bank
Qatar
76.00
(6.2)
187.1
Oman: The MSM index declined 0.1% to close at 7,100.7. Losses were led by
the Financial and Services indices, falling 0.2% and 0.1% respectively. Sweets
of Oman declined 9.4%, while Dhofar Cattle Feed was down 8.5%.
Kingdom Holding Co.
Saudi Arabia
22.45
(3.9)
1,664.7
(8.4)
Qatar Gen. Ins. & Rein.
Qatar
47.10
(3.8)
9.9
(1.7)
National Leasing
Qatar
29.45
(3.4)
407.0
(2.3)
Bahrain: The BHB index fell marginally to close at 1,386.5. The Investment
index declined 0.7%, while the Commercial Banking index was down 0.1%.
Arab Banking Corporation fell 2.6%, while Al Salam Bank was down 0.1%.
Qatar Insurance Co.
Close*
1D%
Vol. ‘000
YTD%
64.70
Qatar Exchange Top Gainers
2.4
189.7
21.6
Close
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%
Salam International Investment
12.69
(9.4)
739.4
(2.5)
76.00
(6.2)
187.1
10.1
Qatar Exchange Top Losers
Gulf Warehousing Co.
42.90
2.1
1.2
3.4
Qatar Islamic Bank
United Development Co.
22.87
1.4
1,363.6
1.1
Qatar General Ins. & Rein. Co.
47.10
(3.8)
9.9
(1.7)
Al Khaliji
20.78
1.4
43.7
4.0
National Leasing
29.45
(3.4)
407.0
(2.3)
Qatar Cinema & Film Dist. Co.
41.00
1.2
1.4
2.2
Qatar German Co. for Med. Dev.
13.70
(3.2)
18.9
(1.1)
Qatar Exchange Top Val. Trades
Close*
1D%
Val. ‘000
YTD%
Industries Qatar
198.10
0.6
160,198.8
17.3
75.30
(0.1)
111,563.3
6.4
Close*
1D%
Vol. ‘000
YTD%
Vodafone Qatar
12.19
(1.1)
2,036.3
13.8
Commercial Bank of Qatar
75.30
(0.1)
1,481.2
6.4
Commercial Bank of Qatar
United Development Co.
22.87
1.4
1,363.6
1.1
QNB Group
196.30
(0.1)
66,362.0
14.1
21.85
(2.2)
1,130.9
7.9
Doha Bank
67.00
0.0
35,298.9
15.1
198.10
0.6
812.1
17.3
Gulf International Services
89.00
1.1
33,692.9
45.9
Qatar Exchange Top Vol. Trades
Qatar Gas Transport Co.
Industries Qatar
Source: Bloomberg (* in QR)
Source: Bloomberg (* in QR)
Regional Indices
Qatar*
Dubai
Abu Dhabi
Saudi Arabia
Kuwait#
Oman
Bahrain
Close
1D%
WTD%
MTD%
YTD%
11,855.94
4,196.85
4,958.74
9,061.93
7,692.75
7,100.72
1,386.54
(0.4)
1.8
1.6
0.1
(0.5)
(0.1)
(0.0)
(0.1)
0.3
0.9
0.8
(0.6)
(0.9)
1.5
6.3
11.3
6.1
3.4
(0.8)
0.2
7.1
14.2
24.5
15.6
6.2
1.9
3.9
11.0
Exch. Val. Traded
($ mn)
198.44
637.10
184.24
2,328.77
93.35
27.68
5.70
Exchange Mkt.
Cap. ($ mn)
171,301.1
84,398.0
137,439.6
494,443.0
111,758.5
25,437.3
51,957.1
P/E**
P/B**
15.1
18.0
13.4
18.2
15.7
2.0
1.6
1.7
2.2
1.2
Dividend
Yield
3.9
1.9
3.6
3.3
3.7
11.0
9.7
1.6
0.9
3.6
3.5
Source: Bloomberg, Qatar Exchange, Tadawul, MSM, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any) (# Data as of February 24, 2014)
Page 1 of 5
2. Qatar Market Commentary
The QE index declined 0.4% to close at 11,855.9. The
Transportation and Banking & Financial Services indices led the
losses. The index rose on the back of buying support from nonQatari shareholders despite selling pressure from Qatari
shareholders.
Overall Activity
Buy %*
Sell %*
Net (QR)
Qatari
42.66%
51.09%
(60,971,128.63)
Non-Qatari
57.34%
48.91%
60,971,128.63
Source: Qatar Exchange (* as a % of traded value)
Salam International Investment Co. and Qatar Islamic Bank were
the top losers, falling 9.4% and 6.2% respectively. Among the
top gainers, Qatar Insurance Co. rose 2.4%, while Gulf
Warehousing Co. gained 2.1%.
Volume of shares traded on Tuesday fell by 1.5% to 13.2mn
from 13.4mn on Monday. However, as compared to the 30-day
moving average of 13.0mn, volume for the day was 2.1% higher.
Vodafone Qatar and Commercial Bank of Qatar were the most
active stocks, contributing 15.4% and 11.2% to the total volume
respectively.
Earnings and Global Economic Data
Earnings Releases
Company
Market
Astra Industrial Group *
Currency
Revenue
(mn) 4Q2013
–
% Change
YoY
–
Operating Profit
(mn) 4Q2013
% Change
YoY
Net Profit (mn)
4Q2013
% Change
YoY
Nass Corporation (NASS) *
Saudi Arabia
SR
683.8
10.7%
253.1
4.3%
Oman
Dhofar Poultry *
OMR
–
–
–
–
0.4
39.3%
Bahrain
BHD
80.2
-32.9%
–
–
4.1
2.9%
Source: Company data, DFM, ADX, MSM (*FY2013 Results)
Global Economic Data
Date
Market
Source
Indicator
Period
Actual
Consensus
Previous
02/25
US
FHFA
House Price Index MoM
December
0.80%
0.30%
-0.10%
02/25
US
FHFA
House Price Purchase Index QoQ
4Q2013
1.20%
1.00%
1.83%
02/25
US
S&P/Case-Shiller
S&P/CS 20 City MoM SA
December
0.76%
0.60%
0.88%
02/25
US
S&P/Case-Shiller
S&P/CS Composite-20 YoY
December
13.42%
13.40%
13.72%
02/25
US
S&P/Case-Shiller
S&P/CaseShiller Home Price Index
December
165.69
165.5
165.82
02/25
US
S&P/Case-Shiller
S&P/Case-Shiller US HPI NSA
4Q2013
150.39
–
150.88
02/25
US
S&P/Case-Shiller
S&P/Case-Shiller US HPI YoY
4Q2013
11.30%
–
11.15%
02/25
US
Conference Board
Consumer Confidence Index
February
78.1
80
79.4
02/25
US
Richmond Fed
Richmond Fed Manufact. Index
February
-6
5
12
02/25
France
INSEE
Production Outlook Indicator
February
-6
-7
-4
02/25
France
INSEE
Manufacturing Confidence
February
100
100
100
02/25
France
INSEE
Business Confidence
February
94
95
94
02/25
Germany
Destatis
GDP SA QoQ
4Q2013
0.40%
0.40%
0.30%
02/25
Germany
Destatis
GDP WDA YoY
4Q2013
1.40%
1.40%
0.60%
02/25
Germany
Destatis
GDP NSA YoY
4Q2013
1.30%
1.30%
1.10%
02/25
Germany
Destatis
Government Spending QoQ
4Q2013
0.00%
0.20%
1.20%
02/25
Germany
Destatis
Capital Investment QoQ
4Q2013
1.40%
0.80%
1.30%
02/25
Germany
Destatis
Construction Investment QoQ
4Q2013
1.40%
0.80%
2.10%
02/25
Germany
Destatis
Domestic Demand QoQ
4Q2013
-0.70%
0.20%
0.60%
02/25
Germany
Destatis
Exports QoQ
4Q2013
2.60%
1.70%
0.20%
02/25
Germany
Destatis
Imports QoQ
4Q2013
0.60%
1.30%
0.80%
02/25
UK
BBA
BBA Loans for House Purchase
January
49972
47150
47086
02/25
Spain
INE
PPI MoM
January
-1.30%
–
1.10%
02/25
Spain
INE
PPI YoY
January
-1.80%
–
0.60%
02/25
Italy
ISTAT
Retail Sales MoM
December
-0.30%
0.00%
0.00%
02/25
Italy
ISTAT
Retail Sales YoY
December
-2.60%
0.20%
0.20%
02/25
Italy
ISTAT
Consumer Confidence Index
February
97.5
98.5
98
02/25
Japan
Shoko Chukin Bank
Small Business Confidence
February
50.6
–
51.3
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Page 2 of 5
3. Qatar
MPHC to debut on QE today – The Qatar Exchange (QE) will
list Mesaieed Petrochemical Holding Company (MPHC) – a unit
of Qatar Petroleum (QP) – on February 26, 2014. The share will
be listed in the Industrial sector with a symbol „MPHC‟. With the
listing of MPHC, the total number of listed companies on QE will
rise to 43. The bourse has asked brokers and investors not to
place unpriced orders in the trading system during the preopening of MPHC, from 8.30am to 9.30am, on its first day of
trading. However, this limitation only applies to MPHC on its first
day of trading. (Peninsula Qatar)
Ooredoo to go for $1bn refinancing loan – According to
sources, Ooredoo has approached banks for a syndicated loan
of up to $1bn that will refinance its existing debt. The telecom
company has sent out a request for proposals to 15 banks last
week and awaits responses this week. The deal is expected to
have a five-year maturity. Ooredoo‟s last loan was a $1bn, fouryear facility that was signed with 14 international lenders in April
2013. That deal paid an interest margin of 85 basis points over
Libor. (Peninsula Qatar)
Ahlibank Qatar to venture into bancassurance – Ahlibank
Qatar is all set to venture into the bancassurance segment as
part of its strategy to boost fee-based income and diversify its
income sources. The bank has lined up programs to develop the
private investment and property sector in the UK, and has kept
options open on tapping Islamic debt, but ruled out mergers &
acquisitions. The bank‟s shareholders agreed to the board‟s
proposal to foray into bancassurance, which is slated to be one
of the fastest growing distribution channels of insurance in the
Gulf region over the next two years. In its GCC Insurance
Industry report, Alpen Capital said the regional insurance sector
will expand at 18.7% annually during 2012-2017, while
economic development, population expansion and an improved
regulatory environment will encourage bancassurance providers
to step in and capitalize on growing opportunities. (GulfTimes.com)
QInvest earns 40% higher revenue in 2013 – Qatar-based
investment bank QInvest reported a significant increase in
revenue of 40%, a reduction in costs of 30% and an increase of
$60mn in net profit in 2013. Last year also saw significant capital
deployment by the company across various financing and real
estate transactions. QInvest‟s balance sheet risk was
significantly reduced with a collection of outstanding receivables
and a reduction of foreign currency exposure. (Bloomberg)
Trading suspension in QIGD’s shares on February 26 – The
Qatar Exchange (QE) announced a suspension in the trading of
Qatari Investors Group‟s (QIGD) shares on February 26, 2014
due to the company‟s AGM being held on that day. (QE)
QA eyes deeper ties with Oneworld partners, signs deal
with Cathay Pacific – Qatar Airways (QA) is open to revenuesharing partnerships with other airlines that are part of the
Oneworld global airline alliance. QA‟s CEO Akbar Al Baker said
the airline is in talks with British Airways – one of the founding
members of the Oneworld alliance – on a codesharing
agreement through which the airlines would share some of their
flights and open up to stronger partnerships in the future. Cathay
Pacific Airways and QA, members of Oneworld alliance,
announced a strategic agreement on services operated by them
between Hong Kong and Doha, effective from March 30. Both
airlines will operate one flight between Hong Kong and Doha
daily, offering premium products and services to travelers to and
from both cities (Reuters, Peninsula Qatar)
International
IMF finds G20 policy makers on right track for growth – The
International Monetary Fund‟s (IMF) Managing Director Christine
Lagarde said that the recent meeting of the Group of 20
countries convinced her that policy makers are working in the
right direction to boost growth. Finance chiefs and central
bankers from the world‟s largest economies pledged to maintain
accommodative policies and pay heed to international
repercussions of their actions. G20 will also aim to lift the
collective GDP by more than 2% above the trajectory implied by
current policies over the coming five years. Lagarde said that
policy makers are broadly on the right track despite many risks
that could undermine the recovery. Lagarde added that
insufficient employment and rising inequality could have harmful
effects by undermining economic, social and political stability.
With more than 200 million people without jobs currently,
Lagarde said the total number of unemployed people formed the
fifth largest country in the world. (Bloomberg)
EC: Italy, France to lag Germany in Eurozone recovery –
The European Commission (EC) stated that Germany is set to
accelerate away from France and Italy in 2014 as the
fragmented Eurozone economy gradually recovers from its
worst crisis. In a departure from the gloom of recent years, EC
slightly increased its growth prediction for the €9tn economy to
1.2% in 2014 from an earlier 1.1%, which is mainly boosted by
an expected 1.8% jump in the Eurozone's biggest economy,
Germany. These statistics also clearly emphasized the
challenges facing Italy in turning around the bloc's third-largest
economy. The commission predicts meager growth of 0.6% for
Italy this year. Meanwhile, the second largest economy France
is expected to grow 1% in 2014. (Reuters)
China faces major restructuring due to $12tn corporate debt
– Corporate debt in China has hit record levels and is likely to
trigger a wave of domestic restructuring and defaults, as credit
repayment problems increase steadily. According to S&P,
Chinese non-financial companies together held a total
outstanding bank borrowing and bond debt of about $12tn at the
end of 2013 – equal to over 120% of the country‟s GDP. Growth
in the Chinese corporate debt has been unprecedented. A
Thomson Reuters analysis of 945 listed non-financial firms
showed that the total debt soared by 260%, from 1.82tn yuan to
4.74tn yuan, between December 2008 and September 2013.
(Reuters)
Regional
SAAC signs technical service deal with Newrest, renews
contract with Saudia – Saudi Arabian Airlines Catering
Company‟s (SAAC) board has signed a technical service
agreement with Newrest Holding Group, which is valid until
December 31, 2016. As per this agreement, Newrest will provide
technical & operational support for the company's activities,
specifically by improving the revenues, profitability, quality and
recourses, as well as help in expanding into new activities in the
future. The fee of the contract is dependent on Newrest
achieving the financial and productivity goals for SAAC in each
business sector individually. Meanwhile, SAAC has extended its
existing catering contract with the Saudi Arabian Airlines
(Saudia). The contract has been renewed for five years starting
from January 1, 2015 till December 31, 2019. The value of the
contract depends on the variety of services as well as the
number of meals provided. SAAC is expected to benefit from the
ongoing expansion of Saudia‟s fleet, which will lead to an
increase in the number of flights as well as an increase in the
number of passengers. (Tadawul)
Page 3 of 5
4. Al-Khodari Sons wins SR145.9mn city cleaning contract for
Hafr Al Batin – Abdullah A. M. Al-Khodari Sons Company has
been awarded a contract from the Ministry of Municipal & Rural
Affairs for city cleaning of the Municipality of Hafr Al Batin for a
period of 1,825 days. A further announcement will be after
signing the contract worth SR145.9mn, which would indicate the
expected start of the financial impact. (Tadawul)
Saudi firm plans $100mn resort in Maldives – Saudi-based
Best Choice Real Estate Development plans to develop a tourist
property worth $100mn in Maldives, which promises to offer
lucrative investment opportunities for Saudi investors. The
company plans to build a tourist resort in Vadinolhu Island,
located in Laamu Atoll in Maldives, which will be ready in 2017.
The premium resort will feature 100 beach villas, including water
bungalows and luxury suites. (GulfBase.com)
Nass declares 15 fils cash dividend – Nass Corporation‟s
(NASS) board of directors has recommended a cash dividend of
15 fils per share to its shareholders registered on the date of the
AGM. (Bahrain Bourse)
TIC declares 5% cash dividend – Takaful International
Company‟s (TIC) board of directors has recommended a cash
dividend of 5 fils per share, representing 5% of the company‟s
total capital to its shareholders registered on the date of the
AGM. (Bahrain Bourse)
Deyaar registers robust growth in its property portfolio –
Deyaar Development announced the addition of 2,600 new
properties to its property portfolio in 2013, bringing the total tally
to 20,369 units. A majority of the new contracts has been
secured in Abu Dhabi, Dubai, Sharjah and Ajman, while growing
interest of landlords in Al Ain, Ras Al Khaimah and Fujairah
areas has also contributed to the upturn in Deyaar‟s portfolio.
The rental earnings from these properties have crossed over
AED650mn in 2013. (DFM)
EIB appoints new CFO, investment head – Emirates
Investment Bank (EIB) has appointed Gaurav Agarwal as its
Chief Finance Officer and Biswajit Dasgupta as its Chief
Investment Officer–Treasury. (GulfBase.com)
Royal Jet to spend AED2.57bn for aircraft in 2Q2014 – Royal
Jet‟s President & CEO Shane O‟Hare said that the airline will
announce its AED2.57bn purchase order of seven new aircraft
in 2Q2014. The company announced the tender at the 2013
Dubai Airshow to replace its six Boeing business jets, two shortrange Gulfstream G350s and a medium range Learjet 60.
(Bloomberg)
Centurion plans IPO for CSEH – According to sources, Abu
Dhabi-based Centurion Investment is planning an IPO of
healthcare provider, CosmeSurge & Emirates Hospital Clinics
(CSEH). Centurion is seeking to list CSEH on the Dubai
Financial Market as soon as possible. Emirates NBD is the
adviser on the stake sale, from which Centurion plans to raise
as much as $500mn. Last month, Centurion had acquired CSEH
as part of its purchase of the healthcare group, CSH
Investments for an undisclosed amount. (Bloomberg)
Markaz posts KD7.46mn net profit – The Kuwait Financial
Centre (Markaz) announced a net profit of KD7.46mn for 2013
as compared to a net profit of KD4.04mn in 2012. EPS
amounted to 13 fils in 2013 vs. 8 fils during 2012. Meanwhile,
the company‟s board of directors recommended distribution of a
cash dividend of 10 fils per share to its shareholders registered
on the date of the general assembly. (Gulfbase.com)
Haya Water to manage wastewater infrastructure in Oman–
Oman Wastewater Services Company (Haya Water) has been
given the approval to operate and manage the Sultanate‟s
sewage treatment infrastructure in a major expansion of the
utility‟s capacity. All 57 STPs currently under the jurisdiction of
the Ministry of Regional Municipalities & Water Resources will
revert to Haya Water‟s control tentatively by the end of this year.
Haya Water‟s General Manager–Project Said al Asmi said the
company recently received the government‟s nod to expand its
footprint beyond Muscat Governorate as well, paving the way for
the takeover of existing wastewater treatment assets across
Oman, except for those in Sohar and Salalah. (Bloomberg)
Page 4 of 5
5. Rebased Performance
Daily Index Performance
180.0
170.0
160.0
150.0
140.0
130.0
120.0
110.0
100.0
90.0
80.0
144.4
131.6
1.8%
1.6%
1.6%
1.2%
0.8%
0.4%
0.1%
0.0%
0.0%
(0.0%) (0.1%)
(0.4%)
S&P Pan Arab
Dec-13
S&P GCC
Source: Bloomberg
Asset/Currency Performance
Gold/Ounce
Silver/Ounce
Crude Oil (Brent)/Barrel (FM
Future)
Natural Gas (Henry
Hub)/MMBtu
North American Spot LPG
Propane Price
North American Spot LPG
Normal Butane Price
Euro
Source: Bloomberg, (*Market Closed on February 25, 2014)
Close ($)
1D%
WTD%
YTD%
Global Indices Performance
Close
1D%
WTD%
YTD%
1,340.64
0.3
1.2
11.2
DJ Industrial
16,179.66
(0.2)
0.5
(2.4)
21.86
(0.5)
0.0
12.3
S&P 500
1,845.12
(0.1)
0.5
(0.2)
109.51
(1.0)
(0.3)
(1.2)
NASDAQ 100
4,287.59
(0.1)
0.6
2.7
5.22
(16.1)
(16.0)
20.2
STOXX 600
338.39
0.1
0.7
3.1
121.25
(6.0)
(10.4)
(4.2)
DAX
9,699.35
(0.1)
0.4
1.5
123.00
(1.0)
(4.3)
(9.4)
FTSE 100
6,830.50
(0.5)
(0.1)
1.2
1.37
0.1
(0.0)
0.0
102.24
(0.3)
(0.3)
(2.9)
GBP
1.67
0.2
0.4
0.7
MSCI EM
CHF
1.13
0.2
0.1
0.7
SHANGHAI SE Composite
AUD
0.90
(0.2)
0.5
1.1
USD Index
80.14
(0.1)
(0.1)
RUB
35.67
0.6
0.4
BRL*
0.43
0.0
0.2
0.9
Yen
Dubai
May-13
Oman
Oct-12
Abu Dhabi
QE Index
Mar-12
Bahrain
Aug-11
Kuwait *
Jan-11
(0.4%)
Qatar
(0.8%)
Saudi Arabia
Jun-10
2.0%
170.4
CAC 40
Nikkei
4,414.55
(0.1)
0.8
2.8
15,051.60
1.4
1.3
(7.6)
955.54
(0.3)
(0.4)
(4.7)
2,034.22
(2.0)
(3.8)
(3.9)
HANG SENG
22,317.20
(0.3)
(1.1)
(4.2)
0.1
BSE SENSEX
20,852.47
0.2
0.7
(1.5)
8.5
Bovespa
46,715.91
(1.4)
(1.4)
(9.3)
1,306.37
(1.0)
(0.7)
(9.5)
Source: Bloomberg (*Market closed on February 25, 2014)
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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