1. QE Intra-Day Movement
Market Indicators
11,260
11,240
11,220
11,200
Market Indices
11,180
11,160
9:30
28 Jan 14
451.1
590,492.5
7.7
4,347
39
19:16
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 0.7% to close at 11,170.3. Losses were led by the
Telecoms and Banking & Financial Services indices, declining 3.5% and 0.8%
respectively. Top losers were Ooredoo and Mannai Corp., falling 4.2% and
2.7% respectively. Among the top gainers, Qatar German Co. for Med. Dev.
rose 1.8%, while Doha Insurance Co. gained 1.6%.
27 Jan 14
525.3
594,781.4
8.7
5,567
41
8:29
%Chg.
(14.1)
(0.7)
(11.1)
(21.9)
(4.9)
–
Close
Total Return
All Share Index
Banks
Industrials
Transportation
Real Estate
Insurance
Telecoms
Consumer
Al Rayan Islamic Index
1D%
WTD%
YTD%
TTM P/E
15,959.73
2,761.10
2,624.48
3,741.72
1,942.97
2,036.96
2,574.11
1,578.08
6,036.15
3,220.96
(0.7)
(0.6)
(0.8)
0.1
(0.3)
(0.1)
0.9
(3.5)
0.3
0.1
(1.5)
(1.4)
(2.2)
0.3
(1.0)
(1.5)
1.7
(4.8)
(0.5)
(0.8)
7.6
6.7
7.4
6.9
4.6
4.3
10.2
8.5
1.5
6.1
N/A
13.7
13.3
13.6
13.1
14.0
10.3
21.5
22.9
16.5
GCC Commentary
GCC Top Gainers##
Exchange
Close#
Saudi Arabia: The TASI index rose marginally to close at 8,656.1. Gains were
led by the Media & Pub. and Retail indices, rising 1.3% and 0.9% respectively.
Bupa Arabia rose 6.6%, while Alkhaleej Training & Education was up 4.2%.
Emaar Properties
1D%
Dubai
8.24
6.3
36,525.6
7.9
Dubai Islamic Bank
Dubai
6.16
6.2
25,444.1
14.9
Dubai: The DFM index gained 3.2% to close at 3,805.2. The Insurance index
rose 4.9%, while the Banking index was up 3.7%. National Industries Group
surged 14.5%, while Islamic Arab Insurance gained 10.4%.
Investbank
Abu Dhabi
3.50
6.1
3,296.3
30.1
RAKBANK
Abu Dhabi
8.00
4.6
333.7
12.0
Abu Dhabi: The ADX benchmark index rose 1.3% to close at 4,585.8. The
Inv. & Fin. Ser. index gained 8.9%, while the Real Estate index was up 2.5%.
Abu Dhabi Ship Build. surged 14.9%, while Abu Dhabi Aviation gained 13.6%.
Nat. Mobile Telecom.
Kuwait
1.84
4.5
20.1
4.5
GCC Top Losers
Exchange
Close
1D% Vol. ‘000
Kuwait: The KSE index declined 0.4% to close at 7,749.5. The Parallel Market
index fell 1.0%, while the Real Estate index was down 0.7%. Future Kid Enter.
& Real Estate fell 8.3%, while Investors Holding Group was down 8.2%.
Ooredoo
Qatar
149.40
(4.2)
422.6
8.9
Abu Dhabi Nat. Hotels
Abu Dhabi
3.40
(4.2)
914.3
9.7
Oman: The MSM index fell 0.1% to close at 7,148.2. The Services Index
declined 0.3%, while all other sub indices ended in green. Oman Chromite fell
6.7%, while Oman Textile Holding was down 3.5%.
Mannai Corp.
Qatar
101.00
(2.7)
0.6
12.3
Saudi Investment Bank
Saudi Arabia
28.10
(2.1)
760.1
(2.1)
Yanbu Nat. Petrochem.
Saudi Arabia
73.75
(2.0)
489.2
0.0
Bahrain: The BHB index gained 0.5% to close at 1,277.8. The Investment
index rose 1.0%, while the Services index was up 0.5%. Gulf Finance House
gained 6.7%, while Bahrain Duty Free Shop Complex was up 5.3%.
Qatar Exchange Top Gainers
Qatar German Co. for Med. Dev.
Close*
1D%
Vol. ‘000
YTD%
14.20
1.8
21.0
2.5
##
#
Vol. ‘000
YTD%
YTD%
Source: Bloomberg (# in Local Currency) (## GCC Top gainers/losers derived from the Bloomberg GCC
200 Index comprising of the top 200 regional equities based on market capitalization and liquidity)
Qatar Exchange Top Losers
Close*
1D%
Vol. ‘000
Ooredoo
149.40
(4.2)
422.6
8.9
Mannai Corp.
101.00
(2.7)
0.6
12.3
Doha Insurance Co.
31.00
1.6
81.7
24.0
Qatar Islamic Insurance
63.00
1.6
3.6
8.8
Islamic Holding Group
Vodafone Qatar
11.41
1.2
1,242.9
6.5
QNB Group
Qatar Insurance Co.
76.40
1.1
71.8
14.9
YTD%
45.65
Dlala Brok. & Inv. Holding Co.
(1.6)
248.9
(0.8)
183.00
(1.6)
179.0
6.4
22.50
(1.3)
13.1
1.8
Close*
1D%
Vol. ‘000
YTD%
Qatar Exchange Top Val. Trades
Close*
1D%
Val. ‘000
YTD%
Vodafone Qatar
11.41
1.2
1,242.9
6.5
Industries Qatar
181.20
0.2
90,717.0
7.3
Masraf Al Rayan
34.35
(0.3)
1,007.2
9.7
Ooredoo
149.40
(4.2)
63,851.7
8.9
Commercial Bank of Qatar
71.50
(1.2)
618.2
1.0
Commercial Bank of Qatar
71.50
(1.2)
44,632.8
1.0
181.20
0.2
498.4
7.3
Masraf Al Rayan
34.35
(0.3)
34,659.1
9.7
20.90
(0.1)
456.2
3.2
QNB Group
183.00
(1.6)
33,025.7
6.4
Qatar Exchange Top Vol. Trades
Industries Qatar
Qatar Gas Transport Co.
Source: Bloomberg (* in QR)
Source: Bloomberg (* in QR)
Regional Indices
Qatar*
Dubai
Abu Dhabi
Saudi Arabia
Kuwait
Oman
Bahrain
Close
1D%
WTD%
MTD%
YTD%
11,170.25
3,805.16
4,585.81
8,656.11
7,749.49
7,148.21
1,277.78
(0.7)
3.2
1.3
0.0
(0.4)
(0.1)
0.5
(1.5)
(0.4)
(1.5)
(1.3)
(0.4)
(0.7)
0.1
7.6
12.9
6.9
1.4
2.6
4.6
2.3
7.6
12.9
6.9
1.4
2.6
4.6
2.3
Exch. Val. Traded
($ mn)
123.86
430.69
248.51
1,567.53
161.09
52.35
0.65
Exchange Mkt.
Cap. ($ mn)
162,149.2
76,862.0
129,351.4
474,864.9
109,990.6
25,564.3
50,225.0
P/E**
P/B**
14.0
21.1
12.7
17.3
17.1
11.4
8.4
1.9
1.4
1.6
2.2
1.2
1.7
0.9
Dividend
Yield
4.1
2.3
3.9
3.4
3.6
3.6
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 declined 0.7% to close at 11,170.3. The Telecoms
and Banking & Financial Services indices led the losses. The
index declined on the back of selling pressure from non-Qatari
shareholders despite buying support from Qatari shareholders.
Overall Activity
Sell %*
Net (QR)
Qatari
49.19%
48.24%
4,313,187.38
Non-Qatari
 Ooredoo and Mannai Corp. were the top losers, falling 4.2% and
2.7% respectively. Among the top gainers, Qatar German Co. for
Med. Dev. rose 1.8%, while Doha Insurance Co. gained 1.6%.
Buy %*
50.81%
51.76%
(4,313,187.38)
Source: Qatar Exchange (* as a % of traded value)
 Volume of shares traded on Tuesday fell by 11.1% to 7.7mn
from 8.7mn on Monday. Further, as compared to the 30-day
moving average of 10.5mn, volume for the day was 26.1% lower.
Vodafone Qatar and Masraf Al Rayan were the most active
stocks, contributing 16.0% and 13.0% to the total volume
respectively.
Earnings and Global Economic Data
Earnings Releases
Company
Market
Currency
Revenue
(mn) 4Q2013
% Change
YoY
Operating Profit
(mn) 4Q2013
% Change
YoY
Net Profit (mn)
4Q2013
% Change
YoY
Abu Dhabi
AED
516.5
11.8%
–
–
42.2
-16.1%
Al Mazaya Holding Co.*
Al Maha Petroleum Products
Mar *
Shell Oman Marketing Co. *
Kuwait
AED
336.1
NA
–
–
77.6
1942.1%
Oman
OMR
318.5
4.5%
–
–
10.4
3.5%
Oman
OMR
430.6
6.7%
–
–
12.1
-1.6%
Oman Chromite *
Dhofar Beverages Food
Stuff *
Bahrain
Telecommunications Co.
(Batelco) *
Oman
OMR
2.2
9.9%
–
–
0.6
175.9%
Oman
OMR
4.5
3.7%
–
–
0.2
30.1%
Bahrain
BHD
370.6
21.6%
–
–
43.6
-27.7%
Al Ain Ahlia Insurance Co.*
Source: Company data, DFM, ADX, MSM (*FY2013 results)
Global Economic Data
Date
Market
Source
Indicator
Period
Actual
Consensus
Previous
01/28
US
US Census Bureau
Durable Goods Orders
December
-4.30%
1.80%
2.60%
01/28
US
S&P/Case-Shiller
S&P/CS 20 City MoM SA
November
0.88%
0.80%
1.05%
01/28
US
S&P/Case-Shiller
S&P/CS Composite-20 YoY
November
13.71%
13.80%
13.61%
01/28
US
S&P/Case-Shiller
S&P/CaseShiller Home Price Index
November
165.8
165.72
165.9
01/28
US
Conference Board
Consumer Confidence Index
January
80.7
78.0
77.5
01/28
US
Richmond Fed
Richmond Fed Manufact. Index
January
12
13
13
01/28
France
INSEE
Consumer Confidence
January
86
85
85
01/28
Germany
Destatis
Import Price Index MoM
December
0.00%
0.20%
0.10%
01/28
Germany
Destatis
Import Price Index YoY
December
-2.30%
-2.20%
-2.90%
01/28
UK
ONS
GDP QoQ
4Q2013
0.70%
0.70%
0.80%
01/28
UK
ONS
GDP YoY
4Q2013
2.80%
2.80%
1.90%
01/28
UK
ONS
Index of Services MoM
November
0.40%
0.30%
0.10%
01/28
UK
ONS
Index of Services 3M/3M
November
0.80%
0.70%
0.80%
01/28
Spain
INE
Total Mortgage Lending YoY
November
-26.90%
–
-15.50%
01/28
Spain
INE
House Mortgage Approvals YoY
November
-27.40%
–
-23.20%
01/28
Italy
ISTAT
Consumer Confidence Index
January
98.0
96.7
96.4
01/28
China
NBS
Industrial Profits YTD YoY
December
12.20%
–
13.20%
01/28
China
NBS
Leading Index
December
99.48
–
99.46
01/28
Japan
Shoko Chukin Bank
Small Business Confidence
January
51.3
–
51.1
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
Page 2 of 5

3. News
Qatar
 S&P: Lending growth in Qatar banks to recover in 2014 –
Standard & Poor’s expects lending growth in Qatar’s banking
industry to pick-up this year on the back of accelerated
infrastructure projects. S&P’s report stated that some projects in
Qatar faced administrative delays last year, but as they
accelerate in 2014, credit growth is expected to make a
commensurate recovery. Meanwhile, according to MEED, a
major overhaul of roads and highways is also under way with
Qatar’s Public Works Authority awarding seven contracts worth
QR10.1bn for a series of road projects across the country last
week. Two major contracts valued at $3bn are expected to be
awarded for the tunneling works for the Blue and Gold Lines of
the Doha Metro are expected. The award for the Gold Line is
expected in the first-quarter and the Blue Line around mid-year.
(Gulf-Times.com)
 ABQK to rebalance its financing for retail thrust – Ahli Bank
(ABQK) is in the process of restructuring its retail segment and
rationalizing the branch network. Ahli Bank’s Deputy CEO for
Retail Banking Andrew Mckechnie said the bank is
contemplating recapitalizing as well as prospecting for premium
services. (Gulf-Times.com)
 GDI, Oxy Qatar sign QR830mn rig deal – Gulf Drilling
International (GDI) has signed a new five-year contract worth
QR830mn with Occidental Petroleum of Qatar (Oxy Qatar). The
contract is for utilizing the jack-up drilling rig “Al Wajba”, which
will take effect on January 1, 2015 when the current contract
expires. (Gulf-Times.com)
 QInvest, NBO to support sukuk issuance in Oman – QInvest
and the National Bank of Oman (NBO) will together support
local Omani entities by providing advisory and other solutions in
relation to sukuk issuance in that country. (Gulf-Times.com)
 DOHI to hold AGM & EGM on February 17 – Doha Insurance
Company (DOHI) announced that its AGM and EGM are
scheduled to be held on February 17, 2014 at La Cigale Hotel.
In case of lack of quorum, the second meeting will be held on
February 23, 2014. The AGM’s agenda includes the board’s
proposal to distribute cash dividends of 20% from the share par
value, i.e. QR2.00 for each share to its shareholders. The
EGM’s agenda includes increasing the company’s capital by
(94.25%) from QR257mn to QR500mn by issuing 24.26mn
additional shares, constituting 9 shares for each 10 shares of
QR10 for each (nominal value) plus a premium of QR8 for each
share provided that priority is given to the owner of the share on
February 17, 2014. (QE)
gas liquids, LNG, gas-to-liquids products, and in gas cleanup in
upstream petrochemical/fertilizer manufacturing plants. (GulfTimes.com)
 Contract awarded for Doha Festival City mall – The QR6bn
Doha Festival City has appointed the joint venture of Gulf
Contracting Company–Alec Qatar as the contractor to
commence foundation construction for the mall. Scheduled for
an opening in 3Q2016, the mall will be house over 550 outlets,
including many international brands that are making their debut
in Qatar. (Gulf-Times.com)
International
 UK economy grows at fastest rate in six years in 2013 –
Britain's economy grew at its fastest rate in 2013 since the
global financial crisis. The UK’s Office for National Statistics said
barring construction and oil & gas extraction, all major sectors of
the country’s economy expanded in the final three months of
2013, concluding its best showing since 2007. The economy
grew 0.7% QoQ from October through December, in line with
forecasts. Growth for the full year rose to 1.9%. (Reuters)
 Spain upgrades 2014 outlook, sees jobs growth – Spain has
predicted a faster-than-expected economic recovery and a net
job growth in 2014 as it emerges from five years of recession
with a 26% unemployment rate. Economy Minister Luis de
Guindos said Spain’s battered economy would generate jobs
growth next year, a first since a decade-long property bubble
imploded in 2008, ushering in a double-dip recession. De
Guindos said that in 2014, the Spanish economy will not only
grow, but it will also create jobs. He expects the country’s
economy to expand by about 1% in 2014, compared to an
official growth forecast of 0.7%. (Reuters)
 India raises rates, says further tightening unlikely – India
has raised interest rates to dampen inflation, saying it is now
better prepared to deal with the risk of major capital outflows
that could harm emerging economies. However, the Reserve
Bank of India said that if retail inflation eases as projected, it
does not foresee further near-term monetary policy tightening.
The RBI raised its policy repo rate by 25 basis-points to 8%
amid market worries over slowing growth in China and the
prospect of further tapering of the US stimulus. (Reuters)
Regional
 ORDS’s BoD to meet on March 4 – Ooredoo’s (ORDS) board
of directors will meet on March 4, 2014 to discuss the
company’s financial results ending on December 31, 2013. (QE)
 S&P: GCC banks unaffected by US policy due to healthy
funding profiles – Standard & Poor's (S&P) considers banks in
GCC countries well positioned in a scenario where the US
moves to gradually normalize its monetary policy. S&P expects
the region's healthy economic growth prospects for 2014,
supported by high oil prices, to keep demand for bank credit
high and enable local banks to increase their earnings. In S&P’s
view, most banks in the key banking markets in the Gulf region
are likely to have healthy funding profiles with high-quality
capital in 2014. This will enable them to maintain their healthy
credit growth funded by liquid local deposit markets. Although
low interest rates continue to limit Gulf banks' net interest
margins, most banks have seen a gradual decline in loan
losses. S&P expect this to continue to support earnings growth
in 2014, but by less than in previous years. (GulfBase.com)
 QP, Honeywell unit in research deal on gas purification –
Qatar Petroleum (QP) and UOP, a Honeywell company, have
signed a joint research agreement on Process Optimization of
carbon dioxide and sulfur components removal from natural
gases. The research’s primary aim is to efficiently utilize the
treated natural gases in further processing operations such as
transporting natural gas in pipelines, production of LPG, natural
 Mauritania projects get $856mn investments from Arabs –
Mauritania has attracted funding worth $856mn from Arab
organizations at an international investment forum. These
investments – equivalent to almost a fifth of the country’s
economy – will pump funds into fisheries, agriculture, livestock,
health and roads, while funding imports from Arab countries to
the tune of $145mn. The Government of Mauritania has signed
 Alijarah’s AGM & EGM to be held on February 12 – Alijarah
Holding announced that its AGM and EGM will be held on
February 12, 2014 at Regency. In case of lack of quorum,
second meeting will be held on February 17, 2014 at the same
place. The AGM’s agenda includes the board’s proposal for
distributing a cash dividend at the rate of 15% of the share
nominal value, which represents QR1.5 per share. (QE)
Page 3 of 5

4. five investment deals with the Saudi Development Fund, the
Rajihi Banking Group, the Arab Monetary Fund and the Arab
Institution for Agricultural Development. (GulfBase.com)
 SFG to raise capital to SR12,000mn through bonus shares –
Samba Financial Group’s (SFG) board of directors has
recommended an increase in the company’s capital through
bonus shares. The company’s capital is to be raised to
SR12,000mn from SR9,000mn, with an increase by 33.33%.
The total number of issued shares will increase from 900mn to
1,200mn by offering 1 bonus share for every 3 shares owned.
The capital increase will be financed from the retained earnings
by transferring SR3,000mn. The bonus shares will be allotted to
registered shareholders at the close of trading on the
extraordinary general assembly day (to be announced).
(Tadawul)
 Saudi CMA approves amendment to Swicorp’s business
profile – The Saudi Capital Market Authority (Saudi CMA) has
approved the amendment in the business profile of Swicorp
Company by adding discretionary portfolio management activity.
Swicorp is now authorized to conduct dealing as a principal
underwriting, investment fund management, discretionary
portfolio management, arranging, advising and custodial
activities. (Tadawul)
 Emaar to convert $475.7mn bonds into shares – Emaar
Properties has received 75 notices of conversion from its
bondholders during the period from December 19, 2013 to
January 21, 2014. These bonds amount to $475.7mn, which will
be converted into 398,914,594 shares at a conversion price of
AED4.38 per share. As a result of this conversion, Emaar’s
share capital will be increased from AED6.1bn to AED6.51bn.
An application to that effect has been submitted to the Securities
& Commodities Authority, after getting approval from Emaar’s
shareholders. (DFM)
 SKAI secures AED737.6mn of funding from ICBC – SKAI
Holdings announced that it has secured AED737.6mn worth
financing for its Viceroy Dubai Palm Jumeirah, which was
arranged by the Industrial & Commercial Bank of China (ICBC).
This ensured that the AED3.75bn project is fully funded. The
main structural works of the luxury residential and hospitality
project are currently underway, and are slated for completion in
2016. When completed, the project will offer 479 spacious
rooms and suites, and 222 signature Viceroy Residences with a
view of the Arabian Sea. (GulfBase.com)
 New body DCTCM established to promote trade & tourism –
Dubai’s ruler HH Sheikh Mohammed bin Rashid Al Maktoum
has issued a decree establishing a new body, Dubai Corporation
for Tourism & Commerce Marketing (DCTCM). The new
corporation will be an affiliate of the Dubai Government’s
Department of Tourism & Commerce Marketing, which will be
responsible for the promotion and marketing of the Emirate.
DCTCM will establish effective partnerships with public and
private sector organizations related to tourism and commerce
sectors and work toward fostering trade relations with regional
and international companies in relevant industries. DCTCM will
also establish a new tourist information center in Dubai to
complement the current visitor information centers at Dubai
International Airport and Dubai Cruise Terminal. (GulfBase.com)
 Emirates to move to new Dubai airport after 2020 – Emirates
Airlines is expected to move all of its operations to the new Al
Maktoum International Airport in Dubai after 2020. International
carriers have so far not indicated any plans to move to the new
airport, which officially launched passenger services in October
2013. (Reuters)
 Technip wins key EPC contract from DPE – Technip has
obtained a contract from Dubai Petroleum Establishment (DPE)
for the engineering, procurement, construction and installation
(EPC) of the Jalilah B field development project. The field is
located 90 kilometers offshore Dubai. Technip’s scope of work
includes the construction and installation of the Jalilah B
platform, a 900-ton deck, a 500-ton jacket, as well as 13 new
risers on existing platforms. It also includes the installation of
110 kilometers of pipelines. This contract will use three of
Technip’s specialized vessels that are designed for work in both
deep and shallow waters. Technip’s operating center in Abu
Dhabi will execute this fast-track project scheduled for
completion in 2H2014. (GulfBase.com)
 NBAD posts AED4.7bn net profit in 2013; appoints CFO –
The National Bank of Abu Dhabi (NBAD) has reported a net
profit of AED4.7bn in 2013, up 9.3% YoY. EPS stood at
AED1.04 in 2013 as compared to AED0.95 in 2012. Net profits
were up 4.0% to AED1.1bn in 4Q2013 versus AED1bn in
3Q2013, but were down by 3.9% as compared to 4Q2012. Net
interest income was higher by 6.8% to AED6.51bn in 2013
versus AED6.096bn in 2012. Total assets increased by 8% YoY
to AED325bn. Loans increased by 12% YoY to AED184bn in
2013 and customer deposits increased by 11% YoY to
AED211bn in 2013. Meanwhile, NBAD’s board of directors has
recommended dividend distribution of 40% in cash and 10% in
shares, which will be allotted to shareholders during the AGM
scheduled to be held on March 11, 2014. Meanwhile, sources
stated that NBAD has appointed James Burdett as the group’s
Chief Financial Officer. (GulfBase.com)
 ADIB provides AED450mn finance to Al Dhafra – Abu Dhabi
Islamic Bank (ADIB) has granted Islamic finance facilities worth
AED450mn to Al Dhafra Cooperative Society for funding its
working capital and capital expenditure. The financing facility will
help Al Dhafra Cooperative Society implement numerous
projects for boosting economic and social development, in line
with the Abu Dhabi Government’s Western Region 2030
Strategy. (Gulfbase.com)
 Gulf Bank posts KD32.16mn net profit in 2013 – Kuwaitbased Gulf Bank has reported a net profit of KD32.16mn,
reflecting 4% rise in 2013 as compared to KD30.89mn in 2012.
The bank would pay a dividend of 5% through an issue of bonus
shares. (Reuters)
 Minimum share offer raised for new IWP projects – The
Omani government has raised the minimum percentage of
shares that an independent water and power company (IWP)
has to divest through an IPO on the Muscat Securities Market
from the current 35% to 40%. However, a top-level official of
Oman Power and Water Procurement Company stated that this
is applicable only for new IWP projects that include the
proposed Quriyat independent water project and the second
Salalah independent power venture. (GulfBase.com)
 SOMC appoints new chairman – Shell Oman Marketing
Company (SOMC) announced that Chris Breeze has been
appointed as the non-executive Chairman of the Company. He
replaces John Blascos, the Chairman of SOMC, who has taken
up the new role of Vice President in the Shell Group in The
Hague, and has therefore resigned from the Board with effect
from January 28, 2014. (MSM)
 PSC signs MoU with KAVEH – Port Services Corporation
(PSC) has signed a MoU with Kaveh Port & Marine Services
(KAVEH) to manage and operate the Port of Khasab in the
Musandam Governorate. (MSM)
Page 4 of 5

5. Rebased Performance
Daily Index Performance
170.0
160.0
150.0
140.0
130.0
120.0
110.0
100.0
90.0
80.0
138.5
4.0%
3.2%
3.2%
2.4%
1.3%
1.6%
126.3
0.8%
0.5%
0.0%
0.0%
May-13
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
Close ($)
1D%
WTD%
YTD%
Global Indices Performance
Close
1D%
WTD%
YTD%
1,256.88
(0.0)
(1.0)
4.2
DJ Industrial
15,928.56
0.6
0.3
(3.9)
19.58
(0.6)
(1.7)
0.6
S&P 500
1,792.50
0.6
0.1
(3.0)
107.41
0.7
(0.4)
(3.1)
NASDAQ 100
4,097.96
0.4
(0.7)
(1.9)
5.23
(8.2)
0.8
20.3
STOXX 600
324.22
0.7
(0.2)
(1.2)
152.75
1.2
0.8
20.8
DAX
9,406.91
0.6
0.2
(1.5)
154.00
0.3
0.2
13.4
FTSE 100
6,572.33
0.3
(1.4)
(2.6)
1.37
(0.0)
(0.1)
(0.5)
CAC 40
102.94
0.4
0.6
(2.3)
Nikkei
GBP
1.66
(0.0)
0.6
0.1
CHF
1.11
(0.1)
(0.3)
(0.5)
SHANGHAI SE Composite
AUD
0.88
0.5
1.1
(1.5)
USD Index
80.57
0.1
0.1
RUB
34.83
0.3
0.8
BRL
0.41
(0.2)
(1.1)
(2.6)
Yen
Dubai
Oct-12
Abu Dhabi
QE Index
Mar-12
Oman
Aug-11
(0.1%)
(0.4%)
Bahrain
Jan-11
(0.7%)
Qatar
(1.6%)
Kuwait
(0.8%)
Saudi Arabia
Jun-10
160.5
1.0
0.6
(2.6)
(0.2)
(2.7)
(8.0)
934.09
0.3
(1.7)
(6.8)
2,038.51
0.3
(0.8)
(3.7)
HANG SENG
21,960.64
(0.1)
(2.2)
(5.8)
0.7
BSE SENSEX
20,683.51
(0.1)
(2.1)
(2.3)
6.0
Bovespa
47,840.93
0.3
0.1
(7.1)
1,332.51
(1.0)
(2.3)
(7.6)
Source: Bloomberg
MSCI EM
4,185.29
14,980.16
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
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,
QNBFS does not make any representations or warranties as to the accuracy and completeness of the information it may contain, and declines any liability in that respect. QNBFS reserves the
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Page 5 of 5