1. Page 1 of 5
QE Intra-Day Movement
Qatar Commentary
The QE index rose 2.3% to close at 11,905.9. Gains were led by the Industrials
and Banking indices, gaining 2.4% and 2.2% respectively. Top gainers were
Gulf Warehousing Co. and Gulf International Services, rising 10.0% and 9.9%
respectively. Among the top losers, Al Ahli Bank fell 2.2%, while Widam Food
Co. declined 2.0%.
GCC Commentary
Saudi Arabia: The TASI index rose 0.4% to close at 9516.2. Gains were led
by Agri. & Food Ind. and Retail indices, rising 1.9% and 1.5% respectively.
Saudia Dairy & Foodstuff rose 10.0%, while Dallah Health. was up 5.6%.
Dubai: The DFM index gained 1.6% to close at 4520.7. The Investment &
Financial Services index gained 3.7%, while the Banking Index was up 1.8 %.
Agility rose 7.0%, while Dubai Investment Co. was up 5.0%.
Abu Dhabi: The ADX benchmark rose 1.2% to close at 4954.2. The Inv. & Fin.
Services index gained 3.3%, while the Consumer index was up 2.5%. Int. Fish
Farming Holding Co. rose 10.6% while Abu Dhabi Islamic Bank was up 4.9%.
Kuwait: The KSE index declined 0.2% to close at 7558.4. The Technology
index fell 2.4%, while Consumer Goods index was down 0.9%. Al-Deera
Holding. declined 8.9%, while Kuwait Real Estate Holding Co. was down 8.8%.
Oman: The MSM index fell 0.5% to close at 6,822.6. Losses were led by the
Financial and Services indices declining 0.7% and 0.5% respectively. Al
Jazeera Services fell 5.9%, while Ominvest was down 4.2%.
Bahrain: The BHB index gained 0.2% to close at 1,360.2. The Investment
index rose 1.2%, while the Commercial Banks index was up 0.6%. Arab
Banking Corp gained 4.0% while Al Ahli United Bank was up 1.3%.
Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD%
Gulf Warehousing Co. 45.65 10.0 189.1 10.0
Gulf International Services 86.30 9.9 1,949.8 76.8
Islamic Holding Group 79.50 6.0 405.2 72.8
Mazaya Qatar Real Estate Dev. 15.15 5.6 2,442.3 35.5
Qatar International Islamic Bank 75.00 4.2 206.1 21.6
Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD%
Barwa Real Estate Co. 37.50 2.9 5,456.1 25.8
Vodafone Qatar 12.38 1.4 2,752.7 15.6
Mazaya Qatar Real Estate Dev. 15.15 5.6 2,442.3 35.5
Gulf International Services 86.30 9.9 1,949.8 76.8
Masraf Al Rayan 41.05 3.4 1,703.5 31.2
Market Indicators 1 Apr 14 31 Mar 14 %Chg.
Value Traded (QR mn) 1,042.8 794.1 31.3
Exch. Market Cap. (QR mn) 661,795.3 650,369.6 1.8
Volume (mn) 23.0 18.4 25.3
Number of Transactions 10,953 9,109 20.2
Companies Traded 41 41 0.0
Market Breadth 32:5 26:11 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 17708.9 2.3 395.9 3.9 19.4
All Share Index 3053.1 2.0 60.7 3.6 18.0
Banks 2919.1 2.2 62.9 4.5 19.5
Industrials 4226.7 2.4 100.8 3.7 20.8
Transportation 2055.1 1.7 33.6 1.5 10.6
Real Estate 2288.1 2.1 46.3 3.2 17.2
Insurance 2828.4 0.5 13.1 0.7 21.1
Telecoms 1556.0 2.1 31.3 4.0 7.0
Consumer 6968.1 0.3 23.6 1.1 17.1
Al Rayan Islamic Index 3662.9 2.4 84.5 3.7 20.6
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
Gulf Warehousing Qatar 45.7 10.0 189.1 10.0
Saudi Dairy & Foodstu. Saudi Arabia 105.0 9.9 523.7 21.7
Gulf International Ser. Qatar 86.3 9.9 1949.8 76.8
Kuwait Projects Kuwait 0.74 9.4 2122.1 25.3
Dallah Healthcare Saudi Arabia 94.0 5.6 1542.9 34.8
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
Gulf Pharma. Abu Dhabi 3.5 -3.8 244.4 7.3
National Shipping Saudi Arabia 32.7 -3.3 1311.9 16.0
Combined Group Kuwait 1.22 -3.2 1.7 -4.7
Sharjah Islamic Abu Dhabi 1.9 -3.0 3954.6 26.0
Arabian Cement Saudi Arabia 3.5 -3.8 1262.9 7.3
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%
Al Ahli Bank 49.90 (2.2) 7,615.0 17.9
Widam Food Co. 49.00 (2.0) 279,410.0 -5.2
Qatar General Ins. & Reins. Co. 38.70 (0.8) 16,500.0 -3.0
Zad Holding Co. 71.60 (0.3) 6,710.0 3.0
United Development Co. 20.75 (0.2) 906,378.0 -3.6
Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD%
Barwa Real Estate Co 37.50 2.9 203,111.9 25.8
Gulf International Services OSC 86.30 9.9 162,450.0 76.8
Masraf Al Rayan 41.05 3.4 69,184.7 31.2
QNB Group 193.00 2.9 57,447.1 12.2
Industries Qatar QSC 188.50 1.1 55,409.7 11.6
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* 11,905.94 2.3 3.7 2.3 14.7 286.39 181,729.0 15.1 1.9 4.1
Dubai 4,520.73 1.6 3.2 1.6 34.2 441.84 90,088.6 19.7 1.7 2.1
Abu Dhabi 4,954.22 1.2 2.0 1.2 15.5 173.33 131,325.0 14.8 1.8 3.7
Saudi Arabia 9,516.17 0.4 1.0 0.4 11.5 2,169.31 515,746.1 19.5 2.4 3.1
Kuwait 7,558.43 (0.2) (0.3) (0.2) 0.1 118.22 115,875.0 17.0 1.2 3.8
Oman 6,822.62 (0.5) (1.4) (0.5) (0.2) 22.28 24,502.8 11.3 1.6 3.9
Bahrain 1,360.21 0.2 1.4 0.2 8.9 2.39 51,615.6 9.6 0.9 5.1
Source: Bloomberg, Qatar Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
11,600
11,700
11,800
11,900
12,000
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 2.3% to close at 11,905.9. The Industrials
and Banking indices led the gains. The index rose on the back of
buying support from non-Qatari shareholders despite selling
pressure from Qatari shareholders.
 Gulf Warehousing Co. and Gulf International Services were the
top gainers, rising 10.0% and 9.9% respectively. Among the top
losers, Al Ahli Bank fell 2.2%, while Widam Food Co. declined
2.0%.
 Volume of shares traded on Tuesday rose by 25.3% to 23mn
from 18.4mn on Monday. Further, as compared to the 30-day
moving average of 16.2mn, volume for the day was 42.9%
higher. Barwa Real Estate Co. and Vodafone Qatar were the
most active stocks, contributing 23.7% and 12.0% to the total
volume respectively.
Source: Qatar Exchange (* as a % of traded value)
Earnings and Global Economic Data
Earnings Releases
Company Market Currency
Revenue
(mn)FY2013
% Change
YoY
Operating Profit
(mn) FY2013
% Change
YoY
Net Profit (mn)
FY2013
% Change
YoY
Majid Al Futtaim Dubai AED 23,000.0 10.0% – – 1,600.0 -0.6%
International Financial
Advisors
Kuwait KD 51.0 494.6% – – 2.9 N/A
Islamic Arab Insurance Co. Dubai AED 900.5 -46.4% – – -70.2 -82.2%
Source: Company data, DFM, ADX, MSM
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
04/01 US Markit Markit US Manufacturing PMI March 55.5 56 55.5
04/01 US
Institute for Supply
Managemen
ISM Manufacturing March 53.7 54 53.2
04/01 US Bloomberg Total Vehicle Sales March 16.33M 15.80M 15.27M
04/01 EU Markit Markit Eurozone Manufacturing PMI March 53 53 53
04/01 EU Markit Markit EU Manufacturing PMI March 53.4 – 53.8
04/01 EU Eurostat Unemployment Rate February 11.90% 12.00% 11.90%
04/01 France Markit Markit France Manufacturing PMI March 52.1 51.9 51.9
04/01 Germany Deutsche Bundesbank Unemployment Change (000's) March -12K -10K -15K
04/01 Germany Deutsche Bundesbank Unemployment Rate March 6.70% 6.80% 6.70%
04/01 Germany Markit Markit/BME Germany Manu. PMI March 53.7 53.8 53.8
04/01 UK Markit Markit UK PMI Manufacturing SA March 55.3 56.7 56.2
04/01 Spain Markit Markit Spain Manufacturing PMI March 52.8 52.3 52.5
04/01 Italy Markit Markit/ADACI Italy Manufacturing PMI Mar 52.4 52 52.3
04/01 Italy ISTAT Unemployment Rate February 13.00% 12.90% 12.90%
04/01 China CFLP Manufacturing PMI March 50.3 50.1 50.2
04/01 China Markit HSBC China Manufacturing PMI March 48.0 48.1 48.1
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
 Qatar’s real GDP growth accelerated to 6.5% in 2013 on
strong investment and higher population – Qatar’s economy
continued to maintain its strong growth momentum in the fourth
quarter of 2013. Qatar’s real GDP expanded at a buoyant 5.6%
(year-on-year) in the last three months of 2013, spurred by
double-digit growth in construction, wholesale trade and
hospitality, and financial, real estate, and business services,
according to figures released by the Ministry of Development
Planning and Statistics (MDPS). For 2013 as a whole, real GDP
grew 6.5%, in line with QNB Group’s forecast (see Qatar
Economic Insight report). QNB Group expects real GDP growth
to accelerate to 6.8% in 2014 as the implementation of large
infrastructure projects and higher population continue to drive
double-digit growth in the non-hydrocarbon sector. The growth
figures for the fourth quarter of 2013 confirm the continued
process of economic diversification of Qatar’s economy away
from its traditional role as a hydrocarbon exporter toward a
manufacturing and services hub. The oil and gas sector
contracted by 1.1% year-on-year in 4Q2013, reflecting a fall in
oil production, the temporary halt of a number of LNG trains for
maintenance, as well as the moratorium on further exploration of
the North Field. At the same time, wholesale trade, hotels and
restaurants was the fastest growing sector (19.3% year-on-
year), predominantly on the back of the double-digit increase in
population. Financial, real estate, and business services was the
Overall Activity Buy %* Sell %* Net (QR)
Qatari 63.53% 72.58% (94,454,552.18)
Non-Qatari 36.48% 27.42% 94,454,552.18

3. Page 3 of 5
second fastest growing sector (18.1% year-on-year) as banking
intermediation accelerated and real estate services were
boosted by the growing population. Construction activity
expanded by 15.0% year-on-year as Qatar’s infrastructure
investment program is gathering momentum. (QNB Group,
Ministry of Development Planning and Statistics, Gulf-
Times.com)
 QCB auctions t-bills worth QR4bn – Qatar Central Bank
(QCB) auctioned t-bills worth QR4bn, for which it received bids
totaling QR12.6bn. T-bills worth QR2bn, with a maturity period
of 3 months were auctioned at a yield of 0.68%. T-bills worth
QR1bn, with a maturity period of 6 months were sold at a yield
of 0.92%, while t-bills with a maturity period of 9 months were
auctioned at a yield of 0.97%. All the t-bills were issued on April
1, 2014. (QCB)
 LR2 to enhance condensate refining capacity in 2016 – HH
the Emir Sheikh Tamim bin Hamad Al Thani laid the foundation
stone for the new Laffan Refinery (LR2) expansion project at
Ras Laffan, which will effectively double Qatar’s condensate
refining capacity. Being built at an estimated cost of QR5.5bn,
the LR2 project will raise capacity to 300,000 bpd after its
completion in 2016. LR2 is a JV among Qatar Petroleum (QP),
Total, Idemitsu, Cosmo, Marubeni and Mitsui, with QP holding
an 84% stake and Total holding 10%. As in the case of LR1,
LR2 will also be operated by Qatargas and will process 146,000
barrels per stream day (bpsd) of condensate feedstock. Both
LR1 and LR2 combined will make the Ras Laffan facility the
largest condensate refinery in the world. Upon completion of
LR2, Qatar will have the capacity to process nearly 40% of the
condensate from the North Field into high quality products.
(Gulf-Times.com)
 ERES’ QR4.5bn Wakrah project will be ready by 2017 –
Ezdan Holding Group (ERES) said its QR4.5bn residential
project comprising 11,000 residential units in Al Wakrah will be
completed by 2017. The Group CEO Ali al-Obaidly said that the
housing project, which is being built in partnership with SAK
Holding Group, will be offered for the mass market and will be
completed in stages. He said the project assumes significance
against the backdrop of increasing expatriate population in view
of the mammoth projects being rolled out to upgrade the
country’s infrastructure ahead of the 2022 FIFA World Cup.
Moreover, ERES plans to acquire two more domestic
companies as part of its strategy to diversify its investment
portfolio. Meanwhile, ERES’ shareholders approved the
distribution of 3.1% cash dividend. (Gulf-Times.com)
 Barwa Bank was IMLA for ERES’ 1st tranche of $500mn
syndication – Barwa Bank was the initial mandated lead
arranger (IMLA) for Ezdan Holding Group’s (ERES) first tranche
of its $500mn debut syndication, which was closed recently. In
late 2013, ERES took on a new direction by looking to
strategically diversify its business. ERES’ CEO Ali Al-Obaidly
said, aside from being the first 100% Islamic finance transaction
internationally syndicated for a Qatari corporate and led by a
Qatari bank, the response to the syndication shows a wide
acceptance of the company’s new business direction. (Gulf-
Times.com)
 QTA: Qatar tourism grows further in 2013 – According to the
Qatar Tourism Authority (QTA), the tourism sector in Qatar
surged in 2013 as the country welcomed more than 1.3mn
visitors in 2013 as compared to 1.2mn in 2012. The full-year
figures showed that the country’s tourism industry has continued
its upward trajectory, benefiting from new investments and
promotion. QTA stated that the sector is on track to reach
growth targets set out in the Qatar National Tourism Sector
Strategy. (Gulf-Times.com)
 QIBK to disclose 1Q2014 financials on April 16 – Qatar
Islamic Bank (QIBK) will disclose its 1Q2014 financial results on
April 16, 2014. (QE)
 QOIS to disclose 1Q2014 results on April 20 – Qatar Oman
Investment Company (QOIS) will disclose its 1Q2014 financial
results on April 20, 2014. (QE)
 SIIS to disclose 1Q2014 results on April 21 – Salam
International Investment (SIIS) will disclose its first quarter
financial results for the year 2014 on April 21, 2014. (QE)
International
 Reuters: Solid US job growth expected for March as winter
fades – Job growth in the US is likely to have accelerated in
March 2014 as the winter's gloom started to lift, providing the
strongest signal yet that economic growth was shifting into
higher gear. According to a Reuters poll of economists, non-
farm payrolls probably increased by 200,000, which is the
largest gain in four months. Hiring advanced by 175,000 jobs in
February and the unemployment rate is expected to have
dropped to 6.6%. The anticipated gain in employment would
take job growth back near the 204,000 monthly average that
prevailed during the first 11 months of 2013. (Reuters)
 Japan firms see inflation taking root in boost to BoJ –
Japanese companies forecasted that price gains will be
sustained over the next five years, indicating confidence in
Prime Minister Shinzo Abe’s bid to end deflation. The Bank of
Japan (BoJ) said inflation will grow up to 1.7% in 3 years time
after rising 1.5% over the next 12 months. Rising inflation
expectations were the strongest among small companies that
employ more than two-thirds of Japan’s workers and are feeling
a crunch from a tightening labor market. The progress in
shaking off deflationary malaise could reduce the chances of
additional monetary stimulus and fuel debate on how to manage
an economy with sustained price gains. (Bloomberg)
 ECB finds no deflation as recovery gains – The European
Central Bank’s (ECB) Vice President Vitor Constancio said the
Eurozone is likely to avoid outright deflation as a soft economic
recovery gradually reduces spare capacity in the economy.
Constancio said the prospects for inflation are a cause for
concern, after figures showed Eurozone’s inflation had slowed in
March to 0.5%, the lowest level in more than four years. The
Frankfurt-based central bank will be soon have its monthly
monetary-policy meeting against a backdrop of improving
economic data with gains in prices lagging behind. ECB
President Mario Draghi has predicted that the recovery will
eventually push inflation toward the ECB’s target of around 2%.
(Bloomberg)
Regional
 OPEC output falls due to Iraqi exports setback, African
outages – The OPEC’s oil output fell in March 2014 to its lowest
since December, as Iraq’s oil revival suffered a setback and
outages cut the output from African producers. According to the
survey based on shipping data and information from oil
company sources, supply from the OPEC averaged at 29.72mn
bpd, down from a revised 30.06mn bpd in February. A drop in
Iraq’s northern region exports, oilfield maintenance in Angola
and further unrest in Libya outweighed the extra volumes from
Saudi Arabia, Nigeria and a small rise in Iranian supplies. The
survey highlights the impact of unrest and outages on supply
from the group which pumps one-third of the world’s oil. (Gulf-
Times.com)

4. Page 4 of 5
 Al Tayyar buys 70% in Hanouf Tourism – Al Tayyar Travel
Group Holding (Al Tayyar) has acquired 70% of Egypt-based
Hanouf Tourism & Services Company and its subsidiary
companies in a deal worth SR40.95mn. The deal was funded
from the company’s own resources. (GulfBase.com)
 Dallah Health signs MoU to purchase Erfan Hospital –
Dallah Healthcare Holding Company has signed a MoU with
Bagedo Commercial Holding Company and Mohamed Ahmed
Erfan & Sons Holding Company to fully acquire their shares in
Bagedo & Dr. Erfan General Hospital Co. (GulfBase.com)
 SAAC declares SR143.5mn dividend for 4Q2013 – Saudi
Arabian Airlines Catering Company’s (SAAC) AGM has
approved the distribution of 17.5% cash dividends (SR1.75 per
share), amounting to SR143.5mn for 4Q2013. (Tadawul)
 ICD signs $6mn financing deal – The Islamic Corporation for
the Development of the Private Sector (ICD) has signed a
financing agreement with the Orienbank of Tajikistan for a $6mn
facility. The facility will be extended by Orienbank to SMEs for
financing projects in the industrial, communication, technology,
health, construction and agricultural sectors. (GulfBase.com)
 Sipchem to stop Butaindiol plant for maintenance,
expansion – Saudi International Petrochemical Company
(Sipchem) has announced the stoppage of operations in its
Butaindiol plant from April 1, 2014 for 35 days duration for a
scheduled maintenance of all plant units and facilities. This
stoppage will be utilized to complete the tie-in of the expanded
units to the existing plant facilities. Due to this, the company is
expecting SR5mn financial impact on its 2Q2014 results.
(Tadawul)
 EIB declares 8.33% bonus shares – Emirates Investment
Bank’s (EIB) AGM has approved its board’s proposal for
distributing 8.33% bonus shares for the year ended December
31, 2013. (DFM)
 Abu Dhabi airport records 15.6% jump in passenger traffic –
According to the Abu Dhabi International Airport’s management,
the airport recorded a 15.6% increase in passenger traffic in
February 2014 as compared to February 2013. A total of 1.4mn
passengers used the airport as compared to 1.2mn in February
2013. The number of aircraft movements rose by 12.2% in
February 2014 to 11,174 as compared to 9,960 movements in
February 2013. Further, the cargo handling activity also rose to
56,902 tons, representing a 13.8% increase YoY.
(GulfBase.com)
 HSBC Bank Oman appoints CEO – HSBC Bank Oman has
appointed Andrew Long as its Chief Executive Officer. Andrew
Long joins from HSBC Bank Egypt where he was the Deputy
Chairman and CEO. (MSM)
 SMNP declares 20% dividend, appoints chairman – SMN
Power Holding Company’s (SMNP) AGM has approved its
board’s proposal for the distribution of 20% cash dividend (200
baizas per share) for the year ended December 31, 2013.
Meanwhile, the company has appointed Johan Van Kerrebroeck
as the Chairman of the Board of Directors and Abdullah Humaid
Al Yahya’ey as the Vice Chairman. (MSM)
 Ominvest declares 15% cash dividend, 10% stock dividend
– Oman International Development & Investment Company’s
(Ominvest) AGM has approved the distribution of 15% cash
dividend (15 baizas per share) for the year ended December 31,
2013. Further, the company’s AGM has approved the
distribution of 10% stock dividend for 2013. This will increase
the paid-up share capital from OMR30.6mn (306.13mn shares)
to OMR33.7mn (336.7mn shares), with a nominal value of 100
baizas per share. (MSM)
 GFIH declares 5% interim dividend – Global Financial
Investments Holding’s (GFIH) AGM has approved the board’s
proposal to distribute an interim cash dividend, not exceeding
5% (equivalent to 5 baizas per share) to its shareholders. (MSM)
 GIS declares 15% dividend for 2013 – Gulf Investment
Services Holding Company’s (GIS) AGM has approved the
distribution of 15% cash dividend (15 baizas per share) for the
year ended December 31, 2013. (MSM)
 ACWA Power Barka declares 50% interim dividend,
appoints chairman, deputy chairman – ACWA Power Barka’s
AGM has authorized the board of directors to distribute 50%
interim dividend (50 baizas per share) for 2014. Meanwhile, the
company has appointed Mohammad Abdullah Abunayyan as
the Chairman and Rohit Gokhale as the Deputy Chairman of the
board of directors. (MSM)
 Takaful declares 5% dividend for 2013 – Takaful International
Company’s AGM has approved the board’s proposal for the
distribution of 5% cash dividend (5 fils per share) for the year
ended December 31, 2013. (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,
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
right to amend the views and opinions expressed in this publication at any time. It may also express viewpoints or make investment decisions that differ significantly from, or even contradict, the
views and opinions included in this report.
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
0.4%
2.3%
(0.2%)
0.2%
(0.5%)
1.2%
1.6%
(2.0%)
0.0%
2.0%
4.0%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD%
Gold/Ounce 1,278.95 (0.4) (1.3) 6.1 DJ Industrial 16,532.61 0.5 1.3 (0.3)
Silver/Ounce 19.76 (0.1) (0.3) 1.5 S&P 500 1,885.52 0.7 1.5 2.0
Crude Oil (Brent)/Barrel (FM
Future)
105.62 (2.0) (2.3) (4.7) NASDAQ 100 4,268.04 1.6 2.7 2.2
Natural Gas (Henry
Hub)/MMBtu
4.35 (2.7) (3.0) 0.1 STOXX 600 336.35 0.6 0.8 2.5
LPG Propane (Arab Gulf)/Ton 105.75 (0.5) (0.5) (16.4) DAX 9,603.71 0.5 0.2 0.5
LPG Butane (Arab Gulf)/Ton 120.75 (0.2) (0.4) (11.0) FTSE 100 6,652.61 0.8 0.6 (1.4)
Euro 1.38 0.2 0.3 0.4 CAC 40 4,426.72 0.8 0.4 3.0
Yen 103.65 0.4 0.8 (1.6) Nikkei 14,791.99 (0.2) 0.7 (9.2)
GBP 1.66 (0.2) (0.0) 0.4 MSCI EM 1,000.79 0.6 1.6 (0.2)
CHF 1.13 0.1 0.4 1.1 SHANGHAI SE Composite 2,047.46 0.7 0.3 (3.2)
AUD 0.92 (0.2) 0.0 3.7 HANG SENG 22,448.54 1.3 1.7 (3.7)
USD Index 80.09 (0.0) (0.1) 0.1 BSE SENSEX 22,446.44 0.3 0.5 6.0
RUB 35.08 (0.3) (1.9) 6.7 Bovespa 50,270.37 (0.3) 1.0 (2.4)
BRL 0.44 0.4 (0.0) 4.4 RTS 1,235.74 0.8 4.2 (14.3)
171.1
149.9
136.2