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16 June Daily market report

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  • 1. Page 1 of 5 QE Intra-Day Movement Qatar Commentary The QE index declined 1.6% to close at 12,562.5. Losses were led by the Real Estate and Insurance indices, declining 3.0% and 2.2% respectively. Top losers were Al Meera Consumer Goods Co. and Dlala Brokerage & Inv Holding Co., falling 4.6% and 4.1% respectively. Among the top gainers, Qatar Cinema & Film Distribution Co. rose 10.0%, while Al Khaleej Takaful Group was up 1.8%. GCC Commentary Saudi Arabia: The TASI index fell 2.0% to close at 9,523.2. Losses were led by the Transport and Media & Pub. Indices, declining 5.3% and 5.2% respectively. Saudi Marketing Co. fell 10.0%, while Tihama was down 9.9%. Dubai: The DFM index declined 3.1% to close at 4,468.7. The Services index fell 6.0%, while the Real Estate & Construction index was down 4.8%. Arabtec Holding declined 10.0%, while Shuaa Capital was down 9.9%. Abu Dhabi: The ADX benchmark index fell 1.0% to close at 4,783.4. The Energy index declined 6.9%, while the Inv. & Fin. Ser. index was down 5.6%. Gulf Cement fell 9.9%, while Abu Dhabi Nat. Co. for Building was down 9.5%. Kuwait: The KSE index fell 0.5% to close at 7,109.0. The Health Care index declined 2.2%, while the Real Estate index was down 1.1%. Hilal Cement Co. fell 9.5%, while Yiaco Medical Co. was down 8.3%. Oman: The MSM index rose 0.3% to close at 6,914.6. Gains were led by the Financial and Industrial indices, rising 0.5% and 0.2% respectively. Oman & Emirates Inv. Holding gained 3.8%, while Majan Glass was up 3.4%. Bahrain: The BHB index fell 0.5% to close at 1,449.9. The Investment and Services indices declined 1.6% and 0.6% respectively. Al Baraka Banking Group fell 7.8%, while Bahrain Telecommunication Co. was down 1.1%. Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD% Qatar Cinema & Film Distri. Co 57.30 10.0 28.1 42.9 Al Khaleej Takaful Group 45.00 1.8 260.5 60.3 Qatar Navigation 91.50 0.9 61.0 10.2 Salam International Investment Co. 16.26 0.5 352.4 25.0 Commercial Bank of Qatar 64.90 0.3 216.1 10.0 Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD% Vodafone Qatar 19.61 0.3 3,433.7 83.1 Masraf Al Rayan 51.70 (2.8) 2,196.7 65.2 Barwa Real Estate Co. 39.20 (3.8) 1,775.9 31.5 Ezdan Holding Group 21.82 (1.7) 1,053.9 28.4 Mazaya Qatar Real Estate Dev. 18.10 (3.2) 852.6 61.9 Market Indicators 16 Jun 14 15 Jun 14 %Chg. Value Traded (QR mn) 662.8 441.0 50.3 Exch. Market Cap. (QR mn) 687,151.6 696,586.8 (1.4) Volume (mn) 15.0 9.7 54.8 Number of Transactions 8,250 6,378 29.4 Companies Traded 43 43 0.0 Market Breadth 7:36 13:29 – Market Indices Close 1D% WTD% YTD% TTM P/E Total Return 18,733.45 (1.6) (3.2) 26.3 N/A All Share Index 3,184.59 (1.5) (3.0) 23.1 15.3 Banks 3,044.20 (2.0) (3.7) 24.6 15.1 Industrials 4,218.66 (0.9) (2.0) 20.5 16.4 Transportation 2,218.43 (0.6) (2.3) 19.4 14.3 Real Estate 2,601.98 (3.0) (4.9) 33.2 13.0 Insurance 3,352.21 (2.2) (1.0) 43.5 8.8 Telecoms 1,723.65 (0.4) (2.8) 18.6 23.8 Consumer 6,696.23 (1.3) (2.0) 12.6 26.3 Al Rayan Islamic Index 4,195.17 (2.1) (3.4) 38.2 18.2 GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD% National Mar. Dred. Co. Abu Dhabi 8.04 13.2 5.0 (6.5) Sharjah Islamic Bank Abu Dhabi 1.90 3.8 373.0 23.4 Gulf Bank Kuwait 0.35 3.0 454.7 (3.4) Boubyan Petrochem. Kuwait 0.80 2.6 459.8 23.1 Agility Kuwait 0.85 2.4 2,857.0 23.2 GCC Top Losers## Exchange Close# 1D% Vol. ‘000 YTD% Arabtec Holding Co. Dubai 4.05 (10.0) 167,783.7 97.6 Tihama Saudi Arabia 125.20 (9.9) 21.2 14.4 Dana Gas Abu Dhabi 0.72 (8.9) 50,272.2 (20.9) Emaar Economic City Saudi Arabia 15.95 (8.6) 6,731.6 19.9 Nama Chemicals Co. Saudi Arabia 15.75 (8.5) 14,653.3 12.1 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 Meera Consumer Goods Co. 171.00 (4.6) 35.3 28.3 Dlala Brokerage & Inv. Holding 51.10 (4.1) 140.3 131.2 Barwa Real Estate Co. 39.20 (3.8) 1,775.9 31.5 Doha Bank 58.00 (3.3) 373.9 (0.3) Mazaya Qatar Real Estate Dev. 18.10 (3.2) 852.6 61.9 Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD% Masraf Al Rayan 51.70 (2.8) 114,343.2 65.2 Barwa Real Estate Co. 39.20 (3.8) 69,958.2 31.5 Vodafone Qatar 19.61 0.3 67,523.0 83.1 Industries Qatar 178.10 (0.5) 45,424.5 5.4 QNB Group 177.20 (1.7) 40,872.9 3.0 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* 12,562.54 (1.6) (3.2) (8.3) 21.0 182.05 188,760.5 15.7 2.1 4.0 Dubai 4,468.67 (3.1) (7.6) (12.2) 32.6 463.12 88,670.9 17.9 1.8 2.3 Abu Dhabi 4,783.38 (1.0) (3.0) (8.9) 11.5 156.02 133,459.5 14.1 1.8 3.5 Saudi Arabia 9,523.18 (2.0) (3.1) (3.1) 11.6 2,298.33 518,128.3 19.0 2.3 3.0 Kuwait 7,108.95 (0.5) (1.9) (2.5) (5.8) 52.39 111,787.9 16.2 1.1 3.9 Oman 6,914.64 0.3 0.1 0.8 1.2 13.36 25,094.7 12.5 1.7 3.8 Bahrain 1,449.91 (0.5) (0.7) (0.6) 16.1 0.27 53,765.9 11.4 1.0 4.7 Source: Bloomberg, Qatar Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any) 12,400 12,500 12,600 12,700 12,800 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 declined 1.6% to close at 12,562.5. The Real Estate and Insurance indices led the losses. The index fell on the back of selling pressure from non-Qatari shareholders despite buying support from Qatari shareholders.  Al Meera Consumer Goods and Dlala Brokerage & Inv. Holding Co. were the top losers, falling 4.6% and 4.1% respectively. Among the top gainers, Qatar Cinema & Film Distribution Co. rose 10.0%, while Al Khaleej Takaful Group was up 1.8%.  Volume of shares traded on Monday rose by 54.8% to 15.0mn from 9.7mn on Sunday. However, as compared to the 30-day moving average of 26.1mn, volume for the day was 42.7% lower. Vodafone Qatar and Masraf Al Rayan were the most active stocks, contributing 23.0% and 14.7% 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)1Q2014 % Change YoY Operating Profit (mn) 1Q2014 % Change YoY Net Profit (mn) 1Q2014 % Change YoY United Kaipara Dairies Co. (UNIKAI) Dubai AED 75.2 16.6% – – -13.8 NA Source: Company data, DFM, ADX, MSM Global Economic Data Date Market Source Indicator Period Actual Consensus Previous 06/16 US Federal Reserve Industrial Production MoM May 0.60% 0.50% -0.30% 06/16 US Federal Reserve Manufacturing (SIC) Production May 0.60% 0.60% -0.10% 06/16 US NAHB NAHB Housing Market Index June 49.0 47.0 45.0 06/16 EU Eurostat CPI MoM May -0.10% -0.10% 0.20% 06/16 EU Eurostat CPI YoY May 0.50% 0.50% 0.50% 06/16 EU Eurostat CPI Core YoY May 0.70% 0.70% 0.70% 06/16 UK Rightmove Rightmove House Prices MoM June 0.10% – 3.60% 06/16 UK Rightmove Rightmove House Prices YoY June 7.70% – 8.90% Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted) News Qatar  QIB-UK offers property investment opportunities in London – Qatar Islamic Bank’s (QIBK) wholly owned subsidiary, QIB- UK, is offering unique real estate investment opportunities for premium clients, who seek to purchase properties in London. QIB-UK has assembled a team of real estate specialists who will help in ensuring clients are well placed to get the best real estate opportunities in the market. The bank’s network gives clients an early access to exclusive residential real estate opportunities in the London real estate market. (QE)  Qatar Steel cuts energy use, improves safety record – Qatar Steel, a subsidiary of Industries Qatar (IQCD) has cut its energy consumption by 2.4% and its total greenhouse gas emissions by 3.3%, while increasing the overall productivity by 2.5%. Moreover, the company has improved its safety performance with a 31% reduction in the reportable injury rate for employees and zero fatalities among its employees and contractors. Qatar Steel enjoyed another year of low employee attrition of 3.6%, and also introduced several waste management initiatives such as recycling by-products generated during production. (Gulf- Times.com)  QPMC appoints new CEO – Qatar Primary Materials Company (QPMC) has announced the appointment of Eisa Al-Hammadi as the firm’s new CEO with effect from June 9, 2014. Al- Hammadi earned his civil engineering degree from the University of Qatar and has more than 14 years of experience in the engineering sector, where he held several management positions, including Director of Engineering Projects at Qatar Development Bank. (Gulf-Times)  QA’s A380 deliveries delayed again – Qatar Airways’ (QA) CEO, Akbar Al Baker said that the delivery of the first three Airbus A380 Superjumbos has been further delayed by several weeks due to unresolved cabin issues. The delivery had originally been expected around the end of May 2014, but was pushed back after the airline apparently rejected the aircraft during a routine pre-delivery inspection. (Reuters)  Kahramaa achieves safety milestone – The Qatar General Electricity & Water Corporation (Kahramaa) has achieved a new safety milestone in 2014. The mega utility corporation clocked 8.2mn work hours without any lost time injury (LTI) between January and May 2014. The LTI figure includes Kahramaa and its contractors. Kahramaa’s total work hours without LTI for the period was 2.7mn work hours, while its contractors achieved 5.5mn work hours without LTI. (Gulf-Times.com) International  IMF cuts US 2014 growth outlook to 2% – The International Monetary Fund has cut its growth forecast for the US economy for this year and stated that the Federal Reserve may have scope to keep its interest rates at zero for longer than investors expect. The IMF now sees the world’s largest economy growing Overall Activity Buy %* Sell %* Net (QR) Qatari 68.38% 58.03% 68,514,162.32 Non-Qatari 31.62% 41.96% (68,514,162.32)
  • 3. Page 3 of 5 2% this year, down from an April estimate of 2.8%. The IMF left its 2015 prediction unchanged at 3%, and said it does not expect the US to see full employment until the end of 2017, amid low inflation. The fund stated that the cut was largely linked to the economy’s contraction in the first quarter, when the harsh winter added to other factors such as a drawdown in inventories, a sluggish housing market and slower demand. The IMF also lowered its prediction for the economy’s potential growth in future years to reflect the effects of an aging population and slower productivity growth. It now sees average potential growth of 2%, compared with 3% in the 50 years through 2007. Last year its projections were 2.3% in 2015-2016 and 2.4% in 2017- 2018. (Bloomberg)  Sturdy manufacturing data bolster US growth outlook; new Fed members sworn in – Manufacturing output in the US rose in May 2014 and factory activity in the New York state accelerated sharply this month, buoying hopes for a strong rebound in economic growth this quarter. The brightening growth outlook was further boosted by the rising confidence among homebuilders this month, a good omen for the struggling housing market. The US Federal Reserve said that factory production increased 0.6% last month as output rose across a swath of industries and also said output had slipped 0.1% in April, not as deeply as it had previously thought. Meanwhile, Stanley Fischer has been sworn in as the Vice Chair of the Federal Reserve and Lael Brainard took the oath of office to join the central bank's board of governors. Further, the current Fed board member Jerome Powell was sworn in for a new 14-year term. The three members were confirmed by the Senate last week. (Reuters)  Eurozone price inflation hits trough in May – A further slowdown in the Eurozone’s inflation in May was confirmed on Monday, as the cost of telecommunication and food kept prices low, confirming a problem that the European Central Bank had recently sought to stem. Data from the EU's statistics office Eurostat found that consumer prices across the 18 Eurozone countries rose by 0.5% YoY in May, keeping them within the 'danger zone' of below 1%. Prices fell by 0.1% MoM in May, with the cost of services down by 0.2% as compared to April. This data confirms a problematic pricing trend that weighs down debt-strapped countries, which recently prompted the ECB to act. In June, the ECB became the first major central bank to introduce negative deposit rates – charging banks to park funds overnight. It also launched ultra-cheap four-year loans for banks in order to boost lending to companies. (Reuters)  Russia cuts gas to Ukraine while maintaining flow to EU – Ukraine said Russia has cut natural gas supplies after demanding advance payments for the fuel, the first time its shipments have been affected due to this year’s crisis in relations between the two countries. Russia’s OAO Gazprom is only providing enough gas to Ukraine’s pipeline system to meet demand from European customers and not the country’s needs. After a deadline passed without payment, Gazprom’s CEO Alexey Miller said Ukraine must pay its debt first and then only it will receive gas paid for up front. The European Union, which is dependent on Russian gas piped through Ukraine for about 15% of its demand, has been trying to broker a deal to maintain shipments and the latest negotiations in Kiev ended without a deal. A supply cutoff may have less impact during the European summer, when consumption is lower and stockpiles higher. (Bloomberg)  S&P: China Inc borrows $14 trillion, overtakes US as top corporate borrower – The Chinese corporate bond market has overtaken the US as the world's biggest borrower market and is set to soak up a third of the global company debt needs over the next five years. According to rating agency Standard & Poor's, this underscores the growing risk posed by China's debt market on the global financial system. Chinese corporate borrowers owed $14.2tn at the end of 2013 versus $13.1tn owed by US corporations with the switch in rankings taking place a year earlier than it had expected, S&P said. The Asia-Pacific region, led by China, is seen accounting for half of the global corporate debt financing needs of $60tn over the 2013-2018 period, when the region will account for more than half the projected total debt outstanding of $72tn. S&P said China is currently financing a quarter to a third of its corporate debt through its shadow banking sector, which has global implications. (Reuters) Regional  CBRE: Mideast investors to spend $180bn on global real estate in 10 years – According to global property adviser CBRE, Middle Eastern investors are expected to spend $180bn in commercial real estate markets outside their own region over the next decade. The major increase in outflows of the Middle Eastern capital into global markets is emerging from the extraordinary mismatch between the lack of institutional real estate in domestic markets and the huge spending power concentrated in the region. Europe is the preferred target with 80% of the $180bn targeted for the region over the next 10 years. Close to $85bn will flow into the UK, with $60bn directed at continental European countries such as France, Germany, Italy and Spain. During 2007-2013, the global real estate market has seen significant investments worth $45bn of Middle Eastern capital – seven times the reported activity in its home market. (Gulf-Times.com)  IFC: MENA SMEs seek Shari’ah-compliant funding – According to a study by the International Finance Corporation (IFC), around 35% of SMEs in the MENA region are excluded from the formal banking sector, since they are seeking Shari’ah- compliant products that are not readily available in the market. The study revealed a potential market gap of up to $13.2bn for SME Islamic financing in the region. Despite the rising demand for Islamic financing among SMEs, the study reported a gap in Shari’ah- complaint offerings among regional lenders. Out of the 36% banks in the MENA region that offer SME products, only 17% offer Islamic financing options. The study also noted that demand for Islamic banking is as high as 90% in Saudi Arabia. Meanwhile, IFC is considering a return to the Islamic bond market. (Reuters, GulfBase.com)  Shaker Group, KPMG sign deal – Al Hassan Ghazi Ibrahim Shaker Company (Shaker Group) has signed an agreement with KPMG for the business transformation project that starts with business process improvement and selection of the most suitable Enterprise Resource Planning system (ERP). Shaker Group is the exclusive agent for various global brands such as LG, Indesit, Ariston, Maytag and Midea. The company aims to establish the finest and most innovative approach of investing in its resources, through the formation of an integrated project customized for the company under the naming of Project Synergy. (GulfBase.com)  Tadawul deposits Al Hokair’s IPO shares – The Saudi Stock Exchange (Tadawul) announced that the IPO shares of Abdul Mohsen Al-Hokair Group for Tourism & Development Company (Al Hokair) have been deposited into applicable investor’s portfolios on June 16, 2014. (Tadawul)  KHC to invest $400mn in Rizvi Fund – Saudi-based Kingdom Holding Company (KHC) is planning to invest about $400mn in the Rizvi Opportunistic Equity Fund III. The fund is specialized in pre-IPO opportunities in well-known companies in the US with a focus on technology, commerce and social media. (Bloomberg)
  • 4. Page 4 of 5  Etisalat partners with UAE Exchange to simplify bill payments – Emirates Telecommunications Corporation (Etisalat) has signed a partnership deal with the UAE Exchange to offer seamless payment solutions to significantly enhance customer convenience across the country. (GulfBase.com)  Samena Capital acquires 30.6% stake in RAK Ceramics – Samena Capital has completed the acquisition of 250mn shares or 30.6% stake in Ras Al Khaimah Ceramic Company (RAK Ceramics), from the ruling family of Ras Al Khaimah. The family will continue to maintain a significant holding in the business. The acquisition was made through Samena Capital’s subsidiary, Samena Limestone Holdings, and its consortium including two sovereign Gulf wealth funds. (GulfBase.com)  AJG signs debt restructuring deal – Al Jaber Group (AJG) has signed a debt restructuring deal with its bank creditors. The size of debt renegotiated has not yet been revealed, but bankers had expected it to be around $4.5bn. AJG's creditor committee is chaired by the National Bank of Abu Dhabi and includes Abu Dhabi Commercial Bank, HSBC, RBS and Union National Bank. (Reuters)  Al Madina expects robust Takaful growth in Oman – Al Madina Takaful Company’s CEO, Gautam Datta, said that the company is expecting a robust growth in Takaful insurance business in Oman. Al Madina is expecting the Omani market to grow around OMR60-70mn in the worst case scenario and OMR150-180mn in the best case scenario in the next three to five years. (GulfBase.com)  OPWP plans 2,600MW new power capacity – The Oman Power & Water Company (OPWP) has announced plans for the procurement of 2,600 megawatts (MW) of new electricity generation capacity in the single largest ramp-up of the country’s power generation infrastructure. The new facility will be developed within the main interconnected system, which covers much of the northern half of the Sultanate. OPWP has floated request for qualifications from international developers ahead of the launch of a competitive tender for licenses in the form of Independent Power Projects (IPPs). New IPPs will together surpass the 2,000 MW project of Phoenix Power Company, which is scheduled to come into operation at Sur in South Sharqiyah Governorate. Built at a cost of around $1.65bn, the Sur project presently ranks as the Sultanate’s biggest green- field independent power scheme. (Bloomberg)  Oman MoTC floats tenders for roads – Oman’s Ministry of Transport & Communications (MoTC) has floated four tenders seeking bids from contracting companies to design and build internal roads and roundabouts in three governorates. (Bloomberg)  Batelco wins $211.1mn case against Siva Group – Bahrain Telecommunications Company (Batelco) has won a legal battle against its former Indian partner, Siva Group. A British court has ruled in Batelco’s favor, ordering Siva Group to pay $211.1mn to Batelco for failing to fulfill a previous agreement. Batelco through its wholly-owned subsidiary, BMIC had sued Siva Group and its Chairman Chinnakannan Sivasankaran for $174.5mn, which it had paid for a 43% stake in Indian operator S Tel in 2009, plus $10.3mn and a further $30,000 a day. Earlier in February 2012, S Tel was ordered to be stripped of its licenses as part of a corruption probe that pre-dated Batelco's investment. The Bahraini firm then announced it was selling its stake in S Tel back to Siva, but when Siva failed to pay within the deadline, Batelco launched legal proceedings. (Bahrain Bourse, Reuters)
  • 5. Contacts Saugata Sarkar Abdullah Amin, CFA Shahan Keushgerian Head of Research Senior Research Analyst Senior Research Analyst Tel: (+974) 4476 6534 Tel: (+974) 4476 6569 Tel: (+974) 4476 6509 saugata.sarkar@qnbfs.com.qa abdullah.amin@qnbfs.com.qa sahbi.alkasraoui@qnbfs.com.qa Sahbi Kasraoui Ahmed Al-Khoudary QNB Financial Services SPC Manager – HNWI Head of Sales Trading – Institutional Contact Center: (+974) 4476 6666 Tel: (+974) 4476 6544 Tel: (+974) 4476 6548 PO Box 24025 sahbi.alkasraoui@qnbfs.com.qa ahmed.alkhoudary@qnbfs.com.qa 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 90.0 100.0 110.0 120.0 130.0 140.0 150.0 160.0 170.0 180.0 190.0 200.0 210.0 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 QE Index S&P Pan Arab S&P GCC (2.0%) (1.6%) (0.5%) (0.5%) 0.3% (1.0%) (3.1%)(3.6%) (2.4%) (1.2%) 0.0% 1.2% SaudiArabia Qatar Kuwait Bahrain Oman AbuDhabi Dubai Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD% Gold/Ounce 1,271.88 (0.4) (0.4) 5.5 DJ Industrial 16,781.01 0.0 0.0 1.2 Silver/Ounce 19.67 (0.1) (0.1) 1.0 S&P 500 1,937.78 0.1 0.1 4.8 Crude Oil (Brent)/Barrel (FM Future) 112.94 (0.4) (0.4) 1.9 NASDAQ 100 4,321.11 0.2 0.2 3.5 Natural Gas (Henry Hub)/MMBtu 4.70 0.7 0.7 8.2 STOXX 600 345.52 (0.4) (0.4) 5.3 LPG Propane (Arab Gulf)/Ton 104.00 0.4 0.4 (17.8) DAX 9,883.98 (0.3) (0.3) 3.5 LPG Butane (Arab Gulf)/Ton 122.75 (0.1) (0.1) (9.6) FTSE 100 6,754.64 (0.3) (0.3) 0.1 Euro 1.36 0.3 0.3 (1.2) CAC 40 4,510.05 (0.7) (0.7) 5.0 Yen 101.83 (0.2) (0.2) (3.3) Nikkei 14,933.29 (1.1) (1.1) (8.3) GBP 1.70 0.1 0.1 2.6 MSCI EM 1,046.28 (0.3) (0.3) 4.3 CHF 1.11 0.3 0.3 (0.5) SHANGHAI SE Composite 2,085.98 0.7 0.7 (1.4) AUD 0.94 (0.0) (0.0) 5.4 HANG SENG 23,300.67 (0.1) (0.1) (0.0) USD Index 80.47 (0.1) (0.1) 0.5 BSE SENSEX 25,190.48 (0.1) (0.1) 19.0 RUB 34.65 0.7 0.7 5.4 Bovespa 54,629.55 (0.3) (0.3) 6.1 BRL 0.45 (0.5) (0.5) 5.7 RTS 1,357.80 (1.2) (1.2) (5.9) 180.5 149.3 129.2