Page 1 of 5
QE Intra-Day Movement
Qatar Commentary
The QE index rose 1.0% to close at 12,098.5. Gains were led by the Cons...
Page 2 of 5
Qatar Market Commentary
 The QE index rose 1.0% to close at 12,098.5. The Consumer
and Insurance indices led ...
Page 3 of 5
intent to disclose the company’s 1Q2014 financial results April
24, 2014. (QE)
 QIMD to disclose 1Q2014 resul...
Page 4 of 5
 Waha Capital disposes AerLift stake – Waha Capital
announced that it has sold its stake in AerLift Leasing t...
Contacts
Saugata Sarkar Keith Whitney Sahbi Kasraoui
Head of Research Head of Sales Manager - HNWI
Tel: (+974) 4476 6534 T...
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6 April Daily market report

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6 April Daily market report

  1. 1. Page 1 of 5 QE Intra-Day Movement Qatar Commentary The QE index rose 1.0% to close at 12,098.5. Gains were led by the Consumer and Insurance indices, gaining 3.8% and 3.2% respectively. Top gainers were Mazaya Qatar Real Est. Dev. and Qatari Investors Group, rising 10.0% and 9.9% respectively. Among the top losers, Qatar National Cement Co. fell 1.5%, while Al Khaliji declined 1.4%. GCC Commentary Saudi Arabia: The TASI index fell 0.3% to close at 9,531.4. Losses were led by the Hotel & Tourism and Banking & Fin. Indices, falling 2.7% and 0.6%respectively. Shaker fell 4.1% while Al-Tayyar was down 3.3%. Dubai: The DFM index fell 0.6% to close at 4,589.7. The services index declined 2.9% while the Telecommunication index was down 1.5%. Oman Insurance fell 4.5% while Al Salam Sudan was down 3.9%. Abu Dhabi: The ADX benchmark index rose 0.9% to close at 4,966.4. The Real Estate index gained 6.0% while the Energy Index was up 4.8%. RAK Properties surged 13.8% while Dana Gas was up 9.4% Kuwait: The KSE index gained 0.1% to close at 7,583.2. The Telecommunication index rose 2.1% while the Consumer Services index was up 0.6%. Pearl of Kuwait was gained 9.1% while Gulf Finance was up 7.9%. Oman: The MSM index declined 0.1% to close at 6,769.6. Losses were led by the Services and Industrial indices, falling 0.3% and 0.1% respectively. Renaissance declined 2.3%, while Al Batinah Dev. Inv. Hold. was down 2.1%. Bahrain: The BHB index gained 0.5% to close at 1,373.9. The Investment Index rose 3.0%, while the Services Index was up 0.5%. Arab Banking Corporation rose 9.3%, while Bahrain Family Leisure Co. was up 3.6%. Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD% Mazaya Qatar Real Est. Dev. 16.72 10.0 4,081.0 36.0 Qatari Investors Group 61.30 9.9 2,366.0 27.7 Vodafone Qatar 14.05 8.6 12,841.1 20.8 Gulf Warehousing Co. 48.20 7.1 99.3 8.4 Al Meera Consumer Goods Co. 171.10 5.5 243.2 21.7 Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD% Vodafone Qatar 14.05 8.6 12,841.1 20.8 Mazaya Qatar Real Est. Dev. 16.72 10.0 4,081.0 36.0 Qatar & Oman Investment Co. 13.51 0.4 3,037.0 7.5 Qatari Investors Group 61.30 9.9 2,366.0 27.7 United Development Co. 21.30 1.7 1,985.8 -2.7 Market Indicators 6 Apr 14 3 Apr 14 %Chg. Value Traded (QR mn) 1,187.4 720.6 64.8 Exch. Market Cap. (QR mn) 673,322.2 668,463.0 0.7 Volume (mn) 38.2 19.6 94.4 Number of Transactions 12,876 8,558 50.5 Companies Traded 40 41 (2.4) Market Breadth 33:7 32:8 – Market Indices Close 1D% WTD% YTD% TTM P/E Total Return 17,824.86 1.0 1.0 21.3 N/A All Share Index 3,075.37 1.0 1.0 20.0 15.2 Banks 2,941.89 0.3 0.3 20.7 14.8 Industrials 4,221.37 0.7 0.7 21.5 15.9 Transportation 2,089.81 1.0 1.0 13.6 13.9 Real Estate 2,305.00 1.2 1.2 19.5 15.0 Insurance 2,901.24 3.2 3.2 28.1 7.9 Telecoms 1,578.50 2.1 2.1 10.8 22.8 Consumer 7,060.91 3.8 3.8 23.2 32.2 Al Rayan Islamic Index 3,703.89 2.5 2.5 25.0 17.9 GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD% Qatari Investors Group Qatar 61.30 9.9 2,366.0 40.3 Arab Banking Corp Bahrain Brse 0.59 9.3 110.0 57.3 Vodafone Qatar Qatar 14.05 8.6 12,841.1 31.2 Dana Gas Abu Dhabi 0.92 8.2 194,285.9 1.1 Saudi Public Transport Saudi Arabia 31.30 7.6 11,493.8 15.5 GCC Top Losers## Exchange Close# 1D% Vol. ‘000 YTD% Com. Bank of Kuwait Kuwait 0.79 (6.0) 1.4 6.8 Al-Hassan G.I. Shaker Saudi Arabia 81.50 (4.1) 269.4 16.8 Al Tayyar Travel Group Saudi Arabia 125.50 (3.3) 513.0 46.6 Gulf Bank Kuwait 0.38 (2.6) 1,293.5 1.3 Sahara Petrochemical Saudi Arabia 20.95 (2.6) 5,483.8 5.8 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% Qatar National Cement Co. 128.00 (1.5) 28.6 9.2 Al Khaliji 22.45 (1.4) 315.0 13.9 Doha Insurance Co. 23.20 (0.9) 24.3 (6.4) Industries Qatar 185.50 (0.5) 154.8 10.4 Commercial Bank of Qatar 65.50 (0.3) 334.0 11.4 Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD% Vodafone Qatar 14.05 8.6 178,031.2 20.8 Qatari Investors Group 61.30 9.9 137,907.6 27.7 Barwa Real Estate Co. 37.80 0.1 69,179.2 26.7 Mazaya Qatar Real Est. Dev. 16.72 10.0 65,893.9 36.0 Masraf Al Rayan 42.40 2.5 61,461.2 32.1 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* 12,098.46 1.0 5.4 3.9 16.6 326.1 184,894.3 15.4 2.0 4.1 Dubai 4,589.68 (0.6) 4.8 3.1 36.2 582.9 91,172.4 20.0 1.7 2.2 Abu Dhabi 4,966.36 0.9 2.3 1.5 15.8 427.3 131,071.9 15.0 1.8 3.6 Saudi Arabia 9,531.40 (0.3) 1.1 0.6 11.7 2,438.1 516,670.8 19.6 2.4 3.1 Kuwait 7,583.22 0.1 (0.0) 0.1 0.4 105.9 117,161.1 17.1 1.2 3.9 Oman 6,769.55 (0.1) (2.2) (1.3) (1.0) 16.7 24,462.8 11.3 1.6 3.9 Bahrain 1,373.88 0.5 2.5 1.3 10.0 4.7 52,304.3 9.7 0.9 5.0 Source: Bloomberg, Qatar Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any) 11,900 11,950 12,000 12,050 12,100 12,150 9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00
  2. 2. Page 2 of 5 Qatar Market Commentary  The QE index rose 1.0% to close at 12,098.5. The Consumer and Insurance indices led the gains. The index rose on the back of buying support from non-Qatari shareholders despite selling pressure from Qatari shareholders.  Mazaya Qatar Real Est. Dev. and Qatari Investors Group were the top gainers, rising 10.0% and 9.9% respectively. Among the top losers, Qatar National Cement Co. fell 1.5%, while Al Khaliji declined 1.4%.  Volume of shares traded on Sunday rose by 94.4% to 38.2mn from 19.6mn on Thursday. Further, as compared to the 30-day moving average of 16.5mn, volume for the day was 133.7% higher. Vodafone Qatar and Mazaya Qatar Real Est. Dev. were the most active stocks, contributing 33.6% and 10.7% to the total volume respectively. Source: Qatar Exchange (* as a % of traded value) Earnings Earnings Releases Company Market Currency Revenue (mn)4Q2013 % Change YoY Operating Profit (mn) 4Q2013 % Change YoY Net Profit (mn) 4Q2013 % Change YoY Yanbu Cement Co. Saudi Arabia SR – – 213.0 -16.5% 205.0 -17.0% ADVANCED PETROCHEMICAL COMPANY Saudi Arabia SR – – 139.0 14.2% 137.0 16.2% Almarai Company Saudi Arabia SR 2718.9 12.8% 310.4 3.2% 273.6 7.3% JARIR MARKETING CO Saudi Arabia SR 1398.9 5.2% 199.9 11.2% 201.3 11.3% United Wire Factories Company Saudi Arabia SR – – 30.9 -21.4% 30.4 -23.2% Yanbu Cement Co. Saudi Arabia SR – – 213.0 -16.5% 205.0 -17.0% Source: Company data, DFM, ADX, MSM News Qatar  KCBK to expand in UAE corporate banking – Qatar-based Al Khalij Commercial Bank (KCBK) has its eyes set on taking its expertise in premium banking to its second home, the UAE. The bank’s Group CEO Robin McCall said that its success in the corporate arena has been well recognized in the Qatari market for many years. Building on this reputation, McCall said the bank is now extending it into the UAE where its principle focus will be on the commercial contracting segment. KCBK currently has four branches in the UAE through its French subsidiary. (Gulf- Times.com)  QGRI signs a leasing contract with QP for WTCT – Qatar General Insurance & Reinsurance Company (QGRI) has signed a leasing contract with Qatar Petroleum (QP), allowing QP to lease the entire World Trade Centre Tower (WTCT) owned by QGRI located at the Cornish of Doha. (QE)  Alijarah Equipment increases its fleet with 45 vehicles – Alijarah Equipment Company (AEQ), a subsidiary of Alijarah Holding Company, is taking a step toward enlarging its fleet by adding 45 trucks. Alijarah Holding declared that enriching AEQ’s fleet reflects the company’s strategy of increasing the capabilities of its subsidiaries. (QE)  Aamal eyes growth with advanced pipes unit – Aamal Company is pinning hopes on its advanced pipes & casts unit, which is slated to begin commercial production this year, as Qatar’s robust infrastructure investments have thrown open numerous opportunities for manufacturing industries. Aamal’s Managing Director Tarek M. El-Sayed said that the company is excited about the prospect of beginning the commercial production of its Advanced Pipes & Casts Company in 2014. (Gulf-Times.com)  Alfardan, Kempinski to launch 5-star hotel Marsa Malaz Kempinski – Alfardan Hospitality and Kempinski Hotels are set to jointly launch Marsa Malaz Kempinski–The Pearl, Doha in the last quarter in 2014. Conceived to be the ultimate waterfront hotel destination in the region, the private island development over an area of 500,000 square feet will offer five-star luxury services by providing guests with an extraordinary island experience. This is the second project undertaken by Alfardan Hospitality in partnership with the international hospitality group, Kempinski Hotels, which collaborated on the development of Doha’s tallest hotel tower, the Kempinski Residences & Suites. (Peninsula Qatar)  Al-Ahli Hospital gets Australian accreditation – Medicare Group (MCGS) announced that Al-Ahli Hospital has received the recommendation of the Australian Council on Healthcare Standards for Accreditation (ACHSI) for the next four years. It is expected that the official issuance of the accreditation certificate will take place within the next six weeks. (QE)  QEWS to disclose 1Q2014 financials on April 21 – Qatar Electricity & Water Company (QEWS) has announced its intent to disclose the company’s 1Q2014 results on April 21, 2014. (QE)  QATI to publish 1Q2014 results on April 15 – The Qatar Insurance Company (QATI) has announced its intent to disclose the company’s 1Q2014 results on April 15, 2014. (QE)  QGRI to disclose 1Q2014 results on April 24 – Qatar General Insurance & Reinsurance Company (QGRI) has announced its Overall Activity Buy %* Sell %* Net (QR) Qatari 75.52% 76.94% (16,848,418.69) Non-Qatari 24.48% 23.05% 16,848,418.69
  3. 3. Page 3 of 5 intent to disclose the company’s 1Q2014 financial results April 24, 2014. (QE)  QIMD to disclose 1Q2014 results on April 27 – Qatar Industrial Manufacturing Company (QIMD) has announced its intent to disclose the company’s 1Q2014 results on April 27, 2014. (QE)  AKHI to disclose 1Q2014 results on April 23 – Al Khaleej Takaful Group (AKHI) has announced its intent to disclose the company’s 1Q2014 results on April 23, 2014. (QE)  QE suspends trading in WDAM’s shares on April 7 – The Qatar Exchange (QE) has announced a trading suspension of Widam Food Company’s (WDAM) shares on April 7, 2014 due to the company’s AGM being held on that day. (QE) International  ECB: Eurozone needs low, possibly lower rates – The European Central Bank’s Executive Board Member Benoit Coeure said Eurozone countries are experiencing a recovery but lower interest rates may be needed to nurture it. Coeure said that the ECB considers that the recovery has already arrived, but it is gradual and fragile. Therefore, the ECB wants to accompany it with low, or possibly lower, interest rates, over a prolonged period. He said the ECB did not see further quantitative easing measures as necessary for the time being. The ECB opened the door to possibly turning on its money- printing presses to boost the Eurozone economy and keep inflation from staying too low. It has kept interest rates steady at 0.25% at its recent meeting, but ECB President Mario Draghi said the central bank is unanimous that asset purchases, also known as quantitative easing, might be needed to tackle inflation if it proved persistently low. (Reuters)  BoJ seen doubling ETF purchases in next round of monetary easing – A Bloomberg News survey of economists showed Japan’s central bank is likely to double its purchases of exchange-traded funds in a second round of monetary easing under Governor Haruhiko Kuroda over coming months. The Bank of Japan (BoJ) is set increase its annual ETF purchases to 2tn yen, which is also forecast to leave its target for yearly expansion of the monetary base unchanged at around 60-70tn yen ($674bn). The bank could boost its annual bond purchases by at least 10tn yen, with July being most favored for a policy move. While Kuroda pointed to trillions of dollars of financial assets that the BoJ could buy before he took the helm in March 2013, the survey signals little change in tactics. Evidence of budding inflation expectations among Japanese companies may restrain more ambitious plans, such as open-ended ETF purchases, even as the economy slows down due to this month’s sales-tax increase. (Bloomberg)  World Bank trims 2014 growth forecasts for East Asia – The World Bank has trimmed its 2014 growth forecast for developing East Asia, but said the region's economies are likely to see steady growth in the next couple of years, helped by a pick-up in global growth and trade. The international development bank expects the developing East Asia & Pacific (EAP) region to grow 7.1% in 2014, 2015, and 2016, down from the 7.2% rate it had previously forecast. The World Bank said a stronger global growth will help most developing EAP countries grow at a steady pace, while they adjust to tighter global financial conditions. Tailwinds from improving global trade will offset the headwinds from the tightening of global financial markets. Emerging markets, including those in Asia, had been roiled by capital outflows during May to September 2013 as investors began positioning for the US Federal Reserve’s tapering. (Reuters) Regional  Saudi CMA announces IPO of Umm Al-Qura Cement – The Saudi Capital Market Authority (Saudi CMA) gave the go-ahead to Umm Al-Qura Cement Company to float 27,500,000 shares, representing 50% of the company’s capital, in an IPO. The shares will be offered at SR10 each, and the subscription will run from April 29, 2014 to May 5, 2014. (Tadawul)  Saudi CMA suspends Rasmala’s securities business license – Saudi CMA decided to suspend the license granted to Rasmala Investment Saudi Company to conduct arranging & advising activities, due to inactivity in its securities business for a period of 12 months. In addition, the company was granted an extension of two months upon its request to finalize the liquidation of its business. (Tadawul)  SHB reports SR416.97mn net profit for 1Q2014 – Saudi Hollandi Bank (SHB) reported that its net profits have risen 20.42% YoY and 20.06% QoQ in 1Q2014. Total profit was up 29.67% at SR757.16mn. Earnings per share rose from SR0.73 to SR0.88 for 1Q2014. Total assets rose 17.03% to SR85.023bn, while investments were up 30.74% at SR19.249bn. Loans & advances rose 18.17% to SR57bn, while customer deposits were up 16.24% to SR65.799bn. (Tadawul)  Riyad Bank earns SR1.079bn net profit in 1Q2014 – Saudi- based Riyad Bank has reported a net profit of SR1.079bn, up from SR951mn a year earlier, showing a YoY gain of 13.46% and a rise of 4.76% QoQ. The bank showed quarterly EPS of SR0.72, up from SR0.63 in 1Q2012. Total assets were up 13.38% at SR211.4bn, while investments rose 45.63% to SR46.587bn. Loans & advances were up 13.11% at SR136.77bn, while customer deposits rose 11.1% to SR159.947bn. (Tadawul)  Al-Khodari Sons signs SR87mn contract with RCJY – Abdullah A. M. Al-Khodari Sons Company signed a contract worth SR87mn with the Royal Commission for Jubail & Yanbu (RCJY) for the engineering, procurement & construction of 33KV switch stations. The contract needs to be completed in 30 months from the date of site handing over and its financial impact is expected to start in 2Q2014. (Tadawul)  AIG ANB obtains SAMA’s approval for insurance products – MetLife AIG ANB Cooperative Insurance Company (AIG ANB) has obtained approval from the Saudi Arabian Monetary Agency (SAMA) to use of 22 insurance products for the next three months. (Tadawul)  Emirates REIT expands IPO due to strong demand – Dubai- based real estate investment trust Emirates REIT, (the emirate's first IPO since its financial crisis erupted in 2009) said it had expanded the size of its IPO of shares on NASDAQ Dubai because of strong demand. Emirates REIT will raise $175mn in the IPO, which was 3.5 times oversubscribed, by selling 128.68mn new shares. In addition, up to 19.30mn shares will be sold under over-allotment arrangements. (Reuters)  DFM accredits Pioneers Securities, Al Dhafra for margin trading – The Dubai Financial Market (DFM) announced that Pioneers Securities and Al Dhafra Financial Broker have been accredited to provide margin trading activities, lifting the total number of DFM brokerage firms to 18 companies. Margin trading permits brokerage companies to fund a percentage of the market value of securities traded, and secure as collateral for the same securities or any other collateral as required by the SCA’s license. DFM is currently processing similar applications from other brokerage firms in collaboration with the Securities & Commodities Authority (SCA). (DFM)
  4. 4. Page 4 of 5  Waha Capital disposes AerLift stake – Waha Capital announced that it has sold its stake in AerLift Leasing to a newly-established US-based aircraft leasing platform. AerLift Leasing was established in 2010, with Waha Capital owning 60.7% shareholding. The company currently owns a portfolio of 11 commercial aircraft operated by a number of international airlines. Goldman Sachs served as the advisor to Waha Capital on this deal. (ADX)  ADIB, Bardays sign deal on UAE retail banking – Abu Dhabi Islamic Bank (ADIB) signed an agreement to acquire the retail banking business of Barclays Bank in the UAE. It is anticipated that the transaction will result in 110,000 new customers joining ADIB and is expected to cost AED650mn. The acquisition is subject to UAE Central Bank’s approval. Once completed, Barclays' customers will enjoy access to one of the largest branch networks in the country along with an enhanced range of market-leading financial solutions. (ADX)  NIG says signs MoU to sell 30% of Noor for $99mn – Kuwait's National Industries Group has signed a MoU to sell a 29.9% stake in Noor Financial Investment Company to an unidentified buyer for $99.43mn. National Industries owns 50.4% of Noor. The deal will bring it a profit of 7.5 million dinars. (Reuters)  Voltamp Energy appoints Acting CEO – Basant Bhageria, Finance Controller has been appointed as the Acting CEO for Voltamp Energy from April 4, 2014, until a new CEO assumes office. Bhageria shall take over the day-to-day responsibilities of the company, and will report to the board of directors. (MSM)  Renaissance Services declares 10% dividend – Renaissance Services’ AGM has approved the distribution of 10% cash dividend on the paid-up share capital for the year ended December 31, 2013. This dividend is payable to shareholders who are registered on March 26, 2014 with Muscat Clearing & Depository Co. (MCD). The Company has entered into an agreement with MCD under which MCD will directly distribute the dividends to the Shareholders. (MSM)  NAPCO appoints general manager – The National Aluminium Product Company (NAPCO) has appointed Robert Hoktkamp as its General Manager. Hoktkamp has around 20 years experience in the fields of marketing, business development and management in the Middle East, Europe, Africa and Asia Pacific. (MSM)  Al Hassan Engineering wins $11mn contract from Daelim Petrofac – Al Hassan Engineering Company has received a letter of intent from Daelim Petrofac SRIP Joint Venture for site preparation & traffic diversion works valued at around $11mn. The work is expected to be completed by October 2014. The company expects to earn reasonable income from this project. (MSM)  Investcorp, Eyck Capital form strategic relationship – Bahrain-based investment company Investcorp is seeking exposure to distressed debt in Europe through a tie-up with Eyck Capital Management, a London-based investment management firm. Investcorp will provide Eyck Capital with funds as the newly established investment London-based firm founded by former hedge fund principal, Khing Oei invests in opportunities related to highly leveraged companies in Europe, using instruments including bonds, credit default swaps and equities. Although Investcorp did not reveal how much money it was investing, but in the past, it had provided seed and acceleration capital in the range of $50-100mn. (Reuters)  HSBC Bank Oman shareholders approve cash dividend – HSBC Bank Oman’s shareholders approved a cash dividend payout of 38 baisas per share with a nominal value of 100 baisas during the Bank’s annual general meeting. The cash dividends, which amount to 7.6mn rials for the year ended December 31, 2013, was a 280% increase against the previous year. (Bloomberg)
  5. 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 (0.3%) 1.0% 0.1% 0.5% (0.1%) 0.9% (0.6%)(0.9%) (0.4%) 0.0% 0.4% 0.9% 1.3% SaudiArabia Qatar Kuwait Bahrain Oman AbuDhabi Dubai Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD% Gold/Ounce 1,303.47 (0.0) (0.0) 8.1 DJ Industrial 16,572.55 0.0 0.0 (1.0) Silver/Ounce 19.95 (0.0) (0.0) 2.5 S&P 500 1,888.77 0.0 0.0 0.9 Crude Oil (Brent)/Barrel (FM Future) 105.91 (0.8) (0.8) (4.4) NASDAQ 100 4,237.74 0.0 0.0 (1.2) Natural Gas (Henry Hub)/MMBtu 4.48 0.0 0.0 3.1 STOXX 600 337.25 0.0 0.0 3.3 LPG Propane (Arab Gulf)/Ton 108.00 0.0 0.0 (14.5) DAX 9,628.82 0.0 0.0 1.5 LPG Butane (Arab Gulf)/Ton 121.00 0.0 0.0 (11.4) FTSE 100 6,649.14 0.0 0.0 (0.8) Euro 1.37 (0.0) (0.0) (0.3) CAC 40 4,449.33 0.0 0.0 4.4 Yen 103.28 (0.0) (0.0) (1.9) Nikkei 15,071.88 0.0 0.0 (7.5) GBP 1.66 (0.0) (0.0) 0.1 MSCI EM 1,000.17 0.0 0.0 (0.1) CHF 1.12 0.1 0.1 0.2 SHANGHAI SE Composite 2,043.70 0.0 0.0 (2.7) AUD 0.93 (0.0) (0.0) 4.2 HANG SENG 22,565.08 0.0 0.0 (3.4) USD Index 80.43 0.0 0.0 0.5 BSE SENSEX 22,509.07 0.0 0.0 5.6 RUB 35.27 0.0 0.0 7.3 Bovespa 51,408.21 0.0 0.0 (0.8) BRL 0.45 0.0 0.0 5.4 RTS 1,210.71 0.0 0.0 (14.4) 173.8 150.9 136.8

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