The QSE Index in Qatar declined 0.3% to close at 11,837.7 led by losses in the Industrials and Insurance indices. Qatar General Insurance & Reinsurance Co. and Dlala Brokerage & Investments Holding Co. were the top losers, falling 2.6% and 2.1% respectively. Volume of shares traded fell by 40.3% compared to the previous day. Regional indices were mixed with Saudi Arabia down 0.5% while Abu Dhabi rose 0.1%.
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QSE Intra-Day Movement
1. Page 1 of 9
QSE Intra-Day Movement
Qatar Commentary
The QSE Index declined 0.3% to close at 11,837.7. Losses were led by the Industrials and
Insurance indices, falling 0.6% each. Top losers were Qatar General Insurance &
Reinsurance Co. and Dlala Brokerage & Investments Holding Co., falling 2.6% and 2.1%,
respectively. Among the top gainers, Medicare Group gained 2.0%, while Gulf
Warehousing Co. was up 1.4%.
GCC Commentary
Saudi Arabia: The TASI Index fell 0.5% to close at 7,776.7. Losses were led by the
Transport and Real Estate Dev. indices, falling 1.3% and 0.9%, respectively. Saudi
International Petrochem. fell 3.6%, while Saudi Ground Services was down 3.5%.
Dubai: The DFM Index declined 0.3% to close at 3,712.1. The Transportation index fell
1.0% and Banks index declined 0.9%, respectively. Dubai Islamic Bank declined 1.9%,
while Al-Madina for Finance and Investment Co. was down 1.8%.
Abu Dhabi: The ADX benchmark index rose marginally to close at 4,564.4. The
Telecommunication index gained 1.3%, while the Real Estate rose 0.4%. Bank of
Sharjah gained 1.9%, while RAK Properties was up 1.6%.
Kuwait: The KSE Index declined marginally to close at 5,731.3. The Technology index
fell 2.5%, while the Banks index declined 0.7%. Kuwait Cable Vision fell 8.5%, while
Automated Systems Co. was down 6.7%.
Oman: The MSM Index fell 0.6% to close at 5,929.0. Losses were led by the Industrial
and Services indices, falling 0.8% and 0.3%, respectively. HSBC Bank Oman fell 4.1%,
while National Gas was down 3.7%.
Bahrain: The BHB Index declined 0.2% to close at 1,249.3. The Hotel & Tourism index
fell 1.3%, while the Investment index declined 0.9%. United Gulf Bank fell 6.3%, while
Gulf Hotel Group was down 1.8%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Medicare Group 177.30 2.0 2.6 51.5
Gulf Warehousing Co. 63.20 1.4 37.3 22.8
Mesaieed Petrochemical Hold. Co. 21.80 1.1 612.1 (26.1)
Commercial Bank 56.90 1.1 120.5 (8.6)
Ahli Bank 49.50 1.0 2.0 (0.3)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Vodafone Qatar 14.98 (0.1) 646.0 (8.9)
Mesaieed Petrochemical Hold. Co. 21.80 1.1 612.1 (26.1)
Ezdan Holding Group 19.90 0.0 542.9 33.4
Mazaya Qatar Real Estate Dev. 16.70 (1.5) 417.6 (8.4)
Masraf Al Rayan 44.40 0.0 382.5 0.5
Market Indicators 13 Oct 15 12 Oct 15 %Chg.
Value Traded (QR mn) 218.7 343.4 (36.3)
Exch. Market Cap. (QR mn) 620,658.2 622,264.1 (0.3)
Volume (mn) 5.2 8.7 (40.3)
Number of Transactions 3,887 5,418 (28.3)
Companies Traded 41 38 7.9
Market Breadth 9:25 23:12 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 18,400.02 (0.3) 0.7 0.4 12.1
All Share Index 3,145.61 (0.3) 0.7 (0.2) 12.2
Banks 3,168.28 (0.0) 0.5 (1.1) 12.8
Industrials 3,551.63 (0.6) 1.2 (12.1) 12.9
Transportation 2,490.12 0.3 (0.3) 7.4 12.1
Real Estate 2,832.44 (0.4) 0.7 26.2 9.0
Insurance 4,673.76 (0.6) (0.5) 18.1 12.4
Telecoms 1,068.79 (0.3) 2.5 (28.1) 30.1
Consumer 6,807.81 (0.3) 1.0 (1.4) 15.1
Al Rayan Islamic Index 4,503.26 (0.4) 1.1 9.8 13.1
GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD%
Nama Chemicals Co. Saudi Arabia 9.70 7.4 11,589.8 (9.3)
Bank Nizwa Oman 0.07 2.9 7,970.3 (11.2)
Saudi Electricity Co. Saudi Arabia 17.97 2.7 2,899.1 20.6
Burgan Bank Kuwait 0.40 2.6 709.7 (12.5)
Saudi Kayan Petro. Co. Saudi Arabia 10.10 2.5 13,416.2 (7.9)
GCC Top Losers## Exchange Close# 1D% Vol. ‘000 YTD%
Comm. Bank of Kuwait Kuwait 0.51 (5.6) 86.8 (19.0)
HSBC Bank Oman Oman 0.12 (4.1) 788.9 (17.7)
United Real Estate Co. Kuwait 0.09 (4.1) 11.0 (7.0)
National Real Est. Co. Kuwait 0.08 (3.8) 425.4 (38.8)
Saudi International Saudi Arabia 21.87 (3.6) 865.5 (17.6)
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)
QSE Top Losers Close* 1D% Vol. ‘000 YTD%
Qatar General Insur. & Reins. Co. 56.40 (2.6) 7.5 9.9
Dlala Brokerage & Inv Holding Co. 22.00 (2.1) 100.6 (34.2)
Barwa Real Estate Co. 45.50 (1.6) 222.4 8.6
Al Meera Consumer Goods Co. 241.00 (1.6) 11.1 20.5
Mazaya Qatar Real Estate Dev. 16.70 (1.5) 417.6 (8.4)
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
QNB Group 187.50 0.1 33,505.4 (11.9)
Masraf Al Rayan 44.40 0.0 16,973.4 0.5
Industries Qatar 126.00 (0.6) 16,723.1 (25.0)
Mesaieed Petrochemical Hold. Co. 21.80 1.1 13,376.6 (26.1)
Ezdan Holding Group 19.90 0.0 10,768.3 33.4
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 11,837.71 (0.3) 0.7 3.2 (3.6) 62.81 170,432.7 12.1 1.8 4.3
Dubai 3,712.09 (0.3) 0.2 3.3 (1.6) 89.37 96,370.6 12.9 1.2 6.7
Abu Dhabi 4,564.35 0.1 0.4 1.4 0.8 54.52 124,342.3 12.3 1.4 5.0
Saudi Arabia 7,776.74 (0.5) 1.2 5.0 (6.7) 1,343.53 469,071.0 16.5 1.8 3.3
Kuwait 5,731.26 (0.0) 0.4 0.1 (12.3) 43.25 88,914.7 14.6 1.0 4.5
Oman 5,928.98 (0.6) 1.0 2.4 (6.5) 14.36 23,984.1 11.4 1.3 4.4
Bahrain 1,249.34 (0.2) (0.4) (2.1) (12.4) 0.49 19,586.3 7.9 0.8 5.5
Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
11,780
11,800
11,820
11,840
11,860
11,880
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00
2. Page 2 of 9
Qatar Market Commentary
The QSE Index declined 0.3% to close at 11,837.7. The Industrials and
Insurance indices led the losses. The index fell on the back of selling
pressure from Qatari and GCC shareholders despite buying support from
non-Qatari shareholders.
Qatar General Insurance & Reinsurance Co. and Dlala Brokerage &
Investments Holding Co. were the top losers, falling 2.6% and 2.1%,
respectively. Among the top gainers, Medicare Group gained 2.0%, while
Gulf Warehousing Co. was up 1.4%.
Volume of shares traded on Tuesday fell by 40.3% to 5.2mn from 8.7mn on
Monday. Further, as compared to the 30-day moving average of 8.4mn,
volume for the day was 38.3% lower. Vodafone Qatar and Mesaieed
Petrochemical Holding Co. were the most active stocks, contributing 12.5%
and 11.9% to the total volume respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Earnings Releases, Global Economic Data and Earnings Calendar
Earnings Releases
Company Market Currency
Revenue (mn)
3Q2015
% Change
YoY
Operating Profit
(mn) 3Q2015
% Change
YoY
Net Profit (mn)
3Q2015
% Change
YoY
The National Company for
Glass Industries (ZOUJAJ)
Saudi Arabia SR 0.0 NA 2.1 -67.2% 6.3 -62.5%
The National Shipping
Company of Saudi Arabia
(Bahri)
Saudi Arabia SR 0.0 NA 545.3 490.1% 510.3 501.4%
Oman Foods International * Oman OMR 1.9 -26.6% 0.0 NA 0.0 NA
Shell Oman Marketing Co.
(SOMC) **
Oman OMR 252.8 -7.9% 0.0 NA 10.8 19.7%
Omani Euro Food Industries
(OEFI)
Oman OMR 1.4 -1.1% 0.0 NA -0.2 NA
Packaging Co. * Oman OMR 6.0 31.7% 0.0 NA 0.4 806.8%
Shurooq Investment Services
Holding Co. (SISCO) *
Oman OMR 0.2 -8.8% 0.0 NA -0.3 NA
Gulf Mushroom Products Co.
(GMPC) *
Oman OMR 4.6 -2.0% 0.0 NA 0.2 -3.1%
Construction Materials
Industries & Contracting
(CMI)
Oman OMR 1.7 -9.1% 0.0 NA 0.0 NA
Majan Glass Co. Oman OMR 7.6 -4.7% 0.0 NA -1.1 NA
Oman Chromite Co. (OCC) Oman OMR 1.4 -9.6% 0.0 NA 0.2 -55.0%
Al Anwar Holdings. * Oman OMR 5.3 34.9% 0.0 NA 3.5 71.7%
National Aluminium Products
Co. *
Oman OMR 18.5 36.9% 0.0 NA 0.6 19.8%
Gulf International Chemicals
(GIC) *
Oman OMR 3.0 7.2% 0.0 NA 0.7 181.6%
United Power Co. * Oman OMR 8.2 3.1% 0.0 NA 0.8 67.7%
Raysut Cement Co. * Oman OMR 69.4 -1.9% 0.0 NA 15.8 -24.3%
National Securities ** Oman OMR 0.1 -79.4% 0.0 NA -0.5 NA
Financial Services * Oman OMR 0.4 -47.4% 0.0 NA -0.1 NA
Oman Textile Holding Co.
(OHTC)
Oman OMR 3.2 149.1% 0.0 NA 0.9 NA
Oman Fisheries Co. * Oman OMR 11.0 -3.5% 0.0 NA -0.2 NA
Oman Cement Co. * Oman OMR 38.9 -7.4% 0.0 NA 7.0 -38.7%
Source: Company data, DFM, ADX, MSM (*9M2015 results, **6M 2015-16 results)
Overall Activity Buy %* Sell %* Net (QR)
Qatari 39.25% 45.54% (13,772,851.93)
GCC 10.11% 10.97% (1,873,842.76)
Non-Qatari 50.64% 43.49% 15,646,694.69
3. Page 3 of 9
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
10/13 US Nat'l Fed. of Ind. Business NFIB Small Business Optimism September 96.1 95.5 95.9
10/13 EU ZEW Zentrum fuer Europaeische ZEW Survey Expectations October 30.1 – 33.3
10/13 Germany Federal Statistical Off Wholesale Price Index MoM September -0.60% – -0.80%
10/13 Germany Federal Statistical Off Wholesale Price Index YoY September -1.80% – -1.10%
10/13 Germany ZEW Zentrum fuer Europaeische ZEW Survey Current Situation October 55.2 64.0 67.5
10/13 Germany ZEW Zentrum fuer Europaeische ZEW Survey Expectations October 1.9 6.5 12.1
10/13 UK ONS PPI Output Core NSA MoM September 0.10% 0.00% -0.10%
10/13 UK ONS PPI Output Core NSA YoY September 0.20% 0.20% 0.00%
10/13 UK ONS ONS House Price YoY August 5.20% 5.00% 5.20%
10/13 UK ONS CPI MoM September -0.10% 0.00% 0.20%
10/13 UK ONS CPI YoY September -0.10% 0.00% 0.00%
10/13 UK ONS CPI Core YoY September 1.00% 1.10% 1.00%
10/13 UK ONS Retail Price Index September 259.6 260.0 259.8
10/13 UK ONS RPI MoM September -0.10% 0.10% 0.50%
10/13 UK ONS RPI YoY September 0.80% 1.00% 1.10%
10/13 UK ONS RPI Ex Mort Int.Payments (YoY) September 0.90% 1.10% 1.20%
10/13 UK ONS PPI Input NSA YoY September -13.30% -13.00% -14.60%
10/13 UK ONS PPI Output NSA YoY September -1.80% -1.80% -1.90%
10/13 UK British Retail Consortium BRC Sales Like-For-Like YoY September 2.60% 1.50% -1.00%
10/13 China National Bureau of Statistics Trade Balance September $60.34bn $48.21bn $60.24bn
10/13 China National Bureau of Statistics Exports YoY September -3.70% -6.00% -5.50%
10/13 China National Bureau of Statistics Imports YoY September -20.40% -16.00% -13.80%
10/13 China Customs General Administration Exports YoY CNY September -1.10% -7.40% -6.10%
10/13 China Customs General Administration Imports YoY CNY September -17.70% -16.50% -14.30%
10/13 China Customs General Administration Trade Balance CNY September 376.20bn 292.42bn 368.03bn
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
Earning Calendar
Tickers Company Name Date of reporting 3Q2015 results No. of days remaining Status
QNBK QNB Group 7-Oct-15 - Reported
QIBK Qatar Islamic Bank 13-Oct-15 - Reported
ABQK Al Ahli Bank 14-Oct-15 - Reported
MRDS Mazaya Qatar 14-Oct-15 0 Due
QIGD Qatari investor group 19-Oct-15 5 Due
DBIS Dlala Brokerage & Investment Holding Company 19-Oct-15 5 Due
KCBK Al khalij Commercial Bank 20-Oct-15 6 Due
DOHI Doha Insurance 20-Oct-15 6 Due
QEWS Qatar Electricity & Water Company 20-Oct-15 6 Due
SIIS Salam International 20-Oct-15 6 Due
AKHI Al Khaleej Takaful 20-Oct-15 6 Due
IHGS Islamic Holding 20-Oct-15 6 Due
QIIK International Islamic Bank 20-Oct-15 6 Due
GWCS Gulf Warehousing Company 21-Oct-15 7 Due
QGTS Qatar Gas Transport Company (Nakilat) 21-Oct-15 7 Due
QIMD Industrial Manufacturing Company 22-Oct-15 8 Due
QNNS Qatar Navigation 24-Oct-15 10 Due
QATI Qatar Insurance 25-Oct-15 11 Due
MARK Masraf Al Rayan 25-Oct-15 11 Due
DHBK Doha Bank 25-Oct-15 11 Due
QISI Islamic Insurance 25-Oct-15 11 Due
QGRI General Insurance 25-Oct-15 11 Due
QOIS Qatar Oman 25-Oct-15 11 Due
MCGS Medicare Group 25-Oct-15 11 Due
UDCD United Development Company 26-Oct-15 12 Due
QFLS Qatar Fuel Company 26-Oct-15 12 Due
ERES Ezdan Real Estate Company 26-Oct-15 12 Due
MERS Al Meera Consumer Goods Company 27-Oct-15 13 Due
ORDS Ooredoo 28-Oct-15 14 Due
4. Page 4 of 9
AHCS Aamal Company 29-Oct-15 15 Due
NLCS National Leasing 29-Oct-15 15 Due
ZHCD Zad Holding Company 29-Oct-15 15 Due
QNCD National Cement Company - - -
CBQK Commercial Bank - - -
BRES Barwa Real Estate Company - - -
GISS Gulf International Services - - -
IQCD Industries Qatar - - -
MPHC Mesaieed Petrochemical Holding Co - - -
MCCS Mannai Corp. - - -
QCFS Qatar Cinema & Film Distribution Company - - -
WDAM Widam Food Co. - - -
QGMD Qatar German Company for Medical Devices - - -
VFQS Vodafone Qatar - - -
Source: QSE
News
Qatar
QIBK’s 3Q2015 QoQ net income growth driven by strong fees, cost
control and lower investment provisions – Qatar Islamic Bank
(QIBK) reported a net profit of QR515.24mn in 3Q2015, gaining by
4.2% QoQ (+27.3% YoY), in-line with our estimate of
QR494.01mn (+4.3% variation) vs. BBG consensus of
QR487.25mn. The bank generated net interest and investment
income of QR708.78mn, also in-line with our estimate
(QR705.05mn). Net interest and investment income declined by
3.3% QoQ (+24.5% YoY). The QoQ appreciation in net income was
aided by robust fees & commissions (+24.2% and +38.1% QoQ
and YoY, respectively), cost control (opex down by 2.6% QoQ
while the cost to income ratio improved to 29.1% vs. 29.9% and
32.9% in 2Q2015 and 3Q2014, respectively) and lower investment
provisions (down 18.0% QoQ). QIBK’s net loans expanded by 7.1%
QoQ (+37.5% YTD) to 82.05bn while deposits gained by 2.2% QoQ
(+30.1% YTD) to 86.63bn. As such QIBK’s LDR moved to 95% vs.
90% in 2Q2015 (101% in 3Q2014). The bank’s NPL ratio
improved to 0.7% vs. 0.9% at the end of 2014. Moreover QIBK’s
coverage ratio also improved to 106% vs. 94% at the end of 2014.
QIBK’s CAR stood at 14.2% at the end of 3Q2015. (QNBFS
Research, Company Financials)
QIBK mandate banks to arrange investor meetings for Sukuk
program – Qatar Islamic Bank (QIBK) has mandated Barwa Bank,
Citi, HSBC, Noor Bank, QInvest and Standard Chartered Bank as
Joint Lead Managers to arrange a series of fixed income investor
meetings in Asia, Middle East and Europe commencing on October
16, 2015. A benchmark USD Regulation S Senior Sukuk offering
under the existing QIBK Sukuk Ltd $1.5bn Trust Certificate
Issuance Program may follow subject to market conditions. (QSE)
ABQK 3Q2015 bottom-line slips QoQ due to muted investment gains
and flat net interest income, in-line with our estimate – Ahli Bank
(ABQK) reported a net profit of QR166.59mn in 3Q2015, declining
marginally by 1.7% QoQ (+7.2% YoY). Earnings were in-line with
our estimate of QR160.46mn (+3.8% variation). The marginal
decline in the sequential net profit was mainly due to drop in
income from investment securities to QR1.33mn vs. 18.82mn in
2Q2015. The net interest income was largely flat at QR185.15mn (-
3.8% YoY). The bank’s total assets grew by 2.6% YTD (down 3.3%
QoQ) to QR32.2bn in 3Q2015. ABQK’s loans & advances grew by
5.2% YTD (up 0.5% QoQ) to QR22.43bn, while customer deposits
rose 6.8% YTD (down 1.9% QoQ) to QR21.25bn. (QNBFS Research,
Company Financials)
ZHCD to disclose financial statements on October 29 – Zad Holding
Company (ZHCD) will announce its financial reports for the period
ending September 30, 2015 on October 29, 2015. (QSE)
QSE to hold introductory meeting to discuss GWCS rights issues –
The Qatar Stock Exchange (QSE) has invited brokers, journalists
and all interested investors to attend the introductory meeting,
which will be dedicated to discuss the rights issues of the Gulf
Warehousing Company (GWCS), which will start as of October 18,
2015. During the meeting, QSE will brief the attendees on the
rights issues mechanism, as well as its calculation and execution
methods in light of the approval obtained from the Qatar Financial
Markets Authority (QFMA). The meeting will be held in the
premises of QSE on October 15, 2015. (QSE)
Kahramaa hikes water, electricity tariffs – The Qatar General
Electricity and Water Corporation (Kahramaa) has hiked water
and electricity charges with effect from September 2015.
Consumers were surprised to receive the "inflated bills" in October
since there was no prior notification from Kahramaa about the
increase. However, the September bill which the consumers
received this month carried a note saying "The tariff has been
revised from September 2015". According to sources, the water
tariff which remained the same at QR4.40 per cubic meter for
consumers big and small earlier has been replaced by a slab
system, whereby customers will be charged on the basis of their
consumption. Customers still have to pay only QR4.40 per cubic
meter for up to 20 cubic meters of water. Those who consume
more will have to pay according to the following slab: QR5.40 per
cubic meter for 20 -50 cubic meters, QR6.40 for 50-100 and
QR7.40 for 100- 150 cubic meters. For electricity also a similar
hike has been applied. While the tariffs differed only after 4,000
kilowatt per hour (kwh) earlier, now the minimum rate of
QR0.08/kwh is applicable only to consumption up to 2,000 kwh.
Thereafter, the revised rate of QR0.09/kwh will be charged up to
consumption of 4,000kwh. Those using more than 4,000kwh will
have to pay QR0.10 per additional unit. There are additional slabs
for every 2,000kwh. Moreover, it is understood that villa
compounds and workers accommodations, mainly large labor
camps, may have to pay more as the combined use of electricity
and water in such places would attract higher rates than in
individual residential units. (Gulf-Times.com)
ERES installs water-saving devices in residential units – Ezdan Real
Estate Company (ERES) has completed installation of 120,000
water-saving devices in 7,000 of its residential units. The project
aims to reduce daily water consumption per capita by 40% to 60%
as part of implementation of a comprehensive plan to make the
group’s properties water-saving entities. The objective is in line
with the national program for conservation and energy efficiency
‘Tarsheed’, for which the group had signed a memorandum of
5. Page 5 of 9
understanding (MoU) with Qatar General Electricity & Water
Corporation (Kahramaa) in 2014. (Peninsula Qatar)
Fine of up to QR20,000 for wasting water – HH the Emir Sheikh
Tamim bin Hamad al-Thani has issued a law that seeks to
rationalize the use of water & electricity and imposes stringent
penalties on those found wasting these precious resources. Law No
20 for 2015, issued by the Emir, amends some provisions of Law
No 26 for 2008. The Cabinet had issued a draft law in this regard in
September 2015 after reviewing the Advisory Council’s
recommendations. The new law imposes a maximum fine of
QR20,000 on those, who use or authorize the use of drinking water
to wash vehicles or equipment or clean the yards of buildings and
facilities with water hoses or other means of direct flow. (Gulf-
Times.com)
Ministry: Overtime payments of workers must be sent to bank –
Local Arabic daily Al Sharq has reported that the Ministry of Labor
& Social Affairs (MOLSA) has affirmed that according to the Wage
Protection System (WPS), employers have to forward allowances
and overtime payments to the bank account of their workers.
MOLSA said that all the allowances and dues of a worker other
than his monthly salary could be added together and put under
extra wages category. (Gulf-Times.com)
Qatargas successfully completes gas fuel trials on Q-Max ship –
Qatargas and collaborators have announced the successful
completion of the second phase of main engine gas injection
system trials on Qatar Gas Transport Co. (Nakilat) owned Q-Max
Liquefied Natural Gas (LNG) ship Rasheeda. QNA reported that the
world’s top LNG producer and the globe’s premier integrated LNG
enterprise RasGas and Nakilat collaborated on the project that will
use the pioneering MEGI technology in maritime propulsion. The
trials involved commissioning Rasheeda’s gas burning M-Type
Electronically Controlled Gas Injection (MEGI) System. The Qatar
Petroleum-sponsored project cost stakeholders over $30mn. The
technology upgradation move pre-empts global environmental
legislation. (Peninsula Qatar)
Real estate trades surpass QR500mn – The total trading value in
real estate sales contracts registered with the Land Registry
Department of the Ministry of Justice during the period October 4
to 8, 2015 reached QR507.9mn. The real estate sales included
various types of plots of land, houses, various types of buildings
and residential units in the municipalities of Doha, Umm Salal, Al
Khor, Al Dhakira, Al Rayyan, Al Zain, Al Wakra and Al Shama.
(Peninsula Qatar)
QA to launch daily non-stop flights to Adelaide from May 2016 –
Qatar Airways (QA) will launch daily non-stop scheduled flights
between Doha and Adelaide on May 2, 2016. The airline has
embarked on a major expansion in Australia, recently announcing
the launch of daily flights to Sydney from March 1, 2016. Adelaide
will be the first destination in Australia to which QA will fly its
state-of-the-art A350 aircraft, for which it is the global launch
customer. The long-haul service to Adelaide, a key business and
leisure destination in South Australia, will enable QA to maximize
A350’s efficiency and performance. With the addition of Adelaide,
QA’s Australian capacity will rise to 28 flights a week, spread
across four key cities including Melbourne, Perth and Sydney.
(Gulf-Times.com)
VFQS launches new service for safer internet communication –
Vodafone (VFQS) has launched its DDoS mitigation proposition for
businesses and governments in Qatar, which will provide assured
connectivity to dedicated internet customers, enabling safer
communications over the internet. DDoS attacks are Denial-of-
Service attacks that leverage the massive, distributed, and stolen
computing power from infected endpoints to flood target
networks and web applications with traffic. DDoS attacks disrupt
operations and prevent users from accessing critical web
applications. (Gulf-Times.com)
QPMC signs material supply deals with 24 local contractors –Qatar
Primary Materials Company (QPMC) Chief Executive Officer Eisa
al-Hammadi said the company executed supply agreements with
some 24 local contractors to source to them 1.1052mn tons of
materials, which will help them meet the demands of the local
construction industry. He said QPMC recently signed five
agreements with private sector establishments, all Qatari-owned
companies, for procurement of primary construction materials for
the Qatari market, mainly gabbro and limestone. (Gulf-Times.com)
International
US small business confidence ticks up in September – The US small
business confidence rose marginally in September as stock market
volatility raised concerns about sales growth, suggesting the
economy was expanding at a moderate pace. The National
Federation of Independent Business (NFIB) said its Small Business
Optimism Index gained 0.2 point to 96.1 in September. It said that
the level was consistent with a 2.5% annualized growth rate.
Seven of the index’s 10 components eked out small gains last
month, while the share of small business owners expecting
stronger sales volumes in the next few months fell six points. Even
as small business owners worried about sales growth, they were
upbeat about business conditions over the next six months and
profits. They also believed now was a good time to expand. There
was a slight increase in the share of owners planning to increase
inventory. The survey continued to point to tame inflation
pressures over the near-term. (Reuters)
China inflation moderates, making room for easing − China’s
consumer inflation moderated and factory gate deflation extended
a record stretch of declines, signaling the People’s Bank of China
still has room to ease monetary policy further to support a slowing
economy. The National Bureau of Statistics said the consumer-
price index increased 1.6% YoY in September, slowing from a 2%
rise in August. The producer-price index fell 5.9%, extending its
streak of negative readings to 43 months. Food price inflation
slowed to 2.7% YoY, from 3.7% in August. Non food prices climbed
1%. Prices of consumer goods increased 1.4%, while services
increased 2.1%. With consumer inflation well below the
government target of 3% all year, the central bank has further
capacity to spur lending even after cutting interest rates five times
since November 2014. (Bloomberg)
IMF cuts growth view on South Africa − According to the
International Monetary Fund (IMF), if economic growth in South
Africa this year is bad news, 2016 is set to be even worse. The
Washington-based lender has cut its estimate for 2015 to 1.4%
from 2%. More concerning was its projection that the gross
domestic product (GDP) will expand just 1.3% in 2016, which
would be the slowest pace since a recession in 2009. The IMF’s
projections are more pessimistic than those from the World Bank
and South Africa’s central bank. The World Bank is forecasting a
GDP growth of 1.5% in 2015 and 1.7% in 2016, while the Reserve
Bank estimates 1.5% and 1.6%, respectively. China’s slump is
hurting South Africa in two ways − curbing demand from its
biggest trading partner and reducing revenue from platinum, iron
ore and other metals that account for about half of the nation’s
exports. Slower growth makes Finance Minister Nhlanhla Nene’s
fiscal targets more difficult to achieve. Nene has pledged to narrow
the budget deficit to 2.5% of GDP in the year through March 2018
from an estimated 3.9% in 2015. (Bloomberg)
JP Morgan revenue drops on trading in 3Q2015 − JPMorgan Chase
& Company, the biggest US bank, said revenue fell 6.4% in 3Q2015,
driven by a slump in trading and mortgage-banking results. While
net income rose 22% to $6.8bn, adjusted earnings per share,
6. Page 6 of 9
excluding a tax benefit and other items, were $1.32. That missed
the $1.38 average estimate of 29 analysts surveyed by Bloomberg.
The results at JPMorgan, the first of the big US lenders to report,
show pressure is still high at Wall Street firms to cut expenses as
volatile markets and the continuation of record-low US interest
rates erode profit. Though the bank non-interest costs shrank
2.7% to $15.4bn, that was still not enough keep up with the drop
in revenue. Firmwide net revenue was $23.5bn in 3Q2015, down
from $25.1bn a year earlier. Chief Financial Officer, Marianne Lake
said the bank has cut its workforce by about 10,000 jobs so far in
2015, without indicating whether more may follow. (Bloomberg)
Regional
Dallah Healthcare bonus shares added to investors’ portfolio – The
Saudi Stock Exchange (Tadawul) has announced the addition of
Dallah Healthcare Holding Company’s bonus shares into the
investors’ portfolio. Earlier, Dallah Healthcare’s EGM approved an
increase in the capital via bonus shares. (Tadawul)
Arab National Bank reports SR764.2mn net profit in 3Q2015 – Arab
National Bank reported a net profit of SR764.2mn in 3Q2015 as
compared to SR747.9mn in 3Q2014, representing a YoY increase
of 2.18%. The bank’s total assets had stood at SR164.86bn as of
September 30, 2015 as compared to SR149.94bn on September 30,
2014. Loans & advances reached SR112.75bn, while customer
deposits had stood at SR132.52bn. EPS had amounted to SR2.37 in
3Q2015 versus SR2.25 in 3Q2014. (Tadawul)
Al Rajhi Bank net profit up 3.55% YoY in 3Q2015 – Al Rajhi Bank
reported a net profit of SR1.72bn in 3Q2015 as compared to
SR1.66bn in 3Q2014, representing a YoY increase of 3.55%. The
bank’s total assets stood at SR325.21bn as of September 30, 2015
as compared to SR298.71bn on September 30, 2014. Loans &
advances reached SR209.91bn, while customer deposits stood at
SR265.48bn. EPS amounted to SR3.19 in 3Q2015 versus SR3.27 in
3Q2014. (Tadawul)
Sabic to shut Innovative Plastics unit, to transfer Pittsfield HQ to
Houston – Saudi Basic Industries Corporation (SABIC) has
announced its plan to close its SABIC Innovative Plastics unit and
to transfer its headquarters from Pittsfield to Houston. As a result
of its transformation strategy, SABIC Innovative Plastics’
commodity products will be placed in the parent company’s
chemicals and polymers units, while the remaining products will
be placed in a new specialties unit. The company is still evaluating
Pittsfield’s Polymer Processing Development Center and its
location. SABIC said the Pittsfield headquarter (HQ) will be closed
during 2016, with major relocation to Houston completed by mid-
2016. (GulfBase.com)
CDSI: Saudi non-oil exports, imports decline in 2Q2015 – According
to Central Department of Statistics and Information (CDSI), Saudi
Arabia’s non-oil exports had fallen in 2Q2015 to around
SR46.64bn as compared to SR56.19bn in 2Q2014, representing a
decline of 17%. On the other hand, the value of the Kingdom’s
imports had fallen 2.2% to around SR166.23bn in 2Q2015 as
compared to SR170.05bn in 2Q2014. As per the report, Saudi’s
non-oil commodity exports had registered a decline of 1% as
compared to 1Q2015, in which they had registered around
SR47.10bn. The value of the Kingdom’s imports recorded a rise of
2.3% when compared to 1Q2015, which registered around
SR162.53bn. (GulfBase.com)
Saudi Aramco awards SR38mn supply contract to Arabian Pipes –
Saudi Arabian Oil Company (Saudi Aramco) has awarded a supply
contract worth SR38mn to Arabian Pipes Company. Under the
terms of the agreement, Arabian Pipes will supply 110 kilometers
of welded steel pipes to Saudi Aramco in 2Q2016 from Jubail
factory. The financial impact of the transaction will appear in
2Q2016. (Tadawul)
France agrees to ink potential deals worth €10bn with KSA – France
has agreed to sign potential deals worth €10bn with Saudi Arabia,
including for patrol boats, although few contracts appeared to
have been finalized. Meanwhile, Saudi has lifted a 15-year-old ban
on French beef, opening one of the markets closed to France due to
past cases of mad cow disease and offering potential support to
the French meat industry hurt by low prices and a Russian
embargo. (Reuters)
Mueen Recruitment obtains operating license – Abdullah Al Othaim
Markets Company has said that Mueen Recruitment Company has
obtained the final operating license from the Ministry of Labor for
a period of 10 Hijri years. Al Othaim had earlier announced its
participation in establishing Mueen, which is expected to start its
commercial operations by the beginning of 2016. Al Othaim
expects the financial impact in its results will appear in 2Q2016.
(Tadawul)
EA, IBM sign $700mn IT contract – Etihad Airways (EA) has signed
a 10-year deal worth $700mn with IBM for a range of information
technology (IT) services and infrastructure. IBM will provide a
global technology framework for EA and its partners, including
setting up a cloud data center in Abu Dhabi that will be developed
and operated by IBM, one of the first such facilities in the Middle
East. (Reuters)
Mashreq CEO: UAE bank liquidity still good – Mashreq Bank CEO
Abdul Aziz al-Ghurair has said that liquidity in the UAE banking
sector is still good. The government has adequate means to
manage liquidity. He said Mashreq had no immediate plans to
issue bonds. (Reuters)
UAE, Germany plan talks over Air Berlin-EA code share – The
United Arab Emirates (UAE) is seeking talks this week aimed at
gaining Germany’s approval for code share flights operated by Air
Berlin and Etihad Airways (EA). Air Berlin has 65 code share
flights with EA, which bring it about $159mn in turnover.
However, the routes have come under scrutiny by the German
government over the last year because the current bilateral
agreement between the two countries restricts where EA can fly to
within Germany. Air Berlin and EA are still awaiting approval for
this winter flight schedule, which is due to start at the end of
October 2015. (Reuters)
Al Qamzi: Dubai economy may grow 4% in 2015 as trade & tourism
benefit from cheap oil – The Department of Economic Development
(DED) Director General Sami Al Qamzi has said that Dubai’s
economy is set to expand by 4% in 2015 as the lower oil price
benefits sectors such as trade and tourism. He said growth in India
and the US, as well as rising demand in Europe, would also boost
the Emirate. The International Monetary Fund (IMF) has revised
its growth forecast lower for the UAE to 3% in 2015 and 3.1% in
2016, down from 4.6% in 2014, as the oil slump results in weaker
real estate and corporate activities. According to the IMF’s annual
report on the UAE’s economy, IMF forecasts that $13bn will be
added to the UAE’s economy by the ending of sanctions on Iran, as
trade between the two countries rises between now and 2018.
That is equivalent to a 1% gain in real GDP growth each year over
the next three years. Raed Safadi, Executive Director of Economic
Research & Policy at the DED, said inflation is expected to remain
between 4.5-5% in 2015, while IMF is forecasting inflation of 3.8%
in 2015, up from 2.3% in 2014. (GulfBase.com)
Sunrise Properties raises AED515mn in Islamic loan deal –
Emirates NBD has said that Sunrise Properties has secured an
AED515mn Islamic loan for the development of a luxury hotel
project. Emirates NBD was joined by Doha Bank, and acted as the
main arranger of the deal. The company will use the loan to
finance the Emerald Palace Kempinski Hotel project on Dubai’s
Palm Jumeirha group of islands. (Reuters)
7. Page 7 of 9
DEWA names Harbin, ACWA preferred bidders for clean coal plant –
The Dubai Electricity & Water Authority (DEWA) has chosen a
consortium, including China’s Harbin Electric and Saudi Arabia’s
ACWA Power International, as the preferred bidder to build and
operate a 1,200-megawatt (MW) clean coal power plant. Harbin
Electric and Alstom of France will build the plant while those
companies as well as ACWA Power and US-based NRG Energy will
operate it. The plant is the Phase I of the proposed $1.8bn Hassyan
clean coal project by DEWA. A unit with the capacity of 600 MW
will be operational by March 2020 while another unit of the same
size by March 2021. ACWA Power CEO Paddy Padmanathan said
that the consortium was working with Export-Import Bank of
China and a range of banks to obtain a $1.4bn loan. The banks
include Industrial and Commercial Bank of China, Bank of China,
Standard Chartered and Abu Dhabi’s First Gulf Bank. DEWA will be
the major stakeholder with a 51% share in the company
established to build and operate the Hassyan plant. (Reuters)
Abu Dhabi to introduce policy on affordable housing target for
developers – The Abu Dhabi Urban Planning Council has said that
a new policy, which sets affordable housing targets for developers
in Abu Dhabi, could be introduced before 2015-end. The new
policy will place targets for developers to achieve 20% of
affordable homes within new housing schemes. (GulfBase.com)
JLL: Abu Dhabi property prices steady despite weak demand –
According to JLL, high occupancy levels in premium office and
residential properties in Abu Dhabi had helped keep overall prices
steady in 3Q2015 despite weakening demand. As per JLL, sales
prices were steady in 3Q2015 as compared to 12 months earlier,
but rents for apartments and houses rose 7% and 3%, respectively
over the same period. JLL said the performance differs because
rents are linked to end-user demand while sales are mostly
sentiment driven. JLL Abu Dhabi office head David Dudley said
some of Abu Dhabi’s mega projects are expected to be delayed
further and phased over a longer time frame. On the positive side,
supply remains under control. JLL said demand for office space
remains suppressed. While there are a few vacant units in
premium office buildings, the overall office vacancy rate had risen
to 27% as of September 30, 2015 from 25% a year earlier.
(Reuters)
Jazeera Airways gets shareholders’ nod to reduce capital base –
Kuwait’s Jazeera Airways has received shareholders’ approval to
reduce its capital by more than a half, as it adjusts from having
closed its airline leasing business. The airline’s extraordinary
general meeting (EGM) on October 12, 2015 approved a board
recommendation to cut the capital from KD42mn to KD20mn
through a share buyback program. Jazeera Airways will buy back
220 million shares at the nominal share price of 100 fils, resulting
in a KD22mn shareholder payout. The share buyback brings the
airlines’ total payout to shareholders in 2015 to KD52.7mn.
Earlier, in January, Jazeera Airways announced that it was selling
off its entire fleet to lessors and would close its own leasing arm.
(GulfBase.com)
KNPC signs contracts for Al-Zour refinery – Daewoo Engineering &
Construction Company, Tecnicas Reunidas SA and Hyundai Heavy
Industries Company are among firms, which have signed contracts
to build Kuwait’s KD4.87bn Al Zour oil refinery. The refinery, with
a capacity of 615,000 barrels per day (bpd), will raise Kuwait’s
total refining capacity to 1.4mn bpd when completed in July 2019.
Kuwait National Petroleum Company (KNPC) Project Manager
Khaled Al-Awadhi said the refinery will be built in five packages,
with the first valued at KD1.28bn awarded to Technicas, Hanwha
Engineering & Construction Corporation and China Petroleum &
Chemical Corporation (Sinopec). The second and third packages at
a combined value of KD1.75bn were awarded to Fluor
Corporation, Daewoo and Hyundai Heavy Industries Company,
while the fourth package valued at KD475mn was given to Saipem
SpA and Essar Oil Limited. The fifth package of KD454mn was
awarded to Hyundai Engineering & Construction Company,
Saipem and SK Holdings Company. The refinery, likely to be the
largest in the Middle East, could be a major boost to Kuwait’s
economy, which has slowed due to political tensions and low oil
prices. (Bloomberg, GulfBase.com)
NBK 3Q2015 profit rises 9.1% YoY on higher interest income –
National Bank of Kuwait (NBK) reported a net profit of KD64.5mn
in 3Q2015 as compared to KD59.1mn in 3Q2014, representing a
YoY increase of 9.1%. The bank’s interest income rose to
KD112.3mn in 3Q2015 from KD102.1mn in 3Q2014, driven by
strong business volume. Interest income accounted for 65.7% of
the total revenue, while operating revenue was up 2.1% to
KD170.9mn. NBK’s total assets grew 9.4% YoY to KD23.78bn at
the end of September 30, 2015. (Reuters)
Kuwait Oil output to reach 3mn by 2015-end – Kuna reported that
Kuwait Oil Company’s crude output capacity would reach 3mn
barrels per day by 2015-end. Kuwait Oil is a subsidiary of the
Kuwait Petroleum Corporation, a Government-owned holding
company. (Bloomberg)
Bank Muscat net profit rises 7.5% YoY in 9M2015 – Bank Muscat
reported a net profit of OMR136.2mn in 9M2015 as compared to
OMR126.7mn in 9M2014, representing a YoY increase of 7.5%.
The bank’s operating profit had reached OMR176.6mn in 9M2015
as compared to OMR169.3mn in 9M2014. Net Interest Income
from conventional banking had stood at OMR176.0mn in 9M2015
as compared to OMR170.3mn in 9M2014, while net income from
Islamic financing was OMR13.7mn in 9M2015 as compared to
OMR12.4mn for the same period of 2014. Non-interest income at
OMR 112.9mn was higher by 8.4% as compared to OMR104.1mn
for 9M2014. Net loans & advances from the conventional
operation had increased by 8.7% to OMR6.57bn as against
OMR6.04bn at the end of September 30, 2014. Customer deposits,
including CDs from the conventional operations, had increased by
6.7% to OMR6.78bn in 9M2015 as against OMR6.35bn in 9M2014.
(MSM)
Dhofar Power extends ONEIC contract – Dhofar Power Company
has extended the contract for electricity meters reading, billing
and collection awarded to Oman National Engineering &
Investment Company (ONEIC) for the period of one year ending
April 30, 2017. ONEIC said that the contract has been extended
with the same contract terms and conditions. (MSM)
Bank Dhofar net profit up 10.12% YoY in 9M2015 – Bank Dhofar
reported a consolidated net profit of OMR33.4mn in 9M2015 as
compared to OMR30.33mn in 9M2014, representing an increase of
10.12% YoY. Bank Dhofar’s operating income stood at
OMR84.64mn in 9M2015 as compared to OMR73.31mn in
9M2014. The bank’s total assets stood at OMR3.34bn as of
September 30, 2015 as compared to OMR2.92bn as of September
30, 2015. Net loans & advances grew 16.83% YoY to OMR2.64bn,
while customer deposits jumped 15.96% YoY to reach OMR2.55bn.
(MSM)
Omifco’s expansion plan depends on government supplying
additional gas – Oman India Fertiliser Company (Omifco) plans to
build a third train in Sur and implement a debottlenecking project,
which together will almost double the existing urea capacity from
1.652mn tons to more than 3mn tons per annum which depends
on the government’s decision to supply additional gas. Omifco is a
$960mn joint venture equally owned by Oman Oil Company and
India’s two fertilizer firms. Presently, Omifco has two identical
plants of 2,530 tons per day each of urea and two identical plants
of 1,750 tons per day each of ammonia at Qalhat in Sur. As much as
80% of ammonia production is used for manufacturing urea. The
8. Page 8 of 9
expansion plans depends on the government’s decision to supply
additional gas. (GulfBase.com)
Oman United Insurance authorizes Muscat Clearance to distribute
dividends – Oman United Insurance Company has authorized
Muscat Clearance & Depository Company to distribute dividends
approved by the AGM dated March 30, 2015. Shareholders who do
not claim their dividends have to approach Muscat Clearance &
Depository Company with supportive documents as proof of their
rights. (MSM)
AECOM wins Diyar Al Muharraq design contract – Diyar Al
Muharraq has signed an agreement with AECOM for
comprehensive primary designing of infrastructure within the
master-planned development. AECOM’s contractual obligations
include providing primary design and construction supervision for
all the infrastructural components of Diyar Al Muharraq including
roads, grade separation, landscaping, environmental impact
assessment, all transportation and logistics requirements and
utilities, including the potable water network, sanitary network,
electrical distribution network, telecommunications network and
waste management. Diyar Al Muharraq is a Bahrain-based urban
developer, while AECOM is a US-based infrastructure services firm.
(GulfBase.com)
Ezytrips launches online travel portal – Ezytrips, a Bahraini
homegrown technology startup, has launched an online travel
portal eyeing a share of the growing online bookings business.
Ezytrips General Manager, Nitin Menon said that www.ezytrips.co
is now live and operating through a franchise agreement with
Bahraini firm Dadabhai Travel and Tours. He said an investment of
$0.5mn has been made in this venture so far. (GulfBase.com)
Bahrain Bourse announces Hijri New Year holiday – Bahrain Bourse
will be officially closed on October 15, 2015 on the occasion of
Hijri New Year for the year 1437 Hijri. The bourse will resume
business on October 18, 2015. (Bahrain Bourse)
9. Contacts
Saugata Sarkar Sahbi Kasraoui QNB Financial Services SPC
Head of Research Head of HNI Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6534 Tel: (+974) 4476 6544 PO Box 24025
saugata.sarkar@qnbfs.com.qa sahbi.alkasraoui@qnbfs.com.qa Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services SPC (“QNBFS”) a wholly-owned subsidiary of QNB SAQ (“QNB”). QNBFS is regulated by the Qatar Financial
Markets Authority and the Qatar Exchange QNB SAQ is regulated by the Qatar Central Bank. This publication expresses the views and opinions of QNBFS at a given time only. It is not an offer, promotion or
recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or financial advice. QNBFS accepts no liability whatsoever for any direct or indirect
losses arising from use of this report. Any investment decision should depend on the individual circumstances of the investor and be based on specifically engaged investment advice. We therefore
strongly advise potential investors to seek independent professional advice before making any investment decision. Although the information in this report has been obtained from sources that QNBFS
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Page 9 of 9
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
80.0
100.0
120.0
140.0
160.0
180.0
Sep-11 Sep-12 Sep-13 Sep-14 Sep-15
QSE Index S&P Pan Arab S&P GCC
(0.5%)
(0.3%)
(0.0%)
(0.2%)
(0.6%)
0.1%
(0.3%)
(0.8%)
(0.6%)
(0.4%)
(0.2%)
0.0%
0.2%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,168.80 0.4 1.0 (1.4) MSCI World Index 1,661.07 (0.8) (0.8) (2.8)
Silver/Ounce 15.91 0.5 0.5 1.4 DJ Industrial 17,081.89 (0.3) (0.0) (4.2)
Crude Oil (Brent)/Barrel (FM Future) 49.24 (1.2) (6.5) (14.1) S&P 500 2,003.69 (0.7) (0.6) (2.7)
Crude Oil (WTI)/Barrel (FM Future) 46.66 (0.9) (6.0) (12.4) NASDAQ 100 4,796.61 (0.9) (0.7) 1.3
Natural Gas (Henry Hub)/MMBtu 2.44 (0.0) 2.9 (18.7) STOXX 600 358.47 (0.8) (1.1) (1.5)
LPG Propane (Arab Gulf)/Ton 46.00 (3.7) (6.4) (6.1) DAX 10,032.82 (0.8) (0.5) (4.1)
LPG Butane (Arab Gulf)/Ton 61.00 (6.2) (6.2) (2.8) FTSE 100 6,342.28 (1.2) (1.7) (5.5)
Euro 1.14 0.2 0.2 (5.9) CAC 40 4,643.38 (0.9) (1.1) 2.3
Yen 119.75 (0.2) (0.4) (0.0) Nikkei 18,234.74 (0.7) (0.7) 4.2
GBP 1.52 (0.7) (0.5) (2.1) MSCI EM 854.29 (1.3) (0.6) (10.7)
CHF 1.04 0.5 0.4 3.8 SHANGHAI SE Composite 3,293.23 (0.1) 3.5 (0.3)
AUD 0.72 (1.6) (1.2) (11.4) HANG SENG 22,600.46 (0.6) 0.6 (4.2)
USD Index 94.76 (0.1) (0.1) 5.0 BSE SENSEX 26,846.53 (0.7) (1.4) (5.2)
RUB 63.07 1.7 2.5 3.8 Bovespa 47,362.64 (6.3) (6.3) (34.8)
BRL 0.26 (3.3) (3.3) (31.9) RTS 866.52 (1.1) (2.2) 9.6
141.7
118.8
114.5