16 March Daily market report

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16 March Daily market report

  1. 1. Page 1 of 5 QE Intra-Day Movement Qatar Commentary The QE index declined 0.1% to close at 11,331.05. Losses were led by the Transportation and Insurance indices, declining 0.4% each. Top losers were Gulf International Services and Medicare Group, falling 4.1% and 1.9% respectively. Among the top gainers, Mannai Corp. and Mesaieed Petrochemical Holding Co. rose 2.6% each. GCC Commentary Saudi Arabia: The TASI index fell 0.1% to close at 9,378.9. Losses were led by the Transport and Real Estate Dev. indices, declining 0.6% each. Northern Cement fell 3.6%, while Filling & Packing Material Mfg. was down 1.8%. Dubai: The DFM index gained 2.0% to close at 4,058.8. The Invest. & Fin. Serv. index rose 3.2%, while the Services index was up 2.3%. Gulf General Investment Co. gained 7.6%, while Emirates NBD was up 5.8%. Abu Dhabi: The ADX benchmark index declined 0.5% to close at 4,732.1. The Inv. & Fin. Serv. index fell 1.1%, while the Consumer index was down 0.9%. Gulf Medical Projects declined 10.0%, while Int. Fish Farming was down 9.0%. Kuwait: The KSE index fell 0.3% to close at 7,434.1. The Consumer Goods index declined 2.2%, while the Consumer Ser. index was down 0.7%. Nat. Slaughter House fell 13.7%, while Edu. Holding Group was down 12.4%. Oman: The MSM index declined 0.5% to close at 7,026.1. Losses were led by the Financial and Services indices, declining 0.7% & 0.4% respectively. Const. Materials Ind. fell 7.6%, while Dhofar Int. Dev. & Inv Hold. was down 4.5%. Bahrain: The BHB index rose 0.1 to close at 1,375.6. The Investment index gained 0.6%, while other indices remained unchanged or ended in red. Arab Banking Corp. rose 1.9%, while National Bank of Bahrain was up 1.4%. Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD% Mannai Corp. 104.90 2.6 0.3 16.7 Mesaieed Petrochemical Holding 39.20 2.6 2,827.4 292 Zad Holding Co. 69.00 2.5 0.7 (0.7) Gulf Warehousing Co. 42.00 2.4 0.2 1.2 Qatari Investors Group 53.20 2.3 2,919.3 21.7 Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD% Barwa Real Estate Co. 35.75 (0.1) 5,141.6 20.0 Qatari Investors Group 53.20 2.3 2,919.3 21.7 Mesaieed Petrochemical Holding 39.20 2.6 2,827.4 292 Vodafone Qatar 12.10 (0.8) 1,365.4 13.0 Mazaya Qatar Real Estate Dev. 12.53 0.6 1,326.5 12.1 Source: Bloomberg (* in QR) Market Indicators 16 Mar 14 13 Mar 14 %Chg. Value Traded (QR mn) 726.2 829.7 (12.5) Exch. Market Cap. (QR mn) 639,356.4 637,717.7 0.3 Volume (mn) 17.7 19.8 (10.7) Number of Transactions 9,287 9,539 (2.6) Companies Traded 39 41 (4.9) Market Breadth 16:18 9:28 – Market Indices Close 1D% WTD% YTD% TTM P/E Total Return 16,687.10 (0.1) (0.1) 12.5 N/A All Share Index 2,885.22 (0.0) (0.0) 11.5 14.5 Banks 2,752.40 (0.3) (0.3) 12.6 14.2 Industrials 3,927.01 0.1 0.1 12.2 15.2 Transportation 1,996.39 (0.4) (0.4) 7.4 13.9 Real Estate 2,168.76 (0.2) (0.2) 11.0 19.5 Insurance 2,696.31 (0.4) (0.4) 15.4 6.5 Telecoms 1,497.53 1.4 1.4 3.0 20.6 Consumer 6,707.91 0.2 0.2 12.8 29.2 Al Rayan Islamic Index 3,441.64 0.0 0.0 13.4 18.6 GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD% Emirates NBD Dubai 8.25 5.8 7.0 29.9 Abu Dhabi Nat. Energy Abu Dhabi 1.39 5.3 767.5 (5.4) Emaar Properties Dubai 9.10 5.1 46,332.7 19.1 Dubai Investments Dubai 3.38 4.6 34,243.5 35.7 Etihad Atheeb Tele. Saudi Arabia 17.35 3.9 38,497.6 20.5 GCC Top Losers## Exchange Close# 1D% Vol. ‘000 YTD% Ithmaar Bank Bahrain 0.19 (13.6) 1,085.0 (17.4) Union National Bank Abu Dhabi 6.35 (4.5) 736.6 8.2 Investbank Abu Dhabi 3.00 (4.5) 100.0 22.4 Gulf International Serv. Qatar 71.7 (4.1) 302.6 46.9 Northern Cement Saudi Arabia 24.20 (3.6) 2,828.2 4.5 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% Gulf International Services 71.70 (4.1) 302.6 46.9 Medicare Group 61.00 (1.9) 102.4 16.2 Al Khaleej Takaful Group 43.00 (1.1) 63.1 17.8 Qatar Islamic Bank 72.70 (1.1) 43.0 5.4 Al Meera Consumer Goods Co. 160.50 (0.9) 75.0 20.4 Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD% Barwa Real Estate Co. 35.75 (0.1) 188,413.1 20.0 Qatari Investors Group 53.20 2.3 158,883.2 21.7 Mesaieed Petrochemical Holding 39.20 2.6 109,838.7 292 Industries Qatar 176.00 0.5 33,314.0 4.2 Gulf International Services 71.70 (4.1) 21,811.9 46.9 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* 11,331.05 (0.1) (0.1) (3.7) 9.2 174.12 175,567.3 15.0 1.9 4.6 Dubai 4,058.77 2.0 2.0 (3.8) 20.4 433.74 82,933.6 17.5 1.5 2.3 Abu Dhabi 4,732.07 (0.5) (0.5) (4.6) 10.3 93.60 127,749.6 13.5 1.7 3.7 Saudi Arabia 9,378.87 (0.1) (0.1) 3.0 9.9 1,991.40 509,067.9 18.8 2.3 3.2 Kuwait 7,434.08 (0.3) (0.3) (3.4) (1.5) 54.04 110,412.2 16.1 1.2 3.8 Oman 7,026.05 (0.5) (0.5) (1.2) 2.8 11.62 25,388.9 # 11.2 1.6 3.7 Bahrain 1,375.62 0.1 0.1 0.2 10.2 3.07 51,912.0 9.8 0.9 3.9 Source: Bloomberg, Qatar Exchange, Tadawul, MSM, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any) (#Data as of March 13, 2014) 11,300 11,320 11,340 11,360 11,380 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 declined 0.1% to close at 11,331.05. The Transportation 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.  Gulf International Services and Medicare Group were the top losers, falling 4.1% and 1.9% respectively. Among the top gainers, Mannai Corp. and Mesaieed Petrochemical Holding Co. rose 2.6% each.  Volume of shares traded on Sunday fell by 10.7% to 17.7mn from 19.8mn on Thursday. However, as compared to the 30-day moving average of 13.7mn, volume for the day was 28.5% higher. Barwa Real Estate Co. and Qatari Investors Group were the most active stocks, contributing 29.1% and 16.5% 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 Ras Al Khaimah Ceramics Co. (RAKCEC)* Abu Dhabi AED 3520.0 NA – – 272.0 21.4% United Insurance Co. (UIC)* Abu Dhabi AED 143.9 11.2% – – 8.4 NA Source: Company data, DFM, ADX, MSM (*FY2013 results) News Qatar  MPHC posts QR609.6mn net profit from May 29, 2013 to December 31, 2013 – Mesaieed Petrochemical Holding Company (MPHC) reported a net profit of QR609.6mn for the period May 29, 2013 to December 31, 2013. On a separate note, the company announced the financial highlights of the last four months of 2013 (more relevant to shareholders). According to which MPHC registered a net profit of ~QR0.6bn for the four- month period ended December 31, 2013, and the Board of Directors proposed a cash dividend of ~QR0.4bn, or QR0.35 per share. This proposed dividend is equivalent to 72.1% of net profit. The Board also recommended that the shareholders as of the close of trading on the last trading day before the group‟s first post-IPO annual general assembly meeting will be entitled to receive a dividend relating to the four-month period ended December 31, 2013 despite the fact that MPHC was only listed on February 26, 2014. (MPHC Press Release, MPHC Financial Statements)  CBQK to focus on local investments; to distribute 20% dividends – The Commercial Bank of Qatar‟s (CBQK) Vice Chairman Sheikh Abdullah bin Ali Al Jabor Al Thani said that the bank is planning to focus on local investment opportunities, and has limited appetite for investing in the overseas markets. He said CBQK has about 31 branches across the country, and it is looking forward to open more branches, and it is waiting for approval from the Qatar Central Bank. The AGM approved all the board‟s recommendations, including the distribution of a cash dividend of 20% of the share‟s nominal value for 2013, which is equivalent to QR2.00 per share, and bonus shares of 20% (1 bonus share for every 5 shares held). (Peninsula Qatar)  Qatar to launch $65bn worth projects – The Administrative Control and Transparency Authority‟s President HE Abdullah bin Hamad Al Attiyah announced that Qatar is set to launch development projects worth around $65bn soon. Of this, $30bn ventures are high-profile projects. Al Attiyah said that Qatar is set to launch large number of mega projects to realize the Qatar National Vision 2030, as well as other infrastructure projects associated with hosting the FIFA 2022 event. These projects vary from stadiums, railway network, roads, highways, bridges, intersections, water and electricity, hotels and urban development. (Peninsula Qatar)  AREDC upbeat on mall investments in Qatar – According to Al Asmakh Real Estate Development Company (AREDC), yield on investments in malls could be affected in the short-to-medium term, but there is overall optimism in the long-term in Qatar‟s retail market. AREDC‟s report said that rising population, inclination toward shopping, and higher per capita income are the factors that instill optimism for Qatar‟s retail segment, which is now on the bottom of a recovery cycle. Observing that Doha remains the center of retail activities, AREDC said around 60% of retailers have their offices within Doha, whereas 28% have offices within the Al Rayyan municipality. Further, around 85% of luxury retailers in Qatar operate out of shopping malls, whereas about 80% of non-luxury retailers are in souqs and traditional retail shops. At present, there is 285 square meters of organized retail space available for every 1,000 people, which would rise to 900 square meters once all under-construction malls are completed, as against 1,380 square meters in Dubai and 1,030 in the US. (Gulf-Times.com)  Ashghal awards two contracts worth about QR118mn for New Doha Zoo – Qatar‟s Public Works Authority (Ashghal) has awarded two contracts with a combined value of about QR118mn for the development of the New Doha Zoo project. The enabling and demolition works contract, valued at QR45mn, was awarded to Aswan Trading & Contracting Company. The works, estimated to take 14 months, will prepare the site for main construction and will also ensure the protection of the trees and the natural environment during the excavation. The second contract worth QR73mn for the design and construction of temporary housing facility for animals in Rawdhet al-Faras was awarded to Medgulf Construction Company. This one-year contract includes the design and implementation of the temporary facility in Rawdhet al-Faras where animals are housed during the construction of the new park. (Gulf- Times.com) Overall Activity Buy %* Sell %* Net (QR) Qatari 74.63% 73.08% 11,281,696.85 Non-Qatari 25.36% 26.92% (11,281,696.85)
  3. 3. Page 3 of 5  Woqod stops Shafaf LPG cylinder sale at fuel stations – Woqod has stopped selling its lightweight Shafaf LPG cylinders at its fuel stations. The move follows instructions from the Civil Defense Directorate in the wake of the explosion at a restaurant in a petrol station last month. Woqod had earlier stopped refilling LPG cylinders and tanks at eateries located in fuel stations. All eateries in fuel stations have been asked by the authorities to replace LPG cylinders with electric stoves. Meanwhile, some supermarkets said that they had also stopped selling Shafaf cylinders, after a number of cylinders were stolen from their premises last week. (Peninsula Qatar)  MDPS: Qatar makes significant progress in social development – According to the fourth report of Sustainable Development in Qatar released by the Ministry of Development Planning & Statistics (MDPS) and the Diplomatic Institute at the Ministry of Foreign Affairs, Qatar has made significant progress in social development by reducing unemployment, gender inequality, adult education, infant mortality rate and in other areas. The report said that the Qatar achieved steady progress in social development to reduce unemployment which did not cross 1%, the least worldwide. Qatar also achieved a high level of gender equality and has provided healthcare coverage, leading to a slump in the under-five mortality rate from 10 per 1,000 in 2006 to 7 per 1,000 in 2012. Life expectancy at birth rose by 5.1 years, an increase from 74.1 years in 2006 to 79.2 in 2012. (Peninsula Qatar)  QGRI to distribute 20% bonus shares; increases capital – Qatar General Insurance & Reinsurance Co. (QGRI) held its AGM and EGM in which the board‟s recommendation to distribute 20% bonus shares equivalent to 1 share for every 5 shares was approved. Further, the assembly also agreed to amend Article (6) of the Articles of Association of the Company to increase the company's capital from QR576mn to QR691.8mn (divided into 69mn shares), with a nominal value of QR10 per share. (Peninsula Qatar) International  German top court to rule on European Stability Mechanism – Germany's highest court will make its final ruling on the legality of the European bailout fund, the ESM, having earlier backed it in principle. During the Eurozone turmoil since 2010, the German Constitutional Court had repeatedly been asked by Eurosceptics to rule on whether the new EU crisis-fighting tools are in line with Germany's constitution. The court has always validated EU‟s decisions, or sent them to a European court, while reinforcing the German parliament's right to be consulted and informed. This time the focus will be on the European Stability Mechanism (ESM), set up to bail out troubled countries and their banks, with a maximum lending capacity of €500bn ($696 billion), guaranteed by the member states. (ET)  UK to extend plan to boost new home-building until 2020 – British Finance Minister George Osborne said he wanted to extend until 2020 the „Help to Buy‟ scheme, a supportive program that encourages the building of new homes. Osborne said the scheme was going to end in 2016, but the government plans to extend it for the rest of the decade. That would mean 120,000 new homes. Under the Help to Buy Scheme, buyers of newly built homes worth up to £600,000 can seek equity loans from the government. Further, Osborne also said the government has plans for a new garden city close to London to help provide more homes for the region. (Reuters)  China to spend $163bn to redevelop shantytowns – According to state broadcaster China Central Television (CCTV), the Chinese government will invest more than 1tn yuan ($163bn) for redeveloping shantytowns this year as the government promotes urbanization as an engine of growth. The Ministry of Housing & Urban-Rural Development will redevelop shantytowns involving around 4.75 million households this year. CCTV said China will promote fiscal reforms that support urbanization, citing a plan for 2014 to 2020 issued by the Communist Party of China and State Council. Chinese leaders have pledged to speed up urbanization as they seek to shift the world‟s second-largest economy toward a growth model that relies on domestic consumption rather than investment and exports. Chinese Premier Li Keqiang said the government will increase its efforts to solve people‟s basic housing needs. (Bloomberg) Regional  Mobily, Bharti Airtel sign strategic MCSA alliance – Etihad Etisalat Company (Mobily) and India-based Bharti Airtel have signed a Master Carrier Services Agreement (MCSA) to interconnect each other‟s MPLS, IPLC and IP Transit services. The partnership will enable Mobily and Airtel to enhance their reach not only in their respective countries and but also across the globe for providing reliable and quality services to carriers and enterprise customers such as banking, retail, government and SMEs. The state-of-the art interconnection will be able to accommodate quick activation of circuits ranging from 1 Mbps to 1Gps and also allow customers to choose from a variety of Class of Service according to their needs. (GulfBase.com)  ACWA to build $1bn power plant in Mozambique – Saudi- based ACWA Power and the Mozambican government have signed a concession agreement for the construction of a coal- fired power station in Moatize district, in the western province of Tete. The project will be run by ACWA Power Moatize Termoelectrica, a consortium whose main shareholders are Acwa Power, Vale and Mitsui of Japan. The power station, which will produce 300 megawatts in its first phase, will be built at the mouth of the gigantic open cast coal mine in Moatize, operated by the Brazilian company Vale. It will use the lower grade coal mined by Vale as its raw material. A second phase will lift its capacity to 600 megawatts. The concession is for 25 years and the estimated investment is $1bn. The construction of the power station will start in 2Q2014 and it will begin to generate power in 2017. (GulfBase.com)  SAMA: Saudi economy can grow at 4.4% in 2014 – According to the Saudi Arabian Monetary Agency‟s (SAMA) Governor, Fahad Al-Mubarak, the Saudi Arabian economy can achieve a growth of 4.4% in 2014, in line with a forecast by the International Monetary Fund. The private sector will be the main growth driver, while government investments continue to be the main driver for the sector‟s growth. The country's economic growth had slowed to 3.8% in 2013 from 5.8% in 2012 as oil output, which accounts for nearly half of overall GDP, fell after a robust increase in 2012. Further, Al-Mubarak said that inflation in the Kingdom is forecast at 3% in 2014, citing the IMF‟s latest available prediction. (GulfBase.com)  Dubai signs $20bn debt rollover deal – Dubai has signed an agreement with Abu Dhabi and the UAE Central Bank to roll over $20bn of debt for another five years. The debt, which includes $10bn of bonds owed to the UAE Central Bank and another $10bn to Abu Dhabi Government, will incur a fixed interest of 1%. The interest rate on the original loan raised in 2009 was 4%. The new facility is renewable after five years. Dubai and its state-owned companies ran up $113bn of debt as it sought to develop its real-estate industry and transform into a tourism and financial services hub. The Emirate had to borrow $20bn to help state-controlled companies during the global
  4. 4. Page 4 of 5 credit crisis and to support property developer Nakheel in paying a $3.52bn bond. (GulfBase.com)  Air Arabia declares 7.25% cash dividend – Air Arabia‟s AGM has approved the distribution of 7.25% cash dividend (7.25 fils per share) to its shareholders for 2013. (Bloomberg)  DI achieves AED108mn profits through PE divestments – Dubai Investments (DI) has achieved major success in divesting from nine subsidiaries through its private equity subsidiary, Masharie, and has achieved profits of AED107.68mn over the years. Masharie, which has acquired a total of 23 companies since its incorporation in 1998, owns 12 companies in its portfolio currently, representing a wide array of sectors including aluminum extrusion, architectural designs, rubber, interior fit- outs, driver training centers, switch gears and laboratory furniture, etc. Masharie's divestments over the last nine years include Metrofile Middle East, Emirates Explosives, Gulf Printing & Publishing, Thermoset Technologies, Stromek Emirates Foundations, Al Arif Contracting Co. & Power Factor Facilities Management, Anchor Allied Factory Limited & Inter Chemi International Limited; with return on investments varying between 100% and 600%. (DFM)  Dubai to launch Dubai Association Centre – Dubai has signed a MoU to launch the Dubai Association Centre (DAC), which will offer assistance for the establishment of international non-profit, professional associations and trade bodies in Dubai. Once established, these associations will have access to the UAE and other markets in the wider Middle East, Africa and Asia. DAC is a joint initiative of the Dubai Chamber of Commerce and Industry, the Dubai Department of Tourism & Commerce Marketing (DTCM) and Dubai World Trade Centre (DTWC). (GulfBase.com)  OIC declares 10% cash dividend – The Oman Insurance Company‟s (OIC) AGM has approved the distribution of 10% cash dividend to its shareholders. (DFM)  RAK Properties declares AED100mn profit distribution – RAK Properties‟ AGM has approved to distribute 5% profits or up to AED100mn. (GulfBase.com)  ADNIC’s BoD recommends 45% cash dividend – The Abu Dhabi National Insurance Company‟s (ADNIC) board of directors has recommended the distribution of 45% cash dividend to its shareholders for 2013. (ADX)  NAPCO declares 12% cash dividend – The National Aluminium Products Company‟s (NAPCO) AGM has approved the distribution of 12% cash dividend (12 baizas per share) for 2013. (MSM)  Oman's TRA standardizes postal service sector – A large number of companies that offer postal services in Oman without a license from the Telecommunications Regulatory Authority (TRA) are expected to go out of business. TRA's International Relations & Media Manager Hilal O. Al Siyabi said that this move comes after HE Dr Hamad bin Salim Al Rawahi, Executive President of the TRA, renewed 12 licenses to regulate the services of the postal services sector recently. The move comes as part of the country's development plans and relevant international treaties related to postal and related issues. Currently, there are many commercial registered companies that offer postal services but are not licensed by the TRA. (Bloomberg)  BMMI declares dividend – BMMI‟s AGM has approved its board‟s proposal to distribute dividend of 50 fils per share for FY2013. Out of this, 20 fils per share has already been distributed in 1H2013. (Bahrain Bourse)  BNH declares 18% cash dividend – Bahrain National Holding Company‟s (BNH) AGM has recommended 18% cash dividend, amounting to BHD1.9mn for the year 2013. (Bahrain Bourse)
  5. 5. Contacts Saugata Sarkar Ahmed M. Shehada Keith Whitney Sahbi Kasraoui Head of Research Head of Trading Head of Sales Manager - HNWI Tel: (+974) 4476 6534 Tel: (+974) 4476 6535 Tel: (+974) 4476 6533 Tel: (+974) 4476 6544 saugata.sarkar@qnbfs.com.qa ahmed.shehada@qnbfs.com.qa keith.whitney@qnbfs.com.qa sahbi.alkasraoui@qnbfs.com.qa QNB Financial Services SPC Contact Center: (+974) 4476 6666 PO Box 24025 Doha, Qatar DISCLAIMER: This publication has been prepared by QNB Financial Services SPC (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (“QNB”). QNBFS is regulated by the Qatar Financial Markets Authority and the Qatar Exchange; QNB is regulated by the Qatar Central Bank. This publication expresses the views and opinions of QNBFS at a given time only. It is not an offer, promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or financial advice. We therefore strongly advise potential investors to seek independent professional advice before making any investment decision. Although the information in this report has been obtained from sources that QNBFS believes to be reliable, we have not independently verified such information and it may not be accurate or complete. While this publication has been prepared with the utmost degree of care by our analysts, QNBFS does not make any representations or warranties as to the accuracy and completeness of the information it may contain, and declines any liability in that respect. QNBFS reserves the 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 (0.1%) (0.1%) (0.3%) 0.1% (0.5%) (0.5%) 2.0% (1.0%) (0.5%) 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% SaudiArabia Qatar Kuwait Bahrain Oman AbuDhabi Dubai Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD% Gold/Ounce 1,383.05 0.0 0.0 14.7 DJ Industrial 16,065.67 0.0 0.0 (3.1) Silver/Ounce 21.45 0.0 0.0 10.2 S&P 500 1,841.13 0.0 0.0 (0.4) Crude Oil (Brent)/Barrel (FM Future) 108.57 0.0 0.0 (2.0) NASDAQ 100 4,245.40 0.0 0.0 1.6 Natural Gas (Henry Hub)/MMBtu 4.38 0.0 0.0 0.8 STOXX 600 322.23 0.0 0.0 (1.8) North American Spot LPG Propane Price 105.63 0.0 0.0 (16.3) DAX 9,056.41 0.0 0.0 (5.2) North American Spot LPG Normal Butane Price 127.63 0.0 0.0 (6.5) FTSE 100 6,527.89 0.0 0.0 (3.3) Euro 1.39 0.0 0.0 1.2 CAC 40 4,216.37 0.0 0.0 (1.9) Yen 101.36 0.0 0.0 (3.8) Nikkei 14,327.66 0.0 0.0 (12.1) GBP 1.66 0.0 0.0 0.5 MSCI EM 937.69 0.0 0.0 (6.5) CHF 1.15 0.0 0.0 2.4 SHANGHAI SE Composite 2,004.34 0.0 0.0 (5.3) AUD 0.90 0.0 0.0 1.2 HANG SENG 21,539.49 0.0 0.0 (7.6) USD Index 79.45 0.0 0.0 (0.7) BSE SENSEX 21,809.80 0.0 0.0 3.0 RUB 36.63 0.0 0.0 11.4 Bovespa 44,965.66 0.0 0.0 (12.7) BRL 0.43 0.0 0.0 0.6 RTS 1,062.47 0.0 0.0 (26.4) 162.8 145.4 132.6

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