SlideShare a Scribd company logo
1 of 5
Download to read offline
Page 1 of 5
QE Intra-Day Movement
Qatar Commentary
The QE index rose 0.7% to close at 9,698.4. Gains were led by the Real Estate
and Transportation indices, gaining 1.6% and 1.0% respectively. Top gainers
were Gulf International Services and Qatar General Ins. & Rein. Co., rising
3.7% each. Among the top losers, Islamic Holding Group fell 0.4%, while Gulf
Warehousing Co. declined 0.2%.
GCC Commentary
Saudi Arabia: The TASI index rose 0.1% to close at 8,014.4. Gains were led
by the Hotel & Tourism and Build. & Const. indices, rising 3.0% and 1.1%
respectively. Saudi Ceramic rose 4.7%, while Al Tayyar Travel was up 4.6%.
Dubai: The DFM index gained 2.7% to close at 2,829.5. The Investment &
Financial Services index rose 13.9%, while the Real Estate & Cons. index was
up 1.9%. Dubai Investments and Dubai Fin. Market surged 14.7% each.
Abu Dhabi: The ADX benchmark index rose 0.6% to close at 3,861.8. The
Consumer index gained 4.2%, while the Banking index was up 0.9%. Sharjah
Cement & Industrial Dev. surged 14.7%, while Int. Fish Farming gained 13.9%.
Kuwait: The KSE index declined 0.1% to close at 7,717.5. The Health Care
index fell 1.9%, while the Industrial index was down 1.1%. Safwan Trading &
Contracting Co. declined 22.1%, while Kuwait Real Estate Holding fell 7.9%.
Oman: The MSM index rose 0.5% to close at 6,674.8. Gains were led by the
Industrial and Banking & Investment indices, gaining 0.5% each. Construction
Mat. Ind. & Cont. Co. rose 7.1%, while Al Batinah Dev. Inv. was up 4.5%.
Bahrain: The BHB index gained 0.5% to close at 1,195.3. The Services index
rose 2.3%, while the Commercial Banking index was up 0.4%. Bahrain
Telecomm. Co. gained 4.2%, while National Bank of Bahrain was up 1.6%.
Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD%
Gulf International Services 53.00 3.7 410.5 76.7
Qatar General Ins. & Rein. Co. 53.40 3.7 1.0 16.1
United Development Co. 21.94 2.0 1,381.8 23.3
Al Meera Consumer Goods Co. 133.70 1.8 29.3 9.2
Medicare Group 48.95 1.7 268.0 37.1
Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD%
United Development Co. 21.94 2.0 1,381.8 23.3
Qatar Gas Transport Co. 19.33 1.2 536.7 26.7
Gulf International Services 53.00 3.7 410.5 76.7
Masraf Al Rayan 29.05 1.0 374.8 17.2
Doha Bank 54.30 1.1 362.0 17.1
Source: Bloomberg (* in QR)
Market Indicators 02 Oct 13 01 Oct 13 %Chg.
Value Traded (QR mn) 258.1 164.2 57.2
Exch. Market Cap. (QR mn) 527,921.6 525,460.3 0.5
Volume (mn) 5.8 3.8 51.5
Number of Transactions 3,040 2,265 34.2
Companies Traded 37 39 (5.1)
Market Breadth 31:3 9:21 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 13,856.73 0.7 1.2 22.5 N/A
All Share Index 2,438.79 0.6 1.1 21.1 12.1
Banks 2,352.38 0.4 0.6 20.7 12.5
Industrials 3,098.32 0.5 2.2 17.9 10.8
Transportation 1,791.85 1.0 1.2 33.7 12.3
Real Estate 1,767.65 1.6 2.1 9.7 13.3
Insurance 2,250.25 0.8 0.3 14.6 9.4
Telecoms 1,445.47 0.6 0.3 35.7 15.2
Consumer 5,898.67 0.9 0.0 26.3 24.2
Al Rayan Islamic Index 2,780.83 0.9 1.4 11.8 14.3
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
Dubai Investments Dubai 2.18 14.7 178,117.1 155.9
Dubai Fin. Market Dubai 2.34 14.7 143,736.0 129.4
Saudi Ceramic Co. Saudi Arabia 123.50 4.7 419.4 67.5
Al Tayyar Travel Saudi Arabia 97.25 4.6 1,061.7 130.6
Herfy Food Services Saudi Arabia 125.25 4.4 111.5 31.2
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
Salhia Real Estate Co. Kuwait 0.35 (4.2) 5.0 (6.8)
Combined Group Cont. Kuwait 1.28 (3.0) 30.0 (12.3)
Fawaz Alhokair & Co. Saudi Arabia 139.50 (2.3) 266.7 101.2
Al Mouwasat Med. Ser. Saudi Arabia 84.50 (2.0) 491.4 57.2
ALAFCO Kuwait 0.28 (1.7) 389.3 (19.7)
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%
Islamic Holding Group 41.80 (0.4) 20.5 10.0
Gulf Warehousing Co. 40.35 (0.2) 4.1 20.4
QNB Group 167.40 (0.2) 125.7 27.9
Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD%
Industries Qatar 152.30 0.1 46,194.2 8.0
United Development Co. 21.94 2.0 30,338.5 23.3
Gulf International Services 53.00 3.7 21,605.4 76.7
QNB Group 167.40 (0.2) 21,117.0 27.9
Commercial Bank of Qatar 68.90 0.7 20,997.5 (2.8)
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* 9,698.36 0.7 1.2 0.9 16.0 70.88 144,967.3 12.0 1.7 4.7
Dubai 2,829.53 2.7 3.4 2.4 74.4 388.25 68,738.0 16.5 1.1 3.2
Abu Dhabi 3,861.79 0.6 0.6 0.5 46.8 145.09 110,947.7 11.0 1.4 4.7
Saudi Arabia 8,014.39 0.1 0.4 0.6 17.8 1,153.11 426,020.6 16.7 2.1 3.6
Kuwait 7,717.49 (0.1) (0.8) (0.6) 30.0 141.39 124,872.1 18.6 1.3 3.6
Oman 6,674.76 0.5 0.2 0.4 15.9 21.79 23,305.5 11.0 1.6 3.9
Bahrain 1,195.27 0.5 (0.2) 0.1 12.2 0.60 23,349.2 8.4 0.8 4.0
Source: Bloomberg, Qatar Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
9,600
9,620
9,640
9,660
9,680
9,700
9,720
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00
Page 2 of 5
Qatar Market Commentary
 The QE index rose 0.7% to close at 9,698.4. The Real Estate
and Transportation indices led the gains. The index rose on the
back of buying support from non-Qatari shareholders despite
selling pressure from Qatari shareholders.
 Gulf International Services and Qatar General Ins. & Rein. Co.
were the top gainers, rising 3.7% each. Among the top losers,
Islamic Holding Group fell 0.4%, while Gulf Warehousing Co.
declined 0.2%.
 Volume of shares traded on Wednesday rose by 51.5% to 5.8mn
from 3.8mn on Tuesday. However, as compared to the 30-day
moving average of 8.3mn, volume for the day was 29.9% lower.
United Development Co. and Qatar Gas Transport Co. were the
most active stocks, contributing 23.9% and 9.3% to the total
volume respectively.
Source: Qatar Exchange (* as a % of traded value)
Earnings and Global Economic Data
Earnings Releases
Company Market Currency
Revenue
(mn)
% Change
YoY
Operating Profit
(mn)
% Change
YoY
Net Profit (mn)
% Change
YoY
Dubai Refreshments Co.
(DRC)*
Dubai AED 665.0 -12.8% 80.5 -31.7% 89.5 -29.2%
Source: Company data, DFM (*Nine month period ended September 30, 2013)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
10/02 US MBA MBA Mortgage Applications 27-September -0.40% – 5.50%
10/02 EU European Central Bank ECB Announces Interest Rates 2-October 0.50% 0.50% 0.50%
10/02 UK Markit PMI Construction September 58.9 59.5 59.1
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
 National Health Insurance Co to gradually take over NSHI –
The Supreme Council of Health’s (SCH) Assistant Secretary
General for Policy Affairs Dr. Faleh Mohamed Hussein said all
the health insurance companies operating in Qatar will gradually
pave way for the new National Health Insurance Company that
is scheduled to take over the National Social Health Insurance
(NSHI) project. He added all the public and private healthcare
providers in the country will be included in the NSHI scheme
over the next 10 years. (Gulf-Times.com)
 ORDS considers secondary listing in London, in talks with
Telenor to share towers in Myanmar – According to sources,
Ooredoo (ORDS) is considering a secondary stock market
listing in London as the company looks to diversify its investor
base and improve the liquidity of its shares. ORDS has sent out
a request for proposals to banks for studying the merits of such
a listing. Meanwhile, Ooredoo’s Chief Strategy Officer Jeremy
Sell said the company is in talks with Norway-based Telenor
Group to share transmitter towers in Myanmar, in order to save
costs as they build networks in one of the least developed
telecom markets. In June 2013, Myanmar had awarded its first
foreign mobile licenses to these two companies after receiving
interest from around 90 companies. (Gulf-Times.com, Reuters)
 QFC Authority: Enormous opportunities in Qatar asset
management – Qatar Financial Centre (QFC) Authority CEO
Shashank Srivastava said with the volume of assets under
management (AuM) in the MENA region multiplying over the
past few years, the role of asset management in Qatar’s
financial market is set to grow solidly. He added that strong
currents are running in Qatar in favor of the Asset Management
sector as it will harness the sector’s potential to promote overall
financial market and economic development. (Peninsula Qatar)
 QOIS to announce its 3Q2013 results on October 27 – Qatar
Oman Investment Company (QOIS) will disclose its quarterly
financial results for the period ending September 30, 2013 on
October 27, 2013. (QE)
 QIBK to disclose its 3Q2013 financials on October 20 – The
Qatar Islamic Bank (QIBK) will disclose its quarterly financial
results for the period ending September 30, 2013 on October
20, 2013. (QE)
 TI'ME Hotels to develop four-star hotel in Wakra – UAE-
based TI'ME Hotels Management will develop a new 114-room
four-star hotel named “TI'ME Rako Hotel” in Wakra. This nine-
storey hotel is set to open by mid-2015 and will feature a grand
lobby, two restaurants including one all-day dining outlet,
banquet space, a gym, rooftop swimming pool, and several retail
outlets. (AME Info)
 Q-Post to start home delivery of mail soon – Q-Post will soon
start home delivery of letters and parcels and the General Postal
Corporation is working to set up a home delivery system. (Gulf-
Times.com)
 MOQ names new head of Qatarisation – Maersk Oil Qatar
(MOQ) has appointed Sheikh Jassim bin Saud Al-Thani as its
new head of Qatarisation. Sheikh Jassim joined MOQ in 2011,
and has worked as a senior project manager in information
technology, finance and business support. (Gulf-Times.com)
Overall Activity Buy %* Sell %* Net (QR)
Qatari 60.01% 63.68% (9,453,246.82)
Non-Qatari 39.99% 36.33% 9,453,246.82
Page 3 of 5
International
 ECB ready to use any option to temper market rates – The
European Central Bank President Mario Draghi said the ECB is
watching moves in market interest rates closely and is ready to
use any policy option to temper them if needed. He said the
central bank is particularly observing any moves in the market
rates, which could threaten economic recovery or push inflation
too low. Meanwhile, the ECB left its official Eurozone rates at a
record low 0.5%. (Reuters)
 Ireland has space to reduce austerity in 2014 – Ireland’s
Finance Minister Michael Noonan said Ireland has space to
ease up on austerity measures in 2014. The country is due to
complete its €85bn international bailout in 2013, becoming the
first Eurozone member to do so, but still needs to keep a tight
rein on its finances to maintain market confidence. (Reuters)
 China’s official services PMI rises to 55.4 in September –
According to the latest data released by the National Bureau of
Statistics, China's official Purchasing Managers' Index (PMI) for
the non-manufacturing sector rose to 55.4 in September from
53.9 in August. The services sector index followed the official
manufacturing PMI, which showed China's factory activity edged
up slightly in September. However, small firms struggled in the
face of overcapacity and weak demand, adding to concerns that
the nascent economic recovery may be floundering. (Reuters)
 Moody’s lowers Brazil’s outlook to Stable from Positive –
Moody’s Investors Service has lowered its outlook on Brazil’s
sovereign rating from Positive to Stable, citing deteriorating debt
conditions and investment ratios and evidence of meager growth
in the economy. Moody’s said even though there are signs that
the Brazilian economy may be starting to recover, it is unlikely
that it will be strong enough to restore a positive trend in Brazil’s
credit metrics. Meanwhile, Moody’s affirmed Brazil’s Baa2
government bond rating. (Bloomberg)
Regional
 IATA: Mid-east airlines flying high on passenger, capacity
growth – According to a report released by the International Air
Transport Association (IATA), Middle East carriers have
reported the highest growth in passenger traffic and capacity,
generating much higher earnings in their international routes in
August, than the global average. The carriers’ revenue per
kilometer (RPK) grew 15.1% YoY in August as compared to the
global average of 7.5%. Capacity expansion in terms of
available-seat-per-kilometer, stood at 10.8%, pushing up load
factor (PLF) 3.1 percentage points to 82.0%. (Gulf-Times.com)
 TASNEE signs SR4bn Islamic finance agreement with
banks – National Industrialization Company (TASNEE) has
signed a SR4bn Islamic financing agreement with Riyad Bank,
Rajhi Bank, Bank Albilad, Emirates NBD, Saudi British Bank,
Samba, Saudi Fransi and Saudi Investment Bank. This facility
will be used to finance projects, refinance current loans having
tenure of eight years with a grace period of one year.
(Bloomberg)
 Dubai, Abu Dhabi appoints banks to advice on possible
DFM-ADX merger – Dubai and Abu Dhabi have appointed
banks to advice on the possible merger of Dubai Financial
Market (DFM) and Abu Dhabi Securities Exchange (ADX). Abu
Dhabi has hired JP Morgan Chase and First Gulf Bank, while
Dubai has appointed Citigroup to advice on the possible merger.
According to sources, both the Emirates governments aim to
reach this deal by 2013-end and Nasdaq Dubai is unlikely to be
part of this merger. (Reuters)
 Dubai plans to spend AED2bn on canal project – Dubai is
planning to spend AED2bn on building a canal through its
downtown area, part of a series of construction projects being
launched as the Emirate recovers from its 2009-2010 debt crisis.
The 3 kilometer canal is to extend from a business district to
Dubai’s Gulf coast, creating new waterfront land that can be
used to build hotels, marinas and other tourist facilities. This
project is to be completed by 2017. (Gulf-Times.com)
 Senaat, Ducab form JV to build 50,000 tpa aluminum plant –
Senaat General Holding Corporation (Senaat) and Dubai Cable
Company (Ducab) have established a JV “Ducab Aluminum”, to
construct a 50,000 ton per annum (tpa) aluminum rod mill plant
in the Khalifa Industrial Zone of Abu Dhabi (KIZAD). This new
plant once completed, will manufacture electrical conductive
(EC) grade & aluminum alloy rods, wires and bare overhead
conductors. The liquid aluminum required in the manufacturing
process will be supplied from Emirates Aluminum Company
Limited’s (EMAL) smelter in Taweelah, Abu Dhabi. The total
cost of the plant is expected to be around AED220mn. Ducab
Aluminum aims to capitalize on the growing market demand for
aluminum rods and conductors within the MENA region. (AME
Info)
 First Dubai inks agreement to renew credit limit of KD3.5mn
– First Dubai Real Estate Development Company has inked an
agreement with a local Islamic bank to renew its credit limit of
KD3.5mn. This amount will be used to repay the debts over a
period of five years starting from 2013 until 2017. (AME Info)
 Nakheel to renovate 300 homes at Jebel Ali Village –
Nakheel will renovate nearly 300 homes at Dubai’s Jebel Ali
Village under the AED50.5mn restoration scheme. Jebel Ali
Village has 290 villas which are available for lease with annual
rents starting from AED125,000. As part of the opening offer for
villas, Nakheel will offer free rent for two months and discounts
on single installments for two to six bedrooms in size.
(GulfBase.com)
 Mashreqbank, UNB sign AED392mn syndicated facility with
Anel and Anel Emirates – Mashreqbank and Union National
Bank (UNB) have successfully signed a AED392mn syndicated
contracting facility for financing the bonding and working capital
requirements for Anel Elektrik Proje Taahhut ve Ticaret, Turkey
(Anel) and Anel Emirates General Contracting, UAE (Anel
Emirates) to carry out the electrical works being undertaken for
the expansion of the Midfield Terminal Complex (MTC) at Abu
Dhabi’s International Airport. Mashreqbank has acted as the
exclusive coordinator for this facility. (GulfBase.com)
 Abu Dhabi’s oil concessions to continue after expiry of its
licenses – Abu Dhabi National Oil Company’s (ADNOC)
Director General Abdullah Nasser Al Suwaidi said Abu Dhabi’s
onshore oil concessions will continue to pump crude at their
normal pace even after the expiry of its licenses in January.
(Bloomberg)
 Moody’s: Kuwait’s economic, fiscal strengths support Aa2
sovereign ratings – Moody’s said Kuwait’s very high level of
economic and fiscal strength supports its Aa2 sovereign ratings,
with a Stable outlook. Kuwait’s GDP per capita, in purchasing
power terms, stood at approximately $40,000 in 2012, a level
similar to Germany, while its national income has been boosted
by a substantial hydrocarbon endowment, reserves that equal
92 years of current production. Moody’s said Kuwait’s fiscal
breakeven oil price is considerably lower than most other oil
exporters. It has historically run wide fiscal and overall balance
of payments surpluses. This has enabled both public and private
sectors to accumulate substantial net foreign assets.
(GulfBase.com)
Page 4 of 5
 Jazeera Airways to begin weekly flights to Al Maktoum
International Airport from October 31 – Jazeera Airways will
begin two weekly flights to Al Maktoum International Airport at
Dubai World Central from October 31, 2013. This airport is
scheduled to start passenger operations on October 27.
(GulfBase.com)
 Oman's Central Bank reduces ceiling on interest rates on
new personal loans – Oman's Central Bank has reduced the
ceiling on interest rates that commercial banks can charge on
new personal loans to 6% from 7% percent in order to ease the
financial burden on borrowers in the country. Analysts polled by
Reuters in September forecasted Oman's economic growth to
ease to 3.9% in 2014 from an estimated 4.5% in 2013. (Reuters)
 OCC awards new cement mill contract to F.L.Smidth –
Oman Cement Company (OCC) has decided to award a
contract to F.L.Smidth Private Ltd. to supply and install a new
cement mill having a capacity of 150 metric tons per hour
(MTPH). The upgradation of the Kiln-1 project is in progress with
Kiln under shutdown to achieve higher level of production and
better pollution control. The Kiln is expected to start production
in about six months’ time after completion of the necessary
upgradation work. (MSM)
 Bahrain’s economy fell 0.3% QoQ in 2Q2013 – According to
data released by Bahrain’s Central Informatics Organization
(CIO), the country’s economy fell 0.3% QoQ in 2Q2013 due to
weakness in its financial sector. Its GDP, adjusted for inflation,
increased 5.3% YoY in 2Q2013. The country’s financial industry,
which accounts for roughly 16% of its GDP, decreased 1% QoQ
in 2Q2013. The data showed that the output in the hydrocarbons
sector that accounts for a quarter of Bahrain’s economy grew
1.2% QoQ (+18.6% YoY) in 2Q2013. The output from the
hospitality sector rose 1.7% QoQ in 2Q2013 from a 0.5%
percent rise in 1Q2013. Analysts polled by Reuters in
September forecast that Bahrain's GDP growth would
accelerate to 4.0% in 2013 from 3.4% in 2012, before slowing
again to 3.5% in 2014. (Reuters)
 CBB’s monthly issue of T-bills oversubscribed by 218% –
The Central Bank of Bahrain’s (CBB) October issue of
BHD30mn treasury bills has been oversubscribed by 218%.
These bills carry a maturity of 182 days and will mature on April
6, 2014. The weighted average rate of interest is 0.94%, as
compared to 0.93% for the previous issue. (AME Info)
 Gulf Air increases flights to Pakistan by 30% – Bahrain’s Gulf
Air has increased flights to Pakistan by 30% from 14 weekly
flights to 21 flights in order to meet the increasing passenger
demand. (Bloomberg)
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 (*Markets closed on October 02, 2013)
80.0
90.0
100.0
110.0
120.0
130.0
140.0
150.0
Jan-10 Aug-10 Mar-11 Oct-11 May-12 Dec-12 Jul-13
QE Index S&PPan Arab S&P GCC
0.1%
0.7%
(0.1%)
0.5% 0.5% 0.6%
2.7%
(0.9%)
0.0%
0.9%
1.8%
2.8%
3.7%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD%
Gold/Ounce 1,316.19 2.2 (1.5) (21.4) DJ Industrial 15,133.14 (0.4) (0.8) 15.5
Silver/Ounce 21.73 2.5 (0.3) (28.4) S&P 500 1,693.87 (0.1) 0.1 18.8
Crude Oil (Brent)/Barrel (FM
Future)
109.19 1.2 0.5 (1.7) NASDAQ 100 3,815.02 (0.1) 0.9 26.3
Natural Gas (Henry
Hub)/MMBtu
3.61 1.3 3.0 5.2 STOXX 600 310.79 (0.7) (0.4) 11.1
North American Spot LPG
Propane Price
108.25 0.0 2.1 20.9 DAX 8,629.42 (0.7) (0.4) 13.4
North American Spot LPG
Normal Butane Price
142.75 2.0 3.4 (17.5) FTSE 100 6,437.50 (0.3) (1.2) 9.2
Euro 1.36 0.4 0.4 2.9 CAC 40 4,158.16 (0.9) (0.7) 14.2
Yen 97.36 (0.7) (0.9) 12.2 Nikkei 14,170.49 (2.2) (4.0) 36.3
GBP 1.62 0.2 0.5 (0.2) MSCI EM 997.85 0.2 (0.2) (5.4)
CHF 1.11 0.3 0.3 1.4 SHANGHAI SE Composite* 2,174.67 0.0 0.7 (4.2)
AUD 0.94 (0.1) 0.7 (9.7) HANG SENG 22,984.48 0.5 (1.0) 1.4
USD Index 79.90 (0.3) (0.5) 0.2 BSE SENSEX* 19,517.15 0.0 (1.1) 0.5
RUB 32.21 (0.1) (0.4) 5.5 Bovespa 53,100.18 (0.1) (1.2) (12.9)
BRL 0.45 0.7 2.5 (6.8) RTS 1,421.94 (1.1) (0.8) (6.9)
139.4
126.1
114.6

More Related Content

What's hot

17 August Daily market report
17 August Daily market report17 August Daily market report
17 August Daily market reportQNB Group
 
30 March Daily market report
30 March Daily market report 30 March Daily market report
30 March Daily market report QNB Group
 
6 April Daily market report
6 April Daily market report6 April Daily market report
6 April Daily market reportQNB Group
 
QNBFS Daily Market Report May 02, 2018
QNBFS Daily Market Report May 02, 2018QNBFS Daily Market Report May 02, 2018
QNBFS Daily Market Report May 02, 2018QNB Group
 
23 March Daily market report
23 March Daily market report23 March Daily market report
23 March Daily market reportQNB Group
 
25 August Daily market report
25 August Daily market report25 August Daily market report
25 August Daily market reportQNB Group
 
6 September Daily market report
6 September Daily market report6 September Daily market report
6 September Daily market reportQNB Group
 
22 September Daily Market Report
22 September Daily Market Report 22 September Daily Market Report
22 September Daily Market Report QNB Group
 
QNBFS Daily Market Report January 22, 2020
QNBFS Daily Market Report January 22, 2020QNBFS Daily Market Report January 22, 2020
QNBFS Daily Market Report January 22, 2020QNB Group
 
QNBFS Daily Market Report June 23, 2021
QNBFS Daily Market Report June 23, 2021QNBFS Daily Market Report June 23, 2021
QNBFS Daily Market Report June 23, 2021QNB Group
 
QNBFS Daily Market Report May 06, 2021
QNBFS Daily Market Report May 06, 2021QNBFS Daily Market Report May 06, 2021
QNBFS Daily Market Report May 06, 2021QNB Group
 
QNBFS Daily Market Report July 09, 2018
QNBFS Daily Market Report July 09, 2018QNBFS Daily Market Report July 09, 2018
QNBFS Daily Market Report July 09, 2018QNB Group
 
28 September Daily market report
28 September Daily market report 28 September Daily market report
28 September Daily market report QNB Group
 
22 June Daily market report
22 June Daily market report 22 June Daily market report
22 June Daily market report QNB Group
 
QNBFS Daily Market Report June 21, 2020
QNBFS Daily Market Report June 21, 2020QNBFS Daily Market Report June 21, 2020
QNBFS Daily Market Report June 21, 2020QNB Group
 
11 June Daily market report
11 June Daily market report 11 June Daily market report
11 June Daily market report QNB Group
 
2 April Daily market report
2 April Daily market report2 April Daily market report
2 April Daily market reportQNB Group
 
QNBFS Daily Market Report January 20, 2019
QNBFS Daily Market Report January 20, 2019QNBFS Daily Market Report January 20, 2019
QNBFS Daily Market Report January 20, 2019QNB Group
 
QNBFS Daily Market Report November 16, 2020
QNBFS Daily Market Report November 16, 2020QNBFS Daily Market Report November 16, 2020
QNBFS Daily Market Report November 16, 2020QNB Group
 
27 May Technical market report
27 May Technical market report27 May Technical market report
27 May Technical market reportQNB Group
 

What's hot (20)

17 August Daily market report
17 August Daily market report17 August Daily market report
17 August Daily market report
 
30 March Daily market report
30 March Daily market report 30 March Daily market report
30 March Daily market report
 
6 April Daily market report
6 April Daily market report6 April Daily market report
6 April Daily market report
 
QNBFS Daily Market Report May 02, 2018
QNBFS Daily Market Report May 02, 2018QNBFS Daily Market Report May 02, 2018
QNBFS Daily Market Report May 02, 2018
 
23 March Daily market report
23 March Daily market report23 March Daily market report
23 March Daily market report
 
25 August Daily market report
25 August Daily market report25 August Daily market report
25 August Daily market report
 
6 September Daily market report
6 September Daily market report6 September Daily market report
6 September Daily market report
 
22 September Daily Market Report
22 September Daily Market Report 22 September Daily Market Report
22 September Daily Market Report
 
QNBFS Daily Market Report January 22, 2020
QNBFS Daily Market Report January 22, 2020QNBFS Daily Market Report January 22, 2020
QNBFS Daily Market Report January 22, 2020
 
QNBFS Daily Market Report June 23, 2021
QNBFS Daily Market Report June 23, 2021QNBFS Daily Market Report June 23, 2021
QNBFS Daily Market Report June 23, 2021
 
QNBFS Daily Market Report May 06, 2021
QNBFS Daily Market Report May 06, 2021QNBFS Daily Market Report May 06, 2021
QNBFS Daily Market Report May 06, 2021
 
QNBFS Daily Market Report July 09, 2018
QNBFS Daily Market Report July 09, 2018QNBFS Daily Market Report July 09, 2018
QNBFS Daily Market Report July 09, 2018
 
28 September Daily market report
28 September Daily market report 28 September Daily market report
28 September Daily market report
 
22 June Daily market report
22 June Daily market report 22 June Daily market report
22 June Daily market report
 
QNBFS Daily Market Report June 21, 2020
QNBFS Daily Market Report June 21, 2020QNBFS Daily Market Report June 21, 2020
QNBFS Daily Market Report June 21, 2020
 
11 June Daily market report
11 June Daily market report 11 June Daily market report
11 June Daily market report
 
2 April Daily market report
2 April Daily market report2 April Daily market report
2 April Daily market report
 
QNBFS Daily Market Report January 20, 2019
QNBFS Daily Market Report January 20, 2019QNBFS Daily Market Report January 20, 2019
QNBFS Daily Market Report January 20, 2019
 
QNBFS Daily Market Report November 16, 2020
QNBFS Daily Market Report November 16, 2020QNBFS Daily Market Report November 16, 2020
QNBFS Daily Market Report November 16, 2020
 
27 May Technical market report
27 May Technical market report27 May Technical market report
27 May Technical market report
 

Viewers also liked

Relationshipsinecosystems 101208130129-phpapp02
Relationshipsinecosystems 101208130129-phpapp02Relationshipsinecosystems 101208130129-phpapp02
Relationshipsinecosystems 101208130129-phpapp02MaTerish Soliman
 
Family Fun Day at New Tampa Masjid. September 28th, 2013
Family Fun Day at New Tampa Masjid. September 28th, 2013Family Fun Day at New Tampa Masjid. September 28th, 2013
Family Fun Day at New Tampa Masjid. September 28th, 2013newtampayouthgroup
 
Telling Persona Stories
Telling Persona StoriesTelling Persona Stories
Telling Persona StoriesErin Liman
 
3 October Daily Technical Trader
3 October Daily Technical Trader3 October Daily Technical Trader
3 October Daily Technical TraderQNB Group
 

Viewers also liked (6)

Relationshipsinecosystems 101208130129-phpapp02
Relationshipsinecosystems 101208130129-phpapp02Relationshipsinecosystems 101208130129-phpapp02
Relationshipsinecosystems 101208130129-phpapp02
 
Family Fun Day at New Tampa Masjid. September 28th, 2013
Family Fun Day at New Tampa Masjid. September 28th, 2013Family Fun Day at New Tampa Masjid. September 28th, 2013
Family Fun Day at New Tampa Masjid. September 28th, 2013
 
Telling Persona Stories
Telling Persona StoriesTelling Persona Stories
Telling Persona Stories
 
Canara bank
Canara bankCanara bank
Canara bank
 
dubai photo
dubai photodubai photo
dubai photo
 
3 October Daily Technical Trader
3 October Daily Technical Trader3 October Daily Technical Trader
3 October Daily Technical Trader
 

Similar to 2 October Daily Market Report

9 August Daily market report
9 August Daily market report9 August Daily market report
9 August Daily market reportQNB Group
 
QNBFS Daily Market Report July 03, 2018
QNBFS Daily Market Report July 03, 2018QNBFS Daily Market Report July 03, 2018
QNBFS Daily Market Report July 03, 2018QNB Group
 
QNBFS Daily Market Report April 19, 2017
QNBFS Daily Market Report April 19, 2017QNBFS Daily Market Report April 19, 2017
QNBFS Daily Market Report April 19, 2017QNB Group
 
18 August Daily market report
18 August Daily market report 18 August Daily market report
18 August Daily market report QNB Group
 
QNBFS Daily Market Report May 09, 2016
QNBFS Daily Market Report May 09, 2016QNBFS Daily Market Report May 09, 2016
QNBFS Daily Market Report May 09, 2016QNB Group
 
8 March Daily market report
8 March Daily market report8 March Daily market report
8 March Daily market reportQNB Group
 
QNBFS Daily Market Report August 29, 2018
QNBFS Daily Market Report August 29, 2018QNBFS Daily Market Report August 29, 2018
QNBFS Daily Market Report August 29, 2018QNB Group
 
QNBFS Daily Market Report April 27, 2023
QNBFS Daily Market Report April 27, 2023QNBFS Daily Market Report April 27, 2023
QNBFS Daily Market Report April 27, 2023QNB Group
 
QNBFS Daily Market Report May 10, 2016
QNBFS Daily Market Report May 10, 2016 QNBFS Daily Market Report May 10, 2016
QNBFS Daily Market Report May 10, 2016 QNB Group
 
28 July Technical Market Report
28 July Technical Market Report28 July Technical Market Report
28 July Technical Market ReportQNB Group
 
22 April Daily Market Report
22 April Daily Market Report22 April Daily Market Report
22 April Daily Market ReportQNB Group
 
QNBFS Daily Market Report May 15, 2018
QNBFS Daily Market Report May 15, 2018QNBFS Daily Market Report May 15, 2018
QNBFS Daily Market Report May 15, 2018QNB Group
 
QNBFS Daily Market Report June 07, 2022
QNBFS Daily Market Report June 07, 2022QNBFS Daily Market Report June 07, 2022
QNBFS Daily Market Report June 07, 2022QNB Group
 
QNBFS Daily Market Report August 09, 2021
QNBFS Daily Market Report August 09, 2021QNBFS Daily Market Report August 09, 2021
QNBFS Daily Market Report August 09, 2021QNB Group
 
8 December Daily Market Report
8 December Daily Market Report8 December Daily Market Report
8 December Daily Market ReportQNB Group
 
QNBFS Daily Market Report May 15, 2017
QNBFS Daily Market Report May 15, 2017QNBFS Daily Market Report May 15, 2017
QNBFS Daily Market Report May 15, 2017QNB Group
 
5 May Daily market report
5 May Daily market report 5 May Daily market report
5 May Daily market report QNB Group
 
9 July Daily market report
9 July Daily market report 9 July Daily market report
9 July Daily market report QNB Group
 
QNBFS Daily Market Report January 04, 2022
QNBFS Daily Market Report January 04, 2022QNBFS Daily Market Report January 04, 2022
QNBFS Daily Market Report January 04, 2022QNB Group
 
7 April Daily market report
7 April Daily market report7 April Daily market report
7 April Daily market reportQNB Group
 

Similar to 2 October Daily Market Report (20)

9 August Daily market report
9 August Daily market report9 August Daily market report
9 August Daily market report
 
QNBFS Daily Market Report July 03, 2018
QNBFS Daily Market Report July 03, 2018QNBFS Daily Market Report July 03, 2018
QNBFS Daily Market Report July 03, 2018
 
QNBFS Daily Market Report April 19, 2017
QNBFS Daily Market Report April 19, 2017QNBFS Daily Market Report April 19, 2017
QNBFS Daily Market Report April 19, 2017
 
18 August Daily market report
18 August Daily market report 18 August Daily market report
18 August Daily market report
 
QNBFS Daily Market Report May 09, 2016
QNBFS Daily Market Report May 09, 2016QNBFS Daily Market Report May 09, 2016
QNBFS Daily Market Report May 09, 2016
 
8 March Daily market report
8 March Daily market report8 March Daily market report
8 March Daily market report
 
QNBFS Daily Market Report August 29, 2018
QNBFS Daily Market Report August 29, 2018QNBFS Daily Market Report August 29, 2018
QNBFS Daily Market Report August 29, 2018
 
QNBFS Daily Market Report April 27, 2023
QNBFS Daily Market Report April 27, 2023QNBFS Daily Market Report April 27, 2023
QNBFS Daily Market Report April 27, 2023
 
QNBFS Daily Market Report May 10, 2016
QNBFS Daily Market Report May 10, 2016 QNBFS Daily Market Report May 10, 2016
QNBFS Daily Market Report May 10, 2016
 
28 July Technical Market Report
28 July Technical Market Report28 July Technical Market Report
28 July Technical Market Report
 
22 April Daily Market Report
22 April Daily Market Report22 April Daily Market Report
22 April Daily Market Report
 
QNBFS Daily Market Report May 15, 2018
QNBFS Daily Market Report May 15, 2018QNBFS Daily Market Report May 15, 2018
QNBFS Daily Market Report May 15, 2018
 
QNBFS Daily Market Report June 07, 2022
QNBFS Daily Market Report June 07, 2022QNBFS Daily Market Report June 07, 2022
QNBFS Daily Market Report June 07, 2022
 
QNBFS Daily Market Report August 09, 2021
QNBFS Daily Market Report August 09, 2021QNBFS Daily Market Report August 09, 2021
QNBFS Daily Market Report August 09, 2021
 
8 December Daily Market Report
8 December Daily Market Report8 December Daily Market Report
8 December Daily Market Report
 
QNBFS Daily Market Report May 15, 2017
QNBFS Daily Market Report May 15, 2017QNBFS Daily Market Report May 15, 2017
QNBFS Daily Market Report May 15, 2017
 
5 May Daily market report
5 May Daily market report 5 May Daily market report
5 May Daily market report
 
9 July Daily market report
9 July Daily market report 9 July Daily market report
9 July Daily market report
 
QNBFS Daily Market Report January 04, 2022
QNBFS Daily Market Report January 04, 2022QNBFS Daily Market Report January 04, 2022
QNBFS Daily Market Report January 04, 2022
 
7 April Daily market report
7 April Daily market report7 April Daily market report
7 April Daily market report
 

More from QNB Group

QNBFS Daily Market Report December 24, 2023
QNBFS Daily Market Report December 24, 2023QNBFS Daily Market Report December 24, 2023
QNBFS Daily Market Report December 24, 2023QNB Group
 
QNBFS Daily Market Report November 29, 2023
QNBFS Daily Market Report November 29, 2023QNBFS Daily Market Report November 29, 2023
QNBFS Daily Market Report November 29, 2023QNB Group
 
QNBFS Weekly Market Report November 23, 2023
QNBFS Weekly Market Report November 23, 2023QNBFS Weekly Market Report November 23, 2023
QNBFS Weekly Market Report November 23, 2023QNB Group
 
QNBFS Weekly Market Report November 16, 2023
QNBFS Weekly Market Report November 16, 2023QNBFS Weekly Market Report November 16, 2023
QNBFS Weekly Market Report November 16, 2023QNB Group
 
QNBFS Daily Technical Trader Qatar - November 14, 2023 التحليل الفني اليومي ل...
QNBFS Daily Technical Trader Qatar - November 14, 2023 التحليل الفني اليومي ل...QNBFS Daily Technical Trader Qatar - November 14, 2023 التحليل الفني اليومي ل...
QNBFS Daily Technical Trader Qatar - November 14, 2023 التحليل الفني اليومي ل...QNB Group
 
QNBFS Daily Technical Trader Qatar - November 06, 2023 التحليل الفني اليومي ل...
QNBFS Daily Technical Trader Qatar - November 06, 2023 التحليل الفني اليومي ل...QNBFS Daily Technical Trader Qatar - November 06, 2023 التحليل الفني اليومي ل...
QNBFS Daily Technical Trader Qatar - November 06, 2023 التحليل الفني اليومي ل...QNB Group
 
QNBFS Daily Market Report October 30, 2023
QNBFS Daily Market Report October 30, 2023QNBFS Daily Market Report October 30, 2023
QNBFS Daily Market Report October 30, 2023QNB Group
 
QNBFS Daily Technical Trader Qatar - October 25, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 25, 2023 التحليل الفني اليومي لب...QNBFS Daily Technical Trader Qatar - October 25, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 25, 2023 التحليل الفني اليومي لب...QNB Group
 
QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...QNB Group
 
QNBFS Daily Technical Trader Qatar - October 11, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 11, 2023 التحليل الفني اليومي لب...QNBFS Daily Technical Trader Qatar - October 11, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 11, 2023 التحليل الفني اليومي لب...QNB Group
 
QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...QNB Group
 
QNBFS Daily Market Report October 04, 2023
QNBFS Daily Market Report October 04, 2023QNBFS Daily Market Report October 04, 2023
QNBFS Daily Market Report October 04, 2023QNB Group
 
QNBFS Daily Technical Trader Qatar - October 04, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 04, 2023 التحليل الفني اليومي لب...QNBFS Daily Technical Trader Qatar - October 04, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 04, 2023 التحليل الفني اليومي لب...QNB Group
 
QNBFS Daily Technical Trader Qatar - September 28, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 28, 2023 التحليل الفني اليومي ...QNBFS Daily Technical Trader Qatar - September 28, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 28, 2023 التحليل الفني اليومي ...QNB Group
 
QNBFS Daily Market Report September 24, 2023
QNBFS Daily Market Report September 24, 2023QNBFS Daily Market Report September 24, 2023
QNBFS Daily Market Report September 24, 2023QNB Group
 
QNBFS Daily Technical Trader Qatar - September 24, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 24, 2023 التحليل الفني اليومي ...QNBFS Daily Technical Trader Qatar - September 24, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 24, 2023 التحليل الفني اليومي ...QNB Group
 
QNBFS Daily Technical Trader Qatar - September 19, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 19, 2023 التحليل الفني اليومي ...QNBFS Daily Technical Trader Qatar - September 19, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 19, 2023 التحليل الفني اليومي ...QNB Group
 
QNBFS Daily Market Report September 17, 2023
QNBFS Daily Market Report September 17, 2023QNBFS Daily Market Report September 17, 2023
QNBFS Daily Market Report September 17, 2023QNB Group
 
QNBFS Weekly Market Report September 07, 2023
QNBFS Weekly Market Report September 07, 2023QNBFS Weekly Market Report September 07, 2023
QNBFS Weekly Market Report September 07, 2023QNB Group
 
QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...QNB Group
 

More from QNB Group (20)

QNBFS Daily Market Report December 24, 2023
QNBFS Daily Market Report December 24, 2023QNBFS Daily Market Report December 24, 2023
QNBFS Daily Market Report December 24, 2023
 
QNBFS Daily Market Report November 29, 2023
QNBFS Daily Market Report November 29, 2023QNBFS Daily Market Report November 29, 2023
QNBFS Daily Market Report November 29, 2023
 
QNBFS Weekly Market Report November 23, 2023
QNBFS Weekly Market Report November 23, 2023QNBFS Weekly Market Report November 23, 2023
QNBFS Weekly Market Report November 23, 2023
 
QNBFS Weekly Market Report November 16, 2023
QNBFS Weekly Market Report November 16, 2023QNBFS Weekly Market Report November 16, 2023
QNBFS Weekly Market Report November 16, 2023
 
QNBFS Daily Technical Trader Qatar - November 14, 2023 التحليل الفني اليومي ل...
QNBFS Daily Technical Trader Qatar - November 14, 2023 التحليل الفني اليومي ل...QNBFS Daily Technical Trader Qatar - November 14, 2023 التحليل الفني اليومي ل...
QNBFS Daily Technical Trader Qatar - November 14, 2023 التحليل الفني اليومي ل...
 
QNBFS Daily Technical Trader Qatar - November 06, 2023 التحليل الفني اليومي ل...
QNBFS Daily Technical Trader Qatar - November 06, 2023 التحليل الفني اليومي ل...QNBFS Daily Technical Trader Qatar - November 06, 2023 التحليل الفني اليومي ل...
QNBFS Daily Technical Trader Qatar - November 06, 2023 التحليل الفني اليومي ل...
 
QNBFS Daily Market Report October 30, 2023
QNBFS Daily Market Report October 30, 2023QNBFS Daily Market Report October 30, 2023
QNBFS Daily Market Report October 30, 2023
 
QNBFS Daily Technical Trader Qatar - October 25, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 25, 2023 التحليل الفني اليومي لب...QNBFS Daily Technical Trader Qatar - October 25, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 25, 2023 التحليل الفني اليومي لب...
 
QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...
 
QNBFS Daily Technical Trader Qatar - October 11, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 11, 2023 التحليل الفني اليومي لب...QNBFS Daily Technical Trader Qatar - October 11, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 11, 2023 التحليل الفني اليومي لب...
 
QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...
 
QNBFS Daily Market Report October 04, 2023
QNBFS Daily Market Report October 04, 2023QNBFS Daily Market Report October 04, 2023
QNBFS Daily Market Report October 04, 2023
 
QNBFS Daily Technical Trader Qatar - October 04, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 04, 2023 التحليل الفني اليومي لب...QNBFS Daily Technical Trader Qatar - October 04, 2023 التحليل الفني اليومي لب...
QNBFS Daily Technical Trader Qatar - October 04, 2023 التحليل الفني اليومي لب...
 
QNBFS Daily Technical Trader Qatar - September 28, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 28, 2023 التحليل الفني اليومي ...QNBFS Daily Technical Trader Qatar - September 28, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 28, 2023 التحليل الفني اليومي ...
 
QNBFS Daily Market Report September 24, 2023
QNBFS Daily Market Report September 24, 2023QNBFS Daily Market Report September 24, 2023
QNBFS Daily Market Report September 24, 2023
 
QNBFS Daily Technical Trader Qatar - September 24, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 24, 2023 التحليل الفني اليومي ...QNBFS Daily Technical Trader Qatar - September 24, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 24, 2023 التحليل الفني اليومي ...
 
QNBFS Daily Technical Trader Qatar - September 19, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 19, 2023 التحليل الفني اليومي ...QNBFS Daily Technical Trader Qatar - September 19, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 19, 2023 التحليل الفني اليومي ...
 
QNBFS Daily Market Report September 17, 2023
QNBFS Daily Market Report September 17, 2023QNBFS Daily Market Report September 17, 2023
QNBFS Daily Market Report September 17, 2023
 
QNBFS Weekly Market Report September 07, 2023
QNBFS Weekly Market Report September 07, 2023QNBFS Weekly Market Report September 07, 2023
QNBFS Weekly Market Report September 07, 2023
 
QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...
QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...
 

Recently uploaded

VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130Suhani Kapoor
 
Quarter 4- Module 3 Principles of Marketing
Quarter 4- Module 3 Principles of MarketingQuarter 4- Module 3 Principles of Marketing
Quarter 4- Module 3 Principles of MarketingMaristelaRamos12
 
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptxFinTech Belgium
 
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...ranjana rawat
 
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptxFinTech Belgium
 
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...ssifa0344
 
How Automation is Driving Efficiency Through the Last Mile of Reporting
How Automation is Driving Efficiency Through the Last Mile of ReportingHow Automation is Driving Efficiency Through the Last Mile of Reporting
How Automation is Driving Efficiency Through the Last Mile of ReportingAggregage
 
Instant Issue Debit Cards - High School Spirit
Instant Issue Debit Cards - High School SpiritInstant Issue Debit Cards - High School Spirit
Instant Issue Debit Cards - High School Spiritegoetzinger
 
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...Suhani Kapoor
 
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779Delhi Call girls
 
03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptxFinTech Belgium
 
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130  Available With RoomVIP Kolkata Call Girl Serampore 👉 8250192130  Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Roomdivyansh0kumar0
 
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikHigh Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikCall Girls in Nagpur High Profile
 
fca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdffca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdfHenry Tapper
 
The Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdfThe Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdfGale Pooley
 
Q3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesQ3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesMarketing847413
 
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service AizawlVip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawlmakika9823
 
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...shivangimorya083
 
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure service
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure serviceCall US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure service
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure servicePooja Nehwal
 
(DIYA) Bhumkar Chowk Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(DIYA) Bhumkar Chowk Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...(DIYA) Bhumkar Chowk Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(DIYA) Bhumkar Chowk Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...ranjana rawat
 

Recently uploaded (20)

VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
VIP Call Girls Service Dilsukhnagar Hyderabad Call +91-8250192130
 
Quarter 4- Module 3 Principles of Marketing
Quarter 4- Module 3 Principles of MarketingQuarter 4- Module 3 Principles of Marketing
Quarter 4- Module 3 Principles of Marketing
 
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
05_Annelore Lenoir_Docbyte_MeetupDora&Cybersecurity.pptx
 
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(ANIKA) Budhwar Peth Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
 
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
02_Fabio Colombo_Accenture_MeetupDora&Cybersecurity.pptx
 
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
Solution Manual for Financial Accounting, 11th Edition by Robert Libby, Patri...
 
How Automation is Driving Efficiency Through the Last Mile of Reporting
How Automation is Driving Efficiency Through the Last Mile of ReportingHow Automation is Driving Efficiency Through the Last Mile of Reporting
How Automation is Driving Efficiency Through the Last Mile of Reporting
 
Instant Issue Debit Cards - High School Spirit
Instant Issue Debit Cards - High School SpiritInstant Issue Debit Cards - High School Spirit
Instant Issue Debit Cards - High School Spirit
 
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
VIP Call Girls LB Nagar ( Hyderabad ) Phone 8250192130 | ₹5k To 25k With Room...
 
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
 
03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx
 
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130  Available With RoomVIP Kolkata Call Girl Serampore 👉 8250192130  Available With Room
VIP Kolkata Call Girl Serampore 👉 8250192130 Available With Room
 
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service NashikHigh Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
High Class Call Girls Nashik Maya 7001305949 Independent Escort Service Nashik
 
fca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdffca-bsps-decision-letter-redacted (1).pdf
fca-bsps-decision-letter-redacted (1).pdf
 
The Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdfThe Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdf
 
Q3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast SlidesQ3 2024 Earnings Conference Call and Webcast Slides
Q3 2024 Earnings Conference Call and Webcast Slides
 
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service AizawlVip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
Vip B Aizawl Call Girls #9907093804 Contact Number Escorts Service Aizawl
 
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
Russian Call Girls In Gtb Nagar (Delhi) 9711199012 💋✔💕😘 Naughty Call Girls Se...
 
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure service
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure serviceCall US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure service
Call US 📞 9892124323 ✅ Kurla Call Girls In Kurla ( Mumbai ) secure service
 
(DIYA) Bhumkar Chowk Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(DIYA) Bhumkar Chowk Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...(DIYA) Bhumkar Chowk Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
(DIYA) Bhumkar Chowk Call Girls Just Call 7001035870 [ Cash on Delivery ] Pun...
 

2 October Daily Market Report

  • 1. Page 1 of 5 QE Intra-Day Movement Qatar Commentary The QE index rose 0.7% to close at 9,698.4. Gains were led by the Real Estate and Transportation indices, gaining 1.6% and 1.0% respectively. Top gainers were Gulf International Services and Qatar General Ins. & Rein. Co., rising 3.7% each. Among the top losers, Islamic Holding Group fell 0.4%, while Gulf Warehousing Co. declined 0.2%. GCC Commentary Saudi Arabia: The TASI index rose 0.1% to close at 8,014.4. Gains were led by the Hotel & Tourism and Build. & Const. indices, rising 3.0% and 1.1% respectively. Saudi Ceramic rose 4.7%, while Al Tayyar Travel was up 4.6%. Dubai: The DFM index gained 2.7% to close at 2,829.5. The Investment & Financial Services index rose 13.9%, while the Real Estate & Cons. index was up 1.9%. Dubai Investments and Dubai Fin. Market surged 14.7% each. Abu Dhabi: The ADX benchmark index rose 0.6% to close at 3,861.8. The Consumer index gained 4.2%, while the Banking index was up 0.9%. Sharjah Cement & Industrial Dev. surged 14.7%, while Int. Fish Farming gained 13.9%. Kuwait: The KSE index declined 0.1% to close at 7,717.5. The Health Care index fell 1.9%, while the Industrial index was down 1.1%. Safwan Trading & Contracting Co. declined 22.1%, while Kuwait Real Estate Holding fell 7.9%. Oman: The MSM index rose 0.5% to close at 6,674.8. Gains were led by the Industrial and Banking & Investment indices, gaining 0.5% each. Construction Mat. Ind. & Cont. Co. rose 7.1%, while Al Batinah Dev. Inv. was up 4.5%. Bahrain: The BHB index gained 0.5% to close at 1,195.3. The Services index rose 2.3%, while the Commercial Banking index was up 0.4%. Bahrain Telecomm. Co. gained 4.2%, while National Bank of Bahrain was up 1.6%. Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD% Gulf International Services 53.00 3.7 410.5 76.7 Qatar General Ins. & Rein. Co. 53.40 3.7 1.0 16.1 United Development Co. 21.94 2.0 1,381.8 23.3 Al Meera Consumer Goods Co. 133.70 1.8 29.3 9.2 Medicare Group 48.95 1.7 268.0 37.1 Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD% United Development Co. 21.94 2.0 1,381.8 23.3 Qatar Gas Transport Co. 19.33 1.2 536.7 26.7 Gulf International Services 53.00 3.7 410.5 76.7 Masraf Al Rayan 29.05 1.0 374.8 17.2 Doha Bank 54.30 1.1 362.0 17.1 Source: Bloomberg (* in QR) Market Indicators 02 Oct 13 01 Oct 13 %Chg. Value Traded (QR mn) 258.1 164.2 57.2 Exch. Market Cap. (QR mn) 527,921.6 525,460.3 0.5 Volume (mn) 5.8 3.8 51.5 Number of Transactions 3,040 2,265 34.2 Companies Traded 37 39 (5.1) Market Breadth 31:3 9:21 – Market Indices Close 1D% WTD% YTD% TTM P/E Total Return 13,856.73 0.7 1.2 22.5 N/A All Share Index 2,438.79 0.6 1.1 21.1 12.1 Banks 2,352.38 0.4 0.6 20.7 12.5 Industrials 3,098.32 0.5 2.2 17.9 10.8 Transportation 1,791.85 1.0 1.2 33.7 12.3 Real Estate 1,767.65 1.6 2.1 9.7 13.3 Insurance 2,250.25 0.8 0.3 14.6 9.4 Telecoms 1,445.47 0.6 0.3 35.7 15.2 Consumer 5,898.67 0.9 0.0 26.3 24.2 Al Rayan Islamic Index 2,780.83 0.9 1.4 11.8 14.3 GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD% Dubai Investments Dubai 2.18 14.7 178,117.1 155.9 Dubai Fin. Market Dubai 2.34 14.7 143,736.0 129.4 Saudi Ceramic Co. Saudi Arabia 123.50 4.7 419.4 67.5 Al Tayyar Travel Saudi Arabia 97.25 4.6 1,061.7 130.6 Herfy Food Services Saudi Arabia 125.25 4.4 111.5 31.2 GCC Top Losers## Exchange Close# 1D% Vol. ‘000 YTD% Salhia Real Estate Co. Kuwait 0.35 (4.2) 5.0 (6.8) Combined Group Cont. Kuwait 1.28 (3.0) 30.0 (12.3) Fawaz Alhokair & Co. Saudi Arabia 139.50 (2.3) 266.7 101.2 Al Mouwasat Med. Ser. Saudi Arabia 84.50 (2.0) 491.4 57.2 ALAFCO Kuwait 0.28 (1.7) 389.3 (19.7) 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% Islamic Holding Group 41.80 (0.4) 20.5 10.0 Gulf Warehousing Co. 40.35 (0.2) 4.1 20.4 QNB Group 167.40 (0.2) 125.7 27.9 Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD% Industries Qatar 152.30 0.1 46,194.2 8.0 United Development Co. 21.94 2.0 30,338.5 23.3 Gulf International Services 53.00 3.7 21,605.4 76.7 QNB Group 167.40 (0.2) 21,117.0 27.9 Commercial Bank of Qatar 68.90 0.7 20,997.5 (2.8) 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* 9,698.36 0.7 1.2 0.9 16.0 70.88 144,967.3 12.0 1.7 4.7 Dubai 2,829.53 2.7 3.4 2.4 74.4 388.25 68,738.0 16.5 1.1 3.2 Abu Dhabi 3,861.79 0.6 0.6 0.5 46.8 145.09 110,947.7 11.0 1.4 4.7 Saudi Arabia 8,014.39 0.1 0.4 0.6 17.8 1,153.11 426,020.6 16.7 2.1 3.6 Kuwait 7,717.49 (0.1) (0.8) (0.6) 30.0 141.39 124,872.1 18.6 1.3 3.6 Oman 6,674.76 0.5 0.2 0.4 15.9 21.79 23,305.5 11.0 1.6 3.9 Bahrain 1,195.27 0.5 (0.2) 0.1 12.2 0.60 23,349.2 8.4 0.8 4.0 Source: Bloomberg, Qatar Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any) 9,600 9,620 9,640 9,660 9,680 9,700 9,720 9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00
  • 2. Page 2 of 5 Qatar Market Commentary  The QE index rose 0.7% to close at 9,698.4. The Real Estate and Transportation indices led the gains. The index rose on the back of buying support from non-Qatari shareholders despite selling pressure from Qatari shareholders.  Gulf International Services and Qatar General Ins. & Rein. Co. were the top gainers, rising 3.7% each. Among the top losers, Islamic Holding Group fell 0.4%, while Gulf Warehousing Co. declined 0.2%.  Volume of shares traded on Wednesday rose by 51.5% to 5.8mn from 3.8mn on Tuesday. However, as compared to the 30-day moving average of 8.3mn, volume for the day was 29.9% lower. United Development Co. and Qatar Gas Transport Co. were the most active stocks, contributing 23.9% and 9.3% to the total volume respectively. Source: Qatar Exchange (* as a % of traded value) Earnings and Global Economic Data Earnings Releases Company Market Currency Revenue (mn) % Change YoY Operating Profit (mn) % Change YoY Net Profit (mn) % Change YoY Dubai Refreshments Co. (DRC)* Dubai AED 665.0 -12.8% 80.5 -31.7% 89.5 -29.2% Source: Company data, DFM (*Nine month period ended September 30, 2013) Global Economic Data Date Market Source Indicator Period Actual Consensus Previous 10/02 US MBA MBA Mortgage Applications 27-September -0.40% – 5.50% 10/02 EU European Central Bank ECB Announces Interest Rates 2-October 0.50% 0.50% 0.50% 10/02 UK Markit PMI Construction September 58.9 59.5 59.1 Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted) News Qatar  National Health Insurance Co to gradually take over NSHI – The Supreme Council of Health’s (SCH) Assistant Secretary General for Policy Affairs Dr. Faleh Mohamed Hussein said all the health insurance companies operating in Qatar will gradually pave way for the new National Health Insurance Company that is scheduled to take over the National Social Health Insurance (NSHI) project. He added all the public and private healthcare providers in the country will be included in the NSHI scheme over the next 10 years. (Gulf-Times.com)  ORDS considers secondary listing in London, in talks with Telenor to share towers in Myanmar – According to sources, Ooredoo (ORDS) is considering a secondary stock market listing in London as the company looks to diversify its investor base and improve the liquidity of its shares. ORDS has sent out a request for proposals to banks for studying the merits of such a listing. Meanwhile, Ooredoo’s Chief Strategy Officer Jeremy Sell said the company is in talks with Norway-based Telenor Group to share transmitter towers in Myanmar, in order to save costs as they build networks in one of the least developed telecom markets. In June 2013, Myanmar had awarded its first foreign mobile licenses to these two companies after receiving interest from around 90 companies. (Gulf-Times.com, Reuters)  QFC Authority: Enormous opportunities in Qatar asset management – Qatar Financial Centre (QFC) Authority CEO Shashank Srivastava said with the volume of assets under management (AuM) in the MENA region multiplying over the past few years, the role of asset management in Qatar’s financial market is set to grow solidly. He added that strong currents are running in Qatar in favor of the Asset Management sector as it will harness the sector’s potential to promote overall financial market and economic development. (Peninsula Qatar)  QOIS to announce its 3Q2013 results on October 27 – Qatar Oman Investment Company (QOIS) will disclose its quarterly financial results for the period ending September 30, 2013 on October 27, 2013. (QE)  QIBK to disclose its 3Q2013 financials on October 20 – The Qatar Islamic Bank (QIBK) will disclose its quarterly financial results for the period ending September 30, 2013 on October 20, 2013. (QE)  TI'ME Hotels to develop four-star hotel in Wakra – UAE- based TI'ME Hotels Management will develop a new 114-room four-star hotel named “TI'ME Rako Hotel” in Wakra. This nine- storey hotel is set to open by mid-2015 and will feature a grand lobby, two restaurants including one all-day dining outlet, banquet space, a gym, rooftop swimming pool, and several retail outlets. (AME Info)  Q-Post to start home delivery of mail soon – Q-Post will soon start home delivery of letters and parcels and the General Postal Corporation is working to set up a home delivery system. (Gulf- Times.com)  MOQ names new head of Qatarisation – Maersk Oil Qatar (MOQ) has appointed Sheikh Jassim bin Saud Al-Thani as its new head of Qatarisation. Sheikh Jassim joined MOQ in 2011, and has worked as a senior project manager in information technology, finance and business support. (Gulf-Times.com) Overall Activity Buy %* Sell %* Net (QR) Qatari 60.01% 63.68% (9,453,246.82) Non-Qatari 39.99% 36.33% 9,453,246.82
  • 3. Page 3 of 5 International  ECB ready to use any option to temper market rates – The European Central Bank President Mario Draghi said the ECB is watching moves in market interest rates closely and is ready to use any policy option to temper them if needed. He said the central bank is particularly observing any moves in the market rates, which could threaten economic recovery or push inflation too low. Meanwhile, the ECB left its official Eurozone rates at a record low 0.5%. (Reuters)  Ireland has space to reduce austerity in 2014 – Ireland’s Finance Minister Michael Noonan said Ireland has space to ease up on austerity measures in 2014. The country is due to complete its €85bn international bailout in 2013, becoming the first Eurozone member to do so, but still needs to keep a tight rein on its finances to maintain market confidence. (Reuters)  China’s official services PMI rises to 55.4 in September – According to the latest data released by the National Bureau of Statistics, China's official Purchasing Managers' Index (PMI) for the non-manufacturing sector rose to 55.4 in September from 53.9 in August. The services sector index followed the official manufacturing PMI, which showed China's factory activity edged up slightly in September. However, small firms struggled in the face of overcapacity and weak demand, adding to concerns that the nascent economic recovery may be floundering. (Reuters)  Moody’s lowers Brazil’s outlook to Stable from Positive – Moody’s Investors Service has lowered its outlook on Brazil’s sovereign rating from Positive to Stable, citing deteriorating debt conditions and investment ratios and evidence of meager growth in the economy. Moody’s said even though there are signs that the Brazilian economy may be starting to recover, it is unlikely that it will be strong enough to restore a positive trend in Brazil’s credit metrics. Meanwhile, Moody’s affirmed Brazil’s Baa2 government bond rating. (Bloomberg) Regional  IATA: Mid-east airlines flying high on passenger, capacity growth – According to a report released by the International Air Transport Association (IATA), Middle East carriers have reported the highest growth in passenger traffic and capacity, generating much higher earnings in their international routes in August, than the global average. The carriers’ revenue per kilometer (RPK) grew 15.1% YoY in August as compared to the global average of 7.5%. Capacity expansion in terms of available-seat-per-kilometer, stood at 10.8%, pushing up load factor (PLF) 3.1 percentage points to 82.0%. (Gulf-Times.com)  TASNEE signs SR4bn Islamic finance agreement with banks – National Industrialization Company (TASNEE) has signed a SR4bn Islamic financing agreement with Riyad Bank, Rajhi Bank, Bank Albilad, Emirates NBD, Saudi British Bank, Samba, Saudi Fransi and Saudi Investment Bank. This facility will be used to finance projects, refinance current loans having tenure of eight years with a grace period of one year. (Bloomberg)  Dubai, Abu Dhabi appoints banks to advice on possible DFM-ADX merger – Dubai and Abu Dhabi have appointed banks to advice on the possible merger of Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX). Abu Dhabi has hired JP Morgan Chase and First Gulf Bank, while Dubai has appointed Citigroup to advice on the possible merger. According to sources, both the Emirates governments aim to reach this deal by 2013-end and Nasdaq Dubai is unlikely to be part of this merger. (Reuters)  Dubai plans to spend AED2bn on canal project – Dubai is planning to spend AED2bn on building a canal through its downtown area, part of a series of construction projects being launched as the Emirate recovers from its 2009-2010 debt crisis. The 3 kilometer canal is to extend from a business district to Dubai’s Gulf coast, creating new waterfront land that can be used to build hotels, marinas and other tourist facilities. This project is to be completed by 2017. (Gulf-Times.com)  Senaat, Ducab form JV to build 50,000 tpa aluminum plant – Senaat General Holding Corporation (Senaat) and Dubai Cable Company (Ducab) have established a JV “Ducab Aluminum”, to construct a 50,000 ton per annum (tpa) aluminum rod mill plant in the Khalifa Industrial Zone of Abu Dhabi (KIZAD). This new plant once completed, will manufacture electrical conductive (EC) grade & aluminum alloy rods, wires and bare overhead conductors. The liquid aluminum required in the manufacturing process will be supplied from Emirates Aluminum Company Limited’s (EMAL) smelter in Taweelah, Abu Dhabi. The total cost of the plant is expected to be around AED220mn. Ducab Aluminum aims to capitalize on the growing market demand for aluminum rods and conductors within the MENA region. (AME Info)  First Dubai inks agreement to renew credit limit of KD3.5mn – First Dubai Real Estate Development Company has inked an agreement with a local Islamic bank to renew its credit limit of KD3.5mn. This amount will be used to repay the debts over a period of five years starting from 2013 until 2017. (AME Info)  Nakheel to renovate 300 homes at Jebel Ali Village – Nakheel will renovate nearly 300 homes at Dubai’s Jebel Ali Village under the AED50.5mn restoration scheme. Jebel Ali Village has 290 villas which are available for lease with annual rents starting from AED125,000. As part of the opening offer for villas, Nakheel will offer free rent for two months and discounts on single installments for two to six bedrooms in size. (GulfBase.com)  Mashreqbank, UNB sign AED392mn syndicated facility with Anel and Anel Emirates – Mashreqbank and Union National Bank (UNB) have successfully signed a AED392mn syndicated contracting facility for financing the bonding and working capital requirements for Anel Elektrik Proje Taahhut ve Ticaret, Turkey (Anel) and Anel Emirates General Contracting, UAE (Anel Emirates) to carry out the electrical works being undertaken for the expansion of the Midfield Terminal Complex (MTC) at Abu Dhabi’s International Airport. Mashreqbank has acted as the exclusive coordinator for this facility. (GulfBase.com)  Abu Dhabi’s oil concessions to continue after expiry of its licenses – Abu Dhabi National Oil Company’s (ADNOC) Director General Abdullah Nasser Al Suwaidi said Abu Dhabi’s onshore oil concessions will continue to pump crude at their normal pace even after the expiry of its licenses in January. (Bloomberg)  Moody’s: Kuwait’s economic, fiscal strengths support Aa2 sovereign ratings – Moody’s said Kuwait’s very high level of economic and fiscal strength supports its Aa2 sovereign ratings, with a Stable outlook. Kuwait’s GDP per capita, in purchasing power terms, stood at approximately $40,000 in 2012, a level similar to Germany, while its national income has been boosted by a substantial hydrocarbon endowment, reserves that equal 92 years of current production. Moody’s said Kuwait’s fiscal breakeven oil price is considerably lower than most other oil exporters. It has historically run wide fiscal and overall balance of payments surpluses. This has enabled both public and private sectors to accumulate substantial net foreign assets. (GulfBase.com)
  • 4. Page 4 of 5  Jazeera Airways to begin weekly flights to Al Maktoum International Airport from October 31 – Jazeera Airways will begin two weekly flights to Al Maktoum International Airport at Dubai World Central from October 31, 2013. This airport is scheduled to start passenger operations on October 27. (GulfBase.com)  Oman's Central Bank reduces ceiling on interest rates on new personal loans – Oman's Central Bank has reduced the ceiling on interest rates that commercial banks can charge on new personal loans to 6% from 7% percent in order to ease the financial burden on borrowers in the country. Analysts polled by Reuters in September forecasted Oman's economic growth to ease to 3.9% in 2014 from an estimated 4.5% in 2013. (Reuters)  OCC awards new cement mill contract to F.L.Smidth – Oman Cement Company (OCC) has decided to award a contract to F.L.Smidth Private Ltd. to supply and install a new cement mill having a capacity of 150 metric tons per hour (MTPH). The upgradation of the Kiln-1 project is in progress with Kiln under shutdown to achieve higher level of production and better pollution control. The Kiln is expected to start production in about six months’ time after completion of the necessary upgradation work. (MSM)  Bahrain’s economy fell 0.3% QoQ in 2Q2013 – According to data released by Bahrain’s Central Informatics Organization (CIO), the country’s economy fell 0.3% QoQ in 2Q2013 due to weakness in its financial sector. Its GDP, adjusted for inflation, increased 5.3% YoY in 2Q2013. The country’s financial industry, which accounts for roughly 16% of its GDP, decreased 1% QoQ in 2Q2013. The data showed that the output in the hydrocarbons sector that accounts for a quarter of Bahrain’s economy grew 1.2% QoQ (+18.6% YoY) in 2Q2013. The output from the hospitality sector rose 1.7% QoQ in 2Q2013 from a 0.5% percent rise in 1Q2013. Analysts polled by Reuters in September forecast that Bahrain's GDP growth would accelerate to 4.0% in 2013 from 3.4% in 2012, before slowing again to 3.5% in 2014. (Reuters)  CBB’s monthly issue of T-bills oversubscribed by 218% – The Central Bank of Bahrain’s (CBB) October issue of BHD30mn treasury bills has been oversubscribed by 218%. These bills carry a maturity of 182 days and will mature on April 6, 2014. The weighted average rate of interest is 0.94%, as compared to 0.93% for the previous issue. (AME Info)  Gulf Air increases flights to Pakistan by 30% – Bahrain’s Gulf Air has increased flights to Pakistan by 30% from 14 weekly flights to 21 flights in order to meet the increasing passenger demand. (Bloomberg)
  • 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 (*Markets closed on October 02, 2013) 80.0 90.0 100.0 110.0 120.0 130.0 140.0 150.0 Jan-10 Aug-10 Mar-11 Oct-11 May-12 Dec-12 Jul-13 QE Index S&PPan Arab S&P GCC 0.1% 0.7% (0.1%) 0.5% 0.5% 0.6% 2.7% (0.9%) 0.0% 0.9% 1.8% 2.8% 3.7% SaudiArabia Qatar Kuwait Bahrain Oman AbuDhabi Dubai Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD% Gold/Ounce 1,316.19 2.2 (1.5) (21.4) DJ Industrial 15,133.14 (0.4) (0.8) 15.5 Silver/Ounce 21.73 2.5 (0.3) (28.4) S&P 500 1,693.87 (0.1) 0.1 18.8 Crude Oil (Brent)/Barrel (FM Future) 109.19 1.2 0.5 (1.7) NASDAQ 100 3,815.02 (0.1) 0.9 26.3 Natural Gas (Henry Hub)/MMBtu 3.61 1.3 3.0 5.2 STOXX 600 310.79 (0.7) (0.4) 11.1 North American Spot LPG Propane Price 108.25 0.0 2.1 20.9 DAX 8,629.42 (0.7) (0.4) 13.4 North American Spot LPG Normal Butane Price 142.75 2.0 3.4 (17.5) FTSE 100 6,437.50 (0.3) (1.2) 9.2 Euro 1.36 0.4 0.4 2.9 CAC 40 4,158.16 (0.9) (0.7) 14.2 Yen 97.36 (0.7) (0.9) 12.2 Nikkei 14,170.49 (2.2) (4.0) 36.3 GBP 1.62 0.2 0.5 (0.2) MSCI EM 997.85 0.2 (0.2) (5.4) CHF 1.11 0.3 0.3 1.4 SHANGHAI SE Composite* 2,174.67 0.0 0.7 (4.2) AUD 0.94 (0.1) 0.7 (9.7) HANG SENG 22,984.48 0.5 (1.0) 1.4 USD Index 79.90 (0.3) (0.5) 0.2 BSE SENSEX* 19,517.15 0.0 (1.1) 0.5 RUB 32.21 (0.1) (0.4) 5.5 Bovespa 53,100.18 (0.1) (1.2) (12.9) BRL 0.45 0.7 2.5 (6.8) RTS 1,421.94 (1.1) (0.8) (6.9) 139.4 126.1 114.6