1. Page 1 of 5
QE Intra-Day Movement
Qatar Commentary
The QE index declined 0.2% to close at 11,340.1. Losses were led by the
Insurance and Real Estate indices, declining 1.3% and 0.9% respectively. Top
losers were Mesaieed Petrochemical Holding Co. and Qatar General Ins. &
Reins. Co., falling 9.0% and 2.5% respectively. Among the top gainers, Zad
Holding and Islamic Holding Group rose 10.0% and 2.4% respectively.
GCC Commentary
Saudi Arabia: The TASI index rose 1.3% to close at 9,425.2. Gains were led
by the Hotel & Tourism and Transport indices, rising 2.7% and 1.9%
respectively. Thim’ar rose 9.9%, while Saudi Paper Manu. Co. was up 8.9%.
Dubai: The DFM index gained 1.0% to close at 4,346.9. The Real Estate &
Construction index rose 1.9%, while Transportation index was up 1.4%. Dubai
National Ins. & Reins. Co. gained 11.3%, while Deyaar Dev. Co. was up 6.5%.
Abu Dhabi: The ADX benchmark index rose 0.2% to close at 4,795.4. The
Real Estate index gained 2.4%, while the Insurance index was up 1.6%.
National Takaful Co. rose 8.0%, while Abu Dhabi Nat. Ins. Co. was up 5.5%.
Kuwait: The KSE index fell 0.2% to close at 7,542.5. The Industrial index
declined 0.9%, while the Oil & Gas index was down 0.7%. Nat. Consumer
Holding Co. fell 26.0%, while Gulf Franchising Holding Co. was down 5.8%.
Oman: The MSM index declined 0.2% to close at 6,916.2. Losses were led by
the Financial and Services indices, declining 0.3% & 0.1% respectively. United
Power fell 6.8%, while Construction Materials Ind. was down 4.8%.
Bahrain: The BHB index gained 0.7 to close at 1,396.6. The Investment index
rose 2.5%, while Commercial Banking index was up 0.3%. Inovest gained
8.6%, while Arab Banking Corporation was up 7.1%.
Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD%
Zad Holding Co. 83.60 10.0 76.6 20.3
Islamic Holding Group 63.40 2.4 295.4 37.8
Doha Insurance Co. 22.99 1.7 17.7 (8.0)
Qatari Investors Group 56.20 1.1 354.7 28.6
Qatar Navigation 94.00 1.1 70.5 13.3
Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD%
Mesaieed Petrochemical Holding 31.85 (9.0) 3,919.0 219.0
United Development Co. 21.82 (0.1) 1,096.8 (3.5)
Barwa Real Estate Co. 34.85 (1.3) 1,064.0 16.9
Mazaya Qatar Real Estate Dev. 12.55 (0.6) 902.4 12.3
Vodafone Qatar 12.08 (1.0) 685.8 12.8
Source: Bloomberg (* in QR)
Market Indicators 23 Mar 14 20 Mar 14 %Chg.
Value Traded (QR mn) 440.3 462.5 (4.8)
Exch. Market Cap. (QR mn) 629,839.3 634,540.0 (0.7)
Volume (mn) 11.7 10.3 14.2
Number of Transactions 8,430 6,649 26.8
Companies Traded 39 43 (9.3)
Market Breadth 16:21 15:21 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 16,767.36 (0.2) (0.2) 13.1 N/A
All Share Index 2,901.38 (0.2) (0.2) 12.1 14.9
Banks 2,741.12 0.3 0.3 12.2 14.4
Industrials 4,005.17 (0.5) (0.5) 14.4 15.6
Transportation 1,968.90 (0.8) (0.8) 5.9 13.7
Real Estate 2,129.47 (0.9) (0.9) 9.0 19.2
Insurance 2,789.75 (1.3) (1.3) 19.4 7.7
Telecoms 1,507.10 0.0 0.0 3.7 20.8
Consumer 6,930.72 0.2 0.2 16.5 30.2
Al Rayan Islamic Index 3,477.60 (0.2) (0.2) 14.5 18.7
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
Arab Banking Corp. Bahrain 0.60 7.1 632.8 60.0
United Electronics Co. Saudi Arabia 116.50 6.9 323.9 18.0
Deyaar Development Dubai 1.31 6.5 80,275.3 29.7
Abu Dhabi Nat. Ins. Co Abu Dhabi 6.75 5.5 0.9 14.4
Arriyadh Development Saudi Arabia 35.70 5.0 2,342.8 26.6
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
United Arab Bank Abu Dhabi 8.00 (5.8) 0.6 42.6
Agility Pub. Ware. Co. Kuwait 0.68 (4.2) 1,204.9 (1.4)
Tihama Saudi Arabia 176.00 (3.3) 481.0 60.4
Ithmaar Bank Bahrain 0.18 (2.8) 720.6 (23.9)
Abu Dhabi Nat. Hotels Abu Dhabi 3.70 (2.6) 8.9 19.4
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%
Mesaieed Petrochemical Holding 31.85 (9.0) 3,919.0 219.0
Qatar General Ins. & Reins. Co. 39.00 (2.5) 6.3 (2.3)
Qatar Gas Transport Co. 19.30 (2.3) 487.3 (4.7)
Widam Food Co. 44.55 (2.1) 278.2 (13.8)
Qatar German Co for Med. Dev. 13.34 (1.9) 7.7 (3.7)
Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD%
Mesaieed Petrochemical Holding 31.85 (9.0) 128,064.4 219.0
Barwa Real Estate Co. 34.85 (1.3) 37,138.3 16.9
Gulf International Services 77.50 (1.9) 26,067.9 58.8
United Development Co. 21.82 (0.1) 23,890.8 (3.5)
Industries Qatar 178.00 (0.5) 20,119.8 5.4
Source: Bloomberg (* in QR)
Regional Indices Close 1D% WTD% MTD% YTD%
Exch. Val. Traded
($ mn)
Exchange Mkt.
Cap. ($ mn)
P/E** P/B**
Dividend
Yield
Qatar* 11,340.12 (0.2) (0.2) (3.7) 9.3 120.92 172,953.9 15.2 1.9 4.3
Dubai 4,346.93 1.0 1.0 3.0 29.0 391.66 87,606.9 18.4 1.6 2.2
Abu Dhabi 4,795.37 0.2 0.2 (3.3) 11.8 157.74 127,590.2 13.7 1.7 3.8
Saudi Arabia 9,425.21 1.3 1.3 3.5 10.4 2,317.87 512,579.3 19.0 2.3 3.2
Kuwait 7,542.49 (0.2) (0.2) (2.0) (0.1) 71.32 113,295.9 16.5 1.2 3.7
Oman 6,916.15 (0.2) (0.2) (2.8) 1.2 13.80 24,849.7 11.0 1.6 3.8
Bahrain 1,396.63 0.7 0.7 1.7 11.8 3.80 52,109.9 9.7 0.9 3.9
Source: Bloomberg, Qatar Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
11,320
11,340
11,360
11,380
11,400
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00

2. Page 2 of 5
Qatar Market Commentary
 The QE index declined 0.2% to close at 11,340.1. The Insurance
and Real Estate indices led the losses. The index fell on the back
of selling pressure from Qatari shareholders despite buying
support from non-Qatari shareholders.
 Mesaieed Petrochemical Holding Co. and Qatar General Ins. &
Reins. Co. were the top losers, falling 9.0% and 2.5%
respectively. Among the top gainers, Zad Holding and Islamic
Holding Group rose 10.0% and 2.4 respectively.
 Volume of shares traded on Sunday rose by 14.2% to 11.7mn
from 10.3mn on Thursday. However, as compared to the 30-day
moving average of 14.2mn, volume for the day was 17.3% lower.
Mesaieed Petrochemical Holding Co. and United Development
Co. were the most active stocks, contributing 33.5% and 9.4% 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
RAK White Cement* Abu Dhabi AED 425.3 0.5% 34.0 -4.5% 50.9 34.5%
Source: Company data, DFM, ADX, MSM (* FY2013 results)
News
Qatar
 QGMD posts QR2.9mn net loss in 4Q2013 – Qatar German
Company for Medical Devices (QGMD) reported a net loss of
QR2.9mn for 4Q2013 compared to a net loss of QR2.8mn in
3Q2013 on a QoQ basis. However, the company’s 4Q2013
revenue increased to QR5.1mn from QR1.3mn in 3Q2013. For
FY2013, QGMD’s reported a higher net loss of QR7.9mn as
compared to a net loss of QR4.6mn in FY2012 primarily driven
by lower revenues, increased G&A expenses and higher
financial costs which was partially offset by increased gains on
fair value of investment properties. The company’s FY2013
revenue fell 17% on a YoY basis to QR11.4mn on account of
lower sale of syringes. For FY2013, QGMD’s Loss per Share
(LPS) amounted to QR0.68 versus LPS of QR0.40 in FY2012.
(QE)
 MCCS open to acquiring profitable foreign ventures –
Mannai Corporation's (MCCS) Group CEO and Director Alekh
Grewal said MCCS is open for any overseas acquisitions as
long as it brings good return on investments. Grewal said the
company's strategy has been global diversification (51% of
revenue from international operations) which has enabled the
corporation to deliver another year of record profits. He said the
board's medium-term strategy is to maintain a strong capital
base for growth, expansion of the company's overseas earnings
and the continued development of its core business in Qatar.
(Qatar Tribune)
 Ashghal awards QR12bn contracts to boost road network –
The Public Works Authority (Ashghal) awarded expressway
contracts to the tune of QR12.6bn. Under the latest contracts
awarded, works in Phase 2 and Phase 3 of the 145-kilometer
New Orbital Highway and Truck Road between Mesaieed and
Ras Laffan will be completed by the second quarter of 2017.
The other major work awarded was an 11-kilometer bypass on
the western side of Wakrah to connect Doha and Mesaieed.
Another massive project of the Orbital Highway stretch between
Salwa Road and North Relief road, covering nearly 41
kilometers of a dual carriageway, was awarded for QR4.25bn,
while the Phase 3 covering 57 kilometers between Salwa Road
and Mesaieed, has been awarded for QR6.16bn. The Orbital
Highway stretch featuring eight interchanges has been awarded
to a JV of QDVC and Bin Omran Trading & Contracting. The
other phase between Salwa Road and Mesaieed will be
undertaken by a JV of Leighton Contracting Qatar and Al Jaber
Engineering. (Gulf-Times.com)
 Woqod announces QR65mn bitumen storage in Mesaieed –
Woqod announced an investment plan worth QR65mn to
upgrade its bitumen storage, manufacturing and distribution
facility in Mesaieed Industrial City. Woqod also signed a MoU
with Ashghal to form a framework for the regular supply of
bitumen for all projects under the authority’s mandate over the
next five years. By signing the MoU, Ashghal is aiming to
increase the bitumen quantity imported into Qatar, thereby
reducing potential shortage risks. The authority will also
continue its efforts to ensure sufficient supply of bitumen for its
projects not only through Woqod, but also through other
suppliers. (Gulf-Times.com)
 Honeywell to supply integrated system for QAFAC –
Honeywell will supply a new integrated control & safety system
for Qatar Fuel Additives Company (QAFAC). The overhaul will
help QAFAC’s plant in Mesaieed Industrial City to reduce
operating costs and improve efficiencies for the production of
Methanol and MTBE. Honeywell’s integrated control & safety
solution, including a new fire & gas system, will improve
automation at the plant, increase cyber security and enhance
operator effectiveness. QAFAC will also benefit from the long-
term services provided through Honeywell’s lifecycle support.
(QE)
 QE suspends trading in QCFS, QOIS shares on March 24 –
The Qatar Exchange (QE) has announced a suspension in the
trading of shares of Qatar Cinema & Film Distribution Company
(QCFS) and Qatar Oman Investment Company (QOIS) on
March 24, 2014 due to the companies’ AGM being held on that
day. (QE)
 QNB Group to disclose 1Q2014 results on April 9 – Qatar
National Bank (QNBK) has announced its intent to disclose its
1Q2014 financial statements on April 9, 2014. (QE)
 TFI appoints acting CEO – The First Investor (TFI), Barwa
Bank Group’s 100% owned investment banking subsidiary, has
Overall Activity Buy %* Sell %* Net (QR)
Qatari 67.42% 72.36% (21,781,299.03)
Non-Qatari 32.58% 27.64% 21,781,299.03

3. Page 3 of 5
appointed Yousef Ali Al Obaidan as the acting Chief Executive
Officer. (GulfBase.com)
 Qatar moving more to cheque payments – Qatar’s economy
is rapidly moving toward cashless transactions as more
payments are being done through cheques. According to the
Qatar Central Bank data, the daily average value of cheques
cleared by banks jumped by 39% over the last five years to
QR1.2bn in 2013 from QR868m in 2009. (Peninsula Qatar)
International
 IMF: Cannot do much about reform without US support –
The International Monetary Fund’s (IMF) Chief Christine
Lagarde said that there was not much she could to push reforms
at her organization and give emerging economies a bigger say
without the support from the US. In January, China had called
on IMF member nations to stick to a commitment to give
emerging markets more power at the global lender after US
lawmakers set back historic reforms that would give developing
countries a greater say. The remarks by China's foreign ministry
were an indirect criticism of the US, where lawmakers failed to
agree on funding measures needed for the reforms to move
forward. The US Congress must sign off on the IMF’s funding to
complete reforms that would make China the IMF's third-largest
member and revamp the organization’s board to reduce the
dominance of Western Europe. (Reuters)
 Central banker says defaults may be good for China
markets – According to Deputy Central Bank Governor Pan
Gongsheng, some debt defaults could be positive for market
discipline in China and help the wealth management market to
develop in a more healthy way. Gongsheng said naturally
occurring defaults may be conducive to strengthening market
discipline constraints, correcting the behavior of product issuers
and investors, and also conducive to the healthy development of
the wealth management market. Recently, Chinese Premier Li
Keqiang signaled that the government would not ride to the
rescue of every troubled investment by saying some loan
defaults are unavoidable in a challenging economic
environment. Growth in Chinese corporate debt has been
unprecedented. A Thomson Reuters analysis of 945 listed non-
financial firms showed total debt soared by around 260% to
4.74tn Yuan ($777.3bn) between December 2008 and
September 2013. (Reuters)
 China’s HSBC flash PMI falls for fifth month in row – A
preliminary private survey has showed activity in China's
factories slowed for a fifth straight month in March, raising
market expectations of government stimulus to arrest a loss of
momentum in China’s economy this year. The flash
Markit/HSBC Purchasing Managers' Index (PMI) fell to an eight-
month low of 48.1 in March 2014 from February's reading of
48.5. The index has been below the 50 level since January,
indicating a contraction in the sector this year. Output and new
orders both weakened, but new export orders grew for the first
time in four months, suggesting the slowdown has been driven
primarily by weak domestic demand. (Reuters)
Regional
 Sadara petchem plant to be operational in 2016 – Sadara
Petrochemical Complex – a joint venture project between Saudi
Aramco and US-based Dow Chemical – is set to complete its
construction works in mid-2015 and be ready for operations in
2016. The Jubail-based project is said to represent the largest
foreign direct investment in the Saudi petrochemical industry
with estimated construction costs of SR72bn. The project will
have 26 production units that produce over 3mn tons of
chemical and plastics products, including amines, glycol ethers,
polyether polyols, polyethylene and propylene glycol. Saudi
Aramco will market these products in the Middle East region,
whereas Dow Chemical will market 80% of the products in the
global market. (GulfBase.com)
 Tadawul deposits Al Tayyar’s bonus shares – The Saudi
Stock Exchange (Tadawul) announced the addition of Al-Tayyar
Travel Group Holding’s (Al Tayyar) bonus shares into its
investors’ portfolios. Earlier, Al Tayyar’s EGM approved an
increase in the company’s capital via bonus shares. The
fluctuation limits for Al Tayyar’s shares on March 23, 2014 will
be based on a stock price of SR112. (Tadawul)
 Tadawul deposits SFG’s bonus shares – The Saudi Stock
Exchange (Tadawul) announced the addition of Samba
Financial Group’s (SFG) bonus shares into its investors’
portfolios. Earlier, SFG’s EGM had approved increasing the
company’s capital via bonus shares. The fluctuation limits for
SFG’s shares on March 23, 2014 will be based on a stock price
of SR43.1. (Tadawul)
 SAAC declares SR115.5mn dividend – Saudi Arabian Amiantit
Company’s (SAAC) AGM has approved the distribution of 10%
dividend (SR1 per share), amounting to SR115.5mn for 2013.
(Tadawul)
 JLL wins Sharjah mall deal – Jones Lang LaSalle MENA (JLL)
has signed a deal for managing a new shopping mall in Sharjah.
The company will assist the re-positioning, renewal, leasing and
on-going management of the Al Arab Mall, a community mall in
Sharjah. (GulfBase.com)
 Samena Capital eyes stake in RAK Ceramics – According to
sources, Samena Capital is in talks to buy as much as 50% of
Ras Al Khaimah Ceramics Company (RAK Ceramics). Samena
is in discussions with the ruling family of Ras Al Khaimah to buy
a stake of around 25-50%. (GulfBase.com)
 Emirates Reit sets IPO price range at $1.36-1.56 – Dubai-
based real estate investment trust, Emirates Reit has set the
price range for its IPO of shares at $1.36 to $1.56 per share,
and expects the listing on Nasdaq Dubai to occur around the
middle of April 2014. The company, valued at between
$356.2mn and $408.6mn, will issue around 110.3mn new
shares with an over-allotment option of 16.5mn additional
shares. An investor roadshow for the IPO, which is expected to
be Dubai's first since the financial crisis in 2009, will run from
March 23 to April 2. Trading of Emirates Reit’s shares on the
Nasdaq Dubai bourse is expected to start sometime in the
following week. (Reuters)
 Emirates ends flights to Clark, Philippines – Emirates
Airlines announced that it will stop flying to Clark International
Airport (CIA) in the Philippines from May 1, 2014. However,
Emirates will continue its three daily, non-stop flights between
Manila and Dubai. Many passengers who are set to fly from
Clark in May 2014 have expressed disappointment over the
cancellation of these daily flights. In October 2013, Emirates and
Qatar Airways had launched daily flights to CIA in Pampanga
province, which is about 80 kilometers north of Manila. More
than 600,000 overseas Filipino workers stay in the UAE and
many take the Dubai-Manila daily flights. (Gulf-Times.com)
 DFM enrolls 4 brokerage firms to Margin Trading – The
Dubai Financial Market (DFM) announced that Al Jazeera
Financial Services, Awraq Islamic for Shares & Bonds, Al Dar
Shares & Bonds and Daman Securities have been accredited to
provide Margin Trading. This lifts the total number of DFM
brokerage firms providing this service to 16 companies. (DFM)

4. Page 4 of 5
 UFC’s BoD proposes 10% cash dividend – The United Foods
Company’s (UFC) board of directors has proposed 10% cash
dividend for the year ended December 31, 2013. (DFM)
 DI to lift foreign equity to 35% – Dubai Investments (DI) is
planning to increase the limit on foreign ownership of its shares
to 35% of its total capital. Foreign investors now hold 13.7% of
DI's shares out of the total 20% allowed. The firm's
shareholders, including the Investment Corp of Dubai, which has
an 11.5% stake, will vote on the proposal at a meeting on April
15, 2014. (GulfBase.com)
 Indigo Properties to launch AED1.5bn villa development –
Indigo Properties is planning to launch a residential villa
development worth AED1.5bn in Dubai during 2H2014. The
price for these villas, which will have a novel concept of tropical
landscaping, will range between AED4mn to AED8mn.
(GulfBase.com)
 RAK White Cement’s BoD recommends 5% cash dividend,
5% bonus shares – Ras Al Khaimah Company for White
Cement & Construction Materials’ (RAK White Cement) board of
directors has recommended 5% cash dividend and 5% bonus
shares for the year ended December 31, 2013. (ADX)
 Waha declares 10% cash dividend, 2.5% bonus shares –
Waha Capital’s AGM has approved the distribution of 10% cash
dividend (AED0.1 per share) and 2.5% bonus shares to its
shareholders for 2013. (GulfBase.com)
 KFH declares 13% cash dividend, 13% bonus shares –
Kuwait Finance House’s (KFH) AGM has approved its board’s
recommendation to distribute 13% cash dividend (13 fils per
share) and 13% bonus shares to the shareholders for the year
ended December 31, 2013. (Bloomberg)
 Oman to invest $1.6bn to double fishery sector’s GDP share
– The Under-Secretary of the Ministry of Agriculture & Fisheries
Wealth, Dr Hamed al Aufi, said that the Omani government is
planning to invest around $1.6bn for the development of fishery-
related infrastructure over the next seven years. The pledged
amount is in addition to the $259mn budgeted toward fisheries
development in the current Eighth Five-Year Plan (2011-2015).
The strategy aims to double the sector’s contribution to the
country’s GDP and boost fisheries production from the present
200,000 tons per year to around 480,000 tons by 2020, as well
as to generate 20,000 additional jobs. (GulfBase.com)
 NGC declares 20% cash dividend – The National Gas
Company’s (NGC) AGM has approved its board’s proposal for
the distribution of 20% cash dividend (20 baizas per share) for
the year ended December 31, 2013. (MSM)
 Omran awards contract for Al Baleed restaurant – Oman
Tourism Development Company (Omran) has awarded the
contract for the construction of Al Baleed Seafood Restaurant to
a local contractor, Khotoot Al-Reef Transport Services &
Contracting Company. The project is set on 13,000 square
meters on the coast, facing a white sandy beach adjacent to the
Al-Baleed archaeological park and close to Salalah’s famed
Frankincense Museum. The restaurant’s development is
expected to break ground in April 2014 with its opening
scheduled for 2H2015. (GulfBase.com)
 ABC declares 5% cash dividend – The Arab Banking
Corporation’s (ABC) AGM approved the distribution of 5% cash
dividend to its shareholders. (Bahrain Bourse)
 BASREC declares 40% cash dividend – Bahrain Ship
Repairing & Engineering Company’s (BASREC) AGM has
approved the distribution of 40% cash dividend (40 fils per
share) to the shareholders. (Bahrain Bourse)
 GPIC declares $186mn dividends – Gulf Petrochemical
Industries Company’s (GPIC) has approved the distribution of its
net profits amounting to $186mn as dividend to the shareholders
for 2013. (GulfBase.com)

5. Contacts
Saugata Sarkar Keith Whitney Sahbi Kasraoui
Head of Research Head of Sales Manager - HNWI
Tel: (+974) 4476 6534 Tel: (+974) 4476 6533 Tel: (+974) 4476 6544
saugata.sarkar@qnbfs.com.qa keith.whitney@qnbfs.com.qa sahbi.alkasraoui@qnbfs.com.qa
QNB Financial Services SPC
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
DISCLAIMER: This publication has been prepared by QNB Financial Services SPC (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (“QNB”). QNBFS is regulated by the Qatar
Financial Markets Authority and the Qatar Exchange; QNB is regulated by the Qatar Central Bank. This publication expresses the views and opinions of QNBFS at a given time only. It is not an
offer, promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or financial advice. We therefore strongly advise potential
investors to seek independent professional advice before making any investment decision. Although the information in this report has been obtained from sources that QNBFS believes to be
reliable, we have not independently verified such information and it may not be accurate or complete. While this publication has been prepared with the utmost degree of care by our analysts,
QNBFS does not make any representations or warranties as to the accuracy and completeness of the information it may contain, and declines any liability in that respect. QNBFS reserves the
right to amend the views and opinions expressed in this publication at any time. It may also express viewpoints or make investment decisions that differ significantly from, or even contradict, the
views and opinions included in this report.
COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS.
Page 5 of 5
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg
80.0
90.0
100.0
110.0
120.0
130.0
140.0
150.0
160.0
170.0
180.0
Jun-10 Jan-11 Aug-11 Mar-12 Oct-12 May-13 Dec-13
QE Index S&P Pan Arab S&P GCC
1.3%
(0.2%) (0.2%)
0.7%
(0.2%)
0.2%
1.0%
(0.5%)
0.0%
0.5%
1.0%
1.5%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD%
Gold/Ounce 1,334.70 0.0 0.0 10.7 DJ Industrial 16,302.77 0.0 0.0 (1.7)
Silver/Ounce 20.32 0.0 0.0 4.4 S&P 500 1,866.52 0.0 0.0 1.0
Crude Oil (Brent)/Barrel (FM
Future)
106.92 0.0 0.0 (3.5) NASDAQ 100 4,276.79 0.0 0.0 2.4
Natural Gas (Henry
Hub)/MMBtu
4.32 0.0 0.0 (0.7) STOXX 600 327.91 0.0 0.0 (0.1)
North American Spot LPG
Propane Price
103.25 0.0 0.0 (18.2) DAX 9,342.94 0.0 0.0 (2.2)
North American Spot LPG
Normal Butane Price
125.88 0.0 0.0 (7.8) FTSE 100 6,557.17 0.0 0.0 (2.8)
Euro 1.38 0.0 0.0 0.4 CAC 40 4,335.28 0.0 0.0 0.9
Yen 102.25 0.0 0.0 (2.9) Nikkei 14,224.23 0.0 0.0 (12.7)
GBP 1.65 0.0 0.0 (0.4) MSCI EM 944.96 0.0 0.0 (5.8)
CHF 1.13 0.0 0.0 1.2 SHANGHAI SE Composite 2,047.62 0.0 0.0 (3.2)
AUD 0.91 0.0 0.0 1.8 HANG SENG 21,436.70 0.0 0.0 (8.0)
USD Index 80.11 0.0 0.0 0.1 BSE SENSEX 21,755.32 0.0 0.0 2.8
RUB 36.24 0.0 0.0 10.3 Bovespa 47,380.94 0.0 0.0 (8.0)
BRL 0.43 0.0 0.0 1.7 RTS 1,136.21 0.0 0.0 (21.2)
163.0
147.5
134.6