1. QE Intra-Day Movement
Market Indicators
11,500
11,450
11,400
751.5
598,850.4
17.7
7,473
38
19:18
Market Indices
11,350
11,300
9:30
12 Feb 14
Value Traded (QR mn)
Exch. Market Cap. (QR mn)
Volume (mn)
Number of Transactions
Companies Traded
Market Breadth
10:00
10:30
11:00
11:30
12:00
12:30
13:00
Qatar Commentary
The QE index rose 0.8% to close at 11,453.0. Gains were led by the Consumer
Goods & Services and Transportation indices, gaining 4.6% and 2.6%
respectively. Top gainers were Qatar Fuel Co. and Qatar Gas Transport Co.,
rising 6.8% and 4.0% respectively. Among the top losers, Qatari Investors
Group fell 5.2%, while Qatar Industrial Manufacturing Co. declined 5.1%.
10 Feb 14
774.8
594,336.9
19.7
7,378
41
23:17
%Chg.
(3.0)
0.8
(10.1)
1.3
(7.3)
–
Close
Total Return
All Share Index
Banks
Industrials
Transportation
Real Estate
Insurance
Telecoms
Consumer
Al Rayan Islamic Index
1D%
WTD%
YTD%
TTM P/E
16,452.72
2,846.40
2,792.24
3,689.81
2,014.32
2,000.23
2,728.57
1,560.05
6,486.16
3,274.30
0.8
1.0
1.5
(0.1)
2.6
(0.0)
0.4
(1.3)
4.6
0.1
2.3
2.5
3.9
0.4
3.8
0.3
1.4
(0.6)
5.9
1.6
10.9
10.0
14.3
5.4
8.4
2.4
16.8
7.3
9.0
7.8
N/A
13.7
14.3
13.6
13.6
13.7
6.3
21.0
25.0
16.8
GCC Commentary
GCC Top Gainers##
Exchange
Close#
1D%
Saudi Arabia: The TASI index rose 0.6% to close at 8,912.6. Gains were led
by the Telecom. & Info. Technology and Hotel & Tourism indices, rising 1.7%
and 1.4% respectively. Al Alamiya rose 3.8%, while AlHokair was up 3.1%.
NBQ
Abu Dhabi
3.60
14.3
40.0
9.1
Qatar Fuel Co.
Qatar
313.00
6.8
218.9
10.2
Dubai: The DFM index declined 0.4% to close at 4,047.4. The Services index
fell 2.1%, while the Real Estate & Construction index was down 1.3%. Gulf
General Invest. Co. declined 5.3%, while Gulf Navigation was down 3.4%.
Emirates NBD
Dubai
7.80
6.0
2,856.4
22.8
Gulf Pharma. Industry
Abu Dhabi
3.28
4.8
137.7
0.3
Abu Dhabi: The ADX benchmark index fell 0.1% to close at 4,868.4. The Real
Estate index declined 4.1%, while the Services index was down 1.7%. National
Corp. for T. & H. fell 9.9%, while Abu Dhabi Ship Build. was down 8.4%.
Qatar Gas Transport
Qatar
21.83
4.0
1,579.2
7.8
GCC Top Losers
Exchange
Kuwait: The KSE index gained 0.1% to close at 7,861.0. The Technology
index rose 1.4%, while the Telecommunication index was up 0.6%. Al Salam
Group Holding Co. gained 9.4%, while Future Commu. Co. was up 7.0%.
Qatari Investors Group
Oman: The MSM index rose 0.2% to close at 7,159.7. The Services Index
gained 0.4%, while all other sub indices ended in red. Sohar Power rose 9.4%,
while United Power was up 5.9%.
Bahrain: The BHB index gained 0.2% to close at 1,314.9. The Investment
index rose 0.5%, while the Commercial Banks index was up 0.3%. Khaleeji
Commercial Bank gained 6.8%, while Al Salam Bank was up 2.5%.
Qatar Exchange Top Gainers
Close*
1D%
Vol. ‘000
YTD%
Qatar Fuel Co.
313.00
6.8
218.9
10.2
Qatar Gas Transport Co.
21.83
4.0
1,579.2
7.8
Masraf Al Rayan
39.95
2.7
1,858.8
27.6
Commercial Bank of Qatar
71.60
2.3
1,191.4
1.1
Qatar Islamic Insurance
64.90
2.2
126.3
12.1
##
Vol. ‘000
YTD%
#
1D%
Qatar
41.90
(5.2)
376.9
(4.1)
Qatar Ind. Manu.
Qatar
50.60
(5.1)
340.4
0.0
Kuwait Int. Bank
Kuwait
0.30
(4.8)
3,281.5
0.0
Aldar Properties
Abu Dhabi
3.40
(4.2)
166,541.6
23.2
Mabanee Co.
Kuwait
1.16
(3.3)
506.8
3.6
Close
Vol. ‘000
YTD%
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)
Close*
1D%
Vol. ‘000
YTD%
Qatari Investors Group
41.90
(5.2)
376.9
(4.1)
Qatar Industrial Manufacturing Co.
50.60
(5.1)
340.4
0.0
Medicare Group
56.00
(2.3)
649.7
6.7
Gulf International Services
83.80
(2.2)
84.0
37.4
Al Ahli Bank
63.50
(1.7)
6.5
15.5
Close*
1D%
Val. ‘000
YTD%
71.60
2.3
83,913.2
1.1
Qatar Exchange Top Losers
Close*
1D%
Vol. ‘000
YTD%
Vodafone Qatar
12.01
(0.7)
4,248.3
12.1
Barwa Real Estate Co.
30.70
0.2
2,377.7
3.0
Industries Qatar
177.00
1.0
78,471.9
4.8
Masraf Al Rayan
39.95
2.7
1,858.8
27.6
Masraf Al Rayan
39.95
2.7
73,659.4
27.6
Qatar Gas Transport Co.
21.83
4.0
1,579.2
7.8
Barwa Real Estate Co.
30.70
0.2
73,502.0
3.0
Commercial Bank of Qatar
71.60
2.3
1,191.4
1.1
Qatar Fuel Co.
313.00
6.8
68,647.3
10.2
Qatar Exchange Top Vol. Trades
Qatar*
Dubai
Abu Dhabi
Saudi Arabia
Kuwait
Oman
Bahrain
Commercial Bank of Qatar
Source: Bloomberg (* in QR)
Source: Bloomberg (* in QR)
Regional Indices
Qatar Exchange Top Val. Trades
Close
1D%
WTD%
MTD%
YTD%
11,452.97
4,047.35
4,868.42
8,912.58
7,861.02
7,159.68
1,314.94
0.8
(0.4)
(0.1)
0.6
0.1
0.2
0.2
2.3
2.9
3.1
1.1
0.4
0.7
0.8
2.7
7.3
4.2
1.7
1.4
1.0
1.6
10.3
20.1
13.5
4.4
4.1
4.8
5.3
Exch. Val. Traded
($ mn)
217.58
878.60
254.61
1,670.37
127.82
23.47
6.17
Exchange Mkt.
Cap. ($ mn)
164,444.3
80,623.3
134,229.5
486,974.5
112,577.3
25,556.3
50,822.1
P/E**
P/B**
14.5
17.3
13.2
17.9
16.8
11.1
9.1
1.9
1.5
1.7
2.2
1.2
1.6
0.9
Dividend
Yield
4.1
2.0
3.7
3.3
3.6
3.6
3.7
Source: Bloomberg, Qatar Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
Page 1 of 5

2. Qatar Market Commentary
 The QE index rose 0.8% to close at 11,453.0. The Consumer
Goods & Services and Transportation indices led the gains. The
index rose on the back of buying support from Qatari
shareholders despite selling pressure from non-Qatari
shareholders.
Overall Activity
Buy %*
Sell %*
Net (QR)
Qatari
64.90%
62.78%
15,929,939.91
Non-Qatari
35.09%
37.22%
(15,929,939.91)
Source: Qatar Exchange (* as a % of traded value)
 Qatar Fuel Co. and Qatar Gas Transport Co. were the top
gainers, rising 6.8% and 4.0% respectively. Among the top
losers, Qatari Investors Group fell 5.2%, while Qatar Industrial
Manufacturing Co. declined 5.1%.
 Volume of shares traded on Wednesday fell by 10.1% to 17.7mn
from 19.7mn on Monday. However, as compared to the 30-day
moving average of 11.0mn, volume for the day was 61.7%
higher. Vodafone Qatar and Barwa Real Estate Co. were the
most active stocks, contributing 24.0% and 13.4% to the total
volume respectively.
Earnings and Global Economic Data
Earnings Releases
Revenue
(mn) 4Q2013
% Change
YoY
Operating Profit
(mn) 4Q2013
% Change
YoY
Net Profit (mn)
4Q2013
% Change
YoY
AED
290.5
10.9%
38.4
5.9%
125.1
169.6%
Dubai
AED
48.1
20.5%
17.1
11.0%
50.8
56.3%
Dubai
AED
4.6
23.2%
–
–
0.9
70.2%
Dubai
AED
61.2
39.4%
–
–
30.2
3.8%
Abu Dhabi
AED
–
–
–
–
427.0
78.7%
Oman
OMR
–
–
–
–
119.3
2.7%
Oman
OMR
8.7
20.9%
–
–
3.4
46.2%
Oman
OMR
413.7
21.9%
–
–
7.5
-18.6%
Oman
OMR
93.3
0.5%
30.6
7.3%
27.6
12.6%
Oman
OMR
7.3
5.7%
–
–
2.3
11.2%
Oman
OMR
8.4
18.8%
3.9
29.2%
2.5
24.6%
Company
Market
National General Insurance
Company (NGI) *
Arabian Scandinavian
Insurance Company
(ASCANA) *
Al Firdous Holdings
Dubai National Insurance &
Reinsurance (DNIR) *
Aldar Properties
Oman Telecommunications
(Omantel) *
Oman & Emirates
Investment Holding
Company (OEIHC) *
Galfar Engineering &
Contracting *
Raysut Cement Company
(RCC)*
Oman Hotels & Tourism
Company (OHTC) *
National Hotels Company
(NHC) *
Currency
Dubai
Source: Company data, DFM, ADX, MSM (*Results for the year ended December 31, 2013)
Global Economic Data
Date
Market
Source
Indicator
Period
02/12
US
MBA
MBA Mortgage Applications
7-February
02/12
US
US Treasury
Monthly Budget Statement
January
02/12
EU
Eurostat
Industrial Production SA MoM
December
02/12
EU
Eurostat
Industrial Production WDA YoY
02/12
Spain
INE
House transactions YoY
02/12
China
NBS
Trade Balance
02/12
China
NBS
Exports YoY
02/12
China
NBS
02/12
Japan
02/12
Actual
Consensus
Previous
0.40%
-2.00%
–
-$10.4B
-$10.0B
$2.9B
-0.70%
-0.30%
1.60%
December
0.50%
1.80%
2.80%
December
-3.60%
–
-15.90%
January
$31.86B
$23.45B
$25.64B
January
10.60%
0.10%
4.30%
Imports YoY
January
10.00%
4.00%
8.30%
Ministry of Eco. Trade
Tertiary Industry Index MoM
December
-0.40%
-0.30%
0.80%
Japan
Bank of Japan
Money Stock M2 YoY
January
4.40%
4.20%
4.30%
02/12
Japan
Bank of Japan
Money Stock M3 YoY
January
3.50%
3.40%
3.40%
02/12
Japan
ESRI
Machine Orders MoM
December
-15.70%
-4.00%
9.30%
02/12
Japan
ESRI
Machine Orders YoY
December
6.70%
17.40%
16.60%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
Page 2 of 5

3. News
Qatar
 QIA ready to boost its UK investments – Qatar Investment
Authority (QIA) – the country’s sovereign wealth fund that
controls assets worth $100bn – stated that it is interested in
boosting its investments in the UK after acquiring stakes in
British companies such as Barclays and J Sainsbury. QIA’s
CEO Ahmad al-Sayed said that Qatar is now focusing on real
estate, commodities and infrastructure investments. QIA has
diversified from energy production with assets including the
Harrods department store in London and stakes in banks such
as Barclays and Credit Suisse Group. The sovereign wealth
fund also played a pivotal role in Glencore International’s $29bn
takeover of Xstrata in 2012 after demanding the Swiss
commodities trader to boost its offer. (Gulf-Time.com)
 Qatar's Lusail City to be fully ready end-2014 – Qatar's new
city of Lusail has started receiving its first residents following the
completion of the bulk of its infrastructure and the town will be
fully ready at the end of 2014. Qatari Diar Real Estate
Company’s Chief Executive Officer Khalil Al Sayyed said that
many housing units in the sprawling city, nearly 15 kilometers
north of the Qatari capital Doha, have already been delivered to
owners after the supply of all essential services including water,
electricity and roads. (Zawya)
 QA seeks to keep its average fleet age low – Qatar Airways’
(QA) CEO Akbar al-Baker said that the airline’s strategy is to
keep its average fleet age very low by placing large aircraft
orders to replace the current fleet. A QA factsheet shows that it
has placed around 280 aircraft on order books worth $50bn.
Currently, the airline has a fleet strength of 129 that includes
both passenger and cargo aircraft from Airbus and Boeing.
Between March and July 2014, the airline will fly to eight new
destinations, which are: Sharjah, Dubai World Central, Larnaca,
Cyprus, Sabiha Gokcen Airport, Istanbul, Edinburgh, Scotland,
Philadelphia, Miami and Dallas/Fort Worth, US. (Gulf-Time.com)
 SIIS’ AGM to be held on February 24 – Salam International
Company (SIIS) announced that its AGM will be held on
February 24, 2014 at the Gate Mall in Doha. In case of lack of
quorum, another meeting will be held on March 2, 2014. The
AGM’s agenda includes the recommendation of profit
distribution for the year ended on December 31, 2013, among
others. (QE)
International
 US Senate Banking panel postpones Fed Chair hearing;
Obama nominates new Treasury undersecretary – The US
Senate Banking Committee said that it has deferred Thursday's
hearing with the Federal Reserve Chair, Janet Yellen. This
postponement is due to a severe snowstorm expected in the
Washington D.C. area. The committee said the hearing, in which
Yellen is due to deliver the semi-annual monetary policy report
to Congress, would be rescheduled for a later date. Meanwhile,
the US President Barack Obama has named economist Nathan
Sheets as the US Treasury Department's top international
official. Sheets – who has worked at Citigroup and the Federal
Reserve – would play a key role in US financial diplomacy and
help shape international discussions if his nomination is
confirmed by the Senate. Meanwhile, Obama has also named
Mark Sobel as US Executive Director at the International
Monetary Fund. (Reuters)
 US January budget deficit smaller than expected – The
United States posted a smaller budget deficit than expected in
January 2014, a sign that a stronger economy is helping the
government coffers through a rise in tax receipts. The US
Treasury Department said the federal government had a budget
deficit of $10.4bn last month, while analysts polled by Reuters
expected a deficit of $27.5bn. (Reuters)
 BoE points to 2015 rate rise, blurs guidance – The Bank of
England (BoE) said interest rates in Britain could increase from
their record lows in little more than a year as the country’s
economy witnesses a rapid recovery. The BoE Governor Mark
Carney – who was forced to ditch a previous version of rates
guidance after it was overtaken by a sharp fall in unemployment
– also announced the central bank would now follow a much
broader range of measures of slack in the economy in making
interest rate decisions. The BoE slashed interest rates to 0.5%
at the height of the financial crisis in 2009. The British economy
bounced back strongly last year, but remains weaker than
before the crisis, so Carney stressed any increase in rates
would be gradual. (Reuters)
 China trust assets surge to $1.8tn amid default concern –
China’s trust assets surged 46% in 2013 to a record 10.9tn
Yuan ($1.8 tn), underscoring investor interest in products that
pay more than bank deposits even as default risks mount. The
China Trustee Association said around 20bn Yuan of trust
products had repayment difficulties in 2012, accounting for
0.27% of the industry’s assets at that time. The association
reassured that the asset quality is quite sound and systemic
risks is impossible with 9.06bn Yuan of reserves set aside.
(Bloomberg)
 SocGen chief sees EU move to ban prop trades foundering
– The head of France's Societe Generale said European
Commission moves to ban top EU banks from market bets with
their own money will run out of momentum once this year's
health check on the sector shows it is in sound shape. Such an
outcome would be a victory for the French view that European
banks have drawn lessons from the financial crisis and should
now be given more regulatory room to compete with their foreign
rivals, notably from the US. (Reuters)
Regional
 OPEC raises forecast for 2014 global oil demand – The
crude oil production of the Organization of Petroleum Exporting
Countries (OPEC) has increased for the second month in
January, resulting in the group boosting its forecast for global oil
demand growth this year. The supply from the OPEC’s 12
members has increased by 28,000 bpd to 29.71mn bpd in
January 2014 as compared to 29.68mn bpd in December 2013.
The group raised its estimate for the growth in global demand
amid an improving outlook for the world economy. The OPEC
said global demand will rise by 1.09mn bpd this year, up about
40,000 bpd from its previous forecast. The group, which
supplies a third of the world’s oil, also sees potential for further
increases. (Bloomberg, Gulf Times)
 GCC to activate water grid plan – A meeting of the GCC
region water and electricity ministers agreed to activate the
proposed GCC water grid project. The decision follows
establishment of an electricity grid among the member
countries. Qatar’s Minister of Energy & Industry, HE Dr
Mohamed bin Saleh Al Sada, led the Qatari delegation to the
meeting, which was held at the General Secretariat of GCC in
Riyadh. Decisions of this meeting will be referred to the
forthcoming GCC foreign ministers’ summit to be held in March
2014. (Peninsula Qatar)
 GPCA: GCC petrochemicals set for export surge – The Gulf
Petrochemicals & Chemicals Association (GPCA) has predicted
that the petrochemical industry in the GCC region is set to
Page 3 of 5

4. increase its exports in 2014 due to the World Trade
Organization's (WTO) Bali Package. The Trade Facilitation
Agreement, adopted in Bali at the end of 2013, creates binding
commitments among member countries to increase their
customs efficiency and revenue collection by reducing
bureaucratic procedures. The WTO expects this agreement to
benefit the world economy to the tune of $400bn and $1tn, since
costs of trade are set to decrease by 10-15%. According to
GPCA, WTO’s Bali Package reducing export barriers against the
Gulf petrochemical industry will benefit this export-oriented
sector by 2H2014. (GulfBase.com)
 Zamil Steel completes first EPC turnkey project for GCCIA –
Zamil Steel Construction Company has completed the
engineering, procurement & construction services work (EPC)
for several customized pre-engineered steel buildings of the Gulf
Cooperation Council Interconnection Authority (GCCIA) in
Jubail, Saudi Arabia. The GCCIA contract’s scope covered the
design, fabrication, supply and erection of around 230MT of preengineered steel buildings, including two warehouses and an
office storage building located in the eastern region of Saudi
Arabia. This project marks the first EPC turnkey venture for
Zamil Steel. (GulfBase.com)
 Saudi CMA approves SFG’s capital increase – The Saudi
CMA’s board has approved Samba Financial Group’s (SFG)
request for capital increase from SR9,000mn to SR12,000mn
with an increase by 33.33%. The total number of issued shares
will be increased from 900mn to 1,200mn, by offering one bonus
share for every three shares owned. This increase will be paid
by transferring SR3,000mn from the retained earnings account
to the group’s capital. The bonus shares will be allotted to
registered shareholders at the close of trading on the
extraordinary general assembly day (to be announced later).
(Tadawul)
 Aldar to refinance AED7.9bn debt – Aldar Properties’ Chief
Financial Officer, Greg Fewer said the company is planning to
refinance its debt worth AED7.9bn in 2014. The company is
open to normal refinancing through banks, bonds or debt with
government receivables, existing cash and liquidity. Aldar has
existing cash holdings of AED8.3bn. (Reuters)
 Airberlin expands codeshare deal with Etihad – Etihad
Airways and Airberlin are expanding their codeshare agreement
this month to include six Indian destinations served by Etihad.
After the deal is finalized in mid-February, passengers travelling
from Germany to Abu Dhabi on Airberlin’s services will be able
to connect with Etihad to New Delhi, Mumbai, Kochi, Chennai,
Hyderabad and Bengaluru. Further, travelers from India will be
able to connect to Airberlin’s European destinations as well.
Later this year, Airberlin will double its flights between Berlin and
Abu Dhabi with a second daily service starting on October 26.
(GulfBase.com)
 GIG’s BoD recommends 30% cash dividend – The Gulf
Insurance Group’s (GIG) board has recommended the
distribution of 30% cash dividend, i.e. 30 fils per share for the
financial year ended December 31, 2013. (GulfBase.com)
 NHOTEL’s BoD recommends 15% dividend – The National
Hotels Company’s (NHOTEL) board of directors has
recommended a 15% dividend for 2013. The dividend consists
of a 10% cash dividend and a 5% stock dividend, which is one
bonus share for every 20 existing shares.
 Saudi imports down 6.5% YoY, non-oil exports up 9.2% –
The data from the Central Department of Statistics & Information
indicated that imports of Saudi Arabia fell 6.5% in December
2013 from a year earlier, while non-oil exports rose 9.2%.
(Reuters)
 Flynas adds 3 flights from Madinah to Khartoum – Saudibased low cost airline Flynas has added a third destination
between Saudi Arabia and Sudan with the launch of three
weekly flights from Madinah to Khartoum. Beginning from April
2, 2014, the route is being promoted with special low fares of
SR399 for and SR424 from Khartoum to Madinah.
(GulfBase.com)
 DAE orders $988mn turboprops – Leading the aircraft leasing
company, Dubai Aerospace Enterprise (DAE) has ordered 20
turboprop commercial aircraft worth $988mn along with
additional options from French-Italian manufacturer, ATR. DAE’s
order for ATR 72-600s and options for 20 additional aircraft is
expected to be delivered between 2015 and 2018. DAE’s
Managing Director Khalifa Al Daboos said that the company has
lined up customers for the first 20 aircraft and will decide on
more options this year. (GulfBase.com)
 Emirates' Dnata acquires Thomas Cook units for $74mn –
Dnata – the Emirates Group's aviation ground services firm –
has purchased a portion of British travel company Thomas Cook
in a deal worth $74mn. The acquisition includes Thomas Cook's
online travel agent netflights.com, Gold Medal Travel Group,
and high-end travel brand, Pure Luxury. Meanwhile, Thomas
Cook has sold its luxury tour provider Elegant Resorts to Al
Tayyer, a Saudi travel group, for $23.5mn. (Bloomberg)
Page 4 of 5

5. Rebased Performance
Daily Index Performance
170.0
160.0
150.0
140.0
130.0
120.0
110.0
100.0
90.0
80.0
1.2%
0.8%
0.8%
142.6
0.6%
0.4%
0.1%
129.6
0.2%
0.2%
0.0%
(0.1%)
(0.4%)
S&P Pan Arab
Dec-13
S&P GCC
Source: Bloomberg
Asset/Currency Performance
Gold/Ounce
Silver/Ounce
Crude Oil (Brent)/Barrel (FM
Future)
Natural Gas (Henry
Hub)/MMBtu
North American Spot LPG
Propane Price
North American Spot LPG
Normal Butane Price
Euro
Yen
Dubai
May-13
Oman
Oct-12
Abu Dhabi
QE Index
Mar-12
Bahrain
Aug-11
Kuwait
Jan-11
(0.4%)
Qatar
(0.8%)
Saudi Arabia
Jun-10
164.6
Source: Bloomberg
Close ($)
1D%
WTD%
YTD%
Close
1D%
WTD%
YTD%
1,291.18
(0.0)
1.9
7.1
DJ Industrial
15,963.94
(0.2)
1.1
(3.7)
20.24
0.0
1.1
4.0
S&P 500
1,819.26
(0.0)
1.2
(1.6)
108.79
0.1
(0.7)
(1.8)
NASDAQ 100
4,201.29
0.2
1.8
0.6
6.17
(20.2)
5.0
42.1
STOXX 600
332.00
0.8
2.1
1.1
147.00
(4.5)
(11.6)
16.2
DAX
9,540.00
0.6
2.6
(0.1)
132.00
(9.1)
(7.7)
(2.8)
FTSE 100
6,675.03
0.0
1.6
(1.1)
1.36
(0.3)
(0.3)
(1.1)
CAC 40
102.53
(0.1)
0.2
(2.6)
Nikkei
GBP
1.66
0.9
1.1
0.2
CHF
1.11
(0.3)
(0.3)
(0.9)
AUD
0.90
(0.1)
0.8
1.2
USD Index
80.68
0.1
(0.0)
RUB
34.83
0.3
0.2
BRL
0.41
(0.9)
(1.7)
(2.4)
Global Indices Performance
0.5
1.8
0.2
0.6
2.3
(9.2)
953.30
0.9
1.7
(4.9)
2,109.96
0.3
3.2
(0.3)
HANG SENG
22,285.79
1.5
3.0
(4.4)
0.8
BSE SENSEX
20,448.49
0.4
0.4
(3.4)
6.0
Bovespa
48,216.89
(0.5)
0.3
(6.4)
1,353.17
0.8
0.9
(6.2)
Source: Bloomberg
MSCI EM
4,305.50
14,800.06
SHANGHAI SE Composite
RTS
Source: 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
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