1. QE Intra-Day Movement
Market Indicators
10,540
10,520
10,500
24 Dec 13
%Chg.
386.6
556,654.2
12.2
5,589
39
12:24
374.8
558,708.2
10.6
5,260
39
21:14
3.1
(0.4)
15.4
6.3
0.0
–
Market Indices
10,480
10,460
9:30
25 Dec 13
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 declined 0.3% to close at 10,462.5. Losses were led by the
Transportation and Telecoms indices, declining 1.3% and 0.8% respectively.
Top losers were Qatar Navigation and Aamal Co., falling 1.5% each. Among
the top gainers, Salam International Investment Co. rose 8.3%, while Qatari
Investors Group gained 5.4%.
Close
Total Return
All Share Index
Banks
Industrials
Transportation
Real Estate
Insurance
Telecoms
Consumer
Al Rayan Islamic Index
1D%
WTD%
YTD%
TTM P/E
14,948.58
2,602.27
2,460.78
3,509.24
1,885.11
1,981.10
2,325.95
1,456.54
5,968.82
3,099.95
(0.3)
(0.3)
(0.5)
0.2
(1.3)
(0.7)
(0.5)
(0.8)
0.4
0.1
(0.1)
(0.3)
(1.0)
2.0
(2.9)
(0.8)
(1.5)
(1.0)
(0.5)
1.1
32.1
29.2
26.2
33.6
40.6
22.9
18.5
36.8
27.8
24.6
N/A
13.2
13.2
12.7
12.8
13.6
9.5
19.8
22.6
16.1
GCC Commentary
GCC Top Gainers##
Exchange
Close#
1D%
Vol. ‘000
YTD%
Saudi Arabia: The TASI index fell 0.5% to close at 8,481.6. Losses were led
by the Agriculture & Food Industries and Banking & Financial Services indices,
declining 1.3% each. Savola Group and Al Rajhi Bank fell 2.4% each.
Dana Gas
Abu Dhabi
0.86
14.7
311,791.6
91.1
Qatari Investors Group
Qatar
54.30
5.4
1,104.8
136.1
Dubai: The DFM index gained 0.8% to close at 3,307.1. The Investment &
Financial Services index rose 2.1%, while the Transportation index was up
1.1%. Gulf Navigation gained 9.8%, while Gulf Finance House was up 8.7%.
Abu Dhabi Nat. Hotels
Abu Dhabi
3.20
5.3
1,325.8
80.8
Saudi Ind. Inv. Group
Saudi Arabia
31.20
4.7
1,577.8
37.7
Abu Dhabi: The ADX benchmark index rose 0.6% to close at 4,185.7. The
Energy index gained 10.4%, while the Industrial index was up 2.4%. Abu
Dhabi Ship Building Co. surged 14.8%, while Dana Gas gained 14.7%.
Nat. Bank Of Bahrain
Bahrain
4.7
198.4
40.0
GCC Top Losers
Exchange
1D% Vol. ‘000
YTD%
Kuwait: The KSE index gained 0.1% to close at 7,644.1. The Insurance index
rose 0.8%, while the Oil & Gas index was up 0.6%. Warba Insurance Co.
gained 7.0%, while Al Themar International Holding Co. was up 5.8%.
Kuwait Cement Co.
Kuwait
0.37
(6.4)
103.5
(15.7)
IFA Hotels & Resorts
Kuwait
0.28
(3.5)
176.0
(22.5)
Oman: The MSM index fell 0.2% to close at 6,784.1. Losses were led by the
Banking & Invest. and Industrial indices, declining 0.4% and 0.1% respectively.
Al Batinah Dev. & Inv. fell 3.6%, while Al Madina Inv. Co. was down 2.2%.
Boubyan Bank
Kuwait
0.56
(3.4)
178.6
(8.1)
Comm. Bank of Kuwait
Kuwait
0.70
(2.8)
14.0
(1.4)
Ahli United Bank
Kuwait
0.72
(2.7)
8.8
(3.4)
Bahrain: The BHB index gained 0.8% to close at 1,217.0. The Commercial
Banking index rose 1.3%, while the Investment index was up 0.8%. Gulf
Finance House gained 6.3%, while National Bank of Bahrain was up 4.7%.
Qatar Exchange Top Gainers
Salam International Investment Co.
Qatari Investors Group
Close*
1D%
Vol. ‘000
YTD%
13.40
8.3
2,814.4
5.8
54.30
5.4
1,104.8
136.1
##
0.68
#
Close
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%
Qatar Navigation
84.70
(1.5)
21.7
34.2
Aamal Co.
14.95
(1.5)
111.6
9.8
Qatar Exchange Top Losers
180.00
1.7
144.9
36.0
Qatar Gas Transport Co.
20.60
(1.4)
389.4
35.0
Zad Holding Co.
70.10
1.6
1.0
19.2
Masraf Al Rayan
32.50
(1.1)
2,589.3
31.1
Vodafone Qatar
11.17
0.5
1,839.3
33.8
Ooredoo
136.50
(1.0)
14.7
31.3
Qatar Exchange Top Vol. Trades
Close*
1D%
Vol. ‘000
YTD%
Qatar Exchange Top Val. Trades
YTD%
Salam International Investment Co.
13.40
8.3
2,814.4
5.8
Masraf Al Rayan
32.50
(1.1)
2,589.3
Vodafone Qatar
11.17
0.5
Qatari Investors Group
54.30
5.4
United Development Co.
22.85
(0.8)
Qatar Electricity & Water Co.
Close*
1D%
Val. ‘000
Masraf Al Rayan
32.50
(1.1)
85,003.5
31.1
31.1
Qatari Investors Group
54.30
5.4
60,463.6
136.1
1,839.3
33.8
Salam International Investment
1,104.8
136.1
674.5
28.4
Qatar*
Dubai
Abu Dhabi
Saudi Arabia
Kuwait
Oman
Bahrain
8.3
36,240.8
5.8
1.7
25,912.6
36.0
0.5
20,764.0
33.8
Source: Bloomberg (* in QR)
Source: Bloomberg (* in QR)
Regional Indices
Vodafone Qatar
13.40
180.00
11.17
Qatar Electricity & Water Co.
Close
1D%
WTD%
MTD%
YTD%
10,462.54
3,307.09
4,185.70
8,481.59
7,644.12
6,784.05
1,216.99
(0.3)
0.8
0.6
(0.5)
0.1
(0.2)
0.8
(0.1)
2.0
1.1
(0.3)
0.5
(0.6)
0.9
0.8
12.3
8.7
1.9
(1.8)
0.9
0.7
25.2
103.8
59.1
24.7
28.8
17.8
14.2
Exch. Val. Traded
($ mn)
106.18
442.86
352.25
1,318.27
84.52
9.33
2.65
Exchange Mkt.
Cap. ($ mn)
152,857.2
70,036.3
116,453.4
464,600.0
109,415.4
24,383.5
49,988.8
P/E**
P/B**
13.4
19.5
11.7
17.3
16.5
10.7
8.1
1.8
1.3
1.4
2.2
1.2
1.6
0.9
Dividend
Yield
4.4
2.7
4.3
3.5
3.7
3.8
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)
Page 1 of 5

2. Qatar Market Commentary
 The QE index declined 0.3% to close at 10,462.5. The
Transportation and Telecoms indices led the losses. The index
declined on the back of selling pressure from Qatari
shareholders despite buying support from non-Qatari
shareholders.
 Qatar Navigation and Aamal Co. were the top losers, falling
1.5% each. Among the top gainers, Salam International
Investment Co. rose 8.3%, while Qatari Investors Group gained
5.4%.
Overall Activity
Buy %*
Sell %*
Net (QR)
Qatari
74.44%
80.21%
(22,314,823.20)
Non-Qatari
25.56%
19.79%
22,314,823.20
Source: Qatar Exchange (* as a % of traded value)
 Volume of shares traded on Wednesday rose by 15.4% to
12.2mn from 10.6mn on Tuesday. However, as compared to the
30-day moving average of 13.2mn, volume for the day was 7.0%
lower. Salam International Investment Co. and Masraf Al Rayan
were the most active stocks, contributing 23.0%% and 21.2% to
the total volume respectively.
Earnings
Earnings Releases
Company
Jabal Omar Development
Co. (JODC)
Market
Currency
Saudi Arabia
SR
Revenue
(mn) FY2013
% Change
YoY
Operating Profit
(mn) FY2013
% Change
YoY
Net Profit (mn)
FY2013
% Change
YoY
–
–
-49.3
-17.3%
-32.5
-36.8%
Source: Company data, DFM, ADX, MSM
News
Qatar
 Al-Sada: Oil & Gas industry is foundation and primary pillar
of Qatar’s development – HE the Minister of Energy & Industry
Dr. Mohamed bin Saleh al-Sada said Qatar‟s oil & gas industry
is the foundation and primary pillar of its economic and social
development. He further added that the country‟s manpower and
human resources are day by day, reinforcing their position as
the driving force behind this development. He also stated that
Qatar‟s heightened global reputation has presented a wealth of
opportunities to look beyond the country‟s borders for
relationships and investments that will better not only the energy
industry, but also the country as a whole. (Gulf-Times.com)
 Dubai’s Expo 2020 bid win to aggravate Qatar’s project cost
inflation – Qatar said its project cost inflation, which is likely to
harden due to major infrastructure upgrade, could further
aggravate with Dubai winning the bid to host Expo 2020. Qatar‟s
Ministry of Development Planning & Statistics (MDPS) said in its
report that the substantial demands placed on materials to
support Qatar‟s major infrastructure program are expected to
generate inflation in construction costs that could affect the
overall costs of project delivery. Although these rising
construction and project costs pose some concern, the ministry
said they are quite distinct from consumer price pressures and
inflation. But project cost inflation could also be aggravated as
Dubai ramps up activities to deliver Expo 2020. The report
further added that the 2014-16 period showed peak demand for
primary building materials and it comprised more than half of the
total demand of materials declared for the entire period covered
(2012-22). The report revealed that risks to the outlook include
the possibility of significantly weaker oil prices reflecting
weakening growth in emerging markets, and escalating
domestic project costs that could cut into the fiscal surplus.
While an overall fiscal surplus again seems assured in 2013, it is
poised to narrow in 2014, the report cautioned, estimating fiscal
surplus to be 6.1% of nominal GDP in 2013 and 3.8% in 2014.
(Gulf-Times.com)
next few years, including several specialized hospitals to treat
life-threatening diseases that are relevant to the country. Qatar‟s
Minister of Public Health HE Abdullah bin Khalid Al Qahtani said
the setting up of specialized facilities will be based on a
thorough review of the diseases and health requirements of the
citizens. The Minister added that the health sector will see
completion of several major projects in the next few years – it is
witnessing different phases of construction activities. These
include an additional hospital in Al Khor, a new cancer hospital
and another for dental care, besides the expansion of a Heart
Hospital. The new hospitals at the Hamad Medical City will be
ready for operation by mid-2015, while the construction of three
workers‟ hospitals and 17 new health centers is in progress.
(Peninsula Qatar)
 QEWS unveils near launch of commercial activities of
Nebras Power – Qatar Electricity & Water Company‟s (QEWS)
General Manager Fahad Hamad Al Mohannadi has unveiled the
near launch of commercial activities of Nebras Power Company
with an initial capital of $1bn. Al Mohannadi said Nebras
Power‟s commercial activities will be launched in 1H2014. The
company will immediately look for attractive investment
opportunities regionally and globally. Al Mohannadi further
added that a five-year plan will be developed, which will be
effective from 1Q2014. Meanwhile, QEWS has two investment
streams to invest in the electricity and water sectors, one locally
through QEWS and another internationally through Nebras
Power. (QE)
 Ezdan Holding Group unveils new identity – Ezdan Holding
Group has revealed a new identity for itself and its subsidiaries
as part of a modern strategy to double its investments and
participate in the renaissance of the country. The new identity
bears the same character and colors, but has different designs
for different activities. All Ezdan villages and complexes will
have the same distinct character. (Gulf-Times.com)
 Qatar to expand healthcare facilities in next few years –
Qatar will see a massive expansion of health care facilities in the
Page 2 of 5

3. International
 UK to look at new rules to raise SMEs funding – The UK
government is considering rule changes that would make it
easier for new banks and alternative finance providers to
provide funding to small and medium-sized companies. The
Treasury said proposed regulations would help new entrants to
the funding market check the creditworthiness of smaller
companies. The Treasury added that if the rules are
implemented, banks will be required to share their credit data on
small and medium-sized businesses through credit reference
companies. (Bloomberg)
 BoJ: Japan's CPI to exceed 1% next year – Bank of Japan
Governor Haruhiko Kuroda said Japan's consumer inflation is
likely to exceed 1% in 1H2014 and help heighten inflation
expectations in a country mired in deflation for 15 years. Kuroda
said the BoJ's monetary policy differs from that of other central
banks in that it focuses on changing public expectations (on
prices). Kuroda added that the central bank will resolve to
maintain its ultra-loose monetary policy until 2% inflation is
achieved. (ET)
 Ukraine expects remaining $12bn of Russian bailout in
early 2014 – Ukrainian Prime Minister Mykola Azarov said the
country expects a $15bn bailout package from Russia to be fully
disbursed in early 2014, after Kiev received the first $3bn
tranche. Azarov said the country's economy, which grew 0.2% in
2012, would remain flat this year. (Gulf-Times.com)
Regional
 HSBC: Debut Islamic bonds will drive sukuk sales in 2014 –
According to HSBC Holdings, the debut Islamic bonds from
governments and companies that are seeking to cut financing
costs will drive sukuk sales in 2014. HSBC‟s Global Head of
Sukuk Financing Mohammed Dawood said the growth will be
boosted as borrowers follow governments from Dubai to
Malaysia, which are seeking to promote Shari‟ah-compliant
bonds and become centers for Islamic finance. Based on data
compiled by Bloomberg, Islamic bond sales fell 9.5% YoY in
2013 to $42bn after reaching a record $46.4bn in 2012.
(Bloomberg)
 ADNL’s VP: Emirates, Etihad Airways, QA have no trouble
in signing up for bankrolling of aircraft orders – Abu Dhabi
National Leasing‟s (ADNL) Vice President Jawaid Abdullah said
Dubai-based Emirates Airline, Abu Dhabi‟s Etihad Airways and
Qatar Airways (QA) should have no trouble in signing up for
Middle East-based financial institutions for bankrolling of their
backlog of aircraft orders under leasing and financing schemes
in 2014. This is because the regional financial institutions see
little sovereign risk in these three government-backed airlines.
He also said the role of Middle East-based institutions in aircraft
financing has steadily increased over the last five years when
US-based Boeing Capital Corporation identified the region as an
important growth market for financing. According to Boeing
Corp., the Middle East-based institutions had contributed a few
hundred million dollars to aviation financing five years ago.
Today, these institutions contribute AED14.7-AED18.4bn.
(Bloomberg)
 SWCC: Saudi allocates SR16.6bn for desalination projects –
The Saline Water Conversion Corporation‟s (SWCC) Governor
Abdulrahman Al Ibrahim said Saudi Arabia has allocated
SR16.6bn for desalination projects. This allocated amount will
be use to complete the Ras al Khair power & desalination plant
in Ras al Khair Industrial City. The plant will have the capacity to
process 1mn cubic meters of desalinated water per day.
(Bloomberg)
 IDB's BoED approves $285.4mn financing for new
development projects – The Islamic Development Bank's
(IDB) board of executive directors (BoED) has approved a total
of $285.4mn toward financing of new development projects in
the member countries and Muslim communities in non-member
countries. The BoED has approved to allocate $120mn for the
MA'ADEN Wa'ad Al Shamal Phosphate project in Saudi Arabia
to manufacture high quality chemical fertilizers; $79mn for the
Northern Dakar Sanitation Improvement project in Senegal and
$35mn for the Kabala Water Supply project in Mali for the
development of drinking water networks in the capital city of
Bamako. The BoED has further approved $2mn for Mali to
conduct a feasibility study and prepare a detailed engineering
design for a portion of the Trans-Sahara road that will link Kidal
to the Algerian border. The MoED has also approved $21.3mn
for reconstruction of the Osh-Batken-Isfana Road project in the
Republic of Kyrgyzstan that will link the country to neighboring
states; $17.4mn for supporting the Upgrading Public Health
Laboratories project in Uzbekistan as well as $9mn for
participation in the Integrated Rural Development project of the
Plains of Diagble in Togo. Further, IDB‟s BoED has approved a
sum of $750,000 that will be funneled into four educational
projects in Muslim communities in Bosnia Herzegovina with
$200,000, Guyana ($150,000), Thailand ($200,000) and the US
with $200,000 as special assistance under IDB's Waqf Fund.
Meanwhile, a sum of $400,000 will be provided (under
operations authorized by the IDB‟s President) as technical
assistance grant to Chad, Mali, Mozambique, Niger, Nigeria and
Yemen to help them prepare malaria prevention and control
programs. (Bloomberg)
 MA’ADEN receives financing commitment letters from
banks – The Saudi Arabian Mining Company (MA‟ADEN) has
announced that it has received financing commitment letters
from local, regional and international banks as well as financial
institutions for a loan of up to SR15.75bn to fund the
development and construction of the Waad Al Shamal
Phosphate project. These loan facilities will be for a period of 17
years and will be repaid in half-yearly installments starting from
December 31, 2018. The remaining debt funding will be secured
from the Public Investment Fund (PIF), the Saudi Industrial
Development Fund (SIDF) and export credit agencies.
MA‟AADEN expects to obtain all the commitments by the end of
January 2014. Meanwhile, the partners and the project‟s
financial advisor are expected to sign definitive financing
agreements in 2Q2014. (Tadawul)
 NCB unveils second phase of Wages Protection System –
The National Commercial Bank (NCB) has launched the second
phase of the Wages Protection System (WPS), which is
intended to monitor payments and allowances given to
employees in the private sector. The second phase, which came
into effect in early December, covers enterprises with over 2,000
employees. The bank has obtained an official certificate from the
Ministry of Labor to prove that the NCB wages file format is
corresponding to the technical specifications of the WPS file
format. (GulfBase.com)
 RSH finalizes development of paint products for Premier
Paint – The Red Sea Housing Services Company (RSH) has
finalized the development of a full range of architectural and light
industrial range of paint products in the paint factory for the
Premier Paint Company. The company commenced its
commercial production on December 12, 2013. The financial
impact of this work is expected in 4Q2013. (Tadawul)
 Prince Saud bin Naif opens 2 electricity projects in
Alquraya – The Governor of Eastern Province Prince Saud bin
Naif has opened two electricity projects in Alquraya. These
Page 3 of 5

4. projects include the expansion of a power plant as well as an
independent
production
project
(IPP)
in
Alquraya.
(GulfBase.com)
 Dubai’s proposed IEDC expected to advance seven-pillar
strategy – Dubai‟s proposed Islamic Economy Development
Center (IEDC) is expected to advance the Emirate‟s sevenpillared strategy to establish itself the capital of the Islamic
economy within three years. The UAE„s Vice President & Prime
Minister Sheikh Mohammed bin Rashid Al Maktoum had issued
a law to establish the Dubai Islamic Economy Development
Center. According to a recent study conducted by Thomson
Reuters, the market holds a potential value of $6.7tn, which is
bigger than all but two of the world‟s national economies - US
and China. The report puts the value of Islamic financial assets
at $1.35tn, which is expected to grow 15-20% per year in the
core markets. Meanwhile, the report has also valued the
potential universe of Islamic banking assets in the core markets
under optimal conditions at $4.1tn. (GulfBase.com)
 ECTC reorganizes shareholding in EITC – The Emirates
Communications & Technologies Ltd. (ECTC) has reorganized
its shareholding in Emirates Integrated Telecommunications
Company (EITC) through a series of wholly-owned subsidiary
companies. Each of these companies remain 100% owned and
controlled by ECTC and none of them owned any shares in
EITC prior to these transfers. (DFM)
 DIB’s BoD approves to increase foreign ownership limit
from 15% to 25% – Dubai Islamic Bank‟s (DIB) board of
directors has approved to increase the foreign ownership limit
(FOL) from 15% to 25%, subject to necessary regulatory
approvals. This decision was taken in the light of huge demand
witnessed from foreign institutional investors. (DFM)
 Abu Dhabi International Airport reports 9.8% YoY rise in
passenger traffic in November – The Abu Dhabi International
Airport (ADIA) reported a 9.8% YoY increase in passenger traffic
in November 2013. Over 1.33mn passengers have travelled
through ADIA in November 2013. Aircraft landings and take-offs
rose 10.7% YoY to 11, 856 in November, while cargo traffic
increased 33.3% YoY to 66,516 tons. In November, ADIA‟s top
five destinations were India, Germany, UK, Thailand and
Pakistan. Meanwhile, overall 15mn passengers have arrived,
departed or transited through ADIA during the JanuaryNovember period of 2013, indicating an increase of 12.2% YoY.
(Bloomberg)
 Morocco-based Jorf Lasfar Energy begins trading on CSE –
Morocco-based Jorf Lasfar Energy Company (JLEC) – a whollyowned subsidiary of Abu Dhabi National Energy Company
(TAQA) - has begun trading on the Casablanca Stock Exchange
(CSE). JLEC has issued a total of 2.23mn new shares offered at
a price of 447.5 Moroccan Dirham with a nominal value of 100
Moroccan Dirham. These shares represent 9.47% of the
company. (ADX)
 Licensed financial institutions required to publicly disclose
risk profile in Bahrain – All licensed financial institutions in
Bahrain will be required to publicly disclose their risk profile, risk
management, capital adequacy, capital instruments and
remuneration practices under the new rules issued by the
Central Bank of Bahrain (CBB). The CBB has granted a
transition/grace period for licensed financial institutions to
implement these new remuneration rules, which will become
effective from July 1, 2014. According to law firm Charles
Russell, the CBB is now seeking to incorporate the Basel
Committee's Pillar 3 measures relating to the composition of
capital and remuneration into its regulatory framework through
the introduction of the new remuneration rules. (GulfBase.com)
Page 4 of 5

5. Rebased Performance
Daily Index Performance
160.0
150.0
140.0
130.0
120.0
110.0
100.0
90.0
80.0
1.2%
150.3
134.1
0.8%
0.8%
0.8%
0.6%
0.4%
0.1%
122.0
0.0%
S&P Pan Arab
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
Dubai
Oman
Source: Bloomberg
Close ($)
1D%
WTD%
YTD%
Global Indices Performance
Close
1D%
WTD%
YTD%
1,204.24
0.0
0.1
(28.1)
DJ Industrial*
16,357.55
0.0
0.8
24.8
19.51
0.5
0.4
(35.7)
S&P 500*
1,833.32
0.0
0.8
28.5
111.90
0.0
0.1
0.7
NASDAQ 100*
4,155.42
0.0
1.2
37.6
4.46
0.0
2.5
30.2
STOXX 600*
324.21
0.0
1.0
15.9
126.50
0.0
1.0
40.6
DAX*
9,488.82
0.0
0.9
24.6
137.50
0.0
0.8
(22.1)
FTSE 100*
6,694.17
0.0
1.3
13.5
1.37
0.0
0.1
3.7
104.38
0.1
0.3
20.3
GBP
1.64
(0.1)
0.1
0.6
MSCI EM
CHF
1.12
0.0
0.1
2.2
SHANGHAI SE Composite
AUD
0.89
0.1
0.0
(14.1)
USD Index
80.56
0.0
(0.0)
RUB
32.68
0.2
(0.9)
BRL*
0.42
0.0
0.9
(13.0)
Yen
Bahrain
Jul-13
Abu Dhabi
QE Index
May-12 Dec-12
(0.2%)
(0.3%)
Kuwait
Oct-11
Saudi Arabia
(0.8%)
Jan-10 Aug-10 Mar-11
(0.5%)
Qatar
(0.4%)
CAC 40*
Nikkei
4,218.41
0.0
0.6
15.9
16,009.99
0.8
0.9
54.0
994.87
(0.0)
0.7
(5.7)
2,106.35
0.6
1.0
(7.2)
HANG SENG*
23,179.55
0.0
1.6
2.3
1.0
BSE SENSEX*
21,032.71
0.0
(0.2)
8.3
7.1
Bovespa*
51,356.10
0.0
0.3
(15.7)
1,447.50
(0.4)
1.2
(5.2)
Source: Bloomberg (*Market closed on December 25, 2013)
RTS
Source: Bloomberg (*Market closed on December 25, 2013)
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
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