1. QE Intra-Day Movement
Market Indicators
11,740
11,720
11,700
11,680
18 Feb 14
17 Feb 14
%Chg.
Value Traded (QR mn)
Exch. Market Cap. (QR mn)
Volume (mn)
Number of Transactions
Companies Traded
Market Breadth
611.4
613,260.4
14.0
5,513
38
19:18
1,030.8
614,276.8
16.0
7,486
38
20:14
(40.7)
(0.2)
(12.4)
(26.4)
0.0
–
11,660
Market Indices
11,640
9:30
Total Return
All Share Index
Banks
Industrials
Transportation
Real Estate
Insurance
Telecoms
Consumer
Al Rayan Islamic Index
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 11,690.5. Losses were led by the
Telecoms and Banking & Financial Services indices, declining 1.0% and 0.4%
respectively. Top losers were Doha Insurance Co. and Al Meera Consumer
Goods Co., falling 10.0% and 1.9% respectively. Among the top gainers, Widam
Food Co. rose 5.4%, while Mannai Corporation gained 5.2%.
Close
1D%
WTD%
YTD%
TTM P/E
16,798.44
2,907.25
2,792.58
3,909.06
2,041.08
2,035.78
2,763.89
1,608.30
6,603.32
3,357.49
(0.3)
(0.2)
(0.4)
(0.1)
0.3
0.4
0.9
(1.0)
0.2
(0.1)
1.5
1.5
(0.8)
5.1
2.3
2.5
1.1
1.2
1.6
2.0
13.3
12.4
14.3
11.7
9.8
4.2
18.3
10.6
11.0
10.6
N/A
14.0
14.3
14.5
13.8
13.9
6.4
21.6
25.2
17.3
GCC Commentary
GCC Top Gainers##
Exchange
Saudi Arabia: The TASI index rose 0.2% to close at 8,956.9. Gains were led
by the Real Estate Dev. and Insurance indices, rising 1.4% and 1.2%
respectively. Saudi Marketing gained 9.9%, while Saudi Enaya was up 9.8%.
Saudi Enaya Coop. Ins.
Saudi Arabia
Arab Banking Corp.
Dubai: The DFM index declined 1.1% to close at 4,176.6. The Consumer
Staples index fell 9.9%, while the Telecommunication index was down 5.6%.
Emirates Refreshments Co. declined 9.9%, while ASCANA was down 8.7%.
Abu Dhabi: The ADX benchmark index fell 0.2% to close at 4,870.4. The Inv.
& Fin. Services index declined 3.4%, while the Energy index was down 1.7%.
National Takaful Co. fell 5.8%, while Waha Capital was down 3.4%.
Mannai Corp.
GCC Top Losers
Exchange
Kuwait: The KSE index gained 0.2% to close at 7,808.4. The Technology
index rose 2.8%, while the Telecommunication index was up 1.3%. Al Safat
Tec Holding Co. gained 7.9%, while Gulf Cement Co. was up 7.6%.
Emirates Int. Telecom.
Dubai
6.20
(5.6)
10,688.9
(6.9)
Air Arabia
Dubai
1.59
(4.8)
88,394.3
2.6
Oman: The MSM index rose 0.1% to close at 7,159.8. The Services Index
gained 0.2%, while the Financial index was up 0.1%. Al Batinah Dev. Inv.
Holding rose 8.7%, while Oman United Insurance was up 3.4%.
Dubai Financial Market
Dubai
3.25
(3.0)
38,241.9
31.6
Dubai Investments
Dubai
3.54
(2.7)
31,241.3
42.2
Astra Industrial Group
Saudi Arabia
60.00
(2.4)
176.6
13.2
Bahrain: The BHB index gained 1.1% to close at 1,347.3. The Industrial index
rose 2.4%, while the Investment index was up 1.6%. Khaleeji Commercial
Bank gained 10.0%, while Al Salam Bank was up 9.5%.
Close#
1D%
40.40
9.8
3,058.4
0.2
Bahrain
0.40
6.7
310.0
6.7
Nat. Marine Dredging
Abu Dhabi
9.30
6.3
11.2
8.1
Ajman Bank
Dubai
3.25
6.2
15,415.0
31.0
Qatar
103.10
5.2
3.7
14.7
##
Widam Food Co.
Mannai Corp.
1D% Vol. ‘000
YTD%
1D%
Vol. ‘000
YTD%
5.4
595.0
(3.3)
Doha Insurance Co.
14.7
Al Meera Consumer Goods Co.
Qatar Exchange Top Losers
Close*
1D%
Vol. ‘000
YTD%
27.55
Close*
3.7
Close
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)
50.00
Qatar Exchange Top Gainers
#
Vol. ‘000
(10.0)
138.7
10.2
155.00
(1.9)
391.5
16.3
103.10
5.2
Qatar General Ins. & Rein. Co.
48.00
1.1
2.4
0.2
Al Ahli Bank
64.00
(1.8)
9.8
16.4
Medicare Group
62.70
1.0
624.8
19.4
Qatar Islamic Bank
80.90
(1.6)
184.4
17.2
Qatar Navigation
96.00
0.9
327.1
15.7
Masraf Al Rayan
38.45
(1.4)
855.6
22.8
Close*
1D%
Val. ‘000
YTD%
31.60
0.3
81,075.0
6.0
Industries Qatar
193.00
(0.1)
68,171.7
14.3
Al Meera Consumer Goods Co.
16.3
Close*
1D%
Vol. ‘000
YTD%
Barwa Real Estate Co.
31.60
0.3
2,571.7
6.0
Vodafone Qatar
12.39
(1.1)
2,560.0
15.7
United Development Co.
22.71
0.5
2,423.0
0.4
155.00
(1.9)
60,585.2
Masraf Al Rayan
38.45
(1.4)
855.6
22.8
United Development Co.
22.71
0.5
54,659.9
0.4
Medicare Group
62.70
1.0
624.8
19.4
Medicare Group
62.70
1.0
38,722.4
19.4
Qatar Exchange Top Vol. Trades
Qatar*
Dubai
Abu Dhabi
Saudi Arabia
Kuwait
Oman
Bahrain
Barwa Real Estate Co.
Source: Bloomberg (* in QR)
Source: Bloomberg (* in QR)
Regional Indices
Qatar Exchange Top Val. Trades
Close
1D%
WTD%
MTD%
YTD%
11,690.49
4,176.64
4,870.36
8,956.86
7,808.38
7,159.78
1,347.28
(0.3)
(1.1)
(0.2)
0.2
0.2
0.1
1.1
1.5
1.9
(0.5)
0.3
(0.4)
(0.2)
2.2
4.8
10.8
4.2
2.2
0.7
1.0
4.1
12.6
23.9
13.5
4.9
3.4
4.8
7.9
Exch. Val. Traded
($ mn)
167.91
807.19
244.69
1,688.31
135.24
24.03
6.94
Exchange Mkt.
Cap. ($ mn)
168,340.0
83,403.2
135,259.7
490,425.6
112,654.9
25,609.4
51,324.2
P/E**
P/B**
14.8
17.9
13.2
18.0
15.9
11.1
9.5
2.0
1.6
1.7
2.2
1.2
1.6
0.9
Dividend
Yield
4.0
2.0
3.7
3.3
3.7
3.6
3.6
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 11,690.5. The Telecoms
and Banking & Financial Services indices led the losses. The
index fell on the back of selling pressure from Qatari
shareholders despite buying support from non-Qatari
shareholders.
Overall Activity
Buy %*
Sell %*
Net (QR)
Qatari
71.54%
75.83%
(26,158,034.84)
Non-Qatari
28.45%
24.17%
26,158,034.84
Source: Qatar Exchange (* as a % of traded value)
 Doha Insurance Co. and Al Meera Consumer Goods Co. were
the top losers, falling 10.0% and 1.9% respectively. Among the
top gainers, Widam Food Co. rose 5.4%, while Mannai
Corporation gained 5.2%.
 Volume of shares traded on Tuesday fell by 12.4% to 14.0mn
from 16.0mn on Monday. However, as compared to the 30-day
moving average of 12.2mn, volume for the day was 14.9%
higher. Barwa Real Estate Co. and Vodafone Qatar were the
most active stocks, contributing 18.3% each to the total volume.
Earnings and Global Economic Data
Earnings Releases
Company
Revenue
(mn) 4Q2013
% Change
YoY
Operating Profit
(mn) 4Q2013
% Change
YoY
Net Profit (mn)
4Q2013
% Change
YoY
SR
–
–
63.3
-28.7%
-30.2
NA
Saudi
SR
660.3
42.2%
–
–
-29.8
NA
Dubai
AED
10,799.3
9.7%
–
–
1,986.4
0.3%
Bahrain
BHD
–
–
0.1
NA
1.2
190.4%
Kuwait
KD
–
–
–
–
14.0
75.0%
Market
Saudi Research And
Marketing Group *
Malath Cooperative
Insurance And Reinsurance
Company *
Emirates Integrated
Telecommunications
Company (DU)*
Bahrain Family Leisure Co.
(FAMILY) *
Kuwait Projects Co
Currency
Saudi
Source: Company data, DFM, ADX, MSM (*FY2013 results)
Global Economic Data
Date
Market
Source
Indicator
Period
Actual
Consensus
Previous
02/18
US
US Treasury
Net Long-term TIC Flows
02/18
US
US Treasury
Total Net TIC Flows
December
-$45.9B
$22.5B
-$28.0B
December
-$119.6B
–
02/18
US
NAHB
NAHB Housing Market Index
-$13.0B
February
46.00
56.00
02/18
EU
European Central Bank
56.00
ECB Current Account SA
December
21.3B
–
23.3B
02/18
EU
02/18
EU
European Central Bank
Current Account NSA
December
33.2B
–
27.2B
ZEW
ZEW Survey Expectations
February
68.50
–
02/18
73.30
UK
ONS
CPI MoM
January
-0.60%
-0.50%
0.40%
02/18
UK
ONS
CPI YoY
January
1.90%
2.00%
2.00%
02/18
UK
ONS
RPI MoM
January
-0.30%
-0.40%
0.50%
02/18
UK
ONS
RPI YoY
January
2.80%
2.70%
2.70%
02/18
UK
ONS
PPI Input NSA MoM
January
-0.90%
-0.40%
0.20%
02/18
UK
ONS
PPI Input NSA YoY
January
-3.10%
-2.90%
-1.00%
02/18
UK
ONS
PPI Output NSA MoM
January
0.30%
–
–
02/18
UK
ONS
PPI Output NSA YoY
January
0.90%
0.70%
1.00%
02/18
UK
ONS
PPI Output Core NSA MoM
January
0.50%
0.10%
0.10%
02/18
UK
ONS
PPI Output Core NSA YoY
January
1.20%
0.70%
1.00%
02/18
UK
ONS
ONS House Price YoY
December
5.50%
6.00%
5.40%
02/18
China
National Bureau of Stat.
Foreign Direct Investment YoY
January
16.10%
2.50%
3.30%
02/18
Japan
JMTBA
Machine Tool Orders YoY
January
40.30%
–
28.10%
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
 QE to list MPHC on February 26 – The Qatar Exchange (QE)
is scheduled to list the shares of Mesaieed Petrochemical
Holding Company (MPHC) on February 26, 2014. The decision
to list MPHC on QE resulted after the company obtained
approval from the Qatar Financial Markets Authority and fulfilled
all the necessary listing requirements. With the listing of MPHC,
the number of listed companies on QE will increase to 43. QE
stated that the company’s shares will be listed in the industrial
sector with a ticker symbol, MPHC. (Peninsula Qatar)
 MERS reports QR90.4mn net profit for 4Q2013 – Al Meera
Consumer Goods Company (MERS) reported a net profit of
QR90.4mn in 4Q2013, up by 170.8% QoQ vs. QR33.4mn for
3Q2013. MERS’ 4Q2013 revenue dropped by 6.4% QoQ to
reach QR442.4mn. FY2013 revenue reached QR1.95bn,
reflecting an increase of 29.4% as compared to QR1.50bn in
2012. The company’s FY2013 net profit surged by 85.4% YoY to
QR196.1mn. However, excluding non-recurring income (land
and building sale) of QR71.4mn, MERS’ profit was up by 17.9%
YoY. EPS for 2013 stood at QR10.27 vs. QR9.00 (restated for
rights issue) in 2012. Meanwhile, MERS has recommended 80%
cash dividend (QR8.00/share; flat with last year), which will have
to be approved by shareholders at the annual general assembly,
scheduled on March 26, 2014. (QE, QNBFS Research)
 QNB, QDB and Al-Naqeeb join hands for new plant in SME
aid – As part of its commitment to provide banking products and
services to Small and Medium sized Enterprises (SMEs), QNB
Group, was the first bank to join Qatar Development Bank’s
(QDB) QDB Al Dhameen program back in 2010. As the bank
which has financed the most clients through Al Dhameen we
continue our commitment to the SME sector. As part of this, a
signing ceremony took place during which QNB, Al-Naqeeb
Plastic Factory and QDB signed the relevant documents for a
new financing that is supported through the Al-Dhameen
program. Al Dhameen is a Private Sector Enterprise program
pioneered by QDB that enables lending to businesses that
require collateral. QNB is a keen supporter of the program and
is committed to working in close partnership with QDB to help
grow the private sector and support the free market economy in
Qatar. (QNB Group Press Release)
 DOHI’s AGM, EGM approve 20% cash dividend, capital
increase – The Doha Insurance Company (DOHI) has approved
its board’s proposal in the AGM held on February 17 to
distribute 20% cash dividend, i.e. QR2 per share, among others.
Similarly, the EGM has approved a capital increase of 94.25%
from QR257.4mn to QR500mn through issuance of 24,260,000
additional shares. Those shareholders who are registered with
the company on February, 16 2014 will be eligible for these
shares.(QE)
 QNNS’ BoD to meet on February 26 – Qatar Navigation
Company’s (QNNS) board of directors will meet on February 26,
2014 to discuss the company’s financial results ending on
December 31, 2013. (QE)
 QA, Boeing sign deal to maximize in-flight operational
efficiency – Qatar Airways (QA) and Boeing have signed a fiveyear agreement to avail Boeing Wind Updates services for
maximizing the airline’s in-flight operational efficiency. Boeing
Wind Updates provides customized, real-time wind and
temperature information for flight crews and the aircraft flight
management system, which allows for more efficient trajectory
prediction during pre-flight operations and continuous
optimization in-flight. As part of the agreement, Boeing Wind
Updates will be integrated across all Qatar Airways Boeing and
Airbus aircraft. (Gulf-Times.com)
 QA to start Mideast’s first all-business-class service – Qatar
Airways will introduce a daily flight between Doha and London
from May 15 with an all-business-class cabin, the first of its kind
in the Middle East. QA will deploy an Airbus Group NV A319
aircraft with 40 seats, adding a sixth daily service from Doha to
London Heathrow and raising its weekly frequency to 42 flights
from 35. (Bloomberg)
International
 UK inflation undershoots BOE’s target for first time since
2009 – British inflation for January fell below the Bank of
England's (BOE) target for the first time in over four years,
reinforcing the bank's decision not to rush for a raise in interest
rates. The Office for National Statistics stated that consumer
prices rose 1.9% on the year in January, slowing from
December's rate of 2.0%, making it the lowest increase since
November 2009. Before December 2013, annual inflation
exceeded the BOE’s 2% target every month since December
2009. (Reuters)
 US Fed adopts foreign bank capital rules – The US Federal
Reserve approved new standards for foreign banks that will
require the biggest ones to hold more capital in the US, joining
other countries in erecting walls around the domestic financial
system. Banks with assets worth $50bn in the US will have to
meet the new standard approved under a revised rule, which
raised the threshold from $10bn proposed in 2012. The central
bank left out two controversial elements of the original proposal.
Part of the proposal that established limits on banks’ exposures
to single parties was held back because the Fed is still working
on how to define them for US firms. Another planned change,
which would have set an additional capital buffer above the
standard requirements, also was left out. (Bloomberg)
 US concerned about Japan domestic demand outlook – The
US expressed concern about whether domestic demand will
remain a principal driver of the Japanese economy. US Treasury
Secretary Jack Lew said, Japan's economy has been largely
driven by domestic demand over the last two years, but the
outlook for domestic demand has clouded. (Reuters)
Regional
 Saudi-Qatar sign MoU deals on meteorology, environment –
Qatar and Saudi Arabia have signed the minutes of the
exchange of the ratification instruments of two MoUs, one in the
meteorology field and another MoU in the environment field. HE
Mohamed Bin Abdullah Al Rumaihi, the Assistant Foreign
Minister for Foreign Affairs signed for Qatar whereas HE
Abdullah Bin Abdulaziz Al-Ayfan, the Saudi Ambassador to
Qatar signed for his country. (Peninsula Qatar)
 JODI: Saudi crude exports rose to 12-year high in 2013 –
According to latest statistics from the Joint Organisations Data
Initiative (JODI), Saudi Arabia exported more crude oil in 2013
than in any year since at least 2002. The Kingdom shipped
7.54mn bpd on average last year, up from 7.41mn bpd in 2012.
Saudi Arabia exported 5.49mn bpd in 2002, when JODI began
collecting oil data. Saudi monthly exports in 2013 peaked at
7.84mn bpd in August, the most since April and May of 2003.
(Bloomberg)
 SWCC starts 400MW power production from Ras Al Khair –
Saudi Saline Water Conversion Corp (SWCC) expects to start
up a second 400MW generating unit at a power plant at Ras Al
Khair in 2Q2014, after starting the first unit. The power plant’s
Page 3 of 5

4. total capacity will reach at least 800MW in 2Q. Abdulrahman
Mohammed al-Ibrahim said that SWCC plans to have 1,200MW
of capacity by the end of the summer. Power production at Ras
Al Khair was originally expected to start in late 2012, but was
delayed due to construction issues. (Bloomberg)
 SPM to raise capital to SR450mn by bonus shares – Saudi
Paper Manufacturing Company’s (SPM) board of directors has
recommended a capital increase of 20% by issuing bonus
shares. The company’s capital will be raised from SR375mn to
SR450mn through the issue of one bonus share for every five
shares. The increase will be carried out through capitalization of
SR75mn from the retained earnings account. Consequently, the
company’s shares will rise from 37.5mn shares to 45mn shares.
Eligibility of bonus shares is limited to the shareholders who are
registered in the Securities Depository Center at the close of
trading on the day of the EGM, which will be determined later.
(Tadawul)
 Herfy Foods declares dividend for 2013 – Herfy Food Service
Company’s board of directors has recommended the distribution
of dividends worth SR57,750,000 to its shareholders for 2013.
The dividend per share will be SR1.75, representing 17.5% of
the face value. Those shareholders who are registered with the
Securities Depository Center on the day of the general assembly
will be eligible for this dividend (to be announced later).
(Tadawul, Zawya)
 Bahra Cables signs SR127mn deal with HHI – Bahra
Advanced Cable Manufacture Company (Bahra Cables) has
signed a contract worth SR127mn with Hyundai Heavy
Industries (HHI) to supply low and medium voltage cables for
the Jeddah South Thermal Power Plant Stage-1. The power
plant will generate 2400-2800MW of electricity to cater to 2mn
people. (Gulfbase)
 Zamil declares SR60mn dividend for 2H2013 – Zamil
Industrial
Investment
Company’s
(ZIIC)
board
has
recommended the distribution of dividends worth SR60mn for
2H2013. The dividend per share will be SR1, representing 10%
of the face value. Those shareholders who are registered with
the Securities Depository Center on the day of the general
assembly will be eligible for this dividend (to be announced
later). (Tadawul)
 EIBANK’s net profit jumps 38% to AED36.2mn – Emirates
Investment Bank (EIBANK) has reported 38% increase in its net
profit to AED36.2mn for FY2013 as compared to AED26.3mn in
FY2012. The bank’s total assets under management increased
by 71% to AED4.26bn as compared to AED2.49bn in 2012.
Customer deposits grew by 109% to AED1.67bn from
AED0.80bn in 2012. (DFM)
have registered a 7.7% growth compared with January 2013 to
record 11,972 movements. (Bloomberg)
 Dana Gas signs deal for concession in Nile Delta – Dana
Gas has signed an agreement for the North El Arish (Block 6)
Concession Area, offshore the eastern Nile Delta. The 2,980
square kilometers block was awarded in April 2013. Further, the
company has announced the award of a new development
lease, known as Balsam, which is located in the West El
Manzala Concession, Nile Delta region. The lease, which is 32
square kilometers, brings the number of current leases to 13.
Dana Gas has also secured an 18 square kilometers increase at
its El Basant and Sama development leases in West El Manzala
and West Al Qantara Concessions respectively. (ADX)
 Moody's: Omani banking system outlook stable – Moody’s
Investors Service stated that the outlook for the banking system
in Oman remains stable, reflecting the country favorable
operating environment underpinned by high oil prices and
increased government spending. The rating agency expects
stable macroeconomic conditions to support low levels of nonperforming loans (NPLs), sound liquidity buffers, healthy levels
of capitalization and earnings. These supportive factors will
continue to offset potential shocks from an unexpected drop in
oil prices and risks stemming from high borrower concentrations,
opacity surrounding local conglomerates and real-estate sector
exposures. Moody's expects Oman's real GDP to expand by
4.3% in 2014. Relatively high oil prices will fuel the
government's ability to increase spending, stimulating the nonoil sectors and the banking sector over the 12-18 month outlook
period. Moody's said that stable macroeconomic conditions will
lead to credit growth of around 10-12% in nominal terms in
2014. (Bloomberg)
 ABC reports $239mn net profit in 2013 – The Arab Banking
Corporation (ABC) has reported a rise of 17% in its net profit to
$239mn in 2013 as compared to $205mn in 2012. Net interest
income stood at $504mn as compared to $521mn in 2012. The
bank’s total assets stood at $26,545mn at the end of 2013 as
compared to $24,527mn a year earlier. Loans & advances rose
by $0.8bn to $13.7bn, while customer deposits grew from
$17.2bn to $18.3bn. EPS amounted to $0.08 in 2013 as
compared to $0.07 in 2012. Meanwhile, the bank’s board has
recommended the distribution of 5% dividend worth $155.5mn,
representing $0.05 per share. (Bahrain Bourse)
 FAMILY’S BoD recommends 7.5% cash dividend – Bahrain
Family Leisure Company’s (FAMILY) board of directors has
recommended the distribution of cash dividend of 7.5% of fully
paid-up capital. (Bahrain Bourse)
 DI appoints head for its glass subsidiaries – Dubai
Investments (DI) has appointed Rizwanulla Khan as the
Executive President for its glass subsidiaries – Emirates Glass,
Lumiglass and Saudi American Glass. (DFM)
 ADPC appoints new EVP Ports – Abu Dhabi Ports Company
(ADPC) has appointed Gary Lemke as the new Executive Vice
President (EVP) Ports. Lemke will oversee the Khalifa Port and
the three commercial ports – Zayed Port, the Free Port and
Musaffah Port. He will also be responsible for the ports in the Al
Gharbia region, which support local industry and leisure
activities. (Ameinfo)
 ADIA records 14.5% passenger growth in January – Abu
Dhabi International Airport (ADIA) has recorded a 14.5%
passenger growth in January 2014 as compared to January
2013. 1,564,266 passengers used the airport in January 2014,
growing from 1,366,433 in January 2013. Aircraft movements
Page 4 of 5

5. Rebased Performance
Daily Index Performance
180.0
170.0
160.0
150.0
140.0
130.0
120.0
110.0
100.0
90.0
80.0
143.6
0.6%
130.7
1.1%
1.2%
0.0%
0.2%
(0.6%)
0.2%
0.1%
(0.2%)
(0.3%)
(1.2%)
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
Source: Bloomberg
Close ($)
1D%
WTD%
YTD%
1,321.97
(0.5)
0.2
9.6
21.94
1.1
2.1
12.7
110.46
1.2
1.3
5.74
3.7
155.00
Global Indices Performance
Close
1D%
WTD%
YTD%
16,130.40
(0.1)
(0.1)
(2.7)
S&P 500
1,840.76
0.1
0.1
(0.4)
(0.3)
NASDAQ 100
4,272.78
0.7
0.7
2.3
3.7
32.1
STOXX 600
334.60
0.0
0.4
1.9
0.0
0.0
22.8
DAX
9,659.78
0.0
(0.0)
1.1
138.50
0.0
0.0
1.5
FTSE 100
6,796.43
0.9
2.0
0.7
CAC 40
DJ Industrial
1.38
0.4
0.5
0.1
102.36
0.4
0.6
(2.8)
GBP
1.67
(0.2)
(0.4)
0.8
MSCI EM
CHF
1.13
0.4
0.5
0.6
SHANGHAI SE Composite
AUD
0.90
(0.1)
(0.1)
1.2
USD Index
80.01
(0.2)
(0.2)
(0.0)
RUB
35.44
0.6
0.8
7.8
BRL
0.42
(0.2)
(0.4)
(1.3)
Yen
Dubai
May-13
Oman
Oct-12
Abu Dhabi
QE Index
Mar-12
Bahrain
Aug-11
Kuwait
Jan-11
(1.1%)
Qatar
(1.8%)
Saudi Arabia
Jun-10
1.8%
168.0
Source: Bloomberg (*Market closed on February 18, 2014)
Nikkei
4,330.71
(0.1)
(0.2)
0.8
14,843.24
3.1
3.7
(8.9)
958.87
(0.6)
0.2
(4.4)
2,119.07
(0.8)
0.2
0.1
HANG SENG
22,587.72
0.2
1.3
(3.1)
BSE SENSEX
20,634.21
0.8
1.3
(2.5)
Bovespa
46,599.76
(2.1)
(3.3)
(9.5)
1,343.62
(0.3)
0.0
(6.9)
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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