SlideShare una empresa de Scribd logo
1 de 6
Descargar para leer sin conexión
QE Intra-Day Movement

Market Indicators

10,420
10,400
10,380
10,360

04 Dec 13

%Chg.

471.4
553,978.1
17.9
5,573
40
26:11

287.7
552,029.0
9.9
4,244
39
8:28

63.9
0.4
80.3
31.3
2.6
–

Market Indices

10,340
10,320
9:30

05 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 rose 0.5% to close at 10,389.1. Gains were led by the Real
Estate and Transportation indices, gaining 1.5% each. Top gainers were Qatar
Cinema & Film Dist. Co. and Qatar Navigation, rising 2.4% each. Among the
top losers, Qatar General Ins. & Rein. Co. fell 4.0%, while Widam Food Co.
declined 1.7%.

Close

Total Return
All Share Index
Banks
Industrials
Transportation
Real Estate
Insurance
Telecoms
Consumer
Al Rayan Islamic Index

1D%

WTD%

YTD%

TTM P/E

14,843.65
2,583.42
2,458.63
3,380.92
1,931.71
1,998.51
2,358.94
1,460.90
5,980.01
3,068.07

0.5
0.5
0.6
0.2
1.5
1.5
(1.2)
(0.1)
0.3
0.8

0.1
0.0
0.5
(0.6)
(0.6)
0.2
(0.3)
0.5
(0.0)
1.2

31.2
28.2
26.1
28.7
44.1
24.0
20.1
37.2
28.0
23.3

N/A
13.1
13.2
12.3
13.1
13.7
9.7
19.9
22.7
15.9

GCC Commentary

GCC Top Gainers##

Exchange

Close#

1D%

Vol. ‘000

YTD%

Saudi Arabia: The TASI index rose 0.2% to close at 8,243.7. Gains were led
by the Transport and Multi Inv. indices, rising 2.7% and 1.3% respectively. Gulf
Union Coop. Ins. gained 7.7%, while Saudi Arabia Refineries was up 4.8%.

Sharjah Islamic Bank

Abu Dhabi

1.53

9.3

20,468.4

66.3

Gulf Cable & Electrical

Kuwait

0.90

4.7

195.0

(28.6)

Dubai: The DFM index gained 0.9% to close at 3,013.3. The Insurance index
rose 1.8%, while the Transportation index was up 1.7%. National General
Insurance Co. gained 10.8%, while Emirates NBD was up 3.2%.

Bahri

Saudi Arabia

26.90

4.3

3,323.9

40.5

Aswak Al Othaim

Saudi Arabia

121.75

3.6

102.3

48.0

Abu Dhabi: The ADX benchmark index rose 0.2% to close at 3,939.6. The
Industrial and Investment & Financial Services indices gained 1.4% each. Abu
Dhabi Ship Building Co. rose 14.8%, while Sharjah Islamic Bank was up 9.3%.

Nat. Mobile Telecomm.

1.80

3.4

23.3

(23.1)

GCC Top Losers

Exchange

Kuwait: The KSE index gained 0.4% to close at 7,764.9. The Telecomm.
index rose 1.8%, while the Insurance index was up 1.4%. Aayan Leasing &
Investments Co. gained 7.9%, while Metal & Recycling Co. was up 7.5%.

Abu Dhabi Nat. Hotels

Abu Dhabi

2.34

(10.0)

51.2

32.2

Nat. Marine Dredging

Abu Dhabi

8.60

(9.9)

1.2

(14.0)

Oman: The MSM index fell 0.2% to close at 6,769.0. Losses were led by the
Banking & Inv. and Ser. & Ins. indices, declining 0.3% each. Areej Vegetable
Oils & Derivatives fell 5.3%, while Cons. Mat. Ind. & Cont. was down 4.0%.

Qatar Gen. Ins. & Rein.

Qatar

48.00

(4.0)

6.0

4.3

Gulf Pharma. Industry

Abu Dhabi

3.02

(2.6)

2,625.9

9.8

Bank Albilad

Saudi Arabia

35.00

(1.7)

449.2

64.5

Bahrain: The BHB index gained 0.1% to close at 1,197.5. The Services index
rose 0.3%, while the Commercial Banking index was up 0.2%.Khaleeji
Commercial Bank gained 4.4%, while Seef Properties was up 3.3%.

##

Kuwait

#

Close

1D% 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)

Qatar Exchange Top Gainers

Close*

1D%

Vol. ‘000

YTD%

Qatar Exchange Top Losers

Close*

1D%

Vol. ‘000

Qatar Cinema & Film Dist. Co.

42.00

2.4

0.3

(26.2)

Qatar General Ins. & Rein. Co.

48.00

(4.0)

6.0

4.3

Widam Food Co.

50.80

(1.7)

103.8

(13.6)

Qatar Navigation

87.00

2.4

247.7

Mazaya Qatar Real Estate Dev.

11.77

2.3

3,425.3

37.9
7.0

Vodafone Qatar

11.85

2.2

5,805.5

41.9

Ooredoo

Barwa Real Estate Co.

30.25

1.9

1,717.4

10.2

Al Ahli Bank

Qatar Insurance Co.

YTD%

67.00

(0.7)

12.0

24.2

135.50

(0.6)

7.5

30.3

56.70

(0.5)

2.6

15.7

Close*

1D%

Vol. ‘000

YTD%

Close*

1D%

Val. ‘000

YTD%

Vodafone Qatar

11.85

2.2

5,805.5

41.9

Vodafone Qatar

11.85

2.2

69,095.4

41.9

Mazaya Qatar Real Estate Dev.

11.77

2.3

3,425.3

7.0

Masraf Al Rayan

34.05

1.2

53,149.3

37.4

Barwa Real Estate Co.

30.25

1.9

1,717.4

10.2

Barwa Real Estate Co.

30.25

1.9

51,507.9

10.2

Masraf Al Rayan

34.05

1.2

1,565.9

37.4

Commercial Bank of Qatar

69.20

0.3

47,872.1

(2.4)

Qatar Gas Transport Co.

21.10

1.0

933.3

38.3

Mazaya Qatar Real Estate Dev.

11.77

2.3

40,196.2

7.0

Qatar Exchange Top Vol. Trades

Source: Bloomberg (* in QR)

Source: Bloomberg (* in QR)

Regional Indices
Qatar*
Dubai
Abu Dhabi
Saudi Arabia
Kuwait
Oman
Bahrain

Qatar Exchange Top Val. Trades

Close

1D%

WTD%

MTD%

YTD%

10,389.10
3,013.34
3,939.64
8,243.74
7,764.86
6,769.01
1,197.52

0.5
0.9
0.2
0.2
0.4
(0.2)
0.1

0.1
2.3
2.3
(1.0)
(0.3)
0.6
(0.9)

0.1
2.3
2.3
(1.0)
(0.3)
0.6
(0.9)

24.3
85.7
49.7
21.2
30.8
17.5
12.4

Exch. Val. Traded
($ mn)
185.22
194.71
178.28
1,028.91
81.33
36.16
0.62

Exchange Mkt.
Cap. ($ mn)
152,122.4
71,417.9
112,537.1
448,533.9
109,394.6
24,225.3
49,644.1

P/E**

P/B**

13.3
17.8
11.0
16.9
17.0
10.6
8.0

1.8
1.2
1.4
2.1
1.2
1.6
0.8

Dividend
Yield
4.4
3.0
4.6
3.6
3.6
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 6
Qatar Market Commentary
 The QE index rose 0.5% to close at 10,389.1. The Real Estate
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

Sell %*

Net (QR)

Qatari

72.00%

71.51%

2,351,201.13

Non-Qatari

 Qatar Cinema & Film Dist. Co. and Qatar Navigation were the
top gainers, rising 2.4% each. Among the top losers, Qatar
General Ins. & Rein. Co. fell 4.0%, while Widam Food Co.
declined 1.7%.

Buy %*

28.00%

28.50%

(2,351,201.13)

Source: Qatar Exchange (* as a % of traded value)

 Volume of shares traded on Thursday rose by 80.3% to 17.9mn
from 9.9mn on Wednesday. Further, as compared to the 30-day
moving average of 11.8mn, volume for the day was 51.8%
higher. Vodafone Qatar and Mazaya Qatar Real Estate Dev.
were the most active stocks, contributing 32.4% and 19.1% to
the total volume respectively.

Ratings and Global Economic Data
Ratings Updates
Company
Al Ahli Bank of
Kuwait (ABK)
Industrial Bank of
Kuwait (IBK)
Kuwait Finance
House (KFH)
Gulf Bank
Commercial Bank of
Kuwait (CBK)
Ahli United Bank
(AUB)
Kuwait International
Bank (KIB)

Agency

Market

Fitch

Kuwait

Fitch

Kuwait

Fitch

Kuwait

Fitch

Kuwait

Fitch

Kuwait

Fitch

Kuwait

Fitch

Kuwait

Type*
LT IDR*/ ST IDR*/ VR/
SR/ SR Floor
LT IDR/ ST IDR/
VR*/SR/ SR Floor
LT IDR/ ST IDR/
VR/SR/ SR Floor
LT IDR/ ST IDR/ VR/
SR/ SR Floor
LT IDR/ ST IDR/ VR/
SR/ SR Floor
LT IDR*/ ST IDR*/ VR/
SR/ SR Floor*
LT IDR*/ ST IDR*/ VR/
SR/ SR Floor

Old Rating
A-/F2/ bb+/1/AA+/F1/ bb/1/A+
A+/F1/1/A+
A+/F1/bb-/1/A+
A+/F1/ bb/1/A+
A-/F2/bbb-/1/AA-/F2/b+/1/A-

New Rating

Rating Change

Outlook

Outlook Change

A+*/F1*/bb+/1
/A+*
A+/F1/bb+*/1/
A+

*

Stable

–

*

Stable

–

A+/F1/1/A+

–

Stable

–

A+/F1/ bb/1/A+
A+/F1/bb/1/A+
A+*/F1*/bbb/1/A+*
A+*/F1*/b+/1/
A+*

–

Stable

–

–

Stable

–

*

Stable

–

*

Stable

–

Source: News reports (* LT – Long Term, ST – Short Term, FSR- Financial Strength Rating, FCR – Foreign Credit Rating, LCR – Local Currency Rating, IDR – Issuer Default Rating, SR – Support Rating, LC –
Local Currency, VR- Viability Rating) (*– Ratings revised)

Global Economic Data
Date

Market

Source

Indicator

Period

Actual

Consensus

Previous

12/05

US

12/05

US

Challenger, Gray &
Christmas
IPSOS Public Affairs

Challenger Job Cuts YoY
RBC Consumer Outlook Index

November

-20.60%

–

-4.20%

December

49.7

–

12/05

US

Department of Labor

Initial Jobless Claims

47.0

30-November

298K

320K

321K

12/05
12/05

US

Department of Labor

US

Bureau of Eco. Analysis

Continuing Claims

23-November

2744K

2800K

2765K

GDP Annualized QoQ

3Q2013

3.60%

3.10%

12/05

US

2.80%

Bureau of Eco. Analysis

Personal Consumption

3Q2013

1.40%

1.50%

12/05

1.50%

US

Bureau of Eco. Analysis

GDP Price Index

3Q2013

2.00%

1.90%

1.90%

12/05

US

Bureau of Eco. Analysis

Core PCE QoQ

3Q2013

1.50%

1.40%

1.50%

12/05

US

Bloomberg

Bloomberg Consumer Comfort

1-December

-31.3

–

-33.7

12/05

US

US Census Bureau

Factory Orders

October

-0.90%

-1.00%

1.80%

12/06

US

Bureau of Labor Stat.

Change in Nonfarm Payrolls

November

203K

185K

200K

12/06

US

Bloomberg

Two-Month Payroll Net Revision

November

8K

–

–

12/06

US

Bureau of Labor Stat.

Change in Private Payrolls

November

196K

180K

214K

12/06

US

Bureau of Labor Stat.

Change in Manufact. Payrolls

November

27K

10K

16K

12/06

US

Bureau of Labor Stat.

Average Hourly Earnings MoM

November

0.20%

0.20%

0.10%

12/06

US

Bureau of Labor Stat.

Change in Household Employment

November

818

735

-735

12/06

US

Bureau of Labor Stat.

Underemployment Rate

November

13.20%

–

13.80%

12/06

US

Bureau of Labor Stat.

Labor Force Participation Rate

November

63.00%

–

62.80%

12/06

US

Bureau of Eco.Analysis

Personal Income

October

-0.10%

0.30%

0.50%

12/06

US

Bureau of Eco.Analysis

Personal Spending

October

0.30%

0.20%

0.20%

12/06

US

Bureau of Eco.Analysis

PCE Deflator MoM

October

0.00%

0.00%

0.10%

12/06

US

Bureau of Eco.Analysis

PCE Deflator YoY

October

0.70%

0.70%

0.90%

12/06

US

Bureau of Eco.Analysis

PCE Core MoM

October

0.10%

0.10%

0.10%

12/06

US

Bureau of Eco.Analysis

PCE Core YoY

October

1.10%

1.10%

1.20%

Page 2 of 6
12/07

US

Federal Reserve

Consumer Credit

October

$18.186B

$14.500B

$16.293B

12/05

EU

European Central Bank

ECB Announces Interest Rates

5-December

0.25%

0.25%

0.25%

12/05

EU

European Central Bank

ECB Deposit Facility Rate

5-December

0.00%

0.00%

0.00%

12/06

France

Ministry of the Economy

Trade Balance

October

-4697M

-5500M

-5636M

12/06

France

Ministry of the Economy

Budget Balance YTD

October

-86.0B

–

-80.8B

12/06

Germany

Factory Orders MoM

October

-2.20%

-1.00%

3.10%

12/06

Germany

Factory Orders WDA YoY

October

1.90%

4.10%

7.80%

12/05

UK

Deutsche Bundesbank
Bundesministerium fur
Wirtscha
Lloyds Bank

Lloyds Employment Confidence

November

-14

–

-11

12/05

UK

Bank of England

BOE Asset Purchase Target

December

375B

375B

375B

12/06

UK

Lloyds TSB

Halifax House Prices MoM

November

1.10%

0.80%

1.30%

12/06

UK

Lloyds TSB

Halifax House Price 3Mths/Year

November

7.70%

7.30%

6.90%

12/05

Spain

INE

Industrial Output WDA YoY

October

-0.70%

-0.10%

1.20%

12/06

Japan

Ministry of Finance

Official Reserve Assets

November

$1275.4B

–

$1276.8B

Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)

News
Qatar
 QCB to issue QR4bn bonds, sukuk on December 10 – The
Qatar Central Bank (QCB) is set to issue three-year and fiveyear government bonds and sukuk worth QR4bn on December
10, 2013. Government bonds valued QR3bn and sukuk worth
QR1bn will be issued. (QCB)
 QNB holds strategy conference to shape its vision for
MENA – QNB Group convened a strategy conference titled
“Shaping a MENA Icon” in Dubai. Chaired by Ali Ahmed alKuwari, QNB’s Acting Group Chief Executive, the two-day
meeting was attended by QNB’s senior management team,
general managers from relevant countries and CEOs from
subsidiary companies. The purpose of the meeting was to
discuss relevant topics that would enhance the strategic
development of the organization and help secure the bank’s
vision of becoming a MENA icon. (Gult-Times.com)
 Tasweeq, JCCP sign MoU for T&D programs – Qatar
International Petroleum Marketing Company (Tasweeq) has
signed a memorandum of understanding (MoU) with Japan
Cooperation Center, Petroleum (JCCP) for exchange of training
& development programs in the oil & gas sector. The agreement
was signed by Saad al-Kuwari, CEO of Tasweeq and Masataka
Sase, JCCP’s Executive Director. The objective of this deal is to
gain access to various technical and non-technical courses
organized by JCCP, exposing participants of both organizations
to industry best practices and expertise. (Gulftimes.com)
 Turkey to import LNG worth $350mn from Qatar – Turkey’s
Minister of Energy & Natural Resources Taner Yildiz said the
country will import liquid natural gas worth $350mn from Qatar
to meet its increasing demand. Turkey has placed an order for
five cargoes of LNG from Qatar to meet its energy demand for
December, January and February. (Bloomberg)
 Turkey: Qatar interested in Afsin-Elbistan power project –
Turkish energy minister Taner Yildiz said that Qatar is
considering investing in Turkey’s Afsin-Elbistan coal-fired power
plant project, from which the UAE dropped out earlier this year.
These talks could result in a final deal within the next two to
three months. Turkey is keen to make the most of its own coal
resources to reduce dependence on imported natural gas.
(Gulftimes.com)
 ORDS closes inaugural $1.25bn sukuk – Ooredoo (ORDS)
has successfully closed its inaugural $1.25bn sukuk under its
Trust Certificate Program. This sukuk that will mature on
December 3, 2018 was issued by Ooredoo Tamweel Ltd. and
has a profit rate of 3.039%. The net proceeds from this sale will

be used by ORDS for general corporate purposes including refinancing of existing indebtedness. (DFM)
 Law firm Charles Russell launches office in Qatar – Charles
Russell LLP, a leading international law firm based in Bahrain
has expanded its operations to Qatar by launching a new office
in Doha. The Doha office will provide Qatari clients with
specialized services in real estate, construction, banking and
sports sectors, along with representation in litigation and
arbitration, advice on intellectual property in the region, as well
as corporate work and private client counsel. (The
Peninsula.com)
International
 QNB: Chinese economy set for a rebound in 2014 –
According to QNB Group, the Chinese economy seems to be
taking off again though many feared a hard landing for the
country in 2012 and early 2013. Chinese authorities have taken
various measures to mitigate some of the risks earlier this year,
including concerns about excessive credit. QNB Group expects
the Chinese economy to grow at around 8-8.5% in 2014, after
the recent announcement of a major reform package and
positive economic news. QNB Group said the reforms will be
positive for long-term growth, but implementation will be
complex. The relaxation of capital controls and liberalization of
the exchange rate should help encourage foreign investment.
This should also support the continued steady appreciation of
the Chinese currency. Overall, QNB believes the Chinese
economy is ready for growth next year, after a brief slowdown in
2013. This is part of China’s long-term economic transformation
from export-oriented to consumer-based economy. (GulfTimes.com)
 WTO signs scaled-down trade pact in Bali – Members of the
World Trade Organization reached a scaled-back deal to
liberalize global commerce, keeping alive foundering talks with a
pact that will still take months, if not years, to fully take effect.
The modest deal agreed to by the WTO's 159 members after
four days of meeting fell far short of the goal set by negotiators
when they launched talks in Doha, way back in 2001. The new
agreement could add billions of dollars to the $65 trillion global
economy by making it easier for goods to pass through customs.
(WSJ)
 US Fed’s December tapering odds double in Bloomberg
survey – The share of economists predicting the Federal
Reserve will reduce its bond buying in December 2013 doubled
after a US government report showed back-to-back monthly
payroll gains of 200,000 for the first time in almost a year. About
34% of economists surveyed by Bloomberg expect the Federal
Page 3 of 6
Open Market Committee to begin reducing its bond purchases
at its December 17-18 meeting. In November, 53% predicted a
tapering in March 2014, as compared to 40% in yesterday’s poll
of 35 economists. (Bloomberg)
 Bloomberg: China reforms may add less than 0.5% to
growth – According to a Bloomberg news survey, China’s latest
economic reforms will add less than half a percentage point to
its annual growth this decade. Fourteen out of 19 economists
surveyed see policies from a Communist Party summit last
month boosting the GDP either by a negligible amount or less
than 0.5% a year. Ten analysts say China will need a small
amount of monetary, fiscal and credit stimulus to meet the
government’s bottom line of 7% growth over the next five years.
These forecasts dovetail with increasing speculation that
policymakers will set the lowest annual growth target since 2004
at a gathering this month. (Bloomberg)
 Greek lawmakers approve 2014 budget to map debt-relief
course – Greek legislators approved the country’s budget for
2014, which maps a course for the debt-laden country to secure
additional debt relief from the euro area and the International
Monetary Fund. Under the bailout condition from the European
Commission, the IMF and the European Central Bank, Greece
posting a primary surplus will qualify it for additional debt relief.
The government and lender troika have been locked in talks
since September 2013, with both the sides disagreeing over
fiscal measures needed for achieving the 2014 budget
projections. The lender troika will send a negotiating team back
to Athens in January 2014, though technical discussions will
continue in Athens next week. The government’s surplus before
interest costs will be at €812mn this year, which will rise to
€2.96bn in 2014, or 1.6% of GDP. The country’s GDP is
expected to expand 0.6% in 2014 after contracting 4% this year.
Public debt is seen peaking at 176% of GDP this year.
(Bloomberg)
Regional
 S&P affirms Kingdom’s ratings at AA-/A-1+ – S&P has
affirmed Saudi Arabia’s long and short-term foreign and local
currency sovereign credit ratings at “AA-/A-1+” with a Positive
outlook. These ratings are supported by the Kingdom’s strong
external and fiscal position that has been built over several
years. By managing high oil revenues prudently, the government
has virtually eliminated its general government debt, generating
additional fiscal space for countercyclical policies. (Bloomberg)
 Saudi bank loans cooling to healthy levels – Saudi Arabian
banks are scaling back their lending as the withdrawal of
domestic stimulus slows down economic growth. Bank loan
growth to the private sector stood at 13% in October 2013, the
slowest rate of expansion since May last year. While it was the
sixth straight monthly drop in growth, credit expansion in the
Kingdom remains faster than in the UAE and Kuwait. According
to a Bloomberg survey, the winding down of almost $800bn in
stimulus measures introduced since 2008 and restrictions on
foreign workers are forecast to trim the economic growth this
year to 4.2%, from 5.1% in 2012. Growth in the Saudi economy
stood 3.1% in the third quarter, as compared to 5.7% a year
earlier. (Gulf-Times.com)
 ICD partners with PIF, PIB to launch specialized Ijara Co in
Palestine – The Islamic Corporation for the Development of the
Private Sector (ICD) has partnered with the Palestine
Investment Fund (PIF) and the Palestine Islamic Bank (PIB) to
launch a specialized Ijara company, “Palestine Ijara Company”.
This news company will offer asset-based Ijara financing to
SMEs in various sectors such as agri-business, construction,
education, healthcare and tourism. The financing ranging from

$100,000 to $1mn per transaction, aims to support SME
operations and in turn create new job opportunities in Palestine.
(GulfBase.com)
 JEC appoints new CEO, completes piling work for Kingdom
Tower – The Jeddah Economic Company (JEC) has appointed
Mounib Hammoud as the company’s new CEO. Hammoud
brings with him an extensive experience of around 20 years in
urban planning and real estate development in the MENA
region. Meanwhile, JEC has announced the completion of piling
work for the Kingdom Tower. This tower will give Jeddah and
Saudi Arabia a unique modern landmark of a world class
standard. (GulfBase.com)
 ATMC obtains SAMA’s approval for insurance products –
The Alinma Tokio Marine (ATMC) has obtained a temporary
approval from the Saudi Arabian Monetary Agency (SAMA) to
use its insurance products for six months. (Tadawul)
 Fitch affirms Ras Al Khaimah’s ratings at A – Fitch Ratings
has affirmed its “A” rating for long-term foreign and local
currency issuer default ratings (IDRs) of Ras Al Khaimah with a
Stable outlook. Fitch has also affirmed the Emirate’s short-term
foreign currency IDR at “F1”, while the country ceiling is affirmed
at “AA+”. These ratings balance the advantages of RAK's
membership of the UAE, its low debt and strong fiscal current
surplus against weaknesses in data quality and the
macroeconomic environment. (Reuters)
 DED: Dubai’s 4Q2013 business outlook improves
remarkably – According to a survey conducted by Dubai’s
Department of Economic Development (DED), the Emirate’s
overall business outlook for 4Q2013 has improved remarkably,
since many businesses are looking forward to expand over the
next 12 months expecting increased sales volumes and profits.
This quarterly survey covering 508 companies in Dubai has
revealed that the overall Business Confidence Index (BCI) has
increased 17.3 points YoY in 3Q2013. Dubai’s BCI stood at
141.6 points in 3Q2013, indicating a rise of 17.3% QoQ due to
improved economic activity expected in 4Q2013, owing to the
festival season and seasonal tourist inflows. The business
outlook for 4Q2013 has improved remarkably with 58% of
respondents expecting an improvement in business conditions.
Meanwhile, real estate & construction companies are expecting
new projects in the regional market, which will boost the overall
business activity in the Emirate. The survey also showed that
57% of the transportation companies expect better business in
4Q2013 due to higher demand from all major sectors.
(GulfBase.com)
 ICD acquires Atlantis Hotel from Istithmar World – The
Investment Corporation of Dubai (ICD) has acquired Atlantis
Hotel from Istithmar World. This hotel was established in 2008
as a JV between Istithmar World and Kerzner International. The
value of acquisition of the 1,539-room iconic hotel located on
Palm Jumeirah Island was not disclosed. (GulfBase.com)
 Arabtec wins $1bn construction contract in Al Ain – Dubaibased Arabtec Holding along with its JV partners has won a
contract worth $1bn to build a hospital in Al Ain in the UAE. This
new hospital will be built by 2018 under the AED3.3bn contract
that has been awarded by the Abu Dhabi General Services
Company. (Reuters)
 Musanada signs 2 contracts for Abu Dhabi-Dubai Road
project – The Abu Dhabi General Services Company
(Musanada) has signed two contracts for the implementation of
Abu Dhabi-Dubai Road project. This 62-kilometer road is an
extension to the Mohammad bin Zayed Street from Saih Shuaib
area to Khalifa Industrial Zone Abu Dhabi (KIZAD). The project’s
Page 4 of 6
phase one includes 34 kilometers of road and three key
junctions to be implemented by Ghantoot Transport & General
Contracting Establishment at a cost of AED1.297bn. The phase
two, which will be implemented by Tristar Engineering &
Construction and Salini Costruttori at a cost of AED840mn,
consists of 28 roads and three key intersections between Al
Ajban Street and Al Sweihan Road. Both the projects will be
completed within a span of 30 months from the date of the
commencement. (Bloomberg)
 DFM accredits Al Dhabi BS&IC to provide margin trading –
The Dubai Financial Market (DFM) has accredited Al Dhabi
Brokerage and Securities & Investment Company (Al Dhabi
BS&IC) to provide margin trading, which takes the total number
of DFM brokerage firms providing this service to 11. Margin
trading allows brokerage companies to fund a percentage of the
market value of securities traded. (DFM)

 Oman Air signs code share deal with Turkish Airlines –
Oman Air has signed a code share agreement with Turkish
Airlines that will cover all services between Oman and Istanbul.
This agreement will allow passengers to benefit from the
products and services that are offered by both Oman Air and
Turkish Airlines on Muscat-Istanbul routes. (GulfBase.com)
 S&P upgrades GIB from BBB- to BBB with Positive outlook
– S&P has upgraded the Gulf International Bank’s (GIB) Stand
Alone Credit Profile (SACP) from “BBB-“to “BBB”. The outlook
on the rating has also been upgraded from Stable to Positive.
Meanwhile, GIB’s long-term and short-term issuer credit ratings
were affirmed at “BBB+/A-2” respectively. (GulfBase.com)

 KFED signs framework deal with SFD to boost Egyptian
SMEs – The Khalifa Fund for Enterprise Development (KFED)
has entered into a framework agreement with Egypt’s Social
Fund for Development (SFD) to boost opportunities for small &
micro-sized enterprises (SMEs) in Egypt. Under this agreement,
the UAE will provide AED736mn through KFED to SFD for
catalyzing the establishment of SMEs. This agreement aims to
create a mutually beneficial framework for cooperation between
KFED and SFD through investments in projects. This framework
will develop impoverished areas throughout the country, with a
focus on expanding social funding programs for women and
youth for enhancing job opportunities and generating income.
(GulfBase.com)
 Khalifa Port handles 1mn containers – Abu Dhabi’s Khalifa
Port has handled 1mn containers since it began its commercial
operations a year ago. The port has the capacity to handle
2.5mn twenty foot equivalent units (TEUs) with its 6 super
panamax ship-to-shore cranes, 30 automated stacking cranes
and 20 straddle carriers. This capacity will be further developed
as the trade increases and the market demand rises.
(GulfBase.com)
 Abu Dhabi Ship Building expects $272mn deal – Abu Dhabi
Ship Building Co, the state-linked builder of commercial and
naval vessels, is expected to sign an AED1bn contract with the
UAE. The contract to build two navy ships may be signed this
year. According to Muhammad Shahid Razzaq Head of Finance,
the company is also negotiating for a higher valued deal that
could be finalized in 2014. (Gulftimes.com)
 ADNOC to buy gasoline from BP, Total SA for 2014 – The
Abu Dhabi National Oil Company (ADNOC) has agreed to buy
gasoline from UK-based BP and France’s Total SA for 2014.
ADNOC will buy about 18 cargoes of gasoline from January to
April 2014. (Bloomberg)
 Air India signs deal with Etihad to sell five Boeing 777s – Air
India has signed a deal to sell its five wide-body Boeing 777
aircraft to Etihad Airways. These planes have an average age of
six years and are likely to be delivered to Etihad by March 2014.
(Bloomberg)
 KPNC awards KD72mn contract to AMEC – The Kuwait
National Petroleum Company (KPNC) has awarded a five-year
contract worth KD72mn to UK-based AMEC to provide for
Kuwait’s Mina Al Ahmadi, Mina Abdullah and Shuaiba refineries.
Under this contract, AMEC will be responsible for services that
include feasibility studies, front-end engineering design (FEED),
project management services and training of Kuwaiti engineers.
The contract follows KNPC’s plans to increase Kuwait’s refining
capacity under Kuwait’s Clean Fuels Project. (Bloomberg)
Page 5 of 6
Rebased Performance

Daily Index Performance

160.0
150.0
140.0
130.0
120.0
110.0
100.0
90.0
80.0

0.9%
149.3

0.8%

0.5%

130.4
118.5

0.4%

0.4%

0.2%

0.2%
0.1%

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
Yen

Close ($)

1D%

WTD%

YTD%

Global Indices Performance

1,229.05

0.3

(1.9)

(26.6)

DJ Industrial

19.51

0.6

(2.4)

(35.7)

S&P 500

111.61

0.6

1.8

0.5

4.14

4.1

9.3

0.8

9.5

41.1

139.50

0.5

0.5

(21.0)

1.37

0.3

0.8

3.9

102.91

1.1

0.5

1.63

0.1

(0.1)

1.12

0.5

1.6

RUB
BRL

20.9

127.00

CHF

USD Index

Dubai

Source: Bloomberg

GBP

AUD

Oman

Jul-13

Bahrain

May-12 Dec-12

Abu Dhabi

QE Index

Oct-11

Kuwait

Aug-10 Mar-11

(0.2%)
Qatar

(0.4%)

Saudi Arabia

Jan-10

1.2%

18.6

NASDAQ 100
STOXX 600
DAX
FTSE 100
CAC 40
Nikkei

Close

1D%

WTD%

YTD%

16,020.20

1.3

(0.4)

22.3

1,805.09

1.1

(0.0)

26.6

4,062.52

0.7

0.1

34.5

316.50

0.7

(2.7)

13.2

9,172.41

1.0

(2.5)

20.5

6,551.99

0.8

(1.5)

11.1

4,129.37

0.7

(3.9)

13.4

15,299.86

0.8

(2.3)

47.2

0.6

MSCI EM

1,002.20

0.4

(1.6)

(5.0)

2.6

SHANGHAI SE Composite

2,237.11

(0.4)

0.7

(1.4)

HANG SENG

0.91

0.4

(0.1)

(12.4)

23,743.10

0.1

(0.6)

4.8

80.32

0.1

(0.5)

0.7

BSE SENSEX

20,996.53

0.2

1.0

8.1

7.2

Bovespa

50,944.27

0.3

(2.9)

(16.4)

1,390.61

2.1

(0.9)

(8.9)

32.72
0.43

(0.7)
1.3

(1.2)
0.2

(12.0)

Source: Bloomberg

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
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 6 of 6

Más contenido relacionado

La actualidad más candente

13 August Daily market report
13 August Daily market report13 August Daily market report
13 August Daily market reportQNB Group
 
16 July Technical Market Report
16 July Technical Market Report16 July Technical Market Report
16 July Technical Market ReportQNB Group
 
QNBFS Daily Market Report July 21, 2020
QNBFS Daily Market Report July 21, 2020QNBFS Daily Market Report July 21, 2020
QNBFS Daily Market Report July 21, 2020QNB Group
 
14 May Daily market report
14 May Daily market report14 May Daily market report
14 May Daily market reportQNB Group
 
8 May Daily market report
8 May Daily market report 8 May Daily market report
8 May Daily market report QNB Group
 
24 October Daily Market Report
24 October Daily Market Report 24 October Daily Market Report
24 October Daily Market Report QNB Group
 
12 August Daily market report
12 August Daily market report 12 August Daily market report
12 August Daily market report QNB Group
 
14 August Daily market report
14 August Daily market report 14 August Daily market report
14 August Daily market report QNB Group
 
2 October Daily market report
2 October Daily market report2 October Daily market report
2 October Daily market reportQNB Group
 
18 March Daily market report
18 March Daily market report 18 March Daily market report
18 March Daily market report QNB Group
 
QNBFS Daily Market Report August 11, 2021
QNBFS Daily Market Report August 11, 2021QNBFS Daily Market Report August 11, 2021
QNBFS Daily Market Report August 11, 2021QNB Group
 
17 June Daily market report
17 June Daily market report 17 June Daily market report
17 June Daily market report QNB Group
 
QNBFS Daily Market Report March 16, 2022
QNBFS Daily Market Report March 16, 2022QNBFS Daily Market Report March 16, 2022
QNBFS Daily Market Report March 16, 2022QNB Group
 
QNBFS Daily Market Report March 08, 2022
QNBFS Daily Market Report March 08, 2022QNBFS Daily Market Report March 08, 2022
QNBFS Daily Market Report March 08, 2022QNB Group
 
7 August Technical Market Report
7 August Technical Market Report7 August Technical Market Report
7 August Technical Market ReportQNB Group
 
1 March Daily market report
1 March Daily market report1 March Daily market report
1 March Daily market reportQNB Group
 
14 August Daily Market Report
14 August Daily Market Report14 August Daily Market Report
14 August Daily Market ReportQNB Group
 
Daily Market Report February 14, 2016
Daily Market Report February 14, 2016Daily Market Report February 14, 2016
Daily Market Report February 14, 2016QNB Group
 
22 July Technical Market Report
22 July Technical Market Report22 July Technical Market Report
22 July Technical Market ReportQNB Group
 
7 May Daily market report
7 May Daily market report7 May Daily market report
7 May Daily market reportQNB Group
 

La actualidad más candente (20)

13 August Daily market report
13 August Daily market report13 August Daily market report
13 August Daily market report
 
16 July Technical Market Report
16 July Technical Market Report16 July Technical Market Report
16 July Technical Market Report
 
QNBFS Daily Market Report July 21, 2020
QNBFS Daily Market Report July 21, 2020QNBFS Daily Market Report July 21, 2020
QNBFS Daily Market Report July 21, 2020
 
14 May Daily market report
14 May Daily market report14 May Daily market report
14 May Daily market report
 
8 May Daily market report
8 May Daily market report 8 May Daily market report
8 May Daily market report
 
24 October Daily Market Report
24 October Daily Market Report 24 October Daily Market Report
24 October Daily Market Report
 
12 August Daily market report
12 August Daily market report 12 August Daily market report
12 August Daily market report
 
14 August Daily market report
14 August Daily market report 14 August Daily market report
14 August Daily market report
 
2 October Daily market report
2 October Daily market report2 October Daily market report
2 October Daily market report
 
18 March Daily market report
18 March Daily market report 18 March Daily market report
18 March Daily market report
 
QNBFS Daily Market Report August 11, 2021
QNBFS Daily Market Report August 11, 2021QNBFS Daily Market Report August 11, 2021
QNBFS Daily Market Report August 11, 2021
 
17 June Daily market report
17 June Daily market report 17 June Daily market report
17 June Daily market report
 
QNBFS Daily Market Report March 16, 2022
QNBFS Daily Market Report March 16, 2022QNBFS Daily Market Report March 16, 2022
QNBFS Daily Market Report March 16, 2022
 
QNBFS Daily Market Report March 08, 2022
QNBFS Daily Market Report March 08, 2022QNBFS Daily Market Report March 08, 2022
QNBFS Daily Market Report March 08, 2022
 
7 August Technical Market Report
7 August Technical Market Report7 August Technical Market Report
7 August Technical Market Report
 
1 March Daily market report
1 March Daily market report1 March Daily market report
1 March Daily market report
 
14 August Daily Market Report
14 August Daily Market Report14 August Daily Market Report
14 August Daily Market Report
 
Daily Market Report February 14, 2016
Daily Market Report February 14, 2016Daily Market Report February 14, 2016
Daily Market Report February 14, 2016
 
22 July Technical Market Report
22 July Technical Market Report22 July Technical Market Report
22 July Technical Market Report
 
7 May Daily market report
7 May Daily market report7 May Daily market report
7 May Daily market report
 

Similar a 5 December Daily Market Report

12 November Daily Market Report
12 November Daily Market Report 12 November Daily Market Report
12 November Daily Market Report QNB Group
 
11 December Daily Market Report
11 December Daily Market Report11 December Daily Market Report
11 December Daily Market ReportQNB Group
 
30 October Daily Market Report
30 October Daily Market Report 30 October Daily Market Report
30 October Daily Market Report QNB Group
 
14 October Daily market report
14 October Daily market report14 October Daily market report
14 October Daily market reportQNB Group
 
7 November Daily Market Report
7 November Daily Market Report 7 November Daily Market Report
7 November Daily Market Report QNB Group
 
QNBFS Daily Market Report February 14, 2019
QNBFS Daily Market Report February 14, 2019QNBFS Daily Market Report February 14, 2019
QNBFS Daily Market Report February 14, 2019QNB Group
 
13 October Daily market report
13 October Daily market report13 October Daily market report
13 October Daily market reportQNB Group
 
QNBFS Daily Market Report February 12, 2020
QNBFS Daily Market Report February 12, 2020QNBFS Daily Market Report February 12, 2020
QNBFS Daily Market Report February 12, 2020QNB Group
 
15 October Daily market report
15 October Daily market report15 October Daily market report
15 October Daily market reportQNB Group
 
6 November Daily Market Report
6 November Daily Market Report 6 November Daily Market Report
6 November Daily Market Report QNB Group
 
QNBFS Daily Market Report November 10, 2019
QNBFS Daily Market Report November 10, 2019QNBFS Daily Market Report November 10, 2019
QNBFS Daily Market Report November 10, 2019QNB Group
 
21 July Daily market report
21 July Daily market report21 July Daily market report
21 July Daily market reportQNB Group
 
10 February Daily market report
10 February Daily market report 10 February Daily market report
10 February Daily market report QNB Group
 
QNBFS Daily Market Report April 11, 2021
QNBFS Daily Market Report April 11, 2021QNBFS Daily Market Report April 11, 2021
QNBFS Daily Market Report April 11, 2021QNB Group
 
QNBFS Daily Market Report November 16, 2021
QNBFS Daily Market Report November 16, 2021QNBFS Daily Market Report November 16, 2021
QNBFS Daily Market Report November 16, 2021QNB Group
 
QNBFS Daily Market Report May 09, 2018
QNBFS Daily Market Report May 09, 2018 QNBFS Daily Market Report May 09, 2018
QNBFS Daily Market Report May 09, 2018 QNB Group
 
14 April Daily market report
14 April Daily market report 14 April Daily market report
14 April Daily market report QNB Group
 
QNBFS Daily Market Report March 30, 2020
QNBFS Daily Market Report March 30, 2020QNBFS Daily Market Report March 30, 2020
QNBFS Daily Market Report March 30, 2020QNB Group
 
QNBFS Daily Market Report October 14, 2020
QNBFS Daily Market Report October 14, 2020QNBFS Daily Market Report October 14, 2020
QNBFS Daily Market Report October 14, 2020QNB Group
 
QNBFS Daily Market Report November 07, 2021
QNBFS Daily Market Report November 07, 2021QNBFS Daily Market Report November 07, 2021
QNBFS Daily Market Report November 07, 2021QNB Group
 

Similar a 5 December Daily Market Report (20)

12 November Daily Market Report
12 November Daily Market Report 12 November Daily Market Report
12 November Daily Market Report
 
11 December Daily Market Report
11 December Daily Market Report11 December Daily Market Report
11 December Daily Market Report
 
30 October Daily Market Report
30 October Daily Market Report 30 October Daily Market Report
30 October Daily Market Report
 
14 October Daily market report
14 October Daily market report14 October Daily market report
14 October Daily market report
 
7 November Daily Market Report
7 November Daily Market Report 7 November Daily Market Report
7 November Daily Market Report
 
QNBFS Daily Market Report February 14, 2019
QNBFS Daily Market Report February 14, 2019QNBFS Daily Market Report February 14, 2019
QNBFS Daily Market Report February 14, 2019
 
13 October Daily market report
13 October Daily market report13 October Daily market report
13 October Daily market report
 
QNBFS Daily Market Report February 12, 2020
QNBFS Daily Market Report February 12, 2020QNBFS Daily Market Report February 12, 2020
QNBFS Daily Market Report February 12, 2020
 
15 October Daily market report
15 October Daily market report15 October Daily market report
15 October Daily market report
 
6 November Daily Market Report
6 November Daily Market Report 6 November Daily Market Report
6 November Daily Market Report
 
QNBFS Daily Market Report November 10, 2019
QNBFS Daily Market Report November 10, 2019QNBFS Daily Market Report November 10, 2019
QNBFS Daily Market Report November 10, 2019
 
21 July Daily market report
21 July Daily market report21 July Daily market report
21 July Daily market report
 
10 February Daily market report
10 February Daily market report 10 February Daily market report
10 February Daily market report
 
QNBFS Daily Market Report April 11, 2021
QNBFS Daily Market Report April 11, 2021QNBFS Daily Market Report April 11, 2021
QNBFS Daily Market Report April 11, 2021
 
QNBFS Daily Market Report November 16, 2021
QNBFS Daily Market Report November 16, 2021QNBFS Daily Market Report November 16, 2021
QNBFS Daily Market Report November 16, 2021
 
QNBFS Daily Market Report May 09, 2018
QNBFS Daily Market Report May 09, 2018 QNBFS Daily Market Report May 09, 2018
QNBFS Daily Market Report May 09, 2018
 
14 April Daily market report
14 April Daily market report 14 April Daily market report
14 April Daily market report
 
QNBFS Daily Market Report March 30, 2020
QNBFS Daily Market Report March 30, 2020QNBFS Daily Market Report March 30, 2020
QNBFS Daily Market Report March 30, 2020
 
QNBFS Daily Market Report October 14, 2020
QNBFS Daily Market Report October 14, 2020QNBFS Daily Market Report October 14, 2020
QNBFS Daily Market Report October 14, 2020
 
QNBFS Daily Market Report November 07, 2021
QNBFS Daily Market Report November 07, 2021QNBFS Daily Market Report November 07, 2021
QNBFS Daily Market Report November 07, 2021
 

Más de QNB Group

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

Más de QNB Group (20)

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

Último

RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoRWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoCoinGecko
 
What Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AIWhat Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AI360factors
 
CLMV-Outlook-March-2024-ENG-20240327.pdf
CLMV-Outlook-March-2024-ENG-20240327.pdfCLMV-Outlook-March-2024-ENG-20240327.pdf
CLMV-Outlook-March-2024-ENG-20240327.pdfSCBEICSCB
 
MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.Arifa Saeed
 
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.KumarJayaraman3
 
Introduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an EntrepreneurIntroduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an Entrepreneurabcisahunter
 
India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023SkillCircle
 
Work and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB fundingWork and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB fundingHenry Tapper
 
LIC PRIVATISATION its a bane or boon.pptx
LIC PRIVATISATION its a bane or boon.pptxLIC PRIVATISATION its a bane or boon.pptx
LIC PRIVATISATION its a bane or boon.pptxsonamyadav7097
 
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
20240314 Calibre March 2024 Investor Presentation (FINAL).pdfAdnet Communications
 
Taipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for TourismTaipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for TourismBrian Lin
 
Monthly Market Risk Update: March 2024 [SlideShare]
Monthly Market Risk Update: March 2024 [SlideShare]Monthly Market Risk Update: March 2024 [SlideShare]
Monthly Market Risk Update: March 2024 [SlideShare]Commonwealth
 
Stock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdfStock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdfMichael Silva
 
The Power Laws of Bitcoin: How can an S-curve be a power law?
The Power Laws of Bitcoin: How can an S-curve be a power law?The Power Laws of Bitcoin: How can an S-curve be a power law?
The Power Laws of Bitcoin: How can an S-curve be a power law?Stephen Perrenod
 
Contracts with Interdependent Preferences
Contracts with Interdependent PreferencesContracts with Interdependent Preferences
Contracts with Interdependent PreferencesGRAPE
 
The CBR Covered Bond Investor Roundtable 2024
The CBR Covered Bond Investor Roundtable 2024The CBR Covered Bond Investor Roundtable 2024
The CBR Covered Bond Investor Roundtable 2024Neil Day
 
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...mwangimwangi222
 
ACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINT
ACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINTACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINT
ACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINTindexPub
 

Último (20)

RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoRWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
 
What Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AIWhat Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AI
 
CLMV-Outlook-March-2024-ENG-20240327.pdf
CLMV-Outlook-March-2024-ENG-20240327.pdfCLMV-Outlook-March-2024-ENG-20240327.pdf
CLMV-Outlook-March-2024-ENG-20240327.pdf
 
MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.
 
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
ACCOUNTING FOR BUSINESS.II DEPARTMENTAL ACCOUNTS.
 
Introduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an EntrepreneurIntroduction to Entrepreneurship and Characteristics of an Entrepreneur
Introduction to Entrepreneurship and Characteristics of an Entrepreneur
 
India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023India Economic Survey Complete for the year of 2022 to 2023
India Economic Survey Complete for the year of 2022 to 2023
 
Work and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB fundingWork and Pensions report into UK corporate DB funding
Work and Pensions report into UK corporate DB funding
 
Commercial Bank Economic Capsule - March 2024
Commercial Bank Economic Capsule - March 2024Commercial Bank Economic Capsule - March 2024
Commercial Bank Economic Capsule - March 2024
 
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
New Monthly Enterprises Survey. Issue 21. (01.2024) Ukrainian Business in War...
 
LIC PRIVATISATION its a bane or boon.pptx
LIC PRIVATISATION its a bane or boon.pptxLIC PRIVATISATION its a bane or boon.pptx
LIC PRIVATISATION its a bane or boon.pptx
 
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
20240314 Calibre March 2024 Investor Presentation (FINAL).pdf
 
Taipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for TourismTaipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
 
Monthly Market Risk Update: March 2024 [SlideShare]
Monthly Market Risk Update: March 2024 [SlideShare]Monthly Market Risk Update: March 2024 [SlideShare]
Monthly Market Risk Update: March 2024 [SlideShare]
 
Stock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdfStock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdf
 
The Power Laws of Bitcoin: How can an S-curve be a power law?
The Power Laws of Bitcoin: How can an S-curve be a power law?The Power Laws of Bitcoin: How can an S-curve be a power law?
The Power Laws of Bitcoin: How can an S-curve be a power law?
 
Contracts with Interdependent Preferences
Contracts with Interdependent PreferencesContracts with Interdependent Preferences
Contracts with Interdependent Preferences
 
The CBR Covered Bond Investor Roundtable 2024
The CBR Covered Bond Investor Roundtable 2024The CBR Covered Bond Investor Roundtable 2024
The CBR Covered Bond Investor Roundtable 2024
 
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...
 
ACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINT
ACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINTACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINT
ACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINT
 

5 December Daily Market Report

  • 1. QE Intra-Day Movement Market Indicators 10,420 10,400 10,380 10,360 04 Dec 13 %Chg. 471.4 553,978.1 17.9 5,573 40 26:11 287.7 552,029.0 9.9 4,244 39 8:28 63.9 0.4 80.3 31.3 2.6 – Market Indices 10,340 10,320 9:30 05 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 rose 0.5% to close at 10,389.1. Gains were led by the Real Estate and Transportation indices, gaining 1.5% each. Top gainers were Qatar Cinema & Film Dist. Co. and Qatar Navigation, rising 2.4% each. Among the top losers, Qatar General Ins. & Rein. Co. fell 4.0%, while Widam Food Co. declined 1.7%. Close Total Return All Share Index Banks Industrials Transportation Real Estate Insurance Telecoms Consumer Al Rayan Islamic Index 1D% WTD% YTD% TTM P/E 14,843.65 2,583.42 2,458.63 3,380.92 1,931.71 1,998.51 2,358.94 1,460.90 5,980.01 3,068.07 0.5 0.5 0.6 0.2 1.5 1.5 (1.2) (0.1) 0.3 0.8 0.1 0.0 0.5 (0.6) (0.6) 0.2 (0.3) 0.5 (0.0) 1.2 31.2 28.2 26.1 28.7 44.1 24.0 20.1 37.2 28.0 23.3 N/A 13.1 13.2 12.3 13.1 13.7 9.7 19.9 22.7 15.9 GCC Commentary GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD% Saudi Arabia: The TASI index rose 0.2% to close at 8,243.7. Gains were led by the Transport and Multi Inv. indices, rising 2.7% and 1.3% respectively. Gulf Union Coop. Ins. gained 7.7%, while Saudi Arabia Refineries was up 4.8%. Sharjah Islamic Bank Abu Dhabi 1.53 9.3 20,468.4 66.3 Gulf Cable & Electrical Kuwait 0.90 4.7 195.0 (28.6) Dubai: The DFM index gained 0.9% to close at 3,013.3. The Insurance index rose 1.8%, while the Transportation index was up 1.7%. National General Insurance Co. gained 10.8%, while Emirates NBD was up 3.2%. Bahri Saudi Arabia 26.90 4.3 3,323.9 40.5 Aswak Al Othaim Saudi Arabia 121.75 3.6 102.3 48.0 Abu Dhabi: The ADX benchmark index rose 0.2% to close at 3,939.6. The Industrial and Investment & Financial Services indices gained 1.4% each. Abu Dhabi Ship Building Co. rose 14.8%, while Sharjah Islamic Bank was up 9.3%. Nat. Mobile Telecomm. 1.80 3.4 23.3 (23.1) GCC Top Losers Exchange Kuwait: The KSE index gained 0.4% to close at 7,764.9. The Telecomm. index rose 1.8%, while the Insurance index was up 1.4%. Aayan Leasing & Investments Co. gained 7.9%, while Metal & Recycling Co. was up 7.5%. Abu Dhabi Nat. Hotels Abu Dhabi 2.34 (10.0) 51.2 32.2 Nat. Marine Dredging Abu Dhabi 8.60 (9.9) 1.2 (14.0) Oman: The MSM index fell 0.2% to close at 6,769.0. Losses were led by the Banking & Inv. and Ser. & Ins. indices, declining 0.3% each. Areej Vegetable Oils & Derivatives fell 5.3%, while Cons. Mat. Ind. & Cont. was down 4.0%. Qatar Gen. Ins. & Rein. Qatar 48.00 (4.0) 6.0 4.3 Gulf Pharma. Industry Abu Dhabi 3.02 (2.6) 2,625.9 9.8 Bank Albilad Saudi Arabia 35.00 (1.7) 449.2 64.5 Bahrain: The BHB index gained 0.1% to close at 1,197.5. The Services index rose 0.3%, while the Commercial Banking index was up 0.2%.Khaleeji Commercial Bank gained 4.4%, while Seef Properties was up 3.3%. ## Kuwait # Close 1D% 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) Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD% Qatar Exchange Top Losers Close* 1D% Vol. ‘000 Qatar Cinema & Film Dist. Co. 42.00 2.4 0.3 (26.2) Qatar General Ins. & Rein. Co. 48.00 (4.0) 6.0 4.3 Widam Food Co. 50.80 (1.7) 103.8 (13.6) Qatar Navigation 87.00 2.4 247.7 Mazaya Qatar Real Estate Dev. 11.77 2.3 3,425.3 37.9 7.0 Vodafone Qatar 11.85 2.2 5,805.5 41.9 Ooredoo Barwa Real Estate Co. 30.25 1.9 1,717.4 10.2 Al Ahli Bank Qatar Insurance Co. YTD% 67.00 (0.7) 12.0 24.2 135.50 (0.6) 7.5 30.3 56.70 (0.5) 2.6 15.7 Close* 1D% Vol. ‘000 YTD% Close* 1D% Val. ‘000 YTD% Vodafone Qatar 11.85 2.2 5,805.5 41.9 Vodafone Qatar 11.85 2.2 69,095.4 41.9 Mazaya Qatar Real Estate Dev. 11.77 2.3 3,425.3 7.0 Masraf Al Rayan 34.05 1.2 53,149.3 37.4 Barwa Real Estate Co. 30.25 1.9 1,717.4 10.2 Barwa Real Estate Co. 30.25 1.9 51,507.9 10.2 Masraf Al Rayan 34.05 1.2 1,565.9 37.4 Commercial Bank of Qatar 69.20 0.3 47,872.1 (2.4) Qatar Gas Transport Co. 21.10 1.0 933.3 38.3 Mazaya Qatar Real Estate Dev. 11.77 2.3 40,196.2 7.0 Qatar Exchange Top Vol. Trades Source: Bloomberg (* in QR) Source: Bloomberg (* in QR) Regional Indices Qatar* Dubai Abu Dhabi Saudi Arabia Kuwait Oman Bahrain Qatar Exchange Top Val. Trades Close 1D% WTD% MTD% YTD% 10,389.10 3,013.34 3,939.64 8,243.74 7,764.86 6,769.01 1,197.52 0.5 0.9 0.2 0.2 0.4 (0.2) 0.1 0.1 2.3 2.3 (1.0) (0.3) 0.6 (0.9) 0.1 2.3 2.3 (1.0) (0.3) 0.6 (0.9) 24.3 85.7 49.7 21.2 30.8 17.5 12.4 Exch. Val. Traded ($ mn) 185.22 194.71 178.28 1,028.91 81.33 36.16 0.62 Exchange Mkt. Cap. ($ mn) 152,122.4 71,417.9 112,537.1 448,533.9 109,394.6 24,225.3 49,644.1 P/E** P/B** 13.3 17.8 11.0 16.9 17.0 10.6 8.0 1.8 1.2 1.4 2.1 1.2 1.6 0.8 Dividend Yield 4.4 3.0 4.6 3.6 3.6 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 6
  • 2. Qatar Market Commentary  The QE index rose 0.5% to close at 10,389.1. The Real Estate 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 Sell %* Net (QR) Qatari 72.00% 71.51% 2,351,201.13 Non-Qatari  Qatar Cinema & Film Dist. Co. and Qatar Navigation were the top gainers, rising 2.4% each. Among the top losers, Qatar General Ins. & Rein. Co. fell 4.0%, while Widam Food Co. declined 1.7%. Buy %* 28.00% 28.50% (2,351,201.13) Source: Qatar Exchange (* as a % of traded value)  Volume of shares traded on Thursday rose by 80.3% to 17.9mn from 9.9mn on Wednesday. Further, as compared to the 30-day moving average of 11.8mn, volume for the day was 51.8% higher. Vodafone Qatar and Mazaya Qatar Real Estate Dev. were the most active stocks, contributing 32.4% and 19.1% to the total volume respectively. Ratings and Global Economic Data Ratings Updates Company Al Ahli Bank of Kuwait (ABK) Industrial Bank of Kuwait (IBK) Kuwait Finance House (KFH) Gulf Bank Commercial Bank of Kuwait (CBK) Ahli United Bank (AUB) Kuwait International Bank (KIB) Agency Market Fitch Kuwait Fitch Kuwait Fitch Kuwait Fitch Kuwait Fitch Kuwait Fitch Kuwait Fitch Kuwait Type* LT IDR*/ ST IDR*/ VR/ SR/ SR Floor LT IDR/ ST IDR/ VR*/SR/ SR Floor LT IDR/ ST IDR/ VR/SR/ SR Floor LT IDR/ ST IDR/ VR/ SR/ SR Floor LT IDR/ ST IDR/ VR/ SR/ SR Floor LT IDR*/ ST IDR*/ VR/ SR/ SR Floor* LT IDR*/ ST IDR*/ VR/ SR/ SR Floor Old Rating A-/F2/ bb+/1/AA+/F1/ bb/1/A+ A+/F1/1/A+ A+/F1/bb-/1/A+ A+/F1/ bb/1/A+ A-/F2/bbb-/1/AA-/F2/b+/1/A- New Rating Rating Change Outlook Outlook Change A+*/F1*/bb+/1 /A+* A+/F1/bb+*/1/ A+ * Stable – * Stable – A+/F1/1/A+ – Stable – A+/F1/ bb/1/A+ A+/F1/bb/1/A+ A+*/F1*/bbb/1/A+* A+*/F1*/b+/1/ A+* – Stable – – Stable – * Stable – * Stable – Source: News reports (* LT – Long Term, ST – Short Term, FSR- Financial Strength Rating, FCR – Foreign Credit Rating, LCR – Local Currency Rating, IDR – Issuer Default Rating, SR – Support Rating, LC – Local Currency, VR- Viability Rating) (*– Ratings revised) Global Economic Data Date Market Source Indicator Period Actual Consensus Previous 12/05 US 12/05 US Challenger, Gray & Christmas IPSOS Public Affairs Challenger Job Cuts YoY RBC Consumer Outlook Index November -20.60% – -4.20% December 49.7 – 12/05 US Department of Labor Initial Jobless Claims 47.0 30-November 298K 320K 321K 12/05 12/05 US Department of Labor US Bureau of Eco. Analysis Continuing Claims 23-November 2744K 2800K 2765K GDP Annualized QoQ 3Q2013 3.60% 3.10% 12/05 US 2.80% Bureau of Eco. Analysis Personal Consumption 3Q2013 1.40% 1.50% 12/05 1.50% US Bureau of Eco. Analysis GDP Price Index 3Q2013 2.00% 1.90% 1.90% 12/05 US Bureau of Eco. Analysis Core PCE QoQ 3Q2013 1.50% 1.40% 1.50% 12/05 US Bloomberg Bloomberg Consumer Comfort 1-December -31.3 – -33.7 12/05 US US Census Bureau Factory Orders October -0.90% -1.00% 1.80% 12/06 US Bureau of Labor Stat. Change in Nonfarm Payrolls November 203K 185K 200K 12/06 US Bloomberg Two-Month Payroll Net Revision November 8K – – 12/06 US Bureau of Labor Stat. Change in Private Payrolls November 196K 180K 214K 12/06 US Bureau of Labor Stat. Change in Manufact. Payrolls November 27K 10K 16K 12/06 US Bureau of Labor Stat. Average Hourly Earnings MoM November 0.20% 0.20% 0.10% 12/06 US Bureau of Labor Stat. Change in Household Employment November 818 735 -735 12/06 US Bureau of Labor Stat. Underemployment Rate November 13.20% – 13.80% 12/06 US Bureau of Labor Stat. Labor Force Participation Rate November 63.00% – 62.80% 12/06 US Bureau of Eco.Analysis Personal Income October -0.10% 0.30% 0.50% 12/06 US Bureau of Eco.Analysis Personal Spending October 0.30% 0.20% 0.20% 12/06 US Bureau of Eco.Analysis PCE Deflator MoM October 0.00% 0.00% 0.10% 12/06 US Bureau of Eco.Analysis PCE Deflator YoY October 0.70% 0.70% 0.90% 12/06 US Bureau of Eco.Analysis PCE Core MoM October 0.10% 0.10% 0.10% 12/06 US Bureau of Eco.Analysis PCE Core YoY October 1.10% 1.10% 1.20% Page 2 of 6
  • 3. 12/07 US Federal Reserve Consumer Credit October $18.186B $14.500B $16.293B 12/05 EU European Central Bank ECB Announces Interest Rates 5-December 0.25% 0.25% 0.25% 12/05 EU European Central Bank ECB Deposit Facility Rate 5-December 0.00% 0.00% 0.00% 12/06 France Ministry of the Economy Trade Balance October -4697M -5500M -5636M 12/06 France Ministry of the Economy Budget Balance YTD October -86.0B – -80.8B 12/06 Germany Factory Orders MoM October -2.20% -1.00% 3.10% 12/06 Germany Factory Orders WDA YoY October 1.90% 4.10% 7.80% 12/05 UK Deutsche Bundesbank Bundesministerium fur Wirtscha Lloyds Bank Lloyds Employment Confidence November -14 – -11 12/05 UK Bank of England BOE Asset Purchase Target December 375B 375B 375B 12/06 UK Lloyds TSB Halifax House Prices MoM November 1.10% 0.80% 1.30% 12/06 UK Lloyds TSB Halifax House Price 3Mths/Year November 7.70% 7.30% 6.90% 12/05 Spain INE Industrial Output WDA YoY October -0.70% -0.10% 1.20% 12/06 Japan Ministry of Finance Official Reserve Assets November $1275.4B – $1276.8B Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted) News Qatar  QCB to issue QR4bn bonds, sukuk on December 10 – The Qatar Central Bank (QCB) is set to issue three-year and fiveyear government bonds and sukuk worth QR4bn on December 10, 2013. Government bonds valued QR3bn and sukuk worth QR1bn will be issued. (QCB)  QNB holds strategy conference to shape its vision for MENA – QNB Group convened a strategy conference titled “Shaping a MENA Icon” in Dubai. Chaired by Ali Ahmed alKuwari, QNB’s Acting Group Chief Executive, the two-day meeting was attended by QNB’s senior management team, general managers from relevant countries and CEOs from subsidiary companies. The purpose of the meeting was to discuss relevant topics that would enhance the strategic development of the organization and help secure the bank’s vision of becoming a MENA icon. (Gult-Times.com)  Tasweeq, JCCP sign MoU for T&D programs – Qatar International Petroleum Marketing Company (Tasweeq) has signed a memorandum of understanding (MoU) with Japan Cooperation Center, Petroleum (JCCP) for exchange of training & development programs in the oil & gas sector. The agreement was signed by Saad al-Kuwari, CEO of Tasweeq and Masataka Sase, JCCP’s Executive Director. The objective of this deal is to gain access to various technical and non-technical courses organized by JCCP, exposing participants of both organizations to industry best practices and expertise. (Gulftimes.com)  Turkey to import LNG worth $350mn from Qatar – Turkey’s Minister of Energy & Natural Resources Taner Yildiz said the country will import liquid natural gas worth $350mn from Qatar to meet its increasing demand. Turkey has placed an order for five cargoes of LNG from Qatar to meet its energy demand for December, January and February. (Bloomberg)  Turkey: Qatar interested in Afsin-Elbistan power project – Turkish energy minister Taner Yildiz said that Qatar is considering investing in Turkey’s Afsin-Elbistan coal-fired power plant project, from which the UAE dropped out earlier this year. These talks could result in a final deal within the next two to three months. Turkey is keen to make the most of its own coal resources to reduce dependence on imported natural gas. (Gulftimes.com)  ORDS closes inaugural $1.25bn sukuk – Ooredoo (ORDS) has successfully closed its inaugural $1.25bn sukuk under its Trust Certificate Program. This sukuk that will mature on December 3, 2018 was issued by Ooredoo Tamweel Ltd. and has a profit rate of 3.039%. The net proceeds from this sale will be used by ORDS for general corporate purposes including refinancing of existing indebtedness. (DFM)  Law firm Charles Russell launches office in Qatar – Charles Russell LLP, a leading international law firm based in Bahrain has expanded its operations to Qatar by launching a new office in Doha. The Doha office will provide Qatari clients with specialized services in real estate, construction, banking and sports sectors, along with representation in litigation and arbitration, advice on intellectual property in the region, as well as corporate work and private client counsel. (The Peninsula.com) International  QNB: Chinese economy set for a rebound in 2014 – According to QNB Group, the Chinese economy seems to be taking off again though many feared a hard landing for the country in 2012 and early 2013. Chinese authorities have taken various measures to mitigate some of the risks earlier this year, including concerns about excessive credit. QNB Group expects the Chinese economy to grow at around 8-8.5% in 2014, after the recent announcement of a major reform package and positive economic news. QNB Group said the reforms will be positive for long-term growth, but implementation will be complex. The relaxation of capital controls and liberalization of the exchange rate should help encourage foreign investment. This should also support the continued steady appreciation of the Chinese currency. Overall, QNB believes the Chinese economy is ready for growth next year, after a brief slowdown in 2013. This is part of China’s long-term economic transformation from export-oriented to consumer-based economy. (GulfTimes.com)  WTO signs scaled-down trade pact in Bali – Members of the World Trade Organization reached a scaled-back deal to liberalize global commerce, keeping alive foundering talks with a pact that will still take months, if not years, to fully take effect. The modest deal agreed to by the WTO's 159 members after four days of meeting fell far short of the goal set by negotiators when they launched talks in Doha, way back in 2001. The new agreement could add billions of dollars to the $65 trillion global economy by making it easier for goods to pass through customs. (WSJ)  US Fed’s December tapering odds double in Bloomberg survey – The share of economists predicting the Federal Reserve will reduce its bond buying in December 2013 doubled after a US government report showed back-to-back monthly payroll gains of 200,000 for the first time in almost a year. About 34% of economists surveyed by Bloomberg expect the Federal Page 3 of 6
  • 4. Open Market Committee to begin reducing its bond purchases at its December 17-18 meeting. In November, 53% predicted a tapering in March 2014, as compared to 40% in yesterday’s poll of 35 economists. (Bloomberg)  Bloomberg: China reforms may add less than 0.5% to growth – According to a Bloomberg news survey, China’s latest economic reforms will add less than half a percentage point to its annual growth this decade. Fourteen out of 19 economists surveyed see policies from a Communist Party summit last month boosting the GDP either by a negligible amount or less than 0.5% a year. Ten analysts say China will need a small amount of monetary, fiscal and credit stimulus to meet the government’s bottom line of 7% growth over the next five years. These forecasts dovetail with increasing speculation that policymakers will set the lowest annual growth target since 2004 at a gathering this month. (Bloomberg)  Greek lawmakers approve 2014 budget to map debt-relief course – Greek legislators approved the country’s budget for 2014, which maps a course for the debt-laden country to secure additional debt relief from the euro area and the International Monetary Fund. Under the bailout condition from the European Commission, the IMF and the European Central Bank, Greece posting a primary surplus will qualify it for additional debt relief. The government and lender troika have been locked in talks since September 2013, with both the sides disagreeing over fiscal measures needed for achieving the 2014 budget projections. The lender troika will send a negotiating team back to Athens in January 2014, though technical discussions will continue in Athens next week. The government’s surplus before interest costs will be at €812mn this year, which will rise to €2.96bn in 2014, or 1.6% of GDP. The country’s GDP is expected to expand 0.6% in 2014 after contracting 4% this year. Public debt is seen peaking at 176% of GDP this year. (Bloomberg) Regional  S&P affirms Kingdom’s ratings at AA-/A-1+ – S&P has affirmed Saudi Arabia’s long and short-term foreign and local currency sovereign credit ratings at “AA-/A-1+” with a Positive outlook. These ratings are supported by the Kingdom’s strong external and fiscal position that has been built over several years. By managing high oil revenues prudently, the government has virtually eliminated its general government debt, generating additional fiscal space for countercyclical policies. (Bloomberg)  Saudi bank loans cooling to healthy levels – Saudi Arabian banks are scaling back their lending as the withdrawal of domestic stimulus slows down economic growth. Bank loan growth to the private sector stood at 13% in October 2013, the slowest rate of expansion since May last year. While it was the sixth straight monthly drop in growth, credit expansion in the Kingdom remains faster than in the UAE and Kuwait. According to a Bloomberg survey, the winding down of almost $800bn in stimulus measures introduced since 2008 and restrictions on foreign workers are forecast to trim the economic growth this year to 4.2%, from 5.1% in 2012. Growth in the Saudi economy stood 3.1% in the third quarter, as compared to 5.7% a year earlier. (Gulf-Times.com)  ICD partners with PIF, PIB to launch specialized Ijara Co in Palestine – The Islamic Corporation for the Development of the Private Sector (ICD) has partnered with the Palestine Investment Fund (PIF) and the Palestine Islamic Bank (PIB) to launch a specialized Ijara company, “Palestine Ijara Company”. This news company will offer asset-based Ijara financing to SMEs in various sectors such as agri-business, construction, education, healthcare and tourism. The financing ranging from $100,000 to $1mn per transaction, aims to support SME operations and in turn create new job opportunities in Palestine. (GulfBase.com)  JEC appoints new CEO, completes piling work for Kingdom Tower – The Jeddah Economic Company (JEC) has appointed Mounib Hammoud as the company’s new CEO. Hammoud brings with him an extensive experience of around 20 years in urban planning and real estate development in the MENA region. Meanwhile, JEC has announced the completion of piling work for the Kingdom Tower. This tower will give Jeddah and Saudi Arabia a unique modern landmark of a world class standard. (GulfBase.com)  ATMC obtains SAMA’s approval for insurance products – The Alinma Tokio Marine (ATMC) has obtained a temporary approval from the Saudi Arabian Monetary Agency (SAMA) to use its insurance products for six months. (Tadawul)  Fitch affirms Ras Al Khaimah’s ratings at A – Fitch Ratings has affirmed its “A” rating for long-term foreign and local currency issuer default ratings (IDRs) of Ras Al Khaimah with a Stable outlook. Fitch has also affirmed the Emirate’s short-term foreign currency IDR at “F1”, while the country ceiling is affirmed at “AA+”. These ratings balance the advantages of RAK's membership of the UAE, its low debt and strong fiscal current surplus against weaknesses in data quality and the macroeconomic environment. (Reuters)  DED: Dubai’s 4Q2013 business outlook improves remarkably – According to a survey conducted by Dubai’s Department of Economic Development (DED), the Emirate’s overall business outlook for 4Q2013 has improved remarkably, since many businesses are looking forward to expand over the next 12 months expecting increased sales volumes and profits. This quarterly survey covering 508 companies in Dubai has revealed that the overall Business Confidence Index (BCI) has increased 17.3 points YoY in 3Q2013. Dubai’s BCI stood at 141.6 points in 3Q2013, indicating a rise of 17.3% QoQ due to improved economic activity expected in 4Q2013, owing to the festival season and seasonal tourist inflows. The business outlook for 4Q2013 has improved remarkably with 58% of respondents expecting an improvement in business conditions. Meanwhile, real estate & construction companies are expecting new projects in the regional market, which will boost the overall business activity in the Emirate. The survey also showed that 57% of the transportation companies expect better business in 4Q2013 due to higher demand from all major sectors. (GulfBase.com)  ICD acquires Atlantis Hotel from Istithmar World – The Investment Corporation of Dubai (ICD) has acquired Atlantis Hotel from Istithmar World. This hotel was established in 2008 as a JV between Istithmar World and Kerzner International. The value of acquisition of the 1,539-room iconic hotel located on Palm Jumeirah Island was not disclosed. (GulfBase.com)  Arabtec wins $1bn construction contract in Al Ain – Dubaibased Arabtec Holding along with its JV partners has won a contract worth $1bn to build a hospital in Al Ain in the UAE. This new hospital will be built by 2018 under the AED3.3bn contract that has been awarded by the Abu Dhabi General Services Company. (Reuters)  Musanada signs 2 contracts for Abu Dhabi-Dubai Road project – The Abu Dhabi General Services Company (Musanada) has signed two contracts for the implementation of Abu Dhabi-Dubai Road project. This 62-kilometer road is an extension to the Mohammad bin Zayed Street from Saih Shuaib area to Khalifa Industrial Zone Abu Dhabi (KIZAD). The project’s Page 4 of 6
  • 5. phase one includes 34 kilometers of road and three key junctions to be implemented by Ghantoot Transport & General Contracting Establishment at a cost of AED1.297bn. The phase two, which will be implemented by Tristar Engineering & Construction and Salini Costruttori at a cost of AED840mn, consists of 28 roads and three key intersections between Al Ajban Street and Al Sweihan Road. Both the projects will be completed within a span of 30 months from the date of the commencement. (Bloomberg)  DFM accredits Al Dhabi BS&IC to provide margin trading – The Dubai Financial Market (DFM) has accredited Al Dhabi Brokerage and Securities & Investment Company (Al Dhabi BS&IC) to provide margin trading, which takes the total number of DFM brokerage firms providing this service to 11. Margin trading allows brokerage companies to fund a percentage of the market value of securities traded. (DFM)  Oman Air signs code share deal with Turkish Airlines – Oman Air has signed a code share agreement with Turkish Airlines that will cover all services between Oman and Istanbul. This agreement will allow passengers to benefit from the products and services that are offered by both Oman Air and Turkish Airlines on Muscat-Istanbul routes. (GulfBase.com)  S&P upgrades GIB from BBB- to BBB with Positive outlook – S&P has upgraded the Gulf International Bank’s (GIB) Stand Alone Credit Profile (SACP) from “BBB-“to “BBB”. The outlook on the rating has also been upgraded from Stable to Positive. Meanwhile, GIB’s long-term and short-term issuer credit ratings were affirmed at “BBB+/A-2” respectively. (GulfBase.com)  KFED signs framework deal with SFD to boost Egyptian SMEs – The Khalifa Fund for Enterprise Development (KFED) has entered into a framework agreement with Egypt’s Social Fund for Development (SFD) to boost opportunities for small & micro-sized enterprises (SMEs) in Egypt. Under this agreement, the UAE will provide AED736mn through KFED to SFD for catalyzing the establishment of SMEs. This agreement aims to create a mutually beneficial framework for cooperation between KFED and SFD through investments in projects. This framework will develop impoverished areas throughout the country, with a focus on expanding social funding programs for women and youth for enhancing job opportunities and generating income. (GulfBase.com)  Khalifa Port handles 1mn containers – Abu Dhabi’s Khalifa Port has handled 1mn containers since it began its commercial operations a year ago. The port has the capacity to handle 2.5mn twenty foot equivalent units (TEUs) with its 6 super panamax ship-to-shore cranes, 30 automated stacking cranes and 20 straddle carriers. This capacity will be further developed as the trade increases and the market demand rises. (GulfBase.com)  Abu Dhabi Ship Building expects $272mn deal – Abu Dhabi Ship Building Co, the state-linked builder of commercial and naval vessels, is expected to sign an AED1bn contract with the UAE. The contract to build two navy ships may be signed this year. According to Muhammad Shahid Razzaq Head of Finance, the company is also negotiating for a higher valued deal that could be finalized in 2014. (Gulftimes.com)  ADNOC to buy gasoline from BP, Total SA for 2014 – The Abu Dhabi National Oil Company (ADNOC) has agreed to buy gasoline from UK-based BP and France’s Total SA for 2014. ADNOC will buy about 18 cargoes of gasoline from January to April 2014. (Bloomberg)  Air India signs deal with Etihad to sell five Boeing 777s – Air India has signed a deal to sell its five wide-body Boeing 777 aircraft to Etihad Airways. These planes have an average age of six years and are likely to be delivered to Etihad by March 2014. (Bloomberg)  KPNC awards KD72mn contract to AMEC – The Kuwait National Petroleum Company (KPNC) has awarded a five-year contract worth KD72mn to UK-based AMEC to provide for Kuwait’s Mina Al Ahmadi, Mina Abdullah and Shuaiba refineries. Under this contract, AMEC will be responsible for services that include feasibility studies, front-end engineering design (FEED), project management services and training of Kuwaiti engineers. The contract follows KNPC’s plans to increase Kuwait’s refining capacity under Kuwait’s Clean Fuels Project. (Bloomberg) Page 5 of 6
  • 6. Rebased Performance Daily Index Performance 160.0 150.0 140.0 130.0 120.0 110.0 100.0 90.0 80.0 0.9% 149.3 0.8% 0.5% 130.4 118.5 0.4% 0.4% 0.2% 0.2% 0.1% 0.0% S&P Pan Arab S&P GCC Source: Bloomberg Asset/Currency Performance Gold/Ounce Silver/Ounce Crude Oil (Brent)/Barrel (FM Future) Natural Gas (Henry Hub)/MMBtu North American Spot LPG Propane Price North American Spot LPG Normal Butane Price Euro Yen Close ($) 1D% WTD% YTD% Global Indices Performance 1,229.05 0.3 (1.9) (26.6) DJ Industrial 19.51 0.6 (2.4) (35.7) S&P 500 111.61 0.6 1.8 0.5 4.14 4.1 9.3 0.8 9.5 41.1 139.50 0.5 0.5 (21.0) 1.37 0.3 0.8 3.9 102.91 1.1 0.5 1.63 0.1 (0.1) 1.12 0.5 1.6 RUB BRL 20.9 127.00 CHF USD Index Dubai Source: Bloomberg GBP AUD Oman Jul-13 Bahrain May-12 Dec-12 Abu Dhabi QE Index Oct-11 Kuwait Aug-10 Mar-11 (0.2%) Qatar (0.4%) Saudi Arabia Jan-10 1.2% 18.6 NASDAQ 100 STOXX 600 DAX FTSE 100 CAC 40 Nikkei Close 1D% WTD% YTD% 16,020.20 1.3 (0.4) 22.3 1,805.09 1.1 (0.0) 26.6 4,062.52 0.7 0.1 34.5 316.50 0.7 (2.7) 13.2 9,172.41 1.0 (2.5) 20.5 6,551.99 0.8 (1.5) 11.1 4,129.37 0.7 (3.9) 13.4 15,299.86 0.8 (2.3) 47.2 0.6 MSCI EM 1,002.20 0.4 (1.6) (5.0) 2.6 SHANGHAI SE Composite 2,237.11 (0.4) 0.7 (1.4) HANG SENG 0.91 0.4 (0.1) (12.4) 23,743.10 0.1 (0.6) 4.8 80.32 0.1 (0.5) 0.7 BSE SENSEX 20,996.53 0.2 1.0 8.1 7.2 Bovespa 50,944.27 0.3 (2.9) (16.4) 1,390.61 2.1 (0.9) (8.9) 32.72 0.43 (0.7) 1.3 (1.2) 0.2 (12.0) Source: Bloomberg 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 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 6 of 6