QE welcomes MSCI upgrade - Qatar Tribune

IKEA RECORDS 

STRONG SALES 

IN QATAR PG 23 

THURSDAY JUNE 13, 2013 

IRAQ EYES $6TN REVENUE 

FROM ENERGY SECTOR 

BY 2030 PG 22 

DOW JONES 15,059 QE 9,517.95 SENSEX 19,041 

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BULLION 

MARKET 

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PRICE PERCENTAGE 

1,389.90 +0.94% 

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PRICE PERCENTAGE 

21.85 +0.92% 

CRUDE 

OIL 

PRICE 

PERCENTAGE 

BRENT 103.87 +0.88% 

WTI 96.17 +0.83% 

TODAY’S BUSINESS QUOTE 

The three great essentials to achieve anything worth while 

are, first, hard work; second, stick-to-itiveness; third, 

common sense. – Thomas Edison 

QCB governor 

for more flexible 

currency policy 

REUTERS 

DUBAI 

A STATEMENT on foreign 

exchange policy by Qatar’s 

central bank governor has 

struck a nerve in financial 

markets across the Gulf, 

reminding investors that 

decades of currency stability 

will not last forever. 

Five of the six oil 

exporters in the Gulf 

Cooperation Council (GCC) 

- Saudi Arabia, the United 

Arab Emirates, Qatar, 

Oman and Bahrain - fix 

their currencies against the 

US dollar under arrangements 

dating back as far as 

the 1970s. 

But late last month, Qatar 

central bank chief Sheikh 

Abdullah bin Saud al-Thani 

suggested economic trends 

might eventually push Qatar 

into allowing its currency to 

fluctuate. 

In comments to Reuters, 

he said the country might 

one day need a more flexible 

currency, though it was not 

at present considering any 

change to the riyal’s peg. 

“With increasing integration 

in international trade, 

services, and asset markets, 

a higher degree of exchange 

rate flexibility may become 

more desirable to ensure 

external stability and international 

competitiveness of 

our exports,” Sheikh 

Abdullah said. 

It was believed to be the 

first time in years that a top 

Gulf policy maker had publicly 

hinted at the possibility 

of a country removing its 

peg and letting its exchange 

rate fluctuate more freely in 

response to market forces. 

In reaction, prices of 12- 

month foreign exchange 

forward contracts for 

Qatar’s riyal, Saudi Arabia’s 

riyal and the United Arab 

Emirates dirham - agreements 

to trade them versus 

the dollar a year from now - 

all fell slightly. 

Investors were assuming 

that since those countries 

ran big trade surpluses, any 

greater exchange rate freedom 

would, initially at least, 

let their currencies to appreciate 

against the dollar, 

traders said. 

So far, Gulf policy makers 

outside Qatar have not 

echoed Sheikh Abdullah, and 

GCC countries will not abandon 

their currency pegs 

lightly. The arrangements 

have mostly worked well for 

them over the decades, providing 

a source of predictability 

in one of the 

world’s most volatile regions. 

The pegs have helped to 

prevent any runs on Gulf 

currencies during crises 

such as the Iraq wars and 

tensions over Iran’s disputed 

nuclear programme. 

Also, Gulf economies 

depend heavily on oil 

It was believed to 

be the first time in 

years that a top 

Gulf policy maker 

had publicly hinted 

at the possibility 

of a country 

removing its peg 

and letting its 

exchange rate 

fluctuate more 

freely in response 

to market forces. 

exports and oil is internationally 

traded in dollars, 

making export earnings 

more reliable. 

The currency pegs limit 

balance sheet risks since 

much of the Gulf’s external 

assets are held in dollars, 

while Gulf monetary policies 

remain predictable, 

widely understood and easy 

to administer, said Farouk 

Soussa, Citigroup’s chief 

economist for the region. 

“So long as oil remains 

priced in US dollars and the 

region’s exports are dominated 

by oil, then there will 

be strong reasons for sticking 

to the current pegs,” 

said Simon Evenett, professor 

of economics at the 

University of St Gallen in 

Switzerland. 

QE welcomes MSCI upgrade 

SATYENDRA PATHAK 

DOHA 

QATAR Exchange CEO 

Rashid bin Ali al Mansoori 

on Wednesday expressed his 

satisfaction over MSCI’s 

decision to upgrade the 

staus of the Qatari market to 

emerging market. 

“It clearly and evidently 

reflects the recognition of 

the positive steps made by 

Qatar Exchange over the 

past years to meet the 

Morgan Stanley Capital 

International (MSCI) 

requirements, in terms of 

the development of the market 

infrastructure and the 

implementation of a number 

of important projects 

and initiatives, which were 

welcomed by the international 

financial and investment 

institutions,” 

Mansoori said. 

Mansoori stated that the 

Qatar Exchange, which has a 

market cap of over QR 512 

billion (over $140 billion), is 

one of the leading stock 

exchanges in the GCC and 

MENA regions, and since it 

was established in 1995, 

Qatar Exchange has made 

great strides in the development 

of infrastructure, diversification 

of investment tools 

available for trading, and 

launching of many initiatives 

that have helped various 

types of investors to enter the 

market and invest in a more 

easily efficient and orderly 

manner. 

“Qatar Exchange has also 

achieved a great success in 

complying with the best 

international practices at 

various levels, including regulatory 

issues, operational 

efficiency and the development 

of trading and post 

trading environments,” 

Mansoori said. 

Mansoori said, “This decision 

comes as a natural 

result of the efforts pursued 

by Qatar Exchange and 

other concerned parties in 

Qatar’s financial markets 

industry. The MSCI upgrade 

is likely to draw more international 

investors into the 

country’s equity markets, 

since many are interested to 

invest in emerging markets.” 

It is to be noted that the 

upgrade of Qatar status 

The Qatar Exchange building, in Doha. 

Qatar, UAE markets rally 

SATYENDRA PATHAK 

DOHA 

STOCK markets in Qatar 

and the United Arab 

Emirates rallied to multiyear 

highs on Wednesday 

after index compiler MSCI 

promoted them to emerging-markets 

status, a move 

that is expected to channel 

hundreds of millions of dollars 

in fresh foreign investments 

to the Arabian Gulf 

states. 

The Qatar Exchange 

benchmark index rose 163 

points (1.8 percent) to 9518 

points. Dubai shares closed 

1.6 percent higher at 

2395.65 points; while Abu 

Dhabi’s market rose 2.7 percent 

to 3661.09 points 

The upgrade from frontier 

to emerging-market 

status will make it easier for 

large fund managers tracking 

the MSCI indexes to buy 

Qatari and UAE shares, 

such as Dubai property 

developer Emaar, the 

National Bank of Abu Dhabi 

and Industries Qatar. 

In announcing the 

reflects meeting the MSCI 

qualitative requirements for 

inclusion in Emerging markets, 

especially the degree of 

openness of the market to 

the international investment 

community and an established 

and well-tested operational 

framework. 

In addition to that, the 

Qatari market has also met 

the quantitative requirements 

and fulfilled the minimum 

size and liquidity 

requirements as defined for 

Emerging Markets. 

In this regard, it is worth 

mentioning that the MSCI 

Emerging Markets Index is 

one of the most widely used 

indices to gauge the performance 

of emerging equity 

markets. According to 

MSCI, the reclassification of 

upgrade, MSCI said it welcomed 

the progress made in 

raising limits on foreign 

ownership of companies listed 

on the Qatar Exchange, 

though it said that Qatar’s 25 

percent ceiling on overseas 

ownership was still set too 

low by emerging-market 

standards. 

“Qatari authorities should 

actively continue to increase 

them above 25 percent in 

order to mitigate potential 

issues arising from increasing 

foreign capital inflows,” 

MSCI said. 

MSCI Qatar will coincide 

with the May 2014 Semi- 

Annual Index Review. 

MSCI is a global financial 

institution and a leading 

provider of investment decision 

support tools worldwide, 

including indices, 

portfolio risk and performance 

analytics and corporate 

governance services. 

Qatar Financial Markets 

Authority (QFMA) CEO 

Nasser Ahmad al Shaibi said 

that the decision came after 

MSCI’s assessment and 

review of the legislations 

related to securities market 

in Qatar and communicating 

with the concerned parties 

regarding the legislations. 

The QFMA, in cooperation 

with Qatar Exchange 

issued several legislations 

and operational procedures 

such as Delivery-Versus- 

Payment (DVP) mechanism, 

Liquidity Provider Activity 

and Securities Lending and 

Borrowing Activity to support 

the inclusion of Qatari 

capital market in the MSCI 

emerging market index 

using the best international 

practices and standards. 

Shaibi added that Qatar 

Financial Markets Authority 

in corporation with the 

Qatar Exchange and the 

concerned parties will continue 

to develop the legislations 

to conform with the 

capital markets developments 

according to international 

best practices and in 

line with the needs and privacy 

of the local market. 

QUICK READ 

Austrian firm in $2.5bn 

Qatar metro deal 

AUSTRIAN construction firm Porr 

announced on Wednesday it was to sign 

a 1.89-billion-euro ($2.5-billion) contract 

to build one of Doha’s new metro 

lines, as part of a consortium with two 

Qatari partners, SBG and HBK. 

This was the second such contract for 

European firms in three days. 

The “Green Line” deal was to be 

signed in mid-June with construction on 

the 16.6-kilometre (10.3-mile) metro 

line — one of four planned in the 

wealthy Gulf state — and six stations 

due to take five years, Porr said in a 

statement. Newspaper reports had said 

last week that Qatar Rail had awarded 

four contracts worth a total $8.2 billion 

in the first phase of construction for the 

Doha Metro, including to Porr. But they 

gave no breakdown on the value of each 

contract. (DOW JONES) 

Ooredoo names new 

board member 

OOREDOO on Wednesday announced 

that Omer Abdulaziz Hamed al 

Hamed al Marwani has joined its 

Board of Directors. Since joining the 

Qatar Investment Authority in 2006, 

Marwani has served as Director of 

Finance Affairs Department, and has 

been Acting COO since November 

2012. Concurrently, Marwani served 

as Director of Finance and 

Administration Affairs Department at 

the Supreme Council for Economic 

Affairs and Investments since 2003. 

On behalf of the Board, the 

Chairman Sheikh Abdullah bin 

Mohammed bin Saud al Thani 

thanked outgoing Board Member 

Tami Hajar al Binali for his service 

and warmly welcomed Marwani to 

his new position on the Ooredoo 

Board. (TNN) 

EXCHANGE RATE 

Currency buy QR sell QR 

US 3.6315 3.6485 

Euro 4.8025 4.8581 

Pound Sterling 5.6174 5.6996 

Indian Rupee 0.0621 0.0635 

Pakistani Rupee 0000 0.0373 

Philippine Peso 0.0831 0.0857 

Sri Lankan Rupee 0000 0.0293 

Bangladeshi Taka 0000 0.0471 

Nepalese Rupee 0000 0.0406 

Japanese Yen 0.03730 0.03821 

Kuwaiti Dinar 12.6650 12.8750 

Saudi Riyal 0.9570 0.9741 

Omani Riyal 9.2460 9.4860 

UAE Dirham 0.9770 0.9938 

Bahraini Dinar 9.5410 9.696 

Source: www.dohabank.com.qa 

QP, Qapco sign tech 

deal for Sejeel project 

QATAR Petroleum (QP) and Qatar 

Petrochemical Company Limited (Qapco) 

signed on Wednesday the technology 

licence contracts for the Al Sejeel 

Petrochemical Complex, which will be 

built in Ras Laffan Industrial City. QP and 

Qapco signed in February 2012 the 

Heads of Agreement (HoA) to jointly 

develop this mega-petrochemical complex 

in Ras Laffan, with QP and Qapco holding 

80 percent and 20 percent equity interest, 

respectively. The Al Sejeel 

Petrochemical Project is scheduled for 

completion in 2018 and it will feature a 

world-scale mixed-feed steam cracker, 

with the original mixed feedstock of 

ethane, butane, and naphtha, thus allowing 

extra flexibility and diversity in terms 

of products. The selection of the licencors 

is a highly strategical and mark and highlights 

the evolution of the project. (QNA) 

Rents, energy costs 

rise 6.5% in Qatar 

RENTS and energy 

costs, which 

account for over 

32 percent of 

consumer 

expenses, rose 

6.5 percent from 

a year earlier, 

according to 

Qatar’s Statistics 

Authority (QSA) 

consumer price 

data released on 

Wednesday for May. 

Food prices, which make up 13 percent 

of the basket, increased 2.4 percent. 

Analysts polled by Reuters in April 

expected the world’s number 1 liquefied 

natural gas exporter to see average inflation 

of 3.5 percent in 2013 after 1.8 

percent last year. (TNN)

22 Thursday, June 13, 2013 

Fitch revises 

India’s outlook 

to stable 

Global Economy 

Iraq eyes $6 trillion revenue 

from energy sector by 2030 

TRIBUNE NEWS NETWORK 

NEW DELHI 

FITCH Ratings has revised 

India’s outlook to stable from 

negative and affirmed its Long- 

Term Foreign- and Local- 

Currency Issuer Default 

Ratings (IDRs) at ‘BBB-’. 

The agency has also affirmed 

the Country Ceiling at ‘BBB-’ 

and the Short-Term Foreign- 

Currency IDR at ‘F3’. 

The revision of the Outlook 

to Stable reflects the measures 

taken by the government to 

contain the budget deficit, 

including the commitments 

made in the FY14 budget, as 

well as some, albeit limited, 

progress in addressing some of 

the structural impediments to 

investment and economic 

growth. 

The outlook revision and the 

affirmation of India’s investment-grade 

ratings reflect the 

following factors: 

The authorities were successful 

in containing the 

upward pressure on the central 

government budget deficit in 

the face of a weaker-thanexpected 

economy. The central 

government fiscal deficit was 

4.9 percent of GDP in FY13 

(financial year ended March 

2013), compared with 5.7 percent 

in FY12 and Fitch’s forecast 

when it placed India’s ratings 

on negative outlook in 

June 2012 of close to 6 percent. 

Fitch expects the government 

to broadly meet its FY14 

budget deficit target of 4.8 percent 

of GDP (including privatisation 

receipts) and to gradually 

reduce the high level of public 

debt over the medium-term. 

General government gross 

debt (GGGD) as a share of 

GDP was at 64 percent in 

FYE13, significantly higher 

than both the ‘BB’ and ‘BBB’ 

peer rating group medians of 

33 percent and 40 percent 

respectively. 

However, it is substantially 

below the level of 79 percent of 

GDP when Fitch upgraded 

India to ‘BBB-’ in 2006. 

The authorities have also 

begun to address structural 

factors that have weakened the 

investment climate and growth 

prospects, notably regulatory 

uncertainty, delays in government 

approvals of investment 

projects and supply bottlenecks, 

for example, in the 

power and mining sectors. 

The establishment of a 

Cabinet Committee on 

Investment should help to fasttrack 

infrastructure-related 

projects and the government 

The recent 

weakness of the 

exchange rate 

may, however, 

complicate policy 

management and 

limit the scope for 

further cuts in RBI 

policy rates. 

has made it easier for foreigndirect 

investment to access a 

range of industries. 

Nonetheless, the investment 

climate could benefit from further 

reforms, such as the new 

land acquisition bill, some liberalisation 

of insurance and 

pension provision and public 

procurement, which are pending 

parliamentary approval. 

Addressing the structural 

issues in the power and mining 

sectors would further boost 

investor confidence. 

Inflation pressures have 

begun to show more pronounced 

signs of easing in 

response to weaker economic 

conditions and the tightening 

of monetary conditions by the 

Reserve Bank of India (RBI) 

during the course of 2011- 

2012. The recent weakness of 

the exchange rate may, however, 

complicate policy management 

and limit the scope for 

further cuts in RBI policy rates. 

Fitch expects the economy to 

recover after real GDP grew 

just 5 percent in FY13 (versus 

6.2 percent in FY12). 

India’s economic recovery, 

however, is likely to remain 

slow until a healthier investment 

climate is created, which 

helps lift potential growth 

again. 

Iraqi Prime Minister Nouri al Maliki (standing right) and his Kuwait counterpart Sheikh Jaber al Mubarak al Hamad al Sabah (standing left) during the signing of an 

agreement by Iraqi Foreign Minister Hoshyar Zebari (right) and Kuwaiti Foreign Minister Sheikh Sabah Khalid al Hamad al Sabah, in Baghdad, on Wednesday. (AFP) 

AFP 

BAGHDAD 

IRAQ unveiled an ambitious 

energy strategy on 

Wednesday that aims to 

raise $6 trillion (4.5 trillion 

euros) from oil and gas 

sales by 2030 and massively 

increase local power generation, 

a major domestic 

need. 

The Integrated National 

Energy Strategy would see 

Iraq invest some $620 billion 

in the sector over 

nearly 20 years in a bid to 

substantially increase living 

standards and 

employment levels in a 

country badly hit by 

decades of conflict and 

sanctions. 

“The strategic goals of 

the plan are to meet local 

energy needs, maximise 

government revenues, 

encourage economic 

diversification and 

improve the standard of 

living and create jobs,” 

said Thamir Ghadhban, a 

former oil minister and 

the head of Prime 

Minister Nuri al-Maliki’s 

advisory committee. 

It recommends that Iraq 

increase its oil production 

from about 3.4 million 

barrels per day (bpd) now 

to 4.5 million bpd by 

2014, and double that by 

2020 in its “medium” scenario. 

It forecasts that all 

domestic energy requirements 

could be met by 

2022. 

It also calls for diversifying 

Iraq’s oil-dependent 

economy to add 10 million 

new jobs, with planners 

arguing that by 2020, 

non-energy sectors of the 

economy will grow faster 

than oil and gas. 

It projects that Iraq will 

raise about $6 trillion in 

revenues by 2030, about 

85 percent of which will 

come from oil exports. 

Those targets appear 

ambitious for a country 

where efforts to boost oil 

output and distribute energy 

revenues have been 

stymied by political dysfunction 

and poor security. 

Ruba Husari, editor of 

the iraqoilforum.com website, 

said “it’s very ambitious 

because of the volume 

of work that needs to 

be done, in the short-term, 

in order to be able to reap 

the benefits of the medium 

to long term.” 

In particular, she pointed 

to recommendations for 

reforms of government 

ministries, customs regulations 

and payment mechanisms, 

among a wide array 

of required institutional 

changes, as why Iraq is 

unlikely to meet its targets. 

“It’s too ambitious, and I 

don’t think they will 

achieve the objectives 

within the time limit 

defined by the strategy 

because of the changes, 

reforms in laws, that they 

have to achieve within two 

crucial years,” Husari 

said. 

Iraq has sought in 

recent years to dramatically 

increase its oil production 

in order to fund 

reconstruction of its battered 

economy and dilapidated 

infrastructure. But 

while output has 

increased, unemployment 

remains high and Iraqis 

frequently complain about 

a lack of improvement in 

daily living standards. 

Tempers run particularly 

high during the country’s 

boiling summer, when most 

residents receive only a few 

hours of government-supplied 

power per day. 

ECB official 

defends bond 

buy plan 

AP 

KARLSRUHE 

A TOP European Central 

Bank official rejected accusations 

that the bank had 

exceeded its powers while 

fighting the financial crisis, 

telling Germany’s supreme 

court its bond-buying program 

was only a tool to 

ensure that its monetary 

policy works. 

The 

Federal 

Constitutional Court was 

holding a second day of 

hearings to weigh allegations 

that the ECB’s plan to 

purchase government bonds 

amounted to financing for 

governments, which is illegal 

for the central bank. 

Critics also say it exposes 

taxpayers to potential losses 

and threatens the ECB’s 

independence. 

Joerg Asmussen told the 

eight judges that the programme 

is not meant to rescue 

governments in the 17- 

country eurozone but only to 

help the ECB conduct its 

monetary policy. It is tasked 

with keeping inflation close 

to but below 2 percent. 

The bond purchase plan, 

agreed on September 6, is an 

offer by the ECB to buy the 

bonds of a government in 

trouble, provided they apply 

for that help and agree to a 

programme of reforms in 

return. 

Apollo Tyres to buy US 

firm for $2.22 billion 

AP 

NEW DELHI 

INDIA’S Apollo Tyres Ltd is 

buying Ohio’s Cooper Tire & 

Rubber Co for about $2.22 

billion, boosting its presence 

in North America and other 

key markets around the 

world. 

Apollo said on Wednesday 

that the combined company 

will be one of the world’s 

largest tire makers, with a 

strong presence across four 

continents and combined 

2012 sales of $6.6 billion. 

Their tire brands include 

Apollo, Cooper, Roadmaster 

and Vredestein. 

Under the terms of the deal, 

Cooper shareholders will 

receive $35 per share in cash. 

The price represents a 42 percent 

premium over Cooper’s 

on Tuesday closing stock 

price. 

Cooper shares jumped 

$9.95, or 41 percent, to $34.52 

in morning trading on 

Wednesday. 

Based on the company’s 

63.3 million outstanding 

shares, the deal is worth about 

$2.22 billion. The companies 

valued the sale at about $2.5 

billion. 

Apollo Chairman Onkar 

Kanwar said the combined 

company will be uniquely 

positioned to serve both large, 

Cooper currently employs nearly 

13,000 people and has manufacturing 

plants on three continents. 

established markets, such as 

the US and Europe, as well as 

fast-growing markets such as 

India, China, Africa and Latin 

America. 

Findlay, Ohio-based Cooper 

said the deal is in the best 

interests of its shareholders. 

Apollo didn’t say if any jobs 

would be eliminated as part of 

the sale, but said it expects 

Cooper to continue to operate 

out of its facilities around the 

world. 

In addition, Cooper executives 

are expected to continue 

leading the company and 

Cooper will continue to recognise 

its labour union and 

honor the terms of contracts 

currently in effect. It also 

plans to generally maintain 

pay and benefit levels for nonunion 

employees. 

With a history dating back 

to 1914, Cooper currently 

employs nearly 13,000 people 

around the world and has 

manufacturing plants on 

three continents. Its brands 

include Cooper, Mastercraft, 

Dean, Starfire, Roadmaster 

and others. Its 2012 revenue 

totaled $4.2 billion. Last 

month, the company said its 

first-quarter profit more than 

doubled to $56.1 million, as 

lower raw material and manufacturing 

costs more than offset 

a double-digit drop in sales 

stemming from lower global 

demand and tough economic 

conditions. 

The company said at the 

time that it expected that 

weakness would continue 

through the current quarter 

and possibly beyond. 

Apollo, founded in 1972, 

produces premium and midtier 

tires in a variety of brands 

including Apollo and 

Vredestein. The sale, which 

remains subject to Cooper 

shareholder and regulatory 

approvals, is expected to close 

in the second half of this year. 

When that happens, Cooper 

will become a privately held 

company and cease trading on 

the New York Stock 

Exchange.

Bottom Line Thursday, June 13, 2013 23 

StanChart named ‘Best Project Finance House’ in M-E 


DOHA 

STANDARD Chartered has 

been named “Best Project 

Finance House in the Middle 

East” at the Euromoney 

Awards for Excellence 2013, a 

press release said on 

Wednesday. 

The award reiterates 

Standard Chartered’s role in 

supporting the economic 

development of the Middle 

East by extending innovative 

project finance solutions. 

The regional project 

finance market is expected to 

expand by nearly 15 per cent 

to reach 40 billion during 

2013. 

Standard Chartered has 

been recognised for its 

breadth of ability and innovation 

in both the types of projects 

being financed and the 

different types of instruments 

used to finance them. 

The award also considered 

the volume and number of 

deals undertaken during the 

period, as well as innovations 

the bank has brought to the 

market in tenor, industry sectors, 

funding structures, and 

cross-border deals. 

Ravi Suri, Head, Project 

and Export Finance in India, 

Africa and MENA, Standard 

The Euromoney 

Awards for Excellence 

are considered 

to be the 

definitive awards 

for global financial 

services. 

Chartered, said, “The region’s 

investments in a wide array of 

projects will continue to be a 

key factor in the sustained 

growth of lending. Power and 

desalination will account for 

a huge percentage of project 

finance loans, while transport, 

petrochemicals, infrastructure 

and renewables are 

also expected to make significant 

contributions. 

We have developed innovative 

project finance instruments 

that allow us to proactively 

support a much broader 

range of these projects in 

the Middle East. 

Moreover, Standard 

Chartered’s global experience, 

strong on-the-ground 

presence and deep local market 

insights give us a distinct 

competitive edge to provide 

financing structures that 

deliver premium value to our 

customers in the region. 

The ‘Best Project Finance 

House in the Middle East’ 

award certainly validates our 

long-term approach to the 

region and our commitment 

to supporting the development 

of vital projects across 

the Middle East.”.” 

The Euromoney Awards 

for Excellence are considered 

to be the definitive awards for 

global financial services. The 

receipt of an award recognizes 

a bank’s ability to consistently 

provide innovative 

solutions to clients. 

The Standard Chartered Bank, in Doha. 

ACHIEVING AMILESTONE 

Ikea records 

strong sales 

in Qatar 

Pearl GTL employees at the loading of first export of GTL jet fuel, in Ras Laffan, on Wednesday. 

Tasweeq loads first export 

cargo of GTL-blended jet fuel 


DOHA 

QATAR International 

Petroleum Marketing 

Company Ltd (Tasweeq) and 

Pearl GTL witnessed on 

Wednesday the loading of its 

first export cargo of GTL 

blended jet fuel from Ras 

Laffan, produced from the 

world’s largest gas-to-liquids 

(GTL) plant. 

Chief Executive Officer of 

Tasweeq Saad al Kuwari 

said, “Qatar has entrusted 

Tasweeq with the export of 

GTL naphtha and jet fuel. In 

2011, we have sold the first 

cargo of GTL naphtha. We 

are also so proud of adding 

yet another GTL product to 

Tasweeq portfolio. I am sure 

GTL blended jet fuel produced 

in Qatar will also 

enjoy a sound reputation as 

a quality product in key 

international markets 

around the world. We are 

keen to be introducing GTL 

blended jet fuel to global 

customers in the aviation 

industry.” 

Wael Sawan, Qatar Shell 

Managing Director & 

Chairman, said, “This is a 

proud moment in our partnership 

with Qatar 

Petroleum as it further 

cements Qatar’s position as 

the GTL capital of the world. 

The export of GTL blended 

jet fuel from Pearl GTL 

demonstrates the international 

market’s appetite for 

the new product.” 

“GTL blended jet fuel can 

be safely used for commercial 

aviation across all legacy 

aircrafts as well as the latest 

models of airframes and 

engines on the drawing 

boards today.” 

GTL blended jet fuel is a 

blend of GTL kerosene and 

conventional crude oilderived 

standard jet fuel. 

GTL kerosene burns with 

virtually zero sulphur dioxide 

and produces lower particulate 

emissions (very fine 

soot particles) than conventional 

crude oil-derived jet 

fuel. 

This means that once 

blended with conventional 

jet fuel to create GTL blended 

jet fuel, it can be attractive 

to airlines and airport 

authorities keen to improve 

local air quality at busy airports 

by reducing local emissions. 

GTL kerosene also has a 

lower density than conventional 

oil-based kerosene. 

This has the potential to 

reduce the required fuel payload 

and aircraft may be able 

to carry less weight of fuel to 

cover the same distance and 

its cleaner burning characteristics 

may result in lower 

engine maintenance. 

It is fully approved for civil 

aviation use at concentrations 

up to 50 percent blended with 

conventional jet fuel. As an 

alternative to conventional 

crude oil-derived jet fuel, it 

can help diversify the aviation 

fuel supply chain and offers a 

number of attractive benefits 

for airlines and airports. 

The Pearl GTL plant in 

Qatar (jointly developed by 

Qatar Petroleum and Shell) 

started first production of 

GTL kerosene in Q3 2012. 

This is blended with conventional 

jet A-1 produced at 

the nearby Ras Laffan 

Condensate Refinery to produce 

GTL blended jet fuel for 

use either in Qatar or for 

export. Exports will be managed 

via Tasweeq, the marketing 

company established 

by Qatar for the sales & marketing 

of regulated products. 


DOHA 

SWEDISH home furnishing 

brand Ikea has now completed 

over 3 months of 

operation in the capital of 

Qatar with overwhelming 

response from consumers. 

Over the period, the store 

experienced a footfall of 

over 500,000 visitors. 

On March 11, the store 

opened to enthusiastic customers 

and a host of VIP 

guests including Omar al 

Futtaim, Vice- Chairman of 

Al Futtaim Group, Sheikh 

Khalifa bin Jassim al Thani, 

Chairman of Qatar 

Chamber and Industry, 

Qatar, HE Max Bjuhr, the 

Swedish Ambassador to the 

UAE, Qatar and Bahrain, a 

delegation of Al Futtaim 

group executives, guests 

and media. 

The store in Doha offers 

over 7,500 products and 

measures an impressive 

32,000 square metres and 

is designed in the form of 

Ikea’s trademark inspirational 

‘room settings’, most 

of which were specially 

adapted to appeal to local 

tastes. 

John Kersten, Managing 

Director, Ikea for the UAE, 

Qatar, Egypt and Oman 

said, “We have been very 

pleased with the response 

received in Qatar. Our 

brand, concept and inspirational 

solutions have been 

very well embraced by our 

customers and in just 3 

months we are recording 

above 6,000 visitors per 

day. 

The Ikea website in Qatar 

launched the same day as 

the store opening has had 

over 280,000 visitors so far 

who have viewed over 

3,500,000 products.” 

The local adaptation of the 

Ikea store concept is evident 

in the customer breakdown 

witnessed so far – with the 

The store in Doha 

offers over 7,500 

products and 

measures an 

impressive 32,000 

square metres and 

is designed in the 

form of IKEA’s 

trademark inspirational 

‘room settings’, 

most of 

which were specially 

adapted to 

appeal to local 

tastes. 

largest split of about 30 percent 

being of Qatari background, 

followed by a close 

25 percentof expat Arabs. 

Among the product 

ranges, bedroom and living 

room have proven most popular 

followed closely by bed 

textiles, children and storage 

& organisation. 

The store also features 

IKEA’s trademark Småland 

children’s play area – making 

shopping at Ikea easy 

and peaceful for parents 

while offering fun activities 

to keep children entertained. 

Across the three months of 

operation, Ikea’s trademark 

550-seater restaurant has 

served over 65,000 customers. 

The dish in demand 

at the restaurant has been 

the Salmon, with over 7,600 

portions sold while ice cream 

and hot dogs have proven 

popular at the exit bistro. 

“Ikea entered Qatar with 

an ambition to serve the 

many people with affordable 

Ikea products and solutions 

and we are proud to have 

maintained the momentum 

beyond the launch.” 

“We are looking forward 

to interact with our customers 

through our 

Ramadan and dining activities 

beginning July and the 

launch of the new Ikea 

Qatar catalogue in 

September. 

Mazaya Qatar terms participation at Cityscape good 


DOHA 

MAZAYA Qatar Real Estate 

Development Company concluded 

its participation at 

Cityscape Qatar 2013, a 

press release said on 

Wednesday. 

The company’s stand was 

visited by a number of VIPs, 

includingPrime Minister, 

Minister of Foreign Affairs 

His Excellency Sheikh 

Hamad bin Jassim bin Jabor 

al Thani, , who expressed his 

appreciation for the remarkable 

development and 

unlimited support witnessed 

in real estate sector in Qatar 

and commended the company’s 

contribution to the real 

estate landscape in Qatar. 

The prime minister was 

accompanied by Hamad bin 

Ali al Hedfa, CEO of Mazaya 

Qatar Real Estate 

Development Company, who 

briefed him on the company’s 

projects, such as Marina 

Mall in Lusail, the Sidra 

Village and Tala Residence 

among many more. Many 

CSR and Qatarisation activities 

organized by the company 

were also presented during 

the visit. 

The company’s stand 

received a number of other 

high-profile personalities, 

including local and regional 

real estate professionals and 

representatives of a number 

of engineering, financial and 

contracting companies and 

The event gave 

media the opportunity 

to meet the 

new CEO, who also 

discussed the company’s 

latest developments 

and 

future plans with 

shareholders and 

the public. 

logistic providers from within 

the country and abroad. 

Speaking on the occasion, 

Hedfa said, “Hosting such 

prestigious events in Qatar 

and receiving our officials at 

the stands of our national 

companies highlight the great 

support and favourable climate 

provided to enable the 

real estate sector to be a partner 

in the national development 

and growth process.” 

“There is no doubt that the 

visit of the prime minister, 

inspired us to exert greater 

efforts to boost and support the 

economy in Qatar.” 

“The event served as a platform 

to network with real 

estate professionals, exchange 

views and stay abreast with the 

latest developments in the real 

estate industry. We have conducted 

a number of negotiations 

with various parties, discussed 

possibilities of future 

cooperation and reached positive 

results, ” Hedfa said. 

Mazaya Qatar Real Estate 

Development Company’s participation 

this year has a special 

importance as it came on 

the back of the announcement 

of good financial results and 

distribution of cash dividends 

to shareholders. 

The event gave media the 

opportunity to meet the new 

CEO, who also discussed 

the company’s latest developments 

and future plans 

with shareholders and the 

public. 

The Ikea store, in Doha.

24 Thursday, June 13, 2013 

Bulls & Bears 

QATAR EXCHANGE 

ADJ.CLOSE CHANGE CHANGE % BID SIZE BID ASK ASK SIZE OPEN PRICE HIGH LOW LAST PREVIUOS CLOSE NUMBER TRADES VOLUME TRADED VALUE (000) YEAR HIGH YEAR LOW 

Aamal Holding 14.91 0.03 0.20 20,000 14.85 14.90 5,328 14.97 14.97 14.82 14.91 14.88 16 32,100 477.11 15.00 13.31 

Al-Ahli Bank of Qatar 57.00 (0.50) (0.87) 500 55.10 56.50 5,000 57.00 57.00 57.00 57.00 57.50 2 6,061 345.48 59.90 50.00 

Al Khaleeji Bank 16.92 (0.02) (0.12) 1,000 16.91 16.92 38,926 17.00 17.00 16.92 16.92 16.94 76 221,230 3,754.30 17.69 15.70 

Al Meera Consumer 139.10 0.50 0.36 443 139.10 139.40 231 138.50 140.00 138.50 139.10 138.60 59 36,641 5,111.22 172.20 121.50 

Al Khaleej Group 44.20 (0.65) (1.45) 2,174 44.00 44.20 118 45.45 45.45 43.25 44.20 44.85 98 96,349 4,267.56 51.00 36.60 

Barwa Real Estate QSC 28.15 0.00 0.00 4,028 28.15 28.20 27,671 28.30 28.40 28.10 28.15 28.15 365 1,684,373 47,538.99 28.45 22.80 

Dlala Brokerage and Investment Holding Co 27.10 0.35 1.31 845 26.95 27.10 1,424 27.10 27.25 26.70 27.10 26.75 131 258,472 6,985.12 35.20 23.45 

Doha Bank Ltd 47.95 0.45 0.95 3,008 47.90 47.95 656 47.90 48.50 47.80 47.95 47.50 364 1,055,760 50,742.63 57.60 42.00 

Doha Insurance Co 27.00 0.30 1.12 1,250 26.50 27.00 15,897 27.00 27.00 27.00 27.00 26.70 12 17,674 477.20 29.80 23.05 

Ezdan Real Estate 17.60 (0.17) (0.96) 125 17.60 17.70 9,746 17.82 17.98 17.60 17.60 17.77 29 49,157 869.11 18.39 14.25 

Gulf Intr Serv 46.80 0.20 0.43 1,138 46.75 46.80 2,142 46.60 47.20 46.55 46.80 46.60 160 341,166 16,013.09 47.70 29.70 

Gulf Warehousing 43.00 0.50 1.18 4,254 42.75 43.00 7,166 42.90 43.10 42.50 43.00 42.50 123 338,054 14,482.33 45.10 36.00 

Industries Qatar QSC 166.20 4.30 2.66 2,000 166.00 166.20 29,890 167.10 167.80 164.60 166.20 161.90 940 902,779 150,042.60 176.00 148.40 

Islamic Holding 39.60 (0.15) (0.38) 1,000 39.60 39.65 3,350 40.00 40.00 38.50 39.60 39.75 46 27,128 1,070.74 42.90 30.10 

Mannai Corp. 88.00 0.00 0.00 700 86.10 88.90 1,510 0.00 0.00 0.00 0.00 88.00 0 0 0.00 91.00 77.00 

Masraf Al Rayyan 27.75 0.15 0.54 1,500 27.65 27.75 21,766 27.80 27.80 27.55 27.75 27.60 239 600,006 16,593.32 27.75 24.00 

Mazaya Qatar 11.75 0.04 0.34 38,063 11.75 11.78 23,235 11.75 11.94 11.72 11.75 11.71 199 709,973 8,363.42 12.64 10.52 

Medicare Group 42.90 0.10 0.23 4,193 42.85 42.90 3,044 43.20 43.30 42.55 42.90 42.80 87 120,263 5,145.98 44.25 34.10 

National Leasing Company 38.80 (0.60) (1.52) 22,364 38.80 38.85 15,000 39.60 40.00 38.80 38.80 39.40 569 2,098,368 82,979.54 47.10 32.00 

Qatar Cinema and Film 53.30 (5.20) (8.89) 179 53.60 58.00 2,239 53.50 53.50 53.30 53.30 58.50 4 2,159 115.12 66.70 51.10 

Commercial Bank of Qatar 71.30 0.80 1.13 3,599 71.10 71.30 1,092 72.00 72.10 70.90 71.30 70.50 277 710,172 50,864.40 78.50 63.70 

Qatar Electricity & Water 157.10 9.10 6.15 2,000 155.30 157.10 5,435 150.90 162.00 150.10 157.10 148.00 137 96,655 14,689.96 150.00 130.00 

Qatar Gas Transport Company 18.85 0.03 0.16 40,787 18.82 18.85 620 19.00 19.00 18.76 18.85 18.82 208 647,325 12,235.16 19.00 15.26 

Qatar General Insurance & Reinsurance 48.50 0.00 0.00 2,000 46.10 48.50 12,130 48.50 48.50 48.50 48.50 48.50 1 2,000 97.00 49.50 38.20 

Qatar Industrial Manufacturing 52.50 (0.20) (0.38) 1,013 52.50 52.70 1,162 53.00 53.00 52.30 52.50 52.70 8 4,209 221.38 54.90 48.60 

Qatar International Islamic Bank QSC 54.00 (0.20) (0.37) 8,136 54.00 54.30 1,206 54.40 54.60 53.90 54.00 54.20 36 41,256 2,238.44 57.50 50.40 

Qatar Islamic Bank 69.30 0.10 0.14 721 69.20 69.30 5,613 69.70 70.10 69.00 69.30 69.20 193 288,721 20,067.66 77.50 67.60 

Qatar Islamic Insurance 61.30 (0.40) (0.65) 700 61.30 61.90 515 62.00 63.00 61.00 61.30 61.70 133 251,723 15,529.48 65.00 50.60 

Qatar Meat & Livestock Company 63.80 0.30 0.47 1,255 63.80 63.90 982 64.20 64.20 63.50 63.80 63.50 50 37,314 2,382.62 67.80 56.00 

Qatar National Cement 100.00 0.20 0.20 1,439 99.90 100.00 3,256 100.60 101.50 99.90 100.00 99.80 57 58,232 5,869.58 106.00 95.00 

Qatar Telecom 128.00 3.70 2.98 500 127.00 128.00 9,926 126.00 128.00 125.00 128.00 124.30 134 157,072 19,831.89 125.70 103.50 

Qatari German Company for Medical Devices 15.53 0.03 0.19 5,000 15.52 15.53 2,328 15.64 15.65 15.40 15.53 15.50 34 73,978 1,145.21 15.98 11.30 

Qatar Fuel Company 258.50 (0.20) (0.08) 1,294 258.50 259.20 490 260.00 263.00 258.00 258.50 258.70 87 47,626 12,395.65 303.90 220.00 

Qatar Insurance Company 64.00 0.10 0.16 1,000 63.90 64.00 35,772 64.30 64.50 64.00 64.00 63.90 25 16,050 1,031.79 72.80 50.70 

Qatar Navigation Q.S.C. 75.20 0.00 0.00 5,000 75.00 75.20 993 75.90 76.30 74.70 75.20 75.20 190 295,170 22,253.23 79.70 58.50 

Qatar Oman Inves 13.80 (0.15) (1.08) 731 13.80 13.81 4,153 14.00 14.00 13.73 13.80 13.95 168 1,736,422 24,180.53 13.95 11.71 

Qatari Investment Group 27.40 (0.30) (1.08) 2,000 27.35 27.40 2,000 27.70 27.90 27.40 27.40 27.70 123 240,871 6,621.03 28.20 19.80 

Qatar National Bank 155.40 6.00 4.02 4,860 155.10 155.40 21,340 154.00 155.40 153.50 155.40 149.40 753 2,022,917 312,883.80 149.40 128.20 

Salam International Investment Co 13.00 0.00 0.00 0 0.00 13.30 2,000 0.00 0.00 0.00 0.00 13.00 0 0 0.00 13.68 12.65 

United Development Company 23.85 0.25 1.06 167,475 23.85 23.87 6,555 23.84 24.00 23.55 23.85 23.60 267 1,592,264 37,836.68 24.24 16.61 

Vodafone Qatar 9.36 0.09 0.97 52,074 9.35 9.36 8,590 9.39 9.45 9.31 9.36 9.27 235 962,963 9,031.78 9.65 8.30 

ZAD Holding 60.70 (0.30) (0.49) 1,000 60.30 60.90 1,238 61.20 61.30 60.70 60.70 61.00 13 11,470 698.31 66.00 57.50 

Dubai Financial Market 2,395.65 1.58 

Arabian Scandinavian Insurance Co 2.09 0.00 

Agility Public Warehousing 8.23 0.00 

Air Arabia 1.11 0.00 

Ajman Bank 2.05 1.99 

Al Firdous Holdings 0.70 0.00 

Al Mazaya Holding Co 1.72 0.00 

Al Sagr National Insurance Co 4.55 0.00 

Al Salam Bank Bahrain 0.95 0.42 

Alliance Insurance 383.50 0.00 

Al Madina for Finance and Investment Co 0.74 0.00 

Al Salam Bank Sudan 1.58 0.64 

Amlak Finance 1.02 0.00 

Arab Heavy Industries 193.35 0.00 

Arab Insurance Group 1.32 0.00 

Arabtec Holding 2.09 0.97 

Aramex 2.37 6.28 

Dubai Investment 1.57 2.61 

Dubai Islamic Insurance & Reinsurance Co 1.02 -0.97 

Dubai Islamic Bank 3.45 1.17 

Abu Dhabi Securities Exchange 3,661.09 2.65 

Al Ain Ahlia Insurance Co 39.00 0.00 

Al Buhaira National Insurance Co 2.60 0.00 

Abu Dhabi Aviation 3.05 0.00 

Abu Dhabi Commercial Bank 5.18 3.19 

Abu Dhabi Islamic Bank 4.58 1.78 

Abu Dhabi National Hotels Co 2.43 2.97 

Abu Dhabi National Insurance Co 6.00 0.00 

Abu Dhabi Ship Building 1.41 0.71 

Al Fujairah National Insurance Co 300.00 0.00 

Agthia Group 3.05 0.00 

Al Khazna Insurance Co 0.77 1.32 

Aldar Properties 2.32 7.41 

Arkan Building Materials Co 0.80 0.00 

International Fish Farming Holding Co 15.00 0.00 

Al Wathba National Insurance Co 5.25 0.00 

Abu Dhabi National for Building Materials Co 0.67 3.08 

Bank of Sharjah 1.69 -1.74 

Commercial Bank International 1.55 1.97 

Dana Gas Co PJS 0.60 1.69 

Al Dhafra Insurance Co 7.00 0.00 

Emirates Driving Co 3.01 0.00 

Emirates Insurance Co 6.25 0.00 

Eshraq Properties Co 0.58 0.00 

Emirates Telecommunication Corp Ltd 11.60 0.00 

Fujairah Building Industries Co 1.63 0.00 

Fujairah Cement Industries Co 1.19 0.00 

First Gulf Bank 16.10 5.92 

Finance House 2.90 5.45 

Foodco Holding 2.12 0.00 

Bahrain Bourse Co BSCC 1,203.20 0.30 

Al Baraka Banking Group 0.80 0.00 

Ahli United Bank 0.66 0.76 

Alahlia Insurance Co 0.29 0.00 

Al Salam Bank Bahrain 0.10 1.03 

Aluminum Bahrain (duplicate) 0.53 0.00 

Arab Banking Corporation 0.35 0.00 

Arab Insurance Group 0.35 0.00 

Bahrain Kuwait Insurance Co 0.54 0.00 

Bahrain Car Parks Co 0.13 0.00 

Bahrain Cinema Co 1.06 0.00 

Bahrain Commercial Facilities Co 0.57 8.57 

Bahrain Duty Free Shop Complex 0.74 0.00 

Bahrain Family Leisure Co 0.11 0.00 

Bahrain Flour Mills Co 0.34 0.00 

Bahrain Islamic Bank 0.14 0.00 

Bahrain National Holding Co 0.34 0.00 

Bahrain Ship Repairing and Engineering Co 2.00 0.00 

Bahrain Telecommunications Co 0.37 0.54 

Bahrain Tourism Co 0.29 0.00 

Banader Hotels Co 0.06 0.00 

BBK 0.40 0.00 

Bank Muscat 0.62 0.00 

DUBAI 

PRICE % CHANGE PRICE % CHANGE 

ABU DHABI 

BAHRAIN 

Dubai Refreshments 14.50 0.00 

Deyaar Development 0.41 1.97 

Dubai Financial Market 1.98 2.59 

Dubai National Insurance & Reinsurance Co 2.50 0.00 

Drake and Scull International 1.00 0.40 

Emirates Integrated Telecommunications Co 5.81 -0.68 

Dubai Development Co 2.24 0.00 

Dubai Insurance Co 3.10 0.00 

Commercial Bank of Dubai 3.80 0.00 

Ekttitab Holding Co 1.10 -1.79 

Emirates Islamic Bank 0.00 0.00 

Emaar Properties 5.80 2.84 

Emirates Investment Bank 711.48 0.00 

Emirates NBD Bank 5.35 0.94 

Emirates Refreshments 6.05 0.00 

Global Investment House 0.62 0.00 

Gulf Finance House 0.59 -2.97 

Gulf General Investment Co 0.55 0.73 

Gulf Navigation Holding 0.27 0.00 

Gulfa Mineral Water & Processing Industries Co 2.87 0.00 


Gulf Cement Co 1.44 0.00 

Green Crescent Insurance Co 1.26 0.80 

Gulf Livestock Co 6.98 0.00 

Gulf Medical Projects Co 2.70 0.00 

Gulf Pharmaceutical Industries 3.19 4.59 

Insurance House 1.25 0.00 

Invest Bank 2.55 2.41 

Methaq Takaful Insurance Co 1.23 0.82 

National Bank of Abu Dhabi 12.35 2.92 

National Bank of Fujairah 3.70 0.00 

National Bank of Umm Al Qaiwain 3.45 0.00 

National Corp for Tourism and Hotels 7.40 14.91 

National Marine Dredging 9.51 0.00 

Oman and Emirates Holding Co 1.10 0.00 

Umm Al Qaiwain Cement Industries Co 1.30 0.00 

Ooredoo QSC 116.10 0.00 

National Bank of Ras Al Khaimah 5.95 0.00 

Ras Al Khaimah for White Cement & Construction 1.55 6.90 

Ras Al Khaimah National Insurance Co 3.85 0.00 

Ras Al Khaimah Poultry and Feeding Co 1.50 0.00 

Ras Al Khaimah Cement Co 1.02 0.00 

Ras Al Khaimah Ceramics 1.84 3.37 

RAK Properties 0.60 3.45 

Sharjah Cement & Industrial Development Co 1.30 0.00 

Sudatel Telecom Group Ltd 1.09 0.00 

Sharjah Islamic Bank 1.51 -1.31 

Sharjah Insurance Co 5.00 0.00 

Sorouh Real Estate Co 2.76 3.76 

Abu Dhabi National Energy Co 1.28 -2.29 

Abu Dhabi National Takaful Co 5.10 0.00 


Bahrain Middle East Bank 0.06 0.00 

BMMI 0.74 0.00 

Delmon Poultry Co 0.23 0.00 

Esterad Investment Co 0.19 1.06 



Gulf Hotel Group 0.66 0.00 

Gulf Monetary Group 0.04 0.00 

Inovest 0.30 0.00 

International Investment Group Co 0.68 0.00 

Investcorp Bank 669.00 0.00 

Ithmaar Bank 0.26 0.00 

Khaleeji Commercial Bank 0.05 2.13 

Nass Corporation 0.17 0.00 

National Bank of Bahrain 0.65 0.00 

National Hotels Co 0.41 0.00 

Securities and Investment Co 0.31 0.00 

Seef Properties 0.13 0.00 

Taib Bank BSCC 2.73 0.00 

Takaful International Co 0.29 0.00 

Trafco Group 0.24 0.00 

United Finance Co 0.37 0.00 

United Gulf Bank 0.21 0.00 

Kuwait Stock Exchange 7,972.36 -0.71 

Aayan Leasing and Investment Co 71.00 -5.33 

Aayan Real Estate Co 110.00 -5.17 

Abyaar Real Estate Development Co 61.00 -4.69 

Acico Industries Co 325.00 0.00 

Advanced Technology Co 760.00 0.00 

Al Ahleia Insurance Co 470.00 1.08 

Ahli United Bank 750.00 0.00 

Ahli United Bank 190.00 -1.04 

Ajial Real Estate Entertainment Co 218.00 -0.91 

Al Ahli Bank of Kuwait 500.00 2.04 

Al Argan International Real Estate Co 140.00 0.00 

Al Deera Holding Co 57.00 -1.72 

Al Enmaa Real Estate Co 96.00 0.00 

Al Madar Finance and Investment Co 67.00 -1.47 

Al Mazaya Holding Co 134.00 -1.47 

Al Mowasat Healthcare Co 188.00 0.00 

Al Mudon International Real Estate Co 196.00 -2.00 

Al Nawadi Holding Co 112.00 0.00 

Al Qurain Holding Co 52.00 -5.45 

Al-Safat Energy Holding 61.00 -3.17 

Al Safat Tec Holding Co 95.00 -1.04 

Al Safwa Group Holding Co 13.00 0.00 

Al-Salam Group Holding Co 218.00 0.00 

Tamdeen Investment Co 184.00 -2.13 

Al Aman Investment Co 82.00 -3.53 

Al Mal Investment Co 57.00 0.00 

Al Massaleh Real Estate Co 94.00 -1.05 

Al Dar National Real Estate Co 59.00 -1.67 

Alimtiaz Investment Group 73.00 0.00 

Al Kout Industrial Projects Co 550.00 0.00 

Al Madina for Finance and Investment Co 53.00 0.00 

Alrai Media Group Co 118.00 0.00 

Amwal International Investment Co 62.00 0.00 

Aqar Real Estate Investments Co 108.00 0.00 

Al Arabiya Real Estate Co 75.00 -3.85 

Arabi Holding Group Co 172.00 0.00 

Arkan Al Kuwait Real Estate Co 130.00 0.00 

Automated Systems Co 440.00 4.76 

ALAFCO Aviation Lease and Finance Co 310.00 0.00 

Bahrain Kuwait Insurance Co 355.00 0.00 

Bayan Investment Co 102.00 4.08 

Boubyan Bank 640.00 0.00 

Boubyan International Industries Holding Co 118.00 0.00 

Boubyan Petrochemical Co 700.00 0.00 

Burgan Bank 630.00 -3.08 

Burgan for Well Drilling Trading & Maintenance Co 240.00 0.84 

City Group Co 435.00 0.00 

Coast Investment and Development Co 65.00 -1.52 

Commercial Facilities Co 300.00 -3.23 

Combined Group Contracting Co 1,260.00 0.00 

Commercial Bank of Kuwait 700.00 -1.41 

Commercial Real Estate Co 100.00 2.04 

National Consumer Holding Co 132.00 0.00 

Muscat Securities Market 6,620.63 -0.55 

Al Anwar Ceramic Tiles Co 0.45 0.00 

Ahli Bank 0.20 -0.49 

ACWA Power Barka 0.65 -1.52 

Al Anwar Holdings 0.23 0.00 

Al Jazeira Services Co 0.49 0.00 

Al Jazeera Steel Products Co 0.30 -0.67 

Al Batinah Development & Investment Holding Co 0.12 5.36 

Al Omaniya Financial Services 0.36 0.00 

Bank Muscat 0.64 -1.09 

Oman Oil Marketing Co 0.25 0.00 

Construction Materials Industries & Contracting Co 0.08 0.00 

Dhofar Cattle Feed Co 0.24 -0.41 

Dhofar International Development & Investment... 0.53 -0.19 

Dhofar Insurance Co 0.21 0.00 

Financial Corporation Co 0.10 0.00 

Financial Services Co 0.12 -0.85 

Global Financial Investments Holding 0.13 0.00 

Gulf International Chemicals 0.17 -0.57 

Gulf Investment Services Holding Co 0.18 1.14 

HSBC Bank Oman 0.20 -0.98 

Al Hassan Engineering Co 0.21 -2.36 

Al Jazeira Services Co 0.55 0.00 

KUWAIT 


MUSCAT 

Credit Rating and Collection 73.00 2.82 

Danah Al Safat Foodstuff 120.00 -6.25 

Egypt Kuwait Holding Co 220.00 -4.35 

Educational Holding Group 116.00 0.00 

Ekttitab Holding Co 85.00 1.19 

Equipment Holding Co 330.00 1.54 

Eyas for Higher & Technical Education Co 216.00 0.00 

First Dubai for Real Estate Development Co 148.00 0.00 

First Investment Co 118.00 -3.28 

First Takaful Insurance Co 110.00 0.00 

Fujairah Cement Industries Co 112.00 3.70 

Future Communications Co Global 142.00 2.90 

Future Kid Entertainment & Real Estate Co 83.00 -5.68 

Gulf Franchising Holding Co 114.00 -3.39 


Gulf Bank 410.00 0.00 

Gulf Cable and Electrical Industries Co 1,020.00 2.00 

Gulf Cement Co 114.00 1.79 


Gulf Glass Manufacturing Co 650.00 0.00 

Gulf Insurance 570.00 0.00 

Gulf Investment House 63.00 0.00 

Gulf North Africa Holding Co 71.00 -2.74 

Gulf Petroleum Investment Co 132.00 0.00 

Hayat Communications Co 116.00 -4.92 

Heavy Engineering Industries & Shipbuilding Co 154.00 0.00 

Hilal Cement Co 160.00 0.00 

Hits Telecom Holding Co 65.00 -2.99 

Energy House Holding Co 112.00 0.00 

Housing Finance Co 33.50 0.00 

Human Soft Holding Co 242.00 0.00 

IFA Hotels and Resorts Co 460.00 -3.16 

Ikarus Petroleum Industries Co 144.00 -1.37 

Independent Petroleum Group 360.00 2.86 

Industrial and Financial Investments Co 22.00 0.00 

Injazzat Real Estate Development Co 100.00 0.00 

Inovest 86.00 -2.27 

International Financial Advisors 80.00 0.00 

International Finance Co 79.00 1.28 

International Resorts Co 82.00 0.00 

Investors Holding Group Co 38.00 -6.17 

Ithmaar Bank 72.00 -4.00 

Jazeera Airways 495.00 1.02 

Jeeran Holding Co 85.00 0.00 

KGL Logistics Co 305.00 0.00 

KIPCO Asset Management Co 120.00 0.00 

Kuwait & Middle East Financial Investment Co 68.00 0.00 

Kout Food Group 600.00 0.00 

Kuwait and Gulf Link Transport Co 122.00 -1.61 

Kuwait China Investment Co 72.00 0.00 

Kuwait Foundry Co SAK Closed 405.00 -3.57 

Kuwait Insurance Co 310.00 0.00 

Kuwait International Bank 315.00 1.61 

Kuwait Bahrain International Exchange Co 170.00 0.00 


Al Kamil Power Co 2.50 0.00 

Al Maha Petroleum Products Marketing Co 20.60 0.00 

Majan Glass Co 0.32 0.00 

Muscat National Holding Co 1.73 0.00 

Muscat Gases Co 0.86 0.00 

National Aluminium Products Co 0.32 -0.31 

National Bank of Oman 0.28 -1.75 

National Finance Co 0.17 0.00 

Omani Qatari Telecommunications Co 0.51 -0.59 

Oman Cables Industry 1.96 -0.71 

Oman Cement Co 0.77 -1.03 

Oman Chlorine 0.63 0.00 

Oman and Emirates Holding Co 0.20 0.00 

Oman Fisheries Co 0.11 0.00 

Oman Flour Mills Co 0.63 -3.69 

Oman Holdings International Co 0.45 0.00 

Oman Investment and Finance Co 0.40 -1.72 

Oman International Development & Investment Co 0.43 -0.69 

Oman National Investment Corporation Holding 0.39 -2.22 

Omani Packaging Co 0.30 0.00 

Oman Textile Holding Co 0.30 2.06 

Oman Telecommunications Co 1.53 -0.46 

Port Services Corporation 0.50 -0.60 

RIYADH 

PRICE 

% CHANGE 

Saudi Stock Exchange Tadawul 7,617.67 0.45 

Riyad Bank 24.95 0.60 

Bank Aljazira JSC 28.20 1.44 

Saudi Investment Bank 22.00 0.00 

Saudi Hollandi Bank 31.50 0.32 

Banque Saudi Fransi 32.60 0.31 

Saudi British Bank 39.10 1.30 

Arab National Bank 30.80 0.98 

Samba Financial Group 50.25 1.93 

Al Rajhi Banking and Investment Corp 72.00 0.35 

Bank Albilad 26.30 1.54 

Alinma Bank 14.25 0.35 

Takween Advanced Industries JSC 38.70 -0.26 

Basic Chemical industries Ltd 31.50 0.64 

Saudi Arabian Mining Co 30.30 0.33 

Astra Industrial Group 43.10 -0.46 

Al Sorayai Trading and Industrial Group Co 20.05 0.00 

Al Hassan Ghazi Ibrahim Shaker Co 86.00 0.58 

United Wire Factories Co JSC 38.80 1.31 

Mohammad Al Mojil Group Co 12.55 0.00 

Saudi Steel Pipes Co 25.80 0.00 

Abdullah Abdul Mohsin Al Khodari Sons Co 32.90 -0.30 

Al Tayyar Travel Group 68.25 -0.36 

Methanol Chemicals Co 13.15 0.00 

National Petrochemical Co 23.50 0.86 

Saudi Basic Industries Corporation JSC 94.00 -0.27 

Saudi Arabian Fertilizers Co JSC 148.00 0.00 

Saudi Arabia Refineries Co 62.25 -0.40 

Saudi Ceramic Co 108.75 0.93 

Savola Group 51.00 1.49 

National Industrialization Co JSC 26.90 1.13 

Saudi Pharmaceutical Industries & Medical 46.80 0.86 

National Gas and Industrialization Co 20.95 -0.48 

National Gypsum Co 33.40 0.00 

Food Products Co 30.10 0.33 

Saudi Cable Co JSC 13.60 0.37 

Saudi Advanced Industries Co 16.50 -0.60 

Saudi Industrial Development Co 16.50 -0.30 

Al Ahsa Development Co 14.20 0.71 

National Co for Glass Industries 25.90 -0.38 

Saudi Arabian Amiantit Co 14.25 0.71 

Alujain Corp 15.40 5.48 

Filling & Packing Materials Manufacturing Co 47.60 1.28 

Saudi Industrial Services Co 14.20 0.35 

Arabian Pipes Co 22.05 -0.45 

Nama Chemicals Co 13.10 0.38 

National Metal Manufacturing and Casting Co 35.40 -0.28 

Saudi Chemical Co 47.50 0.00 

Zamil Industrial Investment Co 42.70 0.95 

Saudi Industrial Investment Group 26.90 1.13 

Sahara Petrochemical Co 15.15 0.66 

Saudia Dairy and Foodstuff Co 84.75 0.30 

Almarai Co 70.00 0.00 

Yanbu National Petrochemical Co JSC 56.25 0.00 

Saudi Paper Manufacturing Co 36.90 3.07 

Saudi International Petrochemical Co 22.65 0.00 

Al Babtain Power & Telecommunication Co 24.65 0.20 

Advanced Petrochemical Co 31.10 0.65 

Al Abdullatif Industrial Investment Co 40.80 1.24 

Saudi Kayan Petrochemical Co 11.95 0.84 

Saudi Vitrified Clay Pipe Co 76.00 0.66 

Middle East Specialized Cables Co 18.05 0.28 

Rabigh Refining and Petrochemical JSC 16.25 0.00 

Hail Cement Co 21.40 0.47 

Najran Cement Co 28.40 2.16 

City Cement Co JSC 24.25 -0.21 

Northern Region Cement Co 21.15 0.00 

Arabian Cement Co 68.50 -0.72 

Yamamah Saudi Cement Co 50.25 0.70 

Saudi Cement Co 103.00 0.49 

Qassim Cement Co 82.25 -0.30 

Southern Province Cement Co 102.00 0.49 

Yanbu Cement Co JSC 68.50 0.37 

Eastern Province Cement Co 60.25 0.84 

Tabuk Cement Co 27.90 -0.36 

Al Jouf Cement Co 18.25 0.00 

Abdullah Al Othaim Markets Co 114.75 1.55 

Information contained herein is believed to be reliable & has been obtained from sources believed to be reliable, but its accuracy & completeness cannot be guaranteed. This publication is provided for information purposes only and is not intended as an offer or solicitation for the sale of any financial instrument. Prior to entering into any transaction, investors are advised to obtain independent advice 

regarding the suitability of particular financial instruments/strategies based on their investment objectives.

Bulls & Bears Thursday, June 13, 2013 25 

FTSE NASDAQ TOP GAINERS NASDAQ TOP LOSERS STANDARD & POOR’S 


PRICE 

% CHANGE 

PRICE 

% CHANGE 

PRICE 

% CHANGE 

FTSE100 International 6,299.45 -0.64 

Anglo American 1,647.96 -0.24 

Associated British Foods 1,921.00 -1.41 

Admiral Group 1,330.96 -2.29 

Aberdeen Asset Management 412.81 -3.46 

Aggreko 1,770.71 -1.73 

Amec 1,107.48 1.76 

Antofagasta 969.00 1.73 

ARM Holdings 893.50 -3.98 

Aviva 298.73 -1.41 

AstraZeneca 3,302.00 -0.41 

Babcock International Group 1,093.00 -1.37 

BAE Systems 383.91 -1.82 

Barclays 288.01 -1.52 

British American Tobacco 3,562.00 -0.35 

BG Group 1,147.50 -0.92 

British Land Company PLC The 548.00 1.19 

Bhp Billiton 1,910.26 -0.16 

Bunzl 1,291.86 -2.15 

BP 461.90 -2.14 

Burberry Group 1,280.05 -0.31 

British Sky Broadcasting Group 889.00 -1.18 

BT Group 278.50 -1.76 

Carnival 2,250.41 -2.95 

Centrica 375.60 -1.09 

Compass Group 850.00 -1.65 

Capita 906.00 -2.76 

Croda International 2,750.00 -1.68 

CRH 1,431.33 -2.76 

Diageo 2,085.00 -1.87 

Eurasian Natural Resources Corporation 239.00 4.72 

EVRAZ 201.52 -1.62 

Experian 1,165.00 -0.94 

easyJet 1,103.27 -2.66 

Fresnillo 1,306.00 -1.45 

G4S 292.80 -1.02 

GKN 265.20 -2.82 

Glencore Xstrata 351.42 0.49 

GlaxoSmithKline 1,549.00 -0.58 

Hammerson 484.40 -0.49 

Hargreaves Lansdown 850.78 -1.74 

HSBC Holdings 701.50 -1.07 

International Consolidated Airlines Group SA 252.63 -0.75 

InterContinental Hotels Group 1,985.55 -1.39 

IMI 1,290.29 -2.15 

Imperial Tobacco Group 2,310.00 0.31 

Intertek Group 3,456.86 -0.61 

ITV 125.50 -3.18 

Johnson Matthey 2,321.07 0.39 

Kingfisher 289.71 -0.07 

Land Securities Group 892.61 -0.84 

BSE Ltd 19,041.13 -0.53 

India Index Services & Products Ltd [NIFTY] 5,760.20 -0.49 

BSE Ltd 2,318.07 -0.56 

ABB Ltd 602.20 0.17 

ACC Ltd 1,212.00 -1.14 

Adani Enterprises Ltd 182.65 -7.31 

Adani Ports & Special Economic Zone Ltd 144.35 -2.66 

Adani Power Ltd 50.55 -2.22 

Aditya Birla Nuvo Ltd 1,061.30 -0.21 

Allahabad Bank 110.70 0.87 

Ambuja Cements Ltd 174.15 -0.85 

Andhra Bank 85.80 0.23 

Apollo Hospitals Enterprise Ltd 931.90 -2.71 

Apollo Tyres Ltd 92.00 3.02 

Ashok Leyland Ltd 21.15 0.24 

Asian Paints Ltd 4,490.80 0.09 

Aurobindo Pharma Ltd 174.70 1.57 

Axis Bank Ltd 1,276.60 -3.32 

Bajaj Auto Ltd 1,744.15 -2.19 

Bajaj Finserv Ltd 624.80 -0.17 

Bajaj Holdings and Investment Ltd 832.30 -6.45 

Bank of India Ltd 286.05 0.16 

Bata India Ltd 801.20 -0.64 

Bharat Electronics Ltd 1,346.80 2.60 

Bharat Forge Ltd 223.65 -0.86 

Bharat Petroleum Corp Ltd 362.95 0.96 

Bharti Airtel Ltd 277.95 -0.22 

Bharat Heavy Electricals Ltd 179.25 -1.24 

Bhushan Steel Ltd 462.85 -0.20 

Biocon Ltd 273.00 -0.33 

Bank of Baroda 651.90 -0.02 

Bosch Ltd 9,057.35 -1.79 

Britannia Industries Ltd 684.15 -1.06 

Cadila Healthcare Ltd 755.45 -0.02 

Cairn India Ltd 290.00 0.33 

Canara Bank Ltd 393.30 0.01 

Castrol India Ltd 344.75 0.66 

Central Bank of India Ltd 63.85 -0.62 

Century Textile and Industries Ltd 279.20 0.11 

CESC Ltd 325.40 -2.40 

Chambal Fertilisers and Chemicals Ltd 43.10 -1.49 

Cipla Ltd 384.15 1.00 

Coal India Ltd 303.30 -2.69 

Colgate Palmolive India Ltd 1,364.45 -2.64 

Container Corp of India Ltd 1,096.95 0.16 

Coromandel International Ltd 190.20 -2.31 

CRISIL Ltd 1,166.10 0.12 

Crompton Greaves Ltd 86.70 -2.20 

Cummins India Ltd 450.60 -0.22 

Dabur India Ltd 153.70 1.02 

Karachi Stock Exchange Ltd 22,324.57 0.52 

Abbott Laboratories Pakistan Ltd 323.00 -0.70 

Adamjee Insurance Co Ltd 86.00 1.47 

Agriauto Industries Ltd 85.00 0.00 

Allied Bank Ltd 70.00 -1.39 

Allied Rental Modaraba 46.01 0.00 

Arif Habib Corp Ltd 25.40 -0.55 

Askari Bank Ltd 16.51 -0.30 

Attock Cement Pakistan Ltd 131.75 2.13 

Attock Refinery Ltd 198.05 1.66 

Azgard Nine Ltd 7.40 1.79 

Bank Alfalah Ltd 17.50 -1.07 

Bank Al-Habib Ltd 30.05 0.00 

BankIslami Pakistan Ltd 7.03 2.03 

Bank of Khyber 7.35 -3.03 

Bank Of Punjab 13.44 -2.68 

Bata Pakistan Ltd 1,780.00 -1.66 

Cherat Cement Company Ltd 58.80 -1.14 

Colgate-Palmolive Pakistan Ltd 1,899.00 0.00 

D G Khan Cement Company Ltd 80.65 -1.44 

Dawood Hercules Corporation Ltd 53.34 0.64 

EFU General Insurance Ltd 91.98 0.52 

EFU Life Assurance Ltd 78.50 -1.88 

Engro Corporation Ltd 141.10 0.41 

Legal & General Group 171.02 -2.08 

Lloyds Banking Group 48.27 -1.92 

London Stock Exchange Group 1,277.45 -2.46 

Meggitt 480.93 -2.16 

Marks and Spencer Group 392.00 -1.33 

Melrose Ltd 265.10 -2.19 

WM Morrison Supermarkets 279.20 -0.79 

National Grid 783.00 -0.70 

Next 4,397.00 -1.64 

Old Mutual 197.21 -1.40 

Petrofac Ltd 1,439.61 0.99 

Polymetal International 845.50 -1.40 

Prudential 1,057.15 -2.04 

Pearson 1,143.00 -0.09 

Reckitt Benckiser Group 4,694.48 -2.43 

Royal Bank of Scotland Group 276.56 1.22 

Royal Dutch Shell 2,136.50 -1.24 

Royal Dutch Shell 2,195.00 -1.18 

Reed Elsevier 789.50 -3.86 

Rexam 539.00 -2.69 

Rio Tinto 3,024.50 -0.35 

Rolls-Royce Holdings 1,123.00 -2.23 

Randgold Resources Ltd 5,375.00 -4.00 

RSA Insurance Group 111.40 -1.89 

Resolution Ltd 273.00 -1.10 

SABMiller 3,514.00 -1.69 

J Sainsbury 383.10 -0.84 

Schroders 2,123.73 -1.89 

The Sage Group 337.24 -1.89 

Shire 1,962.00 0.25 

Standard Life 339.06 -2.71 

Smiths Group 1,240.13 -1.51 

Smith & Nephew 758.53 0.13 

Serco Group 635.50 -2.83 

SSE 1,511.00 -0.20 

Standard Chartered 1,715.50 -1.69 

Severn Trent 1,697.00 -2.53 

Tate & Lyle 853.16 -1.28 

Tullow Oil 1,214.55 -3.05 

Tesco 377.70 0.08 

TUI Travel 321.30 -2.52 

Unilever 2,819.00 -2.09 

United Utilities Group 708.00 0.42 

Vedanta Resources 1,058.51 6.05 

Vodafone Group 186.15 -0.73 

Weir Group 2,235.70 -1.24 

John Wood Group 866.86 -1.71 

William Hill 3,167.99 -2.83 

Wolseley 1,065.82 -1.22 

WPP 2012 Ltd 2,521.41 -1.65 

Whitbread 1,057.78 0.57 

PRICE % CHANGE PRICE % CHANGE PRICE % CHANGE PRICE % CHANGE 

Dena Bank 83.55 1.77 

Dish TV India Ltd 61.35 0.25 

Divi’s Laboratories Ltd 968.80 0.90 

DLF Ltd 189.70 1.50 

Dr.Reddy’s Laboratories Ltd 2,179.25 -0.26 

EIH Ltd 53.15 0.28 

Engineers India Ltd 150.45 -2.84 

Essar Oil Ltd 70.65 -1.46 

Exide Industries Ltd 128.60 -1.49 

Federal Bank Ltd 422.10 -1.00 

Financial Technologies (India) Ltd 774.55 -3.11 

Great Eastern Shipping Co Ltd 230.85 -2.10 

GAIL (India) Ltd 305.15 -0.15 

Gitanjali Gems Ltd 529.95 -3.12 

GlaxoSmithKline Consumer Healthcare Ltd 5,769.65 -0.59 

GlaxoSmithKline Pharmaceuticals Ltd 2,493.30 2.73 

Glenmark Pharmaceuticals Ltd 581.90 2.12 

GMR Infrastructure Ltd 19.70 -1.01 

Godrej Consumer Products Ltd 798.00 -4.52 

Godrej Industries Ltd 296.25 0.94 

Grasim Industries Ltd 2,783.85 -0.30 

Gujarat Mineral Development Corp Ltd 125.35 -2.38 

Gujarat Fluorochemicals Ltd 276.90 0.45 

Gujarat State Petronet Ltd 54.80 -0.27 

Havells India Ltd 750.40 4.93 

HCL Technologies Ltd 762.55 0.81 

HDFC Bank Ltd 664.80 -0.11 

Hero MotoCorp Ltd 1,610.50 -2.37 

Hexaware Technologies Ltd 82.65 0.55 

Hindustan Copper Ltd 87.80 -0.17 

Hindustan Unilever Ltd 593.65 0.10 

Hindustan Zinc Ltd 109.10 -1.31 

Hindustan Petroleum Corp Ltd 261.45 0.38 

Hindalco Industries Ltd 92.40 -2.27 

Housing Development Finance Corpn. Ltd 820.90 -1.27 

Housing Development & Infrastructure Ltd 38.05 0.13 

IFCI Ltd 23.30 -4.90 

ING Vysya Bank Ltd 630.40 0.60 

Indian Oil Corporation Ltd 260.65 0.23 

ICICI Bank Ltd 1,081.25 0.45 

IDBI Bank Ltd 76.20 0.46 

Idea Cellular Ltd 134.30 2.91 

IDFC Ltd 142.65 1.89 

India Cements Ltd 62.55 0.32 

Indiabulls Real Estate Ltd 69.55 -0.64 

Indian Bank 129.55 -2.78 

Indian Hotels Company Ltd 46.45 -1.06 

Indian Overseas Bank 58.25 0.95 

Indraprastha Gas Ltd 282.25 -0.72 

Indusind Bank Ltd 495.70 3.96 

Engro Foods Ltd 146.20 -0.87 

Fatima Fertilizer Co Ltd 25.95 -0.23 

Fauji Fertilizer Bin Qasim Ltd 39.80 -0.70 

Fauji Cement Company Ltd 11.90 -1.98 

Fauji Fertilizer Company Ltd 113.48 -0.61 

Faysal Bank Ltd 10.60 1.15 

Feroze1888 Mills Ltd 36.00 -4.05 

Ghani Glass Ltd 66.60 -2.77 

Glaxo Smithkline Pakistan Ltd 119.00 -5.00 

Grays of Cambridge Pakistan Ltd 42.00 0.00 

Habib Bank Ltd 114.45 -0.44 

Habib Metropolitan Bank Ltd 18.10 -0.71 

Hub Power Co Ltd 63.49 3.32 

Hum Network Ltd 39.27 5.00 

ICI Pakistan Ltd 176.83 5.00 

Indus Motor Company Ltd 340.00 -1.45 

International Industries Ltd 44.85 -0.82 

IGI Insurance Ltd 142.00 0.07 

International Steels Ltd 17.20 -0.58 

JDW Sugar Mills Ltd 106.98 4.01 

Jahangir Siddiqui & Company Ltd 13.98 3.86 

Javedan Corporation Ltd 78.10 0.00 

JS Bank Ltd 4.80 -0.83 

JS Growth Fund 12.01 -1.48 

MUMBAI 

KARACHI 

Ceres Inc 3.57 62.27 

SGOCO Group Ltd 2.87 26.43 

Chart Acquisition Corp 11.92 18.02 

Ulta Salon Cosmetics and Fragrance Inc 98.02 16.51 

Kingtone Wirelessinfo Solution Holding Ltd 2.71 12.92 

CollabRx Inc 3.95 9.42 

QKL Stores Inc 3.87 8.40 

Agilysys Inc 13.85 8.37 

Amedisys Inc 14.05 7.91 

Camtek Ltd 2.20 7.84 

Leading Brands Inc 3.99 7.84 

Albany Molecular Research Inc 11.70 7.83 

Questcor Pharmaceuticals Inc 45.24 7.25 

Southside Bancshares Inc 24.18 7.23 

Fuel Systems Solutions Inc 17.03 6.84 

Echelon Corp 2.53 6.75 

MFRI Inc 9.98 6.40 

Professional Diversity Network LLC 4.95 6.34 

ClearSign Combustion Corp 8.49 6.26 

Crossroads Systems Inc 2.16 6.16 

YRC Worldwide Inc 22.15 5.83 

Commtouch Software Ltd 2.98 5.67 

Select Comfort Corp 23.68 5.67 

Neutral Tandem Inc 4.79 5.27 

Sypris Solutions Inc 3.12 1.63 

Dow Jones & Company Index 30 15,064.82 -0.38 

Dj Comp Average 5,068.69 -0.39 

Alcoa Inc 8.21 -0.24 

American Electric Power Company Inc 45.24 -0.26 

AES Corp 12.13 -1.46 

Alaska Air Group Inc 56.60 0.59 

American Express Co 75.32 -1.57 

Boeing Co 101.06 -0.68 

Bank of America Corp 13.05 -0.53 

Caterpillar Inc 83.15 -0.44 

C.H. Robinson Worldwide Inc 56.38 -0.21 

CenterPoint Energy Inc 23.10 -0.09 

Con-way Inc 39.06 0.59 

Cisco Systems Inc 24.06 -0.04 

CSX Corp 24.84 0.28 

Chevron Corp 120.46 -0.82 

Dominion Resources Inc 55.44 0.20 

Delta Air Lines Inc 18.32 -1.08 

E. I. du Pont de Nemours and Co 54.77 -0.15 

Walt Disney Co 63.69 -0.17 

Duke Energy Corp 66.74 -0.70 

Consolidated Edison Inc 56.69 -0.80 

Edison International 46.43 -0.79 

Exelon Corp 30.63 -1.83 

Infosys Ltd 2,423.95 -2.02 

IPCA Laboratories Ltd 650.55 4.94 

Irb Infrastructure Developers Ltd 114.95 0.17 

ITC Ltd 332.00 -0.97 

IVRCL Ltd 15.95 -0.62 

JSW Steel Ltd 674.35 -4.44 

Jain Irrigation Systems Ltd 57.40 3.24 

Jaiprakash Associates Ltd 62.50 1.96 

Jaiprakash Power Ventures Ltd 21.00 1.20 

Jaypee Infratech Ltd 26.50 -0.19 

Jet Airways India Ltd 407.15 1.95 

Jindal Steel And Power Ltd 234.95 3.80 

JSW Energy Ltd 50.25 1.82 

Jubilant Foodworks Ltd 1,037.20 -0.78 

Kotak Mahindra Bank Ltd 745.90 -0.65 

L&T Finance Holdings Ltd 77.60 0.58 

Lanco Infratech Ltd 6.23 -10.87 

Larsen & Toubro Ltd 1,397.30 -0.52 

LIC Housing Finance Ltd 255.60 0.75 

Lupin Ltd 771.50 2.31 

MMTC Ltd 211.45 2.92 

Mahindra & Mahindra Financial Services Ltd 236.85 -3.48 

Mahindra and Mahindra Ltd 953.90 0.78 

Manappuram Finance Ltd 15.25 -2.87 

Marico Ltd 225.60 -1.81 

Maruti Suzuki India Ltd 1,479.10 -0.80 

Max India Ltd 198.30 1.43 

McLeod Russel India Ltd 308.00 0.80 

Motherson Sumi Systems Ltd 204.35 1.11 

MphasiS Ltd 412.30 -1.97 

MRF Ltd 14,665.05 1.24 

Mangalore Refinery & Petrochemicals Ltd 40.25 -1.59 

Multi Commodity Exchange of India Ltd 894.05 -0.42 

NTPC Ltd 151.15 0.57 

National Aluminium Co Ltd 29.80 -3.09 

Nestle India Ltd 5,142.05 1.05 

Neyveli Lignite Corporation Ltd 59.20 0.08 

NHPC Ltd 17.90 -1.10 

NMDC Ltd 112.35 -1.32 

Oil and Natural Gas Corporation Ltd 309.45 0.31 

Oil India Ltd 554.65 -0.27 

Opto Circuits (India) Ltd 23.75 -3.65 

Oracle Financial Services Software Ltd 2,652.20 0.10 

Oriental Bank Of Commerce Ltd 229.60 2.52 

Petronet LNG Ltd 134.75 -0.92 

Pidilite Industries Ltd 276.25 0.24 

Pipavav Defence & Offshore Engg. Co Ltd 68.30 -0.36 

Piramal Enterprises Ltd 533.15 -0.80 

Power Finance Corporation Ltd 167.90 -2.55 

Power Grid Corporation of India Ltd 107.85 -0.14 

Jubilee General Insurance Co Ltd 60.00 0.00 

Karachi Electric Supply Company Ltd 7.02 3.69 

Kohinoor Energy Ltd 35.64 4.98 

KOT Addu Power Company Ltd 63.10 1.69 

Lafarge Pakistan Cement Ltd 7.62 -1.68 

Lotte Chemical Pakistan Ltd 8.64 3.97 

Lucky Cement Ltd 191.25 -1.01 

Mari Petroleum Company Ltd 153.50 1.01 

MCB Bank Ltd 310.32 -0.99 

Meezan Bank Ltd 30.50 0.00 

Millat Tractors Ltd 536.55 0.20 

Murree Brewery Company Ltd 295.00 -1.67 

National Bank of Pakistan 43.80 -0.11 

National Foods Ltd 370.00 -1.33 

National Refinery Ltd 237.00 1.28 

Nestle Pakistan Ltd 6,490.00 0.93 

NetSol Technologies Ltd 32.43 4.99 

NIB Bank Ltd 2.67 3.89 

Nishat Chunian Power Ltd 33.88 4.37 

Nishat Chunian Ltd 59.00 2.61 

Nishat Mills Ltd 103.10 -0.79 

Nishat Power Ltd 34.54 4.98 

Oil and Gas Development Co Ltd 249.00 1.97 

Pakistan Telecommunication Co Ltd 22.47 3.74 

DOW JONES 

Kandi Technologies Corp 6.46 - 16.65 

IntriCon Corp 3.35 - 13.44 

Orchard Supply Hardware Stores Corp 2.04 - 11.30 

China Mobile Games & Entertainment Group Ltd 12.51 - 11.21 

Rand Logistics Inc 4.85 - 10.85 

Interphase Corp 2.72 - 10.23 

Echo Therapeutics Inc 3.35 - 10.19 

Genmark Diagnostics Inc 11.86 -9.98 

Cosi Inc 2.15 -8.90 

ZIOPHARM Oncology Inc 2.07 -8.81 

New Century Bancorp Inc 5.80 -7.94 

Icahn Enterprises LP 73.39 -7.71 

Net Element International Inc 4.02 -7.59 

Carver Bancorp Inc 4.76 -7.57 

Ambit Biosciences Corp 7.48 -7.54 

Altair Nanotechnologies Inc 2.36 -7.45 

Biogen Idec Inc 207.22 -7.09 

Exone Co 48.33 -6.90 

Aveo Pharmaceuticals Inc 2.59 -6.83 

Bank of Virginia 4.43 -6.74 

MediciNova Inc 2.52 -6.32 

Dixie Group Inc 8.05 -6.18 

Internet Gold Golden Lines Ltd 2.81 -6.02 

Central European Media Enterprises Ltd 3.15 -5.97 

Vermillion Inc 2.93 -5.48 

Expeditors International of Washington Inc 37.85 0.03 

FedEx Corp 98.01 -0.03 

Firstenergy Corp 38.14 -1.11 

General Electric Co 23.47 -0.47 

GATX Corp 48.66 -0.31 

Home Depot Inc 77.43 -0.23 

Hewlett-Packard Co 24.95 2.93 

International Business Machines Corp 201.93 -1.01 

Intel Corp 24.67 -0.16 

J B Hunt Transport Services Inc 71.73 -0.72 

JetBlue Airways Corp 6.38 0.63 

Johnson & Johnson 83.84 -1.00 

JPMorgan Chase & Co 53.62 0.24 

UnitedHealth Group Inc 64.06 0.20 

The Coca-Cola Co 40.50 -0.02 

Kansas City Southern 108.24 -1.01 

Landstar System Inc 53.29 0.40 

Southwest Airlines Co 13.87 -0.57 

Matson Inc 25.10 0.40 

McDonald’s Corp 98.32 0.09 

3M Co 109.91 -0.28 

Merck & Co Inc 47.82 0.55 

Microsoft Corp 35.07 0.66 

NextEra Energy Inc 78.09 -0.99 

Ptc India Ltd 53.20 0.95 

Punj Lloyd Ltd 41.85 1.21 

Punjab National Bank 754.20 0.91 

Rajesh Exports Ltd 118.35 -1.54 

Ranbaxy Laboratories Ltd 379.95 0.29 

Reliance Capital Ltd 319.20 -2.44 

Reliance Communications Ltd 106.50 2.45 

Reliance Infrastructure Ltd 345.40 -3.84 

Reliance Power Ltd 65.30 -0.68 

Reliance Industries Ltd 791.30 0.65 

Rural Electrification Corp Ltd 207.00 -3.41 

Satyam Computer Services Ltd 112.85 1.62 

State Bank of India 2,010.05 0.62 

Sesa Goa Ltd 144.40 -1.94 

Shree Cement Ltd 4,630.10 -1.63 

Shree Renuka Sugars Ltd 18.65 2.19 

Shriram Transport Finance Company Ltd 766.20 -1.62 

Siemens Ltd 562.80 -1.23 

Sintex Industries Ltd 46.60 -0.75 

Steel Authority of India Ltd 54.70 -0.91 

Sterlite Industries (India) Ltd 83.60 -2.05 

Strides Arcolab Ltd 884.35 -0.70 

Sun Pharmaceutical Industries Ltd 981.00 -0.28 

Sun TV Network Ltd 399.55 -4.10 

Suzlon Energy Ltd 9.56 -3.24 

Syndicate Bank Ltd 128.45 0.78 

Tata Chemicals Ltd 302.15 0.68 

Tata Communications Ltd 186.85 -2.63 

Tata Consultancy Services Ltd 1,467.85 -2.06 

Tata Global Beverages Ltd 141.25 -1.12 

Tata Motors Ltd 293.25 0.02 

Tata Power Company Ltd 80.05 -3.03 

Tata Steel Ltd 274.15 -2.61 

Tech Mahindra Ltd 976.30 0.84 

Thermax Ltd 595.95 1.47 

Titan Industries Ltd 204.90 -13.32 

Torrent Power Ltd 124.80 -1.58 

TTK Prestige Ltd 3,171.25 -1.42 

UCO Bank 76.60 0.79 

UltraTech Cement Ltd 1,840.15 -1.08 

Union Bank of India Ltd 209.80 1.87 

Unitech Ltd 22.15 0.23 

United Breweries Ltd 649.10 5.00 

United Phosphorus Ltd 147.95 -0.77 

United Spirits Ltd 2,380.00 -4.37 

Videocon Industries Ltd 217.50 -0.43 

Vijaya Bank 51.00 1.90 

Voltas Ltd 83.35 2.52 

Wipro Ltd 344.65 -0.12 

Wockhardt Ltd 1,033.45 -4.45 

PRICE % CHANGE PRICE % CHANGE PRICE % CHANGE PRICE % CHANGE 

Pace Pakistan Ltd 5.09 0.99 

Packages Ltd 245.50 -2.21 

Pakistan International Container Terminal Ltd 195.80 -0.67 

Pakistan Oilfields Ltd 506.55 0.17 

Pakistan Petroleum Ltd 219.24 1.90 

Pakistan Reinsurance Company Ltd 25.75 1.74 

Pakistan Services Ltd 328.05 0.00 

Pakistan State Oil Company Ltd 314.69 5.00 

Pak Suzuki Motor Co Ltd 150.00 -0.66 

Pakistan Cables Ltd 61.50 0.13 

Pakistan Tobacco Company Ltd 138.00 2.98 

PICIC Growth Fund 25.11 4.97 

Rafhan Maize Products Co Ltd 5,100.00 0.00 

Security Papers Ltd 72.99 3.17 

Shell Pakistan Ltd 160.86 5.00 

Shifa International Hospitals Ltd 45.00 -0.44 

Siemens Pakistan Engineering Co Ltd 674.00 0.60 

Soneri Bank Ltd 8.00 -0.87 

Standard Chartered Bank (Pakistan) Ltd 16.75 -1.47 

Thal Ltd 132.70 -0.90 

TPL Trakker Ltd 8.94 3.71 

TRG Pakistan Ltd 11.20 -1.32 

Tri-Pack Films Ltd 205.00 0.00 

Unilever Pakistan Ltd 15,000.00 0.00 

Standard & Poor’s 500 1,619.27 -0.42 

Standard & Poor’s 100 730.26 -0.42 

Apple Inc 434.43 -0.72 

AbbVie Inc 42.91 -1.56 

Abbott Laboratories 36.76 -0.19 

Accenture 79.95 -0.57 

American Electric Power Company Inc 45.24 -0.26 

Allstate Corp 47.23 -0.04 

Amgen Inc 96.43 -1.53 

Amazon.com Inc 272.11 -0.97 

Apache Corp 84.60 0.24 

Anadarko Petroleum Corp 85.86 -0.39 

American Express Co 75.32 -1.57 

Boeing Co 101.06 -0.68 

Bank of America Corp 13.05 -0.53 

Baxter International Inc 69.91 0.20 

Baker Hughes Inc 45.58 0.24 

Bank of New York Mellon Corp 29.25 -0.81 

Bristol-Myers Squibb Co 47.11 -0.38 

Berkshire Hathaway Inc 113.00 -0.45 

Citigroup Inc 49.76 -0.38 

Caterpillar Inc 83.15 -0.44 

Colgate-Palmolive Co 58.40 -0.38 

Comcast Corp 39.47 -1.72 

Capital One Financial Corp 61.39 -0.11 

ConocoPhillips 61.16 -1.21 

Costco Wholesale Corp 109.72 -0.27 

Cisco Systems Inc 24.06 -0.04 

CVS Caremark Corp 58.51 -0.27 

Chevron Corp 120.46 -0.82 

E. I. du Pont de Nemours and Co 54.77 -0.15 

Walt Disney Co 63.69 -0.17 

Dow Chemical Co 33.87 -0.38 

Devon Energy Corp 54.63 -0.74 

eBay Inc 51.28 -1.48 

EMC Corp 24.33 -1.38 

Emerson Electric Co 56.24 -0.34 

Exelon Corp 30.63 -1.83 

Ford Motor Co 15.51 0.00 

Freeport-McMoRan Copper & Gold Inc 29.81 2.76 

FedEx Corp 98.01 -0.03 

General Dynamics Corp 78.04 -0.17 

General Electric Co 23.47 -0.47 

Gilead Sciences Inc 52.02 -0.80 

Google Inc 873.58 -0.71 

Goldman Sachs Group Inc 162.32 -0.61 

Halliburton Co 42.12 0.19 

Home Depot Inc 77.43 -0.23 

Honeywell International Inc 77.63 -0.68 

Hewlett-Packard Co 24.95 2.93 

International Business Machines Corp 201.93 -1.01 

Intel Corp 24.67 -0.16 

Johnson & Johnson 83.84 -1.00 

JPMorgan Chase & Co 53.62 0.24 

The Coca-Cola Co 40.50 -0.02 

Eli Lilly and Co 51.95 0.02 

Lockheed Martin Corp 106.50 0.51 

Lowe’s Companies Inc 40.88 -0.02 

MasterCard Inc 560.00 -0.08 

McDonald’s Corp 98.32 0.09 

Mondelez International Inc 29.51 -0.97 

Medtronic Inc 51.86 -0.40 

Metlife Inc 44.44 -0.09 

3M Co 109.91 -0.28 

Altria Group Inc 35.77 0.14 

Monsanto Co 104.00 -0.49 

Merck & Co Inc 47.82 0.55 

Morgan Stanley 25.72 -1.42 

Microsoft Corp 35.07 0.66 

Nike Inc 61.82 -0.53 

National Oilwell Varco Inc 69.38 0.68 

Norfolk Southern Corp 76.34 -0.22 

News Corp 31.10 -1.80 

Oracle Corp 33.59 0.06 

Occidental Petroleum Corp 91.22 -0.03 

PepsiCo Inc 82.24 -0.35 

Pfizer Inc 28.49 0.25 

TOKYO 

PRICE 

% CHANGE 

Nikkei 225 13,289.32 -0.21 

Tokyo Stock Exchange [TOPX100] 735.21 -0.59 

Inpex Corp 422,000 -0.59 

Daito Trust Construction Co Ltd 8,880 -0.67 

Daiwa House Industry Co Ltd 1,875 -1.73 

Sekisui House Ltd 1,364 -1.94 

JGC Corp 3,320 -2.35 

Asahi Group Holdings Ltd 2,468 -0.16 

Kirin Holdings Co Ltd 1,628 1.69 

Ajinomoto Co Inc 1,421 -0.56 

Japan Tobacco Inc 3,450 -1.29 

Seven & i Holdings Co Ltd 3,475 3.73 

Toray Industries Inc 659 1.85 

Asahi Kasei Corp 652 -0.31 

Shin-Etsu Chemical Co Ltd 6,410 -0.31 

Mitsubishi Chemical Holdings Corp 450 -1.96 

Kao Corp 3,115 0.16 

Takeda Pharmaceutical Co Ltd 4,355 -1.36 

Astellas Pharma Inc 5,030 0.90 

Eisai Co Ltd 3,825 -0.39 

Daiichi Sankyo Co Ltd 1,622 -0.25 

Otsuka Holdings Co Ltd 3,135 -2.94 

Oriental Land Co Ltd 14,040 -0.99 

Fujifilm Holdings Corp 2,071 -1.00 

Shiseido Co Ltd 1,461 -0.27 

JX Holdings Inc 459 -0.86 

Bridgestone Corp 3,205 -1.23 

Asahi Glass Co Ltd 715 1.13 

Nippon Steel & Sumitomo Metal Corp 248 0.40 

JFE Holdings Inc 2,014 0.75 

Sumitomo Metal Mining Co Ltd 1,227 -1.37 

Sumitomo Electric Industries Ltd 1,182 0.08 

SMC Corp 20,080 1.01 

Komatsu Ltd 2,443 0.12 

Kubota Corp 1,552 0.91 

Daikin Industries Ltd 4,470 -0.89 

Hitachi Ltd 665 1.06 

Toshiba Corp 465 0.00 

Mitsubishi Electric Corp 973 0.52 

Nidec Corp 6,600 -0.60 

Fujitsu Ltd 403 0.25 

Panasonic Corp 752 1.62 

Sony Corp 2,000 -1.14 

Keyence Corp 30,850 -1.28 

Denso Corp 4,315 -0.69 

Fanuc Corp 14,850 1.50 

Kyocera Corp 9,690 0.10 

Murata Manufacturing Co Ltd 7,580 -1.04 

Nitto Denko Corp 5,830 0.00 

Mitsubishi Heavy Industries Ltd 563 3.49 

Nissan Motor Co Ltd 1,038 -2.26 

Isuzu Motors Ltd 771 -2.77 

Toyota Motor Corp 5,860 -1.84 

Information contained herein is believed to be reliable & has been obtained from sources believed to be reliable, but its accuracy & completeness cannot be guaranteed. This publication is provided for information purposes only and is not intended as an offer or solicitation for the sale of any financial instrument. Prior to entering into any transaction, investors are advised to obtain independent advice 

regarding the suitability of particular financial instruments/strategies based on their investment objectives.

QE welcomes MSCI upgrade - Qatar Tribune

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