Gulf stock markets rise after global uptick

CHINA S CIC TO POUR 2.9BN INTO GDF SUEZ EXPANSION ALEX CARRE NEW GLOBAL HEAD OF CBQ INVESTMENT BANKING Bullion Market GOLD PERCENTAGE PERCENTAGE 1,766.50 +1.35% 38.43 +1.44% Crude oil USD / BBL SILVER PERCENTAGE BRENT 106.24 +3.58% WTI 82.21 +3.67% PAGE 22 IN THE PIPELINE PAGE 23 BOTTOMLINE BUSINESS ETHICS If you don t have integrity, you have nothing. You can t buy it. You can have all the money in the world, but if you are not a moral and ethical person, you really have nothing. HENRY KRAVIS Please send all press releases, coverage requests and invitations regarding business events meant for Qatar Tribune to qatar.businesseditor@gmail.com Businessline IEA trims oil demand forecast for 2011 PARIS The International Energy Agency has trimmed its forecast for global oil demand this year, saying increased evidence of economic slowdown has raised fears of a double-dip recession. The Paris-based agency said in its monthly report that global oil demand this year will be 89.5 million barrels a day on average, or 60,000 barrels a day fewer than the IEA s previous forecast. In its report on Wednesday the IEA said concerns over debt levels in Europe and the US, and signs of slowing economic growth in China and India have spooked the market and raised fears in some quarters of a double-dip recession. (PG 22) Commerzbank profit plunges 93% on Greek writedown FRANKFURT Germany s second biggest bank, Commerzbank, said on Wednesday its second-quarter net plunged 93 percent owing to a massive writedown on Greek debt but maintained its outlook for the full year. Commerzbank reported a net profit of 24 million euros ($34.4 million), down from 352 million euros in the second quarter of 2010. The bank said in a statement that it had revalued its holdings of Greek debt, resulting in a depreciation of 760 million euros, an action taken by other German banks and insurance companies in the second quarter as well. It maintained its full year outlook of an operating profit well above the figure achieved in 2010 in its core operations. In the first six months of the year, operating profit at Commerzbank s core operations leapt to 2.1 billion euros, from 1.1 billion in the same period of 2010, the statement Reaching the full-year outlook depended however on the implementation of the package of measures to tackle the European sovereign debt crisis decided on July 21, it added. () Information KIOSK Exchange Rate Currency buy QR sell QR US 3.6315 3.6485 Euro 5.1771 5.274 Pound Sterling 5.901 5.9724 Indian Rupee 0.0794 0.0811 Pakistani Rupee 0000 0.0424 Philippine Peso 0000 0.0869 Sri Lankan Rupee 0000 0.03388 Bangladeshi Taka 0000 0.0491 Nepalese Rupee 0000 0.0509 Japanese Yen 0.0468 0.04794 Kuwaiti Dinar 13.176 13.431 Saudi Riyal 0.957 0.9736 Omani Riyal 9.246 9.486 UAE Dirham 0.977 0.9938 Bahraini Dinar 9.541 9.691 Source: www.dohabank.com.qa GCC Market index change % Qatar Exchange 8,127.54 +0.70% Kuwait 5,900.80 +0.32% Bahrain 1,272.29 +0.55% Abu Dhabi 2,602.50 +0.96% Dubai 1,460.96 +1.15% Oman 5,471.18-0.62% Saudi Arabia 6,050.76 +0.70% Source: Agencies Qatargas in talks to supply LNG to Vietnam QATARGAS is in talks to supply gas hungry Vietnam with significant amounts of liquefied natural gas, the world s leading LNG exporter said on Wednesday. The Vietnamese government has approved a plan to build a $1-billion LNG import terminal STOCK markets in the oil-rich Gulf region recovered on Wednesday as global markets were rejuvenated by the US Federal Reserve pledge to keep interest rates near zero for at least two years. The Dubai Financial Market index closed 1.15 percent up after it had bounced by more than two percent in the first 15 minutes of trading, with leading shares rising after being mostly in the red since the trading week began. DFM closed at 1,460.96 points following a wave of profit-taking sales. The shares of giant Emaar Properties closed 1.45 percent up after surging 2.91 percent in earlier trading. The property developer which built Burj Khalifa, the world s tallest tower, had seen its shares drop by 2.83 percent on Tuesday. Qatar Exchange, the second largest Arab bourse, also bounced back from the red, closing 0.7 percent up at 8,127.54 points after closing 1.76 percent down on Tuesday. In Abu Dhabi, shares closed 0.96 percent up at 2,602.50 points after opening in the green. All traded sectors were up, with energy shares jumping 2.85 percent and property shares rising 1.54 percent. The financial market of the capital of the United Arab Emirates had closed 1.34 percent down on Tuesday. Local markets have reacted to the movement in US and European markets, said Wadah Taha, chief investment officer at Al Zarooni Group in Dubai. He said that the initial surges at opening were euphoria... which takes place when the reaction is spontaneous after a series of frustrations, adding that profit-taking sales by foreign investors slowed TRIBUNE NEWS NETWORK DOHA ABOUT 40.9 percent professionals in the of Middle East save nothing from their household income, and the the biggest nonhousing expenditure is food, according to the latest online poll series conducted by the Middle East s number one job site Bayt.com. The results of the Bayt.com MENA Saving and Spending Trends poll showed that only 18.3 percent manage to save between 1-10 percent of their to handle 2-3 million tonnes a year, and Qatargas is keen to meet the south-east Asian country s growing need for power plant fuel. Qatargas recognises the potential of the Vietnamese market to absorb significant quantities of LNG in the future as Qatargas seeks to develop a longterm relationship with the pace of recovery. Foreign investors entered the market late yesterday (Tuesday) and they sold today in quick profittaking transactions, he said, adding that purchases by foreigners in Dubai and Abu Dhabi on Tuesday amounted to 166 million dirhams ($45.2 million). There was an expectation that the US Fed will come up with a positive action, he added. Taha insisted that the fundamentals in Gulf markets were strong and that the deterioration was because of panic that trickled down from global markets. Saudi shares also recovered on Wednesday, with the Tadawul All- Shares Index (TASI) increasing 1.66 percent in the first 15 minutes of trading. It traded 0.84 percent up in the afternoon at 6,059.43 points, after it closed 0.81 percent down on Tuesday. The largest Arab bourse shed 5.46 percent of its value on household income. This comes in line with the latest Bayt.com Consumer Confidence Index survey, which revealed salary increases were not keeping up with the cost of living. Poll results revealed 32.3 percent of Middle East professionals spend 21 to 40 percent of their income on rent or mortgage and 34.7 percent even more. Moreover, 66.6 percent said they do not own any home for either personal or investment purposes while as many as 10 percent own two homes or more. After housing, 40.8 percent of PetroVietnam Gas, a spokeswoman for Qatargas said, confirming a statement from the state-run Vietnamese gas company last Friday. Qatargas, one of two big exporters in the Middle Eastern country, has signed a number of long term deals this year, with buyers from Argentina to Malaysia, after boosting its export capacity. Qatar can now produce up to 77 million tonnes of supercooled gas a year and has been looking for new markets since former major importer the United States lost interest in LNG in a North American shale gas boom a few years ago. After a period of global oversupply of gas, soaring demand Gulf stock markets rise after global uptick Taha insisted that the fundamentals in Gulf markets were strong and that the deterioration was because of panic that trickled down from global markets Saturday after being the first market to feel the impact of Friday s historic downgrading of the US credit rating by Standard & Poor s. The Saudi index of petrochemical companies rose by 2.51 percent, with leading SABIC shares recovering by 2.6 percent in morning trading. But the sector reduced gains to 0.49 percent and those of SABIC dropped to 0.78 percent. Muscat Securities Market in Oman also opened positively, increasing 0.87 percent to 5,945.23 points after shedding 2.42 percent of its value on Tuesday. But it closed 0.2 percent down in the red at 5,882.30 points. Kuwait Stock Exchange closed up 0.32 percent at 5,900.8 points. It had opened in the green, trading 0.58 up percent during the day, after closing 1.25 percent down on Tuesday. Asian markets rallied on Wednesday following a bounce by US and European markets late on Tuesday after the US Fed announcement. Those gains came on the heels of a turnaround in Europe, where falls as large as six percent were reversed. London s FTSE-100 index gained 1.89 percent on Tuesday and in Paris the CAC-40 rose 1.63 percent. In Frankfurt the DAX slipped 0.10 percent. European stocks continued their rally on Wednesday as London s FTSE-100 jumped as much as 1.8 percent before reducing profits to 1.01 percent up after the Bank of England downgraded its 2011 British economic growth forecast. respondents claim that their biggest expenditure is on food, and 15.6 percent state it is on school fees. Transport, travel and clothing rack up a collective 23.6 percent of costs, with only 1.5 percent of Middle East professionals spending most on children s items the lowest percentage in this category. The current distribution of expendable income suggests that in the first half of 2011, the majority of respondents are spending on essential items only, with very little being used towards entertainment and the from new consumers in South America and Asia is likely to tighten supplies of LNG and push up prices, analysts say. Vietnam s state oil and gas group said on August 5 it hopes to start receiving LNG from Qatargas from 2013, if talks are successful, to help diversify its gas sources away from purely south-east Asian suppliers. Oil above $82 as Fed pledges low rates to 2013 AP SINGAPORE OIL prices rose above $82 a barrel on Wednesday in Asia after the US central bank said it will keep lending rates at record low levels for the next two years. Benchmark oil for September delivery was up $2.99 to $82.29 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. Crude fell $2.01 to settle at $79.30 on Tuesday. In London, Brent crude was up $2.30 at $104.87 per barrel on the ICE Futures exchange. The US Federal Reserve said Tuesday it plans to keep its key interest rate low until at least 2013, news that helped calm investors nervous the economy could be heading for recession. The Dow Jones industrial average jumped 4 percent Tuesday, reversing earlier losses after the Fed statement. Asian stock markets were mostly higher on Wednesday. A report showing an unexpected decline in US crude supplies also helped push oil prices higher. The American Petroleum Institute said late on Tuesday that crude inventories fell 5.2 million barrels last week while analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos, had predicted an increase of 1.8 million barrels. Inventories of gasoline dropped 1.0 million barrels last week while distillates decreased 600,000 barrels, the API Oil prices have dropped about 30 percent since May and are back near where they were in January before violent political upheavals in the Middle East and North Africa threatened supplies in the oilrich region. Poor hikes depress MENA professionals savings: Survey The current distribution of expendable income suggests that in the first half of 2011, the majority of respondents are spending on essential items only, with very little being used towards entertainment and the purchase of non-essential goods AMER ZUREIKAT, VP SALES AT BAYT.COM purchase of non-essential goods, said Amer Zureikat, VP Sales at Bayt.com. When asked what they would spend extra income on if they had it, 20.2 percent of respondents stated schooling costs for their children. 18.5 percent said they would choose to spend any extra money on either a car or travel, with the majority of respondents (57.8 percent) stating they currently travel once a year. Only 1.4 percent of Middle East professionals said they would use the extra money to purchase more children s items.

22 www.qatar-tribune.com IN THE PIPELINE IEA trims 2011 global oil demand forecast PARIS THE oil market is on a roller-coaster of uncertainty over debt, growth and political paralysis, and clouded by signs of a slowdown in China and India, the IEA said on Wednesday. The International Energy Agency trimmed its estimate for global oil demand this year by 100,000 barrels per day because of a downward revision to demand in the second quarter, high prices and slowing economic growth. The IEA, the energy monitoring arm of the Organisation for Economic Cooperation and Development, said: Concerns over debt levels in Europe and the US, and signs of slowing economic growth in China and India have spooked the market and raised fears in some quarters of a double-dip recession. From an oil market standpoint, perceived wisdom is that this must inevitably mean weaker oil demand to come. The agency also commented: Arguably, political paralysis has played a greater role in the current situation than has the financial sector. The IEA, meanwhile, raised its 2012 forecast by 100,000 barrels per day, anticipating that Japan will increase its oil consumption to compensate for the loss of nuclear-generated electricity in the aftermath of the devastating March earthquake. Japan is promoting efforts to reduce energy consumption, which the IEA estimated would fall by 4.5 percent this year. It also noted that of 54 Japanese nuclear reactors which usually cover for 27 percent of demand for electricity, currently only 16 are online. Referring to a mixture of regular maintenance on other plants and pressures of public safety and new tests, it said that without a change in policy or maintenance schedules, all 54 reactors will be offline by The International Energy Agency trimmed its estimate for global oil demand this year by 100,000 barrels per day. May 2012. It said oil was on a big dipper, with oil prices plunging $12-15 dollars a barrel in about 10 days. Warning that the outlook is very volatile, the IEA said, August has a habit of springing both geopolitical and meteorological surprises, so the big dipper ride may still have further to run. It acknowledged that its assumption of global economic growth of more than 4 percent in 2011-2012 might seem optimistic in the present climate. Oil prices were firmer after the report was published. Brent North Sea oil for September was up $3.95 to $106.50 per barrel and New York s main West Texas Intermediate light sweet crude contract for Saudi oil production rose to 30-year peak in July DOW JONES LONDON OPEC kingpin Saudi Arabia s oil production in July reached its highest level in three decades, averaging 9.8 million barrels a day, the International Energy Agency said on Wednesday. This is because the Saudis have stepped in to replace around 70 percent of the oil production shut down by the Libyan civil war, the IEA September was up $3.13 to $82.43. On Chinese demand, a key issue in the last five years, the IEA said that for the first time since March 2009, China s monthly apparent demand... contracted on an annual basis, falling by 1.5 percent in June. This data, which should be treated with caution the agency said, was however in line with evidence that said in its monthly oil market report. The kingdom has increased oil output by 1.1 million barrels a day since the outbreak of hostilities in Libya, it The last time Saudi Arabia produced around the 10 million barrel a day mark was in 1981, after the Kingdom had earlier surged output to offset lost supplies from Iran following the fall of the Shah, the IEA China s economy is also slowing down. Indian demand rose by 1.8 percent in June, a notably lower rate than in the previous six months and the Indian economy has shown signs of slowing. Demand in Brazil, an oil producer, grew 2.8 percent in May but high inflation and persistent monetary tightening (represented) a downside risk to the economy. The IEA s new forecasts put demand this year at 89.5 million barrels per day, up 1.2 mbd or 1.4 percent from 2010, with 2012 rising to 91.9 mbd, up 1.6 mbd or 1.8 percent from this year. Should global economic activity slow by more than expected, however, the demand figure for this year would be cut by 0.3 mbd and next year by 1.3 mbd. The agency noted that extra supplies of oil were now reaching the market, notably because members of the Organisation of Petroleum Exporting Countries had increased supplies in order to make up for a shortfall in Libya. Another factor was that the IEA had earlier released oil from emergency stocks for 30 days to bridge a period of tightness arising from the strangling of supplies from Libya. This has been sufficient to sharply weaken prices. Lower energy input costs are well and good but not if they are achieved at the cost of another economic crisis, the IEA Surge Energy in black as output jumps CALGARY SURGE Energy climbed into the black in the second quarter as output more than doubled against a backdrop of sharply higher crude prices, the Canadian junior oil company said on Wednesday. Surge, which explores for light oil in Alberta, Manitoba and North Dakota, said it expects to end the year producing 7,500 barrels of oil equivalent a day, up 48 percent from its second-quarter average. The company earned C$3.3 million ($3.3 million), or 6 Canadian cents a share in the quarter, compared with a year-earlier loss of C$7.1 million, or 26 Canadian cents a share. Funds from operations, a glimpse into the company s ability to pay for drilling, rose 151 percent to C$11.9 million from C$4.7 million. Per share, the figure was 21 Canadian cents, up 24 percent from 17 Canadian cents Output averaged 5,051 barrels of oil equivalent a day in the quarter, up 124 percent despite an 18-day maintenance outage at the company s Valhalla South operations in Alberta and shut-in production at Waskeda in Manitoba due to wet weather and flooding in the region. China s CIC to pour 2.9bn into GDF Suez expansion PARIS FRENCH energy group GDF Suez announced on Wednesday an alliance with Chinese sovereign wealth fund CIC, which will invest 2.9 billion euros to help the company boost expansion in Asia-Pacific and China. GDF Suez confirmed the deal as it reported a 7.9 percent rise in sales to 45.68 billion euros in the first-half of the year and an 8.2 percent increase in operating profit to 8.9 billion. A 23 percent drop in net profits was attributed to strong earnings in 2010 based on exceptional elements. The deal will see China Investment Corporation invest 2.3 billion euros in exchange for a 30-percent stake in the French company s exploration and production arm. CIC will also take a 10-percent stake in a liquefaction plant in Trinidad and Tobago for 600 million euros, GDF Suez said in a statement. The energy giant said it was in advanced talks with CIC to complete the cooperation agreement which although centred on Asia-Pacific will extend across multiple businesses and regions. This partnership will allow us to step up our development in Asia and China, The deal will see China Investment Corporation invest 2.3 billion euros in exchange for a 30 percent stake in the GDF Suez exploration and production arm. regions which present the strongest rate of development and the greatest energy need in the coming years, GDF Suez chairman and chief executive Gerard Mestrallet said during a telephone conference. The head of the group, which employs 11,000 in Asia-Pacific, said the agreement would also allow us to establish partnerships with other Chinese businesses. China, which mainly relies on coal energy, is beginning to turn towards gas and GDF Suez, whose production is currently anchored in the North Sea and the Maghreb, has major projects in the Asia-Pacific and Australia and in Indonesia in particular. CIC was established in 2007 to invest some of China s huge foreign exchange reserves on the global financial markets. Announcing its first-half results on Wednesday, GDF Suez said it would meet its annual operating profit (EBITDA) target of between 17 and 17.5 billion euros, excluding the effects of bad weather at the start of the year. The unfavourable weather impact on the Group s domestic markets at the end of June was estimated at 465 million euros, the company The company also warned that any rate freeze in France would adversely affect revenue for the rest of the year. The CGT labour union condemned the alliance on Tuesday as the carving up of the historic Gaz de France company. Despite a commitment to preserve an integrated group, the union said, the carving up of a historic business to finance the international development of GDF Suez is continuing. Virgin Atlantic swings to full-year profit LONDON BRITISH airline Virgin Atlantic swung to a full-year profit but said market conditions had become tougher in recent months due to higher fuel prices and weakening consumer confidence. The airline, majority owned by British billionaire Richard Branson s Virgin Group, reported a pretax profit of 18.5 million pounds ($30 million) in the year to March, compared to a loss of 132 million pounds in the same period a year ago. It said revenues grew 13 percent to 2.7 billion pounds. Virgin Atlantic, the secondlargest long-haul carrier at London s Heathrow airport, said revenues in the first quarter of its new fiscal year had jumped 7.6 percent to 658 million pounds but that recent trading conditions had become more challenging. Since the turn of the year, market conditions have become tougher with increased capacity, faltering consumer confidence and high fuel prices, Steve Ridgway, Virgin Atlantic s Chief Executive We are also seeing softer trading in the areas that are hit hardest by the continued rises in Air Passenger Duty, particularly the Caribbean routes and premium economy cabins. Whilst business traffic remains strong, demand in the economy cabin is more challenged. While air travel has picked up after the 2008/2009 global downturn, fuel costs, political unrest and a drop in traffic caused by the March 11 Japanese earthquake and tsunami are causing headaches for airlines across the world. Virgin Atlantic said revenues in the first quarter of its new fiscal year had jumped 7.6 percent to 658 million Industry body IATA last month said premium traffic had slumped because of Japan s nuclear crisis, weakening world trade and Middle East turmoil and that the soft patch could continue for the next few months. Air France and Lufthansa last month reported results battered by high fuel costs and said capacity would not grow as quickly as previously planned over the winter. In the US, shares in Delta Air Lines fell to a year low after it said fuel costs grew at a higher rate than revenue. Cathay Pacific net profit down 59% in first half HONG KONG CATHAY Pacific Airways, Asia s No 4 air carrier by market value, posted a betterthan-expected 59 percent fall in first-half net profit on soaring fuel costs and placed an order for 12 Boeing aircraft with a list price of $3.28 billion. Cathay, the dominant airline in Hong Kong, said that after an exceptionally strong 2010, this year was proving to be more challenging. High fuel prices are increasing costs and recovering them through higher tariffs may affect demand, Chairman Christopher Pratt said in a statement. Fuel costs, a key cost driver, rose 49.5 percent in the first six months against the same period last year and significantly affected profitability during the reported period, the airline Shares of Cathay have lost about a quarter of their value this year on rising oil prices and recent market volatility, triggered by Standard & Poor s credit rating downgrade of the United States. The stock eased 0.5 percent to HK$16.20 ahead of the results. But analysts said the betterthan-expected results could give the stock support. No matter the headline or bottom line, they performed well and beat regional rivals such as Singapore Airlines, said Nomura analyst Jim Shares of Cathay have lost about a quarter of their value this year due to rising oil prices and recent market volatility. Wong. Net profit dropped quite a lot but 2010 was an exceptionally good year. Regional rival Singapore Airlines in July reported an 82 percent drop in net profit to S$44.7 million ($36.7 million) for the quarter ended June 30. Cathay also announced on Wednesday that it had placed orders for four Boeing 777-300ER aircraft and eight Boeing 777-200F freighters with a total list price of $3.28 billion to replenish and expand its fleet. Boeing had granted Cathay significant price concessions for the aircraft, which are expected to be delivered between 2013 and 2016, the company Cathay reported a net profit of HK$2.81 billion ($359.9 million) for the six months ended June, down from a record of HK$6.84 billion a year earlier when it booked profit of HK$2.17 billion from the sale of investments. But the first-half earnings beat an average forecast of HK$1.5 billion from four analysts polled by Reuters. Revenue rose 13.2 percent to HK$46.79 billion, while profit margin fell 10.5 percentage points to 6.0 percent. The passenger business performed well in the first half with strong demand for premium class travel despite uncertainty in some of the world s major economies, Pratt Its cargo business performed reasonably well in the first quarter but was appreciably weaker in the second quarter. Oil hedging activities resulted in a realised profit of HK$962 million with additional unrealized gains of HK$1.2 billion being recognised in reserves, the company Hestya Energy buys refinery HAMBURG PRIVATE Dutch company Hestya Energy said on Wednesday it has signed an agreement to purchase Wilhelmshaven oil refinery in Germany, put up for sale by US group ConocoPhillips. ConocoPhillips said in July 2010 it would either sell the 260,000 barrels-a-day refinery or turn it into an oil distribution terminal as part of its strategy of cutting downstream operations and output has been stopped. No price for the deal was given. A Hestya Energy spokesman said it was planned to resume refinery operations as soon as possible but no date was being given.

GLOBAL ECONOMY www.qatar-tribune.com 23 Wall Street drops on French bank worry NEW YORK STOCKS fell sharply on Wednesday, wiping out most of the previous session s gains, on fears of tumult in the French banking sector, which has significant exposure to shaky European debt. US financial stocks led the decline on worries that any French bank problems could spread to them. The KBW bank index slid 6 percent. Large financial institutions shares sank, including Bank of America Corp, down 7.2 percent at $7.05. French banks shares tumbled in Paris trading even after a Societe Generale spokeswoman denied rumors of trouble. Societe General, where US traders have Traders work on the floor of the New York Stock Exchange on Wednesday. () focused their attention, fell 14.7 percent and BNP Paribas dropped 9.5 percent. You ve already had situations in Greece, Spain has been in there, Portugal, and now if you are talking about France, which because it s a bigger economy, it probably generates more concern on a comparison basis, said Gordon Charlop, managing director of Rosenblatt Securities in New York. So there are investors who are a little bit more cautious about European financials and that translates into financials here. Stocks rallied on Tuesday after the Federal Reserve promised to keep interest rates near zero for at least two more years. The S&P 500 index had its best performance in more than two years. Investors are kind of pondering Bernanke s message and are probably looking for something more than they got. They might be selling into the meeting that he is having at Jackson Hole that could be part of it, too, Charlop The Fed chairman is due to give his yearly speech at the Jackson Hole, Wyoming, meeting at the end of August. The Dow Jones industrial average dropped 363.17 points, or 3.23 percent, to 10,876.60. The Standard & Poor s 500 Index lost 36.12 points, or 3.08 percent, to 1,136.41. The Nasdaq Composite Index fell 70.01 points, or 2.82 percent, to 2,412.51. The CBOE Volatility Index shot up 19.1 percent. Earlier, the VIX had climbed slightly more than 20 percent, representing the third session in the last five that the index has jumped at least 20 percent. Walt Disney Co was among the Dow s worst performers, tumbling 9.6 percent to $31.38 a day after the company s quarterly results failed to reassure investors that the entertainment company could do well in a weak US economy. Even after Tuesday s snapback rally, the S&P 500 is down nearly 17 percent since its 2011 closing high set on April 29. Worries about the US economy and high levels of public debt in Europe have sent stocks cascading down sharply over the last two weeks. S&P balks at SEC move on rating errors WASHINGTON STANDARD & Poor s, whose unprecedented downgrade of US debt triggered a worldwide stocks sell-off, is pushing back against a US government proposal that would require credit raters to disclose significant errors in how they calculate their ratings. S&P, which was accused by the Obama administration of making an error in its calculations leading to Friday s downgrade, raised concern about the proposed new corrections policy and other issues in an 84-page letter to the Securities and Exchange Commission, dated August 8. The 517-page proposal includes a requirement that ratings agencies post on their websites when a significant error is identified in their methodology for a credit rating action The SEC is weighing sweeping new rules designed to improve the quality of ratings after their poor performance in the financial crisis. The 517-page proposal includes a requirement that ratings agencies post on their websites when a significant error is identified in their methodology for a credit rating action. The letter was sent three days after the Treasury Department accused S&P of miscalculating by some $2 trillion the US debt in the next 10 years. That calculation was in a draft press release announcing a downgrade in the government s credit rating from AAA to AA-plus. S&P vehemently denied it had made an error, but acknowledged that it changed its long-term economic assumptions after discussions with the Treasury Department. It switched to another economic scenario that resulted in a debt load $2 trillion smaller by 2021. But it said that did not affect its decision to downgrade the US debt. S&P s criticism of the significant error proposal is part of a broader concern that the SEC s reforms prompted by the Dodd- Frank financial oversight law could give the US government undue influence over its ratings decisions. S&P in particular is facing a tense relationship with Washington. Its downgrade sparked a backlash from Administration officials and lawmakers from both sides of the aisle. A Senate Banking Committee aide on Monday said the panel has begun looking into S&P s decision to downgrade the US credit rating. The SEC s proposal, issued in May, contains a wide range of provisions, including requiring credit raters to disclose more about their internal controls, to protect against conflicts of interest, and to reveal more about their rating methods. But one issue that really rubbed Standard & Poor s the wrong way was the proposed requirement that raters disclose when a significant error is identified in a procedure or methodology and especially, who should define what that is. The SEC s proposal asks questions about whether the SEC should define the term significant error. If the commission were to define the term significant error... we believe it would effectively be substituting its judgment for the credit-rating agency s, S&P President Deven Sharma said in the letter. He said S&P s own error correction policy has proven to be effective and, where errors have occurred, our practice of reacting swiftly and transparently has benefited the market. Barbara Roper, director of investor protection for the Consumer Federation of America, said that policy has proven inadequate. What was their correction policy on their Enron rating? What was their correction policy on their Lehman rating? What was their correction policy on their Bear Stearns rating? They don t have an error correction policy they have an error denial policy, and the SEC is absolutely right to step in, Roper McGraw Hill s Standard & Poor identifies numerous issues with the SEC s proposal, including concerns about competition and that rules are consistent globally. HSBC sells $30bn card portfolio HONG KONG HSBC is selling its US credit card arm to Capital One Financial Corp in a $32.7 billion deal as Europe s top bank streamlines its mammoth operations. It marks the second major deal in the United States for cards specialist Capital One, which said it was paying a $2.6 billion premium over the value of the loans. For HSBC, it is part of a radical overhaul to save $3.5 billion by new chief executive Stuart Gulliver. This sale frees up capital and it shows that Stuart Gulliver is executing on the priorities that he s laid out, said John Wadle, an analyst with Mirae Asset Management. The price the business fetched was somewhat disappointing, but it shows that it was a buyer s market. All in, it is still progress because at least they completed this, and it did not take too long, he added. Credit card portfolios are valued at a discount or premium to the loans the buyer takes on. Before the financial crisis portfolios could be sold at hefty premiums of over 20 percent, but more recent sales have been at slim premiums, discounts or have been scrapped. HSBC s US credit card unit has total assets of about $30.4 billion, primarily its loans to customers which will transfer to Capital One s books. The deal further unravels HSBC s disastrous $15 billion purchase of US consumer lending firm Household in 2003, which executives now admit was a bad deal as they have taken massive losses on the sub-prime home loans they took on. The deal created one of the world s top 10 credit card firms and HSBC said it gave it the scale and expertise to broaden its cards business across the world. Almost half of Household s $105 billion of loans were to credit card customers. The deal marks the second time Capital One has swooped for unwanted US assets from a retreating European bank in recent months. The McLean, Virginia-based firm said in June it was buying ING s US online bank for $9 billion in cash and stock. Rupee ends 5 paise down against dollar PTI MUMBAI SHRUGGING off smart recovery in equities, fag-end dollar demand from importers amid heavy capital outflows led the Indian rupee to wash out all of its initial gains to end down by another five paise at near 11- week low of 45.25/26 against the Greenback, stretching losses for the seventh straight session. At the Interbank Foreign Exchange (Forex) market, the domestic currency opened strong at 45.01/02 a dollar from Tuesday s close of 45.20/21 and touched a high of 44.95 on the back strong rebound in equities. Stock markets in Asian and Europe displayed a positive trend today due to smart sprung back on Wall Street on Tuesday after US Federal Reserve promised to keep interest rates near zero till mid-2013, sending the Indian benchmark closing up by nearly 273 points or 1.62 per cent, snapping 6-sessions of losing string. However, sustained dollar demand from importers, mainly oil refiners, in the later part of the day weighed on the sentiment and the rupee fell back to a low of 45.29 before closing at 45.25/26. Foreign Institutional Investors (FIIs) took out $1.27 billion from equities in six sessions since August 2. In New York, the US dollar extended its retreat on Tuesday after the Federal Reserve spooked the markets.

24 www.qatar-tribune.com BULLS & BEARS QATAR EXCHANGE ADJ.CLOSE CHANGE CHANGE % BID SIZE BID ASK ASK SIZE OPEN HIGH LOW LAST PREVIUOS CLOSE NUMBER TRADES VOLUME TRADED VALUE (000) YEAR HIGH YEAR LOW Aamal Holding 16.80 (0.30) (1.75) 7,000 16.30 16.70 633 16.20 16.80 16.20 16.80 17.10 36 22,644 372.95 25.00 17.00 Al-Ahli Bank of Qatar 72.00 1.80 2.56 5,000 70.20 75.00 4,456 72.00 72.00 72.00 72.00 70.20 3 20,000 1,440.00 75.00 55.20 Al Khaleeji Bank 17.00 0.00 0.00 239 17.00 17.01 5,393 17.00 17.02 16.75 17.00 17.00 76 235,831 4,007.06 22.10 16.01 Al Meera Consumer 118.10 (6.40) (5.14) 2,685 118.10 118.60 207 124.80 124.80 114.10 118.10 124.50 281 107,429 12,859.53 138.80 59.80 Al Khaleej Holding 15.09 (0.36) (2.33) 1,525 15.07 15.09 87 14.51 15.44 14.51 15.09 15.45 143 171,848 2,588.80 18.86 12.97 Al Khaleej Group 43.50 (1.00) (2.25) 204 43.30 43.50 32 44.40 44.40 43.40 43.50 44.50 20 13,443 588.62 52.90 35.60 Barwa Real Estate QSC 28.10 (0.90) (3.10) 22,740 28.00 28.10 17,555 27.60 28.70 27.60 28.10 29.00 1,269 3,055,926 85,767.32 39.20 27.15 Dlala Brokerage and Investment Holding Co 14.15 0.00 0.00 2,000 13.93 14.15 1,223 14.01 14.34 13.92 14.15 14.15 18 19,600 275.30 17.59 14.00 Doha Bank Ltd 53.00 (1.30) (2.39) 800 53.00 53.30 500 52.00 53.80 52.00 53.00 54.30 280 491,216 25,988.77 66.90 45.00 Doha Insurance Co 27.60 (0.40) (1.43) 729 27.55 27.60 1 27.50 27.60 27.50 27.60 28.00 7 13,179 363.49 32.50 25.50 Ezdan Real Estate 21.50 (0.70) (3.15) 3,814 21.50 21.85 544 22.10 22.20 21.40 21.50 22.20 8 4,186 90.48 30.80 21.30 Gulf Intr Serv 24.75 (1.45) (5.53) 2,340 24.75 24.76 2,000 25.55 25.55 24.65 24.75 26.20 301 423,706 10,596.42 30.30 23.01 Gulf Warehousing 31.90 (0.45) (1.39) 1,500 31.90 31.95 450 32.00 32.35 31.90 31.90 32.35 28 27,500 882.82 37.25 22.50 Industries Qatar QSC 129.00 (5.50) (4.09) 23,950 128.80 129.00 5,900 133.80 133.80 128.00 129.00 134.50 972 1,241,269 161,317.12 154.50 116.00 Islamic Holding 24.50 (0.70) (2.78) 444 24.05 24.50 341 24.70 25.90 24.50 24.50 25.20 16 12,330 303.85 32.00 23.00 Mannai Corp. 97.90 (3.10) (3.07) 1,077 97.80 101.00 400 98.00 98.00 97.80 97.90 101.00 8 2,995 293.22 151.70 98.00 Masraf Al Rayyan 22.59 (0.54) (2.33) 42,915 22.59 22.60 2,513 22.40 22.95 22.31 22.59 23.13 923 3,280,000 74,233.59 25.30 18.90 Mazaya Qatar 7.92 (0.44) (5.26) 6,846 7.92 7.96 3,388 8.00 8.22 7.55 7.96 8.36 52 116,783 918.47 10.50 7.86 Medicare Group 22.10 0.00 0.00 1,521 21.15 22.00 652 21.60 22.10 21.11 22.10 22.10 36 75,366 1,634.75 25.60 16.30 National Leasing Company 37.50 (0.45) (1.19) 884 37.55 37.60 2,000 37.15 38.00 35.00 37.50 37.95 57 81,309 3,025.08 50.10 31.50 Qatar Cinema and Film 56.10 5.10 10.00 1 56.00 56.10 199 56.10 56.10 56.00 56.10 51.00 3 200 11.21 66.00 25.80 Commercial Bank of Qatar 72.00 (1.60) (2.17) 6,998 71.90 72.00 10,124 72.20 73.70 71.40 72.00 73.60 493 639,325 46,363.64 94.60 62.40 Qatar Electricity & Water 133.00 (2.00) (1.48) 2,341 132.30 133.00 491 132.00 135.00 132.00 133.00 135.00 162 136,840 18,304.60 154.90 116.00 Qatar Gas Transport Company 16.85 (0.33) (1.92) 2,000 16.84 16.85 40,064 17.00 17.06 16.79 16.85 17.18 421 1,347,149 22,837.54 20.70 16.04 Qatar General Insurance & Reinsurance 44.00 0.00 0.00 1,000 41.65 44.00 2,000 0.00 0.00 0.00 0.00 44.00 0 0 0.00 70.40 40.00 Qatar Industrial Manufacturing 51.00 (1.50) (2.86) 500 51.00 51.50 1,320 52.00 52.00 50.10 51.00 52.50 10 8,967 454.33 61.90 48.20 Qatar International Islamic Bank QSC 47.60 (0.60) (1.24) 2,166 47.60 47.70 688 48.00 48.00 47.50 47.60 48.20 148 184,027 8,812.56 58.40 43.90 Qatar Islamic Bank 76.50 (0.60) (0.78) 4,668 76.40 76.50 29,327 76.50 77.00 75.30 76.50 77.10 292 374,529 28,686.57 92.00 71.30 Qatar Islamic Insurance 52.50 1.20 2.34 1,188 49.00 52.50 422 48.30 52.50 48.30 52.50 51.30 7 2,337 114.13 61.90 36.10 Qatar Meat & Livestock Company 18.81 (0.64) (3.29) 2,000 18.84 18.88 850 19.00 19.25 18.76 18.81 19.45 91 104,366 1,977.18 23.40 14.60 Qatar National Cement 107.60 (3.50) (3.15) 100 107.60 109.50 700 109.90 110.00 106.30 107.60 111.10 41 47,800 5,240.15 124.90 97.70 Qatar Telecom 150.70 (1.80) (1.18) 784 150.70 153.00 988 147.00 153.00 147.00 150.70 152.50 132 69,004 10,433.67 182.80 134.40 Qatari German Company for Medical Devices 8.00 (0.20) (2.44) 231 7.95 8.00 6,270 7.92 8.12 7.92 8.00 8.20 23 17,324 137.90 10.19 7.74 Qatar Fuel Company 243.00 (7.00) (2.80) 11 243.00 244.00 9,850 246.00 248.00 241.00 243.00 250.00 163 54,067 13,261.36 278.20 211.00 Qatar Insurance Company 78.50 (2.50) (3.09) 1,910 78.50 78.70 113 80.50 80.50 78.50 78.50 81.00 48 58,720 4,671.06 94.00 72.70 Qatar Navigation Q.S.C. 76.40 (1.30) (1.67) 918 76.30 76.40 3,257 77.00 77.90 76.20 76.40 77.70 85 89,714 6,895.80 104.90 77.00 Qatar Oman Inves 7.78 (0.32) (3.95) 2,842 7.78 7.80 3,324 7.95 8.00 7.75 7.78 8.10 79 302,853 2,380.73 10.20 8.00 Qatar National Bank 137.40 0.10 0.07 5,367 137.20 137.40 4,820 136.00 137.80 136.00 137.40 137.30 327 304,113 41,629.39 191.42 114.48 Salam International Investment Co 11.02 (0.35) (3.08) 744 11.02 11.03 1,697 11.13 11.16 11.00 11.02 11.37 63 161,993 1,797.53 14.60 9.78 United Development Company 19.35 (0.65) (3.25) 1,230 19.32 19.35 1,000 19.89 19.89 19.00 19.35 20.00 182 466,880 9,000.28 30.90 19.31 Vodafone Qatar 7.37 (0.25) (3.28) 8,394 7.32 7.37 6,311 7.55 7.55 7.30 7.37 7.62 257 1,017,060 7,484.40 8.40 7.30 ZAD Holding 47.20 (2.75) (5.51) 717 47.20 48.30 301 46.10 48.50 46.10 47.20 49.95 15 6,343 296.67 63.70 44.85 Dubai Financial Market 1,460.96 1.15 ACICO Industries Co 5.00 0.00 Agility Public Warehousing Co 17.60 0.00 Air Arabia 0.64 1.11 Al Firdous Holdings 0.70 0.00 Al Mazaya Holding Company 3.10 0.00 Al Sagr National Insurance Company 4.55 0.00 Al Salam Bank Bahrain 0.47 0.00 Alliance Insurance 383.50 0.00 Al Madina For Finance And Investment Co 0.40 2.56 Al Salam Bank Sudan 1.72 0.00 Amlak Finance 1.02 0.00 Arab Heavy Industries 193.35 0.00 Arab Insurance Group 1.90 0.00 Arab Orient Insurance Co 0.00 0.00 ARABTEC HOLDING 1.34 3.08 Aramex 1.70 0.59 Dubai Investment 0.77 0.65 Dubai Islamic Bank (Public Joint Stock Co) 1.99 2.05 Dubai Refreshment 10.50 0.00 Abu Dhabi Securities Exchange 2,602.50 0.96 Al Ain Ahlia Insurance Co 40.00 0.00 Al Buhaira National Insurance Co 8.90 0.00 Abu Dhabi Aviation 3.30 0.00 Abu Dhabi Commercial Bank 2.99 1.35 Abu Dhabi Islamic Bank 3.33 2.79 Abu Dhabi National Hotels Co 2.50 0.00 Abu Dhabi National Insurance Co 6.00 0.00 Abu Dhabi Ship Building 2.00 0.00 Al Fujairah National Insurance Co 300.00 0.00 Agthia Group 1.90 2.09 Al Khazna Insurance Co 0.59 5.56 Aldar Properties 1.20 3.42 Arkan Building Materials Co 1.19 1.69 International Fish Farming Holding Co 5.10 0.00 Al Wathba Insurance Co 5.60 0.00 Abu Dhabi National Co For Bldg. Materials 1.17-0.85 Bank Of Sharjah 1.80 0.00 Commercial Bank International 1.00 0.00 Dana Gas Co Pjs 0.55 0.00 Al Dhafra Insurance Co 6.20 1.66 Emirates Driving Co 3.60 0.00 Emirates Insurance Co 6.14 0.00 Emirates Telecommunication Corporation Ltd 10.35 0.00 Fujairah Building Industries 2.21 0.00 Fujairah Cement Industries 1.09 0.00 First Gulf Bank 15.75 2.61 Finance House 3.50 0.00 Foodco Holding 1.78 0.00 Fujairah Trade Centre 0.00 0.00 Bahrain Stock Exchange 1,272.29 0.55 Al Baraka Banking Group 1.15 0.00 Ahli United Bank 0.73 2.11 Alahlia Insurance Co 0.36 0.00 Al Salam Bank Bahrain 0.05 0.00 Aluminum Bahrain (duplicate) 0.88 1.15 Arab Banking Corporation 0.46 0.00 Arab Insurance Group 0.48 0.00 Ahli United Bank 0.40 0.00 Bahrain Kuwait Insurance Co 0.67 0.00 Bahrain Car Parks Co 0.18 0.00 Bahrain Cinema Company 0.80 0.00 Bahrain Commercial Facilities Co 0.39 0.00 Bahrain Duty Free Shop Complex 0.69 0.00 Bahrain Family Leisure Co 0.11 0.00 Bahrain Flour Mills Co 0.40 0.00 Bahrain Islamic Bank 0.10 0.00 BMMI 0.58 0.00 Bahrain National Holding Co 0.42 0.00 Bahrain Ship Repairing and Engineering Co 1.70 0.00 Bahrain Telecommunications Co 0.41-0.97 Bahrain Tourism Co 0.32 0.00 Bahraini Saudi Bank 0.07 0.00 ABU DHABI BAHRAIN Deyaar Development 0.26 4.76 Dubai Financial Market 1.13 1.80 Dubai National Insurance and Reinsurance Co 1.87 0.00 Drake and Scull International 0.90-1.10 Emirates Integrated Telecommunications Co 3.07 1.32 Dubai Development Co 2.24 0.00 Dubai Insurance Company 2.60 0.00 Commercial Bank Of Dubai 3.00 0.00 Ekttitab Holding Co 0.32 2.89 Emirates Islamic Bank 0.00 0.00 Emaar Properties (PJSC) 2.79 1.45 Emirates Investment Bank 863.64 0.00 Emirates NBD Bank 3.90 0.00 Emirates Refreshments 6.05 0.00 Global Investment House 0.37-10.00 Grand Real Estate Projects 1.37 0.00 Gulf Finance House 0.43-2.75 Gulf General Investments Co 0.27 0.00 Gulf Navigation Holding 0.32 2.58 Gulf Petroleum Investment 5.14 0.00 Gulf Cement Co 0.97 0.00 Green Crescent Insurance Co 0.58 3.57 Gulf Livestock Co 6.98 0.00 Gulf Medical Projects Co 1.51 7.09 Gulf Pharmaceutical Industries 2.15 2.38 Insurance House 1.02 0.00 Invest Bank 1.63 0.00 Methaq Takaful Insurance Co 1.42 2.14 National Bank Of Abu Dhabi 11.10 1.36 National Bank Of Fujairah 4.38 0.00 National Bank Of Umm Al Qaiwain 2.05 0.00 National Corp For Tourism And Hotels 5.00 0.00 National Marine Dredging Co 10.65 0.00 Oman And Emirates Investment Holding Co 0.70 0.00 Umm Al Qaiwain Cement Industries Co 0.63 0.00 Qatar Telecom Qtel Qsc 152.00 0.00 National Bank Of Ras Al Khaimah 4.80 1.49 Ras Al Khaimah For White Cement & Const. Mat. 1.53 1.29 Ras Al Khaimah National Insurance Co 3.85 0.00 Ras Al Khaimah Poultry And Feeding Co 1.46 0.00 Ras Al Khaima Cement Co 0.76 2.63 Ras Al Khaimah Ceramic 1.73 1.73 Rak Properties 0.35 0.00 Sharjah Cement And Industrial Devl Co 0.52-1.82 Sudatel Telecom Group Limited 1.45 0.00 Sharjah Islamic Bank 0.89 0.00 Sharjah Insurance Co 5.25 0.00 Sorouh Real Estate Co 1.20 2.56 Abu Dhabi National Energy Co 1.21 4.27 Abu Dhabi National Takaful Co 7.00 0.00 Banader Hotels Co 0.16 0.00 BBK 0.42 0.00 Bank Muscat 0.72 0.00 Bahrain Middle East Bank 0.08 0.00 Delmon Poultry Co 0.22 0.00 Esterad Investment Co 0.13 0.00 General Trading and Food Processing Co 0.24 0.00 Global Investment House 0.15 0.00 Gulf Finance House 0.13 4.00 Gulf Hotel Group Gulf Hotel 0.80 0.00 Gulf Monetary Group 0.04 0.00 Inovest 0.32 0.00 International Investment Group 0.68 0.00 Investcorp Bank 1,138.50 0.00 Ithmaar Bank 0.08 0.00 Khaleeji Commercial Bank 0.04 0.00 Nass Corporation 0.15-2.53 National Bank of Bahrain 0.58 0.00 National Hotels Co 0.45 0.00 Securities and Investment Co 0.31 0.00 Seef Properties 0.09 0.00 Taib Bank 2.73 0.00 Takaful International Co 0.29 0.00 Kuwait Stock Exchange 5,900.80 0.32 Aayan Leasing And Investment Co 71.00 0.00 Burgan Co For Well Drilling Trdg & Maintenance 300.00-1.64 Al Ahli Bank Of Kuwait 660.00 1.54 Al Abraj Holding Company 24.50 0.00 Abyaar Real Estate Development Company 25.50 2.00 Acico Industries Co 240.00 0.84 Al Dar National Real Estate Co 14.00 0.00 Arabi Holding Group Company 99.00 0.00 Agility Public Warehousing Co 260.00 0.00 Aref Investment Group 52.00 0.00 Al Ahleia Insurance Co 485.00 0.00 Al Ahlia Holding Co 11.50 0.00 Aviation Lease And Finance Company 335.00 1.52 Kuwait Real Estate Holding Company 31.00 0.00 Alimtiaz Investment Company 158.00 1.28 Al Kout Industrial Projects Company 330.00 0.00 Al Mudon International Real Estate Co 230.00 0.88 Al Nawadi Holding Co 73.00 0.00 Qurain Petrochemical Industries Co 214.00 1.90 Al Rai Media Group Co 77.00-3.75 Al Aman Investment Company 40.00 0.00 Tameer Real Estate Investment Co 59.00 0.00 Amwal Intl Investment Co 64.00 0.00 Aqar Real Estate Investments Co 90.00 0.00 Al Arabiya Real Estate Company 33.00 0.00 Ajial Real Estate Entertainment Company 116.00 0.00 Aref Energy Holding Company 93.00 3.33 Alargan International Real Estate Co 160.00 0.00 Arab Insurance Group 132.00 0.00 Arkan Al Kuwait Real Estate Co 51.00-7.27 Automated Systems Co 220.00 0.00 Advanced Technology Co 590.00 0.00 Ahli United Bank 200.00-1.96 Aayan Real Estate Co 56.00 1.82 Bayan Investment Co 34.50 0.00 Boubyan International Industries Holding Co 100.00 0.00 Bahrain Kuwait Insurance Co 325.00 0.00 Ahli United Bank 880.00 2.33 Boubyan Bank 590.00 0.00 Boubyan Petrochemical Co 530.00 0.00 Burqan Bank 470.00 0.00 Gulf Cable And Electrical Industries Co 1,520.00 2.70 Commercial Bank Of Kuwait 850.00 0.00 Combined Group Contracting Co 1,680.00 1.20 National Cleaning Company 130.00-4.41 Coast Investment And Development Co 51.00 2.00 Damac Kuwaiti Holding Company 116.00 0.00 Danah Al Safat Foodstuff Co 69.00 7.81 Al Deera Holding Co 21.00-6.67 Egypt Kuwait Holding Company 305.00 1.67 Ekttitab Holding Co 24.50-2.00 Al Enmaa Real Estate Company 98.00 2.08 Equipment Holding Company 55.00 1.85 Muscat Securities Market (Duplicate) 5,471.18-0.62 Al Anwar Ceramic Tiles Co 0.27 1.13 Ahli Bank 0.25 1.61 ACWA Power Barka 1.30 0.00 Al Anwar Holdings 0.09-2.15 Al Jazeira Services Co 0.14 1.45 Al Jazeera Steel Products Co 0.27 0.38 Al Batinah Devpt. & Investment Holding Co 0.04 2.70 Al Omaniya Financial Services 0.29 0.00 Majan College University College 0.29 1.42 Bank Dhofar 0.55 0.00 Bank Muscat 0.68 2.74 Oman Oil Marketing Co 1.43 0.00 Oman Oil Marketing Co 0.25 0.00 Construction Materials Industries & Contracting Co 0.04 4.88 Dhofar Cattle Feed Co 0.11-0.88 Dhofar Power Co 2.00 0.00 Dhofar Power Co 2.00 0.00 Dhofar International Devpt. & Invest.t Holding Co 0.40 0.50 Dhofar Insurance Co 0.18 0.00 Financial Corporation Co 0.13 0.00 Financial Services Co 0.05-8.33 Global Financial Investments Holding 0.05 4.44 KUWAIT MUSCAT Kuwait Bahrain International Exchange Co 255.00 0.00 Eyas For Higer And Technical Education 300.00 0.00 Fujairah Cement Industries 58.00 0.00 First Dubai For Real Estate Development Co 22.50 7.14 Kuwait Food Company Americana 1,500.00-1.32 First Takaful Insurance Co 75.00 0.00 Future Communications Co Global 300.00 0.00 Gulf Bank 490.00-2.00 Gulf Cement Co 60.00 0.00 Gulf Franchising Holding Co 18.00 0.00 Gulf Finance House 32.50-7.14 Gulf Glass Manufacturing Co 900.00 0.00 Gulf Investment House 27.50-8.33 Gulf Insurance Co 550.00 0.00 Global Investment House 21.00-4.55 Gulf North Africa Holding Co 51.00 0.00 Gulf Petroleum Investment 36.00 0.00 Grand Real Estate Projects 17.50 0.00 Gulfinvest International 20.50 0.00 Kuwait Gypsum Manufacturing & Trading Co 128.00 0.00 Hayat Communications Co 100.00 0.00 Hilal Cement Co 212.00 0.00 Hits Telecom Holding Company 48.00 2.13 Human Soft Holding Co 300.00 0.00 IFI Hotels And Resorts Co 365.00 0.00 International Financial Advisers 30.00-7.69 Industrial And Financial Investments Company 38.00 0.00 International Investment Group 80.00 0.00 Ikarus Petroleum Industries Company 156.00 5.41 The International Leasing & Investment Co 94.00 0.00 International Finance Company 102.00 2.00 Injazzat Real Estate Development Co 96.00 0.00 Inovest 51.00 0.00 Investors Holding Group Co 12.00 9.09 Independent Petroleum Group 435.00 0.00 International Resorts Company 30.00 0.00 Housing Finance Co 32.50 0.00 Ithmaar Bank 20.50 2.50 Jazeera Airways Co 250.00 2.46 Jeeran Holding Co 86.00 0.00 Kipco Asset Management Co 250.00 0.00 Kuwait Building Materials Manufacturing Co 226.00 0.00 Kuwait Business Town Real Estate Co 28.00 0.00 Kuwait Cement Company 470.00 3.30 Kuwait China Investment Company 51.00-1.92 Kuwait National Cinema Co 1,300.00 0.00 Kuwait Co For Process Plant Const. & Cont. 280.00 0.00 Kuwait Foundry Co Sak Closed 530.00 0.00 Kuwait Finance House 900.00 1.12 Kuwait Finance And Investment Company 26.00 0.00 Kuwait And Gulf Link Transport Company 114.00 1.79 Kuwait Hotels 265.00 0.00 Kuwait International Bank 275.00 1.85 Future Kid Entertainment & Real Estate Co 106.00 0.00 Gulf International Chemicals 0.15-0.68 Gulf Investment Services Holding Co 0.06 3.57 Al Hassan Engineering Co 0.28 0.00 Al Jazeira Services Co 0.55 0.00 Al Kamil Power Co 1.72 0.00 Al Maha Petroleum Products Marketing Co 10.58 0.00 Muscat Finance Co Ltd 0.17 0.00 Majan Glass Co 0.69 0.00 Muscat National Holding Co 1.58 0.00 Muscat Gases Company 0.78 0.00 National Aluminium Products Co 0.37-3.91 National Bank of Oman 0.30-0.65 National Finance Co 0.12 0.00 Omani Qatari Telecommunications Co 0.62-1.11 Oman Cables Industry 0.78-3.70 Oman Cement Co 0.49-2.18 Oman Chlorine 0.35 0.29 Oman and Emirates Investment Holding Co 0.10 0.00 Oman Fisheries Co 0.09-1.14 Oman Flour Mills Co 0.51 0.00 Oman Holdings International Co 0.19 1.64 Oman International Bank 0.24-0.83 Oman Investment and Finance Co 0.15 2.05 RIYADH Saudi Stock Exchange Tadawul 6,039.32 0.51 Riyad Bank 24.00 2.35 Bank Aljazira 16.25 0.31 The Saudi Investment Bank 17.95 1.41 Saudi Hollandi Bank 26.90-0.37 Banque Saudi Fransi 42.20 1.20 Saudi British Bank 41.90-1.41 Arab National Bank 29.00-1.69 Samba Financial Group 44.80 2.75 Al Rajhi Banking and Investment Co 68.00 0.37 Bank AlBilad 17.85 1.13 Alinma Bank 9.15 0.00 Basic Chemical Industries Ltd 24.20 3.38 Saudi Arabian Mining Co 24.85 2.26 Astra Industrial Group 32.50 0.62 Al Sorayai Trading and Industrial Group Co Ltd 21.10 0.96 Al Hassan Ghazi Ibrahim Shaker Company 63.00-0.40 Mohammad Al Mojil Group Co 18.90 1.89 Saudi Steel Pipes Closed Joint Stock Co 22.50 0.67 Abdullah A M Al Khodari Sons Co 63.00 0.40 Methanol Chemicals Co Ltd 11.65 2.64 National Petrochemical Co 20.45 0.25 Saudi Basic Industries Corp Sabic 96.75 0.52 Saudi Arabian Fertilizers Co 167.50 1.21 Saudi Arabia Refineries Co 38.50-1.28 Saudi Ceramic Co 135.25 0.37 Savola Group Co 24.25 2.53 National Industrialization Co 38.60-0.52 Saudi Pharmaceutical Indust & Medical Appl. Corp 38.80 0.78 National Gas & Industrial Co 17.10 0.00 National Gypsum Company 27.00 0.37 Food Products Co 19.55 2.62 Saudi Cable Co 12.10-0.41 Saudi Advanced Industries Co 12.95 1.17 Saudi Industrial Development Co 13.85 3.75 Al Ahsa Development Co 9.50 0.00 National Co for Glass Industries 34.40 1.47 Saudi Arabian Amiantit Co 14.90 0.68 Alujain Corp 17.90-0.56 Filling and Packing Materials Mfg. Co 27.30 0.00 Saudi Industrial Services Co 11.85-0.42 Arabian Pipes Co 27.00 1.90 Nama Chemicals Co 9.05-1.09 National Metal Manufacturing & Casting Co 21.40 1.18 Saudi Chemical Co 39.50 1.02 Zamil Industrial Investment Co 26.00-0.76 Saudi Industrial Investment Group 19.55-1.76 Sahara Petrochemical Co 20.10-0.50 Saudia Dairy and Foodstuff Co 38.20-0.52 Almarai Co 90.50 0.84 Yanbu National Petrochemical Co 45.40 0.67 Saudi Paper Manufacturing Co 35.90-0.83 Saudi International Petrochemical Co 18.65-0.53 Al Babtain Power and Telecommunication Co 22.10 1.61 Advanced Petrochemical Co 27.90-1.41 Al Abdullatif Industrial Investment Co 24.00 0.21 Saudi Kayan Petrochemical Co 15.60 0.65 Saudi Vitrified Clay Pipe Co 58.50 0.86 Middle East Specialized Cables Co 12.95 1.96 Rabigh Refining & Petrochemical Co 21.20-0.47 Arabian Cement Co 38.00-1.30 Yamamah Saudi Cement Co 58.00-0.43 Saudi Cement Co 58.25 1.75 Qassim Cement Co 64.50-0.39 Southern Province Cement Co 72.00 1.41 Yanbu Cement Co 56.25 0.45 Eastern Province Cement Co 46.40 1.09 Tabuk Cement Co 22.10 0.46 Al Jouf Cement Co 14.50-1.69 Abdullah Al Othaim Markets Co 91.00 0.28 Al Mouwasat Medical Services Co 79.00 1.28 Saudi Hotels and Resorts Co 27.80-0.71 Saudi Real Estate Co 21.90-2.23 National Shipping Co Of Saudi Arabia 12.20 2.09 Saudi Public Transport Co 6.90-0.72 Saudi Automotive Services Co 12.90 0.00 Anaam International Holding Group Co 38.80 0.00 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 www.qatar-tribune.com 25 FTSE NASDAQ TOP GAINERS NASDAQ TOP LOSERS STANDARD & POOR S FTSE100 International 5,164.92 1.89 Anglo American 2,317.00-4.24 Associated British Foods 981.50-1.95 Admiral Group 1,410.00-2.35 Aggreko 1,691.00-0.53 AMEC 867.00-1.92 Antofagasta 1,136.00-5.73 ARM Holdings 486.30-2.64 Autonomy Corp 1,505.00 0.87 Aviva 331.70-1.81 AstraZeneca 2,553.50-1.69 BAE Systems 248.30-3.08 Barclays 166.50-7.14 British American Tobacco 2,588.50-2.65 BG Group 1,177.50-4.85 British Land Co 520.00-1.61 Bhp Billiton 1,866.50-2.33 BP 398.05-1.78 Burberry Group 1,296.00 2.78 British Sky Broadcasting Group 651.00-0.61 BT Group 164.80-1.79 Carnival 1,800.00-3.69 Centrica 286.00-2.92 Cairn Energy 296.10-3.74 Compass Group 531.00-2.57 Capita Group 665.00-3.83 Capital Shopping Centres Group 317.00 0.96 Diageo 1,132.00-2.41 Man Group 187.80 3.53 Eurasian Natural Resources Corp 585.00-4.57 Essar Energy 261.00-12.97 Experian 698.50-2.31 Fresnillo 1,635.00-2.27 G4S 239.44-2.69 Gkn 179.30-1.81 Glencore International 364.30-3.87 GlaxoSmithKline 1,209.00-2.74 Hammerson 394.50-0.75 Hargreaves Lansdown 454.60-2.38 HSBC Holdings 516.00-5.32 Icap 392.20-2.00 International Consolidated Airlines Group SA 178.10-4.35 Intercontinental Hotels Group 1,016.00-2.50 3i Group 212.70-3.93 IMI 807.00-1.82 Imperial Tobacco Group 1,971.00-1.65 Investec 390.70-1.81 International Power 279.00-0.61 Inmarsat 391.50-1.93 Intertek Group 1,782.00-2.25 ITV 57.20-3.05 BSE Ltd 17,130.51 1.62 India Index Services & Products Ltd [NIFTY] 5,161.00 1.74 ABB Ltd 797.35-1.05 ACC Ltd 1,007.30 1.13 Aban Offshore Ltd 400.45 3.38 Adani Enterprises Ltd 601.95 0.87 Adani Power Ltd 93.85 2.46 Aditya Birla Nuvo Ltd 889.55 1.34 Allahabad Bank 196.50 2.75 Ambuja Cements Ltd 128.60 0.35 Andhra Bank 134.55 1.66 Apollo Hospitals Enterprise Ltd 518.10 0.53 Apollo Tyres Ltd 70.90 2.01 AREVA T&D India Ltd 225.70-0.77 Ashok Leyland Ltd 25.30 2.43 Asian Paints Ltd 3,159.15 0.43 Aurobindo Pharma Ltd 156.35 4.20 Axis Bank Ltd 1,248.45 3.14 Bgr Energy Systems Ltd 342.50 2.68 Bajaj Auto Ltd 1,487.70 4.23 Bajaj Finserv Ltd 511.40 2.77 Bajaj Holdings & Investment Ltd 757.20 0.63 Bank of India Ltd 350.20-0.07 Bf Utilities Ltd 549.60 1.86 Bharat Electronics Ltd 1,641.90 0.02 Bharat Forge Ltd 285.10 5.53 Bharat Petroleum Corp Ltd 694.05 0.38 Bharti Airtel Ltd 406.95-0.04 Bharat Heavy Electricals Ltd 1,780.65 2.84 Bhushan Steel Ltd 336.50 0.37 Biocon Ltd 341.15-0.09 Bank of Baroda 858.00 0.44 Bosch Ltd 0.00 0.00 Bosch Ltd 7,220.00 3.57 Cadila Healthcare Ltd 850.35-0.94 Cairn India Ltd 272.90-1.60 Canara Bank 454.45 4.78 Castrol India Ltd 540.70 0.36 Central Bank Of India 110.95 1.98 Century Textile and Industries Ltd 314.55 1.37 Chambal Fertilisers and Chemicals Ltd 102.90 10.41 Cipla Ltd 298.30 1.76 Tcs E Serve Ltd 959.30 0.00 Coal India Ltd Govt Of India Undertaking 381.80 0.32 Colgate Palmolive India Ltd 932.20-0.07 Container Corp of India Ltd 1,054.00 0.38 Core Projects and Technologies Ltd 299.15 1.10 Corporation Bank 457.95-0.38 Coromandel International Ltd 318.00 2.05 Crompton Greaves Ltd 148.55 0.54 Cummins India Ltd 609.00 0.49 Karachi Stock Exchange 11,034.92-3.24 Abbott Laboratories Pakistan Ltd 90.25-1.90 Adamjee Insurance Co Ltd 46.72-4.98 Agritech Ltd 18.35 5.46 Al-Ghazi Tractors Ltd 194.00-0.66 Allied Bank Ltd 60.10-1.99 Arif Habib Corp Ltd 22.79-4.96 Askari Bank Ltd 9.35-2.20 Atlas Honda Ltd 112.25-3.94 Attock Cement Pakistan Ltd 41.00-2.38 Attock Petroleum Ltd 323.00-3.12 Attock Refinery Ltd 105.60-4.68 Azgard Nine Ltd 4.37-4.59 Bank Alfalah Ltd 10.10-0.79 Bank AL Habib Ltd 27.95 0.65 The Bank Of Punjab 5.47-3.36 Bata Pakistan Ltd 650.00 0.00 Bestway Cement Ltd 11.28 0.00 Byco Petroleum Pakistan Ltd 6.88-4.84 Clariant Pakistan Ltd 140.00-2.34 Colgate Palmolive (Pakistan) Ltd 737.47 5.00 D G Khan Cement Co Ltd 20.07-3.46 Dawood Hercules Chemicals Ltd 41.87-4.99 Dreamworld Ltd 575.00 0.00 East West Insurance Co Ltd 296.00 0.00 Johnson Matthey 1,753.00-2.93 Kazakhmys 904.50-9.10 Kingfisher 221.50-3.02 Land Securities Group 755.50-0.07 Legal and General Group 94.30-2.13 Lloyds Banking Group 30.90-3.78 Lonmin 1,125.00-1.14 Marks And Spencer Group 326.10-1.12 Wm Morrison Supermarkets 276.70-1.35 National Grid 567.50-0.70 Next 2,170.00-2.52 Old Mutual 104.70-3.68 Petrofac Ltd 1,141.00-2.81 Prudential 574.50-6.13 Pearson 1,054.00-3.30 Reckitt Benckiser Group 3,125.00-2.47 Royal Bank of Scotland Group 24.46-6.68 Royal Dutch Shell 1,896.00-2.22 Royal Dutch Shell 1,901.00-2.41 Reed Elsevier 466.10-3.18 Rexam 345.30-1.76 Rio Tinto 3,404.50-4.04 Rolls Royce Holdings 559.00-2.87 Randgold Resources Ltd 6,260.00 2.29 RSA Insurance Group 110.00-4.76 Resolution Ltd 244.20-2.55 SABMiller 1,991.50-0.43 J Sainsbury 286.10-1.28 Schroders 1,400.00-4.24 Schroders 1,133.00-4.31 Sage Group 245.20-0.73 Shire 1,836.00-1.55 Standard Life 186.20 6.95 Smiths Group 943.50-5.18 Smith and Nephew 526.00-3.13 Serco Group 499.80-3.88 Scottish and Southern Energy 1,190.00-1.08 Standard Chartered 1,378.00-7.08 Severn Trent 1,405.00-0.43 Tate and Lyle 552.00-0.54 Tullow Oil 973.50-2.65 TESCO 360.55-2.59 Unilever 1,901.00-1.55 United Utilities Group 572.00 1.24 Vedanta Resources 1,297.00-1.52 Vodafone Group 155.00-4.06 Weir Group 1,738.00 2.06 John Wood Group 537.50-3.07 Wolseley 1,471.00-1.01 WPP 604.00-1.95 Whitbread 1,431.00-1.38 D B Realty Limited 68.45 0.22 Dabur India Ltd 103.00-0.34 Dish Tv India Ltd 80.35-1.35 Divis Laboratories Ltd 775.50 2.02 DLF Ltd 209.35 4.31 Dr Reddy s Laboratories Ltd 1,486.35-0.43 Educomp Solutions Ltd 292.10 6.24 Emami Ltd 477.50 3.76 Engineers India Ltd 277.00 1.74 Essar Oil Ltd 100.75 4.84 Exide Industries Ltd 153.30-0.55 The Federal Bank Ltd 399.80 4.13 Financial Technologies (India) Ltd 766.60-1.96 Fortis Healthcare India Ltd 157.65 1.74 Great Eastern Shipping Co Ltd 237.05-4.22 Gail India Ltd 437.55-0.06 GlaxoSmithKline Consumer Healthcare Ltd 2,340.05-1.09 GlaxoSmithKline Pharmaceuticals Ltd 2,122.20 0.24 Glenmark Pharmaceuticals Ltd 319.10 4.18 GMR Infrastructure Ltd 30.85 2.49 Godrej Consumer Products Ltd 410.00 2.14 Godrej Industries Ltd 213.50 2.37 Grasim Industries Ltd 2,109.00-1.70 Gujarat State Petronet Ltd 101.80-0.34 Gvk Power and Infrastructure Ltd 19.05 4.10 Havells India Ltd 347.00-0.83 Hcl Technologies Ltd 423.00 2.89 HDFC Bank Ltd 480.00 2.95 Hindustan Copper Ltd 237.65 2.24 Hindustan Unilever Ltd 316.40-0.95 Hindustan Unilever Ltd 0.00 0.00 Hindustan Zinc Ltd 122.95-0.65 Hindustan Petroleum Corp Ltd 394.30-0.27 Hindalco Industries Ltd 155.55 5.24 HMT Ltd 49.50 5.66 Housing Development Finance Corp Ltd 666.35 0.87 Housing Development and Infrastructure Ltd 118.00 5.08 IFCI Ltd 40.95 2.76 Indian Oil Corp Ltd 326.35-3.50 ICICI Bank Ltd 963.60 2.41 IDBI Bank Ltd 120.25 1.61 Idea Cellular Ltd 93.20-0.85 Indiabulls Real Estate Ltd 86.65 1.52 Indiabulls Power Ltd 16.10 3.54 Indiabulls Financial Services Ltd 164.95-1.02 Indian Bank 218.85 2.75 Indian Hotels Co Ltd 74.15 2.70 Indian Overseas Bank 127.95-0.27 Indraprastha Gas Ltd 415.50 0.36 Indusind Bank Ltd 265.30 3.59 Infosys Ltd 2,445.60 2.88 E F U General Insurance Ltd 30.80 0.49 Efu Life Assurance Ltd 66.69 2.47 Engro Corp Ltd 123.59-5.00 Engro Polymer and Chemicals Ltd 7.90-4.70 Fatima Fertilizer Co Ltd 14.90-4.36 Fauji Fertilizer Bin Qasim Ltd 45.23-1.84 Fauji Fertilizer Co Ltd 151.89-3.16 Faysal Bank Ltd 9.21-3.56 Ghani Glass Ltd 51.52-1.53 Gharibwal Cement Ltd 4.51-7.96 Glaxo Smithkline Pakistan Ltd 67.50-1.65 Grays of Cambridge Pakistan Ltd 39.77 0.03 Habib Bank Ltd 114.50-2.13 Habib Metropolitan Bank Ltd 17.07-2.23 The Hub Power Co Ltd 37.82-2.98 Ibrahim Fibres Ltd 30.46-4.99 ICI Pakistan Ltd 135.00-0.75 Indus Dyeing Mills 323.44 0.00 Indus Motor Co Ltd 204.00 0.53 International Industries Ltd 45.35-4.99 IGI Insurance Ltd 71.00-1.39 Jahangir Siddiqui and Co Ltd 5.39-6.10 Javedan Corp Ltd 61.37 0.00 Karachi Electric Supply Co Ltd 1.89 4.42 Kohinoor Energy Ltd 17.50 0.00 MUMBAI KARACHI Pegasystems Inc 42.76 20.01 Sussex Bancorp 5.18 17.73 Biolase Technology Inc 3.27 17.63 Cree Inc 33.78 14.55 Tri Tech Holding Inc 5.07 13.68 Handy and Harman Ltd 13.21 12.91 Responsys Inc 14.58 12.15 Shore Bancshares Inc 5.99 11.34 Grupo Aeroportuario Del Centro Norte SAB De CV 15.70 10.95 Marine Petroleum Trust 20.36 10.71 ProShares Trust UltraPro Short QQQ ETF 31.81 10.49 Edgewater Technology Inc 2.76 10.40 Optical Cable Corp 3.63 10.00 SmartPros Ltd 2.20 10.00 Farmers Capital Bank Corp 5.49 9.80 Socket Mobile Inc 2.36 9.26 PAREXEL International Corp 18.76 9.13 Parlux Fragrances Inc 2.63 8.68 Uni Pixel Inc 5.76 8.47 Ventrus Biosciences Inc 9.78 8.43 Full Circle Capital Corp 7.29 8.16 Magal Security Systems Ltd 2.70 8.00 EV Energy Partners LP 62.47 7.89 Ampio Pharmaceuticals Inc 5.07 7.87 Vitesse Semiconductor Corp 3.53 7.80 Dow Jones & Company Index 30 10,805.35-3.87 Dj Comp Average 3,713.99-3.29 Alcoa Inc 11.70-4.41 E I Du Pont De Nemours And Co 45.35-2.91 Jetblue Airways Corp 3.89-10.07 PG&E Corp 38.94-2.45 American Electric Power Co Inc 34.42-1.83 Walt Disney Co 30.83-11.15 Johnson & Johnson 60.65-2.49 Public Service Enterprise Group Inc 29.11-2.35 AES Corp 9.49-4.14 Duke Energy Corp 17.41-1.14 JPMorgan Chase & Co 34.46-5.33 Pfizer Inc 17.35-1.42 Alexander and Baldwin Inc 38.69-3.40 Consolidated Edison Inc 52.45 1.06 Kraft Foods Inc 33.20-2.98 Procter & Gamble Co 59.04-1.96 AMR Corp 3.56-6.56 Edison International 33.85-2.22 Coca Cola Co 64.62-3.09 Ryder System Inc 44.38-1.49 American Express Co 44.06-4.43 Exelon Corp 40.56-2.01 Infrastructure Development Finance Co Ltd 125.30 2.92 Irb Infrastructure Developers Ltd 168.55 6.04 JSW Ispat Steel Ltd 15.95 4.59 ITC Ltd 197.40-1.15 Jsw Steel Ltd 656.55 0.38 Jain Irrigation Systems Ltd 162.05 6.33 Jaiprakash Associates Ltd 63.85 3.99 Jaiprakash Hydro Power Ltd 38.55 4.19 Jaypee Infratech Ltd 42.70 3.52 Jet Airways India Ltd 410.05 1.16 Jindal Saw Ltd 129.65 2.01 Jindal Steel And Power Ltd 524.30 1.09 JSW Energy Ltd 62.45 1.30 Jubilant Foodworks Ltd 825.00 8.01 Kotak Mahindra Bank Ltd 457.80 2.10 Lanco Infratech Ltd 17.60 1.44 Larsen and Toubro Ltd 1,653.35 2.66 LIC Housing Finance Ltd 209.95 2.94 Lupin Ltd 461.75 4.97 MMTC Ltd 776.15 2.69 Mahindra & Mahindra Financial Services Ltd 697.15 5.44 Mahindra and Mahindra Ltd 729.55 5.03 Moil Ltd 315.75 4.19 Marico Ltd 162.95 0.43 Maruti Suzuki India Ltd 1,279.70 5.95 Motherson Sumi Systems Ltd 220.70 4.01 MphasiS Ltd 408.50 2.21 Mangalore Refinery and Petrochemicals Ltd 70.60 3.37 Mundra Port & Special Economic Zone Ltd 137.90 3.49 NTPC Ltd 175.25 3.48 National Fertilizers Ltd 87.85 8.93 National Aluminium Co Ltd 66.00 3.53 Nestle India Ltd 4,160.25-1.45 Neyveli Lignite Corp Ltd 88.60 3.81 NHPC Ltd 25.20 3.92 NMDC Ltd 239.65 1.10 Oil and Natural Gas Corp Ltd 279.85-2.22 Oberoi Realty Ltd 228.15 1.42 Oil India Ltd 1,345.70 0.23 Opto Circuits (India) Ltd 287.05 6.91 Oracle Financial Services Software Ltd 1,975.00-0.06 Oriental Bank Of Commerce Ltd 336.00 0.78 Pantaloon Retail India Ltd 312.00 1.17 Patni Computer Systems Ltd 297.30 2.45 Petronet Lng Ltd 169.80-0.67 Pipavav Defence & Offshore Engg. Co Ltd 69.00 0.80 Piramal Healthcare Ltd 369.40 1.27 Power Finance Corp Ltd 173.60-0.71 Power Grid Corp Of India Ltd 103.20 1.13 Punjab National Bank 1,122.00 0.53 Rajesh Exports Ltd 104.75 2.20 Kot Addu Power Co Ltd 39.55-5.00 Lafarge Pakistan Cement Ltd 2.19-3.10 Lotte Pakistan Pta Ltd 10.03-6.52 Lucky Cement Ltd 71.45-1.20 Mari Gas Compamny Ltd 87.08-5.00 MCB Bank Ltd 166.03-5.00 Media Times Ltd 14.92 0.00 Meezan Bank Ltd 18.50-3.80 Millat Tractors Ltd 519.95-3.24 Murree Brewery Co Ltd 102.00-4.67 National Bank Of Pakistan 44.00-4.99 National Refinery Ltd 335.00-2.65 Nestle Milk Pak 3,900.11-2.43 Netsol Technologies Ltd 15.44-6.08 New Jubille Insurance Co Ltd 55.95-4.67 NIB Bank Ltd 1.37 1.48 Nishat Mills Ltd 38.38-4.29 Oil And Gas Development Co Ltd 129.60-4.87 Pakistan International Airline Corp 1.74-1.14 Pakistan National Shipping Corp 20.40-2.25 Pakistan Telecommunication Co Ltd 10.55-0.19 Pace Pakistan Ltd 1.66-3.49 Packages Ltd 105.75-0.45 Pak Elektron Ltd 5.10-1.92 Pakistan International Container Terminal Ltd 71.36-4.99 DOW JONES Primo Water Corp 6.17-55.68 Motricity Inc 2.22-51.21 Epocrates Inc 8.86-46.91 Sevcon Inc 4.83-25.58 Elbit Imaging Ltd 3.55-24.47 Amtech Systems Inc 12.57-24.09 Partner Communications Company Ltd 9.63-19.28 Inter Parfums Inc 14.80-17.78 SAGENT Pharmaceuticals Inc 14.33-16.00 Hallador Energy Co 8.43-15.19 Thomas Properties Group Inc 2.29-14.87 Tangoe Inc 8.14-14.23 FX Energy, Inc. 5.87-13.93 Cytori Therapeutics Inc 2.82-13.50 CoBiz Financial Inc 5.24-13.10 Hollysys Automation Technologies Ltd 5.52-12.88 Cardica Inc 2.51-12.85 Community Financial Corp 3.29-12.73 BG Medicine Inc 9.09-12.60 Velti 10.48-12.59 PC Mall Inc 6.19-12.45 Shoretel Inc 6.85-12.29 Synutra International Inc 8.16-11.88 IBC Capital Finance II 15.01-11.50 HSW International Inc 4.02-11.45 Kansas City Southern 51.24-2.08 Southern Co 37.85-1.20 Boeing Co 59.28-4.26 Expeditors International Of Washington Inc 41.45-3.27 Landstar System Inc 40.39-2.23 AT&T Inc 28.07-2.70 Bank of America Corp 6.96-8.42 FedEx Corp 76.58-3.97 Southwest Airlines Co 8.20-2.84 Travelers Companies Inc 49.51-4.22 Caterpillar Inc 84.47-3.44 Firstenergy Corp 40.38-1.10 McDonalds Corp 84.17-2.08 United Continental Holdings Inc 17.15-7.10 C H Robinson Worldwide Inc 63.44-2.40 General Electric Company 15.27-4.32 3M Co 78.99-4.47 Union Pacific Corp 89.20-2.93 Centerpoint Energy Inc 18.13-1.20 GATX Corp 32.41-1.91 Merck & Co Inc 30.20-3.27 United Parcel Service Inc 62.31-2.79 Con Way Inc 25.07-2.98 Home Depot Inc 28.89-4.18 Ranbaxy Laboratories Ltd 495.40-1.22 Rashtriya Chemicals and Fertilizers Ltd 81.60 12.63 Reliance Capital Ltd 449.35 0.25 Reliance Communications Ltd 85.70 2.15 Reliance Infrastructure Ltd 471.95 2.54 Reliance Natural Resources Ltd 42.15 0.00 Reliance Power Ltd 90.90 0.33 Reliance Industries Ltd 771.00 0.73 Religare Enterprises Ltd 440.00 0.93 Rural Electrification Corp Ltd Rec 191.40 1.97 State Bank of India 2,270.85 1.80 Sesa Goa Ltd 241.10 2.68 Shipping Corp Of India Ltd 93.15 1.91 Shree Cement Ltd 1,720.00 0.90 Shree Renuka Sugars Ltd 61.40 6.88 Shriram Transport Finance Co Ltd 650.30 8.71 Siemens Ltd 880.00 0.41 Sintex Industries Ltd 150.55 3.08 SKS Microfinance Ltd 347.90-1.32 Steel Authority Of India Ltd 112.50 4.70 Sterlite Industries (India) Ltd 136.50 1.15 Sun Pharmaceutical Industries Ltd 481.20-0.68 Sun Tv Network Ltd 300.70 0.03 Suzlon Energy Ltd 41.90 3.97 Syndicate Bank Ltd 113.55 2.44 Tata Chemicals Ltd 361.25 2.95 Tata Communications Ltd 201.15 0.58 Tata Consultancy Services Ltd 984.00 1.73 Tata Global Beverages Ltd 106.70 3.84 Tata Motors Ltd 843.90 6.08 Tata Power Co Ltd 1,173.95-0.54 Tata Steel Ltd 485.85-0.04 Tech Mahindra Ltd 731.95 0.41 Thermax Ltd 510.10 1.85 Titan Industries Ltd 220.10 2.68 Torrent Power Ltd 217.70-2.38 UCO Bank 78.20 1.03 Ultratech Cement Ltd 1,018.25 2.68 Union Bank Of India 284.35 1.90 Unitech Ltd 29.40 4.07 United Breweries Ltd 474.25-0.26 United Phosphorus Ltd 150.95 2.79 United Spirits Ltd 970.10 7.85 Videocon Industries Ltd 184.05 2.00 Vijaya Bank 60.75 2.02 Voltas Ltd 134.50 3.07 Wipro Ltd 356.05 2.53 Pakistan Oilfields Ltd 330.40-4.72 Pakistan Petroleum Ltd 198.15-4.25 Pakistan Refinery Ltd 60.61-4.99 Pakistan Insurance Corp 13.65 1.04 Pakistan Services Ltd 142.50 0.00 Pakistan State Oil Co Ltd 205.00-4.77 Pak Suzuki Motor Co Ltd 64.75-0.93 Pakistan Telephone Cables Ltd 2.71-13.97 Pakistan Cables Ltd 45.00 0.00 Pakistan Tobacco Co Ltd 89.90 0.00 Philip Morris (Pakistan) Ltd 140.00-2.77 PICIC Growth Fund 11.25-6.64 Rafhan Maize Products Co Ltd 2,625.00-2.84 Security Papers Ltd 40.10-1.55 Shell Pakistan Ltd 202.00-4.32 Shifa International Hospitals Ltd 34.00 1.64 Siemens Pakistan Engineering Co Ltd 870.50-4.45 Soneri Bank Ltd 4.14 3.50 Standard Chartered Bank Pakistan Ltd 7.22-8.49 Sui Northern Gas Pipelines Ltd 17.20-3.32 Sui Southern Gas Co Ltd 18.80-1.21 Thal Ltd 85.51-4.98 TRG Pakistan Ltd 1.84-2.65 Unilever Pakistan Ltd 6,050.00 1.81 Unilever Pakistan Foods Ltd 1,682.00 4.63 Standard & Poor s 500 1,129.52-3.67 Standard & Poor s 100 509.52-4.06 Alcoa Inc 11.70-4.41 Apple Inc 365.34-2.32 Abbott Laboratories 47.15-2.90 American Electric Power Co Inc 34.42-1.83 Allstate Corp 24.78-3.77 Amgen Inc 48.68-3.70 Amazon.com Inc 197.86-3.53 Apache Corp 99.10-2.97 Avon Products Inc 20.89-3.42 American Express Co 44.06-4.43 Boeing Co 59.28-4.26 Bank of America Corp 6.96-8.42 Baxter International Inc 51.24-2.05 Baker Hughes Inc 58.70-3.44 Bank of New York Mellon Corp 19.69-6.73 Bristol Myers Squibb Co 26.59-1.88 Berkshire Hathaway Inc 69.00-5.39 Citigroup Inc 28.59-10.15 Caterpillar Inc 84.47-3.44 Colgate Palmolive Co 81.75-1.86 Comcast Corp 19.93-3.74 Capital One Financial Corp 41.08 0.76 ConocoPhillips 62.81-2.71 Costco Wholesale Corp 72.04-3.51 Cisco Systems Inc 13.77-2.06 CVS Caremark Corp 32.06-3.52 Chevron Corp 90.67-2.92 E I Du Pont De Nemours And Co 45.35-2.91 Dell Inc 13.77-4.51 Walt Disney Co 30.83-11.15 Dow Chemical Co 28.45-3.10 Devon Energy Corp 67.31-2.07 EMC Corp 21.92-2.84 Emerson Electric Co 42.69-3.81 Entergy Corp 59.83-2.25 Exelon Corp 40.56-2.01 Ford Motor Co 10.49-3.85 Freeport Mcmoran Copper and Gold Inc 43.68-3.04 FedEx Corp 76.58-3.97 General Dynamics Corp 59.34-4.93 General Electric Company 15.27-4.32 Gilead Sciences Inc 36.22-5.03 Google Inc 553.79-3.42 Goldman Sachs Group Inc 113.72-7.34 Halliburton Co 42.80-4.36 Home Depot Inc 28.89-4.18 H J Heinz Co 49.45-1.49 Honeywell International Inc 44.47-4.90 Hewlett Packard Co 30.07-4.63 International Business Machines Corp 165.66-2.90 Intel Corp 19.83-3.74 Johnson & Johnson 60.65-2.49 JPMorgan Chase & Co 34.46-5.33 Kraft Foods Inc 33.20-2.98 Coca Cola Co 64.62-3.09 Lockheed Martin Corp 67.80-4.35 Lowes Companies Inc 18.28-4.64 Mastercard Inc 312.00-3.35 McDonalds Corp 84.17-2.08 Medtronic Inc 30.55-3.87 Metlife Inc 32.34-7.28 3M Co 78.99-4.47 Altria Group Inc 24.59-2.34 Monsanto Co 65.90-2.07 Merck & Co Inc 30.20-3.27 Morgan Stanley 16.80-7.74 Microsoft Corp 24.20-5.39 Nike Inc 80.23-2.75 National Oilwell Varco Inc 63.93-3.71 Norfolk Southern Corp 66.51-2.02 News Corp 13.96-4.05 Oracle Corp 26.39-4.38 Occidental Petroleum Corp 81.66-3.26 Pepsico Inc 61.23-2.95 Pfizer Inc 17.35-1.42 TOKYO Nikkei 225 9,038.74 1.05 Tokyo Stock Exchange [ TOPX100] 523.56 0.57 Inpex Corp 511,000 2.82 Asahi Glass Co Ltd 801 1.01 Tdk Corp 3,630 2.69 Itochu Corp 814 0.74 Mitsui Fudosan Co Ltd 1,253-1.10 Daiwa House Industry Co Ltd 921-0.32 Nippon Steel Corp 236 1.29 Keyence Corp 20,590 0.00 Marubeni Corp 488 1.24 Mitsubishi Estate Co Ltd 1,220-1.61 Sekisui House Ltd 671 0.75 Sumitomo Metal Industries Ltd 175 1.74 Denso Corp 2,556-0.27 Mitsui & Co Ltd 1,300 0.70 Sumitomo Realty & Development Co Ltd 1,651-0.66 Kirin Holdings Co Ltd 981 1.34 Kobe Steel Ltd 152 2.01 Fanuc Corp 12,860-1.61 Tokyo Electron Ltd 3,755 1.49 East Japan Railway Co 4,450 1.71 Japan Tobacco Inc 350,000 6.06 JFE Holdings Inc 1,831 0.72 Rohm Co Ltd 4,150-1.07 Sumitomo Corp 999-0.99 West Japan Railway Co 3,095-0.48 Seven & I Holdings Co Ltd 2,047 2.76 Sumitomo Metal Mining Co Ltd 1,268 2.09 Kyocera Corp 7,480 1.91 Mitsubishi Corp 1,840-0.11 Central Japan Railway Co 633,000 1.93 Toray Industries Inc 573 3.24 Sumitomo Electric Industries Ltd 1,038 0.78 Murata Manufacturing Co Ltd 4,900 0.31 AEON Co Ltd 928 1.53 Mitsui OSK Lines Ltd 357 0.56 Asahi Kasei Corp 518 1.77 SMC Corp 12,140-2.41 Nitto Denko Corp 3,330 3.58 Mitsubishi UFJ Financial Group Inc 364 0.28 Nippon Telegraph And Telephone Corp 3,645 1.39 Sumitomo Chemical Co Ltd 353 2.02 Komatsu Ltd 2,054-2.10 Mitsubishi Heavy Industries Ltd 344-1.71 Resona Holdings Inc 358-1.38 Kddi Corp 545,000 3.61 Shin Etsu Chemical Co Ltd 3,765-0.26 Kubota Corp 636-0.78 Nissan Motor Co Ltd 735 0.27 Sumitomo Mitsui Financial Group Inc 2,266 0.31 NTT Docomo Inc 139,200 2.13 Mitsubishi Chemical Hldg Corp 546 0.92 Information contained herein is believed to be reliable & has been obtained from sources believed to be reliable, but its accuracy & completeness cannot be guaranteed. 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