Al Maha Market EYE. Global markets & Commodities Watch GLOBAL NEWS WATCH. International Indices. Regional Indices

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1 Global markets & Commodities Watch GLOBAL NEWS WATCH International Indices Index Value USA Dow Jones 16, S&P 500 1, NASDAQ 4, EUROPE FTSE 100 6, CAC 40 4, DAX 30 9, ASIA NIKKEI 14, Hang Seng 22, Strait Times 3, Regional Indices Index Value Muscat 6, Saudi Arabia 9, Dubai 5, Abu Dhabi 5, Kuwait (Price Index) 7, Bahrain 1, Qatar 12, Commodities Crude Oil ($/bbl) Value Crude Oil (WTI) Crude Oil (Brent) Metals Value Gold Future $/OZ 1, Silver Future $/OZ Aluminum $/T 1, Copper $/T 6, Nickel $/T 18, Al Maha EYE Asian stocks fall third day 28-Apr-14 Asian stocks fell for a third day, with the regional benchmark index heading for a twoweek low, as investors weigh corporate earnings and prospects Russia will be subject to new sanctions as tensions over Ukraine intensify. The MSCI Asia Pacific Index lost 0.4 percent to with seven of 10 industry groups falling. China s Shanghai Composite Index dropped 1.2 percent and Hong Kong s Hang Seng Index fell 0.38 percent. Singapore s Straits Times Index slipped 0.23 percent. Japan s Topix index fell 1.1 percent. Brent rises with WTI as further sanctions on Russia threatened Brent rebounded from its biggest loss in almost three weeks as the U.S. said it will impose more sanctions on Russia, the world s biggest energy exporter, as the Ukraine crisis escalates. West Texas Intermediate rose. Brent for June settlement climbed as much as 28 cents to $ a barrel on the London-based ICE Futures Europe exchange and was at $ WTI for June delivery rose as much as 48 cents to $ a barrel on the New York Mercantile Exchange. Gold advances to highest in more than a week on Ukraine crisis Gold climbed to the highest level in more than a week, set for a monthly gain, as a worsening crisis in Ukraine stoked haven demand. Bullion for immediate delivery rose as much as 0.3 percent to $1, an ounce, the highest since April 16, and traded at $1, Gold for June delivery rose 0.25 percent to $1, an ounce on the Comex in New York, gaining for a fourth day, the longest rally since March 14. Yen holds weekly gains versus most peers The yen held weekly gains against most of its 16 major peers as escalating tension in Ukraine spurred investor demand for safety. The yen was little changed at per dollar from April 25, when it capped a 0.3 percent weekly gain and reached , the strongest since April 17. Japan s currency added 0.1 percent to per euro. The single currency traded at $ from $ Forex Cross Currency Rates for Major currencies Currency $ Rs US $ Indian Rupees (Rs) Sterling ( ) Euro ( ) Japanese Yen ( ) GCC Returns (YTD) Currency Rates against OMR Currency Value OMR/ $ OMR/ OMR/ OMR/ OMR/ Rs Debt market Interest Rates LIBOR EURIBOR 1M 3M 6M 1Y Muscat Saudi Arabia Dubai Abu Dhabi Kuwait (Price Index) Bahrain Qatar Sources: Bloomberg, Reuters, Zawya, MSM Data as on 9.00 AM, 28-Apr-14

2 Round up REGIONAL & OMAN NEWS WATCH MSM Indices Movement 27-Apr-14 Index Last Prev. MSM 30 MSM30 6, , Financial BKINV 8, , Services SINSI 3, , Industry INDSI 10, , Shariah 1, , MSM Sectorial Snapshot Index MSM 30 Financial Industry Services Net Position Mcap P/E Dividend P/BV (RO '000) (Ann.) Yield 6,698, ,407, ,182, ,108, Nationality Buy Sell Net Buy / Vol () Val () Vol () Val () Sell OMANIS GCC ARABS OTHERS MSM Movers National Securities Al Madina Takaful Global Financial Investment Al Sharqia Investment Holding Taageer Finance MSM Shakers Oman Telecommunication Alizz Islamic Bank Hsbc Bank Oman National Gas Gulf Investment Services MSM Volume Leaders Oman Telecommunication Bank Muscat Galfar Engineering And Con. Salalah Mills Oman Investment And Finance Volume , , , , , Volume ,987, , , , , Volume ,987, ,584, , , , REGIONAL UAE hotel occupancy, revenues rise in March Hotel occupancy rate in the UAE increased by 1.1 percent to 84 percent in March 2014 as against same month last year while revenues per average room (RevPar) also rose 0.9 percent to Dh The average daily rate (ADR) in the UAE touched Dh871.91, down 0.2 percent on y-o-y basis. The UAE has 120 hotels in the pipeline with 34,671 rooms, according to the STR Global Construction Pipeline Report for March. OMAN Al Jazeera Steel declares results for Q Al Maha EYE Al Jazeera Steel Products Company SAOG achieved a net profit of RO 1.68 million for the first quarter ended 31 March 2014 compared to RO 1.40 million recorded for the same period of the previous year. Total revenue of the Company increased to RO million for the three month period from the RO million recorded during the first three months of HSBC Bank Oman announces result for three months ended 31 March 2014 HSBC Bank Oman SAOG reported a net profit of RO 3.1 million for the three months ended 31 March 2014 compared to RO 5.7 million recorded for the corresponding period of last year. Loans and advances of the Bank stood at RO 1.02 billion at the end of 31 March 2014 compared to RO 1.06 billion recorded a year earlier. Phase II of Duqm Frontier Town project to deliver 500 units The construction of the second phase of Duqm Frontier Town, which will deliver over 500 residential units, is expected to be completed by 2018, according to Ibrahim Sultan Al Hosni, deputy CEO of the Duqm Development Company. The second phase will be constructed over an area of 29 hectares with an investment of around RO 60 million. Habtoor Leighton bags $32mn contract for OARC s new plant Habtoor Leighton Group (HLG), operating as Leighton Middle East LLC in Oman, has secured a US$ 32 million contract with Oman Aluminium Rolling Company LLC (OARC) for the engineering, procurement and construction (EPC) of a state-of-the-art coil coating plant in Sohar. Construction of the coil coating plant will commence in May 2014 and completion is targeted for mid The coil coating plant is part of OARC s overall new rolling facilities that began commercial operations in 2014, with the plant achieving its full 160,000-tonne production capacity by MSM Returns (YTD) 1.00 MSM Value Leaders Oman Telecommunication Bank Muscat Salalah Mills Nawras Oman Cement Turnover ,811, , , , , MSM Financial Industry Services Breadth Advances 5 Declines 17 Total Securities Traded Activity Statistics Traded volume 26,057,706 Turnover R.O 32,297, Sources:Bloomberg,Reuters,Zawya,MSM

3 Technical Analysis MSM General Index Resistance Support EMA 10 EMA 25 RSI(14) ADX(14) 6, ,821 6,672 6,794 6, MSM General Index closed first trading session of the week at , shedding 0.82 with 26 million shares traded. Index continued southbound trajectory with its gap down opening on the previous session, while foreign investors were net buyers by Index remains in the oversold zone and continues to show weakness with its bearish structure on charts. Bank Muscat (BKMB) alert alert Resistance Support EMA 10 EMA 25 RSI(14) ADX(14) Bank Muscat ended Sunday's trading session at 0.604, unchanged with 1.58 million shares traded on the counter. BKMB continues to show bearishness with its recent decline with volumes the stock slipping below long term moving averages. Moves of key indicators suggest limited probability for a quick turn around for the scrip. On the down side, support is likely for the stock at levels. Al Maha Financial Services LLC

4 Technical Analysis Taageer Finance Company SAOG (TFCI) Resistance Support EMA 10 EMA 25 RSI(14) ADX(14) Taageer Finance Company ended yesterday's session at 0.143, inching up by 0.7 with thin volumes. TFCI demonstrates signs of changing outlook by struggling to hold the shoulder line of Head and Shoulder pattern. Though the scrip remains in the fairly possessed zone, moves of key indicators on weekly charts point to continuation of negative bias at the counter. Oman Fisheries Company (OFCI) Resistance Support EMA 10 EMA 25 RSI(14) ADX(14) Oman Fisheries closed flat on Sunday at 0.097, with 46 thousand shares changing hands. OFCI continues to show weakness with the stock being un successful in surpassing short term moving averages after its decline. The Doji candle stick formation by the scrip on the previous sessions and the trajectories of key oscillators point to continuation of flat trend at the counter. On the up side, the stock is likely to test resistance at Source:Tickerchart Al Maha Financial Services LLC

5 MSM Corporate Score Sheet Company Price 52-Weeks (Closing) Revenue Net Profit Dividend FY 2013 EPS Cap Result as on Y-o-Y Y-o-Y BVPS PE PBV Cash (Per (Values in RO '000) 27-Apr-14 High Low Capital Latest Previous Latest Previous (Ann.) share) Financial National Bank of Oman , , Dec ,900 98, ,400 40, Bank Muscat ,269 1,318, Dec , , , , Bonds Ahli Bank , , Dec-13 46,600 42, ,000 21, Bank Sohar , , Dec-13 59,210 52, ,871 23, Bank Dhofar , , Dec-13 89,558 84, ,278 37, HSBC Bank Oman , , Dec-13 68,732 60, ,863 5, Bank Nizwa , , Dec Ominvest , , Dec-13 68,052 60, ,177 10, ONIC Holding ,342 73, Dec-13 12,307 8, ,304 4, Al Anwar Holding* ,000 43, Dec-13 4,093 2, ,794 1, Gulf Inv. Services ,023 44, Dec-13 6,582 2, ,174 1, Al Madina Investment* ,832 22, Dec-13 1, (715) (264) -171 NM NM 1.1 Global Investment ,000 30, Dec-13 6,272 4, ,261 1, Oman United Insurance ,000 42, Dec-13 8,852 6, ,024 2, DIDIC , , Dec-13 24,551 15, ,719 11, Oman and Emirates Hldg ,188 33, Dec-13 8,742 7, ,433 2, Aggregate Industry Oman Cement , , Dec-13 56,358 59, ,050 17, Raysut Cement , , Dec-13 93,290 92, ,526 24, Al Anwar Ceramic , , Dec-13 26,408 22, ,885 6, Oman Cables , , Dec , , ,886 11, Galfar Engineering ,747 94, Dec , , ,533 9, National Aluminium ,357 10, Dec-13 18,623 17, Al Hassan Engineering ,521 17, Dec-13 62,571 49, (3,759) Aggregate Services Shell Oman ing , , Dec , , ,095 12, Al Jazeira Services ,172 60, Dec-13 11,340 12, ,750 4, Renaissance Services , , Dec , , ,950 13, Omantel ,000 1,065, Dec , , , , Nawras , , Dec , , ,100 37, Oman Inv. & Finance* ,000 57, Dec-13 9,819 8, ,058 1, Al Maha Petroleum , , Dec , , ,385 10, Aggregate 2,108, MSM-30-6,698, Others ACWA Power Barka , , Dec-13 42,657 42, ,057 7, Port Services Corp ,504 42, Dec-13 22,439 21, ,294 5, Oman Chlorine ,177 42, Dec-13 8,245 7, ,303 3, Construction Material ,500 5, Dec-13 3,678 3,580 3 (1,172) (67) NM NM NM 0.8 Salalah Mills ,816 68, Dec-13 59,912 52, ,938 5, Oman Flour Mills** ,750 99, Dec-13 37,800 33, ,313 2, United Finance ,501 39, Dec-13 11,559 9, ,640 3, A Saffa Foods , , Dec-13 28,537 25, ,760 5, Dhofar Cattlefeed ,700 20, Dec-13 29,517 25, (3,020) 1, NM NM 0.5 Voltamp Energy ,050 28, Dec-13 22,952 17, ,945 1, Jazeera Steel Product ,490 53, Dec-13 88,371 98, ,553 3, Gulf Int. Chemicals ,100 4, Dec-13 3,573 3, Oman Oil ing , , Dec , , ,172 9, Oman Refreshment , , Dec-13 69,013 66, ,357 10, Oman Fisheries* ,500 12, Dec-13 14,187 19, (545) (135) -304 NM NM 0.8 * FY March.** FY June Note : PBV is based on the latest available Financial Statements. Valuations are based on adjusted earnings. NM - Not Meaningful. Source:MSM Financial Sector & MSM-30 PE is excluding Bank Nizwa Corporate Score Sheet includes MSM-30 Index stocks along with 15 most active stocks

6 Al Maha EYE PO Box 1065 PC 117, Al Wadi Al Kabir, Sultanate of Oman Contacts Telephone Customer service & Operations: Zakia Al Ghammari Muna Al Hashmi Pravin Sivan Research: Suresh Kumar Radhika Gadhia Khushboo Badlani Portfolio Management: Shailendra Kumar Singh Brokerage: Mahmoud Al Hamsaidi Halima Al Mahrooqi Nasser Al Banna Disclaimer The information contained in this report has been obtained from the sources believed to be reliable and in good faith, but which may not be verified independently. While utmost care has been taken in preparing the above report, Al Maha Financial Services LLC makes no guarantee, representation or warranty, whether expressed or implied, and accepts no responsibility or liability to its accuracy and completeness of the data, being provided. Opinion expressed is our current opinion as of the date appearing on this material only. We do not undertake to advise you as to any change of our views expressed in this document. The investments discussed in this report may not be suitable for all the investors. Investors must take their own decision based on their specific investment objectives and financial position, and using such independent advisors, as they believe necessary. Income from investments may fluctuate. The price or value of the investments, to which this report relates, either directly or indirectly, may fall against the interest of investors. This document is strictly for the use of recipients only. None of the material provided herein may be reproduced, rewritten, rehashed, published, resold or distributed in any manner whatsoever without the prior and explicit written permission of