The QE index in Qatar rose 0.4% led by gains in the Telecom and Banking indices. Islamic Holding Group and QNB Group were the top gainers rising 3.1% and 1.9% respectively, while Qatari Investors Group fell 2.0%. Regional indices were mixed with Abu Dhabi falling 0.1% while Bahrain gained 0.1%. Globally, the ZEW Survey Expectations in Germany rose to 49.6. In Qatar news, MERS and QATI will replace two stocks on the QE Index, while Qatargas signed a 5-year LNG supply deal with Petronas UK.

1. Page 1 of 5
QE Intra-Day Movement
Qatar Commentary
The QE index rose 0.4% to close at 9,806.6. Gains were led by the Telecoms
and Banking & Financial Services indices, gaining 1.5% and 0.9% respectively.
Top gainers were Islamic Holding Group and QNB Group, rising 3.1% and
1.9% respectively. Among the top losers, Qatari Investors Group fell 2.0%,
while Medicare Group declined 1.8%.
GCC Commentary
Saudi Arabia: The TASI index fell 0.5% to close at 8,030.6. Losses were led
by the Real Estate Dev. and Bank. & Fin. Ser. indices, declining 1.6% and
1.0% respectively. MEDGULF fell 2.5%, while Dar Al Arkan was down 2.4%.
Dubai: The DFM index declined 1.1% to close at 2,616.4. The Investment &
Financial Services and Real Estate & Construction indices fell 1.6% each. Gulf
Navigation Holding declined 4.5%, while SHUAA Capital was down 3.0%.
Abu Dhabi: The ADX benchmark index fell 0.1% to close at 3,778.6. The Real
Estate and Consumer indices declined 1.2% each. Commercial Bank
International fell 8.6%, while National Marine Dredging Co. was down 6.6%.
Kuwait: The KSE index declined 0.9% to close at 7,721.0. The Health Care
index fell 2.4%, while the Consumer Services index was down 1.9%. First
Investment Co. declined 8.8%, while IFA Hotels & Resorts was down 8.1%.
Oman: The MSM index fell 0.5% to close at 6,571.5. Losses were led by the
Ser. & Ins. and Industrial indices, declining 0.7% and 0.2% respectively. Oman
Telecomm. Co. fell 4.3%, while Transgulf Inv. Holding Co. was down 1.8%.
Bahrain: The BHB index gained 0.1% to close at 1,192.2. The Investment
index rose 0.4%, while the Services index was up 0.2%. Bahrain Commercial
Facilities gained 6.0%, while Seef Properties was up 3.0%.
Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD%
Islamic Holding Group 40.50 3.1 58.8 6.6
QNB Group 174.70 1.9 179.3 33.5
Qatar Meat & Livestock Co. 51.50 1.8 301.3 (12.4)
Ooredoo 142.00 1.7 68.3 36.5
Qatar Electricity & Water Co. 158.60 1.4 85.0 19.8
Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD%
United Development Co. 21.97 1.2 3,759.9 23.4
Barwa Real Estate Co. 25.30 (1.0) 402.7 (7.8)
Masraf Al Rayan 29.50 0.2 399.5 19.0
Qatari Investors Group 29.90 (2.0) 395.6 30.0
Qatar Gas Transport Co. 19.70 0.0 369.8 29.1
Source: Bloomberg (* in QR)
Market Indicators 17 Sep 13 16 Sep 13 %Chg.
Value Traded (QR mn) 351.2 345.6 1.6
Exch. Market Cap. (QR mn) 535,275.0 532,495.9 0.5
Volume (mn) 8.9 8.2 8.4
Number of Transactions 4,286 4,017 6.7
Companies Traded 39 39 0.0
Market Breadth 19:16 17:18 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 14,011.35 0.4 1.9 23.9 N/A
All Share Index 2,468.11 0.4 1.9 22.5 13.0
Banks 2,404.75 0.9 1.8 23.4 12.7
Industrials 3,102.68 (0.1) 1.8 18.1 11.4
Transportation 1,814.96 (0.7) 2.5 35.4 12.4
Real Estate 1,768.96 (0.1) 1.9 9.8 13.3
Insurance 2,245.33 (0.1) 1.0 14.3 9.3
Telecoms 1,465.87 1.5 2.3 37.6 15.4
Consumer 5,915.61 0.3 2.1 26.7 24.3
Al Rayan Islamic Index 2,804.72 (0.2) 1.6 12.7 14.4
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
Investbank Abu Dhabi 2.40 7.1 217.5 48.1
United Arab Bank Abu Dhabi 5.50 3.8 541.7 78.6
Saudi Fisheries Co. Saudi Arabia 31.20 3.0 3,109.2 2.3
QNB Group Qatar 174.70 1.9 179.3 33.5
Union National Bank Abu Dhabi 4.99 1.8 414.0 72.7
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
IFA Hotels & Resorts Kuwait 0.57 (8.1) 1.0 29.5
Nat. Marine Dredging Abu Dhabi 8.50 (6.6) 520.1 (15.0)
Oman Telecomm. Co. Oman 1.53 (4.3) 1,451.3 4.1
Salhia Real Estate Co. Kuwait 0.34 (4.3) 1.9 (9.5)
Nat. Industries Group Kuwait 0.26 (3.8) 4,090.3 19.2
Source: Bloomberg (
#
in Local Currency) (
##
GCC Top gainers/losers derived from the Bloomberg GCC
200 Index comprising of the top 200 regional equities based on market capitalization and liquidity)
Qatar Exchange Top Losers Close* 1D% Vol. ‘000 YTD%
Qatari Investors Group 29.90 (2.0) 395.6 30.0
Medicare Group 49.50 (1.8) 298.7 38.7
Qatar Navigation 81.00 (1.6) 154.8 28.4
Gulf Warehousing Co. 41.55 (1.1) 11.1 24.0
Barwa Real Estate Co. 25.30 (1.0) 402.7 (7.8)
Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD%
United Development Co. 21.97 1.2 82,779.1 23.4
Industries Qatar 153.70 (0.5) 36,953.9 9.0
QNB Group 174.70 1.9 31,128.5 33.5
Doha Bank 54.40 0.2 17,868.8 17.3
Qatar Meat & Livestock Co. 51.50 1.8 15,594.6 (12.4)
Source: Bloomberg (* in QR)
Regional Indices Close 1D% WTD% MTD% YTD%
Exch. Val. Traded
($ mn)
Exchange Mkt.
Cap. ($ mn)
P/E** P/B**
Dividend
Yield
Qatar* 9,806.58 0.4 1.9 1.9 17.3 96.48 147,040.0 12.3 1.7 4.7
Dubai 2,616.40 (1.1) 3.1 3.7 61.3 187.76 64,164.9 15.2 1.0 3.4
Abu Dhabi 3,778.60 (0.1) 1.6 1.2 43.6 60.19 108,800.0 10.8 1.3 4.8
Saudi Arabia 8,030.58 (0.5) 1.7 3.4 18.1 1,709.52 425,285.6 16.8 2.1 3.6
Kuwait 7,720.99 (0.9) 1.8 1.2 30.1 215.94 110,048.8 18.1 1.2 3.7
Oman 6,571.46 (0.5) (0.1) (1.8) 14.1 24.13 23,034.2 10.8 1.6 3.9
Bahrain 1,192.15 0.1 0.9 0.3 11.9 0.34 21,826.1 8.4 0.9 4.0
Source: Bloomberg, Qatar Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
9,760
9,780
9,800
9,820
9,840
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00

2. Page 2 of 5
Qatar Market Commentary
 The QE index rose 0.4% to close at 9,806.6. The Telecoms and
Banking & Financial Services indices led the gains. The index
rose on the back of buying support from non-Qatari shareholders
despite selling pressure from Qatari shareholders.
 Islamic Holding Group and QNB Group were the top gainers,
rising 3.1% and 1.9% respectively. Among the top losers, Qatari
Investors Group fell 2.0%, while Medicare Group declined 1.8%.
 Volume of shares traded on Tuesday rose by 8.4% to 8.9mn
from 8.2mn on Monday. Further, as compared to the 30-day
moving average of 8.6mn, volume for the day was 3.4% higher.
United Development Co. and Barwa Real Estate Co. were the
most active stocks, contributing 42.2% and 4.5% to the total
volume respectively.
Source: Qatar Exchange (* as a % of traded value)
Global Economic Data
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
09/17 US Bureau of Labor Stat. CPI MoM August 0.10% 0.20% 0.20%
09/17 US Bureau of Labor Stat. CPI YoY August 1.50% 1.60% 2.00%
09/17 US Bureau of Labor Stat. CPI Core Index SA August 234.302 234.341 234
09/17 US Bureau of Labor Stat. CPI Index NSA August 233.877 233.963 233.6
09/17 US US Treasury Net Long-term TIC Flows July $31.1B -$15.0B -$67.0B
09/17 US NAHB NAHB Housing Market Index September 58 58 58
09/17 EU ZEW ZEW Survey Expectations September 58.6 - 44.0
09/17 Germany ZEW ZEW Survey Current Situation September 30.6 20.0 18.3
09/17 Germany ZEW ZEW Survey Expectations September 49.6 45.0 42.0
09/17 UK ONS Retail Price Index August 251.0 250.8 249.7
09/17 UK ONS PPI Input NSA MoM August -0.20% 0.20% 1.20%
09/17 UK ONS PPI Input NSA YoY August 2.80% 3.00% 5.10%
09/17 UK ONS PPI Output NSA MoM August 0.10% 0.20% 0.20%
09/17 UK ONS PPI Output Core NSA MoM August 0.00% 0.10% 0.10%
09/17 UK ONS ONS House Price YoY July 3.30% 3.40% 3.10%
09/17 UK ONS CPI MoM August 0.40% 0.50% 0.00%
09/17 UK ONS CPI YoY August 2.70% 2.70% 2.80%
09/17 China NBS Foreign Direct Investment YoY August 0.60% 12.50% 24.10%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
 MERS, QATI to replace KCBK, MRDS on the QE Index – Al
Meera Consumer Goods Company (MERS) and the Qatar
Insurance Company (QATI) will replace Al Khalij Commercial
Bank (KCBK) and Mazaya Qatar Real Estate Development
Company (MRDS) in the 20-stock QE Index from October 01,
2013. The index recast will be effective from October 1, 2013.
The other 18 entities will continue to be QNB Group, Industries
Qatar, Ooredoo, Commercial Bank, Qatar Islamic Bank, Qatar
Electricity & Water, Doha Bank, Nakilat, Barwa, Milaha, United
Development Company, International Islamic, Gulf International
Services, Qatari Investors Group, Vodafone Qatar, Alijarah
Holding and Widam Food. Meanwhile, a total of 40 stocks has
been included in QE All Share Index (and related sector index)
calculation as of October 1. Ahlibank Qatar has joined the index,
while Mannai Corporation has been removed. Further, Qatar
National Cement has joined the Al Rayan Islamic Index, which
will increase that index’s member count to 18. (QE)
 QFMA to establish grievance committee for investors – The
Qatar Financial Market Authority (QFMA) will soon establish a
five-member grievance committee to protect the interests of
investors and to promote the securities market’s development.
The committee will decide on grievances concerning the penal
actions issued by the QFMA and its decisions will be final. (Gulf-
Times.com)
 Qatargas, Petronas UK sign 5-year LNG supply deal –
Qatargas 4 and Petronas LNG (UK) signed a five-year sale and
purchase agreement for an annual LNG volume of 1.14mn tons,
with effect from January 2014. The LNG will be supplied from
Qatargas 4 (Train 7), a JV between Qatar Petroleum and Shell,
which started production in January 2011. This will be delivered
on board Q-Flex LNG vessels to Petronas Dragon LNG
Terminal located in Milford Haven, UK. (Gulf-Times.com)
 QAFAC to start $80mn CO2 recovery project – Qatar Fuel
Additives Company (QAFAC) is set to commission a carbon
dioxide (CO2) recovery project worth $80mn that will capture
and re-inject 500 tons of CO2 per day into the production cycle
for greater output of methanol. The upcoming project will be
commissioned in 3Q2014. QAFAC’s General Manager Nasser
Jeham Al Kuwari said Qatar is striving to reduce its CO2
Overall Activity Buy %* Sell %* Net (QR)
Qatari 64.63% 67.69% (10,746,182.02)
Non-Qatari 35.37% 32.31% 10,746,182.02

3. Page 3 of 5
emissions as part of its environmental commitment and has
launched projects related to carbon capture at a cost of around
$1bn in different parts of the country. (Peninsula Qatar)
 Qatar aims to get 2% power from renewables by 2020 –
According to the Qatar Energy & Industry Sector Sustainability
Report 2012, the country aims to generate 2% of its total power
output from renewable energy sources by 2020 as the
development of alternative energy presents new opportunities
for Qatar. The report said that enhanced production and
productivity has helped 24 companies in the energy & industry
sector earn revenues of QR502bn in 2012, up 10.7% YoY.
Moreover, gas flaring by some 14 comparable Qatari companies
in the energy & industry sector indicates a reduction by 9.9% led
by significant cuts in refining. The report showed that Qatar’s
energy & industry sector directly employed 34,710 people in
2012, of whom 24.6% were Qatari citizens. Meanwhile,
according to the Qatar Statistics Authority and QNB Group
estimates, the oil & gas sector contributed 57.8% of Qatar’s total
nominal GDP in 2012. Nominal GDP increased by 12% in 2012
after an expansion of 14% from 2008-2012. Growth was driven
by the gas sector, which accounted for 42% of total GDP in
2012, and rising hydrocarbon prices. (Gulf-Times.com)
 Mowasalat to operate 63 new CNG buses, run 2,000 buses
before World Cup – Mowasalat has announced the
strengthening of its public transport fleet with 63 new buses
operated on compressed natural gas (CNG). Mowasalat CEO
Ahmed Busherbak al-Mansouri said several of its existing buses
would be replaced with CNG-run buses, besides adding more
such vehicles to the fleet. Currently, the company operates
buses on 38 routes. Meanwhile, Mowasalat plans to have about
2,000 public buses on its roads by the 2022 FIFA World Cup.
(Gulf-Times.com, Peninsula Qatar)
 Qatar Holding said to suspend Versace bid – According to
sources, Qatar is less likely to bid for the Italian fashion house
Versace, despite holding talks with the group earlier in 2013.
Earlier, Vice-President of the Versace Group Donatella Versace
had stated the company is putting a minority stake on the block
to raise cash for investments. (Reuters)
 British carbon capture research coming to Qatar – A joint
program between Qatar Shell, Qatar Petroleum and the Imperial
College of London will bring a long-term research &
development (R&D) project on reducing CO2 emissions to Qatar
soon. The 10-year, $70mn research project will explore effects
of long-term carbon capture and storage and find new
technologies. (Peninsula Qatar)
 QMLS changes its name and ticker – The Qatar Company for
Meat & Livestock (QMLS) will change its name to Widam Food
Company and its ticker on the Qatar Exchange to WDAM from
September 22, 2013. (QE)
 KHCD changes symbol to QIGD – The Qatari Investors Group
will change its company symbol from KHCD to QIGD from
September 22, 2013. (QE)
 Real estate transactions worth QR859.5mn during
September 8-12 – The Real Estate Registration Department in
Qatar’s Ministry of Justice said real estate transactions worth
QR859.5mn were registered between September 8 and 12 in
Qatar. Properties that were traded include open plots of land,
two floors and adjacent villas, residential buildings and shops
located in the municipalities of Umm Salal, Al Khor, Al Shamal,
Doha, Al Rayyan, Al Daayen and Al Wakra. (Bloomberg)
 IGTC obtains contract to supply fire curtain safety system –
The International Gulf Trading Company (IGTC) has signed a
contract with Hamad Medical City Hospital to provide
comprehensive fire curtain safety system at its health facility.
(AME Info)
International
 Fed likely to reduce bond buying, pass policy milestone –
The US Federal Reserve is expected to begin its long retreat
from ultra-easy monetary policy today by announcing a small
reduction in its bond buying, while stressing that interest rates
will remain near zero for a long time to come. Most economists
expect the Fed to scale back its monthly purchases by a modest
$10bn, taking them to $75bn, and signaling the beginning of the
end to an unprecedented episode of monetary expansion that
had worldwide implications. (Reuters)
 IMF: fiscal crisis taught not to cut budgets rapidly –
According to the latest IMF paper, countries seeking to get their
finances in order should not act too quickly to enact budget cuts,
but should weigh investor confidence in their bonds. The paper
mentioned that the optimal pace of adjustment depends on the
state of the economy, the condition of public finances and the
extent of market pressures. The IMF added that even for
countries battling to retain investor confidence, “speed limits” on
consolidation may be a good idea to avoid crimping growth to a
point that any reduction of debt-to-GDP ratio would be counter-
productive. Summing up lessons learned about fiscal policy from
the global financial crisis, the paper said the evidence is still
inconclusive and provides little guidance for governments
struggling to decide how to get their finances in order. The
proper pace of budget cuts is likely to be in focus during
meetings of G20 finance ministers and central bankers in
Washington next month. (Reuters)
 Spain moves forward with tough pension reform – Spain is
reportedly moving forward with a long-awaited pension reform
that will tightly restrict index-linking of pension payouts and aims
at saving €33bn over the next decade. Increases in pension
payments will no longer be automatically indexed to annual
inflation. The reform, which the government hopes to get
approved by the parliament before the end of the year, will help
manage the tough task of drawing up next year's budget with
expected savings of €800mn in 2014. It will also boost Spain's
efforts to deflate one of the highest public deficits. (Reuters)
Regional
 GPCA: GCC fertilizer manufacturers must diversify their
portfolios – The Gulf Petrochemicals & Chemicals Association
(GPCA) said that fertilizer manufacturers in the GCC region
must diversify their portfolios to withstand future oil & gas
feedstock challenges. With the increasing demand for power
and water desalination among GCC countries, hydrocarbon
reserves are becoming more expensive for the region's fertilizer
producers. According to GPCA data, nitrogen fertilizers such as
ammonia and urea are manufactured by a hydrocarbon
intensive process, which currently makes up the bulk of GCC
region’s fertilizer portfolio. The ammonia output is expected to
increase to 13mn tons, while urea output will rise to 16.5mn tons
by 2020. Meanwhile, phosphate currently makes up a fraction of
the GCC fertilizer portfolio, with a production capacity of 3.4mn
tons, which is expected to reach 5.5mn tons capacity by the end
of this decade. The Saudi Arabian Mining Company (Maaden) is
set to add 1.5mn tons of rock phosphate capacity at the Waad
Al Shamal Industrial City by 2016. (AME Info)
 Al-Khodari Sons obtains registration certificate from
Bahrain’s MOIC – Abdullah Abdul Mohsin Al-Khodari Sons
Company has completed the procedure to establish its branch in
Bahrain by obtaining the commercial registration certificate from
Bahrain’s Ministry of Industry & Commerce (MOIC). (Tadawul)

4. Page 4 of 5
 Daewoo E&C obtains $521.5mn contract in Saudi Arabia –
South Korea-based Daewoo Engineering & Construction
Company (Daewoo E&C) has obtained a $521.5mn contract
from Japan-based JGC Corporation to construct a naphtha
treatment plant and other facilities for a refinery in Jazan, Saudi
Arabia. (Reuters)
 UAE central bank backs proposed mortgage lending ratios
– The UAE’s Banking Federation Chairman Abdulaziz Al Ghurair
said that the UAE Central Bank is comfortable with the mortgage
lending ratios proposed by lenders and expects to issue new
regulations by the end of 2013. He also said that based on a
general agreement, banks should lend UAE nationals as much
as 80% of the value of their homes and 75% for expatriates.
Under the new rule, UAE banks will not be allowed to finance
the third house bought by expatriates. Further, mortgages would
be limited to the equivalent of seven year’s total income for an
expatriate and eight years’ income for a UAE citizen. This
income shall exclude end-of-service benefits, which are paid by
companies to employees. (Bloomberg)
 UAE falafel chain to offer IPO on Nasdaq Dubai – According
to sources, Just Falafel, a UAE-based franchise restaurant
offering traditional Arab food, has hired an adviser to help
arrange for an IPO of its shares on the Nasdaq Dubai bourse by
October. (Peninsula Qatar)
 DMC signs MoU with Shell to explore diverse business
options – The Dubai Maritime City (DMC) has signed a MoU
with Dutch oil company Shell to explore diverse business
options related to alternative sources of energy such as LNG.
The primary focus will be on exploring opportunities that will
enable the adoption of LNG as a fuel in road and marine
transportation, power and other industries in the Middle East,
North African and South Asian regions. (AME Info)
 GCAA certifies DWC for passenger operations – The UAE’s
General Civil Aviation Authority (GCAA) has certified Al
Maktoum International Airport at Dubai World Central (DWC) to
handle passenger operations after assessing full compliance of
the aerodrome with its stringent requirements. This paves the
way for the launch of the new passenger terminal building on
October 27. (GulfBase.com)
 SKAI Dubai hotel project earns AED2.4bn sales – Dubai-
based developer SKAI Holdings (SKAI) has obtained sales
worth AED2.4bn since the launch of its “Viceroy Dubai Palm
Jumeirah” project. This AED3.7bn property has 481 large rooms
& suites and 221 signature Viceroy Residences. SKAI has sold
470 hotel rooms, 219 residential apartments and villas to date,
which represent 98% of the total available units. The remaining
areas of food & beverage outlets, meeting rooms, banquet hall
and spa will be retained by the developer. (GulfBase.com)
 DAMAC appoints banks to arrange IPO in London – DAMAC
Properties has hired Deutsche Bank and Citibank to help
arrange for an IPO of its shares in London. (Reuters)
 NBF starts NBF Trade Services in Hong Kong – The National
Bank of Fujairah (NBF) has established NBF Trade Services
Limited in Hong Kong, a non-banking subsidiary that will utilize
Wells Fargo's trade processing capabilities to better serve UAE
customers who are doing business in Asia. This will be NBF's
first overseas subsidiary and will facilitate the reissuance of
import letters of credit to beneficiaries in Asia. This will provide
NBF customers easier access to their trading partners in this
region and reduce turnaround time for payments, documentation
and the delivery of goods. (AME Info)
 Etihad increases flights to Islamabad – Etihad Airways has
further increased its flights to Islamabad, Pakistan from nine
flights to eleven flights per week. Etihad will now offer 31 weekly
flights from Pakistani cities of Karachi, Lahore, Islamabad and
Peshawar. (AME Info)
 Kuwait drops idea of Hormuz bypass pipeline – Kuwait has
reportedly decided not to build an oil export pipeline to bypass
the Strait of Hormuz since it figured it would be too difficult and
costly. State-owned Kuwait Petroleum Corporation (KPC) has
also studied alternative export options, including pipelines
through Saudi Arabia and Iraq, but these proposals have been
dismissed as too expensive because of the long routes involved.
(Peninsula Qatar)
 Oman to sell 27% stake in Omantel – The Omani government
is set to sell 27% stake in the Oman Telecommunications
Company (Omantel) to Omani nationals and institutions through
public subscription. (MSM)
 Alizz Islamic Bank appoints new management – Alizz Islamic
Bank has appointed Jamal Darwiche as the new acting CEO,
Saif Al Yarabi as new CFO and Pete Byrne as the Head of
Audit. (MSM)
 Meethaq inks 3 deals with Al Madina Group – Meethaq, the
Islamic banking division of Bank Muscat, has signed three
agreements for the development of the first Shari’ah-compliant
five-star hotel in Oman, and an integrated residential &
commercial complex in Al Hail. Meethaq’s first deal worth
OMR28mn with Shaza Muscat Company is for developing the
Grand Millennium Muscat Hotel, which is scheduled to be ready
by 3Q2014. Further, Meethaq has also signed two agreements
worth OMR11mn with Al Madina Real Estate Company for the
development of an integrated residential & commercial complex
“Shaden Al Hail” in Al Hail. (GulfBase.com)
 ABC’s unit to arrange $133mn loan for Tunisiana Telecom –
Tunisiana Telecom has mandated ABC Tunisie, a subsidiary of
the Arab Banking Corporation (ABC) as the sole lead arranger
and facility agent for a five-year term loan worth $133mn.
(GulfBase.com)
 Baharain-based Investcorp interested in Versace’s stake –
According to sources, Bahrain-based fund Investcorp is one of
several investors who have expressed a preliminary interest in
buying a stake in Versace. Versace is expected to sell a stake of
15-20%. (Gulf-Times.com)

5. Contacts
Saugata Sarkar Ahmed M. Shehada Keith Whitney Sahbi Kasraoui
Head of Research Head of Trading Head of Sales Manager - HNWI
Tel: (+974) 4476 6534 Tel: (+974) 4476 6535 Tel: (+974) 4476 6533 Tel: (+974) 4476 6544
saugata.sarkar@qnbfs.com.qa ahmed.shehada@qnbfs.com.qa keith.whitney@qnbfs.com.qa sahbi.alkasraoui@qnbfs.com.qa
QNB Financial Services SPC
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
DISCLAIMER: This publication has been prepared by QNB Financial Services SPC (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (“QNB”). QNBFS is regulated by the Qatar
Financial Markets Authority and the Qatar Exchange; QNB is regulated by the Qatar Central Bank. This publication expresses the views and opinions of QNBFS at a given time only. It is not an
offer, promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or financial advice. We therefore strongly advise potential
investors to seek independent professional advice before making any investment decision. Although the information in this report has been obtained from sources that QNBFS believes to be
reliable, we have not independently verified such information and it may not be accurate or complete. While this publication has been prepared with the utmost degree of care by our analysts,
QNBFS does not make any representations or warranties as to the accuracy and completeness of the information it may contain, and declines any liability in that respect. QNBFS reserves the
right to amend the views and opinions expressed in this publication at any time. It may also express viewpoints or make investment decisions that differ significantly from, or even contradict, the
views and opinions included in this report.
COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS.
Page 5 of 5
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg
80.0
90.0
100.0
110.0
120.0
130.0
140.0
150.0
Jan-10 Aug-10 Mar-11 Oct-11 May-12 Dec-12 Jul-13
QE Index S&PPan Arab S&P GCC
(0.5%)
0.4%
(0.9%)
0.1%
(0.5%)
(0.1%)
(1.1%)
(1.8%)
(1.2%)
(0.6%)
0.0%
0.6%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD%
Gold/Ounce 1,310.64 (0.2) (1.2) (21.8) DJ Industrial 15,529.73 0.2 1.0 18.5
Silver/Ounce 21.75 (0.3) (2.1) (28.3) S&P 500 1,704.76 0.4 1.0 19.5
Crude Oil (Brent)/Barrel (FM
Future)
108.19 (1.7) (4.1) (2.6) NASDAQ 100 3,745.70 0.7 0.6 24.0
Natural Gas (Henry
Hub)/MMBtu
3.77 3.5 4.6 10.0 STOXX 600 311.95 (0.5) 0.2 11.5
North American Spot LPG
Propane Price
111.63 (1.4) (2.1) 24.7 DAX 8,596.95 (0.2) 1.0 12.9
North American Spot LPG
Normal Butane Price
132.13 (1.3) (2.9) (23.6) FTSE 100 6,570.17 (0.8) (0.2) 11.4
Euro 1.34 0.2 0.5 1.3 CAC 40 4,145.51 (0.2) 0.8 13.9
Yen 99.13 0.1 (0.3) 14.3 Nikkei 14,311.67 (0.6) (0.6) 37.7
GBP 1.59 0.1 0.2 (2.2) MSCI EM 1,002.44 0.1 1.6 (5.0)
CHF 1.08 0.1 0.4 (1.1) SHANGHAI SE Composite 2,185.56 (2.1) (2.3) (3.7)
AUD 0.94 0.4 1.2 (10.0) HANG SENG 23,180.52 (0.3) 1.2 2.3
USD Index 81.14 (0.2) (0.4) 1.7 BSE SENSEX 19,804.03 0.3 0.4 1.9
RUB 32.21 (0.2) (0.8) 5.5 Bovespa 54,271.25 0.8 0.9 (11.0)
BRL 0.44 1.0 1.1 (9.1) RTS 1,439.79 0.3 3.1 (5.7)
140.9
126.0
114.0