1. QE Intra-Day Movement
Market Indicators
10,340
10,320
10,300
10,280
9:30
21 Nov 13
20 Nov 13
%Chg.
Value Traded (QR mn)
Exch. Market Cap. (QR mn)
Volume (mn)
Number of Transactions
Companies Traded
Market Breadth
545.9
553,188.4
18.4
8,604
42
16:20
909.0
555,297.7
29.7
11,132
41
13:28
(39.9)
(0.4)
(37.9)
(22.7)
2.4
–
Market Indices
10:00
10:30
11:00
11:30
12:00
12:30
13:00
Qatar Commentary
The QE index declined 0.5% to close at 10,283.0. Losses were led by the
Transportation and Telecoms indices, declining 0.6% and 0.5% respectively.
Top losers were Qatari Investors Group and Medicare Group, falling 5.6% and
1.5% respectively. Among the top gainers, Dlala Brok. & Inv. Holding Co. rose
4.8%, while Zad Holding Co. gained 4.6%.
Close
Total Return
All Share Index
Banks
Industrials
Transportation
Real Estate
Insurance
Telecoms
Consumer
Al Rayan Islamic Index
1D%
WTD%
YTD%
TTM P/E
14,692.05
2,565.09
2,438.28
3,368.19
1,883.42
1,981.64
2,343.61
1,457.17
5,988.93
2,980.89
(0.5)
(0.4)
(0.4)
(1.1)
(0.6)
2.0
(0.4)
(0.5)
0.5
(0.3)
0.7
0.6
0.1
0.3
1.2
4.9
(0.7)
0.9
1.4
2.0
29.9
27.3
25.1
28.2
40.5
23.0
19.4
36.8
28.2
19.8
N/A
13.0
13.1
12.2
12.8
13.6
9.6
19.8
22.7
15.5
GCC Commentary
GCC Top Gainers##
Exchange
Close#
1D%
Vol. ‘000
Saudi Arabia: The TASI index gained marginally to close at 8,337.8. Gains
were led by the Transport and Agri. & Food Ind. indices, rising 1.0% and 0.8%
respectively. South. Prov. Cem. rose 4.2%, while Arriyadh Dev. was up 2.5%.
Abu Dhabi Nat. Hotels
Abu Dhabi
2.45
10.4
1,246.0
38.4
Combined Group Cont.
Kuwait
1.32
4.8
6.5
(9.6)
Dubai: The DFM index rose 0.1% to close at 2,891.2. The Services index
gained 2.2%, while the Investment & Financial Services index was up 1.7%.
Ajman Bank rose 3.9%, while Dubai Investment was up 2.8%.
Comm. Bank of Kuwait
Kuwait
Southern Prov. Cement
Saudi Arabia
Abu Dhabi: The ADX benchmark index declined 0.2% to close at 3,831.8. The
Consumer index fell 1.5%, while the Insurance index was down 0.7%. Int. Fish
Farming Holding declined 10.0%, while Nat. Marine Dredging was down 9.8%.
Ajman Bank
Dubai
GCC Top Losers
Exchange
Kuwait: The KSE index fell 0.4% to close at 7,841.4. The Telecommunication
index declined 1.9%, while the Consumer Services index was down 1.1%.
Zima Holding Co. fell 7.7%, while Credit Rating & Collection was down 6.7%.
Nat. Marine Dredging
Abu Dhabi
Qatari Investors Group
Qatar
Oman: The MSM index declined 0.1% to close at 6,772.5. Losses were led by
the Banking & Investment and Industrial indices, declining 0.3% each. Dhofar
Insurance declined 4.0%, while Salalah Mills was down 2.1%.
ALAFCO
Kuwait
Yamamah Saudi Cem.
Saudi Arabia
Al Abdullatif Industrial
Saudi Arabia
42.50
Bahrain: The BHB index rose 0.7% to close at 1,201.7. The Commercial
Banking index gained 1.6%, while the Services index was up 0.1%. National
Bank of Bahrain rose 3.2%, while Ahli United Bank was up 2.2%.
Qatar Exchange Top Gainers
Dlala Brok. & Inv. Holding Co.
##
YTD%
0.73
4.3
0.0
2.8
124.50
4.2
602.6
24.5
2.16
3.9
8,103.8
52.1
#
1D% Vol. ‘000
YTD%
8.50
(9.8)
1.0
(15.0)
38.15
(5.6)
1,816.6
65.9
0.27
(3.6)
2,885.5
(23.9)
61.00
(3.2)
742.5
(28.4)
(3.0)
685.1
34.1
Close
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)
Close*
1D%
Vol. ‘000
YTD%
Qatar Exchange Top Losers
Close*
1D%
Vol. ‘000
YTD%
22.00
4.8
558.8
(29.2)
Qatari Investors Group
38.15
(5.6)
1,816.6
65.9
Medicare Group
53.90
(1.5)
1,138.1
51.0
Zad Holding Co.
68.80
4.6
1.8
17.0
Barwa Real Estate Co.
29.60
2.8
2,749.8
7.8
Al Khaleej Takaful Group
38.35
(1.4)
2.8
4.6
Qatar & Oman Investment Co.
12.68
2.3
771.3
2.3
Qatar German Co. for Med. Dev.
14.65
(1.3)
77.8
(0.9)
Mazaya Qatar Real Estate Dev.
11.60
1.8
4,046.9
5.5
Qatar National Cement Co.
103.00
(1.3)
14.5
(3.7)
Close*
1D%
Vol. ‘000
YTD%
Close*
1D%
Val. ‘000
Mazaya Qatar Real Estate Dev.
11.60
1.8
4,046.9
5.5
Barwa Real Estate Co.
29.60
2.8
80,403.9
7.8
Barwa Real Estate Co.
29.60
2.8
2,749.8
7.8
Qatari Investors Group
38.15
(5.6)
69,359.2
65.9
United Development Co.
23.60
0.9
2,055.7
32.6
Medicare Group
Qatari Investors Group
38.15
(5.6)
1,816.6
65.9
QNB Group
Vodafone Qatar
10.56
(0.5)
1,758.9
26.5
United Development Co.
Qatar Exchange Top Vol. Trades
Qatar*
Dubai
Abu Dhabi
Saudi Arabia
Kuwait
Oman
Bahrain
YTD%
53.90
(1.5)
62,583.8
51.0
173.00
(0.5)
60,424.6
32.2
23.60
0.9
48,569.8
32.6
Source: Bloomberg (* in QR)
Source: Bloomberg (* in QR)
Regional Indices
Qatar Exchange Top Val. Trades
Close
1D%
WTD%
MTD%
YTD%
10,283.00
2,891.16
3,831.78
8,337.78
7,841.40
6,772.48
1,201.70
(0.5)
0.1
(0.2)
0.0
(0.4)
(0.1)
0.7
0.7
2.3
1.0
0.2
(0.8)
0.2
(0.2)
4.5
(1.1)
(0.4)
3.6
(1.3)
1.5
(0.0)
23.0
78.2
45.6
22.6
32.1
17.6
12.8
Exch. Val. Traded
($ mn)
149.95
166.33
92.59
1055.54
196.12
23.60
1.18
Exchange Mkt.
Cap. ($ mn)
151,960.8
69,303.71
110,027.3
452,545.4
108,474.5
24,119.5
16,705.9
P/E**
P/B**
13.1
17.1
10.6
17.1
18.1
10.8
8.1
1.8
1.2
1.3
2.1
1.3
1.6
0.8
Dividend
Yield
4.5
3.1
4.7
3.6
3.6
3.8
4.0
Source: Bloomberg, Qatar Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
Page 1 of 5

2. Qatar Market Commentary
 The QE index declined 0.5% to close at 10,283.0. The
Transportation and Telecoms indices led the losses. The index
declined on the back of selling pressure from Qatari
shareholders despite buying support from non-Qatari
shareholders.
 Qatari Investors Group and Medicare Group were the top losers,
falling 5.6% and 1.5% respectively. Among the top gainers, Dlala
Brok. & Inv. Holding Co. rose 4.8%, while Zad Holding Co.
gained 4.6%.
Overall Activity
Buy %*
Sell %*
Net (QR)
Qatari
67.89%
69.08%
(6,531,748.88)
Non-Qatari
32.11%
30.91%
6,531,748.88
Source: Qatar Exchange (* as a % of traded value)
 Volume of shares traded on Thursday declined by 37.9% to
18.4mn from 29.7mn on Wednesday. Further, as compared to
the 30-day moving average of 9.3mn, volume for the day was
99.1% higher. Mazaya Qatar Real Estate Dev. and Barwa Real
Estate Co. were the most active stocks, contributing 22.0% and
14.9% to the total volume respectively.
Global Economic Data
Global Economic Data
Date
Market
Source
Indicator
Period
Actual
Consensus
Previous
11/21
US
Department of Labor
Initial Jobless Claims
16-November
323K
335K
344K
11/21
US
Department of Labor
Continuing Claims
9-November
2876K
2870K
2810K
11/21
US
Bureau of Labor Stat.
PPI MoM
October
-0.20%
-0.20%
-0.10%
11/21
US
Bureau of Labor Stat.
PPI YoY
October
0.30%
0.30%
0.30%
11/21
US
Bloomberg Indices
Markit US PMI Preliminary
November
54.3
52.3
51.8
11/21
US
Bloomberg
Bloomberg Economic Expectations
November
-14
–
-31
11/21
US
Bloomberg
Bloomberg Consumer Comfort
17-November
-34.6
–
-33.9
11/22
US
Bureau of Labor Stat.
JOLTs Job Openings
September
3913
3850
3844
11/21
EU
Markit
PMI Manufacturing
November
51.5
51.5
51.3
11/21
EU
Markit
PMI Services
November
50.9
51.9
51.6
11/21
EU
Markit
PMI Composite
November
51.5
52.0
51.9
11/21
EU
European Commission
Consumer Confidence
November
-15.4
-14
-14.5
11/21
France
Markit
PMI Manufacturing
November
47.8
49.5
49.1
11/21
France
Markit
PMI Services
November
48.8
51.0
50.9
11/21
Germany
Markit
PMI Manufacturing
November
52.5
52.0
51.7
11/21
Germany
Markit
PMI Services
November
54.5
53.0
52.9
11/22
Germany
Destasis
GDP SA QoQ
3Q2013
0.30%
0.30%
0.70%
11/22
Germany
Destasis
GDP WDA YoY
3Q2013
0.60%
0.60%
0.50%
11/22
Germany
Destasis
GDP NSA YoY
3Q2013
1.10%
1.10%
0.90%
11/22
Germany
Destasis
Exports QoQ
3Q2013
0.10%
0.30%
2.40%
11/22
Germany
Destasis
Imports QoQ
3Q2013
0.80%
0.60%
1.90%
11/22
Germany
IFO
IFO Business Climate
November
109.3
107.7
107.4
11/22
Germany
IFO
IFO Current Assessment
November
112.2
111.5
111.3
11/22
Germany
IFO
IFO Expectations
November
106.3
104.0
103.7
11/21
UK
ONS
Public Finances (PSNCR)
October
-16.8B
–
-0.5B
11/21
UK
CBI
CBI Trends Total Orders
November
11
1
-4
11/21
UK
CBI
CBI Trends Selling Prices
November
5
-3
-2
11/22
Italy
ISTAT
Retail Sales MoM
September
-0.30%
0.10%
0.00%
11/22
Italy
ISTAT
Retail Sales YoY
September
-2.80%
–
0.20%
11/21
China
HSBC Bank
HSBC/Markit Flash Mfg PMI
November
50.4
50.8
50.9
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
 Real estate prices fall seen slowing – The fall in land prices in
Qatar since May this year is expected to slow down the rate of
increase in rents, a QNB Group analysis has said. According to
the QNB Group, the fundamental driver of real estate prices is
the cost of land. If land prices rise, the price of villas, apartments
and other property is also likely to go up. The QNB Group, while
analyzing the Real Estate Price Index of the Qatar Central Bank
(QCB), said that the rise in the land prices up to May 2013 was
mainly due to the acquisition of land for major projects that are
being implemented in Qatar, particularly land for the Doha
metro, large shopping malls and mixed use real estate
development, like Msheireb and Lusail. Since these projects
have reached the construction phase, much of the land is
Page 2 of 5

3. already secured. This could lead to an easing of real estate
prices. The Group has analyzed data on land transactions in
Qatar, based on weekly statistics published by the Ministry of
Justice, which indicates that the cost of land has fallen in the last
five months from May to September. This is likely to ease
upward pressures on rents, enhancing the competitiveness of
the Qatari economy and relieving concerns that the real estate
sector is again experiencing an asset-price bubble like the one
in 2007-08. (Peninsula Qatar)
Azevedo said WTO may agree on its first worldwide trade
reform package within the next few days. The deal would
streamline customs procedures worldwide, making bordercrossing processes more predictable and transparent. Azevedo
forced the marathon negotiations to try to get the deal before a
meeting of WTO ministers in Bali in the first week of December.
Meanwhile, studies by the World Bank and the OECD have
found this deal would add hundreds of billions of dollars to the
world economy. (Reuters)
 Qatar to export 23mn tons of petrochemicals per year by
2020 – Muntajat’s CEO Abdulrahman Ali Al-Abdulla said
planned investments in Qatar’s chemical and petrochemical
industry will enhance the country’s export portfolio to 23mn tons
per year by 2020 from 10mn tons in 2013. Al-Abdulla said the
Gulf petrochemicals industry continues to be the largest
producer and exporter in the world, accounting for 11% of the
$600bn global market. (Gulf-Times.com)
 ECB warns of deflationary pressures in Eurozone – The
European Central Bank's Chief Economist Peter Praet said the
Eurozone faces deflationary pressures, while the bank's
President Mario Draghi stressed that interest rates must remain
low because the economy remains weak. Peter Praet said the
financial crisis had saddled the Eurozone with an unprecedented
debt burden in Europe's post-war history, because it has created
a more deflationary environment. Meanwhile, with Eurozone
inflation running at 0.7%, which is well below its target of around
2% this week, a raft of ECB speakers said that fresh measures
may have to be taken to support the economy. (Reuters)
 Kahramaa: Power demand to rise 10% in 5 years – The
Qatar General Electricity & Water Corporation (Kahramaa) said
the electricity demand in Qatar is set to rise 10% YoY over the
next five years. The rising demand in Qatar has fuelled the
recent decision to pre-qualify bidders for the tender to build
Kahramaa’s next independent water & power project, which is
expected to deliver its first electricity output by 2016.
(GulfBase.com)
 Plans for new medical commission units, 836 more hospital
beds – According to sources, Qatari Supreme Council of Health
(SCH) and Hamad Medical Corporation (HMC) are
implementing plans that include the establishment of two new
units of the Medical Commission and addition of 836 beds to
hospitals by 2015, among other key projects. The key future
projects include the establishment of three hospitals attached to
SCH, six hospitals attached to HMC and 18 health centers
attached to the Primary Health Care Corporation. There will also
be expansion in other health services and facilities, including
pharmacies, ambulance, X-ray, laboratories and outpatient
clinics. (Gulf-Times.com)
 Qatar Steel’s sustainability report gets A rating from GRI –
Qatar Steel’s 2012 sustainability report has achieved an “A”
rating from Global Reporting Initiative (GRI) following an
external audit for assurance of the accuracy of its content.
(Peninsula Qatar)
 Indian Ambassador: Great potential for solar energy tie-ups
with Qatar – Indian Ambassador to Qatar Sanjiv Arora said
there is enormous potential for tie-ups in developing solar
energy among the two countries as both are looking forward to
more areas of efficient application of renewable energies in the
coming years. (Gulf-Times.com)
International
 Iran agrees to curb its nuclear program – Iran and world
powers struck an accord, setting limits on the Islamic Republic’s
nuclear program in exchange for limited relief from sanctions.
The accord was reached after foreign ministers from the US,
Europe, China and Russia made unscheduled trips to Geneva to
push the third round of talks to a conclusion. The accord is
intended to be a first step toward a comprehensive agreement,
and is reversible if reciprocal measures are not taken. Iran will
get about $7bn in relief from economic sanctions over six
months under the first-step agreement. In return for Iran limiting
its nuclear program, the first-step agreement will release $4.2bn
in frozen assets from Iran’s diminished oil revenue. (Bloomberg)
 WTO chief hopeful of global trade reform deal within days –
The World Trade Organization’s General Director Roberto
 EU trade Chief: China investment pact must address
opening markets – EU Trade Commissioner Karel De Gucht
said Europe has no interest in a bilateral investment pact with
China that omits measures to open up markets in the Asian
giant. These comments were made after a summit with Chinese
leaders announced plans for treaty talks. EU officials said talks
on the pact – a widely expected outcome of the summit – will be
a test of China's willingness to compromise and play by the
rules set by the World Trade Organization. De Gucht said he
expected talks would begin within weeks, but he would not
estimate how long a deal would take. (Reuters)
 OECD: Luxembourg, Cyprus, Switzerland fail tax
transparency test – According to the Global Forum on
Transparency & Exchange of Information for Tax Purposes (an
Organization for Economic Cooperation & Development (OECD)
forum), Luxembourg, Cyprus, the British Virgin Islands,
Switzerland and the Seychelles did not meet international
standards on tax transparency. The five countries either failed to
share taxpayer information with other countries or gather
information on beneficial ownership of corporate entities
registered on their territory, or both, which potentially puts
investments in the countries at risk. The OECD, which oversees
the forum, has been asked by the group of 20 leading
economies, to lead efforts on curbing international tax evasion
and avoidance. (Reuters)
Regional
 Oil market to remains well supplied – Saudi Arabia’s
Assistant Minister for Petroleum Affairs Abdulaziz bin Salman
bin Abdulaziz said that the oil market remains well supplied for
maintaining the balance in the global economy. Abdulaziz said
concerns over tight oil supply have now been replaced by
perceptions of abundant oil resources. (GulfBase.com)
 SDF signs deals with SAIB, Saudi Export Co – The Saudi
Development Fund (SDF) has signed a MoU worth SR145mn
with the Saudi Investment Bank (SAIB), under which SDF will
offer guarantees to exports of Saudi non-oil products.
Meanwhile, SDF has also entered into a SR11.25mn deal with
Saudi Export Company to finance the export of electrical
products and other Saudi commodities to Ghana through
Lumiere Energy Services Company. (GulfBase.com)
 SEC awards SR2.1bn turbine contracts – The Saudi
Electricity Company (SEC) has awarded contracts worth
SR2.1bn to supply gas and steam turbines for its two new power
Page 3 of 5

4. plants in Riyadh. Under these contracts, 12 gas units and 4
steam turbines will be built and tested within 40 months.
(GulfBase.com)
 Alstom SA secures €170mn generator contract from HHI for
Shuqaiq project – Alstom Saudi Arabia Transport & Power
Limited (Alstom SA) has secured a contract worth €170mn from
South Korea-based Hyundai Heavy Industries (HHI) to supply
four 720MW steam turbine generators for the Shuqaiq power
plant project. Under this contract, Alstom SA will provide
engineering, manufacturing, supply and field services for the
steam turbines and generators, which will also include all direct
control and auxiliary systems. The Shuqaiq plant is due to enter
into commercial operation in 2017. (GulfBase.com)
 FIPCO signs SR11.4mn loan deal with SIDF – Filling &
Packing Materials Manufacturing Company (FIPCO) has
entered into a long-term loan agreement worth SR11.4mn with
the Saudi Industrial Development Fund (SIDF) to finance its
project of form fill seal (FFS) bags. (Tadawul)
 DAAR closes second tranche of Sukuk program – The Dar
Al Arkan Real Estate Development Company (DAAR) has
successfully closed the second Sukuk tranche under its
International Islamic Sukuk Program by raising SR1.1bn. The
order book was oversubscribed by twice the amount and the
Sukuk was issued at a profit rate of 5.75% per annum, which
matures on November 25, 2016. DAAR appointed Bank Al
Khair, Goldman Sachs, Deutsche Bank, Emirates NBD, Bank of
America Merrill and Al Hilal bank to manage this second
tranche. (Tadawul)
 KEC’s unit begins delivery of villas to customers – The
Knowledge Economic City Company (KEC) announced that its
subsidiary, the Knowledge Real Estate Company Ltd has begun
the delivery of 206 villas in the Phase 1 of Dar Al Jiwar project to
residential customers. This is considered to be the first gated
community center in Al Madinah Al Munawwarah. The delivery
of these villas is expected to continue from 4Q2013 through the
next financial year ending December 31, 2014. (Tadawul)
 Alwaleed weighs options for Four Seasons, Fairmont Hotels
– Saudi billionaire Prince Alwaleed bin Talal is weighing stake
sale options including an IPO for his US-based hotels, Four
Seasons Holdings and Fairmont Hotels & Resorts. Alwaleed,
who took a 95% stake in the Four Seasons chain, said he is
considering strategic options for the two companies including an
IPO or a merger. (GulfBase.com)
 ADC signs deal with SFC for portfolio management – AlAhsa Development Company (ADC) has signed an agreement
with Saudi Fransi Capital (SFC) for discretionary portfolio
management and transfer of all its portfolios to the SFC for the
purpose of Saudi equities listed trading. The portfolio’s
conservative assessment stood at SR105mn on October 31,
2013, and then re-evaluated after conversion to the new
portfolio at SR110mn on November 10, 2013. (Tadawul)
 SCC delays re-operation of Kilns 4 & 5 in Hofuf factory –
The Saudi Cement Company (SCC) stated that the re-operation
of Kilns 4 & 5 in its Hofuf factory has been delayed due to
technical reasons, which is now expected to take place in
3Q2014. (Tadawul)
could not confirm projections on its financial performance.
Earlier, the Saudi CMA had given approval for selling 11mn
shares, which represents 40% of the company’s shares.
(GulfBase.com)
 EIB changes name to Emirates Islamic – The Emirates
Islamic Bank (EIB) has changed its name to “Emirates Islamic”
as a part of a comprehensive rebranding exercise undertaken by
the bank.
 Abu Dhabi scraps 5% cap on annual rent increase – The
Abu Dhabi Executive Council said the Emirate has decided to
scrap a 5% cap on annual rent increase. In January 2008, Abu
Dhabi had imposed this cap on annual rent hikes after surging
demand had boosted rents and inflation. (GulfBase.com)
 Emaar Chairman: Good time to weigh retail spinoff – Emaar
Properties said the current environment makes it good time to
for the company to consider spinning of its retail business into a
separate company to increase investor returns. (GulfTimes.com)
 ADCCI, Masdar sign MoU to promote Abu Dhabi and
Masdar City – The Abu Dhabi Chamber of Commerce &
Industry (ADCCI) has entered into a MoU with the Abu Dhabi
Future Energy Company (Masdar) to promote Abu Dhabi and
Masdar City as key investment destinations in the UAE. Under
this MoU, ADCCI and Masdar will showcase the Emirate's
unique commercial offerings and attract international investors.
(GulfBase.com)
 Mubadala Aerospace eyes US acquisitions to expand
manufacturing capabilities – Mubadala Aerospace’s Executive
Director Homaid Al Shemmari said that the company is targeting
acquisitions in the US to expand its manufacturing capabilities,
after securing billion dollar contracts at the Dubai Airshow. This
expansion will include acquisitions of companies in aero
structures, engineering, and research & development areas.
Shemmari also said that the company aims to become the
world’s top three manufacturers of composite and metal parts for
airplanes by 2020. (GulfBase.com)
 Kuwait Airways resumes flights to Iraq – Kuwait Airways has
resumed flights to Iraq and has planned to begin two weekly
flights to Najaf in Iraq. For the first time since the 1990 Iraqi
invasion, a Kuwait Airways flight landed in Iraq on Wednesday,
indicating improved ties between the neighbors. (GulfBase.com)
 Oman’s Advisory Committee proposes tax on remittances –
Oman’s Advisory Committee has proposed that the Sultanate
should tax the billions of dollars that foreign workers send back
to their home countries every year. According to Central Bank of
Oman’s data, outward worker remittances stood at OMR3.1bn in
2012, indicating an increase of 12.1%. (GulfBase.com)
 Takamul signs 25-year deal with SEZAD to provide
industrial utilities – The Takamul Investment Company,
through its newly incorporated Centralised Utilities Company
(CUC) has signed a 25-year agreement with the Special
Economic Zone Authority at Duqm (SEZAD) to provide industrial
utilities within the Duqm SEZ. This agreement provides CUC
exclusive rights to provide all utilities to the industrial zone within
the Duqm SEZ. (GulfBase.com)
 Saudi CMA approves SEC’s sukuk – The Saudi CMA’s board
has approved Saudi Electricity Company's (SEC) sukuk. The
total offering size will be determined at a later stage by the
Company. (Tadawul)
 AFCO cancels IPO plan – The Astra Food Company (AFCO)
has canceled its plan to go for an IPO of its shares, since it
Page 4 of 5

5. Daily Index Performance
1.0%
147.8
0.5%
132.3
118.9
0.7%
0.1%
0.0%
0.0%
(0.1%)
QE Index
S&P Pan Arab
Jul-13
S&P GCC
Source: Bloomberg
Asset/Currency Performance
Gold/Ounce
Silver/Ounce
Crude Oil (Brent)/Barrel (FM
Future)
Natural Gas (Henry
Hub)/MMBtu
North American Spot LPG
Propane Price
North American Spot LPG
Normal Butane Price
Euro
Oman
May-12 Dec-12
Bahrain
Oct-11
Qatar
(1.0%)
Jan-10 Aug-10 Mar-11
Saudi Arabia
(0.5%)
(0.2%)
(0.4%)
Kuwait
(0.5%)
Dubai
160.0
150.0
140.0
130.0
120.0
110.0
100.0
90.0
80.0
Abu Dhabi
Rebased Performance
Source: Bloomberg
Close ($)
1D%
WTD%
YTD%
Global Indices Performance
Close
1D%
WTD%
YTD%
1,243.83
0.1
(3.6)
(25.8)
DJ Industrial
16,064.80
0.3
0.6
22.6
19.87
(0.5)
(4.5)
(34.5)
S&P 500
1,807.65
0.4
0.5
26.7
111.05
0.0
2.4
(0.1)
NASDAQ 100
3,991.65
0.6
0.1
32.2
3.77
2.5
6.0
10.1
STOXX 600
322.77
0.1
(0.1)
15.4
119.75
(0.4)
0.9
33.8
DAX
9,219.04
0.2
0.5
21.1
143.00
(1.2)
(0.3)
(17.3)
FTSE 100
6,674.30
(0.1)
(0.3)
13.2
4,278.53
0.6
(0.3)
17.5
15,381.72
0.1
1.4
48.0
1.36
0.6
0.5
2.8
101.27
0.1
1.1
16.7
Nikkei
GBP
1.62
0.2
0.7
(0.2)
MSCI EM
1,009.17
0.5
0.4
(4.4)
CHF
1.10
0.7
0.9
1.0
SHANGHAI SE Composite
2,196.38
(0.4)
2.8
(3.2)
AUD
0.92
(0.4)
(1.8)
(11.5)
HANG SENG
23,696.30
0.5
2.9
4.6
USD Index
80.71
(0.5)
(0.2)
1.2
BSE SENSEX
20,217.40
(0.1)
(0.9)
4.1
RUB
32.77
(0.8)
0.6
7.4
Bovespa
52,800.70
0.2
(1.2)
(13.4)
BRL
0.44
1.1
1.7
(10.0)
1,444.91
1.3
0.0
(5.4)
Yen
Source: Bloomberg
CAC 40
RTS
Source: Bloomberg
Contacts
Saugata Sarkar
Ahmed M. Shehada
Keith Whitney
Sahbi Kasraoui
Head of Research
Head of Trading
Head of Sales
Manager - HNWI
Tel: (+974) 4476 6534
Tel: (+974) 4476 6535
Tel: (+974) 4476 6533
Tel: (+974) 4476 6544
saugata.sarkar@qnbfs.com.qa
ahmed.shehada@qnbfs.com.qa
keith.whitney@qnbfs.com.qa
sahbi.alkasraoui@qnbfs.com.qa
QNB Financial Services SPC
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
DISCLAIMER: This publication has been prepared by QNB Financial Services SPC (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (“QNB”). QNBFS is regulated by the Qatar
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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
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