1. Page 1 of 5
QE Intra-Day Movement
Qatar Commentary
The QE index rose 0.4% to close at 9,808.5. Gains were led by the Consumer
Goods & Services and Telecoms indices, gaining 1.0% and 0.9% respectively.
Top gainers were Qatar General Ins. & Rein. Co. and Qatar Fuel Co., rising
4.6% and 1.4% respectively. Among the top losers, Al Khaleej Takaful Group
fell 2.5%, while Gulf Warehousing Co. declined 1.7%.
GCC Commentary
Saudi Arabia: The TASI index rose 1.3% to close at 8,072.3. Gains were led
by the Telecom. & Info. Tech. and Bank. & Fin. Ser. indices, rising 2.5% and
1.8% respectively. Jazira Takaful rose 9.9%, while Alujain Corp. was up 5.5%.
Dubai: The DFM index gained 1.2% to close at 2,654.5. The Inv. & Fin. Ser.
index rose 2.2%, while the Real Estate & Construction index was up 1.9%.
Takaful House gained 8.7%, while Deyaar Development was up 3.6%.
Abu Dhabi: The ADX benchmark index declined marginally to close at
3,929.4. The Real Estate index fell 2.7%, while the Telecom. index was down
0.8%. Nat. Marine Dredging declined 9.8%, while Insurance House fell 9.2%.
Kuwait: The KSE index fell 0.2% to close at 8,017.5. The Industrial index
declined 0.7%, while the Financial Services was down 0.3%. Gulf Franchising
Holding Co. fell 8.5%, while IFA Hotels & Resorts Co. was down 7.0%.
Oman: The MSM index rose 0.5% to close at 6,710.8. Gains were led by the
Bank. & Inv. and Services & Insurance indices, gaining 0.6% each. Sharqiyah
Desalination rose 5.6%, while Ahli Bank was up 2.4%.
Bahrain: The BHB index gained 0.6% to close at 1,199.4. The Industrial index
rose 2.7%, while the Commercial Banking index was up 0.6%. Esterad
Investment Co. gained 6.2%, while Aluminum Bahrain was up 2.7%.
Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD%
Qatar General Ins. & Rein. Co. 54.50 4.6 6.1 18.5
Qatar Fuel Co. 268.90 1.4 22.7 22.2
Mannai Corp 85.00 1.2 1.1 4.9
Qatar Islamic Bank 69.90 1.0 53.1 (6.8)
Gulf International Services 50.50 1.0 188.4 68.3
Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD%
United Development Co. 23.08 0.8 630.0 29.7
Masraf Al Rayan 28.90 0.3 541.5 16.6
Mazaya Qatar Real Estate Dev. 11.50 0.1 460.2 4.5
Barwa Real Estate Co. 25.00 0.4 363.7 (8.9)
Industries Qatar 159.90 0.3 298.9 13.4
Market Indicators 05 Aug 13 04 Aug 13 %Chg.
Value Traded (QR mn) 244.3 270.8 (9.8)
Exch. Market Cap. (QR mn) 537,183.3 534,821.4 0.4
Volume (mn) 5.0 5.6 (11.2)
Number of Transactions 3,251 3,105 4.7
Companies Traded 41 38 7.9
Market Breadth 27:12 24:10 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 14,014.03 0.4 1.0 23.9 N/A
All Share Index 2,467.36 0.5 1.0 22.5 13.0
Banks 2,386.27 0.4 1.1 22.4 12.6
Industrials 3,183.58 0.4 1.3 21.2 11.7
Transportation 1,747.71 0.0 0.9 30.4 12.0
Real Estate 1,791.83 0.5 (0.6) 11.2 13.9
Insurance 2,284.19 0.7 0.7 16.3 9.5
Telecoms 1,458.94 0.9 0.7 37.0 15.4
Consumer 5,692.39 1.0 0.6 21.9 23.5
Al Rayan Islamic Index 2,814.59 0.2 0.4 13.1 14.5
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
Taiba Holding Co. Saudi Arabia 40.20 5.0 1,744.1 61.8
Fawaz Alhokair & Co. Saudi Arabia 140.50 4.9 309.0 102.7
Qatar Gen. Ins. & Rein. Qatar 54.50 4.6 6.1 18.5
Tabuk Cement Saudi Arabia 31.40 4.3 756.9 29.5
Saudi Kayan Petroche. Saudi Arabia 11.70 4.0 21,045.3 (3.3)
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
Nat. Marine Dredging Abu Dhabi 8.75 (9.8) 0.7 (12.5)
IFA Hotels & Resorts Kuwait 0.66 (7.0) 2.0 50.0
Saudi Enaya Coop. Ins. Saudi Arabia 39.20 (3.0) 1,962.7 (17.6)
Aldar Properties Abu Dhabi 2.87 (2.7) 99,967.3 126.0
Bank of Sharjah Abu Dhabi 1.70 (2.3) 423.5 32.8
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%
Al Khaleej Takaful Group 39.50 (2.5) 52.2 7.7
Gulf Warehousing Co. 41.15 (1.7) 0.4 22.8
Qatar Islamic Insurance 59.30 (1.2) 7.0 (4.4)
Qatar Industrial Manufacturing Co. 50.60 (0.8) 11.8 (4.7)
National Leasing 34.80 (0.6) 277.8 (23.0)
Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD%
Industries Qatar 159.90 0.3 47,749.1 13.4
Masraf Al Rayan 28.90 0.3 15,536.3 16.6
Qatar National Bank SAQ 174.80 0.2 14,688.1 33.5
Commercial Bank of Qatar 69.80 0.6 14,554.4 (1.6)
United Development Co. 23.08 0.8 14,474.8 29.7
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* 9,808.46 0.4 1.0 1.1 17.3 67.08 147,510.5 12.4 1.7 4.7
Dubai 2,654.54 1.2 2.3 2.6 63.6 309.85 65,711.2 15.9 1.1 3.0
Abu Dhabi 3,929.42 (0.0) 0.2 2.1 49.4 124.83 112,541.3 11.7 1.4 4.6
Saudi Arabia 8,072.30 1.3 2.0 2.0 18.7 1,700.69 425,099.1 16.9 2.1 3.6
Kuwait 8,017.48 (0.2) (0.9) (0.7) 35.1 62.55 110,748.5 20.4 1.3 3.5
Oman 6,710.75 0.5 0.8 1.0 16.5 30.18 23,234.1 11.1 1.7 4.1
Bahrain 1,199.38 0.6 0.1 0.4 12.6 1.07 21,429.3 8.5 0.9 4.1
Source: Bloomberg, Qatar Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
9,740
9,760
9,780
9,800
9,820
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 9,808.5. The Consumer
Goods & Services and Telecoms indices led the gains. The index
rose on the back of buying support from non-Qatari shareholders
despite selling pressure from Qatari shareholders.
 Qatar General Ins. & Rein. Co. and Qatar Fuel Co. were the top
gainers, rising 4.6% and 1.4% respectively. Among the top
losers, Al Khaleej Takaful Group fell 2.5%, while Gulf
Warehousing Co. declined 1.7%.
 Volume of shares traded on Monday declined by 11.2% to 5.0mn
from 5.6mn on Sunday. Further, as compared to the 30-day
moving average of 5.7mn, volume for the day was 12.3% lower.
United Development Co. and Masraf Al Rayan were the most
active stocks, contributing 12.7% and 10.9% to the total volume
respectively.
Source: Qatar Exchange (* as a % of traded value)
Ratings, Earnings and Global Economic Data
Ratings Updates
Company Agency Market Type* Old Rating New Rating Rating Change Outlook Outlook Change
Bank of Sharjah CI
Abu
Dhabi
LT FCR/ ST FCR/ SR/
FSR
A-/A2/2/BBB+ A-/A2/2/BBB+ – Stable –
Source: News reports (* LT – Long Term, ST – Short Term, FSR- Financial Strength Rating, FCR – Foreign Credit Rating, LCR – Local Currency Rating, IDR – Issuer Default Rating, SR – Support Rating, LC –
Local Currency)
Earnings Releases
Company Market Currency
Revenue
(mn) 2Q2013
% Change
YoY
Operating Profit
(mn) 2Q2013
% Change
YoY
Net Profit (mn)
2Q2013
% Change
YoY
Drake and Scull
International (DSI)
Dubai AED 1,340.0 86.8% – – 52.2 63.1%
Abu Dhabi National Takaful
Co. (ADNTC)
Abu Dhabi AED 16.4 40.5% 16.0 26.1% 10.0 62.2%
Emirates Driving Co. (EDC) Abu Dhabi AED 39.4 21.0% – – 9.8 43.8%
Warba Insurance Co. (WIC)* Kuwait KD – – – – 1.2 N/A
Oman & Emirates
Investment Holding Co.
(OEIHC)*
Oman OMR 2.1 -54.9% – – 1.0 -71.5%
Computer Stationery
Industry (CSI)*
Oman OMR 1.7 -6.4% – – 0.1 346.6%
Oman National Investment
Corporation Holding (ONIC)*
Oman OMR – – – – 5.4 148.2%
Al Hassan Engineering Co.
(AHEC)
Oman OMR 31.0 N/A – – 0.4 N/A
Oman Telecommunications
Co.
Oman OMR 125.3 1.5% – – 31.4 -2.2%
Delmon Poultry Co.
(DEPCO)
Bahrain BHD 3.7 8.9% – – 0.1 -6.6%
Nass Corporation Bahrain BHD 19.4 -38.8% – – 0.4 200.0%
Source: Company data, DFM, ADX, MSM (*1H2013 Result)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
08/05 US ISM ISM Non-Manf. Composite July 56.0 53.1 52.2
08/05 EU Markit PMI Services July 49.8 49.6 48.3
08/05 EU Markit PMI Composite July 50.5 50.4 48.7
08/05 EU Sentix Sentix Investor Confidence August -4.9 -10.0 -12.6
08/05 EU Eurostat Retail Sales MoM June -0.50% -0.70% 1.10%
08/05 EU Eurostat Retail Sales YoY June -0.90% -1.30% 0.30%
08/05 France Markit PMI Services July 48.6 48.3 47.2
08/05 Germany Markit PMI Services July 51.3 52.5 50.4
08/05 UK Markit PMI Services July 60.2 57.4 56.9
08/05 Italy Markit PMI Services July 48.7 46.5 45.8
08/05 China HSBC HSBC/Markit Services PMI July 51.3 – 51.3
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
Overall Activity Buy %* Sell %* Net (QR)
Qatari 57.59% 66.76% (22,403,500.22)
Non-Qatari 42.42% 33.25% 22,403,500.22

3. Page 3 of 5
News
Qatar
 Alijarah reports QR30.4mn net profit for 2Q2013 – Alijarah
Holding Company (NLCS) reported a net profit of QR30.4mn in
2Q2013, indicating a QoQ decline of 33.8% (-45.0% YoY). In
1H2013, net profit fell by 28.4% YoY to QR76.4mn. EPS stood
at QR1.54 in 1H2013 as compared to QR2.61 in 1H2012. The
company’s total income declined by 75.7% QoQ (-80.6% YoY)
to QR36.2mn in 2Q2013, while it was down by 47.3% YoY to
QR185.5mn in 1H2013. (QE)
 MCCS’ net profit up 15% in 1H2013 – Mannai Corporation
(MCCS) has reported a 15% rise in its net profit to QR193.9mn
in 1H2013. Revenues rose 45% YoY to QR2.94bn. MCCS’
share of profit from its associates and JVs more than doubled to
QR59.14mn, while other income fell 60% YoY to QR86.31mn.
EPS declined to QR4.25 from QR4.93 in the year-ago period
due to the rights issue in November 2012 for funding
acquisitions. (Gulf-Times.com)
 KHCD reports QR111.3mn net profit in 1H2013 – Qatari
Investors Group (KHCD) has reported a net profit of QR111.3mn
in 1H2013 as compared to QR64.2mn in 1H2012. EPS for
1H2013 stood at QR0.90 as compared to QR0.52 in 1H2012.
(QE)
 Qatar Solar to invest €35mn in SolarWorld – German solar
panel manufacturer SolarWorld said that Qatar Solar, owned by
the Qatar Foundation, will invest €35mn in return for a 29%
stake in the troubled company. Qatar Solar’s move will save
SolarWorld from bankruptcy as the German company struggles
against Asian competition. (Reuters)
 Belaruskali to sell potash fertilizers through Muntajat –
Belarus-based Belaruskali said it plans to sell its fertilizers
through Qatar’s state-owned chemicals distributor, Qatar
Chemical & Petrochemical Marketing & Distribution Company
(Muntajat). This deal comes after Belaruskali’s Russian partner
Uralkali withdrew from their joint venture for selling fertilizers in
foreign markets. The company has completed a framework
agreement with Muntajat on cooperation in fertilizer sales. Qatar
has assured that Muntajat is ready to sell up to 3mn tons of
fertilizers produced by Belaruskali. (Bloomberg)
 CBQ appoints Abdulla Saleh al-Raisi as its new CEO – The
Commercial Bank of Qatar (CBQ) has appointed Abdulla Saleh
al-Raisi as its new CEO. Al-Raisi joined the bank in 1998 and
worked both in its retail and corporate banking divisions before
being appointed as deputy chief executive in March 2007.
Andrew Stevens will continue to remain the group chief
executive officer and focus on the bank's international strategy
as well as the management of the investments in National Bank
of Oman, United Arab Bank and Alternatifbank in Turkey, the
bank said in a statement. (Reuters)
 QA to begin flights to Chengdu – Qatar Airways (QA) is set to
begin three flights a week to Chengdu Shuangliu International
Airport in China from September 3, 2013. QA is planning to use
an Airbus A330 on this route. (GulfBase.com)
International
 Obama to back mortgage finance reform for speeding up
housing recovery – The US President Barack Obama will
propose overhauling the US mortgage finance system in a
speech on Tuesday, in order to solve a polarizing problem that
was central to the devastating financial crisis in 2007-2009. The
country’s mortgage finance system continues to slow down the
economic recovery. Obama is expected to propose eliminating
mortgage finance entities Fannie Mae and Freddie Mac over
time, and replacing them with a system where the private market
buys home loans from lenders and repackages them as
securities for investors. The government's role would be
relegated to providing some form of guarantee and oversight.
(Reuters)
 IMF urges France to ease budget adjustment to support
growth – The IMF said France should slow the pace of its
budgetary adjustment next year to protect a tentative return to
growth, while warning that unemployment would continue to rise
in the euro zone's second-biggest economy. The fund has
maintained its forecast for a 0.2% contraction in output this year
despite signs of France gradually returning to growth in the
second half. The IMF also said unemployment would peak at
11.6% in 2014 before slightly declining to 11.4% in 2015.
(Reuters)
 IMF urges Japan to stick to two-stage sales tax hike – The
IMF said it is essential that Japan goes ahead with a scheduled
two-stage doubling of its sales tax from next year amid signs
that the government is reconsidering the plan due to concerns
about derailing a nascent economic recovery. The IMF also
called for the Bank of Japan to be prepared for an expansion in
its asset-buying scheme or shift the mix of assets being
purchased, if inflation does not pick up as envisaged, or if
government bond markets became volatile again. (Reuters)
Regional
 MENA region to spend $145bn for power generation in 5
years – The International Renewable Energy Agency (IRENA)
has estimated that $145bn will be invested in power generation
over the next five years in the MENA region. IRENA said strong
economic and population growth associated with rapid
urbanization has led to an increased energy demand to meet the
rising electricity and desalinated water needs in the MENA
region. The agency said out of the $145bn investments during
2013-17, $63.1bn will be spent in the GCC region, $21.4bn in
Iran and about $53bn will be spent in other countries of the
region. (Gulf-Times.com)
 Saudi PMI indicates slower activity growth in July – The
headline SABB/HSBC Saudi Arabia Purchasing Managers'
Index (PMI) for July 2013 stood at 56.6, unchanged from June.
This figure signaled a further improvement in the overall
operating conditions in Saudi Arabia's non-oil private sector
economy. However, the rate of improvement was low
considering the historical data. Output increased further in July,
but the rate of expansion decelerated for the third month
running. Nevertheless, the overall expansion remained sharp,
with 24% of the Saudi companies reporting activity growth.
(AME Info)
 Saudi Aramco increases prices for Asian customers – The
Saudi Arabian Oil Company (Saudi Aramco) has raised the
premiums used in determining its official selling prices in
September for all light and medium grades to customers in Asia.
Saudi Aramco has increased the monthly premium for Arab
Light by $1 to $2.9 more than the average of Oman and Dubai
grades. (Bloomberg)
 KAEC signs SR66mn earthwork contract with SSH – King
Abdullah Economic City (KAEC) has signed a contract worth
SR66mn with Salem Saleh Al-Hareth Est. (SSH) to perform
grading and earthwork for the second phase of the Industrial
Valley IV II. This contract is scheduled for completion by
February 2014. (GulfBase.com)
 Maaden, Mosaic, SABIC to develop phosphate production
facility – The Saudi Arabian Mining Company (Maaden) has

4. Page 4 of 5
entered into a shareholders’ agreement with Mosaic and Saudi
Basic Industries Corporation (SABIC) to jointly develop a
phosphate production facility in Saudi Arabia. Maaden, Mosaic
and SABIC will own 60%, 25% and 15% stakes respectively in
the joint venture. The JV plans to award engineering,
procurement and construction contracts by end of 2013.
Maaden will receive SR1.44bn in contractual dues from its
partners in two equal installments. The facility is expected to
commence production by late 2016 with the total output capacity
of 16 metric tons per year. HSBC is the financial adviser for this
project. (Bloomberg)
 Saudi Geant increases its stake in Azizia Panda – The
Savola Group announced that Saudi Geant Company has
exercised its right of first tranche of the call option for acquiring
1% ownership interest in its Azizia Panda United Company for
SR40mn. Due to this transaction, the ownership of Saudi Geant
(subsidiary of Fawaz Al-Hokair Group) in Azizia Panda has
increased from 7% to 8%, while the direct & indirect ownership
of Savola Group has reduced from 74.4% to 73.4%. Al-Hokair
holds two other tranches of call options for acquiring an
additional 2% ownership stake in Azizia Panda, which will be
exercised in 2014 and 2015. (Tadawul)
 Dallah Healthcare announces use of IPO proceeds – Dallah
Healthcare Holding has announced the use of its IPO proceeds
issued in 2012. Net IPO proceeds amounted to SR513.1mn
after deducting the IPO costs of SR26.5mn. The total proceeds
used as of June 30 included payment of SR36mn for acquiring
a pharmaceuticals, herbal and cosmetics factory, whose total
acquisition value represented 7.4% of the net IPO proceeds.
Investments in healthcare projects and companies represent
29.9% of the net IPO proceeds. Further, Dallah Healthcare has
spent SR59.9mn to buy land in western Riyadh area. The total
cost of the hospital represents 70.1% of the net IPO proceeds,
while the actual payment on this project represents 11.9% of the
net IPO proceeds. (GulfBase.com)
 Latham & Watkins advices GCC banks on Zain KSA’s
$2.3bn Murabaha facility – Latham & Watkins has advised a
number of GCC region banks, who are involved in the $2.3bn
senior Murabaha facility financing for Al-Etisalat Al-Mutanakilah
Al-Saudia Company (Zain KSA). These banks include Al Rajhi
Banking & Investment Corporation, Arab National Bank,
Boubyan Bank, Banque Saudi Fransi, Crédit Agricole Corporate
& Investment Bank, Gulf Bank, the National Bank of Kuwait and
Saudi British Bank. (GulfBase.com)
 HSBC UAE PMI signals further improvement in operating
conditions – The headline HSBC UAE PMI has been registered
at 54.5 in July 2013, slightly up from June’s 54.1, which extends
the current trend of improving operating conditions to 47
months. The seasonally adjusted July data signaled further
increase in output levels and new order intakes among non-oil
private sector companies in the UAE. Meanwhile, new business
from abroad rose at the sharpest rate since January and
employment levels increased further, albeit at the slowest pace
in eight months. Non-oil private sector companies in the UAE
recorded higher output levels in July, with 16% of survey
respondents reporting increased activity. The rate of expansion
remained broadly unchanged over June. (Bloomberg)
 Dubai’s business confidence surges in 2Q2013 – According
to a survey conducted by the Dubai Department of Economic
Development (DED), a stable business outlook and an
improvement in the business environment have pushed the
Emirate’s composite business confidence index (BCI) for
2Q2013. Dubai’s BCI stood at 120.7 points, reflecting an
increase of 14.6% YoY. As per the survey, over 83% businesses
in Dubai expect an increase or no change in their sales volumes
during 3Q2013, while many of them plan to invest in hiring
people or upgrading technology. The profitability expectations
are in line with the overall sales expectations, with 43%
businesses expecting an increase based on their expectation of
winning new contracts with better profit margins. (AME Info)
 Tasneef, Dubai Drydocks sign a partnership deal – Emirates
Classification (Tasneef) and Dubai Drydocks have entered into a
partnership agreement to provide classification services to
merchant vessels. The new service will allow ship owners to
obtain national classification, which will enable them to fly the
UAE flag and increase their authorized freight. (AME Info)
 Air Arabia reports AED76mn net profit in 2Q2013 – Air
Arabia has reported a net profit of AED76mn in 2Q2013,
indicating a YoY increase of 15%. Revenues rose by 17% to
AED797mn for 2Q2013. The airline served over 3mn
passengers during 1H2013, reflecting a 16% increase as
compared to 2.6mn passengers in 1H2012. Meanwhile, two
analysts polled by Reuters, had forecasted a quarterly profit of
AED82mn and AED67.2mn for 2Q2013. (Reuters)
 Ajman Bank reports AED13.3mn net profit in 1H2013 –
Ajman Bank has reported a net profit of AED13.3mn for 1H2013,
indicating a YoY increase of 13%. The bank’s assets were up
12% YTD at the end of June 2013. Islamic financing &
investments grew by 2% YTD, while customer deposits were up
by 4% YTD at AED4.49bn. (AME Info)
 Nakheel awards 5 contracts worth AED465mn – Dubai-based
developer Nakheel has awarded five construction contracts
worth AED465mn to various contractors. The contract for villas
in Jumeirah Park worth AED300mn was awarded to ACTCO
General Contracting Company. Another contract valued at
AED51mn was awarded to Al Marwan General Contracting for
enhancement of the infrastructure works of Jumeirah Park and
Al Furjan master communities. Nakheel also awarded the
contract for the expansion of Ibn Battuta Mall worth AED92mn to
Parkway International Contracting. A new recreational facility is
being added to the Jebel Ali Recreation Club for catering to the
communities within the vicinity. The new facility is to be built at a
cost of AED20mn and the contract was awarded to New Valley
Building Contracting. (Bloomberg)
 Topaz obtains $20mn multi-year charters – Topaz Energy &
Marine has secured new multi-year charters in the Russian
Filanovsky project for its offshore support vessels valued at
around $20mn. Nine of Topaz’s vessels have been deployed for
the offshore contractor Saipem to support the development of
the Filanovsky oil & gas field in the Northern Caspian Sea.
These vessels will provide anchor-handling & tug services as
well as transport of supplies and personnel. (AME Info)
 ADNOC raises official selling price for lower zakum – Abu
Dhabi National Oil Company (ADNOC) has raised its retroactive
official selling price for lower zakum at $106.60 per barrel.
ADNOC has set its July prices for Umm Shaif grade at $106.15
per barrel and upper zakum grade at $104.40 per barrel.
(Bloomberg)
 CBB’s weekly T-bills oversubscribed by 317% – The Central
Bank of Bahrain’s (CBB) this week’s issue of BHD35mn
government treasury bills has been oversubscribed by 317%.
These bills carry a maturity of 91 days, which will mature on
November 6, 2013. The weighted average rate of interest is
0.71% as compared to 0.74% for the previous issue. (AME Info)

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
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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
1.3%
0.4%
(0.2%)
0.6%
0.5%
(0.0%)
1.2%
(0.5%)
0.0%
0.5%
1.0%
1.5%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD%
Gold/Ounce 1,303.07 (0.7) (0.7) (22.2) DJ Industrial 15,612.13 (0.3) (0.3) 19.1
Silver/Ounce 19.72 (1.0) (1.0) (35.0) S&P 500 1,707.14 (0.1) (0.1) 19.7
Crude Oil (Brent)/Barrel 109.36 0.0 0.0 (3.1) NASDAQ 100 3,692.95 0.1 0.1 22.3
Natural Gas (Henry
Hub)/MMBtu
3.33 (0.0) (0.0) (0.3) STOXX 600 304.74 0.2 0.2 9.0
LPG Propane (Arab Gulf)/Ton 810.00 0.0 0.0 (16.4) DAX 8,398.38 (0.1) (0.1) 10.3
LPG Butane (Arab Gulf)/Ton 807.00 0.0 0.0 (16.7) FTSE 100 6,619.58 (0.4) (0.4) 12.2
Euro 1.33 (0.1) (0.1) 0.5 CAC 40 4,049.97 0.1 0.1 11.2
Yen 98.30 (0.6) (0.6) 13.3 Nikkei 14,258.04 (1.4) (1.4) 37.2
GBP 1.54 0.4 0.4 (5.5) MSCI EM 956.40 0.1 0.1 (9.4)
CHF 1.08 0.2 0.2 (1.3) SHANGHAI SE Composite 2,050.48 1.0 1.0 (9.6)
AUD 0.89 0.3 0.3 (14.1) HANG SENG 22,222.01 0.1 0.1 (1.9)
USD Index 81.88 (0.0) (0.0) 2.6 BSE SENSEX 19,182.26 0.1 0.1 (1.3)
RUB 32.92 0.3 0.3 7.9 Bovespa 48,436.44 (0.1) (0.1) (20.5)
BRL 0.43 (0.9) (0.9) (10.9) RTS 1,333.42 (0.2) (0.2) (12.7)
140.9
126.5
114.6