1. Page 1 of 5
QE Intra-Day Movement
Qatar Commentary
The QE index rose 0.4% to close at 9,437.3. Gains were led by the Industrials
and Telecoms indices, gaining 0.9% each. Top gainers were Qatar Electricity &
Water Co. and Gulf International Services, rising 2.6% and 2.2% respectively.
Among the top losers, Islamic Holding Group fell 1.7%, while Ezdan Holding
Group declined 1.5%.
GCC Commentary
Saudi Arabia: The TASI index gained 0.1% to close at 7,703.3. Gains were
led by the Agriculture & Food Industries and Retail indices, rising 1.2% each.
Aldrees Petroleum & Transport Services Co. rose 5.4%, while Wataniya
Insurance Co. was up 3.6%.
Dubai: The DFM index fell 0.5% to close at 2,446.3. The Transportation index
declined 2.4%, while the Banking index was down 1.4%. Gulf General
Investment Co. fell 3.9%, while Aramex was down 3.4%.
Abu Dhabi: The ADX benchmark index gained 0.5% to close at 3,787.5. The
Banking and Telecommunication indices rose 0.9% each. United Arab Bank
surged 15%, while Abu Dhabi National Co. for B & M was up 8.2%.
Kuwait: The KSE index rose 0.8% to close at 7,879.8. Gains were led by the
Telecommunication and Technology indices, gaining 2.9% and 1.5%
respectively. Investors Holding Group Co. rose 8.5%, while Manazel Holding
was up 8.2%.
Oman: The MSM index gained 0.2% to close at 6,574.0. The Banking &
Investment index rose 0.3%, while the Industrial index was up 0.2%. Bank
Sohar gained 2.0%, while Al Hassan Engineering was up 1.9%.
Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD%
Qatar Electricity & Water Co. 162.70 2.6 21.9 22.9
Gulf International Services 44.40 2.2 437.0 48.0
Qatar & Oman Investment Co. 13.50 1.5 581.5 9.0
Qatar National Cement Co. 102.00 1.5 2.9 (4.7)
Qatar Navigation 72.90 1.3 37.8 15.5
Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD%
United Development Co. 22.70 (0.6) 1,414.4 27.5
Qatar Gas Transport Co. 18.10 (0.7) 835.7 18.6
Salam International Inv. Co. 12.73 (1.3) 610.0 0.6
Qatar & Oman Investment Co. 13.50 1.5 581.5 9.0
Gulf International Services 44.40 2.2 437.0 48.0
Market Indicators 16 July 13 15 July 13 %Chg.
Value Traded (QR mn) 196.1 141.8 38.3
Exch. Market Cap. (QR mn) 517,014.5 515,719.3 0.3
Volume (mn) 5.8 3.6 61.5
Number of Transactions 2,849 2,074 37.4
Companies Traded 37 37 0.0
Market Breadth 18:17 10:18 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 13,483.70 0.4 0.2 19.2 N/A
All Share Index 2,383.82 0.4 0.1 18.3 12.9
Banks 2,261.82 0.1 (0.6) 16.0 11.9
Industrials 3,166.39 0.9 1.1 20.5 11.8
Transportation 1,669.49 0.2 (0.4) 24.6 12.0
Real Estate 1,863.01 (0.4) 1.0 15.6 11.9
Insurance 2,234.86 (0.2) 0.4 13.8 15.6
Telecoms 1,324.72 0.9 (0.2) 24.4 15.1
Consumer 5,542.21 0.1 0.5 18.7 22.6
Al Rayan Islamic Index 2,818.05 (0.0) 0.0 13.3 14.0
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
United Arab Bank Abu Dhabi 5.06 15.0 6,970.7 64.3
Comm. Facilities Co. Kuwait 0.31 5.1 1.0 (10.1)
Emirates Int. Telecom. Dubai 6.79 4.5 6,839.6 94.6
Nat. Industries Group Kuwait 0.27 3.9 2,558.5 23.8
Nat. Mobile Tele. Co. Kuwait 2.16 3.8 1.6 (7.7)
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
Saudi Arabian Fertilizer Saudi Arabia 145.75 (4.6) 323.7 (4.3)
Aramex Dubai 2.60 (3.3) 1,084.2 30.0
Saudi Kayan Petro. Co. Saudi Arabia 11.30 (2.6) 8,844.1 (6.6)
Bahri Saudi Arabia 19.80 (2.5) 1,624.5 3.4
Saudi Prin. & Pack. Co. Saudi Arabia 27.00 (2.2) 1,869.1 (27.0)
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%
Islamic Holding Group 42.85 (1.7) 30.8 12.8
Ezdan Holding Group 16.80 (1.5) 8.8 (7.7)
Dlala Brokerage & Investment Co. 27.15 (1.5) 54.0 (12.6)
Salam International Inv. Co. 12.73 (1.3) 610.0 0.6
Al Khaleej Takaful Group 43.50 (1.1) 11.5 18.6
Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD%
United Development Co. 22.70 (0.6) 32,208.7 27.5
Industries Qatar 162.20 0.7 22,644.3 15.0
Gulf International Services 44.40 2.2 19,266.1 48.0
QNB Group 160.20 0.2 18,276.5 22.4
Qatar Insurance Co. 61.30 (0.2) 15,829.1 13.6
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* 9,437.27 0.4 0.2 1.7 12.9 53.85 141,920.5 11.9 1.7 4.9
Dubai 2,446.27 (0.5) 2.3 10.1 50.8 158.04 62,133.6 15.7 1.0 3.3
Abu Dhabi 3,787.51 0.5 2.2 6.7 44.0 77.32 109,199.0 11.4 1.4 4.6
Saudi Arabia 7,703.25 0.1 0.2 2.8 13.3 1,053.18 409,187.2 16.1 2.0 3.7
Kuwait 7,879.75 0.8 (0.0) 1.4 32.8 108.17 109,526.2 22.8 1.3 3.6
Oman 6,574.00 0.2 1.3 3.7 14.1 15.16 22,827.9 10.8 1.7 4.2
Bahrain 1,187.47 0.0 (0.2) (0.0) 11.4 0.67 21,215.3 8.6 0.8 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)
9,380
9,400
9,420
9,440
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 9,437.3. The Industrials and
Telecoms indices led the gains. The index rose on the back of
buying support from Qatari shareholders despite selling pressure
from non-Qatari shareholders.
 Qatar Electricity & Water Co. and Gulf International Services
were the top gainers, rising 2.6% and 2.2% respectively. Among
the top losers, Islamic Holding Group fell 1.7%, while Ezdan
Holding Group declined 1.5%.
 Volume of shares traded on Tuesday rose by 61.5% to 5.8mn
from 3.6mn on Monday. However, as compared to the 30-day
moving average of 8.8mn, volume for the day was 34.2% lower.
United Development Co. and Qatar Gas Transport Co. were the
most active stocks, contributing 24.4% and 14.4% 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
United Arab Bank
(UAB)
CI
Abu
Dhabi
FSR/ LT FCR/ ST FCR/
SR
BBB/BBB+/A2/
3
BBB/BBB+/A
2/3
–
Positive/
Stable
–
Source: News reports (* LT – Long Term, ST – Short Term, FSR- Financial Strength Rating, FCR – Foreign Credit Rating, LCR – Local Currency Rating, ICR – Issuer Credit Rating, SR – Support Rating)
(Positive outlook to FSR and Stable outlook to FCR)
Earnings Releases
Company Market Currency
Revenue
(mn) 2Q2013
% Change
YoY
Operating Profit
(mn) 2Q2013
% Change
YoY
Net Profit (mn)
2Q2013
% Change
YoY
Al Tayyar Travel Group Saudi Arabia SR – – 321.3 22.4% 301.8 23.7%
Hail Cement Co. Saudi Arabia SR – – 18.4 N/A 18.6 N/A
Saudi Electricity Co. Saudi Arabia SR – – 651.0 (48.3%) 1,502.0 10.4%
United Wire Factories Co. Saudi Arabia SR – – 33.3 11.0% 33.8 12.3%
Saudi Ceramic Co. Saudi Arabia SR – – 89.9 39.5% 82.2 29.6%
Najran Cement Co. Saudi Arabia SR – – 75.2 42.5% 63.7 139.5%
Tabuk Cement Co. Saudi Arabia SR – – 47.7 (16.2%) 50.9 (10.2%)
Saudi Orix Leasing Co.
(SOLC)
Saudi Arabia SR – – 41.0 19.5% 24.5 11.6%
Arabian Cement Co. Saudi Arabia SR – – 112.7 49.1% 124.7 73.4%
Mobile Telecommunications
Co. (Zain Saudi)
Saudi Arabia SR – – (206.0) 18.4% (370.0) (6.1%)
Alkhaleej Training &
Education Co.
Saudi Arabia SR – – 20.5 (5.9%) 18.3 0.5%
Etihad Etisalat Co. Saudi Arabia SR – – 1,652.0 12.5% 1,611.0 13.4%
National Co. for Glass
Industries (Zoujaj)
Saudi Arabia SR – – 8.3 (8.8%) 13.1 (17.6%)
Saudi Steel Pipe Co. (SSP) Saudi Arabia SR – – 26.3 105.5% 25.1 102.8%
Saudi Chemical Co. Saudi Arabia SR – – 87.8 (7.5%) 77.2 (11.0%)
Taiba Holding Co. (Taiba) Saudi Arabia SR – – 48.1 (15.0%) 63.6 44.5%
Financial Services Co.
(FSC)*
Oman OMR 0.5 100.1% – – 0.3 N/A
Source: Company data, Tadawul, MSM (*1H2013 Results)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
07/16 US Bureau of Labor Stat. CPI MoM June 0.50% 0.30% 0.10%
07/16 US Bureau of Labor Stat. CPI YoY June 1.80% 1.60% 1.40%
07/16 US Bureau of Labor Stat. CPI Core Index SA June 233.64 233.60 233.27
07/16 US Bureau of Labor Stat. Consumer Price Index NSA June 233.50 233.43 232.95
07/16 US Federal Reserve Industrial Production June 0.30% 0.30% 0.00%
07/16 US Federal Reserve Capacity Utilization June 77.80% 77.70% 77.70%
07/16 US Federal Reserve Manufacturing (SIC) Production June 0.30% 0.20% 0.20%
07/16 US NAHB NAHB Housing Market Index July 57 51 51
07/16 EU Eurostat CPI MoM June 0.10% 0.10% 0.10%
07/16 EU Eurostat CPI YoY June 1.60% 1.60% 1.40%
07/16 EU Eurostat Euro-Zone CPI - Core (YoY) June 1.20% 1.20% 1.20%
Overall Activity Buy %* Sell %* Net (QR)
Qatari 67.41% 67.28% 267,610.69
Non-Qatari 32.58% 32.72% (267,610.69)

3. Page 3 of 5
07/16 EU ZEW ZEW Survey (Econ. Sentiment) July 32.8 – 30.6
07/16 Germany ZEW Zew Survey (Current Situation) July 10.6 9.0 8.6
07/16 Germany ZEW ZEW Survey (Econ. Sentiment) July 36.3 40.0 38.5
07/16 UK ONS PPI Input NSA (MoM) June 0.20% -0.20% -0.60%
07/16 UK ONS PPI Input NSA (YoY) June 4.20% 4.20% 1.80%
07/16 UK ONS PPI Output n.s.a. (MoM) June 0.10% 0.00% 0.00%
07/16 UK ONS PPI Output n.s.a. (YoY) June 2.00% 1.90% 1.20%
07/16 UK ONS ONS House Price YoY May 2.90% 2.80% 2.60%
07/16 UK ONS CPI MoM June -0.20% -0.10% 0.20%
07/16 UK ONS CPI YoY June 2.90% 3.00% 2.70%
07/16 UK ONS Retail Price Index June 249.7 250.0 250.0
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
 Qatar becomes 2nd largest helium producer – Qatar’s
Minister of Energy & Industry Dr Mohammed bin Saleh Al Sada
said with the production launch at the new plant of RasGas
Company, the country has now become the world’s largest
exporter and second largest producer of liquid helium.
(Bloomberg)
 Health insurance scheme in Qatar starts operations today –
Qatar’s Supreme Council of Health (SCH) is all set to launch its
mandatory health insurance scheme from today. The scheme is
being implemented in five stages until 2015. In the first phase,
all Qatari women aged 12 and above will be covered by the
scheme. By 1Q2014, all Qatari nationals will be brought within
its ambit. The fourth stage will be implemented by 1Q2015,
covering skilled expatriate workers, including professionals. The
subsequent coverage will include visitors to the country, low-
income unskilled and semi-skilled foreign workers. (Gulf-
Times.com)
 ABQK to seek medium-term funding in 2014; to strengthen
retail business with Qatar focus – Al Ahli Bank’s (ABQK) CEO
Salah Murad said the bank is seeking medium-term funding in
2014 and may issue a bond or carry out syndication for this
funding. He said the bank seeks funding to meet its capital
requirements as per Basel III norms. Meanwhile, Salah Murad
said the bank seeks to grow in size and expand its nationwide
retail network as the lender currently focuses on the Qatar
market. The bank wants to increase its retail franchises from the
current 20% of its balance sheet to 30%. (Gulf-Times.com,
Bloomberg)
 MCGS sign agreement with NHIC – Medicare Group (MCGS) -
Al-Ahli Hospital - has signed the provider network agreement
with the National Health Insurance Company (NHIC). (QE)
 MBT: 19,767 tons of vegetables landed at Central Market in
June – According to a report released by the Ministry of
Business & Trade (MBT), around 19,767 tons of vegetables
entered the Central Market in Abu Hamour in June as compared
to an average of 15,824 tons during the previous months. The
report said India was the top supplier of vegetables to Doha in
June, followed by Jordan and Pakistan. (Gulf-Times.com)
 BRES to disclose its semi-annual results on July 31 – Barwa
Real Estate Company (BRES) will disclose its reviewed financial
results for the period ending June 30, 2013 on July 31, 2013.
(QE)
 QNCD to declare its 1H2013 financials on July 30 – Qatar
National Cement Company (QNCD) is set to declare its
reviewed financial results for the period ending June 30, 2013
on July 30. (QE)
 QMLS to disclose semi-annual results on July 30 – Widam
Food Company (QMLS) will disclose its reviewed financial
reports for the period ending June 30, 2013 on July 30. (QE)
 MRDS to publish 1H2013 results on July 31 – Mazaya Qatar
Real Estate Development Company (MRDS) will disclose the
reviewed financial reports for the period ending June 30, 2013
on July 31. (QE)
 AHCS to announce semi-annual financials on July 30 –
Aamal Company (AHCS) will disclose the reviewed financial
reports for the period ending June 30, 2013 on July 30. (QE)
 GISS to disclose 1H2013 financials on July 30 – The Gulf
International Services Company (GISS) will disclose the
reviewed financial reports for the period ending June 30, 2013
on July 30. (QE)
International
 BoE member: Forward guidance may smoothen stimulus
exit – The Bank of England's (BoE) Monetary Policy Committee
member Paul Fisher said that providing clearer guidance to
markets about when interest rates will rise may help the BoE to
steer a smoother exit from its exceptional stimulus measures.
However, Fisher said an exit may be several years away and
the current debate is only about whether to give more help to the
economy or not. Fisher acknowledged that selling back much of
the large volume of gilts it bought under its quantitative easing
program would be a challenge. (Reuters)
 China's Premier signals caution over policy easing –
Chinese Premier Li Keqiang said the government should not
rush to change its policy as long as economic growth stays
within the official comfort zone, although the government needs
to be vigilant about a sharper slowdown. Li said the government
has been able to achieve key economic tasks for this year. Li
also reiterated that the government would safeguard the lower
limits for economic growth and employment, while keeping a lid
on inflation. (Reuters)
Regional
 Saudi Arabia to import higher diesel volumes in August –
Saudi Arabia is set to import higher volumes of diesel for August
as soaring temperatures stoke demand for power generation
fuel. The Saudi Arabian Oil Company (Saudi Aramco) will import
about 6-7mn barrels of diesel in August, down from an
estimated 7-8mn barrels in July. (GulfBase.com)
 TADC’s BoD recommends capital increase through rights
issue – Tabuk Agriculture Development Company’s (TADC)
board of directors has recommended increasing the company’s
capital by offering a rights issue worth SR300mn to its
shareholders. This rights issue will be limited to the

4. Page 4 of 5
shareholders who are registered at the close of trading on the
EGM day. (Tadawul)
 Sipchem to distribute SR220mn dividend for 1H2013 – Saudi
International Petrochemical Company (Sipchem) has
announced the distribution of dividends worth SR220mn (SR0.6
per share), representing 6% of the face value, to its
shareholders for 1H2013. Shareholders who are registered with
the Securities Depository Center on July 22, 2013 are eligible for
this dividend. (Tadawul)
 Qassim Cement’s board recommends SR247.5mn dividend
for 1H2013 – Qassim Cement Company’s board has
recommended the distribution of dividends amounting to
SR247.5mn (SR2.75 per share), representing 27.5% of the face
value, to its shareholders for 1H2013. Shareholders who are
registered with the Securities Depository Center on July 25,
2013 are eligible for this dividend. (Tadawul)
 Jarir’s BoD recommends SR102mn dividend for 2Q2013 –
Jarir Marketing Company’s board of directors has recommended
the distribution of dividends of SR102mn (SR1.7 per share),
representing 17% of the face value, to its shareholders for
2Q2013. Shareholders who are registered in the registers of the
Securities Depository Center on July 21, 2013 are eligible to this
dividend. (Tadawul)
 Emirates NBD’s subsidiary sell 4.5% stake in Indian bank –
Emirates NBD’s subsidiary, Emirates Financial Services has
sold 4.5% stake held in India-based Federal Bank to a UAE-
based Indian businessman, M A Yousuf Ali. (Bloomberg)
 Etihad Rail signs MoU with DIC – Etihad Rail has signed a
MoU with the Dubai Industrial City (DIC) for the development of
a rail terminal in the city. This MoU specifies the logistics
pertaining to the location of the terminal, which will be an
important part of Stage Two of the UAE's national railway
network. (AME Info)
 Etihad Airways and Korean Air sign code-share deal, Jet
expects Etihad investment in few months – Etihad Airways
has signed a new code-share agreement with South Korea-
based Korean Air, which will be effective from July 22, 2013,
subject to regulatory approval. Meanwhile, India-based Jet
Airways expects Etihad’s investments in the airline to be
completed within the next few months. (AME Info) (Reuters)
 UAB reports net profit of AED260mn in 1H2013 – United
Arab Bank (UAB) has reported net profits of AED260mn in
1H2013. The bank achieved a net profit of AED139.8mn in
2Q2013, indicating an increase of 18.2%. Further, UAB’s loans
grew by 13.3% during the quarter to AED13.3bn. (Bloomberg)
 Gulf Capital provides $15mn debt financing for TurkNet –
Gulf Capital has successfully completed the $15mn loan
investment in Turkey-based Turknet Iletisim Hizmetleri (TurkNet)
through Gulf Credit Partners. This debt financing deal will
support TurkNet’s growth and expansion plans in the Turkish
telecommunications industry. (GulfBase.com)
 TDIC begins work on Cranleigh Abu Dhabi School on
Saadiyat Island – UAE-based Tourism Development &
Investment Company (TDIC) has announced the ground
breaking of Cranleigh Abu Dhabi School on Saadiyat Island,
which is expected to open in 2014. The school’s piling and early
construction works were awarded to Abu Dhabi-based NSCC
International Limited. (AME Info)
 Kuwait’s CMA not to delist Al Imtiaz – Kuwait’s Capital
Markets Authority (CMA) has confirmed that it will not delist the
shares of Al Imtiaz Investment Company from the exchange.
(Gulf-Times.com)
 Al-Riyada exits KD10mn investment from Divonne
restaurants – Al-Riyada Finance & Investment Company has
completed the sale transaction of a KD10mn investment in
Divonne restaurants project, located in the Abu-Al-Hasania area,
Kuwait. Al-Riyada said it realized 40% return from this
investment for the company and its clients, which will be
included in the FY2013 financial results. (AME Info)
 Bank Dhofar considers merger with Bank Sohar – Bank
Dhofar is exploring the possibility of combining with its smaller
competitor Bank Sohar as it seeks to create the second-largest
Omani lender with around $10bn in assets. At its recent
meeting, Bank Dhofar’s board has expressed its interest to
commence discussion with Bank Sohar for the merger possibility
between the two banks. The proposal is subject to reciprocal
interest shown by Bank Sohar, due diligence and regulatory
approvals. (MSM, Bloomberg)
 Oman Cables receives OMR27.4mn contract to supply
power cables – Oman Cables Industry has signed OMR27.4mn
contract with a customer in Saudi Arabia to supply power
cables. The customer will soon issue orders for the cables to be
delivered over a period of twelve months. (MSM)
 Al Salam Bank reports BHD3mn net profit in 2Q2013 –
Bahrain-based Al Salam Bank has reported a net profit of
BHD3mn in 2Q2013 as compared to a net loss of BHD2.6mn in
2Q2013. Further, the bank earned a net profit of BHD6.0mn in
1H2013 as compared to a net loss of BHD0.8mn in 1H2012.
Earnings per share stood at 4.0 fils in 1H2013 as compared to
loss per share of 0.6 fils in 1H2012. Total assets at the end of
June 2013 stood at BHD1bn, reflecting YTD increase of 8.5%.
Murabaha financing rose by 34.5% YTD to BHD171.5mn, while
customers’ current accounts were up by 0.1% YTD to
BHD84mn. (Bahrain Bourse)
 CBB’s monthly issue of Sukuk Al-Ijara oversubscribed by
271% – The Central Bank of Bahrain’s (CBB) monthly issue of
short-term Islamic leasing bonds, “Sukuk Al-Ijara” has been
subscribed by 271%. The issue carries a maturity of 182 days,
which matures on January 16, 2014. The expected return on the
issue is 0.85% as compared to 0.80% for the previous issue on
June 18, 2013. (AME Info)

5. Contacts
Ahmed M. Shehada Keith Whitney Saugata Sarkar Sahbi Kasraoui
Head of Trading Head of Sales Head of Research Manager - HNWI
Tel: (+974) 4476 6535 Tel: (+974) 4476 6533 Tel: (+974) 4476 6534 Tel: (+974) 4476 6544
ahmed.shehada@qnbfs.com.qa keith.whitney@qnbfs.com.qa saugata.sarkar@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
Jan-10 Aug-10 Mar-11 Oct-11 May-12 Dec-12 Jul-13
QE Index S&PPan Arab S&P GCC
0.1%
0.4%
0.8%
0.0%
0.2%
0.5%
(0.5%)
(1.0%)
(0.5%)
0.0%
0.5%
1.0%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD%
Gold/Ounce 1,292.22 0.6 0.5 (22.9) DJ Industrial 15,451.85 (0.2) (0.1) 17.9
Silver/Ounce 20.02 0.2 0.4 (34.0) S&P 500 1,676.26 (0.4) (0.2) 17.5
Crude Oil (Brent)/Barrel 109.27 (0.1) (0.2) (3.2) NASDAQ 100 3,598.50 (0.2) (0.0) 19.2
Natural Gas (Henry
Hub)/MMBtu
3.69 0.6 2.2 6.4 STOXX 600 295.31 (0.7) (0.3) 5.6
LPG Propane (Arab Gulf)/Ton 810.00 0.0 0.0 (16.4) DAX 8,201.05 (0.4) (0.1) 7.7
LPG Butane (Arab Gulf)/Ton 807.00 0.0 0.0 (16.7) FTSE 100 6,556.35 (0.5) 0.2 11.2
Euro 1.32 0.8 0.7 (0.2) CAC 40 3,851.03 (0.7) (0.1) 5.8
Yen 99.10 (0.8) (0.1) 14.2 Nikkei 14,599.12 0.6 0.6 40.4
GBP 1.52 0.4 0.4 (6.7) MSCI EM 953.02 0.1 0.8 (9.7)
CHF 1.06 1.0 0.8 (2.5) SHANGHAI SE Composite 2,065.72 0.3 1.3 (9.0)
AUD 0.93 1.7 2.3 (11.0) HANG SENG 21,312.38 0.0 0.2 (5.9)
USD Index 82.50 (0.7) (0.6) 3.4 BSE SENSEX 19,851.23 (0.9) (0.5) 2.2
RUB 32.43 (0.5) (0.6) 6.2 Bovespa 46,869.29 0.3 2.9 (23.1)
BRL 0.44 (1.5) 0.6 (9.0) RTS 1,368.83 1.1 1.5 (10.4)
135.6
121.5
110.5