1. Page 1 of 5
QE Intra-Day Movement
Qatar Commentary
The QE index declined 0.5% to close at 9,618.3. Losses were led by the
Insurance and Transportation indices, declining 1.9% and 0.8% respectively.
Top losers were Qatar General Ins. & Rein. Co. and Qatar Navigation, falling
9.5% and 1.8% respectively. Among the top gainers, Dlala Brok. & Inv. Holding
Co. rose 10.0%, while Islamic Holding Group gained 5.0%.
GCC Commentary
Saudi Arabia: The TASI index gained 0.7% to close at 7,934.0. Gains were
led by the Transport and Insurance indices, rising 2.8% and 1.7% respectively.
Al-Ahlia Insurance Co. and Aljazira Takaful Taawuni Co. gained 10.0% each.
Dubai: The DFM index fell 0.5% to close at 2,585.7. The Insurance index
declined 2.3%, while the Banking index was down 2.0%. Oman Insurance Co.
fell 10.0%, while Emirates NBD was down 3.6%.
Abu Dhabi: The ADX benchmark index gained marginally to close at 3,803.6.
The Consumer index rose 3.1%, while the Telecommunication index was up
0.9%. Agthia Group gained 4.8%, while RAKBANK was up 4.2%.
Kuwait: The KSE index fell 0.4% to close at 7,595.8. The Oil & Gas index
declined 1.2%, while the Consumer Goods index was down 0.9%. IFA Hotels
& Resorts Co. fell 7.1%, while Gulf Franchising Holding Co. was down 5.0%.
Oman: The MSM index fell 0.1% to close at 6,730.8. The Services &
Insurance index declined marginally while all other sub-indices ended in green.
Dhofar Insurance Co. fell 2.0%, while Majan Glass Co. was down 1.2%.
Bahrain: The BHB index gained 0.1% to close at 1,188.7. The Commercial
Banking index rose 0.2%, while the Investment index was up 0.1%. Bahrain
Commercial Facilities Co. gained 0.9%, while Ahli United Bank was up 0.7%.
Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD%
Dlala Brok. & Inv. Holding Co. 21.45 10.0 321.6 (31.0)
Islamic Holding Group 40.75 5.0 14.5 7.2
Doha Insurance Co. 27.00 3.8 0.3 10.0
Qatar & Oman Investment Co. 12.90 3.2 140.0 4.1
Qatar German Co. for Med. Dev. 15.00 2.0 18.8 1.5
Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD%
Al Khaliji Commercial Bank 18.80 1.3 1,049.4 10.7
Qatar Gas Transport Co. 19.25 (0.3) 787.7 26.1
Salam International Investment Co. 12.49 0.9 719.1 (1.3)
Vodafone Qatar 9.09 1.0 619.4 8.9
Mazaya Qatar Real Estate Dev. 11.55 0.3 475.8 5.0
Market Indicators 02 Sep 13 01 Sep 13 %Chg.
Value Traded (QR mn) 184.7 313.4 (41.1)
Exch. Market Cap. (QR mn) 526,952.3 529,020.8 (0.4)
Volume (mn) 6.4 8.3 (22.6)
Number of Transactions 2,769 4,189 (33.9)
Companies Traded 38 38 0.0
Market Breadth 15:19 25:9 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 13,742.28 (0.5) (0.0) 21.5 N/A
All Share Index 2,423.75 (0.5) (0.0) 20.3 12.8
Banks 2,347.42 (0.5) (0.0) 20.4 12.4
Industrials 3,086.73 (0.5) 0.2 17.5 11.4
Transportation 1,766.57 (0.8) 0.3 31.8 12.1
Real Estate 1,713.25 (0.4) (0.2) 6.3 12.9
Insurance 2,229.92 (1.9) (0.2) 13.6 9.2
Telecoms 1,438.11 0.1 0.1 35.0 15.1
Consumer 5,817.86 (0.0) (0.9) 24.6 24.4
Al Rayan Islamic Index 2,752.04 (0.3) 0.2 10.6 14.2
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
Deyaar Development Dubai 0.57 5.6 217,754.6 61.9
National Shipping Co. Saudi Arabia 21.45 5.1 2,628.0 12.0
Taiba Holding Co. Saudi Arabia 39.00 4.6 1,468.2 56.9
SPIMACO Saudi Arabia 54.00 4.3 592.0 23.6
RAKBANK Abu Dhabi 7.40 4.2 3.6 98.4
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
Qatar Gen. Ins & Rein. Qatar 47.80 (9.5) 13.1 3.9
Abu Dhabi Nat. Hotels Abu Dhabi 2.25 (9.3) 9.7 27.1
IFA Hotels & Resorts Kuwait 0.65 (7.1) 6.6 47.7
Emirates NBD Dubai 5.30 (3.6) 573.9 86.0
Nat. Marine Dredging Abu Dhabi 8.50 (3.4) 67.7 (15.0)
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%
Qatar General Ins. & Rein. Co. 47.80 (9.5) 13.1 3.9
Qatar Navigation 78.60 (1.8) 65.9 24.6
Medicare Group 46.70 (1.7) 98.4 30.8
Qatar National Cement Co. 101.60 (1.4) 3.5 (5.0)
Qatar Electricity & Water Co. 158.00 (1.2) 14.7 19.3
Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD%
Al Khaliji Commercial Bank 18.80 1.3 19,874.6 10.7
Doha Bank 53.40 (0.4) 17,188.9 15.2
Qatar Gas Transport Co. 19.25 (0.3) 15,293.0 26.1
Industries Qatar 154.00 (0.6) 14,699.2 9.2
QNB Group 167.30 (0.9) 11,243.4 27.8
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* 9,618.26 (0.5) (0.0) (0.0) 15.1 50.72 144,701.1 12.1 1.7 4.8
Dubai 2,585.68 (0.5) 2.5 2.5 59.4 268.98 64,014.8 15.0 1.0 3.5
Abu Dhabi 3,803.64 0.0 1.9 1.9 44.6 86.47 109,960.8 10.8 1.4 4.7
Saudi Arabia 7,933.95 0.7 2.2 2.2 16.7 1,570.99 418,922.4 16.6 2.1 3.7
Kuwait 7,595.80 (0.4) (0.5) (0.5) 28.0 75.76 107,672.0 18.1 1.2 3.8
Oman 6,730.81 (0.1) 0.6 0.6 16.8 21.30 23,429.1 11.1 1.7 3.9
Bahrain 1,188.69 0.1 0.0 0.0 11.6 0.71 21,775.4 8.3 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)
9,600
9,620
9,640
9,660
9,680
9,700
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 declined 0.5% to close at 9,618.3. The Insurance
and Transportation indices led the losses. The index declined on
the back of selling pressure from Qatari shareholders despite
buying support from non-Qatari shareholders.
 Qatar General Ins. & Rein. Co. and Qatar Navigation were the
top losers, falling 9.5% and 1.8% respectively. Among the top
gainers, Dlala Brok. & Inv. Holding Co. rose 10.0%, while Islamic
Holding Group gained 5.0%.
 Volume of shares traded on Monday declined by 22.6% to 6.4mn
from 8.3mn on Sunday. Further, as compared to the 30-day
moving average of 7.9mn, volume for the day was 19.3% lower.
Al Khaliji Commercial Bank and Qatar Gas Transport Co. were
the most active stocks, contributing 16.4% and 12.3% to the total
volume respectively.
Source: Qatar Exchange (* as a % of traded value)
Earnings and Global Economic Data
Earnings Releases
Company Market Currency
Revenue
(mn) 3Q2013
% Change
YoY
Operating Profit
(mn) 3Q2013
% Change
YoY
Net Profit (mn)
3Q2013
% Change
YoY
Jabal Omar Development
Co. (JODC)
Saudi Arabia SR – – (7.4) -44.4% (3.4) -71.2%
Source: Company data, DFM, ADX, MSM
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
09/02 EU Markit PMI Manufacturing August 50.3 51.3 51.3
09/02 France Markit PMI Manufacturing August 49.7 49.7 49.7
09/02 Germany Markit PMI Manufacturing August 50.7 52.0 52.0
09/02 UK Markit PMI Manufacturing August 57.2 55.0 54.8
09/02 UK Hometrack Hometrack Housing Survey MoM August 0.40% – 0.30%
09/02 UK Hometrack Hometrack Housing Survey YoY August 1.80% – 1.30%
09/02 Italy Markit PMI Manufacturing August 51.3 50.8 50.4
09/02 China HSBC HSBC/Markit Manufacturing PMI August 50.1 50.2 47.7
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
 Barwa Bank management team update – Barwa Bank has
announced a series of changes to its leadership team. The
changes include the promotion of Khalid Al Ahbabi as the
General Manager, Wholesale & Business Banking and Hussain
Al Abdulla as the General Manager, Personal Banking & Wealth
Management; a new role for Keith Bradley as Group Chief
Operating Officer & General Manager International; as well as
the appointment of Nasser Mohamad Al Hajiri as Chief
Administrative Officer. (Peninsula Qatar)
 EC Harris: Qatar has 4th
highest asset wealth per head –
According to the Global Built Asset Wealth Index published by
EC Harris, Qatar has the fourth highest built asset wealth per
person in the world with an estimated per capita wealth of
$143,000. During 2011-2012, the rate of growth in built asset
wealth per capita stood at 8.4%, which is the highest growth in
the world. The index illustrates how Qatar compares with 30
other countries that collectively represent 82% of the global
GDP. The Index also revealed the total built asset wealth
among these countries stood at $193tn - equivalent to almost
three times the GDP of these countries ($68tn). (Peninsula
Qatar)
 QP to develop Mesaieed infrastructure – Qatar Petroleum
(QP) is working on the development of Mesaieed Industrial City
through a comprehensive plan over a 25-year period. The
project includes a number of road works and expansion of
residential areas. The development plan covers the renovation
of the Al-Ajfa heritage village and setting up a sports club,
besides two civil defense stations and a public service complex.
Further, bridges will be built to protect oil & gas pipelines
passing under the road. Recently, 40 kilometers of streets in the
residential area were overhauled at a cost of QR800mn. (Gulf-
Times.com)
 Qatari firm Petroserv invests in Australian LNG sector –
Qatar-based Petroserv Limited has announced its entry into the
LNG sector in Australia through an equity investment with
Australian Bothar Boring. Through this investment, Petroserv will
utilize its own experience of contracting in the oil & gas and
infrastructure sectors along with the similar sector expertise it
has identified in the Bothar Group. Under the deal, Petroserv
acquires a 49% share in Bothar Boring & Tunnelling, and also
plans to back its investment with more funding for greater
expansion into Australia's gas sector. (Qatar Tribune)
 10 new malls to be set up in Qatar in 4 years – Al Asmakh
Real Estate Development Company said at least 10 new malls,
four-five shopping centers, three-four hyper markets are planned
to come up within Doha and its neighboring areas over the next
four years. The company also said that it does not expect any
major changes in occupancies and rents in Qatar’s malls over
the near future. (Gulf-Times.com)
Overall Activity Buy %* Sell %* Net (QR)
Qatari 58.57% 67.84% (17,117,252.39)
Non-Qatari 41.43% 32.17% 17,117,252.39

3. Page 3 of 5
 QA increases flights to Europe, Middle East & Asia Pacific –
Qatar Airways (QA) has announced an increase in its flight
frequency to destinations in Eastern Europe, Asia Pacific and
the Middle East in preparation for the winter season. The
increase in frequency will provide passengers, travelling to and
from these destinations, with a greater choice to connect with
QA's extensive global network. (Qatar Tribune)
International
 EC Report: Cyprus on track with bailout reforms – According
to a draft report by the European Commission (EC), Cyprus is
successfully carrying out the reforms needed under its €10bn
bailout program and will get the next tranche of financial help as
planned. Inspectors from the European Commission, the
European Central Bank and the International Monetary Fund –
the troika – visited Cyprus recently to assess progress on
strengthening its public finances. The report, which must be
approved by EU finance ministers, approves the disbursal of the
next tranche of aid worth €1.5bn from the Eurozone's bailout
fund. The IMF will separately disburse the next €86mn tranche
of its share of the bailout. (Reuters)
 Spain pushes for pension reform plan tied to life
expectancy – Spain is pushing for state pension reforms that
would link payments to life expectancy and to economic cycles,
without raising the retirement age. These proposals, which the
government presented to unions, would include delinking
pensions from inflation as of next year, tying them instead to a
more complex formula that also takes into account the system's
revenue. The Spanish government proposes to introduce a
minimal annual rise of 0.25% in pensions, so that they cannot
nominally fall. The government also wants a ceiling that would
prevent pensions rising more than 0.25% above inflation.
(Reuters)
 Chinese Premier: China will achieve year’s economic goals
– Chinese Premier Li Keqiang said he is confident that the
nation will achieve its economic goals for the year, indicating
that China will meet its target for 7.5% growth. Li Keqiang said
recent data show that employment and prices are stable along
with improving market expectations. He said the Chinese
economy has maintained stable development since the first half
and confidence is increasing. (Bloomberg)
 China’s official services PMI at 53.9 in August – According to
data released by the National Bureau of Statistics, China's
official Purchasing Managers' Index (PMI) for the non-
manufacturing sector dipped slightly to 53.9 in August from
July's 54.1. The services sector index followed the bureau's
manufacturing PMI, which showed China's factory activity
expanded at the fastest pace in more than a year in August.
(Reuters)
Regional
 Saudi Arabia remains largest exporter to South Korea –
According to the Energy Information Administration (EIA), Saudi
Arabia is the largest exporter to South Korea among the GCC
countries. Saudi Arabia has shipped $37.5bn worth of goods
from July 2012 to July 2013, followed by Qatar with $26bn,
Kuwait with $18.4bn and UAE with $16.2bn. Kuwait was the
largest exporter in the GCC region in 2011. According to the
Korea National Oil Corporation (KANO), Kuwait has exported
518,000 barrels per day (bpd) to South Korea in July, about a
fifth of its July 2013 oil production and also fifth of South Korea’s
total oil imports. In terms of value, Kuwait’s July 2013 exports to
South Korea have increased by 45.1% YoY, which is closely
followed by the UAE at 44.8% YoY. Saudi Arabia’s exports to
South Korea grew 1.2% YoY, while Qatar’s exports have
declined 16.1% YoY. (GulfBase.com)
 Saudi Aramco plans to boost gas production at Midyan –
The Saudi Arabian Oil Company’s (Saudi Aramco) Chief
Executive Khalid al-Falih said the Midyan gas field project in the
Red Sea is expected to produce 75mn cubic feet of gas per day.
He said that the gas from Midyan will be pumped to the province
of Duba to feed new power stations planned by the Saudi
Electricity Company and Saudi Aramco. He did not say when
the production was expected to start, but estimated that the daily
output will be equivalent to 2.12mn cubic meters.
(GulfBase.com)
 Solvay, Sadara starts work on hydrogen peroxide plant in
Kingdom – Saudi Hydrogen Peroxide Company, a newly
created JV between Sadara Chemical Company (Sadara) and
the Solvay Group (Solvay), have begun constructing one of the
world’s largest hydrogen peroxide (HP) plants in Saudi Arabia.
The plant will provide a key raw material to Sadara and will
strengthen Solvay’s global leadership position in HP technology
and markets. With a capacity exceeding 300,000 tons per year
and a planned startup in 2015, the mega plant is being built at
Sadara’s chemical complex in Jubail Industrial City II. It will be
the first HP facility in the Kingdom. (Bloomberg)
 Al-Khodari Sons signs SR245mn contract with Health
Ministry – Abdullah Abdul Mohsin Al-Khodari Sons Company
has signed a contract worth SR245mn with the Ministry of
Health for the construction of a maternity hospital with 300 beds
(Phase 1). This project is set to be completed in 48 months from
the date of site handing over. The financial impact of this project
is expected to be visible in 3Q2013. (Tadawul)
 SR100m recruitment firm approved in Kingdom – The Saudi
Ministry of Commerce & Industry has approved the
establishment of Jadarah Recruitment Company in Riyadh to
enhance employment opportunities and other economic
activities. The company will be established as a joint stock
company with a capital of SR100mn. This capital is split into
shares with a nominal value of SR10 per share. (Bloomberg)
 Yemen Transport Minister invites bids from UAE companies
to revamp its airports – Yemeni Transport Minister Waed
Batheeb has called UAE companies to participate in a $500mn
tender being held in October 2013 to revamp the infrastructure
of Sana’a and Aden airports and improve their operations
management. Yemen is undertaking a massive expansion of its
major airports at Sana’a and Aden, as part of its ambitious plans
to boost tourism revenues. The current project at Sana’a's
airport will add 12 new air bridges, four halls and facilities to
handle 18 aircraft at a time. (GulfBase.com)
 BMTS partners with Italian Energia Europa – Bahri & Mazroei
Technical Systems Company (BMTS) has formed a strategic
alliance with Italian manufacturer, Energia Europa. This
partnership will bring advanced and patented technologies on
electrical energy savings to the UAE market. (AME Info)
 Dnata expands its airport handling operation in Philippines
– The global air service provider Dnata is set to commence its
airport handling operations at Clark International Airport,
Philippines. This marks the company's 75th airport location, and
its second location in the Philippines. Dnata will provide airport
handling for Emirates Airline's daily service from Dubai to Clark
International from October 01, 2013. (AME Info)
 DIFC records 7% growth in registered companies in 1H2013
– The Dubai International Financial Centre (DIFC) said its
registered companies grew 7% during 1H2013 to 979.
Occupancy in DIFC’s offices at the centre of the free zone rose

4. Page 4 of 5
to 97% at the end of 1H2013 as compared to 94% at the end of
1H2012. (Gulf-Times.com)
 Dana Group enters retail market with Dana Mart – Dubai-
based Dana Group is set to make a mark in the retail sector with
the launch of its “Dana Mart”, a mall covering 20,000 square foot
space in Al Jurf Industrial Area, UAE. It will act as a one stop
shop for a wide category of products ranging from fresh fruits &
vegetables, packaged & tinned food, frozen & dairy products,
FMCG supplies, cosmetics, electronics, clothes and home
essentials. (AME Info)
 Emirates NBD appoints new Chief Risk Officer – Emirates
NBD has appointed Manoj Chawla as its new Chief Risk Officer,
who comes from Standard Chartered. Chawla, who was the
Dubai-based Chief Country Risk Officer for Standard Chartered
in the UAE, replaces Rajan Khetarpal. Khetarpal will become
Chief Integration Officer for Emirates NBD’s recently acquired
Egyptian unit. (Bloomberg)
 JLL appoints new director for Middle East residential
business – Jones Lang LaSalle (JLL) has appointed Will
McKintosh as the new Director to lead its Middle Eastern
residential business from September 1, 2013. Will McKintosh
previously worked as the Head of Freehold with First Gulf Bank
in Abu Dhabi. (AME Info)
 Dubai World to sell 50% stake of Miami beach hotel – Dubai
World is in the final stages to sell its 50% stake in Fontainebleau
Hotel located on the Miami beach to a Florida-based developer,
Turnberry Ltd. Once concluded, the sale will be Dubai World's
second major asset disposal this year after the disposal of UK-
based logistics warehouse developer Gazeley in June. (Reuters)
 Dubai World names new CEO for Istithmar investment unit
– Dubai World has named Ziad Makkawi as the new Chief
Executive for its investment arm, Istithmar World. Ziad Makkawi
replaces Andy Watson, who has been chief executive of
Istithmar since 2010. Dubai World said that Andy Watson will
remain in his role as the Group Managing Director of Dubai
World. (Peninsula Qatar)
 Cluttons: Abu Dhabi’s live local rule to boost real estate
sector – According to Cluttons, Abu Dhabi Government’s new
requirement for public sector workers to reside in the city, which
became effective from September 1, 2013, is expected to
provide a major boost to the Emirate’s real estate sector. The
Executive Council of Abu Dhabi’s planned AED330bn financial
injection into its economy over the next five years is expected to
stimulate economic growth and promote economic
diversification. Cluttons said that this funding will act as a
catalyst not only for the growth within the Emirate, but in the
UAE as well, with foreign direct investment appeal expected to
receive a further boost. (GulfBase.com)
 Abu Dhabi welcomes 23,618 Chinese visitors in January-
July 2013 – According to Abu Dhabi Tourism & Culture
Authority, the Emirate has hosted 23,618 Chinese tourists from
January 2013 to July 2013, indicating an increase of 36% YoY.
Abu Dhabi expects further increase in visits as the local industry
is developing tailor-made products to cater to the lucrative
Chinese market. Chinese visitors accounted for 44,094 room
nights in 146 hotel and apartments during January-July 2013,
reflecting an increase of 38% YoY, with their average length of
stay increasing marginally by 2% to 1.87 days. According to
VISA, Chinese visitors have spent $182mn on retail in 2012 in
the UAE, which is up 11.4% YoY. (AME Info)
 Emirates Steel delivers first shipment of structural steel to
US, Mexico ports – Abu Dhabi-based Emirates Steel Industries
has made the delivery of the first ever “Made in UAE” shipment
of structural steel to the US and Mexican ports of Houston and
Altamira. More than 13,000 tons of structural steel was shipped
from the Mina Zayed port, which were produced to suit US and
Mexican requirements for high tensile W sections with ASTM
standards. (GulfBase.com)
 Tawasul Telecom adds Singapore to its MPLS network –
Gulf Electronic Tawasul Company (Tawasul Telecom) has
added Singapore to its multi-protocol label switching (MPLS)
private cloud network. This will enable the company to create
the much needed gateway connecting Far East Asia to the
Middle East region, which goes in line with Tawasul Telecom's
strategy to expand its telecom network. Now, Tawasul
Telecom’s coverage has been expanded across Kuwait, Saudi
Arabia, Bahrain, the UAE, Qatar, Oman, Egypt, UK, Germany
and Singapore. (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
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 (*August 30, 2013) Source: Bloomberg (*August 30, 2013)
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
0.7%
(0.5%)
(0.4%)
0.1%
(0.1%)
0.0%
(0.5%)
(0.8%)
(0.4%)
0.0%
0.4%
0.8%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD%
Gold/Ounce 1,391.32 (0.3) (0.3) (17.0) DJ Industrial* 14,810.31 0.0 0.0 13.0
Silver/Ounce 24.17 2.8 2.8 (20.3) S&P 500* 1,632.97 0.0 0.0 14.5
Crude Oil (Brent)/Barrel (FM
Future)
114.33 0.3 0.3 2.9 NASDAQ 100* 3,589.87 0.0 0.0 18.9
Natural Gas (Henry
Hub)/MMBtu*
3.57 0.0 0.0 4.1 STOXX 600 302.94 1.9 1.9 8.3
North American Spot LPG
Propane Price*
117.63 0.0 0.0 30.7 DAX 8,243.87 1.7 1.7 8.3
North American Spot LPG
Normal Butane Price*
139.25 0.0 0.0 (21.1) FTSE 100 6,506.19 1.5 1.5 10.3
Euro 1.32 (0.2) (0.2) (0.0) CAC 40 4,006.01 1.8 1.8 10.0
Yen 99.33 1.2 1.2 14.5 Nikkei 13,572.92 1.4 1.4 30.6
GBP 1.55 0.3 0.3 (4.4) MSCI EM 938.29 0.9 0.9 (11.1)
CHF 1.07 (0.5) (0.5) (2.0) SHANGHAI SE Composite 2,098.45 0.0 0.0 (7.5)
AUD 0.90 0.9 0.9 (13.6) HANG SENG 22,175.34 2.0 2.0 (2.1)
USD Index* 82.09 0.0 0.0 2.9 BSE SENSEX 18,886.13 1.4 1.4 (2.8)
RUB 33.37 0.2 0.2 9.3 Bovespa 51,835.15 3.7 3.7 (15.0)
BRL 0.42 0.2 0.2 (13.8) RTS 1,291.98 0.1 0.1 (15.4)
138.2
124.2
112.2