The QE index rose 0.1% as the Telecoms and Transportation indices gained. Vodafone Qatar and Mazaya Qatar Real Estate Dev. were the top gainers, while Qatar Cinema & Film Dist. Co. and Qatari Investors Group declined the most. Trading volume increased by 21.6% compared to the previous day and was 111.9% higher than the 30-day average, with Vodafone Qatar and Mazaya Qatar contributing over half the volume. Several Qatar-related news were also mentioned, including a new public finance law, capital increase approvals for merged entities, and corporate updates.

1. QE Intra-Day Movement
Market Indicators
25 Nov 13
24 Nov 13
%Chg.
10,350
Value Traded (QR mn)
Exch. Market Cap. (QR mn)
Volume (mn)
Number of Transactions
Companies Traded
Market Breadth
527.8
554,402.9
21.7
6,942
39
21:15
627.3
553,580.9
17.8
8,308
39
23:12
(15.9)
0.1
21.6
(16.4)
0.0
–
10,340
10,330
Market Indices
10,320
10,310
9:30
10:00
10:30
11:00
11:30
12:00
12:30
13:00
Qatar Commentary
The QE index rose 0.1% to close at 10,341.1. Gains were led by the Telecoms
and Transportation indices, gaining 1.2% and 0.4% respectively. Top gainers
were Vodafone Qatar and Mazaya Qatar Real Estate Dev., rising 5.6% and
2.4% respectively. Among the top losers, Qatar Cinema & Film Dist. Co. fell
4.9%, while Qatari Investors Group declined 2.3%.
Close
Total Return
All Share Index
Banks
Industrials
Transportation
Real Estate
Insurance
Telecoms
Consumer
Al Rayan Islamic Index
1D%
WTD%
YTD%
TTM P/E
14,775.02
2,577.58
2,445.87
3,396.84
1,905.84
2,020.67
2,344.41
1,450.05
5,956.57
3,040.57
0.1
0.2
0.4
(0.3)
0.4
(0.2)
(0.1)
1.2
(0.0)
0.5
1.3
1.1
0.4
1.2
2.4
7.0
(0.6)
0.4
0.8
4.0
30.6
27.9
25.5
29.3
42.2
25.4
19.4
36.2
27.5
22.2
N/A
13.0
13.1
12.3
12.9
13.8
9.6
19.7
22.6
15.8
GCC Commentary
GCC Top Gainers##
Exchange
Close#
Saudi Arabia: The TASI index fell 0.5% to close at 8,346.7. Losses were led
by the Telecomm. & Info. Tech. and Cement indices, declining 1.4% and 1.1%
respectively. Tourism Ent. Co. fell 5.6%, while Arriyadh Dev. was down 3.8%.
Comm. Bank of Kuwait
1D%
Vol. ‘000
Kuwait
0.75
7.1
695.4
5.6
Vodafone Qatar
Qatar
11.30
5.6
6,111.0
35.3
Dubai: The DFM index declined 0.3% to close at 2,868.6. The Services index
fell 1.7%, while the Insurance index was down 1.5%. Mazaya declined 9.5%,
while Dubai National Insurance & Reinsurance was down 3.6%.
Nat. Bank of Fujairah
Dubai
3.70
3.4
35.7
(18.7)
Abu Dhabi Comm. Bank
Abu Dhabi
5.25
2.9
5,206.9
76.5
Abu Dhabi: The ADX benchmark index fell 0.1% to close at 3,815.2. The Inv.
& Fin. Ser. index declined 2.7%, while the Ins. index was down 1.2%. Ras Al
Khaimah Nat. Insurance Co. fell 9.9%, while Comm. Bank Int. was down 7.1%.
Abu Dhabi Nat. Energy
Abu Dhabi
1.33
2.3
91.5
(2.2)
GCC Top Losers
Exchange
Kuwait: The KSE index declined 0.5% to close at 7,837.1. The Telecomm.
Index fell 1.1%, while the Consumer Services index was down 1.0%. Kuwait
Cable Vision Co. declined 7.1%, while Al Themar Int. Holding was down 6.5%.
IFA Hotels & Resorts
Kuwait
Arriyadh Dev. Co.
Saudi Arabia
Oman: The MSM index fell 0.2% to close at 6,752.1. The Banking &
Investment index declined 0.2%, while all other sub-indices ended in green.
Dhofar University fell 9.3%, while National Gas Co. was down 1.7%.
Nat. Mobile Telecomm.
Qatari Investors Group
Arabtec Holding Co.
Bahrain: The BHB index declined 0.3% to close at 1,194.4. The Industrial
index fell 1.9%, while the Commercial Banking index was down 0.2%. Ithmaar
Bank declined 2.2%, while Aluminum Bahrain was down 2.0%.
Vodafone Qatar
1D% Vol. ‘000
YTD%
0.26
(5.5)
167.1
(26.7)
27.60
(3.8)
2,843.6
20.8
Kuwait
1.74
(3.3)
10.3
(25.6)
Qatar
40.05
(2.3)
1,681.8
74.1
Dubai
2.55
(2.3)
29,987.7
37.1
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%
5.6
6,111.0
35.3
Qatar Cinema & Film Dist. Co.
42.30
(4.9)
0.7
(25.7)
7.7
Qatari Investors Group
40.05
(2.3)
1,681.8
74.1
Qatar German Co. for Med. Dev.
14.70
(2.0)
175.2
(0.5)
Dlala Brok. & Inv. Holding Co.
21.80
(1.4)
122.1
(29.9)
Qatar General Ins. & Rein.
50.00
(0.6)
26.0
8.7
Mazaya Qatar Real Estate Dev.
11.85
2.4
Al Khaleej Takaful Group
39.60
1.5
1.8
8.0
Gulf Warehousing Co.
41.60
1.5
380.6
24.2
Qatar & Oman Investment Co.
12.86
1.4
124.4
3.8
5,426.1
Close*
1D%
Val. ‘000
YTD%
Qatari Investors Group
40.05
(2.3)
67,857.4
74.1
Vodafone Qatar
11.30
5.6
67,833.3
35.3
15.7
Mazaya Qatar Real Estate Dev.
11.85
2.4
64,228.2
7.7
1,681.8
74.1
Al Khalij Commercial Bank
19.65
0.8
43,445.0
15.7
1,098.6
10.9
135.50
0.4
39,829.0
30.3
Close*
1D%
Vol. ‘000
YTD%
Vodafone Qatar
11.30
5.6
6,111.0
35.3
Mazaya Qatar Real Estate Dev.
11.85
2.4
5,426.1
7.7
Al Khalij Commercial Bank
19.65
0.8
2,216.8
Qatari Investors Group
40.05
(2.3)
Barwa Real Estate Co.
30.45
(0.2)
Qatar Exchange Top Vol. Trades
Qatar Exchange Top Val. Trades
Ooredoo
Source: Bloomberg (* in QR)
Source: Bloomberg (* in QR)
Qatar*
Dubai
Abu Dhabi
Saudi Arabia
Kuwait
Oman
Bahrain
#
11.30
Qatar Exchange Top Gainers
Regional Indices
##
YTD%
Close
1D%
WTD%
MTD%
YTD%
10,341.07
2,868.56
3,815.16
8,346.69
7,837.13
6,752.05
1,194.43
0.1
(0.3)
(0.1)
(0.5)
(0.5)
(0.2)
(0.3)
0.6
(0.8)
(0.4)
0.1
(0.1)
(0.3)
(0.6)
5.1
(1.8)
(0.8)
3.8
(1.4)
1.2
(0.6)
23.7
76.8
45.0
22.7
32.1
17.2
12.1
Exch. Val. Traded
($ mn)
144.94
110.74
64.51
1,104.55
112.67
27.16
1.59
Exchange Mkt.
Cap. ($ mn)
152,294.5
68,786.9
109,770.6
452,974.9
108,223.8
24,102.0
16,782.2
P/E**
P/B**
13.2
16.9
10.6
17.1
18.1
10.7
8.0
1.8
1.1
1.3
2.1
1.3
1.6
0.8
Dividend
Yield
4.4
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) (#- Data as of Nov. 24)
Page 1 of 5

2. Qatar Market Commentary
 The QE index rose 0.1% to close at 10,341.1. The Telecoms and
Transportation indices led the gains. The index rose on the back
of buying support from Qatari shareholders despite selling
pressure from non-Qatari shareholders.
 Vodafone Qatar and Mazaya Qatar Real Estate Dev. were the
top gainers, rising 5.6% and 2.4% respectively. Among the top
losers, Qatar Cinema & Film Dist. Co. fell 4.9%, while Qatari
Investors Group declined 2.3%.
Overall Activity
Buy %*
Sell %*
Net (QR)
Qatari
69.18%
64.26%
25,962,245.24
Non-Qatari
30.82%
35.74%
(25,962,245.24)
Source: Qatar Exchange (* as a % of traded value)
 Volume of shares traded on Monday rose by 21.6% to 21.7mn
from 17.8mn on Sunday. Further, as compared to the 30-day
moving average of 10.2mn, volume for the day was 111.9%
higher. Vodafone Qatar and Mazaya Qatar Real Estate Dev.
were the most active stocks, contributing 28.2% and 25.1% to
the total volume respectively.
Global Economic Data
Global Economic Data
Date
Market
Source
11/25
US
11/25
US
11/25
Spain
Nat. Association of
Realtors
Nat. Association of
Realtors
INE
11/25
Spain
INE
Indicator
Period
Actual
Consensus
Previous
Pending Home Sales MoM
October
-0.60%
1.00%
-4.60%
Pending Home Sales YoY
October
-2.20%
-1.00%
2.00%
PPI MoM
October
-0.60%
–
0.20%
PPI YoY
October
-0.20%
0.10%
0.10%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
 Public finance law on anvil in Qatar – A senior official in the
Qatari Ministry of Finance, Badr Al Qaed, said a new law to
regulate financial activities of the government and public sector
organizations is on the anvil. The proposed public finance law
aims at helping Qatar develop a long-term investment strategy
by setting up a macroeconomic unit. A public investment
program will also be implemented, whereby identifying state’s
major projects is prioritized and methods of their evaluation, and
control of public finance performance are to be developed.
(Peninsula Qatar)
 SIIS approves capital increase amendment for merged
entities – Salam International Investment Ltd (SIIS), which was
embroiled in a legal wrangle regarding its mergers that took
place during 2002-2005, has approved an amendment to the
capital increase mechanism for those merged entities. SIIS’
shareholders approved the total capital increase to the tune of
QR573.72mn against in-kind shares in real value pertaining to
the acquisition of several companies through mergers during
2002-2005. The value of capital increase amounted to
QR170mn for companies that were acquired in 2002, while it
amounted to QR403.72mn for those acquired in 2005. (GulfTimes.com)
 UDCD appoints acting CEO – The United Development
Company (UDCD) announced that Badr Mohammad Al Meer
has replaced Ibrahim Mubarak Al Sulaiti as the acting CEO of
the company. Mr. Ibrahim Mubarak Al-Sulaiti's services as
Board Member of the company's subsidiaries also ended
effective Monday November 25, 2013. (QE)
 QNB wins Ship Finance award – QNB has won the “Ship
Finance” award at the Seatrade Middle East & Indian
subcontinent award function, which is the highest award in its
category. QNB was the only financial institution to win a major
Award in this function. The award was given to QNB for its
overall role as a mandated lead arranger, facilities agent,
account bank and security trustee for numerous mega transport
and infrastructure projects. Examples highlighted were: UASC
Shipping, Qatar Shipping, Halul Offshore Services, Nakilat and
Gulf LPG. (QNBK Press Release, Gulf-Times.com)
 ERES ratifies BoD’s recommendation to partner with SAK
Holding Group – Ezdan Holding Group (ERES) has ratified the
recommendation of its Board of Directors to enter into a
partnership with SAK Holding Group for the development of
ERES’ land. The group has authorized its BoD to complete the
necessary steps to implement this partnership. (QE)
 Qatar’s QR2.3mn Muntazah Street project ready next year –
According to sources, work on the QR2.3mn Muntazah Street
project is in full swing and is scheduled to be completed by the
end of 2014. The project – a part of Ashghal’s Expressway
Program – will provide an important connection from the
Industrial Area to Doha city and ease traffic congestion. It will
also provide a strategic connection to Barwa City, and connect
F-Ring Road to Wholesale Market Road and Mesaimeer Street.
The project will include an extensive network of pedestrian
footpaths and cycle-paths to enhance safety and access for all.
(Peninsula Qatar)
 KCBK’s BoD to meet on December 10 – Al Khalij Commercial
Bank’s (KCBK) board of directors will meet on December 10,
2013 to discuss and approve various business-related items.
(QE)
 MCCS to hold board meeting on December 16 – The Mannai
Corporation (MCCS) has announced that its Board will hold a
meeting on December 16, 2013 to discuss the progress in the
company’s business. (QE)
Page 2 of 5

3.  Qatar’s water reuse to rise by 30% by 2020 – Qatar
Environment & Energy Research Institute’s (QEERI) Adel Sharif
said Qatar aims to increase its water reuse by 30% by 2020 as
part of its strategy to address the issue of water security. Sharif
said that by 2020, desalination and water purification
technologies will contribute significantly toward ensuring a safe,
sustainable and affordable water supply for Qatar and the
region. (Qatar Tribune)
International
 US Senate banking committee approves Janet Yellen
nomination to Federal Reserve top job – Janet Yellen is
closer to becoming the next head of the US Federal Reserve
after her nomination was approved by a US Senate banking
committee. Ms Yellen is currently the Fed’s deputy chair and will
replace incumbent Ben Bernanke in January, becoming the first
woman ever to hold the post. Earlier, the US president Barack
Obama nominated her for the role in October. Her nomination
was expected after former Treasury Secretary Larry Summers
withdrew his candidacy in September. (BBC)
 Economists trim short-term US growth forecasts –
According to the Philadelphia Federal Reserve's quarterly
survey of 42 forecasters, economists trimmed their forecasts for
the US economic growth in the final quarter of the year and the
first three months of 2014 but, predicted a slightly higher rate of
job growth over the next four quarters. Analysts see the
economy growing at an annual rate of 1.8% in the current
quarter, down from a previous estimate of 2.3%. (Reuters)
 EU could relax Iran sanctions from December – French and
EU officials said the European Union could relax some
sanctions on Iran as soon as next month, after major powers
reached a landmark deal with Tehran to curb its nuclear
program. French Foreign Minister Laurent Fabius said EU
foreign ministers will meet in December to discuss a proposal
from EU foreign policy Chief Catherine Ashton to ease
sanctions. He said that they are proposing a lifting of the
sanctions, but it will be limited, targeted and reversible.
(Reuters)
 Chinese PM wants to see a strong euro – Chinese Premier Li
Keqiang said he would like to see a strong euro currency. He
said cooperation between China and Central & Eastern Europe
is in favor of the European integration process and wishes to
see a prosperous, united and developed Europe. (Reuters)
 Japan to dismantle rice output policy as Abe targets farm
reform – Japanese Prime Minister Shinzo Abe’s government
has approved a plan to end a four-decade long policy that has
helped to sustain the nation’s 1.2mn rice farms. Agriculture
Minister Yoshimasa Hayashi said the gentan system, which has
paid landowners to reduce crops since 1970, will be dismantled
by the end of the Japanese fiscal year through March 31, 2019.
(Bloomberg)
Regional
 Saudi construction sector witnesses’ drastic fall due to
correction measures – The Council of Saudi Chambers’ (CSC)
Head of Contractors’ Committee Fahad Al Hamadi said the
construction sector in the Kingdom is currently witnessing an
unprecedented fall due to correction measures undertaken by
the government. The prices of building materials, sanitary-ware
and electrical equipment have dropped 40% as compared to the
last three months. Meanwhile, costs of specialized and
regularized foreign labor for electrical works, plumbing, sanitaryware and paint have increased 30-40% due to the growing
demand. (GulfBase.com)
 BDB obtains SR420mn financing facility from Bank Albilad
– Bahri Dry Bulk (BDB) has obtained a Shari’ah-compliant
financing facility worth SR420mn from Bank Albilad to finance
70% of the construction cost for five dry bulk vessels. This 11year financing facility includes a grace period of one year. These
five vessels will be mortgaged to Bank Albilad as collateral for
this financing. The first vessel will be delivered by the end of
November 2013, while the remaining four will be delivered in
1H2014. (GulfBase.com)
 MA'ADEN awards SR2.25bn EPC contract to Intecsa
Industrial – The Saudi Arabian Mining Company (MA'ADEN)
has awarded an EPC contract worth SR2.25bn to Spain’s
Intecsa Industrial for building a fertilizer plant. Being a part of
MA'ADEN’s Waad Al Shamal Phosphate project, this plant will
be built at Ras Al Khair. When completed, this plant will have a
production capacity of 3mn tons per annum of di-ammonium
phosphate (DAP), mono-ammonium phosphate and compound
fertilizers. This plant is expected to be completed in 4Q2016.
The project partners are currently seeking finance for this project
and expect to secure commitments from financial institutions by
December 2013. (Tadawul)
 SCC signs restructuring contract with Lazard – The Saudi
Cable Company (SCC) has signed a contract with Lazard to
restructure the company’s financial requirements over the longterm. This will be done by converting SCC’s short-term debts
into long-term debts with additional financing for working capital.
This will help to strengthen the company’s capacities. SCC
expects to finalize this restructuring plan before the end of 2013
and has so far achieved 50% of restructuring. (Tadawul)
 Advanced Petrochem’s BoD recommends SR204.99mn
dividend – The Advanced Petrochemical Company’s board of
directors has recommended the distribution of dividends worth
SR204.99mn (SR1.25 per share), representing 12.5% of the
face value. The total cash dividends for fiscal year ending
December 31, 2013 stand at SR368.89mn (SR2.25 per share),
representing 22.5% of the face value. (Tadawul)
 ATMC obtains SAMA’s approval for insurance products –
Alinma Tokio Marine (ATMC) has obtained a temporary
approval from the Saudi Arabian Monetary Agency (SAMA) to
use its insurance products for 6 months. These insurance
products include public liability, commercial general liability and
workers compensation. Meanwhile, ATMC has received the final
approval from SAMA to use its group term insurance product.
(Tadawul)
 MetLife AIG ANB Cooperative Insurance to begin trading
from November 26 – The Saudi Capital Market Authority (Saudi
CMA) announced that the listing and trading of MetLife AIG ANB
Cooperative Insurance Company will happen on November 26,
2013. The stock will be placed in the insurance sector with a
symbol 8011, along with a fluctuation limit of 10%. (Tadawul)
 World’s largest solar desalination plant to come up in Ras
Al Khaimah – Utico Middle East announced that the world’s
largest solar powered seawater desalination plant will be
developed in Ras Al Khaimah that will produce around 22mn
gallons of potable water per day and 20MW of solar power. This
plant will implement the most advanced reverse osmosis and
filtration technologies and when operational, will push unit
production rates down drastically. (Bloomberg)
 Dubai plans to boost government spending by 11% in 2014
– Dubai’s Department of Finance’s Director General
Abdulrahman al Saleh said that the Emirate is planning to boost
its government spending by 11% in 2014. This will be the
highest level since the property bubble burst in Dubai in 2008.
Page 3 of 5

4. Further, al Saleh said as the Emirate launches new
infrastructure projects, the solid economic growth is expected to
increase government revenues high enough to cut Dubai's
budget deficit by 41%. (Reuters)
 Palletco signs 50-year deal for new manufacturing facility at
Kizad – Plastic packaging producer, Palletco has signed a 50year agreement with Khalifa Industrial Zone Abu Dhabi (Kizad)
for investing AED90.7mn to develop a new manufacturing facility
at Kizad. Palletco has purchased a land plot of 247,580 square
feet inside Kizad's manufacturing facility and is planning to begin
manufacturing from this facility in early 2014. (Bloomberg)
 Swatch ups stake to 58% in Dubai's Rivoli retail chain –
Swiss watchmaker Swatch has increased its stake in Dubai's
Rivoli retail chain to 58%. Under this deal, Swatch will take
control of Rivoli's network of 360 retail businesses that employs
around 1,500 employees in the Middle East. (Reuters)
 Union Properties to complete transfer of its Limestone
House, Index buildings – Dubai-based property developer
Union Properties will soon complete the handover of all service
contracts of its buildings, “Limestone House” and “Index” to its
owners. The remaining two service agreements pertaining to the
Dubai Electricity & Water Authority and Emirates Central
Cooling Systems are currently in final stages of handover, and
are expected to be completed over the next few weeks.
(GulfBase.com)
 JafzaOne Phase 1 complex ready for lease – The Jebel Ali
Free Zone’s (Jafza) COO Talal Al Hashemi said that the
JafzaOne Phase 1 complex is ready to be leased out to
customers and will soon start accepting payments. This complex
will be ready for delivery on December 1, 2014. The Phase 1’s
43,000 square meters of prime leasable space consists of 22
outlet food courts and two levels of car park with 1,000 individual
spaces on each level. (GulfBase.com)
 ADIB seeks land rule change to allow foreign holders – Abu
Dhabi Islamic Bank (ADIB) said it is seeking changes in local
land ownership rules that could open ownership of shares of the
Emirate’s Shari’ah-compliant bank to foreigners. ADIB CEO
Tirad Mahmoud said land ownership is essential to Muslim
banks as financing is based on hard assets. He said a company
with foreign shareholding cannot now own land in Abu Dhabi, a
rule which ADIB is discussing with the Emirate’s economic
department. (Bloomberg)
 CBD appoints Head of Commercial Banking Group – The
Commercial Bank of Dubai (CBD) has appointed Abdul Rahim
Al Nimer as the Head of its Commercial Banking Group. Al
Nimer joined CBD as a credit officer in 1988. (GulfBase.com)
initial price talk for its planned five-year sukuk issue, expressed
in basis points, at mid-swaps plus the “very low 300s”. Books for
the deal are open and investor roadshows, which began last
Thursday, will continue on Monday and Tuesday this week.
Pricing is expected to follow. (Reuters)
 Boubyan Bank acquires 7.4mn ordinary shares in BLME
Holdings – Boubyan Bank has acquired a total of 7.4mn
ordinary shares in BLME Holdings at a price of $2.61 per share.
The bank now holds 25.62% of BLME’s issued share capital.
(GulfBase.com)
 Oman plans 7-year energy investment strategy to create
more jobs – Omani Ministry of Oil & Gas’ Undersecretary
Nassir bin Khamis Al Jashmi said Oman plans to present 53
projects in the hydrocarbon industry to the private sector over
the next seven years. This strategy aims to expand the industry
as well as create around 15,000 jobs for Omanis. On December
18, the ministry will present these projects at a seminar, which is
being jointly organized along with hydrocarbon firms in Muscat.
(Zawya)
 Topaz wins 2 contracts worth $100mn from BP – Topaz
Energy & Marine Ltd has won two contracts worth $100mn from
global oil major BP to supply additional vessels in Azerbaijan’s
largest oil & gas field. Topaz has acquired two European-built
platform supply vessels to serve these contracts, which stretch
over five years. These boats will be deployed in 4Q2013 and
2Q2014 to support BP’s operations in the Azerbaijan offshore
fields of ACG and Shah Deniz 2 in the Caspian Sea. These
additional boats will bring Topaz’s fleet size in the Azeri waters
to a total of 26 vessels. (MSM)
 Petrofac, Daelim win $2.1bn EPC contract from ORPIC –
Petrofac, along with South Korea’s Daelim Industrial Company,
has won a contract worth $2.1bn from Oman Oil Refineries &
Petroleum Industries Company (ORPIC) for building a refinery
project. This three-year contract includes engineering,
procurement, construction, (EPC) and commissioning services
at a refinery in the Sohar Industrial Area. This contract also
includes carrying out improvements at the existing facility and
adding new refining units. (Bloomberg)
 Investcorp Bank buys buildings in US for $270mn –
Investcorp Bank has purchased apartment buildings in the US
for $270mn. The bank’s US-based real estate unit has
purchased properties in the greater metropolitan areas of
Chicago, Las Vegas and Austin. These buildings include about
3,000 residential units with a combined average occupancy rate
of 95%. (Bloomberg)
 Mubadala signs $5bn deal with Guinea to develop bauxite
mine, alumina refinery – Mubadala Development Company
has signed an agreement worth $5bn with the Guinean
government to develop a bauxite mine and alumina refinery that
will secure raw material for the UAE’s aluminum plants. This
agreement includes extraction and exports of bauxite worth
$1bn to the UAE, as well as building a $4bn aluminum refinery
and a port. This investment is a part of the UAE's expansion
plans for its Emirates Global Aluminum business. (Reuters)
 ADIB eyes expansion in Kingdom, Algeria – Abu Dhabi
Islamic Bank’s (ADIB) CEO Tirad Mahmoud said that the bank
seeks to expand its operations into Saudi Arabia and Algeria. In
July 2013, ADIB had received a license from the Iraqi Central
Bank to start operations in the northern Gulf state. (Bloomberg)
 Aldar Properties sets price talk for five-year sukuk –
According to sources, Abu Dhabi-based Aldar Properties has set
Page 4 of 5

5. Rebased Performance
Daily Index Performance
160.0
150.0
140.0
130.0
120.0
110.0
100.0
90.0
80.0
0.4%
148.6
0.0%
118.8
(0.4%)
(0.3%)
S&P Pan Arab
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
Dubai
Jul-13
(0.3%)
Abu Dhabi
QE Index
May-12 Dec-12
Bahrain
Oct-11
Kuwait
Jan-10 Aug-10 Mar-11
(0.1%)
(0.5%)
Qatar
(0.8%)
Saudi Arabia
(0.5%)
(0.2%)
Oman
130.7
0.1%
Source: Bloomberg
Close ($)
1D%
WTD%
YTD%
Global Indices Performance
Close
1D%
WTD%
YTD%
1,251.30
0.6
0.6
(25.4)
DJ Industrial
16,072.50
0.0
0.0
22.7
20.25
1.9
1.9
(33.3)
S&P 500
1,802.48
(0.3)
(0.3)
26.3
111.00
(0.0)
(0.0)
(0.1)
NASDAQ 100
3,994.57
0.1
0.1
32.3
3.85
2.1
2.1
12.4
STOXX 600
324.18
0.4
0.4
15.9
117.13
(2.2)
(2.2)
30.9
DAX
9,299.95
0.9
0.9
22.2
140.00
(2.1)
(2.1)
(19.0)
FTSE 100
6,694.62
0.3
0.3
13.5
4,301.97
0.5
0.5
18.1
15,619.13
1.5
1.5
50.3
1.35
(0.6)
(0.6)
2.2
101.67
0.4
0.4
17.2
Nikkei
GBP
1.62
(0.3)
(0.3)
(0.5)
MSCI EM
1,010.63
0.1
0.1
(4.3)
CHF
1.10
(0.3)
(0.3)
0.7
SHANGHAI SE Composite
2,186.12
(0.5)
(0.5)
(3.7)
AUD
0.92
(0.4)
(0.4)
(11.9)
HANG SENG
23,684.40
(0.1)
(0.1)
4.5
USD Index
80.92
0.3
0.3
1.5
BSE SENSEX
20,605.10
1.9
1.9
6.1
RUB
32.96
0.6
0.6
8.0
Bovespa
52,263.50
(1.0)
(1.0)
(14.3)
BRL
0.44
(0.5)
(0.5)
(10.4)
1,433.55
(0.8)
(0.8)
(6.1)
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
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.
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