The QE index in Qatar fell 0.1% led by declines in the telecom and industrial indices. Top losers were Dlala Brok. & Inv. Holding Co. and Al Khaleej Takaful Group, falling 10.0% and 6.9% respectively. Meanwhile, the TASI index in Saudi Arabia rose 0.4% with gains in the retail and food sectors. Trading volumes on the Qatar Exchange rose by 1.6% compared to the previous day.

1. Page 1 of 6
QE Intra-Day Movement
Qatar Commentary
The QE index fell 0.1% to close at 9,640.5. Losses were led by the Telecoms
and Industrials indices, declining 0.7% each. Top losers were Dlala Brok. & Inv.
Holding Co. and Al Khaleej Takaful Group, falling 10.0% and 6.9% respectively.
Among the top gainers, Qatar General Ins. & Rein. Co. rose 5.2%, while Ezdan
Holding Group gained 2.1%.
GCC Commentary
Saudi Arabia: The TASI index rose 0.4% to close at 7,794.0. Gains were led
by the Retail and Agri. & Food Ind. indices, rising 1.7% and 1.1% respectively.
Aljazira Takaful Taawuni gained 9.9%, while North. Region Cement rose 6.0%.
Dubai: The DFM index gained 0.3% to close at 2,515.1. The Services index
rose 3.1%, while the Investment & Financial Services index was up 1.6%. Air
Arabia gained 3.2%, while National Central Cooling Co. was up 3.1%.
Abu Dhabi: The ADX benchmark index fell 0.5% to close at 3,867.6. The
Energy index declined 1.0%, while the Banking index was down 0.5%. Abu
Dhabi Ship Building Co. fell 5.5%, while RAK Properties was down 4.8%.
Kuwait: The KSE index fell 0.4% to close at 8,080.2. The Consumer Goods
index declined 1.7%, while the Telecommunication index was down 1.3%.
Amwal International Inv. Co. fell 8.3%, while Nat. Ranges Co. was down 7.9%.
Oman: The MSM index declined marginally to close at 6,713.8. The Banking &
Inv. index fell 0.2%, while the Industrial index declined marginally. Construction
Materials Ind. fell 3.9%, while ACWA Power Barka was down 2.9%.
Bahrain: The BHB index gained 0.6% to close at 1,191.2. The Industrial index
rose 3.7%, while the Commercial Banking index was up 0.4%. Aluminum
Bahrain gained 3.8%, while Bah. Ship Repairing & Engineering Co. rose 2.5%.
Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD%
Qatar General Ins. & Rein. Co. 48.90 5.2 13.9 6.3
Ezdan Holding Group 17.40 2.1 279.8 (4.4)
United Development Co. 23.85 1.3 1,189.4 34.0
Qatar & Oman Investment Co. 13.45 1.1 18.3 8.6
Doha Bank 48.70 0.8 168.9 5.0
Qatar Exchange Top Vol. Trades Close* 1D% Vol.‘000 YTD%
United Development Co. 23.85 1.3 1,189.4 34.0
Dlala Brok. & Inv. Holding Co. 24.17 (10.0) 719.7 (22.2)
Qatar Insurance Co. 61.30 0.3 475.2 13.6
Commercial Bank of Qatar 68.60 0.3 424.8 (3.2)
Qatar Islamic Bank 69.00 0.4 423.4 (8.0)
Market Indicators 29 July 13 28 July 13 %Chg.
Value Traded (QR mn) 275.2 271.1 1.5
Exch. Market Cap. (QR mn) 529,516.0 529,990.3 (0.1)
Volume (mn) 6.4 6.3 1.6
Number of Transactions 3,489 2,699 29.3
Companies Traded 40 39 2.6
Market Breadth 13:22 7:28 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 13,774.13 (0.1) (0.6) 21.8 N/A
All Share Index 2,430.82 (0.2) (0.6) 20.7 12.8
Banks 2,308.56 0.0 (0.6) 18.4 12.2
Industrials 3,196.97 (0.7) (0.7) 21.7 11.9
Transportation 1,698.91 (0.1) (0.4) 26.8 11.6
Real Estate 1,882.48 0.7 (0.6) 16.8 12.0
Insurance 2,247.65 0.8 0.8 14.5 9.3
Telecoms 1,412.48 (0.7) (1.2) 32.6 15.9
Consumer 5,675.86 (0.6) (0.8) 21.5 23.0
Al Rayan Islamic Index 2,848.03 (0.2) (0.7) 14.5 14.0
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
North. Region Cement Saudi Arabia 25.60 6.0 12,765.9 N/A
United Electronics Co. Saudi Arabia 112.50 5.9 235.6 35.5
Qatar Gen. Ins. & Rein. Qatar 48.90 5.2 13.9 6.3
Taiba Holding Co. Saudi Arabia 41.40 4.8 2,868.1 66.6
SADAFCO Saudi Arabia 94.00 4.2 103.4 45.2
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
RAKBANK Abu Dhabi 6.50 (4.4) 30.3 74.3
Kuwait Projects Co. Kuwait 0.54 (3.6) 664.6 45.4
Kuwait Foods Co. Kuwait 2.22 (3.5) 3.5 27.6
Saudi Public Trans. Co. Saudi Arabia 17.55 (2.5) 7,400.0 6.4
Al Ahli Bank Qatar 54.80 (2.1) 11.4 11.8
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%
Dlala Brok. & Inv. Holding Co. 24.17 (10.0) 719.7 (22.2)
Al Khaleej Takaful Group 41.00 (6.9) 85.2 11.8
Al Ahli Bank 54.80 (2.1) 11.4 11.8
Medicare Group 46.85 (2.1) 112.7 31.2
Gulf Warehousing Co. 41.80 (1.5) 1.2 24.8
Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD%
Qatar Islamic Bank 69.00 0.4 29,307.7 (8.0)
Qatar Insurance Co. 61.30 0.3 29,163.3 13.6
Commercial Bank of Qatar 68.60 0.3 29,107.8 (3.2)
United Development Co. 23.85 1.3 28,135.7 34.0
Industries Qatar 162.90 (0.9) 26,646.0 15.5
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* 9,640.54 (0.1) (0.6) 3.9 15.3 75.58 145,405.1 12.1 1.7 4.8
Dubai 2,515.14 0.3 (0.2) 13.2 55.0 109.53 63,210.5 15.7 1.0 3.2
Abu Dhabi 3,867.59 (0.5) (1.0) 8.9 47.0 43.00 111,503.3 11.4 1.4 4.5
Saudi Arabia 7,793.98 0.4 0.3 4.0 14.6 1,179.53 411,850.6 16.3 2.0 3.7
Kuwait 8,080.18 (0.4) (0.2) 4.0 36.2 99.39 110,677.1 22.3 1.3 3.5
Oman 6,713.83 (0.0) 0.1 5.9 16.5 22.77 23,235.4 11.1 1.7 4.1
Bahrain 1,191.20 0.6 0.2 0.3 11.8 0.28 21,288.7 8.4 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)
9,620
9,630
9,640
9,650
9,660
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00

2. Page 2 of 6
Qatar Market Commentary
 The QE index declined 0.1% to close at 9,640.5. The Telecoms
and Industrials indices led the losses. The index declined on the
back of selling pressure from non-Qatari shareholders despite
buying support from Qatari shareholders.
 Dlala Brok. & Inv. Holding Co. and Al Khaleej Takaful Group
were the top losers, falling 10.0% and 6.9% respectively. Among
the top gainers, Qatar General Ins. & Rein. Co. rose 5.2%, while
Ezdan Holding Group gained 2.1%.
 Volume of shares traded on Monday rose by 1.6 % to 6.4mn
from 6.3mn on Sunday. Further, as compared to the 30-day
moving average of 5.9mn, volume for the day was 9.1% higher.
United Development Co. and Dlala Brok. & Inv. Holding Co. were
the most active stocks, contributing 18.6% and 11.3% 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) 2Q2013
% Change
YoY
Operating Profit
(mn) 2Q2013
% Change
YoY
Net Profit (mn)
2Q2013
% Change
YoY
Emaar Properties Dubai AED 3,109.0 47.3% – – 675.0 9.9%
Ras Al Khaimah Properties
(RAK Properties)*
Abu Dhabi AED 110.5 -75.5% – – 51.1 -26.0%
Abu Dhabi Aviation* Abu Dhabi AED 782.3 -13.3% 191.4 -24.0% 94.4 -35.7%
Oman ORIX Leasing Co.
(OOLC)*
Oman OMR 3.6 24.9% – – 1.7 13.0%
Al Anwar Holding (AAH)** Oman OMR – – – – 0.9 69.1%
Muscat Finance* Oman OMR – – – – 1.9 0.1%
Oman Oil Marketing Co.
(OOMC)*
Oman OMR 147.8 6.2% – – 5.0 19.5%
National Securities Co.
(NSC)
Oman OMR 0.1 4.9% – – (0.1) 46.9%
Gulf Mushroom Products
Co. (GMPC)*
Oman OMR 3.4 12.0% – – 0.5 9.0%
Shell Oman Marketing Co.
(SOMC)*
Oman OMR 208.9 3.4% – – 6.0 -11.4%
Construction Materials
Industries & Contracting
(CMIC)
Oman OMR 1.8 -7.7% – – (0.1) N/A
Al Jazeera Steel Products
Co. (AJSPC)*
Oman OMR 46.7 -13.5% – – 2.9 5.4%
Dhofar Insurance Co. (DIC)* Oman OMR – – 2.3 10.2% 2.0 2.7%
ACWA Power Barka* Oman OMR 20.4 2.7% – – 4.1 15.0%
Source: Company data, DFM, ADX, MSM (*1H2013 result, ** Result of first quarter ended on June 30, 2013)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
07/29 US Nat. Assoc. of Realtors Pending Home Sales MoM June -0.40% -1.00% 5.80%
07/29 US Nat. Assoc. of Realtors Pending Home Sales YoY June 9.10% 8.30% 11.20%
07/29 UK Hometrack Hometrack Housing Survey MoM July 0.30% – 0.40%
07/29 UK Hometrack Hometrack Housing Survey YoY July 1.30% – 0.80%
07/29 UK Bank of England Net Consumer Credit June 0.5B 0.7B 0.8B
07/29 UK Bank of England Mortgage Approvals June 57.7K 59.7K 58.1K
07/29 UK Bank of England M4 Money Supply MoM June 0.10% 0.20% 0.00%
07/29 UK Bank of England M4 Money Supply YoY June 1.50% – -0.10%
07/29 UK CBI CBI Reported Sales July 17 10 1
07/29 Italy ISTAT Economic Sentiment July 79.6 – 76.4
07/29 Italy ISTAT Business Confidence July 91.7 91.0 90.5
07/29 China National Bureau of Stat. Leading Index June 99.6 – 99.7
07/29 Japan METI Retail Trade YoY June 1.60% 2.10% 0.80%
07/29 Japan METI Retail Sales MoM June -0.20% 0.80% 1.50%
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 71.68% 61.60% 27,732,115.74
Non-Qatari 28.32% 38.40% (27,732,115.74)

3. Page 3 of 6
News
Qatar
 IQCD net profit declines 20.7% QoQ – Industries Qatar
(IQCD) has reported a net profit of QR2bn in 2Q2013, indicating
a QoQ decrease of 20.7% (-5.1% YoY). However, net profit rose
by 13.2% YoY to QR4.6bn in 1H2013. EPS stood at QR7.55 in
1H2013 as compared to QR6.67 in 1H2012. Revenue fell by
14.4% (-10.3% YoY) to QR1.4bn in 2Q2013, while it was down
7.1% YoY to QR3.1bn in 1H2013. (IQCD Press Release)
 DBIS reports net loss of QR39.2mn in 2Q2013 – Dlala
Brokerage & Investments Holding Company (DBIS) has
reported a net loss of QR39.2mn in 2Q2013 as compared to a
net profit of QR16.5mn in 1Q2013 and QR15mn in 2Q2012.
Loss per share stood at QR1.02 in 1H2013 as compared to
earnings per share of QR1.37 in 1H2012. DBIS suffered a net
loss of QR22.6mn in 1H2013 as compared to a net profit of
QR30.3mn in 1H2012. Net brokerage & commission income
rose by 87.7% QoQ (+9.8% YoY) to QR8.6mn in 2Q2013, while
it was down 19.6% YoY to QR13.2mn in 1H2013. (QE)
 QGRI reports QR697.7mn net profit in 2Q2013 – Qatar
General Insurance & Reinsurance Company (QGRI) has
reported a net profit of QR697.7mn in 2Q2013 as compared to a
net profit of QR44.3mn in 1Q2013 and QR29.9mn in 2Q2012.
EPS stood at QR12.88 in 1H2013 as compared to QR1.18 in
1H2012. In 1H2013, net profit stood at QR742mn as compared
to QR67.6mn in 1H2012. Net premiums fell by 5% QoQ (+9.8%
YoY) to QR48.8mn in 2Q2013, while it was up 2.4% YoY to
QR100.3mn in 1H2013. (QE)
 AKHI reports QR11.8mn net profit in 2Q2013 – Al Khaleej
Takaful Group (AKHI) has reported a net profit of QR11.8mn in
2Q2013, reflecting a QoQ decrease of 28.8% (-69.4% YoY). In
1H2013, AKHI’s net profit fell by 52% YoY to QR28.3mn. EPS
stood at QR1.66 in 1H2013 versus QR4.15 in 1H2012. Total
investment & other incomes declined by 18.1% QoQ (-55.1%
YoY) to QR21.3mn in 2Q2013, while it was down by 39.1% YoY
to QR47.3mn in 1H2013. (QE)
 ERES’ net profit declines 10.6% QoQ in 2Q2013 – Ezdan
Holding Group Company (ERES) has reported a net profit of
QR226mn in 2Q2013, indicating a QoQ decline of 10.6%
(+317.2% YoY). However, ERES’ net profit rose by 141.7% YoY
to QR478.7mn in 1H2013. EPS stood at QR0.18 in 1H2013 as
compared to QR0.07 in 1H2012. Rental revenues rose by
23.6% QoQ (+88.3% YoY) to QR223.1mn in 2Q2013, while it
was up by 76.6% YoY to QR403.6mn in 1H2013. (QE)
 QIMD net profit flat in 2Q2013 – Qatar Industrial Manufacturing
Company (QIMD) reported a flat net profit of QR40.4mn QoQ (-
39.7% YoY) in 2Q2013. However, QIMD’s net profit fell by
32.1% YoY to QR80.8mn in 1H2013. EPS stood at QR2.04 in
1H2013 as compared to QR3.00 in 1H2012. Sales rose by 9.9%
QoQ (-7.4% YoY) to QR90.2mn in 2Q2013, while it was down
by 9.6% YoY to QR 172.4mn in 1H2013. (QE)
 ORDS’ subsidiary to pay $21.85mn interest to $1bn GMTN
holders – Ooredoo’s (ORDS) subsidiary, QTEL International
Finance Limited (QIFL) will pay $21.85mn as interest to the
holders of its $1bn global medium term note (GMTN) on August
21, 2013. (QE)
 CBQK applies for mandatory tender offer to acquire 4.16%
stake of ABank – The Commercial Bank of Qatar (CBQK) has
applied to the Turkish Capital Markets Board to launch the
mandatory tender offer for acquiring 4.16% stake in Alternatif
Bank (ABank). CBQK is also seeking an exemption for the
tender offer of Alternatif Yatırım Ortaklığı. (QE)
 QIMD to build QR500mn tower – Qatar Industrial
Manufacturing Company (QIMD) is set to construct a multi-use
high rise tower in Doha’s skyline with an estimated cost of
QR500mn. QIMD’s board of directors has approved the
construction of the tower at the existing location of the building
that houses the current QIMD headquarters at the Corniche.
The construction is expected to be completed in three years.
(Peninsula Qatar)
 Qatar’s first satellite Es'hail 1 ready for launch – The Qatar
Satellite Company (Es’hail Sat) has announced the arrival of its
Es'hail 1 satellite at the European Spaceport in Kourou, French
Guiana located on the north Atlantic coast of South America.
The satellite has been brought to French Guiana for its launch
on August 29. (Bloomberg)
International
 IMF approves $2.3bn aid for Greece – The IMF has approved
a further €1.7bn ($2.3bn) in funds for Greece's bailout program
after completing the fourth review. Greece last week adopted
the last piece of legislation – its international lenders were
required to release the next batch of rescue loans, after two
months of wrangling over unpopular measures to overhaul the
economy. The total funds from the IMF, the European
Commission and the European Central Bank comprise €5.8bn.
The IMF also confirmed that lenders would modify Greece's
September target for how much money it needs to get from
privatizing state firms, after the country struggled to sell natural
gas distributor DEPA in June. (Reuters)
 Hungary to pay back 2008 IMF loan by mid-August –
Hungary’s Economy Ministry said the government will pay back
the outstanding sums, worth €2.2bn, owed to the International
Monetary Fund from a 2008 bailout by August 12. The move
follows an announcement on Saturday by Prime Minister Viktor
Orban that the indebted central European country would pay off
its IMF loan earlier than planned. (Reuters)
Regional
 OPEC: 2012 exports soar on higher output – According to a
report released by the Organisation of the Petroleum Exporting
Countries (OPEC), petroleum exports jumped in value by almost
10% YoY in 2012 while the producers’ GDP climbed 12%, an
income surge that looks harder to repeat in 2013. The gains
reflect the record prices and the steadily climbing output in 2012
from many members of OPEC. The report also showed that the
value of OPEC’s petroleum exports rose to $1.26tn in 2012 from
$1.15tn in 2011, while its collective GDP at current prices
amounted to $3.35tn, up from $3tn in 2011. OPEC said
petroleum exports also included refined oil products when
applicable, as well as crude. (Gulf-Times.com)
 Tadawul market closure during Eid Alfitr holiday – The
Saudi Stock Exchange (Tadawul) has announced that the Eid
Alfitr holiday will commence at the end of the trading day on
August 05, 2013 and trading will resume after the holiday on
August 13, 2013. (Tadawul)
 Saudi crude exports to US rose in 2012 – According to a
report released by the Organization of Petroleum Exporting
Countries (OPEC), Saudi Arabia’s crude oil shipment to the US
rose in 2012 and Iran boosted its shipments to Asia to counter
falling sales to its European customers. The report showed that
the Kingdom exported 1.42mn barrels per day to the US in 2012
compared with 1.31mn bpd in 2011. Saudi exports to Europe
rose to 991,000 bpd in 2012 from 890,000 bpd in 2011. The
reported also showed that Saudi Arabia’s revenue from exports
of crude oil and other petroleum products in 2012 rose to

4. Page 4 of 6
$336.1bn in 2012, up from $319.1bn in 2011 (5.3% YoY). Saudi
shipments of crude & refined petroleum products rose 3.7% to
an average of 8.42mn bpd in 2012. Meanwhile, exports of crude
& petroleum products from all OPEC nations increased 7% in
2012 to 29.6mn bpd, equivalent to 46% of world exports.
(Bloomberg)
 SABIC, Exxon seek $1.2bn loan for Kemya petrochemicals
plant – According to sources, Saudi Basic Industries Corp
(SABIC) and Exxon Mobil Corp are seeking to borrow $1.2bn
from banks for the expansion of their JV petrochemicals project
in the Kingdom. The JV named Al-Jubail Petrochemcial
Company (Kemya) is set to raise a total of $2.2bn through a mix
of shareholder loans and bank debt. The funding will have a
tenor of ten years. (Reuters)
 Zain Saudi extends $2.3bn loan by 5 years – The Mobile
Telecommunications Company (Zain Saudi) has reached an
agreement with its creditors to extend the outstanding $2.3bn on
an Islamic loan facility by five years. The company said it has
converted its $2.4bn Islamic loan into an amortizing facility and
has repaid a portion of it from internal resources. The
outstanding $2.3bn has been extended for five years, with 25%
of the loan due in the last two years of the extended period and
the remaining 75% maturing on July 31, 2018. The Murabaha
facility – a Shari’ah-compliant cost-plus-profit arrangement –
was originally due in 2011, but has been put back multiple times.
The new credit facility sees profit margin decreased by 18% with
the possibility of further reduction going forward. The book-
runners of this facility were Al Rajhi Bank (ARB), Arab National
Bank (ANB), Banque Saudi Fransi (BSF) and Credit Agricole
CIB (CACIB). The mandated lead arrangers for this facility are
ARB, ANB, BSF, Boubyan Bank, CACIB, Gulf Bank (Kuwait),
National Bank of Kuwait and Saudi British Bank. (Tadawul)
 Al Alamiya signs agency agreement with RCIA – Al Alamiya
for Cooperative Insurance Company (AACIC) has signed an
agency agreement with Riyad Company for Insurance Agency
(RCIA), a subsidiary of Riyad Bank. Under the agreement, RCIA
will sell Al Alamiya’s insurance products for both companies and
individuals. Al Alamiya will remunerate the agency through
commissions on the gross written premiums. Al Alamiya expects
a positive impact on its gross written premium through RCIA’s
sales for the remaining period of the current calendar year.
(Tadawul)
 Sedco to distribute Islamic funds via private banks – Sedco
Capital is planning to register its Islamic funds in Switzerland
and distribute them through tie-ups with global private banks.
This is as part of Sedco’s efforts to diversify its client base
outside Saudi Arabia. Sedco’s Chief Executive Hasan Aljabri
said the firm aims to source two-thirds of its assets under
management from outside Saudi Arabia over the next four to
five years. (GulfBase.com)
 Dubai sets up committee to liquidate cancelled real estate
projects – Dubai has set up a judicial committee to liquidate the
cancelled real estate projects and make settlements pertaining
to them. The committee’s duties include reviewing and settling
complaints between real estate developers and buyers of the
projects that were cancelled. The panel will also liquidate these
projects once a final decision is made by the Real Estate
Regulatory Authority. All rulings issued by the committee are
final and cannot be appealed and they will be carried out
through Dubai Courts. (Bloomberg)
 DIA’s passenger traffic reaches 32.6mn in 1H2013 –
According to a traffic report released by Dubai Airports,
passenger traffic in the Dubai International Airport (DIA) reached
32.6mn in 1H2013, making it the busiest six months in the
airport’s history. The report showed that DIA handled a total of
5.5mn passengers in June 2013, a reflecting a YoY growth of
17.5%. The average monthly passenger traffic stood at 5.44mn
in 1H2013 as compared to 4.65mn 1H2012. In June, the top five
country destinations in terms of passenger volumes were India,
Saudi Arabia, the UK, Australia and Pakistan. Meanwhile, DIA’s
passenger traffic is expected to surpass 65.4mn by the end of
2013. (AME Info)
 Etisalat’s affiliate evinces interest in Pakistan mobile
operator – Emirates Telecommunications Corporation (Etisalat)
said its affiliate Pakistan Telecommunication Company Ltd
(PTCL) had evinced interest in bidding for mobile operator Warid
Telecom. (Reuters)
 ACW acquires Oryx Hospitality Group – UAE-based
diversified company ACW has acquired Oryx Hospitality Group
(Oryx) through its investment division – ACW Investments. The
acquisition will enable ACW to manage its portfolio of managed
apartments, retail and restaurants within the company's property
developments internally. (AME Info)
 Etihad Airways-Jet Airways’ $379mn deal gets India
approval – India’s foreign investment regulator has given its
conditional approval for a $379mn deal by Abu Dhabi-based
Etihad Airways to buy a stake in Jet Airways, paving the way for
more acquisitions in the country’s aviation sector.
(GulfBase.com)
 Dunia Finance reports revenues of AED166.4mn in 1H2013,
declares dividend – Dunia Finance has reported revenues of
AED166.4mn, up 27% YoY and a net profit of AED55.6mn, up
91% YoY in 1H2013. The company has declared an interim
dividend of AED16 per share for 1H2013, compared to the full-
year dividend of AED16 per share for FY2012. (AME Info)
 Abraaj Group signs agreement to divest 50% stake in
Turkish health insurance firm – Abraaj Group has signed an
agreement to divest its 50% shareholding in Turkish health
insurance firm Acıbadem Sağlık ve Hayat Sigorta to Khazanah
Nasional Berhad, the strategic investment fund of the
Government of Malaysia. (AME Info)
 FGB sees robust loan growth in 2013 – Abu Dhabi-based
First Gulf Bank CEO Andre Sayegh is expecting strong loan
growth in 2013, as the company looks to bolster wholesale
banking operations as well as expand its presence overseas.
(Gulf-Times.com)
 NSC shareholders approve capital reduction – National
Securities Company’s (NSC) shareholders have approved the
reduction in the company’s capital from OMR2.50mn to
OMR1.25mn by omitting the accumulated loss and subsequently
increasing it to OMR2mn by issuing 7.5mn shares with a
nominal value of 100 baisa per share via a private placement.
The shareholders also approved increasing the board of
directors members from six to seven. (MSM)
 AUB reports net profit of $403mn in 1H2013 – Ahli United
Bank (AUB) reported a net profit of $403mn in 1H2013. This
included an exceptional gain of $212.9mn on the divestiture of
its 29.4% stake in Ahli Bank Qatar. Excluding this non-recurring
exceptional gain, the bank reported a net profit of $190.1mn in
1H2013, indicating a YoY increase of 9.9%. Basic earnings per
share stood at 7.4 cents in 1H2013 as compared to 3.2 cents in
1H2012. Net interest income rose by 9.4% YoY to $335.8mn in
1H2013. Total assets at the end of June 30 stood at $31.4bn,
reflecting a YTD increase of 5%. Customer deposits were up by
14.9% YTD to $20.9bn, while loan portfolio grew by 3.4% YTD
as of June 30, 2013. (Bahrain Bourse)

5. Page 5 of 6
 CBB weekly issue of T-bills oversubscribed by 155% – The
Central Bank of Bahrain’s (CBB) issue of BHD35mn government
treasury bills this week has been oversubscribed by 155%.
These bills carry a maturity of 91 days and the maturity date is
October 30, 2013. The weighted average rate of interest is
0.74%, as compared to 0.69% for the previous issue on July 17,
2013. (AME Info)

6. 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 6 of 6
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
QEIndex S&PPan Arab S&PGCC
0.4%
(0.1%)
(0.4%)
0.6%
(0.0%)
(0.5%)
0.3%
(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 1,328.02 (0.4) (0.4) (20.7) DJ Industrial 15,521.97 (0.2) (0.2) 18.5
Silver/Ounce 19.87 (0.7) (0.7) (34.5) S&P 500 1,685.33 (0.4) (0.4) 18.2
Crude Oil (Brent)/Barrel 109.36 0.0 0.0 (3.1) NASDAQ 100 3,599.14 (0.4) (0.4) 19.2
Natural Gas (Henry
Hub)/MMBtu
3.49 (0.0) (0.0) 4.7 STOXX 600 299.06 0.1 0.1 6.9
LPG Propane (Arab Gulf)/Ton 810.00 0.0 0.0 (16.4) DAX 8,259.03 0.2 0.2 8.5
LPG Butane (Arab Gulf)/Ton 807.00 0.0 0.0 (16.7) FTSE 100 6,560.25 0.1 0.1 11.2
Euro 1.33 (0.1) (0.1) 0.5 CAC 40 3,968.91 0.0 0.0 9.0
Yen 97.96 (0.3) (0.3) 12.9 Nikkei 13,661.13 (3.3) (3.3) 31.4
GBP 1.53 (0.3) (0.3) (5.6) MSCI EM 953.86 (0.8) (0.8) (9.6)
CHF 1.07 (0.3) (0.3) (1.7) SHANGHAI SE Composite 1,976.31 (1.7) (1.7) (12.9)
AUD 0.92 (0.6) (0.6) (11.4) HANG SENG 21,850.15 (0.5) (0.5) (3.6)
USD Index 81.66 0.0 0.0 2.4 BSE SENSEX 19,593.28 (0.8) (0.8) 0.9
RUB 32.81 (0.0) (0.0) 7.5 Bovespa 49,212.33 (0.4) (0.4) (19.3)
BRL 0.44 (0.5) (0.5) (9.5) RTS 1,341.34 (0.5) (0.5) (12.2)
138.5
122.3
111.4