1. Page 1 of 5
QE Intra-Day Movement
Qatar Commentary
The QE index rose 0.4% to close at 9,086.9. Gains were led by the Insurance
and Real Estate indices, gaining 2.4% and 0.9% respectively. Top gainers were
Islamic Holding Group and Qatar Insurance Co., rising 6.3% and 4.0%
respectively. Among the top losers, Al Khaleej Takaful Group fell 2.2%, while
Zad Holding Co. declined 2.0%.
GCC Commentary
Saudi Arabia: The TASI index declined 0.2% to close at 7,319.8. Losses were
led by the Retail and Telecommunication & Information Technology indices,
declining 0.6% and 0.5% respectively. Etihad Atheeb Telecommunication Co.
fell 4.1%, while Saudi Arabian Cooperative Insurance Co. was down 2.7%.
Dubai: The DFM index fell 1.1% to close at 2,281.3. The Telecommunication
index declined 1.7%, while the Real Estate & Construction index was down
1.4%. Gulf General Investment Co. fell 3.1%, while Dubai Islamic Bank was
down 2.5%.
Abu Dhabi: The ADX benchmark index declined 1.0% to close at 3,427.2. The
Energy index fell 2.3%, while the Banking index was down 2.0%. International
Fish Farming Holding Co. declined 9.8%, while Dana Gas was down 3.4%.
Kuwait: The KSE index gained 2.1% to close at 8,322.0. Gains were led by
the Real Estate and Financial Services indices, rising 3.9% and 2.1%
respectively. Real Estate Asset Management Co. and Sharjah Cement &
Industrial Development rose 10.0% each.
Oman: The MSM index rose 0.2% to close at 6,374.8. The Banking &
Investment index gained 0.4%, while the Services & Insurance index was up
0.3%. Al Anwar Holding rose 5.8%, while Sohar Power was up 4.2%.
Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD%
Islamic Holding Group 41.05 6.3 503.0 8.0
Qatar Insurance Co. 65.00 4.0 170.9 20.5
Qatar Industrial Manufacturing Co. 52.20 2.4 7.0 (1.7)
Barwa Real Estate Co. 26.20 1.9 1,200.2 (4.6)
Qatar Meat & Livestock Co. 60.20 1.9 210.1 2.4
Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD%
United Development Co. 21.38 (0.6) 1,835.6 20.1
Barwa Real Estate Co. 26.20 1.9 1,200.2 (4.6)
Qatar Gas Transport Co. 17.60 0.6 719.9 15.3
Islamic Holding Group 41.05 6.3 503.0 8.0
Gulf International Services 41.30 1.2 462.3 37.7
Market Indicators 26 May 13 23 May 13 %Chg.
Value Traded (QR mn) 329.8 321.8 2.5
Exch. Market Cap. (QR mn) 503,220.7 501,914.8 0.3
Volume (mn) 9.1 7.6 19.5
Number of Transactions 4,843 4,370 10.8
Companies Traded 38 39 (2.6)
Market Breadth 22:11 8:26 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 12,983.09 0.4 0.4 14.8 N/A
All Share Index 2,311.35 0.4 0.4 14.7 12.5
Banks 2,140.59 0.4 0.4 9.8 11.6
Industrials 3,130.55 0.3 0.3 19.2 11.6
Transportation 1,659.82 0.8 0.8 23.8 11.7
Real Estate 1,776.72 0.9 0.9 10.2 11.8
Insurance 2,322.18 2.4 2.4 18.3 13.6
Telecoms 1,266.47 (0.4) (0.4) 18.9 14.6
Consumer 5,541.83 (0.1) (0.1) 18.7 19.1
Al Rayan Islamic Index 2,757.14 0.6 0.6 10.8 13.8
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
Albaraka Group Bahrain 0.82 9.3 100.7 10.1
Tabuk Cement Saudi Arabia 31.30 8.3 1,402.4 29.1
Saudi Res. & Mar. Saudi Arabia 20.95 6.3 1,059.3 (12.5)
Investbank Abu Dhabi 2.31 5.0 500.0 42.6
Nat. Real Estate Co. Kuwait 0.19 4.4 6,614.2 50.8
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
Etihad Atheeb Teleco. Saudi Arabia 13.00 (4.1) 9,424.8 1.6
Dana Gas Abu Dhabi 0.57 (3.4) 17,940.1 26.7
First Gulf Bank Abu Dhabi 13.95 (3.1) 1,729.6 20.3
Abu Dhabi Com. Bank Abu Dhabi 4.80 (2.8) 182.5 59.5
Kuwait Cement Co. Kuwait 0.35 (2.8) 7.8 (21.2)
Source: Bloomberg (
#
in Local Currency) (
##
GCC Top gainers/losers derived from the Bloomberg GCC
200 Index comprising of the top 200 regional equities based on market capitalization and liquidity)
Qatar Exchange Top Losers Close* 1D% Vol. ‘000 YTD%
Al Khaleej Takaful Group 40.60 (2.2) 21.1 10.7
Zad Holding Co. 58.60 (2.0) 0.2 (0.3)
Qatar German Co. for Med. Dev. 14.50 (1.0) 361.6 (1.9)
Doha Insurance Co. 25.60 (0.8) 16.2 4.3
United Development Co. 21.38 (0.6) 1,835.6 20.1
Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD%
United Development Co. 21.38 (0.6) 39,439.8 20.1
Barwa Real Estate Co. 26.20 1.9 31,378.2 (4.6)
Al Meera Consumer Goods Co. 134.30 1.7 25,971.4 9.7
Industries Qatar 165.50 0.2 22,485.3 17.4
Islamic Holding Group 41.05 6.3 20,670.6 8.0
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* 9,086.90 0.4 0.4 4.7 8.7 90.58 138,184.4 11.5 1.6 5.1
Dubai 2,281.27 (1.1) (1.1) 6.8 40.6 193.38 63,708.5 14.6 0.9 3.7
Abu Dhabi 3,427.20 (1.0) (1.0) 4.7 30.3 68.38 101,258.8 10.5 1.2 5.1
Saudi Arabia 7,319.82 (0.2) (0.6) 2.0 7.6 1,552.15 392,882.1 15.6 1.9 3.8
Kuwait 8,321.99 2.1 2.1 12.0 40.2 403.93 111,736.4 25.5 1.4 3.2
Oman 6,374.76 0.2 0.2 4.0 10.7 59.13 22,452.5 11.1 1.7 4.4
Bahrain 1,180.33 0.8 0.8 6.9 10.8 1.58 21,034.9 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)
9,020
9,040
9,060
9,080
9,100
9,120
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 9,086.9. The Insurance and
Real Estate indices led the gains. The index rose on the back of
buying support from Qatari shareholders despite selling pressure
from non-Qatari shareholders.
 Islamic Holding Group and Qatar Insurance Co. were the top
gainers, rising 6.3% and 4.0% respectively. Among the top
losers, Al Khaleej Takaful Group fell 2.2%, while Zad Holding Co.
declined 2.0%.
 Volume of shares traded on Sunday rose by 19.5% to 9.1mn
from 7.6mn on Thursday. Further, as compared to the 30-day
moving average of 8.5mn, volume for the day was 7.4% higher.
United Development Co. and Barwa Real Estate Co. were the
most active stocks, contributing 20.2% and 13.2% to the total
volume respectively.
Source: Qatar Exchange (* as a % of traded value)
Ratings
Ratings Updates
Company Agency Market Type* Old Rating New Rating Rating Change Outlook Outlook Change
Qatar Islamic Bank
(QIBK)
Fitch Qatar LT IDR/ VR A/bbb A/bbb – Stable –
Source: News reports (* LT – Long Term, ST – Short Term, FSR- Financial Strength Rating, FCR – Foreign Credit Rating, LCR – Local Currency Rating, IDR – Issuer Default Rating)
News
Qatar
 EIU: Qatar’s real growth to remain high – According to a
report by the Economist Intelligence Unit (EIU), Qatar’s real
economic growth will remain high, averaging 5.7% during 2012-
2030, with potential bursts of high growth if further gas export
projects are approved by the government after its moratorium on
new deals expires. However, the country’s real economic growth
is unlikely to come near to the rapid rates generated by the huge
gas industrialization program in recent years. The report said
diversification of the country’s services sector, funded by its
hydrocarbon wealth, will provide opportunities for growth. The
report also said that population will continue to grow, largely
through influx of foreign workers, from 1.94mn to around 4.3mn
in 2030. The report also showed that with the expansion of LNG
output completed for now, real GDP growth will be a robust
5.4% during 2013-2017. Moreover, growth will be driven by non-
oil sectors and underpinned by fiscal expansion. (Gulf-
Times.com)
 Ooredoo eyes Myanmar for new business, raises $12bn to
buy Maroc Telecom – Ooredoo (formerly QTEL) CEO Nasser
Marafih said the company is planning to bid for a telecom
license in Myanmar next month since it is one of the last
untapped markets as the country’s mobile phone penetration is
just about 5%. He also said that Ooredoo is in talks with
regulators in Iraq and Algeria for acquiring 3G mobile phone
licenses, and hopes they will issue the licenses in 2013.
Meanwhile, the company has also raised $12bn to finance its
bid for a majority stake in Maroc Telecom as it seeks to expand
through acquisitions. The company mentioned that it is also
planning to focus on buying telecom operators overseas after
expanding its holding in various companies in Kuwait, Iraq and
Tunisia. (Bloomberg, Qatar Tribune)
 Ooredoo retires $1.3bn credit facility – Ooredoo (formerly
QTEL) has retired its $1.3bn revolving credit facility and has
replaced it with a previously announced $1bn facility. The
remaining $250mn was repaid using existing cash balances.
(QE)
 Fitch affirms QIBK’s IDR and VR ratings; outlook Stable –
Fitch has affirmed Qatar Islamic Bank’s (QIBK) long-term Issuer
Default Rating (IDR) at “A” with a Stable outlook and Viability
Rating (VR) at “bbb”. (AME Info)
 ERES building 50,000 housing units – Ezdan Real Estate
Company (ERES) Chairman Sheikh Dr Khalid bin Thani al-Thani
said the company is currently engaged in the construction of
more than 50,000 housing units across the country to serve
visitors coming to Doha to take part in FIFA World Cup 2022.
(Gulf-Times.com)
 Century 21 Qatar Chairman: 80,000 residential units coming
up for low-income expatriates – Century 21 Qatar Chairman
Mana Ibrahim al-Mana said a multi-billion riyal mixed-use project
named “West End Park” comprising 80,000 residential units is
being built for low-income workers at the eastern side of the
Industrial Area. He added that the first-phase of the project is
scheduled to open in 3Q2013 and the entire project is expected
to be completed by the end of 2014. (Gulf-Times.com)
 Work on 20 new operating theatres begins at Hamad – The
construction work on 20 new state-of-the-art operating theatres
at the Hamad General Hospital has commenced. Expected to be
ready by 2015, the new surgery center will also replace the
existing 11 theatres in use. (Gulf-Times.com)
 New Carrefour Market opens in Ezdan Mall – Carrefour has
opened its latest Carrefour Market outlet in Qatar at the Ezdan
Mall in Gharrafa. (Gulf-Times.com)
 Qatar ranks high for green standards in real estate –
According to figures released by Gulf Organization for Research
& Development (GORD), Qatar has emerged as one of the most
advanced countries in terms of applying sustainability criteria to
real estate projects in cities. GORD mentioned that the
environment friendly cities’ area in Qatar amounts to more than
500mn square feet, the largest in the Middle East. These cities
include Lusail, the Ministry of Interior’s Lekhwiya City, and
Barwa City. (Gulf-Times.com)
Overall Activity Buy %* Sell %* Net (QR)
Qatari 75.68% 68.57% 23,445,285.43
Non-Qatari 24.32% 31.43% (23,445,285.43)

3. Page 3 of 5
International
 BoJ Governor: Pain from bond yield rise is manageable –
The Bank of Japan (BoJ) Governor Haruhiko Kuroda said the
country's financial institutions have sufficient buffers against
losses they may be incurred due to rise in bond yields, as long
as the market moves are driven by prospects of an economic
recovery. He said the central bank will be vigilant on any signs
of asset price overheating or excessive risk-taking by financial
institutions. He mentioned that there were no such signs as of
now. (Reuters)
 China, EU to discuss trade disputes today – China will hold
informal talks with the European Commission today to try to
defuse a trade row over solar panels and wireless equipment.
The European Union accuses China of pricing its solar panels
and mobile telecom devices too cheaply and dumping them in
Europe to corner the market. It plans to impose duties on
Chinese panel makers. China denied the allegations and said
the EU plans would harm others without benefiting oneself.
(Reuters)
 BoJ’s April 26 meeting saw rift over ambitious price goal –
The minutes of the Bank of Japan's (BoJ) meeting on April 26,
2013 showed a rift developing within the board over its
ambitious stimulus plan. A few policymakers have opposed
targeting 2% inflation in two years and called for more flexibility
in guiding monetary policy. The board also engaged in
considerable debate over the bond market volatility after BoJ's
monetary easing on April 4. (Reuters)
Regional
 Dallah Healthcare acquires land to construct a hospital –
Dallah Healthcare Holding Company has completed the
purchase of a plot of land in west Riyadh with a total price of
SR59.5mn to build a general hospital. (Tadawul)
 SEC to spend $32bn in 2 years for steady power supply –
The Saudi Electricity Company (SEC) CEO Ali al-Barrak said
the company is planning to spend $32bn on new projects to
provide steady power supply to all its customers and maintain
8% surplus output capacity by 2015. (Bloomberg)
 HOYER sets up JV in Saudi Arabia – HOYER, a logistics
group is setting up a JV with Saudi Arabia-based Globe Marine
Group and UAE-based Sharaf Group. The new JV will be
branded as “HOYER Saudi Arabia”, which will coordinate
intermodal liquid bulk transportation across Saudi Arabia and
the GCC region. (AME Info)
 IEA: UAE April oil output unchanged at 2.7mn bpd –
According to figures released by the International Energy
Agency (IEA), the UAE’s oil output in April stood at 2.7mn bpd,
unchanged from March 2013. IEA said the country had a
sustainable oil production capacity of 2.9mn bpd and its average
crude supply for 1Q2013 stood at 2.7mn bpd. (Bloomberg)
 DHA plans 3 hospitals, 40 health centers – The Dubai Health
Authority (DHA) has chalked out a detailed health strategy for
the Emirate, which includes construction of three new hospitals
and 40 primary healthcare centers across key areas. DHA plan
also includes the AED3bn Rashid Hospital featuring six new
specialized health centers, one four-star hotel, a five-star hotel,
villas and flats for staff accommodation, along with a mosque,
lake way, landscaping, open spaces for children and families.
(Bloomberg)
 Amaanah sets up $120mn UK property fund – UK-based
investment & asset management firm Amaanah Investment
Group (Amaanah) has set up a $120mn Shari’ah-compliant fund
aimed at Gulf investors seeking to invest in prime properties in
London. Amaanah aims to close its first purchase in the coming
months. The size of the fund currently stands at £30mn, while
the company aims to cap this at £80m by 2013.
 CBD repays AED1.5bn of government support funds – The
Commercial Bank of Dubai (CBD) has repaid AED1.5bn worth of
support from the UAE government, which it had received in the
wake of the global financial crisis. CBD said the deposits were
originally scheduled to mature in December 2016. (Reuters)
 MAF seeks $500mn from hybrid bond – Majid Al Futtaim
Holding (MAF) is looking to raise at least $500mn from the issue
of a hybrid debt bond to finance its purchase of the French
hypermarket chain Carrefour's stake in a regional venture.
(Reuters)
 DIC selected Rajhi Construction to work on its AED100mn
project – The Dubai Industrial City (DIC) has selected Rajhi
Construction Company to work on its industrial real estate
project valued AED100mn. DIC expects the project to be
completed in 2014. (AME Info)
 RSA Logistics, TALKE Group sign JV deal in Dubai – Dubai-
based RSA Logistics and German-based chemical logistics
company TALKE Group have formed a JV in the UAE named
“RSA-TALKE” with 50% stake each. RSA-TALKE will operate as
a chemicals storage facility in Dubai Logistics City, offering
logistics services for the entire Gulf region. (AME Info)
 Abu Dhabi wealth fund cutting reliance on external fund
managers – Abu Dhabi Investment Authority is curbing reliance
on outside fund managers and reducing holdings in developed-
world shares in favor of emerging market investments. In its
annual report the fund said it counts on external investors to
manage about 75% of assets in 2012, down from 80% in 2011.
(Bloomberg)
 Emaar opens sale of Burj Vista II – Emaar Properties has
launched the sale of its second tower in Burj Vista, Downtown
Dubai. (AME Info)
 Nakheel announces tender for Ibn Battuta Mall expansion –
Dubai-based developer Nakheel has announced the tender for
the expansion of Ibn Battuta Mall, a new 28,000 square meter
retail space that will add another 150 shops to the existing Ibn
Battuta complex. (AME Info)
 Al Maabar awards Arabtec $197mn project in Jordan – AI
Maabar International Investment has awarded Arabtec
Construction a contract worth $197mn to build “The St. Regis
Amman and The Residences” at its St. Regis Amman project in
Jordan. Work on the project will be completed in 33 months and
Arabtec will commence construction in July 2013. (DFM)
 CWM awards AED770mn cleaning service contracts – Abu
Dhabi’s Center of Waste Management (CWM) has awarded two
contracts worth over AED770mn to sanitation service providers.
The new five-year contracts stipulate specific technical
procedures for reducing waste at source, maximizing recycling
practices and decreasing waste transferred to landfills, which
are key priorities for CWM. (Bloomberg)
 Hilton Worldwide to introduce second hotel in Abu Dhabi –
Hilton Worldwide is set to open a new Hilton Hotels & Resorts
branded hotel in Abu Dhabi. The hotel is currently known as Abu
Dhabi Al Maqta, which will be rebranded and reopened as
“Hilton Abu Dhabi Capital Grand” in summer 2013. (AME Info)
 SHA implements new health scheme to start from June
2013 – The Sharjah Health Authority (SHA) has announced the
introduction of a new health insurance scheme from June 1,

4. Page 4 of 5
2013. Once the new system is effective, old insurance cards will
become invalid after May 31, 2013. (AME Info)
 ADIB-Egypt arranges Egypt’s first Ijara syndication – Abu
Dhabi Islamic Bank of Egypt (ADIB-Egypt) has arranged for the
first Islamic Ijara structure syndication worth $150mn for
Maridive & Oil Services Company. ADIB-Egypt has acted as the
initial mandated lead arranger and signed the syndicated facility
with ADIB-Emirates, Arab African International Bank, Banque du
Caire and the Arab International Bank. ADIB Egypt has also
assumed the facility and security agent roles. (GulfBase.com)
 Kuwait to generate 15% power from renewable sources by
2030 – Kuwait is keen on pursuing a sustainability power plan
that includes generating 15% of its electricity from renewable
resources by 2030. (AME Info)
 Kuwait Airways signs accord with IATA to help sale
process – Kuwait Airways Company has signed an agreement
with the International Air Transport Association (IATA) to help
prepare the airline for sale. The agreement will also aid the
airline’s current process of restructuring and development over
the next five years. (Bloomberg)
 Jazeera Airways to receive new Airbus A320 in June –
Jazeera Airways Group has announced that it will take delivery
of a new Airbus A320 aircraft from the manufacturer's facility in
Toulouse, France in early June 2013, increasing the total
number of its fleet to 13 aircraft. (AME Info)
 NCSI: ORPIC’s production decline 19% YoY in 1Q2013 –
According to a report by the National Centre for Statistics &
Information (NCSI), the production at Oman Oil Refineries &
Petroleum Industries Company (ORPIC) declined by 19% YoY
to 16.6mn barrels in 1Q2013, compared with 20.5mn barrels in
1Q2012. (Bloomberg)
 HSBC Oman exits merchant acquiring business – HSBC
Bank Oman has exited from its Oman-based merchant acquiring
business, “Point of Sales” and has signed a referral agreement
with Bank Muscat to help merchants with a smooth transition to
a new service provider. (MSM)
 PDO inks $30mn deal with Schlumberger – Petroleum
Development Oman (PDO) has signed a $30mn five-year
contract with Schlumberger to increase the quantity of Omani-
made materials used in the oil & gas sector. PDO said the deal
covers the manufacturing & reconditioning of completions, gas
lift equipment & accessories used to extract hydrocarbons, with
Schlumberger committing to support local manufacturers for
developing their capability to supply the orders. (Bloomberg)
 Al Anwar announces proposal of its Al Maha Ceramics IPO
– Al Anwar Holding has announced that its associate, Al Maha
Ceramics Company’s board has decided to recommend an IPO
of its 40% stake held by existing shareholders in 2013. (MSM)
 SPC announces start of partial sale, purchase of shares –
Sohar Power Company (SPC) has begun the process to transfer
shares constituting 20% of its total share capital from WJ Towell
& Company, Zubair Corporation and Kahrabel to MENA Sohar 1
SPV Ltd, which is expected to be completed by May 29, 2013.
(MSM)
 MEDC awards meters supply contract to ONEIC – The
Muscat Electricity Distribution Company (MEDC) has awarded
Oman National Engineering & Investment Company (ONEIC) a
contract worth OMR0.6mn for the supply of 12,000 single phase
meters and 12,000 three phase meters. (MSM)
 Taageer Finance to renegotiate offer with Ahli Bank –
Taageer Finance Company’s board of directors has decided to
negotiate the acquisition offer with Ahli Bank by May 31, 2013.
(MSM)
 Takamul Investment, Sembcorp form JV with OMR1mn
capital – Takamul Investment Company’s Director for the
Development of Industrial Utilities Project Abdullah bin
Mohammed al-Hashmi said that a JV has been established
between Takamul Investment and Sembcorp Industries of
Singapore with a capital of OMR1mn. He stated that the capital
will be revised based on the requirements of future projects. He
also said that the JV was established with an aim to develop the
industrial utilities at the Special Economic Zone Authority of
Duqm (SEZAD) and other industrial zones in the country.
(Bloomberg)
 EWA signs BHD15.7mn contracts for water, power upgrade
– Bahrain’s Electricity & Water Authority (EWA) has concluded
two contracts worth around BHD15.7mn for the supply of
materials to upgrade water and power transmission networks.
EWA CEO Shaikh Nawaf bin Ibrahim Al Khalifa said the
authority has sealed a BHD6.7mn deal with Indian Electrosteel
Castings Company and another contract worth BHD9mn with
Salman Trading Company for supplies. (Bloomberg)
 Nass Contracting gets BHD1.5mn contract from Ministry of
Housing – Nass Contracting Comapny has received letter of
awards amounting to BHD1.5mn from Bahraini Ministry of
Housing for construction of townhouses at Lawzi Lake. (Bahrain
Bourse)

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 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13
QE Index S&P Pan Arab S&P GCC
(0.2%)
0.4%
2.1%
0.8%
0.2%
(1.0%) (1.1%)(1.6%)
(0.8%)
0.0%
0.8%
1.6%
2.4%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD%
Gold 1,386.65 0.0 0.0 (17.2) DJ Industrial 15,303.10 0.0 0.0 16.8
Silver 22.40 0.0 0.0 (26.2) S&P 500 1,649.60 0.0 0.0 15.7
Crude Oil (Brent) 102.26 0.0 0.0 (9.4) NASDAQ 100 3,459.14 0.0 0.0 14.6
Euro 1.29 0.0 0.0 (2.0) DAX 8,305.32 0.0 0.0 9.1
Yen 101.31 0.0 0.0 16.8 FTSE 100 6,654.34 0.0 0.0 12.8
GBP 1.51 0.0 0.0 (6.9) CAC 40 3,956.79 0.0 0.0 8.7
CHF 1.04 0.0 0.0 (4.8) Nikkei 14,612.45 0.0 0.0 40.6
AUD 0.97 0.0 0.0 (7.1) Shanghai 2,288.53 0.0 0.0 0.9
USD Index 83.70 0.0 0.0 4.9 BSE Sensex 19,704.33 0.0 0.0 1.4
RUB 31.38 0.0 0.0 2.8 Bovespa 56,406.21 0.0 0.0 (7.5)
BRL 0.49 0.0 0.0 (0.0) RTS 1,388.52 0.0 0.0 (9.1)
130.6
116.7
107.4