The QE index in Qatar declined 0.4% led by losses in the real estate and banking indices. Top losers were Doha Insurance and Mannai Corp. Volume traded declined compared to the previous day but was higher than the 30-day average. In other GCC markets, indices were mixed with Saudi Arabia down slightly while Kuwait gained. Earnings news included a 29.2% rise in QFLS net profit QoQ and QNB opening an office in China. Regional hotel occupancy in Qatar rose to 67% with continued growth in visitor numbers. Energy City Qatar is revising plans to become a mixed-use development.

1. Page 1 of 5
QE Intra-Day Movement
Qatar Commentary
The QE index declined 0.4% to close at 9,654.6. Losses were led by the Real
Estate and Banking & Financial Services indices, declining 1.3% and 0.6%
respectively. Top losers were Doha Insurance Co. and Mannai Corp, falling
3.2% and 2.6% respectively. Among the top gainers, Gulf International
Services rose 1.7%, while Qatar Islamic Bank gained 0.9%.
GCC Commentary
Saudi Arabia: The TASI index fell 0.1% to close at 7,763.1. Losses were led
by the Transport and Multi-Inv. indices, declining 1.1% and 0.7% respectively.
Qassim Cement Co. fell 5.1%, while Saudi Public Trans. Co. was down 4.0%.
Dubai: The DFM index declined 0.5% to close at 2,506.8. The Inv. & Fin. Ser.
index fell 1.3%, while the Real Estate & Cons. index was down 1.0%. Agility
Public Warehousing Co. declined 10.0%, while Tamweel was down 4.1%.
Abu Dhabi: The ADX benchmark index fell 0.6% to close at 3,885.1. The
Energy index declined 1.3%, while the Real Estate index was down 1.1%. RAK
Cement Co. fell 3.9%, while Abu Dhabi Nat. Co. for B & M was down 3.1%.
Kuwait: The KSE index gained 0.2% to close at 8,111.4. The Basic Material
index rose 1.5%, while the Real Estate index was up 0.7%. Osoul Investment
Co. gained 7.6%, while First Dubai for Real Estate Dev. was up 7.4%.
Oman: The MSM index rose 0.1% to close at 6,714.2. Gains were led by the
Services & Insurance and Industrial indices, rising 0.4% and 0.3%
respectively. The Financial Corp. rose 9.1%, while Dhofar Uni. was up 5.5%.
Bahrain: The BHB index declined 0.4% to close at 1,184.0. The Investment
index fell 0.7%, while the Commercial Banking index was down 0.5%. Gulf
Finance House declined 6.9%, while Nat. Bank of Bahrain was down 2.4%.
Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD%
Gulf International Services 46.80 1.7 153.3 56.0
Qatar Islamic Bank 68.70 0.9 275.6 (8.4)
Doha Bank 48.30 0.7 722.5 4.2
Ezdan Holding Group 17.05 0.4 1.9 (6.3)
Qatar Insurance Co. 61.10 0.3 354.0 13.3
Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD%
United Development Co. 23.54 (1.5) 2,196.6 32.2
Doha Bank 48.30 0.7 722.5 4.2
Barwa Real Estate Co. 26.65 (1.3) 676.2 (2.9)
Qatar Insurance Co. 61.10 0.3 354.0 13.3
Masraf Al Rayan 27.95 (0.5) 327.4 12.7
Market Indicators 28 July 13 25 July 13 %Chg.
Value Traded (QR mn) 271.1 305.1 (11.1)
Exch. Market Cap. (QR mn) 529,990.3 531,962.3 (0.4)
Volume (mn) 6.3 7.1 (10.9)
Number of Transactions 2,699 3,524 (23.4)
Companies Traded 39 39 0.0
Market Breadth 7:28 20:15 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 13,794.13 (0.4) (0.4) 21.9 N/A
All Share Index 2,435.39 (0.4) (0.4) 20.9 13.1
Banks 2,307.54 (0.6) (0.6) 18.4 12.1
Industrials 3,218.33 (0.0) (0.0) 22.5 12.0
Transportation 1,700.84 (0.3) (0.3) 26.9 11.7
Real Estate 1,868.61 (1.3) (1.3) 15.9 11.9
Insurance 2,228.77 (0.0) (0.0) 13.5 15.0
Telecoms 1,422.52 (0.5) (0.5) 33.6 16.1
Consumer 5,709.02 (0.3) (0.3) 22.2 23.0
Al Rayan Islamic Index 2,854.30 (0.4) (0.4) 14.7 14.0
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
Abu Dhabi Nat. Hotels Abu Dhabi 2.39 4.8 530.4 35.0
North. Region Cement Saudi Arabia 24.15 4.3 11,829.4 N/A
Al Tayyar Travel Group Saudi Arabia 83.25 3.4 1,254.7 97.4
SPIMACO Saudi Arabia 54.25 3.3 837.6 24.1
Aramex Dubai 2.64 3.1 1,010.0 32.0
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
Qassim Cement Saudi Arabia 83.50 (5.1) 466.0 3.7
Saudi Public Trans. Co. Saudi Arabia 18.00 (4.0) 20,643.2 9.1
Comm. Facilities Co. Kuwait 0.30 (3.2) 5.0 (13.0)
Arabtec Holding Co. Dubai 2.18 (3.1) 66,614.5 17.2
Comm. Bank of Kuwait Kuwait 0.70 (2.8) 0.1 (1.4)
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%
Doha Insurance Co. 25.65 (3.2) 0.6 4.5
Mannai Corp 84.60 (2.6) 0.0 4.4
Islamic Holding Group 41.50 (1.9) 7.5 9.2
United Development Co. 23.54 (1.5) 2,196.6 32.2
Medicare Group 47.85 (1.4) 127.0 34.0
Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD%
United Development Co. 23.54 (1.5) 52,100.6 32.2
Doha Bank 48.30 0.7 34,814.9 4.2
Industries Qatar 164.30 0.2 31,758.0 16.5
Qatar Insurance Co. 61.10 0.3 21,649.7 13.3
Commercial Bank of Qatar 68.40 (1.4) 20,405.5 (3.5)
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* 9,654.55 (0.4) (0.4) 4.1 15.5 68.12 145,535.3 12.1 1.7 4.8
Dubai 2,506.82 (0.5) (0.5) 12.8 54.5 143.65 63,136.9 15.7 1.0 3.2
Abu Dhabi 3,885.08 (0.6) (0.6) 9.4 47.7 64.79 111,713.7 11.5 1.4 4.5
Saudi Arabia 7,763.14 (0.1) (0.1) 3.6 14.1 1,196.94 410,357.7 16.2 2.0 3.7
Kuwait 8,111.40 0.2 0.2 4.4 36.7 91.67 111,057.1 22.4 1.3 3.5
Oman 6,714.17 0.1 0.1 5.9 16.5 11.68 23,228.0 11.1 1.7 4.1
Bahrain 1,184.01 (0.4) (0.4) (0.3) 11.1 0.65 21,183.5 8.3 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)
9,640
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 0.4% to close at 9,654.6. The Real
Estate and Banking & Financial Services indices led the losses.
The index declined on the back of selling pressure from non-
Qatari shareholders despite buying support from Qatari
shareholders.
 Doha Insurance Co. and Mannai Corp were the top losers, falling
3.2% and 2.6% respectively. Among the top gainers, Gulf
International Services rose 1.7%, while Qatar Islamic Bank
gained 0.9%.
 Volume of shares traded on Sunday declined by 10.9% to 6.3mn
from 7.1mn on Thursday. However, as compared to the 30-day
moving average of 6.1mn, volume for the day was 2.5% higher.
United Development Co. and Doha Bank were the most active
stocks, contributing 34.9% and 11.5% to the total volume
respectively.
Source: Qatar Exchange (* as a % of traded value)
Earnings
Earnings Releases
Company Market Currency
Revenue
(mn) 2Q2013
% Change
YoY
Operating Profit
(mn) 2Q2013
% Change
YoY
Net Profit (mn)
2Q2013
% Change
YoY
Orient Insurance Co. (OIC) Dubai AED 455.6 5.6% – – 54.8 -4.7%
Ras Al Khaimah Cement Co.
(RAK Cement)
Abu Dhabi AED 63.4 -13.4% – – 0.6 -89.3%
Mobile Telecommunications
Co. (Zain Group)*
Kuwait KD 612.0 N/A – – 113.0 N/A
Transgulf Investment
Holding Co. (TIHC)
Oman OMR – – – – (0.4) N/A
The Financial Corporation
Co. (FCC)**
Oman OMR 0.6 190.6% 0.4 N/A 0.4 N/A
Aluminum Bahrain (Alba) Bahrain BHD 195.5 -0.5% – – 20.7 -41.9%
Source: Company data, DFM, ADX, MSM (*1H2013 Results, **1Q2013 {April-June 2013} Results)
News
Qatar
 QNB Group starts operations in China – QNB Group has
officially launched its operations in China with the opening of its
“Qatar National Bank Shanghai Representative Office” after
receiving the required regulatory approvals. QNB Group’s
representative office will now take on the role of extending
intermediary services in investment and trade to Middle Eastern
companies that seek to establish their businesses or invest
money in China. The bank will also act as a liaison agency with
Chinese companies that are looking to expand into the ever
growing Middle Eastern market and facilitate their investments.
(QNB Group Press Release)
 QFLS net profit up 29.2% QoQ in 2Q2013 – Qatar Fuel
Company (QFLS) has reported a net profit of QR311.6mn in
2Q2013, indicating a QoQ increase of 29.2% (-2.7% YoY).
Earnings per share stood at QR8.50 in 1H2013 as compared to
QR8.63 in 1H2012. However, net profit declined by 1.5% YoY in
1H2013 to QR552.8mn. Revenue rose by 4.9% QoQ (+5.5%
YoY) to QR3,093.3mn in 2Q2013, while it was up 7.9% YoY to
QR6,042.8mn in 1H2013. (QE)
 QTA: Qatar hotel occupancy rate rose to 67% – According to
the data released by the Qatar Tourism Authority (QTA), hotel
occupancy rate in Qatar rose from an average of 58% to 67%,
despite a 4.5% increase in the number of rooms available. The
data indicated the total revenue for four and five-star hotels
increased by QR155.9mn, with a staggering 20% rise among
five-star hotels alone. The total number of hotels under
construction increased to 121 properties in 2Q2013 from 110 at
the end of 2012, with 20,955 rooms expected to be delivered.
The data also showed that visitors from across the globe
increased steadily by 6.6%, with particularly impressive growth
of 12% in visitors from Asia. Similarly, visits by the GCC region
tourists were up by 15%, with Saudi Arabia being the largest
single source of visitors with 144,491 travelers. (AME Info)
 Energy City Qatar to be mixed-use facility – Energy City
Qatar (ECQ) – the estimated $3bn project launched to create a
hub of the region’s hydrocarbon companies in Qatar – has
revised its original plan and is set to turn the entire project into a
mixed-use facility. ECQ’s original vision was to create Middle
East’s first energy business center focused on catering to
commercial, technical and human resource needs of the
hydrocarbon sector only. According to the revised plans, ECQ
will now house headquarters of at least 15 real estate
companies, four leading IT companies, branches of leading
banks and insurance companies. The corporate offices of
several big names will also be moving to the ECQ. (Peninsula
Qatar)
 VFQS to boost capacity, roll out 4G services – Vodafone
Qatar’s (VFQS) CEO Kyle Whitehill said the company is
planning to boost its capacity, improve coverage and roll out 4G
services in order to achieve network excellence. Whitehill last
week officially joined as CEO of VFQS. He has worked for
Vodafone Group since 2001 and has previously held a variety of
senior roles including Enterprise Business Unit Director in the
UK and Chief Operating Officer in India. (Bloomberg)
 Ashghal gets new identity with changed logo – The Public
Works Authority (Ashghal) has unveiled its new website, logo
and a contact center. These activities reveal Ashghal's new
corporate identity in a move to enhance communication and
Overall Activity Buy %* Sell %* Net (QR)
Qatari 79.14% 71.32% 21,212,444.76
Non-Qatari 20.86% 28.68% (21,212,444.76)

3. Page 3 of 5
provide better quality service to all its customers including
citizens and residents of Qatar. (Qatar Tribune)
 DHBK’s shares traded on special market – Doha Bank’s
(DHBK) 480,000 shares were traded on the special market on
July 28, 2013. (QE)
 ZHCD to disclose its 1H2013 financials on August 14 – Zad
Holding Company (ZHCD) will disclose its reviewed financial
results for the period ending June 30, 2013 on August 14, 2013.
(QE)
International
 Italian economy minister hopes recession to end this year –
Italy's Economy Minister Fabrizio Saccomanni said the nation’s
economy will begin emerging from its longest slump in the fourth
quarter of this year and should grow throughout 2014.
Saccomanni also said the government would move ahead with
its plans to use the sale of state properties to reduce the public
debt, though estimates that Italy reaping €400bn from the sale of
state assets were too optimistic. (Reuters)
 China orders nationwide government debt audit – China's
National Audit Office said it will conduct an audit of all
government debt at the request of China's State Council
(cabinet). The audit indicates increased official concern over the
systemic risk threat from rising debt levels in China, as top
leaders slow down economic growth in order to promote reform.
In its June report, the audit office warned that debt levels among
local governments are rising and their financial burdens are not
being properly managed. (Reuters)
Regional
 Saudi agriculture & food sectors to maintain 18.5% annual
growth – According to sources, Saudi Arabia’s agriculture and
food sectors are expected to sustain a combined annual growth
of 18.5%, driven by a rising population and strong consumer
spending. Food sales in the Kingdom account for around half of
the domestic retail market and are expected to be worth $70bn
by 2016. (AME Info)
 Saudi Arabia awards $22.5bn contracts to build Riyadh
metro – The Saudi Arabian government has awarded contracts
worth $22.5bn to three foreign-led consortia for the design and
construction of a metro rail system in Riyadh. The project will
involve six rail lines extending 176 kilometers which will carry
electric driverless trains. This is the world's largest public
transport system currently under development. The construction
will begin by the first quarter of 2014 and the project is expected
to be completed by 2019. (Reuters)
 SEC signs six transformer station contracts worth SR2.9bn
– The Saudi Electricity Company (SEC) has signed six contracts
worth SR2.9bn with various national companies for the
installation of 380KV transformer stations across the Kingdom.
SEC’s CEO Ali bin Saleh Al-Barrak said the agreements
included three transformer stations in Riyadh, which would help
meet the growing demand for electricity in the region. He said
these three stations will become operational within 27 to 29
months. (GulfBase.com)
 Sipchem’s affiliate signs deal for SR325mn Islamic
refinancing – Saudi International Petrochemical Company’s
(Sipchem) affiliate, the International Methanol Company (IMC)
has signed a SR325mn Islamic facility agreement with Riyad
Bank. The agreement aims to refinance its existing Islamic
facility. This new facility begins from August 29, 2013 and ends
on August 29, 2023. The new Shari’ah-compliant agreement
also provides IMC the rights to increase its debt up to an
additional SR200mn to support new projects or for general
corporate purposes. (Tadawul)
 TRA pushes for network sharing to boost competition in
UAE – The Telecommunications Regulatory Authority (TRA) of
the UAE is set to implement new regulations that allow the two
local operators access to each other’s network infrastructure.
This move is likely to boost competition and lower retail prices in
the Gulf state. TRA has sent the determination to Abu Dhabi-
based Emirates Telecommunications Corp (Etisalat) and Dubai-
based Emirates Integrated Telecommunications Company (du
Telecom) for feedback after months of consultations involving
the companies. TRA expects to have the document approved by
its board before the end of 2013. (Gulf-Times.com)
 Dubai International Airport plans expansion – Dubai is
planning to ramp up the passenger handling capacity at its
airport as the Emirate anticipates traffic to grow at a faster clip
over the coming years. This growth is helped by a resurgent
economy and the flag carrier Emirates Airline’s increasing
success at funneling customers through its hub. Dubai Airports’
CEO Paul Griffiths said Dubai International Airport is planning to
add more capacity to handle around 100mn passengers by
2018, up from about 60mn currently, by continuing with plans to
build a fourth concourse and by improving the facility’s
operations. (Gulf-Times.com)
 Abu Dhabi hotel guest figures up 12% in 1H2013 – According
to the data released by Abu Dhabi Tourism & Culture Authority,
the number of guests staying in 145 hotels and apartments in
Abu Dhabi rose by 12% YoY in 1H2013. The data also showed
that guests in the Emirate are staying longer and there has been
a significant increase in hotel occupancy and revenues. During
1H2013, 1.3mn guests checked into Abu Dhabi-based
accommodation, delivering 4.2mn guest nights, indicating a rise
of 25% on 2012. On an average, guests stayed 3.17 nights,
which translates into an occupancy rate of 71%, rising 8% on
2012. (GulfBase.com)
 UNB reports AED987mn net profit in 1H2013 – Union
National Bank (UNB) has reported a profit of AED987mn in
1H2013, reflecting a YoY increase of 5.7%. Net interest income
and net income from Islamic financing were up by 6.2% YoY to
AED1,321mn. As on June 30, 2013, loans & advances
increased by 5.2% YoY to AED60.3bn, while customer deposits
fell by 3.3% YoY to AED58bn. (AME Info)
 CBI reports 37.1% decline in net profit – Commercial Bank
International (CBI) has reported a net profit of AED88.87mn for
the period ended June 30, 2013, indicating a YoY decrease of
37.1%. EPS stood at AED0.056 as at June 30, 2013 as
compared to AED0.09 as on June 30, 2012. Total assets stood
at AED16.37bn, reflecting a YTD increase of 28.5%. Loans &
advances were up by 14% YTD to AED9.97bn, while customer
deposits rose by 35% YTD to AED12bn. (ADX)
 Bank of Sharjah reports AED144mn net profit in 1H2013 –
The Bank of Sharjah has reported a net profit of AED144mn in
1H2013, indicating a YoY increase 15% YoY. EPS stood at 6.4
fils in 1H2013 as compared to 5.4 fils in 1H2012. Net interest
income was up by 1% YoY to AED262mn. Total assets reached
AED22,673mn as of June 30, 2013, reflecting an increase of 8%
YoY. Loans & advances were up by 7% YoY (+4% YTD) to
AED12,895mn, while customer deposits grew by 11% YoY
(+1% YTD) to AED16,644mn. (ADX)
 ADIA sees 12.6% YoY increase in traffic in 1H2013 –
According to the data released by the Abu Dhabi Airports
Company, the Abu Dhabi International Airport (ADIA) has
recorded rapid growth of 12.6% YoY in passenger traffic

4. Page 4 of 5
between January and June 2013. The airport welcomed 7.9mn
passengers and 65,072 flights, representing a 10.4% YoY
increase in aircraft movement. The data also showed that cargo
traffic has surged with 325,737 tons of cargo passing through
the airport, indicating a 21.5% YoY in 1H2013. (AME Info)
 Empower gives AED155mn contract to TransGulf – Emirates
Central Cooling Systems Corporation (Empower) has awarded a
contract worth AED155mn to UAE-based TransGulf to construct
the first district cooling plant in the region built in line with green
building principles. (Bloomberg)
 Etisalat, Samsung ink strategic tech deal – Etisalat Group
and Korean company Samsung has signed an agreement for
cooperation in areas such as product release, pricing,
marketing, distribution and joint events. Etisalat Group’s Chief
Commercial Officer Rainer Rathgeber said this deal will facilitate
the adoption of latest telecommunications technologies in
Etisalat’s 15 operating countries across the Middle East, Africa
and Asia. (GulfBase.com)
 ADPC, KIZAD plan cruise business at Zayed Port – Abu
Dhabi Ports Company (ADPC) and Khalifa Industrial Zone Abu
Dhabi (KIZAD) have jointly announced their plans to support the
growing cruise business at Zayed Port (Mina Zayed) in Abu
Dhabi. ADPC said that it has allocated the south-eastern end of
the port berth as an area to be developed specifically for cruise
liners and passengers. (Bloomberg)
 Kuwait’s M2 rises to KD31,066.4mn in FY2012-13 –
According to a report by the Central Bank of Kuwait, Kuwait’s
money supply (M2) increased by KD2,478.8mn (8.7% YoY) to
reach KD31,066.4mn at the end of FY2012-13. Within this, the
utilized cash portion of credit facilities extended by local banks
to economic sectors increased by 5.2% YoY to KD27,338.1mn.
The resident private sector’s deposits with local banks rose by
8.4% YoY to KD29,674mn. Consequently, the aggregate
balance sheet of local banks increased by 7.6% YoY to
KD48,755mn at the end of FY2012-13. On the other hand, the
total aggregate balance sheet of local investment companies
decreased by KD421.8mn (3.5% YoY) to reach KD11,728.6mn.
(GulfBase.com)
 Oman posts budget deficit in first five months of 2013 –
According to data released by the National Center for Statistics
& Information (NCSI), Oman has posted a budget deficit of
OMR110.4mn for the first five months of 2013 against a surplus
of OMR1.58mn in the corresponding period of last year. NCSI
said the shortfall was due to a marginal decline in government
revenue even as public expenditure continued to rise. The total
public revenue fell 1.5% during the five months to OMR6bn from
OMR6.1bn in the same period last year. Net oil revenues inched
down 0.4% to OMR4.45bn, while gas revenue fell 21.6% to
OMR605.9mn from OMR772.8mn. Oman’s average oil
production rose 3.5% to 929,000 bpd in the first five months of
2013, while its average price dropped 5.2% to $107.5 per barrel
from $113.5 in the same period of 2012. (Bloomberg)
 Passenger traffic increase at Muscat and Salalah airports –
According to the data released by the Public Authority for Civil
Aviation (PACA), the total passenger traffic including transit &
transfer passengers passing through Muscat International
Airport has increased by 10% YoY to 4.1mn passengers at the
end of June 2013. The data also showed that the number of
arriving passengers increased by 9% YoY to 2.1mn passengers
at the end of June 2013, while the number of departing
passengers rose by 13% YoY to 2.0mn passengers. Similarly,
the PACA data showed that Salalah Airport recorded an
increase of 14% YoY in the total number of arriving and
departing passengers to reach 333,982 passengers at the end
of June 2013. (Bloomberg)
 A’saffa Foods receives OMR1.2mn feed subsidy – Oman-
based A’saffa Foods has announced that it has received a feed
subsidy of OMR1.2mn from the Ministry of Finance. The amount
received is 80% of the claim amount for 3Q2012, 4Q2012 and
1Q2013 periods. The amount received for 1Q2013 is only
OMR141,561 (80% of the claim submitted). (MSM)
 GIB to shift operations to Kingdom – Bahrain-based Gulf
International Bank (GIB) is planning to shift 70% of its
operations next door to Saudi eastern province. GIB’s wholesale
division is also planning to apply for a retail license to expand its
customer base. GIB’s move is justified by its majority ownership
held Saudi holding, and it is not related to the security situation
in Bahrain. GIB is planning a retail branch in Saudi Arabia.
Meanwhile, Bahrain Banking Association is in talks with GIB
management over Bahraini employees’ status after the move.
(Bloomberg)
 Gulf Air to shed jobs as part of massive downsizing
operation – Gulf Air is reportedly seeking to shed up to 1,066 of
the total 3,800 jobs as part of a massive downsizing operation.
565 of these jobs are based abroad. Gulf Air hopes that this
downsizing will reduce its losses from BHD95mn to BHD58mn
by 2017. (GulfBase.com)
 Alba’s board recommends interim dividend – Aluminum
Bahrain’s (Alba) board has recommended the distribution of an
interim dividend of 14 fils per share to its shareholders.
(Bloomberg)

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 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
(0.1%)
(0.4%)
0.2%
(0.4%)
0.1%
(0.6%)
(0.5%)
(0.9%)
(0.6%)
(0.3%)
0.0%
0.3%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD%
Gold/Ounce 1,333.30 0.0 0.0 (20.4) DJ Industrial 15,558.83 0.0 0.0 18.7
Silver/Ounce 20.01 0.0 0.0 (34.1) S&P 500 1,691.65 0.0 0.0 18.6
Crude Oil (Brent)/Barrel 109.36 0.0 0.0 (3.1) NASDAQ 100 3,613.17 0.0 0.0 19.7
Natural Gas (Henry
Hub)/MMBtu
3.60 0.0 0.0 4.7 STOXX 600 298.91 0.0 0.0 6.9
LPG Propane (Arab Gulf)/Ton 810.00 0.0 0.0 (16.4) DAX 8,244.91 0.0 0.0 8.3
LPG Butane (Arab Gulf)/Ton 807.00 0.0 0.0 (16.7) FTSE 100 6,554.79 0.0 0.0 11.1
Euro 1.33 0.0 0.0 0.7 CAC 40 3,968.84 0.0 0.0 9.0
Yen 98.21 0.0 0.0 13.2 Nikkei 14,129.98 0.0 0.0 35.9
GBP 1.54 0.0 0.0 (5.4) MSCI EM 961.53 0.0 0.0 (8.9)
CHF 1.08 0.0 0.0 (1.4) SHANGHAI SE Composite 2,010.85 0.0 0.0 (11.4)
AUD 0.93 0.0 0.0 (10.9) HANG SENG 21,968.95 0.0 0.0 (3.0)
USD Index 81.66 0.0 0.0 2.4 BSE SENSEX 19,748.19 0.0 0.0 1.7
RUB 32.82 0.0 0.0 7.5 Bovespa 49,422.05 0.0 0.0 (18.9)
BRL 0.44 0.0 0.0 (9.0) RTS 1,348.37 0.0 0.0 (11.7)
138.7
122.2
111.4