1. Page 1 of 5
QE Intra-Day Movement
Qatar Commentary
The QE index declined marginally to close at 9,067.6. Losses were led by the
Transportation and Real Estate indices, declining 0.4% each. Top losers were
Doha Insurance Co. and Qatar Islamic Insurance, falling 1.6% and 1.3%
respectively. Among the top gainers, Islamic Holding Group rose 3.0%, while
Qatar German Co. for Med. Dev. gained 1.4%.
GCC Commentary
Saudi Arabia: The TASI index gained 0.7% to close at 7,378.0. Gains were
led by the Multi-Investment and Hotel & Tourism indices, rising 2.2% and 2.1%
respectively. Tabuk Cement Co. rose 6.2%, while Saudi Transport &
Investment Co. was up 5.8%.
Dubai: The DFM index rose 0.7% to close at 2,321.5. The Services index
gained 5.2%, while the Investment & Financial Ser. index was up 4.1%. Al-
Mazaya Holding Co. surged 14.7%, while Dubai Financial Market rose 8.1%.
Abu Dhabi: The ADX benchmark index gained 0.6% to close at 3,489.2. The
Real Estate index rose 2.4%, while the Consumer index was up 1.9%. Abu
Dhabi Ship Building Co. gained 13.2%, while International Fish Farming
Holding Co. was up 11.9%.
Kuwait: The KSE index rose 0.5% to close at 8,430.7. Gains were led by the
Oil & Gas and Telecommunication indices, gaining 2.0% and 1.7%
respectively. Sanam Real Estate Co. rose 9.8%, while Aqar Real Estate
Investments Co. was up 9.1%.
Oman: The MSM index gained marginally to close at 6,396.1. The Banking &
Investment and Industrial indices rose 0.1% each. Al Batinah Dev. Inv. Holding
gained 4.9%, while Sohar Power was up 4.4%.
Qatar Exchange Top Gainers Close* 1D% Vol. „000 YTD%
Islamic Holding Group 40.90 3.0 96.8 7.6
Qatar German Co. for Med. Dev. 14.70 1.4 180.5 (0.5)
Dlala Brok. & Inv. Holding Co. 26.80 1.3 182.6 (13.8)
Qatar National Cement Co. 100.60 1.0 27.9 (6.0)
Gulf International Services 43.15 0.9 456.6 43.8
Qatar Exchange Top Vol. Trades Close* 1D% Vol. „000 YTD%
United Development Co. 20.30 (1.0) 1,356.4 14.0
Masraf Al Rayan 26.65 0.4 1,101.3 7.5
Qatar & Oman Investment Co. 12.97 (0.2) 458.4 4.7
Gulf International Services 43.15 0.9 456.6 43.8
Mazaya Qatar Real Estate Dev. 11.07 0.2 438.0 0.6
Market Indicators 28 May 13 27 May 13 %Chg.
Value Traded (QR mn) 248.6 284.8 (12.7)
Exch. Market Cap. (QR mn) 503,038.2 503,226.6 (0.0)
Volume (mn) 7.2 9.0 (20.2)
Number of Transactions 3,461 4,298 (19.5)
Companies Traded 36 38 (5.3)
Market Breadth 15:16 13:19 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 12,955.46 (0.0) 0.2 14.5 N/A
All Share Index 2,309.34 0.0 0.3 14.6 12.5
Banks 2,140.08 0.0 0.4 9.8 11.6
Industrials 3,148.25 0.3 0.8 19.8 11.7
Transportation 1,633.88 (0.4) (0.8) 21.9 11.6
Real Estate 1,733.29 (0.4) (1.6) 7.5 11.5
Insurance 2,309.06 0.2 1.8 17.6 13.6
Telecoms 1,270.01 (0.3) (0.1) 19.3 14.7
Consumer 5,555.19 0.1 0.2 18.9 19.2
Al Rayan Islamic Index 2,746.38 (0.0) 0.2 10.4 13.7
GCC Top Gainers##
Exchange Close#
1D% Vol. „000 YTD%
Dubai Financial Market Dubai 1.47 8.1 108,257.2 44.1
Tabuk Cement Saudi Arabia 32.70 6.2 1,497.1 34.8
Nat. Investments Co. Kuwait 0.18 6.0 12,056.4 34.8
Comm. Real Estate Co. Kuwait 0.11 5.9 32,915.9 52.1
Ithmaar Bank Bahrain 0.27 5.9 1,585.0 58.8
GCC Top Losers##
Exchange Close#
1D% Vol. „000 YTD%
NBQ Abu Dhabi 2.90 (9.4) 995.0 56.8
Comm. Bank of Dubai Dubai 3.90 (6.0) 2.6 30.0
Combined Group Con. Kuwait 1.26 (4.5) 12.5 (13.7)
Arabtec Holding Co. Dubai 2.27 (3.4) 35,839.3 1.3
Ajman Bank Dubai 2.01 (2.9) 547.2 41.5
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. 25.20 (1.6) 11.0 2.6
Qatar Islamic Insurance 59.00 (1.3) 7.7 (4.8)
United Development Co. 20.30 (1.0) 1,356.4 14.0
Qatar Navigation 72.30 (0.8) 116.2 14.6
National Leasing 36.15 (0.7) 290.1 (20.0)
Qatar Exchange Top Val. Trades Close* 1D% Val. „000 YTD%
Industries Qatar 166.20 0.2 30,641.7 17.9
Masraf Al Rayan 26.65 0.4 29,318.3 7.5
United Development Co. 20.30 (1.0) 27,493.0 14.0
Gulf International Services 43.15 0.9 19,709.1 43.8
Al Meera Consumer Goods Co. 137.80 0.6 12,181.5 12.6
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* 9,067.56 (0.0) 0.2 4.5 8.5 68.29 138,134.3 11.5 1.6 5.1
Dubai 2,321.50 0.7 0.7 8.7 43.1 264.00 63,935.6 14.9 0.9 3.6
Abu Dhabi 3,489.19 0.6 0.8 6.6 32.6 163.99 102,327.4 10.7 1.3 5.0
Saudi Arabia 7,378.00 0.7 0.2 2.8 8.5 1,465.93 396,597.5 15.7 1.9 3.8
Kuwait 8,430.73 0.5 3.4 13.5 42.1 458.92 112,313.9 25.9 1.5 3.2
Oman 6,396.10 0.0 0.5 4.4 11.0 23.72 22,487.6 11.1 1.7 4.4
Bahrain 1,182.16 0.4 1.0 7.1 10.9 1.27 21,061.6 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)
9,040
9,050
9,060
9,070
9,080
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 marginally to close at 9,067.6. The
Transportation and Real Estate indices led the losses. The index
declined on the back of selling pressure from Qatari
shareholders despite buying support from non-Qatari
shareholders.
 Doha Insurance Co. and Qatar Islamic Insurance were the top
losers, falling 1.6% and 1.3% respectively. Among the top
gainers, Islamic Holding Group rose 3.0%, while Qatar German
Co. for Med. Dev. gained 1.4%.
 Volume of shares traded on Tuesday declined by 20.2% to
7.2mn from 9.0mn on Monday. Further, as compared to the 30-
day moving average of 8.7mn, volume for the day was 17.5%
lower. United Development Co. and Masraf Al Rayan were the
most active stocks, contributing 18.9% and 15.4% to the total
volume respectively.
Source: Qatar Exchange (* as a % of traded value)
Ratings and Global Economic Data
Ratings Updates
Company Agency Market Type* Old Rating New Rating Rating Change Outlook Outlook Change
Saudi Hollandi
Bank (SHB)
CI
Saudi
Arabia
FSR/ LT FCR/ ST FCR/
Support level
a-/a/a2/2 a-/a/a2/2 – Positive 
Arab Bank and its
branches in
Bahrain, Dubai,
Qatar and
Singapore
S&P Jordan
LT counterparty credit
ratings/ ST
counterparty credit
ratings
BB/ B BB-/ B #
Negative –
Source: News reports (* LT – Long Term, ST – Short Term, FSR- Financial Strength Rating, FCR – Foreign Credit Rating, LCR – Local Currency Rating, ICR – Issuer Credit Rating) (
#
LT counterparty credit
ratings lowered)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
05/28 US Conference Board Consumer Confidence May 76.2 71.2 69.0
05/28 France INSEE Consumer Confidence Indicator May 79.0 85.0 83.0
05/28 Germany Destasis Import Price Index (MoM) April -1.40% -0.40% -0.10%
05/28 Germany Destasis Import Price Index (YoY) April -3.20% -2.30% -2.30%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
 QCB Governor: Qatar may change its peg to US dollar once
economy less dependent on hydrocarbons – Qatar Central
Bank (QCB) Governor H.E. Sheikh Abdullah bin Saud Al-Thani
said the country may change its peg to the US dollar once the
economy becomes less dependent on hydrocarbons and local
financial markets deepen. He added although no changes are
being considered currently. He said with increasing integration in
international trade and asset markets, a higher degree of
exchange rate flexibility may become more desirable to ensure
external stability and competitiveness of Qatar’s exports.
(Reuters)
 QNB Finance prices 2016 bond worth 200mn Swiss francs –
QNB Finance Limited has issued a bond worth 200mn Swiss
francs with a maturity date of June 27, 2016. The issue is
guaranteed by its parent, the QNB Group. The bond will pay an
interest of 0.5% and is priced at 100.510 Swiss francs. Lead
managers for the issue were Deutsche Bank and the QNB
Group. (Reuters)
 Kahramaa President: Qatar negotiating power sales to two
neighboring countries – Qatar General Electricity & Water
Corp’s (Kahramaa) President H.E. Eng. Essa al Kuwari said
Qatar is in talks with its neighboring countries to sell power
through the GCC Region Interconnection Authority Grid. He
added that the country is negotiating a sale of 300MW for this
summer with one country and a sale of 500MW for three-year
period with another country. He also said that price of electricity
will be based on the international price of gas, plus production
costs and profit. (Bloomberg)
 QNB Group: Qatar's overall credit facilities up 26% in 2012 –
According to a report by QNB Group, Qatar’s overall credit
facilities have increased by 26% to $140bn in 2012, even as the
public sector remains the largest recipient and driver of overall
credit growth. The report said lending to the public sector shot
up by 47% in 2012 to $60bn and has been increasing by an
average of 43% over the past three years. This is mainly due to
the increasing use of short to medium-term funding to finance
ongoing public infrastructure projects. Moreover, the report said
deposits in the banking sector increased by 26% in 2012 to
$126bn. (Gulf-Times.com)
 QNB Group: Qatar BoP swings to $16bn surplus in 2012 –
According to a report by QNB Group, Qatar’s overall balance of
payments (BoP) have swung to a $16bn surplus in 2012 from a
$14bn deficit in 2011, which reflects changes in the country’s
international reserves. The group said that it expects the overall
surplus to shrink slightly in 2013-14, mainly due to lower
hydrocarbon prices. The report indicated QCB’s foreign
exchange reserves stood at $33.1bn in 2012, which can provide
cover for more than 16 months of imports, well above the IMF
Overall Activity Buy %* Sell %* Net (QR)
Qatari 65.44% 66.94% (3,727,198.07)
Non-Qatari 34.56% 33.07% 3,727,198.07

3. Page 3 of 5
suggested minimum of three months. The QNB Group has
forecasted that QCB’s international reserves will move up
gradually in 2013-14, despite strong investments overseas.
(Gulf-Times.com)
 QNB Group: Expats accounted for 94% of Qatar‟s labor
force in 2012 – According to a report by QNB Group,
expatriates accounted for 94% of the country’s total labor force
of 1.3mn in 2012. This was mainly due to large requirements in
the construction sector, which is also the largest employer in the
country. The private sector currently accounts for 74% of the
total jobs in the market, with expatriates taking up the vast
majority of available positions. (Gulf-Times.com)
 QMLS CEO: Import of Qatar-supervised Australian meat to
begin soon – Widam Food Company’s (QMLS) CEO Ahmed
Nasser Sraiya Al Kaabi said the import of the first shipment of
sheep and frozen meat, produced under Qatari supervision in
Australia, will begin soon through Hassad Food. (Gulf-
Times.com)
 QE urges use of social media for periodical corporate
reporting – The Qatar Exchange has asked its listed companies
to undertake periodical corporate reporting through social media
and the dedicated investor relations section on their corporate
website, in view of the changing needs of investing community.
(Gulf-Times.com)
 LuLu plans to open one outlet every year in Qatar – Leading
retail chain, LuLu Group is planning to open one outlet every
year in Qatar from 2014. (Gulf-Times.com)
 Alewijnse establishes operations in Qatar – Alewijnse Marine
Systems – a systems integrator in the commercial, naval and
super yacht markets – has formed a new company, Alewijnse
Middle East in Qatar to establish operations in high growth
developing markets. (Bloomberg)
 QA resumes full service 787 flights to Heathrow – Qatar
Airways (QA) has resumed full services of the Boeing 787
Dreamliner flight between Doha and London’s Heathrow airport.
(Qatar Tribune)
International
 Britain's government agrees spending cuts – British
government said it had secured billions of pounds of spending
cuts at various government ministries, but still faces an uphill
struggle to get further reductions to reach 80% of its £11.5bn
target. Chancellor George Osborne said seven government
departments have agreed to cut 8-10% from their 2015-16
budgets as part of a government spending review due to be
announced on June 26. (Reuters)
 Bank of Portugal: Bad loan impairments far from over – The
Bank of Portugal said the country’s deep recession means credit
risks will persist for Portuguese lenders, even if levels of bad
loans in the banking system have fallen since early last year.
The central bank said that Portuguese banks were benefiting
from better access to funding, and deposits have risen again
after a dip in 2012. The central bank said individual bank
deposits dropped 2.3% in 2012 following a sharp rise in 2011,
but bounced back again in 1Q2013. (Reuters)
 IMF cuts Chinese growth outlook, urges cap on social
financing – The IMF has cut its growth forecast for China to
7.75% in 2013 from a previous 8%, citing a weak global
economy and exports. IMF said the country's current priority
should be on reining in its social financing growth. The IMF also
recommended China to conduct fiscal stimulus if growth falls
below the IMF's forecast. (Reuters)
 BoJ Governor urges flexible approach to capital controls –
The Bank of Japan Governor Haruhiko Kuroda said global
policymakers must allow some emerging countries to set capital
controls to mitigate the impact from financial crises such as
those recently triggered by advanced economies. (Reuters)
Regional
 Egypt sets up $12bn bond program; eyes sukuk early 2014
– Egypt has set up a new $12bn bond program and is planning
to issue its debut sukuk in early 2014, which could help ease
pressure on its public finances. The country has appointed QNB
Capital and HSBC Holdings as joint lead arrangers and dealers
for the program. (Reuters)
 IDB sets guidance for $1bn sukuk – Jeddah-based
multilateral institution, Islamic Development Bank (IDB), has set
the price guidance for a $1bn Islamic bond sale. IDB is offering
a price guidance of mid-swaps plus high 30 basis points for the
five-year sukuk. IDB is expected to price this deal on May 29,
2013. Banks arranging the sukuk are: Barwa Bank, Credit
Agricole, CIMB, National Bank of Abu Dhabi, Natixis, NCB
Capital, Royal Bank of Scotland and Standard Chartered.
(Reuters)
 S&P cuts Arab Bank‟s ratings on Jordan‟s sovereign
downgrade – Ratings agency S&P has lowered its long-term
counterparty credit ratings on Jordan-based Arab Bank and its
branches, Arab Bank (Bahrain), Arab Bank (Dubai), Arab Bank
(Qatar), and Arab Bank (Singapore) from BB to BB-. The short-
term counterparty credit ratings for the bank and its
aforementioned branches were affirmed at B. The outlook is
Negative. The downgrade of Arab Bank follows the recent
downgrade of Jordan. (Bloomberg)
 Al Naimi: Current situation ideal for oil – Saudi Arabia’s
Petroleum Minister Ali al-Naimi said the Kingdom is satisfied
with current conditions in the global crude oil market. He also
said that this is the best environment for the market and demand
is great. (Bloomberg)
 Saudi FM: Economy to grow higher than IMF estimate –
Saudi Arabia’s Finance Minister Ibrahim al-Assaf said the
Kingdom does not agree with the IMF’s growth estimate, which
sees Saudi Arabia’s overall GDP growth at 4.4% in 2013, since
last year’s government forecast was more accurate.
(Bloomberg)
 Saudi bank deposits push loan benchmark down – Deposits
in Saudi Arabian banks rose to their highest level on record in
April 2013, helping to drive a benchmark used by lenders to
price loans to the least in seven months. According to data
released by the central bank, total deposits in the Kingdom
jumped 15% YoY to SR1.3tn in April 2013. (Bloomberg)
 Saudi-US business group formed to boost investments –
Saudi and American business communities have established the
Saudi American Trade Group (SATG) in the Kingdom to attract
new investments into Saudi Arabia that work on cutting-edge
technologies. (GulfBase.com)
 Saudi Arabia, US sign “Open Skies” deal – Saudi Arabia and
the US have signed an “Open Skies” air transport agreement,
which will eliminate restrictions on how often their carriers will
fly, the kind of aircraft they use and the prices they charge.
(Bloomberg)
 KAEC completes infrastructure work of Al-Talah – King
Abdullah Economic City (KAEC) has completed all the basic and
secondary infrastructure works for the first phase of the Al-Talah
Gardens District, and has begun work on the project’s second

4. Page 4 of 5
phase. In addition, KAEC is set to launch the third phase of the
district that includes residential villas and land plots at
competitive prices. (AME Info)
 Ma‟aden-Alcoa JV completes first engineered wetlands
system to treat water – The Saudi Arabian Mining Company
(Ma’aden) and US-based Alcoa completed a first-of-its-kind
engineered wetlands wastewater management system in Saudi
Arabia at the Ma’aden-Alcoa JV project site. The newly
constructed system will reduce water demand by nearly 7.5mn
liters per day and save more than SR26mn per annum that
would have been otherwise used to purchase fresh water.
(Bloomberg)
 Salama Cooperative Insurance gets SAMA approval to open
25 points of sales – Salama Cooperative Insurance Company
has obtained approval from the Saudi Arabian Monetary Agency
(SAMA) for opening 25 points of sales across the Kingdom.
(Tadawul)
 UAE surplus up by 31% YoY to AED244.4bn in 2012 –
According to the preliminary data released by the central bank,
the UAE’s current account surplus jumped nearly 31% YoY to
AED244.4bn in 2012 on the back of rising hydrocarbon exports.
Meanwhile, Reuters calculation based on the official data
showed that this surplus accounted for around 17.3% of the oil
exporter’s 2012 GDP. Meanwhile, analysts polled by Reuters in
April expect the UAE current account surplus to shrink to 7.3%
of GDP in 2013 and 5.0% in 2014. (GulfBase.com)
 UAE Exchange joins hands with AADC – The UAE Exchange
has entered into an agreement with Al Ain Distribution Company
(AADC) for bill payments by cash. (GulfBase.com)
 UAE companies law passed by FNC – The Federal National
Council (FNC) has passed the new UAE companies law,
following a final debate on changing the name and amending
the law to cover only commercial enterprises. (Bloomberg)
 Dubai DED, CBD sign agreement to facilitate business
registration & licensing – The Department of Economic
Development (DED) in Dubai and the Commercial Bank of
Dubai (CBD) have signed an agreement to provide automated
business registration & licensing services across CBD’s
counters. This agreement will enable customers to make fee
payments, complete business registration and licensing
transactions in all the CBD branches across the UAE.
(GulfBase.com)
 Etisalat gets shareholder support for Maroc Telecom bid –
UAE-based telecom operator Etisalat has secured its
shareholders’ approval for the financing package to back its bid
for Vivendi's 53% stake in Maroc Telecom. Shareholders
approved that Etisalat can borrow an amount that can exceed its
capital but not more than $8.57bn. (Reuters)
 DP World to add 10mn TEU to its portfolio – Dubai port
operator, DP World is set to add a capacity of 10mn twenty-foot
equivalent units (TEU) to its global portfolio, which includes 5mn
TEU at Jebel Ali Port. DP World CEO Mohammed Sharaf said
the company is currently embarking on a $3bn expansion plan
for 2013-14, which is on track to add 10mn TEU during this
period. (GulfBase.com)
 Abraaj picks EFG-Hermes for possible Spinneys sale –
Egypt-based EFG-Hermes Holding said it has been hired by
Dubai-based Abraaj Group to advise on the sale of its controlling
stake in the Spinneys supermarket chain. (Bloomberg)
 DSI bags AED158mn contract from Arabtec Construction –
Drake & Scull International (DSI) has won AED158mn contract
for mechanical electrical and plumbing works on St. Regis Hotel
and Residences Project in Amman from Arabtec Construction.
(DFM)
 Deyaar registers AED170mn sales at a property event –
Deyaar Development has secured deals worth around
AED170mn at a property sales event held in May 2013. (DFM)
 Noor Islamic to lend AED5bn to SMEs – Noor Islamic Bank is
seeking to extend AED5bn loan to SMEs over the next five
years. (Bloomberg)
 Emirates NBD, Dubai SME partner for AED50mn fund –
Emirates NBD and Dubai SME have entered into partnership to
extend up to AED50mn in new loans dedicated to Emirati
entrepreneurs and small businesses. (Bloomberg)
 Tasweek begins operations in Dubai – Tasweek Real Estate
Development & Marketing has begun operations in Dubai as
part of its ongoing global expansion efforts. (Bloomberg)
 Emirates resumes flights to Libya – Emirates Airlines is set to
restart passenger flights to Libyan capital Tripoli from
September 1, 2013. (AME Info)
 NewBridge secures $48mn investment from Elan to boost
growth – NewBridge Pharmaceuticals has closed a $48mn
Series C equity fundraising with an outsized investment of
$40mn from the Irish corporation, Elan to expand its commercial
& manufacturing operations in Turkey, Africa, and the Middle
East regions. (AME Info)
 Al Noor to raise $150mn from IPO, seeks LSE listing – Abu
Dhabi-based Al Noor Hospitals Group is planning to raise
$150mn from the sale of its shares in an IPO, and the company
seeks to list shares on the London Stock Exchange (LSE). Al
Noor said that it plans to use the proceeds from the sale to
finance acquisitions and repay debt. Deutsche Bank, Goldman
Sachs Group, HSBC Holdings and Rothschild are appointed to
manage this deal. (Bloomberg)
 KNPC, Daelim sign contract worth KD147mn – The Kuwait
National Petroleum Company (KNPC) has signed a contract
worth KD147mn with Korean Daelim Industrial Company to
establish new facilities and renovation of existing facilities for the
sulfur-handling project at Mina Al-Ahmadi refinery. (Bloomberg)
 GIH sells KD2.2mn stake in real estate investments – The
Gulf Investment House (GIH) has exited a stake worth KD2.2mn
in a real estate investment portfolio. GIH said that it has realized
a profit of about KD274,000 on the divestment, which will be
included in its FY2013. (Bloomberg)
 ORPIC plans to start work on $3.6bn Sohar plastics project
– Oman Refineries & Petroleum Industries Company (ORPIC) is
planning to start work on the front engine engineering design
and selection of a technology provider for its $3.6bn integrated
Sohar plastics project by 2013. This project is scheduled to be
completed by 2018. (GulfBase.com)
 Altaaqa Global installs 24MW temporary power plant in
Oman – Altaaqa Global CAT Rental Power has designed and
installed a 24MW temporary power plant in Oman. The
temporary rental power plant will supply power to the country’s
electricity grid when there is a significant increase in the use of
temperature control equipment such as air conditioning and
district cooling. (AME Info)

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
0.7%
(0.0%)
0.5%
0.4%
0.0%
0.6%
0.7%
(0.2%)
0.0%
0.2%
0.4%
0.6%
0.8%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD%
Gold 1,381.23 (1.0) (0.4) (17.6) DJ Industrial 15,409.39 0.7 0.7 17.6
Silver 22.34 (1.5) (0.3) (26.4) S&P 500 1,660.06 0.6 0.6 16.4
Crude Oil (Brent) 104.12 2.1 1.8 (7.7) NASDAQ 100 3,488.89 0.9 0.9 15.5
Euro 1.29 (0.6) (0.6) (2.6) DAX 8,480.87 1.2 2.1 11.4
Yen 102.37 1.4 1.0 18.0 FTSE 100 6,762.01 1.6 1.6 14.7
GBP 1.50 (0.4) (0.6) (7.5) CAC 40 4,050.56 1.4 2.4 11.2
CHF 1.02 (1.4) (1.6) (6.3) Nikkei 14,311.98 1.2 (2.1) 37.7
AUD 0.96 (0.2) (0.4) (7.5) Shanghai 2,321.32 1.2 1.4 2.3
USD Index 84.10 0.5 0.5 5.4 BSE Sensex 20,160.82 0.6 2.3 3.8
RUB 31.49 0.4 0.3 3.2 Bovespa 56,036.26 (0.6) (0.7) (8.1)
BRL 0.48 (0.8) (1.0) (1.0) RTS 1,399.11 1.0 0.8 (8.4)
130.3
117.6
108.2