1. Page 1 of 6
QE Intra-Day Movement
Qatar Commentary
The QE index declined 0.2% to close at 9,340.0. Losses were led by the
Insurance and Real Estate indices, declining 1.4% and 0.4% respectively. Top
losers were Gulf International Services and Qatar Insurance Co., falling 3.7%
and 2.1% respectively. Among the top gainers, Qatar Industrial Manufacturing
Co. rose 2.9%, while Qatar & Oman Investment Co. gained 0.6%.
GCC Commentary
Saudi Arabia: The TASI index declined marginally to close at 7,526.3. Losses
were led by the Real Estate Development and Telecommunication &
Information Technology indices, declining 0.5% each. AXA Cooperative
Insurance Co. fell 3.7%, while Arabia Insurance Cooperative Co. was down
2.1%.
Dubai: The DFM index rose 0.6% to close at 2,392.9. The Transportation
index gained 2.4%, while the Real Estate & Construction index was up 1.2%.
Arabtec Holding rose 5.1%, while Ajman Bank was up 2.9%.
Abu Dhabi: The ADX benchmark index gained 0.2% to close at 3,665.0. The
Banking index rose 0.8%, while the Energy index was up 0.3%. Green
Crescent Insurance rose 9.4%, while Abu Dhabi National Hotels gained 4.2%.
Kuwait: The KSE index declined marginally to close at 8,075.0. Losses were
led by the Consumer Goods and Banking indices, declining 0.5% each. Gulf
Franchising Holding fell 7.7%, while Contracting & Marine Services Co. was
down 6.0%.
Oman: The MSM index fell 0.4% to close at 6,469.1. The Banking &
Investment index declined 0.6%, while the Industrial index was down 0.4%.
Gulf Investment Ser. fell 2.8%, while Al Anwar Holding was down 2.7%.
Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD%
Qatar Industrial Manufacturing Co. 53.70 2.9 48.8 1.1
Qatar & Oman Investment Co. 13.67 0.6 212.1 10.3
QNB Group 152.30 0.4 95.5 16.3
Doha Insurance Co. 26.60 0.4 11.3 8.4
Al Ahli Bank 55.50 0.4 2.5 13.3
Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD%
United Development Co. 23.95 0.2 1,396.7 34.6
Commercial Bank of Qatar 70.70 (0.4) 614.9 (0.3)
Barwa Real Estate Co. 27.00 (0.7) 586.7 (1.6)
Gulf International Services 43.35 (3.7) 497.7 44.5
Masraf Al Rayan 27.20 (0.5) 469.4 9.7
Market Indicators 19 June 13 18 June 13 %Chg.
Value Traded (QR mn) 268.6 339.1 (20.8)
Exch. Market Cap. (QR mn) 513,152.0 513,536.0 (0.1)
Volume (mn) 6.1 8.8 (31.0)
Number of Transactions 3,540 4,248 (16.7)
Companies Traded 35 39 (10.3)
Market Breadth 11:22 6:30 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 13,344.73 (0.2) (1.5) 18.0 N/A
All Share Index 2,362.44 (0.2) (1.4) 17.3 12.8
Banks 2,209.51 (0.1) (1.4) 13.3 11.9
Industrials 3,156.95 (0.3) (1.6) 20.2 11.7
Transportation 1,679.71 (0.3) (2.0) 25.3 11.9
Real Estate 1,894.01 (0.4) (1.8) 17.5 12.1
Insurance 2,266.89 (1.4) (2.7) 15.4 14.9
Telecoms 1,315.80 0.2 (0.0) 23.6 15.0
Consumer 5,540.97 (0.1) (0.7) 18.6 22.6
Al Rayan Islamic Index 2,837.16 (0.3) (1.7) 14.0 14.1
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
Arabtec Holding Co. Dubai 2.28 5.1 92,697.6 22.6
Wataniya Telecom Kuwait 2.34 4.5 4.9 0.0
Abu Dhabi Nat. Hotels Abu Dhabi 2.48 4.2 0.1 40.1
Atheeb Communication Saudi Arabia 15.55 4.0 28,708.6 21.5
Bank of Sharjah Abu Dhabi 1.69 3.7 1,643.8 32.0
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
Nat. Marine Dredging Abu Dhabi 7.00 (9.7) 619.5 (30.0)
Gulf Cable & Electrical Kuwait 0.99 (4.8) 97.0 (21.4)
Gulf Int. Services Qatar 43.35 (3.7) 497.7 44.5
United Real Estate Co. Kuwait 0.11 (3.6) 225.1 (10.0)
United Arab Bank Abu Dhabi 4.15 (3.5) 25.0 34.7
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%
Gulf International Services 43.35 (3.7) 497.7 44.5
Qatar Insurance Co. 61.60 (2.1) 70.5 14.2
Al Khaleej Takaful Group 44.50 (1.0) 3.0 21.4
Mazaya Qatar Real Estate Dev. 11.42 (0.9) 307.4 3.8
National Leasing 38.40 (0.8) 83.3 (15.0)
Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD%
Industries Qatar 162.20 (0.1) 44,868.6 15.0
Commercial Bank of Qatar 70.70 (0.4) 43,623.5 (0.3)
United Development Co. 23.95 0.2 33,592.3 34.6
Gulf International Services 43.35 (3.7) 21,992.7 44.5
Barwa Real Estate Co. 27.00 (0.7) 15,980.6 (1.6)
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* 9,340.01 (0.2) (1.5) 1.1 11.7 73.76 140,911.5 11.8 1.7 4.9
Dubai 2,392.85 0.6 (0.3) 1.1 47.5 153.03 61,222.3 15.4 1.0 3.5
Abu Dhabi 3,664.99 0.1 0.1 2.9 39.3 86.19 106,162.0 11.2 1.3 4.8
Saudi Arabia 7,526.26 (0.0) (1.3) 1.6 10.7 1,486.24 401,802.0 16.0 2.0 3.7
Kuwait 8,074.98 (0.0) 1.8 (2.7) 36.1 157.07 109,393.9 25.4 1.4 3.3
Oman 6,469.09 (0.4) (1.4) 0.8 12.3 10.26 22,623.4 11.0 1.7 4.3
Bahrain 1,202.39 (0.2) 0.3 0.5 12.8 2.30 21,352.1 8.8 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)
9,330
9,340
9,350
9,360
9,370
9,380
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 0.2% to close at 9,340.0. The Insurance
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.
 Gulf International Services and Qatar Insurance Co. were the top
losers, falling 3.7% and 2.1% respectively. Among the top
gainers, Qatar Industrial Manufacturing Co. rose 2.9%, while
Qatar & Oman Investment Co. gained 0.6%.
 Volume of shares traded on Wednesday declined by 31.0% to
6.1mn from 8.8mn on Tuesday. Further, as compared to the 30-
day moving average of 12.1mn, volume for the day was 49.4%
lower. United Development Co. and Commercial Bank of Qatar
were the most active stocks, contributing 22.9% and 10.1% to
the total volume respectively.
Source: Qatar Exchange (* as a % of traded value)
Ratings, Earnings and Global Economic Data
Ratings Updates
Company Agency Market Type* Old Rating New Rating Rating Change Outlook Outlook Change
Ooredoo (formerly
QTEL)
S&P Qatar
LT CCR/ ST CCR/
QTEL International
Finance Ltd’s senior
unsecure debt
A/ A-1/ A A/ A-1/ A – Negative –
Source: News reports (* LT – Long Term, ST – Short Term, FSR- Financial Strength Rating, FCR – Foreign Credit Rating, LCR – Local Currency Rating, CCR – Corporate Credit Rating)
Earnings Releases
Company Market Currency
Revenue
(mn)
% Change
YoY
Operating Profit
(mn)
% Change
YoY
Net Profit (mn)
% Change
YoY
Oman Agriculture
Development Co. (OADC)*
Oman OMR – – – – 1.2 (55.6%)
Source: Company data, MSM (*Financials for the year ended April 30, 2013)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
06/19 US MBA MBA Mortgage Applications 14-June -3.30% – 5.00%
06/19 US Federal Reserve FOMC Rate Decision 19-June – 0.0025 0.0025
06/19 EU Eurostat Construction Output SA MoM April 2.00% – -1.80%
06/19 EU Eurostat Construction Output WDA YoY April -6.60% – -7.30%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
 Qatar’s foreign trade surplus up by 2.2% in April – According
to the data released by the Qatar Statistics Authority (QSA),
Qatar’s foreign trade surplus has increased 2.2% in April 2013.
The trade balance showed a surplus of QR35.2bn, indicating an
increase of QR0.8bn as compared to April 2012. In April 2013,
total export revenues (including exports of domestic goods and
re-exports) were reported at QR43.2bn and the value of imports
amounted to QR8bn. The total value of exports and imports
increased by 2.3% YoY and 2.8% YoY respectively. Export
increase was mainly from the “Petroleum gases and other
gaseous hydrocarbons” segment that showed a rise of 5.1%.
However, the increase has been partially offset by a double digit
drop in exports of “Petroleum oils & oils from bituminous
minerals” (crude). The main destination countries were Japan,
South Korea and India. (Peninsula Qatar)
 Qatar’s gas revenue exceeds oil revenue in April –
According to the latest QSA data, Qatar generated nearly four
times more revenue from gas exports than from crude oil sales
in April 2013. Meanwhile, according to the data released by the
Joint Organizations Data Initiative (JODI), Qatar’s crude export
revenue fell despite a 3% YoY rise in volumes to 617,000 bpd in
April. Further, the average benchmark for crude oil prices fell
sharply from April 2012 to April 2013. (Qatar Tribune)
 QCB elects board of directors – Qatar’s Emir HH Sheikh
Hamad bin Khalifa al Thani has issued an Emiri decision to form
the board of directors for the Qatar Central Bank (QCB). The
QCB Governor Sheikh Abdullah bin Saud bin Abdulaziz al Thani
has been appointed as the Chairman and Deputy Governor
Sheikh Fahd bin Faisal bin Thani al Thani as the Deputy
Chairman. Other board members appointed are: Khalaf Ahmed
al Mannai, the representative of the Ministry of Economy &
Finance, Sultan Rashid al Khater, the representative of the
Ministry of Business & Trade, Dr Ibrahim Ibrahim, Dr Saleh
Mohammed al Nabit, and Nasser Ahmed al Shaibi. (Qatar
Tribune)
 QNB Group named Best Bank in Qatar and Middle East –
QNB Group has been awarded the “Best Bank in Qatar” title by
the Banker Middle East for the third consecutive year.
Additionally, the group has been recognized on the regional
level with the “Best Bank in the Middle East” award.
(GulfBase.com)
 S&P affirms Ooredoo’s ratings with Negative outlook –
Standard & Poor's has affirmed Ooredoo’s (formerly QTEL) long
Overall Activity Buy %* Sell %* Net (QR)
Qatari 51.79% 55.48% (9,912,664.35)
Non-Qatari 48.21% 44.52% 9,912,664.35

3. Page 3 of 6
and short-term corporate credit ratings at A/A-1 and QTEL
International Finance’s senior unsecure debt at A, with a
Negative outlook. At the same time, S&P said these ratings
were removed from CreditWatch, where they had been placed
with negative implications. (Bloomberg)
 CBQK to dissolve Gekko – The Board of Directors of The
Commercial Bank of Qatar has reviewed the operating
performance of and future potential for, Gekko LLC (“the
Company”) and has approved the dissolution of the Company.
The Company was formed as a joint venture in which
Commercial. Bank owns 50% of the shares to market
contactless payment cards. The impact on the financial
performance of Commercial Bank will be minimal. (Bloomberg)
 Qatari Diar to buy Sama Dubai’s 70% stake in Salam Yiti –
Qatar Diar Real Estate Investment Company is planning to take
Sama Dubai’s 70% stake in the Salam Yiti integrated tourism
complex project, which was halted in 2009 due to the global
economic crisis. (GulfBase.com)
 VFQS reports 25% YoY revenue growth – In its recent AGM,
Vodafone Qatar (VFQS) announced that it has achieved a
revenue growth of 25% YoY, while there was 30% YoY growth
in its mobile customer base, which stood at 1.1mn in the year
ended March 31, 2013. VFQS also disclosed its first full year of
distributable profit in FY2013, which also saw the service
provider’s earnings before interest, tax, depreciation and
amortization going up by 97% to QR284mn. VFQS’ AGM has
approved a proposal to reinvest the distributable profit of
QR2mn in the company’s business. Moreover, the average
revenue per user improved 8% to QR121 in FY2013. (Gulf-
Times.com)
 QA signs maintenance agreement for CF6 engines with GE
Aviation – Qatar Airways (QA) has signed a 10-year
maintenance cost per hour agreement with GE Aviation
Services for the continued maintenance, repair and overhaul
service of its Airbus A330 aircraft powered by CF6-80E engines.
(AME Info)
 DBIS’ BoD elects Chairman, Vice Chairman – Dlala
Brokerage & Investment Holding Company’s (DBIS) board of
directors has elected Nasser Hamad Al Sulaiti as new the
Chairman and Jaber Hajjaj Al Shahwani as the Vice Chairman
of the company. (QE)
International
 Fed likely to reduce bond buying this year – The US Federal
Reserve Chairman Ben Bernanke said the US economy is
expanding strongly enough for the central bank to begin slowing
down the pace of its bond-buying stimulus later this year.
Bernanke said a steady moderate growth should lead to a
further healing in the job market as headwinds facing the US
economy ease. He also said policymakers expect inflation to
move back up toward their long-term 2% goal. He added that
the jobless rate should have declined to near 7% from its current
rate of 7.6% by the time Fed’s bond purchases are halted. If its
forecasts proved too optimistic, the Fed could stop reducing its
bond purchases or even raise them again. (Reuters)
 BoE Governor calls for more stimulus, bank reform – The
Bank of England (BoE) Governor Mervyn King said Britain's
economic recovery is not yet secure and more needs to be done
to ensure that the country's banks no longer pose a threat to
taxpayers. He said a recovery in the UK, albeit modest, is
underway, but growth is not yet strong enough to reduce the
considerable margin of spare capacity in the economy.
(Reuters)
 IMF: Ireland on track for bailout exit – The IMF said Ireland
has a good chance of exiting its bailout this year, but would
benefit from more European support in cleaning up its indebted
banks and a safety net of precautionary funding. The fund said
Ireland’s policy program is sound and adjustment is being
delivered, providing a reasonably strong prospect for its
success. (Reuters)
 IMF finds Spain making progress, warns on jobs and banks
–The IMF said Spain has made strong progress in fixing its
economy, but needs to do more to put back millions of people to
work and shield its fragile banks from recession. Echoing the
European Commission’s recent recommendations, the IMF said
the Spanish government should further reform its labor laws to
make it easier for firms to modify shifts or reduce wages rather
than dismiss workers and cut taxes to promote job creation. The
fund said Spain should also make its deficit-reduction program
more growth- and jobs-friendly. (Reuters)
 China June flash HSBC PMI hits nine month low on weak
demand – China's factory activity weakened to a nine-month
low in June as demand faltered, heightening risks that a second
quarter slowdown could be sharper than expected and raising
the heat on the central bank to loosen policy. China's flash
HSBC Purchasing Managers' Index fell to 48.3 in June from
May's final reading of 49.2. It was the weakest level since
September. (Reuters)
Regional
 HSBC: Intra-Mena trade may double to $300bn by 2020 –
HSBC MENA Deputy Chairman & CEO Simon Cooper said
intra-regional trade in the MENA region has the potential to
double to $300bn by the end of this decade. Meanwhile,
according to HSBC Global Research, the GCC region will earn
more from oil over the 2011-14 period than it did in the previous
15 years combined. (Gulf-Times.com)
 ABCC: Arab countries accounted for up to 20% of Brazilian
oil imports – According to the data released by the Arab-
Brazilian Chamber of Commerce (ABCC), the Arab region has
been an important partner for Brazil in oil trade as Arab
countries collectively accounted for up to 20% of Brazilian oil
imports. The data showed that during January to April 2013
period, Brazil had imported around $2.8bn worth of mineral fuel,
oil, gas and other energy products from different Arab countries.
The data also showed that Saudi Arabia is Brazil's largest oil
supplier with over $1bn exports in this period. The other leading
oil exporting countries during this period were Algeria
($867.8mn), Kuwait ($508.2mn), the UAE ($129.8mn), Iraq
($104.0mn), Libya ($77.8mn), Qatar ($36.2mn), and Bahrain
($0.7mn). (GulfBase.com)
 JODI: Saudi crude output, exports rise MoM in April –
According to the data released by the Joint Organization Data
Initiative (JODI), oil production in Saudi Arabia rose to 9.3mn
barrels per day in April 2013, compared with 9.1mn bpd in
March, while exports edged 0.3% higher during this period. The
data showed that the Kingdom exported 7.4mn bpd of crude oil
and condensates in April, up from 7.4mn bpd in March. The data
also showed that Saudi Arabia used 378,000 bpd in its power
stations and water-desalination plants in April 2013, down from
the 441,000 bpd used in April 2012, but up from the 368,000
bpd consumed a month earlier. Meanwhile, the Kingdom raised
production by 3% MoM to 9.6mn bpd in May on the back of
higher demand, which raised supplies to the market to 9.6mn
bpd from 9.2mn bpd in April. (Bloomberg)
 Saudi fast food chain Kudu up for sale – Saudi fast food
chain Kudu’s majority stake has been placed for sale. The

4. Page 4 of 6
chain’s lender reached out to around 40 interested parties for
the stake sale, including private equity firms such as KKR,
Carlyle Group and other strategic investors. HSBC Holdings is
arranging the sale and has initiated the bidding process.
(Reuters)
 National Water completes SR840mn waterworks project for
Mecca – The National Water Company has completed a
waterworks project around Mecca worth SR840mn to help
accommodate more pilgrims who visit the holy city. (Bloomberg)
 Taiba Holding’s board recommends SR45mn dividend for
2Q2013 – Taiba Holding Company’s board has recommended
the distribution of dividends worth SR45mn (SR0.3 per share),
representing 3% of the share value to its shareholders for
2Q2013. Shareholders who are registered on the exchange as
on June 30, 2013 are eligible for this dividend. (Tadawul)
 Yanbu’s BoD recommends SR562.5mn dividend for 1H2013
– Yanbu National Petrochemical Company’s board of directors
has recommended the distribution of dividends worth
SR562.5mn (SR1 per share), representing 10% of the share
value to its shareholders for 1H2013. Shareholders who are
registered in the registers of the Securities Depository Center as
on July 3, 2013 are eligible for this dividend. (Tadawul)
 Abraaj agrees to buy West Africa’s Fan Milk – Abraaj Group
has agreed to buy a West African manufacturer of frozen dairy
products & juices “Fan Milk International” as part of its plan to
boost investments in Africa. Abraaj said Fan Milk’s acquisition is
expected to be completed by the end of November 2013.
(Bloomberg)
 DP World extends maturity on $1bn loan by a year – DP
World said that it has extended the maturity date on a $1bn
revolving credit facility for an additional year as it secured
attractive market terms. DP World stated that the loan’s maturity
has been extended to 2Q2018 from 2Q2017. According to
Reuters data, the original loan carried an interest rate of 225
basis points over the London interbank offered rate. (Reuters)
 Emal mandates six banks for bond sale – The Emirates
Aluminum Company (Emal) has picked six banks for a possible
bond sale in 2013. HSBC Holdings, Citigroup, BNP Paribas,
Royal Bank of Scotland, Emirates NBD and the National Bank of
Abu Dhabi will help manage the sale. Emal may raise about
$1bn from the bond sale, which is expected in 4Q2013 if market
conditions permit. (Bloomberg)
 Atlantis the Palm to pay 5.5% initial margin on loan –
According to sources, Atlantis the Palm, a resort located on the
Palm island off Dubai’s coast, is set to pay an initial interest rate
of 5.5% to raise an $850mn syndicated loan. Interest on the loan
will be linked to leverage and will be reduced as the debt
decreases or as the hotel’s earnings improve. The margin on the
facility, whose tenor will be just over five years, could fall to
about 3% within two years. Atlantis the Palm will use the debt
facility to refinance a $700mn 12-year term loan arranged in
2005 to fund its construction. The resort has hired Abu Dhabi
Commercial Bank, Barclays, Commercial Bank of Dubai, HSBC
Holdings, the National Bank of Abu Dhabi and Union National
Bank to organize the new facility. (Bloomberg)
 DSOA launches Phase-3 of its Cedre Villas project – The
Dubai Silicon Oasis Authority (DSOA), an integrated free zone
technology park, has launched Phase-3 of its Cedre Villas
project. The AED285mn extension to the Cedre Villas will add
160 luxury villas, taking the total count to 1,207. Phase-3 villas
will be delivered in three stages during March, July and
September 2014. (AME Info)
 Etihad to launch double daily flights to Malaysia – Etihad
Airways is set to add a new daily flight between Abu Dhabi and
Kuala Lumpur in Malaysia to double its daily service from July
15, 2013. (GulfBase.com)
 SCAD: Abu Dhabi's non-oil output expands as economy
reduces oil dependence – According to the data released by
the Statistics Centre–Abu Dhabi (SCAD), Abu Dhabi's non-oil
economy grew close to 10% in 2012. SCAD said that rapid
activity across sectors such as property, education, professional
services and trade led the rise in economic growth. SCAD
added that non-oil output rose by 9.6% at current prices,
compared to 7.7% expansion across the overall economy and
non-oil segments contributed about 43.5% to growth in 2012.
(Bloomberg)
 ADAC to offer tender on Abu Dhabi's Midfield Terminal –
The Abu Dhabi Airports Company (ADAC) is all set to put out for
tender bids on the next major contract on the vast Midfield
Terminal after completing its first big construction milestone this
week. ADAC said builders have poured the first structural
concrete slab in its 700,000 square meter basement as work
gathers pace on the terminal, which is due to be completed by
3Q2017. ADAC added that the new terminal will have an initial
capacity of 30mn passengers and has also been designed to
accommodate both a high-speed rail link and a metro
connection in the future. (GulfBase.com)
 Kuwait inflation climbs to 2.8% YoY in April – According to a
report published by Kuwait's statistics office, inflation in the
country climbed to 2.8% YoY in April 2013 compared to 2.2% in
March, mainly due to a sharp rise in food and housing prices.
The report showed that the housing costs rose 3.2% YoY (-0.1%
MoM) in April, while the food prices jumped 4.9% on an annual
basis and rose 1.2% over the previous month. Meanwhile,
analysts polled by Reuters expected Kuwait's average inflation
to be 3.5% in 2013, up from an upwardly revised 3.3% in 2012.
(GulfBase.com)
 KFH's capital increase oversubscribed – Kuwait Finance
House's (KFH) Chairman Muhammad Ali Al-Khudairy said its
offer for a capital increase of 20% has been oversubscribed.
Earlier, the company's EGM had approved a capital increase in
the proposed quantity of shares of 500 fils per share (100 fils par
value and 400 fils premium) totaling KD319mn. (GulfBase.com)
 Omran, affiliates to add 3,650 new hotel rooms in five years
– The Oman Tourism Development Company (Omran) and its
JV affiliates have planned to add around 3,650 new hotel rooms
in four and five star hotel categories in the next five to seven
years. These projects, such as the hotels coming up at the
Oman Convention & Exhibition Centre, Alila Jabal Akhdar
Resort, Saraya Bandar Jissah, Muriya's hotels in Jebel Sifah,
Salalah and Musandam Resort, are in different stages of
planning, design and construction. (GulfBase.com)
 Oman Air orders five 737-900ER jets, places $200mn order
for Trent 700 engines – Boeing said that it has obtained a firm
order from Oman Air for five 737-900ER planes valued at
$473mn at list prices. Moreover, Oman Air has placed a $200mn
order with Rolls-Royce Holdings for Trent 700 engines to power
three Airbus A330 aircraft. (Reuters)
 Port of Salalah, APL enter into new partnership – Port of
Salalah and APL have entered into a new partnership with the
arrival of APL Salalah, the container vessel named after a city in
Oman. APL Salalah is capable of carrying 10,700 twenty foot
equivalent units. (GulfBase.com)
 Bank Dhofar’s BoD recommends OMR2.2mn dividend –
Bank Dhofar’s board of directors has recommended distributing

5. Page 5 of 6
cash dividends worth OMR2.2mn (1.8% of its share capital) from
the legal case, a total amount OMR26.1mn to its shareholders.
(MSM)
 Al Baraka Turk plans issue of $200mn sukuk – Al Baraka
Bank's Turkish unit Al Baraka Turk General Manager Fahrettin
Yahsi said the bank is working on the issue of a $200mn, 10-
year subordinated sukuk. He also said that the sukuk would be
issued when market conditions are better and added that the
bank would renew its $450mn Murabaha syndication with a
higher volume at the end of September 2013. (GulfBase.com)

6. 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,
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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
(0.0%)
(0.2%)
(0.0%)
(0.2%)
(0.4%)
0.1%
0.6%
(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 1,351.26 (1.2) (2.8) (19.3) DJ Industrial 15,112.19 (1.3) 0.3 15.3
Silver 21.41 (1.2) (3.1) (29.4) S&P 500 1,628.93 (1.4) 0.1 14.2
Crude Oil (Brent) 105.77 (0.4) (0.2) (6.3) NASDAQ 100 3,443.20 (1.1) 0.6 14.0
Euro 1.33 (0.7) (0.4) 0.8 DAX 8,197.08 (0.4) 0.9 7.7
Yen 96.45 1.2 2.3 11.2 FTSE 100 6,348.82 (0.4) 0.6 7.6
GBP 1.55 (1.0) (1.4) (4.7) CAC 40 3,839.34 (0.5) 0.9 5.4
CHF 1.08 (0.9) (0.7) (1.4) Nikkei 13,245.22 1.8 4.4 27.4
AUD 0.93 (2.0) (2.9) (10.6) Shanghai 2,143.45 (0.7) (0.9) (5.5)
USD Index 81.43 1.0 0.9 2.1 BSE Sensex 19,245.70 0.1 0.4 (0.9)
RUB 32.25 0.8 1.7 5.6 Bovespa 47,893.06 (3.2) (2.9) (21.4)
BRL 0.45 (2.1) (3.6) (8.0) RTS 1,291.72 (1.7) (0.2) (15.4)
134.2
119.5
108.6