1. Page 1 of 6
QE Intra-Day Movement
Qatar Commentary
The QE index rose 0.9% to close at 9,420.0. Gains were led by the Telecoms
and Industrials indices, gaining 1.8% and 1.0% respectively. Top gainers were
Al Ahli Bank and Vodafone Qatar, rising 4.6% and 1.9% respectively. Among
the top losers, Doha Insurance Co. fell 1.0%, while Qatar Cinema & Film Dist.
Co. declined 0.9%.
GCC Commentary
Saudi Arabia: The TASI index declined 0.2% to close at 7,690.4. Losses were
led by the Banking & Financial Services and Agriculture & Food Industries
indices, declining 0.9% and 0.8% respectively. Saudi Printing & Packaging Co.
fell 2.5%, while Savola Group was down 2.0%.
Dubai: The DFM index rose 1.0% to close at 2,391.6. The Investment &
Financial Services index gained 1.7%, while the Services index was up 1.6%.
Takaful-Emarat rose 4.6%, while Ajman Bank was up 4.2%.
Abu Dhabi: The ADX benchmark index gained 0.1% to close at 3,705.7. The
Industrial index rose 2.7%, while the Telecommunication index was up 1.3%.
Ras Al Khaimah Ceramic Co. gained 9.9%, while Arkan Building Materials Co.
was up 3.9%.
Kuwait: The KSE index rose 0.2% to close at 7,882.3. Gains were led by the
Technology and Basic Material indices, rising 2.0% and 1.3% respectively.
Kuwait Cable Vision rose 7.4%, while National Industries Co. was up 7.1%.
Oman: The MSM index gained 0.1% to close at 6,490.7. The Industrial index
rose 0.2%, while the Services & Insurance index was up 0.1%. Oman Cement
gained 3.1%, while Al Anwar Holding was up 2.3%.
Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD%
Al Ahli Bank 55.00 4.6 6.5 12.2
Vodafone Qatar 9.14 1.9 1,415.8 9.5
Ooredoo 126.70 1.8 123.8 21.8
Industries Qatar 161.40 1.6 287.0 14.5
Al Khaleej Takaful Group 43.90 1.4 12.3 19.7
Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD%
Vodafone Qatar 9.14 1.9 1,415.8 9.5
United Development Co. 22.00 0.0 522.0 23.6
Barwa Real Estate Co. 27.35 0.9 433.9 (0.4)
Masraf Al Rayan 27.75 0.5 400.5 11.9
Qatar Gas Transport Co. 18.48 0.5 389.8 21.1
Market Indicators 11 July 13 10 July 13 %Chg.
Value Traded (QR mn) 197.5 111.7 76.8
Exch. Market Cap. (QR mn) 517,399.3 512,531.4 0.9
Volume (mn) 5.2 2.2 133.2
Number of Transactions 2,462 1,672 47.2
Companies Traded 40 34 17.6
Market Breadth 26:12 20:11 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 13,458.97 0.9 0.5 19.0 N/A
All Share Index 2,380.53 0.8 0.4 18.2 12.8
Banks 2,275.15 0.9 (0.1) 16.7 12.0
Industrials 3,130.94 1.0 0.6 19.2 11.6
Transportation 1,675.72 0.2 (1.4) 25.0 11.8
Real Estate 1,843.91 0.5 1.1 14.4 11.8
Insurance 2,225.72 (0.0) 0.6 13.4 15.6
Telecoms 1,327.72 1.8 4.2 24.7 15.1
Consumer 5,517.37 (0.2) 0.1 18.1 22.5
Al Rayan Islamic Index 2,817.81 0.7 0.7 13.2 14.0
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
Al Ahli Bank Qatar 55.00 4.6 6.5 12.2
Jabal Omar Dev. Co. Saudi Arabia 30.90 4.4 11,798.1 62.6
Ajman Bank Dubai 2.24 4.2 3,767.6 57.7
Comm. Facilities Co. Kuwait 0.310 3.3 0.5 (10.1)
Dubai Investments Dubai 1.56 3.3 44,682.2 83.1
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
Investbank Abu Dhabi 2.45 (5.4) 200.0 51.2
Aramex Dubai 2.63 (3.0) 1,305.7 31.5
Agility Kuwait 0.670 (2.9) 404.0 37.9
Saudi Prin. & Pack. Co. Saudi Arabia 27.50 (2.5) 3,215.2 (25.7)
SAVOLA Saudi Arabia 50.00 (2.0) 176.0 25.0
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. 26.00 (1.0) 2.1 5.9
Qatar Cinema & Film Dist. Co. 55.00 (0.9) 0.2 (3.3)
Salam International Inv. Co. 13.02 (0.8) 75.1 2.8
Medicare Group 42.70 (0.8) 16.7 19.6
Qatar German Co. for Med. Dev. 16.00 (0.5) 4.0 8.3
Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD%
Industries Qatar 161.40 1.6 46,094.6 14.5
Ooredoo 126.70 1.8 15,543.3 21.8
Vodafone Qatar 9.14 1.9 12,797.9 9.5
QNB Group 161.50 1.3 12,297.7 23.4
Barwa Real Estate Co. 27.35 0.9 11,810.5 (0.4)
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* 9,419.97 0.9 0.5 1.6 12.7 68.01 142,077.9 11.8 1.7 4.9
Dubai 2,391.63 1.0 5.6 7.6 47.4 117.04 61,099.0 15.4 1.0 3.4
Abu Dhabi 3,705.65 0.1 4.0 4.3 40.9 57.44 106,585.4 11.1 1.4 4.7
Saudi Arabia 7,690.38 (0.2) 0.3 2.6 13.1 902.94 409,526.4 16.2 2.0 3.6
Kuwait 7,882.32 0.2 (1.0) 1.4 32.8 74.85 108,242.6 21.8 1.2 3.6
Oman 6,490.67 0.1 0.8 2.4 12.7 10.73 22,614.0 10.7 1.7 4.2
Bahrain 1,189.82 (0.0) (0.1) 0.2 11.7 1.46 21,249.7 8.7 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)
9,250
9,300
9,350
9,400
9,450
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 rose 0.9% to close at 9,420.0. The Telecoms and
Industrials indices led the gains.
 Al Ahli Bank and Vodafone Qatar were the top gainers, rising
4.6% and 1.9% respectively. Among the top losers, Doha
Insurance Co. fell 1.0%, while Qatar Cinema & Film Dist. Co.
declined 0.9%.
 Volume of shares traded on Thursday rose by 133.2% to 5.2mn
from 2.2mn on Wednesday. However, as compared to the 30-
day moving average of 9.5mn, volume for the day was 45.6%
lower. Vodafone Qatar and United Development Co. were the
most active stocks, contributing 27.4% 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
Jebel Ali Free Zone
(JAFZ)
Fitch Dubai
LT IDR/ JAFZ Sukuk
(2019) Ltd's senior
secured rating
B+/(B+/'RR4) B+/(B+/RR4) – Stable –
Al Fajer Retakaful
Insurance Co. (Al
Fajer Re)
A.M. Best Kuwait FSR/ ICR B++/bbb+ B++/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, ICR – Issuer Credit Rating)
Earnings Releases
Company Market Currency
Revenue
(mn) 1H2013
% Change
YoY
Operating Profit
(mn) 1H2013
% Change
YoY
Net Profit (mn)
1H2013
% Change
YoY
Saudi Real Estate Co.
(Akaria)
Saudi Arabia SR – – 35.9 2.3% 19.2 -48.2%
Oman Chlorine Co. (OCC)* Oman OMR – – – – 1.7 12.0%
Source: Company data, Tadawul, MSM (*1H2013 Results)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
07/11 US Bureau of Labor Stat. Import Price Index (MoM) June -0.20% 0.00% -0.70%
07/11 US Bureau of Labor Stat. Import Price Index (YoY) June 0.20% 0.40% -1.90%
07/11 US Department of Labor Initial Jobless Claims 6-July 360K 340K 344K
07/11 US Department of Labor Continuing Claims 29-June 2977K 2955K 2953K
07/11 US Bloomberg Bloomberg Consumer Comfort 7-July -27.3 – -27.5
07/12 US Bureau of Labor Stat. Producer Price Index (MoM) June 0.80% 0.50% 0.50%
07/12 US Bureau of Labor Stat. Producer Price Index (YoY) June 2.50% 2.10% 1.70%
07/12 EU Eurostat Euro-Zone Ind. Prod. sa (MoM) May -0.30% -0.30% 0.50%
07/12 EU Eurostat Euro-Zone Ind. Prod. wda (YoY) May -1.30% -1.30% -0.60%
07/11 France INSEE CPI MoM June 0.20% 0.20% 0.10%
07/11 France INSEE CPI YoY June 0.90% 0.90% 0.80%
07/11 Germany Destasis Wholesale Price Index (MoM) June -0.40% – -0.40%
07/11 Germany Destasis Wholesale price Index (YoY) June 0.70% – -0.10%
07/12 Spain INE CPI MoM June 0.10% 0.20% 0.20%
07/12 Spain INE Consumer Price Index (YoY) June 2.10% 2.10% 1.70%
07/12 Japan METI Industrial Production (MoM) May 1.90% – 0.90%
07/12 Japan METI Industrial Production YOY% May -1.10% – -3.40%
07/12 Japan METI Capacity Utilization (MoM) May 2.30% – 1.59%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
Overall Activity Buy %* Sell %* Net (QR)
Qatari
Non-Qatari

3. Page 3 of 6
News
Qatar
 QNB Group: Qatar continues to enjoy a strong economy –
According to a report released by QNB Group, Qatar continues
to enjoy a strong economy as the country’s real GDP expanded
by 6.2% in 1Q2013. QNB Group expects real GDP growth to
accelerate during the remainder of 2013 (reaching 6.5% for the
full year) and 6.8% into 2014. This growth will be supported by
large infrastructure investments and associated population
growth, which will more than offset the strong headwinds from
the global economy. The report found that manufacturing was
the fastest growing sector (12.5% growth), boosted by
production from the new Pearl gas-to-liquids (GTL) facility.
Construction is also booming with 11.7% growth (6.3% in
1Q2013), indicating that the rollout of Qatar’s infrastructure
development program is gathering steam. On the other hand,
the largest sector, oil & gas, was the lowest contributor to
growth, expanding only at 0.8% annually as maintenance
downtime at LNG facilities and fluctuations in oil production in
late 2012 affected the first quarter results. Financial services
benefited from the booming economy, growing at 10.5%
annually (5.8% in the first quarter alone). The actual figures for
1Q2013 are in line with QNB Group’s full-year forecasts of 6.5%
growth in 2013 and 6.8% in 2014, as outlined in the 2013 Qatar
Economic Insight report. (Bloomberg)
 QIA in talks to buy German oil exploration firm – Qatar’s
sovereign wealth fund Qatar Investment Authority (QIA) has
reportedly held initial talks with German utility RWE for buying its
oil & gas exploration and production unit. (GulfBase.com)
 QatarGas to halt LNG Train 6 for one month – Qatar
Liquefied Gas Company (QatarGas) is planning to shut its Train
6 LNG plant in early October for maintenance. Moreover,
QatarGas’ Train 7 will halt in March for one month and the
Laffan condensate refinery will halt for about 30 days from the
middle of January. (Gulf-Times.com)
 Tasweeq to offer seven Al-Shaheen cargoes for September
loading – Qatar International Petroleum Marketing Company
(Tasweeq) is offering to sell seven cargoes of Al-Shaheen crude
totaling 4.2mn barrels for September loading. (Bloomberg)
 DBIS to disclose the semi-annual financials on July 28 –
Dlala Brokerage and Investment Holding (DBIS) will disclose the
reviewed financial reports for the period ending June 30, 2013
on July 28, 2013. (QE)
 Qatari Investors Group to disclose the semi-annual
financials on August 4 – Qatari Investors Group will disclose
the reviewed financial reports for the period ending June 30,
2013 on August 4, 2013. (QE)
International
 Fitch cuts French credit rating on budget, economy woes –
Fitch cut France's credit rating by one notch to AA-plus, citing a
deteriorating debt outlook and an uncertain economic
environment as the Eurozone crisis risked flaring up anew. The
outlook on its new rating is Stable. Fitch said causes for concern
includes a weaker economic output, a jump in the French
unemployment rate, budget deficits and subdued external
demand. (Reuters)
 S&P downgrades Italy's biggest banks, insurer – S&P cut its
credit ratings on the two biggest Italian banks, UniCredit and
Intesa Sanpaolo, as well as that of insurer Generali, following its
downgrade of Italy's sovereign rating. Ratings for UniCredit SpA,
the parent company of UniCredit, and the long-term rating of
Intesa Sanpaolo, were lowered to BBB from BBB+, both with a
Negative outlook. Ratings for Generali were reduced to A- from
A, with a Negative outlook. The moves followed an S&P
downgrade of Italy's sovereign credit rating to BBB from BBB+,
with a Negative outlook. (Reuters)
 Portugal requests delay of bailout review due to crisis –
Portugal's government has requested a delay in the next regular
review of the country's bailout by its creditors due to the current
political situation. The delay is one of the first direct effects on
the country's 78-billion-euro bailout caused by a political crisis
which erupted last week with the resignation of the finance and
foreign ministers. The finance ministry said in a statement the
8th and 9th reviews of the economy by officials from the
European Commission, European Central Bank and IMF will
now take place jointly at the end of August and early September.
(Reuters)
 S&P upgrades Ireland outlook, nurturing bailout success
hopes – S&P has upgraded its outlook on Ireland's credit rating
to Positive from Stable, saying its debt may fall faster than
expected, nurturing European Union hopes for at least one
bailout success story. The upgrade on Ireland's BBB-plus rating
comes ahead of a planned year-end exit from its EU/IMF bailout,
and backs its status as Europe's strongest bailed out economy
amid political turmoil in Portugal and Greece. (Reuters)
 IEA: OPEC output drops 1.2% in June – According to the data
released by the International Energy Agency (IEA), crude oil
production in the Organization of Petroleum Exporting Countries
(OPEC) dropped by 370,000 barrels per day (1.2%) in June,
mainly due to worsening supply disruptions in Libya, Nigeria and
Iraq. IEA said OPEC has pumped 30.61mn bpd in June as
compared with 30.98mn bpd in May. (Bloomberg)
Regional
 Saudi Arabia, Bahrain assign firms to study construction of
railway bridge parallel to King Fahd Causeway – Saudi
Arabia and Bahrain have assigned five firms to study the
construction of a railway bridge parallel to the King Fahd
Causeway. Bahrain’s Minister of Transport Kamal bin Ahmed
said the project will be linked to internal networks in both Saudi
Arabia and Bahrain, and then connected the projected
causeway which will link Bahrain with Qatar. He added that the
rail project study is part of the 2,177 kilometer GCC region
railway project, which will run from Kuwait to Dammam, to
Bahrain via the causeway, and then to Qatar across a new
causeway to be established between the two countries. The
main line from Dammam will continue to the UAE through the
Batha crossing point heading to Abu Dhabi, Al Ain and then to
Oman via Sohar, terminating at Muscat. He also said that the
feasibility study to link Bahrain and Saudi Arabia to the GCC
railway project is expected to be completed by 1Q2014.
Preliminary studies indicate the project cost to be about $10bn
which is projected to be completed by 2018. (GulfBase.com)
 IMF: Saudi oil production to be below 2012 levels – The IMF
said Saudi Arabia’s oil production is likely to fall below its 2012
level. The IMF said the Kingdom’s economic growth is projected
to slow down to 4% in 2013, below 5.1% in 2012. The IMF also
said inflation is expected to ease toward year-end in line with
declining international food prices. With oil prices and production
expected to be lower, fiscal & external surpluses are projected
to narrow this year. (IMF, Bloomberg)
 Bank AlJazira reports SR167mn net profit in 2Q2013 – Bank
AlJazira has reported a net profit of SR167mn in 2Q2013,
reflecting a YoY increase of 29.5%. The bank’s net profit
increased by 14.7% YoY in 1H2013 to SR312mn. EPS stood at

4. Page 4 of 6
SR1.04 in 1H2013 as compared to SR0.91 in 1H2012. Total
assets at the end of June 2013 stood at SR56.2bn over
SR47.1bn in June 2012. Loans & advances rose by 22.3% YoY
to SR33.3bn, while customer deposits were up by 21.2% YoY to
SR45.2bn. (Tadawul)
 Saudi Aramco gets Japan’s approval to extend crude
storage deal – The Saudi Arabian Oil Company (Saudi Aramco)
has obtained approval from Japan to store its crude in the
country beyond the end of 2013. The initial agreement allowed
Saudi Aramco to store up to 3.8mn barrels of crude in Okinawa,
southwest Japan, for three years ending December 2013.
(Reuters)
 Gulf Union receives SAMA’s approval to practice insurance
activities – Gulf Union Cooperative Insurance (Gulf Union) has
obtained approval from the Saudi Arabian Monetary Agency
(SAMA) for the renewal of the permit to practice its insurance &
reinsurance activities in the Kingdom, from July 7, 2013 for a
period of three years. (Tadawul)
 IEA: UAE’s June oil output at 2.73mn bpd – According to the
data released by the IEA, the average June oil output in the
UAE stood unchanged from May at 2.73mn bpd. IEA said the
UAE’s sustainable oil production capacity was 2.9mn bpd in
June, while its average crude supply during 2Q2013 was
2.72mn bpd, higher than 1Q2013’s average supply of 2.67mn
bpd. (Bloomberg)
 WTTC: UAE’s travel & tourism outpacing global growth –
According to a report released by the World Travel & Tourism
Council (WTTC), travel & tourism in the UAE is growing notably
faster than the world GDP growth average, contributing 14% to
the economy in 2012 and exceeding the global average of 9%.
The WTTC has also forecasted a further rise of 3.2% in 2013,
highlighting the sector’s increasing importance in the Emirate’s
overall economic development. Meanwhile, JW Marriott Marquis
Dubai is set to launch a second tower, bringing the total room
count in the hotel to 1,608. (GulfBase.com)
 Dubal awards order to Rockwell for expanding Emal’s
capacity – Dubai Aluminum (Dubal) has signed an agreement
with Rockwell Automation to provide a commercial pot-control
system for its proprietary DX+ Technology, currently being
installed in the Phase II expansion at Emirates Aluminum (Emal)
in Abu Dhabi. This system is a major part of a multi-million dollar
project that will add 520,000 additional tons of capacity to
Emal’s potlines. On completion, Emal will be one of the largest
single-site aluminum smelters in the world with a total production
capacity of 1.3mn tons per year. (GulfBase.com)
 Etihad buys seven flight simulators for $200mn – Etihad
Airways has signed a $200mn deal with Canadian manufacturer
CAE to double the capacity of its training academy by
purchasing seven full-flight simulators. Etihad has currently
undertaken a multi-million dollar extension project at its training
academy, which is due for completion in early November 2013,
with the first of the new A320, scheduled for delivery later that
month. (GulfBase.com)
 Emirates to begin daily Kiev flights from January 16 –
Emirates Airlines is set to launch its daily services to Kyiv
Boryspil International Airport in Kiev, Ukraine from January 16,
2014, marking its first flight to the country. (GulfBase.com)
 DeVere Group buys Acuma – Independent financial advisory
organization DeVere Group's CEO Nigel Green said his
company has acquired Acuma, a wealth management firm in the
UAE. (AME Info)
 SCAD: Abu Dhabi’s inflation up in June due to food prices –
According to a report released by the Statistics Centre- Abu
Dhabi (SCAD) on the consumer price index (CPI), rising food
prices have pushed inflation to 0.9% in June in Abu Dhabi. The
report said the CPI rose to 123.5 points during 1H2013, up from
122.4 points in 1H2013. The report also said that the CPI
climbed 0.5% MoM in June due to a 1.2% increase in food
prices and a 2.4% rise in the restaurants & hotel group. The
SCAD report added that prices of the alcoholic beverages &
tobacco group grew 8.5%, followed by the furnishings,
household equipment & routine household maintenance groups,
which went up 3.4%. Transport cost was higher by 2.9%, while
the restaurants & hotels group showed a surge of 2.4%.
(GulfBase.com)
 ADCB buys back shares worth AED377.2mn – The Abu
Dhabi Commercial Bank has bought back shares worth
AED377.2mn (77.6mn shares), representing 1.387% of its total
stock, which were repurchased at a price of AED4.86 each.
ADCB is due to report its second-quarter earnings on July 22.
Meanwhile, in a Reuters poll, six analysts forecast the ADCB to
post a 6.87% rise in its net profit for the period. (GulfBase.com)
 ADIA to invest $200mn in Indian real estate – The Abu Dhabi
Investment Authority (ADIA) is planning to invest about $200mn
in Indian real estate. ADIA has appointed Kotak Realty Fund,
run by Kotak Mahindra Bank, to find suitable properties and
invest the money on its behalf. (GulfBase.com)
 ADAC signs advertisement partnership with JCDecaux –
Abu Dhabi Airports Company (ADAC) has signed a 10-year
partnership with JCDecaux Out Of Home, to exclusively operate
the advertising concession at the Abu Dhabi International
Airport, Al Bateen Executive Airport and Al Ain International
Airport. The agreement will also introduce high definition LCD
screens, spectacular video walls and interactive innovative
digital technology that is both entertaining and informative to
passengers. (GulfBase.com)
 Al Jaber to settle $4.5bn deal with its creditors – Abu Dhabi-
based Al Jaber Group is set to announce a deal with its creditors
to complete a $4.5bn financial restructuring that has taken
nearly three years to negotiate. (Bloomberg)
 Kohinoor Foods to sell 20% stake to Al Dahra – India-based
Kohinoor Foods Company has planned to sell 20% of its shares
to Abu Dhabi-based Al Dahra with an option to buy another
4.99% in six months. Kohinoor is set to sell shares at 160 Indian
rupees each to Al Dahra. (Bloomberg)
 Malaysian JV gets Kuwait power plant deal – A JV of
Malaysian power firm Tenaga Nasional has obtained a
KD88.9mn contract to operate and maintain a power plant in
Kuwait. Tenaga said the KD88.9mn contract for the Shuaiba
North Co-General Plant was awarded to its unit, TNB Repair &
Maintenance and its Kuwaiti partner Kharafi National.
(GulfBase.com)
 Kuwait Banks interested in Turkey’s Adabank – According to
sources, the International Investor may submit a joint bid along
with Kuwait lenders such as Warba Bank to buy Adabank from
Turkey’s Savings Deposit Insurance Fund (TMSF). Kuwaiti
group of banks is also considering applying for Islamic banking
license in Turkey if it fails to buy Adabank. Moreover, the Kuwaiti
group is considering setting up consumer finance unit in Turkey.
(Bloomberg)
 Sokouk concludes KD33.9mn debt settlement – Sokouk
Holding Company’s Chairman Feras Fahad Ahmed Al Bahar
said the company has completed a debt settlement worth
KD33.9mn. AREF Investment Group was the main holder and

5. Page 5 of 6
Kuwait Finance House was the creditor in the debt settlement
process over the last couple of years. Al Bahar said that Sokouk
has consequently managed to achieve gains worth KD12.4mn
(24 fils per share), thus positively affecting the company's
financial structure. He added that the company also benefitted
from positive results made by Monshaat company in which it
owns 27.7% share, thus bringing the total profits of the debt
settlement deal to KD5mn. (Bloomberg)
 Jazeera eyes new aircraft deals in 2014 – Kuwait-based
Jazeera Airways chairman Marwan Boodai the airline is
planning to buy new aircraft in 2014. He added that the carrier’s
remaining two Airbus A320s are scheduled to be delivered in
October 2013 and May 2014, and it will then seek to purchase
more jets in order to take its fleet size beyond 20 aircraft.
(Bloomberg)
 Oman crude, condensates production rises 4.49% –
According to a report released by the Oman Ministry of Oil &
Gas, Oman’s crude oil and condensates production in June
2013 amounted to 28.4mn barrel, an average of 948,245 barrel
a day, representing an increase of 4.49% MoM. The report also
added that the total exported crude oil in June 2013 amounted
to 25.1mn barrel, an average of 836,920 bpd, a rise of 3.22%
MoM. The report pointed out that the Asian markets have
received, as usual, the bulk share of the Omani crude oil
exports. (Gulf-Times.com)
 Oman awards OMR28.8mn tenders for infrastructure
development – Oman’s Tender Board has awarded tenders
valued at OMR28.8mn for the infrastructure development in the
country. (Bloomberg)
 Oman Cement opens mill after maintenance works – The
Oman Cement Company has started its cement mill after
carrying out its maintenance works successfully. (MSM)
 Ahli United Bank to plan Tier I, perpetual bond – Bahrain-
based Ahli United Bank is planning to sell perpetual bonds to
help boost its Tier 1 capital. HSBC Holdings, Morgan Stanley
and Goldman Sachs Group Inc may manage the sale of the
debt. (Bloomberg)
 UGB acquires 100,000 shares of Manafae Investment – The
United Gulf Bank (UGB) has acquired 100,000 shares (0.05%)
in the Manafae Investment Company. (Bahrain Bourse)
 Batelco launches 4G LTE mobile broadband – The Bahrain
Telecommunications Company (Batelco) has launched its
superfast 4G LTE network by introducing the 4G LTE mobile
broadband for use with any WiFi device at home. (Bahrain
Bourse)

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
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Page 6 of 6
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg
80.0
90.0
100.0
110.0
120.0
130.0
140.0
Jan-10 Aug-10 Mar-11 Oct-11 May-12 Dec-12 Jul-13
QE Index S&PPan Arab S&P GCC
(0.2%)
0.9%
0.2%
(0.0%)
0.1% 0.1%
1.0%
(0.4%)
0.0%
0.4%
0.8%
1.2%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD%
Gold/Ounce 1,285.70 (0.0) 5.1 (23.3) DJ Industrial 15,464.30 0.0 2.2 18.0
Silver/Ounce 19.94 (1.1) 5.4 (34.3) S&P 500 1,680.19 0.3 3.0 17.8
Crude Oil (Brent)/Barrel 109.45 1.3 1.2 (3.0) NASDAQ 100 3,600.08 0.6 3.5 19.2
Natural Gas (Henry
Hub)/MMBtu
3.61 (0.9) 3.4 6.4 STOXX 600 296.20 (0.1) 2.7 5.9
LPG Propane (Arab Gulf)/Ton 810.00 0.0 2.0 (16.4) DAX 8,212.77 0.7 5.2 7.9
LPG Butane (Arab Gulf)/Ton 807.00 0.0 2.2 (16.7) FTSE 100 6,544.94 0.0 2.7 11.0
Euro 1.31 (0.2) 1.9 (1.0) CAC 40 3,855.09 (0.4) 2.7 5.9
Yen 99.22 0.3 (2.0) 14.4 Nikkei 14,506.25 0.2 1.4 39.5
GBP 1.51 (0.5) 1.5 (7.1) MSCI EM 945.36 0.3 3.0 (10.4)
CHF 1.06 0.1 1.8 (3.3) SHANGHAI SE Composite 2,039.49 (1.6) 1.6 (10.1)
AUD 0.90 (1.5) (0.2) (12.9) HANG SENG 21,277.28 (0.7) 2.0 (6.1)
USD Index 82.99 0.3 (1.7) 4.0 BSE SENSEX 19,958.47 1.4 2.4 2.7
RUB 32.63 0.1 (2.1) 6.9 Bovespa 45,533.24 (2.3) 0.7 (25.3)
BRL 0.44 (0.6) (0.6) (9.5) RTS 1,348.81 2.0 6.3 (11.7)
135.4
120.9
110.0