1. Page 1 of 6
QE Intra-Day Movement
Qatar Commentary
The QE index declined 0.7% to close at 9,361.1. Losses were led by the Real
Estate and Transportation indices, declining 2.0% and 0.9% respectively. Top
losers were Dlala Brok. & Inv. Holding Co. and United Development Co., falling
2.8% and 2.6% respectively. Among the top gainers, Qatar German Co. for
Med. Dev. rose 1.1%, while Qatar Telecom gained 0.6%.
GCC Commentary
Saudi Arabia: The TASI index gained 0.8% to close at 7,526.3. Gains were
led by the Real Estate Development and Insurance indices, rising 2.4% and
1.3% respectively. Saudi Indian Co. for Cooperative Insurance rose 9.9%,
while Makkah Construction & Development Co. was up 7.1%.
Dubai: The DFM index fell 0.1% to close at 2,379.5. The Services index
declined 1.5%, while the Investment & Financial Services index was down
1.1%. Gulf Finance House fell 4.4%, while Ekttitab Holding Co. was down
4.3%.
Abu Dhabi: The ADX benchmark index gained 0.5% to close at 3,659.5. The
Industrial index rose 1.9%, while the Banking index was up 0.8%. Finance
House surged 14.8%, while Arkan Building Materials Co. was up 13.6%.
Kuwait: The KSE index fell 0.1% to close at 8,075.6. Losses were led by the
Insurance and Basic Material indices, declining 1.1% and 0.9% respectively.
Investors Holding Group fell 6.5%, while Contracting & Marine Services Co.
was down 5.7%.
Oman: The MSM index declined 0.3% to close at 6,493.5. The Services &
Insurance index fell 0.3%, while the Banking & Investment index was down
0.2%. Acwa Power Barka declined 2.1%, while Bank Sohar was down 1.5%.
Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD%
Qatar German Co. for Med. Dev. 15.98 1.1 167.0 8.1
Qatar Telecom 124.80 0.6 98.8 20.0
Aamal Co. 14.58 0.6 41.2 7.1
Qatar Electricity & Water Co. 157.50 0.4 83.5 19.0
Qatar Industrial Manufacturing Co. 52.20 0.2 13.3 (1.7)
Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD%
United Development Co. 23.90 (2.6) 3,110.0 34.3
Barwa Real Estate Co. 27.20 (1.6) 826.2 (0.9)
Qatar Gas Transport Co. 18.22 (0.8) 781.6 19.4
Masraf Al Rayan 27.35 0.2 549.2 10.3
Qatar & Oman Investment Co. 13.59 (0.8) 451.4 9.7
Market Indicators 18 June 13 17 June 13 %Chg.
Value Traded (QR mn) 339.1 402.2 (15.7)
Exch. Market Cap. (QR mn) 513,536.0 517,508.2 (0.8)
Volume (mn) 8.8 11.2 (21.1)
Number of Transactions 4,248 4,108 3.4
Companies Traded 39 39 0.0
Market Breadth 6:30 23:14 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 13,374.79 (0.7) (1.3) 18.2 N/A
All Share Index 2,367.00 (0.7) (1.2) 17.5 12.9
Banks 2,210.97 (0.9) (1.3) 13.4 11.9
Industrials 3,165.41 (0.5) (1.4) 20.5 11.8
Transportation 1,684.04 (0.9) (1.7) 25.6 11.9
Real Estate 1,900.83 (2.0) (1.5) 17.9 12.1
Insurance 2,298.18 (0.3) (1.4) 17.0 15.1
Telecoms 1,313.08 0.5 (0.2) 23.3 15.0
Consumer 5,548.96 (0.8) (0.5) 18.8 22.6
Al Rayan Islamic Index 2,844.67 (1.0) (1.4) 14.3 14.2
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
Makkah Cons. & Dev. Saudi Arabia 75.25 7.1 2,545.5 85.3
Gulf Cable & Electrical Kuwait 1.04 4.0 85.8 (17.5)
United Real Estate Co. Kuwait 0.11 3.7 4,029.8 (6.7)
SADAFCO Saudi Arabia 85.75 3.3 182.8 32.4
Kuwait Int. Bank Kuwait 0.32 3.3 3,612.6 6.8
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
Nat. Marine Dredging Abu Dhabi 7.75 (10.0) 0.1 (22.5)
United Dev. Co. Qatar 23.90 (2.6) 3,110.0 34.3
Gulf Warehousing Co. Qatar 42.00 (2.2) 27.7 25.4
Aldar Properties Abu Dhabi 2.34 (2.1) 46,903.4 84.3
Dubai Investments Dubai 1.52 (1.9) 28,066.5 78.4
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%
Dlala Brok. & Inv. Holding Co. 28.20 (2.8) 138.5 (9.3)
United Development Co. 23.90 (2.6) 3,110.0 34.3
Doha Insurance Co. 26.50 (2.2) 4.1 7.9
Gulf Warehousing Co. 42.00 (2.2) 27.7 25.4
Islamic Holding Group 38.20 (1.8) 30.7 0.5
Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD%
United Development Co. 23.90 (2.6) 75,346.2 34.3
Industries Qatar 162.40 (1.0) 46,532.9 15.2
Commercial Bank of Qatar 71.00 (0.1) 30,292.6 0.1
QNB Group 151.70 (1.4) 25,758.2 15.9
Barwa Real Estate Co. 27.20 (1.6) 22,726.1 (0.9)
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* 9,361.05 (0.7) (1.3) 1.3 12.0 93.13 141,017.0 11.9 1.7 4.9
Dubai 2,379.49 (0.1) (0.8) 0.5 46.7 142.12 61,194.9 15.3 1.0 3.5
Abu Dhabi 3,659.54 0.5 (0.1) 2.7 39.1 127.83 106,197.9 11.2 1.3 4.8
Saudi Arabia 7,526.29 0.8 (1.3) 1.7 10.7 1,584.28 401,611.5 16.0 2.0 3.7
Kuwait 8,075.58 (0.1) 1.8 (2.7) 36.1 215.33 109,549.3 25.4 1.4 3.3
Oman 6,493.46 (0.3) (1.0) 1.2 12.7 14.88 22,758.9 11.1 1.7 4.3
Bahrain 1,204.41 (0.1) 0.5 0.7 13.0 0.67 21,377.2 8.8 0.9 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)
9,360
9,380
9,400
9,420
9,440
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 0.7% to close at 9,361.1. The Real
Estate and Transportation indices led the losses. The index
declined on the back of selling pressure from non-Qatari
shareholders despite buying support from Qatari shareholders.
 Dlala Brok. & Inv. Holding Co. and United Development Co. were
the top losers, falling 2.8% and 2.6% respectively. Among the
top gainers, Qatar German Co. for Med. Dev. rose 1.1%, while
Qatar Telecom gained 0.6%.
 Volume of shares traded on Tuesday declined by 21.1% to
8.8mn from 11.2mn on Monday. Further, as compared to the 30-
day moving average of 12.4mn, volume for the day was 28.4%
lower. United Development Co. and Barwa Real Estate Co. were
the most active stocks, contributing 35.2% and 9.3% 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
Jebel Ali Free Zone
(JAFZ)
Fitch Dubai
LT IDR/ JAFZ Sukuk
(2019) Limited's senior
secured rating
B+/(B+/RR4) B+/(B+/RR4) – Stable –
United Real Estate
Company (URC)
CI Kuwait
KD60mn unsecured
bond# – BBB- – Positive –
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) (
#
Provisional rating)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
06/18 US Bureau of Labor Stat. Consumer Price Index (MoM) May 0.10% 0.20% -0.40%
06/18 US Bureau of Labor Stat. Consumer Price Index (YoY) May 1.40% 1.40% 1.10%
06/18 US Bureau of Labor Stat. Consumer Price Index NSA May 232.95 233.06 232.53
06/18 US US Census Bureau Housing Starts May 914K 950K 856K
06/18 US US Census Bureau Housing Starts MOM% May 6.80% 11.40% -14.80%
06/18 EU ZEW ZEW Survey (Econ. Sentiment) June 30.6 – 27.6
06/18 Germany ZEW ZEW Survey (Econ. Sentiment) June 38.5 38.1 36.4
06/18 UK ONS PPI Input NSA (MoM) May -0.30% 0.00% -2.30%
06/18 UK ONS PPI Input NSA (YoY) May 2.20% 2.50% -0.10%
06/18 UK ONS PPI Output n.s.a. (MoM) May 0.00% 0.00% -0.20%
06/18 UK ONS PPI Output n.s.a. (YoY) May 1.20% 1.40% 0.90%
06/18 UK ONS ONS House Price YoY April 2.60% 2.50% 2.70%
06/18 UK ONS CPI (MoM) May 0.20% 0.10% 0.20%
06/18 UK ONS CPI (YoY) May 2.70% 2.60% 2.40%
06/18 UK ONS Retail Price Index May 250 250 249.5
06/18 UK ONS RPI (MoM) May 0.20% 0.20% 0.30%
06/18 UK ONS RPI (YoY) May 3.10% 3.10% 2.90%
06/18 China National Bureau of Stat. Actual FDI (YoY) May 0.30% – 0.40%
06/18 Japan
Ministry of Economy
Trade & Industry
Industrial Production (MoM) April 0.90% – 0.10%
06/18 Japan
Ministry of Economy
Trade & Industry
Industrial Production YOY% April -3.40% – -7.20%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
 Qatar monthly banking update – Deposits declined by 2.4%
MoM (+11.5% YTD) due to a 7.4% MoM drop in public sector
deposits, while loans increased by 1.2% MoM (+5.5% YTD) in
May 2013. Hence, the sector loan-to-deposit ratio (LDR) rose to
105% in May 2013 versus 102% at the end of April 2013. (QCB)
 QE introduces QCB bonds for trading – The Qatar Exchange
(QE) has introduced government bonds issued by the Qatar
Central Bank (QCB) for trading on the exchange commencing
on June 20, 2013. Bond trading has been initiated to support the
development of the financial market in Qatar on the one hand,
and diversification of investment tools available for institutions
and investors on the other. The trading of government bonds
follows the trading of treasury-bills, which was launched in
December 2011. At the launch of the government bond market,
four bonds will be available for trading and it is expected that
future quarterly issues will also be listed on the market. (QE)
Overall Activity Buy %* Sell %* Net (QR)
Qatari 62.15% 58.58% 12,089,853.81
Non-Qatari 37.85% 41.41% (12,089,853.81)

3. Page 3 of 6
 GISS releases 5-year business plan; 2013 net income
guidance below expectations, however – Gulf International
Services (GISS) said it will continue to focus on organic
opportunities, principally around increasing medical insurance
market share & acquiring additional helicopters, rigs and other
related drilling services under its five year plan for 2013-17. The
company expects its revenue and net profit to increase
significantly over the planning period. Strong performance is
expected due to new assets deployment, new operations and
market development. Growth is expected across all segments of
the company. In 2013, GISS expects its revenue to reach
QR1,950.3mn, up roughly 25% YoY. Net income is however
expected to decline ~2% YoY to QR455.6mn (23.4% NM) vs.
QR464.3mn in 2012. This is lower than the consensus forecast
(caveat: one estimate) of QR534mn and also below its
annualized 1Q2013 net income of QR543mn. The company
expects a 2013 EBITDA of QR556.9mn (28.6% EBITDA
margin). GISS stated that its insurance & reinsurance sector
revenue is expected to touch QR0.7bn in 2013 and grow
moderately thereafter driven by a strong performance of the
medical line. The aviation services sector is expected to report
QR537mn revenue in 2013; it is expected to grow at a steady
pace thereafter. However, salaries and wage inflation of
~QR50m in 2013 will crimp profitability this year. Longer-term,
this segment will benefit from the new higher rate aircraft with
net fleet to grow to 51 (2017) vs. 41 (2012). Meanwhile, the
drilling services segment is expected to reach QR821.1mn in
2013, with long-term growth mainly on the back of new offshore
rigs and jack-up barge. This segment’s net profit for 2013 will
rise sharply vs. 2012, and increase steadily thereafter. GISS
said its catering services segment’s revenue will grow to
QR750mn in 2013 and subsequently grow moderately
thereafter. The growth in this segment will be driven by Qatar
Petroleum’s new investment program. (GISS Press Release,
QNBFS)
 AECOM bags $148mn Doha Expressway contract – AECOM
Technology Corporation has won a $148mn contract to provide
construction-supervision and design-review services for a part of
the Doha Expressway program for three years. The company
will work on a 105-mile expressway which will facilitate sea
freights' moving in and out of the New Port Project in Doha.
(Bloomberg)
 QTA: Global tourists’ influx to Qatar up by 10% YoY in 2012
– According to a report released by the Qatar Tourism Authority
(QTA), Qatar witnessed an increase of 13% YoY in the number
of tourists arriving from the GCC region and 10% YoY from
across the world in 2012. The report showed that 81 hotels in
2012 offered a total of 13,407 rooms, achieving 60% occupancy
rates. The report also showed that in 1Q2013, hotel occupancy
has surged by 68%, despite the steady increase in the number
of hotels in Doha. The report said that the hotel occupancy has
increased to 16% YoY, even as the hotel number increased to
87. Moreover, the total number of tourists arriving from the GCC
region countries totaled 952,856 in 2012. Half of these tourists
came from Saudi Arabia. The report also said that 217,540
visitors came to Qatar from non-GCC countries in 2012
compared to 197,301 in 2011, indicating that majority of visitors
from non-GCC countries came for business related activities.
(Qatar Tribune)
 Trading suspended in VFQS’ shares due to AGM, EGM –
The Qatar Exchange (QE) has announced a suspension in
trading of the Vodafone Qatar Company’s (VFQS) shares on
June 19, 2013 due to its AGM and EGM scheduled on that day.
(QE)
International
 EU's Rehn: Eurozone must agree on bank recaps – EU
Economic & Monetary Affairs Commissioner Olli Rehn said
Eurozone finance ministers must hammer out an agreement on
how to recapitalize their banks at a meeting being held this
week. In June 2012, the bloc's leaders had agreed that the
European Stability Mechanism (ESM) should be able to directly
recapitalize debt-stricken banks, if a government is unable to do
so, but the exact rules for such capital injections had not been
finalized. Now, policymakers are expected to agree a limit on
how much money the ESM may use for recapitalizations, while
ensuring that they do not eat into its resources. (Reuters)
 Draghi: ECB rates becoming more effective again – The
European Central Bank (ECB) Chief Mario Draghi said the ECB
is ready to aid the Eurozone economy if needed, while the
current signs of market stabilization mean that interest rates are
becoming a more effective tool again. (Reuters)
 German economy to slow in summer – Bundesbank,
Germany’s central bank, said the country’s economy will slow
down this summer despite a spring recovery, citing weaker
industrial orders and export data. The central bank said
expectations for production for the months ahead have been
markedly scaled back in line with slightly weaker orders in April.
However, the bank said despite a weak start to the year, real
GDP is expected to grow strongly in 2Q2013. (Economic Times)
 Japan economic growth upgraded, likely to outperform
other advanced nations – According to a Reuters poll, Japan's
economy will likely to grow faster than expected, driven by
aggressive monetary stimulus despite the recent surge in the
yen. The nation’s economy is expected to outperform other
advanced nations, if only in the near term. That optimism comes
from Prime Minister Shinzo Abe's unprecedented measures to
stimulate the economy suffering from two decades long on-off
recessions and persistent deflation. (Reuters)
Regional
 FDI inflow to Arab countries grows 9.8% YoY in 2012 –
According to a report of the Arab Investment & Export Credit
Guarantee Corporation (Dhaman), FDI inflows into Arab
countries rose by 9.8% YoY to reach $47.1bn in 2012. The
report showed that out of 20 Arab countries, 15 countries
witnessed increases in FDI inflows in 2012, despite the
tumultuous events of the Arab Spring. (GulfBase.com)
 SABIC’s UK plant makes dramatic turnaround – Saudi Basic
Industries Corp (SABIC) has announced that its petrochemical
ethylene liquefaction plant located on Teesside, UK has
witnessed a dramatic turnaround and is on track to make
productivity gains of more than £10mn this year. This follows an
intensive reliability program with change management
specialists and reliable manufacturing. (GulfBase.com)
 Saudi Council urges Saudia to shape up its operations –
Saudi Arabia’s Council of Ministers has urged Saudi Arabian
Airlines (Saudia) to increase the number of its domestic flights
and the number of seats to all destinations to meet rising
passenger demand. The council advised Saudia to improve the
quality of its services as well. (GulfBase.com)
 KHC eyes world's big cities for mile-high tower; Kingdom
Tower to be ready by 2017 – Kingdom Holding Company
(KHC) is considering the world's largest cities - including
Shanghai, Moscow, London and New York - as possible
locations for building a mile-high skyscraper that would be the
world's tallest building. KHC has invited Emaar Properties to
team up on this mega project. Meanwhile, KHC Executive

4. Page 4 of 6
Director Talal Al Maiman said its existing project, the 1,000
meter high Kingdom Tower's structure is expected to reach
ground level by the end of 2013 and will be completed by 2017.
Being built in Jeddah, the Kingdom Tower is expected to cost
around SR4.6bn and will include a hotel, retail and luxury
residential project. (GulfBase.com)
 Al Khodari Sons signs SR290.1mn Islamic credit deal with
GIB – Abdullah A. M. Al-Khodari Sons Company (Al Khodari
Sons) has signed an Islamic credit facilities agreement valued
SR290.1mn with the Gulf International Bank (GIB). These credit
facilities will provide for bonding commitments and fund the
working capital and capex requirements of the company.
Moreover, 52% of these facilities are funded under Murabaha
modes of financing, whereas 48% limits are for multi-purpose
bonds and documentary credits. These credit limits shall mature
over the contractual life of the financed projects, which is 48
months. The Murabaha facilities are to be liquidated through a
monthly installment of SR2mn. (Tadawul)
 Al Khodari Sons renews Islamic credit facilities agreement
– Al Khodari Sons has signed a renewal agreement for
SR245mn Islamic credit facilities with Al-Rajhi Bank. Al-Rajhi
Bank has renewed these facilities for the purpose of providing
bonding commitments, fund capital requirements and working
capital needs for specific projects and general businesses of Al
Khodari Sons. In addition, 61% of the facilities shall be utilized
under Murabaha and 39% are for multi-purpose bonds and
documentary credit till the expiry of the agreement by March 31,
2014. The repayment is to be made after the maturity of
applicable tenor of the facility, for which it would be drawn.
These facilities are secured by promissory note and assignment
of the contract proceeds of to be financed projects. (Tadawul)
 Sipchem awards contract for SR600mn plant to
ThyssenKrupp – Saudi International Petrochemical Company
(Sipchem) has awarded to ThyssenKrupp a contract worth
SR600mn for building a poly-butylene plant. This plant will be
financed by the Saudi Industrial Development Fund, other
partners, and trade financing, which is expected to be completed
in 4Q2014. (Bloomberg)
 Sipchem picks HSBC as adviser for Sahara merger –
Sipchem has picked HSBC Holdings to advice on the firm's
proposed merger with Sahara Petrochemical. (Reuters)
 Al-Khodari Sons gets SR65mn cleaning contract for East
Arar – Al Khodari Sons has completed the signing of a contract
worth SR65mn with the Ministry of Municipal & Rural Affairs
(Northern Borders Municipality) for East Arar waste collection
and disposal. Al-Khodari Sons expects to complete the project in
1,825 days from the date of site handing over and expects its
financial impact to be visible in 2Q2013. (Tadawul)
 Dubai, China trade up 19% YoY in 1Q2013 – The trade
between the Emirate of Dubai and China grew by 19% YoY to
AED31bn in 1Q2013. In terms of imports, China was Dubai’s top
partner during 2012 accounted for AED111bn with a share of
15% of Dubai’s total imports. The Emirate’s trade volume from
China grew by 13% YoY to AED115bn in 2012. (GulfBase.com)
 DEWA repays $871mn sukuk – The Dubai Electricity & Water
Authority (DEWA) has repaid AED3.2bn sukuk. The sukuk was
initially issued in June 2008. (GulfBase.com)
 Eagle Proprietary acquires Sri Lankan Heraymila – Dubai-
based Eagle Proprietary Investments has acquired Sri Lanka-
based Heraymila Securities Limited and Heraymila Capital
Limited. These two companies will be rebranded as Candor
Equities Limited and Candor Asset Management Limited. (AME
Info)
 ADNOC, Lulu subsidiary sign deal for Ruwais Shopping
Mall – The Abu Dhabi National Oil Company (ADNOC) and Lulu
Group International’s subsidiary, Line Investment & Property
(LIP) have signed an agreement, which allows LIP to handle
operations and management of the Ruwais Shopping Mall in
Gharbia. (Bloomberg)
 Investment Dar seeks 50% debt cut with lenders –
Investment Dar Company has reportedly asked its creditors to
take a 50% write-down on the company’s debt as it seeks to
meet repayments after defaulting on a loan three years ago.
Under the optional plan, creditors will receive a cash payment
worth 5.7% of their outstanding debt and a portion of a new
Islamic loan equal to about 44% of their current exposure.
Investment Dar’s stake in Aston Martin and other real estate
holdings will be among the assets backing the new credit facility.
(Bloomberg)
 NBK Group, VIVA sign $270mn multi-currency finance deal
– National Bank of Kuwait Group (NBK Group) and the Kuwait
Telecommunication Company (VIVA) have signed a multi-
currency financing agreement worth $270mn to finance VIVA's
plans to upgrade its network and expand in Kuwait. This
financing includes a $70mn Murabaha facility from Boubyan
Bank, a member of NBK Group. The tenor of the financing is five
years. (AME Info)
 NBK opens its new branch in Abu Dhabi – The National Bank
of Kuwait (NBK Group) has opened a new branch in Abu Dhabi.
The Abu Dhabi branch comes as part of the NBK’s expansion
strategy in the UAE, which began with its first branch in Dubai in
2008. (GulfBase.com)
 Zain Kuwait to expand into cloud computing, internet
services – The Mobile Telecommunication Company’s (Zain
Kuwait) CEO Scott Gegenheimer said the company will make
acquisitions and build partnerships in software-based industries
in 2013 to exploit the rising demand for data and help offset
falling income from conventional call and text. (Qatar Tribune)
 Oman central bank urges for fiscal reforms – The Oman
Central Bank said the country should consider fiscal reforms as
a priority since continued growth in public spending may be
unsustainable in the long run. The central bank’s warning
echoed a report issued by the IMF last week, which stated
Oman needed to contain state spending and raise non-oil
revenue in the medium term to keep its finances sustainable.
(Peninsula Qatar)
 Sembcorp JV chooses HSBC to manage Oman share sale –
Singapore-based Sembcorp Utilities has appointed HSBC
Holdings to manage a public share offer of its JV, Sembcorp
Salalah Power & Water Company in Oman. (Reuters)
 CBB’s Sukuk Al-Ijara oversubscribed by 135% – The Central
Bank of Bahrain’s (CBB) monthly issue of the short-term Islamic
leasing bonds, Sukuk Al-Ijara has been subscribed by 135%.
CBB received subscriptions worth BHD27mn for the BHD20mn
issue, which carries a maturity of 182 days. The expected return
on this issue, which matures on December 19, 2013, is 0.80%
compared to 0.85% for the previous issue. (AME Info)
 Bahrain introduces new green plan to tackle power, water –
Bahrain’s Minister of State for Electricity & Water Affairs Dr
Abdulhussain Mirza said Bahrain has introduced a three-phase
“green” plan to tackle spiraling energy and water consumption.
He added that Bahrain will increase its production plants,
electricity transmission & distribution networks, including a grid
that connects all six Gulf countries. He also said that the
scheme will also seek alternative sources of energy, aimed at

5. Page 5 of 6
conserving electricity & water and reducing pollution.
(GulfBase.com)
 Baytik Industrial Oasis signs lease agreement with MRS
Fashions – Kuwait Finance House’s subsidiary Baytik Industrial
Oasis Company has signed a five-year renewable lease
agreement with MRS Fashions for 9,500 square meters of
purpose-built light industrial building at Phase 1 of Baytik
Industrial Oasis, situated in the Bahrain International Investment
Park. (AME Info)

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,
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.
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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
0.8%
(0.7%)
(0.1%) (0.1%)
(0.3%)
0.5%
(0.1%)
(1.0%)
(0.5%)
0.0%
0.5%
1.0%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD%
Gold 1,367.65 (1.3) (1.7) (18.4) DJ Industrial 15,318.23 0.9 1.6 16.9
Silver 21.68 (0.9) (1.9) (28.6) S&P 500 1,651.81 0.8 1.5 15.8
Crude Oil (Brent) 106.20 0.2 0.2 (5.9) NASDAQ 100 3,482.18 0.9 1.7 15.3
Euro 1.34 0.2 0.3 1.5 DAX 8,229.51 0.2 1.2 8.1
Yen 95.33 0.9 1.1 9.9 FTSE 100 6,374.21 0.7 1.0 8.1
GBP 1.56 (0.5) (0.4) (3.8) CAC 40 3,860.55 (0.1) 1.5 6.0
CHF 1.09 0.3 0.1 (0.5) Nikkei 13,007.28 (0.2) 2.5 25.1
AUD 0.95 (0.6) (0.9) (8.7) Shanghai 2,159.29 0.1 (0.1) (4.8)
USD Index 80.61 (0.2) (0.1) 1.1 BSE Sensex 19,223.28 (0.5) 0.2 (1.0)
RUB 31.99 0.8 0.8 4.8 Bovespa 49,464.94 0.8 0.3 (18.8)
BRL 0.46 (0.5) (1.5) (6.0) RTS 1,314.06 0.0 1.6 (13.9)
134.5
119.6
108.7