1. Page 1 of 5
QE Intra-Day Movement
Qatar Commentary
The QE index rose 0.3% to close at 9,310.5. Gains were led by the Insurance
and Real Estate indices, gaining 1.6% and 1.2% respectively. Top gainers were
Al Khaleej Takaful Group and Medicare Group, rising 9.3% and 4.7%
respectively. Among the top losers, Vodafone Qatar fell 1.7%, while Gulf
International Services declined 1.6%.
GCC Commentary
Saudi Arabia: The TASI index gained 0.3% to close at 7,576.6. Gains were
led by the Banks & Financial Services and Industrial Investment indices, rising
1.4% and 0.6% respectively. Makkah Construction & Development Co. rose
4.0%, while Saudi Chemical Co. was up 3.7%.
Dubai: The DFM index fell 0.2% to close at 2,416.4. The Services index
declined 1.6%, while the Transportation index was down 1.2%. Mashreq Bank
and Agility Public Warehousing Co. fell 10.0% each.
Abu Dhabi: The ADX benchmark index declined 0.5% to close at 3,572.3. The
Telecommunication index fell 1.7%, while the Energy index was down 1.3%.
RAK White Cement declined 9.4%, while United Arab Bank was down 6.8%.
Kuwait: The KSE index fell 1.4% to close at 8,086.8. Losses were led by the
Financial Services and Health Care indices, declined 3.0% and 2.0%
respectively. Kuwait Syrian Holding Co. and Future Kid Entertainment & Real
Estate fell 8.8% each.
Oman: The MSM index gained 0.5% to close at 6,453.0. The Banking &
Investment index rose 1.0%, while the Services & Insurance index was up
0.6%. Al Batinah Dev. Inv. Holding gained 8.7%, while Global Financial
Investment was up 8.3%.
Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD%
Al Khaleej Takaful Group 43.90 9.3 121.3 19.7
Medicare Group 43.15 4.7 855.2 20.9
Qatar Islamic Insurance 60.40 3.8 128.6 (2.6)
Zad Holding Co. 61.50 3.0 16.4 4.6
Doha Insurance Co. 26.70 2.7 22.3 8.8
Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD%
Vodafone Qatar 9.31 (1.7) 2,519.3 11.5
United Development Co. 22.68 1.9 2,018.2 27.4
Barwa Real Estate Co. 26.75 0.9 1,351.8 (2.6)
Mazaya Qatar Real Estate Dev. 11.20 (0.9) 1,223.7 1.8
Medicare Group 43.15 4.7 855.2 20.9
Market Indicators 04 June 13 03 June 13 %Chg.
Value Traded (QR mn) 402.2 475.5 (15.4)
Exch. Market Cap. (QR mn) 512,898.4 511,398.8 0.3
Volume (mn) 13.1 15.9 (17.9)
Number of Transactions 5,538 5,971 (7.3)
Companies Traded 39 39 0.0
Market Breadth 24:14 26:9 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 13,302.63 0.3 0.8 17.6 N/A
All Share Index 2,360.18 0.3 0.7 17.2 12.8
Banks 2,187.61 0.6 (0.0) 12.2 11.8
Industrials 3,171.41 (0.4) (0.1) 20.7 11.8
Transportation 1,720.70 (0.5) 3.5 28.4 12.2
Real Estate 1,841.46 1.2 2.7 14.3 11.8
Insurance 2,323.77 1.6 1.3 18.3 15.3
Telecoms 1,315.68 0.7 2.2 23.5 15.0
Consumer 5,627.12 0.4 1.3 20.5 23.0
Al Rayan Islamic Index 2,820.22 0.4 1.1 13.3 14.0
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
Nat. Bank of Fujairah Abu Dhabi 3.70 14.9 0.5 (18.7)
Dubai Financial Market Dubai 1.96 5.9 102,040.5 92.2
Comm. Bank of Dubai Dubai 4.10 5.1 1,000.0 36.7
Makkah Con. & Dev. Saudi Arabia 58.50 4.0 904.2 44.1
Saudi Chemical Co. Saudi Arabia 48.10 3.7 2,053.2 7.6
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
Al Ahli Bank of Kuwait Kuwait 0.49 (5.8) 698.7 (6.4)
United Arab Bank Abu Dhabi 4.15 (5.7) 89.9 34.7
Atheeb Communication Saudi Arabia 15.20 (5.6) 15,284.2 18.8
Nat. Industries Group Kuwait 0.26 (5.5) 10,692.5 21.5
Kuwait Cement Co. Kuwait 0.36 (5.3) 173.9 (18.9)
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%
Vodafone Qatar 9.31 (1.7) 2,519.3 11.5
Gulf International Services 45.95 (1.6) 258.5 53.2
Qatar Navigation 75.30 (1.6) 74.1 19.3
Islamic Holding Group 39.55 (1.1) 115.0 4.1
Qatar Industrial Manufacturing Co. 52.00 (1.0) 3.0 (2.1)
Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD%
Industries Qatar 165.00 (0.8) 48,223.9 17.0
United Development Co. 22.68 1.9 45,422.2 27.4
Medicare Group 43.15 4.7 36,419.0 20.9
Barwa Real Estate Co. 26.75 0.9 35,993.8 (2.6)
National Leasing 37.15 0.4 23,812.0 (17.8)
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* 9,310.54 0.3 0.8 0.8 11.4 110.45 140,841.9 11.8 1.7 5.0
Dubai 2,416.41 (0.2) 2.1 2.1 48.9 298.10 62,131.6 15.5 1.0 3.5
Abu Dhabi 3,572.27 (0.5) 0.3 0.3 35.8 93.72 104,725.1 10.9 1.3 4.9
Saudi Arabia 7,576.63 0.3 2.3 2.3 11.4 2,275.26 406,313.2 16.1 2.0 3.7
Kuwait 8,086.81 (1.4) (2.6) (2.6) 36.3 433.13 110,984.9 24.7 1.4 3.3
Oman 6,453.02 0.5 0.5 0.5 12.0 42.95 22,732.0 11.2 1.7 4.3
Bahrain 1,200.69 0.1 0.4 0.4 12.7 1.25 21,327.7 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)
9,260
9,270
9,280
9,290
9,300
9,310
9,320
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 rose 0.3% to close at 9,310.5. The Insurance and
Real Estate indices led the gains. The index rose on the back of
buying support from Qatari shareholders despite selling pressure
from non-Qatari shareholders.
 Al Khaleej Takaful Group and Medicare Group were the top
gainers, rising 9.3% and 4.7% respectively. Among the top
losers, Vodafone Qatar fell 1.7%, while Gulf International
Services declined 1.6%.
 Volume of shares traded on Tuesday declined by 17.9% to
13.1mn from 15.9mn on Monday. However, as compared to the
30-day moving average of 10.1mn, volume for the day was
29.3% higher. Vodafone Qatar and United Development Co.
were the most active stocks, contributing 19.3% 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
National Bank of
Kuwait (NBK)
Fitch Kuwait
LT IDR/ST
IDR/VR/SR/SR
floor/CP
AA-
/F1+/a/1/AA-
/F1+
AA-
/F1+/a/1/AA-
/F1+
– Stable –
NBKI (NBK’s UK
subsidiary)
Fitch Kuwait LT IDR/ST IDR/SR AA-/F1+/1 AA-/F1+/1 – Stable –
Gulf Bank (GB) Fitch Kuwait
LT IDR/ST
IDR/VR/SR/SR floor
A+/F1/b+/1/A+ A+/F1/bb-/1/A+ * Stable –
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, IDR - Issuer Default Rating,
SR – Support Rating, VR - Viability Rating, CP - Commercial paper) (*Rating upgrade for VR)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
06/04 US Bloomberg IBD/TIPP Economic Optimism June 49.0 50.0 45.1
06/04 US US Census Bureau Trade Balance April -$40.3bn -$41.1bn -$37.1bn
06/04 EU Eurostat Euro-Zone PPI (MoM) April -0.60% -0.20% -0.20%
06/04 EU Eurostat Euro-Zone PPI (YoY) April -0.20% 0.20% 0.60%
06/04 UK BRC BRC Sales Like-For-Like YoY May 1.80% 1.30% -2.20%
06/04 UK Markit PMI Construction May 50.8 49.8 49.4
06/04 Spain Spanish Labour Ministry Unemployment MoM Net ('000s) May -98.3 -50.0 -46.1
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
 QCB: Qatar’s T-bill yields lowest since October 2012 –
According to the data published by the Qatar Central Bank
(QCB), yields in Qatar's Treasury bill auction fell to their lowest
level since October 2012. The data showed that yield on 91-day
T-bills eased to 0.82% from 0.87% in May, while yield for 182-
day T-bills went down to 0.98% from 1.05% and for 273-day
notes, it was 1.04% from 1.09%. QCB issued T-bills worth
QR4bn from the market and total bids rose to QR11.1bn for all
three maturities combined vs. QR10.5bn in May 2013. (Reuters)
(QSA)
 Milaha’s share repurchase program approved by QFMA –
Milaha (Qatar Navigation) has received approval from the Qatar
Financial Market Authority (QFMA) for its proposed share
repurchase program of up to 5% of its outstanding shares. (Gulf-
Times.com)
 Doha Metro to have 48 stations – Qatar Rail Commercial
Manager Stephen Lines said the 131 kilometer Doha Metro
Railway will have at least 48 stations and half of the facility
would be built underground at depths up to 50 meters. He added
that the elevated portion of the Metro railway is 48 kilometer
long and its construction is expected to be completed in 2019.
(Gulf-Times.com)
 Qapco initiates QR600mn green initiative – The Qatar
Petrochemical Company (Qapco) is set to complete two major
projects in as many years as part of its QR600mn initiative to
minimize emissions and safeguard the environment. With these
projects, which are to be executed during a general shutdown
planned in 2014 and in 2015, Qapco aims at a significant
reduction in nitrogen oxide and carbon dioxide emissions.
Qapco said that its new petrochemical complex at Ras Laffan is
on track for completion in 2018. (Gulf-Times.com)
 BCG report: Qatar has highest density of millionaires in
world – According to the Boston Consulting Group’s (BCG)
annual global wealth management report, Qatar has the world’s
highest density of millionaires with 143 out of every 1,000
households holding private wealth of at least $1mn. Qatar also
ranks fourth in the world by ultra-high-net-worth (UHNW)
households, defined as households with more than $100mn in
private wealth, with eight out of 100,000 households falling
under this category. The report asserts that private wealth in
MEA (Middle East and Africa) will grow to an estimated $6.5tn
Overall Activity Buy %* Sell %* Net (QR)
Qatari 66.78% 64.81% 7,950,363.53
Non-Qatari 33.21% 35.20% (7,950,363.53)

3. Page 3 of 5
by the end of 2017, with a projected compound annual growth
rate (CAGR) of 6.2%. (Gulf-Times.com)
 Egypt FM plans $3bn bond sale to Qatar – The Egyptian
Finance Minister Fayad Abdel Moneim said the country is
planning to sell bonds worth $3bn to Qatar, which will be issued
in July 2013 with a maturity of up to three years and carrying an
interest rate of 3.5%. (Bloomberg)
 QPI seeks gasoline for delivery in June to Mesaieed – Qatar
Petroleum International (QPI) has issued a tender to buy
gasoline for June delivery to Mesaieed in Qatar. QPI is seeking
30,000 metric tons of 95-RON and 25,000 tons of 90-RON
grades. This offer is scheduled to close on June 5 and is valid
until June 6. (Bloomberg)
International
 Dallas Fed calls for QE taper seeing end to 30-year bond
rally – The Federal Reserve Bank of Dallas President Richard
Fisher said he foresees the end of a 30-year bond-market rally,
while calling for a reduction in the US Fed’s $85bn monthly bond
purchases. (Bloomberg)
 Australia economy grows less than forecast in 1Q2013,
Reserve Bank cuts borrowing costs – The Australian
economy expanded less than last quarter’s forecast as
investment in machinery and equipment declined, sending the
country’s currency downward as traders increased bets on
further interest rate cuts. According to a report by the Australian
Bureau of Statistics, GDP advanced 0.6% in 1Q2013 over the
previous three months, when it had expanded at the same pace.
The Reserve Bank of Australia has slashed borrowing costs by
2 percentage points over the past 20 months to 2.75%, joining
its global counterparts in embracing record-low interest rates.
(Bloomberg)
 Japan's PM to target income gains in growth strategy –
Japan’s Prime Minister Shinzo Abe has pledge to boost incomes
by 3% per annum, allow tax cuts and reduce red tape in special
economic zones when he unveils the government's latest
polices aimed at revitalizing Japan’s economy. The Bank of
Japan's monetary expansion campaign announced in April
targets achieving 2% inflation in less than 2 years (Reuters)
Regional
 Lufthansa seeks ties with Gulf airlines – Germany-based
Lufthansa Airlines’ CEO Christoph Franz said the company has
opened its doors to Gulf-based carriers and seeks commercial
ties with one of the region's heavyweight airlines in the future.
(GulfBase.com)
 BMI: Saudi short-term power outlook bright – According to a
report by Business Monitor International, the short-term picture
for the Saudi Arabian power sector is bright since the Kingdom
is all set to remain on a solid growth path throughout 2013. The
positive outlook is due to the non-oil sector continuing to expand
on the back of booming household expenditure and another
strongly expansionary budget by the government. BMI’s report
further stated that a bright outlook for fixed investment and a
supportive macroeconomic policy underpin the positive
expectations for the medium-term. However, the Saudi economy
is forecasted to achieve a real GDP growth of 4.1% in 2013,
down from an estimated 6.8% in 2012. (GulfBase.com)
 32 new water and sewer projects approved in Kingdom –
Saudi Arabia’s Water & Electricity Minister Abdullah Al-
Hussayen said the government has approved 32 new contracts
valued at SR325mn for water and sanitation projects in areas
including Najran, Onaizah, Al-Hafouf and Tabouk. (Bloomberg)
 Kingdom buys 525,000 tons of wheat – The Grain Silos &
Flour Mills Organization said Saudi Arabia bought 410,000 tons
of hard wheat (12.5% protein minimum) and 115,000 tons of soft
wheat (11% protein minimum) for shipment between September
and October from Toepfer International. (GulfBase.com)
 SAEV announces equity investment in Zi-Lift – Saudi
Arabian Oil Company’s subsidiary Saudi Aramco Energy
Ventures (SAEV) has closed an equity investment in Zi-Lift, a
Scottish developer of through-tubing deployed artificial lift
systems using permanent magnet motors and magnetic
transmissions. (AME Info)
 Sipchem starts feasibility study to merge with Sahara
Petrochemicals – The Saudi International Petrochemical
Company (Sipchem) has initiated a feasibility study to merge
with Sahara Petrochemicals Company, which will be carried out
in the next five months. (Tadawul)
 Alinma Tokio Marine gets temporary extension of its
products from SAMA – Alinma Tokio Marine Company has
received extension of the temporary approval from the Saudi
Arabian Monetary Agency (SAMA) to sell three of its products
for a period of six months from the date of June 3, 2013.
(Tadawul)
 IHG opens new Holiday Inn Riyadh Meydan –
InterContinental Hotels Group (IHG) has opened its new Holiday
Inn Riyadh Meydan in downtown Riyadh. (AME Info)
 GCAA introduces three new air routes to reduce congestion
– The UAE’s General Civil Aviation Authority (GCAA) has
introduced three new air routes to replace the current single
entry route. This is in addition to introduction various other
changes in the procedures for handling traffic flow that will
contribute in decreasing airspace congestion in the UAE. (AME
Info)
 World’s tallest twisted tower set to open in Dubai – Cayan
Investment and Development will inaugurate its award-winning
AED1bn Infinity Tower in Dubai on Monday, June 10, 2013. The
launch of the tower comes after the company received the Dubai
Municipality’s certificate of completion. The project is
characterized by its magnificent architecture, giving residents
stunning panoramic views of The Palm Dubai or Marina.
(Gulfbase.com)
 Average construction cost surges 20% in Abu Dhabi –
According to an industry executive, the average construction
cost in Abu Dhabi has risen 20% year-on-year in the first quarter
of the year, as cost of construction materials and overhead
expenses have soared to new proportions. According to the
Statistics Centre-Abu Dhabi (SCAD), the estimated average
construction cost in Abu Dhabi ranged between AED3,518 to
AED4,104 per square meter, depending on the gross floor area,
the interior finishes and the intended type of use. Buildings with
a gross floor area of 300 to 599 square meters had the highest
construction cost of AED4,104 per square meter, while buildings
with a gross floor area exceeding 1200 square meters recorded
the lowest construction cost of AED3,518 per square meter.
(Gulfbase.com)
 Emirates to fly A380s across Asia-US routes – The Emirates
said it is planning to become the first completely global carrier
by flying passengers from Asia to the US over the Pacific
Ocean, using A380 wide-body jets. Emirates President Tim
Clark said its fleet of Airbus A380 Superjumbos and Boeing’s
777-200LR, which is set to grow to 90 planes, could comfortably
fly from northern Asia to cities in the north and central US.
(Bloomberg)

4. Page 4 of 5
 du Telecom buys 10% stake in Mubadala’s data center –
The Emirates Integrated Telecommunications Company (du
Telecom) has bought a 10% stake in a Mubadala-owned data
center company, Khazna Data Center for a maximum financial
commitment of AED57.5mn. This deal depends on funding
requirements set out in a plan related to the construction of data
centers. (Gulf-Times.com)
 Noor Islamic Bank seeks business in Southeast Asia – Noor
Islamic Bank CEO Hussain Al Qemzi said the bank seeks to
create linkages with Southeast Asia, one of the highest growth
potential markets in the world. (Bloomberg)
 SCAD: 2,461 residential units completed in 1Q2013 –
According to the report, a total of 2,461 residential units were
completed in Abu Dhabi region during the first quarter of 2013,
down 6.2% compared with Q1 2012. The corresponding figure
for Al Ain region was 702 units, marking an increase of 513 units
compared with the first quarter of 2012. On the other hand only
13 residential units were completed in Al Gharbia region during
Q1 2013, down from 83 units in Q1 2012. (AME Info)
 Petrofac gets $500mn EPC contract in Abu Dhabi – Petrofac
Emirates, a JV between Petrofac Ltd and Mubadala Petroleum,
has been awarded a $500mn onshore EPC contract by the Abu
Dhabi Company for Onshore Oil Operations for expansion of
compression facilities at the Bab Field. The project will be
completed in a phased manner in 30 months from the date of
commissioning. (Bloomberg)
 Zain launches share sale of its Iraqi telecom operations –
Kuwait-based telecom operator Zain has announced the setting
up of a holding company named “Khatam Communications”,
through which it will offer a quarter of its stake in its Iraqi
telecom unit. As part of its $1.3bn license, Zain Iraq must float a
quarter of its shares and list it on the Iraq Stock Exchange. Zain
said it will offer 55.9mn shares at one dinar each in the listed
firm. The offer period is scheduled to commence from June 4,
2013 for 30 days. (Reuters)
 Al Zamil commences construction at Durrat Al Areen
project – Kuwait-based Al Zamil International Real Estate
Company has commenced the construction work on the
BHD13mn new housing project, “Durrat Al Areen”. This housing
project, which is part of its flagship project, Al Areen
Development, is scheduled to be completed by mid-2015. (AME
Info)
 Oman to award six oil blocks for development – The Omani
government is in negotiations with various international oil
companies to award six onshore oil & gas blocks for
development on a production-sharing basis, while evaluation is
underway for another seven blocks. (GulfBase.com)
 Sundus Investments announces $40mn hotel projects in
Muscat – Sundus Investments Projects has signed an
agreement with Rotana Hotel Management Company to
manage its new hotel projects worth $40mn in Muscat. The
projects namely, Sundus Arjaan by Rotana and its four-star
Sundus Rotana Muscat corporate & conference hotel at Airport
Heights in Bausher are scheduled to be completed in two years’
time and ground breaking is commencing in July 2013.
(GulfBase.com)
 GFIC’s board agrees to reduce paid-up capital – The Global
Financial Investment Co’s (GFIC) board has agreed to reduce
the company's paid-up capital from OMR29.3mn to OMR20mn,
through pay back share’s par value for 93.4mn shares. This
represents 31.8% of the listed shares, where 3,184 shares will
be canceled for each 10,000 shares at the payable value of
OMR318.4. (MSM)
 CBB’s issue of weekly T-bills oversubscribed by 136% –
The Central Bank of Bahrain’s (CBB) this week’s issue of
BHD35mn government treasury bills has been oversubscribed
by 136%. These bills carry a maturity of 91 days and their
weighted average rate of interest is 0.70%, compared with
0.69% for the previous issue. (AME Info)
 Bab Al Bahrain’s revamp project gets underway – The
Bahrain Ministry of Works has started work on the BHD178,558
Bab Al Bahrain Avenue reconstruction project, which involves
the revamp of a 796 meter long avenue extending from Sheikh
Abdulla Avenue to Isa Al Kabeer Avenue. The ministry has
awarded this contract to Mohsin Haji Ali Group and expects to
finish the project in the next 20 weeks. (GulfBase.com)
 Eskan hires group headed by KPMG for key residential
project – Bahrain-based Eskan Bank has appointed a
consortium headed by KPMG to structure a funding program for
the development of social housing projects on its own land bank
in various areas of the country. The consortium, which includes
Barwa Bank of Qatar and Trowers & Hamlins, will study the
bank's financing requirements and propose a suitable funding
program that may include debt, equity, or a mixture of both. The
project is aimed at providing 2,500 social housing units at a cost
of around BHD200mn. (GulfBase.com)

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
0.3% 0.3%
(1.4%)
0.1%
0.5%
(0.5%)
(0.2%)
(1.8%)
(1.2%)
(0.6%)
0.0%
0.6%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD%
Gold 1,399.43 (0.8) 0.8 (16.5) DJ Industrial 15,177.54 (0.5) 0.4 15.8
Silver 22.55 (0.8) 1.3 (25.7) S&P 500 1,631.38 (0.6) 0.0 14.4
Crude Oil (Brent) 103.25 1.5 3.2 (8.5) NASDAQ 100 3,445.26 (0.6) (0.3) 14.1
Euro 1.31 0.0 0.6 (0.8) DAX 8,295.96 0.1 (0.6) 9.0
Yen 100.03 0.5 (0.4) 15.3 FTSE 100 6,558.58 0.5 (0.4) 11.2
GBP 1.53 (0.1) 0.8 (5.8) CAC 40 3,925.83 0.1 (0.6) 7.8
CHF 1.06 0.0 0.9 (3.3) Nikkei 13,533.76 2.1 (1.7) 30.2
AUD 0.97 (1.2) 0.8 (7.2) Shanghai 2,272.42 (1.2) (1.2) 0.1
USD Index 82.77 0.1 (0.7) 3.8 BSE Sensex 19,545.78 (0.3) (1.1) 0.6
RUB 31.95 0.5 0.2 4.7 Bovespa 54,017.90 0.1 1.0 (11.4)
BRL 0.47 (0.3) 0.4 (3.8) RTS 1,322.39 0.3 (0.7) (13.4)
133.8
120.4
109.9