1. Page 1 of 5
QE Intra-Day Movement
Qatar Commentary
The QE index rose 0.3% to close at 9,309.6. Gains were led by the Telecoms
and Insurance indices, gaining 1.5% and 1.1% respectively. Top gainers were
Dlala Brok. & Inv. Holding Co. and Ooredoo, rising 2.0% and 1.6%
respectively. Among the top losers, Islamic Holding Group fell 2.3%, while Al
Meera Consumer Goods Co. declined 2.0%.
GCC Commentary
Saudi Arabia: The TASI index gained 0.2% to close at 7,708.5. Gains were
led by the Transport and Telecommunication & Information Technology
indices, rising 0.7% and 0.6% respectively. Tabuk Agriculture Development
Co. rose 5.3%, while Gulf Union Cooperative Insurance Co. was up 3.9%.
Dubai: The DFM index rose 0.1% to close at 2,344.0. The Banking index
gained 0.8%, while the Investment & Financial Services index was up 0.5%. Al
Madina for Finance & Investment Co. rose 5.8%, while Dubai Islamic Bank
was up 1.9%.
Abu Dhabi: The ADX benchmark index gained 1.0% to close at 3,681.7. The
Banking index rose 1.7%, while Telecommunication index was up 0.4%. First
Gulf Bank gained 2.1%, while Abu Dhabi Islamic Bank was up 1.8%.
Kuwait: The KSE index fell 0.1% to close at 7,924.8. Losses were led by the
Insurance and Technology indices, declining 1.0% and 0.8% respectively.
Ajwan Gulf Real Estate Co. fell 5.2%, while Kuwait National Cinema was down
5.1%.
Oman: The MSM index gained 0.4% to close at 6,486.9. The Banking &
Investment index rose 0.8%, while the Industrial index was up 0.6%. Oman &
Emirates Inv. gained 4.1%, while Dhofar Int. Dev. & Inv. was up 3.6%.
Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD%
Dlala Brok. & Inv. Holding Co. 27.45 2.0 123.0 (11.7)
Ooredoo 122.90 1.6 65.3 18.2
Doha Insurance Co. 26.25 1.5 1.1 6.9
Qatar Insurance Co. 60.90 1.5 12.9 12.9
Qatari Investors Group 27.50 1.5 154.4 19.6
Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD%
United Development Co. 22.00 0.2 385.0 23.6
Vodafone Qatar 8.95 1.1 374.8 7.2
Barwa Real Estate Co. 27.05 0.4 329.9 (1.5)
Masraf Al Rayan 27.60 0.2 307.6 11.3
Salam International Investment Co. 13.05 0.0 244.0 3.1
Market Indicators 09 July 13 08 July 13 %Chg.
Value Traded (QR mn) 156.6 132.5 18.2
Exch. Market Cap. (QR mn) 510,811.9 509,651.7 0.2
Volume (mn) 3.7 3.7 (0.6)
Number of Transactions 2,587 2,106 22.8
Companies Traded 38 37 2.7
Market Breadth 19:12 4:29 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 13,301.33 0.3 (0.7) 17.6 N/A
All Share Index 2,354.63 0.2 (0.7) 16.9 12.8
Banks 2,252.09 0.2 (1.1) 15.5 12.1
Industrials 3,084.70 (0.1) (0.9) 17.4 11.5
Transportation 1,675.73 0.1 (1.4) 25.0 11.8
Real Estate 1,832.21 0.3 0.5 13.7 11.7
Insurance 2,226.28 1.1 0.6 13.4 15.6
Telecoms 1,289.56 1.5 1.2 21.1 14.7
Consumer 5,514.16 (0.1) 0.1 18.1 22.5
Al Rayan Islamic Index 2,792.35 0.1 (0.2) 12.2 13.9
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
IFA Hotels & Resorts Kuwait 0.49 5.4 10.9 11.4
First Gulf Bank Abu Dhabi 16.90 3.4 1,829.5 45.7
Kuwait Finance House Kuwait 0.68 3.0 4,808.5 (1.8)
Saudi Hollandi Bank Saudi Arabia 35.30 2.6 470.7 30.3
Abdullah Al Othaim Saudi Arabia 118.00 2.6 208.2 43.5
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
SADAFCO Saudi Arabia 88.75 (4.6) 152.6 37.1
ALAFCO Kuwait 0.28 (3.4) 1,705.6 (21.1)
Saudi Prin. & Pack. Co. Saudi Arabia 28.90 (3.0) 3,559.7 (21.9)
Jazeera Airways Kuwait 0.50 (2.9) 125.9 54.7
Agility Kuwait 0.67 (2.9) 494.3 37.9
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%
Islamic Holding Group 42.60 (2.3) 42.6 12.1
Al Meera Consumer Goods Co. 132.90 (2.0) 74.0 8.6
Qatar Electricity & Water Co. 156.20 (1.2) 19.6 18.0
Gulf Warehousing Co. 41.55 (1.1) 4.2 24.0
National Leasing 36.70 (0.8) 87.9 (18.8)
Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD%
Industries Qatar 157.20 (0.1) 30,004.6 11.5
Commercial Bank of Qatar 70.50 0.0 11,380.0 (0.6)
QNB Group 159.00 0.3 10,687.6 21.5
Al Meera Consumer Goods Co. 132.90 (2.0) 9,892.3 8.6
Barwa Real Estate Co. 27.05 0.4 8,935.5 (1.5)
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* 9,309.63 0.3 (0.7) 0.4 11.4 43.02 140,268.9 11.8 1.7 5.0
Dubai 2,343.98 0.1 3.5 5.5 44.5 137.41 60,229.0 15.1 1.0 3.4
Abu Dhabi 3,681.69 1.0 3.3 3.7 39.9 110.18 105,540.0 11.1 1.3 4.7
Saudi Arabia 7,708.52 0.2 0.5 2.8 13.3 1,030.90 410,420.5 16.3 2.0 3.6
Kuwait 7,924.79 (0.1) (0.5) 2.0 33.5 98.86 108,005.1 21.5 1.3 3.6
Oman 6,486.87 0.4 0.7 2.3 12.6 15.24 22,592.6 10.7 1.6 4.2
Bahrain 1,190.30 (0.1) (0.1) 0.2 11.7 1.40 21,241.0 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
9,280
9,300
9,320
9,340
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 9,309.6. The Telecoms and
Insurance indices led the gains. The index rose on the back of
buying support from non-Qatari shareholders despite selling
pressure from Qatari shareholders.
 Dlala Brokerage & Investment Holding Co. and Ooredoo were
the top gainers, rising 2.0% and 1.6% respectively. Among the
top losers, Islamic Holding Group fell 2.3%, while Al Meera
Consumer Goods Co. declined 2.0%.
 Volume of shares traded on Tuesday declined by 0.6% to 3.7mn
from 3.7mn on Monday. Further, as compared to the 30-day
moving average of 10.2mn, volume for the day was 63.7% lower.
United Development Co. and Vodafone Qatar were the most
active stocks, contributing 10.4% 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
Bank ALJazira
(BAJ)
CI
Saudi
Arabia
FSR/ LT FCR/ ST FCR/
Support Level
BBB/
BBB+/A2/2
BBB/
BBB+/A2/2
– Stable –
Bank Sohar Fitch Oman LT rating BBB+ BBB+ – Stable –
Oman Insurance
Co. OIC
S&P Oman Company rating A- A- – 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)
Earnings Releases
Company Market Currency
Revenue
(mn) 2Q2013
% Change
YoY
Operating Profit
(mn) 2Q2013
% Change
YoY
Net Profit (mn)
2Q2013
% Change
YoY
Arriyadh Development Co. Saudi Arabia SR – – 49.2 33.0% 48.7 36.4%
Source: Company data, Tadawul
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
07/09 US Federal Reserve Consumer Credit May $19.615bn $12.500bn $10.867bn
07/09 US NFIB NFIB Small Business Optimism June 93.5 94.9 94.4
07/09 US Bureau of Labor Stat. JOLTs Job Openings May 3828 3800 3800
07/09 UK BRC BRC Sales Like-For-Like YoY June 1.40% 1.90% 1.80%
07/09 UK RICS RICS House Price Balance June 21% 8% 5%
07/09 UK ONS Industrial Production (MoM) May 0.00% 0.20% -0.10%
07/09 UK ONS Industrial Production (YoY) May -2.30% -1.50% -1.40%
07/09 UK ONS Manufacturing Production (MoM) May -0.80% 0.40% -0.20%
07/09 UK ONS Manufacturing Production (YoY) May -2.90% -1.60% -0.90%
07/09 UK NIESR NIESR GDP Estimate June 0.60% -- 0.60%
07/09 China Nat. Bureau of Statistics CPI YoY June 2.70% 2.50% 2.10%
07/09 China Nat. Bureau of Statistics Producer Price Index (YoY) June -2.70% -2.60% -2.90%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
 QNB Group appoints new Acting Group CEO – The QNB
Group’s Board of Directors has appointed Mr. Ali Ahmed Al
Kuwari as its new Acting CEO for the Group. Mr. Ali Al Kuwari
enjoys over 25 years of extensive experience in all aspects of
Business: Strategic Planning, Sales & Marketing, Finance,
Operations, Credit, Human Resources Development,
Information Systems, Systems Analysis and Design,
Programming, Business & Customer Partnership, and Business
& Product Development. He has held several executive
positions with QNB, where he occupied the post of Executive
General Manager – Chief Business Officer with responsibility for
Corporate, Retail, Assets & Wealth Management, Treasury and
International Divisions. (QNB Press Release)
 MSCI seeks to limit potential reverse turnover for Qatar,
UAE – Morgan Stanley Capital International (MSCI) has
intended not to implement any changes in MSCI Qatar, MSCI
UAE indices as part of regular index reviews preceding their
reclassification to emerging markets status. MSCI also intends
to implement only deletions from MSCI Qatar, MSCI UAE
caused by either low foreign room, low liquidity or prolonged
suspension. Moreover, MSCI intends to defer implementation of
corporate events not requiring price adjustment factor such as
placements, block sales, recapitalizations and sizable IPOs, and
to exceptionally freeze potential migrations due to corporate
events until the May 2014 semi-annual index review. MSCI
intends to continue implementing corporate events that require
price adjustment factors such as stock splits and consolidations,
Overall Activity Buy %* Sell %* Net (QR)
Qatari 58.78% 65.26% (10,144,077.81)
Non-Qatari 41.22% 34.75% 10,144,077.81

3. Page 3 of 5
as well as deletions resulting from delistings, bankruptcies and
M&A’s at the time of the event. (Bloomberg)
 PwC: Banks dominate GCC region bond market, led by QNB
Group – According to a report by PricewaterhouseCoopers
(PwC), the banking sector continued to dominate GCC region’s
corporate bond market in 2Q2013. The report added that the
QNB Group has helped prop up the sector during 2Q2013 by
issuing its $1bn euro medium term note (EMTN) program along
with the UAE’s National Bank of Dubai, which issued $1bn Tier
one capital as well. (Peninsula Qatar)
 Qatar plans QPI spin-off in global expansion bid – According
to Reuters, Qatar's new leadership is expected to accelerate the
plans to spin off Qatar Petroleum International (QPI), from the
Energy Ministry to allow it to grow quickly abroad at a time of
rising rivalry from new producers. (Reuters)
 Integrated QR1bn project to develop Rawdat Aghdim’s
infrastructure – The Central Municipal Council Member
Mohamed Saleh al-Khiyarain said an integrated QR1bn project
is to be implemented for developing the infrastructure of Rawdat
Aghdim in Al Nasiriya district. This project will be carried out in
three phases and its contract has been signed by the Public
Works Authority. He also said that the site is currently being
prepared and the execution of the QR300,000 first stage will
begin within 90 days. (Gulf-Times.com)
 Real estate transactions worth QR670.6mn last week in
Qatar – According to a report released by the Ministry of
Justice, real estate transactions in Qatar between June 30 and
July 8 were worth QR670.6mn. The list of properties that were
traded by sale includes open plots of land, villas, residential
buildings and shops located in the municipalities of Umm Salal,
Doha, Al Khor, Al Rayyan, Al Daayen and Al Wakra. (Peninsula
Qatar)
 ERES to disclose its 1H2013 financials on July 28 – Ezdan
Holding Group (ERES) will disclose its financial results for the
period ending June 30, 2013 on July 28, 2013. (QE)
International
 IMF cuts global growth forecast as emerging markets slow
– The IMF has trimmed its global growth forecast for the fifth
time since last year due to a slowdown in emerging economies
and the continued woes in recession-struck Europe. The fund
has warned that global growth could slow down further if the
pull-back from massive monetary stimulus in the US triggers
reversals in capital flows and crimps growth in developing
countries. The IMF shaved its 2013 forecast for global growth to
3.1%, matching last year’s figure but below its 3.3% projection in
April. It also lowered its 2014 forecast to 3.8% down from its
earlier prediction of a 4% expansion. The IMF also said it
underestimated the depth of the recession in Europe, and had
not expected the US to go ahead with growth-stunting spending
cuts. (Reuters)
 S&P cuts Italy’s credit rating to BBB; outlook Negative –
Ratings agency S&P has lowered Italy’s credit rating to BBB
from BBB+, due to expectations of weakening economic
prospects and the nation’s impaired financial system. The
outlook on the rating remains Negative. S&P said the rating
action reflects its view on further worsening of Italy’s economic
prospects overcoming a decade long of real growth averaging
minus 0.04%. The ratings agency said the low growth stems in
large part from rigidities in Italy’s labor and product markets.
(Bloomberg)
 Japan plans to switch inflation gauge – The Japanese
government is planning to adopt a different measure for inflation,
in a move that could stretch the period needed for Japan to be
declared free of deflation and give more ammunition to
politicians advocating loose policies. The Bank of Japan has
targeted a 2% YoY rise in the core consumer price index, a
measure that excludes volatile prices of fresh food. The
government plans to use “core-core CPI”, which also excludes
energy costs. The change will effectively raise the bar for
government’s inflation goal, as it means that higher energy
prices will be taken out of the equation. (Reuters)
Regional
 IATA: Middle East carriers post strongest traffic growth –
According to a report by the International Air Transport
Association (IATA), Middle East airlines have recorded the
strongest traffic growth among all regions with 11.7% YoY
growth in May 2013. IATA said the air travel demand in the
Middle East and Africa has benefited from the continued
expansion in trade volumes since late 2011, with capacity rising
by 12.8%, but with a decline in load factor of 0.7 percentage
points to 73.5%. (Gulf-Times.com)
 Saudi approves $5bn aid package to Egypt; UAE to give
$3bn in loans, grant – Saudi Arabia has approved a $5bn aid
package to Egypt. Part of the aid, $2bn, will be in the form of
petroleum and gas aid products, while another $ 2bn will be in
the form of a deposit at Egypt's central bank and $1bn will be
given to Egypt as a grant. Meanwhile, the UAE has also agreed
to grant Egypt $1bn fund and lend another $2bn in loans. This
loan would be in the form of a deposit at the Egyptian Central
Bank, although the interest rate and maturity are yet to be
finalized. (Reuters, Bloomberg)
 Maaden awards SR3.1bn ammonia plant contract to OOK,
IK – The Saudi Arabian Mining Company (Maaden) has
awarded a contract for building an ammonia plant valued at
SR3.1bn to Daelim Industrial Company (OOK) & Daelim Saudi
Arabia Company (IK). The ammonia plant will have a production
capacity of 1.1mn tons and will be built at Ras Al Khair as part of
Maaden's Waad Al Shamal Phosphate project. Maaden expects
its completion in late 2016. Maaden’s project partners, along
with project financial advisor HSBC are expecting to sign the
financing deal with financial institutions by 4Q2013. Maaden and
its partners intend to fund the project until the financing closure
is secured. The total investment cost of the entire phosphate
complex is estimated at SR26bn, of which approximately
SR21bn will be invested in Waad Al Shamal Mineral Industrial
City. (Tadawul)
 NCB reports SR4.3bn net income in 1H2013 – The National
Commercial Bank (NCB) has reported a net income of SR4.3bn
in 1H2013, an increase of 21.4% YoY. In 2Q2013, Net income
amounted to SR2.0bn, reflecting an increase of 23.9% YoY.
Earnings per share reached SR2.9 in 1H2013 as compared to
SR2.4 in 1H2012. Total assets grew by 13.2% YoY to reach
SR363bn in 1H2013. Loans & advances portfolio grew by 18.6%
YoY to SR178bn, while customer deposits grew by 15.1% YoY
to reach SR288bn by the end of June 30, 2013. (AME Info)
 Saudi Hollandi Bank’s net profit rises 12.8% YoY in 2Q2013
– Saudi Hollandi Bank has reported a net profit of SR374.8mn,
rising 12.8% YoY in 2Q2013. The bank’s net profit increased by
15.8% YoY in 1H2013 to reach SR721mn. EPS stood at SR1.82
in 1H2013 as compared to SR1.57 in 1H2012. Total assets at
the end of June 2013 stood at SR76.4bn over SR61.6bn in June
2012. Loans & advances rose by 24.1% YoY to SR52.0bn, while
customer deposits were up by 23.5% YoY to SR61.3bn. Earlier,
Reuters had forecast the bank to post a net profit of SR346.4mn
for 2Q2013. (Tadawul, GulfBase.com)

4. Page 4 of 5
 SOCC starts its tri-ethyl aluminum facility in Al-Jubail –
Saudi Organometallic Chemicals Company (SOCC) has
announced the initial start-up of its aluminum alkyls facility
located in Al-Jubail, Saudi Arabia. This facility will manufacture
6,000 metric tons of tri-ethyl aluminum per year, an ingredient
used in the plastics industry. (AME Info)
 RSH receives ECA approval to construct a labor camp in
Jazan EC – Red Sea Housing Services Company (RSH) has
received the approval from the Economic Cities Authority (ECA)
to construct an industrial labor camp in Jazan Economic City
(Jazan EC), with an estimated cost of SR60mn. RSH expects
the financial impact of this project to be visible by 1Q2014. RSH
has also received ECA approval to construct its manufacturing
facility in the King Abdullah Economic City at an estimated cost
of SR85mn. RSH expects the financial impact of this project to
be visible by 4Q2014. (Tadawul)
 Nakheel's net profit soars by 57% in 1H2013 – Nakheel has
reported a net profit of AED1.2bn in 1H2013, indicating an
increase of 57% YoY. The Dubai-based developer’s revenues
stood at AED4.2bn, which rose 36% YoY. (AME Info)
 DEWA's Al Lusaily Phase 1 water reservoir project
completed on schedule – The Dubai Electricity & Water
Authority’s (DEWA) CEO & MD HE Saeed Mohammed Al Tayer
said Phase 1 of the Al Lusaily desalinated water reservoir
project has been completed on schedule. This AED246m project
has a capacity of 120mn imperial gallons of desalinated water,
which will enhance the total storage capacity in the Emirate by
790mn gallons after completion. (AME Info)
 Emaar’s subsidiary handovers Saudi Arabia's first 5-star
fully-serviced homes – Emaar Properties’ subsidiary, Emaar
Middle East has commenced the handover of Emaar
Residences, Saudi Arabia’s first five-star serviced apartments at
Makkah Clock Tower. (Bloomberg)
 Morocco wants Maroc Telecom’s buyer to take local partner
– According to sources, the Moroccan government wants the
Emirates Telecommunications Corp (Etisalat) to take on a local
partner as a condition for backing its bid to buy Vivendi's 53%
stake in Maroc Telecom. (Reuters)
 Emirates to commence daily A380 service to Mauritius –
Emirates Airlines is set to commence a daily Airbus A380
service from Dubai to Mauritius from December 16, 2013. (AME
Info)
 SIDC awards AED1.8bn villa contract to Al Jaber – Saadiyat
Investment & Development Company (SDIC) has awarded the
AED1.8bn construction contract of the Hidd Al Saadiyat Villas
Development to Al Jaber Building, a leading contractor in Abu
Dhabi. (AME Info)
 NBB reports BHD26.8mn net profit for 1H2013 – The National
Bank of Bahrain (NBB) has reported a net profit of BHD26.8mn
in 1H2013, reflecting 6.7% YoY increase. Further, NBB has also
reported a net profit of BHD11.9mn in 2Q2013, an increase of
8.6% YoY. Net interest income came in at BHD28.4mn during
1H2013 as compared to BHD31.5mn in 1H2012. EPS stood at
28.5 fils in 1H2013 as compared to 26.7 fils in 1H2012. Total
earning assets stood at BHD2.5bn as on June 30, 2013 as
compared to BHD2.3bn as on June 30, 2012. Customer
deposits rose by 7.4% YoY to BHD2.1bn. (AME Info)
 Alba sales rise 1.9% YoY in 1H2013 – Aluminum Bahrain’s
(Alba) sales rose by 1.9% YoY to 454,428 metric tons (mt) in
1H2013 ahead of the company’s own forecast. Production
figures were up by 2% YTD reaching 452,727mt versus
443,533mt for the same period in 2012. Alba said it was able to
capitalize on the strong demand for value-added products and
closed 1H2013 with an average of 66% of total shipments,
versus 65% for 1H2012. (Bahrain Bourse)
 Tadhamon Capital arranges acquisition of two assets in UK
– Bahrain-based investment firm Tadhamon Capital has
arranged the acquisition of two assets within its prevalent social
infrastructure platform in the UK. These two transactions are
valued at approximately $50mn which bought the total value of
the assets held under the platform to $190mn. (AME Info)

5. Contacts
Ahmed M. Shehada Keith Whitney Saugata Sarkar Sahbi Kasraoui
Head of Trading Head of Sales Head of Research Manager - HNWI
Tel: (+974) 4476 6535 Tel: (+974) 4476 6533 Tel: (+974) 4476 6534 Tel: (+974) 4476 6544
ahmed.shehada@qnbfs.com.qa keith.whitney@qnbfs.com.qa saugata.sarkar@qnbfs.com.qa sahbi.alkasraoui@qnbfs.com.qa
QNB Financial Services SPC
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
DISCLAIMER: This publication has been prepared by QNB Financial Services SPC (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (“QNB”). QNBFS is regulated by the Qatar
Financial Markets Authority and the Qatar Exchange; QNB is regulated by the Qatar Central Bank. This publication expresses the views and opinions of QNBFS at a given time only. It is not an
offer, promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or financial advice. We therefore strongly advise potential
investors to seek independent professional advice before making any investment decision. Although the information in this report has been obtained from sources that QNBFS believes to be
reliable, we have not independently verified such information and it may not be accurate or complete. While this publication has been prepared with the utmost degree of care by our analysts,
QNBFS does not make any representations or warranties as to the accuracy and completeness of the information it may contain, and declines any liability in that respect. QNBFS reserves the
right to amend the views and opinions expressed in this publication at any time. It may also express viewpoints or make investment decisions that differ significantly from, or even contradict, the
views and opinions included in this report.
COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS.
Page 5 of 5
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg
80.0
90.0
100.0
110.0
120.0
130.0
140.0
Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13
QE Index S&PPan Arab S&P GCC
0.2%
0.3%
(0.1%) (0.1%)
0.4%
1.0%
0.1%
(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 1,251.44 1.2 2.3 (25.3) DJ Industrial 15,300.34 0.5 1.1 16.8
Silver/Ounce 19.31 1.0 2.1 (36.4) S&P 500 1,652.32 0.7 1.3 15.9
Crude Oil (Brent)/Barrel 108.58 0.9 0.4 (3.8) NASDAQ 100 3,504.26 0.6 0.7 16.1
Natural Gas (Henry
Hub)/MMBtu
3.69 0.0 4.3 6.4 STOXX 600 294.58 0.8 2.2 5.3
LPG Propane (Arab Gulf)/Ton 798.00 0.0 0.5 (17.6) DAX 8,057.75 1.1 3.2 5.9
LPG Butane (Arab Gulf)/Ton 795.00 0.0 0.6 (17.9) FTSE 100 6,513.08 1.0 2.2 10.4
Euro 1.28 (0.7) (0.4) (3.1) CAC 40 3,843.56 0.5 2.4 5.6
Yen 101.15 0.2 (0.0) 16.6 Nikkei 14,472.90 2.6 1.1 39.2
GBP 1.49 (0.6) (0.2) (8.5) MSCI EM 912.71 0.7 (0.5) (13.5)
CHF 1.03 (1.0) (0.9) (5.9) SHANGHAI SE Composite 1,965.45 0.4 (2.1) (13.4)
AUD 0.92 0.5 1.2 (11.7) HANG SENG 20,683.01 0.5 (0.8) (8.7)
USD Index 84.58 0.5 0.2 6.0 BSE SENSEX 19,439.48 0.6 (0.3) 0.1
RUB 33.03 (0.5) (0.9) 8.2 Bovespa 45,075.50 0.0 (0.3) (26.0)
BRL 0.44 0.3 (0.2) (9.1) RTS 1,282.84 0.4 1.1 (16.0)
133.8
120.8
109.9