1. Daily Market Report
Thursday, 26 July 2012 FINANCIAL SERVICES
QE Intra-Day Movement Market Indicators 25 July 12 24 July 12 %Chg.
8,260 Value Traded (QR mn) 152.9 128.8 18.7
Exch. Market Cap. (QR mn) 451,874.6 452,334.0 (0.1)
8,250
Volume (mn) 4.0 3.6 13.0
8,240
Number of Transactions 2,473 2,268 9.0
8,230 Companies Traded 37 36 2.8
8,220 Market Breadth 12:19 14:16 –
8,210
Market Indices Close 1D% WTD% YTD% TTM P/E
8,200
Total Return 11,140.89 (0.2) (0.6) (0.1) N/A
8,190 All Share Index 1,985.85 (0.1) (0.4) 3.1 9.3
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00
Banks 2,000.19 0.1 (0.1) 1.2 11.1
Qatar Commentary Industrials 2,423.00 (0.2) (0.9) 6.2 11.1
The QE index fell 0.2% to close at 8,232.0. Losses were led by the Real Estate Transportation 1,314.60 (0.3) (0.3) (10.9) 10.4
and Telecoms indices, which declined 0.9% and 0.6% respectively. Top losers Real Estate 1,623.45 (0.9) (1.4) (3.2) 2.8
were Islamic Holding Group and Salam International Inv. Co., decreasing 1.5% Insurance 1,934.21 0.2 1.1 10.3 11.8
and 1.4% respectively. Among the top gainers, Qatar Meat & Livestock Co. rose Telecoms 1,067.86 (0.6) (1.5) 12.2 14.4
3.4%, while Qatar Islamic Insurance increased 2.5%. Consumer 4,354.85 0.1 0.6 28.5 12.1
GCC Commentary GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD%
Saudi Arabia: The TASI index declined marginally to close at 6,666.8. Losses Almutakamela Saudi Arabia 22.00 10.0 14,223.0 38.8
were led by the Transport and Industrial Investment indices, falling 0.5% and
0.4% respectively. Mouwasat Medical Services Co. declined 2.6%, while Mabanee Co. Kuwait 1,160.00 3.6 762.0 48.4
Etihad Atheeb Telecommunication Co. decreased 2.2%. Abdullah A.M. Al-
Saudi Arabia 27.90 3.0 950.4 (35.1)
Dubai: The DFM index decreased 0.3% to close at 1,500.6. Losses were led Khodari Sons Co.
by the Investment & Financial Services and Telecommunication indices, Ahli Bank Muscat 0.14 2.2 617.3 (36.8)
decreasing 1.2% and 0.6% respectively. Dubai Investment fell 2.0%, while
Takaful Al Emarat Insurance Co. was down 1.9%. DP World Ltd. Dubai 10.50 1.9 2.3 8.9
Abu Dhabi: The ADX benchmark index fell marginally to close at 2,464.0. GCC Top Losers ##
Exchange Close #
1D% Vol. ‘000 YTD%
Losses were led by the Consumer and Services indices, declining 1.5% and
0.3% respectively. Agthia Group decreased 4.4%, while Green Crescent Mobile Telecom. Co. Kuwait 680.00 (2.9) 1,272.9 (24.4)
Insurance Co. was down 3.6%.
Mouwasat Saudi Arabia 48.70 (2.6) 52.7 3.3
Kuwait: The KSE index declined 0.7% to close at 5,751.3. The Health Care
index fell 7.2%, while the Telecommunication index fell 2.3%. Al-Mowasat Nat. Bank Of Oman Muscat 0.27 (2.2) 222.0 (14.7)
Health Care Co. fell 12.6%, while Flex Res. & Real Est. Co. was down 12.1%
Atheeb Telecom Saudi Arabia 13.60 (2.2) 21,405.4 (29.8)
Oman: The MSM index dropped 0.2% to close at 5,400.0. The Banking &
Investment index declined 0.6%, while the Industrial index fell 0.2%. Voltamp Dubai Investments Dubai 0.70 (2.0) 421.8 16.2
Energy decreased 5.8%. while Global Financial Investment 3.7%. # ##
Source: Bloomberg ( in Local Currency) ( GCC Top gainers/losers derived from the Bloomberg GCC
200 Index comprising of the top 200 regional equities based on market capitalization and liquidity)
Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD% Qatar Exchange Top Losers Close* 1D% Vol. ‘000 YTD%
Qatar Meat & Livestock Co. 54.40 3.4 415.5 70.8 Islamic Holding Group 26.80 (1.5) 16.1 5.7
Qatar Islamic Insurance 61.10 2.5 0.1 6.3 Salam International Inv. Co. 13.78 (1.4) 12.7 25.6
Qatar National Cement Co. 102.80 1.1 0.3 (8.2) United Development Co. 18.10 (1.1) 431.1 3.5
Gulf Warehousing Co. 40.70 1.0 142.3 9.6 Barwa Real Estate Co. 27.25 (0.9) 97.8 (9.0)
Qatari Investors Group 24.39 1.0 151.2 59.1 Industries Qatar 131.10 (0.9) 157.9 (1.4)
Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD% Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD%
United Development Co. 18.10 (1.1) 431.1 3.5 Commercial Bank of Qatar 69.10 (0.3) 23,936.2 (17.7)
Qatar Meat & Livestock Co. 54.40 3.4 415.5 70.8 Qatar Meat & Livestock Co. 54.40 3.4 22,402.1 70.8
National Leasing 44.00 0.8 365.3 7.2 Industries Qatar 131.10 (0.9) 20,648.2 (1.4)
Mazaya Qatar Real Estate Dev. 12.10 (0.2) 352.9 54.9 National Leasing 44.00 0.8 16,158.4 7.2
Commercial Bank of Qatar 69.10 (0.3) 346.8 (17.7) Masraf Al Rayan 26.95 0.0 9,345.1 (3.2)
Source: Bloomberg (* in QR)
Exch. Val. Traded Exchange Mkt. Dividend
Regional Indices Close 1D% WTD% MTD% YTD% P/E** P/B**
($ mn) Cap. ($ mn) Yield
Qatar* 8,232.01 (0.2) (0.6) 1.3 (6.2) 41.99 124,084.8 8.6 1.6 4.5
Dubai 1,500.64 (0.3) (2.3) 3.4 10.9 11.46 48,013.1 15.9 0.7 4.1
Abu Dhabi 2,464.04 (0.0) (0.2) 0.7 2.6 6.55 74,749.2 9.1 1.0 4.9
Saudi Arabia 6,666.80 (0.0) 0.6 (0.6) 3.9 1,230.14 354,542.9 13.8 1.8 3.7
Kuwait 5,751.27 (0.7) (1.1) (0.7) (1.1) 56.64 99,576.3 27.0 1.1 3.4
Oman 5,400.02 (0.2) (0.8) (5.1) (5.2) 7.39 18,736.9 10.9 1.6 4.3
Bahrain 1,109.77 0.2 (0.5) (1.5) (3.0) 0.34 20,088.6 9.1 0.8 5.6
Source: Bloomberg, Qatar Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
Page 1 of 5

2. Qatar Market Commentary
 The QE index fell 0.2% to close at 8,232.0. The Real Estate and
Overall Activity Buy %* Sell %* Net (QR)
Telecoms indices were the major contributors to this loss. The
index declined due to selling pressure from non-Qatari Qatari 64.49% 50.76% 20,974,879.64
shareholders despite buying support from Qatari shareholders. Non-Qatari 35.51% 49.24% (20,974,879.64)
 Islamic Holding Group and Salam International Inv. Co. were the
Source: Qatar Exchange (* as a % of traded value)
top losers, declining 1.5% and 1.4% respectively. Among the top
gainers, Qatar Meat & Livestock Co. rose 3.4%, while Qatar
Islamic Insurance increased 2.5%.
 Volume of shares traded on Wednesday increased by 13.0% to
4.0mn from 3.6mn on Tuesday. Further, as compared to the 30-
day moving average of 5.0mn, volume for the day was 19.8%
lower. United Development Co. and Qatar Meat & Livestock Co.
were the most active stocks, contributing 10.7% and 10.3% to
the total volume respectively.
Ratings Updates, Earnings and Global Economic Data
Ratings Updates
Company Agency Market Type* Old Rating New Rating Rating Change Outlook Outlook Change
Tamweel (asset-
backed securities of
A+sf/
2007 securitization – AAsf/ AAsf/
Tamweel
Fitch Dubai Class A /Class B/Class C) BBB+sf/
AAsf  Stable –
BBB-sf
Residential ABS CI
(1) Ltd.)
Sharjah Islamic FSR/ LT FCR/ ST FCR/ BBB+/ A-/ BBB+/ A-/
CI Abu Dhabi – Stable –
Bank (SIB) SR A2/ 2 A2/ 2
Source: News reports (* „ST‟ – Short Term, „LT‟ – Long Term, „FSR‟- Financial Strength Rating, „SR‟ - Support Rating )
Earnings Releases
Revenue % Change Operating Profit % Change Net Profit (mn) % Change
Company Market Currency
(mn) 2Q12 YoY (mn) 2Q12 YoY 2Q12 YoY
Fawaz Abdulaziz Al Hokair &
Saudi Arabia SR – – 104.6 12.8% 120.9 48.2%
Partners Co. (HOKAIR)
Arab Heavy Ind. (AHI) Dubai AED 29.6 26.0% – – 8.9 0.4%
Aramex (ARMX) Dubai AED 782.0 20.7% – – 64.4 14.0%
Etisalat Dubai AED 8,300 4.0% – – 1,900 17.0%
Ras Al Khaimah Poultry &
Abu Dhabi AED 7.1 (20.8%) – – (1.4) (26.8)
Feeding Co. (RAPCO )
United Industries Co. (UIC) Kuwait KD – – – – (0.1) (55.0%)
Gulf stone Co. (GSCI) Oman OMR 1.9 15.8% 0.3 3.5% 0.2 (18.7%)
Voltamp Energy (VOES) Oman OMR 4.2 8.7% 0.3 (46.7%) 0.1 (73.1%)
Oman Chromite Co. (OCCI) Oman OMR 0.9 (18.0%) 0.3 (43.8) 0.2 (47.0%)
Esterad Investment Co.
Bahrain BHD 0.7 NA – – 0.1 NA
(ESTERAD)
Bahrain Com. Facilities (BCFC) Bahrain BHD – – 7.0 49.8% 3.6 72.5%
Source: Company data, Bahrain bourse, MSM, ADX, DFM
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
07/25 US The Commerce Dept. New Home Sales June 350K 372K 382K
07/25 US The Commerce Dept. New Home Sales MoM June -8.40% 0.70% 6.70%
07/25 US MBA MBA Mortgage Applications 20-July 0.90% -- 16.90%
07/25 Germany IFO IFO - Business Climate July 103.3 104.5 105.2
07/25 Germany IFO IFO - Current Assessment July 111.6 113 113.9
07/25 Germany IFO IFO - Expectations July 95.6 96.8 97.2
Office for National
GDP (QoQ) 2Q2012 -0.70% -0.20% -0.30%
07/25 UK Statistics
Office for National
GDP (YoY) 2Q2012 -0.80% -0.30% -0.20%
07/25 UK Statistics
Office for National Index of Services (MoM) May 0.90% 0.20% -0.20%
07/25 UK Statistics
07/25 Italy Istat Consumer Confidence Ind. sa July 86.5 85 85.4
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
Page 2 of 5

3. News
Qatar postponed to August 1 from July 26 to discuss the financial
statements for the period ending June 30, 2012. (QE)
 S&P affirms Qatar's sovereign credit ratings – Global credit
 Qatar Airways expands its African network to Kilimanjaro –
rating agency, S&P, has affirmed the long and short-term foreign
Qatar Airways has further expanded operations in Africa with a
and local currency sovereign credit ratings of AA/A-1+ on the
launch of daily scheduled flights to Kilimanjaro. (AME Info)
State of Qatar. The outlook is stable. The transfer & convertibility
assessment is AA+. The ratings affirmation and stable outlook  Rizon Jet granted new approvals – Qatar-based private
apply to other ratings that depend on Qatar's sovereign credit aviation company Rizon Jet has been granted new approvals to
rating, which include the AA long-term senior unsecured debt increase the range of services it offers to its international clients.
rating on the bonds issued by Qatari Diar Finance and by SoQ The Bermuda Department of Civil Aviation has granted approval
Sukuk A. (Reuters) to Rizon Jet‟s Doha facility and with this approval both the
company‟s bases in the Middle East and in London (at Biggin Hill
 PetroChina acquires 40% share in exploration and
Airport), are able to maintain and repair Bermuda-registered
production rights in Qatar’s Block 4 – PetroChina Investment
aircraft under an AMO Certificate. (Gulf-Times.com)
has acquired a 40% share in exploration and production rights in
Qatar‟s Block 4, an offshore block close to the North Field, which
International
is the largest non-associated gas field in the world. PetroChina,
which has a sizeable share in Block D, acquired the 40% share  Moody’s lowers outlook for Eurozone bailout fund – Moody‟s
from GDF Suez Exploration who retains a 60% share and has placed a negative outlook on the European Union‟s main
remains the operator of the block. This acquisition came after bailout fund – the European Financial Stability Facility. The fund
Qatar Petroleum (QP) signed an agreement authorizing retains its top Aaa rating from Moody‟s. (Qatar Tribune)
PetroChina to acquire this 40% stake. (Gulf-Times.com)
 Britain sinks deeper into recession than forecast – Britain's
 Morgan Stanley may sell 15% of commodities to Qatar – economy shrank far more than expected in the second quarter,
According to CNBC, Morgan Stanley is reportedly in advanced battered by everything from an extra public holiday to
talks with the Qatar Investment Authority over the sale of a 15% government spending cuts and the neighboring Eurozone crisis.
stake in Morgan Stanley‟s commodities business. (CNBC) Britain's GDP fell 0.7% from the first three months, the sharpest
drop since the height of the global financial crisis in early 2009,
 Egypt’s financial regulator suspends QInvest-EFG deal; EFG
which is deeper than the expectations of any of the economists
to call for 2nd shareholder meeting – Egypt‟s financial regulator
surveyed in a Reuters poll last week. The figures confirmed that
has reportedly suspended a joint venture deal between Egyptian
Britain remains mired in its second recession since the start of
investment bank EFG-Hermes and Qatar‟s QInvest, which was
the financial crisis, with the economy shrinking for a third
approved by shareholders on June 2. The head of the Egyptian
consecutive quarter. (Reuters)
Financial Supervisory Authority (EFSA), Ashraf el-Sharkawy,
was quoted as saying that EFSA rejected decisions made at  Russia’s GDP growth slows to 3.8% in June – Russian
EFG‟s annual meeting last month because the firm did not clarify Economy Ministry said the country‟s GDP was up 3.8% YoY in
various points regarding the deal, including the fate of minority June against a 4.2% rise in May. The ministry earlier estimated
rights after it is completed. In response, EFG-Hermes Holding that economic growth would slow to 4.0% in the second quarter
has said it will shortly call a second shareholder meeting to from 4.9% in the January through March period. (Reuters)
provide more information about its proposed joint venture with  Spain wins French support to push for fast implementation
QInvest. (Gulf-Times.com, Bloomberg) of Europe’s June 29 agreement – Spanish Economy Minister
 Qatar Industrial Manufacturing Co.’s net rises 9.3% – Qatar Luis de Guindos has won support from his French counterpart,
Industrial Manufacturing Company‟s net profit surged 22.2% YoY Pierre Moscovici, to push for fast implementation of Europe‟s
to QR119mn for 1H2012. Earnings per share stood at QR3 as June 29 agreement to use bailout funds to stabilize debt
compared to QR2.46 in 1H2011. Sales for the period reached markets. Germany has backed away from offering the possibility
QR190.6mn, an increase of 9.3% YoY. Total assets at the end of that Europe‟s bailout fund may lend directly to Spanish banks,
June 30 stood at QR1,468.4mn, indicating a YTD increase of relieving the struggling sovereign from added debt. (Bloomberg)
2.2%. Meanwhile, the total equity declined by 0.7% to  South Korea’s growth slows amid subdued export demand
QR1,272.3mn. (QE) from Europe – South Korea‟s economy expanded at 2.4% YoY
 Qatar General Insurance & Reinsurance Co.’s net declines – in the three months through June, the slowest pace in almost
Qatar General Insurance & Reinsurance Company reported a three years as Europe‟s sovereign debt crisis capped demand for
net profit of QR67.6mn for 1H2012, reflecting a YoY decrease of exports and weakened confidence. That compares with the 2.5%
11.3%. Earnings per share stood at QR1.35 as compared to median estimate of 15 economists surveyed by the Bloomberg
QR1.52 in 1H2012. Net earned premiums declined by 7.4% YoY News. (Bloomberg)
to QR98mn. Total assets at the end of June 30 rose by 4.5%
YTD to QR4,476mn. On the liabilities side, loans and borrowings Regional
jumped by 23.1% YTD to QR776.9mn. Total equity declined by  Fluor Corp. eyes lucrative energy Gulf contracts – Fluor Corp
2.1% YTD to QR2,495.8mn. (QE) is looking at opportunities in Saudi Arabia, UAE and Qatar,
 Dlala Brokerage and Investment Holding to disclose 1H2012 where it foresees increasing offshore oil and gas activities in the
financial reports on August 8 – Dlala Brokerage and coming years. Fluor Saudi Arabia Vice President, Colin
Investment Holding will disclose its financial reports for the McKenzie said the company is interested in a long-term offshore
period ending June 30, 2012 on August 8, 2012. (QE) engineering services contract, which is expected to be
retendered by Saudi Aramco as part of the state oil company‟s
 United Development Co’s BoD reschedules meeting to plan to maintain production capacity in oil & gas fields.
August 1 to discuss financial statements – United (GulfBase.com)
Development Company‟s (UDC) board meeting has been
Page 3 of 5

4.  Technip wins Saudi elastomer contract – Technip has won a end of June 30 stood at AED18,124.2mn, indicating an increase
contract from Saudi Arabia-based Al-Jubail Petrochemical of 2.2% YTD. Total shareholders' equity declined by 0.6% YTD
Company (Kemya) for the construction of a specialty elastomers to AED4,380.9mn. Financing receivables and international
facility at its plant. The project is part of the Saudi elastomers Murabaha, and Wakalah with financial institutions collectively
program undertaken by Kemya to set up a world-scale specialty increased by 21.1% YTD to AED5,209.1mn. (ADX)
elastomers facility to serve regional markets in the Middle East  Abu Dhabi Islamic Bank receives full operations banking
and Asia. (GulfBase.com) license in Iraq – Abu Dhabi Islamic Bank (ADIB) has launched
 JP Morgan names Rayan Fayez as new Head for Saudi operations in Iraq following a full operations banking license
Arabia investment banking– JPMorgan Chase & Company has granted from the Iraqi Central Bank. (GulfBase.com)
appointed Rayan Fayez as the head of its investment banking  Kuwait crude oil exports to China up 15.4% in 1H2012 –
business in Saudi Arabia. He will also take on the role of Co- According to the China‟s General Administration of Customs,
Chief Executive Officer along with Bader Alamoudi, who acts as Kuwait's crude oil exports to China rose by 15.4% YoY in
Head of Sales and Marketing for Saudi Arabia. Fayez was Head 1H2012 to 5.42mn tons, equivalent to around 218,000 barrels
of Investment Banking and CEO for Goldman Sachs in Saudi per day (bpd). Kuwaiti share of Chinese crude oil imports in the
Arabia prior to his move. (Reuters) January-June period stood at 2.5%. Saudi Arabia remained
 Zain ups stake in Zain Saudi after rights issue – Zain has China's top supplier with its shipments jumping 26.1% to 1.20mn
raised its stake in the loss-making unit Zain Saudi, bpd, followed by Angola with 920,000 bpd, up 89.8%. Iran slid to
oversubscribing to the affiliate's $1.6bn rights issue following a third largest crude supplier position with its imports shrinking
tepid response from other shareholders. Zain's stake in Zain 2.1% to 635,000 bpd, although it posted a 17.3% growth from
Saudi increased to 37% from 25%. (GulfBase.com) May's 529,000 bpd. (GulfBase.com)
 UAE market regulator issues investment law – UAE  Ahli Bank’s net jumps – Ahli Bank posted a net profit of
Securities and Commodities Authority (SCA) has issued a decree OMR5.9mn for 2Q2012, indicating a YoY increase of 63.6%.
stipulating rules for investment funds in the country as it seeks to Earnings per share stood at 6.2 baizas as compared to 3.8
boost liquidity in the markets. SCA CEO Abdullah al Turaifi said baizas in 2Q2011. Net interest income surged by 40% YoY to
the decision will increase transparency in fund management. OMR8.1mn, while net operating income jumped by 42.4% YoY to
(Bloomberg) OMR11.5mn. Total assets at the end of June 30 stood at
OMR1,052.2mn, reflecting a YTD increase of 13.2%. Loans and
 DEWA: No plans to tap bond markets – Dubai Electricity and
Water Authority CEO Saeed Mohammed al-Tayer said the advances increased by 15.4% YTD to OMR886.7mn, while
customer deposits rose by 15.3% YTD to OMR771.4mn. (MSM)
company has no plans to tap bond markets despite a sharp drop
in borrowing costs. In March, Tayer stated that if DEWA were to  BMI Bank posts net profit – BMI Bank reported a net profit of
raise external funds in the future, the money might come from BHD0.3mn in 1H2012 as compared to a net loss after provisions
export credit agencies, the cheapest source at the time. of BHD5.2mn in 1H2011. The bank posted 16% increase in
(GulfBase.com) customer deposits. The bank maintains a capital adequacy ratio
of over 18%. (AME Info)
 DIFC grew by 7% in 2011 accounting for 1.4% of UAE's GDP
– According to Dubai International Financial Center‟s 2011  Fitch affirms Bahrain at BBB, outlook stable – Fitch Ratings
Economic Activity Survey Report, the total value added (GDP has affirmed Bahrain's long-term foreign currency Issuer Default
equivalent) from the center‟s sub-economy reached at $3.13bn, Rating (IDR) at BBB and its local currency IDR at BBB+. The
up 7% from $2.92bn in 2010. The breakdown of DIFC's GDP by outlook is stable. The agency has simultaneously affirmed
sector shows that financial activities remain the biggest Bahrain's Country Ceiling at BBB+ and short-term foreign
contributor accounting for 70.3% of total value added, while currency IDR at F3. (GulfBase.com)
business services accounted for 28.0%, with the rest attributed to  Eskan Bank secures $265mn loan – Bahrain-based Eskan
public administration, which includes the DIFC Authority, the Bank, a government-owned mortgage lender, secured a
DFSA and the DIFC Courts. (GulfBase.com) BHD100mn loan from three local banks. The bank will use this
 Abraaj exits from IHH Healthcare Berhad – Abraaj Capital has money to fund its five-year housing plan. The six-year facility was
announced its exit from IHH Healthcare Berhad (IHH) through an arranged and provided by National Bank of Bahrain, Bank of
initial public offering. Approximately $2bn was raised in the Bahrain and Kuwait, and Ahli United Bank. (Bloomberg)
offering. (GulfBase.com)
 National Bank of Fujairah net declines – National Bank of
Fujairah posted a net profit of AED71mn for 2Q2012, reflecting a
YoY decline of 4.8%. Earnings per share stood at AED0.06
versus AED0.07 in 2Q2011. Net interest income increased by
16% YoY to AED116.4mn, while net operating income rose by
1.8% YoY to AED137.1mn. Total assets at the end of June 30
stood at AED15,872.6mn, indicating a YTD increase of 6.4%.
Total shareholders' equity rose by 1.6% YTD to AED2,094mn.
Loans and advances increased by 9.5% YTD to AED11,508mn,
while customer deposits were up by 9.5% YTD to
AED11,316.8mn. (ADX)
 Sharjah Islamic Bank’s net profit surges – Sharjah Islamic
Bank reported a net profit of AED66.5mn for 2Q2012, indicating
a YoY increase of 24.7%. Earnings per share stood at AED0.03
as compared to AED0.02 for 2Q2011. Net operating income
decreased by 10.6% YoY to AED109.6mn. Total assets at the
Page 4 of 5

5. Rebased Performance Daily Index Performance
140.0 0.3% 0.2%
130.0
0.0%
120.0 118.3 (0.0%)
(0.0%)
110.0 (0.3%) (0.2%) (0.2%)
104.7 (0.3%)
100.0
97.3 (0.6%)
106.0
90.0
(0.7%)
98.2 (0.9%)
80.0
Saudi Arabia
Kuwait
Bahrain
Abu Dhabi
Dubai
Qatar
Oman
Jan-10 May-10 Sep-10 Jan-11 May-11 Sep-11 Jan-12 May-12
4
QE Index S&P Pan Arab S&P GCC
Source: Bloomberg Source: Bloomberg
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D% WTD% YTD%
Gold 1,605.70 1.6 1.3 2.7 DJ Industrial 12,676.05 0.5 (1.1) 3.8
Silver 27.35 1.4 0.1 (1.8) S&P 500 1,337.89 (0.0) (1.8) 6.4
Crude Oil (Brent) 104.77 (0.1) (3.1) (3.6) NASDAQ 100 2,854.24 (0.3) (2.4) 9.6
Euro 1.21 0.5 (0.3) (6.4) DAX 6,406.52 0.3 (3.4) 8.6
Yen 78.20 0.0 (0.4) 1.7 FTSE 100 5,498.32 (0.0) (2.7) (1.3)
GBP 1.55 (0.2) (0.9) (0.4) CAC 40 3,081.74 0.2 (3.5) (2.5)
CHF 1.01 0.5 (0.2) (5.2) Nikkei 8,365.90 (1.4) (3.5) (1.1)
AUD 1.03 0.6 (0.9) 0.7 Shanghai 2,136.15 (0.5) (1.5) (2.9)
USD Index 83.72 (0.3) 0.3 4.4 BSE Sensex 16,846.05 (0.4) (1.8) 9.0
RUB 32.76 (0.7) 2.3 1.9 Bovespa 52,602.72 (0.1) (2.9) (7.3)
BRL 0.49 0.5 (0.7) (8.5) RTS 1,318.31 0.3 (5.3) (4.6)
Source: Bloomberg Source: Bloomberg
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.
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