1. Page 1 of 5
QE Intra-Day Movement
Qatar Commentary
The QE index declined 0.2% to close at 9,716.4. Losses were led by the
Transportation and Telecoms indices, declining 1.0% and 0.2% respectively.
Top losers were Qatar Gas Transport Co. and Qatar Electricity & Water Co.,
falling 1.8% and 1.1% respectively. Among the top gainers, Qatar Islamic
Insurance rose 2.5%, while Zad Holding Co. gained 1.9%.
GCC Commentary
Saudi Arabia: The TASI index fell 0.3% to close at 7,976.8. Losses were led
by the Retail and Hotel & Tourism indices, declining 2.0% and 1.5%
respectively. Saudi Trans. & Inv. fell 9.9%, while United Elec. was down 6.4%.
Dubai: The DFM index declined 1.3% to close at 2,777.7. The Services index
fell 2.5%, while the Inv. & Fin. Services index was down 2.2%. Gulf Finance
House declined 5.6%, while Dubai National Ins. & Rein. was down 4.6%.
Abu Dhabi: The ADX benchmark index fell 0.5% to close at 3,850.5. The
Energy index declined 3.0%, while the Real Estate index was down 1.7%.
Sharjah Cement & Ind. Dev. Co. fell 7.6%, while Dana Gas was down 4.4%.
Kuwait: The KSE index gained 0.1% to close at 7,664.6. The Real Estate
index rose 0.9%, while the Technology index was up 0.8%. Safwan Trading &
Contracting gained 8.6%, while First Dubai For Real Estate Dev. was up 7.6%.
Oman: The MSM index fell 0.1% to close at 6,647.7. Losses were led by the
Industrial and Banking & Invest. indices, falling 0.3% and 0.1% respectively.
Con. Mat. Ind. & Cont. fell 2.7%, while Galfar Eng. & Cont. was down 2.4%.
Bahrain: The BHB index gained 0.4% to close at 1,198.7. The Investment
index rose 0.8%, while the Commercial Banking index was up 0.5%. Gulf
Finance House gained 7.1%, while Al Salam Bank was up 2.1%.
Qatar Exchange Top Gainers Close* 1D% Vol. ‘000 YTD%
Qatar Islamic Insurance 58.00 2.5 15.5 (6.5)
Zad Holding Co. 69.00 1.9 0.1 17.3
Gulf International Services 54.90 1.9 186.4 83.0
Dlala Brok. & Inv. Holding Co. 21.77 1.6 35.0 (30.0)
Gulf Warehousing Co. 40.80 1.4 4.5 21.8
Qatar Exchange Top Vol. Trades Close* 1D% Vol. ‘000 YTD%
Barwa Real Estate Co. 26.30 1.2 1,258.5 (4.2)
United Development Co. 22.10 (0.4) 595.0 24.2
Vodafone Qatar 9.03 (0.1) 368.3 8.1
Qatar Gas Transport Co. 19.30 (1.8) 365.0 26.5
Masraf Al Rayan 29.00 0.0 335.3 17.0
Source: Bloomberg (* in QR)
Market Indicators 07 Oct 13 06 Oct 13 %Chg.
Value Traded (QR mn) 164.9 166.8 (1.1)
Exch. Market Cap. (QR mn) 528,192.1 528,500.1 (0.1)
Volume (mn) 4.5 3.7 20.4
Number of Transactions 2,189 2,227 (1.7)
Companies Traded 37 37 0.0
Market Breadth 16:13 9:25 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 13,882.55 (0.2) (0.5) 22.7 N/A
All Share Index 2,442.11 (0.1) (0.4) 21.2 12.1
Banks 2,351.96 (0.1) (0.4) 20.7 12.5
Industrials 3,106.16 0.1 (0.2) 18.2 10.9
Transportation 1,795.84 (1.0) (1.3) 34.0 12.2
Real Estate 1,808.74 0.5 0.3 12.2 13.6
Insurance 2,231.71 0.1 (1.5) 13.7 9.3
Telecoms 1,441.45 (0.2) (0.9) 35.3 15.2
Consumer 5,885.42 0.2 (0.2) 26.0 24.2
Al Rayan Islamic Index 2,799.43 0.2 (0.2) 12.5 14.4
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
Makkah Cons. & Dev. Saudi Arabia 68.50 3.8 600.1 68.7
Southern Cement Co. Saudi Arabia 110.50 3.3 145.9 10.5
Saudi Fisheries Saudi Arabia 29.70 2.4 3,480.6 (2.6)
Kingdom Holding Co. Saudi Arabia 19.60 2.3 2,625.7 (6.2)
Riyad Bank Saudi Arabia 26.70 2.3 758.5 16.1
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
United Electronics Co. Saudi Arabia 118.00 (6.3) 177.7 42.2
Herfy Food Services Saudi Arabia 117.00 (5.6) 80.3 22.6
Dana Gas Abu Dhabi 0.65 (4.4) 36,954.7 44.4
Air Arabia Dubai 1.41 (3.4) 17,923.1 68.9
Drake & Scull Int. Dubai 1.21 (3.2) 38,622.3 71.9
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%
Qatar Gas Transport Co. 19.30 (1.8) 365.0 26.5
Qatar Electricity & Water Co. 159.50 (1.1) 0.6 20.5
Doha Insurance Co. 25.50 (1.0) 11.5 3.9
Qatar & Oman Investment Co. 12.66 (0.7) 0.9 2.2
Commercial Bank of Qatar 67.90 (0.6) 132.1 (4.2)
Qatar Exchange Top Val. Trades Close* 1D% Val. ‘000 YTD%
Barwa Real Estate Co. 26.30 1.2 33,084.4 (4.2)
Industries Qatar 151.40 0.1 17,290.3 7.4
United Development Co. 22.10 (0.4) 13,151.4 24.2
QNB Group 168.00 0.0 10,921.2 28.3
Gulf International Services 54.90 1.9 10,157.4 83.0
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* 9,716.43 (0.2) (0.5) 1.1 16.2 45.28 145,041.5 12.1 1.7 4.7
Dubai 2,777.71 (1.3) (1.6) 0.6 71.2 297.22 68,304.5#
16.2 1.1 3.2
Abu Dhabi 3,850.47 (0.5) (0.2) 0.2 46.4 95.54 110,839.3 11.0 1.4 4.7
Saudi Arabia 7,976.80 (0.3) (0.5) 0.1 17.3 1,270.35 425,275.4 16.6 2.1 3.7
Kuwait 7,664.59 0.1 0.5 (1.3) 29.2 148.00 136,295.4 18.4 1.2 3.6
Oman 6,647.74 (0.1) 0.0 0.0 15.4 11.93 23,210.3 11.0 1.6 3.9
Bahrain 1,198.74 0.4 0.4 0.4 12.5 0.55 22,814.4 8.4 0.9 4.0
Source: Bloomberg, Qatar Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any, #- Value as of October 06)
9,700
9,710
9,720
9,730
9,740
9,750
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 declined 0.2% to close at 9,716.4. The
Transportation and Telecoms indices led the losses. The index
declined on the back of selling pressure from Qatari
shareholders despite buying support from non-Qatari
shareholders.
 Qatar Gas Transport Co. and Qatar Electricity & Water Co. were
the top losers, falling 1.8% and 1.1% respectively. Among the
top gainers, Qatar Islamic Insurance rose 2.5%, while Zad
Holding Co. gained 1.9%.
 Volume of shares traded on Monday rose by 20.4% to 4.5mn
from 3.7mn on Sunday. However, as compared to the 30-day
moving average of 7.9mn, volume for the day was 43.8% lower.
Barwa Real Estate Co. and United Development Co. were the
most active stocks, contributing 28.3% and 13.4% 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
RAK Capital Fitch UAE
USD trust certificates’
(sukuk) senior
unsecured rating
– A(EXP)#
– – –
Gulf International
Bank (GIB)
S&P Bahrain SACP/ LT ICR/ ST ICR
BBB-/BBB+/A-
2
BBB/BBB+/A-
2 ##
Positive 
Source: News reports (* LT – Long Term, ST – Short Term, SACP- Stand Alone Credit Profile, ICR- Issuer Credit Ratings) (
#
Rating assigned) (
##
Rating upgraded for SACP)
Earnings Releases
Company Market Currency
Revenue
(mn) 3Q2013
% Change
YoY
Operating Profit
(mn) 3Q2013
% Change
YoY
Net Profit (mn)
3Q2013
% Change
YoY
United Electronic Co. (UEC) Saudi Arabia SR – – 30.4 3.6% 29.4 3.8%
Qassim Cement Co. (QCC) Saudi Arabia SR – – 120.1 6.1% 114.7 3.8%
Halwani Brothers Co. (HB) Saudi Arabia SR – – 26.0 -14.5% 17.0 -17.9%
Source: Company data, DFM, ADX, MSM
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
10/07 EU
Sentix Behavioral
Indices
Sentix Investor Confidence October 6.1 8.5 6.5
10/07 Japan ESRI Leading Index CI August 106.5 106.6 107.9
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
 Qatar’s MoF sets up credit bureau for government firms –
Qatar’s Ministry of Finance (MoF) has set up a new credit
bureau for government and semi-government organizations to
assess their creditworthiness. The bureau would then
recommend to banks and financial institutions if credit facilities
can be extended to or renewed for these organizations. The
credit bureau is the government version of a centralized bureau
supervised by the Qatar Central Bank (QCB) that exists for
individuals and corporate borrowers. The QCB has asked all
banks and financial institutions to directly contact the bureau if a
government or quasi-state organization or any of their
subsidiaries approach them for a loan facility or renewal.
(Peninsula Qatar)
 Ooredoo’s Indosat launches fast internet service in
Indonesia – Indonesia-based Indosat (owned by Ooredoo
Group) has launched a new UMTS 900MHz network that will
provide a faster and better internet experience to Indonesians.
With this, Indosat has become the first telecom operator to
commercially operate a UMTS 900MHz network in Indonesia
after an initial trial in West Sumatra in September 2012. (Gulf-
Times.com)
 QA awarded the best Middle East airline again – Qatar
Airways (QA) has been awarded with the “Best Middle Eastern
Airline” title eight years in a row, at the TTG Asia Travel Awards
in Bangkok. (Peninsula Qatar)
 MERS to disclose its 3Q2013 financial results on October 28
– Al Meera Consumer Goods Company (MERS) will disclose its
3Q2013 financial results for the period ending September 30,
2013 on October 28, 2013. (QE)
International
 US still in fiscal deadlock, but hope glimmers – A few faint
glimmers of hope surfaced in the US fiscal standoff with
President Barack Obama saying he would accept a short-term
increase in the nation's borrowing authority to avoid a default.
Obama's press secretary, Jay Carney said the president would
be willing to accept a short-term debt ceiling increase in order to
get past the potential crisis date of October 17, when the
government hits the $16.7tn borrowing limit. A short-term
increase would give Republicans and Democrats some
Overall Activity Buy %* Sell %* Net (QR)
Qatari 62.07% 64.70% (4,325,455.69)
Non-Qatari 37.93% 35.30% 4,325,455.69

3. Page 3 of 5
breathing room, but that would not address the substantial
issues preventing an agreement. (Reuters)
 IMF warns difficulty in exiting unconventional monetary
policies – According to the IMF, tighter monetary policy in
advanced economies could create a bumpy ride for financial
markets around the world that central banks may be unable to
control. The IMF said unconventional monetary policies such as
the US Federal Reserve's massive bond-buying programs
helped restore order and lift global growth in the wake of the
financial crisis in 2007-2009. However, unwinding these policies
may have much more profound negative effects, especially for
countries that received the largest capital inflows. The IMF
warned that India and Indonesia in particular have more limited
policies to deal with the fallout. (Reuters)
 Greek budget sees end to six-year recession next year –
According to the draft budget forecast, Greece will emerge from
six years of recession next year. The Greek economy, which
has shrunk by about a quarter since its peak in 2007, will grow
by a modest 0.6% next year mainly due to a rebound in
investment and exports including tourism. (Reuters)
 China services PMI slows to 52.4 in September – According
to the survey by Markit/HSBC, growth in China's services
industry slowed in September and optimism over the business
outlook weakened. The Markit/HSBC services PMI for
September dipped to 52.4 from 52.8 in August. The reading is in
contrast to China's official services PMI, released last week,
which showed the sector expanded at the fastest pace in six
months in September as demand grew. The official PMI rose to
55.4 in September from 53.9 in August. (Reuters)
 World Bank to cut $400mn from budget in reorganization –
The World Bank is planning to cut $400mn from its budget as
part of a sweeping reorganization activity to make the global
lender more efficient and responsive. The savings are part of the
World Bank's first major strategic realignment in 17 years. World
Bank's Chief Financial Officer Bertrand Badre said the $400mn
in savings will be phased in over three years, marking an 8% cut
from the bank's current $5bn in annual expenses. Badre said
the ultimate goal of the cuts, along with planned increases in
revenue, was to help the bank grow and better serve
governments. (Reuters)
Regional
 Moody’s: Global Takaful premiums to exceed $20bn by
2017 – According to a report released by the Moody’s, Islamic
insurance Takaful has grown faster than conventional insurance
and is expected to see premiums in excess of $20bn by 2017,
even as challenges remain. Moody’s said the rising popularity of
Takaful across the globe is primarily supported by countries in
the GCC region, Levant, Africa and South East Asia. Moody’s
expect that the global growth in Takaful premiums will continue
strongly. Moody’s added that the GCC region’s current
insurance penetration and density is relatively low compared to
more developed markets, primarily due to low awareness of
insurance benefits and the relatively recent growth in substantial
insurable assets (real estate). Given the expected continued
growth in insurable wealth, as well as greater awareness of the
insurance’s value, Moody’s expect insurance penetration to
converge toward global levels over time. (Gulf-Times.com)
 Moody's: Saudi Arabia's banking system outlook remains
Stable – According to a report published by Moody’s, the
outlook for Saudi Arabia's banking system remains Stable. The
report showed that the key drivers of the outlook are namely, a
benign operating environment; low problem loan levels; strong
loss-absorption capacity, underpinned by high capital buffers
and solid profitability; and the sector's stable, low-cost deposit
base and ample liquidity. However, Moody's said that these
system-wide strengths will remain counterbalanced by structural
weaknesses - high loan and deposit concentrations and the
financial opacity of certain family conglomerates - over the 12-18
month outlook period. (Bloomberg)
 Alinma Bank reports SR262mn net profit in 3Q2013 – Alinma
Bank has reported a net profit of SR262mn in 3Q2013,
indicating an increase of 8.7% QoQ (+33.7% YoY). EPS stood
at SR0.49 for nine months ended on September 30, 2013 as
compared to SR0.35 for nine months ended on September 30,
2012. The bank’s total assets at the end of September 2013
stood at SR59.1bn over SR49.9bn over September 30, 2012.
Loans & advances rose by 19.8% YoY to SR41.9bn, while
customer deposits were up by 31.7% YoY to SR37.6bn.
(Tadawul)
 SHB reports SR433.3mn net profit in 3Q2013 – Saudi
Hollandi Bank (SHB) has reported a net profit of SR433.3mn in
3Q2013, reflecting an increase of 15.6% QoQ (+36.6% YoY).
EPS for nine months ended on September 30, 2013 stood at
SR2.91 as compared to SR2.37 for nine months ended on
September 30, 2012. Total assets rose 19.3% YoY to SR78bn.
The bank’s loans & advances increased 23% YoY to SR53.7bn,
while customer deposits were up by 16.4% YoY to SR61.4bn at
the end of September 2013. (Tadawul)
 Kingdom ranks 14th in McKinsey’s HQD index – According
to a report released by McKinsey & Company, Saudi Arabia has
one of the world’s highest concentration of large companies and
has been ranked 14th in the Headquarters Density (HQD) Index.
This index is calculated based on the ratio of sum of global
consolidated revenues of all large companies headquartered in
a jurisdiction as compared to the nation’s GDP. The report
showed that Riyadh is the powerhouse of the Middle East,
hosting 19 large companies that generate revenues of more
than $1bn per year. McKinsey’s estimates show that more than
45% of the Fortune Global 500 companies will be based in
emerging economies by 2025, reflecting a 5% rise since 2000.
(GulfBase.com)
 TCC obtains SR500mn credit facility from Bank Albilad –
Tabuk Cement Company (TCC) has entered into a credit facility
agreement worth SR500mn with Bank Albilad to finance its
cement plant expansion. TCC’s Chairman Khalid bin Saleh Al
Shathri said that this credit facility will be used to implement the
second phase of construction of its new cement production line,
which represents 45% of the clinker production line of 5,000
tons per day, a power station and desalination plant. The
company will finance the remaining project cost amounting to
SR600mn. He stated that the project’s financial impact will be
seen in 4Q2015. Al Shathri also said that the project’s pilot
production will begin by the end of 3Q2015, while its commercial
production will begin at the end of 4Q2015. (GulfBase.com)
 Saudi CMA approves Savola’s capital increase – The Saudi
Capital Market Authority’s (Saudi CMA) board has approved the
request of Savola Group to increase its capital from SR5bn to
SR5.3bn. This will enable Savola to acquire the entire ownership
of Al Muhaidib Holding Company’s stakes, 10% shares of
Savola Foods Company and 18.6% shares of Azizia Panda
United Company. (Tadawul)
 Saudi CMA grants license to Musharaka Capital – The Saudi
CMA has issued a resolution authorizing Musharaka Capital
Company to conduct dealings as a principal, which will manage
investment funds, custody, and advise on investment activities.
(Tadawul)

4. Page 4 of 5
 UBF ink MoU with ABI for banking cooperation – The UAE
Banks Federation (UBF) has signed a MoU with Italian Banking
Association (ABI) to cooperate on mutual banking industry
activities. Under this agreement, UBF and ABI have agreed to
cooperate on activities, which include the exchange of
information about policies & procedures, conducting workshops
and training programs. The UBF and ABI will establish channels
to support the business development of their member banks in
the UAE and Italy. (GulfBase.com)
 RAK Properties to launch two projects in Dubai – RAK
Properties is planning to launch two new projects with an
investment of approximately AED400mn on the first day of
Cityscape Global 2013 exhibition. (GulfBase.com)
 Nakheel’s net profit rises 58% to AED1.77bn – Dubai-based
developer Nakheel has reported a net profit of AED1.77bn for
the nine months ended on September 30, 2013, reflecting an
increase of 58% YoY. Revenues rose by 50% YoY to
AED6.83bn during this period. (GulfBase.com)
 Al Habtoor to construct three more towers in Al Habtoor
City – Al Habtoor Group is planning to construct three more
towers in Al Habtoor City on Sheikh Zayed Road in Dubai that
will include penthouses worth $245mn. The Al Habtoor City will
include 1,460 apartments and three hotels with around 1,600
hotel rooms. Al Habtoor’s Chairman Khalaf al Habtoor said that
these additional towers will boost the value of the Al Habtoor
City project to AED11bn. This project will have 11 penthouses,
which will be sold for more than AED900mn. This project will
also have a French-style garden and an air conditioned tennis
court. Al Habtoor will finance this project from its own resources
and the construction will be completed by early 2016.
(Bloomberg)
 Abraaj to invest in AIS – The Abraaj Group will invest in the
African Industrial Services Group (AIS) through one of its funds.
This investment will allow AIS to expand its services to both
existing and new customers, and upgrade its inventory
management system across West Africa. AIS will focus on
developing its four core areas of business: product range
extension, geographical expansion, consolidation of new
markets and in-house production capacity increase.
(GulfBase.com)
 DH signs JV with Emaar to develop waterfront within MBR
City – Dubai Holding (DH) has entered into a JV agreement with
Emaar Properties to develop “The Lagoons”, a waterfront city
within the Mohammed Bin Rashid City (MBR City). This 6mn
square meter project will be built by the banks of the Dubai
Creek. (DFM)
 DIRC begins work on its new Dubai projects – Dubai
Investments Real Estate Company (DIRC) has begun work on
its new residential and commercial projects in Dubai. These new
projects are located within Mirdif, Meydan and Jumeirah areas.
(GulfBase.com)
 ADNEC obtains Kurdistan’s approval to develop the Atrush
Block – The Abu Dhabi National Energy Company (ADNEC)
has obtained approval from the Kurdistan Regional Government
(KRG) to develop the Atrush Block in the autonomous region of
Iraq. The block’s first phase of development is expected to
produce around 30,000 bpd of oil, with the first batch expected
to flow by early 2015. The second phase could add another
30,000 bpd of oil production, along with some associated gas for
the domestic market, which is subject to KRG’s approval and
further field appraisals. (Bloomberg)
 Etihad reports passenger revenue of $1.03bn in 3Q2013 –
Etihad Airways said growth from code-share deals and equity
partners raised passenger revenue to a record $1.03 billion in
3Q2013 with around 3mn passengers flying in the carrier. The
airline’s total revenue rose 11% to $1.41bn, with contribution
from alliance partners increasing 36% to $247mn. The
partnerships have accounted for 23% of passenger revenue.
(Bloomberg)
 Al Hilal successfully places $500mn debut sukuk – Al Hilal
Bank has successfully placed its $500mn debut sukuk whose
order book was oversubscribed by more than 12 times. The total
investor demand for this sukuk reached $6.3bn from 220
investors. This sukuk has a maturity of five years and will pay a
fixed coupon of 3.267% per annum. (GulfBase.com)
 OSC closes OMR137mn loan facility from Bank Muscat and
Bank Dhofar – The Oman Shipping Company (OSC) has
successfully closed a financing facility worth OMR137mn from
Bank Muscat and Bank Dhofar. This facility will used to acquire
four very large ore carriers (VLOCs), each having a capacity of
400,000 deadweight tonnage (dwt). Bank Muscat was the
mandated lead arranger, while Bank Dhofar acted as the
participating bank for this facility. Bank Muscat contributed
OMR107mn, while Bank Dhofar provided OMR30mn for this
facility. (GulfBase.com)
 Al Fajar Al Alamia’s BoD approves 5% cash dividend – The
Al Fajar Al Alamia Company’s board of directors have approved
to distribute a cash dividend of 5% (OMR0.005 per share) for
the year ended on June 30, 2013. (MSM)
 Gulf Hotels (Oman)’s BoD approves 40% cash dividend –
The Gulf Hotels (Oman) Company’s board of directors have
approved to distribute a cash dividend of 40% of the paid-up
capital to its shareholders (400 baisas per share). (MSM)
 Alba’s sales increase 4.2% YoY in 3Q2013 – Aluminum
Bahrain (Alba) has reported that its sales figures were up by
4.2% YoY to reach 227,758 metric tons (mt) in 3Q2013 while
production figures increased by 10,377 mt to reach 230,058 mt
as compared to the same period of 2012. Sales figures for the
month of September alone rose by 14.7% to reach 94,000 mt. In
addition, Alba closed 3Q2013 with an average of 66% of total
shipments versus 65% for the same period in 2012. Sales
figures for the first nine months of 2013 inched up by 2.7% YoY
to 682,188 mt ahead of the company’s own forecast for the
period. Production figures were up by 3% YTD reaching 682,785
mt versus 663,214 mt for the same period in 2012. (Bahrain
Bourse)

5. Contacts
Saugata Sarkar Ahmed M. Shehada Keith Whitney Sahbi Kasraoui
Head of Research Head of Trading Head of Sales Manager - HNWI
Tel: (+974) 4476 6534 Tel: (+974) 4476 6535 Tel: (+974) 4476 6533 Tel: (+974) 4476 6544
saugata.sarkar@qnbfs.com.qa ahmed.shehada@qnbfs.com.qa keith.whitney@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
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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 (*Market closed on October 07, 2013) Source: Bloomberg (*Market closed on October 07, 2013)
80.0
90.0
100.0
110.0
120.0
130.0
140.0
150.0
Jan-10 Aug-10 Mar-11 Oct-11 May-12 Dec-12 Jul-13
QE Index S&PPan Arab S&P GCC
(0.3%)
(0.2%)
0.1%
0.4%
(0.1%)
(0.5%)
(1.3%)
(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/Ounce 1,323.23 0.9 0.9 (21.0) DJ Industrial 14,936.24 (0.9) (0.9) 14.0
Silver/Ounce 22.37 2.9 2.9 (26.3) S&P 500 1,676.12 (0.9) (0.9) 17.5
Crude Oil (Brent)/Barrel (FM
Future)
109.68 0.2 0.2 (1.3) NASDAQ 100 3,770.38 (1.0) (1.0) 24.9
Natural Gas (Henry
Hub)/MMBtu
3.61 1.4 1.4 5.3 STOXX 600 309.18 (0.2) (0.2) 10.5
North American Spot LPG
Propane Price
109.38 (0.1) (0.1) 22.2 DAX 8,591.58 (0.4) (0.4) 12.9
North American Spot LPG
Normal Butane Price*
143.75 0.0 0.0 (16.9) FTSE 100 6,437.28 (0.3) (0.3) 9.1
Euro 1.36 0.2 0.2 2.9 CAC 40 4,165.58 0.0 0.0 14.4
Yen 96.71 (0.8) (0.8) 11.5 Nikkei 13,853.32 (1.2) (1.2) 33.3
GBP 1.61 0.5 0.5 (1.0) MSCI EM 1,004.66 (0.3) (0.3) (4.8)
CHF 1.11 0.5 0.5 1.4 SHANGHAI SE Composite* 2,174.67 0.0 0.0 (4.2)
AUD 0.94 (0.1) (0.1) (9.3) HANG SENG 22,973.95 (0.7) (0.7) 1.4
USD Index 79.94 (0.2) (0.2) 0.2 BSE SENSEX 19,895.10 (0.1) (0.1) 2.4
RUB 32.25 0.2 0.2 5.6 Bovespa 52,417.10 (0.8) (0.8) (14.0)
BRL 0.45 0.3 0.3 (7.0) RTS 1,444.32 0.1 0.1 (5.4)
139.6
125.7
114.2