The QSE Index rose 1.3% to close at 10,451.33.

1. Page 1 of 6
QSE Intra-Day Movement
Qatar Commentary
The QSE Index rose 1.3% to close at 10,451.33. Gains were led by the Insurance and
Banks & Financial Services indices, gaining 1.6% each. Top gainers were Qatar
General Insurance & Reinsurance Company and Islamic Holding Group, rising 2.9%
and 2.5%, respectively. Among the top losers, Ahli Bank fell 7.5%, while Gulf
Warehousing Company was down 1.1%.
GCC Commentary
Saudi Arabia: The TASI Index rose 0.9% to close at 7,916.8. Gains were led by the
Commercial & Professional Svc and Food & Beverages indices, rising 1.8% and
1.6%, respectively. Saudi Industrial Export Co. rose 9.9%, while Saudi Arabian
Mining Co. was up 6.0%.
Dubai: Market was closed on December 3, 2018.
Abu Dhabi: Market was closed on December 3, 2018.
Kuwait: The Kuwait Main Market Index declined 0.1% to close at 4,731.5. The
Technology index fell 3.7%, while the Industrials index declined 0.5%. Real Estate
Trade Centers Co. fell 10.1%, while Injazzat Real Estate Development Co. was down
8.2%.
Oman: The MSM 30 Index rose 0.7% to close at 4,450.2. Gains were led by the
Financial and Services indices, rising 0.6% and 0.3%, respectively. Dhofar
Insurance rose 5.5%, while Bank Nizwa was up 4.7%.
Bahrain: The BHB Index fell 0.5% to close at 1,325.9. The Commercial Banks index
declined 0.9%, while the Investment index fell 0.1%. Al Baraka Banking Group
declined 1.7%, while Ahli United Bank was down 1.5%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Qatar General Ins. & Reins. Co. 45.29 2.9 1.3 (7.6)
Islamic Holding Group 23.43 2.5 33.2 (37.5)
The Commercial Bank 42.21 2.2 187.3 46.1
Qatar Islamic Insurance Company 55.00 2.1 23.3 0.1
Qatar National Cement Company 59.20 2.1 16.8 (5.9)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Doha Bank 21.91 0.7 866.9 (23.1)
Barwa Real Estate Company 38.40 (0.5) 848.0 20.0
Mazaya Qatar Real Estate Dev. 7.90 1.8 817.2 (12.2)
Qatar First Bank 4.40 1.6 794.9 (32.6)
Qatar Gas Transport Company Ltd. 18.35 2.0 650.5 14.0
Market Indicators 03 Dec 18 02 Dec 18 %Chg.
Value Traded (QR mn) 301.2 72.2 317.3
Exch. Market Cap. (QR mn) 590,796.6 583,783.7 1.2
Volume (mn) 7.7 3.3 131.8
Number of Transactions 5,106 2,244 127.5
Companies Traded 43 41 4.9
Market Breadth 28:12 16:23 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 18,414.08 1.3 0.8 28.8 15.4
All Share Index 3,110.27 1.2 0.3 26.8 15.7
Banks 3,876.34 1.6 0.4 44.5 14.5
Industrials 3,300.39 1.2 1.1 26.0 15.7
Transportation 2,126.28 1.0 0.3 20.3 12.4
Real Estate 2,083.16 (0.2) (2.0) 8.8 18.8
Insurance 3,045.82 1.6 1.1 (12.5) 18.1
Telecoms 1,061.69 1.4 1.8 (3.4) 43.0
Consumer 6,848.38 0.7 1.0 38.0 14.0
Al Rayan Islamic Index 3,907.60 0.7 0.6 14.2 15.3
GCC Top Gainers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Saudi Arabian Mining Co. Saudi Arabia 50.60 6.0 1,187.9 (2.5)
Saudi British Bank Saudi Arabia 34.15 3.2 413.2 26.5
Almarai Co. Saudi Arabia 50.90 3.1 404.8 (5.3)
Raysut Cement Oman 0.40 3.1 19.8 (48.2)
Saudi Industrial Inv. Grp. Saudi Arabia 26.00 3.0 846.9 35.7
GCC Top Losers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Co. for Cooperative Ins. Saudi Arabia 60.60 (3.0) 260.2 (35.8)
Ahli United Bank Bahrain 0.67 (1.5) 11,729.0 0.5
Ominvest Oman 0.34 (1.2) 70.0 (20.7)
Agility Public Ware. Co. Kuwait 0.80 (1.1) 1,060.4 14.4
Taiba Holding Co. Saudi Arabia 31.00 (1.0) 115.7 (10.9)
Source: Bloomberg (# in Local Currency) (## GCC Top gainers/losers derived from the S&P GCC
Composite Large Mid Cap Index)
QSE Top Losers Close* 1D% Vol. ‘000 YTD%
Ahli Bank 27.30 (7.5) 0.2 (26.5)
Gulf Warehousing Company 40.55 (1.1) 9.5 (7.8)
Medicare Group 62.62 (0.7) 24.1 (10.4)
Mannai Corporation 57.58 (0.7) 0.2 (3.2)
Barwa Real Estate Company 38.40 (0.5) 848.0 20.0
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
QNB Group 200.49 1.8 81,152.9 59.1
Barwa Real Estate Company 38.40 (0.5) 32,171.3 20.0
Industries Qatar 136.90 1.9 26,456.3 41.1
Qatar Fuel Company 169.70 1.3 19,355.2 66.3
Doha Bank 21.91 0.7 18,872.1 (23.1)
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* 10,451.33 1.3 0.8 0.8 22.6 82.46 162,291.8 15.4 1.6 4.2
Dubai#
2,668.66 (0.6) (3.1) (4.2) (20.8) 118.40 96,843.3 9.0 1.0 6.6
Abu Dhabi#
4,770.08 (2.3) (4.3) (2.7) 8.4 312.47 130,767.3 12.9 1.4 5.1
Saudi Arabia 7,916.79 0.9 2.8 2.8 9.6 1,169.17 499,890.5 17.1 1.8 3.5
Kuwait 4,731.48 (0.1) 0.0 0.0 (2.0) 42.73 32,375.4 16.7 0.9 4.4
Oman 4,450.19 0.7 0.9 0.9 (12.7) 6.31 19,261.7 10.5 0.8 5.8
Bahrain 1,325.93 (0.5) (0.2) (0.2) (0.4) 21.94 20,198.3 9.0 0.8 6.2
Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Market and Dubai Financial Market (** TTM; * Value traded ($ mn) do not include special trades, if any;
#
Data as of November 29, 2018)
10,250
10,300
10,350
10,400
10,450
10,500
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00

2. Page 2 of 6
Qatar Market Commentary
 The QSE Index rose 1.3% to close at 10,451.3. The Insurance and Banks
& Financial Services indices led the gains. The index rose on the back of
buying support from GCC and non-Qatari shareholders despite selling
pressure from Qatari shareholders.
 Qatar General Insurance & Reinsurance Company and Islamic Holding
Group were the top gainers, rising 2.9% and 2.5%, respectively. Among
the top losers, Ahli Bank fell 7.5%, while Gulf Warehousing Company
was down 1.1%.
 Volume of shares traded on Monday rose by 131.8% to 7.7mn from
3.3mn on Sunday. Further, as compared to the 30-day moving average of
6.7mn, volume for the day was 15.8% higher. Doha Bank and Barwa
Real Estate Company were the most active stocks, contributing 11.2%
and 10.9% to the total volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
12/03 US Markit Markit US Manufacturing PMI November 55.3 55.4 55.4
12/03 US US Census Bureau Construction Spending MoM October -0.1% 0.4% -0.1%
12/03 UK Markit Markit UK PMI Manufacturing SA November 53.1 51.7 51.1
12/03 EU Markit Markit Eurozone Manufacturing PMI November 51.8 51.5 51.5
12/03 Germany Markit Markit/BME Germany Manufacturing PMI November 51.8 51.6 51.6
12/03 France Markit Markit France Manufacturing PMI November 50.8 50.7 50.7
12/03 Japan Markit Nikkei Japan PMI Mfg November 52.2 – 51.8
12/03 Japan Ministry of Finance Japan Capital Spending YoY 3Q2018 4.5% 8.5% 12.8%
12/03 China Markit Caixin China PMI Mfg November 50.2 50.1 50.1
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
 Al Kaabi: Qatar to pull out of OPEC in January 2019 – Qatar will
withdraw from the OPEC with effect from January 1, 2019, HE
the Minister of State for Energy Affairs, Saad bin Sherida Al-
Kaabi said. Qatar joined OPEC in 1961, one year after the
organization’s establishment. Al-Kaabi said, “Our strategy is to
remain focused on its core business and activities in Qatar and
to enhance Qatar’s international standing as the world’s
leading natural gas producer. Qatar has worked (through Qatar
Petroleum) to develop and increase our LNG production from
77mn tons per year to 110mn tons by 2024. The global oil
market will not be affected by the move, since Qatar is not a
high volume producer of oil.” He added, “Qatar’s decision to exit
OPEC is not political, it was purely a business decision for
Qatar’s future strategy towards the energy sector.” Al Kaabi
further stated, “Qatar has worked diligently during the past few
years to develop a future strategy in the oil & gas sector based
on growth and expansion, both in its activities in Qatar and
internationally. This strategy has driven the expansion of our
international upstream footprint to reach countries like Brazil,
Mexico, Argentina, Cyprus, Congo, South Africa, and the
Sultanate of Oman, to name a few. Moreover, in the next few
months we will be announcing several major international
partnerships. Our objective in this strategy was to remain
focused on our core business and activities in Qatar, and to
enhance Qatar’s international standing as the world’s leading
natural gas producer.” (Gulf-Times.com)
 Qatar-Oman trade exchange posts 101% growth, says Al
Kuwari – Trade exchange between Qatar and Oman has reached
QR4.1bn, registering a 101% growth, according to Qatar’s
Minister of Commerce and Industry, HE Ali bin Ahmed Al
Kuwari, who lauded both countries’ robust ties in the
investment and trade sectors. (Gulf-Times.com)
 QSE announces the launch of electronic disclosure system
using XBRL – Qatar Stock Exchange (QSE) announced the
launch of a unified electronic disclosure system project using
XBRL language (Extensible Business Reporting Language) in
Qatar Capital Market. The project, which is aimed at facilitating
the disclosure process and serving all related parties, will make
a paradigm shift in the disclosure of financial and nonfinancial
data of the companies and it will develop the process of
accessing all disclosures, and thus will improve the disclosure
and transparency level in the market and increase the speed of
access to the required information by investors and other
interested parties locally and internationally. An official source
at the QSE said that as soon as the listed companies upload the
related data on the electronic disclosure platform available on
QSE’s website, all recipients can obtain the information
published at the same time without delay. Format
standardization of data dissemination process would make it
easier for academics, analysts and the financial community to
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 24.43% 46.63% (66,882,239.74)
Qatari Institutions 11.02% 15.11% (12,313,180.70)
Qatari 35.45% 61.74% (79,195,420.44)
GCC Individuals 0.22% 0.75% (1,592,833.87)
GCC Institutions 4.09% 2.61% 4,470,232.33
GCC 4.31% 3.36% 2,877,398.46
Non-Qatari Individuals 8.15% 10.55% (7,234,619.95)
Non-Qatari Institutions 52.09% 24.35% 83,552,641.93
Non-Qatari 60.24% 34.90% 76,318,021.98

3. Page 3 of 6
use such data in an organized and easy manner in the
preparation of their reports and analyses in accordance with
international accounting standards. The official source said
that the proper rules regulating the disclosure process between
the listed companies, the QSE and the regulator will be issued
once the project is officially adopted by the regulator, so that all
listed companies would be able to provide the QSE and the
regulator with all financial and non-financial disclosures
through uploading them on this platform. The source added
that the QSE and QFMA will jointly conduct awareness
campaigns and training sessions to introduce the new platform
to the market. (QSE)
 QNB Group chosen ‘Bank of the Year 2018’ for Qatar and the
Middle East by Banker magazine – QNB Group was recognized
as the ‘Bank of the Year 2018’ for Qatar and the Middle East by
the Banker magazine during the annual awards ceremony.
Regarded as the industry standard for banking excellence, the
award is given to top global banks based on their performance
and ability to deliver returns, gain strategic advantage and
serve their markets. Receiving two of the most prestigious
awards in the banking industry is a testament to the Group’s
commitment to maintain sustained levels of growth and strong
financial performance over the past 12 months, while
expanding its operations and opening new branches. (Gulf-
Times.com)
 Al Jazeera signs partnership pact with Qatar Islamic Insurance
Company – Al Jazeera Media Network (Al Jazeera) signed a
partnership agreement with Qatar Islamic Insurance Company.
Under this agreement, Qatar Islamic Insurance Company will
sponsor Al Jazeera Arabic Channel’s program and Al Jazeera
Mubasher program. As part of the agreement, Al Jazeera will
produce and promote Qatar Islamic Insurance Company on the
network’s channels and websites. (Peninsula Qatar)
International
 US construction spending slows, factory growth readings
mixed – US construction spending fell for a third straight
month, government data showed, while private sector figures
showed an uptick in manufacturing order growth but offered a
mixed view on overall factory activity. The data comes as many
investors are watching for signs the Federal Reserve’s three-
year tightening cycle could be coming to a close after an
expected hike this month, which would be the fourth by the US
central bank this year. The Commerce Department stated that
total construction spending fell 0.1% to $1.31tn in October,
while economists polled by Reuters had forecast outlays rising
0.4%. The figure rose 4.9% on a YoY basis. The Commerce
Department also revised its September construction figure,
previously reported as unchanged, to show 0.1% decline.
Private construction spending fell by 0.4% in October,
compared to 0.4% growth a month earlier. Private residential
outlays dipped 0.5% to the lowest since November 2017. US
manufacturing activity picked up in November, according to
data from the Institute for Supply Management (ISM), though a
gauge of prices paid tumbled from a month earlier. ISM’s US
manufacturing index rose to 59.3 in November from 57.7 in
October, topping economists’ expectations for a reading of 57.6.
A reading above 50 indicates expansion in the sector. (Reuters)
 US expects immediate action from China on trade
commitments – The US expects China to take immediate action
to cut tariffs on US car imports and end intellectual property
theft and forced technology transfers as the two countries
move toward a broader trade deal, a White House official said.
US President, Donald Trump and Chinese President, Xi Jinping
agreed to a ceasefire in a trade war that has seen the flow of
hundreds of billions of Dollars worth of goods between the
world’s two largest economies disrupted by tariffs. The two
leaders agreed to hold off on imposing more tariffs for 90 days,
starting December 1, while they negotiate a deal to end the
dispute following months of escalating tensions. (Reuters)
 UK’s factories see inventories up, exports down, as Brexit nears
– The approach of Brexit was felt in Britain’s factories in
November, as companies stocked up on parts to counter any
border delays and exports suffered a rare back-to-back fall, a
survey showed. The IHS Markit/CIPS Manufacturing
Purchasing Managers’ Index (PMI) rose to 53.1 from 51.1 in
October, its weakest reading since the Brexit referendum.
Although the index proved stronger than all the forecasts in a
Reuters poll of economists, it was still one of the lowest since
voters decided to leave the European Union in June 2016.
(Reuters)
 Italy, Spain and France would face EUR90bn hit on new ECB
‘key’ – The European Central Bank (ECB) would have to reduce
its holdings of Italian, Spanish and French government bonds
by nearly EUR90bn if it strictly follows its new shareholder
base, Reuters calculations on ECB data showed. The ECB
started to buy government debt in 2015 in a bid to revive
inflation in the Eurozone, with a pledge to divide up its holdings
in proportion to how much capital each country had paid into
Frankfurt’s coffers. Some four years and EUR2tn later, the ECB
has deviated significantly from this so called capital key, which
was updated on December 3, 2018. The deviations were due to
Greece and Cyprus being excluded from the program and to a
scarcity of bonds to buy in other countries. Italy, Spain and
France, which have large stocks of public debt, picked up most
of that slack, ending up with some EUR36bn, EUR28bn and
EUR24bn worth of debt on the ECB’s books, respectively, more
than they should, according to Reuter’s calculations including
all euro zone countries. (Reuters)
 China’s November factory activity up a touch but client
demand ebbs – China’s factory activity grew slightly in
November, a private survey showed, though new export orders
extended their decline in a further blow to the sector already
hurt by the Sino-US trade frictions. The Caixin/Markit
Manufacturing Purchasing Managers’ Index (PMI) for
November, released on December 3, 2018, ticked up to 50.2 from
50.1 in October. Economists polled by Reuters had forecast a
reading of 50.0, the level that separates expansion from
contraction. Domestic orders have been losing momentum in
recent quarters as the world’s second-largest economy slows.
Overall, a sub-index measuring new orders did improve slightly
to 50.9 in November from 50.4 in the previous month, after
manufacturers cut prices. (Reuters)
Regional
 Finance Minister: Saudi Arabia’s debt-to-GDP ratio will not
exceed 21-22% next year – Saudi Arabia’s 2019 budget will be

4. Page 4 of 6
expansionary and won’t differ greatly from numbers released in
the September pre-budget announcement, Finance Minister,
Mohammed Al-Jadaan said in an interview with Al-Arabiya
television. He added that the debt-to-GDP ratio won’t exceed
21-22% next year and it will not exceed 25% in the coming
years. Al-Jadaan indicated that the government will draw down
the reserves, if needed. The non-oil growth in 1H2018 was 2%,
compared with 0.1% in the same period last year. The
government is ‘conducting studies’ on social benefit spending,
including Citizen’s Account program, to confirm its efficiency
and that it reaches beneficiaries. (Bloomberg)
 Saudi Arabia set to attract $40bn FDI due to MSCI status – Head
of Investment, MENA Equity, Franklin Templeton UAE, Salah
Shamma said, “MSCI emerging-markets status inclusion of
Saudi Arabia is expected to attract $40bn FDI to the Kingdom’s
capital market, which is larger than some of the bigger
emerging markets such as Russia and has strongly positive
impact on the UAE and other GCC market economies.” He added
that 2.6% of MSCI Benchmark Index for the Kingdom is a game-
changer. Shamma added, “The recent upgrade of Saudi Arabia’s
equity markets by the MSCI to its group of emerging markets
will help the country attract billions of Dollars into MENA’s
biggest stock exchange, which has a market capitalization of
$500bn. Despite risks, the country has already received the
attention of the global investor community and following
further reforms, we expect the Kingdom’s economy to attract a
large pool of investment and talent pool to spearhead the
execution of large-scale projects. These developments offer
greater opportunities for the global investor community – who
are already taking note of the changes and have already started
to shift their investments in to the GCC,” William Mullally said.
(GulfBase.com)
 Alinma Bank distributes share dividend for 2018 – Alinma
Bank’s board of directors recommended the distribution of a
share dividend for the 2018 fiscal year. After approval at the
bank’s next general assembly meeting in early 2019,
shareholders will receive SR1.00 per share (10% of nominal
value). The total disbursal will amount to SR1,489,967,444. This
marks the fifth consecutive fiscal year in which Alinma Bank
has declared a dividend. (GulfBase.com)
 Saudi Arabia's AHAB turns to new bankruptcy law to settle
with creditors – Ahmad Hamad Algosaibi and Brothers (AHAB)
has become the first company to file for a settlement under
Saudi Arabia’s new bankruptcy law, seeking to resolve the
Kingdom’s longest-running and largest debt dispute. The
company hopes the move will help to bring a conclusion to
creditor talks that have rumbled on since AHAB and Saad Group
defaulted on about $22bn of debt in 2009. The law, which came
into effect in August 2018, is the latest of the Kingdom’s
reforms aimed at attracting foreign investment and reducing
the economy’s dependence on oil. (Reuters)
 Abu Dhabi announces $4.98bn residential loans, plots – Crown
Prince of Abu Dhabi, Deputy Supreme Commander of the UAE
Armed Forces and Chairman of Abu Dhabi Executive Council,
Sheikh Mohamed bin Zayed Al Nahyan has ordered the
distribution of housing loans and residential lands worth more
than $4.98bn to 12,475 beneficiaries in the Emirate, a report
stated. This comes in line with the directives of President, HH
Sheikh Khalifa bin Zayed Al Nahyan, reported state news
agency Wam. As per the order, Sheikh Mohamed has approved
8,662 housing loans valued at AED16.2bn besides the allocation
of 953 government houses worth AED79mn, and 2,213
residential plots worth AED1.41bn, the report stated. The move
is consistent with keenness of Sheikh Khalifa and Sheikh
Mohamed to ensure social stability and to provide decent living
standards to Emiratis, it added. (GulfBase.com)
 Omani products exported to 135 countries globally – Ithraa’s
Director General of Marketing & Media, Taleb al Makhmari,
said, “Oman has long been an outward looking trading nation.
At our best, we’ve done business in every corner of the globe.
It’s in our DNA to travel, to engage trade and sell. And today,
exporting is more important to our economic ambitions than it
has ever has been.” Exports are central to Oman’s prosperity,
growth and development, helping create quality jobs, and spur
innovation and entrepreneurship. “Today, and as of the last
count, we’re proudly exporting to 135 countries. And we look
forward to expanding on this not just in number but also in
volume,” Al Makhmari said. Despite the recent international
financial crisis, global exports in 2017 were worth more than
double than they were in 1997. On the home front, Oman’s non-
oil exports reached $8.2bn in 2017 up from $6.2bn in 2016. A
remarkable success, yet according to Al Makhmari, there is so
much more to achieve. “We’re living in times of great change,
and many developing economies are among the key drivers of
global economic growth — many, thanks to our strategic
location at the intersection of east — west trade routes and
world-class logistics network, are within easy reach of Oman,”
he said. (GulfBase.com)
 Oman to offer six new oil blocks for investment – Oman has
announced plans to offer six new oil and gas blocks for
investment as part of the 2019 licensing round due to be
unveiled in the first quarter of next year. The new blocks -
distributed across the play fairway onshore Oman - underscore
sustained investor confidence in the Sultanate’s upstream
energy sector, according to a high-level official of the Ministry
of Oil and Gas. Director-General of Planning and Studies, Saleh
al Anboori, identified the new acreage on offer as Blocks 70, 73,
74, 75, 76 and 58. The official made the announcement during
the opening session of the 2nd OPAL Oil & Gas Conference at
the Oman Convention & Exhibition Centre. Speaking on the
theme, ‘Investing in Oman’s Oil & Gas Industry’, he said the six
blocks represent new acreage that is surrounded by existing oil
and gas fields. They will be awarded against Exploration and
Production Sharing Agreements (EPSA). In addition, two other
blocks are also open for investment based on ‘One-to-One’
negotiations with qualified international parties with the
technological wherewithal and resources required to unlock the
challenging hydrocarbon potential of these concessions. They
include Block 71, containing the Habhab field, home to a multi-
billion barrel (STOIIP) ultra-heavy oil reservoir. The other
concession is Block 43B. (GulfBase.com)
 Raysut Cement inks deal for waste heat recovery project –
Raysut Cement Company signed an agreement to develop a
waste heat recovery project with a Chinese company, Sinoma
Overseas Development. The project is the first-of-its-kind in the
Sultanate. Upon the completion of the project, the current

5. Page 5 of 6
power cost is expected to be reduced by 30%. Joey Ghose, CEO
of Raysut Cement Company, and Meng Qinglin, CEO of Sinoma
Overseas Development, signed the agreement in the presence
of Ahmed bin Yousef bin Alawi Al Ibrahim, Chairman, Board of
Directors, Raysut Cement Company. (GulfBase.com)
 Bahrain sells BHD70mn 91-day bills; bid-cover at 1.06x –
Bahrain sold BHD70mn of bills due on March 6, 2019. Investors
offered to buy 1.06 times the amount of securities sold. The bills
were sold at a price of 98.932, having a yield of 4.27% and will
settle on December 5. (Bloomberg)

6. Contacts
Saugata Sarkar, CFA, CAIA Shahan Keushgerian Zaid al-Nafoosi, CMT, CFTe
Head of Research Senior Research Analyst Senior Research Analyst
Tel: (+974) 4476 6534 Tel: (+974) 4476 6509 Tel: (+974) 4476 6535
saugata.sarkar@qnbfs.com.qa shahan.keushgerian@qnbfs.com.qa zaid.alnafoosi@qnbfs.com.qa
QNB Financial Services Co. W.L.L.
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services Co. W.L.L. (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (Q.P.S.C.). QNBFS is
regulated by the Qatar Financial Markets Authority and the Qatar Exchange. Qatar National Bank (Q.P.S.C.) 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
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Page 6 of 6
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg; (
#
Data as on November 29, 2018)
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
45.0
70.0
95.0
120.0
Nov-14 Nov-15 Nov-16 Nov-17 Nov-18
QSE Index S&P Pan Arab S&P GCC
0.9% 1.3%
(0.1%) (0.5%)
0.7%
(2.3%)
(0.6%)
(3.0%)
(2.0%)
(1.0%)
0.0%
1.0%
2.0%
3.0%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi#
Dubai#
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,230.65 0.7 0.7 (5.6) MSCI World Index 2,066.62 1.2 1.2 (1.8)
Silver/Ounce 14.39 1.4 1.4 (15.1) DJ Industrial 25,826.43 1.1 1.1 4.5
Crude Oil (Brent)/Barrel (FM Future) 61.69 5.1 5.1 (7.7) S&P 500 2,790.37 1.1 1.1 4.4
Crude Oil (WTI)/Barrel (FM Future) 52.95 4.0 4.0 (12.4) NASDAQ 100 7,441.51 1.5 1.5 7.8
Natural Gas (Henry Hub)/MMBtu 4.37 (5.2) (5.2) 41.4 STOXX 600 361.18 1.4 1.4 (12.4)
LPG Propane (Arab Gulf)/Ton 71.25 3.4 3.4 (28.0) DAX 11,465.46 2.2 2.2 (16.2)
LPG Butane (Arab Gulf)/Ton 70.75 6.0 6.0 (34.8) FTSE 100 7,062.41 1.1 1.1 (13.5)
Euro 1.14 0.3 0.3 (5.4) CAC 40 5,053.98 1.3 1.3 (10.2)
Yen 113.66 0.1 0.1 0.9 Nikkei 22,574.76 1.0 1.0 (1.8)
GBP 1.27 (0.2) (0.2) (5.8) MSCI EM 1,016.87 2.2 2.2 (12.2)
CHF 1.00 0.1 0.1 (2.3) SHANGHAI SE Composite 2,654.80 3.7 3.7 (24.1)
AUD 0.74 0.7 0.7 (5.8) HANG SENG 27,182.04 2.7 2.7 (9.2)
USD Index 97.04 (0.2) (0.2) 5.3 BSE SENSEX 36,241.00 (1.0) (1.0) (3.6)
RUB 66.51 (0.7) (0.7) 15.4 Bovespa 89,820.09 1.6 1.6 1.7
BRL 0.26 0.7 0.7 (13.8) RTS 1,154.18 2.5 2.5 (0.0)
83.5
79.8
77.4