The QSE Index rose 0.3% to close at 9,260.0

1. Page 1 of 6
QSE Intra-Day Movement
Qatar Commentary
The QSE Index rose 0.3% to close at 9,260.0. Gains were led by the Banks & Financial
Services and Industrials indices, gaining 0.5% and 0.1%, respectively. Top gainers
were Medicare Group and Mazaya Qatar Real Estate Development, rising 3.0% and
1.3%, respectively. Among the top losers, Mannai Corporation fell 2.0%, while
Alijarah Holding was down 1.6%.
GCC Commentary
Saudi Arabia: The TASI Index fell 0.8% to close at 8,177.6. Losses were led by the
Media and Energy indices, falling 2.9% and 2.8%, respectively. Fawaz Abdulaziz
Alhokair Co. fell 9.2%, while Saudi Real Estate Co. was down 4.8%.
Dubai: The DFM General Index gained 0.7% to close at 2,880.4. The Services index
rose 3.3%, while the Consumer Staples and Discretionary index gained 1.9%.
Khaleeji Commercial Bank rose 10.4%, while Gulf Navigation Holding was up 8.8%.
Abu Dhabi: The ADX index rose 0.2% to close at 4,603.2. The Investment and Fin.
Services index gained 2.1%, while the Energy index rose 0.8%. Sharjah Cement &
Industrial Development Co. gained 8.4%, while Eshraq Properties Co. was up 4.9%.
Kuwait: The Kuwait Main Market Index rose 0.2% to close at 4,919.2. The Basic
Material index gained 2.2%, while the Banks index rose 1.0%. Kuwait Real Estate
Holding Co. gained 9.6%, while Sanam Real Estate Co. was up 7.1%.
Oman: The MSM Index rose marginally to close at 4,523.8. The Services index
gained 0.3%, while the Industrial index rose marginally. Al Suwadi Power rose
2.6%, while Renaissance Services was up 2.2%.
Bahrain: The BHB Index gained 0.6% to close at 1,330.8. The Investment index rose
1.5%, while the Commercial Banks index gained 0.7%. Khaleeji Commercial Bank
rose 8.0%, while GFH Financial Group was up 5.6%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Medicare Group 68.86 3.0 118.1 (1.4)
Mazaya Qatar Real Estate Dev. 7.24 1.3 574.3 (19.6)
Qatar Electricity & Water Co. 189.00 1.1 39.4 6.2
Masraf Al Rayan 35.79 0.8 926.2 (5.2)
United Development Company 14.26 0.8 172.6 (0.8)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Qatar Gas Transport Company Ltd. 15.88 (0.1) 2,015.9 (1.4)
Vodafone Qatar 9.31 (0.3) 1,706.3 16.1
Qatar First Bank 5.70 0.5 1,188.1 (12.7)
Masraf Al Rayan 35.79 0.8 926.2 (5.2)
Mazaya Qatar Real Estate Dev. 7.24 1.3 574.3 (19.6)
Market Indicators 05 July 18 04 July 18 %Chg.
Value Traded (QR mn) 193.4 163.4 18.4
Exch. Market Cap. (QR mn) 504,190.9 503,332.1 0.2
Volume (mn) 9.1 8.9 2.6
Number of Transactions 2,836 2,763 2.6
Companies Traded 41 40 2.5
Market Breadth 14:20 23:14 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 16,315.01 0.3 2.6 14.1 13.8
All Share Index 2,676.94 0.1 2.1 9.2 14.0
Banks 3,208.31 0.5 2.0 19.6 13.1
Industrials 2,991.07 0.1 3.7 14.2 15.7
Transportation 1,947.69 (0.3) 0.3 10.2 12.3
Real Estate 1,628.35 (0.4) 2.4 (15.0) 14.2
Insurance 3,031.35 (0.8) (0.9) (12.9) 25.7
Telecoms 1,040.19 (0.7) 2.5 (5.3) 31.1
Consumer 6,202.29 (0.2) 0.7 25.0 13.4
Al Rayan Islamic Index 3,705.67 0.5 3.7 8.3 15.0
GCC Top Gainers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
GFH Financial Group Dubai 1.43 7.5 41,077.4 (4.7)
Qurain Petrochemical Ind. Kuwait 0.34 2.7 2,342.2 4.0
Boubyan Petrochem. Co. Kuwait 0.90 2.3 1,852.1 33.6
National Bank of Kuwait Kuwait 0.79 2.2 8,632.0 13.9
Dubai Investments Dubai 1.94 2.1 2,551.5 (19.5)
GCC Top Losers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
F. A. Al Hokair Saudi Arabia 20.70 (9.2) 3,008.6 (31.9)
Rabigh Refining & Petro. Saudi Arabia 26.40 (3.6) 1,940.8 60.6
Saudi Kayan Petrochem. Saudi Arabia 15.58 (3.6) 7,781.4 45.9
Emaar Economic City Saudi Arabia 11.44 (3.4) 1,316.8 (15.2)
Dar Al Arkan Real Estate Saudi Arabia 9.98 (3.3) 36,649.3 (30.7)
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%
Mannai Corporation 48.52 (2.0) 2.8 (18.5)
Alijarah Holding 9.54 (1.6) 36.9 (10.9)
Ezdan Holding Group 8.23 (1.4) 516.2 (31.9)
Qatar Insurance Company 34.94 (1.2) 182.8 (22.7)
Islamic Holding Group 28.58 (1.1) 6.3 (23.8)
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Masraf Al Rayan 35.79 0.8 33,005.9 (5.2)
Qatar Gas Transport Co. Ltd. 15.88 (0.1) 32,161.3 (1.4)
QNB Group 155.00 0.6 31,709.5 23.0
Vodafone Qatar 9.31 (0.3) 15,907.6 16.1
Medicare Group 68.86 3.0 8,052.0 (1.4)
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* 9,259.95 0.3 2.6 2.6 8.6 52.99 138,501.2 13.8 1.4 4.7
Dubai 2,880.42 0.7 2.1 2.1 (14.5) 64.25 102,407.5 9.3 1.1 5.9
Abu Dhabi 4,603.20 0.2 0.9 0.9 4.7 11.85 126,823.9 12.3 1.4 5.2
Saudi Arabia 8,177.61 (0.8) (1.6) (1.6) 13.2 868.78 518,541.4 18.5 1.8 3.3
Kuwait 4,919.16 0.2 1.1 1.1 1.9 115.25 34,053.1 15.3 0.9 4.0
Oman 4,523.79 0.0 (1.0) (1.0) (11.3) 4.45 19,051.8 11.3 1.0 5.4
Bahrain 1,330.82 0.6 1.5 1.5 (0.1) 5.19 20,347.4 8.7 0.9 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)
9,180
9,200
9,220
9,240
9,260
9,280
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 0.3% to close at 9,260.0. The Banks & Financial
Services and Industrials 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.
 Medicare Group and Mazaya Qatar Real Estate Development were the
top gainers, rising 3.0% and 1.3%, respectively. Among the top losers,
Mannai Corporation fell 2.0%, while Alijarah Holding was down 1.6%.
 Volume of shares traded on Thursday rose by 2.6% to 9.1mn from 8.9mn
on Wednesday. However, as compared to the 30-day moving average of
11.4mn, volume for the day was 20.3% lower. Qatar Gas Transport
Company Limited and Vodafone Qatar were the most active stocks,
contributing 22.1% and 18.7% to the total volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Ratings, Global Economic Data and Earnings Calendar
Ratings Updates
Company Agency Market Type* Old Rating New Rating Rating Change Outlook Outlook Change
GFH Financial
Group
Fitch Bahrain – – – – Stable –
Bahrain Kuwait
Insurance Co.
A.M. Best Bahrain
LT-Credit Outlook/
Financial Strength
Outlook
– – – Stable –
Source: News reports (* LT – Long Term, ST – Short Term, FSR- Financial Strength Rating, FCR – Foreign Currency Rating, LCR – Local Currency Rating, IDR – Issuer Default Rating, SR – Support Rating)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
07/05 US Department of Labor Initial Jobless Claims 30-June 231k 225k 228k
07/05 US Department of Labor Continuing Claims 23-June 1,739k 1,718k 1,707k
07/05 US Markit Markit US Services PMI June 56.5 56.5 56.5
07/05 US Markit Markit US Composite PMI June 56.2 – 56.0
07/06 US US Census Bureau Trade Balance May -$43.1bn -$43.6bn -$46.1bn
07/05 EU Markit Markit Eurozone Retail PMI June 51.8 – 51.7
07/05 Germany Markit Markit Germany Construction PMI June 53.0 – 53.9
07/05 Germany Markit Markit Germany Retail PMI June 57.1 – 55.5
07/05 France Markit Markit France Retail PMI June 48.1 – 50.7
07/06 France Ministry of the Economy, France Trade Balance May -6,005mn -5,050mn -5,210mn
07/06 France Banque De France Current Account Balance May -2.9bn – -1.3bn
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
Earnings Calendar
Tickers Company Name Date of reporting 2Q2018 results No. of days remaining Status
QNBK QNB Group 11-Jul-18 3 Due
QGTS Qatar Gas Transport Company Limited (Nakilat) 11-Jul-18 3 Due
QIBK Qatar Islamic Bank 15-Jul-18 7 Due
MARK Masraf Al Rayan 16-Jul-18 8 Due
WDAM Widam Food Company 17-Jul-18 9 Due
ERES Ezdan Holding Group 17-Jul-18 9 Due
QEWS Qatar Electricity & Water Company 18-Jul-18 10 Due
UDCD United Development Company 18-Jul-18 10 Due
CBQK The Commercial Bank 18-Jul-18 10 Due
GWCS Gulf Warehousing Company 19-Jul-18 11 Due
QIIK Qatar International Islamic Bank 19-Jul-18 11 Due
IHGS Islamic Holding Group 19-Jul-18 11 Due
KCBK Al Khalij Commercial Bank 19-Jul-18 11 Due
ABQK Ahli Bank 19-Jul-18 11 Due
DHBK Doha Bank 19-Jul-18 11 Due
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 43.69% 53.47% (18,926,891.73)
Qatari Institutions 14.03% 23.54% (18,392,945.39)
Qatari 57.72% 77.01% (37,319,837.12)
GCC Individuals 1.04% 0.38% 1,274,646.20
GCC Institutions 1.80% 0.32% 2,869,457.86
GCC 2.84% 0.70% 4,144,104.06
Non-Qatari Individuals 9.45% 9.53% (161,067.32)
Non-Qatari Institutions 29.99% 12.76% 33,336,800.38
Non-Qatari 39.44% 22.29% 33,175,733.06

3. Page 3 of 6
QNCD Qatar National Cement Company 23-Jul-18 15 Due
BRES Barwa Real Estate Company 24-Jul-18 16 Due
DBIS Dlala Brokerage & Investment Holding Company 25-Jul-18 17 Due
QIMD Qatar Industrial Manufacturing Company 26-Jul-18 18 Due
NLCS Alijarah Holding 26-Jul-18 18 Due
ORDS Ooredoo 29-Jul-18 21 Due
QISI Qatar Islamic Insurance Company 30-Jul-18 22 Due
DOHI Doha Insurance Group 31-Jul-18 23 Due
AKHI Al Khaleej Takaful Insurance Company 3-Aug-18 26 Due
Source: QSE
News
Qatar
 BRES to disclose its semi-annual financials on July 24 – Barwa
Real Estate Group (BRES) announced that it will disclose its
semi-annual financial reports for the period ending June 30,
2018 on July 24, 2018. (QSE)
 Doha Bank’s CEO: Green economy is an enabler for sustainable
growth – The Public-private partnership (PPP) funding models
can potentially address the challenges posed by climate change
in sectors like housing, communication, infrastructure, health,
agriculture, livelihood, water, and sanitation, Doha Bank’s CEO
R Seetharaman said. Delivering a special address at the just-
concluded 20th World Congress on Environment Management
and Climate Change, organized by Institute of Directors (IOD),
in New Delhi, India, R Seetharaman said “G20 countries which
account for 85% of global GDP and 80% of CO2 emissions
should adopt a combination of pro-growth and pro-environment
policies in developing their overall growth and development
strategies. Infrastructure is at the heart of economic growth
and yet there has been chronic underinvestment in most G20
countries. The major green carbon emitters are China, US, EU
and India. Global Green Bond issuances exceeded $155.5bn in
2017 with US, China and France leading the issuances.”
(Peninsula Qatar)
 Ezdan Holding Group to hold its EGM on July 23 – Ezdan Holding
Group to hold its Extraordinary Meeting (EGM) on July 23, 2018,
in case of lack of quorum a second date will be on August 15,
2018. (Peninsula Qatar)
 Qatar-Pakistan trade jumps 104% to QR5.83bn – The bilateral
trade volume between Qatar and Pakistan witnessed a
remarkable tripled digit-growth in 2017 compared to 2016. The
two-way trade exchange between the two friendly nations
jumped by 104% to about QR5.83bn in 2017 from QR2.84bn in
2016. The bilateral trade volume is set to witness further jump
in the coming years as both the countries are working in close
cooperation to further strengthen and deep economic
cooperation in several promising areas. (Peninsula Qatar)
 MEC: 1,043 new firms registered in June – The Ministry of
Economy and Commerce (MEC) issued the business process
report for June 2018, pointing that 1,043 new companies have
been registered. According to the report, the number of new
major business records reached 791, while the number of new
sub-registries reached 252 records. Limited liability companies
accounted for 64% of the major business registers, while the
category of single owner limited liability companies came in
second place with 25%, and the individual institution came in
third place with 10%. (Peninsula Qatar)
 Deputy Emir launches mega reservoir project in Al Thumama –
Deputy Emir HH Sheikh Abdullah Bin Hamad Al Thani
launched the first phase of water pumping in the strategic mega
reservoir project in Al Thumama. The Deputy Amir took a tour
in the pumping station and received a briefing on the operating
mechanism and the modern techniques used in the project.
(Peninsula Qatar)
 Hamad Port received 803 ships in six months – Showing a
robust half yearly performance, Hamad Port received 803 ships
in the first six months of the current year. It was performance
driven time for the $7.4bn port as it achieved many significant
milestones during the first six months of the year. (Peninsula
Qatar)
International
 US services sector activity picks up; jobless claims rise – US
services sector activity picked up in June amid strong growth in
new orders, but trade tariffs and a shortage of workers were
starting to strain the supply chain, which could slow
momentum in the coming months. While other data showed
private payrolls rising less than expected last month and a
surprise increase in new applications for unemployment
benefits last week, overall labor market conditions continue to
tighten. The labor market is considered to be near or at full
employment, with the jobless rate at an 18-year low of 3.8%.
The unemployment rate has dropped by three-tenths of a
percentage point this year and is near the Federal Reserve’s
forecast of 3.6% by the end of this year. The Institute for
Supply Management (ISM) stated its non-manufacturing
activity index rose 0.5 point to 59.1 last month. A reading above
50 indicates expansion in the sector, which accounts for more
than two-thirds of US economic activity. (Reuters)
 UK’s productivity problem resurfaces in early 2018 – British
productivity contracted at the fastest pace in a year in early
2018, reversing some of the gains made last year and
highlighting a long-standing problem in Britain’s economy,
official data showed. There were also signs of the kind of
inflation pressure that the Bank of England (BoE) is expected to
douse by raising interest rates. Productivity in Britain has
stagnated since the global financial crisis, even more than in
most other advanced economies, and has played a key role in
squeezing Britons’ living standards. Over the past 10 years,
productivity growth was the weakest since modern records
began and appears to be the slowest since the early 1820s,
when Britain was emerging from the Napoleonic wars. From
January through March, output per hour worked fell by 0.4%
QoQ, the biggest decline in a year, following a 0.6% rise in late

4. Page 4 of 6
2017, the Office for National Statistics (ONS) noted. Some of
the weakness might reflect a broad economic slowdown during
snowy and icy weather in early 2018, but analysts said they
saw the same old picture emerging from recent data. (Reuters)
 BoE’s Carney boosts expectations for August rate hike – BoE’s
Governor, Mark Carney boosted expectations of an interest rate
hike next month, saying he had become increasingly confident
that the British economy’s weak start to the year mostly
reflected bad weather. Sterling hit a day’s high against the
Dollar after Carney said inflation pressures had continued to
firm, as the BoE expected, and that there was widespread
evidence that slack in the economy had been largely used up.
Carney also warned of the potential costs of a trade war in a
speech delivered a week before US President Donald Trump is
due to visit Britain. Last month investors were surprised when
three out of nine BoE rate-setters, more than expected, voted
for an immediate rise in rates, increasing the chances of a hike
in August. (Reuters)
 France’s trade deficit widened in May, with the figures worse
than forecast – France’s trade deficit widened in May compared
to the previous month, according to seasonally adjusted data
published by the customs office, with the figures coming in
worse-than-forecast. The May trade deficit stood at 6.01bn
Euros, versus a revised figure of a 5.21bn Euros deficit in April.
A Reuters poll of nine analysts had given an average forecast
for a May deficit of 5.1bn Euros. The French economy has
started to show signs of a slowdown after initially recovering in
the wake of President Emmanuel Macron’s election in May
2017, and the customs office said that lower exports in the
aerospace and automobile sectors had impacted the overall
deficit figure. (Reuters)
 Japan unveils bullish GDP growth estimates for FY2019 –
Japan’s government forecast the economy will grow faster than
private-sector projections in fiscal 2019, with exports, domestic
private consumption and capital spending expected to offset
the hit from a planned sales tax hike. The Cabinet Office’s
projections, presented at the Council on Economic and Fiscal
Policy - the government’s top economic panel, showed the
economy was likely to grow 1.5% in price-adjusted real terms in
the fiscal year starting in April 2019. It is expected to expand
2.8% in nominal terms. Market economists see the economy
growing just 0.8% in real terms and 1.8% in nominal terms,
reflecting the impact of a planned sales tax increase in October
2019. (Reuters)
 Official think tank: China’s 2H2018 GDP growth seen easing to
around 6.6% – China’s broad economic growth was expected to
ease to around 6.6% in the second half of this year, the State
Information Center stated. The official China Securities Journal
quoted the State Information Center (SIC) saying the Chinese
economy is likely to experience a mild slowdown in the second
half of the year as financial market risks become “obvious” and
demand is expected to decline. The SIC is an official think tank
affiliated with the National Development and Reform
Commission, the country’s top economic planning agency. The
economy has already felt the pinch from a crackdown on riskier
lending that has driven up corporate borrowing costs. The
central bank has since pumped more cash into the economy to
ease fears from the start of a trade war with the US by cutting
reserve requirements for banks. (Reuters)
Regional
 Middle East’s air passenger demand growth slips in May –
Middle East carriers’ demand growth slowed to 0.8% in May,
compared to a year ago, from 2.9% annual growth recorded in
April. The earlier timing of the holy month of Ramadan this
year may have affected the result, but broadly, the upward
trend in traffic slowed compared to last year. May capacity
increased 3.7%, and load factor fell 1.9 percentage points to
67.5%. The International Air Transport Association’s (IATA)
global passenger traffic results for May showed that demand
rose 6.1% compared to the same month in 2017, which was a
slight pickup from 6.0% YoY growth for April 2018. Capacity
climbed 5.9% and load factor rose 0.1 percentage point to
80.1%. (Peninsula Qatar)
 Saudi Arabia’s total reserve assets fell to SR1,892.2bn in May –
Saudi Arabian Monetary Authority reported that total reserve
assets fell to SR1,892.2bn in May from SR1,899.6bn in April.
Investment in foreign securities fell to SR1,203.3bn from
SR1,220.4bn in April. FX and deposits abroad rose to SR651.7bn
in May from SR641.5bn in April. (Bloomberg)
 Saudi Arabia’s oil output rose to 10.488mn bpd in June – Saudi
Arabia pumped 10.488mn barrels per day (bpd) of crude oil last
month, an increase of 458,000 bpd from the level it said it
produced in May, sources said. Saudi Arabia’s total supplies to
the market in June were even higher than well-head production,
the sources said, suggesting the Kingdom sold crude from
storage. The sources said Saudi Arabia supplied 10.579mn bpd
in June, a figure that includes domestic consumption and all
exports, including from storage tanks. (Reuters)
 Payrolls in Saudi Arabia and the UAE could rise over the long-
term – Salaries for highly skilled workers could boom as talent
shortages take hold across EMEA (Europe, the Middle East and
Africa), according to a study. Left unchecked, the salary rise
could add more than $2.5tn to annual payrolls by 2030 in 20
leading economic markets analyzed, $593bn in the EMEA
region alone. This potential salary rise is the direct result of a
shortage of estimated 85mn highly skilled workers required for
companies to succeed in the new digital economy. Salaries for
in-demand workers in Saudi Arabia and the UAE and could add
as much as $33.6bn and $5.9bn to the total national payroll by
2030, marking wage growth of 9% and over 17% respectively.
(GulfBase.com)
 Credit and deposit growth picks up pace in the UAE – Aggregate
monetary data for the first five months of the year from Central
Bank of the UAE showed a pick in both credit and deposit
growth across the banking system. According to an analysis of
the central bank data by Abu Dhabi Commercial Bank’s
Economics team, system-wide loans and deposits in the
banking sector saw solid monthly rise in May, both expanding
by 0.7% MoM. The overall pace of credit growth has been
moderately stronger year to date, averaging 0.5% from 0.3% in
the corresponding period in 2017. The MoM increase in credit in
May resulted in YoY growth rate accelerating to 2.5% from
2.1% in April. The rise in gross credit was largely driven by
private sector corporate loans, which expanded by 1.6% MoM
(up AED12.3bn) in May. (GulfBase.com)

5. Page 5 of 6
 UAE-China trade increases 15% to top $53bn in 2017 – The
value of trade exchange between the UAE and China in 2017
grew to $53.3bn, compared to $46.3bn in 2016, an increase of
15.1%. This increase is the result of the rise in re-exports by
37.4%, valued at $3.5bn, as well as growth in imports by 14.7%,
valued at $48.3bn. The UAE’s foreign trade with China in 2017
varied between direct trade, which was valued at $25.685bn or
48% of the country’s total foreign trade, and free zones, which
was valued at $27.644bn or 52%. (GulfBase.com)
 DIB to leverage balance sheet amid rising rates – Commercial
lending should drive Dubai Islamic Bank’s (DIB) double-digit
growth this year, underpinned by higher risk appetite fed by
strong capital base, economic growth and improved liquidity.
Since loan books take longer to re-price vs. deposits, the bank
may use its ample lending capacity to capture more business at
higher rates, which is favorable to net interest margin.
(Bloomberg)
 Waha Capital plans to hire for new fund targeting US, Europe –
Abu Dhabi investment firm Waha Capital is planning to hire
more people as it seeks to start new funds, one of which will
target undervalued US and European equities. Waha Capital’s
CEO, Michael Raynes said, “Our strategy is to increase fee
income by raising third-party assets under management. The
focus is to take opportunities to investors, in this region and in
Europe, the United States and Asia.” The company, which has
AED2.4bn in assets under management, is reorganizing its
fund-marketing division to support its investment drive, which
may also include a fund that caters to regional demand for
Shari’ah-compliant investments. (GulfBase.com)

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
financial advice. QNBFS accepts no liability whatsoever for any direct or indirect losses arising from use of this report. Any investment decision should depend on the individual circumstances of
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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. 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.
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Page 6 of 6
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
40.0
60.0
80.0
100.0
120.0
Jun-14 Jun-15 Jun-16 Jun-17 Jun-18
QSE Index S&P Pan Arab S&P GCC
(0.8%)
0.3%
0.2%
0.6%
0.0%
0.2%
0.7%
(1.0%)
(0.5%)
0.0%
0.5%
1.0%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,255.20 (0.2) 0.2 (3.7) MSCI World Index 2,113.74 0.8 1.2 0.5
Silver/Ounce 16.04 (0.1) (0.5) (5.3) DJ Industrial 24,456.48 0.4 0.8 (1.1)
Crude Oil (Brent)/Barrel (FM Future) 77.11 (0.4) (2.9) 15.3 S&P 500 2,759.82 0.8 1.5 3.2
Crude Oil (WTI)/Barrel (FM Future) 73.80 1.2 (0.5) 22.1 NASDAQ 100 7,688.39 1.3 2.4 11.4
Natural Gas (Henry Hub)/MMBtu 2.91 1.7 (2.0) (17.8) STOXX 600 382.36 0.6 1.2 (4.0)
LPG Propane (Arab Gulf)/Ton 95.75 (0.5) 1.9 (3.3) DAX 12,496.17 0.7 2.1 (5.5)
LPG Butane (Arab Gulf)/Ton 105.00 1.2 2.2 (3.2) FTSE 100 7,617.70 0.5 0.3 (2.8)
Euro 1.17 0.5 0.5 (2.2) CAC 40 5,375.77 0.6 1.6 (1.1)
Yen 110.47 (0.2) (0.3) (2.0) Nikkei 21,788.14 1.3 (2.0) (2.5)
GBP 1.33 0.5 0.6 (1.7) MSCI EM 1,059.97 0.5 (0.9) (8.5)
CHF 1.01 0.4 0.1 (1.5) SHANGHAI SE Composite 2,747.23 0.5 (3.8) (18.6)
AUD 0.74 0.6 0.3 (4.9) HANG SENG 28,315.62 0.5 (2.2) (5.8)
USD Index 93.96 (0.5) (0.5) 2.0 BSE SENSEX 35,657.86 0.3 0.2 (2.8)
RUB 62.97 (0.3) 0.4 9.3 Bovespa 75,010.39 1.1 2.1 (16.8)
BRL 0.26 1.7 0.4 (14.2) RTS 1,173.47 0.2 1.7 1.6
81.7
79.8
67.6