The QSE Index declined 1.3% to close at 8,870.2. Losses were led by the Telecoms and Real Estate indices, falling 2.0% and 1.9%, respectively.

1. Page 1 of 6
QSE Intra-Day Movement
Qatar Commentary
The QSE Index declined 1.3% to close at 8,870.2. Losses were led by the Telecoms and
Real Estate indices, falling 2.0% and 1.9%, respectively. Top losers were Qatar Oman
Investment Company and Qatari Investors Group, falling 4.3% and 2.7%,
respectively. Among the top gainers, Al Meera Consumer Goods Company gained
1.0%, while Widam Food Company was up 0.8%.
GCC Commentary
Saudi Arabia: The TASI Index fell 1.3% to close at 8,012.6. Losses were led by the
Media and Energy indices, falling 7.8% and 5.3%, respectively. Saudi Enaya
Cooperative Ins. Co. and Mobile Telecom. Co. Saudi Arabia were down 10.0% each.
Dubai: The DFM General Index declined 0.5% to close at 2,948.8. The Real Estate &
Const. index fell 1.0%, while the Invest. & Fin. Services index declined 0.9%.
Arabtec Holding fell 5.1%, while Dubai Islamic Ins. and Reins. Co. was down 4.6%.
Abu Dhabi: The ADX General Index fell 1.3% to close at 4,479.5. The Energy index
declined 2.5%, while the Banks index fell 1.7%. National Bank of Umm Al Qaiwain
declined 9.7%, while National Takaful Company was down 8.7%.
Kuwait: The Kuwait Main Market Index rose 0.8% to close at 4,839.2. The Industrial
index gained 1.2%, while the Financial Services index rose 0.7%. Al Madar Finance
& Investment Co. gained 12.5%, while Yiaco Medical Company was up 10.0%.
Oman: The MSM 30 Index fell 0.4% to close at 4,691.4. Losses were led by the
Financial and Services indices, falling 0.7% and 0.4%, respectively. Oman and
Emirates Inv. Holding fell 4.5%, while Al Jazeera Services was down 3.6%.
Bahrain: The BHB Index fell 0.4% to close at 1,273.2. The Investment index
declined 1.1%, while the Commercial Banks index fell 0.3%. United Gulf Holding
Company declined 9.9%, while Ithmaar Holding was down 5.0%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Al Meera Consumer Goods Co. 139.99 1.0 30.3 (3.4)
Widam Food Company 61.80 0.8 12.9 (1.1)
Gulf Warehousing Company 41.10 0.7 47.5 (6.6)
Qatar General Ins. & Reins. Co. 48.20 0.4 0.3 (1.6)
Doha Bank 26.89 0.3 201.8 (5.6)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Vodafone Qatar 9.13 (1.3) 2,952.0 13.8
Investment Holding Group 5.60 (1.1) 1,413.7 (8.2)
Mesaieed Petrochemical Holding 16.37 (0.2) 1,312.6 30.0
Qatar Gas Transport Company Ltd. 14.95 (0.8) 340.3 (7.1)
Mazaya Qatar Real Estate Dev. 6.67 (1.5) 306.6 (25.9)
Market Indicators 08 May 18 07 May 18 %Chg.
Value Traded (QR mn) 189.6 212.0 (10.6)
Exch. Market Cap. (QR mn) 489,953.7 497,326.4 (1.5)
Volume (mn) 9.1 12.7 (28.0)
Number of Transactions 3,039 3,661 (17.0)
Companies Traded 40 43 (7.0)
Market Breadth 9:29 28:14 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 15,628.24 (1.3) 0.7 9.3 13.2
All Share Index 2,599.42 (1.4) 0.3 6.0 13.6
Banks 3,029.73 (1.5) 0.1 13.0 12.4
Industrials 3,009.31 (1.4) 0.0 14.9 15.8
Transportation 1,794.71 (0.3) 2.6 1.5 11.3
Real Estate 1,692.32 (1.9) 0.2 (11.6) 14.7
Insurance 2,975.55 (0.4) (0.3) (14.5) 24.0
Telecoms 1,015.65 (2.0) 2.6 (7.6) 29.8
Consumer 5,829.22 (0.1) 0.2 17.4 12.6
Al Rayan Islamic Index 3,592.31 (0.9) 0.6 5.0 14.6
GCC Top Gainers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Commercial Bank of Kuwait Kuwait 0.47 6.4 105.4 27.9
Fawaz Abdulaziz Al Hokair Saudi Arabia 29.32 2.4 884.3 (3.6)
Agility Public Warehousing Kuwait 0.88 2.0 1,019.1 9.4
Union National Bank Abu Dhabi 3.67 1.9 715.9 (3.4)
Saudi Arabian Fertilizer Co. Saudi Arabia 63.74 1.2 383.9 (2.1)
GCC Top Losers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Mobile Telecom. Co. Saudi Arabia 7.24 (10.0) 2,036.8 (1.0)
Rabigh Refining & Petro. Saudi Arabia 25.75 (9.9) 11,130.3 56.6
DAMAC Properties Dubai 2.31 (4.5) 1,661.2 (30.0)
Dubai Financial Market Dubai 0.96 (4.4) 4,922.9 (14.7)
Dar Al Arkan Real Estate Saudi Arabia 12.17 (4.2) 34,322.1 (15.5)
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%
Qatar Oman Investment Co. 6.65 (4.3) 10.8 (15.8)
Qatari Investors Group 31.90 (2.7) 40.3 (12.8)
Ezdan Holding Group 9.20 (2.6) 250.4 (23.8)
QNB Group 147.09 (2.5) 114.9 16.7
Ooredoo 71.11 (2.5) 103.6 (21.6)
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Vodafone Qatar 9.13 (1.3) 27,189.1 13.8
Mesaieed Petrochemical Holding 16.37 (0.2) 21,821.0 30.0
Industries Qatar 110.90 (2.0) 19,568.8 14.3
QNB Group 147.09 (2.5) 16,977.6 16.7
Qatar Electricity & Water Co. 196.00 (0.2) 13,016.5 10.1
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* 8,870.16 (1.3) 0.7 (2.7) 4.1 52.38 134,590.3 13.2 1.4 5.0
Dubai 2,948.84 (0.5) 0.0 (3.8) (12.5) 85.41 102,149.7 10.0 1.1 5.9
Abu Dhabi 4,479.49 (1.3) (1.7) (4.1) 1.8 46.47 124,539.8 11.7 1.3 5.4
Saudi Arabia 8,012.59 (1.3) (1.2) (2.4) 10.9 1,172.44 504,552.9 18.0 1.8 3.3
Kuwait 4,839.21 0.8 0.5 0.1 (3.2) 37.72 33,878.0 14.2 0.9 3.8
Oman 4,691.37 (0.4) (0.7) (0.8) (8.0) 6.19 19,666.7 10.9 1.0 5.1
Bahrain 1,273.20 (0.4) 0.8 1.2 (4.4) 4.55 19,864.2 8.3 0.8 6.4
Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Market and Dubai Financial Market (** TTM; * Value traded ($ mn) do not include special trades, if any)
8,850
8,900
8,950
9,000
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 declined 1.3% to close at 8,870.2. The Telecoms and Real
Estate indices led the losses. The index fell on the back of selling
pressure from Qatari and non-Qatari shareholders despite buying
support from GCC shareholders.
 Qatar Oman Investment Company and Qatari Investors Group were the
top losers, falling 4.3% and 2.7%, respectively. Among the top gainers,
Al Meera Consumer Goods Company gained 1.0%, while Widam Food
Company was up 0.8%.
 Volume of shares traded on Tuesday fell by 28.0% to 9.1mn from 12.7mn
on Monday. Further, as compared to the 30-day moving average of
10.7mn, volume for the day was 14.2% lower. Vodafone Qatar and
Investment Holding Group were the most active stocks, contributing
32.3% and 15.5% to the total volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Ratings, Earnings Releases and Global Economic Data
Ratings Updates
Company Agency Market Type* Old Rating New Rating Rating Change Outlook Outlook Change
Mediterranean &
Gulf Insurance &
Reinsurance Co.
S&P
Saudi
Arabia
LT-LIC/FSR/LT-NIC B/B/gcB+ B/B/gcB+ – Stable –
Source: News reports (* LT – Long Term, ST – Short Term, LIC-Local Issuer Credit, NIC – National Issuer Credit, FSR- Financial Strength Rating, FCR – Foreign Currency Rating, LCR – Local Currency Rating, IDR
– Issuer Default Rating, SR – Support Rating, LC – Local Currency)
Earnings Releases
Company Market Currency
Revenue (mn)
1Q2018
% Change
YoY
Operating Profit
(mn) 1Q2018
% Change
YoY
Net Profit
(mn) 1Q2018
% Change
YoY
Tourism Enterprise Co. Saudi Arabia SR – – -1.8 N/A -2.0 N/A
National Medical Care Co. Saudi Arabia SR – – 32.1 90.8% 25.6 64.7%
The Agricultural Development
Company
Saudi Arabia SR – – 11.7 -52.3% -5.0 N/A
Saudi Ground Services Co. Saudi Arabia SR – – 0.1 -28.3% 0.1 -31.2%
National Metal Manufacturing and
Casting Co.
Saudi Arabia SR – – 1.3 -67.1% -0.9 N/A
Takween Advanced Industries Co. Saudi Arabia SR – – -584.0 N/A -836.0 N/A
Saudi Electricity Co. Saudi Arabia SR – – -643.0 N/A -1,214.0 N/A
Anaam International Holding
Group
Saudi Arabia SR – – -5.9 N/A -5.6 N/A
Alandalus Property Co. Saudi Arabia SR – – 28.9 1.4% 20.5 -58.5%
Al Hassan Ghazi Ibrahim Shaker
Co.
Saudi Arabia SR – – -6.9 N/A -20.6 N/A
Arabian Aramco Total Services
Company
Saudi Arabia SR – – 111.7 -80.3% -205.3 N/A
Jarir Marketing Co. Saudi Arabia SR – – 210.0 -1.4% 219.1 -1.0%
Dubai Insurance Co. Dubai AED 181.9 0.3% – – 10.4 -25.3%
Dubai Financial Market Dubai AED 101.6 -33.2% – – 48.9 -52.2%
Bahrain Cinema Company Bahrain BHD – – – – 4.0 161.1%
Source: Company data, DFM, ADX, MSM, TASI, BHB.
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
05/08 Germany German Federal Statistical Office Trade Balance March 25.2bn 22.5bn 18.5bn
05/08 Germany German Federal Statistical Office Current Account Balance March 29.1bn 27.0bn 21.7bn
05/08 China National Bureau of Statistics Trade Balance April $28.78bn $27.75bn -$4.98bn
05/08 China National Bureau of Statistics Exports YoY April 12.9% 8.0% -2.7%
05/08 China National Bureau of Statistics Imports YoY April 21.5% 16.0% 14.4%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 38.52% 38.00% 982,195.68
Qatari Institutions 19.31% 19.89% (1,106,973.63)
Qatari 57.83% 57.89% (124,777.95)
GCC Individuals 0.76% 1.13% (705,837.04)
GCC Institutions 4.67% 1.67% 5,691,659.85
GCC 5.43% 2.80% 4,985,822.81
Non-Qatari Individuals 8.38% 9.22% (1,606,891.07)
Non-Qatari Institutions 28.37% 30.08% (3,254,153.79)
Non-Qatari 36.75% 39.30% (4,861,044.86)

3. Page 3 of 6
News
Qatar
 Vodafone Qatar supports local startups – Vodafone Qatar
supported three local startups in presenting their innovative
ideas to a global audience in the Arch Summit 2018 in
Luxemburg. The startups are all housed in Qatar Science and
Technology’s (QSTP) Incubation Center which is a technology-
focused incubation program aimed at fostering local tech
entrepreneurship in the Qatar. (QSE)
 Qatar Petroleum pushing ahead with expansion despite siege –
Qatar Petroleum will push ahead with its production expansion
and foreign asset acquisition strategy to be on par with oil
majors, despite a regional political and economic embargo on
Qatar, acceding to Qatar Petroleum’s CEO, Saad Al Kaabi. Qatar
Petroleum, which produces 4.8mn barrels of oil equivalent per
day (boed), aims to boost its output to 6.5mn boed in the next
eight years, and is expanding its upstream business abroad,
particularly in the US. Qatar is one of the OPEC’s smallest
producers but is also one of the most influential players in the
global LNG market due to its annual production of 77mn tons.
Al Kaabi said, “We are in Mexico, we are in Brazil, we are
contemplating investing in the US in many areas, in shale gas,
in conventional oil. We are looking at many things. We are
looking very critically at the US because we have a position
there. We have the Golden Pass that we are investing in.”
Furthermore, Al Kaabi said, “It was the best stress test we can
have for our system to show whether we are really up for a
challenge. When the blockade happened we had a business
continuity plan in every company.” The boycott came as a
particular surprise given Al Kaabi had been in talk months
earlier to supply gas to Saudi Arabia and increase supplies to
the UAE. Qatar has continued pumping gas to the UAE under
existing deals despite the boycott. Undeterred by sanctions,
Qatar announced a plan on July 4 to produce 100mn tons of LNG
a year, equivalent to a third of current global supplies, in the
next five to seven years (Gulf-Times.com)
 Al Sada: Landmark deal to cut oil output led to stability –
Committing 24 OPEC and non-OPEC producers to a production
cut of 1.8mn bpd in December 2016 was a landmark agreement,
according to the Minister of Energy and Industry, HE Mohamed
Bin Saleh Al Sada. Al Sada said, “It has made a difference, when
we embarked on the mission to bring an order to the oil market,
we had negative sum game with the world’s GDP growth
languishing at near 3%. Brent oil has climbed from a dismal $28
per barrel in early 2016 to nearly $75 last week. Now, we have a
healthy, nearly balanced market with a win-win situation for
all. The world is experiencing synchronous economic expansion
of 3.8%; great going indeed.” (Gulf-Times.com)
 Almana Group takes part in Project Qatar 2018 – Almana Group
is actively participating in the ongoing Project Qatar 2018,
represented by AIMS (Almana Industrial Manufacturing
Services), a division of Almana Group. AIMS comprise of a
group of companies, which includes Almana Steel Structures, a
subsidiary of Almana Group and several Joint Venture
businesses: Qatar Gratings, Qatar Galvanizing, Doha Gratings
and Metal Works, and Pioneer Metals. Almana Group’s Vice
Chairman, Saud Almana said, “We are pleased and honored to
participate in Project Qatar 2018. Almana Group has been a
leader to provide Construction and Industrial Manufacturing
services to the Qatar market.” (Peninsula Qatar)
 Plans for developing West Bay North Beach invited – The
Public Works Authority (Ashghal) announced that it intends to
develop the West Bay North Beach area in Doha, creating a
major viable, connected, sustainable and attractive waterfront
destination of choice. The project is expected to complement
the existing recreational, leisure and hospitality offering within
the city and the wider Doha Municipality area. Accordingly,
Ashghal is launching a competition to attract Qatar-registered
companies as well as international consultants and architects
to bring fresh ideas to develop the waterfront, the authority
stated. The waterfront’s development will include key
connections through West Bay North from City Center Doha,
existing hotels/residences, Doha Metro and the Corniche. (Gulf-
Times.com)
International
 US job openings hit record high, more workers quitting – US job
openings increased to a record high in March, suggesting that a
recent slowdown in hiring was probably the result of employers
having difficulties finding qualified workers. The monthly Job
Openings and Labor Turnover Survey, or JOLTS, released by the
Labor Department also showed more workers voluntarily quit
their jobs in March; a sign of confidence in the labor market that
economists believe will help to push up wage growth this year.
The job openings rate rose three-tenths of a percentage point to
4.2%, also an all-time high. However, hiring fell to 5.4mn from
5.5mn in February, suggesting a skills mismatch. Job growth
slowed in March and April after increasing by the most in more
than 1-1/2 years in February. (Reuters)
 UK’s consumer economy fails to bounce back much in April –
Britain’s consumer economy failed to rebound last month after
snowy weather kept shoppers at home in March, according to
surveys that add to downbeat data which make a Bank of
England rate hike this week unlikely. In a latest sign of slow
growth in 2018, the British Retail Consortium (BRC) stated that
overall retail spending contracted by 3.1% YoY in April after
2.3% rise in March. On a like-for-like basis favored by retail
analysts because it strips out changes in floor space, retail sales
fell 4.2% YoY in April after 1.4% rise in March, the biggest drop
in 13 years. (Reuters)
 UK’s recruiters report weakest growth in permanent jobs this
year – British permanent job placements increased in April at
the weakest pace this year, adding to mixed signals from the
labor market ahead of this week’s Bank of England interest rate
decision, a survey showed. The Recruitment and Employment
Confederation (REC) also said growth in starting salaries for
permanent staff edged up last month after falling to a ten-
month low in March, although it was still the second-weakest
reading since June 2017. Official data last month showed British
workers’ pay is still rising by less than inflation despite the
lowest unemployment rate since 1975, but wage growth turned
out weaker than expected in the three months to February.
(Reuters)
 UK housing market cools unexpectedly in April – British house
price growth unexpectedly cooled in April, mortgage lender
Halifax stated, adding to signs of weakness in the housing

4. Page 4 of 6
market and the consumer economy more broadly. British house
prices were up 2.2% last month compared with the same period
a year ago, compared with 2.7% in March and undercutting all
forecasts in a Reuters poll of economists that had pointed to a
reading of 3.3%. On the month, prices fell 3.1% after 1.6% rise
in March, again weaker than all forecasts. (Reuters)
 German industrial output rebound in March – A stronger-than-
expected rebound in German industrial output in March and an
increase in exports in the same month helped to ease concern
that growth in Europe’s biggest economy had come to a
standstill at the start of the year. The Federal Statistics Office
stated industrial production rose 1.0% on the month, the
strongest increase since November and above expectations for
0.8% rise. The upswing remains intact, the Economy Ministry
stated. The government expects growth of 2.3% this year, up
from 2.2% in 2017. Seasonally adjusted exports rose 1.7% while
imports fell 0.9%, widening Germany’s trade surplus to
$26.20bn) in March. (Reuters)
 Japan’s real wages rise in positive sign for consumption –
Japanese workers’ inflation-adjusted real wages rose for the
first time in four months in March, government data showed, in
a sign of a gradual increase in salaries that should help
stimulate consumer spending. The data will be encouraging to
the Bank of Japan as it struggles to accelerate inflation to its 2%
target with sluggish wages keeping a lid on consumer spending.
Many market players see the central bank in no rush to unwind
its massive monetary stimulus. Labor ministry data showed
real wages rose 0.8% in March from a year earlier, snapping
back from a revised 0.8% annual decline in the previous month.
(Reuters)
 China’s April exports bounce back more than expected despite
US trade brawl – China’s exports rebounded more strongly than
expected in April after a surprise drop the previous month,
suggesting global demand remains relatively resilient and
providing a cushion to the economy amid a heated trade dispute
with the US. Imports in April also grew more robustly than
anticipated, signaling China’s domestic demand is holding up
well, good news for policymakers looking to soften the blow
from any trade shocks. China’s April exports rose 12.9% from a
year earlier, beating analysts’ forecasts for 6.3% increase and
snapping back from 2.7% drop in March that economists believe
was heavily distorted by seasonal factors. (Reuters)
Regional
 Qatar, Kuwait have lower breakeven oil prices to balance 2018
budgets – Qatar and Kuwait have lower breakeven oil prices
and possess a cushion of around $17.9 per barrel (bbl) and
$16.9/bbl to balance their 2018 fiscal budgets. “Qatar and
Kuwait’s breakeven oil prices are well below the current
prevailing oil prices,” KAMCO stated, estimating average oil
prices of $65 in 2018 year-to-date. As per its analysis of
International Monetary Fund (IMF) data for 2018, the spread
between average oil prices and budgeted breakeven oil prices is
estimated to be largest for Bahrain and Saudi Arabia at around
$48/bbl and $22.9/bbl, respectively. Barring Qatar, the
breakeven oil prices needed by all other GCC countries to
balance their budget have been pushed up since the IMF’s
October 2017 update for 2018. “Nevertheless all breakeven oil
prices were either brought down or kept stable for 2019, which
shows the impact of prior initiatives implemented so far, and
the ongoing focus on fiscal prudence and expenditure
optimization by GCC countries,” Kamco stated. The IMF
reduced its fiscal deficit estimate of the GCC for 2018 to 3.6% of
GDP from their October-2017 estimate (5% of GDP). Further,
the newly released 2019 estimate shows an improvement to
2.2% of GDP. In GDP terms, Kuwait is expected to report the
largest fiscal surplus for 2018 and 2019 at 7.0% and 6.1% of
GDP, respectively, and remains the only GCC country to report a
fiscal surplus in 2018. Qatar is expected to show a fiscal deficit
of 1.4% of GDP this year but will report surplus to the tune of
3.4% of GDP next year. (Gulf-Times.com)
 Asia’s Islamic finance industry growing stronger by the year –
Asia is steadily cementing its substantial role in the global
Islamic finance industry, according to a report by Malaysia
International Islamic Finance Center (MIFC). According to the
research entitled ‘Islamic finance in Asia: Reaching new
heights,’ Asia’s Islamic finance assets, excluding the GCC,
registered annual growth of 8.4% between 2011 and 2016 and
stood at $528.7bn, or 26% of the world’s Shari’ah-compliant
financial assets, at the end of 2017. Furthermore, Asia has
grown to the largest market for Sukuk, after $52.3bn or 52.5%
of all newly issued Sukuk came from Asia in 2017, with most
notable contributors being Hong Kong, Indonesia and Pakistan.
The region also has a global market share of 60.7% of Sukuk
outstanding and is market leader in Islamic funds, with 42.8%
of global Islamic assets under management at the end of last
year, more than any other region. (Gulf-Times.com)
 ALAWWAL’s net profit falls 12.4% QoQ to SR286.1mn in
1Q2018 – Alawwal Bank (ALAWWAL) recorded net profit of
SR286.1mn in 1Q2018, registering decrease of 12.4% QoQ and
11.7% YoY .Total operating income fell 7.0% QoQ and 6.5% YoY
to SR860.1mn in 1Q2017. Total assets stood at SR88.8bn at the
end of March 31, 2018 as compared to SR100.37bn at the end of
March 31, 2017. Loans and advances stood at SR60.76bn (-
13.8% YoY), while customer deposits stood at SR70.5bn (-
12.2% YoY) at the end of March 31, 2018. EPS came in at SR0.25
in 1Q2018 as compared to SR0.28 in 1Q2017. (Tadawul)
 Oil and taxes boost Saudi Arabian budget as employee spending
increases – Oil and VAT proceeds boosted Saudi Arabian
revenues by 15% to SR166.3bn in the first quarter. Oil revenues
rose 2% to SR114bn but expenditures for the period grew 18%
YoY to SR200.6bn, resulting in a deficit of SR34.3bn for the
quarter. Compensation of employees, accounting for over half
of state expenditures, rose 20% YoY to SR112.9bn during the
quarter. Social benefits meanwhile nearly tripled to SR18.8bn
for the period. (GulfBase.com)
 Almarai Company aims to refinance SR1.7bn Sukuk by 3Q2018
– Saudi Arabia’s Almarai Company is aiming to refinance its
SR1.7bn Sukuk by 3Q2018 and hired an international adviser to
complete the process, its Chief Financial Officer, Paul Gay said.
Almarai is still considering both local and international
currency denominations, he said. Its current five-year facility
matures in September and is a local currency issue. Almarai Co.
is considering five, seven and ten years, and plans to keep the
issue roughly the same size, he added. (Gulf-Times.com)
 Fawaz Abdulaziz Alhokair secures $1.9bn Islamic loan – Fawaz
Abdulaziz Alhokair stated that one of its businesses secured a

5. Page 5 of 6
$1.9bn Islamic loan, one of the first such facilities for a firm
owned by an individual detained in Saudi Arabia’s recent anti-
corruption drive. The two-tranche financing for Arabian
Centers Company will be used to refinance existing debt and to
build new malls, Fawaz Abdulaziz Alhokair stated. Fawaz
Alhokair was one of hundreds of business people and officials
detained for several months in a sweeping anti-graft crackdown
by Saudi Arabia in November last year. (Reuters)
 CMA approves the capital increase request for Saudi Arabian
Cooperative Insurance Company – Capital Market Authority
(CMA) issued its resolution approving Saudi Arabian
Cooperative Insurance Company’s request to increase its
capital from SR250mn to SR300mn through issuing one bonus
share for every five existing shares owned by the shareholders
who are registered in the shareholders registry at the Security
Depository Center. (Tadawul)
 Trade between Abu Dhabi and Saudi Arabia reaches AED1.4bn
in January – Trade between Abu Dhabi and Saudi Arabia in
January was valued at AED1.4bn, according to Statistics
Centre-Abu Dhabi (SCAD). The value represents an increase of
3.7% from the same period in 2017, and indicates the growth of
trade between the Emirate and Saudi Arabia. Abu Dhabi’s
imports from Saudi Arabia were valued at around AED950mn in
January 2018, compared to AED888mn recorded in the same
month in 2017. Re-exports increased from AED152mn to
AED230mn, while exports were valued at AED205mn compared
to AED300mn. SCAD pointed out that trade with the Gulf
country represented around 11.3% of the Emirate’s total trade
with other nations, which was valued at AED12.4bn.
(GulfBase.com)
 Abu Dhabi Ports Co. in AED4bn deal with Mediterranean
Shipping Company – Abu Dhabi Ports Co. signed a 30-year
concession agreement with Mediterranean Shipping Company,
a Swiss-based global transportation and logistics firm to
establish a new container terminal at Khalifa Port with a total
investment of AED4bn. Abu Dhabi Ports Company’s CEO,
Mohammad Juma Al Shamisi said, “This agreement comes with
multiple strategic benefits to customers and companies
working shipping and logistics, including faster and more
efficient services, easier access to more markets in the region
and the world.” (GulfBase.com)
 BISB’s net profit rises to BHD2.2mn in 1Q2018 – Bahrain
Islamic Bank (BISB) recorded net profit of BHD2.2mn in 1Q2018
as compared to BHD0.6mn in 1Q2017. Total income came in at
BHD10.2mn as compared to BHD9.8mn in 1Q2017. Total assets
stood at BHD1.21bn at the end of March 31, 2018 as compared
to BHD1.23bn at the end of December 31, 2017. Financing
assets stood at BHD561.23mn, while placements from financial
institutions and customers’ current accounts stood at
BHD113.15mn and BHD144.39mn, respectively at the end of
March 31, 2018. EPS came in at BHD0.00205 in 1Q2018 as
compared to BHD0.00056 in 1Q2017. (Bahrain Bourse)
 Industrial sector’s share in Bahrain GDP to hit 20% – Bahrain
government is hoping to increase the industrial sector’s
contribution to the Kingdom’s GDP to 20% from the current
16% by 2020. The Industry, Commerce and Tourism Minister,
Zayed Al Zayani said, “The Industrial sector is one of the fastest
growing sector in our economy. It is forecast to grow even
further in line with the government’s policy to diversify and
expand economy away from oil.” (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
Mohamed Abo Daff QNB Financial Services Co. W.L.L.
Senior Research Analyst Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6589 PO Box 24025
mohd.abodaff@qnbfs.com.qa 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
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
60.0
80.0
100.0
120.0
140.0
Apr-14 Apr-15 Apr-16 Apr-17 Apr-18
QSE Index S&P Pan Arab S&P GCC
(1.3%) (1.3%)
0.8%
(0.4%) (0.4%)
(1.3%)
(0.5%)
(1.5%)
(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 1,314.54 0.0 (0.1) 0.9 MSCI World Index 2,095.07 (0.1) 0.3 (0.4)
Silver/Ounce 16.48 0.0 (0.3) (2.7) DJ Industrial 24,360.21 0.0 0.4 (1.5)
Crude Oil (Brent)/Barrel (FM Future) 74.85 (1.7) (0.0) 11.9 S&P 500 2,671.92 (0.0) 0.3 (0.1)
Crude Oil (WTI)/Barrel (FM Future) 69.06 (2.4) (0.9) 14.3 NASDAQ 100 7,266.90 0.0 0.8 5.3
Natural Gas (Henry Hub)/MMBtu 2.77 2.2 0.7 (21.7) STOXX 600 390.00 (0.3) 0.1 (1.0)
LPG Propane (Arab Gulf)/Ton 85.25 (2.3) (2.8) (13.9) DAX 12,912.21 (0.7) 0.0 (1.2)
LPG Butane (Arab Gulf)/Ton 83.75 (2.9) (4.6) (22.8) FTSE 100 7,565.75 (0.0) (0.0) (1.4)
Euro 1.19 (0.5) (0.8) (1.2) CAC 40 5,521.93 (0.6) (0.6) 2.7
Yen 109.13 0.0 0.0 (3.2) Nikkei 22,508.69 0.2 0.9 2.1
GBP 1.35 (0.1) 0.1 0.3 MSCI EM 1,142.66 0.3 0.6 (1.4)
CHF 1.00 0.1 (0.2) (2.7) SHANGHAI SE Composite 3,161.50 0.7 2.2 (2.4)
AUD 0.75 (0.8) (1.1) (4.5) HANG SENG 30,402.81 1.4 1.6 1.1
USD Index 93.12 0.4 0.6 1.1 BSE SENSEX 35,216.32 0.2 0.5 (1.6)
RUB 63.21 0.5 1.1 9.7 Bovespa 82,956.05 (0.6) (1.8) 0.4
BRL 0.28 (0.4) (0.9) (7.0) RTS 1,142.13 (1.0) (0.4) (1.1)
82.7
82.1
74.5