The QSE Index declined 0.3% to close at 10,163.4.

1. Page 1 of 9
QSE Intra-Day Movement
Qatar Commentary
The QSE Index declined 0.3% to close at 10,163.4. Losses were led by the Real Estate
and Transportation indices, falling 1.4% and 1.1%, respectively. Top losers were
Salam International Investment Limited and Gulf International Services, falling 7.2%
and 3.8%, respectively. Among the top gainers, Widam Food Company gained 3.7%,
while Qatar Islamic Insurance Group was up 3.6%.
GCC Commentary
Saudi Arabia: The TASI Index fell 0.2% to close at 7,833.0. Losses were led by the
Food & Staples Ret. and Telecom. Serv. indices, falling 1.8% and 1.0%, respectively.
Saudi Industrial Export Co. declined 7.8%, while Alahli Takaful Co. was down 3.5%.
Dubai: The DFM General Index gained 1.1% to close at 2,743.5. The Real Estate &
Const. index rose 1.6%, while the Transportation index gained 1.3%. Khaleeji
Commercial Bank rose 6.4%, while Emaar Properties was up 2.9%.
Abu Dhabi: The ADX General index fell 0.3% to close at 4,855.9. The Industrial
index declined 4.5%, while the Investment & Financial Serv. index fell 0.5%. Reem
Investments and RAK Co. for White Cement. were down 10.0% each.
Kuwait: The Kuwait Main Market Index rose marginally to close at 4,699.1. The
Telecommunications index gained 0.8%, while Insurance index rose 0.3%. Al-Mal
Investment Company gained 11.6%, while Manazel Holding was up 9.6%.
Oman: The MSM 30 Index fell 0.2% to close at 4,420.7. The Services index declined
0.5%, while the Financial index fell marginally. Al Batinah Power fell 4.2%, while
Al Anwar Holding was down 1.9%.
Bahrain: The BHB Index fell 0.2% to close at 1,312.9. The Industrial index declined
1.7%, while the Commercial Banks index fell 0.1%. Zain Bahrain declined 2.4%,
while Aluminium Bahrain was down 1.7%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Widam Food Company 70.10 3.7 55.5 12.2
Qatar Islamic Insurance Group 54.40 3.6 1.6 (1.0)
Qatar International Islamic Bank 62.40 3.1 548.4 14.3
Qatar Islamic Bank 149.50 2.5 134.7 54.1
Mazaya Qatar Real Estate Dev. 7.51 1.5 324.5 (16.6)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Qatar First Bank 4.34 (0.5) 1,269.4 (33.5)
Qatar International Islamic Bank 62.40 3.1 548.4 14.3
Vodafone Qatar 8.25 (0.6) 487.7 2.9
Masraf Al Rayan 37.84 (0.2) 480.3 0.2
Ezdan Holding Group 10.50 (2.3) 427.8 (13.1)
Market Indicators 30 Oct 18 29 Oct 18 %Chg.
Value Traded (QR mn) 224.9 231.5 (2.9)
Exch. Market Cap. (QR mn) 567,631.5 572,725.4 (0.9)
Volume (mn) 6.6 4.7 42.1
Number of Transactions 3,871 2,803 38.1
Companies Traded 41 42 (2.4)
Market Breadth 12:24 20:20 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 17,906.80 (0.3) 0.1 25.3 15.1
All Share Index 2,985.88 (0.7) (0.3) 21.7 15.1
Banks 3,670.42 (0.7) 0.2 36.8 13.8
Industrials 3,345.27 (0.8) (0.8) 27.7 15.9
Transportation 2,134.00 (1.1) (1.3) 20.7 12.5
Real Estate 1,877.61 (1.4) (1.1) (2.0) 17.0
Insurance 3,056.94 (0.6) (0.4) (12.1) 18.2
Telecoms 936.68 (0.2) (1.2) (14.8) 38.0
Consumer 6,983.09 0.2 0.4 40.7 13.8
Al Rayan Islamic Index 3,877.30 (0.0) 0.3 13.3 15.2
GCC Top Gainers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Southern Province Cement Saudi Arabia 32.90 3.9 214.0 (32.0)
Saudi Cement Co. Saudi Arabia 38.30 3.5 237.3 (19.2)
Abu Dhabi Commer. Bank Abu Dhabi 7.97 3.5 3,456.0 17.2
Emaar Properties Dubai 4.90 2.9 7,918.1 (25.1)
VIVA Kuwait Telecom Co. Kuwait 0.74 2.8 187.6 (7.4)
GCC Top Losers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Nat. Industrialization Co Saudi Arabia 17.20 (3.2) 5,065.1 4.9
DP World Dubai 18.34 (2.7) 223.7 (26.6)
QNB Group Qatar 185.00 (2.6) 210.0 46.8
Arab National Bank Saudi Arabia 32.45 (2.4) 317.9 31.4
Advanced Petrochem. Co. Saudi Arabia 48.80 (2.2) 192.7 6.3
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%
Salam International Inv. Ltd. 4.62 (7.2) 81.0 (32.9)
Gulf International Services 18.33 (3.8) 290.7 3.6
Dlala Brokerage & Inv. Holding 10.10 (3.4) 41.0 (31.3)
Qatar Cinema & Film Distribution 16.00 (3.2) 0.6 (36.0)
QNB Group 185.00 (2.6) 210.0 46.8
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
QNB Group 185.00 (2.6) 39,851.5 46.8
Qatar International Islamic Bank 62.40 3.1 33,830.6 14.3
Qatar Islamic Bank 149.50 2.5 20,312.6 54.1
Masraf Al Rayan 37.84 (0.2) 18,199.3 0.2
Industries Qatar 139.50 (0.4) 13,505.6 43.8
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* 10,163.41 (0.3) 0.1 3.6 19.2 61.76 155,928.4 15.1 1.5 4.3
Dubai 2,743.54 1.1 0.3 (3.2) (18.6) 43.12 98,324.9 7.3 1.0 6.4
Abu Dhabi 4,855.94 (0.3) (0.5) (1.6) 10.4 35.44 132,539.8 12.9 1.4 5.0
Saudi Arabia 7,832.98 (0.2) (0.0) (2.1) 8.4 844.40 498,001.5 16.2 1.7 3.6
Kuwait 4,699.10 0.0 0.0 (0.8) (2.7) 42.54 32,146.0 14.5 0.9 4.4
Oman 4,420.67 (0.2) (0.7) (2.7) (13.3) 5.96 19,099.7 10.2 0.8 6.2
Bahrain 1,312.90 (0.2) (0.2) (1.9) (1.4) 10.21 20,317.0 8.9 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)
10,150
10,200
10,250
10,300
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00

2. Page 2 of 9
Qatar Market Commentary
 The QSE Index declined 0.3% to close at 10,163.4. The Real Estate and
Transportation indices led the losses. The index fell on the back of
selling pressure from Qatari shareholders despite buying support from
GCC and non-Qatari shareholders.
 Salam International Investment Limited and Gulf International Services
were the top losers, falling 7.2% and 3.8%, respectively. Among the top
gainers, Widam Food Company gained 3.7%, while Qatar Islamic
Insurance Group was up 3.6%.
 Volume of shares traded on Tuesday rose by 42.1% to 6.6mn from 4.7mn
on Monday. Further, as compared to the 30-day moving average of 6mn,
volume for the day was 10.9% higher. Qatar First Bank and Qatar
International Islamic Bank were the most active stocks, contributing
19.1% and 8.3% to the total volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Earnings Releases and Global Economic Data
Earnings Releases
Company Market Currency
Revenue (mn)
3Q2018
% Change
YoY
Operating Profit
(mn) 3Q2018
% Change
YoY
Net Profit
(mn) 3Q2018
% Change
YoY
Lazurde Company for Jewelry Saudi Arabia SR 481.1 20.3% 15.8 47.0% 3.7 637.5%
Saudi Cement Co. Saudi Arabia SR 239.6 -4.2% 80.6 -14.0% 75.4 -13.7%
Bawan Co. Saudi Arabia SR 443.8 -12.5% 5.0 -82.8% -4.1 N/A
Eastern Province Cement Co. Saudi Arabia SR 122.0 0.0% 7.0 -61.1% 9.0 -35.7%
Arabian Scandinavian Insurance Dubai AED – – – – 12.5 109.8%
Source: Company data, DFM, ADX, MSM, TASI, BHB.
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
10/30 EU European Commission Economic Confidence October 109.8 110.0 110.9
10/30 EU European Commission Business Climate Indicator October 1.01 1.16 1.21
10/30 EU European Commission Industrial Confidence October 3.0 3.9 4.7
10/30 EU European Commission Services Confidence October 13.6 14.0 14.7
10/30 EU Eurostat GDP SA QoQ 3Q2018 0.2% 0.4% 0.4%
10/30 EU Eurostat GDP SA YoY 3Q2018 1.7% 1.8% 2.2%
10/30 EU European Commission Consumer Confidence October -2.7 -2.7 -2.7
10/30 Germany German Federal Statistical Office CPI MoM October 0.2% 0.1% 0.4%
10/30 Germany German Federal Statistical Office CPI YoY October 2.5% 2.4% 2.3%
10/30 France INSEE National Statistics Office GDP QoQ 3Q2018 0.4% 0.5% 0.2%
10/30 France INSEE National Statistics Office GDP YoY 3Q2018 1.5% 1.5% 1.7%
10/30 France INSEE National Statistics Office Consumer Spending MoM September -1.7% -0.4% 0.8%
10/30 France INSEE National Statistics Office Consumer Spending YoY September -1.5% 0.6% 1.3%
10/30 Japan Ministry of Internal Affairs Jobless Rate September 2.3% 2.4% 2.4%
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 21.81% 49.00% (61,155,351.59)
Qatari Institutions 20.97% 14.96% 13,504,571.73
Qatari 42.78% 63.96% (47,650,779.86)
GCC Individuals 1.65% 0.89% 1,716,753.78
GCC Institutions 2.79% 2.27% 1,159,848.19
GCC 4.44% 3.16% 2,876,601.97
Non-Qatari Individuals 9.78% 8.82% 2,153,196.00
Non-Qatari Institutions 43.00% 24.05% 42,620,981.89
Non-Qatari 52.78% 32.87% 44,774,177.89

3. Page 3 of 9
News
Qatar
 Qatari Amir issues law allowing foreign ownership of property –
Qatari Emir Sheikh Tamim bin Hamad Al Thani issues law in
which foreigners can own and benefit from property in areas
the Cabinet will specify, QNA reported. Qatar pledges $3bn to
spur interest in New Free Zones. (Bloomberg)
 QNNS' bottom line rises 7.3% YoY and surges QoQ in 3Q2018,
in-line with our estimate – Qatar Navigation's (QNNS) net
profit rose 7.3% YoY (+174.0% QoQ) to QR102.4mn in 3Q2018,
in line with our estimate of QR104.1mn (variation of -1.7%).
The QoQ surge was due to less impairments on vessels as
QNNS’ EBIT was flat at QR55.6mn. The company's operating
revenue came in at QR556.6mn in 3Q2018, which represents an
increase of 9.1% YoY (flat QoQ). QNNS, which also goes by the
name Milaha, reported 10.1% YoY increase in net profit to
QR399.5mn in 9M2018. The company’s operating revenue stood
at QR1.8bn in 9M2018, up 9.3% YoY. Milaha Maritime &
Logistics’ operating revenue increased by QR21mn, while net
profit declined by QR55mn, mainly due to QR43mn in vessel
impairments taken in its container shipping unit in the third
quarter. Milaha Gas & Petrochem’s operating revenue remained
flat compared with the same period last year, while net profit
declined by QR135mn mainly due to vessel impairments
recorded during the first half of 2018. Milaha Offshore’s
operating revenue increased by QR32mn mainly due to increase
in vessel utilization, while the bottom line increased by
QR67mn due to a decline in impairment charges in 2018 versus
the same period last year. Milaha Capital’s net profit increased
by QR168mn on the back of higher dividend income and higher
financial portfolio trading returns. The company stated it will
conduct an investor conference call on November 5 to further
discuss its results. (QNBFS Research, QSE, Gulf-Times.com)
 MCCS' net profit declines 50.7% YoY and 28.7% QoQ in 3Q2018
– Mannai Corporation's (MCCS) net profit declined 50.7% YoY (-
28.7% QoQ) to QR54.4mn in 3Q2018. The company's revenue
came in at QR2,514.8mn in 3Q2018, which represents an
increase of 18.5% YoY. However, on QoQ basis, revenue fell
5.8%. MCCS reported net profit of QR221.4mn (-20.0% YoY) on
revenue of QR7.7bn (+73.1% YoY) in 9M2018. The company’s
earnings before interest, tax, depreciation and amortization
(EBITDA) for the nine month period ended September 30, 2018
rose 32.6% YoY to QR670.6mn. Profit before finance costs
increased by 12% in the nine-month period, the net profit
attributable to shareholders declined by 20.0% YoY, mainly due
to increase in finance costs relating to acquisition funding and
higher interest rates. In continuation of the group’s strategy of
diversifying its earnings, the group is in the process of acquiring
the remaining 3.4% stake in GFI before the end of the year.
(QSE, Gulf-Times.com)
 ZHCD posts 0.2% YoY increase but 50.4% QoQ decline in net
profit in 3Q2018 – Zad Holding Company's (ZHCD) net profit
rose 0.2% YoY (but declined 50.4% on QoQ basis) to QR32.2mn
in 3Q2018. The company's operating revenue came in at
QR314.8mn in 3Q2018, which represents an increase of 17.6%
YoY (+19.7% QoQ). In 9M2018, ZHCD’s net profit increased
marginally to QR147.0mn as compared to QR146.9mn in
9M2017. Operating revenue rose 9.6% YoY to QR869.7mn in
9M2018. EPS remained flat YoY at QR6.20 in 9M2018. (QSE,
Gulf-Times.com)
 The Commercial Bank to finance 65% of Qamco subscription for
Qatari customers – The Commercial Bank has announced that it
will finance subscriptions to the Initial Public Offering (IPO) of
273,425,880 shares in Qatar Aluminium Manufacturing
Company (Qamco). The IPO, representing 49% of Qamco’s
issued share capital, remains open between October 30 and
November 12 at an offer price of QR10.1 per share (QR10
nominal value plus QR0.1 offering and listing costs). The
Commercial Bank is offering tailored financing of up to 65% of
the total value of the Qamco shares, which customers wish to
purchase to help them take full advantage of this opportunity.
This financing is being offered at zero percent interest until the
allocation of surplus shares of the IPO is complete. The
minimum number of shares that may be applied for is 50 shares.
Larger numbers of shares may be applied for in multiples of 50
up to a maximum of 11,160,200 shares. (Gulf-Times.com)
 Doha Bank records ‘significant’ interest in QR2.73bn Qamco
IPO subscriptions – Doha Bank has already recorded
‘significant’ interest from eligible Qataris in the QR2.73bn
Initial Public Offering (IPO) of Qatar Aluminium Manufacturing
Company (Qamco). “The bank expects more subscribers to
come in through the doors before the end of the subscription
period,” Doha Bank’s CEO, R Seetharaman said. Doha Bank is
offering up to 65% finance to all Qataris and eligible Qatari
members of the family subscribing to shares in the Qamco IPO.
“We have provided dedicated staff and resources in
anticipation of continuing demand across Doha Bank’s
domestic network, supporting both the subscription application
process and staff to advice on financial solutions,” he said. The
IPO subscribers can seek up to 65% finance for the subscription
amount from Doha Bank until November 11, 2018, and is
subject to the bank’s terms and conditions. The IPO is only open
within Qatar to Qatari nationals and selected Qatari
institutions. In addition, adult family members and legal
guardians can apply to subscribe for shares on behalf of their
children and minors. Doha Bank is one of the receiving banks
for the IPO and will receive subscriptions from both existing
customers and non-customers at all of its branches in Qatar.
(Gulf-Times.com)
 QFZA approves second package of free zone regulations – The
Qatar Free Zones Authority’s (QFZA) Board of Directors have
approved the second package of the free zone regulations and
reviewed progress made so far on the zones infrastructure
projects, investment attracting activities and internal
processes. The meeting was chaired by HE the Minister of State
and Chairman of the Board, Ahmed bin Mohamed Al-Sayed.
The regulations approved by the Board of Directors included
regulations related to land rents, building permits and planning
regulations, and licensing fees and asset leases. The approved
regulations will make it easier for local and foreign investors to
identify their business activities and submit their applications,
according to the Qatar Free Zones Authority. QFZA has invited
local and foreign investors interested in investing in Qatar Free
Zones to consult the regulations on the authority's website
(www.fza.gov.qa), or contact the Business Development and

4. Page 4 of 9
Investors Affairs Department of the Authority at
investors@fza.gov.qa. At its previous meeting in July this year,
QFZA’s Board of Directors had approved the first package of
licensing regulations and registration system of companies in
free zones in the country. Also, during the International
Products Exhibition and Conference 2018 (IPEC), QFZA
announced that it will publish all details and laws relating to
free zones before the end of November 2018. (Gulf-Times.com)
 Amir issues law establishing workers' support and insurance
fund – HH the Amir Sheikh Tamim bin Hamad Al-Thani has
issued Law No 17 of 2018 establishing the Workers' Support
and Insurance Fund. The Amir also issued Law No 16 of 2018
regulating the non-Qatari ownership and use of properties, the
official QNA reported. According to the provisions of Law No 17
of 2018, a fund under the name ‘Workers’ ‘Support and
Insurance Fund’ shall be established with a legal entity. The
fund aims to support, ensure and provide care for workers,
guarantee their rights and provide a healthy and safe working
environment for them. The purpose of the new fund is to pay
the workers ‘benefits, which are settled by the labor dispute
settlement committees, in order to avoid actions that may take
time and affect workers’ ability to fulfill their obligations
towards their families or third parties. The fund ensures the
rapid payment of financial benefits at the end of the service and
the facilitation of the worker's return to his country. The fund
benefits both the private sector and domestic workers. The fund
will refer to the employer by legal means to recover the
amounts owed to him and disburse to the employee. The fund
also supports, and sponsors workers by providing a safe and
healthy work environment and housing by contributing to the
provision of decent housing for workers, and establishment of
playgrounds, entertainment venues and social activities. (Gulf-
Times.com)
 Qatari insurers making good progress in implementing new
IFRS standards – Insurance firms in Qatar are making good
progress in preparing to implement changes that will ensure
compliance with the new reporting standards such as IFRS 17
and IFRS 9, according to KPMG in Qatar. KPMG in Qatar’s
partner and insurance Lead, Yacoub Hobeika said, “Globally, it
is clear that insurance firms are making good progress in
preparing to implement changes that will ensure compliance
with the new reporting standards. In Qatar and the wider
region, insurers are currently exploring the impacts of the
changes they will have to make and how best to do this.
Although implementation can be complex and costly, the
benefits will be significant, enabling insurers to take a fresh
look at their strategies and financial and actuarial processes.”
IFRS 17 is the new Insurance Standard focusing on insurance
liability reporting while IFRS 9 is the Financial Instruments
Standard, which impacts the valuation of insurers’ assets for
accounting purposes. Large insurers have stepped up their
preparations for IFRS 17 and IFRS 9, but smaller insurers have
fallen further behind in preparing, according to a new report, ‘In
it to win it’ by KPMG International. Sixty-seven percent of large
insurers (with premiums over $10bn) surveyed are in the design
or implementation phase for IFRS 17, with almost as many,
64%, in a similar place with respect to IFRS 9. (Gulf-Times.com)
 HIA completes first phase of ‘Smart Airport’ initiative – Hamad
International Airport (HIA) has successfully completed the first
major phase of its ‘Smart Airport’ program, which will enable
home carrier Qatar Airways to process more than 25% of its
passengers using self-service check-in and bag-drop facilities.
In partnership with SITA and CCM, HIA has successfully
commissioned 62 next-generation self-service check-in kiosks
and 12 self-service bag drops including future biometric
technology capability. (Gulf-Times.com)
 Deals worth QR333.8mn signed on first two days of the ongoing
Milipol Qatar 2018 exhibition – A number of contracts worth
QR333.8mn were signed on the first two days of the ongoing
Milipol Qatar 2018 exhibition at the Doha Exhibition and
Convention Center (DECC), QNA reported. Milipol Qatar’s
President, Major General Nasser bin Fahad Al-Thani said that
an agreement for intense cooperation was signed between GIE
Milipol’s Chairman Yann Jounot and Comexposium Center’s
President, Renaud Hamaide. “The agreement for partnership
between Milipol Qatar and Milipol Paris is until 2026,” Major
General Nasser Al-Thani said. (Gulf-Times.com)
 Qatar’s population growth stabilizing, says minister – Qatar’s
population growth rates are gradually stabilizing, HE the
Minister of Development Planning and Statistics, Saleh
Mohamed Salem Al-Nabit, Chairman of Permanent Population
Committee (PPC) said. Speaking at Qatar Population Day
organized by the PPC, the minister said that the improvement
of the workforce structure in terms of skills and balance
between nationalities and an increase in economic activity will
lead to a more balanced demographic composition and a more
sustainable growth rate. The minister highlighted that the
event comes after a year since the launch of the Qatar Second
Population Policy 2017-2022, which saw many achievements in
terms of manpower and paying attention to foreign labor. (Gulf-
Times.com)
International
 US consumer confidence at 18-year high; house price gains
slow – US consumer confidence rose to an 18-year high in
October, driven largely by a robust labor market, bolstering
expectations that strong economic growth would continue
through early 2019. However, a weakening housing market and
tightening financial market conditions are casting a shadow on
the economic expansion that is in its ninth year, the second
longest on record. Home price gains slowed further in August,
other data showed, another sign that higher mortgage rates
were weighing on housing demand. The Conference Board
stated its consumer confidence index reading rose to 137.9 this
month, the highest since September 2000, from a downwardly
revised 135.3 in September. Economists polled by Reuters had
forecasted the consumer index slipping to 136.0 from the
previously reported 138.4 in September. Consumers’
assessment of current business and labor market conditions
improved, despite a sharp stock market sell-off and jump in US
Treasury yields, which have tightened financial market
conditions. The stock market’s S&P 500 index has dropped more
than 8% this month. The Conference Board survey puts more
emphasis on the labor market. The survey’s so-called labor
market differential, derived from data about respondents
saying jobs are scarce or plentiful, was the most favorable since

5. Page 5 of 9
January 2001. This measure closely correlates to the
unemployment rate in the Labor Department’s employment
report. Economists said it raised the possibility that the
unemployment rate could drop further from a near 49-year low
of 3.7%. The government will publish its October employment
report on November 02. Consumer confidence at multi-year
highs bodes well for spending in the upcoming holiday season.
More consumers planned to buy automobiles and houses over
the next six months, but the share of those intending to
purchase major appliances slipped. (Reuters)
 CBI: UK’s retail sales growth slows sharply in October – British
retail sales growth slowed more than expected this month as
consumers retrenched after a summer shopping spree driven by
warm weather and the soccer World Cup, an industry survey
showed. The Confederation of British Industry’s (CBI) monthly
retail sales gauge fell to +5 in October from September’s +23, its
weakest level since April. A Reuters poll of economists had
pointed to a much smaller decline to +20. (Reuters)
 Mood sours as Eurozone economic growth slows, while Italy
stagnates – The Eurozone economy grew less than expected in
the third quarter as the public mood turned darker, with signs of
distress in Italy highlighting concerns that the bloc’s third-
ranked state is becoming one of its weakest links. Data from
October 30, suggesting the slowdown has further to run, will
make uncomfortable reading for the European Central Bank
(ECB) as it moves toward ending in December the program of
asset purchases it introduced in 2015 to boost inflation and
economic growth. Economists said the quarterly growth dip to
0.2% from 0.4% in the second quarter was unlikely to change
those plans, though it might push back the date of the ECB’s
first post-stimulus hike in interest rates. Economists polled by
Reuters had expected a 0.4% rise in the 19 countries sharing the
Euro. The 0.2% reported was the lowest growth pace in more
than four years. Eurostat does not provide national data in its
flash estimates, but figures from Italy’s statistics agency ISTAT
showed growth there stagnated in the third quarter, as the
government pursues a war of words with Brussels over a 2019
budget draft that breaks EU rules. (Reuters)
 Germany’s jobless total falls, employment hits record high –
Germany’s jobless total fell in October and employment hit a
record high in September, data showed on October 30,
underlining the strength of a labor market that is supporting a
consumer-led upswing in Europe’s largest economy. The
Federal Labor Office stated the seasonally adjusted jobless total
fell by 11,000 to 2.292mn, slightly below the predicted drop of
12,000. The unemployment rate remained unchanged at 5.1%,
the lowest since German reunification in 1990. In a politically
risky push to fill a record number of job vacancies and stabilize
the public pension system, Chancellor Angela Merkel’s coalition
parties earlier this month agreed on a new immigration law to
attract more skilled workers from countries outside the
European Union (EU). In a further positive sign, seasonally
adjusted employment as measured by the International Labor
Organization climbed by 557,000 on the year to a record of
45.0mn in September, separate Federal Statistics Office data
showed. Household spending has become an important growth
driver in Germany as record-high employment, increased job
security, above-inflation pay hikes and low borrowing costs all
help open shoppers’ wallets. (Reuters)
 Japan’s October industrial output falls as trade friction weighs –
Japan’s industrial output fell more than expected in September
as a series of typhoons and earthquakes disrupted production
and a trade war between the US and China weighed on exports,
clouding the country’s economic outlook. The 1.1% decline in
output was more than the median estimate for a 0.3% decline
and follows a 0.2% increase in the previous month. Japan
exports a large volume of electronic parts and equipment to
China, which are used to make goods destined for the US, so
Japan’s economic growth could weaken if the US and China
remain at loggerheads over trade. Output fell in September due
to a 2.5% decline in production of cars and car parts, data from
the trade ministry showed. Production of robots and machines
used to make flat panel displays also fell 1.4%. Inventories of
electronic parts, which are used in smart phones, jumped 9.6%
in September, the fastest increase in six months. Economists
have expressed concern that high inventories of electronic
parts are a sign of weak demand, which could cause
manufacturers of such goods to cut future production.
Manufacturers surveyed by the trade ministry expect output to
rise 6.0% in October, but decline 0.8% in November. (Reuters)
 China’s October official services PMI falls to 53.9 – Growth in
China’s services industry cooled in October, an official survey
showed, in a sign that activity is slowing in a key part of the
world’s second largest economy. The official non-
manufacturing Purchasing Managers’ Index (PMI) fell to 53.9
from 54.9 in September, but still well above the 50-point mark
that separates growth from contraction. The services sector
accounts for more than half of China’s economy, with rising
wages giving Chinese consumers more spending power. The
composite PMI, which covers both manufacturing and services
activity, slipped to 53.1 in October, from September’s 54.1.
(Reuters)
Regional
 ALAWWAL posts 22.6% YoY decrease but 10.8% QoQ rise in
net profit to SR281mn in 3Q2018 – Alawwal Bank (ALAWWAL)
recorded net profit of SR281mn in 3Q2018, registering decrease
of 22.6% YoY. However, on QoQ basis net profit rose 10.8%.
Total operating profit fell 5.7% YoY to SR886.2mn in 3Q2017.
Total revenue for special commissions/investments fell 2.6%
YoY to SR952.6mn in 3Q2017. Total assets stood at SR84.1bn at
the end of September 30, 2018 as compared to SR101.5bn at the
end of September 30, 2017. Loans and advances stood at
SR59.0bn (-14.2% YoY), while customer deposits stood at
SR65.3bn (-19.5% YoY) at the end of September 30, 2018. EPS
came in at SR0.72 in 9M2018 as compared to SR0.88 in 9M2017.
(Tadawul)
 Inflation to ease in Saudi Arabia in 2019 as VAT impact wears
off – Inflation in Saudi Arabia will ease next year, as the effects
of fuel subsidy cuts and VAT implementation wears off.
Inflation in the Kingdom is forecasted to average 2.6% in 2018,
falling to 2.2% in 2019, up from deflation of 0.9% recorded in
2017, Fitch Solutions, a unit of Fitch Ratings, stated in a report.
“In 2019, we expect a more pronounced deceleration in price
growth as the base effects of subsidy cuts and VAT fall off. This
view is also underpinned by our expectation for the Saudi

6. Page 6 of 9
government to shift away from fiscal consolidation next year,
which means that any further subsidy cuts or tax hikes are
unlikely to prove substantial or to have a major impact on
inflation,” Fitch stated. Saudi Arabia, along with its GCC peers,
had to tighten purse strings in the wake of a three-year oil price
slum that saw the crude benchmark fall from its mid-2014 peak
of $115 per barrel to less than $30 per barrel in the first quarter
of 2016. Subsidy reforms and VAT at 5% will continue to put
upward pressure on prices in the near-term, particularly in the
transport and food and beverages segments. Both sectors have
seen price increases at an average of 10.4% and 6.2% YoY,
respectively, in the first nine months of this year, Fitch stated.
(GulfBase.com)
 Ma’aden looking for overseas investments, plans to shift
funding to Sukuk, bonds – Saudi Arabian Mining Co (Ma’aden)
is actively looking for investment opportunities overseas that
would complement and strengthen its business inside the
Kingdom, the company’s CEO said. Ma’aden, which mines gold
and copper and has in recent years expanded into the
production of aluminum and phosphates, is a key to Saudi
Arabia’s plan to diversify its economy away from
hydrocarbons. The government aims to more than triple
mining’s contribution to the nation’s economic output by 2030.
The company, which is 65% owned by the Kingdom’s Public
Investment Fund, is looking for joint ventures and acquisitions
in Latin America, India and other countries to boost its
operations in phosphate fertilizers and base metals. Maaden
also plans to shift its financing strategy over the medium term
away from bank loans, which have been its main source of
financing, to the bond market, including Sukuk issues.
(Reuters)
 Saudi Arabia’s recovery gains pace with higher consumer
spending – Latest macroeconomic indicators from Saudi Arabia
point to a sustained recovery in the economy supported by
improving consumer spending, corporate and banking sector
earnings and gains in government revenues, according to
analysts. A recent analysis from Arqaam Capital showed that
the Kingdom witnessed strong consumer spending numbers (up
9% YoY) in the third quarter of this year, more than expected
after a weak first half of 2018. The International Monetary
Fund (IMF) has forecasted a real GDP growth of 1.9% in 2018,
with non-oil growth strengthening to 2.3%. The pickup in GDP
growth follows a negative growth of 0.9% in 2017. GDP growth
is expected to pick up further over the medium-term as the
reforms take hold and oil output increases. The fiscal deficit is
projected to narrow to 4.6% of GDP in 2018 from an estimated
9.3% last year. Higher exported oil, domestic energy, and non-
oil revenues more than offset additional capital spending,
compensatory payments to households through the citizens’
accounts, and the cost of the January Royal Decree, which
introduced monthly allowances for public sector workers,
retirees, students, and those on social benefits through end-
2018 (1.8% of GDP). Latest data showed aggregate consumer
spending as indicated by point of sales (POS) and ATM
withdrawals registered a 16% YoY growth in September and 9%
in the third quarter of 2018 compared to 5% in the second
quarter over the first quarter. (Gulfbase.com)
 Alkhabeer to list property trust on market – Saudi Arabia’s
Alkhabeer Capital (Alkhabeer) plans to list a property trust on
the stock exchange, the company stated. The Saudi Arabian
Capital Market Authority earlier this month approved
Alkhabeer’s request to list the real estate investment trust
(REIT) units. Saudi Arabia’s Tadawul stock exchange has
witnessed a flurry of REIT activity this year, with eight listings
in the first half of 2018, according to a PWC report. The
exchange began listing REITs in 2016, in a move that allows
investors to access the local real estate market through the
purchase of existing and developed property. The trusts are
securities which trade on stock markets but invest directly in
properties and distribute profits as dividends. The value of the
assets exceeds $266.60mn and the initial public offering size is
valued at $63.18mn it stated. The fund invests in seven income-
producing real estate assets in Riyadh, Jeddah and Tabuk.
(Reuters)
 Saudi Arabia to waive $6bn debts of poorer countries – Saudi
Arabia plans to waive more than $6bn of debt owed to the
Kingdom by poorer countries, a cabinet statement stated. It did
not name the countries, but said it was part of a larger UN
development initiative. (Reuters)
 Publicis Groupe keeping Saudi Arabian business for now –
Communications giant, Publicis Groupe will continue to work
for Saudi Arabia while “monitoring the situation”, Chairman
Maurice Levy said, despite Riyadh’s acknowledgement that
dissident Jamal Khashoggi was the victim of a premeditated
murder at its Istanbul consulate. The French group’s Qorvis
Communications business has a long-standing contract to
handle public relations and government affairs for Saudi
Arabia. (Reuters)
 Saudi Aramco, Total Satorp JV refinery plans work in 2020 –
Satorp in Jubail, Saudi Arabia, plans maintenance at units
including crude processor, hydrotreater, and coker, according to
David Marion, the venture’s VP for manufacturing. The refinery
had completed work on train 1 units in January-February; the
plant has duplicate units in each of its two trains so it can
continue processing at 50% capacity when conducting
maintenance, according to Marion. The facility has a capacity
of 450,000 bpd; Satorp will expand its capacity during the next
maintenance period to 460,000-480,000 bpd. The JV between
both Saudi Aramco and Total is still choosing the date for
maintenance and Satorp will likely conduct the work in late-
2020. The new IMO ship-fuel regulations to take effect in
January 2020 will boost refining margins in late-2019 and 2020
by raising demand for fuels lower in sulfur; Satorp may also
plan to work later in 2020 to avoid missing the period of good
margins. (Bloomberg)
 Lockheed Martin sees fewer than 1000 new US jobs from Saudi
Arabian Deal – Lockheed Martin has forecasted fewer than
1,000 positions being created by it in the US from the Saudi
Arabian arms deal, Reuters reports stated. Lockheed Martin
predicts the deal creating nearly 10,000 new jobs in Saudi
Arabia, while keeping as much as 18,000 existing US workers
busy. (Bloomberg)
 UAE’s central bank issues new conditions for retail loan bank
transfers – The UAE’s central bank stated that it had amended
conditions for the transfer of retail loans from one bank to

7. Page 7 of 9
another. The banking watchdog stated it had decided to amend
the regulation of loans from banks and other services offered to
individuals. Banks and finance companies are obliged to reduce
the profit over interest ratio and not to increase the repayment
period, it stated. (Reuters)
 UAE, US discuss financial and banking relations – Chairman of
UAE Banks Federation, AbdulAziz Al Ghurair, received a high-
level delegation led by US Secretary of the Treasury, Steven T.
Mnuchin at a meeting held in Abu Dhabi. Both parties discussed
key banking and financial issues of US and UAE bilateral
interest, and explored possible ways of collaboration to address
them. Al-Ghurair said, “We are pleased to host the Secretary of
the Treasury, Steven T. Mnuchin, and the high-level delegation,
underlining the willingness and commitment to further the
development of bilateral cooperation and enhancement of
collaboration as the meeting offers a platform to discuss
financial and banking issues of mutual interest. Over the years,
there has been extensive collaboration between the US and the
UAE to jointly fight the money laundering and terrorist
financing menace. By working closely with the US and other
international partners, the UAE is demonstrating its
commitment to confront, degrade and eradicate terrorism and
extremism across the Middle East and worldwide.” He added,
“The UAE is a member of MENA-FATF and UAE banks work
closely with our regulator, the UAE Central Bank, towards
ensuring adherence to FATF Recommendations on combating
money laundering and financing of terrorism. Banks in the UAE
seek to ensure that they operate in compliance with US and
international AML and sanctions requirements and would
welcome any additional platforms or means of cooperation with
US Treasury to support these objectives, in coordination with
our own regulatory authorities.” (Gulfbase.com)
 Fewa, Honeywell enter advanced energy management deal –
The UAE’s Federal Electricity & Water Authority (Fewa) signed
a Memorandum of Understanding (MoU) with Honeywell, a
global leader in Industrial Internet of Things (IIoT) technologies
for buildings, to drive sustainable development and green
economy initiatives in the UAE’s Northern Emirates. The
collaboration details Fewa’s focus on driving significant energy
savings of between 10% and 30% across a range of public sector
buildings through the adoption of advanced energy efficiency
technologies and to improve the standards of living and achieve
sustainable growth by 2021, as stated. Under the terms of the
agreement which was signed at Wetex 2018, the organizations
will determine a proof of value, focusing particularly on
Honeywell’s next generation solutions that enable significant
energy savings and adhere to sustainable environmental
guidelines. These technologies include building management
systems, energy management dashboards and energy
performance contracting (EPC). The partnership will support
the goals of the UAE Energy Strategy 2050, which is considered
the first unified energy strategy in the country based on supply
and demand. The strategy aims to increase the contribution of
clean energy in the total energy mix from 25% to 50% by 2050
and reduce carbon footprint of power generation by 70%, thus
saving AED700bn by 2050. It also seeks to increase
consumption efficiency of individuals and corporates by 40%.
(Gulfbase.com)
 UAE’s FTA budget proposal approved – The UAE’s Federal Tax
Authority (FTA)’s held its sixth meeting, chaired by Sheikh
Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and
UAE Minister of Finance. During the meeting, the Board of
Directors adopted the FTA’s proposed budget for 2019, in
addition to a number of executive decisions regarding the
authority’s internal regulations, policies and operations.
(GulfBase.com)
 EMIRATES NBD's net profit rises to AED2,638.2mn in 3Q2018 –
Emirates NBD Bank (EMIRATES NBD) recorded net profit of
AED2,638.2mn in 3Q2018 as compared to AED2,275.6mn in
3Q2017. Net interest income came in at AED2,819.9mn as
compared to AED2,359.1mn in 3Q2017. Total operating income
came in at AED4,454.2mn as compared to AED3,965.4mn in
3Q2017. Total assets stood at AED492.6bn at the end of
September 30, 2018 as compared to AED470.4bn at the end of
December 31, 2017. Loans and receivables stood at
AED275.3bn, while customers’ deposits stood at AED284.3bn at
the end of September 30, 2018. EPS came in at AED0.45 in
3Q2018 as compared to AED0.38 in 3Q2017. (DFM)
 EIB's net profit rises to AED171.6mn in 3Q2018 – Emirates
Islamic Bank (EIB) recorded net profit of AED171.6mn in
3Q2018 as compared to AED111.7mn in 3Q2017. Net income
from financing and investment products came in at
AED400.9mn as compared to AED390.9mn in 3Q2017. Total
operating income came in at AED622.6mn as compared to
AED612.4mn in 3Q2017. Total assets stood at AED59.8bn at the
end of September 30, 2018 as compared to AED61.9bn at the
end of December 31, 2017. Financing receivables stood at
AED36.3bn, while customers’ accounts stood at AED42.4bn at
the end of September 30, 2018. EPS came in at AED0.032 in
3Q2018 as compared to AED0.021 in 3Q2017. (DFM)
 Dubai-South Korea trade surges to $2.3bn in 1H2018 – Dubai’s
trade with South Korea grew 8% from $6.8bn in 2016 to $7.4bn
in 2017, standing at $2.37bn during 1H2018, a media report
stated. The figures have been revealed during a meeting
between Ahmed Mahboob Musabih, director of Dubai Customs,
and a South Korean delegation led by the Consul-General in
Dubai, Chun Young Wook, in the presence of representatives of
a number of South Korean businesses operating in the country,
Emirates news agency Wam reported. The meeting occasioned
a review of the incentives provided by the Federal Government
to stimulate the business sector and domestic economy in
general that will ultimately reflect positively on the businesses
in the country. Musabih underlined his determination to keep
South Korean investors updated on the latest business services
provided by Dubai Customs. For his part, the Korean Consul-
General reaffirmed confidence in the investment-conducive
environment of Dubai, is calling on Korean businesses to invest
in the country. (GulfBase.com)
 Dubai Islamic Bank looking at organic, inorganic expansion –
Dubai Islamic Bank is always on the lookout for acquisitions,
CEO Adnan Chilwan told Bloomberg TV. He added, “There’s
always an opportunity for a mega deal in conventional or
Islamic banking. It just needs to make commercial sense.” He
mentioned that Dubai Islamic Bank has a robust asset quality.
(Bloomberg)

8. Page 8 of 9
 CBI's net profit rises to AED61.2mn in 3Q2018 – Commercial
Bank International (CBI) recorded net profit of AED61.2mn in
3Q2018 as compared to AED35.1mn in 3Q2017. Total interest
income and income from Islamic financing & investing assets
came in at AED224.7mn as compared to AED222.8mn in
3Q2017. Net operating income came in at AED224.7mn as
compared to AED214.9mn in 3Q2017. Total assets stood at
AED19.4bn at the end of September 30, 2018 as compared to
AED20.7bn at the end of December 31, 2017. Loans and
advances to customers stood at AED12.3bn, while customers’
deposits stood at AED12.7bn at the end of September 30, 2018.
EPS from continuing operations came in at AED0.011 in 3Q2018
as compared to AED0.019 in 3Q2017. (ADX)
 UNB's net profit rises to AED434.2mn in 3Q2018 – Union
National Bank (UNB) recorded net profit of AED434.2mn in
3Q2018 as compared to AED406mn in 3Q2017. Net interest
income came in at AED659.6mn as compared to AED620.8mn in
3Q2017. Operating income came in at AED876.4mn as
compared to AED932.4mn in 3Q2017. Total assets stood at
AED104.9bn at the end of September 30, 2018 as compared to
AED107.5bn at the end of December 31, 2017. Loans and
advances measured at amortized cost stood at AED69.2bn,
while customers’ deposits stood at AED73.0bn at the end of
September 30, 2018. EPS came in at AED0.14 in 3Q2018 as
compared to AED0.13 in 3Q2017. (ADX)
 Citigroup granted license to set up Citibank’s branch in Abu
Dhabi – Citigroup has been granted a license to set up a branch
of Citibank at Abu Dhabi Global Market (ADGAM), a financial
center in Abu Dhabi. The new branch will provide liquidity
management to Citibank’s clients looking to establish regional
treasury centers in the UAE, as well as offering institutional
banking services to its global clients, it stated. (Reuters)
 Tabreed gets $408mn in loan facilities to refinance debt –
Tabreed, whose biggest shareholder is French utility Engie SA,
obtained $408mn in banking facilities to help refinance debt.
The facilities will add to a $500mn Sukuk, which the district
cooling provider raised this month to refinance $762mn, it
stated. It will help improve balance sheet efficiency and a
longer debt maturity, providing fresh impetus for the
company’s expansion into both existing and new markets, it
stated. (Bloomberg)
 Kuwait's Emir says economic reforms needed despite higher oil
prices – Kuwait needs to push through economic reforms
despite higher oil prices, the Gulf state’s ruler said, urging
parliament to work with the government to implement
measures aimed at diversifying revenues and developing the
economy. Kuwait, whose state finances are among the
strongest in the region, has been trying to introduce new taxes
and reform a lavish welfare system to curb state spending. “I
hope that the recent temporary improvement in oil prices does
not obstruct this important path, which aims to protect future
generations,” Emir Sheikh Sabah Al-Ahmad Al-Jaber al-Sabah
told parliament in a speech at the start of its new session.
Critics say parliament has long hindered attempts at fiscal
discipline. (Reuters)
 Oman sells $1.5bn Sukuk with generous investor returns –
Oman sold $1.5bn in Sukuk last week but the generous investor
returns it had to offer showed that the crisis over the killing of
Saudi journalist Jamal Khashoggi is raising funding costs across
the Gulf region, fund managers said. The bond issue is Oman’s
second public debt issuance this year, as the Sultanate borrows
internationally to finance a budget deficit caused by a slump in
oil prices over the past few years. It follows a $6.5bn
conventional bond issue in January, the country’s largest ever
debt sale. The bonds offer almost 50 basis points more than
Oman’s existing $2bn Sukuk issued last year and due in June
2024. Even accounting for a premium of around 20 basis points
over the 2024 notes for the one and a half year maturity
extension, the new Sukuk offer investors an extra 30 basis
points which fund managers partly ascribed to the Khashoggi
fallout. (Gulf-Times.com)
 Oman sells OMR76.5mn 28 day bills – Oman sold OMR76.5mn
of bills due November 28 on October 29. Investors offered to
buy 1.09 times the amount of securities sold. The bills were sold
at a price of 99.83, having a yield of 2.217% and will settle on
October 31. (Bloomberg)
 Bahrain’s central bank approves port operator IPO – Bahrain’s
central bank has approved an initial public offering (IPO) by
APM Terminals Bahrain, a port operator, it stated. The
company plans to list shares equivalent to 20% of its issued
share capital. APM Terminals stated this month it had
appointed Bahrain’s SICO, an asset manager and investment
bank, to arrange the IPO. The company will offer 18mn shares,
equivalent to 20% of its issued share capital, at BHD0.66 per
share, it said in the IPO prospectus published. APM Terminals
Bahrain, which has operated in the country for 12 years, is part
of the Netherlands-based group APM Terminals, which is itself
part of the Maersk Group. The offering will start on November 8
and will remain open until November 24. The company’s shares
will start trading on December 9, according to the prospectus.
(Reuters)

9. 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 9 of 9
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
45.0
70.0
95.0
120.0
Aug-14 Aug-15 Aug-16 Aug-17 Aug-18
QSE Index S&P Pan Arab S&P GCC
(0.2%) (0.3%)
0.0%
(0.2%) (0.2%) (0.3%)
1.1%
(0.5%)
0.0%
0.5%
1.0%
1.5%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,222.87 (0.5) (0.8) (6.2) MSCI World Index 1,997.19 1.1 0.8 (5.1)
Silver/Ounce 14.47 0.1 (1.5) (14.6) DJ Industrial 24,874.64 1.8 0.8 0.6
Crude Oil (Brent)/Barrel (FM Future) 75.91 (1.8) (2.2) 13.5 S&P 500 2,682.63 1.6 0.9 0.3
Crude Oil (WTI)/Barrel (FM Future) 66.18 (1.3) (2.1) 9.5 NASDAQ 100 7,161.65 1.6 (0.1) 3.7
Natural Gas (Henry Hub)/MMBtu 3.27 1.6 0.0 5.8 STOXX 600 355.53 (0.3) 0.5 (13.8)
LPG Propane (Arab Gulf)/Ton 85.63 (1.3) 0.0 (13.5) DAX 11,287.39 (0.8) 0.4 (17.5)
LPG Butane (Arab Gulf)/Ton 91.00 (0.3) 1.1 (16.1) FTSE 100 7,035.85 (0.6) 0.4 (14.0)
Euro 1.13 (0.2) (0.5) (5.5) CAC 40 4,978.53 (0.6) (0.2) (11.5)
Yen 113.13 0.7 1.1 0.4 Nikkei 21,457.29 1.1 0.5 (6.0)
GBP 1.27 (0.7) (1.0) (6.0) MSCI EM 936.30 0.2 (0.3) (19.2)
CHF 0.99 (0.3) (0.8) (3.0) SHANGHAI SE Composite 2,568.05 0.9 (1.5) (27.5)
AUD 0.71 0.7 0.2 (9.0) HANG SENG 24,585.53 (0.9) (0.6) (18.2)
USD Index 97.01 0.4 0.7 5.3 BSE SENSEX 33,891.13 (0.7) 0.9 (13.7)
RUB 65.55 (0.4) (0.3) 13.7 Bovespa 86,885.71 2.8 0.1 1.1
BRL 0.27 0.6 (1.5) (10.4) RTS 1,105.33 (0.7) 0.6 (4.3)
75.6
74.2
73.2