The QSE Index declined 0.6% to close at 9,770.4.

1. Page 1 of 5
QSE Intra-Day Movement
Qatar Commentary
The QSE Index declined 0.6% to close at 9,770.4. Losses were led by the Banks &
Financial Services and Real Estate indices, falling 1.2% and 1.1%, respectively. Top
losers were The Group Islamic Insurance Company and Qatar Islamic Bank, falling
4.5% and 2.5%, respectively. Among the top gainers, Investment Holding Group
gained 2.8%, while Mannai Corporation was up 2.5%.
GCC Commentary
Saudi Arabia: The TASI Index rose 0.5% to close at 7,729.1. Gains were led by the
Media and Food & Staples Retailing indices, rising 2.9% and 2.3%, respectively.
Tourism Enterprise rose 8.5%, while Al Alamiya for Cooperative Ins. was up 6.0%.
Dubai: The DFM General Index gained 0.6% to close at 2,842.7. The Consumer
Staples and Discretionary index rose 4.6%, while the Insurance index gained 2.3%.
Drake & Scull International rose 6.1%, while Takaful Emarat was up 5.7%.
Abu Dhabi: The ADX General index fell marginally to close at 4,918.1. The
Consumer Staples index declined 2.5%, while the Telecom. index fell 1.4%. Ras Al-
Khaimah Nat. Ins. declined 8.6%, while International Holdings Co. was down 5.7%.
Kuwait: The Kuwait Main market Index declined 1.4% to close at 4,799.6. The Real
Estate index fell 6.5%, while the Consumer Goods index declined 0.7%. Ream Real
Estate Company fell 77.8%, while Danah Al Safat Foodstuff Co. was down 25.0%.
Oman: The MSM 30 Index rose 0.5% to close at 4,453.6. Gains were led by the
Services and Financial indices, rising 0.6% and 0.3%, respectively. Almaha
Ceramics rose 2.6%, while Al Madina Investment was up 2.4%.
Bahrain: The BHB Index gained 0.3% to close at 1,343.5. The Industrial index rose
0.8%, while Investment index was up 0.3%. Ithmaar Holding rose 4.8%, while Arab
Banking Corporation was up 1.3%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Investment Holding Group 5.88 2.8 147.7 (3.6)
Mannai Corporation 52.40 2.5 32.7 (11.9)
Islamic Holding Group 27.50 1.8 4.5 (26.7)
United Development Company 14.30 1.4 388.7 (0.6)
Dlala Brokerage & Inv. Holding Co. 12.45 1.1 477.1 (15.3)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Dlala Brokerage & Inv. Holding Co. 12.45 1.1 477.1 (15.3)
Vodafone Qatar 8.84 0.1 416.7 10.2
United Development Company 14.30 1.4 388.7 (0.6)
Qatar Navigation 65.00 0.5 226.2 16.2
Qatar First Bank 5.25 (1.3) 213.0 (19.6)
Market Indicators 09 Sep 18 06 Sep 18 %Chg.
Value Traded (QR mn) 97.4 114.7 (15.1)
Exch. Market Cap. (QR mn) 539,431.5 543,539.6 (0.8)
Volume (mn) 3.4 4.0 (14.2)
Number of Transactions 1,780 1,990 (10.6)
Companies Traded 39 40 (2.5)
Market Breadth 13:22 17:18 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 17,214.41 (0.6) (0.6) 20.4 14.5
All Share Index 2,850.44 (0.7) (0.7) 16.2 14.8
Banks 3,499.50 (1.2) (1.2) 30.5 14.2
Industrials 3,133.91 (0.1) (0.1) 19.6 15.5
Transportation 2,014.24 0.3 0.3 13.9 12.5
Real Estate 1,810.89 (1.1) (1.1) (5.5) 15.4
Insurance 3,104.10 (0.4) (0.4) (10.8) 29.0
Telecoms 993.03 (0.1) (0.1) (9.6) 39.0
Consumer 6,211.28 (0.1) (0.1) 25.1 13.5
Al Rayan Islamic Index 3,793.35 (0.3) (0.3) 10.9 16.4
GCC Top Gainers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Knowledge Economic City Saudi Arabia 11.62 4.3 1,186.0 (9.4)
Saudi Arabian Fertilizer Saudi Arabia 74.00 3.1 303.6 13.7
Riyad Bank Saudi Arabia 15.78 2.7 462.5 26.2
Aldar Properties Abu Dhabi 1.95 2.6 8,338.0 (11.4)
Emaar Economic City Saudi Arabia 9.43 2.5 3,632.4 (30.1)
GCC Top Losers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Abu Dhabi Islamic Bank Abu Dhabi 4.09 (2.6) 1,505.7 8.2
Qatar Islamic Bank Qatar 135.50 (2.5) 68.9 39.7
Nat. Industrialization Co Saudi Arabia 19.20 (2.0) 2,195.6 17.1
Mouwasat Medical Serv. Saudi Arabia 79.50 (2.0) 67.7 5.0
National Petrochem. Co. Saudi Arabia 27.10 (1.8) 173.2 46.2
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%
The Group Islamic Insurance Co. 52.50 (4.5) 16.2 (4.5)
Qatar Islamic Bank 135.50 (2.5) 68.9 39.7
Ezdan Holding Group 9.99 (1.9) 163.4 (17.3)
QNB Group 175.51 (1.5) 68.1 39.3
Qatar First Bank 5.25 (1.3) 213.0 (19.6)
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Qatar Navigation 65.00 0.5 14,636.4 16.2
QNB Group 175.51 (1.5) 12,055.9 39.3
Qatar Islamic Bank 135.50 (2.5) 9,435.1 39.7
Ooredoo 70.00 (0.2) 8,405.3 (22.9)
Barwa Real Estate Company 36.19 (0.5) 6,979.8 13.1
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* 9,770.43 (0.6) (0.6) (1.2) 14.6 26.83 148,181.8 14.5 1.5 4.5
Dubai 2,842.67 0.6 0.6 0.1 (15.6) 68.54 101,477.6 7.6 1.1 6.0
Abu Dhabi 4,918.08 (0.0) (0.0) (1.4) 11.8 27.88 133,557.1 12.9 1.5 4.9
Saudi Arabia 7,729.07 0.5 0.5 (2.8) 7.0 528.10 490,285.9 17.0 1.7 3.7
Kuwait 4,799.60 (1.4) (1.4) (2.0) (0.6) 38.00 33,166.8 14.8 0.9 4.3
Oman 4,453.56 0.5 0.5 0.8 (12.7) 5.87 13,480.2 11.0 0.8 6.1
Bahrain 1,343.53 0.3 0.3 0.4 0.9 3.06 20,624.7 9.1 0.9 6.1
Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Market and Dubai Financial Market (** TTM; * Value traded ($ mn) do not include special trades, if any)
9,760
9,780
9,800
9,820
9,840
9,860
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00

2. Page 2 of 5
Qatar Market Commentary
 The QSE Index declined 0.6% to close at 9,770.4. The Banks & Financial
Services and Real Estate indices led the losses. The index fell on the back
of selling pressure from Qatari and GCC shareholders despite buying
support from non-Qatari shareholders.
 The Group Islamic Insurance Company and Qatar Islamic Bank were the
top losers, falling 4.5% and 2.5%, respectively. Among the top gainers,
Investment Holding Group gained 2.8%, while Mannai Corporation was
up 2.5%.
 Volume of shares traded on Sunday fell by 14.2% to 3.4mn from 4.0mn
on Thursday. Further, as compared to the 30-day moving average of
6.4mn, volume for the day was 46.8% lower. Dlala Brokerage &
Investment Holding Company and Vodafone Qatar were the most active
stocks, contributing 14.0% and 12.2% to the total volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
News
Qatar
 Ezdan Holding Group (ERES) swaps QE-listed holdings to
related entities – ERES swapped ~QR2.4bn in stocks to related
entities on an off-market transaction. ERES reduced its
holdings in QIBK (from 8% to 6%), QIIK (from 14% to 10%),
MARK (from 5% to 0%), IHGS (from 21% to 16%) and QISI
(from 10% to 7%). However, it upped its stake in MCGS from
10% to 12%. It is unclear as to what form of consideration was
received by ERES for these shares. With significant near term
debt obligations, a cash transaction should help alleviate a
liquidity crunch. However, an asset swap (for example real
estate assets for equities) could further impact ERES. Recently
Moody’s withdrew its ratings for Ezdan Group because it had
“insufficient or otherwise inadequate information to support
the maintenance of the ratings.” We await further market
disclosures that could help clarify the impact of these
transactions. (QE, QNBFS Research)
 QIMD signs MoU with glassglobal of Germany – Qatar
Industrial Manufacturing Company (QIMD) announced that it
signed a Memorandum of Understanding (MoU) with
glassglobal, a German consulting firm specialized in providing
technical and advisory services to the glass industry
worldwide. The MoU was signed on September 7, on the
sidelines of the Qatar-Germany Business and Investment
Forum held in the German capital of Berlin from September 6 to
7. The agreement aims to establish a general framework for
technical cooperation between the two companies to complete
the evaluation of the feasibility of a project to produce glass
containers in Qatar and to provide technical advice to the
project through reviewing and evaluating the technical offers
from the equipment suppliers and then participate in
supervising the implementation of the project throughout
commissioning and start-up. The project has already obtained
preliminary approvals and necessary official licenses and
currently work is being done to obtain the final approvals
required for its implementation. The project is the result of
cooperation between QIMD and the Gulf Glass Factory Co.,
which includes number of Qatari and foreign investors and
businessmen. The project aims to produce glass bottles and
various containers used in the packaging of food products (oils,
pickles, jams, honey) and beverages (drinking water, soft
drinks, juices, dairy). The design capacity of the project is 200
tons per day and is expected to cost about QR230mn. (QSE)
 QFBQ issues a supplementary disclosure on signing one of its
subsidiaries a contract to sell its full stake in Memorial – Qatar
First Bank (QFBQ) disclosed regarding one of its subsidiaries
signing a conditional sale agreement to sell all its shares in
İSTANBUL MEMORİAL SAĞLIK YATIRIMLARI A.Ş
(Memorial). Memorial is leading hospital operator in Turkey.
The bank explained one of QFBQ’s fully owned subsidiaries
known as QFIB Healthcare 2 SARL (the ‘Seller’), a company
incorporated in Luxembourg, has completed all conditions
precedent in the Share Purchase Agreement between it and
TAYA SAĞLIK YATIRIMLARI A.Ş (the ‘Buyer’), a wholly
owned subsidiary of the Aydin Family, who have majority
ownership in Memorial. Following this, the Seller transferred all
its shares (20% shareholding) in Memorial to the Buyer. The
deal was consummated at a valuation of $30mn, which is very
close to QFBQ’s book value. It should be noted that the
purchase price will be paid on a deferred basis in US Dollars. It
should also be noted that the size of the transaction reflected in
this disclosure doesn’t represent more than 10% of the bank’s
total assets. (QSE)
 More than 1,000 ships called at Hamad Port in 8 months –
Hamad Port has achieved yet another milestone as it received
more than 1,000 vessels in eight months of the current year,
showing that the Port continues its march towards success. The
Port, which is one of the largest ports in the region, received 128
ships in August, Qterminals stated. It had received 936 ships
during January to July period, taking the total count of ships
called at the port to 1,064 so far this year. The Port witnessed
increased traffic in various segments in August. The bulk cargo
category saw the highest increase as it handled 31,392 tons of
bulk cargo in August compared to 8,005 tons of such cargo in
July, showing a sharp rise of 292%. (Peninsula Qatar)
 Qatargas inks agreement with PetroChina to supply 3.4mn tons
of LNG every year – Qatargas signed an agreement with
PetroChina to supply the Asian nation with about 3.4mn tons of
liquefied natural gas (LNG) a year. Under the 22-year
agreement, Qatargas will supply LNG from the Qatargas 2
project, a joint venture between Qatar Petroleum, ExxonMobil
and Total, to terminals across China, the state-controlled
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 51.13% 31.63% 18,995,839.35
Qatari Institutions 12.04% 40.66% (27,879,793.47)
Qatari 63.17% 72.29% (8,883,954.12)
GCC Individuals 0.42% 0.36% 58,468.06
GCC Institutions 0.73% 3.40% (2,601,679.08)
GCC 1.15% 3.76% (2,543,211.02)
Non-Qatari Individuals 8.98% 9.81% (805,684.27)
Non-Qatari Institutions 26.70% 14.14% 12,232,849.41
Non-Qatari 35.68% 23.95% 11,427,165.14

3. Page 3 of 5
company stated. The first cargo will be delivered later this
month. The agreement allows flexibility in delivering LNG to
various receiving terminals, including the Dalian, Jiangsu,
Tangshan and Shenzhen terminals. (Bloomberg)
 MEC: 1,416 new companies registered in Qatar in August – As
many as 1,416 new companies were registered in Qatar in
August, the Ministry of Economy and Commerce (MEC) noted
in a report. The number of “new major business records”
reached 972, while the number of new sub-registries reached
444, MEC stated. Limited liability companies accounted for 61%
of the major business registers, while single-owner limited
liability companies came second with 28%, and individual
institutions third with 10%. In August, construction companies
topped the list of the highest number of registered activities,
with 227 registrations followed by 91 registrations in “service
activities and transactions clearance”, building material trading
companies (49) and public goods trading (31). According to the
report, the number of commercial licenses issued, modified or
renewed during August was 5,341 and the number of licenses
issued by the ministry totaled 823. Some 448 licenses were
amended and 4070 licenses got renewed. (Gulf-Times.com)
 Qatar Re ranked 27
th
among top 50 global reinsurers – Qatar Re,
a global multi-line reinsurer and a reinsurance subsidiary of
Qatar Insurance Group, has been ranked ‘27th amongst top fifty
global reinsurers’ by international credit rating agency, A.M.
Best. The new assigned ranking affirms Qatar Re’s very strong
capital base and well diversified portfolio, which is coupled
with global business diversification, serving global reinsurance
markets. Qatar Re’s new ranking was assigned on the basis of
unaffiliated gross written premium (GWP) in 2017. Besides
having a strong track record of operational performance and
robust underwriting, the reinsurer also wrote non-life
reinsurance business worth QR1.62bn in 2017. (Gulf-
Times.com)
 Sheikh Ahmed, South Carolina representative discuss ways to
enhance Qatar-US trade ties – HE the Minister of Economy and
Commerce Sheikh Ahmed bin Jassim bin Mohamed Al-Thani
met Mark Sanford, representative of the First District of South
Carolina, US, who is currently visiting the country. During the
meeting, they discussed ways to enhance bilateral relations
between Qatar and the US, especially South Carolina, in the
fields of economy and trade, as well as highlighting the
opportunities to increase bilateral trade. The two sides also
reviewed the outcome of the economic tour of the US by a high-
level Qatari delegation in April, which included the holding of
an economic forum, exhibition and bilateral meetings between
businessmen from both the countries in Charleston, South
Carolina. They also discussed mechanisms to support joint
investments and stimulate the private sector to establish
innovative investment projects in key sectors that will serve
the economic trends of Qatar and the US. Qatar and the US
have closed economic and trade relationship, which reflected
positively on the volume of trade between the two countries,
which totaled QR21bn in 2017. (Gulf-Times.com)
 Qatar Post signs agreement with paper recycling firm – Qatar
Post signed a cooperation agreement with Elite Paper Recycling
Company (Elite) to supply 120 containers in addition to the
customs clearance service at Hamad Port. The agreement was
signed at the Qatar Post General Office in the presence of
Chairman and Managing Director, Faleh bin Mohamed Al-
Naeimi and Elite’s Chairman, Abdullah bin Ibrahim Al-Suwaidi
and other officials. Al-Naeimi said this agreement has come
within the framework of Qatar Post’s directives to cooperate
with national companies and meet their postal and logistics
services, especially in the field of heavy cargo. This situation is
very beneficial for companies, especially after the country
prepared the appropriate ground for the logistics sector with
investments of around $8bn. (Gulf-Times.com)
 Qatari businesses invited to take part in China’s Canton Fair –
Qatari businesses through Qatar Chamber (QC) received an
invitation to participate in China Import and Export Fair
(Canton Fair), which is being organized by Ministry of
Commerce, People’s Government of Guangdong Province and
the China Foreign Trade Center (CFTC) from October 15 to 19,
2018. Mohamed bin Ahmed bin Towar Al Kuwari, QC’s Vice
Chairman met, a visiting Chinese trade delegation headed by
Chu Bing Vice-President of CFTC. For his part, Chu Bing
delivered a presentation about the fair which is the largest one
in China in terms of number of exhibitors, displayed items and
visitors. He noted that the fair includes sections for displaying
electronics, household electrical appliances, building materials
and hardware machinery and equipment, food and drink,
fabrics and home textiles. The fair reflects the development of
Chinese trade and aims at providing an ideal platform for
business opportunities and promoting China as a leading world
open market, he pointed out. (Peninsula Qatar)
International
 French Finance Minister says budget deficit will be below 3% of
GDP in 2019 – French Finance Minister Bruno Le Maire said the
government will keep its pledge to hold the budget deficit under
3% of gross domestic product (GDP) next year. “We will meet
our target to be under 3% of GDP in 2019. The recovery of public
accounts is non-negotiable,” Le Maire said on the sidelines of a
meeting of European Finance Ministers in Vienna. Separately,
Le Maire said he was confident that Italian leaders were aware
of the importance of decisions to be taken as part of the next
budget. (Peninsula Qatar)
 Japan’s second-quarter GDP posts fastest growth since 2016 on
stronger-than-expected capex – Japan’s economy grew in April-
June at its fastest pace since 2016, as the capital spending rising
more quickly than earlier estimated, although global trade
tensions and a string of natural disasters pose risks to the
outlook. Revised Cabinet office data showed the economy grew
an annualized 3.0% in April-June, handily beating economists’
median estimate for 2.6% gain and posting the fastest growth
since the start of 2016. The preliminary reading was for 1.9%
expansion. The economy’s improved performance should be a
relief for policymakers worried about fallout from a trade war
between the US and China, which could derail global growth
and in turn damage Japan’s export-reliant economy. A recent
run of soft data, including exports and factory output, had
fueled doubts in the strength of the economy. (Reuters)
 China's August producer inflation eases, points to more
pressure on economy – China’s producer inflation cooled in
August amid softening domestic demand, pointing to a steady
slowing in growth in the world’s second biggest economy as it

4. Page 4 of 5
confronts heightened risks to the outlook from a heated trade
dispute with the US. Consumer inflation, on the other hand,
picked up more than expected in August, though policy makers
are likely to stay focused on growth rather than pricing
pressures as US President, Donald Trump raises the stakes in
the tariff war. The producer price index (PPI), a gauge of
industrial profitability, rose 4.1% in August from a year earlier,
compared with a 4.6% increase in July, according to the
National Statistics Bureau. Analysts polled by Reuters had
expected August PPI would rose to 4.0%. On a monthly basis,
PPP picked up from 0.1% in July to 0.4% in August. Raw
material prices rose 7.8% in August from a year earlier,
compared with 9.0% increase in July. (Reuters)
Regional
 US, Saudi Arabia’s Energy Ministers to meet on September 10 –
The US’ Energy Secretary, Rick Perry will meet Saudi Arabia’s
Energy Minister, Khalid Al-Falih, on September 10 in
Washington, a US government source said, as the Trump
administration encourages energy-producing countries to pump
oil at high rates two months before it renews sanctions on
Iran’s exports of crude. (Reuters)
 Dubai completes 47 projects to add 14,000 properties –
Completed projects in Dubai this year added 14,000 different
properties to the market, including 10,000 apartments, 364
residential complexes, 2,258 townhouses, and 1,575 villas,
according to Dubai Land Department’s Director General, Sultan
Butti Bin Mejren. He stated in Dubai Land Department’s latest
report covering the period from the beginning of 2018 to August
31, that 47 projects were introduced into the market after they
were completed based on their set timelines. One of the signs of
the real estate market’s attractiveness is its continued ability to
attract additional investors who have invested heavily,
contributing to sustainable growth. (GulfBase.com)
 P&O Marinas signs MoU with Dubai SME – Ports, Customs and
Free Zone Corporation’s (PCFC) subsidiary, P&O Marinas signed
a memorandum of understanding (MoU) with Dubai SME. The
agency of the Department of Economic Development in Dubai,
mandated to develop the small and medium enterprise (SME)
sector, to boost mutual cooperation in introducing best services
to their clients towards realizing the vision of Dubai
Government in support of Dubai’s economy. P&O Marinas’ CEO
and Mina Rashid’s Executive Director, Mohammed Abdul Aziz
Al Mannaei and Dubai SME’s CEO, Abdul Baset Al Janahi signed
the MoU which will see both parties provide facilitations and
additional advantages to each other’s clients in order to
promote economic activity and support Dubai’s efforts in
attracting more business and investments. (GulfBase.com)
 Shuaa Capital to acquire 87.22% stake in Amwal – Shuaa
Capital stated it will increase its stake to 87.22% in Amwal
International Investment Company (Amwal), after the latter’s
shareholders agreed to sell their shares. Shuaa Capital, the
Dubai-based investment bank, stated that shareholders
representing 70.91% of Amwal’s shares have responded to
Shuaa Capital’s offer and submitted their application to sell
these shares. Together with Shuaa Capital’s existing 29.4mn
shares in Amwal, the total stake will amount to 87.2%.
(GulfBase.com)
 ADNIC set to buy back 10% shares – Abu Dhabi National
Insurance Company (ADNIC) stated it has won approval from
the UAE's Securities & Commodities Authority for repurchasing
10% of its shares. The Abu Dhabi-listed insurer stated that the
deadline of the share buyback ends on August 13, 2019, while
the repurchased stocks are to be sold two years after the date of
the last buying transaction. (GulfBase.com)
 Abu Dhabi Islamic Bank sets eligibility date for AED1bn rights
issue – Abu Dhabi Islamic Bank stated it has set September 12
as the eligibility date for its AED1bn rights issue, instead of
September 13 due to the public holiday on that day. This makes
the last day to purchase shares to be eligible for a rights
subscription September 10. Under the capital raise plan, each
shareholder will have the right to subscribe to 29 new shares for
every 198 shares held at the end of trading on September 12.
(GulfBase.com)
 Gulf International Bank plays key role in $253mn Byrne
Equipment Rental sale – IB Capital, the investment banking
arm of Gulf International Bank, stated it had acted as the
financial advisor to Al Tala’a International Transportation
Company on the $253mn sale of Byrne Equipment Rental to
Itqan Investments and Tamar VPower Energy Fund.
(GulfBase.com)
 Oman's producer price-based inflation rises – Oman's producer
price index (PPI)-based inflation rose by 17.7% in 2Q2018, over
the same period of last year, mainly driven by a rise in oil and
gas prices by 20.6% and non-oil products prices by 5.5%,
according to the National Centre for Statistics and Information.
Among oil and gas products, refined products shot up by 39%
while crude oil and natural gas price soared by 17.9%. Among
non-oil products, the prices of the manufacturing group rose by
7.5% in 2Q2018 while there was 1% fall in the prices of mining,
electricity and water group index. (GulfBase.com)
 Al Baraka Banking Group expects to offer shares in 2019 to fund
expansion plans – Al Baraka Banking Group will likely to offer
shares in 2019 to fund its international expansion plans. The
Bahrain-based bank plans to expand in China, Indonesia, East
Africa and Morocco, according to its CEO, Adnan Yousuf. “Al
Baraka Banking Group last year issued $400mn of tier one
Sukuk which would cover some of the costs of its expansion.
The remaining portion will come through a share offering,
which we expect in 2019 or the end of 2019,” Yousuf said.
(Reuters)
 Batelco inks deal with Dilmunia Mall Development Company –
Bahrain Telecommunications Company (Batelco), the leading
digital solutions provider in Bahrain, stated it has signed a
partnership deal with Dilmunia Mall Development Company for
its unique family-centric retail and leisure destination, the Mall
of Dilmunia. Under this agreement, Batelco will provide
cutting-edge ICT solutions, including the most advanced
network, digital solutions, security solutions, Wifi and mall
management solutions to the upcoming mall, remarked Batelco
Bahrain CEO Mohamed Bubashait. (GulfBase.com)

5. 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
the investor and be based on specifically engaged investment advice. We therefore strongly advise potential investors to seek independent professional advice before making any investment
decision. Although the information in this report has been obtained from sources that QNBFS believes to be reliable, we have not independently verified such information and it may not be
accurate or complete. 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 5 of 5
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
50.0
75.0
100.0
125.0
Aug-14 Aug-15 Aug-16 Aug-17 Aug-18
QSEIndex S&P Pan Arab S&P GCC
0.5%
(0.6%)
(1.4%)
0.3%
0.5%
(0.0%)
0.6%
(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 1,196.24 (0.3) (0.4) (8.2) MSCI World Index 2,137.60 (0.3) (1.7) 1.6
Silver/Ounce 14.18 0.1 (2.5) (16.3) DJ Industrial 25,916.54 (0.3) (0.2) 4.8
Crude Oil (Brent)/Barrel (FM Future) 76.83 0.4 (0.8) 14.9 S&P 500 2,871.68 (0.2) (1.0) 7.4
Crude Oil (WTI)/Barrel (FM Future) 67.75 (0.0) (2.9) 12.1 NASDAQ 100 7,902.54 (0.3) (2.6) 14.5
Natural Gas (Henry Hub)/MMBtu 2.88 (1.7) (2.7) (18.6) STOXX 600 373.77 (0.5) (2.5) (7.6)
LPG Propane (Arab Gulf)/Ton 105.00 0.7 1.0 7.4 DAX 11,959.63 (0.5) (3.6) (11.0)
LPG Butane (Arab Gulf)/Ton 112.50 (0.4) 1.9 6.5 FTSE 100 7,277.70 (0.6) (2.3) (9.5)
Euro 1.16 (0.6) (0.4) (3.8) CAC 40 5,252.22 (0.4) (3.1) (4.9)
Yen 110.99 0.2 (0.0) (1.5) Nikkei 22,307.06 (1.0) (2.4) (0.6)
GBP 1.29 (0.1) (0.3) (4.4) MSCI EM 1,022.98 0.5 (3.1) (11.7)
CHF 1.03 (0.4) (0.0) 0.5 SHANGHAI SE Composite 2,702.30 0.1 (1.1) (22.5)
AUD 0.71 (1.3) (1.1) (9.0) HANG SENG 26,973.47 (0.0) (3.3) (10.3)
USD Index 95.37 0.4 0.2 3.5 BSE SENSEX 38,389.82 0.3 (2.2) (0.0)
RUB 69.92 1.0 3.5 21.3 Bovespa 76,416.01 0.0 (1.6) (20.2)
BRL 0.25 (0.1) (0.1) (18.4) RTS 1,050.51 (0.4) (3.8) (9.0)
79.7
77.6
75.9