The QSE Index declined marginally to close at 10,252.9.

1. Page 1 of 6
QSE Intra-Day Movement
Qatar Commentary
The QSE Index declined marginally to close at 10,252.9. Losses were led by the Real
Estate and Insurance indices, falling 0.9% and 0.8%, respectively. Top losers were Aamal
Co. and Ezdan Holding Group, falling 1.9% and 1.2%, respectively. Among the top
gainers, Al Khalij rose 4.3%, while Ooredoo was up 2.4%.
GCC Commentary
Saudi Arabia: The TASI Index rose 0.4% to close at 5,948.9. Gains were led by the
Insurance and Cement indices, rising 1.7% and 1.6% respectively. Saudi United Coop.
Ins. Co. rose 7.5%, while Saudi Cement Co. was up 4.5%.
Dubai: The DFM Index declined 0.3% to close at 3,446.1. The Industrial index fell
10.0%, while the Consumer Staples index was down 1.8%. National Cement Company
fell 10.0%, while Arab Insurance Group was down 3.1%.
Abu Dhabi: The ADX benchmark Index rose 0.1% to close at 4,470.4. The Consumer
Staples index rose 3.2%, while Investment & Financial Services index was up 2.5%.
Union Cement Co. rose 5.5%, while Agthia Group was up 4.0%.
Kuwait: The KSE Index fell 0.1% to close at 5,390.8. The Basic Material index fell 3.1%,
while the Telecommunication index was down 1.9%. Al Masaken International Real Est.
Dev. fell 15.6%, while Kuwait Cable Vision was down 14.3%.
Oman: The MSM Index declined marginally to close at 5,750.2. All the indices ended in
green. Taageer Finance fell 1.7%, while Oman Fisheries was down 1.6%.
Bahrain: The BHB Index gained 0.2% to close at 1,134.1. The Industrial index gained
1.4%, while the Investment index was up 0.5%. Al Baraka Banking Group rose 4.6%,
while Aluminum Bahrain was up 1.5%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Al Khalij 17.80 4.3 4.8 (0.9)
Ooredoo 97.90 2.4 263.5 30.5
Dlala Brokerage & Inv. Holding Co. 21.90 2.3 9.7 18.4
Qatar Navigation 87.50 1.7 0.2 (7.9)
Qatar Int. Islamic Bank 65.10 1.7 34.7 1.2
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Vodafone Qatar 10.54 0.4 616.3 (17.0)
Masraf Al Rayan 34.50 (0.1) 442.0 (8.2)
Qatar Islamic Bank 100.90 0.3 372.8 (5.4)
Ooredoo 97.90 2.4 263.5 30.5
Ezdan Holding Group 17.10 (1.2) 256.9 7.5
Market Indicators 21 Sep 16 20 Sep 16 %Chg.
Value Traded (QR mn) 195.6 371.6 (47.4)
Exch. Market Cap. (QR mn) 551,536.8 550,645.7 0.2
Volume (mn) 3.7 8.5 (56.6)
Number of Transactions 2,969 5,248 (43.4)
Companies Traded 38 41 (7.3)
Market Breadth 24:13 21:18 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 16,588.51 (0.0) (2.7) 2.3 14.3
All Share Index 2,837.84 0.1 (2.4) 2.2 13.6
Banks 2,832.33 0.3 (1.2) 0.9 12.0
Industrials 3,063.91 (0.1) (4.4) (3.9) 14.6
Transportation 2,447.48 1.4 (2.4) 0.7 11.8
Real Estate 2,437.73 (0.9) (3.6) 4.5 21.4
Insurance 4,508.08 (0.8) (1.9) 11.8 12.0
Telecoms 1,192.73 2.0 (0.3) 20.9 18.2
Consumer 6,321.03 0.5 (0.9) 5.3 13.2
Al Rayan Islamic Index 3,868.33 0.0 (3.0) 0.3 17.0
GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD%
Com. Bank Of Dubai Dubai 5.20 6.1 150.7 (17.5)
Albaraka Banking Group Bahrain 0.46 4.5 65.5 (16.9)
Saudi Cement Saudi Arabia 58.01 4.5 89.2 (10.6)
Saudi Ind. Inv. Group Saudi Arabia 12.77 4.4 594.0 (7.5)
Samba Financial Group Saudi Arabia 18.27 4.4 767.0 (21.7)
GCC Top Losers## Exchange Close# 1D% Vol. ‘000 YTD%
Abu Dhabi Nat. Hotels Abu Dhabi 3.13 (9.8) 5.0 7.9
Nat. Mobile Telecom. Kuwait 1.12 (3.4) 9.9 1.8
Al Rajhi Bank Saudi Arabia 53.40 (2.5) 3,764.4 2.5
Aamal Co. Qatar 14.56 (1.9) 58.0 4.1
Nat. Investments Co. Kuwait 0.11 (1.8) 942.0 27.3
Source: Bloomberg (# in Local Currency) (## GCC Top gainers/losers derived from the Bloomberg GCC 200
Index comprising of the top 200 regional equities based on market capitalization and liquidity)
QSE Top Losers Close* 1D% Vol. ‘000 YTD%
Aamal Co. 14.56 (1.9) 58.0 4.1
Ezdan Holding Group 17.10 (1.2) 256.9 7.5
Barwa Real Estate Co. 34.25 (1.0) 168.6 (14.4)
Qatar Oman Investment Co. 10.82 (1.0) 33.7 (12.0)
Qatar Insurance Co. 86.20 (0.9) 60.1 24.0
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Qatar Islamic Bank 100.90 0.3 37,473.9 (5.4)
QNB Group 154.20 0.1 35,195.8 5.7
Ooredoo 97.90 2.4 25,205.8 30.5
Qatar Electricity & Water Co. 205.70 (0.6) 18,541.2 (4.9)
Masraf Al Rayan 34.50 (0.1) 15,248.1 (8.2)
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* 10,252.90 (0.0) (2.7) (6.7) (1.7) 53.71 151,507.2 14.3 1.6 4.0
Dubai 3,446.08 (0.3) (1.0) (1.7) 9.4 74.86 90,441.3 12.3 1.3 4.4
Abu Dhabi 4,470.40 0.1 (0.6) (0.0) 3.8 37.86 119,664.6 11.9 1.4 5.5
Saudi Arabia 5,948.92 0.4 (3.7) (2.1) (13.9) 561.62 370,640.5 14.0 1.4 4.0
Kuwait 5,390.79 (0.1) (0.7) (0.5) (4.0) 11.24 80,058.0 18.5 1.0 4.4
Oman 5,750.15 (0.0) (0.5) 0.3 6.4 11.72 22,907.7 10.8 1.1 5.0
Bahrain 1,134.12 0.2 0.8 (0.7) (6.7) 0.81 17,651.8 9.5 0.4 4.9
Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
10,220
10,240
10,260
10,280
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00

2. Page 2 of 6
Qatar Market Commentary
 The QSE Index declined marginally to close at 10,252.9. The Real Estate and
Insurance indices led the losses. The index fell on the back of selling
pressure from Qatari shareholders and GCC shareholders despite buying
support from non-Qatari shareholders.
 Aamal Co. and Ezdan Holding Group were the top losers, falling 1.9% and
1.2%, respectively. Among the top gainers, Al Khalij rose 4.3%, while
Ooredoo was up 2.4%.
 Volume of shares traded on Wednesday fell by 56.6% to 3.7mn from 8.5mn
on Tuesday. Further, as compared to the 30-day moving average of 8.2mn,
volume for the day was 54.9% lower. Vodafone Qatar and Masraf Al Rayan
were the most active stocks, contributing 16.7% and 12.0% to the total
volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Ratings
Ratings Updates
Company Agency Market Type* Old Rating New Rating Rating Change Outlook Outlook Change
Al Rajhi Bank Fitch Saudi
LT FC IDR/ ST FC
IDR/VR/SR/SRF
A/F1/a-/1/A A/F1/a-/1/A – Negative –
National
Commercial Bank
Fitch Saudi
LT FC IDR/ ST FC
IDR/VR/SR/SRF
A/F1/a-/1/A A/F1/a-/1/A – Negative –
Riyad Bank Fitch Saudi
LT FC IDR/ ST FC
IDR/VR/SR/SRF
A/F1/a-/1/A A/F1/bbb+/1/A  Negative –
Samba Financial
Group
Fitch Saudi
LT FC IDR/ ST FC
IDR/VR/SR/SRF
A/F1/a-/1/A A/F1/a-/1/A – Negative –
Banque Saudi
Fransi
Fitch Saudi
LT FC IDR/ ST FC
IDR/VR/SR/SRF
A-/F2/a-/1/A- A-/F2/a-/1/A- – Negative –
Saudi British Bank Fitch Saudi
LT FC IDR/ ST FC
IDR/LT LC
IDR/VR/SR/SRF
A-/F2/A-/a-/1/A-
A-/F2/A-/a-
/1/A-
– Negative –
Arab National
Bank
Fitch Saudi
LT FC IDR/ ST FC
IDR/VR/SR/SRF
A-/F2/a-/1/A-
A-
/F2/bbb+/1/A-
 Negative –
Saudi Hollandi
Bank
Fitch Saudi
LT FC IDR/ ST FC
IDR/VR/SR/SRF
A-/F2/bbb/1/A- A-/F2/bbb/1/A- – Negative –
Saudi Investment
Bank
Fitch Saudi
LT FC IDR/ ST FC
IDR/VR/SR/SRF
A-/F2/bbb/1/A- A-/F2/bbb/1/A- – Negative –
Alinma Bank Fitch Saudi
LT FC IDR/ ST FC
IDR/VR/SR/SRF
A-/F2/bbb/1/A- A-/F2/bbb/1/A- – Negative –
Bank Aljazira Fitch Saudi
LT FC IDR/ ST FC
IDR/VR/SR/SRF
A-/F2/bb+/1/A- A-/F2/bb+/1/A- – Negative –
Aljazira Capital Fitch Saudi
LT FC IDR/ ST FC
IDR/SR/SRF
A-/F2/1 A-/F2/1 – Negative –
Source: News reports (* LT – Long Term, ST – Short Term, FSR- Financial Strength Rating, FC – Foreign Currency, FCR – Foreign Currency Rating, LCR – Local Currency Rating, IDR – Issuer Default Rating, SR – Support
Rating, LC – Local Currency, VR – Viability Rating, SRF – Support Rating Floor)
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 16.88% 14.45% 4,750,132.59
Qatari Institutions 24.51% 30.96% (12,607,838.17)
Qatari 41.39% 45.41% (7,857,705.58)
GCC Individuals 0.48% 4.60% (8,061,305.85)
GCC Institutions 2.03% 6.81% (9,354,738.25)
GCC 2.51% 11.41% (17,416,044.10)
Non-Qatari Individuals 5.88% 3.81% 4,050,162.69
Non-Qatari Institutions 50.21% 39.36% 21,223,586.99
Non-Qatari 56.09% 43.17% 25,273,749.68

3. Page 3 of 6
News
Qatar
 Ooredoo statement regarding market speculation – Further to
recent media speculation regarding Ooredoo's Indonesian
subsidiary, Indosat Ooredoo, Ooredoo confirmed that it has no
intention of selling its interest in the business. (QSE)
 UDCD plans new road to link The Pearl-Qatar with Doha – United
Development Company (UDCD), is set to conduct an engineering
study for a new connection road linking The Pearl Island with the
rest of Doha, in coordination with the Ministry of Transport and
Communications. UDCD has already commissioned specialized
consultants to study feasibility of the project including possible
alternative routes to construct the proposed connection with the
external road network around The Pearl, while looking to
minimize environmental impact and expropriation loss. The study
will also cover modern road traffic control solutions to facilitate
entry and exit to the island. (Gulf-Times.com)
 QSE plans online tool to help listed firms improve IR score – The
Qatar Stock Exchange (QSE) will launch a new online tool to help
listed companies understand how to further improve upon their
investor relations (IR) excellence score. A bourse spokesman
confirmed that the IR excellence program will feature a new “most
improved company” investor relations award for the first time this
year. Under the rating and assessment system used in the IR
excellence program, all Qatari listed companies are automatically
entered into the assessment program. The spokesman said a
public voting system and a detailed website ranking of all
companies will be conducted during the third quarter of this year,
adding all members of the investment community would be
eligible to vote for the best companies. Iridium, on behalf of the
QSE, will manage the distribution of e-mails and questionnaires to
a database of over 2,000 regional and international investor and
broker contacts that are active in the Qatari market. (Gulf-
Times.com)
 Qatar Cool to commission third plant in West Bay – Qatar Cool,
Doha’s premier provider of district cooling and one of the largest
cooling providers in the region, will be commissioning a third
plant in the West Bay district in 2017. The new cooling plant is
designed to have a capacity of 40,000 tons of refrigeration. It was
in September 2006 that Qatar Cool’s first cooling plant made its
debut in West Bay as the first large scale district cooling system in
the country. (Gulf-Times.com)
 Qatar on track to top FDI in Turkey; current investment at $20bn –
According to Qatar Chamber Vice Chairman Mohamed bin Towar
al-Kuwari, Qatari investments in Turkey are expected to increase
by $12bn once the agreement for a power generating project in
southern Turkey is finalized. Al-Kuwari said currently Qatar ranks
second in terms of investment size at $20bn (in Turkey). Al-
Kuwari said, “These investments, which are concentrated on
agriculture, tourism, real estate, and banking, are expected to grow
in a few years,” adding that the power generating project, once
finalized, could place Qatar on the top of Turkey’s foreign direct
investments list. (Gulf-Times.com)
 Qatar, EU seeks to finalize aviation pact – The first round of
negotiations for a comprehensive aviation agreement between the
Civil Aviation Authority of Qatar and the European Union
concluded. The negotiations aimed at reaching a comprehensive
agreement to regulate aviation services and the rights of air
transport between Qatar and EU member states. (Gulf-Times.com)
International
 Fed keeps rates steady, signals one hike by end of year – The US
Federal Reserve left interest rates unchanged but strongly signaled
it could still tighten monetary policy by the end of this year as the
labor market improved further. Fed Chair Janet Yellen, speaking
after the central bank's latest policy statement, said US growth was
looking stronger and rate increases would be needed to keep the
economy from overheating and fueling high inflation. Yellen said,
"We judged that the case for an increase has strengthened but
decided for the time being to wait." "The economy has a little more
room to run." Yellen said she expected one rate increase in 2016, if
the job market continued to improve and major new risks did not
arise. The Fed kept its target rate for overnight lending between
banks in a range of 0.25% to 0.50%, where it has been since it
hiked rates in December for the first time in nearly a decade. The
central bank has appeared increasingly divided over the urgency
of raising rates. (Reuters)
 Bank of England sees Brexit impact on jobs and investment –
According to a Bank of England survey of businesses that leaves it
on track to cut interest rates again in 2016, British investment and
employment are likely to be flat over the coming year because of
the June vote to leave the European Union. The BoE's regional
agents, who speak to companies around the country, found signs of
resilience in consumer spending and the housing market so far.
But they also detected a growing reluctance among businesses to
hire and invest. The BoE said, "Investment and employment
intentions had fallen, and were consistent with broadly flat levels
of capital spending and employment over the coming six to 12
months." Its survey showed the weakest investment plans among
British companies since 2010. The BoE said it expects Britain's
growth rate to more than halve next year to 0.8%. (Reuters)
 BOJ overhauls policy focus, sets target for government bond yields –
The Bank of Japan (BOJ) made an abrupt shift to targeting interest
rates on government bonds to achieve its elusive inflation target,
after years of massive money printing failed to jolt the economy
out of decades-long stagnation. While the BOJ reassured markets it
would continue to buy large amounts of bonds and riskier assets,
the policy reboot appeared to open the door for an eventual
winding down of its huge asset purchases, and tried to repair some
of the damage caused by its shock move to negative rates early this
year. Senior fixed-income strategist at Mitsubishi UFJ Morgan
Stanley Securities Katsutoshi Inadome said, "The impression is
that the BOJ is starting to pull back some of its troops from the
battlefront." The BOJ's increasingly radical stimulus efforts are
being closed watched by other global central banks which are also
struggling to revive growth, such as the European Central Bank.
Many investors fear central banks have nearly exhausted the limits
of what monetary policy can do, putting pressure back on
governments to step up spending. Japan's Prime Minister Shinzo
Abe welcomed the BOJ's shift and said the government would
work with the central bank to boost his "Abenomics" economic
growth program. (Reuters)
 China to promote development by opening economy 'even wider' –
Chinese Premier Li Keqiang said China would promote economic
development by opening up its economy more widely as
experience showed closed door policies only brought stagnation.
Li said in a speech to the annual United Nations General Assembly
"We will promote development through expanding, opening up."
"China's experience in the past decades has proven that a closed-
door policy only leads to stagnation and backwardness ... China
will open its door even wider to the outside world." Li said the
global economy was faced with insufficient aggregate demand and
prominent structural conflicts and could not afford long-term
sluggishness if sustainable development was to be maintained.
(Reuters)
Regional
 Facility Management Services in Middle East expected to witness
strong growth – A recent business confidence survey conducted by

4. Page 4 of 6
the British Institute of Facilities Management on the Middle East’s
FM market forecast a very positive growth, stating that 36% of
participants intend to completely outsource their FM services,
while 60% expect more outsourcing of FM operations in the
future. (GulfBase.com)
 S&P Global: GCC banks to stay under pressure until 2017 on
commodity gloom – According to S&P Global, banks in the Gulf
Cooperation Council countries, besides some other regions, will
remain under pressure for the remainder of 2016 and 2017. The
operating environments in these emerging banking markets are
suffering from the effects of low commodity prices on economic
growth & investment activity and weakening local currencies
outside the GCC region. (Gulf-Times.com)
 Al Hokair to develop mega Saudi airport district – According to
sources, Fawaz Abdulaziz Al Hokair Company, a leading Saudi-
based group with a focus on retail and real estate business sectors,
has won a major contract to develop a commercial and
entertainment district adjacent to King Abdulaziz International
Airport in Jeddah. The development of the King Abdulaziz
International Airport City will boast of two hotels and commercial
and administrative centers. (GulfBase.com)
 Mobily adds ‘Al Sunnat of Luggage’ stores to list of Neqaty partners
– ETIHAD Etisalat (Mobily) announced the addition of “Al Sunnat
of Luggage” stores to the list of “Neqaty” partners, adding an
important and distinctive variety for the “Neqaty” program that
offers an added value to its subscribers. “Al Sunnat” luggage stores
will add a new variety to “Neqaty” Partners, as Al Sunnat is well
known as a store specialized in selling bags and travel accessories
of all kinds, and operates 24 branches across the Kingdom in
Riyadh, Jeddah, Dammam and Qassim. (GulfBase.com)
 India wants to add UAE, Saudi oil for strategic reserve – According
to sources, India is talking to the United Arab Emirates (UAE) and
Saudi Arabia to fill half of the 1.5mn tons (mt) of the Mangalore
strategic storage, along with Iranian crude. (Reuters)
 STC to buy remaining shares in Gulf Digital Media Company
(INTIGRAL) – The Saudi Telecom Company (STC) announced that
the its board of directors has approved a proposal to buy the
shares of First Ischia Digital Media Limited company (owned by
Astro Malaysia) in Gulf Digital Media Company (Intigral), which
represents 29% from Intigral capital to the tune of $10mn and the
operation will be financed through its own sources. (Tadawul)
 UAE stresses the need to combat money laundering – The UAE
Central Bank Governor Mubarak Al Mansouri said that with money
laundering continuing to pose a major concern across the globe,
the UAE is making efforts to combat it by freezing and confiscating
the relevant assets associated with the crime. Al Mansouri said
that the UAE has criminalized money laundering by Federal Law
no 4 of 2002, and has established a set of standards and control
mechanisms to encounter such crimes. (GulfBase.com)
 UAE port at Fujairah opens crude jetty to boost hub role – Fujairah
plans to boost its influence as an oil-trading hub with the addition
of the region’s first crude-shipment jetty and expanded its storage
facilities. The Emirate, one of the smallest of the UAE’s seven
members, unloaded its first full crude cargo of about 2mn barrels
at the jetty after opening the dock for testing in early August. (Gulf-
Times.com)
 Dubai Business Events set to generate AED344mn – Dubai Business
Events has secured 15% more events in the first eight months of
2016 than the whole of 2015, and is poised to capitalize on
increasing demand from international meetings, conferences, and
incentives organizers. The events secured in 2016 will be held
over the course of the next four years and combined, will bring
65,000 delegates to Dubai from around the world, as speakers,
panelists, exhibitors and visitors and with each delegate expected
to add around AED6,000 to the economy, so the impact of these
events could be as much as AED344mn. (GulfBase.com)
 Dubai to seek $2.5bn loans to expand above-ground metro line for
World Expo site – Dubai is seeking $2.5bn in loans to finance a 15-
kilometer (9-mile) extension of its above-ground metro line to the
World Expo site. Banks submitted proposals this week to the
Emirate’s department of finance, including a $1.34bn facility
backed by European export credit agencies. (Bloomberg)
 Dubai developer tests demand for AED10mn plus apartments –
Dubai’s developers are back to stocking up at the super-luxury end
of the property market. The Al Barari cluster — opposite Global
Village — has just launched a limited collection of 13 ‘Signature’
apartments bearing a price tag of AED2,500 per square feet and
more. They form part of the Seventh Heaven apartment block the
developer had launched in 2014, which is now 70% complete.
More of Dubai’s developers are getting comfortable with testing
the market sentiments for high-end properties. Nakheel is
expected to announce sales of apartments — including 12,000
square feet penthouses — at its newly-unveiled Palm 360 tower,
which also includes a hotel. Nakheel also has another twin-tower
— Ibn Battuta Residences — heading into sales mode with more
than 500 upscale units. Another master developer has had a soft
launch of AED30mn villas, with the public announcement expected
shortly. (Bloomberg)
 Average Dubai rents fell 5% in August, Abu Dhabi rental values rise
– According to sources, average rents in Dubai fell by 5% in August
as compared to July, 2016 while rental values rose in neighboring
Abu Dhabi. Sources added that the average rent for studio
apartments in Dubai fell to AED54,000 in August from AED57,000
in July. (Bloomberg)
 Abu Dhabi consumer inflation up 2.4% in first 8 months of 2016 –
According to sources, Abu Dhabi’s consumer prices rose by 2.4%
in the first eight months of 2016. The consumer price index (CPI)
for August was 0.5%, YoY, and prices fell 0.7% from July. The
housing, power, water and fuel budget group saw the biggest rise,
at 6.6%, with education (4.4%), restaurants & hotels (3.9%) and
miscellaneous expenditures (3%) also above the average rate.
(GulfBase.com)
 Abu Dhabi Ports net profit jumps 77% in 1H2016 – Abu Dhabi Ports
announced results for 1H2016, demonstrating a 77% jump in its
net profit and a 20% jump in its revenue growth. The earnings
before interest, tax, depreciation and amortization (EBITDA),
margin exceeded 40%, reflecting a 15% increase as compared to
1H2015. Container volumes at the Khalifa Port Container
Terminal, KPCT, which is operated by Abu Dhabi Terminals,
increased by 11% in 1H2016. (GulfBase.com)
 Abu Dhabi to have AED700mn traditional market – Chairman of the
Executive Office, Saeed Eid Al Ghafli, has approved a number of
development and service projects in the Emirate of Abu Dhabi at a
cost of AED700mn. The committee, during its meeting, approved
awarding the project to develop the traditional market to
contractors based on a Musataha agreement valued at AED700mn,
including infrastructure work. (Bloomberg)
 Oman's August inflation rises 1.34% – According to the latest
report by the National Centre for Statistics & Information (NCSI),
the Sultanate registered a YoY (CPI-based) inflation rate of 1.34%
for August, driven mainly by a 7.25% rise in prices in the transport
set, and a 0.83% rise in the housing, water, electricity, gas and
other fuels set. Foods & non-alcoholic beverages prices went down
by 1.12%, while tobacco prices rose by 0.38% in August 2016 as
compared to August 2015. Clothing and footwear fell by 0.61%,
while furnishings, household equipment & routine household
maintenance went up by 0.61%. (GulfBase.com)

5. Page 5 of 6
 Gulf Mining plans $500mn potash project in Oman – Gulf Mining
Group, one of the largest mining and mineral processing
corporations in the Sultanate, has plans to set up a major potash
mining project targeting prolific reserves in central Oman.
According to the Group’s Chief Executive Officer, Mohammed
Yahya al Shabibi, the initial investments in the project are
estimated to be between $300mn and $500mn, effectively making
it the single largest mining-related venture in the Sultanate.
(GulfBase.com)
 Oman’s CMA approves transfer of government shares to Oman
Investment Fund – Oman’s Capital Market Authority (CMA) has
recently approved the transfer of the government’s shares in the
Port Services Corporation to Oman Investment Fund. As per the
agreement signed between the Ministry of Finance and the fund,
the ownership of 33,736,300 shares at a nominal value of 100
baisas per share representing 35.497% of the corporation’s capital
has now been fully transferred to Oman Investment Fund.
(GulfBase.com)
 Government shares in Oman Emirates Investment Holding company
transferred to Oman Investment Fund – Shares of the government
in Oman Emirates Investment Holding Company SAOG has been
transferred from the Ministry of Finance to Oman Investment
Fund and the 5,281,250 shares representing 4.3% of the
company’s share capital is now registered in the name of Oman
Investment Fund. (ADX)

6. Contacts
Saugata Sarkar 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. WLL One Person Company
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
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Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
80.0
100.0
120.0
140.0
160.0
180.0
Aug-12 Aug-13 Aug-14 Aug-15 Aug-16
QSEIndex S&P Pan Ar ab S&P GCC
0.4%
(0.0%)
(0.1%)
0.2%
(0.0%)
0.1%
(0.3%)
(0.3%)
0.0%
0.3%
0.6%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,333.63 1.4 1.8 25.6 MSCI World Index 1,721.69 1.1 1.5 3.5
Silver/Ounce 19.84 3.1 5.6 43.2 DJ Industrial 18,293.70 0.9 0.9 5.0
Crude Oil (Brent)/Barrel (FM Future) 46.83 2.1 2.3 25.6 S&P 500 2,163.12 1.1 1.1 5.8
Crude Oil (WTI)/Barrel (FM Future) 45.34 4.4 5.4 22.4 NASDAQ 100 5,295.18 1.0 1.0 5.7
Natural Gas (Henry Hub)/MMBtu 3.14 1.9 7.0 35.8 STOXX 600 342.46 0.4 1.3 (3.9)
LPG Propane (Arab Gulf)/Ton 52.25 3.2 5.8 33.5 DAX 10,436.49 0.4 1.5 (0.6)
LPG Butane (Arab Gulf)/Ton 66.50 1.9 3.3 15.7 FTSE 100 6,834.77 0.0 1.1 (3.6)
Euro 1.12 0.3 0.3 3.0 CAC 40 4,409.55 0.4 1.7 (2.3)
Yen 100.32 (1.4) (1.9) (16.6) Nikkei 16,807.62 2.9 3.4 5.7
GBP 1.30 0.3 0.2 (11.6) MSCI EM 905.65 0.8 2.3 14.0
CHF 1.03 0.6 0.7 2.9 SHANGHAI SE Composite 3,025.87 0.1 0.8 (16.8)
AUD 0.76 0.9 1.8 4.6 HANG SENG 23,669.90 0.6 1.5 7.9
USD Index 95.66 (0.4) (0.5) (3.0) BSE SENSEX 28,507.42 (0.0) (0.1) 8.0
RUB 63.93 (1.3) (2.1) (11.8) Bovespa 58,393.92 1.9 3.7 64.4
BRL 0.31 1.6 1.7 23.4 RTS 979.54 1.0 1.9 29.4
123.3
95.1
94.3