The QSE Index fell 0.1% to close at 10,465.4.

1. Page 1 of 5
QSE Intra-Day Movement
Qatar Commentary
The QSE Index fell 0.1% to close at 10,465.4. Losses were led by the Real Estate and
Insurance indices, declining 0.7% and 0.5%, respectively. Top losers were Al Khaleej
Takaful Group and Commercial Bank, falling 3.4% and 2.7%, respectively. Among the top
gainers, Dlala Brokerage & Investment Holding rose 2.8%, while Mannai Corporation was
up 2.3%.
GCC Commentary
Saudi Arabia: The TASI Index fell 3.4% to close at 5,534.4. Losses were led by the Hotel
& Tourism and Media & Publishing indices, falling 7.6% and 6.7%, respectively. Aseer
Trading. and Al Alamiya for Coop. Ins. were down 9.9% each.
Dubai: The DFM Index declined 0.4% to close at 3,452.6. The Transportation index fell
1.3%, while the Investment & Financial Services index declined 1.0%. Al Salam Sudan
fell 3.9%, while Al Salam Group Holding was down 3.1%.
Abu Dhabi: The ADX benchmark index fell 0.5% to close at 4,448.7. The Services index
declined 1.2%, while the Real Estate index fell 1.0%. Union Cement Co. declined 5.2%,
while Abu Dhabi National Co. for B and M was down 3.7%.
Kuwait: The KSE Index declined 0.2% to close at 5,402.4. The Telecommunication index
fell 1.8%, while the Consumer Goods index declined 0.8%. Al Masaken Int. Real Estate
Dev. declined 30.9%, while Kuwait Cable Vision was down 8.3%.
Oman: The MSM Index fell 0.4% to close at 5,726.2. Losses were lead by the Financial
and the Services indices, falling 0.4% each. Renaissance Services fell 3.4%, while the Al
Batinah Dev. Inv. Holding was down 2.3%.
Bahrain: The BHB Index gained 0.2% to close at 1,141.9. The investment index rose
2.1%, while the other indices ended flat or in red. Arab Banking Corporation rose 9.7%,
while Khaleeji Commercial Bank was up 1.8%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Dlala Brokerage & Inv. Holding 23.80 2.8 115.1 28.7
Mannai Corporation 83.90 2.3 0.1 (12.0)
Qatar Electricity & Water Co. 216.00 1.5 22.2 (0.2)
Industries Qatar 107.40 1.2 195.1 (3.3)
Qatar Navigation 87.10 0.9 5.2 (8.3)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Vodafone Qatar 11.01 (0.5) 2,340.4 (13.3)
Ezdan Holding Group 17.20 (0.6) 478.8 8.2
Masraf Al Rayan 35.55 (0.4) 329.7 (5.5)
Industries Qatar 107.40 1.2 195.1 (3.3)
Qatar First Bank 10.84 (0.3) 182.7 (27.7)
Market Indicators 28 Sep 16 27 Sep 16 %Chg.
Value Traded (QR mn) 155.7 276.5 (43.7)
Exch. Market Cap. (QR mn) 561,969.3 561,883.8 0.0
Volume (mn) 5.3 7.4 (28.4)
Number of Transactions 2,314 3,101 (25.4)
Companies Traded 40 40 0.0
Market Breadth 14:21 16:22 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 16,932.37 (0.1) 0.5 4.5 14.6
All Share Index 2,885.97 (0.1) 0.3 3.9 13.8
Banks 2,875.44 (0.2) (0.1) 2.5 12.2
Industrials 3,184.53 0.7 2.2 (0.1) 15.2
Transportation 2,490.68 0.4 1.2 2.5 12.0
Real Estate 2,442.63 (0.7) (0.3) 4.7 21.4
Insurance 4,598.85 (0.5) (0.4) 14.0 12.3
Telecoms 1,203.83 (0.1) (0.4) 22.0 18.3
Consumer 6,279.36 (0.5) (1.2) 4.6 13.2
Al Rayan Islamic Index 3,945.10 (0.3) 0.9 2.3 17.3
GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD%
Arab Banking Corp. Bahrain 0.34 9.7 100.0 (20.0)
Com. Bank of Dubai Dubai 5.50 5.8 250.0 (12.7)
Dana Gas Abu Dhabi 0.56 3.7 13,407.5 9.8
Mobile Telecom. Co. Saudi Arabia 6.74 3.5 6,851.1 (19.5)
Mannai Corporation Qatar 83.90 2.3 0.1 (12.0)
GCC Top Losers## Exchange Close# 1D% Vol. ‘000 YTD%
Aseer Trading. Saudi Arabia 12.75 (9.9) 396.2 (45.6)
Saudi Res. & Mark. Saudi Arabia 22.22 (9.8) 462.2 (61.5)
Al Tayyar Travel Saudi Arabia 27.65 (9.3) 8,881.0 (61.8)
Alabdullatif Industrial Saudi Arabia 12.77 (9.1) 667.8 (57.4)
United Electronics Co. Saudi Arabia 17.98 (9.1) 387.8 (55.1)
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%
Al Khaleej Takaful Group 22.85 (3.4) 3.8 (25.1)
Commercial Bank 37.95 (2.7) 56.0 (17.3)
Qatari Investors Group 50.60 (1.9) 118.5 34.2
United Development Co. 19.75 (1.3) 31.1 (4.8)
Zad Holding Co. 81.50 (1.2) 2.3 (3.9)
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Vodafone Qatar 11.01 (0.5) 25,860.3 (13.3)
Industries Qatar 107.40 1.2 20,876.1 (3.3)
QNB Group 156.10 0.1 12,289.3 7.0
Masraf Al Rayan 35.55 (0.4) 11,720.5 (5.5)
Ooredoo 98.00 0.0 10,705.0 30.7
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* 10,465.43 (0.1) 0.5 (4.8) 0.3 42.75 154,373.0 14.6 1.6 3.9
Dubai 3,452.60 (0.4) (1.7) (1.5) 9.6 80.86 90,640.1 12.4 1.3 4.0
Abu Dhabi 4,448.69 (0.5) (1.5) (0.5) 3.3 24.76 119,565.6 11.8 1.4 5.5
Saudi Arabia 5,534.43 (3.4) (7.0) (9.0) (19.9) 1,181.21 345,649.7 13.1 1.3 4.3
Kuwait 5,402.40 (0.2) (0.1) (0.3) (3.8) 26.79 80,548.3 18.6 1.0 4.4
Oman 5,726.16 (0.4) (0.7) (0.2) 5.9 7.94 22,968.2 10.7 1.1 5.0
Bahrain 1,141.91 0.2 0.7 (0.0) (6.1) 2.07 17,774.5 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)
10,460
10,480
10,500
10,520
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 fell 0.1% to close at 10,465.4. The Real Estate and Insurance
indices led the losses. The index fell on the back of selling pressure from
Qatari shareholders despite buying support from non-Qatari shareholders
and GCC shareholders.
 Al Khaleej Takaful Group and Commercial Bank were the top losers, falling
3.4% and 2.7%, respectively. Among the top gainers, Dlala Brokerage &
Investment Holding rose 2.8%, while Mannai Corporation was up 2.3%.
 Volume of shares traded on Wednesday fell by 28.4% to 5.3mn from 7.4mn
on Tuesday. Further, as compared to the 30-day moving average of 7.6mn,
volume for the day was 30.8% lower. Vodafone Qatar and Ezdan Holding
Group were the most active stocks, contributing 44.4% and 9.1% to the
total volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Global Economic Data and Earnings Calendar
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
9/28 US US Census Bureau Durable Goods Orders Aug P -1.50% 3.60% 4.40%
9/28 US US Census Bureau Durables Ex Transportation Aug P -0.50% 1.10% 1.30%
9/28 France INSEE Consumer Confidence Sep 97 97 97
9/28 Japan Shoko Chukin Bank Small Business Confidence Sep 46.9 47.7 46.3
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
Earnings Calendar
Tickers Company Name Date of reporting 3Q2016 results No. of days remaining Status
QNBK QNB Group 10-Oct-16 11 Due
DOHI Doha Insurance 17-Oct-16 18 Due
MARK Masraf Al Rayan 17-Oct-16 18 Due
QIBK Qatar Islamic Bank 18-Oct-16 19 Due
DHBK Doha Bank 19-Oct-16 20 Due
UDCD United Development Company 25-Oct-16 26 Due
ORDS Ooredoo 30-Oct-16 31 Due
Source: QSE
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 22.22% 32.11% (15,390,257.38)
Qatari Institutions 29.26% 27.51% 2,725,057.29
Qatari 51.48% 59.62% (12,665,200.09)
GCC Individuals 0.63% 0.23% 625,020.45
GCC Institutions 11.53% 10.48% 1,628,976.95
GCC 12.16% 10.71% 2,253,997.40
Non-Qatari Individuals 8.16% 8.96% (1,254,122.15)
Non-Qatari Institutions 28.20% 20.71% 11,665,324.84
Non-Qatari 36.36% 29.67% 10,411,202.69

3. Page 3 of 5
News
Qatar
 QEWS transfers stake in Oman Phoenix – Qatar Electricity and
Water Company (QEWS) transferred its entire 9.75% stake in
Omani power company Phoenix Power to QEWS’s affiliate Nebras
Power. This was announced by Phoenix Power in a regulatory
filing to the local bourse Muscat Securities Market. (Peninsula
Qatar)
 WEF: Qatar among top countries in global competitiveness list –
Qatar has been ranked 18th out of 138 countries as globally
competitive by the World Economic Forum (WEF) in 2016-17,
mainly on account of robust competitiveness in its macroeconomic
framework. Qatar scored 5.23 points in 2016-17, topping the Gulf
Cooperation Council (GCC) region for efficiency in many areas
such as macroeconomic environment, financial market
development, innovation, health, primary & higher education, and
training. However, Doha slipped four positions from the 14th rank
in the Global Competitiveness Report of 2015-16 to stand behind
the UAE, said the WEF, whose local partners in Qatar are the Qatari
Businessmen Association and the Qatar University, specifically the
Social and Economic Research institute. (Gulf-Times.com)
 Petrol to become cheaper by Dh5 a liter in October – Petrol prices
in Qatar will come down by Dh5 a liter for the second month in
October. There will not be any change in the diesel price in
October. An announcement by the Ministry of Energy & Industry
showed that the 91-Premium gasoline will cost QR1.25/liter
(QR1.3 now) and Super QR1.35 (QR1.4) in October. Diesel,
however, will remain unchanged at QR1.4/liter in October. Fuel
prices in Qatar were allowed to fluctuate in response to changes in
the global market from May 1, 2016. A special committee
comprising representatives from various government bodies
review fuel prices (gasoline and diesel) every month and make
recommendations on proposed prices for the local market. The
monthly revision in local fuel prices followed the government’s
decision on fuel subsidy reforms in Qatar. (Gulf-Times.com)
 MDPS: Qatar records QR8.7bn foreign merchandise trade surplus in
August 2016 – The Ministry of Development Planning and
Statistics (MDPS) has released preliminary figures of the value of
exports of domestic goods, re-exports and imports for August
2016. The Preliminary figures show that the total exports of goods
(including exports of goods of domestic origin and re-exports)
amounted to around QR18.1bn in August 2016, showing a
decrease of 23.4% as compared to August 2015 and an increase by
11.0% as compared to July 2016. On the other hand, imports of
goods in August 2016 amounted to around QR9.4bn, showing a
decrease of 6.9% over August 2015. Imports decreased by 2.1% on
MoM basis also. The foreign merchandise trade balance, which
represents the difference between total exports and imports,
showed a surplus of QR8.7bn, i.e. a decrease of about QR4.8bn or
35.7% in August 2016 as compared to August 2015 and an
increase of around QR2.0bn or 29.8% as compared to July 2016.
(Bloomberg)
 QA-British Airways deal to benefit passengers – Qatar Airways
(QA) and British Airways’ parent company, International Airlines
Group (IAG), have concluded a business agreement that would
benefit their customers through better fares, wider choice of
flights and an enhanced network. The deal between IAG and its
largest shareholder QA will come into effect on October 30, 2016.
Crucially, the partnership will allow the carriers to provide
passengers with better links and an even more seamless travel
experience in the UK, Asia, Middle East and Africa. The joint
business will see the two airlines code-share on all non-stop flights
between the UK and Doha to offer customers a combined route
network that will serve over 70 destinations. The new partnership
will offer seven daily non-stop services between the airlines’ hubs
of London and Doha. (Gulf-Times.com)
 QA launches flight to Windhoek – Windhoek, the capital of Namibia,
welcomed the first Qatar Airways (QA) flight at its international
airport from Doha. A VIP delegation from Doha, including QA Chief
Commercial Officer Dr. Hugh Dunleavy and Namibia’s ambassador
to Qatar Japhet Isaack, was greeted at the aircraft by Namibia
Tourism Board CEO Digu Naobeb and Qatar’s ambassador to South
Africa Salem Abdullah Sultan al-Jaber. (Gulf-Times.com)
International
 IMF Chief sees lower US growth, calls trade barriers 'malpractice' –
International Monetary Fund (IMF) Managing Director Christine
Lagarde, said that the institution would lower its 2016 US growth
forecast again and called policies that restrict trade “economic
malpractice” that would choke off growth. Lagarde, in prepared
remarks at Northwestern University ahead of next week’s IMF and
World Bank annual meetings, said the US growth forecast would
be reduced again because of economic setbacks in 1H2016. The
IMF in July had cut its 2016 US growth forecast to 2.2% from 2.4%
based on weak 1Q2016 growth. Lagarde said Japan and Europe
were seeing sub-par growth, but the picture did not appear to be
deteriorating. Meanwhile, she said China and India would continue
to do relatively better, growing at around 6% and more than 7%,
respectively, while recession-wracked Brazil and Russia were
starting to show some signs of improvement. (Reuters)
 Fed's Yellen says holding one banking rule, capital surcharge, in
place – Federal Reserve Chairperson Janet Yellen told Congress
that the regulator had no plans to lighten a capital standard in its
review of how to 'stress test' the largest US banks. At issue is a
capital 'surcharge' on the largest banks that do not satisfy the Fed
that they can weather a severe economic downturn. Yellen said
"We are not reconsidering, at this time, calculation of the
surcharges." The surcharge requires banks to hold more capital to
weather an economic downturn rather than return that wealth to
investors. (Reuters)
 US core capital goods orders rise for third straight month – New
orders for non-military US capital goods other than aircraft rose
for a third straight month in August, a positive signal for the
business investment outlook. The Commerce Department said new
orders for the category, which includes goods like motor vehicles
and machinery and is a closely watched proxy for business
spending plans, increased 0.6% in August. Economists polled by
Reuters had forecast these so-called core capital goods orders
falling 0.2%. The government downwardly revised its estimate for
those orders in July to a 0.8% gain from the previously reported
1.5% increase. Business spending has contracted since the
4Q2016, in part as companies slashed capital spending budgets in
response to lower oil prices. (Reuters)
 German consumer morale falls slightly heading into October –
According to a survey, the mood among German consumers
worsened slightly heading into October but remains at one of the
highest levels in more than a decade, suggesting that private
consumption is likely to compensate for weakening exports. The
consumer sentiment indicator, published by the Nuremberg-based
GfK institute and based on a survey of around 2,000 Germans, fell
to 10.0 going into October. A Reuters poll had expected unchanged
at 10.2. Record-high employment, rising real wages and ultra-low
borrowing costs are boosting the spending power of Germans.
(Reuters)
 German institutes revise up 2016 growth forecast to 1.9% –
According to sources, Germany's leading economic institutes have
revised up their 2016 growth forecast for Europe's largest
economy to 1.9% from 1.6%. The institutes revised down their

4. Page 4 of 5
estimate for 2017 growth to 1.4% from their previous forecast of
1.5%. The German economy expanded by 1.7% in 2016. The
institutes are due to publish their report on the outlook for the
economy. The institutes' forecasts form the basis for the
government's own predictions. (Reuters)
 INSEE: French consumer confidence steady in September – The
official INSEE statistics agency said that French consumer
confidence held steady in September from August at 97 in line
with expectations. INSEE's monthly consumer confidence survey
found that households' outlook for their standards of living
improved slightly in September while concerns about
unemployment eased slightly. (Reuters)
Regional
 OPEC agrees to cut oil output – OPEC agreed modest oil output cut,
the first such deal since 2008. Iranian Oil Minister, Bijan Zanganeh
said, “OPEC made an exceptional decision today... After two and a
half years, OPEC reached consensus to manage the market.”
Zanganeh added “we have decided to decrease the production
around 700,000 bpd.” (Gulf-Times.com)
 Saudi Arabia megabond at risk of 9/11 legislation delay – Saudi
Arabia’s first international bond may be delayed by a US vote on
account of legislation that would allow the families of 9/11 victims
to sue the Arab country. The country is reportedly planning to sell
at least $10bn of bonds in October. (Bloomberg)
 KSA executes $300bn worth of projects defying regional recession –
Chairman of the National Committee for Contractors at the Council
of Saudi Chambers, Fahad Mohammed Al-Hammady stated that
Saudi Arabia is currently executing projects worth $300bn, defying
the global and regional trends of recession. Saudi Arabia’s
government is also supporting several projects, while it is
reviewing a large number of projects also. (GulfBase.com)
 NOMW Capital to build four-star hotel in Makkah – NOMW Capital,
one of the leading integrated investment companies in KSA and
the Middle East region, recently acquired a plot of land for
SR115mn in the Jarwal region of Makkah. The company will
greatly benefit from the land plot’s potential for religious tourism,
given that it is located no more than 1.6 kilometers away from the
Grand Mosque. NOMW Capital will make use of its NOMW Eskan
Real Estate Fund to build a four-star hotel managed by a global
brand to house the yearly influx of pilgrims. (Bloomberg)
 Eros International Media signs deal with UAE Phars Film – Eros
International has tied up with UAE Phars Film for co-production &
distribution of Malayalam movies. The deal licenses Phars Film to
use distribution of Malayalam movies overseas. (Reuters)
 Dubai inflation falls in August – Dubai’s consumer inflation eased to
2.5% YoY in August 2016 as compared to 3.0% YoY in July 2016.
Housing and utility costs rose 4.7% YoY, while food and beverage
prices climbed 2.7% in August. (Reuters)
 DEWA awards tender for first building in UAE to be fully printed
onsite – Dubai Electricity and Water Authority (DEWA) has
awarded Convrgnt Value Engineering the tender to design and
construct the first building in the UAE to be fully printed onsite
and the first 3D-printed laboratory building in the world. The
laboratory will be built as part of the Research & Development
(R&D) centre at the Mohammed bin Rashid Al Maktoum Solar Park
and will conduct research on drones and 3D-printing technology.
(Bloomberg)
 Cosco Shipping signs $738mn deal to expand UAE port – Cosco
Shipping Co., a unit of China’s biggest shipping group, agreed to
build and operate a new container terminal in Abu Dhabi, securing
a foothold in the Gulf with a $738mn deal that would more than
double the cargo-handling capacity at Khalifa port. The company
signed an accord with state-run Abu Dhabi Ports Co. to invest in a
planned second terminal at Khalifa, boosting the port’s capacity to
about 6mn 20-foot containers from 2.5mn currently. (Bloomberg)
 KPC to spend $112bn on oil & energy projects over 5 years –
Managing Director of Kuwait Petroleum Corporation (KPC), Wafaa
Al-Zaabi said that the company will spend approximately $60bn on
oil-production projects over the next 5 years and the remainder on
refinery, petrochemical and natural gas facilities. KPC will start its
first offshore drilling for oil & gas in 2017. (Bloomberg)
 Al Batinah Development & Investment Holding to make new
investments – Al Batinah Development & Investment Holding’s
board of directors approved a proposal for the company to engage
in new investments with total value of OMR500,000. The company
will utilize the above mentioned amount in the establishment of a
new factory for water purification, bottling and distribution of
natural drinking water, soft drinks and juices in Saham - North Al
Batinah. The company will also acquire 75% stake in one of the
specialized medical centers which operate in Muscat in
partnership with other partners. (MSM)
 Wastewater services to cover 80% of Muscat by 2022 – CEO of Haya
Water, Hussain Hassan AbdulHussain said that wastewater
services will reach 80% of the areas in the Muscat Governorate by
2022. AbdulHussain added that due to growth in population and
increase in the number of residential units in the governorate,
there has been a significant demand for more wastewater services.
This has led to an increase in projects expansion and extension in
execution time. (Bloomberg)
 Investcorp to distribute $700mn to investors – Investcorp, a
leading provider and manager of alternative investment products,
announced projected investment distributions of over $700mn to
investors (including itself) in 1Q2017. This follows a series of
successful exits over the period and during the fiscal year that
ended on June 30, 2016. (GulfBase.com)
 Bahrain's Diyar Al Muharraq secures $366mn Islamic financing –
Bahrain-based real estate developer Diyar Al Muharraq said that it
had secured $366mn in Islamic financing from four banks to
develop a new housing project. The funds will be used to help
develop the 1.2mn square meter Deerat Al Oyoun project, a
residential community with a first phase planned for completion in
February 2018. (Reuters)
 JV announced for Bahrain Cinema Company and Majid Al Futtaim
Cinemas – Bahrain Cinema Company and Majid Al Futtaim
Cinemas have announced a joint venture (JV) which will operate
and expand the current 8,000 square meter cinema at Majid Al
Futtaim’s City Centre Bahrain in Manama. The joint venture will be
owned 50% by Bahrain Cinema Company and 50% by Majid Al
Futtaim Cinema Bahrain. (Bahrain Bourse)

5. 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
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services Co. WLL One Person Company (“QNBFS”) a wholly-owned subsidiary of QNB SAQ (“QNB”). QNBFS is
regulated by the Qatar Financial Markets Authority and the Qatar Exchange QNB SAQ 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. For reports dealing with Technical Analysis, expressed opinions and/or
recommendations may be different or contrary to the opinions/recommendations of QNBFS Fundamental Research as a result of depending solely on the historical technical data (price and volume).
QNBFS reserves the right to amend the views and opinions expressed in this publication at any time. It may also express viewpoints or make investment decisions that differ significantly from, or even
contradict, the views and opinions included in this report. This report may not be reproduced in whole or in part without permission from QNBFS.
COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS.
Page 5 of 5
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
(3.4%)
(0.1%) (0.2%)
0.2%
(0.4%) (0.5%) (0.4%)
(4.0%)
(3.0%)
(2.0%)
(1.0%)
0.0%
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 1,321.52 (0.4) (1.2) 24.5 MSCI World Index 1,725.63 0.3 (0.2) 3.8
Silver/Ounce 19.19 0.2 (2.5) 38.5 DJ Industrial 18,339.24 0.6 0.4 5.2
Crude Oil (Brent)/Barrel (FM Future) 48.69 5.9 6.1 30.6 S&P 500 2,171.37 0.5 0.3 6.2
Crude Oil (WTI)/Barrel (FM Future) 47.05 5.3 5.8 27.0 NASDAQ 100 5,318.55 0.2 0.2 6.2
Natural Gas (Henry Hub)/MMBtu 2.98 (1.8) (1.8) 28.8 STOXX 600 342.57 0.6 (1.0) (3.4)
LPG Propane (Arab Gulf)/Ton 52.00 2.0 (0.5) 32.9 DAX 10,438.34 0.7 (2.0) (0.2)
LPG Butane (Arab Gulf)/Ton 68.25 3.4 1.9 18.7 FTSE 100 6,849.38 0.5 (0.6) (3.1)
Euro 1.12 0.0 (0.1) 3.3 CAC 40 4,432.45 0.7 (1.5) (1.4)
Yen 100.69 0.3 (0.3) (16.2) Nikkei 16,465.40 (1.5) (1.3) 3.7
GBP 1.30 (0.0) 0.4 (11.7) MSCI EM 912.19 0.1 (0.6) 14.9
CHF 1.03 (0.0) (0.1) 3.2 SHANGHAI SE Composite 2,987.86 (0.5) (1.6) (17.9)
AUD 0.77 0.3 0.9 5.6 HANG SENG 23,619.65 0.2 (0.2) 7.7
USD Index 95.43 (0.0) (0.0) (3.2) BSE SENSEX 28,292.81 0.2 (1.0) 7.9
RUB 63.08 (0.9) (1.6) (13.0) Bovespa 59,355.77 1.3 0.6 66.8
BRL 0.31 0.5 0.8 23.1 RTS 975.31 0.2 (1.9) 28.8
125.8
92.3
91.69
1.6