1. Page 1 of 5
QSE Intra-Day Movement
Qatar Commentary
The QSE Index declined 0.2% to close at 11,858.3. Losses were led by the
Insurance and Transportation indices, falling 1.4% and 0.8%, respectively. Top
losers were Gulf Warehousing Co. and Qatar Islamic Insurance Co., falling
2.2% and 1.8%, respectively. Among the top gainers United Development Co.
and Qatar Cinema & Film Distribution Co. were up 1.2% each.
GCC Commentary
Saudi Arabia: The TASI Index rose 1.3% to close at 9,644.6. Gains were led
by the Energy & Utilities and Industrial Investment indices, rising 3.5% and
2.5%, respectively. THIMAR rose 9.9%, while Halwani Bros. Co. was up 4.7%.
Dubai: The DFM Index gained 0.6% to close at 4,098.3. The Financial & Inv.
Ser. index rose 1.1%, while Real Estate & Construction index gained 1.0%. Al-
Madina for Finance and Inv. rose 7.7%, while Gulf Navigation was up 2.8%.
Abu Dhabi: The ADX benchmark index fell 0.3% to close at 4,542.3. The
Energy index declined 2.9%, while the Invest. & Fin. Services index fell 1.5%.
Arkan Building Materials fell 6.4%, while National Takaful Co. was down 4.7%.
Kuwait: The KSE Index rose 0.1% to close at 6,290.2. The Consumer
Services index gained 1.7%, while the Basic Material index rose 0.7%. Kuwait
National Cinema gained 10.0%, while Al-Massaleh Real Estate was up 8.2%.
Oman: The MSM Index rose 0.1% to close at 6,488.8. The Financial index
gained 0.2%, while the Service index rose marginally. Oman Edu. & Trin. Inv.
Holding gained 7.4%, while Oman Fisheries was up 3.6%.
Bahrain: The BHB Index declined marginally to close at 1,367.3. The
Insurance index fell 2.8%, while the Services index declined 0.8%. Bahrain &
Kuwait Insurance Co. fell 8.7%, while Nass Corporation was down 1.8%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
United Development Co. 23.70 1.2 304.2 0.5
Qatar Cinema & Film Distrib. Co. 42.00 1.2 0.8 5.0
Qatar National Cement Co. 119.60 0.8 0.6 (0.3)
QNB Group 186.20 0.8 93.5 (12.5)
Zad Holding Co. 100.80 0.8 4.5 20.0
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Barwa Real Estate Co. 51.90 0.6 1,084.3 23.9
Ezdan Holding Group 16.90 (1.1) 579.6 13.3
United Development Co. 23.70 1.2 304.2 0.5
Vodafone Qatar 16.10 0.8 185.6 (2.1)
Masraf Al Rayan 45.25 (1.0) 178.6 2.4
Market Indicators 14 June 15 11 June 15 %Chg.
Value Traded (QR mn) 154.3 214.6 (28.1)
Exch. Market Cap. (QR mn) 631,625.4 631,952.0 (0.1)
Volume (mn) 3.5 4.7 (24.1)
Number of Transactions 2,378 3,097 (23.2)
Companies Traded 41 40 2.5
Market Breadth 18:20 20:19 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 18,428.45 (0.2) (0.2) 0.6 N/A
All Share Index 3,174.21 (0.2) (0.2) 0.7 13.4
Banks 3,121.97 0.1 0.1 (2.6) 14.1
Industrials 3,849.84 0.0 0.0 (4.7) 13.6
Transportation 2,443.71 (0.8) (0.8) 5.4 13.5
Real Estate 2,651.01 (0.3) (0.3) 18.1 9.3
Insurance 4,682.55 (1.4) (1.4) 18.3 21.6
Telecoms 1,178.14 (0.6) (0.6) (20.7) 23.7
Consumer 7,424.23 (0.0) (0.0) 7.5 28.8
Al Rayan Islamic Index 4,607.46 (0.4) (0.4) 12.3 14.0
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
Al Ahli Bank of Kuwait Kuwait 0.38 7.1 1,535.8 (8.5)
Saudi Electricity Co. Saudi Arabia 18.30 4.0 6,932.9 22.8
Fawaz Al Hokair & Co. Saudi Arabia 104.20 3.9 272.6 5.3
Saudi Ind Inv. Group Saudi Arabia 27.93 3.8 681.8 9.8
Nama Chemicals Co. Saudi Arabia 11.94 3.8 1,320.6 11.6
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
Abu Dhabi Nat. Energy Abu Dhabi 0.70 (4.1) 103.6 (12.5)
Bank of Sharjah Abu Dhabi 1.60 (3.6) 108.4 (14.1)
Dana Gas Abu Dhabi 0.43 (2.3) 1,924.2 (14.0)
Gulf Warehousing Co. Qatar 74.00 (2.2) 0.3 31.2
Invest Bank Abu Dhabi 2.65 (1.9) 151.9 3.0
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%
Gulf Warehousing Co. 74.00 (2.2) 0.3 31.2
Qatar Islamic Insurance Co. 82.00 (1.8) 0.2 3.8
Dlala Brokerage & Inv. Hold. Co. 27.40 (1.8) 28.2 (18.1)
Qatar Insurance Co. 95.30 (1.8) 14.3 21.0
Doha Bank 52.00 (1.5) 97.4 (8.8)
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Barwa Real Estate Co. 51.90 0.6 56,372.3 23.9
QNB Group 186.20 0.8 17,257.2 (12.5)
Ezdan Holding Group 16.90 (1.1) 9,827.1 13.3
Widam Food Co. 63.50 0.8 8,856.0 5.1
Masraf Al Rayan 45.25 (1.0) 8,095.8 2.4
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* 11,858.32 (0.2) (0.2) (1.6) (3.5) 42.37 173,507.5 12.5 1.9 4.3
Dubai 4,098.29 0.6 0.6 4.5 8.6 276.35 99,968.7 9.5 1.5 5.3
Abu Dhabi 4,542.33 (0.3) (0.3) 0.3 0.3 35.27 122,439.2 11.5 1.4 4.9
Saudi Arabia 9,644.57 1.3 1.3 (0.5) 15.7 1,322.99 566,145.9 20.2 2.3 2.8
Kuwait 6,290.18 0.1 0.1 (0.0) (3.8) 69.90 96,429.2 16.0 1.1 4.2
Oman 6,488.82 0.1 0.1 1.6 2.3 3.66 24,851.9 9.4 1.4 4.0
Bahrain 1,367.31 (0.0) (0.0) 0.3 (4.2) 0.92 21,383.9 8.8 1.0 5.1
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)
11,800
11,820
11,840
11,860
11,880
11,900
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 0.2% to close at 11,858.3. The
Insurance and Transportation 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.
 Gulf Warehousing Co. and Qatar Islamic Insurance Co. were the
top losers, falling 2.2% and 1.8%, respectively. Among the top
gainers United Development Co. and Qatar Cinema & Film
Distribution Co. were up 1.2% each.
 Volume of shares traded on Sunday fell by 24.1% to 3.5mn from
4.7mn on Thursday. Further, as compared to the 30-day moving
average of 16.1mn, volume for the day was 78.0% lower. Barwa
Real Estate Co. and Ezdan Holding Group were the most active
stocks, contributing 30.6% and 16.4% to the total volume,
respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Earnings
Earnings Releases
Company Market Currency
Revenue
(mn) 1Q2015
% Change
YoY
Operating Profit
(mn) 1Q2015
% Change
YoY
Net Profit (mn)
1Q2015
% Change
YoY
Oman Education and
Training Investment holding
Co. (OETI)*
Oman OMR 11.3 10.1% – – 0.8 608.9%
Source: Company data, DFM, ADX, MSM (*3Q2014-15 results)
News
Qatar
 Qatar real estate sector heads for soft landing – After
heating up to its best pace over the past several months, Qatar’s
real estate sector is headed for a soft landing. Recent analysis
based on market research and official data suggest the market
is likely to experience a slowdown after a robust growth.
According to the Qatar Central Bank (QCB), the real estate price
index, transaction prices at 2014-end were 34.7%, higher than
the previous year. With land and villa prices continuing to
appreciate YoY, the average index level for 2014 (229.8) is
19.6%, higher than the index peak of August 2008 (192.2).
However, the residential prices, the only subcomponent to
register a decline in prices over 2014, fell 20% YoY. The
country’s latest economic outlook by the Ministry of
Development Planning & Statistics (MDPS) forecasted that
annual inflation would average 2% in 2015, down from 3.3% in
2014. In part, the subdued inflation outlook is explained by a
lower weight of the housing and utilities component of the index,
which has been the principal driver of consumer price inflation in
the past two years. This growth component is expected to
moderate over 2015 and this will bring down headline inflation.
Further, MDPS said construction sector’s growth pace, predicted
to expand by 13.6% in 2015, will slow as emphasis moves to
complete existing investments rather than building new assets.
(Peninsula Qatar)
 QFBA launches Kafa’a initiative – The Qatar Finance &
Business Academy (QFBA) has launched the Kafa’a initiative to
elevate and advance Qatar’s financial services sector. Kafa’a is
designed as a training & competency framework and will bring
together the sector’s entities and regulators. It will serve as an
open and collaborative platform, evolving the capabilities and
knowledge of industry professionals to match global standards
through strategically defined qualifications and targeted training
programs. (Gulf-Times.com, GulfBase.com)
 ORDS eyes data lead as key growth driver – Ooredoo
(ORDS) has said its data leadership positions in key markets will
ensure success in the fast-moving telecommunications sector,
and is looking to build these positions as demand for mobile and
fixed internet continues to rise in 2015. The company held data
leadership positions in five out of nine key markets in 2014 –
Algeria, Iraq, Qatar, Tunisia and the Maldives. ORDS has been
driving data monetization initiatives across its markets to
increase data uptake and drive profitable revenue growth, as
well as to effectively capitalize on its major capital expenditure
(capex) investments. (Gulf-Times.com)
 Government lines up futuristic plan to prepare Qataris for
knowledge-based economy – The government has come out
with a futuristic plan to prepare Qataris for skilled professions as
part of efforts to develop a knowledge-based economy. Minister
of Administrative Development, HE Dr. Issa Saad Al Jaffali Al
Nuaimi said as per the plan, in the next ten years, the
government will provide scholarships to 21,386 students and
employees in government bodies, both at universities within the
state and abroad in various disciplines. The disciplines include
medicine, engineering, computer science, financial
management, economy, tourism, media & public relations,
communications, aviation and other. (Peninsula Qatar)
 QA Cargo sets growth record in German market despite
challenges – Qatar Airways (QA) Cargo continues to grow in
the German market despite challenges to gain more traffic
rights, and so far in 2015, the airline has achieved a “growth
record” with traffic 48% above 2014. QA’s Chief Officer (Cargo)
Ulrich Ogiermann said, “QA Cargo launched services to
Germany in 1998 and serves three cities, Berlin, Frankfurt and
Munich from its Doha hub.” (Gulf-Times.com)
 SIIS holds follow-up meeting – Salam International Investment
Limited (SIIS) held its meeting on June 14, 2015 to follow up on
the implementation of already resolved board resolutions,
Overall Activity Buy %* Sell %* Net (QR)
Qatari 68.78% 73.06% (6,608,911.36)
GCC 3.98% 4.42% (679,257.39)
Non-Qatari 27.24% 22.52% 7,288,168.75

3. Page 3 of 5
business plans and budget achievement of SIIS’ subsidiaries
and business units. (QSE)
International
 London leads UK house prices to record in post-election
surge – Asking prices for London homes surged to a record in
June 2015, with gains led by the city’s most expensive districts
after the Conservative Party’s election victory. According to
property website operator Rightmove, prices rose 5.7% to over
£600,000, with Kensington and Chelsea up 25%. Nationally,
asking prices increased 3% to £294,351, also a record.
Rightmove said while sellers at the top end of the market
returned in response to the election result, a broad increase in
supply to help satisfy demand and temper house-price inflation
has not yet materialized. The number of new properties coming
to market was down 8.5% YoY and 3.9% less than in May.
Rightmove Director Miles Shipside said the government must
urgently deliver more new-build homes. (Bloomberg)
 Greece fails to reach deal with creditors in last attempt –
Talks on ending a deadlock between Greece and its
international creditors broke up in failure on Sunday, with
European leaders venting their frustration as Athens stumbled
closer toward a debt default that threatens its future in the euro.
The European Union (EU) officials blamed the collapse on
Athens, saying it had failed to offer anything new to secure the
funding it needs to repay €1.6bn to the International Monetary
Fund by the end June 2015. Athens insists it will never give in to
demands for more pension and wage cuts. The EU's executive
Commission said the eurozone finance ministers would now
tackle the issue when they meet on June 18. Failure to keep
Greece in the euro, after years of arduous negotiations and two
emergency bailouts totaling €240bn, would send it lurching into
the unknown and mark a historic blow to the EU's most
ambitious project. (Reuters)
 China to pledge multi-billion dollar investment in EU
infrastructure fund – Reuters, referring to a draft communiqué,
reported that China will pledge a multi-billion dollar investment in
Europe's new infrastructure fund at a summit on June 29 in
Brussels, Beijing's latest round of chequebook diplomacy to win
greater influence. It is expected to come with a request for return
investment in China's westward infrastructure drive - the "One
Belt, One Road" initiative - constructing major energy and
communications links across Central, West and South Asia to as
far as Greece. While the exact amount is still to be decided, the
pledge will mark the latest step in China's efforts to shape global
economic governance at the expense of the United States, and
follows major EU governments' decision to join the Chinese-led
Asian Infrastructure Investment Bank (AIIB) in defiance of
Washington. (Reuters)
Regional
 Najran Cement completes SR400mn Sukuk issue – Najran
Cement Company has issued Shari’ah-compliant Sukuk for a
total nominal value of SR400mn. The Sukuk were offered by
way of private placement at their nominal value for a five-year
term. The expected Sukuk returns have been set at 3-month
SAIBOR + 1.4%. (Tadawul)
 La Tribune: Airbus poised to sell A330 wide-body jet to
Saudia – According to La Tribune, Airbus is close to striking a
deal to sell a shorter range version of its A330 wide-body jet to
Saudi Arabian Airlines (Saudia). The deal, set to be announced
at the June 15-21, 2015 Paris Airshow, would be the first order
for the A330 regional jet. (Reuters)
 Petrorabigh unit repairs to affect 2Q2015 results – Rabigh
Refining & Petrochemical Company (Petrorabigh) said that the
maintenance work at its facility will affect its 2Q2015 results by
SR69mn. The repairs to its hydrogen unit are complete and it
resumed operations. (GulfBase.com)
 IDB to finance $200mn electricity line in Mozambique – The
Islamic Development Bank (IDB) has formalized funding of
$200mn to build an electricity transmission line from the
Chimuara substation, on the north bank of the Zambezi River to
the northern Mozambican port of Nacala. Meanwhile, IDB’s
private sector arm, Islamic Corporation for the Development of
the Private Sector (ICD), has signed an agreement with Banque
Commerciale du Chari (BCC) for the establishment of an Islamic
window. (GulfBase.com)
 ICAEW: KSA needs fiscal sustainability in longer term –
According to a new report commissioned by ICAEW titled
“Economic Insight: Middle East Q2 2015” produced by Cebr,
ICAEW’s partner and economic forecaster, although Saudi
Arabia has substantial financial reserves to withstand low oil
prices over the next few years, the recent government spending
has intensified the need for longer term fiscal, environmental
and resource sustainability in the Kingdom. Lower oil prices will
have a greater impact on Saudi Arabia’s economic growth over
the medium rather than the short-term. The report undertakes a
quarterly review of the Middle East, focusing on the GCC region
as well as Egypt, Iran, Iraq, Jordan and Lebanon (abbreviated to
GCC+5). As a result of the government’s decision to allocate
additional funding to social activities like education, the
breakeven crude oil prices have surged from just under $75 in
2009 to $90 in 2015. (GulfBase.com)
 TPI, Boeing to set up aerospace plant in UAE – UAE-based
Tawazun Precision Industries (TPI) has partnered with Boeing to
break ground on its new aerospace surface treatment plant in
Abu Dhabi, UAE. TPI CEO Saif Al Hajeri said that the project will
create high value jobs in the UAE, and provide it an opportunity
to produce complex metallic assemblies for Boeing, its suppliers
and other aerospace original equipment manufacturers (OEMs)
around the world. (GulfBase.com)
 DI announces support to DAC with 2,000sqm of glass for
new premises – Dubai Investments (DI) has announced its
support to Dubai Autism Center (DAC) with 2,000 square meters
(sqm) of glass products from its subsidiary Emirates Glass for
use in the construction of DAC’s new custom-built premises.
This move reinforces DI’s commitment to the community in line
with its CSR strategy. (DFM)
 DEWA completes adjustment of 132kV cable paths in
Business Bay – Dubai Electricity and Water Authority (DEWA)
has completed adjustment of the 132kV cable paths to the
electricity and water service tunnels that cross under the
Business Bay canal to the tourist areas in Al Safa and Jumeirah
ahead of the schedule cost of AED125mn. (GulfBase.com)
 Knight Frank: Dubai house prices down by approximately
4% in 1Q2015 – Knight Frank's Global House Price index has
ranked Dubai 53rd out of 56 property markets analyzed for
annual price growth. As per the report, Dubai's real estate
market was one of the worst performing in the world during
1Q2015 with house prices down by around 4%. The real estate
sector in Dubai has been among the most volatile globally over
the past decade, swinging from boom to bust to boom again.
(GulfBase.com)
 Emirates NBD progressively increasing exposure to Saudi
market – Emirates NBD has been progressively increasing its
exposure to Saudi Arabia even as it expects a short-term
consolidation before some profit-taking. The Saudi market
trades about $2mn a day as compared to $300mn for the UAE,

4. Page 4 of 5
and is very well represented in terms of companies and across
sectors, including petrochemicals, health care, banks, telecoms,
insurance, cement companies, consumer durables and real
estate. On an average, Emirates NBD Asset Management has
an exposure of 40-45% in Saudi Arabia over its conventional
strategies. (GulfBase.com)
 RTA eyes 421km Dubai Metro tracks by 2030 – Dubai's
Roads and Transport Authority (RTA) is planning to extend the
metro tracks to 110 kilometers (km) by 2020, then take it further
to 200km by 2025 and finally double up to 421km by 2030. The
RTA is moving ahead with its strategic plan for uplifting the
public transport systems with the aim of raising the share of
public transport trips to 20% over the next five years and
pushing it further to 30% by 2030. (GulfBase.com)
 MRE appoints Chief Investment & Commercial Officer –
Manazel Real Estate (MRE) has appointed Waleid Gamal Eldien
as its Chief Investment & Commercial Officer within its C suite
management team. (ADX)
 SCAD: Consumer prices rose 0.2% in Abu Dhabi in May –
According to the Statistics Center Abu Dhabi (SCAD), consumer
prices in Abu Dhabi edged up 0.2% in May 2015 as compared to
April 2015. The food & beverage category increased by 2.8% in
May 2015 as compared to April 2015. Abu Dhabi region
accounted for major share of the inflation rate, contributing
71.6% of the overall increase, followed by Al Ain (18.7%), and
the Western Region (9.7%). In terms of welfare level, the SCAD
report showed an increase of 0.5% in consumer prices for
households of bottom welfare quintile, and 0.4% for households
of the middle welfare level. (GulfBase.com)
 NBAD fixes 38th coupon payment rate at 0.99571% –
National Bank of Abu Dhabi (NBAD) announced that the coupon
rate for the 38th coupon payment related to ‘NBAD subordinate
notes due 2016’ for the period from June 15 to September 15,
2015 will be fixed at 0.99571%. (ADX)
 ADFD signs AED33mn loan agreement for hybrid solar
project in Mali – Abu Dhabi Fund for Development (ADFD) has
signed an AED33mn loan agreement with the Government of
Mali to finance a hybrid solar energy project in Mali. The project
aims to contribute to the economic development of Mali through
the optimal deployment of its renewable energy resources,
reducing the cost of electricity on Mali where power generation
is largely dependent on diesel. (GulfBase.com)
 UAB Deputy CEO retires after 40 years – United Arab Bank’s
(UAB) founding executive staff member and Deputy Chief
Executive Officer (CEO), Mr. Awni Al Alami has announced his
retirement after 40 years at the bank. (GulfBase.com)
 Kuwait bank lending growth rose to 5% YoY in April 2015 –
According to Kuwait’s central bank data, Kuwait's M2 money
supply growth rose to 5.8% YoY in April 2015 from 3.6% in
March 2015. The bank’s lending growth to the private sector
rose to 5% from 4.4%. (Reuters)
 Garuda mandates Warba Bank for inaugural international
Sukuk issue – Kuwait-based Warba Bank was mandated by
Garuda Indonesia, Indonesia’s flagship carrier, as joint lead
manager and joint book runner for its inaugural international
Sukuk issue. On May 27, Garuda Indonesia had priced a
$500mn five-year Sukuk offering with a coupon of 5.95%. The
subscription diversified by geography, 56% of the deal was
allocated to the Middle East, followed by 32% to Asia and the
remaining 12% to investors in Europe. (GulfBase.com)
 Renaissance Services board approves repurchase of MCB –
Renaissance Services’ board of directors has approved a
scheme for the buyback of the mandatory convertible bonds
(MCB) issued by the company in July 2012. The scheme will be
presented to the company’s shareholders for their approval at
an extraordinary general meeting and to the MCB holders for
their approval at the MCB holders’ general meeting. Moreover,
the board has also approved the issuance of perpetual notes by
the company’s wholly-owned overseas subsidiary to fund the
scheme. The perpetual notes will be issued to major local and
regional institutional investors. The purpose of the scheme is to
create an additional option for MCB holders, where they can opt
for cash in place of shares in the company. The MCBs will be
bought back, depending on the financing arrangements in place.
The scheme will provide the agreed rate of return on the MCB’s
up to the date of the buyback. The record date for the first
buyback is July 25, 2015 and the buyback price for this first
repurchase will be OMR0.170. (MSM)
 Phoenix Power OMR56.3mn float heavily oversubscribed –
Phoenix Power Company’s flotation has been heavily
oversubscribed, attracting over OMR1bn of bids from investors.
The company sought to raise OMR56.3mn by offering a 35%
stake in an offer open to both local and international investors,
which will run until June 8, 2015. The shares are expected to
start trading on Oman's bourse on June 22, 2015.
(GulfBase.com)
 Bank Sohar, QNBK sign $77.5mn syndicated loan for Dalma
Energy – Bank Sohar and QNB Group (QNBK) have signed a
syndicated loan worth $77.5mn for Dalma Energy International’s
oil drilling rig project. The project oversees the construction of
three 1,500 HP drilling rig packages to be deployed by Dalma
Energy with Saudi Aramco from Saudi Arabia, while the supplier
of the drilling rig is Shandong Kerui from China. (GulfBase.com)
 Batelco upgrades entire network system – Bahrain
Telecommunications Company (Batelco) is upgrading its entire
network system including its 4G and 3G networks to provide
faster mobile broadband connections with superior quality. The
upgrades will enhance the mobile coverage throughout the
whole Kingdom. This move will enable Batelco to meet the high
expectations of its subscribers. (Bahrain Bourse)
 ABC rebrands to Bank ABC – Arab Banking Corporation
(ABC) has revamped its corporate identity and changed its
brand name to Bank ABC. The legal names of the Arab Banking
Corporation and its subsidiaries will not change. (GulfBase.com)

5. Contacts
Saugata Sarkar Sahbi Kasraoui QNB Financial Services SPC
Head of Research Head of HNI Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6534 Tel: (+974) 4476 6544 PO Box 24025
saugata.sarkar@qnbfs.com.qa sahbi.alkasraoui@qnbfs.com.qa Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services SPC (“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
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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
200.0
220.0
May-11 May-12 May-13 May-14 May-15
QSEIndex S&PPan Arab S&PGCC
1.3%
(0.2%)
0.1%
(0.0%)
0.1%
(0.3%)
0.6%
(1.0%)
0.0%
1.0%
2.0%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,181.65 (0.0) 0.8 (0.3) MSCI World Index 1,770.17 (0.5) 0.6 3.5
Silver/Ounce 15.97 (0.5) (0.3) 1.7 DJ Industrial 17,898.84 (0.8) 0.3 0.4
Crude Oil (Brent)/Barrel (FM
Future)
63.87 (1.9) 0.9 11.4 S&P 500 2,094.11 (0.7) 0.1 1.7
Crude Oil (WTI)/Barrel (FM
Future)
59.96 (1.3) 1.4 12.6 NASDAQ 100 5,051.10 (0.6) (0.3) 6.7
Natural Gas (Henry
Hub)/MMBtu
2.76 (3.7) 8.1 (7.7) STOXX 600 389.38 (0.6) 1.4 5.9
LPG Propane (Arab Gulf)/Ton 41.50 0.9 23.4 (15.3) DAX 11,196.49 (0.9) 1.3 5.9
LPG Butane (Arab Gulf)/Ton 55.25 (0.7) 8.6 (15.6) FTSE 100 6,784.92 (0.5) 1.5 3.2
Euro 1.13 0.1 1.4 (6.9) CAC 40 4,901.19 (1.1) 0.9 6.9
Yen 123.39 (0.0) (1.8) 3.0 Nikkei 20,407.08 0.3 1.5 13.2
GBP 1.56 0.3 1.9 (0.1) MSCI EM 979.46 0.3 (0.3) 2.4
CHF 1.08 0.5 1.2 7.1 SHANGHAI SE Composite 5,166.35 0.8 2.7 59.7
AUD 0.77 (0.3) 1.4 (5.4) HANG SENG 27,280.54 1.4 0.1 15.6
USD Index 94.97 (0.0) (1.4) 5.2 BSE SENSEX 26,425.30 0.1 (1.2) (5.1)
RUB 55.23 0.8 (1.6) (9.1) Bovespa 53,347.53 (0.0) 2.1 (9.3)
BRL 0.32 (1.0) 1.0 (15.0) RTS 950.38 0.0 3.0 20.2
170.4
141.8
128.4