Qatar

1. Page 1 of 6
QSE Intra-Day Movement
Qatar Commentary
The QSE Index declined 0.3% to close at 11,503.7. Losses were led by the Consumer
Goods & Services and Transportation indices, falling 1.0% and 0.8%, respectively. Top
losers were Qatar German Co for Medical Devices and Qatar Fuel, falling 1.9% and 1.8%,
respectively. Among the top gainers, Doha Insurance Co. gained 5.4%, while Mannai Corp.
was up 1.9%.
GCC Commentary
Saudi Arabia: The TASI Index fell marginally to close at 7,547.8. Losses were led by the
Transport and Retail indices, falling 2.2% and 0.9%, respectively. Etihad Atheeb
Telecommunication fell 5.2%, while United Intern. Transportation was down 3.5%.
Dubai: The DFM Index gained 0.6% to close at 3,534.0. The Consumer Staples index
rose 2.5%, while the Financial & Investment Services index gained 1.3%. Takaful Al-
Emarat Insurance rose 9.0%, while Damac Properties was up 3.5%.
Abu Dhabi: The ADX benchmark index rose 0.4% to close at 4,504.6. The Consumer
Staples index gained 2.0%, while the Telecommunication index rose 1.8%. Methaq
Takaful Insurance Co. gained 4.4%, while Ras Al Khaimah Cement Co. was up 2.4%.
Kuwait: The KSE Index declined 0.6% to close at 5,733.8. The Consumer Services index
fell 1.3%, while the Consumer Goods index declined 1.1%. Kout Food Group fell 7.9%,
while Al Masaken International Real Estate Develop. was down 7.6%.
Oman: The MSM Index fell 0.4% to close at 5,772.8. Losses were led by the Industrial
and Financial indices, falling 0.8% and 0.5%, respectively. National Aluminium Product
fell 9.1%, while Al Madina Investment was down 3.5%.
Bahrain: The BHB Index declined 1.3% to close at 1,275.3. The Investment index fell
4.0%, while the Commercial Bank index declined 0.6%. Arab Banking Corporation fell
9.6%, while GFH Financial Group was down 5.9%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Doha Insurance Co. 24.77 5.4 1.1 (14.6)
Mannai Corp. 97.20 1.9 46.5 (10.8)
Widam Food Co. 53.00 1.3 9.5 (12.3)
Qatar National Cement Co. 103.60 1.3 3.5 (13.7)
Qatar Cinema & Film Distrib. Co. 40.00 1.3 0.0 0.0
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Mazaya Qatar Real Estate Dev. 16.00 0.3 1,458.8 (12.3)
Masraf Al Rayan 43.05 (0.1) 646.5 (2.6)
Ezdan Holding Group 18.59 (0.1) 642.0 24.6
Vodafone Qatar 13.54 (0.4) 315.8 (17.7)
Barwa Real Estate Co. 42.90 (1.0) 209.6 2.4
Market Indicators 15 Sep 15 14 Sep 15 %Chg.
Value Traded (QR mn) 199.3 263.1 (24.2)
Exch. Market Cap. (QR mn) 605,628.8 607,355.5 (0.3)
Volume (mn) 5.2 7.5 (30.6)
Number of Transactions 3,286 4,182 (21.4)
Companies Traded 42 40 5.0
Market Breadth 17:21 10:26 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 17,880.78 (0.3) (2.9) (2.4) 11.8
All Share Index 3,053.77 (0.3) (2.7) (3.1) 12.4
Banks 3,108.24 (0.4) (3.6) (3.0) 13.3
Industrials 3,488.00 0.0 (2.9) (13.7) 12.1
Transportation 2,442.61 (0.8) (1.9) 5.4 12.5
Real Estate 2,654.47 (0.3) (1.3) 18.3 8.8
Insurance 4,560.52 1.0 (2.1) 15.2 12.0
Telecoms 996.37 0.1 (1.5) (32.9) 29.0
Consumer 6,629.61 (1.0) (2.3) (4.0) 15.4
Al Rayan Islamic Index 4,373.05 (0.2) (2.6) 6.6 12.7
GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD%
Co for Cooperative Ins. Saudi Arabia 92.38 7.2 592.5 85.0
Med. & Gulf Ins. Saudi Arabia 25.80 4.7 4,433.3 (48.5)
Dar Al Arkan Real Est. Saudi Arabia 7.26 4.3 43,346.3 (10.7)
Mobile Telecom. Co. Kuwait 0.39 2.7 3,241.8 (27.4)
Gulf Cable & Elect. Ind. Kuwait 0.45 2.3 94.0 (35.5)
GCC Top Losers## Exchange Close# 1D% Vol. ‘000 YTD%
Arab Banking Corp. Bahrain 0.56 (9.6) 100.0 (19.3)
Etihad Atheeb Telecom Saudi Arabia 5.47 (5.2) 5,670.6 (18.8)
United Int. Trans. Saudi Arabia 46.28 (3.5) 396.4 (17.3)
Agility Kuwait 0.57 (3.4) 1,374.5 (19.1)
Nat. Bank of Abu Dhabi Abu Dhabi 9.60 (3.1) 1,816.5 (24.6)
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%
Qatar German Co for Medical Dev. 13.40 (1.9) 62.0 32.0
Qatar Fuel 151.00 (1.8) 22.3 (26.1)
Qatar Navigation 97.70 (1.3) 8.1 (1.8)
Medicare Group 163.90 (1.3) 3.2 40.1
Qatar Islamic Insurance Co. 73.80 (1.2) 4.0 (6.6)
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Masraf Al Rayan 43.05 (0.1) 27,717.4 (2.6)
Mazaya Qatar Real Estate Dev. 16.00 0.3 23,342.5 (12.3)
Islamic Holding Group 116.50 0.0 13,533.3 (6.4)
Ooredoo 74.20 0.3 12,651.6 (40.1)
QNB Group 186.60 (0.7) 12,552.2 (12.4)
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 11,503.66 (0.3) (2.9) (0.5) (6.4) 54.72 166,305.7 11.8 1.8 4.4
Dubai 3,533.95 0.6 (2.4) (3.5) (6.4) 55.27 92,498.5 11.4 1.1 7.4
Abu Dhabi 4,504.61 0.4 (0.7) 0.2 (0.5) 201.83 122,845.7 12.0 1.4 5.0
Saudi Arabia 7,547.78 (0.0) (2.2) 0.3 (9.4) 1,275.29 450,661.8 16.1 1.8 3.5
Kuwait 5,733.82 (0.6) (0.5) (1.5) (12.3) 33.67 88,590.6 14.6 1.0 4.5
Oman 5,772.80 (0.4) (0.5) (1.7) (9.0) 18.10 23,501.4 10.5 1.3 4.5
Bahrain 1,275.30 (1.3) (1.2) (1.8) (10.6) 0.52 19,948.0 8.1 0.8 5.4
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)
11,400
11,450
11,500
11,550
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 0.3% to close at 11,503.7. The Consumer Goods &
Services and Transportation indices led the losses. The index fell on the
back of selling pressure from GCC shareholders despite buying support
from Qatari and non-Qatari shareholders.
 Qatar German Co for Medical Devices and Qatar Fuel were the top losers,
falling 1.9% and 1.8%, respectively. Among the top gainers, Doha Insurance
Co. gained 5.4%, while Mannai Corp. was up 1.9%.
 Volume of shares traded on Tuesday fell by 30.6% to 5.2mn from 7.5mn on
Monday. Further, as compared to the 30-day moving average of 7.4mn,
volume for the day was 29.6% lower. Mazaya Qatar Real Estate
Development and Masraf Al Rayan were the most active stocks,
contributing 28.0% and 12.4% to the total volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Global Economic Data
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
09/15 US Census Bureau Business Inventories July 0.10% 0.10% 0.70%
09/15 US Federal Reserve Industrial Production MoM August -0.40% -0.20% 0.90%
09/15 US Federal Reserve Capacity Utilization August 77.60% 77.80% 78.00%
09/15 US Federal Reserve Manufacturing (SIC) Production August -0.50% -0.30% 0.90%
09/15 US Census Bureau Retail Sales Ex Auto and Gas August 0.30% 0.40% 0.70%
09/15 EU Eurostat Trade Balance SA July 22.4B 21.4B 21.9B
09/15 EU Eurostat Employment QoQ 2Q2015 0.30% – 0.20%
09/15 EU Eurostat Employment YoY 2Q2015 0.80% – 0.80%
09/15 EU Zentrum fuer Europaeische ZEW Survey Expectations September 33.3 – 47.6
09/15 France INSEE CPI EU Harmonized MoM August 0.40% 0.30% -0.50%
09/15 France INSEE CPI EU Harmonized YoY August 0.10% 0.20% 0.20%
09/15 France INSEE CPI MoM August 0.30% 0.30% -0.40%
09/15 France INSEE CPI YoY August 0.00% 0.10% 0.20%
09/15 Germany ZEW Zentrum fuer Europaeische ZEW Survey Current Situation September 67.5 64.0 65.7
09/15 Germany ZEW Zentrum fuer Europaeische ZEW Survey Expectations September 12.1 18.3 25.0
09/15 UK ONS CPI MoM August 0.20% 0.20% -0.20%
09/15 UK ONS CPI YoY August 0.00% 0.00% 0.10%
09/15 UK ONS CPI Core YoY August 1.00% 1.00% 1.20%
09/15 UK ONS RPI MoM August 0.50% 0.30% -0.10%
09/15 UK ONS RPI YoY August 1.10% 0.90% 1.00%
09/15 UK ONS PPI Input NSA YoY August -13.80% -13.60% -12.60%
09/15 UK ONS PPI Output NSA YoY August -1.80% -1.70% -1.60%
09/15 UK ONS PPI Output Core NSA YoY August 0.10% 0.20% 0.20%
09/15 UK ONS ONS House Price YoY July 5.20% – 5.70%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
Overall Activity Buy %* Sell %* Net (QR)
Qatari 68.98% 63.25% 11,409,235.61
GCC 3.05% 11.65% (17,144,426.01)
Non-Qatari 27.98% 25.10% 5,735,190.40

3. Page 3 of 6
News
Qatar
 Qatar Rail: Around 50% of Doha Metro tunneling work completed –
Qatar Rail said that around 50% of the 113-kilometer long
tunneling works for Doha Metro has been completed with the help
of 21 tunnel boring machines (TBM) that are advancing
underground at full swing. Qatar Rail Managing Director Abdulla
Abdulaziz Al Subaie said that the Doha Metro project is advancing
as per schedule with QR60bn worth of contracts awarded to nine
joint ventures. He said Doha metro system construction works are
being carried out over two stages, the first of which sees the
construction of three out of the four lines and 37 stations and
these lines are expected to be thrown open to the public by late
2019. Currently, transport projects worth $44bn are under
construction in Qatar and projects worth $35bn are due to be
awarded over the next three years. Meanwhile, Al Subaie said that
Qatar Rail broke the world record and entered the Guinness Book
for the largest number of TBM operating at the same time under
one city. (Peninsula Qatar)
 Qatar earmarks more than 95% infrastructure investments for road
transport projects – Qatar has earmarked more than 95% of its
investments in infrastructure development for road transport
projects, especially to expand the highways network to more than
8,500km, as well as build 200 bridges and 30 tunnels over the next
five to seven years. HE the Transport Minister Jassim Seif Ahmed
al-Sulaiti said most of the proposed projects would be completed
at least two years before Qatar hosts the 2022 FIFA World Cup. He
said Qatar's GDP has grown more than 20 times in two decades
and the trend is expected to continue in the coming years as well,
attributing the growth to the continuous rise in the production of
hydrocarbons and their exports. The minister pointed out that the
growth in the non-hydro-carbon sector and the services sector has
also contributed to the overall development of the country.
Acknowledging that Qatar is facing mounting challenges on
account of some of the major commitments that need to be
addressed in less than a decade, the minister hoped the
introduction and application of new techniques as well as
solutions in different areas of transport would help Qatar attain its
targets well on schedule. The minister further added that Qatar's
spending on transport projects will be unaffected by low oil prices.
(Gulf-Times.com, Qatar Tribune)
 Real estate transactions fall to record low of QR326.75mn – Real
estate transactions fell to a record low of QR326.75mn in the week
during September 6–10, 2015. General Manager of the Roots real
estate company, Ahmed Al Orouqi said people may be waiting to
conclude bigger real estate deals after Eid Al Adha. Al Orouqi said
real estate transactions average around QR500mn a week and
transactions were comparatively low last week. However, things
are expected to improve once Eid Al Adha is over. Meanwhile, a
total of 74 deals were concluded last week, the maximum for small
plots of land for housing in Doha, Al Rayyan, Al Dhkhira, and Umm
Salal, among other places. (Peninsula Qatar)
 QA wins ‘Up In the Air’ award – Qatar Airways (QA) has won the
'Up In the Air' Experience award during the Future Global Travel
Experience (FGTE) 2015, held in Las Vegas recently. FGTE 2015 is
an independent travel conference focused on the theme of
“transforming the passenger experience through customer-
focused innovation and collaboration”. (Gulf-Times.com)
International
 US consumer spending maintains solid gains, manufacturing still
weak – US consumer spending grew at a fairly healthy pace over
the past two months, pointing to underlying strength in domestic
demand that could strengthen the case for the Federal Reserve to
hike interest rates on Thursday. The Commerce Department said
retail sales excluding automobiles, gasoline, building materials and
food services had increased 0.4% in August after an upwardly
revised 0.6% increase in July. Overall retail sales had risen 0.2% in
August as strong gains in auto sales were offset by a 1.8% drop in
the value of sales at service stations as gasoline prices declined.
The generally bright news on spending was tempered by the soft
factory data. A report from the Fed showed manufacturing output
had dropped 0.5% in August, hurt by a 6.4% fall in auto
production, after increasing 0.9% in July. Excluding autos, factory
output remained unchanged last month. Manufacturing, which
accounts for around 12% of the economy, has been slammed by
the headwinds of a strong dollar, slack economies overseas and
lower oil prices. (Reuters)
 WB Economists: Fed rate hike may be bumpy for emerging markets
– World Bank (WB) economists said in a paper published on
Tuesday, that a rise in market expectations for US interest rates as
the Federal Reserve starts to normalize policy could cut capital
inflows to emerging markets by as much as 45%. The WB paper
said although most expected a smooth tightening cycle from the
Fed, there was a risk of a substantial hit to capital flows if investors
started to expect more aggressive hikes and drove up long-term
bond yields. A one percentage point rise in the US, Eurozone, the
UK and Japanese yields could cut capital inflows to emerging and
frontier economies by 45% within a year, representing up to 2.2
percentage points of their combined economic output. The Fed has
left the door open to a modest rate rise on Thursday, although
economists and investors are divided over whether policy makers
will act now or later in the year. (Reuters)
 ZEW: Weaker emerging markets dampen German investor
confidence – German investor confidence fell for the sixth month in
September, adding to signs that the slowdown in emerging
markets threatens to drag on growth in Europe’s largest economy.
The ZEW Center for European Economic Research said its index of
investor and analyst expectations, which aims to predict economic
developments six months ahead, slid to 12.1 from 25 in August.
The slowdown in China and in other emerging markets is weighing
on confidence in Germany’s trade-focused economy, which has
recently also been supported by consumption, investment and a
recovery in its neighboring countries. ZEW President Clemens
Fuest said while economic growth in 2Q2015 was largely driven
by external demand, it is becoming unlikely that exports will
stimulate growth in the near future. (Bloomberg)
 UK inflation flat in August as oil weighs – British annual inflation
fell back to zero in August after oil prices recorded their biggest
fall since the start of 2015, ensuring price growth remained far
slower than the Bank of England’s (BoE) target. The Office for
National Statistics (ONS) reported consumer prices rose 0.2%
MoM but remained unchanged YoY. The ONS said a fall in petrol
prices and a smaller seasonal increase in clothing prices than in
2014 were the main drivers for the slowdown in price growth.
Factory gate prices recorded an annual fall of 1.8%, matching the
record decline seen in January, and crude oil costs of British
manufacturers have fallen by 47.7% as compared to the earlier
year. Price pressures look set to remain low for the next few
months, in line with the BoE predictions that the inflation rate will
stay close to zero after dipping into negative territory for the first
time in half a century earlier this year. (Reuters)
Regional
 Invesco: GCC capital inflow improves in 2015 – Invesco Asset
Management, in its annual Middle East Asset Management study,
has said that investors in the Gulf region are increasingly planning
to invest in Saudi Arabia on the back of confidence in its long-term
economic performance and its opening up to foreign direct

4. Page 4 of 6
investment (FDI). Invesco surveyed 167 investors in 2Q2015 and
found that 46% of respondents were thinking of strongly
increasing inflows into Saudi Arabia, with 23% planning a slight
increase. That compared with just 8% and 25%, respectively in the
2014 survey. The positive sentiment toward Saudi Arabia has also
spilled over to Bahrain, which has traditionally been a route to
invest into Saudi Arabia. In the survey, a combined 47% were
planning strong or slight increases in capital flows there, opposed
to 82% planning to remove capital in 2014. Invesco stated that a
majority of the Gulf investors continued to view negatively the
other three regional markets: Kuwait, Oman and Qatar. More than
half of the respondents said they were planning to reduce capital
deployed in those countries. As per Invesco’s study, Bahrain has
witnessed a remarkable turnaround in capital flow sentiment,
moving from a 73% net negative view score in 2014 to a positive
score of 27% in 2015. The UAE remains popular with 73% of
respondents saying investable assets and people are in net inflow
into the UAE, while the study revealed a remarkable turnaround in
the net respondent view scores on the direction of capital flow to
Saudi Arabia, from -17% in 2014 to +61% in 2015. The opening of
Saudi Stock Exchange to foreign institutional investors in June
2015 has contributed significantly to the direction of private
capital flows in the GCC region. (GulfBase.com)
 QFC: Reinsurance capacity in MENA region expected to strengthen –
The Qatar Financial Centre (QFC), in its Mena Reinsurance
Barometer report, said that reinsurance capacity in the Middle
East and North Africa (MENA) region is expected to strengthen
owing to stronger primary risk cover business and perceived low
exposure to natural perils. The MENA region remains an attractive
high-growth, low-catastrophe market, with positive effects on
overall portfolio diversification, in particular as global excess
reinsurance capacity has continued to expand over the past 12
months. QFC Chief Strategic & Business Development Officer,
Sheikh Salman bin Hassan al-Thani said this assertion stems from
the fact that the percentage of participants expecting reinsurance
capacity in the MENA region to expand further has increased
marginally to 91%. Overall, reinsurance business sentiment in the
MENA region remains “mildly positive” in the light of strong
primary market growth and improving regulations, in addition to
long-term fundamentals such as a young and growing population,
in combination with a low insurance penetration. (GulfBase.com)
 GUCIC receives SAMA’s temporary approval for insurance products
– Gulf Union Cooperative Insurance Company (GUCIC) has
obtained Saudi Arabian Monetary Agency’s (SAMA) temporary
approval for using its 13 insurance products for six months.
(Tadawul)
 Al Khodari submits capital increase request to Saudi CMA –
Abdullah A. M. Al-Khodari Sons Company (Al Khodari), further to
its earlier announcement about the board recommendation to
increase the capital through a rights issue, informed that it has
filed an application for its proposed rights issue with the Capital
Markets Authority (CMA) on September 15, 2015 for their
approval. (Tadawul)
 Dur Hospitality buys land worth SR43.4mn in Jeddah – Dur
Hospitality Company has purchased 3,850 square meters of land
on Al Madina Road in Jeddah for a total value of SR43.4mn. The
company intends to use the land for establishing and developing a
new hotel with hotel apartments. This move is in line with Dur
Hospitality’s investment strategy to develop three and four-star
hotels and it will be financed from the company’s own resources.
(Tadawul)
 EI: UAE theme park revenues to reach $837mn by 2019 – According
to a new report published by Euromonitor International (EI), the
UAE theme park revenues are likely to increase by 78% to $837mn
in 2019 from $470mn in 2015. The UAE is reported to have five
theme parks under development at present, including three parks
within the major Dubai Parks & Resorts development.
PricewaterhouseCoopers predicted theme park success in the UAE
will ultimately depend on collaborative working between the
Emirates, hotels and attractions to provide a complimentary and
complete offering for tourists. (GulfBase.com)
 SUPC signs MoU with Etisalat – The Sharjah Urban Planning
Council (SUPC) has signed an MoU with Emirates
Telecommunications Corporation (Etisalat) to promote
collaboration between the two parties. As per the MoU, SUPC and
Etisalat will form joint taskforces to draft the roadmap required to
provide IT and telecommunication solutions in accordance with
the best world practices that meet business requirements. The
alliance will conduct relevant studies that will develop better
understanding of current and future work requirements.
(GulfBase.com)
 SCAD: Abu Dhabi MoM inflation averaged 1.2% in August 2015 –
According to the Statistics Centre Abu Dhabi (SCAD), consumer
prices in Abu Dhabi climbed 1.2% MoM in August 2015. The
transport sector has witnessed the largest price increase of 12%,
followed by food & beverages group with the second largest price
jump of 2.1%. The UAE Ministry of Energy announced it would cut
fuel subsidies and link fuel prices to global prices starting August
2015. This caused a significant hike in petrol prices, with a liter of
‘Special 95’ increasing 24%. Though consumer prices in Abu Dhabi
have been increasing over the past months, the rate of growth has
been below 1% every month, with prices edging up 0.2% in April
2015. National Bank of Abu Dhabi Equities Head, Saleem Khokhar
said the significant jump in August was a ‘one-off event’ on the
back of higher transport prices. He expected the government to
move cautiously in its spending, which makes for a more
sustainable economy in the long-term. The GDP growth is expected
to be around 3-3.5% in 2015. The SCAD said the Consumer Price
Index (CPI) went up 1% in Abu Dhabi, 1.6% in Al Ain and 1.2% in
the Western Region. Abu Dhabi contributed the largest share
(58.7%) of the overall increase, followed by Al Ain and the
Western Region. (GulfBase.com)
 Tecnicas, Petrofac to build SR17.6bn Saudi gas project – According
to sources, Spanish Tecnicas Reunidas and UK-based Petrofac have
been selected for contracts worth around SR17.62bn to build the
Fadhili gas plant in Saudi Arabia for state-owned Saudi Arabian Oil
Company. The new plant will have a processing capacity of 2.5bn
standard cubic feet per day (scfd) of sour gas from the onshore
Khursaniyah and offshore Hasbah fields. The project is split into
three construction packages for the gas processing unit, utilities
and offsite facilities such as nitrogen, steam, power and water
systems, and sulfur recovery. Tecnicas had bid for two of the
packages on its own, and the third in conjunction with South
Korea's GS Engineering & Construction. (GulfBase.com)
 NMWC signs distribution agreement with MBG Group – National
Mineral Water Company (NMWC) has signed a new distribution
agreement with Germany-based MBG Group. Under the terms of
the agreement, NMWC will exclusively market and distribute the
high quality energy drink brand ‘Effect’ in Oman, beginning
October 1, 2015. Red Bull distribution agreement has been
terminated with effect from same date. Effect is a leading
international brand marketed and sold in more than 56 countries
worldwide with annual sales growth exceeding 30%. (MSM)
 NCSI: Oman inflation fell 0.12% YoY in 2Q2015 – According to
National Centre for Statistics & Information (NCSI), Oman’s
inflation declined by 0.12% YoY in 2Q2015, mainly driven by a fall
in prices of food and non-alcoholic beverages by 0.92%. There was
also a 1.53% drop in the clothing and footwear segment. The YoY

5. Page 5 of 6
cooling off in the price of the food and non-alcoholic beverage,
which carries a weightage of almost 24% in the Omani consumer
price index (CPI), is mainly attributed to the food subsector, which
posted a fall of 1.01% YoY in 2Q2015. The communication sector
dropped 0.17%, while the transport sector price decreased by
0.03%. Miscellaneous goods and services fell 0.11% in 2Q2015.
(GulfBase.com)
 10 contracting majors in race for Duqm seawater intake project –
The Duqm Special Economic Zone Authority (Sezad) has selected
10 major contracting firms to submit bids for an engineering,
procurement and construction (EPC) contract for building
facilities for supplying seawater for cooling industrial plants in
Duqm area. The facility will provide seawater to all industrial
projects within the industrial zone, including the proposed Duqm
Refinery, which is coming up adjacent to the Duqm port. The
contractors will have to prepare a detailed design, which will be
based on a front-end engineering design (FEED) provided by the
owner. The construction of the seawater intake system will start in
4Q2015, with the handing over scheduled for 4Q2017. The project
will include marine intake structure, seawater pumping station,
seawater supply, return channels and beach well system.
(GulfBase.com)

6. 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
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Page 6 of 6
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
Sep-11 Sep-12 Sep-13 Sep-14 Sep-15
QSE Index S&P Pan Arab S&P GCC
(0.0%)
(0.3%)
(0.6%)
(1.3%)
(0.4%)
0.4%
0.6%
(1.6%)
(1.2%)
(0.8%)
(0.4%)
0.0%
0.4%
0.8%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,105.25 (0.3) (0.2) (6.7) MSCI World Index 1,634.01 0.8 0.4 (4.4)
Silver/Ounce 14.42 (0.1) (1.3) (8.1) DJ Industrial 16,599.85 1.4 1.0 (6.9)
Crude Oil (Brent)/Barrel (FM Future) 46.63 0.6 (3.1) (18.7) S&P 500 1,978.09 1.3 0.9 (3.9)
Crude Oil (WTI)/Barrel (FM Future) 44.59 1.3 (0.1) (16.3) NASDAQ 100 4,860.52 1.1 0.8 2.6
Natural Gas (Henry Hub)/MMBtu 2.73 1.0 2.5 (8.8) STOXX 600 356.43 0.5 (0.3) (3.0)
LPG Propane (Arab Gulf)/Ton 44.50 1.4 0.0 (9.2) DAX 10,188.13 0.2 0.1 (3.6)
LPG Butane (Arab Gulf)/Ton 55.50 0.9 0.0 (11.6) FTSE 100 6,137.60 0.4 (0.2) (7.9)
Euro 1.13 (0.4) (0.6) (6.9) CAC 40 4,569.37 0.8 (0.1) (0.3)
Yen 120.42 0.2 (0.1) 0.5 Nikkei 18,026.48 0.0 (1.0) 2.5
GBP 1.53 (0.5) (0.6) (1.5) MSCI EM 806.78 (0.1) 0.5 (15.6)
CHF 1.03 (0.6) (0.5) 2.1 SHANGHAI SE Composite 3,005.17 (3.5) (6.0) (9.5)
AUD 0.71 0.1 0.7 (12.6) HANG SENG 21,455.23 (0.5) (0.2) (9.1)
USD Index 95.61 0.4 0.4 5.9 BSE SENSEX 25,705.93 (0.7) 0.4 (11.0)
RUB 66.76 (1.1) (1.8) 9.9 Bovespa 47,364.07 (0.0) 2.5 (35.1)
BRL 0.26 (1.2) 0.2 (31.4) RTS 807.52 (0.1) 1.1 2.1
137.7
116.0
111.5