Qatar stock exchange

1. Page 1 of 6
QSE Intra-Day Movement
Qatar Commentary
The QSE Index declined 2.5% to close at 11,345.5. Losses were led by the Telecoms and
Insurance indices, falling 5.3% and 3.2%, respectively. Top losers were Islamic Holding
Group and Gulf Warehousing Co., falling 7.5% and 7.2%, respectively. Among the top
gainers, Qatar General Insurance & Reinsurance Co. was the only gainer which gained
2.6%.
GCC Commentary
Saudi Arabia: The TASI Index rose 0.3% to close at 8,012.8. Gains were led by the
Transport and Industrial Investment indices, rising 4.8% and 3.1%, respectively. Saudi
Public Transport Co. rose 9.9%, while Saudi Transport & Inv. was up 9.6%.
Dubai: The DFM Index declined 3.2% to close at 3,709.8. The Financial & Investment
Services index fell 4.6%, while the Real Estate & Const. index declined 4.0%. Ekttitab
Holding Co. fell 6.0%, while Gulf General Inv Co. was down 5.9%.
Abu Dhabi: The ADX benchmark index fell 1.4% to close at 4,512.5. The Energy index
declined 5.0%, while the Real Estate index fell 3.6%. Union Cement Co. declined 8.3%,
while Dana Gas was down 5.7%.
Kuwait: The KSE Index declined 1.9% to close at 6,052.6. The Financial Services index
fell 3.0%, while the Real Estate index declined 2.5%. Al-Qurain Holding Co. fell 10.0%,
while Real Estate Trade Centers Co. was down 9.4%.
Oman: The MSM Index fell 1.0% to close at 6,089.9. Losses were led by the Industrial
and Financial indices, falling 1.4% and 1.3%, respectively. Renaissance Services fell
7.0%, while Gulf Investment Services was down 6.1%.
Bahrain: The BHB Index declined 0.4% to close at 1,320.0. The Commercial Bank index
fell 1.1%, while the Industrial index declined 0.8%. Al Salam Bank – Bahrain fell 6.7%,
while Nass Corporation was down 1.8%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Qatar General Ins. & Reins. Co. 55.00 2.6 2.0 7.2
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Ezdan Holding Group 18.05 (1.6) 1,294.7 21.0
Vodafone Qatar 14.01 (4.4) 1,268.0 (14.8)
Masraf Al Rayan 41.60 (4.4) 739.8 (5.9)
Barwa Real Estate Co. 45.70 (4.8) 618.2 9.1
Gulf International Services 63.00 (3.1) 503.8 (35.1)
Market Indicators 20 Aug 15 19 Aug 15 %Chg.
Value Traded (QR mn) 375.3 238.8 57.2
Exch. Market Cap. (QR mn) 599,764.7 613,748.2 (2.3)
Volume (mn) 7.8 5.2 48.9
Number of Transactions 6,638 3,577 85.6
Companies Traded 42 38 10.5
Market Breadth 1:37 9:27 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 17,635.00 (2.5) (4.3) (3.8) N/A
All Share Index 3,032.89 (2.3) (4.1) (3.7) 12.5
Banks 3,013.69 (2.2) (4.0) (5.9) 13.3
Industrials 3,587.70 (1.8) (4.0) (11.2) 12.6
Transportation 2,377.94 (2.0) (2.9) 2.6 12.2
Real Estate 2,664.01 (2.6) (2.0) 18.7 8.8
Insurance 4,548.13 (3.2) (7.6) 14.9 21.4
Telecoms 965.86 (5.3) (11.2) (35.0) 25.4
Consumer 6,796.28 (1.9) (4.5) (1.6) 26.2
Al Rayan Islamic Index 4,402.56 (2.8) (4.4) 7.3 12.8
GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD%
Saudi Public Transport Saudi Arabia 20.59 9.9 4,065.4 (14.2)
Emaar Economic City Saudi Arabia 11.38 8.7 14,964.9 (4.3)
Med. & Gulf Ins. Saudi Arabia 26.73 5.0 3,460.3 (46.6)
Al-Hassan G.I. Shaker Saudi Arabia 32.43 4.8 729.4 (2.4)
Knowledge Eco. City Saudi Arabia 21.13 4.8 3,378.5 24.8
GCC Top Losers## Exchange Close# 1D% Vol. ‘000 YTD%
Gulf Warehousing Co. Qatar 68.10 (7.2) 66.8 20.7
Ooredoo Qatar 70.00 (5.7) 423.9 (43.5)
Dana Gas Abu Dhabi 0.50 (5.7) 16,264.2 0.0
Emaar Properties Dubai 6.74 (5.2) 27,748.0 (7.2)
Qatar Insurance Co. Qatar 93.00 (4.8) 75.7 18.1
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%
Islamic Holding Group 112.00 (7.5) 53.0 (10.0)
Gulf Warehousing Co. 68.10 (7.2) 66.8 20.7
Ooredoo 70.00 (5.7) 423.9 (43.5)
Qatar Insurance Co. 93.00 (4.8) 75.7 18.1
Barwa Real Estate Co. 45.70 (4.8) 618.2 9.1
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
QNB Group 171.90 (2.3) 43,860.0 (19.3)
Qatar Islamic Bank 109.20 (1.6) 41,641.7 6.8
Gulf International Services 63.00 (3.1) 31,736.5 (35.1)
Masraf Al Rayan 41.60 (4.4) 31,159.7 (5.9)
Ooredoo 70.00 (5.7) 29,979.5 (43.5)
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* 11,345.53 (2.5) (4.3) (3.7) (7.7) 103.06 164,635.4 11.6 1.7 4.5
Dubai 3,709.84 (3.2) (6.9) (10.5) (1.7) 163.69 96,526.0 11.9 1.1 7.0
Abu Dhabi 4,512.48 (1.4) (4.6) (6.7) (0.4) 65.46 122,983.3 12.0 1.4 5.0
Saudi Arabia 8,012.83 0.3 (7.7) (11.9) (3.8) 1,835.41 476,882.9 16.8 1.9 3.4
Kuwait 6,052.63 (1.9) (3.9) (3.2) (7.4) 70.56 93,162.2 14.5 1.0 4.3
Oman 6,089.87 (1.0) (3.6) (7.1) (4.0) 13.63 24,305.9 9.5 1.4 4.2
Bahrain 1,319.99 (0.4) (1.1) (0.9) (7.5) 1.26 20,645.4 8.4 0.8 5.2
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)
11,200
11,300
11,400
11,500
11,600
11,700
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 2.5% to close at 11,345.5. The Telecoms and
Insurance 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.
 Islamic Holding Group and Gulf Warehousing Co. were the top losers, falling
7.5% and 7.2%, respectively. Among the top gainers, Qatar General
Insurance & Reinsurance Co. was the only gainer which gained 2.6%.
 Volume of shares traded on Thursday rose by 48.9% to 7.8mn from 5.2mn
on Wednesday. Further, as compared to the 30-day moving average of
4.0mn, volume for the day was 92.5% higher. Ezdan Holding Group and
Vodafone Qatar were the most active stocks, contributing 16.7% and 16.3%
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
08/20 US Bloomberg Bloomberg Economic Expectations August 46.0 – 45.5
08/20 US National Assoc. of Realtors Existing Home Sales MoM July 2.0% -1.10% 3.0%
08/20 US Conference Board Leading Index July -0.20% 0.20% 0.60%
08/21 US Markit Markit US Manufacturing PMI August 52.9 53.8 53.8
08/21 EU Markit Markit Eurozone Manufacturing PMI August 52.4 52.2 52.4
08/21 EU Markit Markit Eurozone Services PMI August 54.3 54.0 54.0
08/21 EU Markit Markit Eurozone Composite PMI August 54.1 53.7 53.9
08/21 EU European Commission Consumer Confidence August -6.8 -6.9 -7.1
08/21 France Markit Markit France Manufacturing PMI August 48.6 49.7 49.6
08/21 France Markit Markit France Services PMI August 51.8 52.0 52.0
08/21 France Markit Markit France Composite PMI August 51.3 – 51.5
08/21 Germany Markit Markit/BME Germany Manufacturing PMI August 53.2 51.6 51.8
08/21 Germany Markit Markit Germany Services PMI August 53.6 53.7 53.8
08/21 Germany Markit Markit/BME Germany Composite PMI August 54.0 53.6 53.7
08/21 UK ONS Public Finances (PSNCR) July -3.0B – 15.4B
08/21 UK ONS Central Government NCR July -0.2B – 17.8B
08/20 UK ONS Retail Sales Ex Auto Fuel YoY July 4.30% 4.30% 4.10%
08/20 UK ONS Retail Sales Inc Auto Fuel YoY July 4.20% 4.40% 4.20%
08/20 UK Confederation of British Ind. CBI Trends Total Orders August -1.0 -10.0 -10.0
08/20 UK Confederation of British Ind. CBI Trends Selling Prices August -6.0 – 1.0
08/21 China Markit Caixin China PMI Mfg August 47.1 48.2 47.8
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 57.79% 54.24% 13,331,878.36
GCC 3.74% 9.10% (20,131,481.22)
Non-Qatari 38.47% 36.66% 6,799,602.86

3. Page 3 of 6
News
Qatar
 DHBK imports 23,818 ounces of gold to meet growing demand –
Doha Bank (DHBK) has imported “record volumes” of gold to meet
growing consumer demand as falling gold prices continue to fuel
strong buying interest in the yellow metal. The bank imported a
record 23,818 ounces of gold in the first seven months of 2015 to
keep up with sustained demand from jewelry manufacturers,
jewelers, retail and high net worth (HNWI) investors. DHBK is one
of the few banks authorized to import gold in Qatar and offers gold
bars and mint coins to its customers at an extremely competitive
price. (Gulf-Times.com)
 QPMC, Oryx in deal for supply of 2mn tons of quarry products –
Qatar Primary Materials Company (QPMC) and Fujairah-based
Oryx Industries have signed a deal for the supply of quarry
products to support Qatar’s construction boom. Under the terms of
the agreement, Oryx will supply QPMC with 2mn tons of quarry
products over the course of one year and it will be delivered to
Qatar through the Port of Fujairah. (GulfTimes.com)
 ORDS Maldives wins ISP license – Ooredoo’s (ORDS) Maldives
operation has won an Internet Service Provider (ISP) license from
the Communication Authority of the Maldives (CAM) in August
2015. The company received the license after a competitive
bidding process. (Bloomberg)
 VFQS boosts network in Al Wakrah, Al Wukair – Vodafone Qatar
(VFQS) is pressing ahead with its network enhancement program
in Qatar, upgrading network cell sites in Al Wakrah and Al Wukair
and achieving a faster and stronger network experience for
customers. The company launched a network upgrade initiative in
January 2015 to offer customers superfast voice and data services.
The upgrade program covers 30 sites in Al Wakrah and Al Wukair,
raising 3G capacity by around three times and 4G capacity by
around four times. VFQS added 13 new 4G LTE sites to Al Wakrah,
covering 43% more of the area, and providing better LTE & data
coverage. At the end of the initiative in October, VFQS will have
overhauled the network to offer better experience in the whole
country. (Peninsula Qatar)
 CMC asks WOQOD to stop sale of Shafaf at petrol stations – The
Central Municipal Council (CMC) has asked Woqod (QFLS) not to
allow outlets within the premises of its petrol stations to store and
sell cooking gas cylinders (Shafaf) to ensure people’s safety.
Woqod has a number of petrol filling and service stations across
the country having shops & restaurants as well. In some stations,
there are outlets that retail the transparent cooking gas cylinders
(Shafaf) whose sole distributor is Woqod. (Peninsula Qatar)
 Ashghal completes work of 12 new mosques; hands over 22 schools
and 11 kindergartens to SEC – The Public Works Authority
(Ashghal) has completed construction of 12 new mosques in
Muaither, Rawdat Qdeem, Al Aziziyah, Shehaniyyah, Industrial
Area, Al Waab, Umm Sanim, Hasm Al Markhiyah and Al Wajbah.
Eleven mosques will be handed over to the Ministry of Awqaf by
2015-end and one in 1Q2016. Meanwhile, Ashghal has delivered
22 schools and 11 kindergartens in Doha and the suburbs to the
Supreme Education Council (SEC) in preparation for the academic
year 2015-2016. The total cost of the new batch of schools
exceeded QR1.6bn. (Peninsula Qatar, Gulf-Times.com)
 IMF: 12,400 Qataris working in private sector – According to a
report released by the International Monetary Fund (IMF), Qatar’s
private sector employs around 12,400 citizens as compared to
1.47mn expatriate workforce. According to 2014 figures, Qatar is
the only GCC country with the smallest number of nationals
engaged in the private sector. However, over the past nine years, a
large number of Qataris have taken up private jobs, up by 248%.
(Peninsula Qatar)
 KCBK Group CBO steps down – Al Khalij Commercial Bank’s
(KCBK) Group Chief Business Officer (CBO), Mr. Mohamed Asem
Abdel Khalek had submitted his resignation citing personal
reasons, with his last working day being August 20, 2015.
Meanwhile, Mr. Paul Maguire will be replacing him temporarily.
(QSE)
 Mall of Qatar to host first Hamleys store – Mall of Qatar, the under-
construction major leisure, entertainment and shopping complex,
has signed up with Hamleys, the oldest toy shop in the world and
one of the best-known retailers of toys, to open its first outlet in
Qatar. (GulfTimes.com)
International
 Disappointing business surveys intensify world growth fears –
Business surveys on August 21 showed China’s economic
slowdown is deepening and growth in Europe and the US is weak,
which further damaged the outlook for the global economy,
sending stocks and commodity prices reeling. China’s factory
sector shrank at its fastest rate in almost six and a half years as
preliminary Caixin/Markit China manufacturing PMI stood at 47.1
in August, down from July's final 47.8. The downdraft from China
is particularly rattling economies of its trade-reliant Asian
neighbors. Meanwhile, Markit’s composite flash PMI for Eurozone
rose to 54.1 in August from July’s 53.9. Markit said the headline
index has been above 50 since mid-2013 and the PMI suggested
3Q2015 GDP growth of 0.4%. According to Jennifer McKeown at
Capital Economics, the PMI data points to weak growth that will do
little to erode the spare capacity in the region. Further, the
preliminary US manufacturing PMI fell to 52.9 in August to the
lowest since October 2013, from a final July reading of 53.8. Job
creation also slowed, with the index at 52.2, its weakest since July
2014, down from 53.8 in July. Most analysts still expect the US
Federal Reserve to raise interest rates possibly as soon as
September, though minutes from the Fed’s last meeting in July
showed policymakers discussed China, Greece’s debt crisis and the
weak state of the global economy. (Reuters)
 Greek PM resigns, clears way for elections in a bid to uphold bailout
deal – Greek Prime Minister Alexis Tsipras resigned on August 20
in a bid to trigger snap elections and return to power stronger,
plunging his country into weeks of political paralysis just as it
seemed to have scraped through a summer of fraught bailout talks
and near-bankruptcy. Mr. Tsipras’ gambit is expected to lead to his
re-election in September, thanks to his popularity and the absence
of strong challengers. The election will effectively be a referendum
on the 41-year-old Mr. Tsipras and his bailout agreement with the
rest of the Eurozone. Meanwhile, Greece received its first
disbursement of financial aid in a year on Thursday, in the form of
€13bn from the Eurozone bailout fund, called the European
Stability Mechanism. Most of that money immediately went
toward repaying Greece’s debts, including €3.2bn in maturing
government bonds that were held by the European Central Bank.
(WSJ)
 Japan’s August manufacturing activity expands at fastest pace in
seven months – According to a PMI survey, Japanese
manufacturing activity expanded in August at the fastest pace in
seven months as domestic orders rose, suggesting the economy is
bouncing back after contracting in 2Q2015. The Markit/Nikkei
Japan Flash Manufacturing Purchasing Managers Index (PMI) rose
to a seasonally adjusted 51.9 in August from a final 51.2 in July.
The index remained above the 50 threshold that separates
expansion from contraction for the fourth straight month and
showed activity expanded at the fastest pace since January. The
index for new orders rose to a preliminary 53.2 from a final 50.9 in
July, also indicating the fastest growth in seven months. This

4. Page 4 of 6
suggests domestic demand is gaining strength. However, the flash
index for new export orders fell to 50.5 from 52.2 in the previous
month, suggesting overseas demand is losing momentum as
China's economy slows. (Reuters)
 Brazil’s August mid-month inflation slowest in nine months –
Brazil’s inflation in the month through mid-August was the slowest
in nine months, as the central bank maintains the highest
benchmark rate since 2006 in the face of a looming recession.
According to data published by the national statistics agency,
inflation as measured by the IPCA-15 index slowed to 0.43% from
0.59% a month earlier. Annual inflation quickened to 9.57% from
9.25%. Monthly inflation is decelerating after the central bank
raised rates in seven straight meetings, leading to depressed
consumer sentiment and shrinking retail sales. Still, the pace of
price increases has not slowed enough to persuade analysts that
policy makers will slow it to the intended target by the end of
2016, even as Latin America’s largest economy heads toward its
longest recession since 1931. The bank targets inflation of 4.5%,
plus or minus two percentage points. (Bloomberg)
Regional
 Reuters: Analysts cut Saudi, UAE growth forecasts for 2016 –
According to a Reuters poll, analysts have raised their forecasts for
2015 growth in Saudi Arabia and the UAE economies but cut
predictions for 2016, because of the outlook for oil output.
Emirates NBD Head of Regional Research, Khatija Haque said that
oil-producing countries in the GCC region have partly offset
weakness in oil prices by increasing output volumes faster than
expected in 2015. The median forecast of 15 economists for Saudi
Arabia’s GDP growth in 2015 is 3% in the latest poll, up from 2.6%
in the previous poll, which was conducted in April 2015. But the
forecast for Saudi Arabia growth for 2016 has been cut to 2.6%
from 3.0%. Emirates NBD forecasted early in 2015 that Saudi
Arabia GDP would expand 2.5% in 2015 and 3% in 2016. Haque
said there were now upside risks for the bank’s 2015 prediction
and the 2016 figure might be lowered. The latest survey forecasts
growth in the UAE of 3.8% in 2015, up from 2014 survey’s 3.4%
and 3.5% in 2016, down from 3.7%. Saudi Arabia’s fiscal deficit is
projected to shrink from 17.6% of GDP in 2015 to 12.4% in 2016
and 11.7% in 2017. (Bloomberg)
 BNP Paribas appoints head of Middle East and Africa – BNP Paribas
has appointed Jacques Michel as its Head of Corporate and
Institutional Banking for the Middle East and Africa. Mr. Michel
will be based in Bahrain and replaces Jean-Christophe Durand,
who left the bank. In his new role, Mr. Michel will be Country Head
for Bahrain and supervise the bank’s operations in Saudi Arabia,
the UAE, Kuwait, Qatar, South Africa and Morocco. (Bloomberg)
 Tadawul announces AMTC’s first subscription period end – The
Saudi Stock Exchange (Tadawul) has announced that August 20,
2015 was the end of the first subscription period and tradable
rights trading for Alinma Tokio Marine Company (AMTC).
(Tadawul)
 Egypt, Saudi Aramco sign $1.4bn oil products deal – Egyptian Oil
Minister, Sherif Ismail said that Egypt agreed a three-month oil
products deal worth $1.4bn with Saudi Arabian Oil Company
(Saudi Aramco) to begin in September 2015. The deal includes
500,000 tons of diesel fuel, 220,000 tons of heating oil and
150,000 tons of gasoline per month. The deal stipulates that Egypt
pay Saudi Aramco within a year. (Bloomberg)
 Ma’aden’s MPC will shut down Ammonia plant for 14 days – Saudi
Arabian Mining Company (Ma’aden) has announced that its
subsidiary Ma’aden Phosphate Company (MPC) will shut down the
Ammonia plant for 14 days from August 21, 2015 for repairs to its
heat exchanger. The plant is located in the Ma’aden complex at Ras
Al Khair in the east of the Kingdom. The shutdown will have no
significant financial impact, as well as no impact on the company’s
ability to meet its obligations toward its customers. (Tadawul)
 Fitch revises Saudi Arabia’s outlook to negative – Fitch Ratings has
revised its outlook for Saudi Arabia's foreign and local currency
issuer default rating (IDR) to negative from stable, citing lower oil
prices and increased spending associated with the accession of a
new king. However, the agency affirmed the IDRs at 'AA'. Fitch
expects the general government deficit to widen to 14.4% of GDP
in 2015. (Reuters)
 IFA BoD approves partial offsetting of losses – International
Financial Advisors’ (IFA) board of directors amended a prior
recommendation as regards offsetting the company’s accumulated
losses. Accordingly, the new recommendation is to partially offset
full-year losses, instead of fully offsetting them, by an amount of
KD28.67mn. The amendment has been made according to
instructions from the Kuwait Capital Market Authority. (ADX)
 Arabtec denies withdrawing from Egypt housing project – Arabtec
Holding has denied that its withdrawing from the housing project
in Egypt, and reaffirms that it’s still discussing some related details
with the Egyptian’s concerned parties. (DFM)
 BI: Dubai world's 5th fastest growing city economy – According to a
report released by the Brookings Institution (BI), Dubai has been
ranked among the top-10 cities that are powering economic
growth within their nations. BI has ranked Dubai 5th worldwide
for 2014, up from 18th position in 2013. As per the report, Dubai's
growth was boosted by a 4.7% annual rise in employment. The
Emirate also recorded the fastest growth relative to its national
economy with a 4.5% rise in GDP per capita, versus 1.6% growth
for the UAE as a whole. Overall, the report found that the economic
activity and growth in 2014 remained disproportionately
concentrated in the world's major metropolitan areas.
(GulfBase.com)
 Mobily seeks shareholders nod for dividend distribution, freeze –
Etihad Etisalat Company’s (Mobily) board of directors has invited
its shareholders to consider and approve the recommendation to
distribute an interim dividend of SR1.93bn for 1Q2014 and
2Q2014 i.e. (SR2.5 per share). Shareholders will also consider
approving BoD’s recommendation of not distributing cash
dividend for 3Q2014 & 4Q2014. (Tadawul)
 DGCX appoints CEO – Dubai Gold & Commodities Exchange (DGCX)
has appointed Gaurang Desai as its Chief Executive Officer (CEO).
As one of the founding members of the team that set-up DGCX in
2005, Gaurang is ideally positioned to take the Exchange to its next
stage of development. Gaurang was previously the Chief Operating
Officer (COO) of DGCX, before being appointed as Acting CEO in
August 2014. (Gulf-Base.com)
 Al Ahli receives Egypt regulatory nod to buy Piraeus unit – Kuwait-
based Al Ahli Bank received approval from the Egyptian Financial
Supervisory Authority (EFSA) to acquire a controlling stake in
Piraeus Bank's Egypt unit. Al Ahli plans to pay $150mn in cash for
a 98.5% shareholding in the Greek lender's Egyptian unit. Al Ahli
has also obtained regulatory approvals from the Egyptian and
Kuwaiti central banks. (Reuters)
 Al Hassan Engineering bags construction contract worth
AED54.83mn – Al Hassan Engineering Co. Dubai (99% owned by Al
Hassan Engineering Company) has received letter of intent (LoI)
from M/s Siemens for construction of 132KV substations for Dubai
Electricity & Water Authority (DEWA) for AED54.83mn. The
project duration is 12 months from notice to proceed letter
expected during November 2015. (MSM)
 MoCI approves Ominvest, ONIC merger – Oman's Ministry of
Commerce & Industry (MoCI) has approved the proposed merger
of Oman International Development and Investment Company
(Ominvest) and Oman National Investment Corp Holding (ONIC).

5. Page 5 of 6
As a result, ONIC shares will be suspended from trading on MSM.
ONIC shareholders will be issued shares in Ominvest as per the
agreed ration in due course. The firms had previously said ONIC
shareholders would receive 1.052 Ominvest shares for every share
held. (Reuters)
 Bank ABC, HSBC and NBAD close $200mn syndicated term loan
facility for Banco ABC Brasil – Banco ABC Brasil, acting thorough its
Cayman Islands Branch, has successfully closed a $200mn
syndicated term loan facility. The facility was signed on August 18,
2015 and was arranged by Bank ABC, HSBC Securities (HSBC) and
National Bank of Abu Dhabi (NBAD), the initial mandated lead
arrangers and bookrunners. The facility was initially launched for
$150mn and following a significant oversubscription Banco ABC
Brazil decided to upsize the facility. The facility has a tenor of 2
years and will be used by Banco ABC Brazil for general corporate
purposes. Bank ABC, HSBC and NBAD also acted as the joint
coordinators for the facility, with NBAD acting as the agent.
(Bahrain Bourse)
 GFH to purchase treasury share – GFH Financial Group (GFH) has
obtained regulatory approval to purchase treasury share within 90
days starting August 22, 2015. (Bloomberg)

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
Aug-11 Aug-12 Aug-13 Aug-14 Aug-15
QSE Index S&P Pan Arab S&P GCC
0.3%
(2.5%)
(1.9%)
(0.4%)
(1.0%)
(1.4%)
(3.2%)(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 1,160.95 0.8 4.1 (2.0) MSCI World Index 1,650.96 (2.7) (5.3) (3.4)
Silver/Ounce 15.32 (1.6) 0.4 (2.5) DJ Industrial 16,459.75 (3.1) (5.8) (7.6)
Crude Oil (Brent)/Barrel (FM
Future)
45.46 (2.5) (7.3) (20.7) S&P 500 1,970.89 (3.2) (5.8) (4.3)
Crude Oil (WTI)/Barrel (FM
Future)
40.45 (1.7) (4.8) (24.1) NASDAQ 100 4,706.04 (3.5) (6.8) (0.6)
Natural Gas (Henry
Hub)/MMBtu
2.70 (0.5) (4.6) (9.9) STOXX 600 361.28 (1.8) (4.6) (1.0)
LPG Propane (Arab Gulf)/Ton 37.00 (3.3) (1.7) (24.5) DAX 10,124.52 (1.5) (6.0) (3.5)
LPG Butane (Arab Gulf)/Ton 48.88 (2.5) (2.5) (25.4) FTSE 100 6,187.65 (2.6) (5.2) (5.0)
Euro 1.14 1.3 2.5 (5.9) CAC 40 4,630.99 (1.7) (4.7) 1.8
Yen 122.04 (1.1) (1.8) 1.9 Nikkei 19,435.83 (1.7) (3.4) 9.2
GBP 1.57 0.0 0.3 0.8 MSCI EM 812.38 (2.2) (6.0) (15.1)
CHF 1.06 1.3 3.2 5.1 SHANGHAI SE Composite 3,507.74 (4.2) (11.5) 5.4
AUD 0.73 (0.3) (0.9) (10.5) HANG SENG 22,409.62 (1.5) (6.5) (5.0)
USD Index 95.01 (1.0) (1.6) 5.2 BSE SENSEX 27,366.07 (2.0) (4.2) (5.0)
RUB 69.18 1.7 6.5 13.9 Bovespa 45,719.64 (3.0) (4.4) (30.8)
BRL 0.29 (1.1) (0.5) (24.3) RTS 762.38 (4.2) (8.7) (3.6)
135.7
112.3
108.1