Qatar

1. Page 1 of 5
QSE Intra-Day Movement
Qatar Commentary
The QSE Index declined 0.3% to close at 11,731.6. Losses were led by the
Transportation and Industrials indices, falling 0.8% and 0.7%, respectively. Top
losers were Qatar Cinema & Film Distribution Co. and Zad Holding Co., falling
7.6% and 7.0%, respectively. Among the top gainers, Mannai Corp. rose 2.4%,
while Ezdan Holding Group gained 1.3%.
GCC Commentary
Saudi Arabia: The TASI Index rose 0.3% to close at 8,618.6. Gains were led
by the Hotel & Tourism and Insurance indices, rising 2.6% and 2.4%,
respectively. Amana Insurance rose 10.0% while Malath Ins. was up 9.5%.
Dubai: The DFM Index gained 1.2% to close at 3,710.5. The Financial &
Investment Ser. index rose 2.7%, while the Real Estate & Const. index gained
2.4%. Gulf Finance House surged 14.7%, while Gulf Navigation was up 10.4%.
Abu Dhabi: The ADX benchmark index rose 0.3% to close at 4,553.7. The
Industrial index gained 1.6%, while the Real Est. index rose 0.6%. Intern.
Fish Farming surged 15.0%, while Commercial Bank Int. was up 14.8%.
Kuwait: The KSE Index gained 0.1% to close at 6,213.3. The Technology
index rose 1.4%, while the Industrial index was up 0.6%. National Ranges Co.
gained 7.4%, while Investors Holding Group Co. was up 6.9%.
Oman: The MSM Index rose 0.2% to close at 6,297.5. The Services index
gained 0.5%, while the other indices ended in red. Global Financial Investment
rose 8.8%, while Al Batinah Dev. Inv. Holding was up 6.3%.
Bahrain: The BHB Index gained 0.6% to close at 1,441.4. The Industrial index
rose 1.2%, while the Commercial Bank index was up 1.1%. Takaful
International Co. rose 9.5%, while Banader Hotels Co. was up 8.9%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Mannai Corp. 107.60 2.4 91.5 (1.3)
Ezdan Holding Group 15.80 1.3 1,826.8 5.9
Ooredoo 100.50 1.0 78.9 (18.9)
Qatar National Cement Co. 120.10 0.9 27.4 0.1
Qatar Insurance Co. 78.50 0.6 4.1 (0.4)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Ezdan Holding Group 15.80 1.3 1,826.8 5.9
Vodafone Qatar 17.73 (0.1) 579.5 7.8
Barwa Real Estate Co. 45.00 (0.3) 416.0 7.4
Salam International Investment Co. 13.34 (0.1) 378.6 (15.8)
Dlala Brokerage & Inv. Holding Co. 36.50 (3.9) 348.9 (14.7)
Market Indicators 06 Apr15 05 Apr 15 %Chg.
Value Traded (QR mn) 200.3 264.8 (24.4)
Exch. Market Cap. (QR mn) 633,786.2 635,641.9 (0.3)
Volume (mn) 6.2 6.8 (9.5)
Number of Transactions 3,744 3,956 (5.4)
Companies Traded 42 40 5.0
Market Breadth 9:28 24:13 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 18,230.05 (0.3) 0.3 (0.5) N/A
All Share Index 3,137.99 (0.3) 0.2 (0.4) 14.4
Banks 3,164.05 (0.5) (0.2) (1.2) 14.5
Industrials 3,910.02 (0.7) 0.4 (3.2) 13.4
Transportation 2,401.03 (0.8) (1.4) 3.6 13.5
Real Estate 2,416.27 0.7 1.2 7.7 13.7
Insurance 4,121.96 0.4 1.3 4.1 19.2
Telecoms 1,331.78 0.7 1.2 (10.4) 21.7
Consumer 6,917.42 (0.2) 0.2 0.1 24.8
Al Rayan Islamic Index 4,315.06 (0.3) 0.2 5.2 15.6
GCC Top Gainers##
Exchange Close#
1D% Vol. ‘000 YTD%
Drake & Scull Int. Dubai 0.72 7.2 19,068.6 (19.8)
Nat. Petrochemical Co. Saudi Arabia 23.69 4.5 498.1 8.2
Deyaar Development Dubai 0.69 4.4 19,319.2 (18.2)
Dubai Financial Market Dubai 1.74 4.2 18,875.6 (13.4)
Bank of Sharjah Abu Dhabi 1.77 4.1 0.5 (4.9)
GCC Top Losers##
Exchange Close#
1D% Vol. ‘000 YTD%
Comm. Bank of Dubai Dubai 6.11 (6.0) 24.8 17.5
United Real Estate Co. Kuwait 0.09 (5.3) 21.0 (10.0)
Arabian Cement Saudi Arabia 72.37 (4.7) 376.0 (6.7)
Northern Region Cem. Saudi Arabia 21.30 (4.5) 1,386.6 0.9
HSBC Bank Oman Oman 0.13 (3.7) 598.6 (7.8)
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 Cinema & Film Distrib. Co. 41.15 (7.6) 0.2 2.9
Zad Holding Co. 89.10 (7.0) 6.7 6.1
Dlala Brokerage & Inv. Hold. Co. 36.50 (3.9) 348.9 (14.7)
Al Khaleej Takaful Group 42.80 (1.4) 86.2 (3.1)
Gulf International Services 95.10 (1.3) 83.3 (2.1)
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Ezdan Holding Group 15.80 1.3 28,929.0 5.9
Barwa Real Estate Co. 45.00 (0.3) 18,822.6 7.4
Dlala Brokerage & Inv. Hold. Co. 36.50 (3.9) 12,995.5 (14.7)
Vodafone Qatar 17.73 (0.1) 10,271.1 7.8
Masraf Al Rayan 47.85 (0.6) 10,127.5 8.3
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* 11,731.64 (0.3) 0.3 0.2 (4.5) 55.01 1,74,101.1 13.8 1.8 4.3
Dubai 3,710.54 1.2 2.7 5.6 (1.7) 212.38 90,648.6 8.5 1.4 5.6
Abu Dhabi 4,553.72 0.3 0.3 1.9 0.5 41.60 1,23,768.1 11.5 1.4 4.8
Saudi Arabia 8,618.63 0.3 (1.3) (1.8) 3.4 1,424.17 4,98,421.4 17.1 2.1 3.1
Kuwait 6,213.34 0.1 (0.1) (1.1) (4.9) 65.87 94,102.5 16.1 1.1 4.0
Oman 6,297.46 0.2 0.5 1.0 (0.7) 10.83 23,975.3 10.5 1.4 4.3
Bahrain 1,441.37 0.6 1.0 (0.6) 1.0 0.33 22,534.5 9.4 0.9 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)
11,700
11,720
11,740
11,760
11,780
11,800
09:30 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 0.3% to close at 11,731.6. The
Transportation and Industrials indices led the losses. The index
fell on the back of selling pressure from GCC and Qatari
shareholders despite buying support from non-Qatari
shareholders.
 Qatar Cinema & Film Distribution Co. and Zad Holding Co. were
the top losers, falling 7.6% and 7.0%, respectively. Among the
top gainers, Mannai Corp. rose 2.4%, while Ezdan Holding
Group gained 1.3%.
 Volume of shares traded on Monday fell by 9.5% to 6.2mn from
6.8mn on Sunday. Further, as compared to the 30-day moving
average of 8.0mn, volume for the day was 23.4% lower. Ezdan
Holding Group and Vodafone Qatar were the most active stocks,
contributing 29.7% and 9.4% to the total volume respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Earnings and Global Economic Data
Earnings Releases
Company Market Currency
Revenue
(mn) 1Q2015
% Change
YoY
Operating Profit
(mn) 1Q2015
% Change
YoY
Net Profit (mn)
1Q2015
% Change
YoY
Almarai Co. Saudi Arabia SR – – 378.1 20.7% 306.5 12.0%
Al Anwar Ceramic Tiles
(AACT)
Oman OMR 7.5 7.0% – – 2.1 -5.1%
Trust Re* Bahrain USD 452.6 13.7% – – 0.0 NA
Source: Company data, DFM, ADX, MSM (*FY2014 results)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
04/06 US Federal Reserve Labor Market Conditions Index Change March -0.3 – 2.0
04/06 US ISM ISM Non-Manf. Composite March 56.5 56.5 56.9
04/06 Spain Spanish Labour Ministry Unemployment MoM Net ('000s) March -60.2 – -13.5
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
 GOIC: Industrial sector growth to attract more investments
to Qatar – The Gulf Organization for Industrial Consulting
(GOIC) said that the industrial sector in Qatar is expected to
attract more investments to the country, in addition to the
construction boom and key infrastructure mega projects driven
by the country’s hosting of the 2022 FIFA World Cup. GOIC
launched the “Invest in Qatar 2015” Forum which will be held
between April 27 and April 28, 2015 in Doha, Qatar. This event
aims to bring in more investors to Qatar by introducing key
investment opportunities in various sectors. The forum will focus
on Qatar’s “broad investment space” and opportunities in the
area of pharmaceuticals, food, green building materials,
recycling, petrochemicals, and aluminum. GOIC said Qatar has
strong, promising, and encouraging economic prospects in the
coming years. The “Invest in Qatar 2015” Forum would help
strengthen the country’s level of competitiveness in the region
and abroad. The value of local investments in joint industrial
projects stood at $29.2bn or 35.4% of the total cumulative
investments in manufacturing industries in 2014. The cumulative
investments of joint Gulf factories were valued at $2bn or 2.4%
of the total industrial investments, while Arab non-Gulf
investment shares were valued at $141.5mn only. Moreover, the
joint foreign industrial ventures were valued at $16.4bn in 2014
or 20% of the total investments in manufacturing industries.
(Gulf-Times.com)
 GPCA: Oil drop weighs heavily on petrochemical sector –
According to the Gulf Petrochemicals & Chemicals Association
(GPCA), one of the major impacts of oil price drop on GCC’s
petrochemical industry was the decision to shelve Qatar’s two
mega planned projects. The sharp fall in oil prices forced the
concerned entities in Qatar to cancel the multi-billion dollar Al
Sajeel and Al Karaana petrochemical projects. Al Sajeel was put
on hold, because the partners involved are studying a new
downstream petrochemical project that is expected to yield
better economic returns. In the case of Al Karaana, its high
capital costs made it commercially unfeasible, particularly in the
current economic climate prevailing in the energy industry. The
huge drop in oil prices also forced Saudi Basic Industries
Corporation (SABIC) and Shell not to pursue the development of
the planned polyurethane (Pu) project in Jubail, Saudi Arabia.
GPCA said the petrochemicals production in the GCC region
rose by 4.5% in 2014, the second highest growth region in the
world. The regional growth in chemicals production is largely
attributed to a surge in plastic production, which grew by 6% in
2014, nearly twice the world average. (Peninsula Qatar)
 QSE suspends trading of DBIS shares on April 7 – The
Qatar Stock Exchange (QSE) has announced trading
suspension of Dlala Brokerage & Investments Holding
Company’s (DBIS) shares on April 7, 2015 due to its AGM being
held on that day. (QSE)
 QNNS to disclose 1Q2015 results on April 27 – Milaha
(QNNS) will announce its financial results for 1Q2015 on April
27, 2015. (QSE)
 SC to unveil new Al Rayyan Stadium design on April 22 –
The Supreme Committee for Delivery & Legacy (SC) will unveil
the new design of Al Rayyan Stadium on April 22. The
Overall Activity Buy %* Sell %* Net (QR)
Qatari 68.46% 68.69% (461,126.78)
GCC 5.10% 6.71% (3,214,109.69)
Non-Qatari 26.43% 24.60% 3,675,236.47

3. Page 3 of 5
redesigned Al Rayyan Stadium will be the fifth proposed host
venue for the 2022 FIFA World Cup. Al Rayyan Sports Club’s
new stadium will accommodate 40,000 spectators in tournament
mode, with the capacity being reduced to 20,000 in legacy mode
and those additional seats being sent to nations in need of
sporting infrastructure. (Gulf-Times.com)
International
 Markit: US services sector activity rises in March; ISM says
service sector growth slips – An industry report showed the
US services sector expanded in March 2015 at its fastest pace
since August 2014. Financial firm Markit said its final reading of
its Purchasing Managers Index (PMI) for the services sector
rose to 59.2 in March from 57.1 in February. The March reading
was the highest level since August and was above the
preliminary or flash reading of 58.6. Markit's March reading of
employment at service companies rose to 54.0, up from 52.7 in
February and its highest reading since June. The March number
was the same as the preliminary reading. Meanwhile, according
to an industry report released by the Institute for Supply
Management (ISM) the pace of growth in the US services sector
fell in March to its lowest level in three months, but exports rose
to the highest level in over two years. The ISM said its services
index fell to 56.5 in March from 56.9 in February. The reading
was in line with Reuters forecasts. The March reading was the
lowest since the matching reading of last December. However,
the exports index rose to 59.0 from 53.0 in February to mark the
highest reading since February 2013. The employment index
also rose, hitting its highest level since last October, with the
reading coming in at 56.6 compared with 56.4 in February.
(Reuters)
 Bank of Canada: Cheap oil weighs on firms' outlook – A
Bank of Canada survey showed lower oil prices have dampened
the overall sales outlook for Canadian companies and have
weighed on their investment and hiring intentions, though many
expect to see a benefit from a stronger US economy. The
central bank's quarterly business outlook survey showed the
company expectations for sales growth declined for the second
quarter in a row, suggesting they see sales increasing at about
the same rate over the next 12 months as in 2014. Lower prices
for oil, which is a major export for Canada, significantly
dampened the near-term outlook for companies in the energy
sector, while there was also some spillover into other sectors.
However, companies' outlook for the economic recovery south
of the border was generally strong, with the majority expecting
the US strength to support sales. (Reuters)
 Chinese Premier Li calls for 'quality' equipment exports –
According to a government report, Chinese Premier Li Keqiang
said manufacturers should shift the focus to quality from quantity
in equipment exports and expand joint production overseas, to
boost efficiency in the slowing economy. Chinese companies in
sectors from consumer goods to railways and nuclear energy
are increasingly looking to tap the overseas markets as growth
at home slows, as well as to gain valuable technical knowledge
through tie-ups with international firms. Li said companies shall
instead focus on "quality in and quality out", importing top-notch
technology and key equipments that are short in China and
exporting high value-added products in a "full-chain" that
includes also expertise and services. Chinese manufacturers
shall also place an emphasis on exporting "investment
products", away from an earlier focus on consumer goods.
(Reuters)
Regional
 ANB Insurance receives SAMA’s temporary approval for
insurance products – MetLife AIG ANB Cooperative Insurance
Company (ANB Insurance) has obtained the Saudi Arabian
Monetary Agency’s (SAMA) temporary approval for use of
insurance products for a period of six months starting from April
1, 2015. (Tadawul)
 Bank Albilad reports SR174.1mn net profit in 1Q2015 – Bank
Albilad has reported SR174.1mn net profit in 1Q2015 as
compared to SR173.7mn in 1Q2014, representing a YoY
increase of 0.2%.The bank’s total assets stood at SR46.31bn as
against SR39bn in 1Q2014. Loans & advances reached
SR29.1bn, while customer deposits stood at SR37.86bn. EPS
amounted to SR0.44 in 1Q2015 as against SR0.43 in 1Q2014.
(Tadawul)
 SVCP BoD recommends SR22.5mn dividend for 2Q2015 –
Saudi Vitrified Clay Pipes Company’s (SVCP) board of directors
has recommended cash dividends for 2Q2015 at 15% of the
stock's par value or SR1.5 per share, totaling SR22.5mn.
Shareholders registered in the registers of the Securities
Depository Center (Tadawul) on June 30, 2015 will be eligible to
receive the dividends. (Tadawul)
 Saudi Ceramic seeks shareholders’ nod for capital increase
– Saudi Ceramic Company has invited its shareholders to
consider and approve the board of directors’ recommendation to
increase the company's capital by 33% from SR375mn to
SR500mn, through the issue of 1 bonus share for every 3
shares owned. The increase will be done through the
capitalization of SR125mn from retained earnings. This move is
intended to complement the expansion of the company’s
business and to strengthen its financial position. Shareholders
registered with the Securities Depository Center (Tadawul) at
the close of trading on the extraordinary general assembly day
on April 7, 2015 will be entitled to receive the dividend.
(Tadawul)
 Almarai AGM approves 10% cash dividend – Almarai
Company’s general assembly meeting (AGM) gave its nod for
the payment of cash dividend for the FY2014 at 10% of the
stock's par value, or SR1 per share, totaling SR600mn.
Shareholders of record on April 5, 2015 are eligible to receive
the dividends, which will be paid on April 12, 2015 via the
National Commercial Bank (NCB). (Tadawul)
 JLL: Jeddah real estate witnesses upward growth in
1Q2015 – Jones Lang LaSalle (JLL) in its Jeddah Real Estate
Overview report said that the real estate market in Jeddah,
Saudi Arabia, experienced an upward growth during 1Q2015
with the retail and hotel industry emerging as the top performers.
The residential sector, too, witnessed growth during the period
with sale prices in Jeddah rising at a steady pace. However, as
compared to last year the sector grew at a lower rate, with the
trend most evident in terms of villa prices that have edged up by
just 2.5% over 2014. According to JLL, the residential stock in
the city currently stands at around 775,000 units, with around
6,000 units completed during 1Q2015. (GulfBase.com)
 SAMA: ATMs in the Kingdom reach 15,906 – The Saudi
Arabian Monetary Agency (SAMA) has reported that the number
of bank branches in Saudi Arabia has increased to 1,931 in
February 2015, while the number of ATMs (Automated Teller
Machines) reached 15,906. The report revealed that the cash
withdrawals in February 2015 stood at SR72.7bn as compared
to SR60.3bn in January 2015. The number of selling points for
banks was recorded at 148,500, as compared to 143,500 in
January with 32.7mn operations and payments reaching over
SR14.3bn, as compared to around SR13.6bn in January.
(GulfBase.com)

4. Page 4 of 5
 Al Watania Poultry mulls stock market float – According to
sources, Al Watania Poultry has invited banks to pitch for the
financial adviser role on its stock market flotation. Bankers will
make formal presentations to the company in April 2015 and Al
Watania will decide on who will advise it on its Saudi listing by
the end of May 2015. (Reuters)
 SEC signs MoU with GE – Saudi Electricity Company (SEC)
and US-based GE have signed a MoU to set up a joint venture
(JV) that will extend operations and maintenance (O&M) support
to SEC’s power plants in the Kingdom. GE will extend its
advanced technologies and train SEC staff to undertake the
O&M services. The JV entity, which is expected to be
operational later in 2015, will undertake the O&M services for a
number of power plants of SEC across the Kingdom.
(GulfBase.com)
 UAE’s non-oil business growth hits 17-month low in March
– The UAE non-oil private sector business activity growth
slowed to a 17-month low in March 2015 with expansion of
output and new orders easing further. The HSBC UAE PMI,
which measures activity in the manufacturing and services
sector, fell to 56.3 points in March from 58.1 in February 2015.
The output growth dropped to 60.7 points from 64.3, while the
new order growth slowed to 61.6 from 63.3. The employment
growth fell to 51.3 points. Another report by Emirates NBD also
observed that the PMI declined for the third consecutive month
in March. (Bloomberg)
 Eight new hotels, serviced apartments to come up in DIP –
Dubai Investments Park (DIP) will witness construction of eight
new hotels and serviced apartments over the next five years,
amid surging demand and growth potential on offer due to the
development’s proximity to the Al Maktoum Airport and the Expo
2020 site. With the new projects, the total number of hotel rooms
within DIP will increase to approximately 2,000, which will further
boost DIP’s lodging capacity and pave the way for additional
accommodation for incoming business and leisure travelers to
Dubai, besides creating a number of employment opportunities.
(DFM)
 Spain-based Indra Sistemas wins Kuwait traffic contract –
Spain-based Indra Sistemas has won a €16.3mn contract to
develop a new traffic monitoring system in the capital of Kuwait.
(Reuters)
 Aayan seeks rescheduling of KD176mn debt – Kuwait-based
Aayan Leasing & Investment has requested its creditors to
reschedule the remaining debts worth KD176mn. Aayan, which
was hit hard by the 2008 global financial crisis, restructured part
of its debt burden in 2012, which helped reduce its obligations
from KD333mn to KD176mn currently. The company now seeks
to reschedule the remaining debts after the central bank eased
rules, compared with 2012, allowing repayment of debts over an
extended period of time. (Reuters)
 Bank Dhofar BoD approves rights issue ratio – Bank
Dhofar’s board of directors has approved the rights issue ratio of
105 new shares for every 1,000 shares held by the shareholder
on the record date. The rights are priced at 275 baizas per share
plus issue expense of 1 baiza per share. The rights issue is
subject to receipt of necessary approvals from the Central Bank
of Oman (CBO) and the Capital Market Authority. (MSM)
 OIF’s Wasel Exchange begins operations – Oman Investment
& Finance (OIF) has informed that its wholly-owned subsidiary,
Wasel Exchange has commenced operations of its head office
and the first branch at Ghala. (MSM)
 NBO’s AGM approves cash, stock dividend – National Bank
of Oman’s (NBO) annual general meeting has approved the
distribution of a 17% cash dividend (17 baizas per share) and
10% stock dividend (one share for every ten shares held) for the
year ended December 31, 2014. (GulfBase.com)
 Ominvest recommends 30% dividend – Oman International
Development & Investment Company (Ominvest) has
recommended 30% dividend, comprising 20% cash and 10%
stock dividend. (GulfBase.com)
 Alba production rises 2.4% in 1Q2015 – Aluminum Bahrain
(Alba) has reported that its sales reached 228,307 metric tons
(mt) in 1Q2015, increasing 1,835 mt from 226,472 mt in
1Q2014. Meanwhile, the production jumped by 2.4% to 237,774
mt as compared to 232,298 mt in 1Q2014. In addition, Alba
closed 1Q2015 with its value-added sales averaging 64% of
total shipments versus 66% in 2014. (Bahrain Bourse)
 GPIC records 4% production surge in 1Q2015 – Gulf
Petrochemical Industries Company (GPIC) has registered a 4%
increase in production in 1Q2015, with total production of
ammonia, urea and methanol amounting to 255,000 tons. GPIC
President Dr. Abdulrahman Jawahery said that the increase was
despite the negative impact of declining oil & gas prices on
ammonia, methanol and urea markets and a slump in demand
for these products since the beginning of 2015. He said there
was also a significant improvement in the overall supply level,
which led to a marked fall in prices, thus presenting a challenge
for producers to maintain their share in the global market. GPIC
exported 274,000 tons in 1Q2015, which is also an increase of
4% over what had been planned for the period. (GulfBase.com)

5. Contacts
Saugata Sarkar Ahmed Al-Khoudary Sahbi Kasraoui
Head of Research Head of Sales Trading – Institutional Manager – HNWI
Tel: (+974) 4476 6534 Tel: (+974) 4476 6548 Tel: (+974) 4476 6544
saugata.sarkar@qnbfs.com.qa ahmed.alkhoudary@qnbfs.com.qa sahbi.alkasraoui@qnbfs.com.qa
QNB Financial Services SPC
Contact Center: (+974) 4476 6666
PO Box 24025
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
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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
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Page 5 of 5
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns;
#
Market closed on 06 April 2015)
80.0
100.0
120.0
140.0
160.0
180.0
200.0
220.0
Mar-11 Mar-12 Mar-13 Mar-14 Mar-15
QSE Index S&P Pan Arab S&P GCC
0.3%
(0.3%)
0.1%
0.6%
0.2% 0.3%
1.2%
(0.6%)
0.0%
0.6%
1.2%
1.8%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,214.85 1.0 1.0 2.5 MSCI World Index 1,764.49 0.8 0.8 3.2
Silver/Ounce 16.99 (1.5) (1.5) 8.2 DJ Industrial 17,880.85 0.7 0.7 0.3
Crude Oil (Brent)/Barrel (FM
Future)
58.12 5.8 5.8 1.4 S&P 500 2,080.62 0.7 0.7 1.1
Crude Oil (WTI)/Barrel (FM
Future)
52.14 6.1 6.1 (2.1) NASDAQ 100 4,917.32 0.6 0.6 3.8
Natural Gas (Henry
Hub)/MMBtu
2.62 1.2 1.2 (12.6) STOXX 600#
397.80 0.0 0.0 4.4
LPG Propane (Arab Gulf)/Ton 52.88 2.9 2.9 7.9 DAX#
11,967.39 0.0 0.0 9.2
LPG Butane (Arab Gulf)/Ton 60.50 2.1 2.1 (3.6) FTSE 100#
6,833.46 0.0 0.0 (0.9)
Euro 1.09 (0.4) (0.4) (9.7) CAC 40#
5,074.14 0.0 0.0 6.8
Yen 119.54 0.5 0.5 (0.2) Nikkei 19,397.98 (0.3) (0.3) 11.4
GBP 1.49 (0.3) (0.3) (4.5) MSCI EM 1,005.86 1.2 1.2 5.2
CHF 1.04 (0.8) (0.8) 3.7 SHANGHAI SE Composite#
3,863.93 0.0 0.0 20.6
AUD 0.76 (0.5) (0.5) (7.1) HANG SENG #
25,275.64 0.0 0.0 7.1
USD Index 96.78 0.2 0.2 7.2 BSE SENSEX 28,504.46 1.1 1.1 5.4
RUB 55.46 (2.1) (2.1) (8.7) Bovespa 53,737.26 2.6 2.6 (8.0)
BRL 0.32 (0.2) (0.2) (15.2) RTS 971.08 4.4 4.4 22.8
168.6
130.5
119.2