The QSE Index declined 0.3% to close at 10,390.6.

1. Page 1 of 6
QSE Intra-Day Movement
Qatar Commentary
The QSE Index declined 0.3% to close at 10,390.6. Losses were led by the Consumer
Goods & Services and Telecoms indices, falling 0.9% and 0.6%, respectively. Top
losers were Ahli Bank and Medicare Group, falling 5.3% and 3.6%, respectively.
Among the top gainers, Al Khaleej Takaful Group rose 2.8%, while Qatar German Co.
for Medical Devices was up 1.7%.
GCC Commentary
Saudi Arabia: The TASI Index rose 0.8% to close at 7,001.6. Gains were led by the
Retailing and Capital Goods indices, rising 2.2% and 1.9%, respectively. Taiba
Holding Co. rose 8.9%, while Bank Aljazira was up 7.3%.
Dubai: The DFM Index gained 1.0% to close at 3,480.4. The Industrial index rose
3.3%, while the Consumer Staples index gained 1.8%. Hits Telecom Holding rose
11.3%, while International Financial Advisors was up 8.5%.
Abu Dhabi: The ADX benchmark index rose 0.2% to close at 4,443.5. The Services
index gained 3.3%, while the Consumer Staples index rose 1.5%. Abu Dhabi
Aviation Co. gained 7.4%, while Eshraq Properties Co. was up 4.9%.
Kuwait: The KSE Index rose 0.3% to close at 7,029.4. The Telecommunication index
gained 2.6%, while the Health Care index rose 2.0%. National Slaughter House Co.
gained 10.0%, while Zima Holding Co. was up 9.1%.
Oman: The MSM Index fell 0.1% to close at 5,550.6. Losses were led by the Services
and Financial indices, falling 0.4% and 0.1%, respectively. Port Services
Corporation fell 10.0%, while Al Hassan Engineering was down 8.5%.
Bahrain: The BHB Index fell 1.8% to close at 1,356.0. The Commercial Banks index
declined 4.0%, while the Services index fell 2.0%. BBK declined 8.1%, while Al Ahli
United Bank was down 5.9%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Al Khaleej Takaful Group 21.70 2.8 10.1 2.8
Qatar German Co. for Medical Dev. 9.90 1.7 15.8 (2.0)
Doha Bank 31.40 1.3 374.1 (6.8)
Mazaya Qatar Real Estate Dev. 14.43 1.3 1,126.3 0.3
Qatar International Islamic Bank 68.50 1.2 794.0 9.1
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Vodafone Qatar 9.34 (1.4) 1,937.4 (0.3)
Mazaya Qatar Real Estate Dev. 14.43 1.3 1,126.3 0.3
Ezdan Holding Group 15.80 (0.4) 1,081.1 4.6
Masraf Al Rayan 42.15 (0.8) 841.0 12.1
Qatar International Islamic Bank 68.50 1.2 794.0 9.1
Market Indicators 30 Mar 17 29 Mar 17 %Chg.
Value Traded (QR mn) 334.6 289.4 15.6
Exch. Market Cap. (QR mn) 556,345.3 558,573.6 (0.4)
Volume (mn) 10.4 11.6 (10.2)
Number of Transactions 4,323 4,130 4.7
Companies Traded 42 42 0.0
Market Breadth 14:25 15:21 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 17,220.93 (0.3) (0.5) 2.0 15.4
All Share Index 2,924.40 (0.4) (0.5) 1.9 14.9
Banks 3,011.36 (0.4) (1.0) 3.4 13.3
Industrials 3,300.48 (0.4) (0.4) (0.2) 20.2
Transportation 2,328.07 (0.0) (0.9) (8.6) 13.1
Real Estate 2,385.61 (0.3) 1.4 6.3 15.7
Insurance 4,279.45 0.2 0.1 (3.5) 17.0
Telecoms 1,187.35 (0.6) (3.8) (1.5) 19.9
Consumer 6,422.11 (0.9) (0.8) 8.9 13.9
Al Rayan Islamic Index 4,119.06 (0.5) (0.4) 6.1 17.0
GCC Top Gainers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Taiba Holding Co. Saudi Arabia 44.37 8.9 562.7 10.4
Bank Aljazira Saudi Arabia 16.53 7.3 12,047.4 16.5
Nat. Mobile Telecom. Kuwait 1.18 5.4 6.2 (1.7)
United Real Estate Co. Kuwait 0.10 5.1 383.5 10.6
Abu Dhabi Nat. Hotels Abu Dhabi 3.14 4.7 460.5 (0.9)
GCC Top Losers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
BBK Bahrain 0.36 (8.1) 35.1 (9.0)
Al Ahli United Bank Bahrain 0.72 (5.9) 163.1 23.8
Ithmaar Holding Bahrain 0.16 (5.9) 50.0 28.0
Com. Bank of Kuwait Kuwait 0.43 (5.5) 6.6 4.9
Ahli Bank Qatar 34.00 (5.3) 0.7 (8.5)
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%
Ahli Bank 34.00 (5.3) 0.7 (8.5)
Medicare Group 95.70 (3.6) 81.2 52.1
Qatar Islamic Insurance Co. 63.00 (2.8) 49.0 24.5
Qatari Investors Group 61.20 (1.9) 32.9 4.6
National Leasing 19.05 (1.6) 624.3 24.3
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Qatar International Islamic Bank 68.50 1.2 54,300.1 9.1
Masraf Al Rayan 42.15 (0.8) 35,536.8 12.1
QNB Group 146.10 (0.5) 31,993.0 (1.3)
Barwa Real Estate Co. 35.75 (0.3) 23,446.0 7.5
Vodafone Qatar 9.34 (1.4) 18,210.7 (0.3)
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* 10,390.60 (0.3) (0.5) (2.9) (0.4) 91.89 152,828.0 15.4 1.5 3.7
Dubai 3,480.43 1.0 0.5 (4.1) (1.4) 108.29 106,896.7 14.8 1.3 3.9
Abu Dhabi 4,443.53 0.2 (1.2) (2.4) (2.3) 165.95 116,820.0 16.7 1.4 5.4
Saudi Arabia 7,001.63 0.8 1.8 0.4 (2.9) 927.96 436,702.6 17.4 1.6 3.4
Kuwait 7,029.43 0.3 (0.2) 3.6 22.3 82.55 93,685.7 21.8 1.3 3.4
Oman 5,550.60 (0.1) (1.5) (4.0) (4.0) 9.93 22,330.2 11.0 1.1 5.3
Bahrain 1,355.99 (1.8) (1.4) 0.5 11.1 5.79 21,713.9 8.9 0.8 5.8
Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
10,300
10,350
10,400
10,450
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 10,390.6. The Consumer Goods
& Services and Telecoms indices led the losses. The index fell on the
back of selling pressure from Qatari shareholders despite buying support
from non-Qatari and GCC shareholders.
 Ahli Bank and Medicare Group were the top losers, falling 5.3% and
3.6%, respectively. Among the top gainers, Al Khaleej Takaful Group
rose 2.8%, while Qatar German Co. for Medical Devices was up 1.7%.
 Volume of shares traded on Thursday fell by 10.2% to 10.4mn from
11.6mn on Wednesday. Further, as compared to the 30-day moving
average of 13.2mn, volume for the day was 21.2% lower. Vodafone
Qatar and Mazaya Qatar Real Estate Development were the most active
stocks, contributing 18.7% and 10.9% to the total volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Global Economic Data and Earnings Calendar
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
03/30 US Bureau of Economic Analysis GDP Price Index 4Q2016 2.1% 2.0% 2.0%
03/30 US Bureau of Economic Analysis GDP Annualized QoQ 4Q2016 2.1% 2.0% 1.9%
03/30 US Department of Labor Initial Jobless Claims 25-March 258k 247k 261k
03/30 US Department of Labor Continuing Claims 18-March 2,052k 2,031k 1,987k
03/31 UK UK Office for National Statistics GDP QoQ 4Q2016 0.7% 0.7% 0.7%
03/31 UK UK Office for National Statistics GDP YoY 4Q2016 1.9% 2.0% 2.0%
03/30 EU European Commission Economic Confidence March 107.9 108.3 108
03/30 EU European Commission Industrial Confidence March 1.2 1.4 1.3
03/30 EU European Commission Services Confidence March 12.7 14 13.9
03/30 EU European Commission Consumer Confidence March -5 -5 -5
03/31 EU Eurostat CPI Estimate YoY March 1.5% 1.8% 2.0%
03/31 EU Eurostat CPI Core YoY March 0.7% 0.8% 0.9%
03/30 Germany German Federal Statistical Office CPI MoM March 0.2% 0.4% 0.6%
03/30 Germany German Federal Statistical Office CPI YoY March 1.6% 1.8% 2.2%
03/31 Germany Deutsche Bundesbank Unemployment Change (000's) March -30k -10k -14k
03/31 France INSEE CPI MoM March 0.6% 0.7% 0.1%
03/31 France INSEE CPI YoY March 1.1% 1.2% 1.2%
03/31 France INSEE PPI MoM February -0.2% – 1.0%
03/31 France INSEE PPI YoY February 3.9% – 3.6%
03/31 France INSEE Consumer Spending MoM February -0.8% 0.1% 0.6%
03/31 France INSEE Consumer Spending YoY February 0.5% 1.1% 1.7%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
Earnings Calendar
Tickers Company Name Date of reporting 1Q2017 results No. of days remaining Status
QIBK Qatar Islamic Bank 16-Apr-17 14 Due
UDCD United Development Company 17-Apr-17 15 Due
ABQK Al Ahli Bank 17-Apr-17 15 Due
QEWS Qatar Electricity & Water Company 17-Apr-17 15 Due
DHBK Doha Bank 19-Apr-17 17 Due
KCBK Al Khaliji 19-Apr-17 17 Due
MARK Masraf Al Rayan 24-Apr-17 22 Due
AKHI Al Khaleej Takaful Insurance 27-Apr-17 25 Due
Source: QSE
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 30.11% 40.10% (33,402,613.31)
Qatari Institutions 30.24% 24.80% 18,217,704.26
Qatari 60.35% 64.90% (15,184,909.05)
GCC Individuals 0.69% 0.45% 798,004.41
GCC Institutions 4.37% 0.53% 12,857,138.22
GCC 5.06% 0.98% 13,655,142.63
Non-Qatari Individuals 8.03% 7.57% 1,523,048.55
Non-Qatari Institutions 26.56% 26.56% 6,717.87
Non-Qatari 34.59% 34.13% 1,529,766.42

3. Page 3 of 6
News
Qatar
 QSE announces trading suspension in the shares of MARK on
April 2 – Qatar Stock Exchange (QSE) announced trading
suspension in the shares of Masraf al Rayan (MARK) on April 2,
2017 due to its AGM being held on the day. (QSE)
 QSE index, QSE Al Rayan Islamic index and QSE All Share
Index experience change in components – Medicare Group will
replace Mazaya Qatar in QSE Index. Qatar First Bank will join
QSE Al Rayan Islamic Index. Qatar First Bank will join QSE All
Share Index and QSE Banks and Financial Services Index. (QSE)
 QIBK to disclose its 1Q2017 financial statements on April 16 –
Qatar Islamic bank (QIBK) announced it would disclose its
1Q2017 financial statements on April 16, 2017. (QSE)
 AKHI to disclose its 1Q2017 financial statements on April 27 –
Al-Khaleej Takaful Group (AKHI) announced its intent to
disclose its 1Q2017 financial statements on April 27, 2017.
(QSE)
 QISI’s AGM endorses all items on its agenda and approves the
distribution of 35% cash dividend – Qatar Islamic Insurance
Company (QISI) announced the results of the Ordinary General
Assembly Meetings (AGM) held on March 29, 2017. The
shareholders have approved the board of directors’ proposal to
distribute to the shareholders cash dividends at the rate of 35%
of the nominal value of the share equivalent to QR3.5 per share.
(QSE)
 MDPS: CPI inflation in Qatar rose 2% YoY in 4Q2016 – Qatar’s
consumer price index (CPI) inflation increased 2% YoY in
4Q2016, primarily on higher expenses towards transport,
recreation, education, furnishing and housing and utilities. The
CPI inflation, however, was down 0.1% compared to 3Q2016,
mainly owing to lower prices for recreation as well as food and
non-alcoholic beverages, according to the Ministry of
Development Planning and Statistics (MDPS). The Transport
index, which has a 14.59% weight in the CPI basket, surged
5.5% YoY in 4Q2016 but fell 0.1% QoQ. Personal transport
became costlier by 14%, transport services by 3.4% and
vehicles purchase by 1% YoY. The Recreation and Culture
index, which has a 12.68% weight in the CPI basket, expanded
5.4% YoY in 4Q2016 but fell 2.3% QoQ. Package holidays
became costlier by 6.1% YoY, recreation and culture services by
1.7%, and newspapers, books and stationary by 0.8%. (Gulf-
Times.com)
 Qatar Museums, QDB team up to support SMEs across Qatar –
Qatar Museums (QM) and Qatar Development Bank (QDB) have
partnered to provide small and medium-sized enterprises
(SMEs) with new business opportunities within each
organization as part of efforts to support the private sector,
including SMEs across Qatar. QM and QDB are calling on SMEs
in the fields of hospitality, food & beverage, merchandising,
retail, and creative products and design to develop and submit
ideas on how they can add value to have the chance to join QM
and QDB’s growing supply chain. QM will appoint SMEs in the
related industry sectors, while QDB will design SME-friendly
programs and assist in sourcing and selecting the SMEs to
accommodate their needs. The partnership forms part of a
nationwide strategy to promote and accelerate the
development of the private sector in Qatar, and falls in line with
the economic pillar of the Qatar National Vision 2030. (Gulf-
Times.com)
 Msheireb awards JV contract to Teyseer & CCC – Msheireb
Properties, developer of Msheireb Downtown Doha and Qatar’s
leading sustainable real estate developer, announced, it has
awarded the contract for major construction work of phase four
to Teyseer Contracting Company and Consolidated Contractors
Company (CCC). Spread over 132,000 square meters of gross
floor area Phase Four is the last phase to complete Msheireb
Downtown Doha. Featuring the development’s tallest building,
phase four will consist of a major public plaza and 11 mixed-use
buildings, which include commercial offices, residential and
retail space, 5-star hotels, medical office building containing
clinical and administrative spaces, and six car parking
basements. This vibrant area will also offer residents and
tenants access to Msheireb station, the largest Doha Metro
station, which marks the crossing of Qatar Rail’s three metro
lines, the Red, Green and Gold Lines. (Peninsula Qatar)
 Ministry: Fuel price in Qatar moderate – The Ministry of Energy
and Industry said that revision of fuel prices in Qatar in line
with international prices is intended to rationalize the use of
fuel in the country and mitigate the negative environmental
impacts. The ministry said in a statement that the prices of fuel
in Qatar are on an average compared to the prices in other GCC
states. The move is also aimed to curb fuel smuggling and
ensure optimal use of the country’s resources. (Peninsula
Qatar)
International
 US consumer spending slows, but inflation is rising – US
consumer spending barely rose in February amid delays in the
payment of income tax refunds, but the biggest annual increase
in inflation in nearly five years supported expectations of
further interest rate hikes this year. The slowdown in consumer
spending reported by the Commerce Department on March 31,
2017 is, however, likely to be temporary with consumer
confidence at a more than 16-year high and a tightening labor
market pushing up wage growth. The Commerce Department
said consumer spending, which accounts for more than two-
thirds of US economic activity, edged up 0.1%. That was the
smallest gain since August and followed an unrevised 0.2% rise
in January. Economists had expected a 0.2% increase. The
government delayed the issuing of tax refunds this year as part
of efforts to combat fraud. Spending last month was held back
by a 0.1% dip in purchases of big-ticket items like automobiles.
While unseasonably warm weather lowered households'
heating bills, it restricted spending growth last month.
(Reuters)
 German unemployment falls more than expected in March –
German unemployment fell by more than expected in March,
data from the Federal Labor Office showed, signaling that the
robust labor market will continue to be the foundation for
growth in Europe's largest economy. The seasonally adjusted
jobless total fell by 30,000 to 2.556mn, the Labor Office said.
That was more than the predicted fall of 10,000 in a Reuters
poll. The adjusted unemployment rate fell to 5.8% from 5.9% in
February, reaching the lowest level since German reunification
in 1990. (Reuters)

4. Page 4 of 6
 Caixin PMI: China March factory activity expands but at slower
pace – Activity at China's factories expanded for a ninth
straight month in March but at a softer pace as new export
orders slowed, a private survey showed, raising questions about
whether a recent pickup in global demand is losing steam. The
Caixin/Markit Manufacturing Purchasing Managers' index
(PMI) fell to 51.2 in March, missing economist’s forecasts of
51.6 and down from February's 51.7. While the index was still
well above the 50.0 mark which separates expansion from
contraction on a monthly basis, the rates of growth in output,
total new orders, input and output prices all slipped in March
from the previous month. Growth in export orders slowed
sharply, falling to a three-month low of 51.9 from 53.8 in
February. The findings contrast with those of China's official
factory survey, which showed activity grew the fastest in
nearly 5 years in March. It also showed orders improved from
home and abroad. (Reuters)
Regional
 GCC's total bond & Sukuk issuances at $167.54bn – Kuwait
Financial Centre “Markaz” has highlighted the trends
pertaining to bonds and Sukuk issuances in the GCC region
during 2016. The report stated that the aggregate primary
issuance of bonds and Sukuk by GCC entities, including Central
Banks Local Issuances (CBLI), GCC Sovereign and Corporate
Issuances, totaled $167.54bn in 2016, a 41.20% increase from
the total amount raised in 2015. A substantial increase in
activities can be mainly attributable to sovereign issues by GCC
governments as a response to plug the budget deficits due to
persistently low oil prices. Saudi Arabia was the lead issuer in
the GCC during 2016. During 2016, a total of $65.104bn was
raised by the GCC central banks, namely by the Central Bank of
Kuwait, Bahrain, Qatar, and Oman. The Central Bank of Kuwait
raised the highest amount with $37.134bn, representing
57.04% of the total amount raised by CBLIs through 65
issuances. (Peninsula Qatar)
 Fitch downgrades nine Saudi Arabian Bank’s following
sovereign downgrade – Fitch Ratings has downgraded the
Long-Term Issuer Default Ratings (IDRs) of nine Saudi Arabian
banks. The affected banks are Al Rajhi Bank (ARB), National
Commercial Bank (NCB), Riyad Bank, SAMBA Financial Group
(SAMBA), Arab National Bank (ANB), Alawwal Bank (AAB),
Saudi Investment Bank (SAIB), Alinma Bank, and Bank Aljazira
(BAJ). Fitch has also downgraded the Long-Term IDR of BAJ's
wholly owned capital markets subsidiary Aljazira Capital (AJC).
Fitch has also downgraded the Long-Term IDR of BAJ's wholly
owned capital markets subsidiary Aljazira Capital (AJC). The
IDRs of Banque Saudi Fransi (BSF) and Saudi British Bank
(SABB), as well as the Viability Ratings (VRs) of all banks are
unaffected by the sovereign rating action, as it is believed that
the rationale for the sovereign downgrade is already considered
in Fitch's assessment of the bank's standalone
creditworthiness. The outlook on the Long-Term IDRs of all
nine banks and AJC has been revised back to ‘Stable’ from
‘Negative’. The outlook on the Long-Term IDRs of BSF and
SABB remains ‘Negative’ as their IDRs are driven by their
respective VRs, which are unaffected. Following the downgrade
of the sovereign rating, Fitch has revised downwards the
Support Rating Floors (SRFs) of all 11 banks in Saudi Arabia by
one notch. The Short-Term IDRs of ARB, NCB, Riyad and
SAMBA have been affirmed at 'F1'. The Short-Term IDRs of
AAB, Alinma, ANB, BAJ, SAIB and AJC have been affirmed at
'F2'. (Bloomberg)
 Saudi Aramco formally appoints banks to advice on share sale –
According to sources, Saudi Aramco has formally appointed
JPMorgan Chase & Co., Morgan Stanley and HSBC as
international financial advisers for its initial public offering.
The trio joins Moelis & Co. and Evercore, which have been
appointed independent financial advisers. The company has
also appointed Saudi Arabia's NCB Capital and Samba Capital
as local advisers. (Reuters)
 Saudi Arabian top 20 brands valued at $37bn – The first BrandZ
brand valuation ranking of Saudi Arabian brands by WPP and
global research specialists Kantar Millward Brown, in
partnership with Prince Mohammad bin Salman College of
Business and Entrepreneurship (MBSC), showed that Saudi
Telecom Company (STC) is the most valuable brand in the
Kingdom worth $6.6bn. In the first ranking of its kind in Saudi
Arabia, the findings show that the Top 20 brands are worth a
combined brand value of $37bn. BrandZ brand valuation studies
are the largest brand-building platform worldwide and the only
consumer-focused source of brand equity knowledge and
insight. (GulfBase.com)
 UAE healthcare market on track to top $28bn – A shift in
demand for preventive care, a rise in specialist services and
digital health will drive the UAE healthcare market to surge
from the current $17bn to over $28bn by 2021. According to
Mena Research Partners (MRP), more efficiently integrated
healthcare solutions, as well as the high growth potential
within specific medical device and pharmaceutical sub-sectors
will be the other factors that will contribute to a massive 60%
growth of the healthcare sector in the UAE in five years.
Medical tourism and mandatory insurance will also contribute
to the sector’s growth. The country aims to achieve a world-
class healthcare system and become among the leading
countries, not only regionally, but in the world in terms of
quality of healthcare, according to the UAE Vision 2021
National Agenda. To achieve that, the National Agenda
emphasizes the importance of preventive medicine and seeks to
reduce lifestyle-related diseases to ensure a longer, healthier
life for citizens. (GulfBase.com)
 Damac to approve dividends at AGM on April 16 – Damac
Properties said it plans to hold its Annual General Meeting
(AGM) on April 16, when shareholders will approve dividends
for last year among other items on the agenda. The board had
approved a distribution of cash dividend to shareholders
amounting to 25% of the share capital or 25 fils per share.
(GulfBase.com)
 Gulf Investment Corp acquires 35% stake in Sudair
Pharmaceuticals – Gulf Investment Corporation which is based
in Kuwait announced that it has successfully completed
acquisition of a significant minority stake in Sudair
Pharmaceuticals Company. Mohammad Abdulaziz Al-Fares,
Head of Diversified Projects Division, Gulf Investment
Corporation, said “In line with the strategy of Gulf Investment
Corporation to invest in the healthcare and pharmaceutical
sector, the corporation has entered as a major investor with a

5. Page 5 of 6
stake of 35% of the share capital of Sudair Pharmaceuticals
Company, which will enhance the role of the corporation in the
development of the specialized pharmaceutical industries
sector in the region. In addition, this type of vital investments
will effectively contribute to the support of drug security by
providing these products of a sensitive nature to a critical
segment of patients at competitive prices in accordance with
the highest international standards.” (GulfBase.com)
 Bank Dhofar EGM approves increase of authorized capital to
OMR500mn – The Extraordinary General Meeting (EGM)
approved the increase of authorized capital from OMR220mn to
OMR500mn and amendment of Articles of Association. Also
approved was the update for the setup of the Euro Medium
Term Note (EMTN) program. (GulfBase.com)
 Small industries get a boost from Sharakah – Sharakah’s total
investment in Small and Medium Enterprises (SMEs) rose by
OMR27,000 to OMR807,000, despite the challenges the
economy is facing due to the financial crisis. Sharakah has
supported 127 projects since establishment and the total
investment in SMEs has exceeded OMR5.4mn. The majority of
SMEs supported by Sharakah are performing well and a number
of them have either opened additional branches or expanded
their market reach. (GulfBase.com)
 Batelco AGM approves $110.3mn cash dividend – The Annual
General Meeting (AGM) of Batelco Group approved a full year
cash dividend of $110.3mn, at a value of 25 fils per share, for
2016. The meeting, held at Batelco’s Hamala headquarters, was
attended by shareholders, company directors and executive
management. Out of the approved dividend, 10 fils per share
was already paid during 3Q2016 with the remaining 15 fils to be
paid in the coming weeks. (GulfBase.com)

6. Contacts
Saugata Sarkar Shahan Keushgerian Zaid al-Nafoosi, CMT, CFTe
Head of Research Senior Research Analyst Senior Research Analyst
Tel: (+974) 4476 6534 Tel: (+974) 4476 6509 Tel: (+974) 4476 6535
saugata.sarkar@qnbfs.com.qa shahan.keushgerian@qnbfs.com.qa zaid.alnafoosi@qnbfs.com.qa
Mohamed Abo Daff QNB Financial Services Co. W.L.L.
Senior Research Analyst Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6589 PO Box 24025
mohd.abodaff@qnbfs.com.qa Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services Co. W.L.L. (“QNBFS”) a wholly-owned subsidiary of Qatar National Bank (Q.P.S.C.). QNBFS is
regulated by the Qatar Financial Markets Authority and the Qatar Exchange. Qatar National Bank (Q.P.S.C.) 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
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accurate or complete. QNBFS does not make any representations or warranties as to the accuracy and completeness of the information it may contain, and declines any liability in that respect.
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Page 6 of 6
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
70.0
90.0
110.0
130.0
150.0
170.0
Mar-13 Mar-14 Mar-15 Mar-16 Mar-17
QSE Index S&P Pan Arab S&P GCC
0.8%
(0.3%)
0.3%
(1.8%)
(0.1%)
0.2%
1.0%
(2.1%)
(1.4%)
(0.7%)
0.0%
0.7%
1.4%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,249.35 0.5 0.5 8.4 MSCI World Index 1,853.69 (0.3) 0.4 5.9
Silver/Ounce 18.27 0.8 2.8 14.7 DJ Industrial 20,663.22 (0.3) 0.3 4.6
Crude Oil (Brent)/Barrel (FM Future) 52.83 (0.2) 4.0 (7.0) S&P 500 2,362.72 (0.2) 0.8 5.5
Crude Oil (WTI)/Barrel (FM Future) 50.60 0.5 5.5 (5.8) NASDAQ 100 5,911.74 (0.0) 1.4 9.8
Natural Gas (Henry Hub)/MMBtu 3.10 0.9 6.2 (15.8) STOXX 600 381.14 0.1 0.2 7.0
LPG Propane (Arab Gulf)/Ton 61.25 0.2 6.5 (15.1) DAX 12,312.87 0.4 1.0 8.8
LPG Butane (Arab Gulf)/Ton 63.25 (1.6) 2.8 (45.9) FTSE 100 7,322.92 (0.1) 0.2 4.2
Euro 1.07 (0.2) (1.4) 1.3 CAC 40 5,122.51 0.6 1.0 6.8
Yen 111.39 (0.5) 0.0 (4.8) Nikkei 18,909.26 (0.7) (2.2) 3.7
GBP 1.26 0.7 0.6 1.7 MSCI EM 958.37 (1.1) (1.1) 11.1
CHF 1.00 (0.2) (1.1) 1.6 SHANGHAI SE Composite 3,222.51 0.6 (1.4) 4.8
AUD 0.76 (0.2) 0.1 5.8 HANG SENG 24,111.59 (0.8) (1.1) 9.3
USD Index 100.35 (0.1) 0.7 (1.8) BSE SENSEX 29,620.50 (0.2) 1.5 16.6
RUB 56.24 0.3 (1.2) (8.6) Bovespa 64,984.07 (0.3) 1.3 12.1
BRL 0.32 0.9 (0.4) 4.2 RTS 1,113.76 (2.1) (1.0) (3.3)
121.8
101.3
99.7