The QSE Index rose 1.6% to close at 10,600.0.

1. Page 1 of 5
QSE Intra-Day Movement
Qatar Commentary
The QSE Index rose 1.6% to close at 10,600.0. Gains were led by the Banks &
Financial Services and Telecoms indices, gaining 2.1% and 1.5%, respectively. Top
gainers were National Leasing and Dlala Brokerage & Investments Holding Co., rising
4.2% each. Among the top losers, Qatar General Insurance & Reinsurance Co. fell
8.5%, while Gulf Warehousing Co. was down 1.2%.
GCC Commentary
Saudi Arabia: The TASI Index rose marginally to close at 7,250.8. Gains were led by
the Energy & Utilities and Building & Construction indices, rising 2.4% and 1.8%,
respectively. Arabian Shield Coop. Ins. rose 9.9%, while Nat. Gypsum was up 9.8%.
Dubai: The DFM Index gained 1.8% to close at 3,602.3. The Industrial index rose
10.4%, while the Insurance index gained 4.4%. Dubai Islamic Insurance and
Reinsurance Co. rose 14.9%, while Islamic Arab Insurance Co. was up 11.2%.
Abu Dhabi: The ADX benchmark index rose 1.2% to close at 4,590.3. The Insurance
index gained 3.4%, while the Investment & Financial Services index rose 2.5%. Al
Wathba National Insurance gained 14.1%, while Al Khazna Insurance was up 4.9%.
Kuwait: The KSE Index declined marginally to close at 5,775.0. The Technology fell
1.7%, while the Consumer Services index declined 1.1%. Yiaco Medical Co. fell
7.0%, while Combined Group Contracting Co. was down 6.7%.
Oman: The MSM Index rose 0.6% to close at 5,732.7. Gains were led by the Services
and Financial indices, rising 0.5% and 0.4%, respectively. Oman Fisheries rose
3.2%, while Ooredoo was up 2.7%.
Bahrain: The BHB Index fell 0.7% to close at 1,211.1. The Commercial Banks index
declined 1.1%, while the Investment index fell 0.6%. Al Salam Bank declined 7.0%,
while United Gulf Bank was down 5.7%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
National Leasing 16.00 4.2 447.3 4.4
Dlala Brokerage & Inv. Holding Co. 22.89 4.2 360.4 6.5
Commercial Bank 32.90 3.5 119.7 1.2
Qatar Insurance Co. 87.00 2.8 122.2 2.6
Gulf International Services 32.20 2.7 359.4 3.5
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Vodafone Qatar 9.52 1.1 1,480.3 1.6
Ezdan Holding Group 15.30 1.2 947.7 1.3
Mazaya Qatar Real Estate Dev. 14.44 1.5 757.2 0.3
Masraf Al Rayan 38.50 2.5 579.5 2.4
National Leasing 16.00 4.2 447.3 4.4
Market Indicators 03 Jan 16 02 Jan 16 %Chg.
Value Traded (QR mn) 244.3 136.1 79.5
Exch. Market Cap. (QR mn) 571,087.4 563,061.0 1.4
Volume (mn) 7.7 4.4 76.3
Number of Transactions 3,315 1,924 72.3
Companies Traded 43 42 2.4
Market Breadth 29:8 16:21 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 17,150.01 1.6 1.6 1.6 15.4
All Share Index 2,905.91 1.4 1.3 1.3 14.3
Banks 2,961.56 2.1 1.7 1.7 12.7
Industrials 3,360.77 1.0 1.6 1.6 18.6
Transportation 2,554.59 (0.0) 0.3 0.3 13.0
Real Estate 2,267.43 1.3 1.0 1.0 18.5
Insurance 4,472.05 1.0 0.8 0.8 11.6
Telecoms 1,221.11 1.5 1.2 1.2 22.1
Consumer 5,871.83 0.1 (0.4) (0.4) 11.6
Al Rayan Islamic Index 3,938.82 1.0 1.4 1.4 17.1
GCC Top Gainers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Ithmaar Bank Bahrain 0.14 8.0 1,070.0 8.0
DP World Ltd. Dubai 18.90 5.0 214.1 7.9
Union National Bank Abu Dhabi 4.50 4.7 101.1 (0.9)
Drake & Scull Int. Dubai 0.51 4.6 207,905.1 5.2
Arabtec Holding Co. Dubai 1.39 4.5 81,977.5 6.1
GCC Top Losers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Nat. Bank of Fujairah Abu Dhabi 4.31 (9.8) 39.8 (9.8)
Qatar Gen. Ins. & Reins. Qatar 43.00 (8.5) 0.4 (8.5)
Combined Group Cont. Kuwait 0.56 (6.7) 20.0 (6.7)
BBK Bahrain 0.38 (4.5) 19.0 (4.5)
Samba Financial Group Saudi Arabia 23.31 (2.8) 1,220.9 (4.3)
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 General Insurance & Reins. 43.00 (8.5) 0.4 (8.5)
Gulf Warehousing Co. 57.30 (1.2) 126.0 2.3
Qatar First Bank 10.10 (1.0) 272.7 (1.9)
Widam Food Co. 66.50 (0.7) 37.7 (2.2)
Al Khalij Commercial Bank 16.75 (0.6) 37.2 (1.5)
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Industries Qatar 120.00 0.8 42,628.9 2.1
QNB Group 166.00 2.5 22,912.0 1.9
Masraf Al Rayan 38.50 2.5 21,981.7 2.4
Ezdan Holding Group 15.30 1.2 14,461.8 1.3
Vodafone Qatar 9.52 1.1 14,004.1 1.6
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* 10,599.95 1.6 1.6 1.6 1.6 67.11 156,877.7 15.4 1.6 3.8
Dubai 3,602.32 1.8 2.0 2.0 2.0 267.07 93,296.6 11.8 1.3 3.8
Abu Dhabi 4,590.31 1.2 1.0 1.0 1.0 63.50 121,804.2 11.8 1.4 5.3
Saudi Arabia 7,250.76 0.0 0.6 0.6 0.6 1,373.51 450,279.5 17.3 1.7 3.2
Kuwait 5,775.03 (0.0) 0.5 0.5 0.5 68.04 86,044.2 20.0 1.0 4.1
Oman 5,732.66 0.6 (0.9) (0.9) (0.9) 7.38 23,103.8 10.8 1.1 5.1
Bahrain 1,211.13 (0.7) (0.8) (0.8) (0.8) 2.52 18,858.4 9.9 0.4 4.6
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)
10,350
10,400
10,450
10,500
10,550
10,600
10,650
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00

2. Page 2 of 5
Qatar Market Commentary
 The QSE Index rose 1.6% to close at 10,600.0. The Banks & Financial
Services and Telecoms indices led the gains. The index rose on the back
of buying support from non-Qatari shareholders despite selling pressure
from Qatari and GCC shareholders.
 National Leasing and Dlala Brokerage & Investments Holding Co. were
the top gainers, rising 4.2% each. Among the top losers, Qatar General
Insurance & Reinsurance Co. fell 8.5%, while Gulf Warehousing Co. was
down 1.2%.
 Volume of shares traded on Tuesday rose by 76.3% to 7.7mn from 4.4mn
on Monday. However, as compared to the 30-day moving average of
9.1mn, volume for the day was 15.5% lower. Vodafone Qatar and Ezdan
Holding Group were the most active stocks, contributing 19.2% and
12.3% to the total volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
01/03 US Markit Markit US Manufacturing PMI December 54.3 54.2 54.2
01/03 UK Markit Markit UK PMI Manufacturing SA December 53.6 53.3 53.4
01/03 Germany German Federal Statistical Office CPI YoY December 1.7% 1.4% 0.8%
01/03 Germany German Federal Statistical Office CPI MoM December 0.7% 0.6% 0.1%
01/03 France National Statistics Office CPI MoM December 0.3% 0.5% 0.0%
01/03 France National Statistics Office CPI YoY December 0.6% 0.8% 0.5%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
 KCBK to hold board meetings on January 18 – Al Khalij
Commercial Bank (KCBK) announced that its board of directors
will meet on January 18, 2017 to approve the financial results
ending on December 31, 2016. (QSE)
 DOHI to hold board meetings on January 30 – Doha Insurance
Company (DOHI) announced that its board of directors will be
holding a meeting on January 30, 2017 to discuss and approve
the financial statements ending December 31, 2016. The
company also announced that it will convene its AGM on March
07, 2017 In case the required quorum is not maintained, an
alternate meeting to be scheduled on March 19, 2017. (QSE)
 QIGD discloses the judgment in the case no. 2698 – The external
law firm informed the judgment for case number 2698 of the
year 2016 filed by Al-Ruba Al-Khali Trading & Services (Ezdan
Holdings) against some Qatari Investors Group (QIGD) board
members, requesting them the amount of QR3mn as
compensation for material and moral damages suffered by not
disclosing the case plus compel them to pay the legal expenses
(The Court ruled to dismiss the case and compel the plaintiffs
(Ezdan Holdings) to pay all expenses). (QSE)
 Qatar's new budget adds to optimism in construction sector –
Construction companies and experts in Qatar reacted favorably
to the 2017 budget, which has sustained spending in key
sectors including health, education, infrastructure and
transport. According to the latest budget, infrastructure, health
and education will account for almost half of all expenditures at
QR87bn and will include building projects for the FIFA World
Cup 2022. Country Director of Oxford Business Group, Izabela
Kruk said, "Our recent GCC CEO survey indicated that business
sentiment across the region remains broadly positive, despite
the current challenging economic climate. Qatar, in particular,
has continued to perform well across the economic sectors. The
country's ambitious project pipeline and major events, led by
the FIFA World Cup in 2022, will support national efforts to
maintain the shift away from a reliance on oil and gas." (Qatar
Tribune)
 Tripartite agreement for 'Jahiz l' funding – As a precursor to the
expected launch of its Jahiz I initiative – a program dedicated to
supporting a number of industrial sectors- Qatar Development
Bank (QDB) signed a Memorandum of Understanding (MoU)
with QNB Group and Qatar Islamic Bank to finance the
developmental scheme through the framework of Al Dhameen
indirect loan guarantee facility. The industrial sectors that are
expected to benefit from the Jahis I initiative include chemicals,
plastics, wood materials, and electronics. As provided in the
MoU, small and medium-sized enterprises(SMEs) participating
in the Jahiz I initiative may now access finances up to 70% of
the project value with a maximum limit of up to QR15mn per
project. Moreover, the participating companies can now obtain
the required funding within 10 working days at competitive
financing rates. The partner banks will also extend lending to
SMEs by providing adequate safeguards through the existing Al
Dhameen indirect loan guarantee facility. (Peninsula Qatar)
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 33.69% 53.27% (47,830,090.93)
Qatari Institutions 18.65% 16.66% 4,859,859.06
Qatari 52.34% 69.93% (42,970,231.87)
GCC Individuals 0.74% 0.81% (161,914.86)
GCC Institutions 4.13% 6.63% (6,117,715.23)
GCC 4.87% 7.44% (6,279,630.09)
Non-Qatari Individuals 9.37% 11.87% (6,089,670.54)
Non-Qatari Institutions 33.41% 10.76% 55,339,532.50
Non-Qatari 42.78% 22.63% 49,249,861.96

3. Page 3 of 5
International
 US manufacturing, construction sectors shine as year ended –
US factory activity accelerated to a two-year high in December
amid a surge in new orders and rapidly rising raw material
prices, indicating that some of the drag on manufacturing from
prolonged dollar strength and a slump in oil prices was fading.
Other data showed US construction spending hit a 10-1/2-year
high in November, providing a boost to a fourth-quarter
economic growth estimate. The reports suggested President-
elect Donald Trump would inherit a strong economy, with a
labor market that is near full employment, from the Obama
administration. The Institute for Supply Management (ISM)
said its index of national factory activity rose 1.5 percentage
points to 54.7 last month, the highest level since December
2014. A reading above 50 indicates an expansion in
manufacturing, which accounts for about 12% of the US
economy. A gauge of new orders jumped 7.2 percentage points
to its highest level since November 2014. Twelve industries,
including petroleum, electrical equipment, appliances and
components and machinery, reported growth in new orders last
month. Export orders also rose, but order backlogs were
unchanged. A measure of factory employment hit its highest
since June 2015 and the production sub-index rose 4.3
percentage points. (Reuters)
 PMI: UK manufacturing growth unexpectedly hits 2-1/2-year
high – British manufacturing growth climbed to a two-and-a-
half-year high last month, fuelled by new orders from both
home and abroad and adding to signs the economy ended 2016
strongly, a survey showed. The Markit/CIPS UK Manufacturing
Purchasing Managers Index (PMI) rose to 56.1, the strongest
reading since June 2014, from 53.6 in November. That exceeded
all forecasts in a Reuters poll, which pointed to a decline to 53.1.
Britain's economy has fared much better than many economists
predicted in the aftermath of June's vote to leave the European
Union, with consumer spending strong and companies
continuing to perform well. The manufacturing PMI showed
domestic and export order books grew, but so did cost pressures
facing factories - something that will increasingly feed into
consumer prices next year. Survey compiler IHS Markit said the
survey was consistent with manufacturing output rising at a
quarterly pace of around 1.5%. (Reuters)
 German unemployment falls more than expected in December –
German unemployment fell more than expected in December,
keeping the jobless rate in Europe's biggest economy at a record
low, data from the Federal Labor Office showed. Head of the
Federal Labor Office Frank-Juergen Weise said, "The positive
development related to unemployment continued at the end of
the year." He added, "The strong increase in employment that
has been going on for a long time slowed since the summer
months, but demand for new workers remains at a high level."
The seasonally adjusted jobless total fell by 17,000 to 2.638mn,
the Labor Office said. That was more than threefold the 5,000
forecast in a Reuters poll. The adjusted unemployment rate
remained at 6.0%, the lowest level since German reunification
in 1990. (Reuters)
 PMI: Japan December manufacturing activity expands at
fastest pace in a year – Japanese manufacturing activity
expanded at the fastest pace in a year in December as orders
picked up, a private survey showed on Wednesday, in an
encouraging sign that the struggling economy may be regaining
momentum. The Final Markit/Nikkei Japan Manufacturing
Purchasing Managers Index (PMI) rose to 52.4 in December on a
seasonally ajudted basis, higher than a preliminary reading of
51.9 and a final 51.3 in November. The index remained above
the 50 threshold that separates expansion from contraction for
the fourth consecutive month and showed activity expanded at
the fastest pace since December 2015. The final output
component of the PMI index also rose to a one-year high of 53.8
in December from 52.4 in November. The preliminary reading
for December was 53.1. The final index for new orders, which
measures both domestic and external demand, rose to a one-
year high of 53.2, versus a preliminary 52.8 and 51.1 in the
previous month. (Reuters)
 China central bank injects $124.9bn in December – China's
central bank injected a total of $124.90bn via short- and
medium-term liquidity tools in December, its data showed, as it
continues to support credit expansion and the economy.
December liquidity injections were up 13.2% from November,
according to Reuters' calculations based on central bank data.
The People's Bank of China said in a statement on its website
that it lent 733bn Yuan to financial institutions via its medium-
term lending facility (MLF) in December. The bank lent 358bn
Yuan for six months and 375bn Yuan for one year. Outstanding
MLF was 3.457tn Yuan at the end of December compared with
2.736tn Yuan at the end of November, implying a net injection
of 721.5bn Yuan. The PBOC said it also extended 135.75bn Yuan
of loans to local financial institutions in December via its
standing lending facility (SLF). (Reuters)
Regional
 Fed-driven higher borrowing costs bode well for GCC fixed
income market – Higher bank borrowing costs in the Gulf
Cooperation Council (GCC), in view the 0.25% hike in the US
Federal Reserve interest rate, amid greater funding needs of
sovereign and corporate, lend support to brighter prospects for
the GCC fixed income market in 2017. Kamco Investment
Company said “The rate hikes announced by the GCC countries
as a response to the 25 bps rate hike in US Fed funds rate in
December 2016 could push up cost of bank debt in the GCC.”
Prospects for the regional bond issuances in 2017 appears bright
based on further funding requirement in the region by both
sovereigns and corporate as well as rising interest rates that
would make bank lending costlier. (Gulf-Times.com)
 Oil climbs to 18-month high as Kuwait and Oman fulfill OPEC
cuts – Oil prices hit 18-month highs, the first trading day of
2017, buoyed by hopes that a deal between OPEC and other big
oil exporters to cut production, which kicked in, will drain a
global supply glut. Benchmark Brent crude jumped more than
2% to a high of $58.37, up $1.55 a barrel and its highest since
July 2015. (Peninsula)
 Saudi Arabia to raise February term crude prices to Asia – Top
oil exporter Saudi Arabia is expected to raise prices for all
grades of crude it sells to Asia in February, tracking strength in
the Dubai price benchmark and robust refining margins, traders.
According to Reuter’s survey, official selling price (OSP) for
flagship Arab Light crude could rise by at least 50 cents a barrel
for February. The respondents expect bigger price hikes for

4. Page 4 of 5
heavier grades in February, pushed up by the strongest fuel oil
cracks in five years. (Reuters)
 Saudi Aramco signs two offshore contracts with L&T – Saudi
Aramco, the biggest oil company in world, has signed two
awards involving Engineering, Procurement, Construction and
Installation (EPCI) contracts with India’s L&T Hydrocarbon
Engineering (LTHE) in consortium with Emas Chiyoda Subsea.
The contract is awarded to supply and install four wellhead
decks in the Safaniya field and another award to upgrade on 17
platforms in various offshore fields in the Arabian Sea off the
coast of Saudi Arabia. (GulfBase.com)
 Localization of industrial parts' production to save cost,
generate Saudi Arabia jobs – Reverse engineering could solve
the problem of most plants in the Kingdom who have
approximately a third of their spare parts outdated and that are
faced with high costs of replacing systems. Most plants in the
Kingdom are over 25 years old with aging equipment and lack
engineering drawings necessary to draw the spare parts locally.
Localization of spare parts not only saves cost of 10 to 15% but
also saves time which manufacturers take months. It has the
potential to generate jobs for Saudi Arabia’s as well.
(Bloomberg)
 Dubai Financial Market planning to allow short-selling – Dubai
Financial Market (DFM), the Gulf's only listed stock exchange,
said that it planned to introduce covered short-selling, a move
that could increase trading liquidity. DFM is planning
implementation of regulated short-selling on a selected list of
eligible securities in accordance with international
recommendations under local market conditions in the coming
months, subject to regulatory approvals of its rules. The
exchange has completed consultations on the operating model
and is now working on technical enhancements of its planned
short-selling system. (Reuters)
 Dubai mortgage lender Amlak renegotiates part of 2014 debt
deal – Dubai's Amlak Finance said that it had renegotiated parts
of a debt restructuring which the Islamic mortgage provider
agreed with creditors following the local property market crash
of 2008. Amlak, in which Dubai's biggest developer Emaar
Properties owns a 45% stake, reached a debt restructuring deal
in 2014 following a government cash injection and six years of
negotiations with creditors. At the time, Amlak did not give the
size of the debt being restructured, but bankers estimated it at
about $2.7bn. (Reuters)
 Al Jaber: ADNOC Group to continue its transformation –
According to the Group Chief Executive Officer, Dr. Sultan
Ahmed Al Jaber, following a year of major changes at the Abu
Dhabi National Oil Company, ADNOC, and its group of
companies, further improvement lies ahead. He also added that
“Under the guidance of the Abu Dhabi leadership, we have
collectively decided that ADNOC has to evolve to simply meet
the realities of the paradigm shift we have experienced in the
energy sector. We cannot be in denial about the changes taking
place.” (Bloomberg)
 Alimtiaz Investment unit secures OMR13.3mn contract –
Alimtiaz Investment Group Co. secures OMR13.3mn contract
from Kuwait National Petroleum Co. for maintenance works at
Mina Abdullah Refinery. (Reuters)
 Excise tax on beverages, tobacco to buoy Oman revenues in
2017 – Omani government revenues are expected to be
bolstered in 2017 by the introduction of, among other things,
excise tax on tobacco, alcohol, carbonated beverages and
potentially even energy drinks. Ashok Hariharan, Partner and
Head of Tax, KPMG Lower Gulf, said the new levy is part of a
host of revenue-enhancing measures incorporated in the 2017
State Budget aimed at offsetting the steep fall in export
earnings resulting from the decline in oil prices. He also added
“Commodities like tobacco and alcohol are likely to be taxed at
100% and soft drinks at 50% based on announcements made by
the Saudi Arabia government.” (GulfBase.com)
 Oman seeks banks' proposals for dual-tenor international bond
issue – The government of Oman has approached banks for an
international bond issue with tranches of five and 10 years as
the country plugs a budget deficit caused by lower oil prices,
banking sources familiar with the situation. The Sultanate has
asked international lenders to submit proposals for a US dollar
debt transaction likely to be around $1bn or more. Banks are
expected to submit their proposals by the end of this week.
(Reuters)
 Al Baraka banking group obtain a license to establish a new
bank in Morocco – The Bahrain based leading Islamic banking
group, Al Baraka Banking Group (ABG) announced that it
obtained the approval of the Bank Al Maghrib (the central bank
of Morocco) to establish a new bank in Morocco. Thus, the
Group completed its presence in all the countries of the
Maghreb, where it now owns banking subsidiaries in Algeria,
Tunisia, Libya and Morocco, as well as the African continent in
Egypt, Sudan and South Africa. (Bahrain Bourse)

5. 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
QNB Financial Services Co. W.L.L.
Contact Center: (+974) 4476 6666
PO Box 24025
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 QNB SAQ (“QNB”). QNBFS is regulated by
the Qatar Financial Markets Authority and the Qatar Exchange QNB SAQ is regulated by the Qatar Central Bank. This publication expresses the views and opinions of QNBFS at a given time
only. It is not an offer, promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or financial advice. QNBFS accepts no
liability whatsoever for any direct or indirect losses arising from use of this report. Any investment decision should depend on the individual circumstances of the investor and be based on
specifically engaged investment advice. We therefore strongly advise potential investors to seek independent professional advice before making any investment decision. Although the
information in this report has been obtained from sources that QNBFS believes to be reliable, we have not independently verified such information and it may not be accurate or complete. QNBFS
does not make any representations or warranties as to the accuracy and completeness of the information it may contain, and declines any liability in that respect. For reports dealing with
Technical Analysis, expressed opinions and/or recommendations may be different or contrary to the opinions/recommendations of QNBFS Fundamental Research as a result of depending solely
on the historical technical data (price and volume). QNBFS reserves the right to amend the views and opinions expressed in this publication at any time. It may also express viewpoints or make
investment decisions that differ significantly from, or even contradict, the views and opinions included in this report. This report may not be reproduced in whole or in part without permission
from QNBFS.
COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS.
Page 5 of 5
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns;
#
Market closed on January 3, 2016)
80.0
100.0
120.0
140.0
160.0
180.0
Dec-12 Dec-13 Dec-14 Dec-15 Dec-16
QSEIndex S& PPanA rab S& PGCC
0.0%
1.6%
(0.0%)
(0.7%)
0.6%
1.2%
1.8%
(1.0%)
0.0%
1.0%
2.0%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,158.79 0.6 0.6 0.6 MSCI World Index 1,757.99 0.3 0.4 0.4
Silver/Ounce 16.30 2.3 2.4 2.4 DJ Industrial 19,881.76 0.6 0.6 0.6
Crude Oil (Brent)/Barrel (FM Future) 55.47 (2.4) (2.4) (2.4) S&P 500 2,257.83 0.8 0.8 0.8
Crude Oil (WTI)/Barrel (FM Future) 52.33 (2.6) (2.6) (2.6) NASDAQ 100 5,429.08 0.9 0.9 0.9
Natural Gas (Henry Hub)/MMBtu 3.39 (7.9) (7.9) (7.9) STOXX 600 365.71 0.3 0.0 0.0
LPG Propane (Arab Gulf)/Ton 70.75 (1.4) (1.4) (1.4) DAX 11,584.24 (0.5) (0.2) (0.2)
LPG Butane (Arab Gulf)/Ton 93.50 (3.6) (3.6) (3.6) FTSE 100 7,177.89 (0.2) (0.2) (0.2)
Euro 1.04 (0.5) (1.1) (1.1) CAC 40 4,899.33 (0.0) (0.4) (0.4)
Yen 117.75 0.2 0.7 0.7 Nikkei#
19,114.37 0.0 0.0 0.0
GBP 1.22 (0.3) (0.8) (0.8) MSCI EM 868.44 0.8 0.7 0.7
CHF 0.97 (0.4) (0.8) (0.8) SHANGHAI SE Composite 3,135.92 0.9 0.9 0.9
AUD 0.72 0.5 0.2 0.2 HANG SENG 22,150.40 0.7 0.7 0.7
USD Index 103.21 0.4 1.0 1.0 BSE SENSEX 26,643.24 (0.2) (0.5) (0.5)
RUB 60.92 (0.4) (1.0) (1.0) Bovespa 61,813.83 4.6 2.5 2.5
BRL 0.31 0.0 (0.4) (0.4) RTS 1,189.32 3.2 3.2 3.2
123.2
107.7
103.9