The QSE Index declined 0.4% to close at 9,095.5. Losses were led by the Insurance and Real Estate indices, falling 0.8% and 0.6%, respectively.

1. `
Page 1 of 5
QSE Intra-Day Movement
Qatar Commentary
The QSE Index declined 0.4% to close at 9,095.5. Losses were led by the Insurance
and Real Estate indices, falling 0.8% and 0.6%, respectively. Top losers were Qatar
Industrial Manufacturing Co. and National Leasing, falling 2.7% and 2.1%,
respectively. Among the top gainers, Gulf Warehousing Co. rose 6.9%, while Ahli
Bank was up 4.8%.
GCC Commentary
Saudi Arabia: The TASI Index fell marginally to close at 6,820.6. Losses were led by
the Media and Transportation indices, falling 1.9% and 1.0%, respectively. Saudi
Research & Mark. Group fell 2.4%, while Batic Inv. & Logistics Co. was down 1.9%.
Dubai: The DFM Index gained 0.4% to close at 3,441.9. The Real Estate &
Construction index rose 0.7%, while the Insurance index gained 0.6%. Almadina for
Finance and Investment Co. rose 4.1%, while Deyaar Development was up 3.9%.
Abu Dhabi: The ADX benchmark index rose 0.6% to close at 4,537.6. The Energy
index gained 12.1%, while the Real Estate index rose 2.4%. Dana Gas Co. gained
15.0%, while Fujairah Cement Industries was up 12.4%.
Kuwait: The KSE Index rose marginally to close at 6,776.7. The Consumer Services
index gained 3.3%, while the Telecommunication index rose 0.3%. Eyas for Higher
& Technical Education gained 9.2%, while Salbookh Trading Co. was up 8.0%.
Oman: The MSM Index fell marginally to close at 5,313.7. Losses were led by the
Industrial and Services indices, falling 0.3% and 0.1%, respectively. Al Jazeera Steel
Products fell 3.3%, while Phoenix Power was down 1.6%.
Bahrain: The BHB Index gained 0.4% to close at 1,327.5. The Industrial index rose
0.9%, while the Commercial Banks index gained 0.6%. Ithmaar Holding rose 3.6%,
while National Bank of Bahrain was up 3.1%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Gulf Warehousing Co. 48.80 6.9 474.8 (12.9)
Ahli Bank 34.60 4.8 0.2 (6.8)
Qatar Oman Investment Co. 9.00 2.5 1,150.5 (9.5)
Qatari Investors Group 51.40 1.4 21.3 (12.1)
Qatar Electricity & Water Co. 192.40 1.3 32.8 (15.2)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Vodafone Qatar 7.85 1.2 5,654.6 (16.2)
National Leasing 14.00 (2.1) 1,209.9 (8.6)
Qatar Oman Investment Co. 9.00 2.5 1,150.5 (9.5)
Qatar First Bank 7.77 (0.3) 1,140.4 (24.6)
Dlala Brokerage & Inv. Holding 22.30 0.7 908.5 3.8
Market Indicators 13 Jun 17 12 Jun 17 %Chg.
Value Traded (QR mn) 268.9 328.1 (18.0)
Exch. Market Cap. (QR mn) 489,515.9 491,845.1 (0.5)
Volume (mn) 13.6 13.1 4.2
Number of Transactions 3,334 4,019 (17.0)
Companies Traded 39 40 (2.5)
Market Breadth 19:18 31:5 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 15,252.53 (0.4) (1.5) (9.7) 15.1
All Share Index 2,577.34 (0.3) (1.0) (10.2) 13.4
Banks 2,789.60 (0.4) (1.2) (4.2) 12.2
Industrials 2,819.12 (0.5) (1.8) (14.7) 16.9
Transportation 1,945.90 1.2 1.5 (23.6) 11.5
Real Estate 1,912.93 (0.6) (0.5) (14.8) 12.1
Insurance 4,034.76 (0.8) 1.1 (9.0) 17.1
Telecoms 1,113.77 (0.1) (3.0) (7.7) 21.0
Consumer 5,270.26 0.4 (1.2) (10.6) 11.7
Al Rayan Islamic Index 3,612.75 0.3 (1.1) (7.0) 16.3
GCC Top Gainers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Dana Gas Abu Dhabi 0.69 15.0 236,619.7 27.8
Gulf Warehousing Co. Qatar 48.80 6.9 474.8 (12.9)
Ahli Bank Qatar 34.60 4.8 0.2 (6.8)
Deyaar Development Dubai 0.53 3.9 24,426.4 (14.2)
National Medical Care Saudi Arabia 45.96 3.7 286.3 (30.3)
GCC Top Losers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Kuwait Food Co. Kuwait 2.50 (7.4) 2.1 (3.8)
Gulf Cable & Elec. Ind. Kuwait 0.41 (3.6) 15.0 8.0
DP World Ltd Dubai 22.00 (3.4) 155.2 25.6
Qatar Industrial Man. Qatar 40.40 (2.7) 0.8 (9.2)
Saudi Research & Mark. Saudi Arabia 28.65 (2.4) 64.7 (15.4)
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 Industrial Manufacturing 40.40 (2.7) 0.8 (9.2)
National Leasing 14.00 (2.1) 1,209.9 (8.6)
Industries Qatar 96.30 (1.7) 82.1 (18.0)
QNB Group 133.20 (1.3) 214.0 (10.1)
Qatar German Co. for Med. Dev. 7.60 (1.3) 5.5 (24.8)
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Vodafone Qatar 7.85 1.2 44,450.8 (16.2)
QNB Group 133.20 (1.3) 28,517.4 (10.1)
Gulf Warehousing Co. 48.80 6.9 23,349.1 (12.9)
Dlala Brokerage & Inv. Holding 22.30 0.7 19,646.2 3.8
National Leasing 14.00 (2.1) 16,967.3 (8.6)
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* 9,095.45 (0.4) (1.5) (8.1) (12.9) 73.34 134,470.0 15.1 1.6 3.7
Dubai 3,441.85 0.4 1.2 3.1 (2.5) 143.57 97,645.9 16.5 1.3 4.1
Abu Dhabi 4,537.60 0.6 1.4 2.5 (0.2) 98.53 118,495.9 16.4 1.3 4.5
Saudi Arabia 6,820.60 (0.0) (0.7) (0.7) (5.4) 437.35 429,889.9 16.1 1.6 3.3
Kuwait 6,776.72 0.0 (0.1) (0.1) 17.9 12.87 90,424.9 18.4 1.2 3.9
Oman 5,313.71 (0.0) (0.8) (2.0) (8.1) 5.04 21,461.3 12.1 1.1 5.5
Bahrain 1,327.48 0.4 0.3 0.6 8.8 2.39 21,221.2 8.3 0.8 5.9
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)
9,060
9,080
9,100
9,120
9,140
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 declined 0.4% to close at 9,095.5. The Insurance and Real
Estate indices led the losses. The index fell on the back of selling
pressure from GCC and non-Qatari shareholders despite buying support
from Qatari shareholders.
 Qatar Industrial Manufacturing Co. and National Leasing were the top
losers, falling 2.7% and 2.1%, respectively. Among the top gainers, Gulf
Warehousing Co. rose 6.9%, while Ahli Bank was up 4.8%.
 Volume of shares traded on Tuesday rose by 4.2% to 13.6mn from
13.1mn on Monday. Further, as compared to the 30-day moving average
of 12.1mn, volume for the day was 12.7% higher. Vodafone Qatar and
National Leasing were the most active stocks, contributing 41.6% and
8.9% 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
06/13 UK UK Office for National Statistics CPI MoM May 0.3% 0.2% 0.5%
06/13 UK UK Office for National Statistics CPI YoY May 2.9% 2.7% 2.7%
06/13 UK UK Office for National Statistics CPI Core YoY May 2.6% 2.4% 2.4%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
 Norsk Hydro CEO: Qatar aluminium exports go as planned
despite Gulf rift – According to Norsk Hydro, Qatar’s Qatalum
aluminium plant is now exporting metals via ports in Kuwait
and Oman, as well as a Qatari container port, following a
diplomatic row with neighbors that had blocked shipments.
Norsk Hydro, which owns 50% of the plant, last week stated
new export routes had been established but declined at the time
to say which countries it would go through. Norsk Hydro’s CEO,
Svein Richard Brandtzaeg said, “There’s a recently completed
container port in Qatar which we’ve begun using, and we also
have shipments through Kuwait and Oman, solving this for the
short term.” The Qatalum plant produces more than 600,000
tons of primary aluminium per year. (Gulf-Times.com)
 QC: Qatar’s non-oil exports reach QR6.3bn in four months –
Qatar Chamber (QC) stated in a report that Qatar’s non-oil
exports in April 2017 stood at QR1.3bn, while the total volume
of non-oil exports in the first four months of the year reached
QR6.27bn. According to the report, non-oil exports in April 2017
fell 27.3% (QR1.3bn) compared to QR1.83bn recorded in March.
Compared to April 2016, non-oil exports dropped 18.4%. The
industry sector was the top performer for non-oil exports in
April, which significantly shows the great development and its
increasing contribution in the GDP among other non-oil sectors,
according to the report. (Gulf-Times.com)
 VFQS endorses items on its agenda in the AGM – Vodafone
Qatar (VFQS) announced the results of the Ordinary General
Assembly Meeting held on June 12, 2017. During the meeting,
the shareholders of the company considered and approved the
items on the following agenda: (1) approved the Board of
Directors’ report of the company’s activities and its financial
position for the financial year ended March 31, 2017 and its
future plans, (2) approved the External Auditor’s report on the
company’s accounts for the financial year ended March 31,
2017, (3) discussed and approved the company’s Balance Sheet
and the Profit and Loss Accounts for the financial year ended
March 31, 2017, (4) approved the proposal of the Board of
Directors to not distribute dividend for the financial year ended
March 31, 2017, (5) discharged the members of the Board of
Directors from any liability and approved that there be no
remuneration payable to non-executive Directors for the year
ended March 31, 2017, (6) approved the company’s Corporate
Governance Report 2016-2017, and (6) re-appointed
Pricewaterhouse Coopers (PwC) as External Auditor of the
company for the period April 01, 2017 to March 31, 2018 and
fixed their fees. (QSE)
 IQCD’s rating cut to ‘A+’ by S&P – Industries Qatar (IQCD) has
been cut to ‘A+’ from ‘AA-’ by S&P, and its ratings have been
placed on credit watch ‘negative’. (Bloomberg)
 QP and Shell form LNG marine fuelling venture – Qatar
Petroleum’s (QP) Wave LNG Solutions and Shell Gas & Power
Developments BV (Shell) signed a framework agreement to
develop liquefied natural gas (LNG) marine fuelling, or
bunkering, infrastructure at strategic shipping locations across
the globe. LNG bunkering provides the shipping industry with a
new fuel that helps meet the industry’s environmental and
economic objectives. Increasing numbers of ship owners and
operators are turning to LNG over traditional marine fuels in
response to tighter sulphur and nitrogen oxide emissions
regulations. Qatar Petroleum’s President and CEO Saad Sherida
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 48.77% 46.63% 5,746,309.49
Qatari Institutions 22.25% 10.51% 31,571,881.86
Qatari 71.02% 57.14% 37,318,191.35
GCC Individuals 0.44% 1.05% (1,643,462.46)
GCC Institutions 4.28% 15.94% (31,345,408.99)
GCC 4.72% 16.99% (32,988,871.45)
Non-Qatari Individuals 10.28% 7.86% 6,499,999.07
Non-Qatari Institutions 13.98% 18.00% (10,829,318.97)
Non-Qatari 24.26% 25.86% (4,329,319.90)

3. Page 3 of 5
al-Kaabi said, “We are pleased to team up with our long-term
partner and industry pioneer, Shell, on this important initiative.
We view LNG bunkering as a promising opportunity for LNG to
further grow as a clean energy source.” (Gulf-Times.com)
 Vodafone achieves 21.1% total revenue market share in Qatar –
CEO Ian Gray said that Vodafone has achieved 21.1% total
revenue market share and 28.4% mobile revenue market share
in Qatar. Addressing the company’s Annual General Assembly
Meeting, Gray said Vodafone’s customer base reached 1.5mn
and the company was increasing its footprint amongst higher-
value customers, together with a move away from low margin
business. Within the high value post-paid customer base,
Vodafone saw YoY growth of 15%, primarily attributed to the
success of new and innovative products introduced to the
market, such as Vodafone Bill Manager. (Gulf-Times.com)
 Qatar’s cost of living falls 0.6% MoM in May – According to the
Ministry of Development Planning and Statistics, lower
expenses towards food, clothing and recreation led Qatar’s cost
of living, based on consumer price index (CPI), to fall 0.6% MoM
in May 2017. The CPI inflation was, however, up 0.1% YoY, on
costlier transport, education, health and furniture. Housing,
water, electricity and other fuels – with a weight of 21.89% in
the CPI basket saw 0.8% MoM dip in its index in May 2017. The
CPI of May 2017, excluding housing, water, electricity, gas and
other fuels showed an increase of 0.8% on a yearly basis but it
was down 0.7% on a monthly basis. (Gulf-Times.com)
 Real Estate trading volume in Qatar worth nearly QR3bn for the
week ended June 8 – According to official data, real estate
transactions in Qatar during the period from 4-8 June were
worth QR2.9bn. The weekly bulletin released by the real estate
registration department at the Ministry of Justice said that the
types of real estate traded ranged from plots of land, houses to
residential compounds and multi-purpose buildings. The
majority of the trading took place in Doha, Al Rayyan, Al
Da'ayen, Umm Salal, Al Khor, Al Dhakira, Al Shamal, and Al
Wakra. (Qatar Tribune)
International
 US producer prices unchanged; services costs on the rise – US
producer prices were unchanged in May as energy costs
recorded their biggest decline in more than a year, suggesting a
moderation in inflation after a rise at the start of the year.
Inflation at the factory gate, however, remains supported by
sustained increases in the cost of services as well as softening
Dollar, which is lifting prices of some imported goods. The
Labor Department said that last month's unchanged reading in
its producer price index for final demand followed a 0.5% jump
in April. A key gauge of underlying producer price pressures
that excludes food, energy and trade services fell 0.1% last
month, the first decline in a year. The so-called core PPI rose
0.7% in April. The core PPI increased 2.1% in the 12 months
through May after a similar gain in April. (Reuters)
 British inflation jumps again in May – British inflation
unexpectedly jumped to its highest level in nearly four years in
May, tightening the squeeze on consumers who now face the
added worry of political uncertainty after last week's
inconclusive election. The impact of the fall in pound since last
year's Brexit vote made itself felt as the higher costs of foreign
holidays and of imported computer games and equipment
helped push up consumer prices by 2.9% YoY. That was its
biggest annual increase since June 2013, the Office for National
Statistics said, and was above the median forecast of 2.7% in a
Reuters poll of economists. It is also faster than the growth in
pay for most people who have suffered a squeeze on their
incomes almost without break for a decade. (Reuters)
 China’s May factory output rises 6.5%, investment up 8.6% –
China's factory output grew 6.5% YoY in May, slightly better
than expectations, but fixed-asset investment grew 8.6% in the
first five months of the year, less than forecast. Analysts polled
by Reuters had predicted factory output would grow 6.3% in
May, easing slightly from 6.5% growth in April. Fixed asset
investment had been forecast to grow 8.8% over the first five
months of the year, easing from 8.9% in January-April. Retail
sales rose 10.7% YoY in May, unchanged from April and above
analyst expectations for a 10.6% rise. Growth of private
investment slowed to 6.8% in January-May from 6.9% in the
first four months, suggesting a slight weakening of the private
sector's appetite to invest as small- and medium-sized private
firms still face challenges in accessing financing. (Reuters)
 Brazil’s April retail sales rise 1.0% from March – Retail sales in
Brazil unexpectedly rose in April, recovering much of the steep
losses of the previous two months and fueling hopes of an
economic rebound. Retail sales volumes excluding cars and
building materials rose 1.0% in April from March, government
statistics agency IBGE said, compared with forecasts for a drop
of 0.55% by economists polled by Reuters. The monthly growth
rate was the fastest for April in nine years, IBGE said. Data
earlier this month showed Brazil's annual inflation rate tumbled
more than expected in May to 3.6%, the lowest in 10 years.
(Reuters)
Regional
 OPEC output rises in May – The Organization of the Petroleum
Exporting Countries (OPEC) said a long-awaited rebalancing of
the oil market was under way at a slower pace and reported
that its own output in May jumped due to gains in nations
exempt from a pact to reduce supply. OPEC said its output rose
by 336,000 barrels per day (bpd) in May to 32.14mn bpd led by a
rebound in Nigeria and Libya, which were exempted from
supply cuts because unrest had curbed their output. (Reuters)
 CMA approves the capital increase request for Chubb Arabia
Cooperative Insurance Company – The Capital Market
Authority (CMA) approved the capital increase of Chubb Arabia
Cooperative Insurance through bonus shares. The company’s
capital will be raised from SR100mn to SR200mn through
issuing one bonus share for every existing share, according to a
bourse filing. The increase will be paid by transferring SR80mn
from the retained earnings and SR20mn from the statutory
reserves to the company's capital. Consequently, the company's
shares will rise from 10mn shares to 20mn shares, by adding
10mn shares. (Tadawul)
 Fitch affirms Islamic Development Bank at ‘AAA’; outlook
‘Stable’ – Fitch Ratings affirmed Islamic Development Bank's
Long-Term Issuer Default Rating (IDR) at ‘AAA’ with a ‘Stable’
outlook. The Short-Term IDR has been affirmed at ‘F1+’. The
trust certificates issued by IDB Trust Services Ltd and
guaranteed by Islamic Development Bank have also been
affirmed at ‘AAA’. The ratings reflect the intrinsic strengths of

4. Page 4 of 5
Islamic Development Bank; in particular its excellent
capitalization, low solvency risks and excellent liquidity
compared with other regional multilateral development banks.
(GulfBase.com)
 Saudi Arabia reportedly plans new free economic zones – A
government committee is studying a proposal to close down Al-
Jowharah Stadium and King Faisal Specialist Hospital north of
Jeddah in order to open a free economic zone. The Public
Investment Fund (PIF) intends to buy the hospital, the stadium
and the residential area near the stadium. (Bloomberg)
 UAE’s e-commerce industry to hit $10bn by 2018 – The e-
commerce industry in the UAE is expected to hit the $10bn
mark by the year 2018 as regional retailers are in the process of
consolidating their online presence in a bid to remain
competitive and profitable. With the UAE’s current ecommerce
value estimated to be around $2.5bn, analysts are optimistic
that the region’s ecommerce market is on an accelerated
growth trajectory. (GulfBase.com)
 UAE’s retail industry witnesses exponential sales growth –
UAE’s retail industry has been witnessing strong growth in
sales for the past few years and is expected to grow at a CAGR
of more than 7% during 2016-20. Recent studies have indicated
a growth of up to 30% in retail sales during this Ramadan.
(GulfBase.com)
 Dubai Chamber teams up with Souq.com to boost e-tailer –
Dubai Chamber members will get training, access to promotions
and exclusive benefits on Souq.com following the signing of a
Memorandum of Understanding (MoU) between the chamber
and the e-tailer. Dubai Chamber said the MoU is intended to
ease long-term cooperation between the two, and expand
chamber members’ access to regional e-commerce.
(GulfBase.com)
 Dubai among top 10 hubs for global meets – Dubai has emerged
as one of the top 10 destinations for international meetings,
according to the International Meetings Statistics Report
published by the Union of International Associations. The
report ranked 1,157 cities globally based on the total number of
international meetings that took place during the year.
Previously ranked 14th in the 2015 edition, Dubai has moved up
the list to claim the tenth spot with a total of 180 meetings
taking place in 2016, reflecting a growth of 24% in comparison
to 2015. (GulfBase.com)
 Dana Gas’ plan to swap unlawful $700mn Sukuk irks creditors –
Abu Dhabi-listed Dana Gas proposed swapping $700mn of
outstanding Islamic bonds because it had discovered they were
unlawful, prompting an outcry from some creditors. The price of
Dana’s Sukuk increased after Dana’s proposal with one creditor
in Dubai describing it as “very investor unfriendly” and another
saying it made no sense as the bond had been judged Shari’ah-
compliant when it was issued. (GulfBase.com)
 Eshraq Properties to divest its stake in Ward Holdings – Eshraq
Properties said that it has entered into an agreement divesting
its equity representing 4.55% of the total capital in Ward
Holdings Limited, a company existing under the laws of Dubai
International Financial Centre (DIFC) and whose main
objective is to own a hotel in DIFC for a total price of AED68mn.
(GulfBase.com)
 Oman's inflation in May touches 1.96% – According to the
National Centre for Statistics & Information (NCSI), Oman’s
YoY consumer inflation for May 2017 touched 1.96%, driven by
a rise of 7.46% in the transport set, 1.57% in housing, water
electricity, gas and other fuels set and 23.93% in tobacco sets.
Prices of foods and non-alcoholic beverages went down 0.03%
in May 2017 compared with the prices during the same period in
2016. The clothing and footwear set also fell 0.06% in May 2017
compared to the same month last year, while furnishing
household equipment and routine household maintenance rose
2.46% compared to last year. The health set rose slightly by
0.40% while communication fell 2.90% against last year’s
prices, while recreation and culture set, and restaurant and
hotels registered 0.15% and 0.34% rise respectively. There was
also a rise in miscellaneous goods and services at 1.38%.
(GulfBase.com)

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
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
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
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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)
70.0
90.0
110.0
130.0
150.0
170.0
May-13 May-14 May-15 May-16 May-17
QSEIndex S&PPanArab S&PGCC
(0.0%)
(0.4%)
0.0%
0.4%
(0.0%)
0.6%
0.4%
(0.5%)
0.0%
0.5%
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 1,266.60 0.1 (0.0) 9.9 MSCI World Index 1,928.74 0.5 0.3 10.1
Silver/Ounce 16.89 (0.4) (1.8) 6.1 DJ Industrial 21,328.47 0.4 0.3 7.9
Crude Oil (Brent)/Barrel (FM Future) 48.72 0.9 1.2 (14.3) S&P 500 2,440.35 0.5 0.4 9.0
Crude Oil (WTI)/Barrel (FM Future) 46.46 0.8 1.4 (13.5) NASDAQ 100 6,220.37 0.7 0.2 15.6
Natural Gas (Henry Hub)/MMBtu 3.01 (2.1) 1.1 (18.2) STOXX 600 388.75 0.6 (0.4) 14.2
LPG Propane (Arab Gulf)/Ton 61.25 0.8 2.9 (14.6) DAX 12,764.98 0.6 (0.4) 18.1
LPG Butane (Arab Gulf)/Ton 68.38 0.2 3.2 (29.5) FTSE 100 7,500.44 0.6 (0.3) 8.4
Euro 1.12 0.1 0.1 6.6 CAC 40 5,261.74 0.4 (0.7) 14.9
Yen 110.07 0.1 (0.2) (5.9) Nikkei 19,898.75 (0.4) (0.2) 10.3
GBP 1.28 0.8 0.1 3.4 MSCI EM 1,009.78 0.1 (0.8) 17.1
CHF 1.03 (0.0) 0.0 5.2 SHANGHAI SE Composite 3,153.74 0.5 (0.2) 3.8
AUD 0.75 (0.1) 0.1 4.6 HANG SENG 25,852.10 0.6 (0.7) 16.8
USD Index 96.98 (0.2) (0.3) (5.1) BSE SENSEX 31,103.49 0.2 (0.5) 23.4
RUB 57.00 (0.1) (0.1) (7.4) Bovespa 61,828.99 0.6 (1.4) 1.0
BRL 0.30 0.1 (0.6) (1.9) RTS 1,030.99 (1.0) (1.0) (10.5)
104.9
97.0
95.3