The QSE Index rose 0.2% to close at 7,758.1. Gains were led by the Real Estate and Transportation indices, gaining 5.8% and 2.2%, respectively.

1. Page 1 of 5
QSE Intra-Day Movement
Qatar Commentary
The QSE Index rose 0.2% to close at 7,758.1. Gains were led by the Real Estate and
Transportation indices, gaining 5.8% and 2.2%, respectively. Top gainers were Qatari
Investors Group and Medicare Group, rising 10.0% each. Among the top losers,
Industries Qatar fell 2.5%, while QNB Group was down 1.0%.
GCC Commentary
Saudi Arabia: The TASI Index rose 0.8% to close at 6,933.8. Gains were led by the
Cons. Services and Food & Beverages indices, rising 3.5% and 3.4%, respectively.
Amana Cooperative Ins. rose 7.3%, while Walaa Cooperative Ins. Co. was up 6.3%.
Dubai: The DFM Index declined 0.3% to close at 3,449.1. The Transportation index
fell 1.7%, while the Telecommunication index declined 1.4%. Aramex fell 3.3%,
while Dubai Financial Market was down 1.8%.
Abu Dhabi: The ADX benchmark index fell 0.1% to close at 4,282.3. The Energy
index declined 1.1%, while the Services index fell 0.4%. Commercial Bank
International declined 9.1%, while Sudan Telecommunication Co. was down 3.4%.
Kuwait: The KSE Index rose 0.3% to close at 6,256.7. The Telecommunications
index gained 1.3%, while the Real Estate index rose 0.9%. Kuwait Real Estate
Holding Company gained 20.0%, while National International Co. was up 9.8%.
Oman: The MSM Index rose 0.5% to close at 5,111.1. Gains were led by the Services
and Industrial indices, rising 0.6% and 0.5%, respectively. Al Jazeera Steel Products
rose 3.5%, while Oman Fisheries was up 3.0%.
Bahrain: The BHB Index gained marginally to close at 1,277.0. The Commercial
Banks index rose 0.1%, while the other indices ended flat or in red. Bahrain Islamic
Bank rose 2.1%, while Khaleeji Commercial Bank was up 2.0%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Qatari Investors Group 27.50 10.0 295.1 (53.0)
Medicare Group 55.00 10.0 75.0 (12.6)
Islamic Holding Group 31.35 10.0 86.7 (48.6)
Ezdan Holding Group 7.64 9.9 601.2 (49.4)
Qatar Islamic Insurance Co. 46.38 9.9 32.5 (8.3)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Qatar First Bank 5.45 7.3 2,327.4 (47.1)
Vodafone Qatar 6.73 4.8 2,264.5 (28.2)
Investment Holding Group 5.33 2.9 1,944.5 (46.7)
United Development Co. 12.90 0.0 1,004.9 (37.5)
Salam International Inv. Ltd. 5.94 1.5 715.6 (46.2)
Market Indicators 26 Nov 17 23 Nov 17 %Chg.
Value Traded (QR mn) 275.7 160.2 72.1
Exch. Market Cap. (QR mn) 420,531.1 418,061.3 0.6
Volume (mn) 14.4 9.1 58.7
Number of Transactions 4,944 3,209 54.1
Companies Traded 41 44 (6.8)
Market Breadth 31:5 21:19 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 13,009.84 0.2 0.2 (23.0) 12.4
All Share Index 2,142.45 1.0 1.0 (25.3) 12.0
Banks 2,462.98 (0.1) (0.1) (15.4) 12.7
Industrials 2,405.62 0.3 0.3 (27.2) 16.0
Transportation 1,502.90 2.2 2.2 (41.0) 11.3
Real Estate 1,385.16 5.8 5.8 (38.3) 9.6
Insurance 2,815.08 0.7 0.7 (36.5) 19.0
Telecoms 995.59 0.7 0.7 (17.4) 18.5
Consumer 4,305.50 2.1 2.1 (27.0) 10.3
Al Rayan Islamic Index 3,039.03 2.5 2.5 (21.7) 13.6
GCC Top Gainers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Al Tayyar Travel Group Saudi Arabia 25.34 6.0 6,792.5 (30.9)
Dar Al Arkan Real Estate Saudi Arabia 8.70 5.2 37,281.5 41.2
F. A. Al Hokair Saudi Arabia 33.38 4.9 754.3 (9.3)
Savola Group Saudi Arabia 39.57 4.8 745.9 (1.4)
Vodafone Qatar Qatar 6.73 4.8 2,264.5 (28.2)
GCC Top Losers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Human Soft Holding Co. Kuwait 3.70 (2.6) 23.8 37.1
Industries Qatar Qatar 92.20 (2.5) 318.3 (21.5)
Qurain Petrochem. Ind. Kuwait 0.32 (1.8) 126.4 39.1
Dubai Financial Market Dubai 1.12 (1.8) 1,747.6 (10.4)
Nat. Mobile Telecom. Kuwait 1.06 (1.5) 2.5 (11.7)
Source: Bloomberg (# in Local Currency) (## GCC Top gainers/losers derived from the S&P GCC
Composite Large Mid Cap Index)
QSE Top Losers Close* 1D% Vol. ‘000 YTD%
Industries Qatar 92.20 (2.5) 318.3 (21.5)
QNB Group 116.00 (1.0) 624.9 (21.7)
Commercial Bank 26.00 (0.9) 67.0 (16.0)
Mesaieed Petrochem. Holding Co. 12.60 (0.6) 97.1 (20.3)
Qatar Gas Transport Co. Ltd. 13.51 (0.5) 659.7 (41.5)
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
QNB Group 116.00 (1.0) 72,556.2 (21.7)
Industries Qatar 92.20 (2.5) 29,359.3 (21.5)
Vodafone Qatar 6.73 4.8 15,223.3 (28.2)
United Development Co. 12.90 0.0 13,012.4 (37.5)
Qatar First Bank 5.45 7.3 12,526.1 (47.1)
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* 7,758.08 0.2 0.2 (5.0) (25.7) 73.03 115,519.9 12.4 1.1 5.1
Dubai 3,449.14 (0.3) (0.3) (5.1) (2.3) 68.05 106,039.9 21.8 1.3 4.1
Abu Dhabi 4,282.27 (0.1) (0.1) (4.4) (5.8) 20.46 111,384.7 15.3 1.2 4.7
Saudi Arabia 6,933.77 0.8 0.8 (0.0) (3.8) 739.18 439,122.3 16.4 1.6 3.5
Kuwait 6,256.67 0.3 0.3 (3.9) 8.8 37.10 91,041.6 15.0 1.0 5.5
Oman 5,111.11 0.5 0.5 2.0 (11.6) 4.12 20,850.5 12.3 1.0 5.1
Bahrain 1,277.02 0.0 0.0 0.0 4.6 2.88 20,091.0 7.1 0.8 6.1
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)
7,700
7,720
7,740
7,760
7,780
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 0.2% to close at 7,758.1. The Real Estate and
Transportation indices led the gains. The index rose on the back of
buying support from Qatari and non-Qatari shareholders despite selling
pressure from GCC shareholders.
 Qatari Investors Group and Medicare Group were the top gainers, rising
10.0% each. Among the top losers, Industries Qatar fell 2.5%, while QNB
Group was down 1.0%.
 Volume of shares traded on Sunday rose by 58.7% to 14.4mn from 9.1mn
on Thursday. Further, as compared to the 30-day moving average of
6.9mn, volume for the day was 108.2% higher. Qatar First Bank and
Vodafone Qatar were the most active stocks, contributing 16.1% and
15.7% to the total volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
News
Qatar
 QSE expresses hope of MSCI keeping status quo on use of
official Qatari Riyal exchange rate – The Qatar Stock Exchange
(QSE) expressed the hope that the global index compiler MSCI
will maintain status quo on the use of official foreign exchange
rates for transactions rather than the offshore rates. “In view of
the Qatar Central Bank’s (QCB) announcement and subsequent
actions, the QSE believes that the concerns expressed by
international investors have now been addressed and that this
will result in a positive decision by MSCI on the use of the
official rate and maintenance of the status quo,” according to a
bourse spokesman. The statement comes in the wake of reports
that MSCI is considering a proposal to apply offshore rates of
Qatari Riyal instead of the official exchange rate in respect of
transactions. The spokesman added, “There are no restrictions
on all banking transactions including transfers, stressing the
free movement of money transfers into and outside the country
at the official exchange rates, which the QCB announces on
daily basis.” (Gulf-Times.com)
 Qatari minister in talks with Turkey and Iran to enhance trade
ties – HE the Minister of Economy and Commerce, Sheikh
Ahmed Bin Jassim Bin Mohamed Al Thani, discussed with
Iranian Minister of Trade Mohamed Shariatmadari ways to
enhance economic, trade and bilateral relations between the
two countries in Tehran. The meeting came during an official
visit of Sheikh Ahmed Bin Jassim to Iran, in response to an
invitation from Shariatmadari. Sheikh Ahmed and the
delegation accompanying him met a group of Iranian
businessmen and company executives to discuss topics of
common interest and increasing trade with Iran, in addition to
exploring the available trade opportunities in the two countries.
Both parties agreed on the importance of developing and
boosting trade relations and easing all hurdles that may hinder
the progress of such cooperation, and to benefit from the
available trade opportunities in both countries. Also, a tripartite
meeting among Sheikh Ahmed Bin Jassim, Shariatmadari, and
Turkey’s Economy Minister Nihat Zeybekci was held, where
they discussed ways of cooperation among the three countries
in economy and trade. (Gulf-Times.com)
 Blockade helped Qatar’s sustainability drive – Blockade
imposed on Qatar by the siege countries helped the country to
move further on the path of sustainability. Addressing a
conference, Abdullah Bin Hamad Al Attiyah, Chairman of the
Al Attiyah International Foundation for Energy and
Sustainable Development, said that siege countries have failed
to get global support on the issue of blockade. “The blockade
has also helped us to wake up and to build our own
sustainability,” said Abdullah Bin Hamad Al Attiyah speaking
at the 2017 Energy Transitions Conference held at Hamad Bin
Khalifa University (HBKU). (Peninsula Qatar)
 Qatari projects registered for GSAS certification exceeds
QR500bn – The estimated value of the investments in the green
projects registered in Qatar for the Global Sustainability
Assessment System (GSAS) certification is more than half a
trillion Qatari Riyals, said the Founding Chairman of Gulf
Organization for Research and Development (GORD), Yousef
Alhorr. During his speech at the opening of Sustainability
Summit 2017, Alhorr said the candidates for the GSAS
certification include all 2022 World Cup stadiums, all railway
stations, all public works projects such as schools, health
centers, mosques and administrative establishments, all the
facilities of Hamad International Port and the city of Lusail and
the economic zones and their facilities of all kinds. (Peninsula
Qatar)
 QFE sells 5% stake in Bharti Airtel – Qatar Foundation
Endowment (QFE) announced the successful sale, via a block
trade, of the entire 5% stake it holds in Bharti Airtel. The sale
was made through its Asia-Pacific regional holding company
Three Pillars Pte Ltd (TPPL). The block trade was priced at
INR481 per share, a discount of 6.4% to the previous closing
price as of November 7, 2017. In May 2013, TPPL invested
INR68bn in Bharti Airtel to strengthen the capital structure and
allow further investment for growth. The investment saw TPPL
acquire 199.87mn shares at a price of INR340 per share. Given
the sale price of INR481 per share, the sale of this stake realized
a significant gain for TPPL. The proceeds of the share sale will
be reinvested as part of the QFE Group’s ongoing global
portfolio growth and diversification, as it seeks to generate
long-term financial returns by investing across a range of asset
classes, industries, and geographies. (Peninsula Qatar)
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 46.15% 33.83% 33,980,088.60
Qatari Institutions 21.55% 27.79% (17,211,593.85)
Qatari 67.70% 61.62% 16,768,494.75
GCC Individuals 0.54% 0.50% 114,930.40
GCC Institutions 0.99% 13.86% (35,476,028.79)
GCC 1.53% 14.36% (35,361,098.39)
Non-Qatari Individuals 12.09% 10.26% 5,033,182.61
Non-Qatari Institutions 18.68% 13.76% 13,559,421.03
Non-Qatari 30.77% 24.02% 18,592,603.64

3. Page 3 of 5
 Qatar’s first renewable energy strategy on the anvil – Plans are
underway to adopt Qatar’s first renewable energy strategy, said
a top official at the Sustainability Summit 2017 which opened
at Ritz Carlton, Doha. General Electricity and Water
Corporation’s (Kahramaa) President, Essa Bin Hilal Al Kuwari
said that a discussion between the Ministry of Energy &
Industry, Kahramaa and other partners, is underway to adopt
Qatar’s first renewable energy strategy to diversify energy
sources and reduce harmful emissions. Al Kuwari was speaking
on behalf of HE the Minister of Energy and Industry Mohamed
Bin Saleh Al Sada. In the energy and industry sector, per capita
electricity consumption is reduced by 18% and water
consumption by 20% in 2016 compared to the previous year, he
pointed out. (Gulf-Times.com)
 Vodafone Qatar, GWCS develop digital solution for enhanced
customer experience – Vodafone Qatar and Gulf Warehousing
Company (GWCS) launched an innovative digital solution for
enhanced customer experience. Vodafone Qatar’s Logistics
department and GWCS’ Contract Logistics and Information
Technology department, worked closely to develop an Android
App and a web-based order management system (OMS), which
allows for end-to-end management of the supply chain cycle.
This includes real-time stock visibility and allocation, order
placement, work flow approvals and notifications, distribution
and delivery to Vodafone end customers. (Gulf-Times.com)
 Qatar to host ‘World Halal Day 2018’ – Qatar will host the
‘World Halal Day 2018’, according to private sector leader Qatar
Chamber, which is organizing the event. This was announced
during the ‘5th World Halal Summit’ held recently in Istanbul
under the patronage of Turkish President Recep Tayyip
Erdogan. Qatar Chamber’s Chairman, Sheikh Khalifa Bin Jassim
Al Thani led a delegation during the summit, which included
Director-General Saleh Bin Hamad Al Sharqi and Board
Members Mohamed Gohar Al Mohamed, Ali Abdullatif Al
Misnad, and Abdul Aziz Ridwani. On the sidelines of the
summit, Al Mohamed, on behalf of the chamber, signed an
agreement with the United World Halal Development for the
hosting of the next ‘World Halal Day’ slated in Doha on
November 1, 2018. He stressed that hosting the conference in
Doha will encourage food, cosmetics, travel and tourism, and
infrastructure firms to invest in Qatar. (Gulf-Times.com)
 Qatar General Organization for Standardization joins SMIIC –
Qatar General Organization for Standardization joined the
membership of the Standards and Metrology Institute for the
Islamic Countries (SMIIC), during the 15th meeting of the Board
of Directors and the 12th meeting of its General Assembly,
currently in session in Istanbul, Turkey. (Peninsula Qatar)
 QSE announces trading suspension in the shares of KCBK on
November 27 – Qatar Stock Exchange (QSE) announced the
trading suspension of Al Khalij Commercial Bank (KCBK) shares
on November 27, 2017 due to its AGM and EGM being held on
the day. (QSE)
International
 China’s industrial profits up 25.1% YoY in October – Profits
earned by China’s industrial companies in October rose 25.1%
from a year earlier, the statistics bureau stated, slowing from
27.7% gain in September. Profits rose to $112.94bn in October,
the National Bureau of Statistics (NBS) stated. In September,
profits increased the most in nearly six years as prices of
finished goods including steel and copper rose. Prices increased
due to fears of supply shortages in the winter amid an ongoing
government crackdown on air pollution. In the first ten months,
industrial profits rose 23.3% from a year earlier, versus the
22.8% increase in January-September, according to the
statistics bureau. At the end of October, industrial firms’
liabilities were 6.7% higher than a year earlier, with the growth
rate unchanged from the end of September. (Reuters)
Regional
 Islamic finance can play key role in PPP delivery – The fast-
growing Islamic finance industry can play a significant role in
closing the infrastructure gap in the GCC region and beyond,
through public-private partnerships (PPP). Given the potential
of Islamic finance to support infrastructure development in
emerging and developing countries, it is critical to address how
to best deploy Islamic project finance in PPP delivery
frameworks, noted latest World Bank report on ‘Mobilizing
Islamic Finance for infrastructure PPPs’. According to the
World Bank document, Shari’ah-compliant assets have grown
exponentially in the past two decades, accumulating nearly
$1.9tn in assets and spreading across 50 Muslim and non-
Muslim countries around the world. (Peninsula Qatar)
 Middle Eastern economies set for transition in 2018 – Several
economies in the Middle East, particularly in the GCC, are
transitioning towards a new normal in 2018, allowing spending
to start gradually recovering. Overall, GCC’s GDP is expected to
grow from just 0.3% in 2017 to 2.8% next year, and acceleration
from 1.4% in 2017 to 3.2% next year in the wider Middle East.
However, several risks remain to growth in the region,
including those from politics and security. (GulfBase.com)
 Bright future for renewable energy in MENA region – Declining
renewable energy prices and increasing energy demand in the
Middle East and North Africa (MENA) region present a unique
opportunity for stakeholders to accelerate renewable energy
production, invest in long-term competitiveness and energy
security. The bright future for renewable energy in MENA
region was explored in-depth at a recent Bloomberg New
Energy Finance (BNEF) event in Dubai, attended by
approximately 60 energy and financial services professionals.
(GulfBase.com)
 GPCA: GCC’s chemical production capacity to post 5.3% growth
in 2017 – Overall chemical production capacity in the GCC
region is expected to post 5.3% growth in 2017 to about
167.3mn tons, largely on new plants that started up in Saudi
Arabia, the Secretary General of the Gulf Petrochemicals and
Chemicals Association (GPCA) said. This growth is lower than
the 8.5% YoY capacity expansion in 2016, and also a
deceleration from the 6.0% growth recorded in 2015.
(GulfBase.com)
 Saudi Aramco and SABIC to sign MoU on $25bn oil to chemicals
complex – Saudi Aramco and Saudi Basic Industries Corp.
(SABIC) will sign a memorandum of understanding (MoU) to
build a complex converting crude oil to chemicals in Saudi
Arabia. The two companies had agreed in June 2016 to conduct
a feasibility study for the project, which industry sources have
estimated would cost around $25bn to build. (GulfBase.com)

4. Page 4 of 5
 Saudi Aramco sees oil market balanced as UAE dismisses shale
threat – Global crude inventories are declining and supply &
demand are in balance, according to Saudi Aramco’s CEO, Amin
Nasser; while UAE’s Energy Minister said US shale oil doesn’t
threaten OPEC’s efforts to support the market. Demand for
crude is continuing to rise and oil inventories are returning to
the levels of the past five years, Nasser said. (GulfBase.com)
 Non-oil trade between the UAE and Australia reaches $2.8bn –
The volume of non-oil trade between the UAE and Australia
reached to $2.8bn last year. The UAE and Australia affirmed
their commitment to the free trade agreement between
Australia and the GCC, being an efficient mechanism conducive
to broadening economic ties. (GulfBase.com)
 Emirates REIT considering sale of up to $425mn in Sukuk – The
real estate investment trust, Emirates REIT stated that the
trust is planning to sell Sukuk with five year tenor. Trust hired
Dubai Islamic Bank, Emirates NBD, Noor Bank, Standard
Chartered for a potential Dollar-Sukuk sale. (Bloomberg)
 KHCB prepares to list its shares on the DFM – Khaleeji
Commercial Bank (KHCB) announced plans to list its shares in
the Dubai Financial Market (DFM) after obtaining necessary
regulatory approvals. The Bahrain-based bank said it is
awaiting clearances from the regulatory authorities in Bahrain
and the UAE, including the Central Bank of Bahrain (CBB),
DFM, as well as the Securities and Commodities Authority. The
listing process is expecting completion by the end of this year.
(GulfBase.com)
 Jafza steel, building materials trade tops $3.6bn – Jafza, the
Dubai flagship logistics hub of global trade enabler DP World,
stated that trade in steel and building materials reached $3.6bn
during 2016 with further increases expected as the free zone
continues to develop services for companies in the sector. DP
World’s Chairman and CEO, Sultan Ahmed Bin Sulayem said,
“Ongoing construction projects in the UAE and GCC are strong
boost for the metal, steel and construction sector in Jafza as
companies benefit from the growth in development projects
throughout the region.” (GulfBase.com)
 Abu Dhabi records 18% rise in hotel guests in October – Abu
Dhabi hotels reported brisk demand in October with Chinese
visitor arrivals to the Emirate expanding at high double-digit
figures. The Department of Culture and Tourism stated that
418,883 guests checked into Abu Dhabi’s 163 hotels and hotel
apartments in October, or about 18% higher compared with the
same month of last year. (GulfBase.com)
 Kuwait and Iraq near agreement on price for gas exports –
Kuwait and Iraq reached a preliminary agreement on a price for
gas exports clearing the way to a deal for a pipeline and
petrochemical project. Kuwait is waiting for Iraqi government’s
final approval. Iraq would agree to export 50mn cubic feet of
gas per day for ten years, increasing to 200mn cubic feet per day
during that time. (GulfBase.com)
 CBO to float OMR150mn bond issue on December 6 – Central
Bank of Oman (CBO) plans to raise OMR150mn by way of a
government development bond issue, which will open on
December 6. The bond will have a maturity period of seven
years and will carry a coupon rate of 5.25% per annum. The
issue will open for subscription between December 6 and
December 14, 2017, while the auction will be held on December
17, 2017. The issue settlement date will be on December 19.
Interest on the new bonds will be paid semiannually on June 19
and December 19 every year, until the maturity date on
December 19, 2024. Investors may apply for these bonds
through the competitive bidding process only. (GulfBase.com)

5. Contacts
Saugata Sarkar, CFA, CAIA 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
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
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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)
60.0
80.0
100.0
120.0
140.0
160.0
Oct-13 Oct-14 Oct-15 Oct-16 Oct-17
QSE Index S&P Pan Arab S&P GCC
0.8%
0.2% 0.3%
0.0%
0.5%
(0.1%)
(0.3%)(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 1,288.80 (0.2) (0.4) 11.8 MSCI World Index 2,059.54 0.3 1.3 17.6
Silver/Ounce 17.08 (0.1) (1.3) 7.3 DJ Industrial 23,557.99 0.1 0.9 19.2
Crude Oil (Brent)/Barrel (FM Future) 63.86 0.5 1.8 12.4 S&P 500 2,602.42 0.2 0.9 16.2
Crude Oil (WTI)/Barrel (FM Future) 58.95 1.6 4.2 9.7 NASDAQ 100 6,889.16 0.3 1.6 28.0
Natural Gas (Henry Hub)/MMBtu 2.93 0.0 (4.1) (20.5) STOXX 600 386.63 0.5 1.8 21.0
LPG Propane (Arab Gulf)/Ton 100.75 0.0 (0.1) 39.7 DAX 13,059.84 1.1 1.6 28.6
LPG Butane (Arab Gulf)/Ton 102.00 0.0 (2.2) (12.7) FTSE 100 7,409.64 0.1 1.3 12.0
Euro 1.19 0.7 1.2 13.5 CAC 40 5,390.46 0.9 2.4 25.4
Yen 111.53 0.3 (0.5) (4.6) Nikkei 22,550.85 0.1 1.1 23.3
GBP 1.33 0.2 0.9 8.1 MSCI EM 1,154.26 0.2 1.6 33.9
CHF 1.02 0.2 0.9 4.0 SHANGHAI SE Composite 3,353.82 0.0 (0.4) 13.9
AUD 0.76 (0.1) 0.7 5.7 HANG SENG 29,866.32 0.6 2.3 34.8
USD Index 92.78 (0.5) (0.9) (9.2) BSE SENSEX 33,679.24 0.3 1.6 33.2
RUB 58.37 (0.2) (1.2) (4.7) Bovespa 74,157.38 (0.5) 2.1 24.1
BRL 0.31 (0.4) 0.7 0.6 RTS 1,166.09 0.6 3.0 1.2
88.5
88.2
80.6