Qatar stock exchange - Daily report

1. Page 1 of 5
QSE Intra-Day Movement
Qatar Commentary
The QSE Index declined 1.7% to close at 11,657.3. Losses were led by the Banks &
Financial Services and Industrials indices, falling 2.1% and 1.7%, respectively. Top losers
were Qatar International Islamic Bank and Industries Qatar, falling 3.7% and 3.0%,
respectively. Among the top gainers, National Leasing gained 1.5%, while Mannai Corp.
was up 1.4%.
GCC Commentary
Saudi Arabia: The TASI Index fell 0.7% to close at 7,668.2. Losses were led by the Hotel
& Tourism and Transport indices, falling 1.9% and 1.1%, respectively. Tourism
Enterprise Co. fell 4.5%, while Saudi Fisheries Co. was down 3.5%.
Dubai: The DFM Index declined 1.5% to close at 3,566.8. The Transportation index fell
2.0%, while the Financial & Investment Services index declined 1.8%. Al-Madina for
Finance and Invest. fell 9.9%, while Amlak Finance was down 6.0%.
Abu Dhabi: The ADX benchmark index rose 0.3% to close at 4,552.2. The
Telecommunication index gained 1.4%, while the Industrial index rose 0.7%. Sharjah
Cement & Ind. Develop. gained 7.3%, while Bank of Sharjah was up 3.9%.
Kuwait: The KSE Index fell 0.1% to close at 5,758.3. The Technology index declined
3.0%, while the Oil & Gas index fell 2.0%. Zima Holding Co. declined 9.1%, while
Mashaer Holding Co. was down 8.3%.
Oman: The MSM Index fell 0.1% to close at 5,795.7. Losses were led by the Financial
and Industrial indices, falling 0.1% each. Galfar Engineering and Contracting fell 2.0%,
while Bank Sohar was down 1.2%.
Bahrain: The BHB Index declined marginally to close at 1,290.5. The Commercial Bank
index fell 0.2%, while the other indices were flat or in green. Ithmaar Bank was down
4.0%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
National Leasing 16.95 1.5 157.6 (15.3)
Mannai Corp. 95.70 1.4 9.3 (12.2)
Ooredoo 75.80 1.3 170.2 (38.8)
Mesaieed Petrochemical Holding 21.00 0.3 226.0 (28.8)
Qatar Islamic Insurance Co. 74.70 0.3 2.9 (5.4)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Mazaya Qatar Real Estate Dev. 16.30 (0.4) 1,257.2 (10.6)
Vodafone Qatar 13.65 (2.5) 744.9 (17.0)
Ezdan Holding Group 18.61 (0.5) 687.0 24.7
Barwa Real Estate Co. 43.20 (1.8) 677.5 3.1
Masraf Al Rayan 43.75 (2.5) 636.4 (1.0)
Market Indicators 13 Sep 15 10 Sep 15 %Chg.
Value Traded (QR mn) 265.0 667.9 (60.3)
Exch. Market Cap. (QR mn) 613,832.2 623,779.2 (1.6)
Volume (mn) 6.8 14.9 (54.6)
Number of Transactions 4,197 7,444 (43.6)
Companies Traded 40 39 2.6
Market Breadth 6:31 25:11 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 18,119.56 (1.7) (1.7) (1.1) 12.0
All Share Index 3,090.43 (1.5) (1.5) (1.9) 12.6
Banks 3,154.92 (2.1) (2.1) (1.5) 13.4
Industrials 3,528.91 (1.7) (1.7) (12.6) 12.3
Transportation 2,477.42 (0.5) (0.5) 6.9 12.6
Real Estate 2,666.42 (0.8) (0.8) 18.8 8.8
Insurance 4,588.31 (1.5) (1.5) 15.9 12.1
Telecoms 1,014.04 0.2 0.2 (31.7) 29.5
Consumer 6,722.02 (0.9) (0.9) (2.7) 15.7
Al Rayan Islamic Index 4,421.12 (1.6) (1.6) 7.8 12.9
GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD%
Etihad Atheeb Telecomm. Saudi Arabia 5.70 9.6 5,846.2 (15.4)
Bank of Sharjah Abu Dhabi 1.59 3.9 550.0 (14.6)
Mobile Telecomm. Co. Saudi Arabia 9.51 3.3 20,221.2 (20.3)
Mobile Telecomm. Co. Kuwait 0.39 2.6 2,422.2 (26.4)
Jarir Marketing Co. Saudi Arabia 180.78 2.6 101.9 (2.7)
GCC Top Losers## Exchange Close# 1D% Vol. ‘000 YTD%
Ithmaar Bank Bahrain 0.12 (4.0) 1,100.0 (25.0)
Qatar Int. Islamic Bank Qatar 76.10 (3.7) 33.5 (6.9)
Drake & Scull Int. Dubai 0.60 (3.5) 7,975.1 (33.0)
Saudi Fisheries Saudi Arabia 18.12 (3.5) 755.1 (34.3)
Aramex Dubai 3.14 (3.4) 449.2 1.3
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 International Islamic Bank 76.10 (3.7) 33.5 (6.9)
Industries Qatar 130.90 (3.0) 194.2 (22.1)
Al Khalij Commercial Bank 20.90 (2.7) 12.5 (5.2)
Vodafone Qatar 13.65 (2.5) 744.9 (17.0)
Qatar Islamic Bank 117.00 (2.5) 49.1 14.5
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Barwa Real Estate Co. 43.20 (1.8) 29,784.4 3.1
Masraf Al Rayan 43.75 (2.5) 28,331.0 (1.0)
Gulf International Services 60.60 (2.3) 27,436.2 (37.6)
Industries Qatar 130.90 (3.0) 25,650.4 (22.1)
QNB Group 191.20 (2.3) 23,372.2 (10.2)
Source: Bloomberg (* in QR)
Regional Indices Close 1D% WTD% MTD% YTD%
Exch. Val. Traded ($
mn)
Exchange Mkt. Cap.
($ mn)
P/E** P/B**
Dividend
Yield
Qatar 11,657.27 (1.7) (1.7) 0.8 (5.1) 72.78 168,681.1 12.0 1.8 4.3
Dubai 3,566.80 (1.5) (1.5) (2.6) (5.5) 58.77 93,457.6 11.5 1.1 7.3
Abu Dhabi 4,552.22 0.3 0.3 1.3 0.5 41.94 124,144.0 12.1 1.4 5.0
Saudi Arabia 7,668.22 (0.7) (0.7) 1.9 (8.0) 1,281.51 458,133.2 16.4 1.8 3.4
Kuwait 5,758.33 (0.1) (0.1) (1.1) (11.9) 46.90 89,448.3 14.7 1.0 4.5
Oman 5,795.71 (0.1) (0.1) (1.3) (8.6) 4.22 23,574.1 10.6 1.4 4.5
Bahrain 1,290.49 (0.0) (0.0) (0.7) (9.5) 2.41 20,185.1 8.2 0.8 5.3
Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
11,600
11,650
11,700
11,750
11,800
11,850
11,900
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 1.7% to close at 11,657.3. The Banks & Financial
Services and Industrials 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.
 Qatar International Islamic Bank and Industries Qatar were the top losers,
falling 3.7% and 3.0%, respectively. Among the top gainers, National
Leasing gained 1.5%, while Mannai Corp. was up 1.4%.
 Volume of shares traded on Sunday fell by 54.6% to 6.8mn from 14.9mn on
Thursday. Further, as compared to the 30-day moving average of 7.2mn,
volume for the day was 6.2% lower. Mazaya Qatar Real Estate Development
and Vodafone Qatar were the most active stocks, contributing 18.5% and
11.0% to the total volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Ratings
Ratings Updates
Company Agency Market Type* Old Rating New Rating Rating Change Outlook Outlook Change
Warba Bank
(Warba)
Moody’s Kuwait
LT LCR/ST LCR/ LT
FCR/ ST
FCR/BCA/CRA
–
Baa2/Prime-2/
Baa2/Prime-2/
ba3/Baa1(cr)/
Prime-2(cr)
– Stable –
Source: News reports (* LT – Long Term, ST – Short Term, FSR- Financial Strength Rating, LCR – Local Currency Rating, FCR – Foreign Currency Rating, LCR – Local Currency Rating, IDR – Issuer Default Rating, SR –
Support Rating, LC – Local Currency, BCA – Baseline Credit Assessment, CRA – Counterparty Risk Assessment )
News
Qatar
 QCB announces result of government Sukuk, bonds auction – The
Qatar Central Bank (QCB) has announced the results of
government Sukuk and bonds’ auction conducted on September 2,
2015. The QCB issued government Sukuk worth QR4.9bn and
bonds worth QR10.6bn with a maturity period of three, five, seven
and ten years (yrs). Sukuk worth QR1.7bn (3 yrs), QR1.7bn (5
yrs), QR750mn (7 yrs) and QR750mn (10 yrs) were issued at
yields of 2.25%, 2.75%, 3.25% and 3.75%, respectively.
Government bonds worth QR4.15bn (3 yrs), QR4.15bn (5 yrs),
QR1.45bn (7 yrs) and QR850mn (10 yrs) were issued at yields of
2.25%, 2.75%, 3.25% and 3.75%, respectively. (QCB)
 GWCS to raise QR458mn through rights issue – Gulf Warehousing
Company (GWCS) has received shareholders’ nod for a rights issue
through which it is aiming to raise as much as QR458mn to shore
up its capital base and part-fund its expansion. The company will
issue 11.89mn shares at QR38.5 (QR10 at par and a premium of
QR28.5). The proposal for the rights issue was approved at the
extraordinary general assembly meeting, which was presided over
by GWCS’ Chairman Sheikh Abdulla bin Fahad bin Jassem bin Jabor
al-Thani. Masraf Al Rayan Group has been mandated as the issue
manager. However, the company did not specify by when the issue
will hit the market. All shareholders, as of October 12, will be
eligible for the rights issue pending approval from authorities.
According to a GWCS spokesman, both the subscription period and
terms & conditions will be announced in local newspapers at the
beginning of October. GWCS will also ensure that the process will
be completed by the end of November with more details and
updates available at the company’s website. Earlier, the Corporate
Supervision Department at the Ministry of Economy & Commerce
(MEC) approved the GWCS board’s proposal to increase the
company’s capital by 25%, which is equivalent to 11.89mn shares
at QR38.50 per share for existing shareholders. According to
GWCS, the rights issue will fund a variety of its projects,
particularly the GWCS Bu Sulba Logistics Park, which was awarded
in December 2014 by the Economic Zones Company (Manateq).
(Gulf-Times.com)
 MERS to replace QIGD on QSE Index – Al Meera Consumer Goods
Company (MERS) will replace Qatari Investors Group (QIGD) on
the QSE Index of the Qatar Stock Exchange with effect from
October 1, 2015. Further, Zad Holding Company (ZHCD) will join
the QSE Al Rayan Islamic Index, taking the number of its
constituents to 18. Ahli Bank (ABQK) recording a velocity less than
1% will be removed from both the QSE All Share Index and Banks
& Financial Services index. (QSE)
 10 Gulf banks apply for Qatar license – Around 8 to 10 banks from
the GCC countries have applied for license to operate in Qatar and
are likely to get approval before 2015-end. Some of the banks are
seeking the Qatar Financial Centre (QFC) route to enter Qatar
while others want to operate outside of it. Since Qatar Central
Bank (QCB) is the pivotal licensing authority, all the banks have
made their applications to the banking regulator. Once approval is
granted, they are expected to meet the necessary requirements,
complete the paperwork and begin their operations by early 2016.
Al Sharq reported, quoting sources from QCB that the banks
aspiring to operate in Qatar are from Saudi Arabia, the UAE,
Kuwait, Bahrain and Oman. The top applicants include First Gulf
Bank from the UAE, and Bank Muscat from Oman, in addition to
some Saudi and Kuwaiti banks. Qatar’s decision to allow GCC
banks to open branches in its territory is part of a GCC-wide policy
to bolster regional economic cooperation in all fields. (Peninsula
Qatar)
 QDB unveils new equity fund for start-ups, SMEs – Qatar
Development Bank (QDB), the 100% government entity which
plays an active role in developing investments within the local
industries, has launched a direct equity investment (Istithmar) to
support Qatari entrepreneurs and SMEs. QDB also announced a
‘SME Equity Fund’, the first product under ‘Istithmar’. The ‘SME
Equity Fund,’ worth QR365m, is designed to provide valuable
investment to innovative start-up companies and SMEs. QDB CEO
Abdulaziz bin Nasser Al Khalifa said the initiative will play a
Overall Activity Buy %* Sell %* Net (QR)
Qatari 53.58% 59.75% (16,353,881.78)
GCC 13.00% 11.65% 3,598,664.97
Non-Qatari 33.41% 28.60% 12,755,216.81

3. Page 3 of 5
significant role in developing private sector business opportunities
for Qatar. The aim of the fund is to provide the capital needed for
Qatari entrepreneurs or start-up owners. The initiative is designed
to encourage new and innovative projects that will contribute to
the country’s economic diversification, generating value neutral
returns that can be reinvested in subsequent funds to help and
support the economy. (Peninsula Qatar)
 The First Investor buys stake in Shater Abbas – The First Investor,
the investment banking arm of Barwa Bank Group, has acquired a
49% stake in Shater Abbas Restaurants International Group, a
leading restaurant chain headquartered in Qatar. Established in
Qatar in 1998 by Hussain Al Emadi, the Shater Abbas Restaurants
concept features a variety of Persian and Gulf contemporary
cuisine. The company operates nine branches, a central kitchen
and offers home delivery & catering services and has more than
270 employees. (Peninsula Qatar)
International
 BIS: China, Brazil among developing nations at risk of banking crisis
– Switzerland-based the Bank for International Settlements (BIS)
said credit growth in China, Brazil and Turkey does not only risk
spurring a hangover in bad debt – it also signals a banking crisis is
on the horizon. According to the BIS report, a ratio of credit to
GDP, a measure of how much private-sector credit has deviated
from its long-term trend, stands at 25.4% in China. That is the
highest of any major economy and compares with 16.6% in Turkey
and 15.7% in Brazil. BIS said that historically, a country with a
ratio above a 10% threshold has a two-thirds chance of “serious
banking strains” occurring within three years. Meanwhile, the
biggest banks in Brazil, which are in the midst of the worst
contraction in a quarter century, are boosting provisions to cover
their bad loans. The report showed that like China, Indonesia,
Singapore and Thailand also have credit-to-GDP ratios that exceed
10% and are therefore vulnerable to banking strains. (Bloomberg)
 China reveals reform details for state-firms as growth sputters –
China unveiled details of how it would restructure its state-owned
enterprises (SOEs), including partial privatization, as data pointed
to a cooling in the world’s second-largest economy. The official
Xinhua news agency said the guidelines, jointly issued by the
Communist Party’s Central Committee and the State Council,
China’s cabinet, included plans to clean up and integrate some
state firms. Xinhua said the plans included introducing “mixed
ownership” by bringing in private investment, and decisive results
were expected by 2020. The news agency said the government will
not force “mixed ownership”, nor will it set a timetable, giving each
firm the go-ahead only when conditions are mature. SOEs will be
divided into commercial and public welfare-related businesses
during the reform process. Oil & gas, electricity, railways and
telecommunications were identified as sectors that could be
suitable for limited non-state investment. Meanwhile, data
published by the National Bureau of Statistics showed growth in
fixed-asset investment, a crucial economic driver, slowed to 10.9%
in the first eight months of 2015 - the weakest pace in nearly 15
years. Annual growth in real estate investment also continued to
cool to 3.5% in the first eight months, the weakest since early
2009, from 4.3% in January-July. Retail sales were the single
positive surprise, growing 10.8% YoY in August and above
forecasts of 10.5%, the same as July. The government is aiming for
2015 economic growth of around 7%, which would be the slowest
in a quarter century. (Reuters)
 Economy Minister: Spain to grow 3.5% YoY in 3Q2015 – Spain’s
Economy Minister, Luis de Guindos said the Spanish economy will
expand by around 3.5% YoY in 3Q2015, putting it on course to
achieve overall growth of 3.3% in 2015. De Guindos said job
creation has slowed down in the last months but indicators signal
that the growth will be close to 3.5% in the third quarter. De
Guindos dismissed the idea that a heated debate over a potential
split of Catalonia from Spain was hurting international
investments in the country. He said direct international
investments in Catalonia in 1H2015 were close to €2bn and were
slightly above €6.3bn in Spain. De Guindos added that political
instability or a government that would cancel the reforms passed
since 2011 were posing the main risks for the economy. (Economic
Times)
Regional
 APC BoD recommends SR123mn dividend for 3Q2014 – Advanced
Petrochemical Company’s (APC) board of directors (BoD) has
recommended the distribution of 7.5% dividend (SR0.75 per
share), amounting to SR123mn for 3Q2014. Shareholders, who are
registered in the registers of the Securities Depository Center
(Tadawul) on September 30, 2014, will be eligible to receive the
dividend. The dividend will be distributed on October 12, 2015.
(Tadawul)
 Saudi joins FTSE watch list for possible addition to secondary
emerging market status – FTSE has added Saudi Arabia to its watch
list for possible inclusion in the emerging markets category,
following the opening of its stock market to qualified institutional
investors in June 2015. An inclusion in FTSE and MSCI indexes
could drive billions of dollars in passive fund investments into
Saudi Arabia, although the process is likely to take years. FTSE will
engage with the market as it works toward meeting the
requirements for the Secondary Emerging status. (CPI, Reuters)
 Apollo in race to acquire Al-Raya for Foodstuff – According to
sources, US-based Apollo is bidding for Saudi Arabian supermarket
chain Al-Raya For Foodstuff Company. Dubai-based Frontier
Management sourced the deal for Apollo, which would be the US
firm’s first Mideast investment. Reportedly, Abraaj Group, Fajr
Capital and Gulf Capital are among the potential bidders for the
supermarket chain. Al-Raya may be valued at as much as SR1.7bn.
(Bloomberg)
 UAE consumer paper, packaging market valued at $500mn –
According to Al Fajer Information & Services, organizers of the
Paper Arabia 2015 which commences in Dubai on September 14,
the UAE consumer paper and board packaging market is valued at
$500mn. The industry represents around 0.5% of the global
demand which is expected to increase as the UAE economy
develops further. Al Fajer’s Exhibition Manager, Lamyae Zafati said
that the packaging sales in the UAE will continue to show strong
growth as both increased consumption and demand for consumer
goods drives the need for more sophisticated packaging.
(GulfBase.com)
 CBD shareholders reject $750mn Tier 1 bond plan – Commercial
Bank of Dubai’s (CBD) shareholders have rejected a proposal to
issue $750mn Tier 1 capital perpetual securities. Earlier, in August
2015, the bank’s board of directors has proposed the Basel III
compliant bond, subject to shareholder and regulatory approval.
The proposal was rejected by 39.24% of shareholders present at
the meeting. (Reuters)
 UP sets date for Oia contract bids – Union Properties (UP) General
Manager Ahmad Al Marri has said that the developer will send
tender documents out to contractors for its AED400mn, 271-unit
Oia project in November 2015. The company has decided to move
its AED680mn Green Community West project forwards first,
while Oia will be the next to be brought forward. Mr. Al Marri said
off-plan sales for the project, which comprises 152 villas and 127
apartments ranging from one to four bedrooms, will get under way
in 1Q2016. Oia is one of three projects that Union Properties
announced at Cityscape 2014. Together, they are worth
AED2.18bn. (GulfBase.com)

4. Page 4 of 5
 DEWA to award solar power contracts for third phase worth $3.3bn
in 1Q2016 – Dubai Electricity & Water Authority (DEWA) is
expected to award contracts for the third phase of a $3.3bn solar
energy park in 1Q2016. DEWA CEO Saeed Mohammed Al Tayer
said the project will produce 800 megawatts (MW) of solar
electricity. It will probably be awarded to more than one company.
He said the company is still deciding whether to build the plant all
at once or at different times to take advantage of lower costs. In
January 2015, DEWA tripled its target for solar energy production
to take advantage of lower building costs. (Bloomberg)
 Americana in talks for stake sale, no binding offers – Kuwait Food
Company (Americana) has confirmed that talks are under way
with several parties interested in buying a stake in it. Earlier,
Americana board had said that it was not aware of any bids for a
stake in the company and there had been no developments that
would cause unusual trading in its shares. Earlier, in 2014,
Americana’s shareholders were in talks with private equity funds
KKR and CVC regarding selling a stake in the company. (Reuters)
 KIPCO plans $5bn real estate project – Kuwait Projects Company
(KIPCO) is planning a $5bn real estate scheme on the outskirts of
Kuwait City. United Real Estate, a unit of KIPCO, will be
responsible for its implementation, along with other unnamed
entities. The 380,000 square-meter project is planned for the Al-
Daiya area, where several foreign embassies are located. It will
include both residential and commercial spaces, as well as
infrastructure such as roads, parks, walkways and electricity. The
company aims to present its plans to regulators in the coming days
and to begin implementing them in 2015. (Reuters)
 Al Jazeera CEO resigns – Al Jazeera Steel Products Company (Al
Jazeera) has announced that its Chief Executive Officer (CEO) Dr.
Bhaskar Dutta has tendered his resignation for personal reasons
and is awaiting the approval from the board of directors. (MSM)
 GCC-Stat: Oman registers lowest inflation rate in GCC states –
According to latest statistics issued by the GCC-Stat, Oman
registered the lowest inflation rate of 0.46% among the GCC states
in July 2015. Among the GCC member states, the highest inflation
rate was recorded in the UAE at 4.43%, followed by Kuwait at
3.62%, Saudi Arabia at 2.2%, Qatar at 1.6%, Bahrain at 1.1%, and
Oman at 0.46%. As compared to the general index of June 2015,
the inflation index of July 2015 showed a slight increase in Qatar
by 0.6%, in the Sultanate by 0.53%, in Saudi Arabia by 0.3%, the
UAE by 0.29% and Kuwait by 0.07%. In contrast, Bahrain
registered a fall of 0.2%. The prices of commodities in the 'food &
beverage' group increased in July 2015 in most of the GCC
countries as compared to July 2014. (GulfBase.com)
 Oman Rail evaluating EPC prequalification bids – Oman Rail is
evaluating the prequalification offers submitted by a number of
international railway contractors for the engineering procurement
construction (EPC) of a further three segments of Oman’s National
Rail Project. The project is being carefully planned, structured and
executed to deliver long-term and sustainable economic benefits in
the form of employment generation, commercial opportunities for
Omani companies and SMEs, and In Country Value (ICV).
(GulfBase.com)
 BTech, Chinese Association ink e-commerce deal – The Bahrain
Technology Companies Society (BTech) has signed an agreement
with a Chinese Association to make Bahrain a center for
development of e-commerce projects in the region and enhance its
role as a global hub for trade and services. This agreement will
enhance mutual cooperation between the two countries in the
field of e-commerce and the exchange of experiences between
Chinese, Arab and Middle Eastern enterprises in this field. As per
the agreement, the Bahraini side will organize the first annual
"conference in the field of e-commerce." This event is expected to
attract thousands of those interested in developing e-commerce
industry and achieve a positive impact on trade in general in the
Kingdom of Bahrain and the region. (GulfBase.com)

5. Contacts
Saugata Sarkar Sahbi Kasraoui QNB Financial Services SPC
Head of Research Head of HNI Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6534 Tel: (+974) 4476 6544 PO Box 24025
saugata.sarkar@qnbfs.com.qa sahbi.alkasraoui@qnbfs.com.qa Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services SPC (“QNBFS”) a wholly-owned subsidiary of QNB SAQ (“QNB”). QNBFS is regulated by the Qatar Financial
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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
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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
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Page 5 of 5
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
80.0
100.0
120.0
140.0
160.0
180.0
Sep-11 Sep-12 Sep-13 Sep-14 Sep-15
QSE Index S&P Pan Arab S&P GCC
(0.7%)
(1.7%)
(0.1%) (0.0%) (0.1%)
0.3%
(1.5%)
(2.0%)
(1.5%)
(1.0%)
(0.5%)
0.0%
0.5%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,107.78 (0.3) (1.4) (6.5) MSCI World Index 1,626.99 0.1 2.0 (4.8)
Silver/Ounce 14.61 (0.5) 0.2 (6.9) DJ Industrial 16,433.09 0.6 2.1 (7.8)
Crude Oil (Brent)/Barrel (FM Future) 48.14 (1.5) (3.0) (16.0) S&P 500 1,961.05 0.4 2.1 (4.8)
Crude Oil (WTI)/Barrel (FM Future) 44.63 (2.8) (3.1) (16.2) NASDAQ 100 4,822.34 0.5 3.0 1.8
Natural Gas (Henry Hub)/MMBtu 2.66 (1.6) (0.2) (11.0) STOXX 600 355.72 (0.3) 2.6 (2.6)
LPG Propane (Arab Gulf)/Ton 44.62 (0.3) 3.2 (8.9) DAX 10,123.56 (0.1) 2.7 (3.7)
LPG Butane (Arab Gulf)/Ton 57.00 (0.4) 1.8 (13.0) FTSE 100 6,117.76 (0.7) 2.8 (7.7)
Euro 1.13 0.5 1.7 (6.3) CAC 40 4,548.72 (0.3) 2.4 (0.2)
Yen 120.59 (0.0) 1.3 0.7 Nikkei 18,264.22 (0.3) 1.2 3.6
GBP 1.54 (0.1) 1.7 (1.0) MSCI EM 802.49 (0.2) 1.8 (16.1)
CHF 1.03 0.4 0.2 2.6 SHANGHAI SE Composite 3,200.23 0.1 1.0 (3.7)
AUD 0.71 0.3 2.7 (13.2) HANG SENG 21,504.37 (0.3) 3.2 (8.9)
USD Index 95.19 (0.3) (1.1) 5.5 BSE SENSEX 25,610.21 0.1 2.2 (11.3)
RUB 68.00 0.4 (0.7) 12.0 Bovespa 46,400.50 (1.4) (1.3) (36.7)
BRL 0.26 (0.5) (0.7) (31.5) RTS 799.10 (0.2) 0.7 1.1
139.6
117.3
112.7