The QSE Index declined 0.8% on Monday led by losses in the Banks & Financial Services and Real Estate indices. QNB Group and Gulf Warehousing Company were the top losers. Trading volume rose by 14.2% compared to the previous day but was 31.4% lower than the 30-day moving average. Regional indices also declined except for Abu Dhabi which fell 0.9%. Qatar's current account balance swung to a surplus of QR23.4bn in 2017 from a deficit in 2016 due to higher energy prices and a rise in exports.

1. Page 1 of 6
QSE Intra-Day Movement
Qatar Commentary
The QSE Index declined 0.8% to close at 9,556.6. Losses were led by the Banks &
Financial Services and Real Estate indices, falling 1.5% and 0.8%, respectively. Top
losers were QNB Group and Gulf Warehousing Company, falling 2.6% and 2.5%,
respectively. Among the top gainers, Alijarah Holding gained 3.1%, while Zad
Holding Company was up 2.6%.
GCC Commentary
Saudi Arabia: The TASI Index fell 2.4% to close at 7,872.8. Losses were led by the
Media and Food & Beverages indices, falling 4.4% and 3.1%, respectively. Saudi
Cement Co. declined 7.6%, while Saudi Company for Hardware was down 5.6%.
Dubai: The DFM General Index declined 1.5% to close at 2,847.1. The Banks index
fell 2.4%, while the Services index declined 2.1%. Gulf General Investments
Company fell 4.9%, while Emirates NBD was down 4.6%.
Abu Dhabi: The ADX General Index fell 0.9% to close at 4,800.9. The Consumer
Staples index declined 2.0%, while the Telecom. index fell 1.8%. Wahat Al Zaweya
declined 8.0%, while Sharjah Cement & Industrial Development was down 7.6%.
Kuwait: The Kuwait Main market Index declined 0.7% to close at 4,917.9. The
Industrial index fell 1.3%, while the Cons. Services index declined 1.2%. Kuwait
Financial Centre fell 11.8%, while Livestock Transport & Trading was down 10.0%.
Oman: The MSM 30 Index fell 0.6% to close at 4,381.9. Losses were led by the
Industrial and Financial indices, falling 0.5% and 0.4%, respectively. Al Hassan
Engineering fell 27.9%, while Al Anwar Ceramic Tiles was down 3.2%.
Bahrain: The BHB Index fell 0.2% to close at 1,346.1. The Investment index
declined 0.5%, while the Commercial Banks index fell 0.1%. Arab Banking
Corporation declined 2.6%, while BBK was down 0.5%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Alijarah Holding 9.59 3.1 145.0 (10.5)
Zad Holding Company 88.80 2.6 0.4 20.6
Doha Insurance Group 12.60 2.4 2.0 (10.0)
Qatari German Co for Med. Devices 5.18 1.6 5.0 (19.8)
Ooredoo 72.00 1.4 57.5 (20.7)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Vodafone Qatar 9.00 (1.9) 807.3 12.2
Ezdan Holding Group 10.60 (0.1) 772.9 (12.3)
Investment Holding Group 5.38 0.0 440.3 (11.8)
Mesaieed Petrochemical Holding 15.60 (1.8) 385.9 23.9
Qatar Gas Transport Company Ltd. 16.90 (0.6) 347.3 5.0
Market Indicators 13 Aug 18 12 Aug 18 %Chg.
Value Traded (QR mn) 159.9 136.0 17.5
Exch. Market Cap. (QR mn) 526,074.9 531,272.0 (1.0)
Volume (mn) 4.9 4.3 14.2
Number of Transactions 3,244 2,340 38.6
Companies Traded 40 42 (4.8)
Market Breadth 13:24 4:37 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 16,837.73 (0.8) (3.3) 17.8 14.2
All Share Index 2,799.00 (0.9) (3.6) 14.1 14.5
Banks 3,345.13 (1.5) (5.1) 24.7 13.6
Industrials 3,108.90 (0.3) (2.5) 18.7 15.4
Transportation 2,011.61 (0.2) (0.9) 13.8 12.5
Real Estate 1,856.34 (0.8) (3.6) (3.1) 15.8
Insurance 3,081.55 (0.4) (3.1) (11.4) 28.8
Telecoms 1,017.16 0.1 (0.8) (7.4) 39.9
Consumer 6,173.42 0.1 (1.3) 24.4 13.4
Al Rayan Islamic Index 3,774.30 (0.8) (2.6) 10.3 16.3
GCC Top Gainers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Ooredoo Qatar 72.00 1.4 57.5 (20.7)
Qatar Navigation Qatar 66.00 1.1 84.7 18.0
HSBC Bank Oman Oman 0.12 0.8 283.5 (7.0)
Abu Dhabi Islamic Bank Abu Dhabi 3.93 0.8 36.0 4.0
DAMAC Properties Dubai 2.17 0.5 227.9 (34.2)
GCC Top Losers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Saudi Cement Co. Saudi Arabia 39.75 (7.6) 203.8 (16.2)
Riyad Bank Saudi Arabia 16.60 (5.1) 1,546.1 32.8
Banque Saudi Fransi Saudi Arabia 32.15 (4.9) 464.0 12.4
Emirates NBD Dubai 9.38 (4.6) 3,595.3 14.4
Arab National Bank Saudi Arabia 32.55 (4.3) 268.8 31.8
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%
QNB Group 162.00 (2.6) 177.8 28.6
Gulf Warehousing Company 40.55 (2.5) 18.2 (7.8)
Barwa Real Estate Company 35.31 (2.2) 131.7 10.3
Qatar Electricity & Water Co. 188.00 (2.1) 42.0 5.6
Vodafone Qatar 9.00 (1.9) 807.3 12.2
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Qatar Islamic Bank 130.31 0.2 33,330.3 34.3
QNB Group 162.00 (2.6) 29,221.0 28.6
Industries Qatar 121.05 0.5 13,765.9 24.8
Ezdan Holding Group 10.60 (0.1) 8,276.7 (12.3)
Qatar Electricity & Water Co. 188.00 (2.1) 8,028.1 5.6
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* 9,556.64 (0.8) (3.3) (2.7) 12.1 43.78 144,512.8 14.2 1.4 4.6
Dubai 2,847.14 (1.5) (2.5) (3.7) (15.5) 34.25 101,908.7 9.0 1.1 5.9
Abu Dhabi 4,800.90 (0.9) (1.5) (1.2) 9.2 61.03 130,326.6 12.6 1.4 5.0
Saudi Arabia 7,872.79 (2.4) (3.7) (5.1) 8.9 985.84 498,326.7 17.2 1.8 3.6
Kuwait 4,917.89 (0.7) (0.9) (0.3) 1.9 49.78 33,830.0 14.9 0.9 4.2
Oman 4,381.92 (0.6) (1.1) 1.0 (14.1) 9.46 18,646.8 8.9 0.9 6.2
Bahrain 1,346.09 (0.2) (0.3) (0.9) 1.1 6.07 20,669.7 8.9 0.9 6.1
Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Market and Dubai Financial Market (** TTM; * Value traded ($ mn) do not include special trades, if any)
9,550
9,600
9,650
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00

2. Page 2 of 6
Qatar Market Commentary
 The QSE Index declined 0.8% to close at 9,556.6. The Banks & Financial
Services and Real Estate indices led the losses. The index fell on the back
of selling pressure from GCC shareholders despite buying support from
Qatari and non-Qatari shareholders.
 QNB Group and Gulf Warehousing Company were the top losers, falling
2.6% and 2.5%, respectively. Among the top gainers, Alijarah Holding
gained 3.1%, while Zad Holding Company was up 2.6%.
 Volume of shares traded on Monday rose by 14.2% to 4.9mn from 4.3mn
on Sunday. However, as compared to the 30-day moving average of
7.1mn, volume for the day was 31.4% lower. Vodafone Qatar and Ezdan
Holding Group were the most active stocks, contributing 16.5% and
15.8% to the total volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Earnings Releases, Global Economic Data and Earnings Calendar
Earnings Releases
Company Market Currency
Revenue (mn)
2Q2018
% Change
YoY
Operating Profit
(mn) 2Q2018
% Change
YoY
Net Profit
(mn) 2Q2018
% Change
YoY
Amanat Holdings Dubai AED 11.9 -22.4% – – 13.4 12.7%
Oman Insurance Company Dubai AED 1,032.4 4.7% – – 26.5 4.6%
Dar Al Takaful Dubai AED 29.4 1.5% – – 2.0 82.6%
Emaar Development Dubai AED 3,726.0 145.5% – – 997.0 73.4%
Abu Dhabi National Oil Company
for Distribution
Abu Dhabi AED 5,807.9 20.2% 613.0 31.0% 582.1 24.3%
Eshraq Properties Abu Dhabi AED 5.9 7.1% – – 10.1 145.4%
Methaq Takaful Insurance
Company
Abu Dhabi AED – – – – 8.0 N/A
Waha Capital Abu Dhabi AED 72.2 -13.4% – – 141.8 34.3%
Bahrain Ship Repairing &
Engineering Company
Bahrain BHD 2.1 2.5% – – 0.8 -5.0%
Bahrain National Holding
Company
Bahrain BHD 8.5 15.5% – – 1.2 52.1%
Solidarity Bahrain* Bahrain BHD – – – – 1.2 1200.0%
Nass Corporation Bahrain BHD 43.8 7.2% – – 0.9 -54.3%
Source: Company data, DFM, ADX, MSM, TASI, BHB. (*Financials for 1H2018)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
08/13 India India Central Statistical Organization CPI YoY July 4.17% 4.49% 4.92%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
Earnings Calendar
Tickers Company Name Date of reporting 2Q2018 results No. of days remaining Status
ZHCD Zad Holding Company 14-Aug-18 0 Due
Source: QSE
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 34.51% 25.24% 14,826,149.24
Qatari Institutions 9.72% 12.89% (5,073,782.69)
Qatari 44.23% 38.13% 9,752,366.55
GCC Individuals 1.02% 1.34% (503,563.88)
GCC Institutions 0.39% 7.86% (11,934,028.31)
GCC 1.41% 9.20% (12,437,592.19)
Non-Qatari Individuals 10.83% 12.04% (1,923,197.72)
Non-Qatari Institutions 43.52% 40.64% 4,608,423.36
Non-Qatari 54.35% 52.68% 2,685,225.64

3. Page 3 of 6
News
Qatar
 MRDS reports QR22.53mn net profit in 2Q2018 – Mazaya Qatar
Real Estate Development (MRDS) recorded net profit of
QR22.53mn in 2Q2018 as compared to net profit of QR8.43mn in
2Q2017 and net loss of QR6.32mn in 1Q2018. EPS amounted to
QR0.140 in 1H2018 as compared to QR0.116 in 1H2017. In
1H2018, MRDS reported net profit of QR16.21mn as compared
to QR13.45mn for the period of the previous year. (QSE)
 Qatar’s current account balance swings back to surplus –
Qatar’s current account balance recorded a surplus of QR23.4bn
in 2017, in contrast to a deficit of QR30.1bn in 2016. The
recovery in global energy prices enabled the turnaround in the
current account balance and restored the surplus position that
Qatar had maintained for nearly two decades prior to 2016. As a
percentage of GDP, the surplus stood at 3.8% in 2017 as against
a deficit of 5.4% in 2016, according to the Qatar Central Bank.
Within the current account, the trade (goods) account surplus
increased to QR133.7bn in 2017, a sharp increase of 44.8% from
the surplus of QR92.4bn in 2016. Deficit in the services account
continued, but at QR49.9bn showed a significant decline of
16.2% from the deficit of QR59.6bn in 2016. Deficit in the
income account also recorded a sharp fall, while deficit in the
transfers account remained flat at QR58.8bn in 2017 compared
to QR58.9bn in the previous year. Increase in trade surplus is
followed from a combination of a sharp rise in exports and
contraction in imports. While exports grew by 17.8% to
QR245.7bn driven by hydrocarbon exports, imports declined by
3.7% to QR112bn on an annual basis. (Peninsula Qatar)
 Qatar’s nominal GDP expands 9.9% despite blockade –
Reaffirming that the blockade has failed to halt Qatar’s growth
trajectory, a key government document revealed that the
country’s nominal GDP witnessed an estimated 9.9% growth in
2017, while maintaining a benign inflation rate of less than 1%.
The Qatar Central Bank (QCB) in its 2017 annual report noted
the Qatari economy during 2017 remained robust and stable.
Riding on the recovery in global energy prices, the nominal
GDP’s 9.9% expansion was against a contraction of 7.4% in the
previous year; and showed a sharp gain in terms of trade. Real
GDP growth during 2017 decelerated somewhat to 1.6% from
2.2%. However, much of it was due to self-imposed moratorium
on new projects in the North Gas Field and OPEC+ led cut in oil
production. Nominal GDP reached QR610bn in 2017 as
compared with QR554bn in the previous year. (Peninsula Qatar)
 Transportation costs drive up Qatar’s July inflation to 0.2% –
Qatar’s inflation came in at 0.2% YoY in July on the back of
soaring transportation costs in the country, the Ministry of
Development Planning and Statistics (MDPS) stated in a report.
According to the consumer price index (CPI) released for the
month of July, inflation increased to 108.91 points in July from
108.7 points in the same month a year earlier. The report
ascribed the YoY inflation rise to the net effect of increases in
seven main groups topped by the transportation sector, which
jumped 7.8%, followed by the health and clothes segments with
4.3% and 3.2%, respectively. On the other hand, the remaining
four main groups witnessed a price drop headed by the
telecommunication, food and beverages, and housing and
electricity segments, which declined 11.9%, 3.4%, and 2.9%,
respectively. When compared on MoM basis, the country’s
inflation increased 0.1% in July, compared to 108.84 points a
month earlier. (Qatar Tribune)
 BMI: Qatar, GCC countries may maintain currency peg over the
next decade – Currency pegs to the Dollar will remain in place in
Qatar and four other GCC countries over the coming decade,
according to BMI Research (BMI). With hydrocarbon still
accounting for an overwhelming majority of exports, de-
pegging would carry limited benefits in terms of boosting
external competitiveness. “At the same time, de-pegging would
have severe repercussions on investor sentiment towards the
region, likely triggering sharp capital outflows,” BMI stated.
This, in turn, would result in depreciatory pressures, raising the
costs of much-needed imported goods and fuel popular
discontent. “Not only do we see little appetite to substantially
amend the current exchange rate regimes in the GCC, but we
also believe that governments will be able to defend their
respective pegs, especially as recovering oil prices have a
positive impact on the bloc’s external and fiscal position,” BMI
stated. According to BMI, central banks across the bloc will
continue to actively support Dollar pegs over the coming
decade. With the exception of Kuwait, whose currency is
pegged to a currency basket in which the Dollar plays an
overwhelming role, all other GCC economies have had their
currencies pegged to the Dollar for several decades, given their
long-standing reliance on oil for exports and fiscal revenues.
(Gulf-Times.com)
 Plans for South Korean LED plant in Qatar on track – Qatar is
still primed to be an export hub for South Korean high-tech
products, particularly light emitting diode (LED), according to
an embassy official, who said plans to establish an LED
manufacturing facility in the country remains on track. A South
Korean consortium composed of some 11 small and medium
companies specializing in LED technology are still in discussion
with their Qatari counterparts, including Qatar Development
Bank (QDB), according to Jungsik Choi, first Secretary at the
South Korean embassy in Qatar. Once operational, the LED
facility in Qatar will cater to the Middle East and North Africa
(MENA) market. However, the project, which was expected to
be operational by the end of 2017, has faced a series of delays
since details of the plan were announced in 2014. (Gulf-
Times.com)
 Hassad announces expansion of animal feed project – In a move
to support efforts to achieve self-sufficiency in animal feed
sector, Hassad, Qatar’s premier investor in food and
agribusiness sectors, announced the commencement of its
expansion plans in its foreign and domestic investments.
Hassad also announced that it has signed an agreement with
the Sudanese side to commence negotiations on the acquisition
of a major share in one of the largest fodder producing projects
in Sudan. (Peninsula Qatar)
International
 China’s investment, retail sales misses expectations; July
industrial output growth steady – China’s fixed-asset
investment growth slowed more than expected to 5.5% in the
first seven months of the year, in a further sign of softening
demand in the world’s second-largest economy, data showed.

4. Page 4 of 6
Industrial output grew 6.0% in July from a year earlier, steady
from the previous month. Analysts polled by Reuters had
predicted industrial output growth quickened to 6.3% in July
from 6.0% in June. Investment growth had been expected to
remain at 6.0% in the first seven months of the year, in line
with the pace in January-June. Private sector fixed-asset
investment rose 8.8% in January-July, compared with an
increase of 8.4% in the first half, according to official data.
Private investment accounts for about 60% of overall
investment in China. Retail sales rose 8.8% in July from a year
earlier, below an expected 9.1% and down from 9.0% in June.
(Reuters)
 China’s January-July fiscal expenditure up 7.3% YoY – China’s
fiscal expenditure in the first seven months of the year rose
7.3% from a year earlier, according to the finance ministry. For
July alone, government spending picked up 3.3% from a year
earlier, compared with 7% growth in June. China’s fiscal
revenue for Jan-July rose 10% from the same period a year
earlier. Further, real estate investment in China rose 10.2% in
the first seven months of 2018 from the same period a year
earlier, official data showed. That compared with 9.7% gain in
the first six months of the year. (Reuters)
 India’s July inflation eases, RBI may hold on rates – India’s
retail inflation rate eased in July, strengthening views that the
Reserve Bank of India (RBI) will keep interest rates on hold at
its review in October after raising them for a second straight
meeting on August 1. In July, consumer prices rose 4.17% from
a year earlier, compared with a downwardly revised 4.92% in
June, according to the Statistics Ministry. The median forecast
of economists polled by Reuters for July was 4.51%, with
estimates ranging from 3.75% to 5.40%. (Reuters)
Regional
 Economists expect the Saudi Arabian economy to pick up
growth momentum this year – Saudi Arabia’s government
finances are on a strong rebound after going through a period of
mounting fiscal deficits that warranted high levels of public
borrowings and draw down from government reserves. Latest
data from Saudi Arabia’s Ministry of Finance showed that the
Kingdom’s budget deficit narrowed to SR7.36bn in 2Q2018 from
SR34.3bn in 1Q2018. Gains in government revenues, largely
driven by higher oil prices have helped the Kingdom to narrow
its fiscal deficits from the levels forecast earlier, according to
economists. Economists expect along with decline in deficits,
the Saudi Arabian economy is likely to pick up growth
momentum this year. (GulfBase.com)
 Saudi Arabia cuts oil production as OPEC points to 2019 surplus
– The Organization of the Petroleum Exporting Countries
(OPEC) forecasted lower demand for its crude next year as
rivals pump more and stated that Saudi Arabia, eager to avoid a
return of oversupply, had cut production. In a monthly report,
OPEC stated that the world will need 32.05mn barrels per day
(bpd) of crude from its 15 members in 2019, down 130,000 bpd
from last month’s forecast. The drop in demand for OPEC’s
crude means there will be less strain on other producers in
making up for supply losses in Venezuela and Libya, and
potentially in Iran as renewed US sanctions kick in. (Gulf-
Times.com)
 SRC plans Islamic bond issues to fund mortgage drive – Saudi
Real Estate Refinance Co. (SRC) is planning to begin issuing
Islamic bonds in the coming months to finance its drive to
expand the Kingdom’s home mortgage market, its CEO said.
SRC has so far operated with financing from the Public
Investment Fund (PIF) and short-term deals with banks. It will
now begin issuing Sukuk to raise money, first in Saudi Riyals,
but eventually in foreign currencies to attract international
investors. (Reuters)
 Trade volume between the UAE and New Zealand amounts to
$1.91bn – Trade volume between the UAE and New Zealand
amounted to $1.91bn, making the UAE one of the most
important trading partners to New Zealand, according to the
UAE’s Ambassador to New Zealand, Saleh Al Suwaidi. He also
praised the strategic trade relations between the two countries.
He cited the multiple visits of senior officials from both
countries as a driving force behind this unique and strong
relationship; especially the visit of the Sheikh Abdullah Bin
Zayed Al Nahyan, Minister of Foreign Affairs and International
Cooperation, to New Zealand in May, that helped position the
UAE as a gateway to do business from all over the world.
(GulfBase.com)
 NASDAQ Dubai to allow individuals to invest in Sukuk market
by 2019 – NASDAQ Dubai exchange is planning to allow
individuals to invest in Sukuk (Islamic bonds) by 2019,
according to its CEO, Hamed Ahmed Ali. Over the past few
years, the exchange has been looking at ways to sell Sukuk
directly to retail investors, expanding the primary market
beyond institutional buyers. He added the bourse is consulting
with Dubai International Finance Center (DIFC) to launch a
product which provides a minimal investment limit and a
Shari’ah-compliant interest rate. (Reuters)
 Agility teams up with Centerbridge Partners on Abraaj bid –
Kuwait’s Agility Public Warehousing Company (Agility)
teamed up with US-based Centerbridge Partners for its bid to
acquire all or part of Abraaj Group, according to sources. The
pair is among potential buyers to emerge for the investment
management unit of Abraaj Group, which filed for provisional
liquidation in the Cayman Islands in June after months of
turmoil related to a row with investors over the use of their
money in a $1bn healthcare fund. (Reuters)
 China is Oman’s biggest export market in 2018 – China is
Oman’s biggest export market with a share of 43.45%, followed
by India (10.86%), the UAE (6.47%), Korea (6.27%) and Japan
(5.5%). These figures are as of April 2018. Around 45% of goods
imported to Oman are from the UAE (46.48%), followed by
China (6.24%), US (4.47%), India (4.34%) and Italy (3.32%). At
22.85%, Qatar is the biggest re-export market, followed by the
UAE (21.89%), Iran (8.21%), the UK (6.71%) and Pakistan
(6.61%). (GulfBase.com)
 BISB’s net profit narrows to BHD1.4mn in 2Q2018 – Bahrain
Islamic Bank (BISB) recorded net profit of BHD1.4mn in 2Q2018
as compared to BHD2.7mn in 2Q2017. Total income came in at
BHD10.3mn as compared to BHD10.9mn in 2Q2017. Total
assets stood at BHD1,207.94mn as of June 30, 2018 as compared
to BHD1,228.65mn as of December 31, 2017. Financing assets
stood at BHD558.95mn, while placements from financial
institutions stood at BHD159.90mn as of June 30, 2018. EPS

5. Page 5 of 6
came in at BHD1.29 in 2Q2018 as compared to BHD2.57 in
2Q2017. (Bahrain Bourse)
 ABC’s net profit rises to $60mn in 2Q2018 – Arab Banking
Corporation (ABC) recorded net profit of $60mn in 2Q2018 as
compared to $52mn in 2Q2017. Net interest income came in at
$139mn as compared to $136mn in 2Q2017. Total operating
income came in at $178mn as compared to $203mn in 2Q2017.
Total assets stood at $27.88bn as of June 30, 2018 as compared
to $29.50bn as of December 31, 2017. Loans and advances stood
at $15.05bn, while deposits from customers stood at $16.18bn
as of June 30, 2018. EPS came in flat YoY at $0.02 in 2Q2018.
(Bahrain Bourse)
 Bahrain’s non-oil sector to hit 4.3% growth in 2018 –
Acceleration in the pace of project implementation in Bahrain
during 1Q2018 is expected to drive the non-oil sector growth to
4.3% in 2018, with headline growth of 3.4%, the Economic
Development Board (EDB) stated in a report. The forecast for
strong growth across the year as a whole came in spite of a
weaker performance in 1Q2018, according to the Bahrain
Economic Quarterly. The forecast follows a strong performance
in 2017, in which the Bahraini economy was the fastest-
growing in the GCC with headline growth of 3.8% and 4.8% in
the non-oil sector, the EDB report added. (GulfBase.com)
 Bahrain sells 91-day bills of worth BHD70mn – Bahrain sold
bills of worth BHD70mn due November 14, 2018. Investors
offered to buy 1.01 times the amount of securities sold. The bills
were sold at a price of 98.993, having a yield of 4.02% and will
settle on August 15, 2018. (Bloomberg)

6. 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
QNB Financial Services Co. W.L.L.
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
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Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg (
#
Market closed on August 13, 2018) Source: Bloomberg (*$ adjusted returns)
50.0
75.0
100.0
125.0
Jul-14 Jul-15 Jul-16 Jul-17 Jul-18
QSE Index S&P Pan Arab S&P GCC
(2.4%)
(0.8%) (0.7%)
(0.2%)
(0.6%)
(0.9%)
(1.5%)
(3.0%)
(2.0%)
(1.0%)
0.0%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,193.51 (1.5) (1.5) (8.4) MSCI World Index 2,127.47 (0.6) (0.6) 1.1
Silver/Ounce 15.00 (2.1) (2.1) (11.5) DJ Industrial 25,187.70 (0.5) (0.5) 1.9
Crude Oil (Brent)/Barrel (FM Future) 72.61 (0.3) (0.3) 8.6 S&P 500 2,821.93 (0.4) (0.4) 5.5
Crude Oil (WTI)/Barrel (FM Future) 67.20 (0.6) (0.6) 11.2 NASDAQ 100 7,819.71 (0.2) (0.2) 13.3
Natural Gas (Henry Hub)/MMBtu 2.92 (1.4) (1.4) (17.5) STOXX 600 384.91 (0.3) (0.3) (6.3)
LPG Propane (Arab Gulf)/Ton 95.13 (1.0) (1.0) (3.9) DAX 12,358.74 (0.6) (0.6) (9.3)
LPG Butane (Arab Gulf)/Ton#
100.25 0.0 0.0 (7.6) FTSE 100 7,642.45 (0.3) (0.3) (6.3)
Euro 1.14 (0.0) (0.0) (5.0) CAC 40 5,412.32 (0.1) (0.1) (3.4)
Yen 110.70 (0.1) (0.1) (1.8) Nikkei 21,857.43 (2.0) (2.0) (2.4)
GBP 1.28 0.1 0.1 (5.5) MSCI EM 1,043.30 (1.8) (1.8) (9.9)
CHF 1.01 0.2 0.2 (1.9) SHANGHAI SE Composite 2,785.87 (0.9) (0.9) (20.6)
AUD 0.73 (0.4) (0.4) (6.9) HANG SENG 27,936.57 (1.5) (1.5) (7.1)
USD Index 96.39 0.0 0.0 4.6 BSE SENSEX 37,644.90 (2.1) (2.1) 0.6
RUB 67.82 0.2 0.2 17.7 Bovespa 77,496.45 (0.4) (0.4) (14.5)
BRL 0.26 (0.6) (0.6) (14.8) RTS 1,059.76 0.3 0.3 (8.2)
86.0
83.2
78.8