The QSE Index in Qatar rose 0.6% led by gains in the real estate and insurance indices. Qatar General Insurance and Doha Insurance Group were the top gainers rising 6.5% and 3.5% respectively, while Mannai Corporation fell 1.9%. Regional indices were mixed with Saudi Arabia and Abu Dhabi rising while Dubai and Kuwait declined.

1. Page 1 of 5
QSE Intra-Day Movement
Qatar Commentary
The QSE Index rose 0.6% to close at 9,858.3. Gains were led by the Real Estate and
Insurance indices, gaining 2.1% and 2.0%, respectively. Top gainers were Qatar
General Insurance & Reinsurance Company and Doha Insurance Group, rising 6.5%
and 3.5%, respectively. Among the top losers, Mannai Corporation fell 1.9%, while
Dlala Brokerage & Investment Holding Company was down 1.5%.
GCC Commentary
Saudi Arabia: The TASI Index rose 0.5% to close at 8,036.6. Gains were led by the
Energy and Consumer Durables. indices, rising 2.3% and 1.9%, respectively. Saudi
Steel Pipe Co. rose 10.0%, while Saudi Indian Co. for Cooperative Ins. was up 9.9%.
Dubai: The DFM General Index declined 0.4% to close at 2,818.2. The Real Estate &
Const. index fell 0.9%, while the Services index declined 0.5%. International
Financial Advisors fell 8.8%, while National General Insurance Co. was down 5.0%.
Abu Dhabi: The ADX General Index rose 0.4% to close at 4,956.8. The
Telecommunication index gained 1.2%, while the Industrial index rose 1.1%. Arkan
Building Materials gained 7.4%, while Abu Dhabi Nat. Co. for Building was up 4.2%.
Kuwait: The Kuwait Main market Index declined 0.2% to close at 4,874.4. The Basic
Materials and Telecommunications indices fell 1.4% each. Asiya Capital
Investments Company fell 6.3%, while Mena Real Estate Company was down 5.9%.
Oman: The MSM 30 Index rose 0.6% to close at 4,410.3. Gains were led by the
Financial and Industrial indices, rising 0.7% and 0.2%, respectively. Al Jazeera
Services and National Bank of Oman were up 2.7% each.
Bahrain: The BHB Index fell 0.1% to close at 1,346.9. The Investment index
declined 1.0%, while the Services index fell 0.3%. GFH Financial Group declined
4.0%, while Bahrain Islamic Bank was down 3.7%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Qatar General Ins. & Reins. Co. 49.00 6.5 0.3 0.0
Doha Insurance Group 13.46 3.5 15.0 (3.9)
Ezdan Holding Group 9.50 3.3 794.2 (21.4)
Qatar Cinema & Film Distribution 16.51 2.4 1.0 (34.0)
Qatar Gas Transport Company Ltd. 17.16 2.1 757.7 6.6
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Ezdan Holding Group 9.50 3.3 794.2 (21.4)
Qatar Gas Transport Company Ltd. 17.16 2.1 757.7 6.6
United Development Company 13.98 (0.1) 433.2 (2.8)
Vodafone Qatar 9.06 0.0 362.0 13.0
Mesaieed Petrochemical Holding 15.86 0.1 355.4 26.0
Market Indicators 28 Aug 18 27 Aug 18 %Chg.
Value Traded (QR mn) 189.0 231.0 (18.2)
Exch. Market Cap. (QR mn) 541,320.9 538,193.4 0.6
Volume (mn) 5.6 6.5 (13.3)
Number of Transactions 3,695 4,930 (25.1)
Companies Traded 44 44 0.0
Market Breadth 27:13 31:8 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 17,369.29 0.6 4.3 21.5 14.6
All Share Index 2,858.99 0.7 3.9 16.6 14.8
Banks 3,519.81 0.8 5.8 31.2 14.3
Industrials 3,164.44 (0.4) 2.6 20.8 15.7
Transportation 2,023.46 1.0 1.2 14.4 12.6
Real Estate 1,763.98 2.1 2.7 (7.9) 15.0
Insurance 3,109.06 2.0 1.6 (10.7) 29.1
Telecoms 1,028.31 0.8 4.2 (6.4) 40.3
Consumer 6,171.44 0.1 0.5 24.3 13.4
Al Rayan Islamic Index 3,842.04 0.6 3.0 12.3 16.6
GCC Top Gainers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
National Petrochem. Co. Saudi Arabia 28.55 3.8 152.6 54.1
Nat. Shipping Company. Saudi Arabia 30.70 3.4 1,610.1 (2.5)
Human Soft Holding Co. Kuwait 3.40 3.0 77.5 (9.1)
National Bank of Oman Oman 0.19 2.7 488.1 (0.3)
Al Tayyar Travel Group Saudi Arabia 24.40 2.5 1,089.7 (9.7)
GCC Top Losers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Burgan Bank Kuwait 0.26 (3.4) 1,604.8 (11.8)
GFH Financial Group Dubai 1.34 (2.9) 5,864.2 (10.7)
Emaar Properties Dubai 4.92 (2.4) 6,514.2 (24.7)
Emaar Economic City Saudi Arabia 9.67 (2.3) 3,650.9 (28.3)
Emirates NBD Dubai 9.30 (2.1) 1,184.4 13.4
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%
Mannai Corporation 50.01 (1.9) 0.5 (15.9)
Dlala Brokerage & Inv. Holding 14.65 (1.5) 8.5 (0.3)
The Commercial Bank 39.95 (1.2) 322.8 38.2
Gulf Warehousing Company 40.53 (1.1) 34.3 (7.9)
Qatar Electricity & Water Co. 192.00 (1.0) 61.2 7.9
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
QNB Group 175.00 0.6 40,923.7 38.9
Qatar Islamic Bank 136.40 1.2 13,435.6 40.6
Industries Qatar 124.00 (0.6) 12,947.3 27.8
The Commercial Bank 39.95 (1.2) 12,907.3 38.2
Qatar Gas Transport Co. Ltd. 17.16 2.1 12,894.4 6.6
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* 9,858.34 0.6 4.3 0.3 15.7 51.70 148,700.9 14.6 1.5 4.5
Dubai 2,818.19 (0.4) 0.1 (4.7) (16.4) 37.80 100,899.4 7.5 1.0 6.0
Abu Dhabi 4,956.76 0.4 1.5 2.0 12.7 23.02 133,977.0 13.0 1.5 4.8
Saudi Arabia 8,036.56 0.5 2.2 (3.1) 11.2 553.99 509,791.2 17.5 1.8 3.5
Kuwait 4,874.35 (0.2) (0.4) (1.2) 1.0 74.61 33,654.6 14.6 0.9 4.2
Oman 4,410.25 0.6 0.5 1.7 (13.5) 4.25 18,746.7 10.6 0.9 6.2
Bahrain 1,346.86 (0.1) (0.1) (0.8) 1.1 4.05 20,668.5 9.1 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)
9,750
9,800
9,850
9,900
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 rose 0.6% to close at 9,858.3. The Real Estate and
Insurance indices led the gains. The index rose on the back of buying
support from GCC and non-Qatari shareholders despite selling pressure
from Qatari shareholders.
 Qatar General Insurance & Reinsurance Company and Doha Insurance
Group were the top gainers, rising 6.5% and 3.5%, respectively. Among
the top losers, Mannai Corporation fell 1.9%, while Dlala Brokerage &
Investment Holding Company was down 1.5%.
 Volume of shares traded on Tuesday fell by 13.3% to 5.6mn from 6.5mn
on Monday. Further, as compared to the 30-day moving average of
6.4mn, volume for the day was 11.9% lower. Ezdan Holding Group and
Qatar Gas Transport Company Limited were the most active stocks,
contributing 14.1% and 13.4% 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
08/28 EU European Central Bank M3 Money Supply YoY July 4.0% 4.3% 4.5%
08/28 France INSEE Consumer Confidence August 97 97 97
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
News
Qatar
 Barwa Bank, International Bank of Qatar merger to form
QR80bn Shari’ah entity – Barwa Bank and International Bank
of Qatar have reached a final merger agreement, creating a
Shari’ah-compliant financial institution with total assets of
QR80bn. In a statement, the two Qatari banks said their merger
would create a “leading Shari’ah-compliant financial institution
with a solid financial position and robust liquidity” to support
Qatar’s economic growth and finance development initiatives
in line with Qatar National Vision 2030. The merger will create
a combined entity with total assets of QR80bn and a
shareholder equity base of more than QR12bn. According to this
merger agreement, the “two banks will work to complete the
necessary steps to consummate the merger, obtain the required
approvals from the regulatory authorities and obtain
shareholders’ approvals before the end of 2018.” (Gulf-
Times.com)
 Credit Suisse to buy back $6bn in Qatar, Saudi Arabia debt –
Credit Suisse Group plans to buy back about $6bn of debt issued
after the financial crisis to the Qatar Investment Authority
(QIA) and Saudi Arabia’s Olayan family to cut funding costs.
The bank will redeem the contingent convertible bonds – which
automatically become equity when reserves fall below pre-set
levels – on October 23, the first opportunity to do so, according
to the bank. The QIA holds about $4.2bn of the debt and Olayan
the remainder, with the two top shareholders entitled to
interest of as much as 9.5% on the securities. (Gulf-Times.com)
 Qatar secures second place in MENA in International Property
Rights Index – Qatar has bagged the second place in the MENA
(Middle East and North Africa) region and 25th in the world in
terms of property rights with an International Property Rights
Index (IPRI) score of 7.178. The country’s ranking has been
included in the International Property Rights Index 2018 of the
Property Rights Alliance. (Gulf-Times.com)
 Ashghal completes key projects to facilitate new academic year
– The Public Works Authority (Ashghal) has stressed that it has
accomplished some key projects in preparation for the new
academic year (2018/2019). “In light of the government’s
directives and Qatar National Vision 2030, Ashghal is keen on
delivering integrated infrastructure and public buildings that
serve all sectors in Qatar, including education,” the authority
stated. Ashghal noted that it had accelerated work on projects
that served a number of schools and provided safe passage to
students. It partially opened Al Ma’adid Street in the Al
Maamoura area and Al Qattara Street in Al Wakrah.
Construction is underway to open Shura Intersection and Fereej
Kulaib next week, according to Ashghal. (Gulf-Times.com)
 Envoy: Qatar, South Africa trade rises by 70% post-blockade –
The trade volume between Qatar and South Africa has
increased by 70% during the post-blockade period as a result of
emerging market opportunities and strong bilateral relations,
said Ambassador of South Africa to Qatar, Faizel Moosa. “A
large portion of bilateral trade volume is due to increased import
of food products from South Africa to Qatar. I do believe that
Qatar sees Africa as an important trading partner and South
Africa in particular. We do see an increase in the trade volume
between the countries,” Faizel Moosa said. (Peninsula Qatar)
 Ooredoo’s 5G network enables Qatar as global IoT leader –
Ooredoo has announced that Qatar is leading global 5G and
Internet of Things (IoT) innovation, delivering new levels of
business success and transforming citizen and customer
experiences. The IoT era is seeing computers integrated into
billions of everyday objects, which collect data and
communicate real-time insights over ultra-high-speed 5G
networks. Qatar is taking an early 5G lead, with Ooredoo being
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 15.84% 30.18% (27,102,125.27)
Qatari Institutions 13.89% 17.18% (6,210,420.28)
Qatari 29.73% 47.36% (33,312,545.55)
GCC Individuals 0.76% 0.53% 439,369.83
GCC Institutions 2.54% 0.89% 3,107,713.99
GCC 3.30% 1.42% 3,547,083.82
Non-Qatari Individuals 7.25% 11.54% (8,106,915.73)
Non-Qatari Institutions 59.72% 39.68% 37,872,377.46
Non-Qatari 66.97% 51.22% 29,765,461.73

3. Page 3 of 5
the world’s first communications company to launch
commercially-ready 5G, and is preparing 1,200 network stations
to become 5G-ready. (Gulf-Times.com)
International
 US consumer confidence races to near 18-year high – US
consumer confidence rose to near an 18-year high in August, as
households remained upbeat on the labor market, pointing to
strong consumer spending that should help to sustain the
economy for the remainder of the year. The bright economic
outlook, however, was dimmed somewhat by other data
showing the goods trade deficit widened sharply in July as
exports of agricultural products tumbled, indicating trade could
be a drag on growth in the third quarter. The jump in confidence
this month suggests consumers are little worried about the
Trump administration’s protectionist trade policy, which has
led to an escalation of a trade war between the US and China as
well as tit-for-tat tariffs with the European Union, Canada and
Mexico. (Reuters)
 BRC: UK shop prices rise for the first time in over five years –
British shop prices rose for the first time in more than five years
in August, but by less than broader measures of inflation, as
retailers continued to battle for consumers. Shop prices edged
up by 0.1% in YoY terms, ending a run of 63 months of falling
prices, the British Retail Consortium (BRC) stated, citing the
impact of a hot, dry summer on food prices and higher
international oil costs. Britain’s widely followed consumer price
index stood at 2.5% in July. But competition among
supermarkets and pressure from online retailers has generally
pushed down prices in shops. While retailers were trying to
keep a lid on increases, inflationary pressures would grow if
Britain fails to secure a deal to smooth its exit from the
European Union in seven months’ time, BRC’s Chief Executive,
Helen Dickinson said. (Reuters)
 German coalition partners agree tax cuts, pension reform –
German Chancellor Angela Merkel’s conservatives and their
Social Democrat (SPD) junior coalition partners agreed to
reduce paycheck contributions toward the country’s
unemployment insurance system, sharing a slice of bountiful
revenues with taxpayers. Sources at the meeting at the
chancellery in Berlin told Reuters that the ruling parties had
agreed to cut the contribution rate by 0.5 percentage point to
2.5% starting in 2019. Under current rules, salaried employees
contribute 3% of their pre-tax income toward the
unemployment insurance system. The German economy is
enjoying a growth cycle supported by low interest rates,
increased state spending and a robust labor market that
sustains private consumption. The government has run a
budget surplus since 2014 and Merkel’s Christian Democrats,
their Christian Social Union Bavarian allies and the center-left
SPD have promised to ease the tax burden on the Germans. The
coalition partners in June approved tax relief for families to the
tune of 10bn Euros a year. The cabinet will next month be asked
to approve the reduction in contributions to the unemployment
benefits system. (Reuters)
 Xinhua News Agency: China’s Finance Minister says will
control local government debt risks – China will strengthen its
management of local government debt and control debt risks,
the Finance Minister said, according to Xinhua News Agency.
China will curb the rise in hidden debt and appropriately resolve
outstanding hidden debt, Xinhua quoted the minister as saying.
China also plans to improve the management of local
construction projects by limiting projects that will have
difficulty in repaying loans, the minister said. The country will
continue to push forward outstanding government debt swaps
to ease repayment pressure on local government, the minister
said, according to Xinhua. (Reuters)
 Premier Li: China to adopt stricter intellectual property rights –
Chinese Premier Li Keqiang said China will adopt a more strict
intellectual property rights protection system and will seriously
punish breaches of such rights, according to a statement on the
Chinese government website. In a meeting with World
Intellectual Property Organization Director General, Francis
Gurry in Beijing, Li also reiterated that China treats domestic
and foreign companies equally and does not allow forced
technology transfers. (Reuters)
Regional
 Sukuk remains a key vehicle for infrastructure financing in
Asia – Sukuk remains an important and continuously growing
segment in Islamic finance in Asia, where they are
preferentially used to fund large public or private infrastructure
(or combined public-private) projects. Recent estimates by the
Asian Development Bank (ADB), as of 2017, have put the
infrastructure financing needs of developing Asian economies
at $22.6tn from now up to 2030, which equates to $1.7tn per
year. The importance of such financing becomes clear given the
problem that in many less developed countries in Asia the lack
of proper infrastructure is one of the major obstacles to
development and economic growth. The use of cross-border
financing and investment through Islamic finance can help to
widen the investor base and lower the cost of financing for the
development of infrastructure in Asia, the ADB stated. (Gulf-
Times.com)
 ITFC, Federated Investors to launch $300mn trade finance fund
– Saudi Arabia-based International Islamic Trade Finance Corp
(ITFC) stated it would launch $300mn fund alongside US fund
manager Federated Investors, aiming to tap trade finance
opportunities in Muslim-majority countries, according to
Reuters. The Shari’ah-compliant fund is expected to launch
later this year and would invest in energy related structured
trade, supply chain financing and project finance assets of
sovereign entities, the ITFC stated. The fund will be managed
by ITFC with input from Federated Investors, one of the largest
investment firms in the US with $379.7bn in assets under
management. (Gulf-Times.com)
 ACWA IPO to be derailed by Lira plunge – Saudi Arabian energy
producer ACWA Power International (ACWA) is planning to
delay its initial public offering (IPO) after its Turkish subsidiary
was pummeled by the Lira’s plunge, according to sources.
Repayments on US Dollar debt linked to $1bn Turkish power
plant are likely to pose a severe challenge for ACWA after the
Lira’s slide eroded revenue from the electricity generated at
that facility. (Gulf-Times.com)
 UAE banks’ deposits rise as credit remains flat – The UAE
banking sector deposits rose by 0.6% MoM in July, while the
credit growth remained flat according to the banking sector
indicator, a monthly statistical bulletin from the Central Bank

4. Page 4 of 5
of the UAE. An analysis of the data by the economics team at
the Abu Dhabi Commercial Bank showed this is the third
consecutive monthly increase in deposits and resulted in the
annual growth rate increasing 6.5% YoY from 6% in June and
the YTD deposit expansion to 4.2%. “The MoM rise (in deposits)
was driven by both the non-resident segment (up AED6bn in
July) and the resident segment (up AED4.6bn). Non-resident
deposits were up 2.3% YTD in July 2018 despite domestic
liquidity improving across the system this year, supported in
large part by higher government deposits (up 28.5% YoY),”
Monica Malik, Chief Economist of Abu Dhabi Commercial Bank
said. Non-resident deposits accounted for 11.6% of the total in
July, moderately lower than its 11.8% share in December 2017;
this was due to the stronger growth in domestic deposit driven
by the private sector. (GulfBase.com)
 UAE, India non-oil trade reaches $15.6bn in 1H2018 – Non-oil
trade exchange between the UAE and India totaled $15.6bn in
2Q2018, according to statements issued by the Department of
Commerce at the Indian Ministry of Commerce and Industry.
This included $8.6bn in exports to the UAE, accounting for
10.5% of India’s total exports for the period in question totaling
$81.7bn. It also included $7bn in imports from the UAE,
accounting for 5.4% of India’s total imports of $127.4bn.
(GulfBase.com)
 Abu Dhabi building material prices soars in July – The prices of
building materials across Abu Dhabi, the UAE, hit a new high in
July compared to the same period last year mainly led by diesel
and electrical wires, which posted the largest jump in materials
of construction sector, according to the state news agnecy
Wam, citing data by Statistics Centre - Abu Dhabi (SCAD). The
report presents an analysis of movements in the prices of the 21
main groups of building materials and is of special significance
for planning, decision support and policy making in the
construction activity and related sectors. As SCAD’s report
finds, the average prices of construction labor advanced by
1.8%, concrete by 1.6% and the ‘aggregates and sand’ group by
0.3% last month compared to June. However, price falls were
recorded over the same period of comparison for power cables
by 4.8%, diesel by 1.8% and the ‘tiles and marble’ group by
1.7%. (GulfBase.com)
 Abu Dhabi hotels record 81% occupancy during Eid-Al-Adha –
Abu Dhabi hotels recorded 81% occupancy rate during Eid-Al-
Adha celebrations this year, an increase of 6% compared to the
average occupancy figure of 75% during Eid in 2017. In a
statement, the Department of Culture and Tourism, Abu Dhabi
stated the highest occupancy rate was recorded on the second
day of Eid with Emiratis, Saudis, Indians, British and Americans
making up 55% of total visitors. (GulfBase.com)
 Kuwait’s inflation eases further in 2Q2018 – Inflation continued
to ease in the second quarter, registering 0.5% YoY in June, a
slight drop from the 0.6% recorded in March. Inflation has been
trending lower since late 2016, when it reached a peak of 3.8%.
The main drivers are the ongoing weakness in the housing
sector in addition to low food and beverage inflation; excluding
these factors, inflation stood at 1.7% in June, though still lower
than in March. Modest economic growth, delays in project
execution and soft corporate credit growth are other
contributing factors, along with base effects after some solid
rises in mid-2017. Inflation is likely to rise later this year, but is
forecast to average just 1% for 2018 as a whole. Inflation in
housing services remained negative at -0.9% in June, though
moderated compared to May (-1.4% YoY). Lingering oversupply
and weakening demand has maintained downward pressure on
rents, in addition to easing inflation in utilities and
maintenance prices as the effects of utility subsidy cuts from
2017 fade. Food and beverage inflation saw a modest rebound
through the second quarter, but remained very low, at 0.1%
YoY in June from -1.0% in March. (GulfBase.com)
 High-level national team to drive 5G in Oman – A national team
has been constituted to pave the way for the roll-out of fifth-
generation (5G) international mobile telecommunications in the
Sultanate, according to the Telecommunications Regulatory
Authority of Oman’s Chairman, Mohammed Bin Hamad Al
Rumhy. The high-level team includes representatives from all
of the key stakeholder agencies, as well as mobile operators,
who will play a role in driving the introduction of this cutting-
edge wireless technology, seen as indispensable to achieving
Oman’s long-term economic growth ambitions. (GulfBase.com)
 Bank Sohar closes $250mn syndicated loan facility – Bank
Sohar closed a $250mn three-year syndicated loan facility in a
move to extend financing solutions for Oman’s consumer and
business segments. The facility was raised part of the bank’s
comprehensive asset growth strategy that has proven
successful throughout 2018, with the bank’s results for 1H2018
demonstrating notable growth compared to the previous year,
it stated. The facility was initially underwritten and pre-funded
in by Bank ABC and Emirates NBD Capital Limited before being
joined by a general syndication that closed with 11 banks
participating from around the world. (GulfBase.com)
 Bahrain sells BHD100mn of bills – Bahrain sold BHD100mn of
bills due August 29, 2019. Investors offered to buy 1.13 times
the amount of securities sold. The bills, which were sold at a
price of 95.42, have a yield of 4.75% and will settle on August
30. (Bloomberg)

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
QNB Financial Services Co. W.L.L.
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services Co. W.L.L. (“QNBFS”) a wholly-owned subsidiary of 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
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Page 5 of 5
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg (
#
Market closed on August 28, 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
0.5%
0.6%
(0.2%)
(0.1%)
0.6%
0.4%
(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 1,200.95 (0.9) (0.4) (7.8) MSCI World Index 2,182.51 0.1 1.0 3.8
Silver/Ounce 14.71 (1.3) (0.7) (13.2) DJ Industrial 26,064.02 0.1 1.1 5.4
Crude Oil (Brent)/Barrel (FM Future) 75.95 (0.3) 0.2 13.6 S&P 500 2,897.52 0.0 0.8 8.4
Crude Oil (WTI)/Barrel (FM Future) 68.53 (0.5) (0.3) 13.4 NASDAQ 100 8,030.04 0.2 1.1 16.3
Natural Gas (Henry Hub)/MMBtu#
2.98 0.0 (0.3) (3.6) STOXX 600 385.46 0.2 1.3 (3.5)
LPG Propane (Arab Gulf)/Ton 101.25 0.1 0.5 2.3 DAX 12,527.42 0.2 1.9 (5.5)
LPG Butane (Arab Gulf)/Ton 106.50 0.2 0.6 (1.8) FTSE 100 7,617.22 0.8 0.8 (5.6)
Euro 1.17 0.1 0.6 (2.6) CAC 40 5,484.99 0.4 1.8 0.6
Yen 111.19 0.1 (0.0) (1.3) Nikkei 22,813.47 0.0 1.1 1.6
GBP 1.29 (0.1) 0.2 (4.7) MSCI EM 1,070.62 0.1 1.9 (7.6)
CHF 1.02 0.4 0.7 (0.2) SHANGHAI SE Composite 2,777.98 0.1 2.0 (19.8)
AUD 0.73 (0.2) 0.1 (6.0) HANG SENG 28,351.62 0.3 2.5 (5.7)
USD Index 94.72 (0.1) (0.4) 2.8 BSE SENSEX 38,896.63 0.3 1.3 4.0
RUB 67.88 0.5 1.2 17.8 Bovespa 77,473.18 (1.7) 1.3 (18.7)
BRL 0.24 (1.4) (0.8) (20.0) RTS 1,078.28 (0.5) 1.3 (6.6)
87.4
84.5
81.2