The QSE Index in Qatar declined 0.8% due to losses in the insurance and banking indices. Qatar Islamic Insurance and Qatar Industrial Manufacturing Co. were the top losers. Mazaya Qatar Real Estate Development and Qatar First Bank were among the top gainers. Overall trading volume on the QSE fell 45.3% compared to the previous day. Globally, initial US jobless claims were slightly lower than expected while Chinese CPI and PPI came in as estimated. Several companies in Qatar announced plans to issue new bonds or list on the stock exchange.

1. Page 1 of 5
QSE Intra-Day Movement
Qatar Commentary
The QSE Index declined 0.8% to close at 9,837.0. Losses were led by Insurance and Banks
& Financial Services indices, falling 1.0% each. Top losers were Qatar Islamic Insurance
and Qatar Industrial Manufacturing Co., falling 3.0% and 1.9%, respectively. Among the
top gainers, Mazaya Qatar Real Estate Development rose 2.3%, while Qatar First Bank
was up 2.2%.
GCC Commentary
Saudi Arabia: The TASI Index rose marginally to close at 6,606.9. Gains were led by the
Retail and Insurance indices, rising 0.9% and 0.8%, respectively. Solidarity Saudi
Takaful Co. rose 5.4%, while Al Rajhi Co. for Cooperative Insurance was up 5.1%.
Dubai: The DFM Index gained 0.5% to close at 3,371.0. The Consumer Staples index
rose 2.0%, while the Transportation index gained 1.6%. Al Mazaya Holding Company
rose 12.6%, while Ekttitab Holding Company was up 5.5%.
Abu Dhabi: The ADX benchmark index fell 0.6% to close at 4,381.1. The Banks index
declined 1.1%, while the Consumer Staples index fell 1.0%. First Gulf Bank declined
2.4%, while National Bank of Abu Dhabi was down 2.0%.
Kuwait: The KSE Index rose 0.1% to close at 5,410.6. The Technology index gained
2.0%, while the Telecommunication index rose 1.1%. Dar Al Thraya Real Esate Co.
gained 14.5%, while Shuaiba Industrial Co. was up 10.0%.
Oman: The MSM Index fell marginally to close at 5,886.1. The Services index declined
0.1%, while the other indices ended in green. Sohar Power fell 4.4%, while Bank Dhofar
was down 2.4%.
Bahrain: The BHB Index gained 0.3% to close at 1,119.6. The Commercial Bank index
rose 1.0%, while the other indices ended flat or in red. BBK rose 1.9%, while Al-Ahli
United Bank was up 1.6%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Mazaya Qatar Real Estate Dev. 13.60 2.3 442.1 0.6
Qatar First Bank 11.95 2.2 534.9 (20.3)
Salam International Investment Co. 11.29 1.9 488.6 (4.5)
National Leasing 17.10 1.7 63.4 21.3
Widam Food Co. 61.30 1.0 69.7 16.1
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Vodafone Qatar 10.65 (0.9) 625.0 (16.1)
Qatar First Bank 11.95 2.2 534.9 (20.3)
Salam International Investment Co. 11.29 1.9 488.6 (4.5)
Qatar Islamic Bank 95.60 (0.7) 457.2 (10.4)
Mazaya Qatar Real Estate Dev. 13.60 2.3 442.1 0.6
Market Indicators 09 June 16 08 June 16 %Chg.
Value Traded (QR mn) 171.6 300.1 (42.8)
Exch. Market Cap. (QR mn) 531,838.1 535,718.5 (0.7)
Volume (mn) 4.9 8.9 (45.3)
Number of Transactions 2,270 3,579 (36.6)
Companies Traded 40 41 (2.4)
Market Breadth 8:29 22:12 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 15,915.55 (0.8) 3.2 (1.8) 13.5
All Share Index 2,744.40 (0.7) 2.7 (1.2) 13.1
Banks 2,661.31 (1.0) 2.9 (5.2) 11.3
Industrials 3,049.68 (0.5) 2.2 (4.3) 14.0
Transportation 2,462.60 (0.6) 0.8 1.3 11.4
Real Estate 2,463.93 (0.8) 5.3 5.6 22.6
Insurance 4,035.87 (1.0) (1.2) 0.1 10.5
Telecoms 1,086.56 (0.3) 4.4 10.1 17.2
Consumer 6,402.03 (0.1) 0.2 6.7 13.2
Al Rayan Islamic Index 3,824.89 (0.6) 2.8 (0.8) 16.7
GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD%
NBQ Abu Dhabi 3.05 14.7 10.0 (7.6)
National Mobile Telecom. Kuwait 1.16 5.5 0.1 5.5
Solidarity Saudi Takaful Co. Saudi Arabia 10.03 5.4 7,843.1 35.0
Commercial Real Estate Co. Kuwait 0.08 2.7 44.0 (3.8)
Jarir Marketing Co. Saudi Arabia 121.11 2.7 557.8 (24.3)
GCC Top Losers## Exchange Close# 1D% Vol. ‘000 YTD%
Emaar Economic City Saudi Arabia 14.96 (5.6) 13,232.7 15.6
Knowledge Economic City Saudi Arabia 14.25 (4.2) 3,993.8 (8.1)
Saudi Airlines Catering Co. Saudi Arabia 95.99 (2.5) 197.7 (22.0)
First Gulf Bank Abu Dhabi 11.95 (2.4) 818.3 (5.5)
Bank Dhofar Oman 0.24 (2.4) 209.2 23.4
Source: Bloomberg (# in Local Currency) (## GCC Top gainers/losers derived from the Bloomberg GCC 200
Index comprising of the top 200 regional equities based on market capitalization and liquidity)
QSE Top Losers Close* 1D% Vol. ‘000 YTD%
Qatar Islamic Insurance 58.20 (3.0) 2.0 (19.2)
Qatar Industrial Manufacturing Co. 41.00 (1.9) 9.5 2.9
Islamic Holding Group 61.90 (1.7) 43.7 (21.3)
Commercial Bank 36.40 (1.6) 199.3 (20.7)
Masraf Al Rayan 33.80 (1.5) 196.9 (10.1)
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Qatar Islamic Bank 95.60 (0.7) 43,865.6 (10.4)
Qatar Insurance Co. 72.70 (1.2) 9,908.3 4.6
Doha Bank 35.10 (0.3) 9,841.3 (21.1)
QNB Group 140.00 (1.1) 9,121.3 (4.0)
Industries Qatar 99.50 (0.4) 8,388.8 (10.4)
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* 9,836.96 (0.8) 3.2 3.1 (5.7) 47.15 146,095.9 13.5 1.5 4.2
Dubai 3,371.00 0.5 3.3 1.7 7.0 157.54 90,893.9 11.3 1.2 4.2
Abu Dhabi 4,381.13 (0.6) 3.0 3.1 1.7 36.71 115,948.9 11.6 1.5 5.6
Saudi Arabia 6,606.92 0.0 1.8 2.5 (4.4) 1,371.29 405,222.0 15.3 1.5 3.7
Kuwait 5,410.60 0.1 0.6 0.2 (3.6) 22.51 81,454.7 18.0 1.0 4.5
Oman 5,886.06 (0.0) 1.1 1.3 8.9 11.66 23,292.9 11.2 1.3 4.3
Bahrain 1,119.64 0.3 0.3 0.7 (7.9) 0.86 17,679.8 9.3 0.4 4.9
Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Exchange, Dubai Financial Market and Zawya (** TTM; * Value traded ($ mn) do not include special trades, if any)
9,800
9,850
9,900
9,950
10,000
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00

2. Page 2 of 5
Qatar Market Commentary
 The QSE Index declined 0.8% to close at 9,837.0. The Insurance and Banks
& Financial Services indices led the losses. The index fell on the back of
selling pressure from non-Qatari shareholders despite buying support from
Qatari and GCC shareholders.
 Qatar Islamic Insurance and Qatar Industrial Manufacturing Co. were the
top losers, falling 3.0% and 1.9%, respectively. Among the top gainers,
Mazaya Qatar Real Estate Development rose 2.3%, while Qatar First Bank
was up 2.2%.
 Volume of shares traded on Thursday fell by 45.3% to 4.9mn from 8.9mn on
Wednesday. Further, as compared to the 30-day moving average of 6.8mn,
volume for the day was 27.8% lower. Vodafone Qatar and Qatar First Bank
were the most active stocks, contributing 12.8% and 10.9% to the total
volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Global Economic Data
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
06/09 US Department of Labor Initial Jobless Claims 4-June 264k 270k 268k
06/09 US Department of Labor Continuing Claims 28-May 2,095k 2,171k 2,172k
06/10 Germany Destatis CPI MoM May F 0.30% 0.30% 0.30%
06/10 Germany Destatis CPI YoY May F 0.10% 0.10% 0.10%
06/09 France INSEE Non-Farm Payrolls QoQ 1Q2016 F 0.30% 0.20% 0.20%
06/10 France INSEE Industrial Production MoM April 1.20% 0.40% -0.40%
06/10 France INSEE Industrial Production YoY April 1.90% 1.00% -0.80%
06/10 France INSEE Manufacturing Production MoM April 1.30% 0.80% -1.00%
06/10 France INSEE Manufacturing Production YoY April 1.60% 0.90% -1.10%
06/09 China NBS CPI YoY May 2.00% 2.20% 2.30%
06/09 China NBS PPI YoY May -2.80% -3.20% -3.40%
06/10 Japan Bank of Japan PPI MoM May 0.20% 0.10% -0.40%
06/10 Japan Bank of Japan PPI YoY May -4.20% -4.20% -4.20%
Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted)
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 25.77% 23.56% 3,795,198.04
Qatari Institutions 43.26% 44.11% (1,449,161.03)
Qatari 69.03% 67.67% 2,346,037.01
GCC Individuals 0.49% 2.31% (3,129,358.43)
GCC Institutions 3.81% 1.14% 4,578,653.20
GCC 4.30% 3.45% 1,449,294.77
Non-Qatari Individuals 10.70% 10.14% 967,188.55
Non-Qatari Institutions 15.96% 18.74% (4,762,520.33)
Non-Qatari 26.66% 28.88% (3,795,331.78)

3. Page 3 of 5
News
Qatar
 Qatari bottled water firm Rayyan to list on QSE by 2016-end –
Qatar’s largest local supplier of bottled water, Rayyan Water, plans
a stock market flotation by 2016-end, helping to diversify a bourse
dominated by banks, real estate, and insurance firms. It would be
only the third new listing in Qatar since 2010, following the initial
public offering of Mesaieed Petrochemicals in 2014 and the listing
of Qatar First Bank last month. Rayyan would aim to list half of its
shares on the Qatar Stock Exchange (QSE) in the initial public
offering. (Gulf-Times.com)
 ORDS announces plans to issue new bonds – Ooredoo International
Finance Limited, a wholly owned subsidiary of Ooredoo (ORDS),
has mandated Australia and New Zealand Banking Group Limited,
Citigroup Global Markets Limited, DBS Bank Ltd., HSBC Bank plc,
Merrill Lynch International, Mitsubishi UFJ Securities International
plc, Mizuho Securities USA Inc., and QNB Capital LLC to act as Joint
Lead Managers and Bookrunners for a proposed USD-
denominated Rule 144A/Reg S notes offering under its
$5,000,000,000 Global Medium Term Notes Program. The notes
will be unconditionally and irrevocably guaranteed by ORDS and
an offering of the notes is expected to be launched, subject to
market conditions, following investor roadshows commencing
June 10, 2016 in the US, Asia, the Middle East and Europe. ORDS is
rated ‘A2’ by Moody’s, ‘A-’ by S&P and ‘A+’ by Fitch. (QSE)
 Ministry: ICT spending by Qatar’s businesses set to hit $2.8bn –
According to a recent report by the Ministry of Transport &
Communications, total ICT (information and communications
technology) spending by Qatar’s “commercial sector” is projected
to increase to nearly $2.8bn by 2019. According to “Qatar’s ICT
Landscape 2016: Business”, the total ICT spending by the country’s
commercial sector stood at $1.9bn in 2015. For more than a
decade now, Qatar’s investments in the state-of-the art ICT
infrastructure, skills development and e-government have created
a positive impact on all sectors in the state. In 2014, the total
revenue generated by the ICT providers in Qatar was estimated to
be close to QR9bn, reflecting a compound annual growth rate
(CAGR) of 15.4% for the period 2012– 2014. (Gulf-Times.com)
 Ministry: Use of social media by businesses still low – According to
a report by the Ministry of Transport & Communications, business
establishments in Qatar using social media networks to reach their
consumers is “still low” as compared to those using their own
website. The increase in the use of social media among consumers
has made it necessary for business establishments to engage with
consumers via such channels as well. A significant number of
business establishments in Qatar are quite active across various
social media platforms. The Ministry said in its report “Qatar’s ICT
Landscape 2016: Business” that although the percentage of
business establishments using social media networks to reach
their consumers is still low as compared to those using their own
website, the percentage has increased from 3% in 2010 to 12% in
2015. Among the social networks used by the business
establishments, Facebook (used by 87% of enterprises with a
social media presence) is the most-used channel followed by
LinkedIn (39%), and Twitter (20%). (Gulf-Times.com)
 Moody’s: Settlement of large realty exposure may help IBQ cut NPLs
to less than 1.5% – According to Moody’s, a global credit rating
agency, the successful settlement of a large real estate exposure is
expected to help International Bank of Qatar (IBQ) cut its non-
performing loans (NPLs) to less than 1.5% of gross loans by June
this year from 1.9% in December 2015, even as it may see some
modest pressure on profitability. It said that the settlement is also
expected to improve its loan loss reserves (LLRs) to around 70%
as compared to 40% in FY2015. Highlighting that IBQ maintains
strong asset quality metrics with an NPL ratio of 1.9% as of 2015-
end, the report said this low level of delinquencies reflects its
presence in Qatar’s growing economy and its exposure to Qatari
government and quasi-government entities (14.3% of loans as of
2015-end), which are of relatively high credit quality and have
historically demonstrated zero default rates. (Gulf-Times.com)
International
 US economic outlook brightens on upbeat job, inventory data – The
number of Americans filing for unemployment benefits
unexpectedly fell last week, pointing to sustained strength in the
labor market despite a sharp slowdown hiring in May. Other data
showed wholesale inventories recording their biggest increase in
10 months in April, prompting economists to raise their 2Q2016
economic growth estimates. The rise in inventories came even as
sales at wholesalers rose for a second straight month. The Labor
Department said initial claims for state unemployment benefits
declined 4,000 to a seasonally adjusted 264,000 for the week
ended June 4. The drop confounded economists' expectations for
an increase to 270,000. Claims have dropped by 30,000 since
surging to 294,000 in early May. They have now been below
300,000, a threshold associated with a strong job market, for 66
straight weeks, the longest streak since 1973.The four-week
moving average of claims, considered a better measure of labor
market trends as it irons out week-to-week volatility, fell 7,500 to
269,500 last week (Reuters)
 OECD: ECB may need to ease more if inflation stalls – The Paris-
based Organization for Economic Cooperation and Development
(OECD) said that the ECB should ease monetary policy further if
inflation does not begin rising as expected, and governments
should find ways to snuff out non-performing bank loans to help
economies reap the full benefits of ECB stimulus. As Britain gets
closer to a vote on June 23 on its EU membership, OECD estimated
that Brexit would knock 1% off of EU GDP in 2018. The OECD said
in-depth reports on the Eurozone and EU, any negative economic
shocks would provide grounds for further ECB easing to keep
inflation on track toward its target of just under 2%. Boosted by its
asset purchase program and ultra-low interest rates, the ECB
currently expects inflation to rebound to 1.2% in 2017 from only
0.2% in 2016. (Reuters)
 ONS: UK April construction output bounces back after weak first
quarter – According to the Office for National Statistics (ONS) data,
Britain's construction output bounced back more than expected in
April following surprisingly upbeat industrial data earlier this
week, suggesting the economy might have started the 2Q2016 on a
firmer footing. The ONS said construction output, which makes up
6% of the economy, rose 2.5% in April after a 3.6% dip in March.
The ONS said this was the biggest monthly increase since January
2014 and surpassed economists' expectations for a 1.7% increase.
Some of the rise may linked to seasonal adjustment effects around
the Easter holidays. (Reuters)
 Greek consumer prices fall 0.2% YoY in May; deflation slows – The
Statistics service data showed, Greece's annual EU-harmonized
inflation rate stayed negative in May for the third month in a row
after a positive reading in February. The reading in May was -
0.2%, easing from -0.4% in April. Consumer prices were led lower
by housing costs, durable goods and transport costs. The data also
showed the headline consumer price index fell 0.9% YoY, with the
annual pace of deflation easing from -1.3% in April. For years an
inflation outlier in the Eurozone, Greece has been in deflation
mode since March 2013 based on its headline index, as wage and
pension cuts and a protracted recession took a heavy toll on Greek
household income. Deflation in Greece, which signed up to its first
international bailout in 2010, hit its highest level in November

4. Page 4 of 5
2013, when consumer prices registered a 2.9% YoY decline.
(Reuters)
 BOJ Nakaso: Negative rates having positive effect on economy –
Bank of Japan (BOJ) Deputy Governor Hiroshi Nakaso said that
negative interest rates were already having a positive impact on
the economy, and that the impact would spread over time. The BOJ
stunned markets in January by adding negative interest rates to its
massive asset-buying program in a fresh attempt to accelerate
inflation to its 2% target. It has kept monetary policy steady since
then. (Reuters)
 Russian central bank cuts rates says economic recovery 'imminent'
– Russia's central bank cut its main lending rate for the first time in
almost a year, signaling confidence that inflation risks are
declining and describing an economic recovery as "imminent". The
rate cut comes as Russia's economy, plagued in the past few years
by plunging oil prices and Western sanctions over the Ukraine
crisis, is showing signs that the worst is behind it. The bank cut the
rate by a half-point to 10.5%, the first reduction since July 2015, a
move predicted by a majority of analysts although some had
expected no change. After declining by 3.7% in 2015, the economy
now looks set to begin growing again, helped by an unexpectedly
strong rebound in global oil prices and a plunge in inflation that is
helping to support living standards. (Reuters)
Regional
 IMF: Gulf States must cut deficits to keep currency pegs – The
International Monetary Fund (IMF) has said that the Gulf oil
exporters must cut spending and narrow their budget shortfalls to
keep their currencies pegged to the dollar. The lender said in a
report titled “Learning to Live with Cheaper Oil” that while
substantial foreign assets have allowed the six members of the Gulf
Cooperation Council (GCC) to fix the value of their currencies to
the greenback, keeping the status quo comes at a price as low
crude prices strain public finances. (Bloomberg)
 Saudi Digital Acceleration Plan needed to ensure sustainability –
Booz Allen Hamilton, MENA, Executive Vice President Dr Raymond
Khoury has said that a stronger and more effective digital economy
will be a cornerstone of the MENA economic growth and
development for the future. He noted that in a region, where
around 60% of the population is under the age of 25 and
increasingly tech savvy, “you already have an enormous number of
people, who have a powerful online and digital mindset”. He added
the digital world is where many of them learn and educate
themselves, entertain themselves, socialize and get the drive to
develop successful businesses – actively grasping the enormous
potential of a digital life. (GulfBase.com)
 Landmark Saudi bond takes step forward – Bankers are expecting
to be notified soon about the line up to lead Saudi Arabia's debut
international bond transaction after pitches took place in Riyadh.
The Kingdom is likely to hire from the list of banks that
underwrote a $10bn loan in May, which was coordinated by JP
Morgan, HSBC and Bank of Tokyo-Mitsubishi, though a number of
others were also involved. The hiring process took a step forward
after several banks vying for the mandate met Saudi officials. Even
so an imminent deal is unlikely as documents have yet to be
readied. (Reuters)
 KSA plans to speed up visa process for investors – Saudi Arabia
plans to loosen the country’s strict visa requirements in an effort
to attract foreign capital as the Kingdom seeks to diversify its
economy away from oil. The Commerce and Investment Minister
Majid Al Qasabi said on June 9, where ministers presented a multi-
year plan to overhaul the economy, that there is no doubt that the
existence of a swift mechanism to get a visa is necessary.
(Bloomberg)
 Almarai sees SR 14.5bn capex under 2017-21 business plan – The
Board of Almarai has approved a new version of the company's
five-year business plan which will cover the period 2017-2021
Under the plan, Almarai is targeting the deployment of capital
investment worth SR14.5bn during the period, which will be spent
on areas including replacing existing assets, improvements in
production capabilities and expanding into other geographies.
Funding for the investment plan will come from operating cash
flow, as well as financing from banks, the Saudi Industrial
Development Fund, the Agricultural Development Fund, and Sukuk
issues. The firm is also forecasting a compound annual growth rate
for sales of approximately 10 percentage points. (Reuters)
 Dubai’s Arqaam advises investors to avoid KSA banks – Dubai-
based Arqaam Capital has said that Saudi Arabia’s slowing
economy, tight liquidity and rising interbank rates mean investors
should avoid the country’s banks. The investment bank said in a
note on June 9 that tight liquidity conditions are likely to persist in
the medium term. It added that rising interbank rates have a
relatively insignificant impact on bank margins and profitability.
Arqaam also said it does not expect the Saudi Arabian Monetary
Agency to fine any banks as a result of its request that lenders stop
lowballing interbank rate submissions. (Bloomberg)
 KSA to issue land tax regulations in two weeks – The Housing
Minister has said that Saudi Arabia, which imposed a controversial
tax on empty land plots littering its cities, will issue regulations
detailing the law’s planned implementation within the next two
weeks. (Bloomberg)
 UAE–Germany trade stands at $18bn – The Director and Deputy
CEO of the German Emirati Joint Council for Industry and
Commerce, Dr Dalia Abu Samra-Rohte, has said that the trade
volume between the UAE and Germany stood at $18bn during
2016. The Director of Foreign Trade and Export Support at the
Abu Dhabi Department of Economic Development, Adeeb Al Afifi,
said European countries accounted for 40.7% of all foreign direct
investment in the Emirate of Abu Dhabi in 2014. (GulfBase.com)
 Emirates plans cheaper class to lure top clients – Emirates, the
world’s biggest international airline, may offer premium-economy
seats in a reversal of its resistance to a class combining a touch of
luxury with reasonable fares, as declining oil revenues prompt
Middle Eastern customers to tighten travel budgets. Emirates
President Tim Clark said that introducing a cabin pitched between
coach and business would improve fare flexibility as falling crude
prices prompt a “paradigm change” in travel habits among
wealthier passengers and companies exposed to the Persian Gulf
that took hold elsewhere after the recession. (Bloomberg)
 Oman raises $2.5bn from first foreign bond in two decades – Oman,
the largest Arab oil producer that’s not an OPEC member, raised
$2.5bn from its first international bond sale in almost two decades
as it seeks to plug a budget deficit caused by crude’s decline.
According to sources, the Gulf nation sold $1bn of five-year notes
at a yield of 245bp over the benchmark midswap rate and $1.5bn
of 10-year bonds at a spread of 320bp. Pricing was tightened from
the initial guidance of mid- to high-200 basis points for the five-
year notes and mid-300 basis points for the 10-year bonds, said
the person, asking not to be identified because the information is
private. (Bloomberg)
 S&P: Kingdom of Bahrain 'BB/B' ratings affirmed – Global rating
agency S&P affirmed Kingdom of Bahrain 'BB/B' ratings with a
stable outlook. The stable outlook reflects expectation that
Bahrain's modest economic growth will offset ongoing fiscal and
external pressures over coming 12 months. S&P also affirmed
'BB/B' long- and short-term foreign and local currency issuer
credit ratings on central bank of Bahrain. (Reuters)

5. Contacts
Saugata Sarkar Shahan Keushgerian Zaid al-Nafoosi, CMT, CFTe
Head of Research Senior Research Analyst Senior Research Analyst
Tel: (+974) 4476 6534 Tel: (+974) 4476 6509 Tel: (+974) 4476 6535
saugata.sarkar@qnbfs.com.qa shahan.keushgerian@qnbfs.com.qa zaid.alnafoosi@qnbfs.com.qa
QNB Financial Services Co. WLL One Person Company
Contact Center: (+974) 4476 6666
PO Box 24025
Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services Co. WLL One Person Company (“QNBFS”) a wholly-owned subsidiary of QNB SAQ (“QNB”). QNBFS is
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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
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Page 5 of 5
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns; #Market closed on June 10, 2016)
80.0
100.0
120.0
140.0
160.0
180.0
May-12 May-13 May-14 May-15 May-16
QSE Index S&P Pan Arab S&P GCC
0.0%
(0.8%)
0.1%
0.3%
(0.0%)
(0.6%)
0.5%
(0.9%)
(0.6%)
(0.3%)
(0.0%)
0.3%
0.6%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,273.92 0.3 2.4 20.0 MSCI World Index 1,665.22 (1.4) (0.8) 0.1
Silver/Ounce 17.33 0.3 5.6 25.1 DJ Industrial 17,865.34 (0.7) 0.3 2.5
Crude Oil (Brent)/Barrel (FM Future) 50.54 (2.7) 1.8 35.6 S&P 500 2,096.07 (0.9) (0.1) 2.6
Crude Oil (WTI)/Barrel (FM Future) 49.07 (2.9) 0.9 32.5 NASDAQ 100 4,894.55 (1.3) (1.0) (2.3)
Natural Gas (Henry Hub)/MMBtu 2.42 4.7 4.6 4.5 STOXX 600 332.92 (2.8) (2.9) (5.5)
LPG Propane (Arab Gulf)/Ton 49.00 (4.6) 0.8 27.7 DAX 9,834.62 (2.9) (3.1) (5.4)
LPG Butane (Arab Gulf)/Ton 58.50 (1.9) 2.4 6.1 FTSE 100 6,115.76 (2.7) (2.7) (4.7)
Euro 1.13 (0.6) (1.0) 3.6 CAC 40 4,306.72 (2.6) (3.0) (3.6)
Yen 106.97 (0.1) 0.4 (11.0) Nikkei 16,601.36 (0.9) (0.6) (1.8)
GBP 1.43 (1.4) (1.8) (3.3) MSCI EM 823.82 (1.6) 0.9 3.7
CHF 1.04 0.0 1.2 3.9 SHANGHAI SE Composite# 2,927.16 0.0 (0.5) (18.2)
AUD 0.74 (0.8) 0.1 1.2 HANG SENG 21,042.64 (1.2) 0.5 (4.1)
USD Index 94.57 0.7 0.6 (4.1) BSE SENSEX 26,635.75 (0.8) (0.8) 1.0
RUB 65.49 1.8 0.3 (9.7) Bovespa 49,422.16 (4.5) 0.7 31.6
BRL 0.29 (0.5) 3.2 15.8 RTS 924.65 (2.8) 2.4 22.1
111.2
87.9
87.5