The QE Index rose 0.2% to close at 10,739.5. Gains were led by the Industrials and Insurance indices, gaining 0.6% and 0.4%, respectively.

1. Page 1 of 5
QSE Intra-Day Movement
Qatar Commentary
The QE Index rose 0.2% to close at 10,739.5. Gains were led by the Industrials and
Insurance indices, gaining 0.6% and 0.4%, respectively. Top gainers were Qatar
General Insurance & Reinsurance Company and Alijarah Holding, rising 5.6% and
2.0%, respectively. Among the top losers, Qatar Aluminum Manufacturing Co. fell
1.3%, while Gulf International Services was down 1.2%.
GCC Commentary
Saudi Arabia: The TASI Index gained 0.9% to close at 10,897.5. Gains were led by
the Software & Services and Telecommunication Services indices, rising 4.9% and
2.7%, respectively. Arab Sea Information Systems Co. rose 10.0%, while Al Khaleej
Training and Education was up 8.8%.
Dubai: The DFM Index fell marginally to close at 2,842.3. The Insurance index
declined 1.1%, while the Services index fell 0.8%. International Financial Advisors
declined 9.4%, while Takaful Emarat Insurance was down 7.4%.
Abu Dhabi: The ADX General Index fell 0.2% to close at 6,701.9. The Consumer
Staples index declined 1.5%, while the Banks index fell 0.8%. Gulf Cement Co.
declined 9.9%, while Ras Al Khaimah White Cement & Construction Materials was
down 8.6%.
Kuwait: The Kuwait All Share Index gained 0.4% to close at 6,328.9. The Insurance
index rose 1.6%, while the Consumer Discretionary index gained 1.3%. Kuwait & Gulf
Link Transport rose 12.0%, while Gulf Investment House was up 9.3%.
Oman: The MSM 30 Index gained 0.3% to close at 4,040.5. Gains were led by the
Industrial and Services indices, rising 0.5% and 0.4%, respectively. Global Financial
Investments rose 9.6%, while Gulf International Chemicals was up 7.6%.
Bahrain: The BHB Index gained 0.4% to close at 1,552.6. The Commercial Banks
index rose 1.4%, while the Investment index gained 0.2%. Ahli United Bank rose
1.5%, while GFH Financial Group was up 1.1%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Qatar General Ins. & Reins. Co. 2.24 5.6 5.5 (15.8)
Alijarah Holding 1.29 2.0 6,798.9 3.8
Qatari German Co for Med. Dev. 2.68 1.9 1,636.9 19.8
Industries Qatar 13.00 1.6 6,802.1 19.6
Ezdan Holding Group 1.80 1.0 18,564.0 1.2
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Salam International Inv. Ltd. 1.02 (0.4) 24,308.2 57.0
Mazaya Qatar Real Estate Dev. 1.15 0.5 18,871.9 (8.6)
Ezdan Holding Group 1.80 1.0 18,564.0 1.2
Qatar Aluminum Manufacturing Co 1.58 (1.3) 15,258.6 63.5
Gulf International Services 1.57 (1.2) 7,827.6 (8.2)
Market Indicators 13 Jun 21 10 Jun 21 %Chg.
Value Traded (QR mn) 340.6 378.2 (10.0)
Exch. Market Cap. (QR mn) 626,186.6 624,088.9 0.3
Volume (mn) 140.1 178.1 (21.3)
Number of Transactions 6,083 9,282 (34.5)
Companies Traded 47 45 4.4
Market Breadth 21:23 28:15 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 21,259.45 0.2 0.2 6.0 18.2
All Share Index 3,414.15 0.2 0.2 6.7 19.0
Banks 4,506.58 0.2 0.2 6.1 15.7
Industrials 3,569.45 0.6 0.6 15.2 27.4
Transportation 3,362.98 0.1 0.1 2.0 22.5
Real Estate 1,859.14 (0.1) (0.1) (3.6) 17.6
Insurance 2,627.58 0.4 0.4 9.7 23.5
Telecoms 1,053.81 (0.1) (0.1) 4.3 28.0
Consumer 8,188.19 (0.2) (0.2) 0.6 28.6
Al Rayan Islamic Index 4,591.16 (0.0) (0.0) 7.5 19.7
GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD%
SABIC Agri-Nutrients Saudi Arabia 125.20 4.7 925.4 55.3
Al Rajhi Bank Saudi Arabia 109.60 3.8 4,039.7 48.9
Saudi Telecom Co. Saudi Arabia 139.20 3.6 1,097.6 32.4
Saudi Arabian Mining Co. Saudi Arabia 58.20 1.9 2,021.6 43.7
Ahli Bank Oman 0.12 1.8 555.0 (9.4)
GCC Top Losers## Exchange Close# 1D% Vol. ‘000 YTD%
Saudi British Bank Saudi Arabia 30.90 (1.4) 1,206.8 25.0
Abu Dhabi Islamic Bank Abu Dhabi 5.50 (1.4) 2,646.8 17.0
Arab National Bank Saudi Arabia 22.10 (1.3) 961.6 10.0
Emirates NBD Dubai 13.55 (1.1) 259.1 31.6
First Abu Dhabi Bank Abu Dhabi 16.76 (1.1) 12,536.6 29.9
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%
Qatar Aluminum Manufacturing 1.58 (1.3) 15,258.6 63.5
Gulf International Services 1.57 (1.2) 7,827.6 (8.2)
Widam Food Company 4.53 (1.0) 379.8 (28.4)
United Development Company 1.53 (1.0) 3,352.0 (7.6)
Mesaieed Petrochemical Holding 1.91 (0.8) 4,474.5 (6.8)
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Industries Qatar 13.00 1.6 88,407.8 19.6
Ezdan Holding Group 1.80 1.0 33,431.3 1.2
Salam International Inv. Ltd. 1.02 (0.4) 24,945.9 57.0
Qatar Aluminum Manufacturing 1.58 (1.3) 24,352.2 63.5
Mazaya Qatar Real Estate Dev. 1.15 0.5 21,848.3 (8.6)
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* 10,739.48 0.2 0.2 (0.1) 2.9 92.01 169,007.8 18.2 1.6 2.7
Dubai 2,842.33 (0.0) (0.0) 1.6 14.1 33.88 105,932.3 21.3 1.0 2.8
Abu Dhabi 6,701.88 (0.2) (0.2) 2.2 32.8 369.06 260,031.5 22.5 1.9 3.6
Saudi Arabia 10,897.47 0.9 0.9 3.3 25.4 3,848.84 2,604,879.3 35.8 2.4 1.9
Kuwait 6,328.90 0.4 0.4 1.9 14.1 238.97 119,929.5 40.3 1.6 2.0
Oman 4,040.49 0.3 0.3 4.9 10.4 25.34 18,057.1 14.2 0.8 3.9
Bahrain 1,552.58 0.4 0.4 1.6 4.2 1.99 23,785.4 26.7 1.0 2.1
Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Market and Dubai Financial Market (** TTM; * Value traded ($ mn) do not include special trades, if any)
10,700
10,720
10,740
10,760
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 QE Index rose 0.2% to close at 10,739.5. The Industrials and
Insurance indices led the gains. The index rose on the back of buying
support from GCC and foreign shareholders despite selling pressure from
Qatari and Arab shareholders.
 Qatar General Insurance & Reinsurance Company and Alijarah Holding
were the top gainers, rising 5.6% and 2.0%, respectively. Among the top
losers, Qatar Aluminum Manufacturing Co. fell 1.3%, while Gulf
International Services was down 1.2%.
 Volume of shares traded on Sunday fell by 21.3% to 140.1mn from
178.1mn on Thursday. Further, as compared to the 30-day moving
average of 214.3mn, volume for the day was 34.6% lower. Salam
International Inv. Ltd. and Mazaya Qatar Real Estate Dev. were the most
active stocks, contributing 17.4% and 13.5% to the total volume,
respectively.
Source: Qatar Stock Exchange (*as a % of traded value)
News
Qatar
 QIGD announces appointment of new Chief Executive
Officer – Qatari Investors Group (QIGD) announced the
appointment of Joseph Abdo as Chief Executive Officer with
effect from June 13, 2021. (QSE)
 Energy majors bid for Qatar LNG project – Six top western
energy firms are vying to partner in the vast expansion of Qatar's
liquefied natural gas output, industry sources said, helping the
Gulf state cement its position as the leading LNG producer while
several large projects around the world recently stalled. Exxon
Mobil, Royal Dutch Shell, TotalEnergies and ConocoPhillips,
which are part of Qatar's existing LNG production were joined by
new entrants Chevron and Italy's Eni in submitting bids on May
24 for the expansion project, industry sources told Reuters. The
bids show energy giants continue to have appetite for investing in
competitive oil and gas projects despite growing government,
investor and activist pressure on the sector to tackle greenhouse
gas emissions. Unlike Qatar's early LNG projects in the 1990s
and 2000s when the country relied heavily on international oil
companies' technical expertise and deep pockets, the country's
national oil company Qatar Petroleum (QP) has gone ahead
alone with the development of the nearly $30bn North Field
expansion project. It is, however, seeking to partner with the oil
majors in order to share the financial risk of the development and
help sell the additional volumes of LNG it will produce.
(Bloomberg, Reuters)
 FocusEconomics: Qatar GDP on track to exceed $200bn by
2025 – Qatar’s GDP is set to exceed $200bn in four years and
reach $204bn by 2025, according to researcher
FocusEconomics. The country’s GDP this year has been forecast
at $169bn, $178bn in 2022, $186bn (2023) and $195bn (2024).
GDP per capita, FocusEconomics said, is set to reach $72,105 in
2025 from $60,235 this year. Next year, it has been projected at
$63,139 and $65,866 (2023) and $68,993 (2024). The country’s
current account balance (as a percentage of GDP) will reach 7.5
in 2025 from 4.2 this year. Next year it will be 7.7, 8.6 in 2023 and
11.8 in 2024. Fiscal balance (as a percentage of GDP) will reach
2.7 in 2025 from 1.8 this year. Next year, it will be 2.3 and 2.5 (in
2023) and 2.6 (2024). The country’s merchandise trade balance
will reach $52.4bn in 2025 from $39.4bn this year, the report said.
Unemployment as a percentage of active population will be 0.3
this year and 0.1 in 2025. FocusEconomics said Qatar’s economy
appeared to be “resilient” in the first quarter of the year. The non-
energy private sector purchasing managers' index (PMI) was
“well in expansionary territory” in the period, while industrial
production data suggests the performance of the energy sector
“improved” relative to 4Q2020. Heading into second quarter (2Q),
the YoY comparisons will be “flattered by the highly favorable
base effect, but underlying momentum seems to have softened.”
The non-energy private sector PMI slumped in April and May,
amid the progressive tightening of restrictions to ward off a
second wave of Covid-19. (Gulf-Times.com)
International
 Georgieva: IMF eyes new trust to provide aid to broader
group of countries – The International Monetary Fund is
exploring creation of a new trust that could allow its members to
lend their IMF reserves to more countries, including middle-
income countries vulnerable to climate change, IMF Chief
Kristalina Georgieva said on Sunday. Georgieva said leaders of
the Group of Seven rich economies had given the IMF a ‘green
light’ to keep working on the plan, and China - the world’s second
largest economy - had also expressed interest, along with middle-
income countries that stand to benefit from such a fund. She said
the IMF would continue working on the “Resilience and
Sustainability Trust” - which could help countries combat climate
change or improve their health care systems - ahead of the July
meeting of finance officials from the Group of 20 major
economies, which includes China. “Now we have the indication
that we have a green light to go ahead, and we will reach out to
others,” Georgieva told Reuters in an interview after the end of
the G7 leaders summit in Cornwall, England. “China has
expressed interest to participate, and I would expect there could
be other emerging market economies with sound fundamentals
and strong reserve positions that may also do the same,” she
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 40.16% 41.87% (5,823,427.1)
Qatari Institutions 18.35% 32.86% (49,430,135.1)
Qatari 58.51% 74.73% (55,253,562.2)
GCC Individuals 0.54% 0.43% 363,501.4
GCC Institutions 3.85% 2.49% 4,652,760.3
GCC 4.39% 2.92% 5,016,261.7
Arab Individuals 12.29% 13.70% (4,786,980.0)
Arab Institutions 0.00% 0.00% –
Arab 12.29% 13.70% (4,786,980.0)
Foreigners Individuals 3.45% 3.27% 636,665.7
Foreigners Institutions 21.36% 5.39% 54,387,614.8
Foreigners 24.81% 8.65% 55,024,280.5

3. Page 3 of 5
said. G7 leaders on Sunday said they welcomed an expansion of
the global lender’s emergency reserves, or Special Drawing
Rights (SDRs), by $650bn, and backed a global target of
providing $100bn to the most vulnerable countries, but said other
countries should participate. The IMF’s Poverty Reduction and
Growth Trust already allows members to share their IMF
reserves, but small island states and other middle-income
countries that have been hit hard by the coronavirus pandemic
and significant economic downturns, are not eligible for funding
through that IMF vehicle. Georgieva welcomed the G7’s
commitment to donate one billion COVID-19 vaccine doses as a
key step toward ending the pandemic, and said discussions
would continue within the G20. The IMF has been urging rich
countries to act, warning that a big divergence in the recoveries
of advanced and developing economies could undercut demand
and disrupt supply chains, which would also affect countries that
are recovering faster. “This is a moral imperative and an
economic necessity,” Georgieva said, adding that allowing the
gap between rich and poor countries to continue to widen could
also trigger unrest. “We have seen in the past that divergence that
leads to more inequality, it creates a breeding ground for more
instability in the world,” she said. Georgieva said she would work
with IMF members in the coming months on how they could re-
allocate some of their SDRs or use budget loans to reach - or
even exceed - the $100bn goal. Countries could also use budget
loans and other means to raise the money, she said, noting this
was done successfully in the first year of the pandemic when the
IMF sought donations for its Poverty Reduction and Growth Trust.
The IMF expects its board to formally approve the $650bn SDR
allocation in August, paving the way for member countries to
donate their unneeded reserves to others in need. The previously
unreported new trust could help broaden the effort and make
funds available to more countries, and for broader initiatives, in
line with global goals for combating climate change. Eric
LeCompte, an adviser to the United Nations and executive
director of Jubilee USA Network, said the IMF’s work on the new
trust marked “significant progress” for many middle income
countries also hit hard by the pandemic. “It means that more
countries with needs can get aid and resources to get through the
pandemic,” he said. (Reuters)
 Raab: Britain raps EU for treating N.Ireland as separate
country – British foreign minister Dominic Raab criticised the
European Union on Sunday for treating Northern Ireland as if it
was a separate country rather than part of the United Kingdom,
and that approach was causing damage to the British province.
“Various EU figures here in Carbis Bay, but frankly for months
now and years, have characterized Northern Ireland as somehow
a separate country and that is wrong. It is a failure to understand
the facts,” he told the BBC’s Andrew Marr program.
 Macron says Brexit deal must be honored – President
Emmanuel Macron on Sunday said that France respects Britain’s
sovereignty but it is time to end rows over sausages and focus on
more serious issues. Macron said he wants Britain to respect its
post-Brexit trade agreement with the European Union. “My wish
is that we succeed collectively in putting into action what we
signed several months ago,” Macron told a news conference at
the G7 leaders’ summit.
 France's Macron says G7 is not hostile towards China – The
G7 group of nations may have its differences with China over
issues such as forced labor and human rights, but it is not a club
that is hostile to the Asian economic powerhouse, French
President Emmanuel Macron said on Sunday. “China is an
economic rival from whom we expect the full respect of
(international trade) rules,” Macron told a news conference at the
end of a summit of G7 leaders in Britain. (Reuters)
 Italy's Draghi says G7 had to be frank about China – Italian
Prime Minister Mario Draghi said the Group of Seven countries
had to be frank about differences between the West and China in
its post-summit communique that called out Beijing on issues
ranging from rights to the origins of the coronavirus. “It’s an
autocracy that does not adhere to multilateral rules and does not
share the same vision of the world that the democracies have,”
Draghi told reporters on Sunday after a Group of Seven leaders
summit in Britain. “We need to cooperate but we also need to be
frank about things that we do not share and do not accept. The
US president said that silence is complicity.” Asked by a reporter
if Italy’s participation in China’s Belt and Road infrastructure
network was raised at the G7 summit, Draghi said it had not been
mentioned but he added: “regarding that specific agreement, we
will assess it carefully.” The G7 leaders at their summit sought to
counter China’s influence by offering developing nations an
infrastructure plan that could rival China’s Belt and Road initiative.
Italy was the first major Western power to endorse the Chinese
plan in 2019, before Draghi became prime minister, in a bit to
revive its economy. (Reuters)
 Germany's Laschet vows to raise military spending if elected
– Germany must increase military spending and take on a greater
share of military burdens within NATO, the conservative
candidate to succeed Angela Merkel as chancellor said in a
newspaper interview on Sunday. Heads of state within the 30-
nation North Atlantic Treaty Organization (NATO) will meet in
Brussels on Monday and discuss the path to follow against
challenges such as China, Russia and cyber threats. Laschet,
backed by Merkel's conservatives to run for chancellor at the
Sept. 26 election, said he would ensure that Germany, Europe's
largest economy, meets the alliance's spending target of 2% of
gross domestic product. "When we have agreed something
internationally, we should stick to it", he told Welt am Sonntag
(WamS). He said the Bundeswehr, the federal armed forces,
should take on more responsibility in Africa, around the
Mediterranean and in Mali. "We can always talk about us taking
a higher share of the burdens," he said referring to Mali, where
the Bundeswehr participates in a European Union training
mission and in a United Nations peacekeeping mission. French
president Emmanuel Macron on Thursday said that France's
operation battling Islamist militants in the Sahel region, of which
Mali is a part, would come to an end with troops now operating as
part of broader international efforts in the region. A German poll
on Sunday showed the conservative party block of Christian
Democrats and their Bavarian sister party CSU, at 27%, well
ahead of the Greens at 20%. Separately, the Green Party at a
party conference that ended on Sunday softened up a previously
categoric stance against the use of armed drones by the
Bundeswehr after a tight vote of 347 versus 343 on the motion.
But the Greens reject the two percent NATO target as they deem
it costly and arbitrary. (Reuters)
 China cautions G7: 'small' groups don't rule the world –
China on Sunday pointedly cautioned Group of Seven leaders
that the days when “small” groups of countries decided the fate
of the world was long gone, hitting back at the world’s richest
democracies which sought a unified position to counter China.
“The days when global decisions were dictated by a small group
of countries are long gone,” a spokesman for the Chinese
embassy in London said. “We always believe that countries, big
or small, strong or weak, poor or rich, are equals, and that world
affairs should be handled through consultation by all countries.”
(Reuters)
Regional
 Saudi Public Investment Fund bolsters MENA investments
division – The Public Investment Fund (PIF), Saudi Arabia's
sovereign wealth fund, on Sunday said it has appointed Eyas al-

4. Page 4 of 5
Dossari and Omar al-Madhi as senior directors to its MENA
investments division. PIF, which manages $430bn, has also
appointed Abdullah Shaker as senior director to its global capital
finance division. PIF earlier this month expanded its local holdings
investments division to become the MENA investments division,
and its corporate finance division to become the global capital
finance division. The fund also established two deputy governor
roles to support the fund's continued growth and expansion. The
PIF is at the center of Saudi Arabia's plans to transform the
economy by creating new sectors and diversifying revenues away
from oil. The fund is expected to inject at least $40bn annually
into the local economy until 2025, and increase its assets to $1tn
by that date. (Zawya)
 Saudi Arabia's Dur and Taiba in merger talks – Saudi Arabia's
Dur Hospitality Co and Taiba Investments Co are in merger talks
that could create a company with combined assets worth $2.4bn
across the Kingdom's hotel, tourism and real estate sectors. Dur
and Taiba announced the merger talks in similar bourse
statements on Sunday, adding that an agreement may not be
reached between to the two companies in which Aseelah
Investment Co is a significant shareholder. Taiba, which has
interests in hotels, tourism facilities and real estate, has a market
capitalization of $1.5bn, Refinitiv data shows. Dur's market
capitalization is $923mn, with investments in hotels, travel
agencies and entertainment centers, Refinitiv data shows. Saudi
Arabia's sovereign wealth fund, the Public Investment Fund,
owns nearly 17% of Dur, according to Refinitiv. (Reuters)
 DEWA to add additional 600MW of clean energy capacity to
Dubai’s energy mix in 2021 – Saeed Mohammed Al Tayer, MD
& CEO of Dubai Electricity and Water Authority (DEWA), has
announced that the authority will add 600 megawatts (MW) of
clean energy capacity using photovoltaic solar panels and
Concentrated Solar Power (CSP) during 2021. The move will
increase DEWA’s total power capacity from clean energy to 1,613
MW compared to 1,013 MW currently. Al Tayer said that next
July, DEWA will commission the 300MW first stage of the 5th
phase of the Mohammed bin Rashid Al Maktoum Solar Park.
DEWA will commission the world's tallest CSP tower at 262.44
metres with a capacity of 100MW in September and 200MW from
the parabolic trough as part of the 4th phase of the solar park by
the end of 2021. (Zawya)
 Dubai's Meraas now holds all shares of DXB Entertainments
– State-backed Meraas Leisure and Entertainment now holds all
the shares of Dubai theme parks operator DXB Entertainments
(DXBE), according to a bourse filing. The minority shareholders
of the company, which operates Dubai Parks and Resorts, had
accepted in March the offer to take over the company, whose
losses were reported to be at $1.7bn, or 78% of its capital, as of
the end of September 2020. “Following completion of the
mandatory acquisition, all of the shares of (DXBE) are now held
by Meraas,” DXBE said in a statement to the Dubai Financial
Market (DFM). (Zawya)
 Abu Dhabi’s ADQ said in talks to invest $500mn in Flipkart –
Abu Dhabi sovereign fund ADQ is in talks to invest about $500mn
in India’s Flipkart, according to sources, as the Walmart Inc.-
backed e-commerce firm raises funds ahead of a potential initial
public offering next year. The oil-rich Emirate’s newest state
investment company is discussing an injection of funds that would
value Flipkart between $35bn and $40bn, the sources said. The
fundraising would come ahead of a planned IPO that could take
place as soon as 2022, they said. Flipkart is seeking to raise at
least $3bn and could decide to increase the amount to as much
as $3.75bn, as investors have shown significant interest, sources
said. Considerations are ongoing and the talks could fall apart,
the people said. Flipkart is seeking to raise at least $3bn from a
group of investors including SoftBank Group Corp., Singapore’s
GIC Pte and Canada Pension Plan Investment Board, Bloomberg
News reported June 7 citing sources. The group also includes the
Abu Dhabi Investment Authority (ADIA), one of the Emirate’s
largest sovereign wealth funds, the sources said at the time.
(Bloomberg)
 Abu Dhabi's ADQ invests in India's edtech giant Byju's – Abu
Dhabi’s state state-owned ADQ is one of the investors
participating in the latest funding round by India’s education
technology firm Byju’s. The edtech giant raised about $350mn
from investors that also include UBS Group, Zoom founder Eric
Yuan and Blackstone, the Economic Times reported. The latest
funding valued Byju at around $16.5bn post investment, making
it the most-valued start-up in India. ADQ, which owns Abu Dhabi
Ports, Abu Dhabi Airport and bourse operator Abu Dhabi
Securities Exchange (ADX), is on an investment spree. It has
taken strategic stakes in a variety of ventures within the UAE and
globally. (Zawya)
 Kuwait's economy contracted by 9.9% in 2020 – Kuwait’s GDP
contracted 9.9% in 2020, compared with growth of 0.4% in 2019,
mainly because of last year’s sharp drop in oil prices, state news
agency KUNA reported on Sunday. Kuwait, which makes half its
revenues from oil, had its finances squeezed by an oil price crash
and by the COVID-19 pandemic, while a draft law that would allow
it to tap international debt has stalled amid disagreement between
successive parliaments and cabinets. The International Monetary
Fund estimated in April that Kuwait’s GDP contracted 8% in 2020.
KUNA based its report on Central Bank of Kuwait’s Governor,
Mohammad Al-Hashel, who cited preliminary estimates and
statistics and said the institution used all the tools available to it
to blunt the pandemic’s impact. He said preliminary estimates and
statistics also showed the headline inflation rate increased to
about 2.1% in 2020 from about 1.1% in 2019. Kuwait’s population,
which mostly comprises expatriate workers and their families,
declined by 2.2% in 2020 after growing 3.3% in 2019. (Reuters)

5. Contacts
QNB Financial Services Co. W.L.L.
Contact Center: (+974) 4476 6666
info@qnbfs.com.qa
Doha, Qatar
Saugata Sarkar, CFA, CAIA Shahan Keushgerian Mehmet Aksoy, PhD
Head of Research Senior Research Analyst Senior Research Analyst
saugata.sarkar@qnbfs.com.qa shahan.keushgerian@qnbfs.com.qa mehmet.aksoy@qnbfs.com.qa
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Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
60.0
80.0
100.0
120.0
140.0
160.0
May-17 May-18 May-19 May-20 May-21
QSE Index S&PPan Arab S&PGCC
0.9%
0.2%
0.4% 0.4%
0.3%
(0.2%)
(0.0%)
(0.5%)
0.0%
0.5%
1.0%
Saudi
Arabia
Qatar
Kuwait
Bahrain
Oman
Abu
Dhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,877.53 (1.1) (0.7) (1.1) MSCI World Index 3,012.67 0.2 0.5 12.0
Silver/Ounce 27.92 (0.3) 0.4 5.7 DJ Industrial 34,479.60 0.0 (0.8) 12.7
Crude Oil (Brent)/Barrel (FM Future) 72.69 0.2 1.1 40.3 S&P 500 4,247.44 0.2 0.4 13.1
Crude Oil (WTI)/Barrel (FM Future) 70.91 0.9 1.9 46.1 NASDAQ 100 14,069.42 0.4 1.8 9.2
Natural Gas (Henry Hub)/MMBtu 3.23 4.2 8.8 35.1 STOXX 600 457.51 (0.0) 0.6 13.5
LPG Propane (Arab Gulf)/Ton 95.00 (0.3) 3.5 26.2 DAX 15,693.27 0.1 (0.5) 12.6
LPG Butane (Arab Gulf)/Ton 100.50 (1.7) 1.5 44.6 FTSE 100 7,134.06 0.2 0.5 14.1
Euro 1.21 (0.5) (0.5) (0.9) CAC 40 6,600.66 0.2 0.8 17.7
Yen 109.66 0.3 0.1 6.2 Nikkei 28,948.73 (0.3) (0.1) (0.7)
GBP 1.41 (0.5) (0.4) 3.2 MSCI EM 1,381.99 0.2 0.0 7.0
CHF 1.11 (0.4) 0.1 (1.5) SHANGHAI SE Composite 3,589.75 (0.7) (0.1) 5.4
AUD 0.77 (0.6) (0.4) 0.2 HANG SENG 28,842.13 0.4 (0.3) 5.8
USD Index 90.56 0.5 0.5 0.7 BSE SENSEX 52,474.76 0.1 0.2 9.6
RUB 72.08 0.4 (1.0) (3.1) Bovespa 129,441.00 (1.4) (1.5) 9.9
BRL 0.20 (1.2) (1.4) 1.5 RTS 1,678.57 0.1 1.9 21.0
143.0
137.6
106.2