The Qatar Stock Exchange (QSE) Index decreased 155.27 points, or 1.65% during the trading week to close at 9,242.82.

1. `
Page 1 of 7
Market Review and Outlook QSE Index and Volume
The Qatar Stock Exchange (QSE) Index decreased 155.27 points,
or 1.65% during the trading week to close at 9,242.82. Market
capitalization decreased by 1.61% to QR500.90 billion (bn) versus
QR509.09bn at the end of the previous trading week. Of the 44
listed companies, 9 companies ended the week higher, while 35
declined and 0 remained unchanged. Qatar General Insurance and
Reinsurance Company (QGRI) was the best performing stock for
the week with a gain of 13.97% on 21,671 shares traded. On the
other hand, Ooredoo (ORDS) was the worst performing stock for
the week with a decline of 5.52% on 218,758 shares traded.
Ooredoo (ORDS), Industries Qatar (IQCD) and Qatar Islamic Bank
(QIBK) were the primary contributors to the weekly index
decrease. ORDS was the biggest contributor to the index’s weekly
decline, deleting 27.91 points from the index. IQCD was the second
biggest contributor to the decrease, shaving off 25.69 points from
the index. Moreover, QIBK erased 14.92 points from the index. On
the other hand, Qatari Investors Group (QIGD) contributed
positively to the index, adding 1.24 points to the index.
Trading value during the week decreased by 26.61% to reach
QR0.86bn versus QR1.17bn in the prior week. The Banks and
Financial Services sector led the trading value during the week,
accounting for 32.96% of the total trading value. The Consumer
Goods and Services sector was the second biggest contributor to
the overall trading value, accounting for 17.97% of the total
trading value. Vodafone Qatar (VFQS) was the top value traded
stock during the week with total traded value of QR124.56mn.
Trading volume decreased by 35.31% to reach 32.25mn shares
versus 49.86mn shares in the prior week. The number of
transactions declined by 37.25% to reach 9,736 transactions
versus 15,515 transactions in the prior week. The Telecoms sector
led the trading volume, accounting for 43.57%, followed by the
Banks and Financial Services sector which accounted for 20.61%
of the overall trading volume. Vodafone Qatar (VFQS) was also
the top volume traded stock during the week with total traded
volume of 13.8mn shares.
Foreign institutions turned bearish with net selling of QR61.5mn
vs. net buying of QR13.6mn in the prior week. Qatari institutions
remained bearish with net selling of QR10.9mn vs. net selling of
QR110.0mn the week before. Foreign retail investors remained
bullish with net buying of QR6.6mn vs. net buying of QR26.4mn in
the prior week. Qatari retail investors remained bullish with net
buying of QR65.8mn vs. net buying of QR70.0mn the week before.
In 2017 YTD, foreign institutions bought (on a net basis) ~$750mn
worth of equities.
Market Indicators
Week ended
Aug 10 , 2017
Week ended
Aug 03 , 2017
Chg. %
Value Traded (QR mn) 859.1 1,170.5 (26.6)
Exch. Market Cap. (QR mn) 500,902.1 509,086.1 (1.6)
Volume (mn) 32.3 49.9 (35.3)
Number of Transactions 9,736 15,515 (37.2)
Companies Traded 44 44 0.0
Market Breadth 9:35 13:31 –
Market Indices Close WTD% MTD% YTD%
Total Return 15,499.66 (1.7) (1.7) (8.2)
ALL Share Index 2,638.19 (1.5) (1.5) (8.1)
Banks and Financial Services 2,851.64 (1.1) (1.3) (2.1)
Industrials 2,781.35 (2.1) (2.7) (15.9)
Transportation 1,975.89 (1.5) (2.7) (22.4)
Real Estate 2,052.95 (2.0) (1.2) (8.5)
Insurance 4,120.80 1.0 1.0 (7.1)
Telecoms 1,137.10 (4.9) (3.5) (5.7)
Consumer Goods & Services 5,514.44 (1.3) (0.5) (6.5)
Al Rayan Islamic Index 3,695.56 (1.7) (1.7) (4.8)
Market Indices
Weekly Index Performance
Regional Indices Close WTD% MTD% YTD%
Weekly Exchange
Traded Value ($ mn)
Exchange Mkt.
Cap. ($ mn)
TTM
P/E**
P/B** Dividend Yield
Qatar (QSE)* 9,242.82 (1.7) (1.7) (11.4) 235.35 137,547.7 15.9 1.6 3.7
Dubai 3,647.33 (0.8) 0.4 3.3 285.66 101,280.0#
17.0 1.3 3.9
Abu Dhabi 4,550.93 (1.0) (0.3) 0.1 176.16 119,381.7 12.3 1.3 4.5
Saudi Arabia#
7,153.17 1.0 0.8 (0.8) 4,057.52 451,633.4 17.2 1.6 3.4
Kuwait 6,845.01 0.3 (0.1) 19.1 226.33 95,270.7 18.3 1.2 5.3
Oman 4,991.51 (1.3) (0.7) (13.7) 29.43 20,356.8 11.5 1.0 5.5
Bahrain 1,324.28 0.1 (0.3) 8.5 14.66 21,127.1 7.8 0.8 5.9
Source: Bloomberg, country exchanges and Zawya (** Trailing Twelve Months; * Value traded ($ mn) do not include special trades, if any;
#
Data as of August 9, 2017)
9,345.37
9,342.56
9,373.49
9,307.14
9,242.82
0
5,000,000
10,000,000
9,150
9,275
9,400
6-Aug 7-Aug 8-Aug 9-Aug 10-Aug
Volume QSE Index
1.0%
0.3% 0.1%
(0.8%) (1.0%)
(1.3%)
(1.7%)
(2.0%)
(1.0%)
0.0%
1.0%
2.0%
SaudiArabia
Kuwait
Bahrain
Dubai
AbuDhabi
Oman
Qatar(QSE)*

2. Page 2 of 7
News
Economic & Corporate News
 MCCS’ net profit narrows to QR76.4mn in 2Q2017 – Mannai
Corp. (MCCS) reported net profit of QR76.4mn in 2Q2017 as
compared to QR90.1mn in 1Q2017. In 1H2017, the company’s
net profit declined to QR166.5mn (from QR219.6mn in
1H2016), whereas revenue fell 7% YoY to QR2.31bn. MCCS
said that depressed market conditions in the retail/luxury
segment and the general economic slowdown resulted in the
net profit decline. Further, the company stated that in
continuation of the group’s strategy of diversifying its
earnings, the group is further consolidating its stake in GFI
Informatique with an increase in its shareholding to 80%
during 2017. With this acquisition and other operational
efficiencies underway, the group is confident of improving its
performance during the remainder of the year. MCCS’ EPS
amounted to QR3.65 in 1H2017 as compared to QR4.81 in
1H2016. (QSE, Gulf-Times.com)
 MERS' bottom line rises 52.6% QoQ in 2Q2017 – Al Meera
Consumer Goods Company's (MERS) net profit rose 52.6% QoQ
(+16.8% YoY) to QR61.8mn in 2Q2017. EPS remained flat YoY
at QR5.12 in 1H2017. (QSE)
 S&P: Siege nations’ trade balance to be hit – S&P Global
Ratings said, “The physical closure of Qatar’s land, air, and sea
borders with the blockading nations will affect trade linkages
in both directions. We therefore expect the boycott to
adversely affect the trade balances of boycotting countries
that previously had trade surpluses with Qatar, particularly
Saudi Arabia.” However, the countries not participating in the
siege, such as Oman and Kuwait, may benefit from diverted
trade routes. In 2016, goods exports from Qatar to the GCC and
Egypt accounted for 11% of Qatar’s total exports, or roughly
6% of current account receipts ($6bn). (Peninsula Qatar)
 Qatar lauded for stable supply of LNG to Japan – Chubu Electric
Power honorary adviser Toshio Mita lauded Qatar’s stable
supply of liquefied natural gas (LNG) to Japan, saying Qatar-
Japan relations will never change despite the economic
blockade. Speaking in a meeting at the headquarters of the
Abdullah Bin Hamad Al-Attiyah International Foundation for
Energy and Sustainable Development, he said Japan and Qatar
will continue to strengthen its economic and trade
relationships amid current circumstances. (Gulf-Times.com)
 IQCD's net profit declines 26.5% QoQ in 2Q2017; in-line with
our estimate – Industries Qatar's (IQCD) net profit declined
26.5% QoQ to QR681.9mn in 2Q2017 as compared to
QR927.9mn in 1Q2017, in-line with our estimate of QR788.8mn
(variation of -13.5%). The company's revenue reported under
IFRS 11 came in at QR917.3mn in 2Q2017, which represents a
decrease of 17.2% QoQ. In 1H2017, net profit declined to
QR1,610mn in 2Q2017 (a decline of 19.1% YoY). The reduction
in 1H2017 net profit was predominantly driven by lower
revenue, resulting from slight decrease in sales volumes across
most operating segments. However, the company said that
operational performance, together with operating costs, is
expected to improve further with the on-going cost
optimization programs. IQCD’s revenue reported under IFRS 11
came in at QR2,025mn in 1H2017 as compared to QR2,431mn
in 1H2016, a decline of 16.7% YoY. The decrease in group
revenue was primarily due to modest reduction in sales
volumes, driven by decrease in production of polyethylene and
fertilizers. The impact of reduced volumes was partially
negated by improved product prices, most notably the prices of
petrochemicals. The performance in some segments, in
particular the operational performance of polyethylene and
fertilizer segments was affected due to some planned and
unplanned maintenance during 1H2017. IQCD stated that
prices, most specifically the prices of polyethylene and fuel
additives, have improved on last year as prices troughed during
1H2016 in the backdrop of depressed crude oil prices, which
prevailed in early-2016. On the other hand, prices of fertilizer
remained relatively stable, while the prices of steel were
marginally down last year. IQCD’s EPS amounted to QR2.66 in
1H2017 as compared to QR3.29 in 1H2016. The company’s
financial position remains solid as cash across the group stands
at QR10.2bn after paying 2016’s dividend of QR2.4bn and
periodic debt payments. Overall results are not particularly
surprising given market conditions but we expect the stock to
react negatively to the earnings miss. We retain our Market
Perform rating on the stock. (QNBFS Research, company
financials)
 MDPS: Monthly PPI for Qatar’s industrial sector fell 3.7% in
June – According to the Ministry of Development Planning and
Statistics (MDPS), the monthly Producer Price Index (PPI) for
June for Qatar’s industrial sector fell 3.7% compared to May.
The monthly Producer Price Index (PPI) of the Industrial sector
has been prepared with the base year taken as 2013, MDPS
said. PPI covers goods relating to mining (weight: 72.7%),
manufacturing (26.8%), and electricity and water (0.5%).
MDPS said the fall in June PPI was primarily due to the
decrease in the prices of crude petroleum and natural gas.
However, PPI has shown an increase of 14.8% YoY in June.
(Gulf-Times.com)
 Muntajat to export Qatar’s petrochemical products through
Hamad Port – State-owned Muntajat will export Qatar’s
petrochemical products through Hamad Port for which an
agreement was signed by Qatar Ports Management Company
(Mwani Qatar) and Qatar Chemical and Petrochemical
Marketing and Distribution Company in Doha. As per the MoU,
Muntajat will export through Hamad Port a number of its
shipments to various destinations around the world while
Mwani Qatar will be in charge of providing container loading
and unloading services at Hamad Port berths as well as
facilitating and developing support services for containers and
trucks. The agreement was signed in the presence of HE the
Minister of Transport and Communications, Jassim Seif Ahmed
Al-Sulaiti, also Mwani Chairman at the Ministry of Transport
and Communications in Qatar. (Gulf-Times.com)
 The First Investor completes acquisition of income yielding
asset in Germany – The First Investor (TFI), a subsidiary of
Barwa Bank Group and a Qatari closed shareholding
investment banking firm, has recently announced the
completion of the acquisition of a prime Stuttgart office
property via its TFI Europe Income Fund. Located in Stuttgart
and leased to one of the leading German automotive groups,
the investment is in line with TFI’s strategy to identify

3. Page 3 of 7
attractive opportunities in developed markets like Germany
and the UK, where it has already made considerable
investments. The fund, a close ended Shari’ah-compliant real
estate fund, was recently established by TFI and Inovalis with
the focus on investing in the income generating commercial
real estate assets in highly-lucrative European markets. (Gulf-
Times.com)
 Moody's lowers outlook on Qatar Banking System to
‘Negative’ – Moody’s Investors Service lowered the outlook on
Qatar’s banking system to ‘Negative’ from ‘Stable’ due to
weakening operating conditions and continued funding
pressures facing Qatari banks. (Bloomberg)
 Milaha launches in-country operations in Oman – Qatar-based
maritime and logistics conglomerate Milaha has launched in-
country operations in Oman. Initially, Milaha is setting up
warehousing and third party logistics (3PL) services within the
Sohar Free Zone, while it continues to explore further
expansion in Oman of its diverse portfolio of services. The
announcement comes on top of the company also shifting its
regional transshipment hub to the Port of Sohar, where Milaha
is offering competitive transit time for local cargo and a high
frequency of Oman to Qatar sailings. (Gulf-Times.com)
 MPHC reports ~QR256mn net profit in 2Q2017 – Mesaieed
Petrochemical Holding Company (MPHC) reported net profit
(including tax refund) of ~QR256mn in 2Q2017 as compared to
QR212.3mn in 1Q2017. EPS amounted to QR0.37 in 1H2017 as
compared to QR0.39 in 1H2016. In 1H2017, net profit
(including tax refund) declined to QR468.6mn from QR489.7mn
in 1H2016, as reduced sales volumes on periodic turnaround in
some of the group companies’ plants were offset by the
increase in selling prices. However, the company noted that
the financial performance significantly exceeded the group’s
budget expectations. The group continued to benefit from the
supply of competitively priced ethane feedstock and fuel gas
under long-term supply agreements. The group’s 1H2017 profit
was also aided by recognition of a tax refund of ~QR42.8mn for
the period. The closing cash position after the first six months
of operations and after distribution of previous years’
dividends of QR716.5mn was a robust QR876.3mn as on June
30, 2017. (QSE, Gulf-Times.com)
 QSE sets the listing of Investment Holding Group on August
14, 2017 – Qatar Stock Exchange (QSE) announced that the
listing of the Investment Holding Group company will be on
August 14, 2017. The decision to list Investment Holding
Group on QSE resulted after the company has fulfilled and
complied with all necessary listing requirements. Investment
Holding Group has a share capital of QR830,000,000 divided
into 83,000,000 for a nominal value of QR10. (QSE)
 QNB Group receives approval to provide UK Home Finance
services to individuals – QNB Group, the largest financial
institution in the Middle East and Africa, has announced that
its London branch received the approvals of the Prudential
Regulation Authority and the Financial Conduct Authority for
its regulated Home Finance license designed to assist affluent
individual customers with buying property in the UK.
(Peninsula Qatar)
 QIBK launches second series of Certificate of Deposit – Qatar
Islamic Bank (QIBK) has announced the launch of its second
series of Certificates of Deposit. The new Certificates of
Deposit will be available for individuals and corporate
customers in Qatari riyal and US dollar for different tenors of
one and two years. Certificates of Deposit are developed to
encourage customers to make long-term saving and get
attractive annual profit based on the certificate’s maturity and
selected currency. Annual profit of QIBK’s Certificates of
Deposit in Qatari riyal is expected to be 3.25% for one year, and
3.75% for two years. As for the Certificates of Deposit in US
dollars, the expected annual profit is 2.50% for one year and
2.75% for two years. The minimum subscription in the
Certificate of Deposit is QR100,000 or $25,000 with no
maximum limit. (Gulf-Times.com)
 MCGS’ net profit declines 17.7% QoQ in 2Q2017 – Medicare
Group's (MCGS) net profit declined 17.7% QoQ to QR14.7mn in
2Q2017 as compared to QR17.9mn in 1Q2017. On YoY basis,
net profit declined 11.1% in 2Q2017. EPS amounted to QR1.16
in 1H2017 as compared to QR1.09 in 1H2016. (QSE)
 MDPS: Qatar's first quarter GDP jumps 14.5% to QR151bn –
According to Ministry of Development Planning and Statistics
(MDPS) report, Qatar's first quarter GDP, at current prices,
jumped 14.5% to QR150.94bn from QR131.79bn in the same
period a year ago. The report said that the quarterly GDP in
1Q2017, at constant 2013 prices (QR197.7bn) shows a growth
of 2.5% compared with 1Q2016 (QR192.97bn). However, the
1Q2017 GDP showed a decrease of 1.5% when compared with
the revised estimate for 4Q2016, of QR200.69bn.The YoY GDP
growth rate for 4Q2016 at constant 2013 prices remained at
1.7% after revision, it said. (Qatar Tribune)
 QNBK: Fall in inventories, stricter compliance to output cut
behind oil recovery – QNBK said a fall in crude oil inventories
and stricter compliance to the output cut deal by producers is
behind the oil price recovery. Oil prices held up for most of the
first half of 2017, averaging $54/bbl up to May following the
agreement at the end of 2016 between OPEC and some major
non-OPEC producers to restrict output. Prices then slumped to
an average of $48/bbl during June and July, mainly due to
concerns about rising production in the US as well as
increasing supply from Nigeria and Libya who were exempt
from the OPEC agreement. However, towards the end of July,
oil prices rebounded, rising 13% from a low of $47/bbl earlier in
the month to $53/bbl at the end of the month. (Gulf-
Times.com)
 DHBK’s CEO: Qatar’s resilience to attract foreign participation
in its diversification – Doha Bank’s (DHBK) CEO, R
Seetharaman said that Qatar’s resilience will attract foreign
participation in its diversification. According to Seetharaman,
Qatar-Singapore trade data was close to $3.1bn. He said
Singapore has emerged as a strategically-important hub for
Qatar’s liquefied natural gas (LNG) exports. He noted that
Keppel Group, a Singapore-based multi-national corporation,
has a joint venture tie-up with Qatar Gas Transport Company.
Qatar’s financial stability is evident and the economic
progression is sustainable. Qatar’s economy is opening up on
account of the current scenario, which will give enormous
opportunities for Singapore companies to participate in Qatar’s
development. (Gulf-Times.com)

4. Page 4 of 7
Qatar Stock Exchange
Top Gainers Top Decliners
Source: Qatar Stock Exchange (QSE) Source: Qatar Stock Exchange (QSE)
Most Active Shares by Value (QR Million) Most Active Shares by Volume (Million)
Source: Qatar Stock Exchange (QSE) Source: Qatar Stock Exchange (QSE)
Investor Trading Percentage to Total Value Traded Net Traded Value by Nationality (QR Million)
Source: Qatar Stock Exchange (QSE) Source: Qatar Stock Exchange (QSE)
14.0%
2.9% 2.4%
0.7% 0.6%
0.0%
6.0%
12.0%
18.0%
Qatar General
Insurance &
Reinsurance
Qatar Cinema &
Film
Distribution
Widam Food Co. Zad Holding Qatari Investors
Group
-5.5%
-4.6%
-3.7% -3.6%
-3.5%
-6.0%
-4.0%
-2.0%
0.0%
Ooredoo QatarNational
Cement
SalamInternational
Investment
IslamicHolding
Group
Al MeeraConsumer
Goods
124.6
115.3
80.5
64.4
55.7
0.0
50.0
100.0
150.0
Vodafone Qatar QNB Group Widam Food Co. Industries Qatar Barwa Real
Estate
13.8
2.0 1.7 1.6 1.3
0.0
5.0
10.0
15.0
Vodafone Qatar Mazaya Qatar Gulf
International
Services
Barwa Real
Estate
United
Development
0%
20%
40%
60%
80%
100%
Buy Sell
60.46%
52.80%
19.27%
20.54%
9.01%
8.24%
11.26%
18.42%
Qatari Individuals Qatari Institutions
Non-Qatari Individuals Non-Qatari Institutions
685
174
630
229
55
(55)
(200) - 200 400 600 800
Qatari
Non-Qatari
Net Investment Total Sold Total Bought

5. Page 5 of 7
TECHNICAL ANALYSIS OF THE QSE INDEX
Source: Bloomberg
The Index closed down by 1.65% from the week before and now at 9,242.82. Weakness was expected but the good news is that the weakness came with
lower traded volumes, which is a good sign. Our first expected resistance is located around the 10,000 mark and the support levels around the 9,000 area.
DEFINITIONS OF KEY TERMS USED IN TECHNICAL ANALYSIS
RSI (Relative Strength Index) indicator – RSI is a momentum oscillator that measures the speed and change of price movements. The RSI oscillates
between 0 to 100. The index is deemed to be overbought once the RSI approaches the 70 level, indicating that a correction is likely. On the other hand, if
the RSI approaches 30, it is an indication that the index may be getting oversold and therefore likely to bounce back.
MACD (Moving Average Convergence Divergence) indicator – The indicator consists of the MACD line and a signal line. The divergence or the
convergence of the MACD line with the signal line indicates the strength in the momentum during the uptrend or downtrend, as the case may be. When
the MACD crosses the signal line from below and trades above it, it gives a positive indication. The reverse is the situation for a bearish trend.
Candlestick chart – A candlestick chart is a price chart that displays the high, low, open, and close for a security. The ‘body’ of the chart is portion
between the open and close price, while the high and low intraday movements form the ‘shadow’. The candlestick may represent any time frame. We use
a one-day candlestick chart (every candlestick represents one trading day) in our analysis.
Doji candlestick pattern – A Doji candlestick is formed when a security's open and close are practically equal. The pattern indicates indecisiveness, and
based on preceding price actions and future confirmation, may indicate a bullish or bearish trend reversal.
Shooting Star/Inverted Hammer candlestick patterns – These candlestick patterns have a small real body (open price and close price are near to each
other), and a long upper shadow (large intraday movement on the upside). The Shooting Star is a bearish reversal pattern that forms after a rally. The
Inverted Hammer looks exactly like a Shooting Star, but forms after a downtrend. Inverted Hammers represent a potential bullish trend reversal.

6. Page 6 of 7
Source: Bloomberg
Company Name
Price August
10
% Change
WTD
% Change
YTD
Market Cap.
QR Million
TTM P/E P/B Div. Yield
Qatar National Bank 136.50 (0.73) (7.83) 126,077 10.0 2.0 2.3
Qatar Islamic Bank 94.90 (2.37) (8.66) 22,424 10.8 1.6 5.0
Commercial Bank of Qatar 30.50 (3.17) (1.46) 12,344 291.8 0.7 N/A
Doha Bank 31.50 (0.94) (6.53) 9,766 10.1 0.9 9.2
Al Ahli Bank 31.50 (0.79) (15.19) 6,311 9.9 1.3 3.0
Qatar International Islamic Bank 56.90 (1.04) (9.39) 8,613 10.7 1.6 7.0
Masraf Al Rayan 41.10 (0.36) 9.31 30,825 15.1 2.5 4.9
Al Khalij Commercial Bank 13.00 (0.76) (23.53) 4,680 11.0 0.7 5.8
Qatar First Bank 7.54 (0.66) (26.80) 1,508 N/A 0.9 N/A
National Leasing 13.81 (2.06) (9.86) 683 N/A 0.7 3.6
Dlala Holding 18.05 (0.55) (16.01) 513 30.6 2.1 N/A
Qatar & Oman Investment 8.51 (1.39) (14.47) 268 24.3 0.9 5.9
Islamic Holding Group 50.50 (3.63) (17.21) 286 74.0 2.1 2.0
Banking and Financial Services 224,299
Zad Holding 75.00 0.67 (15.92) 981 9.8 1.1 6.0
Qatar German Co. for Medical Devices 8.20 0.61 (18.81) 95 N/A 1.3 N/A
Salam International Investment 9.00 (3.74) (18.55) 1,029 12.2 0.6 8.9
Medicare Group 81.20 (3.10) 29.09 2,285 34.0 2.4 2.2
Qatar Cinema & Film Distribution 27.00 2.86 (1.64) 170 64.4 1.3 3.7
Qatar Fuel 108.20 (1.19) (18.89) 10,758 13.2 1.6 5.9
Widam Food Co. 67.50 2.43 (0.74) 1,215 N/A 4.2 5.2
Mannai Corp. 76.90 (0.26) (3.88) 3,508 7.3 1.4 5.2
Al Meera Consumer Goods 152.90 (3.47) (12.88) 3,058 15.4 2.4 5.9
Consumer Goods and Services 23,098
Qatar Industrial Manufacturing 43.50 0.23 (2.25) 2,067 9.9 1.4 6.9
Qatar National Cement 70.50 (4.60) (9.83) 4,607 11.8 1.5 5.2
Industries Qatar 93.40 (2.71) (20.51) 56,507 21.8 1.7 4.3
Qatari Investors Group 47.70 0.63 (18.46) 5,930 21.9 2.3 2.1
Qatar Electricity and Water 193.80 (3.05) (14.63) 21,318 13.7 2.6 3.9
Aamal 11.00 (1.70) (19.30) 6,930 15.5 0.9 5.5
Gulf International Services 20.64 0.15 (33.63) 3,836 N/A 1.1 4.8
Mesaieed Petrochemical Holding 13.16 0.08 (16.71) 16,533 17.0 1.2 4.6
Industrials 117,729
Qatar Insurance 69.70 (0.43) (5.48) 19,328 20.0 2.0 1.9
Doha Insurance 14.02 (0.50) (22.97) 701 8.2 0.7 4.3
Qatar General Insurance & Reinsurance 33.85 13.97 (27.98) 2,962 17.1 0.5 4.4
Al Khaleej Takaful Insurance 16.50 (2.94) (21.80) 421 28.4 0.8 3.6
Qatar Islamic Insurance 58.00 (1.69) 14.62 870 13.6 2.7 6.0
Insurance 24,283
United Development 16.74 (1.53) (18.93) 5,927 10.3 0.6 7.5
Barw a Real Estate 33.80 (1.46) 1.65 13,152 10.0 0.7 7.4
Ezdan Real Estate 12.79 (2.29) (15.35) 33,925 16.5 1.1 3.9
Mazaya Qatar Real Estate Development 10.87 (3.21) (20.68) 1,258 23.7 0.9 N/A
Real Estate 54,264
Ooredoo 92.50 (5.52) (9.14) 29,630 16.2 1.3 3.8
Vodafone Qatar 8.95 (1.65) (4.48) 7,566 N/A 1.6 N/A
Telecoms 37,196
Qatar Navigation (Milaha) 65.20 (0.76) (31.80) 7,467 17.4 0.5 5.4
Gulf Warehousing 47.10 (1.88) (15.89) 2,760 13.2 1.8 3.4
Qatar Gas Transport (Nakilat) 17.70 (1.99) (23.34) 9,806 11.4 1.9 5.6
Transportation 20,034
Qatar Exchange 500,902

7. Contacts
Saugata Sarkar, CFA 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
Mohamed Abo Daff QNB Financial Services Co. W.L.L.
Senior Research Analyst Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6589 PO Box 24025
mohd.abodaff@qnbfs.com.qa Doha, Qatar
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