The QSE Index declined 0.5% to close at 10,316.96

1. Page 1 of 5
QSE Intra-Day Movement
Qatar Commentary
The QSE Index declined 0.5% to close at 10,316.96. Losses were led by the Real Estate
and Banks & Financial Services indices, falling 1.8% and 1.1%, respectively. Top
losers were Ezdan Holding Group and Qatar General Insurance & Reinsurance
Company, falling 3.6% and 3.1%, respectively. Among the top gainers, Qatar
Electricity & Water Co. gained 2.1%, while Qatar National Cement Co. was up 1.8%.
GCC Commentary
Saudi Arabia: The TASI Index rose 1.8% to close at 7,845.0. Gains were led by the
Energy and Insurance indices, rising 3.3% and 2.6%, respectively. Swicorp Wabel
REIT Fund rose 10.0%, while MEFIC REIT Fund was up 9.0%.
Dubai: Market was closed on December 2, 2018.
Abu Dhabi: Market was closed on December 2, 2018.
Kuwait: The Kuwait Main Market Index rose 0.1% to close at 4,734.9. The Consumer
Services and Consumer Goods indices gained 0.3% each. Credit Rating & Collection
gained 7.7%, while Gulf Cement Company was up 7.5%.
Oman: The MSM 30 Index rose 0.1% to close at 4,417.9. Gains were led by the
Industrial and Services indices, rising 0.2% and 0.1%, respectively. Oman
Investment & Finance and Gulf Invest Services Holding were up 2.5% each.
Bahrain: The BHB Index gained 0.2% to close at 1,332.1. The Commercial Banks
index rose 0.5%, while the other indices ended. Khaleeji Commercial Bank rose
4.9%, while Al Salam Bank - Bahrain was up 2.2%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Qatar Electricity & Water Co. 183.74 2.1 0.1 3.2
Qatar National Cement Company 58.01 1.8 12.2 (7.8)
Doha Bank 21.76 1.6 395.0 (23.6)
United Development Company 14.31 1.5 83.4 (0.5)
Ooredoo 80.00 1.3 95.9 (11.8)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Qatar First Bank 4.33 0.9 840.3 (33.7)
Doha Bank 21.76 1.6 395.0 (23.6)
Ezdan Holding Group 12.27 (3.6) 364.0 1.6
Vodafone Qatar 8.19 (1.1) 235.1 2.1
Barwa Real Estate Company 38.60 1.0 165.5 20.6
Market Indicators 02 Dec 18 29 Nov 18 %Chg.
Value Traded (QR mn) 72.2 1,160.1 (93.8)
Exch. Market Cap. (QR mn) 583,783.7 588,404.7 (0.8)
Volume (mn) 3.3 34.3 (90.3)
Number of Transactions 2,244 11,185 (79.9)
Companies Traded 41 43 (4.7)
Market Breadth 16:23 22:18 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 18,177.34 (0.5) (0.5) 27.2 15.3
All Share Index 3,074.78 (0.8) (0.8) 25.4 15.6
Banks 3,817.09 (1.1) (1.1) 42.3 14.3
Industrials 3,261.30 (0.1) (0.1) 24.5 15.5
Transportation 2,105.39 (0.6) (0.6) 19.1 12.2
Real Estate 2,087.43 (1.8) (1.8) 9.0 18.8
Insurance 2,998.05 (0.5) (0.5) (13.8) 17.8
Telecoms 1,047.22 0.4 0.4 (4.7) 42.5
Consumer 6,799.54 0.3 0.3 37.0 13.9
Al Rayan Islamic Index 3,879.67 (0.1) (0.1) 13.4 15.2
GCC Top Gainers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Alinma Bank Saudi Arabia 22.08 6.0 15,978.2 15.4
Yanbu National Petro. Co. Saudi Arabia 68.40 5.2 778.7 16.2
Nat. Shipping Co. Saudi Arabia 34.25 4.4 2,307.6 8.8
Co. for Cooperative Ins. Saudi Arabia 62.50 4.3 416.8 (33.8)
Arab National Bank Saudi Arabia 31.00 4.0 417.0 25.5
GCC Top Losers
##
Exchange Close
#
1D% Vol. ‘000 YTD%
Al Hamm. Dev. & Inv. Co Saudi Arabia 24.60 (2.8) 2,130.3 (33.7)
The Commercial Bank Qatar 41.30 (2.1) 42.3 42.9
National Mobile Telecom. Kuwait 0.71 (1.8) 0.5 (34.3)
Boubyan Petrochem. Co. Kuwait 1.01 (1.8) 344.6 50.7
Qatar Islamic Bank Qatar 149.5 (1.6) 16.7 54.1
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%
Ezdan Holding Group 12.27 (3.6) 364.0 1.6
Qatar General Ins. & Reins. Co. 44.00 (3.1) 0.1 (10.2)
Salam International Inv. Ltd. 4.47 (2.2) 34.0 (35.1)
The Commercial Bank 41.30 (2.1) 42.3 42.9
Ahli Bank 29.50 (1.7) 0.5 (20.6)
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Doha Bank 21.76 1.6 8,561.7 (23.6)
Ooredoo 80.00 1.3 7,615.6 (11.8)
Industries Qatar 134.32 (0.9) 6,726.9 38.5
Barwa Real Estate Company 38.60 1.0 6,409.2 20.6
Qatar Fuel Company 167.50 0.9 4,839.0 64.1
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* 10,316.96 (0.5) (0.5) (0.5) 21.0 19.77 160,365.4 15.3 1.5 4.2
Dubai#
2,668.66 (0.6) (3.1) (4.2) (20.8) 118.40 96,843.3 9.0 1.0 6.6
Abu Dhabi#
4,770.08 (2.3) (4.3) (2.7) 8.4 312.47 130,767.3 12.9 1.4 5.1
Saudi Arabia 7,845.02 1.8 1.8 1.8 8.6 858.35 494,700.1 16.9 1.8 3.5
Kuwait 4,734.87 0.1 0.1 0.1 (1.9) 37.12 32,375.3 16.7 0.9 4.4
Oman 4,417.92 0.1 0.1 0.1 (13.4) 4.14 19,197.3 10.4 0.8 5.9
Bahrain 1,332.07 0.2 0.2 0.2 0.0 1.77 20,295.3 9.0 0.8 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;
#
Data as of November 29, 2018)
10,300
10,320
10,340
10,360
10,380
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 0.5% to close at 10,316.96. The Real Estate and
Banks & Financial Services indices led the losses. The index fell on the
back of selling pressure from Qatari and non-Qatari shareholders despite
buying support from GCC shareholders.
 Ezdan Holding Group and Qatar General Insurance & Reinsurance
Company were the top losers, falling 3.6% and 3.1%, respectively.
Among the top gainers, Qatar Electricity & Water Company gained
2.1%, while Qatar National Cement Company was up 1.8%.
 Volume of shares traded on Sunday fell by 90.3% to 3.3mn from 34.3mn
on Thursday. Further, as compared to the 30-day moving average of
6.7mn, volume for the day was 50.3% lower. Qatar First Bank and Doha
Bank were the most active stocks, contributing 25.1% and 11.8% to the
total volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
News
Qatar
 QCB not to interfere in local banks' merger talks – The Qatar
Central Bank (QCB) will not “interfere” in the negotiations
between local banks for their possible merger, QCB’s Governor,
Sheikh Abdulla bin Saoud said. “Once the proposal is submitted
to QCB, we will examine its merits and demerits. In any chance,
QCB will not interfere in their negotiations; banks have to sign
a MoU based on our corporate governance standards, and have
to come out with a feasible proposal. The proposal also have to
be subjected to detailed legal and financial due diligence,”
Sheikh Abdulla said. (Gulf-Times.com)
 QCB ‘continuously strengthens’ regulatory, supervisory
systems to ensure financial resilience – The Qatar Central Bank
(QCB) has been “continuously strengthening” the regulatory
and supervisory systems to ensure that the “financial system
remains resilient” enough to address global financial risks and
unforeseen challenges, QCB’s Governor, Sheikh Abdullah bin
Saoud Al-Thani said. Moreover, he said “frequent and various
stress tests” are undertaken to assess the ability of the banking
sector to withstand various stress scenarios. “Our monetary
policy stance though largely responds to the policy rate moves
of the US Federal Reserve, gives due considerations to evolving
domestic economic conditions and tries to ensure enough
systemic liquidity that is consistent with the real economy,”
Sheikh Abdullah said in the context of the upcoming
Euromoney Qatar Conference in Doha on December 9 and 10.
Unconventional measures and coordinated macro-prudential
policy initiatives taken by central banks and other authorities
have so far supported the global economic growth and in
particular the global financial system, he noted. However,
downside risks from the heightened tensions related to global
trade and investment are causing shadows of risk. Upturns in
global interest rate is another major area of concern. This may
lead to increase in the cost of borrowing, and in turn, the
profitability, if not addressed proactively, he said. (Gulf-
Times.com)
 Qatar’s population crosses 2.75mn to reach all-time high –
Qatar’s population reached a new all-time high of more than
2.75mn people at the end of November, official statistics
showed. The population increased by 13,505 people, or around
0.5%, to 2,757,437 as of November 30 from the 2,743,932 people
recorded at the end of October. The latest data also reveal that
Qatar’s female population has crossed the 700,000-mark for the
first time. The female population was 703,862 at the end of
November, an increase of 0.7% from the October figure of
698,945. (Gulf-Times.com)
 Court judgment issued against BRES by the Supreme Court –
Barwa Real Estate Company (BRES) announced the issuance of
a judgment by the Supreme Court in Qatar regarding the
objection no. 423/2018 filed by BRES against Panceltica for
Ready Made Buildings Company ‘Under Liquidation’. The
outcome of the said judgment is that BRES is committed to pay
Panceltica for Ready Made Buildings Company ‘Under
Liquidation’ an amount of QR153,056,303.64, as well as
expenses. The facts of the court case subject of the Supreme
Court judgment refer to a dispute regarding a construction
contract between BRES and Panceltica for Ready Made
Buildings Company ‘Under Liquidation’. The dispute related to
BRES’ project in Meseimeer and Al Sailiya areas, where both
parties exchanged filing cases against each other during 2009
and 2010, a matter which ended with the issuance of the
mentioned Supreme Court judgment. By issuance of the said
Supreme Court judgment, the judged amount became final. It is
expected to pay such amount in cash and additionally it will
affect the statement of profit or loss of the company for the
fourth quarter of 2018, in the amount of QR133mn as expenses
(QSE)
 Doha Bank included in FTSE4Good Emerging Index – Doha
Bank has been selected in the FTSE4Good Emerging Index. The
selection highlights Doha Bank’s continued leadership in
environmental, social and governance (ESG) performance, the
bank said. The FTSE4Good Index Series is a series of benchmark
and tradable indexes for ESG (Environmental, Social and
Governance) investors, which was launched in 2001. The
FTSE4Good criteria are applied to the FTSE Emerging Indexes,
which covers over 20 emerging countries. Doha Bank was rated
above the threshold for companies in emerging markets, as well
as that of developed markets, by FTSE Russell. The bank was
selected among 134 financial services companies from
emerging markets, including China, Brazil, South Africa and
GCC. (Peninsula Qatar)
Overall Activity Buy %* Sell %* Net (QR)
Qatari Individuals 41.07% 44.81% (2,698,551.57)
Qatari Institutions 12.18% 9.46% 1,966,325.06
Qatari 53.25% 54.27% (732,226.51)
GCC Individuals 1.89% 0.81% 780,291.03
GCC Institutions 7.59% 7.38% 151,467.25
GCC 9.48% 8.19% 931,758.28
Non-Qatari Individuals 16.42% 15.72% 505,895.08
Non-Qatari Institutions 20.84% 21.82% (705,426.85)
Non-Qatari 37.26% 37.54% (199,531.77)

3. Page 3 of 5
 MRDS announces liquidation of ‘Retention Bond’ – Mazaya Real
Estate Development (MRDS) has applied for the liquidation of
the ‘Retention Bond’ on the main contractor of the Sidra
residential compound project amounting to QR60mn. (QSE)
 Qamco legally incorporated; to be listed on QSE by December 10
– Qatar Aluminium Manufacturing Company (Qamco) has been
legally incorporated and it is slated to be listed on the Qatar
Stock Exchange (QSE) by December 10. In view of the
incorporation of Qamco, which recently witnessed 2.5 times
oversubscription to its QR2.73bn Initial Public Offering (IPO), a
constituent general assembly meeting was held. (Gulf-
Times.com)
 WOQOD opens new petrol station at Wholesale Market – Qatar
Fuel Company (WOQOD) opened a new petrol station at
Wholesale Market, raising its network of various petrol stations
to 80. The new petrol station will offer services to residents
round-the-clock, and it includes Sidra convenience store, sale of
LPG cylinders, in addition to sale of gasoline and diesel products
for light vehicles. (Peninsula Qatar)
 QDB gets over 13,000 applications for Al Furjan Markets Project
Phase 1 – Qatar Development Bank (QDB) has received 13,266
applications for Phase 1 of its Al Furjan Markets Project since it
has opened it to public registration from October 21 to
November 19. QDB stated it will host a raffle award ceremony
on December 11, which will be dedicated to a number of
successful applications received by QDB. QDB assured the
integrity, fairness, and transparency of the raffle draw, which
will be a fully-automated process and will be supervised by an
international audit firm under the supervision of a committee
composed of QDB members and other governmental
stakeholders. (Gulf-Times.com)
 Ooredoo announces date to pay principal and profits to Sukuk
holders – Ooredoo announced that Ooredoo Tamweel Limited
(OTL), its wholly owned subsidiary, pursuant to the terms and
conditions of the Notes and the Final Terms, will pay its Note
holders $1,250,000,000.00 towards principal and $18,993,750.00
towards periodic payment on the final periodic payment date
falling due on December 3, 2018. (QSE)
International
 UK’s manufacturers head for sharp Brexit slowdown in 2019 –
British manufacturers are heading into their slowest year of
growth since 2015 as Brexit uncertainty hits foreign demand
and businesses brace for potential shortages of raw materials,
their trade association forecast. EEF predicts factory output
growth will fall to 0.3% next year from an estimated 1.1% in
2018. Previously, the association had forecast a slowdown to
0.5% growth in 2019 from 0.9% in 2018. EEF’s CEO, Stephen
Phipson said, “The moderation in manufacturing performance
over the course of this year appears to have gathered pace
during the final quarter with more clouds on the horizon than
there have been for some time.” (Reuters)
 Japan’s November factory activity expands at weakest pace
since Aug 2017 – Japanese manufacturing activity expanded in
November at the slowest pace in more than a year, as growth in
new orders slowed, a revised survey showed on Monday in a
worrying sign that economic growth may be subdued in the
fourth quarter. The final Markit/Nikkei Japan Manufacturing
Purchasing Managers’ Index (PMI) was 52.2 on a seasonally-
adjusted basis, up from a flash reading of 51.8 but below
October’s final 52.9. The index remained above the 50 threshold
that separates contraction from expansion for the 27th
consecutive month but reached the lowest level since August
2017, when it also was 52.2. For November, the PMI’s final
index for new orders was 50.9, compared with the preliminary
reading of 49.6 and a final 52.6 in the previous month. (Reuters)
 Japan's corporate investment slows sharply, raises doubt about
outlook – Japanese corporate capital expenditure rose for an
eighth consecutive quarter during July-September but the pace
of gains slowed sharply, raising doubts about the strength of
business activity amid global trade frictions. Ministry of
Finance (MOF) data showed capital expenditure grew 4.5%
during July-September from the same period last year, led by
chemicals, production machinery, information and
communications. It slowed from 12.8% gain in the previous
quarter. Excluding software, capital expenditure fell 4.0% in
July-September from the previous quarter on a seasonally-
adjusted basis, down for the first time in five quarters. (Reuters)
Regional
 COMCEC: Islamic finance sector asset size at $2.05tn – The
asset size of the Islamic finance sector has grown 8.3% in 2017.
The industry’s total assets size is estimated at $2.05tn now,
which was $1.88tn in 2016, a document released on the
sidelines of the just-concluded Standing Committee for
Economic and Commercial Cooperation of the Organization of
the Islamic Cooperation (COMCEC) has revealed. The global
Islamic banking assets represented 75.97% of the industry’s
total assets, while the Sukuk market, Islamic funds and Takaful
market represented 19.51%, 3.25% and 1.27% of the Islamic
finance industry, respectively, in 2017. The document noted the
total Global Sukuk issuances amounted to $92bn in 2017, which
was driven by large sovereign issuances from the GCC region, of
23% compared with 2016. The top three markets for the Sukuk
issuances in terms of volume were Malaysia (37.9%), Saudi
Arabia (33.1%) and Indonesia (6.1%) in 2017. (Peninsula Qatar)
 S&P: GCC plays key role in Middle East and Africa’s fiscal
stability – GCC countries have been playing a key role in the
fiscal stability of many Middle East and Africa (MEA) region
nations, with direct and indirect economic support, according to
a recent report from rating agency, Standard & Poor’s (S&P).
GCC support to countries in the region comes in the form of aid
or non-commercial lending. According to S&P, these
sovereigns’ access to bilateral non-commercial financing
generally lowers that country’s cost of financing and benefits
its debt profile. (GulfBase.com)
 6Wresearch: GCC’s chocolate market set for over 12% growth
in five years – The chocolate market in the GCC region is poised
for solid growth over the next five years, registering CAGR of
more than 12% during 2018-23, a report by 6Wresearch stated.
Growing demand for premium chocolate products, increasing
consumption of chocolate confectionery among young
population and companies expanding the brand portfolio of
chocolate confectionery is expected to drive the GCC chocolate
market. (GulfBase.com)
 OPEC’s President optimistic about OPEC+ to reach deal to cut
output – Technical teams are working on level of cuts necessary
and reference baseline for reduction, according to OPEC’s

4. Page 4 of 5
President and UAE’s Energy Minister, Suhail Al Mazroeui. The
President said, “I am optimistic that we will reach a good
solution and a good agreement to adjust production downward,
to cut production, to ensure that we keep the market stability
and keep the OPEC and non-OPEC together as well. I don’t
comment on the price. We are not targeting a price, we are
targeting market stability.” (Bloomberg)
 Saudi Electricity Company signs $2.15bn credit facility – Saudi
Electricity Company signed a revolving credit facility
agreement with eight international banks for a maximum of
$2.15bn. The facility is divided into two tranches: the first with
a maximum of $1.578bn, which will mature after three years,
and the second with a maximum of $573mn that will mature
after five years, according to Saudi Press Agency’s report. Saudi
Electricity Company’s Acting CEO, Fahd Al-Sudairy said, ''Saudi
Electricity Company is the largest electricity service facility in
the Middle East and North Africa region and one of the world's
largest service facilities. It has managed to obtain funding
without any guarantees from the company, stressing that the
funding aims to spend on the company's public works." The
major international banks include First Abu Dhabi Bank,
Mizuho Bank, MUFG Bank, Standard Chartered Bank, Mitsui
Sumitomo foundation, HSBC Bank - Middle East, Hong Kong
and Shanghai Banking Corporation Limited, JPMorgan Chase,
and Natixis Bank. (GulfBase.com)
 Saudi Arabia’s finance ministry says it completed October
Sukuk issuance – Saudi Arabia completed its October Sukuk
issuance. The issuance size was set at SR3.25bn, according to
the finance ministry. The first tranche, which matures in 2023,
was for SR2.33bn. The second, which matures in 2025, was for
SR360mn and third, which matures in 2028, was for SR560mn.
(Bloomberg)
 Saudi Arabia’s CMA approves Lazard’s request to manage
investment funds – Saudi Arabia’s Capital Market Authority
(CMA) approved Lazard Saudi Arabia Company’s (Lazard)
request to manage investment funds. The approval allows
Lazard to manage private non-equity real estate investment
funds and sophisticated investor portfolios. (Bloomberg)
 S&P: Abu Dhabi’s economic growth set for steady rise – An S&P
Global Ratings’ (S&P) report stated, “There is a ‘Stable’ outlook
for Abu Dhabi’s economy, with growth set to steadily recover to
hit 3% in 2021”. The ratings agency affirmed its ‘AA/A-1+’
sovereign credit rating for the Emirate, stating that the
government’s net asset position will shield it against almost all
possible external shocks. “The ‘Stable’ outlook on Abu Dhabi
reflects our expectation that economic growth will steadily
recover and that the country’s fiscal position will remain strong
over the next two years, although structural and institutional
weaknesses will likely persist. We could consider raising our
ratings on Abu Dhabi if we observed pronounced improvements
in data transparency, including on fiscal assets and external
data, alongside further progress in institutional reforms.
Furthermore, measures to improve the effectiveness of
monetary policy in Abu Dhabi, such as developing domestic
capital markets, could also be positive for the ratings over
time,” S&P stated. The ratings agency stated that it expects
Abu Dhabi’s economic growth to average at 2.3% between this
year and 2021, after a 0.5% contraction last year due to an
agreement to cut oil output. (GulfBase.com)
 Banks implemented new CBK loan guidelines since mid-
November – Banks in Kuwait started mid-November to
implement the new Central Bank of Kuwait (CBK) instructions
on rules and foundations for granting loans and personal
finance operations, which lifted the cap ceiling of the consumer
loan from 15 times the net monthly salary to 25 times and a
maximum of $82,500. The new CBK instructions on the
maximum limits of the housing loan (previously fixed) were
kept at $231,000. The total amount that the customer can
obtain from loans or Islamic financing is $313,000 instead of
$28,000. While the new instructions came in the context of the
CBK keenness on regular reviews (updating) of issued
guidelines, the latest in 2004, the bank stated in a statement.
(GulfBase.com)
 Oman should prioritize energy transition policies – Oman,
which has tripled its domestic natural gas consumption over
the last decade, should prioritize strategies for reducing the
national demand for power rather than investing in delivering
new energy supplies to meet the country’s soaring call on
energy, a Gulf Intelligence survey of 200 Omani energy
executives and officials reported. There is a two-part solution to
the Sultanate’s energy transition challenge. The first is
reducing emissions stemming from energy supply by increasing
the share of zero-carbon energy into the supply mix, such as
wind and solar. Oman’s total domestic use of natural gas tripled
from 381,519mn standard cubic feet in 2008 to 1,447,422mn
standard cubic feet in 2017. The country’s semi-arid
environment, reliance on air- conditioning, rising standard of
living, growth in energy-intensive industrialization, population
growth, introduction of new households, and infrastructure
investments are factors behind the dramatic increase in
domestic demand for energy. (GulfBase.com)
 Omani oil minister says he believes there is consensus for
output cuts – Oman’s Energy Minister, Mohammed bin Hamad
al-Rumhy said that he believed there was a consensus among
OPEC oil producers that oil output should be cut. Asked if he
thinks there is a consensus for a cut, he told reporters, “I think
so, yes. We enjoyed the benefits of cuts.” He added Oman was
ready to join any cuts decided by OPEC and its allies next week.
(Reuters)
 Bapco signs up Innovate Tax as VAT services partner – Bahrain
Petroleum Company (Bapco), the national oil company of
Bahrain, has appointed Innovate Tax as its preferred partner to
provide automated VAT determination services. The news
comes as the Bahraini Government edges closer towards the
January launch of the new VAT regime; following other GCC
states such as Saudi Arabia and the UAE that have already
implemented it. (GulfBase.com)

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
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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
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Page 5 of 5
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg, (
#
Data as on November 29, 2018)
Source: Bloomberg Source: Bloomberg (*$ adjusted returns)
45.0
70.0
95.0
120.0
Nov-14 Nov-15 Nov-16 Nov-17 Nov-18
QSE Index S&P Pan Arab S&P GCC
1.8%
(0.5%)
0.1% 0.2% 0.1%
(2.3%)
(0.6%)
(3.0%)
(2.0%)
(1.0%)
0.0%
1.0%
2.0%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi#
Dubai#
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,222.50 (0.1) (0.1) (6.2) MSCI World Index 2,041.36 0.3 3.4 (3.0)
Silver/Ounce 14.18 (0.9) (0.7) (16.3) DJ Industrial 25,538.46 0.8 5.2 3.3
Crude Oil (Brent)/Barrel (FM Future) 58.71 (1.3) (0.2) (12.2) S&P 500 2,760.17 0.8 4.8 3.2
Crude Oil (WTI)/Barrel (FM Future) 50.93 (1.0) 1.0 (15.7) NASDAQ 100 7,330.54 0.8 5.6 6.2
Natural Gas (Henry Hub)/MMBtu 4.61 2.4 (1.9) 30.2 STOXX 600 357.49 (0.7) 0.8 (13.5)
LPG Propane (Arab Gulf)/Ton 68.50 (2.1) (6.0) (29.9) DAX 11,257.24 (0.9) 0.4 (18.0)
LPG Butane (Arab Gulf)/Ton 64.75 (3.0) (17.4) (38.7) FTSE 100 6,980.24 (1.0) (0.0) (14.4)
Euro 1.13 (0.7) (0.2) (5.7) CAC 40 5,003.92 (0.6) 1.0 (11.3)
Yen 113.57 0.1 0.5 0.8 Nikkei 22,351.06 0.2 2.6 (2.7)
GBP 1.27 (0.3) (0.5) (5.7) MSCI EM 994.72 (0.3) 2.6 (14.1)
CHF 1.00 (0.3) (0.1) (2.4) SHANGHAI SE Composite 2,588.19 0.6 0.2 (26.8)
AUD 0.73 (0.2) 1.0 (6.4) HANG SENG 26,506.75 0.2 2.2 (11.5)
USD Index 97.27 0.5 0.4 5.6 BSE SENSEX 36,194.30 0.1 5.3 (2.7)
RUB 66.98 1.1 1.1 16.2 Bovespa 89,504.03 (0.4) 2.4 0.1
BRL 0.26 (0.4) (1.0) (14.3) RTS 1,126.14 (1.3) 1.1 (2.5)
82.7
79.3
76.4