The QSE Index rose 0.6% to close at 9,741.7.

1. Page 1 of 5
QSE Intra-Day Movement
Qatar Commentary
The QSE Index rose 0.6% to close at 9,741.7. Gains were led by the Insurance and
Transportation indices, gaining 1.7% and 1.4%, respectively. Top gainers were Al Khaleej
Takaful Group and Al Khalij Commercial Bank, rising 3.3% and 2.8%, respectively.
Among the top losers, Al Meera Consumer Goods Co. fell 2.7%, while Vodafone Qatar was
down 2.5%.
GCC Commentary
Saudi Arabia: The TASI Index rose 2.4% to close at 6,647.8. Gains were led by the
Insurance and Transport indices, rising 3.4% and 3.2%, respectively. Tourism
Enterprise Co. rose 10.0%, while Saudi Arabia Refineries Co. was up 9.8%.
Dubai: The DFM Index gained 2.0% to close at 3,262.8. The Telecommunication rose
3.8%, while the Real Estate & Construction index gained 2.3%. Gulf Navigation Holding
rose 13.7%, while Hits Telecom Holding was up 10.0%.
Abu Dhabi: The ADX benchmark index rose 2.6% to close at 4,290.4. The
Telecommunication index gained 3.8%, while the Banks index rose 2.8%. Union
National Bank gained 12.3%, while Al Khazna Insurance Co. was up 11.8%.
Kuwait: The KSE Index rose 0.1% to close at 5,495.6. The Health Care index gained
1.2%, while the Oil & Gas index rose 0.9%. Abyaar Real Estate Development Co. gained
10.5%, while Senergy Holding Co. was up 7.8%.
Oman: The MSM Index rose 0.2% to close at 5,493.8. Gains were led by the Financial
and Industrial indices, rising 0.4% and 0.1%, respectively. Al Hassan Engineering rose
7.6%, while Construction Materials Ind. was up 3.2%.
Bahrain: The BHB Index gained 0.6% to close at 1,168.2. The Commercial Bank index
rose 1.1%, while the Industrial index gained 0.6%. BBK rose 8.3%, while National Bank
of Bahrain was up 0.7%.
QSE Top Gainers Close* 1D% Vol. ‘000 YTD%
Al Khaleej Takaful Group 19.94 3.3 0.7 (34.6)
Al Khalij Commercial Bank 17.70 2.8 12.4 (1.5)
Qatar Gas Transport Co. Ltd. 22.52 2.2 138.7 (3.6)
Qatar Insurance Co. 83.60 2.2 53.9 20.2
Qatar First Bank 10.12 2.1 3,546.8 (32.5)
QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD%
Qatar First Bank 10.12 2.1 3,546.8 (32.5)
Vodafone Qatar 9.50 (2.5) 2,563.6 (25.2)
Barwa Real Estate Co. 29.85 (0.2) 1,106.8 (25.4)
Ezdan Holding Group 14.97 1.8 591.2 (5.8)
Qatar General Ins. & Reinsurance 44.60 0.2 437.6 (4.0)
Market Indicators 16 Nov 16 15 Nov 16 %Chg.
Value Traded (QR mn) 258.2 245.0 5.4
Exch. Market Cap. (QR mn) 526,522.0 523,482.6 0.6
Volume (mn) 10.5 11.1 (5.5)
Number of Transactions 4,453 4,276 4.1
Companies Traded 40 39 2.6
Market Breadth 24:12 15:22 –
Market Indices Close 1D% WTD% YTD% TTM P/E
Total Return 15,761.44 0.6 (2.2) (2.8) 14.1
All Share Index 2,692.59 0.6 (1.9) (3.0) 13.3
Banks 2,735.29 0.5 (1.1) (2.5) 11.8
Industrials 3,002.54 0.7 (1.7) (5.8) 16.7
Transportation 2,403.59 1.4 (0.2) (1.1) 12.3
Real Estate 2,152.03 1.1 (4.4) (7.7) 17.6
Insurance 4,347.52 1.7 (1.4) 7.8 11.3
Telecoms 1,105.23 (2.3) (4.6) 12.0 20.0
Consumer 5,611.44 0.1 (1.6) (6.5) 11.1
Al Rayan Islamic Index 3,590.20 0.2 (2.6) (6.9) 15.6
GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD%
Union National Bank Abu Dhabi 4.48 12.3 9,557.0 (4.3)
Gulf Pharmaceutical Ind. Abu Dhabi 2.25 9.8 380.2 (6.4)
BBK Bahrain 0.36 8.3 75.0 (16.5)
IFA Hotels & Resorts Co. Kuwait 0.15 7.1 0.8 (26.5)
Emaar Economic City Saudi Arabia 16.06 7.1 3,161.9 24.1
GCC Top Losers## Exchange Close# 1D% Vol. ‘000 YTD%
United Arab Bank Abu Dhabi 1.75 (5.4) 1,145.0 (67.5)
Ahli United Bank Kuwait 0.40 (3.6) 120.7 (17.0)
Al Meera Cons. Goods Qatar 161.00 (2.7) 147.3 (26.8)
Vodafone Qatar Qatar 9.50 (2.5) 2,563.6 (25.2)
Aramex Dubai 3.90 (2.3) 662.5 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%
Al Meera Consumer Goods Co. 161.00 (2.7) 147.3 (26.8)
Vodafone Qatar 9.50 (2.5) 2,563.6 (25.2)
Ooredoo 91.30 (2.2) 98.2 21.7
Qatari Investors Group 53.80 (1.6) 19.8 42.7
Doha Insurance Co. 18.70 (1.1) 1.5 (11.0)
QSE Top Value Trades Close* 1D% Val. ‘000 YTD%
Qatar First Bank 10.12 2.1 36,027.4 (32.5)
Barwa Real Estate Co. 29.85 (0.2) 33,278.5 (25.4)
QNB Group 152.00 0.7 32,117.6 4.2
Vodafone Qatar 9.50 (2.5) 24,696.2 (25.2)
Al Meera Consumer Goods Co. 161.00 (2.7) 23,885.7 (26.8)
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* 9,741.71 0.6 (2.2) (4.2) (6.6) 70.91 4,453.0 14.1 1.5 4.2
Dubai 3,262.82 2.1 (0.3) (2.1) 3.5 257.80 85,247.1 10.7 1.2 4.2
Abu Dhabi 4,290.44 2.6 0.2 (0.2) (0.4) 76.42 113,755.3 11.1 1.4 5.7
Saudi Arabia 6,647.75 2.4 1.8 10.6 (3.8) 1,409.67 412,388.9 15.8 1.5 3.5
Kuwait 5,495.63 0.1 0.3 1.8 (2.1) 55.59 83,347.8 18.7 1.0 4.3
Oman 5,493.82 0.2 1.4 0.2 1.6 5.27 22,376.1 10.4 1.1 5.2
Bahrain 1,168.24 0.6 0.6 1.7 (3.9) 1.53 18,187.4 9.6 0.4 4.8
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)
9,650
9,700
9,750
9,800
9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00

2. Page 2 of 5
Qatar Market Commentary
 The QSE Index rose 0.6% to close at 9,741.7. The Insurance and
Transportation indices led the gains. The index rose on the back of buying
support from GCC and non-Qatari shareholders despite selling pressure
from Qatari shareholders.
 Al Khaleej Takaful Group and Al Khalij Commercial Bank were the top
gainers, rising 3.3% and 2.8%, respectively. Among the top losers, Al Meera
Consumer Goods Co. fell 2.7%, while Vodafone Qatar was down 2.5%.
 Volume of shares traded on Wednesday fell by 5.5% to 10.5mn from
11.1mn on Tuesday. However, as compared to the 30-day moving average
of 6.6mn, volume for the day was 58.2% higher. Qatar First Bank and
Vodafone Qatar were the most active stocks, contributing 33.8% and 24.4%
to the total volume, respectively.
Source: Qatar Stock Exchange (* as a % of traded value)
Ratings, Earnings Releases and Global Economic Data
Ratings Updates
Company Agency Market Type* Old Rating New Rating Rating Change Outlook Outlook Change
Bank Muscat S&P Oman
LT-FC-CCR/ST-LC-
CCR
BBB-/A-3 BBB-/A-3 – Negative 
Source: News reports (* LT – Long Term, ST – Short Term, FSR- Financial Strength Rating, FCR – Foreign Currency Rating, LCR – Local Currency Rating, IDR – Issuer Default Rating, SR – Support Rating, LC – Local
Currency, CCR – Counterparty Credit Ratings)
Earnings Releases
Company Market Currency
Revenue (mn)
3Q2016
% Change
YoY
Operating Profit
(mn) 3Q2016
% Change
YoY
Net Profit
(mn) 3Q2016
% Change
YoY
Almadina for Finance & Inv. Co. Kuwait KD – – – – -0.6 N/A
The National Investor Co.* Abu Dhabi AED – – 58.8 10.2% -5.0 N/A
Source: Company data, DFM, ADX, MSM (*6M2016 results)
Global Economic Data
Date Market Source Indicator Period Actual Consensus Previous
11/16 US Mortgage Bankers Association MBA Mortgage Applications November-11 -9.2% – -1.2%
11/16 US Federal Reserve Industrial Production MoM October -0.2% 0.2% 0.1%
11/16 UK Office for National Statist Jobless Claims Change October 5.6k 2.0k 0.7k
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 33.08% 36.82% (9,644,580.41)
Qatari Institutions 15.00% 14.21% 2,051,073.89
Qatari 48.08% 51.03% (7,593,506.52)
GCC Individuals 1.20% 0.82% 973,894.74
GCC Institutions 7.31% 4.83% 6,396,667.01
GCC 8.51% 5.65% 7,370,561.75
Non-Qatari Individuals 19.46% 10.39% 23,433,930.03
Non-Qatari Institutions 23.95% 32.93% (23,210,985.26)
Non-Qatari 43.41% 43.32% 222,944.77

3. Page 3 of 5
News
Qatar
 DHBK plans rights issue to raise capital by 20% – Doha Bank
(DHBK) planning to raise the capital by 20% through a rights issue
by the first half of 2017 in order to meet its strategic business
development requirements. The bank is proposing to issue
51.67mn new shares to existing shareholders. The board’s
proposal will have to be approved by shareholders at an EGM,
which is scheduled to be held in March 2017. Further, the
company has picked banks for a conventional bond issue, banking
sources said. One of the sources said the issue would be in the
region of $300mn to $400mn and that the issue was planned for
the first quarter of 2017. (Gulf-Times.com, Reuters)
 CBQK shareholders approve QR1.5bn rights issue – Commercial
Bank (CBQK) shareholders have approved QR1.5bn rights issue at
their EGM. They approved an increase in total share capital to
QR3.85bn by way of offering 58.8mn new ordinary shares at
QR25.5 per piece, which consists of a nominal value of QR10 per
share and a premium of QR15.50. CBQK shareholders would be
allowed to buy one new share for every 5.5 held. Any remaining
unsubscribed shares will be dealt with by the bank’s board of
directors subject to any required approval of the Commercial
Companies Department at the Ministry of Economy & Commerce
and the Qatar Financial Markets Authority in line with the Trading
in Rights Issue Regulations issued by the QFMA (the QFMA
Regulations) and any other applicable regulations. (Gulf-
Times.com)
 MERS announces resignation of CEO – Al Meera Consumer Goods
Company (MERS) announced that the company's CEO, Mr. Guy
Sauvage has submitted his resignation and the Board of Directors
accepted the resignation request. For the sake of continuity, the
Board has requested the CEO that the notice period shall be
concluded once the General Assembly Meeting of the financial year
of 2016, which is planned to take place in March or April 2017, has
been convened. (QSE)
 MCGS postpones its AGM and EGM to November 22 – Medicare
group (MCGS) announced that due to non-legal quorum during the
Extraordinary General Meeting (EGM) on November 15, 2016,
“The quorum was 51.96 % of the Capital” the company decided to
postpone the meeting to a second meeting set preliminary on
November 22, 2016 at the same venue; and after obtaining the
confirmation of the relevant authorities on the set avenue, time
and date. (QSE)
 IHGS postpones its AGM and EGM to November 22 – Islamic
Holding Group (IHGS) postponed its Extraordinary General
assembly (EGM) & General assembly Meeting (AGM) which not
reached the official quorum on November 15, 2016. The company
will hold its EGM & AGM in the alternative meeting on November
22, 2016 at the same time and place. (QSE)
 QDB eyes angel investors to develop small businesses – Qatar
development bank (QDB) Head of learning Saoud Abdullah al-
Mannai said the company wants to tap angel investors to promote
Qatar’s entrepreneurship culture and help propel the country’s
small and medium-sized enterprise (SME) sector. He said early
this month, the bank hosted an angel investment ‘meet-up’ to link
budding entrepreneurs with potential investors. Al-Mannai said,
“We are also planning to conduct a training program to support
this category, and allow angel investors to push the innovation
wheel and bring entrepreneurs to new territories.” Al-Mannai
stressed that QDB has launched an innovation program that
focuses on startups and young entrepreneurs, whom he described
as “active” in attending training courses and “are known for
devising bold initiatives in the market. The innovation program is
an ongoing initiative that caters to entrepreneurs who want an
innovative business plan, meaning they want to start and
contribute something different in the market.” (Gulf-Times.com)
 Qatar, Switzerland explore ways to enhance economic relations –
Qatar and Switzerland explored ways to enhance bilateral
economic relations between the countries in view of the free trade
agreement (FTA) between the Gulf Cooperation Council (GCC)
countries and EFTA Association, which includes Switzerland,
Norway, Iceland and Liechtenstein. This was disclosed by Qatari
Businessmen Association (QBA) chairman Sheikh Faisal bin
Qassim al-Thani, along with other members, in an interaction with
a Swiss delegation, led by Guillaume Barazzone, mayor of Geneva.
They discussed the potential investment opportunities, especially
considering that the Qatari private sector reached a stage of
maturity and strength that enables it to enhance its investments
into other markets such as Switzerland. (Gulf-Times.com)
International
 US manufacturing sector stabilizing; producer prices tame – US
manufacturing output increased for a second straight month in
October amid gains in the production of motor vehicles and a
range of other goods, suggesting that the battered factory sector
was slowly recovering. Other data showed a moderation in
producer inflation last month. Still, the disinflationary impulse is
ebbing as oil prices rise and the dollar's rally fades, which could
see an increase in price pressures in the coming months. The
Federal Reserve said factory production rose 0.2% last month
after a similar gain in September. Output was supported by a 0.9%
rise in the production of motor vehicles and parts. There were also
increases in the production of primary metals and computers and
electronic products. The report added to a survey early this month
showing a second straight month of expansion in factory activity in
October. Manufacturing accounts for 12% of the US economy. The
sector has suffered a prolonged slump in the aftermath of the
dollar's surge between June 2014 and January 2016, which has
constrained exports. Activity has also been hurt by the collapse in
oil drilling after oil prices plunged. (Reuters)
 EU Commission decides not to suspend EU funds for Spain, Portugal
– The European Commission (EU) said it will not suspend EU
funds for Spain and Portugal 2017 following their breach of EU
budget rules, as it also called for looser fiscal policy across the
Eurozone. The European Union's executive Commission has the
power to impose fines and to suspend EU funds for countries that
run deficits above 3% of their GDP and do not take measures to
correct their excessive gaps. Commission Vice President Valdis
Dombrovskis said, Spain and Portugal were found in breach of EU
fiscal rules last year, but the Commission has concluded there is no
need to sanction them as they have taken sufficient measures to
correct their imbalances. (Reuters)
 British jobless rate hits 11-year low, but warning signs appear –
Britain's unemployment rate unexpectedly fell to its lowest level in
11 years in the first three months after the Brexit vote, official data
showed, but there were signs that a slowdown in the labor market
could be coming. The jobless rate edged down to 4.8% in the July-
September period, compared with a median forecast of 4.9% in a
Reuters poll of economists. The Office for National Statistics said
the increase of 49,000 in the number of people in work was the
slowest since the three months to March, and the number of
people claiming unemployment benefit gathered speed in October.
Britain's economy weathered the initial shock of the Brexit vote
better than the Bank of England and almost all private-sector
economists expected. (Reuters)
 Commerce Ministry: China's retail sales to reach about 48tn Yuan
by 2020 – The country's Commerce Ministry said China's retail
sales would reach about 48tn Yuan ($6.99tn) by 2020, with

4. Page 4 of 5
average annual retail sales growth at 10%. E-commerce trade
volume is also projected to grow at an average annual rate of
about 15% in 2016-2020, according to a five-year plan for the
country's domestic trade posted on the ministry's website. Beijing
has pledged to transform the economy into one more reliant on
consumption than exports, and cut overcapacity in industrial
sectors, amid stubbornly weak external demand. The Commerce
Ministry said that the plan laid out nine "major tasks" to achieve
the growth targets, such as pushing bricks-and-mortar businesses
to transform and innovate, and modernizing traditional sectors
such as agriculture. Domestic consumption will contribute
significantly more to China's economic growth during 2016-2020.
The ministry said China's total retail sales stood at 30.1tn Yuan
($4.38tn) by 2015, with an average growth rate for the 2011-2015
periods at 13.8%. (Reuters)
 Moody's affirms India's rating, says reforms yet to produce results –
Moody's Investors Service on affirmed India's sovereign ratings,
citing economic and institutional reforms under Prime Minister
Narendra Modi, but said the measures have yet to produce enough
dividends to warrant an upgrade. Moody's becomes the second
ratings agency after Standard & Poor's to decline an upgrade to
India's ratings despite government lobbying. Moody's rates India
at "Baa3", the lowest investment-grade rating, but with a
"positive" outlook. The credit agency welcomed economic and
institutional reforms introduced under Modi, saying they "offer a
reasonable expectation that India's growth will outperform that of
its peers over the medium term." However, Moody's said, "The
reform effort to date has not yet achieved the conditions that
would support an upgrade," saying the country still needed to
accelerate private investment in order to reduce the government's
debt burden. (Reuters)
Regional
 Siemens: Middle East to require additional 267GW power
generation capacity by 2030 – Siemens said that the Middle East
will require additional power capacity of 267 gigawatts (GW) by
2030. This will take the region’s capacity to 509GW, from 307GW
now, resulting in an increase of 66%. The next 15 years will also
see 66GW of capacity retired. In its outlook, Siemens maps out the
region’s current power generation scenario, upcoming challenges,
allocation of energy sources and the role digitalization will play in
the future energy mix. To overcome these, power generation needs
to allow for fuel diversity, and to become more affordable, reliable,
highly efficient with lower emissions, and flexible enough to
complement renewables. (Gulf-Times.com)
 KSMC signs new deal with SGBC – King Saud Medical City (KSMC)
has signed a memorandum of understanding with The Saudi Green
Building Council (SGBC) in a project that promotes energy
conservation. This agreement, corresponding to the Kingdom’s
Vision 2030, emphasizes on energy consumption in terms of using
the best methods of practice to support a healthy and eco-friendly
environment. (Bloomberg)
 Dubai October inflation rate rises to 2.7% – The Dubai Statistics
Center released the following October consumer price data for the
Gulf Arab Emirate stating that inflation rose to 2.7% YoY in
October as compared to 2.4% YoY in September. Housing and
utility costs rose 4.5% YoY in October while food and beverage
prices edged up 0.3%. (Reuters)
 EGA's AED11bn project reaches key milestone – Emirates Global
Aluminium's Al Taweelah alumina refinery, an AED11bn new plant
set to be a critical part of the UAE's growing aluminium industry,
reached a significant construction milestone. EGA's Executive Vice-
President Upstream Yousuf Bastaki was joined by Finnish
Ambassador Riitta Swan and Chief Executive Officer of Finland-
headquartered global minerals and metals technology company
Outotec, Markku Teräsvasara to celebrate the 60% completion of
the Calciners section of the project. Overall completion of the
project is currently at 37%. (Bloomberg)
 Abu Dhabi said to mull more bank mergers after NBAD-FGB deal –
Abu Dhabi is considering more mergers to boost its financial
services industry after combining National Bank of Abu Dhabi and
First Gulf Bank. According to sources, the oil-rich Emirate is
weighing a plan to merge Abu Dhabi Commercial Bank and Union
National Bank and also combine Abu Dhabi Islamic Bank with Al-
Hilal Bank. (Gulf-Times.com)
 Oman awards $437mn port project contracts – Oman's Special
Economic Zone Authority at Duqm (Sezad) has signed three
agreements worth OMR169mn ($437mn) for the construction of a
fishing port and the second package of the Duqm Port. This
awarding of contracts comes as part of the government's plan to
make Sezad a major centre for fishery industries in the sultanate.
The first agreement related to the construction of the marine
fishing port was signed with the CEO of Galfar Engineering and
Contracting, Dr Johannes Gustavus Erlings. The second was a
consultancy services agreement for the construction and
supervision of the fishery port at Duqm which was awarded to
Cering International Engineering Consulting Company in
cooperation with AAK. Al Jabri signed the agreement for
OMR60.7mn ($156.9mn) fishery port project with Sering’s Chief
Executive, Sergio Di Maio. (GulfBase.com)
 Moody’s revises Omani banks’ outlook to stable – Moody’s
Investors Service has revised its outlook for Oman’s banking
system to stable from negative. The global rating agency said that
the stable outlook reflects Moody’s expectation that Omani banks’
credit profiles will remain broadly stable over the outlook horizon,
as increased government borrowing and higher hydrocarbon
output will support a level of public spending that will help
stabilize the softened economy. The outlook expresses Moody’s
expectation of how bank creditworthiness will evolve in Oman
over the next 12 to 18 months. Moody’s expects real GDP growth
to slow gradually to 1.7% in 2016 and 2.0% in 2017, from 3.3% in
2015. Subsequently, credit growth will decelerate to an average of
7% to 9% over 2016-2017, from 12% in 2015. (GulfBase.com)
 National Finance, Oman Orix Leasing plan merger – The boards of
National Finance Company and Oman Orix Leasing Company have
jointly decided to appoint an independent consultant to study the
possibility of a merger of both leasing firms. This follows the
recommendation of a joint working group formed by both leasing
firms for a merger. The working group has studied the options for
a strategic collaboration between the two firms and said that the
only viable option for a strategic collaboration between National
Finance and Oman Orix Leasing could be a merger of both
institutions. (GulfBase.com)

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
regulated by the Qatar Financial Markets Authority and the Qatar Exchange QNB SAQ is regulated by the Qatar Central Bank. This publication expresses the views and opinions of QNBFS at a given time
only. It is not an offer, promotion or recommendation to buy or sell securities or other investments, nor is it intended to constitute legal, tax, accounting, or financial advice. QNBFS accepts no liability
whatsoever for any direct or indirect losses arising from use of this report. Any investment decision should depend on the individual circumstances of the investor and be based on specifically engaged
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obtained from sources that QNBFS believes to be reliable, we have not independently verified such information and it may not be accurate or complete. QNBFS does not make any representations or
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Page 5 of 5
Rebased Performance Daily Index Performance
Source: Bloomberg Source: Bloomberg
Source: Bloomberg (#Market closed on November 16, 2016) Source: Bloomberg (*$ adjusted returns)
80.0
100.0
120.0
140.0
160.0
180.0
Oct-12 Oct-13 Oct-14 Oct-15 Oct-16
QSEI ndex S& PPanA r ab S& PGCC
2.4%
0.6%
0.1%
0.6%
0.2%
2.6%
2.1%
0.0%
0.8%
1.6%
2.4%
3.2%
SaudiArabia
Qatar
Kuwait
Bahrain
Oman
AbuDhabi
Dubai
Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%*
Gold/Ounce 1,225.22 (0.3) (0.2) 15.4 MSCI World Index 1,698.41 (0.2) 0.1 2.1
Silver/Ounce 16.98 (0.5) (2.3) 22.5 DJ Industrial 18,868.14 (0.3) 0.1 8.3
Crude Oil (Brent)/Barrel (FM Future) 46.63 (0.7) 4.2 25.1 S&P 500 2,176.94 (0.2) 0.6 6.5
Crude Oil (WTI)/Barrel (FM Future) 45.57 (0.5) 5.0 23.0 NASDAQ 100 5,294.58 0.4 1.1 5.7
Natural Gas (Henry Hub)/MMBtu 2.53 1.7 24.8 9.5 STOXX 600 338.47 (0.5) (1.2) (8.9)
LPG Propane (Arab Gulf)/Ton 51.63 (2.4) (0.5) 31.9 DAX 10,663.87 (1.0) (1.5) (2.7)
LPG Butane (Arab Gulf)/Ton# 69.00 0.0 0.7 20.0 FTSE 100 6,749.72 (0.6) (0.9) (8.7)
Euro 1.07 (0.3) (1.5) (1.6) CAC 40 4,501.14 (1.1) (1.2) (4.4)
Yen 109.08 (0.1) 2.3 (9.3) Nikkei 17,862.21 0.8 0.3 3.7
GBP 1.24 (0.1) (1.2) (15.6) MSCI EM 847.15 0.7 (0.2) 6.7
CHF 1.00 (0.0) (1.4) 0.0 SHANGHAI SE Composite 3,205.06 (0.3) (0.7) (14.5)
AUD 0.75 (1.0) (0.9) 2.7 HANG SENG 22,280.53 (0.2) (1.1) 1.6
USD Index 100.41 0.2 1.4 1.8 BSE SENSEX 26,298.69 (0.4) (2.5) (2.0)
RUB 64.75 0.6 (1.7) (10.7) Bovespa 60,759.32 2.6 1.9 62.0
BRL 0.29 0.4 (0.8) 15.8 RTS 989.68 0.9 2.0 30.7
114.3
99.6
95.8