The Qatar Stock Exchange (QSE) Index increased by 69.51 points or 0.68% during the trading week to close at 10,259.07

1. `
Page 1 of 7
Market Review and Outlook QSE Index and Volume
The Qatar Stock Exchange (QSE) Index increased by 69.51 points
or 0.68% during the trading week to close at 10,259.07. Market
capitalization moved up by 1.4% to QR574.8 billion (bn) versus
QR566.9bn the previous trading week. Of the 46 listed companies,
25 companies ended the week higher, while 21 declined and none
remained unchanged. Ezdan Holding (ERES) was the best
performing stock for the week with a gain of 13.8% on a trading
volume of 10.6 million (mn) shares. On the other hand, Qatar
Cinema & Film Distribution Co. (QCFS) was the worst performing
stock for the week with a decline of 9.2% on 34.7k (thousand)
shares traded.
Qatar Islamic Bank (QIBK), QNB Group (QNBK) and Industries
Qatar (IQCD) were the primary contributors to the weekly index
gain. QIBK was the biggest contributor to the index’s weekly
increase, adding 63.9 points to the index. QNBK was the second
biggest contributor to the mentioned gain, contributing 27.1 points
to the index. Moreover, IQCD tacked on 17.1 points to the index.
Trading value during the week decreased by 7.8% to QR1.28bn
versus QR1.39bn in the prior week. The Banks & Financial Services
sector led the trading value during the week, accounting for 33.4%
of the total trading value. The Industrials sector was the second
biggest contributor to the overall trading value, accounting for
22.8% of the total. QNBK was the top value traded stock during the
week with total traded value of QR171.6mn.
Trading volume increased by 13.1% to reach 72.43mn shares
versus 63.97mn shares in the prior week. The number of
transactions decreased by 0.71% to 29,322 transactions versus
29,533 transactionsinthepriorweek.TheRealEstatesector led the
trading volume, accounting for 33.3%, followed by the Banks &
Financial Services sector which accounted for 27.3% of the overall
trading volume. Qatar First Bank (QFBQ) was the top volume
traded stock during the week with 13.2mn shares.
Foreign institutions remained bullish with net buying of
QR118.4mn vs. net buying of QR21.7mn in the prior week. Qatari
institutions turned negative with net selling of QR79.3mn vs. net
buying of QR28.2mn in the week before. Foreign retail investors
turned positive with net buying of QR6.7mn vs. net selling of
QR3.2mninthepriorweek.Qatariretailinvestorsremainedbearish
with net selling of QR45.9mn vs. net selling of QR46.8mn the week
before. Foreign institutions have bought (net basis) ~$663mn
worth of Qatari equities in 2019.
Market Indicators
Week ended
April 11, 2019
Week ended
April 04, 2019
Chg. %
Value Traded (QR mn) 1,285.3 1,393.9 (7.8)
Exch. Market Cap. (QR mn) 574,844.3 566,915.5 1.4
Volume (mn) 72.4 64.0 13.1
Number of Transactions 29,322 29,533 (0.7)
Companies Traded 46 46 0.0
Market Breadth 25:21 24:22 –
Market Indices Close WTD% MTD% YTD%
Total Return 18,877.56 0.7 1.5 4.0
ALL Share Index 3,129.66 1.8 1.7 1.6
Banks and Financial Services 3,864.14 2.1 1.5 0.9
Industrials 3,330.25 0.0 0.4 3.6
Transportation 2,415.82 (2.1) 3.2 17.3
Real Estate 1,965.33 8.0 4.1 (10.1)
Insurance 3,330.51 (2.9) 4.3 10.7
Telecoms 941.20 1.5 0.1 (4.7)
Consumer Goods & Services 7,915.69 (0.1) 1.0 17.2
Al Rayan Islamic Index 4,092.87 0.9 1.8 5.4
Market Indices
Weekly Index Performance
Regional Indices Close WTD% MTD% YTD%
Weekly Exchange
Traded Value ($ mn)
Exchange Mkt.
Cap. ($ mn)
TTM
P/E**
P/B** Dividend Yield
Qatar (QSE)* 10,259.07 0.7 1.5 (0.4) 351.45 157,852.3 14.2 1.5 4.3
Dubai 2,790.16 0.5 5.9 10.3 302.17 99,626.2#
10.0 1.0 4.9
Abu Dhabi 5,052.34 0.4 (0.4) 2.8 246.03 139,773.2 14.2 1.4 4.8
Saudi Arabia#
9,077.20 0.1 2.9 16.0 4,182.10 570,583.5 20.5 2.0 3.1
Kuwait 5,013.25 1.1 2.0 5.8 662.86 34,286.8 15.0 0.9 4.0
Oman#
3,983.79 1.1 0.0 (7.9) 28.93 17,359.0 8.4 0.8 6.9
Bahrain 1,438.48 1.4 1.8 7.6 53.45 22,118.7 9.5 0.9 5.8
Source: Bloomberg, country exchanges and Zawya (** Trailing Twelve Months; * Value traded ($ mn) do not include special trades, if any; #Data as of April 10, 2019)
10,192.19
10,226.68
10,217.92
10,236.22
10,259.07
0
10,000,000
20,000,000
10,100
10,200
10,300
7-Apr 8-Apr 9-Apr 10-Apr 11-Apr
Volume QSE Index
1.4%
1.1% 1.1%
0.7%
0.5% 0.4%
0.1%
(0.5%)
0.0%
0.5%
1.0%
1.5%
2.0%
Bahrain
Kuwait
Oman
Qatar(QSE)*
Dubai
AbuDhabi
SaudiArabia

2. Page 2 of 7
News
Economic & Market News
 QFMA: QSE announces to enforce stock split from June 9 – Qatar
Financial Markets Authority (QFMA) announced that the
enforcement date of the decision of stock split of the companies
listed at Qatar Stock Exchange (QSE) is on June 9, 2019, so that
the nominal value of a share inall listed companies shall become
one Riyal per share. The same decision shall apply to
investment funds’ units listed in QSE. QFMA stated in a
statement issued that the decision of the stock split shall be
enforced during the period of June 9 to July 7, 2019, in a
scheduled manner in coordination with QSE, Qatar Central
Securities Depository (QCSD) and other concerned parties.
QFMA confirmed that a detailed schedule, of the stock split date
of each of the listed companies subject to stock splitting, shall
be published later on the websites of the QSE and QCSD. QSE
listed companies held extraordinary meetings of their general
assemblies, in parallel with their ordinary annual meetings, in
order to amend their articles of association in preparation for the
decision’s enforcement. QFMA, in coordination with QSE, QCSD
and the financial services companies, has held several
workshops and coordination meetings to equip the existing
systems and rules with the required through task forces formed
to coordinate and prepare for the splitting process. In addition
to that, QFMA organized last October a workshop on stock split,
at the end of the second Corporate Governance Conference, and
invited listed companies and all related parties to enhance
awareness about the stock split processes. (Peninsula Qatar)
 QNB Group’s net profit rises 4% YoY to QAR3.6 billion in
1Q2019 – QNB Group, one of the leading banks in the Middle
East, Africa and Southeast Asia (MEASEA) region, announced
its results for the three months ended 31 March 2019. For the
three months ended 31 March 2019, net profit reached QAR3.6
billion, up by 4% compared to previous year, despite the impact
of the Turkish Lira devaluation. Operating Income increased by
2.5% to QAR6.2 billion. This reflects QNB Group’s success in
maintaining sustainable income growth across a range of
revenue sources. Total assets increased to QAR882 billion, upby
6% from March 2018. The key driver of total assets growth was
from loans and advances which grew by 5% to reach QAR623
billion. This was mainly funded by customer deposits which
increased by 5% to reach QAR634 billion as at 31 March 2019.
The growth of the Group assets and liabilities has been partly
affected by the devaluation in the Turkish Lira. The underlying
growth in Group assets and customer deposits was negatively
impacted by 1.6% and 1.4%, respectively. Despite the above, its
strong asset liability management capabilities helped QNB
Group to improve its loans to deposits ratio to 98.3% as at 31
March 2019. The Group maintained robust cost controls which
helped QNB Group to improve the efficiency ratio (cost to
income ratio) to 25.9%, from 27.8% last year, which is
considered one of the best ratios among large financial
institutions in the MEA region. The ratio of non-performing
loans to gross loans amounted to 1.9% as at 31 March 2019, a
level considered one of the lowest amongst financial
institutions in the MEA region, reflecting the high quality of the
Group’s loan book and the effective management of credit risk.
The Group’s conservative policy in regard to provisioning
resulted in the coverage ratio of 106% as at 31 March 2019. Total
Equity reached QAR86 billion, up by 21% from March 2018.
Group Capital Adequacy Ratio (CAR) as at 31 March 2019
amounted to 18.5%, higher than the regulatory minimum
requirements of the Qatar Central Bank and Basel Committee.
QNB Group’s solid financial strength is supported by top tier
credit ratings that continue to attract institutional, corporate
and individual customers to bank with QNB Group, and for
investors and markets to believe in the Group’s strong financial
position and strategy. QNB Group remains the highest-rated
bank in Qatar and one of the highest-rated banks in the world
with ratings of ‘Aa3’ from Moody’s, ‘A’ from S&P and ‘A+’ from
Fitch. During the first quarter of 2019, QNB Group successfully
closed the syndication of its EUR2.0 billion three year senior
unsecured term loan facility which is a testament to QNB
Group’s strong credit profile. The Group also announced the
successful completion of a US$1.0 billion bond issuance under
its Euro Medium Term Note (EMTN) Program in the
international capital markets, maturing in 5 years with an
attractive fixed rate coupon of 3.5% per annum. These
issuances attracted strong interest around the world by key
global investors, reflecting investors’ confidence in QNB
Group’s financial strength and its position as the largest
financial institution in the Middle East and Africa region. QNB
Group serves a customer base of 24 million supported by 30,000
staff resources operating from more than 1,100 locations and
4,400 ATMs. (QNB Group Press Release)
 ERES to hold its EGM on May 12 to nullify going from public into
a private company – Ezdan Holding Group’s (ERES) board of
directors is gratified to convene the shareholders to attend the
Extraordinary General Meeting (EGM) scheduled on May 12,
2019. In case of lack of quorum, the assembly will be slated for
May 15, 2019. Matters on the agenda of the EGM to discuss the
request of one of the shareholders, Tadawul Trading Group, to
waive the previous EGM’s the decision issued on May 24, 2017
concerning the initial approval of going from a public joint stock
company to a private joint stock company. (QSE)
 ABQK to disclose 1Q2019 financial statements on April 18 – Ahli
Bank (ABQK) announced its intent to disclose 1Q2019 financial
statements for the period ending March 31, 2019, on April 18,
2019. (QSE)
 GWCS to disclose 1Q2019 financial statements on April 21 –
Gulf Warehousing Company (GWCS) announced its intent to
disclose 1Q2019 financial statements for the period ending
March 31, 2019, on April 21, 2019. (QSE)
 MERS to disclose 1Q2019 financial statements on April 28 – Al
Meera Consumer Goods Company (MERS) announced its intent
to disclose 1Q2019 financial statements for the period ending
March 31, 2019, on April 28, 2019. (QSE)
 QGTS to disclose 1Q2019 financial statements on April 21 –
Qatar Gas Transport Company Ltd. (QGTS) announced its intent
to disclose 1Q2019 financial statements for the period ending
March 31, 2019, on April 21, 2019. (QSE)

3. Page 3 of 7
 KCBK to disclose 1Q2019 financial statements on April 29 – Al
Khalij Commercial Bank (KCBK) announced its intent to
disclose 1Q2019 financial statements for the period ending
March 31, 2019, on April 29, 2019. (QSE)
 QISI to disclose 1Q2019 financial statements on April 21 – Qatar
Islamic Insurance Company (QISI) announced its intent to
disclose 1Q2019 financial statements for the period ended
March 31, 2019, on April 21, 2019. (QSE)
 QCFS to disclose 1Q2019 financial statements on April 25 –
Qatar Cinema & Film Distribution Company (QCFS) announced
its intent to disclose 1Q2019 financial statements for the period
ended March 31, 2019, on April 25, 2019. (QSE)
 QIMD to disclose 1Q2019 financial statements on April 24 –
Qatar Industrial Manufacturing Company (QIMD) announced
its intent to disclose 1Q2019 financial statements for the period
ended March 31, 2019, on April 24, 2019. (QSE)
 QOIS to disclose 1Q2019 financial statements on April 29 –
Qatar Oman Investment Company (QOIS) announced its intent
to disclose 1Q2019 financial statements for the period ended
March 31, 2019, on April 29, 2019. (QSE)
 MCCS to disclose 1Q2019 financial statements on April 29 –
Mannai Corporation (MCCS) announced its intent to disclose
1Q2019 financial statements for the period ended March 31,
2019, on April 29, 2019. (QSE)
 QNCD to disclose 1Q2019 financial statements on April 16 –
Qatar National Cement Company (QNCD) announced its intent
to disclose 1Q2019 financial statements
 QIIK to disclose 1Q2019 financial statements on April 21 – Qatar
International Islamic Bank (QIIK) announced its intent to
disclose 1Q2019 financial statements for the period ended
March 31, 2019, on April 21, 2019. (QSE)
 QFLS to disclose 1Q2019 financial statements on April 28 –
Qatar Fuel Company (QFLS) announced its intent to disclose
1Q2019 financial statements for the period ended March 31,
2019, on April 28, 2019. (QSE)
 QGRI to disclose 1Q2019 financial statements on April 29 –
Qatar General Insurance & Reinsurance Company (QGRI)
announced its intent to disclose 1Q2019 financial statements
for the period ended March 31, 2019, on April 29, 2019. (QSE)
 AKHI to disclose 1Q2019 financial statements on April 29 – Al
Khaleej Takaful Insurance Company (AKHI) announced its
intent to disclose 1Q2019 financial statements for the period
ended March 31, 2019, on April 29, 2019. (QSE)
 IGRD to disclose 1Q2019 financial statements on April 28 –
Investment Holding Group (IGRD) announced its intent to
disclose 1Q2019 financial statements for the period ended
March 31, 2019, on April 28, 2019. (QSE)
 OBG: Qatari banks well-positioned to benefit from economic
expansion – Demonstrating its resilience in the face of the
economic blockade, Qatar’s banking sector has stabilized over
the course of 2018 and is well-positioned to benefit from an
anticipated economic expansion, Oxford Business Group (OBG)
stated in its latest report. According to OBG’s Qatar 2019 report,
confidence in the industry is also shared by participants of a
survey. More than 90% of respondents to the ‘Risk Perception
Survey’ conducted by Qatar Central Bank (QCB) in 2018 stated
that their confidence in the sector’s financial stability had
increased from the previous year. “The industry’s focus has
therefore returned to the growth prospects associated with
economic development and, in the shorter term, the momentum
generated by the 2022 FIFA World Cup,” the report stated.
Forecasting a positive outlook for the country’s banking sector,
the report stated, “Qatar’s banks have overcome the effects of
the economic blockade without any significant deterioration in
financial stability indicators and with their profitability intact.”
Citing credit rating agency Moody’s report, OBG stated it
anticipates that profitability of banks in Qatar will remain
stable over 2019, after the sector showed a return on assets of
approximately 1.6% in 2018. Qatari lenders, the report stated,
are well positioned to take advantage of the anticipated
expansion of the country’s economy. (Qatar Tribune)
 Government support to PPPs, private sector to attract billions in
investments – Qatar’s governance and support mechanism that
encourages Public-Private Partnership (PPP) and facilitates
private sector involvement in various infrastructure projects, is
expected to attract billions in direct investments into the
country, according to HE the Minister of Commerce and
Industry, Ali bin Ahmed Al-Kuwari. Several initiatives, which
are designed to attract investments in essential projects in
Qatar, have already been implemented, he said. These, the
Minister told the Oxford Business Group, are expected to attract
billions in direct investments, in the process turning Qatar into
a regional center for logistics services and encouraging the
private sector to participate effectively in industrial activities.
On the role of the government versus that of the private sector
in driving growth, Al-Kuwari said, “Over the past few years
Qatar’s government has gradually narrowed the scope of its
intervention while enhancing the participation of the private
sector in the delivery of high-quality services. Qatar is
developing a holistic public-private partnership (PPP)
framework. We are also in the process of drafting a PPP law in
line with international best practices. This will help the private
sector to participate in profitable projects while ensuring their
delivery at a considerably reduced cost to the government
through a set of risk-sharing and cost-containment
arrangements.” (Gulf-Times.com)
 UDCD launches final sales phase of Al Mutahidah Towers –
United Development Company (UDCD) has launched the fourth
and final phase of sales at Al Mutahidah Towers – Viva Bahriya
28, its luxurious project in the relaxed beachfront precinct of
Viva Bahriya. The development, which consists of high-end
connected towers offering 480 accommodation units of various
dimensions including studios, lofts, and townhouses, as well as
high-level penthouses, features panoramic sea views and direct
access to the beach. Comprising 480 apartments, the project has
attracted strong interest from visitors and investors as
evidenced by the successful conclusion of the third sales phase
in record time following the completion of the construction of Al
Mutahidah Towers’ connecting bridge. The most complex
structure of the project, the connecting bridge is a unique
feature among towers at The Pearl-Qatar. (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)
13.8%
12.7%
10.5%
8.4%
7.9%
0.0%
5.0%
10.0%
15.0%
Ezdan Holding
Group
Qatar First Bank Salam
International
Inv. Ltd.
Al Khaleej
Takaful
Insurance Co.
Mazaya Qatar
Real Estate Dev.
-9.2%
-6.1%
-5.4%
-4.9%
-4.4%
-12.0%
-8.0%
-4.0%
0.0%
Qatar Cinema &
FilmDistribution Co.
Mesaieed
Petrochemical
HoldingCo.
Islamic Holding
Group
The Group Islamic
Insurance Co.
Qatar Gas Transport
Co. Ltd.
171.6
118.2
86.9
75.9 71.9
0.0
60.0
120.0
180.0
QNB Group Ezdan Holding
Group
Industries Qatar United
Development
Company
Qatar Islamic
Bank
13.2
10.6
7.4
6.4
5.4
0.0
5.0
10.0
15.0
Qatar First
Bank
EzdanHolding
Group
MazayaQatar
RealEstate Dev.
Aamal
Company
Vodafone Qatar
0%
20%
40%
60%
80%
100%
Buy Sell
41.87% 45.44%
18.89%
25.06%
13.38%
12.86%
25.86%
16.64%
Qatari Individuals Qatari Institutions
Non-Qatari Individuals Non-Qatari Institutions
781
504
906
379
(125)
125
(200) - 200 400 600 800 1,000
Qatari
Non-Qatari
Net Investment Total Sold Total Bought

5. Page 5 of 7
TECHNICAL ANALYSIS OF THE QSE INDEX
Source: Bloomberg
The QE Index managed to close marginally up for another week, this time by 0.68% from the week before, and closed at 10,259.07. We
remain on the view of the corrective side of the Index as we wait for opportunities of possible reversals. We keep our weekly support level
at the 9,250 level and our resistance at the 10,400 level.
DEFINITIONS OF KEY TERMS USED IN TECHNICAL ANALYSIS
RSI (Relative Strength Index) indicator – RSI is a momentum oscillator that measures the speedand 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.
ShootingStar/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 April 11
% Change
WTD
% Change
YTD
Market Cap.
QR Million
TTM P/E P/B Div. Yield
Qatar National Bank 180.00 1.69 (7.69) 166,256 12.7 2.6 3.3
Qatar Islamic Bank 164.05 5.56 7.93 38,764 15.2 2.5 3.0
Commercial Bank of Qatar 45.98 (0.26) 16.73 18,609 13.1 1.2 3.3
Doha Bank 21.40 (0.88) (3.60) 6,635 10.9 0.8 4.7
Al Ahli Bank 29.89 5.58 17.43 6,916 10.4 1.3 3.0
Qatar International Islamic Bank 71.10 (0.42) 7.53 10,762 13.0 1.8 5.6
Masraf Al Rayan 36.37 1.31 (12.74) 27,278 12.8 2.1 5.5
Al Khaliji Bank 12.00 4.17 3.99 4,320 7.8 0.8 6.3
Qatar First Bank 4.87 12.73 19.36 974 N/A 1.0 N/A
National Leasing 8.38 2.44 (4.66) 415 55.3 0.6 6.0
Dlala Holding 10.47 1.16 4.70 298 N/A 1.4 N/A
Qatar & Oman Investment 5.79 3.95 8.43 182 39.7 0.6 5.2
Islamic Holding Group 23.79 (5.41) 8.88 135 321.1 1.0 N/A
Banking and Financial Services 281,543
Zad Holding 149.70 3.23 43.94 2,154 17.0 2.3 3.9
Qatar German Co. for Medical Devices 5.79 1.40 2.30 67 N/A 1.6 N/A
Salam International Investment 4.83 10.53 11.55 552 N/A 0.5 N/A
Medicare Group 64.67 2.63 2.49 1,820 21.5 1.8 2.8
Qatar Cinema & Film Distribution 18.00 (9.23) (5.36) 113 13.3 0.8 8.2
Qatar Fuel 201.00 (0.25) 21.09 19,985 17.2 2.5 4.0
Qatar Meat and Livestock 61.37 (2.43) (12.33) 1,105 10.2 3.0 7.3
Mannai Corp. 45.21 (3.27) (17.73) 2,062 5.1 0.8 4.4
Al Meera Consumer Goods 146.50 (1.35) (1.01) 2,930 16.1 2.1 5.8
Consumer Goods and Services 30,788
Qatar Industrial Manufacturing 38.70 (0.77) (9.37) 1,839 9.2 1.1 6.5
Qatar National Cement 72.65 (1.81) 22.10 4,748 13.7 1.5 6.9
Industries Qatar 124.83 1.23 (6.57) 75,522 15.0 2.1 4.8
Qatari Investors Group 25.04 1.75 (9.96) 3,113 15.1 1.1 3.0
Qatar Electricity and Water 171.00 (0.04) (7.57) 18,810 12.2 1.8 4.5
Aamal 10.15 3.57 14.82 6,395 14.4 0.8 5.9
Gulf International Services 15.25 (2.06) (10.29) 2,834 N/A 0.8 N/A
Mesaieed Petrochemical Holding 20.75 (6.11) 38.06 26,069 18.8 1.7 3.9
Invesment Holding Group 5.33 1.52 9.00 442 7.6 0.6 4.7
Qatar Aluminum Manufacturing 11.13 (1.42) (16.63) 6,211 N/A N/A N/A
Industrials 145,982
Qatar Insurance 38.60 (3.21) 7.52 12,310 22.0 1.6 3.9
Doha Insurance 11.80 (0.51) (9.85) 590 9.8 0.6 6.8
Qatar General Insurance & Reinsurance 42.00 (2.33) (6.42) 3,675 15.1 0.6 5.2
Al Khaleej Takaful Insurance 14.96 8.41 74.16 382 18.7 0.7 3.3
Qatar Islamic Insurance 56.00 (4.88) 4.26 840 13.3 2.3 6.3
Insurance 17,797
United Development 14.69 3.16 (0.41) 5,202 10.4 0.5 6.8
Barw a Real Estate 35.20 (1.12) (11.80) 13,697 7.2 0.7 7.1
Ezdan Real Estate 11.02 13.84 (15.10) 29,231 65.3 0.9 N/A
Mazaya Qatar Real Estate Development 8.87 7.91 13.72 1,027 62.0 0.7 N/A
Real Estate 49,156
Ooredoo 65.40 1.08 (12.80) 20,949 13.4 0.9 3.8
Vodafone Qatar 7.83 2.22 0.26 6,619 56.5 1.4 3.2
Telecoms 27,568
Qatar Navigation (Milaha) 66.62 0.71 0.92 7,630 14.6 0.5 4.5
Gulf Warehousing 45.99 1.08 19.55 2,695 11.4 1.6 4.1
Qatar Gas Transport (Nakilat) 21.09 (4.35) 17.62 11,684 13.1 1.7 4.8
Transportation 22,009
Qatar Exchange 574,844

7. 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
Mehmet Aksoy, PhD QNB Financial Services Co. W.L.L.
Senior Research Analyst Contact Center: (+974) 4476 6666
Tel: (+974) 4476 6589 PO Box 24025
mehmet.aksoy@qnbfs.com.qa Doha, Qatar
Disclaimer and Copyright Notice: This publication has been prepared by QNB Financial Services Co. W.L.L. (“QNB FS”) a wholly-owned subsidiary of Qatar National Bank (Q.P.S.C.). QNB FS is
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