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1 QSE Intra-Day Movement 9,950 9,900 9,850 9,800 9,750 9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00 Qatar Commentary The QSE Index declined 0.2% to close at 9, Losses were led by the Industrials and Banks & Financial Services indices, falling 0.2% each. Top losers were Al Meera Consumer Goods Company and Mazaya Qatar Real Estate Development, falling 1.9% and 1.7%, respectively. Among the top gainers, Mannai Corporation gained 5.1%, while Doha Insurance Group was up 3.2%. GCC Commentary Saudi Arabia: The TASI Index fell 0.2% to close at 8, Losses were led by the Food & Staples Retailing and Media indices, falling 1.7% and 1.1%, respectively. Mediterranean & Gulf. fell 5.0%, while United Electronics Co. was down 3.7%. Dubai: The DFM General Index gained 0.5% to close at 2, The Transportation index rose 0.9%, while the Real Estate & Const. index gained 0.6%. Dubai Islamic Insurance and Reins. Co. rose 4.2%, while Gulf General Investments was up 2.6%. Abu Dhabi: The ADX General Index rose 0.1% to close at 4, The Consumer Staples index gained 3.3%, while the Real Estate index rose 0.4%. Abu Dhabi Aviation Co. gained 5.4%, while Ras Al Khaimah Ceramics Co. was up 5.3%. Kuwait: The Kuwait Main market Index declined 0.3% to close at 4, The Consumer Goods index declined 1.2%, while the Basic Materials index fell 0.9%. Al Mudon Intl. Real Estate fell 10.3%, while Arzan Financial Group. was down 7.8%. Oman: The MSM 30 Index rose 0.5% to close at 4, Gains were led by the Financial and Services indices, rising 0.8% and 0.2%, respectively. Alizz Islamic Bank rose 6.0%, while Ooredoo was up 2.3%. Bahrain: The BHB Index fell 0.4% to close at 1, The Commercial Banks index declined 0.7%, while the Service index fell 0.4%. Khaleeji Commercial Bank declined 8.4%, while Ithmaar Holding was down 4.8%. QSE Top Gainers Close* 1D% Vol. 000 YTD% Mannai Corporation (11.6) Doha Insurance Group (0.8) Ezdan Holding Group (19.2) Al Khaleej Takaful Insurance Co (22.7) Qatar Islamic Insurance Company (3.6) Market Indicators 29 Aug Aug 18 %Chg. Value Traded (QR mn) Exch. Market Cap. (QR mn) 541, , Volume (mn) Number of Transactions 3,119 3,695 (15.6) Companies Traded (4.5) Market Breadth 13:23 27:13 Market Indices Close 1D% WTD% YTD% TTM P/E Total Return 17, (0.2) All Share Index 2, Banks 3, (0.2) Industrials 3, (0.2) Transportation 2, (0.1) Real Estate 1, (6.8) 15.1 Insurance 3, (10.4) 29.1 Telecoms 1, (6.0) 40.5 Consumer 6, Al Rayan Islamic Index 3, (0.5) GCC Top Gainers ## Exchange Close # 1D% Vol. 000 YTD% Saudi Arabian Fertilizer Saudi Arabia Ooredoo Oman Oman (0.4) Nat. Shipping Company. Saudi Arabia ,332.5 (0.6) Phoenix Power Co. Oman (15.9) Mobile Telecom. Co. Kuwait , GCC Top Losers ## Exchange Close # 1D% Vol. 000 YTD% Al Ahli Bank of Kuwait Kuwait 0.28 (3.7) (2.1) Burgan Bank Kuwait 0.25 (3.1) 4,958.4 (14.5) Co. for Cooperative Ins. Saudi Arabia (2.2) (44.0) Boubyan Petrochem. Co. Kuwait 0.98 (1.7) 1, Mobile Telecom. Co. Saudi Arabia 6.03 (1.6) 1,810.1 (17.5) 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% Al Meera Consumer Goods Co (1.9) Mazaya Qatar Real Estate Dev (1.7) (23.1) Salam International Inv. Ltd (1.6) (26.6) Gulf International Services (1.4) 68.2 (1.7) Qatar Oman Investment Co (1.3) 2.6 (23.8) QSE Top Volume Trades Close* 1D% Vol. 000 YTD% Qatar Gas Transport Company Ltd , Mazaya Qatar Real Estate Dev (1.7) (23.1) Ezdan Holding Group (19.2) Vodafone Qatar Masraf Al Rayan (0.8) (0.2) Regional Indices Close 1D% WTD% MTD% YTD% QSE Top Value Trades Close* 1D% Val. 000 YTD% QNB Group , Industries Qatar , Qatar Gas Transport Co. Ltd , Al Meera Consumer Goods Co (1.9) 14, Masraf Al Rayan (0.8) 13,801.2 (0.2) Source: Bloomberg (* in QR) Exch. Val. Traded ($ mn) Exchange Mkt. Cap. ($ mn) P/E** P/B** Dividend Yield Qatar* 9, (0.2) , Dubai 2, (4.2) (16.0) , Abu Dhabi 4, , Saudi Arabia 8, (0.2) 1.9 (3.3) , Kuwait 4, (0.3) (0.7) (1.5) , Oman 4, (13.1) , Bahrain 1, (0.4) (0.5) (1.2) , Source: Bloomberg, Qatar Stock Exchange, Tadawul, Muscat Securities Market and Dubai Financial Market (** TTM; * Value traded ($ mn) do not include special trades, if any) Page 1 of 6

2 Qatar Market Commentary The QSE Index declined 0.2% to close at 9, The Industrials and Banks & Financial Services indices led the losses. The index fell on the back of selling pressure from Qatari and GCC shareholders despite buying support from non-qatari shareholders. Al Meera Consumer Goods Company and Mazaya Qatar Real Estate Development were the top losers, falling 1.9% and 1.7%, respectively. Among the top gainers, Mannai Corporation gained 5.1%, while Doha Insurance Group was up 3.2%. Volume of shares traded on Wednesday rose by 26.3% to 7.1mn from 5.6mn on Tuesday. Further, as compared to the 30-day moving average of 6.5mn, volume for the day was 9.4% higher. Qatar Gas Transport Company Limited and Mazaya Qatar Real Estate Development were the most active stocks, contributing 25.6% and 13% to the total volume, respectively. Overall Activity Buy %* Sell %* Net (QR) Qatari Individuals 19.95% 25.35% (11,771,465.71) Qatari Institutions 18.60% 28.84% (22,337,316.71) Qatari 38.55% 54.19% (34,108,782.42) GCC Individuals 0.47% 0.23% 526, GCC Institutions 1.30% 2.15% (1,850,618.50) GCC 1.77% 2.38% (1,324,208.27) Non-Qatari Individuals 8.42% 7.35% 2,329, Non-Qatari Institutions 51.25% 36.08% 33,103, Non-Qatari 59.67% 43.43% 35,432, Source: Qatar Stock Exchange (* as a % of traded value) Global Economic Data Date Market Source Indicator Period Actual Consensus Previous 08/29 US Mortgage Bankers Association MBA Mortgage Applications 24-August -1.7% 4.2% 08/29 US Bureau of Economic Analysis GDP Annualized QoQ 2Q % 4.0% 4.1% 08/29 US Bureau of Economic Analysis GDP Price Index 2Q % 3.0% 3.0% 08/29 US Department of Labor Initial Jobless Claims 25-August 212k 210k 08/29 US Department of Labor Continuing Claims 18-August 1,725k 1,727k 08/29 UK Bank of England Mortgage Approvals July 65.0k 65.6k 08/29 EU European Commission Economic Confidence August /29 EU European Commission Business Climate Indicator August /29 EU European Commission Industrial Confidence August /29 EU European Commission Services Confidence August /29 EU European Commission Consumer Confidence August /29 Germany GfK AG GfK Consumer Confidence September /29 Germany German Federal Statistical Office CPI MoM August 0.1% 0.3% 08/29 Germany German Federal Statistical Office CPI YoY August 2.0% 2.0% 08/29 France INSEE Consumer Spending MoM July 0.1% 0.3% 0.3% 08/29 France INSEE Consumer Spending YoY July 0.2% 0.2% 0.5% 08/29 France INSEE GDP QoQ 2Q % 0.2% 0.2% 08/29 France INSEE GDP YoY 2Q % 1.7% 1.7% 08/29 Japan ESRI Consumer Confidence Index August Source: Bloomberg (s.a. = seasonally adjusted; n.s.a. = non-seasonally adjusted; w.d.a. = working day adjusted) Page 2 of 6

3 News Qatar QIMD s stake in Qatar Plastic Products Company capital rises to 66.66% Qatar Industrial Manufacturing Company (QIMD) announced the completion of the acquisition of the foreign partner s stake in Qatar Plastic Products Company amounted to 33.33%, raising its share in the company s capital to 66.66%. QIMD s Chief Executive Officer, Abdulrahman Al Ansari said that the completion of the acquisition reclassified the investment in Qatar Plastic Products Company to a subsidiary rather than an associate, QNA reported. The transaction was financed by a local bank with the guarantee of investment returns with a medium-term loan under very competitive terms, he added. (Peninsula Qatar) Doha Insurance Group discloses the relation with the Gulf Warranties Company - Qatar branch Doha Insurance Group disclosed the relation with the Gulf Warranties Company Qatar, which includes nature of the business relationship, recent developments and impact on Doha Insurance Group s financial statements. The specific disclosures include, among others, the following: Gulf Warranties LLC, a UAE-based company headquartered in Dubai, wholly owned by Arab Insurance Group (ARIG) operates branches outside of the UAE spread across the GCC, which include Kuwait, Oman, Bahrain, and Qatar, in addition to Jordan. Doha Insurance Group obtained approval from the Qatar Central Bank, allowing Gulf Warranties to operate in the Qatari market under the umbrella of Doha Insurance Group, and to subsequently provide insurance services covering car breakdowns, roadside assistance, and replacement vehicles. Doha Insurance Group retains 2.5% of the total annual insurance premiums and is paid a 5% commission for all new business. Gulf Warranties Home Office in Dubai advised that they are in the process of appointing Deloitte as an independent auditor to perform a Forensic Audit on the Gulf Warranties Qatar branch's operations and accounts, to identify the financial and administrative irregularities, and to isolate premiums that have not been reported to Gulf Warranties home office. They also disclosed that they may take legal action against the former Director of the branch (currently suspended) and other associated staff, if necessary, to recover the amounts to be identified. Further, on August 16, 2018, Arab Insurance Group (ARIG) announced in its semi-annual financial results ending June 30, 2018, that it had incurred a net loss of approximately $22mn, mostly to be allocated toward $21mn in provisions taken to address potential losses that may arise from the alleged fraud committed by the Gulf Warranties staff. Furthermore, it must be noted that the disclosure made by Gulf Warranties does not specify which branches of the company were affected by the alleged fraud, nor does it indicate whether the Qatar branch is among those affected, or what is the exposure to each branch. In light of the current information and developments at the Gulf Warranties branch in Qatar, Doha Insurance Group believes that there is no impact on the financial statements of Doha Insurance Group, and therefore, on the current or future share price, given that the annual premiums earned by the Gulf Warranties branch in Qatar in 2017 was close to QR6mn, while the annual premiums earned by Doha Insurance Group in 2017 exceeded QR580mn. A meeting between Doha Insurance Group, ARIG, Gulf Warranties Home Office, and all regional branches of Gulf Warranties will be held as soon as possible to consider ways to resolve outstanding matters and potential problems. Finally, Doha Insurance Group stated that it has taken necessary precautionary measures at present to ensure the smooth functioning of the Gulf Warranties Branch in Qatar, including the active supervision and direct control over its business operations. (QSE) Qatar banks private sector deposits rise to QR350.8bn The total domestic private sector deposits at Qatar banks has increased by about QR7.9bn to QR350.8bn by the end of July The combined domestic loans and credit facilities provided by banks to the local private sector rose by QR4bn to QR503.4bn. Of this, QR148.5bn was provided for the real estate sector, up QR0.5bn from the previous month. The Group analysts reading of Qatar banks consolidated balance sheet for the month of July found that individuals consumer loans stood at QR128.7bn during the month, down by QR0.2bn from the month of June. As the credit facilities for the services sector rose by QR4.4bn to QR92.7bn the credit to trade slipped by QR0.1bn to reach QR70.4bn. The loans and facilities to the nonbanking financial sector amounted to QR13.9bn. (Peninsula Qatar) Al-Shaibei: Qatar s banking sector 'very stable' and on solid footing Qatar s banking sector is now very stable and on a solid footing thanks to the Qatar Central Bank s (QCB) prudent policies, said prominent Qatari banker and CEO of Qatar International Islamic Bank, Abdulbasit Ahmad Al-Shaibei. Whenever the Dollar rates go up, the QCB will have to consider increasing their rates, because the Riyal is pegged to the Dollar. QCB is ensuring there is no big gap between Dollar and Riyal rates and is properly tracking the Dollar rates, Al-Shaibei said. Al-Shaibei said a careful look at the balance sheet of Qatari banks will show that the costs of the funds are going up because of the increasing Dollar rates. But in Qatar, QCB is managing the situation very well. And that s why we find stability in our banking market, Al-Shaibei said. Overall, he said, There is an increasing confidence in our economy, because of our stability, and the well-managed economy. Postblockade, the QCB has taken several measures to ensure that our banking sector is not adversely affected. Collectively, various ministries, departments and government agencies worked together to ensure that our economy functions well. (Gulf-Times.com) Growing trend seen in app development in Qatar, says expert Qatar has witnessed a growing trend in local app development among startups and other companies in Qatar, according to an entrepreneur involved in the Ministry of Transport and Communications (MoTC) Digital Transformation of SMEs workshop series. Mufeed Ahmed, who led a workshop at the Katara Art Center inside Katara the Cultural Village, said that in the past two years, as many as nine apps had been developed to cater to Qatar s growing grocery delivery service. The trend, Ahmed said, showed that there is a requirement for this type of service, and that people are getting more involved into using local apps for everyday use. This is on the consumer level, and there are some online companies that had shifted their services Page 3 of 6

4 to an app. Six or seven years ago they had an events section but now they have an events app. (Gulf-Times.com) Economic diversification drive yields August results Qatar has achieved significant progress in its efforts to diversify the economy in the past five years. The contribution of non-oil sectors in the country s economy has increased sharply by 23% during period, showing that the economy is now less dependent on the hydrocarbon sector. The share of non-oil sectors in the country s nominal GDP (Gross Domestic Product) has risen from 44.3% in 2013 to 67.3% in 2017, according to Qatar Central Bank data. Qatar s nominal GDP reached QR610bn in 2017 in which the share of the non-oil sectors was QR410.38bn. Five years back, in 2013, the share of non-oil sector was QR320.34bn. Qatar s march towards a more diversified economy shows that the country is moving in the right direction. One of the main aims of the Qatar National Vision 2030 is to diversify Qatar s economy and reduce the dependence of the economy on hydrocarbon industries. (Peninsula Qatar) Kahramaa builds precast substation Qatar General Electricity and Water Corporation (Kahramaa) has built a model power substation from precast concrete in a record time by using the state of the art modern construction technology. This achievement comes within Kahramaa s endeavour to accelerate the development of the completion as per the highest quality, stated a release. Kahramaa s Electricity Networks Affairs are using modern construction techniques to reduce substation construction period. It managed to construct a distribution substation in 35 days using the precast concrete instead of 90 days by the transitions ways. (Peninsula Qatar) Vodafone Qatar connects the first customer in the country to 5G Vodafone Qatar marked the connection of its first enterprise customer - Gulf Bridge International (GBI) - to its 5G network in Qatar Science and Technology Park. Diego Camberos, Chief Operating Officer at Vodafone Qatar presented a 5G customer premises equipment (CPE) to GBI s management that will provide GBI with broadband access at speeds that exceed 1Gbps with a user experience that s real-time and uninterrupted. 5G connectivity using the CPE, equipment, which is manufactured on a very limited scale worldwide, is available where Vodafone Qatar s 5G network is deployed. (QSE) International US second-quarter GDP growth raised to 4.2% US economic growth was a bit stronger than initially thought in the second quarter, notching its best performance in nearly four years and putting the economy on track to hit the Trump administration s goal of 3% annual growth. GDP increased at a 4.2% annualized rate, the Commerce Department said in its second estimate of GDP growth for the April-June quarter. That was slightly up from the 4.1% pace of expansion reported in July and was the fastest rate since the third quarter of 2014.The economy grew at a 2.2% pace in the January-March period. The slight upward revision to growth last quarter reflected more business spending on software than previously estimated and less imported petroleum. (Reuters) US pending home sales fall in July amid supply constraints Contracts to buy previously owned homes fell in July, continuing a general trend in recent months that reflects a lack of supply in the market. The National Association of Realtors (NAR) said its Pending Home Sales Index, based on contracts signed last month, decreased 0.7% to in July. Economists polled by Reuters expected an increase of 0.3%. Pending home contracts become sales after a month or two, and recent declines in the NAR index have reflected generally tight supply. Contracts for existing homes fell 2.3% last month on an annualized basis, the seventh such monthly drop. Lawrence Yun, NAR s chief economist, said the decline reflected both supply constraints and a strong job market that is bidding up prices. (Reuters) GfK survey: German consumer morale dips again The mood among the German shoppers dipped for the second month in a row heading into September as income expectations fell, a survey showed, casting doubt on the strength of a consumerled upswing. Household expenditure was one of the main growth drivers in Europe s largest economy in the first half of 2018, together with state spending and investments in construction. The GfK research institute said its consumer sentiment indicator, based on a survey of around 2,000 Germans, fell to 10.5 from 10.6 a month earlier. Analysts polled by Reuters had forecast an unchanged reading. (Reuters) Stronger Japanese retail sales point to consumer sector momentum Japan s retail sales rose for a ninth straight month in July from a year earlier, handily beating economists forecasts, in a sign private consumption is supporting growth in the world s third largest economy. The 1.5% YoY increase in retail sales in July was more than a median market forecast for a 1.2% annual increase, trade ministry data showed. It followed a 1.7% gain in June. Consumer spending is picking up moderately with wage growth spreading as labor shortages in an aging population forces companies to increase pay to secure workers. A rise in private consumption, which makes up about 60% of economic activity, could lift consumer prices, which would help the central bank accelerate inflation to its elusive 2% target. The Bank of Japan at its policy meeting last month conceded inflation could fall short of its elusive 2% target until early July s retail sales were partly supported by rising gasoline prices. Gains were also helped by online retailers and items such as medicines and cosmetics, while a heat wave in the month supported sales of food and beverages. (Reuters) Japan downgrades view on exports for the first time in three years Japan downgraded its assessment of exports for the first time in three years amid growing concern that a trade war between the US and China will disrupt global supply chains and export demand. Japan s government also offered a more pessimistic assessment of consumer prices as inflationary pressure fails to build, and official pressure on companies to lower smart phone charges suggests the inflation pace could slow. In its monthly report for August, the government kept intact for an eighth straight month its overall assessment that Japan s economy was recovering at a moderate pace. However, the report said a recovery in exports is stalling, a downgrade from last month when the government said exports were recovering. (Reuters) Page 4 of 6

5 Regional Saudi Arabia s $5.7bn beauty market a major draw card for global brands The inaugural edition of Beautyworld Saudi Arabia is approaching full capacity, with global suppliers of beauty products and well-being eagerly snapping up the exhibition s last available slots ahead of its October 2018 debut in Jeddah. Ahmed Pauwels, CEO of Messe Frankfurt Middle East, which also organizes the flagship Beautyworld Middle East exhibition in Dubai, said more than 90% of the available space at Beautyworld Saudi Arabia 2018 is already booked. Pauwels said, The unbridled enthusiasm among leading international brands to gain further access to the Middle East s largest beauty and wellness market is understandable. The retail value of beauty and personal care in Saudi Arabia is estimated to grow from $5.7bn in 2018 to $6.9bn in 2021, making it a key growth market. (GulfBase.com) Saudi Arabia s CMA approves capital increase request for Jarir Marketing Company The Capital Market Authority (CMA) issued its resolution approving Jarir Marketing Company's request to increase its capital from SR900mn to SR1,200mn through issuing one bonus share for every three existing shares owned by the shareholders who are registered in the shareholders registry at the Security Depository Center as of the closing of the second trading day after the due date, which will be determined later by the company's board. Such increase will be paid by transferring an amount of SR3.5mn from the retained earnings account, and an amount of SR296.5mn from the statutory reserve account to the company's capital. Consequently, the company's outstanding shares increased to 120mn from 90mn. (Tadawul) Fitch expects Etihad Airways to keep losing money through 2022 Etihad Airways will continue losing money through 2022, Fitch Ratings (Fitch) forecasted, citing the high execution risk in the state-owned carrier s turnaround plan. The credit ratings company affirmed the airline s long-term rating at A with a Stable outlook, given the support provided by the government of Abu Dhabi. (Bloomberg) DAFZA s revenue rises 8% in 1H2018 Dubai Airport Freezone Authority (DAFZA) announced strong business results for 1H2018, showing 11% growth in EBID in comparison with the same period of 2017, and a growth of new rental revenues by 27%. The results include 10% increase in licensing revenues and 31% increase in revenues from government services, resulting in total revenue growth of 8% in comparison to 1H2017. The positive figures have been delivered as a result of DAFZA s strategic plan set in early 2017, which comes in line with the ambitious objectives of the Dubai Plan (GulfBase.com) Dubai airport passenger traffic up 1.8% in July Dubai International Airport recorded 1.8% rise in passenger traffic in July, according to its operator. Dubai airport, the hub of airlines Emirates and flydubai, handled 8.2mn passengers last month, compared with 8.06mn a year earlier. It was the airport s second busiest month ever after August 2017, when 8.23mn passengers used the airport. For the seven months to July 31, passenger traffic was up 1.6% to 51.9mn. Cargo handled at the airport rose 4.8% to 223,488 tons in July and in the first seven months of the year was down 1.6% to 1.5mn tons. (Reuters) Kuwait s consumer spending eases to 6.5% YoY in July Softer demand for durable goods and services caused Kuwait s consumer spending index to ease to 6.5% YoY in July, despite recording a strong rise in MoM terms, according to the National Bank of Kuwait (NBK). Meanwhile, spending on non-durables increased in July, but growth in that sector was close to flat relative to last year. On YTD basis, the NBK consumer spending index is down 1%. The consumption of durables was flat in July, with growth easing to 7.3% YoY from 10.8% in June, as the sector continued to feel the impact of seasonally lower demand during the summer months. Sales of cars, furniture, and luxury items were weaker, while spending on electronics picked up. (GulfBase.com) Zain completes $700mn loan refinancing Kuwait-based telecommunications group Zain Group (Zain) completed a fiveyear, $700mn revolving credit facility with a number of regional and international banks. The new facility refinanced $800mn revolving syndicated loan completed in 2014 and will be used for general corporate purposes. First Abu Dhabi Bank acted as the sole coordinator of the new facility and also acted, along with Samba Financial Group, as bookrunner. Arab Banking Corporation, MUFG Bank Ltd, Credit Agricole Corporate and Investment Bank, Citibank, Natixis and Union National Bank acted as joint mandated lead arrangers. (Reuters) CBO issues treasury bills worth OMR41mn Central Bank of Oman (CBO) raised OMR41mn by way of allotting treasury bills. The treasury bills are for a maturity period of 91 days, from August 29, 2018 until November 28, The average accepted price reached for every OMR100, and the minimum accepted price arrived at per OMR100. The average discount rate and the average yield reached % and %, respectively. The interest rate on the Repo operations with CBO is 2.573% for the period from August 28, 2018 to September 3, 2018, while the discount rate on the Treasury Bills Discounting Facility with the CBO is 3.323%, for the same period. (GulfBase.com) Projects worth $5.3bn to be showcased at Bahrain real estate expo Real estate projects worth more than $5.3bn are being showcased by leading Bahraini and Gulf real estate development companies at the Bahrain Property Development Exhibition (BaPDEX 2018). Works, Municipalities Affairs and Urban Planning Minister and RERA Deputy Chairman, Issam Bin Abdulla Khalaf pointed out the key role of the companies in encouraging real estate investments and support the national economy. (GulfBase.com) Page 5 of 6

6 Rebased Performance Daily Index Performance % 0.3% 0.5% 0.1% 0.5% % (0.3%) (0.6%) (0.2%) (0.2%) (0.3%) (0.4%) 50.0 Jul-14 Jul-15 Jul-16 Jul-17 Jul-18 QSE Index S&P Pan Arab S&P GCC Saudi Arabia Qatar Kuwait Bahrain Oman Abu Dhabi Dubai Source: Bloomberg Source: Bloomberg Asset/Currency Performance Close ($) 1D% WTD% YTD% Global Indices Performance Close 1D%* WTD%* YTD%* Gold/Ounce 1, (7.4) MSCI World Index 2, Silver/Ounce (0.4) (12.9) DJ Industrial 26, Crude Oil (Brent)/Barrel (FM Future) S&P 500 2, Crude Oil (WTI)/Barrel (FM Future) NASDAQ 100 8, Natural Gas (Henry Hub)/MMBtu # (0.3) (15.8) STOXX (3.3) LPG Propane (Arab Gulf)/Ton DAX 12, (5.3) LPG Butane (Arab Gulf)/Ton FTSE 100 7, (5.4) Euro (2.5) CAC 40 5, Yen (0.9) Nikkei 22, (0.4) GBP (3.6) MSCI EM 1, (0.0) 1.9 (7.6) CHF SHANGHAI SE Composite 2, (0.7) 1.3 (20.3) AUD 0.73 (0.4) (0.2) (6.4) HANG SENG 28, (5.5) USD Index (0.1) (0.6) 2.7 BSE SENSEX 38, (1.1) RUB Bovespa 78, (17.7) BRL (0.0) (19.3) RTS 1, (6.0) Source: Bloomberg ( # Market closed on August 29, 2018) Source: Bloomberg (*$ adjusted returns) Contacts Saugata Sarkar, CFA, CAIA Shahan Keushgerian Zaid al-nafoosi, CMT, CFTe Head of Research Senior Research Analyst Senior Research Analyst Tel: (+974) Tel: (+974) Tel: (+974) 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) PO Box 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 regulated by the Qatar Financial Markets Authority and the Qatar Exchange. Qatar National Bank (Q.P.S.C.) 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 investment advice. We therefore strongly advise potential investors to seek independent professional advice before making any investment decision. Although the information in this report has been 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 warranties as to the accuracy and completeness of the information it may contain, and declines any liability in that respect. For reports dealing with Technical Analysis, expressed opinions and/or recommendations may be different or contrary to the opinions/recommendations of QNBFS Fundamental Research as a result of depending solely on the historical technical data (price and volume). QNBFS reserves the right to amend the views and opinions expressed in this publication at any time. It may also express viewpoints or make investment decisions that differ significantly from, or even contradict, the views and opinions included in this report. This report may not be reproduced in whole or in part without permission from QNBFS. COPYRIGHT: No part of this document may be reproduced without the explicit written permission of QNBFS. Page 6 of 6