` QSE Intra-Day Movement Market Indicators 04 May 20 03 May 20 %Chg. Value Traded (QR mn) 439.1 401.1 9.5 9,300 Exch. Market Cap. (QR mn) 524,628.9 522,433.1 0.4 Volume (mn) 182.1 168.8 7.8 9,250 Number of Transactions 10,151 10,143 0.1 Companies Traded 46 44 4.5 9,200 Market Breadth 24:14 30:9 – 9,150 Market Indices Close 1D% WTD% YTD% TTM P/E Total Return 17,786.80 0.4 4.3 (7.3) 14.6 9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00 All Share Index 2,867.99 0.5 3.7 (7.5) 15.3 Banks 3,999.53 0.6 2.6 (5.2) 13.1 Industrials 2,628.79 0.5 7.1 (10.3) 20.9 Qatar Commentary Transportation 2,653.96 0.0 3.8 3.9 12.9 The QE Index rose 0.4% to close at 9,252.1. Gains were led by the Consumer Goods & Real Estate 1,401.96 (0.1) 2.7 (10.4) 13.9 Services and Banks & Financial Services indices, gaining 1.1% and 0.6%, Insurance 2,008.34 (0.7) (0.7) (26.6) 33.7 respectively. Top gainers were Doha Insurance Group and Qatari German Company Telecoms 890.29 (0.7) 7.4 (0.5) 15.0 for Medical Devices, rising 6.3% and 5.4%, respectively. Among the top losers, Qatar Consumer 7,450.84 1.1 5.3 (13.8) 19.0 General Insurance & Reinsurance Co. fell 6.3%, while Doha Bank was down 2.1%. Al Rayan Islamic Index 3,691.53 0.5 4.5 (6.6) 17.0 GCC Commentary GCC Top Gainers## Exchange Close# 1D% Vol. ‘000 YTD% Saudi Arabia: The TASI Index fell 0.2% to close at 7,207.8. Losses were led by the Bupa Arabia for Coop. Ins. Saudi Arabia 115.00 4.7 253.3 12.3 Utilities and Software & Services indices, falling 1.8% and 1.7%, respectively. Etihad Etisalat Co. Saudi Arabia 26.95 2.3 1,983.8 7.8 Mediterranean & Gulf Ins. declined 5.3%, while Yanbu Cement Co. was down 5.2%. Dubai: The DFM Index gained 2.0% to close at 2,039.5. The Investment & Financial Savola Group Saudi Arabia 43.55 2.2 879.8 26.8 Services index rose 5.6%, while the Transportation index gained 2.6%. Dubai Arab National Bank Saudi Arabia 21.00 1.9 824.0 (23.4) Investments rose 7.4%, while Emaar Development was up 5.9%. Abu Dhabi: The ADX General Index gained 0.4% to close at 4,303.1. The Industrial Dubai Islamic Bank Dubai 3.68 1.9 11,948.1 (33.2) index rose 3.5%, while the Telecommunication index gained 1.2%. Gulf ## # Pharmaceutical Ind. rose 10.3%, while Ooredoo was up 3.4%. GCC Top Losers Exchange Close 1D% Vol. ‘000 YTD% Kuwait: The Kuwait All Share Index gained 0.2% to close at 5,022.8. The Insurance Agility Public Wareh. Co. Kuwait 0.64 (4.0) 9,143.1 (21.3) index rose 2.3%, while the Banks index gained 0.4%. Tijara and Real Estate Saudi British Bank Saudi Arabia 22.84 (2.4) 1,804.3 (34.2) Investment rose 9.6%, while Al-Ahleia Insurance Company was up 9.1%. Oman: The MSM 30 Index fell 0.5% to close at 3,517.6. Losses were led by the Saudi Arabian Mining Co. Saudi Arabia 36.75 (2.0) 873.3 (17.2) Financial and Services indices, falling 0.6% and 0.4%, respectively. Al Maha Saudi Electricity Co. Saudi Arabia 15.98 (2.0) 2,577.7 (21.0) Petroleum Products Marketing declined 2.5%, while Bank Dhofar was down 1.9%. Saudi Industrial Inv. Saudi Arabia 19.36 (1.9) 417.1 (19.3) Bahrain: The BHB Index fell 0.2% to close at 1,273.3. The Investment index declined 0.4%, while the Commercial Banks index fell 0.3%. Bahrain Ship Repairing & Source: Bloomberg (# in Local Currency) (## GCC Top gainers/losers derived from the S&P GCC Engineering Company declined 3.0%, while GFH Financial Group was down 1.4%. Composite Large Mid Cap Index) QSE Top Gainers Close* 1D% Vol. ‘000 YTD% QSE Top Losers Close* 1D% Vol. ‘000 YTD% Doha Insurance Group 1.07 6.3 120.0 (11.3) Qatar General Ins. & Reins. Co. 1.95 (6.3) 65.2 (20.7) Qatari German Co for Med. Devices 1.22 5.4 41,262.2 108.8 Doha Bank 2.11 (2.1) 5,552.5 (16.6) Medicare Group 7.11 4.4 3,993.7 (15.9) Al Khalij Commercial Bank 1.31 (1.5) 218.8 0.0 Qatar Industrial Manufacturing Co 2.71 4.0 278.3 (24.2) United Development Company 1.19 (1.1) 2,383.7 (21.6) Qatari Investors Group 1.61 2.7 4,164.3 (10.0) Alijarah Holding 0.74 (0.8) 7,207.2 4.8 QSE Top Volume Trades Close* 1D% Vol. ‘000 YTD% QSE Top Value Trades Close* 1D% Val. ‘000 YTD% Qatari German Co for Med. Devices 1.22 5.4 41,262.2 108.8 QNB Group 18.01 0.6 75,332.6 (12.5) Ezdan Holding Group 0.82 0.9 18,036.9 33.5 Qatari German Co for Med. Dev. 1.22 5.4 49,949.7 108.8 Mazaya Qatar Real Estate Dev. 0.68 1.8 10,791.2 (5.8) Industries Qatar 8.50 0.1 36,363.8 (17.3) Qatar Aluminium Manufacturing 0.70 0.0 9,758.6 (11.0) Medicare Group 7.11 4.4 28,528.8 (15.9) Alijarah Holding 0.74 (0.8) 7,207.2 4.8 Qatar Islamic Bank 16.00 1.9 20,676.0 4.4 Source: Bloomberg (* in QR) Exch. Val. Traded Exchange Mkt. Dividend Regional Indices Close 1D% WTD% MTD% YTD% P/E** P/B** ($ mn) Cap. ($ mn) Yield Qatar* 9,252.07 0.4 4.3 4.6 (11.3) 119.74 142,856.5 14.6 1.4 4.3 Dubai 2,039.48 2.0 4.0 4.9 (26.2) 84.47 79,489.1 8.0 0.7 4.8 Abu Dhabi 4,303.14 0.4 4.5 3.9 (15.2) 60.70 131,580.3 13.4 1.3 5.9 Saudi Arabia 7,207.78 (0.2) 2.2 (0.1) (14.1) 1,268.28 2,176,638.5 21.9 1.7 3.6 Kuwait 5,022.84 0.2 0.1 0.5 (20.0) 79.11 92,848.4 14.6 1.1 4.1 Oman 3,517.60 (0.5) (0.1) (0.8) (11.6) 3.62 15,309.9 9.2 0.8 6.8 Bahrain 1,273.34 (0.2) (0.2) 0.3 (20.9) 2.93 19,335.1 9.2 0.8 5.5 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 10 Qatar Market Commentary The QE Index rose 0.4% to close at 9,252.1. The Consumer Goods & Overall Activity Buy %* Sell %* Net (QR) Services and Banks & Financial Services indices led the gains. The index rose on the back of buying support from non-Qatari shareholders despite Qatari Individuals 33.56% 42.29% (38,334,573.41) selling pressure from Qatari and GCC shareholders. Qatari Institutions 17.48% 23.73% (27,447,029.65) Doha Insurance Group and Qatari German Company for Medical Devices Qatari 51.04% 66.02% (65,781,603.05) were the top gainers, rising 6.3% and 5.4%, respectively. Among the top losers, Qatar General Insurance & Reinsurance Company fell 6.3%, while GCC Individuals 0.77% 1.50% (3,191,353.25) Doha Bank was down 2.1%. GCC Institutions 0.49% 0.57% (354,012.89) Volume of shares traded on Thursday rose by 7.8% to 182.1mn from GCC 1.26% 2.07% (3,545,366.14) 168.8mn on Wednesday. However, as compared to the 30-day moving average of 222.5mn, volume for the day was 18.2% lower. Qatari German Non-Qatari Individuals 11.39% 11.46% (288,808.26) Company for Medical Devices and Ezdan Holding Group were the most Non-Qatari Institutions 36.31% 20.45% 69,615,777.45 active stocks, contributing 22.7% and 9.9% to the total volume, respectively. Non-Qatari 47.70% 31.91% 69,326,969.19 Source: Qatar Stock Exchange (*as a % of traded value) Ratings and Global Economic Data Ratings Updates Company Agency Market Type* Old Rating New Rating Rating Change Outlook Outlook Change Investcorp Moody's Bahrain LTR – Ba2 – Negative Holdings Source: News reports, Bloomberg (* LTR– Long Term Rating) Global Economic Data Date Market Source Indicator Period Actual Consensus Previous 06/04 US Department of Labor Initial Jobless Claims 30-May 1,877k 1,833k 2,126k 06/04 US Department of Labor Continuing Claims 23-May 21,487k 20,000k 20,838k 06/04 UK ERROR Markit/CIPS UK Construction PMI May 28.9 29.4 8.2 06/05 UK GfK NOP (UK) GfK Consumer Confidence May -36 -34 -34 06/04 Germany Markit Markit Germany Construction PMI May 40.1 – 31.9 Source: Bloomberg (s.a.