MENA Daily Morning Brief - 1 February

Transcription

1. Research @M arkaz.com Daily Morning Brief Equity Watch February 01, 2021 Value Traded & Advances/Decline Ratio M . C ap C lose C hange (U S D Bn) P rice % Indicators GC C M ar kets S &P G C C C omposite S audi (TA S I) Q atar(Q E Index) A bu Dhabi (A DI) Kuw ait A ll S hare Index (P R) Kuw ait A ll S hare Index (TR) Dubai (DF M G I) Bahrain (BA X) O man(M uscat S M ) Developed mar kets M S C I World Index U .S . (S &P 500) U .K. (F TS E ) Japan (Topix) Emer ging mar kets M S C I E M Index C hina (S hanghai Indx.) India (S ensex) M TD % YTD 3-Yr 5-Yr P /E % C A GR C A GR TTM 466 2,424 153 218 112 112 80 21 11 117 8,784 10,648 5,662 5,753 6,925 2,726 1,463 3,660 0.2 -0.1 0.1 1.4 0.4 0.4 1.1 0.1 -0.5 2.9 1.1 2.0 12.2 3.7 3.7 9.4 -1.8 0.0 2.9 1.1 2.0 12.2 3.7 3.7 9.4 -1.8 0.0 4.1 5.1 4.1 7.0 4.8 8.5 -7.6 2.9 -9.9 7.1 8.4 2.8 7.7 -0.9 4.5 -6.1 15 20 17 16 21 21 10 9 9 49,095 34,500 2,588 6,713 2,694 3,751 6,567 1,860 -2.2 -2.6 -1.3 0.7 0.2 -0.1 1.7 3.1 0.2 -0.1 1.7 3.1 6.4 9.5 -5.0 -0.4 11.5 14.1 1.5 5.4 28 30 17 21 7,116 6,531 1,257 1,371 3,746 47,410 -1.2 0.1 -1.9 6.2 2.9 -0.7 6.2 2.9 -0.7 2.6 0.5 9.3 13.1 5.5 13.8 20 16 29 C ompanies V alue Traded Listed A DTV – 1M A dv ances Declines U nchanged (U S D mn) companies (U S D mn) S audi A rabia 2,595 206 35 161 10 2,227 Kuw ait 177 166 68 50 48 122 UA E 144 122 13 36 73 201 Q atar 47 46 9 34 3 72 Bahrain 2 44 15 4 25 2 O man 2 121 10 15 96 4 T otal 2 ,9 6 7 705 150 300 255 2 ,6 2 7 Yield Curve & CDS Watch LIBOR (In %) US Treasuries (In %) Blue Chip Watch C ompanies M .C ap (U S D Bn) Saudi A r abia S audi A ramco 1,848 S A BIC 81 S audi Telecom 60 A l-Rajhi Bank 48 NC B 34 United A r ab Emirates E TIS ALAT 47 TA QA 44 44 FAB 23 Intl. H olding C o. E mirates N BD 20 Kuwait 20 N BK 18 KF H 9 Zain 6 Bouby an Bank 5 A gility Q atar 45 Q atar N ational Bank Industries Q atar E zdan H olding Q atar Islamic Bank M asraf A l Ray an Top 5 Gainers * 20 12 11 9 C lose P rice- C hange % M TD % YTD % 3-Yr 5-Yr C A GR C A GR P /E TTM 35 101 113 72 42 -0.3 -1.8 -0.4 -1.0 -2.4 -1.0 -0.6 6.4 -1.8 -3.0 -1.0 -0.6 6.4 -1.8 -3.0 -2.0 15.1 13.7 2.3 8.3 12.5 17.6 9.4 33 21 19 11 20 1 15 46 12 -0.6 -1.6 0.0 -1.7 16.9 0.7 14.6 9.6 12.6 16.9 0.7 14.6 9.6 12.6 3.6 38.1 9.4 218.1 11.0 4.1 28.1 13.4 121.3 10.2 19 54 16 38 12 873 722 640 571 753 1.0 1.1 -0.5 0.5 3.9 6.6 5.6 0.5 11.4 3.9 6.6 5.6 0.5 11.4 10.6 17.8 11.0 15.1 9.8 10.6 18.9 12.8 14.7 24.3 27 34 14 59 25 18 -0.6 0.4 0.4 9.7 7.4 15 12 2 17 4 -0.4 -1.2 -0.5 -1.0 10.4 -5.0 -3.5 -4.1 10.4 -5.0 -3.5 -4.1 3.0 13.8 18.5 2.6 3.7 3.1 12.3 5.1 49 14 15 KIBOR Yield Curve (%) 5-year CDS Spread C ountry E mirates Refreshments Yamama C ement C ompany Dallah H ealthcare C ompany Kuw ait Telecommunications C ompany Q assim C ement C ompany Top 5 Losers *  C ompanies N ational Building and M arketing C ompany N ational Bank of Ras A l Khaimah S eera G roup H olding V odafone Q atar Riy ad Bank C ountry UA E KS A KS A Kuw ait KS A M . C ap C hange (U S D Bn) % 1.5 14.8% 1.7 4.5% 1.4 3.6% 1.6 1.8% 2.2 1.8% 2020 67.4 41.5 113.8 38.2 42.5 236.0 254.4 - 67.4 39.6 113.8 38.2 38.6 217.5 254.3 - KS A A bu-Dhabi Dubai Kuw ait Q atar O man Bahrain Lebanon High Low 232.4 155.0 324.6 84.0 181.0 637.0 508.5 13,893.4 61.9 37.4 91.5 34.6 37.3 199.0 164.9 4,159.7 Interest Rate Watch Deposit Rate  C ompanies 52-Week C urrent 3M Rate % S pread % U .S . 0.1 Kuw ait 1.0 KS A ** 0.5 UA E 0.1 Q atar 0.6 O man 2.2 Bahrain 1.9 E uro Region -0.6 Last F O MC M eeting Date: Jan 26/27 M TD YTD % % 247.3% 247.3% 9.3% 9.3% 18.1% 18.1% 12.1% 12.1% 13.5% 13.5% 0.9 0.4 -0.0 0.5 2.1 1.8 -0.6 5YR Rate 10YR Rate 0.4 1.1 0.6 2.6 0.8 2.2 0.5 1.3 3.0 1.7 3.3 5.1 3.9 5.0 -0.7 -0.5 N ext F O MC M t Date: M ar 16/17 Commodity Watch C ountry KS A UA E KS A Q atar KS A M . C ap C hange (U S D Bn) % 1.1 1.8 1.4 1.7 16.6 -5.9% -3.2% -3.2% -3.1% -2.9% M TD % YTD % P r ecious M etals -22.8% -22.8% 0.0% 0.0% -7.6% -7.6% 8.5% 8.5% 2.6% 2.6% G old $ /oz S ilv er $ /oz IP E Brent $ /bbl Bitcoin/U S D C ur r ency Watch U S D (1 E U R =) Yen (1 U S D =) KWD (1 U S D =) C N Y (1 E U R =) C BO E VIX index CAGR – Compounded annual growth rate | ADTV – Average daily traded value | M. Cap - Market capitalization TTM – Trailing twelve months | YTD – Year to date | * Mcap > USD 1bn Note: **12yr for Saudi Arabia; TR = Total Return\PR = Price Return; Total Return is Price Return + Dividend Return Market News C lose P rice C hange % M TD % YTD % High 52-Week Low 1,846.1 27.0 55.0 33,141.4 0.0 -1.5 -3.4 -2.7 2.4 6.3 14.3 -2.7 2.4 6.3 14.3 2,063.2 29.2 59.3 40,667.1 1,469.8 12.0 19.3 4,841.7 1.2 104.7 0.3 6.4 30.2 0.1 0.0 -8.7 -0.6 1.4 -0.3 -1.5 32.8 -0.6 1.4 -0.3 -1.5 32.8 1.2 112.1 0.3 7.2 82.7 1.1 102.3 0.3 6.4 13.7  Positive real GDP growth in most GCC countries should bring revenue opportunities for the region’s banking sector. Stable outlook for GCC banks but profits under pressure again – Fitch  Ten moderate Republican U.S. senators urged President Joe Biden to downsize his sweeping USD 1.9 trillion COVID-19 relief package to win bipartisan support. - Reuters  Personal remittances of expatriates posted an increase of 19.25 percent, reaching SAR149.69 billion (USD 39.92 billion) during the year 2020. – Saudi Central Bank  AstraZeneca will deliver nine million more doses of its COVID-19 vaccine to the European Union in the Q1 this year, making a total of 40 million for the period. – Reuters This report has been prepared and issued by Kuwait Financial Centre K.P.S.C (Markaz), which is regulated by the Capital Markets Authority and the Central Bank of Kuwait. The report is owned by Markaz and is privileged an d p ro pr ieta r y a nd i s subject to copyrights. Sale of any copies of this report is strictly prohibited. This report cannot be quoted without the prior written consent of Markaz. 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