MENA Daily Morning Brief - 26 October

Transcription

1. Research @M arkaz.com Daily Morning Brief Equity Watch October 26, 2020 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 424 2,363 143 186 108 108 64 21 11 107 8,155 9,808 4,568 5,563 6,690 2,177 1,435 3,564 -2.7 -4.1 -1.5 0.2 -1.0 -1.0 -0.4 -0.9 0.2 -0.8 -1.7 -1.8 1.1 2.2 2.2 -4.2 0.0 -1.4 -7.9 3.3 -2.8 5.7 -5.9 6.5 -10.0 0.7 -11.5 2.5 -7.8 6.1 -21.2 -15.8 -10.9 4.0 -10.5 -10.4 1.3 2.8 -3.4 1.1 -9.0 2.8 -9.7 15 18 15 13 14 14 7 9 8 44,996 30,442 2,107 5,923 2,431 3,465 5,860 1,625 - 2.7 3.0 -0.1 -0.0 3.1 6.1 7.3 10.3 -22.3 -7.9 -5.6 -2.8 7.2 10.6 -1.9 1.0 25 28 18 18 6,371 5,780 1,073 1,136 3,436 40,686 - 5.0 1.9 6.9 5.7 -0.6 8.5 19 15 24 2.0 7.5 -1.4 0.8 -1.3 7.1 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 2,464 206 11 189 6 3,182 Kuw ait 164 166 33 79 54 201 UA E 210 132 28 18 86 159 Q atar 120 46 4 37 5 177 Bahrain 2 44 14 7 23 3 O man 1 121 14 9 98 2 T otal 2 ,9 60 715 104 339 272 3 ,7 24 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 1,882 S A BIC 78 S audi Telecom 57 A l-Rajhi Bank 45 NC B 32 United A r ab Emirates TA QA 43 E TIS ALAT 40 33 FAB 19 Intl. H olding C o. E mirates N BD 17 Kuwait 20 N BK 17 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 * 16 15 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 93 103 66 40 -2.3 -4.5 -2.8 -1.2 -1.6 -3.9 5.4 2.6 0.8 6.6 -2.1 -0.7 1.2 1.2 -19.6 -1.8 16.5 16.4 8.3 2.5 9.7 14.7 2.2 29 20 17 11 1 17 11 39 10 0.7 -1.1 0.5 0.3 - 3.6 1.4 0.2 0.2 -8.9 174.5 3.3 -25.7 530.6 -25.4 29.4 -2.0 3.0 199.9 7.3 23.9 2.4 4.6 102.1 2.5 17 12 55 8 870 679 602 613 676 -0.8 -1.5 -1.5 -1.4 -0.4 2.7 4.9 3.0 2.9 -14.6 -7.9 0.3 0.4 -5.0 8.9 14.6 5.3 18.0 6.9 6.8 14.3 9.9 13.5 15.5 21 26 13 37 20 18 -0.7 -2.9 -14.1 13.2 4.8 14 10 2 16 4 -1.2 -10.0 -0.8 1.4 -2.8 -3.9 -0.6 2.9 -6.8 202.9 7.0 8.1 0.3 26.5 19.4 6.7 -4.6 -1.2 6.5 -0.3 37 6,466 14 14 KIBOR Yield Curve (%) 5-year CDS Spread C ountry C ompanies N ational C entral C ooling C o A bu Dhabi C ommercial Bank Dubai F inancial M arket A ldar P roperties M asraf A l Ray an Top 5 Losers *  C ompanies Q atar A luminum M anufacturing C ompany E zdan H olding G roup E maar The E conomic C ity H erfy F ood S erv ices C ompany S audi Real E state C ompany C ountry UA E UA E UA E UA E Q atar 2019 73.4 42.5 142.9 43.9 42.7 254.5 342.8 - 58.5 34.8 91.0 44.9 36.8 266.0 167.1 3,065.7 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 58.5 34.6 90.6 34.3 36.5 199.0 158.5 1,313.6 Interest Rate Watch Deposit Rate  M . C ap C hange M TD (U S D Bn) % % 1.7 4.0% 5.4% 10.6 3.2% 2.7% 1.8 2.4% 0.2% 4.6 1.8% 10.0% 8.7 1.4% 2.9% 52-Week C urrent 3M Rate % S pread % U .S . 0.1 Kuw ait 1.2 KS A ** 0.5 UA E 0.1 Q atar 0.3 O man 2.2 Bahrain 2.0 E uro Region -0.6 Last F O MC M eeting Date: S ep 15/16 YTD % 22.4% -26.8% -13.4% 2.3% 8.1% 1.1 0.5 0.0 0.2 2.1 1.9 -0.7 5YR Rate 10YR Rate 0.4 0.8 0.9 0.6 1.9 4.9 3.8 -0.8 N ext F O MC M t Date: N ov 0.8 2.6 2.1 1.4 1.7 7.0 5.5 -0.6 04/05 Commodity Watch C ountry Q atar Q atar KS A KS A KS A M . C ap C hange (U S D Bn) % 1.6 15.1 2.4 1.1 1.2 -10.0% -10.0% -9.9% -9.9% -9.9% M TD % YTD % -7.3% -3.9% -5.5% 4.6% 5.9% 20.1% 202.9% -0.4% 4.8% 18.8% P r ecious M etals 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  Dubai has announced a AED500 million stimulus package to support various business sectors, bringing the total value of stimulus packages introduced by the emirate to AED 6.8 billion in 2020. – Minister of State for Foreign Trade, UAE  Saudi Arabia achieved a trade surplus of SAR 18.39 billion in August 2020. Merchandise exports decreased by 25.1% y-o-y. – Zawya C lose P rice C hange % M TD % YTD % 1,900.8 24.6 41.8 13,039 -0.6 0.8 5.9 2.0 21.0 1.2 104.7 0.3 6.7 27.6 - 1.2 -0.7 -0.3 -1.6 4.5 52-Week High Low 25.3 37.9 -36.7 81.9 2,063.2 29.2 68.7 12,983 1,454.3 12.0 19.5 4,841.7 5.8 -3.6 0.9 -4.0 99.9 1.2 112.1 0.3 7.2 82.7 1.1 102.3 0.3 6.7 11.5  Trump administration was reviewing the latest plan for more COVID-19 relief over the weekend and a response is expected on Monday– U.S. House Speaker  China will seek to improve the flexibility of its yuan currency and will reduce restrictions on cross-border use of the yuan. - China’s Central Bank Governor 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. 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