UAE: Daily Market Trading Report - 1 May

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1. IS Morning Report Tuesday , May 01, 2018 Global & Regional Benchmarks Indices Close UAE Trading Summary 1Day 1Mnth 3Mnth YTD 1Y (AEDm) Change Change Change Change Change 153 - -9.0% -10.9% Local 36% 60% -24% 64% 40% 24% 58% 60% -1% 42% 40% 1% -2.2% 15.5% DFM 235 235 - -1.0% 10.9% Local 51% 52% -1% 49% 48% 1% 4.2% Institutional 47% 35% 12% -2.4% 1.4% Retail 53% 65% -12% 3.9% 4.8% Total 389 389 - -1.2% 17.1% Local 45% 55% -10% 55% 45% 10% -0.3% DFM 3,066 0.6% TASI 8,209 -0.2% 5.2% KWSEI 1,258 -0.4% -3.5% 18,296 0.0% Dow Jones 24,163 -0.6% 0.2% -7.7% S&P 500 2,648 -0.8% 0.3% -6.2% Nasdaq 7,066 -0.8% 0.0% -4.3% FTSE 100 7,509 0.1% 6.4% 0.3% -2.3% 12,612 0.2% 4.3% -3.0% 5,521 0.7% 6.8% 1.2% Nikkei225 22,482 0.1% 4.8% -2.7% HIS 30,808 1.7% 2.4% -5.6% CAC40 -2.2% -10.1% 6.2% 7.2% 13.6% 17.2% Foreign -7.4% NET 153 4,670 DAX 1.2% SELL 2.4% ADX ADX EGX 1.9% BUY -5.5% -5.8% Institutional 4.0% 21.3% 21.8% 47.1% Retail 2.4% 16.0% Foreign 3.0% 25.2% Foreign Upcoming Corporate Actions & Events Date Company Event 2-May ARMX Board Meeting 6-May SHUAA Board Meeting 9-May KHCB Board Meeting 13-May GFH Board Meeting Key Stories Dana Gas Will Pay Dividend, Write Regulator About Postponement Emaar properties 1Q18 net profit 1.67 bln dirhams vs 1.38 bln dirhams year ago. 1Q18 revenue 5.59 bln dirhams vs 4.07 bln dirhams year age Integrated Securities (Regulated by the Securities & Commodity Authority) Al Bateen Towers, C2 P.O.Box 107077, Abu Dhabi, UAE Customer service: 8003437 / +971 24 942 777 Sales & Trading : +971 24 942 666 Facsimile: +971 26 354 669 Website: www.integratedsecurities.ae
2. IS Morning Report Tuesday , May 01, 2018 Emaar Devt First Quarter Profit 819 Mln Dirhams Dubai Aerospace Plans Sukuk to Raise At Least $500m Islamic Arab Insurance Shareholders Approve No Dividend For 2017 Arkan building materials 1Q18 net profit 11.7 mln dirhams vs 10.6 mln dirhams year ago. Arkan building materials 1Q18 total revenue 251 mln dirhams vs 228.3 mln dirhams year ago. Mubadala says there are huge areas to work with Saudi Arabia, particularly in aerospace ADIA eyes renewable technologies, long-term returns improve in 2017 Islamic Development Bank considers debut euro-denominated sukuk CMA Starts Bidding Process for 26% to 44% Stake in Boursa Kuwait Bahrain's Nogaholding hires banks for dollar bond Egypt Is Confident $23 Billion Debt Inflows Won't Flow Out Egypt's M2 money supply up 21.85 pct year-on year in March Packaging group Mondi to buy Egypt-based industrial bags maker Global Markets Wrap: U.S. stock futures pared small losses while Australian shares hit seven-week highs on Tuesday after the United States extended the deadline for its steel and aluminium tariffs to take effect. The Federal Open Market Committee begins a two-day meeting on Tuesday. The rates decision is Wednesday. Oil prices extended gains on Tuesday, supported by comments from Israeli Prime Minister Benjamin Netanyahu that he was sure U.S. President Donald Trump would do "the right thing" in reviewing Iran's nuclear deal with western powers. U.S. West Texas Intermediate crude for June delivery was up 24 cents, or 0.4 percent, at $68.81 a barrel by 0402 GMT, after settling up 47 cents on Monday. Integrated Securities (Regulated by the Securities & Commodity Authority) Al Bateen Towers, C2 P.O.Box 107077, Abu Dhabi, UAE Customer service: 8003437 / +971 24 942 777 Sales & Trading : +971 24 942 666 Facsimile: +971 26 354 669 Website: www.integratedsecurities.ae
3. IS Morning Report Tuesday , May 01, 2018 UAE: Dana Gas will pay the dividend into Abu Dhabi Stock Exchange account once advised by the bourse, Sharjah, U.A.E.based company says in a statement on its website. At same time, co. will write to Securities and Commodities Authority, with respect to its previous request for postponing the payment of dividend. Emaar properties 1Q18 net profit 1.67 bln dirhams vs 1.38 bln dirhams year ago. 1Q18 revenue 5.59 bln dirhams vs 4.07 bln dirhams year age Emaar Devt reported profit for the first quarter of 819 million dirhams. 1Q revenue 3.27 billion dirhams. Total sales blacklog at 41 billion dirhams. 1Q profit rose 62%; revenue climbs 95%. Revenue growth reflects "strong" construction progress and timely delivery. Has delivery pipeline of over 27,000 residential units in the next four to five years. Dubai Aerospace Enterprise may sell Islamic bonds this year or next depending on market conditions, Gulf News reports, citing CEO Firoz Tarapore. “It’s 50-50 whether we do something this year or next year”. Sukuk to raise at least $500m, with the final size depending on market appetite. Islamic Arab Insurance Shareholders Approve No Dividend For 2017. Mubadala Aerospace said on Monday there are huge areas to work with Saudi Arabia, particularly in the aerospace sector. "I think there are huge opportunities for collaboration between us and Saudi Arabia ... aerospace being a key area for both countries. It would be great to work together and hopefully avoid duplication," Khaled Abdulla alQubaisi told a conference in Abu Dhabi. Abu Dhabi Investment Authority (ADIA), the world's third-biggest sovereign wealth fund, said it may invest more in renewable energy, as climate change fears prompt fund managers even in the oil-rich Middle East to look beyond fossil fuels. "The world's energy industry is in the early stages of a fundamental shift from fossil fuels to a more sustainable reliance on a range of renewable technologies," ADIA said in its 2017 annual review on Monday. Integrated Securities (Regulated by the Securities & Commodity Authority) Al Bateen Towers, C2 P.O.Box 107077, Abu Dhabi, UAE Customer service: 8003437 / +971 24 942 777 Sales & Trading : +971 24 942 666 Facsimile: +971 26 354 669 Website: www.integratedsecurities.ae
4. IS Morning Report Tuesday , May 01, 2018 GCC/ MENA: Saudi Arabia's Islamic Development Bank (IDB) has hired banks to explore the possibility of a euro-denominated sukuk issue, sources familiar with the matter said. Should it go ahead, the sukuk would be the multilateral development bank's first euro-denominated public debt sale. IDB will start meeting fixed-income investors in Europe on May 7. Citigroup, Credit Agricole and Societe Generale have been hired to arrange the meetings ahead of the potential deal, the sources said. CMA Starts Bidding Process for 26% to 44% Stake in Boursa Kuwait. Capital Markets Authority invites international operators and local companies to participate in the bidding process for an equity stake of Boursa Kuwait, the regulator says in an emailed statement. Nogaholding, the investment arm of Bahrain's National Oil and Gas Authority, has mandated banks to arrange fixed income investor meetings ahead of a potential international bond, a document from one of the banks showed. Egypt’s finance minister said he’s confident the $23 billion that foreigners invested in Egyptian Treasury bills will stay in the country, thanks to its improved credit profile and rising global liquidity. The trade-off between risks and returns remains attractive, and investments have been rising in “recent weeks and months,” Amr El-Garhy said in an interview with Bloomberg TV. Credit rating companies, which haven’t significantly upgraded Egypt’s junk rating in the past two years, should give Egypt a “better look,” El-Garhy said. Egypt's M2 money supply growth accelerated in March to 21.85 percent year on year, central bank data showed on Monday. M2 had grown by 25.4 percent the previous month. The money supply at the end of March stood at 3.34 trillion Egyptian pounds ($189.56 billion). Packaging group Mondi to buy Egypt-based industrial bags maker. Mondi has agreed to buy a privately-owned industrial bags maker operating in Egypt for 23.7 million euros ($28.75 million) to expand deeper into the Middle East, the South African packaging group said on Monday. Mondi, which is also listed in London, said it would buy all the shares in National Company for Paper Products and Import & Export on a debt and cash free-basis. (Source: ADX, DFM, Bloomberg, Reuters, Gulf News, The National, Arabian Business) Integrated Securities (Regulated by the Securities & Commodity Authority) Al Bateen Towers, C2 P.O.Box 107077, Abu Dhabi, UAE Customer service: 8003437 / +971 24 942 777 Sales & Trading : +971 24 942 666 Facsimile: +971 26 354 669 Website: www.integratedsecurities.ae
5. IS Morning Report Tuesday , May 01, 2018 Institutional Sales and Trading Team Harshjit Oza harshjit@integratedsecurities.ae Direct Line: +971 2 494 2608 Disclaimer This report was prepared by Integrated Securities (“IS”) in and for the United Arab Emirates (“U.A.E.”). IS is a securities brokerage company regulated by the Emirates Securities and Commodities Authority (and neither an investment nor a financial advisory firm). The information contained in this report is given in summary and does not purport to be complete. All securities and financial product or instrument transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments and, in international transactions, currency risk. Content of this report is provided solely for informational purposes and private circulation and should not be construed as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities or any other financial product or instrument, or adopting any hedging or investment strategy and does not take into account your particular investment objectives, financial situation, tax implications or any other needs. Before acting on any information you should consider and confirm the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek professional financial advice. While based on information believed to be reliable, we do not guarantee and make no express or implied representation as to the accuracy of this report or complete description of the securities markets or developments referred to in this report. The information, contained in this report are as of the date indicated and are subject to change at any time without prior notice. This report may provide the addresses of, or contain hyperlinks to, websites. IS has not reviewed any such site and takes no responsibility for the content of the same. Such address or hyperlink is provided solely for your convenience and information and the content of any such website does not in any way form part of this document. Accessing such website or following such link through this report or IS’s website shall be at your own risk. The stated price of any securities mentioned in this report is as of the date indicated and is not a representation made by IS that any transaction can be effected at this price. This report is for UAE distribution and only under such circumstances as may be permitted by applicable law. The information contained in this report is not intended nor can it be construed as intended to be directed to any US persons (being any US Citizens, US Green Card Holders, or Resident Aliens subject to US income taxes for IRS purposes) unless stated otherwise. Neither IS nor its officers, directors or shareholders or other persons shall be liable for any direct, indirect, incidental or other damages including loss of profits arising in any way from the information contained in this report. This report is a mere update intended solely for the use by the intended recipients and the content of it may not be reproduced, redistributed or copied in whole or in part for any purpose without IS’s prior express consent. Integrated Securities (Regulated by the Securities & Commodity Authority) Al Bateen Towers, C2 P.O.Box 107077, Abu Dhabi, UAE Customer service: 8003437 / +971 24 942 777 Sales & Trading : +971 24 942 666 Facsimile: +971 26 354 669 Website: www.integratedsecurities.ae