UAE: Securities Weekly Report - 8 April

Transcription

1. Weekly Markets Dashboard 08 April 2022 Regional Markets Performance Regional Indexes Closing ADX (Abu Dhabi) 5 Days Change (%) 30 Days Change (%) 90 Days Change (%) Year TD Change (%) 10,094 1.66 10.19 17.90 18.91 DFM (Dubai) 3,542 0.14 7.36 14.88 10.82 TASI (Riyadh) 13,314 1.71 8.26 22.71 18.01 EGX (Cairo) 11,102 (1.21) 1.94 (2.58) (7.09) Dow Jones 34,584 (0.27) 4.09 (0.16) (4.83) 4,500 (0.67) 4.93 (1.68) (5.58) 13,897 (2.27) 3.14 (9.65) (11.17) FTSE 100 7,632 1.25 4.78 5.34 3.35 MSCI EM 1,126 (3.06) (2.49) (8.91) (8.60) 176 (3.24) (2.08) (8.36) (8.88) S&P 500 Nasdaq MSCI Asia UAE Stock/Market Specific Highlights • US and global markets were headed for a weekly loss as the prospects of aggressive global rake hikes finally began to rattle investors. The US Fed minutes this week have confirmed that the policy maker are ready to hike quickly to curb inflation. As a result, emerging markets have underperformed this week with MSCI EM down over 3%. • UAE and GCC markets outperformed other emerging markets despite aggressive rate hike fears, supported by higher oil prices. Though, the crude oil price have come off from the recent peak of USD 130 a barrel but remains above USD 100 per barrel supporting market sentiments in the GCC region. ADX (up 1.7%) outperformed DFM (up 0.1%) this week. The top performing stocks in UAE this week were outside the index heavy weights like ERC (up 61.6%), Eshraq (up 26.9%), Ghitha (up 18.7%), AD Ports (up 16.9%) and Fertiglobe (up 16%). • DEWA IPO was oversubscribed 37x and was priced at the higher end of the price range at AED 2.48 per share. The stock will be listed on DFM on 12th April 2022. • ERC was up 61% as the company shareholder approves the issuance of mandatory convertible bonds for AED 300mln, exclusively to its existing shareholders in the ratio of 10 MCBs for every share held in the company. The share capital of ERC will also be increased to accommodate the issuance of MCB. • AD Ports was up 17% after company’s management announced a five-year deal with ADNOC Logistic & services to operate a new facility in KIZAD this week, and many other new business deals over the past one month improving the visibility on company’s future growth potential. • Fertiglobe was up 16% recovering the lost ground from last week’s underperformance as no significant progress was made on Russia-Ukraine peace talk this week, concerning which the stock was down last week. Upcoming Corporate Actions and Events Date Company Event 11-Apr Aldar AGM 12-Apr DEWA Listing on DFM 14-Apr Alpha Dhabi AGM 20-Apr ADNOC Drilling AGM 21-Apr IHC AGM 27-Apr AD Ports AGM Harshjit Oza hoza@intlsecurities.ae +971 2 494 2608 Yawar Saeed ysaeed@intlsecurities.ae Raj Purswani rpurswani@intlsecurities.ae 1
2. 08 April 2022 Charts of the Week Oil sheds bulk of invasion-driven gains on SPR sales , virus, Fed: Oil headed for a back-to-back weekly retreat on plans for massive stockpile releases, a demandsapping virus outbreak in top importer China and a hawkish turn from the U.S. Federal Reserve. West Texas Intermediate traded above USD 96 a barrel, with prices about 3% lower this week. The recent drop means the U.S. benchmark has now lost most of the gains seen since Russia’s invasion of Ukraine began in late February. The global stock market rally is stalling and underneath the hood its engine is sputtering: Three key leading indicators for equities -- semiconductors, small caps and transport shares -- are all rolling over on a relative basis at the same time, and that’s not an encouraging sign for stock bulls. A gauge of global semiconductor stocks has fallen to a near six-month relatively low, while small cap and transport equivalents are close to the least since late 2020 versus the broader market. Real Yield push towards zero threatens to weigh on stocks: Rising real yields eat into the positive backdrop for risk assets, threatening equity valuations and stocks’ relative attraction to bonds. Their climb -driven by a Fed seemingly determined to outhawk the hawks -- is one of the main reasons the stock market has wobbled this week. Inflation-adjusted yields have been in negative territory for about two years now, providing a key pillar of support to bullish calls on global shares. A move back above zero would undermine the argument that there is no alternative to stocks and at the very least would add to expectations of further volatility in risk assets. Source: Bloomberg 2
3. 08 April 2022 Weekly Stock Performance | UAE TOP 10 WEEKLY VOLUME LEADERS Volume Leaders - 5 Day Average Value Traded (AVT) Company Apex Investments CMP MCap(AEDm) 5 Day AVT (AED) 1 Week (%) 3 Month (%) Year TD(%) 5.55 2,767 2,729,040,662 0.18 (15.12) (17.91) IHC 194.00 342,975 311,410,927 3.19 23.80 23.88 FAB 23.86 263,817 299,160,849 1.88 33.23 31.11 Aldar 5.00 38,370 271,308,070 2.25 17.03 22.31 DFM 2.84 22,320 147,826,589 15.92 7.00 (0.54) Emaar 6.04 48,588 129,209,284 0.83 19.52 21.47 Etisalat 37.78 323,693 124,503,352 1.34 21.00 17.41 Alpha Dhabi 26.80 269,200 92,139,520 (0.89) 4.34 (1.39) Fertiglobe 5.87 47,151 69,970,671 16.01 57.73 67.59 Multiply 1.69 19,152 64,778,206 1.20 (5.00) (7.07) TOP 10 WEEKLY GAINERS AND LOSERS (TOP 50 STOCKS) Top 10 Weekly Gainers (50 selected stocks) Company CMP ERC 10.60 277 61.59 43.10 40.27 11.05 3.70 Eshraq 0.48 1,065 26.86 30.86 28.65 0.48 0.29 Ghitha 81.50 8,240 18.72 229.34 199.64 88.00 7.95 AD Ports 3.87 18,477 16.92 - 0.28 3.75 3.22 Fertiglobe 5.87 47,151 16.01 57.73 67.59 5.91 2.92 DFM 2.84 22,320 15.92 7.00 (0.54) 3.05 0.98 Air Arabia 1.78 7,980 9.88 23.38 24.24 1.75 1.25 Takaful Emarat Ins. 1.25 188 5.93 (3.85) 5.04 1.77 1.06 RAK Ceramics 2.85 2,842 5.56 2.79 3.87 3.38 1.60 Shuaa Capital 0.65 1,623 4.88 (8.31) (6.57) 0.83 0.56 MCap(AEDm) 1Week (%) 3 Month (%) MCap(AEDm) 1Week (%) 3 Month (%) Year TD(%) 52 Week High 52 Week Low Weekly Losers (top 50 selected stocks) Company CMP Mashreqbank 67.50 13,541 (14.50) (11.18) (15.09) 79.95 53.10 Nat. Corp Tourism 2.61 2,051 (10.00) (13.00) (13.00) 3.50 2.00 Waha 1.53 3,033 (6.14) 1.61 (1.95) 1.91 1.12 Amlak Finance 0.55 810 (4.72) (38.91) (25.31) 1.12 0.20 ASM 11.20 10,700 (4.27) (19.79) (23.02) 16.94 10.46 UPP 0.25 1,055 (3.50) (23.60) (22.88) 0.42 0.23 Easy Lease 37.10 1,142 (3.44) 26.87 31.24 66.85 19.00 Emirates NBD 14.50 92,538 (3.33) 12.96 11.71 15.50 11.25 1.20 1,246 (3.23) (6.98) 0.84 1.36 0.60 11.42 1,860 (3.22) 4.20 1.47 21.48 10.50 GFH Palms Year TD(%) 52 Week High 52 Week Low 3
4. 08 April 2022 Weekly Stock Performance | UAE WEEKLY FOREIGN OWNERSHIP CHANGE Weekly Foreign Ownership Increase^ Foreign Ownershp (%) Change (%) Etisalat 8.36% 0.11 9,566,480 356,062,502 Alpha Dhabi 1.25% 0.04 4,000,000 107,680,000 Company name DFM Shares Change Mcap Change (AED) 6.29% 0.37 29,584,323 82,584,000 Emaar 39.84% 0.16 13,087,582 77,740,238 Eshraq 32.43% 3.82 87,422,304 40,677,270 DIB 15.06% 0.09 6,504,400 39,686,520 Emaar Dev. 9.14% 0.17 6,800,000 30,600,000 Multiply 21.42% 0.12 13,440,000 22,982,400 Air Arabia 21.06% 0.18 8,400,060 14,364,103 AD Ports 2.46% 0.05 2,545,000 9,238,350 Change in Foreign Ownership (non-UAE) data is b ased on information ob tained from ADX and DFM. Weekly Foreign Ownership Decrease^ Foreign Ownershp (%) Change (%) Shares Change Mcap Change (AED) ADIB 13.15% (0.09) (3,268,800) (28,242,432) Aldar 18.60% (0.05) (3,931,315) (19,184,816) 3.83% (0.03) (4,800,000) (17,040,000) 52.38% (0.19) (13,291,209) (16,082,363) 5.77% (0.03) (3,750,000) (15,562,500) Yahsat 11.09% (0.22) (5,367,495) (15,028,985) Fertiglobe Company name ADNOC Drill Dana ADNOC Dist. 58.55% (0.03) (2,490,396) (14,145,447) TAQA 0.04% (0.01) (11,243,425) (13,941,847) ESG 7.20% (0.64) (1,600,000) (11,344,000) ADCB 16.12% (0.01) (695,738) (7,374,822) Change in Foreign Ownership (non-UAE) data is b ased on information ob tained from ADX and DFM. 4
5. 08 April 2022 ADX , DFM Focus List UAE FOCUS LIST MCAP PRICE Company (AEDm) (AED) 52WH 52WL ADCB 73,742 10.68 11.30 6.04 14.07 1.38 ADIB 31,378 8.68 10.46 4.82 15.13 ADNIC HIGH - LOW VALUATION DIV TTM P/E TTM P/B YLD (%)^ HISTORICAL RETURN 1M% 3M% YTD% 12M% 3.5% 2.2 27.6 28.7 80.8 1.53 3.6% (0.7) 30.1 30.1 84.0 3,978 6.99 7.63 4.65 9.43 1.46 5.7% (0.2) 7.2 10.1 58.6 ADNOC Dist. 51,871 4.10 5.01 3.85 23.03 16.20 5.0% 2.5 1.5 (0.4) (1.0) ADNOC Drill.* 56,795 3.61 3.92 2.77 25.48 5.83 4.1% (6.3) 4.4 4.4 NA AD Ports 18,475 3.87 3.75 3.22 21.86 1.74 - - - Agthia 3,609 4.48 7.32 4.31 NM 1.31 3.7% Air Arabia 7,979 1.78 1.75 1.25 11.08 1.31 4.8% Ajman Bank 1,692 0.81 0.91 0.64 14.57 0.64 - 38,366 5.00 5.06 3.49 16.57 1.43 3.0% 269,178 26.80 30.20 15.00 NA NA - 2,725 1.10 1.27 0.85 9.70 0.98 5.5% Aldar Alpha Dhabi Amanat Aramex 6.8 (4.0) 8.5 (7.3) - (11.5) (27.9) 23.4 24.2 40.7 (2.2) (2.3) (2.2) 13.5 12.2 17.0 22.3 34.4 (1.5) 4.3 (1.4) NA 1.7 (0.9) (0.0) 35.5 (2.3) 5,622 3.77 4.80 3.50 31.35 2.11 3.4% (2.5) (5.0) (6.3) ASM 10,699 11.20 16.94 10.46 NM 1.85 - (12.9) (19.8) (23.0) NA BOS 1,166 0.53 0.76 0.49 NA 0.31 - (5.4) (10.2) (14.5) (4.3) Dana Gas 8,464 1.19 1.27 0.77 7.32 1.01 6.7% 8.0 16.3 14.2 Deyaar 67.4 2,710 0.47 0.55 0.26 53.30 0.62 - 1.3 (5.6) (3.3) 75.7 DFM 22,318 2.84 3.05 0.98 NM 2.81 1.1% 20.7 7.0 (0.5) 171.6 DIC 10,714 2.54 2.55 1.51 17.30 0.89 4.7% 9.1 24.8 30.6 62.5 DIB 44,093 6.15 6.63 4.44 11.55 1.13 4.1% 1.3 15.5 17.9 37.2 DU 29,869 6.61 7.28 5.90 27.14 3.50 3.2% 1.5 1.8 1.2 0.6 Easy Lease 1,142 37.10 66.85 19.00 30.81 13.72 - 44.4 26.9 31.2 62.6 Emaar Dev. 17,999 4.55 4.75 2.47 5.55 1.24 - 4.2 2.3 3.0 79.3 Emaar Pro. 48,584 6.04 6.15 3.57 11.41 0.79 2.5% 13.4 19.5 21.5 66.6 ENBD 92,531 14.50 15.50 11.25 10.62 1.11 3.4% (2.0) 13.0 11.7 29.9 1,772 7.20 11.80 3.01 NM 3.61 - (1.1) (11.4) (11.4) Etisalat 323,667 37.78 39.06 21.10 34.74 6.80 2.1% 3.0 21.0 17.4 75.2 FAB 263,795 23.86 24.06 13.94 21.65 2.34 2.1% 9.9 33.2 31.1 71.8 47,148 5.87 5.91 2.92 33.67 7.71 4.1% 14.3 57.7 67.6 NA GFH 4,576 1.20 1.36 0.60 12.88 1.19 3.7% (0.0) (7.0) 0.8 99.3 Ghitha 8,239 81.50 88.00 7.95 NA 8.81 - 199.6 683.3 342,947 194.00 192.90 83.00 46.74 12.66 - 1.8 23.8 23.9 115.2 1,536 1.34 2.32 1.31 33.04 1.61 - (9.5) (28.1) (27.7) (16.4) Mashreq 13,540 67.50 79.95 53.10 13.51 0.67 1.5% 8.7 (11.2) (15.1) 17.3 Multiply 19,150 1.69 2.35 1.51 NA 1.89 - 7.5 (5.0) (7.1) NMDC 12,918 15.86 18.48 6.85 12.84 2.34 - 22.9 18.8 20.1 Palms Sports 1,860 11.42 21.48 10.50 20.25 5.65 - 12.7 4.2 1.5 RAK Bank 8,716 5.20 5.25 3.63 11.53 1.04 4.3% 4.0 10.6 15.6 30.0 RAK Pro. 1,514 0.76 0.97 0.50 7.51 0.37 - (3.3) (2.8) (1.8) 51.7 RAK Cer. 2,842 2.85 3.38 1.60 NM 1.27 7.0% 0.4 2.8 3.9 85.8 RPM 1,600 8.18 20.00 7.05 24.61 6.42 - 2.6 (12.0) (17.1) NA ESG Fertiglobe* IHC Julphar Salama 847 0.71 0.97 0.63 20.77 1.08 - SIB 6,009 1.95 2.12 1.31 11.69 0.78 4.1% Shuaa 1,623 0.65 0.83 0.56 101.43 1.12 - Tabreed 6,999 2.48 3.07 2.33 13.78 1.22 TAQA 139,407 1.25 1.53 1.13 23.39 Waha 3,033 1.53 1.91 1.12 7.51 Yahsat * 6,831 2.79 3.10 2.46 26.66 75.8 229.3 NA NA 123.7 (11.4) 4.6 (9.1) (8.0) (13.7) (0.1) 5.1 4.0 53.7 8.3 (8.3) (6.6) 6.1 2.4% (0.3) 2.0 2.0 (7.8) 2.12 3.8% 4.2 (1.4) (3.7) (5.3) 0.89 4.9% 3.5 1.6 (2.0) 42.1 2.21 5.7% 1.4 1.8 2.2 NA * Expected dividend yield 5
6. 08 April 2022 Top Gainers | GCC TOP 10 REGIONAL WEEKLY GAINERS Company Country Currency CMP MCap 1 Week (USDm) Chng (%) Sector VALUATION TTM P/E TTM P/B Kuwait Telecom Kuwait KWD 19.69 3,230 35.3 Telecom Ghitha UAE AED 81.50 2,243 18.7 Retail AD Ports UAE AED 3.87 5,031 16.9 Fertiglobe UAE AED 5.87 12,838 DFM UAE AED 2.84 6,077 Aayan Leasing Kuwait KWD 1.90 Salalah Mills Oman OMR ACWA Power Oman OMR Air Arabia UAE AED Saudi A. Mining KSA SAR 52 Week High Low 21.9 4.1 19.70 8.22 - 8.8 88.00 7.95 Marine Port 21.8 1.7 3.75 3.22 16.0 Chemical 33.7 7.7 5.91 2.92 15.9 Financial - 2.8 3.05 0.98 446 13.8 Financial 22.3 1.5 2.04 1.39 1.10 143 10.9 Consumers 39.2 1.7 1.10 0.50 0.48 199 10.6 Utilities 8.8 2.1 0.48 0.24 1.78 2,173 9.9 Aviation 11.1 1.3 1.75 1.25 147.20 48,293 9.9 Industrials 34.7 5.1 150.80 54.10 TOP 10 REGIONAL MONTHLY GAINERS Company Country Currency CMP MCap I Month (USDm) Chng (%) Sector VALUATION TTM P/E TTM P/B Ghitha UAE AED 81.50 2,243 75.8 Retail Easy Lease UAE AED 37.10 311 44.4 Kuwait Telecom Kuwait KWD 19.69 3,230 Acwa Power KSA SAR 141.20 Alinma Bank KSA SAR Dallah Healthcare KSA SAR NM Dredging UAE AED Tamdeen Inv. Kuwait KWD Zad Holding Qatar Al Omaniya FinancialOman 52 Week High Low - 8.8 88.00 7.95 Consumers/others 30.8 13.7 66.85 19.00 39.6 Telecom 21.9 4.1 19.70 8.22 27,522 28.8 Utilities - 7.7 189.00 63.30 42.00 22,395 27.3 Banking 30.8 2.7 42.35 17.32 110.00 2,639 27.0 Healthcare 38.3 5.3 112.00 55.00 15.86 3,518 22.9 Industrial 12.8 2.3 18.48 6.85 4.80 544 22.8 Holding Co. 31.6 0.6 5.05 2.00 QAR 20.00 1,432 22.0 Retail 27.4 3.4 20.23 14.70 OMR 0.17 137 20.0 Financials 22.0 0.8 0.18 0.07 TOP 10 REGIONAL YEAR TO DATE GAINERS Company MCap YTD Country Currency CMP (USDm) Chng (%) Ghitha UAE 81.50 2,243 199.6 Retail Kuwait Telecom Kuwait KWD 19.69 3,230 130.3 Telecom Aluminium Bahrain Bahrain BHD 1.55 5,838 100.9 Basci Materials National Inv. Kuwait KWD 4.23 1,109 93.2 Saudi A. Mining KSA SAR 147.20 48,293 Alinma Bank KSA SAR 42.00 Acwa Power KSA SAR 141.20 Fertiglobe UAE AED Gulf Cable Kuwait KWD Al Omaniya FinancialOman AED OMR Sector VALUATION TTM P/E TTM P/B 52 Week High Low - 8.8 88.00 7.95 21.9 4.1 19.70 8.22 4.9 1.5 1.81 0.52 Holding Co. 13.8 1.6 4.75 1.66 87.5 Industrials 34.7 5.1 150.80 54.10 22,395 75.3 Banking 30.8 2.7 42.35 17.32 27,522 68.1 Utilities - 7.7 189.00 63.30 5.87 12,838 67.6 Chemical 33.7 7.7 5.91 2.92 13.72 946 57.5 Industrial Goods 17.9 1.3 15.13 7.28 0.17 137 55.0 Financials 22.0 0.8 0.18 0.07 Note: Market capitalisation is in USD million while closing prices are as per local currencies . 6
7. 08 April 2022 Top Losers | GCC TOP 10 REGIONAL WEEKLY LOSERS Company Country Currency CMP MCap 1 Week (USDm) Chng (%) Sector TTM P/E TTM P/B Al Ahlia Insurance Oman OMR 0.30 78 (9.6) Insurance Kuwait Inv. Co. Kuwait KWD 2.69 487 (7.9) Financials Al Moammar Information KSASystems SARCo CJSC 141.60 944 (6.2) IT Waha Capital UAE AED 1.53 826 Oman Int. Dev. Oman OMR 0.32 SAR National Gas & Ind. KSA VALUATION 6.1 0.7 52 Week High Low 0.37 0.30 5.5 1.1 3.17 1.30 49.1 11.5 178.60 101.40 (6.1) PE/Diversified 7.5 0.9 1.91 1.12 552 (5.9) Financials 8.7 0.9 0.34 0.29 48.00 960 (5.3) Energy 17.8 2.2 64.50 32.40 National Inv. Kuwait KWD 4.23 1,109 (4.7) Holding Co. 13.8 1.6 4.75 1.66 Bahrain Telecom Bahrain BHD 0.55 2,440 (4.7) Telecom 13.9 1.9 0.62 0.54 Al Ahleia Ins. Kuwait KWD 5.15 373 (4.6) Insurance 8.1 0.9 6.12 4.41 Noor Financial Kuwait KWD 3.15 428 (4.3) Financial 7.2 1.5 3.99 2.02 TOP 10 REGIONAL MONTHLY LOSERS Company Country Currency CMP MCap (USDm) 1 Month Sector High Low Kuwait KWD 6.47 531 (47.8) Healtcare 17.4 3.2 12.60 5.58 NB Quwain UAE 1.64 825 (18.0) Banking 11.5 0.6 2.02 1.35 Independent Petro. Kuwait KWD 5.10 316 (14.1) Energy 12.8 0.9 6.69 4.85 National Ind. KSA SAR 22.38 3,991 (10.7) Petro- Chem 11.0 1.7 27.40 15.98 United Dev. Co. Qatar QAR 1.50 1,459 (10.4) Real Estate 16.3 0.5 1.78 1.42 Human Soft Kuwait KWD 32.90 1,321 (10.1) Consumers 6.4 3.0 39.40 30.06 (9.6) Energy 17.8 2.2 64.50 32.40 (8.9) Banking 9.8 1.0 5.10 3.85 (8.8) Insurance 8.1 0.9 6.12 4.41 1.2 0.17 0.08 National Gas & Ind. KSA SAR 48.00 960 CBD UAE AED 4.70 3,510 Al Ahleia Ins. Kuwait KWD 5.15 373 Oman Investment andOman FinanceOMR Co SAOG 0.14 86 TTM P/E TTM P/B 52 Week Al-Maidan Clinic AED Chng (%) VALUATION (8.5) Industrial & Commercial Services 8.6 TOP 10 REGIONAL YEAR TO DATE LOSERS Company Country Currency CMP MCap (USDm) YTD Sector Chng (%) Apex Investment UAE AED 5.55 753 (17.9) Mineral Resources Dhofar Int. Dev. Oman OMR 0.17 175 (17.5) Financial Al Ahlia Insurance Oman OMR 0.30 78 (16.2) Insurance Arkan UAE AED 1.19 2,219 (16.2) Construction Doha Bank Qatar QAR 2.62 2,232 Mashreqbank UAE AED 67.50 3,687 NBMC KSA SAR 290.00 928 Agthia UAE AED 4.48 National Gas & Ind. KSA SAR Herfy Food SAR KSA VALUATION TTM P/E TTM P/B 52 Week High Low - 4.4 8.70 0.66 - 0.7 0.24 0.16 6.1 0.7 0.37 0.30 - 1.1 1.84 0.78 (15.8) Bank 11.5 0.6 3.22 2.27 (15.1) Banking 13.5 0.7 79.95 53.10 (12.9) Consumer 43.1 14.4 430.00 246.00 983 (11.5) Food & Beverages 17.6 1.3 7.32 4.31 48.00 960 (11.4) Energy 17.8 2.2 64.50 32.40 55.50 957 (11.1) Consumer 22.3 3.4 77.90 54.90 Note: Market capitalisation is in USD million while closing prices are as per local currencies. 7
8. 08 April 2022 GCC Market Focus List GCC FOCUS LIST MCAP Price HIGH - LOW VALUATION DIV HISTORICAL RETURN Company Country Sector Cur . Aramco KSA Energy SAR 42.9 2,284,785 46.0 34.4 21.7 7.7 3.3 (0.6) Al Rajhi Bank KSA Banking SAR 164.4 109,574 169.8 89.7 27.9 6.1 0.9 2.4 SABIC KSA Petro- Chem SAR 134.4 107,494 141.4 106.8 17.5 2.2 3.0 IHC UAE UAE PE/Diversified AED 194.0 93,380 192.9 83.0 46.7 12.7 Etisalat UAE Telecom AED 37.8 88,130 39.1 21.1 34.7 6.8 NCB KSA Banking SAR 72.0 85,957 75.3 52.2 20.9 2.0 Alpha Dhabi UAE Holding Co. AED 26.8 73,294 30.2 15.0 - 11.7 FAB UAE Banking AED 23.9 71,828 24.1 13.9 21.7 Saudi Telecom KSA Telecom SAR 116.0 61,852 139.8 103.2 QNB Qatar Bank QAR 24.3 61,635 25.0 17.4 Saudi A. Mining KSA Industrials SAR 147.2 48,293 150.8 TAQA UAE Energy AED 1.3 37,959 Industries Qatar Qatar Consumers QAR 19.6 32,577 KFH Kuwait Financial KWD 10.1 30,721 Riyad Bank KSA Banking SAR 38.4 Saudi Electricity KSA Utilities SAR 27.0 Acwa Power KSA Utilities SAR NBK Kuwait Banking ENBD UAE Banking Sabic Agri. KSA Saudi B. Bank Alinma Bank USDM 52WH 52WL TTM P/E TTM P/B YLD(%) 1W% 1M% 3M% YTD (4.4) 20.9 20.7 6.9 15.4 15.9 2.6 (3.3) 13.9 15.9 - 3.2 1.8 23.8 23.9 2.1 1.3 3.0 21.0 17.4 2.2 1.6 6.7 6.7 11.8 - (0.9) (1.5) 4.3 (1.4) 2.3 2.0 1.9 7.5 30.3 31.1 20.5 3.3 3.4 7.6 4.3 3.2 4.1 18.4 2.3 2.3 5.3 4.7 20.5 23.4 54.1 34.7 5.1 - 9.9 13.2 83.8 87.5 1.5 1.1 23.4 2.1 2.2 (3.1) 3.3 (2.3) (3.7) 20.4 11.9 14.7 3.0 5.1 3.2 (2.0) 22.0 32.9 10.4 6.4 38.1 4.3 1.0 - 10.9 32.5 34.6 30,713 38.6 23.5 19.1 2.4 2.7 2.3 4.5 38.4 41.7 29,937 31.0 23.2 7.8 0.4 2.6 1.7 (4.1) 11.2 12.4 141.2 27,522 189.0 63.3 126.2 7.7 - 5.5 28.8 68.3 68.1 KWD 10.6 26,177 11.0 7.7 23.5 2.0 2.6 (4.0) (0.4) 9.2 14.0 AED 14.5 25,195 15.5 11.3 - 1.1 2.6 (3.3) (2.0) 9.3 11.7 Chemicals SAR 182.6 23,174 202.4 98.6 16.6 5.6 2.3 0.4 (8.4) 8.9 3.4 KSA Banking SAR 41.1 22,515 42.1 27.0 26.4 1.6 2.1 3.3 6.3 - 24.5 KSA Banking SAR 42.0 22,395 42.4 17.3 30.8 2.7 1.8 8.1 27.3 65.4 75.3 ADCB UAE Banking AED 10.7 20,079 11.3 6.0 14.5 1.2 3.5 1.7 (1.3) 23.3 28.7 Dr SAH M. Ser. KSA Healthcare SAR 188.0 17,542 196.0 127.4 47.8 12.3 1.5 (1.3) 11.6 - 16.5 Banking SAR 53.8 17,284 55.6 34.0 18.7 1.6 3.8 0.2 0.7 16.7 13.9 32.8 41.4 Banque S. Fransi KSA QIB Qatar Bank QAR 25.2 16,365 26.0 16.3 17.7 2.4 4.0 5.7 13.2 ADNOC Dri. UAE Energy AED 3.6 15,465 3.9 2.8 25.5 5.8 4.2 (2.4) (6.3) 4.4 4.4 Masraf Al Rayan Qatar Bank QAR 5.5 14,177 5.6 4.3 24.2 2.1 3.1 - 8.3 11.5 19.6 ADNOC Dis. UAE Energy AED 4.1 14,124 5.0 3.9 23.0 16.2 5.0 (0.5) - (1.0) (0.4) Almarai KSA Consumer SAR 52.2 13,917 64.9 46.3 33.4 3.2 1.9 2.0 4.6 8.5 Real Estate AED 6.0 13,229 6.2 3.6 11.4 0.8 2.5 0.8 13.4 19.5 - Emaar Properties UAE 7.1 Bank Albilad KSA Banking SAR 65.0 12,997 66.5 34.5 28.8 4.1 - 4.8 15.5 34.3 40.2 Fertiglobe UAE Chemical AED 5.9 12,838 5.9 2.9 33.7 7.7 - 16.0 14.3 51.9 67.6 DIB UAE Banking AED 6.2 12,006 6.6 4.4 11.5 1.1 4.1 (0.8) (2.7) 10.9 17.9 Ahli U. Bank Bahrain Banking USD 1.2 11,756 1.2 0.7 21.0 2.1 2.6 5.5 13.2 27.5 24.7 Arab N. Bank KSA Banking SAR 29.3 11,717 29.6 20.9 20.2 1.4 2.7 5.4 8.9 17.3 28.2 EIB UAE Banking AED 7.5 11,044 7.5 6.5 49.3 4.7 - - - - - Sahara Petro. KSA Petro- Chem SAR 53.5 10,460 56.2 22.7 10.8 2.7 4.2 (0.4) 2.3 27.2 27.4 Aldar Prop. UAE Real Estate AED 5.0 10,447 5.1 3.5 16.6 1.4 3.1 2.2 12.2 17.0 22.3 Yanbu N. Petro KSA Petro- Chem SAR 67.4 10,108 86.5 63.0 24.8 2.5 4.5 0.7 (6.4) (1.9) 0.3 Note: Market capitalisation is in USD million while closing prices are as per local currencies. 8
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