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1. Daily Market Report Saudi Arabia Stock Exchange 05 March 2017 TASI Index Turnover (SAR mn) 7,016.7 4,920.3 Global commentary TASI Intra Day Movement Intraday Previous Close 10:00 10:15 10:30 10:45 11:00 11:15 11:30 11:45 12:00 12:15 12:30 12:45 13:00 13:15 13:30 13:45 14:00 14:15 14:30 14:45 7,030 7,020 7,010 7,000 6,990 6,980 6,970 6,960 6,950 6,940 6,930 Research Department research@alrajhi-capital.com Tel:+966 11 211 9370 0.72% 48%  US stock markets advanced over the past week, owing to the US President’s pledge to initiate tax reforms, increase infrastructure spending and reduce regulations. Further, the Fed Chairwoman, in her speech on Friday, hinted at an interest rate hike in the near term. The Dow Jones and the S&P 500 gained 0.9% and 0.7%, respectively, while the Nasdaq Composite Index rose 0.4%.  European markets gained last week, backed by the prospects of a rise in US fiscal spending. The CAC 40 and the DAX advanced 3.1% and 1.9%, respectively, while the FTSE 100 rose 1.8%, as the weaker pound helped export-oriented stocks.  GCC markets fell over the previous week. Qatar declined 1.9%, led by banking stocks, while Dubai and Abu Dhabi dropped 1.4% and 1.2%, respectively. Meanwhile, Bahrain, Oman and Kuwait lost 0.6% each.  Most Asian markets dropped last week. The Hang Seng Index and the Shanghai Composite Index declined 1.7% and 1.1%, respectively, while the KOSPI lost 0.7%. On the other hand, the Nikkei 225 rose 1.0%, backed by the weaker yen.  Brent crude rose 1.5% on Friday, owing to a report suggesting an armed attack on Libya’s major oil ports. Key crude contracts Brent and WTI ended at US$ 55.90 (+1.5%) and US$ 53.33 (+1.4%), respectively. TASI – Activity Trend (Last 10 Days) Thousands Turnover (LHS, SAR bn) TASI Index (RHS) 6 9,000 8,500 8,000 7,500 7,000 6,500 6,000 5,500 5,000 4 2 2-Mar 1-Mar 28-Feb 27-Feb 26-Feb 23-Feb 22-Feb 21-Feb 20-Feb 19-Feb - Regional Indices WTD% 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 YTD% -2.7 2.7 17.7 1.1 1.5 0.6 9.9 0.8 Major Com m odities / Currencies Close 1D % WTD % Gold Spot $/Oz 1,235 0.0 -1.8 Silver Spot $/Oz 17.98 1.2 -2.1 Crude Oil (Brent) 55.90 1.5 0.0 OPEC Basket 53.69 -0.8 0.2 Euro 1.06 1.1 0.6 USD Index 101.54 -0.6 0.0 JPY 114.040 0.4 -1.7 YTD % 7.1 13.0 -3.7 0.7 1.0 -0.7 2.6 Major Global Indices Close DJ Industrial 21,006 S&P 500 2,383 Nikkei 225 19,469 Hang seng 23,553 FTSE 100 7,374 CAC 40 4,995 MSCI World 1,849 MSCI EM 931 YTD % 6.3 6.4 1.9 7.1 3.2 2.7 5.6 8.0 KSA (TASI) Qatar (DSM) Kuw ait (KSE) Abu Dhabi (ADSM) Dubai (DFM) Oman (MSM30) Bahrain (BSE) MSCI GCC Close 7,017 10,721 6,767 4,596 3,584 5,815 1,342 481 1D% 0.7 -0.3 0.4 0.6 -1.0 0.4 -0.2 0.0 1D % WTD % 0.0 0.0 0.1 0.0 -0.5 0.0 -0.7 0.0 -0.1 0.0 0.6 0.0 0.0 0.0 -0.6 0.0 Saudi commentary  Tadawul All Share Index (TASI) gained 50.13 points or 0.72 % to close at 7,016.66. All the twenty sector indices closed higher. The advance decline ratio was 117/37. Trading turnover was around SAR 4.9bn.  Saudi Electricity exempted from 2% power consumption fee: Saudi Electricity Co. (SEC) has been exempted from paying a 2 percent power consumption fee to the municipalities by virtue of a royal decree on Monday, the utility firm said in a statement to Tadawul on Thursday. (Argaam)  Al Tayyar denies Indonesian hajj, tourism deals: Al Tayyar Group on Thursday denied news that it signed agreements with Indonesian hajj, umra and tourism unions worth SAR 5 billion ($1.333 billion). (Mubasher)  Arabian Cement calls on shareholders to run for board of directors: Arabian Cement Co. has called on eligible shareholders to run for the board of directors’ membership from March 2 to March 16, the company said in a statement. (Argaam)  Sipchem CEO denies fire rumors at Jubail factory: Saudi International Petrochemical Co.’s (Sipchem) factory in Jubail Industrial City did not catch on fire, said Ahmed Alohali, the company’s chief executive officer. (Argaam) Interest Rates 1M 3M 12M 3M Chg 1Y LIBOR (USD) 0.83 1.10 1.81 0.47 SAIBOR 1.38 1.77 2.21 0.03 EIBOR 0.97 1.41 2.14 0.37 Data Sources: Bloomberg Updated as of 05/Mar/2017 7:59 AM Please see penultimate page for additional important disclosures. Al Rajhi Capital (Al Rajhi) is a foreign broker-dealer unregistered in the USA. Al Rajhi research is prepared by research analysts who are not registered in the USA. Al Rajhi research is distributed in the USA pursuant to Rule 15a-6 of the Securities Exchange Act of 1934 solely by Rosenblatt Securities, an SEC registered and FINRA-member broker-dealer. 1
2. Daily Market Report Saudi Arabia Stock Exchange TASI – Large Cap (>10% Index weight) Sectors’ Performance TASI – Top Gainers / Losers 1D % (LHS) 1.4 MTD % (LHS) YTD % (RHS) 1.2 1.0 0.8 0.6 0.4 0.2 0.0 TASI Materials Banks Real Estate 0.0 -1.0 -2.0 -3.0 -4.0 -5.0 -6.0 -7.0 -8.0 Telecom TASI – Mid Cap (5 -10% index weight) Sectors’ Performance 1D % (LHS) 3.0 MTD % (LHS) YTD % (RHS) 12.0 10.0 2.5 8.0 2.0 6.0 1.5 4.0 1.0 2.0 0.5 0.0 0.0 -2.0 -0.5 Insurance Food & Beverages Capital Goods Utilities Retailing -4.0 TASI – Small Cap (<5% index weight) Sectors’ Performance Media Consumer Durables & Apparel Pharma YTD % (RHS) Commercial & Professional Svc Diversified Financials Food & Staples Retailing MTD % (LHS) Transport Consumer Services Health Care Equipment & Svc 1D % (LHS) Energy 6 5 4 3 2 1 0 -1 15.0 10.0 5.0 0.0 -5.0 -10.0 -15.0 -20.0 Last Price 52Wk High 15.23 15.23 19.39 19.39 121.19 121.75 13.69 13.80 97.15 98.50 % Diff 0.0% 0.0% 0.5% 0.8% 1.4% Last Price 35.20 32.57 14.88 20.91 17.51 Chg % 9.8 7.1 4.4 4.1 3.8 Vol (mn) Value Trd (SAR mn) 7.481 251.68 1.648 51.29 41.279 616.69 2.338 48.72 2.327 41.15 Company Amana Coop Ins Al-Ahlia Coop Ins ANB Ins Al Rajhi Takaful Malath Insurance Last Price 19.2 12.6 23.1 47.4 8.5 Chg % -1.5 -1.2 -1.1 -1.0 -0.9 Vol (mn) Value Trd (SAR mn) 1.046 20.04 1.177 14.88 0.558 13.05 0.482 23.02 0.554 4.70 TASI – Top Index Movers / Losers (Heavy weight stocks) Company Al Tayyar Jabal Omar Saudi Elec Maaden Mobily Last Price 35.20 66.76 24.36 40.94 21.96 Chg % 9.8 1.2 1.8 1.5 2.7 Index Imp Value Trd (SAR mn) 4.4 7.48 4.4 0.18 3.1 2.14 2.5 0.51 2.5 1.83 Company Samba South Pro Cem Qassim Cement Saudi Chem Co Najran Cement Last Price 21.51 69.02 58.00 35.23 11.73 Chg % -0.2 -0.7 -0.9 -0.9 -0.9 Index Imp Value Trd (SAR mn) -0.4 25.65 -0.3 1.13 -0.3 2.50 -0.2 4.44 -0.1 34.06 Chg % 4.4 1.9 -0.1 9.8 2.5 0.3 2.0 0.6 1.2 2.2 Vol (mn) Value Trd (SAR mn) 41.279 616.69 40.629 244.68 22.694 333.71 7.481 251.68 6.837 92.90 4.972 483.24 4.681 47.53 4.423 288.63 4.374 36.65 4.283 58.63 TASI – Volume Leaders Company Riyadh REIT Dar Al Arkan Alinma Bk Al Tayyar Petro Rabigh Sabic Saudi Paper Mfg STC Saudi Kayan Jazan Devt Last Price 14.88 6.06 14.66 35.20 13.69 97.15 10.15 65.65 8.40 13.52 TASI - Stocks Closer to 52 Week Low TASI – Stocks Closer to 52 Week High Company Sanad Coop Ins Weqaya For Takaf Co For Coop Ins Petro Rabigh Sabic Company Al Tayyar Al Hokair Riyadh REIT Umm Al Qura Cem Saudi Printing & Pkg Value Trd (SAR mn) 0.000 0.000 28.550 92.902 483.243 Company Sanad Coop Ins Weqaya For Takaf Saudi Vitrified Tihama Kingdom Hold Last Price 52Wk Low 15.23 15.23 19.39 19.39 56.83 55.25 23.44 22.25 11.10 9.90 % Diff 0.0% 0.0% 2.9% 5.3% 12.1% Value Trd (SAR mn) 0.000 0.000 7.142 40.626 5.732 Data Sources: Al Rajhi Capital, Bloomberg Disclosures Please refer to the important disclosures at the back of this report. 2
3. Daily Market Report Saudi Arabia Stock Exchange Performance of Regional markets Country Saudi Arabia Qatar Dubai Abu Dhabi Kuw ait Oman Bahrain Last Close 7 ,017 10,721 3,584 4,596 6,767 5,815 1,342 Index 1D 0.7 -0.3 -1.0 0.6 0.4 0.4 -0.2 Change (%) 1M YTD 0.6 -2.7 0.2 2.7 -1.3 1.5 1.0 1.1 -0.2 17.7 0.6 0.6 -0.6 9.9 MCap US$ bn 438 136 84 119 96 17 22 Volume mn shr 210 9.3 289 111 274 9 1.7 Turnover US$ mn 1,238 80 127 64 72 8 1 P/E (x) 12M 17.3 15.7 15.3 12.9 22.6 11.0 8.6 P/E (x) 2016 14.3 13.4 10.5 12.3 NA 9.6 NA P/E (x) 2017E 12.9 11.9 9.0 10.8 NA 9.3 NA P/B (x) Current 1.6 1.6 1.3 1.4 1.2 1.2 0.7 Div Yld 12M (%) 3.3 3.7 3.8 5.3 3.5 4.9 4.7 Data Sources: Al Rajhi Capital, Bloomberg 26-Feb 23-Feb 22-Feb 21-Feb 20-Feb 19-Feb 0.0 Abu Dhabi – Activity Trend (Last 10 Days) Turnover (LHS, AED bn) 5.0 1D % (LHS) MTD % (LHS) Dubai – Top Gainers / Losers YTD % (RHS) ADSMI Index (RHS) 0.5 5,000 8.0 6.0 Services Telcom Transport -5.0 Investment Insurance Reality Bank 0.0 1D % (LHS) MTD % (LHS) YTD % (RHS) 20.0 1.5 15.0 1.0 10.0 Consumer Insurance Services Industrial Banks Telecome Energy -2.0 -5.0 -10.0 -20.0 Qatar – Sector Performances DSM Index (RHS) 11,200 0.6 1D % (LHS) MTD % (LHS) 0.3 YTD % (RHS) 2.0 10.0 1.5 8.0 6.0 4.0 2.0 Insurance Real Estate Transport Consumer -1.0 Telecom Bank -0.5 DSM 2-Mar 1-Mar 28-Feb 27-Feb 26-Feb 23-Feb 22-Feb 21-Feb 20-Feb 10,400 19-Feb Last Price Change % 5.59 -9.3 1.02 -3.8 1.50 -2.0 0.45 -1.4 0.94 -1.1 Vol (mn) 10.43 55.27 0.69 2.04 0.33 Company Investbank Abu Dhabi Nat Co National Takaful ADCB ADIsB Last Price Change % 2.30 11.1 0.65 8.3 0.67 6.4 7.29 4.1 3.96 2.1 Vol (mn) 1.249 0.048 0.062 2.995 1.619 Company Al Buhaira Nat Ins Al Khazna Ins RAK Ceramics Intl Fish Farming NA Last Price Change % 2.16 -9.6 0.43 -4.4 2.31 -1.7 1.92 -1.0 NA NA Vol (mn) 0.044 0.530 0.021 1.615 NA Company Ezdan Hold Ooredoo CBQ Qatar Insurance United Devt Co Last Price Change % 15.58 0.9 107.80 0.5 31.80 0.3 74.00 0.3 21.89 0.2 Vol (mn) 2.290 0.042 0.139 0.057 0.285 Company Aamal Co Qatar Navigation QNB Qatary investors Doha Bank Last Price Change % 15.10 -2.6 86.00 -2.2 150.70 -1.5 57.60 -1.2 39.00 -1.1 Vol (mn) 0.383 0.081 0.236 0.213 0.458 0.5 0.0 0.0 Company DIB DXB Entertainments Gulf Navigation Ajman Bank Dubai Islamic Ins Qatar – Top Gainers / Losers 1.0 10,800 Vol (mn) 0.00 48.11 0.53 3.57 18.85 0.0 -15.0 -2.5 Qatar – Activity Trend (Last 10 Days) 0.9 -1.5 Fin.Services 2-Mar 1-Mar 28-Feb 27-Feb 26-Feb 23-Feb 22-Feb 4,000 21-Feb 0.0 5.0 ADSM -1.0 Last Price Change % 3.10 6.9 1.26 3.3 8.30 3.0 1.94 2.7 0.61 2.4 Abu Dhabi – Top Gainers / Losers 2.0 0.0 Company National Cement Air Arabia ENBD Tabreed Deyaar Devt 0.0 Abu Dhabi – Sector Performances -0.5 20-Feb 2.0 -4.0 Real Estate 4,500 19-Feb 4.0 -2.0 -10.0 0.5 Turnover (LHS, QAR bn) 10.0 2-Mar 0.4 1-Mar 0.8 28-Feb DFMGI Index (RHS) 3,660 3,640 3,620 3,600 3,580 3,560 3,540 3,520 3,500 27-Feb Turnover (LHS, AED bn) Dubai – Sector Performances DFM Dubai – Activity Trend (Last 10 Days) 0.0 -2.0 -4.0 Data Sources: Al Rajhi Capital, Bloomberg Disclosures Please refer to the important disclosures at the back of this report. 3
4. Daily Market Report Saudi Arabia Stock Exchange Oman – Activity Trend (Last 10 Days) 2-Mar 1-Mar 28-Feb Oil&Gas Healthcare Insurance Basic material Telecom Consumer Parallel Services Bank Fin. Services Industrial Real estate Investment KSE 0.7 0.6 0.5 0.4 0.3 0.2 Bank Industry 9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0.0 -1.0 -2.0 Services Bahrain – Sector Performances 0.2 1D % (LHS) MTD % (LHS) YTD % (RHS) -0.6 -0.8 -1.0 Services -0.4 Industries -0.2 Company Natl Petroleum A'ayan Real Est Burgan Co For We Sanam Real Est Energy House Hol Last Price Change % 1240 8.8 80 6.7 85 6.3 52 6.1 43.5 6.1 Vol (mn) 0.270 3.600 1.380 0.008 0.199 Company Last Price Change % Wethaq Takaful 48.5 -6.7 Hayat Communications 77 -6.1 Kuw ait Cable Vision 24 -5.9 Kuw ait Building 160 -5.9 Osoul Investment 70 -5.4 Vol (mn) 0.215 0.214 0.399 0.348 0.201 Company Ooredoo Oman Invest &Fin Renaissance Serv Oman Telecom Al-Anw ar Ceramic Last Price Change % 0.588 3.2 0.227 1.8 0.254 1.6 1.385 1.5 0.165 1.2 Vol (mn) 1.729 1.958 0.132 0.338 0.087 Company Bank Nizw a Galfar Engineering Bank Muscat Gulf Intl Chem NA Last Price Change % 0.090 -1.1 0.092 -1.1 0.476 -0.4 0.284 -0.4 NA NA Vol (mn) 1.800 0.426 0.794 0.046 NA Bahrain – Top Gainers / Losers 0.0 Insurance BHSEASI Index (RHS) 27-Feb 26-Feb 23-Feb 22-Feb 21-Feb 20-Feb YTD % (RHS) 0.0 1,360 1,350 1,340 1,330 1,320 1,310 1,300 19-Feb Thousands MTD % (LHS) 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0 Oman – Top Gainers / Losers 0.8 MSM 30 6.0 5.0 4.0 3.0 2.0 1.0 - YTD % (RHS) 0.1 Bahrain – Activity Trend (Last 10 Days) Turnover (LHS, BHD mn) 1D % (LHS) 0.9 Hotel & Tourism 27-Feb 26-Feb 23-Feb 22-Feb 21-Feb 20-Feb 19-Feb 0 MTD % (LHS) Kuwait – Top Gainers / Losers Oman – Sector Performances Banks 4 1D % (LHS) BSE 8 2-Mar 12 1-Mar MSM30 Index (RHS) 5,880 5,860 5,840 5,820 5,800 5,780 5,760 5,740 5,720 28-Feb Turnover (LHS, OMR mn) 16 8.0 6.0 4.0 2.0 0.0 -2.0 -4.0 -6.0 Technology 6,840 6,820 6,800 6,780 6,760 6,740 6,720 6,700 6,680 Kuwait – Sector Performances 2-Mar 1-Mar 28-Feb 27-Feb 23-Feb 22-Feb 20-Feb 19-Feb 21-Feb Turnover (LHS, KWD mn) KWSEIDX Index (RHS) 70 60 50 40 30 20 10 0 16-Feb Thousands Kuwait – Activity Trend (Last 10 Days) 20.0 15.0 10.0 5.0 Company Nass Corp Al-Salam Bank BBK NA NA Last Price Change % 0.112 3.7 0.116 0.9 0.398 0.5 NA NA NA NA Vol (mn) 0.307 0.030 0.040 NA NA Company Ithmaar Bank Khaleeji Com Bk Ahli United Bk NA NA Last Price Change % 0.180 -2.7 0.103 -1.9 0.780 -0.6 NA NA NA NA Vol (mn) 0.311 0.061 0.325 NA NA 0.0 -5.0 -1.2 -10.0 -1.4 -15.0 Data Sources: Al Rajhi Capital, Bloomberg Disclosures Please refer to the important disclosures at the back of this report. 4
5. Daily Market Report Saudi Arabia Stock Exchange IMPORTANT DISCLOSURES FOR U .S. PERSONS This research report was prepared by Al Rajhi Capital (Al Rajhi), a company authorized to engage in securities activities in Saudi Arabia. Al Rajhi is not a registered broker-dealer in the United States and, therefore, is not subject to U.S. rules regarding the preparation of research reports and the independence of research analysts. This research report is provided for distribution to “major U.S. institutional investors” in reliance on the exemption from registration provided by Rule 15a-6 of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”). 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6. Daily Market Report Saudi Arabia Stock Exchange Disclaimer and additional disclosures for Equity Research Disclaimer This research document has been prepared by Al Rajhi Capital Company (“Al Rajhi Capital”) of Riyadh, Saudi Arabia. It has been prepared for the general use of Al Rajhi Capital’s clients and may not be redistributed, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of Al Rajhi Capital. Receipt and review of this research document constitute your agreement not to redistribute, retransmit, or disclose to others the contents, opinions, conclusion, or information contained in this document prior to public disclosure of such information by Al Rajhi Capital. The information contained was obtained from various public sources believed to be reliable but we do not guarantee its accuracy. 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