MENA Daily Fixed Income Report - 27 October

Transcription

1. Research @M arkaz.com Daily Morning Brief Equity Watch October 27, 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 2,342 144 187 107 107 64 21 11 107 8,155 9,808 4,625 5,469 6,577 2,167 1,435 3,564 -0.1 0.0 0.0 1.2 -1.7 -1.7 -0.5 -0.0 -0.0 -0.9 -1.7 -1.8 2.4 0.4 0.4 -4.7 0.0 -1.4 -8.0 3.2 -2.8 5.7 -5.9 6.5 -8.9 1.2 -13.0 1.9 -9.3 5.5 -21.6 -16.0 -10.9 4.0 -10.5 -10.4 1.3 2.7 -3.3 1.4 -9.2 2.8 -9.7 15 18 15 13 13 13 7 9 8 44,996 30,442 2,080 5,906 2,390 3,401 5,792 1,619 -1.7 -1.9 -1.2 -0.4 1.0 1.1 -1.3 -0.4 1.3 5.3 -23.2 -5.9 5.5 9.6 -8.3 -2.9 7.0 10.2 -2.0 0.9 25 28 17 18 6,371 5,729 1,057 1,131 3,407 40,146 -0.5 -0.8 -1.3 4.5 1.0 5.5 1.4 6.6 -2.7 0.6 -1.6 6.6 6.0 -0.8 8.4 19 15 24 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 3,035 206 93 95 18 3,116 Kuw ait 222 166 12 94 60 203 UA E 260 132 28 27 77 162 Q atar 135 46 28 15 3 177 Bahrain 2 44 16 6 22 3 O man 2 121 5 8 108 2 T otal 3 ,6 5 6 715 182 245 288 3 ,6 62 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 1,819 S A BIC 74 S audi Telecom 55 A l-Rajhi Bank 44 NC B 32 United A r ab Emirates TA QA 43 E TIS ALAT 40 34 FAB 19 Intl. H olding C o. E mirates N BD 16 Kuwait 19 N BK 17 KF H 8 Zain 6 Bouby an Bank 4 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 14 11 9 C lose P rice- C hange % M TD % YTD % 3-Yr 5-Yr C A GR C A GR P /E TTM 34 93 103 66 39 -1.2 -0.6 -0.3 -0.4 -5.0 4.8 2.6 0.5 6.2 -3.3 -1.4 1.2 0.9 -19.9 -2.0 16.5 16.3 8.2 2.4 10.0 14.5 1.8 28 19 17 11 1 17 11 39 10 -0.7 0.7 0.7 -0.3 -2.0 2.9 2.2 0.9 -0.1 -10.7 172.6 4.0 -25.2 529.0 -26.8 29.1 -1.8 3.3 199.6 6.6 23.2 2.2 5.4 102.0 1.8 17 12 55 8 849 662 597 607 668 -2.4 -2.5 -0.8 -1.0 -1.2 -2.4 0.2 4.0 2.0 1.7 -16.7 -10.2 -0.5 -0.6 -6.1 8.0 13.7 5.0 17.7 6.5 6.2 13.7 9.7 13.6 15.7 20 25 13 39 20 18 0.7 -2.2 -13.6 13.5 5.2 14 9 2 16 4 -1.3 2.0 -1.0 -4.1 -2.0 -0.6 1.9 -8.1 209.1 7.0 7.0 -0.2 27.4 19.4 6.4 -5.1 -0.5 6.8 -0.4 36 5,941 14 15 KIBOR Yield Curve (%) 5-year CDS Spread C ountry A ldar P roperties A rabian C entres C ompany N ational C entral C ooling C o M obile Telecommunications S audi A rabia S audi G round S erv ices C o Top 5 Losers *  C ountry UA E KS A UA E KS A KS A M . C ap C hange M TD (U S D Bn) % % 5.4 14.9% 26.4% 3.2 8.0% -4.1% 1.8 6.0% 11.7% 3.1 5.7% -6.7% 1.5 4.6% -4.1% 2019 70.4 43.2 141.3 43.9 42.0 263.0 343.7 - 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 1,336.9 Interest Rate Watch Deposit Rate  C ompanies 52-Week C urrent 3M Rate % S pread % U .S . 0.1 Kuw ait 1.3 KS A ** 0.7 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 % 17.6% -12.5% 29.7% 7.8% -16.5% 1.2 0.6 0.0 0.2 2.1 1.9 -0.7 5YR Rate 10YR Rate 0.3 0.8 0.9 0.7 1.9 5.0 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 ompanies C ountry N etw ork International H oldings Damac P roperties Dubai C o G ulf Bank Warba Bank M ouw asat M edical S erv ices C ompany UA E UA E Kuw ait Kuw ait KS A M . C ap C hange (U S D Bn) % 1.6 1.7 2.3 1.2 3.5 -8.8% -4.6% -3.4% -3.3% -2.9% M TD % YTD % 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 -19.9% -65.9% 12.9% 40.0% 2.7% -25.4% -5.2% -9.9% 5.8% 50.2% 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 Multi-Commodities Centre, a free economic zone, has rolled out an offer to international companies to set up a representative office in the emirate in five working days for a free 6month trial period with no upfront fees. – Zawya  Saudi ministry has closed the October 2020 domestic sukuk issuance worth SR 270mn in two tranches maturing in 2027 and 2032. – Zawya C lose P rice 1,901.7 24.3 40.5 13,066 C hange % 0.0 -1.1 -3.1 0.2 M TD % 0.9 4.8 -1.2 21.2 YTD % 25.4 36.4 -38.7 82.3 High 52-Week Low 2,063.2 29.2 68.7 13,118 1,454.3 12.0 19.5 4,841.7 1.2 104.8 0.3 6.7 32.5 -0.4 0.1 0.0 0.4 17.8 0.8 -0.6 -0.4 -1.1 23.1 5.3 -3.5 0.8 -3.6 135.6 1.2 112.1 0.3 7.2 82.7 1.1 102.3 0.3 6.7 11.5  United States imposed fresh Iran-related sanctions targeting its oil sector, including the Iranian Ministry of Petroleum. – Reuters  Dollar-denominated debt in emerging markets has risen past $4 trillion for the first time following a surge in issuance during the COVID-19 crisis- BIS 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. 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