MENA Daily Morning Brief - 11 February

Transcription

1. Research @M arkaz.com Daily Morning Brief Equity Watch February 11, 2021 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 468 2,414 150 216 111 111 79 21 11 118 8,902 10,529 5,667 5,701 6,863 2,632 1,463 3,560 0.2 0.1 0.8 0.1 -0.3 -0.3 -0.6 -0.1 -0.2 1.6 2.3 0.5 1.3 -1.4 -1.4 -0.8 -0.0 -2.6 3.5 5.1 2.4 6.2 0.9 5.4 12.3 7.1 2.8 5.1 2.8 8.8 5.6 -7.4 -1.8 2.8 -2.7 -10.7 7.3 9.5 2.1 6.8 -2.5 4.6 -7.9 15 22 17 17 21 21 10 9 9 49,095 34,999 2,629 6,910 2,801 3,910 6,524 1,931 0.1 -0.1 0.3 5.2 5.3 1.8 6.7 4.1 4.1 1.0 7.0 10.5 13.8 -3.1 3.7 13.5 16.0 2.7 10.0 28 30 17 19 7,116 6,718 1,343 1,423 3,832 51,309 1.0 1.4 - 7.0 4.9 10.9 10.2 5.2 7.5 7.3 5.1 14.4 14.9 5.8 17.4 20 16 32 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 3,302 206 61 127 18 2,231 Kuw ait 166 166 52 57 57 140 UA E 302 122 17 28 77 227 Q atar 85 46 26 16 4 74 Bahrain 1 44 13 4 27 2 O man 2 121 6 14 101 4 T otal 3 ,8 5 7 705 175 246 284 2 ,6 7 8 Yield Curve & CDS Watch LIBOR (In %) US Treasuries (In %) Blue Chip Watch C ompanies M .C ap (U S D Bn) C lose P rice C hange % M TD % YTD % 34 102 115 79 45 -0.1 0.2 0.3 0.4 3.7 -0.6 1.0 1.8 9.7 7.0 -1.6 0.4 8.3 7.7 3.8 -1.2 16.3 18.9 5.8 9.7 12.5 19.2 12.0 33 21 21 12 20 15 1 47 12 -0.5 0.1 - 0.2 1.5 -1.4 1.0 - 17.2 16.3 -0.7 10.7 12.6 4.5 9.3 29.4 220.7 11.8 4.2 13.3 28.4 112.1 10.4 19 16 53 38 12 838 719 628 558 750 -0.2 -0.6 -0.8 -0.9 0.1 -4.0 -0.4 -1.9 -2.3 -0.4 -0.2 6.2 3.6 -1.8 10.9 9.4 17.4 11.5 12.3 10.8 8.8 19.5 13.1 14.7 24.5 26 37 14 58 25 17 -0.4 -4.8 -4.4 10.6 6.8 14 12 2 17 4 3.3 -0.1 1.1 2.4 1.0 2.1 1.3 13.1 -4.1 -1.5 -2.9 4.9 22.4 18.1 2.4 4.2 3.6 11.5 5.4 38 14 15 Saudi A r abia S audi A ramco 1,837 S A BIC 81 S audi Telecom 61 A l-Rajhi Bank 53 NC B 36 United A r ab Emirates E TIS ALAT 47 FAB 45 44 TA QA 23 Intl. H olding C o. E mirates N BD 20 Kuwait 19 N BK 18 KF H 9 Zain 6 Bouby an Bank 5 A gility Q atar 43 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 * 20 12 11 9 3-Yr 5-Yr C A GR C A GR P /E TTM KIBOR Yield Curve (%) 5-year CDS Spread C ountry Bouby an P etrochemical C ompany S amba F inancial G roup N ational C ommercial Bank Industries Q atar Q atar N av igation Top 5 Losers *  C ompanies E mirates Refreshments A ramex S audi A rabian M ining C ompany F aw az A bdulaziz A lhokair C ompany Bank A lbilad C ountry Kuw ait KS A KS A Q atar Q atar M . C ap C hange (U S D Bn) % 1.3 4.7% 17.4 4.5% 35.9 3.7% 20.4 3.3% 2.4 2.3% M TD % 7.6% 9.0% 7.0% 2.4% -1.1% YTD % 12.3% 6.7% 3.8% 13.1% 5.7% M . C ap C hange (U S D Bn) % M TD % YTD % 63.4 41.5 110.9 38.2 42.5 219.5 254.4 - 67.4 39.6 113.8 38.2 38.6 217.5 254.3 - High Low 232.4 155.0 324.6 84.0 181.0 637.0 508.5 13,893.4 61.9 37.4 94.4 35.0 37.3 199.0 168.9 7,798.6 Interest Rate Watch Deposit Rate 3M Rate % S pread % U .S . 0.1 Kuw ait 1.0 KS A ** 0.5 UA E 0.1 Q atar 0.6 O man 2.2 Bahrain 1.5 E uro Region -0.6 Last F O MC M eeting Date: Jan 26/27 0.9 0.4 -0.0 0.5 2.1 1.4 -0.6 5YR Rate 10YR Rate 0.5 1.1 0.7 2.6 0.7 2.2 0.5 1.3 3.0 1.7 3.2 4.7 3.8 4.8 -0.7 -0.4 N ext F O MC M t Date: M ar 16/17 Commodity Watch C ountry UA E UA E KS A KS A KS A 2.7 1.7 15.0 1.1 5.6 -4.9% -4.8% -2.4% -2.3% -1.9% P r ecious M etals 83.5% 537.2% -2.8% -4.1% 11.7% 13.1% -4.4% -8.6% 2.9% -0.7% 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  Saudi Arabia’s GDP grew 2.8% sequentially and fell 3.8% year-on-year in the fourth quarter of 2020 – Bloomberg  Saudi Arabia, Oman most exposed to diminishing fiscal uplift from SWF buffers in the GCC – Moody’s Investor Service 2020 KS A A bu-Dhabi Dubai Kuw ait Q atar O man Bahrain Lebanon  C ompanies 52-Week C urrent C lose P rice C hange % M TD % YTD % High 52-Week Low 1,842.2 27.0 61.5 44,854.6 0.3 -0.8 0.6 -3.5 -0.2 -0.0 10.0 35.3 -2.9 2.4 18.7 54.7 2,063.2 29.2 61.5 46,505.2 1,469.8 12.0 19.3 4,841.7 1.2 104.6 0.3 6.5 22.0 0.4 1.7 -0.2 -0.1 -0.2 0.5 -33.5 -0.8 1.3 -0.5 -1.0 -3.3 1.2 112.1 0.3 7.2 82.7 1.1 102.3 0.3 6.4 13.7  U.S Fed Chair Jerome Powell says low rates are set to c ontinue for a while citing the weak jobs picture - CNBC  U.S. January budget deficit hits record USD 163 billion as a new round of direct payments to individuals were distributed – Reuters 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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