MENA Daily Morning Brief - 22 March

Transcription

1. Research @M arkaz.com Daily Morning Brief Equity Watch March 22, 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 491 2,500 146 219 113 113 76 21 12 124 9,499 10,218 5,723 5,805 6,993 2,584 1,466 3,734 -0.1 0.1 -0.8 -0.2 0.0 0.0 -0.8 0.4 -0.5 3.1 3.9 0.7 1.1 2.8 2.8 1.3 -0.0 3.4 8.3 9.3 -2.1 13.4 4.7 4.7 3.7 -1.6 2.0 5.6 6.6 5.0 7.7 5.6 9.3 -6.4 3.2 -8.0 6.1 8.0 -0.5 5.4 -5.1 4.8 -7.4 15 24 18 17 23 23 13 9 10 52,069 35,005 2,701 6,906 2,796 3,913 6,709 2,012 - 2.5 2.7 3.5 7.9 3.9 4.2 3.8 11.5 11.1 14.8 -1.0 6.5 11.4 14.0 1.6 8.1 28 30 19 20 8,108 6,205 1,314 1,337 3,569 49,858 - -0.2 -3.0 1.5 3.5 -2.0 4.4 4.5 2.6 15.2 10.2 2.5 14.5 23 15 31 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 2,317 206 120 70 16 3,654 Kuw ait 141 166 51 55 60 150 UA E 236 122 20 24 78 303 Q atar 42 46 19 26 1 82 Bahrain 2 44 14 3 27 3 O man 2 121 12 11 98 3 T otal 2 ,7 4 0 705 236 189 280 4 ,1 9 4 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 1,888 S A BIC 87 A l-Rajhi Bank 61 S audi Telecom 61 NC B 40 United A r ab Emirates E TIS ALAT 50 FAB 43 42 TA QA 25 Intl. H olding C o. E mirates N BD 20 Kuwait 20 N BK 19 KF H 9 Zain 6 Bouby an Bank 5 A gility Q atar 44 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 11 11 9 C lose P rice C hange % M TD % YTD % 3-Yr 5-Yr C A GR C A GR P /E TTM 35 108 92 114 50 0.6 -1.1 0.3 -0.2 -0.4 2.8 4.6 3.0 -2.6 5.8 1.1 6.7 25.1 7.9 15.3 -1.4 23.0 11.8 5.6 6.8 21.2 10.5 12.5 34 22 21 14 21 15 1 50 12 0.1 -0.5 -0.1 -1.7 2.9 -0.5 -0.7 6.6 4.0 23.8 13.3 -4.2 19.0 12.6 5.4 8.6 21.5 225.5 5.3 2.6 9.6 26.3 108.1 8.9 20 16 39 32 12 867 761 627 604 715 -0.7 0.5 0.3 2.1 5.1 5.4 9.4 8.3 3.2 12.4 3.5 6.3 5.8 8.7 19.8 10.9 15.7 8.7 10.1 20.4 10.5 14.8 20.0 27 40 15 63 34 17 -0.2 2.2 -2.6 8.7 6.3 15 12 2 16 4 -1.7 -1.2 -0.1 -0.1 2.8 -1.2 3.7 -5.4 9.4 -12.7 -5.4 -8.2 3.1 11.8 17.4 4.7 1.9 -3.3 8.4 3.0 36 13 14 KIBOR Yield Curve (%) 5-year CDS Spread C ountry C ompanies A hli Bank Q atar N ational C ement C ompany Zad H olding C ompany N ational Bank of Ras A l Khaimah A amal C ompany Top 5 Losers *  C ompanies N ational Building and M arketing C ompany Rabigh Refining and P etrochemical C o. E maar The E conomic C ity Q atar N av igation E maar Dev elopment C ountry Q atar Q atar Q atar UA E Q atar 2020 66.4 41.5 104.9 39.2 45.5 231.5 254.5 67.4 39.6 113.8 38.2 38.6 217.5 254.3 KS A A bu-Dhabi Dubai Kuw ait Q atar O man Bahrain High Low 208.3 148.9 319.8 64.6 177.3 637.0 508.5 60.4 37.4 104.9 38.9 37.3 208.0 198.4 Interest Rate Watch Deposit Rate  M . C ap C hange M TD (U S D Bn) % % 2.6 9.1% -1.3% 1.0 5.6% 32.0% 1.2 4.5% 19.4% 1.7 4.1% -2.6% 1.8 3.4% 11.9% 52-Week C urrent 3M Rate % S pread % U .S . 0.1 Kuw ait 1.1 KS A ** 0.5 UA E 0.1 Q atar 0.6 O man 2.2 Bahrain 1.6 E uro Region -0.6 Last F O MC M eeting Date: M ar 16/17 YTD % 14.3% 34.9% 19.2% -2.6% 20.8% 1.0 0.4 -0.0 0.5 2.1 1.5 -0.7 5YR Rate 10YR Rate 0.8 1.7 1.1 2.6 1.5 2.6 0.5 1.7 3.6 2.1 2.9 4.8 3.3 5.4 -0.6 -0.3 N ext F O MC M t Date: A pr 27/28 Commodity Watch C ountry KS A KS A KS A Q atar UA E M . C ap C hange (U S D Bn) % 1.1 3.8 2.5 2.3 2.9 -4.1% -3.7% -3.1% -3.1% -2.6% M TD % YTD % -1.4% 15.6% 23.3% -2.5% -4.4% -25.6% 19.2% 21.8% 1.5% -4.4% 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 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 C lose P rice 1,744.7 26.2 64.5 57,381.8 C hange % -1.3 M TD % 0.6 -1.4 -2.4 26.8 YTD % -8.0 -0.4 24.6 97.9 High 52-Week Low 2,063.2 29.2 69.6 61,165.2 1,553.1 13.3 19.3 5,813.2 1.2 108.9 0.3 6.5 21.6 - -1.4 2.1 -0.2 0.5 -22.8 -2.5 5.5 -0.6 -0.3 -5.1 1.2 111.2 0.3 7.2 65.5 1.1 102.7 0.3 6.4 19.2  Rated GCC banks, which had set aside USD 10.9 billion of new loan-loss provisions in 2020, have the capacity to absorb a further shock of up to USD 45 billion.– Goldman Sachs  The U.S. economy may be “on the brink of completing the recovery” from the recession triggered by the coronavirus pandemic. – Richmond Federal Reserve President  Although the corporate governance of GCC-based companies has improved over the past decade, it remains below international best practices . – S&P Global  Oil prices resumed their decline as worries about a drop in demand for fuel products in the wake of yet more European lockdowns dominated trading.– 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. The report is owned by Markaz and is privileged an d p ro pr ieta r y a nd i s subject to copyrights. Sale of any copies of this report is strictly prohibited. This report cannot be quoted without the prior written consent of Markaz. Any user after obtaining Markaz permission to use this report must clearly mention the sour c e a s “Markaz “. This Report is intended to be circulated for general information only and should not to be construed as an offer to buy or sell or a solicitation of an offer to buy or sell any financial instruments or to participate in any p a rti c ul ar tra d in g strategy in any jurisdiction. The information and statistical data herein have been obtained from sources we believe to be reliable but in no way are warranted by us as to its accuracy or completeness. Markaz has no obligation to update, mod if y o r amend this report. For further information, please contact ‘Markaz’ at P.O. Box 23444, Safat 13095, Kuwait. Tel: 00965 1804800 Fax: 00965 22450647. Email: research@markaz.com