MENA Daily Morning Brief - 23 March

Transcription

1. Research @M arkaz.com Daily Morning Brief Equity Watch March 23, 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 494 2,512 145 220 113 113 75 21 12 124 9,547 10,227 5,733 5,826 7,018 2,552 1,471 3,732 0.4 0.5 0.1 0.2 0.4 0.4 -1.2 0.3 -0.1 3.5 4.4 0.8 1.2 3.1 3.2 0.0 0.3 3.3 8.7 9.9 -2.0 13.6 5.1 5.1 2.4 -1.3 2.0 5.7 6.8 5.0 7.8 5.7 9.5 -6.8 3.3 -8.1 6.4 8.5 -0.1 5.8 -5.1 4.9 -7.6 15 25 18 17 23 23 13 9 10 52,069 35,094 2,707 6,826 2,810 3,941 6,726 1,990 0.5 0.7 0.3 -1.1 3.0 3.4 3.7 6.7 4.4 4.9 4.1 10.3 11.3 15.0 -1.0 6.1 11.6 14.1 2.0 8.0 28 30 19 20 8,108 6,274 1,321 1,336 3,609 49,771 -0.0 1.1 -0.2 -0.2 -1.9 1.4 3.5 -0.9 4.2 4.5 3.0 15.2 10.4 3.1 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 2,993 206 104 85 17 3,599 Kuw ait 138 166 50 58 58 150 UA E 269 122 19 24 79 299 Q atar 68 46 21 22 3 81 Bahrain 1 44 12 7 25 3 O man 2 121 10 11 100 3 T otal 3 ,4 7 1 705 216 207 282 4 ,1 3 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 1,896 S A BIC 87 A l-Rajhi Bank 63 S audi Telecom 62 NC B 40 United A r ab Emirates E TIS ALAT 50 FAB 44 43 TA QA 25 Intl. H olding C o. E mirates N BD 19 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 10 9 C lose P rice C hange % M TD % YTD % 36 109 94 117 49 0.4 0.7 2.1 1.9 -1.1 3.2 5.4 5.1 -0.7 4.7 1.6 7.5 27.7 10.0 14.1 -1.1 23.9 12.5 5.2 7.3 21.9 12.6 12.4 34 22 21 13 21 15 1 50 11 0.4 0.1 0.7 -3.4 3.2 -0.4 6.6 0.4 24.3 13.5 -3.5 19.0 8.7 5.6 8.7 21.8 225.5 4.1 2.9 10.5 27.7 108.1 8.3 20 16 40 32 11 867 765 632 609 718 0.5 0.8 0.8 0.4 5.1 6.0 0.8 10.3 8.8 3.2 13.0 4.3 7.2 6.2 8.7 20.0 11.2 16.0 8.8 10.1 20.3 12.2 14.7 19.2 28 40 15 63 34 17 -1.0 1.2 -3.6 8.4 6.3 14 12 2 16 4 0.9 -0.7 -0.6 0.2 3.7 -1.9 3.1 -5.2 10.4 -13.3 -5.9 -7.9 3.5 11.5 17.2 4.8 2.1 -2.9 8.5 3.2 37 13 14 C ommercial Bank of Kuw ait Rabigh Refining and P etrochemical C o. U nited E lectronics C ompany Kingdom H olding C o N ational Building and M arketing C ompany Top 5 Losers *  A hli Bank E mirates N BD Bank Dana G as Damac P roperties Dubai A ramex P /E TTM KIBOR Yield Curve (%) 5-year CDS Spread C ountry C ountry Kuw ait KS A KS A KS A KS A M . C ap C hange M TD (U S D Bn) % % 3.5 5.0% 5.0% 4.0 4.0% 20.2% 1.6 3.3% 6.9% 8.0 2.9% 4.7% 1.1 2.8% 1.4% 52-Week C urrent 2020 66.4 41.5 104.9 39.2 45.5 246.5 198.4 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 203.0 148.9 313.1 64.6 177.3 592.5 508.5 60.4 37.4 104.9 38.9 37.3 208.0 198.4 Interest Rate Watch Deposit Rate  C ompanies C ompanies 3-Yr 5-Yr C A GR C A GR 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 1.2 E uro Region -0.6 Last F O MC M eeting Date: M ar 16/17 YTD % 5.0% 24.0% 16.3% 1.8% -23.5% 1.0 0.4 -0.0 0.5 2.1 1.1 -0.6 5YR Rate 10YR Rate 0.8 1.7 1.1 2.6 1.5 2.6 0.5 1.7 3.4 2.1 3.0 4.9 3.2 5.4 -0.7 -0.3 N ext F O MC M t Date: A pr 27/28 Commodity Watch C ountry Q atar UA E UA E UA E UA E M . C ap C hange (U S D Bn) % 2.4 19.3 1.4 1.8 1.5 -8.4% -3.4% -2.7% -2.7% -2.3% M TD % YTD % -9.5% 0.4% 8.1% -8.5% -2.1% 4.8% 8.7% 5.0% -16.9% -12.8% 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  Retail sales in the UAE are expected to rebound and grow by 13 percent to reach $58 billion by the end of 2021, thanks to COVID-19 vaccination efforts, Expo 2020 Dubai and pent-up consumer demand.– Dubai Chamber of Commerce and Industry  CPI in Dubai decreased by 0.42% in Feb 2021 compared to Jan 2021. – Dubai Statistics Cente C lose P rice 1,738.7 25.8 64.6 54,070.9 C hange % -0.3 -1.8 0.1 -5.8 M TD % 0.3 -3.2 -2.3 19.5 YTD % -8.3 -2.2 24.7 86.5 High 52-Week Low 2,063.2 29.2 69.6 61,165.2 1,553.1 13.3 19.3 5,870.9 1.2 108.8 0.3 6.5 21.0 0.2 -0.0 0.1 0.0 - -1.2 2.1 -0.1 0.5 -25.0 -2.3 5.4 -0.6 -0.3 -7.9 1.2 111.2 0.3 7.2 65.5 1.1 102.7 0.3 6.4 18.9  U.S. President will be briefed by advisers on infrastructure, climate and jobs proposals being considered that could collectively cost as much as $4 trillion. – Reuters  Europe is continuing to struggle with the virus amid a third wave of infections and ramping up of lockdown measure.– CNBC 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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