MENA Markets Daily Report - 1 February

Transcription

1. KAMCO Research MENA Markets Daily Report Country February 1 , 2018 Index Value Benchmark DTD Change YTD 2018 FY 2017 MENA Countries Kuwait Price Index ▲ 6,687.81 0.4% 4.4% 11.5% Kuwait …………………………………. 2 Kuwait Weighted Index ▼ 411.98 (0.7%) 2.6% 5.6% Saudi Arabia ………………………. 3 Kuwait KSX 15 Index ▼ 940.81 (1.0%) 2.8% 3.4% UAE - Dubai …………………………. 4 Saudi Arabia TADAWUL All Share Index ▲ 7,650.12 0.2% 5.9% 0.2% UAE - Nasdaq Dubai……… 5 UAE - Dubai DFM General Index ▼ 3,394.36 (1.3%) 0.7% (4.6%) UAE - Abu Dhabi …………………… 6 UAE - Nasdaq Dubai FTSE NASDAQ Dubai UAE 20 Index ▼ 3,417.09 (1.2%) 1.0% (0.2%) Qatar …………………………………… 7 UAE - Abu Dhabi ADX General Index ▼ 4,602.23 (0.8%) 4.6% (3.3%) Bahrain ………………………………… 8 Qatar QE 20 Index ▼ 9,204.62 (1.3%) 8.0% (18.3%) Oman …………………………………… 9 Bahrain Bahrain All Share ▼ 1,350.67 (0.1%) 1.4% 9.1% Egypt …………………………………. 10 Oman MSM 30 Index ▼ 4,999.96 (0.2%) (1.9%) (11.8%) Jordan…………………………… 11 Egypt EGX 30 ▼ 15,042.37 (1.8%) 0.2% 21.7% Tunisia …………………………………. 12 Jordan ASE Index ▼ 2,193.30 (0.0%) 3.1% (2.0%) Lebanon ………………………………. 13 Lebanon Blom Stock Index ▼ 1,177.43 (0.6%) 2.5% (5.3%) Morocco……………………….. 14 Tunisia Tunisia Index ▲ 6,431.63 0.1% 2.4% 14.4% Syria ……………………………… 15 Morocco MASI ▲ 13,075.49 0.5% 5.5% 6.4% Syria DSE Weighted Index ▲ 5,919.64 1.9% (1.1%) 269.9% 3,431.53 (1.4%) 3.8% 6.6% In this Report… Emerging Markets China SSE Composite Index ▼ Russia RUSSIAN RTS INDEX ($) ▲ 1,282.36 0.6% 11.1% 0.2% India SENSEX ▲ 36,131.41 0.5% 6.1% 27.9% Brazil BOVESPA Stock Index ▲ 84,912.70 0.5% 11.1% 26.9% Mexico BOLSA Index ▲ 50,456.17 0.1% 2.2% 8.1% Korea KOSPI Index ▲ 2,573.00 0.3% 4.3% 21.8% Taiwan TAIEX Index ▲ 11,175.53 0.6% 5.0% 15.0% Global Markets Investment Research Department kamcoird@kamconline.com P.O.Box 28873,Safat 13149 Kuwait Tel: (965) 1852626, Extn: 1153 / 1146 Fax: (965) 22492395 http://www.kamconline.com KAMCO Investment Company - K.S.C (Public) World MSCI World Index ▼ 2,213.24 (0.0%) 5.2% 20.1% Asia MSCI Asia Pacific ▼ 184.03 (0.3%) 5.9% 28.7% Europe DJ Stoxx 600 ▼ 395.46 (0.2%) 1.6% 7.7% Europe FTSEurofirst 300 ▼ 1,554.00 (0.3%) 1.6% 7.1% Emerging Markets MSCI EM Index ▲ 1,254.59 0.6% 8.3% 34.3% U.S.A S&P 500 ▲ 2,823.81 0.1% 5.6% 19.4% U.S.A DJIA ▲ 26,149.39 0.3% 5.8% 25.1% U.S.A NASDAQ Composite ▲ 7,411.48 0.1% 7.4% 28.2% UK FTSE 100 ▼ 7,533.55 (0.7%) (2.0%) 7.6% Germany DAX ▼ 13,189.48 (0.1%) 2.1% 12.5% Japan NIKKEI 225 ▲ 23,427.73 1.4% 2.9% 19.1% Hong Kong HANG SENG INDEX ▼ 32,749.99 (0.4%) 9.5% 36.0% Oil OPEC Crude ▼ 66.60 (1.5%) 3.3% 16.6% Oil Brent ▲ 69.02 0.2% 3.2% 14.2% Commodities Oil Kuwait ▼ 65.81 (0.9%) 3.9% 18.8% Natural Gas NYMEX Natural Gas (USD/MMBtu) ▼ 2.95 (1.5%) 1.5% (20.8%) Gold Gold Spot $/Oz ▼ 1,344.65 (0.0%) 3.2% 13.5% Source: Bloomberg & KAMCO Research
2. KAMCO Research Boursa Kuwait Daily Report February 1 , 2018 Sector Weight by Market Cap Market Capitalization - Sector Returns Financial Services Technology 8% 0.1% Real Estate 7% Basic Materials 3% Consumer Goods 3% Telecom 11% Consumer Services 2% Market Cap. P/E ROE* (Mn KWD) (X) (%) (0.7%) 2.7% ▲ 0.9% 2.4% 2.4% Basic Materials 856.7 ▼ (0.3%) 4.6% 4.6% 3,373.6 ▼ (0.2%) 3.4% 3.4% Consumer Goods 736.4 ═ 0.0% (2.8%) (2.8%) Health Care 199.9 ═ 0.0% 1.6% 1.6% Consumer Services 576.5 ▲ 0.1% (2.5%) (2.5%) 6.8% Telecommunications 3,040.4 ▼ (0.6%) 6.8% 14,254.4 ▼ (1.1%) 2.3% 2.3% 322.2 ▲ 0.1% (8.6%) (8.6%) Real Estate 2,109.8 ▲ 0.3% 4.9% 4.9% Financial Services 2,272.3 ▼ (0.6%) 1.0% 1.0% 23.7 ▲ 0.4% 3.0% 3.0% Banks 25 Benchmark Return Closing Value 13.9 2- Kuwait Finance House 3,372.9 18.7 9.7% 3- Zain 2,042.4 13.2 10.6% 4- Ahli United Bank - Bahrain 1,587.3 8.7 17.0% 5- Agility (PWC Logistics) 1,150.4 17.7 6.9% 6- Boubyan Bank 1,046.4 23.0 12.5% 7- Gulf Bank 755.9 16.3 7.8% 8- Mabanee Co. 688.5 14.1 13.2% 9- Burgan Bank 682.1 9.3 10.8% 10- Commercial Bank of Kuwait 658.5 17.6 6.0% 10.6% 65 DTD MTD YTD % Chg Chg % Chg % Chg 23.8 0.4% 4.4% 4.4% Weighted Index 411.98 (2.8) (0.7%) 2.6% 2.6% Kuwait 15 Index 940.81 (9.1) (1.0%) 2.8% 2.8% Market Cap (KWD Mn) 27,973 (192.8) (0.7%) 2.7% 2.7% Index Performance relative to Volume 450 Weighted Index 4,378.9 67 DTD 6,687.81 Price Index 1- National Bank of Kuwait 2.7% ▼ Market Breadth Company Name YTD % Chg 207.5 Technology Top 10 Companies by Market Capitalization MTD % Chg 27,973.2 Insurance Health Care 0.7% DTD % Chg Oil & Gas Industrials Industrials 12% DTD (KWD Mn) Boursa Kuwait Oil & Gas 1% Banks 51% Market Cap. 1,200 1,100 1,000 900 800 420 700 600 500 390 Total 16,363 14.27 400 300 10.5% 200 100 0.003 10.9% 0.076 0.006 8.3% Independent Petroleum Group 0.430 0.030 7.5% Kuwait Business Town Real Estate Co. 0.051 0.002 4.9% Close Change Percent (KWD) (KWD) Change Ithmaar Bank 0.057 (0.007) (10.3%) The Energy House Co. 0.028 (0.003) (9.4%) Inovest 0.073 (0.006) (7.6%) Al-Deera Holding 0.026 (0.002) (6.8%) Warba Insurance Co. 0.063 (0.004) (6.0%) 0 Market Trading Data and Volatility Trading Indicators Volume (Shrs Mn) Value Traded (KWD Mn) Today's Top % Losers Jan-18 0.034 Umm Al-Qaiwain Cement Industries Co. Dec-17 Real Estate Trade Centers Co. Nov-17 17.2% Oct-17 0.123 Sep-17 0.837 Aug-17 Change Real Estate Asset Management Co. Jul-17 Percent Jun-17 (KWD) May-17 Change Apr-17 Close (KWD) Mar-17 360 Feb-17 Top Movers and Most Active Stocks Jan-17 *: ROE is calculated based on TTM 9M-2017 net profit & shareholders' equity as of 30-September-17 Today's Top % Gainers Volume traded (shr. mil.) Insurance 1% No. of Trades Today's DTD DTD Value Chg % Chg 107.5 (28.1) 15.4 4,274 Market Volatility** Average Daily YTD 2018 YTD 2017 (20.7%) 118.8 621.4 (2.7) (15.1%) 14.7 53.5 (379) (8.1%) 4,242 10,336 Volatility Since January: 2017 2016 2015 2014 2013 Price Index 11.0% 9.7% 9.2% 9.5% 10.1% Weighted Index 10.8% 10.8% 10.3% 10.3% 9.8% **: Annualized Standard Deviation of Daily Returns Close Percent Volume (KWD) Change (Shares) Ithmaar Bank 0.057 (10.3%) 18,817,432 Inovest 0.073 (7.6%) 8,719,055 Kuwait & Gulf Link Transport Co. 0.109 (2.7%) 7,123,216 Kuwait Business Town Real Estate Co. 0.051 4.9% MAZAYA Holding Co. 0.113 (1.7%) Today's Most Active by Volume Close Percent Value (KWD) Change (KWD) Kuwait Finance House 0.585 (1.8%) 3,383,735 National Bank of Kuwait 0.740 (1.6%) 2,663,584 Ithmaar Bank 0.057 (10.3%) 1,124,255 6,607,473 Agility (PWC Logistics) 0.863 (0.7%) 906,504 5,954,596 Kuwait & Gulf Link Transport Co. 0.109 (2.7%) 775,867 Today's Most Active by Value Source: Boursa Kuwait, KAMCO Research 2
3. KAMCO Research Saudi Tadawul Daily Report February 1 , 2018 Sector Returns Index Performance relative to Volume 7,700 500 450 Saudi Stock Exchange Energy 400 TASI Value 350 300 7,300 Vol. Traded (Mln. Shares) 7,500 250 Materials Capital Goods Commercial & Professional Svc 150 100 50 0 Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 YTD % Chg % Chg 1,793,580 0.4% 6.0% 6.0% 28,963 0.2% 10.7% 10.7% 584,543 0.8% 6.2% 6.2% 9,097 (0.1%) (0.3%) (0.3%) (1.2%) (0.6%) (1.2%) (0.1%) 1.5% 1.5% 3,207 0.0% (2.3%) (2.3%) 13,429 (0.5%) 3.4% 3.4% 5,685 (1.3%) 11.7% 11.7% 34,976 (0.5%) 8.3% 8.3% 7,204 0.0% 0.3% 0.3% Food & Beverages 86,155 (0.0%) (1.4%) (1.4%) Health Care Equipment & Svc 29,863 2.1% 10.9% 10.9% 3,714 1.8% 3.1% 3.1% 521,438 0.7% 10.5% 10.5% Diversified Financials 39,600 (1.2%) 10.4% 10.4% Insurance 38,871 (1.8%) (1.8%) (1.8%) Consumer Durables & Apparel Consumer Services Media Food & Staples Retailing Banks Telecommunication Services 6,700 MTD % Chg 7,696 Pharma, Biotech & Life Science 6,900 DTD (SAR Mn) 13,826 Transportation Retailing 200 7,100 Market Cap. Utilities REITs Real Estate Mgmt & Dev't 163,473 0.9% 6.6% 6.6% 89,073 (0.7%) (1.0%) (1.0%) 3,575 0.0% (3.5%) (3.5%) 109,190 (1.1%) (2.3%) (2.3%) Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Top Movers and Most Active Stocks Best Return Performers Price Daily Trading Indicators Value Market Return (SAR) % Chg (SAR 000's) Tabuk Cement Co. 14.46 10.0% 46,500 Tadawul All Share Index Middle East Healthcare Co. 60.21 7.7% 27,853 Market Cap (SAR Mn) Yanbu Cement Co. 33.36 5.9% 38,864 Al Jouf Cement co. 10.42 5.6% 89,953 Northern Region Cement Co. 10.49 4.5% 26,961 Worst Return Performers Price Daily Value Trading Indicators % Chg (SAR 000's) Value Traded (SAR Mn) The Co for Cooperative Insurance 83.62 (4.2%) 126,911 No. of Trades Assir Trading, Tourism & Manufacturing Co. 12.74 (2.8%) 22,480 Saudi Kayan 12.50 (2.7%) 327,180 28.57 (2.5%) 17,346 Malath Cooperative Insurance & Reins. Co. 17.18 (2.2%) 22,349 MTD YTD-18 % Chg % Chg % Chg 7,650.12 18.95 0.2% 5.9% 5.9% 1,793,580 6,791.7 0.4% 6.0% 6.0% Average Daily Today's DTD DTD Value Chg % Chg YTD-18 YTD-17 230 14.6 6.8% 192 281 4,940 385.8 8.5% 3,569 8,581 120,076 13,023 12.2% 95,035 143,065 72 Price Daily Volume % Chg ('000 Shrs) Dar Al Arkan Real Estate Development Co. 10.02 (1.5%) 41,255 Saudi Basic Industries Corp Alinma Bank 20.71 (0.2%) 35,459 Alinma Bank Saudi Kayan 12.50 (2.7%) 25,626 Al Jouf Cement co. 10.42 5.6% 8,691 107.53 0.8% 7,821 Saudi Basic Industries Corp DTD Chg Market Breadth (SAR) Most Active Stocks By Volume DTD Value Volume (Mn Shares) (SAR) SALAMA Cooperative Insurance Company Closing Most Active Stocks By Value 100 7 Price Daily Value (SAR) % Chg (SAR Mn) 107.53 0.8% 841.1 20.71 (0.2%) 736.3 Dar Al Arkan Real Estate Development Co. 10.02 (1.5%) 420.7 Al-Rajhi Bank 74.48 1.0% 358.5 Saudi Kayan 12.50 (2.7%) 327.2 Source: KAMCO Research 3
4. KAMCO Research Dubai Financial Market Daily Report February 1 , 2018 Sector Returns Index Performance relative to Volume 3,800 2,000 3,750 Market Cap. DTD MTD YTD (AED Mn) % Chg % Chg % Chg 389,366 (0.8%) 1.5% 1.5% 168,262 (0.4%) 2.1% 2.1% 7,360 (0.5%) 0.8% 0.8% 22,291 (0.7%) (0.1%) (0.1%) Insurance 5,513 (0.4%) (1.2%) (1.2%) Industrial 3,701 0.0% (0.5%) (0.5%) 3,650 1,500 Banking 3,600 Consumer Staples 3,550 3,500 1,000 3,450 3,400 3,350 3,300 Vol. Traded (Mln. Shares) DFM General Index Value 3,700 500 Investment & Financial Real Estate & Construction 131,378 (1.6%) 2.4% 2.4% Telecommunication 23,597 (0.2%) (0.2%) (0.2%) Transportation 22,329 (1.0%) (3.6%) (3.6%) 4,936 (0.4%) 0.8% 0.8% 3,250 Services 3,200 Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector 3,150 Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 3,100 Top Movers and Most Active Stocks Best Return Performers Price YTD-2017 Top Movers and Most Active Stocks Daily Value Traded (AED) % Chg (AED) Ajman Bank 1.120 0.9% 598,991 Amanat Holdings 1.500 0.7% 4,451,779 Union Properties 0.985 0.3% 13,856,860 Market Return DFM General Index Market Cap (AED Mn) Trading Indicators Worst Return Performers Price (AED) Daily Value Traded % Chg (AED) ITHMAAR HOLDING 0.787 (10.0%) Al Salam Bank - Sudan 1.770 (4.3%) 17,750 National General Cooling Co. (Tabreed) 1.800 (3.7%) 10,632,943 Aramex 4.210 (3.2%) 695,817 Marka 0.594 (2.6%) 1,100,416 Most Active Stocks by Volume 52,241,063 Price Daily Volume (AED) % Chg ('000 Shrs) Closing DTD DTD MTD YTD-18 Value Chg % Chg % Chg % Chg 3,394.36 (45.55) (1.3%) 0.7% 0.7% 389,366 (3,337) (0.8%) 1.5% 1.5% Today's DTD DTD Value Chg % Chg Average Daily YTD-18 YTD-17 Volume (Mn Shares) 199.5 (176.3) (46.9%) 269 846 Value Traded (AED Mn) 370.1 (186.7) (33.5%) 405 1,044 No. of Trades 4,088 (36) (0.9%) 3,644 8,950 Market Breadth Most Active Stocks by Value 3 24 33 Price Daily Value (AED) % Chg (AED Mn) ITHMAAR HOLDING 0.787 (10.0%) 61,623 EMAAR Properties 6.580 (1.6%) 88.0 Gulf Finance House 1.460 (0.7%) 17,294 ITHMAAR HOLDING 0.787 (10.0%) 52.2 Deyaar Development 0.587 (2.2%) 17,267 Dubai Islamic Bank 6.100 (2.1%) 39.7 Union Properties 0.985 0.3% 14,050 Emirates NBD 9.000 0.0% 33.3 EMAAR Properties 6.580 (1.6%) 13,349 Gulf Finance House 1.460 (0.7%) 25.1 Source: KAMCO Research 4
5. KAMCO Research as as Nasdaq Dubai Daily Report February 1 , 2018 Stock Returns Index Performance relative to Volume 3,800 25 Market Cap. 20 FTSE Nasdaq DubaiI UAE 20 Index 3,600 3,500 15 3,400 3,300 10 3,200 3,100 Vol. Traded (Mln. Shares) 3,700 DTD YTD (USD Mn) % Chg % Chg Nasdaq Dubai 44,684 (0.94%) 3.7% DP World 22,003 (1.8%) 6.0% Nasdaq, Inc. 13,523 0.0% 5.7% Hikma Pharmaceuticals GDR 6,808 0.0% (6.2%) Orascom Construction Limited 1,025 (1.0%) Al Baraka Banking Group 453 0.0% 5.5% 0.0% Emirates REIT (CEIC) Limited 312 0.1% (0.5%) ENBD REIT (CEIC) Limited 237 (2.2%) (2.3%) DEPA Limited 226 (1.3%) 19.3% 98 0.0% 5 3,000 Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 0 Jan-17 2,900 BLME Holdings plc Top Movers and Most Active Stocks Best Return Performers Emirates REIT (CEIC) Limited 0.0% Trading Indicators Price Daily Value (USD) % Chg (USD) 1.04 0.1% 374,400 Market Return FTSE Nasdaq Dubai UAE 20 Market Cap (USD Mn) Trading Indicators Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 3,417.09 (43.02) (1.2%) 2.7% 2.7% 44,684 (425.4) (0.9%) 3.7% 3.7% Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 Price Daily Value Volume (Mn Shares) 0.65 (0.80) (55.2%) 0.81 0.56 (USD) % Chg (USD) Value Traded (USD Mn) 6.95 (0.6) (7.8%) 5.98 5.66 0.97 (2.2%) 11,799 186 21 12.7% 152 123 26.51 (1.8%) 6,513,210 DEPA Limited 0.37 (1.3%) 9,275 Orascom Construction Limited 8.70 (1.0%) 40,907 Worst Return Performers ENBD REIT (CEIC) Limited DP World No. of Trades Market Breadth 1 Most Active Stocks by Volume Emirates REIT (CEIC) Limited Price Daily Volume (USD) % Chg ('000 Shrs) Most Active Stocks by Value 4 4 Price Daily Value (USD) % Chg (USD) 1.04 0.1% 360,000 DP World 26.51 (1.8%) 6,513,210 26.51 (1.8%) 244,169 Emirates REIT (CEIC) Limited 1.04 0.1% 374,400 DEPA Limited 0.37 (1.3%) 25,000 Orascom Construction Limited 8.70 (1.0%) 40,907 ENBD REIT (CEIC) Limited 0.97 (2.2%) 12,202 ENBD REIT (CEIC) Limited 0.97 (2.2%) 11,799 Orascom Construction Limited 8.70 (1.0%) 4,702 DEPA Limited 0.37 (1.3%) 9,275 DP World Source: KAMCO Research 5
6. KAMCO Research Abu Dhabi Securities Exchange Daily Report February 1 , 2018 Sector Returns Index Performance relative to Volume 4,800 900 Market Cap. DTD MTD YTD 800 (AED Mn) % Chg % Chg % Chg 4.6% 4,700 ADX General Index Value 4,650 700 4,600 600 4,550 4,500 500 4,450 400 4,400 4,350 300 Vol. Traded (Mln. Shares) 4,750 4,300 4,250 4,200 4.6% 6.6% 6.6% 4,090 (3.7%) 10.5% 10.5% Real Estate 21,380 (1.4%) 4.5% 4.5% Energy 41,937 (0.3%) 0.1% 0.1% 4,354 (0.2%) (6.1%) (6.1%) 4.1% Inv. & Financial Services Consumer Staples 11,297 0.4% 4.1% 100 Insurance 9,689 0.0% 3.1% 3.1% 187,166 (0.7%) 3.9% 3.9% 8,388 0.0% (2.1%) (2.1%) Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 (0.6%) (0.6%) Industrial 0 Jan-17 508,065 219,765 200 4,150 4,100 ADX Banks Telecommunication Services Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Top Movers and Most Active Stocks Trading Indicators Price Daily Value (AED) % Chg (AED) Arkan Building Materials Co. 0.79 3.9% 712,516 Ras Al Khaimah Cement Co. 0.76 2.7% 51,900 Methaq Takaful Insurance Co. 0.80 2.6% 3,383,650 Abu Dhabi National Co. for Bldg. Materials 0.54 1.9% 531,211 National Bank of Ras Al-Khaimah 4.70 1.1% 807,117 Best Return Performers Closing DTD DTD MTD YTD-18 Value Chg % Chg % Chg % Chg 4,602.23 (36.52) (0.8%) 4.6% 4.6% 508,065 (3,253) (0.6%) 4.6% 4.6% Market Return ADX General Index Market Cap (AED Mn) Trading Indicators DTD DTD Value Chg % Chg (9.9) (19.6%) 58 217.3 11.5% 145 584.7 (3.5%) 1,072 2,645 Price Daily Value Volume (Mn Shares) (AED) % Chg (AED) Value Traded (AED Mn) 151 Waha Capital Co. 2.07 (3.7%) 1,148,146 No. of Trades 898 Abu Dhabi National Energy Co. (TAQA) 0.54 (3.6%) 1,668,820 Dana Gas 0.75 (2.6%) 2,218,933 Eshraq Properties Co. 0.75 (2.6%) 1,718,907 Gulf Cement Co. 1.06 (1.9%) 17,900 Worst Return Performers Most Active Stocks by Volume First Abu Dhabi Bank Price Daily Volume (AED) % Chg ('000 Shrs) Market Breadth Most Active Stocks by Value Average Daily Today's 41 15.6 (33) 7 YTD-18 14 YTD-17 45 Price Daily Value (AED) % Chg (AED) 11.20 (0.9%) 5,434 First Abu Dhabi Bank 11.20 (0.9%) 61,066,467 Methaq Takaful Insurance Co. 0.80 2.6% 4,220 Emirates Telecom. Co. 17.80 (0.8%) 25,067,243 Ras Al Khaimah Properties 0.77 (1.3%) 4,132 Abu Dhabi Commercial Bank 7.25 (1.1%) 19,394,434 AL DAR Properties Co. 2.29 (1.3%) 3,771 Union National Bank 3.99 1.0% 12,037,478 Abu Dhabi National Energy Co. (TAQA) 0.54 (3.6%) 3,075 AL DAR Properties Co. 2.29 (1.3%) 8,666,371 Source: KAMCO Research 6
7. KAMCO Research Qatar Exchange Daily Report February 1 , 2018 Sector Returns 50 11,000 45 40 10,500 35 10,000 30 9,500 25 Vol. Traded (Mln Shares) QE 20 Index Value Index Performance relative to Volume 11,500 9,000 20 8,500 Market Cap. DTD MTD YTD (QAR Mn) % Chg % Chg % Chg Qatar Exchange 501,753 (1.5%) 6.3% 6.3% Banking & Finance 223,296 (1.6%) 5.3% 5.3% 19,957 (0.7%) 9.6% 9.6% Industrial 129,173 (1.4%) 10.6% 10.6% Insurance 20,060 (3.4%) (2.5%) (2.5%) Real Estate 52,448 (1.5%) 3.6% 3.6% Telecom 36,551 (0.9%) 2.0% 2.0% Transport 20,267 (1.0%) 13.2% 13.2% Goods & Consumer Services 15 8,000 10 Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 0 Mar-17 7,000 Feb-17 5 Jan-17 7,500 Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Top Movers and Most Active Stocks Trading Indicators Price Daily Value (QAR) % Chg (QAR) 8.00 1.4% 10,821 QE 20 Index Doha Insurance Co. 14.00 0.7% 30,726 Market Cap (QAR Mn) Mesaieed Petrochemical Holding Co. 14.80 0.7% 3,323,195 Doha Bank 32.95 0.4% 13,798,898 Gulf International Services 19.08 0.4% 4,767,511 Best Return Performers Qatar Oman Investment Co. Market Return Trading Indicators Price Daily Value Volume ('000 Shares) (QAR) % Chg (QAR) Value Traded (QAR Mn) Qatari Investors Group 33.68 (4.2%) 4,132,706.97 6,522,283 Worst Return Performers Qatar Insurance Co. 51.00 (3.8%) Qatar General Insurance & Reins. Co. 46.00 (3.2%) 2,898 Islamic Holding Group 31.10 (3.1%) 859,361 Medicare Group 76.30 (3.1%) 5,403,920 Most Active Stocks by Volume Qatar First Bank Price Daily Volume (QAR) % Chg (Shares) No. of Trades Market Breadth Most Active Stocks by Value 7.05 (0.7%) 2,636,513 17.00 (1.3%) 776,866 Masraf Al Rayan 7.05 (1.4%) 729,981 Masraf Al Rayan 40.40 (1.2%) Ezdan Holding Group Co. 11.58 (2.2%) United Development Co. Vodafone Qatar Qatar National Bank Closing DTD DTD MTD YTD-18 Value Chg % Chg % Chg % Chg 9,204.62 (123.62) (1.3%) 8.0% 8.0% 501,753 (7,643) (1.5%) 6.3% 6.3% Today's DTD DTD Value Chg % Chg Average Daily YTD-18 YTD-17 9,471 708 8.1% 11,438 268 38 16.4% 277 257 4,643 947 25.6% 4,417 3,437 7 33 Price (QAR) 8,473 5 Daily Value % Chg (QAR Mn) 135.20 (2.0%) 34.0 40.40 (1.2%) 25.9 Qatar Electricity & Water Co. 194.05 0.0% 23.3 642,078 Industries Qatar 109.60 (2.1%) 23.3 472,365 Qatar First Bank 7.05 (0.7%) 18.6 Source: KAMCO Research 7
8. KAMCO Research Bahrain Bourse Daily Report February 1 , 2018 Sector Returns Index Performance relative to Volume 1,500 200 180 DTD MTD YTD (BHD Mn) % Chg % Chg % Chg (0.1%) 1.6% 1.6% 160 Vol. Traded (Mln. Shares) Bahrain All Share Index 1,400 Market Cap. 140 1,300 120 100 1,200 80 60 1,100 Bahrain Bourse 7,774 Commercial Banks 3,568 0.1% 1.3% 1.3% Investment 2,094 (1.1%) 2.0% 2.0% Insurance 146 0.0% 0.2% 0.2% Service 862 0.5% 0.4% 0.4% Hotel & Tourism 178 0.0% 0.6% 0.6% Industrial 927 0.8% 3.2% 3.2% 40 20 Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Feb-17 Mar-17 0 Jan-17 1,000 Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Top Movers and Most Active Stocks Trading Indicators Price Daily Value (BHD) % Chg (BHD) 0.120 1.7% 50,678 Bahrain Telecommunications Co. 0.206 1.0% 76,068.2 Seef Properties 0.210 1.0% 10,816 Aluminum Bahrain 0.635 0.8% 9,970 Best Return Performers AlKhaleeji Commercial Bank Market Return Closing DTD DTD MTD YTD-18 Value Chg % Chg % Chg % Chg Bahrain All Share Index 1,350.67 (1.59) (0.1%) 1.4% 1.4% Market Cap (BHD Mln) 7,774.10 (9.77) (0.1%) 1.6% 1.6% DTD DTD Trading Indicators Today's Value Price Daily Value (BHD) % Chg (BHD) ITHMAR Bank (USD) 0.195 (9.3%) 190,293 Zain Bahrain B.S.C 0.075 (1.3%) 2,640 Worst Return Performers Volume ('000 Shares) Value Traded (BHD '000) No. of Trades Average Daily Chg % Chg YTD-18 YTD-17 3,828 (2,754) (41.8%) 7,103 6,368 398 (771) (66.0%) 1,140 1,121 82 (31) (27.4%) 103 97 Market Breadth 4 Price Daily Volume (BHD) % Chg (Shares) ITHMAR Bank (USD) 0.195 (9.3%) 2,533,000 AlKhaleeji Commercial Bank 0.120 1.7% 423,986 Bahrain Telecommunications Co. 0.206 1.0% 374,100 Arab Banking Corporation. (USD) 0.275 0.0% Nass Corporation 0.122 0.0% Most Active Stocks by Volume 2 34 Price Daily Value (BHD) % Chg (BHD) ITHMAR Bank (USD) 0.195 (9.3%) 190,293 Bahrain Telecommunications Co. 0.206 1.0% 76,068 AlKhaleeji Commercial Bank 0.120 1.7% 50,678 233,000 Arab Banking Corporation. (USD) 0.275 0.0% 24,156 108,000 National Bank of Bahrain 0.650 0.0% 17,383 Most Active Stocks by Value Source: KAMCO Research 8
9. KAMCO Research Muscat Securities Market Daily Report February 1 , 2018 Index Performance relative to Volume Sector Returns 200 Market Cap. DTD MTD YTD 6,400 180 (OMR Mn) % Chg % Chg % Chg (1.9%) (1.9%) 160 MSM 30 Index Value 6,200 140 6,000 120 5,800 100 5,600 Vol. Traded (Mln. Shares) 6,600 Muscat Securities Mkt 4,396 (0.4%) Financial 2,229 (0.7%) (0.0%) (0.0%) 369 0.2% (2.3%) (2.3%) 1,799 (0.2%) (4.0%) (4.0%) Industrial Services Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector 80 5,400 60 5,200 40 Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 Apr-17 May17 0 Mar-17 4,800 Feb-17 20 Jan-17 5,000 Top Movers and Most Active Stocks Trading Indicators Market Return Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg Price Daily Value (OMR) % Chg (OMR) Al Madina Investment company 0.057 3.6% 36,320 MSM 30 Index 4,999.96 (7.69) (0.2%) (1.9%) (1.9%) Al Anwar Ceramic Tiles Co. 0.131 2.3% 56,431 Market Cap (OMR Mn) 4,396.28 (18.08) (0.4%) (1.9%) (1.9%) Al Madina Takaful 0.095 2.2% 57,282 Al Sharqia Inv. Holding 0.113 1.8% 33,435 Al Anwar Holding 0.149 1.4% 106,249 Best Return Performers Price Daily Value (OMR) % Chg (OMR) HSBC Bank Oman 0.110 (9.1%) 9,939 OMINVEST 0.416 (1.9%) 270,400 Oman Telecom Co. 1.120 (0.4%) 32,051 Worst Return Performers Trading Indicators Average Daily Today's DTD DTD Value Chg % Chg YTD-17 YTD-16 Volume ('000 Shares) 8,254 5,799 70.3% 5,362 8,396 Value Traded (OMR '000) 1,940 1,442 74.3% 1,303 2,292 434 169 38.9% 277 508 No. of Trades Market Breadth 9 3 Price Daily Volume (OMR) % Chg (Shares) Bank Muscat 0.410 1.0% 2,240,868 Bank Muscat 0.410 1.0% Oman Investment & Finance Co. 0.130 0.8% 1,141,356 OMINVEST 0.416 (1.9%) 270.4 Bank Sohar 0.156 0.0% 762,723 Oman Investment & Finance Co. 0.130 0.8% 148.3 Most Active Stocks by Volume Most Active Stocks by Value Price 33 (OMR) Daily Volume % Chg (OMR'000) 918.5 Al Anwar Holding 0.149 1.4% 711,899 National Bank of Oman 0.215 0.0% 130.7 OMINVEST 0.416 (1.9%) 650,000 Bank Sohar 0.156 0.0% 119.2 Source: KAMCO Research 9
10. KAMCO Research The Egyptian Exchange Daily Report February 1 , 2018 (The bulletin covers the top 60 companies by Mkt. Cap out of 336 listed companies) Index Performance relative to Volume Sector Returns 500 Market Cap. (EGP Mn) 15,500 DTD % Chg MTD % Chg YTD % Chg 2.1% 450 400 The Egyptian Exchange 562,561 (1.5%) 2.1% Banking & Finance 143,681 (1.7%) 3.9% 3.9% Basic Resources 39,555 (2.5%) (10.4%) (10.4%) Chemical 52,638 (3.3%) 26.3% 26.3% Construction & Material 47,021 (2.4%) 6.0% 6.0% Financial Services 28,797 (0.4%) (3.9%) (3.9%) Food & Beverage 14,600 0.7% 3.8% 3.8% Healthcare & Pharma. 11,462 0.0% (5.6%) (5.6%) Ind. Goods,Services, Auto. 43,142 (2.4%) 6.8% 6.8% 1,665 (4.5%) 28.0% 28.0% (30.0%) EGX 30 Index 350 300 13,500 250 200 Volume Traded (Mn Shrs) 14,500 12,500 Media 150 Oil & Gas 8,360 1.7% (30.0%) Personal & Household 56,381 0.4% 2.1% 2.1% Real Estate 45,049 (2.2%) (0.1%) (0.1%) Telecommunication 61,821 (0.0%) (4.5%) (4.5%) 8,389 (1.9%) 13.4% 13.4% 100 11,500 50 Travel & Leisure 0 Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 10,500 Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Top Movers and Most Active Stocks Trading Indicators Price Daily (EGP) % Chg Juhayna Food Industries 10.90 2.3% EGX 30 Index Misr Cement Co. 36.51 2.2% Market Cap (EGP Mn) Best Return Performers Alexandria Mineral Oils Co. Housing and Development Bank Arab Polvara Spinning & Weaving Co. Worst Return Performers 9.71 1.7% 50.96 1.3% 3.01 1.0% 12.12 (4.0%) Egyptian Iron & Steel Co. 8.56 (3.9%) Alexandria Spinning & Weaving (SPINALEX) 2.01 (3.8%) Price Volume Most Active Stocks By Volume (273.29) (1.8%) 0.2% 0.2% 562,561 (8,492) (1.5%) 2.1% 2.1% Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 142 260 809 (25.6) (3.1%) 853 1,308 0.7% 17,151 23,206 No. of Trades El Ahli Investment and Development % Chg 15,042.37 20.0% Value Traded (EGP Mn) (4.3%) YTD-17 % Chg 22.76 Daily (4.5%) MTD % Chg 137 % Chg 8.78 DTD Chg Volume (Mn Shares) Price 22.18 DTD Value Trading Indicators (EGP) El Ezz Steel Rebars Egyptian Media Production City Closing Market Return 18,961 138 Market Breadth 12 Most Active Stocks By Value (EGP) ('000 Shrs) 42 Price 6 Daily Value (EGP) % Chg (EGP Mn) Amer Group Holding 0.31 35,856 Commercial Int'l Bank (Egypt) Citadel Capital 1.28 24,126 Elswedy Cables 78.34 (2.63%) 126.63 156.43 (2.32%) 53.38 Egyptian Resorts Co. 1.54 14,563 Global Telecom Hldg. (Orascom Telecom) Palm Hills Developments 3.73 9,464 ABU Qir Fertilizers & Chemical ind. Co. 6.80 (0.29%) 40.76 29.90 (3.20%) Global Telecom Hldg. (Orascom Telecom) 6.80 5,997 Egyptian Financial Group-Hermes Hldg Co. 20.54 39.64 0.15% 38.78 Source: KAMCO Research 10
11. KAMCO Research Amman Stock Exchange Daily Report (1st Market) Sector Returns 3 1,925 0 Vol. Traded (Mln. Shares) 1,975 Market Cap. (JD Mn) Jan-18 6 Dec-17 2,025 Nov-17 9 Oct-17 2,075 Sep-17 12 Aug-17 2,125 Jul-17 15 Jun-17 2,175 May-17 18 Apr-17 2,225 Mar-17 21 Feb-17 2,275 Jan-17 ASE Index Value Index Performance relative to Volume February 1, 2018 DTD % Chg MTD % Chg YTD % Chg 12,970 9,130 106 161 222 23 255 114 107 463 6 512 71 62 13 8 16 58 1,156 343 0.1% 0.0% 0.1% (0.3%) 0.1% 0.0% 0.0% 0.0% 0.5% (0.8%) 0.0% 0.0% 0.0% (1.6%) (0.4%) 0.0% 0.0% 0.1% 0.5% 3.0% 2.9% 2.0% 0.4% (0.5%) (3.2%) 8.0% (0.9%) (2.0%) 4.3% 2.9% (1.7%) 3.4% 5.0% (5.4%) (8.2%) 0.0% 0.9% 2.2% 14.9% 3.5% 2.9% 2.0% 0.4% (0.5%) (3.2%) 8.0% (0.9%) (2.0%) 4.3% 2.9% (1.7%) 3.4% 5.0% (5.4%) (8.2%) 0.0% 0.9% 2.2% 14.9% 3.5% Engineering & Construction 47 (0.5%) 1.7% 1.7% Electrical Industries 11 0.0% (2.7%) (2.7%) Textiles , Leathers & Clothings 80 (0.4%) 1.6% 1.6% 6 0.0% 0.0% 0.0% Amman Stock Exchange Banks Insurance Diversified Financial Services Real Estate Health Care Services Educational Services Hotels and Tourism Transportation Technology & Communications Media Utilities & Energy Commercial Services Pharmaceutical & Medical Ind. Chemical Industries Paper & Cardboard Industries Printing & Packaging Food & Beverages Tobacco & Cigarettes Mining & Extraction Industries Glass & Ceramic Industries Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Top Movers and Most Active Stocks Trading Indicators Price Daily (JD) % Chg AKARY FOR INDUSTRIES & REAL ESTATE INV. 2.83 4.8% ASE Index JORDAN PHOSPHATE MINES 2.69 4.7% Market Cap (JD Mn) Best Return Performers SPECIALIZED JORDANIAN INVESTMENT 0.26 4.0% UNITED FINANCIAL INVESTMENTS 0.67 3.1% ARAB UNION INTERNATIONAL INSURANCE 1.11 2.8% Closing DTD DTD MTD YTD-18 Value Chg % Chg % Chg % Chg 2,193.30 (1.09) (0.0%) 3.1% 3.1% 12,970.20 12.78 0.1% 2.9% 2.9% Market Return Today's DTD DTD Value Chg % Chg Average Daily Trading Indicators Price Daily (JD) % Chg INT'L BROKERAGE & FINANCIAL MARKETS 0.12 (7.7%) ALSHAMEKHA FOR REAL ESTATE & FINANCIAL INV. 0.84 (4.5%) JORDAN VEGETABLE OIL INDUSTRIES 1.61 (4.2%) EL-ZAY READY WEAR MANUFACTURING 0.24 (4.0%) DAR AL DAWA DEVELOPMENT & INVESTMENT 1.69 (2.3%) Worst Return Performers Most Active Stocks By Volume ALIA- THE ROYAL JORDANIAN AIRLINES Price Volume (JD) ('000 Shrs) 0.52 239 YTD-18 YTD-17 Volume ('000 Shares) 1,572 (221) (12.3%) 1,889 3,990 Value Traded (JD '000) 2,059 (494) (47.2%) 2,708 3,808 No. of Trades 1,193 (73) (5.8%) 54 2,085 22 79 Price Daily Value (JD) % Chg (JD) 2.69 4.7% 195,368 182,743 Market Breadth Most Active Stocks By Value JORDAN PHOSPHATE MINES 18 UNION INVESTMENT CORPORATION 1.18 155 UNION INVESTMENT CORPORATION 1.18 (0.8%) READY MIX CONCRETE & CONSTRUCTION SUPPLIES 1.07 126 AKARY FOR INDUSTRIES & REAL ESTATE INV. 2.83 4.8% 158,979 SPECIALIZED INVESTMENT COMPOUNDS 0.80 107 READY MIX CONCRETE & CONSTRUCTION SUPPLIES 1.07 (0.9%) 134,309 JORDAN ELECTRIC POWER 1.76 75 37.19 0.5% 134,220 AL-EQBAL INVESTMENT CO. Source: KAMCO Research 11
12. KAMCO Research Tunisia Stock Exchange Daily Report February 1 , 2018 Index Performance relative to Volume Sector Returns 2,000 6,500 6,400 Market Cap. DTD MTD YTD (DT Mn) % Chg % Chg % Chg 19,927 (0.2%) 3.0% 3.0% 9,128 0.6% 5.5% 5.5% Insurance 556 (0.3%) (4.5%) (4.5%) Leasing 621 (8.8%) 0.6% 0.6% Financial Services 2,170 (0.1%) 1.8% 1.8% Industrial 1,407 1.1% 0.8% 0.8% 354 (0.0%) (3.5%) (3.5%) Food & Beverage 2,774 (0.6%) 1.5% 1.5% Retailing 1,412 (1.4%) (1.9%) (1.9%) Others 1,506 (0.1%) 4.5% 4.5% 1,800 1,600 6,200 Tunisia Index 6,100 1,400 6,000 1,200 5,900 1,000 5,800 5,700 Vol. Traded ('000. Shares) 6,300 800 Tunis Stock Exchange Banking Chemical Industry 5,600 600 5,500 400 5,400 Jan/18 Dec/17 Nov/17 Oct/17 Sep/17 Aug/17 Jul/17 Jun/17 May/17 Apr/17 Mar/17 Feb/17 200 Jan/17 5,300 Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Top Movers and Most Active Stocks Trading Indicators Price Daily (DT) % Chg TelNet Holding 7.40 5.3% Tunisia Index Universal Auto Distributors Holding 2.20 4.8% Market Cap (DT Mln) Best Return Performers 3.29 2.8% Société d’Articles Hygiéniques 15.80 2.3% Union Bancaire pour le Commerce et l'Industrie 23.50 2.2% Arab Tunisian Lease Worst Return Performers City Cars Modern Leasing Trading Indicators Closing DTD DTD MTD YTD-18 Value Chg % Chg % Chg % Chg 0.1% 2.4% 2.4% (0.2%) 3.0% 3.0% 6,431.63 19,927 DTD DTD Value Chg % Chg (229.8) (33.3%) 530 368 Volume ('000 Shares) 460 YTD-17 Daily Value Traded ('000 DT) 4,702 651 16.1% 4,684 3,148 11.51 (5.5%) No. of Trades 1,812 543.0 42.8% 1,539 876 (3.0%) Société Générale Industrielle de Filtration 1.48 (2.6%) Société Tunis. d'Entreprises de Télécom. 3.05 (2.6%) Market Breadth Price Volume (DT) (Shares) TelNet Holding 7.40 63,906 Banque de l'Habitat Société Moderne de Céramique 1.28 39,242 TelNet Holding Universal Auto Distributors Holding 2.20 34,542 Banque Internationale Arabe de Tunisie 19.47 29,462 3.60 27,004 Société Tunisienne de Banque YTD-18 % Chg (4.3%) Banque de l'Habitat Average Daily Today's (DT) 3.79 Most Active Stocks By Volume 9.01 (32.91) Price 12.39 Société Tunis. de Trans. des Hydro. par Pipelines Market Return Most Active Stocks By Value 23 26 17 Price Daily Value (DT) % Chg (DT '000) 19.47 0.7% 570 7.40 5.3% 466 129.30 1.2% 458 Attijari Bank 44.49 0.7% 458 Union Internationale de Banques 23.85 0.3% 408 Source: KAMCO Research 12
13. KAMCO Research Beirut Stock Exchange Daily Report February 1 , 2018 Sector Returns Index Performance relative to Volume 1,280 7,500 Market Cap. DTD MTD YTD (USD Mn) % Chg % Chg % Chg Beirut Stock Exchange 11,939 (0.5%) 5.0% 5.0% Banking 10,154 (0.4%) 4.6% 4.6% 331 0.0% 6.7% 6.7% 35 0.0% 0.0% 0.0% 1,419 (1.6%) 7.5% 7.5% 1,240 4,500 1,160 1,120 3,000 1,080 Vol. Traded ('000. Shares) Blom Stock Index 6,000 1,200 Industrial Trading Real Estate & Construction Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector 1,500 Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 1,000 Jan-17 1,040 0 Trading Indicators Top Movers and Most Active Stocks Best Return Performers Price Daily (USD) % Chg No Gainers Market Return Blom Stock Index Market Cap (USD Mn) Trading Indicators Worst Return Performers Price Daily (USD) % Chg Solidere B 8.50 (2.4%) Bank Audi 5.90 (1.5%) Solidere A 8.66 (1.0%) 12.90 (0.8%) BLOM Bank GDR Volume ('000s shares) Value Traded ('000s USD) Closing DTD DTD MTD YTD-18 Value Chg % Chg % Chg % Chg 1,177.43 (6.70) (0.6%) 2.5% 2.5% 11,939.03 (66.02) (0.5%) 5.0% 5.0% Today's DTD DTD Value Chg % Chg Price Volume (USD) (Shares) YTD-17 1,690.30 1,049 163.6% 250 662 16,286.37 9,905 155.2% 3,645 2,878 Market Breadth 0 Most Active Stocks by Volume Average Daily YTD-18 Most Active Stocks by Value 4 31 Price Daily Value (USD) % Chg (USD) Solidere A 8.66 846,005 Solidere A 8.66 (1.0%) 8,119,788 Solidere B 8.50 817,669 Solidere B 8.50 (2.4%) 7,883,424 Bank Audi 5.90 16,000 12.90 (0.8%) 98,814 BLOM Bank GDR 12.90 7,660 Bank Audi 5.90 (1.5%) 94,400 Ciments Blancs N 2.56 2,125 Bank Audi Preferred I 100.00 0.0% 84,500 BLOM Bank GDR Source: KAMCO Research 13
14. KAMCO Research Casablanca Stock Exchange Daily Report February 1 , 2018 (The Bulletin covers the 41 Stocks listed on the Main Market) Index Performance relative to Volume Sector Returns 22000 13,250 20000 Market Cap. DTD MTD YTD (MAD Mn) % Chg % Chg % Chg 6.0% 18000 12,750 MASI Index 16000 12,500 14000 12,250 12000 Volume Traded ('ooo shares) 13,000 10000 12,000 Casablanca Stock Exchange 595,207 0.4% 6.0% Banking 223,327 0.0% 3.6% 3.6% 3,742 0.0% 11.7% 11.7% Beverages Chemicals 1,912 2.4% 40.2% 40.2% Construction & Bldg. Material 76,358 1.7% 3.9% 3.9% Distributors 10,866 0.1% 1.9% 1.9% 305 (0.1%) 1.5% 1.5% Electrical & Electronic Equip. Electricity 24,532 0.0% 13.0% 13% Food Producers & Processors 17,699 0.4% 2.9% 2.9% 7.5% Holding Companies 3,154 (1.4%) 7.5% 28,835 1.3% 4.7% 4.7% Investment & other Finance 4,458 (0.4%) 11.7% 11.7% Leisures & Hotel 2,374 (1.4%) 15.1% 15.1% Materials, Software & Computer 2,350 (2.3%) 20.6% 20.6% 25,260 2.5% 10.5% 10.5% 10.1% Insurance 8000 11,750 6000 11,500 Mining 4000 11,250 12,840 0.0% 10.1% Real Estate 21,249 0.9% 1.1% 1.1% 129,842 0.0% 10.2% 10.2% 2000 Telecommunications Transport 1,140 0.6% 12.0% 12.0% 0 Utilities 4,880 0.0% (1.6%) (1.6%) 83 1.3% (2.6%) (2.6%) Jan/18 Dec/17 Nov/17 Oct/17 Sep/17 Aug/17 Jul/17 Jun/17 May/17 Apr/17 Mar/17 Feb/17 Jan/17 11,000 Oil & Gas Forestry & Paper Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Top Movers and Most Active Stocks Best Return Performers Trading Indicators Price Daily (MAD) % Chg Market Return Closing DTD DTD MTD YTD-18 Value Chg % Chg % Chg % Chg Societe Metallurgique D'Imiter 3,356.00 4.7% MASI Index 13,075.49 64.90 0.5% 5.5% 5.5% SAHAM ASSURANCE 1,719.00 4.5% MADEX Index 10,653.78 53.67 0.5% 5.5% 5.5% Banque Marocaine Du Commerce Exterieur 225.00 3.8% Market Cap (MAD Mn) 595,207 2.47 0.4% 6.0% 6.0% Societe Nationale d'Electrolyse et de Petrochimie 796.50 2.4% 1,834.00 1.9% Managem Trading Indicators Worst Return Performers Hightech Payment Systems SA Attijariwafa Bank Delta Holding Price Daily (MAD) % Chg Volume ('000 Shares) 2,000.00 (3.8%) Value Traded (MAD Mn) 500.00 (1.5%) 36.00 (1.4%) Risma 165.70 (1.4%) Lesieur Cristal 179.60 (0.9%) Most Active Stocks By Volume Douja Prom Addoha Price Volume (MAD) (Shrs) Today's DTD DTD Value Chg % Chg Average Daily YTD-18 YTD-17 1,146.43 534.7 87.4% 659 516 119.30 25.41 27.1% 101 70 Market Breadth Most Active Stocks By Value 19 9 Price (MAD) 13 Daily Value % Chg (MAD Mn) 33.50 439,658 Banque Marocaine Du Commerce Exterieur 225.00 3.8% 40.72 Banque Marocaine Du Commerce Exterieur 225.00 367,792 Attijariwafa Bank 500.00 (1.5%) 22.23 Attijariwafa Bank 500.00 88,923 Societe Nationale d'Electrolyse et de Petrochimie 796.50 2.4% 10.94 72.20 54,088 Salafin 990.00 (0.8%) 9.90 294.00 40,579 Douja Prom Addoha 33.50 1.5% 7.33 Compagnie d'Assurances et de Reassurances ATLANTA Banque Centrale Populaire Source: KAMCO Research 14
15. KAMCO Research Damascus Securities Exchange Daily Report February 1 , 2018 Index Performance relative to Volume Sector Returns 7,000 700 Market Cap. DTD MTD MTD (SRY Mn) % Chg % Chg % Chg 623,713 1.5% (0.7%) (0.7%) 587,940 1.6% (1.1%) (1.1%) 6,700 6,400 600 6,100 Damascus SE 5,800 500 DSE TRW Index 5,200 4,900 4,600 400 4,300 4,000 3,700 300 3,400 3,100 2,800 Vol. Traded ('000. Shares) 5,500 200 Banking 2,310 0.0% 9.8% 9.8% Industrial Services 10,676 0.0% 2.5% 2.5% Insurance 22,257 0.4% 8.1% 8.1% 528 0.0% 0.0% 0.0% Agricultural Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector 2,500 2,200 1,900 100 1,600 1,300 Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 0 Jan-17 1,000 Trading Indicators Top Movers and Most Active Stocks Closing DTD DTD MTD YTD-18 Value Chg. % Chg. % Chg. % Chg. 110.19 1.9% (1.1%) (1.1%) 9,236.0 1.5% (0.7%) (0.7%) Price (SRY) Daily % Chg 1086.00 4.98% DSE Weighted Index 5,919.64 Qatar National Bank Syria 549.36 4.88% Market Cap (SRY Mn) 623,713 Cham Bank 779.94 3.70% Al-Aqeelah Takaful Insurance 332.30 1.47% Best Return Performers Syria International Islamic Bank Market Return Trading Indicators Worst Return Performers Price (SRY) Daily % Chg Fransabank Syria 461.57 (1.9%) Qatar National Bank Syria Syria International Islamic Bank DTD Chg. % Chg. YTD-18 (105,692) (53.9%) 76,130 2,722 (62.2%) 56,177 51,808 (40.8%) 88 108.9 90,443 Value Traded ('000 SRY) 57,520 Market Breadth Most Active Stocks by Volume DTD Value Volume (Shrs) No. of Trades Price (SRY) Volume (Shrs) Most Active Stocks by Value 549.36 39,143 Qatar National Bank Syria 1086.00 16,853 Syria International Islamic Bank Average Daily Today's 3 119 (82.0) 4 1 Price (SRY) YTD-17 19 Daily % Chg Value (SRY) 549.36 4.9% 21,503,529 1,086.00 5.0% 18,302,358 Al-Aqeelah Takaful Insurance 332.30 15,201 Cham Bank 779.94 3.7% 7,368,048 Cham Bank 779.94 9,447 Al-Aqeelah Takaful Insurance 332.30 1.5% 5,051,360 Fransabank Syria 461.57 5,229 Fransabank Syria 461.57 (1.9%) 2,413,526 Source: KAMCO Research 15
16. Disclaimer & Important Disclosures KAMCO is authorized and fully regulated by the Capital Markets Authority ("CMA, Kuwait") and partially regulated by the Central Bank of Kuwait (“CBK”). This document is provided for informational purposes only. Nothing contained in this document constitutes investment, an offer to invest , legal, tax or other advice or guidance and should be disregarded when considering or making investment decisions. In preparing this document, KAMCO did not take into account the investment objectives, financial situation and particular needs of any particular person. Accordingly, before acting on this document, investors should independently evaluate the investments and strategies referred to herein and make their own determination of whether it is appropriate in light of their own financial circumstances and objectives. The entire content of this document is subject to copyright with all rights reserved. This research and the information contained herein may not be reproduced, distributed or transmitted in Kuwait or in any other jurisdiction to any other person or incorporated in any way into another document or other material without our prior written consent. Analyst Certification Each of the analysts identified in this report certifies, with respect to the sector, companies or securities that the individual analyses, that (1) the views expressed in this report reflect his or her personal views about all of the subject companies and securities and (2) no part of his or her compensation was, is or will be directly or indirectly dependent on the specific recommendations or views expressed in this report. KAMCO Ratings KAMCO investment research is based on the analysis of regional and country economics, industries and company fundamentals. KAMCO company research reflects a long-term (12-month) target price for a company or stock. The ratings bands are:    Outperform: Target Price represents expected returns >= 10% in the next 12 months Neutral: Target Price represents expected returns between -10% and +10% in the next 12 months Underperform: Target Price represents an expected return of <-10% in the next 12 months In certain circumstances, ratings may differ from those implied by a fair value target using the criteria above. KAMCO policy is to maintain up-to-date fair value targets on the companies under its coverage, reflecting any material changes to the analyst’s outlook on a company. Share price volatility may cause a stock to move outside the rating range implied by KAMCO’s fair value target. Analysts may not necessarily change their ratings if this happens, but are expected to disclose the rationale behind their view to KAMCO clients. Any terms and conditions proposed by you which are in addition to or which conflict with this Disclaimer are expressly rejected by KAMCO and shall be of no force or effect. The information contained in this document is based on current trade, statistical and other public information we consider reliable. We do not represent or warrant that such information is fair, accurate or complete and it should not be relied upon as such. KAMCO has no obligation to update, modify or amend this document or to otherwise notify a recipient thereof in the event that any opinion, forecast or estimate set forth herein, changes or subsequently becomes inaccurate. The publication is provided for informational uses only and is not intended for trading purposes. The information on publications does not give rise to any legally binding obligation and/or agreement, including without limitation any obligation to update such information. You shall be responsible for conducting your own investigation and analysis of the information contained or referred to in this document and of evaluating the merits and risks involved in the securities forming the subject matter of this or other such document. Moreover, the provision of certain data/information in the publication may be subject to the terms and conditions of other agreements to which KAMCO is a party. Nothing in this document should be construed as a solicitation or offer, or recommendation, to acquire or dispose of any investment or to engage in any other transaction, or to provide any investment advice or service. This document is directed at Professional Clients and not Retail Clients within the meaning of CMA rules. Any other persons in receipt of this document must not rely upon or otherwise act upon it. Entities and individuals into whose possession this document comes are required to inform themselves about, and observe such restrictions and should not rely upon or otherwise act upon this document where it is unlawful to make to such person such an offer or invitation or recommendation without compliance with any authorization, registration or other legal requirements. KAMCO Investment Company (DIFC) Limited (“KAMCO DIFC”) is regulated by the Dubai Financial Services Authority (DFSA). KAMCO DIFC may only undertake the financial services activities that fall within the scope of its existing DFSA licence. This document is intended for Professional Clients or Market Counterparties only as defined by the DFSA, and no other person should act upon it.’ Risk Warnings Any prices, valuations or forecasts are indicative and are not intended to predict actual results, which may differ substantially from those reflected. The value of an investment may go up as well as down. The value of and income from any investment may fluctuate from day to day as a result of changes in relevant economic markets (including, without limitation, foreseeable or unforeseeable changes in interest rates, foreign exchange rates, default rates, prepayment rates, political or financial conditions, etc.). Past performance is not indicative of future results. Any opinions, estimates, valuations or projections (target prices and ratings in particular) are inherently imprecise and a matter of judgment. They are statements of opinion and not of fact, based on current expectations, estimates and projections, and rely on beliefs and assumptions. Actual outcomes and returns may differ materially from what is expressed or forecasted. There are no guarantees of future performance. Certain transactions, including those involving futures, options, and other derivatives, give rise to substantial risk and are not suitable for all investors. This document does not propose to identify or to suggest all of the risks (direct or indirect) which may be associated with the investments and strategies referred to herein. Conflict of Interest KAMCO and its affiliates provide full investment banking services, and they and their directors, officers and employees, may take positions which conflict with the views expressed in this document. Salespeople, traders, and other professionals of KAMCO may provide oral or written market commentary or trading strategies to our clients and our proprietary trading desks that reflect opinions that are contrary to the opinions expressed in this document. Our asset management area, our proprietary trading desks and investing businesses may make investment decisions that are inconsistent with the recommendations or views expressed in this document. KAMCO may have or seek investment banking or other business relationships for which it will receive compensation from the companies that are the subject of this document. Facts and views presented in this document have not been reviewed by, and may not reflect information known to, professionals in other KAMCO business areas, including investment banking personnel. United Gulf Bank, Bahrain owns majority of KAMCO’s shareholding and this ownership may create, or may create the appearance of, conflicts of interest. No Liability & Warranty KAMCO makes neither implied nor expressed representations or warranties and, to the fullest extent permitted by applicable law, we hereby expressly disclaim any and all express, implied and statutory representations and warranties of any kind, including, without limitation, any warranty as to accuracy, timeliness, completeness, and fitness for a particular purpose and/or non-infringement. KAMCO will accept no liability in any event including (without limitation) your reliance on the information contained in this document, any negligence for any damages or loss of any kind, including (without limitation) direct, indirect, incidental, special or consequential damages, expenses or losses arising out of, or in connection with your use or inability to use this document, or in connection with any error, omission, defect, computer virus or system failure, or loss of any profit, goodwill or reputation, even if expressly advised of the possibility of such loss or damages, arising out of or in connection with your use of this document. We do not exclude our duties or liabilities under binding applicable law. KAMCO Investment Company
17. KAMCO Investment Company - K .S.C. (Public) Al-Shaheed Tower, Khalid Bin Al-Waleed Street- Sharq P.O. BOX : 28873, Safat 13149, State of Kuwait Tel: (+965) 1852626 Fax: (+965) 22492395 Email : Kamcoird@kamconline.com Website : http://www.kamconline.com KAMCO Investment Company