MENA Markets Daily Report - 15 October

Transcription

1. KAMCO Research MENA Markets Daily Report Country October 15 , 2017 Index Value Benchmark DTD Change YTD 2017 FY 2016 MENA Countries Kuwait Price Index ▲ 6,628.54 0.0% 15.3% 2.4% Kuwait …………………………………. 2 Kuwait Weighted Index ▲ 431.55 0.1% 13.5% (0.4%) Saudi Arabia ………………………. 3 Kuwait KSX 15 Index ▲ 1,004.94 0.0% 13.5% (1.7%) UAE - Dubai …………………………. 4 Saudi Arabia TADAWUL All Share Index ▲ 6,987.76 1.4% (3.1%) 4.3% UAE - Nasdaq Dubai……… 5 UAE - Dubai DFM General Index ▲ 3,660.27 0.6% 3.7% 12.1% UAE - Abu Dhabi …………………… 6 UAE - Nasdaq Dubai FTSE NASDAQ Dubai UAE 20 Index ▲ 3,524.16 0.5% 7.0% 7.5% Qatar …………………………………… 7 UAE - Abu Dhabi ADX General Index ▲ 4,525.88 0.2% (0.5%) 5.6% Bahrain ………………………………… 8 Qatar QE 20 Index ▲ 8,342.09 0.1% (20.1%) 0.1% Oman …………………………………… 9 Bahrain Bahrain All Share ▼ 1,274.75 (0.0%) 4.4% 0.4% Egypt …………………………………. 10 Oman MSM 30 Index ▲ 5,128.48 0.1% (11.3%) 7.0% Jordan…………………………… 11 Egypt EGX 30 ▲ 13,891.71 0.5% 12.5% 76.2% Tunisia …………………………………. 12 Jordan ASE Index ▲ 2,109.78 0.3% (2.8%) 1.6% Lebanon ………………………………. 13 Lebanon Blom Stock Index ▲ 1,154.71 0.0% (4.8%) 3.7% Morocco……………………….. 14 Tunisia Tunisia Index ▼ 6,116.92 (0.1%) 11.4% 8.9% Syria ……………………………… 15 Morocco MASI ▲ 12,484.82 0.5% 7.2% 30.5% Syria DSE Weighted Index ▲ 3,491.48 0.6% 115.9% 31.7% 3,390.52 0.1% 9.2% (12.3%) In this Report… Emerging Markets China SSE Composite Index ▲ Russia RUSSIAN RTS INDEX ($) ▲ 1,156.64 1.1% 0.4% 52.2% India SENSEX ▲ 32,432.69 0.8% 21.8% 1.9% Brazil BOVESPA Stock Index ▲ 76,989.79 0.4% 27.8% 38.9% Mexico BOLSA Index ▲ 49,981.94 0.0% 9.5% 6.2% Korea KOSPI Index ▼ 2,473.62 (0.0%) 22.1% 3.3% Taiwan TAIEX Index ▲ 10,724.09 0.1% 15.9% 11.0% 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 ▲ 2,028.01 0.2% 15.8% 5.3% Asia MSCI Asia Pacific ▲ 166.66 0.6% 23.4% 2.3% Europe DJ Stoxx 600 ▲ 391.42 0.3% 8.3% (1.2%) Europe FTSEurofirst 300 ▲ 1,537.27 0.2% 7.6% (0.6%) Emerging Markets MSCI EM Index ▲ 1,125.91 0.4% 30.6% 8.6% U.S.A S&P 500 ▲ 2,553.17 0.1% 14.0% 9.5% U.S.A DJIA ▲ 22,871.72 0.1% 15.7% 13.4% U.S.A NASDAQ Composite ▲ 6,605.80 0.2% 22.7% 7.5% UK FTSE 100 ▼ 7,535.44 (0.3%) 5.5% 14.4% Germany DAX ▲ 12,991.87 0.1% 13.2% 6.9% Japan NIKKEI 225 ▲ 21,155.18 1.0% 10.7% 0.4% Hong Kong HANG SENG INDEX ▲ 28,476.43 0.1% 29.4% 0.4% Oil OPEC Crude ▼ 54.44 (0.2%) 2.1% 67.1% Oil Brent ▲ 57.17 1.6% 0.6% 52.4% Oil Kuwait ▲ 54.71 1.5% 2.6% 85.5% Natural Gas NYMEX Natural Gas (USD/MMBtu) ▲ 3.00 0.4% (16.8%) 30.0% Gold Gold Spot $/Oz ▲ 1,303.82 0.8% 13.6% 8.1% Commodities Source: Bloomberg & KAMCO Research
2. KAMCO Research Boursa Kuwait Daily Report October 15 , 2017 Sector Weight by Market Cap Insurance 1% Market Capitalization - Sector Returns Financial Services Technology 8% 0.1% Real Estate 8% Market Cap. Boursa Kuwait Oil & Gas 1% Oil & Gas Basic Materials Basic Materials 3% Banks 50% Industrials 11% Consumer Goods 4% Telecom 11% 29,368.4 ▲ 0.1% 0.1% 12.4% 213.5 ▲ 2.1% 4.0% (6.7%) 35.5% ▼ (0.4%) (0.9%) ▼ (0.2%) (2.3%) 22.9% Consumer Goods 1,122.4 ▼ (0.3%) (1.3%) (21.8%) (14.0%) Health Care 196.8 ═ 0.0% (17.1%) Consumer Services 636.3 ▼ (0.3%) (1.1%) 0.4% 3,232.0 ▼ (0.6%) (0.9%) 12.2% 14,792.5 ▲ 0.3% 1.2% 19.4% 342.6 ▲ 0.1% (0.6%) 5.8% Real Estate 2,244.1 ▲ 0.6% 0.5% 2.0% Financial Services 2,404.9 ▼ (0.3%) 0.3% (1.7%) 26.7 ═ 0.0% (4.3%) (14.7%) Telecommunications 39 Market Breadth Company Name Market Cap. P/E ROE* (Mn KWD) (X) (%) YTD % Chg 829.4 Technology Top 10 Companies by Market Capitalization MTD % Chg 3,327.0 Insurance Health Care 0.7% DTD % Chg Industrials Banks Consumer Services 2% DTD (KWD Mn) Benchmark Return Price Index 52 67 Closing DTD DTD Value Chg % Chg % Chg % Chg 2.4 0.0% (0.8%) 15.3% 6,628.54 MTD YTD 1- National Bank of Kuwait 4,651.1 15.0 10.7% Weighted Index 431.55 0.4 0.1% 0.2% 13.5% 2- Kuwait Finance House 3,442.1 19.6 9.8% Kuwait 15 Index 1,004.94 0.2 0.0% 0.8% 13.5% 3- Zain 2,202.5 14.0 13.3% 29,368 26.4 0.1% 0.1% 12.4% 4- Ahli United Bank - Bahrain 1,579.8 9.0 16.5% 5- Agility (PWC Logistics) 1,119.7 18.0 6.6% 6- Boubyan Bank 12.5% 16.4 18.7% 8- Gulf Bank 777.3 17.3 7.8% 9- Ahli United Bank - Kuwait 774.6 18.8 10.5% 10- Burgan Bank 761.7 10.1 11.3% 17,128 15.10 11.2% 1,200 1,100 1,000 420 Volume traded (shr. mil.) 23.2 796.0 Index Performance relative to Volume 450 Weighted Index 1,023.6 7- Kuwait Food Co. (Americana) Market Cap (KWD Mn) 900 800 700 600 390 500 400 Total 360 300 200 100 First Takaful Insurance Co. 0.065 0.005 8.2% Kuwait Remal Real Estate Co. 0.069 0.005 7.8% Al Mudon International Real Estate Co. 0.038 0.002 5.0% Today's Top % Losers Close Change Percent (KWD) (KWD) Change Jiyad Holding Co. 0.047 (0.004) (7.8%) Kuwait & M.E. Financial Inv. Co. 0.027 (0.002) (5.4%) Umm Al-Qaiwain Cement Industries Co. 0.078 (0.004) (4.9%) National Cleaning Co. 0.049 (0.003) (4.9%) AAN Digital Services Co. 0.033 (0.002) (4.6%) Oct-17 9.6% Sep-17 0.035 Aug-17 0.400 Jul-17 9.6% Independent Petroleum Group Jun-17 0.044 May-17 0.500 Apr-17 Change Nafais Holding Co. Mar-17 Percent (KWD) Feb-17 Change Jan-17 Close (KWD) Today's Top % Gainers Dec-16 330 Nov-16 Top Movers and Most Active Stocks Oct-16 *: ROE is calculated based on TTM 1H-2017 net profit & shareholders' equity as of 30-June-17 0 Market Trading Data and Volatility Trading Indicators DTD DTD Value Chg % Chg (11.4%) 235.3 8.1% 25.6 10.5 (10.8%) 5,193 2,768 Volume (Shrs Mn) 72.5 (9.3) Value Traded (KWD Mn) 15.1 1.1 No. of Trades 2,847 Market Volatility** Price Index Weighted Index Average Daily Today's (343) YTD 2017 YTD 2016 117.0 Volatility Since January: 2016 2015 2014 2013 2012 9.4% 9.0% 9.4% 10.0% 9.7% 10.5% 10.0% 10.1% 9.6% 9.3% **: Annualized Standard Deviation of Daily Returns Today's Most Active by Volume Close Percent Volume (KWD) Change (Shares) Today's Most Active by Value Close Percent Value (KWD) Change (KWD) Alimtiaz Investment Group 0.170 1.8% 6,659,295 Zain 0.509 (0.8%) 2,578,656 Educational Holding Group 0.309 0.3% 6,161,338 Educational Holding Group 0.309 0.3% 1,899,119 Zain 0.509 (0.8%) 5,046,752 Kuwait Finance House 0.597 (0.2%) 1,368,556 Ahli United Bank - Bahrain 0.210 2.4% 4,711,325 Boubyan Petrochemicals Co. 0.670 0.0% 1,154,712 Investors Holding Group Co. 0.021 1.5% 4,261,150 Alimtiaz Investment Group 0.170 1.8% 1,127,253 Source: Boursa Kuwait, KAMCO Research 2
3. KAMCO Research Saudi Tadawul Daily Report October 15 , 2017 Sector Returns Index Performance relative to Volume 8,000 650 Market Cap. DTD MTD YTD (SAR Mn) % Chg % Chg % Chg 600 Saudi Stock Exchange 550 500 450 TASI Value 7,000 400 350 Energy Vol. Traded (Mln. Shares) 7,500 Materials Capital Goods Commercial & Professional Svc Transportation Consumer Durables & Apparel Consumer Services Media 6,500 300 250 1,647,344 1.2% (4.4%) (2.1%) 22,709 0.5% (4.8%) (13.1%) 523,699 0.9% (3.8%) 2.3% 8,831 2.0% (3.7%) (64.3%) 8,146 (0.4%) (5.7%) (15.7%) 13,405 1.3% (5.0%) (24.8%) 3,377 1.3% (5.4%) (9.0%) 14,630 1.5% (5.2%) (13.7%) 5,638 0.5% (7.0%) 75.1% 34,786 2.0% (3.1%) 22.6% 7,152 0.6% (3.2%) 8.4% Food & Beverages 77,952 2.0% (16.6%) (11.7%) Health Care Equipment & Svc 27,661 1.5% (2.5%) (0.1%) 3,635 0.9% (8.2%) (25.9%) 443,785 1.6% (4.5%) 3.4% 40,481 0.8% (3.8%) (14.9%) Retailing Food & Staples Retailing 6,000 200 Pharma, Biotech & Life Science 150 5,500 100 Banks Diversified Financials Insurance 50 5,000 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 0 Telecommunication Services Utilities REITs Real Estate Mgmt & Dev't 41,777 1.4% (2.5%) (1.6%) 157,855 1.9% (1.7%) (6.5%) 98,607 0.9% (3.3%) 2.2% 3,351 0.8% 21.8% 503.8% 109,869 0.2% (4.1%) (13.6%) YTD-17 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 (SAR) United Electronics Co. Saudi Arabian Amintit Co. Daily Trading Indicators Value 45.88 6.9% 14,681 Tadawul All Share Index Market Cap (SAR Mn) 6.67 5.5% 18,115 United International Transportation Co. 24.90 5.0% 12,534 Saudi Marketing Company 25.90 4.1% 5,739 Saudi Industrial Investment Group 22.36 4.1% 7,204 Worst Return Performers Price Daily Value Trading Indicators Closing DTD DTD MTD Value Chg % Chg % Chg % Chg % Chg (SAR 000's) Value Traded (SAR Mn) No. of Trades Al Alamiya for Cooperative Insurance Co. 24.30 (2.9%) 10,145 28.64 (2.9%) 9,554 19,860 Al Sagr Co. for Cooperative Insurance 24.43 (2.3%) Alinma Tokio Marine Co 21.76 (1.5%) 3,043 Buruj Cooperative Insurance Co. 29.98 (1.4%) 27,309 Price Daily Volume (SAR) % Chg ('000 Shrs) 6,987.76 97.78 1.4% (4.1%) (3.1%) 1,647,344 20,181.7 1.2% (4.4%) (2.1%) Average Daily Today's DTD DTD Value Chg % Chg YTD-17 Volume (Mn Shares) (SAR) Aldrees Petroleum & Transport Co. Most Active Stocks By Volume Market Return % Chg (SAR 000's) YTD-16 160 12.8 8.7% 171 281 5,227 1,845.1 54.6% 3,300 8,581 (7.5%) 168,709 143,065 80,047 (6,518) Market Breadth 143 Most Active Stocks By Value 32 3 Price Daily Value (SAR) % Chg (SAR Mn) Al-Rajhi Bank 63.64 0.7% 40,254 Al-Rajhi Bank 63.64 0.7% 2,641.0 Alinma Bank 17.40 1.8% 27,436 Saudi Basic Industries Corp 98.74 0.6% 484.3 6.45 1.4% 10,071 Alinma Bank 17.40 1.8% 474.6 Bank Al-Jazira 11.63 1.2% 5,276 Dar Al Arkan Real Estate Development Co. 6.45 1.4% 64.2 Saudi Basic Industries Corp 98.74 0.6% 4,909 Bank Al-Jazira 11.63 1.2% 60.9 Dar Al Arkan Real Estate Development Co. Source: KAMCO Research 3
4. KAMCO Research Dubai Financial Market Daily Report October 15 , 2017 Sector Returns Index Performance relative to Volume 3,800 2,000 Market Cap. DTD MTD YTD (AED Mn) % Chg % Chg % Chg 3,750 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 3,700 500 376,601 0.6% 2.0% 13.4% 155,771 0.8% 1.0% 29.5% 8,483 (0.5%) (0.3%) (39.0%) 23,046 1.5% 5.3% (1.1%) Insurance 5,692 1.6% 2.6% 7.7% Industrial 3,791 2.4% 2.4% 3.4% Investment & Financial Real Estate & Construction 126,346 0.7% 2.9% 11.3% Telecommunication 25,051 (0.9%) 1.0% (12.8%) Transportation 24,110 0.3% 1.9% 9.3% 4,309 0.6% 2.4% 14.1% 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 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 3,100 Top Movers and Most Active Stocks Best Return Performers Price YTD-2015 Top Movers and Most Active Stocks Daily Value Traded (AED) % Chg Islamic Arab Insurance Co. 0.540 14.9% 83,809,607 National Cement Co. 3.100 8.8% 3,410 Emirates NBD 8.480 2.8% 193,344 Al Salam Bank - Sudan 2.000 2.6% 875,346 Dubai Investment 2.460 2.5% 64,005,656 Worst Return Performers Price (AED) Daily Value Traded (AED) % Chg Marka 0.680 (2.9%) Hits Telecom Holding Co. 0.507 (2.5%) 6,662,122 Union Properties 0.850 (2.0%) 55,446,297 Amlak Finance 1.100 (1.8%) 3,915,833 Gulf Navigation Holding 1.410 (1.4%) 7,313,090 Most Active Stocks by Volume (AED) 3,912,791 Price Daily Volume (AED) % Chg ('000 Shrs) Market Return DFM General Index Market Cap (AED Mn) Trading Indicators Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 3,660.27 22.72 0.6% 2.7% 3.7% 376,601 2,367 0.6% 2.0% 13.4% Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 Volume (Mn Shares) 467.1 142.6 43.9% 335 Value Traded (AED Mn) 526.7 63.7 13.7% 457 479 No. of Trades 6,387 917 16.8% 4,398 5,001 Market Breadth Most Active Stocks by Value 16 13 385 31 Price Daily Value (AED) % Chg (AED Mn) Islamic Arab Insurance Co. 0.540 14.9% 162,944 Islamic Arab Insurance Co. 0.540 14.9% Union Properties 0.850 (2.0%) 64,298 Dubai Investment 2.460 2.5% 83.8 64.0 Dubai Islamic Ins.& Reins Co.(AMAN) 0.962 2.3% 30,316 Union Properties 0.850 (2.0%) 55.4 Dubai Investment 2.460 2.5% 26,101 Drake and Scull International 1.870 (1.1%) 44.6 Drake and Scull International 1.870 (1.1%) 23,602 EMAAR Properties 8.750 0.6% 42.4 Source: KAMCO Research 4
5. KAMCO Research as as Nasdaq Dubai Daily Report October 15 , 2017 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 Nasdaq Dubai 40,428 0.02% DP World 18,434 0.0% Nasdaq, Inc. 12,310 0.0% 10.0% 7,513 0.0% (29.5%) Orascom Construction Limited 883 0.0% 43.1% Al Baraka Banking Group 453 0.0% (16.2%) (17.8%) Hikma Pharmaceuticals GDR % Chg 5.0% 26.8% 5 3,000 283 0.1% ENBD REIT (CEIC) Limited 252 (0.5%) DEPA Limited 222 0.0% 4.3% 78 0.0% (40.3%) (7.7%) Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 0 Oct-16 2,900 Emirates REIT (CEIC) Limited BLME Holdings plc Top Movers and Most Active Stocks Best Return Performers Emirates REIT (CEIC) Limited DP World Trading Indicators Price Daily Value (USD) % Chg (USD) 0.95 0.1% 493,878 22.21 0.0% 1,385,982 Market Return FTSE Nasdaq Dubai UAE 20 Market Cap (USD Mn) Trading Indicators Worst Return Performers ENBD REIT (CEIC) Limited Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 3,524.16 15.88 0.5% 2.9% 7.0% 40,428 7.4 0.0% (2.5%) 5.0% Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 Price Daily Value Volume (Mn Shares) 0.69 0.40 138.6% 1.19 0.46 (USD) % Chg (USD) Value Traded (USD Mn) 1.98 (0.5) (19.0%) 5.53 4.60 1.03 (0.5%) 18.5% 119 90 102,500 No. of Trades 64 10 Market Breadth 2 Most Active Stocks by Volume Price Daily Volume (USD) % Chg ('000 Shrs) Most Active Stocks by Value 1 6 Price Daily Value (USD) % Chg (USD) Emirates REIT (CEIC) Limited 0.95 0.1% 522,622 DP World 22.21 0.0% 1,385,982 ENBD REIT (CEIC) Limited 1.03 (0.5%) 100,000 Emirates REIT (CEIC) Limited 0.95 0.1% 493,878 22.21 0.0% 62,621 ENBD REIT (CEIC) Limited 1.03 (0.5%) 102,500 DP World Source: KAMCO Research 5
6. KAMCO Research Abu Dhabi Securities Exchange Daily Report October 15 , 2017 Sector Returns Index Performance relative to Volume 4,800 900 Market Cap. DTD MTD YTD 800 (AED Mn) % Chg % Chg % Chg (0.8%) 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 2.9% 0.4% 2.9% 4.6% 3,467 0.0% 1.5% (11.0%) (8.4%) Inv. & Financial Services Real Estate 22,463 1.2% 4.0% Energy 9,447 (2.6%) 2.8% 37.6% Consumer Staples 5,052 0.7% (2.2%) (17.2%) (1.0%) 10,716 1.5% (2.6%) 100 Insurance 9,676 0.2% (0.2%) 15.5% 183,344 0.2% 3.7% (5.9%) 8,416 (1.1%) (2.0%) (15.1%) Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 0.3% Industrial 0 Oct-16 464,039 211,456 200 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 Best Return Performers Ras Al Khaimah White Cement Trading Indicators Price Daily Value (AED) % Chg (AED) 1.12 14.3% 22,400 AXA Green Crescent Insurance Co. 0.61 13.0% 120,713 Gulf Cement Co. 1.07 9.2% 377,467 Methaq Takaful Insurance Co. 0.87 6.1% 12,461,028 National Bank of Ras Al-Khaimah 4.95 4.7% 1,536,335 Market Return ADX General Index Value Volume (Mn Shares) (AED) % Chg (AED) Value Traded (AED Mn) National Marine Dredging Co. 3.60 (10.0%) 38,884 Arkan Building Materials Co. 0.69 (5.5%) 1,766,172 Worst Return Performers Abu Dhabi National Co. for Bldg. Materials 0.43 (4.4%) 75,951 International Fish Farming Co. 1.46 (3.3%) 9,573,811 Sudan Telecom. Co. 0.66 (2.9%) 1,809,435 Price Daily Volume (AED) % Chg ('000 Shrs) Dana Gas 0.79 (2.5%) 18,672 Methaq Takaful Insurance Co. 0.87 6.1% 14,256 AL DAR Properties Co. 2.43 1.3% International Fish Farming Co. 1.46 Eshraq Properties Co. 0.78 Most Active Stocks by Volume DTD MTD Chg % Chg % Chg YTD-17 % Chg 10.89 0.2% 2.9% (0.5%) 464,039 1,319 0.3% 2.9% (0.8%) Trading Indicators Daily DTD Value 4,525.88 Market Cap (AED Mn) Price Closing No. of Trades Market Breadth Average Daily Today's DTD DTD Value Chg % Chg 77 (79.3) (50.9%) 113 97.9 130 (154.7) (54.4%) 202 584.7 1,393 (664) (32.3%) 1,441 1,416 11 YTD-17 12 YTD-16 43 Price Daily Value (AED) % Chg (AED) Emirates Telecom. Co. 18.05 0.3% 26,637,302 AL DAR Properties Co. 2.43 1.3% 21,691,544 8,947 Dana Gas 0.79 (2.5%) 14,881,866 (3.3%) 6,323 Methaq Takaful Insurance Co. 0.87 6.1% 12,461,028 0.0% 5,039 Abu Dhabi Commercial Bank 7.41 1.2% 11,330,030 Most Active Stocks by Value Source: KAMCO Research 6
7. KAMCO Research Qatar Exchange Daily Report October 15 , 2017 Index Performance relative to Volume Sector Returns 11,500 50 45 QE 20 Index Value 40 10,500 35 30 10,000 25 Vol. Traded (Mln Shares) 11,000 9,500 20 Market Cap. DTD MTD YTD (QAR Mn) % Chg % Chg % Chg Qatar Exchange 453,819 0.2% (0.2%) (19.4%) Banking & Finance 204,119 0.5% 0.2% (13.6%) Goods & Consumer Services 17,983 0.0% (0.8%) (20.0%) Industrial 117,746 (0.1%) 2.6% (20.7%) Insurance 19,218 1.2% (3.0%) (28.2%) Real Estate 43,173 (0.2%) (7.6%) (30.3%) Telecom 34,060 0.3% 1.0% (16.0%) Transport 17,520 (0.3%) (0.4%) (34.0%) 15 9,000 10 Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector 8,500 5 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 0 Oct-16 8,000 Top Movers and Most Active Stocks Trading Indicators Price Daily Value (QAR) % Chg (QAR) 13.80 6.0% 266,842 QE 20 Index Qatar General Insurance & Reins. Co. 39.49 5.9% 157,987 Market Cap (QAR Mn) Al Khaleej Commercial Bank 11.90 3.3% 207,834 Doha Bank 28.97 3.1% 2,928,760 Qatar Islamic Insurance 52.99 1.9% 2,737,990 Best Return Performers Al Khaleej Takaful Group Market Return Trading Indicators Price Daily Value Volume ('000 Shares) (QAR) % Chg (QAR) Value Traded (QAR Mn) Zad Holding Co. 71.00 (5.3%) 381,565 Qatari Investors Group 33.95 (3.0%) 1,163,625 7.40 (2.6%) 5,572 Islamic Holding Group 39.00 (1.8%) 2,386,875 The Commercial Bank of Qatar 27.94 (1.8%) 3,881,596 Worst Return Performers Qatari German Co. for Medical Devices No. of Trades Market Breadth Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 8,342.09 8.25 0.1% 0.4% (20.1%) 453,819 991 0.2% (0.2%) (19.4%) Average Daily Today's DTD DTD Value Chg % Chg YTD-17 (639) (7.8%) 10,194 41.3% 286 282 (9.2%) 3,453 4,208 7,585 207 2,623 61 (267) 18 21 7,856 6 Price Daily Volume (QAR) % Chg (Shares) Qatar First Bank 6.55 (0.2%) 1,436,454 Qatar National Bank 122.50 0.6% 58.0 Ezdan Holding Group Co. 9.40 0.0% 1,031,259 Qatar Insurance Co. 50.00 0.0% 16.9 Investment Holding Group 7.33 (0.1%) 633,907 Barwa Real Estate Co. 31.48 (0.2%) 10.5 Most Active Stocks by Volume Qatar National Bank Vodafone Qatar Most Active Stocks by Value Price YTD-16 (QAR) Daily Value % Chg (QAR Mn) 122.50 0.6% 476,561 Qatar Islamic Bank 94.80 0.6% 10.3 7.81 (1.0%) 372,745 Masraf Al Rayan 36.20 (0.1%) 9.7 Source: KAMCO Research 7
8. KAMCO Research Bahrain Bourse Daily Report October 15 , 2017 Sector Returns Index Performance relative to Volume 1,500 200 Market Cap. DTD MTD YTD (BHD Mn) % Chg % Chg % Chg 0.0% (0.5%) 0.4% Bahrain All Share Index 1,400 160 140 1,300 120 100 1,200 80 Vol. Traded (Mln. Shares) 180 60 1,100 40 20 7,246 Commercial Banks 3,424 0.2% (1.3%) 1.6% Investment 1,911 (0.1%) (0.7%) (7.1%) Insurance 148 0.0% 0.0% 4.9% Service 859 (0.2%) (0.6%) (14.6%) Hotel & Tourism 148 0.0% 0.0% (14.0%) Industrial 757 0.0% 3.3% 59.7% Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 0 Oct-16 1,000 Bahrain Bourse Top Movers and Most Active Stocks Trading Indicators Price Daily Value (BHD) % Chg (BHD) Arab Banking Corporation. (USD) 0.285 1.8% 47,973 Ahli United Bank (USD) 0.690 0.7% 171,165.5 Best Return Performers Market Return Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg (0.0%) (0.7%) 4.4% 0.0% (0.5%) 0.4% Bahrain All Share Index 1,274.75 (0.15) Market Cap (BHD Mln) 7,246.46 3.12 Trading Indicators Today's Value Volume ('000 Shares) Price Daily Value (BHD) % Chg (BHD) Value Traded (BHD '000) AlKhaleeji Commercial Bank 0.105 (2.8%) 12,443 No. of Trades Worst Return Performers Gulf Finance House (USD) 0.430 (2.3%) 246,245 Seef Properties 0.224 (1.8%) 31,917 Al Salam Bank 0.096 (1.0%) 14,400 DTD DTD Chg % Chg YTD-17 YTD-16 3,096 347 12.6% 4,682 1,992 544 56 11.5% 820 435 70 1 1.4% 76 41 Market Breadth 2 Price Daily Volume (BHD) % Chg (Shares) Gulf Finance House (USD) 0.430 (2.3%) 1,519,000 Ahli United Bank (USD) 0.690 0.7% 658,000 Most Active Stocks by Volume Average Daily 4 35 Price Daily Value (BHD) % Chg (BHD) Gulf Finance House (USD) 0.430 (2.3%) 246,245 Ahli United Bank (USD) 0.690 0.7% 171,166 Most Active Stocks by Value Arab Banking Corporation. (USD) 0.285 1.8% 450,000 Arab Banking Corporation. (USD) 0.285 1.8% 47,973 Al Salam Bank 0.096 (1.0%) 150,000 Seef Properties 0.224 (1.8%) 31,917 Seef Properties 0.224 (1.8%) 142,083 Al Salam Bank 0.096 (1.0%) 14,400 Source: KAMCO Research 8
9. KAMCO Research Muscat Securities Market Daily Report October 15 , 2017 Sector Returns 6,600 200 6,400 180 160 6,200 140 6,000 120 5,800 100 5,600 Vol. Traded (Mln. Shares) MSM 30 Index Value Index Performance relative to Volume 80 Market Cap. DTD MTD YTD (OMR Mn) % Chg % Chg % Chg Muscat Securities Mkt 4,584 0.2% 0.6% (28.7%) Financial 2,226 1.0% (0.3%) (21.3%) 396 0.3% (4.1%) (58.1%) 1,962 (0.8%) 2.7% (26.2%) 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 5,400 60 5,200 40 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 0 Dec-16 4,800 Nov-16 20 Oct-16 5,000 Top Movers and Most Active Stocks Trading Indicators Price Daily Value (OMR) % Chg (OMR) Bank Muscat 0.398 2.1% 86,976,524 Oman Cement Co. 0.418 1.0% 7,539,326 3,839,935 Best Return Performers Al Sharqia Inv. Holding 0.108 0.9% Oman Flour Mills 0.888 0.9% 5,202,814 Al Anwar Holding 0.143 0.7% 26,311,214 Price Daily Value (OMR) % Chg (OMR) Al Jazeera Steel Products Co. 0.260 (2.6%) 6,127,222 Voltamp Energy 0.568 (2.1%) 2,640,885 Oman Telecom Co. 1.330 (1.5%) 70,737,876 Al Madina Takaful 0.100 (1.0%) 36,093,527 Raysut Cement 0.904 (0.9%) 7,202,027 Worst Return Performers Most Active Stocks by Volume Price Daily Volume (OMR) % Chg (Shares) Bank Sohar 0.156 Al Madina Takaful 0.100 Al Madina Investment company 0.060 0.0% Bank Muscat 0.398 Al Anwar Holding 0.143 Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg MSM 30 Index 5,128.48 6.77 0.1% (0.2%) (11.3%) Market Cap (OMR Mn) 4,583.84 7.53 0.2% 0.6% (28.7%) Trading Indicators Average Daily Today's DTD DTD Value Chg % Chg YTD-17 YTD-16 Volume ('000 Shares) 5,321 624 13.3% 10,686 14,529 Value Traded (OMR '000) 1,645 302 22.5% 2,768 3,465 257 15 6.2% 429 726 No. of Trades Market Breadth 5 Most Active Stocks by Value 6 Price (OMR) 34 Daily Volume % Chg (OMR'000) Bank Sohar 0.156 0.0% 96,637.3 Bank Muscat 0.398 2.1% 86,976.5 248,567,571 Oman Telecom Co. 1.330 (1.5%) 70,737.9 2.1% 211,733,583 Ooredoo 0.500 0.0% 61,204.1 0.7% 132,103,125 Al Madina Takaful 0.100 (1.0%) 36,093.5 0.0% 585,673,426 Market Return (1.0%) 338,942,059 Source: KAMCO Research 9
10. KAMCO Research The Egyptian Exchange Daily Report October 15 , 2017 (The bulletin covers the top 60 companies by Mkt. Cap out of 336 listed companies) Index Performance relative to Volume Sector Returns 16,000 500 15,000 450 Market Cap. (EGP Mn) 14,000 400 DTD % Chg MTD % Chg YTD % Chg The Egyptian Exchange 483,003 0.6% 2.3% 25.8% Banking & Finance 139,783 1.0% (1.2%) 12.1% Basic Resources 39,537 (1.5%) 8.6% 87.4% Chemical 29,273 1.7% 7.1% 59.1% Construction & Material 44,525 (0.6%) 4.7% 235.3% Financial Services 29,525 (0.8%) (3.1%) 1.7% Food & Beverage 12,540 0.1% 5.3% 60.9% EGX 30 Index 350 12,000 300 11,000 250 10,000 200 Volume Traded (Mn Shrs) 13,000 9,000 150 8,000 Healthcare & Pharma. 9,947 2.0% 0.8% 43.3% 29,951 3.1% 4.0% 38.6% Media 1,123 (2.0%) 14.1% 77.2% Oil & Gas 1,182 0.3% 15.5% (81.4%) Ind. Goods,Services, Auto. Personal & Household 27,077 1.4% 4.5% 17.3% Real Estate 43,262 (0.5%) 1.7% 8.7% Telecommunication 69,477 1.0% 4.0% 2.2% 5,801 (1.6%) (2.4%) 79.3% 100 7,000 50 6,000 Travel & Leisure 0 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 5,000 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 (EGP) % Chg 1.51 5.6% EGX 30 Index 11.32 5.0% Market Cap (EGP Mn) Oriental Weavers Carpet 18.87 4.6% El Kahera Housing 13.66 4.0% 108.33 3.7% Best Return Performers Extracted Oils Canal Shipping Agencies Co. Elswedy Cables MTD YTD-17 % Chg % Chg % Chg 13,891.71 75.66 0.5% 0.0% 12.5% 483,003 2,667 0.6% 2.3% 25.8% Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 181 (112.12) (38.3%) 167 700 (264.6) (27.4%) 807 404 18,936 (3,962) (17.3%) 17,141 12,329 Daily % Chg Value Traded (EGP Mn) National CementCo. - Egypt 14.94 (5.6%) No. of Trades Suez Cement Co. 27.76 (4.4%) Egyptians Housing Dev. & Reconstruction 3.74 (3.9%) Alexandria Cement 9.29 (2.8%) 145.67 (2.6%) Price Volume Most Active Stocks By Volume DTD Chg Volume (Mn Shares) Price Aluminium Co. of Egypt DTD Value Trading Indicators (EGP) Worst Return Performers Closing Market Return 103 Market Breadth 24 Most Active Stocks By Value (EGP) ('000 Shrs) 31 Price (EGP) Amer Group Holding 0.37 46,512 Global Telecom Hldg. (Orascom Telecom) Citadel Capital 1.36 40,212 Commercial Int'l Bank (Egypt) 5 Daily Value % Chg (EGP Mn) 6.62 0.91% 82.96 77.86 0.95% 79.30 Egyptian Resorts Co. 1.38 20,605 Arab Cotton Ginning 5.85 0.17% 70.04 Global Telecom Hldg. (Orascom Telecom) 6.62 12,528 Citadel Capital 1.36 (2.16%) 54.68 Arab Cotton Ginning 5.85 11,978 Telecom Egypt 13.25 0.99% 28.53 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) Oct-17 6 Sep-17 2,025 Aug-17 9 Jul-17 2,075 Jun-17 12 May-17 2,125 Apr-17 15 Mar-17 2,175 Feb-17 18 Jan-17 2,225 Dec-16 21 Nov-16 2,275 Oct-16 ASE Index Value Index Performance relative to Volume October 15, 2017 DTD % Chg MTD % Chg YTD % Chg 12,466 8,881 108 173 255 22 263 119 100 442 7 526 66 69 17 8 17 57 829 361 0.5% 0.6% (0.5%) 0.5% (0.5%) 0.0% 0.6% 0.0% 0.9% 0.3% (1.5%) 1.3% (0.3%) (1.4%) 1.3% 0.0% 0.0% (0.3%) 0.3% 0.1% (0.4%) (0.1%) (0.2%) 2.5% (2.1%) (4.7%) 0.3% 2.1% 0.4% (1.1%) (2.9%) (2.6%) (0.3%) 2.8% 0.4% 0.0% 0.0% 0.5% (0.5%) (6.3%) (6.4%) (8.2%) (4.0%) 4.1% 5.7% (11.5%) (5.9%) (8.5%) 9.3% (5.9%) (28.3%) (14.0%) (0.7%) (12.2%) (11.8%) 0.0% 27.8% (13.3%) 6.5% 17.0% Engineering & Construction 48 (0.6%) (1.2%) 2.4% Electrical Industries 12 0.0% (0.5%) (20.9%) Textiles , Leathers & Clothings 81 3.1% 2.2% (19.7%) 6 0.0% 0.0% 0.0% YTD-17 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 AL-AMAL FINANCIAL INVESTMENTS CO. 0.60 7.1% ASE Index JORDAN INDUSTRIAL RESOURCES 0.15 7.1% Market Cap (JD Mn) ITTIHAD SCHOOLS 1.23 7.0% UNION TOBACCO & CIGARETTE INDUSTRIES 3.22 4.9% THE JORDAN WORSTED MILLS 3.36 4.3% Best Return Performers Closing DTD DTD MTD Value Chg % Chg % Chg % Chg 2,109.78 6.15 0.3% (0.6%) (2.8%) 12,466.07 63.78 0.5% (0.4%) (6.4%) Market Return Average Daily Today's DTD DTD Value Chg % Chg YTD-17 Trading Indicators Price Daily (JD) % Chg EMMAR INVESTMENTS & REAL ESTATE DEV. 0.21 (4.5%) JORDAN DUBAI PROPERTIES 0.43 (4.4%) JORDAN DAIRY 2.59 (4.4%) REAL ESTATE DEVELOPMENT 0.52 (3.7%) THE JORDAN CEMENT FACTORIES 1.47 (3.3%) Worst Return Performers Most Active Stocks By Volume AD-DULAYL INDUSTRIAL PARK & REAL ESTATE CO. Price Volume (JD) ('000 Shrs) 0.44 712 YTD-16 Volume ('000 Shares) 2,841 1,224 75.7% 3,555 4,381 Value Traded (JD '000) 3,270 734 28.9% 4,848 14,492 No. of Trades 1,791 (522) (22.6%) 9 2,077 21 77 Price Daily Value (JD) % Chg (JD) ARAB BANK $USD 5.54 1.7% 675,710 308,101 Market Breadth Most Active Stocks By Value 21 AL-AMAL FINANCIAL INVESTMENTS CO. 0.60 371 AD-DULAYL INDUSTRIAL PARK & REAL ESTATE CO. 0.44 0.0% UNION INVESTMENT CORPORATION 1.19 241 UNION INVESTMENT CORPORATION 1.19 0.8% 284,985 SPECIALIZED INVESTMENT COMPOUNDS 0.97 156 UNION LAND DEVELOPMENT CORP. 2.41 1.7% 234,247 ARAB BANK $USD 5.54 123 AL-AMAL FINANCIAL INVESTMENTS CO. 0.60 7.1% 217,527 Source: KAMCO Research 11
12. KAMCO Research Tunisia Stock Exchange Daily Report October 15 , 2017 Index Performance relative to Volume Sector Returns 2,000 6,500 Market Cap. DTD MTD YTD (DT Mn) % Chg % Chg % Chg 6,400 1,800 1,600 6,200 Tunisia Index 6,100 1,400 6,000 1,200 5,900 5,800 1,000 5,700 Vol. Traded ('000. Shares) 6,300 800 5,600 Tunis Stock Exchange Banking 18,905 (0.4%) (1.3%) 9.3% 8,754 (0.3%) (1.3%) 15.9% Insurance 627 0.2% (1.1%) (4.2%) Leasing 611 (8.5%) (8.9%) (10.1%) Financial Services 1,726 (0.2%) (1.0%) 12.4% Industrial 1,291 0.3% 0.4% 3.9% 331 (0.2%) (4.1%) (28.3%) Food & Beverage 2,790 (0.3%) (0.3%) 6.7% Retailing 1,393 0.3% (0.6%) (3.0%) Others 1,381 0.5% (1.5%) 23.1% Chemical Industry 5,500 600 5,400 400 5,300 Oct/17 Sep/17 Aug/17 Jul/17 Jun/17 May/17 Apr/17 Mar/17 Feb/17 Jan/17 Dec/16 Nov/16 200 Oct/16 5,200 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 TUNISAIR 0.52 4.0% Tunisia Index L'Accumulateur Tunisien ASSAD 9.27 3.0% Market Cap (DT Mln) Société des Industries Pharm. de Tunisie 7.08 2.9% Société Tunis. d'Entreprises de Télécom. 2.93 2.8% Société Essoukna 3.58 2.3% Best Return Performers Worst Return Performers SOPAT Market Return Trading Indicators Daily (DT) % Chg Value Traded ('000 DT) 0.81 (5.8%) No. of Trades Société Générale Industrielle de Filtration 1.53 (3.2%) 6.58 (2.9%) Electrostar 2.81 (2.8%) Manufacture de Panneaux Bois du Sud 2.52 (2.7%) DTD MTD YTD-17 Chg % Chg % Chg % Chg 6,116.92 (8.34) (0.1%) (1.0%) 11.4% 18,905 (77.96) (0.4%) (1.3%) 9.3% Today's DTD DTD Value Chg % Chg Volume (DT) (Shares) TelNet Holding 5.75 55,245 TelNet Holding Société Moderne de Céramique 1.03 38,201 Poulina Group Holding 8.08 30,878 SOPAT 0.81 Banque de Tunisie 8.01 Average Daily YTD-17 YTD-16 285 50.3 21.4% 384 562 2,124 272 14.7% 2,926 3,958 723 63.0 9.5% 966 1,189 Market Breadth Price Most Active Stocks By Volume DTD Value Volume ('000 Shares) Price Tuninvest – Sicar Closing 18 21 27 Price Daily Value (DT) % Chg (DT '000) 5.75 0.2% 317 Société Frigorifique et Brasserie de Tunis 19.80 (0.3%) 304 Les Placements de Tunisie – SICAF 35.70 0.0% 250 26,219 Union Internationale de Banques 22.80 0.0% 170 18,922 Banque de Tunisie 8.01 (0.4%) 152 Most Active Stocks By Value Source: KAMCO Research 12
13. KAMCO Research Beirut Stock Exchange Daily Report October 15 , 2017 Sector Returns Index Performance relative to Volume 1,250 7,500 1,240 Market Cap. DTD MTD YTD (USD Mn) % Chg % Chg % Chg 11,409 (0.0%) 0.4% (3.9%) 9,755 (0.1%) 0.4% (1.0%) 295 0.0% 4.4% 16.3% 35 0.0% 0.0% 0.0% 1,323 0.5% 0.1% (23.1%) 1,230 6,000 Beirut Stock Exchange 1,210 4,500 1,200 1,190 1,180 3,000 1,170 Vol. Traded ('000. Shares) Blom Stock Index 1,220 Banking 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 1,160 1,500 1,150 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 1,130 Oct-16 1,140 0 Trading Indicators Top Movers and Most Active Stocks Best Return Performers Price Daily (USD) % Chg Market Return Solidere A 8.03 0.6% Blom Stock Index Solidere B 8.00 0.4% Market Cap (USD Mn) 101.10 0.1% Bank Audi Preferred I Trading Indicators Worst Return Performers BLOM Bank Price Daily (USD) % Chg 11.60 (0.4%) Volume ('000s shares) Value Traded ('000s USD) Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 0.0% 0.4% (4.8%) (0.0%) 0.4% (3.9%) 1,154.71 0.01 11,408.60 (3.55) Average Daily Today's DTD DTD Value Chg % Chg 54.78 (16) (22.6%) 328 662 982.66 158 19.1% 2,815 2,878 YTD-17 YTD-16 Market Breadth 3 Most Active Stocks by Volume Solidere A BLOM Bank GDR BLOM Bank Bank Audi Preferred I Solidere B Price Volume (USD) (Shares) Most Active Stocks by Value 1 31 Price Daily Value (USD) % Chg (USD) 8.03 16,209 Bank Audi Preferred I 101.10 0.1% 457,492 12.65 15,658 BLOM Bank GDR 12.65 0.0% 198,074 BLOM Bank 11.60 14,557 11.60 (0.4%) 168,861 101.10 4,525 Solidere A 8.03 0.6% 129,707 8.00 2,835 Solidere B 8.00 0.4% 22,678 Source: KAMCO Research 13
14. KAMCO Research Casablanca Stock Exchange Daily Report October 15 , 2017 (The Bulletin covers the 41 Stocks listed on the Main Market) Index Performance relative to Volume Sector Returns 22000 13,250 13,000 20000 Market Cap. DTD MTD YTD (MAD Mn) % Chg % Chg % Chg 5.5% 12,500 18000 12,250 16000 MASI Index 12,000 11,750 14000 11,500 11,250 12000 Volume Traded ('ooo shares) 12,750 11,000 10000 10,750 Casablanca Stock Exchange 567,482 0.5% 2.6% Banking 216,204 0.8% 3.1% 9.5% 3,416 0.0% (4.6%) 19.0% Beverages Chemicals 1,608 (2.2%) 10.7% 309.8% Construction & Bldg. Material 71,398 (0.2%) 5.4% (8.0%) Distributors 10,913 1.0% 0.0% 2.3% 323 0.0% (24.4%) (2.7%) Electrical & Electronic Equip. Electricity 20,687 2.5% 5.7% 12% Food Producers & Processors 16,959 0.0% 1.5% (6.3%) Holding Companies 2,812 2.4% 3.5% 10.7% 27,610 1.5% 5.2% 15.1% Investment & other Finance 3,973 0.0% (2.2%) 8.6% Leisures & Hotel 2,178 (1.3%) 16.9% 29.0% Insurance 10,500 8000 10,250 10,000 6000 9,750 4000 9,500 9,250 2000 Materials, Software & Computer 1,777 5.0% 5.1% 46.5% Mining 23,325 (1.6%) (3.4%) 47.2% Oil & Gas 11,318 0.6% 1.5% 6.6% Real Estate 25,525 0.2% 5.1% 11.9% (3.0%) 121,051 0.1% 0.4% Transport Telecommunications 1,114 0.0% 3.0% 49.3% Utilities 5,200 3.8% (1.5%) 20.4% 91 0.0% 0.0% 39.4% 9,000 0 Oct/17 Sep/17 Aug/17 Jul/17 Jun/17 May/17 Apr/17 Mar/17 Feb/17 Jan/17 Dec/16 Nov/16 Oct/16 8,750 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-17 Value Chg % Chg % Chg % Chg SAHAM ASSURANCE 1,638.00 9.9% MASI Index 12,484.82 56.83 0.5% 2.8% 7.2% Hightech Payment Systems SA 1,550.00 6.5% MADEX Index 10,189.23 46.03 0.5% 3.2% 6.7% 529.90 6.0% Market Cap (MAD Mn) 567,482 2.86 0.5% 2.6% 5.5% 1,698.00 4.2% 650.00 3.8% Credit Du Maroc Label Vie Lyonnaise des Eaux de Casablanca Trading Indicators Worst Return Performers Societe Metallurgique D'Imiter ENNAKL Automobiles Societe Nationale d'Electrolyse et de Petrochimie Wafa Assurances Risma Most Active Stocks By Volume Compagnie d'Assurances et de Reassurances ATLANTA Price Daily (MAD) % Chg Volume ('000 Shares) 3,500.00 (5.4%) Value Traded (MAD Mn) 52.10 (3.8%) 670.00 (2.2%) 4,899.00 (1.6%) 152.00 (1.3%) Price Volume (MAD) (Shrs) Average Daily Today's DTD DTD Value Chg % Chg (36.1) (8.8%) 968 516 16.27 53.6% 67 70 375.90 46.63 Market Breadth Most Active Stocks By Value 19 YTD-17 11 Price (MAD) YTD-16 11 Daily Value % Chg (MAD Mn) 61.80 149,102 Attijariwafa Bank 477.00 0.4% 14.25 Attijariwafa Bank 477.00 59,710 Societe Nationale d'Electrolyse et de Petrochimie 670.00 (2.2%) 4.95 Itissalat Al-Maghrib 137.70 56,459 Compagnie d'Assurances et de Reassurances ATLANTA 61.80 2.4% 4.71 Douja Prom Addoha 45.19 14,673 Itissalat Al-Maghrib 137.70 0.1% 3.88 529.90 13,010 Credit Du Maroc 529.90 6.0% 3.45 Credit Du Maroc Source: KAMCO Research 14
15. KAMCO Research Damascus Securities Exchange Daily Report October 15 , 2017 Index Performance relative to Volume Sector Returns 3,800 700 Market Cap. DTD MTD MTD (SRY Mn) % Chg % Chg % Chg 371,858 0.6% 7.2% 111.8% 347,438 0.7% 7.6% 120.0% 3,600 600 3,400 Damascus SE 500 DSE TRW Index 3,000 2,800 400 2,600 2,400 300 2,200 2,000 Vol. Traded ('000. Shares) 3,200 200 Banking Services 1,762 0.0% 3.3% 19.3% Industrial 6,750 0.0% (4.1%) (7.6%) Insurance 15,380 (0.8%) 4.5% 83.9% 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 1,800 1,600 100 1,400 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 0 Oct-16 1,200 Trading Indicators Top Movers and Most Active Stocks Closing DTD DTD MTD Value Chg. % Chg. % Chg. % Chg. 21.34 0.6% 7.3% 115.9% 2,130.1 0.6% 7.2% 111.8% Best Return Performers Price (SRY) Daily % Chg Cham Bank 487.73 3.8% DSE Weighted Index 3,491.48 Syria International Islamic Bank 491.12 3.5% Market Cap (SRY Mn) 371,858 Qatar National Bank Syria 411.24 1.3% Market Return Trading Indicators Worst Return Performers Price (SRY) Daily % Chg Al-Aqeelah Takaful Insurance 299.75 (2.0%) Fransabank Syria 413.75 (2.0%) The Int'l Bank For Trade & Finance 401.00 (2.0%) Today's DTD DTD Value Chg. % Chg. YTD-17 Average Daily YTD-17 YTD-16 Volume (Shrs) 63,749 (113,707) (64.1%) 103,633 262 Value Traded ('000 SRY) 27,708 (55,353) (66.6%) 33,329 14,025 84 (79.0) (48.5%) 81 45.6 No. of Trades Market Breadth 3 3 Price (SRY) Volume (Shrs) Most Active Stocks by Value Qatar National Bank Syria 411.24 18,269 Cham Bank 487.73 3.8% 8,732,895 Cham Bank 487.73 17,905 Qatar National Bank Syria 411.24 1.3% 7,512,952 The Int'l Bank For Trade & Finance 401.00 11,959 The Int'l Bank For Trade & Finance 401.00 (2.0%) 4,795,559 Syria International Islamic Bank 491.12 6,475 Syria International Islamic Bank 491.12 3.5% 3,179,981 Al-Aqeelah Takaful Insurance 299.75 2,600 Fransabank Syria 413.75 (2.0%) 868,875 Most Active Stocks by Volume Price (SRY) 18 Daily % Chg Value (SRY) 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. 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