MENA Markets Daily Report - 18 January

Transcription

1. KAMCO Research MENA Markets Daily Report Country January 18 , 2018 Benchmark Index Value DTD Change YTD 2018 FY 2017 MENA Countries Kuwait Price Index ▼ 6,603.30 (0.3%) 3.0% 11.5% Kuwait …………………………………. 2 Kuwait Weighted Index ▼ 418.47 (0.3%) 4.2% 5.6% Saudi Arabia ………………………. 3 Kuwait KSX 15 Index ▼ 966.50 (0.4%) 5.6% 3.4% UAE - Dubai …………………………. 4 Saudi Arabia TADAWUL All Share Index ▲ 7,539.74 0.1% 4.3% 0.2% UAE - Nasdaq Dubai……… 5 UAE - Dubai DFM General Index ▲ 3,542.44 0.5% 5.1% (4.6%) UAE - Abu Dhabi …………………… 6 UAE - Nasdaq Dubai FTSE NASDAQ Dubai UAE 20 Index ▲ 3,481.93 0.5% 1.0% (0.2%) Qatar …………………………………… 7 UAE - Abu Dhabi ADX General Index ▲ 4,634.91 0.4% 5.4% (3.3%) Bahrain ………………………………… 8 Qatar QE 20 Index ▼ 9,158.77 (0.2%) 7.5% (18.3%) Oman …………………………………… 9 Bahrain Bahrain All Share ▲ 1,331.73 0.8% 0.0% 9.1% Egypt …………………………………. 10 Oman MSM 30 Index ▼ 5,031.73 (0.2%) (1.3%) (11.8%) Jordan…………………………… 11 Egypt EGX 30 ▲ 15,198.54 0.7% 1.2% 21.7% Tunisia …………………………………. 12 Jordan ASE Index ▲ 2,144.79 0.1% 0.8% (2.0%) Lebanon ………………………………. 13 Lebanon Blom Stock Index ▲ 1,173.07 0.2% 2.1% (5.3%) Morocco……………………….. 14 Tunisia Tunisia Index ▲ 6,335.45 0.9% 0.9% 14.4% Syria ……………………………… 15 Morocco MASI ▼ 12,928.31 (0.1%) 4.4% 6.4% Syria DSE Weighted Index ▼ 5,916.04 (0.1%) (1.1%) 269.9% 3,458.16 0.4% 4.6% 6.6% In this Report… Emerging Markets China SSE Composite Index ▲ Russia RUSSIAN RTS INDEX ($) ▲ 1,264.70 0.3% 9.6% 0.2% India SENSEX ▲ 35,485.63 1.2% 4.2% 27.9% Brazil BOVESPA Stock Index ▲ 81,189.16 1.7% 6.3% 26.9% Mexico BOLSA Index ▲ 49,732.30 0.5% 0.8% 8.1% Korea KOSPI Index ▼ 2,514.03 (0.1%) 1.9% 21.8% Taiwan TAIEX Index ▲ 11,071.57 0.6% 4.0% 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 ▲ 2,199.93 0.5% 4.6% 20.1% Asia MSCI Asia Pacific ▼ 182.78 (0.0%) 5.2% 28.7% Europe DJ Stoxx 600 ▼ 397.97 (0.1%) 2.3% 7.7% Europe FTSEurofirst 300 ▼ 1,564.68 (0.1%) 2.3% 7.1% Emerging Markets MSCI EM Index ▲ 1,222.62 0.4% 5.5% 34.3% U.S.A S&P 500 ▲ 2,802.56 0.9% 4.8% 19.4% U.S.A DJIA ▲ 26,115.65 1.3% 5.6% 25.1% U.S.A NASDAQ Composite ▲ 7,298.28 1.0% 5.7% 28.2% UK FTSE 100 ▼ 7,725.43 (0.4%) 0.5% 7.6% Germany DAX ▼ 13,183.96 (0.5%) 2.1% 12.5% Japan NIKKEI 225 ▼ 23,829.97 (0.2%) 4.7% 19.1% Hong Kong HANG SENG INDEX ▼ 31,976.36 (0.0%) 6.9% 36.0% Oil OPEC Crude ▼ 67.54 (0.4%) 4.8% 16.6% Oil Brent ▲ 69.39 0.0% 3.8% 14.2% Commodities Oil Kuwait ▼ 66.08 (0.2%) 4.3% 18.8% Natural Gas NYMEX Natural Gas (USD/MMBtu) ▲ 3.23 0.0% 9.5% (20.8%) Gold Gold Spot $/Oz ▲ 1,328.67 0.1% 2.0% 13.5% Source: Bloomberg & KAMCO Research
2. KAMCO Research Boursa Kuwait Daily Report January 18 , 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% ▼ (0.3%) 4.3% 4.3% ▼ (0.7%) 3.2% 3.2% Basic Materials 885.7 ▼ (0.3%) 8.2% 8.2% 3,407.1 ▼ (0.1%) 4.4% 4.4% Consumer Goods 734.6 ▼ (0.5%) (3.1%) (3.1%) Health Care 196.8 ═ 0.0% 0.0% 0.0% Consumer Services 597.4 ▲ 0.1% 1.0% 1.0% 3,137.8 ▼ (0.4%) 10.2% 10.2% 14,552.3 ▼ (0.2%) 4.5% 4.5% 310.2 ▲ 0.3% (11.9%) (11.9%) Real Estate 2,073.4 ▲ 0.3% 3.1% 3.1% Financial Services 2,277.3 ▼ (1.1%) 1.3% 1.3% 23.2 ═ 0.0% 0.9% 0.9% Telecommunications Banks 44 Market Breadth Company Name Market Cap. P/E ROE* (Mn KWD) (X) (%) Benchmark Return Closing Value 14.6 10.6% 2- Kuwait Finance House 3,482.5 19.4 9.7% 3- Zain 2,154.9 13.9 10.6% 4- Ahli United Bank - Bahrain 1,594.9 8.8 17.0% 5- Agility (PWC Logistics) 1,186.4 18.3 6.9% 6- Boubyan Bank 1,037.3 22.8 12.5% 7- Gulf Bank 725.5 15.7 7.8% 8- Mabanee Co. 687.5 14.1 13.2% 9- Burgan Bank 684.3 9.3 10.8% 10- Commercial Bank of Kuwait 658.5 17.6 6.0% 51 DTD MTD YTD Chg % Chg % Chg % Chg (21.2) (0.3%) 3.0% 3.0% Weighted Index 418.47 (1.1) (0.3%) 4.2% 4.2% Kuwait 15 Index 966.50 (4.0) (0.4%) 5.6% 5.6% Market Cap (KWD Mn) 28,405 (73.7) (0.3%) 4.3% 4.3% Index Performance relative to Volume 450 Weighted Index 4,597.9 62 DTD 6,603.30 Price Index 1- National Bank of Kuwait YTD % Chg 209.1 Technology Top 10 Companies by Market Capitalization MTD % Chg 28,405.1 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 16,810 14.66 400 300 10.5% 200 100 0.003 8.1% 0.079 0.006 7.9% KAMCO Investment Co. 0.076 0.005 7.0% Credit Rating & Collection Co. 0.029 0.002 7.0% Close Change Percent (KWD) (KWD) Change 0.028 (0.007) (19.8%) Ras-Al-Khaimah for White Cement Co. 0.073 (0.011) (13.4%) KGL Logistics Co. 0.054 (0.007) (12.0%) Osoul Investment Co. 0.050 (0.006) (10.7%) Kuwait Syrian Holding Co. 0.033 (0.003) (8.1%) Kuwait & M.E. Financial Inv. Co. 0 Market Trading Data and Volatility Trading Indicators Volume (Shrs Mn) Value Traded (KWD Mn) Today's Top % Losers Jan-18 0.039 Arabi Holding Group Co. Dec-17 Boubyan Int'l Industries Holding Co. Nov-17 14.1% Oct-17 0.010 Sep-17 0.080 Aug-17 Change Umm Al-Qaiwain Cement Industries 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 117.7 (23.0) 13.6 4,154 Market Volatility** Average Daily YTD 2018 YTD 2017 (16.4%) 115.3 531.5 (1.1) (7.6%) 14.1 42.5 (681) (14.1%) 3,997 8,782 Volatility Since January: 2017 2016 2015 2014 2013 Price Index 11.2% 9.7% 9.3% 9.6% 10.1% Weighted Index 11.0% 10.9% 10.3% 10.4% 9.9% Close Percent Value (KWD) Change (KWD) **: Annualized Standard Deviation of Daily Returns Close Percent Volume (KWD) Change (Shares) KGL Logistics Co. 0.054 (12.0%) 14,184,375 Gulf Bank 0.238 0.0% 1,894,300 Kuwait & Gulf Link Transport Co. 0.103 (4.6%) 8,006,360 Zain 0.498 (0.6%) 1,492,872 Gulf Bank 0.238 0.0% 7,938,500 Human Soft Holding Co. 3.800 (1.3%) 1,250,909 Ithmaar Bank 0.052 0.6% 7,643,134 Kuwait & Gulf Link Transport Co. 0.103 (4.6%) 847,765 Investors Holding Group Co. 0.018 0.6% 5,815,102 KGL Logistics Co. 0.054 (12.0%) 771,575 Today's Most Active by Volume Today's Most Active by Value Source: Boursa Kuwait, KAMCO Research 2
3. KAMCO Research Saudi Tadawul Daily Report January 18 , 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 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 1,768,638 0.2% 4.5% 4.5% 28,815 (0.4%) 10.1% 10.1% 0.7% 5.1% 5.1% 9,154 (0.1%) 0.3% 0.3% Commercial & Professional Svc 7,836 (0.9%) 0.6% 0.6% 14,057 (0.1%) 3.2% 3.2% 3,254 (0.2%) (0.9%) (0.9%) 13,359 (0.5%) 2.8% 2.8% 5,718 1.9% 12.3% 12.3% 33,346 (0.5%) 3.3% 3.3% 7,212 (1.1%) 0.4% 0.4% Food & Beverages 88,742 0.4% 1.6% 1.6% Health Care Equipment & Svc 28,200 0.5% 4.7% 4.7% 3,761 0.3% 4.4% 4.4% 7.9% Transportation Consumer Durables & Apparel Consumer Services Media Food & Staples Retailing Banks 508,823 0.1% 7.9% Diversified Financials 36,573 (1.7%) 1.9% 1.9% Insurance 40,024 0.5% 1.1% 1.1% 156,778 (1.0%) 2.2% 2.2% 89,475 (0.3%) (0.5%) (0.5%) 3,621 0.6% (2.3%) (2.3%) 110,915 0.5% (0.8%) (0.8%) Telecommunication Services 6,700 MTD % Chg 578,974 Pharma, Biotech & Life Science 6,900 DTD (SAR Mn) Capital Goods Retailing 200 7,100 Market Cap. Utilities REITs Real Estate Mgmt & Dev't 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) Daily Trading Indicators Value Market Return Jazan Development Co. 18.03 7.8% 24,518 Tadawul All Share Index Arabian Shield Cooperative Insurance Co. 41.98 3.2% 25,194 Market Cap (SAR Mn) Al-Rajhi Co. for Cooperative Insurance 63.79 3.0% 13,909 17.76 2.7% 5,144 148.94 2.6% 4,390 Arabia Insurance Cooperative Co. Saudi Industrial Export Co. Worst Return Performers Price Daily Value Trading Indicators % Chg (SAR 000's) Value Traded (SAR Mn) 48.81 (2.2%) 3,888 No. of Trades 9.14 (1.8%) 3,286 Herfy Food Services Co 46.85 (1.7%) 20,015 AXA Cooperative Insurance Co. 23.21 (1.5%) 11,962 Abdullah Al Othaim Markets Co. 124.11 (1.5%) 4,973 Southern Province Cement Co. Most Active Stocks By Volume DTD DTD MTD YTD-18 Value Chg % Chg % Chg % Chg Price Daily Volume (SAR) % Chg ('000 Shrs) 7,539.74 8.18 0.1% 4.3% 4.3% 1,768,638 2,844.1 0.2% 4.5% 4.5% Average Daily Today's DTD DTD Value Chg % Chg YTD-18 160 (22.9) (12.5%) 189 281 3,111 (529.3) (14.5%) 3,563 8,581 86,494 (13,658) (13.6%) 94,216 143,065 Volume (Mn Shares) (SAR) Kingdom Holding Co. Closing % Chg (SAR 000's) YTD-17 Market Breadth 94 Most Active Stocks By Value Dar Al Arkan Real Estate Development Co. 11.09 1.0% 35,449 Dar Al Arkan Real Estate Development Co. Saudi Kayan 11.31 (0.7%) 26,300 Saudi Basic Industries Corp Alinma Bank 20.49 (0.3%) 14,127 Saudi Kayan Emaar The Economic City 14.16 1.4% 5,999 Knowledge Economic City 13.19 2.6% 4,933 78 7 Price Daily Value (SAR) % Chg (SAR Mn) 11.09 1.0% 107.24 1.0% 391.7 371.9 11.31 (0.7%) 300.0 Alinma Bank 20.49 (0.3%) 290.2 Al-Rajhi Bank 69.49 0.4% 145.0 Source: KAMCO Research 3
4. KAMCO Research Dubai Financial Market Daily Report January 18 , 2018 Sector Returns Index Performance relative to Volume 3,800 2,000 3,750 Market Cap. DTD MTD YTD (AED Mn) % Chg % Chg % Chg 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 Insurance Industrial 399,445 0.2% 4.1% 4.1% 169,145 (0.1%) 2.7% 2.7% 7,584 (1.2%) 3.9% 3.9% 23,085 0.1% 3.4% 3.4% 5,576 (0.4%) (0.0%) (0.0%) 3,719 0.0% 0.0% 0.0% 138,209 0.6% 7.8% 7.8% Telecommunication 23,882 0.8% 1.0% 1.0% Transportation 23,504 0.0% 1.5% 1.5% 4,740 1.1% (3.2%) (3.2%) Real Estate & Construction 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 EMAAR MALLS GROUP 2.350 2.2% 9,397,460 Gulf Finance House 1.490 2.1% 57,992,382 Dubai Islamic Ins.& Reins Co.(AMAN) 0.859 1.9% 388,768 Ajman Bank 1.160 1.8% 1,275,077 Takaful House 0.954 1.5% 961 Worst Return Performers Price (AED) Daily Value Traded (AED) % Chg Takaful Emarat 1.870 (6.5%) 33,660 Ekttitab Holding Co. 0.407 (3.1%) 160,934 Al-Madina for Finance & Investment 0.483 (1.8%) 234,164 Gulf Navigation Holding 1.110 (1.8%) 3,348,575 SHUAA Capital 1.160 (1.7%) 2,388,510 Most Active Stocks by Volume (AED) Price Daily Volume (AED) % Chg ('000 Shrs) Market Return DFM General Index Market Cap (AED Mn) Trading Indicators Closing DTD DTD MTD YTD-18 Value Chg % Chg % Chg % Chg 3,542.44 16.85 0.5% 5.1% 5.1% 399,445 821 0.2% 4.1% 4.1% Today's DTD DTD Value Chg % Chg Average Daily YTD-18 YTD-17 Volume (Mn Shares) 274.9 40.5 17.3% 290 Value Traded (AED Mn) 453.6 0.9 0.2% 425 967 No. of Trades 3,922 (367) (8.6%) 4,093 9,304 Market Breadth Most Active Stocks by Value 17 13 907 30 Price Daily Value (AED) % Chg (AED Mn) Union Properties 0.995 0.9% 85,648 Union Properties 0.995 0.9% 85.6 Gulf Finance House 1.490 2.1% 39,685 EMAAR Properties 7.350 0.5% 79.8 DXB Entertainments 0.669 (1.6%) 31,478 Dubai Islamic Bank 6.600 0.8% 58.2 Deyaar Development 0.570 0.2% 19,674 Gulf Finance House 1.490 2.1% 58.0 EMAAR Properties 7.350 0.5% 10,909 DAMAC Properties Dubai 3.500 0.3% 21.2 Source: KAMCO Research 4
5. KAMCO Research as as Nasdaq Dubai Daily Report January 18 , 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 44,512 0.04% 3.3% DP World 21,995 0.0% 6.0% Nasdaq, Inc. 13,565 0.0% 6.0% 6,660 0.0% (8.2%) Orascom Construction Limited 959 (0.1%) (1.3%) Al Baraka Banking Group 453 0.0% 0.0% Emirates REIT (CEIC) Limited 318 (0.5%) 1.4% ENBD REIT (CEIC) Limited 236 (0.5%) (3.0%) DEPA Limited 231 6.1% 22.2% 98 0.0% 0.0% Hikma Pharmaceuticals GDR 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 DEPA Limited DP World Trading Indicators Price Daily Value (USD) % Chg (USD) 0.38 6.1% 52,477 26.50 0.0% 1,937,201 Market Return FTSE Nasdaq Dubai UAE 20 Market Cap (USD Mn) Trading Indicators Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 3,481.93 17.31 0.5% 4.6% 4.6% 44,512 17.8 0.0% 3.3% 3.3% Today's DTD DTD Value Chg % Chg Price Daily Value Volume (Mn Shares) 0.47 0.05 (USD) % Chg (USD) Value Traded (USD Mn) 2.31 (0.4) ENBD REIT (CEIC) Limited 0.96 (0.5%) 119,941 Emirates REIT (CEIC) Limited 1.06 (0.5%) 131,434 Orascom Construction Limited 8.14 (0.1%) 71,572 Worst Return Performers No. of Trades 100 2 Average Daily YTD-17 YTD-16 12.2% 0.68 0.66 (15.5%) 5.65 5.95 2.0% 158 128 Market Breadth 2 Most Active Stocks by Volume Price Daily Volume (USD) % Chg ('000 Shrs) Most Active Stocks by Value 3 4 Price Daily Value (USD) % Chg (USD) DEPA Limited 0.38 6.1% 142,000 DP World 26.50 0.0% 1,937,201 ENBD REIT (CEIC) Limited 0.96 (0.5%) 125,000 Emirates REIT (CEIC) Limited 1.06 (0.5%) 131,434 Emirates REIT (CEIC) Limited 1.06 (0.5%) 124,000 ENBD REIT (CEIC) Limited 0.96 (0.5%) 119,941 26.50 0.0% 73,378 Orascom Construction Limited 8.14 (0.1%) 71,572 8.14 (0.1%) 8,786 DEPA Limited 0.38 6.1% 52,477 DP World Orascom Construction Limited Source: KAMCO Research 5
6. KAMCO Research Abu Dhabi Securities Exchange Daily Report January 18 , 2018 Sector Returns Index Performance relative to Volume 4,800 900 Market Cap. DTD MTD YTD 800 (AED Mn) % Chg % Chg % Chg 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 4.8% 4.8% 0.5% 7.4% 7.4% 3,934 0.5% 6.3% 6.3% Real Estate 21,445 (0.2%) 4.8% 4.8% Energy 41,634 (0.1%) (0.6%) (0.6%) 4,453 (0.8%) (4.0%) (4.0%) Inv. & Financial Services Consumer Staples 11,386 (1.1%) 5.0% 5.0% 100 Insurance 9,669 (0.6%) 2.9% 2.9% 186,500 0.5% 3.5% 3.5% 8,504 (0.5%) (0.7%) (0.7%) Telecommunication Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 0.3% Industrial 0 Jan-17 509,076 221,550 200 4,150 4,100 ADX Banks 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) Abu Dhabi National Co. for Bldg. Materials 0.61 7.0% 153,110 Gulf Pharmaceutical Co. 2.43 3.0% 20,436 Bank Of Sharjah 1.23 2.5% 2,873 Invest Bank 2.54 1.6% 4,044 National Marine Dredging Co. 3.50 1.4% 2,275,538 Best Return Performers Market Return ADX General Index Market Cap (AED Mn) Trading Indicators Price Daily Value Volume (Mn Shares) (AED) % Chg (AED) Value Traded (AED Mn) Abu Dhabi National Takaful Co. 4.64 (9.9%) 13,569,703 Commercial Bank International 0.87 (9.4%) 87 Ras Al Khaimah White Cement 1.00 (9.1%) 30,000 Arkan Building Materials Co. 0.75 (5.1%) 527,249 Gulf Cement Co. 1.03 (4.6%) 97,237 Worst Return Performers Most Active Stocks by Volume Price Daily Volume (AED) % Chg ('000 Shrs) Closing DTD DTD MTD YTD-18 Value Chg % Chg % Chg % Chg 4,634.91 19.50 0.4% 5.4% 5.4% 509,076 1,672 0.3% 4.8% 4.8% Average Daily Today's DTD DTD Value Chg % Chg 49 (3.3) (6.4%) 61 208.4 179 (11.8) (6.2%) 147 584.7 149 12.4% 1,114 2,555 No. of Trades Market Breadth Most Active Stocks by Value 1,350 11 YTD-18 18 YTD-17 37 Price Daily Value (AED) % Chg (AED) 57,935,495 AL DAR Properties Co. 2.28 0.0% 8,733 First Abu Dhabi Bank 11.35 0.9% Eshraq Properties Co. 0.76 (1.3%) 5,323 Emirates Telecom. Co. 17.90 0.6% 23,737,372 First Abu Dhabi Bank 11.35 0.9% 5,132 AL DAR Properties Co. 2.28 0.0% 19,900,977 Union National Bank 3.95 1.0% 3,997 Union National Bank 3.95 1.0% 15,509,152 Ras Al Khaimah Properties 0.83 (1.2%) 3,398 Abu Dhabi National Takaful Co. 4.64 (9.9%) 13,569,703 Source: KAMCO Research 6
7. KAMCO Research Qatar Exchange Daily Report January 18 , 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 502,892 (0.3%) 6.5% 6.5% Banking & Finance 224,315 (0.1%) 5.8% 5.8% 19,324 1.0% 6.1% 6.1% Industrial 127,414 0.1% 9.1% 9.1% Insurance 21,495 (1.6%) 4.5% 4.5% Real Estate 53,042 (2.2%) 4.8% 4.8% Telecom 38,168 0.3% 6.5% 6.5% Transport 19,135 (0.1%) 6.9% 6.9% 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) Medicare Group 84.00 7.0% 33,058,225 QE 20 Index Qatar First Bank 6.86 3.3% 35,961,719 Market Cap (QAR Mn) Widam(Qatar Meat & Livestock Co.) 66.00 2.3% 3,097,791 Mannai Corporation 63.90 1.6% 212,242 Qatar Navigation 58.96 0.8% 738,998 Best Return Performers Worst Return Performers Zad Holding Co. Mazaya Qatar R.E Development Co. Market Return Trading Indicators Price Daily Value Volume ('000 Shares) (QAR) % Chg (QAR) Value Traded (QAR Mn) 73.00 (4.6%) 835,141.20 2,857,826 8.38 (3.7%) Qatar National Cement 61.20 (2.9%) 202,042 Gulf International Services 17.89 (2.9%) 6,625,326 Al Khaleej Commercial Bank 13.03 (2.8%) 580,808 No. of Trades Market Breadth Closing DTD DTD MTD YTD-18 Value Chg % Chg % Chg % Chg 9,158.77 (19.41) (0.2%) 7.5% 7.5% 502,892 (1,335) (0.3%) 6.5% 6.5% Average Daily Today's DTD DTD Value Chg % Chg YTD-18 YTD-17 13,728 4,392 47.1% 12,288 347 100 40.5% 289 272 5,003 2 0.0% 4,714 3,650 12 25 8 Price Daily Volume (QAR) % Chg (Shares) Qatar First Bank 6.86 3.3% 5,246,344 Qatar National Bank 137.00 0.7% 52.3 Investment Holding Group 6.28 0.5% 891,797 Industries Qatar 110.19 0.5% 41.1 Masraf Al Rayan 41.00 (2.7%) 859,765 Qatar First Bank 6.86 3.3% 36.0 Ezdan Holding Group Co. 12.33 (2.8%) 786,565 Masraf Al Rayan 41.00 (2.7%) 35.3 7.83 (0.9%) 533,237 Medicare Group 84.00 7.0% 33.1 Most Active Stocks by Volume Vodafone Qatar Most Active Stocks by Value Price 8,987 (QAR) Daily Value % Chg (QAR Mn) Source: KAMCO Research 7
8. KAMCO Research Bahrain Bourse Daily Report January 18 , 2018 Sector Returns Index Performance relative to Volume 1,500 200 Market Cap. DTD MTD YTD (BHD Mn) % Chg % Chg % Chg 7,666 0.8% 0.2% 0.2% Commercial Banks 3,514 1.5% (0.2%) (0.2%) Investment 2,064 0.0% 0.5% 0.5% Insurance 146 0.0% 0.2% 0.2% Service 860 0.9% 0.1% 0.1% Hotel & Tourism 177 0.0% 0.0% 0.0% Industrial 905 0.0% 0.8% 0.8% 180 160 Vol. Traded (Mln. Shares) Bahrain All Share Index 1,400 140 1,300 120 100 1,200 80 60 1,100 Bahrain Bourse 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) Nass Corporation 0.124 5.1% 23,694 Al Salam Bank 0.124 3.3% 45,526.8 Bahrain Telecommunications Co. 0.204 2.0% 71,256 National Bank of Bahrain 0.630 1.6% 2,520 Ahli United Bank (USD) 0.700 1.4% 47,893 Best Return Performers Worst Return Performers Market Return Price Daily Value % Chg (BHD) DTD DTD MTD YTD-18 Value Chg % Chg % Chg % Chg Bahrain All Share Index 1,331.73 10.32 0.8% 0.0% 0.0% Market Cap (BHD Mln) 7,665.84 59.29 0.8% 0.2% 0.2% Trading Indicators (BHD) Closing Volume ('000 Shares) Value Traded (BHD '000) No. of Trades Today's DTD DTD Value Chg % Chg 3,309 389 85 (113) 79 2 Average Daily YTD-18 YTD-17 2.6% 6,208 6,736 (22.6%) 820 963 2.6% 86 98 Market Breadth 7 Price Daily Volume (BHD) % Chg (Shares) ITHMAR Bank (USD) 0.170 0.0% 1,535,191 Al Salam Bank 0.124 3.3% 371,375 Bahrain Telecommunications Co. 0.204 2.0% 351,000 Gulf Finance House (USD) 0.400 0.0% AlKhaleeji Commercial Bank 0.116 0.9% Most Active Stocks by Volume 0 33 Price Daily Value (BHD) % Chg (BHD) ITHMAR Bank (USD) 0.170 0.0% 98,390 Bahrain Telecommunications Co. 0.204 2.0% 71,256 Ahli United Bank (USD) 0.700 1.4% 47,893 278,289 Al Salam Bank 0.124 3.3% 45,527 227,160 Gulf Finance House (USD) 0.400 0.0% 41,982 Most Active Stocks by Value Source: KAMCO Research 8
9. KAMCO Research Muscat Securities Market Daily Report January 18 , 2018 Index Performance relative to Volume Sector Returns 200 Market Cap. DTD MTD YTD 6,400 180 (OMR Mn) % Chg % Chg % Chg (1.8%) (1.8%) 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 4,402 (0.0%) Financial 2,224 (0.0%) (0.2%) (0.2%) 376 0.0% (0.4%) (0.4%) 1,801 (0.1%) (3.9%) (3.9%) 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 Price Daily Value (OMR) % Chg (OMR) Al Jazeira Services Co. 0.161 2.5% 62,971 Al Madina Takaful 0.098 1.0% 102,204 Best Return Performers Al Anwar Ceramic Tiles Co. 0.123 0.8% 24,669 Oman Investment & Finance Co. 0.130 0.8% 14,987 National Gas Co. 0.302 0.7% 15,449 Market Return Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg MSM 30 Index 5,031.73 (8.13) (0.2%) (1.3%) (1.3%) Market Cap (OMR Mn) 4,401.75 (1.85) (0.0%) (1.8%) (1.8%) Trading Indicators Volume ('000 Shares) Average Daily Today's DTD DTD Value Chg % Chg YTD-17 YTD-16 3,414 959 28.1% 5,237 6,575 Price Daily Value (OMR) % Chg (OMR) Value Traded (OMR '000) 710 212 29.9% 1,006 2,133 Voltamp Energy 0.510 (5.6%) 57,275 No. of Trades 314 49 15.6% 282 502 Al Madina Investment company 0.055 (1.8%) 8,701 Worst Return Performers Al Maha Ceramics 0.285 (1.7%) 1,680 Ooredoo 0.510 (0.8%) 77,271 Oman Cement Co. 0.408 (0.5%) 5,100 Most Active Stocks by Volume Price Daily Volume (OMR) % Chg (Shares) Market Breadth 5 Most Active Stocks by Value 5 Price (OMR) 35 Daily Volume % Chg (OMR'000) Al Madina Takaful 0.098 1.0% 1,046,522 Bank Muscat 0.394 0.0% 203.8 Bank Muscat 0.394 0.0% 517,100 Al Madina Takaful 0.098 1.0% 102.2 Al Anwar Holding 0.152 0.0% 494,761 Ooredoo 0.510 (0.8%) 77.3 Al Jazeira Services Co. 0.161 2.5% 392,100 Al Anwar Holding 0.152 0.0% 75.2 Al Anwar Ceramic Tiles Co. 0.123 0.8% 201,250 Al Jazeira Services Co. 0.161 2.5% 63.0 Source: KAMCO Research 9
10. KAMCO Research The Egyptian Exchange Daily Report January 18 , 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 0.5% 450 400 The Egyptian Exchange 553,254 0.3% 0.5% Banking & Finance 140,497 (1.0%) 1.6% 1.6% Basic Resources 37,728 2.3% (14.5%) (14.5%) Chemical 47,962 1.0% 15.1% 15.1% Construction & Material 44,736 0.7% 0.8% 0.8% Financial Services 29,386 1.1% (2.0%) (2.0%) Food & Beverage 15,463 0.2% 9.9% 9.9% Healthcare & Pharma. 11,476 0.5% (5.5%) (5.5%) Ind. Goods,Services, Auto. 41,831 2.1% 3.5% 3.5% 1,525 3.5% 17.2% 17.2% EGX 30 Index 350 300 13,500 250 200 Volume Traded (Mn Shrs) 14,500 12,500 Media 150 Oil & Gas 7,999 2.7% (33.1%) (33.1%) Personal & Household 56,410 (0.2%) 2.2% 2.2% Real Estate 46,783 1.7% 3.7% 3.7% Telecommunication 63,553 (1.4%) (1.8%) (1.8%) 7,906 1.8% 6.8% 6.8% 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 5.55 5.1% EGX 30 Index 22.35 4.6% Market Cap (EGP Mn) Egyptian Kuwaiti Holding 0.93 4.5% GB AUTO S.A.E 5.50 4.0% 27.55 3.7% Best Return Performers South Valley Cement El Ezz Steel Rebars Sidi Kerir Petrochemicals Daily % Chg Value Traded (EGP Mn) Qatar National Bank AlAhli 44.68 (4.9%) No. of Trades Egyptian Co. for Mobile Services (MobiNil) 38.52 (2.5%) Maridive & Oil Services 0.42 (2.3%) Global Telecom Hldg. (Orascom Telecom) 7.03 (1.4%) 13.37 (1.2%) Price Volume Most Active Stocks By Volume DTD MTD YTD-17 Chg % Chg % Chg % Chg 15,198.54 109.17 0.7% 1.2% 1.2% 553,254 1,629 0.3% 0.5% 0.5% Volume (Mn Shares) Price Telecom Egypt DTD Value Trading Indicators (EGP) Worst Return Performers Closing Market Return Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 174 51.96 42.6% 142 307 1,022 313.9 44.4% 812 1,429 21,739 5,742 35.9% 16,518 24,918 Market Breadth 39 Most Active Stocks By Value (EGP) ('000 Shrs) 14 Price (EGP) 7 Daily Value % Chg (EGP Mn) Amer Group Holding 0.34 35,205 Global Telecom Hldg. (Orascom Telecom) 7.03 (1.40%) 82.53 Egyptian Resorts Co. 1.60 32,363 Pioneers Holding Co. 8.94 3.35% 75.21 Citadel Capital 1.33 14,791 Commercial Int'l Bank (Egypt) 77.97 0.21% 72.78 Global Telecom Hldg. (Orascom Telecom) 7.03 11,747 Egyptian Financial Group-Hermes Hldg Co. 20.98 0.14% 55.72 Pioneers Holding Co. 8.94 8,409 147.65 1.82% 53.39 Elswedy Cables Source: KAMCO Research 10
11. KAMCO Research Amman Stock Exchange Daily Report (1st Market) January 18, 2018 Sector Returns 1,925 0 Vol. Traded (Mln. Shares) 3 Market Cap. (JD Mn) Jan-18 1,975 Dec-17 6 Nov-17 2,025 Oct-17 9 Sep-17 2,075 Aug-17 12 Jul-17 2,125 Jun-17 15 May-17 2,175 Apr-17 18 Mar-17 2,225 Feb-17 21 Jan-17 ASE Index Value Index Performance relative to Volume 2,275 DTD % Chg MTD % Chg YTD % Chg 12,656 8,973 105 164 224 22 254 116 102 459 6 511 70 61 13 8 16 57 1,020 335 0.1% 0.2% (0.1%) 0.3% (0.8%) 0.2% 0.4% 0.8% (2.3%) 0.0% (1.7%) (0.1%) 0.0% (0.8%) 0.8% 0.0% 0.0% (0.3%) 0.1% (1.4%) 0.4% 0.2% (0.3%) 1.5% (2.3%) 3.9% (1.3%) (0.8%) (1.1%) 1.8% 0.0% 3.1% 4.1% (6.8%) (2.8%) 0.0% 0.0% 0.2% 1.3% 1.1% 0.4% 0.2% (0.3%) 1.5% (2.3%) 3.9% (1.3%) (0.8%) (1.1%) 1.8% 0.0% 3.1% 4.1% (6.8%) (2.8%) 0.0% 0.0% 0.2% 1.3% 1.1% Engineering & Construction 47 (0.4%) 0.7% 0.7% Electrical Industries 12 0.0% 0.5% 0.5% Textiles , Leathers & Clothings 76 (0.1%) (3.6%) (3.6%) 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 COMPREHENSIVE MULTIPLE PROJECT CO. 0.51 4.1% ASE Index ARAB INTERNATIONAL HOTELS 1.14 2.7% Market Cap (JD Mn) Best Return Performers TRANSPORT& INVESTMENT BARTER CO. 0.39 2.6% THE JORDAN PIPES MANUFACTURING 0.80 2.6% AL-AMAL FINANCIAL INVESTMENTS CO. 0.53 1.9% Closing DTD DTD MTD YTD-18 Value Chg % Chg % Chg % Chg 2,144.79 2.16 0.1% 0.8% 0.8% 12,655.64 11.92 0.1% 0.4% 0.4% Market Return Average Daily Today's DTD DTD Value Chg % Chg YTD-18 YTD-17 15.3% 1,676 4,100 (10.4%) 2,178 3,861 15.8% 122 2,141 20 82 Price Daily Value (JD) % Chg (JD) 1.22 1.7% 495,619 Trading Indicators Price Daily (JD) % Chg INT'L BROKERAGE & FINANCIAL MARKETS 0.14 (6.7%) JORDAN NATIONAL SHIPPING LINES 1.89 (5.5%) JORDAN PRESS FOUNDATION/AL-RA'I 0.45 (2.2%) ALIA- THE ROYAL JORDANIAN AIRLINES 0.45 (2.2%) NATIONAL ALUMINIUM INDUSTRIAL 0.46 (2.1%) Worst Return Performers Most Active Stocks By Volume Price Volume (JD) ('000 Shrs) Volume ('000 Shares) 2,068 275 Value Traded (JD '000) 2,444 (109) No. of Trades 1,466 200 Market Breadth Most Active Stocks By Value 17 UNION INVESTMENT CORPORATION 1.22 413 UNION INVESTMENT CORPORATION SPECIALIZED INVESTMENT COMPOUNDS 0.80 375 JORDAN PETROLEUM REFINERY 2.70 0.0% 337,244 ARAB EAST INVESTMENT 0.53 216 SPECIALIZED INVESTMENT COMPOUNDS 0.80 0.0% 296,080 COMPREHENSIVE MULTIPLE PROJECT CO. 0.51 167 BANK OF JORDAN 3.08 0.3% 231,734 JORDAN PETROLEUM REFINERY 2.70 124 UNION LAND DEVELOPMENT CORP. 1.86 (2.1%) 217,303 Source: KAMCO Research 11
12. KAMCO Research Tunisia Stock Exchange Daily Report January 18 , 2018 Index Performance relative to Volume Sector Returns 2,000 6,500 6,400 Market Cap. DTD MTD YTD (DT Mn) % Chg % Chg % Chg 19,680 0.6% 1.7% 1.7% 8,863 1.6% 2.5% 2.5% 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 Insurance 558 1.1% (4.0%) (4.0%) Leasing 622 (8.3%) 0.8% 0.8% Financial Services 2,185 (0.7%) 2.6% 2.6% Industrial 1,391 0.8% (0.3%) (0.3%) 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 5,300 353 0.3% (3.8%) (3.8%) Food & Beverage 2,739 0.3% 0.2% 0.2% Retailing 1,453 0.3% 1.0% 1.0% Others 1,514 1.6% 5.1% 5.1% 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 Société Tunisienne de Verreries 5.04 5.9% Tunisia Index Tunisie Profilés Aluminium 3.62 5.2% Market Cap (DT Mln) Universal Auto Distributors Holding 2.38 4.4% City Cars 12.50 4.2% Attijari Bank 41.60 4.0% Best Return Performers Worst Return Performers Banque de Tunisie et des Emirats DTD MTD YTD-18 Chg % Chg % Chg % Chg 6,335.45 54.63 0.9% 0.9% 0.9% 19,680 122.30 0.6% 1.7% 1.7% Today's DTD DTD Value Chg % Chg Volume ('000 Shares) YTD-17 668 72.0 12.1% 532 368 Daily Value Traded ('000 DT) 7,135 2,023 39.6% 4,426 3,148 17.53 (2.9%) No. of Trades 2,102 854.0 68.4% 1,436 876 1.46 (2.7%) (2.6%) Société Immobilière Tuniso-Séoudienne 2.46 (1.6%) SOPAT 0.74 (1.3%) Price Volume (DT) (Shares) 6.75 118,949 Market Breadth 31 15 20 Price Daily Value (DT) % Chg (DT '000) Union Internationale de Banques 23.69 3.0% 1,501 41.60 4.0% 856 6.75 3.8% 794 126.40 1.1% 531 40.76 0.0% 442 Most Active Stocks By Value 23.69 64,149 Attijari Bank Société Moderne de Céramique 1.29 55,457 TelNet Holding Tunisie Profilés Aluminium 3.62 47,634 Banque Internationale Arabe de Tunisie 10.61 41,780 Les Placements de Tunisie – SICAF Poulina Group Holding Average Daily YTD-18 % Chg 2.94 Union Internationale de Banques DTD Value (DT) Société Générale Industrielle de Filtration TelNet Holding Trading Indicators Closing Price Manufacture de Panneaux Bois du Sud Most Active Stocks By Volume Market Return Source: KAMCO Research 12
13. KAMCO Research Beirut Stock Exchange Daily Report January 18 , 2018 Sector Returns Index Performance relative to Volume 1,280 7,500 Market Cap. DTD MTD YTD (USD Mn) % Chg % Chg % Chg 11,619 0.2% 2.2% 2.2% 9,918 0.0% 2.2% 2.2% 330 0.0% 6.5% 6.5% 35 0.0% 0.0% 0.0% 1,335 2.0% 1.2% 1.2% 1,240 4,500 1,160 1,120 3,000 1,080 Beirut Stock Exchange Vol. Traded ('000. Shares) Blom Stock Index 6,000 1,200 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 1,500 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 Market Return Solidere B 8.08 3.5% Blom Stock Index Solidere A 8.10 1.1% Market Cap (USD Mn) 12.01 0.1% BLOM Bank Trading Indicators Worst Return Performers Price Daily (USD) % Chg Volume ('000s shares) Value Traded ('000s USD) Closing DTD DTD MTD YTD-18 Value Chg % Chg % Chg % Chg 1,173.07 2.91 0.2% 2.1% 2.1% 11,619.18 28.70 0.2% 2.2% 2.2% Average Daily Today's DTD DTD Value Chg % Chg 169.78 99 139.8% 172 662 2,263.40 1,439 174.4% 1,473 2,878 YTD-18 YTD-17 Market Breadth 3 Most Active Stocks by Volume Price Volume (USD) (Shares) Most Active Stocks by Value Solidere A 8.10 37,640 Solidere A Solidere B 8.08 22,861 Byblos Bank GDR BLOM Bank 12.01 11,000 Solidere B BLOM Bank GDR 12.85 6,993 BLOM Bank Byblos Bank GDR 77.70 3,541 Bank Audi Preferred H 0 32 Price Daily Value (USD) % Chg (USD) 8.10 1.1% 302,712 77.70 0.0% 275,136 8.08 3.5% 183,942 12.01 0.1% 132,100 100.00 0.0% 100,000 Source: KAMCO Research 13
14. KAMCO Research Casablanca Stock Exchange Daily Report January 18 , 2018 (The Bulletin covers the 41 Stocks listed on the Main Market) Index Performance relative to Volume Sector Returns MASI Index 13,000 20000 12,750 18000 12,500 16000 12,250 14000 12,000 12000 Volume Traded ('ooo shares) 22000 13,250 10000 11,750 8000 11,250 6000 4000 11,000 2000 10,750 0 YTD % Chg % Chg 588,383 (0.2%) 4.8% 4.8% 220,811 (0.5%) 2.5% 2.5% Beverages 3,550 0.0% 6.0% 6.0% Chemicals 1,601 (0.4%) 17.4% 17.4% Construction & Bldg. Material 74,104 1.5% 0.9% 0.9% Distributors 11,002 (0.4%) 3.2% 3.2% 1.5% Electrical & Electronic Equip. 305 4.5% 1.5% Electricity 23,235 (2.5%) 7.1% 7% Food Producers & Processors 17,519 (0.8%) 1.9% 1.9% 10.4% Holding Companies 3,240 2.4% 10.4% 28,126 0.5% 2.1% 2.1% Investment & other Finance 4,041 (0.0%) 1.3% 1.3% Leisures & Hotel 2,120 (1.3%) 2.8% 2.8% Materials, Software & Computer 2,058 (2.6%) 5.6% 5.6% Mining 25,011 (0.3%) 9.5% 9.5% Oil & Gas 12,449 5.2% 6.8% 6.8% Real Estate 22,147 (1.1%) 5.4% 5.4% 130,985 (0.7%) 11.2% 11.2% 993 0.0% (2.4%) (2.4%) Telecommunications Utilities 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 MTD % Chg Casablanca Stock Exchange Transport 10,500 DTD (MAD Mn) Banking Insurance 11,500 Market Cap. Forestry & Paper 5,004 0.1% 0.9% 0.9% 83 (0.2%) (1.6%) (1.6%) 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 Afriquia Gaz Nexans Maroc SAHAM ASSURANCE Delta Holding Lesieur Cristal Trading Indicators Price Daily (MAD) % Chg Market Return Closing DTD DTD MTD YTD-18 Value Chg % Chg % Chg % Chg 4.4% 3,179.00 6.0% MASI Index 12,928.31 (11.35) (0.1%) 4.4% 135.95 4.5% MADEX Index 10,554.02 65.97 0.6% 4.5% 4.5% 1,595.00 2.9% Market Cap (MAD Mn) 588,383 (1.29) (0.2%) 4.8% 4.8% 36.99 2.4% 179.00 2.3% Trading Indicators Today's DTD DTD Value Chg % Chg Average Daily YTD-18 YTD-17 Price Daily (MAD) % Chg Volume ('000 Shares) 421.02 (609.2) (59.1%) 820 516 1,671.00 (3.1%) Value Traded (MAD Mn) 115.24 (153.31) (57.1%) 120 70 Banque Morocaine Due Commerce Et De L'Industries 950.00 (2.6%) TAQA MOROCCO 985.00 (2.5%) 36.00 (2.2%) 300.00 (2.0%) Worst Return Performers Hightech Payment Systems SA Douja Prom Addoha Comp Suc Maroc Et De Raff Most Active Stocks By Volume Price Volume (MAD) (Shrs) Market Breadth Most Active Stocks By Value 12 19 Price (MAD) 10 Daily Value % Chg (MAD Mn) Itissalat Al-Maghrib 149.00 153,381 Attijariwafa Bank 500.00 0.0% 45.38 Attijariwafa Bank 500.00 90,771 Itissalat Al-Maghrib 149.00 (0.7%) 22.95 Douja Prom Addoha 36.00 59,502 Banque Centrale Populaire 297.35 (1.9%) 13.37 Banque Centrale Populaire 297.35 44,916 Banque Morocaine Due Commerce Et De L'Industries 950.00 (2.6%) 11.21 Comp Suc Maroc Et De Raff 300.00 16,688 Comp Suc Maroc Et De Raff 300.00 (2.0%) 5.04 Source: KAMCO Research 14
15. KAMCO Research Damascus Securities Exchange Daily Report January 18 , 2018 Index Performance relative to Volume Sector Returns 700 6,400 Market Cap. DTD MTD MTD (SRY Mn) % Chg % Chg % Chg 622,254 (0.5%) (0.9%) (0.9%) 587,414 (0.5%) (1.2%) (1.2%) 6,100 5,800 600 5,500 Damascus SE 500 DSE TRW Index 4,900 4,600 4,300 400 4,000 3,700 3,400 300 3,100 Vol. Traded ('000. Shares) 5,200 Banking 2,209 0.0% 5.0% 5.0% Industrial Services 10,676 0.0% 2.5% 2.5% Insurance 21,426 0.0% 4.0% 4.0% 528 0.0% 0.0% 0.0% Agricultural 2,800 Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector 200 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 Best Return Performers Price (SRY) Daily % Chg Market Return Worst Return Performers Syria International Islamic Bank Qatar National Bank Syria Daily % Chg 1222.00 (1.9%) 570.77 (1.0%) Qatar National Bank Syria MTD YTD-18 % Chg. % Chg. % Chg. (8.42) (0.1%) (1.1%) (1.1%) Market Cap (SRY Mn) 622,254 (2,949.1) (0.5%) (0.9%) (0.9%) Average Daily Today's DTD DTD Value Chg. % Chg. YTD-18 YTD-17 Volume (Shrs) 36,244 (19,736) (35.3%) 66,726 26,110 Value Traded ('000 SRY) 22,290 (13,751) (38.2%) 50,690 30,562 31 (61.0) (66.3%) 87 106.6 No. of Trades Price (SRY) Volume (Shrs) Most Active Stocks by Value Qatar National Bank Syria 570.77 30,805 1222.00 2,661 Syria International Islamic Bank Syria Gulf Bank 291.78 1,088 The Int'l Bank For Trade & Finance 803.00 1,000 Al-Aqeelah Takaful Insurance 361.25 440 Syria International Islamic Bank DTD Chg. 5,916.04 Market Breadth Most Active Stocks by Volume DTD Value DSE Weighted Index Trading Indicators Price (SRY) Closing 0 2 Price (SRY) 22 Daily % Chg Value (SRY) 570.77 (1.0%) 17,582,614 1,222.00 (1.9%) 3,251,742 The Int'l Bank For Trade & Finance 803.00 0.0% 789,000 Syria Gulf Bank 291.78 0.0% 313,888 Cham Bank 796.36 0.0% 195,750 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