MENA Markets Daily Report - 22 October

Transcription

1. KAMCO Research MENA Markets Daily Report Country October 22 , 2017 Index Value Benchmark DTD Change YTD 2017 FY 2016 MENA Countries Kuwait Price Index ▲ 6,633.07 0.2% 15.4% 2.4% Kuwait …………………………………. 2 Kuwait Weighted Index ▲ 431.52 0.0% 13.5% (0.4%) Saudi Arabia ………………………. 3 Kuwait KSX 15 Index ▼ 1,004.88 (0.3%) 13.5% (1.7%) UAE - Dubai …………………………. 4 Saudi Arabia TADAWUL All Share Index ▲ 7,011.26 1.0% (2.8%) 4.3% UAE - Nasdaq Dubai……… 5 UAE - Dubai DFM General Index ▲ 3,672.77 0.7% 4.0% 12.1% UAE - Abu Dhabi …………………… 6 UAE - Nasdaq Dubai FTSE NASDAQ Dubai UAE 20 Index ▲ 3,515.77 0.3% 6.7% 7.5% Qatar …………………………………… 7 UAE - Abu Dhabi ADX General Index ▲ 4,505.31 0.1% (0.9%) 5.6% Bahrain ………………………………… 8 Qatar QE 20 Index ▲ 8,172.18 0.3% (21.7%) 0.1% Oman …………………………………… 9 Bahrain Bahrain All Share ▲ 1,278.94 0.0% 4.8% 0.4% Egypt …………………………………. 10 Oman MSM 30 Index ▼ 5,066.80 (0.5%) (12.4%) 7.0% Jordan…………………………… 11 Egypt EGX 30 ▲ 13,713.62 0.9% 11.1% 76.2% Tunisia …………………………………. 12 Jordan ASE Index ▲ 2,102.88 0.3% (3.1%) 1.6% Lebanon ………………………………. 13 Lebanon Blom Stock Index ▲ 1,155.46 0.3% (4.7%) 3.7% Morocco……………………….. 14 Tunisia Tunisia Index ▼ 6,078.05 (0.1%) 10.7% 8.9% Syria ……………………………… 15 Morocco MASI ▼ 12,306.90 (0.5%) 5.7% 30.5% Syria DSE Weighted Index ▲ 4,008.56 3.3% 147.8% 31.7% 3,378.65 0.3% 8.9% (12.3%) In this Report… Emerging Markets China SSE Composite Index ▲ Russia RUSSIAN RTS INDEX ($) ▼ 1,134.45 (0.4%) (1.6%) 52.2% India SENSEX ▼ 32,389.96 (0.6%) 21.6% 1.9% Brazil BOVESPA Stock Index ▲ 76,390.52 0.1% 26.8% 38.9% Mexico BOLSA Index ▼ 49,988.71 (0.0%) 9.5% 6.2% Korea KOSPI Index ▲ 2,489.54 0.7% 22.9% 3.3% Taiwan TAIEX Index ▼ 10,728.88 (0.3%) 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 ▲ 2,035.58 0.1% 16.2% 5.3% Asia MSCI Asia Pacific ▼ 166.85 (0.1%) 23.6% 2.3% Europe DJ Stoxx 600 ▲ 390.13 0.3% 7.9% (1.2%) Europe FTSEurofirst 300 ▲ 1,534.32 0.2% 7.4% (0.6%) Emerging Markets MSCI EM Index ▲ 1,119.69 0.2% 29.9% 8.6% U.S.A S&P 500 ▲ 2,575.21 0.5% 15.0% 9.5% U.S.A DJIA ▲ 23,328.63 0.7% 18.0% 13.4% U.S.A NASDAQ Composite ▲ 6,629.05 0.4% 23.1% 7.5% UK FTSE 100 ═ 7,523.23 0.0% 5.3% 14.4% Germany DAX ▲ 12,991.28 0.0% 13.2% 6.9% Japan NIKKEI 225 ▲ 21,457.64 0.0% 12.3% 0.4% Hong Kong HANG SENG INDEX ▲ 28,487.24 1.2% 29.5% 0.4% Oil OPEC Crude ▼ 55.52 (1.1%) 4.2% 67.1% Oil Brent ▲ 57.75 0.9% 1.6% 52.4% Commodities Oil Kuwait ▼ 53.72 (1.8%) 0.7% 85.5% Natural Gas NYMEX Natural Gas (USD/MMBtu) ▲ 2.92 1.5% (19.1%) 30.0% Gold Gold Spot $/Oz ▼ 1,280.47 (0.7%) 11.6% 8.1% Source: Bloomberg & KAMCO Research
2. KAMCO Research Boursa Kuwait Daily Report October 22 , 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% 29,355.9 ▼ (0.0%) 0.0% 12.4% 218.0 ▼ (0.6%) 6.1% (4.8%) 34.4% ▼ (0.4%) (1.6%) ▲ 0.1% (1.8%) 23.5% Consumer Goods 1,129.8 ▲ 0.5% (0.6%) (21.3%) (14.0%) Health Care 196.8 ═ 0.0% (17.1%) Consumer Services 646.7 ▲ 0.9% 0.5% 2.0% 3,225.8 ▲ 0.1% (1.0%) 12.0% 14,779.8 ▼ (0.3%) 1.1% 19.3% 347.4 ▼ (0.5%) 0.8% 7.2% Real Estate 2,205.1 ▲ 0.4% (1.2%) 0.2% Financial Services 2,414.0 ▲ 0.8% 0.7% (1.3%) 26.3 ▲ 4.4% (5.7%) (16.0%) Telecommunications 44 Market Breadth Company Name Market Cap. P/E ROE* (Mn KWD) (X) (%) YTD % Chg 822.9 Technology Top 10 Companies by Market Capitalization MTD % Chg 3,343.3 Insurance Health Care 0.7% DTD % Chg Industrials Banks Consumer Services 2% DTD (KWD Mn) Benchmark Return Closing 6,633.07 68 DTD Chg % Chg % Chg % Chg 14.4 0.2% (0.7%) 15.4% Value Price Index 46 DTD MTD YTD 1- National Bank of Kuwait 4,615.6 14.9 10.7% Weighted Index 431.52 0.1 0.0% 0.2% 13.5% 2- Kuwait Finance House 3,470.9 19.7 9.8% Kuwait 15 Index 1,004.88 (3.5) (0.3%) 0.8% 13.5% 3- Zain 2,198.1 14.0 13.3% 29,356 (1.8) (0.0%) 0.0% 12.4% 4- Ahli United Bank - Bahrain 1,549.7 8.8 16.5% 5- Agility (PWC Logistics) 1,137.1 18.2 6.6% 6- Boubyan Bank 12.5% 16.4 18.7% 8- Gulf Bank 780.3 17.3 7.8% 9- Ahli United Bank - Kuwait 767.1 18.6 10.5% 10- Mabanee Co. 744.7 15.2 13.6% 17,115 15.45 11.3% 1,200 1,100 1,000 420 Volume traded (shr. mil.) 24.0 796.0 Index Performance relative to Volume 450 Weighted Index 1,055.5 7- Kuwait Food Co. (Americana) Market Cap (KWD Mn) 900 800 700 600 390 500 400 Total 360 300 200 100 0.014 9.6% Munshaat Real Estate Projects Co. 0.076 0.005 6.3% Gulf Finance House 0.138 0.007 5.3% KGL Logistics Co. 0.058 0.003 5.3% Today's Top % Losers Close Change Percent (KWD) (KWD) Change Warba Insurance Co. 0.086 (0.010) (10.2%) Shuaiba Industrial Co. 0.260 (0.020) (7.1%) Fujairah Cement Industries Co. 0.072 (0.004) (5.0%) Burgan Co. for Drilling, Tdg. & Maint. 0.077 (0.004) (4.9%) Inovest 0.111 (0.004) (3.5%) Oct-17 0.160 Sep-17 Automated Systems Co. Aug-17 15.0% Jul-17 0.004 Jun-17 0.032 May-17 Change Credit Rating & Collection Co. Apr-17 Percent Mar-17 (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 Today's DTD DTD Value Chg % Chg Average Daily YTD 2017 YTD 2016 Volume (Shrs Mn) 76.8 (9.8) (11.3%) 231.4 Value Traded (KWD Mn) 13.6 (0.4) (3.0%) 25.3 10.6 2,910 (384) (11.7%) 5,139 2,755 No. of Trades Market Volatility** Price Index Weighted Index 116.1 Volatility Since January: 2016 2015 2014 2013 2012 9.3% 8.9% 9.4% 10.0% 9.6% 10.4% 10.0% 10.1% 9.6% 9.3% **: Annualized Standard Deviation of Daily Returns Close Percent Volume (KWD) Change (Shares) Sokouk Holding Co. 0.054 5.1% 7,035,437 Munshaat Real Estate Projects Co. 0.076 6.3% 5,493,200 National Industries Group 0.153 (0.6%) Arab Real Estate Co. 0.039 Kuwait Investment Co. 0.120 Today's Most Active by Volume Close Percent Value (KWD) Change (KWD) Zain 0.508 (0.6%) 2,244,694 Human Soft Holding Co. 3.950 0.0% 1,783,320 5,251,557 National Industries Group 0.153 (0.6%) 805,367 4.6% 5,192,473 National Bank of Kuwait 0.780 (0.5%) 769,904 3.4% 4,894,148 Alimtiaz Investment Group 0.172 1.2% 751,160 Today's Most Active by Value Source: Boursa Kuwait, KAMCO Research 2
3. KAMCO Research Saudi Tadawul Daily Report October 22 , 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 1,649,275 0.8% (4.3%) (2.0%) 23,398 1.9% (2.0%) (10.4%) 522,816 0.5% (4.0%) 2.1% 8,777 0.8% (4.2%) (64.5%) 8,055 1.3% (6.7%) (16.6%) 13,325 0.1% (5.6%) (25.3%) 3,358 1.2% (5.9%) (9.5%) 14,559 0.0% (5.6%) (14.1%) 5,587 (1.0%) (7.9%) 73.5% 34,491 1.1% (3.9%) 21.5% 7,014 0.0% (5.1%) 6.3% Food & Beverages 79,666 0.6% (14.8%) (9.7%) Health Care Equipment & Svc 27,369 (0.2%) (3.6%) (1.1%) 3,604 (0.6%) (8.9%) (26.5%) 448,608 1.6% (3.5%) 4.5% 40,622 0.4% (3.5%) (14.6%) 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 40,935 (0.7%) (4.4%) (3.6%) Telecommunication Services 154,011 (0.0%) (4.1%) (8.8%) Utilities 102,221 2.0% 0.3% 5.9% 3,315 0.2% 20.5% 497.4% 107,545 0.0% (6.2%) (15.4%) YTD-17 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 11.66 5.6% United Electronics Co. 49.06 9.13 Rabigh Refining and Petrochemical Co. Saudi Industrial Development Co. Worst Return Performers Value 27,190 Tadawul All Share Index 5.4% 48,196 Market Cap (SAR Mn) 5.1% 259,700 13.62 3.9% 23,120 9.51 2.9% 11,975 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 Malath Cooperative Insurance & Reins. Co. 15.61 (6.2%) 110,610 17.48 (2.6%) 6,510 SALAMA Cooperative Insurance Company 25.97 (2.6%) 16,695 National Agriculture Development Co. 30.13 (2.5%) 13,679 Printing & Packing Co. 19.09 (2.5%) 10,722 Price Daily Volume (SAR) % Chg ('000 Shrs) 7,011.26 69.48 1.0% (3.7%) (2.8%) 1,649,275 12,940.7 0.8% (4.3%) (2.0%) Average Daily Today's DTD DTD Value Chg % Chg YTD-17 Volume (Mn Shares) (SAR) MetLife AIG ANB Co-op. Insurance Co. Most Active Stocks By Volume Market Return % Chg (SAR 000's) Riyad Bank Saudi Kayan Trading Indicators YTD-16 156 34.4 28.2% 169 281 2,763 255.7 10.2% 3,265 8,581 74,444 3,444 4.9% 168,506 143,065 Market Breadth 97 Most Active Stocks By Value 73 8 Price Daily Value (SAR) % Chg (SAR Mn) Alinma Bank 17.92 0.6% 40,232 Alinma Bank 17.92 0.6% 720.0 Saudi Kayan 9.13 5.1% 28,114 Saudi Basic Industries Corp 98.36 0.2% 263.2 Dar Al Arkan Real Estate Development Co. 6.91 0.4% 23,026 Saudi Kayan 9.13 5.1% 259.7 Malath Cooperative Insurance & Reins. Co. 15.61 (6.2%) 6,785 Dar Al Arkan Real Estate Development Co. 6.91 0.4% 161.2 Saudi Basic Industries Corp 98.36 0.2% 2,679 Al-Rajhi Bank 64.70 1.2% 147.0 Source: KAMCO Research 3
4. KAMCO Research Dubai Financial Market Daily Report October 22 , 2017 Sector Returns Index Performance relative to Volume 3,800 2,000 Market Cap. DTD MTD YTD (AED Mn) % Chg % Chg % Chg 12.5% 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 Investment & Financial 373,826 0.5% 1.2% 151,505 (0.0%) (1.8%) 26.0% 8,639 0.9% 1.5% (37.9%) 0.2% 23,371 1.4% 6.8% Insurance 5,628 (0.1%) 1.5% 6.5% Industrial 3,684 (1.9%) (0.5%) 0.5% Real Estate & Construction 127,382 0.9% 3.8% 12.3% Telecommunication 25,058 0.9% 1.0% (12.8%) Transportation 24,200 0.2% 2.3% 9.7% 4,359 0.0% 3.6% 15.4% 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-2017 Top Movers and Most Active Stocks Daily Value Traded (AED) % Chg Drake and Scull International 2.010 5.8% 189,922,118 Gulf Navigation Holding 1.430 2.9% 20,793,185 Commercial Bank of Dubai 4.000 2.6% 816,261 Union Properties 0.930 2.2% 310,679,334 Al Salam Group Holding 0.735 2.1% 735 Worst Return Performers National Cement Co. Price (AED) Daily Value Traded (AED) % Chg (AED) 2.800 (6.7%) 22,400 474,333 Al Salam Bank - Sudan 1.910 (2.1%) Takaful Emarat 1.900 (1.6%) 123,285 Emirates NBD 8.200 (1.2%) 6,605,423 Dubai Islamic Ins.& Reins Co.(AMAN) 0.933 (0.7%) 3,746,511 Most Active Stocks by Volume 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 3,672.77 27.33 0.7% 3.1% 4.0% 373,826 1,735 0.5% 1.2% 12.5% Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 Volume (Mn Shares) 709.4 421.2 146.1% 339 Value Traded (AED Mn) 919.3 581.9 172.5% 461 474 No. of Trades 6,488 2,731 72.7% 4,423 4,946 Market Breadth Most Active Stocks by Value 24 6 380 30 Price Daily Value (AED) % Chg (AED Mn) Union Properties 0.930 2.2% 341,221 Union Properties 0.930 2.2% Drake and Scull International 2.010 5.8% 94,715 Drake and Scull International 2.010 5.8% 310.7 189.9 Gulf Finance House 1.700 1.8% 71,339 Gulf Finance House 1.700 1.8% 121.2 Deyaar Development 0.540 1.5% 34,086 EMAAR Properties 8.750 0.7% 78.7 Islamic Arab Insurance Co. 0.542 0.2% 32,439 Arabtec Holding P.J.S.C. 2.980 1.0% 25.4 Source: KAMCO Research 4
5. KAMCO Research as as Nasdaq Dubai Daily Report October 22 , 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 40,376 (0.51%) DP World 18,468 (1.1%) Nasdaq, Inc. 12,384 0.0% 10.7% 7,372 0.0% (30.9%) Orascom Construction Limited 860 0.0% 39.3% Al Baraka Banking Group 459 0.0% (15.1%) Emirates REIT (CEIC) Limited 285 0.4% (17.4%) ENBD REIT (CEIC) Limited 250 0.0% (8.1%) DEPA Limited 222 0.0% 4.3% 78 0.0% (40.3%) Hikma Pharmaceuticals GDR % Chg 4.9% 27.1% 5 3,000 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 0 Oct-16 2,900 BLME Holdings plc Top Movers and Most Active Stocks Best Return Performers Emirates REIT (CEIC) Limited Trading Indicators Price Daily Value (USD) % Chg (USD) 0.95 0.4% 548,625 Market Return FTSE Nasdaq Dubai UAE 20 Market Cap (USD Mn) Trading Indicators Worst Return Performers DP World Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 0.3% 2.6% 6.7% (0.5%) (2.6%) 4.9% 3,515.77 40,376 9.55 (206.3) Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 Price Daily Value Volume (Mn Shares) 0.78 0.51 192.8% 1.18 0.47 (USD) % Chg (USD) Value Traded (USD Mn) 5.01 2.3 82.9% 5.53 4.75 22.25 (1.1%) 71 35 97.2% 118 90 4,464,562 No. of Trades Market Breadth 1 Most Active Stocks by Volume Emirates REIT (CEIC) Limited DP World Price Daily Volume (USD) % Chg ('000 Shrs) Most Active Stocks by Value 0.95 0.4% 577,500 DP World 22.25 (1.1%) 198,758 Emirates REIT (CEIC) Limited 1 7 Price Daily Value (USD) % Chg (USD) 22.25 (1.1%) 4,464,562 0.95 0.4% 548,625 Source: KAMCO Research 5
6. KAMCO Research Abu Dhabi Securities Exchange Daily Report October 22 , 2017 Sector Returns Index Performance relative to Volume 4,800 900 Market Cap. DTD MTD YTD 800 (AED Mn) % Chg % Chg % Chg (1.3%) 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 2.4% 2.8% 4.4% 3,506 (0.6%) 2.7% (10.0%) (7.0%) Inv. & Financial Services Real Estate 22,815 (0.1%) 5.6% Energy 9,187 1.5% 0.0% 33.9% Consumer Staples 4,993 (0.9%) (3.3%) (18.2%) (1.3%) 10,688 (0.2%) (2.9%) 100 Insurance 9,700 (0.0%) 0.1% 15.8% 181,159 0.2% 2.5% (7.0%) 8,366 0.0% (2.5%) (15.6%) Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 0.1% (0.1%) Industrial 0 Oct-16 461,508 211,092 200 4,150 4,100 ADX Banks Telecommunication Services Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Top Movers and Most Active Stocks Trading Indicators Price Daily Value (AED) % Chg (AED) 0.76 2.7% 27,034,762 ADX General Index Eshraq Properties Co. 0.80 2.6% 11,526,113 Market Cap (AED Mn) Abu Dhabi National Co. for Bldg. Materials 0.47 2.2% 382,562 Sudan Telecom. Co. 0.65 1.6% 1,337,289 National Bank of Umm Al-Qaiwain 2.94 1.4% 170,661 Best Return Performers Dana Gas Market Return Daily Value Volume (Mn Shares) (AED) % Chg (AED) Value Traded (AED Mn) National Bank of Ras Al-Khaimah 4.80 (3.0%) 3,626,254 Bank Of Sharjah 1.25 (1.6%) 535,886 Union Cement Co. 1.26 (1.6%) 63,000 AGTHIA Group 5.18 (1.3%) 4,106,921 Methaq Takaful Insurance Co. 0.84 (1.2%) 382,696 Worst Return Performers Price Daily Volume (AED) % Chg ('000 Shrs) Dana Gas 0.76 2.7% 35,576 Eshraq Properties Co. 0.80 2.6% 14,506 Ras Al Khaimah Properties 0.72 0.0% 13,185 AL DAR Properties Co. 2.47 (0.4%) Al Khazna Insurance Co. 0.31 0.0% Most Active Stocks by Volume DTD DTD MTD Value Chg % Chg % Chg YTD-17 % Chg 4,505.31 3.26 0.1% 2.5% (0.9%) 461,508 347 0.1% 2.4% (1.3%) Trading Indicators Price Closing No. of Trades Market Breadth Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 93 43.3 86.7% 112 96.9 162 65.0 67.1% 200 584.7 1,100 285 35.0% 1,432 1,407 10 9 47 Price Daily Value (AED) % Chg (AED) Abu Dhabi Commercial Bank 7.40 0.1% 28,663,326 Dana Gas 0.76 2.7% 27,034,762 First Abu Dhabi Bank 10.45 0.0% 25,737,638 6,181 Emirates Telecom. Co. 17.80 0.3% 15,870,885 4,101 AL DAR Properties Co. 2.47 (0.4%) 15,148,575 Most Active Stocks by Value Source: KAMCO Research 6
7. KAMCO Research Qatar Exchange Daily Report October 22 , 2017 Index Performance relative to Volume Sector Returns 11,500 50 Market Cap. DTD MTD YTD (QAR Mn) % Chg % Chg % Chg 45 QE 20 Index Value 40 10,500 35 30 10,000 25 Vol. Traded (Mln Shares) 11,000 9,500 20 Qatar Exchange 446,271 0.6% (1.8%) (20.7%) Banking & Finance 203,073 0.7% (0.4%) (14.1%) 17,835 (0.1%) (1.6%) (20.7%) Industrial 114,155 (0.1%) (0.6%) (23.1%) Insurance 18,376 2.0% (7.3%) (31.4%) Real Estate 41,693 1.6% (10.8%) (32.7%) Telecom 33,780 0.3% 0.2% (16.7%) Transport 17,359 0.7% (1.3%) (34.6%) Goods & Consumer Services 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) Al Ahli Bank of Qatar 31.50 8.5% Gulf Warehousing Co. 43.90 4.5% 40,586 Qatar Insurance Co. 47.00 3.1% 2,354,655 Ezdan Holding Group Co. 9.14 2.9% 1,998,800 Qatar First Bank 6.35 2.8% 28,950,441 Best Return Performers 253,510 Market Return QE 20 Index Market Cap (QAR Mn) Trading Indicators Price Daily Value Volume ('000 Shares) (QAR) % Chg (QAR) Value Traded (QAR Mn) 6.90 (4.0%) 16,453 31.01 (2.9%) 499,020 7.51 (2.5%) 64,602 National Leasing Holding 10.65 (1.4%) 994,788 Islamic Holding Group 37.50 (1.3%) 347,089 Worst Return Performers Qatari German Co. for Medical Devices Qatari Investors Group Qatar Oman Investment Co. Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 8,172.18 28.07 0.3% (1.7%) (21.7%) 446,271 2,461 0.6% (1.8%) (20.7%) Average Daily Today's DTD DTD Value Chg % Chg YTD-17 72.3% 10,097 No. of Trades Market Breadth 8,457 3,548 YTD-16 7,773 145 (5) (3.5%) 282 280 1,866 (338) (15.3%) 3,423 4,167 20 18 Price Daily Volume (QAR) % Chg (Shares) Qatar First Bank 6.35 2.8% 4,562,593 6.35 2.8% 29.0 Investment Holding Group 7.12 1.7% 708,580 Qatar Islamic Bank 94.50 1.4% 28.5 13.31 0.9% 455,270 Industries Qatar 94.00 0.0% 14.1 7.41 (0.4%) 419,128 Qatar Electricity & Water Co. 94.50 1.4% 303,551 Qatar International Islamic Bank Most Active Stocks by Volume United Development Co. Vodafone Qatar Qatar Islamic Bank Most Active Stocks by Value Qatar First Bank Price 7 (QAR) Daily Value % Chg (QAR Mn) 178.00 0.0% 7.7 50.00 0.0% 7.5 Source: KAMCO Research 7
8. KAMCO Research Bahrain Bourse Daily Report October 22 , 2017 Sector Returns Index Performance relative to Volume 1,500 200 Market Cap. DTD MTD YTD (BHD Mn) % Chg % Chg % Chg (0.1%) (0.3%) 0.6% 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 7,261 Commercial Banks 3,410 0.0% (1.7%) 1.2% Investment 1,927 0.5% 0.2% (6.4%) Insurance 148 0.0% 0.0% 4.9% Service 844 (0.9%) (2.3%) (16.1%) Hotel & Tourism 148 0.0% 0.0% (14.0%) Industrial 786 (0.9%) 7.2% 65.7% 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 Best Return Performers Gulf Finance House (USD) Trading Indicators Price Daily Value (BHD) % Chg (BHD) 0.455 3.4% 526,558 Market Return Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 0.0% (0.4%) 4.8% (0.3%) 0.6% Bahrain All Share Index 1,278.94 0.48 Market Cap (BHD Mln) 7,261.49 (4.95) (0.1%) DTD DTD Chg % Chg Trading Indicators Today's Value Worst Return Performers Seef Properties Price Daily Value (BHD) % Chg (BHD) 0.202 (5.6%) 124,721 Al Baraka Banking Group (USD) 0.375 (1.3%) 5,415 BMMI 0.760 (1.3%) 751,515 Aluminum Bahrain 0.535 (0.9%) 381,417 Bahrain Commercial Facilities Co. 0.680 (0.7%) 344,080 YTD-17 YTD-16 Volume ('000 Shares) 6,239 392 6.7% 4,682 1,989 Value Traded (BHD '000) 2,939 1,612 121.4% 835 433 144 27 23.1% 78 41 No. of Trades Market Breadth 1 6 Price Daily Volume (BHD) % Chg (Shares) Gulf Finance House (USD) 0.455 3.4% 2,368,874 Ahli United Bank (USD) 0.680 0.0% 1,657,926 Seef Properties 0.202 (5.6%) 545,617 Gulf Finance House (USD) BMMI 0.760 (1.3%) 494,418 Aluminum Bahrain Arab Banking Corporation. (USD) 0.290 0.0% 407,000 Bahrain Commercial Facilities Co. 0.680 Most Active Stocks by Volume Average Daily 34 Price Daily Value (BHD) % Chg (BHD) BMMI 0.760 (1.3%) 751,515 Ahli United Bank (USD) 0.680 0.0% 684,515 0.455 3.4% 526,558 0.535 (0.9%) 381,417 (0.7%) 344,080 Most Active Stocks by Value Source: KAMCO Research 8
9. KAMCO Research Muscat Securities Market Daily Report October 22 , 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 (0.5%) (29.5%) Muscat Securities Mkt 4,532 (0.8%) Financial 2,187 (0.7%) (2.1%) (22.7%) 398 0.6% (3.6%) (57.8%) 1,947 (1.3%) 1.9% (26.8%) 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 Market Return Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg Price Daily Value (OMR) % Chg (OMR) Al Anwar Ceramic Tiles Co. 0.127 1.6% 12,359,728 MSM 30 Index 5,066.80 (23.35) (0.5%) (1.4%) (12.4%) Ooredoo 0.530 1.5% 63,341,355 Market Cap (OMR Mn) 4,531.61 (37.49) (0.8%) (0.5%) (29.5%) Oman Flour Mills 0.912 1.3% 5,411,378 Oman United Insurance 0.352 1.1% 7,120,528 Al Anwar Holding 0.139 0.7% 26,702,073 Best Return Performers Price Daily Value (OMR) % Chg (OMR) Oman Telecom Co. 1.265 (3.1%) 72,653,311 HSBC Bank Oman 0.111 (2.6%) 5,874,892 Worst Return Performers Al Madina Investment company 0.057 (1.7%) 17,861,240 National Bank of Oman 0.190 (1.0%) 17,206,120 Al Madina Takaful 0.102 (1.0%) 38,308,834 Most Active Stocks by Volume Price Daily Volume (OMR) % Chg (Shares) Trading Indicators Today's DTD DTD Value Chg % Chg 3,646 (3,520) Value Traded (OMR '000) 839 No. of Trades 213 Volume ('000 Shares) Average Daily YTD-17 YTD-16 (49.1%) 10,624 14,445 (1,790) (68.1%) 2,745 3,450 (341) (61.6%) 428 721 Market Breadth 4 Most Active Stocks by Value 8 Price (OMR) 33 Daily Volume % Chg (OMR'000) Bank Sohar 0.157 (0.6%) 587,629,552 Bank Sohar 0.157 (0.6%) 96,943.9 Al Madina Takaful 0.102 (1.0%) 360,157,243 Bank Muscat 0.396 (0.5%) 87,734.8 Al Madina Investment company 0.057 (1.7%) 249,954,260 Oman Telecom Co. 1.265 (3.1%) 72,653.3 Bank Muscat 0.396 (0.5%) 213,647,018 Ooredoo 0.530 1.5% 63,341.4 Al Anwar Holding 0.139 Al Madina Takaful 0.102 (1.0%) 38,308.8 0.7% 134,959,168 Source: KAMCO Research 9
10. KAMCO Research The Egyptian Exchange Daily Report October 22 , 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 27.5% The Egyptian Exchange 489,587 0.1% 3.7% Banking & Finance 134,716 0.7% (4.8%) 8.1% Basic Resources 37,253 (3.3%) 2.3% 76.6% Chemical 0.9% 50.0% 236.0% EGX 30 Index 350 12,000 300 11,000 250 10,000 200 Volume Traded (Mn Shrs) 13,000 9,000 27,600 (2.2%) Construction & Material 44,627 (0.7%) 4.9% Financial Services 29,581 3.0% (3.0%) 1.9% Food & Beverage 12,310 2.4% 3.4% 57.9% 38.3% Healthcare & Pharma. Ind. Goods,Services, Auto. Media 150 8,000 Oil & Gas 9,601 3.4% (2.7%) 30,355 (0.5%) 5.4% 40.5% 1,284 (3.7%) 30.4% 102.7% (83.3%) 1,063 (1.4%) 3.9% Personal & Household 41,248 0.4% 59.2% 78.6% Real Estate 45,411 1.1% 6.7% 14.1% Telecommunication 68,439 (0.1%) 2.4% 0.7% 6,100 (2.2%) 2.7% 88.5% 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 Egyptians Housing Dev. & Reconstruction 4.19 6.6% EGX 30 Index Egyptian Iron & Steel Co. 9.80 6.5% Market Cap (EGP Mn) 17.36 6.4% 5.54 5.7% 13.11 5.6% Best Return Performers Six of October Dev. & Inv. (SODIC) South Valley Cement El Ahli Investment and Development Worst Return Performers El Nasr Clothes & Textiles (Kabo) Aluminium Co. of Egypt Alexandria Spinning & Weaving (SPINALEX) Daily % Chg Value Traded (EGP Mn) 1.36 (8.7%) No. of Trades 123.18 (8.6%) 1.71 (8.6%) (7.9%) National CementCo. - Egypt 14.92 (6.6%) Price Volume Most Active Stocks By Volume DTD MTD YTD-17 Chg % Chg % Chg % Chg 13,713.62 123.47 0.9% (1.3%) 11.1% 489,587 381 0.1% 3.7% 27.5% Volume (Mn Shares) Price 32.40 DTD Value Trading Indicators (EGP) National Bank of Kuwait - Egypt - NBK Closing Market Return Average Daily Today's DTD DTD Value Chg % Chg 244 (46.69) (16.1%) 169 1,058 (361.5) (25.5%) 812 408 25,902 (1,272) (4.7%) 17,308 12,332 YTD-17 YTD-16 103 Market Breadth 27 Most Active Stocks By Value (EGP) ('000 Shrs) 28 Price (EGP) Citadel Capital 1.34 45,567 Six of October Dev. & Inv. (SODIC) Upper Egypt Contracting 0.84 34,162 Pioneers Holding Co. Egyptian Resorts Co. 1.39 33,647 Palm Hills Developments Amer Group Holding 0.36 29,499 Commercial Int'l Bank (Egypt) Palm Hills Developments 3.63 21,749 Citadel Capital 5 Daily Value % Chg (EGP Mn) 17.36 6.37% 143.99 9.00 5.14% 92.55 3.63 1.40% 78.99 76.22 1.13% 66.89 1.34 1.52% 60.93 Source: KAMCO Research 10
11. KAMCO Research Amman Stock Exchange Daily Report (1st Market) October 22, 2017 Sector Returns 1,925 0 Vol. Traded (Mln. Shares) 3 Market Cap. (JD Mn) Oct-17 1,975 Sep-17 6 Aug-17 2,025 Jul-17 9 Jun-17 2,075 May-17 12 Apr-17 2,125 Mar-17 15 Feb-17 2,175 Jan-17 18 Dec-16 2,225 Nov-16 21 Oct-16 ASE Index Value Index Performance relative to Volume 2,275 DTD % Chg MTD % Chg YTD % Chg 12,403 8,837 108 171 263 22 261 119 100 431 7 522 66 69 16 8 17 58 825 356 0.0% (0.1%) 0.0% 0.3% (0.4%) 0.0% 0.0% 2.4% (0.0%) 0.4% 1.5% 2.0% 0.0% 1.5% 2.4% 0.0% 0.0% (0.4%) 0.5% (0.7%) (0.9%) (0.6%) 0.1% 1.1% 1.2% (4.7%) (0.4%) 2.0% 0.9% (3.6%) (2.9%) (3.2%) (0.3%) 2.2% (2.5%) 0.0% 0.0% 1.5% (0.9%) (7.7%) (6.9%) (8.7%) (3.7%) 2.6% 9.3% (11.5%) (6.6%) (8.7%) 9.9% (8.2%) (28.3%) (14.6%) (0.8%) (12.8%) (14.3%) 0.0% 27.8% (12.4%) 6.1% 15.3% Engineering & Construction 48 0.4% (0.0%) 3.6% Electrical Industries 13 1.1% 1.6% (19.3%) Textiles , Leathers & Clothings 78 0.6% (0.5%) (21.8%) 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 INT'L BROKERAGE & FINANCIAL MARKETS 0.15 7.1% ASE Index JORDAN INDUSTRIAL RESOURCES 0.15 7.1% Market Cap (JD Mn) ARAB INTERNATIONAL HOTELS 1.24 6.0% COMPREHENSIVE MULTIPLE PROJECT CO. 0.91 4.6% SPECIALIZED INVESTMENT COMPOUNDS 0.94 4.4% Best Return Performers Closing DTD DTD MTD Value Chg % Chg % Chg % Chg 2,102.88 6.91 0.3% (0.9%) (3.1%) 12,402.62 5.95 0.0% (0.9%) (6.9%) Market Return Today's DTD DTD Value Chg % Chg Average Daily Trading Indicators Price Daily (JD) % Chg ARABIAN STEEL PIPES MANUFACTURING 1.19 (4.8%) UNION LAND DEVELOPMENT CORP. 2.50 (2.7%) TRAVERTINE CO. 0.36 (2.7%) ALIA- THE ROYAL JORDANIAN AIRLINES 0.43 (2.3%) NUTRIDAR 0.87 (2.2%) Worst Return Performers Most Active Stocks By Volume Price Volume (JD) ('000 Shrs) YTD-17 YTD-16 Volume ('000 Shares) 1,864 (365) (16.4%) 3,517 4,338 Value Traded (JD '000) 2,439 (7776) (76.1%) 4,831 14,249 No. of Trades 1,365 (948) (41.0%) 7 2,067 17 75 Price Daily Value (JD) % Chg (JD) 0.94 4.4% 343,939 289,305 Market Breadth Most Active Stocks By Value 27 SPECIALIZED INVESTMENT COMPOUNDS 0.94 374 SPECIALIZED INVESTMENT COMPOUNDS READY MIX CONCRETE & CONSTRUCTION SUPPLIES 1.11 193 ARAB BANK $USD 5.48 (0.4%) ARAB EAST INVESTMENT 0.63 174 READY MIX CONCRETE & CONSTRUCTION SUPPLIES 1.11 2.8% 209,217 UNION INVESTMENT CORPORATION 1.15 123 AL-EQBAL INVESTMENT CO. 26.15 0.5% 176,571 TRANSPORT& INVESTMENT BARTER CO. 0.41 96 2.71 (0.7%) 144,652 UNION TOBACCO & CIGARETTE INDUSTRIES Source: KAMCO Research 11
12. KAMCO Research Tunisia Stock Exchange Daily Report October 22 , 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 18,743 (0.6%) (2.1%) 8.3% 8,665 (0.4%) (2.3%) 14.7% Insurance 616 (1.0%) (2.8%) (5.9%) Leasing 607 (8.3%) (9.5%) (10.6%) Financial Services 1,742 (0.2%) (0.1%) 13.4% Industrial 1,282 (0.7%) (0.3%) 3.1% 328 (1.0%) (5.0%) (29.0%) Banking Chemical Industry 5,500 600 Food & Beverage 2,782 0.3% (0.6%) 6.3% Retailing 1,371 (0.3%) (2.1%) (4.5%) Others 1,349 (0.9%) (3.8%) 20.2% 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 Tuninvest – Sicar 6.41 5.1% Tunisia Index Société Tunisienne d'Equipement 9.24 4.4% Market Cap (DT Mln) Société des Industries Pharm. de Tunisie 7.27 2.7% Société Générale Industrielle de Filtration 1.58 1.3% Electrostar 2.73 1.1% Best Return Performers Market Return Trading Indicators Volume ('000 Shares) Price Daily (DT) % Chg Value Traded ('000 DT) 37.40 (3.0%) No. of Trades City Cars 12.37 (3.0%) Air Liquide Tunisie 91.00 (2.9%) Unimed Laboratories 7.75 (2.9%) CELLCOM 3.07 (2.8%) Worst Return Performers Société Immobilière et de Participation Most Active Stocks By Volume Automobile Reseau Tunisien et Services TelNet Holding Price Volume (DT) (Shares) 6.20 28,887 Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 6,078.05 (4.44) (0.1%) (1.7%) 10.7% 18,743 (118.24) (0.6%) (2.1%) 8.3% Average Daily Today's DTD DTD Value Chg % Chg 195 (130.8) (40.2%) 386 561 1,540 (440) (22.2%) 2,944 3,952 744 (94.0) (11.2%) 961 1,186 Market Breadth Most Active Stocks By Value Société Frigorifique et Brasserie de Tunis 12 YTD-17 25 YTD-16 29 Price Daily Value (DT) % Chg (DT '000) 19.75 0.5% 214 5.68 23,390 Automobile Reseau Tunisien et Services 6.20 0.0% 179 19.75 10,867 TelNet Holding 5.68 (0.9%) 132 SOPAT 0.75 10,822 ENNAKL Automobiles 14.00 0.0% 116 Banque de Tunisie 7.95 9,843 7.95 0.0% 78 Société Frigorifique et Brasserie de Tunis Banque de Tunisie Source: KAMCO Research 12
13. KAMCO Research Beirut Stock Exchange Daily Report October 22 , 2017 Sector Returns Index Performance relative to Volume 1,250 7,500 1,240 Market Cap. DTD MTD YTD (USD Mn) % Chg % Chg % Chg 11,417 0.3% 0.5% (3.8%) 9,770 0.4% 0.5% (0.9%) 290 0.0% 2.6% 14.4% 35 0.0% 0.0% 0.0% 1,321 (0.3%) (0.0%) (23.2%) 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 Byblos Bank Price Daily (USD) % Chg Market Return 1.63 1.9% Blom Stock Index 105.00 1.0% Market Cap (USD Mn) Bank Audi 5.90 0.9% Solidere A 8.01 0.8% Bank Audi Preferred F Trading Indicators Worst Return Performers Solidere B Price Daily (USD) % Chg 8.00 (2.0%) Volume ('000s shares) Value Traded ('000s USD) Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 1,155.46 3.67 0.3% 0.5% (4.7%) 11,416.71 34.05 0.3% 0.5% (3.8%) Average Daily Today's DTD DTD Value Chg % Chg 223.38 153 215.5% 324 662 2,798.98 1,974 239.3% 2,791 2,878 YTD-17 YTD-16 Market Breadth 4 Most Active Stocks by Volume BLOM Bank GDR Solidere A BLOM Bank Byblos Bank Preferred 2009 Solidere B Price Volume (USD) (Shares) 12.50 125,193 8.01 70,933 Solidere A 11.60 15,000 Byblos Bank Preferred 2009 102.00 3,924 BLOM Bank 8.00 3,033 Byblos Bank Preferred 2008 Most Active Stocks by Value BLOM Bank GDR 1 30 Price Daily Value (USD) % Chg (USD) 12.50 0.0% 8.01 0.8% 567,364 102.00 0.0% 400,248 11.60 0.0% 174,000 102.00 0.0% 51,000 1,565,755 Source: KAMCO Research 13
14. KAMCO Research Casablanca Stock Exchange Daily Report October 22 , 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 4.0% 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 559,702 (0.5%) 1.2% Banking 214,289 (0.6%) 2.2% 8.5% 3,604 5.5% 0.6% 25.5% Beverages Chemicals 1,606 1.4% 10.6% 309.2% Construction & Bldg. Material 70,318 0.7% 3.8% (9.4%) Distributors 10,749 (0.3%) (1.5%) 0.8% 337 4.2% (21.2%) 1.4% Electricity 20,522 1.7% 4.8% 12% Food Producers & Processors 16,659 (0.4%) (0.3%) (8.0%) Electrical & Electronic Equip. Holding Companies 2,794 (0.3%) 2.9% 10.0% 26,366 (3.7%) 0.4% 10.0% Investment & other Finance 3,885 (2.7%) (4.4%) 6.2% Leisures & Hotel 2,077 (0.7%) 11.5% 23.1% Insurance 10,500 8000 10,250 10,000 6000 9,750 4000 9,500 9,250 Materials, Software & Computer 1,929 5.2% 14.0% 59.1% Mining 23,458 1.4% (2.8%) 48.1% Oil & Gas 10,981 (3.0%) (1.5%) 3.5% Real Estate 24,837 (0.5%) 2.2% 8.8% 119,381 (0.8%) (0.9%) (4.4%) 46.1% 2000 Telecommunications Transport 1,091 0.2% 0.8% 0 Utilities 4,728 (3.1%) (10.4%) 9.4% 91 0.0% 0.0% 39.4% 9,000 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 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 Disway Trading Indicators Price Daily (MAD) % Chg Market Return Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 403.60 7.6% MASI Index 12,306.90 (61.37) (0.5%) 1.4% 5.7% Les Eaux Minerales d Oulmes 1,820.00 5.5% MADEX Index 10,049.04 (44.40) (0.4%) 1.7% 5.3% Label Vie 1,698.00 4.8% Market Cap (MAD Mn) 559,702 (2.63) (0.5%) 1.2% 4.0% 150.00 4.2% 1,660.00 3.7% Nexans Maroc Hightech Payment Systems SA Trading Indicators Worst Return Performers DTD Chg % Chg Average Daily YTD-17 YTD-16 Price Daily % Chg Volume ('000 Shares) 812.60 358.4 78.9% 954 516 Value Traded (MAD Mn) 152.37 117.36 335.2% 67 70 1,460.00 (9.9%) Credit EQDOM (SOC D'EQUIP DOM ET MN) 1,036.00 (5.8%) ENNAKL Automobiles 50.80 (4.2%) Auto Hall 95.00 (3.5%) 2,752.00 (3.4%) Most Active Stocks By Volume DTD Value (MAD) SAHAM ASSURANCE Afriquia Gaz Today's Price Volume (MAD) (Shrs) Market Breadth Most Active Stocks By Value 14 19 Price (MAD) 8 Daily Value % Chg (MAD Mn) Douja Prom Addoha 42.90 374,093 Med Paper 35.19 0.0% #VALUE! Itissalat Al-Maghrib 135.80 130,492 Salafin 900.00 0.0% #VALUE! Attijariwafa Bank 473.00 59,033 Marocaine de l Industrie du Raffinage 127.80 0.0% #VALUE! Banque Centrale Populaire 304.10 58,692 Attijariwafa Bank 473.00 (0.2%) 27.95 Comp Suc Maroc Et De Raff 292.00 38,596 Banque Centrale Populaire 304.10 (0.6%) 17.90 Source: KAMCO Research 14
15. KAMCO Research Damascus Securities Exchange Daily Report October 22 , 2017 Index Performance relative to Volume Sector Returns 4,000 700 Market Cap. DTD MTD MTD (SRY Mn) % Chg % Chg % Chg 426,355 3.2% 22.9% 142.8% 399,669 3.3% 23.8% 153.1% 21.4% 3,800 3,600 600 Damascus SE 500 DSE TRW Index 3,200 3,000 2,800 400 2,600 2,400 300 2,200 2,000 Vol. Traded ('000. Shares) 3,400 200 Banking Services 1,792 0.0% 5.1% Industrial 7,430 0.7% 5.5% 1.8% Insurance 16,935 2.7% 15.0% 102.5% 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. 127.03 3.3% 23.2% 147.8% 13,410.9 3.2% 22.9% 142.8% Best Return Performers Price (SRY) Daily % Chg Qatar National Bank Syria 503.98 5.0% DSE Weighted Index 4,008.56 Market Cap (SRY Mn) 426,355 Al-Aqeelah Takaful Insurance 368.89 5.0% Bank Al Sharq 259.25 5.0% Syria International Islamic Bank 618.00 4.9% United Insurance Co. 245.00 4.9% Market Return Trading Indicators Worst Return Performers Price (SRY) Daily % Chg Price (SRY) Volume (Shrs) DTD Chg. % Chg. Average Daily YTD-17 YTD-16 218,187 26,716 14.0% 106,003 77 Value Traded ('000 SRY) 114,586 18,623 19.4% 34,886 13,776 (13.0%) 85 44.9 Market Breadth Most Active Stocks by Volume DTD Value Volume (Shrs) No. of Trades No Losers Today's YTD-17 Most Active Stocks by Value 208 (31.0) 13 0 Price (SRY) 11 Daily % Chg Value (SRY) Syria International Islamic Bank 618.00 88,417 Syria International Islamic Bank 618.00 4.9% 54,641,706 Al-Aqeelah Takaful Insurance 368.89 35,352 Qatar National Bank Syria 503.98 5.0% 13,572,663 Qatar National Bank Syria 503.98 26,931 Al-Aqeelah Takaful Insurance 368.89 5.0% 13,041,037 Cham Bank 596.09 21,771 Cham Bank 596.09 4.4% 12,977,378 Syria Gulf Bank 320.58 18,110 Syria Gulf Bank 320.58 4.8% 5,805,660 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