MENA Markets Daily Report - 26 November

Transcription

1. KAMCO Research MENA Markets Daily Report Country November 26 , 2017 Index Value Benchmark DTD Change YTD 2017 FY 2016 MENA Countries Kuwait Price Index ▲ 6,239.37 0.2% 8.5% 2.4% Kuwait …………………………………. 2 Kuwait Weighted Index ▲ 395.99 0.3% 4.2% (0.4%) Saudi Arabia ………………………. 3 Kuwait KSX 15 Index ▲ 906.27 0.3% 2.4% (1.7%) UAE - Dubai …………………………. 4 Saudi Arabia TADAWUL All Share Index ▲ 6,878.21 0.8% (4.6%) 4.3% UAE - Nasdaq Dubai……… 5 UAE - Dubai DFM General Index ▲ 3,460.93 0.5% (2.0%) 12.1% UAE - Abu Dhabi …………………… 6 UAE - Nasdaq Dubai FTSE NASDAQ Dubai UAE 20 Index ▲ 3,312.01 0.3% 0.6% 7.5% Qatar …………………………………… 7 UAE - Abu Dhabi ADX General Index ▲ 4,287.07 0.3% (5.7%) 5.6% Bahrain ………………………………… 8 Qatar QE 20 Index ▼ 7,742.46 (0.7%) (25.8%) 0.1% Oman …………………………………… 9 Bahrain Bahrain All Share ▲ 1,276.58 0.6% 4.6% 0.4% Egypt …………………………………. 10 Oman MSM 30 Index ▲ 5,086.35 0.2% (12.0%) 7.0% Jordan…………………………… 11 Egypt EGX 30 ▲ 14,106.17 1.9% 14.3% 76.2% Tunisia …………………………………. 12 Jordan ASE Index ▼ 2,103.04 (0.1%) (3.1%) 1.6% Lebanon ………………………………. 13 Lebanon Blom Stock Index ▲ 1,108.86 0.8% (8.6%) 3.7% Morocco……………………….. 14 Tunisia Tunisia Index ▲ 6,187.70 0.2% 12.7% 8.9% Syria ……………………………… 15 Morocco MASI ▲ 12,572.29 0.1% 8.0% 30.5% Syria DSE Weighted Index ▲ 4,350.34 1.3% 169.0% 31.7% 3,353.82 0.1% 8.1% (12.3%) In this Report… Emerging Markets China SSE Composite Index ▲ Russia RUSSIAN RTS INDEX ($) ▲ 1,166.09 0.6% 1.2% 52.2% India SENSEX ▲ 33,679.24 0.3% 26.5% 1.9% Brazil BOVESPA Stock Index ▼ 74,157.38 (0.4%) 23.1% 38.9% Mexico BOLSA Index ▼ 47,941.88 (0.4%) 5.0% 6.2% Korea KOSPI Index ▲ 2,544.33 0.3% 25.6% 3.3% Taiwan TAIEX Index ▼ 10,854.09 (0.0%) 17.3% 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 ▲ 2,059.54 0.3% 17.6% 5.3% Asia MSCI Asia Pacific ▲ 173.09 0.1% 28.2% 2.3% Europe DJ Stoxx 600 ▼ 386.63 (0.1%) 7.0% (1.2%) Europe FTSEurofirst 300 ▼ 1,519.87 (0.1%) 6.4% (0.6%) Emerging Markets MSCI EM Index ▲ 1,154.26 0.2% 33.9% 8.6% U.S.A S&P 500 ▲ 2,602.42 0.2% 16.2% 9.5% U.S.A DJIA ▲ 23,557.99 0.1% 19.2% 13.4% U.S.A NASDAQ Composite ▲ 6,889.16 0.3% 28.0% 7.5% UK FTSE 100 ▼ 7,409.64 (0.1%) 3.7% 14.4% Germany DAX ▲ 13,059.84 0.4% 13.8% 6.9% Japan NIKKEI 225 ▲ 22,550.85 0.1% 18.0% 0.4% Hong Kong HANG SENG INDEX ▲ 29,866.32 0.5% 35.8% 0.4% Oil OPEC Crude ▲ 61.14 0.1% 14.7% 67.1% Oil Brent ▲ 63.86 0.5% 12.4% 52.4% Oil Kuwait ▲ 60.12 0.7% 12.7% 85.5% Natural Gas NYMEX Natural Gas (USD/MMBtu) ▼ 2.81 (5.2%) (24.0%) 30.0% Gold Gold Spot $/Oz ▼ 1,288.37 (0.2%) 12.3% 8.1% Commodities Source: Bloomberg & KAMCO Research
2. KAMCO Research Boursa Kuwait Daily Report November 26 , 2017 Sector Weight by Market Cap Real Estate 7% Market Capitalization - Sector Returns Financial Services Technology 8% 0.0% Telecom 11% ▲ 0.3% (5.9%) 2.7% ▼ (1.9%) (6.9%) (16.0%) 29.9% 795.3 ▼ (0.3%) (1.3%) ▲ 0.5% (2.9%) 16.0% Consumer Goods 992.6 ▲ 0.0% (3.8%) (30.8%) Health Care 196.8 ═ 0.0% 0.0% (14.0%) Consumer Services 650.8 ▼ (0.4%) (1.5%) 2.7% 2,838.0 ▼ (0.2%) (5.5%) (1.4%) 13,505.8 ▲ 0.3% (7.0%) 9.0% 310.3 ▲ 0.3% (10.3%) (4.2%) Real Estate 1,985.0 ▲ 0.3% (5.2%) (9.8%) Financial Services 2,209.7 ▲ 1.3% (6.6%) (9.7%) 7.9 ═ 0.0% (69.7%) (74.9%) Telecommunications Banks Insurance Consumer Services 2% Health Care 0.7% Technology Top 10 Companies by Market Capitalization 57 Market Breadth Company Name Market Cap. P/E ROE* (Mn KWD) (X) (%) Benchmark Return Closing Value 13.8 10.7% 2- Kuwait Finance House 3,125.0 17.8 9.8% 3- Zain 1,916.9 12.2 13.3% 4- Ahli United Bank - Bahrain 1,474.5 8.4 16.5% 5- Agility (PWC Logistics) 991.8 15.9 6.6% 6- Boubyan Bank 944.0 21.4 12.5% 7- Gulf Bank 731.6 16.3 7.8% 8- Kuwait Food Co. (Americana) 683.0 14.1 18.7% 9- Mabanee Co. 681.0 13.9 13.6% 10- Commercial Bank of Kuwait 658.5 16.1 6.9% 15,461 13.96 11.1% Total DTD 68 MTD YTD Chg % Chg % Chg % Chg 10.2 0.2% (4.2%) 8.5% Weighted Index 395.99 1.1 0.3% (5.7%) 4.2% Kuwait 15 Index 906.27 2.8 0.3% (6.4%) 2.4% Market Cap (KWD Mn) 26,827 77.7 0.3% (5.9%) 2.7% Index Performance relative to Volume 450 Weighted Index 4,254.6 32 DTD 6,239.37 Price Index 1- National Bank of Kuwait YTD % Chg 3,142.3 Industrials Consumer Goods 4% MTD % Chg 192.2 Basic Materials Industrials 12% DTD % Chg 26,826.6 Oil & Gas Basic Materials 3% DTD (KWD Mn) Boursa Kuwait Oil & Gas 1% Banks 50% Market Cap. 1,200 1,100 1,000 420 900 800 700 600 390 500 400 300 360 200 100 0.020 8.9% 0.061 0.005 8.7% Al Madina For Finance & Investment Co. 0.039 0.002 6.3% Kuwait Portland Cement Co. 0.960 0.050 5.5% Close Change Percent (KWD) (KWD) Change Kuwait Remal Real Estate Co. 0.045 (0.010) (17.5%) Kuwait Real Estate Holding Co. 0.025 (0.005) (16.7%) Future Kid Entertainment and R.E Co. 0.100 (0.010) (9.1%) MENA Real Estate Co. 0.019 (0.002) (7.9%) Independent Petroleum Group 0.380 (0.025) (6.2%) 0 Market Trading Data and Volatility Trading Indicators Volume (Shrs Mn) Value Traded (KWD Mn) Today's Top % Losers Nov-17 0.244 Warba Insurance Co. Oct-17 Egypt Kuwait Holding Co. Sep-17 13.6% Aug-17 0.011 Jul-17 0.092 Jun-17 Change Sharjah Cement Co. May-17 Percent Apr-17 (KWD) Mar-17 Change Feb-17 Close (KWD) Jan-17 330 Dec-16 Top Movers and Most Active Stocks Nov-16 *: ROE is calculated based on TTM 1H-2017 net profit & shareholders' equity as of 30-June-17 Today's Top % Gainers Volume traded (shr. mil.) Insurance 1% No. of Trades DTD DTD Value Chg % Chg YTD 2017 YTD 2016 16.6% 214.3 118.0 (14.1%) 24.2 11.2 4.3% 4,940 2,811 53.5 8.8 2,597 Market Volatility** Price Index Weighted Index Average Daily Today's 7.6 (1.5) 108 Volatility Since January: 2016 2015 2014 2013 2012 9.7% 9.2% 9.6% 10.1% 9.8% 11.1% 10.4% 10.4% 9.9% 9.6% Close Percent Value (KWD) Change (KWD) **: Annualized Standard Deviation of Daily Returns Today's Most Active by Volume Close Percent Volume (KWD) Change (Shares) Today's Most Active by Value Alimtiaz Investment Group 0.165 3.8% 12,860,802 Alimtiaz Investment Group 0.165 3.8% 2,090,886 A'ayan Leasing & Investment Co. 0.037 0.0% 4,825,715 Kuwait Finance House 0.542 0.6% 1,341,013 NOOR Financial Investment Co. 0.057 (2.4%) 2,476,922 National Bank of Kuwait 0.719 0.0% 1,283,994 Kuwait Finance House 0.542 0.6% 2,476,591 Zain 0.443 0.5% 883,018 MENA Real Estate Co. 0.019 (7.9%) 2,010,440 Agility (PWC Logistics) 0.744 0.4% 381,151 Source: Boursa Kuwait, KAMCO Research 2
3. KAMCO Research Saudi Tadawul Daily Report November 26 , 2017 Index Performance relative to Volume Sector Returns 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 300 250 0.5% (0.6%) (2.6%) 22,662 1.3% (4.0%) (13.2%) 528,269 0.5% 0.5% 3.2% 8,111 1.2% (5.8%) (67.2%) 7,320 0.7% (8.5%) (24.2%) 12,837 1.3% (2.3%) (28.0%) 3,100 2.5% (5.9%) (16.4%) 12,051 1.1% (17.0%) (28.9%) 4,540 1.9% (15.7%) 41.0% 31,614 1.9% (3.2%) 11.4% 7,036 0.5% (1.6%) 6.7% Food & Beverages 84,493 1.3% (4.2%) (4.2%) Health Care Equipment & Svc 26,504 1.2% (0.6%) (4.3%) 3,341 1.6% (7.1%) (31.9%) Transportation Consumer Durables & Apparel Consumer Services Media 6,500 1,637,941 Retailing Food & Staples Retailing 6,000 200 Pharma, Biotech & Life Science 150 5,500 100 Banks Diversified Financials Insurance 50 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 0 Nov-16 5,000 454,945 0.3% 3.0% 6.0% 33,465 (0.1%) (19.1%) (29.7%) 38,458 1.3% (8.2%) (9.4%) Telecommunication Services 150,955 (0.6%) 0.2% (10.6%) Utilities 102,421 0.4% (0.8%) 6.1% 2,998 0.2% (6.7%) 440.2% 102,820 1.8% (2.3%) (19.1%) 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 Trading Indicators Value 71.29 9.9% 151,530 Fawaz Abdulaziz Al-Hokair Co. 31.82 6.9% 22,865 Fitaihi Holding Group 12.59 6.0% 17,325 Saudi United Cooperative Insurance Co. 30.35 4.7% 41,246 Al Hassan Ghazi Ibrahim Shaker 10.67 4.4% 12,264 Makkah Construction & Development Co. * Worst Return Performers Price Market Return Daily Value Tadawul All Share Index Market Cap (SAR Mn) Trading Indicators DTD DTD MTD Value Chg % Chg % Chg % Chg % Chg (SAR 000's) Value Traded (SAR Mn) Saudi Arabia Refineries Co * 30.07 (2.1%) 18,412 No. of Trades Alujain Corporation 18.67 (1.9%) 57,978 Middle East Paper Company 19.48 (1.4%) 3,236 National Commercial Bank 50.20 (1.4%) 41,015 Electrical Industrial Company 19.40 (0.7%) 993 Price Daily Volume (SAR) % Chg ('000 Shrs) 6,878.21 55.76 0.8% (0.8%) (4.6%) 1,637,941 8,661.7 0.5% (0.6%) (2.6%) Average Daily Today's DTD DTD Value Chg % Chg YTD-17 Volume (Mn Shares) (SAR) Most Active Stocks By Volume Closing % Chg (SAR 000's) YTD-16 156 23.7 17.9% 170 281 3,029 402.0 15.3% 3,260 8,581 81,156 5,497 7.3% 176,806 143,065 Market Breadth 151 Most Active Stocks By Value 20 8 Price Daily Value (SAR) % Chg (SAR Mn) 17.62 0.7% 544.1 8.27 3.6% 262.3 8.27 3.6% 32,021 Alinma Bank Alinma Bank 17.62 0.7% 31,005 Dar Al Arkan Real Estate Development Co. SABB Takaful 21.93 1.2% 11,479 Al-Rajhi Bank 63.86 1.0% 231.8 Al-Tayyar Travel Group Co. 23.91 1.3% 4,270 Saudi Basic Industries Corp 99.50 0.1% 227.4 Al-Rajhi Bank 63.86 1.0% 3,641 Makkah Construction & Development Co. * 71.29 9.9% 151.5 Dar Al Arkan Real Estate Development Co. Source: KAMCO Research 3
4. KAMCO Research Dubai Financial Market Daily Report November 26 , 2017 Sector Returns Index Performance relative to Volume 3,800 2,000 Market Cap. DTD MTD YTD (AED Mn) % Chg % Chg % Chg 14.0% 3,750 3,650 1,500 Banking 3,600 Consumer Staples 3,550 3,500 3,450 1,000 3,400 3,350 3,300 Vol. Traded (Mln. Shares) DFM General Index Value 3,700 500 Investment & Financial 378,729 0.1% 2.9% 149,277 (0.2%) (0.0%) 24.1% 7,616 3.2% (8.8%) (45.2%) (1.2%) 23,023 (0.8%) (2.5%) Insurance 5,629 (0.0%) 0.0% 6.5% Industrial 3,719 0.0% 0.2% 1.5% Real Estate & Construction 137,210 0.2% 11.0% 20.9% Telecommunication 23,692 1.0% (5.3%) (17.5%) Transportation 24,040 1.3% (1.8%) 8.9% 4,522 0.8% 3.7% 19.7% YTD-17 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 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-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 4.860 4.7% 1,898,356 DXB Entertainments 0.651 4.7% 19,481,851 Al Salam Bank - Sudan 1.850 2.8% 345,396 Amanat Holdings 1.300 1.6% 124,544,176 Emirates Integrated Telecom. (DU) 5.110 1.0% 4,361,731 Aramex Worst Return Performers Price (AED) Daily Value Traded (AED) % Chg (AED) SHUAA Capital 1.150 (2.5%) 1,891,724 Dubai Financial Market 1.140 (1.7%) 6,953,421 Gulf Finance House 1.720 (1.7%) 227,278,124 Drake and Scull International 1.740 (1.7%) 26,582,394 Gulf Navigation Holding 1.400 (1.4%) 4,747,829 Price Daily Volume (AED) % Chg ('000 Shrs) Gulf Finance House 1.720 (1.7%) 130,920 Amanat Holdings 1.300 1.6% 95,865 Most Active Stocks by Volume Market Return DFM General Index Market Cap (AED Mn) Trading Indicators Closing DTD DTD MTD Value Chg % Chg % Chg % Chg 3,460.93 16.00 0.5% (4.8%) (2.0%) 378,729 555 0.1% 2.9% 14.0% Today's DTD DTD Value Chg % Chg Volume (Mn Shares) 375.0 115.6 Value Traded (AED Mn) 622.3 No. of Trades 4,282 Market Breadth Average Daily YTD-17 YTD-16 44.6% 330 405 (138.8) (18.2%) 458 504 (1,532) (26.4%) 4,365 5,086 14 11 35 Price Daily Value (AED) % Chg (AED Mn) Gulf Finance House 1.720 (1.7%) 227.3 Amanat Holdings 1.300 1.6% 124.5 Most Active Stocks by Value DXB Entertainments 0.651 4.7% 29,986 Emaar Development 5.750 (0.3%) 55.8 Union Properties 0.820 0.5% 15,793 EMAAR Properties 7.860 0.8% 43.1 Drake and Scull International 1.740 (1.7%) 14,995 Drake and Scull International 1.740 (1.7%) 26.6 Source: KAMCO Research 4
5. KAMCO Research as as Nasdaq Dubai Daily Report November 26 , 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 41,335 (0.89%) DP World 19,962 (1.8%) Nasdaq, Inc. 12,652 0.0% 13.1% 6,598 0.0% (38.1%) Orascom Construction Limited 851 (0.1%) Al Baraka Banking Group 422 0.0% (21.8%) Emirates REIT (CEIC) Limited 285 1.1% (17.4%) ENBD REIT (CEIC) Limited 250 0.0% (8.1%) DEPA Limited 217 0.0% 2.0% 98 0.0% (25.4%) Hikma Pharmaceuticals GDR % Chg 7.4% 37.4% 38.0% 5 3,000 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 0 Nov-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 1.1% 199,500 Market Return FTSE Nasdaq Dubai UAE 20 Market Cap (USD Mn) Trading Indicators Worst Return Performers DP World Orascom Construction Limited Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 0.3% (5.2%) 0.6% (0.9%) 0.8% 7.4% 3,312.01 41,335 9.30 (371.7) Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 Price Daily Value Volume (Mn Shares) 0.47 0.20 71.6% 1.11 0.55 (USD) % Chg (USD) Value Traded (USD Mn) 6.49 0.7 12.5% 5.41 4.88 24.05 (1.8%) 6,289,903 (51.9%) 117 90 7.23 (0.1%) 5,596 No. of Trades 65 (70) Market Breadth 1 Most Active Stocks by Volume DP World Price Daily Volume (USD) % Chg ('000 Shrs) Most Active Stocks by Value 2 6 Price Daily Value (USD) % Chg (USD) 24.05 (1.8%) 259,802 DP World 24.05 (1.8%) 6,289,903 Emirates REIT (CEIC) Limited 0.95 1.1% 210,000 Emirates REIT (CEIC) Limited 0.95 1.1% 199,500 Orascom Construction Limited 7.23 (0.1%) 774 Orascom Construction Limited 7.23 (0.1%) 5,596 Source: KAMCO Research 5
6. KAMCO Research Abu Dhabi Securities Exchange Daily Report November 26 , 2017 Sector Returns Index Performance relative to Volume 4,800 900 Market Cap. DTD MTD YTD 800 (AED Mn) % Chg % Chg % Chg (6.2%) 4,700 ADX General Index Value 4,650 700 4,600 600 4,550 4,500 500 4,450 400 4,400 4,350 300 Vol. Traded (Mln. Shares) 4,750 4,300 4,250 4,200 (4.6%) 0.4% (2.0%) 1.6% 3,506 1.1% 2.3% (10.0%) (15.6%) Inv. & Financial Services Real Estate 20,706 0.5% (6.2%) Energy 8,549 (0.0%) (5.0%) 24.6% Consumer Staples 4,814 (0.2%) (3.0%) (21.1%) (2.2%) 10,594 (0.2%) (1.2%) 100 Insurance 9,681 (0.0%) 0.4% 15.5% 166,742 0.3% (8.2%) (14.4%) 8,405 (0.2%) (3.8%) (15.2%) Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 0.3% Industrial 0 Nov-16 438,514 205,516 200 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) Ras Al Khaimah Cement Co. 0.67 4.7% 135,202 ADX General Index Sudan Telecom. Co. 0.59 1.7% 259,057 Market Cap (AED Mn) Abu Dhabi National Energy Co. (TAQA) 0.61 1.7% 525,379 Arkan Building Materials Co. 0.66 1.5% 456,532 United Arab Bank 2.00 1.5% 79,261 Best Return Performers Market Return Trading Indicators Closing DTD DTD MTD Value Chg % Chg % Chg YTD-17 % Chg 4,287.07 13.36 0.3% (4.3%) (5.7%) 438,514 1,259 0.3% (4.6%) (6.2%) Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 Price Daily Value Volume (Mn Shares) 52 (20.8) (28.7%) 106 (AED) % Chg (AED) Value Traded (AED Mn) 90 (40.3) (30.8%) 192 584.7 0.93 (6.1%) 9,300 No. of Trades 615 (435) (41.4%) 1,368 1,457 Eshraq Properties Co. 0.73 (2.7%) 7,031,561 Abu Dhabi National Co. for Bldg. Materials 0.42 (2.3%) 72,757 Dana Gas 0.72 (1.4%) 15,325,279 Methaq Takaful Insurance Co. 0.77 (1.3%) 1,295,642 Worst Return Performers Gulf Cement Co. Market Breadth Price Daily Volume (AED) % Chg ('000 Shrs) Dana Gas 0.72 (1.4%) 21,335 Eshraq Properties Co. 0.73 (2.7%) 9,495 Emirates Telecom. Co. Abu Dhabi National Hotels 2.88 (0.7%) 4,421 AGTHIA Group AGTHIA Group 5.00 (0.4%) 2,558 AL DAR Properties Co. 2.23 0.9% 2,373 Most Active Stocks by Volume Most Active Stocks by Value Dana Gas 13 9 103.7 44 Price Daily Value (AED) % Chg (AED) 15,325,279 0.72 (1.4%) 16.15 0.3% 15,255,856 5.00 (0.4%) 12,791,135 Abu Dhabi National Hotels 2.88 (0.7%) 12,732,189 Eshraq Properties Co. 0.73 (2.7%) 7,031,561 Source: KAMCO Research 6
7. KAMCO Research Qatar Exchange Daily Report November 26 , 2017 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 418,061 (0.6%) (5.9%) (25.7%) Banking & Finance 194,665 (0.9%) (3.5%) (17.6%) Goods & Consumer Services 15,455 1.7% (9.3%) (31.3%) Industrial 109,755 0.4% (4.4%) (26.1%) Insurance 16,559 (2.3%) (6.3%) (38.1%) Real Estate 34,615 (0.1%) (18.6%) (44.1%) Telecom 32,142 (2.6%) (3.9%) (20.7%) Transport 14,870 0.3% (12.1%) (44.0%) 15 8,000 10 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 0 Jan-17 7,000 Dec-16 5 Nov-16 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) 30.85 10.0% 3,085 Medicare Group 50.00 8.4% 3,043,061 Islamic Holding Group 28.50 7.1% 886,100 Mesaieed Petrochemical Holding Co. 12.68 6.7% 10,902,166 Qatari Investors Group 25.00 5.5% 6,363,797 Best Return Performers Al Ahli Bank of Qatar Market Return QE 20 Index Market Cap (QAR Mn) Trading Indicators Price Daily Value Volume ('000 Shares) (QAR) % Chg (QAR) Value Traded (QAR Mn) 42.21 (3.8%) Al Khaleej Commercial Bank 11.91 (3.5%) 616,007 Ooredoo 83.40 (2.9%) 4,943,439 Qatar Industrial Manufacturing Co. 37.50 (2.5%) 126,773 Qatar Insurance Co. 39.50 (2.4%) 3,227,231 Worst Return Performers Qatar Islamic Insurance 2,279.34 No. of Trades Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 7,742.46 (55.93) (0.7%) (5.2%) (25.8%) 418,061 (2,403) (0.6%) (5.9%) (25.7%) Average Daily Today's DTD DTD Value Chg % Chg YTD-17 YTD-16 14.3% 9,687 7,720 (6.2%) 268 277 0.5% 3,314 4,063 9,091 160 1,138 (11) 3,209 Market Breadth 15 21 19 Price Daily Volume (QAR) % Chg (Shares) Investment Holding Group 5.18 (0.2%) 1,242,856 Qatar National Bank 117.22 (1.8%) 19.3 Qatar First Bank 5.08 2.0% 911,850 Qatar Electricity & Water Co. 166.80 (1.8%) 12.1 Mesaieed Petrochemical Holding Co. 12.68 6.7% 864,878 Mesaieed Petrochemical Holding Co. 12.68 6.7% 10.9 United Development Co. 12.90 0.0% 794,052 United Development Co. 12.90 0.0% 10.2 Ezdan Holding Group Co. 6.95 0.1% 704,554 Barwa Real Estate Co. 27.84 (0.5%) 9.6 Most Active Stocks by Volume Most Active Stocks by Value Price 5 (QAR) Daily Value % Chg (QAR Mn) Source: KAMCO Research 7
8. KAMCO Research Bahrain Bourse Daily Report November 26 , 2017 Sector Returns Index Performance relative to Volume 1,500 200 Market Cap. DTD MTD YTD (BHD Mn) % Chg % Chg % Chg 0.5% (0.1%) 0.4% Bahrain All Share Index 1,400 160 140 1,300 120 100 1,200 80 Vol. Traded (Mln. Shares) 180 60 1,100 40 20 7,249 Commercial Banks 3,320 0.5% (2.2%) (1.5%) Investment 1,896 0.8% (0.7%) (7.9%) Insurance 145 0.0% (1.3%) 3.0% Service 844 0.3% (0.1%) (16.0%) Hotel & Tourism 145 3.5% (2.0%) (15.7%) Industrial 898 0.0% 10.4% 89.5% Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Dec-16 Jan-17 0 Nov-16 1,000 Bahrain Bourse Top Movers and Most Active Stocks Trading Indicators Price Daily Value (BHD) % Chg (BHD) Gulf Hotels Group 0.498 6.0% 1,500 ITHMAR Bank (USD) 0.100 5.3% 5,278.0 Nass Corporation 0.133 2.3% 30,631 Arab Banking Corporation. (USD) 0.295 1.7% 77,294 Ahli United Bank (USD) 0.660 1.5% 12,441 Best Return Performers Market Return Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg Bahrain All Share Index 1,276.58 7.52 0.6% (0.0%) 4.6% Market Cap (BHD Mln) 7,248.73 38.93 0.5% (0.1%) 0.4% Trading Indicators Today's Value Volume ('000 Shares) DTD DTD Chg Average Daily % Chg YTD-17 YTD-16 6,963 1,307 23.1% 4,525 2,025 Price Daily Value (BHD) % Chg (BHD) Value Traded (BHD '000) 917 91 11.0% 811 438 0.090 (6.3%) 1,565 No. of Trades 101 (2) (1.9%) 79 41 AlKhaleeji Commercial Bank 0.100 (4.8%) 8,837 Al Salam Bank 0.095 (1.0%) 314,735 Bank of Bahrain and Kuwait 0.410 (1.0%) 5,222 Seef Properties 0.210 (0.9%) Worst Return Performers Zain Bahrain B.S.C Most Active Stocks by Volume Market Breadth 9 Price Daily Volume (BHD) % Chg (Shares) Most Active Stocks by Value 5 27 Price Daily Value (BHD) % Chg (BHD) Al Salam Bank 0.095 (1.0%) 3,293,400 Al Salam Bank 0.095 (1.0%) 314,735 Gulf Finance House (USD) 0.470 1.1% 1,344,350 Gulf Finance House (USD) 0.470 1.1% 238,232 Arab Banking Corporation. (USD) 0.295 1.7% 695,000 Bahrain Telecommunications Co. 0.202 1.0% 116,694 Bahrain Telecommunications Co. 0.202 1.0% 572,000 Seef Properties 0.210 (0.9%) 92,645 Seef Properties 0.210 (0.9%) 440,593 Arab Banking Corporation. (USD) 0.295 1.7% 77,294 Source: KAMCO Research 8
9. KAMCO Research Muscat Securities Market Daily Report November 26 , 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 0.1% 1.8% (29.8%) (20.9%) Muscat Securities Mkt 4,517 Financial 2,237 0.1% 2.8% 378 (0.1%) (2.8%) (60.0%) 1,902 0.1% 1.6% (28.5%) 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 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Dec-16 Mar-17 0 Feb-17 4,800 Jan-17 20 Nov-16 5,000 Top Movers and Most Active Stocks Trading Indicators Price Daily Value (OMR) % Chg (OMR) HSBC Bank Oman 0.124 3.3% 6,010,980 Al Madina Investment company 0.056 1.8% 18,248,376 Al Anwar Holding 0.149 1.4% 30,032,814 National Bank of Oman 0.200 1.0% 17,802,985 Al Sharqia Inv. Holding 0.107 0.9% 4,421,712 Best Return Performers Price Daily Value (OMR) % Chg (OMR) Bank Muscat 0.400 (1.0%) 93,915,924 Al Anwar Ceramic Tiles Co. 0.129 (0.8%) 12,565,786 Worst Return Performers Market Return Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg MSM 30 Index 5,086.35 8.32 0.2% 1.5% (12.0%) Market Cap (OMR Mn) 4,517.44 2.50 0.1% 1.8% (29.8%) Trading Indicators Today's DTD DTD Value Chg % Chg 2,609 (2,594) Value Traded (OMR '000) 830 No. of Trades 193 Volume ('000 Shares) Average Daily YTD-17 YTD-16 (49.9%) 10,694 13,410 (342) (29.1%) 2,925 3,228 (93) (32.5%) 414 675 Market Breadth 7 2 Price Daily Volume (OMR) % Chg (Shares) Bank Sohar 0.157 0.0% 596,095,962 Bank Sohar 0.157 0.0% 98,270.7 Al Madina Takaful 0.100 0.0% 391,481,461 Bank Muscat 0.400 (1.0%) 93,915.9 Al Madina Investment company 0.056 1.8% 256,584,248 OMINVEST 0.460 0.0% 86,778.4 Bank Muscat 0.400 Oman Telecom Co. 1.225 0.0% 77,558.0 OMINVEST 0.460 Ooredoo 0.544 0.4% 66,299.7 Most Active Stocks by Volume (1.0%) 228,742,412 0.0% 178,599,187 Most Active Stocks by Value Price 36 (OMR) Daily Volume % Chg (OMR'000) Source: KAMCO Research 9
10. KAMCO Research The Egyptian Exchange Daily Report November 26 , 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 37.0% The Egyptian Exchange 525,798 1.6% 1.3% Banking & Finance 132,994 0.2% (5.3%) 6.7% Basic Resources 36,827 2.3% (8.6%) 74.6% Chemical 28,375 1.4% 2.6% 54.2% Construction & Material 44,403 0.9% (6.2%) 234.3% Financial Services 30,463 1.3% (2.6%) 4.9% Food & Beverage 13,297 2.1% 1.9% 70.6% EGX 30 Index 350 12,000 300 11,000 250 10,000 200 Volume Traded (Mn Shrs) 13,000 9,000 Healthcare & Pharma. Ind. Goods,Services, Auto. Media 150 8,000 9,758 (1.2%) (3.7%) 40.6% 34,517 5.4% 7.8% 59.8% 82.9% 1,159 0.8% (12.8%) Oil & Gas 11,219 2.1% (1.1%) 76.1% Personal & Household 46,227 6.4% 8.0% 100.2% Real Estate 44,160 1.8% (2.0%) 11.0% Telecommunication 85,867 0.1% 23.6% 26.3% 6,531 0.0% (3.7%) 101.9% 100 7,000 50 6,000 Travel & Leisure Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Dec-16 Jan-17 0 Nov-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 4.22 9.9% EGX 30 Index 361.24 7.9% Market Cap (EGP Mn) GB AUTO S.A.E 3.32 7.1% Egyptians Abroad for Inv. & Dev. 5.27 6.9% 125.38 5.6% Best Return Performers Egyptians Housing Dev. & Reconstruction EASTERN CO Elswedy Cables Worst Return Performers El Nasr Clothes & Textiles (Kabo) Egyptian Co. for Mobile Services (MobiNil) Arab Polvara Spinning & Weaving Co. National Bank of Kuwait - Egypt - NBK Egyptian Int'l Pharmaceutical Most Active Stocks By Volume (1.6%) 14.3% 525,798 8,193 1.6% 1.3% 37.0% Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 203.0 28.7% 811 488 18,867 2,116 12.6% 17,394 13,619 No. of Trades 251.16 (2.8%) Volume 1.9% 912 (3.7%) Price 266.80 169 1.30 (1.2%) % Chg 14,106.17 24.7% Value Traded (EGP Mn) (1.3%) YTD-17 % Chg 33.03 Daily 123.00 MTD % Chg 167 % Chg (2.1%) DTD Chg Volume (Mn Shares) Price 2.75 DTD Value Trading Indicators (EGP) 35.36 Closing Market Return 121 Market Breadth 43 Most Active Stocks By Value (EGP) ('000 Shrs) 11 Price (EGP) 6 Daily Value % Chg (EGP Mn) Citadel Capital 1.41 45,477 Elswedy Cables 125.38 5.58% 85.62 Amer Group Holding 0.34 30,010 EASTERN CO 361.24 7.91% 84.79 Palm Hills Developments 4.16 17,299 17.14 3.94% 72.06 Egyptian Kuwaiti Holding 0.86 8,631 Palm Hills Developments 4.16 2.97% 72.04 Egyptian Resorts Co. 1.44 7,855 Commercial Int'l Bank (Egypt) 73.61 0.42% 69.36 El Ezz Steel Rebars Source: KAMCO Research 10
11. KAMCO Research Amman Stock Exchange Daily Report (1st Market) November 26, 2017 Sector Returns 3 1,925 0 Dec-16 Vol. Traded (Mln. Shares) 1,975 Market Cap. (JD Mn) Nov-17 6 Oct-17 2,025 Sep-17 9 Aug-17 2,075 Jul-17 12 Jun-17 2,125 May-17 15 Apr-17 2,175 Mar-17 18 Feb-17 2,225 Jan-17 21 Nov-16 ASE Index Value Index Performance relative to Volume 2,275 DTD % Chg MTD % Chg YTD % Chg 12,380 8,763 110 172 243 23 253 115 100 452 6 514 67 68 15 8 16 58 900 351 (0.1%) (0.0%) (0.0%) (0.7%) 0.2% 0.8% (0.5%) 0.0% (1.3%) (0.1%) (1.5%) 0.2% (0.1%) (1.1%) 1.1% 0.0% 0.0% 0.2% 0.4% (1.0%) 0.8% 0.7% 2.9% 1.7% (4.2%) 4.6% (0.8%) (0.1%) (2.7%) 5.2% 4.9% (1.0%) (0.0%) (1.7%) (4.6%) 0.0% (4.9%) 0.4% 3.5% 0.8% (7.1%) (9.4%) (2.3%) 3.5% 0.8% (7.4%) (9.5%) (11.5%) 9.9% (3.9%) (30.5%) (16.0%) 0.1% (13.2%) (20.4%) 0.0% 21.5% (12.6%) 15.7% 13.6% Engineering & Construction 47 (0.1%) 0.1% 1.8% Electrical Industries 12 (0.5%) (2.5%) (22.1%) Textiles , Leathers & Clothings 79 0.7% 4.4% (21.6%) 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 0.14 7.7% ASE Index JORDAN INDUSTRIAL RESOURCES 0.14 7.7% Market Cap (JD Mn) INTERNATIONAL FOR MEDICAL INVESTMENT 0.88 4.8% AKARY FOR INDUSTRIES & REAL ESTATE INV. 1.99 4.7% SPECIALIZED INVESTMENT COMPOUNDS 0.90 4.7% Best Return Performers Closing DTD DTD MTD Value Chg % Chg % Chg % Chg 2,103.04 (2.47) (0.1%) 0.5% (3.1%) 12,379.58 (6.21) (0.1%) 0.8% (7.1%) Market Return Today's DTD DTD Value Chg % Chg Average Daily Trading Indicators Price Daily (JD) % Chg EL-ZAY READY WEAR MANUFACTURING 0.27 (3.6%) UNITED FINANCIAL INVESTMENTS 0.70 (2.8%) Worst Return Performers ARAB ELECTRICAL INDUSTRIES 0.40 (2.4%) CONTEMPRO FOR HOUSING PROJECTS 0.83 (2.4%) ALIA- THE ROYAL JORDANIAN AIRLINES 0.43 (2.3%) Most Active Stocks By Volume AL-AMAL FINANCIAL INVESTMENTS CO. Price Volume (JD) ('000 Shrs) 0.55 3,578 YTD-17 YTD-16 Volume ('000 Shares) 4,970 3,123 169.2% 3,385 4,155 Value Traded (JD '000) 3,882 1304 50.6% 4,628 13,141 No. of Trades 1,190 (1,123) (48.6%) 5 2,030 28 74 Price Daily Value (JD) % Chg (JD) AL-AMAL FINANCIAL INVESTMENTS CO. 0.55 (1.8%) 1,974,036 Market Breadth Most Active Stocks By Value 17 ARAB UNION INTERNATIONAL INSURANCE 1.53 258 ARAB UNION INTERNATIONAL INSURANCE 1.53 1.3% 390,261 UNION INVESTMENT CORPORATION 1.28 182 UNION INVESTMENT CORPORATION 1.28 (1.5%) 233,738 SPECIALIZED INVESTMENT COMPOUNDS 0.90 115 UNION LAND DEVELOPMENT CORP. 2.23 (0.4%) 145,709 SALAM INTERNATIONL TRANSPORT & TRADING 0.62 77 CENTURY INVESTMENT GROUP 2.50 0.0% 109,196 Source: KAMCO Research 11
12. KAMCO Research Tunisia Stock Exchange Daily Report November 26 , 2017 Index Performance relative to Volume Sector Returns 6,500 2,000 Market Cap. DTD MTD YTD (DT Mn) % Chg % Chg % Chg 19,113 (0.1%) 1.1% 10.5% 8,508 0.2% (2.4%) 12.6% 6,400 1,800 1,600 6,200 Tunisia Index 6,100 1,400 6,000 1,200 5,900 5,800 1,000 5,700 Vol. Traded ('000. Shares) 6,300 800 5,600 Tunis Stock Exchange Banking Insurance 613 0.6% (0.0%) (6.4%) Leasing 603 (9.4%) (9.6%) (11.3%) Financial Services 2,035 (0.4%) 11.8% 32.5% Industrial 1,352 (0.2%) 4.1% 8.8% 367 1.3% 12.2% (20.5%) Food & Beverage 2,796 0.2% 2.2% 6.9% Retailing 1,446 1.2% 5.3% 0.7% Others 1,393 0.1% 2.8% 24.1% Chemical Industry 5,500 600 5,400 400 5,300 Nov/17 Oct/17 Sep/17 Aug/17 Jul/17 Jun/17 May/17 Apr/17 Mar/17 Feb/17 Jan/17 Dec/16 200 Nov/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 Société Chimique Alkimia 46.28 4.5% Tunisia Index Société Magasin Général 36.05 2.5% Market Cap (DT Mln) 8.40 2.4% 29.69 2.4% 3.04 2.4% Best Return Performers Hannibal Lease Industries Chimiques du Fluor Manufacture de Panneaux Bois du Sud Market Return Trading Indicators Volume ('000 Shares) Price Daily (DT) % Chg Value Traded ('000 DT) 0.48 (4.0%) No. of Trades Tunisie Leasing 14.25 (2.7%) Union Bancaire pour le Commerce et l'Industrie 21.40 (2.7%) Société Générale Industrielle de Filtration 1.56 (1.9%) SOTIPAPIER 3.40 (1.4%) Worst Return Performers TUNISAIR Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 0.2% 1.4% 12.7% (0.1%) 1.1% 10.5% 6,187.70 19,113 Average Daily Today's DTD DTD Value Chg % Chg 333 (6.0) (1.8%) 389 567 3,075 (1,124) (26.8%) 2,987 3,953 801 (67.0) (7.7%) 966 1,212 Market Breadth Price Volume (DT) (Shares) TelNet Holding 6.04 59,258 Banque Internationale Arabe de Tunisie Banque de Tunisie 7.98 54,001 Société Immobilière Tuniso-Séoudienne 1.87 31,952 Manufacture de Panneaux Bois du Sud 3.04 25,214 Poulina Group Holding 9.79 19,668 Most Active Stocks By Volume 9.83 (21.80) 22 YTD-17 13 YTD-16 31 Price Daily Value (DT) % Chg (DT '000) 115.50 0.6% 747 Banque de Tunisie 7.98 (0.1%) 427 TelNet Holding 6.04 1.2% 356 Banque Nationale Agricole 12.32 0.6% 200 Les Placements de Tunisie – SICAF 35.70 0.0% 193 Most Active Stocks By Value Source: KAMCO Research 12
13. KAMCO Research Beirut Stock Exchange Daily Report November 26 , 2017 Sector Returns Index Performance relative to Volume 1,250 7,500 1,240 Market Cap. DTD MTD YTD (USD Mn) % Chg % Chg % Chg 10,956 (0.1%) (4.2%) (7.7%) 9,300 0.3% (4.8%) (5.7%) 320 0.0% 8.7% 26.3% 35 0.0% 0.0% 0.0% 1,301 (3.0%) (3.1%) (24.4%) 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 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 Apr-17 May-17 Mar-17 Feb-17 Jan-17 Dec-16 1,130 Nov-16 1,140 0 Trading Indicators Top Movers and Most Active Stocks Best Return Performers Bank Audi GDR BLOM Bank GDR Price Daily (USD) % Chg Market Return 5.50 1.9% Blom Stock Index 11.26 1.6% Market Cap (USD Mn) Trading Indicators Price Daily (USD) % Chg Solidere B 7.83 (4.3%) Solidere A 7.92 (2.2%) 100.10 (0.1%) Worst Return Performers Bank Audi Preferred I Volume ('000s shares) Value Traded ('000s USD) Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 0.8% (4.2%) (8.6%) (0.1%) (4.2%) (7.7%) 1,108.86 9.23 10,956.41 (15.71) Average Daily Today's DTD DTD Value Chg % Chg 141.78 71 100.2% 331 662 13,059.67 12,235 1,483.3% 2,933 2,878 YTD-17 YTD-16 Market Breadth 2 Most Active Stocks by Volume Bank Audi Preferred I Price Volume (USD) (Shares) Most Active Stocks by Value Price Daily Value (USD) % Chg (USD) (0.1%) 12,963,951 10.90 0.0% 31,556 Solidere A 7.92 (2.2%) 25,784 2,895 Bank Audi 5.50 0.0% 24,750 788 Solidere B 7.83 (4.3%) 6,170 129,510 5.50 4,500 BLOM Bank Solidere A 7.92 3,254 10.90 7.83 Solidere B 30 100.10 100.10 Bank Audi BLOM Bank 3 Bank Audi Preferred I Source: KAMCO Research 13
14. KAMCO Research Casablanca Stock Exchange Daily Report November 26 , 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 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 571,030 0.0% 1.6% 6.1% Banking 215,930 (0.0%) 1.1% 9.4% Beverages 3,350 0.0% (11.4%) 16.7% Chemicals 1,567 (0.5%) 1.7% 299.4% Construction & Bldg. Material 73,604 1.0% 2.4% (5.1%) Distributors 10,957 (0.3%) 0.0% 2.8% 337 0.0% 4.2% 1.4% Electricity 21,607 (3.5%) 5.3% 17% Food Producers & Processors 17,552 0.8% 2.8% (3.1%) Electrical & Electronic Equip. Holding Companies 2,930 2.0% 4.9% 15.3% 28,067 (0.8%) 3.2% 17.0% Investment & other Finance 4,028 0.0% 1.4% 10.1% Leisures & Hotel 2,034 3.4% 5.2% 20.5% Materials, Software & Computer 1,978 0.1% 3.0% 63.1% Mining 24,112 0.1% 3.4% 52.2% Oil & Gas 11,335 0.0% 2.9% 6.8% Real Estate 23,815 0.0% (4.9%) 4.4% Insurance 10,500 8000 10,250 10,000 6000 9,750 4000 9,500 9,250 2000 Telecommunications 121,974 0.2% 2.5% (2.3%) 960 (0.1%) (9.5%) 28.6% 4,801 (1.1%) (4.1%) 11.1% 90 (6.2%) (1.4%) 37.4% 9,000 Transport 0 Utilities Nov/17 Oct/17 Sep/17 Aug/17 Jul/17 Jun/17 May/17 Apr/17 Mar/17 Feb/17 Jan/17 Dec/16 Nov/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 Risma Trading Indicators Price Daily (MAD) % Chg Market Return Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 142.00 3.4% MASI Index 12,572.29 9.42 0.1% 1.6% 8.0% 1,150.00 2.3% MADEX Index 10,270.97 10.97 0.1% 1.8% 7.6% 33.45 2.0% Market Cap (MAD Mn) 571,030 0.10 0.0% 1.6% 6.1% Societe Nationale de Siderurgie 772.90 1.8% Lesieur Cristal 173.00 1.8% Credit EQDOM (SOC D'EQUIP DOM ET MN) Delta Holding Trading Indicators Price Daily (MAD) % Chg Volume ('000 Shares) 34.70 (6.2%) Value Traded (MAD Mn) 916.00 (3.5%) Banque Morocaine Due Commerce Et De L'Industries 850.00 (3.1%) Salafin 880.00 (2.0%) 51.74 (1.9%) Worst Return Performers Med Paper TAQA MOROCCO ENNAKL Automobiles Most Active Stocks By Volume Price Volume (MAD) (Shrs) Market Breadth Most Active Stocks By Value Average Daily Today's DTD DTD Value Chg % Chg 478.53 (615.4) (56.3%) 906 516 66.66 (51.73) (43.7%) 66 70 14 YTD-17 12 Price (MAD) YTD-16 15 Daily Value % Chg (MAD Mn) Itissalat Al-Maghrib 138.75 131,705 Attijariwafa Bank 482.90 0.4% 16.68 Douja Prom Addoha 39.50 102,606 Banque Centrale Populaire 303.00 (0.7%) 9.53 Attijariwafa Bank 482.90 69,300 Ciments Du Maroc 1,730.00 0.0% 9.21 Banque Centrale Populaire 303.00 62,898 Itissalat Al-Maghrib 138.75 0.2% 9.13 34.70 35,548 Label Vie 1,750.00 0.1% 7.38 Med Paper Source: KAMCO Research 14
15. KAMCO Research Damascus Securities Exchange Daily Report November 26 , 2017 Index Performance relative to Volume Sector Returns 4,400 700 Market Cap. DTD MTD MTD (SRY Mn) % Chg % Chg % Chg 459,465 1.3% 5.2% 161.6% 430,619 1.3% 5.3% 172.6% 40.6% 4,200 4,000 600 Damascus SE 3,800 DSE TRW Index 500 3,400 3,200 400 3,000 2,800 2,600 300 2,400 Vol. Traded ('000. Shares) 3,600 2,200 200 Banking Services 2,076 (1.1%) 9.7% Industrial 7,640 0.0% 1.8% 4.6% Insurance 18,601 0.1% 3.9% 122.4% 528 0.0% 0.0% 0.0% Agricultural Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector 2,000 1,800 100 1,600 1,400 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Jan-17 Feb-17 Dec-16 0 Nov-16 1,200 Trading Indicators Top Movers and Most Active Stocks Closing DTD DTD MTD Value Chg. % Chg. % Chg. % Chg. 55.03 1.3% 5.5% 169.0% 5,715.2 1.3% 5.2% 161.6% Best Return Performers Price (SRY) Daily % Chg Syria International Islamic Bank 739.83 3.0% DSE Weighted Index 4,350.34 Syria Gulf Bank 313.62 2.9% Market Cap (SRY Mn) 459,465 Qatar National Bank Syria 502.89 2.1% Cham Bank 599.79 1.8% Al Baraka Bank - Syria 950.85 1.7% Market Return Trading Indicators Worst Return Performers Price (SRY) Daily % Chg United Group For Publishing, Adv. & Mktg. 249.75 (1.9%) Volume (Shrs) Value Traded ('000 SRY) No. of Trades Market Breadth Most Active Stocks by Volume Price (SRY) Volume (Shrs) Most Active Stocks by Value YTD-17 Average Daily Today's DTD DTD Value Chg. % Chg. (80,103) (40.2%) 106,439 189 1.7% 37,898 12,535 (0.6%) 91 41.9 119,047 76,317 1,257 159 (1.0) 8 YTD-17 1 Price (SRY) YTD-16 15 Daily % Chg Value (SRY) 45,482,247 Syria International Islamic Bank 739.83 61,477 Syria International Islamic Bank 739.83 3.0% Cham Bank 599.79 15,730 Cham Bank 599.79 1.8% 9,434,638 Qatar National Bank Syria 502.89 13,635 Qatar National Bank Syria 502.89 2.1% 6,856,849 Fransabank Syria 466.37 7,755 Al Baraka Bank - Syria 950.85 1.7% 5,541,530 Al Baraka Bank - Syria 950.85 5,828 Fransabank Syria 466.37 0.5% 3,616,718 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