MENA Markets Daily Report - 29 March

Transcription

1. KAMCO Research MENA Markets Daily Report Country March 29 , 2017 Index Value Benchmark DTD Change YTD 2017 FY 2016 MENA Countries Kuwait Price Index ▲ 7,051.84 0.3% 22.7% 2.4% Kuwait …………………………………. 2 Kuwait Weighted Index ▼ 417.93 (0.8%) 10.0% (0.4%) Saudi Arabia ………………………. 3 Kuwait KSX 15 Index ▼ 939.06 (0.9%) 6.1% (1.7%) UAE - Dubai …………………………. 4 Saudi Arabia TADAWUL All Share Index ▲ 6,872.77 0.3% (4.7%) 4.3% UAE - Nasdaq Dubai……… 5 UAE - Dubai DFM General Index ▼ 3,446.97 (0.2%) (2.4%) 12.1% UAE - Abu Dhabi …………………… 6 UAE - Nasdaq Dubai FTSE NASDAQ Dubai UAE 20 Index ▲ 3,296.28 0.2% 0.1% 7.5% Qatar …………………………………… 7 UAE - Abu Dhabi ADX General Index ▲ 4,469.66 0.1% (1.7%) 5.6% Bahrain ………………………………… 8 Qatar QE 20 Index ▲ 10,461.81 0.3% 0.2% 0.1% Oman …………………………………… 9 Bahrain Bahrain All Share ▼ 1,377.56 (0.4%) 12.9% 0.4% Egypt …………………………………. 10 Oman MSM 30 Index ▼ 5,543.09 (1.1%) (4.1%) 7.0% Jordan…………………………… 11 Egypt EGX 30 ▲ 12,982.66 0.1% 5.2% 76.2% Tunisia …………………………………. 12 Jordan ASE Index ▲ 2,246.88 0.3% 3.5% 1.6% Lebanon ………………………………. 13 Lebanon Blom Stock Index ▼ 1,226.30 (0.4%) 1.1% 3.7% Morocco……………………….. 14 Tunisia Tunisia Index ▼ 5,562.70 (0.1%) 1.3% 8.9% Syria ……………………………… 15 Morocco MASI ▲ 11,560.49 0.4% (0.7%) 30.5% Syria DSE Weighted Index ▲ 3,003.01 0.2% 85.7% 31.7% 3,257.66 0.1% 5.0% (12.3%) In this Report… Emerging Markets China SSE Composite Index ▲ Russia RUSSIAN RTS INDEX ($) ▲ 1,125.58 1.0% (2.3%) 52.2% India SENSEX ▲ 29,473.48 0.2% 10.7% 1.9% Brazil BOVESPA Stock Index ▲ 64,640.45 0.5% 7.3% 38.9% Mexico BOLSA Index ▲ 49,339.24 0.1% 8.1% 6.2% Korea KOSPI Index ▲ 2,164.57 0.1% 6.8% 3.3% Taiwan TAIEX Index ▼ 9,834.43 (0.4%) 6.3% 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 ▲ 1,858.88 0.7% 6.1% 5.3% Asia MSCI Asia Pacific ▲ 149.02 1.0% 10.3% 2.3% Europe DJ Stoxx 600 ▲ 377.30 0.6% 4.4% (1.2%) Europe FTSEurofirst 300 ▲ 1,487.96 0.6% 4.2% (0.6%) Emerging Markets MSCI EM Index ▲ 970.32 0.5% 12.5% 8.6% U.S.A S&P 500 ▲ 2,358.57 0.7% 5.3% 9.5% U.S.A DJIA ▲ 20,701.50 0.7% 4.8% 13.4% U.S.A NASDAQ Composite ▲ 5,875.14 0.6% 9.1% 7.5% UK FTSE 100 ▲ 7,343.42 0.7% 2.8% 14.4% Germany DAX ▲ 12,149.42 1.3% 5.8% 6.9% Japan NIKKEI 225 ▲ 19,205.16 0.0% 0.5% 0.4% Hong Kong HANG SENG INDEX ▲ 24,396.26 0.2% 10.9% 0.4% Oil OPEC Crude ▼ 48.25 (0.0%) (9.5%) 67.1% Oil Brent ▲ 51.51 0.4% (9.3%) 52.4% Oil Kuwait ▲ 48.53 0.8% (9.0%) 85.5% Natural Gas NYMEX Natural Gas (USD/MMBtu) ▼ 3.08 (0.4%) (13.5%) 30.0% Gold Gold Spot $/Oz ▼ 1,249.20 (0.2%) 8.9% 8.1% Commodities Source: Bloomberg & KAMCO Research
2. KAMCO Research Boursa Kuwait Daily Report March 29 , 2017 Sector Weight by Market Cap Insurance 1% Market Capitalization - Sector Returns Financial Services Technology 10% 0.2% Real Estate 8% Market Cap. Oil & Gas 1% Boursa Kuwait Consumer Goods 5% Telecom 11% ▼ (0.8%) (1.6%) 9.1% ▼ (1.0%) (1.3%) (0.6%) 31.2% 803.2 ▼ (1.4%) 2.1% 2,946.4 ▼ (0.3%) 2.1% 8.3% Consumer Goods 1,371.1 ▲ 0.1% (5.5%) (4.8%) Health Care 225.6 ═ 0.0% 0.0% (1.4%) Consumer Services 660.4 ▼ (0.1%) (3.5%) 1.5% 3,021.4 ▲ 1.2% (4.8%) 4.9% 13,835.0 ▼ (1.5%) (1.0%) 11.6% (3.5%) Telecommunications 337.2 ▼ (0.6%) (5.7%) Real Estate 2,317.8 ▼ (0.5%) (1.1%) 5.3% Financial Services 2,857.0 ▼ (0.8%) (2.6%) 13.5% 47.5 ▲ 1.0% (5.3%) 32.3% Insurance Health Care 0.8% Technology Top 10 Companies by Market Capitalization 39 Market Breadth Company Name Market Cap. P/E ROE* (Mn KWD) (X) (%) YTD % Chg Industrials Banks Consumer Services 2% MTD % Chg 227.5 Basic Materials Industrials 10% DTD % Chg 28,650.2 Oil & Gas Basic Materials 3% Banks 48% DTD (KWD Mn) Benchmark Return Closing Value Price Index 55 84 DTD DTD MTD YTD Chg % Chg % Chg % Chg 7,051.84 19.6 0.3% 4.0% 22.7% 1- National Bank of Kuwait 3,964.7 14.5 9.4% Weighted Index 417.93 (3.5) (0.8%) (1.4%) 10.0% 2- Kuwait Finance House 3,092.5 18.9 9.0% Kuwait 15 Index 939.06 (8.7) (0.9%) (2.6%) 6.1% 3- Zain 1,968.8 12.3 10.6% Market Cap (KWD Mn) 28,650 (235.5) (0.8%) (1.6%) 9.1% 4- Ahli United Bank - Bahrain 1,778.1 10.5 15.8% 964.8 18.1 18.3% 921.3 23.2 11.8% 7- Ahli United Bank - Kuwait 796.9 18.6 11.0% 8- Agility (PWC Logistics) 775.6 13.5 6.3% 9- Gulf Bank 762.0 18.1 7.5% 10- Mabanee Co. 740.4 15.3 14.7% 15,765 15.00 10.4% 1,200 1,100 1,000 420 900 800 390 700 600 360 500 400 0.010 9.8% Future Kid Entertainment and R.E Co. 0.124 0.010 8.8% Amwal International Investment Co. 0.088 0.005 6.0% Manazel Holding Co. 0.057 0.003 5.6% Today's Top % Losers Change Percent Trading Indicators Volume (Shrs Mn) No. of Trades (KWD) (KWD) Change 0.051 (0.005) (8.9%) Credit Rating & Collection Co. 0.031 (0.003) (7.6%) Salbookh Trading Co. 0.072 (0.004) (5.3%) Al-Argan International Real Estate Co. 0.182 (0.010) (5.2%) Price Index IFA Hotels & Resorts Co. 0.182 (0.010) (5.2%) Weighted Index Close Percent Volume (KWD) Change (Shares) Kuwait Real Estate Co. 0.069 (1.4%) 27,249,854 A'ayan Leasing & Investment Co. 0.050 (2.0%) 23,611,769 Manazel Holding Co. 0.057 5.6% Al TAMEER Real Estate Investment Co. 0.038 (2.6%) Sokouk Holding Co. 0.048 (4.0%) National Cleaning Co. 0 Market Trading Data and Volatility Value Traded (KWD Mn) Close Mar-17 0.112 Feb-17 Kuwait Building Materials Co. Jan-17 10.0% Dec-16 0.010 Nov-16 0.110 Oct-16 Change National Co. for Consumer Industries Sep-16 Percent Aug-16 (KWD) Jul-16 Change Jun-16 Close (KWD) May-16 300 200 100 Apr-16 Top Movers and Most Active Stocks Today's Top % Gainers 300 330 *: ROE is calculated based on TTM 9M-2016 net profit & shareholders' equity as of 30-Sep-16 Mar-16 Total Volume traded (shr. mil.) 6- Boubyan Bank 450 Weighted Index 5- Kuwait Food Co. (Americana) Index Performance relative to Volume Average Daily Today's DTD DTD Value Chg % Chg (16.9) (6.4%) 480.1 0.1% 43.4 13.2 (10.8%) 8,794 3,436 246.5 26.9 5,230 Market Volatility** 0.0 (632) YTD 2017 YTD 2016 149.3 Volatility Since January: 2016 2015 2014 2013 2012 9.8% 9.1% 9.6% 10.2% 9.8% 11.1% 10.2% 10.3% 9.7% 9.4% **: Annualized Standard Deviation of Daily Returns Today's Most Active by Volume Close Percent Value (KWD) Change (KWD) Kuwait Finance House 0.590 (3.3%) 2,813,377 Ahli United Bank - Bahrain 0.260 (1.9%) 2,719,334 15,370,006 National Bank of Kuwait 0.670 (1.5%) 2,158,888 12,938,281 Kuwait Real Estate Co. 0.069 (1.4%) 1,877,209 12,515,886 A'ayan Leasing & Investment Co. 0.050 (2.0%) 1,172,985 Today's Most Active by Value Source: Boursa Kuwait, KAMCO Research 2
3. KAMCO Research Saudi Tadawul Daily Report March 29 , 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 1,611,843 0.2% (1.4%) (4.2%) 23,939 0.6% (4.2%) (8.4%) 511,931 0.4% (1.8%) (0.0%) 23,220 1.3% (4.4%) (6.0%) 8,293 (0.7%) (0.7%) (14.2%) 14,477 0.9% 0.3% (18.8%) 3,806 1.0% (3.6%) 2.6% 15,051 0.9% (4.6%) (11.2%) (20.1%) Energy Vol. Traded (Mln. Shares) 7,500 Materials Capital Goods Commercial & Professional Svc Transportation Consumer Durables & Apparel Consumer Services Media 6,500 300 250 Retailing Food & Staples Retailing 2,572 0.5% 0.2% 29,327 (0.1%) 0.5% 3.3% 6,851 1.3% 2.7% 3.9% Food & Beverages 89,345 1.3% 3.6% 1.3% Health Care Equipment & Svc 27,174 (0.1%) 5.0% (1.8%) (12.9%) 6,000 200 Pharma, Biotech & Life Science 150 5,500 100 Banks Diversified Financials Insurance 50 5,000 Mar-17 Jan-17 Feb-17 Dec-16 Nov-16 Oct-16 Sep-16 Aug-16 Jul-16 Jun-16 May-16 Apr-16 Mar-16 0 Telecommunication Services Utilities REITs Real Estate Mgmt & Dev't 4,271 0.5% (3.8%) 392,724 0.4% (2.0%) (8.5%) 42,320 0.2% (4.9%) (11.1%) 43,167 (0.7%) (4.6%) 1.7% 155,010 (1.1%) 1.1% (8.2%) 96,766 (0.3%) (5.6%) 0.3% 886 0.5% 2.8% 59.7% 120,713 (0.3%) 0.6% (5.1%) YTD-17 Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Top Movers and Most Active Stocks Best Return Performers Price (SAR) National Agriculture Development Co. Etihad Atheeb Telecommunication Co. Daily Trading Indicators Value 29.79 6.8% 106,148 4.04 4.9% 3,880 18.87 4.6% 22,364 United International Transportation Co. 28.57 4.0% 45,558 Electrical Industrial Company 24.27 3.5% 20,958 Alandalus Property Co. Worst Return Performers Price Market Return % Chg (SAR 000's) Daily Value Tadawul All Share Index Market Cap (SAR Mn) Value Traded (SAR Mn) Mediterranean & Gulf Insurance & Reins. Co 23.08 (3.4%) 23,543 No. of Trades Al Hammadi Co. For Dev. and Inv. 42.37 (3.0%) 49,773 Saudi Public Transport Co. 14.50 (2.8%) 18,089 Riyad Bank 10.35 (2.4%) 7,619 The Co for Cooperative Insurance 93.95 (1.9%) 25,854 Most Active Stocks By Volume Price Daily Volume (SAR) % Chg ('000 Shrs) DTD MTD Chg % Chg % Chg % Chg 20.6 0.3% (1.4%) (4.7%) 1,611,843 2,921.9 0.2% (1.4%) (4.2%) Volume (Mn Shares) % Chg (SAR 000's) DTD Value 6,872.77 Trading Indicators (SAR) Closing Average Daily Today's DTD DTD Value Chg % Chg YTD-17 YTD-16 128 16.4 14.6% 209 281 2,948 469.9 19.0% 3,875 8,581 93,503 14,984 19.1% 133,555 143,065 Market Breadth 124 Most Active Stocks By Value 42 9 Price Daily Value (SAR) % Chg (SAR Mn) Alinma Bank 14.88 0.3% 29,443 Alinma Bank 14.88 0.3% 438.4 Al-Tayyar Travel Group Co. 30.48 0.9% 6,784 Saudi Basic Industries Corp 96.40 0.1% 395.4 Saudi Basic Industries Corp 96.40 0.1% 4,091 Al-Tayyar Travel Group Co. 30.48 0.9% 207.7 5.90 (0.5%) 3,682 Al-Rajhi Bank 63.08 0.3% 132.4 29.79 6.8% 3,621 National Agriculture Development Co. 29.79 6.8% 106.1 Dar Al Arkan Real Estate Development Co. National Agriculture Development Co. Source: KAMCO Research 3
4. KAMCO Research Dubai Financial Market Daily Report March 29 , 2017 Sector Returns Index Performance relative to Volume 4,600 4,000 3,500 3,000 4,000 2,500 3,700 2,000 3,400 1,500 3,100 1,000 DTD MTD YTD (AED Mn) % Chg % Chg % Chg 367,776 (0.1%) (4.2%) 10.7% 155,976 (0.5%) (5.5%) 32.2% Consumer Staples 10,921 (1.2%) (6.5%) (21.4%) Investment & Financial 24,043 (0.0%) (7.9%) 3.1% Insurance 5,568 (0.2%) (0.5%) 5.3% Industrial 3,755 0.0% 1.0% 2.5% Banking Vol. Traded (Mln. Shares) DFM General Index Value 4,300 Market Cap. Real Estate & Construction 111,973 0.6% (3.2%) (1.3%) Telecommunication 28,131 (0.6%) 0.4% (2.1%) Transportation 23,439 0.1% (2.5%) 6.2% 3,969 (1.3%) (4.6%) 5.1% Services Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector 2,800 500 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 Sep-16 Aug-16 Jul-16 Jun-16 May-16 Apr-16 Mar-16 2,500 Top Movers and Most Active Stocks Best Return Performers EMAAR MALLS GROUP Price YTD-2015 Top Movers and Most Active Stocks Daily Value Traded (AED) % Chg (AED) 2.580 3.6% 15,756,253 Dubai Investment 2.460 0.8% 3,325,165 DAMAC Properties Dubai 2.770 0.4% 1,717,558 Aramex 4.980 0.2% 6,238,458 Market Return DFM General Index Market Cap (AED Mn) Trading Indicators Worst Return Performers Price Daily Value Traded (AED) % Chg Hits Telecom Holding Co. 0.657 (8.7%) 30,830,520 Gulf Finance House 2.470 (6.1%) 96,708,887 Int'l Financial Advisors Co. 0.535 (5.6%) 113,659 Al-Madina for Finance & Investment 0.617 (4.5%) 1,019,921 Amlak Finance 1.070 (3.6%) 2,009,750 Most Active Stocks by Volume (AED) Price Daily Volume (AED) % Chg ('000 Shrs) Closing DTD DTD MTD Value Chg % Chg % Chg % Chg 3,446.97 (7.42) (0.2%) (5.1%) (2.4%) 367,776 (459) (0.1%) (4.2%) 10.7% Today's DTD DTD Value Chg % Chg YTD-17 Average Daily YTD-17 YTD-16 Volume (Mn Shares) 217.4 112.4 107.0% 554 Value Traded (AED Mn) 288.6 124.1 75.4% 766 635 No. of Trades 3,250 1,157 55.3% 6,506 6,863 Market Breadth Most Active Stocks by Value 4 23 523 33 Price Daily Value (AED) % Chg (AED Mn) Hits Telecom Holding Co. 0.657 (8.7%) 45,742 Gulf Finance House 2.470 (6.1%) 96.7 Gulf Finance House 2.470 (6.1%) 38,181 DXB Entertainments 0.994 (1.6%) 34.3 DXB Entertainments 0.994 (1.6%) 34,421 Hits Telecom Holding Co. 0.657 (8.7%) 30.8 Drake and Scull International 0.444 (2.2%) 18,491 EMAAR Properties 7.200 (1.0%) 20.2 Arabtec Holding P.J.S.C. 0.879 (1.2%) 14,379 EMAAR MALLS GROUP 2.580 3.6% 15.8 Source: KAMCO Research 4
5. KAMCO Research Nasdaq Dubai Daily Report March 29 , 2017 Stock Returns Index Performance relative to Volume 3,600 20 Market Cap. 18 14 12 3,300 10 3,200 8 6 3,100 Vol. Traded (Mln. Shares) FTSE Nasdaq DubaiI UAE 20 Index 16 3,400 4 3,000 2 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 Sep-16 Aug-16 Jul-16 Jun-16 Apr-16 May-16 0 Mar-16 2,900 Price Daily Value % Chg (USD) DEPA Limited 0.31 0.3% 266,438 Emirates REIT (CEIC) Limited 1.09 0.3% 97,920 Nasdaq Dubai 43,646 (0.28%) 13.4% DP World 17,928 (0.7%) 23.4% Hikma Pharmaceuticals GDR 12,001 0.0% 12.6% Nasdaq, Inc. 11,636 0.0% 4.0% Orascom Construction Limited 636 0.0% 3.1% Al Baraka Banking Group 513 0.0% (4.3%) Emirates REIT (CEIC) Limited 326 0.3% (5.4%) ENBD REIT (CEIC) Limited 287 0.0% 5.4% DEPA Limited 188 0.3% (11.4%) BLME Holdings plc 131 0.0% 0.0% Market Return FTSE Nasdaq Dubai UAE 20 Market Cap (USD Mn) Trading Indicators DP World Price Daily Value Volume (Mn Shares) (USD) % Chg (USD) Value Traded (USD Mn) 21.60 (0.7%) 5,637,607 No. of Trades Market Breadth Most Active Stocks by Volume DEPA Limited % Chg Trading Indicators (USD) Worst Return Performers YTD % Chg Top Movers and Most Active Stocks Best Return Performers DTD (USD Mn) 3,500 Price Daily Volume (USD) % Chg ('000 Shrs) Most Active Stocks by Value Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 0.2% (2.1%) 0.1% (0.3%) (0.9%) 13.4% 3,296.28 43,646 5.05 (123.0) Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 1.23 0.91 287.8% 0.55 0.53 6.10 0.0 0.0% 6.39 5.37 240 102 73.9% 142 104 2 1 6 Price Daily Value (USD) % Chg (USD) 0.31 0.3% 859,960 DP World 21.60 (0.7%) 5,637,607 21.60 (0.7%) 259,450 DEPA Limited 0.31 0.3% 266,438 Emirates REIT (CEIC) Limited 1.09 0.3% 90,000 Orascom Construction Limited 5.40 0.0% 97,935 Orascom Construction Limited 5.40 0.0% 18,388 Emirates REIT (CEIC) Limited 1.09 0.3% 97,920 DP World Source: KAMCO Research 5
6. KAMCO Research Abu Dhabi Securities Exchange Daily Report March 29 , 2017 Sector Returns Index Performance relative to Volume 4,900 900 Market Cap. DTD MTD YTD 800 (AED Mn) % Chg % Chg % Chg 0.1% (2.3%) (2.5%) (0.1%) ADX General Index Value 700 4,700 600 4,500 500 400 4,300 300 Vol. Traded (Mln. Shares) 5,100 4,100 3,900 455,858 Banks 201,973 0.5% (2.9%) 4,316 (0.4%) (2.5%) 10.8% 22,722 (0.9%) (2.3%) (7.4%) Energy 5,639 (1.2%) (6.4%) (17.8%) Consumer Staples 5,839 (2.3%) (0.7%) (4.4%) 10,576 0.6% (3.0%) (2.3%) Inv. & Financial Services Real Estate 200 Industrial 100 Insurance 0 Telecommunication Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 Sep-16 Aug-16 Jul-16 Jun-16 May-16 Apr-16 Mar-16 3,700 ADX Services 9,818 (0.0%) 2.1% 17.2% 185,586 0.0% (1.5%) (4.8%) 9,388 0.2% (6.9%) (5.3%) Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Top Movers and Most Active Stocks Trading Indicators Price Daily Value (AED) % Chg (AED) Ras Al Khaimah Ceramic Co. 2.20 5.8% Sudan Telecom. Co. 0.68 Abu Dhabi Commercial Bank 6.85 Union National Bank Gulf Medical Projects Best Return Performers Market Return 124,552 ADX General Index 3.0% 120,813 Market Cap (AED Mn) 2.4% 4,897,659 4.38 1.9% 2,217,890 2.62 1.6% 873,267 Trading Indicators Price Daily Value Volume (Mn Shares) (AED) % Chg (AED) Value Traded (AED Mn) National Bank of Fujairah 3.26 (9.9%) FOODCO Holding Co. 6.00 (6.3%) 9,000 Ras Al Khaimah Cement Co. 0.85 (5.6%) 26,614 International Fish Farming Co. 1.94 (5.4%) 2,754,149 Gulf Cement Co. 1.00 (4.8%) 6,744 Worst Return Performers 97,800 No. of Trades Market Breadth Closing DTD DTD MTD Value Chg % Chg % Chg YTD-17 % Chg 4,469.66 4.38 0.1% (1.8%) (1.7%) 455,858 628 0.1% (2.3%) (2.5%) Average Daily Today's DTD DTD Value Chg % Chg 66 (71.6) (52.0%) 147 164 (74.7) (31.3%) 254 584.7 1,241 (167) (11.9%) 1,997 1,886 9 YTD-17 15 YTD-16 140.5 42 Price Daily Volume (AED) % Chg ('000 Shrs) Eshraq Properties Co. 1.03 (4.6%) 25,938 AL DAR Properties Co. AL DAR Properties Co. 2.41 (0.4%) 15,164 First Gulf Bank Dana Gas 0.43 (2.3%) 4,562 Emirates Telecom. Co. 17.90 0.0% 30,052,187 Ras Al Khaimah Properties 0.63 (1.6%) 4,249 Eshraq Properties Co. 1.03 (4.6%) 27,262,500 Sharjah Islamic Bank 1.37 0.0% 3,699 National Bank Of Abu Dhabi 10.50 0.5% 10,104,795 Most Active Stocks by Volume Most Active Stocks by Value Price Daily Value (AED) % Chg (AED) 2.41 (0.4%) 36,605,956 13.00 0.4% 30,198,035 Source: KAMCO Research 6
7. KAMCO Research Qatar Exchange Daily Report March 29 , 2017 Index Performance relative to Volume Sector Returns 50 11,700 QE 20 Index Value 11,200 40 35 10,700 30 25 Vol. Traded (Mln Shares) 45 20 10,200 15 9,700 10 Market Cap. DTD MTD YTD (QAR Mn) % Chg % Chg % Chg Qatar Exchange 560,479 0.5% (3.0%) (0.4%) Banking & Finance 240,124 0.3% (1.0%) 1.6% 23,509 0.2% (3.3%) 4.5% Industrial 143,187 0.9% (5.3%) (3.5%) Insurance 25,522 (0.5%) (2.8%) (4.7%) Real Estate 64,514 0.5% (1.0%) 4.2% Telecom 39,962 0.8% (4.4%) (1.4%) Transport 23,660 (0.1%) (10.2%) (10.9%) Goods & Consumer 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 0 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 Sep-16 Aug-16 Jul-16 Jun-16 May-16 Apr-16 Mar-16 9,200 Top Movers and Most Active Stocks Trading Indicators Price Daily Value (QAR) % Chg (QAR) 68.20 4.9% 27,110,653 QE 20 Index Vodafone Qatar 9.57 4.4% 54,998,866 Market Cap (QAR Mn) Zad Holding Co. 89.60 4.2% 37,363 Al Khaleej Takaful Group 21.00 3.4% 588,314 9.77 2.5% 636,230 Best Return Performers Islamic Holding Group Qatari German Co. for Medical Devices Market Return Trading Indicators Price Daily Value Volume ('000 Shares) (QAR) % Chg (QAR) Value Traded (QAR Mn) Qatar General Insurance & Reins. Co. 39.00 (4.9%) 140,750 Qatari Investors Group 61.90 (2.4%) 5,055,378 9.76 (2.1%) 22,545 Medicare Group 98.90 (1.1%) 11,283,182 Masraf Al Rayan 43.10 (1.0%) 19,691,283 Worst Return Performers Qatar Oman Investment Co. Most Active Stocks by Volume Vodafone Qatar Price Daily Volume (QAR) % Chg (Shares) No. of Trades DTD MTD YTD-17 Chg % Chg % Chg % Chg 10,461.81 33.28 0.3% (2.2%) 0.2% 560,479 2,524 0.5% (3.0%) (0.4%) 4.4% 5,793,247 Vodafone Qatar 0.7% 1,985,921 Qatar National Bank 8.60 0.1% 1,155,400 Ezdan Holding Group Co. 15.90 0.0% 1,132,308 Barwa Real Estate Co. 35.45 2.2% 550,269 Average Daily Today's DTD DTD Value Chg % Chg YTD-17 YTD-16 15,697 2,443 18.4% 10,881 391 57 17.2% 375 326 5,043 328 7.0% 4,300 4,868 Most Active Stocks by Value 9.57 Qatar First Bank DTD Value Market Breadth 14.30 Mazaya Qatar R.E Development Co. Closing 24 13 Price (QAR) 9,760 7 Daily Value % Chg (QAR Mn) 9.57 4.4% 55.0 147.00 0.7% 54.1 Mazaya Qatar R.E Development Co. 14.30 0.7% 28.7 Islamic Holding Group 68.20 4.9% 27.1 Masraf Al Rayan 43.10 (1.0%) 19.7 Source: KAMCO Research 7
8. KAMCO Research Bahrain Bourse Daily Report March 29 , 2017 Sector Returns Index Performance relative to Volume 200 1,500 Market Cap. DTD MTD YTD (BHD Mn) % Chg % Chg % Chg 8,002 (0.4%) 0.1% 10.8% Commercial Banks 3,860 (0.7%) 1.4% 14.5% Investment 2,282 (0.7%) (5.8%) 10.9% 160 Bahrain All Share Index 1,400 140 1,300 120 100 80 1,200 Vol. Traded (Mln. Shares) 180 60 40 1,100 20 Insurance 146 1.6% 1.6% 3.4% Service 984 (0.1%) (3.4%) (2.1%) Hotel & Tourism 163 0.0% (3.1%) (5.6%) Industrial 568 2.6% 30.7% 19.8% Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 Sep-16 Aug-16 Jul-16 Jun-16 May-16 Apr-16 0 Mar-16 1,000 Bahrain Bourse Top Movers and Most Active Stocks Trading Indicators Price Daily Value (BHD) % Chg (BHD) Bahrain National Holding Co. 0.420 5.0% 2,100 Aluminum Bahrain 0.382 2.7% 47,032 AlKhaleeji Commercial Bank 0.118 0.9% 43,029 Best Return Performers Market Return Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg Bahrain All Share Index 1,377.56 (5.15) (0.4%) 2.1% 12.9% Market Cap (BHD Mln) 8,002.07 (28.80) (0.4%) 0.1% 10.8% DTD DTD Trading Indicators Today's Value Volume ('000 Shares) Price Daily Value (BHD) % Chg (BHD) Value Traded (BHD '000) Nass Corporation 0.122 (3.9%) 21,640 No. of Trades Gulf Finance House (USD) 0.705 (2.8%) 2,658 Bahrain Car Park Co. 0.145 (2.7%) 14,500 Ahli United Bank (USD) 0.840 (1.2%) 72,538 Al Salam Bank 0.101 (1.0%) 4,234 Worst Return Performers Price Daily Volume (BHD) % Chg (Shares) AlKhaleeji Commercial Bank 0.118 0.9% 360,000 Aluminum Bahrain 0.382 2.7% 332,297 Ahli United Bank (USD) 0.840 (1.2%) 226,644 Nass Corporation 0.122 (3.9%) Bahrain Telecommunications Co. 0.276 0.0% Most Active Stocks by Volume Average Daily Chg % Chg YTD-17 YTD-16 1,537 (1,757) (53.3%) 5,087 1,494 311 (99) (24.2%) 1,075 309 81 (3) (3.6%) 90 40 Market Breadth 3 5 33 Price Daily Value (BHD) % Chg (BHD) Ahli United Bank (USD) 0.840 (1.2%) 72,538 Bahrain Duty Free Complex 0.840 0.0% 54,600 Aluminum Bahrain 0.382 2.7% 47,032 180,000 AlKhaleeji Commercial Bank 0.118 0.9% 43,029 100,867 Bahrain Telecommunications Co. 0.276 0.0% 27,802 Most Active Stocks by Value Source: KAMCO Research 8
9. KAMCO Research Muscat Securities Market Daily Report March 29 , 2017 Sector Returns 6,600 200 Market Cap. DTD MTD YTD 6,400 180 (OMR Mn) % Chg % Chg % Chg 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 Muscat Securities Mkt 6,148 (0.2%) (4.0%) (4.4%) Financial 2,639 (0.2%) (8.4%) (6.7%) 940 (0.1%) (0.9%) (0.5%) 2,569 (0.2%) (0.1%) (3.4%) 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 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 Sep-16 Aug-16 Apr-16 Jul-16 0 Jun-16 4,800 May-16 20 Mar-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 Madina Investment company 0.069 1.5% 175,780 MSM 30 Index 5,543.09 (60.71) (1.1%) (4.1%) (4.1%) Al Anwar Holding 0.202 1.0% 377,070 Market Cap (OMR Mn) 6,147.72 (9.95) (0.2%) (4.0%) (4.4%) Bank Sohar 0.148 0.7% 90,080 Oman Investment & Finance Co. 0.230 0.4% 11,500 Best Return Performers Trading Indicators Worst Return Performers Volume ('000 Shares) Price Daily Value (OMR) % Chg (OMR) Value Traded (OMR '000) No. of Trades Al Madina Takaful 0.086 (5.5%) 87,820 Ooredoo 0.532 (1.5%) 48,900 Voltamp Energy 0.548 (1.4%) 6,080 Oman United Insurance 0.416 (1.0%) 84,570 Bank Muscat 0.382 (0.5%) 2,081,800 Average Daily Today's DTD DTD Value Chg % Chg YTD-17 YTD-16 14,167 4,971 54.1% 9,993 14,371 3,791 973 34.5% 3,489 3,709 598 142 31.1% 569 747 Market Breadth 4 6 Price Daily Volume (OMR) % Chg (Shares) Bank Muscat 0.382 (0.5%) 5,415,834 Bank Muscat 0.382 (0.5%) Al Madina Investment company 0.069 1.5% 2,543,169 Oman Telecom Co. 1.420 0.0% 402.1 Al Anwar Holding 0.202 1.0% 1,867,418 Al Anwar Holding 0.202 1.0% 377.1 Al Jazeera Steel Products Co. 0.208 0.0% 1,116,240 Al Jazeera Steel Products Co. 0.208 0.0% 232.4 Al Madina Takaful 0.086 (5.5%) 1,022,328 Al Madina Investment company 0.069 1.5% 175.8 Most Active Stocks by Volume Most Active Stocks by Value Price 31 (OMR) Daily Volume % Chg (OMR'000) 2,081.8 Source: KAMCO Research 9
10. KAMCO Research The Egyptian Exchange Daily Report March 29 , 2017 (The bulletin covers the top 60 companies by Mkt. Cap out of 336 listed companies) Index Performance relative to Volume Sector Returns 14,000 500 Market Cap. (EGP Mn) 13,500 13,000 12,500 400 12,000 350 11,000 10,500 300 10,000 9,500 250 9,000 200 8,500 Volume Traded (Mn Shrs) 11,500 EGX 30 Index DTD % Chg MTD % Chg MTD % Chg 5.4% 450 The Egyptian Exchange 425,231 0.4% 9.9% Banking & Finance 133,298 0.0% 6.4% 6.9% Basic Resources 25,121 0.8% 33.7% 19.1% Chemical 21,608 0.3% 11.6% 17.4% Construction & Material 34,151 1.9% 12.5% 1.2% Financial Services 30,274 0.2% 15.8% 4.2% 9,749 2.8% 15.8% 25.1% 20.8% Food & Beverage Healthcare & Pharma. Ind. Goods,Services, Auto. Media 8,000 150 8,388 (0.2%) 3.7% 23,708 (0.1%) 9.0% 9.7% 567 0.0% 10.3% (10.5%) 7,500 Oil & Gas 8,855 (0.1%) 6.8% 39.0% 7,000 Personal & Household 20,701 0.7% 4.6% (10.3%) Real Estate 41,068 (0.2%) 11.6% 3.2% Telecommunication 64,489 1.2% 8.0% (5.1%) 3,255 0.1% 3.7% 0.6% 100 6,500 6,000 50 Travel & Leisure 5,500 0 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 Sep-16 Aug-16 Jul-16 Jun-16 Apr-16 May-16 Mar-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 Egyptian Co. for Mobile Services (MobiNil) 91.89 8.8% EGX 30 Index Aluminium Co. of Egypt 36.50 7.2% Market Cap (EGP Mn) National CementCo. - Egypt 8.09 7.0% Tourah cement Co. 9.71 6.4% 31.34 5.5% Best Return Performers National Bank of Kuwait - Egypt - NBK MTD YTD-17 % Chg % Chg % Chg 12,982.66 13.02 0.1% 8.8% 5.2% 425,231 1,651 0.4% 9.9% 5.4% Today's DTD DTD Value Chg % Chg YTD-17 YTD-16 (22.32) (15.0%) 187 114 664 (187.2) (22.0%) 1,091 368 16,277 (5,106) (23.9%) 21,278 13,543 Daily Value Traded (EGP Mn) El Kahera Housing 13.99 (5.5%) No. of Trades Credit Agricole Egypt 36.01 (3.9%) Alexandria Spinning & Weaving (SPINALEX) 1.26 (3.1%) Egyptians Housing Dev. & Reconstruction 3.45 (2.0%) 13.88 (2.0%) Price Volume Market Breadth 24 Most Active Stocks By Value (EGP) ('000 Shrs) 23 Price (EGP) Amer Group Holding 0.31 38,146 Egyptian Financial Group-Hermes Hldg Co. Citadel Capital 1.12 28,918 T M G Holding Egyptian Financial Group-Hermes Hldg Co. Average Daily 126 % Chg Most Active Stocks By Volume DTD Chg Volume (Mn Shares) Price Egyptian Financial & Industrial DTD Value Trading Indicators (EGP) Worst Return Performers Closing Market Return 26.50 7,334 Pioneers Holding Co. T M G Holding 9.07 6,760 Alexandria Mineral Oils Co. Arab Cotton Ginning 4.87 6,367 Citadel Capital 13 Daily Value % Chg (EGP Mn) 26.50 0.04% 194.32 9.07 0.55% 61.30 10.12 (0.69%) 35.45 102.84 (0.14%) 33.55 1.12 0.00% 32.28 Source: KAMCO Research 10
11. KAMCO Research Amman Stock Exchange Daily Report (1st Market) Sector Returns 1,975 3 1,925 0 Apr-16 Vol. Traded (Mln. Shares) 6 Market Cap. (JD Mn) Mar-17 2,025 Feb-17 9 Jan-17 2,075 Dec-16 12 Nov-16 2,125 Oct-16 15 Sep-16 2,175 Aug-16 18 Jul-16 2,225 Jun-16 21 May-16 2,275 Mar-16 ASE Index Value Index Performance relative to Volume March 29, 2017 DTD % Chg MTD % Chg YTD % Chg 14,254 10,479 112 183 289 25 273 129 96 466 8 609 67 80 17 8 14 68 811 357 0.2% (0.2%) (0.1%) 1.4% 2.2% (4.3%) 0.2% 0.5% 0.0% 0.7% 2.6% 1.4% 0.1% (2.0%) (0.2%) 0.0% 0.0% 0.2% 0.7% 5.8% 2.4% 2.1% (1.1%) 5.1% 8.3% 4.7% (3.0%) (0.0%) (2.8%) (0.8%) (1.3%) 2.3% 0.2% 0.6% (5.1%) 0.0% (0.4%) (1.1%) 1.7% 32.2% 7.0% 8.3% (0.8%) 10.1% 20.1% (1.7%) (2.3%) (0.9%) 5.3% (0.7%) (14.1%) (0.5%) 1.0% 2.0% (12.1%) 0.0% 1.9% 2.5% 4.3% 15.5% Engineering & Construction 49 1.2% 5.1% 4.2% Electrical Industries 14 5.4% (3.3%) (11.4%) Textiles , Leathers & Clothings 95 (0.4%) (2.0%) (5.2%) 6 0.0% 0.0% 0.0% Amman Stock Exchange Banks Insurance Diversified Financial Services Real Estate Health Care Services Educational Services Hotels and Tourism Transportation Technology & Communications Media Utilities & Energy Commercial Services Pharmaceutical & Medical Ind. Chemical Industries Paper & Cardboard Industries Printing & Packaging Food & Beverages Tobacco & Cigarettes Mining & Extraction Industries Glass & Ceramic Industries Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Top Movers and Most Active Stocks Trading Indicators Price Daily (JD) % Chg MIDDLE EAST SPECIALIZED CABLES CO. 0.09 12.5% UNION TOBACCO & CIGARETTE INDUSTRIES 5.04 7.5% JORDAN PHOSPHATE MINES 2.45 7.5% AKARY FOR INDUSTRIES & REAL ESTATE INV. 1.92 4.9% UNION LAND DEVELOPMENT CORP. 3.04 4.8% Best Return Performers Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 2,246.88 7.42 0.3% 1.5% 3.5% 14,253.58 23.31 0.2% 2.4% 7.0% Market Return ASE Index Market Cap (JD Mn) Average Daily Today's DTD DTD Value Chg % Chg YTD-17 Trading Indicators Price Daily (JD) % Chg AL-BILAD MEDICAL SERVICES 0.95 (5.0%) JORDAN WOOD INDUSTRIES / JWICO 0.83 (4.6%) EL-ZAY READY WEAR MANUFACTURING 0.43 (4.4%) PREMIER BUSINESS AND PROJECTS CO. 2.09 (3.7%) JORDANIAN PHARMACEUTICAL MANUFACTURING 0.55 (3.5%) Worst Return Performers Most Active Stocks By Volume UNION INVESTMENT CORPORATION Price Volume (JD) ('000 Shrs) 1.38 983 Volume ('000 Shares) Value Traded (JD '000) No. of Trades Market Breadth Most Active Stocks By Value AL-EQBAL INVESTMENT CO. YTD-16 6,166 2,199 55.4% 3,801 5,897 10,942 4561 71.5% 4,897 34,407 2,987 674 29.1% 49 2,625 22 61 Price Daily Value (JD) % Chg (JD) 24.50 0.0% 2,033,445 36 JORDAN STEEL 0.49 648 UNION INVESTMENT CORPORATION 1.38 4.5% 1,355,911 JORDAN PHOSPHATE MINES 2.45 544 JORDAN PHOSPHATE MINES 2.45 7.5% 1,306,314 SPECIALIZED INVESTMENT COMPOUNDS 1.11 448 UNION LAND DEVELOPMENT CORP. 3.04 4.8% 901,592 NATIONAL CABLE & WIRE MANUFACTURING 0.34 333 ARAB BANK $USD 6.87 0.3% 783,539 Source: KAMCO Research 11
12. KAMCO Research Tunisia Stock Exchange Daily Report March 29 , 2017 Index Performance relative to Volume Sector Returns 5,800 4,500 Market Cap. DTD MTD YTD (DT Mn) % Chg % Chg % Chg 17,612 (0.2%) (1.5%) 1.8% 7,656 0.1% (1.5%) 1.3% 3,500 Tunisia Index 5,600 5,500 2,500 Vol. Traded ('000. Shares) 5,700 5,400 1,500 5,300 Mar/17 Jan/17 Feb/17 Dec/16 Nov/16 Oct/16 Sep/16 Aug/16 Jul/16 Jun/16 May/16 Apr/16 500 Mar/16 5,200 Tunis Stock Exchange Banking Insurance 688 0.0% 0.7% 5.1% Leasing 626 (6.8%) (7.4%) (7.9%) Financial Services 1,578 0.8% (1.9%) 2.7% Industrial 1,195 (0.0%) (0.7%) (3.9%) (16.3%) Chemical Industry 386 (0.5%) (0.4%) Food & Beverage 2,769 (0.1%) 1.0% 5.8% Retailing 1,392 (0.4%) (3.3%) (3.1%) Others 1,323 0.0% (3.7%) 17.9% 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 Electrostar 3.74 5.9% Tunisia Index Société Générale Industrielle de Filtration 1.64 5.1% Market Cap (DT Mln) Amen Bank 22.50 3.7% Attijari Leasing Company 20.30 3.0% 8.02 3.0% Best Return Performers Société Tunis. de Trans. des Hydro. par Pipelines Worst Return Performers Société Chimique Alkimia DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 5,562.70 (7.67) (0.1%) (0.8%) 1.3% 17,612 (35.77) (0.2%) (1.5%) 1.8% Trading Indicators Today's DTD DTD Value Chg % Chg Volume ('000 Shares) Average Daily YTD-17 YTD-16 458 221.2 93.5% 431 680 Price Daily (DT) % Chg Value Traded ('000 DT) 2,390 950 65.9% 3,059 4,835 42.20 (3.0%) No. of Trades 1,192 457.0 62.2% 989 1,455 Universal Auto Distributors Holding 3.94 (3.0%) CELLCOM 5.15 (2.6%) SOPAT 1.14 (2.6%) Société Immobilière Tuniso-Séoudienne 1.93 (2.5%) Price Volume (DT) (Shares) Tunisie Profilés Aluminium 2.85 59,934 Société Moderne de Céramique 1.35 Société Tunis. d'Entreprises de Télécom. 3.40 SOPAT L'Accumulateur Tunisien ASSAD Most Active Stocks By Volume Closing Market Return Market Breadth 13 23 30 Price Daily Value (DT) % Chg (DT '000) Société d’Articles Hygiéniques 12.80 0.5% 272 53,714 Union Internationale de Banques 18.80 0.0% 252 41,966 Tunisie Profilés Aluminium 2.85 0.0% 171 1.14 27,635 L'Accumulateur Tunisien ASSAD 6.15 2.5% 152 6.15 25,400 Société Tunis. d'Entreprises de Télécom. 3.40 2.4% 143 Most Active Stocks By Value Source: KAMCO Research 12
13. KAMCO Research Beirut Stock Exchange Daily Report March 29 , 2017 Sector Returns Index Performance relative to Volume 6,000 1,250 Market Cap. DTD MTD YTD (USD Mn) % Chg % Chg % Chg Beirut Stock Exchange 12,353 0.1% (0.2%) 4.1% Banking 10,582 (0.1%) 0.4% 7.3% 250 0.0% (6.7%) (1.4%) 35 0.0% 0.0% 0.0% 1,486 1.2% (3.2%) (13.6%) 1,240 1,230 1,220 Blom Stock Index 1,200 1,190 1,180 1,170 3,000 1,160 1,150 1,140 1,130 Vol. Traded ('000. Shares) 4,500 1,210 Industrial Trading Real Estate & Construction Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector 1,500 1,120 1,110 Mar-17 Jan-17 Feb-17 Dec-16 Dec-16 Oct-16 Nov-16 Sep-16 Jul-16 Aug-16 Jun-16 Jun-16 Apr-16 May-16 1,090 Mar-16 1,100 0 Trading Indicators Top Movers and Most Active Stocks Best Return Performers Price Daily (USD) % Chg Market Return Solidere B 9.03 2.3% Blom Stock Index Byblos Bank 1.74 0.6% Market Cap (USD Mn) Solidere A 8.99 0.6% 11.99 0.3% BLOM Bank BLOM Bank GDR Worst Return Performers Bank Audi 12.80 0.2% Price Daily (USD) % Chg 6.64 (0.9%) Trading Indicators Volume ('000s shares) Value Traded ('000s USD) Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 1,226.30 (4.67) (0.4%) (0.3%) 1.1% 12,353.35 10.49 0.1% (0.2%) 4.1% Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 938.10 867 1,224.8% 170 662 14,138.90 13,314 1,614.1% 1,669 2,878 Market Breadth 5 Most Active Stocks by Volume Price Volume (USD) (Shares) Most Active Stocks by Value 1 29 Price Daily Value (USD) % Chg (USD) Bank Of Beirut 18.80 816,963 Bank Of Beirut 18.80 0.0% BLOM Bank 11.99 26,372 BLOM Bank 11.99 0.3% 315,797 BLOM Bank GDR 12.80 23,800 BLOM Bank GDR 12.80 0.2% 304,640 Byblos Bank 1.74 23,000 Solidere B 9.03 2.3% 171,657 Solidere B 9.03 19,019 Solidere A 8.99 0.6% 166,484 13,071,408 Source: KAMCO Research 13
14. KAMCO Research Casablanca Stock Exchange Daily Report March 29 , 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 530,156 0.1% (3.0%) (1.5%) Banking 191,533 0.4% (0.8%) (3.0%) Beverages 3,075 (2.9%) 9.4% 7.1% Chemicals 833 (1.7%) (8.7%) 112.2% Construction & Bldg. Material 71,986 (0.8%) (9.8%) (7.2%) Distributors 10,802 (0.2%) (2.3%) 1.3% 355 0.0% (1.6%) 6.8% Electricity 18,868 3.2% (0.0%) 3% Food Producers & Processors 19,333 0.1% 2.7% 6.8% Electrical & Electronic Equip. Holding Companies 2,548 1.4% (3.0%) 0.3% 23,820 (2.8%) (3.0%) (0.7%) Investment & other Finance 3,849 0.1% (0.2%) 5.2% Leisures & Hotel 1,660 1.7% (5.8%) (1.6%) Insurance 10,500 8000 10,250 10,000 6000 9,750 4000 9,500 9,250 2000 Materials, Software & Computer 1,329 (0.0%) 9.4% 9.5% Mining 18,369 (0.2%) 4.5% 16.0% Oil & Gas 10,802 0.0% 1.6% 1.8% Real Estate 24,829 2.7% (3.2%) 8.8% 120,700 (0.1%) (5.4%) (3.3%) 899 1.1% 15.1% 20.4% 4,488 0.0% 0.2% 3.9% 77 2.7% (8.6%) 18.4% YTD-17 Telecommunications 9,000 Transport 0 Utilities Mar/17 Jan/17 Feb/17 Dec/16 Nov/16 Oct/16 Sep/16 Aug/16 Jul/16 Jun/16 May/16 Apr/16 Mar/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 Douja Prom Addoha Trading Indicators Price Daily (MAD) % Chg 46.60 4.3% MASI Index 799.90 3.2% MADEX Index 29.89 2.7% Market Cap (MAD Mn) Alliances Developpement Immobilier 159.00 1.9% Risma 115.90 1.7% TAQA MOROCCO Med Paper Closing DTD DTD MTD Value Chg % Chg % Chg % Chg 11,560.49 43.10 0.4% (3.1%) (0.7%) 9,422.20 39.45 0.4% (3.5%) (1.3%) 530,156 0.52 0.1% (3.0%) (1.5%) Market Return Trading Indicators Worst Return Performers Price Daily (MAD) % Chg Volume ('000 Shares) Value Traded (MAD Mn) Wafa Assurances 4,500.00 (4.2%) Les Eaux Minerales d Oulmes 1,553.00 (2.9%) Ciments Du Maroc 1,311.00 (2.9%) Miniere Touissit 1,275.00 (1.9%) 347.00 (1.7%) Societe Nationale d'Electrolyse et de Petrochimie Most Active Stocks By Volume Price Volume (MAD) (Shrs) Market Breadth Most Active Stocks By Value Douja Prom Addoha Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 516.92 378.0 272.2% 933 516 35.87 20.88 139.4% 80 70 13 10 Price (MAD) 18 Daily Value % Chg (MAD Mn) Douja Prom Addoha 46.60 309,239 46.60 4.3% 7.22 Itissalat Al-Maghrib 137.30 44,705 Comp Suc Maroc Et De Raff 369.00 0.0% 4.77 Alliances Developpement Immobilier 159.00 43,530 Alliances Developpement Immobilier 159.00 1.9% 3.47 Comp Suc Maroc Et De Raff 369.00 25,930 Itissalat Al-Maghrib 137.30 (0.1%) 3.07 Banque Marocaine Du Commerce Exterieur 202.50 20,560 Miniere Touissit 1,275.00 (1.9%) 2.13 Source: KAMCO Research 14
15. KAMCO Research Damascus Securities Exchange Daily Report March 29 , 2017 Index Performance relative to Volume Sector Returns 3,200 3,200 3,100 3,000 3,000 2,800 2,600 2,700 2,400 2,600 DTD MTD MTD (SRY Mn) % Chg % Chg % Chg 326,147 0.2% 30.9% 85.7% 2,200 2,500 2,000 2,400 303,456 0.1% 32.2% 92.1% 2,300 1,800 2,200 1,600 2,100 1,400 2,000 1,200 1,900 1,800 1,000 1,700 800 1,600 600 1,500 Damascus SE Vol. Traded ('000. Shares) 2,900 DSE TRW Index Market Cap. 2,800 Banking Services 1,493 0.0% 1.1% 1.1% Industrial 7,200 0.0% (6.7%) (1.4%) Insurance 13,469 2.5% 34.9% 61.0% 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 400 1,400 Mar-17 Jan-17 Feb-17 Dec-16 Nov-16 Oct-16 Sep-16 Aug-16 Jul-16 Jun-16 May-16 0 Apr-16 200 1,200 Mar-16 1,300 Trading Indicators Top Movers and Most Active Stocks Closing DTD DTD MTD YTD-17 Value Chg. % Chg. % Chg. % Chg. 5.36 0.2% 30.8% 85.7% 581 0.2% 30.9% 85.7% Best Return Performers Price (SRY) Daily % Chg Al-Aqeelah Takaful Insurance 347.49 4.90% DSE Weighted Index 3,003.01 Syria Gulf Bank 243.18 4.82% Market Cap (SRY Mn) 326,147 Market Return Trading Indicators Worst Return Performers Price (SRY) Daily % Chg Syria International Islamic Bank 421.87 (1.3%) Qatar National Bank Syria 432.71 (0.5%) Al Baraka Bank - Syria 575.98 (0.2%) Cham Bank 436.24 (0.0%) 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 Today's DTD DTD Value Chg. % Chg. Average Daily YTD-17 YTD-16 143,470 50,320 54.0% 202,522 4,305 49,973 8,369 20.1% 53,865 14,294 130 23 21.5% 120 57.9 2 4 Price (SRY) 18 Daily % Chg Value (SRY) 20,112,046 Al-Aqeelah Takaful Insurance 347.49 57,878 Al-Aqeelah Takaful Insurance 347.49 4.9% Syria Gulf Bank 243.18 40,995 Syria Gulf Bank 243.18 4.8% 9,969,032 Qatar National Bank Syria 432.71 20,400 Qatar National Bank Syria 432.71 (0.5%) 8,827,278 Syria International Islamic Bank 421.87 11,891 Syria International Islamic Bank 421.87 (1.3%) 5,016,470 Cham Bank 436.24 6,930 Cham Bank 436.24 (0.0%) 3,023,163 Source: KAMCO Research 15
16. Disclaimer & Important Disclosures KAMCO is authorized and fully regulated by the Capital Markets Authority ("CMA, Kuwait") and partially regulated by the Central Bank of Kuwait (“CBK”) This document is provided for informational purposes only. Nothing contained in this document constitutes investment, an offer to invest , legal, tax or other advice or guidance and should be disregarded when considering or making investment decisions. In preparing this document, KAMCO did not take into account the investment objectives, financial situation and particular needs of any particular person. Accordingly, before acting on this document, investors should independently evaluate the investments and strategies referred to herein and make their own determination of whether it is appropriate in light of their own financial circumstances and objectives. The entire content of this document is subject to copyright with all rights reserved. This research and the information contained herein may not be reproduced, distributed or transmitted in Kuwait or in any other jurisdiction to any other person or incorporated in any way into another document or other material without our prior written consent. Analyst Certification Each of the analysts identified in this report certifies, with respect to the sector, companies or securities that the individual analyses, that (1) the views expressed in this report reflect his or her personal views about all of the subject companies and securities and (2) no part of his or her compensation was, is or will be directly or indirectly dependent on the specific recommendations or views expressed in this report. KAMCO Ratings KAMCO investment research is based on the analysis of regional and country economics, industries and company fundamentals. KAMCO company research reflects a long-term (12-month) target price for a company or stock. The ratings bands are:    Outperform: Target Price represents expected returns >= 10% in the next 12 months Neutral: Target Price represents expected returns between -10% and +10% in the next 12 months Underperform: Target Price represents an expected return of <-10% in the next 12 months In certain circumstances, ratings may differ from those implied by a fair value target using the criteria above. KAMCO policy is to maintain up-to-date fair value targets on the companies under its coverage, reflecting any material changes to the analyst’s outlook on a company. Share price volatility may cause a stock to move outside the rating range implied by KAMCO’s fair value target. Analysts may not necessarily change their ratings if this happens, but are expected to disclose the rationale behind their view to KAMCO clients. Any terms and conditions proposed by you which are in addition to or which conflict with this Disclaimer are expressly rejected by KAMCO and shall be of no force or effect. The information contained in this document is based on current trade, statistical and other public information we consider reliable. We do not represent or warrant that such information is fair, accurate or complete and it should not be relied upon as such. KAMCO has no obligation to update, modify or amend this document or to otherwise notify a recipient thereof in the event that any opinion, forecast or estimate set forth herein, changes or subsequently becomes inaccurate. The publication is provided for informational uses only and is not intended for trading purposes. The information on publications does not give rise to any legally binding obligation and/or agreement, including without limitation any obligation to update such information. You shall be responsible for conducting your own investigation and analysis of the information contained or referred to in this document and of evaluating the merits and risks involved in the securities forming the subject matter of this or other such document. Moreover, the provision of certain data/information in the publication may be subject to the terms and conditions of other agreements to which KAMCO is a party. Nothing in this document should be construed as a solicitation or offer, or recommendation, to acquire or dispose of any investment or to engage in any other transaction, or to provide any investment advice or service. This document is directed at Professional Clients and not Retail Clients within the meaning of CMA rules. Any other persons in receipt of this document must not rely upon or otherwise act upon it. Entities and individuals into whose possession this document comes are required to inform themselves about, and observe such restrictions and should not rely upon or otherwise act upon this document where it is unlawful to make to such person such an offer or invitation or recommendation without compliance with any authorization, registration or other legal requirements. Risk Warnings Any prices, valuations or forecasts are indicative and are not intended to predict actual results, which may differ substantially from those reflected. The value of an investment may go up as well as down. The value of and income from any investment may fluctuate from day to day as a result of changes in relevant economic markets (including, without limitation, foreseeable or unforeseeable changes in interest rates, foreign exchange rates, default rates, prepayment rates, political or financial conditions, etc.). Past performance is not indicative of future results. Any opinions, estimates, valuations or projections (target prices and ratings in particular) are inherently imprecise and a matter of judgment. They are statements of opinion and not of fact, based on current expectations, estimates and projections, and rely on beliefs and assumptions. Actual outcomes and returns may differ materially from what is expressed or forecasted. There are no guarantees of future performance. Certain transactions, including those involving futures, options, and other derivatives, give rise to substantial risk and are not suitable for all investors. This document does not propose to identify or to suggest all of the risks (direct or indirect) which may be associated with the investments and strategies referred to herein. Conflict of Interest KAMCO and its affiliates provide full investment banking services, and they and their directors, officers and employees, may take positions which conflict with the views expressed in this document. Salespeople, traders, and other professionals of KAMCO may provide oral or written market commentary or trading strategies to our clients and our proprietary trading desks that reflect opinions that are contrary to the opinions expressed in this document. Our asset management area, our proprietary trading desks and investing businesses may make investment decisions that are inconsistent with the recommendations or views expressed in this document. KAMCO may have or seek investment banking or other business relationships for which it will receive compensation from the companies that are the subject of this document. Facts and views presented in this document have not been reviewed by, and may not reflect information known to, professionals in other KAMCO business areas, including investment banking personnel. United Gulf Bank, Bahrain owns majority of KAMCO’s shareholding and this ownership may create, or may create the appearance of, conflicts of interest. No Liability & Warranty KAMCO makes neither implied nor expressed representations or warranties and, to the fullest extent permitted by applicable law, we hereby expressly disclaim any and all express, implied and statutory representations and warranties of any kind, including, without limitation, any warranty as to accuracy, timeliness, completeness, and fitness for a particular purpose and/or non-infringement. KAMCO will accept no liability in any event including (without limitation) your reliance on the information contained in this document, any negligence for any damages or loss of any kind, including (without limitation) direct, indirect, incidental, special or consequential damages, expenses or losses arising out of, or in connection with your use or inability to use this document, or in connection with any error, omission, defect, computer virus or system failure, or loss of any profit, goodwill or reputation, even if expressly advised of the possibility of such loss or damages, arising out of or in connection with your use of this document. We do not exclude our duties or liabilities under binding applicable law. KAMCO Investment Company
17. KAMCO Investment Company - K .S.C. (Public) Al-Shaheed Tower, Khalid Bin Al-Waleed Street- Sharq P.O. BOX : 28873, Safat 13149, State of Kuwait Tel: (+965) 1852626 Fax: (+965) 22492395 Email : Kamcoird@kamconline.com Website : http://www.kamconline.com KAMCO Investment Company