MENA Markets Daily Report - 4 February

Transcription

1. KAMCO Research MENA Markets Daily Report Country February 4 , 2018 Benchmark Index Value DTD Change YTD 2018 FY 2017 MENA Countries Kuwait Price Index ▼ 6,685.23 (0.0%) 4.3% 11.5% Kuwait …………………………………. 2 Kuwait Weighted Index ▲ 412.82 0.2% 2.8% 5.6% Saudi Arabia ………………………. 3 Kuwait KSX 15 Index ▲ 943.58 0.3% 3.1% 3.4% UAE - Dubai …………………………. 4 Saudi Arabia TADAWUL All Share Index ▲ 7,656.07 0.1% 5.9% 0.2% UAE - Nasdaq Dubai……… 5 UAE - Dubai DFM General Index ▲ 3,412.26 0.5% 1.3% (4.6%) UAE - Abu Dhabi …………………… 6 UAE - Nasdaq Dubai FTSE NASDAQ Dubai UAE 20 Index ▲ 3,436.45 0.6% 1.0% (0.2%) Qatar …………………………………… 7 UAE - Abu Dhabi ADX General Index ▲ 4,612.33 0.2% 4.9% (3.3%) Bahrain ………………………………… 8 Qatar QE 20 Index ▲ 9,207.01 0.0% 8.0% (18.3%) Oman …………………………………… 9 Bahrain Bahrain All Share ▲ 1,357.68 0.5% 1.9% 9.1% Egypt …………………………………. 10 Oman MSM 30 Index ▲ 5,035.23 0.7% (1.3%) (11.8%) Jordan…………………………… 11 Egypt EGX 30 ▲ 15,088.66 0.3% 0.5% 21.7% Tunisia …………………………………. 12 Jordan ASE Index ▲ 2,196.86 0.2% 3.3% (2.0%) Lebanon ………………………………. 13 Lebanon Blom Stock Index ▼ 1,173.86 (0.1%) 2.2% (5.3%) Morocco……………………….. 14 Tunisia Tunisia Index ▲ 6,515.70 0.9% 3.7% 14.4% Syria ……………………………… 15 Morocco MASI ▲ 13,280.76 0.0% 7.2% 6.4% Syria DSE Weighted Index ▲ 5,984.77 1.1% 0.0% 269.9% SSE Composite Index ▲ 3,462.08 0.4% 4.7% 6.6% In this Report… Emerging Markets China Russia RUSSIAN RTS INDEX ($) ▼ 1,272.76 (1.6%) 10.3% 0.2% India SENSEX ▼ 35,066.75 (2.3%) 3.0% 27.9% Brazil BOVESPA Stock Index ▼ 84,041.34 (1.7%) 10.0% 26.9% Mexico BOLSA Index ▼ 50,395.84 (0.4%) 2.1% 8.1% Korea KOSPI Index ▼ 2,525.39 (1.7%) 2.3% 21.8% Taiwan TAIEX Index ▼ 11,126.23 (0.3%) 4.5% 15.0% Global Markets Investment Research Department kamcoird@kamconline.com P.O.Box 28873,Safat 13149 Kuwait Tel: (965) 1852626, Extn: 1153 / 1146 Fax: (965) 22492395 http://www.kamconline.com KAMCO Investment Company - K.S.C (Public) World MSCI World Index ▼ 2,171.54 (1.9%) 3.2% 20.1% Asia MSCI Asia Pacific ▼ 182.45 (1.1%) 5.0% 28.7% Europe DJ Stoxx 600 ▼ 388.07 (1.4%) (0.3%) 7.7% Europe FTSEurofirst 300 ▼ 1,523.21 (1.4%) (0.4%) 7.1% Emerging Markets MSCI EM Index ▼ 1,230.84 (1.4%) 6.2% 34.3% U.S.A S&P 500 ▼ 2,762.13 (2.1%) 3.3% 19.4% U.S.A DJIA ▼ 25,520.96 (2.5%) 3.2% 25.1% U.S.A NASDAQ Composite ▼ 7,240.95 (2.0%) 4.9% 28.2% UK FTSE 100 ▼ 7,443.43 (0.6%) (3.2%) 7.6% Germany DAX ▼ 12,785.16 (1.7%) (1.0%) 12.5% Japan NIKKEI 225 ▼ 23,274.53 (0.9%) 2.2% 19.1% Hong Kong HANG SENG INDEX ▼ 32,601.78 (0.1%) 9.0% 36.0% Oil OPEC Crude ▲ 66.83 0.8% 3.7% 16.6% Oil Brent ▼ 68.58 (1.5%) 2.6% 14.2% Oil Kuwait ▲ 65.98 0.7% 4.1% 18.8% Natural Gas NYMEX Natural Gas (USD/MMBtu) ▼ 2.85 (0.4%) (2.1%) (20.8%) Gold Gold Spot $/Oz ▼ 1,333.39 (1.1%) 2.3% 13.5% Commodities Source: Bloomberg & KAMCO Research
2. KAMCO Research Boursa Kuwait Daily Report February 4 , 2018 Sector Weight by Market Cap Market Capitalization - Sector Returns Financial Services Technology 8% 0.1% Real Estate 7% Basic Materials 3% Consumer Goods 3% Telecom 11% Consumer Services 2% ▲ 0.2% 0.2% 2.9% ▼ (2.4%) (2.4%) 0.0% Basic Materials 850.3 ▼ (0.7%) (0.7%) 3.8% 3,380.4 ▲ 0.2% 0.2% 3.6% Consumer Goods 730.7 ▼ (0.8%) (0.8%) (3.6%) Health Care 199.9 ═ 0.0% 0.0% 1.6% Consumer Services 581.2 ▲ 0.8% 0.8% (1.7%) 6.9% Telecommunications 3,043.2 ▲ 0.1% 0.1% 14,330.7 ▲ 0.5% 0.5% 2.9% 321.8 ▼ (0.1%) (0.1%) (8.7%) Real Estate 2,096.0 ▼ (0.7%) (0.7%) 4.3% Financial Services 2,271.6 ▼ (0.0%) (0.0%) 1.0% 23.9 ▲ 0.9% 0.9% 4.0% Banks 40 Market Breadth Company Name Market Cap. P/E ROE* (Mn KWD) (X) (%) Benchmark Return Closing Value 14.0 10.6% 2- Kuwait Finance House 3,390.2 18.8 9.7% 3- Zain 2,025.1 13.1 10.6% 4- Ahli United Bank - Bahrain 1,579.8 8.7 17.0% 5- Agility (PWC Logistics) 1,153.1 17.7 6.9% 6- Boubyan Bank 1,046.4 23.0 12.5% 7- Gulf Bank 755.9 16.3 7.8% 8- Commercial Bank of Kuwait 691.5 18.5 6.0% 9- Burgan Bank 677.8 9.2 10.8% 10- Mabanee Co. 673.5 13.8 13.2% DTD 65 MTD YTD % Chg Chg % Chg % Chg (2.6) (0.0%) (0.0%) 4.3% Weighted Index 412.82 0.8 0.2% 0.2% 2.8% Kuwait 15 Index 943.58 2.8 0.3% 0.3% 3.1% Market Cap (KWD Mn) 28,032 59.2 0.2% 0.2% 2.9% Index Performance relative to Volume 450 Weighted Index 4,414.4 52 DTD 6,685.23 Price Index 1- National Bank of Kuwait YTD % Chg 202.7 Technology Top 10 Companies by Market Capitalization MTD % Chg 28,032.4 Insurance Health Care 0.7% DTD % Chg Oil & Gas Industrials Industrials 12% DTD (KWD Mn) Boursa Kuwait Oil & Gas 1% Banks 51% Market Cap. 1,200 1,100 1,000 900 800 420 700 600 500 390 Total 16,408 14.31 400 300 10.5% 200 100 Jiyad Holding Co. Kuwait & M.E. Financial Inv. Co. 0.027 0.002 6.0% Sharjah Cement Co. 0.079 0.004 5.2% Commercial Bank of Kuwait 0.420 0.020 5.0% National Mobile Telecom Co. 1.190 0.045 3.9% Today's Top % Losers Close Change Percent (KWD) (KWD) Change Credit Rating & Collection Co. 0.025 (0.004) (13.5%) Independent Petroleum Group 0.400 (0.030) (7.0%) Sanam Real Estate Co. 0.028 (0.002) (6.7%) Kuwait Financial Centre 0.104 (0.007) (6.3%) Manazel Holding Co. 0.030 (0.002) (5.6%) Feb-18 Jan-18 Dec-17 Nov-17 11.0% Oct-17 0.008 Sep-17 Change 0.085 Aug-17 Percent Jul-17 (KWD) Jun-17 Change May-17 Close (KWD) Apr-17 360 Mar-17 Top Movers and Most Active Stocks Feb-17 *: ROE is calculated based on TTM 9M-2017 net profit & shareholders' equity as of 30-September-17 Today's Top % Gainers Volume traded (shr. mil.) Insurance 1% 0 Market Trading Data and Volatility Trading Indicators Today's DTD DTD Value Chg % Chg Average Daily YTD 2018 YTD 2017 616.1 Volume (Shrs Mn) 76.5 (31.1) (28.9%) 117.0 Value Traded (KWD Mn) 10.2 (5.2) (33.7%) 14.5 53.4 3,453 (821) (19.2%) 4,208 10,296 No. of Trades Market Volatility** Volatility Since January: 2017 2016 2015 2014 2013 Price Index 11.0% 9.7% 9.2% 9.5% 10.0% Weighted Index 10.8% 10.8% 10.3% 10.3% 9.8% 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 Ithmaar Bank 0.058 3.2% 11,154,411 National Bank of Kuwait 0.746 0.8% 1,435,507 Kuwait Real Estate Co. 0.060 1.4% 4,810,521 Zain 0.468 (0.8%) 1,340,017 AL-Enma'a Real Estate Co. 0.034 (5.6%) 3,916,345 Kuwait Finance House 0.588 0.5% 1,286,698 Kuwait Business Town Real Estate Co. 0.050 (2.3%) 3,827,666 Human Soft Holding Co. 3.700 (0.2%) 774,820 Inovest 0.075 2.3% 3,483,942 Ithmaar Bank 0.058 3.2% 635,188 Source: Boursa Kuwait, KAMCO Research 2
3. KAMCO Research Saudi Tadawul Daily Report February 4 , 2018 Sector Returns Index Performance relative to Volume 7,700 500 450 Saudi Stock Exchange Energy 400 TASI Value 350 300 7,300 Vol. Traded (Mln. Shares) 7,500 Materials Capital Goods Commercial & Professional Svc Transportation Consumer Durables & Apparel Consumer Services 250 Media 200 Food & Staples Retailing Retailing 7,100 150 100 50 0 Feb-18 Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 MTD YTD % Chg % Chg % Chg 1,792,523 (0.1%) (0.1%) 5.9% 28,893 (0.2%) (0.2%) 10.4% 580,157 (0.8%) (0.8%) 5.4% 9,082 (0.2%) (0.2%) (0.5%) (1.0%) 7,707 0.1% 0.1% 13,704 (0.9%) (0.9%) 0.6% 3,211 0.1% 0.1% (2.2%) 13,401 (0.2%) (0.2%) 3.2% 5,762 1.3% 1.3% 13.2% 9.3% 0.9% 0.9% 7,198 (0.1%) (0.1%) 0.2% Food & Beverages 86,251 0.1% 0.1% (1.3%) Health Care Equipment & Svc 29,739 (0.4%) (0.4%) 10.5% 3,704 (0.3%) (0.3%) 2.8% 521,236 (0.0%) (0.0%) 10.5% Banks Diversified Financials 39,683 0.2% 0.2% 10.6% Insurance 38,755 0.2% 0.2% (2.1%) Telecommunication Services 6,700 DTD (SAR Mn) 35,279 Pharma, Biotech & Life Science 6,900 Market Cap. Utilities REITs Real Estate Mgmt & Dev't 164,041 0.3% 0.3% 7.0% 89,316 0.3% 0.3% (0.7%) 5,354 (0.1%) (0.1%) 44.5% 110,049 0.8% 0.8% (1.5%) Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Top Movers and Most Active Stocks Best Return Performers Price (SAR) Daily Trading Indicators Value Market Return Saudi Cement Co. 50.96 4.8% 11,901 Tadawul All Share Index Tourism Enterprise Co. 31.11 4.3% 24,236 Market Cap (SAR Mn) Eastern Province Cement Co. 28.05 4.2% 6,348 Northern Region Cement Co. 10.92 4.1% 31,020 Al Jouf Cement co. 10.82 3.8% 48,709 Worst Return Performers Price (SAR) Takween Advanced Industries Daily Value Trading Indicators Value Traded (SAR Mn) No. of Trades 9.57 (5.5%) 15,882 21.35 (4.8%) 39,160 Saudi Arabian Mining Co. 53.93 (4.7%) 136,168 National Medical Care Co. 48.19 (3.8%) 19,960 United International Transportation Co. 28.31 (3.7%) 34,775 MTD YTD-18 % Chg % Chg % Chg 0.1% 0.1% 5.9% (0.1%) (0.1%) 5.9% Price Daily Volume (SAR) % Chg ('000 Shrs) 7,656.07 1,792,523 5.95 (2,663.9) Average Daily Today's DTD DTD Value Chg % Chg YTD-18 184 (46.3) (20.1%) 192 281 4,218 (721.8) (14.6%) 3,596 8,581 99,209 (20,867) (17.4%) 95,196 143,065 97 Most Active Stocks By Value Alinma Bank 20.66 (0.2%) 41,171 Alinma Bank 10.07 0.5% 20,104 Saudi Basic Industries Corp Saudi Kayan 12.74 1.9% 20,013 106.83 (0.7%) 14.69 1.6% Tabuk Cement Co. DTD Chg YTD-17 Market Breadth Dar Al Arkan Real Estate Development Co. Saudi Basic Industries Corp DTD Value Volume (Mn Shares) % Chg (SAR 000's) Saudi Industrial Investment Group Most Active Stocks By Volume Closing % Chg (SAR 000's) 77 5 Price Daily Value (SAR) % Chg (SAR Mn) 20.66 (0.2%) 852.3 106.83 (0.7%) 798.2 Saudi Kayan 12.74 1.9% 254.7 7,453 Al-Rajhi Bank 75.27 1.1% 250.4 6,394 Dar Al Arkan Real Estate Development Co. 10.07 0.5% 202.8 Source: KAMCO Research 3
4. KAMCO Research Dubai Financial Market Daily Report February 4 , 2018 Sector Returns Index Performance relative to Volume 3,800 2,000 3,750 Market Cap. DTD MTD YTD (AED Mn) % Chg % Chg % Chg 3,650 1,500 Banking 3,600 Consumer Staples 3,550 3,500 1,000 3,450 3,400 3,350 3,300 Vol. Traded (Mln. Shares) DFM General Index Value 3,700 500 Investment & Financial Insurance Industrial 392,232 0.1% 0.1% 2.2% 170,151 (0.3%) (0.3%) 3.3% 7,351 (0.1%) (0.1%) 0.7% 22,506 1.0% 1.0% 0.8% 5,501 (0.2%) (0.2%) (1.4%) 3,701 0.0% 0.0% (0.5%) 131,963 0.4% 0.4% 2.9% Telecommunication 23,644 0.2% 0.2% 0.0% Transportation 22,493 0.7% 0.7% (2.9%) 4,923 (0.3%) (0.3%) 0.5% Real Estate & Construction 3,250 Services 3,200 Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector 3,150 Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 3,100 Top Movers and Most Active Stocks Best Return Performers Price YTD-2017 Top Movers and Most Active Stocks Daily Value Traded (AED) % Chg ITHMAAR HOLDING 0.851 8.1% 27,726,401 Gulf Navigation Holding 1.090 7.9% 5,061,019 Arabtec Holding P.J.S.C. 2.730 4.6% 30,750,464 Al Salam Bank - Sudan 1.820 2.8% 2,730 Int'l Financial Advisors Co. 0.380 2.7% 3,800 Worst Return Performers Price (AED) DFM General Index Market Cap (AED Mn) Trading Indicators Closing DTD DTD MTD YTD-18 Value Chg % Chg % Chg % Chg 3,412.26 17.90 0.5% 0.5% 1.3% 392,232 482 0.1% 0.1% 2.2% Today's DTD DTD Value Chg % Chg Average Daily YTD-18 YTD-17 Volume (Mn Shares) 158.8 (40.7) (20.4%) 265 837 (AED) Value Traded (AED Mn) 287.8 (82.3) (22.2%) 400 1,057 No. of Trades 3,347 (741) (18.1%) 3,631 8,916 Daily Value Traded (AED) % Chg Takaful Emarat 1.830 (6.2%) 3,660 Al Salam Bank - Bahrain 1.160 (3.3%) 4,869,635 Emirates NBD 8.800 (2.2%) 5,844,674 Deyaar Development 0.580 (1.2%) 7,798,472 National General Cooling Co. (Tabreed) 1.780 (1.1%) 10,281,697 Most Active Stocks by Volume Market Return Price Daily Volume (AED) % Chg ('000 Shrs) Market Breadth Most Active Stocks by Value 19 10 31 Price Daily Value (AED) % Chg (AED Mn) ITHMAAR HOLDING 0.851 8.1% 33,577 EMAAR Properties 6.620 0.6% 76.4 Gulf Finance House 1.470 0.7% 17,003 Arabtec Holding P.J.S.C. 2.730 4.6% 30.8 DXB Entertainments 0.639 (0.2%) 14,182 ITHMAAR HOLDING 0.851 8.1% 27.7 Deyaar Development 0.580 (1.2%) 13,382 Gulf Finance House 1.470 0.7% 25.1 Union Properties 0.980 (0.5%) 12,212 Dubai Islamic Bank 6.200 1.6% 20.9 Source: KAMCO Research 4
5. KAMCO Research as as Nasdaq Dubai Daily Report February 4 , 2018 Stock Returns Index Performance relative to Volume 3,800 25 Market Cap. 20 FTSE Nasdaq DubaiI UAE 20 Index 3,600 3,500 15 3,400 3,300 10 3,200 3,100 Vol. Traded (Mln. Shares) 3,700 DTD YTD (USD Mn) % Chg % Chg Nasdaq Dubai 45,050 0.82% 4.6% DP World 22,377 1.7% 7.8% Nasdaq, Inc. 13,523 0.0% 5.7% Hikma Pharmaceuticals GDR 6,808 0.0% (6.2%) Orascom Construction Limited 1,017 (0.7%) Al Baraka Banking Group 453 0.0% 4.7% 0.0% Emirates REIT (CEIC) Limited 312 0.1% (0.4%) ENBD REIT (CEIC) Limited 236 (0.7%) (3.0%) DEPA Limited 227 0.8% 20.3% 98 0.0% 0.0% 5 3,000 Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 0 Jan-17 2,900 BLME Holdings plc Top Movers and Most Active Stocks Trading Indicators Price Daily Value (USD) % Chg (USD) 26.96 1.7% 2,070,575 DEPA Limited 0.37 0.8% 93,500 Emirates REIT (CEIC) Limited 1.04 0.1% 412,770 Best Return Performers DP World Market Return FTSE Nasdaq Dubai UAE 20 Market Cap (USD Mn) Trading Indicators Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 3,436.45 19.36 0.6% 0.6% 3.2% 45,050 366.8 0.8% 0.8% 4.6% Today's DTD DTD Value Chg % Chg Price Daily Value Volume (Mn Shares) 1.06 0.42 (USD) % Chg (USD) Value Traded (USD Mn) 4.12 ENBD REIT (CEIC) Limited 0.96 (0.7%) 175,657 88 Orascom Construction Limited 8.64 (0.7%) 1,365,450 Worst Return Performers No. of Trades Average Daily YTD-17 YTD-16 64.8% 0.82 0.56 (2.8) (40.7%) 5.90 5.83 (98) (52.7%) 149 124 Market Breadth 3 Most Active Stocks by Volume Price Daily Volume (USD) % Chg ('000 Shrs) Most Active Stocks by Value 2 4 Price Daily Value (USD) % Chg (USD) Emirates REIT (CEIC) Limited 1.04 0.1% 396,574 DP World 26.96 1.7% 2,070,575 DEPA Limited 0.37 0.8% 250,000 Orascom Construction Limited 8.64 (0.7%) 1,365,450 ENBD REIT (CEIC) Limited 0.96 (0.7%) 182,867 Emirates REIT (CEIC) Limited 1.04 0.1% 412,770 Orascom Construction Limited 8.64 (0.7%) 158,018 ENBD REIT (CEIC) Limited 0.96 (0.7%) 175,657 26.96 1.7% 77,275 DEPA Limited 0.37 0.8% 93,500 DP World Source: KAMCO Research 5
6. KAMCO Research Abu Dhabi Securities Exchange Daily Report February 4 , 2018 Sector Returns Index Performance relative to Volume 4,800 900 Market Cap. DTD MTD YTD 800 (AED Mn) % Chg % Chg % Chg 4.7% 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 0.1% 0.4% 0.4% 7.0% 4,051 (1.0%) (1.0%) 9.5% Real Estate 21,537 0.7% 0.7% 5.3% Energy 42,124 0.4% 0.4% 0.5% 4,331 (0.5%) (0.5%) (6.6%) 4.0% Inv. & Financial Services Consumer Staples 11,277 (0.2%) (0.2%) 100 Insurance 9,700 0.1% 0.1% 3.2% 186,732 (0.2%) (0.2%) 3.7% 8,331 (0.7%) (0.7%) (2.8%) Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 0.1% Industrial 0 Jan-17 508,778 220,696 200 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 White Cement 1.06 11.6% 30,140 Methaq Takaful Insurance Co. 0.85 6.3% 6,878,395 Abu Dhabi National Co. for Bldg. Materials 0.56 3.7% 135,467 Al Khazna Insurance Co. 0.29 3.6% 89,912 Gulf Cement Co. 1.08 1.9% 158,500 Best Return Performers Market Return ADX General Index Market Cap (AED Mn) Closing DTD DTD MTD YTD-18 Value Chg % Chg % Chg % Chg 4,612.33 10.10 0.2% 0.2% 4.9% 508,778 713 0.1% 0.1% 4.7% Trading Indicators Today's DTD DTD Value Chg % Chg Price Daily Value Volume (Mn Shares) 42 (AED) % Chg (AED) Value Traded (AED Mn) 88 United Arab Bank 1.70 (9.6%) 51,000 745 National Marine Dredging Co. 3.25 (7.1%) 8,450 893,895 Worst Return Performers Arkan Building Materials Co. 0.77 (2.5%) Gulf Pharmaceutical Co. 2.30 (2.1%) 98,868 Ras Al Khaimah Cement Co. 0.75 (1.3%) 127,200 Most Active Stocks by Volume Price Daily Volume (AED) % Chg ('000 Shrs) No. of Trades Market Breadth Most Active Stocks by Value 1.2 Average Daily YTD-18 YTD-17 3.0% 57 210.0 (63.6) (42.0%) 142 584.7 (153) (17.0%) 1,058 2,594 9 10 47 Price Daily Value (AED) % Chg (AED) 28,055,365 Eshraq Properties Co. 0.75 0.0% 14,641 First Abu Dhabi Bank 11.30 0.9% Methaq Takaful Insurance Co. 0.85 6.3% 8,209 Emirates Telecom. Co. 17.75 (0.3%) 12,273,662 AL DAR Properties Co. 2.31 0.9% 4,693 Eshraq Properties Co. 0.75 0.0% 10,910,203 First Abu Dhabi Bank Sudan Telecom. Co. 11.30 0.9% 2,486 AL DAR Properties Co. 2.31 0.9% 10,799,257 0.58 0.0% 1,402 Methaq Takaful Insurance Co. 0.85 6.3% 6,878,395 Source: KAMCO Research 6
7. KAMCO Research Qatar Exchange Daily Report February 4 , 2018 Sector Returns 50 11,000 45 40 10,500 35 10,000 30 9,500 25 Vol. Traded (Mln Shares) QE 20 Index Value Index Performance relative to Volume 11,500 9,000 20 8,500 Market Cap. DTD MTD YTD (QAR Mn) % Chg % Chg % Chg Qatar Exchange 501,804 0.0% 0.0% 6.3% Banking & Finance 224,092 0.4% 0.4% 5.7% 19,964 0.0% 0.0% 9.6% Industrial 128,559 (0.5%) (0.5%) 10.1% Insurance 20,046 (0.1%) (0.1%) (2.6%) Real Estate 52,038 (0.8%) (0.8%) 2.8% Telecom 36,669 0.3% 0.3% 2.3% Transport 20,436 0.8% 0.8% 14.1% Goods & Consumer Services 15 8,000 10 Feb-18 Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 0 Apr-17 7,000 Mar-17 5 Feb-17 7,500 Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Top Movers and Most Active Stocks Trading Indicators Price Daily Value (QAR) % Chg (QAR) Qatar Navigation 67.50 3.8% 2,585,800 Qatar National Cement 68.00 3.0% 625,028 6.28 2.3% 13,535 Mannai Corporation 66.39 2.1% 532,905 Al Khaleej Commercial Bank 13.28 1.7% 762,678 Best Return Performers Qatari German Co. for Medical Devices Worst Return Performers Al Khaleej Takaful Group Qatar Electricity & Water Co. QE 20 Index Market Cap (QAR Mn) Trading Indicators Price Daily Value Volume ('000 Shares) (QAR) % Chg (QAR) Value Traded (QAR Mn) 13.25 (3.1%) 972,936.20 11,538,758 188.00 (3.1%) Islamic Holding Group 30.50 (1.9%) 121,765 Qatar Gas Transport Co. 18.49 (1.3%) 1,577,813 Ezdan Holding Group Co. 11.44 (1.2%) 1,898,732 Most Active Stocks by Volume Market Return Price Daily Volume (QAR) % Chg (Shares) No. of Trades Market Breadth Most Active Stocks by Value Closing DTD DTD MTD YTD-18 Value Chg % Chg % Chg % Chg 9,207.01 2.39 0.0% 0.0% 8.0% 501,804 51 0.0% 0.0% 6.3% Average Daily Today's DTD DTD Value Chg % Chg 3,842 (5,629) (59.4%) 11,108 101 (167) (62.4%) 269 257 2,095 (2,548) (54.9%) 4,316 3,437 17 YTD-18 18 Price (QAR) YTD-17 8,473 10 Daily Value % Chg (QAR Mn) Vodafone Qatar 7.05 0.0% 720,486 Masraf Al Rayan 40.25 (0.4%) 15.2 Masraf Al Rayan 40.25 (0.4%) 378,522 Qatar Electricity & Water Co. 188.00 (3.1%) 11.5 Qatar First Bank 7.00 (0.7%) 360,437 Qatar National Bank 135.70 0.4% 9.2 7.96 (0.5%) 238,862 The Commercial Bank of Qatar 28.44 1.6% 6.1 16.98 (0.1%) 225,066 Industries Qatar 109.70 0.1% 5.1 Mazaya Qatar R.E Development Co. United Development Co. Source: KAMCO Research 7
8. KAMCO Research Bahrain Bourse Daily Report February 4 , 2018 Sector Returns Index Performance relative to Volume 1,500 200 Market Cap. DTD MTD YTD (BHD Mn) % Chg % Chg % Chg 7,816 0.5% 0.5% 2.1% Commercial Banks 3,578 0.3% 0.3% 1.6% Investment 2,112 0.8% 0.8% 2.8% Insurance 146 0.0% 0.0% 0.2% Service 869 0.7% 0.7% 1.1% Hotel & Tourism 178 0.0% 0.0% 0.6% Industrial 934 0.8% 0.8% 4.0% 180 160 Vol. Traded (Mln. Shares) Bahrain All Share Index 1,400 140 1,300 120 100 1,200 80 60 1,100 Bahrain Bourse 40 20 Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Feb-17 Mar-17 0 Jan-17 1,000 Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Top Movers and Most Active Stocks Trading Indicators Price Daily Value (BHD) % Chg (BHD) 0.205 5.1% 1,759,475 Bahrain Telecommunications Co. 0.210 1.9% 52,771.1 Arab Banking Corporation. (USD) 0.280 1.8% 193,787 Aluminum Bahrain 0.640 0.8% 12,473 Ahli United Bank (USD) 0.715 0.7% 5,902 Best Return Performers ITHMAR Bank (USD) Market Return Closing DTD DTD MTD YTD-18 Value Chg % Chg % Chg % Chg Bahrain All Share Index 1,357.68 7.01 0.5% 0.5% 1.9% Market Cap (BHD Mln) 7,815.67 41.57 0.5% 0.5% 2.1% Trading Indicators Today's DTD Value Volume ('000 Shares) Price Daily Value (BHD) % Chg (BHD) Value Traded (BHD '000) Al Salam Bank 0.120 (0.8%) 77,880 No. of Trades Nass Corporation 0.121 (0.8%) 12,784 Worst Return Performers Chg DTD % Chg Average Daily YTD-18 YTD-17 26,450 22,622 591.0% 7,944 6,181 2,240 1,842 462.8% 1,188 1,084 101 19 23.2% 103 98 Market Breadth 5 Most Active Stocks by Volume Price Daily Volume (BHD) % Chg (Shares) ITHMAR Bank (USD) 0.205 5.1% 23,322,753 Arab Banking Corporation. (USD) 0.280 1.8% 1,828,674 Al Salam Bank 0.120 (0.8%) Bahrain Telecommunications Co. 0.210 National Bank of Bahrain 0.650 Most Active Stocks by Value 2 33 Price Daily Value (BHD) % Chg (BHD) ITHMAR Bank (USD) 0.205 5.1% 1,759,475 Arab Banking Corporation. (USD) 0.280 1.8% 193,787 644,000 National Bank of Bahrain 0.650 0.0% 110,565 1.9% 254,284 Al Salam Bank 0.120 (0.8%) 77,880 0.0% 170,100 Bahrain Telecommunications Co. 0.210 1.9% 52,771 Source: KAMCO Research 8
9. KAMCO Research Muscat Securities Market Daily Report February 4 , 2018 Index Performance relative to Volume Sector Returns 200 Market Cap. DTD MTD YTD 6,400 180 (OMR Mn) % Chg % Chg % Chg 0.4% 0.4% (1.5%) 160 MSM 30 Index Value 6,200 140 6,000 120 5,800 100 5,600 Vol. Traded (Mln. Shares) 6,600 Muscat Securities Mkt 4,415 Financial 2,257 1.3% 1.3% 1.2% 365 (1.1%) (1.1%) (3.4%) 1,793 (0.3%) (0.3%) (4.3%) Industrial Services Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector 80 5,400 60 5,200 40 Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 Apr-17 May17 0 Mar-17 4,800 Feb-17 20 Jan-17 5,000 Top Movers and Most Active Stocks Trading Indicators Market Return Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 35.27 0.7% 0.7% (1.3%) 18.28 0.4% 0.4% (1.5%) Price Daily Value (OMR) % Chg (OMR) Al Anwar Holding 0.158 6.0% 683,812 MSM 30 Index 5,035.23 Al Jazeira Services Co. 0.170 3.0% 360,863 Market Cap (OMR Mn) 4,414.56 HSBC Bank Oman 0.113 2.7% 19,932 Al Anwar Ceramic Tiles Co. 0.134 2.3% 94,294 National Bank of Oman 0.219 1.9% 222,153 Best Return Performers Price Daily Value (OMR) % Chg (OMR) Oman Flour Mills 0.840 (3.7%) 5,989 Ooredoo 0.500 (2.0%) 91,673 National Gas Co. 0.294 (1.7%) 59,509 Worst Return Performers Trading Indicators Volume ('000 Shares) Value Traded (OMR '000) Average Daily Today's DTD DTD Value Chg % Chg YTD-18 YTD-17 14,464 12,010 83.0% 5,721 8,340 3,105 2,607 84.0% 1,378 2,258 779 514 66.0% 296 504 No. of Trades Market Breadth 10 2 Price Daily Volume (OMR) % Chg (Shares) Al Anwar Holding 0.158 6.0% 4,320,393 Bank Muscat 0.416 1.5% 875.6 Al Jazeira Services Co. 0.170 3.0% 2,128,895 Al Anwar Holding 0.158 6.0% 683.8 Bank Muscat 0.416 1.5% 2,107,753 Al Jazeira Services Co. 0.170 3.0% 360.9 Oman Investment & Finance Co. 0.132 1.5% 1,646,693 National Bank of Oman 0.219 1.9% 222.2 National Bank of Oman 0.219 1.9% 1,012,106 Oman Investment & Finance Co. 0.132 1.5% 217.4 Most Active Stocks by Volume Most Active Stocks by Value Price 33 (OMR) Daily Volume % Chg (OMR'000) Source: KAMCO Research 9
10. KAMCO Research The Egyptian Exchange Daily Report February 4 , 2018 (The bulletin covers the top 60 companies by Mkt. Cap out of 336 listed companies) Index Performance relative to Volume Sector Returns 500 Market Cap. (EGP Mn) 15,500 DTD % Chg MTD % Chg YTD % Chg 2.5% 450 400 The Egyptian Exchange 564,733 0.4% 0.4% Banking & Finance 144,508 0.6% 0.6% 4.5% Basic Resources 39,853 0.8% 0.8% (9.7%) Chemical 52,436 (0.4%) (0.4%) 25.9% Construction & Material 47,258 0.5% 0.5% 6.5% Financial Services 29,053 0.9% 0.9% (3.1%) Food & Beverage 14,698 0.7% 0.7% 4.5% Healthcare & Pharma. 11,513 0.4% 0.4% (5.2%) Ind. Goods,Services, Auto. 42,801 (0.8%) (0.8%) 5.9% 1,688 1.4% 1.4% 29.7% (31.3%) EGX 30 Index 350 300 13,500 250 200 Volume Traded (Mn Shrs) 14,500 12,500 Media 150 Oil & Gas 8,205 (1.9%) (1.9%) Personal & Household 56,931 1.0% 1.0% 3.1% Real Estate 45,063 0.0% 0.0% (0.1%) Telecommunication 62,022 0.3% 0.3% (4.2%) 8,702 3.7% 3.7% 17.6% 100 11,500 50 Travel & Leisure 0 Feb-18 Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 10,500 Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Top Movers and Most Active Stocks Trading Indicators Price Daily (EGP) % Chg Housing and Development Bank 54.40 6.8% EGX 30 Index Orascom Hotels & Development 29.00 4.8% Market Cap (EGP Mn) Best Return Performers Egyptian Kuwaiti Holding 1.00 3.1% Aluminium Co. of Egypt 71.13 2.3% Maridive & Oil Services 0.45 2.3% Volume 0.4% 2.5% Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 254 14,604 (4,357) (23.0%) 17,030 22,976 No. of Trades Price 0.4% 1,304 (2.3%) Most Active Stocks By Volume 2,172 843 (5.0%) (1.6%) 0.5% 564,733 (20.6%) 14.71 (1.8%) 0.3% (166.4) 32.43 10.22 0.3% 643 National CementCo. - Egypt Asec Company for Mining - Ascom 46.29 140 Egyptian Co. for Mobile Services (MobiNil) (1.9%) % Chg 15,088.66 (20.8%) Value Traded (EGP Mn) 9.53 YTD-17 % Chg (28.44) Daily 35.84 MTD % Chg 108 % Chg Alexandria Mineral Oils Co. DTD Chg Volume (Mn Shares) Price Misr Cement Co. DTD Value Trading Indicators (EGP) Worst Return Performers Closing Market Return Market Breadth 28 Most Active Stocks By Value (EGP) ('000 Shrs) 26 Price (EGP) 6 Daily Value % Chg (EGP Mn) Amer Group Holding 0.31 18,903 Global Telecom Hldg. (Orascom Telecom) 6.89 1.32% 57.22 Egyptian Resorts Co. 1.56 18,136 Aluminium Co. of Egypt 71.13 2.33% 54.40 Commercial Int'l Bank (Egypt) 78.93 0.75% 51.15 5.01 1.42% 37.81 20.30 (1.17%) 34.99 Citadel Capital 1.27 16,149 Global Telecom Hldg. (Orascom Telecom) 6.89 8,301 GB AUTO S.A.E GB AUTO S.A.E 5.01 7,553 Egyptian Financial Group-Hermes Hldg Co. Source: KAMCO Research 10
11. KAMCO Research Amman Stock Exchange Daily Report (1st Market) February 4, 2018 Sector Returns 1,925 0 Vol. Traded (Mln. Shares) 3 Market Cap. (JD Mn) Jan-18 1,975 Dec-17 6 Nov-17 2,025 Oct-17 9 Sep-17 2,075 Aug-17 12 Jul-17 2,125 Jun-17 15 May-17 2,175 Apr-17 18 Mar-17 2,225 Feb-17 21 Jan-17 ASE Index Value Index Performance relative to Volume 2,275 DTD % Chg MTD % Chg YTD % Chg 12,978 9,120 106 161 222 23 256 114 110 467 6 514 70 62 13 8 16 59 1,152 354 0.1% (0.1%) 0.3% 0.1% 0.3% 0.0% 0.3% (0.8%) 2.9% 0.8% 0.0% 0.4% (1.5%) 0.4% 0.4% 0.0% 0.0% 2.2% (0.4%) 3.2% 0.1% (0.1%) 0.3% 0.1% 0.3% 0.0% 0.3% (0.8%) 2.9% 0.8% 0.0% 0.4% (1.5%) 0.4% 0.4% 0.0% 0.0% 2.2% (0.4%) 3.2% 2.9% 1.9% 0.6% (0.4%) (2.9%) 8.0% (0.6%) (2.8%) 7.3% 3.7% (1.7%) 3.8% 3.4% (5.0%) (7.8%) 0.0% 0.9% 4.4% 14.5% 6.9% Engineering & Construction 47 0.5% 0.5% 2.2% Electrical Industries 12 1.7% 1.7% (1.0%) Textiles , Leathers & Clothings 81 0.2% 0.2% 1.8% 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 INT'L BROKERAGE & FINANCIAL MARKETS 0.13 8.3% ASE Index CONTEMPRO FOR HOUSING PROJECTS 0.88 7.3% Market Cap (JD Mn) Best Return Performers JORDAN NATIONAL SHIPPING LINES 1.99 7.0% JORDAN DAIRY 3.36 5.0% AKARY FOR INDUSTRIES & REAL ESTATE INV. 2.97 4.9% Closing DTD DTD MTD YTD-18 Value Chg % Chg % Chg % Chg 2,196.86 3.56 0.2% 0.2% 3.3% 12,978.13 7.93 0.1% 0.1% 2.9% Market Return Average Daily Today's DTD DTD Value Chg % Chg YTD-18 YTD-17 Trading Indicators Price Daily (JD) % Chg JORDAN TRADE 1.24 (4.6%) JORDAN INTERNATIONAL INSURANCE 0.51 (3.8%) SALAM INTERNATIONL TRANSPORT & TRADING 0.54 (3.6%) INT'L ARABIAN DEV. & INVESTMENT TRADING CO. 0.32 (3.0%) TRANSPORT& INVESTMENT BARTER CO. 0.37 (2.6%) Worst Return Performers Most Active Stocks By Volume Price Volume (JD) ('000 Shrs) Volume ('000 Shares) 2,974 1,181 65.9% 1,936 3,990 Value Traded (JD '000) 7,441 4888 466.8% 2,914 3,808 No. of Trades 1,644 378 29.9% 71 2,085 14 73 Price Daily Value (JD) % Chg (JD) 8.37 0.0% 3,976,796 Market Breadth Most Active Stocks By Value HOUSING BANK FOR TRADING & FINANCE 8.37 475 HOUSING BANK FOR TRADING & FINANCE 32 ALIA- THE ROYAL JORDANIAN AIRLINES 0.54 393 JORDAN PHOSPHATE MINES 2.82 4.8% 851,147 JORDAN PHOSPHATE MINES 2.82 304 UNION LAND DEVELOPMENT CORP. 1.87 1.1% 293,282 TRANSPORT& INVESTMENT BARTER CO. 0.37 257 AL-EQBAL INVESTMENT CO. 37.05 (0.4%) 263,570 JORDAN STEEL 0.61 159 UNION TOBACCO & CIGARETTE INDUSTRIES 2.70 0.0% 231,227 Source: KAMCO Research 11
12. KAMCO Research Tunisia Stock Exchange Daily Report February 4 , 2018 Index Performance relative to Volume Sector Returns 2,000 6,600 Market Cap. DTD MTD YTD (DT Mn) % Chg % Chg % Chg 20,213 0.6% 1.4% 4.4% 9,307 1.3% 2.0% 7.6% 6,500 1,800 1,600 6,300 Tunisia Index 6,200 1,400 6,100 1,200 6,000 5,900 1,000 5,800 Vol. Traded ('000. Shares) 6,400 800 5,700 Tunis Stock Exchange Banking Insurance 567 1.8% 2.1% (2.5%) Leasing 614 (9.6%) (1.1%) (0.6%) Financial Services 2,199 (0.1%) 1.3% 3.2% Industrial 1,442 1.7% 2.5% 3.3% 353 (0.3%) (0.3%) (3.8%) Food & Beverage 2,794 0.5% 0.7% 2.2% Retailing 1,410 0.1% (0.1%) (2.0%) Others 1,528 1.3% 1.4% 6.0% Chemical Industry 5,600 600 5,500 400 5,400 Feb/18 Jan/18 Dec/17 Nov/17 Oct/17 Sep/17 Aug/17 Jul/17 Jun/17 May/17 Apr/17 Mar/17 200 Feb/17 5,300 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 Banque de Tunisie et des Emirats 18.02 6.0% Tunisia Index Euro-Cycles 29.98 5.9% Market Cap (DT Mln) Société Tunisienne d'Assurances et de Réassurances 92.90 4.5% Société Indust. d'Appareillage et Matériel Electrique 2.39 4.4% Société Tunisienne de Verreries 5.71 4.0% Best Return Performers Market Return Trading Indicators Closing DTD DTD MTD YTD-18 Value Chg % Chg % Chg % Chg 6,515.70 57.73 0.9% 1.3% 3.7% 20,213 119.35 0.6% 1.4% 4.4% Today's DTD DTD Value Chg % Chg Volume ('000 Shares) Average Daily YTD-18 YTD-17 733 66.7 10.0% 544 368 Price Daily (DT) % Chg Value Traded ('000 DT) 8,146 2,147 35.8% 4,883 3,148 City Cars 10.84 (3.0%) No. of Trades 2,237 513.0 29.8% 1,575 876 Worst Return Performers CELLCOM 1.56 (2.5%) Société Tunis. d'Entreprises de Télécom. 2.99 (2.0%) SOPAT 0.73 (1.4%) 83.00 (1.2%) Air Liquide Tunisie Market Breadth Price Volume (DT) (Shares) Banque Nationale Agricole 13.00 105,524 Tunisie Profilés Aluminium 3.96 88,645 Union Internationale de Banques TUNISAIR 0.40 75,432 Banque Internationale Arabe de Tunisie TelNet Holding 7.48 65,037 23.90 51,861 Most Active Stocks By Volume Union Internationale de Banques Most Active Stocks By Value Banque Nationale Agricole 28 12 26 Price Daily Value (DT) % Chg (DT '000) 13.00 1.1% 1,369 23.90 0.4% 1,231 132.00 1.8% 1,075 Attijari Bank 46.31 3.1% 697 Banque de l'Habitat 19.90 1.0% 570 Source: KAMCO Research 12
13. KAMCO Research Beirut Stock Exchange Daily Report February 4 , 2018 Sector Returns Index Performance relative to Volume 1,280 7,500 Market Cap. DTD MTD YTD (USD Mn) % Chg % Chg % Chg Beirut Stock Exchange 11,904 (0.1%) (0.3%) 4.7% Banking 10,138 (0.1%) (0.2%) 4.4% 331 0.0% 0.0% 6.7% 35 0.0% 0.0% 0.0% 1,399 0.0% (1.4%) 6.0% 1,240 4,500 1,160 1,120 3,000 1,080 Vol. Traded ('000. Shares) Blom Stock Index 6,000 1,200 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 Feb-18 Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 1,000 Feb-17 1,040 0 Trading Indicators Top Movers and Most Active Stocks Best Return Performers Solidere A Price Daily (USD) % Chg 8.50 0.2% Market Return Blom Stock Index Market Cap (USD Mn) Trading Indicators Worst Return Performers BLOM Bank GDR Price Daily (USD) % Chg 12.75 (0.9%) Bank Audi GDR 5.90 (0.7%) Solidere B 8.45 (0.4%) Volume ('000s shares) Value Traded ('000s USD) Closing DTD DTD MTD YTD-18 Value Chg % Chg % Chg % Chg 1,173.86 (1.38) (0.1%) (0.3%) 2.2% 11,903.89 (13.61) (0.1%) (0.3%) 4.7% Average Daily Today's DTD DTD Value Chg % Chg 39.28 (374) (90.5%) 248 662 342.24 (3,640) (91.4%) 2,081 2,878 YTD-18 YTD-17 Market Breadth 1 Most Active Stocks by Volume Price Volume (USD) (Shares) Most Active Stocks by Value 3 31 Price Daily Value (USD) % Chg (USD) 8.50 0.2% 231,939 12.75 (0.9%) 36,970 Bank Audi GDR 5.90 (0.7%) 29,500 Solidere B 8.45 (0.4%) 28,318 25.85 0.0% 15,510 Solidere A 8.50 27,427 Bank Audi GDR 5.90 5,000 Solidere A BLOM Bank GDR Solidere B 8.45 3,353 BLOM Bank GDR 12.75 2,900 Bank of Beirut Preferred Class I 25.85 600 Bank of Beirut Preferred Class I Source: KAMCO Research 13
14. KAMCO Research Casablanca Stock Exchange Daily Report February 4 , 2018 (The Bulletin covers the 41 Stocks listed on the Main Market) Index Performance relative to Volume Sector Returns MASI Index 13,500 20000 13,250 18000 13,000 16000 12,750 14000 12000 12,500 Volume Traded ('ooo shares) 22000 13,750 10000 12,250 8000 11,750 6000 DTD MTD YTD (MAD Mn) % Chg % Chg % Chg Casablanca Stock Exchange 602,931 (0.2%) (0.2%) 7.4% Banking 227,595 (0.3%) (0.3%) 5.6% Beverages 3,518 (6.0%) (6.0%) 5.0% Chemicals 1,872 (6.0%) (6.0%) 37.3% Construction & Bldg. Material 76,684 (1.5%) (1.5%) 4.4% Distributors 10,866 0.3% 0.3% 1.9% 305 0.0% 0.0% 1.5% Electricity 24,414 (1.4%) (1.4%) 13% Food Producers & Processors 17,804 1.3% 1.3% 3.5% 10.1% Electrical & Electronic Equip. Holding Companies 3,232 2.4% 2.4% 29,098 (0.5%) (0.5%) 5.7% 4,561 2.3% 2.3% 14.3% Leisures & Hotel 2,436 1.8% 1.8% 18.1% Materials, Software & Computer 2,397 2.3% 2.3% 23.0% Mining 24,949 0.7% 0.7% 9.2% Oil & Gas 12,713 (1.0%) (1.0%) 9.0% Insurance 12,000 Market Cap. Investment & other Finance 11,500 4000 11,250 2000 Telecommunications Transport 1,140 11,000 0 Utilities 5,141 81 (3.5%) Feb/18 Jan/18 Dec/17 Nov/17 Oct/17 Sep/17 Aug/17 Jul/17 Jun/17 May/17 Apr/17 Mar/17 Feb/17 Real Estate Forestry & Paper 22,698 5.5% 5.5% 8.0% 131,425 (0.3%) (0.3%) 11.6% 3.3% 3.3% 12.0% 5.3% 5.3% 3.6% (3.5%) (4.7%) 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 Lyonnaise des Eaux de Casablanca Compagnie de Transport au Maroc Trading Indicators Price Daily (MAD) % Chg Market Return % Chg 2.46 0.0% 1.6% 7.2% 642.60 5.3% MADEX Index 10,823.73 (9.29) (0.1%) 1.6% 7.2% Market Cap (MAD Mn) 602,931 (0.98) (0.2%) (0.2%) 7.4% 3.2% SAHAM ASSURANCE 1,750.00 2.9% Trading Indicators Price Daily (MAD) % Chg Volume ('000 Shares) 780.00 (6.0%) Value Traded (MAD Mn) 1,777.00 (6.0%) 31.30 (3.5%) Societe Nationale de Siderurgie 815.00 (2.7%) Banque Marocaine Du Commerce Exterieur 240.00 (2.0%) Most Active Stocks By Volume YTD-18 % Chg 13,280.76 3.3% Med Paper MTD % Chg MASI Index 930.00 Les Eaux Minerales d Oulmes DTD Chg 9.9% 1,290.00 Societe Nationale d'Electrolyse et de Petrochimie DTD Value 37.72 Credit EQDOM (SOC D'EQUIP DOM ET MN) Worst Return Performers Closing Price Volume (MAD) (Shrs) Douja Prom Addoha 37.72 2,045,746 Delta Holding 36.90 220,598 Today's DTD DTD Value Chg % Chg Average Daily YTD-18 YTD-17 2,856.23 2,016.9 240.3% 762 516 150.28 29.46 24.4% 104 70 Market Breadth Most Active Stocks By Value Douja Prom Addoha 20 16 Price (MAD) 5 Daily Value % Chg (MAD Mn) 37.72 9.9% 37.69 Banque Marocaine Du Commerce Exterieur 240.00 (2.0%) 27.50 Banque Marocaine Du Commerce Exterieur 240.00 219,266 Attijariwafa Bank 502.50 0.4% 11.86 Itissalat Al-Maghrib 149.50 128,040 Itissalat Al-Maghrib 149.50 (0.3%) 9.60 Banque Centrale Populaire 300.00 49,797 Societe Nationale d'Electrolyse et de Petrochimie 780.00 (6.0%) 9.47 Source: KAMCO Research 14
15. KAMCO Research Damascus Securities Exchange Daily Report February 4 , 2018 Index Performance relative to Volume Sector Returns 7,000 700 Market Cap. DTD MTD MTD (SRY Mn) % Chg % Chg % Chg 630,173 1.0% 1.0% 0.3% 594,091 1.0% 1.0% (0.1%) 12.4% 6,700 6,400 600 6,100 Damascus SE 5,800 500 DSE TRW Index 5,200 4,900 4,600 400 4,300 4,000 3,700 300 3,400 3,100 2,800 Vol. Traded ('000. Shares) 5,500 200 Banking 2,365 2.4% 2.4% Industrial Services 10,676 0.0% 0.0% 2.5% Insurance 22,513 1.1% 1.1% 9.3% 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 2,500 2,200 1,900 100 1,600 1,300 Feb-18 Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 0 Feb-17 1,000 Trading Indicators Top Movers and Most Active Stocks Closing DTD DTD MTD YTD-18 Value Chg. % Chg. % Chg. % Chg. 65.13 1.1% 1.1% 0.0% 6,460.8 1.0% 1.0% 0.3% Best Return Performers Price (SRY) Daily % Chg Alahliah.co For Transport 578.00 5.00% DSE Weighted Index 5,984.77 1140.00 4.97% Market Cap (SRY Mn) 630,173 Al-Aqeelah Takaful Insurance 345.07 3.84% Qatar National Bank Syria 565.71 2.98% Syria International Islamic Bank Market Return Trading Indicators Worst Return Performers Price (SRY) Daily % Chg Cham Bank 768.12 (1.5%) Fransabank Syria 455.84 (1.2%) Qatar National Bank Syria Syria International Islamic Bank DTD DTD Value Chg. % Chg. Average Daily YTD-18 YTD-17 Volume (Shrs) 96,101 5,658 6.3% 76,998 33,816 Value Traded ('000 SRY) 67,971 10,451 18.2% 56,690 58,848 135 16.0 13.4% 90 116.8 No. of Trades Market Breadth Most Active Stocks by Volume Today's 4 2 Price (SRY) 18 Price (SRY) Volume (Shrs) Most Active Stocks by Value Daily % Chg Value (SRY) 565.71 31,275 Syria International Islamic Bank 1,140.00 5.0% 29,775,660 1140.00 26,119 Qatar National Bank Syria 565.71 3.0% 17,692,650 Al-Aqeelah Takaful Insurance 345.07 13,100 Cham Bank 768.12 (1.5%) 8,152,071 Cham Bank 768.12 10,613 Al-Aqeelah Takaful Insurance 345.07 3.8% 4,520,438 Fransabank Syria 455.84 7,744 Fransabank Syria 455.84 (1.2%) 3,529,999 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