MENA Markets Daily Report - 4 July

Transcription

1. KAMCO Research MENA Markets Daily Report Country July 4 , 2017 Benchmark Index Value DTD Change YTD 2017 FY 2016 MENA Countries Kuwait Price Index ▼ 6,565.22 (0.7%) 14.2% 2.4% Kuwait …………………………………. 2 Kuwait Weighted Index ▼ 395.81 (0.8%) 4.1% (0.4%) Saudi Arabia ………………………. 3 Kuwait KSX 15 Index ▼ 902.02 (1.4%) 1.9% (1.7%) UAE - Dubai …………………………. 4 Saudi Arabia TADAWUL All Share Index ▲ 7,493.45 0.1% 3.9% 4.3% UAE - Nasdaq Dubai……… 5 UAE - Dubai DFM General Index ▲ 3,424.69 1.2% (3.0%) 12.1% UAE - Abu Dhabi …………………… 6 UAE - Nasdaq Dubai FTSE NASDAQ Dubai UAE 20 Index ▲ 3,353.99 0.2% 1.8% 7.5% Qatar …………………………………… 7 UAE - Abu Dhabi ADX General Index ▼ 4,414.45 (0.7%) (2.9%) 5.6% Bahrain ………………………………… 8 Qatar QE 20 Index ▲ 8,936.52 1.3% (14.4%) 0.1% Oman …………………………………… 9 Bahrain Bahrain All Share ▼ 1,316.01 (0.3%) 7.8% 0.4% Egypt …………………………………. 10 Oman MSM 30 Index ▼ 5,088.50 (0.6%) (12.0%) 7.0% Jordan…………………………… 11 Egypt EGX 30 ▼ 13,431.06 (0.4%) 8.8% 76.2% Tunisia …………………………………. 12 Jordan ASE Index ▲ 2,171.11 0.3% 0.0% 1.6% Lebanon ………………………………. 13 Lebanon Blom Stock Index ▲ 1,152.10 0.2% (5.0%) 3.7% Morocco……………………….. 14 Tunisia Tunisia Index ▲ 6,077.33 0.9% 10.7% 8.9% Syria ……………………………… 15 Morocco MASI ▲ 12,056.33 0.3% 3.5% 30.5% Syria DSE Weighted Index ▼ 2,815.74 (0.7%) 74.1% 31.7% 3,176.31 (0.6%) 2.3% (12.3%) In this Report… Emerging Markets China SSE Composite Index ▼ Russia RUSSIAN RTS INDEX ($) ▲ 1,009.42 0.8% (12.4%) 52.2% India SENSEX ▼ 31,198.59 (0.1%) 17.2% 1.9% Brazil BOVESPA Stock Index ▲ 63,279.58 0.6% 5.1% 38.9% Mexico BOLSA Index ▲ 50,109.16 0.5% 9.8% 6.2% Korea KOSPI Index ▼ 2,378.98 (0.6%) 17.4% 3.3% Taiwan TAIEX Index ▼ 10,354.04 (0.6%) 11.9% 11.0% Global Markets Investment Research Department Kamcoird@kamconline.com P.O.Box 28873,Safat 13149 Kuwait Tel: (965) 1852626, Extn: 1153 / 1146 Fax: (965) 22492395 http://www.kamconline.com KAMCO Investment Company - K.S.C (Public) World MSCI World Index ▲ 1,920.58 0.2% 9.7% 5.3% Asia MSCI Asia Pacific ▼ 154.14 (0.3%) 14.1% 2.3% Europe DJ Stoxx 600 ▲ 383.41 1.1% 6.1% (1.2%) Europe FTSEurofirst 300 ▲ 1,509.36 1.2% 5.7% (0.6%) Emerging Markets MSCI EM Index ▲ 1,014.24 0.3% 17.6% 8.6% U.S.A S&P 500 ▲ 2,429.01 0.2% 8.5% 9.5% U.S.A DJIA ▲ 21,479.27 0.6% 8.7% 13.4% U.S.A NASDAQ Composite ▼ 6,110.06 (0.5%) 13.5% 7.5% UK FTSE 100 ▲ 7,377.09 0.9% 3.3% 14.4% Germany DAX ▲ 12,475.31 1.2% 8.7% 6.9% Japan NIKKEI 225 ▼ 20,009.82 (0.2%) 4.7% 0.4% Hong Kong HANG SENG INDEX ▼ 25,349.77 (1.7%) 15.2% 0.4% Oil OPEC Crude ▲ 45.63 0.6% (14.4%) 67.1% Oil Brent ▼ 49.42 (0.5%) (13.0%) 52.4% Oil Kuwait ▲ 45.99 2.4% (13.8%) 85.5% Natural Gas NYMEX Natural Gas (USD/MMBtu) ▲ 2.96 0.1% (17.3%) 30.0% Gold Gold Spot $/Oz ▲ 1,224.80 0.4% 6.7% 8.1% Commodities Source: Bloomberg & KAMCO Research
2. KAMCO Research Boursa Kuwait Daily Report July 4 , 2017 Sector Weight by Market Cap Insurance 1% Real Estate 8% Market Capitalization - Sector Returns Financial Services Technology 8% 0.1% Market Cap. Oil & Gas 1% Boursa Kuwait Oil & Gas Basic Materials 3% Banks 49% Consumer Goods 5% Consumer Services 2% 27,012.2 ▼ (0.8%) (0.9%) 3.4% 211.0 ▼ (0.4%) (5.7%) (7.8%) 25.9% ▼ (0.7%) (2.0%) ▼ (1.3%) (1.2%) 17.5% Consumer Goods 1,280.9 ▼ (4.7%) (5.0%) (10.7%) Health Care 240.1 ▲ 0.5% 0.4% 4.9% Consumer Services 691.6 ▲ 0.9% 1.4% 9.1% 2,758.9 ▼ (0.0%) (1.9%) (4.2%) 13,146.2 ▼ (0.9%) (0.1%) 6.1% 297.2 ▼ (1.0%) (1.8%) (8.2%) Real Estate 2,087.8 ▼ (0.9%) (2.5%) (5.1%) Financial Services 2,316.6 ▲ 1.1% 0.4% (5.3%) 29.7 ▲ 0.7% (12.1%) (5.2%) Telecommunications Banks 34 Market Breadth Company Name Market Cap. P/E ROE* (Mn KWD) (X) (%) YTD % Chg 770.6 Technology Top 10 Companies by Market Capitalization MTD % Chg 3,181.5 Insurance Health Care 0.9% DTD % Chg Industrials Basic Materials Industrials 12% Telecom 10% DTD (KWD Mn) Benchmark Return Closing Value Price Index 68 DTD 6,565.22 60 DTD MTD YTD Chg % Chg % Chg % Chg (47.3) (0.7%) (2.9%) 14.2% 1- National Bank of Kuwait 4,059.4 13.8 10.9% Weighted Index 395.81 (3.1) (0.8%) (0.9%) 4.1% 2- Kuwait Finance House 2,756.0 16.7 9.1% Kuwait 15 Index 902.02 (13.1) (1.4%) (0.9%) 1.9% 3- Zain 1,778.4 11.3 12.4% Market Cap (KWD Mn) 27,012 (216.3) (0.8%) (0.9%) 3.4% 4- Ahli United Bank - Bahrain 1,549.7 9.0 16.1% 991.3 16.8 6.4% 924.6 19.7 19.4% 7- Boubyan Bank 921.3 22.4 11.9% 8- Ahli United Bank - Kuwait 748.4 18.5 10.5% 9- Gulf Bank 731.6 17.0 7.5% 10- Burgan Bank 712.3 10.4 10.5% 15,173 13.94 10.9% 1,200 1,100 1,000 420 Volume traded (shr. mil.) 6- Kuwait Food Co. (Americana) 450 Weighted Index 5- Agility (PWC Logistics) Index Performance relative to Volume 900 800 700 600 390 500 400 Total 360 300 200 100 0.048 19.0% National Petroleum Services Co. 1.387 0.181 15.0% Arabi Holding Group Co. 0.085 0.007 9.0% Al Madina For Finance & Investment Co. 0.047 0.004 8.8% Today's Top % Losers Change Percent 0 Market Trading Data and Volatility Trading Indicators Volume (Shrs Mn) Value Traded (KWD Mn) Close Jul-17 0.300 Jun-17 IFA Hotels & Resorts Co. May-17 19.7% Apr-17 0.046 Mar-17 0.280 Feb-17 Change Real Estate Asset Management Co. Jan-17 Percent Dec-16 (KWD) Nov-16 Change Oct-16 Close (KWD) Today's Top % Gainers Sep-16 330 Aug-16 Top Movers and Most Active Stocks Jul-16 *: ROE is calculated based on FY2016 net profit & shareholders' equity as of 31-December-16 No. of Trades (KWD) (KWD) Change First Takaful Insurance Co. 0.049 (0.011) (18.3%) Kuwait National Cinema Co. 1.160 (0.230) (16.5%) Kuwait Remal Real Estate Co. 0.055 (0.010) (14.7%) Al-Argan International Real Estate Co. 0.160 (0.026) (14.0%) Price Index Kuwait Foundry Co. 0.254 (0.036) (12.4%) Weighted Index Average Daily Today's DTD DTD Value Chg % Chg 46.7 (1.8) (3.8%) 308.7 8.5 (0.9) (9.7%) 29.2 12.4 2,324 (205) (8.1%) 6,049 3,252 Market Volatility** YTD 2017 YTD 2016 144.1 Volatility Since January: 2016 2015 2014 2013 2012 9.9% 9.2% 9.6% 10.2% 9.8% 10.9% 10.2% 10.3% 9.7% 9.4% **: Annualized Standard Deviation of Daily Returns Today's Most Active by Volume Close Percent Volume (KWD) Change (Shares) Today's Most Active by Value Close Percent Value (KWD) Change (KWD) Alimtiaz Investment Group 0.158 1.3% 6,105,940 Kuwait Finance House 0.478 (1.0%) 1,483,514 Ithmaar Bank 0.043 (1.1%) 4,479,515 Alimtiaz Investment Group 0.158 1.3% 958,938 Kuwait Finance House 0.478 (1.0%) 3,083,127 Agility (PWC Logistics) 0.818 (0.5%) 915,965 A'ayan Leasing & Investment Co. 0.039 (5.7%) 2,510,997 National Bank of Kuwait 0.686 (0.6%) 671,424 Investors Holding Group Co. 0.023 0.4% 1,747,380 Zain 0.411 (0.5%) 635,225 Source: Boursa Kuwait, KAMCO Research 2
3. KAMCO Research Saudi Tadawul Daily Report July 4 , 2017 Index Performance relative to Volume Sector Returns 8,000 650 Market Cap. DTD MTD YTD (SAR Mn) % Chg % Chg % Chg 600 Saudi Stock Exchange 550 500 450 TASI Value 7,000 400 350 Energy Vol. Traded (Mln. Shares) 7,500 Materials Capital Goods Commercial & Professional Svc Transportation Consumer Durables & Apparel Consumer Services Media 6,500 300 250 Retailing Food & Staples Retailing Food & Beverages 1,777,231 0.3% 0.6% 5.6% 23,769 0.5% 1.3% (9.0%) 545,990 (0.0%) 1.4% 6.6% 8,864 0.5% 0.8% (64.1%) 8,079 (0.2%) 1.0% (16.4%) 13,722 (0.1%) (1.5%) (23.0%) 3,479 1.0% 0.5% (6.2%) 14,970 1.0% 1.6% (11.7%) 3,120 9.2% 19.4% (3.1%) 33,194 (0.9%) (2.4%) 16.9% 7,030 (0.9%) (0.8%) 6.6% 112,607 (1.1%) (2.6%) 27.6% 30,360 (1.8%) (1.9%) 9.7% 4,211 (0.4%) (0.7%) (14.1%) 6,000 200 Health Care Equipment & Svc Pharma, Biotech & Life Science 150 5,500 100 Banks Diversified Financials Insurance 50 Jul-17 Jun-17 Apr-17 May-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 Sep-16 Aug-16 0 Jul-16 5,000 471,013 0.2% 0.8% 9.7% 39,856 (0.1%) 0.9% (16.2%) 1.0% 42,869 0.9% 0.0% Telecommunication Services 175,512 1.1% (0.1%) 3.9% Utilities 110,334 2.1% 1.6% 14.3% REITs Real Estate Mgmt & Dev't 1,990 3.0% 4.0% 258.5% 126,262 0.9% 0.9% (0.7%) 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 Price Daily Trading Indicators Value Market Return (SAR) % Chg (SAR 000's) Saudi Research and Marketing Group 35.90 10.0% 33,976 Tadawul All Share Index Al-Baha Investment & Development Co. 20.98 9.9% 42,271 Market Cap (SAR Mn) Saudi Automotive Services Co. 18.00 9.1% 22,056 Printing & Packing Co. 16.90 6.2% 83,164 AL-Ahli Takaful Co. 35.91 5.5% 7,047 Worst Return Performers Price (SAR) Daily Value Value Traded (SAR Mn) No. of Trades Mouwasat Medical Services Co. 150.08 (5.0%) 9,892 108.04 (3.3%) 4,575 273,292 6.49 (2.6%) Tabuk Cement Co. 11.15 (2.5%) 4,073 Yanbu National Petrochemicals Co. 54.89 (2.3%) 17,181 Most Active Stocks By Volume Price Daily Volume (SAR) % Chg ('000 Shrs) DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 7,493.45 7.1 0.1% 0.9% 3.9% 1,777,231 4,495.2 0.3% 0.6% 5.6% Average Daily Today's DTD DTD Value Chg % Chg YTD-17 162 (5.4) (3.2%) 193 281 3,487 (325.5) (8.5%) 3,508 8,581 74,712 (1,696) (2.2%) 141,097 143,065 Volume (Mn Shares) % Chg (SAR 000's) Dallah Healthcare Holding Co. Dar Al Arkan Real Estate Development Co. Trading Indicators Closing YTD-16 Market Breadth 121 Most Active Stocks By Value 47 7 Price Daily Value (SAR) % Chg (SAR Mn) 6.49 (2.6%) 41,866 Saudi Basic Industries Corp 102.93 (0.0%) 428.2 Alinma Bank 15.32 (0.1%) 25,207 Alinma Bank 15.32 (0.1%) 385.8 Printing & Packing Co. 16.90 6.2% 4,945 Al-Rajhi Bank 68.59 (0.7%) 315.6 Bank Al-Jazira 11.74 0.0% 4,632 Dar Al Arkan Real Estate Development Co. 6.49 (2.6%) 273.3 Al-Rajhi Bank 68.59 (0.7%) 4,625 Saudi Arabian Mining Co. 53.37 0.6% 223.6 Dar Al Arkan Real Estate Development Co. Source: KAMCO Research 3
4. KAMCO Research Dubai Financial Market Daily Report July 4 , 2017 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 3,450 1,000 3,400 3,350 3,300 Vol. Traded (Mln. Shares) DFM General Index Value 3,700 500 350,288 0.8% 0.5% 5.4% 140,176 0.6% 0.3% 16.6% 8,652 1.0% (0.1%) (37.8%) 21,279 0.9% 1.8% (8.7%) Insurance 5,634 0.6% 0.8% 6.6% Industrial 3,809 0.0% 0.0% 3.9% Investment & Financial Real Estate & Construction 118,307 1.4% 0.9% 4.3% Telecommunication 24,676 0.2% (0.7%) (14.1%) Transportation 23,545 (0.2%) 0.2% 6.7% 4,209 (1.2%) (0.6%) 11.4% 3,250 Services 3,200 Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector 3,150 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 Sep-16 Aug-16 Jul-16 3,100 Top Movers and Most Active Stocks Best Return Performers Price YTD-2015 Top Movers and Most Active Stocks Daily Value Traded (AED) % Chg DAMAC Properties Dubai 3.450 7.5% 25,514,793 Gulf Finance House 2.200 6.3% 211,286,061 Dubai Islamic Ins.& Reins Co.(AMAN) 0.901 6.0% 7,196,403 Islamic Arab Insurance Co. 0.433 4.3% 6,451,025 Takaful House 1.090 2.8% 18,528,301 Worst Return Performers Price (AED) Daily Value Traded Market Return DFM General Index Market Cap (AED Mn) Trading Indicators Closing DTD DTD MTD Value Chg % Chg % Chg YTD-17 % Chg 3,424.69 41.38 1.2% 1.0% (3.0%) 350,288 2,728 0.8% 0.5% 5.4% Today's DTD DTD Value Chg % Chg Average Daily YTD-17 Volume (Mn Shares) 258.3 79.2 44.2% 412 YTD-16 444 (AED) % Chg (AED) Value Traded (AED Mn) 442.3 169.0 61.8% 554 536 Al Salam Group Holding 0.733 (8.0%) 3,665 No. of Trades 4,067 1,056 35.1% 5,060 5,707 EMAAR MALLS GROUP 2.410 (2.4%) 12,493,396 Amanat Holdings 1.130 (1.7%) 6,833,588 Ajman Bank 1.130 (0.9%) 84,972 Aramex 5.240 (0.8%) 3,021,582 Most Active Stocks by Volume Price Daily Volume (AED) % Chg ('000 Shrs) Market Breadth Most Active Stocks by Value 25 5 30 Price Daily Value (AED) % Chg (AED Mn) Gulf Finance House 2.200 6.3% 96,780 Gulf Finance House 2.200 6.3% Drake and Scull International 0.379 1.9% 30,068 EMAAR Properties 7.900 1.9% 211.3 50.4 Takaful House 1.090 2.8% 16,381 DAMAC Properties Dubai 3.450 7.5% 25.5 Islamic Arab Insurance Co. 0.433 4.3% 14,930 Takaful House 1.090 2.8% 18.5 Union Properties 0.915 0.9% 14,555 Arabtec Holding P.J.S.C. 2.920 1.7% 17.3 Source: KAMCO Research 4
5. KAMCO Research Nasdaq Dubai Daily Report July 4 , 2017 Stock Returns Index Performance relative to Volume 3,600 25 Market Cap. 15 3,300 3,200 10 Vol. Traded (Mln. Shares) FTSE Nasdaq DubaiI UAE 20 Index 20 3,400 3,100 DTD YTD (USD Mn) % Chg Nasdaq Dubai 40,653 (1.03%) DP World 17,438 (2.3%) Nasdaq, Inc. 11,909 0.0% 6.4% 9,178 0.0% (13.9%) Orascom Construction Limited 765 0.0% 24.0% Al Baraka Banking Group 507 0.0% (6.2%) Emirates REIT (CEIC) Limited 300 (2.9%) (13.0%) ENBD REIT (CEIC) Limited 260 (2.8%) (4.5%) DEPA Limited 218 0.0% 2.3% 78 0.0% (40.3%) 3,500 Hikma Pharmaceuticals GDR % Chg 5.6% 20.0% 5 3,000 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 Sep-16 Aug-16 0 Jul-16 2,900 BLME Holdings plc Top Movers and Most Active Stocks Best Return Performers Trading Indicators Price Daily Value (USD) % Chg (USD) No gainers Market Return FTSE Nasdaq Dubai UAE 20 Market Cap (USD Mn) Trading Indicators Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 0.2% 0.6% 1.8% (1.0%) (1.9%) 5.6% 3,353.99 40,653 7.22 (423.1) Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 Price Daily Value Volume (Mn Shares) 0.66 0.60 1,025.0% 1.28 0.42 (USD) % Chg (USD) Value Traded (USD Mn) 6.59 6.2 1,511.5% 6.06 4.62 Emirates REIT (CEIC) Limited 1.00 (2.9%) 262,371 122 100 454.5% 130 91 ENBD REIT (CEIC) Limited 1.06 (2.8%) 100,700 21.01 (2.3%) 6,149,418 Worst Return Performers DP World No. of Trades Market Breadth 0 Most Active Stocks by Volume DP World Price Daily Volume (USD) % Chg ('000 Shrs) Most Active Stocks by Value 3 6 Price Daily Value (USD) % Chg (USD) 21.01 (2.3%) 290,853 DP World 21.01 (2.3%) 6,149,418 Emirates REIT (CEIC) Limited 1.00 (2.9%) 260,256 Emirates REIT (CEIC) Limited 1.00 (2.9%) 262,371 ENBD REIT (CEIC) Limited 1.06 (2.8%) 95,000 ENBD REIT (CEIC) Limited 1.06 (2.8%) 100,700 Orascom Construction Limited 6.50 0.0% 11,600 Orascom Construction Limited 6.50 0.0% 75,448 Source: KAMCO Research 5
6. KAMCO Research Abu Dhabi Securities Exchange Daily Report July 4 , 2017 Sector Returns Index Performance relative to Volume 4,800 900 Market Cap. DTD MTD YTD 800 (AED Mn) % Chg % Chg % Chg ADX 454,176 (0.3%) (0.4%) (2.9%) Banks 205,260 (1.6%) (1.3%) 1.5% 3,415 (0.6%) 0.0% (12.3%) (11.0%) 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 21,828 0.6% 1.6% Energy 7,733 3.5% 6.3% 12.7% Consumer Staples 5,101 0.7% (0.4%) (16.4%) Industrial 10,899 0.5% 0.1% 0.6% 100 Insurance 9,581 (0.0%) 0.0% 14.3% 0 Telecommunication Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 Sep-16 Aug-16 Jul-16 Real Estate 200 4,150 4,100 Inv. & Financial Services Services 180,028 0.8% 0.1% (7.6%) 10,331 (0.7%) (0.7%) 4.2% 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) Dana Gas 0.70 6.1% Ras Al Khaimah Cement Co. 0.80 3.9% 29,348 International Fish Farming Co. 1.45 3.6% 253,770 Sharjah Islamic Bank 1.33 3.1% 45,180 Arkan Building Materials Co. 0.69 3.0% 6,538 Best Return Performers Worst Return Performers National Bank of Fujairah Abu Dhabi Aviation Co. 85,703,181 DTD MTD Chg % Chg % Chg ADX General Index % Chg 4,414.45 (29.21) (0.7%) (0.3%) (2.9%) 454,176 (1,386) (0.3%) (0.4%) (2.9%) Market Cap (AED Mn) Trading Indicators Today's DTD DTD Value Chg % Chg YTD-17 Average Daily YTD-17 YTD-16 Daily Value Volume (Mn Shares) 214 112.8 111.5% 124 (AED) % Chg (AED) Value Traded (AED Mn) 232 117.0 101.9% 217 584.7 3.00 (8.8%) 1,867 700 60.0% 1,642 1,562 300,000 2.44 (6.2%) 4,280 (2.4%) 20,119,443 Bank Of Sharjah 1.23 (2.4%) 38,438 Abu Dhabi Islamic Bank 3.52 (1.7%) 332,240 Most Active Stocks by Volume DTD Value Price 10.25 First Abu Dhabi Bank Closing Market Return Price Daily Volume (AED) % Chg ('000 Shrs) No. of Trades Market Breadth Most Active Stocks by Value 10 9 115.9 47 Price Daily Value (AED) % Chg (AED) Dana Gas 0.70 6.1% 124,509 Dana Gas 0.70 6.1% 85,703,181 Eshraq Properties Co. 0.95 0.0% 44,615 Eshraq Properties Co. 0.95 0.0% 42,531,307 AL DAR Properties Co. 2.32 0.9% 13,238 AL DAR Properties Co. 2.32 0.9% 30,418,124 Abu Dhabi National Energy Co. (TAQA) 0.50 0.0% 12,959 First Abu Dhabi Bank 10.25 (2.4%) 20,119,443 Ras Al Khaimah Properties 0.63 (1.6%) 5,202 7.10 0.0% 19,968,553 Abu Dhabi Commercial Bank Source: KAMCO Research 6
7. KAMCO Research Qatar Exchange Daily Report July 4 , 2017 Index Performance relative to Volume Sector Returns 11,700 50 QE 20 Index Value 11,200 40 35 10,700 30 25 10,200 Vol. Traded (Mln Shares) 45 20 15 9,700 Market Cap. DTD MTD YTD (QAR Mn) % Chg % Chg % Chg Qatar Exchange 482,514 1.1% (1.3%) (14.3%) Banking & Finance 211,151 1.1% (1.2%) (10.7%) 18,609 1.5% (3.2%) (17.2%) Industrial 118,915 0.3% (2.6%) (19.9%) Insurance 24,230 3.9% 1.7% (9.5%) Real Estate 52,051 0.1% (2.3%) (15.9%) Telecom 37,118 4.7% 1.2% (8.4%) Transport 20,440 (0.7%) 1.2% (23.0%) 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 10 5 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 Sep-16 Aug-16 0 Jul-16 9,200 Top Movers and Most Active Stocks Trading Indicators Price Daily Value (QAR) % Chg (QAR) Qatar Cinema & Film Distribution 26.90 9.6% 296 Ooredoo 94.50 5.8% 11,411,495 Qatar Insurance Co. 69.80 4.6% 7,058,517 Gulf International Services 19.90 4.4% 1,728,459 Qatar Islamic Insurance 65.90 3.3% 17,176,615 Best Return Performers Market Return QE 20 Index Market Cap (QAR Mn) Trading Indicators Price Daily Value Volume ('000 Shares) (QAR) % Chg (QAR) Value Traded (QAR Mn) 74.70 (3.5%) Al Ahli Bank of Qatar 32.00 (3.0%) 640 Gulf Warehousing Co. 43.65 (2.9%) 806,023 185.10 (1.5%) 9,252,528 16.50 (1.3%) 40,282 Worst Return Performers Zad Holding Co. Qatar Electricity & Water Co. Al Khaleej Takaful Group Most Active Stocks by Volume Vodafone Qatar 37,350 Price Daily Volume (QAR) % Chg (Shares) No. of Trades Market Breadth Most Active Stocks by Value Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 8,936.52 114.37 1.3% (1.0%) (14.4%) 482,514 5,410 1.1% (1.3%) (14.3%) Average Daily Today's DTD DTD Value Chg % Chg 9,826 (4,468) (31.3%) 10,992 291 (101) (25.8%) 330 281 6.3% 3,881 4,327 4,388 262 28 YTD-17 10 Price (QAR) YTD-16 8,329 6 Daily Value % Chg (QAR Mn) 8.10 0.0% 1,576,210 Qatar National Bank 127.00 1.2% 35.2 13.75 0.4% 1,037,647 Industries Qatar 93.90 0.0% 25.4 7.57 0.1% 939,685 Masraf Al Rayan 39.00 1.0% 21.9 United Development Co. 16.70 0.7% 814,690 Qatar Islamic Bank 87.70 0.7% 17.4 Qatar Gas Transport Co. 17.00 0.0% 615,361 Qatar Islamic Insurance 65.90 3.3% 17.2 National Leasing Holding Qatar First Bank Source: KAMCO Research 7
8. KAMCO Research Bahrain Bourse Daily Report July 4 , 2017 Sector Returns Index Performance relative to Volume 1,500 200 Market Cap. DTD MTD YTD (BHD Mn) % Chg % Chg % Chg 7,470 (0.3%) 0.5% 3.4% Commercial Banks 3,396 (0.3%) (0.4%) 0.8% Investment 2,126 0.3% 0.7% 3.3% Bahrain All Share Index 1,400 160 140 1,300 120 100 1,200 80 Vol. Traded (Mln. Shares) 180 60 1,100 40 20 Insurance 148 0.0% 0.0% 5.4% Service 941 (0.2%) (0.2%) (6.4%) Hotel & Tourism 151 0.0% 0.0% (12.7%) Industrial 707 (2.0%) 5.1% 49.2% Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 Sep-16 Aug-16 0 Jul-16 1,000 Bahrain Bourse Top Movers and Most Active Stocks Trading Indicators Price Daily Value (BHD) % Chg (BHD) Gulf Finance House (USD) 0.615 2.5% 359,793 Bahrain All Share Index BMMI 0.800 1.3% 1,600.0 Market Cap (BHD Mln) Bank of Bahrain and Kuwait 0.394 0.5% 4,925 Best Return Performers Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 1,316.01 (3.34) (0.3%) 0.5% 7.8% 7,469.89 (19.74) (0.3%) 0.5% 3.4% DTD DTD Market Return Trading Indicators Today's Value Worst Return Performers ITHMAR Bank (USD) Volume ('000 Shares) Price Daily Value (BHD) % Chg (BHD) Value Traded (BHD '000) 0.140 (3.4%) 14,544 No. of Trades Aluminum Bahrain 0.480 (2.0%) 51,098 Bahrain Telecommunications Co. 0.240 (0.8%) 15,360 Ahli United Bank (USD) 0.680 (0.7%) 54,759 Chg % Chg YTD-17 YTD-16 2,940 (3,790) (56.3%) 4,515 1,777 580 (961) (62.4%) 892 372 59 (45) (43.3%) 76 38 Market Breadth 3 Most Active Stocks by Volume Price Daily Volume (BHD) % Chg (Shares) Average Daily Most Active Stocks by Value 4 34 Price Daily Value (BHD) % Chg (BHD) Gulf Finance House (USD) 0.615 2.5% 1,563,500 Gulf Finance House (USD) 0.615 2.5% 359,793 AlKhaleeji Commercial Bank 0.100 0.0% 599,000 AlKhaleeji Commercial Bank 0.100 0.0% 59,900 ITHMAR Bank (USD) 0.140 (3.4%) 275,560 Ahli United Bank (USD) 0.680 (0.7%) 54,759 Ahli United Bank (USD) 0.680 (0.7%) 212,500 Aluminum Bahrain 0.480 (2.0%) 51,098 Aluminum Bahrain 0.480 (2.0%) 107,138 Bahrain Telecommunications Co. 0.240 (0.8%) 15,360 Source: KAMCO Research 8
9. KAMCO Research Muscat Securities Market Daily Report July 4 , 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 4,434 (0.5%) (0.6%) (31.1%) Financial 2,200 (0.3%) (0.5%) (22.2%) 415 (0.1%) (0.1%) (56.0%) 1,818 (0.8%) (0.8%) (31.6%) 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 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 0 Sep-16 4,800 Aug-16 20 Jul-16 5,000 Top Movers and Most Active Stocks Best Return Performers Trading Indicators Price Daily Value (OMR) % Chg (OMR) Al Madina Investment company 0.069 3.0% 2,331 Bank Sohar 0.145 2.8% 68,258 HSBC Bank Oman 0.124 0.8% 17,773 Market Return Price Daily Value (OMR) % Chg (OMR) National Gas Co. 0.370 (2.6%) 4,682 Oman Telecom Co. 1.115 (1.8%) 635,603 Al Madina Takaful 0.113 (1.7%) 62,697 OMINVEST 0.508 (1.6%) 30,527 0.21 (1.4%) 29,385 National Bank of Oman DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg MSM 30 Index 5,088.50 (28.33) (0.6%) (0.6%) (12.0%) Market Cap (OMR Mn) 4,433.63 (21.84) (0.5%) (0.6%) (31.1%) Trading Indicators Worst Return Performers Closing Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 Volume ('000 Shares) 5,880 4,862 478.1% 8,451 16,678 Value Traded (OMR '000) 2,395 2,239 1,440.1% 2,587 3,940 545 467 598.7% 495 823 No. of Trades Market Breadth 3 8 Price Daily Volume (OMR) % Chg (Shares) Bank Muscat 0.372 (0.5%) 2,265,360 Bank Muscat 0.372 (0.5%) 841.2 Ooredoo 0.450 0.0% 1,269,065 Oman Telecom Co. 1.115 (1.8%) 635.6 Oman Telecom Co. 1.115 (1.8%) 570,354 Ooredoo 0.450 0.0% 571.1 Al Madina Takaful 0.113 (1.7%) 553,368 Bank Sohar 0.145 2.8% 68.3 Bank Sohar 0.145 2.8% 471,993 Raysut Cement 0.992 0.0% 62.9 Most Active Stocks by Volume Most Active Stocks by Value Price 34 (OMR) Daily Volume % Chg (OMR'000) Source: KAMCO Research 9
10. KAMCO Research The Egyptian Exchange Daily Report July 4 , 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 YTD % Chg 450 8,000 150 7,500 7,000 The Egyptian Exchange 448,547 (0.3%) 0.8% 10.2% Banking & Finance 142,806 0.3% 1.3% 14.6% Basic Resources 25,279 0.9% 0.2% 19.8% Chemical 31,088 (0.3%) 0.6% 68.9% Construction & Material 42,637 1.3% 2.7% 28.1% Financial Services 29,246 (1.0%) (0.4%) 0.7% Food & Beverage 10,498 0.9% 1.2% 34.7% Healthcare & Pharma. 8,769 0.0% 0.0% 26.3% 24,654 (0.9%) (1.3%) 14.1% Media 741 (0.8%) (1.0%) 17.1% Oil & Gas 905 (1.1%) 1.7% (85.8%) Personal & Household 24,423 (0.3%) 0.2% 5.8% Real Estate 40,947 (1.9%) 5.9% 2.9% Telecommunication 62,051 (1.1%) (2.0%) (8.7%) 4,501 0.3% 1.9% 39.1% Ind. Goods,Services, Auto. 100 6,500 6,000 50 Travel & Leisure 5,500 0 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 Sep-16 Aug-16 Jul-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 8.56 9.9% EGX 30 Index 39.89 8.0% Market Cap (EGP Mn) National Bank of Kuwait - Egypt - NBK 40.55 6.7% Misr Beni Suef Cement 23.69 6.1% 144.39 5.9% Best Return Performers Asec Company for Mining - Ascom Aluminium Co. of Egypt Misr Cement Co. Worst Return Performers El Kahera Housing National CementCo. - Egypt Al Ezz Dekheila Steel Co. Alexandria (1,156) (0.3%) 0.8% 10.2% Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 894 391 10,314 52 0.5% 18,247 12,725 (4.3%) Volume 8.8% 448,547 16.5% 7.72 Price Most Active Stocks By Volume 0.3% 61.2 No. of Trades (3.3%) (0.4%) 432 (4.7%) (3.4%) (56.30) 157 10.77 11.56 % Chg 13,431.06 53.0% Value Traded (EGP Mn) Medinet Nasr Housing YTD-17 % Chg 42.64 Daily (3.6%) MTD % Chg 123 % Chg 23.69 DTD Chg Volume (Mn Shares) Price 500.26 DTD Value Trading Indicators (EGP) Suez Cement Co. Closing Market Return 106 Market Breadth 18 Most Active Stocks By Value (EGP) ('000 Shrs) 32 Price (EGP) Amer Group Holding 0.37 51,437 Commercial Int'l Bank (Egypt) Citadel Capital 0.83 19,225 Palm Hills Developments Palm Hills Developments 3.11 14,823 Egyptian Iron & Steel Co. 4.19 4,602 Global Telecom Hldg. (Orascom Telecom) Global Telecom Hldg. (Orascom Telecom) 6.79 4,352 T M G Holding Egyptian Financial Group-Hermes Hldg Co. 10 Daily Value % Chg (EGP Mn) 81.57 0.22% 50.70 3.11 0.00% 46.05 23.94 (1.20%) 44.58 6.79 (1.45%) 29.56 7.76 (1.77%) 28.80 Source: KAMCO Research 10
11. KAMCO Research Amman Stock Exchange Daily Report (1st Market) July 4, 2017 Sector Returns 1,925 0 Vol. Traded (Mln. Shares) 3 Market Cap. (JD Mn) Jul-17 1,975 Jun-17 6 May-17 2,025 Apr-17 9 Mar-17 2,075 Feb-17 12 Jan-17 2,125 Dec-16 15 Nov-16 2,175 Oct-16 18 Sep-16 2,225 Aug-16 21 Jul-16 ASE Index Value Index Performance relative to Volume 2,275 DTD % Chg MTD % Chg YTD % Chg 12,902 9,209 107 182 286 24 268 116 98 431 7 573 66 71 17 8 15 60 851 362 0.6% 0.9% 0.2% (0.5%) 0.2% (4.7%) 0.0% 0.0% 0.4% 0.0% (2.8%) 0.4% (0.2%) (2.3%) 1.3% 0.0% 1.7% 0.0% (0.7%) (0.1%) 0.6% 1.0% 1.2% (0.2%) 0.0% (4.7%) 0.2% (2.2%) 0.9% 0.0% (4.2%) (0.4%) (0.2%) (2.0%) 1.9% 0.0% 1.7% 0.1% (0.9%) 1.5% (3.2%) (4.8%) (5.2%) 9.5% 18.7% (5.3%) (4.0%) (11.2%) 7.5% (8.3%) (25.0%) (6.4%) (1.1%) (9.7%) (9.2%) 0.0% 9.3% (9.1%) 9.3% 17.3% Engineering & Construction 46 1.9% 2.6% (1.4%) Electrical Industries 13 0.0% 1.0% (18.6%) Textiles , Leathers & Clothings 87 (0.1%) 0.2% (13.7%) 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 BANK AL-ETIHAD 1.72 5.5% ASE Index COMPREHENSIVE MULTIPLE PROJECT CO. 1.15 4.5% Market Cap (JD Mn) Best Return Performers ARABIAN STEEL PIPES MANUFACTURING 1.15 3.6% SALAM INTERNATIONL TRANSPORT & TRADING 0.60 3.4% INT'L ARABIAN DEV. & INVESTMENT TRADING CO. 0.38 2.7% Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 2,171.11 5.43 0.3% 0.2% 0.0% 12,901.58 74.94 0.6% 0.6% (3.2%) Market Return 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%) JORDANIAN PHARMACEUTICAL MANUFACTURING 0.52 (3.7%) JORDAN DUBAI PROPERTIES 0.54 (3.6%) JORDAN PRESS FOUNDATION/AL-RA'I 0.55 (3.5%) NATIONAL STEEL INDUSTRY 1.30 (3.0%) Worst Return Performers Most Active Stocks By Volume AD-DULAYL INDUSTRIAL PARK & REAL ESTATE CO. Price Volume (JD) ('000 Shrs) 0.47 458 YTD-16 Volume ('000 Shares) 3,439 389 12.7% 3,910 4,705 Value Traded (JD '000) 3,746 1020 37.4% 5,301 19,365 No. of Trades 1,777 (23.2%) 14 2,188 21 79 Price Daily Value (JD) % Chg (JD) JORDAN PETROLEUM REFINERY 3.22 1.3% 420,770 Market Breadth Most Active Stocks By Value (536) 19 AL-TAJAMOUAT FOR CATERING AND HOUSING CO. 0.53 374 SPECIALIZED INVESTMENT COMPOUNDS 1.06 (0.9%) 360,200 SALAM INTERNATIONL TRANSPORT & TRADING 0.60 350 ARAB BANK $USD 6.02 1.7% 317,063 SPECIALIZED INVESTMENT COMPOUNDS 1.06 341 JORDAN PHOSPHATE MINES 2.76 0.0% 261,955 NATIONAL CHLORINE INDUSTRIES 0.53 300 AD-DULAYL INDUSTRIAL PARK & REAL ESTATE CO. 0.47 (2.1%) 216,447 Source: KAMCO Research 11
12. KAMCO Research Tunisia Stock Exchange Daily Report July 4 , 2017 Index Performance relative to Volume Sector Returns 6,500 4,500 Market Cap. DTD MTD YTD (DT Mn) % Chg % Chg % Chg 6,400 6,200 3,500 Tunisia Index 6,100 6,000 5,900 2,500 5,800 5,700 Vol. Traded ('000. Shares) 6,300 5,600 1,500 5,500 Tunis Stock Exchange 18,899 0.6% 0.6% 9.2% 8,595 2.0% 2.0% 13.8% Insurance 684 (0.7%) (0.7%) 4.5% Leasing 619 (7.2%) (7.2%) (9.0%) Financial Services 1,761 (0.1%) (0.1%) 14.7% Industrial 1,298 (0.2%) (0.2%) 4.5% 361 0.0% 0.0% (21.7%) Food & Beverage 2,766 (0.0%) (0.0%) 5.7% Retailing 1,460 (0.4%) (0.4%) 1.7% Others 1,355 0.8% 0.8% 20.7% Banking Chemical Industry 5,400 5,300 Jul/17 Jun/17 May/17 Apr/17 Mar/17 Feb/17 Jan/17 Dec/16 Nov/16 Oct/16 Sep/16 Aug/16 500 Jul/16 5,200 Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Top Movers and Most Active Stocks Best Return Performers Société Tunisienne de Banque Trading Indicators Price Daily (DT) % Chg Market Return 4.15 3.5% Tunisia Index Banque de l'Habitat 27.56 3.3% Market Cap (DT Mln) Attijari Bank 34.65 3.1% TelNet Holding 5.52 2.8% Unimed Laboratories 9.50 2.6% Worst Return Performers Electrostar Daily % Chg Value Traded ('000 DT) 3.79 (3.1%) No. of Trades 8.03 (2.7%) 4.60 (2.1%) Société Tunisienne des Marchés de Gros 1.93 (2.0%) Société Essoukna 3.56 (1.9%) Most Active Stocks By Volume TelNet Holding Société Tunisienne des Marchés de Gros Union Internationale de Banques Tunisie Profilés Aluminium One Tech Holding DTD MTD YTD-17 Chg % Chg % Chg % Chg 54.56 0.9% 0.9% 10.7% 18,899 118.07 0.6% 0.6% 9.2% Average Daily Today's DTD DTD Value Chg % Chg 247 (239.7) (49.3%) 407 678 2,009 (2,241) (52.7%) 3,021 4,713 974 (392.0) (28.7%) 1,022 1,369 Volume ('000 Shares) (DT) Automobile Reseau Tunisien et Services DTD Value 6,077.33 Trading Indicators Price Société Tunisienne de Verreries Closing Market Breadth Price Volume (DT) (Shares) 5.52 41,880 Union Internationale de Banques Most Active Stocks By Value 20 YTD-17 12 YTD-16 34 Price Daily Value (DT) % Chg (DT '000) 22.20 0.9% 415 1.93 24,282 TelNet Holding 5.52 2.8% 234 22.20 18,782 One Tech Holding 10.00 0.5% 154 3.05 17,207 Euro-Cycles 32.50 (0.8%) 129 10.00 15,437 Société d’Articles Hygiéniques 15.11 0.1% 114 Source: KAMCO Research 12
13. KAMCO Research Beirut Stock Exchange Daily Report July 4 , 2017 Sector Returns Index Performance relative to Volume 1,250 7,500 1,240 Market Cap. DTD MTD YTD (USD Mn) % Chg % Chg % Chg 11,583 0.1% 0.1% (2.4%) 9,953 (0.0%) (0.0%) 1.0% 294 0.0% 0.0% 15.9% 35 0.0% 0.0% 0.0% 1,300 1.3% 1.3% (24.4%) 1,230 6,000 Beirut Stock Exchange 1,210 4,500 1,200 1,190 1,180 3,000 1,170 Vol. Traded ('000. Shares) Blom Stock Index 1,220 Banking Industrial Trading Real Estate & Construction Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector 1,160 1,500 1,150 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 Sep-16 Aug-16 1,130 Jul-16 1,140 0 Trading Indicators Top Movers and Most Active Stocks Best Return Performers Solidere A BLOM Bank GDR Bank Audi GDR Price Daily (USD) % Chg Market Return 7.99 3.2% Blom Stock Index 12.20 1.2% Market Cap (USD Mn) 6.20 0.5% Trading Indicators Price Daily (USD) % Chg Byblos Bank 1.63 (1.8%) Solidere B 7.71 (1.5%) 100.10 (0.1%) Worst Return Performers Bank Audi Preferred G Volume ('000s shares) Value Traded ('000s USD) Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 1,152.10 1.75 0.00 0.2% (5.0%) 11,582.64 14.77 0.1% 0.1% (2.4%) Average Daily Today's DTD DTD Value Chg % Chg 265.23 194 274.6% 322 662 5,054.16 4,229 512.7% 2,871 2,878 YTD-17 YTD-16 Market Breadth 3 Most Active Stocks by Volume Bank Of Beirut Solidere A BLOM Bank GDR Byblos Bank Bank of Beirut Preferred Class H Price Volume (USD) (Shares) 18.80 225,000 7.99 12,279 12.20 9,300 Bank of Beirut Preferred Class H 1.63 5,000 BLOM Bank GDR 25.15 4,800 Bank Audi Preferred H Most Active Stocks by Value Bank Of Beirut Bank Audi Preferred I 3 29 Price Daily Value (USD) % Chg (USD) 18.80 0.0% 101.00 0.0% 282,800 25.15 0.0% 120,720 12.20 1.2% 113,460 100.50 0.0% 106,530 4,230,000 Source: KAMCO Research 13
14. KAMCO Research Casablanca Stock Exchange Daily Report July 4 , 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 3.0% 12,500 18000 12,250 16000 MASI Index 12,000 11,750 14000 11,500 11,250 12000 Volume Traded ('ooo shares) 12,750 11,000 10000 10,750 Casablanca Stock Exchange 554,460 0.3% 0.3% Banking 203,915 0.1% 0.1% 3.3% 3,455 0.0% 0.0% 20.3% Beverages Chemicals 973 1.1% 1.1% 148.0% Construction & Bldg. Material 71,677 0.5% 0.5% (7.6%) Distributors 11,140 1.2% 1.2% 4.5% 328 0.7% 0.7% (1.4%) Electricity 20,392 0.2% 0.2% 11% Food Producers & Processors 22,137 1.9% 1.9% 22.3% Electrical & Electronic Equip. Holding Companies 2,681 0.0% 0.0% 5.5% 24,645 0.8% 0.8% 2.8% Investment & other Finance 3,754 0.4% 0.4% 2.6% Leisures & Hotel 1,593 (1.0%) (1.0%) (5.6%) Insurance 10,500 8000 10,250 10,000 6000 9,750 4000 9,500 9,250 2000 Materials, Software & Computer 1,536 0.3% 0.3% 26.7% Mining 19,843 0.1% 0.1% 25.3% Oil & Gas 11,146 0.0% 0.0% 5.0% Real Estate 25,669 0.0% 0.0% 12.5% 123,469 0.0% 0.0% (1.1%) Transport Telecommunications 1,072 1.6% 1.6% 43.5% Utilities 4,960 0.0% 0.0% 14.8% 77 2.6% 2.6% 17.8% 9,000 0 Jul/17 Jun/17 May/17 Apr/17 Mar/17 Feb/17 Jan/17 Dec/16 Nov/16 Oct/16 Sep/16 Aug/16 Jul/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 SAHAM ASSURANCE Trading Indicators Price Daily (MAD) % Chg Market Return 1,339.00 2.9% MASI Index 29.75 2.6% MADEX Index Comp Suc Maroc Et De Raff 429.95 2.4% Market Cap (MAD Mn) Auto Hall 110.95 1.8% Compagnie de Transport au Maroc 874.00 1.6% Med Paper Trading Indicators Worst Return Performers Price Daily (MAD) % Chg Volume ('000 Shares) Value Traded (MAD Mn) Banque Marocaine Du Commerce Exterieur 213.00 (2.3%) Risma 111.20 (1.0%) 1,370.00 (0.7%) Miniere Touissit Market Breadth Most Active Stocks By Volume Price Volume (MAD) (Shrs) Most Active Stocks By Value Med Paper Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 12,056.33 40.49 0.3% 0.3% 3.5% 9,866.23 35.21 0.4% 0.4% 3.3% 554,460 1.44 0.3% 0.3% 3.0% Average Daily Today's DTD DTD Value Chg % Chg 1,422.06 (299.5) (17.4%) 1,200 516 36.62 (170.88) (82.4%) 72 70 22 YTD-17 3 Price (MAD) YTD-16 16 Daily Value % Chg (MAD Mn) Med Paper 29.75 1,267,903 29.75 2.6% 18.03 Douja Prom Addoha 48.70 58,074 Attijariwafa Bank 443.50 0.8% 4.35 Itissalat Al-Maghrib 140.45 30,341 Comp Suc Maroc Et De Raff 429.95 2.4% 3.94 Attijariwafa Bank 443.50 19,661 Managem 1,369.00 0.0% 2.41 Comp Suc Maroc Et De Raff 429.95 18,627 Itissalat Al-Maghrib 140.45 0.0% 2.13 Source: KAMCO Research 14
15. KAMCO Research Damascus Securities Exchange Daily Report July 4 , 2017 Index Performance relative to Volume Sector Returns 3,200 3,400 3,100 3,200 3,000 Market Cap. DTD MTD MTD (SRY Mn) % Chg % Chg % Chg 300,541 (0.4%) (1.1%) 71.1% 278,935 (0.4%) (1.2%) 76.6% Services 1,711 0.0% 0.0% 15.8% Industrial 5,820 0.0% 0.0% (20.3%) Insurance 13,547 0.0% (0.6%) 62.0% 528 0.0% 0.0% 0.0% 3,000 2,900 2,800 2,800 2,600 2,400 2,500 2,200 2,400 2,000 2,300 1,800 2,200 1,600 2,100 2,000 1,400 1,900 1,200 1,800 1,000 Vol. Traded ('000. Shares) DSE TRW Index Damascus SE 2,600 2,700 Banking Agricultural Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector 1,700 800 1,600 600 1,500 400 1,400 Jul-17 Jun-17 Apr-17 May-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 Sep-16 0 Aug-16 200 1,200 Jul-16 1,300 Trading Indicators Top Movers and Most Active Stocks Best Return Performers Price (SRY) Daily % Chg Fransabank Syria 302.00 0.33% DSE Weighted Index The Int'l Bank For Trade & Finance 317.00 0.30% Market Cap (SRY Mn) Closing DTD DTD MTD YTD-17 Value Chg. % Chg. % Chg. % Chg. 2,815.74 (18.58) (0.7%) (1.2%) 74.1% 300,541 (1,242.7) (0.4%) (1.1%) 71.1% Market Return Trading Indicators Price (SRY) Daily % Chg Qatar National Bank Syria 298.43 (1.9%) Syria International Islamic Bank 339.55 (1.6%) Worst Return Performers DTD DTD Value Chg. % Chg. Average Daily YTD-17 YTD-16 Volume (Shrs) 50,969 34,329 206.3% 111,313 588 Value Traded ('000 SRY) 15,702 10,153 183.0% 32,268 17,236 56 37 194.7% 80 52.4 No. of Trades Market Breadth Most Active Stocks by Volume Today's Price (SRY) Volume (Shrs) Most Active Stocks by Value 2 2 Price (SRY) 20 Daily % Chg Value (SRY) 9,959,367 Qatar National Bank Syria 298.43 33,372 Qatar National Bank Syria 298.43 (1.9%) Syria International Islamic Bank 339.55 10,592 Syria International Islamic Bank 339.55 (1.6%) 3,596,467 Fransabank Syria 302.00 5,000 Fransabank Syria 302.00 0.3% 1,510,000 The Int'l Bank For Trade & Finance 317.00 2,000 The Int'l Bank For Trade & Finance 317.00 0.3% 634,000 Cham Bank 410.50 5 Cham Bank 410.50 0.0% 2,013 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