MENA Markets Daily Report - 9 October

Transcription

1. KAMCO Research MENA Markets Daily Report Country October 9 , 2017 Benchmark Index Value DTD Change YTD 2017 FY 2016 MENA Countries Kuwait Price Index ▼ 6,660.70 (0.0%) 15.9% 2.4% Kuwait …………………………………. 2 Kuwait Weighted Index ▲ 440.35 0.5% 15.9% (0.4%) Saudi Arabia ………………………. 3 Kuwait KSX 15 Index ▲ 1,032.71 0.4% 16.7% (1.7%) UAE - Dubai …………………………. 4 Saudi Arabia TADAWUL All Share Index ▼ 7,194.06 (0.9%) -0.2% 4.3% UAE - Nasdaq Dubai……… 5 UAE - Dubai DFM General Index ▲ 3,611.31 0.6% 2.3% 12.1% UAE - Abu Dhabi …………………… 6 UAE - Nasdaq Dubai FTSE NASDAQ Dubai UAE 20 Index ▲ 3,460.69 0.3% 5.1% 7.5% Qatar …………………………………… 7 UAE - Abu Dhabi ADX General Index ▲ 4,429.79 0.4% (2.6%) 5.6% Bahrain ………………………………… 8 Qatar QE 20 Index ▲ 8,137.57 0.1% (22.0%) 0.1% Oman …………………………………… 9 Bahrain Bahrain All Share ▲ 1,279.21 0.4% 4.8% 0.4% Egypt …………………………………. 10 Oman MSM 30 Index ▼ 5,168.12 (0.9%) (10.6%) 7.0% Jordan…………………………… 11 Egypt EGX 30 ▲ 13,997.69 0.8% 13.4% 76.2% Tunisia …………………………………. 12 Jordan ASE Index ▼ 2,103.03 (0.3%) (3.1%) 1.6% Lebanon ………………………………. 13 Lebanon Blom Stock Index ▲ 1,155.39 0.3% (4.7%) 3.7% Morocco……………………….. 14 Tunisia Tunisia Index ▼ 6,171.54 (0.1%) 12.4% 8.9% Syria ……………………………… 15 Morocco MASI ▼ 12,392.80 (0.5%) 6.4% 30.5% Syria DSE Weighted Index ▲ 3,522.75 1.0% 117.8% 31.7% 3,389.39 1.2% 9.2% (12.3%) In this Report… Emerging Markets China SSE Composite Index ▲ Russia RUSSIAN RTS INDEX ($) ▼ 1,134.30 (0.9%) (1.6%) 52.2% India SENSEX ▲ 31,909.92 0.3% 19.8% 1.9% Brazil BOVESPA Stock Index ▼ 76,054.72 (0.7%) 26.3% 38.9% Mexico BOLSA Index ▼ 50,302.96 (0.4%) 10.2% 6.2% Korea KOSPI Index ▲ 2,394.47 0.9% 18.2% 3.3% Taiwan TAIEX Index ▲ 10,532.81 0.1% 13.8% 11.0% Global Markets Investment Research Department Kamcoird@kamconline.com P.O.Box 28873,Safat 13149 Kuwait Tel: (965) 1852626, Extn: 1153 / 1146 Fax: (965) 22492395 http://www.kamconline.com KAMCO Investment Company - K.S.C (Public) World MSCI World Index ▼ 2,014.02 (0.1%) 15.0% 5.3% Asia MSCI Asia Pacific ▲ 163.31 0.3% 20.9% 2.3% Europe DJ Stoxx 600 ▼ 389.47 (0.4%) 7.8% (1.2%) Europe FTSEurofirst 300 ▼ 1,530.83 (0.4%) 7.2% (0.6%) Emerging Markets MSCI EM Index ▲ 1,103.12 0.0% 27.9% 8.6% U.S.A S&P 500 ▼ 2,549.33 (0.1%) 13.9% 9.5% U.S.A DJIA ▼ 22,773.67 (0.0%) 15.2% 13.4% U.S.A NASDAQ Composite ▲ 6,590.18 0.1% 22.4% 7.5% UK FTSE 100 ▲ 7,522.87 0.2% 5.3% 14.4% Germany DAX ▼ 12,955.94 (0.1%) 12.8% 6.9% Japan NIKKEI 225 ▲ 20,690.71 0.3% 8.2% 0.4% Hong Kong HANG SENG INDEX ▼ 28,382.80 (0.3%) 29.0% 0.4% Oil OPEC Crude ▲ 54.63 1.3% 2.5% 67.1% Oil Brent ▲ 55.75 0.2% (1.9%) 52.4% Oil Kuwait ▲ 53.69 0.3% 0.7% 85.5% Natural Gas NYMEX Natural Gas (USD/MMBtu) ▲ 2.86 0.0% (20.5%) 30.0% Gold Gold Spot $/Oz ▲ 1,283.19 0.5% 11.8% 8.1% Commodities Source: Bloomberg & KAMCO Research
2. KAMCO Research Boursa Kuwait Daily Report October 9 , 2017 Sector Weight by Market Cap Insurance 1% Market Capitalization - Sector Returns Financial Services Technology 8% 0.1% Real Estate 8% Market Cap. Boursa Kuwait Oil & Gas 1% Oil & Gas Basic Materials Basic Materials 3% Banks 50% Industrials 11% Consumer Goods 4% Telecom 11% 29,964.9 ▲ 0.4% 2.1% 14.7% 208.2 ▲ 1.0% 1.4% (9.0%) 36.7% ▲ 0.1% 0.0% ▲ 0.1% 0.9% 26.9% Consumer Goods 1,123.5 ▲ 0.0% (1.2%) (21.7%) (14.0%) Health Care 196.8 ═ 0.0% (17.1%) Consumer Services 652.9 ▲ 2.1% 1.5% 3.0% 3,401.1 ▼ (0.1%) 4.3% 18.1% 15,000.3 ▲ 0.5% 2.6% 21.0% 345.0 ▼ (0.0%) 0.1% 6.5% Real Estate 2,251.3 ▼ (0.2%) 0.9% 2.3% Financial Services 2,485.8 ▲ 1.6% 3.7% 1.6% 27.0 ▲ 0.4% (3.2%) (13.8%) Telecommunications 53 Market Breadth Company Name Market Cap. P/E ROE* (Mn KWD) (X) (%) YTD % Chg 836.8 Technology Top 10 Companies by Market Capitalization MTD % Chg 3,436.2 Insurance Health Care 0.7% DTD % Chg Industrials Banks Consumer Services 2% DTD (KWD Mn) Benchmark Return Closing Value Price Index 6,660.70 51 DTD 54 DTD MTD YTD Chg % Chg % Chg % Chg (1.4) (0.0%) (0.3%) 15.9% 1- National Bank of Kuwait 4,662.9 15.1 10.7% Weighted Index 440.35 2.1 0.5% 2.2% 15.9% 2- Kuwait Finance House 3,569.0 20.3 9.8% Kuwait 15 Index 1,032.71 4.0 0.4% 3.5% 16.7% 3- Zain 2,379.9 15.2 13.3% 29,965 128.9 0.4% 2.1% 14.7% 4- Ahli United Bank - Bahrain 1,564.8 8.9 16.5% 5- Agility (PWC Logistics) 1,199.7 19.2 6.6% 6- Boubyan Bank 12.5% 18.1 7.8% 8- Kuwait Food Co. (Americana) 796.0 16.4 18.7% 9- Burgan Bank 783.3 10.4 11.3% 10- Ahli United Bank - Kuwait 778.3 18.9 10.5% 17,576 15.49 11.2% 1,200 1,100 1,000 420 Volume traded (shr. mil.) 23.4 813.9 Index Performance relative to Volume 450 Weighted Index 1,028.2 7- Gulf Bank Market Cap (KWD Mn) 900 800 700 600 390 500 400 Total 360 300 200 100 0.035 10.1% Egypt Kuwait Holding Co. 0.230 0.015 7.0% IFA Hotels & Resorts Co. 0.299 0.019 6.8% Kuwait Co. For Process Plant Const. & Cont. 0.160 0.010 6.7% Today's Top % Losers Change Percent (KWD) (KWD) Change 0.254 (0.050) (16.4%) Gulf Petroleum Investment 0.033 (0.003) (8.8%) Wethaq Takaful Insurance Co. 0.046 (0.004) (7.1%) National Industries Co. 0.174 (0.012) (6.5%) Al Salam Group Holding Co. 0.047 (0.003) (6.4%) Real Estate Asset Management Co. 0 Market Trading Data and Volatility Trading Indicators Volume (Shrs Mn) Value Traded (KWD Mn) Close Oct-17 0.380 Sep-17 Independent Petroleum Group Aug-17 14.5% Jul-17 0.004 Jun-17 0.032 May-17 Change Credit Rating & Collection Co. Apr-17 Percent Mar-17 (KWD) Feb-17 Change Jan-17 Close (KWD) Today's Top % Gainers Dec-16 330 Nov-16 Top Movers and Most Active Stocks Oct-16 *: ROE is calculated based on TTM 1H-2017 net profit & shareholders' equity as of 30-June-17 No. of Trades DTD DTD Value Chg % Chg 175.9 (45.9) (20.7%) 237.7 29.3 (15.8) (35.0%) 25.6 10.7 5,323 (1,295) (19.6%) 5,212 2,798 Market Volatility** Price Index Weighted Index Average Daily Today's YTD 2017 YTD 2016 118.6 Volatility Since January: 2016 2015 2014 2013 2012 9.4% 9.0% 9.4% 10.0% 9.7% 10.5% 10.0% 10.1% 9.6% 9.3% **: Annualized Standard Deviation of Daily Returns Close Percent Volume (KWD) Change (Shares) Gulf Petroleum Investment 0.033 (8.8%) 19,897,864 Gulf Bank 0.267 4.7% 18,619,724 Today's Most Active by Volume Close Percent Value (KWD) Change (KWD) National Bank of Kuwait 0.788 (0.1%) 5,837,395 Gulf Bank 0.267 4.7% 4,954,789 Today's Most Active by Value Ahli United Bank - Bahrain 0.208 0.0% 11,124,890 Kuwait Finance House 0.619 0.5% 3,497,511 National Investment Co. 0.119 1.7% 10,243,281 Ahli United Bank - Bahrain 0.208 0.0% 2,320,513 National Industries Group 0.168 0.6% 9,725,998 National Industries Group 0.168 0.6% 1,631,382 Source: Boursa Kuwait, KAMCO Research 2
3. KAMCO Research Saudi Tadawul Daily Report October 9 , 2017 Sector Returns Index Performance relative to Volume 8,000 650 Market Cap. DTD MTD YTD (SAR Mn) % Chg % Chg % Chg 600 Saudi Stock Exchange 550 500 450 TASI Value 7,000 400 350 Energy Vol. Traded (Mln. Shares) 7,500 Materials Capital Goods Commercial & Professional Svc Transportation Consumer Durables & Apparel Consumer Services Media 6,500 300 250 1,703,972 (0.9%) (1.2%) 1.3% 23,769 (0.9%) (0.4%) (9.0%) 535,031 (0.9%) (1.8%) 4.5% 9,043 (0.8%) (1.3%) (63.4%) 8,387 (0.5%) (2.9%) (13.2%) 13,706 (1.3%) (2.9%) (23.1%) 3,553 (0.3%) (0.4%) (4.3%) 15,198 (0.9%) (1.5%) (10.3%) 5,974 (0.7%) (1.5%) 85.5% 35,070 (0.7%) (2.3%) 23.5% 7,277 (0.8%) (1.5%) 10.3% Food & Beverages 92,143 (1.2%) (1.5%) 4.4% Health Care Equipment & Svc 28,226 (0.7%) (0.5%) 2.0% 3,876 0.2% (2.1%) (21.0%) 459,413 (1.0%) (1.1%) 7.0% 41,477 (0.0%) (1.4%) (12.8%) Retailing Food & Staples Retailing 6,000 200 Pharma, Biotech & Life Science 150 5,500 100 Banks Diversified Financials Insurance 50 5,000 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 0 43,497 (0.1%) 1.6% 2.5% Telecommunication Services 158,350 (0.5%) (1.4%) (6.2%) Utilities 103,005 (1.7%) 1.0% 6.7% 3,396 (1.7%) 23.4% 511.8% 113,582 (0.0%) (0.9%) (10.7%) YTD-17 REITs Real Estate Mgmt & Dev't Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Top Movers and Most Active Stocks Best Return Performers Price (SAR) Daily Trading Indicators Value Market Return ACE Arabia Cooperative Insurance Co. 51.65 4.5% 23,580 Tadawul All Share Index Saudi Industrial Investment Group 21.96 4.0% 12,389 Market Cap (SAR Mn) National Agriculture Development Co. 31.82 3.7% 47,312 Lazurde Company for Jewelry 22.46 2.3% 12,273 Saudi Arabian Cooperative Insurance Co. 21.20 2.2% 36,728 Worst Return Performers Price Daily Value Value Traded (SAR Mn) No. of Trades 47.01 (5.0%) 3,836 46.47 (3.3%) 22,741 10,024 AL Maather REIT Fund 10.12 (3.3%) Saudi Industrial Development Co. 10.39 (2.9%) 6,064 Saudi Marketing Company 25.88 (2.6%) 11,546 Alinma Bank Musharaka REIT Fund Saudi Basic Industries Corp SALAMA Cooperative Insurance Company DTD DTD MTD Value Chg % Chg % Chg % Chg 7,194.06 (65.16) (0.9%) (1.2%) (0.2%) 1,703,972 (14,730.6) (0.9%) (1.2%) 1.3% Average Daily Today's DTD DTD Value Chg % Chg YTD-17 110 (2.5) (2.2%) 172 281 2,560 (213.3) (7.7%) 3,296 8,581 1.1% 166,656 143,065 Volume (Mn Shares) % Chg (SAR 000's) Southern Province Cement Co. Dar Al Arkan Real Estate Development Co. Trading Indicators (SAR) United Electronics Co. Most Active Stocks By Volume Closing % Chg (SAR 000's) 74,450 828 YTD-16 Market Breadth 34 Price Daily Volume (SAR) % Chg ('000 Shrs) 17.63 (0.7%) 28,778 Alinma Bank 6.61 0.2% 10,596 Saudi Basic Industries Corp 10.04 (1.2%) 3,493 100.76 (0.9%) 24.60 0.7% Most Active Stocks By Value 138 6 Price Daily Value (SAR) % Chg (SAR Mn) 17.63 (0.7%) 509.1 100.76 (0.9%) 346.0 Al-Rajhi Bank 65.22 (1.6%) 154.8 3,424 SALAMA Cooperative Insurance Company 24.60 0.7% 79.1 3,132 AL-Marai Co. 69.94 (1.8%) 72.2 Source: KAMCO Research 3
4. KAMCO Research Dubai Financial Market Daily Report October 9 , 2017 Sector Returns Index Performance relative to Volume 3,800 2,000 Market Cap. DTD MTD YTD (AED Mn) % Chg % Chg % Chg 3,750 3,650 1,500 Banking 3,600 Consumer Staples 3,550 3,500 1,000 3,450 3,400 3,350 3,300 Vol. Traded (Mln. Shares) DFM General Index Value 3,700 500 372,801 0.3% 0.9% 12.2% 154,590 0.4% 0.2% 28.6% 8,471 0.5% (0.5%) (39.1%) 22,309 0.6% 2.0% (4.3%) Insurance 5,567 0.0% 0.4% 5.3% Industrial 3,701 0.0% 0.0% 1.0% Investment & Financial Real Estate & Construction 124,913 0.2% 1.8% 10.1% Telecommunication 25,035 (0.5%) 0.9% (12.9%) Transportation 23,994 0.9% 1.4% 8.7% 4,219 0.2% 0.3% 11.7% 3,250 Services 3,200 Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector 3,150 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 3,100 Top Movers and Most Active Stocks Best Return Performers Price YTD-2015 Top Movers and Most Active Stocks Daily Value Traded % Chg Al Salam Bank - Sudan 2.160 14.9% 13,685,723 DFM General Index SHUAA Capital 1.130 5.6% 11,237,990 Market Cap (AED Mn) Gulf Finance House 1.710 4.9% 98,945,706 Drake and Scull International 1.790 4.7% 165,033,655 Union Properties 0.875 4.0% 69,238,626 Worst Return Performers Price (AED) Market Return (AED) Daily Value Traded (AED) % Chg 1.940 (1.5%) Emirates Integrated Telecom. (DU) 5.400 (0.6%) 627,247 EMAAR MALLS GROUP 2.300 (0.4%) 4,505,362 Dubai National Insurance & Reinsurance 2.950 (0.3%) 83,524 DAMAC Properties Dubai 3.890 (0.3%) 4,461,621 Takaful Emarat (AED) 49,161 Trading Indicators Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 3,611.31 20.21 0.6% 1.3% 2.3% 372,801 1,113 0.3% 0.9% 12.2% Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 Volume (Mn Shares) 361.9 116.9 47.7% 334 Value Traded (AED Mn) 505.8 107.8 27.1% 456 484 No. of Trades 5,452 1,701 45.3% 4,373 5,046 Market Breadth 24 5 389 31 Price Daily Volume (AED) % Chg ('000 Shrs) Drake and Scull International 1.790 4.7% 92,345 Drake and Scull International 1.790 4.7% Union Properties 0.875 4.0% 80,974 Gulf Finance House 1.710 4.9% 98.9 Gulf Finance House 1.710 4.9% 58,799 Union Properties 0.875 4.0% 69.2 Marka 0.719 3.5% 12,789 EMAAR Properties 8.590 0.1% 20.3 Hits Telecom Holding Co. 0.485 (0.2%) 11,214 Al Salam Bank - Sudan 2.160 14.9% 13.7 Most Active Stocks by Volume Most Active Stocks by Value Price Daily Value (AED) % Chg (AED Mn) 165.0 Source: KAMCO Research 4
5. KAMCO Research as as Nasdaq Dubai Daily Report October 9 , 2017 Stock Returns Index Performance relative to Volume 3,800 25 Market Cap. 20 FTSE Nasdaq DubaiI UAE 20 Index 3,600 3,500 15 3,400 3,300 10 3,200 3,100 Vol. Traded (Mln. Shares) 3,700 DTD YTD (USD Mn) % Chg Nasdaq Dubai 40,687 0.15% DP World 18,733 0.3% Nasdaq, Inc. 12,310 0.0% 10.0% 7,513 0.0% (29.5%) Orascom Construction Limited 842 (0.1%) Al Baraka Banking Group 453 0.0% (16.2%) Emirates REIT (CEIC) Limited 283 0.2% (17.8%) ENBD REIT (CEIC) Limited 253 1.0% (7.2%) DEPA Limited 222 0.0% 4.3% 78 0.0% (40.3%) Hikma Pharmaceuticals GDR % Chg 5.7% 28.9% 36.5% 5 3,000 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 0 Oct-16 2,900 BLME Holdings plc Top Movers and Most Active Stocks Best Return Performers ENBD REIT (CEIC) Limited DP World Emirates REIT (CEIC) Limited Trading Indicators Price Daily Value (USD) % Chg (USD) 1.03 1.0% 4,917 22.57 0.3% 4,050,764 0.95 0.2% 102,626 Market Return FTSE Nasdaq Dubai UAE 20 Market Cap (USD Mn) Trading Indicators Worst Return Performers Orascom Construction Limited Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 3,460.69 10.49 0.3% 1.0% 5.1% 40,687 60.0 0.1% (1.8%) 5.7% Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 Price Daily Value Volume (Mn Shares) 0.29 (0.66) (69.4%) 1.20 0.46 (USD) % Chg (USD) Value Traded (USD Mn) 4.16 (0.8) (15.7%) 5.61 4.58 7.15 (0.1%) 54 (35) (39.3%) 120 90 493 No. of Trades Market Breadth 3 Most Active Stocks by Volume DP World Price Daily Volume (USD) % Chg ('000 Shrs) Most Active Stocks by Value 1 5 Price Daily Value (USD) % Chg (USD) 22.57 0.3% 180,006 DP World 22.57 0.3% 4,050,764 Emirates REIT (CEIC) Limited 0.95 0.2% 108,709 Emirates REIT (CEIC) Limited 0.95 0.2% 102,626 ENBD REIT (CEIC) Limited 1.03 1.0% 4,774 ENBD REIT (CEIC) Limited 1.03 1.0% 4,917 Orascom Construction Limited 7.15 (0.1%) 69 Orascom Construction Limited 7.15 (0.1%) 493 Source: KAMCO Research 5
6. KAMCO Research Abu Dhabi Securities Exchange Daily Report October 9 , 2017 Sector Returns Index Performance relative to Volume 4,800 900 Market Cap. DTD MTD YTD 800 (AED Mn) % Chg % Chg % Chg (2.6%) 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 1.0% 0.2% 0.1% 1.7% 3,409 0.6% (0.2%) (12.5%) (12.4%) Inv. & Financial Services Real Estate 21,502 0.3% (0.4%) Energy 9,245 2.9% 0.6% 34.7% Consumer Staples 5,094 (0.2%) (1.3%) (16.6%) (1.5%) 10,664 0.3% (3.1%) 100 Insurance 9,704 (0.0%) 0.1% 15.8% 181,639 0.3% 2.8% (6.8%) 8,535 0.2% (0.6%) (13.9%) Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 0.3% Industrial 0 Oct-16 455,456 205,663 200 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 Best Return Performers Sudan Telecom. Co. Trading Indicators Price Daily Value (AED) % Chg (AED) 0.69 15.0% 18,070,846 Abu Dhabi National Energy Co. (TAQA) 0.69 3.0% 8,604,622 Sharjah Islamic Bank 1.40 2.9% 1,106,794 Dana Gas 0.75 2.7% 34,571,508 Eshraq Properties Co. 0.79 2.6% 21,554,332 Market Return ADX General Index Market Cap (AED Mn) Trading Indicators Closing DTD DTD MTD Value Chg % Chg % Chg YTD-17 % Chg 4,429.79 15.63 0.4% 0.7% (2.6%) 455,456 1,365 0.3% 1.0% (2.6%) Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 Price Daily Value Volume (Mn Shares) 134 (123.0) (47.8%) 113 99.1 (AED) % Chg (AED) Value Traded (AED Mn) 140 (1386.8) (90.8%) 203 584.7 Sharjah Group Co. 1.05 (8.7%) 48,040 34.3% 1,438 1,427 Al Khazna Insurance Co. 0.26 (3.7%) 218,594 Worst Return Performers Umm Al-Qaiwain Cement Ind. Co. 1.15 (2.5%) 5,750 International Fish Farming Co. 1.46 (1.4%) 1,237,951 Bank Of Sharjah 1.24 (0.8%) 1,674 Price Daily Volume (AED) % Chg ('000 Shrs) Dana Gas 0.75 2.7% 46,506 Eshraq Properties Co. 0.79 2.6% 27,242 Sudan Telecom. Co. 0.69 15.0% Abu Dhabi National Energy Co. (TAQA) 0.69 Waha Capital Co. 1.72 Most Active Stocks by Volume No. of Trades Market Breadth 1,455 372 15 8 43 Price Daily Value (AED) % Chg (AED) Dana Gas 0.75 2.7% 34,571,508 Eshraq Properties Co. 0.79 2.6% 21,554,332 26,295 Sudan Telecom. Co. 0.69 15.0% 18,070,846 3.0% 12,721 Waha Capital Co. 1.72 0.6% 11,919,258 0.6% 6,947 17.85 0.3% 11,482,665 Most Active Stocks by Value Emirates Telecom. Co. Source: KAMCO Research 6
7. KAMCO Research Qatar Exchange Daily Report October 9 , 2017 Index Performance relative to Volume Sector Returns 11,500 50 45 QE 20 Index Value 40 10,500 35 30 10,000 25 Vol. Traded (Mln Shares) 11,000 9,500 20 Market Cap. DTD MTD YTD (QAR Mn) % Chg % Chg % Chg Qatar Exchange 444,270 0.1% (2.3%) (21.1%) Banking & Finance 200,398 0.0% (1.7%) (15.2%) 17,854 (0.1%) (1.5%) (20.6%) Industrial 113,759 0.1% (0.9%) (23.4%) Insurance 18,978 (0.8%) (4.2%) (29.1%) Real Estate 42,845 1.4% (8.3%) (30.8%) Telecom 33,357 0.0% (1.0%) (17.7%) Transport 17,079 (0.2%) (2.9%) (35.7%) Goods & Consumer Services 15 9,000 10 Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector 8,500 5 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 0 Oct-16 8,000 Top Movers and Most Active Stocks Trading Indicators Price Daily Value (QAR) % Chg (QAR) Doha Insurance Co. 15.15 8.2% Zad Holding Co. 75.00 9.45 53.30 2.5% 63,908 142.40 1.6% 1,346,766 Best Return Performers Ezdan Holding Group Co. Qatar Islamic Insurance Al Meera Consumer Goods Co. Market Return 49,035 QE 20 Index 4.0% 15,000 Market Cap (QAR Mn) 3.3% 1,582,110 Trading Indicators Price Daily Value Volume ('000 Shares) (QAR) % Chg (QAR) Value Traded (QAR Mn) 7.50 (3.8%) 7,218,657 40.33 (3.7%) 1,912,907 7.80 (3.3%) 9,917,529 Gulf Warehousing Co. 42.15 (3.3%) 1,713,186 Al Khaleej Takaful Group 13.05 (3.0%) 211,467 Worst Return Performers Investment Holding Group Islamic Holding Group Vodafone Qatar No. of Trades Market Breadth Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 8,137.57 5.52 0.1% (2.1%) (22.0%) 444,270 553 0.1% (2.3%) (21.1%) Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 6,960 318 4.8% 10,241 183 31 20.4% 288 285 2,606 303 13.2% 3,473 4,237 16 22 7 Price Daily Volume (QAR) % Chg (Shares) Vodafone Qatar 7.80 (3.3%) 1,261,346 120.75 0.0% 47.8 Investment Holding Group 7.50 (3.8%) 941,982 Masraf Al Rayan 35.85 0.1% 18.3 35.85 0.1% 516,570 Industries Qatar 92.50 0.5% 12.9 13.78 (2.9%) 499,641 Barwa Real Estate Co. 30.45 (0.3%) 10.5 120.75 0.0% 399,440 Vodafone Qatar 7.80 (3.3%) 9.9 Most Active Stocks by Volume Masraf Al Rayan United Development Co. Qatar National Bank Most Active Stocks by Value Qatar National Bank Price 7,911 (QAR) Daily Value % Chg (QAR Mn) Source: KAMCO Research 7
8. KAMCO Research Bahrain Bourse Daily Report October 9 , 2017 Sector Returns Index Performance relative to Volume 1,500 200 Market Cap. DTD MTD YTD (BHD Mn) % Chg % Chg % Chg 0.3% (0.3%) 0.5% Bahrain All Share Index 1,400 160 140 1,300 120 100 1,200 80 Vol. Traded (Mln. Shares) 180 60 1,100 40 20 7,258 Commercial Banks 3,439 0.0% (0.8%) 2.0% Investment 1,924 1.1% 0.0% (6.5%) Insurance 148 0.0% 0.0% 4.9% Service 863 0.0% (0.1%) (14.2%) Hotel & Tourism 148 0.0% 0.0% (14.0%) Industrial 736 0.0% 0.4% 55.2% Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 0 Oct-16 1,000 Bahrain Bourse Top Movers and Most Active Stocks Trading Indicators Price Daily Value (BHD) % Chg (BHD) Gulf Finance House (USD) 0.455 4.6% 715,863 ITHMAR Bank (USD) 0.130 4.0% 17,594.6 Best Return Performers Market Return Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg Bahrain All Share Index 1,279.21 5.11 0.4% (0.3%) 4.8% Market Cap (BHD Mln) 7,258.45 20.56 0.3% (0.3%) 0.5% Trading Indicators Today's Value Worst Return Performers Al Baraka Banking Group (USD) DTD DTD Chg % Chg YTD-17 YTD-16 9.2% 4,682 2,006 (149) (11.1%) 818 438 (15) (13.2%) 76 41 Volume ('000 Shares) 6,324 533 1,198 99 Price Daily Value (BHD) % Chg (BHD) Value Traded (BHD '000) 0.375 (1.3%) 3,752 No. of Trades Average Daily Market Breadth 2 Most Active Stocks by Volume Price Daily Volume (BHD) % Chg (Shares) Gulf Finance House (USD) 0.455 4.6% 4,330,000 Ahli United Bank (USD) 0.695 0.0% 655,000 Most Active Stocks by Value 1 38 Price Daily Value (BHD) % Chg (BHD) Gulf Finance House (USD) 0.455 4.6% 715,863 Aluminum Bahrain 0.500 0.0% 200,498 Aluminum Bahrain 0.500 0.0% 401,000 Ahli United Bank (USD) 0.695 0.0% 171,620 ITHMAR Bank (USD) 0.130 4.0% 359,000 Seef Properties 0.230 0.0% 35,800 Al Salam Bank 0.094 0.0% 300,000 Al Salam Bank 0.094 0.0% 28,450 Source: KAMCO Research 8
9. KAMCO Research Muscat Securities Market Daily Report October 9 , 2017 Sector Returns 6,600 200 6,400 180 160 6,200 140 6,000 120 5,800 100 5,600 Vol. Traded (Mln. Shares) MSM 30 Index Value Index Performance relative to Volume 80 Market Cap. DTD MTD YTD (OMR Mn) % Chg % Chg % Chg Muscat Securities Mkt 4,606 (1.0%) 1.1% (28.4%) Financial 2,208 (1.0%) (1.1%) (21.9%) 405 (0.1%) (1.8%) (57.1%) 1,993 (1.3%) 4.3% (25.1%) Industrial Services Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector 5,400 60 5,200 40 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 0 Dec-16 4,800 Nov-16 20 Oct-16 5,000 Top Movers and Most Active Stocks Best Return Performers Oman United Insurance Trading Indicators Price Daily Value (OMR) % Chg (OMR) 0.340 0.6% 7,029,113 Market Return Price Daily Value (OMR) % Chg (OMR) Al Jazeira Services Co. 0.151 (3.2%) 4,727,242 Ooredoo 0.498 (3.1%) 60,606,719 Al Anwar Holding 0.146 (2.0%) 26,180,140 Bank Sohar 0.158 (1.9%) 95,441,020 Bank Muscat 0.388 (1.5%) 85,310,384 Most Active Stocks by Volume Price Daily Volume (OMR) % Chg (Shares) (1.9%) 578,044,512 DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg MSM 30 Index 5,168.12 (45.37) (0.9%) 0.6% (10.6%) Market Cap (OMR Mn) 4,606.15 (48.00) (1.0%) 1.1% (28.4%) Trading Indicators Worst Return Performers Closing Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 Volume ('000 Shares) 4,242 (164,352) (97.5%) 10,788 14,730 Value Traded (OMR '000) 1,154 (28,565) (96.1%) 2,784 3,500 199 (229) (53.5%) 432 734 No. of Trades Market Breadth 1 Most Active Stocks by Value 9 Price (OMR) 35 Daily Volume % Chg (OMR'000) Bank Sohar 0.158 Bank Sohar 0.158 (1.9%) 95,441.0 Al Madina Takaful 0.101 0.0% 336,068,854 Bank Muscat 0.388 (1.5%) 85,310.4 Al Madina Investment company 0.061 0.0% 248,088,890 Oman Telecom Co. 1.370 (1.4%) 67,659.2 Bank Muscat 0.388 (1.5%) 207,502,815 Ooredoo 0.498 (3.1%) 60,606.7 Al Anwar Holding 0.146 (2.0%) 131,184,750 Al Madina Takaful 0.101 0.0% 35,806.0 Source: KAMCO Research 9
10. KAMCO Research The Egyptian Exchange Daily Report October 9 , 2017 (The bulletin covers the top 60 companies by Mkt. Cap out of 336 listed companies) Index Performance relative to Volume Sector Returns 16,000 500 15,000 450 Market Cap. (EGP Mn) 14,000 400 DTD % Chg MTD % Chg YTD % Chg The Egyptian Exchange 486,827 0.5% 6.6% 19.6% Banking & Finance 143,257 0.6% (2.7%) 14.9% Basic Resources 40,624 1.9% 31.5% 92.6% Chemical 29,856 3.0% 23.7% 62.3% Construction & Material 44,438 (0.9%) 4.9% 26.1% Financial Services 29,618 1.5% 5.8% 2.0% Food & Beverage 12,040 1.3% 10.6% 54.5% 41.7% EGX 30 Index 350 12,000 300 11,000 250 10,000 200 Volume Traded (Mn Shrs) 13,000 9,000 Healthcare & Pharma. Ind. Goods,Services, Auto. Media 150 8,000 Oil & Gas 9,838 0.0% (6.9%) 29,172 (3.5%) 21.3% 35.0% 1,047 6.8% 37.0% 65.3% 1,205 8.4% 33.8% (81.1%) Personal & Household 27,136 (0.4%) 9.3% 17.5% Real Estate 42,907 2.2% 13.0% 7.9% Telecommunication 69,545 (0.6%) (1.2%) 2.3% 6,143 0.8% 43.4% 89.9% 100 7,000 50 6,000 Travel & Leisure 0 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 5,000 Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Top Movers and Most Active Stocks Best Return Performers Egyptian Iron & Steel Co. Alexandria Mineral Oils Co. Trading Indicators Price Daily (EGP) % Chg 6.29 9.0% EGX 30 Index 14.00 8.4% Market Cap (EGP Mn) Arab Polvara Spinning & Weaving Co. 2.34 7.8% Maridive & Oil Services 0.28 7.7% Extracted Oils 1.27 7.6% Worst Return Performers Suez Cement Co. Egyptian Co. for Mobile Services (MobiNil) Alexandria Cement Faisal Islamic Bank of Egypt EASTERN CO Most Active Stocks By Volume 0.8% 13.4% 486,827 2,454 0.5% 6.6% 19.6% Today's DTD DTD Value Chg % Chg Average Daily YTD-17 YTD-16 (81.9) (8.9%) 804 401 20,241 (1,666) (7.6%) 17,015 12,277 No. of Trades 121.88 (4.1%) Volume 0.8% 833 (4.2%) Price 115.72 165 27.25 (1.5%) % Chg 13,997.69 24.6% Value Traded (EGP Mn) (2.3%) YTD-17 % Chg 50.83 Daily 324.99 MTD % Chg 258 % Chg (3.3%) DTD Chg Volume (Mn Shares) Price 9.50 DTD Value Trading Indicators (EGP) 18.11 Closing Market Return 102 Market Breadth 42 Most Active Stocks By Value (EGP) ('000 Shrs) 9 Price (EGP) 9 Daily Value % Chg (EGP Mn) Citadel Capital 1.39 92,271 Citadel Capital 1.39 4.51% 128.59 Egyptian Resorts Co. 1.44 41,248 Palm Hills Developments 3.31 4.42% 86.32 Amer Group Holding 0.37 30,629 Elswedy Cables 107.50 2.81% 68.75 Palm Hills Developments 3.31 26,116 Arab Cotton Ginning 5.62 6.44% 61.97 Arab Cotton Ginning 5.62 11,034 Egyptian Resorts Co. 1.44 1.41% 59.59 Source: KAMCO Research 10
11. KAMCO Research Amman Stock Exchange Daily Report (1st Market) October 9, 2017 Sector Returns 1,925 0 Vol. Traded (Mln. Shares) 3 Market Cap. (JD Mn) Oct-17 1,975 Sep-17 6 Aug-17 2,025 Jul-17 9 Jun-17 2,075 May-17 12 Apr-17 2,125 Mar-17 15 Feb-17 2,175 Jan-17 18 Dec-16 2,225 Nov-16 21 Oct-16 ASE Index Value Index Performance relative to Volume 2,275 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 12,461 8,878 108 173 254 23 260 120 102 439 7 516 66 71 17 8 17 57 825 374 DTD % Chg MTD % Chg YTD % Chg (0.1%) 0.1% 0.0% (0.5%) (0.7%) 0.0% 0.0% 0.0% 0.7% (0.3%) (1.5%) (1.4%) 0.0% 0.9% (1.2%) 0.0% 0.0% (0.1%) (1.2%) (0.3%) (0.5%) (0.2%) (0.1%) 2.5% (2.2%) (1.9%) (0.7%) 3.4% 2.9% (1.8%) (1.5%) (4.5%) 0.0% 6.0% 1.0% 0.0% 0.0% (0.2%) (0.9%) (3.0%) (6.5%) (8.3%) (3.8%) 4.0% 5.5% (8.9%) (6.9%) (7.4%) 12.1% (6.6%) (27.2%) (15.7%) (0.4%) (9.5%) (11.2%) 0.0% 27.8% (14.0%) 6.1% 21.1% Engineering & Construction 48 0.0% (1.0%) 2.6% Electrical Industries 12 (1.0%) 1.1% (19.7%) Textiles , Leathers & Clothings 78 (0.1%) (0.8%) (22.1%) 6 0.0% 0.0% 0.0% YTD-17 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 UNITED FINANCIAL INVESTMENTS 0.74 7.2% ASE Index CONTEMPRO FOR HOUSING PROJECTS 0.84 5.0% Market Cap (JD Mn) EMMAR INVESTMENTS & REAL ESTATE DEV. 0.22 4.8% JORDANIAN PHARMACEUTICAL MANUFACTURING 0.44 4.8% JORDAN STEEL 0.56 3.7% Best Return Performers Closing DTD DTD MTD Value Chg % Chg % Chg % Chg 2,103.03 (6.21) (0.3%) (0.9%) (3.1%) 12,460.78 (15.93) (0.1%) (0.5%) (6.5%) Market Return Average Daily Today's DTD DTD Value Chg % Chg (19.3%) 3,585 4,414 29.0% 4,889 14,724 (46.0%) 7 2,085 21 82 Price Daily Value (JD) % Chg (JD) 26.00 (1.0%) 861,154 Trading Indicators Price Daily (JD) % Chg UNION TOBACCO & CIGARETTE INDUSTRIES 3.01 (4.7%) ALSHAMEKHA FOR REAL ESTATE & FINANCIAL INV. 0.83 (4.6%) Worst Return Performers ARAB ELECTRICAL INDUSTRIES 0.43 (4.4%) COMPREHENSIVE MULTIPLE PROJECT CO. 0.98 (3.9%) NATIONAL PORTFOLIO SECURITIES 0.75 (3.8%) Most Active Stocks By Volume SPECIALIZED INVESTMENT COMPOUNDS Price Volume (JD) ('000 Shrs) 0.98 361 Volume ('000 Shares) 2,025 (485) Value Traded (JD '000) 3,612 813 No. of Trades 1,250 Market Breadth Most Active Stocks By Value AL-EQBAL INVESTMENT CO. (1,063) 16 YTD-17 YTD-16 UNION INVESTMENT CORPORATION 1.20 167 JORDAN PETROLEUM REFINERY 2.71 (2.9%) 434,465 CENTURY INVESTMENT GROUP 2.35 161 CENTURY INVESTMENT GROUP 2.35 (0.4%) 375,730 JORDAN PETROLEUM REFINERY 2.71 159 SPECIALIZED INVESTMENT COMPOUNDS 0.98 (1.0%) 352,365 READY MIX CONCRETE & CONSTRUCTION SUPPLIES 1.06 125 ARAB BANK $USD 5.56 0.4% 261,194 Source: KAMCO Research 11
12. KAMCO Research Tunisia Stock Exchange Daily Report October 9 , 2017 Index Performance relative to Volume Sector Returns 2,000 6,500 Market Cap. DTD MTD YTD (DT Mn) % Chg % Chg % Chg 6,400 1,800 1,600 6,200 Tunisia Index 6,100 1,400 6,000 1,200 5,900 5,800 1,000 5,700 Vol. Traded ('000. Shares) 6,300 800 5,600 Tunis Stock Exchange 19,020 (0.5%) (0.7%) 9.9% 8,789 (0.3%) (0.9%) 16.3% Insurance 629 (0.7%) (0.7%) (3.9%) Leasing 614 (7.8%) (8.5%) (9.6%) Financial Services 1,732 (0.4%) (0.7%) 12.7% Industrial 1,297 (0.1%) 0.9% 4.4% 331 (1.0%) (4.0%) (28.2%) Food & Beverage 2,837 (0.0%) 1.4% 8.4% Retailing 1,396 0.4% (0.4%) (2.8%) Others 1,394 (0.1%) (0.6%) 24.2% Banking Chemical Industry 5,500 600 5,400 400 5,300 Oct/17 Sep/17 Aug/17 Jul/17 Jun/17 May/17 Apr/17 Mar/17 Feb/17 Jan/17 Dec/16 Nov/16 200 Oct/16 5,200 Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector Top Movers and Most Active Stocks Trading Indicators Price Daily (DT) % Chg Manufacture de Panneaux Bois du Sud 2.62 2.7% Tunisia Index Unimed Laboratories 8.15 1.7% Market Cap (DT Mln) Ciments De Bizerte 2.74 1.5% Société El Wifack Leasing 6.90 1.5% Société Moderne de Céramique 1.13 0.9% Best Return Performers Daily % Chg Value Traded ('000 DT) Air Liquide Tunisie 90.84 (4.5%) No. of Trades Banque de Tunisie et des Emirats 14.00 (3.0%) 3.46 (2.8%) TelNet Holding 5.59 (2.6%) Electrostar 2.88 (2.0%) Most Active Stocks By Volume Poulina Group Holding Société Frigorifique et Brasserie de Tunis Price Volume (DT) (Shares) 8.10 37,100 DTD MTD YTD-17 Chg % Chg % Chg % Chg 6,171.54 (5.62) (0.1%) (0.1%) 12.4% 19,020 (90.26) (0.5%) (0.7%) 9.9% Volume ('000 Shares) (DT) SOTIPAPIER DTD Value Trading Indicators Price Worst Return Performers Closing Market Return Average Daily Today's DTD DTD Value Chg % Chg 156 (193.0) (55.3%) 385 556 1,304 (1,173) (47.4%) 2,931 3,931 529 (263.0) (33.2%) 971 1,182 Market Breadth 12 YTD-17 17 YTD-16 37 Price Daily Value (DT) % Chg (DT '000) Les Placements de Tunisie – SICAF 37.00 0.0% 301 Most Active Stocks By Value 20.20 14,353 Société Frigorifique et Brasserie de Tunis 20.20 0.0% 290 Banque de Tunisie 8.05 11,779 Banque Nationale Agricole 11.60 0.0% 128 Société Moderne de Céramique 1.13 11,726 Banque de Tunisie 8.05 0.0% 95 Société Générale Industrielle de Filtration 1.63 11,576 Société d’Articles Hygiéniques 15.19 (0.1%) 51 Source: KAMCO Research 12
13. KAMCO Research Beirut Stock Exchange Daily Report October 9 , 2017 Sector Returns Index Performance relative to Volume 1,250 7,500 1,240 Market Cap. DTD MTD YTD (USD Mn) % Chg % Chg % Chg 11,418 0.2% 0.5% (3.8%) 9,763 0.1% 0.4% (1.0%) 302 0.0% 6.8% 19.0% 35 0.0% 0.0% 0.0% 1,318 1.3% (0.2%) (23.4%) 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 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 1,130 Oct-16 1,140 0 Trading Indicators Top Movers and Most Active Stocks Best Return Performers Price Daily (USD) % Chg Market Return Solidere A 7.98 1.7% Blom Stock Index Solidere B 8.00 0.9% Market Cap (USD Mn) BLOM Bank 11.65 0.3% BLOM Bank GDR 12.70 0.2% Trading Indicators Worst Return Performers Price Daily (USD) % Chg Volume ('000s shares) Value Traded ('000s USD) Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 1,155.39 3.08 0.3% 0.5% (4.7%) 11,417.83 28.37 0.2% 0.5% (3.8%) Average Daily Today's DTD DTD Value Chg % Chg 44.72 (26) (36.8%) 332 662 437.46 (387) (47.0%) 2,846 2,878 YTD-17 YTD-16 No Losers Market Breadth 4 Most Active Stocks by Volume Price Volume (USD) (Shares) Most Active Stocks by Value 0 31 Price Daily Value (USD) % Chg (USD) Solidere B 8.00 20,065 Solidere B 8.00 0.9% 160,480 Solidere A 7.98 19,393 Solidere A 7.98 1.7% 152,534 Bank of Beirut Preferred Class I 25.35 4,560 Bank of Beirut Preferred Class I 25.35 0.0% 115,596 BLOM Bank GDR 12.70 605 BLOM Bank GDR 12.70 0.2% 7,684 BLOM Bank 11.65 100 BLOM Bank 11.65 0.3% 1,165 Source: KAMCO Research 13
14. KAMCO Research Casablanca Stock Exchange Daily Report October 9 , 2017 (The Bulletin covers the 41 Stocks listed on the Main Market) Index Performance relative to Volume Sector Returns 22000 13,250 13,000 20000 Market Cap. DTD MTD YTD (MAD Mn) % Chg % Chg % Chg 4.6% 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 562,833 (0.5%) 1.7% Banking 214,058 (0.6%) 2.1% 8.4% 3,416 (4.6%) (4.6%) 19.0% Beverages Chemicals 1,687 (1.0%) 16.2% 329.9% Construction & Bldg. Material 71,285 (0.4%) 5.3% (8.1%) Distributors 10,676 (0.5%) (2.1%) 0.1% 334 (5.9%) (21.8%) 0.6% Electricity 20,079 0.0% 2.6% 9% Food Producers & Processors 16,888 (0.4%) 1.0% (6.7%) Electrical & Electronic Equip. Holding Companies 2,803 (1.4%) 3.2% 10.3% 26,635 2.5% 1.5% 11.1% Investment & other Finance 3,964 (0.3%) (2.5%) 8.4% Leisures & Hotel 1,989 1.9% 6.8% 17.8% Insurance 10,500 8000 10,250 10,000 6000 9,750 4000 9,500 9,250 2000 Materials, Software & Computer 1,627 (3.9%) (3.8%) 34.1% Mining 23,788 (0.3%) (1.4%) 50.2% Oil & Gas 11,215 (4.4%) 0.6% 5.7% Real Estate 25,603 (1.1%) 5.4% 12.2% (3.4%) Telecommunications 120,568 (0.3%) 0.0% Transport 1,091 0.0% 0.8% 46.1% Utilities 5,040 (4.3%) (4.5%) 16.7% 91 0.0% 0.0% 39.4% 9,000 0 Oct/17 Sep/17 Aug/17 Jul/17 Jun/17 May/17 Apr/17 Mar/17 Feb/17 Jan/17 Dec/16 Nov/16 Oct/16 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 ENNAKL Automobiles Trading Indicators Price Daily (MAD) % Chg Market Return Closing DTD DTD MTD YTD-17 Value Chg % Chg % Chg % Chg 54.58 3.8% MASI Index 12,392.80 (63.23) (0.5%) 2.1% 6.4% 4,979.00 3.7% MADEX Index 10,113.61 (39.06) (0.4%) 2.4% 5.9% Lesieur Cristal 163.95 2.4% Market Cap (MAD Mn) 562,833 (2.71) (0.5%) 1.7% 4.6% Risma 138.80 1.9% 1,434.00 1.0% Wafa Assurances SAHAM ASSURANCE Trading Indicators Worst Return Performers Hightech Payment Systems SA Nexans Maroc Afriquia Gaz Alliances Developpement Immobilier Les Eaux Minerales d Oulmes Most Active Stocks By Volume Alliances Developpement Immobilier Price Daily (MAD) % Chg Volume ('000 Shares) 1,355.00 (6.0%) Value Traded (MAD Mn) 148.90 (5.9%) 2,820.00 (5.0%) 247.00 (5.0%) 1,725.00 (4.6%) Price Volume (MAD) (Shrs) Average Daily Today's DTD DTD Value Chg % Chg 380.36 (192.0) (33.5%) 986 516 46.97 (16.07) (25.5%) 68 70 Market Breadth Most Active Stocks By Value 8 YTD-17 23 Price YTD-16 10 Daily Value (MAD) % Chg (MAD Mn) 247.00 122,983 Alliances Developpement Immobilier 247.00 (5.0%) 15.19 Douja Prom Addoha 45.55 74,316 Societe Nationale d'Electrolyse et de Petrochimie 702.90 (1.0%) 5.88 Itissalat Al-Maghrib 137.15 47,623 Comp Suc Maroc Et De Raff 294.85 (1.4%) 4.86 Comp Suc Maroc Et De Raff 294.85 32,868 Attijariwafa Bank 476.25 (0.8%) 3.78 Attijariwafa Bank 476.25 15,858 Itissalat Al-Maghrib 137.15 (0.3%) 3.27 Source: KAMCO Research 14
15. KAMCO Research Damascus Securities Exchange Daily Report October 9 , 2017 Index Performance relative to Volume Sector Returns 3,800 700 Market Cap. DTD MTD MTD (SRY Mn) % Chg % Chg % Chg 375,141 0.9% 8.1% 113.6% 350,281 1.0% 8.5% 121.8% 3,600 600 3,400 Damascus SE 500 DSE TRW Index 3,000 2,800 400 2,600 2,400 300 2,200 2,000 Vol. Traded ('000. Shares) 3,200 200 Banking Services 1,733 0.0% 1.6% 17.3% Industrial 7,167 0.0% 1.8% (1.8%) Insurance 15,432 0.4% 4.8% 84.5% 528 0.0% 0.0% 0.0% Agricultural Sectors' MTD % Chg is based on the Change in market cap. and it might not conform with the benchmark % Chg for each sector 1,800 1,600 100 1,400 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 0 Oct-16 1,200 Trading Indicators Top Movers and Most Active Stocks Closing DTD DTD MTD Value Chg. % Chg. % Chg. % Chg. 33.93 1.0% 8.3% 117.8% 3,524.6 0.9% 8.1% 113.6% Best Return Performers Price (SRY) Daily % Chg Bank of Jordan Syria 358.50 4.9% DSE Weighted Index 3,522.75 Syria Gulf Bank 278.27 4.8% Market Cap (SRY Mn) 375,141 Cham Bank 497.65 3.6% Fransabank Syria 422.08 2.5% Syria International Islamic Bank 499.93 1.4% Market Return Trading Indicators Worst Return Performers Price (SRY) Daily % Chg Al Baraka Bank - Syria 757.28 (0.5%) Qatar National Bank Syria 426.16 (0.2%) Today's DTD DTD Value Chg. % Chg. YTD-17 Average Daily YTD-17 YTD-16 Volume (Shrs) 53,383 (108,940) (67.1%) 104,093 26 Value Traded ('000 SRY) 23,291 (50,502) (68.4%) 33,207 14,302 101 (112.0) (52.6%) 81 46.2 No. of Trades Market Breadth 6 2 Price (SRY) Volume (Shrs) Syria Gulf Bank 278.27 16,178 Al Baraka Bank - Syria 757.28 (0.5%) 6,613,344 Al Baraka Bank - Syria 757.28 8,733 Syria Gulf Bank 278.27 4.8% 4,501,868 Most Active Stocks by Volume Most Active Stocks by Value Price (SRY) 16 Daily % Chg Value (SRY) Qatar National Bank Syria 426.16 6,300 Syria International Islamic Bank 499.93 1.4% 2,966,594 Syria International Islamic Bank 499.93 5,934 Qatar National Bank Syria 426.16 (0.2%) 2,684,805 Al-Aqeelah Takaful Insurance 305.85 4,932 Cham Bank 497.65 3.6% 2,428,531 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