MENA Markets Weekly Wrap - 21 February

Transcription

1. Research @M arkaz.com Weekly Wrap Equity Watch February 21, 2021 Value Traded & Advances/Decline Ratio M . C ap C lose (U S D Bn) P rice Indicators GC C M ar kets S &P G C C C omposite S audi (TA S I) Q atar(Q E Index) A bu Dhabi (A DI) Kuw ait A ll S hare Index (P R) Kuw ait A ll S hare Index (TR) Dubai (DF M G I) Bahrain (BA X) O man(M uscat S M ) Developed mar kets M S C I World Index U .S . (S &P 500) U .K. (F TS E ) Japan (Topix) Emer ging mar kets M S C I E M Index C hina (S hanghai Indx.) India (S ensex) WTD % M TD % YTD 3-Yr 5-Yr P /E % C A GR C A GR TTM 471 2,438 146 215 111 111 77 21 11 119 9,024 10,273 5,643 5,691 6,852 2,576 1,481 3,566 0.1 0.9 -2.4 -0.4 -0.1 -0.1 -2.2 1.3 0.2 2.0 3.7 -1.9 0.9 -1.5 -1.5 -2.9 1.3 -2.4 4.0 4.9 3.9 6.2 -1.6 4.1 11.8 7.2 2.6 4.9 2.6 8.6 3.4 -7.8 -0.6 3.1 -2.5 -10.5 6.2 8.4 0.5 5.5 -4.2 4.7 -8.1 15 23 18 16 21 21 13 9 9 46,648 34,954 2,703 6,828 2,806 3,907 6,624 1,929 -0.4 -0.7 0.5 -0.3 5.4 5.2 3.4 6.6 4.3 4.0 2.5 6.9 9.9 13.0 -3.0 3.4 12.7 15.3 2.1 8.4 25 30 17 19 6,415 6,746 1,336 1,430 3,875 50,890 0.1 1.1 -1.3 7.6 6.1 9.9 10.7 6.4 6.6 6.0 4.2 14.6 13.9 5.0 16.8 18 16 32 C ompanies V alue Traded Listed A DTV – 1M A dv ances Declines U nchanged (U S D mn) companies (U S D mn) S audi A rabia 3,168 206 148 51 7 2,525 Kuw ait 139 164 50 84 30 149 UA E 276 132 32 41 59 244 Q atar 92 46 10 36 - 72 Bahrain 5 44 21 5 18 2 O man 1 121 15 24 82 4 T otal 3 ,6 8 0 713 276 241 196 2 ,9 9 6 Yield Curve & CDS Watch LIBOR (In %) US Treasuries (In %) Blue Chip Watch C ompanies M .C ap (U S D Bn) Saudi A r abia S audi A ramco 1,853 S A BIC 82 S audi Telecom 62 A l-Rajhi Bank 56 NC B 36 United A r ab Emirates TA QA 47 E TIS ALAT 44 43 FAB 23 Intl. H olding C o. E mirates N BD 20 Kuwait 19 N BK 18 KF H 9 Zain 5 Bouby an Bank 5 A gility Q atar 41 Q atar N ational Bank Industries Q atar E zdan H olding Q atar Islamic Bank M asraf A l Ray an Top 5 Gainers * C lose P rice WTD % M TD % YTD % 3-Yr 5-Yr C A GR C A GR P /E TTM 35 102 115 83 45 0.6 -0.2 -0.2 4.3 0.3 0.3 1.2 2.3 15.4 8.0 -0.7 0.6 8.9 13.3 4.7 -0.8 15.0 19.7 4.6 7.1 11.9 18.8 11.7 33 21 20 12 20 15 1 47 11 -0.7 -0.5 -3.5 0.6 -1.7 -0.1 0.8 -4.1 1.7 -1.3 16.8 15.5 -3.5 11.4 11.2 4.3 9.5 22.3 219.9 10.9 3.4 12.9 25.3 106.4 9.6 19 16 40 39 11 832 720 622 546 727 -0.7 -1.3 -0.9 -2.9 -4.7 -0.3 -2.8 -4.4 -3.5 -1.0 6.4 2.6 -3.9 7.5 8.2 17.5 11.0 12.0 9.5 8.3 18.6 11.6 13.7 23.4 26 38 14 57 24 16 -3.9 -8.7 -8.3 8.8 5.4 14 12 2 17 4 -0.7 -1.7 -1.9 -2.2 1.0 -0.2 0.8 -0.9 11.5 -5.2 -2.7 -5.0 3.7 19.0 18.7 1.2 2.1 2.9 11.0 3.1 37 14 15 KIBOR Yield Curve (%) 5-year CDS Spread C ountry 20 12 11 9 C ompanies C ountry Know ledge E conomic C ity C ompany Q atar A luminum M anufacturing C o. H uman S oft H olding C ompany S audi A rabian M ining C ompany E maar The E conomic C ity KS A Q atar Kuw ait KS A KS A WTD % 24.7% 9.2% 8.6% 7.7% 6.7% M TD % 22.1% 9.8% 8.0% 23.4% 3.9% YTD % 18.2% 6.7% 3.4% 24.9% 0.7% WTD % M TD % YTD % -9.7% -9.6% -8.3% -7.3% -6.3% 2020 63.4 41.5 110.9 39.2 42.5 223.5 254.5 - 67.4 39.6 113.8 38.2 38.6 217.5 254.3 13,893.4 KS A A bu-Dhabi Dubai Kuw ait Q atar O man Bahrain Lebanon High Low 232.4 155.0 324.6 84.0 181.0 637.0 508.5 13,893.4 62.0 37.4 99.8 35.0 37.3 208.0 169.9 787.5 Interest Rate Watch Deposit Rate  M . C ap (U S D Bn) 1.3 1.6 1.6 16.6 2.1 52-Week C urrent 3M Rate % S pread % U .S . 0.1 Kuw ait 1.0 KS A ** 0.8 UA E 0.1 Q atar 0.6 O man 2.2 Bahrain 2.0 E uro Region -0.6 Last F O MC M eeting Date: Jan 26/27 Top 5 Losers *  0.9 0.7 -0.0 0.5 2.1 1.9 -0.7 5YR Rate 10YR Rate 0.6 1.3 0.7 2.6 0.8 2.3 0.4 1.4 3.1 1.9 3.2 5.0 3.8 5.0 -0.6 -0.3 N ext F O MC M t Date: M ar 16/17 Commodity Watch C ompanies C ountry M . C ap (U S D Bn) O oredoo E mirates Refreshments Banque S audi F ransi Dubai F inancial M arket Bahrain Telecommunications C ompany Q atar UA E KS A UA E Bahrain 6.8 2.4 9.4 2.2 2.4 P r ecious M etals G old $ /oz S ilv er $ /oz IP E Brent $ /bbl Bitcoin/U S D C ur r ency Watch U S D (1 E U R =) Yen (1 U S D =) KWD (1 U S D =) C N Y (1 E U R =) C BO E VIX index -8.2% 2.5% 65.8% 475.9% -11.2% -7.3% -16.4% 9.7% -7.6% -8.3% CAGR – Compounded annual growth rate | ADTV – Average daily traded value | M. Cap - Market capitalization TTM – Trailing twelve months | YTD – Year to date | * Mcap > USD 1bn Note: **12yr for Saudi Arabia TR = Total Return\PR = Price Return; Total Return is Price Return + Dividend Return Market News  Saudi Tadawul approves government debt instruments listing. The listing request was submitted by the Saudi Ministry of Finance. – Zawya  Mergers and acquisitions (M&A) activity in MENA region will surge in the insurance sector in first half of 2021, given the volume of deals announced in recent months . – Clyde & Co C lose P rice WTD % M TD % YTD % High 52-Week Low 1,782.3 27.2 62.9 55,936.0 -2.3 -0.5 0.8 18.0 -3.5 0.8 12.6 68.8 -6.0 3.2 21.4 92.9 2,063.2 29.2 64.8 55,935.5 1,469.8 12.0 19.5 4,841.7 1.2 105.4 0.3 6.5 22.5 -0.0 0.5 0.1 0.0 12.6 -0.2 0.7 -0.1 0.5 -32.0 -0.8 2.1 -0.5 -1.1 -1.1 1.2 111.2 0.3 7.2 82.7 1.1 102.3 0.3 6.4 11.5  Britain could restrict imports of European mineral water and several food products under retaliatory measures being considered by ministers over Brussels’ refusal to end its blockade on British shellfish. - Telegraph  Bitcoin hit a fresh high on Saturday, extending a two-month rally that took its market capitalization above USD 1 trillion. – Bank of England Deputy Governor This report has been prepared and issued by Kuwait Financial Centre K.P.S.C (Markaz), which is regulated by the Capital Markets Authority and the Central Bank of Kuwait. 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