MENA Markets Weekly Wrap - 27 December

Transcription

1. Research @Markaz.com Weekly Wrap Equity Watch Indicators GCC Markets S&P GCC Composite Saudi (TASI) Qatar(QE Index) Abu Dhabi (ADI) Kuwait All Share Index (PR) Kuwait All Share Index (TR) Dubai (DFMGI) Bahrain (BAX) Oman(Muscat SM) Developed markets MSCI World Index U.S. (S&P 500) U.K. (FTSE) Japan (Topix) Emerging markets MSCI EM Index China (Shanghai Indx.) India (Sensex) Blue Chip Watch Companies M.Cap (USD Bn) December 27, 2020 Value Traded & Advances/Decline Ratio M. Cap (USD Bn) Close Price WTD % MTD % YTD% 455 2,425 152 200 108 108 73 21 11 115 8,703 10,538 5,126 5,569 6,704 2,528 1,493 3,600 -0.1 -0.1 0.6 -0.2 -1.3 -1.3 -0.9 0.0 -0.4 1.1 -0.5 2.7 3.2 2.0 2.1 4.5 1.0 -1.2 -1.3 5.1 3.7 3.7 6.4 4.7 1.1 7.3 0.3 1.0 5.2 3.6 -11.4 4.9 -7.6 8.5 -8.6 -9.1 -4.2 -7.3 4.6 4.4 -9.6 -10.7 -7.9 15 20 17 15 20 20 9 9 9 49,095 33,177 2,539 6,402 2,659 3,703 6,502 1,778 -0.3 -0.2 -0.4 -0.8 2.9 2.2 3.8 1.3 12.8 8.1 9.5 14.6 11.3 12.2 -13.8 -5.2 0.6 3.3 -0.7 2.9 28 29 17 20 7,116 6,144 1,232 1,255 3,560 46,974 -1.0 0.0 0.0 4.2 0.1 6.4 12.6 11.4 13.9 20 15 29 3-Yr 5-Yr P/E CAGR CAGR TTM 2.9 9.4 1.0 -0.9 11.5 12.5 Close Price WTD % MTD % YTD % 3-Yr CAGR 5-Yr CAGR P/E TTM 35 101 105 75 43 -0.6 0.2 -0.9 0.7 2.5 -2.8 4.4 -2.2 -0.4 2.1 -0.7 7.8 3.5 13.9 -12.4 -0.3 15.3 21.1 6.6 5.2 9.6 16.8 4.7 34 20 19 11 1 17 13 42 11 0.7 0.6 -0.8 2.5 -2.3 -3.4 0.5 4.6 4.0 -3.2 176.4 6.4 -12.9 572.6 -18.5 37.8 -0.2 8.8 209.2 10.3 26.8 1.8 10.5 104.8 8.5 17 15 34 9 847 679 609 572 676 -1.6 -0.7 -2.9 -0.9 -0.9 0.8 -0.1 4.8 -2.7 5.1 -16.9 -7.9 1.5 -6.3 -5.0 10.4 16.2 12.0 17.3 8.6 6.7 15.2 11.7 12.0 18.5 23 32 13 47 23 18 11 2 17 5 0.8 1.6 0.3 2.1 2.1 0.4 11.6 4.1 5.7 -12.1 7.4 193.7 13.2 14.0 12.5 4.1 13.7 21.0 6.8 6.3 0.1 2.1 10.3 4.1 14 45 14 15 Saudi Arabia Saudi Aramco 1,866 SABIC 81 Saudi Telecom 56 50 Al-Rajhi Bank NCB 34 United Arab Emirates 44 TAQA 41 ETISALAT 39 FAB 21 Intl. Holding Co. 18 Emirates NBD Kuwait 19 NBK 17 KFH 9 Zain 6 Boubyan Bank 4 Agility Qatar 46 QNB Industries Qatar 18 13 Ezdan Holding 11 Qatar Islamic Bank Masraf Al Rayan 9 Companies Saudi Arabia Country Saudi Kayan Petrochemical Company Ooredoo Human Soft Holding Company Saudi Industrial Investment Group Bank of Bahrain and Kuwait KSA Qatar Kuwait KSA Bahrain M. Cap (USD Bn) 5.8 6.7 1.5 3.4 1.7 WTD % 6.3% 5.6% 4.1% 3.5% 3.2% Companies Damac Properties Dubai Co Saudi Arabia Fertilizers Co Seera Group Holding Orascom Construction Jabal Omar Development Company Country WTD % UAE KSA KSA UAE KSA 2.3 9.0 1.5 1.2 7.4 -7.2% -5.6% -5.4% -5.0% -4.5% 63 132 11 3,344 166 43 93 30 267 UAE 149 122 22 39 61 210 Qatar 35 46 26 17 3 97 Bahrain 1 44 19 6 19 2 Oman 2 121 16 21 84 3 Total 2,875 705 189 308 208 3,924 US Treasuries (In %) KIBOR Yield Curve (%) 5-year CDS Spread Country 52-Week Current 2019 70.4 39.6 113.8 38.2 38.6 219.0 254.3 - 58.5 34.8 91.0 44.9 36.8 266.0 167.1 3,065.7 KSA Abu-Dhabi Dubai Kuwait Qatar Oman Bahrain Lebanon High Low 232.4 155.0 324.6 84.0 181.0 637.0 508.5 13,893.4 58.5 34.6 90.9 34.3 36.5 199.0 158.5 787.5 Interest Rate Watch Deposit Rate 3M Rate % Spread % 5YR Rate 10YR Rate U.S. 0.1 0.4 Kuwait 1.0 0.9 0.5 KSA** 0.4 0.4 0.7 UAE 0.1 -0.0 0.5 Qatar 0.1 -0.0 1.8 Oman 2.2 2.1 3.7 Bahrain 2.0 1.9 3.9 Euro Region -0.6 -0.7 -0.7 Last FOMC Meeting Date: Nov 04/05 Next FOMC Mt Date: Dec MTD YTD % % 20.7% 30.3% 13.5% 8.3% 11.7% 26.1% 6.5% 16.5% 2.6% -12.0% MTD % 206 81 LIBOR (In %) Commodity Watch Top 5 Losers*  M. Cap (USD Bn) 2,607 Kuwait Yield Curve & CDS Watch Top 5 Gainers*  Companies Value Traded Listed ADTV – 1M Advances Declines Unchanged (USD mn) companies (USD mn) Precious Metals YTD % 20.3% 91.1% -1.1% 4.6% -4.4% -14.1% -5.0% -18.9% -8.9% 9.9% 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;* Since Inception TR = Total Return\PR = Price Return; Total Return is Price Return + Dividend Return Market News Gold $/oz Silver $/oz IPE Brent $/bbl Bitcoin/USD Currency Watch USD (1 EUR =) Yen (1 USD =) KWD (1 USD =) CNY (1 EUR =) CBOE VIX index 0.9 2.6 2.1 1.2 1.6 5.4 4.7 -0.5 15/16 52-Week Close Price 1,875.8 25.9 51.3 26,466 WTD % -0.3 0.3 -1.9 11.0 MTD % 5.6 14.4 7.8 34.3 YTD % 23.7 45.0 -22.3 269.2 High Low 2,063.2 29.2 68.7 26,466 1,469.8 12.0 19.5 4,841.7 1.2 103.5 0.3 6.5 21.5 -0.4 0.2 0.4 0.1 -0.2 2.3 -0.8 0.0 -0.5 4.7 8.9 -4.7 0.8 -6.0 56.2 1.2 112.1 0.3 7.2 82.7 1.1 102.3 0.3 6.5 11.5  Saudi Arabia's exports fell by 24.7% y-o-y in October mainly due to the fall in oil exports, which declined by 32.7% y-o-y while non-oil exports fell by 0.3%. – Zawya  Britain has clinched a narrow Brexit trade deal with the European Union, just seven days before it exits one of the world’s biggest trading blocs. - Reuters  Saudi Riyal has been included as a settlement currency in Buna, the regional cross-border payment system owned by the Arab Monetary Fund. – Zawya  China has extended tariff exemptions for imports of six products from the United States including white oil and food-grade petroleum wax, for another year. - Reuters 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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