MENA Markets Weekly Wrap - 7 February

Transcription

1. Research @M arkaz.com Weekly Wrap Equity Watch February 07, 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 459 2,370 149 217 111 111 80 21 11 116 8,618 10,431 5,664 5,694 6,854 2,671 1,461 3,606 -1.4 -2.1 -1.1 0.4 -0.9 -0.9 -1.0 0.3 -1.2 -0.5 -1.0 -0.4 1.3 -1.5 -1.5 0.6 -0.1 -1.3 1.4 4.5 -0.8 5.2 -0.0 5.5 12.3 7.2 2.7 4.9 2.7 8.6 7.2 -7.0 -1.9 3.1 -1.4 -10.4 6.2 8.0 1.5 6.9 -2.7 4.6 -7.7 15 21 17 17 21 21 10 9 9 46,648 34,788 2,597 6,709 2,773 3,887 6,489 1,891 4.2 4.6 1.3 4.5 4.2 4.6 1.3 4.5 3.1 3.5 0.4 4.8 10.7 14.6 -3.3 2.3 13.3 16.0 2.9 7.7 25 30 17 20 6,415 6,387 1,326 1,395 3,665 50,732 4.9 0.4 9.6 4.9 0.4 9.6 8.1 0.7 6.2 6.3 2.4 13.8 13.8 4.9 16.1 18 15 31 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 2,477 206 21 173 12 2,145 Kuw ait 161 164 45 90 29 129 UA E 198 132 35 41 56 202 Q atar 49 46 20 26 - 71 Bahrain 2 44 16 7 21 2 O man 1 121 19 24 78 4 T otal 2 ,8 8 7 713 156 361 196 2 ,5 5 3 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 1,810 S A BIC 79 S audi Telecom 60 A l-Rajhi Bank 49 NC B 34 United A r ab Emirates TA QA 47 E TIS ALAT 45 44 FAB 23 Intl. H olding C o. E mirates N BD 20 Kuwait 19 N BK 18 KF H 9 Zain 6 Bouby an Bank 5 A gility Q atar 44 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 * 20 13 11 9 C lose P rice WTD % M TD % YTD % 3-Yr 5-Yr C A GR C A GR P /E TTM 34 99 113 74 43 -2.3 -3.1 -0.4 1.6 -0.2 -2.0 -1.4 2.6 2.3 -3.0 -2.0 6.4 0.8 -0.8 -1.5 15.8 17.3 3.5 8.5 12.4 17.3 10.1 33 20 19 11 20 1 15 46 12 -0.3 0.7 -0.9 0.2 -1.7 0.3 0.7 0.7 0.1 - 17.3 1.4 15.3 9.7 12.6 4.4 36.8 9.1 219.0 12.5 4.5 28.3 13.4 120.7 10.2 19 54 16 38 12 854 719 630 565 744 -2.2 0.6 -0.5 -1.6 -0.7 -2.2 -0.4 -1.6 -1.1 -1.2 1.7 6.2 4.0 -0.5 10.1 9.6 17.2 10.8 13.8 9.5 8.9 19.3 12.2 14.4 23.4 26 34 14 59 25 17 -4.2 -3.7 -3.3 10.5 6.3 14 12 2 17 4 -2.3 0.8 2.1 -0.3 -1.9 2.0 2.7 0.7 8.3 -3.2 -0.9 -3.4 4.4 20.8 18.5 3.3 3.3 3.1 11.7 4.8 48 14 15 KIBOR Yield Curve (%) 5-year CDS Spread C ountry E mirates Refreshments H alw ani Brothers C ompany O rascom C onstruction A ldar P roperties A gthia G roup C ountry UA E KS A UA E UA E UA E A rabian C entres C ompany A rabian C ement C ompany F aw az A bdulaziz A lhokair C ompany Banque S audi F ransi N ational Building and M arketing C ompany 67.4 43.5 110.9 38.2 42.5 218.5 254.4 - 67.4 39.6 113.8 38.2 38.6 217.5 254.3 13,893.4 High Low 232.4 155.0 324.6 84.0 181.0 637.0 508.5 13,893.4 61.9 37.4 94.2 34.6 37.3 199.0 167.0 787.5 Interest Rate Watch Deposit Rate 3M Rate % S pread % U .S . 0.1 Kuw ait 1.1 KS A ** 0.5 UA E 0.1 Q atar 0.6 O man 2.2 Bahrain 1.6 E uro Region -0.6 Last F O MC M eeting Date: Jan 26/27 M . C ap WTD M TD YTD (U S D Bn) % % % 2.5 100.0% 74.2% 505.1% 1.0 30.9% 19.0% 39.8% 1.4 10.4% 10.4% 15.2% 8.2 9.7% 10.3% 21.9% 1.1 4.2% 3.0% 28.5% Top 5 Losers *  C ompanies 2020 KS A A bu-Dhabi Dubai Kuw ait Q atar O man Bahrain Lebanon  C ompanies 52-Week C urrent 1.0 0.4 -0.0 0.5 2.1 1.5 -0.7 5YR Rate 10YR Rate 0.5 1.2 0.6 2.6 0.7 2.2 0.6 1.3 3.0 1.7 3.1 4.6 3.8 4.8 -0.7 -0.4 N ext F O MC M t Date: M ar 16/17 Commodity Watch C ountry M . C ap (U S D Bn) WTD % M TD % YTD % KS A KS A KS A KS A KS A 2.7 1.1 1.1 9.9 1.1 -10.8% -9.2% -8.8% -8.3% -8.3% -9.9% -8.4% -6.8% -6.5% -2.5% -15.3% 11.8% -10.9% -2.4% -24.8% 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 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 C lose P rice 1,811.6 26.8 59.3 39,282.1 WTD % -1.9 -0.6 6.2 14.7 M TD % -1.9 -0.6 6.2 18.5 YTD % -4.5 1.8 14.6 35.5 High 52-Week Low 2,063.2 29.2 59.3 40,634.8 1,469.8 12.0 19.5 4,841.7 1.2 105.4 0.3 6.5 21.8 -0.8 0.6 0.0 0.6 -34.2 -0.8 0.6 -0.1 0.6 -34.2 -1.4 2.1 -0.4 -0.9 -4.3 1.2 112.1 0.3 7.2 82.7 1.1 102.3 0.3 6.4 11.5  UAE economy will grow faster each year over the next 3 years, helped by containment measures, accommodative monetary policy and a resilient banking system . – Zawya  Long-term unemployment in the U.S. is close to a Great Recession record. Almost 40% of jobless workers are long-term unemployed - Bureau of Labor Statistics  The UAE logistics industry has a bright outlook due to quick rebound in economic activity and boom in e-commerce activity. – DHL Express UAE  British banks would need a minimum of six months to prepare for the introduction of a negative interest rate regime – 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. The report is owned by Markaz and is privileged an d p ro pr ieta r y a nd i s subject to copyrights. Sale of any copies of this report is strictly prohibited. This report cannot be quoted without the prior written consent of Markaz. Any user after obtaining Markaz permission to use this report must clearly mention the sour c e a s “Markaz “. This Report is intended to be circulated for general information only and should not to be construed as an offer to buy o r sell or a solicitation of an offer to buy or sell any financial instruments or to participate in any p a rti c ul ar tra d in g strategy in any jurisdiction. The information and statistical data herein have been obtained from sources we believe to be reliable but in no way are warranted by us as to its accuracy or completeness. Markaz has no obligation to update, mod if y o r amend this report. For further information, please contact ‘Markaz’ at P.O. Box 23444, Safat 13095, Kuwait. Tel: 00965 1804800 Fax: 00965 22450647. Email: research@markaz.com