MENA Markets Weekly Wrap - 8 November

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) Value Traded & Advances/Decline Ratio M. Cap (USD Bn) Close Price WTD % MTD % YTD% 423 2,362 143 195 106 106 64 21 11 107 8,089 9,889 4,718 5,475 6,584 2,160 1,442 3,551 1.8 2.3 2.0 1.2 0.6 0.6 -1.3 1.0 -0.2 1.8 2.3 2.0 1.2 0.6 0.6 -1.3 1.0 -0.2 -8.2 3.7 1.7 -3.6 5.2 3.0 -5.1 7.8 -2.0 -7.0 2.5 2.4 -12.9 4.5 -9.2 8.2 -21.9 -14.4 -8.1 -10.5 4.4 3.1 -10.8 -11.1 -9.6 15 19 16 14 16 14 7 9 9 44,996 30,820 2,146 6,107 2,470 3,509 5,910 1,658 7.7 7.3 6.0 5.0 7.7 7.3 6.0 5.0 4.7 6.5 7.9 8.6 10.7 11.0 -21.6 -7.6 -1.2 -3.7 -2.9 0.9 25 28 16 18 6,371 5,907 1,095 1,176 3,471 41,893 6.6 2.7 5.8 6.6 2.7 5.8 Blue Chip Watch Companies M.Cap (USD Bn) Saudi Arabia 1,845 Saudi Aramco 72 SABIC 55 Saudi Telecom 45 Al-Rajhi Bank NCB 32 United Arab Emirates 50 TAQA 40 ETISALAT 35 FAB 20 Intl. Holding Co. 17 Emirates NBD Kuwait 19 NBK 17 KFH 8 Zain 6 Boubyan Bank 4 Agility Qatar 46 QNB Industries Qatar 16 11 Ezdan Holding 11 Qatar Islamic Bank Masraf Al Rayan 9 3-Yr 5-Yr P/E CAGR CAGR TTM 5.5 8.6 1.5 1.2 -1.1 8.0 7.1 -1.9 10.2 Companies WTD % MTD % YTD % 3-Yr CAGR 5-Yr CAGR P/E TTM 35 90 102 68 40 2.7 -0.1 2.7 3.3 3.5 2.7 -0.1 2.7 3.3 3.5 -1.8 -4.3 0.6 4.0 -18.0 -3.4 13.6 18.3 4.8 1.9 11.7 15.9 3.4 33 19 18 11 2 17 12 40 10 13.9 0.6 2.4 5.5 1.3 13.9 0.6 2.4 5.5 1.3 214.8 3.8 -22.6 552.9 -26.0 37.6 -0.4 5.0 205 7.0 31.3 2.2 6.7 103.6 4.0 17 13 33 8 839 661 599 623 660 -0.7 -0.2 2.2 4.2 -0.9 -0.7 -0.2 2.2 4.2 -0.9 -17.7 -10.3 -0.2 2.1 -7.2 10.1 17.5 10.0 21.8 11.3 5.5 12.5 9.8 14.2 16.3 23 32 13 51 20 18 10 2 16 4 3.1 6.5 -7.4 1.8 -0.4 3.1 6.5 -7.4 1.8 -0.4 -11.4 -6.6 154.5 7.6 8.0 14.5 0.6 23.0 20.6 6.9 6.2 -2.9 -2.4 7.3 1.1 14 39 14 15 Companies Country TAQA Human Soft Holding Company Qatar Aluminum Manufacturing Mesaieed Petrochemical Holding Industries Qatar UAE Kuwait Qatar Qatar Qatar WTD % 13.9% 8.7% 8.2% 6.7% 6.5% 206 164 33 9 2,781 102 164 52 79 33 189 UAE 160 132 31 32 69 161 Qatar 76 46 24 18 4 72 Bahrain 2 44 20 6 18 3 Oman 1 121 16 15 90 2 Total 2,269 713 307 183 223 3,208 Yield Curve & CDS Watch LIBOR (In %) US Treasuries (In %) KIBOR Yield Curve (%) 5-year CDS Spread Country 52-Week Current 2019 77.3 41.1 136.2 43.6 41.6 252.0 344.8 - 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 90.6 34.3 36.5 199.0 158.5 787.5 Interest Rate Watch Deposit Rate MTD YTD % % 13.9% 214.8% 8.7% 5.4% 8.2% 19.7% 6.7% -21.1% 6.5% -6.6% Top 5 Losers*  Ezdan Holding Dana Gas Al Khalij Commercial Bank Orascom Construction Aldar Properties 1,929 Kuwait 18 15 26 Close Price M. Cap (USD Bn) 50.2 1.3 1.4 6.8 16.0 Value Traded Listed ADTV – 1M Advances Declines Unchanged (USD mn) companies (USD mn) Saudi Arabia Top 5 Gainers*  Companies November 08, 2020 3M Rate % Spread % 5YR Rate 10YR Rate U.S. 0.1 0.4 Kuwait 1.2 1.1 0.7 KSA** 0.8 0.7 0.9 UAE 0.1 0.7 Qatar 0.1 -0.0 1.9 Oman 2.2 2.1 4.6 Bahrain 2.0 1.9 4.0 Euro Region -0.6 -0.7 -0.8 Last FOMC Meeting Date: Nov 04/05 Next FOMC Mt Date: Dec Commodity Watch Country M. Cap (USD Bn) WTD % Qatar UAE Qatar UAE UAE 11.4 1.2 1.7 1.1 5.6 -7.4% -5.7% -5.3% -5.0% -4.7% MTD % YTD % Precious Metals -7.4% 154.5% -5.7% -33.2% -5.3% 30.0% -5.0% -19.8% -4.7% 20.8% 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 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 0.8 2.6 2.1 1.3 1.6 6.5 5.3 -0.6 15/16 52-Week Close Price 1,951.5 25.6 39.5 14,839 WTD % 3.9 8.3 5.3 9.4 MTD % 3.9 8.3 5.3 3.9 YTD % 28.6 43.5 -40.2 107.0 High Low 2,063.2 29.2 68.7 15,604 1,454.3 12.0 19.5 4,841.7 1.2 103.3 0.3 6.6 27.6 1.9 -1.3 -0.0 -1.3 -27.5 1.9 -1.3 -0.0 -1.3 -27.5 5.9 -4.9 0.7 -5.1 100.1 1.2 112.1 0.3 7.2 82.7 1.1 102.3 0.3 6.6 11.5 ➢ Kuwait's State Audit Bureau said the government has no choice but to borrow to plug a growing deficit, but that it must do so alongside implementing economic reforms. –Reuters ➢ The U.S Federal Reserve kept interest rates unchanged between 0% - 0.25% after the FOMC meeting this week - Reuters ➢ UAE CPI was down at 105.96 points in September against 106.50 points in August with annual consumer price contraction reaching 2.36 percent – Central Bank of the UAE ➢ Democrat Joe Biden captured the U.S. Presidency on Saturday, according to several major television networks. President Donald Trump has however not conceded and vowed to appeal for a recount - 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. The report is owned by Markaz and is privileged and proprietary and is 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 source as “Markaz “. This Report is intended to be circulated for general information only and should not to be construed as an offer to buy or sell or a solicitation of an offer to buy or sell any financial instruments or to participate in any particular trading strategy in any jurisdiction. 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