UAE: Daily Market Trading Report - 5 April

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1. IS Morning Report Thursday , April 05, 2018 Global & Regional Benchmarks Indices Close UAE Trading Summary 1Day 1Mnth 3Mnth YTD 1Y (AEDm) Change Change Change Change Change ADX 4,609 0.5% DFM 3,091 -0.3% 101 - -8.3% -13.5% Local 45% 39% 6% TASI 7,872 0.9% 6.8% 8.2% 8.9% 11.6% Foreign 55% 61% -6% KWSEI 6,633 0.5% -2.5% 2.8% 3.5% 63% 71% -8% 0.1% 11.5% 18.4% 16.6% 31.8% Retail 37% 29% 8% Dow Jones 24,264 1.0% -2.5% -4.1% -1.8% 17.5% DFM 157 157 - S&P 500 2,645 1.2% -2.8% -3.6% -1.1% 12.4% Local 50% 39% 11% Nasdaq 7,042 1.5% -3.9% -1.3% 50% 61% -11% FTSE 100 7,034 0.1% -1.2% -8.9% -8.5% -4.1% Institutional 52% 55% -3% 11,958 -0.4% -1.1% -10.2% -7.4% -2.1% Retail 48% 45% 3% 5,142 -0.2% -0.5% -6.0% -3.2% 1.0% Total 258 258 - Nikkei225 21,688 1.7% 3.1% -8.5% -4.7% 15.0% Local 48% 39% 9% HIS 29,519 -2.2% -1.2% -4.2% -1.3% 21.0% Foreign 52% 61% -9% DAX CAC40 -3.8% -10.8% 4.8% NET 101 17,510 1.3% SELL -0.7% ADX EGX 0.1% BUY -6.0% Institutional 2.0% 20.1% Foreign Upcoming Corporate Actions & Events Date Company Event 9-Apr UAB Board meeting 11-Apr Dana Gas Annual General Assembly Meeting 16-Apr Arabtec General Assembly 19-Apr AMAN General Assembly 22-Apr Eshraq Properties Annual General Assembly Key Stories ADNOC Signs Two New Three-Year Deals for the Sale of Up to 1.5 million Tons Per Year of Naphtha Abu Dhabi rental declines to slow in 2018, says Core Savills SHUAA to act as liquidity provider to Bank of Sharjah ADFG Looking at Opportunities in U.A.E., Egypt and Saudi Arabia Integrated Securities (Regulated by the Securities & Commodity Authority) Al Bateen Towers, C2 P.O.Box 107077, Abu Dhabi, UAE Customer service: 8003437 / +971 24 942 777 Sales & Trading : +971 24 942 666 Facsimile: +971 26 354 669 Website: www.integratedsecurities.ae
2. IS Morning Report Thursday , April 05, 2018 Khaleeji Commercial Bank Appoints Jassim Al Seddiqi As Chairman Saudi Arabia's first new cinema in decades to open April 18 Six Flags to Develop Theme Park in Riyadh in Venture With PIF Saudi Arabia expects no oil supply impact from Houthi tanker attack Saudi-led coalition says missile intercepted near Yemen border Bahrain says new discovery contains an estimated 80 bln barrels of tight oil Investcorp Is Said to Hire Rothschild for Saudi, Kuwait Sales Oriental Weavers to issue 1.5 Egyptian pound dividend on April 19 Global Markets Wrap: Asian shares bounced from two-month lows on Thursday as world equities recovered from a selloff triggered by escalating Sino-U.S. trade tensions, with investors hoping a full-blown trade war between the world's two biggest economies can be averted. Oil prices rose on Thursday, holding onto a late-session rally the previous day, buoyed by the U.S. government data showing a surprise drawdown in crude stockpiles. U.S. West Texas Intermediate crude for May delivery was up 19 cents, or 0.3 percent, at $63.56 a barrel by 0140 GMT after settling down 14 cents. Front-month London Brent crude for June delivery was up 20 cents, or 0.3 percent, at $68.22, having ended down 10 cents. UAE: The Abu Dhabi National Oil Company (ADNOC) announced, today, that it has signed two new agreements, with Idemitsu Kosan Co. Ltd. of Japan and SCG Chemicals of Thailand, for a combined amount of up to 1.5 million tons of Naphtha per year. These deals follow the recent announcement from ADNOC that it had signed a similar threeyear agreement with Malaysia?s Lotte Chemical Titan (LCT), one of the largest polyolefin producers in South East Asia, for the sale of up to 1 million tons per year of naphtha. Abu Dhabi rental declines to slow in 2018, says Core Savills. Residential rents in Abu Dhabi are forecast to drop by around 4 to 7 per cent in 2018, albeit at a slower pace than last year as market sentiment improves on the back of stable oil prices and increased government spending, according to a new report. Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than 5 per cent stake in the bank at any point, Bank of Sharjah said in a statement posted on Abu Dhabi Securities Exchange's website. Abu Dhabi Financial Group is looking at business opportunities in the U.A.E., Saudi Arabia and Egypt this year, Mustafa Kheriba, chief operating officer, says in an interview in Dubai. In Egypt, mentions asset management, real-estate development and hospitality as “areas that could be suitable for investments” Khaleeji Commercial Bank Appoints Jassim Al Seddiqi As Chairman GCC/ MENA: Saudi Arabia's first cinema in more than 35 years will open on April 18 in Riyadh, the capital, the authorities said on Wednesday after agreeing with AMC Entertainment Holdings AMC.N to open up to 40 theatres over the next five years. Integrated Securities (Regulated by the Securities & Commodity Authority) Al Bateen Towers, C2 P.O.Box 107077, Abu Dhabi, UAE Customer service: 8003437 / +971 24 942 777 Sales & Trading : +971 24 942 666 Facsimile: +971 26 354 669 Website: www.integratedsecurities.ae
3. IS Morning Report Thursday , April 05, 2018 Six Flags and Saudi Arabia’s Public Investment Fund enter into agreement to develop Six Flags-branded theme park for Qiddiya, the country’s first entertainment city that is expected to open in 2022, according to a statement. An attack on a Saudi tanker by Yemen's Houthis will not hit oil supplies, Saudi Arabia's energy minister said on Wednesday, after the Iran-allied group said it had targeted a warship in response to an air strike that killed civilians. The Saudi-led coalition fighting in Yemen said on Wednesday that Saudi Arabia's air defence had intercepted a missile that the armed Houthi movement said it fired at storage tanks belonging to Saudi Aramco oil company. A new discovery off the coast of Bahrain is estimated to contain at least 80 billion barrels of tight oil, the kingdom's biggest ever find, its oil minister said on Wednesday. Bahrain said on Sunday it had discovered extensive tight oil and deep gas resources off the west coast of the kingdom. Investcorp Bank BSC hired Rothschild & Co. to help sell stakes in Saudi Arabia’s Al Yusr Industrial Contracting Co. and Kuwait auto-leasing firm Automak, according to people familiar with the matter. The Bahrain-based privateequity firm is considering selling the 38 percent stake it bought five years ago in AYTB, as the industrial-service company is known, the people said, asking not to be identified as the information is private. Rothschild is also advising Investcorp on the sale of a 35 percent stake in Automak, they said. Egypt's Oriental Weavers, the world's largest producer of synthetic carpets, said on Wednesday it would issue a 1.5 Egyptian pound ($0.0849) per share dividend for 2017 earnings on April 19. Egypt's Oriental Weavers ORWE.CA, the world's largest producer of synthetic carpets, said on Wednesday it would issue a 1.5 Egyptian pound ($0.0849) per share dividend for 2017 earnings on April 19. Source: ADX, DFM, Bloomberg, Reuters, Gulf News, MIST, The National, Arabian Business) Institutional Sales and Trading Team Harshjit Oza harshjit@integratedsecurities.ae Direct Line: +971 2 494 2608 Disclaimer This report was prepared by Integrated Securities (“IS”) in and for the United Arab Emirates (“U.A.E.”). IS is a securities brokerage company regulated by the Emirates Securities and Commodities Authority (and neither an investment nor a financial advisory firm). The information contained in this report is given in summary and does not purport to be complete. All securities and financial product or instrument transactions involve risks, which include (among others) the risk of adverse or unanticipated market, financial or political developments and, in international transactions, currency risk. Content of this report is provided solely for informational purposes and private circulation and should not be construed as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities or any other financial product or instrument, or adopting any hedging or investment strategy and does not take into account your particular investment objectives, financial situation, tax implications or any other needs. Before acting on any information you should consider and confirm the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek professional financial advice. While based on information believed to be reliable, we do not guarantee and make no express or implied representation as to the accuracy of this report or complete description of the securities markets or developments referred to in this report. The information, contained in this report are as of the date indicated and are subject to change at any time without prior notice. This report may provide the addresses of, or contain hyperlinks to, websites. IS has not reviewed any such site and takes no responsibility for the content of the same. Such address or hyperlink is provided solely for your convenience and information and the content of any such website does not in any way form part of this document. Accessing such website or following such link through this report or IS’s website shall be at your own risk. The stated price of any securities mentioned in Integrated Securities (Regulated by the Securities & Commodity Authority) Al Bateen Towers, C2 P.O.Box 107077, Abu Dhabi, UAE Customer service: 8003437 / +971 24 942 777 Sales & Trading : +971 24 942 666 Facsimile: +971 26 354 669 Website: www.integratedsecurities.ae
4. IS Morning Report Thursday , April 05, 2018 this report is as of the date indicated and is not a representation made by IS that any transaction can be effected at this price. This report is for UAE distribution and only under such circumstances as may be permitted by applicable law. The information contained in this report is not intended nor can it be construed as intended to be directed to any US persons (being any US Citizens, US Green Card Holders, or Resident Aliens subject to US income taxes for IRS purposes) unless stated otherwise. Neither IS nor its officers, directors or shareholders or other persons shall be liable for any direct, indirect, incidental or other damages including loss of profits arising in any way from the information contained in this report. This report is a mere update intended solely for the use by the intended recipients and the content of it may not be reproduced, redistributed or copied in whole or in part for any purpose without IS’s prior express consent. Integrated Securities (Regulated by the Securities & Commodity Authority) Al Bateen Towers, C2 P.O.Box 107077, Abu Dhabi, UAE Customer service: 8003437 / +971 24 942 777 Sales & Trading : +971 24 942 666 Facsimile: +971 26 354 669 Website: www.integratedsecurities.ae