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UAE: Daily Market Trading Report - 8 April

IM Insights
By IM Insights
5 years ago
UAE: Daily Market Trading Report - 8 April

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  1. IS Morning Report Sunday , April 08, 2018 Global & Regional Benchmarks Indices Close UAE Trading Summary 1Day 1Mnth 3Mnth YTD 1Y (AEDm) Change Change Change Change Change ADX 4,689 1.7% DFM 3,083 -0.3% TASI 7,953 1.0% 6.9% KWSEI 6,633 0.5% -2.5% 17,411 -0.6% Dow Jones 23,933 -2.3% -5.5% -5.7% S&P 500 2,604 -2.2% -6.5% -5.3% Nasdaq 6,915 -2.3% -8.5% -3.5% FTSE 100 7,184 -0.2% -0.6% -7.1% -6.6% 12,241 -0.5% -0.9% -8.5% -5.2% 5,258 -0.3% -0.3% -4.8% -1.0% Nikkei225 21,568 -0.4% 0.5% HIS 29,845 1.1% -3.7% EGX DAX CAC40 3.6% 3.1% SELL NET 1.6% ADX 132 132 - -8.5% -13.5% Local 36% 63% -26% 9.3% 10.1% 12.4% Foreign 64% 37% 26% 2.8% 73% 43% 30% 27% 57% -30% -3.2% 15.9% DFM 252 252 - -2.6% 10.6% Local 43% 33% 10% 57% 67% -10% 73% 80% -7% 0.1% Retail 27% 20% 7% 2.4% Total 385 385 - -9.6% -5.3% 15.6% Local 41% 43% -2% -3.8% -0.2% 23.0% Foreign 59% 57% 2% -3.8% -11.0% 6.6% BUY 3.5% -5.6% Institutional 8.7% 17.8% 15.9% 32.9% Retail 0.2% 17.6% Foreign -2.3% Institutional Upcoming Corporate Actions & Events Date Company Event 9-Apr UAB Board meeting 10-Apr Deyaar 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 23- April DSI Annual General Assembly Meeting (AGM) Key Stories Dana Gas Says U.S. Hedge Fund Obtains London Order in Sukuk Case OMV: Acquisition Of 20 Pct Stake In Two Offshore Oil Fields In Abu Dhabi Planned 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 Sunday , April 08, 2018 UAE's Equitativa to invest big in education realty S&P Says Saudi Arabia 'A-/A-2' Ratings Affirmed; Outlook Remains Stable Aramco Is Said to Plan Chemical Complex Project Study in U.S. Sabic to Boost Chemical Output 70% by 2025 with New Plants Public Investment Fund Announces Agreement With Six Flags Russia Says It's Open To a Long-Term Formal Alliance With OPEC Bahrain’s Bapco approaches banks for multi-billion refinery expansion Orange Egypt Signs EGP 7 Bln Syndicated Loan Global Markets Wrap: Crude oil and global equity markets tumbled on Friday after U.S. President Donald Trump upped the ante in a trade dispute with China, reviving investor jitters about the impact a tariff war could have on the world economy. U.S. Treasury and euro zone government bond yields dipped as the trade spat raised the prospect of a full-blown trade war between the world's two largest economies. The yield on 10-year German government debt, the euro zone benchmark, dipped 2.7 basis points in late trading to 0.494 percent, erasing much of Thursday's rise. Benchmark 10year notes last rose 15/32 in price to push yields down to 2.7753 percent. Brent crude futures settled down $1.22 at $67.11 a barrel. WTI crude futures fell $1.48 to $62.06 a barrel, a 2.3 percent loss. Brent crude dropped 2.8 percent in the week while U.S. crude fell 4.4 percent, the biggest weekly decline since early February. UAE: Dana Gas says Putnam SPV, a special purpose vehicle managed by Contrarian Capital Management, obtained an interim injunction and interim anti-suit injunction order from the English High Court of Justice on its sukuk, according to a statement posted on the Sharjah, U.A.E.-based energy firm’s website. Dana Gas plans to challenge the order. Says order was obtained on an ex parte basis, meaning Dana Gas was not represented and without its advance knowledge. OMV: Acquisition of 20 Pct Stake In Two Offshore Oil Fields In Abu Dhabi Planned. OMV and ADNOC plan signing for acquisition of a 20% interest by OMV in two offshore oil fields in Abu Dhabi. Purchase price of USD 1.5 billion UAE-based asset manager Equitativa Group, that manages the world's largest Sharjahcompliant REIT, is looking to invest around $300 million to acquire education-related real estate assets in India over the next one year, said a top company official. The group is venturing into Indian market, looking for opportunities in logistics and commercial real estate apart from education space. Equitativa that currently manages two REITS - Emirates REIT and Residential REIT in Dubai - is planning to build its India portfolio and list REITs here. GCC/ MENA: S&P Says Saudi Arabia 'A-/A-2' Ratings Affirmed; Outlook Remains Stable. S&P says expect Saudi Arabia to experience modest economic growth from 2018, supported by rising government. investment, gradual rise in oil production. S&P says Saudi Arabia's ratings are supported by strong external & fiscal stock positions, which we expect it will maintain despite large central government deficits Saudi Arabia’s state oil company will sign an agreement this weekend with a British oilfield services firm to explore building chemical facilities in Texas, according to people familiar with the matter. 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 Sunday , April 08, 2018 Saudi Basic Industries Corp. plans to boost production capacity 70 percent by 2025 as the Middle East’s dominant chemical maker works with new joint-venture partners and expands its footprint in the heart of the U.S. shale boom. Public Investment Fund Announces Agreement With Six Flags. Public investment fund says entered into agreement with six flags to open first six flags-branded theme park in Qiddiya, Kingdom of Saudi Arabia. Public investment fund says the six flags-branded theme park in Qiddiya is expected to open in 2022 The alliance between OPEC and Russia that coordinated historic oil-output cuts could last "indefinitely" and be formalized by setting up a new organization including other major producers, said Russian Energy MinisterAlexander Novak. The production limits agreed by OPEC, Russia and allies including Mexico and Kazakhstan have efficiently relieved a global oversupply, Novak told reporters in Moscow on Thursday. This mechanism could be used again to offset future imbalances in the oil market, he said. State-run Bahrain Petroleum Company (Bapco) has approached banks to sound their appetite for the financing needed to back the capacity expansion of the existing Sitra oil refinery, a project expected to cost well in excess of $5 billion, sources familiar with the matter said. Orange Egypt Signs EGP 7 Bln Syndicated Loan with group of banks. Loan to be used to continue funding of required capital expansions. Loan will also be used in refinancing of existing syndicated loan of EGP 4.3 billion Source: ADX, DFM, Bloomberg, Reuters, Gulf News, The National, Arabian Business) 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 Sunday , April 08, 2018 Daily Foreign Ownership Increase Company Name Foreign Change Ownershp (%) (%) Shares Mcap Change Change (AED) Al Salam Group KW 15.61% 0.07 188,748 89,195 Air Arabia 23.55% 0.06 2,800,020 3,360,024 Eshraq 35.49% 0.05 1,162,500 848,625 DXBE 31.48% 0.04 3,199,965 1,443,184 RAK Cement 20.58% 0.02 100,624 86,089 FAB 11.21% 0.01 1,085,071 13,512,956 Emaar Malls 10.08% 0.01 1,301,430 2,811,089 Bank of Sharjah 21.30% 0.01 210,000 239,400 Dana Gas 60.27% 0.01 697,662 676,732 Gulf Nav 20.02% 0.01 91,921 94,679 Daily Foreign Ownership Decrease Company Name Foreign Change Ownershp (%) (%) Shares Mcap Change Change (AED) Marka 14.23% -0.13 (650,000) (307,450) Dar Al Takaful 21.96% -0.11 (165,000) (114,510) DSI 16.09% -0.08 (856,790) (1,482,247) Dubai Investments 15.96% -0.05 (2,126,010) (4,422,100) 4.99% -0.05 (255,000) (369,750) Arabtec 18.36% -0.04 (600,000) (1,356,000) DIB 16.65% -0.04 (1,972,802) (10,477,440) Aldar 25.62% -0.04 (3,145,052) (6,541,708) Deyaar Dev 10.84% -0.04 (2,311,200) (1,104,754) Islamic Arab Ins. 23.51% -0.03 (357,091) (152,460) International Holdings (Source: ADX, DFM, Bloomberg, Reuters) 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
  5. IS Morning Report Sunday , April 08, 2018 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 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