Daily Market Report Saudi Arabia Stock Exchange February

Transcription

1 ` 11: 11:15 11:3 11:45 1: 1:15 1:3 1:45 13: 13:15 13:3 13:45 14: 14:15 14:3 14:45 15: 15:15 15:3 February 3 14 TASI Index 8, % Turnover (SAR mn) 7,18 16% Research Department research@alrajhi-capital.com Tel: /Fax: TASI Intra Day Movement Global commentary 8,9 Intraday Previous Close 8,85 8,8 8,75 8,7 8,65 8,6 After a turbulent January, the coming week has a number of economic data lined up. Investors will keep a close eye on the unemployment and non-farm payroll data, due on Friday, to get a clear view whether last month s disappointing figures were a one-off drop. In addition, there are a number of PMI survey figures due to be announced this week. TASI Activity Trend (Last 1 Days) Turnover (LHS, SAR bn) TASI Index (RHS) 8 9, 6 8,8 4 8,6-8,4 In Europe, the of England as well as the ECB will meet separately to announce its policy decision on Thursday. ECB president Mario Draghi will address a press conference, following the central bank s policy decision. In addition, factory orders data from Germany and manufacturing production data from UK would also be on investor radar. Asian markets are trading with deep losses this morning, following the negative cues from US markets Friday s closing and a slowdown in Chinese manufacturing growth. The Nikkei and the KOSPI are leading the losses in Asia today, down 1.3% and % respectively. Markets in China and Hong Kong are closed today amid the Chinese New Year.holidays Regional Indices Close 1D% WTD% YTD% KSA (TASI) 8, Qatar (DSM) 11, Kuw ait (KSE) 7, Abu Dhabi (ADSM) 4, Dubai (DFM) 3, Oman (MSM3) 7, Bahrain (BSE) 1, MSCI GCC Major Commodities / Currencies Close 1D % WTD % YTD % Gold Spot $/Oz 1, Silver Spot $/Oz Crude Oil (Brent) OPEC Basket Euro USD Index 89 JPY Major Global Indices Close 1D % WTD % YTD % DJ Industrial 15, S&P 5 1, Nikkei 5 14, Hang seng, FTSE 1 6, CAC 4 4, MSCI World 1, MSCI EM Interest Rates 1M 3M 1M 3M Chg 1Y LIBOR (USD) SAIBOR EIBOR Source: Bloomberg Updated as of 3/Feb/14 8:55 AM Most GCC region markets moved higher on Sunday. Abu Dhabi climbed %, led by cement stocks, on strong earnings results and on news of a $6.1bn contract awarded by Aabar to Dubai's Arabtec. However, Dubai market fell for the third consecutive day, closing % lower, dragged down by Emaar. Kuwait gained.7%, while Qatar and Bahrain were up % each. TASI closes above 8,8 TASI gained 5% on Sunday to end the session at 8,835. Market breadth was positive as twelve sector indices closed up. Advance decline ratio was balanced as 71 stocks gained compared to 69 lost. Trading turnover was high at SAR7.bn. For the second trading session, ing led the index with 5% gains as three banks were listed among top gainers list. Telecom gained % on the back of STC, despite Mobily s doubt about Atheeb acquisition, whereas Petrochem also supported the TASI with a %. Real Estate and Hotel indices added about %. Major News Saudi Electricity raises SAR4.5bn from Sukuk issue: Saudi Electricity Co. closed its fourth Sukuk issue last Thursday, through which it raised SAR 4.5 billion. The Sukuk was priced at 7 basis points over the three-month Saudi interbank rate, the Gulf's largest utility firm said. The Sukuk will be listed upon obtaining the approval from authorities. (Mubasher) Al Khodari renew Islamic facilities agreement: Al-Khodari signed a renewal of Islamic credit facilities agreement with Gulf International amount at SAR9mn. These credit facilities are to provide bonding commitments and fund the working capital and capex requirements of current projects. 36% of the facilities are funded under Murabaha, whereas 64% are for multipurpose bonds and credits. (Tadawul) Disclosures: Please refer to the important disclosures at the back of this report. 1

2 Cement Industries Building Retail Energy Multi invt Hotels Media TASI Large Cap (>1% Index weight) Sectors Performance TASI Top Gainers / Losers 1.8 TASI Petrochem s Telecom Thimar Saudi Inv Bk Saudi Steel Pipe Alinma Bk Al Babtain Pow er Sanad Coop Ins Etihad Atheeb Saudi Vitrified Salama Coop Ins Aldrees Petroleum TASI Mid Cap (5-1% index weight) Sectors Performance TASI Top Index Movers / Losers (Heavy weight stocks) Real Estate Agri Company Last Price Chg % Index Imp Value Trd (SAR mn) Sabic Alinma Bk Al Rajhi Bk Riyad Jabal Omar Company Last Price Chg % Index Imp Value Trd (SAR mn) Albilad Al-Jazira Yanbu Cem Sahara Petro Saudi Pharm Ind TASI Small Cap (<5% index weight) Sectors Performance TASI Volume Leaders Alinma Bk Dar Al Arkan Emaar Eco City Jabal Omar Etihad Atheeb Saudi Kayan Sabic Know Econ City Riyad Al Rajhi Bk TASI Stocks Closer to 5 Week High TASI - Stocks Closer to 5 Week Low Company Last Price 5Wk High % Diff Value Trd (SAR mn) Sabb Takaful % 49 Emaar Eco City % Al Hokair % 1 Saptco % 4.31 Aminatit % Source: Al Rajhi Capital, Bloomberg Company Last Price 5Wk Low % Diff Value Trd (SAR mn) Sanad Coop Ins % Salama Coop Ins % Weqaya For Takaf % Al Rajhi Takaful % Arabia % Disclosures Please refer to the important disclosures at the back of this report.

3 DSM Telecom Real Estate ADSM Real Estate Energy Telecome s Fin.Service s Industrial DFM Reality Investment Telcom Performance of Regional markets Country Last Index Change (%) MCap Volume Turnover P/E (x) P/E (x) P/E (x) P/B (x) Div Yld Close 1D 1M YTD US$ bn mn shr US$ mn 1A Current 13E Current 1M (%) Saudi Arabia 8, , Qatar 11, Dubai 3, Abu Dhabi 4, Kuw ait 7, NA 3.6 Oman 7, Bahrain 1, Source: Al Rajhi Capital, Bloomberg Dubai Activity Trend (Last 1 Days) Dubai Sector Performances Dubai Top Gainers / Losers Turnover (LHS, AED bn) DFMGI Index (RHS) 3,9 3,8 3,7 3,6 3, Arabtec Drake & Scull Intl Air Arabia ENBD Du Gulf Navigation Deyaar Devt Gulf General Inv Takaful House DFM Abu Dhabi Activity Trend (Last 1 Days) Abu Dhabi Sector Performances Abu Dhabi Top Gainers / Losers 1.8 Turnover (LHS, AED bn) ADSMI Index (RHS) 4,7 4,68 4,64 4,6 4,56 4,5 4,48 4, RAK Cement Gulf Medical Pro Union Cement Sharjah Cement Gulf Cement Co Union Gulf Pharma Ind Abu Dhabi Ship Waha Capital Fujairah Cement Qatar Activity Trend (Last 1 Days) Qatar Sector Performances Qatar Top Gainers / Losers Turnover (LHS, QAR bn) DSM Index (RHS) 11,4 11, 11, 1, Gulf Intl Servcs Qatar Navigation Nakilat.9 9 Qatar Electric QIsB Qatary investors CBQ Vodafone Qatar Natl Leasing Ooredoo Disclosures Please refer to the important disclosures at the back of this report. 3

4 BSE s Hotel & Tourism Industries KSE Technology Investment Industrial Real estate Fin. Parallel Telecom Basic material Oil&Gas Healthcare Kuwait Activity Trend (Last 1 Days) Kuwait Sector Performances Kuwait Top Gainers / Losers Turnover (LHS, KWD mn) KWSEIDX Index (RHS) 7,85 7,8 7,75 7, Alrai Media Grp Nafais Holding Equipment Hldg Co Gulf Franchising Munshaat Real Es Al Massaleh Real First Investment Kuw ait Fin & Invest Al Mal Invest A'ayan Real Est Oman Activity Trend (Last 1 Days) Oman Sector Performances Oman Top Gainers / Losers Turnover (LHS, OMR mn) MSM3 Index (RHS) 7,5 7, 7,15 7,1 7,5 7, MSM 3 Industry Almadina Invt Oman Invest &Fin Gulf Invest Svcs Global Fin Inves Ominvest Oman United Ins Dhofar Nizw a.1-88 Al Anw ar Holding Renaissance Serv Bahrain Activity Trend (Last 1 Days) Bahrain Sector Performances Bahrain Top Gainers / Losers - Turnover (LHS, BHD mn) BHSEASI Index (RHS) 1,3 1,95 1,9 1,85 1,8 1,75 1,7 1,65 1, Esterad Invest Albaraka ing Bahrain Telecom Ahli United Bk Al-Salam Khaleeji Com Bk Aluminium Bahrain 8-19 Source: Bloomberg, Al Rajhi Capital Disclosures Please refer to the important disclosures at the back of this report. 4

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