Weekly Investment Report
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1 Economic & Market News Reuters: China s exports and import growth eased in October in a sign the world s second-largest economy is starting to cool after a strong first half, with momentum seen slackening further as Beijing s crackdown on pollution hits factory output. The trade data also showed China s goods surplus with the United States, historically a sore spot in relations between the two nations. October exports rose 6.9% from a year earlier in dollar terms, slightly lagging analysts forecast of a 7.2% increase compared to 8.1% growth in September. Imports grew 17.2% year-on-year in October, beating forecast of 16.% growth but slightly slower than the 18.7% rise in September. Taken together, analysts say, the numbers reinforced recent signs of a cooling in economic momentum as the war on smog and tighter rules to reduce China s years-long addiction to debt drags on overall activity. The latest data showed shipments to the US rose 8.3% year-on-year in October, while imports increased 4.3%. That resulted in USD 26.6 billion trade surplus with the U.S. last month, based on Reuters calculations of official data, down from a record USD 28.1 billion in September. But the surplus was still above recent trends and could keep trade tensions high, analysts say. Zawya: October data signalled a strong start to the final quarter of 217 for Saudi Arabia s non-oil private sector. Sharp growth of both output and new orders contributed to latest improvement in operating conditions. On the price front, an uptick in cost pressures was recorded, which according to anecdotal evidence led to higher selling prices. Business confidence improved during October, prompting firms to increase stocks of purchases at a record rate in anticipation of further improvements in economic conditions. The headline seasonally adjusted Emirates NBD Saudi Arabia PMI rose to 55.6 in October, up from 55.5 in September. This indicated a steep expansion in Saudi Arabia s non-oil private sector but the pace of growth remained below the long-run series average. Incoming new business grew at a steep rate during October. Panel member reports suggested that strong domestic demand contributed to the latest improvement in order books. New export orders grew for the third month running, albeit at a fractional pace overall. The upturn in demand for Saudi-produced goods and services led to sharp growth in output, according to anecdotal evidence. That said, the rate of expansion eased since the preceding survey period. Al Masah Capital: Geo-political tensions across the region weighed down on regional markets performances with five out of the eight indices ending the week in the red. Dubai, Kuwait and Qatar were on top of the losing team with -4.8%, -4.4% and -3.8%, respectively. Abu Dhabi and Bahrain ended the week with -2.% and -1.2%, respectively, while the Saudi market was almost flat. On the other hand, Oman and Egypt ended the week with a modest +.3% and +.2%, respectively. Despite the negative trend, crude oil remained above USD63 per barrel, ending the week at USD63.52 per barrel, while WTI was at USD56.74 per barrel. Regional geo-political pressures will be driving investors cautiousness for the coming period, however the recent selling has opened new opportunistic entry points. Indexes Last WTD (%) MTD (%) YTD (%) Dubai (DFMGI) 3, % -5.12% -2.3% Abu Dhabi (ADSMI) 4, % -2.31% -3.74% Saudi (SASEIDX) 6, %.29% -3.55% Kuwait (KWSE) 6, % -3.92% 8.88% Egypt (EGX3) 14, %.5% 16.24% Qatar (DSM) 7, % -3.42% % Bahrain (BHSEIDX) 1, % -.71% 3.86% Oman (MSM3) 5, %.89% % TR GCC (Reuters) % -3.95% -8.31% DJ MENA %.% 5.77% Indexes Last WTD (%) MTD (%) YTD (%) DJI 23, %.19% 18.52% S&P 5 2, %.27% 15.34% NASDAQ 6, %.97% 29.72% STOXX Europe % -1.65% 7.55% FTSE 1 7, % -.8% 4.6% DAX 13, % -.77% 14.34% Commodities & FX Last WTD (%) MTD (%) YTD (%) Oil (Brent) % -1.43% 62.26% Natural Gas % -.1% 23.79% Gold %.22% 2.9% Silver % 2.58% 23.79% EURUSD %.16% 7.39% GBPUSD % -.71% -1.52% USDJPY % -.8% -5.63% USDCHF % -.19% -.62% AUDUSD.77.14%.8% 5.31% USDCAD % -1.58% -8.37% LIBOR US Dollar WoW (%) Euro WoW (%) 1 Month % % 2 Month % % 3 Month % % 6 Month % % 12 Month % % CAC 4 5, % -2.23% 1.66% Nikkei , % 3.4% 18.66% SENSEX 33, %.31% 25.12% Shanghai Composite 3, % 1.16% 1.6% Hang Seng 29, % 3.1% 32.36% 1
2 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 Jul-15 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-17 Weekly Investment Report Economic & Market News (continued) Reuters: Egypt s inflation dipped for the third month in a row in October after hitting a record high on energy price rises, leaving the central bank on course to begin loosening monetary policy in the coming months. Inflation climbed steadily after the central bank floated the Egyptian pound last November as part of reforms to secure a USD 12 billion International Monetary Fund loan, reaching a multi-decade high in July. Egypt also jacked up interest rates after the pound was floated and many local economists expect it to start cutting again in December or January. Annual urban consumer price inflation eased to 3.8% in October from 31.6% in the previous month, according to official data. Core inflation, which strips out volatile items such as food, fell to 3.53% from 33.26%. Inflation peaked in July after the government raised fuel prices by up to 5% and electricity prices by up to 42% in an effort to cut state spending. Narrowing the budget deficit is part of economic reforms Egypt has embarked on since it signed the IMF deal to revive an economy that has struggled since a 211 uprising drove away foreign investors and tourists. Reuters: Japan s economy was expected have grown for a seventh straight quarter in July-September, a period of unbroken expansion last seen between 1999 and 21, according to Reuters poll. Quarter-on-quarter growth of.3% is expected after a revised.6% rise in the second quarter. The poll found that private consumption, which accounts for roughly 6% of GDP, probably slipped.4% in the third quarter, the first fall in seven quarters. External demand or exports minus imports - was seen contributing.4% to growth, the poll found, after it subtracted.3% from GDP growth in April-June. Capital spending was seen rising.3% in the third quarter, growing for a fourth straight quarter, following a.5% rise the previous quarter. The Bank of Japan s corporate goods price index (CGPI), which measures the prices companies charge each other for goods and services, was seen likely to have risen an annual 3.1% in October, according to the poll. Zawya: Rising demand for residential and retail development is driving rapid expansion in Bahrain's real estate sector, with billions of dollars worth of mixed-use projects to be launched in the near future, while new regulatory measures have been issued aimed at increasing market stability and long-term growth. Real estate developments totalling USD 26 billion are planned or under construction, according to the Bahrain Economic Development Board (EDB), which comes after developers showcased five key projects worth more than USD 11 billion at the Cityscape Global property event in September. The substantial pipeline of major projects comes amid strong overall growth in real estate, led by the rising demand for residential and retail developments. The sector expanded by 4.5% in the first quarter of the year, according to the EDB, well above overall economic growth of 2.9%, and generated USD 1.7 billion, with residential sales alone jumping by 8.1% year-on-year. Meanwhile, in a sign of further growth, the number of residential applications is expected to rise by 5, units per year, according to the Ministry of Housing (MoH). Significant growth in the residential sector contrasts with greater geographic variation in demand for commercial real estate, where there is an oversupply. Regulatory reform aimed at improved stability and increased trust 4 US Government Bonds - Yield to Maturity (%) M 3M 6M 12M 2Y 5Y 1Y 3Y Last Week Current Week Global Equity Indexes - Rebased 5 CBOE S&P Volatility Index - VIX Oct-14 Dec-14 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17 Mar-17 May-17 Jul-17 Sep-17 S&P 5 STOXX Europe 6 TR MENA MSCI Asia ex. Japan MENA Market - Price Ratios PE PB Dubai Abu Dhabi Saudi Kuwait Egypt Qatar Bahrain Oman Average Year CDS Rates (basis points) Dubai Abu Dhabi Saudi Kuwait Egypt Qatar Bahrain Oman Average 2
3 Government Bonds Government Bond Name Currency Maturity Coupon Current Yield (%) YTM - Ask (%) Rating Bid Ask UAE - Emirate of Abu Dhabi ABU DHABI GOVT INT'L USD 8/4/ Aa United States of America US TREASURY N/B USD 31/5/ AAA United Kingdom of Great Britain UK TSY 4 3/4% 22 GBP 7/3/ AA Kingdom of Bahrain KINGDOM OF BAHRAIN USD 31/3/ UAE - Emirate of Dubai DUBAI GOVT INT'L BONDS USD 5/1/ United States of America US TREASURY N/B USD 15/5/ AAA State of Qatar STATE OF QATAR USD 15/6/ Aa Arab Republic of Egypt ARAB REPUBLIC OF EGYPT USD 3/4/ B United States of America US TREASURY N/B USD 15/5/ AAA Kingdom of Bahrain KINGDOM OF BAHRAIN USD 19/9/ BB Corporate Bonds Government/Parent Company Bond Name Currency Maturity Coupon Current Yield (%) YTM - Ask (%) Rating Bid Ask Abu Dhabi Water & Electricity TAQA ABU DHABI NATL ENER USD 1/8/ BBB Abu Dhabi Water & Electricity TAQA ABU DHABI NATL ENER USD 16/9/ BBB Qatar Petroleum RAS LAFFAN LNG 3 USD 3/9/ A National Bank of Oman NATIONAL BANK OF OMAN USD 7/1/ Baa Qatari Diar Real Estate Invest QATARI DIAR FINANCE QSC USD 21/7/ Aa Stichting Waha Aerospace WAHA AEROSPACE BV USD 28/7/ AA Qatar Petroleum RAS LAFFAN LNG II USD 3/9/ A Investment Corp of Dubai EMIRATES NBD PJSC EUR 23/3/ A Saudi Electricity Co SAUDI ELECTRICITY GLOBAL USD 3/4/ A Emaar Malls Group PJSC EMG SUKUK LTD USD 18/6/ Baa Emirate of Sharjah United Arab SHARJAH SUKUK LTD USD 17/9/ BBB Qatar Petroleum RAS LAFFAN LNG 3 USD 3/9/ A Qatar Gas Transport Co Ltd NAKILAT INC USD 31/12/ A Port & Free Zone World FZE DP WORLD LTD USD 2/7/ BBB Burgan Bank SAK BURGAN TIER 1 FINANCING USD Perpetual Emirates NBD PJSC EMIRATES NBD 214 TIER 1 USD Perpetual Thomson Reuters composite rating; NR = No Rating 3
4 Bahrain Qatar Egypt Kuwait Saudi UAE Weekly Investment Report Money Markets EIBOR 1 Week 1 Month 2 Months 3 Months 6 Months 12 Months N/A T/N 1 Week 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months Year 2 Years 3 Years 4 Years 5 Years 7 Years 1 Years SAIBOR KIBOR 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months T/N 1 Week 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months Year 2 Years 3 Years 4 Years 5 Years 7 Years 1 Years O/N 1 Month 3 Months 6 Months 1 Year 2 Years 3 Years EGIBR Bank Rates T-Bill Yields QIBOR QCB Interest Rates BHIBOR Interest Rates O/N T/N 1 Week 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months Year 2 Years 3 Years 4 Years 5 Years 7 Years 1 Years O/N < 1 Week 1 Week < 1 Month 1 Month > 1 Month Re Discount Lending Benchmark Week 1 Month 3 Months 6 Months 9 Months 1 Year 2 Years 3 Years O/N 1 Week 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months Week 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months O/N Deposit O/N Lending Repo Rate O/N 1 Week 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months O/N Deposit 1W Deposit O/N Repo O/N Secured Year 2 Years 3 Years 4 Years 5 Years 7 Years 1 Years
5 Qatar Egypt Kuwait Saudi Abu Dhabi Dubai Weekly Investment Report Top Weekly Performers by Country ( indicates native currency; Data as of the previous Thursday) DUBAI INSURANCE CO PSC % 27.59% 37 MASHREQBANK PSC %.% 12,42 TAKAFUL EMARAT INSURANCE PJSC % % 3 EMIRATES ISLAMIC BANK PJSC %.% 39,649 NATIONAL CEMENT CO PSC % 3.45% 1,76 DRAKE AND SCULL INTERNATIONAL % -9.9% 1,853 DXB ENTERTAINMENTS PJSC % % 5,257 ISLAMIC ARAB INSURANCE CO PSC % -4.3% 65 AMLAK FINANCE PJSC % -2.71% 1,499 DAR AL TAKAFUL PJSC % % 133 COMMERCIAL BANK INTERNATIONAL %.% 1,529 AXA GREEN CRESCENT INSURANCE CO % 25.71% 176 INVEST BANK PSC % 1.62% 3,971 FINANCE HOUSE PJSC % 6.94% 574 GULF PHARMACEUTICAL INDUSTRIES % 18.19% 2,81 ESHRAQ PROPERTIES COMPANY PJSC % % 1,651 RAS AL KHAIMAH CEMENT CO PSC % -9.59% 369 UMM AL QAIWAIN GENERAL INVEST % 15.56% 378 ARKAN BUILDING MATERIALS CO PJSC % -25.3% 1,85 ABU DHABI AVIATION % -7.% 1,241 (SAR mln) (SAR mln) DAR AL ARKAN REAL ESTATE DEV % 45.69% 9,677 KINGDOM HOLDING CO % -3.96% 3,575 NATIONAL COMMERCIAL BANK SJSC % 23.47% 15,26 SAUDI BRITISH BANK SJSC % 4.% 39,2 ADVANCED PETROCHEMICAL CO SJSC % -.22% 9,33 SAMBA FINANCIAL GROUP SJSC %.% 47,123 ASEER TRADING TOURISM % -37.6% 1,416 AL TAYYAR TRAVEL GROUP HOLDING % % 5,68 MALATH COOPERATIVE INSURANCE % -8.52% 621 SAUDI INDUSTRIAL EXPORT CO SJSC % % 237 (fils) (KWD mln) (fils) (KWD mln) AL ARGAN INTERNATIONAL REAL % -4.82% 42 GULF FRANCHISING HOLDING CO % % 2 KUWAIT NATIONAL CINEMA 1, %.% 15 UNITED PROJECTS FOR AVIATION % 22.12% 67 AQAR REAL ESTATE INVESTMENTS %.% 16 TAMKEEN HOLDING CO % % 1 AWJ HOLDING COMPANY KSCP % -2.77% 11 KUWAIT FOOD COMPANY KSCP 1,4. -2.% % 563 KUWAIT CABLE VISION COMPANY % -7.37% 1 COAST INVESTMENT AND DEV % % 21 (EGP mln) (EGP mln) ORANGE EGYPT FOR TELECOM % 85.29% 18,873 KAFR EL ZAYAT PESTICIDES % % 526 EGYPTIAN STARCH AND GLUCOSE % % 85 GENERAL COMPANY FOR PAPER % % 295 EGYPTIAN TOURAH PORTLAND % 12.29% 1,763 MIDDLE AND WEST DELTA FLOUR % 77.38% 834 ALEXANDRIA FLOUR MILLS BAKERIES % % 1,26 UNITED ARAB STEVEDORING CO SAE % 64.77% 29 AL FANAR CONTRACTING % % 9 CANAL SHIPPING AGENCIES CO % 81.39% 2,514 (QAR mln) (QAR mln) AL KHALEEJ TAKAFUL GROUP QPSC % % 293 DOHA INSURANCE CO QSC % % 723 QATARI INVESTORS GROUP QSC % -5.24% 3,652 BARWA REAL ESTATE COMPANY QPSC % -9.44% 11,823 QATAR GAS TRANSPORT CO LTD % -35.4% 8,386 ALIJARAH HOLDING CO QPSC % % 41 ISLAMIC HOLDING GROUP QPSC % % 162 MAZAYA QATAR REAL ESTATE DEVEL % % 82 QATAR INSURANCE CO SAQ % % 1,929 QATARI GERMAN COMPANY % % 68 5
6 Top 5 MENA Stocks by Market Capitalization ( indicates native currency; Latest data) Company Name Country Market Cap (USD mln) MTD % YTD % 52w High 52w Low P/E P/B Dividend Yield 1 SAUDI BASIC INDUSTRIES CORPORATION SA 79, % 9.% % 2 EMIRATES TELECOMMUNICATIONS GROUP AE 4, % -8.5% % 3 SAUDI TELECOM COMPANY SJSC SA 37, % -3.6% % 4 FIRST ABU DHABI BANK PJSC AE 3, % 1.6% % 5 QATAR NATIONAL BANK QPSC QA 29, % -18.% % 6 NATIONAL COMMERCIAL BANK SJSC SA 28, % 23.5% % 7 AL RAJHI BANKING & INVESTMENT SA 27, %.3% % 8 SAUDI ELECTRICITY COMPANY SJSC SA 26, % 8.1% % 9 DP WORLD LTD AE 19, % 35.7% % 1 SAUDI ARABIAN MINING CO SJSC SA 16, % 36.7% % 11 JABAL OMAR DEVELOPMENT CO SJSC SA 15, % -13.7% % 12 EMAAR PROPERTIES PJSC AE 15, % 9.4% % 13 INDUSTRIES QATAR QSC QA 15, % -19.8% % 14 ALMARAI CO SJSC SA 14, %.4% % 15 NATIONAL BANK OF KUWAIT SAKP KW 14, % 17.4% % 16 SAMBA FINANCIAL GROUP SJSC SA 12, % -3.2% % 17 EMIRATES NBD BANK PJSC AE 12, % -4.% % 18 EMIRATES ISLAMIC BANK PJSC AE 1, %.% % 19 SAUDI BRITISH BANK SJSC SA 1, % 4.% % 2 KUWAIT FINANCE HOUSE KSCP KW 1, % 1.6% % 21 ABU DHABI COMMERCIAL BANK PJSC AE 1, % 5.2% % 22 RIYAD BANK SJSC SA 9, % 4.4% % 23 BANQUE SAUDI FRANSI SJSC SA 9, % 11.9% % 24 YANBU NATIONAL PETROCHEMICALS CO SA 8, % 4.4% % 25 KINGDOM HOLDING CO SA 8, % -31.% % 26 DUBAI ISLAMIC BANK PJSC AE 8, % 7.5% % 27 EMAAR MALLS PJSC AE 7, % -14.9% % 28 OOREDOO QSC QA 7, % -17.5% % 29 ALINMA BANK SJSC SA 7, % 17.1% % 3 MASRAF AL RAYAN QPSC QA 6, % -6.9% % 31 SAUDI ARABIA FERTILIZERS CO SJSC SA 6, % -2.1% % 32 ARAB NATIONAL BANK SA 6, %.% % 33 EMIRATES INTEGRATED TELECOM AE 6, % -15.3% % 34 MOBILE TELECOMMUNICATIONS KW 6, % 9.8% % 35 DAMAC PROPERTIES DUBAI CO PSC AE 5, % 41.9% % 6
7 Top 5 MENA Stocks by Market Capitalization Continued ( indicates native currency; Latest data) Company Name Country Market Cap (USD mln) MTD % YTD % 52w High 52w Low P/E P/B Dividend Yield 36 EZDAN HOLDING GROUP QSC QA 5, % -44.4% % 37 QATAR ISLAMIC BANK QPSC QA 5, % -9.5% % 38 SAVOLA GROUP COMPANY SJSC SA 5, % -1.7% % 39 QATAR ELECTRICITY AND WATER CO QSC QA 5, % -22.2% % 4 AHLI UNITED BANK BSC BA 5, % 16.9% % 41 COMMERCIAL INTERNATIONAL BANK EG 5, % 6.6% % 42 ALDAR PROPERTIES PJSC AE 4, % -14.8% % 43 MESAIEED PETROCHEMICAL HOLDING CO QA 3, % -29.4% % 44 SAUDI KAYAN PETROCHEMICAL CO SJSC SA 3, % 2.3% % 45 ALAWWAL BANK SA 3, % -15.4% % 46 JARIR MARKETING CO SJSC SA 3, % 22.7% % 47 MASHREQBANK PSC AE 3, % 12.8% % 48 ABU DHABI ISLAMIC BANK PJSC AE 3, % -1.8% % 49 COMPANY FOR COOPERATIVE INSURANCE SA 3, % 11.4% % 5 AGILITY PUBLIC WAREHOUSING CO KSCP KW 3, % 29.3% % Total MCap; Weighted Avg Div Yield 648,23 3.7% Disclaimer: This report is prepared by Al Masah Capital Management Limited ( AMCML ). AMCML is a company incorporated in the DIFC (Dubai International Financial Centre) and regulated by the DFSA (Dubai Financial Services Authority). The information contained in this report does not constitute any offer to sell securities or the solicitation of any offer to buy, or recommendation for investment in, any securities in any jurisdiction. The information in this report is not intended as financial advice and is only intended to be used by experienced investment persons with appropriate investment knowledge and ones that AMCML is satisfied meet the regulatory criteria to be classified as a Professional Client as defined under the Rules & Regulations of the appropriate financial authority. More-over, none of the report is intended as a prospectus within the meaning of the applicable laws of any jurisdiction and none of the report is directed to any person in any country in which the distribution of such report is unlawful. This report provides general information only. The information and opinions in the report constitute a judgment as at the date indicated and are subject to change without notice. The information may therefore not be accurate or current. The information and opinions contained in this report have been compiled or arrived at from sources believed to be reliable in good faith, but no representation or warranty, express, or implied, is made by AMCML, as to their accuracy, completeness or correctness and AMCML does also not warrant that the information is up to date. Any reference to third party research material or any other report contained in this report represents the respective research organization's estimates and views and does not represent the views of AMCML and its officers and employees do not accept any liability or responsibility whatsoever with respect to its accuracy or correctness and AMCML has included such reports or made reference to such reports in good faith. This report may also provide the addresses of, or contain hyperlinks to websites. Except to the extent to which the report refers, AMCML takes no responsibility whatsoever for the contents therein. Such addresses or hyperlinks are provided solely for your convenience and information and the content of the linked site does not in any way form part of this report. Accessing such website or following such link through this report shall be at your own risk. Moreover, you should be aware of the fact that investments in undertakings, securities or other financial instruments involve general and specific risks. Past results do not guarantee future performance. AMCML does not accept any liability for any loss arising from the use of material presented in this report. AMCML may seek to do business, or may already have had some business dealings, with companies covered in this report. As a result, investors should be aware that AMCML may be considered as having a conflict of interest that could affect the objectivity of research produced. Investors should consider any AMCML research as only a single factor in making any investment decision. This document has not been reviewed by, approved by or filed with the DFSA. This report or any portion hereof may not be reprinted, sold or redistributed without our prior written consent of the Company. Copyright 215 Al Masah Capital Management Limited 7
Weekly Investment Report
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2-Oct 4-Oct 8-Oct 1-Oct 14-Oct 16-Oct 18-Oct 22-Oct 24-Oct 28-Oct 3-Oct 1-Nov 4 November 218 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 2,853 5,46
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26-Sep 3-Sep 2-Oct 4-Oct 8-Oct 1-Oct 14-Oct 16-Oct 18-Oct 22-Oct 24-Oct 28-Oct 29 October 218 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 2,864 5,46
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29-Dec 2-Jan 4-Jan 8-Jan 1-Jan 12-Jan 16-Jan 18-Jan 22-Jan 24-Jan 26-Jan 3-Jan 31 January 217 Daman Morning Call GCC MarketWatch UAE Indices Abu Dhabi Securities Market General Last Close 1D 1D % YTD%
More information2,966. P/E Multiple (x) 2,922 2,878 2,833 2,789
1-Aug 5-Aug 7-Aug 9-Aug 13-Aug 15-Aug 19-Aug 27-Aug 29-Aug 2-Sep 4-Sep 6-Sep 9 September 218 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 2,966 5,12
More information2,993. P/E Multiple (x) 2,946 2,899 2,851 2,804
16-Jul 18-Jul 22-Jul 24-Jul 26-Jul 3-Jul 1-Aug 5-Aug 7-Aug 9-Aug 13-Aug 15-Aug 16 August 218 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 2,993 4,95
More information2,584. P/E Multiple (x) 2,556 2,528 2,500 2,472
17-Jan 21-Jan 23-Jan 27-Jan 29-Jan 31-Jan 4-Feb 6-Feb 1-Feb 12-Feb 14-Feb 18-Feb 19 February 219 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 2,584
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More information3,591. P/E Multiple (x) 3,551 3,510 3,470 3,430
16-Mar 2-Mar 22-Mar 26-Mar 28-Mar 3-Mar 3-Apr 5-Apr 9-Apr 11-Apr 13-Apr 17-Apr 18 April 217 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 3,591 4,664
More information3,744 3,709 3,675 3,640 3,606. UAE equity markets closed higher yesterday, lifted by gains in real estate and financial sector stocks.
7 February 217 Daman Morning Call 1.19% 11.84 UAE DFM Index 3691.34 43.43 1.19% 4.54%.2% 21.53% 12.34 65.4.27.41%.28%.52% 15.4% 15.18 13.89 1.35.1% 6.59% 7.53% 1.54% 9.34 671.73 14.81.22% 16.59% 13.66%
More information2,947. P/E Multiple (x) 2,910 2,874 2,837 2,801
2-Jun 24-Jun 26-Jun 28-Jun 2-Jul 4-Jul 8-Jul 1-Jul 12-Jul 16-Jul 18-Jul 22-Jul 23 July 218 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 2,947 4,795
More information2,993. P/E Multiple (x) 2,963 2,932 2,901 2,870
11-Jul 15-Jul 17-Jul 19-Jul 23-Jul 25-Jul 29-Jul 31-Jul 2-Aug 6-Aug 8-Aug 12-Aug 13 August 218 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 2,993 4,95
More information2,993. P/E Multiple (x) 2,942 2,891 2,840 2,789
17-Jul 19-Jul 23-Jul 25-Jul 29-Jul 31-Jul 2-Aug 6-Aug 8-Aug 12-Aug 14-Aug 16-Aug 19 August 218 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 2,993 4,95
More information3,066. P/E Multiple (x) 3,000 2,934 2,867 2,801
12-Jun 14-Jun 19-Jun 21-Jun 25-Jun 27-Jun 1-Jul 3-Jul 5-Jul 9-Jul 11-Jul 15-Jul 16 July 218 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 3,66 4,738
More information2,830. P/E Multiple (x) 2,797 2,765 2,732 2,699
7-Oct 9-Oct 11-Oct 15-Oct 17-Oct 21-Oct 23-Oct 25-Oct 29-Oct 31-Oct 4-Nov 6-Nov 7 November 218 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 2,83 5,46
More information3,591. P/E Multiple (x) 3,543 3,494 3,446 3,398
3-Mar 3-Apr 5-Apr 9-Apr 11-Apr 13-Apr 17-Apr 19-Apr 23-Apr 25-Apr 27-Apr 1-May 2 May 217 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 3,591 4,664 Abu
More information3,486. P/E Multiple (x) 3,428 3,370 3,312 3,254
25-Jan 29-Jan 31-Jan 4-Feb 6-Feb 8-Feb 12-Feb 14-Feb 18-Feb 2-Feb 22-Feb 26-Feb 27 February 218 Daman Morning Call GCC MarketWatch UAE Indices Abu Dhabi Securities Market General Last Close 1D 1D % YTD%
More information3,558. P/E Multiple (x) 3,511 3,463 3,415 3,367
11-Apr 13-Apr 17-Apr 19-Apr 23-Apr 25-Apr 27-Apr 1-May 3-May 7-May 9-May 11-May 14 May 217 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 3,558 4,64 Abu
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6-Jun 8-Jun 12-Jun 14-Jun 18-Jun 2-Jun 22-Jun 29-Jun 3-Jul 5-Jul 9 July 217 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 3,477 4,56 Abu Dhabi Securities
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3-Aug 3-Sep 5-Sep 9-Sep 11-Sep 16-Sep 18-Sep 2-Sep 24-Sep 26-Sep 3-Sep 2-Oct 3 October 218 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 2,864 5,19 Abu
More information2,697. P/E Multiple (x) 2,663 2,629 2,595 2,561
2-Feb 24-Feb 26-Feb 28-Feb 4-Mar 6-Mar 1-Mar 12-Mar 14-Mar 18-Mar 2-Mar 24-Mar 25 March 219 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 2,697 5,178
More information2,744. P/E Multiple (x) 2,698 2,652 2,607 2,561
3-Mar 5-Mar 7-Mar 11-Mar 13-Mar 17-Mar 19-Mar 21-Mar 25-Mar 27-Mar 31-Mar 2-Apr 3 April 219 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 2,744 5,153
More information3,576. P/E Multiple (x) 3,478 3,379 3,280 3,181
8-Nov 1-Nov 14-Nov 16-Nov 2-Nov 22-Nov 24-Nov 28-Nov 3-Nov 4-Dec 6-Dec 8-Dec 12 December 216 Daman Morning Call GCC MarketWatch UAE Indices Abu Dhabi Securities Market General* Last Close 1D 1D % YTD%
More information2,864. P/E Multiple (x) 2,830 2,795 2,761 2,727
29-Aug 2-Sep 4-Sep 6-Sep 1-Sep 12-Sep 17-Sep 19-Sep 23-Sep 25-Sep 27-Sep 1-Oct 2 October 218 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 2,864 5,18
More information3,591. P/E Multiple (x) 3,551 3,510 3,470 3,430
21-Mar 23-Mar 27-Mar 29-Mar 2-Apr 4-Apr 6-Apr 1-Apr 12-Apr 16-Apr 18-Apr 2-Apr 23 April 217 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 3,591 4,664
More information3,639. P/E Multiple (x) 3,587 3,534 3,482 3,430. UAE equity markets closed higher yesterday, lifted by gains in insurance and financial sector stocks.
1-Mar 5-Mar 7-Mar 9-Mar 13-Mar 15-Mar 19-Mar 21-Mar 23-Mar 27-Mar 29-Mar 2-Apr 3 April 217 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 3,639 4,627
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More information3,675. P/E Multiple (x) 3,604 3,533 3,462 3,391
5-Dec 7-Dec 11-Dec 13-Dec 15-Dec 19-Dec 21-Dec 25-Dec 27-Dec 29-Dec 2-Jan 4-Jan 5 January 217 Daman Morning Call GCC MarketWatch UAE Indices Abu Dhabi Securities Market General Last Close 1D 1D % YTD%
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Thousands ` 11: 11:15 11:3 11:5 12: 12:15 12:3 12:5 13: 13:15 13:3 13:5 1: 1:15 1:3 1:5 15: 15:15 12 February 215 TASI Index 9,133.7-1.79% Turnover (SAR mn),71.3-1% TASI Intra Day Movement 9,35 9,3 9,25
More information3,744. P/E Multiple (x) 3,708 3,671 3,635 3,599
4-Jan 8-Jan 1-Jan 12-Jan 16-Jan 18-Jan 22-Jan 24-Jan 26-Jan 3-Jan 1-Feb 5-Feb 6 February 217 Daman Morning Call GCC MarketWatch UAE Indices Abu Dhabi Securities Market General Last Close 1D 1D % YTD% 1M
More information2,864. P/E Multiple (x) 2,829 2,795 2,761 2,727. UAE equity markets ended higher yesterday, lifted by gains in industrial and banking sector stocks.
19-Aug 27-Aug 29-Aug 2-Sep 4-Sep 6-Sep 1-Sep 12-Sep 17-Sep 19-Sep 23-Sep 25-Sep 26 September 218 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 2,864
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` 11: 11:15 11:3 11:5 12: 12:15 12:3 12:5 13: 13:15 13:3 13:5 1: 1:15 1:3 1:5 15: 15:15 15:3 February 9 21 TASI Index,19.3.3% Turnover (SAR mn) 5, 3% Research Department research@alrajhi-capital.com Tel:+966
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21-Feb 25-Feb 27-Feb 3-Mar 5-Mar 7-Mar 11-Mar 13-Mar 17-Mar 19-Mar 21-Mar 25-Mar 26 March 219 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 2,697 5,178
More information2,864. P/E Multiple (x) 2,829 2,795 2,761 2,727
16-Aug 26-Aug 28-Aug 3-Aug 3-Sep 5-Sep 9-Sep 11-Sep 16-Sep 18-Sep 2-Sep 24-Sep 25 September 218 Daman Morning Call GCC MarketWatch UAE Indices Abu Dhabi Securities Market General Last Close 1D 1D % YTD%
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` 11: 11:15 1-Jan 11:3 11:5 12: 12:15 12:3 12:5 13: 13:15 13:3 13:5 1: 1:15 1 1:3 1:5 15: 15:15 15:3 January 1 21 TASI Index 8,711.9-3% Turnover (SAR mn) 6,518.6 % Research Department research@alrajhi-capital.com
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12-Mar 14-Mar 18-Mar 2-Mar 22-Mar 26-Mar 28-Mar 1-Apr 3-Apr 5-Apr 9-Apr 11-Apr 12 April 218 Daman Morning Call GCC MarketWatch UAE Indices Abu Dhabi Securities Market General Last Close 1D 1D % YTD% 1M
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23-Mar 27-Mar 29-Mar 2-Apr 4-Apr 6-Apr 1-Apr 12-Apr 16-Apr 18-Apr 2-Apr 24-Apr 25 April 217 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 3,591 4,664
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12-Dec 16-Dec 18-Dec 2-Dec 24-Dec 26-Dec 3-Dec 2-Jan 6-Jan 8-Jan 1-Jan 14-Jan 15 January 219 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 2,612 5,24
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24-Dec 26-Dec 3-Dec 2-Jan 6-Jan 8-Jan 1-Jan 14-Jan 16-Jan 2-Jan 22-Jan 24-Jan 27 January 219 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 2,558 5,44
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17-Apr 19-Apr 23-Apr 25-Apr 27-Apr 1-May 3-May 7-May 9-May 11-May 15-May 17-May 18 May 217 Daman Morning Call GCC MarketWatch UAE Indices Last Close 1D 1D % YTD% 1M % 1Y % P/E Multiple (x) 3,523 4,64 Abu
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