1 Thousands 10:00 10:15 10:30 10:5 11:00 11:15 11:30 11:5 12:00 12:15 12:30 12:5 13:00 13:15 13:30 13:5 1:00 1:15 1:30 1:5 17 Aug 2016 TASI Index 6,328.6-0.6% Turnover (SAR mn) 2,99 8% TASI Intra Day Movement Global commentary Research Department research@alrajhi-capital.com Tel:+966 11 211 9370 6,370 6,360 6,350 6,30 6,330 6,320 6,310 6,300 Intraday TASI Activity Trend (Last 10 Days) - 2 Turnover (LHS, SAR bn) Previous Close TASI Index (RHS) 9,000 8,500 8,000 7,500 7,000 6,500 6,000 5,500 5,000 Regional Indices Close 1D% WTD% YTD% KSA (TASI) 6,329-0.5-8. Qatar (DSM) 11,371 2.2 3.8 9.0 Kuw ait (KSE) 5,507 0.3 0.1-1.9 Abu Dhabi (ADSM),53-0. 0.3 5.5 Dubai (DFM) 3,587-0. 1.8 13.8 Oman (MSM30) 5,887-0.3-0.2 8.9 Bahrain (BSE) 1,152-0.6-0. -5.3 MSCI GCC 6 0.2 1.3-1.8 Major Commodities / Currencies Close 1D % WTD % YTD % Gold Spot $/Oz 1,35-0.1 0.6 26.7 Silver Spot $/Oz 19.82 0.2 0.6 3.0 Crude Oil (Brent) 8.83-0.8 13.2 OPEC Basket 3.92 3.1 3.1 0.5 Euro 1.13 3.7 USD Index 9.88 0.1-0.9-3.8 JPY 100.580-0.2 0.7 19.5 Major Global Indices Close 1D % WTD % YTD % DJ Industrial 18,552-0.5-0.1 6.5 S&P 500 2,178-0.5-0.3 6.6 Nikkei 225 16,665 0. -1.5-12. Hang seng 22,96 0.2 0.9.8 FTSE 100 6,89-0.7-0.3 10. CAC 0,60-0.8-0.9-3.8 MSCI World 1,731-0.5-0.3.1 MSCI EM 916 0.6 15.3 Interest Rates 1M 3M 12M 3M Chg 1Y LIBOR (USD) 0.51 0.80 1.51 0.8 SAIBOR 2.27 2.5 1. EIBOR 0.7 1.18 1.76 0.38 Data Sources: Bloomberg Updated as of 17/Aug/2016 7:2 AM US stock markets declined on Tuesday, as Fed policy makers stated that the Fed could hike interest rates at its next monetary policy meeting slated for September. The Nasdaq Composite Index dropped 0.7%, while the S&P 500 shed 0.6%, led by telecom and utilities sectors. Further, the Dow Jones lost 0.5%, pulled down by Johnson & Johnson and Verizon Communications. European markets dropped on Tuesday, as investors shrugged off positive economic sentiment data for Eurozone and Germany. The CAC 0 declined 0.8%, dragged down by Renault and Peugeot, while the FTSE 100 fell 0.7%, led by GlaxoSmithKline and Reckitt Benckiser. The losses in the FTSE 100 were pared by the gains in the mining sector. Further, the DAX lost 0.6%, pulled down by Volkswagen. Most of the GCC markets fell yesterday. Bahrain dropped 0.6%, while Dubai declined 0.%, led by Emaar Properties. Further, Abu Dhabi, too, shed 0.%, pulled down by National Bank of Abu Dhabi and First Gulf Bank; while Oman dropped 0.3%. However, Qatar jumped 2.2%, as the FTSE upgraded Qatar to emerging market status, while Kuwait gained 0.3%. Asian markets are trading on a mixed note this morning. The Nikkei 225 is trading up 0.7%, owing to a rise in oil prices, while the Hang Seng Index is trading up 0.2%. However, the KOSPI and the Shanghai Composite Index are trading down 0.7% and 0.2% respectively. Brent crude advanced 1.8% on Tuesday, as expectations of production freeze rises, as Russia plans to meet the OPEC nations in October. Key crude contracts Brent and WTI ended at US$ 9.23 (+1.8%) and US$ 6.58 (+1.8%), respectively. Saudi commentary Tadawul All Share Index (TASI) lost 29.02 points or 0.6% to close at 6,328.55. Fourteen of the fifteen sector indices closed lower. The advance decline ratio was 30/131. Trading turnover was around SAR 3bn. Bahri subsidiary inks USD8.5mn Islamic facility: The National Shipping Co. of Saudi Arabia s (Bahri) subsidiary, National Chemical Carriers (NCC) on Monday signed a USD8.5mn Murabaha facility agreement with Arab Petroleum Investments Corporation (APICORP). The facility will be used to finance 85 percent of the purchase value of two second-hand medium-range (MR) tankers.(argaam) This round of Murabaha funding and the recently announced USD133mn Murabaha funding helps free up Bahri s cash flows to invest in further fleet expansion which should support the medium to long term growth. Saudi Steel Pipe wins SAR 127 mln Aramco contract: Saudi Steel Pipe Co. (SSP) on Tuesday said it won a SAR 127 million contract to supply Saudi Aramco with steel pipes used in oil and gas fields.(argaam) Please see penultimate page for additional important disclosures. Al Rajhi Capital (Al Rajhi) is a foreign broker-dealer unregistered in the USA. Al Rajhi research is prepared by research analysts who are not registered in the USA. Al Rajhi research is distributed in the USA pursuant to Rule 15a-6 of the Securities Exchange Act of 193 solely by Rosenblatt Securities, an SEC registered and FINRA-member broker-dealer. 1
Cement Industries Building Retail Energy Transport Multi invt Hotels Media TASI Large Cap (>10% Index weight) Sectors Performance TASI Top Gainers / Losers 3.0 - - -3.0 - TASI Petrochem Banks Telecom 1 - -1-1 -2 Company Last Price Chg % Vol (mn) Value Trd (SAR mn) National Gas & Ind 29.27 6. 1.871 5.15 Al Tayyar 36.83 5. 7.27 263.1 Al Jouf 30.75.8 0.33 13. Abd A.M. Al Khodari 10.81 2.5 5 11.2 Aljazira Takaful 27.9 1.6 0.150.1 Company Last Price Chg % Vol (mn) Value Trd (SAR mn) Buruj Coop Ins 20.1-3.7 1.312 26.79 United Wire Fact 27.9-3.5 55 1.55 Yansab.3-3.3 0.252 1 Sadafco 19.8-3.2 09 1.30 Wafa 16.3-3.2 0.825 13.65 TASI Mid Cap (5-10% index weight) Sectors Performance TASI Top Index Movers / Losers (Heavy weight stocks) -0.5 - -1.5 - -2.5 1 Real Estate Agri - -1-1 -2-2 Company Last Price Chg % Index Imp Value Trd (SAR mn) Al Tayyar 36.83 5. 2.7 7.25 Almarai 55.25 0.7 0.58 National Gas & Ind 29.27 6. 1.87 NCB 36.88 0.2 0.7 0.0 Al Hokair 3.37 1.2 0.6 0.59 Company Last Price Chg % Index Imp Value Trd (SAR mn) Al Rajhi Bk 57.26-0.6 -. 62.29 STC 58.35-1.7-3. 3.1 Yansab.32-3.3-3.2 1 Jabal Omar 60-0.8-2.8 11.37 Samba 19.33-0.8-1.6 6.22 TASI Small Cap (<5% index weight) Sectors Performance TASI Volume Leaders 6 5 3 2 1 0-1 -2-3 - 3 2 1-1 -2-3 - -5 Company Last Price Chg % Vol (mn) Value Trd (SAR mn) Alinma Bk 13.2-0.2 36.671 86.88 Saudi Kayan 7.10 0.1 1.963 107.06 Dar Al Arkan 6.17 12.856 79.70 Al Tayyar 36.83 5. 7.27 263.1 Sabic 8.56-0.1 6.75 573.30 Amana Coop Ins 18 3.61 36.88 Zain Saudi 7.10-0.6 2.2 17.50 Saudi Re For Coo 6.07 0.5 1.988 12.12 Etihad Atheeb 3.90-1.3 1.905 7.52 Tabuk Agriculture 11.93-2.1 1.871 22.58 TASI Stocks Closer to 52 Week High TASI - Stocks Closer to 52 Week Low Company Last Price 52Wk High % Diff Value Trd (SAR mn) Sanad Coop Ins 15.23 15.23 % 00 Weqaya For Takaf 19.39 19.39 % 00 Filing & Packing 7.63 8.30 1.%.53 National Gas & Ind 29.27 29.80 1.8% 5.16 United Co-Operat 1.85 15.0 3.7% 27.961 Company Last Price 52Wk Low % Diff Value Trd (SAR mn) Sanad Coop Ins 15.23 15.23 % 00 Weqaya For Takaf 19.39 19.39 % 00 Halw ani Bros Co 53.29 53.00 0.5% 97 Wataniya Ins 25.2 20 %.10 Riyad Bank 10.8 10.70 1.3% 6.339 Disclosures Please refer to the important disclosures at the back of this report. 2
1 DSM Bank Telecom Consumer Transport Real Estate 1 ADSM Real Estate Energy Telecome Banks Fin. Industrial Consumer 1 DFM Bank Reality Investment Transport 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 12M 2016E 2017E Current 12M (%) Saudi Arabia 6,329-0.5 0. -8. 391 139 795 1.9 13.3 1 1.5 3.8 Qatar 11,371 2.2 7.2 9.0 12 1.6 196 15.8 1.2-1.7 3.6 Dubai 3,587-0. 3.0 13.8 85 251 130 12.8 11.6 1.3.2 Abu Dhabi,53-0. -0.7 5.5 122 71 5 12.1 12.2 6.3 1.5 5. Kuw ait 5,507 0.3-1.9 81 62 2 19.3 NA 8.5.3 Oman 5,887-0.3 0.7 8.9 17 12 8 10.3 9.0-8.2 1.2 Bahrain 1,152-0.6-0.3-5.3 18 2.3 1 9.7 NA NA 0..6 Dubai Activity Trend (Last 10 Days) Dubai Sector Performances Dubai Top Gainers / Losers 1.2 0.8 0. Turnover (LHS, AED bn) DFMGI Index (RHS) 3,650 3,600 3,550 3,500 3,50 3,00 3,350 3,300 1-3 DFM 1. 5.1 22.17 3 Takaful Emarat Ins 2.81 2.2 0.36 2 DIB 5.60 1.1 17.07 2 Aramex 3.92 0.88 1 Marka 1.13 0.9 0 1 - Dubai Parks 1.70-2.9 30.73 Emaar Malls 2.88-2. 2.11 Mashreq Bk 60-1.5 0 Air Arabia -1. 19.38 Emaar Prop 7.3-1.3 11.55 Abu Dhabi Activity Trend (Last 10 Days) Abu Dhabi Sector Performances Abu Dhabi Top Gainers / Losers 0.5 Turnover (LHS, AED bn) ADSMI Index (RHS) 5,000,500,000 - -1-1 -2-2 3 RAK Cement 0.82 2.5 87 2 Aldar Prop 2.88 2.1 28.778 2 Eshraq Propertie 0.7 1. 3.81 1 RAK Ceramics 3.18 1.3 0.521 1 Arkan Building Mat 0.87 1.2 30 - -1-1 -2 Abu Dhabi Natl Ins 1.89-1 22 Natl Marine Dredg.62-5.7 01 Al Khazna Ins 0.39 -.9 0.36 Waha Capital 1.96-6.069 Sharjah Islamic Bk 1.53-1.9 0.118 Qatar Activity Trend (Last 10 Days) Qatar Sector Performances Qatar Top Gainers / Losers 0.9 0.6 0.3 Turnover (LHS, QAR bn) DSM Index (RHS) 11,600 11,200 10,800 10,00 10,000 1 1 8.0 6.0-3 Qatar Navigation 96.00 6.7 0.336 2 QNB 168.50 6.7 0.77 2 Aamal Co 1.15 5.9 1.951 1 Qatar Intl Is Bk 68.00.3 0.380 Qatar 88.00 3.5 0.609 1 Vodafone Qatar 16-1.2 1.163 Al Meera Consumer 220.10-0.8 5 QIsB 113.90-0.1 0.821 Disclosures Please refer to the important disclosures at the back of this report. 3
1 BSE Banks Hotel & Tourism Industries 1 1 KSE Technology Investment Industrial Real estate Bank Fin. Parallel Telecom Consumer Basic material Oil&Gas Healthcare Thousands Kuwait Activity Trend (Last 10 Days) Kuwait Sector Performances Kuwait Top Gainers / Losers 12 10 8 6 2 0 Turnover (LHS, KWD mn) KWSEIDX Index (RHS) 5,530 5,520 5,510 5,500 5,90 5,80 5,70 5,60 5,50 5,0 5,30 3.0 - - -3.0-2 Mushrif Trading 58 7. 69 1 Kuw ait Cable Vision 23 7.0 22 Aw j Holding 69 6.2 3 1 Securities House 6.5 5.7 2.139 Kuw ait Building 190 5.6 03 - -1-1 Ikarus Petroleum 3-6.9 0.293 Wataniya 100-5.5 22 Yiaco Medical Co 228 -.2 00 Commercial Bk Kw t 350 -.1 0 Gulf Franchising 27-3.6 5 Oman Activity Trend (Last 10 Days) Oman Sector Performances Oman Top Gainers / Losers 0 Turnover (LHS, OMR mn) MSM30 Index (RHS) 5,920 5,900 5,880 5,860 5,80 5,820 5,800 1.5 0.5-0.5-18.0 Oman Cement Co 0.82 2.6 0.271 16.0 Raysut Cement 1.80 2.1 21 1 1 1 8.0 MSM 30 Bank Industry 6.0 Bank Nizw a 76-2.6 0.312 Bank Sohar 0.170-2.3 1.80 Al-Anw ar Ceramic 0.221-1.8 0.362 Gulf Invest Svcs 0.125-1.6 0.310 Al Sharqiya Inv 0.10-1. 0.2 Bahrain Activity Trend (Last 10 Days) Bahrain Sector Performances Bahrain Top Gainers / Losers 3.0 2.5 1.5 0.5 - Turnover (LHS, BHD mn) BHSEASI Index (RHS) 1,160 1,158 1,156 1,15 1,152 1,150 1,18 - - -6.0-8.0-1 - - -6.0-8.0-1 -1-1 -16.0 Ithmaar Bank 0.125.2 1.159 Bahrain Islamic Bk 0.100-9.1 56 Arab Banking Corp 0.320-5.9 0.200 Ahli United Bk 0.60-0.8 0.33 Bahrain Comm Fac 0.655-0.8 30 BBK 0.370-0.5 10 Disclosures Please refer to the important disclosures at the back of this report.
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