7-Nov 8-Nov 9-Nov 10-Nov 1 Thousands 10:00 10:15 10:30 10:45 11:00 11:15 11:30 11:45 12:00 12:15 12:30 12:45 13:00 13:15 13:30 13:45 14:00 14:15 14:30 14:45 14 November 2016 TASI Index 6,663.3 7% Turnover (SAR mn) 5,728.7-12% TASI Intra Day Movement Global commentary Research Department research@alrajhi-capital.com Tel:+966 11 211 9370 6,700 6,650 6,600 6,550 6,500 6,450 Intraday TASI Activity Trend (Last 10 Days) - 8 6 4 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) 6,663 2.1 2.1-3.6 Qatar (DSM) 9,872-0.9-0.9-5.3 Kuw ait (KSE) 5,481-2.4 Abu Dhabi (ADSM) 4,236-1.1-1.1-1.7 Dubai (DFM) 3,233-1.3-1.3 2.6 Oman (MSM30) 5,417 0.2 Bahrain (BSE) 1,162 0.1 0.1-4.4 MSCI GCC 446-1.7 Major Commodities / Currencies Close 1D % WTD % YTD % Gold Spot $/Oz 1,216 - - 14.6 Silver Spot $/Oz 17.23-0.9-0.9 24.3 Crude Oil (Brent) 44.80 0.1 0.1-0.4 OPEC Basket 42.67 1.8 36.5 Euro 8-0.6-0.6-0.7 USD Index 99.52 0.9 JPY 107.480-0.8-0.8 11.8 Major Global Indices Close 1D % WTD % YTD % DJ Industrial 18,848 0.2 8.2 S&P 500 2,164-0.1 5.9 Nikkei 225 17,669 1.7 1.7-7.2 Hang seng 22,267-1.2-1.2 1.6 FTSE 100 6,730-1.4 7.8 CAC 40 4,489-0.9-3.2 MSCI World 1,697-0.3 2.1 MSCI EM 849-6.9 The US will begin the week by releasing retail sales data and import and export price index stats on Tuesday, while industrial production data and housing market index numbers will be published on Wednesday. Further, housing starts data, initial jobless claims stats and the CPI numbers will be out on Thursday, while the Fed Chairwoman will deliver a speech in front of the Congress on the same day. In Europe, the ECB President will deliver a speech on Monday, while the UK s CPI data, the Eurozone s trade balance stats and Germany and Eurozone s Q3 GDP stats (preliminary) and economic sentiment data will be published on Tuesday. Meanwhile, the UK s retail sales data, the Eurozone s CPI numbers and the ECB s monetary policy meeting accounts will be released on Thursday. Further, the ECB President and the German Buba President will deliver a speech on Friday. GCC markets ended the session on a mixed note on Sunday. Dubai slipped 1.3%, pulled down by Emaar Properties and DXB Entertainments, while Abu Dhabi declined 1.1%, backed by Etisalat and First Gulf Bank. Further, Qatar dropped 0.9%, led by Industries Qatar. However, Bahrain edged up 0.1%, while Kuwait and Oman ended on a flat note. Asian markets are trading on a mixed note this morning. The Nikkei 225 is trading up 1.5%, owing to better-than-expected Q3 GDP data (preliminary), while the Shanghai Composite Index is up 0.4%. However, the Hang Seng Index is trading down 1.1%, while the KOSPI is down 0.2%, due to political turmoil in South Korea. Saudi commentary Tadawul All Share Index (TASI) gained 135.26 points or 7% to close at 6,663.31. All of the fifteen sector indices closed higher. The advance decline ratio was 159/11. Trading turnover was around SAR 5.7bn. Zain Saudi CEO shrugs off Mobily provision impact on net income: Zain Saudi s net income is unlikely to be hurt by the SAR 219.5 million it was ordered by an arbitration panel to pay Etihad Etisalat Co. (Mobily) as the company has already made provisions for it, CEO said. (Argaam) Alandalus reveals updates on current projects: Alandalus Property Co. said that a plot of land allocated for its jointly owned hospital with Sulaiman Al Habib Medical Group was divided and allocated for the construction of a hospital, residential units and a commercial mall. (Argaam) Flotation of Egyptian pound to cost SPIMACO SAR 40 mln in Q4: The decision by the Egyptian government to float the country s currency will cost Saudi Pharmaceutical Industries and Medical Appliances Corporation (SPIMACO), Saudi Arabia s largest medicines producer, SAR 40 million in fourth quarter. (Argaam) Interest Rates 1M 3M 12M 3M Chg 1Y LIBOR (USD) 4 0.91 1.59 5 SAIBOR 1.96 2.20 2.54 1.18 EIBOR 0.73 1.31 1.96 0.48 Data Sources: Bloomberg Updated as of 14/Nov/2016 8:14 AM 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 1934 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 1 1 1 1 TASI Petrochem Banks Telecom - - Med & Gulf Ins 29 9.9 2.294 46.27 United Intl Transport 38 ` 0.781 23.62 Saudi Res and Mktg 25.20 9.8 98 14.61 Thimar 26.30 9.8 1.230 31.81 Saudi Printing & Pkg 15.50 9.7 2.175 32.68 Basic Chemical Ind 25.2-9.7 4.169 105.44 Al Babtain Pow er 27.6-2.7 0.756 27 Almarai 6-0.416 22 Al Othaim 84.7-0.9 0.293 24.79 Sabic 8-0.8 3.671 316.83 TASI Mid Cap (5-10% index weight) Sectors Performance TASI Top Index Movers / Losers (Heavy weight stocks) 1 1 1 - - - - Real Estate Agri Company Last Price Chg % Index Imp Value Trd (SAR mn) Jabal Omar 70.95 2.4 9.6 3 Banq Saudi Fr 26.78 5.4 9.0 3.12 Samba 20 3.7 8.4 2 Savola 37.86 5.4 7.9 0.87 Riyad Bank 10.81 3.7 6.2 2.94 Company Last Price Chg % Index Imp Value Trd (SAR mn) Sabic 83-0.8-4.5 316.83 Almarai 59.98 - -1.6 22 Basic Chemical Ind 25.20-9.7-0.6 105.44 Al Babtain Pow er 27.57-2.7-0.3 27 Al Othaim 84.73-0.9-0.2 24.79 TASI Small Cap (<5% index weight) Sectors Performance TASI Volume Leaders 35 30 25 20 15 10 5 0 3 - - -3-4 -5-6 Dar Al Arkan 5.89 5.4 112.399 647.61 Saudi Kayan 0 1.9 21.550 171.35 Alinma Bk 14.20-0.1 21.548 306.75 Saudi Paper Mfg 9.63 9.7 13.652 127.12 Zain Saudi 8.18 0.7 8.791 73 Takw een Advanced 11.70 4.5 7.877 91.32 Etihad Atheeb 3.24 4.2 6.931 22.18 Sahara Petro 10.86 2.6 4.567 48.93 Basic Chemical Ind 25.20-9.7 4.169 105.44 Saptco 13.23 1.6 4.142 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 NIC 16.30 16.35 0.3% 29.910 Dallah Healthcare 94.75 95.25 % 27.899 Jabal Omar 70.95 71.50 0.8% 213.581 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 Kingdom Hold 10.68 9.80 9.0% 6.708 Saudi Vitrified 61 55.25 12.2% 24.507 Takw een Advanced 11.70 10.30 13.6% 91.323 Disclosures Please refer to the important disclosures at the back of this report. 2
DSM Bank Telecom Consumer Transport Real Estate 7-Nov 8-Nov 9-Nov 10-Nov 1 ADSM Real Estate Energy Telecome Banks Fin. Industrial Consumer 7-Nov 8-Nov 9-Nov 10-Nov 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 6,663 2.1 10.8-3.6 412 364 1,527 15.8 14.2 13.1 1.5 3.5 Qatar 9,872-0.9 - -5.3 125 5.8 56 14.3 12.5-1.5 4.1 Dubai 3,233-1.3-2.6 77 450 143 11.7 10.4 1.2 4.3 Abu Dhabi 4,236-1.1-1.5-1.7 112 277 94 10.9 11.1 6.3 1.3 5.8 Kuw ait 5,481 1.5-2.4 83 171 57 18.9 NA 8.5 4.3 Oman 5,417-1.2 0.2 16 4 2 10.2 8.4-8.2 5.3 Bahrain 1,162 0.1 1.2-4.4 18 3.5 1 9.4 NA NA 0.4 4.8 Dubai Activity Trend (Last 10 Days) Dubai Sector Performances Dubai Top Gainers / Losers 1.6 1.2 0.8 0.4 Turnover (LHS, AED bn) DFMGI Index (RHS) 3,340 3,320 3,300 3,280 3,260 3,240 3,220 3,200 3,180 - - Dubai Islamic Ins 4 6.4 0.15 Amanat Holdings 0.97 4.6 235.91 Aramex 3.93 4.2 2.12 Islamic Arab Ins 0.48 3.2 30 Du 5.94 1.5 0.14 4 3 3 2 - - Shuaa Capital 1.29-8.5 11.43 Dubai Natl Ins 2.35-8.2 3 DXBI 1.98-4.4 4.12 Dubai Invest 0.45-3.5 10.20 Emaar Prop 6.50-8 Abu Dhabi Activity Trend (Last 10 Days) Abu Dhabi Sector Performances Abu Dhabi Top Gainers / Losers Turnover (LHS, AED bn) ADSMI Index (RHS) 4,500 4,000 - - - - - - -7.0 Union 1.86 14.8 32 Methaq Takaful 0.85 6.3 22.512 Eshraq Propertie 7 4.9 229.776 Agthia Group 6.24 0.604 RAK Ceramics 2.50 3.3 0.152 - - - - -2 Arkan Building Mat 0.88-8.3 0.117 Intl Fish Farming 1.51-7.9 57 Aldar Prop 2.49-4.2 8.667 NBAD 8.66-2.5 0.315 Waha Capital 1.76-2.2 69 Qatar Activity Trend (Last 10 Days) Qatar Sector Performances Qatar Top Gainers / Losers 1 1 1 - - - - Real Estate Agri - - - - - Med & Gulf Ins 29 9.9 2.294 46.27 United Intl Transport 38 ` 0.781 23.62 Saudi Res and Mktg 25.20 9.8 98 14.61 Thimar 26.30 9.8 1.230 31.81 Saudi Printing & Pkg 15.50 9.7 2.175 32.68 - - Basic Chemical Ind 25.2-9.7 4.169 105.44 Al Babtain Pow er 27.6-2.7 0.756 27 Almarai 6-0.416 22 Al Othaim 84.7-0.9 0.293 24.79 Sabic 8-0.8 3.671 316.83 Disclosures Please refer to the important disclosures at the back of this report. 3
24-Oct 25-Oct 26-Oct 27-Oct 30-Oct BSE Banks Hotel & Tourism Industries 24-Oct 25-Oct 26-Oct 27-Oct 30-Oct 24-Oct 25-Oct 26-Oct 27-Oct 30-Oct 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 40 35 30 25 20 15 10 5 0 Turnover (LHS, KWD mn) KWSEIDX Index (RHS) 5,460 5,440 5,420 5,400 5,380 5,360 5,340 5,320 5,300 5,280 2.5 1.5 - - -1.5 2 GFH 116 9.4 2.431 Hets telecom 39.5 6.8 3.600 City finance 44.5 1.380 Human Soft 1780 55 Al Salam Group Hldg 45.5 5.8 11.872 - - - - Hilal Cement Co 118-7.8 04 Housing Finance 48.5-6.7 3.627 Kuw ait Fin & Invest 33-5.7 44 Ifa Hotels & Res 160-4.8 00 Al-Mazaya Hldg 110-3.5 2.566 Oman Activity Trend (Last 10 Days) Oman Sector Performances Oman Top Gainers / Losers 8 4 0 Turnover (LHS, OMR mn) MSM30 Index (RHS) 5,540 5,520 5,500 5,480 5,460 5,440 5,420 0.6 0.4 0.3 0.2 0.1-0.1-0.2-0.3-0.4 - MSM 30 Bank Industry - NBO 0.227 3.2 55 Gulf Invest Svcs 0.107 1.9 0.158 Al Sharqiya Inv 0.115 1.8 0.171 Ooredoo 0.640 1.3 0.211 Al Anw ar Holding 0.164 0.6 0.830 Sembcorp 0.235-4.1 78 Bank Nizw a 78-1.3 2.459 Bank Muscat 0.410-0.325 Bahrain Activity Trend (Last 10 Days) Bahrain Sector Performances Bahrain Top Gainers / Losers 9.0 7.0 - Turnover (LHS, BHD mn) BHSEASI Index (RHS) 1,152 1,150 1,148 1,146 1,144 1,142 1,140 1,138 2.5 1.5 - - -1.5 - - - - - - -1-1 -1-1 NBB 0.705 2.2 02 Ahli United Bk 0.635 0.8 0.300 BMMI 0.835 0.6 25 Bahrain Islamic Bk 0.108-6.1 0.153 Khaleeji Com Bk 55-3.5 0.170 Albaraka Banking 0.470-2.1 81 Nass Corp 0.105-0.9 0.100 Disclosures Please refer to the important disclosures at the back of this report. 4
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