Global & Regional Benchmarks UAE Trading Summary Indices Close 1Day 1Mnth 3Mnth YTD 1Y (AEDm) BUY SELL NET Change Change Change Change Change ADX 4,690-0.5% 3.4% 2.1% 6.6% 3.0% ADX 139 139 - DFM 3,133 1.4% -1.0% -10.3% -7.0% -11.5% Local 57% 59% -2% TASI 7,803-1.9% 0.3% 6.3% 8.0% 9.9% Foreign 43% 41% 2% KWSEI 6,633 0.5% -1.4% 1.1% 3.5% -5.8% Institutional 58% 46% 12% EGX 17,944 1.4% 7.2% 17.7% 19.5% 38.2% Retail 42% 54% -12% Dow Jones 24,189-0.9% -3.9% -6.3% -2.1% 17.5% DFM 210 210 - S&P 500 2,642-0.6% -5.1% -5.2% -1.2% 12.7% Local 51% 53% -3% Nasdaq 7,069-0.4% -6.8% -2.6% 2.4% 21.1% Foreign 49% 47% 3% FTSE 100 7,257-0.1% 0.6% -6.7% -5.6% -1.2% Institutional 53% 33% 20% DAX 12,294-0.8% -1.0% -7.2% -4.8% 1.1% Retail 47% 67% -20% CAC40 5,278-0.6% 0.0% -4.3% -0.7% 3.5% Total 349 349 - Nikkei225 21,658-0.1% -0.8% -8.4% -4.9% 16.7% Local 53% 56% -2% HIS 30,828-0.2% -2.4% -1.9% 3.0% 26.8% Foreign 47% 44% 2% Upcoming Corporate Actions & Events Date Company Event 12-Apr ADIB Board 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 DXB Entertainments Q1 Visits Up 45 Percent, Sees Lower Numbers in 2Q
Emaar May Sell Shares in India, Hotel Units Within Three Years GEMS to Call Perpetual Sukuk, Continues to Assess Share Offering DAMAC launches $400 mln five-year sukuk ADNOC mulls downstream opportunities abroad with Aramco DP World May Bid for New Free Trade Zone at JNPT Mashreq Bank Sets up $1b Certificate of Deposit Program in HK Saudi Aramco Signs MoU Deal for India's Ratnagiri Refinery Saudi Arabia completes pricing for $11 billion bond issue Saudi's SAICO Signs Auto Insurance Agreement with Al Rajhi Bank Egypt Cabinet Approves Launching EGP5B Sovereign Wealth Fund Egypt's National Cement Sees FY 2018-2019 Loss of EGP 359.6 Mln Global Markets Wrap: Asian stocks came under pressure on Thursday as the threat of imminent U.S. military action in Syria rattled investors and sent oil prices to their highest levels since late 2014 on concerns about supply. Trump declared that missiles "will be coming" in Syria, taunting Russia for supporting Syrian President Bashar al-assad after a suspected chemical attack on rebels. Damascus and Moscow have denied any responsibility. Minutes of the Federal Reserve's last policy meeting on March 20-21 released on Wednesday showed all of its policymakers felt that the U.S. economy would firm further and that inflation would rise in the coming months. Brent crude futures were at $72.25 per barrel at 0250 GMT, up 19 cents, or 0.3 percent from their last close. U.S. WTI crude futures were at $67.010 a barrel, up 28 cents, or 0.4 percent from their last settlement. Both Brent and WTI hit their highest since late 2014 of $73.09 and $67.45 per barrel on Wednesday, respectively. US crude inventories rose by 3.3 million barrels in the week ended April 6, compared with analysts' expectations for a decrease of 189,000 barrels. U.S. crude oil production last week hit a fresh record of 10.53 million barrels per day (bpd), up by a quarter since mid-2016.
UAE: DXB Entertainments Q1 Visits Up 45 Percent, Sees Lower Numbers in 2Q. DXBE welcomed 851 thousand visits during the first quarter of 2018, an increase of 45% compared to the first quarter of 2017, and an increase of 7% compared to the 4Q2017. Management also noted that Theme parks are seasonal in nature and whilst we expect to deliver year-on-year growth, we anticipate the warmer second quarter to deliver lower visitation than the cooler months of the first quarter. Developer Emaar Properties units in Turkey and Saudi Arabia may also be offered to the public at the right time, Chairman Mohamed Alabbar said in a Bloomberg TV interview. Emaar units under the mother umbrella aren t fairly valued, Alabbar said. So if we put them on the side as separate entities you create a better value that way Emaar should see growth of 20% to 25% annually. Alabbar says past two years have been difficult for the Dubai developer. GEMS Education intends to call its perpetual subordinated sukuk at the first call date of Nov. 21, the Dubai-based school operator backed by private equity firms Blackstone and Fajr Capital says in a statement. Says as company and shareholders evaluate a public offering of securities, GEMS has absorbed certain one-off costs, which have been excluded from adjusted EBITDA. DAMAC has launched a $400 million, five-year sukuk with a 6.625 percent yield, a document from one of the banks leading the Islamic bond issue showed. The sukuk was marketed on Wednesday with an initial price guidance in the 6 percent area. Orders rose to about $850 million, including from the banks arranging the transaction, the document showed. Abu Dhabi National Oil Co (ADNOC) is in talks with several partners, including Saudi Aramco, for possible downstream joint ventures abroad, particularly in Asia, industry sources with knowledge of the matter told Reuters. DP World, one of the leading global operators of marine and inland terminals, is interested in setting up a logistics hub and also managing the free trade zone in Mumbai's Jawaharlal Nehru Port Terminal (JNPT). The company is
likely to bid for the free trade zone that will come up in the 277 hectare special economic zone (SEZ) in the country's largest port. Mashreq Bank sets up a $1 billion certificate of deposit program in Hong Kong, the Dubai-based lender says in a statement. The program, which aims to provide access to new liquidity pools in Asia-Pacific, is offered in multiple currencies and will help Mashreq raise funds in USD, EUR, and Asian currencies, including RMB GCC/ MENA: State-run Saudi Aramco signs memorandum of understanding with India s RRPCL consortium for 1.2m b/d integrated refinery and petrochemical project on South Asian nation s west coast, according to emailed statement from Aramco. Saudi Arabia s ministry of finance has completed the successful pricing of $11 billion in bonds split into three tranches, it said on Wednesday. The transaction was the kingdom s third international issuance under its global medium-term note programme. It issued $4.5 billion in seven-year notes, $3 billion in 12-year notes and $3.5 billion in 31-year notes. Saudi's SAICO Signs Auto Insurance Agreement with Al Rajhi Bank toprovide insurance coverage for vehicles sold by bank under financial leasing program. Expects annual premiums from one year contract to exceed 5 percent of co's revenue Egypt Cabinet Approves Launching EGP5B Sovereign Wealth Fund. The fund, which will manage the state s unutilized assets, has a paid-up capital of 5 billion pounds ($280m) and licensed capital of 200 billion pounds, Planning Minister Hala El-Saeed tells reporters in Cairo. Egypt's National Cement Sees FY 2018-2019 Loss of EGP 359.6 Mln (Source: ADX, DFM, Bloomberg, Reuters, Gulf News, The National, Arabian Business)
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