` 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 8,835.1 5% Turnover (SAR mn) 7,18 16% Research Department research@alrajhi-capital.com Tel:+966 11 11 933/Fax: +966 11 1194 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) 8,835.9.9 3.5 Qatar (DSM) 11,174 7.7 Kuw ait (KSE) 7,81.7.7 3.5 Abu Dhabi (ADSM) 4,693 9.4 Dubai (DFM) 3,754 - - 1 Oman (MSM3) 7,93.1.1 3.8 Bahrain (BSE) 1,91 - - 3.4 MSCI GCC 58 4.3 Major Commodities / Currencies Close 1D % WTD % YTD % Gold Spot $/Oz 1,46.1.1 3.3 Silver Spot $/Oz 19.17-1.5 Crude Oil (Brent) 16.33 -.1 -.1-3.8 OPEC Basket 19.1 -.6 Euro 1.35 -. USD Index 89 JPY 1.6 - -.9 Major Global Indices Close 1D % WTD % YTD % DJ Industrial 15,699 -.9-5.3 S&P 5 1,783 - -3.6 Nikkei 5 14,695-1.5-1.5-9.8 Hang seng,35 - -5.5 FTSE 1 6,51 - -3.5 CAC 4 4,166 -.3 - MSCI World 1,598 - -3.8 MSCI EM 937-6.6 Interest Rates 1M 3M 1M 3M Chg 1Y LIBOR (USD).16 4 7-6 SAIBOR 5.96 1.1-3 EIBOR 5 1 1.18-9 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
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 5 6.1 1 78.51 Saudi Inv Bk 3.9 5.8 1.583 48.54 Saudi Steel Pipe 35.1 5.4 1 Alinma Bk 17.4 4.8 78.589 1351.11 Al Babtain Pow er 3.8 3.8 39 4.34 Sanad Coop Ins 18.3-5.7 94 13.14 Etihad Atheeb 14.9-4.5 183 164 Saudi Vitrified 7 -.16 19 Salama Coop Ins 3 -.9 4 14.87 Aldrees Petroleum 49.4 -..97 46.7 TASI Mid Cap (5-1% index weight) Sectors Performance TASI Top Index Movers / Losers (Heavy weight stocks) 1.5 - - - - - Real Estate Agri - -1-1 Company Last Price Chg % Index Imp Value Trd (SAR mn) Sabic 11 1 5.7 Alinma Bk 17.4 4.8 9.4 78.59 Al Rajhi Bk 7.5 1.1 8.6 4.9 Riyad 37.8.7 4.56 Jabal Omar 3.6 3.5 6.5 1.98 Company Last Price Chg % Index Imp Value Trd (SAR mn) Albilad 39.9-1.5-1.9 37 Al-Jazira 38.7-1.5-1.8 96.33 Yanbu Cem 64.5 - - 35.51 Sahara Petro 1.55 -.9 -.9 5.86 Saudi Pharm Ind 6 - -.7 15.99 TASI Small Cap (<5% index weight) Sectors Performance TASI Volume Leaders 3 1 1-1 1 - Alinma Bk 17.4 4.8 78.589 1351.11 Dar Al Arkan 1.1.119.69 Emaar Eco City 14.5. 18.16 57.16 Jabal Omar 3.6 3.5 1.98 46 Etihad Atheeb 14.85-4.5 183 164 Saudi Kayan 1-5.775 8.91 Sabic 11 5.68 589.31 Know Econ City 17.6 65 89.4 Riyad 37.8.7 4.56 173.61 Al Rajhi Bk 7.5 1.1 4.87 318-1 - 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 47.6 47.6 % 49 Emaar Eco City 14.5 14.3 % 57.16 Al Hokair 148.5 149. % 1 Saptco 9.8 3.7% 4.31 Aminatit 15.7 15.85 % 16.419 Source: Al Rajhi Capital, Bloomberg Company Last Price 5Wk Low % Diff Value Trd (SAR mn) Sanad Coop Ins 18.3 18.3 % 13.144 Salama Coop Ins 3 3.8 % 14.871 Weqaya For Takaf 7.1 6.9.7% 1.895 Al Rajhi Takaful 38.6 3 % 1.534 Arabia 19.95 19.6 1.8% 4.934 Disclosures Please refer to the important disclosures at the back of this report.
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 8,835.9.9 3.5 485 58 1,915 14.4 17.7 13.5. 3.3 Qatar 11,174 7.7 131 5.3 71 17.1 1 1.9 4.1 Dubai 3,754 - - 1 7 354 4 1.9 19.1 14.9.4 Abu Dhabi 4,693 9.4 119 384 7 1 1.9 1.1 3.8 Kuw ait 7,81.7.7 3.5 11 36 19 11.9 17.1 NA 3.6 Oman 7,93.1.1 3.8 19 3 16.3 1 11.5 3.7 Bahrain 1,91 - - 3.4 19 1.7 9.6 8.5 1.3.9 3.7 Source: Al Rajhi Capital, Bloomberg Dubai Activity Trend (Last 1 Days) Dubai Sector Performances Dubai Top Gainers / Losers 3..8.4 Turnover (LHS, AED bn) DFMGI Index (RHS) 3,9 3,8 3,7 3,6 3,5 - - -1.5 - Arabtec 4.4.8 88.9 Drake & Scull Intl 1.54 3 1 Air Arabia 1.55 1.3 3.97 1 ENBD 7.6.45 Du 6.51 1.11 - -1 Gulf Navigation -3. 45.77 Deyaar Devt 6-3.1 31 Gulf General Inv 1.5 -.6.77 Takaful House 1.17 -.5 DFM.49-19 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 4,44 - - - - - - - RAK Cement 5 14.6 13.14 Gulf Medical Pro.6 8.3.118 Union Cement 4 5.8.1 Sharjah Cement 1.38 4.6.759 Gulf Cement Co 6 4.4 18 3 3 1 1 - Union.9-1 6 Gulf Pharma Ind 3. -9.3.73 Abu Dhabi Ship 4.6-8.6 85 Waha Capital.89-5.9 37 Fujairah Cement 1.18-5.6 7 Qatar Activity Trend (Last 1 Days) Qatar Sector Performances Qatar Top Gainers / Losers Turnover (LHS, QAR bn) DSM Index (RHS) 11,4 11, 11, 1,8 - - - - Gulf Intl Servcs 79.3 43 Qatar Navigation 88.9 81 Nakilat.9 9 Qatar Electric 18 61 QIsB 75.5 41 1 1 1 Qatary investors 4 -.4.176 CBQ 7-1.3.161 Vodafone Qatar 11.31-31 Natl Leasing 3.7 -.171 Ooredoo 14 -.7 41 Disclosures Please refer to the important disclosures at the back of this report. 3
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 8 6 4 Turnover (LHS, KWD mn) KWSEIDX Index (RHS) 7,85 7,8 7,75 7,7 - - - - Alrai Media Grp 158 6.8.189 Nafais Holding 86 6. 1 Equipment Hldg Co 176 5.74 Gulf Franchising 9 5.8 4 Munshaat Real Es 186 5.7 9.884 - - Al Massaleh Real 88-5.4 9 First Investment 9-5.3 9.135 Kuw ait Fin & Invest 89-4.3 1 Al Mal Invest 46-4. 9.63 A'ayan Real Est 1-3.9.89 Oman Activity Trend (Last 1 Days) Oman Sector Performances Oman Top Gainers / Losers 8 4 16 1 8 4 Turnover (LHS, OMR mn) MSM3 Index (RHS) 7,5 7, 7,15 7,1 7,5 7,.1.1 -.1 -.1 - MSM 3 Industry Almadina Invt.139 4.5 1.559 Oman Invest &Fin 88 1.8 1.936 Gulf Invest Svcs 85 4.88 Global Fin Inves.179 1.1 4.641 Ominvest 46.9.148 Oman United Ins 6-1.3 1.19 Dhofar.366-1.1 Nizw a.1-88 Al Anw ar Holding.39-73 Renaissance Serv.79-53 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 1,6 - - -1.5 - - - - - -1 Esterad Invest.19. 6 Albaraka ing.78 1.3 4 Bahrain Telecom.3.7 3 Ahli United Bk.785 31 Al-Salam.146-9.3 9 Khaleeji Com Bk 41-4.7 17 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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