2-Apr 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 16 April 2017 TASI Index 7,076.9-0.31% Turnover (SAR mn) 3,261.9-10% TASI Intra Day Movement Global commentary Research Department research@alrajhi-capital.com Tel:+966 11 211 9370 7,110 7,100 7,090 7,080 7,070 7,060 7,050 Intraday TASI Activity Trend (Last 10 Days) - 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) 7,077-0.3-1.9 Qatar (DSM) 10,451-0.4 0.1 Kuw ait (KSE) 7,008 21.9 Abu Dhabi (ADSM) 4,519-0.6 Dubai (DFM) 3,507-0.1-0.1-0.7 Oman (MSM30) 5,570-3.7 Bahrain (BSE) 1,356-0.1 11.1 MSCI GCC 477 0.1 Major Commodities / Currencies Close 1D % WTD % YTD % Gold Spot $/Oz 1,286-0.2 2.5 11.6 Silver Spot $/Oz 18.54 16.5 Crude Oil (Brent) 55.89 0.1 1.2-4.4 OPEC Basket 53.67 0.6 1.4 0.7 Euro 6 0.3 USD Index 100.51-0.7-1.7 JPY 108.640 0.4 2.3 7.7 Major Global Indices Close 1D % WTD % YTD % DJ Industrial 20,453-0.7 3.5 S&P 500 2,329-0.7 Nikkei 225 18,336-0.5-4.1 Hang seng 24,262-0.2 10.3 FTSE 100 7,328-0.3 2.6 CAC 40 5,071-0.6 4.3 MSCI World 1,832 4.6 MSCI EM 960-0.3 11.4 US stock markets declined over the past week, owing to the US President s comments on the rising US dollar and higher interest rates. Further, the persistent geopolitical tensions also weighed on the indices. The Nasdaq Composite Index and the S&P 500 dropped 1.2% and 1.1%, respectively, while the Dow Jones fell %. European markets dropped last week due to geopolitical concerns. The CAC 40 declined 1.2%, dragged down by financial and utilities sectors, while the DAX fell 0.9%. Meanwhile, the FTSE 100 slipped 0.3%, led by banking stocks. Most stock markets in the GCC region fell over the previous week. Abu Dhabi declined 2.1%, dragged down by financial and real estate shares, while Dubai dropped 1.6%. Oman and Kuwait dipped 0.7% and 0.3%, respectively. However, Bahrain rose 0.2%, whereas Qatar ended on a flat note. Most Asian markets declined last week, tracking negative cues from the western countries. The Nikkei 225 and the Shanghai Composite Index dropped 1.8% and 1.2%, respectively, while the KOSPI fell 0.8%. However, the Hang Seng Index ended on a flat note. Brent crude rose 1.3% on Monday, owing to the recent disruption in Libya s largest oil field coupled with the geopolitical concerns in Syria. Key crude contracts Brent and WTI ended at US$ 55.98 (+1.3%) and US$ 58 (+1.6%), respectively. Saudi commentary Tadawul All Share Index (TASI) lost 22.21 points or 0.31 % to close at 7,076.92. Thirteen of the twenty sector indices closed lower. The advance decline ratio was 43/123. Trading turnover was around SAR 3.3bn. Saudi Arabia s STC ranked most valuable brand in Middle East: Saudi Telecom Company (STC), the largest telecom operator in Saudi Arabia, has been ranked the most valuable brand in the Middle East, according to UK-based consultancy Brand Finance. (Argaam) Sipchem says operations at IDC back to normal: Saudi International Petrochemical Co. (Sipchem) resumed operations on Tuesday at its subsidiary International Diol Company (IDC) following a technical glitch, the company said.(argaam) Taiba Holding approves 4% dividend for Q4 2016: Taiba Holding Co. s general assembly has approved a 4 percent cash dividend (SAR 0.4 per share) for Q4 2016, bringing the total dividend issued for the full year to SAR 1.6 per share. (Argaam) Alhokair opens 1st Lefties in Nakheel Mall Riyadh: Alhokair Fashion Retail announced on Saturday that it has launched the first Lefties flagship store, the accessible price international fashion brand, in Saudi Arabia at Nakheel Mall Riyadh. (Mubasher) Interest Rates 1M 3M 12M 3M Chg 1Y LIBOR (USD) 0.99 1.16 1.77 0.53 SAIBOR 1.30 1.73 2.21-0.15 EIBOR 8 1.47 2.20 0.44 Data Sources: Bloomberg Updated as of 16/Apr/2017 9:09 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
Energy Health Care Equipment & Svc Consumer Services Transport Food & Staples Retailing Diversified Financials Commercial & Professional Svc Pharma Consumer Durables & Apparel Media TASI Large Cap (>10% Index weight) Sectors Performance TASI Top Gainers / Losers 4.5 3.5 2.5 1.5 0.5-0.5 - TASI Materials Banks Real Estate Telecom -0.5 - -1.5-2.5 - -3.5 - -4.5 Company Last Price Chg % Vol (mn) Value Trd (SAR mn) Amana Coop Ins 19.94 6.4 75 40.34 Axa Cooperative 22.31 4.904 109.12 Al Mouw asat 151.93 3.4 86 12 Saudi Kayan 8.53 2.8 17.085 144.99 Safco 70.74 0.490 34.46 Company Last Price Chg % Vol (mn) Value Trd (SAR mn) Al-Ahlia Coop Ins 13.9-4.289 61.78 Etihad Atheeb 9.5-3.8 0.759 7.22 Arabia 13.4-2.9 1.196 16.35 Jarir Mktg 127.9-2.8 76 9.79 #N/A 20.5-2.4 0.481 14 TASI Mid Cap (5-10% index weight) Sectors Performance TASI Top Index Movers / Losers (Heavy weight stocks) 8.0 Company Last Price Chg % Index Imp Value Trd (SAR mn) Safco 70.74 2.3 0.49 Saudi Kayan 8.53 2.8 2.2 17.08 Al Mouw asat 151.93 3.4 1.1 9 Sipchem 19.28 1.7 1.91 Maaden 41.88 0.5 0.8 0.38 - - - - Food & Beverages Capital Goods Utilities Retailing - Company Last Price Chg % Index Imp Value Trd (SAR mn) NCB 38.23-2.3-6.4 107.88 Banq Saudi Fr 26-3.5 14.28 Jarir Mktg 127.90-2.8-3.1 9.79 Makkah Const 116.74-2.2-2.8 4.36 Mobily 22.75-2.2-2.2 51.98 TASI Small Cap (<5% index weight) Sectors Performance 5 1 4 3 2 1 0-1 -2-3 - -1-1 -2 TASI Volume Leaders Company Last Price Chg % Vol (mn) Value Trd (SAR mn) Zain Saudi 10-0.5 28.361 290.93 Alinma Bk 14.66-0.3 20.714 304.35 Saudi Kayan 8.53 2.8 17.085 144.99 Dar Al Arkan 5.95-0.3 6.245 37.20 Petro Rabigh 13.55 0.2 4.997 68.10 Axa Cooperative 22.31 4.904 109.12 Al-Ahlia Coop Ins 13.87-4.289 61.78 Sabic 99.83 3.392 339.52 NCB 38.23-2.3 2.803 107.88 Mobily 22.75-2.2 2.268 51.98 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 Almarai 73.90 70 0.1% 8.811 Sisco 11 15 0.3% 227 Al Othaim 108.82 110 % 9.247 Company Last Price 52Wk Low % Diff Value Trd (SAR mn) Tihama 21 43.30-49.2% 13.651 Sanad Coop Ins 15.23 15.23 % 00 Weqaya For Takaf 19.39 19.39 % 00 Qassim Cement 49.85 48.00 3.9% 1.870 Kingdom Hold 10.55 9.90 6.6% 0.727 Disclosures Please refer to the important disclosures at the back of this report. 2
2-Apr DSM Bank Telecom Consumer Transport Real Estate 1 ADSM Real Estate Energy Telecome Banks Fin.Services Industrial Services Consumer 1 DFM Bank Reality Investment Transport Telcom Services 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 2016 2017E Current 12M (%) Saudi Arabia 7,077-0.3 1.1-1.9 443 152 870 17.3 14.8 12.7 1.6 3.2 Qatar 10,451-0.4 0.6 0.1 133 3.9 35 15.5 13.1 11.6 1.5 3.5 Dubai 3,507-0.1 0.8-0.7 82 149 52 1 10.4 9.2 1.3 3.9 Abu Dhabi 4,519 1.7-0.6 119 52 29 17.8 1 10.6 1.3 4.4 Kuw ait 7,008-0.3 21.9 94 383 113 22.3 NA NA 1.3 3.4 Oman 5,570 0.4-3.7 17 7 3 11.9 10.2 9.3 1.1 5.3 Bahrain 1,356-0.1 11.1 22 2.6 1 8.9 NA NA 0.8 5.8 Dubai Activity Trend (Last 10 Days) Dubai Sector Performances Dubai Top Gainers / Losers 0.8 0.4 Turnover (LHS, AED bn) DFMGI Index (RHS) 3,580 3,560 3,540 3,520 3,500 3,480 3,460 - Emaar Prop 7.29 0.6 0.12 Dubai Invest 2.53 0.4 0.28 Deyaar Devt 0.56 0.2 0.40 - - - Dubai Islamic Ins 0.84-2.2 2 Arabtec 0.89-1.5 1.89 DFM 1.21-0.8 0.51 Union Properties 0.45-0.8 1 Emaar Malls 2.60-0.8 0.18 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 4,500 4,000 1 1 1 8.0 - - 2 Dana Gas 0.46 2.2 0.959 1 Gulf Medical Pro 0 25 1 - -1-1 Intl Fish Farming 1.73-0.6 32 Qatar Activity Trend (Last 10 Days) Qatar Sector Performances Qatar Top Gainers / Losers 0.6 0.3 Turnover (LHS, QAR bn) DSM Index (RHS) 10,800 10,400 10,000 8.0 7.0-1 - -1-1 Medicare Group 101.50 3.5 0.177 Qatary investors 61.30 0.8 63 Ezdan Hold 15.79 0.6 0.381 CBQ 30 0.5 56 Vodafone Qatar 9.44 0.1 1.747 Mas Al Rayan 42.50-1.2 0.105 Aamal Co 14.41-1.1 26 QIsB 101.80-11 Gulf Intl Servcs 27.75-0.9 64 Qatar 70.60-0.8 19 Disclosures Please refer to the important disclosures at the back of this report. 3
1 KSE Technology Investment Industrial Real estate Bank Fin. Services Parallel Services Telecom Consumer Basic material Oil&Gas Healthcare Thousands Kuwait Activity Trend (Last 10 Days) Kuwait Sector Performances Kuwait Top Gainers / Losers 45 40 35 30 25 20 15 10 5 0 Turnover (LHS, KWD mn) KWSEIDX Index (RHS) 7,080 7,060 7,040 7,020 7,000 6,980 6,960 - - 3 Real Estate Trad 54 8.0 0.202 3 GFH 196 2.1 3.600 Tameer Real Estate 52 1.380 2 Al Salam Group Hldg 54 1.9 29 2 KFH 540 1.9 35 1 1 Kuw ait Remal RE 78-4.9 5.338 Aayan Leasing 50-3.9 2.196 #N/A 150-3.9 20 Noor Financial Inv 53-3.6 0.125 Kuw ait Portland Cem 960-02 Disclosures Please refer to the important disclosures at the back of this report. 4
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