6-Dec 7-Dec 8-Dec 11-Dec 12-Dec 13-Dec 14-Dec 15-Dec 18-Dec 19-Dec 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 20 December 2016 TASI Index 7,076.9-0.85% Turnover (SAR mn) 4,987.3 6% TASI Intra Day Movement Global commentary Research Department research@alrajhi-capital.com Tel:+966 11 211 9370 7,160 7,140 7,120 7,100 7,080 7,060 7,040 7,020 Intraday TASI Activity Trend (Last 10 Days) 10-8 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) 7,077-0.9-0.2 2.4 Qatar (DSM) 10,272 Kuw ait (KSE) 5,657 0.1-0.2 0.7 Abu Dhabi (ADSM) 4,479-0.4 0.4 4.0 Dubai (DFM) 3,532-0.6-0.6 12.1 Oman (MSM30) 5,729 6.0 Bahrain (BSE) 1,189-2.2 MSCI GCC 470-0.2-0.2 3.7 Major Commodities / Currencies Close 1D % WTD % YTD % Gold Spot $/Oz 1,136-0.2 0.1 7.0 Silver Spot $/Oz 16.00 0.2-0.6 15.4 Crude Oil (Brent) 54.90-0.6 20.6 OPEC Basket 51.29 0.7 0.7 64.0 Euro 4-0.4 - -4.3 USD Index 103.19 0.2 4.6 JPY 117.550-0.7 0.3 2.3 Major Global Indices Close 1D % WTD % YTD % DJ Industrial 19,883 0.2 0.2 14.1 S&P 500 2,263 0.2 0.2 10.7 Nikkei 225 19,477 0.4 0.4 2.3 Hang seng 21,769-0.3-1.1-0.7 FTSE 100 7,017 0.1 0.1 12.4 CAC 40 4,823-0.2-0.2 4.0 MSCI World 1,759 0.2 0.2 5.8 MSCI EM 851-0.6-0.6 7.2 US stock markets advanced on Monday, backed by the Fed Chairwoman s statement regarding a strong US labor market. The Nasdaq Composite Index rose 0.4%, while the S&P 500 gained 0.2%, backed by telecom and real estate sectors. Further, the Dow Jones, too, added 0.2%. European markets rose on Monday. The DAX advanced 0.2%, owing to stronger-than-expected business climate index data, while the FTSE 100 edged up 0.1%, as the weak pound helped the exportoriented stocks. However, the CAC 40 dropped 0.2%, led by basic materials, energy and financial sectors. GCC markets ended the session on a mixed note yesterday. Qatar rose %, as the Qatari government expects a lower budget deficit this year, while Kuwait edged up 0.1%. However, Dubai fell 0.6%, led by Emaar Properties, while Abu Dhabi lost 0.4%. Meanwhile, Oman ended on a flat note, while Bahrain was closed on account of a holiday. Asian markets are trading on a mixed note this morning. The Shanghai Composite Index and the Hang Seng Index are down % and 0.3%, respectively as the rise in the US dollar has led to capital outflow from the country, whereas the KOSPI is up 0.2%. Further, the Nikkei 225 is trading up 0.1%, as the BoJ kept its monetary policy steady and provided a positive view of the Japanese economy. Brent crude declined % on Monday, as the markets remained undecided whether the US production will overshadow the planned OPEC and non-opec output cuts. Key crude contracts Brent and WTI ended at US$ 54.92 (-%) and US$ 52.12 (+0.4%), respectively. Saudi commentary Tadawul All Share Index (TASI) lost 60.74 points or 0.85% to close at 7,076.88.Fourteen of the fifteen sector indices closed lower. The advance decline ratio was 25/138. Trading turnover was around SAR 5bn. KSA inflation falls to 2.3% in November: The inflation rate of Saudi Arabia declined to 2.3% in November as compared to 2.6% in October; the lowest inflation rate since the beginning of 2016, according to latest data issued by the General Authority for Statistics. (Mubasher) Japanese team said to visit Saudi Arabia to discuss Aramco listing: A delegation from the Tokyo Stock Exchange plans to visit Saudi Arabia to discuss the possible listing of Saudi Aramco shares on the exchange after the oil company s initial public offering (IPO), Japan Broadcasting Corporation (NHK) said citing unnamed sources. (Argaam) STC Ventures Fund owns 7% indirect stake in Careem: CEO: STC Ventures Fund owns 7 percent indirect stake in the ridehailing app Careem, CEO Khalid Biyari told Al-Arabiya television. (Argaam) Interest Rates 1M 3M 12M 3M Chg 1Y LIBOR (USD) 0.74 0 1.69 0.46 SAIBOR 1.82 4 2.44 0.67 EIBOR 0.83 1.35 2.20 0.36 Data Sources: Bloomberg Updated as of 20/Dec/2016 8:01 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 1.5 - - - -2.5-3.0 TASI Petrochem Banks Telecom 2 2 1 1 - Company Last Price Chg % Vol (mn) Value Trd (SAR mn) Abd A.M. Al Khodari 13.42 8.8 7.859 103.49 Saudi Cable Co 6.21 2.8 8.563 54.41 Zamil Indl Invest 28.71 2.3 0.968 27.79 Sipchem 16.70 1.8 1.618 26.99 Alandalus 19.40 1.6 0.659 12.82 Company Last Price Chg % Vol (mn) Value Trd (SAR mn) Anaam Intl Hldg 16.3-4.3 0.655 10 Sabic 91.5-3.9 7.261 675.14 MEPCO 16.3-3.7 1.628 27.16 Yansab 50.4-3.5 0.219 11.20 ANB Ins 23.9-3.4 25 12.85 TASI Mid Cap (5-10% index weight) Sectors Performance TASI Top Index Movers / Losers (Heavy weight stocks) - - 2 2 1 1 Real Estate Agri - -1-1 Company Last Price Chg % Index Imp Value Trd (SAR mn) Al Rajhi Bk 63.27 0.3 2.2 2 Saudi Elec 20.70 1.1 1.7 4.38 Sipchem 16.70 1.8 1.62 Sabb 24.95 0.8 0.17 Riyad Bank 11.29 0.4 0.8 0.75 Company Last Price Chg % Index Imp Value Trd (SAR mn) Sabic 91.50-3.9-23.7 675.14 NCB 41.54-1.7-5.1 16.40 Yansab 50.40-3.5-3.8 11.20 Maaden 37.92-2.1-3.3 55.65 Saudi Kayan 8.71-2.8-2.5 101 TASI Small Cap (<5% index weight) Sectors Performance TASI Volume Leaders 10 8 6 4 2 0-2 -4 4 3 2 1-1 -2-3 -4-5 -6 Company Last Price Chg % Vol (mn) Value Trd (SAR mn) Dar Al Arkan 5.83-2.8 60.186 355.81 Alinma Bk 14.66-0.1 23.800 359 Saudi Kayan 8.71-2.8 11.283 101 Saudi Cable Co 6.21 2.8 8.563 54.41 Abd A.M. Al Khodari 13.42 8.8 7.859 103.49 Sabic 91.50-3.9 7.261 675.14 Nama Chemicals 6.63-0.9 6.929 47.55 ME Spec Cables 7.76-2.9 4.802 38.65 Saudi Elec 20.70 1.1 4.378 90.90 Med & Gulf Ins 25.57-0.7 4.221 111.24 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 STC 72.60 73.00 0.6% 54.358 Al Mouw asat 152 150 0.7% 7.820 Almarai 67.50 68.00 0.7% 28.513 Company Last Price 52Wk Low % Diff Value Trd (SAR mn) Al-Ahlia Coop Ins 5.93 7.70-23.0% 11.845 Sanad Coop Ins 15.23 15.23 % 00 Weqaya For Takaf 19.39 19.39 % 00 Etihad Atheeb 3.00 2.80 7.1% 1.603 Malath 8.22 7.10 15.8% 10.482 Disclosures Please refer to the important disclosures at the back of this report. 2
24-Oct 25-Oct 26-Oct 27-Oct 30-Oct 31-Oct 1-Nov 2-Nov 3-Nov 6-Nov KSE Technology Investment Industrial Real estate Bank Fin. Parallel Telecom Consumer Basic material Oil&Gas Healthcare Thousands 5-Dec 6-Dec 7-Dec 8-Dec 12-Dec 13-Dec 14-Dec 15-Dec 18-Dec 19-Dec ADSM Real Estate Energy Telecome Banks Fin. Industrial Consumer 5-Dec 6-Dec 7-Dec 8-Dec 12-Dec 13-Dec 14-Dec 15-Dec 18-Dec 19-Dec 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 7,077-0.9 1.1 2.4 440 256 1,329 16.8 15.1 13.9 1.6 3.3 Qatar 10,272 4.9 130 5.1 47 14.9 13.6-4.0 1.6 3.9 Dubai 3,532-0.6 5.1 12.1 83 180 66 11.5 11.6 1.3 3.9 Abu Dhabi 4,479-0.4 4.0 4.0 119 62 41 11.5 11.9 6.3 1.4 5.5 Kuw ait 5,657 0.1 1.8 0.7 85 143 47 18.7 NA 8.5 4.3 Oman 5,729 4.4 6.0 17 10 6 10.8 9.3-8.2 1.1 5.1 Bahrain 1,189 1.2-2.2 19 1.8 1 9.7 NA NA 0.4 4.7 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) 3,700 3,650 3,600 3,550 3,500 3,450 3,400 3,350 3,300 3,250 1-3 Takaful Emarat Ins 2.58 6.6 0.32 3 Dubai Islamic Ins 6 5.9 2.97 Takaful House 0.91 1.8 2.67 2 Damac Properties 2.40 0.8 4.00 2 Ajman Bank 1.33 0.8 0.75 1 1 - Shuaa Capital 1.50-5.1 2.28 Amanat Holdings 0.93-2.8 22.55 Marka 1.39-2.8 1.74 Air Arabia 0.45 3.47 Arabtec 1.32 11.10 Abu Dhabi Activity Trend (Last 10 Days) Abu Dhabi Sector Performances Abu Dhabi Top Gainers / Losers Turnover (LHS, AED bn) ADSMI Index (RHS) 1 5,000 1 8.0 6.0 4,500 4.0 4,000 - -4.0 Green Crescent Ins 0.63 14.6 62 Sharjah Cement 8 13.7 04 Abu Dhabi Ship 2.83 8.4 22 Bank Of Sharjah 1.35 3.9 0.153 Abu Dhabi Nat Co 0.62 3.3 0.156 2 2 1 1 - -1-1 -2 Emirates Ins 5.20-9.6 25 Arkan Building Mat 0.83-5.7 10 Finance House 1.73-3.9 19 Agthia Group 6.80-2.9 0.418 RAK Ceramics 2.35-2.1 85 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 3.0 2.5 1.5 - - 2 GFH 116 9.4 2.431 2 Hets telecom 39.5 6.8 3.600 City finance 44.5 6.0 1.380 1 Human Soft 1780 6.0 55 1 Al Salam Group Hldg 45.5 5.8 11.872 - -1-1 -2 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 Disclosures Please refer to the important disclosures at the back of this report. 3
24-Oct 25-Oct 26-Oct 27-Oct 30-Oct 31-Oct 1-Nov 2-Nov 3-Nov 6-Nov BSE Banks Hotel & Tourism Industries 24-Oct 25-Oct 26-Oct 27-Oct 30-Oct 31-Oct 1-Nov 2-Nov 3-Nov 6-Nov 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 1 8.0 6.0 4.0 - 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 8.0 7.0 6.0 4.0 3.0 - 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 - - - - -4.0-6.0-8.0-1 -1-14.0-16.0-18.0 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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