Phone No:(965) 2295-1270 [email protected] ResearchHead of Faisal Hasan,CFA ______Phone No:(965) 2295-1285 [email protected] President Vice Assistant Rasha Al-Huneidi ______Update as of January 20, 2011

Market Commentary market cap.Thescripgotlisted Company’s

* Fundsareexcludedfromthefiguresabove Market ValueTraded(KWD) Market VolumeTraded(shares) No. ofTransactions Market Capitalization(KWD) - /21/21/21/21/21/ 711/ 9120/1 19/1 18/1 17/1 16/1 13/12 12/12 11/12 10/12 9/12 Volume Traded Volume Global

Total market capitalization reached reached capitalization market Total atWe hsWe %Change ThisWeek LastWeek General Index Index General

41 advancing, out of 155 shares traded this week. week. out of155sharestradedthis advancing, 41 of itslastweeks’losse Global General Index on Tuesday, January 18 with January18 onTuesday, before). Trading volume washi Tradingvolume before). stillnoencouragingresultsare i banks are among thefirst i banksareamong wn this week as investors .KW> market value, whichaddedKWD15mntotheoverall marketvalue, .KW> W> was the most traded share in the sector, with 50.44mn with 50.44mn sector, the in tradedshare the most was W> 636281036,394,109,0740.21 36,316,218,160 % ,0,2,0 748,160,000-53.60 1,301,225,000 % Global

222 222 223 223 224 224 225 225 226 1,7,8 128,416,320-41.59 219,870,980 % es Company KWD128.42mn (representing a KWD128.42mn (representing decrease of 41.59 s and ended the week up by 0.27 percent at 223.90 at 223.90 by0.27percent theweek up s andended Global 10) Large (Top Cap Global Industrial Index Global Real Index Estate Global Banking Index Global Islamic Index Global Small 10) (Low Cap Global Index Non-Kuwaiti Global Kuwait Only Index Global Services Index Global Insurance Index Global Index Investment Global General Index General Global Global High Yield Index Global Index Food ers list with anincreaseof13.51 percent. ers list

a market weighted index, the Kuwaiti bourse bourse index,theKuwaiti a market weighted 14312,222-43.11 % 21,483 wn by 0.58 percent(40. wn breadth skewed towards decliners, with 79 79 with decliners, towards skewed breadth WeeklyMarketReport-Kuwai es traded) of the total market volume.Al- traded)ofthetotalmarket es Sector KWD36.39bn including the newly listed listed the newly including KWD36.39bn Global IndexGlobal KSE of Performance an open price of KWD0.140 and KWD0.140 and of an openprice ▲ ▼ ▼ ▲ ▼ ▲ ▲ ▼ ▼ ▼ ▼ ▼ ▲ ▲ announced tospur gh on the Investment Sector, Sector, ontheInvestment gh nrdd61 96 79 41 Total 216 Untraded Unchanged Decliners Advancers ,6.85706 06%03%0.30% 0.30% -0.61% 5,700.61 5,665.88 -3.83% -3.83% -1.11% 1,065.63 1,053.75 We ek ek We 7.4659 .9 .4 7.04% 7.04% -4.25% 1.79% -4.25% 0.69% 665.92 -1.43% 0.69% 199.18 677.84 0.29% 0.79% 196.34 0.29% 234.93 -0.16% 0.34% -0.16% 236.80 2.00% 234.97 -0.07% 389.62 -0.07% 235.76 -0.08% 397.39 1.58% 219.57 3.66% 1.58% 219.39 3.66% -0.94% 1.84% 112.74 368.47 111.68 223.30 375.24 223.90 Close 44 49 08%-.2 -1.92% -1.92% -0.88% 54.96 54.48 -3.38% -3.38% -0.65% -0.91% -0.65% -2.59% 55.26 47.71 54.76 46.47 Market Breadth Week pnChg % Open 10 points) and closed and points) 10 with 63.36mn shares with 63.36mn .7 .6 0.16% 0.16% 0.27% investorsto Month TD% TD% Year

1

t Update as of January 20, 2011

Other LocalNews News Oil Related scripts ended the week up by 2.82pe scripts endedtheweekup andboth shares, ontheir traded andKWD12.40mn KWD16.19mn witnessed House KuwaitFinance and Kuwait of Bank list.National value the topped of theoverallmarket (KWD50.85mn) 39.60 percent Sectortookover Banking side, the On thevalue Second Annual Development Plan has AffairsSheikh Housing ofState and Minister Affairs, Deputy Prime MinisterforEconomic The PresidentoftheKuwait satisfied level. price with thepresent countrieswere member asseveral production to not increase intentions hasannounced (OPEC) Countries Exporting Petroleum of organization The economy. world withtheflourishing year tocoincide this demand forworld estimations (IEA) Agency arise oil pricesfollowed week onWednesdayJanuary12. its yearhi USD0.62 from by down January19, barrel (pb)onWednesday, reachedUSD92.41per crudeoil Price ofKuwaiti value. Shar otherside,GlobalIslamic value. Onthe gains, adding0.79 percent whileGlobalSmall mixed.Global indiceswere Global’s special percent. downby0.94 index wasalso and 2. percent percent, 2.11 of 1.37 recorded loss Company(Wataniya) Telecommunications Mobile National Zain, thesector. of thedullperformance stock caused sharepr the Thedropin gains. higher achieving indexfrom the curbed index sector services the in percent of1.11 drop side, the other On the percent. except losses recorded week asallothersectors in banking sector the in increase percent The 1.84 Thursday. on Rotterdam of city Dutch inthe (KPE) Europoort Petroleum Kuwait at Recovery Unit anadditionalSulphur and gasgatheringfacilities generation complex, new steam corporation’s foothold on the global market. market. on the foothold global corporation’s expans for chapterinthestrategy anew opened of 2011 beginning the in has Sector Marketing International KPC’s statement. KPC to according co thetwo with signed agreements follows move exported thefirstconsignments intereststhroughout country’s hydrocarbon (KPC),the Corporation Kuwait Petroleum years, Salmeen added. years, Salmeen many for newinstallations the of realization inthe involved been has Rotterdam in refinery tocontinue the company enable measures will will also prevent unnecessary flaring and ensure and unnecessaryflaring prevent will also It emissionsby25percent. Oxides (NOx) 50percentandNitrogen dioxide (SO2)emissionsby Salmeen said.Hea Wael Director, Managing KPE invested USD100mn tocommissionthe KPEinvested

(Source: KUNA&Al-WatanDaily) in the International Energy in theInternational gh levelrecordedlast Petroleum International(KPI) of diesel oil and aircraft fuel to Egypt andEthiopia ofdieseloilandaircraftfuelto (Source: KUNA) respectively. and3.28percent, rcent The increase of of increase The been put forward for execution. forward for been put and Agility all all andAgility (Source: KUNA & Al-Watan Daily) &Al-Watan (Source: KUNA Large Cap (Top 10) index managed to eke some toekesome managed Cap(Top10)index Large ia Index succeeded in adding 1.79 percent to its succeededinadding1.79percent ia Index meeting the highest emission standards. Kuwait emission standards.Kuwait thehighest meeting dded that the investment willreduceSulphur the investment dded that Cap (Low 10) Index lost 0.61 percent from its percent fromits lost0.61 10)Index (Low Cap and saw the most value traded, accounting for for accounting traded, most value andsawthe dex makes it the main mover of themarketthis of mover main itthe dex makes 04 percent, respectively. The investment sector sector The investment respectively. percent, 04 more stable business Global untries to provide them with oil by-products, by-products, oil with them provide to untries the world, announced this week that it week that world, announcedthis the Ahmad Al-Fahad Al-S Al-Fahad Ahmad ices of the three large capitalization services services capitalization of thethreelarge ices ion and excellence aiming to strengthen the strengthen to aiming andexcellence ion Minister of State for Development Affairs State Minister of for the food sector with its index adding2 itsindex with sector the food for state-owned entity responsible for the for the responsible state-owned entity

traded value. The biggest two Kuwaiti banks Kuwaiti two value.Thebiggest traded eodHg uy0 136 93.03 July-08 Jan 10 12, Price 10 Jan 18, Jan 19, 10 High 10 Record 17, Jan 11 14, Jan Year High Date Wednesday 01 Jan 13, Tuesday Monday Friday Thursday Day KuwaitExport Crude Price Oil (US$/b) WeeklyMarketReport-Kuwai three unites in the refinery,Deputy in three unites Hussain Esmaielwillopena Hussain operations. These new new These operations. abah saidthat the

He said the plan . The 92.41 92.29 92.16 92.36 92.61

2

t Update as of January 20, 2011 •

• •

Global’s

http://www.globalinv.net/rese link below: the through beviewed Full reportcan the report includes: includes: the report 16 –Oman On January the two oilfields (Luz completion ofthetransaction, Kuwait interest inthe twooilfieldsthrough its36.56 percen transaction inDecember2009.Prior On January19–SaudiArabia Company Port. personnel,anotherwell asas for the constructioncontrola new of towerbuilding at Shuaiba esta to tender a submit to plans a totalprojec phases, at be carriedoutintwo allow largershipstoberththere. order to greater depthin navigation channel itsships toexpand Port country’s ports,st upgradingthe aimed at itis settolaunchseveralprojects that (KPA)announced Authority The KuwaitPorts http://www.globalinv.net/research link below: the through beviewed Full reportcan report. Highlights of the report includes: includes: the report of report. Highlights On January16–GCC the during region wehavecomeout Investment of Global In continuation http://www.globalinv.net/rese link below: the through beviewed Full reportcan own two Russian oil fields, from from oil fields, Russian two own Pech has completedtheacquisitionof oi anindependent Company, Kuwait Energy projects. orannual medium term long, the either for fact andsustained obvious an become has but chaos political ongoing of the developmen the that Future”, Kuwait’s of Gat The attheopenin saidinhisspeech Sheikh Ahmad 50percent morethan meansthat which shortly, development plan, 250projects development the of sixmonths the first thatduring revealed He toParliament. and then Finance Ministry of Councilfor to theSupreme will besubmitted

------

(Source: Al-Qabas & Kuwait Times) &Kuwait Al-Qabas (Source: Muscat SecuritiesMarketre Vision 2020aimstoshiftcrudeoilcont Oman 2011 Budget expects revenues to revenues Oman 2011Budgetexpects Oman economyisexpectedtoin Qatar led regional markets with Qatar ledregionalmarkets Market Cap.forGCCequitiesincrease A total of 12 IPOs took placein2010raisingUSD2.03bn. A totalof12IPOs Global GCC Large Cap. 30 Indexrepo Large Cap.30 Global GCC Trading activity across the GCC Trading activityacrossthe

RecentPublications

<2280.SE>. skoye and Chikshina). skoye and –We have come out with the “ outwith come –We have –We have come with “ come with –We have arch/Oman-Economic-2011.pdf arch/Almarai-Update-012011.pdf blish a building offering accommodation to sailors and other ship ship other and sailors to accommodation building offering a blish – outwith a We have come (Source: Agencies & Kuwait Times) &Kuwait Agencies (Source: corded a 6.1% gainin2010. corded a6.1% Concorde OilandGasLimited. were approvedandanother250 Energy has a100percentworkinginte

/GCC-Markets-Performance-2010.pdf to the transaction, Kuwait Energy had a36.56 percent working a 24.8 percent gain in 2010. percent gainin2010. a24.8

in 2010lowestsevenyears. crease 4.7% each in 2010 and2011. 4.7% eachin crease week with the following reports: following reports: withthe week (Source: Al-Watan Daily) (Source: Al-Watan ora Energy CompanyLLCandOJSCVIK, ora Energy House coverageontheMENA House d 11.5 percentto d 11.5 rted a 15.8 percent increase in 2010. rted a15.8percentincreasein ribution to below 10% of the GDP. ribution tobelow10%ofthe ted costs of KD467,700. The KPA also reportedly KPA The of KD467,700. ted costs grow by14%toreachUSD18.9bn. g of a forum, dubbed, “Development Projects … … Projects dubbed,“Development a forum, g of t ownershipofConcordeOil&GasLimited. Withthe arting with two major programs atAbdulla programs major with two arting l and gas exploration firm, said Monday it gas explorationfirm,saidMonday l and of the plan was executed during the first year. thefirstyear. during executed of theplanwas Global and excavate its existing basin to provide and excavateitsexistingbasintoprovide Planning for approval and forwarded tothe approval andforwarded for Planning Oman Economic Overview t and its projects is no longer frozen in light light in frozen is nolonger its projects and t

WeeklyMarketReport-Kuwai GCC Market Performance-2010 GCC Market Result Update reach USD750.2bn. These two programs of work will will programsofwork two These

Kuwait Energy entered intothis projects will be approved approved will be projects rest aswell asoperatorship of

report on ”. Highlights of ”. Highlights AlMarai AlMarai which

3 ”

t Update as of January 20, 2011

Newly ListedinKuwaitStockExchange • Kuwait StockExchange

Appeal inKuwait. plan pr the restructuring enhancements to on potential ideas andto presentfresh investments Company’s business and onthe status discussthelatest to inDubai investors banks and met withits Committee Coordinating withitsreconstituted together Dar(TID) The Investment contract amounts to KWD14.47mn. Company) Oil Kuwait the for Kuwait at West 171 BS Station Booster Civil subcontract the complete a contractto GulfDredginga wholly-owned subsidiary, andShipbuildi Industries Heavy Engineering inZain. stake controlling the tobuy efforts Etisalat's to "sabotage" attempt an it bid,calling competing the notsupport would conglomerate the that noted Kharafi unexpected bidbyTurkey'sCukurovaHolding attemp by hurdlesincludingalawsuit been dogged has deal The offer. the to tender to shares Zain gather to firm parent of its behalf on working to thefamilyconglomerate September share last relevant information.Etisalat to access providing in Zain delays" due to"unforeseen thedeadline by thedeal finalizing toward progress sufficient made not had it Sunday on said Etisalat said. Group, Kharafi shareholder of Zain chairman Nasser AlKharafi, support, have full yet butdoesnot shareholders on thedeal itsduediligence deadline tocomplete majorshareholderofZain newspaper said,citinga Zain telcom, Kuwaiti buyin stake proposed The deadlineforUAEtelecomEtisalatannounced House Global Investment is Remal Real Estate Companywhichgotlistedon making Sector January 18,undertheServices HoldingCompanygotli Zima announcement) announcement) under th number oflistedcompanies in September2010reachedKD0.29mn(2.91filsper 31, 2008.Th in December recorded intheyearending toane compared pershare) (7.8fils KD0.78mn in forthefinancialyearended performance On January20–Qatar http://www.globalinv.net/re link below: the through beviewed Full reportcan Bank .

a Kuwaiti shareholding company with a total paid-up capital of KD10mn. The Company’s The Company’s KD10mn. of capital paid-up atotal with company shareholding a Kuwaiti The intention is that the prospective enhancements discussed in the meeting meeting discussedin the enhancements prospective the isthat intention The – We have come out with a

search/QNB-Update-012011.pdf made an offer to buy a 46 percent stake of Zain for KWD1.700 a percentstakeofZainforKWD1.700 made anoffertobuya46 sted on Kuwait Stock Exch Stock Kuwait on sted (Source: KSEWebsite) e regular market will become 216. become216. marketwill e regular Global was named “Kuwait Asset Manager of the Year” Year” the of Asset Manager “Kuwait named was Global (Source: Global Investment House) GlobalInvestment (Source: nd General Contracting Company enteredinto ContractingCompany nd General works on a project (Construction workofthe on aproject(Construction works is set for the end ofJanuary,a is setfortheend December 31, 2009 resulted in net profit of of 31,2009resultedinnetprofit December

esently with the Special Circuit Court of of Court Special Circuit esently with the k record, especially our performance recorded recorded performance our especially record, k ng Company reported thatits reported ng Company to buy29.9percentofZainforUSD7.89bn. Global Kharafi Group. A unit of Kharafi Group.A it the second listing this year afterKuwait year secondlistingthis it the t profit of KD0.96mn (32.55fils pershare) (32.55fils t profitofKD0.96mn L.AD> to complete due diligence foritsL.AD> tocompleteduediligence the first trading weekoftheyear.Zima thefirsttrading ting to block the stake sale as well as an , is close to reaching an agreement with anagreementwith is closetoreaching , Result Update e netprofit of the first ninemonthsending share). With the listing of Zima, the total Zima, the listingof share). With that it has receivedtwoawardsfrom thatithas . Etisalat, which missed a January 15 15 aJanuary missed which . Etisalat, WeeklyMarketReport-Kuwai

(Source: Reuters &Al-Watan) Reuters (Source: ange (KSE)onTuesday, report on report

(Source: The company’s media media (Source: Thecompany’s the conglomerate is is the conglomerate . The 24 months 24months The . Qatar National

4

t Update as of January 20, 2011

(Source: Al-WatanDaily) 18. on January investors and banks Kuwaiti for meeting a held Committee and Coordinating Company The shareholders. Company’s the and banks the both of benefit the to be would plan enhanced an of quickimplementation the that meeting the attended who investors and banks the and th schedule.TID payment anagreed meeting time sufficient allowing by exposure their on banks for returns overall improve and court the of approval the encourage ratios, (CBK) Kuwait of Bank Central announced recently the with comply allstakeholders, of interests the should align of KWD113,863. a grossvalue forthecareofornament Water (MEW) Electricity & owned subsidiarywasawarded 100 percent segments; heavymaterialsandoverseaslaborforce. basic two isdividedinto AGP manufacturing. unit andconstruction steel in position pioneering an engineering oldest andmostexperienced the PHP1.75bn (USD39.7mn). the Philip 98.2percentof investors, acquired (KCIC) Company Kuwaiti ChinaInvestment Company (KOC)atatotalvalueofKWD haswo National CleaningCompany(NCC) on January21,2011. expiry date maximum ofitsissued percent Company Burgan Bank hasre (CBK) The CentralBankofKuwait on January25,2011. expiry date maximum ofitsissued percent Finance &InvestmentCompany Madina for (CBK)hasrenewe Central BankofKuwait (Source: KSE Website) Seram Island, Indonesia. its for abuyer find to Indonesia Consulting GNV hasdesignated (PetroGulf) Company Investment Petroleum Gulf Care Company shares. Care Company 19.36mn a totalof January 20,2011,tosell tobeheldonThursday, anauction Exchange(KSE)announcesthat Kuwait Stock (Seller) and Athman Investment (Initial Buyer). Buyer). (Initial Investment andAthman (Seller) Company Estate Real Mazoon Al between wasconcluded agreement 6.78mn.An KWD totaling

( added. he Iraq, and Iran like countries eyeing region, the in operations their expand to hope development plan.Thanks tothe geographic lo Kuwaiti the in part take and Kuwait from others with partnerships trade establish to Finland from of companies intention the upon touched talks also that said Al-Haroun Vayrynen, theFinnishMinister Union. Aftermeeting andtheEuropean council Cooperation Gulf the between agreement aneconomic of way trad and economic week the during counterpart Ahma andIndustry Minister ofCommerce oftheweek Highlights Source: KUNA & Arab Times Source: KUNA &Arab

(PetroGulf) will reportanyreleva (PetroGulf) KCIC accounted for 25 percent of this consortium. consortium. of this of 25percent isone for AGP KCICaccounted

) (Source: KSEWebsite) as of the current approval expiry date on February 05, 2011. February 05,2011. on the currentapprovalexpirydate asof (Source: KSEWebsite) (Source: KSEWebsite) shares for further 6months, forfurther shares 6months, forfurther shares The shares will be initially priced at350filseach, priced willbeinitially Theshares 421,048 over a period of fouryears. 421,048 overaperiod (Source: KSEWebsite) ofForeign Trade and Development Paavo tender No.122/2010/2009 by the Ministry of tender No.122/2010/2009bytheMinistry shares, or 20 percent of Al-Mowasat Healthshares, or20percentofAl-Mowasat newed its approval on January 18, 2011 for onJanuary18,2011for newed itsapproval onJanuary18,2011for newed itsapproval pines-based Atlantic Gulf Pacific (AGP) for for (AGP) Gulf Pacific Atlantic pines-based d its approval onJanuary17,2011forAl- d its 16.5 percent stake in theoilconcessions 16.5 percentstake e Coordinating Committee explained jointly to to jointly explained Committee e Coordinating Global d Al-Haroun discussed with his Finnish d Al-HaroundiscussedwithhisFinnish to repurchase or divest a 10 torepurchaseordivesta10 n tender No. 2126-RFP from Kuwait Oil KuwaitOil n tenderNo.2126-RFPfrom cation of Kuwait, these cation ofKuwait, companies will also e cooperation and obstacles standing andobstacles e cooperation in the along with a consortium of consortium a alongwith d construction companies in Asia. It has a Asia. Ithas d constructioncompaniesin for asset values to continue to recover whilst whilst recover to tocontinue asset values for FSK.KW> to repurchase or divest a 10 a or divest FSK.KW> torepurchase (Source: KSEWebsite) vest a 10 percent maximum of its issued issued its of a10percentmaximum vest

al plants in Doha station over three years at at years three over station inDoha plants al WeeklyMarketReport-Kuwai nt updates tobourse management.

as of the current approval as of the current approval

Moreover,a

5

t Update as of January 20, 2011 ysHge ehia dcto EA.W .10.21 1.91 Eyas Higher & Technical Education * ufGasMnfcuigC.29 3.06 2.94 Gulf Glass Manufacturing Co. LFOAito esn iac o *2.42.00 21.84 Aviation FinanceLeasing & ** ALAFCO Co. ernHligCmay^17 -0.97 1.73 Source: Exchange Kuwait Stock ** 3 month ended in December 2010 9 Month ^ result ending in November 2010 * 3 Month result November 2010 ^ Company Holding Jeeran Latest FinancialResultsannouncedoftheKSElistedCompanies

Company name Company Year End Results Reuters oeDc1 e-9Dc1 Dec-09 Dec-10 Dec-09 Dec-10 Code Global Net profit KWDmn Change Change KWDmn profit Net WeeklyMarketReport-Kuwai 796.49% 992.20% -3.82%

% - 65 79.64 76.59 73 1.94 17.39 26 -7.10 2.86 12.64 28.01 EPS - fils

6

t ainlRne opn 0.021 National RangesCompany o ieGiesTop Five Losers Top Five Gainers opn opn Close Company Company Top Ten Stocks by Volume by Stocks Ten Top

Update 63,360,000 13.51% as of January 20, 2011

Investors Holding Group Co. Group Holding Investors Group Investment Aref Co. & Finance Lease Aviation Alafco Bank International Kuwait Company Holding Al-Ahlia Advisors Financial International Holding Group Al-Safwa Al-Safat Energy Holding Company Co. Investment Safat Al- Company Ranges National od1750002 od320,120 42,000 1,363,520 10,365,940 Insurance Food 11,240,670 0.02 0.23 32,730,100 Kuwaiti Non 21,499,320 1.13 Industrial 50,854,650 Real Estate 5.22 185,000 1,705,000 9.47 Investment Services 17.02 32.64 8,450,000 39,017,500 70,865,000 Banking Insurance 34.27 Food 127,305,000 244,222,500 Kuwaiti Non Industrial 256,410,000 Banking Real Estate Services Investment opn ls Cg oueCmayCoe%h.Volume %Chg. Close Company Volume %Chg. Close Company s aau nuac 09 01.0 80,000 12.50% 63,360,000 80 490,000 10,930,000 1,680,000 90 16.67% 13.11% 12.50% 15.94% 18 305 345 36 80 345 21 400 41 345 345 21 39 * First Dubai Real Estate Development Co. 1st TakafulInsurance Kuwait Remal Real Estate Co. Real Estate CenterTrade Co. National RangesCompany Company Kuwait Financial Center Financial Kuwait Company Holding Zima Bank Ahli United Co. Estate Real Remal Kuwait Based on the Five days closing prices closing days Five onthe Based Close Sector SectorsRanked by Volume Traded

Cg Volume %Chg. T .4 17,280,000 3,820,000 6.94% 3,225,000 7.14% 8.11% Volume Volume raded raded 50%10,930,000 15.00% .1 .0 21,120,000 0.00% 23,480,000 3.95% 29,930,000 0.019 0.00% 31,050,000 0.079 32,960,000 -1.37% 0.385 0.00% 38,200,000 0.360 6.35% 41,360,000 0.018 -4.26% 47,760,000 0.067 -1.69% 50,440,000 0.023 -5.56% 63,360,000 0.058 13.51% 0.068 0.021 0.154 0.150 0.800 0.345 Volume Traded Volume % of Total Highest Fluctuation ( fils Close Close )

Global Kuwait Finance House Finance Kuwait Kuwait of Bank National Agility Co. Petrochemical Boubyan Zain Co. Estate Real Remal Kuwait Co. Investment Safat Al- Burgan Bank Bank International Kuwait Alafco Aviation Lease & FinanceCo. Kuwait & Financial Investment Co. Gulf InsuranceGulf Company Warba Insurance Company 1st Takaful Insurance Pearl of KuwaitReal Estate Company High ( fils ) WeeklyMarketReport-Kuwai Sector Low SectorsRanked by ValueTraded ( fils Top Ten Stocks by Value by Stocks Ten Top ) Cg Total Volume %Chg. 1.06 0.03 8.07 8.75 16.74 25.49 39.60 0.25 Value Traded Traded Value .6 .8 12,396,950 16,185,450 3.28% 2.82% 1.260 1.460 .8 20%2,993,300 3,136,000 -2.04% 3,200,100 0.00% 0.480 3,341,300 0.550 -1.37% 3,594,840 1.440 15.00% 4,788,650 0.345 -5.56% 0.00% 0.068 11,203,000 11,489,150 0.550 -1.37% 0.00% 0.360 0.385 -.9 35,000 60,000 0.600 -9.09% 160,000 80,000 0.152 -9.52% 0.070 -10.26% 1,040,000 0.080 -11.11% 0.032 -11.27% (KWD) %Chg. V alue (KWDalue Value Traded % ofTotal

7

t )

Update as of January 20, 2011

91/90/21 Y 0 354.25 453.50 391.00 15.00 100 39.00 80 75 340.50 15 250.00 39 1YR 308.00 100 685.00 1YR 100 885.00 1YR 486.00 100 2YR 636.00 08/12/10 100 2YR 391.00 125 06/10/10 1YR 70 674.50 15/09/10 1YR 84 749.00 08/09/10 1YR 23/12/09 40 25/08/10 1YR 09/12/09 1,261.00 80 602.00 18/08/10 1YR 92 07/10/09 155.50 11/08/10 1YR 249.00 16/09/09 200 04/08/10 1YR 10/09/08 107 12/05/10 1YR 57 27/08/08 05/05/10 1YR 77 19/08/09 28/04/10 1YR 12/08/09 21/04/10 1YR Coupons05/08/09 14/04/10 1YR 13/05/09 07/04/10 1YR 06/05/09 24/03/10 1YR 29/04/09 KWD-Bid 17/03/10 22/04/09 10/03/10 15/04/09 Volume - Mn 27/01/10 Life 08/04/09 23/12/09 25/03/09 18/03/09 11/03/09 Maturity Date 28/01/09 24/12/08 Issue Date 81/00/21 Y 0 606.00 546.00 982.00 553.00 100 80 367.00 35.00 60 75 310.00 75 467.00 1YR 15 492.00 1YR 40 512.00 5YR 375.00 100 5YR 100 07/12/11 699.00 1YR 439.50 100 05/10/11 2YR 60 504.50 24/08/11 1YR 293.00 125 25/05/11 1YR 70 22/12/10 393.00 14/09/11 1YR 85 08/12/10 05/09/11 548.00 1YR 50 06/10/10 24/08/11 947.50 1YR 80 30/08/06 17/08/11 1YR 548.50 31/05/06 376.50 100 10/08/11 1YR 15/09/10 200 03/08/11 1YR 08/09/10 100 11/05/11 1YR 60 25/08/10 04/05/11 1YR 18/08/10 27/04/11 1YR 11/08/10 20/04/11 1YR 04/08/10 13/04/11 1YR 12/05/10 06/04/11 1YR 05/05/10 23/03/11 28/04/10 16/03/11 21/04/10 09/03/11 14/04/10 26/01/11 07/04/10 24/03/10 17/03/10 10/03/10 27/01/10 2 years 1 year 1 months 9 months 6 498.00 33.00 Changed Latest 100 33 7YR Reuters Source: issued Newly 2YR years 2 months 6 months 3 12/06/13 KIBOR 09/05/12 Matured Recently 21/06/06 12/05/10 Interest Rates 11/11R8 527.50 80 1YR 21/12/11 22/12/10 KWD T-BondsKWD issued Tender by CBK- Results 1.125 Bid % 1.63 0.875 Y 0334.50 80 1YR Global 3 months months 3 LIBOR (on $ deposits) WeeklyMarketReport-Kuwai 1.500% 1.500% 1.500% 2.000% 2.000% 1.500% 1.500% 1.500% 2.000% 2.000% 2.000% 2.000% 2.250% 2.250% 2.250% 2.250% 2.250% 2.250% 2.250% 1.250% 1.250% 6.625% 6.375% 1.250% 1.375% 1.250% 1.250% 1.250% 1.250% 1.250% 1.250% 1.250% 1.250% 1.250% 1.250% 1.250% 1.250% 1.250% 1.500% 1.500% 1.250% 6.625% 1.375% 0.45469 0.30313 0.78031 0.61438

8

t Update as of January 20, 2011

GCC &InternationalMarketsCurrenciesCrossrates GCC &MENAregionstockmarketsperformance * Calculated from Thursday to Thursday to Thursday from * Calculated General Global Qatari Qatar Stocks Bahraini Global share All Oman Abu Dhabi Dubai Arabia Saudi Global General (Kw) (KSE) Kuwait Recently Matured Newly issued Latest Changed Latest issued Newly Reuters Source: Matured Recently 01/11/10 81/099.85 Yield To Maturity Maturity Date Issue Price 28/10/10 Issue Date Japanese Yen Franc Swiss Pound Sterling Euro Dollar US Kw Dinar Kw A urnyKDUDSRADBDORQAR OMR calculations Global & Reuters Source: BHD Qatari Riyal AED Omani Riyal SAR Dinar Bahraini Dirham UAE USD Riyal Saudi KWD Dollar US Dinar Kw Currency ustralian Dollar urnyKDUDERGRCFJYAUD JPY CHF GBR EUR USD KWD Currency Country Indices Index Level Net change* % Change YTD % YTD Change % change* Net Level Index Indices Country Kuwaiti Dinar Exchange rate against other International Currencies International other against rate Exchange Dinar Kuwaiti Kuwaiti Dinar Exchange rate against other GCC Currencies GCC other against rate Exchange Dinar Kuwaiti

.04002 .00007 .1610.0122 1.0539 1 86.0974 1.6087 0.0116 131.4223 1.3591 1 1.5264 0.0076 111.0334 1.0059 1.2896 0.0090 0.6551 82.1800 1 0.8449 0.9545 0.0122 0.7754 0.6253 1.0477 0.0034 1.1836 1 0.7401 1.5992 0.2940 1.3511 0.4488 1 0.3792 0.2807 .71024 .28108 .05015 1 9.4440 9.6579 0.1059 1 1.0226 0.9915 0.1035 0.1050 0.9711 1.0085 0.9779 1 0.1027 0.1028 3.6420 1.0298 9.5247 0.1005 0.3856 0.2746 9.7254 9.7404 1 0.9794 0.3771 2.5931 0.0771 9.9456 3.6731 2.6518 0.7278 1.0211 1 3.7505 0.2722 0.7443 0.2666 0.0764 1 1 0.0748 0.2807 81.6951 0.9489 0.6216 0.7358 0.9941 0.2790 .60267 .20340 9.083.5842 292.8098 3.4009 2.2280 2.6371 3.5630 1 .601.611.84133 .7012.9766 1.3740 1.3436 13.0874 13.3631 3.5630 1 WeeklyRegional Performance Markets of KWD T-Bills issued by CBK by issued T-Bills KWD 3/01 0.133% 31/10/11 2/11 0.590% 27/01/11 1.2-.319.50 -0.70 -2.03 0.05 20.23 -13.92 0.06 0.27 0.60 -7.4-.530.27 -2.43 9.69 -2.19 -1.85 -10.78 -0.61 8.76 -0.58 -1.97 -170.84 -1.56 -0.97 -8.68 -0.89 -40.81 -53.99 -0.58 -15.72 -59.45 -40.10 99.87 9,065.59 1,422.86 6,986.13 2,683.66 1,609.22 6,657.73 6,896.20 671.72 115.91 223.90 Global WeeklyMarketReport-Kuwai

9

t Update as of January 20, 2011

Annual Performance of MENA Stock Markets Stock MENA of Performance Annual Jordan (New Free float Index) float Free (New Jordan ** Tunis Index performance as of Januray 14, 2011 of Januray as performance ** TunisIndex day previous of the the preformance showing Morocco Indicesare * Egyptand Global Bahraini Stocks Global Qatari General Palestine - AlQuds Index AlQuds - Palestine Global General (Kw) Bahrain All share Bahrain Egypt (EGX30 Kuwait (KSE) Saudi Abu Dhabi Abu T unis unis Oman Dubai Morocco Lebanon Qatar ) (20) - 20 40 60 2040 - (20) -10.95 -9.60 -6.31 -6.21 -5.76 -1.78 -1.33 -1.31 -0.87 -0.85 -0.71 -0.70 -0.69 -0.66 -0.62 -0.09 % YTD 2011 % YTD 0.17 0.56 1.74 Global 2.77 3.13 3.39 3.42 4.42 6.06 8.15 WeeklyMarketReport-Kuwai 15.03 17.46 19.17 20.03 21.17 % YTD 2010 % YTD 24.75

10

t Update as of January 20, 2011

uatFnneHue12012013011012016%1101103.64% 1.140 1.100 1.69% 1.200 0.186 0.062 1.180 0.062 0.186 1.320 0.066 1.200 0.061 1.260 0.166 0.062 0.166 0.166 0.156 0.160 FinanceKuwait House RealKuwait EstateCo. Company (ISKAN) Finance Housing (Amricana)Company Foodstuff Kuwait Co. Telecommunication National Mobile National Real Estate Co. Company Name Company

Global Technical Analysis Global Technical Technical TipsoftheWeek:

(11 weeks) average moving (3):Medium-term Trend average (50weeks) Trend moving (2) : Long-term Trend stock price (1) : The weeklyaverage at KWD1.140 is now actingas a criticallayer “adjusted” to KWD0.711“adjusted”).Also,itis KWD2.755 38.2% Fibonacciretracementfrom promote KWD1.320beforeKWD1.500(near KWD1.200 andKWD1.140,respectively.However,managingtocloseaboveKWD1.260will positions, keepinginmindthatastop-lossacti and long-term(50weeks)movingaveragesit indications, in additiontothat,thepricecontin As per thegraph, the stock’sRelativeStrength settled at KWD1.260as per last close. break above the mentioned resistancewould add the bullishmomentum there severaltimes.However, cross overthe now strugglingto line, butitis from Ju picked anupwardmovementstarting of the which showstheaverageweeklyperformance In “Global’s” technical analysis on technical analysis In “Global’s” Weekly QKFIN.K Weekly 23.6% 38.2% 120 220 320 420 121 221 321 421 Q1 2011 Q4 2010 Q3 2010 Q2 2010 Q1 2010 Q4 2009 Q3 2009 Q2 2009 Q1 2009 23/01/11, 32.6, 23/01/11, 1,220.0, 1,260.0,1,220.0, 1,260.0 23/01/11, 8.785M 23/01/11, 63.087 RSI,QKFIN.KW, Last Trade(Last), 14, Wilder Smoothing MACD, V Cndl, 23/01/11, 1,147.4 QKFIN.KW,EMA, Trade(Last), Last 50 23/01/11, 1,203.3 QKFIN.KW,EMA, Trade(Last), Last 11 Mar ol, Q Q KFIN.KW, Last Trade KFIN.KW, Last Kuwait Finance House Finance Kuwait

KFIN.KW, Last Trade KFIN.KW, Last Q Apr 1,193.5 1,492.1 KFIN.KW, Last Trade(Last), Exponential9, 26, 12, , W May Recommendation 30.1 FO.W Watch to buy Watch to buy KE.W Watch buy to Watch buy to Reuters Code Reuters KI.W Hold Watch buy to Jun 0Jn1 Hold Watch to buy Watch to buy 20-Jan-11 Hold 20-Jan-11 Hold 19-Jan-11 Watch to buy 18-Jan-11 17-Jan-11 16-Jan-11 Date of Jul Aug Sep Oct Recommendation 2 Nov Medium Term Long Term

Dec

Jan Kuwait Finance House (KFH) stock, 1,320 1 Feb Mar , which should prevent anydownwards attempts. Closing Closing (KWD) Apr strong resistance level at KWD1.260 as it touched KWD1.260 asit resistance levelat strong ly 2010 and moved within a minor upward trend within aminorupward ly 2010andmoved Price Price .0 .9 .0 .1 .1 .3 0.132 2.67% 1.540 11.11% 0.132 1.800 1.500 1.620 0.112 1.600 0.112 1.900 1.600 0.106 1.900 1.600 0.096 1.900 1.540 0.100 1.820 1.580 1.860 Index “RSI”andMACD are stillgivingpositive 3 ues tocloseaboveitsmedium-term(11weeks) on should be taken if the stock closes below on shouldbetakenifthestockcloses worth mentioningthatthestrongsupportlevel May Global is believed that both investors can hold their isbelievedthatbothinvestorscanhold more to thepositive sentiment. Theprice Jun remains and it is believed that a successful believed thata remains anditis bank’s share, it is seen that the stock price is seenthatthestock bank’s share,it Support Support Level 1,260 Jul WeeklyMarketReport-Kuwai Aug Resistance Resistance Sep Level Oct Nov eim–Tr netetLong Term – Investment Medium Term – Investment Above Buy Dec Jan Below Feb Loss Stop 1,140 Mar Apr Gain KW KW V V V KWf e ic Pr .1234 .123 30 .1 -200 20M 850 900 950 1,000 1,050 1,100 1,150 1,200 1,250 1,300 1,350 1,400 1,450 1,500 1,550 .1 alue alue olume f f

11 Above

.6 0.068 0.068 Buy Buy t

Below Loss Stop Gain Global Investment House Kuwait Stock Exchange Listed Companies For the week ended on: 20/01/11

Weekly Weekly Net Profit Closing Price Week To Date No. of Shares Market Cap Book Value Dividend Yield Reuters RIC Volume '000 Shares EPS Fils P/E ! P/BV June 2010 Company Name KD % Change ('000) KD'000 Fils! % Shares Turnover % KD'000 BANKING National Bank of Kuwait NBKK.KW 1.4600 2.82% 3,597,932 11,280 5,252,981 0.31 80.73 18.08 561.51 2.60 145,234 2.74 The Gulf Bank GBKK.KW 0.5600 0.00% 2,507,702 2,755 1,404,313 0.11 1.58 354.27 156.01 3.59 1,982 - Commercial Bank of Kuwait CBKK.KW 0.9500 -1.04% 1,272,022 105 1,208,421 0.01 1.40 678.89 344.80 2.76 890 - Al-Ahli Bank of Kuwait ABKK.KW 0.7000 0.00% 1,441,180 245 1,008,826 0.02 36.41 19.23 304.37 2.30 26,235 2.14 BKME.KW 0.8000 8.11% 1,073,225 3,225 858,580 0.30 23.75 33.68 217.28 3.68 12,745 - Kuwait International Bank KIBK.KW 0.3600 -1.37% 1,037,327 31,050 373,438 2.99 9.69 37.15 171.58 2.10 5,026 - Burgan Bank BURG.KW 0.5500 0.00% 1,401,331 8,950 770,732 0.64 300.83 1.83 -6,856 - Kuwait Finance House KFIN.KW 1.2600 3.28% 2,489,852 10,030 3,137,214 0.40 56.87 22.16 499.64 2.52 70,798 1.98 Boubyan Bank BOUK.KW 0.6300 -1.56% 1,748,235 3,225 1,101,388 0.18 3.46 182.12 134.55 4.68 3,024 - Sector Total/ Weighted Average 16,568,808 70,865 15,115,894 0.43 20.44 347.90 2.70 259,077 1.26 INVESTMENT Kuwait Investment Co. KINV.KW 0.1320 -2.94% 551,250 860 72,765 0.16 19.28 6.85 203.23 0.65 5,313 - Commercial Facilities Co. FACI.KW 0.3850 1.32% 536,764 1,660 206,654 0.31 37.22 10.34 288.04 1.34 9,990 5.19 International Financial Advisors (IFA) IFIN.KW 0.0670 6.35% 720,000 38,200 48,240 5.31 177.08 0.38 -11,688 - National Investment Company NINV.KW 0.4300 -3.37% 876,213 5,420 376,772 0.62 14.07 30.56 221.70 1.94 6,165 - Kuwait Investment Projects Co. (Holding) KPRO.KW 0.4550 -2.15% 1,212,312 3,600 551,602 0.30 15.77 28.86 452.35 1.01 9,557 5.49 Al-Ahlia Holding Co. AINV.KW 0.0175 0.00% 828,158 32,960 14,493 3.98 -4,782 - The Coast Development Investment COAS.KW 0.1160 -3.33% 625,293 4,120 72,534 0.66 69.53 1.67 -853 - The International Investor Co. TIIK.KW 0.0250 0.00% 492,222 - 12,306 - 23.05 1.08 -5,424 - The Securities House Co. SECH.KW 0.1300 0.00% 680,000 - 88,400 - 0 - Industrial & Financial Investments Co. IICK.KW 0.0405 6.58% 459,967 240 18,629 0.05 90.63 0.45 -2,962 - Securities Group Co. (Year end March) ^ SGCK.KW 0.2800 0.00% 255,284 - 71,480 - 8.23 34.02 247.35 1.13 525 5.36 International Finance Co. IMCK.KW 0.2750 0.00% 465,716 - 128,072 - 161.95 1.70 -3,655 - Kuwait Financial Center (MARKAZ) MARKZ.KW 0.1540 6.94% 506,000 17,280 77,924 3.42 5.72 26.91 165.04 0.93 1,448 - Kuwait & Middle East Financial Investment Co. KMEF.KW 0.0700 -10.26% 263,815 160 18,467 0.06 156.95 0.45 -3,534 - International Investment Group IIGK.KW 0.0440 0.00% 456,704 - 20,095 - 0 - Aref Investment Group Co. AIGK.KW 0.0790 3.95% 1,061,291 23,480 83,842 2.21 196.08 0.40 -21,419 - The Investment Dar TIDK.KW 0.0740 0.00% 954,151 - 70,607 - 0 Al-Aman Investment Co. AMAN.KW 0.0560 -5.08% 486,315 9,880 27,234 2.03 6.02 9.30 64.98 0.86 1,463 - First Investment Co. OLAK.KW 0.1180 0.00% 651,071 7,900 76,826 1.21 144.70 0.82 -3,082 - Al-Mal Investment Co. MALK.KW 0.1140 -1.72% 528,281 6,220 60,224 1.18 116.57 0.98 -3,933 - Gulf Investment House GIHK.KW 0.0540 0.00% 442,191 360 23,878 0.08 90.51 0.60 -1,936 - A'ayan Leasing & Investment Co. AAYA.KW 0.0710 0.00% 638,820 - 45,356 - 0 - Bayan Investment Company BAYK.KW 0.0540 0.00% 392,664 1,040 21,204 0.26 108.56 0.50 -7,669 - Global Investment House GLOB.KW 0.0580 0.00% 1,312,427 10,720 76,121 0.82 94.35 0.61 -34,428 - Osoul Investment Company OSUL.KW 0.0530 -1.85% 348,040 40 18,446 0.01 54.34 0.98 -469 - Gulfinvest International GVES.KW 0.0205 0.00% 185,000 - 3,793 - - 0 - Kuwait Finance & Investment Co. KFSK.KW 0.0310 0.00% 541,478 80 16,786 0.01 45.08 0.69 -8,865 - KIPCO Asset Management Financial Services (KAMCO) KAMC.KW 0.3000 3.45% 263,302 230 78,991 0.09 10.06 29.82 328.86 0.91 1,324 3.33 International Leasing & Investment ILIC.KW 0.0940 0.00% 313,051 - 29,427 - 0 Kuwait Invest Holding Co. KTIN.KW 0.2200 0.00% 327,159 - 71,975 - 130.33 1.69 -2,960 - National International Holding Co. NIHK.KW 0.0520 0.00% 212,625 40 11,057 0.02 202.33 0.26 -760 - Housing Finance Co. (Iskan) ISKN.KW 0.1000 -3.85% 297,759 400 29,776 0.13 0.32 308.41 125.91 0.79 48 - Al Madar Finance & Investment Co. MADR.KW 0.0510 0.00% 367,356 - 18,735 - 85.60 0.60 -6,946 - Al Deera Holding Co. DEER.KW 0.0380 -1.30% 744,456 7,120 28,289 0.96 125.46 0.30 -9,051 - Al Safat Investment Co. SAFT.KW 0.0680 -5.56% 772,983 50,440 52,563 6.53 140.96 0.48 -1,053 - Al Salam Group Holding Co. BGRP.KW 0.0550 0.00% 240,000 4,720 13,200 1.97 89.95 0.61 -682 - Ekttitab Holding Co. KADH.KW 0.0325 -7.14% 517,000 800 16,803 0.15 45.73 0.71 -4,258 - Al Qurain Holding Co. QURK.KW 0.0300 -6.25% 296,485 560 8,895 0.19 75.05 0.40 -1,214 - Sokouk Holding Co. SHCK.KW 0.0310 -1.59% 1,000,000 12,160 31,000 1.22 87.97 0.35 -2,530 - Al-Madina For Finance & Investment Co. MADI.KW 0.0430 -5.49% 407,065 7,760 17,504 1.91 181.41 0.24 -3,645 - Noor Investment Co. NOOR.KW 0.0435 -2.25% 750,000 160 32,625 0.02 94.04 0.46 -11,738 - Tamdeen Investment Co. TAMI.KW 0.2480 -0.80% 311,850 200 77,339 0.06 21.53 11.52 288.55 0.86 3,357 2.42 Kuwait Bahrain International Exchange Co. EXCH.KW 0.3150 0.00% 46,200 - 14,553 - 17.55 17.95 126.15 2.50 405 7.94 Damac Kuwaiti Holding Co. DAMK.KW 0.1120 0.00% 180,000 - 20,160 - 84.48 1.33 -3,680 - Kuwait Syrian Holding Co. KSCH.KW 0.0670 -1.47% 300,000 480 20,100 0.16 3.10 21.58 106.32 0.63 466 - Strategia Investment Company STRAT.KW 0.0960 5.49% - 2,320 - -58 - Kuwait China Investment Company KCIC.KW 0.0710 -1.39% 800,000 4,600 56,800 0.58 103.39 0.69 -1,046 - Manafae Investment Company MANF.KW 0.0740 0.00% 200,881 - 14,865 - 130.29 0.57 -475 - Gulf North Africa Holding Company GNAH.KW 0.0710 -4.05% 150,000 200 10,650 0.13 5.40 13.16 130.00 0.55 405 - Amwal International Investment Company AMWA.KW 0.0790 0.00% 180,551 - 14,264 - 138.16 0.57 -287 - Al-Masar Leasing & Investment Co. MASR.KW 0.0425 0.00% 160,050 - 6,802 - 110.62 0.38 -485 - Sector Total/ Weighted Average 25,310,203 256,410 2,979,119 1.01 21.82 147.32 0.84 -125,097 1.08 INSURANCE Kuwait Insurance Co. KINS.KW 0.3850 0.00% 194,040 - 74,705 - 29.79 12.93 237.17 1.62 2,890 5.19 Gulf Insurance Co. GINS.KW 0.6000 -9.09% 169,650 35 101,790 0.02 49.58 12.10 400.73 1.50 4,206 6.67 Al-Ahlia Insurance Co. AINS.KW 0.5300 6.00% 171,912 10 91,113 0.01 58.15 9.11 427.93 1.24 4,998 3.77 Warba Insurance Co. WINS.KW 0.1520 -9.52% 172,789 60 26,264 0.03 20.96 7.25 246.09 0.62 1,811 - Kuwait Re-Insurance Co. KWRE.KW 0.2200 0.00% 110,000 - 24,200 - 20.61 10.67 336.73 0.65 1,134 2.27 1st Takaful Insurance FTIK.KW 0.0800 -11.11% 100,000 80 8,000 0.08 102.21 0.78 -771 - Wethaq Takaful Insurance WETH.KW 0.0455 0.00% 110,250 - 5,016 - 99.17 0.46 -1,087 - Sector Total/ Weighted Average 1,028,640 185 331,089 0.02 10.58 280.26 1.15 13,180 4.24 REAL -ESTATE Kuwait Real Estate Co. KREK.KW 0.0620 0.00% 906,713 13,720 56,216 1.51 3.12 19.85 142.56 0.43 1,416 - United Real Estate Company UREK.KW 0.0900 -2.17% 1,187,974 1,320 106,918 0.11 4.30 20.93 124.17 0.72 2,554 - National Real Estate Co. NREK.KW 0.1540 -1.28% 814,195 1,760 125,386 0.22 20.63 7.46 314.75 0.49 8,400 - Salhia Real Estate Co. SREK.KW 0.2750 1.85% 399,221 590 109,786 0.15 32.65 8.42 289.97 0.95 6,517 5.45 Pearl of Kuwait Real Estate Co. PEAR.KW 0.0315 -11.27% 251,651 1,040 7,927 0.41 - -882 - Tamdeen Real Estate Co. TAMK.KW 0.2650 -1.85% 373,120 310 98,877 0.08 19.67 13.47 262.25 1.01 3,669 3.77 Ajial Real Estate & Entertainment Co. AREC.KW 0.1180 3.51% 176,400 100 20,815 0.06 337.02 0.35 -713 - Al- Massaleh Real Estate MREC.KW 0.0760 0.00% 235,654 - 17,910 - 4.68 16.23 169.94 0.45 552 - Arab Real Estate Co. ARAB.KW 0.0410 -3.53% 509,845 720 20,904 0.14 125.67 0.33 -3,067 - Union Real Estate Co. UREC.KW 0.1100 0.00% 201,014 20 22,112 0.01 7.23 15.21 129.15 0.85 727 6.36 Al-Enma'a Real Estate Co. (Year end Oct.) ** ENMA.KW 0.0850 2.41% 450,535 5,680 38,295 1.26 1.77 48.15 118.11 0.72 596 - Mabanee Company MABK.KW 0.7700 -1.28% 505,115 1,585 388,938 0.31 41.16 18.71 231.01 3.33 10,394 1.30 Inazzat Real Estate Development Co. INJA.KW 0.1120 -5.08% 345,649 16,020 38,713 4.63 0.06 2,012.51 157.95 0.71 10 - Jeezan Holding Co. JEZK.KW 0.0510 0.00% 271,071 4,240 13,825 1.56 75.58 0.67 -3,804 - Investors Holding Group Company INVK.KW 0.0190 0.00% 1,070,000 21,120 20,330 1.97 70.46 0.27 -370 - International Resorts Company IRCK.KW 0.0405 -2.41% 154,482 1,440 6,257 0.93 111.45 0.36 -1,039 - The Commercial Real Estate Company TIJK.KW 0.0780 -1.27% 1,834,814 6,120 143,115 0.33 4.59 16.99 132.19 0.59 4,212 - Sanam Real Estate Company SANK.KW 0.0830 -5.68% 122,185 40 10,141 0.03 1.33 62.60 151.61 0.55 81 - Aa'yan Real Estate Co. AYRE.KW 0.0800 -1.23% 377,000 2,880 30,160 0.76 4.05 19.73 183.99 0.43 764 - Aqar Real Estate Investment Co. AQAR.KW 0.0900 0.00% 234,250 - 21,083 - 0.35 253.76 98.48 0.91 42 - Kuwait Real Estate Holding Company ALAQ.KW 0.0345 -1.43% 315,000 240 10,868 0.08 84.53 0.41 -642 - Al Mazaya Holding Co. MAZA.KW 0.1200 -1.64% 649,320 1,000 77,918 0.15 7.91 15.18 199.55 0.60 2,567 - Al Dar National Real Estate Company ADNC.KW 0.0210 0.00% 420,000 - 8,820 - 30.59 0.69 -2,764 - Al Themar International Holding Co. (Year end March) ^ THMR.KW 0.1100 -3.51% 1,012,500 20 111,375 0.00 0.86 127.76 89.70 1.23 218 - Grand Real Estate Projects Co. GRND.KW 0.0190 2.70% 375,350 1,200 7,132 0.32 60.11 0.32 -13,573 - Tijara Real Estate Investment Company TIJA.KW 0.0385 0.00% 384,463 800 14,802 0.21 110.81 0.35 -423 - Al Tameer Real Estate Investment Co. AMAR.KW 0.0540 5.88% 240,000 120 12,960 0.05 6.24 8.65 109.67 0.49 749 - Arkan Al-Kuwait Real Estate Co. (Year end Oct.) ** ARKK.KW 0.0650 -8.45% 221,165 120 14,376 0.05 117.49 0.55 -415 - Safat Global Holding Co. SAFA.KW 0.0485 0.00% 30,000 - 1,455 - 0 Alargan International Real Estate Co. ARGK.KW 0.2080 0.00% 265,000 - 55,120 - 28.48 7.30 235.78 0.88 3,774 - Abyaar Real Estate Development Co. ABYR.KW 0.0350 -2.78% 1,067,275 12,080 37,355 1.13 100.68 0.35 -2,415 - Munshaat Real Estate Projects Co. MUNS.KW 0.0355 1.43% 322,000 1,360 11,431 0.42 158.21 0.22 -7,992 - First Dubai For Real Estate Development Co. FIRST.KW 0.0385 -4.94% 948,359 1,680 36,512 0.18 87.35 0.44 -1,307 - Kuwait Business Town Real Estate Co. KBTK.KW 0.0440 0.00% 785,688 - 34,570 - 93.69 0.47 -2,433 - Manazel Holding Co. MANK.KW 0.0255 -1.92% 715,000 18,560 18,233 2.60 78.14 0.33 -1,210 - Real Estate Asset Management Company (REAM) REAM.KW 0.1160 0.00% 104,500 - 12,122 - 6.92 16.76 146.51 0.79 362 - Mena Real Estate Company (Year end March) ^ MENA.KW 0.0475 0.00% 196,500 - 9,334 - 132.97 0.36 -292 - Al-Mudon Intl. Real Estate Co. ALMK.KW 0.2400 0.00% 100,000 - 24,000 - 0.66 362.64 168.36 1.43 33 - Real Estate Trade Center Co.^^ MARA.KW 0.3450 -8.00% 105,000 490 36,225 0.47 20.46 16.86 171.80 2.01 1,612 - Kuwait Remal Real Estate Co. ^^ REMAL.KW 0.3450 15.00% 200,000 10,930 69,000 5.47 63.31 5.45 176.02 1.96 9,496 - Sector Total/ Weighted Average 18,878,008 127,305 1,901,313 0.67 12.75 137.09 0.74 15,402 0.81 Global Investment House Kuwait Stock Exchange Listed Companies For the week ended on: 20/01/11

Weekly Weekly Net Profit Closing Price Week To Date No. of Shares Market Cap Book Value Dividend Yield Reuters RIC Volume '000 Shares EPS Fils P/E ! P/BV June 2010 Company Name KD % Change ('000) KD'000 Fils! % Shares Turnover % KD'000 INDUSTRIAL National Industries Group (Holding) NIND.KW 0.3550 0.00% 1,295,098 4,380 459,760 0.34 301.30 1.18 -6,966 - Kuwait Pipes Industries & Oil Services PIPE.KW 0.2500 -3.85% 225,331 980 56,333 0.43 138.28 1.81 -695 - Kuwait Cement Co. KCEM.KW 0.7000 1.45% 607,291 150 425,104 0.02 29.02 24.12 221.50 3.16 8,811 1.43 Refrigeration Industries & Warehousing REFR.KW 0.2360 4.42% 85,141 40 20,093 0.05 7.97 29.60 213.23 1.11 339 - Gulf Cables & Electrical Industries Co. CABL.KW 1.9400 1.04% 209,931 568 407,267 0.27 210.26 9.23 884.84 2.19 22,070 2.58 Heavy Engineering Ind. & Shipbuilding Co. SHIP.KW 0.3450 -4.17% 163,484 100 56,402 0.06 21.30 16.20 154.33 2.24 1,741 - Contracting & Marine Services Co. MARI.KW 0.3300 -2.94% 197,962 20 65,328 0.01 15.56 21.20 210.05 1.57 1,541 - Kuwait Portland Cement Co. PCEM.KW 1.6800 0.00% 82,640 190 138,836 0.23 268.70 6.25 788.81 2.13 11,103 5.95 Shuaiba Industrial Co. PAPE.KW 0.2000 2.04% 55,668 20 11,134 0.04 28.03 7.14 243.81 0.82 780 7.50 Metal & Recycling Co. MRCK.KW 0.1480 0.00% 82,557 - 12,218 - 1.36 109.09 241.30 0.61 56 - Kuwait Foundry Co. KFDC.KW 0.7600 1.33% 121,121 5 92,052 0.00 51.02 14.90 415.47 1.83 3,090 2.63 ACICO industries Co. ACIC.KW 0.3400 -4.23% 225,658 1,410 76,724 0.62 39.69 8.57 350.74 0.97 4,478 2.94 United Industries Co. UICK.KW 0.1300 3.17% 495,469 480 64,411 0.10 19.35 6.72 192.70 0.67 4,794 - Boubyan Petrochemical Co. (Year end April) ^ BPCC.KW 0.5500 0.00% 485,100 5,630 266,805 1.16 13.68 40.20 468.23 1.17 1,659 5.45 Gulf Glass Manufacturing Co. GGMC.KW 0.7100 1.43% 38,378 5 27,248 0.01 71.35 9.95 306.13 2.32 1,369 4.23 Hilal Cement Company HCCK.KW 0.2550 0.00% 69,878 - 17,819 - 17.01 14.99 225.68 1.13 594 - Al Kout Industrial Projects Co. ALKK.KW 0.3850 0.00% 88,200 - 33,957 - 36.50 10.55 222.49 1.73 1,610 3.90 Kuwait Packing Materials Manufacturing Co. KPAK.KW 0.3600 0.00% 42,276 - 15,219 - 31.57 11.40 229.57 1.57 667 5.56 Kuwait Building Material Manufacturing Company KBMM.KW 0.2750 -5.17% 26,250 40 7,219 0.15 10.20 26.96 170.06 1.62 134 5.45 National Industries Company NIBM.KW 0.3750 -1.32% 346,200 60 129,825 0.02 24.11 15.56 215.49 1.74 4,173 - Gulf Rocks Company ROCK.KW 0.1020 0.00% 91,412 - 9,324 - 11.81 8.64 220.48 0.46 540 9.80 Equipment Holding Co. EQUI.KW 0.0650 -1.52% 136,400 1,880 8,866 1.38 Mena Holding Group GHGK.KW 0.1460 0.00% 660,000 6,040 96,360 0.92 23.87 6.12 249.62 0.58 7,876 - National Company For Consumer Industries Co. NCCI.KW 0.0930 0.00% 90,000 - 8,370 - 104.70 0.89 -27 - Kuwait Gypsum Manufacturing & Trading Co. GYPK.KW 0.1760 0.00% 30,000 - 5,280 - 15.99 11.01 153.53 1.15 240 8.52 Qurain Petrochemical Industries Company ALQA.KW 0.1960 -2.97% 1,100,000 2,660 215,600 0.24 2.99 65.55 164.48 1.19 1,645 - Salbookh Trading Company SALB.KW 0.0760 1.33% 204,750 1,840 15,561 0.90 129.07 0.59 -726 - Ikarus Petroleum Industries Co. AKAR.KW 0.1520 1.33% 750,000 2,440 114,000 0.33 8.75 17.37 142.80 1.06 3,281 - Boubyan International Industries Holding (31-7)* BIIHC.KW 0.1240 0.00% 300,000 10,080 37,200 3.36 11.90 10.42 173.99 0.71 3,570 - Sector Total/ Weighted Average 8,306,195 39,018 2,894,313 0.47 12.55 254.46 1.39 77,746 0.29 SERVICES Kuwait National Cinema KCIN.KW 0.9200 0.00% 101,063 - 92,978 - 64.20 14.33 421.62 2.18 3,244 3.91 Kuwait Hotels Co. KHOT.KW 0.2550 0.00% 57,750 - 14,726 - 19.88 12.83 171.74 1.48 574 3.92 The Public Warehousing Co. (AGILITY) AGLT.KW 0.4800 -2.04% 1,046,837 6,190 502,482 0.59 68.17 7.04 898.63 0.53 35,680 8.33 Kuwait Commercial Markets Complex Co. SHOP.KW 0.1180 0.00% 270,037 40 31,864 0.01 198.17 0.60 -3,650 - Mobile Telecommunications Co. (ZAIN) ZAIN.KW 1.4400 -1.37% 4,280,307 2,200 6,163,642 0.05 418.35 3.44 605.90 2.38 895,325 11.81 Safat Energy Company SENE.KW 0.0580 -1.69% 603,045 47,760 34,977 7.92 101.48 0.57 -876 - Educational Holding Group (Year end Aug.) ** EDUK.KW 0.0720 0.00% 245,303 - 17,662 - 127.73 0.56 -4,262 - Independent Petroleum Group Co. IPGK.KW 0.4550 -5.21% 152,250 130 69,274 0.09 29.08 15.64 443.19 1.03 2,214 6.59 National Cleaning Co. CLEA.KW 0.1620 1.25% 102,968 1,840 16,681 1.79 16.95 9.56 205.99 0.79 872 - Sultan Center Food Products Co. SCFK.KW 0.1800 -1.10% 578,829 40 104,189 0.01 11.63 15.47 200.26 0.90 3,367 - Arabi Holding Group Company AGHC.KW 0.1300 0.00% 135,828 100 17,658 0.07 9.74 13.35 145.43 0.89 661 - City Group Co. TTGC.KW 0.5800 0.00% 113,008 - 65,545 - 16.94 34.24 234.14 2.48 957 - National Mobile Telecommunications Co. (NMTC) NMTC.KW 1.8600 -2.11% 504,033 1,345 937,501 0.27 142.27 13.07 903.26 2.06 35,854 2.69 Kuwait & Gulf Link Transport Co. KGLK.KW 0.1600 -1.23% 264,273 3,820 42,284 1.45 23.07 6.94 275.00 0.58 3,048 - Kuwait Cable Vision Co. KWTV.KW 0.0700 0.00% 95,595 - 6,692 - 13.45 5.20 -932 - Automated Systems Co. ASCK.KW 0.2340 0.00% 40,040 - 9,369 - 18.93 12.36 223.49 1.05 379 21.37 National Petroleum Services Company (NAPESCO) NAPS.KW 0.3300 0.00% 54,866 150 18,106 0.27 25.63 12.88 204.43 1.61 703 7.58 Kw Co. for Process Plant Construction & Contra. KCPC.KW 0.4250 -4.49% 57,280 210 24,344 0.37 2.98 142.73 243.86 1.74 85 1.18 Kuwait Slaughter House KSHK.KW 0.2550 0.00% 31,050 - 7,918 - 15.34 16.63 121.85 2.09 238 5.88 Eyas Higher & Technical Education (Year end Aug.) ** EYAS.KW 0.3300 0.00% 110,000 - 36,300 - 25.26 13.07 172.24 1.92 2,084 - Hits Telecom Holding HITS.KW 0.0760 0.00% 950,000 3,320 72,200 0.35 0.27 277.69 105.43 0.72 130 - Al-Safwa Group Holding SAFK.KW 0.0225 -4.26% 1,300,000 41,360 29,250 3.18 36.99 0.61 -4,447 - HumanSoft Holding Co. HUMN.KW 0.3100 0.00% 114,240 - 35,414 - 153.80 2.02 -303 - Privatization Holding Company KPPC.KW 0.0540 1.89% 793,800 1,560 42,865 0.20 1.78 30.36 136.72 0.39 706 - Nafais Holding Company (Year end June) * IPEK.KW 0.0530 0.00% 623,370 - 33,039 - 81.18 0.65 -7,673 - National Slaughter Houses Co. NSHK.KW 0.1820 0.00% 28,880 - 5,256 - 5.88 31 107.64 1.69 85 - Aref Energy Holding Co. AREF.KW 0.1640 0.00% 750,000 140 123,000 0.02 31.67 5.18 103.63 1.58 11,876 - Safwan Trading & Contacting Co. SAFW.KW 0.2950 -1.67% 50,000 2,010 14,750 4.02 38.26 7.71 176.54 1.67 957 6.78 Gulf Petroleum Investment GPIK.KW 0.0380 1.33% 218,710 560 8,311 0.26 3.10 12.27 109.79 0.35 339 - Gulf Franchising Holding Co. GFCI.KW 0.0350 0.00% 118,650 - 4,153 - 51.70 0.68 -774 - Credit Rating & Collection Co. TAHS.KW 0.1880 0.00% 165,000 - 31,020 - 0.18 1,068.40 119.47 1.57 15 - National Ranges Company MAYA.KW 0.0210 13.51% 1,000,000 63,360 21,000 6.34 67.38 0.31 -2,066 - Burgan for Well Drilling Co. (Year end March) ^ ABAR.KW 0.4700 0.00% 192,855 - 90,642 - 3.01 156.14 263.11 1.79 145 - IFA Hotels & Resorts Co. (Year end June) * IFAH.KW 0.5400 3.85% 453,882 125 245,096 0.03 111.89 4.83 -19,523 - Combind Group Contracting Co. CGCK.KW 2.0400 0.99% 87,846 223 179,206 0.25 103.25 19.76 361.30 5.65 4,535 3.19 Jeeran Holding Co. (Year End February) ^ JEER.KW 0.1240 0.00% 143,000 - 17,732 - 13.12 9.45 165.54 0.75 469 - Palms Agro Production Co. PAPK.KW 0.1660 0.00% 52,399 - 8,698 - 19.16 8.67 156.28 1.06 502 4.82 Al-Safat TEC Holding Co. SAFH.KW 0.0435 -2.25% 400,000 14,640 17,400 3.66 109.28 0.40 -479 - Mushrif Trading & Contracting Co. MTCC.KW 0.1260 -3.08% 200,000 860 25,200 0.43 11.10 11.36 129.44 0.97 1,110 - United Projects Company For Aviation Services. UPAC.KW 0.4250 0.00% 82,500 2,170 35,063 2.63 56.21 7.56 370.98 1.15 2,319 8.24 Al-Abraj Holding Co. (Year end October) ABRAJ.KW 0.0245 0.00% 350,000 - 8,575 - 0 - Alafco Aviation Lease & Finance Co. (Year end Sep.) ** ALAF.KW 0.3850 0.00% 779,772 29,930 300,212 3.84 13.27 29.02 131.84 2.92 7,758 - Al-Mowasat Healthcare Co. MHCK.KW 0.1160 3.57% 96,800 40 11,229 0.04 8.99 12.90 152.85 0.76 435 - Mashaer Holding Co MASK.KW 0.1420 -4.05% 185,000 780 26,270 0.42 6.89 20.61 365.04 0.39 637 - Oula Fuel Marketing Co. OULA.KW 0.3500 0.00% 299,727 540 104,904 0.18 10.67 32.80 126.93 2.76 1,599 2.86 Villa Moda Life Style Co. VILK.KW 0.1880 0.00% 67,500 - 12,690 - 0 Future Communications Co. Global FUTK.KW 0.3200 0.00% 81,034 - 25,931 - 37.24 8.59 173.35 1.85 1,509 7.81 Network Holding Co. VEND.KW 0.0450 0.00% 150,000 - 6,750 - 0 - Hayat Communications Co. HAYAK.KW 0.1400 -4.11% 90,000 400 12,600 0.44 4.93 28.38 122.69 1.14 222 - Mubarrad Transport Company MBRD.KW 0.0950 2.15% 216,879 6,920 20,604 3.19 121.72 0.78 -112 - Kuwait Resorts Company MUNK.KW 0.0460 -1.08% 187,110 720 8,607 0.38 2.84 16.20 102.65 0.45 266 - Advanced Technology Co. ATCK.KW 0.7900 0.00% 120,000 - 94,800 - 38.72 20.40 237.08 3.33 2,323 - Yiaco Medical Co. YIAC.KW 0.3400 -2.86% 165,000 190 56,100 0.12 31.24 10.88 148.63 2.29 2,577 1.47 Al Jazeera Airways Co. JAZK.KW 0.1260 3.28% 220,000 320 27,720 0.15 46.74 2.70 -9,221 - Soor Fuel Marketing Co. SOOR.KW 0.3250 0.00% 299,830 150 97,445 0.05 13.76 23.62 122.58 2.65 2,063 3.69 Kuwait National Airways Company. KNAK.KW 0.0700 -2.78% 500,000 160 35,000 0.03 63.65 1.10 -6,667 - Future Kid Entertainement and Real Estate Co. KIDK.KW 0.1220 -1.61% 118,250 60 14,427 0.05 6.77 18.02 165.90 0.74 400 - KGL Logistics Company LOGK.KW 0.2850 -1.72% 230,000 4,020 65,550 1.75 34.86 8.18 181.30 1.57 4,009 - Al Nawadi Holding Company ALNA.KW 0.0860 0.00% 105,369 - 9,062 - 8.15 10.55 128.14 0.67 430 - Alrai Media Group Company ALRA.KW 0.1100 1.85% 233,039 2,020 25,634 0.87 19.27 5.71 105.63 1.04 2,245 - Zima Holding Company ^^ ZIMAH.KW 0.1500 0.00% 100,000 3,820 15,000 3.82 3.88 38.66 119.28 1.26 291 - Sector Total/ Weighted Average 21,164,801 244,223 10,232,592 1.15 4.42 286.63 1.73 974,250 7.35 Global Investment House Kuwait Stock Exchange Listed Companies For the week ended on: 20/01/11

Weekly Weekly Net Profit Closing Price Week To Date No. of Shares Market Cap Book Value Dividend Yield Reuters RIC Volume '000 Shares EPS Fils P/E ! P/BV June 2010 Company Name KD % Change ('000) KD'000 Fils! % Shares Turnover % KD'000 FOODS Livestock Transport & Trading Co. CATT.KW 0.2950 1.72% 216,508 180 63,870 0.08 0.34 863.11 226.25 1.30 37 5.08 Danah Al-Safat Foodstuff Co. DANK.KW 0.1080 -1.82% 288,750 1,400 31,185 0.48 10.02 10.78 148.76 0.73 1,446 8.33 Kuwait United Poultry Co. POUL.KW 0.1220 0.00% 115,404 - 14,079 - 7.66 15.92 95.74 1.27 442 - Kuwait Food Company (Americana) FOOD.KW 1.6400 2.50% 402,002 55 659,283 0.01 135.34 12.12 708.17 2.32 27,204 3.66 United Foodstuff Industrial Group UFIG .KW 0.3750 0.00% 35,018 50 13,132 0.14 41.99 8.93 156.21 2.40 735 1.33 Kout Food Group KOUT.KW 0.3900 -2.50% 73,170 20 28,536 0.03 40.02 9.75 317.63 1.23 1,464 3.85 Sector Total/ Weighted Average 1,130,852 1,705 810,086 0.15 11.92 368.20 1.95 31,328 3.76 NON KUWAITI CO. Sharjah Cement & Industrial Development Co. SCEM.KW 0.0840 -2.33% 552,958 40 46,448 0.01 5.90 14.23 194.38 0.43 1,632 11.90 Gulf Cement Co. GCEM.KW 0.1180 -1.67% 821,097 920 96,889 0.11 7.24 16.29 138.02 0.85 2,974 8.47 Umm Al-Qaiwain Cement Industries Co. QCEM.KW 0.0570 0.00% 363,000 600 20,691 0.17 1.27 44.98 125.78 0.45 230 - Fujairah Cement Industries Co. FCEM.KW 0.0820 0.00% 355,865 320 29,181 0.09 13.99 5.86 217.76 0.38 2,490 7.32 Ras Al-Khaimah Co. for White Cement & Construction Materials RKWC.KW 0.1000 -1.96% 466,856 560 46,686 0.12 9.62 10.39 112.73 0.89 2,246 12.00 Arab Insurance Group (ARIG) ARIG.KW 0.1420 0.00% 220,000 - 31,240 - 324.02 0.44 -0.81 4.40 United Gulf Bank UGBK.KW 0.3400 -4.23% 800,000 30 272,000 0.00 23.09 14.73 193.38 1.76 9,235 1.47 Egypt Kuwait Holding Co. EKHK.KW 0.4600 -3.16% 839,295 1,100 386,076 0.13 44.43 10.35 241.12 1.91 18,644 1.09 Bahrain Kuwait Insurance Co. BKIK.KW 0.4550 0.00% 60,638 - 27,590 - 59.11 7.70 316.95 1.44 1,792 4.84 Gulf Finance House GFHK.KW 0.0340 0.00% 1,863,580 - 63,362 - 65.13 0.52 -13,888 - Inovest Company TAMR.KW 0.1140 0.00% 286,511 340 32,662 0.12 232.55 0.49 -2,694 - Ahli United Bank AUBK.KW 0.2040 0.99% 4,731,640 2,460 965,255 0.05 16.69 12.22 134.97 1.51 39,480 3.92 Ithmaar Bank ITMR.KW 0.0350 0.00% 3,189,267 2,080 111,624 0.07 71.91 0.49 -10,194 - Sector Total/ Weighted Average 14,550,707 8,450 2,129,704 0.06 12.01 130.59 1.12 51,946 2.57 Market Total/ Weighted Average 106,938,213 748,160 36,394,109.1 0.70 8.73 215.67 1.64 1,297,834 3.02 Parallel Market Al-Bareeq Holding Co. 0.1440 0.00% 120,000 - 17,280 - 70.78 2.03 -153 - Afaq Educational Services Co. (Year end 31 Aug.) ** 0.1200 0.00% 53,500 20 6,420 0.04 1.06 112.95 105.45 1.14 43 - Al-Shamel International Holding Co. 0.2500 0.00% 67,200 - 16,800 - 18.57 13.46 131.41 1.90 624 7.20 Al- Safat Real Estate Co. (Year end 31 Jan) 0.0405 0.00% 240,000 240 9,720 0.10 100.37 0.40 -474 - Ajwan Gulf Real Estate Co. 0.0750 0.00% 100,000 - 7,500 - 94.71 0.79 -225 - Specialities Group Holding Co. 0.2200 0.00% 150,000 40 33,000 0.03 10.11 21.77 226.81 0.97 758 - Al- Masaken International Real Estate Development Co. 0.0510 0.00% 200,000 - 10,200 - 121.42 0.42 -28 - Dulaqan Real Estate Co. 0.3450 0.00% 30,000 - 10,350 - 8.55 40.37 140.37 2.46 128 - Al Eid Food Company. 0.1020 0.00% 57,529 - 5,868 - 8.47 12.05 122.68 0.83 244 - Al-Maidan Dental Clinic Co. 0.5800 0.00% 150,000 - 87,000 - 21.43 27.06 -3,442 - Flex Resorts & Real Estate Co. 0.0510 0.00% 60,000 - 3,060 - 7.09 7.20 120.63 0.42 213 - Dar Al-Thuraya Real Estate Co. 0.0265 0.00% 146,500 - 3,882 - 1.61 16.45 112.86 0.23 118 - Kuwait Medical Services 0.0950 0.00% 76,323 - 7,251 - 3.35 28.32 151.15 0.63 128 - Amar For Finance & Leasing Co. 0.0640 0.00% 200,000 - 12,800 - 10.95 5.84 109.42 0.58 1,095 - Market Total/ Weighted Average 1,651,052 300 231,131 0.018 14.06 112.96 1.24 (972) 0.56 ! Diluted (P/Es in Negative or above 60 are excluded from the total) ** Annuallized 9 Months Results ^ Annuallized 3 Months Results ^^ Annualized 9 months Results * Full Year Results (12 Months) Update as of January 20, 2011 change, in anysecurities or instruments referred to, or provid loss arising from use of this document or its contents. At any At contents. its or useofthis document loss arisingfrom should not be relied on as such. Global Investment House, itson assuch.Global should notberelied hasbeenobtain information change. Whilethe as limitationsofthe maximum po offer, to buy or sell a securityorenterin offer, tobuyorsell This documentand its contents areprepared Disclaimer : Tel. 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