Kuwait Monthly Economic Brief

AUGUST 2008

KUWAIT MONTHLY ECONOMIC BRIEF

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FINANCIAL MARKET DEVELOPMENTS

STOCK MARKET SNAPSHOT Volume (000) Sector Market By the end of August, the value of transactions executed at the Kuwaiti Stock Exchange (KSE) amounted to KD 2,187 million, marking a new Al Qurain Holding 1,284,620 6.49% 2.18% low in trading activity. The average value of trades executed per day Source: Univest Research amounted to KD 99 million, marking a monthly decline of 13.16%. The number of trades executed dropped by 20.54% to 115,764 All Sectoral indices trended higher YTD, with the exception of food and transactions; leading to an average value per deal of KD 18,886. The banking sectors that diverted from the general market trend. The real volume of traded shares accounted for 6.47% of total traded YTD, estate sector continued to be in the lead recording the highest growth in amounting to 3,805 million and marking a monthly drop of 29.93%. its index at 26.83%, followed by the industrial sector that replaced the services sector in the second place, marking a growth rate of 26.67%. Table 1.1 YTD KSE Trading Activity Breakdown The industrial sector marked the highest beta for the end of August Transactions Volume Value followed by investment and services sectors at 1.19, 1.09 and 1.05 respectively. Banking Sector 5.74% 3.21% 10.56% Table 1.4 KSE Sectoral Indices: Volatility vs. Risk Investments Sector 31.09% 33.64% 29.55% YTD ∆ Beta Alpha Insurance Sector 0.17% 0.08% 0.10% Banking Sector -5.95% 0.822 -0.0011 Real Estate Sector 20.20% 21.70% 16.39% Investments Sector 9.70% 1.099 -0.0004 Industrial Sector 9.44% 5.42% 10.02% Insurance Sector 11.05% 0.227 0.0005 Services Sector 26.42% 28.85% 26.16% Real Estate Sector 26.83% 1.022 0.0006 Food Sector 1.21% 1.12% 0.79% Industrial Sector 26.67% 1.190 0.0004 Non-Kuwaiti 5.72% 5.99% 6.43%% Services Sector 23.47% 1.050 0.0004 Source: Kuwait Stock Exchange Food Sector -12.62% 0.321 -0.0011 Table 1.2 KSE Trading Volume Review Non-Kuwaiti Sector 11.85% 0.903 -0.0001 Volume (000) Avg. Daily Volume Avg. Daily Value Source: Univest Research APR 08 8,547,533 388,524,232 159,457,835

MAY 08 8,152,561 370,570,972 147,299,443 KSE YTD ADVANCERS More than 70.00% of the securities traded on KSE were in the red in JUN 08 8,625,553 392,070,568 178,072,335 August, with the volume associated with these securities accounting for JUL 08 5,430,122 246,823,705 113,558,788 93% of total trading activity. YTD, the picture was not that different reflecting the violent correction movement the market has been AUG 08 3,805,384 172,971,977 99,378,445 undergoing, especially over the past few months.

YTD TOTAL 58,822,341 334,217,846 154,283,408 The number of advancing stocks comprised 28.50% of market's total listed Source: Univest Research securities; with their respective traded volume comprising 39.13% of market's outstanding total YTD, down from the July-level of 48.36%. The Advancers/Decliners Volume Ration dropped for the second month in a At the securities level, the top three companies volume-wise were in raw from 1.04 to 0.32 by month-end. order: As Safwa Group Holding (ALSAFWA.KSE), National Ranges Company (MAYADEEN.KSE) and Ektitab Holding (EKTITAB.KSE) at 8.34%, 5.64% and 4.63% respectively YTD. MENA Holding Group (MENAHOLD.KSE) continued to be in the lead, recording the highest YTD growth with its share price rising by the equivalent of 1,580 Fils in absolute terms to 1,840 Fils. Table 1.3 Most Actively Traded Securities

Volume (000) Sector Market Table 1.5 Top Gainers YTD

As Safwa Group Holding 4,904,520 28.91% 8.34% Close Change YTD

National Ranges Co 3,318,240 19.56% 5.64% MENA Holding Group 1,840 1,580 607.69%

Ektitab Holding 2,722,870 13.76% 4.63% Aref Energy Holding Co 410 210 105.00%

Soukouk Holding 2,122,460 10.73% 3.61% Abyaar Real Estate Development Co 690 305 79.22%

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Kuwait Monthly Economic Brief –August 2008

Close Change YTD BANKING SECTOR

Kuwait Building Materials Manufacturing 620 270 77.14% The banking sector's index closed at 13,992.30 points in August, marking a monthly drop of 3.33%. YTD, the index had recorded a decline of 5.95%. National Slaughter House 355 147 70.67% The average value per deal in the banking sector stood at KD 33,931, marking a drop of 3.47% from the July-level. The highest values in this Source: Kuwait Stock Exchange category were recorded by National Bank of Kuwait (NBK.KSE), Kuwait Finance House (KFIN.KSE) and Commercial Bank of Kuwait (CBK.KSE) at KSE YTD DECLINERS KD 53,186, KD 41,408 and KD 39,590 respectively.

Out of a total of stocks traded on KSE, 69.00% recorded a decline in By August-end, the value of trades executed stood at KD 2,868 million, their respective share prices YTD with shares traded associated with marking a monthly increase of 5.21%. The value of trades in the sector decliners comprising 60.40% of total volume executed. International comprised 10.56%, down from the previous month's level of 10.92%. Financial Advisors (IFA.KSE) and Mushrif Trading & Contracting Company (MTCC.KSE) recorded the steepest decline at 60.11% and Chart 1.2 Banking Sector Value Index 55.80% respectively. Mobile Telecommunication Company (ZAIN.KSE) ranked third in the decliners' roster losing 54.97% of its share price value 128.00 01/01/2008 - 08/31/2008 High: 16,944.30 (03/12/2008) since the beginning of the year; the equivalent of 2,100 Fils in absolute 126.00 Close: 13,992.30 (08/31/2008) Low: 13,797.20 (08/28/2008) terms. 124.00 122.00 120.00 Table 1.6 Top Decliners YTD 118.00 116.00 Close Change YTD 114.00 112.00 International Financial Advisors 355 - 535 - 60.11% 110.00 108.00 106.00 Mushrif Trading & Contracting Co 305 - 385 - 55.80% 104.00 102.00 Mobile Telecommunications Co 1,720 - 2,100 -54.97% 100.00 98.00 International Finance Co 290 - 290 - 50.00% 96.00 94.00 KSE Index 08 Hajj & Umrah Services Consortium 490 - 480 -49.48% 92.00 Banking Sector Index 08 90.00 14 per. Mov. Avg. (Banking Sector Index 08) Source: Kuwait Stock Exchange

KUWAIT STOCK INDEX Source: Univest Research KSE index dropped by 530 points in August closing at 14,446.70 points. KFIN, NBK and Burgan Bank (BURG.KSE) continued to lead the trading Despite this monthly drop, YTD the index managed to record an activity in terms of value accounting for 70.54% and 7.68% of the increase of 15.50%. KSE's weighted index recorded a YTD change of sector's and KSE's outstanding total respectively. 0.28% down from the previous month's level of 4.96%, closing in the process at 721.28 points by month-end. Volume-wise, Boubyan Bank (BOUBYAN.KSE) ranked first capturing 17.86% of sector's total, followed by KFIN and BURG at 15.97% and Chart 1.1 KSE Value Index 15.93% respectively. Table 1.7 Banking Sector's Top Five: Ranked by Value 127.00 01/01/2008 - 08/31/2008 High: 15,654.80 (06/24/2008) 125.00 Close: 14,446.70 (8/31/2008) Low: 12,507.70 (01/02/2008) Deals Volume Value 123.00 121.00 Kuwait Finance House 26.89% 15.97% 32.81%

119.00 National Bank of Kuwait 16.76% 19.42% 26.26% 117.00 115.00 Burgan Bank 11.06% 15.93% 11.47% 113.00 111.00 Boubyan Bank 17.42% 17.86% 8.07%

109.00 Commercial Bank of Kuwait 6.00% 6.81% 6.99% 107.00 105.00 Source: Kuwait Stock Exchange 103.00 101.00 KSE Index 08 YTD, all securities in the sector were in the red with KFIN joining its 99.00 KSE Weighted Index 08 peers recording a YTD drop of 6.25%. On a monthly basis, Al Ahli Bank

(ABK.KSE) was the only institution to record a positive growth in its Source: Univest Research respective share price.

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Kuwait Monthly Economic Brief –August 2008

Table 1.8 Banks: Volatility vs. Risk Table 1.9 Investment Sector's Top Five: Ranked by Value

Beta Alpha Deals Volume Value

National Bank of Kuwait 1.358 -0.002 Ektitab Holding 10.67% 13.76% 8.74%

Gulf Bank of Kuwait 1.206 -0.003 Al Madina Finance & Investment 6.53% 5.24% 8.61%

Commercial Bank of Kuwait 1.217 -0.002 Kuwait Projects Co 3.96% 3.15% 8.60%

Al-Ahli Bank -0.133 -0.001 Al Safat Investment 5.55% 4.09% 8.20%

Bank of Kuwait & Middle East 0.380 -0.001 Global Investment House 3.02% 2.00% 5.19%

Kuwait International Bank 0.570 -0.002 Source: Kuwait Stock Exchange

Burgan Bank 0.964 -0.001 The companies that exhibited the highest volatility levels in the sector were: ALMADINA, Tamdeen Investment Company (TAMINV.KSE), and Boubyan Bank K.S.C. 0.929 -0.003 Kuwait Invest Holding (KNIV.KSE) at 2.09, 2.02 and 1.99 respectively. Kuwait Finance House 0.967 -0.001 Table 1.10 Investment Companies: Volatility vs. Risk Source: Univest Research Beta Alpha ABK continued to record the only negative beta in the sector at -0.13, Kuwait Investment Co 0.301 -0.002 while NBK exhibited the highest volatility among its peers with a beta of 1.36. Commercial Facilities Co -0.284 0.001

International Financial Advisors 1.106 -0.006 INVESTMENT SECTOR National Investments Co 0.527 -0.001 The investment sector's index closed at 17,283.60 points, dropping by 5.23% from the July-level. YTD, the sector's index managed to record a Kuwait Projects Co 1.662 0.000 positive growth of 9.70%, albeit failing to keep up with KSE general index. Al-Ahlia Holding 0.582 0.002

Chart 1.3 Investment Sector Value Index Coast Investment & Development 1.686 -0.004

128.00 01/01/2008 - 08/31/2008 High: 19,029.80 (06/08/2008) The International Investor 1.814 -0.004 126.00 Close: 17,283.60 (08/31/2008) Low: 15,754.90 (01/02/2008) 124.00 The Securities House 0.534 -0.002 122.00 120.00 Industrial & Financial Investments 0.860 -0.001 118.00 116.00 Securities Group Co 0.930 -0.002 114.00 112.00 110.00 International Finance Co 0.644 -0.004 108.00 106.00 Kuwait Financial Center 0.378 -0.002 104.00 102.00 KW & ME Financial Investment 0.206 -0.001 100.00 98.00 International Investment Group 0.702 -0.003 96.00 94.00 KSE Idnex 08 AREF Investment Group 1.617 -0.003 92.00 Investment Sector Index 08 14 per. Mov. Avg. (Investment Sector Index 08) 90.00 The Investment Dar 1.300 -0.002 Source: Univest Research Al Aman Investment Co 1.556 0.000 The total value of trades executed in the sector stood at KD 8,024 million, up by 7.24% month-on-month. The August-level allowed the First Investment Co 0.822 -0.003 sector to up its share to 29.55% of market's YTD traded value. The Al-Mal Investment Co 1.132 -0.002 average value per deal in the investments sector stood at KD 17,540, with National Investments Company (NINV.KSE) recording the highest Gulf Investment House 0.623 -0.000 average value per deal at KD 44,357. A'ayan Leasing & Investment 0.543 -0.000 In terms of value of transactions executed, EKTITAB continued to be in Bayan Investment Co 0.466 0.001 the lead accounting for 8.74% of the sector's total value of executed transaction. Al Madina Finance & Investment (ALMADINA.KSE) ranked Global Investment House 1.511 -0.001 second, replacing Al Safat Investment (ALSAFAT.KSE) that dropped to the fourth place. Osoul Leasing & Finance 0.578 -0.002

Gulf Invest International 0.609 -0.001

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Kuwait Monthly Economic Brief –August 2008

Table 1.11 Insurance Sector's Top Five: Ranked by Value Beta Alpha Deals Volume Value Kuwait Finance & Investment 0.943 -0.001 Gulf Insurance Co 42.00% 22.67% 35.75% KIPCO Asset Management 0.048 0.000 Al Ahleia Insurance Co 13.92% 19.48% 22.52% International Leasing & Investment Co 0.622 0.001 Warba Insurance Co 20.32% 24.22% 17.09% Kuwait Invest Holding 1.989 -0.002 Kuwait Insurance Co 16.24% 15.13% 13.62% National International Holding -0.054 -0.000 First Takaful Insurance Co 1.96% 11.20% 7.42% Housing Finance Co 0.646 0.001 Source: Kuwait Stock Exchange Al Madar Finance & Investment 0.874 0.000

Al Deera Holding 0.350 -0.003 The companies exhibiting the highest volatility in the sector were Kuwait Insurance Company (KINS.KSE) and Gulf Insurance Company Al Safat Investment 0.938 -0.000 (GINS.KSE) with a beta of 0.96 and 0.83 respectively.

Burgan Group 0.104 0.003 Table 1.12 Insurance Companies: Volatility vs. Risk

Ektitab Holding 1.348 -0.002 Beta Alpha

Iraq Holding 0.837 -0.000 Kuwait Insurance Co 0.957 -0.001

Soukouk Holding 0.955 -0.001 Gulf Insurance Co 0.826 -0.001

Al Madina Finance & Investment 2.095 -0.004 Al Ahleia Insurance Co -0.155 -0.000

Noor Financial Investment Co 1.555 -0.004 Warba Insurance Co -0.048 -0.000

Tamdeen Investment Co 2.020 -0.000 Kuwait Reinsurance Co 0.324 -0.001

Kuwait Bahrain International Exchange 0.812 0.001 First Takaful Insurance Co -0.226 0.000

Damac Kuwaiti Holding Co 0.653 -0.005 Source: Univest Research

Kuwait Syrian Holding Co 0.077 0.000 REAL ESTATE SECTOR Source: Univest Research The real estate sector's index closed at 7,345.20 points, losing just 46.00 points of its value since the July-close. YTD, the index managed to INSURANCE SECTOR record the highest increase in the market at 26.83%. The average value The insurance sector's index closed at 3,814.10 points, marking a drop per deal in the real estate sector stood at KD 14,975 of 0.92% month-on-month. YTD, the August-close constituted an increase of 11.05%. The average value per transaction stood at KD Chart 1.5 Real Estate Sector Value Index 11,159, with First Takaful Insurance Company (FTI.KSE) recording the 142.00 01/01/2008 - 08/31/2008 High: 8,129.40 (06/23/2008) highest average deal value at KD 42,247. 140.00 Close: 7,345.20 (08/31/2008) Low: 5,791.40 (01/02/2008) 138.00 136.00 Chart 1.4 Insurance Sector Value Index 134.00 132.00 130.00 128.00 01/01/2008 - 08/31/2008 High: 4,012.30 (06/30/2008) 128.00 126.00 Close: 3,814.10 (08/31/2008) Low: 3,310.30 (01/22/2008) 126.00 124.00 124.00 122.00 122.00 120.00 120.00 118.00 118.00 116.00 116.00 114.00 114.00 112.00 112.00 110.00 110.00 108.00 108.00 106.00 104.00 106.00 KSE Index 08 102.00 104.00 Real Estate Sector Index 08 100.00 14 per. Mov. Avg. (Real Estate Sector Index 08) 102.00 100.00 Source: Univest Research 98.00 96.00 94.00 The value of trades executed in the sector corresponded to KD 4,450 KSE Index 08 92.00 Insurance Sector Index 08 million, up by 8.75% from the July-level and accounting for 16.39% of 90.00 14 per. Mov. Avg. (Insurance Sector Index 08) total value traded on the exchange YTD. Volume wise, real estate securities accounted for 21.70% of total executed in the market YTD; the Source: Univest Research equivalent of 12,767 million shares.

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Kuwait Monthly Economic Brief –August 2008

ABYAAR.KSE Abyaar Real Estate Development Company ( ) replaced Al Beta Alpha Mazaya Holding Company (MAZAYA.KSE), ranking first, with MAZAYA and Injazzat Real Estate Company (INJAZZAT.KSE) ranking second and Grand Real Estate Projects 0.741 -0.003 third respectively. Tijara & Real Estate Investment 0.431 -0.001 Table 1.13 Real Estate Sector's Top Five: Ranked by Value Tameer real estate investment 1.691 -0.006 Deals Volume Value Arkan Al-Kuwait Real Estate Co 0.199 -0.001 Abyaar Real Estate Development Co 5.80% 6.01% 10.56% Source: Univest Research Al Mazaya Holding Co 4.61% 4.35% 10.50% INDUSTRIAL SECTOR Injazzat Real Estate Co 5.32% 5.92% 7.29% The industrial sector's index closed at 10,417.50 points, up by 2.54% on Mabanee Co 3.73% 1.74% 7.16% a monthly basis. YTD, the August-close marked a rise of 26.67%. The average value per deal in the industrial sector amounted to KD 19,571, National Real Estate Co 5.10% 3.70% 5.97% 9.23% higher than the general market average. Source: Kuwait Stock Exchange Chart 1.6 Industrial Sector Value Index Table 1.14 Real Estate Companies: Volatility vs. Risk 137.00 01/01/2008 - 08/31/2008 High: 11,045.20 (06/24/2008) Beta Alpha 135.00 Close: 10,417.50 (08/31/2008) Low: 8,223.90 (01/02/2008) 133.00 Kuwait Real Estate Co 1.201 -0.002 131.00 129.00 127.00 United Real Estate Co 1.160 0.000 125.00 123.00 National Real Estate Co 0.885 -0.000 121.00 119.00 Salhia Real Estate Co 0.611 0.000 117.00 115.00 Pearl Of Kuwait Real Estate Co 1.149 0.001 113.00 111.00 Tamdeen Real Estate Co 1.107 0.000 109.00 107.00 105.00 Int'l Investments Projects 1.568 -0.003 103.00 KSE Index 08 101.00 Ajial Real Estate Entertainment 0.532 0.000 Industrial Sector Index 08 99.00 14 per. Mov. Avg. (Industrial Sector Index 08)

Al Maseelah Real Estate 0.142 -0.001 Source: Univest Research

Arab Real Estate Co 1.324 -0.000 The total value of trades executed in the industrial sector stood at KD 2,720 million, up by 20.78% from the previous month's level. The Union Real Estate Co 0.150 -0.001 August-level upped the industrial sector's overall market share from Al-Enma'a Real Estate Co 1.464 0.000 9.02% to 10.02%.

Mabanee Co 0.000 0.000 MENA Holding Group (MENAHOLD.KSE), National Industries Group (NIND.KSE) and Boubyan Petrochemical Company (BPCC.KSE) Injazzat Real Estate Co 1.105 0.001 dominated the trading activity in terms of value, accounting for 66.24% of Jeezan Holding 1.799 -0.004 the sector's total and 6.64% of KSE total. In terms of volume, MENAHOLD was in the lead at 16.92%. Grand RE & Touristic Development 0.000 -0.001 Table 1.15 Industrial Sector's Top Five: Ranked by Value International Resorts Co 1.477 -0.001 Deals Volume Value The Commercial Real Estate Co 0.578 -0.002 MENA Holding Group 24.56% 16.92% 28.72% Sanam Real Estate Co 1.079 0.001 National Industries Group 10.87% 12.82% 24.81% A'ayan Real Estate Co 1.281 -0.001 Boubyan Petrochemical Co 6.11% 8.31% 12.71% Aqar Real Estate Co 0.597 -0.001 Salbookh Trading Co 8.67% 12.43% 4.84% Kuwait Real Estate Holding Co 1.035 -0.003 Equipment Holding Co 8.01% 10.76% 4.61% Al-Mazaya Holding Co 0.931 0.001 Source: Univest Research Al Dar National Real Estate Co 0.769 -0.001 Over the month of August, the industrial sector continued to exhibit more Al-Themar International Holding 1.328 -0.000 volatility than the rest of the market recording the highest beta at 1.19.

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Kuwait Monthly Economic Brief –August 2008

The industrial securities that recorded the highest beta in August were in Abraj Holding (ABRAJ.KSE), ZAIN and As Safwa Group Holding order: NIND, Global Investment House (GLOBAL.KSE) and Equipment (ALSAFWA.KSE) at KD 29,852, KD 27,966 and KD 24,910 respectively. Holding Company (EQUIPMENT.KSE) at 2.31, 2.09 and 1.78 respectively. Chart 1.7 Services Sector Value Index

135.00 01/01/2008 - 08/31/2008 High: 27,920.20 (06/24/2008) Table 1.16 Industrial Companies: Volatility vs. Risk 133.00 Close: 26,088.10 (08/31/2008) Low: 21,128.70 (01/02/2008) 131.00 Beta Alpha 129.00 127.00 National Industries Group 2.313 -0.004 125.00 123.00 Kuwait Pipes Industries & Oil Services 1.555 -0.004 121.00 119.00 Kuwait Cement Company 1.078 -0.001 117.00 115.00 Refrigeration Industries Co 1.045 -0.003 113.00 111.00 Gulf Cable & Electrical Industries Co 0.815 -0.002 109.00 107.00 Heavy Engineering and Shipbuilding Co 1.261 -0.001 105.00 103.00 Contracting & Marine Services Co 0.717 -0.002 101.00 KSE Index 08 Service Secrtor Index 08 99.00 14 per. Mov. Avg. (Service Secrtor Index 08) Kuwait Portland Cement Co 1.354 -0.004 Source: Univest Research Shuaiba Paper Products Co 1.057 0.001 YTD, the total value of trades executed in the services sector stood at Metal & Recycling Co 0.561 -0.001 KD 7,105 million, marking a monthly increase of 7.85%. The August- Kuwait Foundry Co 0.441 0.000 level accounted for 26.16% of the market's total traded value since the beginning of the year. Aerated Concrete Industries Co 0.381 0.002 ZAIN, ALSAFWA and ABRAJ dominated the trading activity in the sector for yet another month, accounting for 47.02% of total value of trade and United Industries Company 0.790 -0.003 36.78% of the volume traded. ALSAFWA, and MAYADEEN continued to Boubyan Petrochemical Company 1.346 -0.001 lead the market activity at 28.91% and 19.56% respectively.

Gulf Glass Manufacturing Co -0.102 -0.002 Table 1.17 Services Sector's Top Five: Ranked by Value

Hilal Cement Company 0.926 -0.004 Deals Volume Value

Al-Kout Industrial Projects Co 0.063 0.000 Mobile Telecommunications Co 13.69% 4.13% 20.95%

Kuwait Packing Materials Manufacturing Co 0.287 -0.002 As Safwa Group Holding 11.01% 28.91% 15.01%

Kuwait Building Materials Manufacturing -0.625 0.005 Public Warehousing Co 9.33% 3.74% 11.06%

National Industries Co for Building Material 0.736 0.001 Al Abraj Holding 6.74% 5.82% 11.00%

Gulf Rocks Company 0.243 0.002 National Ranges Co 6.16% 19.56% 8.03%

Equipment Holding Company 1.776 -0.000 Source: Kuwait Stock Exchange

Global Holding Group 2.086 0.011 The service sector's volatility indicator beta stood at 1.05, down from the National Company for Consumer Industries 0.642 -0.003 previous month's level of 1.07.The companies exhibiting the highest volatility in the sector – measured in terms of leveraged beta – were: KW Gypsum Manufacturing & Trading 0.042 -0.002 Public Warehousing Company (AGLTY.KSE), ABRAJ and Aref Energy Holding Company (AREFENRGY.KSE) at 1.78, 1.73 and 1.72 respectively. Qurain Petrochemical Industries 0.386 -0.002 Table 1.18 Services Companies: Volatility vs. Risk Salbookh Trading Co 1.019 -0.003 Beta Alpha Ikarus Petroleum Industries Co 1.121 -0.004 Kuwait National Cinema Co -0.184 -0.001

SERVICES SECTOR Kuwait Hotels Co 0.368 -0.000

The services sector's index closed at 26,088.10 points in August, losing Public Warehousing Co 1.779 -0.003 503 points of its value since last month's close. YTD, the service sector's index recorded a growth of 23.47%; the equivalent of 4,959.40 points. Kuwait Commercial Market Complex 1.644 -0.001

Mobile Telecommunication Co 1.509 -0.005 The average value per deal in the services sector corresponded to KD 18,276, with the highest levels recorded in this category recorded by: Al

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Kuwait Monthly Economic Brief –August 2008

Beta Alpha Beta Alpha

Hasibat Holding Co 0.000 0.000 Al-Mowasat Holding Co 0.993 0.002

Educational Holding Group 0.075 0.000 Haj & Umrah Services Consortium 1.108 -0.004

Independent Petroleum Group 0.750 -0.001 Oula Fuel Marketing Co 0.371 -0.002

National Cleaning Co. 0.396 0.000 Villa Moda Life Style 0.828 0.001

Sultan Center for Food Products 1.268 -0.002 Vending Network Co 0.570 -0.001

Arabi Holding Group 0.615 -0.003 Hayat Communications Co. 0.620 0.003

Transport & Warehousing Group Co 0.517 -0.001 Mubarrad Transport Co 0.787 0.000

National Mobile Telecommunications Co 0.981 -0.003 Kuwait Resorts Co 1.262 -0.001

Kuwait & Gulf Link Transport Co 0.974 -0.002 Advanced Technology Co 0.692 -0.000

Kuwait Cable Vision 0.221 -0.002 Yiaco Medical Co 0.019 -0.001

Automated Services Co 1.538 -0.001 Jazeera Airways Co 1.108 -0.004

National Petroleum Services Co -0.063 0.001 Source: Univest Research

KW Co for Process Plant & Contracting 0.077 -0.001 FOOD SECTOR Kuwait Slaughter House 0.139 -0.001 The food sector's index closed at 5,675.40 points, dropping by 4.86% Eyas for Higher & Technical Education 0.247 -0.000 month-on-months. YTD, the index continued with its downward trending movement losing 12.62% of its value since the beginning of the year. Nibras Holding Co 0.611 -0.001 The average value per deal in the sector stood at KD 12,011, down by 1.02% from the previous month's level. As Safwa Group Holding 1.536 0.001 Chart 1.8 Food Sector Value Index Human Soft Co 0.582 0.001 128.00 01/01/2008 - 08/31/2008 High: 7,086.60 (01/27/2008) Kuwait Privatization Project Holding 1.480 -0.002 126.00 Close: 5,675.40 (08/31/2008) Low: 5,675.40 (08/31/2008) 124.00 Institute for Private Education 0.000 0.000 122.00 120.00 National Slaughter House 0.361 0.003 118.00 116.00 Aref Energy Holding CO 1.719 0.005 114.00 112.00 Safwan Trading & Contracting 0.205 -0.000 110.00 108.00 Gulf Petroleum Investment Co 1.219 -0.004 106.00 104.00 102.00 Gulf Franchising Holding Co 1.486 -0.001 100.00 98.00 Credit Rating & Collection Co 0.130 -0.000 96.00 94.00 National Ranges Co 1.492 0.001 92.00 KSE Index 08 90.00 Food Sector Index 08 Burgan Co for well drilling 0.644 -0.001 14 per. Mov. Avg. (Food Sector Index 08) IFA Hotels & Resorts 0.832 -0.000 Source: Univest Research

Combined Group Contracting 0.654 -0.001 The total value of trades executed in the food sector amounted to KD 214 million, up by 3.38% month-on-month. The volume of shares traded Jeeran Holding 0.900 -0.001 in the sector also increased by 4.29% on a monthly basis reaching 656 Palms Agro Production Co 0.317 0.002 million by August-end.

Al-Safat Tec Holding Co 1.126 -0.001 Danah Al Safat Foodstuff Company (DANAH.KSE) continued to lead the sector both in terms of value and volume of trades, accounting for Mushrif Trading & Contracting Co 0.725 -0.004 77.79% and 84.03% of the sector's totals respectively. Ranking second was Kuwait Food Company (FOOD.KSE), accounting for 9.45% of value United Projects Group 0.738 -0.001 of trades and 1.02% of volume. Al Abraj Holding 1.729 -0.000

Aviation Lease And Finance Co 1.068 0.001

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Kuwait Monthly Economic Brief –August 2008

Table 1.19 Food Sector's Top Five: Ranked by Value GFH, GCEM and United Gulf Bank (UGB.KSE) dominated the trading activity in the sector, accounting for 40.03%, 10.78% and 9.51% of total Deals Volume Value value of trade respectively and 38.98% of the volume of shares traded. Danah Al Safat Foodstuff Co 71.19% 84.03% 77.79% Table 1.21 Non-Kuwaiti Sector's Top Five: Ranked by Value Kuwait Food Co 8.61% 1.02% 9.45% Deals Volume Value Livestock Transport & Trading Co 13.25% 8.94% 8.61% Gulf Finance House 27.88% 18.93% 40.03% Kuwait United Poultry Co 5.31% 5.29% 2.61% Gulf Cement Co 10.56% 10.54% 10.78% Kout Food Group 1.06% 0.30% 0.79% United Gulf Bank 10.45% 8.41% 9.51% Source: Kuwait Stock Exchange Fujairah Cement Industries Co 9.45% 10.71% 9.50%

DANAH recorded the highest beta in the sector at 0.64, while Kuwait Al Khaleej Development Co 9.32% 9.21% 9.49% United Poultry Company (POULT.KSE) continued to record the only negative beta at -0.001. Source: Kuwait Stock Exchange

Table 1.20 Food Companies: Volatility vs. Risk The Non-Kuwaiti sector's volatility indicator beta stood at 0.90, up from the July-level of 0.88. Egypt Kuwait Holding (EKHOLDING.KSE) followed Beta Alpha by GFH and GCEM recorded the highest beta in the sector at 1.90, 1.83 Livestock Transport & Trading Co 0.273 -0.001 and 1.17 respectively.

Danah Al Safat Foodstuff Co 0.644 -0.003 Table 1.22 Non-Kuwaiti Companies: Volatility vs. Risk

Kuwait United Poultry Co 0.319 -0.001 Beta Alpha

Kuwait Food Co (Americana) 0.030 -0.003 Shuaa Capital 0.557 -0.001

United Food Industries Group -0.001 -0.001 Sharjah Cement & Industrial Development -0.047 0.000

Kout Food Group 0.264 -0.002 Gulf Cement Co 1.165 -0.002

Source: Univest Research Umm Al Qaiwain Cement Industries Co 0.563 -0.001

Fujairah Cement Industries Co 1.004 0.001 NON-KUWAITI SECTOR White Cement 0.834 -0.001 The non-Kuwaiti securities' index closed at 12,377.30 points, down by 7.94% month-on-month. YTD, however, the August-close constituted an Arab Insurance Group 0.011 0.000 increase of 11.85%. United Gulf Bank 1.034 0.000 Chart 1.9 Non-Kuwaiti Sector Value Index Egypt Kuwait Holding 1.901 -0.001

130.00 01/01/2008 - 08/31/2008 High: 14,216.50 (06/08/2008) Close: 12,377.30 (08/31/2008) Low: 11,065.70 (01/02/2008) Bahrain Kuwait Insurance Company 0.000 0.000 128.00 126.00 Gulf Finance House 1.828 -0.002 124.00 122.00 Commercial International Bank 0.024 0.000 120.00 Al Khaleej Development 0.581 0.002 118.00 116.00 Ahli United Bank 0.835 -0.002 114.00 112.00 Bank of Bahrain & Kuwait 0.150 -0.000 110.00 Ithmar Bank 0.817 -0.002 108.00 106.00 Source: Univest Research 104.00 102.00 KSE Index 08 Non-Kuwaiti Sector Index 08 100.00 14 per. Mov. Avg. (Non-Kuwaiti Sector Index 08)

Source: Univest Research

The average value per deal stood at 20,734, with Bank of Bahrain & Kuwait (BBK.KSE), Gulf Finance House (GFH.KSE) and Gulf Cement Company (GCEM.KSE) recording the highest per deal value at KD 182,277, KD 29,769 and KD 20,980 respectively.

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Kuwait Monthly Economic Brief – August 2008

Transactions Volume (000) Value (000) Price Average Value Outstanding Shares Market Cap (000) MTM Company No Ticker per Transaction Sector Market Sector Market Sector Market Close YTD Sector Market Sector Market

Banking Sector 84,518 5.74% 1,885,880 3.21% 2,867,797 10.56% 33,931 12,182,213 14.63% 17,150,075 31.52%

▼ National Bank of Kuwait 101 NBK 16.76% 0.96% 19.42% 0.62% 26.26% 2.77% 1,780 -13.59% 53,186 22.19% 3.25% 28.06% 8.84%

▼ Gulf Bank of Kuwait 102 GBK 6.85% 0.39% 5.21% 0.17% 5.38% 0.57% 1,160 -32.56% 26,642 10.20% 1.49% 8.40% 2.65%

▼ Commercial Bank of Kuwait 103 CBK 6.00% 0.34% 6.81% 0.22% 6.99% 0.74% 1,220 -18.67% 39,590 10.43% 1.53% 9.04% 2.85%

▲ Al-Ahli Bank 104 ABK 2.58% 0.15% 1.96% 0.06% 1.53% 0.16% 1,180 -10.61% 20,052 8.99% 1.31% 7.53% 2.37%

- Bank of Kuwait & Middle East 105 BKME 3.90% 0.22% 3.24% 0.10% 1.55% 0.16% 680 -17.07% 13,485 6.93% 1.01% 3.35% 1.06%

▼ Kuwait International Bank 106 KIB 8.56% 0.49% 13.60% 0.44% 5.95% 0.63% 490 -28.99% 23,566 7.04% 1.03% 2.45% 0.77%

▼ Burgan Bank 107 BURG 11.06% 0.64% 15.93% 0.51% 11.47% 1.21% 950 -5.00% 35,184 7.77% 1.14% 5.24% 1.65%

▼ Boubyan Bank K.S.C. 109 BOUBYAN 17.42% 1.00% 17.86% 0.57% 8.07% 0.85% 520 -27.78% 15,715 9.57% 1.40% 3.53% 1.11%

▼ Kuwait Finance House 108 KFIN 26.89% 1.54% 15.97% 0.51% 32.81% 3.47% 2,700 -6.25% 41,408 16.89% 2.47% 32.40% 10.21%

Investments Sector 457,476 31.09% 19,785,977 33.64% 8,024,233 29.55% 17,540 20,484,236 24.61% 8,977,234 16.50%

▼ Kuwait Investment Company 201 KNIV 0.32% 0.10% 0.24% 0.08% 0.28% 0.08% 365 -23.96% 14,889 2.56% 0.63% 2.13% 0.35%

▼ Commercial Facilities Company 202 FACIL 0.34% 0.11% 0.19% 0.06% 0.27% 0.08% 435 -23.68% 13,983 2.57% 0.63% 2.55% 0.42%

▼ International Financial Advisors 203 IFA 2.60% 0.81% 1.14% 0.38% 2.04% 0.60% 355 -60.11% 13,736 2.11% 0.52% 1.71% 0.28%

- National Investments Company 204 NINV 1.43% 0.44% 1.72% 0.58% 3.62% 1.07% 760 -5.00% 44,357 3.83% 0.94% 6.65% 1.10%

▼ Kuwait Projects Company 205 KPROJ 3.96% 1.23% 3.15% 1.06% 8.60% 2.54% 1,120 28.74% 38,148 5.43% 1.34% 13.87% 2.29%

▼ Al-Ahlia Holding 206 AINV 2.83% 0.88% 2.57% 0.86% 1.53% 0.45% 208 -1.89% 9,446 3.79% 0.93% 1.80% 0.30%

▼ Coast Investment & Development 207 COAST 1.61% 0.50% 1.15% 0.39% 1.05% 0.31% 260 -35.00% 11,488 2.54% 0.63% 1.51% 0.25%

▼ The International Investor 208 TII 2.68% 0.83% 2.90% 0.98% 1.86% 0.55% 154 -30.63% 12,161 2.18% 0.54% 0.77% 0.13%

▼ The Securities House 209 SECH 0.64% 0.20% 0.72% 0.24% 1.36% 0.40% 600 -23.08% 37,030 3.20% 0.79% 4.38% 0.72%

▼ Industrial & Financial Investments 210 IIC 0.70% 0.22% 0.99% 0.33% 0.51% 0.15% 178 -10.10% 12,896 2.00% 0.49% 0.81% 0.13%

- Securities Group Company 211 SGC 1.12% 0.35% 0.81% 0.27% 1.05% 0.31% 395 -16.84% 16,469 1.25% 0.31% 1.12% 0.19%

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Kuwait Monthly Economic Brief – August 2008

▲ International Finance Company 212 IFC 0.60% 0.19% 0.26% 0.09% 0.22% 0.06% 290 -50.00% 6,451 2.15% 0.53% 1.42% 0.23%

▼ Kuwait Financial Center 213 MARKAZ 1.09% 0.34% 0.88% 0.30% 0.73% 0.22% 250 -30.56% 11,672 2.31% 0.57% 1.32% 0.22%

▼ Kuwait And Middle East Financial Investment 214 KMEFI 0.05% 0.02% 0.05% 0.02% 0.07% 0.02% 490 -16.95% 24,488 1.16% 0.28% 1.29% 0.21%

▼ International Investment Group 215 IIG 4.54% 1.41% 3.45% 1.16% 2.42% 0.72% 192 -38.06% 9,361 1.78% 0.44% 0.78% 0.13%

▼ AREF Investment Group 216 AIG 2.02% 0.63% 1.52% 0.51% 2.13% 0.63% 375 -29.25% 18,482 2.36% 0.58% 2.02% 0.33%

▼ The Investment Dar 217 TID 3.32% 1.03% 1.45% 0.49% 3.71% 1.10% 790 -22.55% 19,574 3.73% 0.92% 6.72% 1.11%

▼ Al Aman Investment Company 218 ALAMAN 2.38% 0.74% 3.32% 1.12% 2.25% 0.67% 275 19.57% 16,588 2.20% 0.54% 1.38% 0.23%

▼ First Investment Company 219 ALOLA 1.90% 0.59% 1.73% 0.58% 1.86% 0.55% 320 -36.00% 17,162 3.12% 0.77% 2.28% 0.38%

▼ Al-Mal Investment Company 220 ALMAL 2.84% 0.88% 4.52% 1.52% 3.50% 1.03% 250 -13.79% 21,612 2.58% 0.63% 1.47% 0.24%

▼ Gulf Investment House 221 GIH 1.42% 0.44% 1.85% 0.62% 1.29% 0.38% 246 -1.60% 16,022 2.05% 0.50% 1.15% 0.19%

▼ A'ayan Leasing & Investment 222 AAYAN 2.48% 0.77% 2.65% 0.89% 3.44% 1.02% 465 -2.11% 24,354 2.96% 0.73% 3.14% 0.52%

▼ Bayan Investment Company 223 BAYANINV 3.74% 1.16% 2.79% 0.94% 2.39% 0.71% 320 18.52% 11,190 1.74% 0.43% 1.27% 0.21%

▼ Global Investment House 224 GLOBAL 3.02% 0.94% 2.00% 0.67% 5.19% 1.53% 980 -1.01% 30,176 6.08% 1.50% 13.59% 2.24%

▼ Osoul Leasing & Finance 225 OSOUL 1.87% 0.58% 2.66% 0.89% 1.11% 0.33% 134 -25.56% 10,382 1.54% 0.38% 0.47% 0.08%

▼ Gulf Invest International 226 GULFINVEST 2.05% 0.64% 2.66% 0.89% 1.44% 0.42% 178 -4.30% 12,329 2.29% 0.56% 0.93% 0.15%

▲ Kuwait Finance & Investment 227 KFIC 1.57% 0.49% 1.20% 0.40% 1.18% 0.35% 345 -13.75% 13,268 1.71% 0.42% 1.34% 0.22%

▼ KIPCO Asset Management 228 KAMCO 0.32% 0.10% 0.11% 0.04% 0.22% 0.06% 750 1.35% 11,857 1.26% 0.31% 2.16% 0.36%

▼ International Leasing & Investment Company 229 ILIC 3.30% 1.02% 3.31% 1.11% 4.52% 1.34% 425 -15.00% 24,063 1.39% 0.34% 1.35% 0.22%

▲ Kuwait Invest Holding 230 KTINVEST 2.24% 0.70% 1.43% 0.48% 1.81% 0.53% 455 -3.19% 14,114 1.28% 0.31% 1.33% 0.22%

▼ National International Holding 231 NIH 0.11% 0.04% 0.33% 0.11% 0.26% 0.08% 300 -13.04% 39,812 0.77% 0.19% 0.53% 0.09%

- Housing Finance Company 232 ISKAN 0.40% 0.13% 0.23% 0.08% 0.18% 0.05% 265 -10.17% 7,883 1.37% 0.34% 0.83% 0.14%

▼ Al Madar Finance & Investment 233 MADAR 0.86% 0.27% 0.50% 0.17% 0.35% 0.10% 300 1.69% 7,094 1.63% 0.40% 1.12% 0.18%

▲ Al Deera Holding 234 ALDEERA 0.46% 0.14% 0.18% 0.06% 0.25% 0.07% 405 -42.14% 9,490 1.71% 0.42% 1.58% 0.26%

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Kuwait Monthly Economic Brief – August 2008

▼ Al Safat Investment 235 ALSAFAT 5.55% 1.73% 4.09% 1.37% 8.20% 2.42% 680 -4.23% 25,902 3.10% 0.76% 4.81% 0.79%

▲ Burgan Group 236 BURGANGRP 1.22% 0.38% 0.64% 0.22% 1.32% 0.39% 780 47.17% 19,022 0.28% 0.07% 0.49% 0.08%

▼ Ektitab Holding 237 EKTTITAB 10.67% 3.32% 13.76% 4.63% 8.74% 2.58% 200 -14.53% 14,373 2.29% 0.56% 1.05% 0.17%

▼ Al Qurain Holding 238 QURAINHLD 2.94% 0.91% 6.49% 2.18% 2.53% 0.75% 136 3.03% 15,128 2.93% 0.72% 0.91% 0.15%

▼ Soukouk Holding 239 SOKOUK 5.63% 1.75% 10.73% 3.61% 3.66% 1.08% 132 -4.35% 11,383 4.88% 1.20% 1.47% 0.24%

▼ Al Madina Finance & Investment 240 ALMADINA 6.53% 2.03% 5.24% 1.76% 8.61% 2.54% 400 -42.86% 23,116 0.86% 0.21% 0.78% 0.13%

▼ Noor Financial Investment Company 241 NOOR 2.21% 0.69% 1.39% 0.47% 1.69% 0.50% 345 -34.91% 13,453 2.44% 0.60% 1.92% 0.32%

▼ Tamdeen Investment Company 242 TAMINV 2.67% 0.83% 1.37% 0.46% 1.56% 0.46% 395 16.18% 10,272 1.38% 0.34% 1.25% 0.21%

▲ Kuwait Bahrain International Exchange 243 EXCH 0.22% 0.07% 0.11% 0.04% 0.08% 0.02% 300 13.21% 6,394 0.21% 0.05% 0.15% 0.02%

▼ Damac Kuwaiti Holding Company 244 DAMACKWT 0.71% 0.22% 0.48% 0.16% 0.36% 0.11% 184 -36.55% 8,965 0.88% 0.22% 0.37% 0.06%

▼ Kuwait Syrian Holding Company 245 KSHC 0.84% 0.26% 1.08% 0.36% 0.56% 0.17% 184 -15.60% 11,794 0.15% 0.04% 0.06% 0.01%

Insurance Sector 2,500 0.17% 46,715 0.08% 27,897 0.10% 11,159 973,383 1.17% 476,675 0.88%

▼ Kuwait Insurance Company 301 KINS 16.24% 0.03% 15.13% 0.01% 13.62% 0.01% 490 -15.52% 9,357 19.93% 0.23% 19.95% 0.17%

▼ Gulf Insurance Company 302 GINS 42.00% 0.07% 22.67% 0.02% 35.75% 0.04% 770 -9.41% 9,499 16.80% 0.20% 26.42% 0.23%

▼ Al Ahleia Insurance Company 303 AINS 13.92% 0.02% 19.48% 0.02% 22.52% 0.02% 690 -8.00% 18,053 14.60% 0.17% 20.57% 0.18%

- Warba Insurance Company 304 WINS 20.32% 0.03% 24.22% 0.02% 17.09% 0.02% 385 -11.49% 9,383 16.74% 0.20% 13.16% 0.12%

▲ Kuwait Reinsurance Company 305 KUWAITRE 3.40% 0.01% 4.60% 0.00% 2.61% 0.00% 320 -12.33% 8,578 10.23% 0.12% 6.68% 0.06%

- First Takaful Insurance Company 306 FTI 1.96% 0.00% 11.20% 0.01% 7.42% 0.01% 395 1.28% 42,247 10.38% 0.12% 8.37% 0.07%

- Wethaq Takaful Insurance Company 307 WETHAQ 2.16% 0.00% 2.70% 0.00% 0.99% 0.00% 210 -7.89% 5,106 11.33% 0.13% 4.86% 0.04%

Real Estate Sector 297,142 20.20% 12,766,668 21.70% 4,449,804 16.39% 14,975 14,221,068 17.08% 4,357,712 8.01%

▼ Kuwait Real Estate Company 401 KRE 4.80% 0.97% 5.74% 1.24% 3.39% 0.56% 160 -23.81% 10,575 5.80% 0.99% 3.03% 0.24%

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Kuwait Monthly Economic Brief – August 2008

▼ United Real Estate Company 402 URC 2.23% 0.45% 2.84% 0.62% 1.49% 0.24% 156 -12.36% 10,030 5.53% 0.95% 2.82% 0.23%

▼ National Real Estate Company 403 NRE 5.10% 1.03% 3.70% 0.80% 5.97% 0.98% 510 3.03% 17,533 5.20% 0.89% 8.66% 0.69%

▼ Salhia Real Estate Company 404 SRE 1.20% 0.24% 0.62% 0.14% 1.04% 0.17% 470 -14.55% 13,020 2.55% 0.44% 3.91% 0.31%

▼ Pearl of Kuwait Real Estate Company 405 PEARL 2.85% 0.58% 3.03% 0.66% 2.61% 0.43% 300 48.51% 13,729 1.61% 0.27% 1.57% 0.13%

▼ Tamdeen Real Estate Company 406 TAM 2.29% 0.46% 1.17% 0.25% 1.75% 0.29% 475 10.47% 11,465 2.39% 0.41% 3.70% 0.30%

▼ Internatioanl Investments Projects 407 IIPC 8.10% 1.64% 8.43% 1.83% 4.68% 0.77% 142 -31.07% 8,648 4.21% 0.72% 1.95% 0.16%

- Ajial Real Estate Entertainment 408 AREEC 0.14% 0.03% 0.08% 0.02% 0.10% 0.02% 455 9.64% 10,585 1.18% 0.20% 1.75% 0.14%

- Al Maseelah Real Estate 409 MREC 0.34% 0.07% 0.32% 0.07% 0.19% 0.03% 176 -14.56% 8,321 1.51% 0.26% 0.87% 0.07%

▼ Arab Real Estate Company 410 ARABREC 5.23% 1.06% 7.46% 1.62% 4.29% 0.70% 166 13.70% 12,298 3.27% 0.56% 1.77% 0.14%

- Union Real Estate Company 411 UREC 0.02% 0.00% 0.03% 0.01% 0.02% 0.00% 192 -10.28% 12,962 1.35% 0.23% 0.84% 0.07%

▼ Al-Enma'a Real Estate Company 412 ERESCO 3.16% 0.64% 4.17% 0.91% 3.25% 0.53% 250 26.26% 15,433 3.02% 0.52% 2.46% 0.20%

▼ Mabanee Company 413 MABANEE 3.73% 0.75% 1.74% 0.38% 7.16% 1.17% 1,500 11.94% 28,757 2.94% 0.50% 14.37% 1.15%

▼ Injazzat Real Estate Company 414 INJAZZAT 5.32% 1.07% 5.92% 1.29% 7.29% 1.19% 440 29.41% 20,538 2.28% 0.39% 3.28% 0.26%

▼ Jeezan Holding 415 JEEZAN 7.11% 1.44% 4.37% 0.95% 3.57% 0.58% 158 -39.23% 7,514 1.59% 0.27% 0.82% 0.07%

▼ Investors Holding Group Company 416 INVESTORS 5.73% 1.16% 7.87% 1.71% 3.04% 0.50% 116 -14.71% 7,927 7.03% 1.20% 2.66% 0.21%

▼ International Resorts Company 417 IRC 4.50% 0.91% 5.36% 1.16% 3.72% 0.61% 190 -8.65% 12,376 1.09% 0.19% 0.67% 0.05%

▼ The Commercial Real Estate Company 418 ALTIJARIA 1.69% 0.34% 3.87% 0.84% 2.88% 0.47% 218 -19.26% 25,570 10.18% 1.74% 7.24% 0.58%

▼ Sanam Real Estate Company 419 SANAM 0.73% 0.15% 0.53% 0.11% 0.53% 0.09% 325 14.04% 10,715 0.85% 0.15% 0.91% 0.07%

▼ A'ayan Real Estate Company 420 AAYANRE 3.15% 0.64% 2.36% 0.51% 2.02% 0.33% 255 -7.27% 9,589 2.51% 0.43% 2.09% 0.17%

▼ Aqar Real Estate Company 421 AQAR 0.86% 0.17% 1.26% 0.27% 0.56% 0.09% 144 -6.49% 9,772 1.51% 0.26% 0.71% 0.06%

▼ Kuwait Real Estate Holding Company 422 ALAQARIA 0.86% 0.17% 0.85% 0.18% 0.47% 0.08% 146 -29.13% 8,233 2.11% 0.36% 1.01% 0.08%

▼ Al-Mazaya Holding Company 423 MAZAYA 4.61% 0.93% 4.35% 0.94% 10.50% 1.72% 900 36.36% 34,131 2.62% 0.45% 7.70% 0.62%

▼ Al Dar National Real Estate Company 424 ADNC 1.85% 0.37% 1.68% 0.36% 1.52% 0.25% 136 -5.56% 12,274 2.95% 0.50% 1.31% 0.10%

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Kuwait Monthly Economic Brief – August 2008

▼ Al-Themar International Holding 425 THEMAR 1.65% 0.33% 3.68% 0.80% 1.65% 0.27% 136 9.68% 15,002 7.12% 1.22% 3.16% 0.25%

▼ Grand Real Estate Projects 426 GRAND 6.43% 1.30% 4.19% 0.91% 3.37% 0.55% 196 -36.77% 7,856 2.56% 0.44% 1.64% 0.13%

▼ Tijara& Realestate Investment Company 427 TIJARA 0.73% 0.15% 1.03% 0.22% 0.54% 0.09% 154 -6.10% 10,982 2.70% 0.46% 1.36% 0.11%

▼ Tameer real estate investment 428 TAMEERK 0.97% 0.20% 1.12% 0.24% 3.39% 0.56% 160 17.65% 52,344 1.65% 0.28% 0.86% 0.07%

▲ Arkan Al-kuwait Real Estate Company 429 ARKAN 0.43% 0.09% 0.61% 0.13% 0.32% 0.05% 164 -17.17% 11,323 1.54% 0.26% 0.83% 0.07%

▼ Safat Global Holding 430 SAFATGLB 1.26% 0.25% 0.52% 0.11% 0.67% 0.11% 510 47.83% 8,006 0.21% 0.04% 0.35% 0.03%

▼ Alargan International Real Estate Company 431 ARGAN 2.29% 0.46% 1.91% 0.41% 3.11% 0.51% 610 67.12% 20,339 1.86% 0.32% 3.71% 0.30%

▼ Abyaar Real Estate Development Company 432 ABYAAR 5.80% 1.17% 6.01% 1.30% 10.56% 1.73% 690 79.22% 27,278 3.39% 0.58% 7.64% 0.61%

▼ Munshaat Real Estate Projects Company 433 MUNSHAAT 3.62% 0.73% 2.59% 0.56% 3.12% 0.51% 290 -44.23% 12,909 2.26% 0.39% 2.14% 0.17%

▼ First Dubai for Real Estate Development Company 434 FIRSTDUBAI 1.23% 0.25% 0.60% 0.13% 1.22% 0.20% 480 -12.73% 14,759 1.41% 0.24% 2.21% 0.18%

Industrial Sector 138,964 9.44% 3,190,407 5.42% 2,719,656 10.02% 19,571 6,473,053 7.78% 4,790,598 8.80%

▼ National Industries Group 501 NIND 10.87% 1.03% 12.82% 0.70% 24.81% 2.49% 1,120 -32.53% 44,682 18.19% 1.41% 27.53% 2.42%

▼ Kuwait Pipes Industries & Oil Services 502 PIPE 4.16% 0.39% 3.60% 0.20% 2.17% 0.22% 335 -36.79% 10,224 3.32% 0.26% 1.50% 0.13%

▼ Kuwait Cement Company 503 KCEM 0.87% 0.08% 0.63% 0.03% 1.10% 0.11% 1,300 -5.80% 24,580 7.40% 0.58% 13.00% 1.14%

▼ Refrigeration Industries Company 504 REFRI 1.36% 0.13% 1.08% 0.06% 0.52% 0.05% 300 -33.33% 7,493 1.20% 0.09% 0.48% 0.04%

▼ Gulf Cable & Electrical Industries Company 505 CABLE 1.31% 0.12% 1.07% 0.06% 3.40% 0.34% 2,440 -27.38% 50,727 2.57% 0.20% 8.48% 0.75%

▼ Heavy Engineering and Shipbuilding Company 506 SHIP 2.04% 0.19% 1.65% 0.09% 1.07% 0.11% 480 -4.00% 10,235 2.09% 0.16% 1.35% 0.12%

▼ Contracting & Marine Services Company 507 MARIN 0.53% 0.05% 0.22% 0.01% 0.17% 0.02% 530 -28.38% 6,102 2.78% 0.22% 1.99% 0.18%

▼ Kuwait Portland Cement Company 508 PCEM 3.37% 0.32% 1.01% 0.05% 1.34% 0.13% 710 -39.83% 7,795 1.16% 0.09% 1.11% 0.10%

▲ Shuaiba Paper Products Company 509 PAPER 1.26% 0.12% 1.02% 0.06% 0.39% 0.04% 320 20.75% 6,038 1.04% 0.08% 0.45% 0.04%

▲ Metal & Recycling Company 510 MRC 3.17% 0.30% 1.73% 0.09% 1.09% 0.11% 530 -18.46% 6,704 1.19% 0.09% 0.85% 0.08%

▼ Kuwait Foundry Company 511 MFOUC 0.15% 0.01% 0.10% 0.01% 0.17% 0.02% 1,360 6.25% 21,056 1.55% 0.12% 2.84% 0.25%

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Kuwait Monthly Economic Brief – August 2008

▼ Aerated Concrete Industries Company 512 ACICO 3.15% 0.30% 2.96% 0.16% 2.56% 0.26% 840 52.73% 15,916 3.01% 0.23% 3.42% 0.30%

▲ United Industries Company 513 UIC 3.88% 0.37% 5.04% 0.27% 1.88% 0.19% 224 -39.46% 9,467 3.80% 0.30% 1.15% 0.10%

▼ Boubyan Petrochemical Company 514 BPCC 6.11% 0.58% 8.31% 0.45% 12.71% 1.27% 1,100 -1.79% 40,727 7.14% 0.55% 10.61% 0.93%

- Gulf Glass Manufacturing Company 515 GGMC 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 480 -25.00% 3,350 0.54% 0.04% 0.35% 0.03%

▼ Hilal Cement Company 516 HCC 0.57% 0.05% 0.14% 0.01% 0.15% 0.02% 520 -45.83% 5,253 0.51% 0.04% 0.36% 0.03%

▼ Al-Kout Industrial Projects Company 517 ALKOUT 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 510 2.00% 13,417 1.36% 0.11% 0.94% 0.08%

▼ Kuwait Packing Materials Manufacturing Company 518 KPAK 0.05% 0.00% 0.11% 0.01% 0.11% 0.01% 650 -27.78% 45,580 0.59% 0.05% 0.52% 0.05%

▲ Kuwait Building Materials Manufacturing 519 KBMMC 0.12% 0.01% 0.11% 0.01% 0.05% 0.01% 620 77.14% 8,689 0.41% 0.03% 0.34% 0.03%

▲ National Industries Company for Building Material 520 NICBM 0.80% 0.08% 0.85% 0.05% 0.55% 0.05% 550 18.28% 13,433 5.30% 0.41% 3.94% 0.35%

▲ Gulf Rocks Company 521 ROCKS 1.19% 0.11% 0.60% 0.03% 0.48% 0.05% 640 14.29% 7,962 0.58% 0.05% 0.50% 0.04%

▼ Equipment Holding Companhy 522 EQUIPMENT 8.01% 0.76% 10.76% 0.58% 4.61% 0.46% 350 16.67% 11,276 1.92% 0.15% 0.91% 0.08%

▲ MENA Holding Group 523 MENAHOLD 24.56% 2.32% 16.92% 0.92% 28.72% 2.88% 1,840 607.69% 22,886 1.55% 0.12% 3.84% 0.34%

▲ National Company for Consumer Industries 524 NCCI 4.57% 0.43% 6.41% 0.35% 2.13% 0.21% 310 -39.22% 9,128 0.46% 0.04% 0.19% 0.02%

- KW Gypsum Manufacturing & Trading 525 GYPSUM 0.16% 0.01% 0.10% 0.01% 0.04% 0.00% 300 -29.41% 4,768 0.46% 0.04% 0.19% 0.02%

▼ Qurain Petrochemical Industries 526 ALQURAIN 6.38% 0.60% 6.60% 0.36% 3.12% 0.31% 340 -23.60% 9,581 16.99% 1.32% 7.81% 0.69%

▼ Salbookh Trading Company 527 SALBOOKH 8.67% 0.82% 12.43% 0.67% 4.84% 0.48% 232 -38.13% 10,916 1.32% 0.10% 0.41% 0.04%

▼ Ikarus Petroleum Industries Company 528 IKARUS 2.70% 0.26% 3.72% 0.20% 1.83% 0.18% 315 -19.23% 13,239 11.59% 0.90% 4.93% 0.43%

Services Sector 388,748 26.42% 16,967,420 28.85% 7,104,748 26.16% 18,276 15,883,028 19.08% 12,452,348 22.88%

▼ Kuwait National Cinema Company 601 KCIN 0.04% 0.01% 0.01% 0.00% 0.02% 0.00% 880 -24.14% 7,942 0.63% 0.12% 0.71% 0.16%

- Kuwait Hotels Company 602 KHOT 0.04% 0.01% 0.04% 0.01% 0.03% 0.01% 255 -5.56% 11,436 0.31% 0.06% 0.10% 0.02%

▼ Public Warehousing Company 603 AGLTY 9.33% 2.47% 3.74% 1.08% 11.06% 2.89% 1,040 -24.64% 21,644 5.99% 1.14% 7.95% 1.82%

▼ Kuwait Commercial Market Complex 604 SHOP 1.26% 0.33% 0.91% 0.26% 1.04% 0.27% 430 11.69% 15,004 1.46% 0.28% 0.80% 0.18%

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Kuwait Monthly Economic Brief – August 2008

▲ Mobile Telecommunication Company 605 ZAIN 13.69% 3.62% 4.13% 1.19% 20.95% 5.48% 1,720 -54.97% 27,966 26.31% 5.02% 57.73% 13.21%

- Hasibat Holding Company 606 COMP 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 300 0.00% 0.38% 0.07% 0.14% 0.03%

▲ Educatinal Holding Group 607 EDU 1.24% 0.33% 0.99% 0.29% 0.62% 0.16% 265 1.92% 9,109 1.54% 0.29% 0.52% 0.12%

▼ Independent Petroleum Group 608 IPG 0.28% 0.07% 0.18% 0.05% 0.18% 0.05% 375 -15.73% 11,759 0.96% 0.18% 0.46% 0.10%

▼ National Cleaning Company. 609 CLEANING 0.40% 0.11% 0.20% 0.06% 0.19% 0.05% 400 1.27% 8,642 0.31% 0.06% 0.16% 0.04%

▼ Sultan Center for Food Products 610 SULTAN 3.95% 1.04% 2.16% 0.62% 2.30% 0.60% 360 -15.29% 10,641 3.31% 0.63% 1.52% 0.35%

▼ Arabi Holding Group 611 AGHC 0.82% 0.22% 0.33% 0.09% 0.25% 0.06% 260 -37.35% 5,475 0.83% 0.16% 0.28% 0.06%

▼ Transport & Warehousing Group Company 612 TRANSPORT 0.18% 0.05% 0.03% 0.01% 0.05% 0.01% 620 -13.89% 5,481 0.62% 0.12% 0.49% 0.11%

▼ National Mobile Telecommunications Company 613 NMTC 1.99% 0.53% 0.30% 0.09% 1.83% 0.48% 1,860 -29.55% 16,753 3.16% 0.60% 7.49% 1.71%

▼ Kuwait & Gulf Link Transport Company 614 KGL 1.41% 0.37% 0.54% 0.16% 0.60% 0.16% 350 -28.57% 7,811 1.29% 0.25% 0.58% 0.13%

▼ Kuwait Cable Vision 615 CABLETV 0.02% 0.00% 0.01% 0.00% 0.00% 0.00% 136 -26.09% 4,781 0.36% 0.07% 0.06% 0.01%

▲ Automated Services Company 616 ASC 0.28% 0.07% 0.05% 0.02% 0.08% 0.02% 540 1.89% 4,977 0.25% 0.05% 0.17% 0.04%

- National Petroleum Services Company 617 NAPESCO 0.09% 0.02% 0.04% 0.01% 0.03% 0.01% 360 4.35% 7,358 0.33% 0.06% 0.15% 0.03%

▼ Kuwait Company for Process Plant & Contracting 618 KCPC 0.08% 0.02% 0.03% 0.01% 0.02% 0.01% 300 -14.29% 5,290 0.26% 0.05% 0.10% 0.02%

- Kuwait Slaughter House 619 KSH 0.01% 0.00% 0.01% 0.00% 0.00% 0.00% 330 -17.50% 9,328 0.23% 0.04% 0.10% 0.02%

- Eyas for Higher & Technial Education 620 EYAS 0.02% 0.01% 0.04% 0.01% 0.03% 0.01% 300 0.00% 23,609 0.69% 0.13% 0.27% 0.06%

- Hits Telecom Holding 621 HITSTELEC 4.41% 1.16% 3.06% 0.88% 2.95% 0.77% 360 -33.33% 12,233 1.05% 0.20% 0.48% 0.11%

▼ As Safwa Group Holding 622 ALSAFWA 11.01% 2.91% 28.91% 8.34% 15.01% 3.93% 224 33.33% 24,910 6.30% 1.20% 1.80% 0.41%

▲ Human Soft Company 623 HUMANSOFT 0.45% 0.12% 0.33% 0.09% 0.23% 0.06% 315 23.53% 9,318 0.72% 0.14% 0.29% 0.07%

▼ Kuwait Privatization Project Holding 624 KPPC 2.35% 0.62% 3.87% 1.12% 2.18% 0.57% 180 -14.29% 16,962 4.76% 0.91% 1.09% 0.25%

- Institute for Private Education 625 IPE 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 340 0.00% 0.14% 0.03% 0.06% 0.01%

▼ National Slaughter House 626 NSH 0.01% 0.00% 0.01% 0.00% 0.01% 0.00% 355 70.67% 9,198 0.18% 0.03% 0.08% 0.02%

▲ Aref Energy Holding Company 627 AREFENRGY 1.95% 0.52% 1.17% 0.34% 1.01% 0.26% 410 105.00% 9,445 4.72% 0.90% 2.47% 0.57%

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Kuwait Monthly Economic Brief – August 2008

▼ Safwan Trading & Contracting 628 SAFWAN 0.15% 0.04% 0.06% 0.02% 0.04% 0.01% 305 -7.58% 5,320 0.31% 0.06% 0.12% 0.03%

▼ Gulf Petroleum Invetment Company 629 GPI 2.69% 0.71% 1.53% 0.44% 1.63% 0.43% 310 -38.00% 11,091 0.92% 0.18% 0.36% 0.08%

▼ Gulf Franchising Holding Company 630 GFC 1.49% 0.39% 1.58% 0.46% 0.80% 0.21% 180 0.00% 9,861 0.74% 0.14% 0.17% 0.04%

- Credit Rating & Collection Company 631 TAHSSILAT 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 420 -8.70% 9,565 1.04% 0.20% 0.56% 0.13%

▼ National Ranges Company 632 MAYADEEN 6.16% 1.63% 19.56% 5.64% 8.03% 2.10% 184 48.39% 23,811 6.30% 1.20% 1.48% 0.34%

▼ Burgan company for well drilling 633 ABAR 1.16% 0.31% 0.43% 0.12% 1.11% 0.29% 860 -15.69% 17,504 0.98% 0.19% 1.08% 0.25%

▲ IFA Hotels & Resorts 634 IFAHR 0.86% 0.23% 0.38% 0.11% 0.84% 0.22% 1,000 11.11% 17,884 2.16% 0.41% 2.76% 0.63%

▼ Combined Group Contracting 635 CGC 0.28% 0.07% 0.07% 0.02% 0.23% 0.06% 1,220 -10.29% 14,800 0.41% 0.08% 0.64% 0.15%

- Jeeran Holding 636 JEERANH 1.46% 0.39% 0.90% 0.26% 0.76% 0.20% 270 -3.57% 9,569 0.90% 0.17% 0.31% 0.07%

▲ Palms Agro Production Company 637 PAPCO 0.47% 0.12% 0.40% 0.11% 0.18% 0.05% 208 -35.00% 6,879 0.20% 0.04% 0.05% 0.01%

▲ Al-Safat Tec Holding Company 638 SAFTEC 2.37% 0.63% 2.91% 0.84% 1.15% 0.30% 148 -13.95% 8,884 2.52% 0.48% 0.48% 0.11%

▼ Mushrif Trading & Contracting Company 639 MTCC 0.26% 0.07% 0.10% 0.03% 0.09% 0.02% 305 -55.80% 6,211 0.19% 0.04% 0.07% 0.02%

▼ United Projects Group 640 UPAC 0.45% 0.12% 0.20% 0.06% 0.21% 0.05% 400 -4.76% 8,363 0.52% 0.10% 0.27% 0.06%

▼ Al Abraj Holding 641 ABRAJ 6.74% 1.78% 5.82% 1.68% 11.00% 2.88% 640 10.34% 29,852 0.43% 0.08% 0.35% 0.08%

▼ Avaiation Lease And Finance Company 642 ALAFCO 4.21% 1.11% 3.94% 1.14% 2.48% 0.65% 250 27.55% 10,773 4.12% 0.79% 1.31% 0.30%

▼ Al-Mowasat Holding Company 643 MHC 0.05% 0.01% 0.06% 0.02% 0.03% 0.01% 260 46.07% 10,800 0.65% 0.12% 0.22% 0.05%

▼ Haj & Umrah Services Consortium 644 MASHAER 3.07% 0.81% 0.81% 0.23% 1.51% 0.40% 490 -49.48% 9,023 0.65% 0.12% 0.41% 0.09%

▼ Oula Fuel Marketing Company 645 OULAFUEL 0.48% 0.13% 0.19% 0.06% 0.22% 0.06% 385 -23.00% 8,271 1.89% 0.36% 0.93% 0.21%

- Villa Moda Life Style 646 VILLAMODA 0.16% 0.04% 0.15% 0.04% 0.05% 0.01% 180 38.46% 6,111 0.42% 0.08% 0.10% 0.02%

▼ Future Communications Company. Global 647 FUTURE 0.05% 0.01% 0.04% 0.01% 0.04% 0.01% 370 -8.64% 14,383 0.44% 0.08% 0.21% 0.05%

▲ Network Holding Company 648 NETWORK 3.94% 1.04% 3.58% 1.03% 4.11% 1.08% 475 41.79% 19,105 0.25% 0.05% 0.15% 0.03%

▲ Hayat Communications Company. 649 HAYATCOMM 0.83% 0.22% 0.46% 0.13% 0.48% 0.12% 445 7.23% 10,530 0.38% 0.07% 0.21% 0.05%

▼ Mubarrad Transport Company 650 MUBARRAD 2.91% 0.77% 1.57% 0.45% 1.07% 0.28% 255 -5.56% 6,743 0.98% 0.19% 0.32% 0.07%

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Kuwait Monthly Economic Brief – August 2008

▼ Kuwait Resorts Company 651 MUNTAZAHAT 0.66% 0.17% 0.73% 0.21% 0.39% 0.10% 204 4.08% 10,778 1.09% 0.21% 0.28% 0.06%

▼ Advanced Technology Company 652 ATC 0.02% 0.00% 0.01% 0.00% 0.01% 0.00% 460 -11.54% 5,881 0.63% 0.12% 0.37% 0.08%

▼ Yiaco Medical Company 653 YIACO 1.34% 0.35% 1.84% 0.53% 1.01% 0.26% 186 -41.88% 13,739 0.64% 0.12% 0.15% 0.03%

▼ Jazeera Airways Company 654 JAZEERA 1.55% 0.41% 1.10% 0.32% 1.33% 0.35% 380 -25.49% 15,662 1.26% 0.24% 0.61% 0.14%

▼ Soor Fuel Marketing Company 655 SOOR 0.86% 0.23% 0.49% 0.14% 0.52% 0.14% 375 -16.67% 10,974 1.89% 0.36% 0.00% 0.00%

Food Sector 17,790 1.21% 656,328 1.12% 213,684 0.79% 12,011 923,677 1.11% 752,500 1.38%

▼ Livestock Transport & Trading Company 701 CATTL 13.25% 0.16% 8.94% 0.10% 8.61% 0.07% 246 -23.13% 7,806 23.45% 0.26% 7.08% 0.10%

▼ Danah Al Safat Foodstuff Company 702 DANAH 71.19% 0.86% 84.03% 0.94% 77.79% 0.61% 222 -34.71% 13,126 25.01% 0.28% 6.81% 0.09%

▼ Kuwait United Poultry Company 703 POULT 5.31% 0.06% 5.29% 0.06% 2.61% 0.02% 138 -18.82% 5,895 12.49% 0.14% 2.12% 0.03%

▼ Kuwait Food Company (Americana) 704 FOOD 8.61% 0.10% 1.02% 0.01% 9.45% 0.07% 2,140 -45.41% 13,192 29.01% 0.32% 76.22% 1.05%

- United Food Industries Group 705 UFIG 0.59% 0.01% 0.42% 0.00% 0.75% 0.01% 510 -15.00% 15,202 2.89% 0.03% 1.81% 0.03%

▼ Kout Food Group 706 KOUTFOOD 1.06% 0.01% 0.30% 0.00% 0.79% 0.01% 680 -31.31% 8,999 7.15% 0.08% 5.96% 0.08%

Non Kuwaiti Sector 84,211 5.72% 3,522,948 5.99% 1,746,063 6.43% 20,734 12,110,207 14.55% 5,457,393 10.03%

▼ Shuaa Capital 803 SHUA 1.01% 0.06% 0.35% 0.02% 0.40% 0.03% 440 -10.20% 8,258 4.54% 0.66% 4.43% 0.44%

▼ Sharjah Cement & Industrial Development 804 SCEM 2.19% 0.13% 2.43% 0.15% 2.08% 0.13% 380 1.33% 19,708 4.15% 0.60% 3.50% 0.35%

▼ Gulf Cement Company 805 GCEM 10.65% 0.61% 10.54% 0.63% 10.78% 0.69% 400 -16.67% 20,980 5.90% 0.86% 5.23% 0.52%

▼ Umm Al-Qaiwain Cement Industries Company 806 QCEM 6.06% 0.35% 7.39% 0.44% 3.28% 0.21% 200 -14.53% 11,236 2.72% 0.40% 1.21% 0.12%

▼ Fujairah Cement Industries Company 807 FCEM 9.45% 0.54% 10.71% 0.64% 9.50% 0.61% 460 33.33% 20,852 2.32% 0.34% 2.37% 0.24%

▼ White Cement 808 RKWC 11.25% 0.64% 20.83% 1.25% 7.22% 0.46% 156 -3.70% 13,304 3.86% 0.56% 1.33% 0.13%

- Arab Insurance Group 809 ARIG 0.13% 0.01% 0.10% 0.01% 0.05% 0.00% 246 -1.60% 7,441 1.82% 0.26% 0.99% 0.10%

▼ United Gulf Bank 810 UGB 10.45% 0.60% 8.41% 0.50% 9.51% 0.61% 510 10.87% 18,873 6.68% 0.97% 7.57% 0.76%

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Kuwait Monthly Economic Brief – August 2008

▼ Egypt Kuwait Holding 811 EKHOLDING 3.96% 0.23% 1.34% 0.08% 2.40% 0.15% 640 -3.03% 12,593 5.73% 0.83% 8.13% 0.82%

- Bahrain Kuwait Insurance Company 812 BKIKWT 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 455 0.00% 0.50% 0.07% 0.51% 0.05%

▼ Gulf Finance House 813 GFH 27.88% 1.60% 18.93% 1.13% 40.03% 2.57% 850 -5.56% 29,769 6.57% 0.96% 12.39% 1.24%

- Commercial International Bank 814 CIB 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 4,560 8.57% 5,917 1.61% 0.23% 16.29% 1.63%

▲ Al Khaleej Development 817 TAMEER 9.32% 0.53% 9.21% 0.55% 9.49% 0.61% 660 48.31% 21,104 1.87% 0.27% 2.74% 0.28%

▼ Ahli United Bank 818 AUB 2.00% 0.11% 1.60% 0.10% 1.11% 0.07% 310 -19.48% 11,491 27.28% 3.97% 18.76% 1.88%

▼ Bank of Bahrain And Kuwait 819 BBK 0.18% 0.01% 1.54% 0.09% 1.55% 0.10% 490 -2.00% 182,277 6.70% 0.97% 7.28% 0.73%

▼ Ithmaar Bank 820 ITHMR 5.47% 0.31% 6.61% 0.40% 2.60% 0.17% 184 -13.21% 9,853 17.75% 2.58% 7.25% 0.73%

Total Market 1,471,349 58,822,341 27,153,880 17,918 83,250,865 54,414,535

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