MSM Overview Wednesday, June 03, 2020

MARKET OVERVIEW MARKET SUMMARY Diff Index Value PE P/BV Div.% The MSM30 index closed at 3,535.01 points, down 0.15% from previous % MSM30 Index 3,535.01 ▼ -0.15 6.61 0.72 7.8% close. The Shariah Index ended up by 0.04% at 517.94 points. Gulf Investment, up 3.51% was the top gainer today while Al Madina Investment, Financial Index 5,560.09 ▼ -0.26 6.81 0.68 7.5% down 4.35% was the top loser. National Bank of Oman was the most active Industrial Index 4,071.68 ▲ 0.33 15.96 0.75 7.8% in terms of number of shares traded while Bank Muscat was the most active Services Index 1,608.29 ▼ -0.14 6.77 0.89 8.4% in terms of turnover. Market Turnover RO: 1,274,758 A total number of 379 trades were executed during the day's trading session, Volume: 6,442,479 generating turnover of RO 1.27 million, with more than 6.4 million shares Market Cap. RO bn 18.384 changing hands. Out of 33 traded stocks, 6 advanced, 8 declined and 19 remained unchanged. At the session close, foreign investors were net sellers for RO 226K while local investors were net buyers for RO 225K followed by local GCC & Arab for RO 1K worth of shares. 3,500,000 3,560 3,000,000 3,540 Financial Index closed at 5,560.09 points, down 0.26%. Gulf Investment 3,520 2,500,000 and National Bank of Oman were up by 3.51% and 1.27% respectively. Al 3,500 Madina Investment, Al Anwar Holding, Sohar International Bank, Oman 2,000,000 3,480 United Insurance, and Bank Muscat were down by 4.35%, 1.43%, 1.20%, 1,500,000 3,460 3,440 1.16% and 0.64% respectively. 1,000,000 3,420 Industrial Index closed at 4,071.68 points, up 0.33%. Raysut Cement and 500,000 3,400 Oman Flour Mills were up by 2.33% and 1.00% respectively. 0 3,380 27-May 28-May 31-May 1-Jun 2-Jun 3-Jun Turonver (OMR) General Index Services index was down 0.14% before closing at 1,608.29 points. Oman Oil was up by 0.66%. Phoenix Power, Al Suwadi Power and National Gas Company were down by 1.85%, 1.75% and 1.14% respectively. Today’s Previous Company Close Close % Chg (OMR) (OMR) MENA News GULF INVEST SERVICES HOLDING 0.059 0.057 3.51%

RAYSUT CEMENT 0.352 0.344 2.33% Remittances from expatriates in Saudi Arabia fell by 9% year-on-year (YoY) to SAR 9.79 billion in April 2020 when compared to the same period last NATIONAL BANK OF OMAN 0.160 0.158 1.27% year, according to recent data released by the Saudi Arabian Monetary OMAN FLOUR MILLS 0.808 0.800 1.00% Authority (SAMA). On a monthly basis, expat remittances declined 20%, or SEMBCORP SALALAH 0.107 0.106 0.94% SAR 2.43 billion, by the end of April. (Argaam) Top Losers

Air Arabia, the only listed carrier in the United Arab Emirates, has made Today’s Previous Company Close Close % Chg further job cuts due to the business impact of COVID-19, a spokesman said (OMR) (OMR) on Wednesday. The Sharjah-based airline, which has about 2,000 employees, AL MADINA INVESTMENT 0.022 0.023 -4.35% did not say how many employees had been affected. It laid off 57 employees PHOENIX POWER 0.053 0.054 -1.85% in May. The latest job cuts were a "last alternative" after the airline took a series of steps in past months to protect jobs, the spokesman said, without AL SUWADI POWER 0.056 0.057 -1.75% elaborating. Air Arabia, like other airlines in the UAE, has operated few, AL ANWAR HOLDING 0.069 0.070 -1.43% limited services since grounding passenger flights in March. It is not clear SOHAR INTERNATIONAL BANK 0.082 0.083 -1.21% when normal operations will resume. Air Arabia's profit fell by 45% in the Most Active by Volume first quarter, which the airline blamed on the coronavirus pandemic which Today’s Traded % of has crushed global travel demand. Air Arabia also operates out of UAE's Company Close Volume Total Ras Al Khaimah emirate and has bases in Egypt and Morocco. (Zawya) (OMR) NATIONAL BANK OF OMAN 0.160 1,668,668 25.90%

Wizz Air's Abu Dhabi-based joint venture will now be bigger than originally BANK MUSCAT 0.342 1,071,880 16.64% planned with six aircraft up from three, the Hungary-based carrier's chief executive said on Wednesday. The joint venture with Abu Dhabi state OMAN UNITED INSURANCE 0.312 433,727 6.73% holding company ADQ will start flying in October, with tickets on sale from AL OMANIYA FINANCIAL SER. 0.070 396,368 6.15% June to destinations in Europe, the Indian subcontinent, Middle East and AL MADINA INVESTMENT 0.022 391,000 6.07% Africa. (Zawya) Most Active by Turnover

Today’s Traded % of UAE firms continued to reduce employment numbers in May, although the Company Close Turnover Total latest fall was the softest since February, IHS Markit said in its Purchasing (OMR) (OMR) Managers' Index report. Businesses reported that excess capacity remained, BANK MUSCAT 0.342 367,247 28.81% whilst rising cost pressures led them to make further adjustments to salaries. NATIONAL BANK OF OMAN 0.160 266,575 20.91% As a result, staffing costs fell solidly and at the quickest pace in the survey's history, it said. (Zawya) OMAN FLOUR MILLS 0.808 173,400 13.60% OMAN UNITED INSURANCE 0.312 135,739 10.65% OMAN TELECOMMUNICATION 0.640 48,911 3.84%

This report has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. While all care has been taken to ensure that the facts stated herein are accurate and the estimates, opinions and expectations contained herein are fair and reasonable, neither United Securities LLC, nor any of its employees shall be, in any way, responsible for the contents. This shall not be construed as an offer to buy or sell the investments referred to in this report.

MSM Overview Wednesday, June 03, 2020

BONDS CMP PE Yield Mcap Index PBV (RO) R (%) (RO.'000) Weight (%) Par Coupon Maturity Price Ahli Bank SAOG 0.120 6.4 0.73 8.33% 197,959 6.42% Value Rate Date BSCB 0.100 4.5% 3/29/2018 0.100 Al Anwar Holdings SAOG 0.069 29.8 0.42 14.49% 13,800 0.54% BMCC 0.100 3.50% 3/31/2018 0.095 Al Madina Takaful Co SAOC 0.068 9.7 0.46 5.89% 11,900 0.49% MUTUAL FUNDS Al Sharqiya Invest Holding 0.069 12.4 0.52 7.25% 6,210 0.22% Fund As On NAV (RO) Bank Dhofar SAOG 0.106 10.5 0.60 6.60% 317,614 7.02% Fincorp Al Amal Fund 3-JAN19 0.991 BankMuscat SAOG 0.342 6.0 0.58 10.23% 1,111,337 9.26% First Mazoon Fund JIA 3-JAN19 1.078 Bank Nizwa SAOG 0.096 9.6 0.99 0.00% 144,000 7.78% Oman Growth FUND 31-DEC18 0.789 Bank Sohar 0.082 5.8 0.59 7.32% 199,630 8.32% Majan Capital Fund JIA 3-JAN19 1.103 Gulf Investments Services 0.059 -4.0 0.59 0.00% 8,778 0.19% Muscat Fund 3-JAN19 0.708 HSBC Bank Oman SAOG 0.093 6.4 0.53 10.54% 186,030 4.89% Ubhar GCC Fund 20-DEC18 1.017 Muscat Finance 0.049 34.5 0.38 16.33% 15,051 0.38% Oryx Fund 3-JAN19 1.769 National Bank Of Oman SAOG 0.160 5.1 0.60 10.50% 260,152 5.90% Vision Emerging GCC Fund 2-JAN19 0.998

OMINVEST 0.340 5.5 1.48 4.41% 274,643 7.61% Vision Emerging Oman Fund 3-JAN19 0.940

MSM30 Financial Sector 6.4 0.66 7.71% 2,747,104 59.03% Vision Real Economy GCC Fund 14-OCT18 1.118 Vision Al Khair GCC Fund 2-JAN19 0.941 Al Batinah Power 0.056 3.9 0.44 16.07% 37,794 0.50% Al Kawthar Fund 27-DEC18 0.902 Al Maha Petroleum Products Mar 0.652 11.5 1.01 9.97% 44,988 1.19% Al Hilal MENA Fund 3-JAN19 0.708 Al Suwadi Power 0.056 4.0 0.43 16.07% 40,007 0.59% NBO GCC Fund 31-DEC18 0.730 Oman Investment & Finance 0.083 4.6 0.56 12.05% 16,600 0.53% United GCC Fund 2-JAN19 1.040 Oman Telecommunications Co 0.640 6.6 0.87 7.81% 480,000 11.93% SAO Omani Qatari Telecommunication 0.406 7.8 1.04 10.34% 264,284 7.25% GCC INDICES

Phoenix Power 0.053 5.3 0.43 9.06% 77,518 1.17% Indices Close DTD Renaissance Services SAOG 0.422 5.0 1.72 0.00% 99,766 2.65% Abu Dhabi ▲ 4,284.74 0.17% ▲ Sembcorp Salalah Power & Water 0.107 6.8 0.98 12.24% 102,140 1.45% Qatar 9,213.10 1.61% Saudi Arabia* ▼ 7,279.13 -0.13% Shell Oman Marketing Co SAOG 0.880 8.0 1.72 9.66% 88,000 2.15% Dubai ▲ 1,999.71 0.77% 6.8 0.92 8.32% 1,251,097 28.91% Bahrain ▲ 1,273.58 0.32% Al Anwar Ceramic Tile Co 0.134 19.1 1.06 4.48% 39,693 1.48% Kuwait ▼ 5,453.79 -0.15% Galfar Engineering & Contracting 0.056 176.2 0.32 0.00% 23,253 0.56% Oman ▼ 3,535.01 -0.15% Oman Cement Co 0.239 19.8 0.54 12.55% 79,079 2.24% *Saudi Index as of 2/06/2020 4:00 pm

Oman Fisheries Co 0.093 -2.6 1.02 0.00% 11,625 0.54%

Oman Flour Mills Co SAOG 0.808 9.5 1.70 6.19% 127,260 2.85% YTD Index returns 0.0% Oman Refreshment Co 1.000 5.9 0.82 7.50% 50,000 1.89% -5.0% Raysut Cement Co 0.352 16.3 0.49 8.24% 70,400 2.00% -10.0% -15.0% -11.1% MSM30 Industry Sector 15.8 0.8 7.7% 401,310 10.08% -13.0% -13.1% -20.0% -15.7% Financial Sector Index 6.8 0.7 7.6% 39,216 -25.0% -21.2% -21.7%

Services Sector Index 6.8 0.9 8.4% 1,379,230 -30.0% -28.2% Abu Qatar Saudi Dubai Bahrain Kuwait Oman Industrial Sector Index 16.1 0.8 7.7% 43,953 Dhabi Arabia MSM30 INDEX TOTAL (Weight 6.6 0.7 7.9% 4,399,511 Adjusted) Broker contacts NM: Not Meaningful (>100); NA – Not Applicable [email protected]

MSM Overview Wednesday, June 03, 2020

MSM Daily Bulletin As on 03/06/2020

Regular Market

Close Prev. Diff Last Last Last Par ISIN Security Name Volume Turnover Trades Open Price High Low Diff % Market Cap Pr. Close (RO) Pr Bid Offer Value OM0000001418 RAYSUT CEMENT 79,000 27,826 7 0.352 0.354 0.352 0.352 0.344 0.008 2.326 0.354 0.344 0.354 0.100 70,400,000 OM0000001525 OMAN INVESTMENT AND FINANCE 4,000 328 7 0.082 0.082 0.082 0.083 0.083 0.000 0.000 0.082 0.082 0.083 0.100 16,600,000 OM0000001749 OMAN CEMENT 49,058 11,705 4 0.239 0.239 0.235 0.239 0.239 0.000 0.000 0.235 0.230 0.235 0.100 79,078,578

OM0000002077 AL OMANIYA FINANCIAL SER. 396,368 27,716 15 0.069 0.070 0.069 0.070 0.070 0.000 0.000 0.070 0.070 0.072 0.100 20,435,462

OM0000003026 OMAN TELECOMMUNICATION 76,545 48,911 21 0.636 0.640 0.632 0.640 0.640 0.000 0.000 0.632 0.632 0.640 0.100 480,000,000 OM0000003968 OOREDOO 55,938 22,691 22 0.402 0.406 0.402 0.406 0.406 0.000 0.000 0.404 0.404 0.406 0.100 264,283,357 OM0000001087 OMAN UNITED INSURANCE 433,727 135,739 29 0.310 0.320 0.310 0.312 0.314 -0.002 -0.637 0.320 0.314 0.320 0.100 31,200,000 OM0000001160 NATIONAL GAS 26,281 4,544 6 0.175 0.175 0.170 0.173 0.175 -0.002 -1.143 0.170 0.170 0.175 0.100 14,705,000

OM0000002796 BANK MUSCAT 1,071,880 367,247 88 0.344 0.346 0.340 0.342 0.346 -0.004 -1.156 0.340 0.340 0.344 0.100 1,111,336,708 OM0000003398 SOHAR INTERNATIONAL BANK 133,962 10,963 14 0.082 0.082 0.080 0.082 0.083 -0.001 -1.205 0.082 0.082 0.083 0.100 199,629,552 OM0000001772 AL ANWAR HOLDING 254,989 17,494 16 0.069 0.069 0.068 0.069 0.070 -0.001 -1.429 0.068 0.068 0.069 0.100 13,800,000 Total 11 2,581,748 675,164 229

Parallel Market

Close Prev. Diff Last Last Last Par ISIN Security Name Volume Turnover Trades Open Price High Low Diff % Market Cap Pr. Close (RO) Pr Bid Offer Value OM0000002820 GULF INVEST SERVICES HOLDING 19,126 1,128 1 0.059 0.059 0.059 0.059 0.057 0.002 3.509 0.059 0.055 0.059 0.100 3,471,750

OM0000001483 NATIONAL BANK OF OMAN 1,668,668 266,575 26 0.158 0.160 0.158 0.160 0.158 0.002 1.266 0.159 0.158 0.160 0.100 260,151,417 OM0000001400 OMAN FLOUR MILLS 215,000 173,400 13 0.808 0.808 0.792 0.808 0.800 0.008 1.000 0.792 0.732 0.800 0.100 127,260,000 OM0000004735 SEMBCORP SALALAH 20,000 2,140 1 0.107 0.107 0.107 0.107 0.106 0.001 0.943 0.107 0.105 0.107 0.100 102,139,199 OM0000002572 OMAN OIL MARKETING 11,671 7,110 3 0.600 0.664 0.600 0.608 0.604 0.004 0.662 0.664 0.604 0.664 0.100 37,255,200

OM0000001681 OMAN AND EMIRATES INV. HOLDING 219,400 10,182 10 0.047 0.047 0.045 0.046 0.046 0.000 0.000 0.045 0.044 0.047 0.100 5,606,250 OM0000001822 UNITED POWER 100 101 1 1.010 1.010 1.010 0.920 0.920 0.000 0.000 1.010 0.928 0.000 1.000 736,000 OM0000002168 AL ANWAR CERAMIC TILES 186,390 24,936 25 0.134 0.134 0.133 0.134 0.134 0.000 0.000 0.134 0.134 0.135 0.100 39,692,633 OM0000002200 AHLI BANK 1,098 132 2 0.120 0.120 0.120 0.120 0.120 0.000 0.000 0.120 0.120 0.125 0.100 197,958,896

OM0000002549 BANK DHOFAR 402 40 1 0.100 0.100 0.100 0.106 0.106 0.000 0.000 0.100 0.100 0.108 0.100 317,613,252

OM0000003000 ALMAHA PETROLEUM PRODUCTS MAR. 2,773 1,781 2 0.648 0.648 0.640 0.652 0.652 0.000 0.000 0.640 0.640 0.648 0.100 44,988,000 OM0000003281 TAAGEER FINANCE 100 10 1 0.098 0.098 0.098 0.098 0.098 0.000 0.000 0.098 0.000 0.098 0.100 24,851,820 OM0000003711 SOHAR POWER 110 6 1 0.050 0.050 0.050 0.048 0.048 0.000 0.000 0.050 0.048 0.050 0.100 10,608,480 OM0000004248 SMN POWER HOLDING 6,000 360 1 0.060 0.060 0.060 0.060 0.060 0.000 0.000 0.060 0.056 0.060 0.100 11,978,136 OM0000004420 BANK NIZWA 327,063 31,318 16 0.095 0.096 0.094 0.096 0.096 0.000 0.000 0.094 0.094 0.096 0.100 144,000,000 OM0000004925 AL BATINAH POWER 208,583 11,681 9 0.056 0.056 0.056 0.056 0.056 0.000 0.000 0.056 0.055 0.056 0.100 37,793,696

OM0000007084 MUSCAT CITY DESALINATION 198 21 1 0.105 0.105 0.105 0.105 0.105 0.000 0.000 0.105 0.100 0.105 0.100 16,332,792

OM0000007811 MUSANDAM POWER 143,989 43,197 3 0.300 0.300 0.300 0.300 0.300 0.000 0.000 0.300 0.300 0.308 0.100 21,117,000

OM0000004933 AL SUWADI POWER 69,730 3,905 12 0.056 0.056 0.056 0.056 0.057 -0.001 -1.754 0.056 0.055 0.056 0.100 40,006,755

OM0000005963 PHOENIX POWER 80,425 4,263 7 0.052 0.055 0.052 0.053 0.054 -0.001 -1.852 0.055 0.053 0.055 0.100 77,517,877 OM0000001962 AL MADINA INVESTMENT 391,000 8,643 13 0.023 0.023 0.022 0.022 0.023 -0.001 -4.348 0.022 0.022 0.023 0.100 4,557,330 Total 21 3,571,826 590,927 149

Under Monitoring Market

Close Prev. Diff Last Last Last Par ISIN Security Name Volume Turnover Trades Open Price High Low Diff % Market Cap Pr. Close (RO) Pr Bid Offer Value

OM0000001368 CONSTRUCTION MATERIALS IND. 288,905 8,667 1 0.030 0.030 0.030 0.030 0.030 0.000 0.000 0.030 0.030 0.039 0.100 2,550,000

Total 1 288,905 8,667 1

Trading Summary

Total Volume Total Turnover Total Trades Market Cap. Up Down Equal Sec. Traded

6,442,479 1,274,758 379 18,384,101,722 6 8 19 33

Indecies Nationalities Trading

Prev. Buy % Buy % Sell % Sell % Index High Low Value Diff Diff % Nationality Value Volume Value Volume Value

MSM30 Index 3,539.28 3,533.20 3,535.01 3,540.19 -5.18 -0.15 OMANIS 95.54 % 92.98 % 78.56 % 75.33 %

Financial Index 5,574.86 5,560.09 5,560.09 5,574.86 -14.77 -0.26 GCC 2.40 % 3.98 % 5.67 % 5.27 %

Industrial Index 4,072.28 4,058.40 4,071.68 4,058.40 13.28 0.33 ARABS 0.90 % 1.45 % 0.04 % 0.04 %

Services Index 1,608.29 1,604.98 1,608.29 1,610.57 -2.28 -0.14 OTHERS 1.16 % 1.59 % 15.73 % 19.35 %

MSM SHARIAH INDEX 518.25 517.73 517.94 517.73 0.21 0.04 MSM TOTAL RETURN 4,024.48 4,017.57 4,019.63 4,025.51 -5.88 -0.15