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Weekly Commentary INDEX MARKET CAPITALIZATION GCC Markets Traded on a Mixed Note Over the Previous Bahrain All Share Index 1,099 BHD (Mn) 6,349 Week

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Weekly Commentary INDEX MARKET CAPITALIZATION GCC Markets Traded on a Mixed Note Over the Previous Bahrain All Share Index 1,099 BHD (Mn) 6,349 Week Bahrain Market Weekly 29 May 2016 Weekly Commentary INDEX MARKET CAPITALIZATION GCC Markets traded on a mixed note over the previous Bahrain All Share Index 1,099 BHD (mn) 6,349 week. Tadawul fell 3.2%, DSM was down 1% and MSM Chg over last week -3.8 USD (mn) 16,887 decreased 0.3%. DFM gained 3.8% and ADX was in the % chg over last week -0.3 % chg over last week -0.4 green (+1.1%). Kuwait increased 1.4%. YTD% -9.6 YTD% -10.4 BHB declined 0.3% last week driven by Al Baraka Bank YOY% -19.5 YOY% -20.2 dropping 10.6% and Al Salam Bank falling 4.2%. Seef YTD high 1,213 YTD high (BHD mn) 7,083 decreased 1.6%, Gulf Hotel fell 7.1% and Al Ahlia was YTD low 1,099 YTD low (BHD mn) 6,349 down 6.9%. Ithmaar Bank and KHCB rose 4% and 1.7% MARKET TURNOVER respectively. BBK was up 1.7% and NBB gained 0.9%. Volume (mn shrs) 6.3 1 yr avg. weekly (mn shrs) 9.0 BMMI ended 1.2% higher. Value (BHD mn) 1.3 1 yr avg. weekly (BHD mn) 2.0 AUB was the most traded stock for the week, trading over VOLUME LEADERS ACTIVE ISSUES 1.5mn shares; accounting for 23% of volumes traded. Scrips C L P rice Shares News (B D / $ ) traded AUB 0.60 1,458,784 Advances 5 Alba plans to raise up to USD 500mn debt from local and Al Baraka 0.42 1,199,360 Declines 5 regional banks to part finance its USD 3.5bn expansion, Ithmaar 0.13 1,155,560 Unchanged 28 GDN reported citing the CEO. Speaking on the sidelines TOP GAINERS TOP LOSERS of a supplier and contractor forum for its Line 6 Scrips C hg Shares Scrips C hg Shares Expansion Project, he said in response to a question that the project would be funded using the company’s cash (%) traded (%) traded reserves and debt from banks as well as bond issues. Ithmaar 4.0 1,155,560 Al Baraka (10.6) 1,199,360 “While the cost of borrowing will be higher in the KCB 1.7 470,007 Gulf Hotel (7.1) 309,967 prevailing high interest rate regime, we are looking to BBK 1.3 19,200 Al Ahlia (6.9) 279,724 save on capital cost,” he added. Source: Gulf Daily News BMMI 1.2 5,000 Al Salam (4.2) 119,657 Batelco is no longer in talks to buy Maltese telecoms NBB 0.9 107,834 Seef (1.6) 151,400 company GO, the Bahraini firm said on Tuesday. Last week, Batelco announced it had submitted a bid for GO, REGIONAL MARKETS which is 60% owned by Emirates International C o untry Index Index Week YT D Telecommunications ( EIT ), a unit of Dubai Holding. C hg (%) chg (%) These discussions have now ended, Batelco said in a Oman MSM 5,915 (0.3) 9.4 statement to Bahrain's bourse. Batelco said negotiations Abu Dhabi ADX 4,283 1.1 (0.6) had been for it to buy as much as 100% of GO but did not Dubai DFM 3,351 3.8 6.3 provide further details. GO said in a statement earlier on Saudi Arabia TASI 6,482 (3.2) (6.2) Tuesday that it had chosen former monopoly Tunisie Telecom as the final preferred bidder for the sale of its Qatar DSM 9,716 (1.0) (6.8) entire issued share capital. EIT , which is selling its stake Kuwait KSE 5,397 1.4 (3.9) in GO, also owns 35% of Tunisie Telecom , according to Source: Bloomberg the Dubai-based firm's website. Source: Zawya, Company Announcement 1,800 BHSE Index GFH Financial Group plans to list its Bahraini subsidiary 1,600 Khaleeji Commercial Bank in Dubai and acquire a financial services company to increase shareholder value. 1,400 "We are hoping to list Khaleeji Commercial Bank on DFM 1,200 (Dubai Financial Market ), which will help increase the value of the bank, and to offer fee-based financial 1,000 services, helping to diversify our revenue base," Hisham al-Rayeshe, GFH CEO said. Rayes, speaking at a public 800 event to discuss GFH's plans, did not say when the Dubai Jul-10 Jul-11 Jul-12 Jul-13 Jul-14 Jul-15 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 listing might take place or give further details of the Jan-10 share offer. GFH owns a 47% stake in Khaleeji worth USD 78.6mn based on its stock price in Bahrain. Source: Zawya Source: Bloomberg Contact: : +973 17515000 Securities & Investment Company BSC (c) e-mail : [email protected] BMB Center, First Floor website : www.sicobahrain.com P.O Box 1331 Manama Bahrain BAHRAIN STOCK MARKET STATISTICS Price YTD--52 Week-- MarketCurrent 2015Net Inc Growth Div Div 5/26/2016 Chg High Low Cap ROE P/BV P/E Q4-15 FY15 Yield Payout (BD/$) (%) (BD/$) (BD/$) (BD mn) (%) (x) (x) (%) % (%)* (%)* Commercial banks Ahli United Bank ($) 0.600 -9.4 0.681 0.590 1,542 16.3 1.2 7.6 11% 11% 7.5 57.1 BBK 0.324 -25.7 0.440 0.310 350 15.9 1.1 6.6 1% 6% 7.7 50.8 National Bank of Bahrain 0.585 -8.1 0.714 0.575 617 16.1 1.9 11.2 5% 3% 4.3 47.7 Ithmaar Bank ($) 0.130 -13.3 0.170 0.095 149 NM 0.9 NM NM NM 0.0 0.0 Khaleeji Comm Bank 0.061 -9.8 0.069 0.050 64 7.6 0.6 9.1 15% 127% 0.0 0.0 Bahrain Islamic Bank 0.125 NA 0.159 0.109 127 2.5 NM 11.3 -3% 21% 0.0 0.0 Salam Bank 0.091 -1.1 0.142 0.081 195 4.2 0.6 15.8 NM -21% 5.5 86.7 Sector total/median 3,078.6 11.7 1.0 10.1 1% 4% 4.3 47.7 Investments Arab Banking Corp. ($) 0.395 -7.1 0.640 0.360 463 4.5 NM 6.8 -39% -30% 0.0 0.0 Investcorp Bank ($) * 6.0 NA NA NA 181 19.7N/A N/A 4.1 NM 0% 2.5 10.3 AlBaraka Bank Grp ($) 0.420 -24.1 0.709 0.420 182 1.9 0.0 3.0 NM 7% 4.8 14.1 Esterad 0.190 -4.0 0.212 0.178 27 1.8 NM 23.5 NM -46% 5.2 123 Bahrain Comm. Facilities Co. 0.700 -8.5 0.765 0.650 114 17.2 NM 6.6 33% 20% 6.4 42.2 United Gulf Bank 0.390 NA 325 3.0 0.8 76.9 69% NM 0.0 0.0 Gulf Finance House ($) 0.240 50.0 0.245 0.140 204 NM 0.3 NM NM NM 0.0 0.0 Inovest ($) 0.160 0.0 0.190 0.160 17 NM NA NM NM NM 0.0 0.0 Sector total/median 1,541.5 3.7 0.3 6.6 -59% 1.3 0.0 0.0 Insurance Bahrain National Holding Co. 0.420 NA 48 8.8 1.1 11.8 NM 12% 4.8 56.1 Bahrain Kuwait Insurance Co. 0.600 NA 43 9.3 1.3 15.8 -3% -36% 5.0 79.2 Al Ahlia Insurance Co. 0.268 -10.7 NA NA 17 NM NM NM -90% NM 0.0 0.0 Arab Insurance Group ($) 0.345 -9.2 0.510 0.345 29 NM 0.3 NM NM NM 0.0 0.0 Sector total/median 142.0 9.1 1.1 13.8 NM -75% 2.4 28.0 Services Bahrain Car Park 0.149 -17.2 0.180 0.136 10 1.0 NM 22.6 NM -49% 3.4 75.7 Bahrain Ship Repair & Eng. 1.810 NA 2.000 1.800 33 7.2 1.4 20.8 26% 15% 2.8 57.4 Batelco 0.300 -6.2 0.344 0.296 499 8.8 1.0 10 2% 0% 8.3 84.0 Zain 0.133 -26.1 0.184 0.133 49 8.3 NM NM 42% 24% 3.8 35.7 Trafco 0.230 -4.2 0.252 0.208 19 7.7 0.8 10.8 -18% 8% 7.0 75.2 Bahrain Cinema Co. 1.000 -23.1 1.600 1.000 66 11.5 1.6 10.5 76% -17% 5.0 52.4 BMMI 0.815 -6.3 0.890 0.800 119 16.6 NM 12 0% -10% 6.1 72.6 Bah Duty Free Shop Complex 0.795 1.7 0.818 0.745 103 18.6 2.2 11.5 -35% 5% 7.0 80.9 Nass Corp. 0.097 -17.8 0.169 0.088 21 6.9 0.4 8.0 139% -35% 5.2 41.2 Seef Properties 0.180 -10.9 0.206 0.178 83 7.8 0.6 8.4 -47% -9% 6.7 56.1 Sector total/median 1,001.9 8.1 1.0 10.8 -6.0% -3.4% 5.6 65.0 Industries Aluminium Bahrain 0.276 -25.8 0.500 0.276 392 2.9 0.4 6.5 NM -38% 4.0 26.1 Delmon Poultry Co.
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