KAMCO Research MENA Markets Daily Report February 6, 2017 Index DTD YTD FY Country Benchmark Value Change 2017 2016 MENA Countries In this Report… Kuwait Price Index ▼ 6,686.92 (2.3%) 16.3% 2.4% Kuwait ………………………………….2 Kuwait Weighted Index ▼ 421.83 (0.8%) 11.0% (0.4%) Saudi Arabia ……………………….3 Kuwait KSX 15 Index ▼ 966.22 (0.4%) 9.2% (1.7%) UAE - Dubai ………………………….4 Saudi Arabia TADAWUL All Share Index ▼ 7,046.38 (0.7%) (2.3%) 4.3% UAE - Abu Dhabi ……………………5 UAE - Dubai DFM General Index ▲ 3,647.91 0.7% 3.3% 12.1% Qatar ……………………………………6 UAE - Abu Dhabi ADX General Index ▲ 4,490.01 1.0% (1.2%) 5.6% Bahrain …………………………………7 Qatar QE 20 Index ▲ 10,596.39 0.2% 1.5% 0.1% Oman ……………………………………8 Bahrain Bahrain All Share ▼ 1,302.25 (0.4%) 6.7% 0.4% Egypt ………………………………….9 Oman MSM 30 Index ▲ 5,808.43 0.1% 0.4% 7.0% Jordan…………………………… 10 Egypt EGX 30 ▲ 12,883.43 0.6% 4.4% 76.2% Tunisia ………………………………….11 Jordan ASE Index ▲ 2,160.76 0.0% (0.4%) 1.6% Lebanon ……………………………….12 Lebanon Blom Stock Index ▲ 1,238.28 1.7% 2.1% 3.7% Morocco……………………….. 13 Tunisia Tunisia Index ▲ 5,500.77 0.2% 0.2% 8.9% Syria ……………………………… 14 Morocco MASI ▲ 12,228.99 0.7% 5.0% 30.5% Syria DSE Weighted Index ▲ 2,445.00 3.4% 51.2% 31.7% Emerging Markets China SSE Composite Index ▲ 3,154.78 0.5% 1.6% (12.3%) Russia RUSSIAN RTS INDEX ($) ▲ 1,190.40 1.6% 3.3% 52.2% India SENSEX ▲ 28,435.07 0.7% 6.8% 1.9% Brazil BOVESPA Stock Index ▲ 64,953.93 0.6% 7.8% 38.9% Mexico BOLSA Index ▲ 47,225.10 0.3% 3.5% 6.2% Korea KOSPI Index ▲ 2,077.26 0.2% 2.5% 3.3% Taiwan TAIEX Index ▲ 9,540.63 0.9% 3.1% 11.0% Global Markets World MSCI World Index ▲ 1,805.51 0.6% 3.1% 5.3% Asia MSCI Asia Pacific ▲ 142.08 0.1% 5.2% 2.3% Europe DJ Stoxx 600 ▲ 364.07 0.6% 0.7% (1.2%) Europe FTSEurofirst 300 ▲ 1,436.45 0.6% 0.6% (0.6%) Emerging Markets MSCI EM Index ▲ 918.87 0.4% 6.6% 8.6% U.S.A S&P 500 ▲ 2,297.42 0.7% 2.6% 9.5% U.S.A DJIA ▲ 20,071.46 0.9% 1.6% 13.4% U.S.A NASDAQ Composite ▲ 5,666.77 0.5% 5.3% 7.5% UK FTSE 100 ▲ 7,188.30 0.7% 0.6% 14.4% Germany DAX ▲ 11,651.49 0.2% 1.5% 6.9% Japan NIKKEI 225 ▲ 18,934.51 0.1% (0.9%) 0.4% Hong Kong HANG SENG INDEX ▲ 23,272.88 0.6% 5.8% 0.4% Investment Research Department [email protected] Commodities ▲ P.O.Box 28873,Safat 13149 Kuwait Oil OPEC Crude 53.92 2.2% 1.2% 67.1% Tel: (965) 1852626, Extn: 1153 / 1146 Oil Brent ▲ 56.98 0.3% 0.3% 52.4% Fax: (965) 22492395 Oil Kuwait ▲ 54.10 0.7% 1.4% 85.5% http://www.kamconline.com Natural Gas NYMEX Natural Gas (USD/MMBtu) ▼ 3.05 (0.6%) (17.3%) 30.0% KAMCO Investment Company - K.S.C ▲ (Public) Gold Gold Spot $/Oz 1,222.90 0.2% 6.6% 8.1% Source: Bloomberg & KAMCO Research KAMCO Research Boursa Kuwait Daily Report February 6, 2017 Sector Weight by Market Cap Market Capitalization - Sector Returns Insurance Financial Services 1% Real Estate 11% Technology Market Cap. DTD DTD MTD YTD 0.2% 8% (KWD Mn) % Chg % Chg % Chg Oil & Gas Boursa Kuwait 29,019.2 ▼ (0.8%) (1.4%) 10.5% 1% Oil & Gas 247.4 ▼ (4.0%) (8.4%) 8.1% Basic Materials Basic Materials 741.1 ▼ (1.2%) (0.2%) 21.1% 3% Industrials 3,030.5 ▼ (1.2%) (1.1%) 11.4% Industrials Consumer Goods 1,435.3 ▼ (0.7%) (1.4%) (0.3%) 10% Banks Health Care 210.7 ▲ 0.4% (1.7%) (7.9%) 47% Consumer Services 666.1 ▼ (2.0%) (1.2%) 2.4% Consumer Goods ▲ 5% Telecommunications 3,280.1 0.3% 0.5% 13.9% Telecom ▼ 11% Banks 13,545.9 (0.6%) (2.0%) 9.3% Insurance 349.6 ▼ (3.0%) (2.9%) 0.1% Consumer Health Care ▼ Services 0.7% Real Estate 2,419.5 (2.5%) (2.1%) 9.9% 2% Financial Services 3,048.6 ▼ (0.5%) 0.3% 21.1% ▼ Top 10 Companies by Market Capitalization Technology 44.4 (2.0%) (5.6%) 23.8% Market Breadth 22 105 55 Company Name Market Cap. P/E ROE* Benchmark Return Closing DTD DTD MTD YTD (Mn KWD) (X) (%) Value Chg % Chg % Chg % Chg Price Index 6,686.92 (156.6) (2.3%) (2.1%) 16.3% 1- National Bank of Kuwait 3,945.0 14.4 9.4% Weighted Index 421.83 (3.5) (0.8%) (1.3%) 11.0% 2- Kuwait Finance House 3,197.3 19.6 9.0% Kuwait 15 Index 966.22 (4.2) (0.4%) (1.9%) 9.2% 3- Zain 2,163.5 13.5 10.6% Market Cap (KWD Mn) 29,019 (242.4) (0.8%) (1.4%) 10.5% 4- Ahli United Bank - Bahrain 1,477.2 8.7 15.7% Index Performance relative to Volume 450 1,200 5- Kuwait Food Co. (Americana) 1,045.2 19.6 18.3% 1,100 6- Boubyan Bank 899.1 22.6 11.8% 1,000 420 7- Agility (PWC Logistics) 872.5 15.1 6.3% 900 8- Kuwait Projects Co.(Holding) 795.7 14.2 11.6% 800 390 700 9- Mabanee Co. 767.2 15.9 14.7% 600 10- Ahli United Bank - Kuwait 762.2 17.8 11.0% WeightedIndex 360 500 400 Total 15,925 14.96 10.6% 300 mil.) (shr. traded Volume 330 *: ROE is calculated based on TTM 9M-2016 net profit & shareholders' equity as of 30-Sep-16 200 100 Top Movers and Most Active Stocks 300 0 Jul-16 Oct-16 Jan-17 Apr-16 Jun-16 Feb-16 Feb-17 Sep-16 Mar-16 Dec-16 Aug-16 Nov-16 Close Change Percent May-16 Today's Top % Gainers (KWD) (KWD) Change First Takaful Insurance Co. 0.060 0.005 9.1% Market Trading Data and Volatility Hilal Cement Co. 0.160 0.010 6.7% Commercial Bank of Kuwait 0.455 0.025 5.8% Trading Indicators Today's DTD DTD Average Daily Alimtiaz Investment Group 0.184 0.010 5.7% Value Chg % Chg YTD 2017 YTD 2016 Al Massaleh Real Estate Co. 0.056 0.003 5.7% Volume (Shrs Mn) 488.6 18.1 3.8% 616.1 143.3 Value Traded (KWD Mn) 50.0 5.9 13.3% 53.4 14.3 Close Change Percent No. of Trades 9,342 698 8.1% 10,295 3,446 Today's Top % Losers (KWD) (KWD) Change Coast Invest. & Development Co. 0.051 (0.005) (8.9%) The Energy House Co. 0.051 (0.005) (8.9%) Market Volatility** Volatility Since January: Boubyan Int'l Industries Holding Co. 0.026 (0.003) (8.8%) 2016 2015 2014 2013 2012 Bayan Investment Co. 0.052 (0.005) (8.8%) Price Index 9.5% 8.9% 9.4% 10.1% 9.7% Sokouk Holding Co. 0.052 (0.005) (8.8%) Weighted Index 11.3% 10.3% 10.4% 9.7% 9.4% **: Annualized Standard Deviation of Daily Returns Close Percent Volume Close Percent Value Today's Most Active by Volume Today's Most Active by Value (KWD) Change (Shares) (KWD) Change (KWD) MAZAYA Holding Co. 0.142 1.4% 41,212,666 MAZAYA Holding Co. 0.142 1.4% 5,895,140 Abyaar Real Estate Development Co. 0.036 (6.5%) 31,839,308 Zain 0.500 0.0% 3,465,036 Ithmaar Bank 0.062 (7.5%) 30,413,718 Gulf Finance House 0.236 4.4% 2,573,627 Investors Holding Group Co. 0.031 (7.6%) 26,051,869 Kuwait Finance House 0.610 0.0% 2,569,411 National Real Estate Co. 0.124 (7.5%) 18,419,068 Alimtiaz Investment Group 0.184 5.7% 2,361,910 Source: Boursa Kuwait, KAMCO Research 2 KAMCO Research Saudi Tadawul Daily Report February 6, 2017 Index Performance relative to Volume Sector Returns 8,000 650 Market Cap. DTD MTD YTD (SAR Mn) % Chg % Chg % Chg 600 Saudi Stock Exchange 1,646,430 (0.7%) (0.8%) (2.1%) 550 7,500 Energy 24,100 (1.7%) (2.1%) (7.7%) Materials 524,540 (0.3%) 0.1% 2.4% 500 Capital Goods 23,987 (0.7%) 1.1% (2.9%) 450 Commercial & Professional Svc 8,276 (2.7%) (3.4%) (14.4%) 7,000 Transportation 15,342 (0.4%) (0.3%) (13.9%) 400 Consumer Durables & Apparel 3,832 (0.9%) 0.3% 3.3% 350 Consumer Services 16,619 (0.7%) (1.5%) (1.9%) Vol. Traded (Mln. Shares) Traded Vol. TASI Value TASI 6,500 Media 2,981 (3.0%) (1.1%) (7.4%) 300 Retailing 28,855 (1.0%) 0.3% 1.7% Food & Staples Retailing 6,776 (0.0%) 1.9% 2.7% 250 Food & Beverages 86,572 (0.7%) (1.0%) (1.9%) 6,000 200 Health Care Equipment & Svc 25,979 (1.2%) (0.5%) (6.2%) Pharma, Biotech & Life Science 4,765 (0.7%) 2.5% (2.8%) 150 Banks 412,197 (1.0%) (1.7%) (4.0%) 5,500 100 Diversified Financials 44,526 (1.1%) (3.8%) (6.4%) Insurance 44,783 (0.5%) (0.7%) 5.5% 50 Telecommunication Services 154,544 (1.0%) (1.3%) (8.5%) Utilities 95,044 (0.6%) (0.1%) (1.5%) 5,000 0 REITs 576 (0.9%) (0.2%) 3.8% Jul-16 Apr-16 Oct-16 Jun-16 Jan-17 Feb-16 Mar-16 Feb-17 Aug-16 Sep-16 Nov-16 Dec-16 May-16 Real Estate Mgmt & Dev't 122,137 (0.4%) (0.7%) (4.0%) Sectors' MTD % Chg is based on the Change in market cap.