Post on 22-Aug-2020
transcript
1
Reuters: U.S. employment fell in September for the first time in seven years as Hurricanes Harvey and Irma left displaced workers temporarily unemployed and
delayed hiring, the latest indication that the storms undercut economic activity in the third quarter. The Labor Department said nonfarm payrolls decreased by
33,000 jobs last month amid a record drop in employment in the leisure and hospitality sector. The decline in payrolls was the first since September 2010. The
department said Harvey and Irma, which wreaked havoc in Texas and Florida in late August and early September, reduced employment last month. The unem-
ployment rate hit a more than 16-1/2-year low of 4.2% and annual wage growth accelerated to 2.9%. Leisure and hospitality payrolls plunged 111,000, the most
since records started in 1939, as employment at restaurants and bars fell 104,700. There were also decreases in retail and manufacturing employment last month.
The economy created 13,000 more jobs than previously reported in August. Harvey and Irma did not have an impact on the unemployment rate, which fell two-
tenths of a percentage point from August to the lowest since February 2001. The smaller survey of households from which the jobless rate is derived treats per-
sons as employed regardless of whether they missed work during the reference week and were unpaid as result. The decrease in the unemployment rate reflected
a 906,000 surge in household employment, which eclipsed a 575,000 increase in the labor force.
Zawya: According to ICAEW’s latest report, Middle East region is expected to remain tough, with several further squeezes on household income in 2018. How-
ever, overall GDP is expected to grow by 2.4% next year and rising to 4% in 2019. The report states that any extension of OPEC’s production cut deal, which ends
on 31st March 2018 would delay the recovery. Additionally the governments across the region are unlikely to find any solace in the oi l market, which looks likely to
require an extension of OPEC’s production cut deal merely to stabilise prices around $45-50. The upcoming GCC VAT is expected to increase the cost of living in
impacted economies by around 2.5% in 2018 and 0.5% in each year from 2019-2022. More positively, evidence is emerging that the acceleration in world trade
has been felt in the Middle East region. Those economies which are the most diversified appear to be seeing the greatest benefits. Growth in the non-oil sector in
the UAE accelerated to a two-and-a-half year high in August, according data released by EmiratesNBD PMI index. Meanwhile in less-diversified Saudi Arabia, the
same metric has picked up through the year, but remains well below the historical norm.
Zawya: Growth in the UAE’s non-oil private sector remained sharp and marked the strongest quarter recorded for two years. The latest improvement in business
conditions was driven by above-average expansions in both output and new orders. The data also showed that new business from abroad slipped back to contrac-
tion, indicating that the recovery was driven by domestic demand. On the price front, output charges fell, whilst input price inflation softened to a four-month
low. The headline seasonally adjusted Emirates NBD UAE Purchasing Managers’ Index eased from the 30-month high of 57.3 recorded in August to 55.1 in Sep-
tember. However, growth remained strong overall and steeper than the survey’s historical average. The average in the third quarter of 2017 was 56.1, the strong-
est since the third quarter of 2015 (56.3). Firms in the non-oil private sector reported a sharp increase in output in September. The rate of growth was steep over-
all and above the series’ long-run average. That said, the pace of expansion slowed from the four-month high registered in August. Employment levels continued
to rise for the seventeenth month running in September. That said, job creation eased since August and was only slight overal l.
Data and News Source: Thomson Reuters
Weekly Investment Report
Sunday, October 08, 2017
Economic & Market News
Indexes Last WTD (%) MTD (%) YTD (%)
DJI 22,773.67 1.65% 1.65% 15.24%
S&P 500 2,549.33 1.19% 1.19% 13.87%
NASDAQ 6,064.57 1.43% 1.43% 24.69%
STOXX Europe 600 389.47 0.34% 0.34% 7.76%
FTSE 100 7,522.87 2.04% 2.04% 5.32%
DAX 12,955.94 0.99% 0.99% 12.85%
CAC 40 5,359.90 0.56% 0.56% 10.23%
Nikkei 225 20,690.71 1.64% 1.64% 8.25%
SENSEX 31,814.22 1.70% 1.70% 19.48%
Shanghai Composite 3,348.94 -0.11% -0.35% 7.90%
Hang Seng 28,458.04 3.28% 3.28% 29.35%
Commodities & FX Last WTD (%) MTD (%) YTD (%)
Oil (Brent) 55.62 -3.34% -3.34% 49.20%
Natural Gas 2.86 -4.79% -4.79% 22.51%
Gold 1275.30 -0.30% -0.30% 20.21%
Silver 16.78 1.05% 1.05% 21.32%
EURUSD 1.17 -0.67% -0.67% 8.04%
GBPUSD 1.31 -2.49% -2.49% -11.37%
USDJPY 112.63 0.14% 0.14% -6.38%
USDCHF 0.98 1.02% 1.02% -2.39%
AUDUSD 0.78 -0.82% -0.82% 6.79%
USDCAD 1.25 0.54% 0.54% -9.43%
LIBOR US Dollar WoW (%) Euro WoW (%)
1 Month 1.272 0.25% -0.390 0.26%
2 Month 1.349 1.10% -0.376 -0.68%
3 Month 1.514 0.50% -0.309 -0.14%
6 Month 1.453 0.00% -0.300 0.14%
12 Month 1.736 -0.02% -0.187 0.16%
Indexes Last WTD (%) MTD (%) YTD (%)
Dubai (DFMGI) 3,591.10 0.76% 0.76% 1.71%
Abu Dhabi (ADSMI) 4,414.16 0.38% 0.38% -2.91%
Saudi (SASEIDX) 7,259.22 -0.33% -0.33% 0.68%
Kuwait (KWSE) 6,662.11 -0.26% -0.26% 15.90%
Egypt (EGX30) 13,881.97 -0.05% -0.05% 12.45%
Qatar (DSM) 8,132.05 -2.17% -2.17% -22.08%
Bahrain (BHSEIDX) 1,274.10 -0.73% -0.73% 4.40%
Oman (MSM30) 5,213.49 1.48% 1.48% -9.84%
TR GCC (Reuters) 195.14 0.24% 0.24% -3.68%
DJ MENA 526.67 0.27% 0.26% 5.77%
2 Data and News Source: Thomson Reuters
Zawya: Saudi Arabia has told the IMF that it is reconsidering the speed at which it imposes austerity steps to avoid slowing the economy too much and pushing
up unemployment. Riyadh has been cutting spending while raising taxes and fees to curb a huge state budget deficit caused by low oil prices. The deficit is
shrinking but at a high cost to the economy as the data released last week showed Saudi Arabia has slipped into recession during the second quarter, while the
non-oil sector expanded only 0.6% year-on-year. Consumer prices are falling and unemployment among Saudis has edged up to 12.8%. In July, the IMF forecast
growth in Saudi Arabia's non-oil sector would rise to 1.7% in 2017, but the actual growth had been weaker than expected. The IMF also said Riyadh was consid-
ering whether to impose additional fees and charges on the public, mostly aimed at luxury goods consumption or to recoup some of the cost of state services.
The fund was worried about such proposals could distract the government from more important reforms. The government is preparing aid for private sector
businesses, and the IMF's report said this would take the form of state spending on strategic industries combined with streamlining business regulations.
Reuters: Japan’s services sector expanded in September at the slowest rate in 11 months as the pace of new orders eased, though a raft of other data suggest
the economic recovery remains intact even as momentum may have ebbed slightly in the third quarter. The Markit/Nikkei survey released showed PMI fell to a
seasonally adjusted 51.0 from 51.6 in August. The new business index also showed expansion at a reduced pace, down at 52.0 in September from 52.4 in Au-
gust. In one positive sign, the index for business sentiment rose to 53.3 from 52.4 in the previous month, suggesting companies believe the lull in activity is
temporary. The composite PMI, which includes both manufacturing and services, fell to 51.7 in September from 51.9 in the previous month. Japan’s economy
grew an annualized 2.5% in April-June, which was the fastest pace of growth in more than a year thanks to gains in consumer spending and housing investment.
Zawya: Oman may be cutting government spending in a bid to bring down its deficit, but is still failing to hit its own reduction targets, according to a new report
from Fitch. The data arising from budget outturns in the first seven months of the year show that total government spending dropped by 6% in the first seven
months of the year, but this remains below the government’s own full-year target of 9%. Current spending, including subsidies, has dropped by 2% against a
target of 7%. Similarly, capital spending programme has been cut by 4%, but this is against a 9% target. Fitch said that fiscal deterioration was a key driver in
placing a negative outlook on the country’s BBB sovereign debt rating. Any further downgrade would put the country’s investment grade rating for its sovereign
debt at risk. The report said that the “relative resilience” of current spending was largely due to the country’s defence spending, which “may be difficult to cut
much due to regional security challenges”, although it added that the completion of equipment purchases in the first half of the year should see this fall during
the second half of the year. Overspending on investment and defence last year, coupled with a 17% decline in revenues, meant Oman’s budget deficit reached
20.2% of GDP last year, which was the highest of any sovereign government rated by Fitch.
Economic & Market News (continued)
Weekly Investment Report
Sunday, October 08, 2017
0.949 1.0571.196 1.300
1.479
1.928
2.326
2.858
1.015 1.0701.229 1.346
1.512
1.968
2.368
2.906
0
1
2
3
4
1M 3M 6M 12M 2Y 5Y 10Y 30Y
US Government Bonds - Yield to Maturity (%)
Last Week Current Week
60
70
80
90
100
110
120
130
Oct-14 Dec-14 Feb-15 Apr-15 Jun-15 Aug-15 Oct-15 Dec-15 Feb-16 Apr-16 Jun-16 Aug-16 Oct-16 Dec-16 Feb-17 Apr-17 Jun-17 Aug-17
Global Equity Indexes - Rebased
S&P 500 STOXX Europe 600 TR MENA MSCI Asia ex. Japan
0
10
20
30
40
50
Oct
-14
No
v-1
4
De
c-1
4
Jan
-15
Feb
-15
Mar
-15
Ap
r-1
5
May
-15
Jun
-15
Jul-
15
Au
g-1
5
Sep
-15
Oct
-15
No
v-1
5
De
c-1
5
Jan
-16
Feb
-16
Mar
-16
Ap
r-1
6
May
-16
Jun
-16
Jul-
16
Au
g-1
6
Sep
-16
Oct
-16
No
v-1
6
De
c-1
6
Jan
-17
Feb
-17
Mar
-17
Ap
r-1
7
May
-17
Jun
-17
Jul-
17
Au
g-1
7
Sep
-17
Oct
-17
CBOE S&P Volatility Index - VIX
10.3 11.0
14.8
-
11.3 11.3
-
9.8
12.3
1.2 1.6 1.7-
2.11.1 0.8 1.0 1.5
0
4
8
12
16
Dubai Abu Dhabi Saudi Kuwait Egypt Qatar Bahrain Oman Average
PE PBMENA Market - Price Ratios
131.9
61.385.3
-
348.4
96.8
237.1
-
160.1
0
300
600
Dubai Abu Dhabi Saudi Kuwait Egypt Qatar Bahrain Oman Average
5-Year CDS Rates (basis points)
3
Government Bonds
Government Bond Name Currency Maturity Coupon Current Yield (%) YTM - Ask (%) Rating * Bid Ask
UAE - Emirate of Abu Dhabi ABU DHABI GOVT INT'L USD 08/04/2019 6.75 1.97 1.97 Aa2 106.99 107.06
United States of America US TREASURY N/B USD 31/05/2020 1.50 1.61 1.62 AAA 99.72 99.74
United Kingdom of Great Britain UK TSY 4 3/4% 2020 GBP 07/03/2020 4.75 0.42 0.42 Aa2 110.39 110.42
Kingdom of Bahrain KINGDOM OF BAHRAIN USD 31/03/2020 5.50 4.59 4.59 102.87 103.19
UAE - Emirate of Dubai DUBAI GOVT INT'L BONDS USD 05/10/2020 7.75 2.69 2.70 114.40 115.05
United States of America US TREASURY N/B USD 15/05/2025 2.13 2.25 2.26 AAA 99.16 99.19
State of Qatar STATE OF QATAR USD 15/06/2030 9.75 3.94 3.94 Aa3 157.59 158.59
Arab Republic of Egypt ARAB REPUBLIC OF EGYPT USD 30/04/2040 6.88 7.11 7.10 B3 97.38 97.96
United States of America US TREASURY N/B USD 15/05/2045 3.00 2.88 2.89 AAA 102.25 102.30
Kingdom of Bahrain KINGDOM OF BAHRAIN USD 19/09/2044 6.00 7.27 7.25 BB+ 85.09 85.84
Data and News Source: Thomson Reuters * Thomson Reuters composite rating; NR = No Rating
Corporate Bonds
Government/Parent Company Bond Name Currency Maturity Coupon Current Yield (%) YTM - Ask (%) Rating * Bid Ask
Abu Dhabi Water & Electricity TAQA ABU DHABI NATL ENER USD 01/08/2018 7.25 2.06 2.06 BBB+ 104.12 104.16
Abu Dhabi Water & Electricity TAQA ABU DHABI NATL ENER USD 16/09/2019 6.25 2.58 2.58 BBB+ 106.87 106.97
Qatar Petroleum RAS LAFFAN LNG 3 USD 30/09/2019 6.75 2.62 2.66 A 107.87 107.97
National Bank of Oman NATIONAL BANK OF OMAN USD 07/10/2019 3.13 3.46 3.46 Baa3 99.36 99.46
Qatari Diar Real Estate Invest QATARI DIAR FINANCE QSC USD 21/07/2020 5.00 2.88 2.88 Aa3 105.63 106.38
Stichting Waha Aerospace WAHA AEROSPACE BV USD 28/07/2020 3.93 2.59 2.59 AA 102.00 102.75
Qatar Petroleum RAS LAFFAN LNG II USD 30/09/2020 5.30 3.28 3.28 A 103.36 103.45
Investment Corp of Dubai EMIRATES NBD PJSC EUR 23/03/2022 1.75 1.12 1.12 A+ 102.73 103.43
Saudi Electricity Co SAUDI ELECTRICITY GLOBAL USD 03/04/2022 4.21 2.92 2.89 A 105.38 106.13
Emaar Malls Group PJSC EMG SUKUK LTD USD 18/06/2024 4.56 3.76 3.79 Baa2 104.75 105.25
Emirate of Sharjah United Arab SHARJAH SUKUK LTD USD 17/09/2024 3.76 3.29 3.27 BBB+ 102.90 103.22
Qatar Petroleum RAS LAFFAN LNG 3 USD 30/09/2027 5.84 3.66 3.66 A 113.71 114.05
Qatar Gas Transport Co Ltd NAKILAT INC USD 31/12/2033 6.07 4.01 4.01 A 117.54 118.02
Port & Free Zone World FZE DP WORLD LTD USD 02/07/2037 6.85 5.01 5.01 BBB+ 122.94 123.94
Burgan Bank SAK BURGAN TIER 1 FINANCING USD Perpetual 7.25 6.04 7.17 102.21 102.92
Emirates NBD PJSC EMIRATES NBD 2014 TIER 1 USD Perpetual 6.38 4.68 6.07 104.60 105.20
Weekly Investment Report
Sunday, October 08, 2017
4 Data and News Source: Thomson Reuters
EIBOR 1 Week 1 Month 2 Months 3 Months 6 Months 12 Months
1.1138 1.3197 N/A 1.5580 1.7892 2.1802
Deposit Rates T/N 1 Week 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months
1.46 0.90 1.21 1.24 1.29 1.48 1.63 1.78
Swap Rates 1 Year 2 Years 3 Years 4 Years 5 Years 7 Years 10 Years
1.83 2.11 2.36 2.55 2.75 3.16 3.68
UA
E
Money Markets
SAIBOR 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months
1.46 2.03 1.79 2.05 2.39 2.24
Deposit Rates T/N 1 Week 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months
0.80 1.05 1.23 1.25 1.68 1.86 1.66 2.35
Swap Rates 1 Year 2 Years 3 Years 4 Years 5 Years 7 Years 10 Years
2.07 2.37 2.60 2.82 3.01 3.28 3.68
Sau
di
KIBOR O/N 1 Month 3 Months 6 Months 1 Year 2 Years 3 Years
0.75 1.56 1.75 2.00 2.31 1.88 2.13
Deposit Rates O/N T/N 1 Week 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months
0.43 0.62 1.27 1.25 1.27 1.33 1.52 1.67 1.83
Swap Rates 1 Year 2 Years 3 Years 4 Years 5 Years 7 Years 10 Years
1.95 2.20 2.32 0.00 2.48 2.5900 2.7400
Ku
wai
t
EGIBR O/N < 1 Week 1 Week < 1 Month 1 Month > 1 Month
10.90 9.20 9.31 11.10 11.10 8.85
Bank Rates Re Discount Lending Benchmark
9.25 9.75 8.75
T-Bill Yields 1 Week 1 Month 3 Months 6 Months 9 Months 1 Year 2 Years 3 Years
10.80 11.30 11.50 11.65 11.75 11.80 12.40 12.70
Egyp
t
QIBOR O/N 1 Week 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months
0.82 0.88 0.97 1.06 1.14 1.29 1.37 1.47
Deposit Rates 1 Week 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months
1.45 1.15 1.00 1.23 1.26 1.32 2.25
QCB Interest Rates O/N Deposit O/N Lending Repo Rate
0.75 4.50 4.50
Qat
ar
BHIBOR O/N 1 Week 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months
1.30 1.58 2.23 2.30 2.43 2.58 2.80 3.08
Interest Rates O/N Deposit 1W Deposit O/N Repo O/N Secured
1.10 1.40 3.25 3.25
Swap Rates 1 Year 2 Years 3 Years 4 Years 5 Years 7 Years 10 Years
2.57 2.82 2.92 3.01 3.08 3.21 3.36
Bah
rain
Weekly Investment Report
Sunday, October 08, 2017
5 Data and News Source: Thomson Reuters
Top Gainers Close
* WTD % YTD %
Mkt. Cap.(AED mln)
DRAKE AND SCULL INTERNATIONAL 1.71 13.10% -10.94% 1,831
ISLAMIC ARAB INSURANCE CO PSC 0.48 6.01% -8.64% 576
UNION PROPERTIES PJSC 0.90 4.99% -13.60% 3,878
DUBAI ISLAMIC INSURANCE & REINS 0.93 4.96% 47.78% 210
UNION PROPERTIES PJSC 0.96 4.92% -8.25% 4,118
Du
bai
Top Weekly Performers by Country (* indicates native currency; Data as of the previous Thursday)
Ab
u D
hab
i Sa
ud
i K
uw
ait
Egyp
t Q
atar
Top Losers Close
* WTD % YTD %
Mkt. Cap.(AED mln)
SHUAA CAPITAL PSC 1.07 -4.46% -27.70% 1,140
UNION PROPERTIES PJSC 0.90 -3.23% -13.98% 3,861
DAR AL TAKAFUL PJSC 0.96 -2.23% -18.26% 144
DUBAI REFRESHMENTS PJSC 15.75 -2.17% -32.11% 1,418
UNION PROPERTIES PJSC 0.86 -2.16% -17.71% 3,693
Top Gainers Close
* WTD % YTD %
Mkt. Cap.(AED mln)
AL KHALEEJ INVESTMENT CO PJSC 1.85 32.14% 64.62% 194
UNITED ARAB BANK PJSC 2.05 23.49% 28.13% 2,819
AL KHALEEJ INVESTMENT CO PJSC 1.40 6.87% 24.58% 147
FINANCE HOUSE PJSC 1.60 6.67% -7.51% 496
ABU DHABI NATIONAL ENERGY CO 0.64 6.67% 20.75% 3,882
Top Losers Close
* WTD % YTD %
Mkt. Cap.(AED mln)
SHARJAH GROUP CO 1.15 -14.81% -23.33% 91
GULF PHARMACEUTICAL INDUSTRIES 2.33 -11.41% 10.59% 2,621
NATIONAL BANK OF FUJAIRAH PJSC 2.99 -9.94% -32.76% 4,086
NATIONAL MARINE DREDGING PSC 3.83 -9.88% -10.93% 958
NATIONAL TAKAFUL CO PJSC 0.48 -9.43% -40.74% 72
Top Gainers Close
* WTD % YTD %
Mkt. Cap.(SAR mln)
MALATH COOPERATIVE INSURANCE 16.60 34.85% 22.27% 830
SALAMA COOPERATIVE INSURANCE 24.44 14.42% 98.70% 611
AL RAJHI COMPANY FOR COOPER 61.60 9.80% 59.59% 2,464
ALDREES PETROLEUM AND TRANSP 30.50 9.52% -2.24% 1,525
NATIONAL PETROCHEMICAL CO SJSC 18.08 9.31% -14.92% 8,680
Top Losers Close
* WTD % YTD %
Mkt. Cap.(SAR mln)
AL ALAMIYA FOR COOPERATIVE INSUR 22.50 -13.13% -8.54% 900
AL-OMRAN INDUSTRIAL AND TRADING 17.70 -11.50% 0.00% 106
UNITED COOPERATIVE ASSURANCE CO 12.50 -11.35% -4.21% 612
MEDITERRANEAN AND GULF COOP 19.75 -11.04% -26.85% 1,975
AL MAATHER REIT FUND 10.46 -10.75% 0.00% 642
Top Gainers Close (fils) *
WTD % YTD % Mkt. Cap.(KWD mln)
KAMCO INVESTMENT CO KSCP 81.00 19.12% -16.49% 21
REAL ESTATE TRADE CENTERS CO 38.00 15.15% 43.40% 5
WETHAQ TAKAFUL INSURANCE CO 49.50 15.12% 59.68% 5
MUNSHAAT REAL ESTATE PROJECTS 65.90 14.81% 17.68% 21
AL AMAN INVESTMENT COMPANY 59.60 14.18% 22.89% 12
Top Losers Close (fils) *
WTD % YTD % Mkt. Cap.(KWD mln)
NAFAIS HOLDING COMPANY KSCP 317.00 -38.45% -63.49% 32
KUWAIT REMAL REAL ESTATE CO KPSC 69.00 -15.85% 2.99% 21
ASIYA CAPITAL INVESTMENTS CO KSC 39.00 -11.36% 23.81% 31
SANAM REAL ESTATE COMPANY KSCP 37.00 -10.84% 23.33% 5
FIRST DUBAI FOR REAL ESTATE DEVEL 58.00 -10.77% -7.94% 58
Top Gainers Close WTD % YTD % Mkt. Cap.
ALEXANDRIA FLOUR MILLS AND BAKER 42.83 45.93% 695.33% 1,408
ISMAILIA DEVELOPMENT & REAL EST 5.30 24.71% 49.30% 195
PRIME HOLDING FOR FINANCIAL INV 4.61 23.92% 53.67% 336
EGYPTIAN CHEMICAL INDUSTRIES SAE 7.09 22.88% 61.85% 4,208
EGYPT ALUMINUM CO SAE 152.27 21.79% 1,119.93% 20,925
Top Losers Close
* WTD % YTD %
Mkt. Cap.(EGP mln)
BELTONE FINANCIAL HOLDING SAE 11.68 -13.29% 4.29% 1,973
UPPER EGYPT FLOUR MILLS SAE 109.76 -12.34% 46.21% 768
EGYPTIAN TOURAH PORTLAND CEM 12.26 -12.30% 9.56% 876
RAYA HOLDING FOR FINANCIAL INVES 10.61 -11.73% 99.06% 1,070
SOUHAG NATIONAL COMPANY FOOD 35.06 -11.42% -25.28% 0
Top Gainers Close WTD % YTD % Mkt. Cap.
QATAR ISLAMIC BANK QPSC 95.50 8.28% -8.08% 22,405
WIDAM FOOD CO QSC 58.90 7.09% -13.38% 1,053
BARWA REAL ESTATE CO QSC 34.00 7.09% 2.26% 13,136
GULF INTERNATIONAL SERVICES QSC 18.27 6.84% -41.25% 3,393
ISLAMIC HOLDING GROUP QPSC 45.20 6.08% -25.90% 256
Top Losers Close
* WTD % YTD %
Mkt. Cap.(QAR mln)
EZDAN HOLDING GROUP QSC 9.15 -12.86% -39.44% 24,238
MANNAI CORPORATION QPSC 63.00 -11.45% -21.25% 2,870
ISLAMIC HOLDING GROUP QPSC 41.89 -10.59% -31.33% 237
QATARI GERMAN COMPANY 7.25 -9.38% -28.22% 84
GULF INTERNATIONAL SERVICES QSC 18.25 -8.70% -41.32% 3,387
Weekly Investment Report
Sunday, October 08, 2017
6
Company Name Country Market Cap (USD mln)
Close * MTD % YTD % 52w High
* 52w Low
* P/E P/B
Dividend Yield
1 SAUDI BASIC INDUSTRIES CORPORATION SA 81,438 101.80 -1.2% 11.3% 105.40 81.50 16.4 2.0 5.9%
2 EMIRATES TELECOMMUNICATIONS GROUP AE 42,151 17.80 2.9% -5.3% 19.95 17.10 17.9 3.5 4.5%
3 SAUDI TELECOM COMPANY SJSC SA 37,599 70.50 -0.4% -2.8% 78.90 52.50 15.3 2.3 5.7%
4 FIRST ABU DHABI BANK PJSC AE 30,118 10.15 -0.5% 1.6% 11.55 8.30 12.6 1.1 4.4%
5 QATAR NATIONAL BANK QPSC QA 30,051 120.75 -1.0% -18.5% 157.27 120.10 8.7 1.5 2.6%
6 AL RAJHI BANKING & INVESTMENT CORP SA 28,773 66.40 0.5% 5.4% 71.70 48.60 12.8 2.0 0.0%
7 NATIONAL COMMERCIAL BANK SJSC SA 27,573 51.70 0.6% 21.4% 58.00 33.00 11.0 1.7 3.1%
8 SAUDI ELECTRICITY COMPANY SJSC SA 27,288 24.56 2.6% 9.6% 26.05 15.95 11.1 1.4 2.9%
9 DP WORLD LTD AE 18,675 22.50 0.2% 28.5% 23.85 15.53 18.2 1.9 1.7%
10 EMAAR PROPERTIES PJSC AE 16,727 8.58 1.1% 20.3% 8.95 6.37 11.0 1.4 1.7%
11 JABAL OMAR DEVELOPMENT CO SJSC SA 16,506 66.60 -1.0% -10.9% 76.00 51.25 71.1 6.0 0.0%
12 SAUDI ARABIAN MINING CO SJSC SA 16,078 51.60 -1.3% 32.3% 54.00 31.10 235.7 2.3 0.0%
13 NATIONAL BANK OF KUWAIT SAKP KW 15,475 789.00 3.7% 27.5% 800.00 533.33 15.5 1.5 3.6%
14 ALMARAI CO SJSC SA 15,168 71.10 -0.3% 3.8% 98.30 53.25 27.6 4.2 1.3%
15 INDUSTRIES QATAR QSC QA 14,997 92.00 0.3% -21.7% 122.00 85.00 21.4 1.7 4.3%
16 SAMBA FINANCIAL GROUP SJSC SA 12,906 24.20 0.8% -0.6% 27.10 15.90 9.8 1.1 3.9%
17 EMIRATES NBD BANK PJSC AE 12,485 8.25 -1.6% -2.8% 9.00 7.60 6.7 0.8 4.8%
18 EMIRATES ISLAMIC BANK PJSC AE 11,829 8.00 0.9% 0.0% 11.95 1.57 125.1 6.1 0.0%
19 KUWAIT FINANCE HOUSE KSCP KW 11,772 616.00 2.5% 25.5% 650.00 418.18 18.4 1.9 2.5%
20 SAUDI BRITISH BANK SJSC SA 10,680 26.70 -1.5% 6.8% 28.55 16.40 10.6 1.2 2.6%
21 KINGDOM HOLDING CO SA 10,277 10.40 -1.0% -13.0% 12.95 9.80 68.2 1.3 4.8%
22 ABU DHABI COMMERCIAL BANK PJSC AE 10,120 7.15 0.7% 3.6% 7.68 5.66 9.4 1.2 5.6%
23 RIYAD BANK SJSC SA 9,392 11.74 -0.3% 1.6% 12.06 8.55 12.1 1.0 5.5%
24 BANQUE SAUDI FRANSI SJSC SA 9,385 29.20 -3.3% 11.9% 33.40 18.00 10.1 1.1 3.6%
25 YANBU NATIONAL PETROCHEMICALS CO SA 8,775 58.50 -1.3% 8.3% 61.75 44.00 15.2 2.1 5.1%
26 DUBAI ISLAMIC BANK PJSC AE 8,222 6.11 1.0% 9.7% 6.29 5.01 9.6 1.2 7.4%
27 EMAAR MALLS PJSC AE 8,186 2.31 -0.9% -11.8% 2.80 2.30 15.7 1.8 4.3%
28 MOBILE TELECOMMUNICATIONS CO KSCP KW 7,888 550.00 7.4% 34.1% 569.00 330.00 13.7 1.8 6.4%
29 MASRAF AL RAYAN QPSC QA 7,239 35.82 -3.5% -4.7% 45.40 33.05 13.1 2.2 5.6%
30 OOREDOO QSC QA 7,146 82.80 0.0% -18.7% 116.10 80.00 14.5 1.2 4.2%
31 ALINMA BANK SJSC SA 7,104 17.76 1.6% 17.6% 18.46 11.15 16.4 1.4 2.8%
32 SAUDI ARABIA FERTILIZERS CO SJSC SA 6,900 62.10 1.3% 0.0% 82.00 59.00 23.9 3.8 0.0%
33 EMIRATES INTEGRATED TELECOMM AE 6,759 5.43 1.5% -12.4% 6.49 5.20 15.1 3.2 6.3%
34 EZDAN HOLDING GROUP QSC QA 6,540 9.15 -12.9% -39.4% 17.22 9.10 11.9 0.8 5.5%
35 ARAB NATIONAL BANK SA 6,432 24.12 0.3% 8.9% 25.50 14.25 8.3 1.0 3.7%
Data and News Source: Thomson Reuters
Top 50 MENA Stocks by Market Capitalization (* indicates native currency; Latest data)
Weekly Investment Report
Sunday, October 08, 2017
7
Company Name Country Market Cap (USD mln)
Close * MTD % YTD % 52w High
* 52w Low
* P/E P/B
Dividend Yield
36 DAMAC PROPERTIES DUBAI CO PSC AE 6,425 3.90 2.6% 54.2% 4.57 1.91 7.1 1.9 6.4%
37 SAVOLA GROUP COMPANY SJSC SA 6,386 44.85 -1.4% 11.8% 51.00 27.80 0.0 2.8 0.0%
38 QATAR ISLAMIC BANK QPSC QA 5,847 91.83 0.8% -11.6% 110.50 86.90 0.0 1.2 0.0%
39 AHLI UNITED BANK BSC BA 5,252 0.70 -1.4% 19.5% 0.79 0.57 9.5 1.3 5.9%
40 COMMERCIAL INTERNATIONAL BANK EGP EG 5,237 79.47 -2.6% 8.7% 88.80 50.11 16.2 3.8 0.6%
41 QATAR ELECTRICITY AND WATER CO QSC QA 5,175 174.60 -0.1% -23.1% 247.90 171.52 12.3 2.4 4.3%
42 ALDAR PROPERTIES PJSC AE 4,945 2.31 -0.9% -12.2% 2.78 2.10 6.6 0.8 4.8%
43 MESAIEED PETROCHEMICAL HOLDING CO QA 4,407 13.02 0.0% -17.6% 17.30 12.00 16.8 1.2 0.0%
44 AGILITY PUBLIC WAREHOUSING CO KSCP KW 3,981 901.00 1.6% 59.9% 984.00 418.18 19.1 1.2 1.4%
45 QATAR INSURANCE CO SAQ QA 3,783 50.63 -3.3% -31.3% 77.39 49.00 14.5 1.4 2.6%
46 MAKKAH CONSTRUCTION AND DEVELOP SA 3,709 84.40 -1.7% -6.7% 123.50 81.50 0.0 1.7 3.0%
47 ALAWWAL BANK SA 3,658 12.00 -2.9% -14.0% 14.20 8.25 20.8 1.1 0.0%
48 JARIR MARKETING CO SJSC SA 3,605 150.20 -2.5% 29.8% 158.80 81.25 16.8 9.1 4.9%
49 SAUDI KAYAN PETROCHEMICAL CO SJSC SA 3,572 8.93 -1.2% 0.9% 9.85 5.65 17.7 1.0 0.0%
50 MASHREQBANK PSC AE 3,529 73.00 -1.4% 17.7% 100.05 59.95 6.6 0.7 5.5%
Total MCap; Weighted Avg Div Yield 668,163 3.6%
Data and News Source: Thomson Reuters
Top 50 MENA Stocks by Market Capitalization — Continued (* indicates native currency; Latest data)
Weekly Investment Report
Sunday, October 08, 2017
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