Daily Market Report

Daily Market Report
Saudi Arabia Stock Exchange
November 3 2014
`
TASI Index
Turnover (SAR mn)
10,099.3
5,789.8
Global commentary
TASI Intra Day Movement
15:30
15:15
15:00
14:45
14:30
14:15
14:00
13:45
13:30
13:15
Previous Close
13:00
12:45
12:15
12:00
11:45
11:30
11:15
11:00
12:30
Intraday
10,180
10,160
10,140
10,120
10,100
10,080
10,060
10,040
10,020
10,000
9,980
9,960
Research Department
[email protected]
Tel:+966 11 211 9332/Fax: +966 11 2119422
0.64%
-10%

Earnings results of US media and consumer companies are likely to
impact the market direction this week. On the economic front,
manufacturing PMI index will be released on Monday followed by
non-manufacturing PMI index on Wednesday. Data on jobless
claims will be released on Thursday. Data pertaining to
unemployment rate and nonfarm payrolls will be released on Friday.

In Europe, the week will start with the PMI index of the Euro zone
by the Markit Economics on Monday. The retail sales data of Euro
zone will be released on Wednesday. On Thursday, European
Central Bank (ECB) and The Bank of England (BOE) will be
announcing their decisions on interest rates. ECB will also release its
monetary policy statement the same day. Economic growth forecasts
by the European Commission will also be released on Thursday.

GCC markets advanced on Sunday on strong global markets. Dubai
rose 1.6% led by Real Estate stocks, Emaar Properties and Arabtec
which gained 4% and 1% respectively. Abu Dhabi gained 1.4% pulled
up by First Gulf Bank which added 3.6%. Qatar added 0.9% led by
Barwa Real Estate that surged 3.4%. The indices of Oman and
Bahrain added 0.8% and 0.2% respectively while Kuwait was flat.

Asian markets are trading mixed this morning as investors focussed
on earnings and private manufacturing gauges for China and India.
The Nikkei and the Shanghai Composite indices are trading up 4.8%
and 0.6% respectively. On the other hand, the KOSPI and Hang Seng
indices are trading down 0.7% and 0.1% respectively.
TASI – Activity Trend (Last 10 Days)
Thousands
Turnover (LHS, SAR bn)
TASI Index (RHS)
10
10,400
8
10,200
6
10,000
4
9,800
2
2-Nov
30-Oct
29-Oct
28-Oct
27-Oct
26-Oct
23-Oct
22-Oct
21-Oct
9,600
20-Oct
-
Regional Indices
WTD%
0.6
0.9
0.0
1.4
1.6
0.8
0.1
0.7
YTD%
18.3
31.3
-2.5
14.9
37.0
2.8
15.8
16.9
Major Com m odities / Currencies
Close 1D % WTD %
Gold Spot $/Oz
1,169
-0.4
-0.4
Silver Spot $/Oz
15.94
-1.4
-1.4
Crude Oil (Brent)
85.64
-0.3
-0.3
OPEC Basket
82.79
-0.5
0.4
Euro
1.25
-0.3
-0.3
USD Index
87.16
0.3
0.3
JPY
112.740 -0.4
-0.4
YTD %
-3.1
-18.1
-19.5
-23.3
-9.5
8.9
-6.6
Major Global Indices
Close
DJ Industrial
17,391
S&P 500
2,018
Nikkei 225
16,414
Hang seng
23,942
FTSE 100
6,546
CAC 40
4,233
MSCI World
1,708
MSCI EM
1,016
YTD %
4.9
9.2
0.8
2.7
-3.0
-1.5
2.8
1.3
KSA (TASI)
Qatar (DSM)
Kuw ait (KSE)
Abu Dhabi (ADSM)
Dubai (DFM)
Oman (MSM30)
Bahrain (BSE)
MSCI GCC
Close
10,099
13,623
7,360
4,927
4,616
7,028
1,446
651
1D%
0.6
0.9
0.0
1.4
1.6
0.8
0.1
0.7
TASI bounced back

TASI gained 0.6% in Sunday, recovering part of last week’s losses, to
close at 10,099. 13 out of 15 sectors gained led by large and medium
sized sectors. Advance to decline ratio was 125/26, while trading
turnover was low at SAR5.7bn.

Insurance and Media gained the most on Sunday’s trade with
Insurance up 1.7% and Media up 1.9%. The other major sectors,
Banking and Petrochemicals also gained 0.8%, each. Among other
sectors, Retail was up 1.1%, while Real Estate and Building gained
marginally.
Major News
1D % WTD %
1.1
0.0
1.2
0.0
4.8
0.0
-0.2
-0.2
1.3
0.0
2.2
0.0
1.1
0.0
0.8
0.0

Sipchem announced Methanol maintenance shutdown:
Sipchem said that it will stop the IMC plant to carry out periodic
maintenance and some reforms in line with the standards required
for preventive maintenance and raise the level of reliability. It is
expected that the stop lasts about three weeks, starting from
05/11/2014, which will increase the efficiency and quantity of
production. (Tadawul)

Taiba Holding distributes SAR0.3 per share to
shareholders: Board of Directors of Taiba Holding Co. decided in
their meeting held on 02/11/2014 to distribute dividends for 2014
with total amount of SAR45mn, SAR0.30 per share. (Tadawul)
Interest Rates
1M
3M
12M 3M Chg 1Y
LIBOR (USD)
0.16
0.23
0.55
-0.01
SAIBOR
0.63
0.91
1.08
-0.05
EIBOR
0.39
0.69
1.02
-0.13
Source: Bloomberg
Updated as of
03/Nov/2014 8:23 AM
Disclosures: Please refer to the important disclosures at the back of this report.
1
Daily Market Report
Saudi Arabia Stock Exchange
TASI – Large Cap (>10% Index weight) Sectors’ Performance TASI – Top Gainers / Losers
1D % (LHS)
1.0
MTD % (LHS)
YTD % (RHS)
0.8
25.0
20.0
0.6
0.4
15.0
0.2
10.0
0.0
5.0
-0.2
-0.4
0.0
TASI
Petrochem
Banks
Telecom
TASI – Mid Cap (5 -10% index weight) Sectors’ Performance
1D % (LHS)
1.8
1.6
1.4
1.2
1.0
0.8
0.6
0.4
0.2
0.0
-0.2
MTD % (LHS)
42.0
41.0
40.0
39.0
38.0
37.0
Real Estate
Agri
36.0
TASI – Small Cap (<5% index weight) Sectors’ Performance
1D % (LHS)
2
MTD % (LHS)
YTD % (RHS)
50.0
40.0
2
30.0
1
20.0
1
10.0
Media
Hotels
Multi invt
Transport
Energy
Retail
Building
Industries
Cement
0
-1
0.0
-10.0
Vol (mn) Value Trd (SAR mn)
4.152
178.09
0.673
17.29
1.176
64.04
0.265
31.57
0.943
35.09
Company
Arabia Insurance
ME Spec Cables
Saudi Fisheries
Kingdom Hold
Al Babtain Pow er
Chg %
-7.0
-5.8
-4.5
-2.3
-2.1
Vol (mn) Value Trd (SAR mn)
1.442
32.44
2.430
44.48
2.788
88.96
0.895
19.63
0.873
37.06
Last Price
21.3
17.7
32.0
21.9
42.3
TASI – Top Index Movers / Losers (Heavy weight stocks)
% Diff
3.1%
3.4%
3.9%
4.6%
4.8%
Company
Samba
Sabb Takaful
Sabic
Al Rajhi Bk
Jarir Mktg
Last Price
46.74
59.02
111.52
65.72
192.10
Chg %
2.1
2.2
0.6
0.5
1.6
Index Imp Value Trd (SAR mn)
6.3
1.21
4.6
0.13
4.4
2.94
4.0
8.56
2.9
0.05
Company
STC
Kingdom Hold
ME Spec Cables
Co For Coop Ins
Al Babtain Pow er
Last Price
74.02
21.87
17.68
74.36
42.25
Chg %
-0.4
-2.3
-5.8
-1.2
-2.1
Index Imp Value Trd (SAR mn)
-1.2
135.56
-1.0
19.63
-0.7
44.48
-0.5
43.39
-0.4
37.06
Chg %
0.6
-0.1
0.7
0.5
1.1
7.2
0.5
-0.2
0.3
0.7
Vol (mn) Value Trd (SAR mn)
20.548
494.20
17.079
221.68
10.389
103.43
8.555
563.02
5.039
74.11
4.152
178.09
3.439
58.67
3.201
77.79
3.017
226.11
2.940
114.35
TASI – Volume Leaders
Company
Last Price
Alinma Bk
24.00
Dar Al Arkan
12.89
Zain Saudi
9.89
Al Rajhi Bk
65.72
Saudi Kayan
14.65
Basic Chemical Ind
43.61
Saudi Elec
17.04
Solidarity Saudi
23.91
Abd A.M. Al Khodari
73.28
Maaden
38.69
TASI - Stocks Closer to 52 Week Low
TASI – Stocks Closer to 52 Week High
Company
Last Price 52Wk High
Al Mouw asat
133.41
137.50
STC
74.02
76.50
United Co-Operat
31.47
32.70
Saudi Arab Coop Ins 55.47
58.00
Almarai
79.92
83.75
Chg %
7.2
6.7
6.5
5.0
4.8
YTD % (RHS)
43.0
Insurance
Company
Last Price
Basic Chemical Ind
43.61
Saudi Printing & Pkg
26.19
Saudi Arab Coop Ins
55.47
Al Alamiya Coope
119.72
Tabuk Agriculture
37.91
Value Trd (SAR mn)
9.182
135.563
80.091
64.039
56.235
Company
Mobily
Weqaya For Takaf
Astra Industrial Gp
Tabuk Cement
Tihama
Last Price 52Wk Low
79.95
79.00
19.39
19.15
44.12
43.00
28.32
27.50
95.56
92.50
% Diff
1.2%
1.3%
2.6%
3.0%
3.3%
Value Trd (SAR mn)
0.000
0.000
0.000
0.000
18.394
Source: Al Rajhi Capital, Bloomberg
Disclosures Please refer to the important disclosures at the back of this report.
2
Daily Market Report
Saudi Arabia Stock Exchange
Performance of Regional markets
Country
Saudi Arabia
Qatar
Dubai
Abu Dhabi
Kuw ait
Oman
Bahrain
Last
Close
10,099
13,623
4,616
4,927
7,360
7,028
1,446
Index Change (%)
1D
1M
YTD
0.6
0.6
18.3
0.9
0.9
31.3
1.6
1.6
37.0
1.4
1.4
14.9
0.0
0.0
-2.5
0.8
0.8
2.8
0.1
0.1
15.8
MCap
US$ bn
547
169
85
122
111
20
22
Volume
mn shr
157
10.0
170
60
124
32
0.6
Turnover
US$ mn
1,543
118
150
53
52
24
0.3
P/E (x)
2013
16.3
15.7
16.6
13.1
NA
11.5
NA
P/E (x)
Current
19.1
17.5
17.9
13.6
19.1
9.9
11.1
P/E (x)
2014E
14.3
13.8
13.9
12.2
NA
10.5
NA
P/B (x)
Current
2.4
2.2
1.7
1.7
1.2
1.6
1.0
Div Yld
12M (%)
2.9
3.4
2.1
3.4
3.7
3.9
4.7
Source: Al Rajhi Capital, Bloomberg
2-Nov
Company
Mashreq Bk
Gulf General Inv
ENBD
Takaful Emarat Ins
Shuaa Capital
Last Price Change %
126.05
-3.1
0.93
-1.5
9.60
-1.0
0.78
-1.0
0.98
-0.4
Vol (mn)
0.00
0.15
0.71
0.20
0.42
Company
Abu Dhabi Ship
RAK Cement
Finance House
FGB
Aldar Prop
Last Price Change %
2.44
5.2
1.07
4.9
4.20
3.7
18.75
3.3
3.29
2.8
Vol (mn)
0.037
0.020
0.001
3.089
9.637
Services
Transport
Investment
Insurance
Reality
Bank
Telcom
Consumer
Insurance
-20.0
Company
Green Crescent Ins
Sharjah Insur Co
Natl Corp Tou Ho
Arkan Building Mat
Rak Properties
Last Price Change %
0.87
-9.4
3.90
-9.3
6.50
-7.0
1.47
-3.3
0.82
-1.2
Vol (mn)
0.000
0.003
0.050
0.406
4.046
-30.0
1D % (LHS)
MTD % (LHS)
Qatar – Top Gainers / Losers
YTD % (RHS)
1.6
1.4
1.2
1.0
0.8
0.6
0.4
0.2
0.0
80.0
70.0
60.0
50.0
40.0
30.0
20.0
10.0
0.0
Disclosures Please refer to the important disclosures at the back of this report.
Insurance
2-Nov
30-Oct
12,400
29-Oct
12,800
0.0
28-Oct
0.3
27-Oct
13,200
26-Oct
13,600
0.6
23-Oct
0.9
22-Oct
14,000
21-Oct
-10.0
-40.0
Real Estate
DSM Index (RHS)
Vol (mn)
1.47
22.78
14.79
4.17
0.38
0.0
Qatar – Sector Performances
1.2
20-Oct
10.0
Transport
Turnover (LHS, QAR bn)
20.0
Consumer
Qatar – Activity Trend (Last 10 Days)
30.0
Telecom
30-Oct
29-Oct
28-Oct
27-Oct
26-Oct
23-Oct
22-Oct
21-Oct
4,500
20-Oct
0.0
40.0
Services
4,650
Last Price Change %
2.54
10.9
0.53
9.0
10.40
4.0
1.35
2.3
5.50
2.2
Abu Dhabi – Top Gainers / Losers
YTD % (RHS)
Industrial
4,800
MTD % (LHS)
Fin.Services
4,950
1D % (LHS)
2.5
2.0
1.5
1.0
0.5
0.0
-0.5
-1.0
-1.5
-2.0
-2.5
Banks
5,100
Abu Dhabi – Sector Performances
Telecome
ADSMI Index (RHS)
-60.0
Energy
Turnover (LHS, AED bn)
0.5
Company
Ajman Bank
Gulf Navigation
Emaar Prop
Air Arabia
Du
-30.0
0.0
Real Estate
Abu Dhabi – Activity Trend (Last 10 Days)
90.0
0.0
Bank
27-Oct
26-Oct
23-Oct
22-Oct
21-Oct
20-Oct
0.0
YTD % (RHS)
30.0
DFM
0.4
MTD % (LHS)
Dubai – Top Gainers / Losers
60.0
DSM
0.8
1D % (LHS)
5.0
2-Nov
1.2
30-Oct
1.6
29-Oct
DFMGI Index (RHS)
4,800
4,700
4,600
4,500
4,400
4,300
4,200
28-Oct
Turnover (LHS, AED bn)
Dubai – Sector Performances
ADSM
Dubai – Activity Trend (Last 10 Days)
Company
Barw a Real Est
Vodafone Qatar
Doha Bank
Qatar Electric
QNB
Last Price Change %
44.40
3.4
21.20
2.4
58.90
1.6
185.00
1.5
217.50
1.5
Vol (mn)
2.229
1.995
0.227
0.101
0.101
Company
Ooredoo
CBQ
United Devt Co
NA
NA
Last Price Change %
123.00
-0.4
73.70
-0.3
26.60
-0.2
NA
NA
NA
NA
Vol (mn)
0.075
0.413
0.472
NA
NA
3
Daily Market Report
Saudi Arabia Stock Exchange
1D % (LHS)
Oman – Activity Trend (Last 10 Days)
Turnover (LHS, OMR mn)
MSM30 Index (RHS)
7,050
12
7,000
1D % (LHS)
MTD % (LHS)
Oil&Gas
YTD % (RHS)
2-Nov
-8.0
-10.0
1D % (LHS)
MTD % (LHS)
Services
Company
Last Price Change %
Union Real Estate
150
-6.3
Kuw ait Utd Poultry
180
-5.3
Human Soft
385
-4.9
Taiba Kuw aiti Holdg
80
-4.8
Mena Real Estate
42
-4.6
Vol (mn)
0.029
0.010
0.006
0.004
0.517
Company
Last Price Change %
Oman & Emir (O) 50
0.186
6.3
Gulf Invest Svcs
0.208
6.1
Natl Alum Prod
0.290
4.7
Al Sharqiya Inv
0.191
4.4
Al Anw ar Holding
0.316
4.0
Vol (mn)
6.174
3.066
1.412
1.410
9.850
Company
Bank Nizw a
Al Maha Petroleum
NA
NA
NA
Vol (mn)
0.419
0.075
NA
NA
NA
YTD % (RHS)
20.0
10.0
5.0
0.0
Company
NBB
Seef Properties
BBK
NA
NA
Last Price Change %
0.860
1.2
0.212
1.0
0.462
0.4
NA
NA
NA
NA
Vol (mn)
0.002
0.175
0.005
NA
NA
Company
Last Price Change %
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
Vol (mn)
NA
NA
NA
NA
NA
Services
-5.0
Industries
Last Price Change %
0.088
-1.1
2.445
-0.2
NA
NA
NA
NA
NA
NA
Bahrain – Top Gainers / Losers
15.0
Insurance
1,425
0.4
0.3
0.3
0.2
0.2
0.1
0.1
0.0
Hotel & Tourism
-
Industry
Bahrain – Sector Performances
Banks
1,430
Bank
2-Nov
5.0
30-Oct
1,435
29-Oct
10.0
28-Oct
1,440
27-Oct
15.0
23-Oct
1,445
22-Oct
20.0
21-Oct
-6.0
MSM 30
BHSEASI Index (RHS)
Vol (mn)
0.301
0.053
0.211
0.018
0.021
-4.0
0.4
0.0
1,450
20-Oct
-2.0
0.6
0.2
25.0
19-Oct
0.0
0.8
BSE
30-Oct
29-Oct
28-Oct
27-Oct
23-Oct
22-Oct
6,800
21-Oct
0
20-Oct
6,850
19-Oct
4
6.0
2.0
6,950
Bahrain – Activity Trend (Last 10 Days)
Thousands
-15.0
4.0
1.0
6,900
Last Price Change %
116
9.4
97
5.4
425
4.9
97
4.3
49.5
4.2
Oman – Top Gainers / Losers
1.2
Turnover (LHS, BHD mn)
-10.0
-20.0
1.4
Company
Securities Group
Energy House Hol
Tamdeen Real Est
First Dubai Real Est
Real Estate Trad
-5.0
Oman – Sector Performances
16
8
Healthcare
Insurance
Basic material
Telecom
Parallel
Services
0.0
Consumer
2-Nov
30-Oct
29-Oct
28-Oct
27-Oct
26-Oct
23-Oct
22-Oct
21-Oct
20-Oct
0
5.0
Bank
5
0.4
0.2
0.0
-0.2
-0.4
-0.6
-0.8
-1.0
-1.2
Industrial
10
0.6
Real estate
15
YTD % (RHS)
10.0
Investment
20
MTD % (LHS)
Kuwait – Top Gainers / Losers
0.8
KSE
7,440
7,420
7,400
7,380
7,360
7,340
7,320
7,300
7,280
7,260
Fin. Services
Turnover (LHS, KWD mn)
KWSEIDX Index (RHS)
25
Kuwait – Sector Performances
Technology
Thousands
Kuwait – Activity Trend (Last 10 Days)
NA
NA
NA
NA
NA
Source: Bloomberg, Al Rajhi Capital
Disclosures Please refer to the important disclosures at the back of this report.
4
Daily Market Report
Saudi Arabia Stock Exchange
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