Daily Market Report

Daily Market Report
Saudi Arabia Stock Exchange
November 9 2014
`
TASI Index
Turnover (SAR mn)
9,649.3
7,282.8
Global commentary
TASI Intra Day Movement
Intraday
9,660
Research Department
[email protected]
Tel:+966 11 211 9332/Fax: +966 11 2119422
0.21%
-1%
Previous Close

US markets advanced marginally last week amid economic growth
optimism. A positive report on jobs data and the end of the Federal
Reserve’s stimulus program gave hopeful signal on the economy.
The Dow and the S&P 500 indices gained 1.0% and 0.7%
respectively. The Nasdaq was flat over the week.

European markets edged down last week. The decision by the ECB to
adopt new easing measures if needed with interest rates unchanged
weighed on the markets. The CAC 40 slipped 1.0% while the DAX 30
slid 0.4% for the week. The FTSE 100 bucked the negative trend and
advanced 0.3% for the week.

GCC markets ended lower last week on falling prices of crude oil.
The indices of Dubai and Kuwait slipped 3.1% each while Abu Dhabi
and Oman slid 1.5% and 0.8% respectively. Bahrain edged down
0.2% while Qatar edged up 0.7%.

Most Asian stocks ended lower last week. The Hang Seng and the
Kospi indices ended the week 1.9% and 1.3% lower respectively. The
Shanghai Composite edged down 0.1% for the week while the Nikkei
ended the week up 2.8%.
9,640
9,620
9,600
9,580
9,560
15:30
15:15
15:00
14:45
14:30
14:15
14:00
13:45
13:30
13:15
13:00
12:45
12:30
12:15
12:00
11:45
11:30
11:15
11:00
9,540
TASI – Activity Trend (Last 10 Days)
Thousands
Turnover (LHS, SAR bn)
TASI Index (RHS)
10
10,400
10,200
10,000
9,800
9,600
9,400
9,200
8
6
4
2
6-Nov
5-Nov
4-Nov
3-Nov
2-Nov
30-Oct
29-Oct
28-Oct
27-Oct
26-Oct
-
Regional Indices
Close
KSA (TASI)
9,649
Qatar (DSM)
13,590
Kuw ait (KSE)
7,135
Abu Dhabi (ADSM) 4,790
Dubai (DFM)
4,406
Oman (MSM30)
6,921
Bahrain (BSE)
1,441
MSCI GCC
623
1D%
0.2
0.5
-0.8
-0.8
0.1
0.1
-0.2
0.0
WTD%
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
YTD%
13.0
30.9
-5.5
11.7
30.8
1.3
15.4
11.8
Major Com m odities / Currencies
Close 1D % WTD %
Gold Spot $/Oz
1,178
3.2
0.4
Silver Spot $/Oz
15.79
2.4
-2.3
Crude Oil (Brent)
83.39
0.6
0.0
OPEC Basket
78.27
0.2
-4.5
Euro
1.25
0.5
-0.6
USD Index
87.64
-0.4
0.0
JPY
114.600 0.3
-2.0
YTD %
-2.3
-18.9
-21.6
-27.5
-9.7
9.5
-8.2
Major Global Indices
Close
DJ Industrial
17,574
S&P 500
2,032
Nikkei 225
16,880
Hang seng
23,550
FTSE 100
6,567
CAC 40
4,190
MSCI World
1,707
MSCI EM
988
YTD %
6.0
9.9
3.6
1.0
-2.7
-2.5
2.8
-1.5
1D % WTD %
0.1
0.0
0.0
0.0
0.5
0.0
-0.4
0.0
0.2
0.0
-0.9
0.0
0.0
0.0
-0.4
0.0
TASI gains 0.2%

TASI advanced 0.2% to close at 9,649.2 on Thursday. Out of 15
sectors, 10 sectors gained while the remaining 5 sectors declined.
Advance-decline ratio was 80/63 while trading turnover was at
SAR7.2bn.

Among major sectors, Petrochemical and Banks & Financial services
gained 0.9% and 0.7% respectively. Transport and Hotel & Tourism
sectors also gained 2.3% and 1.5% respectively. Among the sectors
that declined, Telecommunication and IT was down 4.8% and real
estate was down 0.09%.
Major News

Savola and Takween extend talks over potential plastics
unit sale: Savola Group has agreed on a seven-week extension of
talks with Takween Advanced Industries over the sale of its plastics
business. Savola said in July it had entered a non-binding agreement
with Takween to sell its entire share capital in Savola Packaging Co
as it looked to focus on its core sectors of food and retailing.
(Zawya)

Mobily will not distribute dividends in 3Q 2014: Mobily
Announced the Board of Directors decision on 06/11/2014 regarding
the recommendation that was submitted on 05/11/2014 for not
distributing cash dividend for the third quarter of fiscal year 2014. It
is worth mentioning that the earlier decision is related to the third
quarter only, whereas the company will evaluate the feasibility of
distribution of dividends for the coming quarters, in line with the
company goals and aspirations of the investors. (Tadawul)
Interest Rates
1M
3M
12M 3M Chg 1Y
LIBOR (USD)
0.16
0.23
0.57
-0.01
SAIBOR
0.63
0.90
1.08
-0.06
EIBOR
0.38
0.68
1.02
-0.14
Source: Bloomberg
Updated as of
09/Nov/2014 8:12 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)
2.0
0.0
-2.0
-4.0
-6.0
-8.0
-10.0
-12.0
-14.0
-16.0
-18.0
MTD % (LHS)
YTD % (RHS)
20.0
15.0
10.0
5.0
0.0
-5.0
-10.0
-15.0
TASI
Petrochem
Banks
Telecom
TASI – Mid Cap (5 -10% index weight) Sectors’ Performance
1D % (LHS)
MTD % (LHS)
38.0
0.0
37.0
Real Estate
Agri
-1.0
36.0
-2.0
35.0
-3.0
34.0
-4.0
33.0
-5.0
32.0
TASI – Small Cap (<5% index weight) Sectors’ Performance
1D % (LHS)
3
MTD % (LHS)
YTD % (RHS)
2
30.0
Media
Hotels
Multi invt
Transport
Energy
Retail
Building
Industries
Cement
0
-2
50.0
40.0
1
-1
20.0
10.0
0.0
-3
-4
-10.0
-5
-20.0
Chg %
5.3
3.9
3.5
3.5
3.4
Vol (mn) Value Trd (SAR mn)
0.865
28.18
8.809
185.72
1.952
64.03
0.124
16.04
0.363
22.97
Company
Last Price
Mobily
58.5
Amana Coop Ins
22.1
Basic Chemical Ind
38.9
Abd A.M. Al Khodari
68.9
ANB Ins
66.3
Chg %
-10.0
-10.0
-3.3
-3.0
-1.8
Vol (mn) Value Trd (SAR mn)
36.075
2111.27
0.245
5.41
2.089
82.31
2.473
178.51
0.229
15.25
TASI – Top Index Movers / Losers (Heavy weight stocks)
% Diff
2.2%
2.4%
5.2%
5.6%
6.8%
Company
Sabic
Alinma Bk
Savola
Sabb Takaful
Samba
Last Price
104.96
23.29
82.11
57.00
44.98
Chg %
2.3
2.4
1.5
2.6
1.4
Index Imp Value Trd (SAR mn)
16.4
3.83
6.2
30.29
5.2
0.42
5.1
0.20
4.2
1.14
Company
Mobily
Jabal Omar
Almarai
Jarir Mktg
Safco
Last Price
58.50
50.54
74.84
185.75
155.99
Chg %
-10.0
-1.0
-1.0
-0.7
-0.5
Index Imp Value Trd (SAR mn)
-32.0
2111.27
-3.2
51.19
-1.7
56.73
-1.4
23.98
-1.0
16.70
TASI – Volume Leaders
Company
Mobily
Alinma Bk
Dar Al Arkan
ME Spec Cables
Saudi Kayan
Zain Saudi
Maaden
Sabic
Axa Cooperative
Sahara Petro
Last Price
58.50
23.29
12.10
21.20
14.17
9.50
36.15
104.96
48.40
19.04
Chg %
-10.0
2.4
-0.3
3.9
1.1
0.1
0.5
2.3
3.2
-0.8
Vol (mn) Value Trd (SAR mn)
36.075
2111.27
30.291
701.49
8.912
108.17
8.809
185.72
7.177
101.10
6.512
61.79
3.955
142.74
3.833
400.75
2.914
141.40
2.865
54.73
TASI - Stocks Closer to 52 Week Low
TASI – Stocks Closer to 52 Week High
Company
Last Price 52Wk High
Saudi Arab Coop Ins 56.74
58.00
ME Spec Cables
21.20
21.70
Bupa Arabia
161.43
169.75
Al Mouw asat
130.20
137.50
Med & Gulf Ins
73.97
79.00
Last Price
33.53
21.20
33.06
130.20
63.95
YTD % (RHS)
1.0
Insurance
Company
Saudi Fisheries
ME Spec Cables
National Shipp
Al Mouw asat
Saudi Chem Co
Value Trd (SAR mn)
41.776
185.725
21.959
16.044
36.860
Company
Mobily
Amana Coop Ins
Weqaya For Takaf
Tabuk Cement
Etihad Atheeb
Last Price 52Wk Low
58.50
58.50
22.10
22.10
19.39
19.15
28.00
27.50
9.49
9.25
% Diff
0.0%
0.0%
1.3%
1.8%
2.6%
Value Trd (SAR mn)
0.000
0.000
0.000
0.000
26.186
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
9,649
13,590
4,406
4,790
7,135
6,921
1,441
Index
1D
0.2
0.5
0.1
-0.8
-0.8
0.1
-0.2
Change (%)
1M
YTD
-3.8
13.0
0.7
30.9
-3.1
30.8
-1.5
11.7
-3.1
-5.5
-0.8
1.3
-0.2
15.4
MCap
US$ bn
520
168
81
119
108
19
22
Volume
mn shr
183
8.0
230
133
229
16
1.1
Turnover
US$ mn
1,941
108
206
75
97
130
0.6
P/E (x)
2013
15.5
15.7
15.8
12.7
NA
11.4
NA
P/E (x)
Current
18.5
17.5
17.1
13.2
18.6
9.7
11.0
P/E (x)
2014E
13.7
13.8
13.3
11.9
NA
10.4
NA
P/B (x)
Current
2.3
2.2
1.6
1.6
1.2
1.5
1.0
Div Yld
12M (%)
3.0
3.4
2.2
3.5
3.8
4.1
4.7
Source: Al Rajhi Capital, Bloomberg
6-Nov
6-Nov
5-Nov
4-Nov
3-Nov
2-Nov
30-Oct
13,200
Services
Telcom
Transport
Investment
Consumer
Insurance
Services
YTD % (RHS)
80.0
2.0
70.0
1.0
60.0
0.0
50.0
-1.0
-3.0
29-Oct
-20.0
3.0
-2.0
0.3
MTD % (LHS)
40.0
30.0
20.0
-4.0
10.0
-5.0
0.0
Disclosures Please refer to the important disclosures at the back of this report.
Company
Dubai Islamic Ins
Takaful Emarat Ins
Shuaa Capital
Emaar Prop
Air Arabia
Last Price Change %
0.90
-3.1
0.80
-3.0
0.87
-2.6
9.85
-1.4
1.31
-0.8
Vol (mn)
0.21
0.12
0.68
24.95
12.90
Company
Green Crescent Ins
Arkan Building Mat
Gulf Pharma Ind
Methaq Takaful
Eshraq Propertie
Last Price Change %
0.94
13.3
1.53
9.3
3.24
4.5
0.99
4.2
1.06
3.9
Vol (mn)
0.031
0.081
0.069
0.217
47.166
Company
Fujairah Cement
Intl Fish Farming
Abu Dhabi Ship
FGB
RAK Ceramics
Last Price Change %
1.35
-10.0
6.10
-6.9
2.29
-6.2
17.80
-3.3
3.25
-3.0
Vol (mn)
0.004
0.011
0.002
2.130
0.017
Qatar – Top Gainers / Losers
Insurance
13,600
0.0
-10.0
-40.0
1D % (LHS)
Vol (mn)
14.46
7.85
0.39
0.74
0.10
0.0
-30.0
Real Estate
0.9
28-Oct
Insurance
Reality
Bank
10.0
Transport
14,000
0.6
20.0
Consumer
1.2
YTD % (RHS)
Qatar – Sector Performances
DSM Index (RHS)
Last Price Change %
2.50
4.2
7.48
1.6
0.66
1.5
0.69
1.5
9.45
0.9
Abu Dhabi – Top Gainers / Losers
30.0
Telecom
Qatar – Activity Trend (Last 10 Days)
MTD % (LHS)
Company
Ajman Bank
DIB
Takaful House
Islamic Arab Ins
ENBD
-30.0
40.0
Bank
5-Nov
4-Nov
3-Nov
2-Nov
30-Oct
29-Oct
28-Oct
4,650
27-Oct
0.0
1D % (LHS)
4.0
3.0
2.0
1.0
0.0
-1.0
-2.0
-3.0
-4.0
-5.0
-6.0
Industrial
4,800
27-Oct
0.0
Abu Dhabi – Sector Performances
Fin.Services
4,950
26-Oct
60.0
-60.0
Banks
5,100
26-Oct
-10.0
Telecome
ADSMI Index (RHS)
0.5
Turnover (LHS, QAR bn)
-5.0
Energy
Abu Dhabi – Activity Trend (Last 10 Days)
Turnover (LHS, AED bn)
YTD % (RHS)
30.0
ADSM
2-Nov
30-Oct
29-Oct
28-Oct
27-Oct
26-Oct
0.0
MTD % (LHS)
0.0
Real Estate
0.4
1D % (LHS)
DSM
0.8
5.0
Dubai – Top Gainers / Losers
6-Nov
1.2
5-Nov
1.6
4-Nov
DFMGI Index (RHS)
4,800
4,700
4,600
4,500
4,400
4,300
4,200
3-Nov
Turnover (LHS, AED bn)
Dubai – Sector Performances
DFM
Dubai – Activity Trend (Last 10 Days)
Company
Barw a Real Est
Ind Qatar
Qatar Intl Is Bk
Mazaya Qatar
Qatar Navigation
Last Price Change %
45.00
2.6
194.00
1.2
85.40
1.1
23.75
1.0
100.00
1.0
Vol (mn)
1.590
0.243
0.095
0.696
0.067
Company
Ooredoo
Gulf Intl Servcs
QIsB
Vodafone Qatar
Doha Bank
Last Price Change %
119.10
-1.4
124.70
-1.3
109.20
-0.7
19.83
-0.6
58.70
-0.3
Vol (mn)
0.082
0.264
0.127
0.756
0.162
3
Daily Market Report
Saudi Arabia Stock Exchange
Kuwait – Sector Performances
1D % (LHS)
MTD % (LHS)
Kuwait – Top Gainers / Losers
YTD % (RHS)
Oil&Gas
Healthcare
Insurance
Basic material
Telecom
Consumer
Parallel
Services
Bank
Fin. Services
Industrial
Real estate
-2.0
Investment
-1.0
10.0
KSE
0.0
Technology
7,450
7,400
7,350
7,300
7,250
7,200
7,150
7,100
7,050
7,000
6-Nov
5-Nov
4-Nov
3-Nov
2-Nov
30-Oct
28-Oct
27-Oct
29-Oct
Turnover (LHS, KWD mn)
KWSEIDX Index (RHS)
30
25
20
15
10
5
0
26-Oct
Thousands
Kuwait – Activity Trend (Last 10 Days)
-5.0
-10.0
Company
Strategia Invest Co
Real Estate Trad
-20.0 Kipco Asset Mgmt
Coast Investment
-25.0
Gulf Franchising
-4.0
-15.0
-6.0
Turnover (LHS, OMR mn)
Oman – Sector Performances
MSM30 Index (RHS)
7,050
56
52
48
44
40
36
32
28
24
20
16
12
8
4
0
1D % (LHS)
1.5
MTD % (LHS)
YTD % (RHS)
4.0
1.0
2.0
0.5
0.0
0.0
6,900
-0.5
-4.0
6,850
-1.0
-6.0
-1.5
-8.0
-2.0
-10.0
Bahrain – Activity Trend (Last 10 Days)
BHSEASI Index (RHS)
-2.0
MSM 30
Bank
Industry
Services
Bahrain – Sector Performances
0.6
1D % (LHS)
MTD % (LHS)
YTD % (RHS)
20.0
5.0
6-Nov
5-Nov
2-Nov
30-Oct
29-Oct
28-Oct
27-Oct
23-Oct
22-Oct
-
-0.6
-0.8
Services
Industries
-0.4
Insurance
-0.2
Hotel & Tourism
10.0
0.0
Banks
15.0
15.0
0.2
BSE
20.0
21-Oct
Thousands
1,448
1,446
1,444
1,442
1,440
1,438
1,436
1,434
1,432
1,430
1,428
10.0
5.0
0.0
-1.0
-1.2
Vol (mn)
0.001
0.063
0.090
17.641
0.026
Company
Last Price Change %
Gulf Invest Svcs
0.198
4.2
Oman & Emir (O) 50
0.176
3.5
Al Anw ar Holding
0.290
2.8
Almadina Invt
0.075
2.7
Bank Nizw a
0.088
2.3
Vol (mn)
0.321
1.605
3.675
0.135
0.267
Company
Global Fin Inves
HSBC Bank Oman
Oman Cables Ind
Al Maha Petroleum
Renaissance Serv
Vol (mn)
0.035
3.584
0.027
0.009
0.881
Last Price Change %
0.120
-2.4
0.157
-1.9
2.400
-0.6
2.400
-0.4
0.570
-0.4
Bahrain – Top Gainers / Losers
0.4
25.0
Last Price Change %
65
-18.8
42
-15.2
104
-8.8
65
-7.1
70
-6.7
Oman – Top Gainers / Losers
6,950
6-Nov
5-Nov
4-Nov
3-Nov
2-Nov
30-Oct
29-Oct
28-Oct
27-Oct
23-Oct
7,000
Turnover (LHS, BHD mn)
0.0
Vol (mn)
0.005
0.007
0.000
#VALUE!
0.008
-3.0
-5.0
Oman – Activity Trend (Last 10 Days)
5.0
Company
Last Price Change %
Pearl Of Kuw ait
14
16.7
Hilal Cement Co
134
8.1
Credit Rating & Coll
78
5.4
#N/A
49
5.4
Kw t Real Estate Hldg
38
4.1
-5.0
Company
Albaraka Banking
Bahrain Telecom
Nass Corp
NA
NA
Last Price Change %
0.835
0.6
0.346
0.6
0.178
0.6
NA
NA
NA
NA
Vol (mn)
0.012
0.006
0.204
NA
NA
Company
Ithmaar Bank
Bahrain Islamic Bk
Khaleeji Com Bk
NA
NA
Last Price Change %
0.165
-8.3
0.154
-2.5
0.045
-2.2
NA
NA
NA
NA
Vol (mn)
0.072
0.015
0.250
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
Disclaimer
This research document has been prepared by Al Rajhi Capital Company (“Al Rajhi Capital”) of Riyadh, Saudi Arabia. It has been prepared
for the general use of Al Rajhi Capital’s clients and may not be redistributed, retransmitted or disclosed, in whole or in part, or in any form or
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reliable but we do not guarantee its accuracy. Al Rajhi Capital makes no representations or warranties (express or implied) regarding the
data and information provided and Al Rajhi Capital does not represent that the information content of this document is complete, or free
from any error, not misleading, or fit for any particular purpose. This research document provides general information only. Neither the
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Contact us
Jithesh Gopi, CFA
Head of Research
Tel : +966 11 211 9332
[email protected]
Al Rajhi Capital
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