2010 January 14, 2010 January 14, 2010 - Zawya

January 14, 2010
Faisal Hasan, CFA
Head of Research
fhasan@global.com.kw
Phone No:(965)22951270
Rasha Al-Huneidi
Assistant Vice President
huneidi@global.com.kw
Phone No:(965)22951285
GCC Markets Indices Market Commentary
Index Close % WTD % YTD
Global Kuwait Index ▼ 184.69 -1.00% -0.83%
KSE Price Index ▼ 6,986.30 -0.36% -0.27%
Saudi Arabia ▲ 6,262.83 0.03% 2.30%
Dubai
Abu Dhabi
▼
▼
1,707.37
2,707.20
-7.06%
-2.46%
-5.33%
-1.33%
KD29.98bn.
Global Bahrain Index ▲ 117.69 1.33% 0.82%
Bahrain All Share ▲ 1,470.61 1.38% 0.85%
Global Qatar Index ▲ 584.39 3.12% 3.97%
Qatar
Oman
▼
▼
6,854.59
6,547.00
-2.60%
-0.27%
-1.50%
2.80%
0.26 percent. percent.
Levant & North Africa Markets Indices (* Traded from Monday till Friday)
Index Close % WTD % YTD
Egypt - EGX70 ▲ 714.15 4.09% 11.08%
Jordan ▲ 2,597.69 1.30% 2.53%
Palestine ▲ 515.14 2.20% 4.49%
Lebanon * ▲ 1,576.43 0.28% 0.68%
Morocco * ▲ 10,708.72 0.98% 2.54%
Tunisia * ▼ 44,484.43 484 43 -0.24% 0 24% 44.49% 49%
MENA Weekly Market Report
Kuwait Stock Exchange (KSE) could not sustain the bullish bullish beginning beginning of the year as it ended the second week with a a retreat caused caused
by a notable drop drop seen seen across the financial entities sectors. sectors. Also with no help seen from from the blue chips chips it it was was definite definite the market
index will go down. As As measured measured by by Global’s weighted General General Index , the index dropped by by 1.00 1.00 percent percent for the week week
and closed at 184.69 184.69 points. Also, Kuwait Stock Exchange (KSE) price index was down by by 25.30 points (0.36 (0.36 percent)
this week and and closed below the significant support level of 7,000 points at 6,986.3 points. The market capitalization reached
BSE BSE ended this week on a a higher note with three sectors ended up against two two sectors were seen down. Commercial Commercial Banks sector
was was the major gainer this week with an increase of 3.55 percent. Ahli United Bank added 9.09 percent to its value being being the top
gainer for the week. Services Services sector came second and Hotels & Tourism sector came third, adding 0.87 percent percent and 0.33 percent to to
their values respectively. respectively. On the the decliners decliners side, Insurance sector retreated by 0.59 percent percent and Investment sector followed shedding
Qatar Exchange Exchange ended this week in green on the back of of the the good performance witnessed by Services Services sector, which added 8.90
percent to its value this week. Ezdan Real Estate ended with a massive increase of 45.19 percent after completed the merger with
International Housing Group Group Company. Company. On On the other side, Industrial sector was the biggest loser shedding 2.48 percent. Insurance
sector also retreated retreated by 2.22 2.22 percent and Banking sector lost 1.74 1.74 percent by the week ended.
Saudi Saudi stocks had a volatile trading this week and were negatively affected by FY2009 corporate results, especially those of the Saudi
banks, as they came short short of expectations due to higher provisions. Those results reflected negatively on investors’ sentiments,
which which in turn pushed Tadawul Tadawul All Shares index to dip below 6,300 points level that it managed to reach at the beginning of the week.
The index ended at 6,262.83 which is almost the level it ended at last week, with a marginal difference of +0.03 percent. Sectoral
performance was mixed. On one side, Banking & Financial Institutions index registered registered the steepest decline of 1.05 percent, due to
lower than expected 4Q2009 4Q2009 results. Meanwhile, Multi-Investment index reported the highest advance, up 6.38 percent for the week.
Share price of Kingdom Holding carried on its positive performance for the second consecutive week, as it edged up by 16.5
percent, reaching SR6.
International Indices
Index
DJ Average ▼
Close
10,609.65
% WTD
-0.08%
% YTD
1.74%
UAE markets closed lower ending the week on a negative note. Investors are still awaiting more news about Dubai World's debts
and fourth quarter results, despite the positive performance of the international markets and rising oil prices. Abu Dhabi’s Index
Nasdac Comp.
S&P500
▼
▼
2,287.99
1,136.03
-1.26%
-0.78%
0.83%
1.88%
ended lower by 2.46 at 2,707.20 points. Real estate was the biggest loser in the market by dropping 9.78 percent. Dubai's Index also
closed sharply down at 1,707.37 point, losing 7.06 percent.
S&P/TSX
FTSE 100
▼
▼
11,685.37
5,455.37
-2.25%
-1.43%
-0.52%
0.78%
Muscat Securities Market failed to keep up its positive momentum for this week after it ended last two trading sessions in red
territory. MSM 30 Index lost 0.27 percent of its value, on a weekly basis. MSM witnessed constringent trading activity as total volume
Extra DAX
CAC 40
▼
▼
5,875.97
3,954.38
-2.68%
-2.24%
-1.37%
0.46%
traded massively declined by 38.07 percent compared to previous week with 74.91mn shares traded only at a total value of
RO30.13mn (decrease of 33.62 percent).
Swiss Mkt Idx
Nikkei 225
Topix
▼
▲
▲
6,576.02
10,982.10
966.40
-0.63%
1.70%
2.67%
0.46%
4.13%
6.48%
The EGX30 Index grew by 3.8 percent this week. Out of 172 traded stocks, only 23 were decliners, while 145 stocks advanced and 4
remained unchanged. The Foreign participants, who were net sellers from the beginning of the year, ended the trading sessions
yesterday and today as net buyers. The Local investors switched seats with the foreign investors and began profit taking for what
Hang Seng
Straits Time
▼
▼
21,654.16
2,908.42
-2.88%
-0.49%
-1.00%
0.37%
they have been purchasing since the year start. The higher volumes and turnover that were realized this week resulted from deals
executed in the last two trading sessions of the week.
SENSEX ▬ 17,119.03 0.00% -1.98%
Commodities Market Price % WTD %QTD %YTD
Global Special Indices (* Monthly Performance Calculated) Gold ($/OZ) 1,129.90 -0.6% 3.1% 3.1%
Index Close % WTD % YTD Silver ($/OZ) 18.36 -0.4% 8.9% 8.9%
Kw Large Cap. (Top 10) ▼ 169.55 -1.55% -1.10% CRB Spot Index 428.38 -0.6% 2.7% 2.7%
Kw Small Cap.(Low 10) ▲ 6,030.17 1.07% -1.32% OPEC Grade Crude Oil ($/bl) 77.59 -3.2% 0.6% 0.6%
Kw High Yield Index ▼ 166.27 -1.25% -0.63% Nat Gas 1M Fut. ($/MMBTU) 5.69 -1.0% 2.2% 2.2%
Kuwait Islamic Index ▼ 586.62 -3.49% -0.93%
GCC Investable 100 ▼ 235.71 -0.09% 2.81% Interest Rates 1M 3M 6M 12M
GCC Large Cap. 30 ▲ 284.62 0.50% 2.79% LIBOR (USD) 0.23 0.25 0.39 0.90
GCC Islamic Index ▼ 315.14 -2.03% -0.98% KSA (SAIBOR) 0.32 0.77 1.05 1.32
GCC Telecom. Index ▼ 282.57 -0.24% 0.86% UAE (AEIBOR) 1.00 1.25 1.50 1.81
Global Kw all start-ups Idx* ▼ 316 316.52 52 -1.48% -1 48% -25 -25.85% 85% KUWAIT (KIBOR) 152 1.52 192 1.92 216 2.16 244 2.44
Kw Un-Listed Start-ups Idx* ▼ 213.52 -1.40% -2.63% EGYPT (CAIBOR) 8.64 8.92 9.00 9.32
Kw Listed Start-ups Idx* ▼ 289.70 -1.68% -53.06% (Data as at 1:00 GMT)

January 14, 2010
MENAWeekly Market Report- Kuwait
KSE Indices Market News
Index Close % Change % YTD - Burgan Bank become the majority shareholder in Iraq's Bank of Baghdad Bank after increasing its
Global General Kw ▼ 184.69
-1.00% -0.83% stake in the lender to 50.6%. Burgan Bank acquired an additional 5.3% stake for $10.7 million.
Global Kuwait Only ▼ 191.24
-1.29% -1.09%
KSE Price Index ▼ 6,986.30
-0.36% -0.27% -Kuwaiti investments covering various economic and development sectors in Sudan are estimated at
Shares in Bn
0.80
0.60
0.40
0.20
0.00
Global KW General Index & Daily volume
193
190
187
184
181
178
175
Market Spread
Advancers
Decliners
Unchanged
Traded
63
69
72
163
USD six billion, a senior Sudanese official said Monday.
-Bank of Kuwait and the Middle East held its ordinary and extraordinary general meetings (OGM &
EGM) on Sunday, 10/1/2010. Shareholders approved some amendments in the Contract of
Association as well as the Articles of Incorporation, in addition to converting the lender into a Shariacompliant
one. They also gave the go-ahead for rebranding the bank as Ahli United Bank..
10/01 11/01 12/01 13/01 14/01 Total 204
Volume Traded Global Kw General Index
-The price of Kuwaiti crude oil broke the USD 80 per barrel (pb) barrier on Monday for the first time
Volume Traded ▲
Last
2,667,245,000
Previous
1,724,497,500
% Change
54.67%
in months, settling at USD 80.28.
Value Traded (KD)
Transactions
Market Cap. (KD)
▲
▲
▼
290,622,530
32,104
29,984,943,525
210,667,220
24,886
30,288,415,405
37.95%
29.00%
-1.00%
Top Five Gainers
Global Sectoral Indices
Company
Al-Safat TEC Holding Co.
Price (KD)
0.0680
%Change
19.30%
Volume
68,680,000
IIndex d Cl Close %Ch % Change %YTD % YTD DDanah h Al Safat S f Foodstuff F d ff Company C 00.1520 1520 16.92% 16 92% 64 64,460,000 460 000
Banking Index ▼ 256.21
-2.84% -1.51% Kout Food Group 0.3050
12.96% 220,000
Investment Index ▼ 122.82
-2.37% -2.56% Jeezan Holding Company 0.0670
11.67% 269,920,000
Insurance Index ▼ 47.68
-3.80% -3.80% Al-Safat Energy Holding Company 0.0820
10.81% 89,640,000
Real Estate Index ▲ 61.94
0.32% -0.07%
Industrial Index ▼ 193.88
-1.53% -2.16%
Services Index ▲ 865.16
0.68% -0.16%
Top Five Decliners
Food Index ▲ 372.04
0.55% 3.00% Company Price (KD) %Change Volume
Non-Kuwaiti Index ▲ 54.54
1.69% 1.64% The Securities House 0.1260
-19.23% 600,000
Traded Volume by Sector
Safwan Trading & Contracting Company
The International Investor
0.1880
0.0390
-13.76%
-10.34%
80,000
6,720,000
Sector Traded Volume % of total market trades National Company for Consumer Industries 0.0940
-9.62% 100,000
Real Estate 991,685,000
37.2% Hilal Cement Co. 0.2320
-9.02% 20,000
Investment 685,780,000
25.7%
Services 656,070,000
24.6%
Non Kuwaiti 190,250,000
7.1%
Volume Leaders
Food 65,877,500
2.5% Company Price (KD) %Change Volume
Industrial 46,670,000
1.7% International Resorts Company 0.0730
10.61% 300,600,000
Banking 30,402,500
1.1% Jeezan Holding Company 0.0670
11.67% 269,920,000
Insurance 510,000
0.0% Al- Deera Holding Co. 0.1060
-1.85% 204,880,000
Traded Value by Sector
Kuwait Real Estate Company
Al-Safwa Holding Group
0.0740
0.0540
5.71%
-1.82%
200,880,000
192,600,000
Sector Traded Value (KD) % of total market trades
Services 83,414,370
28.70%
Real Estate 72,665,640
25.00%
Value Leaders
Investment 69,198,530
23.81% Company Price (KD) %Change Value (KD)
Banking 24,081,880
8.29% Al-Deera Holding Co. 0.1060
-1.85% 22,989,520
Non Kuwaiti 17,289,080
5.95% International Resorts Company 0.0730
10.61% 22,128,200
IIndustrial d t i l 13 13,623,040 623 040 44.69% 69% JJeezan HHolding ldi CCompany 00.0670 0670 11.67% 11 67% 17,872,720 17 872 720
Food 10,204,190
3.51% Agility 0.6400
4.92% 15,360,650
Insurance 145,800
0.05% Kuwait Real Estate Company 0.0740
5.71% 15,133,600

January 14, 2010
MENAWeekly Market Report- Bahrain
BSE Indices Market News
Index Close % Change % YTD
Global Bahraini Idx ▲ 117.69
1.34% 0.83% - Global Banking Corporation and Batelco Group have taken the first step forward in a strategic
BH All Share Index ▲ 1,470.61
1.39% 0.85% partnership for the acquisition by GBCORP of an 11% stake in S-Tel, India - a joint venture telecom
Shares in
mn
Global Bahraini Index & Volume
Market Spread
company, established between the Batelco Group and the Siva Group, India.
5.00
120.0
Advancers
Decliners
8
5
- Kuwait-based real estate developer First Bahrain, a unit of Global Investment House, said it has
completed the first stage of its Majaal warehousing and logistics project.
0.00
115.0 Unchanged 37 - Bahrain's Inovest plans to set up pharmaceutical laboratories in the country's Salman Industrial City
10/01 11/01
Volume Traded
12/01 13/01 14/01
Global Bahraini Stocks Index
Traded
Total
23
50
at an estimated cost of US$100mn.
- Esterad Investment Company announced the opening of subscriptions to the first public offering of
Volume Traded ▲
Last
10,786,134
Previous
4,667,068
% Change
131.11%
convertible bonds to be made by a Bahraini company on the Bahrain Stock Exchange.
Value Traded (BD) ▲ 2,004,539
945,570 111.99%
Transactions
Market Cap. (BD)
▲
▲
523
6,341,971,588
213
6,258,279,403
145.54%
1.34%
Global Sectoral Indices
IIndex d Cl Close %Ch % Change %YTD % YTD
TTop Five Fi Gainers G i
Commercial Banks Idx ▲ 185.41
3.55% 2.98% Company Price (BD) %Change Volume
Investment Index ▼ 72.02
-0.26% -0.95% Ahli United Bank $ 0.480
9.09% 180,650
Preferred Shares Index
Closed Co. Index
Insurance Index
Services Index
▬
▬
▼
▲
85.63
137.47
99.98
149.24
0.00%
0.00%
-0.59%
0.87%
0.00%
0.00%
-0.93%
0.58%
Nass Corporation BSC
Al Salam Bank
Bahrain Tourism Co.
Ithmaar Bank $
0.260
0.097
0.326
0.220
5.69%
4.30%
2.52%
2.33%
1,046,582
1,225,066
21,320
5,905,642
Hotels & Tourism Idx
Industrial Index
▲
▬
400.28
182.77
0.33%
0.00%
0.41%
0.00%
Top Five Decliners
Traded Volume by Sector
Company
INOVEST B.S.C. $
Price (BD)
0.580
%Change
-4.92%
Volume
232,300
Sector Traded Volume % of total market trades Bahrain National Holding Co. 0.450
-2.17% 111,000
Commercial Banks 2,226,329
20.64% Al Baraka Banking Group B.S.C. $ 1.6800
-1.18% 43,667
Investment
Preferred Shares
6,613,648
-
61.32%
0.00%
Bahrain Commercial Facilities
National Bank of Bahrain
0.4140
0.5950
-0.96%
-0.83%
41,002
216,667
Closed Co. -
0.00%
Insurance 116,936
1.08%
Volume Leaders
Services 1,804,901
16.73% Company Price (BD) %Change Volume
Hotels & Tourism
Industrial
24,320
-
0.23%
0.00%
Ithmaar Bank $
Al Salam Bank
0.220
0.097
2.33%
4.30%
5,905,642
1,225,066
Traded Value by Sector
Nass Corporation BSC
Khaleeji Commercial Bank
0.260
0.130
5.69%
0.00%
1,046,582
458,300
Sector Traded Value (BD) % of total market trades Bahrain Telecommunications Co. 0.595
0.85% 374,402
Commercial Banks 389,316
19.42%
Investment 952,598
47.52%
Value Leaders
Preferred Shares -
0.00% Company Price (BD) %Change Value (BD)
Closed Co. -
0.00% Ithmaar Bank $ 0.220
2.33% 499,634
Insurance 52,296
2.61% Investcorp Bank $ 1,488.550
0.00% 308,651
SServices i 603 603,206 206 30 30.09% 09% NNass Corporation C i BSC 0.260 0 260 5.69% 5 69% 268 268,814 814
Hotels & Tourism 7,123
0.36% Bahrain Telecommunications Co. 0.595
0.85% 222,418
Industrial -
0.00% National Bank of Bahrain 0.595
-0.83% 128,917

January 14, 2010
MENA Weekly Market Report- Qatar
Qatar Exchange Indices Market News
Index Close % Change % YTD
- Qatar National Bank disclosed the financial statements for the year ended December 31, 2009. The
General Qatari Idx ▲ 584.39
3.12% 3.97% financial statements revealed a net profit of QR4.2bn in 2009 compared to QR3.65bn in 2008. The
Global Qatar Islamic ▲ 648.38
1.66% 5.55% bank’s earnings per share (EPS) in 2009 amounted to QR14 versus QR12.3 in 2008.
DSM 20 Index ▼ 6,854.59
-2.60% -1.50%
- Qatar Petrochemical Company (QAPCO), a subsidiary company of Industries Qatar, announced the
mn shares Global Qatari Index & Daily volume
opening of a new representative office in Jakarta, Indonesia.
15.00
600
Market Spread
- Barwa Real Estate Company and Qatar Real Estate Investment Company announced the initial
10.00
5.00
590
580
570
Advancers
Decliners
Unchanged
Traded
11
32
1
44
terms of their proposed merger. The enlarged Barwa group will be the ninth largest company on the
Qatar Exchange with a market capitalisation of QR11.1bn.
0.00
10/01 11/01 12/01 13/01 14/01
560
Total 44
Volume Traded Global Qatari General Index
Top Five Gainers
Last Previous % Change Company Price (QR) %Change Volume
Ezdan Real Estate Company 39.20
45.19% 649,329
VVolume l TTraded d d ▲ 40,373,732 40 373 732 25,108,185 25 108 185 60.80% 60 80% Qatar Q Real R l Estate E Investment I Co. C 31.20 31 20 12.23% 12 23% 5,521,687 5 521 687
Value Traded (QR) ▲ 1,355,168,858 852,447,576
58.97% Qatar Shipping Co. 36.30
10.00% 2,122,841
Transactions
Market Cap. (QR)
▲
▲
26,429
391,003,130,632
17,437
322,336,280,937
51.57%
21.30%
Al Khalij Commercial Bank
Qatar Meat & Livestock Co.
15.00
18.50
4.90%
3.93%
1,530,895
4,526,176
Global Sectoral Indices
Top Five Decliners
Index Close % Change % YTD Company Price (QR) %Change Volume
Barwa Real Estate Company 30.00
-9.09% 4,772,220
Banking & Finance ▼ 758.88
-1.74% -0.16% Qatar Islamic Insurance 31.40
-6.82% 24,849
Insuarnce Index ▼ 487.71
-2.22% -2.51% Gulf Warehousing Co. 19.20
-6.34% 367,455
Industrial Index ▼ 475.82
-2.48% -1.64% Salam International 10.70
-5.31% 744,906
Services Index ▲ 506.79
8.90% 9.13% Commercial Bank 60.20
-4.60% 1,440,213
Traded Volume by Sector
Volume Leaders
Sector Traded Volume % of total market trades Company Price (QR) %Change Volume
Qatar Real Estate Investment Co. 31.20
12.23% 5,521,687
Banking & Finance 9,260,928
22.94% Barwa Real Estate Company 30.00
-9.09% 4,772,220
Insuarnce 319,301
0.79% Qatar Meat & Livestock Co. 18.50
3.93% 4,526,176
Industrial 3,809,285
9.44% Al Rayan Bank 13.30
-2.92% 3,273,062
Services 26,984,218
66.84% Vodafone Qatar 8.30
-1.19% 2,442,224
Traded Value by Sector
Value Leaders
Sector Traded Value (QR) % of total market trades Company Price (QR) %Change Value (QR)
Qatar Real Estate Investment Co. 31.20
12.23% 175,669,092
Banking & Finance 379,755,585
28.02% Barwa Real Estate Company 30.00
-9.09% 154,183,904
IInsuarnce 17 17,050,668 050 668 11.26% 26% Industries d i QQatar 112 112.30 30 -2.52% 2 52% 150 150,548,404 548 404
Industrial 212,574,962
15.69% Qatar National Bank 152.20
-0.13% 102,739,234
Services 745,787,643
55.03% Commercial Bank 60.20
-4.60% 87,798,671

January January 14, 2010
MENAWeekly Market Report - Saudi Arabia
Saudi Index Market News
Index
Tadawul All Share ▲
Close
6,262.83
% Change
0.03%
% YTD
2.30%
-BOD of Samba Financial Group proposed the distribution SR0.75 per share cash dividend
for the period ending December 31, 2009 (H2-2009), which awaits the AGM's approval.
Shares in Bn Saudi Tadawul Index & daily volume
0.40
6,350
6,300
0.20
6,250
0.00
6,200
09/01 10/01 11/01 12/01 13/01
Market Spread
Advancers
Decliners
Unchanged
Traded
Total
82
42
10
134
135
-Arabian Cement Company announced that it expects to operate its US$400mn Al
Qatranah cement plant (Jordan) by mid-2010, which has an annual cement production capacity of 2
million tons and a daily manufacturing capacity of 5,000 tons of clinker.
-Saudi Electricity Company signed a SR1.1bn (US$290mn) contract with Arabian Bemco
Contracting Company to expand a power plant in the center of the kingdom. The new project at Qassim,
which has reached a load of 2,000 megawatts, will be completed within three years.
Volume Traded
Volume Traded
Value Traded (SR)
Transactions
Market Cap. (SR)
▲
▲
▲
▲
Saudi Tadawul Index
Last
729,976,949
15,181,539,814
376,860
1,232,599,977,309
Previous
456,338,826
11,060,083,188
289,138
1,228,089,091,055
% Change
59.96%
37.26%
30.34%
0.37%
-BOD of Kingdom Holding Company approved its plan to reduce its capital. Kingdom
Holding plans to reduce its capital to SR37.1bn, from SR63bn. The outstanding number of shares will be
subsequently reduced from 6.3bn shares to 3.71bn shares.
-Al Alamiya for Cooperative Insurance Company received the final qualification from the
Council of Cooperative Health Insurance to issue health insurance policies.
Saudi Sectoral Indices
-Nama Chemicals Company will stop the expansion project at the Soda Factory until it
guarantees the necessary raw materials to run the plant after finalizing the expansion.
Index Close % Change % YTD
Banks & Financial Services ▼ 15,767.98
-1.05% 0.60%
PPetrochemical h i l Industries I d i ▼ 55,647.63 647 63 -0.18% 0 18% 4.65% 4 65%
TTop Five Fi Gainers G i
Cement ▼ 3,869.57
-1.04% -1.18% Company Price (SR) %Change Volume
Retail ▲ 4,413.21
0.50% 0.58% Kingdom Holding Co. 6.000
16.50% 122,025,395
Energy & Utilities
Agricul. & Food Indus.
Telecom. & Inform.
Insurance
▼
▲
▲
▲
4,257.24
5,294.60
1,865.21
1,060.16
-0.33%
3.41%
0.29%
0.47%
1.11%
5.67%
4.12%
-1.81%
Alahli Takaful Company
Al Babtain Power & Telecommunications Company
Anaam International Holding Group
Saudi Fisheries
109.000
37.500
61.750
55.250
15.04%
11.94%
10.76%
7.80%
1,728,862
4,667,423
2,444,441
4,622,497
Multi-Investment ▲ 2,653.38
6.38% 8.61%
Industrial Investment ▲ 4,697.12
0.98% -0.22%
Top Five Decliners
Building & Construction ▲ 3,823.46
2.20% 1.95% Company Price (SR) %Change Volume
Real Estate Development ▲ 3,297.39
0.88% 1.06% Saudi British Bank 41.100
-7.43% 1,606,576
Transport ▲ 3,601.50
4.95% 6.00% Saudi Arabian Cooperative Insurance Company 62.500
-6.02% 839,880
Media and Publishing ▲
Hotel & Tourism ▲
Trading Activity of Saudi Market
1,920.51
5,981.72
2.38%
1.45%
1.40%
1.40%
Weqaya Takaful insurance and reinsurance company
Eastern Cement
Bank Al-Jazirah
38.000
47.400
18.100
-5.24%
-5.01%
-4.74%
5,097,072
561,420
4,266,688
Sector Traded Value (SR) Traded Volume
Banks & Financial Services 2,291,103,396
134,939,975
Volume Leaders
Petrochemical Industries
4,581,863,549
164,049,261 Company Price (SR) %Change Volume
Cement
126,149,498
2,827,928 Kingdom Holding Co. 6.000
16.50% 122,025,395
Retail
488,718,289
16,748,294 Alinma Bank 12.850
0.78% 115,145,637
Energy & Utilities
97,589,079
8,210,047 Saudi Kayan Petrochemical Co. 19.050
1.06% 73,225,295
Agricul. & Food Indus.
1,146,551,699
31,437,730 Saudi Arabian Mining Company 17.400
-0.29% 23,486,133
Telecom. & Inform.
738,278,104
34,953,172 Dar Alarkan Real Estate Development Company 14.200
1.07% 22,960,369
Insurance
1,693,449,405
45,113,348
Multi-Investment 1,134,316,347
150,148,280
Value Leaders
Industrial Investment
783,475,382
34,094,370 Company Price (SR) %Change Value (SR)
Building & Construction
981,450,880
32,807,226 Alinma Bank 12.850
0.78% 1,481,877,228
Real Estate Development
664,217,018
52,348,352 Saudi Kayan Petrochemical Co. 19.050
1.06% 1,398,718,869
Tr Transport n p rt
287 287,330,409 330 409 16,719,435 16 719 435 SSaudi diBBasic i IIndustries d i CCorp 88 88.000 000 11.15% 15% 11,120,886,493 120 886 493
Media and Publishing
47,536,898
1,949,977 Kingdom Holding Co. 6.000
16.50% 668,616,791
Hotel & Tourism
119,509,864
3,629,554 Yanbu National Petrochemical Company (YANSAB) 35.100
-1.40% 472,101,682

January January 14, 2010
MENA Weekly Market Report- UAE
UAE Indices Market News
Close Close % Change % YTD - U.A.E. Consumer confidence fell by 4.8% during the last three months of 2009 for the first time
Abu Dhabi General ▼ 2,707.20 -2.46% -1.33% since the first quarter of the year as residents in the country felt the pinch of the financial crisis.
Dubai General Idx ▼ 1,707.37 -7.06% -5.33% - Abu Dhabi Investment Authority is looking at investment opportunities in Germany. Managing
Shares in Bn DFM, ADX Indices Indices Indices & Daily volume
0.50
3,000
0.40
2,500
0.30
2,000
0.20
0.10
1,500
0.00
1,000
10/01 11/01 12/01 13/01 14/01
Total Volume of UAE Markets
Market Spread
Advancers
Decliners
Unchanged
Traded
Total
15
53
64
73
133
Director, Sheik Ahmed bin Zayed Al-Nahyan, said Germany is a highly productive and innovative
market with world-class companies in chemicals, machinery and car manufacturing.
- Arabtec and Aabar Investments have agreed for Aabar to acquire 70
percent of the shares in Arabtec by way of a convertible mandatory bond for US$1.7bn.
- Nakheel said it will make a US$10.3mn distribution payment on an Islamic bond, or sukuk, that
matures next year. The payment is scheduled for January 19 for the US$750mn trust certificates due
in 2011.
- Union Properties is considering the sale of some of its completed property assets to
generate liquidity and enhance revenues, as the company struggles amidst a real estate downturn.
Last Previous % Change
Volume Traded ▼ 1,580,298,561 1,822,356,863 -13.28%
Value Traded (AED)
Transactions
Market Cap. (AED)
▼
▼
▼
3,182,621,679
34,525
442,498,988,184
4,375,836,430
41,280
458,009,190,677
-27.27%
-16.36%
-3.39%
Top Five Gainers
Abu Dhabi Sectoral Indices
Company
Global Investment House
Price (AED)
1.4400
%Change
29.73%
Volume
92,700
Cl Close Cl Close % %Ch Change %YTD % YTD GlfFi Gulf Finance House H 11.1900 1900 10 10.19% 19% 27 27,022,691 022 691
Banking & Financial ▼ 3,712.14 -3.46% -3.09% National Cement Company p.s.c. 3.4000 8.97% 11,071
Real Estate Sector
Insurance Sector
▼
▼
518.40
2,926.39
-9.78%
-2.66%
-4.35%
-6.87%
Al Salam Bahrain Bank
United Arab Bank
0.9400
6.8200
6.82%
6.56%
1,700,726
9,238
Consumer Sector ▼ 1,471.48 -2.04% 3.98%
Constructions Sector ▼ 2,496.04 -2.10% -0.26%
Energy Sector ▲ 183.37 0.77% 5.35%
Top Five Decliners
Health Care Sector ▼ 1,117.85 -7.02% -14.01% Company Price (AED) %Change Volume
Telecommunications
Industrial Sector
▼
▼
2,271.97
2,261.66
0.00%
-1.88%
0.91%
-4.90%
Arabtec Holding Company
EMAAR Properties
2.4100
3.5200
-16.61%
-13.09%
328,598,657
211,916,617
Dubai Sectoral Indices
Abu Dhabi National Co for B & M
Al Dar Properties
1.8600
4.6300
-11.85%
-10.96%
136,500
49,181,031
Close Close % Change % YTD Union Properties 0.6600 -10.81% 52,508,358
Banking Sector ▼ 930.55 -3.50% -3.94%
Investment Sector ▼ 2,170.22 -7.59% -7.58%
Insurance Sector ▼ 3,402.19 -1.70% -1.87%
Volume Leaders
Real Estate ▼ 3,272.27 -12.50% -8.17% Company Price (AED) %Change Volume
Materials Sector ▬ 128.46 0.00% -9.57% Arabtec Holding Company 2.4100 -16.61% 328,598,657
Utilities Sector ▼ 1,388.22 -6.10% -4.94% EMAAR Properties 3.5200 -13.09% 211,916,617
Telecommunications ▼ 469.26 -3.01% -0.34% Commercial Bank International 1.4400 2.86% 145,720,991
Consumer Staples
Transportation
▬
▼
501.00
464.94
0.00%
-3.56%
0.00%
-0.57%
Drake & Scull International
Dubai Financial Market PJSC
0.8400
1.6900
-6.67%
-10.58%
121,930,027
86,822,749
Trading Activity of Dubai & Abu Dhabi Markets combined
Close Traded Value (AED) Traded Volume
Value Leaders
Banking Sector 358,646,067.42 220,134,644 Company Price (AED) %Change Value (AED)
Investment Sector 208,451,754.65 148,028,089 Arabtec Holding Company 2.4100 -16.61% 853,810,612
Insurance Sector 31,146,375.29 27,049,949 EMAAR Properties 3.5200 -13.09% 794,416,307
SServices i SSector - - Al Dar D Properties P i 4.6300 4 6300 -10.96% 10 96% 233 233,908,998 908 998
Hotels -
- Commercial Bank International 1.4400 2.86% 210,610,203
Industrial Sector -
- Dubai Financial Market PJSC 1.6900 -10.58% 152,519,413

January 14, 4, 2009 2009
Oman Index Market News
Index Close % Change % YTD -Oman Investment & Finance Company has has entered into a Memorandum Memorandum of
MSM 30 Index ▼ 6,547.00 -0.27% 2.80% Understanding Understanding (MOU) to acquire acquire majority shares of a company working in the field field of Money
Shares in mn
30.00
MSM MSM 30 Index & Weekly volume
6,650 Market Spread
Exchange business, subject to approval by the concerned authorities, and the the legal legal and financial due due
diligence is being started started to determine the the value to enable enable acquisition of shares of this this company. company.
20.00
10.00
0.00
10/01 11/01 12/01 13/01 14/01
Volume Traded MSM 30 Index
6,600
6,550
6,500
Advancers 24
Decliners 34
Unchanged 75
Traded 73
Total 207
MENA Weekly Market Report - Oman
-Oman -Oman National Dairy Products Company announced that it has completed the
sale process of of a parcel of land land at at Al Ghubrah area to Al Meera Investments Company for aa total
value of OR8.7mn OR8.7mn , effective January 10, 2010.
-Bank Muscat has signed a US$200 million term loan facility with Oman
Refineries Refineries and Petrochemicals Company, or ORPC, ORPC, to partly refinance refinance its working capital needs.
The The dual currency facility, facility, with a maturity period of up to 25 months.
Last Previous % Change -National Beverages reached a settlement with Majan Glass Co Ltd (SAOG), for
Volume Traded
Value Traded (RO)
▼
▼
74,919,046
30,013,319
120,972,816
45,216,361
-38.07%
-33.62%
RO232, 500 against their claim of RO315, 339.
Transactions
Market Cap. (RO)
▼
▼
13,771
7,322,981,545
18,430
7,358,283,566
-25.28%
-0.48% Company
Top Five Gainers
Price (RO) %Change Volume
Dhofar Cattle Feed 0.2310
13.24% 854,933
MSM Sectoral Indices
National Mineral Water
Ahli Bank
0.1800
0.2320
7.78%
7.41%
12,620
4,563,457
Index Close % Change g % YTD Oman Chemical Industries 0.1190
7.21% 19,630 ,
Banking & Investment ▼ 9,630.40 -1.96% 2.73% Nat. Aluminium Products 0.5440
6.04% 6,022,324
Industry ▼ 7,678.83 -0.85% 3.12%
Services & Insuarance ▼ 2,741.46 -0.77% 1.46%
Top Five Decliners
Traded Volume by Sector
Company
The Financial Corporation
Price (RO)
2.2140
%Change
-10.00%
Volume
606
Sector Traded Volume % Of total market trades Transgulf Ind. Inv. Holding 0.1180
-8.53% 575,128
Regular Market 74,800,202
99.84% Oman And Emirates Inv. Om 0.2490
-7.43% 1,626,149
Parallel Market 93,171
0.12% Al Sharqia Inv. Holding 0.1200
-6.25% 149,810
Third Market 25,673
0.034% Voltamp Energy 0.5970
-5.84% 1,287,324
Bonds Market 163,680
0.22%
Volume Leaders
Traded Value by Sector Company Price (RO) %Change Volume
Sector Price (RO) % Of total market trades Global Financial Investment 0.1080
0.00% 12,204,375
Regular Market 29,896,953
99.61% Al Anwar Holding 0.1180
-5.69% 6,043,561
Parallel Market 108,524
0.36% Nat. Aluminium Products 0.2490
6.04% 6,022,324
Third Market 7,841
0.026% Bank Sohar 0.1200
4.87% 5,357,579
Bonds Market 154,331,282
514.21% Ahli Bank 0.5970
7.41% 4,563,457
Trading by Nationality
Value Leaders
Nationality
Buy %
Volume
Buy % Value
Sell % Volume
Sell % Value
Company
Nat. Aluminium Products
Price (RO)
0.5440
%Change
6.04%
Value (OR)
3,242,071
Oman 85.88% 79.33% 80.02% 80.80% Bank Muscat 0.8610
-4.44% 3,011,933
GCC 7.55% 12.61% 13.22% 10.20% Oman Cables Industry 1.6050
-1.89% 1,753,117
Arabs 2.78% 2.44% 2.42% 2.66% Raysut Cement 1.6030
4.29% 1,695,757
Others 3.79% 5.62% 4.34% 6.35% Al Anwar Holding 0.2650
-5.69% 1,654,059

January 14, , 2010
MENA Weekly Market Report- Egypt
Egypt Indices Market News
Index
EGX30 Index
EGX70 Index
▲
▲
Close
6,681
715
% Change
3.79%
4.24%
% YTD
7.60%
11.23%
- The Emirati Dana Gas announced that it discovered a new pool in Al Baraka4 concession in Southern Egypt,
which is proving to be more productive than the currently producing zones, having tested oil with natural flow
to surface at a rate of 220 barrels per day. The well also tested with artificial lifting at a maximum rate of 1,300
Shares in Mn
140
EGX30 Index & Daily Volume
6,800
Market Spread
barrels per day. In addition, the American Apache Corp. announced an oil and gas discovery in the Western
120
100
80
60
40
20
-
10/01 11/01 12/01
Volume Traded
13/01 14/01
EGX 30 Index
6,700
6,600
6,500
6,400
6,300
Advancers
Decliners
Unchanged
Traded
Total
145
23
4
289
172
desert of Egypt, which tested 5,085 barrels per day of oil and 130,000 cubic feet of gas per day.
- Al Ezz Steel Rebars (Ezz Steel) signed a contract with Danieli & Co. and Tenova HYL for
the turnkey supply of a 1.9mn tons per year capacity ENERGIRON III Direct Reduction Plant, which will be
located in Suez and is expected to start operating by the third quarter of 2011.
- The Administrative Court ruled in favor of Orascom Telecom Holding (OTH) concerning
Volume Traded ▲
Last
543,276,428
Previous
338,841,937
% Change
60.33%
the Company’s appeal against the Egyptian Financial Supervisory Authority (EFSA) decision, which approved
France Telecom offer to fully acquire the Egyptian Company for Mobile Services (Mobinil)
Value Traded (LE) ▲ 5,362,284,614 2,797,563,925 91.68% at a price of LE245/share.
Transactions
Market Cap. (LE)
▲
▲
268,244
409,795,000,000
168,678
398,713,000,000
59.03%
2.78%
- EFG - Hermes Holding announced that it is negotiating selling the Group’s and its
subsidiaries’ total stake in Audi Bank. The price of the deal was set at US$91/share, at a total worth of
The Egyptian Exchange (EGX) Sectoral Indices
US$913.4mn, taking into consideration that the total shares to be sold amounts to 10.0mn shares, 7.6mn of
Index Close % Change % YTD which are ordinary shares, while the remaining are Global Depositary Receipts (GDRs). However, the Group
Banking ▲ 1,327
4.40% 6.23% stated that it would make further disclosures once the deal comes into effect.
Basic Resources ▲ 812
0.28% 6.40%
Chemicals ▲ 852
2.60% 11.81%
Construction & Materials ▲ 1,573
6.46% 6.22%
Financial Services (Ex. (Ex Banks) ▲ 821
55.90% 90% 13 13.37% 37%
Top Five Gainers
Food & Beverage ▲ 1,133
6.00% 16.36% Company Price (LE) %Change Volume
Health Care & Pharma. ▲ 1,324
2.18% 3.99% National Real Estate Bank for Development 36.2
44.01% 3,476,829
Industrial Goods, Serv. & Auto. ▲ 1,852
4.41% 12.17% El Wadi for Exporting Agricultural Products 35.0
33.33% 21,446
Personal & Household ▲ 597
1.50% 11.93% Gulf Canadian Real Estate Investment Co. 36.8
26.68% 474,795
Real Estate
Telecommunications
▲
▲
1,208
530
3.24%
0.96%
7.99%
5.62%
Egyptian Media Production City
Giza General Contracting
6.9
54.6
23.49%
22.46%
14,583,429
566,521
Travel & Leisure ▲ 655
3.55% 11.95%
Trading Activity by Sector
Top Five Decliners
Sector Traded Value (LE) Traded Volume Company Price (LE) %Change Volume
Banking 194,109,995
7,331,539 Societe Arabe Internationale De Banque (SAIB) (US$) 14.5 -19.93% 171
Basic Resources 267,877,770
13,966,387 Alexandria National Company for Financial Investment 40.7 -19.44% 72,451
Chemicals 73,465,710
4,172,308 El Watany Bank of Egypt 41.6 -16.55% 19,671
Construction & Materials 876,447,742
78,616,859 Egyptian Company for Mobile Services (MobiNil) 227.7
-5.56% 813,558
Financial Services (Ex. Banks) 792,052,016
67,841,803 Cairo Educational Services 31.6
-4.51% 44,311
Food & Beverage
458,203,736
35,492,584
Health Care & Pharma. 16,677,650
407,566
Volume Leaders
Industrial Goods, Serv. & Auto. 328,956,153
80,707,420 Company Price (LE) %Change Volume
Oil and Gas 14,648,850
1,073,180 Upper Egypt General Contracting 1.8
5.32% 58,472,836
Personal & Household 332,325,416
90,183,364 Egyptian Electrical Cables 1.3
5.65% 53,937,529
Real Estate 775,980,095
67,473,267 El Nasr Clothes & Textiles (Kabo) 1.7
1.18% 37,047,366
Retail 48,676,580
5,570,400 Egyptian Resorts Company (ERC) 1.9
3.83% 35,065,574
Media
99,940,569
14,583,429 TMG Holding 7.1
-0.70% 24,932,883
Technology
31,756,681
4,663,640
Telecommunications 950,216,429
31,514,419
Value Leaders
Travel & Leisure 96,731,463
39,623,087 Company Price (LE) %Change Value (LE)
Utilities
4,217,761
55,176 Orascom Telecom Holding (OTH) 28.5
4.25% 553,206,243
Investors By Type weekly trading percent Orascom Construction Industries (OCI) 262.8
6.52% 471,697,528
Investors % Precentage Investors % Precentage EFG - Hermes Holding 30 30.77
11 11.29% 29% 334 334,092,239 092 239
Local 79.72% Retail 47.67% Telecom Egypt 18.8
1.84% 205,018,465
Foreign & Arab 9.27%/11.01% Institution 52.33% El Ezz Steel Rebars 18.5
-0.22% 199,022,124

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