Thousands

Thousands
10:00
10:15
10:30
10:45
11:00
11:15
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12:30
12:45
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13:15
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26-Jan
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1-Feb
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8-Feb
Daily Market Report
Saudi Arabia Stock Exchange
9 February 2016
TASI Index 6,967.4 -1.01%
Turnover (SAR mn) 4,415.6 10%
TASI Intra Day Movement
Global commentary
Research Department
research@alrajhi-capital.com
Tel:+966 11 211 9370
7,060
7,040
7,020
7,000
6,980
6,960
6,940
6,920
Intraday
TASI – Activity Trend (Last 10 Days)
-
6
4
2
Turnover (LHS, SAR bn)
Previous Close
TASI Index (RHS)
9,000
8,500
8,000
7,500
7,000
6,500
6,000
5,500
5,000
Regional Indices
Close 1D% WTD% YTD%
KSA (TASI) 6,967 -1.0 -1.8 -3.4
Qatar (DSM) 10,654 0.7 0.8 2.1
Kuw ait (KSE) 6,656 1.1 -2.7 15.8
Abu Dhabi (ADSM) 4,574 0.6 2.9 0.6
Dubai (DFM) 3,726 0.2 2.8 5.5
Oman (MSM30) 5,828 0.1 0.4 0.8
Bahrain (BSE) 1,310 0.0 0.2 7.3
MSCI GCC 478 -0.2 -0.3 0.3
Major Commodities / Currencies
Close 1D % WTD % YTD %
Gold Spot $/Oz 1,241 0.0 1.7 7.7
Silver Spot $/Oz 17.79 0.1 1.6 11.8
Crude Oil (Brent) 55.39 0.5 -2.5 -3.7
OPEC Basket 52.78 -1.8 -2.7 -1.0
Euro 1.07 -0.1 -0.9 1.6
USD Index 100.29 0.0 0.4 -1.9
JPY 112.170 -0.4 0.4 4.3
Major Global Indices
Close 1D % WTD % YTD %
DJ Industrial 20,054 -0.2 -0.1 1.5
S&P 500 2,295 0.1 -0.1 2.5
Nikkei 225 18,925 -0.4 0.0 -1.0
Hang seng 23,576 0.4 1.9 7.2
FTSE 100 7,189 0.0 0.0 0.6
CAC 40 4,767 0.3 -1.2 -2.0
MSCI World 1,802 0.3 -0.2 2.9
MSCI EM 922 0.2 0.3 6.9
US stock markets advanced on Wednesday, driven by positive
corporate earnings coupled with the rise in oil prices. The Nasdaq
Composite Index rose 0.2%, closing at a record high for the second
session in a row, while the S&P 500 edged up 0.1%, driven by
utilities and real estate sectors. However, the Dow Jones fell 0.2%,
led by financial stocks.
European markets ended on a mixed note on Wednesday. The CAC
40 gained 0.3%, backed by strong corporate earnings of Vinci and
Sanofi, whereas the DAX fell 0.1%, led by basic resources,
construction and chemical sectors. Meanwhile, the FTSE 100 ended
on a flat note, as investors were cautious ahead of the key vote in the
British parliament over the Brexit bill.
Most GCC markets gained yesterday. Kuwait climbed 1.1%, while
Qatar rose 0.7%, as Barwa Real Estate posted strong corporate
earnings. Further, Abu Dhabi jumped 0.6%, driven by energy stocks,
while Dubai and Oman added 0.2% and 0.1%, respectively.
Meanwhile, Bahrain ended the session on a flat note.
Most Asian markets are trading in the green this morning, tracking
positive cues from the US. The Shanghai Composite Index and the
Hang Seng Index are up 0.4% each, while the KOSPI is trading up
0.2%. However, the Nikkei 225 is trading down 0.3%, backed by the
stronger yen.
Brent crude edged up 0.1% on Wednesday, as investors brushed
aside the EIA report suggesting second-largest weekly rise in US
crude oil inventory. Key crude contracts Brent and WTI ended at
US$ 55.12 (+0.1%) and US$ 52.34 (+0.3%), respectively.
Saudi commentary
Tadawul All Share Index (TASI) lost 71.22 point or 1.01 % to
close at 6,967.40. Seventeen of the twenty sector indices closed
lower. The advance decline ratio was 18/150. Trading turnover was
around SAR 4.4bn.
Saudi Cement board proposes dividend for H216: The board
of directors of Saudi Cement Co. on Wednesday proposed issuing a
27.5 percent cash dividend (SAR 2.75 per share) for the second half
2016. (Argaam)
Dallah Healthcare inks MoU to build hospital in North
Jeddah: Dallah Healthcare Co. has signed an agreement with
Raeda Investment Co. to set up a company to build and operate a
general hospital in North Jeddah after obtaining necessary licenses,
Dallah said in a statement to Tadawul Wednesday.(Argaam)
Red Sea subsidiary to build SAR 63 mln staff housing in
Malaysia: Red Sea Housing Services Co.’s Malaysian subsidiary has
signed with Desaru Development Holdings One Sdn Bhd a letter of
acceptance (LOA) at a total value of SAR 62.8 million (MYR 74.3
million) to build an integrated staff village in Johor.(Argaam)
Interest Rates
1M 3M 12M 3M Chg 1Y
LIBOR (USD) 0.77 1.04 1.71 0.42
SAIBOR 1.69 1.96 2.34 0.23
EIBOR 0.97 1.40 2.10 0.34
Data Sources: Bloomberg
Updated as of 09/Feb/2017 7:59 AM
Please see penultimate page for additional important disclosures. Al Rajhi Capital (Al Rajhi) is a foreign broker-dealer unregistered in the USA. Al Rajhi research is prepared by research analysts
who are not registered in the USA. Al Rajhi research is distributed in the USA pursuant to Rule 15a-6 of the Securities Exchange Act of 1934 solely by Rosenblatt Securities, an SEC registered and
FINRA-member broker-dealer. 1

Energy
Health Care
Equipment & Svc
Consumer Services
Transport
Food & Staples
Retailing
Diversified
Financials
Commercial &
Professional Svc
Pharma
Consumer Durables
& Apparel
Media
Daily Market Report
Saudi Arabia Stock Exchange
TASI – Large Cap (>10% Index weight) Sectors’ Performance
TASI – Top Gainers / Losers
0.0
-0.5
-1.0
-1.5
-2.0
-2.5
-3.0
-3.5
1D % (LHS) MTD % (LHS) YTD % (RHS)
TASI Materials Banks Real
Estate
Telecom
0.0
-1.0
-2.0
-3.0
-4.0
-5.0
-6.0
-7.0
-8.0
-9.0
-10.0
Company Last Price Chg % Vol (mn) Value Trd (SAR mn)
Al-Ahlia Coop Ins 6.93 9.7 11.966 79.59
Solidarity Saudi 10.47 4.2 13.981 144.66
Malath Insurance 8.76 3.7 3.812 32.96
Saudi Enaya Coop 18.28 2.7 2.992 55.50
Amana Coop Ins 9.22 2.7 5.299 48.55
Company Last Price Chg % Vol (mn) Value Trd (SAR mn)
Wataniya Ins 32.6 -5.3 1.126 37.48
Sabb Takaful 30.4 -4.5 0.768 23.76
Aljazira Takaful 31.7 -4.1 0.617 19.77
Axa Cooperative 19.4 -4.1 2.600 51.36
Sipchem 18.2 -3.7 1.030 18.89
TASI – Mid Cap (5 -10% index weight) Sectors’ Performance
TASI – Top Index Movers / Losers (Heavy weight stocks)
6.0
5.0
4.0
3.0
2.0
1.0
0.0
-1.0
-2.0
-3.0
Insurance
1D % (LHS) MTD % (LHS) YTD % (RHS)
Food &
Beverages
Capital
Goods
Utilities
Retailing
6.0
4.0
2.0
0.0
-2.0
-4.0
-6.0
Company Last Price Chg % Index Imp Value Trd (SAR mn)
Saudi Elec 23.38 1.5 2.5 5.46
Savola 38.38 1.4 2.1 0.33
Emaar Eco City 18.64 2.0 1.1 2.82
Makkah Const 90.25 0.8 0.8 0.05
Al Othaim 102.69 1.2 0.4 0.09
Company Last Price Chg % Index Imp Value Trd (SAR mn)
Jabal Omar 67.27 -2.1 -8.2 10.04
Samba 21.13 -2.9 -6.3 16.83
Sabic 95.57 -0.8 -5.1 279.27
Almarai 67.02 -1.4 -2.9 15.85
STC 65.21 -1.2 -2.6 30.22
TASI – Small Cap (

26-Jan
26-Jan
26-Jan
29-Jan
29-Jan
29-Jan
30-Jan
30-Jan
30-Jan
31-Jan
31-Jan
31-Jan
1-Feb
1-Feb
1-Feb
2-Feb
2-Feb
2-Feb
5-Feb
5-Feb
5-Feb
6-Feb
6-Feb
6-Feb
7-Feb
7-Feb
7-Feb
8-Feb
8-Feb
8-Feb
DFM
ADSM
DSM
Real Estate
Bank
Bank
Energy
Reality
Telecome
Telecom
Insurance
Banks
Consumer
Fin.Services
Investment
Industrial
Transport
Transport
Services
Real Estate
Telcom
Insurance
Consumer
Services
Insurance
Daily Market Report
Saudi Arabia Stock Exchange
Performance of Regional markets
Country
Last Index Change (%) MCap Volume Turnover P/E (x) P/E (x) P/E (x) P/B (x) Div Yld
Close 1D 1M YTD US$ bn mn shr US$ mn 12M 2016 2017E Current 12M (%)
Saudi Arabia 6,967 -1.0 -1.9 -3.4 435 231 1,177 17.2 14.2 12.7 1.6 3.4
Qatar 10,654 0.7 0.5 2.1 134 9.5 87 15.5 13.1 11.6 1.6 3.8
Dubai 3,726 0.2 2.3 5.5 86 429 161 12.4 10.7 9.4 1.3 3.6
Abu Dhabi 4,574 0.6 0.6 0.6 119 107 58 11.9 12.0 10.6 1.4 5.3
Kuw ait 6,656 1.1 -2.6 15.8 96 593 159 22.9 NA NA 1.2 3.6
Oman 5,828 0.1 0.9 0.8 17 14 7 10.9 9.7 9.7 1.2 4.9
Bahrain 1,310 0.0 0.5 7.3 20 2.7 1 9.4 NA NA 0.4 4.3
Data Sources: Al Rajhi Capital, Bloomberg
Dubai – Activity Trend (Last 10 Days) Dubai – Sector Performances Dubai – Top Gainers / Losers
1.6
1.2
0.8
0.4
0.0
Turnover (LHS, AED bn)
DFMGI Index (RHS)
3,740
3,720
3,700
3,680
3,660
3,640
3,620
3,600
3,580
3,560
5.0
0.0
-5.0
1D % (LHS) MTD % (LHS) YTD % (RHS) Company Last Price Change % Vol (mn)
Dubai Islamic Ins 1.09 9.0 36.82
Takaful House 1.22 7.0 5.94
Islamic Arab Ins 0.62 4.6 55.06
Emaar Prop 7.58 1.5 11.13
DXB Entertainments 1.17 0.9 49.05
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
-2.0
-4.0
Company Last Price Change % Vol (mn)
Union Properties 1.13 -1.7 24.43
Drake & Scull Intl 0.53 -1.7 72.71
Amanat Holdings 1.20 -1.6 23.20
Damac Properties 0.45 -1.4 16.29
Amlak Finance 1.31 -0.8 6.50
Abu Dhabi – Activity Trend (Last 10 Days) Abu Dhabi – Sector Performances
Abu Dhabi – Top Gainers / Losers
0.5
0.0
Turnover (LHS, AED bn)
ADSMI Index (RHS)
5,000
4,500
4,000
3.0
2.0
1.0
0.0
-1.0
-2.0
-3.0
-4.0
1D % (LHS) MTD % (LHS) YTD % (RHS) Company Last Price Change % Vol (mn)
20.0 National Takaful 0.63 14.6 0.050
Union Cement 1.29 8.4 0.025
15.0
Intl Fish Farming 2.28 6.1 16.862
10.0
Al Khazna Ins 0.44 4.8 0.920
Methaq Takaful 0.94 3.3 12.629
5.0
0.0
-5.0
-10.0
Company Last Price Change % Vol (mn)
Abu Dhabi Aviati 2.90 -3.3 0.127
Arkan Building Mat 0.89 -2.2 3.531
Bank Of Sharjah 1.45 -1.4 0.337
Agthia Group 6.76 -1.3 0.024
Eshraq Propertie 1.12 -0.9 11.516
Qatar – Activity Trend (Last 10 Days) Qatar – Sector Performances Qatar – Top Gainers / Losers
0.6
0.3
0.0
Turnover (LHS, QAR bn)
DSM Index (RHS)
11,200
10,800
10,400
10,000
3.0
2.5
2.0
1.5
1.0
0.5
0.0
-0.5
-1.0
-1.5
-2.0
-2.5
1D % (LHS) MTD % (LHS) YTD % (RHS) Company Last Price Change % Vol (mn)
Barw a Real Est 38.70 8.3 2.587
CBQ 33.05 3.3 0.277
Doha Bank 38.00 2.7 0.391
Ind Qatar 112.50 1.4 0.087
Mas Al Rayan 41.50 1.1 1.592
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
-1.0
-2.0
-3.0
-4.0
Company Last Price Change % Vol (mn)
United Devt Co 21.88 -3.0 0.513
Mazaya Qatar 14.23 -1.9 0.207
Qatar Navigation 93.50 -0.5 0.035
Qatary investors 54.80 -0.4 0.004
Qatar Insurance 83.50 -0.4 0.159
Data Sources: Al Rajhi Capital, Bloomberg
Disclosures Please refer to the important disclosures at the back of this report. 3

Thousands
Thousands
26-Jan
26-Jan
26-Jan
29-Jan
29-Jan
29-Jan
30-Jan
30-Jan
30-Jan
31-Jan
31-Jan
31-Jan
1-Feb
1-Feb
1-Feb
2-Feb
2-Feb
2-Feb
5-Feb
5-Feb
5-Feb
6-Feb
6-Feb
6-Feb
7-Feb
7-Feb
7-Feb
8-Feb
8-Feb
8-Feb
KSE
BSE
Technology
Investment
Banks
Industrial
Real estate
Hotel & Tourism
Bank
Fin. Services
Parallel
Insurance
Services
Telecom
Industries
Consumer
Insurance
Services
Basic material
Oil&Gas
Healthcare
Daily Market Report
Saudi Arabia Stock Exchange
Kuwait – Activity Trend (Last 10 Days) Kuwait – Sector Performances Kuwait – Top Gainers / Losers
80
70
60
50
40
30
20
10
0
Turnover (LHS, KWD mn)
KWSEIDX Index (RHS)
7,000
6,900
6,800
6,700
6,600
6,500
6,400
4.0
2.0
0.0
-2.0
-4.0
-6.0
-8.0
-10.0
-12.0
-14.0
1D % (LHS) MTD % (LHS) YTD % (RHS) Company Last Price Change % Vol (mn)
35.0 National Consumer 50 17.7 0.003
30.0 Real Estate Asset Mgmt 250 13.6 3.600
Hets Telecom 55 10.0 1.380
25.0
Al Salam Group Hldg 56 9.8 8.171
20.0 Yiaco Medical Co 280 9.8 0.001
15.0
10.0
5.0
0.0
-5.0
Company Last Price Change % Vol (mn)
Hayat Communications 99 -8.3 0.235
Ikarus Petroleum 33 -7.0 5.367
Kuw ait Foundry 320 -5.9 0.242
United Real Estate 100 -5.7 0.252
First Dubai Real Est 74 -5.1 2.168
Oman – Activity Trend (Last 10 Days) Oman – Sector Performances Oman – Top Gainers / Losers
8
4
0
Turnover (LHS, OMR mn)
MSM30 Index (RHS)
5,840
5,820
5,800
5,780
5,760
5,740
5,720
5,700
2.5
2.0
1.5
1.0
0.5
0.0
-0.5
1D % (LHS) MTD % (LHS) YTD % (RHS) Company Last Price Change % Vol (mn)
6.0
Al-Anw ar Ceramic 0.169 2.4 4.932
5.0 Bank Nizw a 0.089 1.1 3.948
4.0 Al Batinah Pow er 0.189 1.1 0.007
3.0 Oman Telecom 1.435 0.4 0.115
2.0
NA NA NA NA
MSM 30 Bank Industry Services
1.0
0.0
-1.0
-2.0
Company Last Price Change % Vol (mn)
Al Anw ar Holding 0.186 -1.6 0.170
Phoenix Pow er 0.144 -1.4 0.015
Renaissance Serv 0.241 -1.2 0.150
Al Sharqiya Inv 0.139 -0.7 0.053
Oman Invest &Fin 0.216 -0.5 0.692
Bahrain – Activity Trend (Last 10 Days) Bahrain – Sector Performances Bahrain – Top Gainers / Losers
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
-
Turnover (LHS, BHD mn)
BHSEASI Index (RHS)
1,315
1,310
1,305
1,300
1,295
1,290
1,285
2.0
1.5
1.0
0.5
0.0
-0.5
-1.0
-1.5
-2.0
1D % (LHS) MTD % (LHS) YTD % (RHS)
15.0
10.0
5.0
0.0
-5.0
-10.0
-15.0
Company Last Price Change % Vol (mn)
Ithmaar Bank 0.190 5.6 0.750
Bahrain Islamic Bk 0.135 3.9 0.174
Nass Corp 0.147 2.8 0.189
BMMI 0.835 1.8 0.070
Bahrain Comm Fac 0.665 1.5 0.020
Company Last Price Change % Vol (mn)
Khaleeji Com Bk 0.103 -2.8 0.420
Al-Salam Bank 0.121 -2.4 0.065
Ahli United Bk 0.710 -0.7 0.707
NA NA NA NA
NA NA NA NA
Data Sources: Al Rajhi Capital, Bloomberg
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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5

Daily Market Report
Saudi Arabia Stock Exchange
Disclaimer and additional disclosures for Equity Research
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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public disclosure of such information by Al Rajhi Capital. The information contained was obtained from various public sources believed to be
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
information nor any opinion expressed constitutes an offer or an invitation to make an offer, to buy or sell any securities or other investment
products related to such securities or investments. It is not intended to provide personal investment advice and it does not take into account
the specific investment objectives, financial situation and the particular needs of any specific person who may receive this document.
Investors should seek financial, legal or tax advice regarding the appropriateness of investing in any securities, other investment or
investment strategies discussed or recommended in this document and should understand that statements regarding future prospects may
not be realized. Investors should note that income from such securities or other investments, if any, may fluctuate and that the price or value
of such securities and investments may rise or fall. Fluctuations in exchange rates could have adverse effects on the value of or price of, or
income derived from, certain investments. Accordingly, investors may receive back less than originally invested. Al Rajhi Capital or its
officers or one or more of its affiliates (including research analysts) may have a financial interest in securities of the issuer(s) or related
investments, including long or short positions in securities, warrants, futures, options, derivatives, or other financial instruments. Al Rajhi
Capital or its affiliates may from time to time perform investment banking or other services for, solicit investment banking or other business
from, any company mentioned in this research document. Al Rajhi Capital, together with its affiliates and employees, shall not be liable for
any direct, indirect or consequential loss or damages that may arise, directly or indirectly, from any use of the information contained in this
research document.
This research document and any recommendations contained are subject to change without prior notice. Al Rajhi Capital assumes no
responsibility to update the information in this research document. Neither the whole nor any part of this research document may be altered,
duplicated, transmitted or distributed in any form or by any means. This research document is not directed to, or intended for distribution to
or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such
distribution, publication, availability or use would be contrary to law or which would subject Al Rajhi Capital or any of its affiliates to any
registration or licensing requirement within such jurisdiction.
Explanation of Al Rajhi Capital’s rating system
Al Rajhi Capital uses a three-tier rating system based on absolute upside or downside potential for all stocks under its coverage except
financial stocks and those few other companies not compliant with Islamic Shariah law:
"Overweight": Our target price is more than 10% above the current share price, and we expect the share price to reach the target on a 12
month time horizon.
"Neutral": We expect the share price to settle at a level between 10% below the current share price and 10% above the current share price
on a 12 month time horizon.
"Underweight": Our target price is more than 10% below the current share price, and we expect the share price to reach the target on a 12
month time horizon.
"Target price": We estimate target value per share for every stock we cover. This is normally based on widely accepted methods
appropriate to the stock or sector under consideration, e.g. DCF (discounted cash flow) or SoTP (sum of the parts) analysis.
Please note that the achievement of any price target may be impeded by general market and economic trends and other external factors, or
if a company’s profits or operating performance exceed or fall short of our expectations.
Contact us
Al Rajhi Capital
Research Department
Head Office, King Fahad Road
P.O. Box 5561, Riyadh 11432
Kingdom of Saudi Arabia
Email: research@alrajhi-capital.com
Al Rajhi Capital is licensed by the Saudi Arabian Capital Market Authority, License No. 07068/37.
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