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Kuwait Financial Centre “Markaz” Kuwait Watch Market Commentary The Kuwait Market Price Index closed on a positive note at 6,441 points, a gain of 0.14%. The Weighted Index closed at 418.99, a gain of 0.67%. The KSE 15 Index closed on a positive note at 1,002.4, a gain of 1.17%. 47 stocks advanced while 50 declined. The Financial Services Index witnessed highest volume traded at 99.5 Mn and the highest value traded at KD 6.5 Mn. Several indices were positive. Banking Index was the top gainer, up 1.37%. Oil & Gas Index was the top loser, down 1.37%. Blue-chips were mixed. COMMERCIAL BANK was the top gainer, up 6.58%, closing at KD 0.81. NAT MOBILE TELE was the top loser, down 2.54%, closing at KD 2.3. Kuwait Indices Index M. Cap Last % WTD MTD YTD 11 PE PB Kd Bn Close Change (%) (%) (%) (%) KSE Index 29.25 6,441 0.14 -0.08 1.14 10.79 -16 61 2 Oil & Gas 0.41 508 -1.37 1.59 1.59 1.59 63 1 Basic Materials 0.65 501 0.48 0.19 0.19 0.19 21 1 Industrials 2.50 500 -0.22 0.04 0.04 0.04 13 1 Consumer Goods 0.65 494 0.03 -1.24 -1.24 -1.24 15 2 Healthcare 0.20 494 0.00 -1.20 -1.20 -1.20 25 3 Consumer Servic’s 0.81 495 0.97 -0.98 -0.98 -0.98 10 2 Telecom 4.41 496 0.21 -0.74 -0.74 -0.74 15 1 Banking 13.93 502 1.37 0.32 0.32 0.32 110 2 Insurance 0.35 494 0.33 -1.15 -1.15 -1.15 10 1 Real Estate 2.09 498 -0.23 -0.34 -0.34 -0.34 28 2 Financial Services 3.15 498 -0.06 -0.32 -0.32 -0.32 12 1 Technology 0.07 500 0.33 0.02 0.02 0.02 9 1 Volume & Value Index Volume (Mn) % Change Value (Mn) 174.4 0.9 0.4 35.1 1.7 0.0 0.4 2.2 0.0 6.2 0.0 27.7 99.5 0.0 0.4

KSE Index Oil & Gas Index Basic Materials Index Industrials Index Consumer Goods Index Healthcare Index Consumer Services Index Telecommunications Index Utilities Index Banking Index Insurance Index Real Estate Index Financial Services Index Investment Instruments Index Technology Index Most Active Most Active Volume

Volume % Chg Traded in Price (Mn)

GULF FIN HOUSE 41.6 NATL RANGES CO 27.3 AL SAFWA GRP 13.0 GULF INV HOUSE 10.8 PRIVATIZATION 8.7 AAYAN REAL EST 7.8 INVESTORS HLDING 7.6 GULF CEMENT 4.0 NAT IND GROUP 4.0 FIRST INVESTMENT 3.8 Corporate Earnings Watch

-3.0 12.5 13.2 1.4 0.0 7.0 15.2 -3.0 0.0 0.0

0.14 -1.37 0.48 -0.22 0.03 0.00 0.97 0.21 0.00 1.37 0.33 -0.23 -0.06 0.00 0.33

16.5 0.1 0.1 1.7 0.2 0.0 0.1 0.7 0.0 4.5 0.0 2.6 6.5 0.0 0.0 Value Traded % Chg in (Kd Price Mn) 2.4 1.9 2.0 -3.0 1.4 0.0 1.3 1.7 0.9 0.0 0.7 0.0 0.6 7.0 0.6 12.5 0.6 0.0 0.4 1.4

Most Active Value NATIONAL BANK KT GULF FIN HOUSE MABANEE CO BOUBYAN BANK NAT IND GROUP PRIVATIZATION AAYAN REAL EST NATL RANGES CO FIRST INVESTMENT ZAIN

Total number Number of Number of of companies Un-changed Advances Declines Indicators listed Kuwait Stock Exchange 205 47 50 108 Oil & Gas Index 7 2 4 1 Basic Materials Index 5 2 1 2 Industrials Index 39 10 10 19 Consumer Goods Index 7 1 0 6 Health Care Index 3 0 0 3 Consumer Services Index 17 4 1 12 Telecom Index 3 1 1 1 Banking Index 12 6 3 3 Insurance Index 9 2 1 6 Real Estate Index 39 8 12 19 Financial Services Index 59 10 15 34 Technology Index 4 1 2 1 Top Gainers Last % Gain Companies MTD (%) YTD (%) Close 1 Day INVESTORS HLDING 0.019 15.15 -5.0 52.0 AL SAFWA GRP 0.022 13.16 19.4 48.3 NATL RANGES CO 0.023 12.50 -4.3 60.7 ARAB INS GROUP 0.122 8.93 13.0 -7.6 AUTOMATED SYS CO 0.320 8.47 8.5 39.1 FIRST TAKAFUL 0.132 8.20 8.2 -1.5 SALBOOKH TRADING 0.037 7.25 -14.9 -22.1 UNITED PROJ CO 0.375 7.14 8.7 25.0 AAYAN REAL EST 0.076 7.04 8.6 38.2 COMMERCIAL BANK 0.810 6.58 3.8 2.5 Top Losers Last % Loss Companies MTD (%) YTD (%) Close 1 Day ALDAR NAT R.E. 0.026 -8.77 -8.8 79.3 HUMAN SOFT HLDNG 0.248 -8.15 -9.8 -11.4 MANAFAE INVEST 0.059 -7.81 -3.3 -1.7 MANAZEL HOLDING 0.031 -7.46 -1.6 93.8 GLF FRANCHISING 0.032 -7.25 39.1 73.0 STRATEGIA 0.070 -6.67 4.5 2.9 ARKAN ALKWT R.E. 0.075 -6.25 -6.3 2.7 MENA REAL ESTATE 0.039 -6.02 5.4 23.8 ITHMAAR BANK 0.044 -5.38 -5.4 131.6 BURGAN DRILLING 0.242 -5.10 1.7 14.2 Derivatives Top Five Strike Premium Avg Traded Volume Expiry Options Traded Price(KD) Bid(KD) Ask(KD) Price (KD) (000’s) OULAFUEL(Purch) 27-Dec 0.265 0.035 0.039 0.255 50 OULAFUEL(Purch) 27-Sep 0.265 0.025 0.028 0.255 50 OULAFUEL(Purch) 28-Jun 0.265 0.01 0.012 0.255 50 OULAFUEL(Purch) 31-May 0.255 0.008 0.01 0.255 50 TAM(Purch) 31-May 0.234 0.006 0.008 0.234 50 Source: Forsa fund, an open ended fund managed by Markaz, is the sole market maker for Options in Kuwait Interest Rate (Deposit Rate) Diff FY11 Diff Period Kuwait rate US Rate (US – KW) (US – KW) 1M 0.40 0.44 0.04 -0.08 2M 0.50 0.37 -0.13 -0.06 3M 0.65 0.27 -0.38 -0.04 6M 0.85 1.18 0.33 0.02 Last FOMC Meeting Date: Apr 24-25 Next FOMC Meet Date: Jun 19-20 Blue Chips (Top 10)

Earnings Company Name

15 May, 2012

Market Breadth

Type

Country

Currency

LFY

PFY

% Chg

Bahrain Nat Holding GFH

3M

Bah

BHD(Mn)

0.79

1.02

-22.0

3M

Bah

USD(Mn)

1.00

12.5

-92.0

Arab Ins

3M

Bah

USD(Mn)

5.50

0.64

753.0

Takaful Al Emarat Ins

3M

UAE

AED(Mn)

-3.3

-3.60

N.M.

Companies Kuwait (KWD) ZAIN NATIONAL BANK KT KWT FIN HOUSE GULF BANK NAT IND GROUP COMMERCIAL BANK AGILITY NAT MOBILE TELE AUBK BAHRAIN AL AHLI BANK

M. Cap Pct Last Kd Bn Chg %

3.15 4.59 2.10 1.12 0.29 0.97 0.43 1.19 0.90 0.91

0.740 1.080 0.720 0.430 0.224 0.810 0.410 2.300 0.172 0.590

1.37 1.89 0.00 1.18 0.00 6.58 0.00 -2.54 0.00 -1.67

% M T D 0.00 1.89 -1.37 -2.27 0.00 3.85 -2.38 -4.96 1.18 1.72

% Y T D -17.78 -3.57 -20.00 -15.69 -13.85 2.53 9.33 18.56 -8.51 -10.61

11 %

-40.79 -14.44 -16.21 -10.53 -24.64 -14.13 -27.88 2.11 -6.00 -5.71

P P / / E B (TTM) (TTM) 10.57 15.15 26.51 38.92 0.00 NM 15.22 11.23 10.34 19.78

1.51 2.03 1.64 2.56 0.77 1.82 0.48 1.50 1.27 1.88


Kuwait Stock Statistics

Name Large Caps AHLI UNITED BANK AUBK BAHRAIN AL AHLI BANK BOUBYAN BANK BOUBYAN PETROCH. BURGAN BANK COMMERCIAL BANK GULF BANK GULF CABLE IND KUWAIT INT BANK KWT CEMENT CO KWT FIN HOUSE KWT FOOD CO KWT PROJECTS CO MABANEE CO NAT IND GROUP NAT MOBILE TELE NATIONAL BANK KT P WARE H-AGILITY ZAIN Mid Caps AVIATION LS &FIN COM. FACILITIES COMBINED GROUP COMMERCIAL R.E. E K HOLDING IFA HTLS&RESORTS IKARUS PETRO IND ITHMAAR BANK QURAIN PETRO IND UNITED GULF BANK Small Caps AAYAN LEASING AAYAN REAL EST ABYAAR REAL EST ACICO INDUSTRIES ADV TECHNOLOGY AHLEIA INS CO AJIAL REAL EST AL ARGAN INTL AL DEERA HLDG CO AL ENMAA REA EST AL MADAR FIN&INV AL MASAR LEASING AL MAZAYA HLDING AL MOWASAT CO AL MUDON INTL AL NAWADI HOLD AL QURAIN HLDG AL SAFAT ENERGY AL SAFAT INV AL SAFAT TEC HLD AL SAFWA GRP AL SALAM GRP HLD AL TAMDEEN INV ALAHLEIA HLD CO AL-AMAN INV CO ALDAR NAT R.E. ALIMTIAZ INV CO ALKOUT IND PROJ ALMADINA FIN&INV AL-MAL INV CO AL-MASSALEH R.E. ALRAI MEDIA AMWAL INT INV AQAR REAL EST ARAB INS GROUP ARAB REAL EST CO ARABI HOLDING AREF ENERGY HLDG AREF INVEST GRP ARKAN ALKWT R.E. AUTOMATED SYS CO

Market Cap Last Value % Price % Price ( Mn Closing % Traded Volume Change Change Dollars) Price Change (Kd Mn) (Mn) MTD YTD

PE (x)

3,745 3,219 3,266 3,773 1,064 2,334 3,477 4,025 1,042 1,026 1,009 7,521 1,966 1,586 2,242 1,043 4,278 16,480 1,544 11,310

0.900 0.172 0.590 0.610 0.620 0.425 0.810 0.430 1.360 0.275 0.430 0.720 1.360 0.325 1.020 0.224 2.300 1.080 0.410 0.740

2.27 0.00 -1.67 1.67 1.64 1.19 6.58 1.18 -1.45 0.00 -2.27 0.00 0.00 -1.52 0.00 0.00 -2.54 1.89 0.00 1.37

0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 2 0 0

0 0 0 2 0 0 0 1 0 1 0 0 0 0 1 4 0 2 1 1

1.1 1.2 1.7 3.4 0.0 -2.3 3.8 -2.3 4.6 1.9 -4.4 -1.4 0.0 0.0 2.0 0.0 -5.0 1.9 -2.4 0.0

19.6 -4.0 -6.1 3.4 10.7 -6.1 2.5 -11.5 -4.2 7.8 -6.5 -13.6 -8.1 11.9 30.5 -13.8 18.6 6.1 9.3 -17.8

28.49 10.34 19.78 NM 33.66 11.15 NM 38.92 7.98 21.67 19.07 26.51 11.08 13.64 29.49 0.00 11.23 15.15 15.22 10.57

4.1 1.3 1.9 4.3 1.2 1.4 1.8 2.6 1.7 1.4 1.9 1.6 1.9 0.8 4.1 0.8 1.5 2.0 0.5 1.5

1.7 4.8 2.5 0.0 5.7 2.4 0.0 0.0 5.3 1.8 3.4 2.1 4.8 6.1 1.0 0.0 2.1 3.8 9.8 8.9

14-Sep-11 27-Jul-11 19-May-11 14-May-12 23-Apr-12 31-May-11 3-Aug-11 19-May-11 14-Sep-11 18-May-11 17-May-11 1-Jun-11 22-Jun-11 19-May-11 14-May-12 14-Nov-11 23-Apr-12 19-May-11 5-Mar-12 22-May-11

0.952 0.198 0.657 0.610 0.630 0.514 0.920 0.543 1.620 0.345 0.610 0.963 1.620 0.386 1.020 0.280 2.480 1.127 0.435 1.080

26-May-11 11-Apr-12 13-May-12 4-Apr-12 11-Aug-11 9-Apr-12 20-Mar-12 9-Apr-12 29-Apr-12 17-Jan-12 29-Feb-12 14-May-12 29-Apr-12 11-Jan-12 22-Aug-11 14-Aug-11 28-Nov-11 22-Aug-11 15-Aug-11 9-Apr-12

0.714 0.166 0.570 0.530 0.520 0.405 0.700 0.415 1.240 0.234 0.415 0.710 1.340 0.271 0.700 0.192 1.880 0.900 0.246 0.680

0.61 1.06 0.47 0.72 1.32 1.30 0.30 0.80 1.15 1.23 1.12 0.95 1.06 1.42 1.51 1.98 0.42 0.82 1.16 1.00

813 531 584 561 923 653 523 617 855 518

0.290 0.275 1.680 0.086 0.305 0.375 0.190 0.044 0.214 0.162

0.00 0.00 0.00 1.18 3.39 0.00 -2.06 -5.38 -0.93 -1.22

0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0

-3.3 3.8 0.0 -3.4 7.0 -1.3 -1.0 -5.4 -0.9 -1.2

-7.9 5.8 6.3 11.7 22.0 -21.1 11.8 131.6 0.0 -17.3

5.72 10.02 15.97 14.12 7.85 0.00 17.28 0.00 13.09 86.81

1.5 0.9 4.0 0.6 1.3 3.7 1.0 1.1 1.1 0.9

3.4 8.0 4.2 5.9 4.7 0.0 4.1 0.0 0.0 0.0

27-Oct-11 22-May-11 18-May-11 14-Apr-12 8-Jun-11 8-Dec-11 19-Mar-12 8-May-12 10-Oct-11 26-Jun-11

0.355 0.370 1.940 0.097 0.380 0.510 0.214 0.073 0.228 0.335

9-Jan-12 31-Jan-12 23-Oct-11 26-May-11 14-Jan-12 21-Nov-11 18-May-11 23-Jan-12 6-Jun-11 14-May-12

0.270 0.250 1.300 0.064 0.248 0.285 0.136 0.018 0.186 0.162

1.06 0.52 1.18 0.77 1.40 0.69 1.25 1.66 1.10 0.33

166 101 187 211 437 297 96 162 103 151 67 25 189 58 79 40 23 176 278 109 89 229 213 39 63 43 432 132 94 94 108 104 42 84 86 70 78 351 198 64 42

0.071 0.076 0.047 0.248 0.750 0.420 0.150 0.162 0.039 0.092 0.051 0.043 0.083 0.198 0.220 0.100 0.022 0.080 0.100 0.075 0.022 0.265 0.182 0.013 0.036 0.026 0.106 0.415 0.061 0.050 0.122 0.124 0.064 0.099 0.122 0.039 0.166 0.126 0.052 0.075 0.320

0.00 7.04 -1.06 0.00 0.00 0.00 0.00 0.00 1.30 -1.08 0.00 0.00 2.47 0.00 0.00 5.26 0.00 -1.23 0.00 -1.32 13.16 0.00 0.00 0.00 0.00 -8.77 0.00 0.00 -4.69 0.00 -4.69 0.00 0.00 -1.00 8.93 2.63 3.75 -3.08 0.00 -6.25 8.47

0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 8 3 0 0 0 0 0 1 0 0 0 0 0 0 0 0 3 0 0 13 1 0 0 0 2 0 0 2 0 0 0 0 0 0 1 2 0 0 0 0

0.0 8.6 -1.1 6.9 0.0 -6.7 21.0 8.0 1.3 -1.1 0.0 0.0 -4.6 12.5 0.0 28.2 0.0 -2.4 0.0 4.2 19.4 10.4 -5.2 0.0 -6.5 -8.8 0.0 0.0 -7.6 -4.8 24.5 1.6 0.0 28.6 13.0 2.6 25.8 0.0 0.0 -6.3 8.5

0.0 38.2 76.1 10.7 17.2 -15.2 15.4 12.5 41.8 -4.2 0.0 0.0 33.9 52.3 0.0 14.2 15.8 77.8 33.3 29.3 48.3 154.8 16.7 4.0 26.3 79.3 -19.7 25.8 60.5 -2.9 48.8 0.0 0.0 10.0 -7.6 27.9 80.4 18.9 0.0 2.7 39.1

0.00 NM NM 30.69 33.57 10.64 0.00 8.22 0.00 37.96 0.00 0.00 0.00 7.71 NM 8.25 0.00 0.00 0.00 0.00 0.00 15.19 18.27 0.00 0.00 1.99 5.26 9.98 0.00 0.00 6.31 22.92 0.00 0.00 0.00 12.34 37.65 NM 0.00 12.68 25.30

10.4 0.4 0.5 0.8 3.5 1.0 0.5 0.7 0.5 0.8 0.7 0.5 0.6 0.9 1.3 0.7 0.3 0.9 1.3 0.8 1.6 2.3 0.6 0.3 0.9 0.7 0.5 1.6 0.4 0.5 0.7 1.1 0.7 1.0 0.4 0.3 1.1 1.4 0.4 0.7 1.4

0.0 0.0 0.0 2.0 1.9 5.7 0.0 5.9 0.0 0.0 0.0 0.0 0.0 4.2 0.0 7.4 0.0 0.0 0.0 0.0 0.0 1.9 3.7 0.0 0.0 0.0 9.4 8.4 0.0 0.0 5.5 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 6.3 8.5

NA 26-Mar-12 5-Mar-12 4-Jul-11 25-Apr-12 24-Mar-12 9-May-12 28-Mar-12 24-Mar-12 17-May-11 NA NA 20-Mar-12 14-Apr-12 10-Jul-11 14-May-12 15-May-11 7-May-12 20-Mar-12 8-May-12 8-May-12 8-May-12 7-Jun-11 28-Feb-12 1-Jun-11 8-May-12 22-May-11 4-Apr-12 15-Feb-12 28-Jun-11 8-May-12 18-Jan-12 5-Jan-11 8-May-12 24-Jul-11 29-Feb-12 9-May-12 5-May-12 20-Jan-11 7-May-12 24-Mar-12

0.000 0.075 0.053 0.300 0.810 0.514 0.164 0.174 0.049 0.120 0.000 0.000 0.093 0.168 0.240 0.100 0.040 0.087 0.110 0.081 0.026 0.285 0.206 0.019 0.046 0.044 0.214 0.415 0.102 0.079 0.134 0.164 0.079 0.102 0.132 0.053 0.164 0.134 0.082 0.095 0.350

NA 28-Jan-12 5-Feb-12 18-Jan-12 8-Sep-11 13-Mar-12 18-Aug-11 18-Dec-11 11-Aug-11 1-May-12 NA NA 24-Aug-11 14-Nov-11 28-Dec-11 5-Dec-11 22-Nov-11 11-Aug-11 28-Apr-11 15-May-11 23-Aug-11 28-Aug-11 29-Sep-11 18-Jul-11 14-Jan-12 15-Aug-11 17-Apr-12 24-Mar-12 14-Aug-11 22-Aug-11 20-Jul-11 29-Aug-11 28-Mar-11 9-Apr-12 27-Mar-12 17-Jan-12 25-Feb-12 12-Oct-11 31-Mar-11 10-Aug-11 15-Sep-11

0.000 0.052 0.022 0.190 0.590 0.429 0.097 0.106 0.019 0.091 0.000 0.000 0.051 0.130 0.220 0.067 0.019 0.032 0.055 0.041 0.013 0.029 0.146 0.011 0.022 0.013 0.102 0.340 0.028 0.039 0.064 0.063 0.064 0.073 0.102 0.027 0.084 0.085 0.049 0.051 0.204

1.67 0.93 2.34 1.21 -1.07 0.30 0.79 1.40 0.37 0.71 1.32 0.00 1.49 0.19 0.00 0.00 1.91 1.74 2.63 2.14 2.33 2.21 1.42 1.24 1.16 1.90 0.00 0.00 2.06 2.31 1.24 0.00 0.00 0.25 0.20 2.05 1.40 2.00 1.50 0.52 1.92

Dividend 52 Week 52 Week 52 Week 52 Week PB (x) yield (%) High Date High Price Low Date Low Price Beta


Kuwait Stock Statistics

Name Small Caps BAH KW INSURANCE BAYAN INVEST CO BOUBYAN INTER BURGAN DRILLING CITY GROUP COAST INV & DEV CONSUMER INDUST CREDIT RATING DANAH ALSAFAT EDU HLDING GROUP EKTTITAB HLDG CO EQUIPMENT HLDING EYAS EDUCATION FIRST DUBAI R.E FIRST INVESTMENT FIRST TAKAFUL FUJAIRAH CEMENT FUTURE COMMS FUTUREKID GLF FRANCHISING GLOBAL INVEST GRAND REAL EST GULF CEMENT GULF FIN HOUSE GULF GLASS CO GULF INS CO GULF INV HOUSE GULF NOR AFR HLD GULF PETROL INV HAYAT COMMS HEAVY ENG & SHIP HILAL CEMENT CO HITS TELECOM HLD HOUSING FIN CO HUMAN SOFT HLDNG INDEPEN. PETROL INDUST INVEST CO INJAZZAT RE EST INOVEST BSC INT FIN ADVISORS INTL FINANCE CO INTL RESORTS INVESTORS HLDING JAZEERA AIRWAYS JEERAN HLDING CO KGL LOGISTICS CO KIPCO ASSET MGMT KME FINANC. INV. KOUT FOOD GRP KT AND GULF LINK KUWAIT CHINA INV KUWAIT FOUNDRY KUWAIT INS CO KW BAH INTL EXCH KW CO PROC PLANT KW SLAUGHTER HSE KWT BLD MAT MFG KWT BUS TOWN KWT CABLE VISION KWT COM. COMPLEX KWT FIN & INV KWT GYPSUM KWT HOTELS CO KWT INVEST CO KWT NAT CINEMA KWT PACKING MAT KWT PIPES IND KWT R.E.HOLDING KWT REAL EST KWT REINSURANCE KWT RESORTS KWT SYRIAN HLDG LIVESTOCK T.T CO

Market Cap Last Value % Price % Price ( Mn Closing % Traded Volume Change Change Dollars) Price Change (Kd Mn) (Mn) MTD YTD 105 58 76 192 224 130 33 71 99 97 78 88 103 147 342 44 97 76 44 15 229 24 288 258 145 336 58 26 54 39 156 56 236 41 111 178 40 83 69 132 283 32 64 370 57 278 214 97 134 112 196 179 209 41 82 28 24 49 6 52 32 14 53 202 349 42 96 43 183 87 36 36 143

0.325 0.040 0.071 0.242 0.560 0.057 0.102 0.120 0.095 0.110 0.094 0.184 0.240 0.040 0.146 0.132 0.100 0.244 0.098 0.032 0.049 0.018 0.097 0.049 0.950 0.490 0.037 0.050 0.067 0.114 0.260 0.218 0.091 0.039 0.248 0.340 0.025 0.067 0.063 0.049 0.102 0.058 0.019 0.410 0.108 0.280 0.226 0.091 0.510 0.122 0.068 0.350 0.280 0.236 0.380 0.305 0.214 0.018 0.058 0.052 0.026 0.112 0.244 0.102 1.000 0.275 0.120 0.039 0.056 0.182 0.049 0.033 0.184

0.00 -1.25 1.43 -5.10 0.00 -1.72 0.00 0.00 0.00 0.00 -1.05 2.22 0.00 -2.44 0.00 8.20 0.00 0.00 0.00 -7.25 0.00 0.00 -3.00 -3.00 0.00 -2.00 1.37 2.04 -2.90 -3.39 -1.89 4.81 0.00 0.00 -8.15 4.62 0.00 0.00 0.00 -4.90 4.08 0.00 15.15 0.00 -1.82 0.00 0.00 0.00 0.00 3.39 0.00 0.00 0.00 0.00 5.56 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -4.31 0.00 4.17 0.00 1.69 2.63 0.00 0.00 0.00 -1.49 0.00

0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 2 0 0 0 0 1 4 0 1 0 0 0 0 0 4 42 0 0 11 0 1 0 0 0 2 0 0 0 0 0 0 3 1 1 8 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0

0.0 1.3 -6.6 1.7 0.0 -6.6 0.0 -7.7 3.3 0.0 -4.1 3.4 0.0 -4.8 -6.4 8.2 14.9 -11.3 -5.8 39.1 0.0 0.0 9.0 -16.4 -13.6 -2.0 8.8 -2.0 -1.5 -10.9 -8.8 3.8 -3.2 0.0 -9.8 3.0 0.0 -6.9 -13.7 -6.7 -5.6 -9.4 -5.0 -3.5 27.1 3.7 -22.1 -10.8 -3.8 0.0 0.0 6.1 3.7 -10.9 22.6 22.0 -4.5 0.0 1.8 0.0 0.0 -8.2 -12.9 -1.9 4.2 5.8 0.0 9.9 -1.8 -9.9 1.0 3.1 0.0

10.0 25.4 -19.3 14.2 5.7 5.6 9.7 -14.3 -1.0 0.0 113.6 247.2 -7.7 56.9 30.4 -1.5 112.8 -18.7 -14.0 73.0 0.0 0.0 56.5 19.8 -22.1 -8.1 68.2 7.5 106.2 40.7 -23.5 0.9 68.5 6.9 -11.4 -1.4 -30.6 -11.8 59.5 21.3 0.0 52.6 52.0 -0.9 27.1 16.7 14.3 82.0 -1.9 19.6 23.6 -16.3 -13.8 -7.5 24.6 17.3 -5.3 -38.6 -14.7 0.0 0.0 -12.5 -12.9 -3.8 1.0 -8.3 -7.7 2.6 16.7 -5.4 5.4 20.0 -17.1

PE (x) 10.09 0.00 0.00 36.90 0.00 0.00 0.00 0.00 NM 58.51 0.00 0.00 9.28 0.00 0.00 0.00 0.00 18.27 14.46 0.00 0.00 0.00 0.00 NM 15.53 13.15 0.00 0.00 10.71 0.00 11.95 12.72 NM 0.00 12.88 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9.74 21.07 8.46 0.00 0.00 9.14 0.00 0.00 0.00 13.13 19.45 15.02 12.71 35.96 0.00 0.00 0.00 0.00 18.85 0.00 15.81 17.81 5.20 0.00 0.00 50.45 0.00 0.00 0.00 0.00

Dividend 52 Week 52 Week 52 Week 52 Week PB (x) yield (%) High Date High Price Low Date Low Price Beta 1.4 0.4 0.5 1.0 2.9 0.9 1.3 1.1 0.7 1.0 1.0 1.6 1.3 0.7 1.1 1.4 0.0 1.4 0.6 1.1 3.5 1.7 0.9 1.1 3.0 1.4 0.9 0.5 0.7 1.1 1.4 0.9 0.7 0.8 1.4 0.7 0.4 0.4 0.0 0.3 0.7 0.7 0.6 4.0 0.6 1.5 0.7 0.8 1.3 0.6 0.7 1.0 1.2 1.9 1.4 2.0 1.4 0.2 1.1 0.3 0.0 0.8 2.7 0.6 2.1 1.0 1.2 0.8 0.4 0.6 0.6 0.4 1.0

0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7.7 0.0 0.0 0.0 0.0 4.8 4.7 0.0 0.0 0.0 0.0 0.0 4.0 4.0 0.0 0.0 0.0 0.0 3.8 6.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 1.8 13.3 0.0 5.9 0.0 0.0 5.3 6.7 4.5 1.4 7.1 2.2 0.0 0.0 0.0 0.0 5.5 0.0 0.0 4.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0

NA 5-Mar-12 14-Jun-11 19-May-11 23-Nov-11 18-Sep-11 28-Feb-12 12-Sep-11 6-Mar-12 6-Mar-11 14-Feb-12 2-May-12 23-Jan-11 7-May-12 25-Apr-12 29-Dec-11 5-Mar-12 24-Jul-11 29-Dec-11 9-May-12 12-Jan-11 27-Jan-11 15-Feb-12 19-Jun-11 28-Jan-12 29-Feb-12 2-May-12 24-Mar-12 9-Apr-12 19-May-11 10-Aug-11 22-May-11 15-Feb-12 14-Mar-11 10-Mar-11 11-Jul-11 30-Nov-11 17-May-11 28-Apr-12 21-Feb-12 29-May-11 21-Apr-12 6-May-12 25-Mar-12 13-Nov-11 9-Apr-12 6-May-12 2-Apr-12 28-Mar-12 19-May-11 10-Mar-12 29-Jun-11 14-Dec-11 8-Apr-12 31-May-11 15-Nov-11 24-Apr-11 25-Apr-11 7-Apr-11 24-Apr-11 3-Jan-11 4-May-11 13-Oct-11 13-Oct-11 25-Aug-11 21-Apr-11 15-Jun-11 5-May-12 7-Mar-12 NA 27-Mar-12 17-May-11 10-May-11

0.000 0.045 0.114 0.420 0.630 0.091 0.102 0.160 0.116 0.255 0.136 0.198 0.320 0.046 0.164 0.134 0.130 0.325 0.114 0.037 0.062 0.023 0.112 0.090 1.500 0.581 0.039 0.062 0.079 0.130 0.380 0.242 0.136 0.078 0.300 0.470 0.049 0.110 0.077 0.069 0.162 0.069 0.026 0.441 0.114 0.310 0.285 0.102 0.610 0.158 0.073 0.536 0.325 0.310 0.395 0.260 0.236 0.039 0.204 0.110 0.033 0.168 0.290 0.124 1.520 0.385 0.200 0.039 0.063 0.000 0.062 0.046 0.300

NA 29-Aug-11 11-Feb-12 5-Feb-12 29-Feb-12 29-Aug-11 20-Nov-11 14-Feb-12 21-Aug-11 21-Jul-11 8-Jan-12 13-Nov-11 14-Jan-12 22-Aug-11 14-Aug-11 18-Jul-11 3-Jan-12 6-May-12 11-Mar-12 4-Dec-11 14-Aug-11 31-Mar-11 15-Jan-12 11-Aug-11 10-May-11 29-Dec-11 10-Jan-12 20-Feb-12 18-Jul-11 13-Feb-12 14-May-12 13-Oct-11 23-Aug-11 14-Sep-11 11-Feb-12 24-Nov-11 6-Feb-12 17-Jan-12 18-Feb-12 11-Aug-11 8-Aug-11 21-Aug-11 24-Aug-11 22-May-11 18-Oct-11 11-Feb-12 3-Nov-11 20-Apr-11 23-Aug-11 17-Jan-12 16-Aug-11 7-Apr-12 4-Sep-11 14-May-12 29-Aug-11 15-Sep-11 8-Feb-12 31-Mar-12 4-Apr-12 21-Jan-12 20-Feb-11 12-Jul-11 7-Jun-11 9-Aug-11 8-Apr-12 3-Mar-12 9-Apr-12 29-Sep-11 21-Aug-11 NA 11-Aug-11 19-Feb-12 27-Mar-12

0.000 0.026 0.069 0.190 0.530 0.048 0.083 0.120 0.061 0.095 0.038 0.048 0.260 0.020 0.092 0.065 0.046 0.255 0.098 0.015 0.018 0.013 0.053 0.030 0.680 0.476 0.020 0.047 0.027 0.069 0.255 0.202 0.041 0.028 0.270 0.285 0.021 0.060 0.036 0.028 0.088 0.025 0.011 0.162 0.072 0.218 0.019 0.049 0.345 0.095 0.048 0.315 0.265 0.246 0.250 0.250 0.226 0.018 0.058 0.040 0.024 0.128 0.246 0.096 0.910 0.275 0.114 0.028 0.044 0.000 0.034 0.026 0.172

0.00 1.61 0.00 0.58 -0.21 2.07 1.09 0.00 1.81 0.96 1.78 2.02 0.00 2.11 0.66 1.02 0.62 -0.20 0.00 1.07 2.62 2.04 0.80 1.90 0.57 0.22 0.52 1.70 1.43 0.83 0.59 0.29 1.36 0.52 0.26 0.23 0.92 0.83 1.17 2.24 0.30 2.03 2.06 0.92 1.30 2.46 0.32 0.29 0.72 1.62 1.69 0.49 0.20 0.60 0.97 0.00 1.42 -0.00 0.97 1.15 0.69 0.00 0.57 1.23 -0.13 0.00 1.96 1.17 1.54 0.00 0.86 1.02 0.64


Kuwait Stock Statistics

Name Small Caps MANAFAE INVEST MANAZEL HOLDING MARINE SRVC IND MARKAZ MASHAER HOLDING Mena Hold MENA REAL ESTATE METAL &RECYCLING MUBARRAD TRANS MUNSHAAT REAL ES MUSHRIF TRD&CONT NAFAIS HLDING CO NAT CLEANING NAT INTL HOLDING NAT SLAUGHTER HS NATIONAL INV CO NATL IND CO NATL PETRO SVC NATL RANGES CO NATL REAL EST NOOR FIN INV OSOUL INVST CO OULA FUEL PALMS AGRO PROD PEARL REAL EST PORTLAND CEMENT PRIVATIZATION RAS AL KH CEMENT REAL EST ASSET REAL EST TRADE REFRIG IND CO REMAL REAL EST SAFWAN TRD &CONT SALBOOKH TRADING SALHIAH REAL EST SANAM REAL EST SECURITIES GROUP SECURITIES HOUSE SHARJAH CEMENT SHUAIBA IND CO SOKOUK HLDING SOOR FUEL MKT STRATEGIA SULTAN CNTR FOOD TAIBA KWTI HLD TAMDEEN REAL EST TAMEER R.E. INV THE INT INVESTOR THEMAR TIJARA& REAL EST UMM ALQAIWAIN UNION REAL EST UNITED INDUST. UNITED POULTRY UNITED PROJ CO UNITED REAL EST UTD FOODSTUFF WARBA INS CO WETHAQ TAKAFUL YIACO MEDICAL CO ZIMA HOLDING CO

Market Cap Last Value % Price % Price ( Mn Closing % Traded Volume Change Change Dollars) Price Change (Kd Mn) (Mn) MTD YTD 46 86 115 222 174 77 29 42 51 42 75 170 116 47 16 460 386 71 72 387 78 47 306 20 13 288 207 184 50 24 56 277 108 25 454 26 202 324 108 48 81 251 40 221 74 319 53 44 313 59 86 80 157 56 104 479 41 85 17 231 35

0.059 0.031 0.144 0.116 0.270 0.033 0.039 0.140 0.067 0.035 0.102 0.102 0.158 0.064 0.184 0.146 0.315 0.360 0.023 0.128 0.029 0.071 0.255 0.110 0.036 0.860 0.078 0.118 0.120 0.054 0.170 0.350 0.550 0.037 0.244 0.060 0.210 0.130 0.088 0.206 0.023 0.214 0.070 0.106 0.114 0.234 0.062 0.025 0.086 0.041 0.067 0.100 0.087 0.136 0.375 0.110 0.315 0.136 0.048 0.390 0.093

-7.81 -7.46 0.00 0.00 0.00 0.00 -6.02 0.00 1.52 -4.11 -1.92 0.00 1.28 4.92 0.00 0.00 5.00 4.35 12.50 -3.03 0.00 2.90 3.66 3.77 0.00 -2.27 0.00 0.00 0.00 0.00 -2.30 0.00 0.00 7.25 0.00 1.69 -4.55 0.00 0.00 -4.63 0.00 0.94 -6.67 0.00 0.00 -1.68 1.64 0.00 0.00 0.00 0.00 0.00 -1.14 0.00 7.14 -1.79 0.00 0.00 0.00 0.00 0.00

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 27 0 0 0 0 0 0 0 9 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0

-3.3 -1.6 0.0 -1.7 -5.3 0.0 5.4 6.1 -1.5 2.9 0.0 14.6 0.0 20.8 0.0 0.0 0.0 12.5 -4.3 -3.0 0.0 7.6 5.4 1.9 16.1 0.0 4.0 -1.7 -7.7 -5.3 26.9 -4.1 1.9 -14.9 -1.6 1.7 -8.7 0.0 10.0 -4.6 0.0 -6.1 4.5 -1.9 0.0 0.0 14.8 0.0 -1.1 -4.7 4.7 -16.7 -1.1 7.9 8.7 0.0 -8.7 15.3 18.5 2.6 -12.3

-1.7 93.8 -35.1 0.0 48.4 0.0 23.8 20.7 15.5 42.9 0.0 2.0 43.6 25.5 19.5 -15.1 12.5 11.2 60.7 0.0 0.0 4.4 -10.7 27.9 -4.0 21.1 18.2 -4.8 -10.4 -10.0 7.6 29.6 0.0 -22.1 17.3 -18.9 -8.7 0.0 100.0 14.4 32.4 -17.7 2.9 -11.7 0.0 1.7 5.1 0.0 -5.5 32.3 55.8 -7.4 -14.7 7.9 25.0 10.0 -7.4 15.3 18.5 1.3 -15.5

PE (x) 0.00 0.00 19.23 0.00 9.29 0.00 0.00 0.00 0.00 0.00 23.27 7.11 11.20 0.00 9.95 0.00 25.22 8.13 0.00 0.00 0.00 73.40 20.64 8.23 0.00 31.52 19.21 11.39 26.75 0.00 0.00 11.16 14.28 0.00 15.63 0.00 0.00 0.00 0.00 12.93 0.00 15.57 0.00 0.00 16.17 23.11 0.00 0.00 0.00 0.00 13.77 14.01 108.64 5.84 12.14 12.84 20.54 22.11 0.00 12.78 0.00

Dividend 52 Week 52 Week 52 Week 52 Week PB (x) yield (%) High Date High Price Low Date Low Price Beta 0.6 0.5 0.7 0.7 1.1 0.1 0.4 0.6 0.6 0.3 0.8 1.0 1.0 0.3 1.3 0.7 1.4 1.5 0.5 0.5 0.4 0.7 2.0 0.7 0.6 1.3 0.6 0.9 0.9 0.3 1.0 2.0 2.9 0.5 1.0 0.6 1.1 7.1 0.3 0.9 0.4 1.6 0.8 1.6 1.1 0.9 0.6 1.1 1.0 0.4 0.6 0.7 0.4 1.1 0.9 0.7 2.2 0.5 0.4 2.2 0.0

0.0 0.0 0.0 0.0 4.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.2 7.2 0.0 0.0 0.0 0.0 0.0 9.4 0.0 7.4 6.4 8.0 3.7 0.0 0.0 0.0 4.5 0.0 6.1 0.0 4.5 0.0 3.9 4.4 0.0 0.0 0.0 0.0 0.0 3.4 0.0 0.0 4.7 0.0 7.9 6.4 0.0 3.7 8.6 4.5 1.5 3.7 0.0 3.8 0.0

1-Dec-11 8-May-12 2-Jun-11 16-Oct-11 18-Apr-12 13-Jan-11 14-May-12 14-May-12 24-May-11 5-Jul-11 7-Sep-11 2-Oct-11 21-Apr-12 18-Apr-12 17-Mar-12 18-May-11 15-May-11 20-Feb-12 8-May-12 13-Nov-11 5-Jan-11 17-May-11 15-Jun-11 24-Apr-12 27-Jun-11 14-Jun-11 18-Mar-12 29-Apr-12 13-Apr-11 20-Jul-11 30-Oct-11 22-Jan-12 11-Sep-11 8-Jun-11 29-Apr-12 27-Dec-11 31-May-11 NA 21-Feb-12 23-Apr-12 22-Feb-12 31-May-11 19-Mar-12 3-Nov-11 9-Oct-11 9-Jun-11 18-Apr-12 NA 25-May-11 13-Mar-12 11-Mar-12 13-Feb-12 6-Jul-11 10-Apr-12 12-Jul-11 18-Mar-12 13-Mar-12 1-Jun-11 13-May-12 1-Jun-11 4-May-11

0.073 0.044 0.265 0.138 0.305 0.150 0.042 0.140 0.089 0.045 0.136 0.220 0.172 0.069 0.154 0.265 0.340 0.376 0.026 0.172 0.048 0.083 0.343 0.128 0.069 1.240 0.085 0.128 0.136 0.140 0.224 0.485 0.900 0.074 0.255 0.078 0.255 0.000 0.097 0.216 0.036 0.295 0.089 0.140 0.116 0.280 0.070 0.000 0.104 0.047 0.074 0.122 0.138 0.136 0.360 0.120 0.415 0.156 0.043 0.560 0.138

9-Apr-12 14-Jan-12 21-Apr-12 15-Aug-11 30-May-11 31-Mar-11 20-Nov-11 19-Feb-12 9-Jan-12 24-Jan-12 13-Feb-12 9-Apr-12 22-Aug-11 17-Aug-11 19-Apr-11 12-May-12 14-Feb-12 2-Jun-11 15-Aug-11 22-Aug-11 7-Mar-11 16-Aug-11 13-May-12 28-Dec-11 7-May-12 22-Jan-12 17-May-11 15-May-11 7-Apr-11 5-Feb-12 14-Apr-12 14-Dec-11 7-Jan-12 14-May-12 8-Jan-12 1-Nov-11 14-May-12 NA 17-Nov-11 26-Oct-11 4-Jan-12 14-May-12 29-Feb-12 23-Aug-11 20-Feb-12 5-Oct-11 7-May-12 NA 14-Nov-11 2-Oct-11 21-Aug-11 27-Jul-11 15-Apr-12 8-Aug-11 28-Jan-12 9-Aug-11 13-Jun-11 8-Jan-12 8-Dec-11 7-Jan-12 2-Apr-12

0.049 0.015 0.134 0.091 0.144 0.033 0.029 0.102 0.050 0.022 0.079 0.084 0.101 0.028 0.144 0.144 0.250 0.276 0.011 0.056 0.026 0.050 0.242 0.081 0.028 0.640 0.046 0.106 0.126 0.048 0.122 0.230 0.510 0.035 0.200 0.049 0.220 0.000 0.043 0.162 0.015 0.210 0.058 0.093 0.114 0.212 0.051 0.000 0.079 0.030 0.040 0.100 0.079 0.116 0.265 0.074 0.255 0.100 0.041 0.345 0.094

1.14 2.66 0.50 1.73 1.77 2.36 1.63 1.75 1.69 2.13 0.54 0.34 1.43 0.30 0.00 1.25 0.89 0.25 1.58 1.54 1.99 1.15 0.26 1.38 0.91 1.43 1.64 0.93 0.00 0.00 0.89 0.00 0.49 0.98 1.07 1.01 0.72 1.07 1.17 0.56 1.67 0.49 2.02 1.19 1.39 0.62 0.81 1.58 0.46 0.58 1.50 -0.07 1.49 0.09 0.42 1.11 0.20 0.54 1.26 0.65 0.00

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KD15052012