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Kuwait Financial Centre “Markaz” Kuwait Watch 25 Sep, 2012 Market Commentary

Market Breadth

The Kuwait Market Price Index closed on a negative note at 5,927 points, a loss of 0.01%. The Weighted Index closed at 415.88, a gain of 0.39%. The KSE 15 Index closed at 998.1, a gain of 0.67%. 48 stocks advanced while 47 declined. The Financial Services Index witnessed highest volume traded at 193.8 Mn and Banking Index witnessed the highest value traded at KD 18.3 Mn. Indices were mixed. Basic Materials Index was the top gainer, up 1.06%. Oil & Gas Index was the top loser, down 2.88%. Blue Chips were positive. CBK was the top gainer, up 4.48%, closing at KD 0.7. Zain was the top loser, down 1.33%, closing at KD 0.74. Kuwait Indices Index M. Cap Last % WTD MTD YTD 11 PE PB Kd Bn Close Change (%) (%) (%) (%) KSE Index 28.89 5,927 -0.01 0.80 1.10 1.94 -16 26 2 Oil & Gas 0.35 422 -2.88 -0.32 -0.18 -15.57 15 1 Basic Materials 0.57 474 1.06 2.28 1.44 -5.28 11 1 Industrials 2.49 514 0.93 3.92 9.62 2.71 14 1 Consumer Goods 0.74 569 0.97 1.11 13.28 13.85 13 2 Healthcare 0.19 465 0.00 -0.47 2.09 -6.95 22 3 Consumer Servic’s 0.77 459 -0.73 -0.96 0.51 -8.30 11 2 Telecom 4.57 511 -0.67 3.07 4.96 2.28 11 2 Banking 13.64 492 0.94 3.02 3.10 -1.65 29 2 Insurance 0.33 466 0.23 0.18 -1.37 -6.82 11 1 Real Estate 2.21 529 -0.43 1.82 2.74 5.83 36 2 Financial Services 2.95 472 0.08 1.73 3.30 -5.57 53 1 Technology 0.06 410 -1.80 -3.68 -10.83 -17.95 5 1 Volume & Value Index Volume (Mn) % Change Value (Mn) 411.3 4.7 1.8 46.6 0.8 0.4 1.9 16.6 0.0 34.7 0.0 109.7 193.8 0.0 0.2

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)

ABYAAR REAL EST 54.6 GULF FIN HOUSE 44.8 GULF INV HOUSE 30.2 MANAZEL HOLDING 24.7 ALDAR NAT R.E. 18.5 NATL RANGES CO 17.9 AL SALAM GRP HLD 16.3 ALMADINA FIN&INV 13.7 COMMERCIAL BANK 13.3 HITS TELECOM HLD 12.5 Corporate Earnings Watch

0.0 -2.8 0.0 8.1 8.3 0.0 4.4 3.3 4.5 0.0

-0.01 -2.88 1.06 0.93 0.97 0.00 -0.73 -0.67 0.00 0.94 0.23 -0.43 0.08 0.00 -1.80

49.1 0.3 0.6 5.0 0.4 0.2 0.3 3.9 0.0 18.3 0.0 6.3 13.8 0.0 0.0 Value Traded % Chg in (Kd Price Mn) 9.2 4.5 4.1 1.0 3.8 4.4 3.1 -1.3 2.5 0.0 2.1 1.3 1.6 -2.8 1.4 0.0 1.2 0.0 1.2 2.0

Most Active Value COMMERCIAL BANK NATIONAL BANK KT AL SALAM GRP HLD ZAIN ABYAAR REAL EST KWT FIN HOUSE GULF FIN HOUSE MABANEE CO NAT IND GROUP P WARE H-AGILITY

Total number Number of Number of of companies Un-changed Advances Declines Indicators listed Kuwait Stock Exchange 205 48 47 110 Oil & Gas Index 7 0 3 4 Basic Materials Index 5 2 1 2 Industrials Index 39 15 9 15 Consumer Goods Index 7 1 1 5 Health Care Index 3 0 0 3 Consumer Services Index 17 4 3 10 Telecom Index 3 1 1 1 Banking Index 12 5 2 5 Insurance Index 9 1 1 7 Real Estate Index 39 8 12 19 Financial Services Index 59 11 11 37 Technology Index 4 0 3 1 Top Gainers Last % Gain Companies MTD (%) YTD (%) Close 1 Day EQUIPMENT HLDING ALDAR NAT R.E. MANAZEL HOLDING KW CO PROC PLANT KME FINANC. INV. KWT CABLE VISION NAT INTL HOLDING SHARJAH CEMENT KUWAIT FOUNDRY MENA REAL ESTATE Top Losers Companies

0.122 0.033 0.034 0.275 0.037 0.044 0.056 0.075 0.295 0.035

8.93 8.33 8.06 7.84 7.35 6.02 5.66 5.63 5.36 4.55

Last Close 0.102 0.130 0.054 0.138 0.138 0.148 0.160 0.048 0.350 0.270

% Loss 1 Day -7.27 -7.14 -6.90 -6.76 -6.76 -6.33 -5.88 -5.88 -5.41 -5.26

Type

The Securities House Co

6M

Country

Kuwait

130.2 124.1 109.4 -5.3 -27.0 -35.3 9.8 70.5 -29.5 9.5

MTD (%)

YTD (%)

AL NAWADI HOLD -12.1 16.4 SECURITIES GROUP 8.3 -43.5 SANAM REAL EST -1.8 -27.0 KWT GYPSUM -21.6 7.8 KWT HOTELS CO -20.7 -50.7 FUTURE COMMS -8.6 -50.7 IKARUS PETRO IND -3.6 -5.9 TAIBA KWTI HLD -20.0 -57.9 SALHIAH REAL EST 25.0 68.3 IFA HTLS&RESORTS -6.9 -43.2 Derivatives Top Five Strike Premium Avg Traded Volume Expiry Options Traded Price(KD) Bid(KD) Ask(KD) Price (KD) (000’s) NINV(Sett) 27-Sep 0.112 0.005 0.007 0.116 115 NINV(Sett) 27-Sep 0.108 0.009 0.011 0.116 60 KFIN(Purch) 27-Dec 0.78 0.052 0.058 0.76 50 OULAFUEL(Purch) 27-Dec 0.285 0.026 0.029 0.27 50 NINV(Sett) 27-Dec 0.108 0.018 0.02 0.116 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 0.35 0.20 -0.15 -0.08 2M 0.50 0.21 -0.29 -0.06 3M 0.60 0.45 -0.15 -0.04 6M 0.70 0.65 -0.05 0.02 Last FOMC Meeting Date: Sep 12-13 Next FOMC Meet Date: Oct 23-24 Blue Chips (Top 10)

Earnings Company Name

3.4 8.3 13.6 1.9 -8.8 -24.1 69.7 5.6 1.7 -4.2

Currency

LFY

KWD(Mn)

-1.17

PFY

NA

% Chg

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 %

3.23 4.27 2.18 1.12 0.27 0.85 0.53 1.29 0.81 0.95

0.740 1.000 0.760 0.430 0.208 0.700 0.520 2.580 0.154 0.610

-1.33 1.01 1.33 1.18 0.00 4.48 1.96 0.78 -1.28 0.00

% M T D 7.25 1.01 10.14 7.50 6.12 -1.41 23.81 0.78 -1.28 1.67

% Y T D -17.78 -10.71 -15.56 -15.69 -20.00 -11.39 38.67 32.99 -18.09 -7.58

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) 10.18 15.48 27.86 43.72 0.00 0.00 19.31 12.70 9.23 21.90

2.01 1.86 1.69 2.54 0.71 1.58 0.61 1.66 1.11 1.94


Kuwait Stock Statistics

Name Large Caps AHLI UNITED BANK AUBK BAHRAIN AL AHLI BANK BOUBYAN BANK BURGAN BANK COMMERCIAL BANK E K HOLDING GULF BANK KWT FIN HOUSE KWT FOOD CO KWT PROJECTS CO MABANEE CO NAT MOBILE TELE NATIONAL BANK KT P WARE H-AGILITY ZAIN Mid Caps AVIATION LS &FIN BOUBYAN PETROCH. COM. FACILITIES COMBINED GROUP GULF CABLE IND KUWAIT INT BANK KWT CEMENT CO NAT IND GROUP QURAIN PETRO IND SALHIAH REAL EST 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 BAH KW INSURANCE BAYAN INVEST CO BOUBYAN INTER

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

PE (x)

3,758 2,878 3,402 3,806 2,867 3,041 1,125 3,993 7,773 2,295 1,836 2,602 4,605 15,271 1,905 11,545

0.890 0.154 0.610 0.620 0.520 0.700 0.385 0.430 0.760 1.620 0.385 1.140 2.580 1.000 0.520 0.740

0.00 -1.28 0.00 1.64 0.00 4.48 0.00 1.18 1.33 1.25 0.00 0.00 0.78 1.01 1.96 -1.33

0 0 0 1 1 9 0 0 2 0 1 1 0 4 1 3

0 0 0 1 1 13 0 1 3 0 2 1 0 4 2 4

-1.1 -1.3 1.7 3.3 9.5 -1.4 11.6 7.5 10.1 15.7 5.5 -1.7 0.8 1.0 23.8 7.2

18.3 -14.0 -3.0 5.1 14.9 -11.4 54.0 -11.5 -8.8 9.5 32.5 45.8 33.0 -1.8 38.7 -17.8

28.78 9.23 21.90 NM 13.68 0.00 9.57 43.72 27.86 14.32 16.09 29.86 12.70 15.48 19.31 10.18

4.0 1.1 1.9 4.3 1.7 1.6 1.6 2.5 1.7 2.3 0.9 4.2 1.7 1.9 0.6 2.0

1.7 5.3 2.4 0.0 1.9 0.0 3.6 0.0 2.0 4.1 5.2 0.9 2.0 4.0 5.9 8.7

22-Apr-12 26-Oct-11 10-Jul-12 16-Jul-12 24-Sep-12 17-Oct-11 23-Sep-12 20-Oct-11 15-Nov-11 23-Sep-12 24-Sep-12 17-Jul-12 23-Sep-12 7-Mar-12 24-Sep-12 27-Sep-11

0.930 0.196 0.680 0.630 0.520 0.860 0.390 0.524 0.861 1.640 0.385 1.280 2.580 1.109 0.520 0.980

29-Dec-11 18-Sep-12 7-Jun-12 4-Apr-12 21-May-12 18-Sep-12 12-Jan-12 17-Sep-12 16-Sep-12 31-Jul-12 11-Jan-12 4-Oct-11 28-Nov-11 17-Sep-12 29-Sep-11 8-Aug-12

0.752 0.150 0.540 0.530 0.405 0.630 0.248 0.385 0.670 1.220 0.271 0.736 1.880 0.930 0.300 0.650

0.57 1.03 0.40 0.67 1.31 0.25 1.39 0.73 0.94 1.04 1.43 1.46 0.44 0.84 1.15 1.00

960 952 632 523 839 962 922 961 730 677 518

0.350 0.550 0.335 1.380 1.100 0.255 0.405 0.208 0.190 0.350 0.162

1.45 0.00 1.52 0.00 -1.79 -1.92 0.00 0.00 2.15 -5.41 0.00

1 0 0 0 0 1 0 1 0 0 0

2 1 1 0 0 3 0 6 1 0 0

12.9 1.9 9.8 7.8 1.9 3.7 9.5 6.1 1.1 25.0 12.5

11.1 -1.8 28.8 -3.9 -22.5 0.0 -12.0 -20.0 -11.2 68.3 -17.3

6.70 11.09 11.03 14.36 17.14 21.38 17.36 0.00 14.11 22.45 NM

1.7 1.0 1.1 3.9 1.6 1.3 1.8 0.7 0.9 1.5 0.9

2.9 7.3 6.7 5.1 6.5 1.9 3.7 0.0 6.5 4.1 0.0

27-Oct-11 31-May-12 24-Sep-12 7-May-12 2-Nov-11 22-Apr-12 28-Sep-11 14-Nov-11 10-Oct-11 24-Sep-12 27-Sep-11

0.355 0.630 0.330 1.600 1.540 0.285 0.550 0.280 0.228 0.370 0.244

8-Aug-12 20-Sep-12 31-Jan-12 25-Jun-12 17-Sep-12 17-Jan-12 6-Sep-12 6-Aug-12 13-Aug-12 8-Jan-12 20-Sep-12

0.265 0.530 0.250 1.060 1.000 0.234 0.360 0.180 0.170 0.200 0.144

1.09 1.30 0.48 1.20 1.19 1.21 1.13 1.93 1.09 1.04 0.39

89 119 182 210 375 291 101 166 85 137 34 25 160 62 79 50 23 125 276 84 60 197 185 38 36 45 295 131 89 70 66 96 64 50 84 64 57 227 196 68 59 104 53 57

0.071 0.083 0.046 0.240 0.700 0.430 0.156 0.166 0.032 0.085 0.047 0.043 0.069 0.170 0.210 0.102 0.022 0.058 0.100 0.058 0.013 0.240 0.166 0.013 0.052 0.033 0.073 0.400 0.063 0.037 0.081 0.116 0.095 0.058 0.093 0.035 0.118 0.083 0.052 0.086 0.405 0.325 0.038 0.052

0.00 -1.19 0.00 1.69 0.00 0.00 -2.50 0.00 -1.56 0.00 4.44 0.00 0.00 0.00 0.00 -7.27 0.00 0.00 0.00 0.00 0.00 4.35 0.00 0.00 0.00 8.33 0.00 0.00 3.28 0.00 3.85 0.00 0.00 -3.33 0.00 0.00 0.00 0.00 0.00 0.00 -1.22 0.00 1.33 -1.89

0 0 3 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 1 55 0 0 0 0 0 2 0 0 0 0 0 0 0 0 2 0 0 0 16 0 0 0 18 0 0 14 8 0 0 0 0 0 1 1 0 0 0 0 0 1 0

0.0 -5.7 4.5 10.1 7.7 11.7 4.0 7.8 -4.5 3.7 -7.8 0.0 0.0 -6.6 -4.5 -12.1 0.0 0.0 0.0 -7.9 0.0 -5.9 1.2 0.0 0.0 8.3 0.0 -3.6 21.2 -5.1 6.6 9.4 5.6 -23.7 -4.1 -4.1 0.0 -2.4 0.0 4.9 -2.4 0.0 11.8 -1.9

0.0 50.9 74.2 12.5 9.4 -13.2 20.0 15.3 14.5 -11.5 -46.3 0.0 11.3 30.8 -4.5 16.4 15.8 28.9 33.3 0.0 -10.3 130.8 6.4 4.0 -26.2 124.1 -44.7 21.2 65.8 -27.5 -1.2 -6.5 48.4 -35.6 -29.5 14.8 28.3 -21.7 0.0 17.8 76.1 10.0 20.6 -40.9

0.00 10.07 0.00 21.36 30.47 10.74 0.00 16.59 0.00 48.57 0.00 0.00 0.00 7.43 0.00 7.85 0.00 0.00 0.00 0.00 0.00 12.39 8.96 0.00 0.00 0.00 6.72 9.28 0.00 0.00 11.54 15.74 0.00 0.00 0.00 0.00 9.54 15.04 0.00 11.35 4.29 12.92 0.00 0.00

0.0 0.5 0.5 0.7 3.1 1.0 0.2 0.7 0.5 0.7 0.5 0.5 0.5 0.9 1.5 0.9 0.3 0.7 1.3 0.7 0.9 1.9 0.6 0.5 0.5 0.8 0.3 1.7 0.4 0.4 0.4 1.0 1.0 0.6 0.4 0.3 0.7 1.0 0.4 0.7 1.4 1.4 0.5 0.4

0.0 0.0 0.0 2.1 2.1 5.8 0.0 5.7 0.0 0.0 0.0 0.0 0.0 5.6 0.0 6.4 0.0 0.0 0.0 0.0 0.0 2.2 4.2 0.0 0.0 0.0 13.7 8.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 5.8 6.1 0.0 0.0 0.0

NA 21-May-12 5-Mar-12 20-Nov-11 28-May-12 22-Mar-12 23-Sep-12 31-May-12 22-Mar-12 1-Nov-11 20-Sep-12 NA 20-Mar-12 12-Jul-12 10-Jul-11 6-Sep-12 15-May-11 7-May-12 20-Mar-12 8-May-12 8-May-12 8-May-12 25-Apr-12 28-Feb-12 3-May-12 8-May-12 22-Sep-11 4-Apr-12 15-Feb-12 25-Oct-11 8-May-12 18-Jan-12 26-Jul-12 8-May-12 22-May-12 29-Feb-12 16-May-12 21-Jun-12 NA 14-Jun-12 5-Jun-12 NA 5-Mar-12 11-Oct-11

0.000 0.095 0.053 0.257 0.950 0.514 0.164 0.190 0.049 0.116 0.048 0.000 0.093 0.248 0.240 0.128 0.040 0.087 0.110 0.081 0.026 0.285 0.204 0.019 0.109 0.044 0.170 0.415 0.102 0.067 0.134 0.164 0.110 0.102 0.134 0.053 0.166 0.134 0.000 0.108 0.530 0.000 0.045 0.100

NA 26-Jan-12 5-Feb-12 18-Jan-12 26-Aug-12 14-Aug-12 7-Feb-12 18-Dec-11 17-Jan-12 15-Aug-12 6-Sep-12 NA 5-Oct-11 14-Nov-11 28-Dec-11 5-Dec-11 22-Nov-11 14-Nov-11 7-Feb-12 22-Nov-11 13-Aug-12 3-Oct-11 29-Sep-11 18-Jul-11 8-Aug-12 15-Jan-12 14-Aug-12 22-Mar-12 3-Oct-11 15-Aug-12 27-Aug-12 19-Oct-11 26-Jul-12 17-Sep-12 10-Jul-12 17-Jan-12 23-Feb-12 13-Aug-12 NA 23-Oct-11 31-Oct-11 NA 3-Oct-11 19-Sep-12

0.000 0.052 0.022 0.181 0.590 0.380 0.114 0.106 0.025 0.080 0.031 0.000 0.057 0.130 0.220 0.067 0.019 0.043 0.060 0.054 0.012 0.040 0.146 0.011 0.044 0.014 0.069 0.340 0.030 0.034 0.073 0.069 0.070 0.059 0.081 0.027 0.084 0.079 0.000 0.060 0.222 0.000 0.027 0.048

1.70 0.91 2.37 1.24 -0.93 0.33 0.69 1.37 0.39 0.69 1.37 0.00 1.52 0.27 0.00 0.00 1.88 1.78 2.66 2.21 2.29 2.20 1.37 1.23 1.20 1.96 0.00 0.00 2.01 2.38 1.25 1.80 0.00 0.20 0.31 2.13 1.42 1.91 1.49 0.58 1.83 0.00 1.61 0.90

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 BURGAN DRILLING CITY GROUP COAST INV & DEV COMMERCIAL R.E. 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 IFA HTLS&RESORTS IKARUS PETRO IND INDEPEN. PETROL INDUST INVEST CO INJAZZAT RE EST INOVEST BSC INT FIN ADVISORS INTL FINANCE CO INTL RESORTS INVESTORS HLDING ITHMAAR BANK 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

Market Cap (Mn Dollars) 133 234 90 485 33 21 71 98 71 55 94 139 293 22 87 46 45 3 91 23 215 327 96 340 53 23 45 30 100 52 170 41 110 462 455 185 36 64 64 99 195 20 69 463 380 36 293 160 32 162 98 160 146 208 26 60 27 25 81 4 49 84 16 30 197 317 38 87 23 162 58 30 33

Last Value % Price % Price Closing % Traded Volume Change Change Price Change (Kd Mn) (Mn) MTD YTD 0.176 0.560 0.039 0.075 0.102 0.034 0.069 0.114 0.090 0.122 0.240 0.037 0.126 0.060 0.098 0.148 0.102 0.084 0.049 0.018 0.079 0.035 0.660 0.520 0.034 0.043 0.055 0.091 0.174 0.188 0.066 0.039 0.270 0.270 0.160 0.325 0.025 0.053 0.043 0.039 0.068 0.037 0.018 0.048 0.445 0.070 0.270 0.162 0.037 0.630 0.100 0.054 0.295 0.305 0.160 0.275 0.246 0.236 0.030 0.044 0.052 0.074 0.138 0.138 0.102 0.880 0.255 0.106 0.047 0.050 0.132 0.045 0.031

-1.12 0.00 -3.70 1.35 0.00 0.00 0.00 1.79 3.45 8.93 0.00 0.00 0.00 0.00 4.26 -6.33 0.00 0.00 0.00 0.00 1.28 -2.78 -1.49 0.00 0.00 -1.15 0.00 -1.09 1.16 0.00 0.00 0.00 0.00 -5.26 -5.88 -4.41 0.00 1.92 -1.16 0.00 0.00 -1.35 0.00 0.00 1.14 0.00 0.00 0.00 7.35 0.00 -3.85 -3.57 5.36 1.67 0.00 7.84 0.00 -2.48 3.45 6.02 0.00 -3.90 -6.76 -6.76 2.00 0.00 0.00 -1.85 4.49 -1.00 0.00 0.00 0.00

0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 2 0 0 1 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 0 4 0 0 0 0 0 11 4 0 0 3 0 4 0 0 0 0 0 4 45 0 0 30 0 5 0 0 0 12 0 0 0 0 0 0 2 1 12 1 2 0 8 0 0 0 0 0 0 4 0 0 0 0 1 0 0 3 0 0 0 0 0 0 0 0 0 0 4 0 0 0

-7.4 9.8 -2.5 8.7 0.0 19.3 -6.8 9.6 12.5 3.4 0.0 -6.4 5.0 0.0 16.7 -8.6 2.0 0.0 0.0 0.0 -2.5 -13.6 -12.0 2.0 0.0 1.2 -12.7 -15.7 -3.3 -20.3 -9.6 0.0 -1.8 -6.9 -3.6 14.0 0.0 -3.6 -4.5 -6.1 -19.0 -5.2 0.0 1.1 9.9 0.0 9.8 -13.8 -8.8 1.6 12.4 -5.3 1.7 1.7 0.0 1.9 -1.6 12.4 71.4 -24.1 0.0 -47.1 -21.6 -20.7 2.0 0.0 -7.3 1.9 -23.8 2.1 -34.0 -1.1 10.7

-17.0 5.7 -27.8 -2.6 9.7 -75.7 -28.1 3.6 104.5 130.2 -7.7 43.1 12.5 -55.2 108.5 -50.7 -10.5 24.4 -60.1 0.0 27.4 -13.6 -45.9 -2.5 52.3 -7.5 77.4 12.3 -48.8 -13.0 22.2 6.9 -3.6 -43.2 -5.9 -5.8 -30.6 -30.3 7.6 -3.8 -33.3 -3.9 44.0 152.6 7.6 -17.6 23.7 -18.1 -27.0 21.2 -2.0 -1.8 -29.5 -6.2 -37.3 -5.3 -5.4 4.4 5.3 -35.3 0.0 77.0 7.8 -50.7 -3.8 -11.1 -15.0 -18.5 -44.8 3.1 -31.4 -3.2 12.7

PE (x) 28.12 0.00 3.21 91.36 0.00 0.00 0.00 60.87 19.04 0.00 9.05 0.00 10.45 0.00 0.00 17.12 13.72 0.00 0.00 0.00 0.00 48.18 9.81 12.56 0.00 0.00 17.41 0.00 18.09 20.59 0.00 0.00 9.37 0.00 16.22 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 9.48 8.22 8.10 0.00 0.00 11.30 0.00 0.00 0.00 11.97 10.45 8.98 12.27 22.47 0.00 0.00 0.00 2.48 16.43 0.00 20.53 16.78 4.88 0.00 0.00 12.89 5.18 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 0.7 2.9 0.5 0.6 1.3 0.3 0.5 0.9 0.9 1.0 1.2 0.8 0.9 0.6 0.0 0.9 0.6 0.2 12.0 0.0 0.6 1.0 1.9 1.4 0.8 0.4 0.5 0.9 0.9 0.9 0.5 0.9 1.4 2.8 0.9 0.7 0.4 0.4 0.0 0.3 0.5 0.5 0.6 0.8 3.6 0.4 1.6 1.1 0.4 1.6 0.5 0.5 0.9 1.2 1.3 1.0 2.1 1.5 0.4 0.9 0.3 0.7 1.0 1.5 0.5 2.0 0.9 1.3 0.5 0.4 0.4 0.5 0.4

0.0 0.0 0.0 6.8 0.0 0.0 0.0 0.0 0.0 0.0 8.3 0.0 0.0 0.0 0.0 7.9 4.6 0.0 0.0 0.0 0.0 0.0 6.0 3.9 0.0 0.0 0.0 0.0 5.8 7.2 0.0 0.0 0.0 0.0 4.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 7.4 17.6 0.0 4.8 0.0 0.0 0.0 6.7 6.9 3.9 7.3 2.1 0.0 0.0 0.0 0.0 4.7 0.0 0.0 4.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0

29-Sep-11 23-Nov-11 25-Oct-11 12-Apr-12 21-Jun-12 16-Nov-11 6-Mar-12 27-May-12 14-Feb-12 2-May-12 12-Jan-12 7-May-12 25-Apr-12 29-Dec-11 5-Mar-12 27-Sep-11 29-Dec-11 9-May-12 13-Nov-11 18-May-11 15-Feb-12 21-Feb-12 26-Jan-12 29-Feb-12 2-May-12 22-Mar-12 9-Apr-12 2-May-12 8-Dec-11 14-Jun-12 15-Feb-12 25-May-11 29-Dec-11 8-Dec-11 19-Mar-12 12-Oct-11 30-Nov-11 6-Dec-11 26-Apr-12 21-Feb-12 29-Jan-12 19-Apr-12 6-May-12 8-May-12 11-Sep-12 13-Nov-11 9-Apr-12 6-May-12 2-Apr-12 5-Sep-12 22-Apr-12 20-May-12 20-Oct-11 14-Aug-12 8-Apr-12 28-May-12 15-Nov-11 23-Sep-12 12-Sep-12 22-Jul-12 19-May-11 29-Aug-12 12-Jun-12 13-Oct-11 13-Oct-11 6-Mar-12 2-Oct-11 25-Oct-11 16-May-12 7-Mar-12 31-Jul-12 27-Mar-12 7-May-12

0.365 0.630 0.070 0.097 0.102 0.140 0.116 0.130 0.136 0.198 0.260 0.046 0.164 0.134 0.130 0.315 0.114 0.133 0.128 0.019 0.112 0.077 1.500 0.581 0.039 0.062 0.075 0.128 0.350 0.228 0.136 0.068 0.290 0.510 0.214 0.405 0.049 0.093 0.077 0.069 0.124 0.069 0.026 0.073 0.450 0.114 0.282 0.285 0.102 0.630 0.140 0.073 0.473 0.325 0.310 0.375 0.260 0.255 0.050 0.068 0.096 0.160 0.200 0.290 0.124 1.120 0.340 0.164 0.090 0.063 0.196 0.062 0.036

30-Jul-12 13-Jun-12 15-Aug-12 29-Aug-12 20-Nov-11 23-Aug-12 12-Aug-12 15-Jul-12 8-Jan-12 13-Nov-11 18-Jun-12 17-Nov-11 16-Oct-11 28-Aug-12 3-Jan-12 11-Sep-12 11-Mar-12 4-Dec-11 14-Aug-11 5-Jun-11 15-Jan-12 13-Jun-12 7-Jun-12 29-Dec-11 10-Jan-12 16-Jul-12 17-Jan-12 13-Feb-12 24-Sep-12 14-Jun-12 21-Nov-11 14-Sep-11 14-Jun-12 13-Jun-12 4-Dec-11 24-Nov-11 6-Feb-12 7-Aug-12 16-Feb-12 25-Jun-12 24-Sep-12 4-Oct-11 23-Jan-12 23-Jan-12 29-Sep-11 15-Jul-12 9-Feb-12 16-Sep-12 15-Aug-12 11-Oct-11 29-Jul-12 25-Jan-12 16-Aug-12 29-Jul-12 23-Sep-12 22-Feb-12 30-May-12 9-Sep-12 29-Mar-12 10-Jul-12 19-Jan-12 13-Sep-12 28-May-12 20-Sep-12 14-Aug-12 28-Aug-12 16-Sep-12 16-Aug-12 24-Sep-12 13-Aug-12 9-Sep-12 2-Sep-12 12-Jun-12

0.144 0.430 0.036 0.067 0.083 0.029 0.065 0.090 0.038 0.048 0.240 0.023 0.096 0.049 0.046 0.148 0.098 0.055 0.045 0.016 0.053 0.033 0.510 0.476 0.020 0.031 0.029 0.069 0.170 0.178 0.044 0.028 0.230 0.248 0.152 0.285 0.021 0.048 0.036 0.035 0.064 0.029 0.011 0.018 0.245 0.070 0.198 0.166 0.032 0.375 0.083 0.050 0.260 0.275 0.160 0.248 0.236 0.212 0.018 0.039 0.040 0.070 0.086 0.134 0.097 0.800 0.242 0.097 0.041 0.046 0.128 0.044 0.022

0.67 -0.21 2.10 0.79 1.11 0.00 1.84 0.99 1.85 1.99 0.00 2.11 0.65 1.35 0.64 -0.16 -0.03 1.09 2.63 2.04 0.77 1.93 0.72 0.22 0.62 1.85 1.50 0.86 0.50 0.27 1.31 0.49 0.21 0.70 1.21 0.24 0.91 0.81 1.21 2.22 0.28 2.13 2.02 1.78 0.96 1.34 2.50 0.31 0.34 0.71 1.76 1.56 0.54 0.20 0.60 0.92 0.00 1.37 -0.00 0.91 1.16 0.64 0.00 0.46 1.19 -0.15 0.00 1.91 1.16 1.53 0.00 0.86 1.00


Kuwait Stock Statistics

Name Small Caps LIVESTOCK T.T CO 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 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 (Mn Dollars) 144 40 79 129 224 163 76 23 37 43 43 61 134 106 40 18 369 435 67 73 407 90 44 334 18 10 295 182 178 37 20 66 393 105 25 25 128 324 107 43 84 277 48 227 33 298 33 44 304 58 79 72 161 66 150 475 31 70 18 233 33

Last Value % Price % Price Closing % Traded Volume Change Change Price Change (Kd Mn) (Mn) MTD YTD 0.182 0.056 0.034 0.174 0.118 0.260 0.033 0.035 0.124 0.054 0.036 0.086 0.089 0.140 0.056 0.162 0.116 0.360 0.325 0.021 0.138 0.067 0.066 0.270 0.098 0.029 0.900 0.069 0.110 0.100 0.047 0.204 0.435 0.540 0.066 0.054 0.130 0.130 0.075 0.194 0.043 0.226 0.089 0.110 0.048 0.222 0.039 0.025 0.084 0.044 0.061 0.100 0.092 0.150 0.510 0.112 0.260 0.114 0.044 0.395 0.095

-2.15 0.00 8.06 0.00 0.00 1.96 0.00 4.55 0.00 -1.82 -2.70 1.18 0.00 1.45 5.66 0.00 -1.69 4.35 0.00 0.00 -1.43 0.00 0.00 0.00 0.00 -1.72 -1.10 0.00 3.77 0.00 -5.05 -1.92 0.00 0.00 0.00 -6.90 -7.14 0.00 5.63 -1.02 -2.27 1.80 0.00 0.00 -5.88 0.00 0.00 0.00 0.00 2.35 1.67 0.00 1.10 0.00 0.00 0.00 0.00 0.00 -4.40 0.00 0.00

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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 25 0 0 0 0 0 0 2 4 2 0 0 0 0 3 0 0 18 1 0 0 0 0 1 0 5 0 0 0 0 0 0 0 0 0 0 1 0 10 0 0 1 0 0 0 0 0 6 1 0 0 0 0 0 0 0 0 0 0

-1.1 -11.1 13.6 20.8 1.7 9.2 0.0 -4.2 -1.6 9.1 16.1 0.0 17.1 14.8 69.7 14.1 7.4 14.3 0.0 0.0 13.1 131.0 6.5 0.0 0.0 -10.9 3.4 9.5 3.8 0.0 5.6 -1.9 0.0 0.0 1.5 -1.8 8.3 0.0 5.6 5.4 6.2 0.9 -2.2 7.8 -20.0 0.9 -2.5 0.0 2.4 8.7 1.7 5.3 3.4 7.1 4.1 0.0 28.7 1.8 -5.4 -3.7 2.2

-18.0 -6.7 109.4 -21.6 1.7 42.9 0.0 9.5 6.9 -6.9 46.9 -15.7 -11.0 33.6 9.8 5.2 -32.6 28.6 0.4 46.4 7.8 15.7 -2.9 -5.5 14.0 -24.0 26.8 4.5 -11.3 -25.4 -21.7 29.1 85.3 -1.8 -28.8 -27.0 -43.5 0.0 70.5 7.8 36.1 -2.3 30.9 -8.3 -57.9 -3.5 -33.9 0.0 -7.7 40.3 41.9 -7.4 -9.8 19.0 70.0 12.0 -23.5 -3.4 7.4 2.6 -13.6

PE (x) 0.00 0.00 0.00 22.66 NM 8.01 0.00 0.00 0.00 0.00 0.00 9.23 0.00 9.60 0.00 8.72 0.00 24.49 10.88 0.00 0.00 0.00 76.47 23.73 10.53 0.00 13.40 NM 14.69 27.86 97.06 0.00 15.68 13.20 0.00 0.00 0.00 0.00 0.00 10.02 0.00 16.89 0.00 0.00 45.13 19.38 0.00 0.00 NM 0.00 10.18 13.12 22.36 7.43 7.31 5.97 28.76 20.18 31.60 11.51 0.00

Dividend 52 Week 52 Week 52 Week 52 Week PB (x) yield (%) High Date High Price Low Date Low Price Beta 1.0 0.5 0.6 0.8 0.7 1.0 0.1 0.4 0.5 0.5 0.5 0.6 0.8 0.9 0.3 1.3 0.6 1.5 1.4 0.7 0.7 0.8 0.6 2.1 0.6 0.8 1.4 0.5 0.9 0.7 0.3 1.1 2.4 2.9 0.7 0.6 0.6 1.7 0.3 0.8 0.4 1.7 1.0 1.6 0.5 0.9 0.4 1.1 0.9 0.5 0.6 0.7 0.4 1.2 1.3 0.6 1.6 0.4 0.4 2.1 0.0

0.0 0.0 0.0 0.0 0.0 5.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.6 0.0 0.0 0.0 2.9 7.7 0.0 0.0 0.0 0.0 0.0 10.2 0.0 7.1 7.2 8.9 5.0 0.0 0.0 0.0 4.6 0.0 0.0 0.0 0.0 4.8 0.0 0.0 0.0 0.0 0.0 0.0 3.6 0.0 0.0 6.0 0.0 8.8 7.0 0.0 3.1 5.9 4.5 1.9 4.4 0.0 3.8 0.0

31-Oct-11 1-Dec-11 8-May-12 28-Dec-11 16-Oct-11 18-Apr-12 NA 29-May-12 16-May-12 2-May-12 28-Feb-12 16-Oct-11 2-Oct-11 19-Apr-12 17-May-12 31-May-12 1-Nov-11 24-Sep-12 16-May-12 8-May-12 13-Nov-11 24-Sep-12 27-May-12 21-Jun-12 27-May-12 27-Sep-11 12-Oct-11 18-Mar-12 29-Apr-12 23-Nov-11 29-Sep-11 30-Oct-11 14-Aug-12 7-Mar-12 16-Oct-11 27-Dec-11 27-Sep-11 NA 21-Feb-12 23-Apr-12 22-Feb-12 3-Nov-11 24-Jul-12 3-Nov-11 9-Oct-11 15-Mar-12 18-Apr-12 NA 27-Dec-11 13-Mar-12 11-Mar-12 13-Feb-12 17-Oct-11 23-Sep-12 24-Sep-12 18-Mar-12 13-Mar-12 26-Jan-12 29-May-12 31-May-12 18-Oct-11

0.285 0.073 0.044 0.228 0.138 0.305 0.000 0.043 0.144 0.072 0.042 0.132 0.220 0.164 0.072 0.285 0.210 0.345 0.385 0.026 0.172 0.067 0.077 0.370 0.140 0.054 1.140 0.085 0.128 0.134 0.080 0.224 0.435 0.710 0.117 0.078 0.230 0.000 0.097 0.216 0.067 0.259 0.095 0.140 0.116 0.250 0.070 0.000 0.095 0.047 0.074 0.122 0.110 0.160 0.510 0.120 0.415 0.148 0.095 0.460 0.120

27-Mar-12 9-Apr-12 12-Jan-12 16-Aug-12 13-Feb-12 5-Jan-12 NA 14-Aug-12 19-Feb-12 14-Aug-12 24-Jan-12 26-Jul-12 20-Sep-12 20-Dec-11 26-Aug-12 13-Jun-12 16-Sep-12 13-Jun-12 14-Nov-11 12-Feb-12 3-Oct-11 18-Sep-12 28-Sep-11 13-May-12 28-Dec-11 13-Jun-12 22-Jan-12 16-Sep-12 4-Jul-12 21-Jun-12 26-Jul-12 12-Apr-12 14-Dec-11 5-Jan-12 16-Aug-12 1-Nov-11 4-Jun-12 NA 17-Nov-11 9-Jul-12 4-Jan-12 14-May-12 25-Jun-12 3-Oct-11 28-Aug-12 5-Oct-11 12-Aug-12 NA 14-Nov-11 2-Oct-11 27-Oct-11 14-Jun-12 15-Apr-12 30-May-12 26-Jan-12 22-Nov-11 11-Sep-12 27-Jun-12 15-Aug-12 5-Jan-12 9-Sep-12

0.172 0.049 0.015 0.114 0.102 0.170 0.000 0.029 0.102 0.041 0.022 0.076 0.081 0.101 0.026 0.126 0.100 0.244 0.295 0.012 0.070 0.048 0.056 0.242 0.081 0.026 0.640 0.058 0.100 0.100 0.031 0.122 0.200 0.510 0.050 0.049 0.102 0.000 0.043 0.136 0.027 0.198 0.057 0.095 0.050 0.212 0.035 0.000 0.079 0.030 0.041 0.089 0.079 0.116 0.265 0.095 0.192 0.099 0.038 0.345 0.093

0.69 0.97 2.75 0.47 1.69 1.80 2.43 1.52 1.72 1.77 2.17 0.47 0.32 1.46 0.31 0.00 1.33 0.90 0.25 1.59 1.55 1.90 1.10 0.22 1.54 0.74 1.40 1.62 0.93 0.00 4.13 0.91 0.00 0.53 0.97 0.94 0.60 1.03 1.15 0.56 1.73 0.43 2.05 1.14 1.22 0.58 0.94 1.61 0.46 0.62 1.50 -0.00 1.47 0.08 0.40 1.13 0.03 0.56 1.28 0.66 0.00

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KD25092012