Kuwait Financial Centre “Markaz” Kuwait Watch Market Commentary The Kuwait Market Price Index closed on a positive note at 5,858 points, a gain of 0.03%. The Weighted Index closed at 405.96, a gain of 0.36%. 41 stocks advanced while 33 declined.The Investment Index witnessed highest volume traded at 109.7 Mn and the highest value traded at KD 8.9 Mn. Most indices were positive. Food Index was the top gainer, up 0.86%. Investment Index was the top loser, down 0.78%. Most blue chips were flat. ZAIN was the top gainer, up 3.53%, closing at KD 0.88. AGILITY was the top loser, down 2.74%, closing at KD 0.355. Kuwait Indices Index KSE Index Banking Investment Insurance Real Estate Industrial Services Food Foreign Volume & Value Index
M. Cap Last % Kd Bn Close Change 29.32 5,858 0.03 13.08 11,417 -0.41 2.25 3,660 -0.78 0.31 2,607 0.00 1.75 2,038 0.02 2.18 4,176 0.24 7.31 13,226 0.32 0.72 4,254 0.86 1.73 5,644 0.42
MTD (%) -0.19 -0.76 -0.71 -0.21 -0.65 0.02 0.19 -0.06 0.67
YTD 2011 (%) (%) 0.75 -16 1.01 -5 2.68 -27 -3.64 0 0.09 -14 -1.15 -21 -0.20 -13 -1.73 -7 10.36 -30
PE
PB
20 30 8 13 16 20 10 14 14
2 2 1 1 1 1 2 2 1
% Change
Value (Mn)
256.4 3.8 109.7 0.0 44.5 2.2 61.8 1.6 32.9 0.0
0.03 -0.41 -0.78 0.00 0.02 0.24 0.32 0.86 0.42 0.00
27.2 2.6 8.9 0.0 4.8 0.5 8.5 0.2 1.8 0.0
Volume % Chg Traded in Price (Mn)
HITS TELECOM HLD 31.6 ALMADINA FIN&INV 30.7 GULF FIN HOUSE 25.5 AL SAFAT INV 19.1 INT FIN ADVISORS 17.9 REMAL REAL EST 10.8 ABYAAR REAL EST 9.7 AL SAFAT ENERGY 8.8 KWT REAL EST 8.5 AL SALAM GRP HLD 8.1 Corporate Earnings Watch
WTD (%) -0.19 -0.76 -0.71 -0.21 -0.65 0.02 0.19 -0.06 0.67
Volume (Mn)
KSE Index Banking Index Investment Index Insurance Index Real Estate Index Industrial Index Services Index Food Index Foreign Index Fund Index Most Active Most Active Volume
5 February, 2012
Market Breadth
5.1 2.9 5.5 -12.0 4.0 5.2 -7.6 0.0 4.1 1.0
Most Active Value ZAIN HITS TELECOM HLD REMAL REAL EST ALMADINA FIN&INV AL SALAM GRP HLD AL SAFAT INV GULF FIN HOUSE NATIONAL BANK KT INT FIN ADVISORS INTL FINANCE CO
Indicators Kuwait Stock Exchange Banking Index Services Index Investment Index Real Estate Index Industrial Index Foreign Index Insurance Index Food Index Top Gainers
Total number Number of of companies Advances listed 214 41 9 1 60 10 51 11 40 9 28 4 13 4 7 0 6 2
Companies ARKAN ALKWT R.E. IKARUS PETRO IND EKTTITAB HLDG CO GULF FIN HOUSE REMAL REAL EST HITS TELECOM HLD KWT REAL EST INT FIN ADVISORS INTL RESORTS UNITED REAL EST Top Losers Companies
Value Traded % Chg in (Kd Price Mn) 3.5 3.5 3.2 5.1 3.2 5.2 2.2 2.9 1.6 1.0 1.3 -12.0 1.2 5.5 1.2 0.0 0.9 4.0 0.6 1.7
Earnings Company Name
Type
Country
Currency
LFY
PFY
% Chg
IBQ
12M
Qatar
QAR (Mn)
573
458
25
Ajman Bank
12M
UAE
AED (Mn)
7
4
75
Dubai Islamic Bank Union Properties
12M
UAE
AED (Mn)
1,010
806
25
12M
UAE
AED (Mn)
-1,570
-1,530
-
Number of Un-changed Declines 33 4 8 9 7 4 1 0 0
140 4 42 31 24 20 8 7 4
Last Close
% Gain 1 Day
MTD (%)
YTD (%)
0.069 0.180 0.093 0.048 0.305 0.104 0.051 0.052 0.041 0.108
7.81 5.88 5.68 5.49 5.17 5.05 4.08 4.00 3.85 3.85
7.8 5.9 12.0 1.1 -3.2 7.2 0.0 0.0 -1.2 3.8
-5.5 5.9 111.4 18.5 13.0 92.6 6.3 30.0 6.6 8.0
Last Close 0.066 0.024 0.055 0.012 0.031 0.017 0.085 0.043 0.032 0.033
% Loss 1 Day -12.00 -9.43 -8.33 -8.00 -7.58 -5.56 -5.56 -5.49 -4.48 -4.35
MTD (%)
YTD (%)
AL SAFAT INV -12.0 -12.0 MUNSHAAT REAL ES -9.4 -2.0 MANAFAE INVEST -8.3 -8.3 ALAHLEIA HLD CO -4.2 -8.0 ABYAAR REAL EST -1.6 15.5 ALDAR NAT R.E. -2.9 17.2 MUSHRIF TRD&CONT -4.5 -16.7 GULF PETROL INV -10.4 32.3 BAYAN INVEST CO -3.0 1.6 AL-AMAN INV CO -4.3 15.8 Derivatives Top Strike Premium Avg Traded Volume Options Traded Expiry Price(KD) Bid(KD) Ask(KD) Price (KD) (000’s) URC (Purch) 29-Mar 0.112 0.005 0.007 0.108 100 URC (Purch) 23-Feb 0.11 0.003 0.005 0.108 100 ALMAL (Purch) 23-Feb 0.054 0.003 0.005 0.053 75 ALAMAN (Sett) 27-Sep 0.026 0.01 0.012 0.033 45 ALAMAN (Sett) 28-Jun 0.026 0.009 0.011 0.033 45 Source: Forsa fund, an open ended fund managed by Markaz, is the sole market maker for Options in Kuwait Interest Rate (Deposit Rate) Diff FY10 Diff Period Kuwait rate US Rate (US – KW) (US – KW) 1M 0.56 0.15 -0.41 -0.08 2M 0.68 0.23 -0.45 -0.06 3M 0.87 0.32 -0.55 -0.04 6M 2.00 0.49 -1.51 0.02 Last FOMC Meeting Date: Dec 13 Next FOMC Meet. Date: Jan 24-25 Blue Chips (Top 10)
Companies Kuwait (KWD) ZAIN NAT 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 %
3.66 4.67 2.31 1.22 0.29 0.94 0.38 1.01 0.93 0.97
0.880 1.180 0.850 0.485 0.222 0.750 0.355 2.000 0.190 0.660
3.53 0.00 -1.16 0.00 0.00 1.35 -2.74 0.00 0.00 0.00
% M T D 4.76 0.00 -1.16 -1.02 -0.89 0.00 -4.05 0.00 0.00 -2.94
% Y T D -2.22 5.36 -5.56 -4.90 -14.62 -5.06 -5.33 3.09 1.06 0.00
2011 %
-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) 11.74 15.37 28.81 33.04 0.00 33.45 0.00 2.88 11.17 18.46
1.83 2.01 1.80 2.82 0.72 1.74 0.43 1.26 1.34 2.02