Kuwait Financial Centre “Markaz” Kuwait Watch Market Commentary The Kuwait Market Price Index closed on a negative note at 5,732 points, a loss of 0.02%.The Weighted Index closed at 393.75, a loss of 0.07%.The KSE 15 Index closed at 947.29, a loss of 0.03%. 34 stocks advanced while 40 declined. The Real Estate Index witnessed highest volume traded at 40.2 Mn and the highest value traded at KD 6.5 Mn.Indices were mixed.Technology Index was the top gainer, up 1.83%. Healthcare Index was the top loser; down 2.12%. Blue Chips were flat.AGILITY was the top gainer, up 2.6%, closing at KD 0.395. ZAIN was the top loser, down 1.47%, closing at KD 0.67. Kuwait Indices Index M. Cap Last % WTD MTD YTD 11 PE PB Kd Bn Close Change (%) (%) (%) (%) KSE Index 27.53 5,732 -0.02 0.15 0.20 -1.41 -16 21 2 Oil & Gas 0.33 412 0.26 -1.05 -0.26 -17.64 12 1 Basic Materials 0.57 459 -0.86 -0.78 -2.83 -8.30 10 1 Industrials 2.21 451 0.65 0.04 0.87 -9.70 11 1 Consumer Goods 0.63 484 -0.05 1.24 7.18 -3.27 10 2 Healthcare 0.19 465 -2.12 0.00 -0.43 -6.95 22 3 Consumer Servic’s 0.77 461 -0.94 -0.41 0.52 -7.86 12 2 Telecom 4.09 455 -1.08 -1.04 -2.04 -8.97 14 1 Banking 13.39 478 0.21 -0.12 -0.48 -4.31 27 2 Insurance 0.34 474 0.86 2.53 1.99 -5.16 12 1 Real Estate 2.07 506 0.28 0.10 -0.55 1.16 34 2 Financial Services 2.86 447 -0.50 -0.43 -0.41 -10.58 8 1 Technology 0.06 444 1.83 0.25 -2.76 -11.29 59 1 Volume & Value Index Volume (Mn) % Change Value (Mn) 94.3 0.5 0.5 9.3 0.3 0.0 0.2 4.4 0.0 5.8 0.0 40.2 33.0 0.0 0.1
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
6 Aug, 2012
Market Breadth
Volume % Chg Traded in Price (Mn)
INTL RESORTS 12.4 AL ARGAN INTL 9.8 REMAL REAL EST 8.9 AL SAFWA GRP 7.7 INT FIN ADVISORS 5.2 ABYAAR REAL EST 4.2 ITHMAAR BANK 3.5 GULF FIN HOUSE 3.3 ALMADINA FIN&INV 3.1 HITS TELECOM HLD 3.0 Corporate Earnings Watch
6.7 3.9 0.0 0.0 -5.0 -2.4 -2.9 -2.8 -4.1 -4.4
-0.02 0.26 -0.86 0.65 -0.05 -2.12 -0.94 -1.08 0.00 0.21 0.86 0.28 -0.50 0.00 1.83
13.9 0.0 0.2 1.7 0.0 0.0 0.1 1.1 0.0 1.8 0.0 6.5 2.4 0.0 0.0 Value Traded % Chg in (Kd Price Mn) 3.7 0.0 1.6 3.9 1.1 0.0 0.9 -1.5 0.9 2.6 0.6 -3.5 0.5 -1.1 0.5 6.7 0.3 0.0 0.3 1.5
Most Active Value REMAL REAL EST AL ARGAN INTL NATIONAL BANK KT ZAIN P WARE H-AGILITY AL SALAM GRP HLD NAT IND GROUP INTL RESORTS MABANEE CO KWT FIN HOUSE
Total number Number of Number of of companies Un-changed Advances Declines Indicators listed Kuwait Stock Exchange 205 34 40 131 Oil & Gas Index 7 1 2 4 Basic Materials Index 5 0 2 3 Industrials Index 39 9 6 24 Consumer Goods Index 7 0 1 6 Health Care Index 3 0 1 2 Consumer Services Index 17 0 3 14 Telecom Index 3 0 2 1 Banking Index 12 3 2 7 Insurance Index 9 3 1 5 Real Estate Index 39 13 6 20 Financial Services Index 59 3 14 42 Technology Index 4 2 0 2 Top Gainers Last % Gain Companies MTD (%) YTD (%) Close 1 Day FIRST TAKAFUL 0.071 26.79 26.8 -47.0 BOUBYAN INTER 0.059 7.27 18.0 -33.0 REAL EST TRADE 0.039 6.94 18.5 -35.8 INTL RESORTS 0.040 6.67 8.1 5.3 WARBA INS CO 0.132 6.45 4.8 11.9 AUTOMATED SYS CO 0.425 6.25 -10.5 84.8 FUJAIRAH CEMENT 0.079 5.33 5.3 68.1 ARABI HOLDING 0.124 5.08 -1.6 34.8 FIRST DUBAI R.E 0.036 4.41 -1.4 39.2 TAMEER R.E. INV 0.039 4.00 -3.7 -33.9 Top Losers Last % Loss Companies MTD (%) YTD (%) Close 1 Day SALBOOKH TRADING 0.056 -8.20 -9.7 -39.6 EKTTITAB HLDG CO 0.065 -7.14 -7.1 47.7 YIACO MEDICAL CO 0.360 -6.49 -1.4 -6.5 KME FINANC. INV. 0.040 -5.95 -3.7 -21.0 MUNSHAAT REAL ES 0.025 -5.77 -9.3 0.0 GULF PETROL INV 0.043 -5.56 -9.6 37.1 KWT NAT CINEMA 0.880 -5.38 -5.4 -11.1 WETHAQ TAKAFUL 0.046 -5.21 -4.2 12.3 INT FIN ADVISORS 0.038 -5.00 -5.0 -5.0 UTD FOODSTUFF 0.210 -4.55 -8.7 -38.2 Derivatives Top Five Strike Premium Avg Traded Volume Expiry Options Traded Price(KD) Bid(KD) Ask(KD) Price (KD) (000’s) IKARUS(Sett) 27-Dec 0.176 0.022 0.024 0.17 60 IKARUS(Sett) 27-Sep 0.176 0.013 0.015 0.17 60 IKARUS(Sett) 30-Aug 0.172 0.01 0.012 0.17 60 MAZAYA (Pur) 27-Dec 0.067 0.007 0.009 0.067 50 MAZAYA (Pur) 27-Sep 0.067 0.004 0.006 0.067 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 0.25 0.20 -0.05 -0.08 2M 0.40 0.17 -0.23 -0.06 3M 0.50 0.37 -0.13 -0.04 6M 0.70 0.65 -0.05 0.02 Next FOMC Meet Date: Sep 12-13 Last FOMC Meeting Date: Jul 31-Aug 1 Blue Chips (Top 10)
Earnings Company Name
Type
Country
Currency
LFY
PFY
% Chg
Al-Themar Int Hldg Kwt United Poultry Noor Fin Inv
3M
Kuwait
KWD(Mn)
-0.24
-0.04
N.M.
6M
Kuwait
KWD(Mn)
1.03
1.2
-16
3M
Kuwait
KWD(Mn)
-5.13
NA
N.M.
Dhofar Cattle Feed
6M
Oman
OMR(Mn)
0.73
0.76
-3.4
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 %
2.93 4.28 1.97 1.05 0.24 0.93 0.40 1.11 0.84 0.98
0.670 0.990 0.690 0.400 0.182 0.730 0.395 2.200 0.160 0.600
-1.47 0.00 1.47 0.00 -1.09 0.00 2.60 0.00 0.00 0.00
% M T D -2.90 0.00 0.00 1.27 -2.15 -7.59 2.60 0.00 -1.23 -7.69
% Y T D -25.56 -11.61 -23.33 -21.57 -30.00 -7.59 5.33 13.40 -14.89 -9.09
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) 9.25 15.48 25.04 36.63 0.00 0.00 14.61 10.91 9.56 22.59
1.56 1.86 1.55 2.41 0.57 1.79 0.45 0.00 1.15 2.00