Page 1

Kuwait Financial Centre “Markaz” Kuwait Watch Market Commentary The Kuwait Market Price Index closed on a negative note at 5,993 points, a loss of 0.02%. The Weighted Index closed at 418.82, a gain of 0.17%. The KSE 15 Index closed at 1008.06, a gain of 0.55%. 50 stocks advanced while 54 declined. The Financial Services Index witnessed highest volume traded at 204.7 Mn and Banking Index witnessed the highest value traded at KD 13.5 Mn. Indices were negative.Healthcare Index was the top gainer, up 4.22%. Technology Index was the top loser, down 3.66%. Blue chips were flat. Zain was the top gainer, up 2.78%, closing at KD 0.74. NMTC was the top loser, down 1.56%, closing at KD 2.52. Kuwait Indices Index M. Cap Last % WTD MTD YTD 11 PE PB Kd Bn Close Change (%) (%) (%) (%) KSE Index 29.13 5,993 -0.02 -0.03 0.18 3.08 -16 16 2 Oil & Gas 0.35 435 -1.11 -0.07 0.75 -13.08 16 1 Basic Materials 0.58 470 -0.89 1.18 -0.94 -5.98 11 1 Industrials 2.53 513 -0.47 -0.57 -0.82 2.64 14 1 Consumer Goods 0.75 564 -1.17 -1.12 0.08 12.73 13 2 Healthcare 0.17 452 4.22 0.00 0.20 -9.63 19 2 Consumer Servic’s 0.79 469 -1.08 -2.05 -0.99 -6.19 11 2 Telecom 4.44 508 1.40 -0.48 -0.70 1.56 11 2 Banking 13.87 496 0.24 0.41 0.55 -0.76 20 2 Insurance 0.35 490 0.44 2.01 3.21 -1.99 12 1 Real Estate 2.27 546 -0.01 -0.68 1.16 9.10 22 2 Financial Services 2.95 474 -0.43 -0.37 0.24 -5.14 8 1 Technology 0.06 414 -3.66 -3.40 -3.35 -17.11 4 1 Volume & Value Index Volume (Mn) % Change Value (Mn) 557.5 17.2 0.3 45.3 0.6 0.1 1.6 10.1 0.0 73.4 0.0 204.1 204.7 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)

ITHMAAR BANK 59.6 INVESTORS HLDING 54.0 ABYAAR REAL EST 40.7 INT FIN ADVISORS 39.5 GULF FIN HOUSE 33.1 SOKOUK HLDING 32.9 NATL RANGES CO 32.7 GULF INV HOUSE 28.6 INOVEST BSC 23.2 GULF PETROL INV 17.2 Corporate Earnings Watch

1.9 -7.7 3.2 3.8 -5.2 3.5 -2.2 1.4 -1.9 -1.6

-0.02 -1.11 -0.89 -0.47 -1.17 4.22 -1.08 1.40 0.00 0.24 0.44 -0.01 -0.43 0.00 -3.66

45.6 1.1 0.0 2.5 0.1 0.0 0.5 1.6 0.0 13.5 0.0 13.2 13.0 0.0 0.0 Value Traded % Chg in (Kd Price Mn) 7.2 0.0 5.3 -5.8 3.5 1.7 3.3 1.9 1.9 3.2 1.9 3.5 1.6 3.8 1.3 1.9 1.3 -1.9 1.2 -5.2

Most Active Value NATIONAL BANK KT REMAL REAL EST AL SALAM GRP HLD ITHMAAR BANK ABYAAR REAL EST SOKOUK HLDING INT FIN ADVISORS BURGAN BANK INOVEST BSC GULF FIN HOUSE

Total number Number of Number of of companies Un-changed Advances Declines Indicators listed Kuwait Stock Exchange 205 50 54 101 Oil & Gas Index 7 1 2 4 Basic Materials Index 5 2 2 1 Industrials Index 39 10 13 16 Consumer Goods Index 7 0 3 4 Health Care Index 3 1 0 2 Consumer Services Index 17 4 4 9 Telecom Index 3 2 1 0 Banking Index 12 3 1 8 Insurance Index 9 2 0 7 Real Estate Index 39 12 8 19 Financial Services Index 59 13 16 30 Technology Index 4 0 4 0 Top Gainers Last % Gain Companies MTD (%) YTD (%) Close 1 Day AL-AMAN INV CO 0.057 9.62 9.6 -19.1 KIPCO ASSET MGMT 0.126 8.62 -18.2 -36.3 KOUT FOOD GRP 0.630 8.62 1.6 21.2 ADV TECHNOLOGY 0.660 8.20 3.1 3.1 ARAB INS GROUP 0.098 7.69 2.1 -25.8 TIJARA& REAL EST 0.048 5.49 14.3 54.8 SANAM REAL EST 0.058 5.45 0.0 -21.6 MUNSHAAT REAL ES 0.053 3.92 30.9 116.3 INT FIN ADVISORS 0.041 3.80 6.5 2.5 AL ENMAA REA EST 0.088 3.53 2.3 -8.3 Top Losers Last % Loss Companies MTD (%) YTD (%) Close 1 Day SECURITIES HOUSE 0.095 -26.92 -26.9 -26.9 KWT BUS TOWN 0.020 -11.11 -25.9 -29.8 KWT CABLE VISION 0.025 -9.09 -31.5 -63.2 IFA HTLS&RESORTS 0.290 -7.94 -3.3 -38.9 INVESTORS HLDING 0.018 -7.69 0.0 44.0 KWT GYPSUM 0.128 -7.25 -7.2 0.0 FUTURE COMMS 0.140 -6.67 -5.4 -53.3 REMAL REAL EST 0.410 -5.75 -5.7 74.6 GULF FIN HOUSE 0.037 -5.19 2.8 -9.9 KWT BLD MAT MFG 0.196 -4.85 -13.3 -13.3 Derivatives Top Five Strike Premium Avg Traded Volume Expiry Options Traded Price(KD) Bid(KD) Ask(KD) Price (KD) (000’s) ARABREC(Pur) 27-Dec 0.038 0.004 0.006 0.038 200 ALMAL(Pur) 27-Dec 0.039 0.004 0.006 0.038 100 OULAFUEL(Pur) 27-Dec 0.285 0.022 0.024 0.275 20 GBK (Sett) 25-Oct 0.44 0.013 0.015 0.435 20 OULAFUEL(Pur) 25-Oct 0.28 0.008 0.01 0.275 20 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 0.25 -0.10 -0.08 2M 0.50 0.21 -0.29 -0.06 3M 0.60 0.27 -0.33 -0.04 6M 0.70 0.44 -0.26 0.02 Last FOMC Meeting Date: Sep 12-13 Next FOMC Meet Date: Oct 23-24 Blue Chips (Top 10)

Earnings Company Name

Makkah Const & Devlpt Al Ahsa Development Co Al Anwar Ceramic Tiles Almarai

9 Oct, 2012

Market Breadth

Type

Country

Currency

LFY

PFY

% Chg

6M

Saudi

SAR(Mn)

189.00

176.64

7.0

9M

Saudi

SAR(Mn)

6.300

9.13

-31.0

9M

Oman

OMR(Mn)

4.92

4.43

11.0

9M

Saudi

SAR(Bn)

1.07

1.01

6.0

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 %

3.10 4.32 2.20 1.16 0.29 0.91 0.55 1.29 0.81 0.97

0.740 1.000 0.770 0.435 0.226 0.700 0.530 2.520 0.152 0.640

2.78 0.00 1.32 -1.14 0.00 0.00 0.00 -1.56 0.00 0.00

% M T D 0.00 1.01 0.00 -1.14 3.67 -1.41 1.92 -2.33 -1.30 4.92

% Y T D -17.78 -10.71 -14.44 -14.71 -13.08 -11.39 41.33 29.90 -19.15 -3.03

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) 9.77 15.63 28.23 45.27 0.00 0.00 20.07 12.70 9.23 22.25

1.93 1.88 1.71 2.63 0.77 1.70 0.64 1.66 1.11 1.97


Kuwait Stock Statistics

Name Large Caps AHLI UNITED BANK AL AHLI BANK AUBK BAHRAIN BOUBYAN BANK BURGAN BANK COMMERCIAL BANK E K HOLDING GULF BANK 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 BOUBYAN PETROCH. COM. FACILITIES COMBINED GROUP COMMERCIAL R.E. GULF CABLE IND IFA HTLS&RESORTS ITHMAAR BANK KUWAIT INT BANK KWT CEMENT CO 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

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

PE (x)

3,749 3,448 2,878 3,859 2,860 3,260 1,066 4,124 7,857 2,318 1,903 2,733 1,042 4,594 15,388 1,975 11,056

0.890 0.640 0.152 0.620 0.530 0.700 0.360 0.435 0.770 1.600 0.395 1.200 0.226 2.520 1.000 0.530 0.740

0.00 0.00 0.00 0.00 1.92 0.00 -1.37 -1.14 1.32 -1.23 -1.25 0.00 0.00 -1.56 0.00 0.00 2.78

0 0 0 0 1 0 0 0 1 0 0 0 1 0 7 0 1

0 0 2 0 2 0 0 1 2 0 0 0 3 0 7 0 1

-1.1 4.9 -1.3 0.0 3.9 -1.4 -4.0 -1.1 0.0 0.0 1.3 3.4 3.7 -2.3 1.0 1.9 0.0

18.3 1.8 -15.1 5.1 17.2 -11.4 44.0 -10.4 -7.6 8.1 36.0 53.5 -13.1 29.9 -1.8 41.3 -17.8

28.78 22.25 9.23 N.M. 13.68 0.00 9.07 45.27 28.23 14.50 16.72 31.43 0.00 12.70 15.63 20.07 9.77

4.0 2.0 1.1 4.3 1.7 1.7 1.5 2.6 1.7 2.3 0.9 4.4 0.8 1.7 1.9 0.6 1.9

1.7 2.3 5.5 0.0 1.9 0.0 3.8 0.0 2.0 4.0 5.0 0.8 0.0 2.0 4.0 5.7 9.0

22-Apr-12 10-Jul-12 26-Oct-11 2-Oct-12 8-Oct-12 17-Oct-11 23-Sep-12 20-Oct-11 15-Nov-11 8-Oct-12 8-Oct-12 17-Jul-12 14-Nov-11 8-Oct-12 7-Mar-12 4-Oct-12 15-Nov-11

0.930 0.680 0.196 0.630 0.520 0.860 0.390 0.524 0.861 1.640 0.400 1.280 0.280 2.600 1.109 0.550 0.940

29-Dec-11 7-Jun-12 18-Sep-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 12-Jan-12 6-Aug-12 28-Nov-11 17-Sep-12 24-Jan-12 8-Aug-12

0.752 0.540 0.150 0.530 0.405 0.630 0.248 0.385 0.670 1.220 0.271 0.755 0.180 1.880 0.930 0.335 0.650

0.57 0.40 1.03 0.67 1.31 0.25 1.38 0.74 0.95 1.05 1.43 1.45 1.94 0.44 0.84 1.18 1.02

902 967 621 522 509 852 509 533 979 942 728 584 518

0.330 0.550 0.320 1.340 0.079 1.120 0.290 0.055 0.265 0.405 0.184 0.330 0.160

1.54 -1.79 -1.54 -2.90 1.28 -1.75 -7.94 1.85 0.00 -2.41 -1.08 3.13 0.00

0 0 0 0 0 0 0 3 0 0 0 0 0

1 0 0 0 2 0 0 60 0 0 0 0 0

-4.3 0.0 -3.0 -4.3 3.9 -1.8 -3.3 14.6 1.9 -2.4 -3.2 -4.3 -2.4

4.8 -1.8 23.1 -6.7 2.6 -21.1 -38.9 189.5 3.9 -12.0 -14.0 58.7 -18.4

6.32 11.29 10.86 14.36 96.30 17.44 0.00 0.00 21.79 17.79 14.11 19.42 N.M.

1.6 1.1 1.1 3.9 0.6 1.6 3.1 0.9 1.3 1.9 0.9 1.3 0.9

3.1 7.1 6.8 5.1 6.4 6.4 0.0 0.0 1.9 3.6 6.5 4.7 0.0

26-Sep-12 31-May-12 30-Sep-12 7-May-12 12-Apr-12 2-Nov-11 8-Dec-11 8-May-12 22-Apr-12 15-Nov-11 30-Oct-11 24-Sep-12 19-Feb-12

0.355 0.630 0.340 1.600 0.097 1.540 0.510 0.073 0.285 0.530 0.226 0.370 0.232

8-Aug-12 26-Sep-12 31-Jan-12 25-Jun-12 29-Aug-12 17-Sep-12 13-Jun-12 23-Jan-12 17-Jan-12 6-Sep-12 13-Aug-12 8-Jan-12 20-Sep-12

0.265 0.530 0.250 1.060 0.067 1.000 0.248 0.018 0.234 0.360 0.170 0.200 0.144

1.10 1.30 0.49 1.21 0.80 1.19 0.70 1.77 1.21 1.14 1.09 1.07 0.41

89 123 183 213 326 337 97 160 87 136 30 25 173 59 78 50 25 137 275 91 60 197 191 38 36 51 295 130 84 69 73 98 64 57 84 69 59 224 196 71 62

0.071 0.086 0.048 0.234 0.660 0.475 0.154 0.160 0.034 0.088 0.038 0.043 0.075 0.170 0.200 0.108 0.025 0.065 0.100 0.062 0.013 0.234 0.174 0.013 0.057 0.034 0.073 0.420 0.058 0.038 0.084 0.120 0.095 0.067 0.098 0.038 0.120 0.080 0.052 0.087 0.420

0.00 -1.15 3.23 0.00 8.20 0.00 0.00 0.00 1.52 3.53 0.00 0.00 0.00 0.00 0.00 0.00 2.08 1.56 0.00 -3.13 0.00 1.74 1.16 0.00 9.62 -1.47 0.00 0.00 0.00 2.74 -3.45 1.69 0.00 0.00 7.69 0.00 -1.64 0.00 0.00 0.00 -3.45

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

0 1 41 0 0 0 0 0 6 0 0 0 0 0 0 0 1 9 0 0 0 15 0 0 4 10 0 0 16 3 0 0 0 0 0 2 1 0 0 0 0

0.0 -1.1 5.5 -1.7 3.1 6.7 -2.5 -3.6 4.7 2.3 -14.6 0.0 -2.6 -3.4 -4.8 -3.6 -2.0 8.3 0.0 1.6 0.0 -1.7 2.4 0.0 9.6 -11.8 0.0 1.2 -1.7 2.7 -3.4 5.3 18.8 -1.5 2.1 -3.8 0.0 -5.9 0.0 3.6 -7.7

0.0 56.4 81.8 9.7 3.1 -4.1 18.5 11.1 21.8 -8.3 -56.6 0.0 21.0 30.8 -9.1 23.3 28.9 44.4 33.3 6.9 -10.3 125.0 11.5 4.0 -19.1 131.0 -44.7 27.3 52.6 -26.5 2.4 -3.2 48.4 -25.6 -25.8 24.6 30.4 -24.5 0.0 19.2 82.6

0.00 10.43 0.00 21.72 26.56 12.49 0.00 16.02 0.00 48.57 0.00 0.00 0.00 7.02 0.00 7.85 0.00 0.00 0.00 0.00 0.00 12.39 9.28 0.00 0.00 0.00 6.72 9.28 0.00 0.00 12.87 16.01 0.00 0.00 0.00 0.00 9.86 14.87 0.00 11.87 4.55

0.0 0.5 0.5 0.8 2.7 1.2 0.2 0.7 0.5 0.7 0.5 0.5 0.6 0.9 1.5 0.9 0.4 0.8 1.3 0.7 0.9 1.9 0.6 0.5 0.5 0.9 0.3 1.7 0.4 0.4 0.5 1.0 1.0 0.7 0.4 0.3 0.8 1.0 0.4 0.8 1.5

0.0 0.0 0.0 2.1 2.5 5.0 0.0 5.9 0.0 0.0 0.0 0.0 0.0 5.9 0.0 6.4 0.0 0.0 0.0 0.0 0.0 2.2 4.1 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 5.6 5.7

NA 21-May-12 5-Mar-12 20-Nov-11 28-May-12 22-Mar-12 30-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 4-Oct-12 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

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 0.028 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

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

0.000 0.052 0.022 0.181 0.590 0.380 0.114 0.106 0.025 0.080 0.031 0.000 0.058 0.130 0.220 0.067 0.019 0.043 0.060 0.054 0.012 0.048 0.148 0.011 0.044 0.014 0.069 0.340 0.031 0.034 0.073 0.069 0.070 0.058 0.081 0.027 0.084 0.079 0.000 0.060 0.222

1.69 0.91 2.37 1.25 -0.94 0.35 0.71 1.39 0.39 0.70 1.37 0.00 1.53 0.28 0.00 0.00 1.88 1.78 2.66 2.19 2.29 2.17 1.38 1.23 1.20 1.99 0.00 0.00 2.03 2.37 1.27 1.85 0.00 0.20 0.30 2.14 1.42 1.90 1.49 0.59 1.82

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 IKARUS PETRO IND 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

Market Cap (Mn Dollars) 112 55 63 125 233 87 33 21 75 91 66 68 94 135 287 22 92 43 50 3 90 23 224 262 96 340 58 22 51 28 101 56 169 41 110 449 187 36 80 57 101 192 21 74 414 36 276 109 41 151 90 154 154 225 26 71 26 21 63 3 49 84 15 35 200 324 38 87 29 168 58 30 33

Last Value % Price % Price Closing % Traded Volume Change Change Price Change (Kd Mn) (Mn) MTD YTD 0.325 0.039 0.059 0.158 0.550 0.039 0.102 0.036 0.072 0.097 0.082 0.140 0.240 0.038 0.124 0.062 0.095 0.140 0.124 0.084 0.049 0.018 0.082 0.037 0.640 0.510 0.038 0.040 0.061 0.085 0.176 0.194 0.067 0.039 0.270 0.162 0.350 0.025 0.065 0.053 0.041 0.069 0.039 0.018 0.475 0.070 0.255 0.126 0.043 0.630 0.094 0.052 0.305 0.300 0.140 0.310 0.236 0.196 0.020 0.025 0.052 0.077 0.128 0.158 0.102 0.900 0.260 0.110 0.053 0.053 0.142 0.046 0.030

0.00 -1.28 0.00 0.00 0.00 0.00 0.00 0.00 -1.37 0.00 1.23 0.00 0.00 0.00 0.00 1.64 1.06 -6.67 3.33 0.00 0.00 0.00 1.23 -5.19 -4.48 0.00 1.35 -1.23 -1.61 -1.16 1.15 0.00 1.52 0.00 0.00 -3.57 1.45 0.00 0.00 -1.85 3.80 2.99 2.63 -7.69 -1.04 0.00 0.00 8.62 -1.15 8.62 -1.05 -3.70 3.39 0.00 0.00 3.33 0.00 -4.85 -11.11 -9.09 0.00 0.00 -7.25 0.00 0.00 0.00 0.00 1.85 0.00 1.92 0.00 2.22 -1.64

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 1 0 1 0 0 0 1 0 0 0 0 0 0 1 2 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 1 2 0 0 2 0 0 1 0 3 1 0 1 1 0 0 0 0 0 0 0 1 33 0 0 29 0 17 0 0 0 9 0 0 0 0 0 0 23 40 2 2 54 1 0 0 0 0 0 0 1 0 0 0 1 0 0 10 0 0 0 0 0 0 0 0 0 0 5 0 0 0

0.0 2.7 13.5 -4.8 0.0 1.3 0.0 4.3 2.9 -4.9 -2.4 11.1 0.0 -3.8 -1.6 3.3 1.1 -5.4 14.8 0.0 0.0 0.0 5.1 2.8 -8.6 0.0 10.3 -9.1 10.9 -5.6 1.1 -6.7 1.5 0.0 0.0 -2.4 1.4 0.0 12.1 17.8 6.5 4.5 2.6 0.0 3.3 0.0 -3.8 -18.2 -2.3 1.6 -4.1 -7.1 1.7 -1.6 -12.5 10.7 -0.8 -13.3 -25.9 -31.5 0.0 0.0 -7.2 -6.0 2.0 -3.2 8.3 1.9 3.9 6.0 7.6 3.4 1.7

10.0 22.2 -33.0 -25.5 3.8 -27.8 9.7 -74.3 -25.0 -11.8 86.4 164.2 -7.7 49.0 10.7 -53.7 102.1 -53.3 8.8 24.4 -60.1 0.0 32.3 -9.9 -47.5 -4.4 70.5 -14.0 96.8 4.9 -48.2 -10.2 24.1 6.9 -3.6 -4.7 1.4 -30.6 -14.5 34.2 2.5 -32.4 2.6 44.0 14.8 -17.6 16.9 -36.3 -14.0 21.2 -7.8 -5.5 -27.1 -7.7 -45.1 6.7 -9.2 -13.3 -29.8 -63.2 0.0 84.2 0.0 -43.6 -3.8 -9.1 -13.3 -15.4 -37.1 10.4 -26.2 -1.1 9.1

PE (x) 13.86 0.00 0.00 26.54 0.00 3.09 0.00 0.00 0.00 56.52 17.72 0.00 9.05 0.00 10.28 0.00 0.00 16.25 15.25 0.00 0.00 0.00 0.00 37.76 9.81 12.56 0.00 0.00 19.62 0.00 18.30 22.18 0.00 0.00 9.37 16.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10.34 8.22 7.65 0.00 0.00 10.57 0.00 0.00 0.00 12.96 10.45 10.24 11.68 19.13 0.00 0.00 0.00 2.48 15.32 0.00 20.94 17.16 4.98 0.00 0.00 13.40 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 1.5 0.5 0.4 0.7 2.9 0.5 1.3 0.3 0.5 0.9 0.8 1.2 1.2 0.8 0.9 0.6 0.0 0.9 0.7 0.2 12.0 0.0 0.7 0.8 1.9 1.4 0.9 0.4 0.6 0.9 0.9 1.0 0.5 0.9 1.4 0.9 0.7 0.4 0.5 0.0 0.3 0.5 0.5 0.7 3.9 0.4 1.5 0.8 0.5 1.5 0.5 0.5 0.9 1.4 1.3 1.2 2.0 1.2 0.3 0.6 0.3 0.7 0.9 1.7 0.5 2.0 0.9 1.3 0.7 0.4 0.4 0.5 0.4

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 0.0 0.0 8.3 4.2 0.0 0.0 0.0 0.0 0.0 6.0 3.9 0.0 0.0 0.0 0.0 5.7 6.7 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 7.8 25.9 0.0 5.2 0.0 0.0 0.0 6.2 6.9 3.3 7.6 2.4 0.0 0.0 0.0 0.0 5.1 0.0 0.0 4.7 0.0 0.0 0.0 0.0 0.0 0.0 0.0

NA 5-Mar-12 11-Oct-11 23-Oct-11 23-Nov-11 25-Oct-11 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 20-Oct-11 8-Oct-12 9-May-12 13-Nov-11 8-Jun-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 2-Jun-11 29-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-Oct-12 13-Nov-11 9-Apr-12 6-May-12 2-Apr-12 26-Sep-12 22-Apr-12 20-May-12 20-Oct-11 4-Oct-12 8-Apr-12 28-May-12 15-Nov-11 23-Sep-12 12-Sep-12 22-Jul-12 1-Jun-11 29-Aug-12 12-Jun-12 13-Oct-11 13-Oct-11 6-Mar-12 2-Jul-12 25-Oct-11 16-May-12 7-Mar-12 31-Jul-12 27-Mar-12 7-May-12

0.000 0.045 0.100 0.300 0.630 0.070 0.102 0.140 0.116 0.130 0.136 0.198 0.260 0.046 0.164 0.134 0.130 0.310 0.120 0.133 0.128 0.018 0.112 0.077 1.500 0.581 0.039 0.062 0.075 0.128 0.350 0.228 0.136 0.064 0.290 0.214 0.405 0.049 0.093 0.077 0.069 0.124 0.069 0.026 0.480 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 0.095 0.160 0.200 0.290 0.124 1.120 0.325 0.164 0.090 0.063 0.196 0.062 0.036

NA 10-Jan-12 19-Sep-12 30-Jul-12 13-Jun-12 15-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 4-Oct-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 26-Sep-12 21-Nov-11 14-Sep-11 14-Jun-12 4-Dec-11 24-Nov-11 6-Feb-12 7-Aug-12 16-Feb-12 25-Jun-12 24-Sep-12 21-Nov-11 23-Jan-12 13-Oct-11 15-Jul-12 9-Feb-12 8-Oct-12 15-Aug-12 11-Oct-11 29-Jul-12 25-Jan-12 16-Aug-12 29-Jul-12 7-Oct-12 22-Feb-12 1-Oct-12 3-Oct-12 29-Mar-12 4-Oct-12 19-Jan-12 30-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 25-Sep-12 12-Jun-12

0.000 0.028 0.048 0.144 0.430 0.036 0.083 0.029 0.065 0.090 0.038 0.048 0.240 0.023 0.096 0.049 0.046 0.132 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 0.152 0.285 0.021 0.048 0.036 0.035 0.064 0.029 0.011 0.268 0.070 0.198 0.116 0.032 0.375 0.083 0.050 0.260 0.275 0.160 0.248 0.236 0.206 0.018 0.027 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

0.00 1.62 0.90 0.66 -0.19 2.08 1.12 0.00 1.82 0.99 1.85 2.00 0.00 2.10 0.66 1.55 0.66 -0.20 -0.04 1.09 2.63 2.03 0.76 1.91 0.66 0.22 0.63 1.86 1.47 0.83 0.50 0.26 1.29 0.48 0.22 1.20 0.26 0.91 0.82 1.21 2.21 0.23 2.12 2.02 0.97 1.34 2.49 0.28 0.37 0.71 1.77 1.53 0.55 0.19 0.60 0.92 0.00 1.36 -0.00 0.90 1.16 0.53 0.00 0.43 1.19 -0.14 0.00 1.90 1.12 1.53 0.00 0.87 1.03


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) 142 41 87 149 227 166 76 24 36 44 58 55 142 105 37 15 362 440 67 80 400 94 44 339 22 10 311 200 165 37 16 73 392 105 26 24 124 324 117 43 109 276 48 218 27 298 37 44 321 62 79 72 164 66 164 499 24 73 11 238 24

Last Value % Price % Price Closing % Traded Volume Change Change Price Change (Kd Mn) (Mn) MTD YTD 0.182 0.058 0.034 0.200 0.120 0.255 0.033 0.036 0.124 0.058 0.053 0.079 0.090 0.132 0.050 0.140 0.116 0.300 0.325 0.022 0.138 0.068 0.068 0.275 0.106 0.029 0.950 0.075 0.106 0.100 0.038 0.228 0.410 0.540 0.066 0.058 0.126 0.095 0.074 0.186 0.059 0.222 0.089 0.106 0.041 0.224 0.045 0.025 0.088 0.048 0.060 0.100 0.092 0.150 0.570 0.116 0.192 0.118 0.031 0.405 0.068

-1.09 0.00 -1.47 0.00 0.00 -1.92 0.00 2.86 1.64 1.75 3.92 2.60 0.00 -2.94 1.01 0.00 0.00 0.00 0.00 -2.22 0.00 -2.86 0.00 0.00 0.00 0.00 -1.04 -1.32 0.00 0.00 -3.85 -0.87 -5.75 0.00 -4.35 5.45 0.00 -26.92 1.37 0.00 3.51 0.00 0.00 0.00 0.00 0.00 3.45 0.00 0.00 5.49 -1.64 0.00 -1.08 0.00 1.79 -1.69 0.00 0.00 0.00 0.00 0.00

0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 5 0 0 0 0 0 0 0 2 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0

0 0 9 0 0 0 0 1 1 1 12 3 0 0 0 0 1 0 0 33 0 1 0 0 0 0 0 2 0 0 0 0 13 0 0 0 0 0 1 0 33 0 0 0 0 0 0 0 0 16 1 0 0 0 0 0 0 0 0 0 0

-1.1 3.6 -8.2 16.3 1.7 2.0 0.0 2.9 0.0 5.5 30.9 -8.1 0.0 -8.3 -5.7 -10.3 0.0 -20.0 0.0 -2.2 0.0 -1.4 1.5 -1.8 12.8 -1.7 1.1 7.1 0.0 0.0 -16.7 11.8 -5.7 -6.9 1.5 0.0 -10.0 -26.9 1.4 -4.1 15.7 -1.8 0.0 -1.9 -16.5 0.0 12.5 0.0 -2.2 14.3 -1.6 0.0 -1.1 0.0 3.6 1.8 -18.6 1.7 -18.7 2.5 7.9

-18.0 -3.3 109.4 -9.9 3.4 40.1 0.0 14.3 6.9 0.0 116.3 -22.5 -10.0 26.0 -2.0 -9.1 -32.6 7.1 0.4 57.1 7.8 17.4 0.0 -3.7 23.3 -24.0 33.8 13.6 -14.5 -25.4 -37.5 44.3 74.6 -1.8 -28.8 -21.6 -45.2 -26.9 68.2 3.3 86.7 -4.1 30.9 -11.7 -64.5 -2.6 -23.7 0.0 -3.3 54.8 39.5 -7.4 -9.8 19.0 90.0 16.0 -43.5 0.0 -24.7 5.2 -38.2

PE (x) 0.00 0.00 0.00 26.30 N.M. 8.16 0.00 0.00 0.00 0.00 0.00 8.36 0.00 9.46 0.00 7.40 0.00 24.84 10.88 0.00 0.00 0.00 77.65 24.17 12.46 0.00 14.13 N.M. 13.64 27.86 76.47 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 37.61 19.38 0.00 0.00 N.M. 0.00 10.32 13.12 22.85 7.43 8.03 6.29 22.35 20.88 19.79 11.80 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 0.6 0.7 1.0 0.7 1.1 0.1 0.4 0.5 0.5 0.6 0.5 0.8 0.9 0.3 1.1 0.6 1.5 1.4 0.8 0.7 0.8 0.6 2.2 0.7 0.8 1.4 0.6 0.9 0.7 0.2 1.2 2.4 2.9 0.7 0.6 0.6 1.7 0.3 0.8 0.6 1.7 1.0 1.6 0.4 0.9 0.4 1.1 1.0 0.5 0.6 0.7 0.5 1.2 1.4 0.7 1.3 0.5 0.3 2.2 0.6

0.0 0.0 0.0 0.0 0.0 5.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 3.7 0.0 0.0 0.0 2.9 7.7 0.0 0.0 0.0 0.0 0.0 8.6 0.0 6.8 6.6 8.9 5.0 0.0 0.0 0.0 4.6 0.0 0.0 0.0 0.0 4.7 0.0 0.0 0.0 0.0 0.0 0.0 3.6 0.0 0.0 5.6 0.0 8.7 7.0 0.0 3.1 5.4 4.2 2.5 4.2 0.0 3.7 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 8-Oct-12 16-Oct-11 13-Oct-11 19-Apr-12 17-May-12 31-May-12 1-Nov-11 30-Sep-12 16-May-12 8-May-12 13-Nov-11 8-Oct-12 27-May-12 21-Jun-12 27-May-12 24-Oct-11 12-Oct-11 18-Mar-12 29-Apr-12 23-Nov-11 16-Oct-11 8-Oct-12 14-Aug-12 7-Mar-12 16-Oct-11 27-Dec-11 14-May-12 NA 21-Feb-12 23-Apr-12 22-Feb-12 3-Nov-11 24-Jul-12 3-Nov-11 28-May-12 15-Mar-12 18-Apr-12 NA 27-Dec-11 7-Oct-12 11-Mar-12 13-Feb-12 17-Oct-11 23-Sep-12 8-Oct-12 4-Oct-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 0.053 0.132 0.134 0.164 0.072 0.285 0.210 0.375 0.385 0.026 0.172 0.071 0.077 0.370 0.140 0.044 1.140 0.085 0.128 0.134 0.074 0.230 0.435 0.710 0.117 0.078 0.220 0.000 0.097 0.216 0.067 0.259 0.095 0.140 0.114 0.250 0.070 0.000 0.095 0.053 0.074 0.122 0.110 0.160 0.640 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 7-Oct-12 2-Oct-12 20-Dec-11 26-Aug-12 13-Jun-12 16-Sep-12 13-Jun-12 14-Nov-11 12-Feb-12 12-Oct-11 18-Sep-12 26-Aug-12 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 12-Jun-12 8-Oct-12 29-Aug-12 12-Aug-12 NA 14-Nov-11 21-Nov-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 4-Oct-12 5-Jan-12 26-Sep-12

0.172 0.049 0.015 0.114 0.102 0.170 0.000 0.029 0.102 0.041 0.022 0.075 0.081 0.101 0.026 0.126 0.100 0.244 0.295 0.012 0.084 0.048 0.060 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 0.097 0.043 0.216 0.035 0.000 0.079 0.031 0.041 0.089 0.079 0.116 0.265 0.095 0.192 0.099 0.029 0.345 0.068

0.68 0.90 2.81 0.49 1.69 1.80 2.43 1.49 1.72 1.78 2.21 0.48 0.35 1.48 0.43 0.00 1.34 0.93 0.25 1.60 1.57 1.89 1.11 0.22 1.52 0.72 1.41 1.63 0.92 0.00 4.15 0.90 0.00 0.52 0.97 0.95 0.61 1.03 1.15 0.56 1.76 0.43 2.05 1.15 1.17 0.58 0.93 1.61 0.47 0.63 1.50 -0.00 1.47 0.09 0.41 1.13 0.09 0.56 1.21 0.65 0.00

This report has been prepared and issued by Kuwait Financial Centre S.A.K (Markaz), which is regulated by the Central Bank of Kuwait. The report is owned by Markaz and is privileged and proprietary and is subject to copyrights. Sale of any copies of this report is strictly prohibited. This report cannot be quoted without the prior written consent of Markaz. Any user after obtaining Markaz permission to use this report must clearly mention the source as “Markaz “.This Report is intended to be circulated for general information only and should not to be construed as an offer to buy or sell or a solicitation of an offer to buy or sell any financial instruments or to participate in any particular trading strategy in any jurisdiction. The information and statistical data herein have been obtained from sources we believe to be reliable but in no way are warranted by us as to its accuracy or completeness. Markaz has no obligation to update, modify or amend this report. For further information, please contact ‘Markaz’ at

P.O. Box 23444, Safat 13095, Kuwait. Tel: 00965 1804800 Fax: 00965 22450647. Email: research@markaz.com

KD09102012  

KD09102012

Advertisement