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Kuwait Weekly Update

Research

20 September 2012 Market Performance: The Kuwaiti market closed on a positive note this week. The Price index increased by 1.50% closing at 5879.82. The Weighted index increased by 2.70%, closing at 405.33, while the Kuwait 15 index increased by 2.97% closing at 964.46.Liquidity level increased by 11% during the week. The market traded 1469.50 mn shares with a value of KWD 160.35 mn. Sector Performance Banks were the top traded sector this week, contributing 33.7% to the total traded value. Financial Services and Industrials followed with 31.2% and 11.4% respectively. National Bank of Kuwait SAK which lost 2.1% during the week, closing at 950 fils was the top traded stock with trading value of KWD 20.30 mn. Animesh Tulsyan Analyst +965 2224 8000 Ext: 4607 aTulsyan@markaz.com Kuwait Financial Centre S.A.K. (“Markaz�) P.O. Box, 23444, Safat 13095 Ahmad Al-Jaber Street, Universal Tower Kuwait Fax: +965 2245 0647 www.markaz.com/research

Loser, winners 162 companies were traded during the week out of which 36 closed positive, 80 were negative and 46 unchanged. Kuwait and Middle East Financial Investment was the biggest gainer, increasing 25.7% during the week and closing at 44 fils. On the other side of the spectrum, First Takaful Insurance Company KSCC was the biggest loser, shedding 18.0% to 50 fils. Figure 1- Market Performance


Kuwait Weekly Update

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Figure 2- Sector Indicator


Kuwait Weekly Update

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GAINERS 20-Sep Kuwait and Middle East Financial Investment Co44.0 KSCC Kuwait Business Town Real Estate Co KSCC 40.0 Taiba Kuwaiti Holding Co KSCC 63.0 Kuwait Hotels Co KSC 164.0 Kuwait Cable Vision SAK 50.0

13-Sep 35.0 32.5 55.0 152.0 46.5

% chg 25.7% 23.1% 14.5% 7.9% 7.5%

LOSERS First Takaful Insurance Co KSCC Noor Financial Investment KSCC Co Munshaat Real Estate Projects Co KSCC Sokouk Holding Co KSCC Kuwait Food Co SAK

13-Sep 61 61 35 41 1,600

% chg -18.0% -18.0% -17.4% -13.4% -12.5%

20-Sep 50 50 29 36 1,400

No. of Companies listed in KSE No. of Companies Traded Gainers Losers No change

Most Active National Bank of Kuwait SAK Kuwait Finance House KSC Al-Salam Group Holding Co KSCC Ekttitab Holding Co KSCC Mobile Telecommunications Co KSC

Date Sun. 16 Sep Mon. 17 Sep Tue. 18 Sep Wed. 19 Sep Thu. 20 Sep

KSE Cap-wtd in week % YTD % KSE Price-wtd in week % YTD % KSE 15 Index in week % YTD % Volume Traded Value Traded (000 KD(

205 162 36 80 46 Value Traded (000 KD) 20,308 10,243 10,221 7,536 5,998

Price 950 690 230 90 680

% chg -2.1% -4.2% 1.8% -1.1% -4.2%

Price index 5,785.3 5,799.7 5,834.3 5,883.1 5,879.8

Value Traded (000 KD) 23,805 35,023 29,594 34,603 37,331

Current week 405.33 2.70% -0.07% 5,879.82 1.50% 1.13% 964.46 2.97% -3.55% 1,46,95,05,511 1,60,356

Last week 394.68 -1.17% -2.70% 5,792.71 -1.94% -0.37% 936.62 -1.43% -6.34% 1,09,68,43,463 1,44,282

"Note: Top Gainers & Losers is based only on stocks which were traded during the last 2 weeks. KSE 15 Index started trading only from 15-May-2012"


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