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Kuwait Weekly Update


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 Kuwait Financial Centre S.A.K. (“Markaz�) P.O. Box, 23444, Safat 13095 Ahmad Al-Jaber Street, Universal Tower Kuwait Fax: +965 2245 0647

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


Figure 2- Sector Indicator

Kuwait Weekly Update


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"

Disclaimer 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 “. The 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 no representation or warranty, expressed or implied, is made that such information and data is accurate or complete, and therefore should not be relied upon as such. Opinions, estimates and projections in this report constitute the current judgment of the author as of the date of this report. They do not necessarily reflect the opinion of Markaz and are subject to change without notice. Markaz has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate, or if research on the subject company is withdrawn. This report may not consider the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. Investors are urged to seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report and to understand that statements regarding future prospects may not be realized. Investors should note that income from such securities, if any, may fluctuate and that each security‟s price or value may rise or fall. Investors should be able and willing to accept a total or partial loss of their investment. Accordingly, investors may receive back less than originally invested. Past performance is not necessarily indicative of future performance. Kuwait Financial Centre S.A.K (Markaz) does and seeks to do business, including investment banking deals, with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. This report may provide the addresses of, or contain hyperlinks to, websites. Except to the extent to which the report refers to website material of Markaz, Markaz has not reviewed the linked site and takes no responsibility for the content contained therein. Such address or hyperlink (including addresses or hyperlinks to Markaz‟s own website material) is provided solely for your convenience and information and the content of the linked site does not in any way form part of this document. Accessing such website or following such link through this report or Markaz‟s website shall be at your own risk. For further information, please contact „Markaz‟ at P.O. Box 23444, Safat 13095, Kuwait; Email: ; Tel: 00965 1804800; Fax: 00965 22450647.



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