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Kuwait Weekly Update

Research

29th of December 2011 Market Performance: The Kuwaiti market closed on a positive note this week. The Price index gained 0.3% closing at 5,814 points while the Weighted index was up 0.9% closing at 405.6 points. Liquidity and activity levels increased during the week. Value traded expanded by 63%. During the week the market traded 573.4 mn shares with a value of KWD119.8mn.

Layla Al-Ammar Assistant Manager +965 2224 8000 ext. 1205 LAmmar@markaz.com Humoud Salah N AL Sabah Assistant Analyst +965 2224 8530 halsabah@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

Sector Performance The Banking index dominated value traded, 38.9% of this week‟s value was derived from activities on the Banking sector followed by Service sector and Real Estate with 27.6% and 12%, respectively. Zain Group attracted 17.4% of the value traded (KWD 20.8mn); the stock closed up 3.4% at KWD 0.900. Commercial Bank of Kuwait was second on the most active list with 17.3% of this week‟s value traded or KWD20.7mn. The stock‟s performance was positive, gaining 3.9% and closing at 790 fils. Loser, winners 146 companies were traded during the week out of which 53 closed positive, 65 were negative and 96 unchanged. First Takaful Insurance was the biggest gainer by booking a return of 78.7% (Prior to this week the company last traded on the 26th of July 2011) and closing at 134 fils; 40,000 shares were traded valued at KWD 5,160. On the other side of the spectrum, Portland Cement was the biggest loser; the stock declined by 12.3% to 710 fils. 2.9mn shares worth KWD 2.15mn were traded during this week Figure 1- Market performance


Kuwait Weekly Update

Research

Figure 2- Sector Indicator


Kuwait Weekly Update

Research

GAINERS First Takaful Insurance Kwt National RE (Al Aqaria) Alargan International RE Alsalam Group Holding Gulf Insurance

29-Dec 134.0 38.0 144.0 104.0 560.0

22-Dec 75.0 30.0 114.0 91.0 510.0

% chg 78.7% 26.7% 26.3% 14.3% 9.8%

LOSERS Portland Cement Warba Insurance Refrigeration Industries & W/H Gulf Investment House Al-Enma'a Real Estate

29-Dec 710.0 118 158 22 96

22-Dec 810 134 178 25 106

% chg -12.3% -11.9% -11.2% -10.2% -9.4%

No. of Companies listed in KSE No. of companies traded Gainers Losers No change Most Active Mobile Telecommunications Commercial Bank of Kuwait National Bank of Kuwait Burgan Bank Alsalam Group Holding Date Sun. 25 Dec Mon. 26 Dec Tue. 27 Dec Wed. 28 Dec Thu. 29 Dec KSE cap-wtd in week % YTD % KSE price-wtd in week % YTD % Volume traded Value traded

214 146 53 65 96 Value KD 20,860,800 20,732,750 10,919,500 6,426,300 4,799,000

Price 900 790 1,120 475 104 Price index 5,802.5 5,801.4 5,790.7 5,786.8 5,814.2 Current week 405.62 0.9% -16.2% 5,814.20 0.3% -16.4% 573,420,000 119,887,100

% chg 3.4% 3.9% 1.8% 2.2% 14.3% Value traded (KD) 25,205,130 19,978,170 21,185,570 22,281,150 31,237,080 Last week 401.90 -1.4% -17.0% 5,794.30 -0.5% -16.7% 601,947,500 73,226,210


Kuwait Weekly Update

Research


Markaz Research Offerings Economics MENA Unrest (Apr-11) Kuwait Development Plan (Mar-11) Kuwait Investment Sector (Sept-10) The New Regulations on Kuwait Investment Sector (Jun-10) Kuwait Capital Market Law (Mar-10) The “Vicious Square” Monetary Policy options for Kuwait (Feb-08) To Leap or To Lag: Choices before GCC Regulators (Apr-07) GCC for Fundamentalists (Dec-06) GCC Leverage Risk (Nov-06)

Sectors GCC GCC GCC GCC GCC GCC

Capital Markets

Infrastructure

Power (2011) Airports (2011) Ports (2011) Water (2011) Roads & Railways (2011) ICT (2011)

MENA Real Estate MENA Market Outlook Kuwait Qatar Syria

KSA Egypt Algeria

Abu Dhabi Lebanon

Periodic Research Real Estate Strategic Research MENA Real Estate Perspectives Weekly Real Estate Market Commentary International Real Estate Market Outlook U.S.A. Banking

Stress Testing Kuwait Banks (May-11) GCC Banks - Done with Provisions? (Jan-10) Shelter in a Storm (Mar-09) Banking Sweet spots (Apr-08) Oil & Gas Diworsification: The GCC Oil Stranglehold (Jan-09) Monthly Regional Petroleum Projects Commentary Daily Oil & Gas Bulletin

Dubai Jordan

Strategic Research KSE 15 Index (Sept-11) How is the GCC preparing for a AA+ World? (Sept-11) GCC Outlook 2H11 (Aug-11) What to expect in 2011 (Jan-11) The Golden Portfolio (Sept-10) Persistence in Performance (Jun-10) What to expect in 2010 (Jan-10) What is left for 2009? (Sept-09) Missing the Rally (Jun-09) This Too Shall Pass (Jan-09) Fishing in Troubled Waters (Dec-08) Down and Out: Saudi Stock Outlook (Oct-08) Mr. GCC Market-Manic Depressive (Sept-08) Global Investment Themes (June-08) To Yield or Not To Yield (May-08) China and India: Too Much Too Fast (Oct-07) A Potential USD 140b Industry: Review of Asset Management Industry in Kuwait (Sep-07) A Gulf Emerging Portfolio: And Why Not? (Jun-07) Derivatives Market in GCC (Mar-07) Managing GCC Volatility (Feb-07) Periodic Research Annual GCC Market Outlook Quarterly Thought Speaks GCC Equity Funds GCC Corporate Earnings GCC Equity Research Statistics Monthly Market Review Weekly MENA Market Intelligence KSE Market Review International Market Update Daily Markaz Daily Morning Brief Markaz Kuwait Watch Daily Fixed Income Update Company Research (See the list attached)


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KSE Market Weekly Review 29122011  

KSE Market Weekly Review 29122011

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