Page 1

Kuwait Financial Centre “Markaz” Daily Morning Brief Equity watch M. Cap Indicators (USD Bn) MENA Markets Saudi (TASI) 376 Turkey ISE National 100 217 Kuwait SE WT.INDEX 100 Qatar(QE Index) 98 Abu Dhabi (ADI) 78 Morocco (CAI) 53 Dubai (DFMGI) 48 Egypt (Hermes) 62 Jordan (Amman) 23 Bahrain (BAX) 16 Oman(Muscat SM) 15 Lebanon (BSE) 12 Emerging Markets MSCI EM Index 3,941 MSCI BRIC Index 1,636 Shanghai A Share Index 2,292 SENSEX Index (India) 531 S&P GCC Composite 243 Developed Markets MSCI WORLD Index 32,711 US (S&P 500) 13,448 UK (FTSE) 2,564 Japan (Nikkei 225) 2,134 France (CAC) 1,171 Germany (DAX) 939

*

Last Close

Chg (%)

MTD %

YTD %

2011 P/E Div. % TTM Yield

7,096 67,937 400 8,459 2,589 9,820 1,571 563 4,521 1,074 5,594 1,119

-0.13 0.00 0.22 -0.10 1.01 0.00 1.01 0.30 -0.48 0.10 0.59 0.00

-0.54 10.56 -3 0.84 32.52 -22 0.01 -1.33 -16 -0.29 -3.65 1 1.05 7.75 -12 -1.25 -10.95 -13 1.51 16.10 -17 4.63 47.52 -42 2.13 -2.75 -13 -1.09 -6.05 -20 2.08 -1.78 -16 -0.66 -4.92 -20

13 11 16 9 9 15 11 11 12 8 11 9

4.7 2.5 3.5 4.6 5.9 4.1 4.6 3.3 5.1 5.1 4.6 1.2

960 891 2,228 17,750 96

0.00 0.00 -0.00 0.00 0.09

2.22 2.46 3.92 2.12 -0.36

6.14 1.19 -3.29 14.85 4.33

-21 -26 -22 -25 -8

12 3.0 10 3.5 11 2.6 15 1.4 12* 3.2*

836 1,438 5,795 8,872 3,519 7,215

0.00 0.00 0.00 0.00 0.00 0.00

2.60 2.23 1.46 0.36 3.11 3.50

10.46 14.34 3.99 4.92 11.37 22.31

-10 0 -6 -17 -17 -15

15 15 12 15 12 13

- P/E & Div. Yield for GCC as per Zawya

HSBC/Nasd. Dub GCC $ T.Ret

Country Saudi Arabia Abu-Dhabi Dubai Qatar Oman Bahrain

Current

2011

104.72 105.65 297.23 108.27 169.50 285.28

123.32 124.89 445.00 125.39 246.00 376.66

52-week High Low 342.35 100.00 342.35 98.12 509.90 111.20 342.35 97.65 342.35 111.20 387.62 111.20

Source: Bloomberg, Reuters Eikon

Interest rate watch Inter-bank 3M Int US 3M Deposit rate rates % Rate % Kuwait 0.38 0.42 Saudi 0.61 0.42 UAE 0.25 0.42 Qatar 0.55 0.42 Oman 0.30 0.42 Bahrain 0.40 0.42 Last FOMC Meeting Date: Jul 31-Aug 1

Yield curve watch Libor (In %)

Diff FY11 Diff -0.04 0.04 0.19 -0.08 -0.17 0.03 0.13 0.05 -0.12 0.03 -0.02 -0.17 Next FOMC Mt Date: Sep12-13

US Treasuries

(In %)

2.8 2.5 4.2 2.3 4.0 3.6

KIBOR yield curve (%)

Fixed Income Watch Barclays US treas. 10 Yr JP Morgan Em Bond ETF

10 Sep, 2012

5 – year CDS (USD) watch (bps)

Last 240 119 144

Chg (%) MTD % 0.18 -0.64 0.00 0.44 0.00 0.60

YTD % 3.81 10.03 8.08

2011 231.43 108.36 133.00

2011% 15 2 8

2011

2011%

Commodity/Currency/Volatility Watch Precious Metals Gold $/oz Silver $/oz IPE Brent $/bbl CRB Commodity Index Volatility & Currency CBOE VIX index USD (1 EUR =) Yen (1 USD =) KWD (1 USD =) KWD (1 EUR =)

Close

Chg (%) MTD % YTD %

1,735.89 33.65 114.25 491.65

-0.01 0.00 0.00 0.00

2.67 6.15 -0.28 0.19

10.98 21.13 6.40 2.00

1564.11 27.78 107.38 482.01

10 -10 14 -7

14.38 1.28 78.21 0.2812 0.3594

0.00 0.24 0.04 0.07 0.33

-17.69 -1.60 0.22 0.21 -1.39

-38.55 1.35 -1.65 -1.05 0.31

23.4 1.2955 76.92 0.27825 0.3605

32 -3 -5 -1 -4

Blue chip watch M. Cap Last (USD Companies Bn) Saudi Arabia (SAR) SABIC 73 90.8 Al-Rajhi Bank 30 74.0 Saudi Telecom 21 40.1 Saudi Electricity Co. 15 13.1 Samba Fin. Group 11 46.8 United Arab Emirates (AED) ETISALAT 20 9.5 NBAD 9 8.8 First Gulf Bank 8 9.8 Emirates NBD 5 3.1 Emaar Properties 6 3.4 Kuwait (KWD) 11 0.7 ZAIN 15 1.0 NBK 7 0.7 KFH Gulf Bank 4 0.4 3 0.7 Comm. Bk. Kuwait Qatar (QAR) Industries Qatar 21 137.5 26 133.9 QNB Ezdan Real Est. Co. 16 22.1 9 105.5 Q-TEL Comr’cialBk of Qatar 5 73.0

Pct Chg

% M T D

% P Y 2011 / Div T % E yield D (ttm)

-0.3 -0.3 -0.7 0.4 -1.7

-1.9 0.0 -1.2 -0.8 -2.5

-6 6 19 -6 0

-8 -16 -21 -1 -24

10 14 9 22 10

0.1 4.4 1.7 1.3 1.8

0.2 3.6 2.6 1.3 2.7

5 11 26 4 32

-15 12 -11 7 -28

0.0 0.0 1.5 -1.3 3.0

0.0 -2.0 0.0 -1.3 -4.2

-23 -5 -17 -19 -14

-0.5 0.1 0.4 0.5 -0.5

-0.7 -0.1 8.3 -2.1 0.4

3 -3 0 12 -13

PAT (Mn) 2Q12

% Gr YoY

5.5 4.4 5.0 5.3 3.5

5,303 2,093 2,408 1,360 1,158

-35 14 7 2 5

12 9 8 10 9

6.3 3.4 10.2 6.5 2.9

1,866 1,046 1,017 648 614

17 2 14 -13 146

-41 -14 -16 -11 -14

9 15 26 41 -

9.4 4.1 2.2 0.0 0.0

71 40 22 5 0.1

1 -40 -3 -36 -5

-4 14 -27 -5 -9

10 11 92 11 9

5.5 3.0 0.7 2.5 8.2

2,129 2,112 198 641 546

3 17 91 -11 7

Corporate earnings watch Earnings

Company Name

Type

Country

Currency

PFY

% Ch

6M

Kuwait

KWD(Mn)

-4.55

-2.64

N.M.

12M

Oman

OMR(Mn)

0.98

0.87

12.0

3M

Kuwait

KWD(Mn)

-0.70

N.A.

N.M.

Al Madar Fin & Inv Co Majan College The Securities House Co

LFY

News & Views 

Oil output by the big three Gulf producers saw a net increase of around 400,000 barrels per day (bpd) in August from July as a sharp rise in Kuwaiti output outweighed cuts by Saudi Arabia and the United Arab Emirates (UAE).

Oman's oil ministry awarded MOL Oman Ltd. the right to explore for oil and natural gas in a concession located in the south of the country.

InterContinental Hotels Group PLC has signed an agreement with Dubai-based property developer Select Group to open the InterContinental Dubai Marina.

Al Habtoor Group is looking to raise as much as USD 1.6Bn in an initial public offering on the Nasdaq Dubai bourse next year.

Dubai’s trade sector continues to lead the economic growth of the emirate as the total exports and re-exports of Dubai Chamber’s members hit a record Dh 181Bn mark for the first eight months of the year.

Note: 1 Weekend Details – Saudi Arabia – Thursday & Friday; Turkey, Morocco & Lebanon – Saturday & Sunday; MENA Ex-Saudi Arabia, Turkey, Morocco & Lebanon – Friday & Saturday; US, European & Emerging Markets – Saturday & Sunday. Markaz Research can now be accessed on Bloomberg. Type “MRKZ” <Go>. 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


DMB10092012  

DMB10092012

Advertisement
Read more
Read more
Similar to
Popular now
Just for you