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Kuwait Weekly Update

Research

31 May 2012 Market Performance: The Kuwaiti market closed on a negative note this week The Price index was down -2.3%, closing at 6,193.82 points. The Weighted index lost -1.22%, closing at 404.70. Liquidity levels increased marginal [+3%] during the week. The market traded 1.52bn shares with a value of KWD 120.3mn. Sector Performance Financial Services continues to be the top traded sector this week as well, contributing to 34.2% of the total traded value. Real Estate and Banks followed with 19.1% and 16.9% contributions. Gulf Finance House, closed flat during the week, was the top traded stock with trading value of KWD 14.8mn. Layla Al-Ammar Assistant Manager +965 2224 8281 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

Loser, winners 150 companies were traded during the week out of which 36 closed positive, 106 were negative and 8 unchanged. Kuwait Gypsum Manufacturing and Trading Co was the biggest gainer, increasing 45.1% during the week and closing at 132 fils. On the other side of the spectrum, Securities Group was the biggest loser, with the stock shedding 28.2% to 122 fils. Figure 1- Market Performance


Kuwait Weekly Update

Research

Figure 2- Sector Indicator

40% 35% 30% 25% 20% 15% 10% 5% 0% Value % of Total Volume % of Total

Financial Services 34.2%

Real Estate

Banks

Industrials

19.1%

16.9%

13.7%

Telecommu nications 11.6%

52.3%

18.4%

9.6%

15.8%

2.7%


Kuwait Weekly Update

Research

GAINERS 31-May Kuwait Gypsum Manufacturing and Trading Co132.0 KCSC Al Argan International Real Estate Co KSCC 190.0 Automated Systems Co KSCC 520.0 Wethaq Takaful Insurance Co KCSC 94.0 Yiaco Medical Co KSCC 460.0

24-May 91.0 148.0 445.0 81.0 420.0

% chg 45.1% 28.4% 16.9% 16.0% 9.5%

LOSERS 31-May Securities Group Co KSCC 122 Credit Rating and Collection KSCC 70 Gulf Glass Manufacturing Co KSCC 700 Kuwait Hotels Co KSC 162 Taameer Real Estate Investment Co KSCC 43

24-May 170 95 900 182 54

% chg -28.2% -26.3% -22.2% -21.5% -20.4%

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

Most Active Gulf Finance House BSC Mobile Telecommunications Co KSC Tamdeen Real Estate Co KSCC Ithmaar Bank BSC Kuwait Finance House KSC

Date Sun. 27 May Mon. 28 May Tue. 29 May Wed. 30 May Thu. 31 May

205 150 36 106 8 Value Traded (000 KD) 14,810 10,965 6,937 5,291 5,106

Price 45 700 224 45 750

% chg 0.0% -1.4% -1.8% 7.2% 2.7%

Price index 6,277.2 6,216.0 6,207.6 6,241.4 6,193.8

Value Traded (000 KD) 28,069 19,485 22,558 24,916 25,281

Current week Last week KSE cap-wtd 404.70 409.71 in week % -1.22% 0.06% YTD % -0.23% 1.01% KSE price-wtd 6,193.82 6,339.39 in week % -2.30% -1.40% YTD % 6.53% 9.03% Volume Traded 1,525,541,904 1,467,455,181 Value Traded (000 KD( 120,310 116,687 Note: Top Gainers & Losers is based only on stocks which were traded during the last 2 weeks.


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