1 JULY 2020 NCBC ON THE MARKETS CLOSING BELLalahlicapital.com › PublishedDocuments › Files ›...

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Saudi Arabia - TASI: The benchmark TASI remained

flat, closing at 7,459.2 points. NCB and Riyad Bank

were up 0.8%. Almarai and SABB were down 0.7%. The

Health Care sector increased 2.3%, while the

Diversified Financials sector declined 1.4%. Market

breadth was negative with 72 stocks up and 117 stocks

down. Turnover stood at SAR 4.53bn.

Saudi Arabia – MT30: The benchmark MSCI Tadawul

30 Index gained 0.2%, closing at 1,016.4 points.

Saudi Arabia – NomuC: The benchmark NomuC

gained 0.1%, closing at 8,095.8 points. Turnover stood

at SAR 11.5mn.

Dubai: The DFM benchmark index gained 0.2%, closing

at 2,065.3 points. Dubai Financial Market was up 2.1%.

Emirates NBD was down 1.4%.

Abu Dhabi: The Abu Dhabi index declined 0.1%,

closing at 4,324.3 points. AD National Energy was up

11.0%. AD Commercial Bank was down 2.3%.

Kuwait: The Kuwait Main Market benchmark gained

2.6%, closing at 5,488.8 points. Humansoft Holding Co

was up 4.5%.

Qatar: The Qatari bourse benchmark gained 0.2%,

closing at 9,371.8 points. Commercial Bank was up

3.6%. Industries Qatar was down 2.2%.

Egypt: The EGX30 benchmark remained flat, closing at

10,572.6 points. Elswedy Electric was up 3.9%. CIB

was down 1.1%.

Oman: The MSM30 benchmark index remained flat,

closing at 3,558.3 points. Oman Telecom was up 0.7%.

Bank Nizwa was down 2.0%.

Bahrain: The Bahrain benchmark index gained 0.6%,

closing at 1,289.2 points. Bahrain Telecom was up

2.8%. GFH Financial Grp was down 1.3%.

`

Bank AlJazira Q2 20 results - Higher provisions drag

earnings: Bank AlJazira (BJAZ) reported a net income

of SAR166mn, in-line with the NCBC and consensus

estimates of SAR169mn and SAR170mn, respectively.

The earnings are down -34.2% yoy (-8.7% qoq). The

earnings decline is primarily attributed to higher

provisioning, which diluted the impact of +10.5% yoy

(+2.7% qoq) increase in total revenue. We estimate cost

of risk to be c1.3% in Q2 20, vs our estimates of 1.2%

and 0.1% in Q2 19. Loan growth of +23.3% yoy (+3.4%

qoq) was the key highlight of the result. (Tadawul, NCBC

Research)

SGH Q2 20 results - Inpatient segment supported the

strong results: Saudi German reported a net income of

SAR16.4mn in Q2 20, in-line with our estimates of

SAR16.5mn. Earnings increased 33.1% yoy, but

declined 22.8% qoq. The yoy growth is primarily driven

by an increase in higher margin inpatient segment, while

the qoq decline reflects the impact of COVID-19

lockdown on outpatient numbers. We believe the

outpatient numbers were severely impacted during the

lockdown period, but recovered quickly in June as the

lockdown eased. (Tadawul, NCBC Research)

Jarir Marketing opens a new showroom in Skaka:

Jarir Marketing Co. announced that they have opened a

new showroom in the city of Skaka, which will raise the

total number of showrooms to 61 (51 are located within

the kingdom). (Tadawul)

Jadwa REIT Saudi distributes SAR0.18 DPS for Q2

20: Jadwa REIT Saudi announced the distribution of

SAR0.18 dividends per share for the Q2 20. The record

date is on August 11 2020 while the distribution date is

yet to be announced. This matches the dividends paid in

Q1 20 and if the fund maintains this amount for the

remainder of the year, based on yesterday’s closing

price, this will give the stock an annualized dividend yield

of 6.0%. (Tadawul)

Market performance MSCI EM vs. MSCI World (last 2 months) Index Close % last %MTD %QTD %YTD

1,800

1,900

2,000

2,100

2,200

2,300

2,400

0

200

400

600

800

1,000

1,200

27-Jul16-Jul7-Jul26-Jun17-Jun8-Jun28-May19-May8-May

MSCI EM (RHS) MSCI World

Saudi - TASI 7,459.2 0.0 3.3 3.3 (11.1)

Saudi - MT30 1,016.4 0.2 1.4 1.4 (14.1)

Saudi - NomuC 8,095.8 0.1 1.0 1.0 12.8

Dubai 2,065.3 0.2 0.0 0.0 (25.3)

Abu Dhabi 4,324.3 (0.1) 0.9 0.9 (14.8)

Kuwait 5,488.8 2.6 (2.1) (2.1) (21.3)

Qatar 9,371.8 0.2 4.1 4.1 (10.1)

Egypt 10,570.2 (0.1) (1.8) (1.8) (24.3)

Oman 3,558.3 0.0 1.2 1.2 (10.6)

Bahrain 1,289.2 0.6 0.9 0.9 (19.9)

Source: Bloomberg Source: Bloomberg

28 JULY 2020

NCBC ON THE MARKETS CLOSING BELL

Market Recap Economy and Business News

CLOSING BELL NCB CAPITAL

28 JULY 2020

2

Regional and global markets statistics

Regional markets Mcap($bn) T/O ($mn) P/E-TTM P/BV DY (%) ROE-TTM(%) ROA-TTM(%)

Saudi - TASI 2,229.9 1,118.1 23.3 1.8 3.5 7.6 1.8

Saudi - Nomu 0.6 48.5 NA - NA 8.8 4.3

Qatar 136.4 44.0 15.5 1.4 4.3 9.3 1.8

Abu Dhabi 168.4 27.5 14.3 1.3 5.9 8.6 1.5

Dubai 60.8 84.0 7.1 0.7 4.7 9.9 2.0

Kuwait 25.2 5.3 21.3 0.7 3.9 3.3 1.0

Bahrain 19.3 2.0 9.8 0.8 5.5 8.1 1.2

Oman 11.2 1.7 10.2 0.8 6.7 7.6 1.1

Egypt 18.9 28.7 10.5 1.4 3.3 13.4 2.5

Source: Bloomberg, NCBC Research

Global equity indices Interest rates

Index value % Chg % YTD P/E 1 month 3month 6month

S&P 500 3,239.4 0.7 0.3 23.8

NASDAQ 10,536.3 1.7 17.4 51.5

FTSE 6,102.3 (0.0) (19.1) 22.2

Nikkei 22,657.4 (0.3) (4.2) 27.7

Singapore 2,583.0 0.3 (19.9) 10.6

Hang Seng 24,772.8 0.7 (12.1) 10.8

KSA (SIBOR) 0.75 0.93 0.98

UAE (AEIBOR) 0.30 0.57 0.70

LIBOR (US$) 0.17 0.25 0.32

US T-BILL (Yield) 0.08 0.10 0.11

KSA Inter-bank deposits 0.80 1.00 1.13

USA-10yr Govt (Yield)

0.60

Source: Bloomberg

Source: Bloomberg

Currencies vs. USD Commodities market Currencies Exchange rate % Chg % YTD Price % Chg % YTD

Saudi Riyal 3.75 0.0 0.0

Japanese Yen 105.19 0.2 3.3

Euro 1.17 (0.2) 4.6

Great British Pound 1.29 0.0 (2.8)

Swiss Franc 0.92 0.3 5.4

Gold 1,933.9 (0.4) 27.5

Nat Gas Spot ($/MMBTU) 1.6 (2.4) (22.0)

Brent ($/bbl) 42.8 (0.8) (35.6)

OPEC Grade ($/bbl) 43.1 (0.6) (36.5)

Copper Futures ($/lb) 289.1 (0.2) 2.5

Source: Bloomberg

Source: Bloomberg

Company events Country Event Date Details

SEDCO REIT Saudi Arabia Record date SAR0.1525 DPS (Q2 20) 05 July 2020

Musharaka REIT Saudi Arabia Record date SAR0.35 DPS (H1 20) 09 July 2020

Yansab Saudi Arabia Record date SAR1.25 DPS (H1 20) 09 July 2020

Amlak International Saudi Arabia Listing and trading announcement 13 July 2020

SIIG Saudi Arabia Payment date of SAR0.5 DPS (H1 20) 14 July 2020

Derayah REIT Saudi Arabia Record date of SAR0.09 DPS (Q2 20) 15 July 2020

Taleem REIT Saudi Arabia Record date SAR0.16 DPS (Q2 19) 19 July 2020

Sulaiman Al Habib Saudi Arabia Payment of dividends (SAR0.5 DPS) 20 July 2020

Mashaar REIT Saudi Arabia Record date SAR0.1 DPS (H1 20) 21 July 2020

MIS Saudi Arabia Record date SAR1.0 DPS (H1 20) 21 July 2020

Advanced Saudi Arabia Payment of dividends (SAR0.65 DPS) 23 July 2020

Source: Mubasher


28 JULY 2020

3

Saudi Arabia - TASI

Market recap: The benchmark TASI remained flat, closing at 7,459.2 points. NCB and Riyad Bank were up 0.8%.

Almarai and SABB were down 0.7%. The Health Care sector increased 2.3%, while the Diversified Financials

sector declined 1.4%. Market breadth was negative with 72 stocks up and 117 stocks down. Turnover stood at

SAR 4.53bn.

TASI intraday

TASI 1-year movement and turnover

7,430

7,435

7,440

7,445

7,450

7,455

7,460

10:00 10:50 11:40 12:30 13:20 14:10

4,000

5,000

6,000

7,000

8,000

9,000

10,000

0

50

100

150

200

250

300

Jul-20Apr-20Feb-20Nov-19Aug-19

Turnover (RHS) TASI



Top gainers Top losers Most active

Company Close %Chg T/O Company Close %Chg T/O Company Close %Chg T/O

Mouwasat 109.00 5.2 3.5

Wataniya Insurance 32.75 4.5 23.9

Anaam Holding 180.20 4.4 22.9

Al-Hammadi 25.90 3.2 5.2

Tihama 23.30 (3.9) 9.2

AICC 13.40 (3.6) 3.5

SAIC 13.52 (2.9) 7.1

Zamil Ind. 16.26 (2.5) 1.7

Salama Insurance 14.08 (2.5) 1.4

Al Rajhi Bank 58.90 (0.2) 89.9

Seera 16.72 1.8 60.8

Bank Al-Jazira 11.98 (2.4) 41.1

Amlak 20.40 0.7 36.3

Saudi Aramco 33.00 0.2 30.8

Source: Bloomberg, NCBC Research Source: Bloomberg, NCBC Research Source: Bloomberg, NCBC Research

All Close values are in SR unless specified otherwise, T/O in $ million

Performance and valuation of market heavyweights

Close T/O MCap Price change TTM (%) Valuation (x) DY

Company (SR) ($mn) ($mn) %Last %MTD %YTD ROE ROA P/E-TTM PBV (%)

Saudi Aramco 33.00 30.8 1,760,000 0.2 1.5 (6.4) 32.2 22.1 15.8 6.4 1.3

SABIC 88.90 21.2 71,120 0.5 0.9 (5.3) 0.7 1.8 219.4 1.6 4.9

STC 97.20 14.0 51,840 0.1 (1.8) (4.5) 17.1 9.0 18.2 3.1 4.1

Al Rajhi 58.90 89.9 39,267 (0.2) 4.1 (9.9) 19.3 2.6 15.1 2.8 5.1

NCB 36.30 20.0 29,040 0.8 (2.6) (26.3) 18.8 2.2 10.4 1.9 6.3

Saudi Electricity 15.68 11.7 17,422 0.0 0.4 (22.5) 0.6 0.3 159.9 0.9 4.5

SAMBA 25.80 9.5 13,760 (0.4) (3.9) (20.5) 9.6 1.6 12.0 1.2 5.5

Riyad Bank 16.94 4.1 13,552 0.8 0.5 (29.4) 14.8 2.1 9.9 1.3 0.0

SABB 24.24 2.9 13,282 (0.7) 6.4 (30.1) 6.1 1.1 14.0 0.9 5.0

Ma'aden 36.15 5.0 11,863 0.4 3.9 (18.6) (4.0) (0.8) NA 1.5 0.0


Top 5 stocks rising for 3 consecutive days

Top 5 stocks losing for 3 consecutive days

26-Jul 27-Jul 28-Jul 27-Jun

Southern Cement 63.4 64.0 64.5 57.9

Wataniya Insurance 31.0 31.4 32.8 30.3

Mouwasat 102.0 103.6 109.0 101.6

Eastern Cement 32.7 33.2 34.1 31.8

Arabian Cement 28.4 28.5 29.3 27.7


Aslak 21.1 20.9 20.4 21.2

Jabal Omar 27.2 26.6 26.5 27.5

Al Sagr Ins. 9.6 9.6 9.4 9.7

SPM 39.7 39.6 39.3 40.4

NCLE 49.8 49.4 48.7 49.9

.


.



28 JULY 2020

4

Companies touching a new 52-week high*

Companies touching a new 52-week low*

Close

Intra-day

high %chg

T/O

($mn)

Mouwasat 109.0 109.2 5.2 3.5

Axa Insurance 38.8 40.2 (1.8) 3.7

Wataniya Insurance 32.8 33.7 4.5 23.9

Close

Intra-day

low %chg

T/O

($mn)

.

Source: Bloomberg, NCBC Research * List includes top 5 companies by market cap who have crossed 52-week high today

.

Source: Bloomberg, NCBC Research * List includes top 5 companies by market cap who have crossed 52-week low today

Sector performance – today

Market volume and number of trades

2.3

1.8

1.00.6 0.5 0.5 0.4 0.4 0.3 0.2 0.1 0.1 0.0

-0.1 -0.1-0.4

-0.8 -0.8 -0.8 -0.9

-1.4-2.0

-1.5

-1.0

-0.5

0.0

0.5

1.0

1.5

2.0

2.5

He

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Co

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Insu

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En

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itie

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Ca

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Fo

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& B

eve

rag

Div

ers

ifie

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ina

nci

als

-

50

100

150

200

250

300

350

400

450

0

50

100

150

200

250

300

350

400

450

28-Jul27-Jul26-Jul23-Jul22-Jul21-Jul20-Jul19-Jul

Volume (LHS) No. of trades

(mn)



Saudi indices – performance and valuation

Index No. of Turnover Mkt cap Free float Change (%) TTM (%) Valuation (x)

Index value Cos (SR mn) (SR mn) Wt (%) Last YTD ROE ROA PBV P/E TTM

TASI 7,459 201 4,176 8,362,388 100.0 0.0 (11.1) 7.6 1.8 1.8 23.3

Energy 5,035 5 283 6,629,629 12.8 0.1 (7.5) 20.5 9.5 4.5 21.0 Materials 4,681 41 848 497,696 20.6 0.3 (9.4) 0.8 0.4 1.5 89.6

Capital Goods 4,123 11 85 9,698 0.7 (0.8) (4.8) (6.2) (2.3) 1.5 -

Commercial & Prof. 3,954 3 108 9,449 0.6 1.8 (17.1) 27.2 12.4 4.4 15.5

Transportation 3,940 5 129 11,499 0.8 1.0 (10.3) 6.6 3.4 1.7 25.2

Consumer Durables 3,663 6 115 4,066 0.3 0.4 4.5 (5.9) (3.1) 1.7 -

Consumer Services 3,549 10 299 17,107 1.0 0.5 (10.4) 14.2 8.0 1.2 9.0 Media 7,256 2 48 4,983 0.2 (0.8) (22.8) 14.5 3.3 3.7 26.4

Retailing 6,945 11 117 29,521 3.1 0.4 (9.8) 19.0 5.8 5.5 147.3

Food & Staples 9,556 3 63 12,226 0.7 (0.8) 44.4 16.6 4.7 6.7 -

Food & Beverages 5,326 12 171 93,123 4.5 (0.9) 22.3 7.9 2.9 3.2 43.2 Health Care Equipment 4,608 7 172 51,895 3.0 2.3 23.5 10.6 5.1 3.3 31.1

Pharma 4,136 1 16 3,762 0.2 0.6 15.0 (20.6) (8.2) 2.2 -

Banks 6,476 11 892 540,458 35.3 (0.1) (20.1) 11.6 1.7 1.5 12.9

Diversified Financials 3,283 4 44 27,672 0.3 (1.4) (0.6) 0.8 0.5 1.0 121.7 Insurance 5,068 31 348 44,014 2.5 0.2 12.3 4.6 1.7 2.6 56.5 Telecom 6,363 3 110 222,320 7.3 0.1 (1.7) 11.1 4.4 2.4 22.0

Utilities 3,471 2 49 67,485 1.4 (0.1) (21.1) 0.7 0.1 1.0 131.4 REITs 3,807 17 33 12,086 0.8 0.5 (9.3) 4.5 3.6 0.9 20.6

Real Estate 2,666 11 247 73,699 4.6 (0.4) (14.9) 0.1 0.1 1.3 1,185.9

Source: Bloomberg, NCBC Research * Aggregate P/E calculation considers companies whose earnings data is negative; # - based on latest available book value


28 JULY 2020

5

Saudi Arabia - Nomu Market recap: The benchmark NomuC gained 0.1%, closing at 8,095.8 points. Turnover stood at SAR 11.5mn.

Nomu intraday

Nomu 1-year movement and turnover

7980

8000

8020

8040

8060

8080

8100

8120

8140

10:10 11:00 11:30 12:20 13:00 13:30 14:00 14:30

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

-

100

200

300

400

500

600

700

800


Turnover (RHS) Nomu





Sumou 47.0 1.0 1.2

DWF 59.5 0.2 0.1

Al-Samaani 69.5 (0.4) 1.8

Al-Samaani 69.5 (0.4) 1.8

Sumou 47.0 1.0 1.2

DWF 59.5 0.2 0.1

NBM 227.8 0.0 0.0


All Close values are in AED unless specified otherwise, T/O in $ million

Performance and valuation

Close T/O MCap Price change (%) Valuation (x) DY

Company (SR) ($mn) ($mn) %Last %MTD %YTD ROE ROA P/BV P/E (%)

NBM 227.8 0.00 364 0.0 6.0 (18.4) 4.8 3.1 10.2 216.2

Sumou 47.0 1.14 313 1.0 1.6

11.8

0.2

Al-Samaani 69.5 1.78 46 (0.4) 1.6 (14.1) (5.5) (4.6) 5.3

0.4

DWF 59.5 0.15 40 0.2 2.9 (24.6) 24.1 5.9 1.9 11.5






Al-Samaani 71.00 69.80 69.50 73.90

.


.



28 JULY 2020

6

Saudi equities fact sheet


TASI Close T/O Mkt cap FF Price change TTM (%) Valuation (x) Div yld

Code Company Name (SR) (SR mn) (SR mn) wt(%) % last % YTD ROE ROA P/E P/BV (%)

Energy

2222 Saudi Arabian Oil Co 33.0 116 6,600,000 10.8 0.2 (6.4) 32.2 22.1 15.8 6.4 4.3

4030 National Shipping Co Of/The 37.9 82.7 14,923 1.0 (0.1) (5.3) 16.6 7.6 9.5 1.5 2.6

2380 Rabigh Refining And Petroche 12.8 53.2 11,178 0.3 (1.7) (41.1) (27.2) (3.6)

1.4 -

4200 Aldrees Petroleum And Transp 58.8 22.9 3,528 0.3 0.3 (5.9) 39.1 7.9 12.2 4.3 2.6

2030 Saudi Arabia Refineries Co 36.8 9.1 551 0.0 (0.9) (17.8) 4.4 4.3 31.9 1.7 2.7

Materials

2010 Saudi Basic Industries Corp 88.9 79.4 266,700 7.2 0.5 (5.3) 0.7 0.4 219.4 1.6 3.4

1211 Saudi Arabian Mining Co 36.2 18.8 44,486 1.3 0.4 (18.6) (4.0) (1.2)

1.5 -

2020 Saudi Arabian Fertilizer Co 78.0 8.5 32,500 1.4 0.9 0.6 19.1 14.6 22.9 4.3 2.6

2290 Yanbu National Petrochemical 51.8 9.5 29,138 1.1 0.8 (7.3) 3.5 3.0 54.3 2.0 4.8

2350 Saudi Kayan Petrochemical Co 8.1 19.2 12,195 0.7 (0.4) (26.8) (7.4) (3.1) - 0.9 -

2002 National Petrochemical Co 24.1 3.8 11,568 0.3 (0.3) 1.5 2.1 0.9 69.5 1.5 2.1

2330 Advanced Petrochemicals Co 51.5 13.3 11,148 1.0 (0.4) 4.3 22.7 16.4 16.8 3.8 5.0

2310 Sahara International Petroch 14.6 14.7 10,677 0.9 (0.3) (18.9) (1.3) (0.7) - 0.8 8.2

3050 Southern Province Cement Co 64.5 35.7 9,030 0.4 0.8 0.2 15.5 12.2 17.2 2.6 7.0

3030 Saudi Cement 56.0 26.6 8,568 0.7 (0.7) (20.1) 16.1 11.4 18.4 3.0 5.4

2250 Saudi Ind Investment Group 18.3 31.4 8,226 0.7 1.0 (23.8) 3.7 1.1

1.2 5.5

2060 National Industrialization C 10.3 44.5 6,903 0.6 (0.8) (24.6) (21.2) (6.4) - 0.9 -

3040 Qassim Cement/The 65.9 11.8 5,931 0.4 (1.3) (0.3) 23.8 20.8 14.3 3.3 6.1

3060 Yanbu Cement Co 30.7 56.2 4,835 0.4 0.2 (19.5) 8.5 7.4 17.8 1.5 6.5

3020 Yamama Cement Co 23.6 24.1 4,787 0.4 1.4 (8.7) 8.6 5.4 15.8 1.3 2.1

3003 City Cement Co 17.0 19.0 3,220 0.3 (0.9) (4.9) 9.3 9.0 15.3 1.4 -

3010 Arabian Cement 29.3 61.5 2,930 0.3 3.0 (20.4) 7.5 5.9 15.6 1.0 6.8

3080 Eastern Province Cement Co 34.1 32.6 2,928 0.2 2.7 (5.4) 9.3 8.1 13.3 1.2 4.4

3002 Najran Cement Co 11.8 39.3 1,999 0.2 0.3 (1.7) 4.4 3.4 16.2 1.0 -

2170 Alujain Holding 26.7 0.0 1,848

0.0 (11.0) 13.7 13.5 9.7 1.2 -

3004 Northern Region Cement Co 10.1 11.3 1,811 0.2 (0.6) (15.0) 4.9 3.2 17.5 0.8 -

3005 Umm Al-Qura Cement Co 23.6 43.9 1,299 0.1 0.1 6.9 15.4 7.5 13.5 1.9 2.1

3091 Al Jouf Cement 9.1 25.2 1,298 0.1 (0.2) (5.1) 1.2 0.8 61.4 0.8 -

3001 Hail Cement 13.1 26.9 1,286 0.1 1.4 7.7 9.4 7.6 12.7 1.1 -

3090 Tabuk Cement Co 13.2 20.5 1,192 0.1 (0.2) (16.2) 4.2 2.7 23.9 1.0 -

2240 Zamil Industrial Investment 16.3 6.3 976 0.1 (2.5) (10.5) (9.2) (2.1) - 0.8 -

1304 Al Yamamah Steel Industries 19.0 8.5 965 0.1 (0.4) 0.5 0.6 0.3 261.8 1.6 -

2001 Methanol Chemicals Co 7.5 7.1 908 0.1 (0.8) (9.8) (10.4) (5.6)

0.9 -

1301 United Wire Factories Compan 20.4 5.4 897 0.1 (2.1) 17.7 6.2 5.5 26.8 1.6 2.4

1320 Saudi Steel Pipe Co 17.2 2.4 875 0.0 (0.9) (17.0) (8.4) (4.1)

1.7 -

3007 Zahrat Al Waha For Trading C 52.3 5.2 785 0.0 0.2 11.3 27.6 12.7 13.8 3.3 2.9

1201 Takween Advanced Industries 8.0 6.2 757 0.0 (0.9) (0.4) (12.8) (3.8)

1.3 -

1202 Middle East Paper Co 14.5 1.9 725 0.1 (0.7) 1.4 0.6 0.3 159.8 1.0 -

2150 National Co For Glass In/The 21.4 19.5 704 0.0 (2.3) 21.2 (5.1) (4.1)

1.2 -

1210 Basic Chemical Industries 24.4 11.4 671 0.1 1.8 1.8 8.7 6.0 14.7 1.3 -

2090 National Gypsum 17.0 25.2 538 0.0 (2.0) 25.2 6.0 5.7 16.7 1.2 2.1

2200 Arabian Pipes Co 12.5 9.8 501 0.0 (0.2) (1.9) 0.7 0.3 134.0 1.0 4.0

2180 Filing & Packing Materials M 42.9 12.7 493 0.0 (0.9) 48.3 (10.2) (5.3) - 3.4 -

2210 Nama Chemicals Co 20.2 5.7 476 0.0 (0.4) (14.3) (1.3) (0.3)

1.8 -

2220 Maadaniyah 16.5 8.5 464 0.0 (1.7) 8.1 (21.5) (14.3)

1.5 -

3008 Al Kathiri Holding Co 101.0 8.2 457 0.0 (1.0) (23.5) 22.4 13.3 29.6 6.1 -

2300 Saudi Paper Manufacturing Co 39.3 26.4 362 0.0 (0.8) 54.7 (43.5) (5.0)

4.9 -

Capital Goods

2040 Saudi Ceramic Co 37.6 6.1 2,256 0.2 (1.3) 3.7 3.0 1.4 34.3 1.6 -

1212 Astra Industrial Group 20.5 5.8 1,643 0.1 0.8 33.6 4.8 1.9 29.5 1.3 -

2320 Al Babtain Power & Telecommu 24.0 6.1 1,023 0.1 (0.7) (11.1) 10.1 4.1 12.7 1.3 4.2

2140 Al-Ahsa Development Co. 12.7 7.3 936 0.1 (1.4) 13.0 2.1 1.3 51.3 1.2 -

1302 Bawan Co 13.8 5.8 830 0.1 (1.0) (13.8) 4.2 1.1 31.6 1.3 -

2360 Saudi Vitrified Clay Pipe Co 45.8 16.2 686 0.0 (1.7) (13.4) 4.3 3.7 54.5 2.4 2.2

1303 Electrical Industries Co 15.1 1.8 678 0.1 0.0 (3.8) (6.1) (3.4)

1.2 -

2110 Saudi Cable Co 14.0 10.2 505 0.0 (1.0) (24.6) (34.0) (5.2) - 1.7 -

4140 Saudi Industrial Export Co 59.5 7.5 386 0.0 (1.0) (9.0) (6.9) (6.0) - 7.2 -

2160 Saudi Arabian Amiantit Co 11.1 12.0 384 0.0 (0.7) (27.3) (104.4) (17.1) - 1.8 -

2370 Middle East Specialized Cabl 9.3 6.0 370 0.0 (0.2) (2.1) (3.7) (2.0) - 1.0 -



28 JULY 2020

7




Commercial & Professional Svc

6004 Saudi Airlines Catering Co 82.3 81.4 6,749 0.4 2.9 (19.9) 30.2 13.6 17.9 5.6 6.8

1831 Maharah Human Resources Co 72.0 22.1 2,700 0.2 0.4 (16.4) 54.6 25.1 9.8 5.1 4.4

4270 Saudi Printing & Packaging C 14.5 4.0 870 0.0 (1.4) 11.7 (4.3) (1.7)

1.2

Transportation

4031 Saudi Ground Services Co 29.2 99.5 5,490 0.2 3.2 (16.8) 9.1 6.2 20.4 1.9 -

4260 United International Transpo 32.3 8.4 2,295 0.2 0.5 (11.6) 14.1 11.2 14.2 1.9 3.1

4040 Saudi Public Transport Co 15.5 7.3 1,938 0.1 0.0 (13.8) 0.4 0.2 269.5 1.2 -

2190 Saudi Industrial Services Co 21.8 5.5 1,777 0.2 (0.5) 11.1 5.5 2.2 29.3 1.6 2.8

4110 Batic Investments And Logist 25.1 8.6 752 0.1 0.5 (14.1) 0.5 0.3 375.6 2.0 -

Consumer Durables & Apparel

4012 Alaseel Co 54.6 3.2 1,638 0.1 (0.2) 25.2 15.8 14.0 19.2 3.2 3.7

2340 Alabdullatif Industrial Inv 10.8 10.8 874 0.0 (0.2) (10.9) (2.0) (1.7)

0.8 -

4180 Fitaihi Holding Group 11.2 26.0 617 0.0 2.2 (2.4) (2.8) (2.6)

1.1 -

4011 L'Azurde Co For Jewelry 13.2 28.1 569 0.0 0.8 (22.0) (7.2) (1.5)

1.4 -

2130 Saudi Industrial Development 9.2 43.3 367 0.0 1.1 12.0 (19.8) (14.4)

1.8 -

1213 Naseej International Trading 13.0 3.6 232 0.0 (0.2) (24.0) (86.2) (16.4)

2.0 -

Consumer Services

1810 Seera Group Holding 16.7 227.9 5,016.0 0.4 1.8 (23.7) 19.8 14.7 4.0 0.7 -

1830 Leejam Sports Co Jsc 57.9 9.4 3,033.0 0.1 (0.3) (28.6) 25.4 6.9 17.6 4.2 3.4

6002 Herfy Food Services Co 44.5 5.5 2,878.3 0.1 (0.1) (17.1) 17.2 8.4 16.6 2.8 4.9

4010 Dur Hospitality Co 26.2 18.4 2,620.0 0.2 0.8 12.0 3.1 1.6 49.0 1.5 1.9

4291 National Co For Learning & E 48.7 6.9 2,092.0 0.1 (1.5) 70.1 10.6 8.2 38.9 3.5 1.6

4292 Ataa Educational Co 36.7 4.9 1,468.0 0.1 (0.8) 24.2 11.7 7.3 17.5 2.0 2.7

1820 Abdul Mohsen Al-Hokair Touri 14.4 6.0 792.0 0.0 (1.0) (9.0) (21.9) (3.3)

1.8 -

4290 Al Khaleej Training And Educ 15.0 1.2 673.2 0.0 0.4 7.8 9.9 3.7 11.9 1.1 1.7

6012 Raydan Food Co 19.9 18.4 447.3 0.0 (3.1) 13.0 (1.7) (1.2)

1.6 -

Media

4210 Saudi Research And Marketing 58.7 13.8 4,696.0 0.4 (0.5) (24.5) 19.2 3.9 20.4 3.6 -

4070 Tihama Advertising & Public 23.3 34.6 286.8 0.0 (3.9) 6.7 (51.5) (12.5) - 7.7 -

Retailing

4190 Jarir Marketing Co 151.2 31.9 18,144 1.5 0.8 (8.7) 62.3 26.1 17.4 11.1 4.5

4240 Fawaz Abdulaziz Alhokair & C 19.1 28.2 4,019 0.2 (1.9) (25.2) (32.1) (7.8) - 2.5 -

4003 United Electronics Co 57.0 22.6 3,420 0.3 1.1 (8.7) 33.6 6.9 14.9 5.2 3.5

4008 Saudi Co For Hardware Llc 44.8 6.3 1,613 0.1 (0.2) (14.0) 9.6 3.3 24.5 2.9 -

4050 Sasco 26.4 5.9 1,581 0.1 0.6 (10.5) 15.6 5.1 13.1 1.8 1.9

1214 Al-Hassan G.I. Shaker Co 11.8 5.7 743 0.1 (2.2) 8.5 (3.8) (1.5) - 1.2 -

4191 Abdullah Saad Mohammed Abo M 19.5 15.9 391 0.0 (1.4) 1.9 6.3 4.2 24.4 1.7 2.6

Food & Staples Retailing

4001 Abdullah Al Othaim Markets 118.4 15.8 10,656 0.9 (1.0) 45.3 24.5 7.3 27.8 7.4 2.5

4006 Saudi Marketing Co 25.1 47.5 1,127 0.0 0.7 56.8 3.6 0.9 54.3 1.9 -

4061 Anaam International Holding 180.2 0.0 270 0.0 4.4 8.6 (150.7) (60.9) - 17.7 -

4160 Thimar 17.2 0.0 172

0.0 0.0 (10.0) (6.2) - 1.6 -

Food & Beverages

2280 Almarai Co 53.6 10.2 53,600 2.2 (0.7) 8.3 13.4 5.8 27.4 3.7 1.6

2050 Savola 46.5 29.8 24,830 2.1 (1.0) 35.4 8.7 2.3 38.8 3.3 0.6

2270 Saudia Dairy & Foodstuff Co 178.0 4.1 5,785 0.3 (0.9) 24.5 20.0 12.9 20.4 4.0 2.8

6010 The National Agriculture Dev 30.3 6.8 3,080 0.2 (0.8) 31.7 1.0 0.4 225.1 2.1 -

6001 Halwani Bros Co 63.0 20.9 1,980 0.1 (2.3) 79.5 5.7 2.6 72.6 4.0 1.6

6070 Al Jouf Agriculture Developm 29.5 6.9 884 0.1 (1.3) 31.5 (3.1) (2.5) - 1.4 3.4

6090 Jazan Energy And Development 12.7 7.8 635 0.1 (0.9) 8.5 (0.5) (0.5) - 1.2 -

6060 Ash-Sharqiyah Development Co 70.0 48.0 525 0.0 (1.1) 36.2 (37.7) (30.7)

3.6 -

6050 Saudi Fisheries 22.5 0.0 520 0.0 (0.2) (3.7) (59.9) (16.8) - 12.0 -

6040 Tabuk Agricultural Developme 18.5 7.5 448 0.0 (1.1) 7.1 (45.7) (32.3) - 1.6 -

2100 Wafrah For Industry And Deve 55.4 28.7 428 0.0 (2.5) 55.1 (26.4) (13.4)

5.5 -

6020 Al Gassim Investment Holding 13.6 0.0 409 0.0 0.0 22.3 (7.6) (5.0)

1.4 -

Health Care Equipment & Svc

4013 Dr Sulaiman Al Habib Medical 88.0 49.6 30,800 0.7 0.6

19.6 10.7 34.9 6.6 0.6

4002 Mouwasat Medical Services Co 109.0 13.3 10,900 0.6 5.2 23.9 21.7 12.1 25.9 5.3 1.8

4004 Dallah Healthcare Co 54.0 12.5 4,050 0.1 1.9 15.4 8.4 4.5 29.5 2.7 2.6

4007 Al Hammadi Co For Developmen 25.9 19.4 3,108 0.2 3.2 23.1 6.1 3.6 32.8 2.0 -

4009 Middle East Healthcare Co 33.0 36.9 3,037 0.1 1.4 11.1 6.9 3.3 28.1 2.0 -

2230 Saudi Chemical Co Holding 25.0 17.1 2,108 0.2 (0.4) 4.3 2.0 0.7 60.1 1.3

4005 National Medical Care Co 45.7 23.1 2,050 0.1 0.7 (6.0) 8.0 5.9 24.6 1.9 4.4

Pharma, Biotech & Life Science

2070 Saudi Pharmaceutical Industr 31.4 15.6 3,762 0.3 0.6 15.0 (16.9) (7.9)

2.2 3.2



28 JULY 2020

8




Banks

1120 Al Rajhi Bank 58.9 337.0 147,250 12.2 (0.2) (9.9) 19.3 2.5 15.1 2.8 5.1

1180 National Commercial Bank 36.3 75.0 108,900 4.4 0.8 (26.3) 18.8 2.3 10.4 1.9 6.6

1090 Samba Financial Group 25.8 35.5 51,600 2.6 (0.4) (20.5) 9.6 1.7 12.0 1.2 5.4

1010 Riyad Bank 16.9 15.6 50,820 2.8 0.8 (29.4) 14.8 2.2 9.9 1.3 6.5

1060 Saudi British Bank 24.2 11.0 49,808 2.9 (0.7) (30.1) 6.1 1.3 14.0 0.9 5.0

1050 Banque Saudi Fransi 30.2 17.2 36,342 3.0 (0.2) (20.4) 7.6 1.3 14.4 1.1 6.6

1150 Alinma Bank 14.7 96.5 29,320 2.4 (0.1) (22.9) 10.5 1.7 12.8 1.3 -

1080 Arab National Bank 19.4 10.5 29,100 1.4 (0.1) (29.2) 10.7 1.6 10.0 1.1 5.2

1140 Bank Albilad 23.5 0.0 17,640 1.3 (0.4) (12.6) 13.8 1.5 14.1 1.8 4.3

1030 Saudi Investment Bank/The 13.1 2.7 9,855 0.5 (0.2) (27.2) (0.1) 0.1 16.1 0.8 -

1020 Bank Al-Jazira 12.0 154.2 9,824 0.9 (2.4) (20.3) 8.1 1.1 11.6 0.8 5.0

1182 Amlak International For Real 20.4 136.3 1,848 - 0.7 - - - - 1.6 3.7

Diversified Financials

4280 Kingdom Holding Co 6.8 0.6 25,274 0.1 (0.9) (9.7) 0.7 0.4 124.1 1.0 7.3

4080 Aseer Trading Tourism & Manu 11.2 8.8 1,421 0.1 (0.9) 23.8 (2.5) (1.1) - 1.1 -

2120 Saudi Advanced Industries 13.5 26.5 676 0.1 (2.9) (1.7) 4.1 4.1 20.5 0.9 -

4130 Al-Baha Development & Invest 17.0 7.6 301 0.0 (1.7) (1.3) (3.1) (1.4) - 2.2 -

Insurance

8210 Bupa Arabia For Cooperative 119.4 10.6 14,328 0.8 0.3 16.6 21.4 6.8 23.1 4.6 -

8010 Co For Cooperative Insurance 81.5 14.7 10,188 0.6 1.2 6.3 16.0 3.0 28.0 4.0 -

8230 Al Rajhi Co For Co-Operative 71.8 9.6 2,872 0.2 0.1 13.1 14.3 3.7 24.6 3.3 -

8250 Axa Cooperative Insurance 38.8 13.9 1,940 0.1 (1.8) 45.9 14.2 3.5 21.8 2.8 1.8

8030 Mediterranean & Gulf Insuran 23.0 14.9 1,840 0.1 (0.6) 43.9 0.6 0.1 490.9 2.7 -

8020 Malath Insurance 14.3 15.5 715 0.1 0.7 42.1 0.4 0.1 450.8 1.6 -

8280 Al Alamiya Cooperative Insur 17.8 18.2 713 0.0 (0.4) (4.1) 2.7 1.3 66.3 1.7 -

8060 Walaa Cooperative Insurance 17.9 14.5 1,157 0.1 0.3 7.2 (0.8) (0.2) - 1.5 -

8012 Aljazira Takaful Ta'Awuni Co 18.1 10.2 632 0.0 0.0 1.8 10.0 4.0 14.9 1.4 -

8200 Saudi Re For Cooperative Rei 9.1 8.1 734 0.1 (1.7) (2.6) 3.6 1.1 23.5 0.8 -

8040 Allianz Saudi Fransi Coopera 17.1 31.0 564 0.0 1.9 7.3 2.7 2.4 74.4 2.0 -

8270 Buruj Cooperative Insurance 17.7 2.7 530 0.0 (0.3) (8.1) (6.1) (2.8) - 1.3 -

8150 Allied Cooperative Insurance 24.2 9.3 484 0.0 0.1 28.7 1.2 1.1 232.9 3.4 -

8240 Chubb Arabia Cooperative Ins 23.8 5.5 476 0.0 (0.7) 2.6 7.7 7.2 19.6 1.5 -

8170 Al-Etihad Cooperative Insura 16.0 1.5 640 0.1 0.1 8.8 11.5 4.0 11.9 1.3 -

8080 Sabb Takaful 22.8 5.4 775 0.0 (1.2) 38.2 (11.1) (4.2) - 2.5 -

8130 Alahli Takaful Co 24.8 3.6 413 0.0 (0.4) (1.8) 2.6 2.4 65.2 1.7 -

8312 Alinma Tokio Marine 13.4 6.2 401 0.0 (1.2) 7.2 (19.5) (17.2) - 2.1 -

8160 Arabia Insurance Cooperative 13.4 13.1 355 0.0 (3.6) (24.4) (16.2) (11.9) - 1.7 -

8070 Arabian Shield Cooperative 17.1 3.6 514 0.0 (0.2) (1.2) 2.8 2.4 43.0 1.2 -

8300 Wataniya Insurance Co 32.8 89.6 655 0.0 4.5 79.0 1.8 1.7 146.0 2.6 -

8180 Al Sagr Co-Operative Insuran 9.4 4.4 375 0.0 (2.1) (7.0) (27.5) (21.6) - 1.1 -

8310 Amana Cooperative Insurance 12.7 11.4 305 0.0 (0.5) 5.5 - - - 1.9 -

8311 Saudi Enaya Cooperative Insu 20.1 6.0 302 0.0 (1.0) (15.5) (52.6) (36.4) - 2.2 -

8190 United Co-Operative Assuranc 9.9 0.0 395 0.0 (0.2) 8.5 2.5 2.3 44.8 1.1 -

8050 Salama Cooperative Insurance 14.1 5.4 352 0.0 (2.5) 17.3 (32.9) (28.6) - 2.0 -

8100 Saudi Arabian Coop Ins Co 11.7 5.4 350 0.0 (0.2) (2.3) (7.5) (6.9) - 1.2 -

8260 Gulf General Cooperative Ins 12.3 4.3 245 0.0 (1.0) (0.3) (5.1) (4.7) - 1.6 -

8290 Solidarity Saudi Takaful Co 13.5 6.1 338 0.0 (1.5) 9.0 (6.7) (4.0) - 1.6 -

8120 Gulf Union Cooperative Insur 14.1 2.1 212 0.0 (0.1) 9.3 1.3 1.2 126.6 1.6 -

8140 Al-Ahlia Cooperative Insuran 9.7 1.2 120 0.0 1.1 (13.5) (10.5) (4.8) - 1.7 -

8110 Wafa Insurance 9.5 0.0 95 - 0.0 0.0 - (269.9) - - -

Software & Services

7200 Al Moammar Information Syste 55.4 7.0 1,108 0.1 0.0 56.0 34.9 8.3 11.9 4.3 1.8

7201 Arab Sea Information Systems 54.0 104.0 540 0.0 0.2 145.7 16.0 14.6 24.2 3.6 -

Telecommunication Services

7010 Saudi Telecom Co 97.2 52.6 194,400 5.3 0.1 (4.5) 17.1 9.4 18.2 3.1 4.1

7020 Etihad Etisalat Co 27.4 24.7 21,060 1.6 0.2 9.4 1.7 0.6 86.1 1.5 -

7030 Mobile Telecommunications Co 11.3 33.2 6,608 0.3 (0.4) (3.6) 9.7 1.4 17.0 1.6 -

7040 Etihad Atheeb Telecommunicat 11.1 0.0 253 - 0.0 0.0 (38.4) (4.7) - 1.7 -

Utilities

5110 Saudi Electricity Co 15.7 44.0 65,332 1.5 0.0 (22.5) 0.6 0.1 159.9 0.9 4.5

2080 National Gas & Industrializa 28.7 5.5 2,153 0.2 (0.5) (7.1) 2.5 1.8 51.3 1.4 - Source: Bloomberg, NCBC Research


28 JULY 2020

9




REITs

4342 Jadwa Reit Saudi Fund 12.2 1.5 1,928 0.2 1.2 8.9 - - 25.1 1.3 5.9

4340 Al Rajhi Reit 8.9 1.4 1,434 0.1 (0.1) (8.3) - - 23.6 0.9 4.7

4330 Riyad Reit Fund 8.0 2.3 1,365 0.1 1.0 (8.7) 4.3 3.4 19.3 0.8 6.3

4347 Bonyan Reit 8.4 0.3 1,360 0.0 0.1 (15.1) - - 15.4 0.9 2.9

4338 Alahli Reit Fund 1 9.1 0.8 1,250 0.0 0.4 (4.3) - - 30.9 0.9 7.2

4339 Derayah Reit 9.7 2.2 1,039 0.1 0.6 (8.0) - - - 1.0 3.7

4345 Swicorp Wabel Reit 6.2 1.1 736 0.0 0.2 (24.1) - - 12.4 0.6 6.9

4335 Musharaka Reit Fund 8.1 3.3 711 0.1 0.4 (14.9) 4.6 3.4 17.6 0.8 4.3

4333 Taleem Reit 11.9 0.3 609 0.0 1.0 (4.3) 7.0 6.9 16.5 1.1 5.4

4348 Alkhabeer Reit 8.7 5.1 579 0.1 (0.5) (20.1) - - - - 9.2

4336 Mulkia Gulf Real Estate Reit 8.2 0.5 558 0.0 0.1 (16.8) 4.9 3.5 17.2 0.9 1.2

4344 Sedco Capital Reit Fund 8.6 0.8 518 0.0 1.3 (13.4) - - - 0.9 7.1

4334 Al Maather Reit Fund 7.6 0.7 465 0.0 0.5 (13.7) - - 21.7 0.8 8.2

4346 Mefic Reit 6.3 2.3 463 0.0 0.0 (19.5) - - 16.6 0.6 7.9

4332 Jadwa Reit Alharamain Fund 6.4 1.3 419 0.0 0.2 (22.4) 3.0 2.3 22.1 0.7 6.3

4337 Al Mashaar Reit 7.2 0.2 414 0.0 0.6 (10.7) 4.2 4.2 17.0 0.7 2.8

4331 Al-Jazira Riet Fund 14.1 8.8 166 0.0 1.3 12.7 (0.2) (0.2) - 1.5 3.6

Real Estate Mgmt & Dev't

4250 Jabal Omar Development Co 26.5 39.5 24,629 2.2 (0.2) (2.4) (6.6) (2.1) - 2.7 -

4321 Arabian Centres Co Ltd 23.3 11.3 11,058 0.4 (0.9) (20.1) 11.5 4.0 17.0 1.8 2.1

4100 Makkah Construction & Devepl 55.8 43.4 9,197 0.8 (0.9) (27.0) 6.0 5.4 31.6 2.2 2.7

4300 Dar Al Arkan Real Estate Dev 7.3 86.3 7,841 0.7 (0.4) (34.0) 1.5 1.0 27.5 0.4 -

4220 Emaar Economic City 7.1 14.9 6,035 0.3 0.0 (25.7) (10.9) (4.6) - 0.9 -

4090 Taiba Investments Co 29.6 3.0 4,750 0.4 (0.7) (5.0) 5.4 4.7 25.3 1.4 6.8

4020 Saudi Real Estate Co 13.4 9.2 3,216 0.1 (0.7) (1.8) (6.8) (2.8) - 1.1 -

4310 Knowledge Economic City 9.3 6.1 3,162 0.1 (1.1) (6.2) (0.2) (0.2) - 1.0 -

4150 Arriyadh Development Company 15.2 17.2 2,706 0.2 1.3 1.5 8.1 6.8 16.8 1.4 6.6

4320 Alandalus Property Co 15.8 4.8 1,106 0.1 (1.1) 1.2 5.0 3.4 19.5 1.0 6.3

4230 Red Sea International Co 15.2 11.2 911 0.0 (1.6) 8.4 (12.2) (6.7) - 1.5 -

Parallel Market (NOMU)

9510 National Building And Market 227.8 0.0 1,367 - 0.0 (18.4) 4.8 3.4 216.2 10.2 -

9511 Sumou Real Estate Co 47.0 0.0 1,175 - 1.0 - - - - - 0.2

4141 Al-Omran Industrial & Tradin 70.1 79.3 421 - (1.3) 69.3 0.6 0.4 698.9 3.9 -

9504 Al Samaani Factory For Metal 69.5 0.0 174 - (0.4) (14.1) (5.5) (4.6) - 5.3 0.4

9501 Development Works Food Co 59.5 0.6 149 - 0.2 (24.6) 24.1 7.7 11.5 1.9 - Source: Bloomberg, NCBC Research


28 JULY 2020

10

Dubai Market recap: The DFM benchmark index gained 0.2%, closing at 2,065.3 points. Dubai Financial Market was up

2.1%. Emirates NBD was down 1.4%.

DFM intraday

DFM 1-year movement and turnover

2045

2050

2055

2060

2065

2070

2075

2080

9:00 9:30 10:00 10:30 11:00 11:30 12:00 12:30

1000

1500

2000

2500

3000

3500

-

200

400

600

800

1,000

1,200

1,400


Turnover (RHS) Dubai





Arabtec Holding 1.3 14.7 23.3

DXB Entertainments 0.1 6.7 0.7

Dubai Financial Market 0.8 2.1 6.9

Dubai Investments 1.2 1.8 0.4

Emaar Properties 2.6 1.6 9.7

Shuaa Capital 0.6 (2.9) 0.1

Union Properties 0.3 (2.7) 3.7

Deyaar Development 0.3 (2.1) 1.1

Aramex 3.3 (1.8) 2.6

Emirates NBD 8.9 (1.4) 6.9

Arabtec Holding 1.3 14.7 23.3

Emaar Properties 2.6 1.6 9.7

Islamic Arab Ins. 0.6 0.0 9.1

Dubai Financial Market 0.8 2.1 6.9

Emirates NBD 8.9 (1.4) 6.9





Company (AED) ($mn) ($mn) %Last %MTD %YTD ROE ROA P/BV P/E TTM (%)

Emirates NBD 8.9 6.87 15,267 (1.4) 0.1 (31.8) 16.0 1.8 0.8 5.1 4.5

Commercial Bk Of Dubai 3.6 0.00 10,090 0.0 (2.7) (10.0) 12.5 1.4 1.0 8.2 5.8

Emaar Development 2.1 0.90 8,360 1.0 0.0 (46.7) 30.8 8.4 0.9 3.1

Dubai Islamic Bank 3.8 2.15 7,497 0.8 (0.5) (31.0) 15.0 1.7 1.0 6.6 9.2

DU 5.2 1.28 6,361 0.0 1.0 (6.7) 16.6 9.0 2.8 16.8 6.6

Emaar Properties 2.6 9.65 5,053 1.6 (5.1) (35.6) 12.1 5.4 0.3 3.0

Emaar Malls 1.4 4.14 4,823 (0.7) (0.7) (25.7) 12.8 9.5 1.0 7.9

Mashreq Bank 66.9 0.00 3,236 0.0 0.0 (4.8) 6.6 0.9 0.6 8.6 6.0

Dubai Financial Market 0.8 6.93 1,814 2.1 0.7 (14.2) 1.7 1.4 0.9 48.5 3.0

Damac Properties 0.9 5.94 1,538 (1.0) 36.2 25.6 (1.2) (0.7) 0.4





Arabtec Holding Co 1.01 1.16 1.33 0.61

Dubai Financial Market 0.80 0.82 0.83 0.83


Aramex 3.36 3.31 3.25 3.50

Emaar Malls 1.38 1.37 1.36 1.41

.


.



28 JULY 2020

11

Abu Dhabi

Market recap: The Abu Dhabi index declined 0.1%, closing at 4,324.3 points. AD National Energy was up 11.0%.

AD Commercial Bank was down 2.3%.

ADX intraday

ADX 1-year movement and turnover

4280

4290

4300

4310

4320

4330

4340

9:00 9:30 10:00 10:30 11:00 11:30 12:00 12:30

2,000

2,500

3,000

3,500

4,000

4,500

5,000

5,500

6,000

-

100

200

300

400

500

600

700

800

900

1,000


ADI Turnover (RHS)





AD National Energy 1.3 11.5 8.0

Eshraq Properties 0.3 10.5 1.5

Waha Capital 0.9 4.7 2.1

Arkan Building Materials 0.4 1.1 0.2

Aldar Properties 1.7 0.6 3.6

Gulf Pharmaceutical Ind 1.1 (4.4) 0.0

Methaq Takaful 0.5 (3.9) 0.0

AD Commercial Bank 5.0 (2.3) 3.1

AD Ship Building 2.2 (2.2) 0.1

RAK Cement 0.7 (1.7) 0.1

AD National Energy 1.3 11.5 8.0

First Abu Dhabi Bank 11.0 0.0 7.7

Intl Holdings 32.6 (1.0) 4.1

Etisalat 16.9 (0.5) 3.7

Aldar Properties 1.7 0.6 3.6





Company (AED) ($mn) ($mn) %Last %MTD %YTD ROE ROA P/BV P/E TTM (%)

Etisalat 16.9 3.70 40,048 (0.5) 2.4 3.3 19.4 7.2 3.2 16.8 5.8

AD National Energy 1.3 8.01 38,601 11.5 83.9 141.8 (48.0) (1.5) 4.1 NA NA

First Abu Dhabi Bank 11.0 7.72 32,611 0.0 (2.5) (27.7) 13.3 1.5 1.4 10.6 6.8

Intl Holdings 32.6 4.06 16,170 (1.0) 11.0 425.5 27.1 12.4 15.2 67.7 NA

Abu Dhabi National Oil 3.1 0.78 10,695 0.3 5.7 6.1 58.8 13.5 13.7 19.2 6.1

AD Commercial Bank 5.0 3.15 9,517 (2.3) 1.4 (36.6) 10.0 1.1 0.8 9.4 7.6

Aldar Properties 1.7 3.55 3,685 0.6 (3.4) (20.4) 7.3 4.3 0.6 7.8 8.4

AD Islamic Bank 3.7 1.14 3,622 0.3 (0.8) (32.1) 15.2 1.8 1.0 6.8 7.5

National Bank Of Fujairah 5.0 N.A. 2,598 0.0 0.0 3.3 8.7 1.1 2.0 22.5 2.0

RAK Bank 3.5 0.01 1,576 0.0 (5.7) (27.4) 14.0 1.7 0.8 5.9 8.7





Eshraq Investments 0.29 0.29 0.32 0.23


.


.



28 JULY 2020

12

Kuwait

Market recap: The Kuwait Main Market benchmark gained 2.6%, closing at 5,488.8 points. Humansoft Holding Co

was up 4.5%.

KSE intraday

KSE 1-year movement and turnover

5300

5320

5340

5360

5380

5400

5420

5440

5460

5480

5500

5520

8:50 9:20 9:50 10:20 10:50 11:20 11:50 12:20

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

-

10

20

30

40

50

60

70

80

90

100

Jul-20Apr-20Jan-20Nov-19Aug-19

('0

00s

)

Turnover (RHS) KWSE





Humansoft Holding Co 2.73 4.5 3.48

Qurain Petrochemical 0.27 4.2 0.06

Boubyan Bank 0.53 3.1 4.86

Mabanee Co 0.61 3.1 4.33

Agility 0.65 2.9 7.01

Boubyan Petrochemicals 0.53 (4.5) 0.39

Integrated Holding Co 0.38 (0.3) 0.13

Kuwait Finance House 0.59 2.6 15.24

Agility 0.65 2.9 7.01

Zain Kuwait 0.55 2.3 6.23

Ahli United Bank 0.19 1.1 5.15

Boubyan Bank 0.53 3.1 4.86


All Close values are in KWD unless specified otherwise, T/O in $ million



Company (KWD) ($mn) ($mn) %Last %MTD %YTD ROE ROA P/BV P/E TTM (%)

Kuwait Finance House 0.59 17.48 15,767 2.6 (3.3) (19.7) 12.7 1.4 2.2 17.9 3.1

Zain Kuwait 0.55 7.14 8,275 2.3 (1.8) (9.2) 16.9 4.2 1.9 11.7 6.1

Ahli United Bank 0.19 5.91 6,468 1.1 8.5 (35.0) 17.0 1.9 1.4 8.7 7.4

Boubyan Bank 0.53 5.58 5,663 3.1 0.2 (12.7) 12.2 1.3 2.8 26.6 1.6

Agility 0.65 8.05 4,331 2.9 1.1 (9.3) 8.2 4.4 1.1 14.7 0.7

Mabanee Co 0.61 4.96 2,350 3.1 (10.2) (28.8) 12.6 6.2 1.4 12.0 2.2

Gulf Bank 0.20 3.80 2,034 2.6 (5.7) (34.0) 9.8 1.0 0.9 9.0 5.5

Burgan Bank 0.19 1.86 1,700 2.2 (5.6) (39.1) 8.4 1.2 0.6 7.7 6.5

Humansoft Holding Co 2.73 3.99 1,170 4.5 (2.2) (9.4) 48.7 31.4 4.1 10.8

Kuwait Projects Co Holdings 0.15 1.75 1,046 0.7 (12.6) (29.6) 5.3 0.3 0.8 14.4 6.6





Mabanee Co 0.58 0.59 0.61 0.69

Boubyan Bank 0.51 0.52 0.53 0.53

Burgan Bank 0.18 0.18 0.19 0.20

Warba Bank 0.20 0.20 0.20 0.21


.


.



28 JULY 2020

13

Qatar

Market recap: The Qatari bourse benchmark gained 0.2%, closing at 9,371.8 points. Commercial Bank was up

3.6%. Industries Qatar was down 2.2%.

DSM20 intraday

DSM20 1-year movement and turnover

9320

9330

9340

9350

9360

9370

9380

9390

9:30 10:00 10:30 11:00 11:30 12:00 12:30 13:00

6,000

7,000

8,000

9,000

10,000

11,000

50

150

250

350

450

550

650

750

850

950


Turnover (RHS) DSM 20





Commercial Bank 4.1 3.6 5.6

Nakilat 2.8 1.5 2.7

Al Meera Consumer Goods 19.2 1.3 0.9

Qatar Electricity & Water 16.9 1.1 0.8

Mesaieed Petrochemical 2.1 1.0 1.1

Industries Qatar 7.8 (2.2) 4.9

Qatar Aluminum 0.9 (2.2) 3.5

Ooredoo 6.5 (1.5) 3.0

Vodafone 1.3 (0.7) 1.0

Qatar International Isl 8.2 (0.4) 1.3

QNB 18.1 0.1 10.6

Barwa Real Estate Co 3.2 0.6 6.2

Commercial Bank 4.1 3.6 5.6

Industries Qatar 7.8 (2.2) 4.9

Masraf Al Rayan 3.9 0.5 4.7


All Close values are in QAR unless specified otherwise, T/O in $ million



Company (QAR) ($mn) ($mn) %Last %MTD %YTD ROE ROA P/BV P/E TTM (%)

QNB 18.1 10.59 45,903 0.1 4.0 (12.1) 17.2 1.4 2.4 14.3 3.3

Industries Qatar 7.8 4.92 13,008 (2.2) 1.7 (23.9) 4.9 4.4 1.5 30.0 5.1

Qatar Islamic Bank 16.1 1.65 10,445 0.4 2.2 5.0 17.6 1.9 2.3 13.4 3.3

Masraf Al Rayan 3.9 4.70 8,050 0.5 2.3 (1.3) 16.7 2.1 2.2 13.4 5.8

Ooredoo 6.5 3.03 5,710 (1.5) (0.6) (8.3) 7.9 2.0 1.0 12.4 3.9

QEWC 16.9 0.78 5,092 1.1 6.6 4.7 16.2 8.9 2.2 12.8 4.6

Commercial Bank 4.1 5.57 4,585 3.6 8.5 (12.3) 10.2 1.4 0.9 9.4 4.8

Nakilat 2.8 2.71 4,254 1.5 7.0 16.9 17.4 3.4 2.6 14.5 3.6

Barwa 3.2 6.24 3,442 0.6 5.6 (9.0) 6.5 4.0 0.6 10.3 6.2

Qatar Int'l Islamic 8.2 1.33 3,410 (0.4) 1.0 (15.3) 15.3 1.7 2.1 14.1 5.2





Commercial Bank 3.9 4.0 4.1 3.9


Industries Qatar 8.1 8.0 7.8 7.9

Vodafone 1.3 1.3 1.3 1.1

Qatar Int'l Islamic 8.3 8.2 8.2 8.4

.


.



28 JULY 2020

14

Egypt

Market recap: The EGX30 benchmark remained flat, closing at 10,572.6 points. Elswedy Electric was up 3.9%.

CIB was down 1.1%.

TASI intraday


10550

10560

10570

10580

10590

10600

10610

10620

11:00 11:30 12:00 12:30 13:00 13:30 14:00 14:30

-

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

-

200

400

600

800

1,000

1,200

1,400

1,600

Jul-20Apr-20Jan-20Oct-19Aug-19

Turnover (RHS) EGX 30





Elswedy Electric 6.6 4.1 10.6

Ibnsina Pharma 7.9 3.1 0.0

Ghabbour Auto 2.2 1.9 6.0

Medinet Nasr 2.9 1.8 3.4

T M G Holding 5.8 1.7 0.8

Egyption Chemical 3.8 (2.3) 0.6

Six Of October 11.0 (2.0) 2.1

Emaar Misr 2.2 (1.8) 0.0

Dice Sport 1.3 (1.6) 0.7

Orascom Investment 0.4 (1.2) 0.0

Elswedy Electric 6.6 4.1 10.6

Ghabbour Auto 2.2 1.9 6.0

T M G Holding 5.8 1.7 0.8

Egyption Chemical 3.8 (2.3) 0.6

Egyptian Resorts 1.3 (1.2) 0.6


All Close values are in EGP unless specified otherwise, T/O in $ million



Company (EGP) ($mn) ($mn) %Last %MTD %YTD ROE ROA P/BV P/E TTM (%)

CIB 63.0 9.48 5,444 (0.6) (2.4) (24.1) 21.5 3.0 1.8 8.9 2.0

Eastern Tobacco 11.8 0.69 1,558 (0.1) (7.7) (24.5) 34.9 19.3 2.5 7.5 19.8

Telecom Egypt 12.9 0.10 1,295 (0.2) (3.2) 28.2 9.6 6.1 0.6 6.7 1.9

Elswedy Electric 6.6 4.02 849 4.1 (0.3) (42.5) 22.1 6.9 1.0 4.2 12.1

T M G Holding 5.8 0.32 708 1.7 (0.2) (28.6) 6.2 1.8 0.4 6.4 0.8

Credit Agricole Egypt 27.0 1.02 494 0.0 (9.0) (38.1) 36.6 4.1 1.3 4.0 12.7

Cleopatra Hospital 5.0 0.38 470 (0.8) (4.8) (17.2) 14.0 11.5 4.2 34.5

Heliopolis Housing 5.8 0.34 458 (1.0) 0.3 (26.0) 86.4 16.3 1.7 11.1 0.3

Cairo Inv. 13.0 0.97 446 0.0 (0.2) (6.3) 23.6 15.4 7.2 31.7 0.9

Juhayna Food 7.8 0.00 432 0.3 4.0 (9.6) 14.8 6.5 2.8 19.8 2.6





Sidi Kerir 6.1 6.1 6.2 5.8

Elswedy Electric 6.3 6.4 6.6 6.7

Medinet Nasr 2.8 2.8 2.9 2.7

Alexandria Mineral Oils 2.3 2.3 2.3 2.3


Six Of October 11.4 11.2 11.0 8.7

Porto Holding 0.6 0.6 0.6 0.5

Heliopolis Housing 6.0 5.9 5.8 5.8

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28 JULY 2020

15

Oman

Market recap: The MSM30 benchmark index remained flat, closing at 3,558.3 points. Oman Telecom was up

0.7%. Bank Nizwa was down 2.0%.

TASI intraday


3548

3550

3552

3554

3556

3558

3560

9:00 9:30 10:00 10:30 11:00 11:30

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

-

2,500

5,000

7,500

10,000

12,500

15,000

17,500

20,000


Turnover (RHS) MSM 30





AL Batinah 0.05 1.9 0.02

Gulf Inv. Services 0.07 1.5 0.54

Oman Cement Co 0.23 1.3 0.00

Oman Telecom 0.61 0.7 0.10

Bank Muscat 0.35 0.6 0.35

Bank Nizwa 0.10 (2.0) 0.01

Al Anwar Holdings 0.07 (1.5) 0.00

Al Madina Takaful 0.08 (1.3) 0.12

Oman Investment & Fin 0.08 (1.2) 0.02

Renaissance 0.37 (1.1) 0.05

Gulf Inv. Services 0.07 1.5 0.54

Bank Muscat 0.35 0.6 0.35

Ooredoo 0.40 0.5 0.32

Al Madina Takaful 0.08 (1.3) 0.12

Oman Telecom 0.61 0.7 0.10


All Close values are in OMR unless specified otherwise, T/O in $ million



Company (OMR) ($mn) ($mn) %Last %MTD %YTD ROE ROA P/BV P/E TTM (%)

Bank Muscat 0.3 0.35 2,922 0.6 1.8 (16.3) 9.9 1.4 0.6 7.0 9.63

Oman Telecom 0.6 0.10 1,193 0.7 (4.4) 2.0 14.0 1.0 0.8 5.9 8.99

Bank Dhofar 0.1 0.00 779 0.0 (4.8) (18.7) 4.0 0.6 0.6 14.4 3.00

Ominvest 0.3 0.09 722 0.0 1.2 1.2 17.4 1.1 1.4 6.2 7.27

Nat'l Bk Of Oman 0.2 0.00 714 0.0 (2.9) (8.2) 10.3 1.3 0.7 8.0 9.94

Ooredoo 0.4 0.32 680 0.5 (1.5) (23.3) 10.7 6.0 1.1 9.9 9.95

Bank Sohar 0.1 0.07 588 0.0 14.8 (12.9) 7.5 0.9 0.7 7.7 3.13

Ahli Bank 0.1 0.00 557 0.0 4.0 5.0 12.6 1.2 0.9 9.3 7.33

HSBC 0.1 0.00 478 0.0 5.7 (24.0) 5.1 0.7 0.6 27.1 9.46

Bank Nizwa 0.1 0.01 378 (2.0) 2.1 2.1 7.5 1.1 1.0 11.9




26-Jul 27-Jul 28-Jul 25-Jul

Oman Cement Co 0.22 0.23 0.23 0.23

26-Jul 27-Jul 28-Jul 25-Jul

Renaissance 0.380 0.374 0.370 0.400

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28 JULY 2020

16

Bahrain

Market recap: The Bahrain benchmark index gained 0.6%, closing at 1,289.2 points. Bahrain Telecom was up

2.8%. GFH Financial Grp was down 1.3%.

TASI intraday


1281

1282

1283

1284

1285

1286

1287

1288

9:25 9:35 10:00 10:10 10:25

1,000

1,100

1,200

1,300

1,400

1,500

1,600

1,700

1,800

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000


Turnover (RHS) BAX





Bahrain Telecom 0.40 2.8 0.86

BBK 0.47 2.0 0.06

Al-Salam Bank 0.07 1.4 0.03


Seef Properties 0.18 (1.1) 0.01

GFH Financial Grp 0.16 0.0 2.07


Bahrain Telecom 0.40 2.8 0.86

Bahrain Duty Free 0.55 0.0 0.15

BBK 0.47 2.0 0.06


All Close values are in BHD unless specified otherwise, T/O in $ million



Company (BHD) ($mn) ($mn) %Last %MTD %YTD ROE ROA P/BV P/E TTM (%)

Ahli United Bank 0.6 1.14 15,748 0.8 5.1 (35.0) 17.0 1.9 1.4 8.6 7.33

Nat'l Bk Of Bahrain 0.6 0.01 2,792 0.0 (1.1) (2.8) 14.7 2.3 2.0 12.6 3.64

Arab Banking Corp 0.3 0.04 2,463 0.0 1.3 (36.0) 4.9 0.7 0.2 4.3

Bahrain Telecom 0.4 0.86 1,746 2.8 4.2 3.1 11.0 5.4 1.4 12.8 6.89

BBK 0.5 0.06 1,670 2.0 (6.8) (14.6) 15.0 2.0 1.2 8.1 8.17

GFH Financial Grp 0.2 2.07 1,502 (1.3) 4.7 (32.6) 7.8 1.5 0.5 7.1 5.74

Aluminium Bahrain 0.3 0.02 1,192 0.0 (3.3) (23.7) 1.3 0.6 0.4 23.1 0.31

Albaraka Banking Grp 0.3 0.02 850 0.0 0.0 (16.1) 5.9 0.4 0.3 4.3 7.69

Al-Salam Bank 0.1 0.03 425 1.4 6.1 (27.2) 6.8 1.1 0.5 7.7 5.49

Seef Properties 0.2 0.01 214 (1.1) 0.6 (13.7) 7.2 6.4 0.5 7.5 8.47






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28 JULY 2020

17

Glossary – Abbreviations used

%Chg % change MCap Market capitalization TTM Trailing 12 month*

bn Billion mn Million VAR Variance

DY Dividend yield Nm Not meaningful Vol Volume (No of stocks traded)

O/N Overnight P/E Price to earnings* YoY Year on Year

Fut. Futures’ prices (commodities) PBV Price to book value* YTD Year to date

%Last % change in last trading day QoQ Quarter on Quarter MTD Month to date

Close Adjusted Closing Price ROA Return on assets* QTD Quarter to date

T/O Turnover (Value of stocks traded) ROE Return on equity* 1M, 2M 1 Month, 2 Month etc

Important information

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18

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