Tadawul’s positive momentum witnessed during the previous week didn't continue and index closed 0.7%

lower. TASI started the week in a negative note, losing 2.9% during the first trading day and managed to

recover during the later part of the week to close at 7,034 points.

It was mixed trend regionally with Bahrain index (-1.2%) declining the most, followed by Oman (-0.9%) and

Kuwait (-0.7%). Abu Dhabi (+1.4%) gained the most followed by Qatar (+0.3%).

“(oil companies) need to increase investments

in order to guarantee stability of market for

the long and short term.”

- Mr. Ali Al-Naimi, Minister of Petroleum

and Mineral Resources, Saudi Arabia

Week Ending Nov 19, 2015

In the Oil market, the US Energy Information Administration’s data showed that crude inventories increased

yet another week by 300,000 barrels to reach 487.3 million barrels. Brent Oil continues to trade around USD

44 per barrel. Meanwhile, Goldman Sachs has warned of "elevated risks" of oil price reaching USD 20 a barrel

and predicted that the overall glut in the commodity markets may take another twelve months to clear .

Shifting focus from Oil, in the Europe, Greece approved a reform bill outlining regulation on tax arrears and

home foreclosures, to secure further bailout funds from its international lenders. Funds aggregating to EUR

2bn to pay state arrears and a further EUR 10bn to recapitalize its banks will be disbursed by lenders. Greece

needs to legislate a series of reforms to pass the new bailout worth up to EUR 86bn it signed up to earlier this

year. Few weeks back, Greece approved a bill that included lifting of obstacles for the sale of its largest port

and scrapping of tax breaks for farmers.

“Greece approves

new reform bill”

“TASI witnesses

marginal loss of

0.7% ”

39

125 7 171

0

50

100

150

200

Gainers Losers No change Total No. of

Companies

5,047 4,691 4,497 4,285 5,002

6,881

6,960

6,917

6,953

7,034

3,800

4,000

4,200

4,400

4,600

4,800

5,000

5,200

15-Nov-15 16-Nov-15 17-Nov-15 18-Nov-15 19-Nov-15

6,800

6,850

6,900

6,950

7,000

7,050

Total Turnover (SAR Mn) TASI Close (RHS)

TASI CLOSE & MARKET TURNOVER TRADING STATISTICS

Saudi market breadth was negative with 39 gainers as

against 125 losing stocks

The sector indices reflected the TASI movement with 11

indices closing the week in Red. Media and Publishing rose

9.7% and became the top gaining index. This was followed by

Industrial Investment (+5.9%) and Petrochemicals (+1.5%).

Hotel & Tourism became the top losing index by decreasing

6.3%. This was followed by Transport (-3.1%) and Building &

Construction (-3.0%)

Note: Weekly returns are calculated considering Friday to Thursday week. Numbers indicate weekly returns and index closing values.

Banking contributed 31.5% to the total volume and 25.7% to the total value and

was the top traded sector during the week. Petrochemicals came second by

constituting 18.5% of the total value and 10.0% of the total volume.

“11 out of 15

indices closed

the week in

Red”

SAUDI – SECTOR INDICES

Index Open Close WTD

(%) YTD (%)

Total Volume

(Mn)

Total Turnover (SAR Mn)

No. of Trades

TASI 7,083 7,034 -0.7% -15.6% 1,185 23,522 4,90,317

Banks & Financial Services 15,779 15,415 -2.3% -15.8% 373 6,051 60,361

Petrochemical Industries 4,832 4,905 1.5% -16.3% 118 4,340 49,366

Cement 4,831 4,792 -0.8% -30.1% 23 513 16,825

Retail 12,761 12,628 -1.0% -18.6% 36 1,188 35,490

Energy & Utilities 5,611 5,609 0.0% -0.7% 6 87 1,927

Agriculture & Food Industries 9,388 9,373 -0.2% -19.7% 59 1,413 44,885

Telecom & IT 1,624 1,615 -0.6% -16.8% 60 740 16,171

Insurance 1,236 1,203 -2.6% -5.7% 103 1,996 80,311

Multi-Investment 3,260 3,178 -2.5% -13.6% 24 395 15,279

Industrial Investment 6,319 6,693 5.9% 1.5% 57 1,705 35,545

Building & Construction 2,542 2,466 -3.0% -25.3% 53 919 32,363

Real Estate Development 5,612 5,639 0.5% -4.7% 180 1,591 29,538

Transport 7,888 7,643 -3.1% 5.5% 38 1,137 23,899

Media and Publishing 1,822 1,998 9.7% -9.2% 51 1,193 41,364

Hotel & Tourism 16,718 15,671 -6.3% -20.7% 5 253 6,993

GLOBAL INDICES – WEEKLY RETURNS

2.8%,

11,085

2.4%,

6,330

1.7%,

1,701

1.7%,

2,0811.6%,

17,733

0.8%,

19,860 0.4%,

837

-0.4%,

3,617

1.4%,

4,260

0.3%,

10,8600.2%,

3,273-0.7%,

7,034

-0.7%,

5,725-0.9%,

5,796

-1.2%,

1,219

DA

X

FT

SE

100

MS

CI

Wo

rld

S&

P 5

00

DJI

A

Nik

kei

MS

CI

EM

SSE

Ab

u D

hab

i

Qa

tar

Du

bai

Sau

di

Ku

wai

t

Om

an

Bah

rain

Saudi Research and Marketing Group (SRMG) gained 17.3% during the week and

became the top gainer. SRMG has surged 59.9% year-to-date to close at SAR 26.57.

This was followed Saudi Fisheries Co. (+16.7%) and Saudi Arabian Mining Co.

(+12.2%).

Amongst the losing stocks, Altayyar Travel Group slipped 8.0% and led the pack.

This was closely followed by Aldrees Petroleum and Transport Services Co. (-7.5%)

and Al-Babtain Power and Telecommunication Co. (-7.3%).

TOP GAINERS TOP LOSERS

Company Close WTD

(%) YTD (%)

Value Traded

(SAR Mn)

SRMG 26.57 17.3% 59.9% 351

SFICO 18.58 16.7% -32.7% 211

MAADEN 34.74 12.2% 13.6% 994

Alinma Tokio M 21.1 11.6% -2.5% 379

Red Sea 24.55 6.7% -32.1% 31

SABIC, the gulf’s largest company increased 4.81% for the week and clocked a turnover of SAR 3.33bn. SABIC has recovered all its

losses for the year and has gained 3.62% YTD to close at SAR 86.52.

THIS WEEK’S WINNERS & LOSERS

Top Gainer

Saudi Research and

Marketing Group

(+17.3%)

Top Loser

Altayyar Travel

Group

(-8.0%)

THE LIQUIDITY PLAY (VOLUME – VALUE TREND)

Week 0 Week -1 Week -2 Week -3 Week 0 Week -1 Week -2 Week -3

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

19/N

ov18

/Nov

17/N

ov16

/Nov

15/N

ov

12/N

ov11

/Nov

10/N

ov09

/Nov

08/N

ov

05/N

ov04

/Nov

03/N

ov02

/Nov

01/N

ov

29/O

ct28

/Oct

27/O

ct26

/Oct

25/O

ct

0

50

100

150

200

250

300

19/N

ov18

/Nov

17/N

ov16

/Nov

15/N

ov

12/N

ov11

/Nov

10/N

ov09

/Nov

08/N

ov

05/N

ov04

/Nov

03/N

ov02

/Nov

01/N

ov

29/O

ct28

/Oct

27/O

ct26

/Oct

25/O

ct

Market activity declined during the week with 1,185mn shares being traded (1,265mn and 1,201mn shares in the preceding two

weeks). The turnover also decreased during the week touching SAR 23.5bn vis-a-vis SAR 25.4bn and 23.9bn in the preceding two

weeks.

TASI WEEKLY TURNOVER TREND (SAR MN) TASI WEEKLY VOLUME TREND (MN)

Company Close WTD

(%) YTD (%)

Value Traded

(SAR Mn)

ALTAYYAR 65.41 -8.0% -26.7% 129

Aldrees 42.84 -7.5% -16.4% 93

AL-BABTAIN 33.7 -7.3% 23.9% 56

SGS 52.43 -6.8% 4.9% 161

Budget Saudi 45.41 -6.5% -18.9% 70

ROTANA, SAUDI ARABIA,WILL OPEN 6 MORE HOTELS BY 2017 ADDING TO IT EX-

ISTINJABAL OMAR DEVELOPMENT HAS RECEIVED A BRIDGE LOAN WORTH SAR

900MN FRINTERNATIONAL METHANOL CO.OM BANK ALBILAD TO REPAY LIABILITIES

G

KINGDOM HOLDING CO. HAS INVESTED SAR 3,750BN IN TWITTER, INCREASING TH

EIR OWNERSHIP BY MORE THAN 5% OF TWITTER’S ISSUED CAPITAL

POI SUBSIDIARY OF KUWAIT AND DUBAI LISTED AL MAZAYA HOLDING HAS BOUGHT

AN INVESTMENT PROPERTY IN RIYADH AMOUNTING TO SAR 130MN.

RTSAUDI ARABIA WILL COMPLETE THE FIRST AND SECOND PHASES OF HARAMAIN

RAIL PROJECT AT THE END OF 2016 FOLIO OF 100 HOTELS AND RESORTS IN THE

REGIKINGDOM HOLDING CO. (KHC), THE INVESTMENT FIRM OWNED BY BUSINESS

TYCOON PRINCE ALWALEED BIN TALAL, WILL SELL ITS 29.9% STAKE IN SAUDI RE-

SEARCH & MARKING GROUP (SRMG) AT SAR 35 A SHARE, TOTALLING SAR 837.3 MIL-

LION. THE SHARE PRICE IS 91% HIGHER THAN THE CURRENT MARKET PRICE OF SAR

18KINGDOM HOLDING CO. (KHC), THE INVESTMENT FIRM OWNED BY BUSINESS TY-

COON PRINCE ALWALEED BIN TALAL, WILL SELL ITS 29.9% STAKE IN SAUDI RESEARCH

& MARKING GROUP (SRMG) AT SAR 35 A SHARE, TOTALLING SAR 837.3 MILLION.

THE SHARE PRICE IS 91% HIGHER THAN THE CURRENT MARKET PRICE OF SAR 18.35.

.35. ON.

Saudi Arabia's oil exports reached 7.11mn barrels per day (bpd) in September, compared to 6.99mn bpd in the

previous month, Joint Organisations Data Initiative stated.

Saudi Arabia’s Shura Council has endorsed a tax on undeveloped land and tax revenue is expected to reach near-

ly SAR 15bn in the first phase, and then rise to SAR 75bn when the decision is fully implemented.

Saudi Telecom Co has submitted an offer to increase its stake in Kuwait's VIVA to 100% that is pending approval

from Kuwait's market regulator. STC currently holds 26% stake in VIVA.

Saudi Aramco is planning to sign a contract before the end of this year to construct an oil refinery in Indonesia,

at a preliminary cost of around USD 10bn.

Saudi Arabia is reportedly working with Boston Consulting Group to help establish a state-owned mortgage firm

similar to the US’s Fannie Mae and Freddie Mac as it seeks to develop a secondary market for home loans.

Kingdom Holding has injected SAR 198mn into Euro Disney theme park operator under a recapitalisation plan.

Jazan municipality has withdrawn the award of waste collection and disposal contract worth SAR 119mn given to

Abdullah A. M. Al-Khodari Sons Co.

Saudi Public Transport Co. has received contract worth SAR 139.8mn from King Abdullah University of Science

and Technology to provide various transportation services for eight years.

Saudi Arabian Mining Co.’s subsidiary Ma'aden Phosphate Co. has received commitment letters from local and

international lenders for loans worth SAR 11.5bn.

Rabigh Refining and Petrochemical Co. expects to complete the expansion of its 1.3 million tonne per year

ethane cracker in Saudi Arabia by next year.

China’s Shandong Electric Power Construction Corp. has signed a contract with Saudi Aramco to establish a gas

compressor station as a part of the expansion of Saudi Arabia’s main gas pipeline.

Shumoul Holding has received approval to build a USD 1.9bn retail, residential and commercial complex in Saudi

Arabia's capital Riyadh.

Sadara Chemical Co. will receive SAR 113.4 million as insurance compensation for fire at its cooling tower.

Emirates National Oil plans to expand overseas by establishing 25 new fuel stations in Saudi Arabia by 2018.

The National Company for Glass Industries (Zoujaj) has signed a memorandum of understanding with Al Zamil

Group Holding Co to acquire its 10% stake in Guardian Zoujaj International Float Glass.

SAUDI – CORPORATE & ECONOMIC NEWS

DANA GAS SIGNED AN AGREEMENT

WITH GULF NAVIGATION MARITIME, A

SUBSIDIARY OF GULF NAVIGATION

HOLDING, TO PROVIDE COMPLETE LO-

GISTIC, TRANSPORTATION, MARINE,

AND PASSENGER AND CREW HANDLING

SERVICES FOR THE ZORA GAS FIELD

ROOKFIELD PROPERTY PARTNERS L.P.

(NYSE: BPY) (TSX: BPY.UN) ANNOUNCED

TODAY THAT ONE OF ITS SUBSIDIARIES

HAS ENTERED INTO A JOINT VENTURE

WITH QATAR INVESTMOMAN HAS

PREQUALIFIED NINE LEADING GLOBAL

MARINE ENGINEERING FIRMS TO CON-

STRUCT A MAJOR BULK LIQUID BERTHS

TERMINAL AT THE PORT OF DUQM ON

THE SULTANATE’S WUSTA COAST, SAID

A REPORT.

THE PROJECT, WHICH IS LIKELY TO BE

WORTH $1 BILLION ENT AUTHORITY

( QIA ) ON THE MIXED-USE MANHAT-

TAN WEST DEVELOPMENT PROJECT IN

NEW YORK CITY. IN THE TRANSACTION,

BROOKFIELD SOLD A 44% INTEREST IN

THE DEVELOPMENT TO QIA . THE TOTAL

VALUE OF THE DEVELOPMENT UPON

COMPLETION AND STABILIZATION IS ES-

TIMATED TO BE $8.6 BILLION OJECT

Government officials in the UAE are reportedly in

talks with their counterparts in India to establish a

strategic petroleum reserve in the South Asian

country.

Ezdan Holding Group is planning to build a housing

project worth QAR 4bn, called ‘the city of Ezdan’.

Ooredoo, Qatar has extended its cooperation agree-

ment with China’s Huawei for another five years.

Kuwait's Agility is planning to raise USD 1bn to fund

expansion across emerging markets, its CEO said.

National Bank of Kuwait raised KWD 125mn

through an issue of capital-boosting bonds.

Gulf Cable and Electrical Industries has received a

purchase order worth KWD 3.26mn from ministry of

electricity to supply low pressure cables.

Kuwait's Petrochemical Industries Company is close

to signing a deal to acquire 45% of OpaL chemical

factory in India.

Contracting and Marine Services said its subsidiary

Kuwait Drilling Co. has received contract worth

KWD 103.9mn from Kuwait Oil Co. .

Bahrain’s sovereign fund Mumtalakat has signed a

agreement with India's Synergies Castings Ltd to

construct an aluminium casting and specialty alloy

wheel manufacturing facility in Bahrain.

Hill International has received extension of contract

to provide engineering services for the Muscat

International Airport and Salalah Airport at an

estimated value of around OMR 30.1mn.

The UK's inflation rate as measured by Consumer

Prices Index remained at -0.1% in October, the

Office for National Statistics said.

Inflation in the Eurozone has been revised up to

0.1% in October by Eurostat.

US hoteliers Marriott International and Starwood

Hotels have agreed a USD 12.2bn deal to create the

world's biggest hotel company.

France’s Sanofi and AstraZeneca have swapped

210,000 chemical compounds to speed up develop-

ment of new medicines. .

Endo International PLC will buy Par Pharmaceutical

Holdings Inc. from private-equity firm TPG for about

USD 8bn in cash and stock .

Brookfield Asset Management Inc. will acquire

GrafTech International GTI, for USD 695mn.

E.ON SE, Germany will invest approximately EUR

1.9bn in the construction of offshore wind farm

Rampion in the U.K.

Tesla Motors Inc. is conducting recall of all 90,000

Model S cars because of a report that front seat belt

not being properly connected.

OTHER GULF NEWS GLOBAL ECONOMIC NEWS

Source: Canaccord Genuity, Statista

CH

AR

TS

O

F

TH

E

WE

EK

ESTIMATED SHARE OF GLOBAL SMARTPHONE OPERATING PROFITS

Source: IMF, Central Bank of Brazil, Economist

TREND IN GDP GROWTH OF BRAZIL AND OTHER EMERGING ECONOMIES

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