Kuwait Weekly Update Research

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.

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

31 May 2012

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

Kuwait Weekly Update Research

Figure 2- Sector Indicator

0%

5%

10%

15%

20%

25%

30%

35%

40%

Financial

Services

Real Estate Banks Industrials Telecommu

nications

Value % of Total 34.2% 19.1% 16.9% 13.7% 11.6%

Volume % of Total 52.3% 18.4% 9.6% 15.8% 2.7%

Kuwait Weekly Update Research

GAINERS 31-May 24-May % chg

Kuwait Gypsum Manufacturing and Trading Co KCSC132.0 91.0 45.1%

Al Argan International Real Estate Co KSCC 190.0 148.0 28.4%

Automated Systems Co KSCC 520.0 445.0 16.9%

Wethaq Takaful Insurance Co KCSC 94.0 81.0 16.0%

Yiaco Medical Co KSCC 460.0 420.0 9.5%

LOSERS 31-May 24-May % chg

Securities Group Co KSCC 122 170 -28.2%

Credit Rating and Collection KSCC 70 95 -26.3%

Gulf Glass Manufacturing Co KSCC 700 900 -22.2%

Kuwait Hotels Co KSC 162 182 -21.5%

Taameer Real Estate Investment Co KSCC 43 54 -20.4%

No. of Companies listed in KSE 205

No. of Companies Traded 150

Gainers 36

Losers 106

No change 8

Most Active

Value Traded

(000 KD) Price % chg

Gulf Finance House BSC 14,810 45 0.0%

Mobile Telecommunications Co KSC 10,965 700 -1.4%

Tamdeen Real Estate Co KSCC 6,937 224 -1.8%

Ithmaar Bank BSC 5,291 45 7.2%

Kuwait Finance House KSC 5,106 750 2.7%

Date Price index

Value Traded

(000 KD)

Sun. 27 May 6,277.2 28,069

Mon. 28 May 6,216.0 19,485

Tue. 29 May 6,207.6 22,558

Wed. 30 May 6,241.4 24,916

Thu. 31 May 6,193.8 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.

Disclaimer

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 “. The 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 no representation or warranty, expressed or implied, is made that such information and data is accurate or complete, and therefore should not be relied upon as such. Opinions, estimates and projections in this report constitute the current judgment of the author as of the date of this report. They do not necessarily reflect the opinion of Markaz and are subject to change without notice. Markaz has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate, or if research on the subject company is withdrawn. This report may not consider the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. Investors are urged to seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report and to understand that statements regarding future prospects may not be realized. Investors should note that income from such securities, if any, may fluctuate and that each security‟s price or value may rise or fall. Investors should be able and willing to accept a total or partial loss of their investment. Accordingly, investors may receive back less than originally invested. Past performance is not necessarily indicative of future performance. Kuwait Financial Centre S.A.K (Markaz) does and seeks to do business, including investment banking deals, with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. This report may provide the addresses of, or contain hyperlinks to, websites. Except to the extent to which the report refers to website material of Markaz, Markaz has not reviewed the linked site and takes no responsibility for the content contained therein. Such address or hyperlink (including addresses or hyperlinks to Markaz‟s own website material) is provided solely for your convenience and information and the content of the linked site does not in any way form part of this document. Accessing such website or following such link through this report or Markaz‟s website shall be at your own risk. For further information, please contact „Markaz‟ at P.O. Box 23444, Safat 13095, Kuwait; Email: research@markaz.com ; Tel: 00965 1804800; Fax: 00965 22450647.