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Daily Market Report
Saudi Arabia Stock Exchange
November 10 2014
`
TASI Index
Turnover (SAR mn)
9,688.7
8,555.9
Global commentary
TASI Intra Day Movement
15:30
15:15
15:00
14:45
14:30
14:15
14:00
13:45
13:30
13:15
Previous Close
13:00
12:45
12:15
12:00
11:45
11:30
11:15
11:00
12:30
Intraday
9,700
9,680
9,660
9,640
9,620
9,600
9,580
9,560
9,540
Research Department
[email protected]
Tel:+966 11 211 9332/Fax: +966 11 2119422
0.41%
17%

In the US, major retailers will begin posting financial results for the
period which is likely to impact the market direction as consumer
sentiment and consumer confidence are at the highest levels. On the
economic front, the week will start with the data on wholesale
inventories on Wednesday. Data pertaining to jobless claims will be
released on Thursday. On Friday, data on Retail sales and Consumer
Sentiment Index will be released.

In Europe, the week starts with the quarterly inflation report by the
Bank of England (BOE) which will be released on Wednesday.
Inflation data of Germany will be released on Thursday followed by a
monthly report of the ECB on the prevailing economic situation.
GDP data of Germany and the Eurozone will be released on Friday.

GCC markets advanced on Sunday. Abu Dhabi and Qatar markets
gained after index compiler MSCI raised the two countries’ weights
in its emerging markets index in a move facilitating inflow of fresh
foreign funds. Abu Dhabi added 1.6% on the back of First Gulf Bank
(FGB). Dubai gained 1.1% on Emaar Properties and Dubai Islamic
Bank. Qatar rose 0.8% on Qatar National Bank and Industries Qatar.
The indices of Kuwait and Bahrain added 0.7% and 0.1% respectively
while Oman slipped 0.2%.

Asian markets are trading positive this morning as regulators
announce that the link between the Hong Kong and Shanghai
exchanges will commence in a week. The Hang Seng and the
Shanghai Composite indices are trading 1.7% and 1.2% higher. The
KOSPI is trading up 1.0% while the Nikkei is trading down 0.5%.
TASI – Activity Trend (Last 10 Days)
Thousands
Turnover (LHS, SAR bn)
TASI Index (RHS)
10
10,400
10,200
10,000
9,800
9,600
9,400
9,200
8
6
4
2
9-Nov
6-Nov
5-Nov
4-Nov
3-Nov
2-Nov
30-Oct
29-Oct
28-Oct
27-Oct
-
Regional Indices
WTD%
0.4
0.7
0.7
1.6
1.1
-0.2
0.1
0.5
YTD%
13.5
31.9
-4.9
13.4
32.1
1.0
15.5
12.4
Major Com m odities / Currencies
Close 1D % WTD %
Gold Spot $/Oz
1,173
-0.4
-0.4
Silver Spot $/Oz
15.82
0.2
0.2
Crude Oil (Brent)
83.78
0.5
0.5
OPEC Basket
78.27
0.2
-4.5
Euro
1.25
0.2
0.2
USD Index
87.38
-0.3
-0.3
JPY
114.200 0.4
0.4
YTD %
-2.7
-18.7
-21.2
-27.5
-9.5
9.2
-7.8
Major Global Indices
Close
DJ Industrial
17,574
S&P 500
2,032
Nikkei 225
16,759
Hang seng
23,936
FTSE 100
6,567
CAC 40
4,190
MSCI World
1,707
MSCI EM
988
YTD %
6.0
9.9
2.9
2.7
-2.7
-2.5
2.8
-1.5
KSA (TASI)
Qatar (DSM)
Kuw ait (KSE)
Abu Dhabi (ADSM)
Dubai (DFM)
Oman (MSM30)
Bahrain (BSE)
MSCI GCC
Close
9,689
13,692
7,183
4,867
4,453
6,905
1,443
626
1D%
0.4
0.7
0.7
1.6
1.1
-0.2
0.1
0.5
TASI gained 40 points yesterday

TASI rose 0.4% on Sunday, continuing its recovery after last week’s
sharp correction, to close at 9,688. Thirteen of the fifteen sector
indices moved higher. Advance decline ratio was positive with a total
of 88 stocks advancing and 56 stocks declining. Trading turnover
rose to SAR8.6bn.

Among the larger sectors Telecom (+1.7%) bounced back after
Mobily broke its three-day losing streak. Index heavyweight
Petrochemical declined (-0.1%), while Banking rose 0.3%. Among
other sectors, Retail gained 1.7%, Cement 0.4%, and Real estate
0.1%.
Major News
1D % WTD %
0.1
0.0
0.0
0.0
-0.7
-0.7
1.6
1.6
0.2
0.0
-0.9
0.0
0.0
0.0
-0.4
0.0

Herfy receives SAR50mn credit facility from AlRajhi Bank:
Herfy Food announced yesterday that it has signed on November 6 a
credit facility agreement with AlRajhi Bank. The agreement period
extends from November 6, 2014 until November 6, 2018. The
company said that the money will be used to fund the expansion
plans. (Tadawul)

SASCO announced sales of its TAQA shares: Saudi
Automotive Services Co. (SASCO) announces that on November 9,
the company has completed the sale of its shares (4,749,999 Stocks)
in the Industrialization & Energy Services Company (TAQA) -Saudi
Closed Joint Stock Company- with total amount of SAR95mn, and
capital gain of SAR47.5mn. (Tadawul)‎‎
Interest Rates
1M
3M
12M 3M Chg 1Y
LIBOR (USD)
0.16
0.23
0.57
-0.01
SAIBOR
0.63
0.90
1.08
-0.06
EIBOR
0.38
0.68
1.02
-0.14
Source: Bloomberg
Updated as of
10/Nov/2014 8:42 AM
Disclosures: Please refer to the important disclosures at the back of this report.
1
Daily Market Report
Saudi Arabia Stock Exchange
TASI – Large Cap (>10% Index weight) Sectors’ Performance TASI – Top Gainers / Losers
1D % (LHS)
4.0
2.0
0.0
-2.0
-4.0
-6.0
-8.0
-10.0
-12.0
-14.0
-16.0
MTD % (LHS)
YTD % (RHS)
20.0
15.0
10.0
5.0
0.0
-5.0
-10.0
-15.0
TASI
Petrochem
Banks
Telecom
TASI – Mid Cap (5 -10% index weight) Sectors’ Performance
1D % (LHS)
1.0
0.5
0.0
-0.5
-1.0
-1.5
-2.0
-2.5
-3.0
-3.5
-4.0
Insurance
MTD % (LHS)
Real Estate
1D % (LHS)
37.5
37.0
36.5
36.0
35.5
35.0
34.5
34.0
33.5
33.0
32.5
Agri
MTD % (LHS)
YTD % (RHS)
50.0
Media
Hotels
Multi invt
Energy
Transport
-2
Retail
30.0
Building
0
Industries
40.0
Cement
1
-1
20.0
10.0
-3
0.0
-4
-10.0
-5
-20.0
Chg %
9.6
7.7
7.3
6.1
5.3
Vol (mn) Value Trd (SAR mn)
1.777
174.94
2.080
49.82
0.991
29.61
0.458
30.53
0.558
31.58
Company
Saudi Fisheries
Al Khaleej Train
Saudi Hollandi
Axa Cooperative
Kingdom Hold
Last Price
33.0
64.4
48.3
47.8
18.9
Chg %
-1.6
-1.5
-1.5
-1.3
-1.2
Vol (mn) Value Trd (SAR mn)
0.863
28.76
0.078
5.03
0.018
0.85
0.963
46.12
0.652
12.31
TASI – Top Index Movers / Losers (Heavy weight stocks)
% Diff
2.4%
2.9%
3.2%
4.8%
6.6%
Company
Mobily
Samba
Al Rajhi Bk
Jabal Omar
Saudi Chem Co
Last Price
60.63
46.28
64.49
50.99
67.84
Chg %
3.6
2.9
0.4
0.9
6.1
Index Imp Value Trd (SAR mn)
10.5
73.36
8.7
0.55
3.0
2.44
2.7
0.84
2.6
0.46
Company
Sabic
Alinma Bk
Banq Saudi Fr
Dar Al Arkan
Sipchem
Last Price
104.63
23.10
34.99
11.99
32.25
Chg %
-0.3
-0.8
-0.9
-0.9
-1.0
Index Imp Value Trd (SAR mn)
-2.3
235.28
-2.2
469.11
-2.2
5.73
-1.3
115.77
-1.3
4.13
TASI – Volume Leaders
Company
Mobily
Alinma Bk
Dar Al Arkan
Zain Saudi
Saudi Kayan
Etihad Atheeb
ME Spec Cables
Amana Coop Ins
Malath Insurance
Sisco
Last Price
60.63
23.10
11.99
9.54
14.09
9.53
21.28
22.90
25.89
19.59
Chg %
3.6
-0.8
-0.9
0.4
-0.6
0.4
0.4
3.6
4.4
2.5
Vol (mn) Value Trd (SAR mn)
73.358
4265.77
20.292
469.11
9.638
115.77
8.328
79.37
5.509
77.56
5.080
48.64
3.781
80.52
3.131
70.61
2.856
73.42
2.599
50.34
TASI - Stocks Closer to 52 Week Low
TASI – Stocks Closer to 52 Week High
Company
Last Price 52Wk High
ME Spec Cables
21.28
21.80
Bupa Arabia
167.16
172.00
Saudi Arab Coop Ins 56.22
58.00
Herfy Food
104.72
109.75
Al Mouw asat
128.99
137.50
Last Price
100.40
24.27
30.80
67.84
57.67
YTD % (RHS)
TASI – Small Cap (<5% index weight) Sectors’ Performance
2
Company
Thimar
Arabia Insurance
Sasco
Saudi Chem Co
Aldrees Petroleum
Value Trd (SAR mn)
80.519
71.201
37.274
8.958
2.274
Company
Weqaya For Takaf
Tabuk Cement
Etihad Atheeb
Tihama
Yanzab
Last Price 52Wk Low
19.39
19.15
27.85
27.50
9.53
9.25
95.51
92.50
59.96
58.00
% Diff
1.3%
1.3%
3.0%
3.3%
3.4%
Value Trd (SAR mn)
0.000
0.000
0.000
0.000
7.405
Source: Al Rajhi Capital, Bloomberg
Disclosures Please refer to the important disclosures at the back of this report.
2
Daily Market Report
Saudi Arabia Stock Exchange
Performance of Regional markets
Country
Saudi Arabia
Qatar
Dubai
Abu Dhabi
Kuw ait
Oman
Bahrain
Last
Close
9,689
13,692
4,453
4,867
7,183
6,905
1,443
Index
1D
0.4
0.7
1.1
1.6
0.7
-0.2
0.1
Change (%)
1M
YTD
-3.5
13.5
1.4
31.9
-2.0
32.1
0.1
13.4
-2.4
-4.9
-1.0
1.0
-0.1
15.5
MCap
US$ bn
521
170
82
120
109
19
22
Volume
mn shr
203
13.8
117
72
133
8
0.5
Turnover
US$ mn
2,280
187
120
53
56
19
0.3
P/E (x)
2013
15.6
15.8
15.9
13.0
NA
11.3
NA
P/E (x)
Current
18.5
17.6
17.2
13.4
18.8
9.7
11.0
P/E (x)
2014E
13.7
13.9
13.4
12.1
NA
10.4
NA
P/B (x)
Current
2.3
2.2
1.6
1.7
1.2
1.5
1.0
Div Yld
12M (%)
2.9
3.4
2.1
3.4
3.7
4.1
4.7
Source: Al Rajhi Capital, Bloomberg
Services
Telcom
Transport
Investment
Reality
Bank
Insurance
-60.0
MTD % (LHS)
YTD % (RHS)
Consumer
1D % (LHS)
8.0
6.0
4.0
2.0
0.0
-2.0
-4.0
-6.0
40.0
30.0
20.0
10.0
0.0
-10.0
-20.0
-30.0
-40.0
9-Nov
13,600
80.0
2.0
70.0
1.0
60.0
0.0
50.0
-1.0
-2.0
0.3
-3.0
9-Nov
6-Nov
5-Nov
4-Nov
3-Nov
2-Nov
30-Oct
29-Oct
28-Oct
13,200
27-Oct
0.0
Insurance
0.6
YTD % (RHS)
Real Estate
0.9
MTD % (LHS)
Transport
14,000
1D % (LHS)
Consumer
1.2
Last Price Change %
5.26
5.2
0.86
3.6
1.48
2.8
10.05
2.0
1.05
1.9
Vol (mn)
0.81
4.10
0.36
19.35
11.02
Company
Takaful Emarat Ins
Dubai Islamic Ins
DFM
NA
NA
Last Price Change %
0.76
-4.5
0.89
-1.1
2.72
-0.4
NA
NA
NA
NA
Vol (mn)
2.73
0.00
2.03
NA
NA
40.0
30.0
20.0
-4.0
10.0
-5.0
0.0
Disclosures Please refer to the important disclosures at the back of this report.
Company
Waha Capital
Arkan Building Mat
FGB
Sharjah Islamic Bk
Rak Properties
Last Price Change %
2.92
7.0
1.62
5.9
18.75
5.3
1.88
2.7
0.80
2.6
Vol (mn)
11.819
0.010
1.985
0.198
1.589
Company
Sharjah Cement
Gulf Pharma Ind
UNB
Agthia Group
Comm Bk Intl
Last Price Change %
1.14
-8.1
3.05
-5.9
6.45
-5.2
6.66
-2.6
1.71
-2.3
Vol (mn)
0.160
0.134
1.139
0.027
0.025
Qatar – Top Gainers / Losers
3.0
Telecom
DSM Index (RHS)
Bank
Turnover (LHS, QAR bn)
Qatar – Sector Performances
DSM
6-Nov
5-Nov
4-Nov
3-Nov
2-Nov
30-Oct
29-Oct
28-Oct
Qatar – Activity Trend (Last 10 Days)
Company
Du
Gulf General Inv
Tabreed
Emaar Prop
Deyaar Devt
Abu Dhabi – Top Gainers / Losers
4,650
27-Oct
0.0
-30.0
Abu Dhabi – Sector Performances
Insurance
4,800
-5.0
Services
4,950
0.0
Industrial
5,100
60.0
0.0
Fin.Services
ADSMI Index (RHS)
YTD % (RHS)
30.0
Banks
Turnover (LHS, AED bn)
0.5
Dubai – Top Gainers / Losers
5.0
Telecome
Abu Dhabi – Activity Trend (Last 10 Days)
MTD % (LHS)
Energy
3-Nov
2-Nov
30-Oct
29-Oct
28-Oct
27-Oct
0.0
1D % (LHS)
DFM
0.4
10.0
ADSM
0.8
9-Nov
1.2
6-Nov
1.6
5-Nov
DFMGI Index (RHS)
4,650
4,600
4,550
4,500
4,450
4,400
4,350
4,300
4,250
4-Nov
Turnover (LHS, AED bn)
Dubai – Sector Performances
Real Estate
Dubai – Activity Trend (Last 10 Days)
Company
Barw a Real Est
Gulf Intl Servcs
Qatar Navigation
QNB
Medicare Group
Last Price Change %
48.40
7.6
127.10
1.9
101.80
1.8
221.90
1.7
126.90
1.5
Vol (mn)
4.956
0.692
0.125
0.243
0.023
Company
Vodafone Qatar
Ezdan Hold
Qatary investors
Mazaya Qatar
Qatar Insurance
Last Price Change %
19.20
-3.2
19.28
-2.1
48.30
-1.1
23.50
-1.1
97.00
-1.0
Vol (mn)
1.966
2.156
0.085
0.496
0.038
3
Daily Market Report
Saudi Arabia Stock Exchange
Kuwait – Sector Performances
1D % (LHS)
MTD % (LHS)
Kuwait – Top Gainers / Losers
Oil&Gas
Healthcare
Insurance
Basic material
Telecom
Consumer
Parallel
Services
Bank
-3.0
Fin. Services
Industrial
Real estate
Investment
-2.0
KSE
-1.0
7,000
0.0
MSM 30
Bank
Industry
Services
6,850
-4.0
6,800
-1.5
-6.0
-2.0
-8.0
-2.5
-10.0
Bahrain – Sector Performances
1.2
1D % (LHS)
1.0
MTD % (LHS)
YTD % (RHS)
0.8
0.6
0.2
5.0
Services
-0.6
Industries
0.0
-0.4
20.0
10.0
0.4
-0.2
Company
Almadina Invt
Al Maha Petroleum
NA
NA
NA
Last Price Change %
0.077
2.7
2.410
0.4
NA
NA
NA
NA
NA
NA
Vol (mn)
0.025
0.008
NA
NA
NA
Company
Last Price Change %
Gulf Invest Svcs
0.190
-4.0
Al Anw ar Holding
0.282
-2.8
Bank Nizw a
0.086
-2.3
Oman Natl Invest
0.380
-1.6
Oman & Emir (O) 50
0.174
-1.1
Vol (mn)
0.222
0.904
0.460
0.037
0.427
Bahrain – Top Gainers / Losers
15.0
Insurance
Thousands
4.0
2.0
0.0
Hotel & Tourism
9-Nov
6-Nov
5-Nov
2-Nov
30-Oct
29-Oct
28-Oct
27-Oct
23-Oct
22-Oct
-
0.5
Banks
5.0
YTD % (RHS)
-2.0
1,448
1,446
1,444
1,442
1,440
1,438
1,436
1,434
1,432
1,430
1,428
10.0
MTD % (LHS)
-1.0
BHSEASI Index (RHS)
15.0
1D % (LHS)
1.0
6,900
Bahrain – Activity Trend (Last 10 Days)
20.0
Vol (mn)
0.144
0.122
0.002
0.159
0.566
-5.0
Oman – Top Gainers / Losers
-0.5
9-Nov
6-Nov
5-Nov
4-Nov
3-Nov
2-Nov
30-Oct
29-Oct
28-Oct
27-Oct
6,950
Turnover (LHS, BHD mn)
Last Price Change %
218
-12.1
130
-7.1
68
-5.6
385
-3.8
2780
-3.5
0.0
Oman – Sector Performances
MSM30 Index (RHS)
7,050
25.0
Company
-10.0 Yiaco Medical Co
Alrai Media Grp
-15.0 Jeeran Holdings
Al-Tamdeen Invest
-20.0
Kuw ait Foods
5.0
0.0
BSE
Turnover (LHS, OMR mn)
Vol (mn)
3.416
12.228
0.004
#VALUE!
0.015
1.0
-5.0
56
52
48
44
40
36
32
28
24
20
16
12
8
4
0
Last Price Change %
22.5
12.5
16
10.3
375
8.7
53
8.2
70
7.7
10.0
-4.0
Oman – Activity Trend (Last 10 Days)
Company
Housing Finance
Al-Deera Holding
Human Soft
#N/A
Strategia Invest Co
YTD % (RHS)
2.0
Technology
7,400
7,350
7,300
7,250
7,200
7,150
7,100
7,050
7,000
9-Nov
6-Nov
5-Nov
4-Nov
3-Nov
30-Oct
29-Oct
28-Oct
2-Nov
Turnover (LHS, KWD mn)
KWSEIDX Index (RHS)
30
25
20
15
10
5
0
27-Oct
Thousands
Kuwait – Activity Trend (Last 10 Days)
Company
Aluminium Bahrain
Albaraka Banking
NA
NA
NA
Company
0.0
-5.0
NA
NA
NA
NA
NA
Last Price Change %
0.510
1.0
0.840
0.6
NA
NA
NA
NA
NA
NA
Vol (mn)
0.015
0.006
NA
NA
NA
Last Price Change %
NA
NA
NA
NA
NA
NA
NA
NA
NA
NA
Vol (mn)
NA
NA
NA
NA
NA
Source: Bloomberg, Al Rajhi Capital
Disclosures Please refer to the important disclosures at the back of this report.
4
Daily Market Report
Saudi Arabia Stock Exchange
Disclaimer
This research document has been prepared by Al Rajhi Capital Company (“Al Rajhi Capital”) of Riyadh, Saudi Arabia. It has been prepared
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Contact us
Jithesh Gopi, CFA
Head of Research
Tel : +966 11 211 9332
[email protected]
Al Rajhi Capital
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