Weekly Investment Report - Amazon S3 · Zawya: December data signalled a slowdown in growth in Dubai’s non-oil private sector, according to the Emirates NBD Dubai Economy Tracker

1

Bloomberg: The underlying pace of U.S. inflation unexpectedly accelerated in December amid increased housing costs, reinforcing the outlook for the

Federal Reserve to raise interest rates several times in 2018. Excluding food and energy, the so-called core consumer price index increased 1.8% from a

year earlier after a 1.7% advance, including a 0.3% monthly gain that topped analyst projections and was the most in almost a year. Including all items,

the broader CPI showed a smaller gain in December in line with estimates, as energy prices declined, according to Labor Department report. The 0.3%

monthly increase in the core CPI topped the 0.2% median estimate of economists surveyed by Bloomberg. Investors’ already -firm expectations rose for

a Fed interest-rate increase in March, as the data could help calm an increasingly heated debate among central bank officials over why inflation has

stayed relatively placid despite solid economic growth and the lowest unemployment rate since 2000. Fed policy makers have pencilled in three rate

hikes in 2018 following three last year. A separate Commerce Department report showed U.S. retail sales rose in December and November’s gain was

revised upward, indicating a robust holiday-shopping season.

Zawya: December data signalled a slowdown in growth in Dubai’s non-oil private sector, according to the Emirates NBD Dubai Economy Tracker Index .

The seasonally adjusted Emirates NBD Dubai Economy Tracker Index eased to 54.7 in December compared to 55.3 in November, slowest rate of im-

provement for 14 months. By sector, wholesale and retail (index at 54.9) was the best performing category, closely followed by construction (index at

53.5). The travel and tourism sector (51.2) experienced the slowest improvement in business conditions. Job creation in the non-oil private sector con-

tinued for the tenth month running during November. The rate of hiring eased, however, and was the weakest reported since June. According to anec-

dotal evidence, firms increased payroll numbers in order to meet rising output requirements. Business activity expectations remained strongly positive

overall during December’s survey. The degree of confidence improved since November and registered above the series’ long-run average. An expected

economic upturn alongside incoming new projects underpinned confidence among non-oil private sector firms in Dubai.

Al Masah Capital: 2018 continues to boost hope and optimism among investors worldwide, with almost all of the main indices ending the second we ek

of the year on a positive note. Regional markets joined the parade, with all six indices ending the week in the green territory, with only Oman having a

marginally lower weekly performance of -0.3%. Egypt comes as the best performer among its peers over the week, going up by +3.1%, followed by

Kuwait +1.6%, Dubai and Abu Dhabi each up by +0.9%, while Saudi Arabia advanced by +0.8%, followed by Bahrain +0.3%. Oil pric es rose for a sixth day

on Friday after Russia's oil minister said that global crude supplies were "not balanced yet," alleviating market concerns about a wind-down of the OPEC

-led deal to reduce production. Brent was trading just below the USD70 per barrel. For the coming period, investors’ optimism will continue driving

trading activities in the region higher backed by the increase in oil prices and governments’ improved macro outlook based on this increase.

Data and News Source: Thomson Reuters

Weekly Investment Report

Sunday, January 14, 2018

Economic & Market News

Indexes Last WTD (%) MTD (%) YTD (%)

DJI 25,803.19 2.01% 4.39% 4.39%

S&P 500 2,786.24 1.57% 4.21% 4.21%

NASDAQ 6,758.54 1.58% 5.66% 5.66%

STOXX Europe 600 398.49 0.29% 2.39% 2.39%

FTSE 100 7,778.64 0.70% 1.18% 1.18%

DAX 13,245.03 -0.56% 2.53% 2.53%

CAC 40 5,517.06 0.85% 3.85% 3.85%

Nikkei 225 23,653.82 -0.26% 3.90% 3.90%

SENSEX 34,592.39 1.28% 1.57% 1.57%

Shanghai Composite 3,428.94 1.10% 3.68% 3.68%

Hang Seng 31,412.54 1.94% 4.99% 4.99%

Commodities & FX Last WTD (%) MTD (%) YTD (%)

Oil (Brent) 69.87 3.08% 4.49% 4.49%

Natural Gas 3.20 12.87% 8.36% 8.36%

Gold 1338.34 1.35% 2.76% 2.76%

Silver 17.25 0.65% 1.81% 1.81%

EURUSD 1.22 1.31% 1.58% 1.58%

GBPUSD 1.37 1.17% 1.59% 1.59%

USDJPY 111.03 -1.80% -1.46% -1.46%

USDCHF 0.97 -0.72% -0.65% -0.65%

AUDUSD 0.79 0.64% 1.42% 1.42%

USDCAD 1.25 0.39% -0.97% -0.97%

LIBOR US Dollar WoW (%) Euro WoW (%)

1 Month 1.631 0.59% -0.391 -0.22%

2 Month 1.720 0.95% -0.381 -0.78%

3 Month 1.880 1.20% -0.325 0.31%

6 Month 1.453 0.00% -0.300 0.14%

12 Month 1.736 -0.02% -0.187 0.16%

Indexes Last WTD (%) MTD (%) YTD (%)

Dubai (DFMGI) 3,494.63 0.90% 3.70% 3.70%

Abu Dhabi (ADSMI) 4,591.11 0.94% 4.38% 4.38%

Saudi (SASEIDX) 7,338.04 0.84% 1.55% 1.55%

Kuwait (KWSE) 6,560.63 1.65% 2.38% 2.38%

Egypt (EGX30) 15,242.48 3.11% 1.49% 1.49%

Qatar (DSM) 9,135.86 5.85% 7.19% 7.19%

Bahrain (BHSEIDX) 1,316.88 0.35% -1.11% -1.11%

Oman (MSM30) 5,087.47 -0.34% -0.23% -0.23%

TR GCC (Reuters) 200.90 2.61% 5.15% 5.15%

DJ MENA 526.67 0.00% 0.00% 0.00%

2 Data and News Source: Thomson Reuters

Zawya: Egypt's inflation dropped sharply in December, the latest apparent indication of economic improvement after the 2016 currency float hit Egyptians hard. Economists say, however, it may just be showing that spending power has yet to recover. Prices climbed to record highs and the Egyptian pound lost half its value after the central bank floated it in November 2016 in a bid to secure a USD 12 billion IMF loan to boost economic growth after years of turmoil. With the pound at about 17.7 to the U.S. dollar from a pegged 8.8 before the float, Egyptians have had to amend their spending habits to deal with their incomes and savings being slashed in half. Urban consumer inflation eased to 21.9% percent in December from 26 percent the previous month, its lowest reading since the flotation. Core inflation, stripping out volatile items such as food, fell to 19.86% from 25.53%. Since the float, Egyptian exports have found new markets, narrowing the country's trade deficit, and foreign re-serves and foreign direct investment have surged to record highs. Monthly headline inflation contracted for the first time in two years in December due to a decline in the prices of poultry, meat and some vegetables and beans, according to the data. Reuters: China’s exports and imports growth slowed in December after surging in the previous month, adding to signs of ebbing economic momentum as the government extends a crackdown on financial risks and factory pollution. A synchronized uptick in the global economy over the past year has been a boon to China and much of trade-dependent Asia, with Chinese exports in 2017 growing at their quickest pace in four years. The sharp December imports slowdown, however, is raising concerns that the world’s second-biggest economy faces domestic-demand pressure as authorities turn off cheap credit and restrict speculative financing. In December, exports rose 10.9% from a year earlier, beating analysts’ forecast of a 9.1% increase, but cooling from a robust 12.3% gain in November, the General Administration of Customs. Imports grew at an even slower pace of 4.5% year-on-year last month, the weakest since they rose 3.1% in December 2016, and way below forecasts of 13.0% growth. Despite the De-cember slowdown, the overall picture for 2017 underscored strong global appetite for Chinese products ranging from electronics, household appliances and a vast array of consumer goods. Exports from the Asian giant for the full year rose 7.9%, the fastest rate since 2013, while imports also gained a sizzling 15.9%, the best since 2011, thanks to insatiable Chinese demand for commodities. Zawya: Bahrain recorded an annual real GDP growth rate of 3.6% and nominal GDP annual growth rate of 6.9% during the third quarter (Q3) of 2017 compared to the same period the previous year, according to Information & eGovernment Authority (iGA). According to the report, Bahrain's economy has witnessed a growth due to infrastruc-ture’s investments increase and the financial stability of the Kingdom. These positive indicators reflect government’s efforts to enhance the national economy which faces challenges at the local, regional and international levels. The report demonstrated that the real quarterly growth rate is 1.6% and the nominal growth rate is 2.2% when compared to the second quarter’s 2017 results. It has also shown that the results of growth rates in the oil sector have increased by nearly 13.4% at current prices due to the high price of a barrel of oil compared to the previous year. Due to the increase of production, the manufacturing industry has grown by 3.2% at constant prices and 3.5% at the current prices. Construction sector grew by 0.8% at constant prices and 12% at current prices. Real estate and business activities grew by 4.6% at constant prices and by the same percentage at current prices. While the transport and communications sector achieved an increase of 5.8% in constant prices and 8.3% in current prices. The report pointed out that other government services increased by 3.1% at constant prices and by 2% at current prices.

Economic & Market News (continued)



1.2561.404

1.589

1.803 1.9602.285

2.476

2.810

1.3041.445

1.602

1.782 2.0022.348

2.552

2.853

0

1

2

3

4

1M 3M 6M 12M 2Y 5Y 10Y 30Y

US Government Bonds - Yield to Maturity (%)

Last Week Current Week

8.310.5

13.2

-

10.3 11.8

-

8.8

12.3

1.2 1.6 1.7-

2.3 1.3 0.8 1.0 1.5

0

4

8

12

16

Dubai Abu Dhabi Saudi Kuwait Egypt Qatar Bahrain Oman Average

PE PBMENA Market - Price Ratios

119.0

53.784.8

-

331.9

92.2

287.1

-

161.4

0

300

600

Dubai Abu Dhabi Saudi Kuwait Egypt Qatar Bahrain Oman Average

5-Year CDS Rates (basis points)

0

10

20

30

40

50

Oct-

14

No

v-1

4

Dec

-14

Jan

-15

Feb

-15

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-15

Ap

r-1

5

May

-15

Jun

-15

Jul-

15

Au

g-1

5

Sep

-15

Oct

-15

No

v-1

5

Dec

-15

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-16

Feb

-16

Mar

-16

Ap

r-1

6

May

-16

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-16

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16

Au

g-1

6

Sep

-16

Oct

-16

No

v-1

6

Dec

-16

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-17

Feb

-17

Mar

-17

Ap

r-1

7

May

-17

Jun

-17

Jul-

17

Au

g-1

7

Sep

-17

Oct

-17

CBOE S&P Volatility Index - VIX

60

70

80

90

100

110

120

130

Oct-14 Dec-14 Mar-15 May-15 Jul-15 Sep-15 Nov-15 Jan-16 Mar-16 May-16 Jul-16 Sep-16 Nov-16 Jan-17 Mar-17 May-17 Jul-17 Sep-17

Global Equity Indexes - Rebased

S&P 500 STOXX Europe 600 TR MENA MSCI Asia ex. Japan

3

Government Bonds

Government Bond Name Currency Maturity Coupon Current Yield (%) YTM - Ask (%) Rating * Bid Ask

UAE - Emirate of Abu Dhabi ABU DHABI GOVT INT'L USD 08/04/2019 6.75 2.38 2.38 AA 105.25 105.30

United States of America US TREASURY N/B USD 31/05/2020 1.50 2.06 2.06 AAA 98.72 98.74

United Kingdom of Great Britain UK TSY 4 3/4% 2020 GBP 07/03/2020 4.75 0.59 0.59 AAA 108.84 108.87

Kingdom of Bahrain KINGDOM OF BAHRAIN USD 31/03/2020 5.50 4.59 4.59 102.66 102.95

UAE - Emirate of Dubai DUBAI GOVT INT'L BONDS USD 05/10/2020 7.75 2.87 2.84 112.66 112.94


State of Qatar STATE OF QATAR USD 15/06/2030 9.75 4.09 4.09 Aa3 154.61 155.61

Arab Republic of Egypt ARAB REPUBLIC OF EGYPT USD 30/04/2040 6.88 6.81 6.83 B3 100.73 101.50


Kingdom of Bahrain KINGDOM OF BAHRAIN USD 19/09/2044 6.00 7.31 7.29 B+ 84.74 85.49

Data and News Source: Thomson Reuters * Thomson Reuters composite rating; NR = No Rating

Corporate Bonds

Government/Parent Company Bond Name Currency Maturity Coupon Current Yield (%) YTM - Ask (%) Rating * Bid Ask

Abu Dhabi Water & Electricity TAQA ABU DHABI NATL ENER USD 01/08/2018 7.25 2.31 2.31 BBB+ 102.63 102.65

Abu Dhabi Water & Electricity TAQA ABU DHABI NATL ENER USD 16/09/2019 6.25 2.70 2.70 BBB+ 105.74 105.82

Qatar Petroleum RAS LAFFAN LNG 3 USD 30/09/2019 6.75 2.66 2.67 A 106.76 106.84

National Bank of Oman NATIONAL BANK OF OMAN USD 07/10/2019 3.13 3.44 3.45 Baa3 99.47 99.55

Qatari Diar Real Estate Invest QATARI DIAR FINANCE QSC USD 21/07/2020 5.00 3.07 3.07 Aa3 104.62 105.37

Stichting Waha Aerospace WAHA AEROSPACE BV USD 28/07/2020 3.93 2.72 2.72 AA 101.50 102.25

Qatar Petroleum RAS LAFFAN LNG II USD 30/09/2020 5.30 3.01 3.01 A 103.25 103.32

Investment Corp of Dubai EMIRATES NBD PJSC EUR 23/03/2022 1.75 0.95 0.96 A+ 103.28 103.98

Saudi Electricity Co SAUDI ELECTRICITY GLOBAL USD 03/04/2022 4.21 3.12 3.13 A 104.27 105.02

Emaar Malls Group PJSC EMG SUKUK LTD USD 18/06/2024 4.56 3.92 3.92 Baa2 103.63 104.06

Emirate of Sharjah United Arab SHARJAH SUKUK LTD USD 17/09/2024 3.76 3.28 3.28 A3 102.87 103.18

Qatar Petroleum RAS LAFFAN LNG 3 USD 30/09/2027 5.84 3.83 3.83 A 112.12 112.45

Qatar Gas Transport Co Ltd NAKILAT INC USD 31/12/2033 6.07 4.09 4.09 A 116.39 116.85

Port & Free Zone World FZE DP WORLD LTD USD 02/07/2037 6.85 4.89 4.89 BBB+ 124.38 125.38

Burgan Bank SAK BURGAN TIER 1 FINANCING USD Perpetual 7.25 6.08 7.54 101.86 102.54

Emirates NBD PJSC EMIRATES NBD 2014 TIER 1 USD Perpetual 6.38 5.09 6.42 103.15 103.85




EIBOR 1 Week 1 Month 2 Months 3 Months 6 Months 12 Months

1.3410 1.6250 N/A 1.8190 2.0015 2.5912

Deposit Rates T/N 1 Week 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months

1.51 0.75 1.53 1.59 1.68 1.86 2.02 2.17

Swap Rates 1 Year 2 Years 3 Years 4 Years 5 Years 7 Years 10 Years

2.11 2.43 2.67 2.87 3.04 3.34 3.66

UA

E

Money Markets

SAIBOR 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months

1.69 2.03 1.89 2.09 2.39 2.28

Deposit Rates T/N 1 Week 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months

1.05 1.31 1.53 1.59 1.62 1.80 2.03 2.00


2.22 2.58 2.81 2.98 3.15 3.39 3.68

Sau

di

KIBOR O/N 1 Month 3 Months 6 Months 1 Year 2 Years 3 Years

0.75 1.69 1.88 2.06 2.38 2.39 2.25

Deposit Rates O/N T/N 1 Week 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months

0.37 0.37 1.26 1.56 1.62 1.71 1.89 2.05 2.20


1.94 2.26 2.36 0.00 2.46 2.5000 2.5900

Ku

wai

t

EGIBR O/N < 1 Week 1 Week < 1 Month 1 Month > 1 Month

10.90 9.20 9.31 11.10 11.10 8.85

Bank Rates Re Discount Lending Benchmark

9.25 9.75 8.75

T-Bill Yields 1 Week 1 Month 3 Months 6 Months 9 Months 1 Year 2 Years 3 Years

10.80 11.30 11.50 11.65 11.75 11.80 12.40 12.70

Egyp

t

QIBOR O/N 1 Week 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months

0.82 0.88 0.97 1.06 1.14 1.29 1.37 1.47

Deposit Rates 1 Week 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months

1.51 1.15 1.00 1.52 1.57 1.05 1.83

QCB Interest Rates O/N Deposit O/N Lending Repo Rate

0.75 4.50 4.50

Qat

ar

BHIBOR O/N 1 Week 1 Month 2 Months 3 Months 6 Months 9 Months 12 Months

1.60 1.90 2.50 2.60 2.78 2.95 3.10 3.33

Interest Rates O/N Deposit 1W Deposit O/N Repo O/N Secured

1.40 1.75 3.50 3.50


2.84 3.19 3.30 3.34 3.39 3.45 3.53

Bah

rain




Top Gainers Close

* WTD % YTD %

Mkt. Cap.(AED mln)

ARABTEC HOLDING PJSC 2.75 12.24% 15.55% 4,125

MASHREQBANK PSC 76.95 9.93% 9.93% 13,660

DEYAAR DEVELOPMENT PJSC 0.56 6.10% 13.67% 3,218

DAR AL TAKAFUL PJSC 0.96 5.24% 11.70% 145

DUBAI ISLAMIC INSURANCE & REINS 0.87 4.32% 8.76% 196

Du

bai

Top Weekly Performers by Country (* indicates native currency; Data as of the previous Thursday)

Ab

u D

hab

i Sa

ud

i K

uw

ait

Egyp

t Q

atar

Top Losers Close

* WTD % YTD %

Mkt. Cap.(AED mln)

AL SAFWA MUBASHER FINANCIAL SER 0.81 -10.00% -10.00% 457

DRAKE AND SCULL INTERNATIONAL 2.24 -4.68% -0.88% 2,399

EMAAR PROPERTIES PJSC 7.18 -3.10% 3.46% 51,403

MARKA PJSC 0.58 -2.52% 5.26% 290

SHUAA CAPITAL PSC 1.17 -2.50% -3.31% 1,246

Top Gainers Close

* WTD % YTD %

Mkt. Cap.(AED mln)

ABU DHABI NATIONAL FOR BUILDING 0.50 19.05% 19.05% 150

RAS AL KHAIMAH CEMENT CO PSC 0.82 15.49% 30.16% 458

EMIRATES DRIVING CO PJSC 9.20 15.00% 15.00% 826

EMIRATES INSURANCE COMPANY PSC 6.90 15.00% 15.00% 1,035

AXA GREEN CRESCENT INSURANCE CO 0.89 14.10% 5.95% 178

Top Losers Close

* WTD % YTD %

Mkt. Cap.(AED mln)

UNITED ARAB BANK PJSC 1.77 -17.67% -17.67% 2,434

NATIONAL INVESTOR PJSC 0.45 -11.76% -11.76% 26

AGTHIA GROUP PJSC 4.63 -3.14% -3.54% 2,778

AL QUDRA HOLDING PJSC 1.25 -3.10% -3.10% 1,011

WAHA CAPITAL PJSC 1.91 -3.05% 2.14% 3,714

Top Gainers Close

* WTD % YTD %

Mkt. Cap.(SAR mln)

AXA COOPERATIVE INSURANCE CO 22.60 15.66% 14.14% 1,017

RABIGH REFINING AND PETROCHEM 19.52 15.50% 18.59% 17,100

UNITED INTERNATIONAL TRANSPORT 29.50 7.27% 8.46% 2,100

SAUDI COMPANY FOR HARDWARE 115.20 6.86% 5.11% 2,765

SAUDI ARABIA FERTILIZERS CO SJSC 68.70 6.84% 5.37% 28,627

Top Losers Close

* WTD % YTD %

Mkt. Cap.(SAR mln)

FAWAZ ABDULAZIZ ALHOKAIR CO SJSC 29.10 -5.98% -4.28% 6,111

AL SORAYAI TRADING AND IND 12.46 -5.96% -5.96% 467

NAJRAN CEMENT CO SJSC 9.93 -5.43% -4.70% 1,688

SAUDI RE FOR COOPERATIVE REINS 8.52 -5.33% -10.02% 852

BUPA ARABIA FOR COOPERATIVE INS 88.80 -5.23% -4.52% 7,104

Top Gainers Close (fils) *

WTD % YTD % Mkt. Cap.(KWD mln)

AMWAL INTERNATIONAL INVEST 45.70 38.48% 35.61% 8

KUWAIT CABLE VISION COMPANY 23.00 27.78% 21.05% 1

MENA REAL ESTATE CO KSCP 20.30 27.67% 23.78% 4

REAL ESTATE ASSET MANAGEMENT 590.00 18.95% 18.95% 62

AL AHLI BANK OF KUWAIT KSCP 340.00 18.06% 17.24% 551

Top Losers Close (fils) *

WTD % YTD % Mkt. Cap.(KWD mln)

GULF INSURANCE GROUP KSCP 650.00 -21.12% -21.12% 122

AMAR FINANCE AND LEASING CO 46.00 -16.36% -16.36% 9

ARABI GROUP HOLDINGS KSCP 69.90 -12.63% -17.76% 12

BURGAN FOR WELL DRILLING TRAD 70.00 -12.50% -16.67% 16

IFA HOTELS AND RESORTS CO KSCP 170.00 -8.11% -5.56% 108

Top Gainers Close WTD % YTD % Mkt. Cap.

EL NASR TRANSFORMERS AND ELEC 14.94 17.27% 18.10% 595

GLAXOSMITHKLINE SAE 23.09 15.97% 35.03% 1,926

ALEXANDRIA CO FOR PHARMA 123.20 14.15% 12.04% 615

ABU QIR FERTILIZERS AND CHEMICAL 24.33 13.69% 13.16% 30,667

EGYPTIAN TRANSPORT AND COMMER 14.11 12.70% 11.54% 440

Top Losers Close

* WTD % YTD %

Mkt. Cap.(EGP mln)

SOUTH CAIRO AND GIZA MILLS AND 29.16 -8.90% -8.53% 175

EL NASR FOR MANUFACTURING AGRI 9.12 -8.43% 10.68% 72

UPPER EGYPT FLOUR MILLS SAE 134.48 -7.69% -7.69% 941

ARAB MOLTAQA INVESTMENTS CO 23.72 -6.72% -13.08% 586

VODAFONE EGYPT TELECO 127.17 -6.66% -6.66% 0

Top Gainers Close WTD % YTD % Mkt. Cap.

QATAR INSURANCE CO SAQ 60.49 14.13% 16.30% 16,774

UNITED DEVELOPMENT COMPANY 16.34 11.54% 13.63% 5,786

QATARI INVESTORS GROUP QSC 40.60 10.93% 10.93% 5,048

MASRAF AL RAYAN QPSC 42.49 9.14% 12.56% 31,868

MEDICARE GROUP QSC 80.63 8.96% 15.43% 2,269

Top Losers Close

* WTD % YTD %

Mkt. Cap.(QAR mln)

AHLI BANK QSC 35.03 -21.16% -10.16% 7,018

DOHA INSURANCE CO QSC 14.05 -6.33% 0.36% 702

OOREDOO QSC 91.00 -5.41% -10.61% 29,149

QATAR CINEMA AND FILM DIST 23.85 -4.60% -4.60% 150

ZAD HOLDING CO SAQ 78.00 -3.70% -3.70% 1,020



6

Company Name Country Market Cap (USD mln)

Close * MTD % YTD % 52w High

* 52w Low

* P/E P/B

Dividend Yield

1 SAUDI BASIC INDUSTRIES CORPORATION SA 81,280 101.60 -0.2% -0.2% 105.40 92.00 15.9 1.9 5.9%

2 EMIRATES TELECOMMUNICATIONS GROUP AE 42,502 17.95 2.6% 2.6% 18.90 15.75 17.6 3.7 4.5%

3 SAUDI TELECOM COMPANY SJSC SA 36,373 68.20 -0.6% -0.6% 78.90 64.50 14.1 2.2 5.9%

4 QATAR NATIONAL BANK QPSC QA 33,748 133.00 5.5% 5.5% 157.27 115.01 9.5 1.6 2.4%

5 FIRST ABU DHABI BANK PJSC AE 32,786 11.05 7.8% 7.8% 11.55 9.72 12.5 1.2 4.1%

6 NATIONAL COMMERCIAL BANK SJSC SA 29,867 56.00 1.6% 1.6% 58.00 37.00 11.7 1.8 0.0%

7 AL RAJHI BANKING & INVESTMENT CORP SA 29,640 68.40 5.9% 5.9% 71.70 61.00 12.8 2.1 3.3%

8 SAUDI ELECTRICITY COMPANY SJSC SA 22,733 20.46 -2.8% -2.8% 26.05 19.65 8.5 1.1 3.4%

9 DP WORLD LTD AE 21,995 26.50 6.0% 6.0% 26.70 18.65 21.4 2.2 1.4%

10 INDUSTRIES QATAR QSC QA 17,618 106.00 9.3% 9.3% 121.60 85.00 24.8 1.9 3.8%

11 SAUDI ARABIAN MINING CO SJSC SA 16,546 53.10 1.9% 1.9% 57.00 38.50 184.7 2.4 0.0%

12 NATIONAL BANK OF KUWAIT SAKP KW 14,975 762.00 4.7% 4.7% 800.00 628.57 15.1 1.4 3.7%

13 EMIRATES ISLAMIC BANK PJSC AE 14,489 9.80 0.0% 0.0% 11.95 1.57 107.0 7.4 0.0%

14 JABAL OMAR DEVELOPMENT CO SJSC SA 14,449 58.30 -1.4% -1.4% 75.60 58.00 402.4 5.3 0.0%

15 ALMARAI CO SJSC SA 14,000 52.50 -2.4% -2.4% 78.64 51.80 25.3 3.7 1.4%

16 EMAAR PROPERTIES PJSC AE 13,996 7.18 3.5% 3.5% 8.95 6.75 8.6 1.2 2.1%

17 SAMBA FINANCIAL GROUP SJSC SA 13,387 25.10 6.7% 6.7% 27.10 19.80 10.3 1.2 3.8%

18 EMIRATES NBD BANK PJSC AE 12,332 8.15 -0.6% -0.6% 8.94 7.95 6.1 0.8 4.9%

19 KUWAIT FINANCE HOUSE KSCP KW 11,489 600.00 4.2% 4.2% 650.00 467.00 17.7 1.9 2.6%

20 SAUDI BRITISH BANK SJSC SA 11,460 28.65 6.1% 6.1% 29.40 20.05 11.1 1.3 2.4%

21 RIYAD BANK SJSC SA 10,432 13.04 3.7% 3.7% 13.04 10.10 12.0 1.0 5.0%

22 ABU DHABI COMMERCIAL BANK PJSC AE 10,332 7.30 7.4% 7.4% 7.68 6.55 9.4 1.2 5.5%

23 BANQUE SAUDI FRANSI SJSC SA 9,643 30.00 5.3% 5.3% 33.40 22.10 10.3 1.1 3.5%

24 EZDAN HOLDING GROUP QSC QA 9,276 12.73 5.4% 5.4% 16.58 6.19 17.5 1.1 3.9%

25 YANBU NATIONAL PETROCHEMICALS CO SA 9,270 61.80 4.7% 4.7% 62.50 52.00 15.8 2.2 4.9%

26 MASRAF AL RAYAN QPSC QA 8,755 42.49 12.6% 12.6% 45.40 33.32 15.3 2.5 4.7%

27 DUBAI ISLAMIC BANK PJSC AE 8,746 6.50 5.0% 5.0% 6.56 5.36 8.9 1.3 6.9%

28 KINGDOM HOLDING CO SA 8,598 8.70 -2.2% -2.2% 12.05 7.90 50.9 1.0 5.7%

29 OOREDOO QSC QA 8,492 96.50 6.3% 6.3% 116.10 78.00 16.1 1.4 3.6%

30 ALINMA BANK SJSC SA 7,880 19.70 2.8% 2.8% 19.72 13.95 15.9 1.5 2.5%

31 EMAAR MALLS PJSC AE 7,795 2.20 3.3% 3.3% 2.70 2.00 14.6 1.8 4.5%

32 SAUDI ARABIA FERTILIZERS CO SJSC SA 7,633 68.70 5.4% 0.0% 74.50 57.00 26.4 4.2 0.0%

33 ARAB NATIONAL BANK SA 7,067 26.50 7.0% 7.0% 26.60 19.00 9.0 1.1 3.4%

34 MOBILE TELECOMMUNICATIONS CO KW 6,869 478.00 10.1% 10.1% 570.00 407.00 12.2 1.4 7.3%

35 EMIRATES INTEGRATED TELECO AE 6,435 5.17 1.4% 1.4% 6.32 4.79 14.2 3.1 6.6%


Top 50 MENA Stocks by Market Capitalization (* indicates native currency; Latest data)



7

Company Name Country Market Cap (USD mln)

Close * MTD % YTD % 52w High

* 52w Low

* P/E P/B

Dividend Yield

36 QATAR ISLAMIC BANK QPSC QA 6,427 99.00 2.1% 2.1% 110.50 86.90 10.3 1.2 4.8%

37 EMAAR DEVELOPMENT PJSC AE 6,240 5.73 12.6% 12.6% 5.93 5.00 8.7 2.7 0.0%

38 DAMAC PROPERTIES DUBAI CO PSC AE 5,617 3.41 3.3% 3.3% 4.57 2.48 0.0 1.5 0.0%

39 SAVOLA GROUP COMPANY SJSC SA 5,575 39.15 -0.8% -0.8% 51.00 32.30 195.8 2.3 0.0%

40 QATAR ELECTRICITY AND WATER CO QSC QA 5,560 184.00 3.4% 3.4% 247.90 161.99 12.5 2.3 4.1%

41 COMMERCIAL INTERNATIONAL BANK EG 5,253 79.94 3.3% 3.3% 88.80 71.12 13.7 3.5 0.6%

42 AHLI UNITED BANK BSC BA 5,176 0.69 -2.1% -2.1% 0.79 0.59 9.1 1.2 6.0%

43 ALDAR PROPERTIES PJSC AE 4,817 2.25 2.3% 2.3% 2.74 2.10 6.9 0.8 0.0%

44 MESAIEED PETROCHEMICAL HOLDING CO QA 4,728 13.70 8.8% 8.8% 15.98 10.51 15.9 1.2 4.4%

45 QATAR INSURANCE CO SAQ QA 4,608 60.49 16.3% 16.3% 77.39 36.90 25.7 1.8 2.2%

46 RABIGH REFINING AND PETROCHEMICAL SA 4,560 19.52 18.6% 18.6% 19.84 10.60 0.0 1.9 0.0%

47 SAUDI KAYAN PETROCHEMICAL CO SJSC SA 4,472 11.18 4.5% 4.5% 11.28 7.40 17.1 1.2 0.0%

48 AGILITY PUBLIC WAREHOUSING CO KSCP KW 3,847 869.00 8.4% 8.4% 984.00 509.09 16.9 1.2 1.6%

49 BARWA REAL ESTATE COMPANY QPSC QA 3,741 34.99 9.3% 9.3% 41.80 27.36 10.2 0.7 7.1%

50 JARIR MARKETING CO SJSC SA 3,720 155.00 5.9% 5.9% 158.80 116.00 16.8 8.8 4.7%

Total MCap; Weighted Avg Div Yield 687,232 3.5%


Top 50 MENA Stocks by Market Capitalization — Continued (* indicates native currency; Latest data)



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