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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&
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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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