Daily Report

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09 April 2019

Daily Report

Saudi Stock Exchange

Index Closing High Low Daily

Change % YTD %

TASI 9,038 9,038 8,944 0.3 15.5

NomuC

3,559 3,585 3,557

(0.1)

28.1

TASI movement during session

Index Close Daily

Change % % YTD PE

(TTM)

Energy 4,626 0.5

(4.6)

17.6 Materials 5,863 0.6 11.6 18.2

Capital Goods 3,983 0.4 2.1 -17.7

Commercial Service 4,182 0.3 1.1 17.8

Transportation 3,722 0.4 7.1 22.0

Consumer Durables 3,647 0.2

(0.5)

-87.9

Consumer Services 3,738

(0.1)

26.8 323.1

Media 9,203 0.2

(9.6)

52.1 Retailing 7,392

(0.5)

7.7 34.6

Food & Staples 6,187 0.6 4.1 24.5

Food & Beverages 4,480 2.7 15.2 67.0

Healthcare 3,849 0.4 2.4 20.1

Pharma & Bio Tech 3,575 0.6

(7.8)

24.9 Banks 8,866

(0.1)

22.9 15.9

Diversified

Financials 3,604 0.0 3.6 -28.9

Insurance 4,229 0.9 1.3 80.2

Telecom 6,635 0.7 22.7 34.6

Utilities 3,700 0.7 9.8 191.8

REITs 3,639

(0.3)

0.4 15.9

Real Estate 3,325 0.4 3.1 24.1

Average Index Value

Average 5

days

Average 10 days

Average 20 days

Average value traded for the month (bn)

9,007 8,898 8,754 3.35

Market Statistics

Value Traded

(SAR bn)

Volumes (mn shares)

No. of Trades (‘000 shares)

Current Week 6.0 238.0 210.7

Previous week 16.8 667.6 554.5

Major Economic News

 According to the Saudi Press Agency, KSA’s Ministry of Energy mentioned there was no alteration to KSA’s long-standing policy of trading oil in US dollars. He added that news circulated in this repute is wrong, and that trading oil in dollars bodes well for KSA’s monetary and fiscal policies. (Source: Argaam)

 According to the Saudi Press Agency, the Saudi Ministry of Municipal & Rural Affairs (MoMRA) inked eight deals to enhance services and uphold the solid infrastructure of KSA’s road network and utilities. The change comes in line with the king’s royal decree targeted at guarding public utilities through the combined efforts of all competent ministries and authorities. (Source: Argaam)

 According to the UAE’s Ministry of Finance, the Avoidance of Double Taxation deal inked between the UAE and KSA came into effect from the start of this month. This comes after both nations finished essential procedures in accordance with their regulations. (Source: Argaam)

 According to new market data, foreign investors – including strategic partners – enhanced their ownership in the Saudi Stock Exchange (Tadawul) to an all-time high of 5.47% percent in the week ending April 4, 2019. (Source: Argaam)

Major Corporate News

 Al Abdullatif Industrial Investment Co. (AIIC) won a contract worth SAR 19.9mn by the General Presidency of Haram Masjid and Nabawi Masjid Affairs. Under the 18-month contract, AIIC would provide carpets, rugs, and other furnishings to the Prophet's Mosque in Madinah. (Source: Argaam)

 Arabian Cement Co.’s shareholders accepted a 10.0% cash dividend for financial year 2018 during the extraordinary general assembly meeting on April 7, 2019. The company’s shareholders delegated the board of directors to issue a dividend for fiscal year 2019 on a quarterly or semi-annual basis according to the corporate law. (Source: Argaam)

Market Analysis

 The Saudi Stock Exchange increased 0.3% to 9,039.0 on Monday. The value traded stood at SAR 3.0bn (up 2.5% over previous day), while the advance-decline ratio stood at 105/70. The parallel market index decreased 0.1% to 3,559.4 points. The value traded stood at SAR 1.7mn (down 7.3% over previous day).

Most sectors in the main market ended in the green.

Food & Beverages and Insurance (up 2.7% and 0.9%, respectively) advanced the most; Retailing and REITs (down 0.5% and 0.3%, respectively) led the laggards.

Top Gainers

Company Price Change%

Enaya 14.10 5.7

Gulf Union 15.06 5.5

SCC 42.50 4.7

TASNEE 19.90 3.4

Savola Group 32.70 3.3

Top Losers

ACC 24.94 -4.1

spcc 44.50 -2.8

ALAWWAL 17.92 -1.9

CHUBB 22.48 -1.8

SABB 39.25 -1.5

Top Weighted Companies

Al Rajhi 72.40 -1.1

SABIC 127.20 0.2

NCB 58.30 2.3

SAMBA 38.95 0.5

Riyad 25.00 0.4

0.0 0.8 1.6 2.4

8,940 8,970 9,000 9,030

10:00 AM 11:00 AM 12:00 PM 1:00 PM 2:00 PM 3:00 PM

Millions

Volume Mn (RHS) TASI

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09 April 2019

Daily Report

Regional Markets

Market Close Daily

Change % MTD % YTD %

Dubai (DFM) 2,797 0.6 6.2 10.6

Abu Dhabi (ADX) 5,075 0.5 0.0 3.3

Kuwait (KSE) 4,978 0.0 1.2 5.1

Qatar (QE) 10,227 0.3 1.2 -0.7

Oman (MSM) 3,972 0.0 -0.3 -8.1

Bahrain (BSE) 1,446 0.4 2.3 8.2

Egypt (EGX30) 15,111 -0.2 2.5 15.9

International Markets

Index Close Daily

Change % MTD % YTD %

Dow Jones 26,341 -0.3 1.6 12.9

Nasdaq 7,600 0.3 3.0 20.1

S&P 500 2,896 0.1 2.2 15.5

FTSE 100 7,452 0.1 2.4 10.8

Germany DAX 30 11,963 -0.4 3.8 13.3

France CAC 40 5,472 -0.1 2.3 15.7

Japan Nikkei 225 21,762 -0.2 2.6 8.7

Hong Kong Hang Seng 30,077 0.5 3.5 16.4

China Shanghai Composite 3,245 -0.1 5.0 30.1

Australia ASX 200 6,221 0.6 0.7 10.2

India Sensex 38,701 -0.4 0.1 7.3

Commodity Markets

Commodity Price Daily

Change % MTD % YTD %

Arab Light Crude ($/bbl) 71.3 1.8 4.3 31.6

Brent Crude ($/bbl) 71.1 1.1 4.0 32.2

Texas crude ($/bbl) 64.4 2.0 6.9 42.6

Natural Gas ($/mmbtu) 2.71 1.7 1.7 -7.9

Gold ($/oz) 1,297 0.5 0.4 1.1

Silver ($/oz) 15.2 1.1 0.7 -1.5

Steel ($/ton) 685 -0.3 -1.7 -5.0

Iron Ore (CNY/MT) 623 0.0 3.8 15.3

Wheat ($/bu) 465 -0.5 1.6 -7.6

Corn ($/bu) 360 -0.7 1.0 -4.0

Sugar ($/lb) 12.6 -1.5 0.3 4.5

SMP* (EUR/MT) 1,915 -1.0 0.3 5.8

*SMP: Skimmed Milk Powder

Interbank Rates

Region Rate*

Daily Change

(bps)

MTD (bps)

YTD (bps)

USD LIBOR 2.592 0.0 -0.8 -21.6

Saudi Arabia (SAIBOR) 2.860 0.0 -0.6 -11.5

UAE (EIBOR) 2.889 2.2 9.9 5.1

Kuwait (KIBOR) NA NA NA NA

Qatar (QIBOR) 2.914 0.3 4.3 0.8

Bahrain (BHIBOR) 3.633 -1.7 -13.3 -31.7

* Three-month Interbank rate **NA: Not Available Data Sources: Tadawul, Bloomberg, Reuters

Regional and International Markets

 Among other regional markets, Dubai and Abu Dhabi increased 0.6% and 0.5%, respectively. Qatar and Bahrain increased 0.3% and 0.4%, respectively, while Egypt decreased 0.2%. Meanwhile, Kuwait and Oman remained flat.

 US investor movement index rose to 4.65 in March, compare to 4.59 in February. After moving away from equities to fewer risky assets in earlier months, TD Ameritrade investors were net buyers of equities in March. Net purchases consists electric car makers Tesla and Chinese rival NIO, Aurora Cannabis, CVS, AT&T, and Ford Motor. (Source: Econoday)

 The US factory order fell 0.5% MoM in February (consensus: down 0.6%), while it remained flat in the earlier month. Core capital goods (nondefense ex- aircraft) dropped 0.1% percent for both February orders and February shipments. (Source: Econoday)

 Oil prices rose 1.1% on Monday, led by OPEC supply cuts, US sanctions against Iran and Venezuela, and tensions in Libya, along with strong US jobs data.

 Gold prices increased 0.5% on Monday due to a weakening dollar coupled with pause in a recent rally in equities.

Forex / Currency

Currency Close Daily

Change % MTD % YTD %

Dollar Index 97.1 -0.4 -0.2 0.9

Euro 1.13 0.4 0.4 -1.8

Japanese Yen 111.5 -0.2 0.6 1.7

Sterling Pound 1.31 0.2 0.2 2.4

Chinese Yuan 6.72 0.0 0.1 -2.3

Indian Rupee 69.6 0.6 0.5 0.0

UAE Dirham 3.67 0.0 0.0 0.0

Qatari Rial 3.64 0.0 0.0 0.0

Kuwaiti Dinar 0.30 -0.1 0.1 0.3

Omani Rial 0.38 0.0 0.0 0.0

Bahraini Dinar 0.38 0.0 0.0 0.0

Egyptian Pound 17.27 0.1 -0.1 -3.3

Corporate Calendar

Date Company Event

09^th Apr JAZADCO OGM

09^th Apr Albilad EGM

09^th Apr NGC OGM

09^th Apr SABIC OGM

09^th Apr Taiba EGM

10^th Apr Al Jouf EGM

*EGM: Extra Ordinary Meeting

*OGM: Ordinary General Meeting

Updated as of April 09, 2019

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Asset Management |Brokerage|Corporate Finance |Custody |Advisory

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