04 April 2019
Daily Report
All rights reserved
Saudi Stock Exchange
Index Closing High Low Daily
Change % YTD %
TASI 8,985 8,990 8,935
0.6 14.8NomuC
3,611 3,677 3,611
(1.9) 30.0TASI movement during session
Index Close Daily
Change % % YTD PE
(TTM)
Energy 4,665
(0.3) (3.8)17.7
Materials 5,865
0.9 11.718.2
Capital Goods 3,968
(0.8) 1.7-17.7
Commercial Service 4,178
1.0 1.017.8
Transportation 3,738
(0.2) 7.522.1
Consumer Durables 3,649
(0.7) (0.4)-88.0 Consumer Services 3,712
(0.4) 25.9320.8
Media 9,460
(1.6) (7.1)53.6
Retailing 7,359
1.8 7.234.5
Food & Staples 6,229
1.4 4.824.6
Food & Beverages 4,304
(0.1) 10.764.4
Healthcare 3,823
0.1 1.820.0
Pharma & Bio Tech 3,569
(3.0) (8.0)24.9
Banks 8,795
0.6 21.915.8
Diversified
Financials 3,653
0.4 5.0-29.3
Insurance 4,185
0.4 0.279.4
Telecom 6,633
0.5 22.734.5
Utilities 3,661
0.4 8.7189.8
REITs 3,646
(0.1) 0.616.0
Real Estate 3,298
0.0 2.323.9
Average Index Value
Average 5
days
Average 10 days
Average 20 days
Average value traded for the month (bn)
8,885 8,789 8,667 3.49
Market Statistics
Value Traded
(SAR bn)
Volumes (mn shares)
No. of Trades (‘000 shares)
Current Week 13.1 526.4 431.7
Previous week 14.6 619.0 526.0
Major Economic News
According to Bahrain's state news agency, KSA’s King has arrived at Manama in an official visit to Bahrain. KSA’s King is likely to hold talks with Bahrain’s king, concentrating on the outstanding robust brotherly ties binding the two nations and people, as well as the latest regional, Arab, and international developments and issues of shared interest. (Source: Argaam)
According to the Centre for International Communication (CIC), KSA’s Minister of Economy and Planning, and Korea’s, Minister of Trade, Industry and Energy, have decided to reinforce the bilateral partnership. Both the nations reviewed economic collaboration and discussed upcoming plans at the latest Saudi-Korean Vision 2030 Committee meeting held in Seoul. (Source: Argaam)
Major Corporate News
Bawan Co. inked a medium-term Islamic loan deal worth SAR 95.5mn with Banque Saudi Fransi (BSF).
The company would utilize the loan to partially fund its strategic acquisition of Arnon Plastic Industries Co.
The five-year credit facility, which has a two-year grace period, was secured by a promissory note and some affiliates. (Source: Argaam)
Al Khaleej Training and Education Co. inked an agreement with King Abdulaziz University to conduct English language courses for the introductory year at AlQassim University for around SAR 13.5mn. The firm further stated that under the one-year deal, the organization would run the English courses for academic year 1440/1441H. (Source: Argaam)
Al Rajhi Bank’s shareholders are expected to vote for a 53.8% capital increase to SAR 25.0bn from SAR 16.25bn. The capital increase is targeted at lifting the bank’s resources that assist in attaining good growth rates. Meanwhile, they are also likely to vote on a 22.5% cash dividend at SAR 2.25 per share for 2H2018, totaling SAR 3.656bn. (Source: Argaam)
Market Analysis
The Saudi Stock Exchange increased 0.6% to 8,985.5 on Wednesday. The value traded stood at SAR 4.0bn (up 20.6% over previous day), while the advance- decline ratio stood at 80/93. The parallel market index decreased 1.9% to 3,610.6 points. The value traded stood at SAR 1.6mn (up 34.1% over previous day).
Most sectors in the main market ended in the green.
Retailing and Food & Staples (up 1.8% and 1.4%, respectively) advanced the most; Pharma & Bio Tech and Media (down 3.1% and 1.6%, respectively) led the laggards.
Top Gainers
Company Price Change%
ALKHABEER REIT 10.50 5.0
SIIG 25.80 4.5
ALBILAD 32.00 3.9
CHUBB 23.20 3.1
ACC 26.10 3.0
Top Losers
Company Price Change%
SPIMACO 27.05 -3.1
Saudi Re 7.41 -2.5
AlSorayai Group 12.00 -2.4
ZAIN KSA 10.66 -2.4
Amiantit 6.34 -2.3
Top Weighted Companies
Company Price Change%
Al Rajhi 71.76 0.4
SABIC 127.40 1.1
NCB 56.60 0.4
SAMBA 39.00 0.0
Riyad 24.80 1.2
0.0 5.0 10.0 15.0
8,920 8,940 8,960 8,980
10:00 AM 11:00 AM 12:00 PM 1:00 PM 2:00 PM 3:00 PM
Millions
Volume Mn (RHS) TASI
04 April 2019
Daily Report
All rights reserved
Regional Markets
Market Close Daily
Change % MTD % YTD %
Dubai (DFM) 2,760 1.1 4.8 9.1
Abu Dhabi (ADX) 5,049 -0.1 -0.5 2.7
Kuwait (KSE) 4,956 0.0 0.8 4.6
Qatar (QE) 10,162 -0.4 0.5 -1.3
Oman (MSM) 3,940 0.0 -1.1 -8.9
Bahrain (BSE) 1,419 1.1 0.4 6.1
Egypt (EGX30) 15,198 0.2 3.1 16.6
International Markets
Index Close Daily
Change % MTD % YTD %
Dow Jones 26,218 0.1 1.1 12.4
Nasdaq 7,545 0.6 2.3 19.2
S&P 500 2,873 0.2 1.4 14.6
FTSE 100 7,418 0.4 1.9 10.3
Germany DAX 30 11,954 1.7 3.7 13.2
France CAC 40 5,469 0.8 2.2 15.6
Japan Nikkei 225 21,713 1.0 1.5 8.5
Hong Kong Hang Seng 29,986 1.2 3.2 16.0
China Shanghai Composite 3,216 1.2 4.1 29.0
Australia ASX 200 6,285 0.7 1.7 11.3
India Sensex 38,877 -0.5 0.5 7.8
Commodity Markets
Commodity Price Daily
Change % MTD % YTD %
Arab Light Crude ($/bbl) 70.4 0.3 5.9 29.7
Brent Crude ($/bbl) 69.3 -0.1 1.3 28.8
Texas crude ($/bbl) 62.5 -0.1 3.8 38.3
Natural Gas ($/mmbtu) 2.68 -0.3 0.6 -8.9
Gold ($/oz) 1,290 -0.2 -0.2 0.5
Silver ($/oz) 15.1 0.1 0.0 -2.2
Steel ($/ton) 689 -1.4 -3.5 -4.4
Iron Ore (CNY/MT) 623 0.0 -3.8 15.3
Wheat ($/bu) 471 1.5 2.9 -6.4
Corn ($/bu) 363 0.3 1.8 -3.3
Sugar ($/lb) 12.4 -1.9 -0.9 3.2
SMP* (EUR/MT) 1,923 -0.1 -2.8 6.2
*SMP: Skimmed Milk Powder
Interbank Rates
Region Rate*
Daily Change
(bps)
MTD (bps)
YTD (bps)
USD LIBOR 2.602 0.0 0.3 -20.5
Saudi Arabia (SAIBOR) 2.863 -0.3 -0.4 -11.3
UAE (EIBOR) 2.846 -1.4 5.6 0.9
Kuwait (KIBOR) NA NA NA NA
Qatar (QIBOR) 2.884 -1.7 1.4 -2.1
Bahrain (BHIBOR) 3.667 0.0 -10.0 -28.3
* Three-month Interbank rate **NA: Not Available Data Sources: Tadawul, Bloomberg, Reuters
Regional and International Markets
Among other regional markets, Dubai increased 1.1%, while Abu Dhabi decreased 0.1%. Bahrain and Egypt increased 1.1% and 0.2%, respectively, while Qatar decreased 0.4%. Meanwhile, Kuwait remained flat and Oman remained closed.
According to the Energy Information Administration (EIA), oil inventories in the US increased 7.2mn barrels (prior: up 2.8mn) to 449.5mn in the week ended March 29. Distillate inventories fell 2.0mn barrels (prior: down 2.1mn) to 128.2mn, and gasoline inventories declined 1.8mn barrels (prior: down 2.9mn) to 236.8mn. (Source: Econoday)
The US MBA Mortgage Composite Index surged 18.6% WoW in the week ended March 29, compared with a rise of 8.9% earlier; the Purchase Index increased 3.0% WoW against a gain of 6.0% earlier, and the Refinance Index escalated 39.0% WoW, compared with a rise of 12.0% earlier. (Source:
Econoday)
Oil prices fell 0.1% on Wednesday, after the EIA report stated an inventory rise of 7.2mn barrels for the week March 29.
Gold prices fell 0.2% on Wednesday, after data displayed US job growth hit an 18-month low in March, emphasizing concerns over the strength of the economy.
Forex / Currency
Currency Close Daily
Change % MTD % YTD %
Dollar Index 97.1 -0.3 -0.2 1.0
Euro 1.12 0.3 0.2 -2.0
Japanese Yen 111.5 0.1 0.6 1.7
Sterling Pound 1.32 0.2 1.0 3.2
Chinese Yuan 6.71 -0.2 0.0 -2.4
Indian Rupee 68.4 -0.7 -1.1 -1.6
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 17.29 0.0 0.0 -3.2
Corporate Calendar
Date Company Event
04th Apr YANSAB OGM
04th Apr ACIG OGM
04th Apr City Cement OGM
07th Apr SAMBA Cash Dividend Distribution
07th Apr Arabian Cement EGM
07th Apr Almarai EGM
*EGM: Extra Ordinary Meeting
*OGM: Ordinary General Meeting Updated as of April 04, 2019
Asset Management |Brokerage|Corporate Finance |Custody |Advisory
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