Closing Bell April 10 2017

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Apr 10, 2017 - Close. 1 Day Change YTD Change. EGX30. 12,849. ▽0.4%. △4.1% ... 10. 1. Market Breadth. # of Stocks. E
THE CLOSING BELL BULLETIN

JAZIRA SECURITIES BROKERAGE

Monday, April 10, 2017

Indices EGX30

Close 12,849

EGX70

593

▲1.0%

▲56.5%

EGX100

1358

▲0.6%

▲71.7%

EGP mn

% of Market

Trading Activity

1 Day Change YTD Change ▼0.4% ▲4.1%

Top Gainers

Closing Price

% Change

Cairo Poultry

6.59

▲9.8

Export Development Bank

10.36

▲8.6

Gulf Canadian Real Estate Inv.

8.9

▲8.1

Modern Shorouk Print. & Pack.

9.54

▲7.9

Suez Cement

20.96

▲7.9

GDRs (as of 15:00 CLT)

US$

% Change

COMIq.L

4.36

▲0.9

ETELq.L

2.60

-

HRHOq.L

2.69

▼2.7

OTMTq.L

0.30

▲20.0

Exchange Rates

Bid

Ask

Total Market

828

EGX30

788

95

EGX70

206

25

OTC

0

0

Assiut Islamic Trading

4.78

▼9.5

EGP/ 1S$

17.9789

18.1065

Bonds

10

1

Misr Hotels

31.6

▼6.2

EGP/ 1€

19.0145

19.1530

# of Stocks

EGP mn

% of Market

El Kahera El Watania Inv.

3.52

▼6.1

EGP/ 1£

22.2831

22.4430

Advancers

▲175

745

52

General Co. For Land Reclam.

13.35

▼4.9

EGP/ 1SAR

4.7936

4.8280

Decliners

▼67

249

17

81

436

30

Torah Cement

12.77

▼4.0

EGP/ 1AED

4.8944

4.9300

Buyers

Sellers

% of Market

EGP mn

% Change

Regional Indices

Close

% Change

Retail (EGP mn)

551

489

64

Global Telecom

147

▼3.0

Institutions (EGP mn)

264

326

36

EFG-Hermes

40

▼1.2

Tadawul (KSA) Dubai General

7,062 3,537

▲0.1 ▼0.5

Buyers

Sellers

Net Flow

Abu Dhabi Gen.

4,572

▼0.4

Citadel Capital

32

-

Egyptians (EGP mn)

632

651

-19

Kuwait General

7,008

▼0.1

Arab (EGP mn)

44

48

-4

CIB

29

▲0.1

Bahrain All share

1,363

▼0.9

Foreigners (EGP mn)

139

116

23

Pioneers Holding

28

▲1.1

Muscat 30

5,579

▼0.3

Market Breadth

Unchanged Market Participants

EGX30 Intraday Chart

Investor Type

12,900 12,890

Top Losers

Closing Price

Top Traded by Value

% Change

Insider Trading (Latest availaStock ble)

Type

Volume

Board Member

Suez Cement

Buy

10,000

Board Member

Nasr Co. for Civil Works

Sell

6,200

Co. Manag.

Medinet Nasr Housing

Buy

1,711

M. S. H

Middle Egy.Flour Mills

Buy

500

Market Headlines

12,880 12,870 12,860 12,850 12,840 12,830 12,820

The General Company for Ceramic & Porcelain Products (Sheeni) posted net profit before tax of EGP3.89 mn in FY17, a decline by 25.9% Y-o-Y.

12,810 12,800 10:00 10:20 10:40 11:00 11:20 11:40 12:00 12:20 12:40 13:00 13:20 13:40 14:00 14:2 0

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THE CLOSING BELL BULLETIN

JAZIRA SECURITIES BROKERAGE

Monday, April 10, 2017

Daily Price Sheet Sectors / Companies Prices are in EGP unless stated otherwise

EGX30 Jazira Securities Focus Companies Banking & Finance Commercial International Bank* Qatar National Bank Alahly Credit Agricole Egypt Bank* Abu Dhabi Islamic Bank Al Baraka Bank Egyptian Kuwaiti Holding (USD) EFG-Hermes Holding* Pioneers Holding* Citadel Capital* Naeem Holding (USD) Arabia For Investment & Development Egyptians Abroad for Inv. and Dev. Belton Financial Holding Stevedoring United Arab Stevedoring Construction & Related Ezz Aldekhela Steel Ezz Steel Rebars* Sewedy Cables* Suez Cement Misr Beni Suef Cement Misr Cement (Qena) South Valley Cement Sinai Cement Paint & Chemicals Industries Lecico Egypt Aracemco Upper Egypt Contracting Egyptian Electrical Cables Orascom Construction limited* Real Estate for National Banks Development Modern Water Proofing-Bitumode Egyptians For Investments Arabian Cement*

Reuters Last Code Price .EGX30 12,849

Close Price

COMI QNBA CIEB ADIB SAUD EKHO HRHO PIOH CCAP NAHO AIND ABRD BTFH

77.2 41.5 36.0 10.43 13.6 0.68 24.65 10.34 1.11 0.60 1.01 3.82 10.50

76.5 41.5 36.0 10.59 14.00 0.66 24.49 10.27 1.10 0.60 1.01 3.84 10.40

UAGS

0.76

0.76

IRAX ESRS SWDY SUCE MBSC MCQE SVCE SCEM PACH LCSW CERA UEGC ELEC ORAS NRPD WATP EIUD ARCC

510.0 19.43 80.0 21.4 24.5 86.0 5.21 20.9 35.3 4.00 3.00 0.76 0.74 101.0 9.46 0.67 1.71 11.20

510.0 19.35 79.1 21.0 24.7 0.0 5.17 20.5 34.2 4.0 2.92 0.76 99.9 9.5 0.68 1.69 10.98

DoD % Change ▼0.4 ▲0.8 ▲1.2 ▲0.9 ▼0.8 ▼1.3 ▼4.0 ▲3.0 ▼0.5 ▲1.7 ▲0.9 ▼1.6 ▼1.0 ▼1.8 ▲0.1 ▲15.5 ▲2.0 ▲0.5 ▼0.0 ▲10.0 ▼2.1 ▼3.0 ▲5.0 ▲4.2 ▲4.2 ▲5.3 ▼1.3 ▲2.1 ▲2.9 ▼2.9 ▼0.6 ▲4.7

YTD % Change ▲4.1 ▲6.0 ▲6.5 ▲5.6 ▲11.4 ▼0.8 ▲48.6 ▲36.1 ▲17.2 ▼3.4 ▼10.0 ▲7.8 ▼11.8 ▼4.7 ▲16.5 ▼6 ▼13.6 ▼0.1 ▲25.6 ▲9.0 ▲9.4 ▲7.9 ▲35.4 ▲13.8 ▲3.8 ▲0.2 ▲6.1 ▲87.6 ▲2.0 ▲13.2 ▼12.6 ▼14.0 ▼5.1 ▲13.7 ▼8.2 ▼3.4 ▲64.2

Volume k 120,440 170,798 68,252 379 29,375 112 335 36 789 1,637 2,745 29,375 1 3,470 168 71 23,040 2,138 11,906 1 221 162 78 10 0 4,287 49 47 10 290 2,741 906 87 21 88 342 2,568

Value Yr. Yr. Market Cap % Free EGP mn High Low (EGP mn) Float 525 13,544 11,845 352,120 43 618 459,103 42 150 167,185 50 29.0 82.3 71.1 89,021 66 1.5 43.5 37.3 30,794 3 4.0 42.5 32.0 11,193 34 3.5 11.3 6.7 2,086 38 2.9 14.2 8.8 1,855 26 4.7 0.7 0.6 6,116 45 40.1 29.2 21.6 15,157 68 28.2 12.9 8.9 7,449 31 32.4 1.3 1.0 1,574 94 0.0 0.7 0.6 1,496 41 3.5 1.2 0.9 445 98 1.3 4.2 3.0 154 43 0.7 12.0 7.9 1,775 39 144 128,246 49 1.6 1.00 0.68 152 49 85 66,202 35 0.3 520 390 6,816 33 4.3 22.8 15.5 10,556 32 12.8 93 74 17,873 32 1.6 20.0 11.4 3,886 47 0.2 26 18 1,834 55 0.0 111.0 80.0 2,570 50 22.2 6 5 2,513 50 1.0 22.0 19.0 1,463 57 1.6 35 19 848 33 0.0 4.6 3.2 320 55 0.8 3 2 375 33 2.1 1.0 0.7 430 67 0.7 1 1 386 69 8.7 115.5 84.0 11,894 10 0.2 10.0 7.2 49 76 0.1 0.8 0.6 80 64 0.6 1.9 1.4 68 74 28.2 11.2 6.7 4,242 22

Weight in EGX 100.0% 127% 50.7% 38.9% 2.5% 6.7% 1.5% 1.0% 2.3% 2.3% 3.8% 0.8% 0.6%

Weight in Focus 78.8% 100.0% 45.2% 31.7% 0.5% 2.0% 0.4% 0.3% 1.5% 5.5% 1.2% 0.8% 0.3% 0.2% 0.0% 0.4% 0.0% 0.0% 10.9% 1.2% 1.8% 3.1% 1.0% 0.5% 0.7% 0.7% 0.4% 0.2% 0.1% 0.1% 0.2% 0.1% 0.6% 0.0% 0.0% 0.0% 0.5%

Jazira Securities focus companies include EGX30 in addition to other companies included in the Daily price sheet which Jazira Securities Research believe are worth following on a daily basis DoD change in the daily price sheet are based on last price and historical close while performers percent change in page one are based on the closing VWAP and today’s session opening price Sectors DOD & YTD changes are value weighted Index, Jazira Focus and Sectors PER & DY are based on their respective market capitalizations, total earnings and dividends* EGX constituent NI: Not Included Weight in EGX & Jazira Securities focus companies are based on free float market capitalization

2015 (a) 30.2 24.6 17.1 21.2 10.7 11.9 9.8 8.2 14.1 34.6 9.3 n/a 141.3 n/a 12.7 409.4 n/a n/a 143.7 n/a n/a 13.3 n/a 23.5 11.2 35.4 n/a 20.7 n/a 9.7 6.3 15.8 n/a 17.1 n/a 39.4 15.5

PER (x) 2016 (e) 15.7 14.8 14.3 16.7 8.2 9.1 5.3 4.1 11.8 32.9 8.4 n/a 282.6 n/a 11.2 682.4 n/a n/a 30.7 n/a n/a 6.3 n/a 24.8 10.7 33.7 35.8 11.7 4.1 6.7 9.0 15.0 n/a 42.7 n/a 38.7 14.1

2017 (e) 13.5 12.0 10.6 13.3 6.4 6.8 3.4 2.9 10.7 29.9 8.0 n/a 269.1 77.9 10.7 649.9 n/a n/a 23.3 n/a n/a 6.0 n/a 23.6 9.7 29.3 34.1 10.7 3.9 5.6 8.8 14.3 n/a 40.6 0.9 37.9 13.4

DY (% ) 2015 (a) 2016 (e) 2017 (e) 1.0 1.2 1.9 2.3 2.3 3.0 2.0 1.6 2.6 1.8 1.0 1.7 5.4 7.2 10.5 5.5 5.4 8.9 3.7 2.9 3.3 0.2 0.1 2.3 2.2 1.7 0.0 16.3 12.2 0.6 2.4 1.2 2.5 8.8 7.7 12.4 1.4 1.2 2.7 1.9 1.6 5.3 6.1 6.7 4.8 4.1 3.2 2.8 5.7 7.2 25.0 5.7 6.0 1.7 7.5 10.7 1.6 2.2 6.8 11.7 8.1 4.7 4.1 4.6

Daily Price Sheet continued next page... 2

THE CLOSING BELL BULLETIN

JAZIRA SECURITIES BROKERAGE

Monday, April 10, 2017

Daily Price Sheet (continued) Sectors / Companies Prices are in EGP unless stated otherwise

Egyptian Iron and Steel* Durable Goods Ghabour Auto* Food & Related Abu Kier Fertilizers Egyptian Financial & Industrial Juhayna Food Industries* Delta Sugar National Co. for Maize Products Edita food industries Eastern Company* Arabian Food Industries* Milling Upper Egypt Flour Mills Middle & West Delta Flour Mills East Delta Flour Mills North Cairo Mills Middle Egypt Flour Mills South Cairo Flour Mills Alexandria Flour Mills Oil Related Sidi Kerir Petrochemicals* Alexandria Minerals Oil Company Maridive & Oil Services (USD) Egypt Gas Extracted Oils Cairo Oils and Soap* Pharmaceutical Egyptian Int. Pharmaceuticals Ind. (EIPICO) Glaxo Smith Kline

Reuters Code IRON

Last Price 5.17

Close Price 5.16

AUTO

2.46

2.46

ABUK EFIC JUFO SUGR NCMP EFID EAST DOMT

173.0 14.00 8.51 13.5 33.12 17.0 214.5 8.2

171.5 13.91 8.53 13.5 33.0 17.0 0.0 8.2

UEFM WCDF EDFM MILS CEFM SCFM AFMC

104.3 82.8 84.9 26.7 33.7 25.20 25.3

0.0 84.9 25.5 33.7 0.0 24.6

SKPC AMOC MOIL EGAS ZEOT COSG

19.3 105.3 0.25 89.8 0.9 20.5

19.1 105.9 0.25 86.4 0.9 20.4

PHAR BIOC

106.0 12.8

0.0 13.2

DoD % Change ▼1.3 ▲0.8 ▲0.8 ▼0.4 ▼0.8 ▼0.8 ▼0.8 ▲1.0 ▲0.1 ▼0.5 ▲0.2 ▲1.5 ▲3.5 ▲7.7 ▼0.7 ▲0.5 ▲5.2 ▲0.2 ▼0.1 ▼2.1 ▲10.0 ▲1.1 ▼0.7 ▲0.2 ▼1.5

YTD % Change ▼0.2 ▼24.1 ▼24.1 ▲18.6 ▲66.0 ▲52.5 ▲37.5 ▲4.5 ▲150.2 ▲17.2 ▼22.8 ▲25.2 ▲53.2 ▲38.9 ▲32.0 ▲46.3 ▲79.1 ▲105.1 ▲81.7 ▲60.3 ▲25.8 ▲12.3 ▲42.3 ▼3.8 ▲74.6 ▲8.4 ▼23.6 ▲21.3 ▲21.2 ▲36.1

Volume k 1,487 2,926 2,926 1,455 67 587 276 7 23 494 0 1,551 64 0 0 0 28 34 0 2 2,086 284 196 1,550 55 1,444 504 245 0 6

Value EGP mn 12.8 7 7.2 31 11.4 8.2 2.4 0.1 0.8 8.4 0.0 8.7 2 0.0 0.0 0.0 0.7 1.2 0.0 0.0 34 5.4 20.8 3.4 4.8 1.3 10.3 1 0.0 0.1

Yr. High 7.7 3.5 184 15.0 9 14.7 35 18.5 300.0 9.4 110 84.9 85 26.0 35 25.3 25 22.2 121.1 0.3 82.1 0.9 28.4 115.9 13.4

Yr. Low 4.2

Market Cap % Free Weight (EGP mn) Float in EGX 2,525 9 0.1% 2,691 54 1.0% 2.4 2,691 54 1.0% 43,321 39 6.0% 95 14,554 30 8.3 970 55 5 8,011 49 2.6% 10.6 1,920 38 11 977 57 14.1 6,166 9 150.0 10,724 39 2.8% 6.0 2,303 43 19.9% 2,996 0 73 730 48 62.6 621 38 57 509 45 14.7 286 43 16 496 33 13.3 151 29 16 202 17 21,147 42 3.4% 16.9 10,106 49 3.2% 73.0 9,064 39 0.2 899 34 46.0 1,078 20 0.8 141 68 19.0 818 30 0.2% 10,549 0 84.0 8,411 56 9.0 1,070 8 -

Weight in Focus 0.1% 0.8% 0.8% 7.7% 2.4% 0.3% 2.1% 0.4% 0.3% 0.3% 2.2% 0.0% 0.6% 0.2% 0.1% 0.1% 0.1% 0.1% 0.0% 0.0% 4.8% 2.6% 1.9% 0.2% 0.1% 0.1% 0.1% 2.8% 2.5% 0.0%

Jazira Securities focus companies include EGX30 in addition to other companies included in the Daily price sheet which Jazira Securities Research believe are worth following on a daily basis DoD change in the daily price sheet are based on last price and historical close while performers percent change in page one are based on the closing VWAP and today’s session opening price Sectors DOD & YTD changes are value weighted Index, Jazira Focus and Sectors PER & DY are based on their respective market capitalizations, total earnings and dividends* EGX constituent NI: Not Included Weight in EGX & Jazira Securities focus companies are based on free float market capitalization

2015 (a) n/a 14.1 14.1 11.6 16.1 16.3 8.4 71.2 20.6 300.7 9.5 17.9 15.0 10.9 11.9 45.2 14.7 24.0 44.6 7.6 25.0 13.4 29.9 n/a 361.3 244.8 n/a 20.2 23.5 15.5

PER (x) 2016 (e) n/a 13.4 13.4 10.6 14.3 20.3 8.4 41.9 14.5 245.4 8.1 23.3 9.8 9.0 7.1 8.0 32.1 8.4 n/a 8.4 16.3 14.1 23.3 4.2 344.1 n/a 0.0 18.3 20.4 12.9

DY (% ) 2017 (e) 2015 (a) 2016 (e) 2017 (e) n/a 12.7 12.7 10.2 4.0 4.8 5.4 13.6 4.9 5.8 7.0 19.9 4.4 1.8 2.1 8.4 1.8 2.6 2.0 39.9 13.3 4.6 6.4 7.1 213.4 7.7 4.7 5.6 6.2 13.3 7.7 5.8 6.1 8.9 8.2 6.5 7.2 8.2 5.6 6.6 9.7 15.0 6.9 6.2 8.0 9.4 30.6 6.0 3.7 3.3 8.0 3.6 1.3 4.0 8.4 4.0 15.9 8.0 6.7 6.7 5.9 15.7 5.2 4.5 4.4 12.9 6.5 6.2 5.5 25.9 4.7 3.6 4.1 4.0 327.7 2.2 1.1 1.3 n/a 0.0 16.7 3.5 4.3 4.7 18.6 3.3 4.0 4.4 11.7 5.6 7.3 8.0

Daily Price Sheet continued next page... 3

THE CLOSING BELL BULLETIN

JAZIRA SECURITIES BROKERAGE

Monday, April 10, 2017

Daily Price Sheet (continued)

Sectors / Companies Prices are in EGP unless stated otherwise

Real Estate & Related T M G Holding* Nasr City Housing Heliopolis Housing* Palm Hills Development Company* Amer Group* SODIC* Egyptian Resorts Company* United Housing & Development Cairo Housing Remco for Touristic Villages Construction Emaar Misr * Porto Group Holding* Telecom, Media & IT Telecom Egypt* Global Telecom Holding* Orange Egypt Orascom Technology, Media and Telecom* Egyptian Media Production City Raya Holding Textile & Related Oriental Weavers* Arab Cotton Ginning*

Reuters Last Code Price

Close Price

TMGH MNHD HELI PHDC AMER OCDI EGTS UNIT ELKA RTVC EMFD PORT

8.9 22.6 28.1 3.2 0.29 13.8 1.16 7.9 13.7 2.4 2.5 0.3

9.0 22.6 28.0 3.1 0.30 13.7 0.00 7.8 0.0 2.4 2.5 0.3

ETEL GTHE EMOB OTMT MPRC RAYA

11.2 6.3 86.5 0.73 3.4 15.0

11.2 1.25 86.7 0.72 3.3 15.1

ORWE ACGC

19.0 4.7

19.1 4.7

DoD % Change ▼0.2 ▼0.4 ▼1.3 ▲0.6 ▼3.3 ▲0.3 ▲0.9 ▲1.7 ▼3.6 ▲0.4 ▼2.7 ▼0.3 ▼4.7 ▼1.7 ▲6.6 ▼2.8 ▼35.7 ▼1.5 ▼0.2

YTD % Change ▲0.1 ▼2.2 ▲9.2 ▲13.3 ▲1.6 ▼6.5 ▼8.7 ▲7.4 ▼1.6 ▲15.9 ▲29.9 ▼14.5 ▼10.3 ▼8.9 ▼4.8 ▼11.8 ▼15.1 ▼13.1 ▲1.5 ▲180.5 ▼24.9 ▲22.9 ▼1.9

Volume k 23,832 1,010 413 533 4,341 3,860 1,405 8,788 48 0 610 2,825 15,897 56,788 994 22,758 1 31,341 561 1,133 3,244 511 2,308

Value EGP mn 86 9.0 9.3 14.9 13.6 1.1 19.3 10.1 0.4 0.0 1.5 6.9 4.1 200 11.1 146.9 0.1 22.5 1.8 17.1 21 9.8 10.8

Yr. High

Yr. Low

10.0 23.9 31.6 3.6 0.4 15.8 1.3 8.4 17.0 3.1 3.1 0.3

7.3 17.9 24.0 2.8 0.3 11.5 1.0 7.0 11.1 1.8 2.4 0.3

14.2 7.9 107.0 0.9 3.8 16.0

10.8 6.0 81.7 0.7 2.6 5.1

20.1 5.6

15.5 4.2

Market Cap % Free Weight (EGP mn) Float in EGX 70,612 44 19.9% 18,428 50 6.1% 11,285 59 4.4% 12,505 28 2.3% 7,273 55 2.7% 1,322 44 0.4% 4,660 74 2.3% 1,218 77 0.6% 863 67 1,232 66 592 27 11,233 11 0.8% 1,185 53 0.4% 66,991 23 9.0% 19,102 20 2.5% 33,258 25 5.5% 8,650 4 3,829 41 1.0% 643 39 1,509 55 7,408 62 2.5% 4,590 57 1.7% 1,242 96 0.8%

Weight in Focus 16.7% 4.9% 3.5% 1.8% 2.2% 0.3% 1.8% 0.5% 0.3% 0.4% 0.1% 0.7% 0.3% 8.1% 2.0% 4.5% 0.2% 0.8% 0.1% 0.4% 2.5% 1.4% 0.6%

2015 (a) 31.8 27.1 64.6 79.3 19.5 7.6 32.7 n/a 30.2 15.5 8.2 29.7 32.0 n/a 7.4 n/a n/a n/a 85.2 15.9 22.7 25.8 37.5

PER (x) 2016 (e) 18.3 25.2 55.5 85.8 6.8 8.6 15.0 3.8 28.6 15.4 10.6 14.5 13.6 9.8 6.4 n/a 166.4 1.1 81.1 13.3 23.7 25.6 35.7

DY (% ) 2017 (e) 2015 (a) 2016 (e) 2017 (e) 20.2 1.2 1.1 1.3 21.9 1.6 1.6 1.6 42.7 43.9 1.2 2.4 2.7 17.1 4.8 0.6 1.0 6.0 3.7 9.2 15.0 14.4 19.2 17.3 20.5 13.3 12.1 12.4 1.8 9.1 0.6 1.7 2.2 5.9 1.8 5.4 7.1 126.3 138.7 1.1 77.3 12.1 4.5 8.5 7.6 6.4 3.1 3.1 9.9 8.0 3.0 3.0 9.6 34.0 -

Jazira Securities focus companies include EGX30 in addition to other companies included in the Daily price sheet which Jazira Securities Research believe are worth following on a daily basis DoD change in the daily price sheet are based on last price and historical close while performers percent change in page one are based on the closing VWAP and today’s session opening price Sectors DOD & YTD changes are value weighted Index, Jazira Focus and Sectors PER & DY are based on their respective market capitalizations, total earnings and dividends* EGX constituent NI: Not Included Weight in EGX & Jazira Securities focus companies are based on free float market capitalization

4

THE CLOSING BELL BULLETIN

JAZIRA SECURITIES BROKERAGE

Monday, April 10, 2017

Jazira Securities Brokerage 15 Shooting Club Street, Dokki, Giza, Egypt Tel: (+202) 3760 9915 - 37609941 Fax: (+202) 3760 9883 www.jaziracapital.com

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Managing Director

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Nada Safeer

Research Department

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Disclaimer • Jazira Securities Brokerage (JSB) is a licensed Egyptian Stock Market Broker, regulated by the General Authority for Financial Supervision. • Opinions, estimates and projections contained in the research reports or documents are of the author as of the date published and are subject to change without notice • JSB research reports or documents are not, and are not to be construed as, an offer to sell or solicitation of an offer to buy any securities. • Unless otherwise noted, all JSB research reports and documents provide information of a general nature and do not address the circumstances of any particular investor. • Neither JSB nor its mother company (Jazira Capital), or any of its affiliates accept liability whatsoever for any investment loss arising from any use of the research reports or their contents. • The information and opinions contained in JSB research reports or documents have been compiled or arrived at from sources believed reliable but no representation or warranty, express or implied, is made as to their accuracy or completeness.

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