Closing Bell Jan 15 2017

THE CLOSING BELL BULLETIN

JAZIRA SECURITIES BROKERAGE

Sunday, January 15, 2017

Indices EGX30

Close 13,288

EGX70

467

▲0.8%

▲23.2%

EGX100

1135

▲1.3%

▲43.5%

EGP mn

% of Market

Trading Activity Total Market

1 Day Change YTD Change ▲0.5% ▲7.6%

1,497

EGX30

788

53

EGX70

149

10

OTC

0

0

Bonds

49

3

# of Stocks

EGP mn

% of Market

Advancers

▲181

1,434

51

Decliners

▼120

1,014

36

40

361

13

Buyers

Sellers

% of Market

1,214

1,134

81

229

309

19

Market Breadth

Unchanged Market Participants Retail (EGP mn) Institutions (EGP mn) Investor Type Egyptians (EGP mn)

Buyers

Sellers

Net Flow

1,169

1,217

-48

Arab (EGP mn)

214

172

42

Foreigners (EGP mn)

59

53

6

EGX30 Intraday Chart

13,250

13,200

13,150

13,100

13,050

13,000 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

Top Gainers

Closing Price

% Change

El Kahera El Watania Investment

3.74

▲10.0

Ismailia Dev. and Real Estate Co

3.4

▲9.3

Arabian Cement Company

9.83

▲9.1

Raya Holding For Financial Inv.

6.29

▲8.1

Engineering Industries (ICON)

6.44

▲7.9

Top Losers

Closing Price

% Change

GDRs (as of 15:00 CLT)

US$

% Change

COMIq.L

4.06

▲0.2

ETELq.L

2.50

-

HRHOq.L

2.67

-

OTMTq.L

0.34

-

Exchange Rates

Bid

Ask

National Bank Of Kuwait

26.82

▼8.2

EGP/ 1S$

18.6945

18.8450

Egy. Int. Pharmaceuticals

84.04

▼6.6

EGP/ 1€

19.9601

20.1227

Cleopatra Hospital Company

15.36

▼3.7

EGP/ 1£

22.9961

23.1832

Faisal Islamic Bank of Egypt

18.81

▼2.8

EGP/ 1SAR

4.9843

5.0245

North Cairo Mills

15.17

▼1.9

EGP/ 1AED

5.0879

5.1308

EGP mn

% Change

Regional Indices

Close

% Change

Orascom Telecom

128

▲2.4

Tadawul (KSA)

6,895

▼1.6

Talaat Moustafa

115

▲1.0

Dubai General

3,722

▼0.1

Abu Dhabi Gen.

4,663

▼0.1

Kuwait General

6,030

▲0.3

Bahrain All share

1,209

▼0.1

5,796

▲0.3

Top Traded by Value

Palm Hills

112

▼0.9

EFG-Hermes

107

▼0.3

Citadel Capital

106

▲3.4

Muscat 30

Insider Trading

Stock

Type

Volume

Market Headlines

Board Member M.S.H Related Parties Board Member Board Member Related Parties Related Parties Board Member

Alex. Spinning & Weaving Sharkia National Food Arab Dev.& Real Estate Raya Holding For financial Delta Insurance EDBE Raya Holding For financial El Ahram Co. For Printing

Buy Buy Sell Buy Buy Sell Buy Buy

103,902 101,952 64,432 50,000 27,800 11,000 9,135 8,200

Egy. Chemical Ind. announced in a statement sent to EGX, the updates of Kima 2 project. Co. started execution of Ammonia - Urea project through the Italian company Tecnomont, It is worth mentioning, the inv. cost of rehabilitation of factory working with natural gas is amounting to US$796.5 mn. according to the final feasibility study. Co. expected that it will obtain revenues of EGP1.8 bn in FY19.

Board Member

Cairo Educational Services

Buy

3,427

(Latest available)

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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 13,288

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

75.8 38.7 40.0 8.77 12.8 0.66 27.60 12.55 1.24 0.66 1.18 3.31 10.53

UAGS

0.94

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

465.1 21.42 81.0 15.7 20.6 82.2 5.86 21.4 19.1 3.82 2.54 0.94 0.89 111.4 8.56 0.76 1.83 9.91

Close DoD % Price Change ▲0.5 ▲1.3 ▲1.1 76.2 ▼0.6 38.3 ▲3.5 40.0 ▲0.3 8.94 ▲2.5 12.64 ▼0.1 0.65 ▲3.1 27.90 ▼1.4 12.69 ▼1.2 1.23 ▲4.2 0.67 1.15 ▲9.3 3.34 ▲1.5 10.58 ▼0.8 ▲0.0 0.95 ▲1.1 ▲8.5 470.1 ▼2.3 21.80 ▲3.3 81.3 ▼0.6 15.8 ▲1.2 20.6 0.0 ▼0.9 5.81 ▲6.7 21.0 ▲4.0 3.8 ▲1.3 2.54 ▼0.4 0.92 ▲6.8 0.89 ▲2.3 112.2 ▼1.3 8.7 ▼1.0 0.76 ▲2.7 1.83 ▲2.8 9.83 ▲10.0

YTD % Change ▲7.6 ▲5.4 ▲7.1 ▲3.7 ▲3.9 ▲10.3 ▲24.9 ▲28.0 ▲13.8 ▲8.1 ▲9.2 ▲20.4 ▼2.9 ▲11.3 ▲0.9 ▼6 ▲6.8 ▲0.1 ▲12.6 ▼0.6 ▲20.6 ▲9.2 ▼0.7 ▼4.3 ▼0.8 ▲12.7 ▲8.7 ▲1.4 ▼2.6 ▼4.2 ▲8.0 ▲3.5 ▲4.7 ▲2.9 ▲4.1 ▲3.4 ▲45.3

Volume k 460,000 581,059 206,440 359 86,381 34 664 8 903 3,851 3,757 86,381 35 24,068 67 170 100,749 7,076 47,978 0 3,263 99 100 72 0 5,494 3 0 4 44 28,122 7,468 56 13 956 1,414 869

Value Yr. Yr. Market Cap % Free Weight EGP mn High Low (EGP mn) Float in EGX 1,227 13,235 12,291 347,159 45 100.0% 1,254 448,006 39 139% 330 162,503 56 54.3% 27.4 77.8 28.9 86,947 74 41.4% 0.3 39.0 25.2 24,971 3 1.4 42.5 18.1 11,480 29 5.9 8.9 3.1 1,754 38 0.1 12.9 8.0 1,630 26 5.2 0.7 0.4 5,936 45 1.7% 107.4 29.2 6.4 16,971 73 8.0% 47.7 12.8 4.9 8,890 32 1.9% 106.4 1.7 0.6 1,759 86 1.0% 0.2 0.7 0.3 1,645 41 27.6 1.2 0.8 519 98 0.3% 0.6 4.1 2.5 133 43 1.8 21.9 2.9 1,780 39 326 128,980 49 6.8 1.10 0.60 188 49 165 66,309 21 2.5% 0.0 500 188 6,216 33 71.1 21.6 6.1 11,637 33 2.5% 8.0 84 28 18,097 36 4.2% 1.6 25.5 8.7 2,850 47 1.5 27 17 1,541 55 0.0 90.0 70.0 2,456 50 31.9 6 3 2,826 50 0.1 25.7 19.0 1,498 57 0.0 30 17 458 33 0.0 4.5 2.0 306 55 0.1 4 2 318 33 25.8 1.0 0.6 532 67 0.2% 6.7 1 1 464 69 6.3 115.3 48.2 13,150 13 1.1% 0.1 10.5 6.0 45 76 0.7 1.0 0.5 90 64 2.6 2.2 1.2 73 74 8.5 10.0 4.3 3,753 23 -

Weight in Focus 72.1% 100.0% 48.2% 33.8% 0.4% 1.8% 0.3% 0.2% 1.4% 6.5% 1.5% 0.8% 0.4% 0.3% 0.0% 0.4% 0.0% 0.0% 11.5% 1.1% 2.0% 3.4% 0.7% 0.5% 0.7% 0.8% 0.5% 0.1% 0.1% 0.1% 0.2% 0.2% 0.9% 0.0% 0.0% 0.0% 0.4%

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) 29.9 20.3 16.6 20.7 8.7 12.2 8.3 7.2 13.7 38.7 11.1 n/a 155.4 n/a 11.0 410.6 n/a n/a 17.2 n/a n/a 13.5 n/a 19.8 10.7 39.8 n/a 11.2 n/a 8.2 7.7 19.0 n/a 15.4 n/a 42.2 13.7

PER (x) 2016 (e) 15.4 13.0 13.9 15.9 6.4 9.5 5.5 5.5 11.4 36.9 10.1 n/a 310.8 n/a 9.7 684.3 n/a n/a 12.0 n/a n/a 6.4 n/a 20.8 10.2 37.9 36.7 6.3 3.9 5.6 11.1 18.1 n/a 38.6 n/a 41.4 12.5

2017 (e) 13.0 10.6 10.2 11.8 5.2 7.0 4.6 4.4 10.4 33.5 9.6 n/a 296.0 91.1 9.3 651.7 n/a n/a 9.8 n/a n/a 6.1 n/a 19.8 9.3 32.9 34.9 5.8 3.7 4.7 10.9 17.2 n/a 36.8 1.1 40.6 11.9

DY (% ) 2015 (a) 2016 (e) 2017 (e) 1.0 1.6 2.2 2.0 2.4 2.8 2.1 2.8 3.5 1.8 2.5 3.3 0.9 3.2 2.4 5.3 7.0 10.2 6.3 4.1 5.7 3.8 3.0 3.4 0.2 0.1 1.3 1.2 1.0 0.0 17.8 13.4 0.5 2.2 1.1 2.5 8.7 7.6 16.9 1.9 1.7 3.2 2.3 1.9 5.6 6.4 7.0 4.7 4.0 3.2 5.2 10.5 13.4 26.2 6.0 6.3 2.0 8.9 12.7 1.3 1.8 5.6 9.7 6.7 5.3 4.6 5.2

Daily Price Sheet continued next page... 2




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* Pharmaceutical Egyptian Int. Pharmaceuticals Ind. (EIPICO) Glaxo Smith Kline Minapharm Pharmaceuticals

Reuters Code IRON

Last Price 7.39

AUTO

3.39

ABUK EFIC JUFO SUGR NCMP EFID EAST DOMT

102.0 9.45 6.09 13.6 13.69 14.5 151.5 6.6

UEFM WCDF EDFM MILS CEFM SCFM AFMC

75.3 65.2 58.6 15.6 17.0 15.51 16.2

SKPC AMOC MOIL EGAS ZEOT

17.5 79.1 0.25 51.7 0.9

PHAR BIOC MIPH

84.0 10.2 70.6

Close DoD % Price Change 7.17 ▲8.4 ▲0.9 3.43 ▲0.9 ▲0.5 102.7 ▼0.0 9.54 ▲1.3 6.05 ▲2.7 13.5 ▲5.0 13.8 ▲2.8 14.5 ▼1.2 154.3 ▼2.3 6.7 ▲0.8 ▼0.9 75.3 ▼1.0 0.0 ▼1.7 15.2 ▲0.8 17.0 ▼0.3 17.2 ▼6.2 ▼1.1 ▼0.2 17.6 ▼1.6 79.9 ▼0.7 0.25 ▲4.2 52.2 ▼0.1 0.9 ▲2.3 ▼4.6 84.0 ▼6.7 10.2 ▲0.9 0.0 -

YTD % Change ▲0.1 ▲4.6 ▲4.6 ▼20.4 ▼2.1 ▲2.9 ▼1.6 ▲5.3 ▲3.4 ▼0.1 ▼45.5 ▲1.5 ▲2.7 ▲0.2 ▲3.9 ▲1.0 ▲4.6 ▲3.5 ▲11.8 ▲2.5 ▲4.3 ▲2.1 ▲6.9 ▼3.8 ▲0.5 ▲6.0 ▼1.6 ▼4.0 ▲8.4 -

Volume k 4,653 7,761 7,761 1,912 3 927 959 2 14 5 0 345 72 0 0 0 10 54 7 0 478 327 85 55 12 1,626 9 2 1 0

Value EGP mn 8.0 27 26.7 15 0.3 8.8 5.8 0.0 0.2 0.1 0.1 6.3 1 0.0 0.0 0.0 0.1 0.9 0.1 0.0 13 5.8 6.8 0.1 0.6 1.0 0 0.2 0.0 0.0

Yr. High 7.5

Yr. Low 4.4

3.6

1.8

143 9.9 8 14.8 17 20.0 160.0 10.9

96 5.6 4 8.0 11 7.5 71.3 4.2

85 73.0 64 16.0 19 16.7 18

56 37.0 35 11.3 10 8.6 13

18.8 80.5 0.3 66.0 1.0

10.0 21.3 0.2 26.1 0.6

98.0 11.6 76.0

55.8 7.8 25.7

Market Cap % Free Weight (EGP mn) Float in EGX 3,610 9 0.2% 3,709 55 1.3% 3,709 55 1.3% 30,141 39 2.7% 8,581 30 655 55 5,733 49 1,934 38 404 57 5,259 9 0.3% 7,575 39 1.9% 1,868 43 18.5% 2,007 0 527 48 489 38 352 45 167 43 250 33 93 29 129 17 17,517 43 9,188 49 6,811 39 899 34 620 20 138 68 8,813 0 6,665 56 852 8 868 19 -

Weight in Focus 0.2% 1.1% 1.1% 5.2% 1.4% 0.2% 1.5% 0.4% 0.1% 0.3% 1.6% 0.0% 0.4% 0.1% 0.1% 0.1% 0.0% 0.0% 0.0% 0.0% 4.0% 2.4% 1.4% 0.2% 0.1% 0.0% 2.2% 2.0% 0.0% 0.1%


2015 (a) n/a 19.4 19.4 7.8 9.5 11.0 6.0 71.7 8.5 283.3 6.7 14.5 10.0 7.9 9.4 31.2 8.6 12.1 30.7 4.7 20.7 12.2 22.5 n/a 207.9 239.3 16.4 18.6 12.3 10.8

PER (x) 2016 (e) n/a 18.4 18.4 7.1 8.4 13.7 6.0 42.2 6.0 231.2 5.7 18.9 6.0 6.5 5.6 5.5 18.8 4.2 29.2 4.5 13.5 12.9 17.5 4.2 198.0 n/a 14.8 16.2 10.3 14.4

2017 (e) n/a 17.6 17.6 6.9 8.0 13.5 6.0 40.2 5.5 201.0 5.5 10.8 5.3 5.9 4.4 4.8 17.9 4.0 27.8 4.3 13.0 11.7 19.5 4.0 188.6 n/a 13.6 14.7 9.3 13.7

DY (% ) 2015 (a) 2016 (e) 2017 (e) 6.0 7.2 8.1 8.3 9.8 11.9 6.5 2.7 3.1 2.5 3.7 2.7 11.0 15.6 17.1 6.6 7.9 8.7 8.8 9.3 12.4 9.0 10.0 11.3 8.4 12.3 19.1 9.0 11.5 13.6 10.3 6.4 5.6 7.1 2.6 8.0 6.4 4.8 6.0 10.5 9.4 9.7 6.3 5.5 5.3 7.1 6.9 6.0 6.3 4.7 5.5 3.9 1.8 2.2 4.3 5.3 5.7 4.2 5.1 5.5 7.0 9.2 10.0 2.8 3.3 3.8

Daily Price Sheet continued next page... 3




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

9.5 22.0 28.8 3.5 0.34 15.4 1.26 8.1 12.5 2.0 3.0 0.3

ETEL GTHE EMOB OTMT MPRC RAYA

13.3 7.7 100.0 0.85 3.5 6.4

ORWE ACGC

17.1 5.0

Close DoD % Price Change ▼0.4 9.7 ▼0.7 22.3 ▼0.1 29.2 ▼0.7 3.5 ▼1.7 0.34 15.6 ▼0.3 1.28 ▲2.4 8.2 ▼0.6 12.4 ▲2.3 2.0 ▲1.5 3.1 ▲0.3 0.3 ▲0.0 13.5 ▼1.1 1.38 99.9 ▲1.9 0.86 ▲1.2 3.5 ▲0.3 6.3 ▲10.0 ▼28.3 17.3 ▲1.4 5.1 ▲2.0

YTD % Change ▲7.4 ▲4.5 ▲6.3 ▲16.1 ▲11.6 ▲9.7 ▲2.0 ▲16.7 ▲0.7 ▲5.8 ▲8.7 ▲4.1 ▲3.4 ▲7.3 ▲13.2 ▲7.2 ▼1.8 ▲1.2 ▲5.4 ▲20.1 ▼23.2 ▲10.3 ▲4.8

Volume k 146,378 11,833 2,463 1,239 32,045 66,937 3,410 14,999 41 2 950 12,458 69,837 150,886 941 0 3 149,498 246 198 19,145 1,388 15,756

Value EGP mn 453 114.9 54.8 36.2 111.8 22.7 53.1 19.2 0.3 0.0 1.9 38.2 20.9 143 12.7 0.0 0.3 128.2 0.9 1.2 106 24.0 79.5

Yr. High

Yr. Low

9.8 22.3 29.8 3.6 0.5 16.7 1.3 9.4 12.5 2.1 3.3 0.4

4.4 11.2 9.3 1.7 0.2 6.6 0.6 5.8 9.4 1.2 1.9 0.2

14.2 7.9 143.0 1.0 3.7 5.9

5.5 1.5 81.8 0.5 2.1 3.4

17.3 5.3

4.9 2.3

Market Cap % Free (EGP mn) Float 70,521 42 19,686 50 5,495 60 12,817 28 7,989 56 1,550 39 5,206 74 1,323 77 884 67 1,124 66 496 27 13,950 11 1,368 39 78,921 22 22,704 20 40,444 25 10,000 4 4,459 41 667 39 646 55 7,566 63 4,590 58 1,327 94

Weight in EGX 18.5% 6.3% 2.1% 2.3% 2.9% 0.4% 2.5% 0.7% 1.0% 0.3% 10.7% 2.9% 6.6% 1.2% 0.8% 0.8%

Weight in Focus 15.6% 5.2% 1.7% 1.9% 2.4% 0.3% 2.0% 0.5% 0.3% 0.4% 0.1% 0.8% 0.3% 9.3% 2.4% 5.4% 0.2% 1.0% 0.1% 0.2% 2.5% 1.4% 0.7%

2015 (a) 31.8 29.0 31.4 81.3 21.4 8.9 36.5 n/a 30.9 14.1 6.9 36.9 37.0 n/a 8.8 n/a n/a n/a 88.4 6.8 23.2 23.1 40.0

PER (x) 2016 (e) 18.2 27.0 27.0 88.0 7.5 10.0 16.8 4.2 29.3 14.0 8.9 18.0 15.7 11.6 7.7 n/a 192.4 1.3 84.2 5.7 24.2 22.9 38.1

DY (% ) 2017 (e) 2015 (a) 2016 (e) 2017 (e) 20.1 1.2 1.1 1.3 23.4 1.5 1.5 1.5 20.8 45.0 1.2 2.3 2.6 18.8 4.3 0.6 0.9 7.0 3.1 7.9 12.8 16.1 20.8 17.7 18.7 11.1 15.0 14.3 2.0 10.7 0.5 1.5 1.9 7.0 1.5 4.5 6.0 153.6 160.4 1.2 80.2 5.2 10.5 19.8 17.8 6.6 2.9 3.0 9.5 7.2 2.9 2.9 9.4 36.3 -


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