Closing Bell March 03 2017

THE CLOSING BELL BULLETIN

JAZIRA SECURITIES BROKERAGE

Sunday, March 05, 2017

Indices EGX30

Close 12,500

EGX70

494

▲3.6%

▲30.3%

EGX100

1185

▲2.9%

▲49.9%

EGP mn

% of Market

Trading Activity

1 Day Change YTD Change ▲1.5% ▲1.3%

Top Gainers

Closing Price

% Change

National Bank Of Kuwait- Egypt

27.59

▲9.9

Nat. Housing for Professional Syn.

22.27

▲9.3

EL Ezz Aldekhela Steel - Alex.

424.53

▲8.8

Abou Kir Fertilizers

115.48

▲8.7

El Kahera Housing

15.67

▲7.3

GDRs (as of 15:00 CLT)

US$

% Change

COMIq.L

4.31

▲0.2

ETELq.L

2.60

-

HRHOq.L

3.00

-

OTMTq.L

0.30

-

Exchange Rates

Bid

Ask

Total Market

812

EGX30

788

97

EGX70

123

15

OTC

0

0

Nozha International Hospital

72.21

▼5.0

EGP/ 1S$

16.3284

16.4573

Bonds

13

2

Alexandria Cement

6.25

▼4.7

EGP/ 1€

17.3407

17.4875

# of Stocks

EGP mn

% of Market

International Co For Inv. & Dev.

10.49

▼4.6

EGP/ 1£

20.0741

20.2408

Advancers

▲180

750

51

Pyramisa Hotels

18.04

▼4.1

EGP/ 1SAR

4.3538

4.3884

Decliners

▼103

676

46

38

52

4

Marsa Marsa Alam For Tourism

1.17

▼3.3

EGP/ 1AED

4.4453

4.4806

Buyers

Sellers

% of Market

EGP mn

% Change

Regional Indices

Close

% Change

621

603

77

120

▲2.7

Tadawul (KSA)

6,968

▼0.7

Dubai General

3,543

▼1.1

Abu Dhabi Gen.

4,565

▼0.7

Kuwait General

6,805

▲0.6

Market Breadth

Unchanged Market Participants Retail (EGP mn) Institutions (EGP mn)

174

192

23

Buyers

Sellers

Net Flow

Egyptians (EGP mn)

657

680

-23

Arab (EGP mn)

38

50

-11

Foreigners (EGP mn)

100

65

35

EGX30 Intraday Chart

Investor Type

12,550

Top Losers

Closing Price

Top Traded by Value Global Telecom

% Change

Palm Hills

69

▲3.2

Hermes

66

▲1.9

Ezz Steel

44

▲3.7

Bahrain All share

1,343

▲0.1

Pioneers Holding

42

▲3.6

Muscat 30

5,808

▼0.1

Insider Trading Stock (Latest available)

Type Volume

Market Headlines

12,500 12,450 12,400

Related Parties

El Kahera Housing

Buy

10,000

Related Parties

Golden Coast Co.

Buy

5,000

Bank Directors

CIB

Sell

2,000

Co. Manag.

ICON

Buy

1,500

12,350 12,300

Talaat Moustafa Group Holding posted an adjusted consolidated profit of EGP828.9 mn in FY16, an increase of 7.4% , versus EGP771.4 mn in FY15.

12,250 12,200 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

1




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 12,500

Close Price

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

75.3 41.5 35.0 7.32 9.3 0.65 24.30 10.23 1.06 0.61 0.99 3.08 9.55

74.7 0.0 35.0 7.31 9.58 0.66 24.34 10.17 1.06 0.61 1.00 3.11 9.77

UAGS

0.72

0.73

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

429.0 17.70 79.0 12.6 18.5 95.0 4.65 21.0 26.0 3.30 2.30 0.74 0.74 91.2 7.91 0.65 1.50 8.45

424.5 17.77 78.2 12.3 18.5 93.6 4.69 21.0 25.7 3.3 2.32 0.75 0.75 93.2 0.0 0.65 1.50 8.53

DoD % Change ▲1.5 ▲2.9 ▲2.9 ▲1.9 ▲3.8 ▲0.5 ▲3.7 ▼2.8 ▲1.7 ▲4.2 ▲1.0 ▲1.7 ▼1.0 ▼0.3 ▲1.3 ▲16.3 ▲10.0 ▲3.3 ▲1.5 ▲6.5 ▼0.1 ▲6.7 ▼0.9 ▲0.1 ▲4.0 ▲1.2 ▼2.1 ▼1.3 ▼1.3 ▲1.0 ▼1.3 ▲1.4

YTD % Change ▲1.3 ▲1.3 ▲3.7 ▲3.0 ▲11.4 ▼3.5 ▲4.3 ▼6.6 ▲12.1 ▼4.8 ▼11.0 ▲2.9 ▼10.3 ▼6.6 ▼6.1 ▼15 ▼18.2 ▼0.2 ▲12.7 ▼8.3 ▼0.3 ▲6.5 ▼20.2 ▼13.7 ▲14.7 ▼10.6 ▲6.6 ▲38.0 ▼15.8 ▼13.2 ▼14.9 ▼14.0 ▼14.3 ▼4.9 ▼11.0 ▼15.3 ▲23.9

Volume k 147,688 183,819 58,743 303 23,790 92 1,655 0 98 2,708 4,119 23,790 226 1,964 90 221 13,313 2,089 6,012 0 2,494 43 40 2 1 560 24 1 12 54 1,708 167 4 0 102 57 743

Value Yr. Yr. Market Cap % Free EGP mn High Low (EGP mn) Float 630 13,544 11,845 345,000 43 663 438,810 42 175 162,858 50 22.6 82.3 28.9 86,828 66 0.0 43.5 25.2 30,794 3 3.2 42.5 18.1 10,882 34 12.1 9.6 3.1 1,464 38 0.0 11.3 7.0 1,272 26 0.6 0.7 0.4 5,846 45 65.9 29.2 6.4 14,942 68 41.9 12.9 4.9 7,369 31 25.3 1.7 0.6 1,503 94 1.2 0.7 0.3 1,520 41 2.0 1.2 0.8 436 98 0.1 4.1 2.5 124 43 2.2 21.9 2.9 1,614 39 115 115,545 49 1.5 1.10 0.60 144 49 60 59,331 35 0.0 500 188 5,733 33 44.3 22.8 6.1 9,616 32 3.4 93 28 17,650 32 0.5 25.5 8.7 2,291 47 0.0 27 17 1,390 55 0.1 111.0 70.0 2,838 50 2.6 6 3 2,242 50 0.5 25.7 19.0 1,469 57 0.0 30 17 624 33 0.0 4.5 2.0 264 55 0.1 4 2 288 33 1.3 1.0 0.6 419 67 0.1 1 1 386 69 0.4 115.5 48.2 10,741 10 0.0 10.5 6.0 41 76 0.1 1.0 0.5 77 64 0.1 2.2 1.2 60 74 6.3 10.6 4.3 3,200 22

Weight in EGX 100.0% 124% 50.8% 39.0% 2.5% 6.8% 1.6% 1.0% 2.1% 2.1% 3.8% 0.7% 0.5%

Weight in Focus 80.8% 100.0% 46.1% 32.4% 0.5% 2.1% 0.3% 0.2% 1.5% 5.7% 1.3% 0.8% 0.3% 0.2% 0.0% 0.4% 0.0% 0.0% 10.2% 1.1% 1.8% 3.2% 0.6% 0.4% 0.8% 0.6% 0.5% 0.1% 0.1% 0.1% 0.2% 0.1% 0.6% 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) 29.6 23.5 16.7 20.7 10.7 11.6 6.9 5.6 13.5 34.1 9.2 n/a 143.6 n/a 10.2 372.4 n/a n/a 128.9 n/a n/a 13.1 n/a 17.8 12.4 31.6 n/a 15.2 n/a 7.5 6.1 15.8 n/a 14.3 n/a 34.6 11.7

PER (x) 2016 (e) 15.4 14.1 13.9 16.3 8.2 8.9 3.7 2.8 11.2 32.5 8.3 n/a 287.3 n/a 9.0 620.6 n/a n/a 27.5 n/a n/a 6.3 n/a 18.8 11.8 30.0 36.0 8.6 3.4 5.1 8.7 15.0 n/a 35.7 n/a 33.9 10.7

2017 (e) 13.2 11.5 10.4 13.0 6.4 6.6 2.4 2.0 10.2 29.5 8.0 n/a 273.6 76.4 8.6 591.1 n/a n/a 20.9 n/a n/a 6.0 n/a 17.9 10.7 26.1 34.3 7.8 3.2 4.3 8.5 14.3 n/a 34.0 0.9 33.3 10.1

DY (% ) 2015 (a) 2016 (e) 2017 (e) 1.0 1.3 1.9 2.3 2.3 3.0 2.0 1.7 2.6 1.8 1.0 1.8 5.6 7.5 10.8 8.1 7.9 12.9 3.8 3.0 3.4 0.2 0.1 2.5 2.4 1.9 0.0 19.3 14.5 0.6 2.7 1.3 2.5 8.9 7.8 21.0 2.3 2.1 3.6 2.5 2.1 4.8 5.5 6.1 4.8 4.0 3.2 3.8 7.7 9.8 30.3 6.9 7.3 2.2 9.8 14.0 1.7 2.3 6.8 11.7 8.1 6.3 5.4 6.1

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 Cairo Oils and Soap* Pharmaceutical Egyptian Int. Pharmaceuticals Ind. (EIPICO) Glaxo Smith Kline

Reuters Code IRON

Last Price 4.92

Close Price 4.96

AUTO

2.87

2.90

ABUK EFIC JUFO SUGR NCMP EFID EAST DOMT

116.9 11.50 7.65 12.5 13.38 17.6 199.0 7.8

115.5 11.31 7.59 12.7 17.7 199.0 8.0

UEFM WCDF EDFM MILS CEFM SCFM AFMC

94.5 75.5 73.0 18.9 24.8 18.00 19.4

94.5 0.0 73.4 18.9 24.9 0.0 -

SKPC AMOC MOIL EGAS ZEOT COSG

18.8 97.6 0.27 50.2 0.8 23.5

18.8 98.5 0.27 50.3 0.8 23.2

PHAR BIOC

102.5 9.8

0.0 0.0

DoD % Change ▼0.2 ▼1.7 ▼1.7 ▲5.5 ▲10.0 ▲4.2 ▲5.7 ▲2.0 ▲2.9 ▲2.0 ▼2.7 ▼0.0 ▲0.0 ▲0.7 ▼0.2 ▼0.4 ▼0.9 ▲0.2 ▲0.1 ▼0.4 ▼0.9 ▼1.4 ▼0.2 ▲2.5 ▲4.1 ▼1.6 ▼2.3 -

YTD % Change ▼0.3 ▼11.4 ▼11.4 ▼4.3 ▲12.2 ▲25.3 ▲23.6 ▼3.3 ▲1.1 ▲21.3 ▼28.4 ▲19.7 ▲27.7 ▲25.9 ▲20.4 ▲25.8 ▲26.9 ▲50.7 ▲29.8 ▲23.0 ▲18.0 ▲9.7 ▲31.9 ▲3.8 ▼2.4 ▼1.2 ▼12.2 ▲13.9 ▲17.1 ▲4.4

Volume k 2,681 588 588 1,383 46 707 600 18 0 12 0 411 43 25 0 0 1 16 0 0 774 600 84 89 1 314 580 207 0 0

Value EGP mn 3.4 2 1.7 18 5.3 8.0 4.6 0.2 0.0 0.2 0.0 0.4 3 2.4 0.0 0.0 0.0 0.4 0.0 0.0 20 11.3 8.3 0.2 0.1 0.3 13.4 1 0.0 0.0

Yr. High 5.4

Yr. Low 2.9

3.6

1.8

143 13.1 9 14.8 17 20.0 220.0 10.9

95 5.6 4 8.0 11 7.5 71.3 4.2

102 75.0 80 21.0 29 19.8 20

56 37.0 35 11.3 10 8.6 13

22.2 121.1 0.3 66.0 1.0 28.4

10.0 21.3 0.2 26.1 0.6 14.2

105.0 11.6

55.8 7.8

Market Cap % Free Weight (EGP mn) Float in EGX 2,403 9 0.1% 3,140 54 1.1% 3,140 54 1.1% 36,337 39 5.6% 9,833 30 797 55 7,202 49 2.4% 1,777 38 395 57 6,383 9 9,950 39 2.6% 2,202 43 19.4% 2,496 0 662 48 566 38 438 45 202 43 364 33 108 29 155 17 19,843 43 3.4% 9,870 49 3.2% 8,399 39 971 34 603 20 129 68 940 30 0.2% 9,969 0 8,132 56 820 8 -

Weight in Focus 0.1% 1.0% 1.0% 6.6% 1.7% 0.2% 2.0% 0.4% 0.1% 0.3% 2.2% 0.0% 0.6% 0.2% 0.1% 0.1% 0.0% 0.1% 0.0% 0.0% 4.8% 2.7% 1.8% 0.2% 0.1% 0.0% 0.2% 2.8% 2.6% 0.0%


2015 (a) n/a 16.4 16.4 9.4 10.9 13.4 7.6 65.9 8.3 288.5 8.8 17.1 12.5 9.9 10.9 38.9 10.4 17.7 31.9 5.8 23.4 13.1 27.7 n/a 201.9 223.0 n/a 19.0 22.7 11.9

PER (x) 2016 (e) n/a 15.6 15.6 8.6 9.6 16.7 7.6 38.8 5.9 235.4 7.5 22.3 8.1 8.2 6.4 6.9 22.7 6.2 n/a 6.4 15.3 13.8 21.6 4.5 192.3 n/a 0.0 17.2 19.8 9.9

DY (% ) 2017 (e) 2015 (a) 2016 (e) 2017 (e) n/a 14.9 14.9 8.3 5.0 6.0 6.7 9.2 7.2 8.5 10.3 16.4 5.4 2.2 2.6 7.6 2.0 2.9 2.2 36.9 5.4 11.3 16.0 17.5 204.7 7.2 5.0 6.0 6.6 12.7 6.4 7.0 7.4 10.7 7.4 7.1 7.9 9.0 5.2 7.3 10.6 16.5 6.0 7.2 9.2 10.9 21.7 8.5 5.3 4.6 5.9 4.8 1.8 5.5 6.0 5.6 22.3 6.1 8.8 8.8 7.7 14.7 5.6 4.8 4.7 12.6 6.6 6.4 5.6 24.0 5.1 3.8 4.4 4.3 183.2 4.0 1.9 2.3 n/a 0.0 15.7 3.8 4.5 5.0 18.0 3.4 4.1 4.5 9.0 7.3 9.6 10.4

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

Close Price

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

8.2 21.5 26.7 3.2 0.29 12.6 1.11 7.5 16.0 2.1 2.7 0.3

8.1 21.5 27.0 3.2 0.30 12.7 1.12 7.5 15.7 2.1 2.8 0.3

ETEL GTHE EMOB OTMT MPRC RAYA

11.4 6.9 81.7 0.68 2.8 7.7

11.5 1.23 0.0 0.69 2.8 7.4

ORWE ACGC

17.3 4.5

17.4 4.5

DoD % Change ▲1.5 ▲2.9 ▲3.2 ▼0.0 ▲3.2 ▼3.3 ▼0.2 ▼0.9 ▲9.6 ▼1.4 ▼0.4 ▼3.8 ▲1.5 ▲0.9 ▲2.4 ▼1.0 ▲0.7 ▲7.1 ▼30.3 ▼0.1 ▲1.1

YTD % Change ▼2.4 ▼10.4 ▲4.1 ▲7.7 ▲4.5 ▼6.5 ▼16.1 ▲2.8 ▼7.1 ▲35.5 ▲12.5 ▼6.2 ▼13.8 ▼6.6 ▼3.0 ▼4.2 ▼19.8 ▼19.0 ▼16.2 ▲44.5 ▼25.7 ▲11.5 ▼6.5

Volume k 62,213 3,676 1,839 754 21,342 23,042 1,371 2,959 37 6 122 7,064 13,468 49,391 1,413 17,397 0 30,216 151 214 4,465 102 3,816

Value EGP mn 207 29.9 39.5 20.4 69.2 6.9 17.5 3.3 0.3 0.1 0.3 19.4 3.5 159 16.2 120.2 0.0 20.7 0.4 1.6 20 1.8 17.1

Yr. High

Yr. Low

10.0 22.7 31.3 3.6 0.5 16.7 1.3 9.4 15.0 3.1 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 3.8 7.4

5.5 1.5 81.8 0.5 2.1 3.4

20.0 5.6

4.9 2.3

Market Cap % Free Weight (EGP mn) Float in EGX 68,860 43 19.4% 16,880 50 5.7% 10,755 59 4.3% 11,887 28 2.2% 7,481 55 2.8% 1,322 44 0.4% 4,280 74 2.1% 1,166 77 0.6% 816 67 1,440 66 513 27 12,320 11 0.9% 1,140 53 0.4% 68,650 22 9.7% 19,461 20 2.6% 36,143 25 6.1% 8,171 4 3,567 41 1.0% 531 39 777 55 7,327 62 2.5% 4,590 57 1.8% 1,184 96 0.8%

Weight in Focus 16.8% 4.8% 3.5% 1.8% 2.3% 0.3% 1.8% 0.5% 0.3% 0.5% 0.1% 0.8% 0.3% 8.6% 2.2% 5.1% 0.2% 0.8% 0.1% 0.2% 2.6% 1.5% 0.6%

2015 (a) 31.0 24.8 61.5 75.4 20.0 7.6 30.0 n/a 28.5 18.1 7.1 32.6 30.8 n/a 7.6 n/a n/a n/a 70.4 8.2 22.5 23.4 35.7

PER (x) 2016 (e) 17.8 23.1 52.9 81.6 7.0 8.6 13.8 3.7 27.0 17.9 9.2 15.9 13.1 10.1 6.6 n/a 157.2 1.0 67.0 6.8 23.4 23.2 34.0

DY (% ) 2017 (e) 2015 (a) 2016 (e) 2017 (e) 19.6 1.2 1.1 1.3 20.1 1.8 1.8 1.8 40.7 41.7 1.3 2.5 2.9 17.6 4.6 0.6 0.9 6.0 3.7 9.2 15.0 13.2 18.4 16.4 23.9 11.5 13.3 11.9 2.2 9.3 0.6 1.7 2.2 6.0 1.8 5.3 7.0 137.2 131.0 1.0 63.8 6.2 8.7 16.5 14.8 6.4 3.1 3.1 9.9 7.2 3.0 3.0 9.6 32.4 -


4




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

Jazira Securities Online Trading You can trade online through Jazira Securities online trading portal ... Please contact the Marketing Department for further information.

JSB Contacts

Title

Land Line

Email

Hussein El Sawalhy, CFA

Managing Director

(+202) 3760 9915

[email protected]

Ahmed Helmy

Head of Sales & Trading

(+202) 37609941

[email protected]

Nada Safeer

Research Department

(+202) 37609883

[email protected]

Mohamed Mamdooh, CETA, CFTe

Senior Technical Analyst

(+202) 3760 98 73

[email protected]

George Mansour

Customer Service

+20122 921 4069

[email protected]

Amr Abdo

Marketing Manager

+20109 166 1366

[email protected]

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.

• • • •

JSB, Jazira Capital or any of its affiliates and/or their respective officers, directors or employees may from time to time acquire, hold or sell securities mentioned herein as principal or agent. JSB research reports and all the information opinions and conclusions contained in them are protected by copyright. The research reports or documents may not be reproduced or distributed in whole or in part without express consent of JSB Research. JSB research reports or documents, recommendations and information are subject to change without further notice.

5