Closing Bell March 13 2017

THE CLOSING BELL BULLETIN

JAZIRA SECURITIES BROKERAGE

Monday, March 13, 2017

Indices EGX30

Close 12,929

EGX70

522

▲0.3%

▲37.7%

EGX100

1243

▲0.3%

▲57.2%

EGP mn

% of Market

Trading Activity Total Market

1 Day Change YTD Change ▲0.1% ▲4.7%

1,171

Top Gainers

Closing Price

% Change

National Co. for maize products

16.24

▲10.0

Egypt Aluminum

20.83

▲8.4

Sharkia National Food

4.54

▲7.8

National Cement

7.91

▲7.5

Acrow Misr

46.7

▲7.2

GDRs (as of 15:00 CLT)

US$

% Change

COMIq.L

4.24

▲1.0

ETELq.L

2.00

-

HRHOq.L

2.67

▲1.1

OTMTq.L

0.17

-

Exchange Rates

Bid

Ask

EGX30

788

67

EGX70

233

20

OTC

0

0

Alexandria Cement

6.58

▼9.4

EGP/ 1S$

17.6732

17.8011

Bonds

13

1

Torah Cement

9.34

▼7.4

EGP/ 1€

18.8503

18.9938

# of Stocks

EGP mn

% of Market

Edita Food Industries S.A.E

16.79

▼5.3

EGP/ 1£

21.6020

21.7600

Advancers

▲170

1,154

51

Cairo Oils & Soap

23.17

▼3.9

EGP/ 1SAR

4.7110

4.7482

Decliners

▼60

603

27

76

501

22

Cairo Poultry

4.21

▼3.9

EGP/ 1AED

4.8114

4.8471

Buyers

Sellers

% of Market

EGP mn

% Change

Regional Indices

Close

% Change

675

714

60

172

▲0.9

Tadawul (KSA)

6,788

▼0.7

Dubai General

3,501

▲0.6

Abu Dhabi Gen.

4,382

▼1.2

Kuwait General

6,712

▼0.5

Market Breadth

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

Top Losers

Closing Price

Top Traded by Value EFG-Hermes

% Change

479

441

40

Pioneers Holding

104

▲3.8

Buyers

Sellers

Net Flow

Global Telecom

67

▼0.4

Egyptians (EGP mn)

725

881

-156

Arab (EGP mn)

105

122

-17

Eastern Tobacco

63

▼0.4

Bahrain All share

1,371

▲0.4

Foreigners (EGP mn)

325

152

173

CIB

61

▼0.1

Muscat 30

5,716

▼0.4

EGX30 Intraday Chart

Investor Type

13,040 13,020

Insider Trading Stock (Latest available)

Type Volume

13,000

Related Parties

Giza General Contract.

Buy

750,000

12,980

Board Member

Credit Agricole

Sell

120,091

Board Member

Credit Agricole

Buy

30,000

12,920

Related Parties

Egyptian Fin. & Ind.

Buy

25,000

12,900

Board Member

Golden Coast Co.

Buy

12,040

Board Member

Samad Misr

Buy

2,000

M.S.H

Middle Eg. Flour Mills

Buy

560

12,960 12,940

12,880 12,860 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 14:20

Market Headlines

Oriental Weavers posted profit of EGP113.07 mn in 4Q FY16, a rise of 71.7% , versus EGP65.84 mn in 4Q FY15. Profits for FY16 increased 55.9% to EGP528.947 mn from EGP339.1 mn for FY15.

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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 12,929

Close Price

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

77.1 41.0 36.0 7.36 10.0 0.66 25.75 10.50 1.06 0.60 0.97 3.00 9.20

78.0 40.1 36.0 7.46 10.03 0.65 25.95 10.47 1.08 0.60 0.98 3.03 9.26

UAGS

0.75

0.76

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

454.0 19.00 84.0 15.1 20.5 90.0 4.77 20.7 27.7 3.51 2.40 0.74 0.73 92.1 7.77 0.65 1.58 9.19

19.09 84.0 15.0 20.5 90.0 4.81 0.0 27.0 0.0 2.39 0.74 0.74 93.4 7.9 0.65 1.57 9.43

DoD % Change ▲0.1 ▲0.6 ▲0.8 ▼1.2 ▲2.3 ▼0.1 ▼3.3 ▼2.4 ▲3.1 ▲0.2 ▲4.1 ▼2.8 ▼2.0 ▼2.3 ▼3.4 ▼0.0 ▼1.3 ▲12.7 ▼0.5 ▼1.6 ▲0.2 ▲0.9 ▲2.5 ▼1.8 ▼1.4 ▲0.8 ▲9.9 ▼2.4 ▼1.4 ▲0.0 ▼2.9 ▲1.6 ▲2.6 ▼0.6

YTD % Change ▲4.7 ▲3.8 ▲5.8 ▲5.5 ▲10.0 ▼0.9 ▲4.8 ▲0.5 ▲13.8 ▲0.9 ▼8.6 ▲2.9 ▼11.8 ▼8.5 ▼8.5 ▼18 ▼14.8 ▼0.1 ▲19.5 ▼3.0 ▲7.0 ▲13.3 ▼4.1 ▼4.7 ▲8.6 ▼8.3 ▲4.9 ▲47.2 ▼10.5 ▼9.4 ▼14.9 ▼15.1 ▼13.5 ▼6.6 ▼11.0 ▼10.7 ▲34.8

Volume k 146,157 188,279 60,506 780 19,900 47 840 8 915 6,617 9,929 19,900 17 1,554 25 93 15,254 2,602 7,887 0 666 99 88 4 0 369 0 14 0 175 1,611 1,512 141 4 81 685 2,437

Value Yr. Yr. Market Cap % Free EGP mn High Low (EGP mn) Float 895 13,544 11,845 351,691 43 1,011 448,791 42 373 166,202 50 60.8 82.3 28.9 88,998 66 0.3 43.5 25.2 30,423 3 1.7 42.5 18.1 11,181 34 6.3 9.6 3.1 1,472 38 0.1 11.3 7.0 1,369 26 5.2 0.7 0.4 5,936 45 171.7 29.2 6.4 15,834 68 103.9 12.9 4.9 7,564 31 21.5 1.7 0.6 1,503 94 0.1 0.7 0.3 1,496 41 1.5 1.2 0.8 427 98 0.2 4.1 2.5 121 43 0.9 21.9 2.9 1,555 39 107 121,477 49 2.0 1.10 0.60 150 49 65 62,435 35 0.0 500 188 6,067 33 12.7 22.8 6.1 10,322 32 8.3 93 28 18,767 32 1.3 25.5 8.7 2,753 47 0.1 27 17 1,536 55 0.0 111.0 70.0 2,689 50 1.8 6 3 2,300 50 0.0 25.7 19.0 1,446 57 0.4 30 17 666 33 0.0 4.5 2.0 281 55 0.4 4 2 300 33 1.2 1.0 0.6 419 67 1.1 1 1 380 69 13.2 115.5 48.2 10,847 10 0.0 10.5 6.0 40 76 0.1 1.0 0.5 77 64 1.1 2.2 1.2 63 74 23.0 10.6 4.3 3,481 22

Weight in EGX 100.0% 124% 51.1% 39.1% 2.5% 7.1% 1.6% 0.9% 2.2% 2.2% 4.0% 0.7% 0.5%

Weight in Focus 80.4% 100.0% 46.1% 32.4% 0.5% 2.1% 0.3% 0.2% 1.5% 5.9% 1.3% 0.8% 0.3% 0.2% 0.0% 0.3% 0.0% 0.0% 10.5% 1.1% 1.8% 3.3% 0.7% 0.5% 0.7% 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) 30.2 24.1 17.0 21.2 10.6 11.9 6.9 6.0 13.7 36.1 9.4 n/a 141.3 n/a 10.0 358.7 n/a n/a 136.7 n/a n/a 14.0 n/a 19.7 11.7 32.4 n/a 16.2 n/a 7.8 6.1 15.6 n/a 14.0 n/a 36.4 12.7

PER (x) 2016 (e) 15.7 14.4 14.2 16.7 8.1 9.1 3.7 3.1 11.4 34.4 8.6 n/a 282.6 n/a 8.8 597.9 n/a n/a 29.2 n/a n/a 6.7 n/a 20.8 11.2 30.8 35.4 9.2 3.6 5.3 8.7 14.8 n/a 35.0 n/a 35.7 11.6

2017 (e) 13.4 11.8 10.6 13.3 6.3 6.8 2.4 2.1 10.4 31.3 8.2 n/a 269.1 74.9 8.4 569.4 n/a n/a 22.1 n/a n/a 6.3 n/a 19.8 10.2 26.8 33.7 8.4 3.4 4.5 8.5 14.1 n/a 33.4 0.9 35.0 11.0

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 5.5 7.3 10.5 7.5 7.4 12.0 3.8 3.0 3.4 0.2 0.1 2.4 2.3 1.8 0.0 18.3 13.7 0.6 2.5 1.2 2.4 8.3 7.3 17.5 2.0 1.8 3.2 2.3 1.9 5.1 5.8 6.4 4.8 4.1 3.3 3.6 7.2 9.2 28.5 6.5 6.8 2.1 9.4 13.4 1.7 2.3 6.8 11.9 8.2 5.8 5.0 5.6

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 5.24

Close Price 5.37

AUTO

2.71

2.76

ABUK EFIC JUFO SUGR NCMP EFID EAST DOMT

132.3 12.80 6.92 12.8 16.24 16.8 207.0 7.7

131.8 12.94 7.09 0.0 16.2 16.8 204.1 7.9

UEFM WCDF EDFM MILS CEFM SCFM AFMC

94.5 79.0 75.0 19.1 24.7 18.00 18.3

79.3 75.0 19.2 24.9 18.0 -

SKPC AMOC MOIL EGAS ZEOT COSG

19.4 104.5 0.26 49.6 0.8 22.9

19.6 105.8 0.27 50.5 0.8 23.2

PHAR BIOC

106.0 10.6

105.5 0.0

DoD % Change ▼6.1 ▼4.9 ▼4.9 ▲0.3 ▼0.2 ▲2.1 ▼1.7 ▲2.7 ▲10.0 ▼5.2 ▲1.0 ▼2.3 ▼0.3 ▲0.1 ▲0.1 ▼3.5 ▼0.6 ▲1.2 ▲0.2 ▼0.9 ▲0.5 ▼3.7 ▼2.1 ▼2.4 ▼5.1 ▲0.7 ▲0.6 -

YTD % Change ▼0.2 ▼16.4 ▼16.4 ▼0.5 ▲26.9 ▲39.4 ▲11.8 ▼1.2 ▲22.7 ▲15.8 ▼25.5 ▲18.3 ▲29.2 ▲25.9 ▲25.9 ▲29.3 ▲28.1 ▲50.5 ▲29.8 ▲15.7 ▲23.3 ▲13.4 ▲41.3 ▼3.6 ▼2.4 ▼14.6 ▲17.8 ▲21.1 ▲12.5

Volume k 2,908 3,276 3,276 3,139 74 1,401 1,288 0 56 9 310 1,670 29 0 6 0 4 16 2 1 1,353 901 398 49 5 51 1,167 402 101 0

Value EGP mn 8.3 9 9.0 101 9.8 18.1 9.1 0.0 0.9 0.2 63.3 13.2 1 0.0 0.5 0.0 0.1 0.4 0.0 0.0 60 17.6 42.1 0.1 0.3 0.0 27.0 11 10.7 0.0

Yr. High 5.9

Yr. Low 2.9

3.6

1.8

143 13.0 9 14.8 17 20.0 220.0 10.9

95 5.3 4 8.0 11 7.5 71.3 4.2

102 79.9 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

107.0 11.6

55.8 7.8

Market Cap % Free Weight (EGP mn) Float in EGX 2,559 9 0.1% 2,965 54 1.1% 2,965 54 1.1% 37,264 39 5.4% 11,126 30 887 55 6,515 49 2.1% 1,816 38 479 57 6,093 9 10,349 39 2.7% 2,176 43 19.4% 2,527 0 662 48 593 38 450 45 204 43 364 33 108 29 146 17 20,735 43 3.5% 10,206 49 3.3% 8,998 39 935 34 596 20 127 68 915 30 0.2% 10,309 0 8,410 56 884 8 -

Weight in Focus 0.1% 0.9% 0.9% 6.6% 1.8% 0.3% 1.7% 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% 4.9% 2.7% 1.9% 0.2% 0.1% 0.0% 0.2% 2.8% 2.6% 0.0%


2015 (a) n/a 15.5 15.5 9.8 12.3 14.9 6.9 67.3 10.1 278.1 9.2 16.9 12.6 9.9 11.4 39.9 10.5 17.6 31.9 5.5 24.5 13.6 29.7 n/a 199.6 220.3 n/a 19.6 23.5 12.8

PER (x) 2016 (e) n/a 14.7 14.7 8.9 10.9 18.6 6.9 39.6 7.1 226.9 7.8 22.0 8.2 8.2 6.7 7.0 23.0 6.2 n/a 6.0 15.9 14.3 23.1 4.3 190.1 n/a 0.0 17.8 20.4 10.7

DY (% ) 2017 (e) 2015 (a) 2016 (e) 2017 (e) n/a 14.0 14.0 8.6 4.8 5.8 6.4 10.4 6.4 7.5 9.1 18.2 4.8 2.0 2.3 6.9 2.2 3.2 2.4 37.7 6.5 9.3 13.1 14.4 197.3 7.4 4.8 5.8 6.4 12.6 6.5 6.9 7.3 10.5 7.4 7.1 7.9 9.0 5.4 7.0 10.1 15.8 6.1 7.0 9.0 10.6 21.9 8.4 5.2 4.6 5.9 4.9 1.8 5.5 6.0 5.6 22.3 5.7 9.3 9.3 8.1 15.4 5.3 4.6 4.5 13.0 6.4 6.2 5.4 25.7 4.8 3.6 4.1 4.1 181.0 4.0 1.9 2.3 n/a 0.0 16.3 3.6 4.4 4.8 18.6 3.3 4.0 4.4 9.7 6.8 8.9 9.7

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

8.3 22.3 29.3 3.2 0.29 12.9 1.10 7.5 16.1 2.5 2.6 0.3

8.3 22.3 29.2 3.2 0.30 13.0 1.12 7.3 0.0 2.5 2.6 0.3

ETEL GTHE EMOB OTMT MPRC RAYA

11.6 6.8 84.2 0.69 2.7 8.6

11.7 0.00 84.2 0.69 2.7 8.5

ORWE ACGC

19.0 4.6

19.0 4.6

DoD % Change ▼0.7 ▼1.2 ▲0.8 ▲1.8 ▼1.8 ▼3.3 ▼0.8 ▼2.7 ▲1.8 ▲5.2 ▼3.4 ▼3.8 ▼1.0 ▼3.1 ▼0.1 ▼0.6 ▼2.5 ▲6.1 ▼32.5 ▲5.4 ▼2.1

YTD % Change ▼0.8 ▼9.5 ▲7.9 ▲18.1 ▲2.9 ▼6.5 ▼14.5 ▲1.9 ▼7.2 ▲36.6 ▲33.2 ▼11.0 ▼13.8 ▼6.2 ▼1.6 ▼5.0 ▼17.3 ▼17.9 ▼18.6 ▲60.4 ▼25.2 ▲22.6 ▼4.4

Volume k 35,051 2,574 1,218 1,871 8,761 11,610 1,167 2,602 85 0 1,037 4,128 4,086 70,550 4,537 9,863 0 55,741 121 288 6,086 2,463 3,261

Value EGP mn 167 21.3 27.2 54.6 28.1 3.4 15.1 2.9 0.6 0.0 2.6 10.8 1.1 162 53.2 67.2 0.0 38.4 0.3 2.4 62 46.8 15.0

Yr. High

Yr. Low

10.0 22.9 31.3 3.6 0.5 16.7 1.3 9.4 17.0 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 8.3

5.5 1.5 81.7 0.5 2.1 3.4

20.0 5.6

4.9 2.3

Market Cap % Free Weight (EGP mn) Float in EGX 70,002 43 19.4% 17,045 50 5.6% 11,150 59 4.3% 13,039 28 2.4% 7,366 55 2.7% 1,322 44 0.4% 4,365 74 2.1% 1,155 77 0.6% 815 67 1,452 66 607 27 11,686 11 0.9% 1,140 53 0.4% 68,980 22 9.5% 19,734 20 2.6% 35,828 25 6.0% 8,420 4 3,620 41 1.0% 516 39 863 55 7,373 62 2.5% 4,590 57 1.7% 1,210 96 0.8%

Weight in Focus 16.7% 4.7% 3.6% 2.0% 2.2% 0.3% 1.8% 0.5% 0.3% 0.5% 0.1% 0.7% 0.3% 8.4% 2.1% 4.9% 0.2% 0.8% 0.1% 0.3% 2.5% 1.4% 0.6%

2015 (a) 31.6 25.1 63.8 82.7 19.7 7.6 30.6 n/a 28.4 18.3 8.4 30.9 30.8 n/a 7.7 n/a n/a n/a 68.3 9.1 22.6 25.7 36.5

PER (x) 2016 (e) 18.1 23.3 54.8 89.5 6.9 8.6 14.0 3.6 27.0 18.1 10.9 15.1 13.1 10.1 6.7 n/a 162.0 1.1 65.1 7.6 23.6 25.5 34.8

DY (% ) 2017 (e) 2015 (a) 2016 (e) 2017 (e) 20.0 1.2 1.1 1.3 20.3 1.8 1.8 1.8 42.2 45.7 1.2 2.3 2.6 17.3 4.7 0.6 1.0 6.0 3.7 9.2 15.0 13.5 18.2 16.3 24.1 13.6 12.6 11.9 2.2 9.4 0.6 1.7 2.1 6.1 1.7 5.2 6.9 136.0 135.0 1.0 62.0 6.9 7.8 14.8 13.3 6.4 3.1 3.1 9.9 8.0 3.0 3.0 9.6 33.1 -


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