Closing Bell March 26 2017

THE CLOSING BELL BULLETIN

JAZIRA SECURITIES BROKERAGE

Sunday, March 26, 2017

Indices EGX30

Close 13,108

EGX70

559

▼0.5%

▲47.5%

EGX100

1308

▼0.2%

▲65.3%

EGP mn

% of Market

Trading Activity

1 Day Change YTD Change ▲0.6% ▲6.2%

Top Gainers

Closing Price

% Change

Egyptian Starch & Glucose

10.02

▲10.0

Alexandria New Medical Center

37.41

▲10.0

Pyramisa Hotels

21.26

▲9.8

El Obour Real Estate Investment

2.94

▲9.7

Egyptian Real Estate Group

11.18

▲8.9

GDRs (as of 15:00 CLT)

US$

% Change

COMIq.L

4.34

▲0.5

ETELq.L

2.60

-

HRHOq.L

2.80

▲0.7

OTMTq.L

0.42

-

Exchange Rates

Bid

Ask

Total Market

976

EGX30

788

81

EGX70

348

36

OTC

0

0

Grand Investment Capital

4.51

▼8.2

EGP/ 1S$

18.0773

18.2046

Bonds

32

3

Cairo Poultry

5.78

▼5.3

EGP/ 1€

19.4964

19.6373

# of Stocks

EGP mn

% of Market

Egyptian Media Production City

2.88

▼4.3

EGP/ 1£

22.5876

22.7539

Advancers

▲192

942

56

Atlas For Land Reclamation

8.01

▼3.3

EGP/ 1SAR

4.8202

4.8543

Decliners

▼123

694

41

43

52

3

Misr Fretilizers Production Co.

77.46

▼2.9

EGP/ 1AED

4.9213

4.9573

Buyers

Sellers

% of Market

EGP mn

% Change

Regional Indices

Close

% Change

632

668

69

140

-

Tadawul (KSA)

6,874

▼0.1

Dubai General

3,468

▲0.2

Abu Dhabi Gen.

4,465

▼0.7

Market Breadth

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

310

274

31

Buyers

Sellers

Net Flow

Egyptians (EGP mn)

679

698

-18

Arab (EGP mn)

67

59

8

Foreigners (EGP mn)

197

186

11

EGX30 Intraday Chart

Investor Type

13,1 40

Top Losers

Closing Price

Top Traded by Value Egy. International Pharm.

% Change

Citadel Capital

81

▲4.6

Palm Hills

45

▲2.2

Kuwait General

7,041

-

Pioneers Holding

45

▲0.6

Bahrain All share

1,379

▲0.2

EFG-Hermes

41

▲0.9

Muscat 30

5,654

▲0.3

Type

Volume

Market Headlines

Insider Trading Stock (Latest available)

13,1 20 13,1 00

Board Member

Mohandes Insurance

Sell

1,064,000

M.S.H

Int. Co For Inv. & Dev.

Buy

17,146

Related Parties

Raya Holding

Sell

9,780

Board Member

Alex. Medical Services

Buy

700

13,0 80 13,0 60 13,0 40 13,0 20

Misr Cement – Qena’s ordinary general meeting has approved distributing cash dividends of EGP2 per share for FY16.

13,0 00 12,9 80 10:00 10:20 10:40 11:00 11:20 11:40 12:00 12:20 12:40 13:00 13:20 1 3:40 14:00 14:20

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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 13,108

Close Price

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

77.0 41.0 38.0 8.80 10.5 0.67 26.41 10.33 1.13 0.58 0.99 3.50 11.00

77.1 41.0 37.3 8.94 10.47 0.67 26.64 10.39 1.13 0.59 0.99 3.43 10.66

UAGS

0.78

0.78

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

500.0 20.28 87.5 15.0 22.0 90.0 5.00 20.0 27.5 4.28 2.94 0.81 0.76 98.1 8.48 0.71 1.68 9.51

500.2 20.57 87.0 15.4 22.0 89.8 5.00 0.0 28.0 4.4 2.98 0.79 0.76 100.0 8.5 0.71 1.66 9.61

DoD % Change ▲0.6 ▲1.2 ▲1.1 ▼0.0 ▲2.7 ▲2.9 ▲1.5 ▲1.5 ▲4.6 ▼1.0 ▲6.7 ▲6.0 ▲0.0 ▲2.6 ▲13.2 ▼2.0 ▼0.2 ▲2.0 ▼3.4 ▲0.0 ▼1.5 ▲1.8 ▲0.2 ▼1.1 ▲3.1 ▲1.7 ▲5.2 ▼3.2 ▲0.8 ▲4.3 ▼0.7

YTD % Change ▲6.2 ▲5.9 ▲6.7 ▲5.4 ▲10.0 ▲4.7 ▲25.4 ▲5.7 ▲15.5 ▲3.4 ▼10.1 ▲9.7 ▼14.7 ▼6.6 ▲6.7 ▼2 ▼11.4 ▼0.1 ▲25.5 ▲6.8 ▲14.2 ▲18.0 ▼4.9 ▲2.4 ▲8.6 ▼3.8 ▲1.5 ▲46.0 ▲9.2 ▲10.9 ▼6.9 ▼11.6 ▼7.8 ▲1.9 ▼2.7 ▼5.1 ▲39.4

Volume k 175,450 300,220 154,971 383 71,760 13 1,177 2 380 1,528 4,359 71,760 7 3,603 680 266 41,886 5,025 19,121 2 879 75 6 3 1 1,133 0 21 21 400 11,854 3,251 9 3 81 686 695

Value Yr. Yr. Market Cap % Free EGP mn High Low (EGP mn) Float 581 13,544 11,845 359,922 43 767 458,323 42 213 167,474 50 29.5 82.3 28.9 88,848 66 0.1 43.5 25.2 30,423 3 0.5 42.5 18.1 11,812 34 10.5 9.6 3.1 1,760 38 0.0 11.3 7.0 1,441 26 2.2 0.7 0.4 6,026 45 40.7 29.2 6.4 16,239 68 45.3 12.9 4.9 7,441 31 80.8 1.7 0.6 1,603 94 0.0 0.7 0.3 1,446 41 3.6 1.2 0.8 436 98 2.6 4.1 2.5 141 43 2.8 21.9 2.9 1,859 39 104 127,892 49 3.9 1.10 0.60 156 49 54 65,703 35 1.0 520 188 6,682 33 18.1 22.8 6.1 11,017 32 6.5 93 28 19,549 32 0.1 25.5 8.7 2,730 47 0.1 27 17 1,650 55 0.1 111.0 70.0 2,689 50 5.7 6 3 2,411 50 0.0 25.7 19.0 1,399 57 0.6 31 17 660 33 0.1 4.5 2.0 342 55 1.2 4 2 368 33 9.4 1.0 0.6 459 67 2.5 1 1 396 69 0.9 115.5 48.2 11,552 10 0.0 10.5 6.0 44 76 0.1 1.0 0.5 84 64 1.1 2.2 1.2 67 74 6.7 10.6 4.3 3,602 22

Weight in EGX 100.0% 124% 50.4% 38.2% 2.6% 7.1% 1.5% 1.0% 2.3% 2.3% 4.1% 0.7% 0.5%

Weight in Focus 80.7% 100.0% 45.5% 31.7% 0.5% 2.2% 0.4% 0.2% 1.5% 5.9% 1.2% 0.8% 0.3% 0.2% 0.0% 0.4% 0.0% 0.0% 10.8% 1.2% 1.9% 3.4% 0.7% 0.5% 0.7% 0.6% 0.4% 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) 30.9 24.6 17.1 21.2 10.6 12.6 8.3 6.4 13.9 37.0 9.3 n/a 136.6 n/a 11.6 428.9 n/a n/a 143.5 n/a n/a 14.6 n/a 21.2 11.7 33.9 n/a 16.1 n/a 9.5 6.7 16.2 n/a 15.3 n/a 38.8 13.2

PER (x) 2016 (e) 16.0 14.7 14.3 16.6 8.1 9.6 4.4 3.2 11.6 35.3 8.4 n/a 273.2 n/a 10.3 714.9 n/a n/a 30.7 n/a n/a 6.9 n/a 22.3 11.2 32.3 34.3 9.1 4.4 6.5 9.5 15.4 n/a 38.2 n/a 38.0 12.0

2017 (e) 13.8 12.0 10.7 13.3 6.3 7.2 2.9 2.2 10.5 32.1 8.0 n/a 260.2 76.4 9.8 680.8 n/a n/a 23.2 n/a n/a 6.6 n/a 21.2 10.2 28.1 32.6 8.3 4.2 5.5 9.4 14.7 n/a 36.4 1.0 37.2 11.4

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 5.2 6.9 10.0 7.1 7.0 11.4 3.7 2.9 3.3 0.2 0.1 2.3 2.2 1.7 0.0 16.6 12.5 0.5 2.3 1.2 2.3 8.0 7.0 17.7 2.0 1.8 3.0 2.1 1.7 5.1 5.8 6.4 5.0 4.3 3.4 3.6 7.3 9.3 23.4 5.3 5.6 1.7 7.7 11.0 1.5 2.1 6.6 11.4 7.9 5.6 4.8 5.4

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 5.42

Close Price 5.46

AUTO

2.79

2.80

ABUK EFIC JUFO SUGR NCMP EFID EAST DOMT

127.3 14.50 7.96 13.4 29.50 17.5 201.0 8.7

128.5 14.11 8.09 13.9 29.7 0.0 201.4 8.8

UEFM WCDF EDFM MILS CEFM SCFM AFMC

94.5 78.8 77.3 21.5 30.1 18.25 23.0

0.0 77.3 20.7 30.6 18.5 22.9

SKPC AMOC MOIL EGAS ZEOT COSG

19.0 105.0 0.26 53.1 0.9 22.1

19.0 105.7 0.26 53.7 0.9 22.1

PHAR BIOC

106.0 11.7

106.0 11.4

DoD % Change ▼0.4 ▼0.4 ▼0.4 ▼0.7 ▼1.6 ▲7.4 ▼1.8 ▼1.1 ▲4.1 ▼0.3 ▲2.0 ▲0.9 ▲0.4 ▼1.6 ▲0.5 ▲7.2 ▼0.4 ▲7.9 ▲0.4 ▲0.3 ▼1.3 ▲4.0 ▼0.5 ▲1.2 ▲2.6 ▲0.2 ▼0.2

YTD % Change ▼0.2 ▼13.9 ▼13.9 ▲2.3 ▲22.1 ▲58.0 ▲28.6 ▲3.3 ▲122.8 ▲20.7 ▼27.7 ▲34.1 ▲37.3 ▲25.9 ▲25.5 ▲33.2 ▲44.2 ▲83.5 ▲31.6 ▲45.8 ▲22.5 ▲10.9 ▲42.0 ▲3.2 ▲3.6 ▼17.4 ▲19.7 ▲21.1 ▲24.3

Volume k 2,928 1,163 1,163 1,966 13 1,493 304 14 103 0 39 1,480 69 0 0 0 34 30 4 1 735 421 174 132 7 1,187 804 1,851 1,324 9

Value EGP mn 6.5 3 3.3 36 1.7 21.1 2.5 0.2 3.1 0.0 7.9 0.9 2 0.0 0.0 0.0 0.7 0.9 0.1 0.0 27 8.0 18.4 0.3 0.4 1.0 17.8 143 140.4 0.1

Yr. High 5.9

Yr. Low 2.9

3.6

1.8

143 14.5 9 14.8 28 20.0 220.0 10.9

95 5.3 4 8.0 11 7.5 71.3 4.2

102 80.5 80 21.0 32 19.8 22

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

108.0 12.5

55.8 7.8

Market Cap % Free Weight (EGP mn) Float in EGX 2,647 9 0.1% 3,052 54 1.1% 3,052 54 1.1% 38,373 39 5.6% 10,705 30 1,005 55 7,494 49 2.4% 1,898 38 871 57 6,351 9 10,050 39 2.5% 2,467 43 19.9% 2,683 0 662 48 591 38 464 45 230 43 444 33 110 29 184 17 20,591 43 3.3% 9,975 49 3.1% 9,043 39 935 34 637 20 135 68 885 30 0.2% 10,431 0 8,410 56 977 8 -

Weight in Focus 0.1% 0.9% 0.9% 6.8% 1.7% 0.3% 2.0% 0.4% 0.3% 0.3% 2.1% 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% 0.0% 0.1% 2.8% 2.5% 0.0%


2015 (a) n/a 15.9 15.9 10.0 11.9 16.9 7.9 70.4 18.3 338.9 8.9 19.2 13.4 9.9 11.3 41.2 11.9 21.5 32.3 6.9 24.3 13.3 29.8 n/a 213.6 233.9 n/a 19.9 23.5 14.1

PER (x) 2016 (e) n/a 15.2 15.2 9.1 10.5 21.1 7.9 41.4 13.0 276.6 7.6 25.0 8.7 8.2 6.7 7.3 25.8 7.5 n/a 7.6 15.8 14.0 23.3 4.3 203.5 n/a 0.0 18.0 20.4 11.8

DY (% ) 2017 (e) 2015 (a) 2016 (e) 2017 (e) n/a 14.5 14.5 8.8 4.7 5.6 6.3 10.0 6.6 7.8 9.5 20.7 4.2 1.7 2.0 7.9 1.9 2.8 2.1 39.4 11.8 5.1 7.2 7.9 240.5 7.2 5.0 6.0 6.6 14.2 6.9 6.5 6.9 9.9 7.4 7.1 7.9 9.0 5.4 7.0 10.2 15.8 6.3 6.8 8.7 10.3 24.6 7.4 4.7 4.1 7.2 4.0 1.5 4.5 6.1 5.5 21.9 7.2 7.4 7.4 6.5 15.3 5.4 4.7 4.5 12.7 6.6 6.3 5.5 25.8 4.8 3.6 4.1 4.1 193.8 3.8 1.8 2.2 n/a 0.0 16.5 3.6 4.3 4.7 18.6 3.3 4.0 4.4 10.7 6.1 8.0 8.8

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

Close Price

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

9.1 22.3 29.9 3.3 0.32 13.6 1.12 7.9 14.8 2.4 2.6 0.3

9.1 22.3 30.2 3.3 0.32 13.7 1.11 7.8 14.4 2.4 2.7 0.3

ETEL GTHE EMOB OTMT MPRC RAYA

11.5 6.9 85.0 0.75 2.9 9.2

11.6 1.27 84.5 0.75 2.9 9.2

ORWE ACGC

19.0 4.7

19.2 4.7

DoD % Change ▲1.0 ▲0.9 ▲1.2 ▼0.0 ▲2.2 ▲1.5 ▲2.8 ▲0.6 ▲2.5 ▲2.1 ▲1.2 ▲0.3 ▲0.8 ▲0.4 ▼0.7 ▼3.0 ▲0.2 ▼34.3 ▲0.1 ▲2.4

YTD % Change ▲3.1 ▼0.2 ▲7.9 ▲20.5 ▲6.1 ▲3.2 ▼9.8 ▲3.7 ▼2.6 ▲24.9 ▲29.9 ▼9.3 ▼6.9 ▼5.1 ▼1.9 ▼4.0 ▼16.6 ▼10.7 ▼12.6 ▲73.2 ▼24.5 ▲22.7 ▼1.0

Volume k 65,166 3,601 681 563 13,782 25,988 2,066 9,760 119 2 661 7,944 27,207 47,579 1,156 2,590 1 42,850 945 38 7,598 602 5,899

Value EGP mn 182 32.9 15.2 17.0 45.3 8.3 28.3 10.8 0.9 0.0 1.6 21.1 7.3 66 13.4 17.8 0.1 32.1 2.7 0.3 41 11.6 27.7

Yr. High

Yr. Low

10.0 22.9 31.6 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 9.4

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 72,780 44 19.9% 18,799 50 6.1% 11,150 59 4.2% 13,306 28 2.4% 7,596 55 2.7% 1,459 44 0.4% 4,606 74 2.2% 1,176 77 0.6% 855 67 1,328 66 592 27 11,912 11 0.9% 1,231 53 0.4% 69,797 22 9.4% 19,683 20 2.5% 36,195 25 5.9% 8,500 4 3,934 41 1.0% 554 39 932 55 7,439 62 2.5% 4,590 57 1.7% 1,253 96 0.8%

Weight in Focus 17.0% 5.1% 3.5% 2.0% 2.3% 0.3% 1.8% 0.5% 0.3% 0.5% 0.1% 0.7% 0.3% 8.4% 2.1% 4.9% 0.2% 0.9% 0.1% 0.3% 2.5% 1.4% 0.6%

2015 (a) 32.8 27.7 63.8 84.4 20.4 8.4 32.3 n/a 29.9 16.7 8.2 31.5 33.3 n/a 7.6 n/a n/a n/a 73.4 9.8 22.8 25.7 37.8

PER (x) 2016 (e) 18.8 25.7 54.8 91.3 7.1 9.5 14.8 3.7 28.3 16.5 10.6 15.4 14.2 10.2 6.6 n/a 163.6 1.1 69.9 8.2 23.8 25.5 36.0

DY (% ) 2017 (e) 2015 (a) 2016 (e) 2017 (e) 20.8 1.2 1.1 1.2 22.4 1.6 1.6 1.6 42.2 46.7 1.1 2.3 2.6 17.8 4.6 0.6 0.9 6.6 3.3 8.4 13.6 14.3 18.5 17.1 22.1 13.3 12.8 12.9 2.0 9.5 0.6 1.7 2.1 6.0 1.7 5.2 6.9 137.4 136.3 1.1 66.5 7.4 7.2 13.7 12.3 6.5 3.1 3.1 9.9 8.0 3.0 3.0 9.6 34.3 -


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