Closing Bell May 25 2016

THE CLOSING BELL BULLETIN

JAZIRA SECURITIES BROKERAGE

Wednesday, May 25, 2016

Indices EGX30

Close 7,543

EGX70

375

▲0.6%

▼1.0%

EGX100

787

▲0.6%

▼0.5%

EGP mn

% of Market

Trading Activity Total Market

1 Day Change YTD Change ▲0.6% ▲7.7%

1,368

Top Gainers

Closing Price

% Change

Sabaa International Co. for Pharm.

4.51

▲10.0

Medical Packaging Company

1.3

▲6.6

Kafr El Zayat Pesticides

18.12

▲6.2

Alexandria Mineral Oils Co.

31.33

▲5.5

Edita Food Industries S.A.E

36.99

▲4.3

GDRs (as of 15:00 CLT)

US$

% Change

COMIq.L

3.50

▲0.6

ETELq.L

3.01

-

HRHOq.L

1.84

▼0.5

OTMTq.L

0.56

▲3.7

Exchange Rates

Bid

Ask

EGX30

431

32

EGX70

80

6

OTC

4

0

Minapharm Pharmaceuticals

32.58

▼12.1

EGP/ 1S$

8.8575

8.8794

Bonds

0

0

Nozha International Hospital

34.03

▼9.4

EGP/ 1€

9.8717

9.8996

# of Stocks

EGP mn

% of Market

El Orouba Securities Brokerage

0.72

▼6.5

EGP/ 1£

13.0002

13.0376

Advancers

▲64

443

85

Decliners

▼56

28

5

Grand Investment Capital

4.21

▼6.0

EGP/ 1SAR

2.3616

2.3678

40

52

10

Assiut Islamic Trading

5.51

▼5.2

EGP/ 1AED

2.4111

2.4177

Buyers

Sellers

% of Market

EGP mn

% Change

Regional Indices

Close

% Change

309

359

25

CIB

96

▲0.6

Tadawul (KSA)

6,516

▲0.6

1,033

982

75

Hermes

48

▲1.2

Dubai General

3,309

▲1.9

Buyers

Sellers

Net Flow

Global Telecom

43

▲0.7

Abu Dhabi Gen.

4,289

▲1.6

Kuwait General

5,368

▲0.9

OTMT

30

-

Bahrain All share

1,100

▼0.1

Sodic

32

▲1.6

Muscat 30

5,931

▼0.1

Market Breadth

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

1,199

1,232

-33

Arab (EGP mn)

36

49

-13

Foreigners (EGP mn)

108

61

47

EGX30 Intraday Chart

7,580

Top Losers

Closing Price

Top Traded by Value

Insider Trading (Latest available)

Stock

% Change

Type

Volume

Sell

3800

Market Headlines

7,560 7,540

Broad Member

Paints & Chemical Ind.

as compared to the same period in 2015. EIPICO’s net earn-

7,520 7,500

EIPICO reported a growth of 37.6% in profits of 1Q FY16

Bank Manag.

CIB

Sell

2,000

ings increased to EGP123.02 mn (US$13.9 mn) in 1Q FY16, from EGP89.41 mn (US$10.1 mn) in 1Q FY15. The

7,480

standalone profits rose by 40.1% to EGP116.62 mn in 1Q 7,460 10:0010:1510:3010:4511:0011:1511:3011:4512:0012:1512:3012:4513:0013:1513:30

Related Parties

Paints & Chemical Ind.

Sell

1300

FY16, from EGP83.26 mn in 1Q 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 Code .EGX30

Last Price 7,543

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

42.6 35.0 23.0 3.95 9.3 0.42 10.95 10.12 1.30 0.49 0.94 3.54 12.57

UAGS

0.88

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

249.0 7.94 43.3 12.9 22.4 85.1 5.10 24.4 25.0 3.29 3.00 0.95 0.86 53.0 8.40 0.84 1.93 8.36

Close DoD % Price Change ▲0.6 ▲2.2 ▲1.4 42.8 ▲0.3 0.0 0.0 3.91 ▲1.8 0.00 0.42 ▼2.3 10.99 ▲0.8 10.15 ▲3.1 1.31 0.49 0.95 3.58 ▼1.4 12.50 0.89 ▲4.6 ▲2.8 8.00 ▲1.0 43.5 ▼1.7 13.0 ▲0.3 ▲0.6 0.0 ▲0.0 5.10 ▲2.0 24.4 ▲0.6 0.0 0.95 ▲1.1 0.87 ▼2.3 53.4 ▼0.6 8.5 ▼2.4 0.85 ▼1.2 1.96 ▲0.5 8.40 ▼0.5

YTD % Change ▲7.7 ▲18.0 ▲13.0 ▲12.1 ▲16.6 ▲10.0 ▼21.0 ▼6.5 ▼19.2 ▲25.3 ▲35.1 ▼18.2 ▲19.5 ▼4.1 ▼6.6 ▲233 ▲4.8 ▲0.0 ▲72.7 ▼16.6 ▼11.6 ▲17.9 ▼41.1 ▼4.7 ▼0.5 ▲22.6 ▲2.3 ▼31.2 ▼24.2 ▼21.9 ▲9.2 ▲6.2 ▼21.4 ▼15.8 ▲33.3 ▲23.7 ▼12.6

Volume k 114,399 153,144 46,103 2,242 15,261 0 180 0 972 4,383 2,134 15,261 4 5,665 30 11 19,659 1,394 9,700 0 2,463 13 22 0 0 1,016 4 0 1 3 2,840 1,222 59 15 906 1,014 121

Value EGP mn 431 448 195 95.9 0.0 0.0 0.7 0.0 3.6 48.2 21.7 19.9 0.0 5.4 0.0 0.1 72 1.2 37 0.0 19.7 0.6 0.3 0.0 0.0 5.2 0.1 0.0 0.0 0.0 2.7 1.1 3.2 0.1 0.8 2.0 1.0

Yr. Yr. Market Cap % Free Weight High Low (EGP mn) Float in EGX 7,994 5,526 197,157 47 100.0% 304,675 36 168% 99,740 51 50.3% 46.7 28.9 48,865 74 38.6% 37.9 29.0 22,577 3 24.9 18.1 6,601 29 2.1% 5.5 3.6 790 38 10.0 8.0 1,183 26 0.5 0.4 3,778 45 11.5 6.4 6,733 73 5.3% 10.9 6.1 5,735 37 2.3% 1.7 1.2 1,844 86 1.7% 0.5 0.3 1,221 41 1.2 0.8 414 98 0.4% 4.1 2.9 142 44 21.9 2.9 789 39 76,487 49 7.8% 1.10 0.66 176 49 0.1% 39,777 18 1.5% 308 188 3,327 33 10.0 6.1 4,314 33 1.5% 48 28 9,663 36 3.7% 25.5 12.1 2,337 47 27 17 1,680 47 89.5 70.0 2,543 50 5 3 2,460 50 1.3% 25.7 20.9 1,708 58 37 24 500 33 4.5 3.2 263 55 4 3 375 33 1.1 0.7 538 67 0.4% 1 1 426 69 69.4 48.2 6,257 13 0.9% 10.5 7.1 44 76 1.0 0.5 100 64 2.2 1.2 77 74 10.0 6.5 3,166 23 -

Weight in Focus 59.3% 100.0% 42.4% 29.9% 0.5% 1.6% 0.2% 0.3% 1.4% 4.1% 1.7% 1.3% 0.4% 0.3% 0.1% 0.3% 0.1% 0.1% 12.1% 0.9% 1.2% 2.9% 0.9% 0.7% 1.1% 1.0% 0.8% 0.1% 0.1% 0.1% 0.3% 0.2% 0.7% 0.0% 0.1% 0.0% 0.6%

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

2014 (a) 20.3 19.4 22.5 14.9 10.7 10.8 3.1 6.1 7.4 13.2 12.4 n/a 16.7 10.3 163.2 75.6 n/a n/a 14.0 n/a n/a 21.7 5.2 7.5 9.5 16.3 18.3 7.6 2.9 7.0 4.7 11.2 6.4 n/a 60.4 8.5

PER (x) 2015 (e) 12.4 11.8 9.5 11.6 7.9 7.0 3.7 5.2 8.7 15.4 7.1 n/a 16.2 12.9 103.6 65.6 n/a n/a 13.1 n/a n/a 14.5 5.9 9.3 10.1 17.1 22.8 12.2 3.9 9.7 2.5 11.8 182.8 15.2 7.8 59.2 9.4

2016 (e) 9.3 9.4 7.9 9.0 6.0 5.1 4.1 4.2 9.7 14.6 6.0 n/a 4.9 13.5 94.2 46.9 n/a n/a 9.2 n/a n/a 10.3 6.3 9.8 9.6 17.5 24.0 11.6 3.7 6.7 1.3 11.3 132.5 30.3 7.7 58.0 9.0

DY (% ) 2014 (a) 2015 (e) 2016 (e) 1.6 1.8 2.8 3.7 3.1 3.8 2.6 3.5 4.4 2.6 3.2 4.4 0.8 1.0 3.4 7.8 9.2 13.1 5.4 8.7 5.4 2.8 6.0 2.9 2.6 2.6 2.9 18.1 12.0 14.1 10.9 6.3 6.9 4.2 4.7 20.6 16.7 16.1 13.4 6.8 4.8 6.8 6.0 6.8 4.1 4.1 4.3 14.0 4.0 6.5 7.6 11.4 9.2 13.7 1.7 7.5 4.5 1.9 5.8 5.8 18.7 35.0 14.2 3.4 6.3 3.5 4.9

Daily Price Sheet continued next page... 2




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

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

Reuters Code

Last Price

AUTO

2.35

ABUK EFIC JUFO SUGR NCMP EFID EAST

112.0 7.55 6.90 9.1 12.80 37.0 181.5

UEFM WCDF EDFM MILS CEFM SCFM AFMC

66.0 46.7 46.3 12.9 11.4 9.90 17.1

SKPC AMOC MOIL EGAS

11.6 31.0 0.26 36.5

PHAR BIOC MIPH CPCI NIPH MPCI

73.6 9.3 32.6 18.0 9.05 12.72

Close DoD % Price Change ▲0.9 2.35 ▲0.9 ▲0.6 112.8 ▲3.5 7.55 ▼1.2 6.91 ▼3.8 0.0 37.0 ▲4.3 181.4 ▲0.8 ▼0.6 ▼2.7 46.7 ▲0.1 46.3 ▲0.7 0.0 ▲0.7 11.5 ▼0.3 0.0 ▲0.3 11.7 ▼0.5 31.3 ▲4.4 0.26 ▼3.7 36.7 ▼4.2 ▲0.4 71.1 ▲0.8 0.0 32.6 ▼12.1 18.0 ▼0.8 9.05 ▲0.8 0.00 -

YTD % Change ▼31.5 ▼31.5 ▼10.8 ▼20.7 ▲7.1 ▼13.8 ▼7.1 ▼22.0 ▲15.6 ▲3.7 ▲8.2 ▲10.0 ▲13.3 ▲19.9 ▼8.0 ▼2.6 ▼5.7 ▲9.7 ▲5.8 ▲2.4 ▲23.0 ▼13.3 ▲16.9 ▲3.0 ▲3.0 ▼6.9 ▲8.6 ▲10.8 ▼4.3 ▲41.3

Volume k 960 960 184 0 5 11 0 0 166 1 11 0 1 1 1 7 1 0 301 164 126 10 1 1,884 7 0 1,873 2 2 0

Value EGP mn 2 2.3 6 0.1 0.0 0.1 0.0 0.0 6.1 0.2 0 0.0 0.0 0.1 0.0 0.1 0.0 0.0 6 1.9 4.0 0.0 0.1 5 0.5 0.0 4.1 0.0 0.0 0.0

Yr. High

Yr. Market Cap % Free Weight Low (EGP mn) Float in EGX 2,571 55 1.5% 3.6 2.2 2,571 55 1.5% 40,603 39 8.5% 143 103 9,422 30 8.4 5.6 523 55 8 6 6,496 49 3.4% 9.9 8.4 1,290 38 17 13 378 57 40.0 26.2 13,419 9 1.3% 200.2 142.6 9,075 39 3.8% 1,592 0 69 56 462 48 48.0 37.0 350 38 47 35 278 45 14.2 11.9 138 43 13 10 168 33 10.6 8.8 59 29 18 13 137 17 10,148 43 13.2 10.0 6,106 49 30.4 21.3 2,669 39 0.3 0.2 935 34 39.0 26.1 438 20 7,396 0 75.0 55.8 5,839 56 11.0 9.1 778 8 37.6 25.7 401 19 18.9 13.9 215 28 9.5 7.7 92 29 14.4 9.0 72 25 -

Weight in Focus 1.2% 1.2% 8.9% 2.4% 0.2% 2.6% 0.4% 0.2% 1.0% 3.0% 0.5% 0.2% 0.1% 0.1% 0.0% 0.0% 0.0% 0.0% 3.7% 2.5% 0.9% 0.3% 0.1% 3.0% 2.7% 0.1% 0.1% 0.0% 0.0% 0.0%


2014 (a) 10.9 10.9 8.2 6.7 6.9 8.7 7.4 5.4 0.0 11.5 7.8 10.4 9.8 18.0 4.0 4.5 6.6 4.9 5.9 6.9 3.7 9.7 193.5 16.5 20.2 13.5 8.9 6.5 7.8 5.7

PER (x) 2015 (e) 13.4 13.4 8.8 10.4 7.1 6.8 47.8 7.9 36.2 9.0 7.9 6.8 6.7 24.6 7.2 8.1 19.6 5.0 7.7 8.1 7.8 4.2 203.7 14.8 16.8 18.7 5.0 7.9 7.5 n/a

2016 (e) 12.8 12.8 8.6 10.7 7.7 6.8 79.7 5.6 27.4 8.1 7.8 6.5 7.3 23.9 6.9 7.8 18.6 4.7 8.2 9.0 8.7 3.8 214.4 13.2 14.6 19.7 4.3 7.5 7.4 n/a

DY (% ) 2014 (a) 2015 (e) 2016 (e) 7.0 6.8 6.4 11.6 11.9 8.8 8.5 4.6 4.8 1.4 2.2 3.7 17.4 11.8 16.7 4.7 5.5 5.5 11.7 16.0 13.8 16.2 18.3 21.5 10.2 21.9 13.0 10.4 13.7 5.4 23.3 12.4 14.1 7.9 10.5 5.3 21.0 13.6 9.7 7.3 9.9 18.8 17.6 9.3 8.5 19.4 10.7 9.8 21.5 10.1 9.3 6.2 12.0 13.2 5.5 0.3 0.3 5.1 5.0 6.1 4.5 4.9 5.9 5.4 5.2 5.0 6.5 6.0 10.9 7.0 7.0 7.5 8.1 8.1 9.1 -

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* Mobinil Orascom Technology, Media and Telecom* Egyptian Media Production City Raya Holding Textile & Related Oriental Weavers* Arab Cotton Ginning* Arafa Holding (USD) Alexandria Spinning & Weaving Arab Polvara Spinning & Weaving Co.

Reuters Last Code Price TMGH MNHD HELI PHDC AMER OCDI EGTS UNIT ELKA RTVC EMFD PORT

6.0 19.9 47.5 2.5 0.34 11.0 0.84 10.1 11.0 1.6 2.4 0.3

ETEL GTHE EMOB OTMT MPRC RAYA

8.4 3.1 129.0 0.74 3.4 4.2

ORWE ACGC AIVC SPIN APSW

6.2 2.8 0.13 0.90 2.1

Close DoD % Price Change ▲0.0 6.1 ▲0.5 20.0 47.6 ▼0.6 2.5 ▲0.4 0.35 ▼2.9 11.1 ▲0.5 0.85 ▼1.2 10.1 ▼0.8 0.0 1.7 ▼0.6 2.4 0.3 ▼3.3 ▲0.6 8.3 ▲2.1 0.90 ▼0.3 126.9 ▲0.3 0.74 3.4 ▲3.6 4.2 ▼1.7 ▲37.1 6.2 ▲0.2 2.8 ▼0.4 0.13 0.90 ▼2.2 2.1 ▼0.5

YTD % Change ▼7.9 ▼5.6 ▼27.6 ▼3.7 ▲3.3 ▼24.4 ▲17.1 ▲5.5 ▼2.7 ▲10.1 ▼12.1 ▼29.3 ▲34.6 ▲30.1 ▲50.7 ▲34.4 ▲5.7 ▲36.4 ▼1.7 ▲16.5 ▼20.9 ▼4.8 ▼13.3 ▼5.3 ▼13.0

Volume k 34,463 2,022 772 58 7,035 11,743 2,006 2,307 4 0 82 8,434 20,509 56,751 1,795 13,866 2 40,631 450 8 2,788 538 1,614 275 14 152

Value EGP mn 97 12.3 15.4 2.8 17.7 4.1 22.3 2.0 0.0 0.0 0.1 20.4 6.1 90 15.0 43.3 0.3 30.1 1.5 0.0 9 3.3 4.5 0.3 0.0 0.3

Yr. High 7.0 28.5 56.3 3.0 0.5 12.5 1.0 11.1 12.0 1.8 2.8 0.4 9.0 3.3 143.0 0.8 3.7 4.5 8.8 3.4 0.2 1.0 2.8

Yr. Market Cap % Free Weight Low (EGP mn) Float in EGX 47,929 43 19.0% 4.4 12,464 50 6.7% 16.9 4,963 60 3.2% 37.3 5,285 28 1.6% 1.8 5,474 56 3.3% 0.3 1,550 39 0.6% 6.6 3,731 74 3.0% 0.6 882 77 0.7% 7.7 1,102 68 9.7 989 66 1.2 404 27 1.9 11,086 11 1.3% 0.3 1,322 39 0.5% 48,312 20 9.1% 5.5 14,254 20 3.0% 1.5 16,209 25 4.4% 81.8 12,900 4 0.5 3,882 41 1.7% 2.1 647 39 3.4 421 55 6,605 61 3.6% 5.6 4,590 58 2.9% 2.3 731 94 0.7% 0.1 537 46 0.8 268 46 2.0 195 63 -

Weight in Focus 17.0% 5.2% 2.5% 1.2% 2.5% 0.5% 2.3% 0.6% 0.6% 0.5% 0.1% 1.0% 0.4% 7.9% 2.3% 3.4% 0.4% 1.3% 0.2% 0.2% 3.3% 2.2% 0.6% 0.2% 0.1% 0.1%

2014 (a) 26.0 18.5 28.4 33.5 14.7 8.9 26.2 n/a 38.5 12.4 5.6 n/a 6.9 n/a 7.0 n/a n/a 10.8 62.5 9.4 17.7 7.6 65.8 4.9 n/a n/a

PER (x) 2015 (e) 13.2 12.6 24.4 30.1 8.1 10.0 12.0 n/a 36.5 12.3 5.3 11.5 35.7 22.0 6.4 n/a n/a 15.5 27.3 7.5 15.1 5.8 59.8 4.5 n/a n/a

DY (% ) 2016 (e) 2014 (a) 2015 (e) 2016 (e) 10.0 1.4 1.1 2.3 7.6 2.4 2.6 5.8 21.2 15.0 2.0 2.8 4.9 7.8 7.0 15.0 3.1 7.9 10.9 n/a 34.7 10.7 5.2 9.5 9.9 6.9 14.8 4.9 0.9 2.3 5.5 16.2 2.4 7.2 61.5 248.2 14.7 16.8 3.1 1.7 6.3 6.0 13.8 19.6 15.2 3.5 4.2 4.3 5.9 8.2 9.8 10.2 57.0 3.3 4.3 n/a n/a -


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• • • •

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