Report Date: Trading Date:

Report Date: May 24, 2018 Trading Date: May 23, 2018 Key Highlights: •

Tadawul All Share Index declined 0.1% to close at 8039 on May 23, 2018

•

Among the Tadawul sector indices, Media Index was the best performer, up 2.6%. Real Estate Index fell the most, by 1.6%

•

Among stocks, Takween reported the most gain, up by 6.2%. Al Alamiya fell the most by 5%, on the other hand

•

NOMU Parallel Market Index declined 1% to close at 3042 during the last trading session

Daily Notes - Saudi Arabia May 24, 2018 Most Active (Value)

ASSET CLASS: EQUITY Indices Index

Most Active Value M.Ca Last p $ Bn Close

% Chg

MTD (%)

YTD (%)

2017 (%)

Value Traded % Chg (SAR Mn) in Price 469.1 -0.5

17.7

P/E (TTM) 19.2

P/B (TTM) 2.1

% YTD

D/Y (%)

P/E P/B (TTM) (TTM)

D/Y (%)

Saudi Basic Indust Corp Alinma Bank

265.4

0.2

7.1

14.0

1.5

3.9 4.2

3.5

Tadawul All Share

514

8039

-0.1

-2.1

11.2

0.2

16.9

1.8

3.2

Dar Al Arkan Real Estate

262.1

1.4

-17.1

14.8

0.7

S&P Saudi Sharia Index

327

1043

0.0

-1.4

11.9

0.4

17.6

2.0

3.4

Bank Aljazira

185.1

2.0

11.8

9.1

0.9

2.3

NOMU Index

0.6

3042

-1.0

-6.4

-3.1

-47.7

19.3

3.0

2.3

Saudi Kayan Petchem

162.2

0.1

31.2

24.2

1.5

NA

10200 1133

-0.8

-2.7

-2.2

34.9

13.9

1.7

2.4

Market Breadth

M.Ca Last p $ Bn (SAR) 95.8 120.0

% Chg -0.5

MTD (%) 4.7

YTD (%) 17.7

P/E (TTM) 19.2

P/B (TTM) 2.1

D/Y (%) 3.5

NOMU (Top 5)

MSCI EM Index

Tadawul (Top 10) Companies Saudi Basic Indust Corp

Index Tadawul All Share Index

Al Aseel

Last (SAR) 62.0

% Chge -0.2

MTD (%) -4.3

Raydan

88.8

14.8

0.7

-12.8

Baazeem

71.5

26.5

0.0

Abo Moati

44.8

10.5

Arab Sea

31.1

11.7

45.8

86.0

1.6

3.9

25.3

16.8

2.7

4.7

Companies

National Comm Bank

37.0

46.2

1.6

-31.3

-16.1

13.6

2.2

2.5

Al Rajhi Banking & Invest

35.9

82.8

-0.6

-1.4

28.1

14.5

2.7

4.8

Saudi Electricity

23.8

21.4

1.2

-6.5

1.9

117.5

1.3

3.3

Saudi Arabian Mining

17.5

56.2

0.2

-1.1

8.3

61.1

2.5

0.0

Almarai

15.9

59.6

-1.3

-0.6

10.9

28.2

4.0

1.3

Samba Financial Group

15.2

28.4

-0.1

-2.1

21.0

11.2

1.3

5.3

Saudi British Bank

12.1

30.1

-1.4

-7.7

11.6

11.4

1.4

4.7

Riyad Bank

12.0

15.0

0.2

-0.2

19.7

11.1

1.2

4.9

Index

M.Ca Last p $ Bn Close

MTD (%)

YTD (%)

2017 (%)

P/E P/B (TTM) (TTM)

D/Y (%)

M.Cap $ Bn NA

Name

2.1

11601

2.6

-17.7

50.0

51.1

228.9

7.8

0.0

Telecommunication

51.0

5264

1.9

4.5

23.8

-15.0

17.0

1.9

3.4

Pharma & Biotech

1.0

4083

1.3

-3.3

2.8

-26.2

24.5

1.2

3.2

Diversified Financials

9.4

3879

1.0

-2.3

-3.7

-19.2

40.9

1.1

5.1

Energy Industry

9.4

4759

0.9

-4.4

11.2

-14.0

16.2

1.5

3.6

Commercial Services

2.2

4485

0.7

-1.9

6.6

-16.6

15.2

4.2

5.7

Utilities

24.4

4614

0.6

-6.3

1.2

-6.2

82.0

1.3

3.4

Food retail

2.1

6150

0.5

-11.7

9.6

11.0

21.1

3.3

3.7

Retailing

7.7

6353

0.3

-1.4

12.8

14.7

18.3

4.7

4.0

153.5

6714

0.1

-0.8

22.0

8.2

13.3

1.8

4.0

Transportation

3.6

4139

0.0

-7.5

3.2

-21.3

19.6

1.7

3.4

KSA Sukuk Ltd 3.63%

Capital Goods

2.5

4200

0.0

-9.4

-3.2

-13.0

16.9

1.2

2.9

Consumer Durables

0.9

4388

-0.2

-0.4

6.0

-10.9

0.0

1.1

1.8

Consumer Services

3.4

3616

-0.2

-6.2

-1.9

-23.7

13.4

1.1

168.6

5690

-0.2

0.8

12.6

1.4

20.0

7.7

4818

-0.4

-4.6

8.4

-11.5

21.8

Insurance

9.7

4282

-0.7

-9.9

-9.3

-3.8

Food & Beverages

24.2

4877

-1.1

-6.5

-0.4

-0.1

Real Estate

24.8

3869

-1.6

-10.5

-17.6

Materials Industry Health Care

-11.4

12.3

1.2

-7.0

-4.3

9.9

1.4

-12.5

-12.4

-17.3

8.3

0.8

-1.8

-10.2

-3.3

NA

0.7

Current Net Previous Net YoY % Profit (SAR mn) Profit (SAR mn) Chng NA NA NA

Type NA

Index Tadwaul REIT Index

M.Cap ($ Bn) 5.4

Last 3998

% Chg 0.2

1013.0

643

1.0

NAREIT

MTD (%) YTD (%) D/Y (%) -0.8 -13.7 2.6 1.3

-5.8

4.2

ASSET CLASS: FIXED INCOME

Top 5 Performance (sorted by daily performance) Size ($ Mn) 4500

Close Price 95.14

Change (%) 0.81

MTD (%) 0.41

YTD (%) -5.14

Saudi Electricity Global 4.00%

1500

99.49

0.56

0.01

-3.55

4.04

KSA Sukuk Ltd 2.89%

4500

96.60

0.49

0.11

-3.63

3.00

3.6

3.3


1000

95.96

0.45

-0.67

-1.29

5.31

13.7

1.8

3.0


690

101.17

0.45

-0.27

0.79

5.46

13.7

2.9

2.8

13.9

2.3

0.7

25.7

2.6

1.0

-6.4

29.5

1.5

2.0

MTD (%) 16.4

YTD (%) 12.7

P/E (TTM) NA

P/B (TTM) 1.5

D/Y (%) NA

Last (SAR) 11.4

% Gain 1 Day 6.2

Basic Chemical Ind

25.2

4.1

4.4

18.8

12.9

1.4

4.0

Saudi Steel Pipes Co SJSC

20.0

3.5

-6.0

24.4

292.4

1.4

0.0

Al Hassan Ghazi Ibrahim

11.1

3.4

0.6

-5.4

NA

0.8

6.8

Etihad Etisalat

19.6

3.1

14.1

32.2

NA

1.1

NA

Last (SAR) 30.6

% Loss 1 Day -5.0

MTD (%) -4.6

YTD (%) 26.2

P/E (TTM) 31.6

P/B (TTM) 3.3

D/Y (%) 0.0

Dallah Healthcare

95.2

-3.8

-6.6

-5.8

20.9

3.2

2.6

Jabal Omar Development

40.9

-3.5

-16.0

-30.8

NA

4.0

NA

Arabian Shield Coop Insur

26.2

-2.8

-39.3

-37.5

5.5

1.9

0.0

Al Andalus Property

22.9

-2.5

-4.2

10.8

13.5

1.3

8.7

Takween Advanced Ind

P/B (TTM) 1.7

Index performance

Name

Current Durati Yield on 3.82 7.5 5.2

SAIBOR Yield Curve 2.831

Current 2017 End

Top Gainers Companies

-1.1

P/E (TTM) 8.2

YTD (%)

ASSET CLASS: REAL ESTATE

Media

Banks

Unchanged 6

Corporate Earnings NA

% Chg

Losers 99

M.Cap $ mn 248.0

Saudi Telecom

Tadawul Indices (sorted by daily performance)

Gainers 80

2.611 2.430

2.108 2.285 2.087 1.896 1.691

Top Losers Companies Al Alamiya for Coo Insur

Volume & Value Index

Volume (Mn)

% Change

Value (SAR Mn)

137.5

-0.1

3053.9

0.2

-1.0

2.7

Tadawul All Share Index Parallel Market Index (NOMU)

Most Active (Volume) Most Active Volume Dar Al Arkan Real Estate

1- M

3-M

6-M

1- Yr

5-Year CDS (USD) Watch (bps) Country Saudi Arabia

Current 90.68

2017 91.87

% YTD -1.3

ASSET CLASS: COMMODITY Name ICE Brent (Spot Prices $/bl) Gold (Spot prices $/Oz)

Last 79.7

% Chg 0.3

MTD (%) 7.1

YTD (%) 19.2

2017 % 17.7

1295.7

0.4

-1.4

-0.5

13.5

News to watch

Volume Traded (Mn) 22.0

% Chg in YTD (%) Price 1.4 -17.1

P/E (TTM) 14.8

P/B (TTM) 0.7

D/Y (%) 4.2

Bank Aljazira

13.1

2.0

11.8

9.1

0.9

Alinma Bank

13.0

0.2

7.1

14.0

1.5

2.3 3.9

Saudi Kayan Petchem

11.5

0.1

31.2

24.2

1.5

NA

Takween Advanced Ind

5.6

6.2

12.7

NA

1.5

NA

1. Shaker Group signed MoU with Signify, formerly Philips Lighting, to explore energy efficiency opportunities in KSA. 2. Saudi Arabia has been ranked 39th in IMD World Competitiveness Yearbook, with improvement in several indicators such as public finance. 3. SASCO approves 11% capital hike to SAR 600 mn, 5% cash dividend for FY17. 4. Sadara Chemical Company signed a supply agreement with Harcros-ARA for its upcoming chemical facility in Jubail Industrial City II.

Source: Tadawul, Reuters Eikon, Bloomberg Note: NM – Not meaningful (e.g. negative PE ratio); NA – Not available; Data as of May 23, 2018 Disclaimer: “The Daily Note – Saudi Arabia” has been prepared and issued by MEFIC Capital a CMA, Saudi Arabia regulated entity. This Report is intended to be circulated for general information only. The information and statistical data herein have been obtained from sources we believe to be reliable but in no way are warranted by us as to its accuracy or completeness. For further information, please contact at Email: [email protected]