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Among stocks, Saudi Paper gained the most, by 9.9%. Arriyadh Development fell ... Daily Notes - Saudi Arabia. April 18,
Report Date: April 18, 2018 Trading Date: April 17, 2018 Key Highlights: •

Tadawul All Share Index rose 0.6% to close at 8096 on April 17, 2018



Among the Tadawul sector indices, Utilities Index was the best performer, up 1.3%. Commercial Services Index fell the most, by 1%



Among stocks, Saudi Paper gained the most, by 9.9%. Arriyadh Development fell the most by 4%, on the other hand



NOMU Parallel Market Index moved up marginally by 0.1% to close at 3173 during the last trading session

Daily Notes - Saudi Arabia April 18, 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 724.4 -0.4

8.7

P/E (TTM) 15.4

P/B (TTM) 1.5

% YTD

D/Y (%)

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

D/Y (%)

Alinma Bank Dar Al Arkan Real Estate

696.4

-0.2

-4.5

26.8

0.8

NA 3.4

3.8

Tadawul All Share

515

8096

0.6

2.9

12.0

0.2

16.5

1.8

3.2

Saudi Basic Indust Corp

512.6

2.3

20.5

19.9

2.3

S&P Saudi Sharia Index

330

1058

0.7

3.7

13.5

0.4

18.3

2.0

3.3

Al Rajhi Banking & Invest

266.8

0.9

26.1

14.5

2.4

4.9

NOMU Index

0.6

3174

0.1

7.5

1.1

-47.7

20.2

4.5

2.2

Saudi Kayan Petchem

147.7

0.5

36.0

32.6

1.6

NA

10470 1164

0.1

-0.6

0.5

34.9

15.4

1.8

2.4

Market Breadth

M.Ca Last p $ Bn (SAR) 97.9 122.9

% Chg 2.3

MTD (%) 5.6

YTD (%) 20.5

P/E (TTM) 19.9

P/B (TTM) 2.3

D/Y (%) 3.4

NOMU (Top 5)

MSCI EM Index

Tadawul (Top 10) Companies Saudi Basic Indust Corp

Index Tadawul All Share Index

Al Aseel

Last (SAR) 63.0

% Chge -0.6

MTD (%) 4.1

Raydan

101.8

17.0

0.4

17.8

Baazeem

71.5

26.5

3.9

10.0

Abo Moati

52.0

12.2

-1.1

5.9

Arab Sea

32.5

12.2

-0.3

6.1

45.0

84.2

1.1

1.7

22.8

16.7

2.7

4.7

Companies

Al Rajhi Banking & Invest

35.3

81.5

0.9

8.0

26.1

14.5

2.4

4.9

National Comm Bank

35.2

66.0

0.5

1.4

20.0

13.4

2.1

3.2

Saudi Electricity

23.5

21.0

1.0

1.4

0.0

12.7

1.2

3.3

Saudi Arabian Mining

16.7

53.6

0.5

-2.0

3.4

87.8

2.4

0.0

Almarai

15.5

58.1

0.4

4.9

8.1

27.4

3.9

1.3

Samba Financial Group

14.5

27.2

0.4

1.8

15.8

10.9

1.2

5.5

Saudi British Bank

12.6

31.1

-0.4

-0.9

15.0

11.9

1.4

4.5

Jabal Omar Development

11.9

48.0

-0.4

-5.0

-18.8

NA

4.7

NA

Index

M.Ca Last p $ Bn Close

% Chg

MTD (%)

YTD (%)

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

D/Y (%)

Utilities

24.0

4569

1.3

2.1

0.2

-6.2

13.1

1.3

3.5

Energy Industry

10.4

5196

1.2

5.8

21.4

-14.0

17.4

1.7

0.3

Telecommunication

49.3

4971

0.9

1.8

16.9

-15.0

18.0

1.8

3.6

Transportation

3.8

4424

0.8

2.1

10.3

-21.3

18.7

1.9

2.9

Diversified Financials

9.6

3916

0.8

1.6

-2.8

-19.2

44.4

1.1

5.1

Pharma & Biotech

1.0

4110

0.8

1.8

3.5

-26.2

19.1

1.4

3.2

Materials Industry

Unchanged 1

0.5

P/E (TTM) 8.3

P/B (TTM) 1.7

1.5

14.0

1.4

-4.3

9.9

1.4

-4.1

9.7

0.9

1.0

NA

0.7

YTD (%)

Corporate Earnings Name Arriyadh Development

2017 (%)

Losers 67

M.Cap $ mn 252.0

Saudi Telecom

Tadawul Indices (sorted by daily performance)

Gainers 111

SIECO

M.Cap $ Bn 0.7 0.1

Current Net Previous Net YoY % Profit (SAR mn) Profit (SAR mn) Chng Q1 2018 43.5 43.3 0.6 Type

Q1 2018

12.6

-1.8

800.0

ASSET CLASS: REAL ESTATE Index performance Index Tadwaul REIT Index

M.Cap ($ Bn) 5.4

Last 4065

% Chg 0.4

998.3

634

1.2

NAREIT

MTD (%) YTD (%) D/Y (%) -2.4 -12.2 2.2 0.4

171.5

5781

0.8

2.3

14.4

1.4

20.8

1.9

2.9

Capital Goods

2.7

4452

0.8

5.1

2.6

-13.0

14.4

1.2

2.8

ASSET CLASS: FIXED INCOME

Insurance

11.0

4859

0.7

7.5

2.9

-3.8

13.6

2.6

1.8

Top 5 Performance (sorted by daily performance)

Media

1.9

10213

0.7

5.6

32.0

51.1

169.0

7.0

0.0

Consumer Services

3.6

3846

0.6

0.6

4.4

-23.7

15.0

1.2

3.1

Banks

147.3

6501

0.6

4.3

18.2

8.2

12.5

1.6

4.5

KSA Sukuk Ltd 2.89%

Food & Beverages

24.8

5199

0.5

-0.5

6.2

-0.1

26.1

2.7

0.9

Food retail

2.5

7201

0.4

9.4

28.4

11.0

22.7

3.9

2.3

Consumer Durables

0.9

4253

0.2

9.0

2.7

-10.9

40.0

1.1

Retailing

7.9

6466

-0.2

0.4

14.8

14.7

18.6

Health Care

8.2

5127

-0.4

5.5

15.4

-11.5

Real Estate

26.7

4214

-0.5

-0.8

-10.3

Commercial Services

2.1

4304

-1.0

0.7

2.3

Last (SAR) 9.6

% Gain 1 Day 9.9

MTD (%) 17.0

Al Alamiya for Coo Insur

31.6

9.2

Al Ahsa Devp

11.8

4.1

Saudi Industrial Invest

23.9

4.0

MetLife AIG ANB Coop Insur

12.6

4.0

Last (SAR) 19.4

Zamil Industrial Invest Saudi Arabian Refineries

-7.2

Size ($ Mn) 4500

Close Price 97.10

Change (%) 0.21

MTD (%) -0.32

Dar Al-Arkan Sukuk Co 6.88%

500

99.75

0.13

-0.37

1.21

6.93

3.4

KSA Sukuk Ltd 3.63%

4500

95.99

0.06

-0.27

-4.29

3.78

7.4

1.0

Dar Al-Arkan Sukuk Co 5.75%

450

100.06

0.00

-0.12

1.66

5.75

0.1

4.6

3.7

Dar Al-Arkan Sukuk Co 6.50%

400

102.00

0.00

-0.12

3.04

6.39

1.0

23.2

3.2

2.5

-6.4

38.1

1.6

1.1

-16.6

14.1

4.0

5.9

YTD (%) 12.1

P/E (TTM) NA

P/B (TTM) 1.5

D/Y (%) NA

21.1

30.5

28.2

3.4

0.0

4.4

-2.4

NA

1.2

NA

5.7

24.9

10.7

1.6

2.1

7.0

-17.8

NA

2.5

NA

1.691

% Loss 1 Day -4.0

MTD (%) -2.8

YTD (%) 3.9

P/E (TTM) 12.3

P/B (TTM) 1.3

D/Y (%) 6.7

1- M

25.9

-3.4

1.7

-3.5

14.9

0.9

7.7

44.6

-1.9

8.6

43.0

91.4

1.8

1.1

Zahrat Al Waha

46.1

-1.6

-1.2

-6.5

14.7

3.7

2.2

Batic Invest and Logist

56.3

-1.6

-1.7

-0.4

25.7

3.8

0.4

Name

Saudi Paper Mfg

Top Losers Companies Arriyadh Development

Volume & Value Index

Volume (Mn)

% Change

Value (SAR Mn)

240.3

0.6

5041.5

0.1

0.1

3.1

Tadawul All Share Index Parallel Market Index (NOMU)

Current

Most Active Volume Dar Al Arkan Real Estate

Volume Traded (Mn) 50.6

% Chg in YTD (%) Price -0.2 -4.5

P/E (TTM) 26.8

P/B (TTM) 0.8

D/Y (%) NA

Alinma Bank

34.7

-0.4

8.7

15.4

1.5

3.8

Saudi Arabian Amiantit

11.7

3.3

-0.4

NA

1.0

NA

Saudi Kayan Petchem

10.2

0.5

36.0

32.6

1.6

NA

Saudi Paper Mfg

6.4

9.9

12.1

NA

1.5

NA

Source: Tadawul, Reuters Eikon, Bloomberg

2.728

2017 End

2.510 2.331

2.050

2.285 2.087 1.896

3-M

6-M

1- Yr

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

Current 87.75

2017 91.87

% YTD -4.5

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

Most Active (Volume)

Current Durati Yield on 2.98 3.7

SAIBOR Yield Curve

Top Gainers Companies

YTD (%) -3.14

4.2

Last 71.7

% Chg 0.2

MTD (%) 2.1

YTD (%) 7.2

2017 % 17.7

1344.6

0.0

1.6

3.2

13.5

News to watch 1. Saudi Arabia’s Renewable Energy Project Development Office (REPDO) has received four bids for the country's first 400-megawatt Dumat Al Jandal wind plant in Al-Jouf, as per Bloomberg 2. Saudi Arabia has provided Saudi Binladin Group (SBG) with SAR 11 billion loan as part of its turnaround plan, as per Reuters 3. Saudi Electricity Company has signed a memorandum of understanding with General Electric to leverage digital tools to enhance the reliability, efficiency, and performance of SEC’s Generation Optimization Centre

Note: NM – Not meaningful (e.g. negative PE ratio); NA – Not available; Data as of April 17, 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]