GCC Market Watch - SICO Research

Dec 15, 2015 - DAX. 10,379.3. 2.4. 5.9. NIKKEI. 18,565.9. (1.7). 6.4. MSCI EM. 771.2. (0.3). (19.4). Source: Bloomberg @Dec-15 04:27 PM. Oil Price Trend. 30.
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GCC Market Watch

December 15, 2015

GCC Market Watch

Regional Markets Today Country

Current

%Chg 1D

%Chg YTD

Bahrain (BAX)

1,197.1

(0.8)

(16.1)

Kuwait (KWSE)

5,616.2

0.2

(14.1)

Oman (MSI)

5,365.6

(0.7)

(15.4)

Qatar (DSMI)

9,789.8

0.5

(20.3)

S.Arabia (TASI)

6,771.5

1.3

(18.7)

UAE (DFM)

2,919.6

0.1

(22.6)

UAE (ADSM)

4,014.9

(0.3)

(11.3)

92.0

(0.6)

(20.4)

S&P GCC Source: Bloomberg

Note: S&P GCC index as of previous day

CDS-5years Dubai

Bahrain

Current

247

383

88

87 143

Previous day

246

379

88

87 142

Week ago

224

353

85

82 133

Month ago

202

340

75

77 160

Year ago

240

242

78

88

Regional market wrap-up GCC Markets traded mostly in the green with Tadawul being the top gainer. Tadawul recovered (+1.3%) today as SABIC increased 0.4% and Al Rajhi advanced 1.8%. DFM ended 0.1% higher; Emaar increased 2.1% and Damac advanced 3.3%. ADX decreased 0.3% driven by ADCB falling 3.5% and Taqa declining 2.3%. DSM closed in the green (+0.5%); IQ advanced 1% and QIB increased 0.9%. KWSE closed 0.2% higher with KFH up 3.8% and Al Ahli Bank 1.4% higher. MSM was 0.7% lower led by Bank Muscat declining 0.4% and NBO falling 1.5%. BHB dropped 0.8% as NBB decreased 0.7% and Seef declined 1.9%.

AbuDhabi Qatar KSA

In the news… 

Almarai's Board of directors recommend to an increase in the company's share capital by 33% to SAR 8bn from SAR 6bn. The number of issued shares before the proposed increase in capital is 600mn shares, the number of issued shares after the proposed share capital increase will be 800mn shares. The objective of this proposed share capital increase is to adjust the company's share capital to its assets level, and help support its ambitious investment program announced in May 26th 2015. Source: Company Announcement



Raysut Cement (RCC) signed an agreement with Arabian Industries Company in which the Arabian Industries Company will implement the competency increase project of gas pressure reduction plant at RCC. The project is expected to be completed in May, 2016. Oman Gas Company has been nominated as the Consultant of the Project Services Management. After Project completion the production capacity of cement shall be increased to about 120,000 – 130,000 Tons per annum. The total cost of the project is estimated at about OMR 2.1mn. Source: Company Announcement



Bank Al Jazeera announced that it has taken back its decision to conduct a rights issuance which was approved earlier in the year by the board, due to the current market conditions. Source: Company Announcement

71

Source: Bloomberg as of LTD

International Indices

GCC- Equities

Country

Current

%Chg 1D

%Chg YTD

DJIA

17,368.5

0.6

(2.6)

S&P

2,021.9

0.5

(1.8)

NASDAQ

4,952.2

0.4

4.6

FTSE

5,974.7

1.7

(9.0)

DAX

10,379.3

2.4

5.9

NIKKEI

18,565.9