Market update (25 08-2015)

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1. Daily Market Update Closing Change% P/E Saudi Market Overview DJIA 15,871.35 -3.57% 15.21 -10.95% TASI Closing 7024.6 -438.72 -5.88% S&P 500 1,893.21 -3.94% 18.44…
  • 1. Daily Market Update Closing Change% P/E Saudi Market Overview DJIA 15,871.35 -3.57% 15.21 -10.95% TASI Closing 7024.6 -438.72 -5.88% S&P 500 1,893.21 -3.94% 18.44 -8.05% S&P Shariah Index 881.0 -50.9 -5.46% NASDAQ 4,526.25 -3.82% 18.24 -4.43% P/E 12.90 TASI Avg 52W 9397.9 P/B 1.68 Turnover Avg 52W 7.16 Closing Change% P/E Div Yld 4.27% Market Cap 1,573B FTSE 100 5,898.87 -4.67% 14.93 -10.16% Turnover Movements - in Billions CAC 40 4,383.46 -5.35% 16.67 2.59% 24-Aug 23-Aug 20-Aug 19-Aug 18-Aug 17-Aug 5-day Avg DAX 9,648.43 -4.70% 14.84 -1.60% 7.23 6.06 6.3 4.9 4.94 3.95 5.56 Closing Change% P/E Nikkei 225 18,540.68 -4.61% 18.40 6.25% Hang Seng 21,251.57 -5.17% 9.72 -9.97% Shanghai SE 3,209.91 -8.49% 15.07 -0.77% Closing Change% P/E Weight* Closing Change% P/E Al Rajhi 52.97 -5.56% 13.09 8.0% TASI 7,024.60 -5.88% 12.90 -15.70% SABIC 71.79 -7.24% 10.51 6.7% Bahrain 1,304.51 -0.80% 8.72 -8.56% NCB 49.15 -7.79% 11.33 5.3% Abu Dhabi 4,264.80 -0.51% 10.02 -5.83% Jabal Omar 50.50 -9.84% 70.05 4.6% Dubai 3,401.62 -1.44% 9.53 -9.87% SAMBA 22.72 -6.54% 8.89 3.1% Qatar 10,572.50 -1.65% 10.75 -13.95% *Weight in TASIas of 02/07/2015 MSM 5,736.02 -2.96% 9.70 -9.57% Kuwait SE 5,815.60 -1.59% - -11.02% Company Change% P/E Company Change% P/E EUR/USD 1.16 USD/JPY 118.39 USD/CAD 1.33 Kingdom 4.74% 77.49 Extra -10.00% 24.35 GBP/USD 1.58 USD/CHF 0.93 AUD/USD 0.72 H B 4.28% 20.56 Tawuniya -9.99% 11.85 Mubarrad 2.71% 19.66 ALLIANZSF -9.97% 20.98 Commodities Overview SACO 2.15% 4.93 Tihama -9.91% NA* BJAZ 1.13% 6.78 Anaam Holding -9.90% NA* Last Price Change% YTD% Avg. 2015 *NA :Either Negative or Too High Crude Oil $42.69 -6.09% -25.54% $57.93 Market Summary Gold $1,153.40 -0.53% -2.58% $1,185.53 Silver $14.76 -3.52% -5.16% $16.17 Copper $2.27 -1.65% -20.06% $2.65 Sources : Reuters , Tadawul . Market Movers Top Gainers Top Losers GCC YTD Currencies US YTD EUROPE YTD ASIA YTD 80 88 96 104 112 120 12/14 2/15 3/15 4/15 5/15 6/15 7/15 8/15 45 50 55 60 65 70 12/14 2/15 3/15 4/15 5/15 6/15 7/15 8/15 8/14 9/14 10/14 11/14 12/14 1/15 2/15 3/15 4/15 5/15 6/15 7/15 8/15 Turnover 52W  TASI ended the day down by 5.88% and all the sectors were down.  This was the lowest close for the index in 30 months.  Insurance sector faced the highest decline by 7.99%, followed by Real Estate Development sector by 7.82%. Market Top Stories:  Bupa Arabia for Cooperative Insurance announces the recommendation of its Board of Directors to increase the company's capital through bonus shares.  Append Announcement From Rabigh Refining and Petrochemical Company (Petro Rabigh) Regarding The Recommendation Of The Board of Directors To Increase the Companys Capital through Rights Issue.
  • 2. Daily Market Update  ASIA China stocks extend biggest plunge since 1996 on support doubts - Chinese shares sank, extending the steepest four-day rout since 1996, on concern the government is paring back market support. - China’s economic growth slowed to 6.6 percent in July, according to Bloomberg’s monthly GDP tracker.  GCC Moody’s expects Saudi to issue total SAR 115 bln bonds by 2015-end - Moody’s said that Saudi Arabia is expected to issue bonds on monthly basis throughout this year, bringing to SAR 115 billion the total bond issuances forecast this year, as the government seeks to ease a budget squeeze amid high spending and falling oil prices. - For now the government can afford to borrow as record oil prices in the past decade has enabled the kingdom, the world’s largest oil exporter, to build sizable reserves and large fiscal surpluses to cushion the impact of lower oil prices. By the end of 2014, government debt was 1.6 percent of GDP, down from over 100 percent in 1999. WORLDWIDE TOP STORIES
  • 3. Important Information The authors of this document hereby certify that the views expressed in this document accurately reflect their personal views regarding the securities and companies that are the subject of this document. The authors also certify that neither they nor their respective spouses or dependents (if relevant) hold a beneficial interest in the securities that are the subject of this document. Funds managed by Maceen Capital and its subsidiaries for third parties may own the securities that are the subject of this document. Maceen Capital or its subsidiaries may own securities in one or more of the aforementioned companies, or funds or in funds managed by third parties The authors of this document may own securities in funds open to the public that invest in the securities mentioned in this document as part of a diversified portfolio over which they have no discretion. The Investment Banking division of Maceen Capital may be in the process of soliciting or executing fee earning mandates for companies that are either the subject of this document or are mentioned in this document. This document is issued to the person to whom Maceen Capital has issued it. This document is intended for general information purposes only, and may not be reproduced or redistributed to any other person. This document is not intended as an offer or solicitation with respect to the purchase or sale of any security. This document is not intended to take into account any investment suitability needs of the recipient. In particular, this document is not customized to the specific investment objectives, financial situation, risk appetite or other needs of any person who may receive this document. Maceen Capital strongly advises every potential investor to seek professional legal, accounting and financial guidance when determining whether an investment in a security is appropriate to his or her needs. Any investment recommendations contained in this document take into account both risk and expected return. Information and opinions contained in this document have been compiled or arrived at by Maceen Capital from sources believed to be reliable, but Maceen Capital has not independently verified the contents of this document and such information may be condensed or incomplete. Accordingly, no representation or warranty, express or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of the information and opinions contained in this document. To the maximum extent permitted by applicable law and regulation, Maceen Capital shall not be liable for any loss that may arise from the use of this document or its contents or otherwise arising in connection therewith. Any financial projections, fair value estimates and statements regarding future prospects contained in this document may not be realized. All opinions and estimates included in this document constitute Maceen Capital’s judgment as of the date of production of this document, and are subject to change without notice. Past performance of any investment is not indicative of future results. The value of securities, the income from them, the prices and currencies of securities, can go down as well as up. An investor may get back less than he or she originally invested. Additionally, fees may apply on investments in securities. Changes in currency rates may have an adverse effect on the value, price or income of a security. No part of this document may be reproduced without the written permission of Maceen Capital. Neither this document nor any copy hereof may be distributed in any jurisdiction outside the Kingdom of Saudi Arabia where its distribution may be restricted by law. Persons who receive this document should make themselves aware, of and adhere to, any such restrictions. By accepting this document, the recipient agrees to be bound by the foregoing limitations. Maceen Capital is authorized by the Capital Market Authority of the Kingdom of Saudi Arabia to carry out dealing, as principal and agent, and underwriting, managing, arranging, advising and custody, with respect to securities under CR No. 1010268769. The registered office of which is at Al Olaya street in Riyadh, P.O. Box 250040, Riyadh 11391, Kingdom of Saudi Arabia. For Enquires, Kindly Contact the Following: Capital Markets Department Thamer Al-Saeed Head of Capital Markets +966 11 2837946 +966 11 4654565 @maceencapital Maceen Capital
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