KAMCO Research

Kuwait Market Daily Report

December 31, 2015

Sector Weight by Market Cap

Financial Services
Technology
9%
0.2%

Real Estate
9%

Market Cap.

Kuwaiti Stock Exchange

Oil & Gas

1%

(0.0%)

(2.7%)

(11.9%)

0.0%

3.9%

(32.7%)

583.6

1.3%

(3.0%)

(10.1%)

Industrials

2,379.6

0.4%

(3.1%)

(12.8%)

Consumer Goods

1,235.9

(0.6%)

(8.0%)

1.5%

182.1

0.2%

(3.2%)

(0.9%)

727.9

(0.0%)

(2.1%)

(6.4%)

2,586.2

(0.7%)

(3.0%)

(22.7%)

13,115.5

(0.0%)

(2.9%)

(10.1%)

390.0

2.1%

6.6%

9.3%

Real Estate

2,313.1

(0.2%)

(0.7%)

(3.3%)

Financial Services

2,332.4

(0.1%)

(2.6%)

(22.6%)

49.7

(0.1%)

(5.3%)

(11.7%)

Consumer Services
Telecommunications

Telecom
10%

Banks

Health Care
0.7%

Consumer
Services
3%

Insurance

Technology

Top 10 Companies by Market Capitalization

42

Market Breadth
Market Cap.

P/E

ROE*

(Mn KWD)

(X)

(%)

1- National Bank of Kuwait

4,031.8

14.1

10.6%

2- Kuwait Finance House

2,573.1

18.1

3- Zain

1,512.5

4- Ahli United Bank - Bahrain

Benchmark Return

KSE Price Index

Chg

% Chg

% Chg

% Chg

2.6

0.0%

(3.2%)

(14.1%)

(0.0%)

(2.9%)

(13.0%)

8.2%

Kuwait 15 Index

900.43

(1.9)

(0.2%)

(3.1%)

(15.0%)

10.0

9.5%

Market Cap (KWD Mn)

26,159

(9.2)

(0.0%)

(2.7%)

(11.9%)

1,311.1

8.7

14.6%

907.8

27.4

10.8%

16.6

10.7%

17.6

13.4%

8- Kuwait Food Co. (Americana)

804.0

17.7

13.0%

9- Mabanee Co.

798.6

16.5

16.8%

10- Gulf Bank

792.5

20.6

7.3%

14.50

10.6%

480
460

400

450
440

300

430
420

200

410
400

100

390

*: ROE is calculated based on TTM 9M-2015 net profit & shareholders' equity as of 30-Sep-15

0.005

6.8%

Safwan Trading & Contracting Co.

0.320

0.020

6.7%

Gulf Cement Co.

0.080

0.005

6.7%

Umm Al-Qaiwain Cement Industries Co.

0.080

0.005

6.7%

Percent

(KWD)

(KWD)

Change

0.056

(0.005)

(8.2%)

International Financial Advisers

0.029

(0.003)

(7.9%)

MENA Real Estate Co.

0.023

(0.002)

(6.1%)

Ajial Real Estate & Entertainment Co.

0.156

(0.010)

(6.0%)

The Energy House Co.

0.041

(0.003)

(5.8%)

Market Trading Data and Volatility

Trading Indicators

Volume (Shrs Mn)

Value Traded (KWD Mn)

Change

Dec-15

0.079

Nov-15

8.2%

Metal & Recyling Industries Co.

Oct-15

0.040

Sep-15

0.530

Aug-15

Change

Al Ahleia Insurance Co.

Jun-15

Percent

(KWD)

Apr-15

Change

Mar-15

Close
(KWD)

Feb-15

370

Jan-15

380

Top Movers and Most Active Stocks

Close

500

470

Dec-14

14,421

Index Performance relative to Volume

Volume traded (shr. mil.)

854.7

Al Massaleh Real Estate Co.

YTD

Value

(0.1)

834.7

Today's Top % Losers

MTD

381.70

7- Ahli United Bank - Kuwait

Today's Top % Gainers

DTD

5,615.12

6- Kuwait Projects Co.

Total

101

DTD

KSE Weighted Index

KSE Weighted Index

5- Boubyan Bank

47

Closing

May-15

Company Name

YTD
% Chg

Health Care

Consumer Goods
5%

MTD
% Chg

263.4

Basic Materials

Industrials
9%

DTD
% Chg

26,159.4

Oil & Gas

Basic Materials
2%

Banks
50%

DTD

(KWD Mn)

Jul-15

Insurance
1%

Market Capitalization - Sectors' Return

No. of Trades

Average Daily

Today's

DTD

DTD

Value

Chg

% Chg

78.7

(104.1)

(57.0%)

166.8

8.6

(7.0)

(45.0%)

15.9

25.1

2,108

(922.0)

(30.4%)

3,862

4,908

Market Volatility**

YTD 2015

YTD 2014

218.4

Volatility Since January:

2015

2014

2013

2012

2011

KSE Price Index

8.1%

9.4%

10.3%

9.8%

9.6%

KSE Weighted Index

9.0%

9.8%

9.1%

8.8%

9.8%

Close

Change

Value

(KWD)

(KWD)

(KWD)

**: Annualized Standard Deviation of Daily Returns

Close

Change

Volume

(KWD)

(KWD)

(Shares)

Gulf Finance House

0.038

(0.001)

11,340,186

Burgan Bank

0.385

0.010

2,085,956

ALSAFAT Energy Holding Co.

0.012

(0.001)

6,347,058

Boubyan Bank

0.440

0.000

780,807

International Financial Advisers

0.029

(0.003)

5,645,250

Agility

0.480

(0.005)

506,572

Burgan Bank

0.385

0.010

5,476,200

Gulf Finance House

0.038

(0.001)

440,481

Manazel Holding Co.

0.023

0.000

5,198,040

National Bank of Kuwait

0.800

0.010

427,395

Today's Most Active by Volume

Source: KAMCO Research

Today's Most Active by Value

KAMCO Research
KUWAIT 15 INDEX Data

Thursday, December 31, 2015

Closing Price

Market Capitalization

Valuation Multiples

KWD

DTD
Chg.
(KWD)

D-T-D
Return

National Bank of Kuwait

0.800

0.010

1.27%

4,032

25.1%

15.4%

14.1

Kuwait Finance House

0.540

(0.010)

(1.82%)

2,573

16.0%

9.8%

Zain

0.350

(0.005)

(1.41%)

1,513

9.4%

Kuwait 15 Index Constituents

KWD Mn

Weight in
Kuwait 15

YTD-15 Trading Indicators

Yield

Beta

ROE

YTD-15
Price
Return

1.49

3.5%

1.31

10.6%

(4.5%)

368.8

311.2

18.1

1.48

2.5%

1.34

8.2%

(15.4%)

395.6

257.1

5.8%

10.0

0.95

10.3%

1.49

9.5%

(27.2%)

563.5

254.9

Weight in
P/E (X) P/BV (X)
KSE

Turnover
(Mn Shrs)

Value
(KWD Mn)

Boubyan Bank

0.440

0.000

0.00%

908

5.6%

3.5%

27.4

2.95

0.0%

1.19

10.8%

13.9%

178.1

77.0

Kuwait Projects Co. (Holding)

0.580

0.000

0.00%

855

5.3%

3.3%

16.6

1.77

4.0%

1.31

10.7%

(17.1%)

167.3

107.0

0.260

(0.005)

(1.89%)

793

4.9%

3.0%

20.6

1.50

0.0%

0.75

7.3%

(5.9%)

117.3

32.8

0.940

0.000

0.00%

799

5.0%

3.1%

16.5

2.76

1.4%

1.27

16.8%

14.2%

76.1

72.4

Kuwait Food Co. (Americana)

2.000

(0.020)

(0.99%)

804

5.0%

3.1%

17.7

2.29

4.4%

0.76

13.0%

(25.4%)

17.6

44.2

Burgan Bank

0.385

0.010

2.67%

789

4.9%

3.0%

10.9

1.23

3.7%

1.13

11.2%

(12.7%)

163.1

70.0

Commercial Bank of Kuwait

0.500

(0.010)

(1.96%)

706

4.4%

2.7%

14.4

1.28

3.6%

0.67

8.9%

(17.8%)

64.9

36.9

Ahli Bank of Kuwait

0.375

0.005

1.35%

607

3.8%

2.3%

15.4

1.09

3.5%

0.60

7.1%

(5.4%)

49.6

17.5

Agility (PWC Logistics)

0.480

(0.005)

(1.03%)

582

3.6%

2.2%

11.0

0.65

6.6%

1.69

5.9%

(27.4%)

248.8

162.3

Kuwait Telecommunication Co.

0.990

(0.010)

(1.00%)

494

3.1%

1.9%

11.3

5.97

0.0%

NA

53.1%

52.3%

387.3

323.2

Mezzan Holding Co.

1.160

0.000

0.00%

344

2.1%

1.3%

17.9

3.65

2.5%

NA

20.4%

18.4%

72.4

75.9

Boubyan Petrochemicals

0.530

0.010

1.92%

283

1.8%

1.1%

9.0

1.06

7.0%

1.18

11.8%

(8.4%)

33.0

19.0

(1.87)

-0.21%

16,081

100%

61%

14.6

1.45

3.64%

10.0%

-15.0%

2,904

1,862

39%

17.2

0.83

4.45%

4.8%

38,455

2,098

Gulf Bank

Mabanee Co.

Subtotal- Kuwait 15 Index

Remaining of the Market
Source: KAMCO Research

900.43

10,079

KAMCO Research
KSE Daily Bulletin

Kuwait Stock Exchange Daily Bulletin

Thursday, December 31, 2015

Valuation Multiples

Company

Reuters
Ticker

Trailing
P/E (X)
18

Contracting & Marine Services Co.

IKARUS Petroleum Industries Co.
Al-Safat Energy Holding Co.
Independent Petroleum Group
National Petroleum Services Co.
The Energy House Co.
Gulf Petroleum Investment
Burgan Co. for Drilling, Tdg. & Maint. *
Oil & Gas
Kuwait Foundry Co.
Boubyan Petrochemicals Co.*
Al Kout for Industrial Projects Co.
Qurain Petrochemical Industries Co. *
Basic Materials
Specialities Group Holding Co.
Kuwait Cement Co.
Refrigeration Industries & Storage Co.
Gulf Cable & Electrical Ind. Co.
Heavy Eng'g Ind. & Shipbuilding Co.
Kuwait Portland Cement Co.
Shuaiba Industrial Co.
Metal & Recycling Co.
ACICO Industries Co.
Gulf Glass Manufacturing Co.
Hilal Cement Co.
Kuwait Packing Materials Co.
Kuwait Building Materials Co.
National Industries Co.
Equipment Holding Co.
National Co. for Consumer Industries
Kuwait Gypsum Manufacturing & Tdg. Co.
Salbookh Trading Co.
Agility (PWC Logistics)
Educational Holding Group*
National Cleaning Co.
City Group Co.
Kuwait & Gulf Link Transport Co.
Kuwait Co. For Process Plant Const. & Cont.
Human Soft Holding Co.
Nafais Holding Co.
Safwan Trading & Contracting Co.
Gulf Franchising Co.
National Ranges Co.
Combined Group Contracting Co.
Mishref General Trading & Contracting Co.
United Projects Group
ALAFCO Aviation Lease & Finance Co.*
Mubarrad Transport Co.
KGL Logistics Co.
Sharjah Cement Co.

MARI.KW
IKAR.KW
SENE.KW
IPGK.KW
NAPS.KW
ENER.KW
GPIK.KW
ABAR.KW
KFDC.KW
BPCC.KW
ALKK.KW
ALQK.KW
SPEC.KW
KCEM.KW
REFR.KW
CABL.KW
SHIP.KW
PCEM.KW
PAPE.KW
MRCK.KW
ACIC.KW
GGMC.KW
HCCK.KW
KPAK.KW
KBMM.KW
NIBM.KW
EQUI.KW
NCCI.KW
GYPK.KW
SALB.KW
AGLT.KW
EDUK.KW
CLEA.KW
TTGC.KW
KGLK.KW
KCPC.KW
HUMN.KW
NAFA.KW
SAFW.KW
GFCI.KW
MAYA.KW
CGCK.KW
MTCC.KW
UPAC.KW
ALAF.KW
MBRD.KW
LOGK.KW
SCEM.KW

Trailing
P/BV (X)
19

59.2
NM
NM
28.6
7.2
NM
NM
7.3
NM
NM
9.0
16.5
8.9
10.4
NM
14.8
8.7
NM
5.0
21.1
14.8
NM
8.8
9.4
NM
7.2
14.0
9.8
NM
59.9
9.4
15.3
11.0
9.2
40.5
6.5
5.1
7.7
10.0
16.1
5.8
NM
NM
22.5
75.8
8.6
11.3
3.9
5.6
9.8

20

0.52
0.82
0.35
0.62
1.93
0.48
0.44
0.46
0.64
0.69
1.06
2.17
0.64
0.88
0.39
1.55
1.24
0.68
0.65
1.60
1.41
0.40
0.82
1.37
0.66
1.05
1.33
0.93
0.43
1.19
0.67
0.82
0.65
1.36
0.26
1.61
0.23
0.73
4.03
1.22
1.03
0.46
0.23
2.40
0.66
2.07
0.84
0.59
0.41
0.42

Price (KWD)

Dividend
Yield

4.71%
11.11%
0.00%
7.54%
6.72%
0.00%
9.34%
0.00%
6.43%
4.50%
7.03%
5.96%
5.08%
6.08%
7.57%
4.43%
4.42%
5.33%
3.38%
6.17%
5.01%
0.00%
4.82%
5.83%
0.00%
5.56%
6.00%
6.38%
0.00%
0.00%
9.77%
0.00%
6.59%
4.74%
0.00%
11.11%
0.00%
2.04%
7.34%
5.33%
0.00%
0.00%
0.00%
4.02%
0.00%
10.54%
2.16%
6.49%
8.55%
11.49%

Beta

Closing

0.44
0.76
1.27
0.49
0.31
0.65
0.94
0.43

0.106
0.090
0.012
0.315
0.650
0.041
0.051
0.124

0.000
0.000
(0.001)
0.015
0.000
(0.003)
0.000
0.000

0.42
1.18
0.04
0.90

0.222
0.530
0.610
0.188

0.000
0.010
0.000
0.002

NA
0.94
0.52
0.85
0.76
1.02
0.35
0.95
0.78
0.23
0.13
0.19
0.10
0.37
1.08
0.25
0.02
0.53
1.69
0.48
0.93
0.30
1.37
0.33
0.07
0.17
0.10
0.70
1.36
0.56
0.55
0.29
0.99
1.02
0.93
0.57

0.088
0.395
0.320
0.375
0.148
1.080
0.390
0.079
0.295
0.490
0.132
0.360
0.250
0.234
0.058
0.099
0.102
0.082
0.480
0.210
0.040
0.405
0.043
0.218
0.950
0.184
0.320
0.035
0.022
0.790
0.067
0.650
0.210
0.077
0.058
0.087

0.000
0.015
0.000
0.000
0.000
0.000
0.000
0.005
(0.005)
0.000
0.000
0.000
0.000
0.008
(0.001)
0.000
0.000
(0.002)
(0.005)
0.000
0.000
0.000
0.000
0.000
(0.050)
0.000
0.020
0.002
0.000
0.010
(0.001)
0.000
0.000
0.001
0.003
0.003

21

11

Daily Trading Data

DTD
Change
13

MKT Cap 52 Weeks

52 Weeks
(KWD Mn.) High (KWD) Low (KWD)
16

27

24.3
70.9
7.2
48.0
37.4
30.4
19.2
26.0
263.4
34.2
283.5
59.2
206.8
583.6
13.2
289.7
30.0
78.7
25.4
103.1
25.1
6.5
80.9
22.9
10.1
16.7
7.6
81.4
7.9
8.9
3.1
8.6
581.7
51.5
10.0
45.8
11.2
17.5
116.1
77.5
16.0
1.1
6.0
97.0
26.8
53.6
180.5
12.6
35.2
48.1

28

0.126
0.158
0.026
0.435
0.680
0.116
0.099
0.200

0.096
0.082
0.012
0.238
0.540
0.041
0.038
0.075

0.345
0.650
0.610
0.216

0.220
0.455
0.560
0.174

0.140
0.410
0.400
0.690
0.158
1.440
0.420
0.104
0.350
0.630
0.174
0.450
0.440
0.240
0.116
0.134
0.170
0.152
0.830
0.270
0.079
0.540
0.068
0.265
1.280
0.204
0.485
0.116
0.039
0.930
0.080
0.780
0.250
0.092
0.108
0.095

0.072
0.350
0.315
0.360
0.112
1.040
0.244
0.060
0.255
0.430
0.130
0.360
0.200
0.192
0.056
0.084
0.100
0.078
0.475
0.140
0.039
0.380
0.039
0.192
0.400
0.084
0.270
0.030
0.020
0.680
0.041
0.580
0.206
0.055
0.051
0.079

YTD-15
#
Return
15

(5.9%)
(32.4%)
(48.9%)
(23.2%)
21.7%
(53.4%)
(34.7%)
(40.4%)
(32.7%)
(31.7%)
(8.4%)
36.7%
(2.2%)
(10.1%)
(30.4%)
(1.3%)
4.7%
(42.8%)
3.4%
(7.4%)
52.9%
(2.5%)
8.2%
23.7%
0.8%
(6.2%)
(43.8%)
20.2%
(40.8%)
(8.3%)
(34.1%)
(7.9%)
(27.4%)
34.1%
(37.5%)
6.6%
(26.7%)
1.1%
170.1%
111.5%
(21.0%)
(32.7%)
(29.5%)
(1.7%)
8.1%
(6.7%)
(11.1%)
36.7%
(39.5%)
(4.4%)

Volume
(Shrs.)
24

0
1,383
6,347,058
134,445
1,175
2,000
862,488
0
7,348,549
0
155,514
0
223,228
378,742
0
87,600
0
0
0
3,100
0
10
2,850
0
0
8,081
0
58,532
123,234
0
0
965,400
1,055,258
0
11,700
0
164,200
0
14,500
0
5,000
2,001
284,010
21,000
48,500
0
31,000
126,900
1,971,498
497,950

Value
(KWD)
25

0
124
76,620
40,900
764
82
43,705
0
162,195
0
82,247
0
41,551
123,798
0
34,602
0
0
0
3,308
0
1
853
0
0
2,909
0
12,645
7,153
0
0
79,409
506,572
0
471
0
6,957
0
14,345
0
1,600
63
6,106
16,490
3,250
0
6,447
9,553
111,730
42,625

YTD-15
Capital
Turnover
32

ROE
22

0.3%
4.5%
174.1%
2.4%
0.7%
7.7%
203.7%
0.6%
6.7%
6.2%
0.0%
4.9%
8.1%
0.5%
3.8%
7.2%
4.1%
4.8%
34.4%
1.0%
4.0%
1.6%
1.7%
0.7%
0.3%
1.1%
274.7%
0.0%
0.2%
167.6%
20.5%
18.3%
66.6%
0.8%
49.6%
2.8%
5.1%
19.9%
2.8%
56.2%
651.8%
0.9%
69.9%
0.4%
5.5%
158.4%
30.5%
13.0%

0.9%
NM
NM
2.2%
26.9%
NM
NM
6.3%
NM
NM
11.8%
13.1%
7.2%
8.4%
NM
10.5%
14.3%
NM
12.9%
7.6%
9.5%
NM
9.3%
14.6%
NM
14.5%
9.5%
9.5%
NM
2.0%
7.1%
5.3%
5.9%
14.8%
0.6%
24.9%
4.4%
9.6%
40.4%
7.6%
17.6%
NM
NM
10.6%
0.9%
24.1%
7.4%
14.9%
7.4%
4.3%

KAMCO Research
KSE Daily Bulletin

Kuwait Stock Exchange Daily Bulletin

Thursday, December 31, 2015

Valuation Multiples

Company

Reuters
Ticker

Trailing
P/E (X)
18

Gulf Cement Co.

Umm Al-Qaiwain Cement Industries Co.
Fujairah Cement Industries Co.
Ras-Al-Khaimah for White Cement Co.
Industrials
Kuwait Slaughter House Co.
National Slaughter Houses Co.
Palms Agro Production Co.
Livestock Transport & Trading Co.
Danah Alsafat Foodstuff Co.
Kuwait United Poultry Co.
Kuwait Food Co. (Americana)
Mezzan Holding Co.
Consumer Goods
AL-Mowasat Healthcare Co.
Advanced Technology Co.
Yiaco Medical Co.
Health Care
Kuwait National Cinema Co.
Kuwait Hotels Co.
Sultan Center Food Products Co.
Kuwait Cable Vision Co.
EYAS for Higher & Technical Education Co.*
IFA Hotels & Resorts Co.*
Oula Fuel Marketing Co.
Kuwait Resorts Co.
Jazeera Airways Co.
Soor Fuel Marketing Co.
Future Kid Entertainment and R.E Co.
Al-Nawadi Holding Co.
Al Rai Media Group Co.
Zima Holding Co.
United Foodstuff Industries Group Co.
Kout Food Group
Consumer Services
Zain
National Mobile Telecom Co.
Hits Telecom Holding Co.
Kuwait Telecommunication Co.
Telecommunications
National Bank of Kuwait
Gulf Bank
Commercial Bank of Kuwait
Ahli Bank of Kuwait
Ahli United Bank - Kuwait
Kuwait International Bank
Burgan Bank
Kuwait Finance House
Boubyan Bank
Warba Bank
Ahli United Bank - Bahrain
Ithmaar Bank
Banks

GCEM.KW
QCEM.KW
FCEM.KW
RKWC.KW
KSHK.KW
NSHK.KW
PAPK.KW
CATT.KW
DANK.KW
POUL.KW
FOOD.KW
MEZZ.KW
MHCK.KW
ATCK.KW
YIAC.KW
KCIN.KW
KHOT.KW
SCFK.KW
KWTV.KW
EYAS.KW
IFAH.KW
OULA.KW
MUNK.KW
JAZK.KW
SOOR.KW
KIDK.KW
ALNA.KW
ALRA.KW
ZIMAH.KW
UFIG.KW
KOUT.KW
ZAIN.KW
OORE.KW
HITS.KW
VIVA.KW
NBKK.KW
GBKK.KW
CBKK.KW
ABKK.KW
BKME.KW
KIBK.KW
BURG.KW
KFIN.KW
BOUK.KW
WARB.KW
AUBK.KW
ITHMR.KW

Trailing
P/BV (X)
19

24.2
NM
9.7
48.8
13.1
9.2
7.2
8.4
7.9
NM
7.4
17.7
17.9
17.1
6.5
29.8
25.3
21.5
9.6
NM
NM
3.9
10.4
NM
11.6
5.4
NM
12.7
10.8
5.1
5.5
NM
11.4
7.4
73.0
10.0
19.7
NM
11.3
11.8
14.1
20.6
14.4
15.4
17.6
15.1
10.9
18.1
27.4
NM
8.7
NM
15.1

20

0.69
0.54
0.33
0.73
0.84
1.65
0.50
0.68
0.73
0.65
1.14
2.29
3.65
2.23
0.85
3.21
0.70
1.80
1.52
2.23
0.96
0.84
1.47
3.21
0.74
0.89
2.84
0.78
0.61
0.58
0.81
1.12
0.97
1.16
1.39
0.95
0.79
0.36
5.97
1.05
1.49
1.50
1.28
1.09
2.36
0.98
1.23
1.48
2.95
2.11
1.27
0.86
1.47

Price (KWD)

Dividend
Yield

6.88%
8.75%
0.00%
4.90%
5.51%
5.28%
22.58%
8.92%
0.00%
0.00%
7.43%
4.38%
2.53%
3.79%
5.29%
1.63%
0.00%
1.77%
5.20%
0.00%
0.00%
0.00%
6.06%
0.00%
0.00%
5.41%
11.11%
0.00%
5.15%
0.00%
5.17%
0.00%
0.00%
5.47%
4.57%
10.30%
6.33%
0.00%
0.00%
7.38%
3.50%
0.00%
3.60%
3.46%
1.72%
3.58%
3.67%
2.53%
0.00%
0.00%
5.95%
0.00%
2.92%

Beta

Closing

0.83
0.72
0.72
0.89

0.080
0.080
0.075
0.100

0.005
0.005
0.000
(0.004)

0.05
NA
0.28
0.54
1.29
0.43
0.76
NA

0.220
0.062
0.112
0.128
0.080
0.196
2.000
1.160

0.000
0.000
0.000
0.000
0.000
0.010
(0.020)
0.000

0.05
NA
0.74

0.180
0.920
0.142

0.000
0.000
0.002

0.17
0.09
1.55
0.36
0.07
0.42
0.36
0.52
0.57
0.44
0.07
0.02
0.65
NA
0.04
0.13

0.920
0.220
0.067
0.025
0.330
0.204
0.110
0.099
0.900
0.110
0.110
0.083
0.144
0.116
0.140
0.640

(0.010)
0.010
0.000
0.000
0.000
0.002
(0.002)
0.002
0.000
0.000
0.000
0.000
(0.002)
0.000
0.000
0.000

1.49
0.98
0.93
NA

0.350
1.100
0.029
0.990

(0.005)
0.020
(0.001)
(0.010)

1.31
0.75
0.67
0.60
0.87
1.26
1.13
1.34
1.19
NA
0.48
1.00

0.800
0.260
0.500
0.375
0.530
0.226
0.385
0.540
0.440
0.196
0.208
0.044

0.010
(0.005)
(0.010)
0.005
0.000
(0.004)
0.010
(0.010)
0.000
(0.002)
0.000
0.000

21

11

Daily Trading Data

DTD
Change
13

MKT Cap 52 Weeks

52 Weeks
(KWD Mn.) High (KWD) Low (KWD)
16

27

65.7
29.0
26.7
50.0
2,379.6
6.8
1.8
5.9
27.7
23.1
22.6
804.0
343.9
1,235.9
18.3
138.0
25.8
182.1
93.0
12.7
38.8
0.8
40.0
129.6
44.5
19.5
180.0
44.5
12.8
15.1
33.6
11.6
4.7
46.8
727.9
1,512.5
554.4
24.9
494.4
2,586.2
4,031.8
792.5
706.0
607.2
834.7
234.4
789.0
2,573.1
907.8
196.0
1,311.1
131.8
13,115.5

28

0.096
0.102
0.081
0.136

0.075
0.075
0.064
0.095

0.230
0.162
0.130
0.152
0.097
0.216
3.020
1.220

0.196
0.062
0.093
0.099
0.070
0.158
1.900
0.930

0.240
0.920
0.180

0.156
0.910
0.104

1.140
0.220
0.096
0.037
0.335
0.216
0.166
0.116
0.960
0.164
0.120
0.120
0.210
0.160
0.232
0.890

0.880
0.156
0.060
0.023
0.270
0.098
0.106
0.081
0.425
0.104
0.080
0.074
0.102
0.067
0.120
0.520

0.590
1.720
0.036
1.120

0.335
0.980
0.025
0.590

0.950
0.310
0.660
0.415
0.660
0.270
0.485
0.800
0.485
0.248
0.248
0.053

0.770
0.260
0.495
0.305
0.510
0.218
0.370
0.530
0.390
0.192
0.204
0.036

YTD-15
#
Return
15

43.1%
(21.6%)
(1.3%)
57.2%
(12.8%)
(2.7%)
(50.0%)
1.7%
(12.3%)
6.7%
17.0%
(25.4%)
18.4%
1.5%
8.2%
0.5%
(2.7%)
(0.9%)
(1.2%)
23.6%
(27.2%)
(30.6%)
18.5%
2.0%
(21.2%)
23.1%
14.1%
(17.5%)
1.5%
(19.8%)
37.7%
7.4%
(42.1%)
(19.6%)
(6.4%)
(27.2%)
(16.5%)
(6.6%)
52.3%
(22.7%)
(4.5%)
(5.9%)
(17.8%)
(5.4%)
(7.3%)
(5.6%)
(12.7%)
(15.4%)
13.9%
(16.9%)
(1.9%)
(6.5%)
(10.1%)

Volume
(Shrs.)
24

37,318
1,649
0
35,600
5,556,891
0
0
0
0
28,900
23
185,473
14,100
228,496
0
0
12,905
12,905
1,017
49,000
0
0
0
29,400
33,285
470,062
80,560
110,325
0
0
32,891
396,467
0
10,050
1,213,057
153,621
35,962
564,900
118,793
873,276
534,400
127,216
153,758
177,280
65,000
155,380
5,476,200
390,766
1,774,617
1,325,804
35,050
3,293,600
13,509,071

YTD-15

Value
(KWD)

Capital
Turnover

2,898
132
0
3,562
873,680
0
0
0
0
2,326
4
370,970
16,076
389,376
0
0
1,738
1,738
936
10,133
0
0
0
6,004
3,688
46,463
72,504
12,142
0
0
4,721
45,995
0
6,032
208,617
54,325
39,040
16,255
117,605
227,224
427,395
33,176
76,879
66,139
34,450
35,017
2,085,956
214,459
780,807
261,340
7,260
142,596
4,165,473

11.6%
6.0%
21.6%
2.7%

25

32

0.2%
0.8%
0.2%
11.1%
65.6%
14.6%
4.4%
24.4%
0.7%
0.1%
16.2%
17.1%
0.3%
5.3%
14.1%
0.3%
0.9%
5.8%
51.8%
40.0%
6.6%
0.2%
4.6%
24.4%
246.4%
0.3%
6.4%
13.0%
1.3%
181.4%
77.5%
7.3%
3.8%
4.6%
3.1%
1.7%
7.7%
8.0%
8.3%
8.6%
31.8%
3.2%
30.4%

ROE
22

2.8%
NM
3.4%
1.5%
6.4%
17.9%
6.9%
8.0%
9.2%
NM
15.4%
13.0%
20.4%
13.1%
12.9%
10.8%
2.8%
8.3%
15.9%
NM
NM
21.4%
14.2%
NM
6.3%
16.5%
NM
6.1%
5.7%
11.4%
14.8%
NM
8.5%
15.8%
1.9%
9.5%
4.0%
NM
53.1%
8.9%
10.6%
7.3%
8.9%
7.1%
13.4%
6.5%
11.2%
8.2%
10.8%
1.1%
14.6%
NM
9.8%

KAMCO Research
KSE Daily Bulletin

Kuwait Stock Exchange Daily Bulletin

Thursday, December 31, 2015

Valuation Multiples

Company

Reuters
Ticker

Trailing
P/E (X)
18

Kuwait Insurance Co.

Gulf Insurance Group
Ahleiah Insurance Co.
Warba Insurance Co.
Kuwait Reinsurance Co.
First Takaful Insurance Co.
Wethaq Takaful Insurance Co.
Bahrain Kuwait Insurance Co.
Insurance
Sokouk Holding Co.
Kuwait Real Estate Co.
United Real Estate Co.
National Real Estate Co.
Salhia Real Estate Co.
Tamdeen Real Estate Co.
Ajial Real Estate Entertainment Co.
Al Massaleh Real Estate Co.
Arab Real Estate Co.
AL-Enma'a Real Estate Co.*
Mabanee Co.
Injazzat Real Estate Development Co.
Investors Holding Group Co.
International Resorts Co.
The Commercial Real Estate Co.
Sanam Real Estate Co.
A'ayan Real Estate Co.
Aqar Real Estate Investment Co.
Kuwait Real Estate Holding Co.
MAZAYA Holding Co.
Al Dar National Real Estate Co.
AL-Themar International Holding Co.*
Tijara Real Estate & Investment Co.
Al TAMEER Real Estate Investment Co.
Arkan Al-Kuwait Real Estate Co. *
Al-Argan International Real Estate Co.
Abyaar Real Estate Development Co.
Munshaat Real Estate Projects Co.
First Dubai For Real Estate Development
Kuwait Business Town Real Estate Co.
Real Estate Asset Management Co.
MENA Real Estate Co. *
Al Mudon International Real Estate Co.
Real Estate Trade Centers Co.
Kuwait Remal Real Estate Co.
Mashaer Holding Co.
Real Estate
Kuwait Investment Co.
Commercial Facilities Co.
Int'l Financial Advisors Co.
National Investment Co.

KINS.KW
GINS.KW
AINS.KW
WINS.KW
KWRE.KW
FTIK.KW
WETH.KW
BKIK.KW
SHCK.KW
KREK.KW
UREK.KW
NREK.KW
SREK.KW
TAMK.KW
AREC.KW
MREC.KW
ARAB.KW
ENMA.KW
MABK.KW
INJA.KW
INVK.KW
IRCK.KW
TIJK.KW
SANK.KW
AYRE.KW
AQAR.KW
ALAQ.KW
MAZA.KW
ADNC.KW
THMR.KW
TIJA.KW
AMAR.KW
ARKK.KW
ARGK.KW
ABYR.KW
MUNS.KW
FIRST.KW
KBTK.KW
REAM.KW
MENK.KW
ALMK.KW
MARA.KW
REMAL.KW
MASK.KW
KINV.KW
FACI.KW
IFIN.KW
NINV.KW

Trailing
P/BV (X)
19

11.3
9.9
9.7
10.8
20.1
NM
NM
11.5
11.1
11.5
7.9
13.6
8.0
15.4
27.3
29.0
NM
NM
5.8
16.5
8.9
NM
NM
7.6
NM
20.5
7.2
9.0
7.7
NM
30.0
7.0
NM
6.3
1.8
NM
4.4
16.6
6.9
16.4
NM
NM
24.3
45.0
NM
13.2
31.9
12.0
NM
16.0

1.02
1.63
1.04
0.41
0.74
0.58
0.38
0.93
1.02
0.35
0.40
0.56
0.38
1.38
2.04
0.23
0.40
0.22
0.42
2.76
0.48
0.30
0.39
0.53
0.51
0.43
0.64
0.55
0.70
0.98
0.83
0.44
0.30
0.84
0.51
0.33
0.34
0.75
0.40
0.93
0.34
0.21
26.98
0.21
0.49
0.83
0.42
0.56
0.44
0.43

Price (KWD)

Dividend
Yield
20

6.27%
4.40%
5.92%
6.96%
5.00%
0.00%
0.00%
9.86%
5.50%
0.00%
9.23%
4.76%
0.00%
5.21%
1.43%
0.00%
0.00%
0.00%
0.00%
1.39%
0.00%
0.00%
0.00%
7.15%
0.00%
6.11%
6.46%
0.00%
5.30%
0.00%
5.55%
0.00%
0.00%
0.00%
3.64%
0.00%
5.75%
0.00%
0.00%
13.95%
0.00%
0.00%
0.00%
0.00%
0.00%
2.74%
9.94%
11.01%
0.00%
6.63%

Beta

Closing

0.18
0.20
0.15
0.28
0.00
0.16
0.14
0.01

0.305
0.750
0.530
0.108
0.200
0.056
0.041
0.355

(0.005)
0.000
0.040
0.006
0.000
0.000
0.000
0.000

1.46
1.27
1.24
1.67
0.38
0.67
0.37
0.56
1.38
0.74
1.27
1.02
1.44
1.33
1.07
0.34
0.98
0.34
0.82
1.09
0.97
0.37
0.45
0.37
0.27
0.29
1.25
1.25
1.07
0.73
NA
0.76
0.62
NA
NA
0.78

0.047
0.054
0.095
0.086
0.370
0.650
0.156
0.056
0.029
0.060
0.940
0.082
0.025
0.029
0.079
0.045
0.078
0.075
0.025
0.102
0.027
0.090
0.043
0.025
0.110
0.186
0.029
0.087
0.048
0.043
0.132
0.023
0.032
0.024
0.034
0.104

(0.001)
(0.001)
(0.001)
(0.002)
0.000
0.010
(0.010)
(0.005)
(0.001)
(0.001)
0.000
0.003
(0.000)
0.000
(0.001)
0.000
0.000
0.000
0.002
0.000
0.000
0.000
0.001
0.000
0.000
0.010
(0.000)
(0.001)
(0.001)
0.000
0.000
(0.002)
0.001
0.001
(0.001)
(0.002)

0.87
0.74
1.26
1.32

0.100
0.174
0.029
0.088

0.000
0.004
(0.003)
0.000

21

11

Daily Trading Data

DTD
Change
13

MKT Cap 52 Weeks

52 Weeks
(KWD Mn.) High (KWD) Low (KWD)
16

27

59.2
140.3
106.0
18.7
30.0
6.0
4.5
25.4
390.0
27.9
49.0
112.9
81.1
189.7
267.4
27.5
13.2
14.8
27.0
798.6
28.3
16.1
4.5
141.2
5.4
32.4
17.6
4.7
70.2
11.3
91.1
16.3
5.9
26.3
49.3
32.1
28.0
48.0
22.2
13.8
4.5
3.2
2.7
10.3
18.7
2,313.1
55.1
93.4
20.9
77.1

28

0.345
0.800
0.530
0.126
0.206
0.090
0.063
0.000

0.275
0.530
0.375
0.100
0.176
0.056
0.039
0.000

0.075
0.078
0.102
0.152
0.380
0.650
0.226
0.085
0.050
0.082
1.080
0.094
0.063
0.045
0.102
0.065
0.114
0.095
0.040
0.144
0.043
0.095
0.061
0.038
0.140
0.220
0.037
0.128
0.086
0.048
0.186
0.040
0.130
0.040
0.079
0.162

0.039
0.054
0.088
0.075
0.300
0.415
0.156
0.046
0.028
0.054
0.840
0.062
0.023
0.028
0.078
0.035
0.072
0.075
0.020
0.098
0.020
0.085
0.040
0.023
0.099
0.160
0.024
0.079
0.042
0.031
0.100
0.022
0.029
0.021
0.032
0.098

0.148
0.275
0.048
0.154

0.093
0.168
0.028
0.086

YTD-15
#
Return
15

11.8%
25.0%
13.4%
1.2%
5.0%
(35.8%)
(25.5%)
0.0%
9.3%
(20.4%)
(16.9%)
(0.5%)
(31.6%)
3.8%
50.0%
(28.4%)
(20.0%)
(37.6%)
(22.1%)
14.2%
24.2%
(58.8%)
(31.0%)
(7.4%)
(27.0%)
(2.4%)
(21.1%)
(38.8%)
(13.4%)
12.5%
0.0%
(26.7%)
(29.0%)
6.9%
12.8%
(10.8%)
(25.0%)
(27.3%)
24.6%
36.7%
(39.5%)
(52.9%)
(34.7%)
(44.2%)
(36.6%)
(3.3%)
(22.6%)
(36.7%)
(29.3%)
(38.3%)

Volume
(Shrs.)
24

85,000
0
115,200
48
0
0
0
0
200,248
977,139
1,562,000
37,900
246,526
10,833
45,255
144,447
300
373,648
40,000
82,786
271,030
1,574,020
431,831
106,640
0
0
0
166,000
0
3,521,982
0
152,275
0
0
388,749
187,898
230,501
53,512
1,204,249
0
60,000
807,453
213,100
101,000
52,257
13,043,331
12,513
110,100
5,645,250
412,600

Value
(KWD)
25

26,045
0
60,952
5
0
0
0
0
87,002
46,543
85,580
3,601
21,366
4,008
28,923
22,627
17
11,013
2,400
77,261
21,661
39,325
12,649
8,425
0
0
0
3,960
0
92,633
0
6,472
0
0
71,938
5,449
19,899
2,574
51,179
0
1,385
25,719
4,971
3,434
5,435
680,445
1,250
19,117
172,124
36,339

YTD-15
Capital
Turnover
32

1.8%
0.2%
1.2%
3.1%
0.5%
0.0%
13.1%
0.0%
82.8%
35.5%
1.9%
15.3%
0.8%
1.5%
4.1%
10.3%
59.1%
27.1%
9.0%
28.4%
391.2%
101.5%
20.4%
23.5%
17.3%
2.5%
5.3%
36.4%
1010.0%
0.6%
24.9%
44.5%
1.9%
10.0%
80.9%
91.3%
21.0%
113.0%
10.1%
20.1%
923.6%
19.5%
98.8%
7.0%
2.7%
5.6%
53.2%
14.3%

ROE
22

9.0%
16.4%
10.7%
3.8%
3.7%
NM
NM
8.1%
9.2%
3.1%
5.0%
4.1%
4.8%
9.0%
7.5%
0.8%
NM
NM
7.1%
16.8%
5.4%
NM
NM
7.1%
NM
2.1%
9.0%
6.0%
9.1%
NM
2.8%
6.2%
NM
13.2%
28.4%
0.3%
7.6%
4.5%
5.7%
5.7%
NM
NM
111.0%
0.5%
NM
6.2%
1.3%
4.7%
NM
2.7%

KAMCO Research
KSE Daily Bulletin

Kuwait Stock Exchange Daily Bulletin

Thursday, December 31, 2015

Valuation Multiples

Company

Reuters
Ticker

Trailing
P/E (X)
18

Kuwait Projects Co.(Holding)

Coast Invest. & Development Co.
The Securities House Co.
Securities Group *
Arzan Financial Group For Fin. & Invest.
Kuwait Financial Centre
Kuwait & M.E. Financial Inv. Co.
Al-Aman Investment Co.
First Investment Co.
Al-Mal Investment Co.
Gulf Investment House
A'ayan Leasing & Investment Co.
Bayan Investment Co.
Osoul Investment Co.
Kuwait Finance & Investment Co.
KAMCO Investment Co.
National International Holding Co.
Housing Finance Co.
Al Madar Finance & Investment Co.
Al-Deera Holding
Al Salam Group Holding Co.
Ekttitab Holding Co.
Al Madina For Finance & Investment Co.
NOOR Financial Investment Co.
Tamdeen Investment Co.
Kuwait Bahrain Int'l Exchange Co.
Taiba Kuwaiti Holding Co.
Kuwait Syrian Holding Co.
Strategia Investment Co.
Asiya Capital Investment Co.
Gulf North Africa Holding Co.
Amwal International Investment Co.
Alimtiaz Investment Group
Manazel Holding Co.
National Industries Group
Boubyan Int'l Industries Holding Co. *
Arabi Holding Group Co.
Privatization Holding Co.
Credit Rating & Collection Co.
Jeeran Holding Co.*
Egypt Kuwait Holding Co.
Gulf Finance House
Inovest
Financial Services

KPRO.KW
COAS.KW
SECH.KW
SGCK.KW
ARZA.KW
MARKZ.KW
KMEF.KW
AMAN.KW
OLAK.KW
MALK.KW
GIHK.KW
AAYA.KW
BAYK.KW
OSUL.KW
KFSK.KW
KAMC.KW
NIHK.KW
ISKN.KW
MADR.KW
DEER.KW
SAGH.KW
EKTT.KW
MADI.KW
NOOR.KW
TAMI.KW
EXCH.KW
DAMK.KW
KSHC.KW
STRAT.KW
ASIYA.KW
GNAH.KW
AMWA.KW
ALIMk.KW
MANK.KW
NIND.KW
BIIHC.KW
AGHC.KW
KPPC.KW
TAHS.KW
JEER.KW
EKHK.KW
GFHK.KW
INOV.KW

Trailing
P/BV (X)
19

16.6
NM
11.2
7.1
19.7
NM
NM
9.4
7.0
NM
NM
5.4
NM
NM
22.7
NM
NM
5.8
50.1
NM
NM
NM
NM
NM
11.8
45.9
NM
7.4
26.6
NM
15.9
NM
6.1
NM
6.0
NM
16.6
15.0
NM
NM
22.1
NM
NM
30.2

20

1.77
0.33
0.45
0.48
0.27
0.58
0.33
0.50
0.40
0.53
0.45
0.50
0.39
0.39
0.32
0.73
0.38
0.30
0.25
0.41
0.27
0.36
0.52
0.43
0.97
0.91
2.68
0.24
0.30
0.36
0.27
0.36
0.48
0.47
0.45
0.28
0.53
0.38
0.67
0.38
0.80
0.23
0.33
0.65

Price (KWD)

Dividend
Yield

3.96%
0.00%
0.00%
9.43%
0.00%
5.32%
0.00%
8.93%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
4.52%
6.23%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
2.05%
7.69%
1.50%
0.00%
0.00%
13.12%
0.00%
0.00%
6.40%
0.00%
9.52%
0.00%
0.00%
9.75%
0.00%
0.00%
6.41%
0.00%
0.00%
4.56%

Beta

Closing

1.31
1.37
0.67
0.60
0.50
1.39
0.34
0.65
0.96
1.47
0.93
1.16
1.59
0.88
0.36
0.40
0.25
0.26
0.42
0.84
0.92
1.33
1.13
1.38
0.65
0.28
0.29
1.29
0.61
1.19
1.36
NA
NA
1.68
1.72
1.32
0.69
1.26
0.13
0.35
0.69
1.32
0.89

0.580
0.032
0.037
0.106
0.038
0.102
0.028
0.056
0.058
0.033
0.027
0.047
0.034
0.041
0.037
0.100
0.061
0.032
0.021
0.032
0.035
0.030
0.035
0.049
0.420
0.130
0.300
0.025
0.033
0.037
0.028
0.031
0.076
0.023
0.126
0.030
0.082
0.051
0.042
0.060
0.156
0.038
0.055

21

11

Daily Trading Data

DTD
Change
13

0.000
(0.001)
(0.001)
0.000
(0.001)
0.000
0.001
0.000
0.001
0.000
0.000
(0.001)
0.000
0.000
0.000
0.000
0.000
0.001
0.000
(0.001)
(0.000)
0.001
0.000
0.001
0.000
0.000
0.000
0.000
0.000
0.000
(0.001)
0.000
(0.002)
0.000
0.000
0.000
0.000
0.001
0.001
0.000
0.000
(0.001)
0.000

MKT Cap 52 Weeks

52 Weeks
(KWD Mn.) High (KWD) Low (KWD)
16

27

854.7
20.0
24.8
27.1
30.1
54.2
7.4
11.0
37.8
21.8
4.4
38.6
13.4
7.7
11.9
26.3
13.2
7.2
4.4
6.2
9.4
9.6
14.2
20.0
131.0
6.0
54.0
4.4
9.9
29.6
4.1
5.6
86.2
16.4
171.3
8.9
13.5
37.7
6.9
9.0
152.2
48.1
15.8
2,332.4

0.730
0.066
0.088
0.130
0.054
0.122
0.051
0.087
0.114
0.048
0.065
0.076
0.069
0.075
0.073
0.122
0.077
0.062
0.036
0.056
0.071
0.056
0.064
0.106
0.430
0.170
0.300
0.035
0.079
0.059
0.047
0.038
0.085
0.054
0.200
0.081
0.158
0.064
0.062
0.071
0.220
0.070
0.069

28

0.570
0.030
0.036
0.097
0.034
0.098
0.025
0.054
0.053
0.028
0.026
0.045
0.032
0.033
0.034
0.090
0.052
0.029
0.016
0.009
0.033
0.029
0.026
0.045
0.280
0.108
0.300
0.024
0.033
0.035
0.027
0.029
0.063
0.020
0.122
0.029
0.079
0.041
0.035
0.046
0.156
0.015
0.054

YTD-15
#
Return
15

(17.1%)
(44.8%)
(53.8%)
(10.2%)
(21.9%)
(15.0%)
(41.7%)
(27.3%)
(39.4%)
24.8%
(50.9%)
(26.6%)
(41.4%)
(45.3%)
(35.3%)
8.9%
18.4%
37.8%
(37.9%)
(35.8%)
(36.6%)
(27.7%)
20.7%
(50.0%)
6.3%
(18.8%)
246.6%
1.3%
(44.1%)
(17.9%)
(21.4%)
(6.1%)
11.8%
(49.5%)
(27.4%)
(57.2%)
(42.2%)
13.1%
(22.2%)
(14.3%)
(23.5%)
(39.2%)
(19.1%)
(22.6%)

Volume
(Shrs.)
24

85,010
151,258
2,024,047
0
50,990
340,000
7,600
134,179
2,762,402
0
993,102
412,250
0
0
3,900
4,516
500
1,108,042
0
157,999
260,686
922,960
232,500
500,000
196,000
0
0
113,529
0
2,100
467,989
0
895,693
5,198,040
1,736,270
51
0
21,400
5,500
750
0
11,340,186
0
36,309,912

YTD-15

Value
(KWD)

Capital
Turnover

49,276
4,841
73,208
0
1,837
34,680
206
7,380
158,218
0
25,938
19,457
0
0
145
446
31
34,417
0
5,076
9,159
28,020
8,024
24,250
79,620
0
0
2,838
0
76
13,060
0
68,543
120,147
215,701
2
0
1,091
219
45
0
440,481
0
1,655,262

11.4%
93.6%
63.9%
1.4%
6.6%
2.0%
5.1%
73.6%
59.3%
102.7%
315.8%
40.8%
116.6%
9.6%
4.5%
0.9%
122.7%
86.8%
11.4%
215.5%
227.8%
152.2%
436.0%
14.6%
2.2%
1.5%
0.0%
114.6%
0.3%
14.6%
248.2%
16.7%
45.7%
184.1%
16.1%
135.4%
6.9%
53.7%
1.7%
4.6%
0.2%
307.3%
9.5%

25

32

ROE
22

10.7%
NM
4.0%
6.8%
1.4%
0.1%
NM
5.4%
5.7%
NM
NM
9.3%
NM
NM
1.4%
NM
NM
5.1%
0.5%
NM
NM
NM
NM
NM
8.2%
2.0%
NM
3.2%
1.1%
NM
1.7%
NM
7.9%
NM
7.6%
NM
3.2%
2.6%
NM
NM
3.6%
NM
NM
2.2%

KAMCO Research
KSE Daily Bulletin

Kuwait Stock Exchange Daily Bulletin

Thursday, December 31, 2015

Valuation Multiples

Company

Reuters
Ticker

Trailing
P/E (X)
18

Automated Systems Co.

Al Safat TEC Holding Co.
Future Communications Global Co.
Hayat Communications Co.
Technology

Kuwait Stock Exchange

ASCK.KW
SAFH.KW
FUTK.KW
HAYK.KW

Trailing
P/BV (X)
19

Price (KWD)

Dividend
Yield
20

19.7
NM
10.0
26.3
36.1

1.44
0.77
0.66
0.41
0.80

6.67%
0.00%
13.89%
0.00%
4.46%

15.5

1.13

3.95%

Beta

Closing

0.34
1.03
0.29
0.44

0.300
0.082
0.108
0.043

21

11

Daily Trading Data

DTD
Change
13

MKT Cap 52 Weeks

52 Weeks
(KWD Mn.) High (KWD) Low (KWD)
16

27

0.000
0.000
0.002
(0.003)

15.0
22.0
8.8
3.9
49.7

0.550
0.085
0.142
0.077

YTD-15
#
Return

28

0.280
0.045
0.100
0.042

26,159.4

15

Volume
(Shrs.)
24

YTD-15

Value
(KWD)
25

Capital
Turnover
32

(7.4%)
(6.8%)
(15.6%)
(35.6%)
(11.7%)

0
0
5,200
950
6,150

0
0
551
41
592

(11.9%)

78,680,628

8,575,403

ROE
22

3.9%
16.0%
7.6%
115.6%

7.3%
NM
6.6%
1.6%
2.2%
7.3%

Year-to-Date 2015 Top Movers & Most Active Stocks

YTD Top % Gainers

Close
(KWD)

Percent
Change

YTD Top % Losers

Close
(KWD)

Taiba Holding Co.

0.300

246.6%

Investors Holding Group Co.

0.025

Human Soft Holding Co.

0.950

170.1%

Boubyan International Industries Holding Co.

0.030

Nafais Holding Co.

0.184

111.5%

The Securities House

0.037

Ras AL Khaimah Co. for White Cement

Shuaiba Paper Products Co.

0.100
0.390

57.2%
52.9%

The Energy House Co.

Al Mudon International Real Estate Co.

0.041
0.032

Close

Volume

YTD Most Active by Volume

YTD Most Active by Value

(KWD)

(Shrs.)

Al Dar National Real Estate Co.

0.027

4,242,168,061

Kuwait Telecommunication Co.

Gulf Finance House

0.038

3,886,943,892

Investors Holding Group Co.

0.025

2,514,647,064

National Ranges Co. (MAYADEEN)

0.022

Al-Madina for Finance & Investment Co.

0.035

Close

Percent
Change
(58.8%)
(57.2%)
(53.8%)
(53.4%)
(52.9%)
Value

(KWD)

(KWD)

0.990

323,223,363

National Bank of Kuwait

0.800

311,225,146

Kuwait Finance House

0.540

257,125,187

1,826,183,352

ZAIN

0.350

254,928,236

1,774,700,532

Agility

0.480

162,349,437

National
Slaughter
Houses Co.
0.062
Arab cap.
Insurance
Group P/E is negative or greater than 80, it is represented
0.000
0.00%
Notes: NM:
Not Meaningful.
NA: Not Available. CP: Current Price, Trailing P/E
is calculated based 439.46%
on TTM 9M-2015 net profits and current market
If calculated
by NM. Trailing P/BV
is based on
National Ranges Co.
0.022
133.41%
United Gulf Bank
0.000
0.00%
shareholders equity as of 30-Sep-2015 and current market cap .Valuation multiples (P/E and P/BV) for companies that have not yet disclosed their 9M-2015 financials are based on TTM 1H-2015 net profits and shareholders equity as of 30-June-15 . Dividend
Al Deera Holding Co.
0.032
128.99%
KNA
0.000
0.00%
Yield for individual stocks is based on the Full Year 2014. Dividends & current market cap, and the sectors average is a weighted average based on the market cap. Beta is calculated on daily share prices returns against KSE Weighted Index for the companies
Taiba
Holding Co.
97.56%
0.000
0.00%
which Kuwaiti
have a minimum
trading history of two years. DTD: daily change. MTD:0.300
Beginning of Current Month
to Date YTD: Beginning of Year to Date. Villa
KWD:Moda
Kuwaiti Dinars. * Companies that vary in their fiscal years are
treated separately to adjust
for the recent
Source:
Investment Research
Dept.
- KAMCO
results announcements.
#YTD-15
return
for individual stocks and sectors is calculated based on the change in market capitalization.
Disclaimer: This document and material contained herewith have been produced, complied, and issued by KAMCO Investment Company-K.S.C. (Public). The Company has obtained the information used in this document from sources it believes to be reliable, but the issuer does
not guarantee, neither its accuracy nor completeness, nor provides an independent verification of the material contained therein. KAMCO may, from time to time to the extent permitted by law, participate or invest in other financing transactions with the issuers of the securities,
perform services for or solicit business from such issuer and/or have a position or effect transactions in the securities or options thereof. KAMCO may, to extent permitted by the applicable Kuwaiti law or other applicable laws and regulations, effect transactions in the securities
before this material is published to recipients. The opinions and estimates expressed herein are those of the issuer and subject to change at any time without any prior notice. Accordingly, no representation or warranty, expressed 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. KAMCO accepts no liability for any loss arising from the use of this document or its contents or otherwise arising in connection therewith. This document
should not relied upon or used in substitution for the exercise of sound judgment. KAMCO shall have no responsibility or liability whatsoever in respect of any inaccuracy in or omission from this or any other document prepared by KAMCO for, or sent by KAMCO to any entity, and
any such entity shall be responsible for conducting its own scrutiny, investigation, and analysis of the information contained or referred to in this document and of evaluating the merits and risks involved in the securities forming the subject matter of this or other such document.
Opinions and estimates constitute KAMCOs judgment and are subject to change without prior notice. Past performance is not an indicator of future results. This document does not constitute an offer or invitation to subscribe for or purchase any securities, and neither this
document nor anything contained herein shall form the basis of any contract or commitment whatsoever. This document is not an offer to sell or a solicitation to buy any securities. It is being furnished to the reader solely for his/her information and may not to be redistributed
inside Kuwait or by any jurisdiction outside Kuwait where this action is restricted by law. Entities who receive this report should make themselves aware of and adhere to any such restrictions. By accepting receipt of this report, the reader agrees to be bound by the foregoing
limitations.

Investment Research Dept., Email: KAMCO_Research@kamconline.com, P.O.Box 28873,Safat 13149 Kuwait, Tel: (+965) 1852626, Fax: (965) 22492395, http://www.kamconline.com

KAMCO Investment Company 2015