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Saudi Stock Market Report

2 Feb 2010

Market Snapshots
TASI Intra-day Movement

Market Commentary
The TASI slipped 0.2% amidst thin trading

The Saudi Market Index declined 0.2% to 6,243.02 amidst


directionless and lackluster trading. The market volume
dropped to an abnormally low level with just 105.85mn shares
worth SAR2.32bn changing hands. The market breadth was
negative with declining stocks dominating advancing stocks in
the ratio of 72 to 43. Sentiment continued to be negative for
the Petrochemical Sector with continuing woes about falling oil

Source: Tadawul Stock Exchange, Official Website

Market Summary

prices. The Petrochemical Index closed down 0.6% with SABIC

Index

Close

Value Traded (SAR)

dropping 1.4% to SAR85.75. Sentiment was mixed in the

2,316,035,551

Banking Sector with the Sector Index posting a minor loss of

Volume

105,853,209

0.1%. While SAMBA closed up 0.9%, Al Rajhi slipped 0.3%.

Trades

65,615

Symbols Traded

134

Market Breadth

43 : 72

Source: Tadawul Stock Exchange, Official Website

Tadawul All Share Index

and recorded a handsome gain of 9.1%. Al-Ahlia led the losers

Close

Change
%

MTD
%

YTD
%

6,243.02

-0.2

-0.2

2.0

16,241.80

-0.1

-0.1

3.6

Petrochemical Industries

5,425.31

-0.6

-0.6

0.5

Cement

3,922.95

-0.1

-0.1

0.2

Retail

4,367.06

0.4

0.4

-0.5

Energy & Utilities

4,427.15

-0.6

-0.6

5.1

Agriculture & Food Ind.

5,269.11

0.4

0.4

5.2

Telecom & IT

1,814.29

0.2

0.2

1.3

Insurance

1,087.92

0.2

0.2

0.8

Multi-Investment

2,783.99

-0.2

-0.2

14.0

Industrial Investment

4,584.91

-0.2

-0.2

-2.6

Building & Construction

3,682.08

0.1

0.1

-1.8

Real Estate Development

3,301.82

-0.1

-0.1

1.2

Transport

3,567.06

0.1

0.1

5.0

Media and Publishing

1,791.56

-0.1

-0.1

-5.4

Hotel & Tourism

5,812.92

0.0

0.0

-1.5

Banks & Financial Services

Among the large caps, Saudi Electricity closed down 0.4%


whilst STC rose 0.4%. SAICO was the top gainer of the day

Indices Summary
Index

The most active stock of the day, Alinma declined 0.8%.

and closed down 2.4%.

Source: Tadawul Stock Exchange, Official Website

Regional Market Statistics


Index

Close

Change %

Turnover
(US$ 000)

Volume (000)

No. of Trades

MTD %

YTD %

Abu Dhabi SM

2,665.04

1.2

71,082

30,537

1,613

1.2

-2.9

Dubai FM

1,624.75

2.2

192,821

85,216

4,331

2.2

-9.9

Kuwait SE

7,014.90

-0.2

322,373

177,598

4,986

-0.2

0.1

Doha SM

6,609.97

0.8

5,497

45,060

3,761

0.8

-5.0

Muscat SM

6,514.72

-0.3

10,810

14,590

2,650

-0.3

2.3

Bahrain SE

1,485.09

0.5

1,035

573

58

0.5

1.8

Source: Official websites of the Regional Stock Exchanges

Saudi Stock Market Report


2 Feb 2010

Market Movers & Shakers


Top Gainers

Top Losers

Closing
Price
(SAR)

Change
%

Volume
(mn)

SAICO

65.75

9.1

1.39

SISCO

13.90

4.1

A.Othaim Market

57.25

ACIG
Astra Indust

Company

Closing
Price
(SAR)

Change
%

Al-Ahlia

81.50

-2.4

0.32

2.64

UCA

36.90

-2.1

2.05

3.2

0.38

SANAD

26.80

-1.8

0.25

55.50

2.3

0.60

Gulf Union

26.80

-1.8

1.24

35.70

2.3

0.38

Gas&Industrialization

22.90

-1.7

0.20

Company

Volume Leaders

Value Leaders

Closing
Price
(SAR)

Change
%

Volume
(mn)

12.70

-0.8

23.88

7.45

-1.3

14.42

Emaar E .C

10.05

-1.5

8.35

Saudi Kayan

18.25

0.0

MAADEN

16.70

-1.2

Company
Alinma
Kingdom

Closing
Price
(SAR)

Change
%

Value
(SAR
mn)

Alinma

12.70

-0.8

304.26

SABIC

85.75

-1.4

149.16

Kingdom

7.45

-1.3

107.49

3.83

Al Rajhi

73.75

-0.3

90.70

2.71

SAICO

65.75

9.1

88.66

Company

Stocks consistently gaining / losing over last three


trading sessions (Top 6)

52 Week New High / Low


Closing
Price
(SAR)

Company

Volume
(mn)

New
High
(SAR)

3 Days
Avg.
Volume
(mn)

Current
Price
(SAR)

3 Days
Change
%

SAICO

65.75

14.3

0.87

Arriyadh Development

12.55

4.1

1.39

Saudi Indian

53.75

3.8

0.32

NADEC

30.50

-2.9

0.08

Jazan Development

13.40

-2.9

0.45

Al Baha

18.15

-4.3

1.69

New Low
(SAR)

Company

No stock touched new 52-week high or low

Sector Turnover (SAR mn)

Sector Volume (mn)

31.77
141.45

2.25

2.38

0.10
0.37

11.92

11.89
110.69

26.82

445.08

104.76
418.86

185.39

33.19
576.70

76.22
20.36

0.990.95
3.63
0.56
3.80
18.06
5.22
33.18

3.86

12.88

4.36
0.66

19.39

31.13
0.50
1.79
10.41
1.07
7.212.92

2.03
13.37
1.52

70.12
87.15

3.59 2.75

Banks & Financial Services

Petrochem ical Industries

Cem ent

Retail

Energy & Utilities

Agriculture & Food Industries

Telecom . & Inform ation Technology

Insurance

Multi-Investm ent

Industrial Investm ent

Building & Construction

Real Estate Developm ent

Transport

Media and Publishing

Hotel & Tourism

Source: Data pertaining to all the tables and charts in this page are taken from Tadawul Stock Exchange, Official Website

Saudi Stock Market Report


2 Feb 2010

Saudi Technical Watch

R: Resistance
S: Support

Technical Outlook

The TASI faced strong resistance

Pivot Table

PP: Pivot Point

Symbol

R2

R1

PP

S1

S2

TASI

6,281.64

6,262.33

6,247.04

6,227.73

6,212.44

at the 6,265 level, which our


previous analysis had predicted.
The Index closed below the 10

Tadawul All Shares Index

day DEMA value, which stands at


6,254. The Stochastic is in an
oversold zone, indicating a minor
upward movement. The MACD is
in a sell mode and is still trading
at the zero line, indicating that the
Index is still in a comfortable zone
and may move towards the 6,304
and 6,344 levels. A major support
for the TASI exists at the 6,212
level.

Technical Outlook

SABIC,
marginally

yesterday,
above

our

Pivot Table
Symbol

R2

R1

PP

S1

S2

SABIC

87.92

86.83

86.17

85.08

84.42

closed
given

Saudi Basic Industries Corp.

target. The MACD is in a sell


mode and is trading above the
zero line, which suggests that the
stock may take some major
support at 84.90. From a shortterm point of view, there is still
some negativity in the stock. The
Stochastic is in a sell mode and is
trading at an oversold area.
Investors may book profit at the
84.90 level.

Saudi Stock Market Report


2 Feb 2010

Saudi Technical Watch


Pivot Table
Symbol

R2

R1

PP

S1

S2

STC

44.37

44.23

43.97

43.83

43.57

Saudi Telecom Co.


STC closed above the 10 day
DEMA value, which stands at
43.96. This level is acting as a
good support for the stock. The
Stochastic is in a buy mode.
Investors may buy the stock, with
a stop loss of 43.50, for a target
of 44.50 and 45.15.

Technical Outlook

Al

Rajhi,

yesterday,

hit

Pivot Table

our

suggested stop loss of 73.60,

Symbol

R2

R1

PP

S1

S2

Al Rajhi

74.58

74.17

73.83

73.42

73.08

Al Rajhi Bank

during intra-day trade and closed


above that level. The MACD is
still in a buy mode and trading at
0.25. The Stochastic is in a sell
mode, whilst the CCI has broken
the zero level and is trading at
-9.5. Investors may accumulate
the stock at the current level, with
a stop loss of 73.50 (on a closing
basis, only), for a target of 74.70.

Saudi Stock Market Report


2 Feb 2010

Saudi Technical Watch


Technical Outlook

Pivot Table
Symbol

R2

R1

PP

S1

S2

SECO

12.12

12.03

11.97

11.88

11.82

Saudi Electricity Co.


The stock, on Monday, formed a
DOJI pattern at the upper level,
which indicates that the bulls are
not so active at the current level.
The MACD is giving a sell signal.
Investors are advised to exit from
the stock and book profits at the
current level.

Technical Outlook

MAADEN,

yesterday,

hit

Pivot Table
Symbol

R2

R1

PP

S1

S2

MAADEN

17.00

16.85

16.75

16.60

16.50

our

suggested stop loss of 16.70 and


closed at the same level. The

Saudi Arabian Mining Co.

stock closed below the 125 day


SMA value (16.86), which was
acting as a good support. The
Stochastic

is

not

moving as

expected at the current level. It is


better to exit the stock at the
current level and wait for a clearcut trend.

Saudi Stock Market Report


2 Feb 2010

GCC Technical Watch


Technical Outlook

Pivot Table
Symbol

R2

R1

PP

S1

S2

EMAAR

3.28

3.23

3.14

3.09

3.00

EMAARs movement on Monday


was very similar to how our past

Emaar Properties (Dubai Financial Market)

analysis suggested it would be.


The stock closed above the 20
day DEMA value, which stands at
3.07. The Stochastic is in a buy
mode and is still indicating a
minor

upward

movement.

Investors may buy the stock, with


a stop loss of 3.02, for a target of
3.53.

Technical Outlook

Pivot Table
Symbol

R2

R1

PP

S1

S2

ARTC

2.36

2.34

2.30

2.28

2.24

ARTC was unable to trigger


above the level of 2.34, which
was suggested in our last report.

Arabtec Holding (Dubai Financial Market)

The stock touched an intra-day


high 2.33, as against our target of
2.34. The Stochastic is in a buy
mode and the stock is trading
above the 10, 20 and 40 day
DEMAs. Investors may buy the
stock, with a stop loss of 2.18, for
a target of 2.50.

Saudi Stock Market Report


2 Feb 2010

GCC Technical Watch


Technical Outlook

Pivot Table
Symbol

R2

R1

PP

S1

S2

Dana

0.93

0.92

0.90

0.89

0.87

DANA was still trading above the


10

day

DEMA

value,

which

stands at 0.88. The Stochastic is

Dana Gas PJSC (Abu Dhabi Securities Market)

in a buy mode, suggesting a


minor upward movement. The
MACD is still in a negative mode.
The RSI is trading at 40, which
also indicates that the stock
movement will be slow, in the
near future. Investors may buy
the stock, with a stop loss of 0.88,
for a target of 0.99.

Technical Outlook

Pivot Table

IQCD touched an intra-day low of


102.80, which was slightly above

Symbol

R2

R1

PP

S1

S2

IQCD

105.80

104.60

103.70

102.50

101.60

Industries of Qatar (Doha Securities Market)

the major support level of 102.


The stock formed a DOJI pattern
at the lower level. The RSI is
trading at the 23 level, which is a
highly

oversold

zone.

The

Stochastic is still in an oversold


level. Short-term investors may
buy the stock, for a target of 105
and 108.

Saudi Stock Market Report


2 Feb 2010

GCC Technical Watch


Technical Outlook

Pivot Table
Symbol

R2

R1

PP

S1

S2

KFIN

1,107

1,093

1,067

1,053

1,027

KFIN, on Monday, closed in the


positive zone. The Stochastic is

Kuwait Finance House (Kuwait Stock Exchange)

in a buy mode, whilst the MACD


is still in a negative mode. The
CCI is trading at -25. Buying may
be witnessed above the 1,090
level. As of now, it is better to sell
the stock, with a stop loss of
1,090, for a target of 990.

Saudi Stock Market Report


2 Feb 2010
Corporate News & Announcements
Saudi developer Emaar Economic City, an affiliate of Dubai's Emaar Properties, will receive a long-term loan of
about SAR5bn from the Ministry of Finance, a source close to the deal said yesterday.

The Board of Directors of Alujain Corporation decided yesterday to appoint its member Eng. Khalid Ibrahim
Zagzoog as the Managing Director of the company effective from February 1, 2010 and for the rest of the current
board term expiring on December 31, 2011.

Saudi Stock Market Report


2 Feb 2010

Tadawul Market Performance & Valuation Table


Company

Current
Price

Change
(%)

MTD
%

YTD
%

52-Week Range

Volume
(000)

Value
(SAR 000)

Beta

Dividend
Yield (%)

PE

EPS
(SAR)

Free
Float (%)

Market Cap
(SAR mn)

14.1

2.02

48.7

42,600

Price/
Revenue

P/B

P/CF

ROA
(%)

ROE
(%)

7.3

1.5

14.7

1.7

10.7
4.2

RIBL

28.40

1.1

1.1

5.6

30.30 - 18.00

235

6,657

0.87

4.6

BJAZ

18.00

-0.3

-0.3

-6.0

26.80 - 13.65

232

4,195

1.05

2.8

N/A

N/A

67.8

5,400

4.5

1.1

19.0

0.7

SIBC

18.30

-0.3

-0.3

1.7

24.00 - 14.10

72

1,324

0.83

0.0

15.8

1.16

53.7

8,235

5.6

1.1

14.0

1.1

7.0

Saudi Hollandi

32.60

0.3

0.3

8.7

48.20 - 29.20

23

749

0.77

1.8

N/A

N/A

29.3

10,782

5.0

1.8

11.9

1.3

13.8

Saudi Fransi

41.50

-1.2

-1.2

2.0

50.25 - 32.67

38

1,580

0.92

2.4

12.2

3.42

54.7

30,013

6.9

1.9

10.6

2.2

17.3

SABB

48.90

0.0

0.0

12.7

61.50 - 39.00

88

4,332

0.79

1.8

18.1

2.71

32.9

36,675

7.1

2.8

13.2

2.1

20.3

Arab National

43.80

-0.5

-0.5

3.3

51.00 - 25.70

55

2,412

1.03

2.3

12.0

3.65

49.1

28,470

6.6

2.0

10.6

2.2

18.0

SAMBA

53.75

0.9

0.9

6.4

61.50 - 38.70

321

17,222

0.83

3.1

10.6

5.07

50.6

48,375

6.7

2.2

10.3

2.5

21.0

Al Rajhi

73.75

-0.3

-0.3

3.5

80.00 - 40.60

1,228

90,700

1.12

3.7

16.4

4.51

49.5

110,625

9.7

4.1

15.7

4.1

24.6

AL Bilad

18.05

0.3

0.3

-13.6

26.60 - 17.60

647

11,655

0.81

0.0

N/A

N/A

77.2

5,415

6.1

1.6

36.2

0.1

0.7

Alinma

12.70

-0.8

-0.8

0.0

14.55 - 10.00

23,884

304,257

0.88

0.0

86.0

0.15

69.9

19,050

N/A

1.2

N/A

1.3

1.4

CHEMANOL

15.20

-0.3

-0.3

-1.3

18.75 - 10.10

290

4,428

0.85

0.0

83.1

0.18

50.0

1,833

4.6

1.3

34.3

0.7

1.6

Petrochem

14.60

0.0

0.0

-6.1

17.40 - 10.00

581

8,492

1.07

0.0

N/A

N/A

17.5

7,008

N/A

1.5

N/A

0.0

-0.1

SABIC

85.75

-1.4

-1.4

3.9

91.75 - 33.60

1,730

149,155

1.32

1.7

28.4

3.02

22.6

257,250

2.5

2.4

55.0

3.1

8.4

SAFCO

126.00

0.8

0.8

4.1

129.00 - 85.50

144

18,047

1.03

10.3

17.1

7.38

37.3

31,500

11.7

4.5

13.7

21.0

26.1

Industrialization

26.90

0.0

0.0

-4.3

31.90 - 12.30

228

6,131

1.20

3.7

23.6

1.14

79.9

12,392

1.1

1.6

10.1

1.6

6.8

Alujain

17.00

-0.3

-0.3

-0.9

23.50 - 9.25

103

1,756

1.20

0.0

N/A

N/A

85.1

1,176

N/A

2.3

N/A

-0.8

-5.3

Nama Chemicals

10.05

0.0

0.0

-6.9

13.50 - 7.65

756

7,619

1.14

0.0

N/A

N/A

100.0

1,292

3.2

0.8

N/A

-1.4

-2.2

SIIG

21.25

-0.5

-0.5

-2.3

26.40 - 9.80

242

5,162

1.23

0.0

33.6

0.63

88.5

9,563

2.5

1.7

62.8

1.4

5.2

Sahara Petrochemical

20.20

0.0

0.0

-4.5

23.10 - 9.41

628

12,696

1.26

0.0

76.8

0.26

90.0

5,909

N/A

1.8

N/A

1.3

2.3

YANSAB

33.80

-0.6

-0.6

1.2

37.00 - 14.55

1,097

37,154

1.25

0.0

N/A

N/A

39.7

19,013

N/A

3.4

N/A

-0.1

-0.2

Sipchem

22.70

-0.2

-0.2

-4.8

24.80 - 14.70

201

4,569

1.13

4.4

53.7

0.42

82.1

7,567

9.1

1.3

26.6

1.2

2.4

Advanced

23.35

0.2

0.2

-6.2

29.10 - 13.65

481

11,187

1.21

4.3

26.0

0.90

95.7

3,301

2.3

2.0

16.1

3.7

7.6

Saudi Kayan

18.25

0.0

0.0

0.3

20.25 - 9.15

3,833

70,072

1.21

0.0

N/A

N/A

41.1

27,375

N/A

1.8

N/A

0.0

0.0

Petro Rabigh

32.30

1.9

1.9

-9.0

39.50 - 14.95

2,570

82,391

1.45

0.0

N/A

N/A

17.4

28,295

1.0

3.6

N/A

-2.7

-18.3

Arab Cement

42.10

0.2

0.2

-3.2

51.50 - 31.10

22

925

0.72

7.1

19.6

2.15

71.2

3,368

4.6

1.5

8.3

4.5

7.6

Yamamah Cement

49.90

-1.2

-1.2

5.3

52.00 - 28.10

147

7,308

0.75

6.0

12.0

4.16

87.4

6,737

5.8

2.2

13.1

15.2

18.4

Source: Tadawul Stock Exchange, Official Website

10

Saudi Stock Market Report


2 Feb 2010

Tadawul Market Performance & Valuation Table


Company

Current
Price

Change
(%)

MTD
%

YTD
%

52-Week Range

Volume
(000)

Value
(SAR 000)

Beta

Dividend
Yield (%)

PE

EPS
(SAR)

Free
Float (%)

Market Cap
(SAR mn)

Price/
Revenue

P/B

P/CF

ROA
(%)

ROE
(%)

7.9

11.9

19.1

Saudi Cement

59.00

2.2

2.2

2.6

72.75 - 45.90

187

11,045

0.79

5.9

10.2

5.77

86.4

6,018

4.5

2.0

Qassim Cement

68.50

-0.4

-0.4

-1.4

76.00 - 37.13

39

2,702

0.74

5.8

10.1

6.76

51.3

6,165

6.2

3.4

5.0

27.0

33.1

Southern Cement

66.25

-0.4

-0.4

-1.1

69.50 - 46.40

42

2,767

0.64

7.5

12.8

5.17

44.2

9,275

7.0

3.9

10.8

26.7

31.1

Yanbu Cement

48.10

-1.0

-1.0

-0.8

56.75 - 35.10

129

6,219

0.67

8.3

10.5

4.58

52.5

5,051

5.4

2.1

8.1

17.0

19.9

Eastern Cement

47.40

0.0

0.0

-4.8

51.00 - 37.80

13

607

0.59

6.3

11.6

4.08

68.1

4,076

5.2

2.0

8.9

15.1

17.3

Tabuk Cement

18.85

-0.5

-0.5

-2.6

23.30 - 16.30

86

1,618

0.68

6.6

14.0

1.35

94.7

1,697

6.4

1.5

10.6

9.5

11.0

A.Othaim Market

57.25

3.2

3.2

12.8

66.50 - 30.00

378

21,291

0.80

2.6

16.6

3.44

51.0

1,288

0.4

3.8

10.5

6.3

22.6

Mouwasat

58.75

0.9

0.9

-4.1

65.00 - 51.50

66

3,894

0.47

1.7

13.7

4.28

30.0

1,469

3.0

3.2

10.8

15.1

23.3

SASCO

12.95

-0.4

-0.4

-3.4

17.65 - 10.75

359

4,669

0.95

0.0

17.2

0.75

100.0

583

3.1

1.2

15.8

6.1

6.8

Thim'ar

40.00

-1.5

-1.5

-6.5

48.10 - 16.85

706

28,695

0.98

0.0

N/A

N/A

100.0

400

3.0

5.7

N/A

-10.3

-14.7

Fitaihi Group

13.95

-0.4

-0.4

-5.7

22.30 - 10.50

250

3,492

0.95

0.0

65.7

0.21

79.5

698

4.5

1.1

49.2

1.5

1.7

134.25

0.6

0.6

0.4

139.00 - 111.00

40

5,365

0.61

5.0

14.4

9.35

87.9

5,370

2.1

7.4

14.6

29.9

51.7

Aldrees

37.70

-0.3

-0.3

-0.3

47.00 - 21.35

18

682

0.95

4.0

13.7

2.76

100.0

943

0.7

2.7

9.4

9.4

19.9

AlHokair

35.70

0.6

0.6

-3.3

39.50 - 21.30

113

4,032

1.10

9.8

11.4

3.14

51.0

2,499

1.3

2.3

8.5

12.2

20.2

Alkhaleej Trng

42.10

-0.5

-0.5

2.9

57.00 - 28.67

97

4,101

1.01

1.2

15.0

2.81

41.3

632

1.8

2.8

10.1

9.9

18.5

Gas&Industrialization

22.90

-1.7

-1.7

-2.1

25.00 - 18.10

196

4,507

0.85

6.6

18.7

1.22

68.2

1,718

1.1

1.7

11.3

6.7

9.1

Saudi Electricity

11.95

-0.4

-0.4

6.2

12.50 - 9.20

1,326

15,855

0.56

5.9

42.8

0.28

17.2

49,791

2.1

1.0

5.8

0.8

2.4

SAVOLA Group

33.30

0.3

0.3

10.3

33.70 - 16.50

215

7,155

0.95

3.0

17.5

1.90

73.9

16,650

0.9

2.4

14.1

5.5

13.7

Food

19.70

0.0

0.0

-1.3

26.00 - 11.90

242

4,762

1.11

0.0

68.6

0.29

100.0

394

5.5

2.2

32.6

2.9

3.2

Jarir

SADAFCO

42.20

-0.9

-0.9

0.0

46.20 - 17.55

95

4,033

0.99

3.6

15.6

2.71

58.2

1,372

1.4

2.3

15.7

10.3

14.9

171.00

1.2

1.2

3.6

182.00 - 135.00

61

10,407

0.82

2.3

17.9

9.54

44.8

19,665

3.4

3.7

12.9

10.0

20.4

Anaam Holding

64.00

-1.5

-1.5

6.7

84.50 - 29.70

201

12,976

0.90

0.0

N/A

N/A

100.0

698

10.7

6.2

N/A

-3.3

-6.7

HB

30.40

-1.0

-1.0

-4.1

48.00 - 18.80

209

6,368

0.75

4.9

19.6

1.55

44.5

869

1.4

1.9

12.9

7.9

9.5

NADEC

30.50

-0.7

-0.7

-9.5

43.00 - 27.30

77

2,348

0.80

2.5

N/A

N/A

48.8

1,830

1.4

1.9

10.1

-1.5

-3.9

9.95

-0.5

-0.5

-3.4

13.50 - 8.25

431

4,310

0.99

0.0

N/A

N/A

100.0

498

5.9

1.2

52.4

-1.2

-1.7

26.40

1.2

1.1

-1.1

31.20 - 17.25

192

5,014

1.05

1.9

75.0

0.35

72.5

528

3.1

1.4

13.4

1.7

1.9

Almarai

Qassim Agriculture
Tabuk Agriculture

Source: Tadawul Stock Exchange, Official Website

11

Saudi Stock Market Report


2 Feb 2010

Tadawul Market Performance & Valuation Table


Current
Price

Change
(%)

MTD
%

YTD
%

52-Week Range

Volume
(000)

Value
(SAR 000)

Beta

Dividend
Yield (%)

PE

EPS
(SAR)

Free
Float
(%)

Saudi Fisheries

54.75

-1.4

-1.4

4.3

70.25 - 28.60

285

15,730

1.07

0.0

N/A

N/A

38.5

1,095

Sharqiya Dev Co

35.60

-0.3

-0.3

-6.1

60.25 - 18.15

103

3,682

1.09

0.0

N/A

N/A

100.0

Jouff Agriculture

35.70

0.0

0.0

-1.1

39.60 - 18.50

81

2,899

0.94

5.6

11.4

3.14

95.2

Bishah Agriculture

77.50

0.0

0.0

0.0

77.50 - 0.00

0.00

0.0

16.0

4.84

100.0

Jazan Development

13.40

-0.7

-0.7

-0.4

14.20 - 8.95

559

7,470

0.97

3.7

N/A

N/A

98.8

STC

44.10

0.5

0.5

0.0

57.25 - 33.70

425

18,672

0.74

6.8

8.2

5.41

Etihad Etisalat

45.00

0.0

0.0

3.7

49.10 - 31.00

416

18,702

0.92

2.8

10.5

4.31

9.90

0.0

0.0

-2.5

13.45 - 9.80

1,882

18,663

0.74

0.0

N/A

Atheeb Telecom

16.20

0.9

0.9

0.3

20.50 - 10.00

865

14,083

0.71

0.0

Tawuniya

79.25

2.3

2.3

10.5

82.00 - 26.80

899

71,627

0.98

Malath Insurance

25.10

-0.4

-0.4

-4.6

40.00 - 19.35

201

5,073

0.71

MEDGULF

25.30

-1.2

-1.2

3.3

30.40 - 14.50

454

11,570

ALLIANZSF

77.50

0.3

0.3

-2.5

102.25 - 51.50

175

SALAMA

54.75

1.9

1.9

4.3

80.50 - 31.60

441

Walaa Insurance

25.60

-1.5

-1.5

-4.5

39.40 - 16.15

Arabian Shield

26.60

-0.4

-0.4

-2.9

SABB Takaful

30.70

-0.3

-0.3

-8.6

SANAD

26.80

-1.8

-1.8

-1.8

58.50 - 15.30

SAICO

65.75

9.1

9.1

-6.1

98.00 - 29.30

Saudi Indian

53.75

1.9

1.9

2.4

71.75 - 29.10

Gulf Union

26.80

-1.8

-1.8

-6.3

37.00 - 14.55

111.25

-0.2

-0.2

12.4

247.00 - 55.00

Al-Ahlia

81.50

-2.4

-2.4

7.6

ACIG

55.50

2.3

2.3

AICC

25.60

-1.5

-1.5

Trade Union

23.40

-1.3

-1.3

Sagr Insurance

54.25

-0.5

-0.5

Company

ZAIN KSA

ATC

P/B

P/CF

ROA
(%)

ROE
(%)

9.3

8.1

N/A

-15.3

-21.1

267

8.3

3.2

15.7

-4.1

-5.6

714

2.7

1.3

6.6

10.9

11.7

388

N/A

6.9

N/A

N/A

N/A

670

16.0

1.0

N/A

0.6

0.7

16.3

88,200

1.7

1.7

5.4

9.9

21.3

58.5

31,500

2.4

2.6

7.3

9.7

24.6

N/A

45.0

13,860

4.6

1.6

N/A

-11.1

-35.9

N/A

N/A

35.0

1,620

N/A

N/A

N/A

N/A

N/A

2.5

13.4

5.93

53.4

3,963

1.8

2.8

N/A

4.2

21.0

0.0

N/A

N/A

47.5

753

4.5

3.0

N/A

1.0

2.9

1.03

0.0

13.8

1.83

25.0

2,024

1.5

2.2

25.5

4.9

15.8

13,669

1.02

0.0

N/A

N/A

31.0

775

5.4

0.0

N/A

0.0

-0.1

24,060

1.16

0.0

44.9

1.22

40.0

548

2.6

7.2

N/A

4.8

16.0

209

5,410

1.06

0.0

N/A

N/A

40.0

512

10.9

3.1

N/A

-4.2

-9.1

41.30 - 15.50

248

6,680

0.99

0.0

65.7

0.40

40.0

532

5.6

2.6

N/A

1.8

4.0

73.75 - 20.28

110

3,383

0.88

0.0

N/A

N/A

35.0

1,044

15.0

3.2

N/A

-2.1

-5.0

246

6,669

0.92

0.0

N/A

N/A

40.0

536

6.4

3.4

N/A

-3.5

-9.3

1,386

88,656

1.20

0.0

N/A

N/A

40.0

658

52.3

8.1

N/A

-4.1

-10.3

382

20,497

1.04

0.0

N/A

N/A

40.0

538

13.0

9.4

N/A

-12.0

-36.2

1,236

33,618

1.05

0.0

N/A

N/A

40.0

590

N/A

3.1

N/A

-1.0

-1.0

97

10,819

0.85

0.0

N/A

N/A

26.5

1,113

388.2

14.5

N/A

-3.2

-6.5

110.00 - 28.80

324

26,520

1.17

0.0

N/A

N/A

40.0

815

48.6

16.0

N/A

-17.5

-62.6

2.8

117.00 - 29.00

596

33,044

1.04

0.0

N/A

N/A

40.0

555

564.6

12.4

N/A

-27.8

-53.1

-8.2

35.90 - 17.55

244

6,306

1.20

0.0

N/A

N/A

40.0

512

N/A

3.3

N/A

-6.0

-8.1

-2.7

40.70 - 14.10

578

13,660

1.02

0.0

N/A

N/A

42.0

585

N/A

2.4

N/A

0.1

0.1

1.4

85.00 - 23.80

451

24,345

0.46

0.0

N/A

N/A

42.0

1,085

N/A

5.4

N/A

-0.5

-0.5

Source: Tadawul Stock Exchange, Official Website

12

Market Cap
(SAR mn)

Price/
Revenue

Saudi Stock Market Report


2 Feb 2010

Tadawul Market Performance & Valuation Table


Company

Current
Price

Change
(%)

MTD
%

YTD
%

11.8

UCA

36.90

-2.1

-2.1

Saudi Re

11.70

-1.7

-1.7

Bupa Arabia

24.90

0.2

0.2

Weqaya Takaful

38.40

-0.5

-0.5

ARCCI

60.50

-1.2

-1.2

ACE

56.25

-0.9

AXA-Cooperative

29.40

-0.7

ALALAMIYA

34.80

SARCO

47.90

Saudi Advanced

13.85

Al Ahsa for Dev.

10.10

SISCO

13.90

Assir

52-Week Range

Volume
(000)

Value
(SAR 000)

Beta

Dividend
Yield (%)

41.70 - 17.50

2,054

75,571

0.85

0.0

0.4

14.60 - 8.60

564

6,625

0.58

0.0

-1.6

29.10 - 13.50

312

7,795

0.77

0.0

-22.7

54.75 - 10.00

478

18,348

0.29

0.0

-6.2

104.75 - 58.75

101

6,155

0.89

0.0

-0.9

2.3

94.75 - 10.00

162

9,205

1.02

-0.7

-4.2

49.70 - 10.00

421

12,419

0.95

-0.9

-0.9

43.00 - 32.90

996

34,971

0.2

0.2

-3.8

63.75 - 37.30

120

0.0

0.0

-1.1

16.00 - 9.40

-0.5

-0.5

-6.5

14.35 - 9.50

4.1

4.1

-6.4

15.25

-0.7

-0.7

Al Baha

18.15

-1.1

Kingdom

7.45

BCI
MAADEN

PE

Free
Float (%)

Market Cap
(SAR mn)

Price/
Revenue

P/B

P/CF

ROA
(%)

ROE
(%)

-0.5

N/A

40.0

738

N/A

4.0

N/A

-0.5

N/A

N/A

40.0

1,170

89.0

1.2

N/A

0.4

0.5

17.1

1.46

40.0

996

0.8

2.3

N/A

4.1

13.2

N/A

N/A

40.0

768

N/A

N/A

N/A

N/A

N/A

N/A

N/A

30.0

1,210

N/A

N/A

N/A

N/A

N/A

0.0

N/A

N/A

40.0

563

N/A

N/A

N/A

N/A

N/A

0.0

N/A

N/A

40.0

588

N/A

N/A

N/A

N/A

N/A

0.00

0.0

N/A

N/A

30.0

696

N/A

N/A

N/A

N/A

N/A

5,765

1.07

0.6

N/A

N/A

100.0

719

N/A

1.9

N/A

0.7

0.7

321

4,470

1.03

3.6

17.0

0.81

89.3

598

15.0

0.8

20.6

4.5

4.5

346

3,505

1.06

0.0

N/A

N/A

100.0

495

30.5

1.2

N/A

0.6

0.9

16.85 - 8.75

2,636

36,845

1.04

0.0

N/A

N/A

83.1

945

6.9

1.3

N/A

0.0

0.1

0.3

19.00 - 9.80

393

6,003

1.13

4.9

24.3

0.63

50.1

1,927

1.1

0.8

N/A

2.3

3.3

-1.1

0.8

24.35 - 10.50

1,161

21,308

1.05

0.0

N/A

N/A

100.0

272

N/A

2.7

N/A

-4.5

-5.6

-1.3

-1.3

58.5

7.85 - 3.45

14,418

107,492

0.81

0.0

N/A

N/A

5.0

46,935

10.9

1.9

N/A

0.8

1.6

31.20

-0.6

-0.6

3.3

33.92 - 16.80

84

2,634

0.90

4.8

14.6

2.13

78.6

858

1.7

2.4

11.4

10.1

16.7

16.70

-1.2

-1.2

-3.5

19.85 - 10.45

2,711

45,450

1.35

0.0

38.3

0.44

36.1

15,448

24.3

0.9

55.1

1.4

2.4

Astra Indust

35.70

2.3

2.3

1.1

39.00 - 18.30

375

13,251

1.07

1.4

12.9

2.76

31.1

2,646

2.6

1.7

13.0

9.9

11.8

Pharmaceutical

30.50

0.3

0.3

1.3

34.36 - 18.99

73

2,206

0.99

3.8

15.5

1.97

65.0

2,392

2.5

1.1

11.2

5.7

7.0

Glass

29.70

-0.7

-0.7

-2.6

36.70 - 24.90

102

3,036

1.02

5.1

16.3

1.82

76.6

743

6.1

1.6

13.5

8.9

10.0

FIPCO

35.50

0.3

0.3

-14.9

45.70 - 19.37

441

15,718

1.03

0.8

20.6

1.72

85.3

408

3.0

3.2

10.6

11.9

15.7

Maadaniyah

23.20

-0.4

-0.4

-8.3

32.40 - 17.52

97

2,261

1.05

1.7

38.2

0.61

64.5

593

1.9

1.7

N/A

3.2

4.5

Saudi Chemical

40.60

0.7

0.7

-1.9

43.80 - 20.00

236

9,548

0.94

0.0

8.5

4.75

97.0

2,568

1.6

2.1

8.6

12.7

24.3

SPM

51.50

0.5

0.5

-4.6

62.25 - 43.00

137

7,010

0.92

1.9

16.4

3.13

49.9

1,545

2.8

3.0

12.6

6.9

18.4

AlAbdullatif

41.00

0.0

0.0

-1.0

51.00 - 35.50

14

589

0.04

2.9

19.7

2.08

30.0

3,331

3.3

2.4

13.1

10.6

12.2

Saudi Export

33.20

0.0

0.0

-8.5

56.00 - 23.50

92

3,052

1.11

3.0

N/A

N/A

100.0

359

3.5

3.5

N/A

-4.3

-5.4

MMG

21.50

0.2

0.2

-10.4

36.24 - 21.35

507

10,888

0.79

3.7

66.7

0.32

46.2

2,688

1.2

1.5

8.0

1.3

2.2

32.10

-0.6

-0.6

-5.9

36.70 - 10.00

590

18,964

0.97

6.2

14.5

2.21

31.4

1,637

3.0

1.8

N/A

10.8

11.8

SSP

Source: Tadawul Stock Exchange, Official Website

13

N/A

EPS
(SAR)

Saudi Stock Market Report


2 Feb 2010

Tadawul Market Performance & Valuation Table


Company

SCERCO

Current
Price

Change
(%)

MTD
%

YTD
%

52-Week Range

117.75

0.4

0.4

4.9

145.00 - 70.75

Volume
(000)

65

Beta

Dividend
Yield (%)

PE

EPS
(SAR)

Free
Float
(%)

7,568

0.94

2.5

14.9

7.89

63.6

2,944

Value
(SAR 000)

Market Cap
(SAR mn)

Price/
Revenue

P/B

P/CF

ROA
(%)

ROE
(%)

3.2

3.6

11.0

11.0

22.8
18.7

NGCO

39.90

0.0

0.0

4.2

52.25 - 33.40

93

3,708

0.99

6.3

14.3

2.80

53.9

1,264

6.2

2.7

10.5

14.1

SCACO

21.65

-0.2

-0.2

-11.6

36.30 - 17.00

589

12,762

1.13

3.5

15.8

1.37

81.2

1,645

0.7

1.3

10.9

3.1

8.0

SIDC

8.95

-0.6

-0.6

-2.2

12.40 - 7.65

496

4,469

1.06

0.0

N/A

N/A

100.0

358

1.6

1.2

24.8

-0.7

-1.2

SAAC

21.10

-0.2

-0.2

-8.5

27.10 - 14.00

473

9,998

1.12

2.4

12.0

1.75

87.5

2,437

0.7

1.5

4.4

5.0

12.3

APC

30.30

-0.3

-0.3

0.0

44.10 - 26.40

47

1,428

1.12

5.0

38.6

0.79

85.8

954

2.2

1.3

16.0

1.8

3.4

ZIIC

59.50

-0.4

-0.4

6.7

64.75 - 36.40

81

4,854

1.08

2.5

11.6

5.12

75.6

2,678

0.6

2.2

8.8

5.0

19.2

BABTAIN

36.00

0.8

0.8

4.3

50.50 - 33.30

359

12,938

0.97

4.2

13.3

2.70

100.0

1,458

1.4

2.5

10.0

9.7

19.0

SVCP

49.30

-0.4

-0.4

19.7

54.25 - 37.50

70

3,456

1.04

4.6

17.4

2.84

56.0

740

3.3

3.4

14.2

8.9

19.6

MESC

31.50

1.3

1.3

-10.5

46.80 - 24.60

359

11,290

1.14

3.2

24.7

1.28

48.0

1,260

1.2

2.0

18.2

3.0

8.0

RSH

61.00

1.2

1.2

-0.4

80.25 - 56.25

137

8,362

0.97

3.3

14.8

4.12

30.0

1,830

2.1

2.6

9.7

13.4

17.8

SRECO

24.45

0.0

0.0

-5.2

30.40 - 17.15

144

3,526

1.04

4.1

32.0

0.76

30.6

2,934

17.1

1.0

28.2

2.9

3.0

TIRECO

16.40

0.0

0.0

-2.4

19.70 - 14.10

47

765

0.88

7.3

35.8

0.46

69.0

2,460

11.1

0.9

21.8

2.0

2.5

MCDCO

28.50

0.4

0.4

5.9

34.70 - 23.40

113

3,207

0.82

4.2

23.0

1.21

83.5

4,697

17.3

1.2

18.8

4.8

5.1

ADCO

12.55

0.8

0.8

4.6

14.25 - 9.05

1,192

14,950

0.96

4.0

13.5

0.93

99.9

1,255

8.1

0.9

12.0

5.8

6.5

EMAAR.TASI

10.05

-1.5

-1.5

4.7

12.35 - 7.60

8,348

85,085

1.18

0.0

N/A

N/A

30.0

8,543

28.7

1.1

N/A

-3.1

-3.6

JABALOMAR

19.25

-0.3

-0.3

2.1

21.70 - 16.80

1,044

20,031

0.66

0.0

N/A

N/A

27.0

12,924

N/A

1.9

N/A

-0.5

-0.5

DARALARKAN

13.90

0.0

0.0

-1.1

19.00 - 11.47

1,000

13,890

0.60

10.8

7.1

1.97

61.5

15,012

2.7

1.1

6.9

9.0

15.0

NSCSA

18.90

0.3

0.3

6.5

20.00 - 15.05

642

12,133

1.00

5.3

16.4

1.15

66.4

5,954

3.6

1.2

7.7

3.5

7.3
2.3

SAPTCO

8.40

-0.6

-0.6

2.4

9.70 - 7.40

1,327

11,185

0.86

6.0

33.4

0.25

83.6

1,050

1.4

0.8

5.6

1.7

SLTCO

20.20

-0.5

-0.5

-7.6

28.00 - 12.10

220

4,465

1.01

0.0

66.2

0.30

100.0

364

7.0

2.1

20.8

2.5

3.2

BUDGET

65.25

0.8

0.8

8.3

75.50 - 37.60

61

3,986

0.99

3.1

13.9

4.69

43.6

1,194

2.5

2.9

3.8

11.3

21.1

TAPRCO

23.25

-1.3

-1.3

-6.4

37.60 - 17.00

80

1,863

0.99

5.2

64.4

0.36

100.0

349

3.1

1.6

12.2

1.8

2.5

SRMG

26.10

0.0

0.0

-6.8

35.30 - 25.50

16

428

0.75

7.7

40.8

0.64

60.5

2,088

2.1

1.6

16.3

2.4

4.0

SPPC

16.40

0.3

0.3

-0.6

22.05 - 16.25

84

0.82

9.1

13.1

1.25

47.5

984

2.7

1.3

9.0

7.3

9.7

SHARCO

30.60

0.3

0.3

0.0

35.20 - 21.10

47

1,456

0.87

3.9

5.6

5.51

52.7

2,112

2.9

1.3

5.1

20.7

23.4

TECO

32.40

-1.2

-1.2

-6.1

45.90 - 22.60

320

10,461

0.94

0.0

N/A

N/A

100.0

329

22.1

4.7

N/A

-3.2

-3.4

Source: Tadawul Stock Exchange, Official Website

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Saudi Stock Market Report


2 Feb 2010

Definition - Technical Indicators


Candlestick Patterns, DOJI
DOJI is a form of candlestick pattern. It normally suggests major up and down movements. Trading above the DOJI is positive for the
market. Trading below the DOJI value indicates bearish momentum.
Hammer
A small body (white or black) near the high with a long lower shadow with little or no upper shadow. This indicates a bullish pattern
during a downtrend.
Inverse-black-hammer: a bottom reversal signal with confirmation the next trading day.
Moving Average, SMA (Simple Moving Average)
Normally we use the 10, 20, 50 and 125 day SMA to identify the trend. A cross-over of the short-term moving average with the longterm moving average is positive for the market. The reverse is the case on the negative side.
DEMA - Double-smoothed Exponential Moving Average
We use the 10, 20 and 40 DEMA to identify a trend. A cross-over of the 10 and 20 DEMA gives a positive indication. A cross-over of
the 20 and 10 DEMA gives a negative indication. As long as a stock or index trades above the 40 DEMA, this gives a positive
indication for the stock or index. Trading below the 40 DEMA may create downside for a short time.
MACD - Moving Average Convergence and Divergence
The MACD has its own line period and another signal line; the dotted line indicates the signal line. When the MACD crosses the
signal line from below and trades above it, it gives a positive indication. The reverse is the situation for a bearish trend.
RSI - Relative Strength Index
When the RSI remains below 30, it indicates that a market or sttock is in oversold territory. When the RSI is above 70, it indicates
that the market/stock is in an overbought level.
Price ROC
When the Price ROC is above zero it gives positive signals for an index or stock. When the price ROC is below zero, it gives a
negative signal for the index or stock.
Stochastic Oscillators
When Stochastic Oscillators are below zero, the stock is in an oversold zone and some bounce back is expected. When Stochastic
Oscillators are above zero, the stock is in an overbought zone and some correction is expected.
Williams %R
When Williams %R is above zero, the stock is in an overbought zone and some correction is expected. When Williams %R is below
zero, the stock is in an oversold zone and some bounce back is expected.
CCI (Commodity Channel Index)
While the CCI was originally designed for commodities, the indicator also works very well with stocks and mutual funds.
There are two methods of interpreting the CCI:
1. Looking for divergences: A popular method of analyzing the CCI is to look for divergences in which the underlying security is
making new highs while the CCI is failing to surpass its previous highs. This classic divergence is usually followed by a correction in
the security's price.
2. As an overbought/oversold indicator
The CCI usually oscillates between +/-100. Readings outside these ranges imply an overbought/oversold condition.
Fibonacci Retracements
Fibonacci Retracements are based on a trend line that we draw between a significant trough and peak. If the trend line is rising, the
retracement lines will project downward; if the trend line is falling, the retracement lines will project upward. The number of Fibonacci
Retracement levels appearing on the chart depends on the range of the y-axis. If we want to see all nine retracement levels, we may
need to manually adjust the minimum and maximum values of the y-axis. Major Fibonacci Levels are 23.6%, 38.2%, 50%, 61.8%
and 100%.

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Saudi Stock Market Report


2 Feb 2010
Whipsaw
A whipsaw is a situation in which a share price heads in one direction, but then is followed quickly by a movement in the opposite
direction. The origin of the term is the push and pull action used by lumberjacks to cut wood with a type of saw of the same name.
Gravestone Doji
In a Japanese Candle Stick chart, this is a doji candle where prices rallied but came back and closed at the level they started; the
open and close are equal.

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Disclaimer
Information and views expressed in this report are subject to change without notice. While proper care has been taken in the
preparation of this report, we do not represent that the information contained herein is accurate, complete or free of any
errors. As such, Al Rajhi Bank or its employees can not be held liable for any losses arising from the use of this document.
This report is prepared for your information from the sources believed to be reliable and is not an offer to buy or sell
security or enter into any agreement. Al Rajhi Bank, its affiliates, subsidiaries and employees may have a position in the
financial instruments mentioned in this report. This document or its content is not to be distributed in jurisdictions outside
the Kingdom of Saudi Arabia where its distribution is restricted by law.

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