Kuwait Weekly Update Research

Market Performance: The Kuwaiti market closed on a positive note this week. The Price index was up

0.83%, closing at 6,40002 points. The Weighted index gained 5021%, closing at

25.034 points. Liquidity and activity levels declined during the week. Value traded was down 24.5% while volume declined by 25.6%. During the week the

market traded 2.39 Bn shares with a value of KWD206.6mn.

Sector Performance This week‟s traded value was derived from activities on the service sector 26.3%

contribution, followed by Investment and Real Estate with 22.3% and 19.4%,

respectively. Gulf Finance House took 6.6% of the total (KD 13.57mn), but closed down 9.5%. Abyaar Real Estate Development followed with 6.7% of the

value traded (KWD 12.08 mn); the stock gained 6.7% to 48 fils.

Loser, winners

148 companies were traded during the week out of which 62 closed positive, 56 were negative and 30 unchanged. Inovest, was the biggest gainer by booking a

return of 24.7% and closing at 53 fils. On the other side of the spectrum, Munshaat Real Estate Projects was the biggest loser; the stock declined by

15.8% to 32 fils.

Figure 1- Market performance

15th of March 2012

Layla Al-Ammar

Assistant Manager +965 2224 8281

LAmmar@markaz.com

Humoud Salah N AL Sabah

Assistant Analyst +965 2224 8530

halsabah@markaz.com

Kuwait Financial Centre S.A.K.

(“Markaz”) P.O. Box, 23444, Safat 13095 Ahmad Al-Jaber Street, Universal Tower Kuwait

Fax: +965 2245 0647 www.markaz.com/research

Kuwait Weekly Update Research

Figure 2- Sector Indicator

Kuwait Weekly Update Research

GAINERS 15-Mar 8-Mar % chg

Inovest 53.0 42.5 24.7%

IKARUS Petroleum Industrieal Co. 206.0 180.0 14.4%

Strategia Investment Co. 80.0 70.0 14.3%

Al-Deera Holding 42.5 37.5 13.3%

Palms Agro Production 96.0 86.0 11.6%

LOSERS 15-Mar 8-Mar % chg

Munshaat RE Projects 32.0 38 -15.8%

Industrial & Financial Invest. 24 28 -14.3%

KUWAIT SYRIAN HOLDING CO K S C HOLDING 27 31 -12.9%

Fujairah Cement Industries 97 110 -11.8%

Gulf Investment House 29 33 -10.8%

No. of Companies listed in KSE 205

No. of companies traded 148

Gainers 62

Losers 56

No change 30

Most Active Value KD Price % chg

Gulf Finance House 13,574,080 57 -9.5%

Abyaar RE Development 12,083,360 48 6.7%

National Bank of Kuwait 10,057,650 1,080 -10.0%

HITS Telecom Holding 10,049,080 86 8.9%

International Financial Advisors 8,256,080 58 0.0%

Date Price index

Value traded

(KD)

Sun. 11 Mar 6,154.4 39,126,120

Mon. 12 Mar 6,150.2 38,779,180

Tue. 13 Mar 6,148.6 45,153,760

Wed. 14 Mar 6,163.8 40,950,550

Thu. 15 Mar 6,200.4 42,659,110

Current week Last week

KSE cap-wtd 419.86 413.86

in week % 1.45% 0.80%

YTD % 3.51% 2.03%

KSE price-wtd 6,200.40 6,177.10

in week % 0.38% 0.71%

YTD % 6.64% 6.24%

Volume traded 2,396,575,000 3,175,000,000

Value traded 206,668,720 277,714,320

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