| 9/6/2010 |
 |
|
 |
The Technical Trader - 06Sept2010
The TASI ended the day with a marginal loss at 6,269.36. Although during intraday session, the index tested 6,250 levels but bounced back indicating support here. |
|
|
|
|
|
KSA Investor Tracker - Sept 2010
• The General Organization for Social Insurance (GOSI) made no stake increases during the month of August. |
|
|
|
|
| 9/5/2010 |
|
|
|
The Technical Trader - 05Sept2010
The TASI started the week on a positive note to end the day with a gain of 116 points, or 1.88%, at 6,274.71, tracking positive global cues. The index closing above its key resistance level of 6,250 indicates positive trading interest. |
|
|
|
|
|
NCBC Petrochemical Tracker - September 2010
Oil could not sustain the uptrend witnessed in July, as it shed 5.4% during August. Natural gas was the worst hit of the oils/gasses, falling 21.9% during August, and is now down 37.8% on a YTD basis. |
|
|
|
|
|
Quant Analysis - KSA Value Picks Portfolio Rebalancing
Over the last 3 months (since 09 June 2010), the Value Picks Portfolio has returned 1.8% versus -0.1% for the TASI, leading to outperformance of 1.9%. |
|
|
|
|
|
Quant Analysis - KSA Dividend Picks Portfolio Rebalancing
Over the last 3 months (since 09 June 2010), the Dividend Picks Portfolio has risen 2.6%, while the TASI lost 0.1%.
|
|
|
|
|
| 9/4/2010 |
|
|
|
The Technical Trader - 04Sept2010
On the last trading day of the week, the TASI ended with a gain of 53 points, or 0.86%, at 6,158.99. Led by sustained buying through the day, the index closed above its short-term moving averages indicating returning buying interest. |
|
|
|
|
|
The Week That Was - 04Sept2010
The current global crisis has seen considerable continuity in economic policy and key economic indicators in much of the Gulf region. |
|
|
|
|
|
GCC Capital Market Review - Sept2010
The GCC capital markets have shown considerable resilience throughout the global economic crisis. Despite a number of defaults, strong fundamentals and prudent provisioning have supported region banks during the turbulence. |
|
|
|
|
| 9/1/2010 |
|
|
|
The Technical Trader - 01Sept2010
After two day’s of losses, the TASI ended with a gain of 35 points, or 0.57%, at 6,106.42. The index recovered more than 50 points from its intraday lows and closed above its key resistance level of 6,100 indicating positive bias among traders. |
|
|
|
|
| 8/31/2010 |
|
|
|
The Technical Trader - 31Aug2010
Lackluster trading pattern continued to engulf the TASI led by which it closed with a loss of 14 points, or 0.23%, at 6,071.72. |
|
|
|
|
|
KSA Cement Sector Update - August 2010
With poor numbers reported for 2Q10, coupled with the latest monthly data continuing to be sluggish, we remain cautious on the KSA cement sector with Yamama our only Overweight. |
|
|
|
|
| 8/30/2010 |
|
|
|
The Technical Trader - 30Aug2010
The TASI carried forward its Saturday’s gain to close at 6,085.67, up 30 points, or 0.50%. The index continues to trade sideways as indicated by lower value traded and a narrow trading range. |
|
|
|
|
| 8/29/2010 |
|
|
|
The Technical Trader - 29Aug2010
The TASI ended its two-day losing streak to start the week on a positive note to close at 6,055.54, up 54 points, or 0.90%. The index managed to close above its key support level of 6,000. |
|
|
|
|
| 8/28/2010 |
|
|
|
The Technical Trader - 28Aug2010
On the last trading day of the week, the TASI continued its losing streak to end the day at 6,001.24, down 17 points, or 0.28%. |
|
|
|
|
| |
| More documents... |
|
| 8/31/2010 |
|
|
|
Yanbu - Company Update - Neutral - TP:SR42.4
We remain Neutral on the stock as we continue to be cautious on the fundamental outlook for Yanbu Cement. |
|
|
|
|
|
Eastern Cement - Company Update - Neutral - TP:SR43.3
We remain Neutral on the stock based on the muted outlook for the company. |
|
|
|
|
|
Qassim Cement - Company Update - Neutral - TP:SR67.4
With a mixed outlook, we remain Neutral on QCC. A strategy of keeping prices stable in the face of pricing pressure in the sector has led to weak volume and profitability growth. |
|
|
|
|
|
Yamama Cement - Company Update - Overweight - TP:SR61.0
We maintain our Overweight rating on Yamama Cement with upside of 19%. 2Q10 net income growth of 16%, the highest in the sector for two quarters running, supports our positive stance on the stock. |
|
|
|
|
|
Southern Cement - Company Update - Underweight - TP:SR59.8
We retain our Underweight rating on SPCC off the back of poor numbers in 2Q10. We continue to believe increasing pressure from competitors, particular Najran Cement, is denting the prospects of SPCC. |
|
|
|
|
|
Saudi Cement - Company Update - Neutral - TP:SR47.1
Our PT increases by 14% off the back of a strong set of 2Q10 results, although we remain Neutral on the stock. |
|
|
|
|
| 8/21/2010 |
|
|
|
Tasnee - Company Update - Overweight - TP:SR33.9
We continue to maintain a positive stance on the stock with an Overweight rating and a target price of SR33.9. |
|
|
|
|
|
Yansab - Company Update - Overweight - TP:SR47.6
We reduce our price target by 6.2% to SR47.6, yet upgrade the stock to an Overweight on valuation grounds given the recent share price weakness. |
|
|
|
|
|
Sipchem - Company Update - Overweight - TP:SR27.7
We maintain a positive stance on the stock with an Overweight rating and TP of SR27.7. |
|
|
|
|
|
Sahara - Company Update - Overweight - TP:SR26.1
Our price target for Sahara is SR26.1 and we change our rating to Overweight on the stock. |
|
|
|
|
|
Saudi Kayan - Company Update - Neutral - TP:SR18.4
An escalation in Saudi Kayan’s plant cost by USD2.4bn (about SR9.0bn) and plans for extensive testing could delay commencement of commercial operations. |
|
|
|
|
|
Petrochem - Company Update - Neutral - TP:SR15.3
We believe the stock lacks near to medium term catalysts suggesting minimal upside potential. Petrochem is in its pre-operational stage and we expect it to remain so until 2Q12. |
|
|
|
|
| 8/9/2010 |
|
|
|
Savola - Results Update - Neutral - TP:SR33.1
Off the back of poor 2Q10 results, our PT falls marginally to SR33.1, although we maintain our Neutral rating on the stock. |
|
|
|
|
| 8/8/2010 |
|
|
|
Al-Hokair - Results Update - Neutral - TP:SR47
Off the back of stronger than expected 1Q11 results, our PT increases marginally to SR47, although we remain Neutral on the stock. The core Saudi business seems to be performing well, with the company also benefiting from the low Euro. |
|
|
|
|
| 8/4/2010 |
|
|
|
Al-Othaim - Results Update - Overweight - PT:SR87.4
Our price target increases by 10.6% as we remain bullish on Al-Othaim and maintain our Overweight rating. YoY net profit growth for 2H10 is expected to be over 34%, with the higher margins carrying over to 2011. The low absolute net margin figures and the subsequent low room for error remain the key risks with the stock. |
|
|
|
|
| |
| More documents... |
|
| 9/6/2010 |
|
|
|
NCBC Closing Bell - 06Sept2010
The benchmark TASI gained 0.6% to close at 6,306.3, bolstered by STC and Saudi Fransi, which rose 2.0% each. The Industrial Investment sector advanced 2.0%, led by MA'ADEN and SPIMACO, which increased 2.9% and 2.6% respectively. |
|
|
|
|
| 9/5/2010 |
|
|
|
NCBC Closing Bell - 05Sept2010
The benchmark TASI declined 0.1% to end at 6,269.4, undermined by SAMBA, SABB and RIBL, which shed 2.0%, 1.5% and 1.4% respectively |
|
|
|
|
| 9/4/2010 |
|
|
|
NCBC Closing Bell - 04Sept2010
The benchmark TASI began the trading week on a positive note, rising 1.9% to close at 6,274.7, with all sector indices ending the day in the black. Market undertone was extremely bullish as 137 out of 144 traded stocks closed higher. The Petrochemical sector rose 2.7%, driven by YANSAB and Saudi Kayan, which gained 6.3% and 5.6% respectively. SABIC also added 2.0%. SABB and Saudi Fransi ended with a gain of 4.5% each |
|
|
|
|
| 9/2/2010 |
|
|
|
NCBC Closing Bell - 02Sept2010
The DFM benchmark index closed 0.8% higher at 1,497.8, led by heavyweights DP World, Dubai Islamic Bank and Commercial Bank of Dubai, which increased by 2.3%, 1.6% and 1.4% respectively. |
|
|
|
|
| 9/1/2010 |
|
|
|
NCBC Closing Bell - 01Sept2010
The TASI rose 0.9% to end at 6,159.0, bolstered by heavyweights SABIC, RIBL and SAMBA, which advanced 1.5%, 1.5% and 1.2% respectively. The Multi Investment sector added 3.1%, led by Kingdom Holding and SISCO, which increased 5.9% and 3.4% respectively |
|
|
|
|
| 8/31/2010 |
|
|
|
NCBC Closing Bell - 31Aug2010
The benchmark TASI gained 0.6% to end at 6,106.4, driven by heavyweights RIBL and SAMBA, which advanced 4.6% and 2.9% respectively. Al Bilad and BJAZ also added 4.1% and 2.2% respectively. The Energy/Utilities sector fell 1.3%, dragged by Saudi Electricity, which shed 1.4% |
|
|
|
|
| 8/30/2010 |
|
|
|
NCBC Closing Bell - 30Aug2010
The benchmark TASI ended 0.2% lower at 6,071.7, undermined by Jazan Development and AlHokair, which declined 2.6% and 1.7% respectively. Etihad Etisalat lost 0.9%, while Al Rajhi inched down 0.3%. Heavyweight SABIC closed flat with a turnover of $44.2mn |
|
|
|
|
| 8/29/2010 |
|
|
|
NCBC Closing Bell - 29Aug2010
The benchmark TASI climbed 0.5% to close at 6,085.7, led by SAMBA, SABB and Saudi Fransi, which gained 3.9%, 1.4% and 1.4% respectively. |
|
|
|
|
| 8/28/2010 |
|
|
|
NCBC Closing Bell - 28Aug2010
The benchmark TASI began the trading week on a positive note, rising 0.9% to close at 6,055.5, with all sector indices ending the day in the black. The Telecom/IT sector advanced 1.7%, driven by heavyweights Etihad Etisalat and STC, which gained 2.4% and 1.1% respectively. SABIC rose 1.5% on a turnover of $41.9mn. Sagr Insurance plunged 8.6%, taking its four day decline to 22.8% |
|
|
|
|
| 8/26/2010 |
|
|
|
NCBC Closing Bell - 26Aug2010
The DFM benchmark index rose 0.8% to close at 1,497.5, driven by heavyweights Emaar Properties, Dubai Financial Market and Emirates NBD, which advanced 2.2%, 1.4% and 1.2% respectively |
|
|
|
|
| 8/25/2010 |
|
|
|
NCBC Closing Bell - 25Aug2010
The benchmark TASI ended 0.3% lower at 6,001.2, undermined by SAMBA and SABB, which declined 1.7% and 1.4% respectively. The Agri/Food sector declined 1.1%, dragged by heavyweights Jazan Development and Savola Group, which dipped 3.2% and 2.5% respectively. |
|
|
|
|
| 8/24/2010 |
|
|
|
NCBC Closing Bell - 24Aug2010
The TASI shed 1.4% to close at 6,018.3, with all sector indices ending the day in negative territory. Market undertone was extremely bearish as 137 out of 144 traded stocks ended lower. SABIC, Saudi Electricity and Etihad Etisalat dipped 2.3%, 1.8% and 1.4% respectively |
|
|
|
|
| 8/23/2010 |
|
|
|
NCBC Closing Bell - 23Aug2010
The benchmark TASI closed 0.3% higher at 6,106.8, led by heavyweight Saudi Electricity, which advanced 2.6%. Saudi Cables and Budget Saudi added 4.0% and 3.4% respectively |
|
|
|
|
| 8/22/2010 |
|
|
|
NCBC Closing Bell - 22Aug2010
The benchmark TASI closed flat at 6,090.9, with a positive bias, led by heavyweights SABIC and SABB, which rose 0.6% and 0.5% respectively. The Telecom/IT sector fell 1.3%, undermined by Zain KSA and Etihad Etisalat, which dipped 3.0% and 1.4% respectively. |
|
|
|
|
| 8/21/2010 |
|
|
|
NCBC Closing Bell - 21Aug2010
The benchmark TASI ended the day 0.5% lower at 6,090.2, undermined by heavyweights SABB, SABIC and RIBL, which declined 2.1%, 1.2% and 1.1% respectively. The Insurance sector dipped 2.4%, dragged by Trade Union, Sagr Insurance and Weqaya Takaful, which shed 7.6%, 6.6% and 6.5% respectively. |
|
|
|
|
| |
| More documents... |
|
