Quarterly Report â 3Q2017 Statistics For 9M2017: IPOs during
Quarterly Report – 3Q2017 October 10, 2017
Tadawul All Share Index (TASI) Quarter Ending
Open
High
Low
Close
% Change
Avg Daily Volume
Sep 28, 2017
7,426
7,586
7,059
7,283
-1.9%
113,915,932
Change
161
-367
-143
Above mentioned numbers are for the quarter. High and low for the quarter are on trading basis and not closing basis.
Analysis and Overview TASI remained strong throughout 3Q2017 as positive news flows, both politically and economically, kept the sentiment upbeat, however towards the end of the quarter investors opted to book profits which pulled down the index by 143 points at the close of the quarter. Moreover, international oil prices, which remained strong throughout the quarter, generally helped boost the sentiment during the period. Interest, though remained weak as average daily volumes on a Q/Q basis declined by 27.8% to about 114 mln shares.
TASI
Brent Future
Statistics For 9M2017:
At the end of the 9M2017 Tadawul All Share Index (TASI) closed at 7,283 points, increasing by 1,660 points or 29.5% over the same period of the previous year.
Total equity market capitalization at the end 9M2017 reached SAR 1,721 bln ($ 459 bln), increasing by 29.9% over the close of the same period last year.
The total value of shares traded during 9M2017 reached SAR 607.1 bln ($ 161.9 bln), decreasing by -29.2% over the same period of the previous year.
IPOs during 9M2017: Name
Offer Size ('000 shares)
Offer Price (SAR)
Offering Date
Listing Date
AlJazira Mawten REIT Fund
11,800
10.00
22-Jan-2017
15-Feb-2017
JADWA REIT ALHARAMAIN FUND
66,000
10.00
3-Apr-2017
30-Apr-2017
Taleem REIT Fund
28,500
10.00
10-May-2017
30-May-2017
Al Maather REIT Fund
61,370
10.00
2-Jul-2017
22-Aug-2017
Musharaka REIT Fund
88,000
10.00
25-Jul-2017
1-Oct-2017
Zahrat Al Waha for Trading Co.
15,000
51.00
13-Aug-2017
17-Sep-2017
Aiyaz Hassan [email protected] +966-11-203-6817
Abdullah A. Alrayes [email protected] +966-11-203-6814
Quarterly Report – 3Q2017 October 10, 2017
Sector Summary Sector
Trades ('000)
% of Market
Volume (mln)
% of Market
Value (SAR mln)
% of Market
Energy
95
2.0%
139
1.8%
3,006
1.8%
Materials
837
17.8%
1,200
15.4%
37,474
21.9%
Capital Goods
224
4.8%
330
4.2%
4,014
2.4%
Commercial & Professional Svc
165
3.5%
182
2.3%
3,868
2.3%
Transportation
101
2.2%
122
1.6%
2,859
1.7%
69
1.5%
92
1.2%
1,105
0.7%
Consumer Services
147
3.1%
142
1.8%
4,392
2.6%
Media
288
6.1%
131
1.7%
7,169
4.2%
Retailing
135
2.9%
102
1.3%
3,259
1.9%
83
1.8%
64
0.8%
1,950
1.1%
316
6.7%
285
3.7%
9,504
5.6%
79
1.7%
48
0.6%
2,282
1.3%
6
0.1%
5
0.1%
165
0.1%
Banks
529
11.3%
2,220
28.5%
49,045
28.7%
Diversified Financials
126
2.7%
114
1.5%
2,421
1.4%
Insurance
847
18.0%
755
9.7%
17,416
10.2%
Telecommunication Services
95
2.0%
179
2.3%
2,748
1.6%
Utilities
40
0.8%
61
0.8%
1,509
0.9%
REITs
255
5.4%
442
5.7%
6,762
4.0%
Real Estate Mgmt & Dev't
259
5.5%
1,180
15.1%
9,920
5.8%
4,695
100.0%
7,792
100.0%
170,867
100.0%
Consumer Durables & Apparel
Food & Staples Retailing Food & Beverages Health Care Equipment & Svc Pharma, Biotech & Life Science
Total
Top Gainers Company
Top Losers
Close Price
QTD Change %
Volume ('000)
Company
Close Price
QTD Change %
Volume ('000)
SRMG
71.45
140.7%
72,808
ALMARAI
71.32
-26.1%
36,797
AMANA INSURANCE
29.56
75.4%
79,545
SCC
41.89
-19.4%
4,834
SPPC
23.23
60.4%
179,498
MEDGULF
33.45
-18.5%
10,914
ENAYA
23.36
56.6%
42,219
SAUDI GERMAN HOSP
62.80
-16.6%
5,569
NAMA CHEMICALS
21.35
53.7%
23,518
BAHRI
31.47
-15.8%
33,581
Close Price
QTD Change %
Value (SAR mln)
Most Active by Volume Company ALINMA
Most Active by Value
Close Price
QTD Change %
Volume (mln)
Company
17.47
14.7%
1,501
ALINMA
17.47
14.7%
24,532
DAR AL ARKAN
6.50
-3.0%
1,027
SABIC
102.82
0.5%
20,069
SAUDI KAYAN
9.03
2.5%
227
AL RAJHI
65.92
-5.5%
11,862
BSFR
30.22
-2.3%
208
DAR AL ARKAN
6.50
-3.0%
6,381
SABIC
102.82
0.5%
200
BSFR
30.22
-2.3%
6,148
Page 2 of 4
Quarterly Report – 3Q2017 October 10, 2017
Quarterly Performance of Brent Future
Quarterly Performance of Spot Gold
Brent Crude Future
Spot Gold
Average price for the quarter ($/bbl)
% Chg. Q/Q
2Q17
50.79
-7.0%
3Q17
52.17
+2.7%
Average price for the quarter ($/oz)
% Chg. Q/Q
2Q17
1,258.32
+3.2%
3Q17
1,279.24
+1.7%
Page 3 of 4
Quarterly Report – 3Q2017 October 10, 2017
For any feedback on our reports, please contact [email protected]
Disclaimer The information in this report was compiled in good faith from various public sources believed to be reliable. Whilst all reasonable care has been taken to ensure that the facts stated in this report are accurate and that the forecasts, opinions and expectations contained herein are fair and reasonable. Riyad Capital makes no representations or warranties whatsoever as to the accuracy of the data and information provided and, in particular, Riyad Capital does not represent that the information in this report is complete or free from any error. This report is not, and is not to be construed as, an offer to sell or solicitation of an offer to buy any financial securities. Accordingly, no reliance should be placed on the accuracy, fairness or completeness of the information contained in this report. Riyad Capital accepts no liability whatsoever for any loss arising from any use of this report or its contents, and neither Riyad Capital nor any of its respective directors, officers or employees, shall be in any way responsible for the contents hereof. Riyad Capital or its employees or any of its affiliates or clients may have a financial interest in securities or other assets referred to in this report. Opinions, forecasts or projections contained in this report represent Riyad Capital's current opinions or judgment as at the date of this report only and are therefore subject to change without notice. There can be no assurance that future results or events will be consistent with any such opinions, forecasts or projections which represent only one possible outcome. Further, such opinions, forecasts or projections are subject to certain risks, uncertainties and assumptions that have not been verified and future actual results or events could differ materially. The value of, or income from, any investments referred to in this report may fluctuate and/or be affected by changes. Past performance is not necessarily an indicative of future performance. Accordingly, investors may receive back less than originally invested amount. This report provides information of a general nature and does not address the circumstances, objectives, and risk tolerance of any particular investor. Therefore, it is not intended to provide personal investment advice and does not take into account the reader’s financial situation or any specific investment objectives or particular needs which the reader may have. Before making an investment decision the reader should seek advice from an independent financial, legal, tax and/or other required advisers due to the investment in such kind of securities may not be suitable for all recipients. This research report might not be reproduced, nor distributed in whole or in part, and all information, opinions, forecasts and projections contained in it are protected by the copyright rules and regulations.
Riyad Capital is a Saudi closed joint stock company, with commercial registration number (1010239234), licensed and organized by the Capital Market Authority under License No. (07070-37), and having its registered office at Al Takhassusi Street, Prestige Building, Riyadh, Kingdom of Saudi Arabia (“KSA”). Website: www.riyadcapital.com
Tadawul All Share Index (TASI) Quarter Ending
Open
High
Low
Close
% Change
Avg Daily Volume
Sep 28, 2017
7,426
7,586
7,059
7,283
-1.9%
113,915,932
Change
161
-367
-143
Above mentioned numbers are for the quarter. High and low for the quarter are on trading basis and not closing basis.
Analysis and Overview TASI remained strong throughout 3Q2017 as positive news flows, both politically and economically, kept the sentiment upbeat, however towards the end of the quarter investors opted to book profits which pulled down the index by 143 points at the close of the quarter. Moreover, international oil prices, which remained strong throughout the quarter, generally helped boost the sentiment during the period. Interest, though remained weak as average daily volumes on a Q/Q basis declined by 27.8% to about 114 mln shares.
TASI
Brent Future
Statistics For 9M2017:
At the end of the 9M2017 Tadawul All Share Index (TASI) closed at 7,283 points, increasing by 1,660 points or 29.5% over the same period of the previous year.
Total equity market capitalization at the end 9M2017 reached SAR 1,721 bln ($ 459 bln), increasing by 29.9% over the close of the same period last year.
The total value of shares traded during 9M2017 reached SAR 607.1 bln ($ 161.9 bln), decreasing by -29.2% over the same period of the previous year.
IPOs during 9M2017: Name
Offer Size ('000 shares)
Offer Price (SAR)
Offering Date
Listing Date
AlJazira Mawten REIT Fund
11,800
10.00
22-Jan-2017
15-Feb-2017
JADWA REIT ALHARAMAIN FUND
66,000
10.00
3-Apr-2017
30-Apr-2017
Taleem REIT Fund
28,500
10.00
10-May-2017
30-May-2017
Al Maather REIT Fund
61,370
10.00
2-Jul-2017
22-Aug-2017
Musharaka REIT Fund
88,000
10.00
25-Jul-2017
1-Oct-2017
Zahrat Al Waha for Trading Co.
15,000
51.00
13-Aug-2017
17-Sep-2017
Aiyaz Hassan [email protected] +966-11-203-6817
Abdullah A. Alrayes [email protected] +966-11-203-6814
Quarterly Report – 3Q2017 October 10, 2017
Sector Summary Sector
Trades ('000)
% of Market
Volume (mln)
% of Market
Value (SAR mln)
% of Market
Energy
95
2.0%
139
1.8%
3,006
1.8%
Materials
837
17.8%
1,200
15.4%
37,474
21.9%
Capital Goods
224
4.8%
330
4.2%
4,014
2.4%
Commercial & Professional Svc
165
3.5%
182
2.3%
3,868
2.3%
Transportation
101
2.2%
122
1.6%
2,859
1.7%
69
1.5%
92
1.2%
1,105
0.7%
Consumer Services
147
3.1%
142
1.8%
4,392
2.6%
Media
288
6.1%
131
1.7%
7,169
4.2%
Retailing
135
2.9%
102
1.3%
3,259
1.9%
83
1.8%
64
0.8%
1,950
1.1%
316
6.7%
285
3.7%
9,504
5.6%
79
1.7%
48
0.6%
2,282
1.3%
6
0.1%
5
0.1%
165
0.1%
Banks
529
11.3%
2,220
28.5%
49,045
28.7%
Diversified Financials
126
2.7%
114
1.5%
2,421
1.4%
Insurance
847
18.0%
755
9.7%
17,416
10.2%
Telecommunication Services
95
2.0%
179
2.3%
2,748
1.6%
Utilities
40
0.8%
61
0.8%
1,509
0.9%
REITs
255
5.4%
442
5.7%
6,762
4.0%
Real Estate Mgmt & Dev't
259
5.5%
1,180
15.1%
9,920
5.8%
4,695
100.0%
7,792
100.0%
170,867
100.0%
Consumer Durables & Apparel
Food & Staples Retailing Food & Beverages Health Care Equipment & Svc Pharma, Biotech & Life Science
Total
Top Gainers Company
Top Losers
Close Price
QTD Change %
Volume ('000)
Company
Close Price
QTD Change %
Volume ('000)
SRMG
71.45
140.7%
72,808
ALMARAI
71.32
-26.1%
36,797
AMANA INSURANCE
29.56
75.4%
79,545
SCC
41.89
-19.4%
4,834
SPPC
23.23
60.4%
179,498
MEDGULF
33.45
-18.5%
10,914
ENAYA
23.36
56.6%
42,219
SAUDI GERMAN HOSP
62.80
-16.6%
5,569
NAMA CHEMICALS
21.35
53.7%
23,518
BAHRI
31.47
-15.8%
33,581
Close Price
QTD Change %
Value (SAR mln)
Most Active by Volume Company ALINMA
Most Active by Value
Close Price
QTD Change %
Volume (mln)
Company
17.47
14.7%
1,501
ALINMA
17.47
14.7%
24,532
DAR AL ARKAN
6.50
-3.0%
1,027
SABIC
102.82
0.5%
20,069
SAUDI KAYAN
9.03
2.5%
227
AL RAJHI
65.92
-5.5%
11,862
BSFR
30.22
-2.3%
208
DAR AL ARKAN
6.50
-3.0%
6,381
SABIC
102.82
0.5%
200
BSFR
30.22
-2.3%
6,148
Page 2 of 4
Quarterly Report – 3Q2017 October 10, 2017
Quarterly Performance of Brent Future
Quarterly Performance of Spot Gold
Brent Crude Future
Spot Gold
Average price for the quarter ($/bbl)
% Chg. Q/Q
2Q17
50.79
-7.0%
3Q17
52.17
+2.7%
Average price for the quarter ($/oz)
% Chg. Q/Q
2Q17
1,258.32
+3.2%
3Q17
1,279.24
+1.7%
Page 3 of 4
Quarterly Report – 3Q2017 October 10, 2017
For any feedback on our reports, please contact [email protected]
Disclaimer The information in this report was compiled in good faith from various public sources believed to be reliable. Whilst all reasonable care has been taken to ensure that the facts stated in this report are accurate and that the forecasts, opinions and expectations contained herein are fair and reasonable. Riyad Capital makes no representations or warranties whatsoever as to the accuracy of the data and information provided and, in particular, Riyad Capital does not represent that the information in this report is complete or free from any error. This report is not, and is not to be construed as, an offer to sell or solicitation of an offer to buy any financial securities. Accordingly, no reliance should be placed on the accuracy, fairness or completeness of the information contained in this report. Riyad Capital accepts no liability whatsoever for any loss arising from any use of this report or its contents, and neither Riyad Capital nor any of its respective directors, officers or employees, shall be in any way responsible for the contents hereof. Riyad Capital or its employees or any of its affiliates or clients may have a financial interest in securities or other assets referred to in this report. Opinions, forecasts or projections contained in this report represent Riyad Capital's current opinions or judgment as at the date of this report only and are therefore subject to change without notice. There can be no assurance that future results or events will be consistent with any such opinions, forecasts or projections which represent only one possible outcome. Further, such opinions, forecasts or projections are subject to certain risks, uncertainties and assumptions that have not been verified and future actual results or events could differ materially. The value of, or income from, any investments referred to in this report may fluctuate and/or be affected by changes. Past performance is not necessarily an indicative of future performance. Accordingly, investors may receive back less than originally invested amount. This report provides information of a general nature and does not address the circumstances, objectives, and risk tolerance of any particular investor. Therefore, it is not intended to provide personal investment advice and does not take into account the reader’s financial situation or any specific investment objectives or particular needs which the reader may have. Before making an investment decision the reader should seek advice from an independent financial, legal, tax and/or other required advisers due to the investment in such kind of securities may not be suitable for all recipients. This research report might not be reproduced, nor distributed in whole or in part, and all information, opinions, forecasts and projections contained in it are protected by the copyright rules and regulations.
Riyad Capital is a Saudi closed joint stock company, with commercial registration number (1010239234), licensed and organized by the Capital Market Authority under License No. (07070-37), and having its registered office at Al Takhassusi Street, Prestige Building, Riyadh, Kingdom of Saudi Arabia (“KSA”). Website: www.riyadcapital.com
