Quarterly Report â 1Q2016 Statistics For 1Q2016: IPOs during ...
Quarterly Report – 1Q2016 April 18, 2016
Tadawul All Share Index (TASI) Quarter Ending
Open
High
Low
Close
% Change
Avg Daily Volume
Mar 31, 2016
6,912
6,976
5,349
6,223
-9.8%
282,226,755
Change
64
-1,563
-689
Above mentioned numbers are for the quarter. High and low for the quarter are on trading basis and not closing basis.
Analysis and Overview The pressure on TASI followed from the previous quarter as it registered a multi-year closing low of 5,460 points on January 20, which coincided with Brent also hitting a multi-year low of $27.88. This was the turning point for both Brent as well as TASI, as they adopted a gradual uptrend and closed the quarter at 6,223 points (-9.8% Q/Q) and Brent closing the quarter at $39.60. Average daily volume (number of shares traded) for 1Q16 improved to 282 mln from previous quarter’s 223 mln.
Statistics For 1Q2016: •
At the end of 1Q2016 Tadawul All Share Index (TASI) closed at 6,223 points, down by 2,556 points or -29.1% over the close of the same period last year. The highest closing for the index during the period was 6,952 points on January 03, 2016.
•
Total equity market capitalization at the end of 1Q2016 reached SAR 1,438 bln ($ 383.4 bln), decreasing by -24.3% over the close of the same period last year.
•
The total value of shares traded for 1Q2016 reached SAR 368.3 bln ($ 98.2 bln), declining by -35.5% over the same period of the previous year.
IPOs during 1Q2016: Name Middle East Healthcare Co.
Aiyaz Hassan [email protected] +966-11-203-6817
Offer Size ('000 shares) 21,612
Offer Price (SAR) 64.00
Offering Date
Closing Date
3-Mar-2016
9-Mar-2016
Mansour A Alammari [email protected] +966-11-203-6815
Quarterly Report – 1Q2016 April 18, 2016
Quarterly Performance of TASI and Sub-Indices TADAWUL
Banks & Financial Services
Volume Average
Points % Chg.
Q/Q Change
Volume % Chg.
Average
Points % Chg.
Q/Q Change
% Chg.
4Q15
222,622,739
24.8%
-492
-6.7%
4Q15
63,863,843
69.6%
-1,222
-7.3%
1Q16
282,226,755
26.8%
-689
-9.8%
1Q16
72,526,180
13.6%
-1,524
-9.8%
Petrochemical Industries
Cement
Volume Average
Points % Chg.
Q/Q Change
Volume % Chg.
Average
Points % Chg.
Q/Q Change
% Chg.
4Q15
27,199,451
7.7%
-572
-11.8%
4Q15
4,231,332
-15.1%
-793
-14.9%
1Q16
44,504,024
63.6%
-266
-6.2%
1Q16
10,048,005
137.5%
-189
-4.2%
Retail
Energy & Utilities
Volume Average
Points % Chg.
Q/Q Change
Volume % Chg.
Average
Points % Chg.
Q/Q Change
% Chg.
4Q15
4,232,534
-8.3%
-846
-6.3%
4Q15
1,845,725
-9.7%
-247
-4.1%
1Q16
7,299,236
72.5%
-2,917
-23.2%
1Q16
1,389,704
-24.7%
-20
-0.3%
Agriculture & Food Industries Volume Average
Telecom & IT Points
% Chg.
Q/Q Change
Volume % Chg.
Average
Points % Chg.
Q/Q Change
% Chg.
4Q15
8,480,108
49.9%
-907
-9.0%
4Q15
10,525,260
-21.9%
93
6.1%
1Q16
12,309,694
45.2%
-1,456
-16.0%
1Q16
12,306,662
16.9%
-38
-2.3%
Insurance
Multi Investment
Volume Average
Points % Chg.
Q/Q Change
Volume % Chg.
Average
Points % Chg.
Q/Q Change
% Chg.
4Q15
21,574,657
9.7%
-60
-4.6%
4Q15
4,503,399
23.3%
-134
-3.9%
1Q16
35,010,685
62.3%
-96
-7.7%
1Q16
4,346,326
-3.5%
-539
-16.3%
Industrial Investment Volume Average
Building & Construction Points
% Chg.
Q/Q Change
Volume % Chg.
Average
Points % Chg.
Q/Q Change
% Chg.
4Q15
10,902,172
-12.4%
105
1.7%
4Q15
10,714,010
18.2%
-279
-10.8%
1Q16
15,102,747
38.5%
-993
-15.4%
1Q16
15,060,302
40.6%
-374
-16.3%
Real Estate Development Volume Average
Transport Points
% Chg.
Q/Q Change
Volume % Chg.
Average
Points % Chg.
Q/Q Change
% Chg.
4Q15
42,818,436
8.5%
-282
-4.5%
4Q15
6,550,409
60.6%
312
4.2%
1Q16
39,187,077
-8.5%
-166
-2.8%
1Q16
7,227,900
10.3%
-1,009
-13.0%
Media & Publishing Volume Average
Hotel & Tourism Points
% Chg.
Q/Q Change
Volume % Chg.
Average
Points % Chg.
Q/Q Change
% Chg.
4Q15
8,189,134
697.3%
2,135
160.9%
4Q15
2,214,544
148.0%
-770
-4.4%
1Q16
7,858,180
-4.0%
-705
-20.4%
1Q16
5,559,105
151.0%
-7,473
-44.5%
Page 2 of 5
Quarterly Report – 1Q2016 April 18, 2016
Sector Summary Sector
Trades
% of Market
Volume (mln)
% of Market
Value Traded (mln)
% of Market
Banks & Financial Services
694,972
7.9%
4,816
23.4%
72,621
19.7%
Petrochemical Industries
852,979
9.7%
3,096
15.9%
63,963
17.7%
Cement
336,747
3.8%
725
3.7%
12,501
3.6%
Retail
612,941
7.0%
568
2.8%
20,323
5.8% 1.0%
Energy & Utilities
32,037
0.4%
96
1.4%
1,491
Agriculture & Food Industries
696,212
7.9%
934
3.5%
21,133
4.9%
Telecommunication & Information Technology
239,831
2.7%
889
6.5%
10,322
4.4% 12.7%
Insurance
1,798,691
20.4%
2,709
12.1%
44,909
Multi-Investment
170,056
1.9%
283
3.0%
4,215
2.3%
Industrial Investment
715,872
8.1%
982
5.9%
21,512
9.3%
Building & Construction
544,546
6.2%
981
5.0%
13,899
4.9%
Real Estate Development
880,456
10.0%
3,100
20.5%
34,962
11.3%
Transport
312,158
3.5%
505
2.8%
14,341
4.2%
Media and Publishing
598,130
6.8%
574
0.3%
18,063
0.3%
Hotel & Tourism Total
338,810
3.8%
364
0.6%
14,082
1.5%
8,824,438
100.0%
20,622
100%
368,335
100%
Top Gainers Company
Close Price
Top Losers
QTD Change %
Volume ('000)
Company
Close Price
QTD Change %
Volume ('000)
BURUJ
21.90
22.2%
71,237
ALTAYYAR
35.05
-51.5%
221,952
YANSAB
38.99
20.3%
49,553
AL ALAMIYA
32.01
-46.0%
63,449
TAPRCO
35.57
19.3%
269,480
ALHOKAIR
41.63
-41.1%
33,082
ALANDALUS
21.01
16.7%
545,467
ALABDULLATIF
17.96
-40.0%
88,854
WAFA INSURANCE
15.40
13.5%
168,205
TAKWEEN
22.99
-38.2%
132,818
Most Active by Volume Company ALINMA DAR AL ARKAN SAUDI KAYAN
Close Price
Most Active by Value
QTD Change %
Volume (mln)
QTD Change %
Value Traded (mln)
12.82
-13.2%
3,898
Company ALINMA
Close Price 12.82
-13.2%
51,606
5.25
-15.3%
1,504
SABIC
74.84
-2.2%
41,821 11,446
5.06
-25.3%
1,222
ALANDALUS
21.01
16.7%
SABIC
74.84
-2.2%
593
TAPRCO
35.57
19.3%
9,550
ALANDALUS
21.01
16.7%
545
ALTAYYAR
35.05
-51.5%
8,914
Page 3 of 5
Quarterly Report – 1Q2016 April 18, 2016
Quarterly Performance of Brent Future
Quarterly Performance of Spot Gold
Brent Crude Future
Spot Gold
Average price for the quarter ($/bbl)
Average price for the quarter ($/oz)
% Chg. Q/Q
% Chg. Q/Q
4Q15
44.69
-12.9%
4Q15
1,103.65
-1.9%
1Q16
35.21
-21.2%
1Q16
1,182.44
7.1%
Page 4 of 5
Quarterly Report – 1Q2016 April 18, 2016
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 limited liability 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
Mar 31, 2016
6,912
6,976
5,349
6,223
-9.8%
282,226,755
Change
64
-1,563
-689
Above mentioned numbers are for the quarter. High and low for the quarter are on trading basis and not closing basis.
Analysis and Overview The pressure on TASI followed from the previous quarter as it registered a multi-year closing low of 5,460 points on January 20, which coincided with Brent also hitting a multi-year low of $27.88. This was the turning point for both Brent as well as TASI, as they adopted a gradual uptrend and closed the quarter at 6,223 points (-9.8% Q/Q) and Brent closing the quarter at $39.60. Average daily volume (number of shares traded) for 1Q16 improved to 282 mln from previous quarter’s 223 mln.
Statistics For 1Q2016: •
At the end of 1Q2016 Tadawul All Share Index (TASI) closed at 6,223 points, down by 2,556 points or -29.1% over the close of the same period last year. The highest closing for the index during the period was 6,952 points on January 03, 2016.
•
Total equity market capitalization at the end of 1Q2016 reached SAR 1,438 bln ($ 383.4 bln), decreasing by -24.3% over the close of the same period last year.
•
The total value of shares traded for 1Q2016 reached SAR 368.3 bln ($ 98.2 bln), declining by -35.5% over the same period of the previous year.
IPOs during 1Q2016: Name Middle East Healthcare Co.
Aiyaz Hassan [email protected] +966-11-203-6817
Offer Size ('000 shares) 21,612
Offer Price (SAR) 64.00
Offering Date
Closing Date
3-Mar-2016
9-Mar-2016
Mansour A Alammari [email protected] +966-11-203-6815
Quarterly Report – 1Q2016 April 18, 2016
Quarterly Performance of TASI and Sub-Indices TADAWUL
Banks & Financial Services
Volume Average
Points % Chg.
Q/Q Change
Volume % Chg.
Average
Points % Chg.
Q/Q Change
% Chg.
4Q15
222,622,739
24.8%
-492
-6.7%
4Q15
63,863,843
69.6%
-1,222
-7.3%
1Q16
282,226,755
26.8%
-689
-9.8%
1Q16
72,526,180
13.6%
-1,524
-9.8%
Petrochemical Industries
Cement
Volume Average
Points % Chg.
Q/Q Change
Volume % Chg.
Average
Points % Chg.
Q/Q Change
% Chg.
4Q15
27,199,451
7.7%
-572
-11.8%
4Q15
4,231,332
-15.1%
-793
-14.9%
1Q16
44,504,024
63.6%
-266
-6.2%
1Q16
10,048,005
137.5%
-189
-4.2%
Retail
Energy & Utilities
Volume Average
Points % Chg.
Q/Q Change
Volume % Chg.
Average
Points % Chg.
Q/Q Change
% Chg.
4Q15
4,232,534
-8.3%
-846
-6.3%
4Q15
1,845,725
-9.7%
-247
-4.1%
1Q16
7,299,236
72.5%
-2,917
-23.2%
1Q16
1,389,704
-24.7%
-20
-0.3%
Agriculture & Food Industries Volume Average
Telecom & IT Points
% Chg.
Q/Q Change
Volume % Chg.
Average
Points % Chg.
Q/Q Change
% Chg.
4Q15
8,480,108
49.9%
-907
-9.0%
4Q15
10,525,260
-21.9%
93
6.1%
1Q16
12,309,694
45.2%
-1,456
-16.0%
1Q16
12,306,662
16.9%
-38
-2.3%
Insurance
Multi Investment
Volume Average
Points % Chg.
Q/Q Change
Volume % Chg.
Average
Points % Chg.
Q/Q Change
% Chg.
4Q15
21,574,657
9.7%
-60
-4.6%
4Q15
4,503,399
23.3%
-134
-3.9%
1Q16
35,010,685
62.3%
-96
-7.7%
1Q16
4,346,326
-3.5%
-539
-16.3%
Industrial Investment Volume Average
Building & Construction Points
% Chg.
Q/Q Change
Volume % Chg.
Average
Points % Chg.
Q/Q Change
% Chg.
4Q15
10,902,172
-12.4%
105
1.7%
4Q15
10,714,010
18.2%
-279
-10.8%
1Q16
15,102,747
38.5%
-993
-15.4%
1Q16
15,060,302
40.6%
-374
-16.3%
Real Estate Development Volume Average
Transport Points
% Chg.
Q/Q Change
Volume % Chg.
Average
Points % Chg.
Q/Q Change
% Chg.
4Q15
42,818,436
8.5%
-282
-4.5%
4Q15
6,550,409
60.6%
312
4.2%
1Q16
39,187,077
-8.5%
-166
-2.8%
1Q16
7,227,900
10.3%
-1,009
-13.0%
Media & Publishing Volume Average
Hotel & Tourism Points
% Chg.
Q/Q Change
Volume % Chg.
Average
Points % Chg.
Q/Q Change
% Chg.
4Q15
8,189,134
697.3%
2,135
160.9%
4Q15
2,214,544
148.0%
-770
-4.4%
1Q16
7,858,180
-4.0%
-705
-20.4%
1Q16
5,559,105
151.0%
-7,473
-44.5%
Page 2 of 5
Quarterly Report – 1Q2016 April 18, 2016
Sector Summary Sector
Trades
% of Market
Volume (mln)
% of Market
Value Traded (mln)
% of Market
Banks & Financial Services
694,972
7.9%
4,816
23.4%
72,621
19.7%
Petrochemical Industries
852,979
9.7%
3,096
15.9%
63,963
17.7%
Cement
336,747
3.8%
725
3.7%
12,501
3.6%
Retail
612,941
7.0%
568
2.8%
20,323
5.8% 1.0%
Energy & Utilities
32,037
0.4%
96
1.4%
1,491
Agriculture & Food Industries
696,212
7.9%
934
3.5%
21,133
4.9%
Telecommunication & Information Technology
239,831
2.7%
889
6.5%
10,322
4.4% 12.7%
Insurance
1,798,691
20.4%
2,709
12.1%
44,909
Multi-Investment
170,056
1.9%
283
3.0%
4,215
2.3%
Industrial Investment
715,872
8.1%
982
5.9%
21,512
9.3%
Building & Construction
544,546
6.2%
981
5.0%
13,899
4.9%
Real Estate Development
880,456
10.0%
3,100
20.5%
34,962
11.3%
Transport
312,158
3.5%
505
2.8%
14,341
4.2%
Media and Publishing
598,130
6.8%
574
0.3%
18,063
0.3%
Hotel & Tourism Total
338,810
3.8%
364
0.6%
14,082
1.5%
8,824,438
100.0%
20,622
100%
368,335
100%
Top Gainers Company
Close Price
Top Losers
QTD Change %
Volume ('000)
Company
Close Price
QTD Change %
Volume ('000)
BURUJ
21.90
22.2%
71,237
ALTAYYAR
35.05
-51.5%
221,952
YANSAB
38.99
20.3%
49,553
AL ALAMIYA
32.01
-46.0%
63,449
TAPRCO
35.57
19.3%
269,480
ALHOKAIR
41.63
-41.1%
33,082
ALANDALUS
21.01
16.7%
545,467
ALABDULLATIF
17.96
-40.0%
88,854
WAFA INSURANCE
15.40
13.5%
168,205
TAKWEEN
22.99
-38.2%
132,818
Most Active by Volume Company ALINMA DAR AL ARKAN SAUDI KAYAN
Close Price
Most Active by Value
QTD Change %
Volume (mln)
QTD Change %
Value Traded (mln)
12.82
-13.2%
3,898
Company ALINMA
Close Price 12.82
-13.2%
51,606
5.25
-15.3%
1,504
SABIC
74.84
-2.2%
41,821 11,446
5.06
-25.3%
1,222
ALANDALUS
21.01
16.7%
SABIC
74.84
-2.2%
593
TAPRCO
35.57
19.3%
9,550
ALANDALUS
21.01
16.7%
545
ALTAYYAR
35.05
-51.5%
8,914
Page 3 of 5
Quarterly Report – 1Q2016 April 18, 2016
Quarterly Performance of Brent Future
Quarterly Performance of Spot Gold
Brent Crude Future
Spot Gold
Average price for the quarter ($/bbl)
Average price for the quarter ($/oz)
% Chg. Q/Q
% Chg. Q/Q
4Q15
44.69
-12.9%
4Q15
1,103.65
-1.9%
1Q16
35.21
-21.2%
1Q16
1,182.44
7.1%
Page 4 of 5
Quarterly Report – 1Q2016 April 18, 2016
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 limited liability 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
