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Research & Analysis
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04 - Apr - 2013 |
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Real Estate Research |
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MENA |
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MENA Real Estate Market Commentary (English) |
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• Dubai : Dubai Land Department report an average rent growth of 8%-10% during 2013.
• Abu Dhabi : Overall office rents decline as vacancy increases to 39% (Knight Frank).
• Ajman : Transactions increase by 50% during 2012.
• Riyadh : Rental rates grow 1%-14% for villas and 3%-10% for apartments (CBRE).
• Jeddah : Office market increased by 14% over the past five years (CBRE). |
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04 - Apr - 2013 |
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Market Updates |
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Kuwait |
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Kuwait Daily (English) |
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• The Kuwait Market Price Index closed on a positive note at 6,817 points, a gain of 0.04%.
• The Weighted Index closed at 437.89, a gain of 0.1%.
• The KSE 15 Index closed at 1042.96, a gain of 0.29%.
• 50 stocks advanced while 51 declined.
• The Financial Services Index witnessed highest volume traded at 242.1 Mn and also witnessed the highest value traded at KD 17.5 Mn.
• Indices were mixed. Telecommunications Index was the top gainer, up 1.9%. Healthcare Index was the top loser, down 0.86%.
• Blue chips were mixed. Zain was the top gainer, up 2.63%, closing at KD 0.78. Agility was the top loser, down 3.23%, closing at KD 0.6. |
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04 - Apr - 2013 |
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Fixed Income |
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GCC |
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GCC Aggregate Bonds and Sukuk Market 2012 (English) |
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The GCC Aggregate Bonds and Sukuk market includes Central Bank Local Issuances, sovereign issuances and corporate issuances. The total value of primary bonds and sukuk issued in the Gulf Cooperation Council region (“GCC”) during 2012 was USD85.3 billion, a 1.4% increase compared to the previous year. The month of December predominated in terms of issuance frequency with 38 issuances; however, July witnessed the highest value, as USD13.0 billion was issued, representing 15.1% of the total amount issued during 2012, through 36 issuances. |
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04 - Apr - 2013 |
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Market Updates |
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International |
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International Markets Update (English) |
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• The Dow Jones Industrial Average and the S&P 500 closed at a record high of 14,578.54 and 1569.19 on March 28th, respectively; above their previous highs in October 2007.
• Job growth surged last month as automakers, builders and retailers pushed the unemployment rate to a four-year low, defying concerns that budget battles in Washington would harm the economic expansion.
• The biggest news for March was set in Cyprus where a new precedence is taking place.
• Japan was seen returning to growth in the last quarter of 2012 recent data showed, GDP rose at an annualized 0.2%.
• According to HSBC’s Index covering the 16 leading developing nations, including the BRICs, Emerging Markets grew at a slower pace in February than the previous month |
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04 - Apr - 2013 |
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Fixed Income |
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MENA |
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MENA Fixed Income Update (English) |
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• Saudi Binladin Group prices $347 mln Islamic bond
• Qatar Telecom Obtains $1 Billion Revolving Credit Facility
• Egypt Boosts Short-Term Borrowing as $1.6 Billion a Week Matures
• Morocco to decide on debt issue in June/July
• Jordan: Looking to bonds for lending |
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04 - Apr - 2013 |
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Market Updates |
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International |
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Daily Morning Brief (English) |
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• GCC markets were positive sending the S&P GCC index up 0.24%
• Emerging markets were down; MSCI EM and MSCI BRIC lost 0.38% and 0.31% respectively.
• With the exception of Nikkei 225 [+2.99%] developed markets closed on a negative note.
• IPE Brent shed -3.23% closing at 107.11 $/bbl. |
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03 - Apr - 2013 |
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Market Updates |
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Kuwait |
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Kuwait Daily (English) |
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• The Kuwait Market Price Index closed on a positive note at 6,814 points, a gain of 0.81%.
• The Weighted Index closed at 437.45, a gain of 0.25%.
• The KSE 15 Index closed at 1039.98, a gain of 0.01%.
• 60 stocks advanced while 35 declined.
• The Financial Services Index witnessed highest volume traded at 315.1 Mn and the highest value traded at KD 18.4 Mn.
• Indices were mixed. Consumer Goods Index was the top gainer, up 3.03%. Telecommunications Index was the top loser, down 1.66%.
• Blue chips were mixed. Commercial Bank was the top gainer, up 7.35%, closing at KD 0.73. NMTC was the top loser, down 2.75%, closing at KD 2.12. |
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03 - Apr - 2013 |
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Fixed Income |
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MENA |
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MENA Fixed Income Update (English) |
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• Saudi Aramco, Dow Venture Raises $2 Billion From Sukuk Sale
• Saudi Companies Favor Bonds Over Loans on Repayment
• Dana Gas Cash From Egypt Helps Debt Top Mideast
• Qatar c.bank details local currency bond issue plan
• Tunisia Plans $630 Mln Sukuk Issue In 2013 |
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03 - Apr - 2013 |
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Market Updates |
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International |
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Daily Morning Brief (English) |
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• GCC markets were mainly positive sending the S&P GCC index up 0.33%
• Emerging markets were down; MSCI EM and MSCI BRIC shed 0.21% and 0.47% respectively.
• With the exception of Nikkei 225 [-1.08%] developed markets were positive.
• IPE Brent shed 0.35% closing at 110.69 $/bbl. |
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02 - Apr - 2013 |
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Market Updates |
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Kuwait |
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Kuwait Daily (English) |
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• The Kuwait Market Price Index closed on a positive note at 6,760 points, a gain of 0.34%.
• The Weighted Index closed at 436.34, a gain of 0.67%.
• The KSE 15 Index closed at 1039.91, a gain of 0.84%.
• 59 stocks advanced while 40 declined.
• The Financial Services Index witnessed highest volume traded at 169.7 Mn and also witnessed the highest value traded at KD 13.0 Mn.
• Indices were Positive. Consumer Services Index was the top gainer, up 1.32%. Technology Index was the top loser, down 0.7%.
• Blue chips were positive. NIG was the top gainer, up 4.42%, closing at KD 0.236. Commercial Bank was the top loser, down 2.86%, closing at KD 0.68. |
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02 - Apr - 2013 |
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Market Updates |
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International |
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The Month That Was- Market Review (English) |
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The GCC composite index gained 0.69 percent in the month of March mirroring the rally in world markets. However, markets in UAE witnessed selling in stark contrast on concerns that the previous rally could be overdone.
U.S equities continued their stellar run gaining 3.5 percent for the month taking the year to date return to over 10 percent, on the back of positive economic data releases. Home prices increased and orders for consumer goods surged. Manufacturing orders increased too. |
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02 - Apr - 2013 |
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Fixed Income |
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MENA |
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MENA Fixed Income Update (English) |
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• Almarai Raises 1.3 Billion Riyals From Sale of Islamic Bonds
• Sharjah Islamic Plans Dollar Sukuk as Issues Surge to July High
• Aabar Said to Pay 250 Basis-Point Spread on $2 Billion Loan
• Qatar Sets 2013-14 Public Spending at 210.6 Billion Riyals
• U.S.-Backed Bonds Planned by Tunisia Amid IMF Talks |
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02 - Apr - 2013 |
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Market Updates |
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International |
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Daily Morning Brief (English) |
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• GCC markets were mainly positive sending the S&P GCC index up 0.14%.
• Emerging markets were negative; MSCI EM and MSCI BRIC lost 0.34% and 0.29% respectively.
• Developed markets were also negative; S&P 500 and Nikkei 225 lost 0.45% and 2.12% respectively.
• IPE Brent gained 0.96% closing at 111.08 $/bbl. |
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01 - Apr - 2013 |
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Market Updates |
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Kuwait |
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Kuwait Daily (English) |
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• The Kuwait Market Price Index closed on a positive note at 6,736 points, a gain of 0.22%.
• The Weighted Index closed at 433.42, a loss of 0.01%.
• The KSE 15 Index closed at 1031.21, a gain of 0.03%.
• 62 stocks advanced while 42 declined.
• The Financial Services Index witnessed highest volume traded at 211.9 Mn and Real Estate Index witnessed the highest value traded at KD 14.3 Mn.
• Indices were positive. Technology Index was the top gainer, up 2.81%. Telecommunications Index was the top loser, down 2.12%.
• Blue chips were mixed. Agility was the top gainer, up 1.69%, closing at KD 0.6. NMTC was the top loser, down 4.55%, closing at KD 2.1. |
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01 - Apr - 2013 |
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Fixed Income |
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MENA |
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MENA Fixed Income Update (English) |
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• Dana Gas Set to Finish Debt Accord as Egypt, Iraq Make Payments
• Kuwait’s Kipco Sees Double-Digit Growth in 2013, Repays Debt
• Dubai’s Arabtec to Require Yield Premium Over Emaar
• Saudi Dollar Bond Scarcity Drives 30-Year Gains
• Qatar’s Next Budget to Exceed 200 Billion Riyals |
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01 - Apr - 2013 |
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Market Updates |
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International |
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Daily Morning Brief (English) |
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1) The Saudi market shed 0.45% closing at 7,126 points. Blue chips were negative.
2) Qatar Stock exchange dipped 0.1% closing at 8,578 points, blue chips were negative.
3) U.A.E markets were mixed; Dubai shed 0.85% while Abu Dhabi gained 0.25%
4) Oman lost 1.02% while Bahrain gained 0.51% closing at 1,092 points. |
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31 - Mar - 2013 |
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Market Updates |
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Kuwait |
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Kuwait Daily (English) |
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1. The Kuwait Market Price Index closed on a positive note at 6,722 points, a gain of 0.02%.
2. The Weighted Index closed at 433.45, a gain of 0.19%.
3. The KSE 15 Index closed at 1030.93, a gain of 0.31%.
4. 55 stocks advanced while 56 declined.
5. The Financial Services Index witnessed highest volume traded at 279.5 Mn and Industrials Index witnessed the highest value traded at KD 17.1 Mn.
6. Indices were mixed. Telecommunications Index was the top gainer, up 0.92%. Consumer Services Index was the top loser, down 0.59%.
7. Blue chips were flat. Commercial Bank was the top gainer, up 2.9%, closing at KD 0.71. KFH was the top loser, down 1.23%, closing at KD 0.8. |
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31 - Mar - 2013 |
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Fixed Income |
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MENA |
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MENA Fixed Income Update (English) |
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• Saudi Electricity Co Prices $2 Bln, Two-Tranche Sukuk
• Two firms get initial nod for floating sukuk
• Egypt T-Bill Yields Jump Most in 3 Months as Moody’s Cuts Banks
• Mubadala Said to Pay 45 Basis-Point Margin on $2 Billion Loan
• Mideast Banks Record Single Digit Revenue Growth In '12 |
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31 - Mar - 2013 |
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Market Updates |
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International |
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Weekly Wrap (English) |
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GCC markets were mainly positive sending the S&P GCC index up 0.29% for the week. Emerging markets were up; MSCI EM and MSCI BRIC gained 1.86% and 0.63% WTD.
Developed markets were mainly positive during the past week. S&P 500, FTSE and Nikkei 225 gained 0.79%, 0.30% and 0.48% respectively. IPE Brent gained 2.19% WTD closing at 110.02 $/bbl. |
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28 - Mar - 2013 |
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Market Updates |
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Kuwait |
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Kuwait Daily (English) |
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• The Kuwait Market Price Index closed on a negative note at 6,720 points, a loss of 0.83%.
• The Weighted Index closed at 432.63, a loss of 0.59%.
• The KSE 15 Index closed at 1027.75, a loss of 0.69%.
• 43 stocks advanced while 79 declined.
• The Financial Services Index witnessed highest volume traded at 358.0 Mn and also witnessed the highest value traded at KD 22.7 Mn.
• Indices was negative. Oil & Gas Index was the top gainer, up 1.96%. Telecommunications Index was the top loser, down 1.89%.
• Blue chips were flat. Commercial Bank was the top gainer, up 2.99%, closing at KD 0.69. Zain was the top loser, down 2.53%, closing at KD 0.77. |
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Markaz strategic research is positioned to provide the very best investment ideas to its clients. It aims to be thematic in selecting research ideas with a clear focus on investment actions and merits.
Being a regionally focused company, the research also is biased towards GCC and Mena region and issues confronting the region. However, the aim is to continuously benchmark the region with other developed and emerging market peers in order to obtain the requisite positioning.
Markaz research team uses highly specialized databases, both outsourced and developed in-house, in order to be statistically rich in its presentations and analysis. The high-powered analyst team also treasures the usage of advanced quantitative finance techniques to the extent they can be successfully adapted to the region.
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Markaz | Surveys - Questions
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GCC Demographic Shift
02 July 2012
Abstract:
The demographic structure of a country or region has wide-ranging implications, from health and education, to labor force make-up and fiscal budgeting. The population is the driving force of an economy; it is the unit by which economic output is realized and as such, should be invested in and shaped in a manner to better influence economic growth.
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Kuwait Investment Sector
28 March 2012
Abstract:
With the onset of the financial crisis and its ravaging impact during the last 3 years, Kuwait investment companies face enormous challenges. This includes reduction in overall assets managed, difficulty to recapitalize, lackluster stock market and increased regulatory pressures. The erstwhile business model which emphasized the more volatile investment income rather than the stable fee income did not help matters as well. Also, the product focus has been mostly index-based with lack of skill-based sophisticated products.
Download Full Report
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