8/9/2019 Mkt Intelligence

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For information contact: Nisreen El khatib

 Investment Relations Officer 

 Asset Management Group

 National Bank of Abu Dhabi

PO Box 4, Abu Dhabi,United Arab Emirates

Phone: + 971 (2) 410 5671

Fax: + 971 (2) 6655068

 E-mail: Nisreen.Elkhatib@nbad.com

  Disclaimer : This report has been prepared and issued by the Research Department at National Bank of Abu Dhabi (NBAD) on the basis of publicly available information and other sources

considered reliable. This report is not to be construed as an offer to buy, or sell securities. While utmost care has been taken to ensure that the information provided is accurate and correct, neither 

 NBAD, nor any of its employees shall, in any way, be responsible for the contents. NBAD is licensed by the Central Bank of the UAE.

EQUITY BRIEF

Event State Sector Details

Emirates Industrial bank needed to finance

industrial projects UAE Banking

A bank to finance industrial projects, on the lines of the erstwhile Emirates Industrial Bank, is needed in Abu

Dhabi, as the only finance option for industrialists today are commercial banks that charge exorbitant interest 

UAE Brokerage firms report losses UAE FinancialHave recorded significant declines in revenues in the past 12 months owing to the slowdown in the real estate

sector, with losses running into high double-digits, real estate brokerage companies

Rakeen starts Beit Merri project sales UAE R.EstateIt has commenced sales of its maiden project in Lebanon's Beit Merri Sunset development. The project, a high-end residential development in Beirut, comprises 10 villas and nine apartments 

Dubai Airport records double digit growth UAE AviationHas recorded a double-digit growth yoy in passenger traffic for the second consecutive month in July despiteglobal economic downturn.Passenger traffic jumped 12.6% to 3.79 mn in July, the highest since May 2008

Algosaibi Group hold talks with banks KSA FinancialSenior staff met the UAE, Gulf and foreign banks' executives in Dubai to prove falsified documents used by TheInternational Banking Corporation (TIBC) to obtain loans and money transfers

Gulf Warehousing Company and QatarSteel, announces a 3 year contract

- Industrial Announced the signing of a three- year contract for Hiring of Trailers on Call-off Basis. The Trailers have to beused for shifting of materials within Qatar steel Premises

Investcorp reports loss on investments  Bahrain FinancialPosted a full-year loss as fee income declined and it wrote down the value of investments. The net loss was US

$780.6 mn, , in the year ended June 30, after a profit of US $151.1 mn, a year earlier

http:// www.nbad-amg.com  

Issue: 686 Day 20 Month:August Quarter:3 Year: 2009

Table 1 - GCC Stock Market Indices – August 19, 2009 / Latest (*US$ million)

Index Close Jan-JulyAve MktCap

NBAD General 6,585 -1.87% 10.58% -52.2% 6,127 -47.9% 73,693 59.4 15.3 -

NBAD Islamic 4,550 -0.92% 12.65% -57.5% 7,456 -22.4% 35,590 47.0 - 1.13

ADX 2,787 -0.61% 16.60% -43.3% 2,520 -33.2% 72,537 56.36 9.33 2.80

DFM 1,789 -1.45% 9.30% -63.9% 1,677 -64.5% 37,031 114.4 11.7 1.47

Doha 6,681 -2.03% -2.98% -41.7% 5,744 -29.5% 80,521 80.55 11.5 2.00

Saudi 5,623 -2.37% 17.07% -40.8% 5,232 -38.1% 289,966 9,815 15.2 2.40

Bahrain 1,508 0.39% -16.43% -47.4% 1,611 -35.2% 16,897 1.689 8.07 3.85

Kuwait 7,891 -0.11% 1.40% -46.6% 7,378 -39.0% 113,117 278.4 15.4 2.91

Muscat 6,132 0.56% 12.69% -44.7% 5,229 -29.6% 16,923 19.24 11.3 2.87

Day  YTD y-o-y y-o-y TrdVal* P/E DY

Sources: Reuters, Bloomberg, Zawya DJ

Table 3 NBAD UAE Mutual Funds (as of August 13, 2009)

Call +971 (2) 4105 528/ 513 NAV Weekly % change YTD % change Growth Since

Fund Type (AED) Fund Fund Inception(% change)

Al Na’eem (Islamic) 8.3578 1.88% 22.59% -16.42%

UAE Trading 14.8152 -0.80% 12.43% 48.15%

UAE Distribution (Mizaat) 3.9477 -1.16% -7.16% -60.52%

GCC Opportunities (AJAJ) 3.3917 0.70% 21.44% -66.08%

UAE Growth(2:1 split Apr

6,2006) 6.2418 -1.34% 1.13% 24.84%

UAE Top Gains % Top Volume US$ Parity Rate*

Natcement 4.86 Emaar EUR 1.422 0.854

Rakwhite 2.04 ArabIntLog GBP 1.653 2.016

ADIB 1.42 Arabtec JPY 94.33 0.548

Foodco 1.20 Sorouh AED 3.673 2.200

UAE Top Declines % Lowest Vol. KWD 0.275 1.0625

GFH -9.95 Takaful QAR 3.639 4.460

CBI -7.10 Ummqcement BHD 1.655 1.534

Q-Tel -5.74 UNB SAR 3.750 0.646

ADAviation -5.70 Takaful OMR 0.385 3.716

Table 2 - Selected Indicators (*3M, ̂ CB interest rate)