Saudi Stock Market Report

Saudi Stock Market Report
2 Feb 2010
Market Snapshots
TASI Intra-day Movement
Market Commentary
The TASI slipped 0.2% amidst thin trading
The Saudi Market Index declined 0.2% to 6,243.02 amidst

directionless and lackluster trading. The market volume
dropped to an abnormally low level with just 105.85mn shares
worth SAR2.32bn changing hands. The market breadth was
negative with declining stocks dominating advancing stocks in
the ratio of 72 to 43. Sentiment continued to be negative for
the Petrochemical Sector with continuing woes about falling oil
Source: Tadawul Stock Exchange, Official Website
Market Summary
prices. The Petrochemical Index closed down 0.6% with SABIC
Index
Close
Value Traded (SAR)
dropping 1.4% to SAR85.75. Sentiment was mixed in the
2,316,035,551
Banking Sector with the Sector Index posting a minor loss of
Volume
105,853,209
0.1%. While SAMBA closed up 0.9%, Al Rajhi slipped 0.3%.
Trades
65,615
Symbols Traded
134
Market Breadth
43 : 72
Tadawul All Share Index
and recorded a handsome gain of 9.1%. Al-Ahlia led the losers
Close
Change
%
MTD
%
YTD
%
6,243.02
-0.2
-0.2
2.0
16,241.80
-0.1
-0.1
3.6
Petrochemical Industries
5,425.31
-0.6
-0.6
0.5
Cement
3,922.95
-0.1
-0.1
0.2
Retail
4,367.06
0.4
0.4
-0.5
Energy & Utilities
4,427.15
-0.6
-0.6
5.1
Agriculture & Food Ind.
5,269.11
0.4
0.4
5.2
Telecom & IT
1,814.29
0.2
0.2
1.3
Insurance
1,087.92
0.2
0.2
0.8
Multi-Investment
2,783.99
-0.2
-0.2
14.0
Industrial Investment
4,584.91
-0.2
-0.2
-2.6
Building & Construction
3,682.08
0.1
0.1
-1.8
Real Estate Development
3,301.82
-0.1
-0.1
1.2
Transport
3,567.06
0.1
0.1
5.0
Media and Publishing
1,791.56
-0.1
-0.1
-5.4
Hotel & Tourism
5,812.92
0.0
0.0
-1.5
Banks & Financial Services
Among the large caps, Saudi Electricity closed down 0.4%

whilst STC rose 0.4%. SAICO was the top gainer of the day
Indices Summary
Index
The most active stock of the day, Alinma declined 0.8%.
and closed down 2.4%.
Regional Market Statistics

Index
Close
Change %
Turnover
(US$ 000)
Volume (000)
No. of Trades
MTD %
YTD %
Abu Dhabi SM
2,665.04
1.2
71,082
30,537
1,613
1.2
-2.9
Dubai FM
1,624.75
2.2
192,821
85,216
4,331
2.2
-9.9
Kuwait SE
7,014.90
-0.2
322,373
177,598
4,986
-0.2
0.1
Doha SM
6,609.97
0.8
5,497
45,060
3,761
0.8
-5.0
Muscat SM
6,514.72
-0.3
10,810
14,590
2,650
-0.3
2.3
Bahrain SE
1,485.09
0.5
1,035
573
58
0.5
1.8
Source: Official websites of the Regional Stock Exchanges

2 Feb 2010
Market Movers & Shakers

Top Gainers
Top Losers
Closing
Price
(SAR)
Change
%
Volume
(mn)
SAICO
65.75
9.1
1.39
SISCO
13.90
4.1
A.Othaim Market
57.25
ACIG
Astra Indust
Company
Closing
Price
(SAR)
Change
%
Al-Ahlia
81.50
-2.4
0.32
2.64
UCA
36.90
-2.1
2.05
3.2
0.38
SANAD
26.80
-1.8
0.25
55.50
2.3
0.60
Gulf Union
26.80
-1.8
1.24
35.70
2.3
0.38
Gas&Industrialization
22.90
-1.7
0.20
Company
Volume Leaders
Value Leaders
Closing
Price
(SAR)
Change
%
Volume
(mn)
12.70
-0.8
23.88
7.45
-1.3
14.42
Emaar E .C
10.05
-1.5
8.35
Saudi Kayan
18.25
0.0
MAADEN
16.70
-1.2
Company
Alinma
Kingdom
Closing
Price
(SAR)
Change
%
Value
(SAR
mn)
Alinma
12.70
-0.8
304.26
SABIC
85.75
-1.4
149.16
Kingdom
7.45
-1.3
107.49
3.83
Al Rajhi
73.75
-0.3
90.70
2.71
SAICO
65.75
9.1
88.66
Company
Stocks consistently gaining / losing over last three

trading sessions (Top 6)
52 Week New High / Low

Closing
Price
(SAR)
Company
Volume
(mn)
New
High
(SAR)
3 Days
Avg.
Volume
(mn)
Current
Price
(SAR)
3 Days
Change
%
SAICO
65.75
14.3
0.87
Arriyadh Development
12.55
4.1
1.39
Saudi Indian
53.75
3.8
0.32
NADEC
30.50
-2.9
0.08
Jazan Development
13.40
-2.9
0.45
Al Baha
18.15
-4.3
1.69
New Low
(SAR)
Company
No stock touched new 52-week high or low
Sector Turnover (SAR mn)
Sector Volume (mn)
31.77
141.45
2.25
2.38
0.10
0.37
11.92
11.89
110.69
26.82
445.08
104.76
418.86
185.39
33.19
576.70
76.22
20.36
0.990.95
3.63
0.56
3.80
18.06
5.22
33.18
3.86
12.88
4.36
0.66
19.39
31.13
0.50
1.79
10.41
1.07
7.212.92
2.03
13.37
1.52
70.12
87.15
3.59 2.75
Banks & Financial Services
Petrochem ical Industries
Cem ent
Retail
Energy & Utilities
Agriculture & Food Industries
Telecom . & Inform ation Technology
Insurance
Multi-Investm ent
Industrial Investm ent
Building & Construction
Real Estate Developm ent
Transport
Media and Publishing
Hotel & Tourism
Source: Data pertaining to all the tables and charts in this page are taken from Tadawul Stock Exchange, Official Website

2 Feb 2010
Saudi Technical Watch
R: Resistance
S: Support
Technical Outlook
The TASI faced strong resistance
Pivot Table
PP: Pivot Point
Symbol
R2
R1
PP
S1
S2
TASI
6,281.64
6,262.33
6,247.04
6,227.73
6,212.44
at the 6,265 level, which our

previous analysis had predicted.
The Index closed below the 10
Tadawul All Shares Index
day DEMA value, which stands at

6,254. The Stochastic is in an
oversold zone, indicating a minor
upward movement. The MACD is
in a sell mode and is still trading
at the zero line, indicating that the
Index is still in a comfortable zone
and may move towards the 6,304
and 6,344 levels. A major support
for the TASI exists at the 6,212
level.
Technical Outlook
SABIC,
marginally
yesterday,
above
our
Pivot Table
Symbol
R2
R1
PP
S1
S2
SABIC
87.92
86.83
86.17
85.08
84.42
closed
given
Saudi Basic Industries Corp.
target. The MACD is in a sell

mode and is trading above the
zero line, which suggests that the
stock may take some major
support at 84.90. From a shortterm point of view, there is still
some negativity in the stock. The
Stochastic is in a sell mode and is
trading at an oversold area.
Investors may book profit at the
84.90 level.

2 Feb 2010

Pivot Table
Symbol
R2
R1
PP
S1
S2
STC
44.37
44.23
43.97
43.83
43.57
Saudi Telecom Co.

STC closed above the 10 day
DEMA value, which stands at
43.96. This level is acting as a
good support for the stock. The
Stochastic is in a buy mode.
Investors may buy the stock, with
a stop loss of 43.50, for a target
of 44.50 and 45.15.
Technical Outlook
Al
Rajhi,
yesterday,
hit
Pivot Table
our
suggested stop loss of 73.60,
Symbol
R2
R1
PP
S1
S2
Al Rajhi
74.58
74.17
73.83
73.42
73.08
Al Rajhi Bank
during intra-day trade and closed

above that level. The MACD is
still in a buy mode and trading at
0.25. The Stochastic is in a sell
mode, whilst the CCI has broken
the zero level and is trading at
-9.5. Investors may accumulate
the stock at the current level, with
a stop loss of 73.50 (on a closing
basis, only), for a target of 74.70.

2 Feb 2010

Technical Outlook
Pivot Table
Symbol
R2
R1
PP
S1
S2
SECO
12.12
12.03
11.97
11.88
11.82
Saudi Electricity Co.

The stock, on Monday, formed a
DOJI pattern at the upper level,
which indicates that the bulls are
not so active at the current level.
The MACD is giving a sell signal.
Investors are advised to exit from
the stock and book profits at the
current level.
Technical Outlook
MAADEN,
yesterday,
hit
Pivot Table
Symbol
R2
R1
PP
S1
S2
MAADEN
17.00
16.85
16.75
16.60
16.50
our
suggested stop loss of 16.70 and

closed at the same level. The
Saudi Arabian Mining Co.
stock closed below the 125 day

SMA value (16.86), which was
acting as a good support. The
Stochastic
is
not
moving as
expected at the current level. It is

better to exit the stock at the
current level and wait for a clearcut trend.

2 Feb 2010
GCC Technical Watch

Technical Outlook
Pivot Table
Symbol
R2
R1
PP
S1
S2
EMAAR
3.28
3.23
3.14
3.09
3.00
EMAARs movement on Monday

was very similar to how our past
Emaar Properties (Dubai Financial Market)
analysis suggested it would be.

The stock closed above the 20
day DEMA value, which stands at
3.07. The Stochastic is in a buy
mode and is still indicating a
minor
upward
movement.
Investors may buy the stock, with

a stop loss of 3.02, for a target of
3.53.
Technical Outlook
Pivot Table
Symbol
R2
R1
PP
S1
S2
ARTC
2.36
2.34
2.30
2.28
2.24
ARTC was unable to trigger

above the level of 2.34, which
was suggested in our last report.
Arabtec Holding (Dubai Financial Market)
The stock touched an intra-day

high 2.33, as against our target of
2.34. The Stochastic is in a buy
mode and the stock is trading
above the 10, 20 and 40 day
DEMAs. Investors may buy the
stock, with a stop loss of 2.18, for
a target of 2.50.

2 Feb 2010
GCC Technical Watch

Technical Outlook
Pivot Table
Symbol
R2
R1
PP
S1
S2
Dana
0.93
0.92
0.90
0.89
0.87
DANA was still trading above the

10
day
DEMA
value,
which
stands at 0.88. The Stochastic is
Dana Gas PJSC (Abu Dhabi Securities Market)
in a buy mode, suggesting a

minor upward movement. The
MACD is still in a negative mode.
The RSI is trading at 40, which
also indicates that the stock
movement will be slow, in the
near future. Investors may buy
the stock, with a stop loss of 0.88,
for a target of 0.99.
Technical Outlook
Pivot Table
IQCD touched an intra-day low of

102.80, which was slightly above
Symbol
R2
R1
PP
S1
S2
IQCD
105.80
104.60
103.70
102.50
101.60
Industries of Qatar (Doha Securities Market)
the major support level of 102.

The stock formed a DOJI pattern
at the lower level. The RSI is
trading at the 23 level, which is a
highly
oversold
zone.
The
Stochastic is still in an oversold

level. Short-term investors may
buy the stock, for a target of 105
and 108.

2 Feb 2010
GCC Technical Watch

Technical Outlook
Pivot Table
Symbol
R2
R1
PP
S1
S2
KFIN
1,107
1,093
1,067
1,053
1,027
KFIN, on Monday, closed in the

positive zone. The Stochastic is
Kuwait Finance House (Kuwait Stock Exchange)
in a buy mode, whilst the MACD

is still in a negative mode. The
CCI is trading at -25. Buying may
be witnessed above the 1,090
level. As of now, it is better to sell
the stock, with a stop loss of
1,090, for a target of 990.

2 Feb 2010
Corporate News & Announcements
Saudi developer Emaar Economic City, an affiliate of Dubai's Emaar Properties, will receive a long-term loan of
about SAR5bn from the Ministry of Finance, a source close to the deal said yesterday.
The Board of Directors of Alujain Corporation decided yesterday to appoint its member Eng. Khalid Ibrahim
Zagzoog as the Managing Director of the company effective from February 1, 2010 and for the rest of the current
board term expiring on December 31, 2011.

2 Feb 2010
Tadawul Market Performance & Valuation Table

Company
Current
Price
Change
(%)
MTD
%
YTD
%
52-Week Range
Volume
(000)
Value
(SAR 000)
Beta
Dividend
Yield (%)
PE
EPS
(SAR)
Free
Float (%)
Market Cap
(SAR mn)
14.1
2.02
48.7
42,600
Price/
Revenue
P/B
P/CF
ROA
(%)
ROE
(%)
7.3
1.5
14.7
1.7
10.7
4.2
RIBL
28.40
1.1
1.1
5.6
30.30 - 18.00
235
6,657
0.87
4.6
BJAZ
18.00
-0.3
-0.3
-6.0
26.80 - 13.65
232
4,195
1.05
2.8
N/A
N/A
67.8
5,400
4.5
1.1
19.0
0.7
SIBC
18.30
-0.3
-0.3
1.7
24.00 - 14.10
72
1,324
0.83
0.0
15.8
1.16
53.7
8,235
5.6
1.1
14.0
1.1
7.0
Saudi Hollandi
32.60
0.3
0.3
8.7
48.20 - 29.20
23
749
0.77
1.8
N/A
N/A
29.3
10,782
5.0
1.8
11.9
1.3
13.8
Saudi Fransi
41.50
-1.2
-1.2
2.0
50.25 - 32.67
38
1,580
0.92
2.4
12.2
3.42
54.7
30,013
6.9
1.9
10.6
2.2
17.3
SABB
48.90
0.0
0.0
12.7
61.50 - 39.00
88
4,332
0.79
1.8
18.1
2.71
32.9
36,675
7.1
2.8
13.2
2.1
20.3
Arab National
43.80
-0.5
-0.5
3.3
51.00 - 25.70
55
2,412
1.03
2.3
12.0
3.65
49.1
28,470
6.6
2.0
10.6
2.2
18.0
SAMBA
53.75
0.9
0.9
6.4
61.50 - 38.70
321
17,222
0.83
3.1
10.6
5.07
50.6
48,375
6.7
2.2
10.3
2.5
21.0
Al Rajhi
73.75
-0.3
-0.3
3.5
80.00 - 40.60
1,228
90,700
1.12
3.7
16.4
4.51
49.5
110,625
9.7
4.1
15.7
4.1
24.6
AL Bilad
18.05
0.3
0.3
-13.6
26.60 - 17.60
647
11,655
0.81
0.0
N/A
N/A
77.2
5,415
6.1
1.6
36.2
0.1
0.7
Alinma
12.70
-0.8
-0.8
0.0
14.55 - 10.00
23,884
304,257
0.88
0.0
86.0
0.15
69.9
19,050
N/A
1.2
N/A
1.3
1.4
CHEMANOL
15.20
-0.3
-0.3
-1.3
18.75 - 10.10
290
4,428
0.85
0.0
83.1
0.18
50.0
1,833
4.6
1.3
34.3
0.7
1.6
Petrochem
14.60
0.0
0.0
-6.1
17.40 - 10.00
581
8,492
1.07
0.0
N/A
N/A
17.5
7,008
N/A
1.5
N/A
0.0
-0.1
SABIC
85.75
-1.4
-1.4
3.9
91.75 - 33.60
1,730
149,155
1.32
1.7
28.4
3.02
22.6
257,250
2.5
2.4
55.0
3.1
8.4
SAFCO
126.00
0.8
0.8
4.1
129.00 - 85.50
144
18,047
1.03
10.3
17.1
7.38
37.3
31,500
11.7
4.5
13.7
21.0
26.1
Industrialization
26.90
0.0
0.0
-4.3
31.90 - 12.30
228
6,131
1.20
3.7
23.6
1.14
79.9
12,392
1.1
1.6
10.1
1.6
6.8
Alujain
17.00
-0.3
-0.3
-0.9
23.50 - 9.25
103
1,756
1.20
0.0
N/A
N/A
85.1
1,176
N/A
2.3
N/A
-0.8
-5.3
Nama Chemicals
10.05
0.0
0.0
-6.9
13.50 - 7.65
756
7,619
1.14
0.0
N/A
N/A
100.0
1,292
3.2
0.8
N/A
-1.4
-2.2
SIIG
21.25
-0.5
-0.5
-2.3
26.40 - 9.80
242
5,162
1.23
0.0
33.6
0.63
88.5
9,563
2.5
1.7
62.8
1.4
5.2
Sahara Petrochemical
20.20
0.0
0.0
-4.5
23.10 - 9.41
628
12,696
1.26
0.0
76.8
0.26
90.0
5,909
N/A
1.8
N/A
1.3
2.3
YANSAB
33.80
-0.6
-0.6
1.2
37.00 - 14.55
1,097
37,154
1.25
0.0
N/A
N/A
39.7
19,013
N/A
3.4
N/A
-0.1
-0.2
Sipchem
22.70
-0.2
-0.2
-4.8
24.80 - 14.70
201
4,569
1.13
4.4
53.7
0.42
82.1
7,567
9.1
1.3
26.6
1.2
2.4
Advanced
23.35
0.2
0.2
-6.2
29.10 - 13.65
481
11,187
1.21
4.3
26.0
0.90
95.7
3,301
2.3
2.0
16.1
3.7
7.6
Saudi Kayan
18.25
0.0
0.0
0.3
20.25 - 9.15
3,833
70,072
1.21
0.0
N/A
N/A
41.1
27,375
N/A
1.8
N/A
0.0
0.0
Petro Rabigh
32.30
1.9
1.9
-9.0
39.50 - 14.95
2,570
82,391
1.45
0.0
N/A
N/A
17.4
28,295
1.0
3.6
N/A
-2.7
-18.3
Arab Cement
42.10
0.2
0.2
-3.2
51.50 - 31.10
22
925
0.72
7.1
19.6
2.15
71.2
3,368
4.6
1.5
8.3
4.5
7.6
Yamamah Cement
49.90
-1.2
-1.2
5.3
52.00 - 28.10
147
7,308
0.75
6.0
12.0
4.16
87.4
6,737
5.8
2.2
13.1
15.2
18.4
10

2 Feb 2010

Company
Current
Price
Change
(%)
MTD
%
YTD
%
52-Week Range
Volume
(000)
Value
(SAR 000)
Beta
Dividend
Yield (%)
PE
EPS
(SAR)
Free
Float (%)
Market Cap
(SAR mn)
Price/
Revenue
P/B
P/CF
ROA
(%)
ROE
(%)
7.9
11.9
19.1
Saudi Cement
59.00
2.2
2.2
2.6
72.75 - 45.90
187
11,045
0.79
5.9
10.2
5.77
86.4
6,018
4.5
2.0
Qassim Cement
68.50
-0.4
-0.4
-1.4
76.00 - 37.13
39
2,702
0.74
5.8
10.1
6.76
51.3
6,165
6.2
3.4
5.0
27.0
33.1
Southern Cement
66.25
-0.4
-0.4
-1.1
69.50 - 46.40
42
2,767
0.64
7.5
12.8
5.17
44.2
9,275
7.0
3.9
10.8
26.7
31.1
Yanbu Cement
48.10
-1.0
-1.0
-0.8
56.75 - 35.10
129
6,219
0.67
8.3
10.5
4.58
52.5
5,051
5.4
2.1
8.1
17.0
19.9
Eastern Cement
47.40
0.0
0.0
-4.8
51.00 - 37.80
13
607
0.59
6.3
11.6
4.08
68.1
4,076
5.2
2.0
8.9
15.1
17.3
Tabuk Cement
18.85
-0.5
-0.5
-2.6
23.30 - 16.30
86
1,618
0.68
6.6
14.0
1.35
94.7
1,697
6.4
1.5
10.6
9.5
11.0
A.Othaim Market
57.25
3.2
3.2
12.8
66.50 - 30.00
378
21,291
0.80
2.6
16.6
3.44
51.0
1,288
0.4
3.8
10.5
6.3
22.6
Mouwasat
58.75
0.9
0.9
-4.1
65.00 - 51.50
66
3,894
0.47
1.7
13.7
4.28
30.0
1,469
3.0
3.2
10.8
15.1
23.3
SASCO
12.95
-0.4
-0.4
-3.4
17.65 - 10.75
359
4,669
0.95
0.0
17.2
0.75
100.0
583
3.1
1.2
15.8
6.1
6.8
Thim'ar
40.00
-1.5
-1.5
-6.5
48.10 - 16.85
706
28,695
0.98
0.0
N/A
N/A
100.0
400
3.0
5.7
N/A
-10.3
-14.7
Fitaihi Group
13.95
-0.4
-0.4
-5.7
22.30 - 10.50
250
3,492
0.95
0.0
65.7
0.21
79.5
698
4.5
1.1
49.2
1.5
1.7
134.25
0.6
0.6
0.4
139.00 - 111.00
40
5,365
0.61
5.0
14.4
9.35
87.9
5,370
2.1
7.4
14.6
29.9
51.7
Aldrees
37.70
-0.3
-0.3
-0.3
47.00 - 21.35
18
682
0.95
4.0
13.7
2.76
100.0
943
0.7
2.7
9.4
9.4
19.9
AlHokair
35.70
0.6
0.6
-3.3
39.50 - 21.30
113
4,032
1.10
9.8
11.4
3.14
51.0
2,499
1.3
2.3
8.5
12.2
20.2
Alkhaleej Trng
42.10
-0.5
-0.5
2.9
57.00 - 28.67
97
4,101
1.01
1.2
15.0
2.81
41.3
632
1.8
2.8
10.1
9.9
18.5
Gas&Industrialization
22.90
-1.7
-1.7
-2.1
25.00 - 18.10
196
4,507
0.85
6.6
18.7
1.22
68.2
1,718
1.1
1.7
11.3
6.7
9.1
Saudi Electricity
11.95
-0.4
-0.4
6.2
12.50 - 9.20
1,326
15,855
0.56
5.9
42.8
0.28
17.2
49,791
2.1
1.0
5.8
0.8
2.4
SAVOLA Group
33.30
0.3
0.3
10.3
33.70 - 16.50
215
7,155
0.95
3.0
17.5
1.90
73.9
16,650
0.9
2.4
14.1
5.5
13.7
Food
19.70
0.0
0.0
-1.3
26.00 - 11.90
242
4,762
1.11
0.0
68.6
0.29
100.0
394
5.5
2.2
32.6
2.9
3.2
Jarir
SADAFCO
42.20
-0.9
-0.9
0.0
46.20 - 17.55
95
4,033
0.99
3.6
15.6
2.71
58.2
1,372
1.4
2.3
15.7
10.3
14.9
171.00
1.2
1.2
3.6
182.00 - 135.00
61
10,407
0.82
2.3
17.9
9.54
44.8
19,665
3.4
3.7
12.9
10.0
20.4
Anaam Holding
64.00
-1.5
-1.5
6.7
84.50 - 29.70
201
12,976
0.90
0.0
N/A
N/A
100.0
698
10.7
6.2
N/A
-3.3
-6.7
HB
30.40
-1.0
-1.0
-4.1
48.00 - 18.80
209
6,368
0.75
4.9
19.6
1.55
44.5
869
1.4
1.9
12.9
7.9
9.5
NADEC
30.50
-0.7
-0.7
-9.5
43.00 - 27.30
77
2,348
0.80
2.5
N/A
N/A
48.8
1,830
1.4
1.9
10.1
-1.5
-3.9
9.95
-0.5
-0.5
-3.4
13.50 - 8.25
431
4,310
0.99
0.0
N/A
N/A
100.0
498
5.9
1.2
52.4
-1.2
-1.7
26.40
1.2
1.1
-1.1
31.20 - 17.25
192
5,014
1.05
1.9
75.0
0.35
72.5
528
3.1
1.4
13.4
1.7
1.9
Almarai
Qassim Agriculture
Tabuk Agriculture
11

2 Feb 2010

Current
Price
Change
(%)
MTD
%
YTD
%
52-Week Range
Volume
(000)
Value
(SAR 000)
Beta
Dividend
Yield (%)
PE
EPS
(SAR)
Free
Float
(%)
Saudi Fisheries
54.75
-1.4
-1.4
4.3
70.25 - 28.60
285
15,730
1.07
0.0
N/A
N/A
38.5
1,095
Sharqiya Dev Co
35.60
-0.3
-0.3
-6.1
60.25 - 18.15
103
3,682
1.09
0.0
N/A
N/A
100.0
Jouff Agriculture
35.70
0.0
0.0
-1.1
39.60 - 18.50
81
2,899
0.94
5.6
11.4
3.14
95.2
Bishah Agriculture
77.50
0.0
0.0
0.0
77.50 - 0.00
0.00
0.0
16.0
4.84
100.0
Jazan Development
13.40
-0.7
-0.7
-0.4
14.20 - 8.95
559
7,470
0.97
3.7
N/A
N/A
98.8
STC
44.10
0.5
0.5
0.0
57.25 - 33.70
425
18,672
0.74
6.8
8.2
5.41
Etihad Etisalat
45.00
0.0
0.0
3.7
49.10 - 31.00
416
18,702
0.92
2.8
10.5
4.31
9.90
0.0
0.0
-2.5
13.45 - 9.80
1,882
18,663
0.74
0.0
N/A
Atheeb Telecom
16.20
0.9
0.9
0.3
20.50 - 10.00
865
14,083
0.71
0.0
Tawuniya
79.25
2.3
2.3
10.5
82.00 - 26.80
899
71,627
0.98
Malath Insurance
25.10
-0.4
-0.4
-4.6
40.00 - 19.35
201
5,073
0.71
MEDGULF
25.30
-1.2
-1.2
3.3
30.40 - 14.50
454
11,570
ALLIANZSF
77.50
0.3
0.3
-2.5
102.25 - 51.50
175
SALAMA
54.75
1.9
1.9
4.3
80.50 - 31.60
441
Walaa Insurance
25.60
-1.5
-1.5
-4.5
39.40 - 16.15
Arabian Shield
26.60
-0.4
-0.4
-2.9
SABB Takaful
30.70
-0.3
-0.3
-8.6
SANAD
26.80
-1.8
-1.8
-1.8
58.50 - 15.30
SAICO
65.75
9.1
9.1
-6.1
98.00 - 29.30
Saudi Indian
53.75
1.9
1.9
2.4
71.75 - 29.10
Gulf Union
26.80
-1.8
-1.8
-6.3
37.00 - 14.55
111.25
-0.2
-0.2
12.4
247.00 - 55.00
Al-Ahlia
81.50
-2.4
-2.4
7.6
ACIG
55.50
2.3
2.3
AICC
25.60
-1.5
-1.5
Trade Union
23.40
-1.3
-1.3
Sagr Insurance
54.25
-0.5
-0.5
Company
ZAIN KSA
ATC
P/B
P/CF
ROA
(%)
ROE
(%)
9.3
8.1
N/A
-15.3
-21.1
267
8.3
3.2
15.7
-4.1
-5.6
714
2.7
1.3
6.6
10.9
11.7
388
N/A
6.9
N/A
N/A
N/A
670
16.0
1.0
N/A
0.6
0.7
16.3
88,200
1.7
1.7
5.4
9.9
21.3
58.5
31,500
2.4
2.6
7.3
9.7
24.6
N/A
45.0
13,860
4.6
1.6
N/A
-11.1
-35.9
N/A
N/A
35.0
1,620
N/A
N/A
N/A
N/A
N/A
2.5
13.4
5.93
53.4
3,963
1.8
2.8
N/A
4.2
21.0
0.0
N/A
N/A
47.5
753
4.5
3.0
N/A
1.0
2.9
1.03
0.0
13.8
1.83
25.0
2,024
1.5
2.2
25.5
4.9
15.8
13,669
1.02
0.0
N/A
N/A
31.0
775
5.4
0.0
N/A
0.0
-0.1
24,060
1.16
0.0
44.9
1.22
40.0
548
2.6
7.2
N/A
4.8
16.0
209
5,410
1.06
0.0
N/A
N/A
40.0
512
10.9
3.1
N/A
-4.2
-9.1
41.30 - 15.50
248
6,680
0.99
0.0
65.7
0.40
40.0
532
5.6
2.6
N/A
1.8
4.0
73.75 - 20.28
110
3,383
0.88
0.0
N/A
N/A
35.0
1,044
15.0
3.2
N/A
-2.1
-5.0
246
6,669
0.92
0.0
N/A
N/A
40.0
536
6.4
3.4
N/A
-3.5
-9.3
1,386
88,656
1.20
0.0
N/A
N/A
40.0
658
52.3
8.1
N/A
-4.1
-10.3
382
20,497
1.04
0.0
N/A
N/A
40.0
538
13.0
9.4
N/A
-12.0
-36.2
1,236
33,618
1.05
0.0
N/A
N/A
40.0
590
N/A
3.1
N/A
-1.0
-1.0
97
10,819
0.85
0.0
N/A
N/A
26.5
1,113
388.2
14.5
N/A
-3.2
-6.5
110.00 - 28.80
324
26,520
1.17
0.0
N/A
N/A
40.0
815
48.6
16.0
N/A
-17.5
-62.6
2.8
117.00 - 29.00
596
33,044
1.04
0.0
N/A
N/A
40.0
555
564.6
12.4
N/A
-27.8
-53.1
-8.2
35.90 - 17.55
244
6,306
1.20
0.0
N/A
N/A
40.0
512
N/A
3.3
N/A
-6.0
-8.1
-2.7
40.70 - 14.10
578
13,660
1.02
0.0
N/A
N/A
42.0
585
N/A
2.4
N/A
0.1
0.1
1.4
85.00 - 23.80
451
24,345
0.46
0.0
N/A
N/A
42.0
1,085
N/A
5.4
N/A
-0.5
-0.5
12
Market Cap
(SAR mn)
Price/
Revenue

2 Feb 2010

Company
Current
Price
Change
(%)
MTD
%
YTD
%
11.8
UCA
36.90
-2.1
-2.1
Saudi Re
11.70
-1.7
-1.7
Bupa Arabia
24.90
0.2
0.2
Weqaya Takaful
38.40
-0.5
-0.5
ARCCI
60.50
-1.2
-1.2
ACE
56.25
-0.9
AXA-Cooperative
29.40
-0.7
ALALAMIYA
34.80
SARCO
47.90
Saudi Advanced
13.85
Al Ahsa for Dev.
10.10
SISCO
13.90
Assir
52-Week Range
Volume
(000)
Value
(SAR 000)
Beta
Dividend
Yield (%)
41.70 - 17.50
2,054
75,571
0.85
0.0
0.4
14.60 - 8.60
564
6,625
0.58
0.0
-1.6
29.10 - 13.50
312
7,795
0.77
0.0
-22.7
54.75 - 10.00
478
18,348
0.29
0.0
-6.2
104.75 - 58.75
101
6,155
0.89
0.0
-0.9
2.3
94.75 - 10.00
162
9,205
1.02
-0.7
-4.2
49.70 - 10.00
421
12,419
0.95
-0.9
-0.9
43.00 - 32.90
996
34,971
0.2
0.2
-3.8
63.75 - 37.30
120
0.0
0.0
-1.1
16.00 - 9.40
-0.5
-0.5
-6.5
14.35 - 9.50
4.1
4.1
-6.4
15.25
-0.7
-0.7
Al Baha
18.15
-1.1
Kingdom
7.45
BCI
MAADEN
PE
Free
Float (%)
Market Cap
(SAR mn)
Price/
Revenue
P/B
P/CF
ROA
(%)
ROE
(%)
-0.5
N/A
40.0
738
N/A
4.0
N/A
-0.5
N/A
N/A
40.0
1,170
89.0
1.2
N/A
0.4
0.5
17.1
1.46
40.0
996
0.8
2.3
N/A
4.1
13.2
N/A
N/A
40.0
768
N/A
N/A
N/A
N/A
N/A
N/A
N/A
30.0
1,210
N/A
N/A
N/A
N/A
N/A
0.0
N/A
N/A
40.0
563
N/A
N/A
N/A
N/A
N/A
0.0
N/A
N/A
40.0
588
N/A
N/A
N/A
N/A
N/A
0.00
0.0
N/A
N/A
30.0
696
N/A
N/A
N/A
N/A
N/A
5,765
1.07
0.6
N/A
N/A
100.0
719
N/A
1.9
N/A
0.7
0.7
321
4,470
1.03
3.6
17.0
0.81
89.3
598
15.0
0.8
20.6
4.5
4.5
346
3,505
1.06
0.0
N/A
N/A
100.0
495
30.5
1.2
N/A
0.6
0.9
16.85 - 8.75
2,636
36,845
1.04
0.0
N/A
N/A
83.1
945
6.9
1.3
N/A
0.0
0.1
0.3
19.00 - 9.80
393
6,003
1.13
4.9
24.3
0.63
50.1
1,927
1.1
0.8
N/A
2.3
3.3
-1.1
0.8
24.35 - 10.50
1,161
21,308
1.05
0.0
N/A
N/A
100.0
272
N/A
2.7
N/A
-4.5
-5.6
-1.3
-1.3
58.5
7.85 - 3.45
14,418
107,492
0.81
0.0
N/A
N/A
5.0
46,935
10.9
1.9
N/A
0.8
1.6
31.20
-0.6
-0.6
3.3
33.92 - 16.80
84
2,634
0.90
4.8
14.6
2.13
78.6
858
1.7
2.4
11.4
10.1
16.7
16.70
-1.2
-1.2
-3.5
19.85 - 10.45
2,711
45,450
1.35
0.0
38.3
0.44
36.1
15,448
24.3
0.9
55.1
1.4
2.4
Astra Indust
35.70
2.3
2.3
1.1
39.00 - 18.30
375
13,251
1.07
1.4
12.9
2.76
31.1
2,646
2.6
1.7
13.0
9.9
11.8
Pharmaceutical
30.50
0.3
0.3
1.3
34.36 - 18.99
73
2,206
0.99
3.8
15.5
1.97
65.0
2,392
2.5
1.1
11.2
5.7
7.0
Glass
29.70
-0.7
-0.7
-2.6
36.70 - 24.90
102
3,036
1.02
5.1
16.3
1.82
76.6
743
6.1
1.6
13.5
8.9
10.0
FIPCO
35.50
0.3
0.3
-14.9
45.70 - 19.37
441
15,718
1.03
0.8
20.6
1.72
85.3
408
3.0
3.2
10.6
11.9
15.7
Maadaniyah
23.20
-0.4
-0.4
-8.3
32.40 - 17.52
97
2,261
1.05
1.7
38.2
0.61
64.5
593
1.9
1.7
N/A
3.2
4.5
Saudi Chemical
40.60
0.7
0.7
-1.9
43.80 - 20.00
236
9,548
0.94
0.0
8.5
4.75
97.0
2,568
1.6
2.1
8.6
12.7
24.3
SPM
51.50
0.5
0.5
-4.6
62.25 - 43.00
137
7,010
0.92
1.9
16.4
3.13
49.9
1,545
2.8
3.0
12.6
6.9
18.4
AlAbdullatif
41.00
0.0
0.0
-1.0
51.00 - 35.50
14
589
0.04
2.9
19.7
2.08
30.0
3,331
3.3
2.4
13.1
10.6
12.2
Saudi Export
33.20
0.0
0.0
-8.5
56.00 - 23.50
92
3,052
1.11
3.0
N/A
N/A
100.0
359
3.5
3.5
N/A
-4.3
-5.4
MMG
21.50
0.2
0.2
-10.4
36.24 - 21.35
507
10,888
0.79
3.7
66.7
0.32
46.2
2,688
1.2
1.5
8.0
1.3
2.2
32.10
-0.6
-0.6
-5.9
36.70 - 10.00
590
18,964
0.97
6.2
14.5
2.21
31.4
1,637
3.0
1.8
N/A
10.8
11.8
SSP
13
N/A
EPS
(SAR)

2 Feb 2010

Company
SCERCO
Current
Price
Change
(%)
MTD
%
YTD
%
52-Week Range
117.75
0.4
0.4
4.9
145.00 - 70.75
Volume
(000)
65
Beta
Dividend
Yield (%)
PE
EPS
(SAR)
Free
Float
(%)
7,568
0.94
2.5
14.9
7.89
63.6
2,944
Value
(SAR 000)
Market Cap
(SAR mn)
Price/
Revenue
P/B
P/CF
ROA
(%)
ROE
(%)
3.2
3.6
11.0
11.0
22.8
18.7
NGCO
39.90
0.0
0.0
4.2
52.25 - 33.40
93
3,708
0.99
6.3
14.3
2.80
53.9
1,264
6.2
2.7
10.5
14.1
SCACO
21.65
-0.2
-0.2
-11.6
36.30 - 17.00
589
12,762
1.13
3.5
15.8
1.37
81.2
1,645
0.7
1.3
10.9
3.1
8.0
SIDC
8.95
-0.6
-0.6
-2.2
12.40 - 7.65
496
4,469
1.06
0.0
N/A
N/A
100.0
358
1.6
1.2
24.8
-0.7
-1.2
SAAC
21.10
-0.2
-0.2
-8.5
27.10 - 14.00
473
9,998
1.12
2.4
12.0
1.75
87.5
2,437
0.7
1.5
4.4
5.0
12.3
APC
30.30
-0.3
-0.3
0.0
44.10 - 26.40
47
1,428
1.12
5.0
38.6
0.79
85.8
954
2.2
1.3
16.0
1.8
3.4
ZIIC
59.50
-0.4
-0.4
6.7
64.75 - 36.40
81
4,854
1.08
2.5
11.6
5.12
75.6
2,678
0.6
2.2
8.8
5.0
19.2
BABTAIN
36.00
0.8
0.8
4.3
50.50 - 33.30
359
12,938
0.97
4.2
13.3
2.70
100.0
1,458
1.4
2.5
10.0
9.7
19.0
SVCP
49.30
-0.4
-0.4
19.7
54.25 - 37.50
70
3,456
1.04
4.6
17.4
2.84
56.0
740
3.3
3.4
14.2
8.9
19.6
MESC
31.50
1.3
1.3
-10.5
46.80 - 24.60
359
11,290
1.14
3.2
24.7
1.28
48.0
1,260
1.2
2.0
18.2
3.0
8.0
RSH
61.00
1.2
1.2
-0.4
80.25 - 56.25
137
8,362
0.97
3.3
14.8
4.12
30.0
1,830
2.1
2.6
9.7
13.4
17.8
SRECO
24.45
0.0
0.0
-5.2
30.40 - 17.15
144
3,526
1.04
4.1
32.0
0.76
30.6
2,934
17.1
1.0
28.2
2.9
3.0
TIRECO
16.40
0.0
0.0
-2.4
19.70 - 14.10
47
765
0.88
7.3
35.8
0.46
69.0
2,460
11.1
0.9
21.8
2.0
2.5
MCDCO
28.50
0.4
0.4
5.9
34.70 - 23.40
113
3,207
0.82
4.2
23.0
1.21
83.5
4,697
17.3
1.2
18.8
4.8
5.1
ADCO
12.55
0.8
0.8
4.6
14.25 - 9.05
1,192
14,950
0.96
4.0
13.5
0.93
99.9
1,255
8.1
0.9
12.0
5.8
6.5
EMAAR.TASI
10.05
-1.5
-1.5
4.7
12.35 - 7.60
8,348
85,085
1.18
0.0
N/A
N/A
30.0
8,543
28.7
1.1
N/A
-3.1
-3.6
JABALOMAR
19.25
-0.3
-0.3
2.1
21.70 - 16.80
1,044
20,031
0.66
0.0
N/A
N/A
27.0
12,924
N/A
1.9
N/A
-0.5
-0.5
DARALARKAN
13.90
0.0
0.0
-1.1
19.00 - 11.47
1,000
13,890
0.60
10.8
7.1
1.97
61.5
15,012
2.7
1.1
6.9
9.0
15.0
NSCSA
18.90
0.3
0.3
6.5
20.00 - 15.05
642
12,133
1.00
5.3
16.4
1.15
66.4
5,954
3.6
1.2
7.7
3.5
7.3
2.3
SAPTCO
8.40
-0.6
-0.6
2.4
9.70 - 7.40
1,327
11,185
0.86
6.0
33.4
0.25
83.6
1,050
1.4
0.8
5.6
1.7
SLTCO
20.20
-0.5
-0.5
-7.6
28.00 - 12.10
220
4,465
1.01
0.0
66.2
0.30
100.0
364
7.0
2.1
20.8
2.5
3.2
BUDGET
65.25
0.8
0.8
8.3
75.50 - 37.60
61
3,986
0.99
3.1
13.9
4.69
43.6
1,194
2.5
2.9
3.8
11.3
21.1
TAPRCO
23.25
-1.3
-1.3
-6.4
37.60 - 17.00
80
1,863
0.99
5.2
64.4
0.36
100.0
349
3.1
1.6
12.2
1.8
2.5
SRMG
26.10
0.0
0.0
-6.8
35.30 - 25.50
16
428
0.75
7.7
40.8
0.64
60.5
2,088
2.1
1.6
16.3
2.4
4.0
SPPC
16.40
0.3
0.3
-0.6
22.05 - 16.25
84
0.82
9.1
13.1
1.25
47.5
984
2.7
1.3
9.0
7.3
9.7
SHARCO
30.60
0.3
0.3
0.0
35.20 - 21.10
47
1,456
0.87
3.9
5.6
5.51
52.7
2,112
2.9
1.3
5.1
20.7
23.4
TECO
32.40
-1.2
-1.2
-6.1
45.90 - 22.60
320
10,461
0.94
0.0
N/A
N/A
100.0
329
22.1
4.7
N/A
-3.2
-3.4
14

2 Feb 2010
Definition - Technical Indicators

Candlestick Patterns, DOJI
DOJI is a form of candlestick pattern. It normally suggests major up and down movements. Trading above the DOJI is positive for the
market. Trading below the DOJI value indicates bearish momentum.
Hammer
A small body (white or black) near the high with a long lower shadow with little or no upper shadow. This indicates a bullish pattern
during a downtrend.
Inverse-black-hammer: a bottom reversal signal with confirmation the next trading day.
Moving Average, SMA (Simple Moving Average)
Normally we use the 10, 20, 50 and 125 day SMA to identify the trend. A cross-over of the short-term moving average with the longterm moving average is positive for the market. The reverse is the case on the negative side.
DEMA - Double-smoothed Exponential Moving Average
We use the 10, 20 and 40 DEMA to identify a trend. A cross-over of the 10 and 20 DEMA gives a positive indication. A cross-over of
the 20 and 10 DEMA gives a negative indication. As long as a stock or index trades above the 40 DEMA, this gives a positive
indication for the stock or index. Trading below the 40 DEMA may create downside for a short time.
MACD - Moving Average Convergence and Divergence
The MACD has its own line period and another signal line; the dotted line indicates the signal line. When the MACD crosses the
signal line from below and trades above it, it gives a positive indication. The reverse is the situation for a bearish trend.
RSI - Relative Strength Index
When the RSI remains below 30, it indicates that a market or sttock is in oversold territory. When the RSI is above 70, it indicates
that the market/stock is in an overbought level.
Price ROC
When the Price ROC is above zero it gives positive signals for an index or stock. When the price ROC is below zero, it gives a
negative signal for the index or stock.
Stochastic Oscillators
When Stochastic Oscillators are below zero, the stock is in an oversold zone and some bounce back is expected. When Stochastic
Oscillators are above zero, the stock is in an overbought zone and some correction is expected.
Williams %R
When Williams %R is above zero, the stock is in an overbought zone and some correction is expected. When Williams %R is below
zero, the stock is in an oversold zone and some bounce back is expected.
CCI (Commodity Channel Index)
While the CCI was originally designed for commodities, the indicator also works very well with stocks and mutual funds.
There are two methods of interpreting the CCI:
1. Looking for divergences: A popular method of analyzing the CCI is to look for divergences in which the underlying security is
making new highs while the CCI is failing to surpass its previous highs. This classic divergence is usually followed by a correction in
the security's price.
2. As an overbought/oversold indicator
The CCI usually oscillates between +/-100. Readings outside these ranges imply an overbought/oversold condition.
Fibonacci Retracements
Fibonacci Retracements are based on a trend line that we draw between a significant trough and peak. If the trend line is rising, the
retracement lines will project downward; if the trend line is falling, the retracement lines will project upward. The number of Fibonacci
Retracement levels appearing on the chart depends on the range of the y-axis. If we want to see all nine retracement levels, we may
need to manually adjust the minimum and maximum values of the y-axis. Major Fibonacci Levels are 23.6%, 38.2%, 50%, 61.8%
and 100%.
15

2 Feb 2010
Whipsaw
A whipsaw is a situation in which a share price heads in one direction, but then is followed quickly by a movement in the opposite
direction. The origin of the term is the push and pull action used by lumberjacks to cut wood with a type of saw of the same name.
Gravestone Doji
In a Japanese Candle Stick chart, this is a doji candle where prices rallied but came back and closed at the level they started; the
open and close are equal.
Contact Us
Research Dept
Tel: +966 1 2119271
Fax: +966 1 2119368
research@alrajhi-capital.com
Al Rajhi Capital
P.O. Box 5561
Riyadh 11432
Kingdom of Saudi Arabia
www.alrajhi-capital.com
Al Rajhi Capital is licensed by the Saudi Capital Market Authority #7068/37
Disclaimer
Information and views expressed in this report are subject to change without notice. While proper care has been taken in the
preparation of this report, we do not represent that the information contained herein is accurate, complete or free of any
errors. As such, Al Rajhi Bank or its employees can not be held liable for any losses arising from the use of this document.
This report is prepared for your information from the sources believed to be reliable and is not an offer to buy or sell
security or enter into any agreement. Al Rajhi Bank, its affiliates, subsidiaries and employees may have a position in the
financial instruments mentioned in this report. This document or its content is not to be distributed in jurisdictions outside
the Kingdom of Saudi Arabia where its distribution is restricted by law.
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Saudi Stock Market Report

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Saudi Stock Market Report

The Saudi Market Index declined 0.2% to 6,243.02 amidst

Source: Tadawul Stock Exchange, Official Website

prices. The Petrochemical Index closed down 0.6% with SABIC

Value Traded (SAR)

dropping 1.4% to SAR85.75. Sentiment was mixed in the

Banking Sector with the Sector Index posting a minor loss of

0.1%. While SAMBA closed up 0.9%, Al Rajhi slipped 0.3%.

Source: Tadawul Stock Exchange, Official Website

Tadawul All Share Index

and recorded a handsome gain of 9.1%. Al-Ahlia led the losers

Energy & Utilities

Agriculture & Food Ind.

Building & Construction

Real Estate Development

Media and Publishing

Hotel & Tourism

Banks & Financial Services

Among the large caps, Saudi Electricity closed down 0.4%

The most active stock of the day, Alinma declined 0.8%.

and closed down 2.4%.

Source: Tadawul Stock Exchange, Official Website

Regional Market Statistics

Source: Official websites of the Regional Stock Exchanges