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Saudi Stock Market

Weekly Report

Week Ending Wednesday 27 December 2006

Tadawul All Share Index

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Saudi Stock Market Weekly Report – 27-December-2006


Bakheet Financial Advisors

Bakheet Financial Advisors (BFA) is a licensed Financial Advisory by the Capital Market Authority (CMA) of Saudi Arabia.Saudi Stock Market Weekly Report – 27-December-2006

Wednesday, December 27, 2006

Market Comments Volume Traded (Shares) 1,369,894,284 The Saudi Tadawul All Share Index (TASI) edged higher this week with remaining slight fluctuations on the general daily index movement as a result of more selling pressure after any market increase in fear of more acute decline stimulated by negative rumors dissipated by profit takers and choppy market manipulators. The TASI direction was foremost impacted by risky and speculative companies for this week.
As the surge of such companies limit-up for consecutive days without any financial justification would reflect negatively on the index when risky companies plummet limit-down caused by a convinced day traders that they’re over valued causing the market to panic and affecting the over all market.
“Bakheet Saudi small cap Index” lost 2% while “Bakheet Saudi large cap Index” have gained 1% for the week. On Saturday December 23,” Fawaz AlHokair” was listed and started trading within the services sector to lose 30% of its cost value of SAR 110 during this week.
With regard to the market news: The Saudi Tadawul All Share Index website won the prize of “2006 digital distinction” for the second time on a row as the best website for Business Electronics presented by the Ministry of Communication Information Technology and the release of the final investment funds rules and regulations by the Saudi Capital Market Authority(CMA).
With regard to the listed companies news, the CMA approved the capital increase request for “ALRAJHI” to SAR 13.5 billion by issuing one free share for every share and approved the capital increase request for “SAIB” to SAR 3.9 billion by issuing one free share for every 1.7 share. Crude oil prices fell this week influenced by the decreasing demand on the heating fuel in the US as it’s expected to be a mild winter with WTI declining $1.8 or 3% to close at $61 per barrel on last Tuesday December 26, comparing to one week before.
TASI closed on Wednesday, December 27, 2006, the last day of trading for 2006, at 7933 points, 1% up comparing to
last week close. At this week close, the Saudi stock market has lost 53% of its value since year start after 3 years of continues growth. Market trading value has waned this week to SAR 59.1 billion against SAR 63.4 billion last week. “Fawaz AlHokair” is the most traded this week with 9% stake , then “Anaam” and “ALRAJHI” follow with 5% each.
The week after next week expectations: with the end of 2006 and approaching corporate results for the leading companies, we expect that the prospective market direction will depend heavily on the growth of corporate profits results. As Saudi investors at the beginning phase of the learning curve, it’s essential to increase investors’ awareness to limit sharp fluctuations cause by speculations.

Tadawul All Share Index

Date Price Volume

20-Dec-2006 7865.22 265,302,805

23-Dec-2006 7797.84 270,882,338

24-Dec-2006 7813.23 274,565,223

25-Dec-2006 7859.46 335,804,269

26-Dec-2006 7801.24 319,197,578

27-Dec-2006 7933.29 169,444,876

Tadawul All Share Index

Top 5 Winners

Top 5 Losers

Closing Price as of 20 December 2006 7865.22

Closing Price as of 27 December 2006 7933.29

Weekly Percentage Change (%) 0.9%

(1) Saudi Fisheries Co. 31.4%

(2) National Metal Manufacturing and Casting Co. 20.7%

(3) Tihama Advertising & Public Relations Co. 12.5%

(4) The Saudi Investment Bank 11.3%

(5) National Gypsum Co. 8.2%

(1) Fawaz Abdulaziz AlHokair Company -29.5%

(2) Al Jouf Agricultural Development Co. -18.1%

(3) Al Gassim Agricultural Co. -8.7%

(4) Saudi Automotive Services Co. -8.0%

(5) Saudi International Petrochemical Co. -7.9%

Saudi Stock Market Weekly Report

Week Ending

Wednesday, 27 December 2006

Saudi Stock Market Weekly Report – 27-December-2006

Wednesday December 27, 2006

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