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					                                            Middle East Financial Investment Company (MEFIC)
                                    7758‐King Fahd Road ‐ Olaya, Office # 1‐ Riyadh 12333‐ KSA
                          Tel: +966 1 218 6666 ‐ Fax: +966 1 218 6668 ‐ Toll Free: 800 12 MEFIC
                                                  C.R. 1010237038 ‐ CMA Licence No. 06029‐37


SAUDI STOCK EXCHANGE Market Daily Report                                                                                                                       January 4, 2010


                                                                               TODAY                                        MTD                                   YTD
 TADAWUL Index                                                             ▲        51.85                            ▲             80.00                 ▲                 80.00
                                         6,201.76
     (TASI)                                                                    0 84%
                                                                               0.84%                                       1 31%
                                                                                                                           1.31%                                  1 31%
                                                                                                                                                                  1.31%

                                                                                                                                                     Market Commentary
  Volume                                                                   Index                  It seems that investors’ open appetite triggered TADAWUL’s index to
   120    108.77                                                            6,220
                                                                                                  conclude the trading session upwards and remain in the green area with
  100                                                                       6,200
                        90.74                                 87.94                               an increase of 0.84% to close at 6,201.76 points. After 134 active stocks
    80                                            73.12
                                                                            6,180                 were traded, 68 stocks joined the green are against 52 red stocks
                                    63.17                                   6,160                 recording a hefty increase of 20.3% in trading volume and 31.7% in
    60                                                                                            trading turnover to stand at SAR 2,262 million with 87.9 million shares
                                                                            6,140
    40
                                                                                                    h i h d
                                                                                                  changing hands.
                                                                            6,120
    20                                                                      6,100                 The majority of TASI’s fifteen indices ended on a positive note, except
       0                                                                    6,080
                                                                                                  for four sectors, the Insurance sector was the worst performer amongst
             29‐Dec     30‐Dec      2‐Jan         3‐Jan       4‐Jan                               its peers, recording a slump of 1.59%. However, the Petrochemical
                  Volume (million shares)                   TASI                                  Investment sector ended as the top gainer with an increase of 2.07%.

                                                       Market Activity                            SABIC was the top gainer on the bourse closing at SAR 86 after adding
                                     Today              DoD %          YTD %                      3.30%; however,
                                                                                                  3 30%; however WEQAYA TAKAFUL topped the red list for the day after
Market Cap (SAR Bn)                          1,214         1.05%           1.58%                  slouching by 9.87% to close eventually at SAR 42.90. 
Volume (mil shares)                             87.9       20.3%
Value (SAR mil)                              2,262         31.7%


                                         Market Breadth Map                                                                                                  Market Sectors
                      Active        Gainers               Losers        Unch.                                                     Index      DoD %               YTD %
Count                    134                      68             52             14                Banks & Fin. Srv.              15,726.16     0.70%     ▲         0.3%     ▲
Volume (mil shares)                             64.7        15.0               8.2                Petrochemical Ind.              5,595.74
                                                                                                                                   ,           2.07%     ▲         3.7%     ▲
% to Market                                  73.6%         17.1%            9.3%                  Cement                          3,930.79     0.41%     ▲         0.4%     ▲
Value (SAR mil)                             1,612.8        490.8            158.6                 Retail                          4,379.73     0.24%     ▲         -0.2%    ▼
% to Market                                  71.3%         21.7%            7.0%                  Energy & Utilities              4,273.53     -0.05%    ▼         1.5%     ▲
                                                                                                  Agr. & Food Ind.                5,010.65     0.63%     ▲         0.0%     ▲
                                                 ▲         Top Gainers                            Tel.& IT                        1,832.52     -0.29%    ▼         2.3%     ▲
                                     Close                 DoD        Volume                      Insurance                       1,068.22     -1.59%    ▼         -1.1%    ▼
                                     (Riyals)           Change %      (mil. shares)               Multi-investment                2,441.65     0.08%     ▲         -0.1%    ▼
SABIC                                        86.00         3.30%             3.99                 Ind. Investment                 4,664.37     0.31%     ▲         -0.9%    ▼
SIIG                                         22.90         3.15%             1.01                 Bldg & Const.                   3,733.20     -0.03%    ▼         -0.5%    ▼
SRMG                                         28.30         2.54%            0.03                  Real Estate Dev.                3,262.68     0.17%     ▲         0.0%     ▼
Saudi Kayan                                  18.85         2.17%           17.13                  Transport                       3,457.01     0.51%     ▲         1.8%     ▲
MA'ADEN                                      17.65         1.73%             4.17                 Media & Publishing              1,903.25     1.45%     ▲         0.5%     ▲
                                                                                                  Hotel & Tourism                 6,042.08     0.70%     ▲         2.4%     ▲
                                                 ▼           Top Losers
                                     Close                 DoD        Volume
                                     (Riyals)           Change %      (mil. shares)                                                                                Volatility
Weqaya Takaful                               42.90
                                             42 90         -9 87%
                                                           -9.87%            1 64
                                                                             1.64                                                             30         60       90        52
FIPCO                                        37.70         -3.33%            0.41                                                            Days       Days     Days      weeks
Gulf Union                                   27.10         -3.21%            0.19                 TADAWUL Index                                 5.2%     7.5%      9.6%     23.8%
Anaam Holding                                58.00         -2.93%            0.16
Red Sea                                      60.00         -2.83%            0.28


                                                                                                                                                                           Page 1
                                                                        Middle East Financial Investment Company (MEFIC)
                                                                      Toll Free: 800 - 12- MEFIC (63342) www.MEFIC.com.sa
                                                                        (Kindly refer to the Disclaimer on the following page)
                                               Middle East Financial Investment Company (MEFIC)
                                       7758‐King Fahd Road ‐ Olaya, Office # 1‐ Riyadh 12333‐ KSA
                             Tel: +966 1 218 6666 ‐ Fax: +966 1 218 6668 ‐ Toll Free: 800 12 MEFIC
                                                     C R 1010237038 CMA Li            N 06029 37
                                                     C.R. 1010237038 ‐ CMA Licence No. 06029‐37


SAUDI STOCK EXCHANGE Market Daily Report                                                                                                                                                    January 4, 2010


                                                            Most Active By Volume                                                                                       Most Active By Turnover
                                       Volume                       % to             Close              DoD                                                          Value         % to         Close        DoD
                                       (mil. shares)                market           (Riyals)          Change %                                                     (SAR mil.)     market       (Riyals)   Change %

Saudi Kayan                                          17.1            19.5%              18.85            2.17%                  SABIC                                    336.9     14.9%           86.00      3.30%
Alinma                                               13.7            15.6%              12.75            0.39%                  Saudi Kayan                              319.1     14.1%           18.85      2.17%
MA'ADEN                                                4.2             4.7%             17.65            1.73%                  Alinma                                   174.3       7.7%          12.75      0.39%
SABIC                                                  4.0             4.5%             86.00            3.30%                  YANSAB                                      83.7     3.7%          34.50      0.00%
YANSAB                                                 2.4             2.8%             34.50            0.00%                  Petro Rabigh                                76.9     3.4%          36.10      0.84%


                                                                                                                                    Market Capitalization & Valuation Multiples
                                                            Today's Activity                                                      Market Capitalization                               Valuation Metrics*
                                                                % to                                   % to           No. o
                                                                                                                        o of       Sector    % to        a
                                                                                                                                                        Rank to
SECTOR                                 Volume                                        Value                                                                                           PE          P/B         ROE
                                         (mil sh.)              market           (SAR mil)             market         issues      C (SAR
                                                                                                                                  Cap       market      Market
                                                                                                                                    Billion)
Banks & Fin. Srv.                                15.77               17.9%              275.9            12.2%          11            332.79            27.4%           2           15.51           1.90      14.2%
Petrochemical Ind.                               35.01               39.8%           1,010.7             44.7%          14            422.24            34.8%           1           25.84           2.49       6.0%
Cement                                               0.24              0.3%              11.0             0.5%          8              42.61             3.5%           7           11.49           3.77      24.4%
Retail                                               1.27              1.4%              44.5             2.0%          9              13.93             1.1%          12           14.51           1.47      18.9%
Energy & Utilities                                   1.42              1.6%              16.8             0.7%          2              49.45             4.1%           4           27.65           2.83       6.6%
Agr. & Food Ind.                                     3.35              3.8%             112.4             5.0%          14             43.36             3.6%           6           16.89           3.11       6.4%
Tel.& IT                                             4.69              5.3%             113.0             5.0%          4             135.94            11.2%           3           10.35           2.04      16.1%
Insurance                                            6.45              7.3%             265.5            11.7%          26             23.56             1.9%          10           27.18           5.30       2.5%
Multi-investment                                     3.16              3.6%              42.5             1.9%          7              34.70             2.9%           8           19.58           1.44       4.0%
Ind. Investment                                      5.74              6.5%             128.9             5.7%          11             31.73             2.6%           9           15.60           2.33      14.7%
Bldg & Const.                                        3.94              4.5%             114.7             5.1%          13             22.26             1.8%          11           15.30           2.41      11.3%
Real Estate Dev.                                     3.24              3.7%              46.6             2.1%          7              47.19             3.9%           5           19.58           1.15       7.8%
Transport                                            2.49              2.8%              43.4             1.9%          4                8.26            0.7%          13           17.15           1.84       7.5%
Media & Publishing                                   0.23              0.3%                5.3            0.2%          3                3.62            0.3%          14           11.83           1.57       3.8%
Hotel & Tourism                                      0.95              1.1%              31.2             1.4%          2                2.54            0.2%          15            5.56           3.03      24.2%
                                                                                                                       *SSE Valuation Metrics are now calculated by simple averages excluding P/E > 40 & negative ROE.

                                                                               1 year TASI Index
                                                                                                                                                                                              In the News
        7,000
                                                                                                                                Saudi Cable Company has won a contract worth SAR 31
        6,500                                                                                                                   million to supply 66 Kilovolt cables for a project in Qatar
                                                                                                                                which is expected to be finalized within 18 months.
        6,000
                                                                                                                                (ZAWYA)
        5,500

        5,000
        5 000

        4,500

        4,000
                J‐09   F‐09 M‐09   A‐09 M‐09         J‐09    J‐09     A‐09    S‐09    O‐09      N‐09    D‐09   J‐10

                                    TASI             10 EMA                  30 EMA


                                                                                                                                                                                                            Page 2
                                                                                  Middle East Financial Investment Company (MEFIC)
                                                                                Toll Free: 800 - 12- MEFIC (63342) www.MEFIC.com.sa
This report is prepared in coordination with Kuwait & Middle East Financial Investment Co. KMEFIC www.kmefic.com.kw
Sources of Data feed: REUTERS (prices are subject to change as per market feed).
Legal DISCLAIMER: This report is being provided for informational purposes only and on the condition that it will not form a primary basis for any investment decision. This report is not an offer to buy or
sell any of the securities that may be referred to herein. In no event will MEFIC be liable for any loss occurring from investment decisions made based on the recommendation here-enclosed. Past
performance is not necessarily a guide to future performance. Investors should make their own decision on whether or not to buy or sell the securities covered herein based upon their specific investment
goals and in consultation with their financial advisor. MEFIC has no obligation to update, modify or amend this report or to otherwise make any notification or announcement thereof in the event that any
matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate. The inclusion of any opinions/estimates does not necessarily imply a
recommendation or endorse the views expressed within them. Many areas of the report contain opinions and/or analysis that represent the involved analysts' views; neither the analysts nor MEFIC shall
be in any way liable for their opinions expressed in the report. This report has been prepared and issued by the Research Department @ Middle East Financial Investment Co. (MEFIC), a licensed Saudi
financial investment company regulated by the Capital Market Authority. MEFIC prepared this report using publicly available information, internal data, and other sources considered reliable; however,
MEFIC makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability with respect to the report or the information, analysis, opinions, or
related graphics contained on the report for any purpose. While great care has been taken to ensure that the facts stated are accurate, neither MEFIC nor any of its employees shall be in any way
responsible for the contents. Neither this document nor any of its contents may be distributed in any jurisdiction where its distribution is restricted by law. Neither this document nor its content may be
copied, transmitted or distributed without the prior written consent of MEFIC. Additional information on the contents of this report is available on request.

				
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