GulfBase GCC Cap Indices
IndexLevelChg%
Large Cap4,019 -0.10
Med Cap3,848 -0.05
Small Cap4,895 -0.24
Micro Cap8,498 -0.25

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Ticker Price Volume
GFH 0.5 1,361,733
BKSB 0.14 70,617
DAMAC 3.85 372,716
DSI 0.39 34,049,322
ALINMA 16.47 22,194,374
DANA 0.62 13,288,208
EEC 18.02 328,623

GCC Cement Sector

Source: Global Investment House

GCC Cement Sector Earnings in 9M-2008
GCC cement sector witnessed a significant boom in the previous year on account of acute demand by the real estate, construction and other projects. The same trend continued and the companies continued to face heightened demand. The revenues earned by the cement companies continued to rise but the same didn’t result in their profits.
Overall, the profitability of the GCC Cement sector listed companies declined by 15% to US$1.46bn in 9M-2008 as compared to US$1.72bn in 9M- 2007. If we discount the companies listed in Kuwait, which are more of cement traders than producers, the profitability decline comes to 6%. The countries which led to the tumult were Kuwait and UAE, whose profitability went down by 74% and 15%. Qatar and Oman cement companies stalled the decline and their profitability went up by 37% and 11% respectively.

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