Dec 13 2011 |
more articles from Zawya |
MENA's Most Valuable: Newly listed companies' performance
By Marwa Farrukh, Sandra El Gemayel and Wissam Keyrouz
The five most valuable newly listed companies in the Middle East and North Africa belong to the Financial Services and Retail sectors and to the Kuwaiti, Syrian, Qatari and Palestinian markets, Zawya research shows.
However, the five lowest ranking companies all belong to the Financial Services sector in the Saudi market.
For many years now, the Middle East and North Africa region has undergone a lot of scrutiny due to its political, financial and economic activity. Investors have shown a great deal of interest in the MENA's financial sector and stock markets due to their great confidence in the latter's potential growth. As a result of this interest, stock markets have experienced an increase in trading activity and the number of listed companies.
We narrowed down our search to 37 companies based on the following criteria:
- Listed on a MENA stock market.
- Established between the years 2005 and 2011.
- Listed between January 1, 2009, and May 31, 2011.
- Minimum required amount of financial data available.
We used both financial and market performance indicators to monitor each company. We calculated Operating Profit Margin as the financial indicator of the return achieved from the standard operations of the company, and Value Traded/ Market Capital as the market indicator of the company's liquidity. We also considered the price flow of each company starting from the listing date until June 30, 2011, representing market performance and price volatility, and then calculated the percentage change in price.
Each company is accompanied by its profile, a general overview and a summary of the corporate actions which indicate how active it is.
Each ratio is assigned a certain weight according to Zawya's assessment of financial indicators and according to its importance, and classification will be done accordingly. The weights are assigned as follows:
- Value Traded/ Market Capital (40%)
- Operating Profit Margin (50%)
- Percentage change in price (10%)
Marwa Farrukh, Sandra El Gemayel and Wissam Keyrouz are Market Analysts at Zawya.
© Zawya 2011
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment