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    GULF INVEST SERVICES HOLDING

     Company’s replay on the MSM enquiry of our share Price increase

    Mar 13, 2012 09:07 AM
    1. The prices of all investment holding companies have gone up year to-date in 2012, as reflected below. This is due to the fact that last year all such companies were trading at a huge discount to their respective net asset value per share. With the revival of the market sentiment in the GCC region, investors are scouting for undervalued stocks and all investment holding companies are on their investment radar due to their “undervalued” status.
    Investment Cos/ Brokerage - YTD Performance

     

    Investment Companies/ Brokerage
    29-Dec-11
    12-Mar-12
    YTD (% Chg)
    Gulf Investment Services
    0.052
    0.083
    59.60%
    ONIC Holding
    0.17
    0.255
    50.00%
    Transgulf Inv. Holding
    0.06
    0.084
    40.00%
    Financial Services
    0.055
    0.077
    40.00%
    Oman & Emirates
    0.094
    0.127
    35.10%
    Global Fin. Inv. Co.
    0.056
    0.073
    30.40%
    Al Batinah Devp and Inv.
    0.034
    0.04
    17.60%
    Al Anwar Holding
    0.108
    0.125
    15.70%
    Al Sharqiya Inv Hold
    0.096
    0.109
    13.50%

     

     
    1. With improvement in stock prices in the GCC region in the current year, the investment holding companies with diversified investment portfolio are likely to benefit. The investors are recognising this possibility and are investing in such companies to benefit from capital appreciation in the share price of such companies.
     
    1. With respect to GIS in Particular, we do not have any specific development to report which may have caused a spurt in share price of the Company. We have made adequate disclosures in the Chairman’s Report and Management Discussion and Analysis while presented audited accounts for 2011. These have been uploaded in the MSM website and also published in accordance with regulatory guidelines.
     
    1. The trading volumes in GIS has been always traditionally higher as the promoter shareholding in GIS is around 60% and the free float in GIS stock is close to 40%, which is higher than many of its peers. The large part of free float is with retail investors which adds to the liquidity of the stock. The liquidity of the stock is the key reason why the Company is included in MSM 30s.

     

     

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