Mubasher Exclusive

Trump needs to lay out a clear plan regarding trade and tax policies - (Photo Credit: Arabianeye-Reuters)
27 February 02:05 PM Stock investors await Trump's speech to Congress
By: Mahmoud Gamal Mubasher: Investors are anticipating the US president's address to a joint session of Congress on Tuesday, with expectations of a big impact on the business environment in the US. Financial analyst at ForexTime (FXTM) Hussien …
Traders at DFM (Photo Credit: Arabianeye-Reuters)
27 February 06:09 AM Gulf exchanges need new liquidity – Analysts
By: Mahmoud Gamal Mubasher: Most Gulf markets need the entry of new liquidity to be able to break important resistance levels on Monday, amid the control of speculations and the decline of oil prices, capital market analyst Ahmed Akl told …
Capital Market Authority vice chairman Mohammed El-Kuwaiz at the launching ceremony of Nomu
26 February 04:36 PM CMA targets 35 Nomu-listed companies in 2017
By: Mohamed Idris Riyadh - Mubasher: The vice chairman of the Saudi Capital Market Authority (CMA) said that the Nomu-Parallel Market will attract between 30 to 35 companies before the end of the year. Mohammed bin Abdullah El-Kuwaiz also told …
Capital Market Authority vice chairman Mohammed El-Kuwaiz - (Photo Archive)
26 February 12:03 PM Saudi market among world’s top 10 by 2030 - CMA
By: Mohamed Idris Riyadh - Mubasher: The vice chairman of the Saudi Capital Market Authority (CMA) said that Saudi Arabia aims to be the biggest market in the Middle East by 2020, and one of the world’s top 10 by 2030. Mohammed bin Abdullah …
Gold prices are expected to decline to 1,220-1,200 points (Photo Credit: Arabianeye-Reuters)
26 February 06:17 AM US dollar likely to strengthen; gold prices to decline
By: Mahmoud Gamal Mubasher: The US dollar is expected to rise this week, amid anticipations of strong economic data that will increase the possibility of a rate hike by the US Federal Reserve next month; thus, pushing gold prices down. The US …
Traders at the Abu Dhabi Securities Exchange (ADX) (Photo Credit: Arabianeye-Reuters)
26 February 05:52 AM Investors likely to buy GCC stocks ahead of dividends
By: Mahmoud Gamal Mubasher: Most Gulf stock markets are expected to rise as portfolio investors will increase their positions, in line with the volatility of global stock and oil markets, analysts told Mubasher. Portfolio investors are likely to …
Photo Credit: Arabianeye-Reuters
25 February 03:14 PM Gulf companies showing interest in Nomu-Parallel Market
By: Mohamed Idris Riyadh - Mubasher: The CEO of the Saudi Stock Exchange (Tadawul) said that a number of companies from the Gulf region have requested to be listed on the Nomu-Parallel Market. Khalid Al-Hassan also told Mubasher, during a press …
TASI retreated 1.19% or 85.1 points (Photo credit: Arabianeye-Reuters)
24 February 04:17 PM TASI drops 85 pts, sheds SAR 21bn in week
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) concluded the week ended 23 February on a negative note, following pressure from the banks, telecoms, and basic materials sectors. The Tadawul All Shares Index (TASI) retreated 1.19% or 85.1 …
(Photo Credit: Arabianeye-Reuters)
23 February 02:58 PM Ahly for Real Estate denies KSA-housing deal suspension – Chairman
By: Heba El-Kordi Cairo – Mubasher: The chairman of Al Ahly for Real Estate Development on Thursday denied that his company suspended its signed housing agreements with the Saudi government. Hussein Sabbour told Mubasher in a phone interview that …
(Photo credit: Arabianeye - Reuters)
23 February 07:15 AM Gold rises after Fed's minutes
By: Mahmoud Gamal Mubasher: Gold prices increased on Thursday, after the US Federal Reserve showed lack of clarity on the new Trump administration's economic programme. By 04:05 GMT, Spot gold inched up 0.25% to $1,237.5 per ounce. US gold futures …
(Photo credit: Arabianeye - Reuters)
23 February 06:20 AM GCC markets' investors repurchase blue chips – Analysts
By: Mahmoud Gamal Mubasher: GCC short- and medium-term investors returned to purchasing leading stocks after the rise of Saudi and Emirati shares. Analysts expected that most of the GCC markets would extend their fluctuating performance that tends …
Saudi cement sector to recover by 2018 - (Photo Credit: Arabianeye-Reuters)
22 February 06:48 PM Saudi cement sector challenged by rise in production
By: Mohamed Idris Riyadh - Mubasher: The Saudi cement sector is facing additional risks from new production capacities, financial analyst at Aljazira Capital Jasim Al-Jubran told Mubasher. Al-Jubran indicated that as Umm Al Qura Cement and United …
(Photo Credit: Arabianeye-Reuters)
22 February 03:39 PM Tadawul sees marginal gains Wednesday
By: Thabet Shehata Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Wednesday at a slight rise, resuming gains after two straight declines. The market’s leading sectors saw mixed performances amid a continued drop in liquidity. The …
(Photo credit: Arabianeye - Reuters)
22 February 06:25 AM Gold falls hours ahead of US Fed minutes
By: Mahmoud Gamal Mubasher: Gold prices decreased on Wednesday, hours before the announcement of the US Federal Reserve meeting's minutes. By 3:15 GMT, Spot gold inched down 0.10% to $1,236.55 per ounce. US gold futures was 0.15% lower, …
(Photo credit: Arabianeye - Reuters)
22 February 05:47 AM GCC markets see important resistance levels – Analysts
By: Mahmoud Gamal Mubasher: The GCC markets will experience important resistance levels on Wednesday, amid the rising trend of oil and the return of expectations around the US interest hike, analysts said. The Saudi Stock Exchange (Tadawul) is …
Photo Credit: Arabianeye-Reuters
21 February 03:49 PM Tadawul posts losses for 2nd consecutive session
By: Thabet Shehata Mubasher: The benchmark index of the Saudi Stock Exchange (Tadawul) posted losses on Tuesday for the second successive session in line with a decline in liquidity. The index edged down by 0.2% or 14 points to close at 7,057.79 …
(Photo credit: Arabianeye - Reuters)
21 February 06:34 AM Profit gains to control GCC trades on Tuesday – Analysts
By: Mahmoud Gamal Mubasher: Analysts said that GCC markets are still trading at levels pushing them towards profit gains on Tuesday. The markets are trading at levels keeping them down, amid low liquidity, technical analyst Mahmoud Abu Zayed told …
Saudi White Cement Company's CEO Shoail Jarallah Al Ayed - (Photo archive)
20 February 10:28 AM White Cement Co. to raise production capacity – CEO
By: Mohamed Idris Riyadh – Mubasher: Saudi White Cement Company's CEO Shoail Jarallah Al Ayed said that the company intends to raise its production capacity from 320,000 tonnes to 945,000 tonnes per annum. The increase will seek to fulfill the …
(Photo credit: Arabianeye - Reuters)
20 February 06:09 AM KSA, Qatar stocks attract institutional, foreign liquidity – Analysts
By: Mahmoud Gamal Mubasher: Institutional and foreign liquidity were directed to medium and mega stocks listed on the Saudi and Qatar stock exchanges, which pushed them to the peak on Sunday. Analysts expected that most of the GCC markets would …
A positive upward trend is expected for Tadawul (Photo Credit: Arabianeye-Reuters)
19 February 04:05 PM Tadawul main index hits 3rd rise in row
By: Thabet Shehata Mubasher: The benchmark index of the Saudi Stock Exchange (Tadawul) levelled up by 0.12% or 8.9% to end Sunday’s trading session at 7,140.18 points; the third growth in a row and the highest level since 29 January. A positive …
(Photo credit: Arabianeye - Reuters)
19 February 06:22 AM Gold falls, US dollar recovers on economic figures
By: Mahmoud Gamal Mubasher: The announcement of growth in US consumer prices led to profit gains by gold traders and gave the US a space to recover. The US trade department said that the consumer prices index (CPI) for all items rose 0.6% in …
(Photo credit: Arabianeye - Reuters)
19 February 06:00 AM Traders advised to purchase GCC stocks – Analysts
By: Mahmoud Gamal Mubasher: Analysts advised traders to form purchasing positions in GCC stocks this week, with the end of the companies' result announcements and the annual distributions. The stability of oil prices since the beginning of the …
(Photo credit: Arabianeye-Reuters)
17 February 07:07 PM TASI market cap adds SAR 40bn in week, liquidity at 2017 low
Riyadh – Mubasher: The benchmark index of the Saudi Stock Exchange (Tadawul) closed the week ended Thursday, 16 February 2017 in the green above 7,100 points after two straight weekly declines. The Tadawul All Shares Index (TASI) grew 2.32% or …
The Central Bank of Egypt - (Photo Credit: Arabianeye-Reuters)
16 February 11:07 AM CBE expected to maintain interest rates
By: Noha Al-Nahhas Cairo - Mubasher: Analysts are expecting the monetary policy committee of the Central Bank of Egypt (CBE) to maintain interest rates in its meeting on Thursday. Last November, the CBE raised interest rates by 300 basis points …
(Photo credit: Arabianeye - Reuters)
16 February 06:56 AM GCC markets to post gains on Thursday – Analysts
By: Mahmoud Gamal Mubasher: GCC markets tend to achieve gains on Thursday, while global markets tend to record standard levels, which push traders toward risking in stocks, analysts said. The general performance of the GCC markets is moving in the …