Mubasher Exclusive

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22 April 02:43 PM Tadawul awaits major events this week
Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of important events next week, between 23 and 27 April, led by the bourse’s decision to amend the transactions settlement cycle. The Saudi Stock Exchange …
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20 April 05:46 PM Tadawul hits highest decline in 13 weeks; Nomu rises in week
Mubasher: The main index of the Saudi Stock Exchange (Tadawul) lost 2.5% or 177.9 points to reach 6,899 points by the week ended on 20 April from 7,076.92 points by the week ended on 13 April. Meanwhile, the main index (NOMU) of the Nomu-Parallel …
(Photo Credit: Arabianeye-Reuters)
20 April 03:50 PM Nomu ends Thursday in red
Riyadh - Mubasher: The main index (NOMU) of the Nomu-Parallel Market decreased 0.23% or 11.50 points to close at 4,947.92 points on Thursday. Traded value fell to SAR 4.68 million compared to SAR 5.06 million on Wednesday, while traded volume went …
(Photo Credit: Arabianeye-Reuters)
20 April 03:23 PM Tadawul retreats on collective decline Thursday
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) retreated on Thursday amid a negative performance of all sectors and significant improvement in liquidity. The main index went down 0.71%, or 49.06 points to reach 6,899 points. Turnover …
(Photo archive)
20 April 02:49 PM Petroleum producers may be forced to extend output cut – Al-Falih
By: Amr Adel Abu Dhabi – Mubasher: Petroleum producing countries would be obliged to extend the output cut deal, the Saudi energy minister said at the 3rd GCC Petroleum Media Forum. Khalid Al-Falih added that there is a rising consensus concerning …
The GCC Petroleum Media Forum in Abu Dhabi
20 April 12:25 PM Russia nods to oil output cut renewal – Kuwait official
By: Amr Adel Abu Dhabi – Mubasher: The oil minister of Kuwait, Essam Al-Marzouq, on Thursday said that Russia has approved in principle extending the agreement of reducing oil production to later than June. Russia’s compliance with the output …
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20 April 10:20 AM Kuwait likely to renew oil output reduction deal
By: Amr Adel Abu Dhabi – Mubasher: The agreement previously sealed for reducing oil production may be extended to later than June, endorsed by the commitment of non-members of the Organization of Petroleum Exporting Countries (OPEC), the oil …
Traders at Boursa Kuwait (Photo Credit: Arabianeye-Reuters)
20 April 07:57 AM GCC exchanges likely see important resistance - Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets will test important resistance levels on Thursday and next week, amid the economic changes the region is witnessing, Mohamed Radwan, a member of the International Federation of Technical Analysts …
(Photo Credit: Arabianeye-Reuters)
19 April 03:38 PM Nomu gains 74 pts at Wednesday close
Riyadh - Mubasher: The main index (NOMU) of the Nomu-Parallel Market rose 1.52% or 74.31 points to close at 4,959.42 points on Wednesday. Traded value increased to SAR 5.06 million compared to SAR 2.97 million on Tuesday, while traded volume went …
(Photo Credit: Arabianeye-Reuters)
19 April 03:17 PM Tadawul ends Wednesday in green
Riyadh – Mubasher: The main index of the Saudi Stock Exchange (Tadawul) went up 0.08% or 5.68 points to close at 6,948,06 points on Wednesday. Traded value decreased to SAR 2.6 billion compared to SAR 3.25 billion on Tuesday, while traded volume …
UAE energy minister Suhail Al Mazroui (Photo Credit: UAE energy ministry website)
19 April 12:38 PM OPEC to discuss deal extension in May – UAE minister
By: Amr Adel Abu Dhabi – Mubasher: The Organization of Petroleum Exporting Countries (OPEC) is scheduled to meet in Vienna next month to discuss the results of implementing the oil output reduction deal, UAE energy minister Suhail Al Mazroui said …
(Photo Credit: Arabianeye-Reuters)
19 April 10:30 AM March data shows stronger oil deal compliance - OPEC official
By: Amr Adel Abu Dhabi – Mubasher: Oil producing countries have shown stronger compliance in March to the agreement signed to trim oil output, secretary general of the Organization of Petroleum Exporting Countries (OPEC) Mohammad Barkindo said …
(Photo Credit: Arabianeye-Reuters)
18 April 03:37 PM Nomu ends Tuesday on mixed note
Riyadh - Mubasher: The main index (NOMU) of the Nomu-Parallel Market shed 0.15% or 7.46 points to close at 4,885.11 points on Tuesday. Traded value fell to SAR 2.97 million compared to SAR 8.2 million on Monday, while traded volume decreased to …
(Photo Credit: Arabianeye-Reuters)
18 April 03:31 PM Tadawul loses 69 pts at Tuesday’s close
Riyadh – Mubasher: The main index of the Saudi Stock Exchange (Tadawul) fell 0.99% or 69.35 points to close at 6,942,38 points on Tuesday. Traded value increased to SAR 3.25 billion compared to SAR 2.98 billion on Monday, while traded volume …
(Photo Credit: Arabianeye-Reuters)
18 April 08:06 AM Long-term investors return to GCC markets; KSA at forefront - Analysts
By: Mahmoud Gamal Mubasher: Long-term investors have resumed purchasing leading stocks in Gulf stock markets as stock prices reached attractive levels, analysts told Mubasher, expecting further jittery-to-rising performance. The Saudi Stock …
Saudi minister of energy, industry and mineral resources Khalid Al Falih (Photo archive)
17 April 06:28 PM Al Falih: Oil market to rebalance mid 2017
By: Mohamed Idris Riyadh – Mubasher: The oil market is expected to reach a rebalance in mid-2017, after that it will no longer need extensions to the agreement by the Organization of Petroleum Exporting Countries (OPEC), Saudi minister of energy, …
The Saudi Energy Minister, Khaled Al Falih - (Photo Archive)
17 April 05:02 PM New Saudi company to deal with electricity suppliers
Riyadh - Mubasher: The Saudi minister of energy said on Monday that a new Saudi company will be established to buy energy from all suppliers. Khaled Al Falih told reporters on the sidelines of the Saudi Arabia Renewable Energy Investment Forum, …
(Photo credit: Arabianeye-Reuters)
17 April 04:02 PM Saudi Electricity's to privatise power sector – CEO
By: Mohamed Idris Riyadh – Mubasher: Saudi Electricity Co.'s (SEC) power production sector will consist of four companies and will be privatised, said CEO Ziyad Bin Mohammed Al Shiha on Monday. On the same note, Saudi minister of energy, industry …
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17 April 03:32 PM Nomu up 11 points at close
Riyadh - Mubasher: The Nomu-Parallel Market ended Monday’s trading session in green, as liquidity levels increased noticeably compared to the previous session. The main index (NOMU) went up by 0.22% or 10.77 points, and closed at the level of …
Photo Credit: Arabianeye-Reuters
17 April 03:27 PM TASI closes on marginal gains after 2 declines
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended Monday’s trading session in green, after closing two consecutive sessions in red. The Tadawul All Shares Index (TASI) levelled up 0.09%, gaining 6.3 points, and closed at the level of …
The plan is to produce 10% of KSA’s energy from renewable resources - (Photo Archive)
17 April 01:17 PM Saudi Arabia to launch 30 renewable energy projects
By: Mohamed Idris Riyadh - Mubasher: The Saudi energy minister revealed that launching the King Salman program for renewable energy will produce 10 gigawatts (GW) from solar, wind, and hydroelectric power, across the kingdom. Khaled Al Falih also …
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17 April 07:44 AM Geopolitics lead to selling blue chips at GCC markets – Analysts
By: Mahmoud Gamal Mubasher: Foreign investors are increasingly selling leading stocks in Gulf stock markets in line with the anticipation for the first quarter’s financial statements and the current geopolitical tension, analysts told Mubasher. …
The Emirati Minister of Energy, Suhail Al Mazroui - (Photo Credit: Mubasher Archive)
16 April 06:56 PM Oil prices corrections to continue this year - Minister
By: Amr Adel Dubai - Mubasher: The UAE minister of energy, Suhail Al Mazroui, expects the correction wave in oil prices globally to carry on in 2017. Al Mazroui said on Sunday that the correction movement could take a longer time, noting that it …
Photo Credit: Arabianeye-Reuters
16 April 03:34 PM Nomu down 44 points with lowest liquidity ever
Riyadh - Mubasher: The Nomu-Parallel Market ended Sunday’s trading session in red for the second consecutive session, as turnover reached its all-time lowest level. The main index (NOMU) lost 0.89% or 43.94 points, and closed at the level of …
(Photo Credit: Arabianeye-Reuters)
16 April 08:50 AM GCC market investors remain cautious amid geopolitical developments – Analysts
By: Mahmoud Gamal Mubasher: Caution will continue to be the dominant theme across GCC stock markets this week, after global markets fell last week on the back of a US-led airstrike on Afghanistan, as well as the ongoing tension between the US and …