Mubasher Exclusive

Photo Credit: Arabianeye-Reuters
27 March 06:02 PM Egyptian banks obtained $16bn since flotation
Cairo - Mubasher: The deputy governor of the Central Bank of Egypt (CBE), Gamal Negm, said that clients total US dollar sales to banks in the Egyptian market reached $16.2 billion since freeing exchange rates until now. Negm added in a conference …
(Photo Credit: Arabianeye-Reuters)
27 March 03:32 PM Tadawul records lowest liquidity since October on Monday
Riyadh – Mubasher: The main index of Saudi Stock Exchange (Tadawul) shed 0.32% or 22 points to the level of 6,852,13 points. Traded value reached SAR 2.48 billion compared to SAR 2.6 billion on Sunday, while traded volume stood at 111.78 million …
Traders at Boursa Kuwait (Photo Credit: Arabianeye-Reuters)
26 March 07:31 AM Traders expected to invest in GCC blue chips
By: Mahmoud Gamal Mubasher: Most GCC markets are expected to see a sideways-to-bullish trend on Sunday, amid the rise of oil prices, analysts told Mubasher. Stability of oil prices above $50 per barrel and the approach of first-quarter results …
(Photo Credit: Arabianeye-Reuters)
23 March 04:38 PM Egypt temporarily postpones Brazilian meat imports – Ministry official
By: Mostafa Adel Cairo – Mubasher: The Ministry of Agriculture decided to postpone importing Brazilian meat until it confirms the products’ validity for human consumption, the ministry’s official spokesperson Hamed Abdel Dayem said. Meats imports …
(Photo credit: Arabianeye - Reuters)
23 March 03:36 PM TASI ends 3-day losing streak Thursday
Riyadh – Mubasher: The Tadawul All Shares Index (TASI) rose at Thursday’s close by 0.68% or 46.38 points to the level of 6,878.68 points, ending a three-day losing streak. Turnover declined to SAR 2.92 billion on Thursday from SAR 2.98 billion on …
(Photo Credit: Arabianeye-Reuters)
23 March 03:27 PM Nomu declines 3rd day in row
Riyadh - Mubasher: The main index of Nomu-Parallel Market fell for the third session in a row by the end of Thursday’s trading, reaching its lowest level since its launch on 26 February. The main index (NOMU) declined 0.94%, or 48.5 points, …
(Photo credit: Arabianeye - Reuters)
23 March 11:06 AM Tadawul, Nomu open Thursday in green
Riyadh – Mubasher: The main index of the Saudi Stock Exchange (Tadawul) rose 0.83% or 56.76 points to 6,889.06 points at Thursday's open. By 10:52 KSA time, 32.8 million shares were exchanged at a value of SAR 635.5 million. The materials sector …
(Photo credit: Arabianeye - Reuters)
23 March 06:10 AM Foreign traders sell GCC stocks after oil decline – Analysts
By: Mahmoud Gamal Mubasher: Foreign sales increased on the leading stocks of the GCC markets, which pulled most of them to downward on Wednesday, along with oil losses, which reached unexpected low levels, according to analysts. Analysts expected …
(Photo credit: Arabianeye - Reuters)
23 March 05:56 AM Global markets to see fluctuations after London incident – Analysts
By: Mahmoud Gamal Mubasher: Analysts expected that global markets would continue in their fluctuating performance with a tendency to decline during the rest of the week, amid concern in Britain after the parliament incident. "Five people were …
The main index closed at 5,140 points - (Photo Credit: Arabianeye-Reuters)
22 March 04:23 PM Nomu closes Wednesday down 1.76%
Riyadh - Mubasher: The Nomu-Parallel Market ended Wednesday’s trading in red, for the second consecutive session. The main index (NOMU) lost 1.76% or 91.93 points, and closed at the level of 5,140.08 points. Traded values decreased to SAR 12.18 …
The main index reached its lowest level in six sessions - (Photo Credit: Arabianeye-Reuters)
22 March 03:53 PM Tadawul down at close for 3rd day in row
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) continued Wednesday its downward trend for the third consecutive day, seeing its biggest daily decline rate in March. The Tadawul All Shares Index (TASI) ended Wednesday’s trading session down …
(Photo archive)
22 March 12:13 PM Jarir retains provision for EGP devaluation losses – Chairman
By: Mohamed Idris Riyadh – Mubasher: Jarir Marketing's chairman said on Wednesday that the company had set aside a provision for the probable losses resulting from the Egyptian pound's devaluation. On the sidelines of the Third Saudi Conference …
(Photo archive)
22 March 08:40 AM Tadawul qualified to join global indices – El-Kuwaiz
By: Mohamed Idris Riyadh – Mubasher: The Saudi market is qualified to join global indices after achieving several qualifying factors, Mohammed El-Kuwaiz, vice chairman of the country's Capital Market Authority (CMA), said. El-Kuwaiz added that …
(Photo credit: Arabianeye - Reuters)
22 March 05:43 AM New liquidity necessary for GCC markets' recovery – Analysts
By: Mahmoud Gamal Mubasher: The GCC markets need new liquidity to be injected on Wednesday to break through new resistance levels amid the speculative trend, after the fall in oil prices and global markets, analysts said. All the GCC stock rose on …
The main index went down by 2.66% - (Photo Credit: Arabianeye-Reuters)
21 March 03:57 PM Nomu loses 2.66% at Tuesday's close
Riyadh - Mubasher: The Nomu-Parallel Market ended Tuesday’s trading session in red, as all of its stocks declined except for Al Samaani Factory for Metal Industries. The main index (NOMU) lost 2.66% or 142.81 points, and closed at the level of …
Photo Credit: Arabianeye-Reuters
21 March 03:37 PM TASI closes Tuesday in red for 2nd session in row
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended Tuesday’s trading session in red due to the pressure of selling activity, closing with marginal losses after seeing gains earlier in the session. The Tadawul All Shares Index (TASI) …
SAMA headquarters (Photo archive)
21 March 02:03 PM SAMA ready to deal with US Fed decisions – Official
By: Mohamed Idris Riyadh – Mubasher: Every decision taken by the US Federal Reserve regarding interest rates is studied and its impact on Saudi Arabia is analysed even before the official decision is taken, vice governor of the Saudi Arabian …
President of the Saudi General Authority for Statistics Fahad Bin Sulaiman Al Tekhaifi (Photo credit: Mubasher)
21 March 12:44 PM Unified GCC demographic statistics to be released for 2020 – Official
By: Mohamed Idris Riyadh – Mubasher: The GCC Statistical Centre (GCC STAT) is working on a number of joint projects, including issuing a unified statistical report on the GCC population for the year 2020, said the president of the Saudi General …
(Photo credit: Arabianeye - Reuters)
21 March 05:41 AM Kuwait, Qatar stocks attract institutional and foreign liquidity
By: Mahmoud Gamal Mubasher: The liquidity of institutions and foreign investors was directed at medium and big stocks listed in Boursa Kuwait and the Qatar Stock Exchange (QSE), which moved them up on Monday, according to analysts. Analysts …
The benchmark index closed at 6,919 points - (Photo Credit: Arabianeye-Reuters)
20 March 03:34 PM TASI down 0.5% at close
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended Monday’s trading session in red due to the negative performance seen by all of its sectors, with turnovers reaching its lowest level in six sessions. The Tadawul All Share Index (TASI) …
The general index closed at 5,375 points - (Photo Credit: Arabianeye-Reuters)
20 March 03:28 PM Nomu closes Monday up 0.3%
Riyadh - Mubasher: The Nomu-Parallel Market ended Monday’s trading session in green, as four stocks closed at a rise and three declined. The main index NOMU went up 0.29%, gaining 15.4 points, and closed at the level of 5,374.8 points. Traded …
(Photo credit: Arabianeye - Reuters)
20 March 01:41 PM Egypt to receive 2 diesel fuel shipments on 25, 26 March
By: Ahmed Allam Cairo – Mubasher: The ministry of petroleum's official spokesman Hamdy Abdel Aziz said that Egypt will receive two petroleum shipments from Saudi Aramco on 25 and 26 March. Abdel Aziz told Mubasher on Monday that Egypt received two …
(Photo credit: Arabianeye - Reuters)
20 March 05:54 AM GCC markets to see new resistances on Monday
By: Mahmoud Gamal Mubasher: The GCC markets will experience new resistance levels on Monday, amid changes in oil prices. Technical analyst Mohamed Radwan told Mubasher that oil will be the main motive that will control markets until the end of the …
Photo Credit: Arabianeye-Reuters
19 March 08:40 PM Egypt receives two oil shipments from Saudi Aramco
By: Ahmed Allam Cairo - Mubasher: The Egyptian minister of petroleum and mineral resources announced on Sunday that Egypt has received two diesel shipments from Saudi Aramco on Friday and Saturday. The minister's remarks were made on the sidelines …
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19 March 02:21 PM EGP flotation did not affect Saudi Chemical - Interview
By: Mohammed Idris Riyadh - Mubasher: The managing director of Saudi Chemical, Mohammed Saud Al Badr, said that the Egyptian pound's flotation did not have any positive impact on the company’s financial results, since all of its expenditures are …