Saudi News

TASI lost 52.3 points and closed the week at 7,261 points
12:16 AM TASI down 0.7% in week, NOMU up 1.4%
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) saw a slight decline this week, while the Nomu-Parallel Market rose after closing four weeks in red. The Tadawul All Shares Index (TASI) lost 0.71% or 52.3 points, and closed the week at the …
The United Arab Emirates Minister of Energy Suhail Al Mazroui
21 July 04:06 PM UAE hopes oil markets will tighten in H2-17
Mubasher: The United Arab Emirates Minister of Energy, Suhail Al Mazroui, told Reutuers on Friday that he hopes global supplies will start tightening in the second half of the year when demand picks up. "We have seen healthy demand and a …
The Organization of the Petroleum Exporting Countries (OPEC)
21 July 11:34 AM OPEC meeting to review output cut levels - Minister
Mubasher: A meeting will be held on Monday in Saint Petersburg, Russia, as members of the Organization of the Petroleum Exporting Countries (OPEC) alongside non-OPEC major producers will assess conformity with a recent output cut resolution. Oil …
Kuwaiti crude oil prices reached $46.51 per barrel on Thursday
21 July 11:23 AM Kuwait oil up $0.74
Kuwait - Mubasher: The price of Kuwaiti oil went up by 74 cents on Thursday, according to the Kuwait Petroleum Corporation (KPC). Prices reached $46.51 per barrel (pb) yesterday, compared to $45.77 pb on the day before, Kuwait News Agency (KUNA) …
The International Monetary Fund
21 July 11:13 AM IMF approves EUR1.5bn loan for Greece
Mubasher: The International Monetary Fund (IMF) announced on Thursday that it has approved in principle a loan of EUR 1.6 billion ($1.8 billion) for Greece, according to a press release. The agreement will only become effective after the IMF …
The domestic tourism trips rose 2.3% to 47.5 million trips during 2016, from 46.5 million trips during 2015
20 July 08:05 PM KSA tourism investments exceed SAR 151bn in 2016 – SCTH
Riyadh – Mubasher: The Saudi Commission for Tourism and National Heritage (SCTH) on Thursday announced that tourism’s investments achieved more than SAR 151 billion by the end of 2016. The domestic tourism trips rose 2.3% to 47.5 million trips …
Herfy Food, Al-Rajhi Bank ink SAR 110m Murabaha deal
20 July 06:27 PM Herfy Food, Al-Rajhi Bank ink SAR 110m Murabaha deal
Riyadh – Mubasher: Herfy Food Services Co. on Thursday signed a credit facilities agreement (Islamic Murabaha) with Al Rajhi Bank at a value of SAR 110 million. The six-year facilities are effective Thursday, 20 July until 19 July 2023, according …
Arab Bank Jordan lends Qatrana Cement SAR 530m
20 July 05:39 PM Arab Bank Jordan lends Qatrana Cement SAR 530m
Riyadh – Mubasher: Jordan-based Qatrana Cement, the subsidiary of the Saudi-based Arabian Cement Co. signed an agreement with Arab Bank Jordan to get a diminishing loan worth JOD 100 million (SAR 530 million). The loan will be repaid on eight …
KSA wholesale price index falls 1.7% in June – GASTAT
20 July 04:19 PM KSA wholesale price index falls 1.7% in June – GASTAT
Riyadh – Mubasher: Saudi Arabia General Authority for Statistics (GASTAT) announced that the wholesale price index in the kingdom decreased by 1.7% in June 2017 year-on-year. Month-on-month, the wholesale price index rose slightly 0.6% to 101.1 …
Al Inma Bank led in terms of trading volume after 33.6 million shares exchanged, generating SAR 522.77 million
20 July 03:37 PM TASI, Nomu end Thursday in green
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Thursday 0.44% or 31.57 points higher to reach 7,261.13 points. Trading volume dropped to 114 million shares on Thursday against 137.36 million shares on Wednesday, while traded value …
The company was planning to list gas stations owned by ADNOC Distribution $14 billion
20 July 01:05 PM ADNOC hires UAE, global banks to manage IPO
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) has selected a number of UAE and global banks to manage its initial public offering (IPO), Reuters reported, citing sources. The chosen banks are First Abu Dhabi Bank, HSBC, Bank of …
Total distributions amount to SAR 1.7 billion, will be distributed at 71 halalas per share
20 July 12:36 PM SABB to distribute H1 dividends on 17 August
Riyadh – Mubasher: The Saudi British Bank’s (SABB) board of directors recommended the distribution of cash dividends to shareholders for the first half of 2017. Total distributions amount to SAR 1.7 billion and will be distributed at 71 halalas …
The Saudi electricity provider company posted SAR 10.92 million in Q2-17, compared to SAR 9.78 million in Q2-16
20 July 12:03 PM Saudi EIC profits grow 12% in Q2 on lower sales cost
Riyadh – Mubasher: Electrical Industries Co. (EIC) on Thursday said its profits increased 11.69% year-on-year in the second quarter of 2017. Quarter-on-quarter, the firm’s profits rose slightly by 2.57%, according to a bourse filing to the Saudi …
By 10:25 am Saudi time, 10.45 million shares were exchanged through 7,770 transactions generated SAR 235.35 million
20 July 10:35 AM TASI, Nomu open Thursday mixed
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) rose 0.3% or 21.05 points reaching 7,250.61 points in Thursday’s early trades. By 10:25 am Saudi time, trading on the benchmark Tadawul All Share Index (TASI) saw 10.45 million shares exchanged …
Traders at Boursa Kuwait
20 July 07:51 AM Investors likely to build new positions in GCC stocks
By: Mahmoud Gamal Mubasher: Investors are expected to build up new positions in GCC listed stocks on Thursday, in line with the announcements of first-half financials which are expected to improve amid higher oil prices, analysts told Mubasher. …

Mubasher Exclusive

Al Inma Bank led in terms of trading volume after 33.6 million shares exchanged, generating SAR 522.77 million
20 July 03:37 PM TASI, Nomu end Thursday in green
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Thursday 0.44% or 31.57 points higher to reach 7,261.13 points. Trading volume dropped to 114 million shares on Thursday against 137.36 million shares on Wednesday, while traded value …
Traders at Boursa Kuwait
20 July 07:51 AM Investors likely to build new positions in GCC stocks
By: Mahmoud Gamal Mubasher: Investors are expected to build up new positions in GCC listed stocks on Thursday, in line with the announcements of first-half financials which are expected to improve amid higher oil prices, analysts told Mubasher. …
Trading volume fell to 137.36 million shares on Wednesday against 139 million shares on Tuesday
19 July 03:27 PM TASI, Nomu end Wednesday in red
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Wednesday 0.35% or 25.13 points lower reaching 7,229.56 points, dropping for the third consecutive trading session, and registering its lowest level since eight sessions. Trading volume …
Trading volume on the stock reached 1.45 million shares through 1,010 transactions, generated SAE 30.35 million
18 July 12:26 PM Zoujaj stock records highest level since January 2017
Riyadh – Mubasher: The National Company for Glass Industries’ (Zoujaj) stock levelled up to its highest level during 2017, while the company’s profits soars 224.1% in the second quarter of 2017. By 12:15 pm Saudi time, the Zoujaj’s stock increased …
Traders at Boursa Kuwait
18 July 07:56 AM GCC stocks tend to invest in low-priced stocks
By: Mahmoud Gamal Mubasher: The GCC bourses are expected to continue their sideways-to-positive performance on Tuesday, amid anticipations of listed blue-chip companies’ financial disclosures for the first half of 2017, analysts told Mubasher. …

Local News

The United Arab Emirates Minister of Energy Suhail Al Mazroui
21 July 04:06 PM UAE hopes oil markets will tighten in H2-17
Mubasher: The United Arab Emirates Minister of Energy, Suhail Al Mazroui, told Reutuers on Friday that he hopes global supplies will start tightening in the second half of the year when demand picks up. "We have seen healthy demand and a …
The Organization of the Petroleum Exporting Countries (OPEC)
21 July 11:34 AM OPEC meeting to review output cut levels - Minister
Mubasher: A meeting will be held on Monday in Saint Petersburg, Russia, as members of the Organization of the Petroleum Exporting Countries (OPEC) alongside non-OPEC major producers will assess conformity with a recent output cut resolution. Oil …
The International Monetary Fund
21 July 11:13 AM IMF approves EUR1.5bn loan for Greece
Mubasher: The International Monetary Fund (IMF) announced on Thursday that it has approved in principle a loan of EUR 1.6 billion ($1.8 billion) for Greece, according to a press release. The agreement will only become effective after the IMF …
The domestic tourism trips rose 2.3% to 47.5 million trips during 2016, from 46.5 million trips during 2015
20 July 08:05 PM KSA tourism investments exceed SAR 151bn in 2016 – SCTH
Riyadh – Mubasher: The Saudi Commission for Tourism and National Heritage (SCTH) on Thursday announced that tourism’s investments achieved more than SAR 151 billion by the end of 2016. The domestic tourism trips rose 2.3% to 47.5 million trips …
Herfy Food, Al-Rajhi Bank ink SAR 110m Murabaha deal
20 July 06:27 PM Herfy Food, Al-Rajhi Bank ink SAR 110m Murabaha deal
Riyadh – Mubasher: Herfy Food Services Co. on Thursday signed a credit facilities agreement (Islamic Murabaha) with Al Rajhi Bank at a value of SAR 110 million. The six-year facilities are effective Thursday, 20 July until 19 July 2023, according …

Gulf News

TASI lost 52.3 points and closed the week at 7,261 points
12:16 AM TASI down 0.7% in week, NOMU up 1.4%
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) saw a slight decline this week, while the Nomu-Parallel Market rose after closing four weeks in red. The Tadawul All Shares Index (TASI) lost 0.71% or 52.3 points, and closed the week at the …
The Market cap lost 1.11% last week
21 July 11:59 PM MSM down 2.4% in week
Mubasher: The main index of the Muscat Securities Market (MSM) saw a decline of 2.38% in the week that ended on 20 July, as it lost 122.01 points, and closed at the level of 4,999.37 points. The Market capital decreased by 1.11% to OMR 17.37 …
The benchmark index added 72 points last week
21 July 07:58 PM QSE rises for second consecutive week
Doha - Mubasher: The Qatar Stock Exchange (QSE) rose for the second week in a row, as the main index went up by 0.76%, gaining 72.35 points, and closing at the level of 9,542.28 points. The market capital increased by 1.2% or QAR 6.31 billion, to …
The main index wen up by 0.23% during last week
21 July 06:56 PM Bahrain Bourse gains 3 points in week
By: Inas Bahgat Mubasher: The main index of the Bahrain Bourse ended the week on a rise on the back of the stocks of the industrial and banking sectors, amidst a noticeable rise in liquidity. The main index rose by 0.23% or 3.02 points, in the …
The United Arab Emirates Minister of Energy Suhail Al Mazroui
21 July 04:06 PM UAE hopes oil markets will tighten in H2-17
Mubasher: The United Arab Emirates Minister of Energy, Suhail Al Mazroui, told Reutuers on Friday that he hopes global supplies will start tightening in the second half of the year when demand picks up. "We have seen healthy demand and a …
The chairman of Egypt Kuwait Holding Company met with the Minister of Investment and International Cooperation Sahar Nasr
21 July 12:21 PM EKH to raise investments in Egypt - Chairman
Cairo - Mubasher: The chairman and managing director of Egypt Kuwait Holding Company (EKH), Al Moataz Al Alfi, said that he intends to increase his investments in the upcoming period. Al Alfi added during his meeting with the Egyptian minister of …
The Organization of the Petroleum Exporting Countries (OPEC)
21 July 11:34 AM OPEC meeting to review output cut levels - Minister
Mubasher: A meeting will be held on Monday in Saint Petersburg, Russia, as members of the Organization of the Petroleum Exporting Countries (OPEC) alongside non-OPEC major producers will assess conformity with a recent output cut resolution. Oil …
Kuwaiti crude oil prices reached $46.51 per barrel on Thursday
21 July 11:23 AM Kuwait oil up $0.74
Kuwait - Mubasher: The price of Kuwaiti oil went up by 74 cents on Thursday, according to the Kuwait Petroleum Corporation (KPC). Prices reached $46.51 per barrel (pb) yesterday, compared to $45.77 pb on the day before, Kuwait News Agency (KUNA) …
The International Monetary Fund
21 July 11:13 AM IMF approves EUR1.5bn loan for Greece
Mubasher: The International Monetary Fund (IMF) announced on Thursday that it has approved in principle a loan of EUR 1.6 billion ($1.8 billion) for Greece, according to a press release. The agreement will only become effective after the IMF …
The domestic tourism trips rose 2.3% to 47.5 million trips during 2016, from 46.5 million trips during 2015
20 July 08:05 PM KSA tourism investments exceed SAR 151bn in 2016 – SCTH
Riyadh – Mubasher: The Saudi Commission for Tourism and National Heritage (SCTH) on Thursday announced that tourism’s investments achieved more than SAR 151 billion by the end of 2016. The domestic tourism trips rose 2.3% to 47.5 million trips …