Mubasher Exclusive

The markets may continue to see positive speculations
22 August 08:47 AM GCC bourses still see cautious trades – Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets need new liquidity to be able to break their important resistance levels, as investors are shying away from purchases due to increased tensions between the US and North Korea as well as oil prices …
By 2:25 pm KSA time, the stock surged 9.3% to SAR 27.90
21 August 03:10 PM Amana stock hits highest level in 4.5 yrs
Riyadh – Mubasher: Amana Cooperative Insurance’s stock registered its highest level since 26 January 2013, or in four years and half. By 2:25 pm KSA time, the stock surged 9.3% to SAR 27.90. The stock rose for the 13th time in 15 trading sessions …
Traders at Boursa Kuwait
21 August 08:37 AM GCC bourses likely to rise Monday – Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets are expected to see a positive performance on Monday, amid investors’ tendency to invest in small caps, analysts told Mubasher. The GCC bourses still look forward to seeing gains on Monday, amid …
By 12:10 pm KSA time, Arabian Shield’s stock retreated 9.2% to SAR 42.65
20 August 01:03 PM Three insurance stocks top TASI losers
Riyadh – Mubasher: The stocks of Arabian Shield Cooperative Insurance Company, the Saudi Indian Company for Cooperative Insurance (Wafa Insurance), and Malath Cooperative Insurance Company led the Saudi Stock Exchange’s (Tadawul) losers during …
Traders at Dubai's bourse
20 August 08:40 AM Traders to invest in GCC operational stocks – Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets are expected to see further gains on Sunday, in line with the announcement of first-quarter financials and investors’ trades on stock with strong operational results, analysts told Mubasher. …
Total net profits of five listed transportation companies reached SAR 244.54 million ($65.21m) in Q2-17
13 August 05:19 PM KSA transportation sector Q2 profits drop to SAR 245m
Riyadh – Mubasher: The financial statements of Saudi transportation companies showed a 15% drop in net profits in the second quarter of 2017, compared to the same quarter of the previous year, and a 21% decline in profits of the first half. Data …
The indices of the GCC stock markets are facing strong resistance
10 August 09:43 AM GCC markets in need for more liquidity – Analysts
By: Mahmoud Gamal Mubasher: The Gulf stock markets are expected to face a challenge in attracting more liquidity in the coming sessions amid investors’ anticipation of leading companies to disclose their quarterly income statements, technical …
By 11:15 am KSA time, the stock rose 5.34% to SAR 12.84, after 4.4 million shares were exchanged, through 1,660 transactions, generating SAR 56.6 million
9 August 12:46 PM Petro Rabigh hits highest level since mid-May
Riyadh – Mubasher: Rabigh Refining and Petrochemical’s (Petro Rabigh) stock registered its highest level since mid-May during Wednesday’s trading activities. By 11:15 am KSA time, the stock rose 5.34% to SAR 12.84, after 4.4 million shares were …
The positive outlook on the economy aviation segment has attracted new portfolios
9 August 09:30 AM GCC bourses expected to rise slightly Wednesday – Analysts
By: Mahmoud Gamal Mubasher: The majority of the Gulf stock markets are expected to slightly rise on Wednesday in line with the portfolios’ trend to increase positions in penny stocks, analysts told Mubasher. Traders at the GCC markets, namely …
Traders at Boursa Kuwait
8 August 09:09 AM GCC stocks to attract investments – Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets are expected to see more purchases on Tuesday, with indices likely to break important resistance levels, analysts told Mubasher. Long-term investors’ sentiment started to improve after global …
Traders at Boursa Kuwait
7 August 08:48 AM GCC bourses await new liquidity to recover – Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets need the entry of new liquidity on Monday to be able to break above important resistance levels, analysts told Mubasher. Low liquidity is mainly attributed to the fact that some investors are …
By 2:00 pm KSA time, the stock increased 8.26% to SAR 5.76, after 7 million shares were exchanged through 2,000 transactions, generating SAR 40 million
6 August 02:46 PM Amiantit stock hits highest level since January 2016
Riyadh – Mubasher: Saudi Amiantit Group’s stock levelled up during Sunday’s trading activities, registering its highest level since 29 January 2016, after the European Commission approved the company's joint venture (JV) agreement with …
By 12:59 pm KSA time, the stock reached SAR 125, after 52,000 shares were exchanged, generating SAR 6.5 million
6 August 01:26 PM Al Othaim Markets’ stock hits highest-ever level on Sunday
Riyadh – Mubasher: Abdullah Al Othaim Markets’ stock registered its highest level since listing in the Saudi Stock Exchange (Tadawul) during Sunday's trading session. By 12:59 pm KSA time, the stock reached SAR 125, after 52,000 shares were …
Traders at Boursa Kuwait
6 August 08:58 AM GCC bourses likely to rise on oil prices – Analysts
By: Mahmoud Gamal Mubasher: Most GCC bourses are expected to continue their uptrend on Sunday, amid the rise of oil prices to reassuring levels and disclosures of good first-half financials, analysts told Mubasher. Higher oil prices will push the …
The main index declined by 1.25% and closed at 7,086 points
4 August 07:08 PM Tadawul sees negative performance in week
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended the week on a decline, as the Tadawul All Shares Index (TASI) lost 1.25%, equivalent 89.61 points, and closed at the level of 7,085.56 points. The market capital decreased by 1.4% or SAR …
RAK Ceramics CEO Abdullah Massaad
3 August 05:11 PM RAK Ceramics to make India acquisition in H2 – CEO
By: Amr Adel Abu Dhabi – Mubasher: It is expected that Ras Al Khaimah Ceramic Company (RAK Ceramics) will make an acquisition in India sometime in the second half of 2017, CEO Abdullah Massaad revealed on Thursday. Earlier in the day, RAK …
Traders at Boursa Kuwait
3 August 08:42 AM GCC bourses’ trend dependent on oil prices – Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets are expected to see a negative performance on Thursday due to the fall of oil prices, amid investors’ tendency to trade on non-oil small caps, analysts told Mubasher. Oil prices are expected to …
these positive indicators include continuous withdrawal from US oil reserves
2 August 01:32 PM Kuwait crude oil up 45 cents Tuesday – KPC
By: Mohamad Farouk Mubasher: The price of Kuwait crude oil rose by 45 cents to settle at $49.3 per barrel (pb) on Tuesday from $48.85 pb on Monday, according to the latest data issued by the Kuwait Petroleum Corporation (KPC). Reaching positive …
Traders at Boursa Kuwait
2 August 08:34 AM Traders likely to invest in Gulf banks, real estate stocks – Analysts
By: Mahmoud Gamal Mubasher: Investors in the Gulf stock markets are expected to continue increasing their positions in attractive banks and real estate stocks, in line with the rise of global bourses and oil prices, analysts told Mubasher. The …
The governor of the Central Bank of Egypt, Tarek Amer
1 August 07:12 PM USD inflows to Egypt amounted to $7.7bn in July
By: Ahmed Allam Cairo - Mubasher: The governor of the Central Bank of Egypt (CBE) said that Egypt has obtained $8.95 billion during July 2017. Tarek Amer told Mubasher that US dollars inflows amounted to $7.7 billion, alongside the International …
The Tadawul All Share Index (TASI) increased 0.42% or 29.8 points to reach 7,124 points
1 August 12:55 PM SPMC, MEPCO top TASI gainers Tuesday
Riyadh – Mubasher: Middle East Paper Co's (MEPCO) and Saudi Paper Manufacturing Company's (SPMC) stocks led the Saudi Stock Exchange's (Tadawul) gainers on Tuesday. By 11:06 am Saudi time, SPMC’s stock rose 10% to SAR 7.37, with a traded value of …
Traders at Boursa Kuwait
1 August 08:59 AM H1 financials to set GCC bourses’ trend – Analysts
Mubasher: The GCC stock markets are expected to see a sideways-to-bearish performance on Tuesday, amid anticipations of second-quarter financial results. Traders are monitoring the movement of liquidity amid anticipations of blue-chip companies’ …
The main index of the Saudi Stock Exchange closed at 7,097 points
31 July 10:55 PM TASI down 4.5% in July
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) saw a negative performance this month, as the Tadawul All Shares Index (TASI) lost 4.5% or 331.5 points, and reached the level of 7,097.17 points by the end of July 2017. The market capital …
Traders at Boursa Kuwait
31 July 09:00 AM GCC bourses likely to rise Monday – Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets are expected to continue their sideways-to-bullish performance on Monday despite lower-than-expected financial results of companies for the first half of 2017, amid the recovery of oil prices, …
The Saudi telecom sector comprises four companies
30 July 06:24 PM Mobily trims Saudi telecom sector profits to SAR 2.2bn in Q2
By: Thabet Shehata Riyadh – Mubasher: Profits of three of the four telecommunications companies listed on the Saudi Stock Exchange (Tadawul) totalled SAR 2.2 billion ($585.41 million) in the second quarter of 2017, up 17% from SAR 1.88 billion …