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17 February 02:51 AM

Mubasher Exclusive

Al Khodari’s stock tumbled to SAR 6.31
13 February 11:59 AM Al Khodari's stock hits lowest level since listing Wednesday
By: Thabet Shehata Riyadh – Mubasher: The stock of Abdullah Abdul Mohsen Al Khodari Sons Company, listed on the Saudi Stock Exchange (Tadawul), on Wednesday registered its highest loss in around eight years and marked its lowest level since …
Trading Activities
Al Rajhi Bank’s profits rose 13% to SAR 2.77 billion in Q4-18
12 February 02:21 PM 10 Saudi banks log SAR 45.5bn profit in 2018
By: Thabet Shehata Riyadh – Mubasher: Profits of ten banks out of twelve listed on the Saudi Stock Exchange (Tadawul) jumped 16.3% year-on-year in the fourth quarter of 2018, recording SAR 11.23 billion from SAR 9.66 billion. For the full fiscal …
Financial Results
The EGP has been also stable against the USD at both of Credit Agricole and ADIB
11 February 04:31 PM EGP mixed against USD Monday
By: Abdullah Bedeir Cairo – Mubasher: The Egyptian pound exchange rate slashed against the US dollar at some Egyptian banks on Monday, while it remained stable at state-run lenders. The USD rate remained stable at EGP 17.55 for buying and EGP …
Banking and Finance
cement stockpiles increased to 1.12 million tonnes in January
11 February 02:45 PM Sales of Saudi cement firms fall 9% YoY in January - Report
By: Thabet Shehata Riyadh – Mubasher: Sales of Saudi cement companies listed on the Saudi Stock Exchange (Tadawul) retreated 9.3% year-on-year in January to 3.7 million tonnes, from 4.08 million tonnes, according to a monthly report conducted by …
Sector Reports
Most of the GCC markets saw a downward trend on Sunday
11 February 08:44 AM GCC bourses likely to see mixed trend on FY18 financial results - Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets are likely to see mixed performance amid investors’ anticipation for further announcements of companies’ financial results. Moreover, results of the MSCI Emerging Markets Index’s review, as well as …
Trading Activities
The GCC markets are expected to revive, mainly Tadawul, Boursa Kuwait, and the QSE
6 February 09:22 AM GCC bourses to revive on annual results - Analysis
By: Mahmoud Gamal Dubai – Mubasher: The GCC stock markets are likely to see further gains amid the announcement of 2018 financial results and cash dividend distributions of major banks, analysts told Mubasher.  The GCC markets are expected to …
Trading Activities
EGP Jumps against USD Tuesday
5 February 02:37 PM EGP Jumps against USD Tuesday on IMF's 5th tranche disbursement
By: Eslam Fadl Cairo – Mubasher: The Egyptian pound rose against the US dollar at national banks on Tuesday by 2 piasters after Egypt received the fifth tranche worth $2 billion of the International Monetary Fund’s (IMF) $12 billion loan. By 1:00 …
Macroeconomics
The USD has recorded around EGP 17.6 for buying and EGP 17.7 for selling at Egypt’s two largest state-run lenders
3 February 12:24 PM EGP stable against USD early Sunday
By: Abdallah Bedeir Cairo – Mubasher: The Egyptian pound has remained stable against the US dollar at national banks early Sunday. The USD has recorded around EGP 17.6 for buying and EGP 17.7 for selling at Egypt’s two largest state-run …
Banking and Finance
Saudi Arabia is the largest GCC holder of US Treasuries.
3 February 11:15 AM GCC holdings of US Treasuries fall 1.1% in November
By: Mahmoud Gamal Mubasher: The GCC’s holdings of US debt instruments dropped 1.09% month-on-month last November, registering $281.743 billion against $284.848 billion. Saudi Arabia’s holdings of US government bonds inched down 0.82% to $169.9 …
Central Banks
GCC stock markets to see further gains during the first week of February
3 February 09:28 AM GCC markets to see further gains this week - Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets are expected to see further gains during the first week of February, in line with the announcements of banks’ annual financial profits, analysts told Mubahser. By the end of January, most of the …
Trading Activities
The Saudi Stock Exchange (Tadawul)
31 January 06:45 PM TASI soars 733 pts in January; Nomu surges 535 pts
By: Thabet Shehata Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) benchmark index enjoyed a strong and positive performance in January on the back of a collective rise of its leading sectors. The Tadawul All Share Index (TASI) soared …
Trading Activities
Saudi economy grows 2.21% in 2018
31 January 05:26 PM Saudi economy grows 2.21% in 2018
Riyadh – Mubasher: Initial data by the Saudi General Authority for Statistics (GASTAT) showed that the kingdom’s gross domestic product (GDP) grew 2.21% in 2018. GDP in fixed prices registered SAR 2.625 trillion ($700 billion) for the full-year …
Macroeconomics
The GCC stock markets’ performance during January was extraordinary
31 January 12:09 PM GCC bourses to extend positive performance in February – Analysis
By: Mahmoud Gamal Dubai – Mubasher: After a green month full of gains in January, GCC bourses are expected to maintain the positive performance in February, especially if the efforts aimed at ending the so-called trade war between the US and China …
Trading Activities
Top expat nationalities benefiting from FEWA’s new tariffs decision - Report
30 January 12:49 PM Top expat nationalities benefiting from FEWA’s new tariffs decision - Report
By: Mahmoud Gamal Dubai – Mubasher: Following the recent decision by the Federal Electricity and Water Authority’s (FEWA) to cut electricity tariffs in the UAE, several expatriate nationalities are likely to benefit from the decision, particularly …
Management Decisions
4 GCC states to enter J.P. Morgan EMBI Thursday
30 January 09:54 AM J.P. Morgan EMBI to welcome listing of 4 GCC states' bonds Thursday - Analysis
By: Mahmoud Gamal Dubai – Mubasher: The UAE, Saudi Arabia, Kuwait, and Bahrain are scheduled to join the J.P. Morgan Emerging Market Bond Index (EMBI) on Thursday, 31 January. Listing of these countries on the EMBI paves the way for pumping around …
Banking and Finance
EGP remained stable against USD at Egyptian banks early Tuesday
29 January 01:08 PM EGP stabilises against USD early Tuesday
By: Abdallah Bedeir Cairo – Mubasher: The Egyptian pound remained stable against the US dollar at the Egyptian banks early Tuesday after marking a two-day high since May 2018. National Bank of Egypt (NBE) offered the US dollar rate at EGP 17.58 …
Currencies
The USD/EGP exchange rate has been falling since the beginning of the week
29 January 10:18 AM Why did the EGP jump against the USD? - Analysis
By: Eslam Fadl Cairo – Mubasher: The Egyptian pound has risen against the US dollar on the back of investors’ interest in local sovereign debt instruments, the Egyptian Exchange (EGX), the increase in remittances from expatriate Egyptians, added …
Currencies
EGP mixed against FX currencies Monday
28 January 03:21 PM EGP mixed against FX currencies Monday
Cairo – Mubasher: The Egyptian pound showed a mixed performance on Monday against foreign currencies at national and private banks. Bank of Alexandria offered the highest US dollar rate at EGP 17.76 for buying and EGP 17.86 for selling, whereas …
Currencies
27 January 05:35 PM TASI to hit record highs in H1-19 – Analyst
Global Indices
The CMA’s plan to launch derivatives market contributes to attracting more foreign investments
27 January 04:04 PM TASI to hit record highs in H1-19 – Analyst
By: Elsayed Gamal Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) is expected to see an upward trajectory during 2019, encouraged by a slew of market-boosting catalysts, chief among them was the listing on the FTSE Global Equity Index Series …
Trading Activities
The GCC equity markets are projected to temporarily increase in the remaining trading sessions of January
27 January 02:19 PM Sideways trend to grip GCC bourses end-January - Analysis
By: Mahmoud Gamal Mubasher: The GCC bourses are expected to extend a sideways movement by the end of January, awaiting the announcement of further financial results of major firms for the full year 2018, topped by Saudi Basic Industries …
Trading Activities
27 January 09:46 AM Advanced Petrochemical logs SAR 717m profit in FY18
Net profits totalled to SAR 717 million last year
Global Economy
23 January 02:13 PM Madame Tussauds, football matches, NBA among GEA’s Saudi entertainment scheme
Saudi Arabia's General Entertainment Authority (GEA) has uncovered a host of entertainment options that will be launched soon
Global Markets brief
Madame Tussauds, football matches, NBA among GEA’s Saudi entertainment scheme
23 January 01:40 PM Madame Tussauds, football matches, NBA among GEA’s Saudi entertainment scheme
Riyadh – Mubasher: Saudi Arabia’s General Entertainment Authority (GEA) has uncovered a host of entertainment options that will be launched in the kingdom in the coming period. These options come as part of the Saudi government’s plan to diversify …
Management Decisions
22 January 09:51 AM UAE stocks top GCC peers – Analysis
The UAE-listed stocks are currently the best financially and technically in the region in terms of investments attraction
Global Economy