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8 February 08:35 PM TASI declines 3.3% in week, market cap down SAR 55bn
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended the week’s trade on a decline as the main index lost more than 250 points. The Tadawul All Share Index (TASI) lost 3.3% and closed at 7,403.15 points. The market capital decreased by SAR …
TASI levelled down 0.66%, or 49.16 points, to close at 7,417.17 points.
7 February 03:57 PM TASI, Nomu end Wednesday down
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Wednesday in the red for the fourth session in a row, hitting the lowest level in 19 sessions, dragged by the drop of all sectors. The  benchmark Tadawul All Share Index (TASI) levelled …
Gulf Navigation managing director and group CEO Khamis Juma Buamim
31 January 07:10 PM Gulf Navigation eyes acquisitions, debt restructure - CEO
By: Amr Fouad Dubai – Mubasher: Gulf Navigation Holding is planning two new acquisitions in the UAE added to raising its fleet and may consider postponing its sukuk issuance, a top official has revealed. The company has successfully completed the …
23 January 07:36 PM Do investors still pay attention to rig count data?
The number of oil rigs is no longer considered an indicator of oil production changes for investors
Al Yamamah Steel’s stock saw trading of 477,800 shares
22 January 02:48 PM Al Yamamah Steel’s stock hits highest since July 2017
Riyadh – Mubasher: Al Yamamah Steel Industries’ stock on Monday rose 2.28% to SAR 25.55 by 2:10 pm KSA time on the Saudi Stock Exchange (Tadawul), registering its highest level since 24 July 2017.  The stock also hit its highest growth in 30 …
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18 January 11:02 PM TASI up 3% in week
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) made gains for the fifth consecutive week. The Tadawul All Shares Index (TASI) rose by 2.7%, or 200 points, as it ended the week at the level of 7,539.02 points. Market cap rose by SAR 56.1 …
Saud Arabia’s holdings ranked first among the GCC economies
18 January 04:38 PM GCC's US Treasury holdings register $257.7bn in November
By: Mahmoud Gamal Mubasher: The GCC countries’ holdings of the US Treasuries rose 0.2% to $257.65 billion in November 2017, compared to $257.12 billion in October, according to US Department of the Treasury (USDT). Saud Arabia’s holdings ranked …
We should not worry about the decline in Venezuela’s production
11 January 12:08 PM Oil market to rebalance in 2018 – Minister
By: Amr Adel Abu Dhabi – Mubasher: The oil market will witness stability and rebalance in 2018, while the Organization Of Petroleum Exporting Countries' (OPEC) output cut agreement is still effective, the UAE’s energy minister Suhail al-Mazrouei …
DP World is the main investor in Jeddah Port
8 January 02:55 PM DP World completes Jeddah Port development plan
By: Amr Adel Dubai – Mubasher: DP World has completed the plan for developing Saudi Arabia's Jeddah Port, said chairman and CEO Sultan bin Sulayem, adding that the scheme was submitted it to the Saudi Ports Authority (MAWANI) for approval. The …
Dubai investments to start Riyadh Investments Park project early 2018 – CEO
4 December 2017 03:55 PM Dubai investments to start Riyadh Investments Park project early 2018 – CEO
By: Amr Adel Dubai – Mubasher: Dubai Investments is about to complete procedures of Riyadh Investments Park’s project in Saudi Arabia, said the CEO, and managing director, Khalid Bin Kalban, adding that it is expected to start the project in the …
KSA’s Bahri to start operation in UAE early 2018
9 November 2017 11:42 PM Bahri’s new joint ventures to start operation in UAE early 2018
By: Amr Adel Dubai – Mubasher: The National Shipping Company of Saudi Arabia’s (Bahri) new joint ventures are expected to start operation in Dubai and Riyadh by the beginning of 2018, acting CEO Ali Al-Harbi said in an interview with Mubasher on …
GFH Group’s listing on Tadawul is a positive sign for its stock
9 November 2017 00:52 PM GFH Group’s stock gains 1.43% on new listing Thursday
By: Mahmoud Gamal Dubai – Mubasher: GFH Group’s stock rose on Thursday on the Dubai Financial Market (DFM) amid positive expectations with regards to the company's planned listing on the Saudi Stock Exchange (Tadawul). By 12:40 pm UAE time, the …
Kingdom Holding Company’s (KHC) stocks dropped by 7.6% on Sunday before sliding by 5.6% on Monday
7 November 2017 07:35 PM Global markets take a hit on Saudi arrests - Report
By: Mohamed Soliman Mubasher: The recent wave of surprising Saudi resolutions, which involved the arrest a number of princes and ministers through the government’s new anti-corruption campaign has negatively impacted global markets. King …
3 factors define TMG Holding outlook amid Saudi anti-corruption crackdown
6 November 2017 04:37 PM 3 factors define TMG Holding outlook amid Saudi anti-corruption crackdown - Analysis
By: Heba El-Kordy Cairo – Mubasher: Talaat Moustafa Group Holding’s (TMG Holding) stock was the most affected by the Saudi Royal anti-corruption crackdown. TMG Holding’s stock dropped on Monday to its lowest level since 4 October 2017 amid …
GFH to be listed on Tadawul – CEO
29 October 2017 11:50 AM GFH to be listed on Tadawul – CEO
By: Amr Adel Dubai – Mubasher: GFH Financial Group plans to be listed on the Saudi Stock Exchange (Tadawul) as the Saudi body is the largest stock market in the MENA region, GFH CEO Hisham Al Rayes on Sunday told Mubasher during a phone interview. …
We are optimistic because of the increasing demand and the stability in the real estate market, Taqi told Mubasher.
18 October 2017 05:58 PM DAMAC expects meeting sales targets in 2017
By: Amr Adel Dubai – Mubasher: DAMAC CFO Adil Taqi on Wednesday said that his company is expecting sales volume to exceed the AED 7-billion target by the end of 2017. We are optimistic because of the increasing demand and the stability in the real …
Amanat’s chairman further revealed that his company has a surplus in capital and has no need to increase it for the time being
8 October 2017 05:04 PM Amanat to invest AED 1bn in KSA, UAE acquisitions – Chairman
By: Amr Adel Dubai – Mubasher: Amanat Holdings is planning to invest AED 1 billion ($272.5 million) in new acquisitions in the healthcare and education sectors in Saudi Arabia and the UAE until the end of 2017, the company’s chairman has said. …
DAMAC has already delivered 1,100 residential units in its DAMAC Hills
11 September 2017 08:05 PM DAMAC eyes delivery of 2,800 units in 2017 – Interview
By: Amr Adel Dubai – Mubasher: DAMAC Properties is looking to deliver 2,800 units in 2017, said senior VP of International Business Development Wael Al-Lawati on Monday during the first day of the Cityscape Global 2017 event held in Dubai. DAMAC …
Nama Chemicals’ stock hits highest level in 4M
10 September 2017 00:46 PM Nama Chemicals’ stock hits highest level in 4M
Riyadh – Mubasher: Nama Chemicals’ stock rose for the fourth session in row, registering its highest level in four months, or since 11 May 2017 during Sunday’s trading activities, to lead the green zone of the Saudi Stock Exchange (Tadawul). By …
Saudi Amiantit Group’s stock on Tuesday went up 5.2%, by 11:41 am KSA time, registering its highest growth rate in 12 trading sessions
29 August 2017 00:31 PM Amiantit stock hits highest growth rate in 12 sessions
Riyadh – Mubasher: Saudi Amiantit Group’s stock on Tuesday went up 5.2%, by 11:41 am KSA time, registering its highest growth rate in twelve trading sessions. The stock reached SAR 6.94, after 4.69 million shares were exchanged through 1,730 …
By 2:25 pm KSA time, the stock surged 9.3% to SAR 27.90
21 August 2017 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 …
By 12:10 pm KSA time, Arabian Shield’s stock retreated 9.2% to SAR 42.65
20 August 2017 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 …
Total net profits of five listed transportation companies reached SAR 244.54 million ($65.21m) in Q2-17
13 August 2017 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 …
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 2017 00:46 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 …
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 2017 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 …