Top News

TASI rose 20.39 points, or 0.26%, to finish the mid-week trading session at 7893.18 points.
14 August 04:08 PM TASI breaks 4-session low, Nomu falls at Tuesday's close
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended the downwards trend on Tuesday after four consecutive declines, despite recording the lowest liquidity level in 13 sessions. The Tadawul All Shares Index (TASI) rose 20.39 points, or …
57 minutes ago Oil settles lower after mixed performance
The American Petroleum Institute (API) is scheduled to issue its weekly report later.
Photo Archive
14 August 05:41 PM SAPTCO’s subsidiary obtains SAR 59m loan
Riyadh - Mubasher: Saudi Public Transport Company (SAPTCO) announced on Tuesday that its subsidiary Public Transport Company has acquired a SAR 59 million murabaha finance for six months from the Arab National Bank. The murabaha loan deal will …
Total losses reached SAR 994.46 million ($265.2 million) in Q2-18
14 August 05:19 PM 40 Tadawul-listed firms end Q2 down
By: Thabet Shehata Riyadh – Mubasher: Forty companies listed on the Saudi Stock Exchange (Tadawul) registered losses during the second quarter of 2018. Total losses reached SAR 994.46 million ($265.2 million) in Q2-18, according to Mubasher's …
Electric machines and equipment topped the imports to Saudi Arabia
14 August 01:40 PM Saudi imports down 3.2% in June – GaStat
Riyadh – Mubasher: Saudi Arabia announced that its imports decline by 3.2% or SAR 1.12 billion in June 2018 when compared to the same month a year ago, according to the latest data by the Saudi General Authority for Statistics (GaStat). Imports …
The kingdom’s trade surplus grew to SAR 61.34 billion in June
14 August 01:16 PM Saudi trade surplus leaps 161% in June – GASTAT
Riyadh – Mubasher: Saudi Arabia's trade surplus registered a year-on-year increase of 160.7% in June, according to a recent report by the Saudi General Authority for Statistics (GASTAT). The kingdom’s trade surplus grew to SAR 61.34 billion …
14 August 12:47 PM Updated Eurozone, EU28 Q2 economic growth confirmed at 0.4%
Gross domestic product (GDP) in Eurozone and the 28-member European Union (EU28) rose 0.4% in the second quarter of 2018, compared with the previous quarter.
Saudi merchandise exports amounted to SAR 95.45 billion in June
14 August 12:28 PM Saudi merchandise exports hit SAR 96bn in June – GASTAT
Riyadh – Mubasher: Saudi Arabia's merchandise exports increased by 62.3% year-on-year, or SAR 36.96 billion, during June, the General Authority for Statistics’ (GASTAT) data revealed on Tuesday. The kingdom’s merchandise exports amounted to SAR …
The MoU aims at establishing a new passenger terminal at King Abdulaziz International Airport
14 August 12:14 PM Jabal Omar, Ground Services extend terminal MoU
Riyadh – Mubasher: Jabal Omar Development Company on Tuesday announced that it has extended a non-binding memorandum of understanding (MoU) with Saudi Ground Services Company (SGS) for one more year until 22 February 2019. The MoU aims at …
14 August 12:12 PM Updated UK jobless rate slips in Q2; wage growth declines
The UK Labour Force Survey estimates indicated that the number of working people rose between the first quarter and the second quarter of 2018.
DWF’s earnings increased to SAR 2.69 million
14 August 11:24 AM Saudi DWF records higher profits in Q2, H1
Riyadh – Mubasher: Development Works Food Co (DWF) achieved a growth of 2.4% in profits during the second quarter of 2018 compared to the same period last year. DWF’s earnings increased to SAR 2.69 million from SAR 2.63 million in the same quarter …
The media sector topped TASI’s gainers adding 4.35
14 August 11:18 AM TASI adds 64 pts, Nomu near-stable early Tuesday
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) started Tuesday’s trading session in green territory after its main Tadawul All-Share Index (TASI) increased 64.62 points, or 0.8%, to 7,937.41 points. By 10:43 am Saudi time, TASI’s trading …
The dividends represent 3.45% of net assets based on the fair market value as of 30 June.
14 August 10:39 AM Musharaka REIT Fund to pay SAR 0.35/unit dividends
Riyadh – Mubasher: Musharaka REIT Fund on Tuesday announced that it will pay a 3.5% cash dividends for the six-month period ended 17 August, with a total amount of SAR 30.8 million. The fund will pay a dividend of SAR 0.35 per unit, according to …
14 August 10:29 AM Saudi output cut drives oil higher despite economic slowdown
Oil prices inched up on Tuesday after the Organization of Petroleum Exporting Countries (OPEC) confirmed that Saudi Arabia trimmed production to evade potential oversupply
13 August 06:40 PM China not to weaponise yuan rate in trade war
The People's Bank of China has stated that it would not use the yuan exchange rate in the so-called trade war with the US.
13 August 05:13 PM OPEC output rises in July on Nigeria, Kuwait, UAE supplies
Oil production from the Organization of Petroleum Exporting Countries (OPEC) rose in July, despite supply shortfalls from Libya, Iran and Saudi Arabia.
The utilities sector inched up 0.16%
13 August 04:25 PM Saudi indices close Monday in red
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) finished Monday's trading session in decline, after its benchmark Tadawul All Share Index (TASI) plunged 192.13 points, or 2.38%, to 7,872.79 points, registering its sharpest losses in more …
The deal saw trading of 104,500 shares at a value of SAR 28 per shares
13 August 03:10 PM Petrochem’s stock sees SAR 2.93m private deal Monday
Riyadh – Mubasher: A private transaction was executed on the National Petrochemical Company’s (Petrochem) stock at a value of SAR 2.93 million on Monday on the Saudi Stock Exchange (Tadawul). The deal saw trading of 104,500 shares at a value of …
Egypt acquired about 2% of Saudi exports in 2017
13 August 02:45 PM Saudi-Egyptian bilateral trade hits SAR 7.3bn in 2017 – GASTAT
Riyadh – Mubasher: Trade exchange between Saudi Arabia and Egypt amounted to SAR 27.4 billion ($7.3 billion) in 2017, after the kingdom's exports hit SAR 18.9 billion, compared to SAR 13.9 billion in the year before, General Authority for …
The new venture will feed Aramco’s Jazan refinery and terminal on the Red Sea coast.
13 August 12:28 PM Saudi Aramco partners with Air Products, ACWA Power to implement $8bn gasification project
Riyadh – Mubasher: State-run Saudi Aramco has signed an agreement with ACWA Power and US-based Air Products to implement an $8 billion gasification and power joint venture in Saudi Arabia. Set to be located in the oil-rich kingdom’s Jazan Economic …
13 August 11:59 AM Oil slips on gloomy emerging market demand outlook
Oil prices dipped on Monday as fuel demand outlook was impacted by a turmoil in emerging economies and escalating trade disputes.
The situation in Turkey will have its repercussions in the GCC economies
13 August 11:59 AM Turkish crisis keeps special presence in UAE markets
By: Mahmoud Gamal Dubai – Mubasher: The diplomatic spat between Turkey and the US has stolen the limelight from the disclosures in the UAE markets. This tension began when Turkey refused to release an American evangelical pastor accused of being …
The oil-rich kingdom has a raft of raw materials that will help in building this city
13 August 11:34 AM Saudi Arabia to build auto manufacturing city
Riyadh – Mubasher: Saudi Arabia will begin establishing a car manufacturing city in the coming period, along with providing a slew of advantages and incentives for investors, the Ministry of Energy, Industry and Mineral Resources said. The …
The consumer services sector fell 0.8%
13 August 11:13 AM Saudi indices open Monday on negative note
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) started Monday's trading session in red territory after its main Tadawul All Share Index (TASI) slumped 35.37 points, or 0.4%, to 8,029.55 points. By 10:42 am Saudi time, TASI’s trading volume …
TASI’s trading volume stood at 133 million shares on Sunday
12 August 04:32 PM TASI hits 3M low, Nomu edges up at Sunday’s close
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Sunday's trading session in the red after its benchmark Tadawul All Share Index (TASI) plunged 111.26 points, or 1.36%, to 8,064.92 points, recording its sharpest losses in more than …