Top News

On TASI, 14 sectors ended up, with food production surging 16.17%
23 June 12:08 PM TASI soars to 7-month high in June, adds 555 pts
Riyadh – Mubasher: The Saudi Stock Exchange's (Tadawul) benchmark index closed June in the green, logging its biggest rise in seven months or since November 2016. The Tadawul All Shares Index (TASI) surged 8.07%, adding 554.5 points to close the …
Traded volume on Nomu reached 122,900 shares
22 June 05:27 PM TASI hikes to 20M high, Nomu jumps 1.2%
Riyadh – Mubasher: The main index of Saudi Stock Exchange (Tadawul) levelled up 1.2%, or 90.85 points to close at 7,425.72 points on Thursday, registering its highest level in 20 months, or since 21 October 2015. Turnover amounted to SAR 7.53 …
The capacity of the designed grinder amounts to 150 tonnes per hour
22 June 12:48 PM Eastern Cement starts experimental operation of new grinder
Riyadh – Mubasher: Eastern Province Cement has commenced the experimental operation of its new cement grinder project on Wednesday. The capacity of the designed grinder amounts to 150 tonnes per hour and will help expanding and growing the …
49.13 million shares were exchanged at a value of SAR 1.27 billion
22 June 10:46 AM Tadawul, Nomu open Thursday in green
Riyadh – Mubasher: The main index of the Saudi Stock Exchange (Tadawul) rose 1.2% or 84.04 points to reach 7,418.91 points at Thursday’s open. By 10:39 am KSA time, 49.13 million shares were exchanged at a value of SAR 1.27 billion. The retailing …
Traders at Abu Dhabi's bourse
22 June 08:17 AM GCC bourses likely to see calm trades ahead of Eid Al Fitr - Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets are expected to see calm trading on Thursday as investors are shying away from building new positions ahead of the Eid Al Fitr holiday, amid the decline of oil prices to their ten-month low, …
Tadawul rises at 2m high, Nomu falls at Wednesday close
21 June 06:01 PM Tadawul rises at 2M high, Nomu falls at Wednesday close
Riyadh – Mubasher: The main index of Saudi Stock Exchange (Tadawul) jumped 5.5% or 382.2 points on Wednesday, the highest rate of increase since 25 August 2015, to close at 7334.87 points, a two-month high. The rise came after the Saudi crown …
Saudi Arabia had opened its market to international investors in June 2015
21 June 05:17 PM Inclusion of Tadawul to MSCI to increase liquidity
Riyadh – Mubasher: The addition of the Saudi Stock Exchange (Tadawul) to the MSCI Emerging Market Index’s Watch List is expected to increase the liquidity and benefit the listed companies and investors, Tadawul’s chairperson said. “Saudi Arabia’s …
The date of distribution will be on 17 August
21 June 03:59 PM SABIC proposes SAR 6bn dividends for H1
Riyadh – Mubasher: Saudi Basic Industries Corp’s (SABIC) board recommended the distribution of cash dividends for the first half of 2017. The company would distribute 20% of the nominal value at SAR 2 per share, totaling SAR 6 billion, according …
The IPO of Al-Kathiri had been oversubscribed by 251%
21 June 02:01 PM Edaa adds subscribed shares of Al Kathiri Wednesday
Riyadh – Mubasher: The Securities Depository Center Company (Edaa) has added the subscribed shares of Al Kathiri Holding Co on Wednesday to the investors’ accounts pursuant to the allocated securities of each subscriber. Falcom Financial Services …
The purpose of the deal is to begin financial, legal, and actuarial due diligence
21 June 01:50 PM Gulf Union, Al Ahlia ink MoU on potential merger
Riyadh – Mubasher: Gulf Union Cooperative Insurance signed a non-binding memorandum of understanding (MoU) with Al Ahlia for Cooperative Insurance on Tuesday. The purpose of the deal is to begin financial, legal, and actuarial due diligence and …
Qatar, the world’s second largest helium producer, has already solved the problem of its helium output suspension
21 June 01:12 PM Qatar able to endure blockade, sanctions - CEO
Doha – Mubasher: Qatar is able to forever face the blockade imposed by some Arab and GCC states as its oil and gas industries will not be negatively impacted, Qatar Petroleum’s (QP) CEO Saad Sherida Al-Kaabi said on Tuesday. "With what we have …
The bank will distribute 3.5% of the nominal value at SAR 0.35 per share
21 June 11:52 AM Riyad Bank to pay SAR 1bn H1-17 dividends 16 July
Riyadh – Mubasher: The board of Riyad Bank decided to distribute cash dividends at 3.5% of the nominal value, or SAR 0.35 per share, for the first half of 2017. Dividends total SAR 1.05 billion, according to a bourse filing on Wednesday. …
King Salman extends Eid Al Fitr holiday
21 June 11:01 AM King Salman extends Eid Al Fitr holiday
Riyadh – Mubasher: Saudi Arabia’s King Salman has extended the Eid Al Fitr holiday for all employees to 15 Shawwal instead of 8 Shawwal (Hijri). Previously, the Saudi Ministry of Civil Service had announced that the Eid Al Fitr holiday will start …
32.2 million shares were exchanged at a value of SAR 742.6 million on Tadawul
21 June 10:48 AM Tadawul, Nomu start Wednesday high on potential MSCI addition
Riyadh – Mubasher: The main index of the Saudi Stock Exchange (Tadawul) rose 1.73% or 120.3 points to 7,072.97 points at Wednesday’s open. By 10:32 am KSA time, 32.2 million shares were exchanged at a value of SAR 742.6 million. The food sector …
Prince Mohammed bin Salman has become the next in line to the Saudi throne
21 June 06:31 AM KSA King Salman ousts nephew, names son heir
Riyadh – Mubasher: Saudi crown prince Mohammed bin Nayef has been relieved of his post as the prime minister and interior minister, according to a royal order released by Saudi King Salman bin Abdulaziz Al Saud. Prince Mohammed bin Salman has …
The Minister of Investment met with representatives from British companies operating in Egypt
20 June 06:09 PM Egypt saw $43bn of British investments last decade
Cairo - Mubasher: The Egyptian minister of investment and international cooperation said that the investments of British companies in Egypt reached $43 billion in the last ten years. Sahar Nasr added on Tuesday that British companies expressed …
Traded value reached SAR 2.7 billion on Tuesday
20 June 03:08 PM Tadawul, Nomu end Tuesday in red
Riyadh – Mubasher: The main index of Saudi Stock Exchange (Tadawul) levelled down 1.3% or 93.86 points to close at 6,952.67 points on Tuesday. Traded value reached SAR 2.7 billion on Tuesday through exchanging 122 million shares. The utilities …
The stock fell 5.1% to SAR 22.72
20 June 02:48 PM Samba stock leads decliners on Tadawul Tuesday
Riyadh – Mubasher: Samba Financial Group saw a negative performance on Tuesday, as it declined at its fastest pace in eight months. The stock fell 5.1% to SAR 22.72 by 02:46 pm KSA time, leading losers on the Saudi Stock Exchange (Tadawul) . The …
Doha is ready to discuss all GCC concerns according to principles that were previously agreed on
20 June 12:15 PM Qatar takes legal action to open flight routes – Minister
Doha – Mubasher: Qatar is currently taking legal procedures to open the routes for Qatari flights, Al Arabiya Channel said via its Twitter account, citing Qatar's minister of foreign affairs Mohammed bin Abdulrahman Al-Thani as saying. Doha is …
27.9 million shares were exchanged on Tadawul at a value of SAR 597.1 million
20 June 11:31 AM Tadawul, Nomu open Tuesday in green
Riyadh – Mubasher: The main index of the Saudi Stock Exchange (Tadawul) added 0.02% to reach 7,048.16 points at Tuesday’s open. By 11:15 am KSA time, 27.9 million shares were exchanged at a value of SAR 597.1 million. The telecom, banks, and …
The face value of each certificate reached SAR 84,840
20 June 11:17 AM AATSC partially redeems semi-annual sukuk
Riyadh – Mubasher: The Arabian Aramco Total Services Company (AATSC) has partially redeemed its semi-annually scheduled sukuk on Tuesday. After the redemption, the face value of each certificate reached SAR 84,840 and the outstanding sukuk …
Traders at Saudi bourse
20 June 07:58 AM Saudi, UAE stocks attract institutional, foreign liquidity - Analysts
By: Mahmoud Gamal Mubasher: Institutional and foreign traders tended to invest in mid- and small-cap stocks listed on the Saudi and UAE stock markets, pushing them to rise, analysts told Mubasher. The GCC stock markets are expected to see a …
UAE energy minister Suhail bin Mohammed Al Mazrouei
18 June 11:56 AM Impact of oil output cut extension to be seen in Q3 – UAE energy minister
By: Amr Adel Dubai - Mubasher: The decision to extend oil output reduction will impact prices in the third quarter of 2017, said UAE energy minister Suhail bin Mohammed Al Mazrouei late Saturday. Speaking to journalists on the sidelines of the …
The company is set to establish a new factory
19 June 05:30 PM Yamama Cement agrees raising credit facility limit
Riyadh - Mubasher: Yamama Cement announced on Monday that it has agreed with National Commercial Bank (NCB) and Samba Financial Group raising the sharia-compliant credit facility limit from SAR 1 billion to SAR 3.6 billion. The company said in a …
Qatar sees sharp FDI drop in 2016 - UNCTAD
19 June 05:23 PM Qatar sees sharp FDI drop in 2016 - UNCTAD
Doha – Mubasher: Foreign direct investment (FDI) in Qatar dropped during 2016, according to a report issued by the United Nations Conference on Trade and Development (UNCTAD). FDI in the Gulf state reached $774 million in 2016, compared to $1.071 …