News Analysis

Traders at Boursa Kuwait

1 hour ago 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 …

Trading Activities

The Tadawul All Share Index’s (TASI) trading volume stood at 136 million shares, at a value of SAR 2.7 billion

20 August 04:14 PM TASI, Nomu close Sunday up

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Sunday in the green zone after increasing 0.42% or 29.9 points to reach 7,209.2 points. The Tadawul All Share Index’s (TASI) trading volume stood at 136 million shares, at a value of SAR …

Trading Activities

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 …

Trading Activities

By 10:50 am KSA time, the Tadawul All Share Index’s (TASI) trading volume reached 27.6 million shares, generating SAR 566.5 million

20 August 11:27 AM TASI up, Nomu stable at Sunday open

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) increased 0.62% or 44.3 points to reach 7,223.7 points in Sunday’s early trades. By 10:50 am KSA time, the Tadawul All Share Index’s (TASI) trading volume reached 27.6 million shares, …

Trading Activities

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. …

Trading Activities

The partnership will enable both entities to expand their presence in Saudi and Gulf markets

19 August 08:35 PM DGCX to launch Sharia compliant spot gold contract

Dubai - Mubasher: The Dubai Gold and Commodities Exchange (DGCX) has reached an agreement with Ayedh Dejem Group to launch the first Sharia compliant Spot Gold contract in the Middle East, to be traded on an international exchange. According to an …

Sukuk and Islamic Finance

Investors in the Saudi Stock Exchange are anticipating a series of important events this week

19 August 08:10 PM Tadawul awaits important events this week

Riyadh - Mubasher: Investors in the Saudi Stock Exchange (Tadawul) are anticipating a series of major events this week, between 20 and 24 August, led by a number of general assembly meetings and dividends distributions. Saudi Telecom Company (STC) …

Trading Activities

TASI went up 0.2% and closed at 7,179 points

18 August 04:52 PM TASI rises for 2nd week in row

Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) continued the upwards trend and ended the week on a rise, while the Nomu-Parallel Market fell for the third consecutive week. The Tadawul All Shares Index (TASI) went up by 0.2%, gaining 14.7%, …

Trading Activities

The Tadawul All Share Index’s (TASI) trading volume stood at 156.43 million shares, through 98,130 transactions, at a value of SAR 3.04 billion

17 August 04:37 PM TASI, Nomu rise at Thursday close

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Thursday in the green zone after increasing 0.72% or 50.99 points reaching 7,179.34 points. The Tadawul All Share Index’s (TASI) trading volume stood at 156.43 million shares, through …

Trading Activities

The REITs, telecommunication services, banks, and materials sectors rose 5.2%, 0.58%, 0.47%, and 0.01%, respectively

16 August 04:27 PM TASI, Nomu close Wednesday up

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Wednesday in the green zone after gaining 0.35% or 25.11 points to reach 7,128.35 points. The Tadawul All Share Index’s (TASI) trading volume reached 136.3 million shares on Wednesday, …

Trading Activities

By 1:00 pm KSA time, the stock surged 9.08% to SAR 13.10, after 1.53 million shares were exchanged, through 976 transactions, generating SAR 19.6 million

16 August 02:26 PM Medgulf stock hits highest level in 9M on Wednesday

Riyadh – Mubasher: Mediterranean and Gulf Cooperative Insurance and Reinsurance’s (Medgulf) stock registered its highest level since nine months, or since 13 November 2016, during Wednesday's trading activities. By 1:00 pm KSA time, the stock …

Trading Activities

The Tadawul All Share Index’s (TASI) trading volume stood at 177 million shares, generating SAR 3.726 billion

15 August 05:04 PM TASI, Nomu close Tuesday in red

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Tuesday 0.31% or 22.2 points lower to reach 7,103.2 points. The Tadawul All Share Index’s (TASI) trading volume stood at 177 million shares, generating SAR 3.726 billion. The media, real …

Trading Activities

By 10:56 am KSA time, The Tadawul All Share Index's (TASI) trading volume reached 31.6 million shares, with a liquidity of SAR 597.97 million

15 August 11:25 AM TASI down, Nomu up at open Tuesday

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) slipped 0.06% or 4.5 points reaching 7,120.95 points in Tuesday’s early trades. By 10:56 am KSA time, The Tadawul All Share Index's (TASI) trading volume reached 31.6 million shares, with a …

Trading Activities

NGLs prices rose in August but could decrease in September on weak demand

14 August 10:27 PM Al Rajhi forecasts declining NGL prices in September

Riyadh - Mubasher: Al Rajhi Capital is expecting natural gas liquids (NGLs) prices to decline in September on weak demand during the summer season due to lower heating demand, according to a recent report. Saudi Aramco increased natural gas …

The benchmark index lost 0.32% and closed at 7,125 points

14 August 06:19 PM TASI down for 2nd day in row

Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended Monday’s trade in red, for the second session in a row, pressured by the decline of most of the market sectors’ indices. The Tadawul All Shares Index (TASI) went down by 0.32%, losing …

Trading Activities

The only three IPOs in the region were hosted in Saudi Arabia

14 August 12:46 PM GCC IPO activity drops in Q2; volatility dampens investors – Report

Mubasher: The performance of initial public offerings (IPOs) in the GCC witnessed a slowdown during the second quarter of 2017 in the number of offerings and total proceeds raised, according to a report by PricewaterhouseCoopers (PwC) on Monday. …

Trading Activities

By 10:48 am KSA time, TASI declined 0.17% or 12.28 points to 7,135.93 points

14 August 11:27 AM TASI opens Monday in red; Nomu stable

Riyadh – Mubasher: The benchmark index of the Saudi Stock Exchange (Tadawul) dropped early Monday, pressured by the declining banks and materials sectors. By 10:48 am KSA time, the Tadawul All Share Index (TASI) declined 0.17% or 12.28 points to …

Trading Activities

The main index lost 0.23% and closed at 7,148 points

13 August 05:22 PM Tadawul closed Sunday down after 5 rises

Riyadh - Mubasher: The Stock Exchange (Tadawul) ended the first session of the week in a decline, after rising for six consecutive sessions, while the Nomu-Parallel Market rose for the second day in a row. The Tadawul All Shares Index (TASI) lost …

Trading Activities

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 first phase of Zahrat Al Waha’s IPO was 120% oversubscribed.

13 August 11:42 AM Retail subscription in Zahrat Al Waha begins Sunday

Riyadh – Mubasher: Subscription in 900,000 shares for retail investors as part of Zahrat Al Waha for Trading’s initial public offering (IPO) is scheduled to commence Sunday on the Saudi Stock Exchange (Tadawul). The financial institutions and …

Trading Activities

By 11:14 am Saudi time, Medgulf’s stock plunged 9.96%

13 August 12:09 PM Medgulf’s stock plunges to 19M low as Q2 losses surge

Riyadh – Mubasher: Mediterranean & Gulf Insurance and Reinsurance Company’s (MedGulf) stock on Sunday dropped at its fastest rate in 15 months or since 23 May 2016, after the company reported widening its losses in the second quarter of 2017. By …

Trading Activities

CITC closed the branch due to the violation of consumer protection rules

12 August 04:27 PM CITC closes on of Zain branches in Riyadh

Riyadh - Mubasher: The Saudi Communications and Information Technology Commission (CITC) announced on Saturday that it has closed one of the branches of Mobile Telecom Company (Zain) in Riyadh. CITC said that the due to the lack of transparency …

Markets Regulations

The main index went up by 79 points and closed the week at 7,146.6 points

11 August 04:21 PM TASI gains 1.1% in week

Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) saw a positive performance during the week that ended on 10 August, with the market capital grew by 0.92% or SAR 15.5 billion to SAR 1.694 trillion. The Tadawul All Shares Index (TASI) lost …

Trading Activities

The capital goods, banks, and materials sectors rose 1.46%, 0.37%, and 0.19%, respectively

10 August 04:41 PM TASI up, Nomu down at Thursday close

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Thursday in the green zone after increasing 0.16% or 11.47 points to reach 7,164.64 points. The Tadawul All Share Index’s (TASI) trading volume stood at 167.75 million shares on Thursday …

Trading Activities

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 …

Trading Activities