News Analysis

Second phase of inclusion in FTSE will be implemented on 1 May

55 minutes ago Tadawul to extend closing auction session on 30 April

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Sunday announced the extension of the closing auction session to 20 minutes instead of 10 minutes on 30 April only, according to a statement. This step comes prior to the second phase of …

Markets Regulations

TASI’s liquidity edged down to SAR 2.84 billion on Sunday

3 hours ago TASI in green; Nomu loses 100 pts at Sunday’s close

Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) main Tadawul All Share Index (TASI) rose 43.14 points, or 0.47%, to close at 9,239.67 points on Sunday. TASI’s liquidity edged down to SAR 2.84 billion on Sunday, compared to SAR 2.87 billion …

Trading Activities

Rents and property prices have decreased the most in Q1-19

11:47 AM Over 20,000 units likely to enter Dubai market in 2019

Dubai – Mubasher: The real estate sector in Dubai has witnessed more than 20,000 units entering the market during 2018, head of consulting at Chestertons MENA Ivana Vucinic said, according to TimeOut Dubai. The new units have resulted in a …

The deal saw trading of around 392,000 shares

11:45 AM SABIC’s stock sees SAR 50m private deal Sunday

Riyadh - Mubasher: Saudi Basic Industries Corporation’s (SABIC) stock on Sunday saw a private transaction at a value of SAR 49.6 million on the Saudi Stock Exchange (Tadawul). The deal saw trading of around 392,000 shares at SAR 126.60 a share, …

Trading Activities

GCC markets to attract retail and institutional investors this week

08:52 AM 10 factors to attract foreign investors to GCC stocks

By: Mahmoud Gamal Mubasher: The GCC stock markets are likely to attract retail and institutional investors, mainly foreign traders, this week, analysts told Mubasher. By the end of Thursday’s trading session, most of the Gulf bourses rose, …

Trading Activities

Media and commercial services lost 3.04% and 1.89%

19 April 05:16 PM TASI levels up 108.6 pts in week, market cap gains SAR 21.36bn

Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) indices ended the week in green. Market capitalisation gained SAR 21.36 billion ($5.7 billion) to SAR 2.16 trillion ($576 billion) in a week. The Tadawul All-Share Index (TASI) went up 108.56 …

Trading Activities

Bupa is the top health insurer in Saudi Arabia

18 April 06:20 PM Al Rajhi Capital sets Bupa Arabia TP at SAR 93 per share

Riyadh – Mubasher: Al Rajhi Capital has set the target price of Bupa Arabia for Cooperative Insurance’s share at SAR 93, with a neutral rating, according to a report released on Thursday. Bupa is the top health insurer in Saudi Arabia with strong …

Trading Activities

TASI’s liquidity retreated to SAR 2.87 billion on Thursday

18 April 04:42 PM TASI sheds 41 pts; Nomu rises at Thursday’s close

Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) main Tadawul All Share Index (TASI) ended a three-session winning streak on Thursday after dropping 41.52 points, or 0.45%, to close at 9,196.53 points. TASI’s liquidity retreated to SAR 2.87 …

Trading Activities

TASI’s trading volume hit 23.24 million shares

18 April 11:27 AM TASI down, Nomu near stable early Thursday

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) started Thursday with negative performance after its main Tadawul All Share Index (TASI) fell 8.99 points, or 0.10%, to 9,229.06 points. By 10:43 am Saudi time, TASI’s trading volume hit 23.24 …

Trading Activities

The banking sector was the best performer after adding 2.03%

17 April 04:21 PM Saudi indices rise at Wednesday’s close

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Wednesday’s trading session in the green after its benchmark Tadawul All Share Index (TASI) soared 98.5 points, or 1.08%, to 9,238.05 points, registering its highest level since July …

Trading Activities

The media sector led losers with 2.3%

17 April 11:12 AM TASI rises 32 pts, Nomu stable early Wednesday

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) started Wednesday’s trading session with positive performance after its main Tadawul All Share Index (TASI) jumped 32.3 points, or 0.35%, to 9,171.86 points. By 10:40 am Saudi time, TASI’s …

Trading Activities

The pharmaceuticals sector topped gainers after adding 2.9%

16 April 04:23 PM TASI hovers over 9,100 pts; Nomu near stable at Tuesday’s close

Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) main Tadawul All Share Index (TASI) ended Tuesday’s trading session on positive note after rising 51.42 points, or 0.57%, to close at 9,139.55 points, hitting its highest level since 25 …

Trading Activities

SABIC's stock saw a private transaction valued at SAR 3.2 million

16 April 12:41 PM Tadawul sees 5 private deals worth SAR 10.5m Tuesday

Riyadh - Mubasher: The Saudi Stock Exchange’s (Tadawul) revealed the execution of five private transactions at a combined value of SAR 10.5 million during Tuesday’s trading activities. Saudi Basic Industries Corp’s (SABIC) stock saw a private …

Trading Activities

Arabian Centres Company will offer 95 million shares

15 April 04:45 PM CMA greenlights Saudi Arabian Centres’ IPO

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved Arabian Centres Company’s request to float a 20% stake in an initial public offering (IPO). The Saudi shopping malls operator, owned by Fawaz Alhokair Group, will offer 95 …

Initial Public Offerings

The basic materials sector topped gainers and advanced 0.88%

15 April 04:14 PM TASI grows 33 pts; Nomu falls at Monday’s close

Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) main Tadawul All Share Index (TASI) ended Monday’s trading session in green territory after adding32.79 points, or 0.36%, to close at 9,088.13 points. TASI’s liquidity climbed to SAR 3.1 …

Trading Activities

Sigrid de Mazieres, Director for GCC at the German National Tourist Office (GNTO)

15 April 02:50 PM GCC visitors to Germany seen up to 3.6m overnight stays by 2030

Mubasher: The Gulf nationals visiting Germany are expected to increase to 3.6 million overnight stays by the year 2030, according to the latest forecast from the German National Tourist Board (GNTB). This estimated increase in 2030 is compared …

Samba Financial Group’s stock saw a SAR 1.3m private deal

15 April 02:46 PM Alawwal Bank, Samba stocks see SAR10m private deals on Monday

Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) revealed the execution of three private transactions at a combined value of SAR 9.92 million during Monday’s trading activities. Alawwal Bank’s stock saw two private transactions valued at SAR …

Trading Activities

TASI’s traded volume amounted to 22.39 million shares

15 April 11:15 AM Saudi indices edge up early Monday

Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) main Tadawul All Share Index (TASI) started Monday’s trading session on a positive note. By 10:51 am Saudi time, TASI inched up 2.5 points, or 0.03%, to 9,057.85 points. TASI’s traded volume …

Trading Activities

Most of the Gulf bourses ended Sunday’s trading session in green territory

15 April 08:48 AM GCC stocks to see further gains this week - Analysts

By: Mahmoud Gamal Mubasher: The GCC stock markets are likely to revive and see further gains over the course of this week, analysts told Mubasher. The UAE’s twin bourses are seeing positive performance, encouraged by ongoing purchasing …

Trading Activities

Ai Evert hing summit seeks to convene the world’s leading investment community

14 April 05:15 PM UAE to host world Ai Everything summit end-April

Dubai - Mubasher: The UAE will host ‘Ai Everything’ summit, the world’s primary artificial intelligence summit that aims at empowering global dialogue on the future of government, business, and society. The summit will kick off at the Dubai World …

Event

Total of 2153 billionaires from varied sectors are featured in Forbes 2019

14 April 05:00 PM UAE-based Syrian Aboud among Forbes ME Arab Billionaires 2019

Dubai – Mubasher: The Dubai-based Syrian entrepreneur Ghassan Aboud and noted philanthropist was among the Arab billionaires in Forbes Middle East April 2019 issue. With a wealth estimated at $1.75 billion, Aboud ranked the16th amongst the Arab …

The pharmaceuticals sector was the top decliner after sliding 1.09%

14 April 04:07 PM TASI sheds 32 pts; Nomu rises modestly at Sunday’s close

Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) main Tadawul All Share Index (TASI) ended a four-session winning streak after dropping 32.63 points, or 0.36%, to close at 9,055.34 points on Sunday. TASI’s liquidity retreated to SAR 2.5 …

Trading Activities

Negotiations with lenders are still at an early phase

14 April 03:24 PM Saudi PIF eyes $5-8bn bridge loan

Riyadh – Mubasher: Saudi Arabia’s Public Investment Fund (PIF) is reportedly in initial negotiations with banks to obtain a bridge loan expected to range from $5 billion to $8 billion, depending on the response of lenders, sources told Bloomberg …

The banking sector fell 0.38%

14 April 11:09 AM TASI falls 20 pts; Nomu stable early Sunday

Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) main Tadawul All Share Index (TASI) started Sunday’s trading session with a negative performance, pressured by the fall of most sectors. By 10:38 am Saudi time, TASI dropped 20.20 points, or …

Trading Activities

Jumia Group offers 81,000 active sellers

14 April 10:22 AM 1st African tech startup Jumia goes public on NYSE

Mubasher: Jumia Group has listed its shares on the New York Stock Exchange (NYSE) under the name “JMIA” on Friday, 12 April. Active in 14 countries across the world, Jumia Technologies AG has become the first African technologies company to go …

Corporate Actions