News Analysis

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 …

Trading Activities

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 …

Trading Activities

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 …

Trading Activities

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, …

Stock Evaluations

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 …

Trading Activities

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 …

Trading Activities

S&P expects Islamic finance growth to settle at 5% for two years

20 June 05:03 PM Islamic finance assets reach $2trn in 2016 - S&P

Mubasher: A report by Standard and Poor's Global Ratings (S&P) showed that assets of the Islamic finance industry amounted to $2 trillion by the end of 2016. The rating agency expects the industry to continue to grow this year, then lose some …

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 …

Trading Activities

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 …

Trading Activities

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 …

Trading Activities

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 …

Stock Evaluations

The Kingdom pumped 9.946 million bpd in April

19 June 04:18 PM KSA crude exports down to 7m bpd in April

Riyadh – Mubasher: Saudi Arabia's crude exports fell to 7.01 million barrels per day (bpd) in April compared to 7.23 million bpd in March, according to Reuters. The Kingdom pumped 9.946 million bpd in April up from 9.90 million bpd in March. Crude …

Traded value reached SAR 4 billion on Monday

19 June 03:31 PM Tadawul, Nomu end Monday on positive note

Riyadh – Mubasher: The main index of the Saudi Stock Exchange (Tadawul) levelled up 2.4% or 165.14 points to close at 7,046.53 points on Monday. Traded value reached SAR 4 billion on Monday through exchanging 147.96 million shares. The food …

Trading Activities

The bank achieved SAR 23.48 million in liquidity

19 June 01:48 PM BSF tops Tadawul hikes Monday

Riyadh – Mubasher: Banque Saudi Fransi (BSF) topped the Saudi Stock Exchange’s (Tadawul) hikes on Monday to achieve its highest gains in six years. By 01:44 pm KSA time, the bank surged 9% to SAR 29.90. The bank achieved SAR 23.48 million in …

Trading Activities

The stock traded between SAR 62.20 and SAR 64.80

19 June 01:41 PM One private transaction on Tadawul totals SAR 732m

Riyadh – Mubasher: One transaction privately executed on the Saudi Stock Exchange (Tadawul) on Al Rajhi Bank’s shares on Monday totalled SAR 732 million. The transaction saw the trading of 12 million of the bank’s shares at SAR 61 per share. …

Trading Activities

The stock rose 5.2% to SAR 21.10 by 12:24 pm KSA time

19 June 12:28 PM Arab National Bank hits 5M high on Monday

Riyadh – Mubasher: The Arab National Bank saw a positive performance on Monday to reach its highest level in five months. The stock rose 5.2% to SAR 21.10 by 12:24 pm KSA time. The company achieved SAR 16.57 million in liquidity by exchanging …

Trading Activities

The capital cut will be applied on the accounts as of 19 June

19 June 11:54 AM Edaa applies Wafa Insurance capital cut Monday

Riyadh – Mubasher: The Securities Depository Center (Edaa) announced applying the capital decrease for the Saudi Indian Company for Cooperative Insurance (Wafa Insurance) on the accounts of the eligible shareholders. The capital cut will be …

Markets Regulations

16.04 million shares were exchanged at a value of SAR 374.44 million

19 June 11:01 AM Tadawul opens Monday in green, Nomu unchanged

Riyadh – Mubasher: The main index of the Saudi Stock Exchange (Tadawul) added 0.35% or 24.31 points to 6,905.70 points at Monday’s open. By 10:58 am KSA time, 16.04 million shares were exchanged at a value of SAR 374.44 million. The retailing …

Trading Activities

Traders at Boursa Kuwait

19 June 08:15 AM GCC stocks’ trend dependent on oil prices - Analysts

By: Mahmoud Gamal Mubasher: The GCC stock markets are expected to suffer further losses on Monday, amid anticipation of the performance of oil prices, which fell to their lowest level since the beginning of this year, analysts told Mubasher. …

Stock Evaluations

Traded value reached SAR 1.9 billion on Sunday

18 June 03:28 PM Tadawul gains, Nomu loses at Sunday close

Riyadh – Mubasher: The main index of the Saudi Stock Exchange (Tadawul) levelled up 0.89% or 60.58 points to close at 6,881.39 points on Sunday. Traded value reached SAR 1.9 billion on Sunday through exchanging 102 million shares. The utilities …

Trading Activities

The stock rose 1.8% to SAR 24.49 by 11:45 pm KSA time

18 June 11:57 AM SABB hits 6M high on Sunday

Riyadh – Mubasher: The Saudi British Bank (SABB) saw a positive performance on Sunday to reach its highest level in six months. The stock rose 1.8% to SAR 24.49 by 11:45 pm KSA time. The company achieved SAR 1.07 million in liquidity by exchanging …

Trading Activities

12.06 million shares were exchanged at a value of SAR 156.87 million

18 June 10:42 AM Tadawul opens Sunday up, Nomu unchanged

Riyadh – Mubasher: The main index of the Saudi Stock Exchange (Tadawul) went up 0.16% or 10.67 points to 6,831.48 points at Sunday’s open. By 10:37 am KSA time, 12.06 million shares were exchanged at a value of SAR 156.87 million. The food sector …

Trading Activities

Gulf stock markets should be able to hold well this week

18 June 08:23 AM Stability of GCC bourses bound by oil above $50 pb – Analysts

By: Mahmoud Gamal Mubasher: Gulf stock markets should be able to hold well this week if oil prices recover and remain above $50 per barrel (pb), analysts told Mubasher on Sunday. On Thursday, GCC bourses ended mixed, with the Saudi Stock Exchange …

Trading Activities

Trading activity will resume after the holiday on Sunday, 2 July.

16 June 04:20 PM Tadawul announces Eid Al-Fitr holiday

Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) has announced that the Eid Al Fitr holiday will begin on Thursday, 22 June, according to a bourse statement. Trading activity will resume after the holiday on Sunday, 2 July.

Trading Activities

The Saudi government is expected to keep prioritizing downstream expansion into refining and petrochemicals.

16 June 02:12 PM Saudi Arabia’s transformation starts now - Merrill Lynch

Riyadh – Mubasher: The possible stability of oil prices at $53 per barrel will lead the fiscal deficit to settle at 4.9% of GDP in 2020, according to BofA Merrill Lynch Global Research report. Foreign reserves at Saudi Arabian Monetary Agency …