News Analysis

Saudi Advanced Industries Co. topped the rising stocks with 9.9%.

28 February 03:53 PM TASI levels down at Sunday’s close

Riyadh – Mubasher: The Tadawul All Share Index (TASI) went down by 0.54% at the end of Sunday’s trading session to stand at 9,144.99 points. The market’s turnover amounted to SAR 11.8 billion where about 408.6 million shares were traded through …

Trading Activities

Herfy Food Services Co. was the top gainer with 10%.

25 February 04:08 PM TASI, NomuC rise at Thursday’s close

Riyadh – Mubasher: The Tadawul All Share Index (TASI) gained 79.16 points or 0.87% on Thursday to settle at 9,194.92 points. The market’s liquidity totalled SAR 13.75 billion and the trading volume reached 449.56 million shares. Capital goods …

Trading Activities

The GCC insurers could face key risks relating to volatility of earnings

25 February 12:51 PM S&P Global ratings on GCC insurance market expected to remain stable in 2021

Mubasher: S&P Global predicted its ratings on the GCC insurance market to remain stable in 2021, attributed to strong capital buffers, despite the coronavirus (COVID-19) economic repercussions and uncertainty. A relatively large number of the GCC …

The company will be listed on Tadawul with the symbol 2081.

25 February 10:54 AM Alkhorayef Water to start trading on Tadawul next Monday

Riyadh – Mubasher: Shares of Alkhorayef Water and Power Technologies Company will begin trading on the main market of the Saudi Stock Exchange (Tadawul) on Monday, 1 March 2021. The company will be listed with the symbol 2081 and ISIN Code …

Markets Regulations

All of the market’s sectors were down on Wednesday, except banks and diversified financials.

24 February 03:58 PM TASI, NomuC end Wednesday’s session lower

Riyadh – Mubasher: The Tadawul All Share Index (TASI) edged lower on Wednesday by 0.39% to reach 9,115.76 points. Turnover was SAR 16.79 billion and the trading volume reached 545.868 million shares. All of the market’s sectors ended in the red …

Trading Activities

Photo Archive

23 February 04:37 PM Tadawul delists gov't debt instruments of SAR 650m

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has announced the changes for the listed debt instruments. The issuance number 1001-5 (Tadawul Code: 5210) worth SAR 650 million will be delisted due to maturity on 23 February 2021, according …

Trading Activities

Nama Chemicals Co. topped the rising stocks with 9.99% on Tuesday.

23 February 03:57 PM TASI ends Tuesday’s session in green

Riyadh – Mubasher: The Tadawul All Share Index (TASI) grew by 0.82% or 74.09 points at the end of Tuesday’s trading session, standing at 9,151.71 points. Turnover came in at SAR 15.9 billion and the trading volume was 465.767 million shares. …

Trading Activities

The market’s liquidity reached SAR 14.78 billion on Monday.

22 February 04:00 PM TASI closes Monday’s session down

Riyadh – Mubasher: The Tadawul All Share Index (TASI) inched down by 0.09% on Monday, losing 8.35 points and settling at the level of 9,077.62 points. The market’s liquidity reached SAR 14.78 billion and the trading volume totalled 382.516 million …

Trading Activities

Total sells of foreign investors reached SAR 3.13 billion, while buys hit SAR 3.02 billion.

22 February 01:48 PM Foreign investors on Tadawul sell SAR 116.8m of stocks last week

Riyadh – Mubasher: Foreign investors on the Saudi Stock Exchange (Tadawul) shifted towards selling activity during the week ended on 18 February 2021, whereas Saudi investors leaned towards buying activity and GCC investors continued to register …

Trading Activities

Revenues of the three firms stood at SAR 81 billion, an annual increase of 6.18%.

21 February 04:26 PM Profits of three Saudi telecom companies hike 8.5% in 2020

Riyadh – Mubasher: Combined profits of Saudi telecom companies listed on the Saudi Stock Exchange (Tadawul) rose by 8.5% during 2020 or SAR 947 million when compared to a year earlier. The net earnings of three Tadawul-listed telecom operators, …

Turnover amounted to SAR 11.4 billion where about 313.2 million shares were exchanged.

21 February 03:55 PM TASI adds 61.74 pts on Sunday

Riyadh – Mubasher: The Tadawul All Share Index (TASI) added 61.74 points or 0.68% at the end of Sunday’s trading session to reach the level of 9,085.97 points. Turnover amounted to SAR 11.4 billion where about 313.2 million shares were exchanged …

Trading Activities

United Wire Factories Co. was the top gainer with 10%.

17 February 04:00 PM TASI levels down on Wednesday; NomuC rises

Riyadh – Mubasher: The Tadawul All Share Index (TASI) was down by 0.19% or 17.65 points on Wednesday, settling at the level of 9,084.31 points. Turnover registered SAR 14.23 billion and the trading volume amounted to 489.111 million shares. …

Trading Activities

The ‘9513’ symbol has been assigned to the company’s stock.

17 February 11:10 AM Watani Iron Steel begins trading on Tadawul today

Riyadh – Mubasher: Listing and trading the shares of Watani Iron Steel Co on the Saudi bourse began on Wednesday, 17 February 2021, the Saudi Stock Exchange (Tadawul) said. The company will be listed on the Nomu-Parallel Market Capped Index …

Trading Activities

Photo Archive

16 February 04:47 PM Saudi Customs handles SAR 710bn worth of goods since Covid-19 outbreak

Riyadh – Mubasher: Saudi Customs’ ports handled goods worth more than SAR 710 billion during the period from the beginning of the coronavirus pandemic until 8 February 2021. Over 1 billion tonnes of goods were handled during the said period …

Tabuk Agricultural Development Co. was the top rising stock with 10%.

16 February 03:35 PM TASI advances 0.22% on Tuesday

Riyadh – Mubasher: The Tadawul All Share Index (TASI) settled on Tuesday at the level of 9,101.96 points after growing by 0.22% or 20.18 points. Turnover stood at SAR 13.7 billion where around 480.103 million shares were traded via 510,793 …

Trading Activities

The fund mainly targets rapidly-growing markets in MENA and neighbouring geographies.

16 February 02:12 PM Nuwa Capital concludes first close of its $100m fund

Dubai – Mubasher: Nuwa Capital, a Dubai and Riyadh-based venture capital firm, announced the first close of its flagship fund, Nuwa Ventures Fund I (NVF), having raised three-quarters of its $100 million target in less than a year since its …

Companies Investments

CHUBB Arabia Cooperative Insurance Co. topped the green with 9.97%.

15 February 03:58 PM TASI ends Monday’s session in green

Riyadh – Mubasher: The Tadawul All Share Index (TASI) closed Monday’s session on a positive note after levelling up by 0.51% to reach 9,081.78 points. The market’s liquidity stood at SAR 14.39 billion and the trading volume reached 386.139 million …

Trading Activities

Photo Archive

15 February 02:53 PM Remittances from Filipinos in GCC down to $5.1bn in 2020

Riyadh – Mubasher: Remittances paid by Filipino labour in GCC countries dropped by 11.21% on an annual basis in 2020. Filipinos’ remittances from the Gulf region registered $5.11 billion last year, compared to $5.76 billion in 2019, according to …

Buys of foreign and Gulf investors netted SAR 216.13 million and SAR 140.26 million, respectively.

15 February 10:30 AM Foreign, GCC investors increase purchases on Tadawul last week

Riyadh – Mubasher: Foreign and GCC investors increased their purchases on the Saudi Stock Exchange (Tadawul) during the week ended on 11 February 2021, whereas Saudi investors continued to record sales deals. Buys of foreign and Gulf investors …

Trading Activities

The Nomu-Parallel Market Capped Index (NomuC) fell to 25,146.82 points on Sunday.

14 February 04:05 PM TASI rises at Sunday’s close; NomuC dips

Riyadh – Mubasher: The Tadawul All Share Index (TASI) gained 91.68 points or 1.03% on Sunday to reach the level of 9,035.53 points. The turnover amounted to SAR 12.077 billion where around 324.147 million shares were traded through 440,447 …

Trading Activities

Go returned to profitability in the third quarter (Q3) of the fiscal year 2020/2021.

14 February 09:18 AM GO’s stock to resume trading Sunday

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced that Etihad Atheeb Telecommunication Company’s (GO) stock will resume trading starting as of Sunday, 14 February 2021. This comes after the company had disclosed its financial results …

Trading Activities

Turnover decreased to SAR 11.75 billion today from SAR 12.38 billion on Wednesday.

11 February 03:35 PM TASI adds 42.22 pts on Thursday

Riyadh – Mubasher: The Tadawul All Share Index (TASI) added 0.47% or 42.22 points at the end of Thursday’s trading session, reaching the level of 8,943.85 points. Turnover decreased to SAR 11.75 billion today from SAR 12.38 billion on Wednesday. …

Trading Activities

Anaam International Holding Group came on top of the risers with 10%.

10 February 03:52 PM TASI levels up 0.1% at Wednesday’s close

Riyadh – Mubasher: The Tadawul All Share Index (TASI) edged up by 0.1% on Wednesday, adding 8.71 points and settling at the level of 8,901.63 points. The market’s liquidity fell to SAR 12.38 billion today, compared with SAR 13.4 billion on …

Trading Activities

The Nomu-Parallel Market Capped Index edged lower by 0.9% on Tuesday.

9 February 03:49 PM TASI ends Tuesday’s session in green

Riyadh – Mubasher: The Tadawul All Share Index (TASI) rose by 0.95% or 83.58 points at Tuesday’s close, settling at 8,892.92 points. The turnover reached SAR 13.4 billion today, up from SAR 12.47 billion a day earlier, while the trading volume …

Trading Activities

The Shari’ah Credit Fund is expected to make investments of $15 million to $50 million throughout its eight-year life.

9 February 03:20 PM Saudi PIF anchors NBK Capital Partners’ private lending fund

Riyadh – Mubasher: NBK Capital Partners announced the successful first closing of a targeted $300 million Sharia credit fund anchored by the Saudi Public Investment Fund (PIF) and other institutional investors. NBK Capital Partners deploys a …