News Analysis

The retail industry in Kuwait is forecast to grow by 9% in 5 years
11 December 01:21 PM Retail in GCC likely to grow with over $24bn in 5 yrs
Mubasher: The retail industry in the Gulf region is expected to grow with more than $24 billion during the coming five years, according to a recent report by Euromonitor International for market research, Al Jarida Newspaper reported. Euromonitor …
January OSP for Kuwait Export Blend Crude (KEC) to Asia fell by 65 cents
11 December 12:37 PM Kuwait cuts January crude selling prices for Asia
Mubasher: Kuwait has cut January official selling prices (OSPs) for its two crude grades for export to Asia, Reuters reported on Tuesday according to two sources with knowledge of the matter. January OSP for Kuwait Export Blend Crude (KEC) to Asia …
The insurance sector led gainers with 1.4%
10 December 11:16 AM Saudi indices open Monday in green
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) started Monday’s trading session with a positive performance after its benchmark Tadawul All Share Index (TASI) levelled up 5.42 points, or 0.07%, to 7,844.69 points. By 10:40 am Saudi time, …
Photo Archive
6 December 07:36 PM TASI gains 2% in first week of December
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) ended the week in gains, as the Tadawul All Share Index (TASI) rose by around 146 points or 1.9% to close Thursday at 7,848.98 points. Market capitalization rose by SAR 40.08 billion to SAR …
The transportation sector declined 1.5%, followed by the food and beverages sector with 1.4%
5 December 04:21 PM TASI, Nomu fall at close Wednesday
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) finished Wednesday on a negative performance after its benchmark Tadawul All Share Index (TASI) retreated 21.49 points, or 0.27%, to 7,883.63 points. TASI’s trading volume hit 118.03 million …
The commercial and professional services sector led gainers with 1.76%
3 December 04:29 PM TASI records 6th straight rise, Nomu adds 19 pts Monday
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) finished Monday in the green after its benchmark Tadawul All Share Index (TASI) surged 71.77 points, or 0.91%, to 7,916.79 points, recording the sixth growth in a row. TASI’s traded volume …
TASI surges 96 pts in week, market cap rises
29 November 06:08 PM TASI surges 96 pts in week, market cap rises
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) finished the week ended on 29 November in the green after its main Tadawul All Share Index (TASI) rose 95.67 points, or 1.26%, reaching 7,702.99 points. TASI’s market capitalisation value …
Saudi Arabia seized the lion’s share of foreign reserves in September 2017
27 November 07:31 PM GCC foreign reserves rise to $693bn; Saudi leads – Analysis
By: Mahmoud Salah El Din and Eman Ghaly Mubasher: Foreign reserves held with members of the GCC rose by the end of September 2018 from a year ago, with Saudi Arabia registering the highest share of the reserves amongst its peers, statistics …
Saudi Arabia’s construction cost rises 1.9% in 12M — Report
26 November 05:14 PM Saudi Arabia’s construction cost rises 1.9% in 12M — Report
Riyadh – Mubasher: The average of construction cost in Saudi Arabia advanced by 1.9% in the 12-month period between the third quarter of 2017 and the same period of this year, Colliers international said in a report. Future Outlook The global …
Alinma Bank’s stock upped 0.19%.
26 November 04:17 PM TASI rises slightly, Nomu drops at Monday’s close
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) finished Monday in the green after its benchmark Tadawul All Share Index (TASI) went up 16.33 points, or 0.22%, to 7,528.9 points. TASI’s trading volume reached 96.13 million shares, down from …
29 UAE firms make Top 100 GCC market cap list in 2018
26 November 12:50 PM 29 UAE firms make Top 100 GCC market cap list in 2018
Dubai – Mubasher: A total of 29 UAE-based companies made Gulf Business’ list of 100 Best Companies in the GCC by Market Capitalisation for 2018. The report is issued annually in cooperation with Marmore MENA Intelligence. Several UAE banks made …
TASI retreats 55 pts in week, market cap drops
22 November 06:32 PM TASI retreats 55 pts in week, market cap drops
Riyadh – Mubasher: The Saudi Stock Exchange’s Tadawul All Share Index (TASI) slumped 54.85 points, or 0.72%, reaching 7,607.32 points by the end of week on Thursday, 22 November. TASI’s market capitalisation value decreased by SAR 16.4 billion …
22 November 04:07 PM TASI marks 20-session growth, Nomu hikes Thursday
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) finished Thursday in green territory after its main Tadawul All Share Index (TASI) surged 92.96 points, or 1.24%, to 7,607.32 points, recording its highest growth in 20 sessions, or since 25 …
22 November 02:36 PM Saudi PIF’s local bank shares hit SAR 89.13bn at end-October
Riyadh – Mubasher: Saudi Arabia’s sovereign wealth fund is owning SAR 89.13 billion, or 2.59 billion shares, at a number of local banks which are listed on the Saudi Stock Exchange (Tadawul), according to recent data by Kuwait's Al Joman Center …
22 November 12:45 PM SASCO stock sees SAR 45.04m private deal Thursday
Riyadh – Mubasher: A private transaction was implemented on the Saudi Automotive Services Company’s (SASCO) stock on Thursday at a value of SAR 45.04 million after 2.7 million shares were exchanged on the Saudi Stock Exchange (Tadawul). The deal …
Saudi internal trade firms log SAR 48bn surplus in Q2 – GASTAT
21 November 04:12 PM Saudi internal trade firms see SAR 48bn surplus in Q2 – GASTAT
Riyadh – Mubasher: Saudi enterprises operating in local trade sector achieved a surplus of as much as SAR 48 billion by the end of second quarter of 2018, the General Authority for Statistics (GASTAT) reported. The number of workers at these …
Investors in the GCC markets shall know the impact of the oil prices on the stocks
21 November 08:59 AM 10 tips for investors in GCC markets to avoid losses
By: Mahmoud Gamal Mubasher: There are ten tips for investors in the GCC markets to avoid losses in the coming months in line with the volatile global stock markets, the end of interim financial disclosures, and the unclear geopolitical scene in …
Cloud computing will play a key role in promoting Artificial Intelligence
20 November 05:34 PM MEA smart cities’ tech spending may double in 4 yrs
Mubasher: The annual technology spending by smart cities in the Middle East and Africa (MEA) region is expected to increase by a double to $2.7 billion from $1.3 billion over the coming four years, according to KPMG's "The Rise of Smart Cities – …
The capital goods sector fell 1.2%
20 November 11:01 AM Saudi indices near stable early Tuesday
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) started Tuesday in the red after its main Tadawul All Share Index (TASI) inched down 3.75 points, or 0.05%, to 7,556.4 points, driven by a drop in its blue chips. By 10:30 am Saudi time, TASI’s …
NCLE’s offering is the second listing on the Saudi bourse this year
18 November 10:34 AM NCLE starts trading on Tadawul Sunday
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced that National Company for Learning and Education (NCLE) will begin trading its shares on Sunday 18 November, on the bourse. The stock was listed on Tadawul under the symbol 4291, with …
The food and staples retailing sector increased by 1.08%
15 November 04:08 PM TASI rises slightly, Nomu closes in red Thursday
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Thursday in the green after inching up 2.29 points, or 0.03%, reaching 7,662.17 points. TASI’s trading volume stood at 128.5 million shares, down from 151.8 million in the previous …
The capital good sector levelled down 0.96%
15 November 11:02 AM TASI drops, Nomu stable early Thursday
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) started Thursday with a negative performance after its benchmark Tadawul All Share Index (TASI) fell 8.3 points, or 0.11%, to 7,651.6 points. By 10:35 am Saudi time, TASI’s trading volume …
The capital goods sector fell 2.3%
14 November 04:23 PM Saudi indices end Wednesday in red
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Wednesday with a negative performance after its benchmark Tadawul All Share Index (TASI) slumped 91.07 points, or 1.2%, to 7,659.88 points, recording its lowest level in 16 sessions, or …
The capital goods sector levelled down 1.7%
14 November 11:17 AM TASI falls 77 pts, Nomu stable early Wednesday
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) started Wednesday in red territory, after its main Tadawul All Share Index (TASI) retreated 77.39 points, or 1%, to 7,673.56 points. By 10:45 am Saudi time, TASI’s trading volume reached 39.06 …
The retail sector topped TASI’s decliners falling 1%
13 November 04:15 PM Saudi indices end Tuesday in red
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) finished Tuesday’s trading session in negative territory, pressured by the fall of eight sectors. The Tadawul All Share Index (TASI) fell 24 points, or 0.31%, to close the mid-week session at …