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18 October 07:48 PM TASI registers 1.6% in weekly gains
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) saw a positive performance this week, supported by a group rise by the market’s three main sectors. The Tadawul All Shares Index (TASI) added 1.56% or 117.35 points, as it ended the week’s …
This free-of-charge ‘KFHTrade’ service will offer stocks trading
18 October 04:24 PM ‘KFHTrade’ free service to support GCC brokers, investors
Edited By: Ingy ElSafy Mubasher: Kuwait Finance House (KFH) has launched a new service ‘KFHTrade’ in collaboration with KFH Capital for investment Co, according to an official statement by the bank on Thursday. KFHTrade will offer high standards …
The commercial and professional services sector dropped 1.65%
18 October 04:19 PM TASI ends in red, Nomu jumps 68 pts Thursday
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Thursday in decline after its benchmark Tadawul All Share Index (TASI) fell 9.72 points, or 0.13%, to 7,648.15 points. The bourse’s trading volume reached 114.55 million shares, down …
The Kingdom exported 7.21 million barrels during August
18 October 04:01 PM Saudi oil exports grow 7.5% in August – JODI
Riyadh – Mubasher: Saudi Arabia’s crude oil exports increased by 7.5% year-on-year, or 506,000 barrels per day (bpd), in August, the Joint Organisations Data Initiative’s (JODI) data revealed on Thursday. The Kingdom exported 7.21 million barrels …
Boursa Kuwait has resumed trading on Munshaat stock
18 October 12:33 PM Kuwait’s Munshaat approves settlement with Saudi GAZT
Mubasher: Munshaat Real Estate Projects announced that its board members approved on Wednesday the report proposed by the external advisor regarding distributing the amount realised from the settlement with the Saudi General Authority of Zakat and …
The banking sector levelled down 0.2%
18 October 11:17 AM TASI drops 13 pts, Nomu stable early Thursday
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) started Thursday in the red after its main Tadawul All Share Index (TASI) fell 13.54 points, or 0.18%, to 7,644.33 points. By 10:35 am Saudi time, TASI’s traded volume hit 18.33 million shares …
The ADFD also funded the Al Bashir Hospital and the King Hussein Cancer Centre in Jordan
17 October 05:37 PM Abu Dhabi Fund pledges AED11bn for education, healthcare
Mubasher: The Abu Dhabi Fund for Development (ADFD) has raised approximately AED 11 billion for development projects in both the education and healthcare sectors, Emirates News Agency (WAM) reported. In cooperation with international financial …
The bourse’s trading volume stood at 156.65 million shares on Wednesday
17 October 04:17 PM TASI retreats, Nomu modestly rises at Wednesday’s close
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Wednesday in red territory, after its benchmark Tadawul All Share Index (TASI) tumbled 8.93 points, or 0.12%, to 7,657.84 points. The bourse’s trading volume stood at 156.65 million …
The banking sector fell 0.7%
17 October 11:06 AM TASI rises, Nomu stable at Wednesday’s open
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) opened Wednesday in green territory, after its main Tadawul All Share Index (TASI) levelled up 11.14 points, or 0.15%, to 7,677.94 points. By 10:35 am Saudi time, TASI’s trading volume reached …
MENA region to see 500 new cinemas soon – PwC
16 October 05:06 PM MENA region to see 500 new cinemas soon – PwC
Mubasher: The cinema industry has been gaining major traction lately in the Middle East and North Africa (MENA) region, particularly with the rising entertainment sector in the once-closed-up Saudi Arabia. New research shows that cinema screens …
The telecommunication services sector added 3.76%
16 October 04:37 PM TASI adds 99 pts, Nomu falls at Tuesday’s close
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) finished Tuesday with a positive performance after its main Tadawul All Share Index (TASI) surged 99.23 points, or 1.31%, to 7,666.8 points. TASI’s traded volume reached 286 million shares, up …
Saudi Arabia in dire need of reforming power sector – APICORP
16 October 02:32 PM Saudi Arabia in dire need of reforming power sector – APICORP
Riyadh – Mubasher: Saudi Arabia is currently in dire need of implementing reforms in the power sector to fix the imbalance in demand, the Arab Petroleum Investments Corporation (APICORP) said in a recent report. The Kingdom’s power sector is one …
The media sector went down 5.96%
16 October 11:12 AM Saudi indices open Tuesday in decline
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) started Tuesday in red territory, after its benchmark Tadawul All Share Index (TASI) slumped 148.4 points, or 1.96%, to 7,419.16 points. By 10:40 am Saudi time, TASI’s trading volume reached …
MENA M&A deals surpass $45 billion in 9 months
15 October 07:05 PM MENA M&A deals surpass $45bn in 9M – Report
Mubasher: Merger and acquisition (M&A) transactions in the Middle East and North Africa (MENA) surged 65%, reaching $45.1 billion in the first nine months of 2018, marking an eight-year high, according to a new report. The MENA region’s inbound …
The media sector increased 8.6%
15 October 04:29 PM TASI soars 301 pts, Nomu retreats Monday
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Monday in the green after its benchmark Tadawul All Share Index (TASI) skyrocketed 300.98 points, or 4.1%, to 7,567.57 points, registering its highest growth in 16 months, or since 21 …
The oil-rich Kingdom is able to produce 12 million bpds
15 October 03:06 PM Saudi Arabia to boost oil output in November – Minister
Riyadh – Mubasher: Saudi Arabia on Monday said that it would raise its current 10.7 million barrel-per-day oil production in November,  Energy Minister Khalid al-Falih said. The oil-rich Kingdom is able to produce 12 million bpds, Al-Falih told …
The transportation sector levelled up 2.96%
15 October 11:10 AM Saudi indices open Monday in green
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) started Monday in green territory after its main Tadawul All Share Index (TASI) increased 136.77 points, or 1.9%, to 7,403.36 points. By 10:45 am Saudi time, TASI’s trading volume reached 63.11 …
Net sales of foreign investors amounted to SAR 619.93 million
14 October 06:30 PM Foreign, GCC selloffs reach SAR 724m in week - Tadawul
Riyadh – Mubasher: Net selloff transactions of foreign and GCC investors in the Saudi Stock Exchange (Tadawul) reached SAR 724 million during last week, which ended on 11 October. Net sales of foreign investors amounted to SAR 619.93 million, …
Saudi imports of drug ingredients between January and 20 September 2018 amounted to SAR 14.23 billion,
14 October 06:12 PM Saudi drug imports up 3% in 9M
Riyadh – Mubasher: Saudi Arabia’s imports of medicines and pharmaceutical products went up by 3.1%, or 1,021 tonnes, to 40,069 tonnes in the first nine months of this year. The kingdom’s imports of drug ingredients between January and 20 September …
Only 20% of some of the idled projects were finished
14 October 06:11 PM Disputes delay construction of 510 schools in Saudi Arabia
Riyadh – Mubasher: Disputes between the Saudi Ministry of Education and the contractors have delayed the construction projects of 510 schools at combined investments of SAR 3 billion ($800 million), according to local media reports. Only 20% of …
TASI fell 264.2 points, or 3.51%, to 7,266.59 points,
14 October 03:57 PM TASI tumbles 264 pts, Nomu falls at Sunday’s close
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Sunday’s trading session with a negative performance after, for the fourth session in a row, dragged by the sectors’ massive decline. The benchmark Tadawul All-Share Index (TASI) fell …
The exhibitors are expected to showcase innovative solutions
14 October 01:25 PM AIM Startup 2019 to host over 500 startups, SMEs in Dubai
Dubai - Mubasher: AIM Startup will launch its third edition during the period from 8 to 10 April 2019 at the Dubai World Trade Center in the UAE, according to a recent statement. The global event co-located with Annual Investment Meeting (AIM …
Startup programme Badir contributes SAR 2.1bn to Saudi economy
14 October 12:57 PM Startup programme Badir contributes SAR 2.1bn to Saudi economy
Riyadh – Mubasher: The Badir Program for Technology Incubators and Accelerators has contributed around SAR 2.1 billion ($560 million) to the Saudi economy on a cumulative basis between 2010 until the end of 2018, Badir CEO revealed on Sunday, …
TASI deepened its losses during Sunday’s early trade after falling as much as 450 points.
14 October 11:50 AM TASI tumbles 957 pts in 10 sessions
Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) benchmark index lost 957.8 points over 10 sessions since the beginning of October. The Tadawul All-Share Index (TASI) deepened its losses during Sunday’s early trade after falling as much as …
The food retailing sector topped TASI’s losers falling 5.5%
14 October 11:34 AM Saudi indices open Sunday down
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) started Sunday’s trading session in negative territory, after its main Tadawul All Share Index (TASI) plunged 294.65 points, or 3.9%, to 7,236.15 points. By 10:43 am Saudi time, TASI’s trading …