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20 June 10:11 AM

News Analysis

TASI decreased by 64.17 points
19 June 05:05 PM Saudi indices end Wednesday with negative performance
Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) benchmark Tadawul All-Share Index (TASI) closed Wednesday’s trading session with negative performance. TASI decreased by 64.17 points, or 71%, to finish the session at 8,936.26 points. TASI’s …
Trading Activities
2018 was a positive year for listed banks in Saudi Arabia
19 June 01:18 PM Saudi banks to extend growth while embracing digital agenda – KPMG
Riyadh – Mubasher: Banks operating in Saudi Arabia will continue to grow over the coming period after posting a solid performance last year, KPMG said in a report on Wednesday. The report, entitled “Embracing Digital”, tackled listed commercial …
Sector Reports
The Saudi inflation rate retreated to 105.7 points in May
19 June 12:26 PM Saudi inflation falls 1.5% in May – GASTAT
Riyadh – Mubasher: Saudi Arabia’s consumer price index (CPI), which is known as inflation, declined by 1.5% year-on-year in May, according to data released by the General Authority for Statistics (GASTAT). The Saudi inflation rate retreated to …
Saudi Arabia’s trade surplus with Japan has declined to $2.09 billion in May
19 June 12:04 PM Saudi Arabia’s trade surplus with Japan hits $2.1bn in May
Riyadh – Mubasher: Saudi Arabia’s trade surplus with Japan has declined to $2.09 billion (SAR 7.856 billion) in May, compared to $2.484 billion (SAR 9.315 billion) in the same month a year earlier. The kingdom’s exports to Japan recorded …
Sector Reports
The transportation sector topped the losers and fell 0.5%
19 June 11:17 AM TASI falls, Nomu unchanged early Wednesday
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) opened Wednesday’s trading session in red territory. By 10:44 am KSA time, the main Tadawul All-Share Index (TASI) inched down 0.08%, or 7.17 points, to 8,993.26 points. TASI’s traded volume …
Stock Evaluations
Saudi exports to Arab countries increased by 4.98%
18 June 09:16 PM Saudi-Arab bilateral trade reaches $9.86bn in Q1
By: El Sayed Gamal Riyadh – Mubasher: Trade exchange between Saudi Arabia and the Arab world grew 1.05% year-on-year to SAR 36.997 billion ($9.866 billion) in Q1-19. Saudi exports to Arab countries increased by 4.98% year-on-year to SAR 18.84 …
Macroeconomics
The utilities sector topped the risers adding 1.23%
18 June 05:01 PM TASI up, Nomu down late Tuesday
Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) benchmark Tadawul All-Share Index (TASI) closed Tuesday’s trading session with a positive performance for the second session in a raw. TASI inched up by 24.80 points, or 0.28%, to finish the …
Trading Activities
The decision will come into force starting from Tuesday
18 June 11:10 AM Tadawul suspends trading on Thimar shares
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has suspended trading on shares of the National Agricultural Marketing Company (Thimar) on the back of not announcing the financials of the first quarter of 2019. The decision will come into …
Markets Regulations
Tadawul has delisted Alawwal Bank Shares on the back of merger with SABB
18 June 09:57 AM Tadawul delists Alawwal Bank shares after merger with SABB
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Tuesday announced that it has delisted Alawwal Bank shares on the back of merger with the Saudi British Bank (SABB), according to Tadawul’s statement. On Sunday, SABB and Alawwal Bank …
Amana Cooperative Insurance advanced the winners with 6.31%
17 June 04:58 PM TASI closes Monday in green amid higher liquidity
Riyadh – Mubasher: The benchmark Tadawul All Share Index (TASI) of the Saudi Stock Exchange (Tadawul) closed Monday’s trading session 1% or 88.79 points higher at 8,975.63 points. The turnover leaped to SAR 5.56 billion on Monday from SAR 3 …
Stock Evaluations
The UAE has topped the Arab World by attracting $10.4 billion FDI in 2018
17 June 10:15 AM UAE tops Arab World with $10.4bn FDI in 2018
UAE – Mubasher: According to the United Nations Conference on Trade and Development’s (UNCTAD) World Investment Report 2019, the UAE was ranked as the 27th globally in terms of attracting foreign direct investment (FDI) in 2018, the UAE’s Ministry …
Macroeconomics
Tadawul registered a decline in turnover to SAR 3 billion
16 June 04:29 PM Tadawul closes Sunday in red; NOMU adds 0.55%
Riyadh – Mubasher: The benchmark Tadawul All Share Index (TASI) of the Saudi Stock Exchange (Tadawul) closed Sunday’s session 0.61% or 54.7 points lower at 8,886.84 points. The banking sector led the decliners with 1.44%, while the …
Stock Evaluations
Saudi Arabia’s total exports levelled to SAR 86.96 billion in April
16 June 01:51 PM Saudi trade surplus grows 12.3% in April – GatSat
Riyadh – Mubasher: Saudi Arabia’s trade surplus registered an increase of 12.3%, or SAR 5.23 billion, in April compared to the same month in 2018. The Kingdom’s trade surplus grew to SAR 47.65 billion in the fourth month of 2019, up from SAR 42.42 …
Macroeconomics
The Closing Auction session will start from 03:00 pm
16 June 11:26 AM Tadawul extends closing auction session, trade for 20 minutes
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) will extend the Closing Auction session for a total duration of 20 minutes instead of 10 minutes on 20 June. Accordingly, the Closing Auction session will start from 03:00 pm Saudi time to …
Markets Regulations
Alawwal Bank did not receive any objections from creditors during this period
16 June 10:45 AM SABB, Alawwal Bank complete merger after expiry of creditor objection period
Riyadh – Mubasher: The Saudi British Bank (SABB) and Alawwal Bank announced the effectiveness of their merger after the expiry of the creditor objection period on 15 June. Alawwal Bank noted that the bank did not receive any objections from …
Banking and Finance
The telecom sector grew 8.39%
14 June 05:19 PM TASI gains 425 pts in week
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended in the green territory in a week, recording its highest weekly gain in 44 months. Tadawul All Share Index (TASI) added 425 points, or 4.99%, to 8,941.54 points over the week. All sectors …
Trading Activities
TASI plunged by 143.21 points late Thursday
13 June 05:11 PM TASI, Nomu end Thursday in red
Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) benchmark Tadawul All-Share Index (TASI) closed Thursday’s trading session with negative performance, pressured by the recent attacks in the Gulf of Oman. Earlier Thursday, two …
Trading Activities
Maaden’s revenue is expected to surge to SAR 18 billion
13 June 03:17 PM Al Rajihi Capital levels down Maaden’s TP
Riyadh – Mubasher: Al Rajihi Capital has set the target price (TP) of Saudi Arabian Mining Company’s (Maaden) stock at SAR 45, 13.5% down from a current price of SAR 52, with 'Underweight' recommendation. The research company expected an 81.7% …
Trading Activities
The media sector topped the decliners falling 1.3%
13 June 11:07 AM Saudi market loses 97 pts early Thursday
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) opened Thursday’s trading session with negative performance. By 10:38 am KSA time, the main Tadawul All-Share Index (TASI) fell 1.07%, or 97.09 points, to 8,987.66 points. TASI’s traded volume …
Stock Evaluations
The banking sector added 1.42%
12 June 04:29 PM TASI gains over 95 pts at Wednesday’s close
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended in green territory on Wednesday. The Tadawul All-Share Index (TASI) grew 95.03 points, or 1.06%, to close at 9,084.75 points. Tadawul’s trading volume reached 184.87 million shares, while …
Stock Evaluations
Saudi ports saw around 619,000 handled containers
12 June 12:56 PM Saudi ports see 23m tonnes of handled goods in May
Riyadh – Mubasher: Goods handled in Saudi Arabia’s ports increased by 6.4% year-on-year to 23 million tonnes in May, the Saudi Ports Authority (MAWANI) said in a statement on Wednesday. Saudi ports saw around 619,000 handled containers in the …
Exports rose by 30% year-on-year in Q1-19, recording AED 42 billion
12 June 09:04 AM Dubai’s non-oil foreign trade hits AED 339bn in Q1
UAE – Mubasher: The non-oil foreign trade in the emirate of Dubai valued at AED 339 billion in the first quarter of 2019, up 7% year-on-year from AED 316 billion, state-run agency Emirates News Agency (WAM) reported, citing Dubai customs. Exports …
Macroeconomics
Iraq was Kuwait's main importer
11 June 07:21 PM Kuwait's non-oil exports grow 17% YoY in May
Mubasher: Kuwait's non-oil exports increased by 17% to KWD 9.4 million ($31 million) in May, compared to KWD 8 million ($26.5 million) in the year-ago period. Kuwaiti non-oil exports to Arab countries, excluding the GCC members, reached KWD 4.4 …
Macroeconomics
The telecommunication sector topped the risers adding 3.1%
11 June 04:59 PM Saudi indices end Tuesday on mixed note
Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) benchmark Tadawul All-Share Index (TASI) closed Tuesday’s trading session with a positive performance, near 9,000 points, supported by the growth of most sectors.  TASI rose by 140.51 points, …
Stock Evaluations
The kingdom is currently focusing on developing the entertainment and tourism sectors
11 June 04:35 PM Saudi retail sector to see long-term growth in coming years
Riyadh – Mubasher: Saudi Arabia’s retail sector will see exponential growth over the next year, encouraged by increasing urbanisation trend, favourable demographics and westernised consumption patterns, KPMG Al Fozan & Partners, a leading audit, …
Sector Reports