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News Analysis

Saudi General Authority for Statistics (GaStat)
28 March 08:49 PM KSA's GaStat board appoints new president
Riyadh – Mubasher: The board of the Saudi General Authority for Statistics (GaStat), chaired by the acting Minister of Economy and Planning Mohammed bin Abdullah Al Jadaan, has decided to appoint Konrad Pesendorfer as President of the authority. …
TASI rose by 1.9% to close the week at 6,326.92 points
26 March 03:26 PM Tadawul rises for third day in row
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Thursday’s trading in gains for the third consecutive session. The all-share index TASI added 1.9% or 118.27 points and closed at 6,326.92 points. Traded volumes amounted to 146.51 …
Saudi Stock Exchange
26 March 10:56 AM Tadawul reduces working hours
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced a temporary reduction of trading hours for all listed stocks. As of Thursday, 26 March 2020, working hours will be from 10:00 a.m. to 1:00 p.m., according to a statement. The Saudi …
Traded volumes amounted to 330.44 million shares
25 March 07:10 PM Tadawul rises for third day in row
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) recorded gains by the end of Wednesday’s trading, for the third consecutive session. The main index TASI rose by 0.24% or 14.99 points and closed at 6,208.65 points. Traded volumes amounted to …
The turnover registered SAR 4.18 billion on Tuesday
24 March 04:58 PM Tadawul ends Tuesday’s session in green
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Tuesday’s trading session on a rise, backed by the gains of the transportation and materials sectors among others. The Tadawul All-Share Index (TASI) rose by 3.40% or 203.43 points, …
Wafrah will reduce the number of shares to 7.717 million shares
24 March 11:40 AM CMA approves Wafrah's capital cut request
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved the request of Wafrah for Industry & Development Company to cut its capital to SAR 77.17 million from SAR 200 million. Therefore, the company will reduce the number of shares …
Main index retreated below the 6,000 points mark
23 March 06:26 PM Tadawul down 3% at Monday’s close
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) declined for the second consecutive day, as the all-share index TASI lost 2.94% and closed at its lowest level since October 2016 at 5,990.23 points. All the marker sectors ended the session in …
All inbound and outbound passenger flights will be halted for two weeks
23 March 09:48 AM UAE halts passenger flights for 2 weeks
Abu Dhabi – Mubasher: The National Emergency Crisis and Disasters Management Authority (NCEMA) and the General Civil Aviation Authority (GCAA) have announced the suspension of all inbound and outbound passenger flights in the UAE for two …
TASI closed at 6,171.91 points
22 March 06:41 PM Tadawul down 1.5% on Sunday’s close
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) returned to the red zone after three consecutive rises, as the main index TASI lost 1.53% and closed Sunday’s trading session at 6,171.91 points. Traded volumes amounted to 165.16 million …
Buses, trains, and taxis will be suspended for 14 days
20 March 02:34 PM Saudi Arabia halts transportation services on coronavirus fears
Riyadh – Mubasher: Saudi Arabia has suspended the operations of various components across the transportation sector for two weeks, as part of efforts to control the spread of the new coronavirus (COVID-19). The move comes in line with …
Benchmark index maintained gains for the second day after four declines
18 March 06:32 PM Tadawul up 0.8% at Wednesday’s close
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Wednesday’s trading session on a positive note for the second session in a row. The all-share index (TASI) gained 0.78% or 47.8 points and closed at 6,154.85 points. Shaker and Al Baha …
Second phase of implementation will be in June
18 March 11:44 AM Tadawul completes inclusion in FTSE Russell EM index
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced the implementation of the fifth and final tranche inclusion in FTSE Russell as an Emerging Market with an inclusion factor of 25%. This will be carried out over two phases, the first …
Main index closed at 6,107 points
17 March 07:14 PM Tadawul closes Tuesday in green
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Tuesday’s trading session on a rise, after four consecutive declines, as the all-share index (TASI) gained 2.47% or 147.36 points and closed at the level of 6,107.05 points. Traded …
Arab Sea filed for moving from the parallel market to the main market
17 March 06:18 PM Arab Sea turns profitable in 2019; requests moving to Tadawul
Riyadh – Mubasher: Arab Sea Information System Company reported SAR 24.15 million in net profit after zakat and tax for last year, versus losses of SAR 20.34 million for 2018. This was despite a 5.4% decline in revenues to SAR 38.7 million, …
The capital hike will be through the issuance of bonus shares
17 March 06:01 PM CMA approves eXtra’s capital hike request
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved United Electronics Company’s (eXtra) request to increase its capital from SAR 500 million to SAR 600 million. The capital hike will be through the issuance of one bonus share …
Revenues amounted to KWD 14.31 billion in 11M
17 March 02:31 PM Kuwait’s oil revenues down 17% in 11M
Mubasher: Kuwait’s oil revenues decreased by 16.7% on an annual basis during the first 11 months of the fiscal year (FY) 2019/2020, according to recent data by the Ministry of Finance. Revenues for the period amounted to KWD 14.31 billion ($46.46 …
The new directive was made in an effort to contain the outbreak of the coronavirus
17 March 01:41 PM Saudi CMA suspends personal attendance in general meetings
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) decided to temporarily halt personal attendance at general assembly meetings for all companies listed on the Saudi Stock Exchange (Tadawul) until further notice. However, the meetings …
The company reported SAR 870 million profits for last year
17 March 11:56 AM Sulaiman Al Habib Group joins Tadawul
Riyadh – Mubasher: Dr. Sulaiman Al Habib Medical Services Group has officially joined the Saudi Stock Exchange (Tadawul) on Tuesday 17 March 2020. Trading the shares of the medical company began today with a 10% daily price fluctuation limit. …
TASI closed at its lowest level since October 2016
16 March 05:08 PM TASI closes below 6,000 pts for first time in 3.5 years
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) fell on Monday for the fourth consecutive session, reaching its lowest level since October 2016. The Tadawul All Share Index (TASI) dropped by 5.21% or 327.7 points and closed the second day of …
DFM has closed its trading hall
16 March 10:28 AM DFM closes trading hall to contain coronavirus
Dubai – Mubasher: Dubai Financial Market (DFM) has temporarily closed its trading floor and customer affairs counter, starting from Monday and until further notice, as part of precautionary measures to contain the coronavirus (COVID-19) pandemic. …
Kuwaiti government aims to combat the new coronavirus epidemic
15 March 06:06 PM Kuwait orders restaurants not to serve more than five at a time
Mubasher: The Kuwaiti Public Authority for Food and Nutrition (PAFN) has asked restaurants, coffeehouse, bakeries and other food businesses not to serve more than five customers at once. The measurement includes organizing lines with a space of at …
Capital Market Authority
15 March 05:38 PM MaCeen Capital license suspension ends – CMA
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) announced the end of the suspension period of MaCeen Capital Company’s securities business license. The suspension was imposed on 23 October 2018 on acting as a principal or underwriter, …
The benchmark index lost 1.1% at the end of Sunday's trading
15 March 05:07 PM Tadawul closes Sunday in red for third session in row
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) declined by the end of Sunday’s trading for the third consecutive session, as the all-share index (TASI) lost 1.1% and closed at 6,287.36 points. Traded volumes amounted to 211.46 million …
The stock has been assigned with the ‘4013’ symbol
15 March 01:21 PM Tadawul to list Sulaiman Al Habib Group on Tuesday
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced the listing and trading shares of Dr. Sulaiman Al Habib Medical Services Group as of Tuesday 17 March 2020. The stock has been assigned with the ‘4013’ symbol, with a 10% daily price …
ADX has closed its trading halls across the UAE
15 March 12:28 PM ADX closes trading halls amid coronavirus outbreak
UAE – Mubasher: The Abu Dhabi Securities Exchange (ADX) has closed its trading halls across the UAE starting from Sunday until further notice, as part of the precautionary measures taken in the country to face the coronavirus (COVID-19) outbreak. …