News Analysis

The telecommunication services sector added 1.9%
21 June 04:47 PM Saudi indices end Thursday mixed
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Thursday's trading session on mixed performance after its benchmark Tadawul All Share Index (TASI) jumped 40.10 points, or 0.49%, to 8,206.40 points, while the NOMU parallel market index …
Tadawul is forecast to represent approximately 2.6% of the MSCI EM index after classification
21 June 03:16 PM Saudi Tadawul to lure $14bn inflows after MSCI EM inclusion – Report
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) is forecast to represent approximately 2.6% of the MSCI emerging markets (EM) index after the global index compiler has upgraded the region’s biggest bourse to EM status, Renaissance Capital …
The healthcare sector dropped1.2%
21 June 11:17 AM TASI falls, Nomu stable at Thursday’s open
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has started Thursday's trading session in red territory after its main Tadawul All Share Index (TASI) fell 8.15 points, or 0.1%, to 8,158.15 points despite the bourse's inclusion in the MSCI …
The upgrade will improve the Saudi capital market by increasing investments
21 June 10:18 AM Tadawul's MSCI EM inclusion attracts investment, spurs private sector – Minister
Riyadh – Mubasher: The Saudi Stock Exchange's (Tadawul) inclusion in the MSCI Emerging Markets (EM) Index will boost liquidity in the bourse and highlights Tadawul's efforts to be in line with global best practices, commerce and investment …
Saudi, Argentina bourses to see large investments after MSCI upgrade
20 June 04:41 PM Saudi, Argentina bourses to see large investments after MSCI upgrade
Riyadh - Mubasher: Saudi Arabia’s and Argentina’s stock exchanges are forecast to expand their assets by more than a combined $600 billion on the back of the widely-anticipated decision by the MSCI to promote both to emerging markets (EM) status. …
TASI’s traded volume declined to 80.32 million shares on Wednesday
20 June 04:17 PM Saudi indices close Wednesday in decline
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) ended Wednesday's trading session down after its benchmark Tadawul All Share Index (TASI) retreated 104.16 points, or 1.26%, to 8,166.3 points, touching its lowest level in June, and the NOMU …
The US topped the list with more than 5 million millionaires in 2017
20 June 01:08 PM Kuwait has 174,000 millionaires in 2017 – Report
Mubasher: Kuwait was ranked the 17th worldwide in terms of the world’s wealthiest countries in 2017, according to the recent World Wealth Report 2018, as reported by Alrai Newspaper. The report said that Kuwait had about 174,000 millionaires in …
The healthcare sector fell 0.78%
20 June 11:01 AM TASI drops, Nomu stable in 1st session after Eid al-Fitr
Riyadh – Mubasher: The Saudi Stock Exchange’s Tadawul All Share Index (TASI) started Wednesday, the first session after Eid al-Fitr holiday, in the red after dropping 5.08 points, or 0.06%, to 8,265.38 points by 10:30 am KSA time. TASI’s trading …
Africa is an exciting market because
18 June 04:22 PM Swiss-Belhotel mulls expansion in Africa by 2021
Mubasher: Swiss-Belhotel International is currently considering an expansion plan for Africa by the year 2021, according to an official statement. “Our goal is to have five hotels in Africa by 2021. We recently signed a management agreement with …
Four EGX-listed firms among Forbes’ 100 most Powerful Arab companies in 2018
18 June 04:04 PM Four EGX-listed firms among Arab world's 100 most powerful
By: Heba El Kordy Cairo – Mubasher: Four companies listed on the Egyptian Exchange (EGX) were listed among Forbes Magazine’s 100 most powerful companies in the Arab world. The Commercial International Bank (CIB) came in the 38th spot on the list …
Saudi crude oil exports pass 7.3 bpd in April – JODI
18 June 03:55 PM Saudi crude oil exports pass 7.3m bpd in April – JODI
Riyadh – Mubasher: Saudi crude oil exports increased by 190,000 barrels per day (bpd) in April, compared to March. The kingdom’s exports of crude oil rose to 7.31 million bpd in fourth month of 2018, registering their highest level in 15 months, …
Saudi stocks not strong enough to make EM ranking – Mark Mobius
14 June 06:38 PM Saudi stocks not strong enough to make EM ranking – Mark Mobius
Riyadh – Mubasher: A prominent emerging market (EM) investor said he believes that Saudi stocks have not been performing well lately and therefore the market is unfit to be ranked as an EM. “We are not necessarily bullish on Saudi stocks, simply …
TASI dropped 74 points to 8,270.46 points in the week ended 12 June
13 June 03:34 PM TASI sheds 74 pts in week ahead of Eid holiday
Riyadh – Mubasher: The Saudi Stock Exchange’s Tadawul All Share Index (TASI) closed in the red during the week ended on Tuesday, 12 June after dropping 73.9 points, or 0.89%, reaching 8,270.46 points. TASI’s trading volume tumbled 58% to 329.4 …
Saudi indices end Tuesday with positive performance
12 June 04:24 PM Saudi indices end Tuesday with positive performance
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) finished Tuesday in the green after its benchmark Tadawul All Share Index (TASI) jumped 26.49 points, or 0.32%, to 8,270.46 points. TASI’s trading volume stood at 100.34 million shares on …
Saudi Arabia’s oil production inclined by 85,500 bpd
12 June 03:13 PM Kuwait’s oil output declines in May – OPEC
Mubasher: The oil production registered by Kuwait decreased by 5,700 barrels per day (bpd) in May, according to the monthly report by OPEC on Tuesday. Kuwait’s oil output decreased to total 2.701 million bpd in May compared to 2.707 million bpd in …
Saudi oil output exceeds 10m bpd in May
12 June 01:52 PM Saudi oil output exceeds 10m bpd in May
Riyadh – Mubasher: Saudi Arabia told the Organization of the Petroleum Exporting Countries (OPEC) that it had raised its oil production a little more than 10 million barrels per day (bpd) in the previous month, an informed source stated. The …
Subscribers reached 42 million by the end of Q1-18
12 June 01:04 PM Saudi mobile subscribers hit 42m in Q1 – CITC
Riyadh – Mubasher: Number of subscribers in mobile telecommunication services in Saudi Arabia rose 4.5% in the first quarter of 2018, compared to Q4-17, Communications and Information Technology Commission (CITC) said. Subscribers reached 42 …
The consumer durables and apparel sector rose 0.46%
12 June 11:29 AM Saudi indices start Tuesday in green
Riyadh – Mubasher: The Saudi Stock Exchange’s Tadawul All Share Index (TASI) inched up 1.94 points, or 0.02%, to 8,245.91 points on Tuesday by 10:57 am KSA time. TASI’s trading volume hit 13.79 million shares at a turnover of SAR 283.59 million …
Global firms plan to pump investments in Saudi soon– British Official
11 June 04:34 PM Global firms to pump investments in Saudi soon –British official
Riyadh – Mubasher: The Saudi economy is expected to see major improvement in the coming period through attracting large foreign investments after its government implemented several economic reforms, head of strategy and emerging markets at …
Saudi indices end Monday on mixed note
11 June 04:03 PM Saudi indices end Monday on mixed note
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Monday down after its benchmark Tadawul All Share Index (TASI) retreated 35.54 points, or 0.42%و to 8,243.97 points. TASI’s trading volume stood at 111.81 million shares on Monday, down …
Saudi tops world in food waste – Ministry report
11 June 03:34 PM Saudi tops world in food waste – Ministry report
Riyadh – Mubasher: Saudi Arabia ranked first globally in terms of food waste, a report by the country’s Ministry of Environment, Water, and Agriculture (MEWA) showed. The volume of waste food by the kingdom’s citizens is estimated at about 250 …
The consumer durables and apparel sector inched down 0.9%
11 June 11:07 AM TASI opens in red, Nomu stable early Monday
Riyadh – Mubasher: The Saudi Stock Exchange’s Tadawul All Share Index (TASI) fell 5.18 points, or 0.06%, to 8,273.33 points on Monday by 10:37 am KSA time. TASI’s trading volume reached 11.87 million shares, at a turnover of SAR 259.29 million …
The media sector shed 2%
10 June 04:45 PM TASI marks 3rd successive loss; Nomu sheds 27 pts Sunday
Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) All Shares Index (TASI) lost 65.88 points, or 0.8%, to close at 8,278. 51 points on Sunday, recording its third successive decline. TASI’s trading volume reached 117.2 million shares, while …
TASI opens Sunday down; NOMU unchanged
10 June 11:36 AM TASI opens Sunday down; NOMU unchanged
Riyadh – Mubasher: The Saudi Stock Exchange’s (Tadawul) benchmark index opened Sunday lower after 18 sectors traded in the red, whereas the NOMU parallel market index remained unchanged from Thursday’s close. By 10: 51 am Saudi time, the Tadawul …
Saudi Arabia ranked the 51st among 57 states covered by the index
10 June 11:14 AM Saudi real estate market sees negative performance in Q1 – Report
Riyadh – Mubasher: Saudi Arabia’s real estate market saw a negative performance in the first quarter of 2018, after the kingdom’s property prices come among the world’s worst performing, according to Knight Frank’s recent report. Knight Frank's …