News Analysis

TASI, Nomu end week in green

14 February 06:14 PM TASI, Nomu end week in green

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) finished the week ended Thursday, 14 February with a positive performance after the main Tadawul All Share Index (TASI) grew 13.4 points, or 0.16%, reaching 8,626.28 points from 8,612.84 points …

Trading Activities

The food and beverages sector inched up 0.98%

14 February 05:47 PM TASI, MT30 rise; Nomu declines at Thursday’s close

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Thursday in the green after its benchmark Tadawul All Share Index (TASI) rose 9.06 points, or 0.1%, to 8,628.28 points. TASI’s trading volume fell to 92.5 million shares, from 104.58 …

Trading Activities

The telecommunication services sector grew 0.4%

14 February 11:24 AM TASI, MT30 rise; Nomu drops 139 pts early Thursday

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) opened Thursday in the green after its main Tadawul All Share Index (TASI) rose 12.4 points, or 0.14%, to 8,629.6 points. By 10:40 am Saudi time, TASI’s trading volume hit 17.4 million shares …

Trading Activities

The total value of distributed cash dividend amounted to SAR 44.69 million

13 February 05:14 PM AlAhli REIT Fund1 reveals 3.2% cash dividend for H2-18

Riyadh – Mubasher: NCB Capital announced the cash distributions to the unitholders of AlAhli real estate investment traded fund 1 (AlAhli REIT Fund1) for the six-month period ended 31 December 2018 at SAR 0.325 per unit, representing 3.2% of the …

The telecommunications sector led gainers after adding 1.4%

13 February 04:17 PM Saudi indices finish Wednesday in green for 2nd straight session

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Wednesday in green territory for the second successive session after its benchmark Tadawul All-Share Index (TASI) rose 16.9 points, or 0.2%, to close at 8,617.2 points. TASI’s traded …

Trading Activities

Active listings had increased by 26% to 5,009 units in 2018

13 February 12:16 PM Dubai Airbnb market grows 69% in 2018

Mubasher: Revenues for properties listed on Airbnb in Dubai registered a surge of 69% in 2018 when compared to 2017, according to the latest report by Chestertons MENA. The online community marketplace recorded a growth of more than $101 …

Al Khodari’s stock tumbled to SAR 6.31

13 February 11:59 AM Al Khodari's stock hits lowest level since listing Wednesday

By: Thabet Shehata Riyadh – Mubasher: The stock of Abdullah Abdul Mohsen Al Khodari Sons Company, listed on the Saudi Stock Exchange (Tadawul), on Wednesday registered its highest loss in around eight years and marked its lowest level since …

Trading Activities

The basic materials sector topped gainers with 0.79%

13 February 11:31 AM Saudi indices start Wednesday in green

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) opened Wednesday with a positive performance after its main Tadawul All-Share Index (TASI) jumped 59 points, or 0.7%, to 8,660.3 points. By 10:40 am Saudi time, TASI’s trading volume reached …

Trading Activities

Jadwa Investments expects Saudi economy to extend growth in 2019

12 February 06:21 PM Saudi economy to extend growth in 2019 – Jadwa Investment

Riyadh – Mubasher: Saudi Arabia's economic growth is expected to reach 2% in 2019 on the back of the kingdom's mega spending budget SAR 1.1 trillion, a new report has said. The kingdom recently approved an SAR 11.5 billion scheme that would help …

Dubai's ATM event is organised by Reed Travel Exhibitions

12 February 05:58 PM Dubai to host 1st ATM Hotel Industry Summit in April 2019

Mubasher: The first Arabian Travel Market (ATM) Hotel Industry Summit will take place in Dubai during the period from 28 April to 1 May, according to a recent press release. It is noteworthy that the annual Arabian Travel Market event in Dubai is …

The food and staples retailing sector topped gainers with 3.14%

12 February 04:01 PM TASI, MT30 level up; Nomu slides 53 pts at Tuesday’s close

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) finished Tuesday’s trading session in the green after its benchmark Tadawul All Share Index (TASI) surged 56.93 points, or 0.67%, to 8,600.32 points. TASI’s traded value increased to SAR 2.59 …

Trading Activities

Al Rajhi Bank’s profits rose 13% to SAR 2.77 billion in Q4-18

12 February 02:21 PM 10 Saudi banks log SAR 45.5bn profit in 2018

By: Thabet Shehata Riyadh – Mubasher: Profits of ten banks out of twelve listed on the Saudi Stock Exchange (Tadawul) jumped 16.3% year-on-year in the fourth quarter of 2018, recording SAR 11.23 billion from SAR 9.66 billion. For the full fiscal …

Financial Results

Saudi Arabia needs oil at $80-$85 pb to balance budget - IMF

12 February 01:47 PM Saudi Arabia needs oil at $80-$85 pb to balance budget - IMF

Mubasher: Saudi Arabia may need oil prices to range between $80 and $85 per barrel (pb) to achieve balance in its budget for2019, a top International Monetary Fund (IMF) official has said. In 2019, the kingdom’s oil prices will be determined …

The real estate investment traded funds (REITs) sector led gainers with 0.68%

12 February 11:06 AM TASI, MT30 level up; Nomu stable early Tuesday

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) opened Tuesday with a positive performance after its main Tadawul All Share Index (TASI) jumped 25.8 points, or 0.3%, to 8,569.2 points. By 10:40 am Saudi time, TASI’s trading volume reached …

Trading Activities

Primary and secondary office locations in Riyadh have dropped by 4% and 7% y-o-y, respectively

11 February 05:20 PM Saudi office rentals down 7% YoY; SME space demand hikes - Report

Riyadh — Mubasaher: Saudi Arabia’s office rentals have seen a year-on-year decline, according to a recent report released by real estate consultancy CBRE. Primary and secondary office locations in the Saudi capital Riyadh have dropped by 4% and …

The consumer services sector led decliners with 2.2%

11 February 04:32 PM Saudi indices finish Monday on negative note

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Monday in red territory for the third successive session after its benchmark Tadawul All-Share Index (TASI) retreated 29.82 points, or 0.35%, to 8,543.39 points. TASI’s traded value rose …

Trading Activities

cement stockpiles increased to 1.12 million tonnes in January

11 February 02:45 PM Sales of Saudi cement firms fall 9% YoY in January - Report

By: Thabet Shehata Riyadh – Mubasher: Sales of Saudi cement companies listed on the Saudi Stock Exchange (Tadawul) retreated 9.3% year-on-year in January to 3.7 million tonnes, from 4.08 million tonnes, according to a monthly report conducted by …

Brokerage House Securities tops Nasdaq Dubai futures market

11 February 02:31 PM Brokerage House Securities tops Nasdaq Dubai futures market

Mubasher: Nasdaq Dubai on Monday said that Brokerage House Securities (BHS) has been the most active broker in trading activities of Saudi futures since the exchange launched on 9 January, with a stake over 90%, excluding liquidity provision. BHS …

Trading Activities

The food and staples retailing sector increased 0.5%

11 February 11:07 AM TASI, Nomu rise; MT30 near stable at Monday’s open

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) inched up in Monday’s early trading activities after its main Tadawul All Share Index (TASI) rose 5.6 points, or 0.06%, to 8,578.78 points. By 10:30 am Saudi time, TASI’s trading volume hit 9.3 …

Trading Activities

Most of the GCC markets saw a downward trend on Sunday

11 February 08:44 AM GCC bourses likely to see mixed trend on FY18 financial results - Analysts

By: Mahmoud Gamal Mubasher: The GCC stock markets are likely to see mixed performance amid investors’ anticipation for further announcements of companies’ financial results. Moreover, results of the MSCI Emerging Markets Index’s review, as well as …

Trading Activities

Saudi Arabia based issuers led the GCC in 2018

10 February 04:27 PM GCC entities issuances decline to $154bn in 2018 – Markaz

Mubasher: Consolidated primary securities issuances of entities such as central banks' local issuances, sovereign and corporate issuances in the Gulf region has decreased by 11.7% in 2018 from the prior year, according to a new report by the …

The food and staples retailing sector led losers with 1.12%

10 February 04:26 PM TASI, MT30 fall; Nomu surges at Sunday’s close

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) closed Sunday in the red after its benchmark Tadawul All Share Index (TASI) retreated 39.63 points, or 0.46%, to 8,573.21 points. TASI’s trading volume reached 91.36 million shares, down from …

Trading Activities

The approval of the fund should never be considered as a recommendation to subscribe to the fund.

10 February 10:52 AM CMA OKs public offers of Samba Sovereign Sukuk Fund, Audi Income Fund

Riyadh – Mubasher: The Capital Market Authority of Saudi Arabia (CMA) on Sunday announced that it has approved the public offer, by Audi Capital Company, of Audi Income Fund. It has also nodded to SAMBA Capital and Investment Management Company’s …

Only six sectors rose including the investments

7 February 06:47 PM TASI adds 53 pts in week, NOMU gains 291 pts

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) saw a positive week, pushed up by the banking and the materials sectors. The Tadawul All-Share Index (TASI) gained 52.89 points, or 0.62%, to reach 8,612.84 points in a week. TASI’s trading …

Trading Activities

The pharmaceuticals sector lost 2.1%

7 February 05:07 PM TASI, MT30 decline; Nomu surges 146 pts at Thursday’s close

Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) finished Thursday in the red after its benchmark Tadawul All Share Index (TASI) slid 20.49 points, or 0.24%, to 8,612.84 points. TASI’s turnover fell to SAR 2.9 billion from SAR 3.34 billion, …

Trading Activities