Recommendations

(Photo archive)
27 April 10:47 AM Albilad Capital lowers FV on Mobily to SAR 21
Riyadh – Mubasher: Albilad Capital expects the operational performance of Etihad Etisalat (Mobily) to "improve" in the second quarter of 2017.  The research firm stated some reasons for its anticipation, including demand for telecommunications …
Traders at Boursa Kuwait (Photo Credit: Arabianeye-Reuters)
27 April 07:43 AM GCC blue chips likely to attract investments
By: Mahmoud Gamal Mubasher: The Gulf stock markets are expected to see a sideways-to-bullish performance on Thursday as most stocks technically reached attractive price levels, analysts told Mubasher. Most investors tended to trade on blue chip …
Traders at Boursa Kuwait (Photo Credit: Arabianeye-Reuters)
26 April 07:57 AM Gulf bourses likely to hold ground Wednesday
By: Mahmoud Gamal Mubasher: The Gulf stock markets are expected to try to hold at their current levels on Wednesday despite lower-than-expected quarterly financials of some companies, in line with the rise of global stocks to record highs, …
(Photo credit: Arabianeye - Reuters)
25 April 10:28 AM Aljazira Capital maintains 'Neutral' recommendation on Qassim Cement
Riyadh – Mubasher: Aljazira Capital expected that Qassim Cement's profits would fall 27.1% year-on-year to SAR 298.6 million in 2017, with an earning per share (EPS) of SAR 3.33. We expect the company to continue selling at a discount for the year …
(Photo credit: Arabianeye-Reuters)
25 April 08:04 AM Late blue-chip financials disclosures delays GCC market recovery – Analysts
By: Mahmoud Gamal Dubai – Mubasher: The ongoing state of anticipation seen in GCC bourses is likely to continue on Tuesday as investors fear a delay in first quarter financial disclosures, analysts told Mubasher. On Monday, GCC stock markets saw …
Traders at Boursa Kuwait (Photo Credit: Arabianeye-Reuters)
24 April 07:35 AM Oil prices to affect Gulf stocks – Analysts
By: Mahmoud Gamal Mubasher: Investors in the Gulf stock markets are anxious over the trend of oil prices, although the Saudi Stock Exchange (Tadawul) restored its active trading amid the Kingdom restored financial allowances. Most markets saw a …
(Photo archive)
23 April 01:05 PM NCBC sets Fawaz Alhokair PT at SAR 37.7
Riyadh – Mubasher: NCB Capital said that Fawaz Abdulaziz Alhokair’s first-quarter results beat estimates. The company achieved profits of SAR 79.4 million, which came higher than the investment firm’s expectations of SAR 54.9 million and consensus …
(Photo archive)
20 April 01:38 PM Bank Albilad’s 2017 earnings to rise 6% - Aljazira Capital
Riyadh – Mubasher: Aljazira Capital expects that Bank Albilad would achieve a net profit of SAR 855 million in 2017, with a 5.77% increase year-on-year. “Albilad’s strong topline performance and higher operating income resulted from solid loans …
(Photo Credit: Arabianeye-Reuters)
20 April 12:11 PM NCB Capital sets Qassim Cement PT at SAR 60
Riyadh – Mubasher: NCB Capital set the price target (PT) of Qassim Cement at SAR 59.7, with a "neutral" recommendation. The research firm noted that the cement company’s results for the first quarter of the year came below its estimates of SAR …
(Photo Credit: Arabianeye-Reuters)
20 April 11:23 AM Al Rajhi Capital keeps Arabian Cement PT at SAR 36
Riyadh – Mubasher: Al Rajhi Capital expected that Arabian Cement would distribute cash dividends for 2017 at SAR 2.75, implying a dividend yield of 7.2% at the current price level. The company paid SAR 4 per share for 2016 compared to SAR 4.5 per …
Traders at Boursa Kuwait (Photo Credit: Arabianeye-Reuters)
20 April 07:57 AM GCC exchanges likely see important resistance - Analysts
By: Mahmoud Gamal Mubasher: The GCC stock markets will test important resistance levels on Thursday and next week, amid the economic changes the region is witnessing, Mohamed Radwan, a member of the International Federation of Technical Analysts …
(Photo Credit: Arabianeye-Reuters)
18 April 08:06 AM Long-term investors return to GCC markets; KSA at forefront - Analysts
By: Mahmoud Gamal Mubasher: Long-term investors have resumed purchasing leading stocks in Gulf stock markets as stock prices reached attractive levels, analysts told Mubasher, expecting further jittery-to-rising performance. The Saudi Stock …
Photo Credit: Arabianeye-Reuters
17 April 07:44 AM Geopolitics lead to selling blue chips at GCC markets – Analysts
By: Mahmoud Gamal Mubasher: Foreign investors are increasingly selling leading stocks in Gulf stock markets in line with the anticipation for the first quarter’s financial statements and the current geopolitical tension, analysts told Mubasher. …
(Photo credit: Arabianeye-Reuters)
13 April 08:07 AM GCC market performance bound by Q1 results, oil – Analysts
By: Mahmoud Gamal Mubasher: Gulf bourses are expected to continue their fluctuating-to-rising performance on Thursday and throughout the remaining trading sessions in April amid anticipation for companies' first-quarter financial results and oil …
(Photo Credit: Arabianeye-Reuters)
12 April 03:37 PM TASI sees 2nd record high in April, nears 7,100 pts
By: Thabet Shehata Riyadh – Mubasher: The benchmark index of the Saudi Stock Exchange (Tadawul) ended Wednesday's session in the green, backed by its leading sectors amid improved liquidity levels compared to previous sessions. The Tadawul All …
Traders at Boursa Kuwait (Photo Credit: Arabianeye-Reuters)
12 April 07:49 AM GCC stocks likely see sales amid political risks
By: Mahmoud Gamal Mubasher: The GCC stock markets are expected to see wide sales of blue chips by institutional investors, amid increased tensions over Syria, analysts told Mubasher. Most Gulf bourses are expected to continue their …
Traders at Abu Dhabi's bourse (Photo Credit: Arabianeye-Reuters)
11 April 07:45 AM GCC bourses likely to test important resistances
By: Mahmoud Gamal Mubasher: The Gulf stock markets are expected to see important resistance levels on Tuesday and throughout the rest of this week, amid the reluctance of institutional investors to participate in trading due to geopolitical risks, …
(Photo Credit: Arabianeye-Reuters)
10 April 11:31 AM KSA telecom sector sees ‘intense competition’ in Q1-17 – Riyad Capital
Riyadh – Mubasher: The first quarter of the year saw an intense competition among the three Saudi telecom operators to regain market share, ever since the disconnection of SIMs on the back of biometric verification, according to Riyad Capital. The …
Traders at Boursa Kuwait (Photo Credit: Arabianeye- Reuters)
10 April 07:38 AM Gulf exchanges likely to see fluctuations
By: Mahmoud Gamal Mubasher: The Gulf stock markets are expected to see further fluctuations on Monday, in line with anticipations for the trend of oil prices and stock markets, analysts told Mubasher. Investors’ anxiety is increasing as the global …
(Photo Credit: Arabianeye-Reuters)
9 April 08:03 AM GCC traders to remain cautious after geopolitical events – Analysts
By: Mahmoud Gamal Mubasher: Caution is likely to be a dominant feature across GCC bourses on Sunday, following mixed performance in global markets after the US' airstrikes on Syria, analysts told Mubasher. Early Friday, the US targeted a Syrian …
Photo Credit: Arabianeye-Reuters
7 April 05:09 PM Swedish currency, market fall on truck attack
Mubasher: The local currency and stock market of Sweden fell on Friday; a truck crashed into a crowd, causing the death of three people at least. News reports said that a vehicle crashed into a department store in central Stockholm. OMXS30, the …
(Photo Credit: Arabianeye-Reuters)
6 April 11:22 AM KSA banks to see ‘weak’ profits in Q1-17 – Al Rajhi Capital
Riyadh – Mubasher: Al Rajhi Capital expected that the consolidated earnings of the Saudi banking sector would see “some weakness” in the first quarter of the year. The investment firm attributed this decrease to risk of higher provisions as well …
(Photo Credit: Company website)
6 April 10:59 AM Al Rajhi Capital sets eXtra TP at SAR 36/shr
Riyadh – Mubasher: Al Rajhi Capital set the target price (TP) of United Electronics Company (eXtra) at SAR 36, with a "Neutral" recommendation. The research firm noted that eXtra’s results in the first quarter of the year came in-line with its …
Traders at Boursa Kuwait (Photo Credit: Arabianeye-Reuters)
6 April 07:59 AM Traders invest in GCC blue chips – Analysts
By: Mahmoud Gamal Mubasher: Long-term investors in GCC stock markets are buying blue chips again, which stand at technically attractive levels, analysts told Mubasher. Most Gulf bourses are expected to maintain their sideways-to-bearish …
Photo Credit: Arabianeye-Reuters
5 April 06:03 PM NCBC sets eXtra TP at SAR 26.3/shr
Riyadh - Mubasher: NCB Capital (NCBC) has set the target price (TP) of United Electronics Company (eXtra) at SAR 26.3, with a "Neutral" recommendation. eXtra reported a better than expected set of results in the first quarter of 2017, with a net …