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This free-of-charge ‘KFHTrade’ service will offer stocks trading
18 October 04:24 PM ‘KFHTrade’ free service to support GCC brokers, investors
Edited By: Ingy ElSafy Mubasher: Kuwait Finance House (KFH) has launched a new service ‘KFHTrade’ in collaboration with KFH Capital for investment Co, according to an official statement by the bank on Thursday. KFHTrade will offer high standards …
Boursa Kuwait has resumed trading on Munshaat stock
18 October 12:33 PM Kuwait’s Munshaat approves settlement with Saudi GAZT
Mubasher: Munshaat Real Estate Projects announced that its board members approved on Wednesday the report proposed by the external advisor regarding distributing the amount realised from the settlement with the Saudi General Authority of Zakat and …
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16 October 06:14 PM Al-Rajhi raises TP for Jarir to SAR 177/shr
Riyadh - Mubasher: Al Rajhi Capital Research has maintained its Neutral recommendation on Jarir Marketing, but raised the company’s stock target price (TP) to SAR 177 per share, from SAR 166. The company’s earnings during the third quarter of the …
The cement producer's sales amounted to 870,000 tonnes in Q4-17
8 February 03:25 PM Yamama Cement sees all-time low profits in Q4 – Report
Riyadh – Mubasher: Yamama Cement Co’s net profit for the fourth quarter of 2017 is the lowest in the company’s history, according to a recent report by NCB Capital on Thursday. The Saudi Arabia-based firm's Q4-17 profits of SAR 16.9 million has …
Al-Rajhi remained Neutral on STC's stock at current prices
29 October 2017 05:09 PM Al Rajhi lowers STC’s target price to SAR 69/shr
Riyadh - Mubasher: Al-Rajhi Capital has slightly lowered the target price (TP) for Saudi Telecom Company (STC) to SAR 69 per share, according to a report issued Sunday. The research firm has also maintained its Neutral recommendation on the stock …
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24 October 2017 07:54 PM Al-Rajhi Capital raises Yansab’s TP to SAR 62.5/shr
Mubasher: Al Rajhi Capital have adjusted the target price (TP) for Yanbu National Petrochemicals (Yansab) to SAR 62.5 per share, according to a recent note published on Tuesday. Yanbu National Petrochemicals’ (Yansab) financial results for the …
Zain and Mobily continue to work on controlling costs
26 September 2017 02:12 PM STC remains defensive pick as telecom earnings drop in Q3 – Report
Riyadh – Mubasher: Al Rajhi Capital on Tuesday said that the Saudi telecommunications sector is likely to witness a drop in earnings for the third quarter of 2017. Factors that lead to this decline include; longer than usual school holidays, …
The research firm also maintained its Neutral rating
8 August 2017 10:49 PM Al Rajhi Capital raises Savola’s TP to SAR40.8/shr
Riyadh - Mubasher: Al Rajhi Capital Research has revised its target price (TP) for Savola Group to SAR 40.8 per share, up from SAR 39.4, and maintained their “Neutral” rating, according to a recent report. “Our target price implies 8.9% downside …
The research company decreased the stock’s target price to SAR 57 per share
6 August 2017 08:39 PM Al Rajhi maintains ‘Neutral’ on Herfy; cuts PT
Riyadh - Mubasher: Al Rajhi Capital has maintaited its “Neutral” rating for Herfy Food, and reduced the stock’s price target (PT) to SAR 57 down from SAR 60.6 per share, according to a recent report. “Our target price implies 6.6% upside from the …
SABIC posted 1.5 million traded shares
30 July 2017 00:20 PM SABIC stock falls on lower Q2 profits
Riyadh – Mubasher: The stock of Saudi Basic Industries Corp (SABIC) on Sunday retreated by 1.26% to reach SAR 98.8, following the disclosure of its financial statements for the second quarter of 2017. By 11:37 am KSA local time, SABIC posted 1.5 …
Mobile incurred a loss of nearly SAR 190 million in Q2-17
25 July 2017 00:51 PM Al Rajhi Capital downgrades Mobily target price
Riyadh – Mubasher: Al Rajhi Capital has downgraded the target price (TP) of Etihad Etisalat Co’s (Mobily) stock to SAR 16.5 per share instead of SAR 18. This downgrade will lead to a decline of 12% in the stock’s current market price, according to …
The transaction included 3 million shares
24 July 2017 03:36 PM Private transaction on Al Marai posts SAR 249m
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Monday registered one private transaction on Al Marai’s stock at a value of SAR 249 million, according to recent data. The transaction included 3 million shares at a value of SAR 83 each. By …
Yansab’s revenues came SAR 200 million lower than Al Rajhi’s estimates
18 July 2017 00:18 PM Al Rajhi Capital overviews Yansab financial results
Riyadh – Mubasher: Al Rajhi Capital said that the financial statements of Yanbu National Petrochemicals (Yansab) in the past two quarters registered a weak performance; however, the company is expected to revive in the current time. The research …
Budget Saudi’s EBITDA margin was pushed to 57.1%
17 July 2017 01:04 PM MubasherTrade Research closes position in Budget Saudi
Mubasher: MubasherTrade Research has closed its position in United International Transportation (Budget Saudi) at SAR 21.31 per share, with a negative return of 20.41%. Budget Saudi followed in the footsteps of similar businesses in the Kingdom as …
The stock edged down 0.6%
16 July 2017 02:13 PM Banque Saudi Fransi stock hits highest level in 2 yrs
Riyadh – Mubasher: The stock of Banque Saudi Fransi on Sunday registered its highest level since 10 September 2015, after reaching SAR 32.6 by 1:58pm KSA time. Meanwhile, the stock edged down 0.6%, with a trading value of SAR 1.7 million. It is …
Sales volume recently decreased due to the continuous slowdown in construction activities and the stiff competition
4 July 2017 02:44 PM Saudi cement companies’ profits to drop in Q2
Riyadh - Mubasher: Six Saudi cement companies are expected to see a decline in their revenues and profits, by 37.1% to 62.8% in the second quarter of 2017, according to a recent report by Al Rajhi Capital. The companies are namely; Arabian …
The stock was traded between the levels SAR 113.40 and SAR 112
4 July 2017 11:33 AM Al Othaim Markets sees SAR 27.55m in private transactions
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) saw two private transactions executed on Abdullah Al Othaim Markets’ stock at a total value of SAR 27.55 million. Around 242,970 shares of Al Othaim were traded at a value of SAR 113.40 per …
The offset losses was turned into retained profits worth SAR 17.578 million
12 June 2017 04:58 PM Gulf Union cuts accumulated losses by 34%
Riyadh – Mubasher: Gulf Union Cooperative Insurance announced offsetting its accumulated losses, which have reached SAR 73.6 million, by 33.5%. Decreasing the accumulated losses was attributed to reducing the company’s capital after obtaining the …