Real economic growth in Saudi Arabia is forecast to grow by 3.8 percent in 2010, as opposed to 0.15 percent in 2009, according to Riyadh-based Jadwa Investment. The merchant bank also stated that it expects the Saudi stock market index (TASI) to grow b
Saudi Arabia will allow its planned exchange-traded funds (ETFs) to include Islamic bond and commodity instruments in addition to Saudi shares, the Saudi stock exchange Tadawul said. The Capital Market Authority will also allow exchange traded funds
Saudi Arabia's stock market underperformed most other bourses in 2009 because of low investor confidence but massive gains so far this year point to a return of confidence, a Saudi investment firm said yesterday. The market was mainly hit by a seve
The Saudi bourse snapped a four-day rally as oil prices dropped on Monday, while other Middle East markets were mixed, with investors booking profit in Dubai bluechips. Market heavyweight Saudi Basic Industries Corp (SABIC) had its biggest drop in six
Saudi Arabia's Tadawul All Share Index (Tasi) dipped by 0.44% to 6,692, with 79 stocks falling and 39 rising. Alinma Bank, the day's most actively traded stock by value and by volume, dropped 0.77% to SR12.95. Basic Chemical Industries had the day's
Saudi Arabia will allow its planned exchange-traded funds to include Islamic bond and commodity instruments in addition to Saudi shares, the Saudi stock exchange Tadawul said. The Capital Market Authority (CMA) will also allow exchange traded funds t
Since the start of the year the Tadawul All-Share Index (TASI) has made steady gains. It has just exceeded its 2009 high and stood at 6,700 on March 20, 62 percent above the five-year low it reached in March 2009. This rally has taken place with low
Saudi Arabia's Tadawul All Share Index (Tasi) rose by 0.33% to 6,722.04, with 74 stocks rising and 44 falling. All industries except Retail, Multi-investment and Hotel & Tourism reported rises. Allianz SF was the day's biggest riser, moving up by 4.
Banking stocks powered the Saudi bourse to a new 17-month high with SABB and Samba Financial Group making the sector's strongest gains. The all-share index closed 0.4 per cent higher at just under 6,700 points, its highest close since October 6, 200
Saudi Arabian shares soared to a 17-month high, led by Samba Financial Group and Riyad Bank, as crude remained above $80 a barrel and investors bet on gains as companies report first-quarter earnings. Samba, the kingdom's second-biggest bank, rose for