Gulf stock markets seesawed last week as investors kept a closed watch on the second quarter results, developments in the euro zone and oil prices. The Saudi Stock Exchange fluctuated primarily as a result of volatile oil prices on world markets. The
Saudi Arabia and Oman shares retreated for a second day, leading Gulf markets lower, as an unexpected decline in U.S. home sales raised concern about the stability of the global economic recovery. The Tadawul All Share Index dropped 0.6 percent to
The Saudi Capital Market Authority (CMA), has imposed fines of on three firms for breaching disclosure rules, as it tries to polish the image of an opaque bourse gradually opening up to foreign investors. It brought to 13 the number of companies fin
Lower oil prices and profit taking triggered the Tadawul All Share index (TASI) to fall by 1.35% to 6,363.55 points. Petrochemical shares in particular weighed on the market. Market bellwether Sabic closed at SR91.75 (off 3.42%). Credit Suisse Re
The Saudi regulator, CMA, has imposed fines of up to $27,000 on three firms for breaching disclosure rules. It brought to 13 the number of companies fined for violating disclosure regulations since May 16. Al Baha Investment and Development Co was f
Saudi Arabia approved its second exchange-traded fund this year as the kingdom seeks to expand investment opportunities in the Middle East’s largest bourse. Falcom Financial Services will offer an exchange-traded fund for petrochemical companies on th
Riyadh's market index ended at 6,450.68 points (0.56% higher) s oil prices surged near $79 per barrel. Consequently, energy and petrochemicals led the advance. But investors also booked profits e. g. at Yanbu National Petrochemical Company (down 0.59%
Saudi Arabian stocks declined, erasing an earlier gain to a one-month high, even as some investors expect petrochemical companies and banks to post encouraging second-quarter results. The Saudi Tadawul All Share Index closed less than 0.1 percent l
Saudi Arabia’s stocks declined, erasing an earlier gain to a one-month high, even as some investors expect petrochemical companies and banks to post encouraging second-quarter results. The Saudi Tadawul All Share Index (TASI) dropped 0.01 percent to
Saudi Arabian stocks declined yesterday, erasing an earlier gain to a one-month high, even as some investors expect petrochemical companies and banks to post encouraging second-quarter results. The Saudi Tadawul All Share Index closed less than 0.1%