Saudi Arabia’s bourse dropped for a fifth straight session as a further fall in oil prices and weak global markets weighed on shares. Insurance stocks slumped as the financial regulator probed possible market manipulation, according to traders. Bren
The eventual opening of the Saudi stock market to direct investment by foreign institutions will likely boost the regional asset management industry, according to analysts quoted by Reuters. Authorities have been preparing for the opening for seve
The Saudi stock market sustained its downward march during the first couple of hours trading on Wednesday 17th April 2013. The index trading between a range of 80.06 points went 68.60 points below the break even line, reaching at 7,054.85 levels,
Saudi stocks took another dip yesterday, as the Tadawul All-Share Index (TASI) fell further 48.61 points or 0.68 percent to close at 7,096.99. The index slipped (-63 points) into red territory earlier yesterday and plunged to a maximum of 86.7 poin
The Gulf Cooperation Council (GCC) experienced a slow start to the year with two initial public offerings (IPOs) in Q1 2013, a pattern similar to the previous quarter which saw the same number of listings. Although IPO volumes remained flat, total
The Saudi stock market spending the entire session below the break even line trimmed 50.39 points or 0.71 percent during the first couple of hours trading on Tuesday 16th April 2013. The Index trading between a range of 86.70 points reached at 7,
The Saudi Capital Market Authority (CMA) Board has approved Aljazira Takaful Ta’awuni Company’s initial public offering of 10,500,000 shares, representing 30 percent of its share capital. The offer price will be SR10 per share. Subscription period w
The Capital Market Authority (CMA) is launching a scheme this year to diversify the investment tools in the local market as part of its efforts to strengthen the Kingdom's securities and bonds trade. This was stated by CMA Chairman Muhammad Al-Asheikh
The Saudi stock market continued its downward momentum and fell for a third consecutive session yesterday. The Tadawul All-Share Index (TASI), which continued stepping downward throughout the day, ended in the red territory at 7,145.6 points, down mo
The Saudi stock market sustained its downward march during the first couple of hours trading on Monday 15th April 2013. The index trading between a range of 42.00 points went 39.92 points below the break even line, reaching at 7,163.21 levels, pai