Egypt's Talaat Mostafa hit a two-week high on Tuesday ahead of a court ruling on a disputed land purchase, lifting the main index. The measure rose 0.6 percent to 6,030 points. Middle East markets were lackluster, with all benchmarks moving within a 1
The GCC's largest exchange Tadawul closed at 6,216.67 points. Shares of Saudi Arabian Cooperative Insurance Company (SAICO), which hit a 2010-low at SR31.10, continued its rebound and surged 9.91% to SR36.60. Petrochemical giant and market indic
Saudi Arabia’s index fell on Monday as investors booked profits from early-week gains following a slew of downbeat bank earnings. Tadawul All Share Index fell 0.39 percent to 6,216.70 points. Other Gulf markets were mixed, with Oman, Dubai and Egypt
Tadawul, the Saudi bourse, has listed a second exchange trade fund (ETF) from Falcom Financial Services, the Muscat office of the Saudi investment bank announced here this week. Falcom has been working closely with the Saudi regulator and capital m
Saudi stocks took a dip yesterday as investors claimed profits after a two-day surge driven by strong earnings. “The strong second-quarter results from the banks and consumer sector had managed to move the Tadawul up very aggressively in the last two
Saudi Arabia’s index fell yesterday as investors booked profits from early-week gains following a slew of downbeat bank earnings. Other Gulf markets were mixed, with Oman and Dubai declining, while Kuwait and Qatar extended gains. HSBC’s Saudi a
Saudi Arabia is planning 46 more initial public offerings (IPOs) in 2010 but only a small part of them could materialise because of market uncertainty, a key investment company in the Gulf Kingdom has said. The world’s oil powerhouse has so far this
Saudi Arabia's index fell on Monday as investors booked profits from early-week gains following a slew of downbeat bank earnings. Other Middle East markets were mixed, with Oman, Dubai and Egypt declining, while Kuwait and Qatar extended gains. The
The Tadawul All Share Index (Tasi) fell by 0.39% and ended at 6,216.7 points. The insurance sector index (up 1.69%) bucked the trend and topped the Tasi industry segments. Market bellwether Sabic (off 1.38% at SR89.25) took a break from its quick su
Saudi Arabia shares retreated for the first time in three days on concern recent gains are overdone given growth prospects in the region and as companies posted declines in second-quarter profit. The Tadawul All Share Index lost 0.4 percent to 6