The Saudi stock market showed resilience last week amid high hopes while the rest of the regional bourses lost ground amid perceived lack of confidence and shortage of liquidity. Analysts said barring any sharp decline in oil prices, Saudi stocks wi
Saudi shares surged at the start of the week but fluctuated during the rest of the week for what analysts described as profit-taking moves. The rebound was led by the petrochemical sector apparently after oil prices picked up following their decline to
Saudi and Dubai markets rebounded slightly on Wednesday from the previous day’s sell-off but concerns about the impact of the European debt crisis and falling oil prices dampened investor sentiment. Most other regional fell, with Qatar’s bourse see
Weak buying interest due to declining oil prices dragged Riyadh's Tadawul exchange down by 2.52%, closing at 5,966.02 points. Oil traded lower by around 2 per cent on Tuesday. As a direct impact, the Tadawul petrochemical index posted the largest
Most stock markets in Gulf nations lost value Monday while only Saudi Arabia’s Tadawul bucked the downtrend. Tadawul, the Middle East’s largest stock market in relation to market capitalization, closed 0.55 percent higher at 6,120.52 points. It was
Most Gulf bourses fell on Monday in subdued trading with markets in the United States and Britain closed for a holiday, while Saudi Arabia bucked the trend, buoyed by firmer oil prices. Oil rose above $74 in line with a timid recovery across fin
Most Gulf Arab bourses fell yesterday in subdued trading with markets in the United States and Britain closed for a holiday, while Saudi Arabia bucked the trend, buoyed by firmer oil prices. Oil rose above $74 in line with a timid recovery across
The Saudi Capital Authority's (CMA's) Appeals Committee for Disputes on Securities has ordered a former board member of state-controlled Saudi Telecom Company (STC) to pay over SR7 million in fines for insider trading in 2004. The CMA said in a
Egyptian heavyweight Orascom Telecom (OT) jumped 12 percent on Sunday after it said it expects to know soon the outcome of talks to sell some of its African units to South Africa's MTN. "I think you'll see OT continue to rise in the coming weeks, sai
The GCC stock markets are expected to recover this week amid a good uptrend in crude oil prices during the weekend while the severe impact of the European debt crisis is easing its pressures on global markets. All GCC indices suffered heavy losses la