Kuwait stocks swung higher on Tuesday, stemming the two-day decline. The price index climbed 18.56 pts in choppy trade to 5,564.73 points led by some of the mid and small caps even as the blue chips remained mostly muted. The KSX 15 benchmark rose 2.
Saudi Arabia’s Tadawul All-Share Index pulled back 0.4 percent Wednesday as the petrochemical sector, which had lifted the market higher over the last several days, weakened. Investors booked profits in most oil producers, suggesting the market had
Mohammed Al-Quwaiz, vice chairman of the Saudi Capital Market Authority (CMA), underscored the importance of Sukuk (Islamic bond) and debt instruments for investors as these options enable them to diversify their investments at different levels of r
The petrochemical sector helped carry Saudi Arabia’s stock market to a fresh one-year closing high on Tuesday after crude oil prices hit a 17-month peak. The Tadawul All-Share Index added 0.7 percent to 7,155 points in extremely heavy turnover with
Most stock markets in the Gulf fell on Monday as the mood on global exchanged darkened because of the ‘No’ vote in Italy’s referendum on constitutional reform. Riyadh’s Tadawul All-Share Index fell 0.3 percent to 7,106 points, but it closed 83 poin
Saudi Arabia equities were higher at the close on Sunday, as gains in the Insurance, Cement and Retail sectors propelled shares higher. At the close, the stock benchmark Tadawul All Share Index added 0.52% to hit a new 6-month high valued at 7,1
In line with its strategy to support the development of the Saudi capital market and to meet the best international practices, the Saudi Stock Exchange (Tadawul) plans to apply the Global Industry Classification Standard (GICS) by January 2017.
Most stock markets in the Gulf rose on Sunday as investors cheered a rally in crude oil prices. Brent crude futures ended their best week in at least five years on Friday, settling at $54.46 a barrel following OPEC’s agreement to cut output to prop up
The Sukuk (Islamic instruments) Conference, organized by the Capital Market Authority (CMA) in collaboration with the World Bank, titled “Sukuk Market – Challenges and Opportunities”, will discuss the role of the debt markets in supporting econom
Positive sentiment from October’s international bond sale and a recommencement of payments to contractors by the government, have pushed the gains of Tadawul All-Share Index (TASI) to 2.3 percent so far this year. The index closed 1.34 percent higher