Saudi Arabia's bourse is likely to trade in a tight range without fresh catalysts, as uncertainty over global oil prices continues to dampen petrochemical stocks, traders say. "We're not seeing local incentives - a lot of companies are at fair value a
The Capital Market Authority is finalizing a regulatory framework which will allow foreigners to directly own stocks in Saudi Arabia, though the market has no need for liquidity from international investors, says its Chairman Mohammed bin Abdul
The Saudi stock market continued its negative movement, marking another small decline of 0.09 percent yesterday. The Tadawul All-Share Index (TASI) bouncing between green-red within a low range of 22.3 points ended nearly 6.6 points lower to 7,182.48.
Saudi Arabia, home to the biggest Arab bourse, seeks to boost institutional investments in its $390 billion stock market as the top OPEC producer weighs plans to allow foreigners to buy shares directly. While foreign investments are welcome, they’re n
The Saudi stock market recorded mild losses yesterday, as the Tadawul All-Share Index (TASI) closed lower to 7,189.13, shedding 16.62 points or 0.23 percent for the entire day. After falling over 33.8 points during the session it bottomed out at
Saudi stocks showed narrow fluctuations yesterday, as Tadawul index traded in the range of 23.2 points only. Saudi Arabia’s benchmark stock index continuing its sideways movement for most of the session ended red at 7,205.75 points, dropping 8.31 p
Saudi Arabia's benchmark stock index gained to the highest in three weeks after U.S. stocks climbed as U.S. employment picked up more than forecast. Petrochemical companies and banks led the advance. Saudi Basic Industries Corp., the world's large
The Saudi stock market ended yesterday's trading session solidly in the green. The Tadawul All-Share Index (TASI) spending almost entire session above the breakeven line edged higher to 7,214.06, up 38.7 points or 0.54 percent from previous level. It
Saudi stock market continued its positive movement for the second consecutive week, marking another gain of 0.67 percent. The Tadawul All-Share Index (TASI) ended the week in the green at 7,175.36 points, up 47 points, from its previous weekend close a
The total value of shares traded in the Saudi stock market reached SR 144.26 billion last month, increasing by 18.2 percent from April, according to a Tadawul report. It said the value of shares traded by “Individual” was SR 131.08 billion (90.86