Saudi Stock Exchange, the Middle East's largest bourse that is planning to go public, reported a 37 per cent drop in 2013 net profit, its first ever financial disclosure showed on Tuesday.
The exchange, commonly known as Tadaw
Saudi Arabia's stock exchange introduced on Sunday a new method for calculating the closing prices of traded shares, to limit excessive speculation and manipulation in the Gulf Arab region's largest stock market.
Turnover on Saudi Arabia's bourse hit a five-year peak on Sunday as money poured in with stocks hitting a new three-and-a-half year high.
The benchmark of the Saudi bourse, the largest in the Arab world, climbed 0.2 per cent to its hig
Saudi Arabia could shortly open its stock exchange to foreign investors, Deutsche Bank's head of Mena equities said, a move which would allow international capital to own shares outright on the Middle East's largest bourse for the first time.
Saudi Integrated Telecom Company (SITC) will list on Saudi Arabia's stock market on June 28, the kingdom's regulator said on Wednesday.
The fixed line provider raised $80 million in an initial public offering (IPO) in May, the first in Sau
Saudi Arabia's stock exchange is in talks with several index providers, including influential index compiler MSCI, to become one of its component, the president of the Saudi Capital Market Authority (CMA) said.
"The kingdom is eligible to
The Saudi share index closed 0.1 per cent lower on Saturday, snapping a four-day rally as losses in the petrochemicals sector weigh on the largest Arab bourse.
The all-share index closed at 6, 714 points and the petrochemical index ended 0
The Saudi index gained 0.9 per cent to close at a seven-week high, lifted by gains in the petrochemical sector after a jump in oil prices. The all-share benchmark closed at 6,623 points, its highest close since February 14.
A Saudi-based contractor has cut its initial public offering's retail tranche due to poor demand, highlighting the need to improve the investment culture and transparency in the Arab world's biggest bourse, analysts said.
Al-Khodari and So
Saudi Arabia's stock exchange will close on September 23 (Wednesday) as part of the kingdom's National Day celebrations to mark the foundation of the Saudi state by King Abdulaziz Al-Saud in 1932, the bourse regulator said.