Saturday 6 February 2016
 
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saudi stocks

Saudi stock index falls 3pc; Sabic down 8pc

Saudi Arabia's stock market fell sharply in early trade on Tuesday after a 2016 state budget, announced late on Monday, that included spending cuts, rises in fuel, gas feedstock and electricity prices, and tax rises. The index

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Saudi stocks tumble to 35-month low

Saudi Arabia's benchmark index tumbled to a 35-month low on Sunday and Dubai and Egypt's benchmarks hit their lowest closes of 2015 as a renewed slump in oil prices spurred a region-wide sell-off. Saudi's benchmark fel

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Citi, Ashmore approved to buy Saudi stocks directly

US bank Citigroup Inc and emerging markets-focused investment manager Ashmore Group have won permission from the Saudi Arabian regulator to invest directly in the local stock market, industry sources said. The kingdom opened its $

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Saudi sets ownership caps to foreigners

Foreign investors can own no more than 10 per cent of Saudi Arabia's stock market by value, the regulator said on Monday as it announced rules opening the $575 billion bourse to direct foreign investment next month. A single f

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Saudi stocks jump on market opening to foreigners

Saudi Arabia's bourse surged in early trade on Sunday after the regulator said it would open the bourse to direct foreign investment from June 15. The main index rose 3.9 per cent to 9,614 points, breaking minor technical resi

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Saudi stocks 'richly valued but still attractive'

Middle East funds are bullish on Saudi Arabia's stock market despite concern it is getting richly valued, while they think the United Arab Emirates has bottomed out after a volatile few months, a Reuters survey showed. The Sau

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Petchems lift Saudi to 6-year high

Expectations of strong global demand for petrochemicals supported the uptrend in Saudi Arabia's stock market on Wednesday, lifting the bourse to a fresh six-year high, while Dubai builder Arabtec jumped on hopes that a key shareholder would

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MubasherTrade lists its top Saudi stocks

MubasherTrade Research, a unit of leading financial institution Mubasher Financial Services, has launched a list which highlights its top investment ideas across the Saudi market.  The KSA Favourite List comprises 16 equally-

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Saudi stock regulator plans to tighten rules

  The Saudi Capital Market Authority has begun consultations that could change how closing share prices are calculated and how long listed firms can trade with large accumulated losses, part of a dr

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Saudi falls below 7,000; oil drop weighs

  Saudi Arabia's bourse headed for its sixth straight loss, breaking below the psychologically important 7,000 level following a further drop in oil prices.   The kingdom's index slipped 1.3

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