petrochemicals

Riyadh – Mubasher: The Saudi stock market, “Tadawul,” ended Monday’s session with a noticeable rise, continuing its gains for the second session in a row, in light of a collective rise in the major sectors, amid a jump in liquidity.

The general market index, TASI, closed up 1.05%, adding 122.44 points to its balance, raising it to the level of 11,813.09 points, reaching its highest levels since July 27, 2023, when it closed at about 11,847.72 points.

Trading values ​​rose to 6.022 billion riyals, compared to 4.6 billion riyals, through 199.21 million shares compared to 173.25 million shares, at the end of yesterday’s session last Sunday.

All sectors closed in green, with the exception of the Real Estate Management and Development sector, which bucked the trend, with a decline of 0.12%.

The banking sector topped the gains of the major sectors, after rising by 1.93%. The performance of the communications sector also increased by 0.98%, the basic materials sector increased by 0.63%, and the performance of the energy sector increased by 0.34%.

In terms of stock performance, gains included 128 stocks, led by “Al-Bilad” stock after rising 5.18%, and the list of losses was limited to 50 stocks led by “Sinnad Holding,” which fell 1.54%.

Saudi Aramco shares registered a trading value of 522.72 million riyals, through 15.87 million shares.

The parallel market witnessed a positive performance, with the (maximum growth) index closing at an increase of about 3.26%, with gains amounting to 762.92 points, which rose to the level of 24,153.82 points.

“Burgerizer” stock topped the gains with an increase of 19%, and “Standard” stock recorded the highest gains after rising 11.57%.

The general market index, TASI, closed yesterday’s session, Sunday, up 0.59%, adding 68.72 points to its balance, bringing it to the level of 11,690.65 points.

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Nominations:

Harvest 2023.. Saudi Arabia borrows $40 billion from local and international debt markets

Harvest 2023..11 billion riyals, the value of 7 new offerings in the Saudi market and positive stock performance

Türkiye exempts Saudi citizens from entry visas for tourism purposes

2023-12-25 13:04:42
#TASI #jumps #highest #levels #months #supported #collective #rise #major #sectors

Doha – Mubasher: The Qatar Stock Exchange rose at the close of trading on Sunday, supported by the growth of 5 sectors.

The general index rose by 1.11% to reach 10,399.77 points, gaining 114.47 points from last Thursday’s level.

Trading grew today, as liquidity rose to 434.96 million riyals, compared to 434.12 million riyals the previous session, and trading volumes reached 157.48 million shares, compared to their level last Thursday of 152.23 million shares, while deals declined to 13.83 thousand deals, compared to 14.95 thousand deals in the session. Previous.

The session supported an increase in 5 sectors, led by communications, by about 1.47%, while the transportation, goods and consumer services sectors declined by 0.67% for the first and 0.04% for the second.

At the level of shares, the price of 32 shares, led by “General”, increased by about 9.88%, while the price of 14 shares, led by “Zad”, declined by 1.55%, while the price of 4 shares remained stable.

“Qamco” stock, which rose 2.09%, led volume activity with 47.28 million shares, while “NBK” issued liquidity at a value of 71.54 million riyals, down 0.25%.

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Nominations:

Al-Faleh profits jump 80% in the first quarter

The exchange rate of the Qatari riyal against Arab and foreign currencies

The White House accuses Iran of involvement in operations against ships in the Red Sea

2023-12-24 10:36:14
#Qatar #Stock #Exchange #rises #close

Muhammad Shaker – Mubasher: The performance of UAE financial market indices varied at the close of trading on Thursday, with the Dubai Financial Market declining, while the Abu Dhabi Securities Market rose, amid expectations of a reduction in US interest rates in 2024.

According to data from the UAE financial markets, the Dubai Financial Market incurred losses amounting to 1.818 billion dirhams, and the Dubai and Abu Dhabi stock exchanges attracted liquidity amounting to 5.708 billion dirhams, distributed over 18,583 thousand transactions.

At the end of today’s trading, the Dubai Financial Market index declined by 0.22 percent to the level of 4005 points, amid transactions of 54.458 million shares worth 154.312 million dirhams.

This came amid a decline in Al Salam Bank shares by 1.04 percent, Union Properties by 0.71 percent, Shuaa Capital by 3.22 percent, and Emirates NBD Bank by 1.74 percent.

The market value of Dubai shares reached 674.745 billion dirhams at the close of trading today, compared to 676.563 billion dirhams at the close of trading on Wednesday, with losses amounting to 1.818 billion dirhams.

On the other hand, the Abu Dhabi Securities Market index rose by 0.12 percent to the level of 9494 points, amid transactions of 181.826 million shares worth 5.554 billion dirhams.

This came amid a rise in shares of Abu Dhabi Commercial Bank by 0.58 percent, ADNOC Logistics by 1.13 percent, ADNOC Drilling by 0.28 percent, and First Abu Dhabi Bank by 0.59 percent.

The market value of Abu Dhabi shares reached 2.836 trillion dirhams at the close of today’s trading, compared to 2.841 trillion dirhams at the close of Wednesday’s trading, with losses amounting to 5 billion dirhams.

Today, Thursday, the Abu Dhabi Securities Market witnessed the execution of large transactions on Al-Alamiah Holding shares worth 4.458 billion dirhams.

According to market data, 44 transactions were executed on 11.159 million shares of Al-Alamiah Holding shares, representing 0.5 percent of the company’s shares.

The performance of UAE financial market indices varied during the period from January to December 15, 2023, with the Dubai Financial Market rising while the Abu Dhabi Securities Market declined, amid the monetary tightening cycle by the Federal Reserve and the escalation of geopolitical events in the Middle East.

Net foreign investments in stocks in the UAE financial markets during the period from January to December 15, 2023 amounted to 1.431 billion dirhams ($389.884 million) as a result of the sale.

According to data from the UAE financial markets, foreign investors carried out purchasing operations in Dubai and Abu Dhabi shares worth 115.766 billion dirhams, compared to sales amounting to 117.197 billion dirhams, with a net sale of 1.431 billion dirhams.

The performance of the UAE financial markets varied at the end of the first ten months of this year (the period extending from January to October 2023), with the Dubai Financial Market rising, while the Abu Dhabi Securities Market declined, coinciding with the continued escalation of the geopolitical situation in the Middle East region.

The net investments of foreigners in stocks in the UAE financial markets during the first 10 months of this year (the period extending from January to October 2023) amounted to 2.229 billion dirhams ($607.167 million) as a result of the sale.

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2023-12-21 12:52:59
#Dubai #shares #lost #billion #dirhams #market #trading #Thursday

Noha Makram – Live – The Bank of Japan maintained its ultra-loose monetary policy on Tuesday, in a widely expected move, with the bank preferring to wait for more evidence that wages and prices will rise enough to justify a shift away from its massive stimulus policy.

The central bank fixed short-term interest rates at -0.1% and 10-year government bond yields at 0%, and also maintained its pledge to enhance stimulus “without hesitation” if necessary.

The Japanese yen fell and Japanese stocks rose following the Central Bank of Japan’s decision to maintain its accommodative policy.

Moreover, there were no changes to the central bank’s accommodative guidance, dashing some traders’ hopes that the Japanese central bank would change its tone to signal a near end to negative interest rates.

Kazuo Ueda, Governor of the Bank of Japan, said that prices and wages appear to be moving in the right direction, with the labor union and major companies indicating the possibility of continuing to rise in wages next year, but he warned that uncertainty still mars the situation.

Ueda added that the possibility of inflation accelerating towards the target is gradually increasing, explaining that he still needs to ensure that the cycle of rising wages continues.

More than 80% of economists in a Reuters poll expected the Japanese Central Bank to end the negative interest rate policy next year, as some consider April to be the most appropriate time to end it, while others see a change in monetary policy in January.

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Nominations:

Global stocks fell amid anticipation of the Japanese central bank meeting

The European Central Bank holds interest rates and lowers its growth expectations

Goldman Sachs adjusts its expectations regarding the US interest rate cut

2023-12-19 11:42:52
#Japanese #central #bank #maintains #negative #interest #rates

Noha Makram – Live – European stocks jumped on Friday, extending the gains of a week that was filled with a range of monetary policy decisions by major central banks.

The Stoxx Europe 600 index rose by 0.5% at midday trading, with mining stocks rising by 2.4% to lead the gains, with the majority of sectors and major stock exchanges trading in positive territory.

The European leading stock index closed yesterday, Thursday, at an increase of 0.9%, after recording its highest levels since January 2022.

On Wednesday, the Federal Reserve Bank announced that interest rates would be fixed in a range between 5.25% and 5.5%, but risk appetite in the markets rose after the US Central Bank revealed that policymakers expect to reduce interest rates at least three times next year.

The Bank of England and the European Central Bank also announced that interest rates would remain unchanged, but the British Central Bank refuted market expectations of a reduction in interest rates by maintaining its strict guidance that monetary policy may remain restrictive for a long period.

While the British Central Bank lowered its expectations for growth and inflation in the euro zone and announced plans to accelerate the reduction of its balance sheet.

US stock futures rose today, Friday, after the Dow Jones Industrial Average hit a new record high, with stocks heading for their best weekly series of gains since 2019.

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Nominations:

US stocks rose at the end of Thursday’s trading

European stocks rose at the end of Thursday’s trading

The European Central Bank holds interest rates and lowers its growth expectations

2023-12-15 11:22:58
#European #stocks #rose #central #bank #decisions

Live: European stock indices declined at the end of Tuesday’s trading session, despite the rise in financial market confidence in the Eurozone economies, with attention turning to the Federal Reserve’s monetary policy meeting.

At the end of trading, the European Stoxx 600 index fell by 0.2% to 472.7 points, with losses in the energy, mining, automotive, utilities and banking sectors.

While the value of the French “CAC” index fell by 0.1% at 7,543 points, the British “FTSE 100” index stabilized at 7,542 points, while the value of the German “DAX” index did not change and ended the session at 16,791 points.

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Nominations:

Saudi Aramco acquires 40% of the largest gas and oil company in Pakistan

The Public Investment Fund announces the establishment of “Dan” for rural and environmental tourism

The Kingdom is first in the G20 and second in the world in terms of the growth of international tourists within 9 months

2023-12-12 17:30:27
#European #stock #indices #declined #Tuesdays #trading