Latest news with #SaudiStockMarket
Reuters
25-05-2025
- Business
- Reuters
Saudi Arabia's stock index rises, snapping three-day losing streak
May 20 (Reuters) - Most stock markets in the Gulf settled higher on Tuesday, with Saudi Arabia's benchmark stock index (.TASI), opens new tab snapping three consecutive sessions of decline and the Dubai main share index hitting another record high. Saudi Arabia's stock index rose 0.29%. The country's economic minister Faisal Ali Ibrahim said Saudi Arabia was ready for "multiple oil price scenarios" at the Qatar Economic Forum in Doha. "Fundamentally, the Saudi stock market remains supported by a positive economic outlook, which could lead to potential advances in the medium term, provided oil prices and external factors are favourable," said Hani Abuagla, Senior Market Analyst at XTB MENA. Oil prices - a catalyst for Gulf stocks - steadied on Tuesday amidst uncertainty in U.S.-Iran negotiations and Russia-Ukraine peace talks. Brent futures slipped around 0.4% by 1222 GMT O/R Meanwhile in UAE, Dubai's main share index (.DFMGI), opens new tab finished the day 0.44% lower after three straight sessions of gains. Abuagla attributed the move lower to profit-taking following the third-straight day of the index scaling record highs. Salik Company ( opens new tab, the UAE's toll operator, was the top loser on the index down 2.78%. Abu Dhabi's benchmark index (.FTFADGI), opens new tab closed 0.43% higher after touching its highest level since March last year, boosted by gains in the financial sector. First Abu Dhabi Bank ( opens new tab, the United Arab Emirates' biggest lender, climbed 3.25%. Qatar's benchmark stock index (.QSI), opens new tab rose 0.5% to its highest since December 31, 2023. Qatar's sovereign wealth fund (QIA) is planning to at least double its annual U.S. investments in the next decade, its CEO said on Tuesday. Outside the Gulf, Egypt's blue-chip index (.EGX30), opens new tab settled 0.87% higher, with investment banking firm Beltone Financial ( opens new tab leading gains at 8.05%.
Argaam
20-05-2025
- Business
- Argaam
Saudi stock market boosted regional, global standing in 2024: Elkuwaiz
Mohammed Elkuwaiz, Chairman of the Capital Market Authority (CMA), said the Saudi stock market enhanced its standing both regionally and globally in 2024. He added that the market ranked first among G20 countries in several global indicators, including financial markets, market capitalization, shareholders' equity, and venture capital. Commenting on the CMA's 2024 annual report, Elkuwaiz noted that the market recorded a historic leap in assets under management, surpassing SAR 1 trillion by the end of 2024. Additionally, exchange-traded funds (ETFs) soared 935% compared to 2023, while funds of funds surged 126.5% to more than SAR 10 billion. As for the sukuk and debt instruments market, the Chairman highlighted that the value of issuances leapt 20% to SAR 663.5 billion, with total proceeds of SAR 40.4 billion. This reflects the growing role of the market in financing major national projects. Regarding investor protection, Elkuwaiz pointed out that the compensations awarded as per final rulings of the Committee for Resolution of Securities Disputes exceeded SAR 389 million, an increase of 59% compared to 2023. This coincided with a reduction in the average litigation duration to approximately four months.
Argaam
12-05-2025
- Business
- Argaam
Argaam launches 'Argaam 100' platform for investors, analysts in Saudi market
Argaam is pleased to announce the launch of its new platform" Argaam 100 ' as a valuable addition to the services and products offered under Argaam Plus packages. The platform is designed for investors, analysts, professionals, and those interested in the Saudi stock market. The new platform aims to help investors and analysts access up-to-date and historical analyses, data, and comparisons of stocks listed on the Saudi Exchange (Tadawul) across various sectors. It provides quick and easy access to select financial ratios in more than 20 lists, each featuring the top 100 market players. Accordingly, the platform empowers users to identify suitable investment opportunities at the right time. Will be available for free 1 month The Argaam 100 lists rank companies based on specific financial and analytical data and ratios, such as P/E ratios - one of the key investment methods in the financial markets. Companies are also ranked by dividends and returns on investments. The platform features the top 100 companies with the highest historical cash dividends over different periods, extending up to 20 years. Users can display the historical rankings of companies and compare them with peers. In addition, Argaam 100 ranks companies by dividend yields through share buybacks, reflecting investor confidence in the company's future growth potential. This leads to an increase in capital gains and dividend yields due to a rise in the shares held on buyback processes. Further, the market players are ranked by market cap, net income, total assets, and revenues, with their historical development. The platform provides data and ratios related to corporate leverage, accumulated losses, and top loss-making companies over various periods. Haggag Hassan, Product Director, Argaam, said:"We are proud to launch Argaam 100 platform, which will empower investors and analysts make well-informed investment decisions. Investors can classify various investment opportunities and decide when to invest as the platform stands out by providing in-depth, up-to-date financial data and analyses, allowing users quick and easy access." Hassan added, "At Argaam, we are committed to continuously offering innovative products and services that meet the needs and aspirations of our users and help them achieve their investment goals. Through our new platform, we aim to enhance user experience and provide valuable insights into the Saudi market." Abedraboh Zedan, Head of Financial Data & Statistics Manager, Argaam, said, "Argaam 100 builds on a series of recently launched products, through which we aim to provide a more flexible analytical reading and enable investors to review historical and analytical data from multiple perspectives." "Our team focuses on the accuracy and continuous update of data, ensuring the delivery of professional content that reflects the actual reality of joint-stock companies. This enhances the investor's ability to make decisions based on accurate and reliable data," Zedan elaborated.
