|Bid||89.70 x 0|
|Ask||90.50 x 0|
|Day's Range||86.80 - 90.50|
|52 Week Range||86.80 - 130.40|
|Beta (3Y Monthly)||0.69|
|PE Ratio (TTM)||18.31|
|Earnings Date||Oct 28, 2019 - Nov 1, 2019|
|Forward Dividend & Yield||4.40 (5.04%)|
|1y Target Est||124.10|
* 163 stocks fall in Saudi, 19 rise * Qatar rises for a fourth day * Financials boost Qatar * Property weighs on Dubai * Egypt's Eastern Co gains on FY dividend By Maqsood Alam Sept 11 (Reuters) - Saudi Arabia's stock market fell to an eight-month low on Wednesday as a slowing economy prompted investors to pull most shares down from lofty valuations. Lenders National Commercial Bank and Al Rajhi Bank shed 2.7% and 1.2% respectively, while petrochemical maker Saudi Basic Industries lost 2.2%. The market had jumped as much as 20% between January and May, led by foreign investors who have been net buyers every month this year as Saudi stocks joined the MSCI and FTSE Russell emerging market indexes.
* Saudi Enaya falls as accumulated losses increase * Arriyadh Development, Leejam drop on trading ex-dividend * Dubai Arabtec surges on potential merger * Egypt's blue-chip index rises after inflation data * Banks strong in Qatar By Shakeel Ahmad Sept 10 (Reuters) - Saudi Arabian stocks dropped sharply on Tuesday as banking and petrochemical shares weakened, while builder Arabtec Holding posted its sharpest single-day rise in two and half years after announcing a potential merger, helping to lift the Dubai index. Al Rajhi Bank dropped 2% and petrochemical maker Saudi Basic Industries shed 2.8%. Saudi Enaya Cooperative Insurance lost 4.9% after its accumulated losses reached 40% of its capital.
* Emirates NBD extends rally on foreign ownership * All but one property shares slide in Dubai * Emaar falls for the third straight session * Financials strong in Egypt By Ateeq Shariff Sept 5 (Reuters) - The Dubai stock market rose on Thursday, mainly helped by its largest lender Emirates NBD, while Egypt rebounded on the back of financials. Dubai's index closed 0.4% up, with Emirates NBD increasing 1.5% and Dubai Islamic Bank, the United Arab Emirates’ largest sharia-compliant lender, adding 0.6%.
* Most Saudi banks fall, Samba plunges to lowest in eight months * Abu Dhabi suffers biggest one-day loss in over two months * Lender COMI boosts Egyptian market By Shakeel Ahmad and Maqsood alam Aug 1 (Reuters) - Major Gulf stock markets fell on Thursday after the U.S. Federal Reserve cut interest rates by 25 basis points but, significantly, signalled the move may not mark the beginning of a long easing cycle. Markets had been looking for the Fed to signal more cuts were coming. Central banks in Saudi Arabia, the United Arab Emirates and Qatar followed the move, cutting their rates by the same degree.
* Egypt ends four days of gains * Kuwait rises for a sixth day * Yansab slides after trading ex-dividend * Property shares strong in Abu Dhabi By Ateeq Shariff July 4 (Reuters) - Egypt's blue-chip index snapped four straight days of gains on Thursday as most of its stocks dropped, while Kuwait rose for the sixth consecutive session after MSCI decided to upgrade Kuwaiti equities to its main emerging markets index. The index was down 0.9% with Egypt Kuwait Holding losing 4.2%.
LONDON/DUBAI, July 2 (Reuters) - Investment banks are scrambling to re-pitch to advise Saudi Aramco on a possible initial public offering, sources familiar with the matter said, with Saudi Arabia's energy minister confirming plans for the listing to proceed in 2020 or 2021. "Bankers previously involved in the IPO are pushing for meetings with Aramco," one of the sources said. JPMorgan, Morgan Stanley and HSBC were picked to play a leading role in the world's biggest ever IPO when the plan was first announced in 2016.
VIENNA, July 2 (Reuters) - Saudi Arabia is working towards listing Saudi Aramco in 2020-21 as the state oil giant moves towards completing its merger with petrochemical firm Saudi Basic Industries Corp, Saudi Energy Minister Khalid al-Falih said on Tuesday. (Reporting by Rania el Gamal; Editing by Dale Hudson)
* 10 of 12 Saudi banks drop * Saudi ends five days of gains * 22 of 23 Dubai stocks slide * Real estate shares lift Egypt By Ateeq Shariff June 13 (Reuters) - The Saudi Arabian stock market snapped a five-day winning streak as attacks on tankers in the Gulf of Oman dampened investor sentiment in the region, while all major Gulf markets also declined. Two oil tankers were attacked in the Gulf of Oman on Thursday, leaving one ablaze and both adrift, shipping firms said, driving oil prices as much as 4% higher over worries about Middle East supplies. Thursday's attacks were the second in a month near the Strait of Hormuz, a major strategic waterway for world oil supplies. The United States and Saudi Arabia blamed Iran for limpet mine attacks in May on four tankers off the coast of the United Arab Emirates, a charge Tehran denies.
Qatar and Saudi Arabia's stock markets rose on Monday, helped by financial companies, while Dubai's was pressured by the real estate sector. Qatar's index rose 0.9% as banks gained. Qatar Islamic Bank ...
Saudi Arabia's Public Investment Fund (PIF) has attracted only tepid interest in plans for its latest multibillion-dollar debt sale, banking sources say, suggesting the kingdom is losing its appeal for some lenders. International banks have flocked to join the efforts of the the Middle East's largest economy to reduce its reliance on oil and have continued to seek Saudi business despite Riyadh's relations with Western allies being tested by the murder last year of journalist Jamal Khashoggi. The Saudi government has raised nearly $60 billion in global bonds since 2016, as well as a $16 billion international loan, with a string of state entities also joining the debt bonanza, including this year's $12 billion bond issue from oil giant Saudi Aramco.
Saudi Arabia's stock market rose sharply on Tuesday, leading gains in most major Gulf bourses amid a global rally after Washington temporarily eased trade restrictions imposed last week on China's Huawei. ...
Saudi Arabia's stock market slipped on Monday as investors cut positions in blue-chip stocks amid lingering uncertainty from regional tensions, while a wide sell-off pulled down Egypt's blue-chip share ...
Dubai's stock market closed down on Sunday, dragged lower by property and banking shares as Gulf markets ended the day mixed amid rising geopolitical tensions that have shaken investor confidence. Dubai's ...