|Bid||112.20 x 0|
|Ask||112.40 x 0|
|Day's Range||111.80 - 112.80|
|52 Week Range||74.50 - 117.40|
|Beta (3Y Monthly)||0.17|
|PE Ratio (TTM)||19.79|
|Earnings Date||Oct 22, 2019 - Oct 28, 2019|
|Forward Dividend & Yield||4.00 (3.55%)|
|1y Target Est||83.30|
Saudi Arabia's stock market rose for a third straight session on Thursday, rebounding from recent sell-offs and ahead of MSCI inclusion later this month. Abu Dhabi was pressured by its top-lender. On Monday, ...
* Saudi Arabia "can be tipped by smallest signs of a conflict" -analyst * Dubai snaps 7-day losing streak * Abu Dhabi sinks to worst day in more than 3 years * Aldar Properties posts higher Q1 development sales By Karina Dsouza and Davide Barbuscia May 14 (Reuters) - Saudi Arabia's stock market was choppy on Tuesday after an announcement by the government on armed drones attacking oil pumping stations in Riyadh wiped out early gains. The index fell as much as 2.1% after Saudi Arabia said drones had struck oil pumping stations two days after Saudi oil tankers were sabotaged off the coast of the United Arab Emirates. "With rising tensions between Iran and the U.S., and with significant naval build-up in the region, markets are sensitive to news and can be tipped by the smallest signs of a conflict," said Mihir Kapadia, chief executive officer of Sun Global Investments.
State-run Saudi Telecom has hired six banks to arrange its first issue of U.S. dollar-denominated sukuk, or Islamic bonds, the company said on Thursday. Saudi corporates are increasingly expected to tap the international debt markets following the inclusion of Saudi government and quasi-government debt in key JP Morgan emerging market bond indexes this year. The recent jumbo inaugural bond by state-owned oil giant Saudi Aramco has also attracted new interest in Saudi borrowers, and has provided a fresh pricing benchmark for future issues by state-backed entities.
* 18 of 20 stocks on Qatar index rise * Qatar's Mesaieed at its highest in 5-months * Kingdom holding, Saudi Telecom gain after Careem deal * Egypt's GTH slides after extending maturity of credit facility By Abinaya Vijayaraghavan and Ateeq Shariff March 27 (Reuters) - Qatar's stock market rose on Wednesday, lifted by shareholder approval for an increase in foreign ownership limits at Qatar Fuel and Mesaieed Petrochemical, while Saudi Arabia rose on the back of its banks. The Qatar index rose 1.7 percent, with 18 of 20 stocks increasing.
SAN FRANCISCO/DUBAI, March 25 (Reuters) - Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a hotly anticipated initial public offering. Uber said late on Monday night it would pay $1.4 billion in cash and $1.7 billion in convertible notes in a deal that gives it full ownership of Careem.
Saudi Arabia's Public Investment Fund (PIF) has been indirectly supporting local stocks, using local institutions, to limit a market crash caused by the killing of Saudi journalist Jamal Khashoggi, sources familiar with the matter said. Last week, they sold 1.07 billion in Saudi stocks, in one of the biggest sell-offs since the market opened to direct foreign buying in mid-2015. The sell-off came amid increasing investor worries over the potential blow to Saudi Arabia's relations with the West following the death of journalist Jamal Khashoggi in Istanbul on Oct. 2.
Saudi Arabia's stock index traded very narrowly on Thursday as fears partially eased that the disappearance of Saudi journalist Jamal Khashoggi could damage the market by hurting foreign investment. U.S. ...
Saudi Arabian stocks plunged early on Tuesday on worries that the furore over the disappearance of dissident Jamal Khashoggi could damage foreign investment, but the market ended up after state-linked ...