Saudi Stock Weekly Review

Market Depressed ahead of Increase of Interest rate by Fed. Lost 368.45 Points Investors lost SR 210 billion in form of market capitalization.   By : Ghias Uddin , MBA                     There were lot of rumors about raising interest rate by Federal Reserve to curb inflation. This affected all the international markets. Saudi Market was not the exception. In USA the inflation rate is running its highest levels since the early 1980s. Though Federal Reserve on Wednesday raised benchmark interest rate by another three quarter of a percentage, yet markets got depressed earlier than that and Saudi Stock Market lost 368.45 points on WoW basis and settled at 11481.09.  It is expected to decrease further on Sunday, 25 th September. Saudi Aramco price fluctuated between SR 36.00to SR 38.75 and ended at SR 36.00 depicting down fall of 1.35% on WoW basis. Total tr...

International Stock Market crisis holding back blue chips companies to progress. On weekly basis the market capitalization suffered a loss of SR 26 billion   By: Ghias Uddin, MBA                      USA stock markets have seen worst first half year as compared to the last 50 years. The benchmark of S&P 500 Index fell by 20.6% and other major US Indexes also dropped sharply.  It also affected Saudi Stock Market and halted the progress however TASI ended first half year of 2022 at 11523.25 depicting progress of 2.14% on half yearly basis. USA Federal Reserve Bank (Fed) implemented monetary policy and increased the interest rates during May and June, 2022 to curb inflation. It hurt All stock Markets.  In May All Tadawul All Share Index fell by 2297.10 Points and in June It lost 812.13 Points.  Though end results of Half Yearly outcome were positive. ...