Saudi Stock Weekly Review

TASI down by 254.18 points on WoW basis and closed at 11709.50 Investors lost SR 345 billion in form of Market Capitalization. TECO announced EGM to take place on 20 th November, 2022 for approval of 1000% Right shares   By : Ghias Uddin , MBA                     International markets tumbled after Q3 earing report.  META stock plunged again.  Its earnings per share dropped by 49% year over year in Q3. Report also influenced Saudi Stock Market as TASI was down by 254.18 Points on WoW basis and closed at 11709.50. Although all the indicators were up but prices were down. Due to deterioration in prices the Investors lost SR 345 billon in form of market capitalization which stood at SR 10697 billion as on 27 th October, 2022. Due to selling pressure Total Trading value increased by 29.64% which summed to SR 31.2 billion, Volumes surged by 29.64% and ...

Good Recovery last week, TASI up by 4.74% Investors gained SR 286 billion in form of Market Capitalization. CMA approved TECO request to increase capital by 1000% thru Right shares   By : Ghias Uddin , MBA                     International markets jumped higher due to upbeat results and forecast from big firms like IBM, ATNT and Dow Inc.  The news brought back the joy in the market and turned the market sentiments to positive.   It also affected Saudi Stock market which had good recovery last week.  TASI jumped by 4.74% and closed at 11963.88.  Trading value increased by 10.72% and summed to SR 24.1 billion. Due to increase in prices the Investors gained SR 286 billion in form of Market capitalization. The market capitalization totaled to SR 11,842 billion. Excessive activities were observed in Saudi Aramco. Trading value in Aramco fl...

Cautious attitude observed in Tadawul, Trading value down by 24.56% TASI plunged by 2.86% and closed at 11421.78 Investors lot SR 220 billion in form of Market Capitalization.   By : Ghias Uddin , MBA                     Lower Global economic growth and less business activities caused less demand of oil last week. It has instigated oil prices to go down.  WTI fell by 5.79% and Brent dropped by 5.58% on WoW basis. The price of Gold fell by 1.76% and lastly seen at SR US$ 1670.30 / Oz. Cautious attitude was observed in Tadawul. Trading value was down by 25.56% to the value of SR 21.8 billion. TASI plunged by 2.86% and closed at 11421.78 points. Volumes and Number of Trades were down by 25.08% and 18.64% respectively.  Due to reduction of prices the Investors lost SR 220 billion in form of market capitalization. Market Capitalizations   totale...

Oil prices go up due to OPEC+ decision to cut oil production by 2 mbpd Stocks Weekly closing was positive, TASI up by 3.09% Investors gain SR 144 billion in form of market capitalization.   By : Ghias Uddin , MBA                     Oil prices go up due to OPEC+ decision to cut oil production by 2 mbpd in November 2022. WTI price increased by 12.76% while Brent enlarged by 9.63% on WoW basis. Gold price improved by 2.42% and was last seen at US$ 1700.50 / Oz. Tadawul All share Index (TASI) fluctuated within 555 Points during the week and at the end closed at 11757.79 points; depicting an increase of 3.09%.  Volumes amplified by 6.25% while number of trades and total trading were marginally down by 0.03%. and 0.87% respectively. Due to increase of prices the investors gained SR 144 billion in form of Market Capitalization which summed to SR 10,976 billion...

Market Depression Little ease. TASI  Lost 55.77 Points Investors lost SR 29 billion in form of market capitalization. All Indicators are up, Trading value increased by 61.59% to  SR 30.3 billion   By : Ghias Uddin , MBA                     Last week was little better than earlier weeks. TASI fluctuated within 159 Points and ended at 11415.32 showing loss of 55.77 points on WoW basis. All indicators are up. Trading value increased by 61.59% on WoW basis and totaled to SR 30.3 billion. Numbers of Trades and volumes surged by 39.89% and 57.59% respectively. However due to reduction of prices in general; the investors lost SR 29 billion in form of Market Capitalization as compared to SR 210 billion in week earlier.  Market capitalization reduced from SR 10861 billion to SR 10832 billion.   Saudi Aramco price fluctuated between SR 34.00 to...