Saudi Stock Weekly Review

Lack Luster performance in Saudi Stock Market. TASI lost 203.27 points and closed at 10938.75 Investors suffered losses of SR 149 billion in form of Market Capitalization Due to short week (4 working days) Trading down by 39.26%     By : Ghias Uddin , MBA                     Saudi Stock Market has seen lake luster performance. Due to short week (4 working days) Trading value was down by 39.26%. TASI lost 203.27 points and closed at 10938.75. Number of trades and volumes deteriorated by 29.86% and 32.84% respectively. Due to lowering of prices the investors lost SR 149 billion in form of market capitalization. Trading in Saudi Aramco plummeted by 62.82% and summed to SR 416 million. Number of trades and volumes plunged by   49.81% and 62.41% respectively. Price of Aramco fluctuated between SR 32.90 and SR 33.90 an ended at SR 33.20 depicting de...

Market down by 69.68 points and closed at 11142.02 points Investors lost SR 122 billion in form of Market Capitalization Subscription of American Restaurants IPO is going on and will end on 21.11.2022     By : Ghias Uddin , MBA                     Saudi Stock Market remained dull despite good improvements in American and European markets. TASI was down by 69.68 points on WoW basis and closed at 11142.02. Total trading value increased by 3.84% while number of trades and volumes were down by 2.08% and 6.52% respectively.  Due to reduction of prices the investors lost SR 122 billion in form of market capitalization. Though trading value of Aramco improved by 31.22% yet price depressed by 1.46% and closed at SR 33.70. Because of price deterioration Aramco lost SR 110 billion in form of market capitalization. The market capitalization of Aramco s...

TASI suffered loss of 227.49 point on W/W basis and closed at 11560.72 Investors lost SR 94 billion in form of Market Capitalization On Sunday, 13 th November, Saudi Stock Market will take bullish turn.   By : Ghias Uddin , MBA                     Saudi Stock Market remained under influence of international markets. and lost 227.49 point and closed at 11560.72 Most of the indicators closed in red zone. . Number of Trades were down by 16% while volumes deteriorated by 15.21%. Total trading value shrinked by 2.63%. Due to Price reduction the investors lost SR 94 billion in form of market capitalization. The performance of Saudi Aramco was also not exemplary. Despite announcement of Dividend last week, its volumes plunged by 20.60%, Number of Trades fell by 36.39%. The investors did not lure to buy Aramco shares even after dividend declarations as trading value...

Most of the world markets extended losses due to hike of interest rate by Fed TASI down by 270.13 points on WoW basis and closed at 11439.19 Investors lost SR 175 billion in form of Market Capitalization.   By : Ghias Uddin , MBA                     Most of the world markets extended losses due to hike of Interest rates by Federal Reserve. On Wednesday, 2 nd November, 2022 they increase the interest rate by 75 basis points (0.75%). This was the 6 th increase in Year 2022. The Chairman of the Fed indicated that it is difficult to say at this stage;  when they will pause the rate hikes. UN has already indicated that hike of interest rates is causing world recession. Saudi Stock Market was also influenced by international markets. Tadawul was under pressure whole the week. TASI closed in red zone all the days except on 31 st October, 2022, when it closed 3...