Saudi Stock Weekly Review

Week closed in Positive Zone.  Index increased by 262.67 points and closed at 10 478.46 Investors gained SR 307 billion in form of Market Capitalization.     By : Ghias Uddin , MBA                     Last week TASI fluctuated within 312 points and at the end closed at 10478.46 depicting an increase of 262.67 points on WoW basis. This was 2 nd consecutive week of weekly closing on positive note. Investor gained SR 307 billion in form of market capitalization. Saudi Aramco performed very well as its trading value surged by 20.48% on WoW basis and its price increased by 3.25% and closed at SR 32.10. With improvement of price Market capitalization of Saudi Aramco increased by SR 220 billion and summed to SR 7062 billion (US$ 1.883 trillion). Heavy Turnover: Investors preferred to buy shares of newly listed companies. Therefore 1 st and 2 nd p...

Negative Trend continues at Tadawul.  Index plunged by 74.63 points and closed  at 10 215.79 Market Capitalization suffered loss of SR 10 billion Large number of Dividend announcements encouraging. Sabic Agri declares 80% Dividend. Mouwasat announces 30% cash and 100% Bonus shares.   By : Ghias Uddin , MBA                     Under influence of US Markets, negative trend continues in Saudi Stock Market. TASI plunged by 74.63 points and closed at 10215.79. Investors were reluctant to buy shares therefore total trading value depleted by 31.85% on WoW basis curtailed to SR 17.5 billion. Number of trades were down by 23.13%, volumes dropped by 64.34%. Due to lowering of prices Market Capitalization suffered loss of SR 10 billion which came down to SR 9571 billion. Activities in Saudi Aramco also remain sluggish. Its total trading plummeted b...

Market recovers a little.   TASI up by 43.80  points and closed at 1029 0.42 Market Capitalization suffered loss of SR 20 billion Fed Reserve increased interest rate by 0.50%. American markets are down due increased interest rate to decline of retail sale in November.       By : Ghias Uddin , MBA                     Fed Reserve increased Interest rates by 0.50%.  However American markets were depressed after seeing consumers spending data showing decline of retail sales by 6% in November against expected decline of 3%. It suggests that inflation is taking its toll on consumers which shows that Fed Reserve’s persistent interest rate hikes are taking economy into recession. TASI however recovered a little as TASI was up by 43.80 point and closed at 10290.42 points. The impact of Interest rate hike on TASI wil...

Worst week during last 6 months.  TASI down by 571.64 points and closed at 10296.61 Investors lost SR 515 billion in form of Market Capitalization Despite Investor Friendly Budget of 2023 Tadawul is not likely to celebrate on Sunday due  to depressed American Markets        By : Ghias Uddin , MBA                     US Economic data showing strength suggests that Fed Reserve will take further action to bring the economy down by increasing the Interest rates.  Such news is taking its tool. Last week was worst week during last 6 months.  TASI declined by 571.64 points and closed at 10296.61. Total trading value plummeted by 16.91% and restricted to SR 19.9 billion. The worst day of the week was 5.12.2022 in which the Index dropped by 304.68 Points.  Due to reduction in prices the investors lost SR 515 bill...

Dull sessions whole week.  TASI lost 116.10 points and closed at 10822.55 All indicators are up, but prices are down, Investors lost SR 48 billion in form of Market Capitalization     By : Ghias Uddin , MBA                     It is in rumors that Fed Reserves will make another hike in interest rate by 50-75 basis points (0.50 to 0.75%) in their next meeting scheduled on 14.12.2022. Therefore, the investors are reluctantly buying stocks in fear that prices will go further down. There is more pressure on sales therefore the indicators are up but price are going down. Trading value is up 44.89% to SR 23 billion, Number of trades and volumes surged by 31.83% and 41.68% respectively.  But due to price reversals the investor lost SR 41 billion in form of market capitalization. Same story is for Saudi Aramco. Total trading enlarged by 114.66%...