Saudi Stock Weekly Review

Week closed in positive zone.  TASI up by 139.64 points and closed at 10 821.65 Investors gained SR 180 billion in form of Market capitalization.    The Market Capitalization of Tadawul crossed SR 10 trillion and reached to SR 10,156 billion        ( US$ 2.708 trillion)  Trading Value declined by 7.03%%.      By : Ghias Uddin , MBA                     Last week TASI fluctuated within 145 points and at the end closed at 108215.65 showing positive closing by 139.64 points on WoW basis. However, market performance remains sedative as most of the indictors were down. Numbers of trade and volumes were down by 8.06% and 10.20% respectively. Total trading valve declined by 7.03% and limited to SR 17.91 billion. Saudi Aramco played important role in increasing the market capitalization and thus the in...

Weekly closing turned to negative. Index down by 62.21 points and close at 10682.01 . Most of the indicators were down. Trading declined by 11.41%.     By : Ghias Uddin , MBA                     In USA tight labor market indicates that Federal Reserve will maintain its aggressive polices to hike interest rates that will turn the economy into recession. Therefore, Stocks markets in USA are taking precautions and showed downward trend at the end to the week. The meeting of Central bank is expected next month to review the Interest rates. It is expected that Tadawul will go in same direction as of US Markets, therefore Investors need to be cautious. Last week TASI fluctuated within 229 points and at the end closed at 10682.01 showing decline by 62.21 points on WoW basis. Most of the indictors were down. Numbers of trade and volumes were down by 11.18% and 12...