Equity Capital Markets

A bad month for Tadawul, but prospects improve on the back of Aramco IPO

It was a tough month for the Saudi stock exchange, with Tadawul falling by a steep 5% in the first 10 days of October before flatlining to finish the month 4% down overall. Total equity market capitalization was also down to SAR1.64 trillion (US....


Equity Capital Markets

Health and education sectors expected to support market growth

It has been a stronger month for Saudi’s equity markets, after a soft performance over the summer. Tadawul climbed almost 3% in the first half of September, while oil prices are up 4.6% over the four weeks to the 18th September, to reach US$55.17...


Equity Capital Markets

New banks enter on equity strength; Tadawul bank partnership boosts retail investment opportunities

It has been a relatively calm month for Saudi’s equity market, with a slight dip in the first week of August recovering to see a steady climb to finish 0.7% up as of the 27th August. However, with a stable oil price finishing the month at over US...


Equity Capital Markets

Tadawul falls as oil rises; CMA boosts investor protection

Roles have reversed in Saudi’s equity markets over the past month, with oil prices seeing a slight increase of 3.3% (between the 3rd July and 2nd August) while the Tadawul All Share Index (TASI) dropped by -5.3% over the same period (down from a...


Equity Capital Markets

MSCI inclusion boosts stock market; non-oil sector expands as diversification program takes hold

Despite the geopolitical turbulence in the region it looks as if Saudi’s program of diversification is bearing fruit, as the Kingdom holds onto stability and sees the stock market soar by 5.9% to its highest level in 18 months, even as the Qatari...


Equity Capital Markets

Tadawul launches new products to deepen Saudi equity markets in advance of MSCI inclusion

It’s been another shaky month for the Saudi stock exchange, which hit a high of 7,012.81 on the 2nd May before falling below the 7,000 barrier the next day and failing to re-emerge for the rest of the month, ending at 6,871.24 on the 31st to mark...


Equity Capital Markets

Rules and regulations: Saudi continues to groom its equity market to attract international investors

The Saudi stock exchange has had a turbulent month, shooting up 3.3% to hit 7,099 on the 12th April before falling slightly to end the month up 0.6% on the 25th. It has been a month of reforms and regulations, with Tadawul introducing a range of...


Equity Capital Markets

Foreign interest grows on the back of new reforms; institutional players dominate the stock exchange

Tadawul gained 28% during Q4 to hit an eight-month high in December 2016, according to Al Rajhi Capital in its latest report – driven by aggressive mutual fund buying along with optimism around the successful bond issuance and upcoming sovereign...


Equity Capital Markets

International interest builds as Tadawul comes under new leadership

Saudi Arabia has pledged international market integration to drive forward its ambition of becoming a capital market hub for the Middle East region. With the appointment of experienced investment manager Sarah Al Suhaimi as the new chairman of...


Equity Capital Markets

Positive reaction to stock market reforms – but is the recent rally unsustainable?

Despite three consecutive positive months in the last quarter of 2016 and overall annual gains of 31% for the year, the Saudi stock market had a rocky start to 2017. Tadawul All Share Index (TASI) returns are down by -1.55% year-to-date, while the&...