Direct: Gold prices rose at the end of Tuesday’s trading, driven by the sharp decline in the value of the dollar and Treasury bond yields, amid investor optimism about the near end of the monetary tightening cycle. At the end of trading, futures prices for the yellow metal for December delivery rose by 0.85%, or … Read more
Abu Dhabi – Mubasher: The Abu Dhabi Securities Market announced today, Friday, that there was a technical glitch in the indices managed by FTSE Russell for global indices. The financial market in the UAE capital indicated in a notice issued this morning, Friday, that the data presented does not reflect the reality of current trading. … Read more
direct: The Central Bank of Oman issued government treasury bills for two different terms with a total value of 25.7 million riyals ($66.56 million), out of the total value of the issues offered amounting to 35.7 million riyals. The Central Bank explained in a statement on its official website that the first issuance is worth … Read more
Riyadh – Mubasher: United Wire Factories Company “Aslak” recorded a 26.67% decline in net profits in the third quarter of 2023, compared to the same quarter of 2022, and the Board of Directors decided to distribute cash dividends of one riyal per share. The company’s results revealed on the Tadawul website today, Sunday, that net … Read more
It’s deplorable. The situation became clearer in mid-October. “Clarify” isn’t quite the right word. We should rather speak of a “turnaround” as spectacular as it was unexpected. Because the rules could not be said to be equivocal, they were applied uniformly by the entire industry. I touched on the subject briefly in a column published … Read more
Riyadh – Mubasher: Al-Mowasat Medical Services Company (Al-Mowasat) recorded a growth in net profits by 27.96% during the third quarter of 2023 on an annual basis. According to the company’s financial data, issued on the Tadawul website today, Wednesday, net profit amounted to 156.38 million riyals after zakat and tax, compared to 122.21 million riyals … Read more
direct: The general index of the Amman Stock Exchange ended trading on Sunday, declining by 0.01 percent to reach the level of 2414.05 points, losing 0.14 points from its levels at the end of last Thursday’s session. The performance of the Amman Index today was affected by the decline of the financial sector index alone … Read more
Live: US Treasury bond yields and the dollar index rose during trading today, Wednesday, with an evaluation of data that showed the resilience of the housing market in the United States, despite the tightening of monetary policy and the rise in mortgage rates. The yield on two-year US Treasury bonds rose by approximately 5 basis … Read more
Kuwait – Mubasher: For the third month in a row, local liquidity in the State of Kuwait decreased at the end of September 2023 by about 0.16% on a monthly basis, according to the monetary bulletin issued by the Central Bank of Kuwait, today, Monday. Domestic liquidity in the banking sector “Money Supply 2” recorded … Read more
Kuwait – Mubasher: The profits of Umm Al Quwain General Investments Company, listed on the Kuwait and Abu Dhabi stock exchanges, multiplied by about 19 times in the third quarter of 2023, recording an annual growth of 1864.86%. According to a statement on the Kuwait Stock Exchange, today, Sunday, the company’s profits for the three … Read more