tadawul index slips 1
Saturday 26 July 2025
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Tadawul index slips 1%

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleTadawul index slips 1%

Dubai - Arab Today

The Tadawul All Share Index (TASI) slipped 1 percent on Tuesday. Some investors have been worried by the fact that many companies are reporting first-quarter earnings later than usual this year, prompting speculation that they could be preparing to announce negative surprises.
However, analysts said they believed the delays were due to Saudi Arabia’s shift to International Financial Reporting Standards (IFRS), now under way. To facilitate the shift, the securities regulator said last year that companies could report interim earnings as long as 30 days after the end of each period, rather than 15 days as previously.
Alawwal Bank fell 3.3 percent after reporting a quarterly profit of SR324 million ($86.4 million), down from SR511.5 million a year earlier. NCB Capital had projected SR376 million and EFG Hermes, SR443 million.
But National Commercial Bank (NCB), the Kingdom’s largest lender, gained 0.8 percent after reporting a 2.7 percent rise in first-quarter net profit to SR2.70 billion; SICO Bahrain had forecast SR2.39 billion.
National Metal Manufacturing and Casting Co. surged 1.8 percent after saying it had signed a memorandum of understanding (MoU) with Saudi National Automobiles Manufacturing (SNAM) to make automobile parts. It did not give details, but developing an auto industry is a goal of the Saudi government’s economic reform program.
Dubai’s stock market rose in a broad-based rally on Tuesday. The Dubai index rose 0.9 percent to 3,496 points, rebounding from near technical support on its March low of 3,435 points. Nine of the 10 most heavily traded stocks gained with GFH Financial, the most active, adding 2.7 percent.
Emaar Properties climbed 3.3 percent as an executive said its Address Downtown hotel in Dubai, which was damaged in a New Year’s Eve fire in 2015, was on track to reopen in the fourth quarter.
Abu Dhabi’s index dropped 1.1 percent, however, because of a 2 percent fall by telecommunications firm Etisalat as it went ex-dividend. First Abu Dhabi Bank, the UAE’s largest lender, fell back 1.8 percent after rising 2.8 percent on the previous day.
Qatar’s index was flat as Commercial Bank of Qatar (CBQ) lost 3 percent after reporting a 66.7 percent drop in first-quarter net profit to $25.1 million.
Analysts polled by Reuters had on average forecast CBQ would make net profit attributable to equity holders, a slightly different profit measure, of QR209.4 million ($57.5 million); the bank cited a sharp rise in provisions for non-performing loans.
Egypt’s rose 0.5 percent as the market reopened after a two-day public holiday, with Global Telecom jumping 4.1 percent.

Source: Arab News

themuslimchronicle
themuslimchronicle

GMT 06:48 2017 Wednesday ,12 April

Banking shares weigh on Tadawul; index falls 0.4%

GMT 05:43 2017 Thursday ,06 April

Petrochemical shares lift Saudi bourse

GMT 05:16 2017 Wednesday ,05 April

Tadawul edges up 0.3% in thin trading

GMT 05:51 2017 Thursday ,23 February

Saudi stocks edge up as Brent futures rebound

GMT 16:01 2017 Wednesday ,22 February

Tadawul edges down 0.2%
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

tadawul index slips 1 tadawul index slips 1

 



Themuslimchronicle, themuslimchronicle

GMT 18:42 2017 Tuesday ,31 October

Shortfall in climate action is 'catastrophic': UN

GMT 16:27 2018 Friday ,19 January

US urges Turkey not attack Syria’s Afrin

GMT 13:25 2017 Saturday ,17 June

ArcelorMittal gets green light to buy Italy's Ilva

GMT 09:05 2017 Wednesday ,27 September

Heidi Karam happy for “Seventh Neighbor”

GMT 10:41 2017 Monday ,20 February

Pelicans' Davis grabs All-Star MVP on home court

GMT 12:35 2011 Sunday ,12 June

Syracuse University opens information centre

GMT 16:22 2015 Monday ,23 March

ECB says it bought €26.3bn of bonds in 10 days

GMT 08:56 2015 Wednesday ,04 March

WWII Japanese ship found in Philippines

GMT 00:30 2016 Monday ,19 December

6.0 Magnitude Earthquake Hits Solomon Islands

GMT 07:20 2015 Tuesday ,22 September

Pope Tawadros greets Azhar Imam on Eid al-Adha

GMT 14:35 2014 Wednesday ,27 August

School leaders are experts in developing education

GMT 13:14 2016 Thursday ,21 January

General Motors Launches Personal Mobility Brand

GMT 11:28 2017 Saturday ,02 December

Al-Najma Club's Asian handball title hailed

GMT 06:35 2017 Wednesday ,27 December

Infograph three

GMT 06:28 2015 Wednesday ,04 February

Creamy cod chowder stew

GMT 10:44 2017 Wednesday ,06 September

Gangs may be laundering billions via EU banks

GMT 11:56 2017 Thursday ,22 June

IS destroys iconic Mosul minaret

GMT 11:00 2017 Saturday ,02 December

Yemen rebel ally Saleh says open to talks with Saudis
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle