The weekly review highlights the slight decrease in the Tadawul All Shares Index by 0.18%, amidst crude oil's potential second monthly gain due to OPEC supply cuts and geopolitical tensions. Goldman Sachs adjusted its Brent forecast to $87 per barrel for summer 2024, citing disruptions and stock draws. Corporate updates include Saudi Steel Pipe's significant profit increase and stock surge, Gas Arabian Services receiving intent letters for projects with Saudi Aramco, and other companies experiencing notable stock movements. Modern Mills Co. set its IPO price after an oversubscribed book-building, and Avalon Pharma's stock soared on its listing day. Saudi Aramco is boosting production and has made substantial procurement agreements to support the local economy. Looking ahead, the start of Ramadan and earnings reports from Tadawul Group and Sipchem are key events to watch.
Catalog
Red Sea International: The Secret Behind 120% Surge Apple Stock Surges 35%: Will iPhone 16 Drive It Up Another 10%? STC Stock Soars 15%! How Much More Potential Does This Blue Chip Hold? Impressive Earnings, Stock Plummets: Has Nvidia Peaked? TALCO: 38% Surge and Still Soaring? Silicon Valley's Golden 6: Buy or Bye? KHC's $6B xAI Play Surges 50% in 7 Days AI Arms Race and EV Blues: Decoding Tesla and Google's Latest Financials RASAN's 86% Surge: Unveiling the Golden Opportunity in Saudi InsurTech Election, Rate Cuts, Gold Rush: The U.S. Investment Trio for Late 2024 Miahona's 150% Surge: Can It Keep Flowing? Tesla on the Rise: A Return to Its Glory Days？ How to Profit from Saudi Aramco? U.S. Market Recap (Mid June) Saudi Market Recap (5.30-6.12) U.S. Market Recap (Early June) Saudi Market Recap(5.19-5.29) U.S. Market Recap (Late May) Saudi Market Recap (5.12-5.15) U.S. Market Recap (Early May) Saudi Market Recap (4.21-4.24) Saudi Market Recap (4.14-4.17) U.S. Market Recap (Mid-April) U.S. Market Recap (Early April) US Market Recap (Late-March) U.S. Market Recap (Mid-March) Saudi Market Recap (3.10-3.13) Saudi Market Recap (3.3-3.7) Saudi Market Recap (2.25-2.28)
Saudi Market Recap (2.25-2.28)
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