The Weekly Saudi Market Review highlights key financial developments: the TASI rose by 1.15% to a new high since June 2022. Saudi Arabia's Q4 GDP shrank by 4.3%, primarily due to a significant drop in oil activity, resulting in an overall GDP decline of 0.8% for 2023. The Public Investment Fund (PIF) now ranks 5th globally among sovereign wealth funds, with assets nearing $1 trillion after acquiring an 8% stake in Saudi Aramco. Corporate news includes Saudi Aramco's $121.3 billion net income for 2023, marking its second-highest ever, and significant profit increases reported by Saudi Chemical, ELM Co, Electrical Industries, and First Milling Co. The upcoming week focuses on earnings reports from CHUBB Arabia, Saudi Ground Services Co, Dar Al Arkan, and CATRION Catering Holding.
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 (3.10-3.13)
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