• June 22, 2017

    هيكلة الأسهم ذات الفئة المزدوجة: الحل لإدراج الشركات العائلية في البورصة

    Dual Class Share (DCS) structure is a governance structure that provides certain shareholders with voting power or other related rights that is disproportionate to their shareholding. Typically, one share provides one vote; in case of dual class share structure, one class of shares offer one vote, while shares in another class could carry multiple voting rights or absolutely no voting rights. For example, Alphabet Inc. (parent company of Google) has different class of shares: class A ordinary shares that is...

  • May 17, 2017

    بعض الأسئلة حول – تصور المملكة العربية السعودية في الأسواق الناشئة لشركة مورغان ستانلي كابيتال انترناشيونال (MSCI)

    When is the inclusion likely to happen: 2018/2019/2020? What will be Saudi Arabia’s weight in the index? And How much fund flows can be expect post inclusion? When is the inclusion likely to happen: 2018/2019/2020? MSCI has lauded the progress in Saudi Arabian capital market ushering its entry into the emerging markets. The kingdom will be third in the GCC league after UAE and Qatar that were included in the index in 2014. Thanks to plethora of reforms implemented by...

  • May 7, 2017

    سوق السندات الخليجية – بدأت تنمو للتو

    While the GCC equity markets came into prominence in the early part of the millennium the bond market took a back seat, primarily due to the lack of urgency to raise funds, ample liquidity in the system at low cost and certain cultural taboos. Family run organisations which control the majority of the economy were reluctant to expose their books to outsiders and sovereigns never had a dearth of capital. The data collated by Marmore clearly indicates an uptrend in...

  • May 3, 2017

    تتعثر أسواق الشرق الأوسط وشمال أفريقيا وذلك تماشيا مع النفط

    Value traded and volumes in March reflected a mixed market mood, with volume traded, dropping by 22% while the turnover in the market increased by 34.6%. All MENA markets, barring Saudi Arabia and Dubai, witnessed increase in turnover in March. Dubai and Abu Dhabi witnessed the maximum fall in liquidity with volume declining by 41% and 40% respectively. In terms of valuation, P/E of Morocco (19.18x), Kuwait (16.2x), and Qatar (15.06x) markets were at premium, 8while the markets of Dubai...

  • April 5, 2017

    MENA Markets Mixed, Oil Retreats

    The month witnessed the volume traded hitting the reds with a negative growth of 22%, in contrast with a hike of 34.6% in the market turnover, indicating a mixed market mood. All MENA markets witnessed an increased turnover in March, leaving behind Saudi Arabia and Dubai to battle a negative market environment. Dubai and Abu Dhabi hit the lows in liquidity, with volumes spiraling down by 41 and 40%, respectively. Drawing the limelight on valuation, the market witnessed the P/E...

  • March 26, 2017

    من المتوقع أن تشهد أرباح شركات دول مجلس التعاون الخليجي تحولاً في عام 2017

    Effect of lower oil prices and their impact on non-oil sectors was evident in the earnings performance of H2, 2016. Key sectors such as banking, telecom, real estate and construction all witnessed a fall in earnings. Banking and Telecom sector’s earnings declined by 7% and 29% during H2 2016 on a YoY basis. Poor performance of the former was due to tight credit and weak economic conditions, while the latter suffered from subdued performance of foreign subsidiaries, increased regulatory costs...

  • March 5, 2017

    استقرار الشرق الأوسط وشمال أفريقيا، عالم إيجابي

    According to Marmore’s recently released Monthly Market Review, most MENA bourses rebounded from a positive start to 2017, to close the month of February in the red. Bahrain, Jordan and Qatar were the exceptions, with the respective indices closing the month at 3.5%, 2.2% and 1%. Egypt, Morocco and Saudi Arabia were the laggards in February, falling by 4.8%, 2.5% and 1.8%, respectively. Kuwaiti Price and Weighted indices also fell by 0.7% and 0.8%, respectively. Profit taking dragged stock markets...

  • February 8, 2017

    ارتفاع مؤشر الأسعار الكويتي بنسبة 19% في ینایر 2017

    According to Marmore’s recently released Monthly Market Review, MENA bourses had a positive start to the year 2017, with nearly all markets ending the first month in green. Kuwaiti Price and Weighted indices led the charge, rising by 18.9% and 12.4%, respectively, followed by Bahrain (6.8%). Saudi Arabia and Oman were the only markets to register a fall in January, falling by 1.5% and 0.1%, respectively. Various reasons are being touted for the 14-day consecutive rally in the Kuwait bourses,...

  • January 31, 2017

    التوقعات محايدة لأسواق أسهم دول مجلس التعاون الخليجي

    According to تأسست شركة المركز المالي الكويتي “Markaz” report on GCC stock & debt market outlook 2017, Boursa Kuwait has started this year on an explosive note. The much followed price index gained 16% while the weighted index gained by 11% as compared to 1.4% for MSCI GCC index and a negative 2.7% for Saudi Arabia. This has been among one of the sharpest rallies for Kuwait main index in recent years as the index posted positive gains for the fourteenth consecutive...

  • January 5, 2017

    انهت أسواق الشرق الأوسط وشمال أفريقيا عام 2016 على وضع إيجابي

    According to Marmore’s recently released Monthly Market Review, MENA bourses had a positive month in December, with all markets ending the year in green. Morocco’s Casablanca Index led the charge rising 9.1 per cent, followed by Egypt’s HRMS index (7.2 per cent). Kuwait weighted and price indices had a positive month, with both climbing 3.5 per cent, amid a spurt in speculative trading ahead of the year-end. The Egyptian Index also registered the highest gains in the year, closing nearly...