Markets

Technical analysis of PEP, TSM stocks

Both PEP and TSM saw their stock price decline in the third quarter of 2023

Mixed market performance in the GCC, global economic indicators in spotlight

Sustained rise in crude oil prices might invigorate the regional energy domain

Oman’s OQ IPO $771 million IPO oversubscribed

Group announced in June a net profit of $1.1 bn

ADX appoints BNY Mellon for global custody offering

Arrangement will enable dual listings from global markets on the ADX

DFM achieves highest market cap since 2015 with AED3.7 bn surge

The market to host exclusive international investor roadshow in Singapore

Saudi’s SAL $678 mn IPO receives strong investor demand in Riyadh

Order books were fully subscribed across the price range within a few hours

ADES Holding reaches $4 billion valuation pre IPO

Announces IPO subscription coverage of 62.7 times

The UAE USD bond issue 5 times oversubscribed

The order book attracted high quality investors and exceeded $7.4 billion

Greenback still mighty despite de-dollarization efforts

Gold being stokpiled as a greater share of reserves

GCC markets: strong sentiment index surge

Oil at $94 meet inflation concerns and interest rate decisions

EFG Hermes collaborates with the Saudi exchange during EFG Hermes Saudi forum

To showcase compelling Saudi equities to global investors

Ades holding announces IPO offer price range

And commencement of the institutional book building

Saudi’s Lumi prices IPO at top of range

Company aimed to achieve SAR1 bn in revenues prior share offering

New stock exchange deal fosters closer Saudi and China ties

June saw Saudi Arabia hosting the Arab-China Business Conference

Brent Crude approaches $90 and mixed results for GCC markets

Saudi Aramco eyes potential $50 bn secondary share offering

ADX collaborates with UAE’s leading brokers, launches Investment Outlook Report

Report offers market insights, potential stock investment opportunities

ADES holding company announces Saudi IPO plans

The IPO of ADES comprises an offer of 338,718,754 ordinary shares

GCC markets show resilience amidst global turbulence

Curtain falls on 2Q 2023 earnings season