Market Research
An examination of investment themes and stock market performance.
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Sat, 01 October 2011Foreign earnings of listed companies
Companies listed on the Saudi stock market are deriving an increasing share of their revenues from abroad. The growing exposure to foreign markets is good for Saudi companies, though it is also one reason for the tighter relationship between moves in the TASI and global stock markets and the relatively weak performance of the local market given the healthy domestic economy.
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Fri, 01 July 2011
Stock market performance in Ramadan
An examination of stock market performance around Ramadan over the past 10 years highlights some clear trends in both the index and the performance of individual sectors.
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Fri, 01 July 2011
The Saudi stock market in Ramadan (update)
With Ramadan approaching, it is an opportune time to highlight the distinctive patterns of stock market performance in and around the month. We examined this topic in a report issued ahead of Ramadan last year and in general the performance of the market and of individual sectors in 2010 was in line with the trends we identified.
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Sun, 01 May 2011
Oil and the Saudi stock market
Although Saudi Arabia is predominantly an oil-based economy, the stock market does not have a close relationship to the global oil market. Nonetheless, investors are able to get exposure to the oil sector through companies whose prices move fairly closely in line with oil prices or who operate in areas that are related to the oil industry.
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Fri, 01 April 2011
Saudi banks: A normalization of credit losses
Large provisions for credit losses have distorted the earnings of banks over the past three years (see chart). We think that banks have now cleaned their loan portfolios and that the share prices of banks are generally well positioned for a healthy recovery this year.
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