Saudi Equity Research - Banking Sector 4Q25 - Preview Note

The KSA banking sector delivered solid profitability growth in 3Q25, driven by strong loan expansion and rising non-funded income, supported by resilient domestic economic activity and sustained investment momentum.

Abu Dhabi Ship Building: The stock was recommended as a 'Buy' at AED7.10 when recover from the support level of the uptrend channel, a break over the resistance level of AED8.95 could trigger a rally towards the next resistance level of AED10.25 (Fibunacci retracement level) and then toward the next resistance level at AED11.00 (Fibunacci retraceme...

Two Point Zero Group: The stock was recommended as a 'Buy' at AED2.64 on a bullish breakout. a break over the resistance level of AED2.84 and AED2.95 could trigger a rally towards the next resistance level of AED3.19 and then toward the previous high at AED3.41 in the short to medium term. Traders may look to HOLD with stops placed below AED 2.61 l...

NMDC Energy: The stock is currently consolidating within a narrow price range between its support level of AED2.32 and resistance at AED2.43. A definitive move above the AED2.43 resistance is expected to trigger an upward price movement, targeting successive short-term levels at AED2.57, the previous high of AED2.65, and finally the target price at...

Bahrain Bourse Index: The index recovered from the support level at 2020 and is currently trading near the resistance level of 2055. A break over this level is anticipated to extend the upward movement, targeting the previous high again at 2090, with potential for another run to target the next level at 2120 and 2170 in the medium term. the short ...

GCC debt capital markets continued to expand in 2025, with outstanding volumes rising 12.7% YOY to USD 1.1 Tn in 3Q25. According to Fitch Ratings, Sukuk issuance remained a key growth driver, increasing c. 22.0% and lifting Sukuk’s share to over 40.0% of total GCC Debt Capital Market outstanding.