JEDDAH, 18 July 2006 — Tatweer International Software Development Co., Ltd. has launched an online tool to provide Saudi stock market investors with accurate data and analysis support to protect and build up their capital. Called Mostathmer, the Internet application gives up-the-minute price information, analyses and related press news, all in one bilingual portal.
“Mostathmer provides the client with accurate, trustworthy, highly valuable and rich information including deep analysis of market movement, analysis of historical and external data and financial information,” said Aiman Mohammed Fakeih, MD, Tatweer International Ltd.
The financial portal combines live data from Tadawul, in-depth market information and announcements on all listed companies. Supported by analytical tools, the program’s main aim is to inform investors on market trends, fluctuations and crises so as to help protect and build up their capital through prudent, data-supported investment decisions.
Mostathmer has all the most advanced features that no other stocks data and analysis program has ever gathered into one site for the Saudi market. It provides direct broadcasting of the handling room and full details of the orders and all announcements of all public companies. Some of Mostathmer’s information and services are free of charge, while others are subscription based. In all cases, registration of certain personal information is required.
Fakeih said that Mostathmer’s services do not need a high level of computer skills, however the company is “keen to provide proper training to clients so as to prepare them for professional use of the program and understand the market indications to reach the best decisions.”
Information available through Mostathmer includes data on balance sheets, incomes and revenues, cash floating (quarterly and early) and data history. The program’s advanced analysis tools further enable the investor to trace the financial performance of companies. These tools include stock performance graphics showing sell/buy dates, direct broadcast of stocks handling, announcements, prices and details of all buying orders of all public companies. This is in addition to the latest press news on all listed companies and the Saudi economy in general, including breaking news from 32 news sources. The program also offers a live broadcast of Al-Arabiya to keep investors posted on all international and regional political and economic news.