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หน้า: [1] 2
1
General Community / About Al Rajhi Bank
« เมื่อ: เมื่อวานนี้ เวลา 03:20:46 »

It is considered the best bank in the Kingdom of Saudi Arabia, as it provides a wide range of diverse services, and also provides opening an investment account through the bank. كيف اشتري اسهم عن طريق تطبيق الراجحي
The Al Rajhi application also provides the ability to complete a number of diverse services of high quality that are very useful to many customers available through Al Rajhi Bank.

2
General Community / Fraudulent Trading Companies in Iraq
« เมื่อ: 25/08/24, 07:02:26 »


Through the previous points, many clients have reached the conclusion that there are a number of fraudulent trading companies in Iraq. Therefore, each client must check the evaluations of trading companies periodically. This is because the status of companies changes over time. Many new companies are listed on the Iraqi Stock Exchange. Thus, it is always possible to reach the best reliable and guaranteed financial brokerage company in Iraq. Among the most prominent fraudulent trading companies in Iraq are the following:
شركات التداول النصابة في العراق
2firstmillion.
Givo.
IQLTrader.
AvaTrade, a clone of the real company.
Other trading companies cloned from real companies.

3
General Community / The Fibonacci sequence
« เมื่อ: 27/07/24, 06:59:57 »

The Fibonacci sequence was introduced to the West in the 13th century by the Italian mathematician Leonardo Pisano Bigolo. The Fibonacci set of numbers contains many unique mathematical properties and relationships that are found in nature and architecture. The Fibonacci indicator contains a set of indicators. تصحيح فيبوناتشي
As a result of the clear influence of indicator ratios in the financial market, many traders have used the Fibonacci trading strategy, which is concerned with determining the percentage of the market’s transformation.

4
General Community / Al-Baha stock
« เมื่อ: 25/07/24, 21:11:04 »


Al-Baha stock is one of the stocks traded on the Saudi Stock Exchange (Tadawul), and belongs to Al-Baha Investment and Development Company, which is considered one of the leading companies in the field of investment and development in the Kingdom of Saudi Arabia. Since its establishment, the company has played a prominent role in developing multiple sectors, making its stock the focus of attention of investors and followers of the financial market.توقعات سهم الباحة
Al Baha Investment and Development Company is one of the leading companies in the Kingdom of Saudi Arabia in various fields of investment and development. The company was established with the aim of investing in promising opportunities in the Saudi economy and contributing to the sustainable development of various sectors. Since its establishment, the company has achieved remarkable growth and multiple successes in its various projects, making it an important player in the Saudi market.

5
General Community / Ruling on investing in SIRA trading
« เมื่อ: 25/07/24, 21:02:11 »


Most investors are keen to know the ruling on investing in various stocks before they start pumping their money into these stocks. Therefore, investors always search for the opinions of the five authorities responsible for studying the shares of Saudi companies to determine the ruling on each share, whether it is a pure or mixed share. The five authorities responsible for this have differed. Determine the stock ruling on the ruling on the trading of SIRA and the extent of its purity.
سهم الطيار
Al Rajhi Financial Corporation, Alinma Corporation, and Al Bilad Corporation have agreed that Seera is a pure trading stock. Sheikh Dr. Abdul Aziz Al-Fawzan agreed with them on that; While Dr. Muhammad Al-Osaimi saw the trading of Seera as a mixed stock, the basic activity of the Seera Group is permissible and there is no problem with it. However, the group's financial statements included some prohibited usurious transactions. This is what makes the stock mixed due to the mixing of usurious interest with capital. Therefore, whoever wants to invest his money in Seera shares trading; He must get rid of the forbidden interest rate so that his money is completely pure.

6
General Community / Raydan stock symbol
« เมื่อ: 24/07/24, 01:28:42 »

Raydan Shares was listed on the Saudi Stock Market for the first time in 2019. Raydan’s stock symbol on the Saudi Stock Exchange is 6012. Raydan’s stock has been trading since Thursday, November 21, 2019, and the daily fluctuation rate for Raydan’s share price was 10%.
تحليل سهم ريدان
Before that time, Raydan shares were being traded in the parallel market, before the company submitted a request to transfer Raydan shares to the main market for stock trading. The share transfer process was implemented with a capital of 45.2 Saudi riyals, and 4.5 million Raydan shares were offered. Trading in Raydan shares has been suspended for five trading sessions until the transfer procedures are completed.

7
General Community / Information about Almarai Company and its activities
« เมื่อ: 21/07/24, 16:45:12 »


Almarai Company's main building is located in Riyadh. The company started production with 350 cows. Over the past 30 years, the intensity of operations has continued to expand, making Almarai the largest producer of milk and dairy products in the world with a dairy herd of 170,000 cows.
سعر سهم المراعي
Savola owns the largest stake in the company, equivalent to a quarter, and the rest has been on the stock market since 2006. In 2005, Almarai Company entered a new era, as it moved from a private company to a public company owned by the public sector, where more than 125,000 people own Almarai shares.

At the beginning of 2007, a memorandum of understanding was signed with the owners of the Western Bakery Company Limited and the International Bakery Services Company for Almarai Company to own these companies, increasing the capital by 1,090 million Saudi riyals. The company's capital currently amounts to 8 billion Saudi riyals.

In 2009, Almarai Company and PepsiCo announced the establishment of the International Dairy and Juice Projects Company Limited (ADG); This was followed by the acquisition of the International Agricultural Projects Company (Beyti), which specializes in the manufacture of dairy products, fruit juices and milk, known in Egypt. It continues to be produced under its brand name as one of ADG's subsidiaries.

In the same year, Almarai entered the poultry industry by acquiring Hail Agricultural Development Corporation for $253 million in cash and gaining market share.

8
General Community / Steps to trade Bahri shares
« เมื่อ: 20/07/24, 10:03:53 »


Many investors receive questions about your opinion of Bahri stock as a means of investment, and the answer is always to search for Bahri stock analysis on Twitter and other platforms that are interested in analyzing stocks on a daily basis to find out all the changes and factors affecting each stock, in order to determine the best times to buy or sell the stock. .
تحليل سهم البحري
Purchasing Bahri shares is done through the trading account after depositing the appropriate amount to purchase the required number of shares. By entering the Bahri share code on the Saudi Stock Exchange, which is 4030, the share is selected and the number of shares to be purchased is determined. The appropriate payment method is determined, and within a short period of time, the Adding stocks to the investor's investment portfolio.

The investor must then follow the analysis of Bahri stock and read the technical indicators and charts so that he can execute buy and sell orders at the appropriate times to execute a successful trading deal.

9
General Community / Advantages of harmonic analysis
« เมื่อ: 14/07/24, 07:57:41 »


 Discovering Geometric Patterns: Harmonic analysis helps traders discover specific geometric patterns such as the shell, butterfly, and golden wing patterns. Likewise, these patterns provide signals about possible price trend reversals.
 Determining entry and exit points: Harmonic analysis gives signals to identify potential trade entry points when the models are completed, as well as identifying potential target levels and stop points.
 Using Fibonacci Ratios: Harmonic analysis is largely related to Fibonacci ratios, which are considered a powerful tool for identifying correction levels and extensions in the price.جدول نسب نماذج الهارمونيك
 Accuracy in forecasts: When the harmonic pattern is completed and its points coincide with the Fibonacci ratios, the signals can be accurate and provide strong forecasts of price movement.

10
General Community / Petro Rabigh Tadawul
« เมื่อ: 7/07/24, 10:41:53 »


The Rabigh Refining and Petrochemical Company submitted a request to the Capital Market Authority to increase its capital by offering initial rights shares amounting to 7.95 billion riyals. The eligibility to purchase the Petro Rabigh shares offered was determined for registered shareholders in the Issuer Shareholders in the Depository Center, and after the end of the second day of trading, a contract will be held. The extraordinary general assembly is responsible for increasing the capital by offering a group of initial rights shares.
بترورابغ تداول
After the end of trading on the day of the Extraordinary General Assembly, the offering price will be determined along with the number of Petro Rabigh shares offered for subscription to be made available to the public for subscription. The company has requested a capital reduction in accordance with its related regulations, and if approved, up to 121 million shares will be cancelled. Based on this agreement, the share price will be reduced by 13.71%.

Based on the agreements signed between Petro Rabigh Company, Aramco, and SABIC, this will result in an increase in the company’s competition in trading. It provides a wide range of necessary equipment while providing financial support of more than one billion riyals. Given the strength of SABIC and Aramco in the market, this impact will appear strongly on the trends of Rabigh Tadawul shares.

11
General Community / Ruling on trading in digital currencies in Iraq
« เมื่อ: 29/06/24, 04:30:32 »


The International Union of Muslim Scholars issued a fatwa regarding the ruling on trading in digital currencies in Iraq and in Arab countries. He published on his website the fatwa issued by the Jurisprudence and Fatwa Committee regarding dealing in these encrypted digital currencies. Which prohibits dealing in these virtual currencies in their current state. And prohibiting its manufacture or circulation.
حكم العملات الرقميه
The committee explained some of the reasons on which it relied on that fatwa. Among them is that these encrypted digital currencies do not meet the pillars and conditions of money according to economists and jurists. Which includes the ruling cash currencies. It should be average among all funds so that funds can be estimated using it. The percentage for all funds should be one percentage.

In addition, digital currencies do not perform any of the functions that paper currencies and money perform. The most important of which is that currencies are a general medium for various exchange operations, a measure of the value of things, a store of wealth, and a standard for debts and future payments. But Bitcoin and similar digital currencies do not resemble any actual and real entity. It was not issued by any guarantor from any country. Therefore, it does not meet the most important condition for money, which is that it must have a value guaranteed by the entity that issued it.

12
General Community / Ruling on trading in unofficial digital currencies
« เมื่อ: 21/06/24, 08:27:20 »


Jurists agreed that it is not permissible to deal using unofficial cryptocurrencies that are not recognized by the governments of countries. This is because of its reliance on creating money from nothing. This is considered one of the forms of usury. Since exchange is one of the conditions for exchange in Islamic law. It prevents the money creation process on which cryptocurrencies are based. It was stated in an authentic Prophetic hadith that gold is for gold, silver is for silver, and barley is for barley. And so on from the Prophet’s hadith, which emphasizes the condition of exchange for reciprocity, which prevents usury. Usury and the creation of money are forbidden in Islamic law.حكم الاستثمار في العملات الرقمية
Also because digital currencies are fake money that is not real. Enormous wealth is created in the hands of a limited number of people who can only find those currencies. This means achieving extreme wealth for a number of people and great poverty for the rest. It is also one of the things forbidden in Sharia law, just like usury.

13
General Community / the analysis of Bahri stock
« เมื่อ: 13/06/24, 04:45:05 »

The investor must then follow the analysis of Bahri stock and read the technical indicators and charts so that he can execute buy and sell orders at the appropriate times to execute a successful trading deal.  تحليل سهم البحري
 The Bahri stock may be controlled by the Saudi Stock Exchange’s governors through daily speculation, which leads to the share price being greatly affected. Consequently, the investor who follows a long-term strategy is exposed to a change in the share price, which affects the returns expected from the stock. Just as each stock has a number of stock market leaders who... They lie in wait for the stock and control its trends, as the Bahri stock also owns stocks, which constitute a powerful tool for influencing the stock trading market in general.

14
General Community / Shams Company for Tourism Projects
« เมื่อ: 9/06/24, 10:54:14 »


Shams Tourism Projects Company is considered one of the largest companies in the tourism field in the Kingdom of Saudi Arabia. The company’s market value reaches more than 340 million Saudi riyals. The company was established on June 31, 1991 AD to be one of the giant tourism companies that manages tourist facilities and establishes resorts in the Kingdom of Saudi Arabia.
مقارنة 4170
The Palm Beach Resort is one of the most important resorts of Shams Tourism Projects Company, which is located in the eastern region of the Kingdom of Saudi Arabia. The area on which the beach was established is about 550,000 square meters, and the area of ​​its sea destination is about 1,300 meters in length.

The resort is distinguished by the presence of a large number of services due to the presence of many chalets in addition to the marina and cabana, and a number of sports clubs. In addition to this, there is a hall designated for conferences and more than one field for football, basketball, volleyball, and squash. What increases the distinction of the resort is the presence of indoor and outdoor swimming pools. And private steam and sauna rooms.

15
General Community / How do I calculate profits when I trade stocks?
« เมื่อ: 31/05/24, 07:47:21 »

This question is one of the common questions among beginners in stock trading, although it cannot be answered with a typical answer or specific points through which the trader can calculate his profits. The profits and returns resulting from stock trading have many forms and depend on several variable and varying factors depending on the market situation and its trends. Price movement, etc., and the value of potential profits from stock trading can be calculated from more than one perspective as follows:
فهم استراتيجيات التداول والاختيار من بينها
 Dividends from equity ownership: This is known as the “acquisition return,” and is indicated by the symbol HPR. The acquisition return is calculated by finding the value of the difference between the previous price of the stock and its current price. This is after adding the value of the cash dividends received.
 earnings Company shares: referred to as EPS, which is the total net income divided by the total number of shares.
 Unrealized profits: These are referred to as Unrealized P/L, and are calculated in a simple way. It is the difference between the purchase price of a stock and its current price.
 Realized profits: referred to as Realized P/L. It is the result of subtracting the selling price of the stock from its purchase price after adding the value of commissions.

16
General Community / What is the quorum of Citigroup Bank in Saudi Arabia?
« เมื่อ: 31/05/24, 04:19:28 »


What is the quorum of Citigroup Bank in Saudi Arabia?
It is a fake company with a website on the Internet, impersonating the real name of Citigroup Bank for the purpose of misleading investors and convincing them that the bank provides trading services in the Saudi financial market.شركة سيتي جروب العربية السعودية نصب
 This fictitious company specifically targets people interested in trading in the Kingdom of Saudi Arabia.


17





According to statements by Al-Rashidi, founder of the Haraj website, the volume of monthly sales made through the website reaches 400 million Saudi riyals. More than ten thousand ads are added daily to the site.
حراج
As for the site’s profits, Al-Rashidi stated that he has no intention of increasing the site’s commission beyond the percentage specified since the beginning of the site’s operation, which is 1% of every sale made through the site. It is a symbolic percentage designated only to support the site and support the party operating it in order to continue, and that he does not Mainly aimed at making profit.

18

إليكم قائمة بأسماء الشركات التي قامت بتوزيع أرباح ربع سنوية منذ بداية عام 2022 وحتى الأول من يونيو 2022:
ما هي الاسهم التي توزع ارباح في السوق السعودي؟
    شركة سدافكو، قيمة الربح الموزع لكل سهم 3 ريال سعودي في يناير 2022م، ثم 3 ريال في مايو 2022م.
    مجموعة تداول، وبلغت قيمة الربح الموزع 3 ريال سعودي لكل سهم.
    مكتبات جرير، قيمة الربح الموزع لكل سهم 95 ريال سعودي في مارس 2022م، و2.05 ريال سعودي في مايو 2022م.
    شركة أسمنت السعودية ويرمز لها في البورصة برقم 3010، وقد وزعت 00 ريال سعودي قيمة ربح كل سهم.
    شركة أسمنت العربية ACC ويرمز لها بالرمز 3030، وتم توزيع 50 ريال سعودي لكل سهم.
    مجموعة أسواق عبد الله العثيم، وتم توزيع 00 ريال سعودي عن كل سهم.
    شركة مهارة، وقد تم توزيع 00 ريال سعودي أرباح للسهم الواحد.

19
General Community / Trade360 company
« เมื่อ: 30/05/24, 07:30:44 »

 Licensing and Regulation: Licensed by CySEC and ASIC.
 Trading platforms: CrowdTrader platform available.
 Leverage: up to 1:400.
 Minimum deposit: $250.
 Positives:منصات التداول الموثوقة في السعودية
 A unique platform based on social trading.
 Licensed by strong regulatory bodies.
 Negatives:
 High minimum deposit.
 Research and analysis tools may be limited.

20
General Community / About Al Rajhi Bank
« เมื่อ: 30/05/24, 04:54:11 »

 History of establishment: Al Rajhi Bank began its operations in 1957 as a family project before transforming into a joint stock company in 1988.عمولة الراجحي المالية
 Banking activities: The bank provides a variety of banking services to individuals and companies, including current and savings accounts, loans, real estate financing, and investments.
 Islamic Sharia: All Al Rajhi Bank products and services comply with the provisions of Islamic Sharia, and this is supervised by an independent Sharia body to ensure full compliance.
 Branches and spread: The bank has a wide network of branches inside and outside Saudi Arabia, including other countries in the Middle East and Southeast Asia.
 Digital transformation: Al Rajhi Bank seeks to enhance its digital services to facilitate online and mobile banking transactions, which enhances customer experience and keeps pace with technological developments.

21
General Community / How to invest in stocks online
« เมื่อ: 29/05/24, 03:34:02 »


After conducting sufficient research and appropriate analysis of the stock market, choosing good stocks for investment, and developing an appropriate trading strategy. Stocks can easily be traded over the Internet using one of the trading companies' applications. Or through trading platforms provided by online financial brokerage companies.
كيف استثمر في الاسهم
Trading companies provide access to the stock trading platform, whether the company's own platform such as the Al Rajhi Tadawul application or the AlAhli Online trading application or one of the internationally known platforms such as the MetaTrader4 platform, the MetaTrader5 platform, or others.

Thus, the last steps that are known to answer those who ask how to invest in stocks is to enter the available trading platform and start entering various orders for trading, opening positions to buy stocks, and then making a decision regarding the stocks if the investor wishes to keep them in his portfolio as a long-term investment. Or trade them by reselling the shares at a higher price than the purchase price.

22
General Community / Support and resistance calculator
« เมื่อ: 27/05/24, 12:04:33 »

The support and resistance calculator, the pivot calculator, or the pivot calculator are all different terms for one of the most important technical analysis tools in the financial market. طريقة حساب الدعم والمقاومة للاسهم
They help traders know the support and resistance points or pivot points, through a series of calculations based on the closing price, the opening price, the highest price, and the pivot price. The lowest in terms of support and resistance points. Pivot points can also be obtained with four supports and four resistances of their own.

23
General Community / شركات التداول
« เมื่อ: 27/05/24, 11:00:24 »
 تتميز الحسابات الإسلامية بأنها لا تفرض الفوائد الربوية على الأرباح. ولكن مع وجود آلاف اعلانات لأفضل شركات التداول في السعودية فلابد من معرفة أن شركات تداول الأسهم في السعودية ليست جميعها شركات تداول مرخصة على المستوى المحلى. فسوق التداول في المملكة يعتبر من الأسواق الكبيرة وتزداد نسبة المستثمرين به يوماً بعد يوم.
أفضل شركات التداول المرخصة في السعودية
لذلك أصبح المستثمر السعودي أو العربي يبحث عن بعض الشروط الخاصة للتداول التي قد لا تتوفر في شركات التداول السعودية. ولذلك يتجه المستثمرون إلى شركات التداول المعتمدة والمرخصة عالميًا.

24


الامتثال للشريعة الإسلامية: للمستثمرين المسلمين، من الضروري أن تكون استثماراتهم متوافقة مع تعاليم الإسلام، والتي تحرم الربا والاستثمار في الأنشطة غير الأخلاقية.
الأسهم الحلال في السوق السعودي
الأخلاق والاستدامة: تعتبر الأسهم الحلال غالبًا استثمارات أخلاقية، ولذلك تركز على القطاعات النظيفة والمستدامة. هذا يمكن أن يشمل الاستثمار في التكنولوجيا النظيفة، الرعاية الصحية، والتعليم، والقطاعات الخدمية التي تخدم المجتمع بشكل إيجابي.

المخاطر المالية: غالبًا ما تكون الشركات التي تلتزم بالشريعة أكثر حذرًا في إدارة ديونها، ممّا يقلل من مخاطر الإفلاس مقارنة بالشركات التي تعتمد بشكل كبير على التمويل الربوي.

جذب المستثمرين المسلمين: التفرقة بين الأسهم الحلال والتقليدية تتيح للشركات جذب قاعدة واسعة من المستثمرين المسلمين الذين يفضلون الاستثمارات المتوافقة مع معتقداتهم.

الشفافية والمسؤولية: الشركات التي تسعى إلى تصنيف أسهمها كحلال تكون ملزمة بمعايير عالية من الشفافية والمسؤولية الاجتماعية، ممّا يمكن أن يعزز الثقة بين المستثمرين والمستهلكين.

التنمية الاقتصادية: الاستثمار في الأسهم الحلال يدعم النمو الاقتصادي في القطاعات التي تساهم في التنمية المستدامة وتحسين جودة الحياة، ممّا ينعكس إيجابًا على المجتمع ككل.

25
General Community / Stock trading strategies
« เมื่อ: 26/05/24, 11:27:06 »



One of the foundations of learning how to buy shares and trade them on the stock exchange is understanding trading strategies and learning how to use them in order to succeed in trading. Strategies in the world of trading are among the basics of improving the investor’s chances of achieving the desired profits, in addition to reducing the percentage of potential risks.
أهم النصائح في طريقة شراء اسهم
A good stock trading strategy must take into account the specific stocks that the investor plans to trade, along with market conditions, and all information related to the company and the economic sector to which it belongs. It must also include the amount of risk that the investor can bear, while understanding his personal needs and preferences before he searches. How do I buy shares? A trading strategy must be formulated and then carefully tested in order to try to earn more returns and reduce the chances of losses as much as possible.

26
General Community / Saudi Misk Company indicators
« เมื่อ: 25/05/24, 13:25:43 »


The indicators of the Middle East Specialized Cables Company (MiSK) in the Saudi stock trading market are as follows:
سهم مسك تداول أرقام
     The market value of Misk Company is 800.80 million Saudi riyals.
     The number of company shares is 40 million publicly traded shares.
     The profit of Misk Tadawul shares in the last 12 months amounted to 16 Saudi halalas.
     The book value for the last announced period is 8.89 Saudi riyals.
     Operating profit multiple in the last 12 months: negative.
     The book value multiple is 2.25.
     The value of the facility is 875.17 million Saudi riyals.
     The average return on shareholders' equity in the last 12 months is 1.83%.
     The percentage return on average assets in the last 12 months is 0.92%.

27
General Community / When was French Tadawul launched?
« เมื่อ: 25/05/24, 10:52:52 »


French Tadawul was launched as part of the electronic financial services of Banque Saudi Fransi with the aim of meeting the needs of investors in the Saudi financial market. تطبيق الفرنسي كابيتال
An exact launch date for the platform has not been specified in the available sources, but it can be noted that it was part of the digital transformation that Saudi banks witnessed during the last two decades, as they developed electronic trading platforms to facilitate customers’ access to financial markets.

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General Community / What are the dividend payment dates?
« เมื่อ: 23/05/24, 12:33:37 »


Most companies follow unified strategies for distributing stock dividends semi-annually, while others distribute their profits on a quarterly basis. In order to be able to gain profits from the company, you must have owned the company’s shares for no less than 3 business days, specifically before the profit distribution times.
أفضل سهم للشراء في السوق السعودي اليوم
If you buy those shares one day before the dividends are distributed, you will not be able to get those dividends.

For example: A company that distributes its dividends on the 26th of March must have shares owned by you in the company before the 23rd of March, which is called the last day of trading.

29
General Community / Al Bahah demo trading
« เมื่อ: 28/04/24, 09:21:23 »

Registration in the demo trading accounts provided by Saudi stock trading platforms is considered one of the distinguished things that gives new investors a tremendous opportunity to try stock trading, gain experience, and learn how to choose a trading strategy and how to apply it in a way that achieves success in trading and earning profits. Therefore, it is necessary to try buying Al Baha Tadawul shares. Experimentally by using virtual capital and trading the stock on a virtual trading platform, this gives the investor the following advantages:
توقعات سهم الباحة 2024
     Learn how to trade investment stocks effectively and safely without incurring any financial losses.
     Learn about the different tools for trading, how to use each tool, and what is the advantage of each, without having to risk real capital.
     Testing different strategies for trading Saudi stocks in order to settle on the strategy for each investor after he has tried it and is satisfied that it suits his goals.
     Test different trading platforms and learn about various financial instruments without risking losing money before fully understanding them.
     Al Baha Trading stock can be tested completely free of charge and without losing money or facing any risks.

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General Community / trading in American halal stocks
« เมื่อ: 16/04/24, 02:29:24 »

What are halal American stocks?

The ruling on trading in American halal stocks or other halal stocks does not differ depending on the country of origin of the company, whether it is Arab, American, European, or otherwise. As long as the previously mentioned controls apply to any company, investing in its shares is halal, regardless of the company’s nationality.
حكم التداول في الاسهم الامريكية
With the spread of the idea of investing in American stocks over the past few years among Arab investors, the search for halal American stocks has become their primary concern. Buying shares in a company means buying an ownership right in it, so that the buyer becomes a partial owner in it and is entitled to a percentage of the company’s profits according to his share of the stock. Whether this is through obtaining his share of cash profits or through the rise in the value of the stock on global stock exchanges.

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