Bitcoin prices rose on Tuesday's on spot trading to bounce back from its lowest in a week in yesterday's trading, making the first gain in three days, as the world's cryptocurrency is still looking for a solid ground to help it entering a rising market.

On the Bitstamp stock exchange, by 0850 GMT, Bitcoin traded around $3,725, up $27 or 0.7%, with an opening price of $3,698 with a high of $3,734 and a low of $3,690.

Yesterday,Bitcoin lost 2.4%, the second consecutive daily loss,, and reached a week low of $3,670 per unit, with renewed sales in the digital market, especially after Bloomberg reported that companies operating in the encryption industry Are still facing serious difficulties in opening bank accounts.

The market value of cryptocurrencies rose by about $ 1.5 billion to a total of $ 127.5 billion on Tuesday, with most of the major currencies rebounding in the market, when the value on Monday hit $125 billion, the lowest since February 18.

After Bitcoin failing to breach the psychological barrier at $ 4,000 for the third straight month in a negative sign that prices are hard to enter in a wave of continued recovery.

But some experts believe that the bottom of $ 3,000 in December may be enough for a recovery and a bullish market, but that needs more positive progress news, which improves investment demand levels and attracts new investors to the market.

This phase also requires establishing further regulatory and basic rules in the encryption industry, and the strengthening of control and protection systems, with the increasing interest of major financial institutions in the nascent industry.

In this context, JPMorgan's chief executive, Jimmy Demon, had previously ridiculed Bitcoin, wondering oddly about the core value of the currency and the intelligence of investors who bought the encrypted currency!

But ironically, today we find a different stand, Dimon's tone changed abruptly and he is now more optimistic about the future of the encryption industry and the technology of the Blockchain, this happend after JPMorgan launched JP Morgan Coin (JPM) on February 14.

Meanwhile, it is reported that the largest social network in the world, "Facebook" is currently building its own cryptocurrency for personal repayment, and it is also rumored that the currency may be a fixed currency instead of an encrypted one.

The board of directors of Saudi Pharmaceutical Industries and Medical Appliances Co. (SPIMACO) recommended the distribution of cash dividends for the second half of 2018 at 10% of stock par value, or SAR 1 per share, totaling SAR 120 million, according to a bourse statement.

The company earlier distributed cash dividends for the first half of 2018 at SAR 50 halala per share, totaling SAR 60 million.

The company posted a 32.1% decline in net profit for the fiscal year ended on December 31, 2018 to SAR 100.8 million net profit, compared with SAR 148.5 million in profit in 2017.

The profit decline was ascribed to a decrease by 8.02% in revenues to SAR 1.3 billion, from SAR 1.4 billion due to market conditions.

Shareholders of Ajman Bank on Monday approved the distribution of cash dividends at 3.5% of capital, or 3.5 fils per share, totaling AED 73.5 million, for the fiscal year 2018.

Entitlement date for the dividend distribution shall be on March 12, 2019.

The bank distributed cash dividends for FY17 at 3.5% of capital, or 3.5 fils per share, totaling AED 58.8 million.

The Dubai-listed bank earlier posted 28.2% growth in net profit for the fiscal year 2018 to AED 170 million, compared with AED 132.6 million a year earlier.

Saudi Pharmaceutical Industries and Medical Appliances Co. (SPIMACO) said, in a bourse statement, it posted a 32.1% decline in net profit for the fiscal year ended on December 31, 2018.

The company generated SAR 100.8 million net profit, compared with SAR 148.5 million in profit in 2017.

FY18 net operating profit amounted to SAR 131.1 million, compared with SAR 188.9 million.

The profit decline was ascribed to a decrease by 8.02% in revenues to SAR 1.3 billion, from SAR 1.4 billion due to market conditions.

The company earlier posted SAR 88 million net profit for the first nine months of 2018, down 35.6% year-on-year.