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Closing bell: TASI hits a speed bump, closes flat at 10,419 points

RIYADH: Saudi Arabia’s Tadawul All Share Index on Sunday gained 7.28 points or 0.07 percent to close at 10,419.44. While MSCI Tadawul 30 Index also ended flat at 1,424.75, the parallel market Nomu closed 0.88 percent higher at 19,536.84. TASI’s total trading turnover of the benchmark index was SR2.69 billion ($720 million) as 95 stocks of the listed 224 advanced and 105

Closing Bell: Saudi bourse sheds 0.18% to end at 10,664

RIYADH: Saudi Arabia’s Tadawul All Share Index on Wednesday fell 18.86 points or 0.18 percent to close at 10,664.04. While MSCI Tadawul 30 Index fell 5.61 points to close at 1,479.76, the parallel market Nomu slipped 1.11 percent to close at 19,053.46. TASI’s total trading turnover of the benchmark index on Wednesday was SR3.92 billion ($1.04 billion), with 137 stocks of

US food company Tyson to buy Tanmiah subsidiaries' stakes for $70m

RIYADH: Tyson International Holding Co., a wholly-owned subsidiary of New York-listed Tyson Foods, has reached an agreement to acquire equity stakes in two of Tanmiah Food Co.’s subsidiaries for SR262.6 million ($70 million). Tyson will acquire 15 percent of shares in Agricultural Development Co. and 60 percent of shares in Supreme Foods Processing Co., according to a bourse

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