RIYADH: Saudi Arabia’s main stock index fell in the first trading session of June, weighed down by spillover from global peers. TASI closed the day 1.2 percent lower at 12,766, while the parallel market, Nomu, added 0.48 percent to 22,879. Stock exchanges in the Gulf all declined in line with Saudi Arabia, while Dubai bucked the trend with a 1.8 percent gain. Abu Dhabi led the
RIYADH: Al Hassan Ghazi Ibrahim Shaker Co. and Italy’s Bompani have signed an initial agreement to set up a joint venture factory to manufacture cooker ranges in Saudi Arabia. A sole distributor of LG air conditioners in the Kingdom, Shaker said in a bourse filing that the memorandum of understanding will be valid for one year starting May 25. "Our joint venture will combine
RIYADH: Saudi Arabia’s main stock market recorded its first monthly decline of 2022 in May, as investors fretted over the slowdown of the global economy. TASI ended the month 5.9 percent lower at 12,921, after adding 0.11 percent in Tuesday’s trading session. Most Gulf indexes surged on Tuesday in line with Saudi Arabia, with Abu Dhabi gaining 1.5 percent ahead of its
RIYADH: Saudi stocks opened in the red for the first trading day of June as market sentiment is plagued by uncertainty resulting from inflation and oil price swings.. The main index, TASI, shed 0.54 percent to 12,851, while the parallel market, Nomu, lost 0.20 percent to 22,725, as of 10:08 a.m. Saudi time. Saudi Arabian Mining Co., known as Ma’aden, fell 2.92 percent leading
RIYADH: Saudi stocks ended the day higher on Wednesday as major companies released their earnings, causing investors to shrug off some concerns. The Saudi main stock index, TASI, gained 0.19 percent to close at 12,713, while the parallel market, Nomu, added 0.64 percent at 22,832. Red Sea International Co. surged 10 percent to lead the gainers, while Al Hassan Ghazi Ibrahim