RIYADH: Saudi Arabia's stock market gained on Sunday as the non-oil private sector continued to grow in May in spite of rising output costs. The main index, TASI, closed 0.40 percent higher at 12,656 , while the parallel market, Nomu, closed 1.30 percent lower at 22,547. Qatar's stock exchanges gained in line with Saudi Arabia, as the QSI index gained 0.1 percent, while
RIYADH: Alujain Holding Corp. has recorded a profit decline of 7.5 percent as rising costs weighed on its performance during the first quarter of 2022. The Saudi-listed investment firm, involved in Kingdom’s major petrochemical and mining projects, made SR55.8 million ($14.9 million) in profit, according to a bourse filing. Alujain attributed the profit drop from SR60.3
RIYADH: Saudi stocks ended the previous trading week higher, outperforming fellow Middle Eastern bourses despite a drop in oil prices. In Thursday’s session, the main index TASI was up 0.6 percent to close at 13,621 points and the parallel market Nomu edged 0.4 percent higher to 24,418. Elsewhere, Egypt’s index EGX30 extended losses by 1.5 percent after UAE’s First Abu Dhabi
RIYADH: Alujain Holding Corp. said it will increase its ownership in subsidiary National Petrochemical Industrial Co. as it mulls a merger. The Saudi-listed investment firm, involved in Kingdom’s major petrochemical and mining projects, currently holds a 75-percent stake in NATPET. Alujain is seeking to acquire an additional stake as part of its ongoing strategic plan to boost
RIYADH: Saudi stocks closed higher on Thursday, as several major companies including Wataniya Insurance Co. registered gains. At the closing bell, the Saudi main index, TASI, closed 0.6 percent higher at 13,621. The parallel market Nomu gained 0.44 percent to reach 24,418. Wataniya Insurance Co. gained 9.96 percent to lead the gainers, while Saudi Reinsurance Co. fell 2.18