Closing Bell: Saudi main index slips to close at 11,099 arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
AlWasail Industrial, a leading pipes manufacturer in Saudi Arabia, has reached an agreement with Sabic to buy 60,000 tonnes of raw materials for SR300 million ($80 million) from the global petrochemical major for manufacturing activities at its plant.
RIYADH: Saudi stocks closed the previous trading week lower, despite expectations by the International Monetary Fund that the Kingdom’s economy will grow in 2022. The main TASI index fell to 13,534 points, down almost 1 percent on the week, and the parallel market Nomu slipped to 23,830. Elsewhere in the Middle East, stock exchanges of Abu Dhabi, Dubai, Qatar, and Egypt all
RIYADH: The Saudi stock exchange opened flat with positive bias on Tuesday amid a stronger oil market and new company listings. As of 10:20 a.m. Saudi time, TASI was flat at 12,171 points, and the parallel Nomu market edged up by 0.2 percent to 26,219 points. Nomu was led by Alwasail Industrial Co. and AME Co. for Medical Supplies on debut, up 30 percent each. On TASI, Saudi
RIYADH: Saudi Arabia’s main TASI index ended higher for the seventh straight session on Monday, buoyed by optimistic investor sentiment. TASI advanced to close at 12,166 points, while the parallel market Nomu edged down by 0.4 percent. Nomu is to see two new company listings today of Alwasail Industrial Co. and AME Co. for Medical Supplies. Gulf stock exchanges saw a mixed