RIYADH: The Saudi stock market ended the first trading session of the week in positive territory, as investors evaluated the impact of oil price changes on the index. The Tadawul All Share Index edged up 0.43 percent to finish Sunday at 12,194, while the parallel Nomu jumped 1.47 percent to end at 21,640. The National Co. for Glass Industries gained 5.69 percent to lead the
RIYADH: The Saudi stock market started the first trading session of the week in negative territory following the shift in oil prices last week, which has caused investors to become concerned. The Tadawul All Share Index opened 0.35 percent lower on Sunday at 12,100, while the parallel Nomu added 0.54 percent at 21,441, as of 10:08 a.m. Saudi time. Saudi oil giant Aramco
RIYADH: Saudi Arabia’s two listed insurers, Amana Cooperative Insurance Co. and Allied Cooperative Insurance Group, are exploring a potential merger. Both parties announced in separate stock exchange filings that they entered into a memorandum of understanding for the merger, which will expire a year from now. Based on the terms of the MoU, the method used for valuation will
RIYADH: Saudi stocks slipped on Tuesday, tracking a trend in the region as market sentiment remained negative due to continued recession fears and oil volatility. TASI finished the session 1.1 percent lower at 12,420, while the parallel Nomu fell 0.8 percent to 21,562. The Qatari index underperformed Gulf peers as it dropped 1.5 percent, while Abu Dhabi and Dubai lost 0.2 and
RIYADH: Major Saudi-listed insurers released first-half earnings results on Wednesday, with three reporting improved profits due to lower claims. Alinma Tokio Marine Co. turned in a profit of SR2.4 million ($639,339) in the first half of 2022, erasing over SR3.2 million in losses from the first half of 2021, according to a bourse filing. Saudi Enaya Cooperative Insurance Co.