RIYADH: Saudi Arabia’s Tadawul All Share Index on Sunday inched up 17.84 points or 0.16 percent to close at 10,839.49. While MSCI Tadawul 30 Index ended flat at 1,499.46, the parallel market Nomu fell 73.53 points to 19,252.34. TASI’s total trading turnover of the benchmark index on Sunday was SR3.24 billion ($860 million), with 104 stocks of the listed 223 advancing and
RIYADH: Saudi Arabia’s Tadawul All Stock Index on Thursday continued its lackluster stride for the second day in a row as it shed 61.15 points or 0.59 percent to close at 10,215.79 as investor mood remained muted. Despite the market breadth being pegged positively, with 117 stocks of the listed 221 gaining and 86 losing, and 13 out of the 22 indices closing in black, the
RIYADH: Saudi Arabia’s main stock index TASI has gained 9 percent in 2022 to reach 12,310 points as of Aug. 2, led by a 106 percent surge in the shares of Public Investment Fund-owned utility provider ACWA Power. Despite ongoing geopolitical hurdles weighing on markets globally, some stocks on the index have seen double-digit jumps in their share price, according to Argaam
RIYADH: In an unprecedented move for a Saudi-listed company, Arabia Insurance Cooperative Co. has postponed its extraordinary general assembly meeting scheduled to be held on Aug. 2 to vote on a capital raise. The meeting was delayed until further notice due to the withdrawal of Alinma Investment Co. from its underwriting commitment without any legal or regulatory
RIYADH: The Saudi main index, TASI, bounced back in July following two of its worst months of 2022, fueled by continued price gains for crude. TASI ended June gaining 5.9 percent to reach 12,199 at the closing bell of Sunday’s session. This is despite a global economic downturn triggered by inflation and rising interest rates, sending worldwide shares to their lowest levels in