RIYADH: Bank Albilad’s shares surged over 1 percent in Wednesday’s trading session, following a 24 percent profit leap for the first half of 2022, driven by a rise in operating profit. The bank’s share price advanced to SR49.35 as it announced that profit rose to SR1 billion ($266 million) from SR808 million in the same period a year earlier. The profit hike was mainly
RIYADH: Saudi stocks edged up on Tuesday, following two straight days of losses, as investor sentiment improved on the back of optimistic earnings results. TASI closed 0.76 percent higher at 11,964, while the parallel market, Nomu, finished 1.2 percent lower at 20,791. Dubai, Qatar, Oman, Bahrain, and Kuwait all advanced in line with Saudi Arabia, with the Omani bourse leading
RIYADH: The Saudi main index rose on Wednesday following the increase in oil prices along with positive financial results from the banking sector that boosted investor sentiment. TASI opened 0.36 percent higher to 12,007, while the parallel market, Nomu, shed 0.12 percent to 20,765 as of 10:05 a.m. Saudi time. Saudi National Bank, the Kingdom’s biggest lender, climbed 2.02
TASI edges up boosted by banking sector earnings: Closing bell 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.
RIYADH: Saudi Arabia’s stock exchange ended its five-day winning streak to close slightly lower on Sunday, tracking Friday’s drop in oil prices. TASI, the main index, edged down 0.11 percent to 11,975, while the parallel Nomu market rose 0.46 percent to 21,056. Fellow GCC bourses were mixed. Bahrain led the gainers as it added 0.7 percent, Oman and Qatar followed with a 0.6