RIYADH: Saudi Arabia’s main index has continued to rise during Tuesday’s trade on the back of recovering oil prices. TASI opened the session 0.12 percent higher at 12,037, while the parallel market Nomu began flat at 20,903, as of 10:06 a.m. Saudi time. Saudi Aramco, the Saudi National Bank, and Saudi British Bank shares started flat at SR37.25 ($10), SR68, and SR40,
RIYADH: Saudi Arabia’s main index gained ground in the first session of the week following a rise in oil prices on Friday. TASI gained 1.01 percent to reach 11,953, while the parallel market Nomu started 0.26 percent higher at 20,490, as of 10:07 a.m. Saudi time. Saudi oil giant Aramco climbed 1.23 percent, while Rabigh Refining and Petrochemical Co. increased 0.76 percent. Al
RIYADH: Saudi stocks dropped on Wednesday, mirroring a continued decline in oil prices as recession worries intensified. The Kingdom’s real gross domestic product grew by 12.2 percent in the second quarter of 2022 over the same period last year, recording the highest growth in over a decade, revealed data by the General Authority for Statistics. TASI slid 1.1 percent to end
Two cement companies have posted their interim financial results at the Saudi Stock Exchange (Tadawul) for the period ending on 30 June 2022, showing l.
RIYADH: City Cement Co. and Arabian Cement Co. reported lower profits during the first half of 2022, continuing the trend of declining cement sector profits. City Cement Co. has reported SR42 million ($11 million) in profit for the first half, down 64 percent from the same period in 2021. Its revenues fell by 32 percent to reach SR197 million during the period. Arabian Cement