RIYADH: Saudi Arabia’s main stock indexes were up in early trading on Monday despite a surge in coronavirus cases as the Kingdom saw 1,024 newly confirmed infections in the previous day. As of 10:20 a.m. Saudi time, the main index TASI edged up by 0.23 percent to 11,358 points, while the Nomu parallel market rose 0.39 percent to 26,379 points. Early morning gains were
RIYADH: Saudi-based utility developer ACWA Power has announced the financial closure of an $125 million senior refinancing facility for its subsidiary, Rabigh Arabian Water and Electricity Co., known as RAWEC. The senior financing facility proceeds will be used for various financial commitments including financing expenses and for general corporate purposes such as
RIYADH: Saudi Arabia’s stock market opened flat on the first trading day of 2022 as investors buckle up for the new year amid lingering omicron fears and a surge in cases. As of 10:23 a.m. Saudi time, the TASI index remained flat at 11,283 points while the parallel market Nomu edged up by 0.66 percent to 26,146 points. The National Co. for Glass Industries, known as Zoujaj,
RIYADH: The Saudi stock exchange ended the first trading day of 2022 higher, despite omicron fears that were fueled by a rise in cases on regional and global levels. Stocks on the main index TASI edged higher by 0.45 percent, reaching 11,332 points. On the parallel market, Nomu saw gains amounting to 1.15 percent to close at 26,276 points. Al-Moammar Information Systems, or
RIYADH: In the previous trading session, Saudi bourse’s main stock index TASI retreated 0.5 percent to 11,204 points and the parallel market Nomu lost 2.75 percent to close at 26,409 points, despite five consecutive days of gains. That said, it is noteworthy that many stocks saw gains following their year-end dividend distribution announcements, with the Saudi Investment Bank,