RIYADH: Saudi stocks fell on Sunday as weak earnings data weighed on investor sentiment and losses hit some of the Kingdom’s major stocks. TASI dropped 1.2 percent, snapping its ten-day winning streak, to close at 12,140 points, and the parallel Nomu market slipped 1.4 percent, reaching 25,707 points. In line with Saudi Arabia, most GCC bourses were down on Sunday, except for
RIYADH: Saudi Arabia’s stock market slipped in early trading, after recording ten straight days of gains, as investors sentiment was weighed down by profit drops and losses in major market players. As of 10:17 a.m. Saudi time, the main index TASI went down by 0.6 percent to reach 12,223 points, and the parallel market Nomu fell 0.8 percent to 25,856 points. Shares in Saudi
RIYADH: Last week, Saudi Arabia’s main stock index TASI wrapped up ten straight days of gains amid heightened investor sentiment. Earnings season is starting to get into full swing for the Kingdom’s listed companies. In the latest session, TASI gained 0.3 percent to reach 12,291 points, while the parallel market Nomu slipped 0.3 percent to close at 26,071 points. Other GCC
RIYADH: Saudi stocks fell on Sunday as weak earnings data weighed on investor sentiment and losses hit some of the Kingdom’s major stocks. TASI dropped 1.2 percent, snapping its ten-day winning streak, to close at 12,140 points, and the parallel Nomu market slipped 1.4 percent to 25,707 points. The Kingdom’s dairy giant, Almarai Co., lost 2.4 percent after leading the losses
RIYADH: Saudia Dairy and Foodstuff Co., or SADAFCO, reported a 28.6 percent decline in profit during the nine months ending Dec. 31, 2021. Profits dropped to SR146 million ($38.9million), compared to SR205 million in the corresponding period a year earlier, the company announced in a bourse statement. SADAFCO attributed the lower profit figures to lower sales volumes driven by