RIYADH: Shares of Al Sagr Cooperative Insurance Co. and Gulf Union Al Ahlia Cooperative Insurance Co. were flat on Tuesday, opening at SR9.79 ($3) and SR9, respectively, after they signed an memorandum of understanding to discuss a potential merger between the two companies. After the proposed merger is completed, Gulf Union Alahlia will issue new shares to Al Sagr Insurance
RIYADH: Saudi Arabia’s stock exchange started the day almost flat on Thursday, as stocks of the oil-rich nation tracked a volatile trend in the energy market. Oil rose in early trade but then slightly eased back, as worries over tight supply chains intensified amid ongoing geopolitical tensions. Brent crude hovered near $120.93 per barrel, while US WTI crude oil reached
RIYADH: Saudi stocks recorded gains on Wednesday, with oil prices back on the rise and most global markets ending in the green despite ongoing geopolitical woes. TASI, the main index, extended gains by 0.5 percent to 12,944 points, and the parallel market, Nomu, rose 0.2 percent to 24,478. All fellow GCC bourses were up, but the Omani index bucked the trend as it dropped 0.9
RIYADH: Saudi Arabian stocks wrapped up the trading week with gains, mirroring a strong oil market despite ongoing geopolitical tensions. TASI finished the week 1.4 percent higher after trading almost flat at 12,948 points in Thursday’s session, which saw the parallel market, Nomu, drop 1.7 percent to 24,067. As worries over tight supply chains intensified, Brent crude hovered
RIYADH: Saudi Arabia’s stock exchange saw a volatile, mixed performance on Tuesday while traders continued to assess the impact of the ongoing Ukraine-Russia war and the jump in oil prices. As the US decided to ban Russian imports, oil prices soared to their highest levels in years, with Brent crude hovering near $130 a barrel. TASI, the main index, closed higher for the