RIYADH: Saudi stocks closed higher for the second straight day on Monday, as positive market movements drove the market higher. As of the closing bell, the main index, TASI, rose 1.39 percent to 12,590 points while the parallel market, Nomu, gained 0.28 percent at 25,022 points Scientific and Medical Equipment House Co. led the gainers with a 30 percent increase. Rabigh
RIYADH: Saudi Arabia’s Scientific and Medical Equipment House, SMEH, topped the gainers on Saudi Arabia’s main index, TASI, on its first-day listing, with shares jumping 30 percent. Amid trading of almost 7 million shares on Monday, the stock hit SR67.6 ($18), after the final offer price was set at SR52. This follows strong demand from institutional investors who had earlier
RIYADH: Saudi stocks closed the previous trading week lower in line with a global stock market turmoil caused by the launch of a full-scale Ukraine invasion by Russian troops. At Thursday's close, TASI and the parallel market Nomu both lost 1.8 percent to 12,297 and 24,942 points, respectively. On the main market, shares in Saudi Aramco soared to the highest level since
RIYADH: Saudi Arabia’s stock market closed the previous session lower, as investors stepped back to lock their gains after a multi-day rally. TASI, the main index, edged down by 0.82 percent to 12,192 points, dragged down by some of the Kingdom’s major players. Similarly, the parallel Nomu market dropped by 1.46 percent, reaching 25,186 points. Apart from the Saudi exchange,