RIYADH: Saudi Arabia’s main stock index opened lower on Thursday following a decline in the energy sector. As of 10:30 a.m. Saudi time, the main index – TASI – edged lower by 0.16 percent to reach 12,186, while the parallel market Nomu was up by 0.36 percent to reach 25,423. In the energy market, Brent crude settled at $91 per barrel, while US WTI crude traded at $89 per
RIYADH: Saudi Arabia’s stock market ended flat at the closing bell last Thursday as investors saw a wave of earnings announcements that led to cautious trading, despite a rally in the energy market. The main TASI index closed at 12,179 points and the parallel market Nomu ended at 25,660 points. Main indexes of Qatar, Oman, and Kuwait edged up between 0.1 and 0.2 percent, while
RIYADH: Methanol Chemicals Co., or Chemanol, has reversed its losses in 2021, recording a profit of SR244 million ($65 million), the Saudi company said in a stock exchange filing. A rise in average selling prices and the company’s continued efforts to explore new markets with higher profit margins contributed to the increase in net profit. The methanol manufacturer firm also
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