RIYADH: Saudi stocks moved higher in the early trading hours of Monday, with oil prices staying above $100 per barrel. The Tadawul All Share Index began 0.29 percent higher at 12,562, while the parallel Nomu fell 0.22 percent at 21,714 as of 10:08 a.m. Saudi time. Oil giant Saudi Aramco started the session with a 0.39 percent gain, while Methanol Chemicals Co. added 0.51
RIYADH: The Saudi stock market mimicked global counterparts with stocks ending almost flat on Monday, as investors worry about inflation-related economic slowdowns. The Tadawul All Share Index ended at 12,530, while the parallel Nomu fell 1.16 percent at 21,510. Oil giant Saudi Aramco ended the session with a 0.65 percent decline, while Methanol Chemicals Co. declined 0.13
RIYADH: Saudi Arabia's main benchmark index ended lower for a second consecutive day on Wednesday, tracking a drop in oil prices. TASI slipped 0.2 percent to 12,291 while the parallel market, Nomu, added 1 percent to 21,758. Dubai, Abu Dhabi, and Bahrain declined in line with Saudi Arabia, losing between 0.2 and 0.5 percent. The Kuwaiti bourse ended flat, while stock exchanges
RIYADH: Saudi Methanol Chemicals Co.’s profit surged 116 percent in the first half of 2022, supported by a rise in sales. In a bourse filing, the company, better known as Chemanol, said higher average selling prices and its continued efforts to explore new markets with higher profit margins led to an increase in profit to SR195 million ($52 million) from SR90 million a year
RIYADH: Saudi Arabia’s stock market recovered slightly on Sunday after hitting its lowest level in more than six months on Thursday. The main index TASI advanced 1.2 percent to 11,292, rising from 11,163 points in the prior session, while the parallel Nomu market was up 0.2 percent to 20,611. The improved performance was supported by Friday’s oil gains in response to reports