RIYADH: Saudi Arabia’s benchmark index fell on Sunday as investors shied away from the market due to dampening business sentiment and uncertainty in global demand. The Tadawul All Share Index fell 142 points to close at 10,796, while the parallel market, Nomu, plunged 300 points to finish at 18,866. Of the 219 companies listed on TASI on Sunday, 33 advanced, while 173
RIYADH: Saudi Arabia’s main index declined for the fourth consecutive day, dragged down by poor earnings announcements and a 23 percent drop in profit by Tadawul Group, the owner of the Kingdom’s bourse. The Tadawul All Share Index fell 0.66 percent to end at 11,632, while the parallel market, Nomu, dropped 1.22 percent to finish at 19,606. Saudi Tadawul Group Holding Co.
RIYADH: Saudi-listed Nama Chemicals Co. posted a 124 percent profit jump in the first nine months of 2022. Its profit peaked at SR55 million ($15 million), compared to SR24 million in the prior-year period, according to a bourse filing. The profit hike was coupled with an increase in revenue of 9 percent to SR460 million compared to the same period of last year. The firm
RIYADH: Saudi stocks settled higher on Thursday, following a 0.75 percent interest rate hike by the Gulf Cooperation Council's central banks on Wednesday. The rise was bolstered by banking stocks after posting strong earnings for the first half of 2022. The main index, TASI, was up 0.9 percent to 12,155, while the parallel Nomu market ended 0.6 percent higher at 20,952. Gulf
RIYADH: Saudi-listed Nama Chemicals Co. saw its shares open stronger by 0.81 percent to SR43.25 in the early hours of Sunday trading, up from SR42.95 last Thursday, following a 207 percent profit jump in the first half of 2022. Its profit peaked at SR60 million ($16 million), compared to SR20 million in the prior-year period, according to a bourse filing. The profit hike was