RIYADH: Saudi Arabia’s main stock market advanced on Tuesday, recovering some momentum after dropping to its lowest level in six months earlier this week. The main TASI index added 2.6 percent to 11,659, propelled by gains in some of its biggest players including Saudi Aramco and Al Rajhi Bank, while the parallel market Nomu lost 0.8 percent to 20,875. With Saudi Arabia
RIYADH: Saudi Arabia’s stock market closed lower for a second consecutive session on Sunday as investor sentiment was dragged down by weak earnings results. The main index TASI dropped 0.8 percent to reach 12,334, while the parallel market Nomu lost 0.8 percent to 22,329. Kingdom Holding Co. soared 9.9 percent after Saudi Arabia's Public Investment Fund acquired a SR5.7
RIYADH: Nayifat Finance Co. has announced the resignation of its CEO Abdulmohsen Abdulrahman Musaed Al-Sowailem. Al-Sowailem, who also held the position of managing director, has resigned from his membership in the board of directors and committees due to “his personal circumstances,” it said in a bourse filing The company said it will announce any further developments
RIYADH: Saudi Arabia’s main stock market closed higher on Wednesday to lead the GCC, as investor sentiment was buoyed by strong earnings results. TASI the main index advanced 1 percent to 13,643, and the parallel market Nomu slipped 0.1 percent to 23,634. Dubai recorded the second-highest gains among GCC members as it added 0.6 percent. Abu Dhabi, Oman, and Kuwait’s bourses