RIYADH: Saudi Arabia’s Tadawul All Stock Index on Thursday continued its lackluster stride for the second day in a row as it shed 61.15 points or 0.59 percent to close at 10,215.79 as investor mood remained muted. Despite the market breadth being pegged positively, with 117 stocks of the listed 221 gaining and 86 losing, and 13 out of the 22 indices closing in black, the
RIYADH: Saudi Arabia’s benchmark index, known as the Tadawul All Share Index, started showing signs of recovery on Thursday, after falling to a 19-month low on Wednesday. On Thursday, TASI gained 61 points to close at 10,246, while the parallel market Nomu closed at 18,767, up 39 points. Of the 219 companies listed in TASI, 123 advanced, while 80 declined. On Thursday, share
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RIYADH: Saudi stocks closed higher on Tuesday, with gains registered by major companies including the Almunajem Foods Co., and Bank Albilad. At the closing bell, the Saudi main index, TASI, closed 1.21 percent higher at 13,646. Nomu, the parallel market, gained 0.92 percent to reach 24,268. Almunajem Foods Co. gained 9.97 percent to lead the gainers, while Saudi Cable Co. fell
Abu Dhabi and Dubai stocks ended the week on a high note with high-profile stocks leading, while petrochemical stocks pushed down the Saudi index ahead of an OPEC+ announcement on oil output guidance for the weeks ahead.
Abu Dhabi Securities Exchange gained 0.5 per cent to 5,942 points in what was its fifth rise in as many days, which helped the index close out the best week in months with a 3.8 per cent gain. Gulf Pharmaceutical Industries advanced a further 2.5 per cent after posting massive gains in recent trades, which followed its signing of a deal to manufacture COVID-19 vaccine.
Others to make gains were International Holding, Abu Dhabi Islamic Bank and Dana Gas, but the biggest single boost came in from Etisalat, which firmed up 1.9 per cent to Dh22.1. The telco has been one of the top gainers on the index so far this year as it continued to command investor confidence in its future and which was backed by robust earnings and one of the best dividend payouts.