RIYADH: The Saudi stock market rebounded slightly from two consecutive days of losses as it saw a series of dividend announcements earlier today. As of 10:17 a.m. Saudi time, the main index TASI went up by 0.5 percent to 11,217 points, while the parallel market Nomu rose 0.27 percent to 26,308 points. The top gainer as of morning trading was Wafrah for Industry Co. which
RIYADH: The Kingdom’s stock exchange saw gains on Tuesday with most of the stocks ending in green territory after recouping two-day losses, thus reviving investor optimism despite omicron worries. Both Saudi indexes – TASI and Nomu – ended the session higher, up 1.4 percent and 1.8 percent to 11,315 and 26,705 points, respectively. The latest gain put TASI on the road to
Here’s a wrap of market movements and key earnings as of 10:30am Riyadh time: SABIC Agri-Nutrients net profit more than doubled to SR2.47 billion ($658.6 million) in the first nine months of 2021. Banque Saudi Fransi net profit rose by 69 percent to SR2.457 billion in the first nine months of 2021. Ash-Sharqiyah Development widens net loss to SR3.5 million in the first nine
DUBAI: The Saudi Automotive Services Co (SASCO) has opened eight new fuel stations across the Kingdom, the company said in a Tadawul filing. The new stations include convenience stores, restaurants, and coffee shops, the company said. Regional gas stations operators have been investing heavily in their retail segments in order to boost profit margins beyond the sale of