RIYADH: In the previous trading session, Saudi bourse’s main stock index TASI retreated 0.5 percent to 11,204 points and the parallel market Nomu lost 2.75 percent to close at 26,409 points, despite five consecutive days of gains. That said, it is noteworthy that many stocks saw gains following their year-end dividend distribution announcements, with the Saudi Investment Bank,
RIYADH: Tadawul’s main stock index TASI edged up slightly by 0.09 percent to close at 11,170 points, after recouping early trading losses. The parallel market Nomu rose 1.2 percent to 27,377 points. Shares of Almunajem Foods led TASI higher, soaring 5.67 percent to SR63.4 ($16.89) on debut, with over 14 million shares traded intraday. Banque Saudi Fransi gained 4.5 percent,
RIYADH: Tadawul’s TASI fell slightly in morning trading, down 0.2 percent to 10998.21 points, while the parallel market Nomu declined 0.52 percent to 24021.83 points, partly giving up budget surplus related gains. The biggest moving stocks of the day so far were Tourism Enterprise Co., Al-Baha Investment and Development Co., and CHUBB Insurance Co., up 9.89 percent, 9.05
10.13 Saudi time: RIYADH: With most of the stocks on the index starting the day in the green zone, Tadawul’s TASI rose 0.39 percent in early trading. Sadr Logistics and Naseej International Trading Co. led the top gainers, with Sadr reaching another record high of SR124 ($33). Naseej’s gains were attributed to its recent decision to raise SR150 worth of capital to limit the
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