RIYADH: The Saudi main index ticked up on Thursday, but September still marked a dismal month for the stock exchange, marked by persistent inflation, unstable gas prices, and aggressive Fed hikes. The Tadawul All Share Index ended September dropping 7 percent over the course of the month to reach 12,283 at the closing bell of Thursday’s session. This is despite closing the
RIYADH: Saudi Paper Manufacturing Co. has signed an agreement with Italy-based Toscotec for the production and supply of a tissue paper production line for the total cost of SR166 million ($44 million). The deal is part of a letter of understanding both companies signed in June to purchase the fifth production line in Dammam 2nd Industrial City, which will produce tissue rolls
RIYADH: The Saudi main index ticked up in its first trading session of October as investor recession fears subsided. The Tadawul All Share Index ended 0.72 percent higher to reach 11,487; the parallel market Nomu edged 0.34 percent higher to 19,939. Saudi oil giant Aramco ended with a 0.28 percent decline, while Rabigh Refining and Petrochemical Co. edged up 1.31 percent. The
RIYADH: Saudi Arabia’s main index gained momentum after dropping below 11,000 points on Monday on fears of a global recession sparked by aggressive monetary tightening around the world. The Tadawul All Share Index gained 1.04 percent to reach 11,022 in early trade on Tuesday, while the parallel market Nomu started almost flat at 19,723, as of 10:08 a.m. Saudi time. Saudi oil
RIYADH: Saudi Arabia’s main index dropped below 11,000 points for the first time in nearly nine months thanks to falling oil prices and global recession fears. The Tadawul All Share Index dipped 2.26 percent at the end of Monday’s trade, reaching 10,909 for the first time since Dec. 12, while the parallel market Nomu shed 0.84 percent to 19,708. The UAE’s indexes tumbled in