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TASI declines on growing inflation fears: Opening bell

RIYADH: Saudi Arabia’s main index started the week in the red, with investors remaining alarmed by the Kingdom’s annual inflation rate surpassing 3 percent for the first time in 14 months. The Tadawul All Share Index began the week with a 0.22 percent drop at 11,803, while the parallel market Nomu started with a 0.65 percent gain at 21,060, as of 10:09 a.m. Saudi time. Saudi

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Saudi Paper Manufacturing gets CMA approval to lift capital to $90m

Saudi Paper Manufacturing gets CMA approval to lift capital to $90m
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Saudi Paper Manufacturing set to deliver positive results in Q3: CEO

RIYADH: Saudi Paper Manufacturing Co. is expected to deliver positive results in the third quarter after a solid second-quarter performance the company's fourteenth consecutive quarter of positive results, CEO Yousseri El Bishry told Argaam. Earlier this week, the company announced its second-quarter result, reporting a net profit increase of 39 percent to SR21 million ($5.6

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Here s what you need to know before Tadawul trading on Monday

RIYADH: Saudi Arabia’s stock exchange ended its five-day winning streak to close slightly lower on Sunday, tracking Friday’s drop in oil prices. TASI, the main index, edged down 0.11 percent to 11,975, while the parallel Nomu market rose 0.46 percent to 21,056. Fellow GCC bourses were mixed. Bahrain led the gainers as it added 0.7 percent, Oman and Qatar followed with a 0.6

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TASI starts lower following oil price drop: Opening bell

RIYADH: The Saudi main index opened lower on Monday, in line with falling oil prices triggered by concerns over the expected US interest rate rise. Brent crude fell to $102.43 a barrel, while US West Texas Intermediate fell to $$93.87 a barrel, as of 10:03 a.m. Saudi time. TASI edged down 0.18 percent at 11,954, while the parallel market, Nomu, started flat at 21,067 as of

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