RIYADH: With earnings season approaching for the Kingdom’s listed companies and as oil prices dipped, Saudi stocks closed Wednesday’s trading session down. TASI lost 0.48 percent to 13,038 points, reversing three days of gains, while the parallel market, Nomu, shed 0.34 percent to 24,942. In tandem with the Saudi index, most stock exchanges in the GCC slipped, including Abu
RIYADH: Saudi Arabia’s stock market closed higher on Sunday, propelled by bumper financial results that beat analysts’ forecasts for oil giant Aramco. TASI added 0.83 percent to 12,875 points, with Aramco soaring 3.35 percent to near a record high as profits surged 124 percent to SR412 billion ($110 billion). With the latest share hike, the oil giant approached $2.31 trillion
RIYADH: Saudi stocks started the trading week lower, tracking fellow Middle Eastern bourses even as the Kingdom's listed companies witnessed a strong earnings season. The main index TASI ended Sunday’s session marginally lower at 12,463 points, and the parallel market Nomu was down 0.5 percent to 25,111. Saudi Parts Center Co. and Raoom Trading Co. will debut on Nomu today. In
RIYADH: As investor sentiment was fueled by strong earnings, Saudi Arabia’s main TASI index neared 12,500 points last week for the first time since 2006. At Thursday's closing bell, TASI edged slightly lower to end at 12,476 and the parallel Nomu market was down 0.23 percent to 25,228. Shares in recently listed Elm Co. a digital security firm owned by the Kingdom’s wealth
RIYADH: Saudi Parts Center Co. will start trading on the Saudi stock exchange’s parallel market Nomu on Monday, Feb. 21, as announced by the bourse. The registration document for direct listing of 3 million shares was released on Jan. 23, setting the price guidance per share at SR49 ($13). The Riyadh-based company received the Saudi stock market regulator’s approval for