RIYADH: Saudi stocks reversed the prior session’s losses to start the week higher on Sunday, after oil giant Aramco beat analysts’ expectations with record profits. The main TASI index closed 2.5 percent higher at 13,149, and the Kingdom’s parallel Nomu market was up 0.9 percent to 22,845. Shares of Aramco surged 4.2 percent intraday in response to an 82-percent increase in
RIYADH: The Saudi Steel Pipe Co. has closed a deal to supply Uruguay’s Tenaris Global Services with oil and gas steel pipes. With orders valued at SR139 million ($37 million), the transaction’s financial impact is expected to roll out in the second half of this year, the Saudi-based pipe manufacturer said in a bourse filing. Back in 2019, Tenaris, a global supplier of steel
RIYADH: Saudi Arabia’s main stock market closed higher on Wednesday to lead the GCC, as investor sentiment was buoyed by strong earnings results. TASI the main index advanced 1 percent to 13,643, and the parallel market Nomu slipped 0.1 percent to 23,634. Dubai recorded the second-highest gains among GCC members as it added 0.6 percent. Abu Dhabi, Oman, and Kuwait’s bourses
RIYADH: Saudi Arabia’s main stock market opened higher on Thursday, as investor sentiment was buoyed by strong quarterly earnings results. TASI the main index advanced 0.5 percent to 13,717, while the parallel market Nomu slipped 0.05 percent to 23,622 at 10:12 a.m. Riyadh time. Oil giant Aramco, which is the heaviest weight on TASI, gained 0.7 percent, and the Kingdom’s
RIYADH: The main Saudi index on Wednesday opened higher for the second day in a row, as oil prices continue their upward surge. Brent crude spiked to 8-year high reaching $110.11 per barrel, while US benchmark WTI crude oil hit a 7-year high at $111 per barrel earlier on Wednesday. TASI opened 0.31 percent higher at 12,713, while the parallel market , Nomu, traded 0.3 0