RIYADH: Saudi stock started Monday’s session flat with the market uncertain over oil price fluctuations. As of 10:07 a.m. Saudi time, TASI and the parallel market Nomu opened at 12,227 and 21,780, respectively. Middle East Paper Co. topped the gainers with a 5.51 percent gain, following a 216 percent increase in first-half profits. Wafrah for Industry and Development Co.
RIYADH: Saudi-based dairy giant Almarai has re-elected Prince Naif bin Sultan bin Mohammed bin Saud Al-Kabeer as board chairman and Suliman Al Muhaideb as vice chairman. The new term takes effect from Aug. 7 and will last for three years, according to a bourse filing. Last month, the dairy giant announced strong results as it recorded an 8.4 percent increase in profit for the
RIYADH: Saudi Arabia’s benchmark index ended Monday higher after a wave of earnings reports boosted investor sentiment. The Tadawul All Share Index added 0.66 percent reaching 12,297, while the parallel market, Nomu, climbed 1.36 percent at 22,072. The Saudi British Bank climbed 1.44 percent, while the Kingdom’s oil giant Saudi Aramco added 0.13 percent. The Saudi National
RIYADH: Saudi stocks started the week lower on Sunday, after worries over recession pushed oil prices to their lowest levels since February. TASI closed 0.6 percent down at 12,216 points, while the parallel Nomu market lost 0.3 percent to 21,776 points. The Kingdom posted a SR77.9 billion ($20.8 billion) budget surplus during the second quarter of 2022, the Ministry of Finance