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Closing bell: Saudi benchmark index continues its upward momentum, edges up 0 28%

RIYADH: Saudi Arabia’s Tadawul All Share Index on Tuesday gained 29.83 points or 0.28 percent to close at 10,795.60. While MSCI Tadawul 30 Index edged up 3.37 points to close at 1,495.84, the parallel market Nomu slumped 187.73 points to end at 19,164.59. TASI’s total trading turnover of the benchmark index on Tuesday was SR3.57 billion ($950 million), with 112 stocks of

Closing bell: Saudi bourse rises 42 points to close at 10,766 points

RIYADH: Saudi Arabia’s Tadawul All Share Index on Monday gained 41.15 points or 0.38 percent to close at 10,765.77. While MSCI Tadawul 30 Index edged up 5.96 points to close at 1,492.47, the parallel market Nomu slumped 104.49 points to end at 19,352.32. TASI’s total trading turnover on Monday was SR3.43 billion ($910 million), with 91 stocks of the listed 223 advancing

Closing Bell: Saudi bourse catches dreary global cues, falls 105 points

RIYADH: Saudi Arabia’s benchmark index fell 105.12 points or 1.04 percent on Monday, to close at 10,033.19, trailing the major global indices that plunged in anticipation of the US consumer index report to be released on Tuesday. The apprehension emerges from the US wholesale inflation figures that have been rising for the last two months, and Federal Reserve could hike

Marketing firm Tihama receives CMA s approval for 700% capital hike

RIYADH: Tihama Advertising and Public Relations Co.’s shares soar in early trading, after receiving the Capital Market Authority’s clearance to increase its capital by 700 percent. Tihama’s shares jumped 9.81 percent, leading the market’s gainers at SR105.20 ($28), as of 10:15 a.m. Saudi time. The marketing firm’s capital will be increased from SR50 million to SR400 million,

TASI ends the week lower on watch of unstable oil prices: Closing bell

RIYADH: Saudi Arabia’s main index ended the last trading session of the week lower as investors kept a keen eye on the unstable oil prices this week. The Tadawul All Share Index slipped 0.11 percent to end Thursday at 11,757, while the parallel market Nomu finished almost flat at 20,223. In the energy sector, Brent crude reached $93.22 per barrel, while WTI crude traded at

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