RIYADH: Saudi stocks ended the week’s final trading session on a high note as crude oil prices hold strong above $100 a barrel. The Tadawul All Share Index climbed 1.19 percent to finish at 12,591, while the parallel Nomu market settled flat at 21,631. Oil prices continued to skyrocket this week with Brent increasing to $101.83 a barrel, while US West Texas Intermediate
RIYADH: Saudi stocks started the final session of the week higher on Thursday, tracking the recovery in oil prices which have passed $100 a barrel. The main index, TASI, began 0.42 percent higher at 12,496, while the parallel Nomu market opened flat at 21,621, as of 10:08 a.m. Saudi time. In energy trading, Brent crude increased to $101.44 a barrel, while US West Texas
RIYADH: Saudi Arabia’s main stock market ended Monday with another steep decline, as concerns over the global economy and mixed earnings reports tempered investor optimism. TASI lost 0.8 percent to 12,235, while the parallel market Nomu added 0.15 percent to 22,363. Dubai’s stock market led the fall in the Gulf as it shed 2.5 percent, followed by indexes of Abu Dhabi and
RIYADH: Raydan Food Co.’s losses narrowed by 49 percent in the first quarter of 2022, helped by higher sales and revenues. Net losses reached SR4.7 million ($1.3 million) in the first quarter of 2022, from SR9.2 million in the prior-year period, according to bourse filing. The company attributed the results to an increase in quarter one revenue by 14 percent to SR37,338. In a
RIYADH: One of Saudi Arabia's most popular local food chains isn't doing well even as it reduced losses. Raydan Food Co, which is known for its meat and rice dish reported its accumulated losses by end of 2021 hit SR158 million ($42 million) or 46.7 percent of the capital. The company’s losses are mainly stemming from the decline in value of right-of-use assets, in addition to