RIYADH: The Saudi main index, TASI, closed higher on Monday, while parallel market, Nomu, was down. At the closing bell on Monday, TASI was up 0.60 percent to reach 13,543. Nomu slid 1.30 percent at 23,521. Bank Albilad rose 7.00 percent to lead the gainers, followed by Banque Saudi Fransi which was up 5.56 percent. Wataniya Insurance Co. was down 9.95 percent to lead the
RIYADH: Saudi stocks were down during the early trading session on Thursday as investors awaited a new set of corporate results to determine the effects of inflation. The main index, TASI, fell 0.27 percent to 13,503, while the parallel market, Nomu, opened flat at 24,299, as of 10:09 a.m. Saudi time. Wataniya Insurance Co. jumped 9.96 percent, as it announced getting its
RIYADH: Saudi Arabia’s main stock market closed lower in the previous trading session, following a multiday rally. At the closing bell, TASI was down 0.8 percent to 13,540 points, while the parallel market, Nomu, gained 0.2 percent to reach 24,311. Stock exchanges in Dubai, Qatar, Oman, and Kuwait all rose between 0.3 and 0.6 percent, while those of Abu Dhabi and Bahrain ended
RIYADH: Saudi stocks closed higher on Thursday, as several major companies including Wataniya Insurance Co. registered gains. At the closing bell, the Saudi main index, TASI, closed 0.6 percent higher at 13,621. The parallel market Nomu gained 0.44 percent to reach 24,418. Wataniya Insurance Co. gained 9.96 percent to lead the gainers, while Saudi Reinsurance Co. fell 2.18
RIYADH: Wataniya Insurance Co.’s shares soared nearly 10 percent to lead the gainers on TASI on Thursday, after the firm's shareholders approved the board’s proposal to double its capital. The Jeddah-based insurer’s share price now stands at SR22.5 ($6) with a market capitalization of SR450 million, up from SR20.5 in the previous close. In a bid to support future growth and