RIYADH: Saudi Arabia’s main index declined for the second consecutive day as a result of mixed earnings announcements. The Tadawul All Share Index fell 1.46 percent to end at 11,798, while the parallel market Nomu dropped 1.12 percent to finish at 19,714 Saudi oil giant Aramco ended the session 1.82 percent lower, while Rabigh Refining and Petrochemical Co. decreased 2.27
RIYADH: Saudi-listed Yanbu National Petrochemical Co., known as Yansab, reported a 44 percent profit drop to for the first half of 2022, weighed down by higher costs. The firm, a subsidiary of Saudi Basic Industries Corp., posted profits of SR571 million ($152 million), compared to SR1.1 billion in the same period a year earlier. In a filing to the Saudi Exchange, Yansab said
RIYADH: Saudi Arabia's stock market gained on Sunday as the non-oil private sector continued to grow in May in spite of rising output costs. The main index, TASI, closed 0.40 percent higher at 12,656 , while the parallel market, Nomu, closed 1.30 percent lower at 22,547. Qatar's stock exchanges gained in line with Saudi Arabia, as the QSI index gained 0.1 percent, while
RIYADH: Saudi Arabia’s main stock market extended gains on Sunday, tracking a rise in oil prices last week. TASI was up 0.5 percent to 13,682 at the closing bell, with Saudi Arabia’s largest valued bank Al Rajhi touching its highest level since its market debut of SR177.6 ($47.4). The parallel Nomu market closed 0.9 percent lower at 24,193. Elsewhere in the GCC, stock
RIYADH: Saudi-listed Yanbu National Petrochemical Co., known as Yansab, reported a 33 percent drop in profits during the first quarter of 2022, due to higher costs. Half-owned by chemical giant Saudi Basic Industries Corp, Yansab recorded profits of SR283 million ($76 million), compared to SR420 million a year earlier, according to a bourse filing. That said, revenues surged