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RIYADH: Saudi Arabia’s Tadawul All Share Index snapped its three-day rally by falling 129.04 points or 1.21 percent on Wednesday to close at 10,516.90, burdened by the concerns of a sharp fall in crude oil prices and lingering demand concerns. Brent LCOc1 futures fell 2.3 percent or $1.88 to $80.22 a barrel by 1:32 p.m. Riyadh time, even as US crude CLc1 slipped 2.2 ....
RIYADH: Al-Othaim Markets added 18 branches in the first half of 2022 as it prepares to sell its entire stake in its investment firm for SR846 million ($226 million), Vice Chairman Bader Al-Aujan told CNBC Arabia. The opening of the new branches led to the Saudi retail giant incurring expenses of SR70 million in the first half of the year. Al-Othaim has already accepted the ....
RIYADH: Saudi Arabia’s stock market closed the previous week at one of its lowest levels in years on the back of rising recession fears. TASI, the main index, ended Thursday’s session 1.1 percent lower at 11,163 points, after closing at 11,417 prior to the Eid Al-Adha holiday. Elsewhere in the Gulf, Abu Dhabi, Dubai, and Oman advanced by 0.9, 1.3 and 0.7 percent, respectively, ....