RIYADH: Saudi Arabia’s main index ended the last session of the week in red, with investors remaining concerned about the country’s annual inflation rate which increased to a 15-month high of 3.1 percent in September. The Tadawul All Share Index dipped 1.12 percent to end at 11,421, while the parallel market Nomu gained 0.23 percent to finish at 19,769. Saudi oil giant Aramco
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 main stock index gained 0.3 percent on Tuesday, buoyed by chemical giant Saudi Basic Industries Corp. which posted higher second-quarter profits. TASI closed the session at 12,330, while the parallel Nomu market added 0.6 percent to 22,199. Abu Dhabi and Dubai advanced by 0.2 and 1.1 percent, respectively, while Qatar, Oman, and Kuwait all lost between
RIYADH: Saudi stocks market started flat on Wednesday as investors await inflation data and additional earnings reports. As of 10:07 a.m. Saudi time, the Saudi benchmark index TASI and the parallel market Nomu traded at 12,336 and 22,201, respectively. The Kingdom’s oil giant Saudi Aramco dropped 0.13 percent, while the country's biggest lender Saudi National Bank gained 0.41