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Closing bell: Saudi stocks rebound on rising investors' morale

RIYADH: After ending last week’s trading session in the red, the Tadawul All Share Index edged up 0.32 percent to close at 11,307.77 on Sunday. The parallel market Nomu also ended the day 9.83 points higher at 21,331.91 and the MSCI Tadawul Index climbed up by 0.36 percent to 1,524.68. The total trading turnover at the benchmark index amounted to SR5.2 billion ($1.39 billion). ....

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Closing bell: TASI topples for the third consecutive session; sheds 116 points

RIYADH: Saudi Arabia’s Tadawul All Share Index lost 116.43 points or 1.13 percent to close at 10,153.30 on Thursday, extending Tuesday’s 101 points and Monday’s 122 points topple, after the bourse was closed on Wednesday. While MSCI Tadawul 30 Index fell 1.23 percent to 1,383.84, the parallel market Nomu ascended 0.58 percent to 19,128.36. TASI’s total trading turnover was ....

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Level Up PR LLC: Budget Saudi Announces a 4% Rise in Net Profit in 2022

Jeddah, Saudi Arabia (Newsfile Corp. - August 23, 2022) - One of the biggest car renting and leasing companies of the Middle East, United International Transportation Co. aka Budget Saudi, declares ....

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Here's what you need to know before Tadawul trading on Sunday

RIYADH: Saudi stocks settled higher on Thursday, following a 0.75 percent interest rate hike by the Gulf Cooperation Council's central banks on Wednesday. The rise was bolstered by banking stocks after posting strong earnings for the first half of 2022. The main index, TASI, was up 0.9 percent to 12,155, while the parallel Nomu market ended 0.6 percent higher at 20,952. Gulf ....

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Car rental firm Budget Saudi posts 5% profit growth to $33m on higher revenue

RIYADH: Car rental company Budget Saudi saw its share rise by 1.15 percent to SR48.50, as of 10:27 a.m. Saudi time following the announcement of its first half result. The company posted a slight profit surge of 5 percent to SR123 million ($33 million) for the first half of 2022. This was an increase from SR117 million in the prior-year period, according to a bourse filing. ....

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