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Closing bell: Saudi stocks remain steady; TASI edges down 0.02%

RIYADH: Saudi Arabia’s Tadawul All Share Index lost 2.38 points or 0.02 percent to close at 11,135.67 on Monday. While the parallel market Nomu shed 45 points to close at 21,007.84, the MSCI Tadawul Index edged down by 0.58 percent at 1,483.55. The total trading turnover of the benchmark index was SR4.76 billion ($1.27 billion) as 111 listed stocks advanced, while 95 ....

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Concord Hospitality Buys Cambria Hotel in Chelsea for $48M

Concord Hospitality bought the 135-key Cambria Hotel New York it operates in Chelsea for $48.4 million. ....

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Concord Hospitality Buys Cambria Chelsea Hotel for $48M

Concord Hospitality Buys Cambria Chelsea Hotel for $48M
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Here's what you need to know before Tadawul trading on Tuesday

RIYADH: Saudi Arabia’s main index returned to the 12000-point level on the back of a recovery in crude oil prices. Oil prices rose over $1 a barrel on Monday before dropping in volatile Tuesday trade as worries over lower China demand mounted. Brent crude futures edged down to $93.89 a barrel by 9:03 a.m. Saudi time. US West Texas Intermediate crude reached $87.77 a barrel. ....

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

RIYADH: Saudi Arabia’s main stock index, TASI, logged a monthly gain of 5.9 percent in July following two straight months of losses, bolstered by rising oil prices. TASI rose 0.4 percent in the previous session to exit the month at 12,199, and the parallel Nomu market added 2 percent to 21,391. This came in line with gains in fellow Middle Eastern bourses on Sunday, led by ....

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