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Closing bell: TASI dips for 2nd day in a row, closes at 11,413 arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
RIYADH: Arabian Food and Dairy Factories Co. lost SR198,825 ($52,929) in the first half of 2022, wiping out profits of SR3.6 million ($963,281) it made in the first half of last year. Despite making losses, FADECO recorded 9.4 percent revenue growth to SR27 million during the first six months of the year, according to its bourse filing. The Saudi ice cream manufacturer credits ....
RIYADH: Saudi stocks dipped on Tuesday, as oil prices lost over $7 a barrel on inflation-driven fears over a potential global recession and fuel demand. The Kingdom’s main index TASI ended 0.6 percent lower at 12,455, while the parallel market Nomu advanced 0.4 percent to 21,595. In Dubai and Bahrain, the DFMGI and BAX indexes added 0.8 percent and 0.1 percent, respectively. ....
RIYADH: The Saudi stock market started Wednesday's session flat as investors watched oil prices fluctuate. The Tadawul All Share Index and the parallel Nomu traded at 12,455 and 21,613, respectively, as of 10:08 a.m. Saudi time. In the same direction, Saudi Aramco started flat, while Methanol Chemicals Co. fell 0.52 percent. Saudi Telecom Co. gained 1.68 percent, after its ....
RIYADH: Saudi stocks reversed losses to close Monday’s session higher, as investor sentiment was boosted by positive earnings from listed companies. TASI, the main index, edged up 0.23 percent to 12,543, while the parallel market, Nomu, gained 0.3 percent to 22,110. The Saudi index outperformed peers in the Gulf, with most markets finishing lower on Tuesday. Qatar, Abu Dhabi, ....