RIYADH: Saudia Dairy and Foodstuff Co. saw a 43.5 percent surge in net profit during the final three months of 2022 on the back of rising sales, the company has announced. SADAFCO recorded a net profit after tax of SR78.3 million ($20.88 million) in the three months to the end of December, compared to SR54.6 million in the same period in 2021. Sales increased by 25.8 percent
RIYADH: Saudi Arabia’s benchmark index dialed up 82.60 points or 0.78 percent to close at 10,660.94 on Tuesday, as the monthly Purchasing Managers’ Index from Riyad Bank reported a sharp demand recovery and strongest job growth in almost five years. Tadawul All Share Index’s total trading turnover also increased to SR3.88 billion ($1.03 billion) from Monday’s SR3.67
RIYADH: Saudi Arabia’s main index finished higher again on the back of stronger earnings results and a spike in oil prices. The Tadawul All Share Index rose 0.57 percent to end at 12,075, while the parallel market Nomu shed 1.12 percent to finish at 19,780. Saudi oil giant Aramco ended the session flat, while Rabigh Refining and Petrochemical Co. decreased 2.05 percent. Saudi
RIYADH: Saudi Arabia’s benchmark index ended almost flat on Monday as oil price uncertainty continued to cloud investor minds. TASI finished at 12,560, while the parallel Nomu added 0.26 percent higher to finish at 21,724. In the energy market, Brent crude traded at $96.33 a barrel, while US West Texas Intermediate traded at $90.35 a barrel, as of 3:24 p.m. Saudi time. Oil
RIYADH: Saudi Arabia’s benchmark index opened the week lower following fluctuations in oil prices over the past week and higher inflation, dampening investor confidence. TASI started the week 0.2 percent lower at 12,621, while the parallel Nomu started 0.19 percent higher at 21,574, as of 10:05 a.m. Saudi time. In the energy market, Brent crude reached $96.72 a barrel last