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Closing Bell: Saudi main index rises to close at 11,931

Closing Bell: Saudi main index slips to close at 11,081

Closing bell: TASI hits a speed bump, closes flat at 10,419 points

RIYADH: Saudi Arabia’s Tadawul All Share Index on Sunday gained 7.28 points or 0.07 percent to close at 10,419.44. While MSCI Tadawul 30 Index also ended flat at 1,424.75, the parallel market Nomu closed 0.88 percent higher at 19,536.84. TASI’s total trading turnover of the benchmark index was SR2.69 billion ($720 million) as 95 stocks of the listed 224 advanced and 105

TASI declines on inflation data that sparks investor fears: Closing bell

Saudi insurance sector eyes more mergers and acquisitions

2021-05-24T17:28:00+01:00 The Kingdom’s insurance sector closed the financial year 2020 on a high note with the aggregate net profit of local insurance firms, except for the Saudi Indian Company for Cooperative Insurance, rising to SR1.443 billion ($0.38 billion) in Q4, an increase of 47 percent year-on-year, according to data compiled by the financial news service Argaam. There were 13 insurers recording higher profits in 2020, led by the Mediterranean and Gulf Insurance and Reinsurance Co., which surged 1,081 percent, the Saudi Arabian Cooperative Insurance Co., which increased 545 percent, and the Gulf General Cooperative Insurance Co. which saw net income up 397 percent. The sector finished out the tough year on a high note mainly thanks to government support.