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Closing Bell: Saudi main index gains 47 points to close at 12,071 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: Saudi Arabia’s main index declined for the second consecutive day as a result of mixed earnings announcements. The Tadawul All Share Index fell 1.46 percent to end at 11,798, while the parallel market Nomu dropped 1.12 percent to finish at 19,714 Saudi oil giant Aramco ended the session 1.82 percent lower, while Rabigh Refining and Petrochemical Co. decreased 2.27 ....
RIYADH: Saudi Arabia’s largest food chain Herfy has posted a surge in profit of 11 percent in the first quarter, on the back of growth in sales of 5.5 percent. The company’s net profit amounted to SR28.4 million ($7.6 million) in the first quarter, compared to SR25.5 million in the same period a year earlier, according to a bourse filing. The hike was propelled by higher sales ....
Aqila Alasaeed RIYADH: Saudi stocks opened higher on Monday with investors buoyed by positive comments from ceasefire talks between Russia and Ukraine. The main index, TASI, rose 0.35 percent to reach 12,920, while the parallel market, Nomu, traded flat at 24,795, as of 10:08 a.m Saudi time. In the energy market, Brent crude gained $3.19 to $111.12 a barrel, while WTI crude ....
RIYADH: Saudi-listed food chain Herfy Food Services received a letter from a shareholder with over a five-percent stake requesting to hold a general assembly meeting to vote on sacking the chairman of the board, Moataz Al Azzawi. The shareholder also requested to vote on removing one of the members of the board, according to a bourse filing on Thursday. Shares in Herfy, which ....