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Saudi stocks lower amid inflation concerns: Closing bell

RIYADH: Saudi stocks closed lower on Sunday as inflation concerns rattled global stock markets, causing investors to remain cautious. The main index, TASI, dropped 0.75 percent to reach 12,334, while the parallel market, Nomu, lost 0.80 percent to reach 22,329. The Kingdom Holding Co. soared 9.90 percent, after Saudi Arabia's PIF acquired a 16.87 percent stake in the firm from ....

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Saudi Stock Market Companies Touch $613 Billion in Revenues

Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities ....

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

RIYADH: The Saudi main index TASI closed higher for a second straight day on Monday, up 0.7 percent to 13,483 points, while Nomu dropped 0.8 percent to 24,047. Most GCC stock exchanges ended higher tallying with Saudi Arabian markets. Dubai’s bourse led with gains amounting to 1.3 percent as investor sentiment was boosted ahead of the record listing of Dubai Electricity and ....

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PIF-owned SALIC buys 12.5% of NADEC shares

RIYADH: PIF-owned Saudi Agricultural and Livestock Investment Co. has completed a deal to acquire 12.66 million shares in National Agricultural Development Co., known as NADEC. This deal accounts for nearly 12.46 percent of NADEC’s total outstanding shares, which amount to 101.64 million, according to a bourse filing. SALIC is one of the main shareholders of NADEC which owns ....

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Saudi stocks slip in early trading even as oil gains: Opening bell

RIYADH: Saudi Arabia’s stock exchange started the session down on Thursday, as geopolitical tensions continued to weigh on investor sentiment. TASI snapped three straight days of gains as it slipped 0.14 percent to 13,236 points, and the parallel market, Nomu, shed 0.13 percent to 24,111 as of 10:17 a.m. Riyadh time. Leading utility provider ACWA Power Co. saw its shares dip ....

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