RIYADH: Saudi Automotive Services Co posted a 73 percent increase in profit in the first nine months of 2022 on the back of soaring sales. SASCO’s net profit hit SR61 million ($16 million), up from SR36 million in the same period a year earlier, according to a bourse filing. The company attributed the profit hike to a 96 percent surge in revenue to over SR6 billion during the
RIYADH: Saudi Arabia’s main index fell for the third consecutive day, weighed down by a decline in Saudi National Bank, a dominant player in the Saudi stock market. The Tadawul All Share Index fell 0.76 percent to end at 11,709, while the parallel market Nomu gained 0.68 percent to finish at 19,849. Saudi National Bank, the Kingdom’s largest lender, shed 6.27 percent, after it
RIYADH: Saudi stocks slightly regained momentum on Sunday, lifted by a rebound in crude prices at the end of last week. Oil prices rose about 4 percent on Friday after dropping to a seven-month low earlier in the week, supported by threatened cuts to supply. The Kingdom’s main index TASI advanced 0.9 percent to end at 11,940 on Sunday, while Nomu added 1.5 percent to 20,737.
RIYADH: Saudi stocks bucked a regional trend to start the week higher on Sunday, mirroring oil market gains ahead of Monday’s meeting of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+. The Tadawul All Share Index edged up 0.4 percent to finish at 12,194, while the parallel Nomu market jumped 1.5 percent to 21,640. Apart from Saudi Arabia,
RIYADH: The Saudi stock market ended Monday’s session lower, sparked by a decline in shares of a number of major players in the market. The Tadawul All-Share Index lost 0.77 percent to finish at 12,099, while the parallel Nomu declined 1.69 percent at 21,274. Saudi Tadawul Group Holding Co., owner of the Kingdom’s bourse, led the fallers with a 5.43 percent decline. Saudi oil