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

RIYADH: Saudi stocks returned to positive territory after slipping steeply at the beginning of the week, however, major central banks’ interest rate hike plans and recession risks remain concerns for investors. The Tadawul All Share Index rose 0.50 percent to end Tuesday at 11,503, while the parallel market Nomu traded flat at 20,218. In the same direction, the UAE’s stocks ....

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TASI declines ahead of Fed rate decision: Opening bell

RIYADH: Saudi Arabia’s main index started lower on Wednesday as investors prepared for another large rate hike to be announced by the Federal Reserve. The Tadawul All Share Index dropped 0.1 percent to start at 11,491, while the parallel market Nomu started flat at 20,210, as of 10:06 a.m. Saudi time. Saudi oil giant Aramco began the day flat, while Rabigh Refining and ....

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TASI dips in advance of Fed rate decision: Closing bell

RIYADH: Saudi Arabia’s main index dipped in anticipation of another large rate increase by the Federal Reserve on Wednesday. The Tadawul All Share Index dropped 0.37 percent to end at 11,461, while the parallel market Nomu rose 0.23 percent at 20,265 Saudi oil giant Aramco ended the day with a 0.55 percent decline, while Rabigh Refining and Petrochemical Co. fell by 2.79 ....

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Saudi Fisheries continues to post losses, capital losses reach 38 percent

Saudi Fisheries Company announced that despite revenue increases it has continued to post significant losses, and has lost 38 percent of its total capital. ....

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Saudi Fisheries' losses widened by 21% despite sales growth

RIYADH: Saudi Fisheries Co.’s losses widened by 21 percent, despite a jump in sales during the first half of 2022. The company’s net losses widened to SR24 million ($6.4 million) during the first half of the year, compared to SR19 million in the same period last year, according to a bourse filing. This increase in losses was a result of higher production costs at the shrimp ....

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