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Saudi stocks close higher even as recession fears remain: Closing bell

RIYADH: Saudi stocks ended higher on Sunday, despite investors' concerns about the risk-off sentiment caused by recession fears. The main index, TASI, gained 1.27 percent to reach 12,689, while the parallel market, Nomu, advanced 0.58 percent at 22,402. Halwani Bros. Co. gained 8.07 percent, leading gains; Saudi Industrial Export Co. slumped 8.86 percent, leading the fallers. ....

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TASI gains on optimism among investors: Opening bell

RIYADH: Saudi stocks extended their gains on Thursday as investor optimism increased following a strong earnings season. The main index, TASI, gained 0.53 percent to reach 12,656, while the parallel market, Nomu, started flat at 22,020, as of 10:08 a.m. Saudi time. Buruj Cooperative Insurance Co. gained 2.39 percent, leading the market gainers; Wataniya Insurance Co. fell 4.23 ....

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TASI gains on strong earnings season: Opening bell

RIYADH: Saudi stocks opened in a positive territory after the earnings season finished with strong results, with listed companies reporting 73 percent profit growth in the first quarter, wiping away investor worries. As of Wednesday’s opening bell, TASI gained 0.31 percent to reach 12,339, while the parallel market, Nomu, added 0.14 percent to 22,282, as of 10:09 a.m. Saudi ....

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TASI higher despite market uncertainty: Closing bell

RIYADH: The Saudi main index managed to close Tuesday slightly higher, despite the uncertainty that is gripping the market at the moment. At the closing bell, TASI gained 0.53 percent to reach 12,300, while the parallel market, Nomu, fell 0.50 percent to 22,251. The shares of Saudi Industrial Export Co. gained 9.87 percent, leading the gainers in the market. Kingdom Holding ....

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Saudi stocks drop on investor concerns: Closing bell

RIYADH: Saudi stocks reversed gains at the close of Monday's trading session, in the wake of poor earnings results that worried investors. The Saudi main stock index, TASI, declined 1.78 percent to reach 12,914, while the parallel market, Nomu, dropped 1.33 percent to 22,540. Shares in Saudi Industrial Export Co. climbed 9.91 percent to lead the gainers on the closing bell. ....

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