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Closing Bell: TASI edges down to close at 12,120 points

Closing Bell: TASI edges down to close at 12,120 points
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Savola Group gains $21.6m from stakes sale to Taiba Investments Co.

RIYADH: Savola Group has announced gains of SR81 million ($21.6 million) from the sale of its stakes in Knowledge Economic City Co. and Knowledge Economic City Developers to Taiba Investments Co. Taiba Investments inked a binding agreement to acquire Savola’s entire ownership in KEC and KECD for SR459.26 million in August, and the shareholders of both companies granted their ....

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TASI gains on strong earnings; MIS drops despite 69% profit leap in Q3: Closing bell

RIYADH: Saudi Arabia’s main index ended Monday in green, thanks to strong performance as earnings season nears an end. The Tadawul All Share Index gained 0.67 percent to end at 11,598, while the parallel market, Nomu, declined 0.58 percent to finish at 19,500. Al Moammar Information Systems Co. declined 4 percent, despite posting a 69 percent leap in third-quarter profits to ....

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

RIYADH: Saudi stocks ended higher for a third straight day on Wednesday, thanks to strong earnings results from most listed companies. TASI, the main index, gained 0.8 percent to close at 12,431 and the parallel Nomu market edged 0.13 percent higher to 22,227. Most Gulf peers advanced in line with Saudi Arabia, led by a 0.8 percent gain for Abu Dhabi’s bourse. Dubai, Oman, and ....

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All you need to know ahead of the trading week on the Saudi bourse

RIYADH: In line with a fall in the oil market, Saudi Arabia’s main stock index TASI retreated by 0.88 percent in the previous trading session, finishing the week with over a 1 percent fall. Oil prices, which jumped to record highs following the Russia-Ukraine conflict, paused their rally amid rising market volatility and eased supply worries. Brent crude lost almost $20 on the ....

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