Closing Bell: Saudi main index slips to close at 10,928 arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
RIYADH: Saudi stocks ended Monday’s session flat after starting the week lower on Sunday, as weak market sentiment dampened equity performance. Investors grew wary ahead of the Fed’s decision, fearful of more aggressive interest rate hikes in the US and Europe that would expose the region to similar policy moves. The main benchmark index TASI finished almost unchanged at
RIYADH: Saudi Steel Pipe Co. won a contract worth SR88 million ($24 million) from Uruguay-based Tenaris Global Services. Under the contract, the Saudi company will provide oil and gas pipes to Tenaris, according to its bourse filing. The financial impact is likely to appear toward the end of the year and the beginning of 2023, it said In 2019, Tenaris, a global steel tube
RIYADH: Saudi Arabia’s main stock index, TASI, logged a monthly gain of 5.9 percent in July following two straight months of losses, bolstered by rising oil prices. TASI rose 0.4 percent in the previous session to exit the month at 12,199, and the parallel Nomu market added 2 percent to 21,391. This came in line with gains in fellow Middle Eastern bourses on Sunday, led by
RIYADH: The Saudi Steel Pipe Co. has completed a deal to supply oil and gas steel pipes to Uruguay's Tenaris Global Services. The deal, which is valued at SR94.7 million ($25 million), is expected to have a financial impact in the second half of this year, the company said in a bourse filing. In March, Saudi Steel signed a deal with Uruguay's Tenaris Global Services to supply