RIYADH: Saudi initial public offerings are on course for a record year, as the number of listings in the first half of 2022 has already surpassed those of last year, according to the chairman of the Capital Market Authority. “Undoubtedly, the number of IPOs we have for listing and offering is the largest that it has been,” Mohammed Elkuwaiz told Arab News.
RIYADH: Saudi main index began the week’s trading session almost flat as investors awaited earning results. TASI edged up 0.09 percent to 11,998, while Nomu was unchanged at 20,955 as of 10:08 a.m. Saudi time. Salama Cooperative Insurance Co. surged 9.45 percent, leading gainers, while United Cooperative Assurance Co. slipped 8.68 percent, leading the fallers. Saudi Investment
RIYADH: The Saudi main index ended the week’s first trading session in red as investors continued to watch the market in anticipation of earnings results. TASI edged down 0.11 percent to 11,975, while Nomu rose 0.46 percent to 21,056. Salama Cooperative Insurance Co. surged 9.97 percent, leading the gainers since the opening, while United Cooperative Assurance Co. slipped 9.92
RIYADH: Saudi stocks began the morning session on a positive note on Wednesday, buoyed by higher oil prices. The main index, TASI, started 0.40 percent higher at 11,808, while the parallel market, Nomu, rose 0.11 percent at 20,839 as of 10:07 a.m. Saudi time. In energy trading, Brent crude hit $106.14 a barrel and US West Texas Intermediate reached $102.82 a barrel, as of
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