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Saudi influence expands as 8 new firms join MSCI's Global and Small Cap Indexes

Closing Bell: TASI edges down to close at 12,355 points

Closing bell: Saudi benchmark index rebounds to close at 11,575

Closing bell: TASI rises 141.6 points on recovering oil prices

RIYADH: Saudi Arabia’s Tadawul All Share Index increased 141.62 points on Tuesday – or 1.39 percent – to close at 10,359.74, from 10,218.12, thanks to oil price rise, extending a recovery. MSCI Tadawul 30 Index also increased 1.64 percent to 1,410.74, and the parallel market, Nomu, edged down by 0.21 percent closing at 18,928.89. TASI’s total trading turnover of the benchmark

Saudi developer Arriyadh's profits decline by 20% in first 9 months of 2022

RIYADH: Saudi-based developer Arriyadh Development Co. has seen a 20 percent decline in its profits during the first nine months of 2022, compared to the same period last year. The firm has reported SR261.7 million ($69.6 million) in profits during the period, compared to SR325 million in the corresponding period the year earlier, according to a bourse filing. Despite the

Saudi-listed Arriyadh Development acquires $44m tower in Riyadh

RIYADH: The Saudi-listed developer, Arriyadh Development Co., has acquired a commercial building at SR168 million ($44.7 million) in the north of Riyadh, according to a bourse filing. The deal is part of plans to diversify the company’s real estate and investments portfolio, it said in a statement. The building is located in Al-Malqa district, which is near the strategic

TASI extends gain as global recession fears fizzle out: Opening bell

RIYADH: Saudi Arabia’s main index rose in early trade on Thursday, extending gains from the previous session as investors brushed off fears of a global recession. The Tadawul All-Share Index grew 1.22 percent to reach 11,306, while the parallel market Nomu started flat at 19,922, as of 10:08 a.m. Saudi time. Saudi oil giant Aramco began with a 1.29 percent gain, while Rabigh

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

RIYADH: Saudi Arabia’s main index ended higher for a second session following a sharp drop earlier in the week sparked by economic concerns. The Tadawul All-Share Index rose 1.39 percent to reach 11,120 at the end of Wednesday, while the parallel market Nomu rose 1 percent to 19,916. Abu Dhabi’s main followed the Saudi trend to close 0.4 percent up to 9,740 on Wednesday. In a

TASI slightly decline; Bank Aljazira tops the fallers: Opening bell

RIYADH: Saudi Arabia’s main index started slightly lower on Tuesday in the face of a global economic downturn triggered by inflation and rising interest rates. The main index, TASI, started down 0.11 percent at 12,325, while the parallel market, Nomu, started flat at 21,487, as of 10:06 a.m. Saudi time. This was led by a 4.73 decline in Bank Aljazira to lead the fallers,

Saudi developer Arriyadh reports 23% fall in profits to $52m in H1

RIYADH: Shares of Arriyadh Development Co. fell 3.23 percent at SR22.74 as of Tuesday's closing bell, after its first-half profits dropped 22.9 percent to SR196 million ($52 million). This is compared to SR254 million profit the company made in the same period last year, the Riyadh-based developer reported in a bourse filing. Its results stemmed from a 22-percent reduction in