Page 3 - Basic Industries Corp News Today

Saudi Basic Industries Corp (Sabic) said on Tuesday that it expects margins to be under pressure in the second half of 2022, due to a slowdown in global

RIYADH: Saudi Arabia’s stock market closed lower on Sunday, tracking a drop in oil prices after China imposed new COVID-19 lockdown measures. The main TASI index lost 2.2 percent to 12,322, and the parallel market Nomu shed 2.3 percent to 21,737. This was driven by losses in some of TASI’s heavyweights, with oil giant Aramco dropping 3 percent, and the biggest player in the

RIYADH: Saudi stocks fell at the start of the final session of the week as the market sell-off continued with traders struggling to gain ground. Oil prices continued to fluctuate, with Brent crude reaching $105.24 per barrel and WTI crude reaching $103.17 per barrel, at 10:35 a.m. Saudi time. The Saudi main stock index, TASI, was down 0.87 percent at 13,262, while the parallel

RIYADH: Saudi stocks closed lower for the fourth straight day in the final trading session of the week as traders struggled to gain ground and energy prices fluctuated. Oil price volatility continued with Brent crude reaching $105.38 per barrel and WTI crude reaching $103.61 per barrel, at 3:32 p.m. Saudi time. The Saudi main stock index, TASI, was down 4.06 percent at 12,835,

Oman is set to start general cargo operations at the newly-opened Port of Duqm on the southeast coast of the sultanate, which wants to turn the facility into a global trade hub that is adjacent to a number of energy projects. Oman’s Asyad Group will operate and manage three berths for cargo operations at the ...

RIYADH: Last week, Saudi Arabia’s main stock index TASI wrapped up ten straight days of gains amid heightened investor sentiment. Earnings season is starting to get into full swing for the Kingdom’s listed companies. In the latest session, TASI gained 0.3 percent to reach 12,291 points, while the parallel market Nomu slipped 0.3 percent to close at 26,071 points. Other GCC

Oman’s Ras Markaz crude storage outside the strategic Strait of Hormuz will come onstream by the end of the second quarter of 2022 with an initial capacity of 26.7 million barrels, which could be later increased depending on demand from investors, state-run Oman News Agency reported Dec. 29, citing an official. Infrastructure to store crude ...

RIYADH: Saudi stock market index TASI opened 0.64 lower at 11,088 points amid coronavirus worries. The parallel market Nomu rose slightly by 0.46 percent to reach 27,175 points. Almunajem Foods Co. topped the gainers in early trade, surging more than 9 percent to SR65.5 ($14.45) on its first day trading on TASI. Al Sagr Insurance and Saudi Industrial Development Co. came next,

RIYADH: Saudi Tadawul’s main index TASI fell 0.63 percent on Sunday’s opening bell, down to 11,240 points, after rising for the past five consecutive days. The parallel index Nomu remained flat at 25,968 points. The highest gainer of the session was Naseej International Trading Co., up 4 percent to SR33.8 ($9). Saudi Basic Industries Corp., or SABIC, weighed most on the index,

RIYADH: The Saudi stock market ended the session on Tuesday, up 0.8 percent or 85 points, to close at 11,256 points. Some 184.9 million shares changed hands in 327,000 deals, with heavy trading in Al Rajhi bank, Alinma Bank, Nayifat Finance Company. The parallel Nomu index was down 437.12 points, or 1.84 percent, it closed at 23,282.72 points, after 437,000 trades. AlRajhi