Page 2 - Bawan Co News Today

RIYADH: Saudi stocks dropped on Monday amid a continued fluctuation in oil prices and inflation fears that weighed on investor sentiment. TASI fell 0.8 percent to end the day at 11,427 following the debut of Saudi developer Retal Urban Development, while the parallel Nomu market lost 2.1 percent to 20,248. Unlike Saudi Arabia, most stock markets of gulf peers rebounded on

RIYADH: Saudi stocks opened almost flat on Tuesday as investors worried about oil prices’ instability. The main index, TASI, fell 0.02 percent to 11,425, while the parallel market, NOMU, dropped 0.11 percent to 20,225.87 as of 10:07 a.m. Saudi time. In energy trading, Brent crude settled at $117.02 a barrel and US West Texas Intermediate reached $111.43 a barrel, as of 10:18

RIYADH: Saudi stocks regained some of its momentum on Tuesday, as commodity prices fell, which eased concerns about inflation. The main index, TASI, gained 2.13 percent to 11,671, while the parallel market, Nomu, added 0.55 percent to 20,358. This was led by a 3.32 percent increase in the Saudi oil giant Aramco and a 3.43 percent leap in one of the Kingdom’s biggest lenders,

RIYADH: Saudi Arabia's stock market rebounded on Tuesday following a steep decline in the previous session due to investor concern over the slowing economy. The main index, TASI, added 0.34 percent at 12,093, while the parallel market, Nomu, lost 0.38 percent at 21,379 and, as of 10:08 a.m. Saudi Arabia. SEDCO Capital REIT Fund led the gainer's list with 3.83 percent rise,

RIYADH: Saudi stocks further dipped during Monday's trading session, mirroring a global trend amid fears that rising inflation will cause an economic slowdown. The main index, TASI, dropped 2.18 percent to 12,053, while the parallel market, Nomu, shed 1.27 percent to 21,461. Dubai lost as much as 2.7 percent to lead the fall in the Gulf, followed by Saudi Arabia. Stock

RIYADH: Saudi-listed Bawan Co. has named Mohammad Al-Balawi as its CEO, starting July 1, 2022. Al-Balawi joined the company as CFO in 2011 and participated in its initial public offering in the Saudi capital market, according to a bourse filing He also contributed to the development of all investment projects of the group til now.

RIYADH: Saudi Arabia's stock market ended lower on Tuesday as inflation worries escalated amidst rising concern about the global economy following Beijing's COVID-19 warning. The main index, TASI, fell 0.27 percent ending the day at 12,020, while the parallel market, Nomu, added 0.21 percent at 21,505. Saudi Arabian Cooperative Insurance Co. topped the gainer's list with a 10

RIYADH: Saudi stocks ended higher on Sunday, despite investors' concerns about the risk-off sentiment caused by recession fears. The main index, TASI, gained 1.27 percent to reach 12,689, while the parallel market, Nomu, advanced 0.58 percent at 22,402. Halwani Bros. Co. gained 8.07 percent, leading gains; Saudi Industrial Export Co. slumped 8.86 percent, leading the fallers.

RIYADH: Saudi Arabia’s main stock market closed higher on Wednesday to lead the GCC, as investor sentiment was buoyed by strong earnings results. TASI the main index advanced 1 percent to 13,643, and the parallel market Nomu slipped 0.1 percent to 23,634. Dubai recorded the second-highest gains among GCC members as it added 0.6 percent. Abu Dhabi, Oman, and Kuwait’s bourses

RIYADH: Saudi Arabia’s main stock market opened higher on Thursday, as investor sentiment was buoyed by strong quarterly earnings results. TASI the main index advanced 0.5 percent to 13,717, while the parallel market Nomu slipped 0.05 percent to 23,622 at 10:12 a.m. Riyadh time. Oil giant Aramco, which is the heaviest weight on TASI, gained 0.7 percent, and the Kingdom’s