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TASI, Nomu inch up; United Wire Factories Co. top gainer: Closing bell

RIYADH: At the closing bell on Monday, the Saudi main index, TASI, finished 0.37 percent higher at 13,733, while the parallel market, Nomu, also edged up 0.09 percent to reach 24,214. United Wire Factories Co. rose 7.11 percent to lead the gainers, followed by GASCO, which went up by 4.84 percent. Arabian Contracting Services Co. was down 3.01 percent to lead the fallers.
Saudi Arabia Ar Riya United States Saudi Arabian United Wire Factories Co Al Rajhi Bank

Canaccord Genuity Group Reiterates "Buy" Rating for Lamprell (LON:LAM)

Lamprell (LON:LAM – Get Rating)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a research report issued to clients and investors on Wednesday, MarketBeat reports. They currently have a GBX 75 ($0.98) price target on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 185.50% from […]
Saudi Arabia United Arab Emirates Canaccord Genuity Group Contracting Services Get Rating Genuity Group

Lamprell (LON:LAM) Shares Cross Above 200-Day Moving Average of $0.00

Lamprell plc (LON:LAM – Get Rating)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 0 ($0.00) and traded as high as GBX 28.60 ($0.38). Lamprell shares last traded at GBX 27.50 ($0.36), with a volume of 274,436 shares trading hands. Separately, […]
Saudi Arabia United Arab Emirates Canaccord Genuity Group Contracting Services Lamprell Company Profile Get Rating

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Lamprell (LON:LAM) Hits New 52-Week Low at $29.95

Lamprell plc (LON:LAM – Get Rating)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 29.95 ($0.39) and last traded at GBX 29.95 ($0.39), with a volume of 196792 shares traded. The stock had previously closed at GBX 31 ($0.41). Separately, Canaccord Genuity Group […]
Saudi Arabia United Arab Emirates Canaccord Genuity Group Contracting Services Get Rating Lon Lam

Here's what you need to know before Tadawul's opening bell on March 7

RIYADH: Saudi stocks started the trading week slightly higher on Sunday as oil traded at multi-year highs. At the closing bell, the main index, TASI, gained 0.38 percent to 12,804, while the parallel market slipped 0.06 percent to 24,752. Despite the Russia-Ukraine conflict rattling markets globally, stock exchanges in Bahrain and Oman advanced in line with the Saudi index.
Ar Riya Saudi Arabia Al Madinah Saudi Arabian Abu Dhabi Mohamed Alkhalifa

All you need to know before trading on Tadawul in the coming week

RIYADH: Saudi stocks ended higher in the past week, despite a downturn in global markets as traders shunned in light of the ongoing Ukraine-Russia conflict. At Thursday’s closing bell, TASI closed 0.8 percent higher at its highest value in years of 12,756 points, gaining over 2 percent on the week. The parallel market, Nomu, dropped 0.8 percent to 24,767. Other Middle Eastern
Saudi Arabia United Arab Emirates Saudi Arabia General Ar Riya Saudi Arabian Abu Dhabi

All you need to know ahead of the trading week on Tadawul

RIYADH: Saudi stocks closed the previous trading week lower in line with a global stock market turmoil caused by the launch of a full-scale Ukraine invasion by Russian troops. At Thursday's close, TASI and the parallel market Nomu both lost 1.8 percent to 12,297 and 24,942 points, respectively. On the main market, shares in Saudi Aramco soared to the highest level since
United Arab Emirates Saudi Arabia Ar Riya Abu Dhabi Fayez Al Ahmari Solaiman Altwaijri

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