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TASI almost flat on higher inflation: Opening bell

RIYADH: Saudi stocks started Monday’s session almost flat after the Saudi annual inflation rate increased to 2.7 percent in July, inciting uncertainty among investors. TASI edged down 0.08 percent at 12,504, while the parallel market, Nomu, fell 0.16 percent at 22,005, as of 10:06 a.m. Saudi time. Saudi Aramco shed 0.25 percent, despite achieving its highest quarterly profit
Saudi Arabia Al Jizah Ar Riya Al Rajhi Arabian Shield Cooperative Insurance Co Packaging Co

TASI rises as investors await earnings, assess rising inflation: Closing bell

RIYADH: Saudi stocks ended Monday’s session higher, as investors awaited more earnings reports while trying to assess the impact of rising inflation. The Tadawul All Share Index edged up 0.23 percent to finish at 12,543, while the parallel market, Nomu, gained 0.31 percent to end at 22,110. Wafrah for Industry and Development Co. soared 5.09 percent, after the company swung to
Saudi Arabia Al Jizah Ar Riya Arabian Shield Cooperative Insurance Co Telecommunication Co Packaging Co

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Saudi Wafrah signs $4m contract with German GEA Food for meat production

RIYADH: Saudi food firm Wafrah for Industry and Development Co. has signed a contract with German GEA Food Solutions, one of the world’s largest manufacturers of food lines and plants. Under the $4 million contract, GEA Food Solutions will manufacture and supply highly automated lines for processing and packaging frozen and cooked meats for Wafrah, according to a bourse
Saudi Arabia Ar Riya Food Solutions Development Co Al Ahsa Al Kharj

TASI starts flat following market uncertainty over oil price shifts: Opening bell

RIYADH: Saudi stock started Monday’s session flat with the market uncertain over oil price fluctuations. As of 10:07 a.m. Saudi time, TASI and the parallel market Nomu opened at 12,227 and 21,780, respectively. Middle East Paper Co. topped the gainers with a 5.51 percent gain, following a 216 percent increase in first-half profits. Wafrah for Industry and Development Co.
Saudi Arabia Ar Riya United States Suliman Al Muhaideb Al Rajhi Saud Alkabeer

TASI ends higher on strong earnings reports: Closing bell

RIYADH: Saudi Arabia’s benchmark index ended Monday higher after a wave of earnings reports boosted investor sentiment. The Tadawul All Share Index added 0.66 percent reaching 12,297, while the parallel market, Nomu, climbed 1.36 percent at 22,072. The Saudi British Bank climbed 1.44 percent, while the Kingdom’s oil giant Saudi Aramco added 0.13 percent. The Saudi National
Saudi Arabia Ar Riya United Kingdom Saud Alkabeer Suliman Al Muhaideb Paper Co

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