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ODH delivers strong results with revenue reaching CHF 689.7 million in FY 2022 and net profit of CHF 51.3 million, the highest since 2013.

30.03.2023 - Orascom Development Holding AG / Key word(s): Miscellaneous/Miscellaneous ODH delivers strong results with revenue reaching CHF 689.7 million in FY 2022 and net profit of CHF 51.3 million, the highest since 2013. 30-March-2023 / 07:00 CET/CEST ...
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Closing Bell: Saudi stocks extended gains mirroring rise in global peers

RIYADH: Like most major Gulf markets, Saudi stocks extended gains on Wednesday mirroring a rise in global peers after sentiment was lifted by receding fears of a global banking crisis and rising oil prices. Saudi Arabia's benchmark stock index edged up 0.3 percent supported by gains in most sectors, led by healthcare and financials. Dr Sulaiman Al-Habib Medical Services added
Saudi Arabia United Arab Emirates Abu Dhabi Abuz Aby Ar Riya Khabt Al Falaq

Closing bell: Saudi benchmark index continues upward movement on promising market conditions

RIYADH: Saudi Arabia’s Tadawul All Share Index continued its upward trajectory on Sunday as it went up by 12.97 points or 0.93 percent to close at 10,459.36. The promising market conditions resulted in a rise in investor confidence, pushing the market up. The parallel market, Nomu, also rose by 174.79 points or 0.92 percent to close at 19,231.63, while the MSCI Tadawul 30
Saudi Arabia Ar Riya Thimar Development Holding Co Saudi Ground Services Co Amwaj International Co Horizon Food Co

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Closing bell: TASI rises 60 points

RIYADH: Saudi Arabia’s Tadawul All Share Index increased 60.39 points on Monday – or 0.59 percent – to close at 10,218.12. MSCI Tadawul 30 Index inched up 0.69 percent to 1,386.65, and the parallel market, Nomu, slightly edged down by 0.05 percent closing at 18,968.30. TASI’s total trading turnover of the benchmark index was SR4.56 billion ($1.21 billion) as 111 stocks of the
Saudi Arabia Ar Riya Bindawood Holding Co Nahdi Medical Co Dar Alarkan Real Estate Development Co Jabal Omar Development Co

Closing bell: TASI rises 181 points to close at 10,158

RIYADH: Saudi Arabia’s Tadawul All Share Index increased 181.08 points on Sunday – or 1.82 percent – to close at 10,157.73 compared to its previous closing at 9,976.65. While MSCI Tadawul 30 Index dropped 2.23 percent to 1,377.21, the parallel market, Nomu, edged down slightly by 0.18 percent to 18,977.13. TASI’s total trading turnover of the benchmark index was SR7.6 billion
Saudi Arabia Ar Riya Saudi Chemical Co Stores For Development Gulf Insurance Group Jabal Omar Development Co

Closing bell: TASI falls 98 points as the US banking crisis rattles investors

RIYADH: Saudi Arabia’s Tadawul All Share Index fell 97.92 points — or 0.95 percent — to close at 10,207.17 on Tuesday as the looming US banking crisis clouded the investor sentiment globally. The collapse of Silvergate Bank, Silicon Valley Bank and Signature Bank in the last week has spurred an exodus of investors from equities to safe havens such as gold and bonds. Stock
United Arab Emirates United Kingdom Saudi Arabia Kuwait General Ar Riya Abu Dhabi

Closing bell: Saudi bourse slips 79 points to 10,384

RIYADH: Saudi Arabia’s Tadawul All Share Index fell 79.36 points — or 0.76 percent — to close at 10,383.82 on Sunday. MSCI Tadawul 30 Index and the parallel market Nomu closed slightly lower at 1,409.41 and 18,965.30, respectively. The total trading turnover of the benchmark index was SR3.42 billion ($910 million) as 75 stocks of the listed 224 advanced and 132 retreated.
Ar Riya Saudi Arabia Saudi Arabian Saudi Enaya Cooperative Insurance Co Logistics Co Saudi Ground Services Co

SVB collapse: Mideast markets also feel the jitters

Most stock markets in the Middle East ended lower on Sunday, with the Egyptian bourse leading the declines, in response to Friday’s fall in global shares over fears of contagion following the collapse of Silicon Valley Bank. The startup-focused lender became the largest bank to fail since the 2008 financial crisis on Friday, roiling global markets and leaving billions of
Ar Riya Saudi Arabia Saudi Arabian Daniel Takieddine Silicon Valley Bank Retal Urban Development Co

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