Development Securities Co News Today

RIYADH: The Saudi main index ticked up on Thursday, but September still marked a dismal month for the stock exchange, marked by persistent inflation, unstable gas prices, and aggressive Fed hikes. The Tadawul All Share Index ended September dropping 7 percent over the course of the month to reach 12,283 at the closing bell of Thursday’s session. This is despite closing the

RIYADH: The Saudi main index ticked up on Thursday, but September still marked a dismal month for the stock exchange, marked by persistent inflation, unstable gas prices, and aggressive Fed hikes. The Tadawul All Share Index ended September dropping 7 percent over the course of the month to reach 12,283 at the closing bell of Thursday’s session. This is despite closing the

RIYADH: Saudi Arabia’s bourse saw gains for three consecutive days as investor appetite improved following the budget surplus forecast of SR90 billion ($24 billion) in 2022. In the prior trading session, Saudi Tadawul’s main benchmark, TASI, edged up slightly by 0.04 percent to 11024.68 points, despite starting the day in the red zone. Turnover stood at SR7.2 billion. The

RIYADH: The Saudi stock market strengthened as investor sentiment improved amid 2022 budget surplus estimate, and a view that the coronavirus variant omicron may not be as severe as expected. Most of the stocks in the Kingdom’s bourse edged up since Nov. 26 when omicron first hit. Tadawul’s main index, TASI, fell 4.5 percent to 10787.79 points on the first trading day after

RIYADH: Following the Saudi budget surplus estimate at SR90 billion ($24 billion), the stock market started the trading session in green territory as investors’ level of confidence in the market rose. Tadawul’s main benchmark index TASI was up 0.78 percent to 11054.45 points while parallel market Nomu increased 0.25 percent to 24047.05 points in early trading. The top gainer

IYADH: Tadawul’s TASI fell slightly in morning trading, down 0.14 percent to 10923.48 points. Parallel market Nomu rose 0.43 percent to 23695.58 points. The biggest moving stocks of the day so far were Development Works Food, National Gypsum Co, and Sadr Logistics, up 9.94 percent, 9.9 percent, and 7.14 percent respectively. Shares of Sadr Logistics were trading at another

10.13 Saudi time: RIYADH: With most of the stocks on the index starting the day in the green zone, Tadawul’s TASI rose 0.39 percent in early trading. Sadr Logistics and Naseej International Trading Co. led the top gainers, with Sadr reaching another record high of SR124 ($33). Naseej’s gains were attributed to its recent decision to raise SR150 worth of capital to limit the

RIYADH: The new coronavirus variant, Omicron, will be one of the driving forces for the Saudi stock market in the near-term, as fears over its economic impact continue to burden investor sentiment. Saudi Economic and Development Securities Co. announced the approval of raising its Capital REIT fund’s assets value by SR701 million ($186.87 million) and the approval of the