Page 3 - Helm Co News Today

RIYADH: Saudi Arabia’s Tadawul All Share Index, closed 42.30 points higher — or 0.14 percent — on Thursday to end at 10,290.42, pitting itself against the negative sentiment that clouded the global markets after the US Federal Reserve’s interest rate hikes. The benchmark index swung heavily between gains and losses, scaling to a high of 10.294.65 at 10:38 a.m. Saudi time and

RIYADH: Saudi digital security Elm Co. signed a SR207 million ($55 million) contract with the Ministry of Interior to install vehicle security systems and field inspection gates. Under the one-year deal, the Public Investment Fund-owned company will provide the necessary hardware, equipment, systems, training and licenses for the performance of the contract, according to a

RIYADH: Abu Dhabi, alongside Saudi Arabia, has seen a spike in initial public offering listings this year, and is on track to continue the trend next year. The UAE capital is likely to host an additional three IPOs this year and at least 11 by 2023, Bloomberg reported, citing an official. This is happening in line with a trend that sees buyers showing greater appetite for 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: Shares of Saudi digital security firm Elm Co. dropped 2.36 percent, after the company announced it will distribute SR155 million ($41 million) in dividends for the first half of 2022. Elm shares dropped to SR306.40, against SR313.8 in the previous session. The Public Investment Fund-owned firm said the payout per share would be SR2, with nearly 77 million shares

RIYADH: Saudi stocks returned to positive territory after slipping steeply at the beginning of the week, however, major central banks’ interest rate hike plans and recession risks remain concerns for investors. The Tadawul All Share Index rose 0.50 percent to end Tuesday at 11,503, while the parallel market Nomu traded flat at 20,218. In the same direction, the UAE’s stocks

RIYADH: Saudi Arabia’s main index started lower on Wednesday as investors prepared for another large rate hike to be announced by the Federal Reserve. The Tadawul All Share Index dropped 0.1 percent to start at 11,491, while the parallel market Nomu started flat at 20,210, as of 10:06 a.m. Saudi time. Saudi oil giant Aramco began the day flat, while Rabigh Refining and

RIYADH: Saudi Arabia’s main index dipped in anticipation of another large rate increase by the Federal Reserve on Wednesday. The Tadawul All Share Index dropped 0.37 percent to end at 11,461, while the parallel market Nomu rose 0.23 percent at 20,265 Saudi oil giant Aramco ended the day with a 0.55 percent decline, while Rabigh Refining and Petrochemical Co. fell by 2.79

RIYADH: Saudi Arabia’s stock market saw significant growth in listings in the first half of 2022, with initial public offerings on the main index alone raising SR15.2 billion ($4 billion). Along with 10 record listings, TASI witnessed nine further offerings from existing listed companies, generating SR10.7 billion, a report by the Saudi Exchange shows. This year’s biggest IPOs

RIYADH: The Saudi stock market began Tuesday’s session on a positive note, after oil prices rose further in the early hours of the day. The main index, TASI, edged up 0.28 percent at 12,565, while the parallel Nomu started flat at 21,517, as of 10:06 a.m. Saudi time. In energy trading, Brent crude increased to $104.28 a barrel, while US West Texas Intermediate reached $96.67 a