Page 8 - Helm Co News Today

RIYADH: Saudi-based digital security firm Elm Co. recorded an increase in profits of 85 percent on an annual basis in its first post-listing earnings results. After an $820 million initial public offering and a stellar debut, profits of the PIF-owned firm jumped from SR308 million ($82 million) to SR576 million in 2021, according to a bourse filing. This came as revenues

RIYADH: Saudi stocks start the week higher after oil prices begin to ease as the impact of sanctions on Russia appears baked in. At Sunday's opening session, TASI climbed 0.50 percent to 12,747, while Nomu dropped 0.10 percent to 24,763. Across the energy sector, Brent crude was trading at $112.67 per barrel, and WTI at $109.33 a barrel as of 10:15 a.m. Saudi time. Al-Jouf

RIYADH: In line with a fall in the oil market, Saudi Arabia’s main stock index TASI retreated by 0.88 percent in the previous trading session, finishing the week with over a 1 percent fall. Oil prices, which jumped to record highs following the Russia-Ukraine conflict, paused their rally amid rising market volatility and eased supply worries. Brent crude lost almost $20 on the

RIYADH: Saudi stocks closed lower on Sunday as Russia's war in Ukraine caused stock markets to sway. The main index, TASI, closed 0.62 percent lower at 12,605 points, while the parallel market, Nomu, shed 0.60 percent to 24,640. AlJazira REIT climbed 3.83 percent to lead the gainers, while Malath Cooperative Insurance Co. slipped 5.58 percent to lead the tumblers. As for the

High oil prices and abundant liquidity are expected to keep Gulf IPO demand soaring

RIYADH: Saudi stocks opened higher for the second straight day, driven by positive market moves. As of Monday, 10:24 a.m. Saudi time,the main index, TASI, edged up 0.50 percent to 12,526 points. The parallel market, Nomu, edged down 0.26 percent to 25,045 points. In the financial sector, the Kingdom’s largest valued bank, Al Rajhi Bank, fell by 0.60 percent, while Alinma Bank

RIYADH: Saudi Arabia's main index, TASI, rose on Monday, as oil prices increased and stocks continued to rise. At the closing bell, TASI, climbed 0.79 percent to 12,562 points. The parallel market, Nomu, dipped by 0.38 percent to 25,014 points. Brent crude stood at $93.95 per barrel. The US benchmark WTI was at $91.56 per barrel at 2:55 pm Saudi time. Shares in the largest

RIYADH: As investor sentiment was fueled by strong earnings, Saudi Arabia’s main TASI index neared 12,500 points last week for the first time since 2006. At Thursday's closing bell, TASI edged slightly lower to end at 12,476 and the parallel Nomu market was down 0.23 percent to 25,228. Shares in recently listed Elm Co. — a digital security firm owned by the Kingdom’s wealth

RIYADH: Saudi Arabia's main share index rose for a fourth straight day as listed companies continued to disclose strong earnings results. As of Thursday, 10:10 a.m. Saudi time, TASI index was up 0.08 percent to 12,507, while the parallel market, Nomu, gained 0.01 percent to 25,291. Elm Co. led the gainers in early trading, up 15 percent, while Tihama Advertising and Public

RIYADH: Saudi Arabian digital security business Elm Co. has seen its shares soar over 50 percent since its market debut yesterday, reaching SR196. The price it floated at was SR128, according to the Saudi exchange. As of 1:00 pm Saudi time, the company saw SR2 billion worth of shares traded, with a volume of 10.3 million shares Owned by the Public Investment Fund, the stock