RIYADH: Saudi main stock index maintained its winning streak Mar. 2 in line with a rally in oil prices ahead of OPEC+ meeting as the Organization of the Petroleum Exporting Countries members and its allies are expected to convene to discuss oil output. Brent crude neared $110 during Tuesday overnight Trading, after settling at $105 a day earlier. US benchmark WTI climbed to
10:31 Saudi time: RIYADH: Saudi exchange’s main indexes opened slightly higher on Wednesday. TASI and Nomu were up around 0.2 percent. On its first day trading on the main market, Saudi Tadawul Group’s stock came on top of the index’s gainers, rising 11.43 percent to SR116.8 ($31.14). Shares of Sadr Logistics jumped ten percent for a fourth consecutive day. Wafrah for Industry
RIYADH: Tadawul’s TASI and Nomu fell slightly following a three-day hike to close at 11021.07 points as clarity on COVID-19’s omicron variant risk remains lacking and cases rise. Sadr Logistics Co. is currently trading at a record high of SR94.8 ($25.27), up nearly 44.5 percent in a week. Saudi Electricity Co. has been the major contributor to the index’s gains lately. Its
Maharah Human Resources Co., the Saudi recruitment firm, announced that its subsidiary, Growth Avenue Investment Company, which is owned 100% by Maharah, is signing a Memorandum of Understanding to acquire a 40% stake in ‘Salis For Trading and Marketing Company’.