RIYADH: Saudi stocks ended the previous trading week higher, outperforming fellow Middle Eastern bourses despite a drop in oil prices. In Thursday’s session, the main index TASI was up 0.6 percent to close at 13,621 points and the parallel market Nomu edged 0.4 percent higher to 24,418. Elsewhere, Egypt’s index EGX30 extended losses by 1.5 percent after UAE’s First Abu Dhabi
RIYADH: At the closing bell on Wednesday, the Saudi main index, TASI, closed 0.78 percent lower at 13,540. The parallel market, Nomu, gained 0.17 percent to reach 24,311. Methanol Chemicals Co. ended the trading session up 5.39 percent to lead the gainers, while Saudi Arabian Mining Co., also known as Ma'aden, was down 5.14 percent, to lead the fallers. Among the gainers,
/PRNewswire/ The pentaerythritol market size is expected to grow by USD 414.45 mn from 2021 to 2026, progressing at a CAGR of 4.1% during the forecast.
RIYADH: Saudi Arabia's main index opened higher on Monday for the second consecutive day, as oil prices continued to surge. As of 10:08 a.m. Saudi time, TASI rose 0.57 percent to 12,876, while the parallel market, Nomu, dropped 0.28 percent to 24,683. Brent oil jumped almost 10 percent to as high as $129.63 a barrel in early Monday trading, and US benchmark WTI gained 8.7
RIYADH: Methanol Chemicals Co. has reported a net profit of SR244 million ($65 million) in 2021, the highest ever since the incorporation of the company. The Saudi firm attributed the rise in profits in 2021 to an increase in the average selling prices, and higher profit margins, following a loss of SR276 million in 2020, according to a bourse statement. Methanol Chemicals now