RIYADH: Upon completion of last week’s episode of IPOs and dividends, the Saudi stock market soared to end the trading week higher, which was offset by a fall in the previous trading session in line with Gulf indexes. A series of initial public offerings, dividend announcements, and coronavirus cases have been the main drivers of the Kingdom’s bourse as it approaches the end
RIYADH: Amid last week’s dominating theme of initial public offerings and dividends, Saudi stocks soared to end the trading week higher as investor sentiment boosted. Saudi Arabia’s main stock index, TASI, last closed at 11,271 points, up 111 points from a week earlier and up 30 percent year-to-date, marking its biggest annual leap since 2010. With the latest gain, TASI has
RIYADH: The Kingdom's main stock index TASI fell 0.5 percent to 11,204 points and the parallel market Nomu declined 2.75 percent to close at 26,409 points, despite five consecutive days of gains. AlRajhi Bank dropped 1.27 percent to SR140 ($37.29). The fall weighed on the index with the stock being the bourse’s highest traded in terms of value – with SR349 million of deals
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