RIYADH: Saudi Arabia’s Tadawul All Share Index on Tuesday lost 86.21 points or 0.82 percent to close at 10,469.50. While MSCI Tadawul 30 Index dropped 1.11 percent to 1,436.58, the parallel market Nomu rose 1.23 percent to 18,992.80. TASI’s total trading turnover of the benchmark index on Tuesday was SR3.76 billion ($1 billion), with 101 stocks of the listed 224 advancing
RIYADH: Saudi Arabia’s Tadawul All Stock Index on Tuesday made a startling comeback after touching a low of 10,055.56 at 11:13 a.m. to close 93.97 points up or 0.92 percent to 10,280.15, led by buying in almost all sectors. The materials and utility sectors ushered the rally, which gained 2.29 percent and 1.1 percent, respectively. The capital goods and banking sectors
RIYADH: Saudi Arabia’s benchmark index fell on Sunday as investors shied away from the market due to dampening business sentiment and uncertainty in global demand. The Tadawul All Share Index fell 142 points to close at 10,796, while the parallel market, Nomu, plunged 300 points to finish at 18,866. Of the 219 companies listed on TASI on Sunday, 33 advanced, while 173
RIYADH: Saudi Arabia’s Capital Market Authority approved three initial public offerings in the midst of a listing wave on the Saudi bourses. The market regulator has approved an application from Power and Water Utility Co. for Jubail and Yanbu to register and sell 73.09 million shares, or 29.24 percent of equity, on the Saudi Exchange, according to a CMA statement. Saudi Top