RIYADH: Saudi stocks ended Monday’s session flat after starting the week lower on Sunday, as weak market sentiment dampened equity performance. Investors grew wary ahead of the Fed’s decision, fearful of more aggressive interest rate hikes in the US and Europe that would expose the region to similar policy moves. The main benchmark index TASI finished almost unchanged at
RIYADH: Saudi Steel Pipe Co. won a contract worth SR88 million ($24 million) from Uruguay-based Tenaris Global Services. Under the contract, the Saudi company will provide oil and gas pipes to Tenaris, according to its bourse filing. The financial impact is likely to appear toward the end of the year and the beginning of 2023, it said In 2019, Tenaris, a global steel tube
RIYADH: Saudi Arabia’s main stock index, TASI, logged a monthly gain of 5.9 percent in July following two straight months of losses, bolstered by rising oil prices. TASI rose 0.4 percent in the previous session to exit the month at 12,199, and the parallel Nomu market added 2 percent to 21,391. This came in line with gains in fellow Middle Eastern bourses on Sunday, led by
DUBAI: The Saudi Steel Pipe Company has won orders worth SR52.4 million ($13.96 million) to supply steel pipes for oil and gas to Uruguay-based Tenaris Global Services. The supply contract will run for three months, the company said in a bourse filing. The impact of the deal will reflect in the company’s first-quarter earnings next year.