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RIYADH: Saudi Arabia’s main index ended the week’s final session in the red on Thursday, as investors were alarmed by the Kingdom’s annual inflation rate topping three percent for the first time in 14 months. The Tadawul All Share Index finished the week’s final session with a 0.54 percent decline at 11,829, while the parallel market Nomu ended with a 0.35 percent gain at ....
RIYADH: Saudi Arabia’s main index started the week in the red, with investors remaining alarmed by the Kingdom’s annual inflation rate surpassing 3 percent for the first time in 14 months. The Tadawul All Share Index began the week with a 0.22 percent drop at 11,803, while the parallel market Nomu started with a 0.65 percent gain at 21,060, as of 10:09 a.m. Saudi time. Saudi ....
RIYADH: Saudi British Bank has completed a deal to trade certain lines of business between HSBC Saudi Arabia and Alawwal Invest Co. The deal, which is valued at SR1.2 billion ($319 million), involves lines of business including asset management, retail margin lending, and retail brokerage, which are estimated to be worth approximately SR767 million. In May, SABB announced that ....
RIYADH: Saudi Arabia’s main index declined in the first session of the week, amid cautious investor sentiment ahead of domestic inflation data and the Federal Reserve’s interest rate announcement. The Tadawul All Share Index shed 2.18 percent to end Sunday at 11,572, while the parallel market Nomu slipped 1.62 percent at 20,585. Saudi oil giant Aramco ended the session with ....