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RIYADH: Driven by rising investor confidence, Saudi Arabia’s Tadawul All Share Index ended the first session of the week on a positive note, as it went up 59.63 points or 0.55 percent to 10,965.78. On Sunday, parallel market Nomu edged up by 50.12 points or 0.25 percent to 20,063.99, while the MSCI Tadawul 30 Index too climbed by 0.45 percent to close at 1489.21. The total
RIYADH: Saudi Arabia’s main index reversed some of its gains to close lower on the last trading day of the week, as investor concerns shifted over a recession. As of Thursday’s closing bell, TASI, fell 0.47 percent to reach 12,530, while the parallel market, Nomu, gained 1.14 percent at 22,272. Alhokair Group was up 10 percent, leading the market gainers; Wataniya Insurance
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RIYADH: Saudi Arabian stocks traded in green territory for the second consecutive day, even as investors’ worries over the spread of omicron heightened. As of 10:16 a.m. Saudi time, the main index TASI edged up by 0.5 percent to 11,616 points, whereas the parallel market Nomu opened slightly lower at 25,768. Gains were boosted by the Kingdom’s Al Rajhi Bank which added 1.3
Ataa Educational Co. signed a 52 percent acquisition agreement with Al Wasat National Schools for Training and Education Co. (a limited liability firm), in exchange for land presented by Ataa, by transferring of land ownership in favor of Al Wasat National Schools (the subject of acquisition). The company said in a statement to Tadawul that the procedures of the study of financial due diligence were completed by an independent consulting office. Ataa expects that the financial impact of the acquisition will appear, starting from the fourth quarter of the current financial year ending on July ...