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RIYADH: Last week, Saudi Arabia’s main stock index TASI wrapped up ten straight days of gains amid heightened investor sentiment. Earnings season is starting to get into full swing for the Kingdom’s listed companies. In the latest session, TASI gained 0.3 percent to reach 12,291 points, while the parallel market Nomu slipped 0.3 percent to close at 26,071 points. Other GCC
Oman’s Ras Markaz crude storage outside the strategic Strait of Hormuz will come onstream by the end of the second quarter of 2022 with an initial capacity of 26.7 million barrels, which could be later increased depending on demand from investors, state-run Oman News Agency reported Dec. 29, citing an official. Infrastructure to store crude ...
RIYADH: Saudi stock market index TASI opened 0.64 lower at 11,088 points amid coronavirus worries. The parallel market Nomu rose slightly by 0.46 percent to reach 27,175 points. Almunajem Foods Co. topped the gainers in early trade, surging more than 9 percent to SR65.5 ($14.45) on its first day trading on TASI. Al Sagr Insurance and Saudi Industrial Development Co. came next,
RIYADH: Saudi Tadawul’s main index TASI fell 0.63 percent on Sunday’s opening bell, down to 11,240 points, after rising for the past five consecutive days. The parallel index Nomu remained flat at 25,968 points. The highest gainer of the session was Naseej International Trading Co., up 4 percent to SR33.8 ($9). Saudi Basic Industries Corp., or SABIC, weighed most on the index,
RIYADH: The Saudi stock market ended the session on Tuesday, up 0.8 percent or 85 points, to close at 11,256 points. Some 184.9 million shares changed hands in 327,000 deals, with heavy trading in Al Rajhi bank, Alinma Bank, Nayifat Finance Company. The parallel Nomu index was down 437.12 points, or 1.84 percent, it closed at 23,282.72 points, after 437,000 trades. AlRajhi