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RIYADH: Saudi stocks jumped on Wednesday, thanks to strong first-half earnings despite mixed results from the insurance and cement sectors. TASI the main index added 0.8 percent to 12,646, while the parallel Nomu market lost 2.3 percent to 21,533, as information technology consulting firm Saudi Networkers Services Co. made a weak stock market debut. Gulf peers advanced in line ....
RIYADH: National Gas and Industrialization Co., or GASCO, is studying the feasibility of partnering with UK’s Aburi Composites and Saudi-based Front End Co. to operate a joint cylinder factory. Once the deal is finalized, the joint factory will be specialized in manufacturing composite cylinders, Nomu-listed GASCO said in a bourse filing. This aligns with its strategy and ....