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RIYADH: Stocks in Saudi Arabia fell Tuesday at the closing bell after mixed earnings results from major firms and rising inflation were digested by investors. The main index, TASI, fell 2.21 percent to 13,509, while the parallel market, Nomu, dropped 1.62 percent to 23,094. Saudi Arabia’s oil giant closed 0.22 percent higher as its shares soared to a market cap of $2.463
RIYADH: The Saudi main index, also known as TASI, and parallel market, Nomu, both edged higher on Thursday. At the closing bell, TASI was up 0.66 percent, while Nomu rose 1.17 percent. As Ramadan has ended, the exchange will be closed until May 8. Saudi Enaya Cooperative Insurance Co. rose 9.96 percent to lead the gainers. Among other stocks that ended the week in positive
RIYADH: Saudi stocks opened lower during the first trading session of the week following investors' confusion over price movements in the energy market. Both the main index, TASI, and the parallel market, Nomu, opened 0.58 percent lower at 13,456 and 23,693 points, respectively, at 10:09 a.m. Saudi time. Oil prices closed Friday lower, with Brent crude reaching 106.65 per
RIYADH: Saudi stocks closed the previous trading week lower, despite expectations by the International Monetary Fund that the Kingdom’s economy will grow in 2022. The main TASI index fell to 13,534 points, down almost 1 percent on the week, and the parallel market Nomu slipped to 23,830. Elsewhere in the Middle East, stock exchanges of Abu Dhabi, Dubai, Qatar, and Egypt all
RIYADH: Saudi-based digital security firm Elm Co. reported a 48 percent increase in profits on a quarterly basis as revenues skyrocketed. The firm's profit soared to SR250 million ($66 million), compared to SR169 million in the previous year's first quarter, according to a bourse filing. This came as revenues rose almost 41 percent to SR318 million, leading to a 48 percent