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RIYADH: Saudi’s main index, also known as TASI, and parallel market, Nomu, closed lower on Sunday. At the closing bell, TASI was down 0.53 percent at 13,463, while Nomu fell 0.01 percent to reach 23,832. Elm Co. gained 6.89 percent to lead the gainers, followed by Alkhorayef Water and Power Technologies Co. which rose by 6.33 percent. Salama Cooperative Insurance Co. was down
Logo ofSaudi Home Loans Co. Saudi Home Loans Co. (SHL) will begin trading on the Saudi Exchange (Tadawul) today, April 20, under the banking
RIYADH: Saudi stocks closed slightly higher on Monday, with gains registered by several major companies, causing investors to fear missing out on what appeared to be a rising market. As of the closing bell, Saudi main index, TASI, closed 0.63 percent higher at 13,165, while the parallel market, Nomu, tumbled 1.66 percent to reach 24,445. Shares in ACWA POWER Co. rallied 10
RIYADH: Initial public offering activity on Saudi Arabia’s primary index TASI soared 250 percent in the first quarter of 2022 from a year ago, even as the Ukraine-Russia crisis roiled markets. In what is considered the region’s most active IPO market, the value of initial share sales reached as high as $3.4 billion from $280 million during the same period in 2021. The IPO buzz
RIYADH: As energy market prices eased, Saudi stocks saw their second day of gain this week as investor fears abated. The main index, TASI, finished 0.5 percent higher, reaching 13,064 points for the first time since 2006, while the parallel market, Nomu, surged 3.80 percent to 25,135. The price of Brent crude fell $5.85 to $114.80 a barrel, and WTI crude oil declined $5.72 to