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RIYADH: Saudi stocks opened higher for the second straight day, driven by positive market moves. As of Monday, 10:24 a.m. Saudi time,the main index, TASI, edged up 0.50 percent to 12,526 points. The parallel market, Nomu, edged down 0.26 percent to 25,045 points. In the financial sector, the Kingdom’s largest valued bank, Al Rajhi Bank, fell by 0.60 percent, while Alinma Bank
RIYADH: Saudi Arabia's main index, TASI, rose on Monday, as oil prices increased and stocks continued to rise. At the closing bell, TASI, climbed 0.79 percent to 12,562 points. The parallel market, Nomu, dipped by 0.38 percent to 25,014 points. Brent crude stood at $93.95 per barrel. The US benchmark WTI was at $91.56 per barrel at 2:55 pm Saudi time. Shares in the largest
RIYADH: As investor sentiment was fueled by strong earnings, Saudi Arabia’s main TASI index neared 12,500 points last week for the first time since 2006. At Thursday's closing bell, TASI edged slightly lower to end at 12,476 and the parallel Nomu market was down 0.23 percent to 25,228. Shares in recently listed Elm Co. — a digital security firm owned by the Kingdom’s wealth
RIYADH: Saudi Arabia's main share index rose for a fourth straight day as listed companies continued to disclose strong earnings results. As of Thursday, 10:10 a.m. Saudi time, TASI index was up 0.08 percent to 12,507, while the parallel market, Nomu, gained 0.01 percent to 25,291. Elm Co. led the gainers in early trading, up 15 percent, while Tihama Advertising and Public
RIYADH: Saudi Arabian digital security business Elm Co. has seen its shares soar over 50 percent since its market debut yesterday, reaching SR196. The price it floated at was SR128, according to the Saudi exchange. As of 1:00 pm Saudi time, the company saw SR2 billion worth of shares traded, with a volume of 10.3 million shares Owned by the Public Investment Fund, the stock