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RIYADH: The Saudi stock market closed lower this week, dragged down by the energy market. Saudi Arabia's main index, TASI, closed 0.15 percent lower at 12,477 points. Nomu, the parallel market, fell 0.23 percent to 25,228 points. In the energy market, the price of US WTI crude dipped to $91.76 per barrel while Brent crude settled at $93.13 per barrel. Saudi oil giant Aramco’s
RIYADH: Saudi Arabia’s stock market recorded gains for a second straight day on Tuesday in tandem with the oil market, with TASI reaching its highest level since 2006. TASI ended 1.2 percent higher at 12,350 points as listed companies continued to disclose their earnings results. The parallel market Nomu edged up by 0.19 percent to 25,153. The main market will see PIF-backed
RIYADH: Shares of Elm Co. — a digital security firm owned by Saudi Arabia’s Public Investment Fund — soared 30 percent on its market debut on Wednesday. The stock hit SR166 ($44.2), leading the Saudi main index TASI on its first day trading. Based in Riyadh, the company provides secure e-business services and information technology solutions to private and public sector
RIYADH: As stocks continued to rise, Saudi Arabia's main index, TASI, finished higher for the third straight session. As of Wednesday, 3:30 p.m. Saudi time, TASI closed 1.17 percent higher at 12,495 points, while Nomu, the parallel market, gained 0.53 percent to 25,287 points. Digital security firm Elm Co. was the top gainer, soaring 30 percent on its market debut. East Pipes
The stock rose to 166.4 riyals compared to the offer price of 128 riyals