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RIYADH: Saudi Arabia’s benchmark index TASI ended flat at 12,291 last week, amid a wave of earning reports and declining oil prices. The UAE and Qatar indexes were down as a drop in oil prices dragged down shares, but other Gulf peers recorded slight gains. Abu Dhabi, Dubai, and Qatar lost 0.3, 0.5, and 0.1 percent, respectively, while Kuwait, Bahrain, and Oman advanced
RIYADH: Shares of Elm Co., a Saudi-based digital security firm, fell as they started trading on Sunday, despite a 59 percent profit surge in the first half of 2022. The company’s share price was down 1.2 percent to SR290 ($77) per share by 10:18 a.m. Saudi time. Its profit soared to SR444 million, compared to SR279 million in the previous year's first half, according to a
RIYADH: Dragged down by falling oil prices, Saudi Arabia’s main index declined 0.6 percent to reach 12,216 on Sunday. The parallel market, Nomu, finished 0.28 percent lower at 21,776. This was led by a 1.13 percent decline in oil giant Saudi Aramco, and 1.49 percent in the Kingdom’s largest valued bank, Al Rajhi. Elm Co. sank 2.86 percent, despite announcing a 59 percent surge
RIYADH: Saudi Arabia’s main index started slightly lower on Tuesday in the face of a global economic downturn triggered by inflation and rising interest rates. The main index, TASI, started down 0.11 percent at 12,325, while the parallel market, Nomu, started flat at 21,487, as of 10:06 a.m. Saudi time. This was led by a 4.73 decline in Bank Aljazira to lead the fallers,
RIYADH: Saudi initial public offerings are on course for a record year, as the number of listings in the first half of 2022 has already surpassed those of last year, according to the chairman of the Capital Market Authority. “Undoubtedly, the number of IPOs we have for listing and offering is the largest that it has been,” Mohammed Elkuwaiz told Arab News.