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RIYADH: Saudi Arabia’s main index, TASI, closed lower on Tuesday, following a decline in the oil market. The main index, TASI, closed down 0.19 percent, at 12,226 points, while the parallel market, Nomu, climbed 0.33 percent to 25,366 points. In energy trading, Brent crude reached $90.84 per barrel, and US benchmark WTI traded at $89.69 per barrel as of 3:29 p.m. Saudi time.
RIYADH: Saudi Arabia’s main stock index opened lower on dampened investment sentiment as earnings season gathered momentum. As of 10:44 a.m. Saudi time,The main index — TASI — edged lower by 0.07 percent to reach 12,134, while the parallel market Nomu was up by 0.05 percent to reach 25,227. Fitness Time, or Leejam Sports Co., gained 2.88 percent after reporting its highest
RIYADH: The operator of the largest Saudi gym chain Fitness Time, has swung into its highest ever annual profit in 2021 as more Saudis went back to sport after the lockdowns of 2020. Leejam Sports Co. reported a net profit of SR206 million ($54.9 million) after erasing losses of SR58.7 million from a year ago, according to a bourse filing. This was buoyed by a growth in
RIYADH: Saudi Arabia’s stock market closed last trading week lower, as TASI extended losses, investors remained cautious on omicron fears, and earnings season moved into high gear. In the latest session, TASI slipped 0.4 percent to reach 12,142 points, while the parallel market, Nomu, inched up by 0.1 percent to 25,215 points. The main indexes of Qatar, Bahrain, Oman, and
RIYADH: Saudi Arabia’s stock market got off to a firmer start to the trading week as stocks recovered their poise, fueled by optimistic sentiment, earnings, and record oil prices. TASI, the main index, gained 0.5 percent to 12,204 points, crossing the 12,200 level after two straight days in the red zone. The parallel market, Nomu, edged up by 0.4 percent to 25,316 points.
RIYADH: Saudi Arabia’s stock market closed the previous session lower, as investors stepped back to lock their gains after a multi-day rally. TASI, the main index, edged down by 0.82 percent to 12,192 points, dragged down by some of the Kingdom’s major players. Similarly, the parallel Nomu market dropped by 1.46 percent, reaching 25,186 points. Apart from the Saudi exchange,
RIYADH: Saudi bourse’s main stock index TASI edged up 0.81 percent to 11,261 points in the previous trading session, while most of the GCC stock indices ended lower amid investor uncertainty. The parallel market Nomu dropped 0.81 percent to 27,156 points. As Saudi Arabia’s TASI saw gains, Abu Dhabi’s index ADI dropped 1.8 percent, followed by the UAE’s DFMGI, the Qatari index
Here are a few things you need to know as Saudi stocks start trading on Sunday. 1) National Shipping Company of Saudi Arabia (Bahri) reported a net profit after Zakat and tax of SAR 1.571 billion for the fiscal year 2020. 2) The ownership of the entire share capital in Refan Company for Operation & Maintenance Limited was transferred to National Company for Learning and Education (NCLE). 3) Arabian Centres Co.’s board of directors approved the receipt of all dues from FAS Holding Co. for Hotels (a related party) at a total of SAR 350.3 million as on Sept. 30, 2020. 4) The Capital Market Authority (CMA) approved Halwani Bros. Co.’s request for capital increase through bonus share distribution.
RIYADH: Leejam Sports Co., Saudi Arabia’s largest fitness company, on Dec. 13 opened its first gym in Jeddah under its newly launched brand Fitness Time — Xpress Ladies. More launches have since followed, bringing the total number of outlets Leejam operates to 138 and demonstrating that despite one of the most challenging years since it opened in 2005, it is pushing ahead with its ambitious expansion plans. When coronavirus disease (COVID-19) struck earlier this year, all gyms in Saudi Arabia were closed on March 15 and did not reopen until June 21. “COVID-19 was pretty devastating because we had to close the doors, having an income of millions of riyals to zero overnight,” Leejam CEO Justin Musgrove told Arab News.