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RIYADH: Saudi stocks opened Wednesday's session in red as investors awaited possible stabilization of oil prices. The main index, TASI, fell 0.19 percent to 11,648, while the parallel market, Nomu, added 1.02 percent to 20,565 as of 10:09 a.m. Saudi time. Abdullah Saad Mohammed Abo Moati for Bookstores Co. led the gainers with 3.93 percent gain, after it posted SR15 million
RIYADH: SABIC Agri-Nutrients Co. plans to continue examining investment opportunities both inside and outside Saudi Arabia, Chairman Abdulrahman Shamsaddin told Argaam. Through the investment plan, the company will establish projects related to the agricultural nutrients industry in order to support its growth strategy for fertilizers and nutrients. Along with conforming to
RIYADH: Saudi Arabian petrochemical firm SABIC Agri-Nutrients Co. has seen a near six-fold jump in its quarterly profits, buoyed by a surge in sales. Despite global logistic hurdles, net profit soared to SR2.5 billion ($670 million) in the first quarter, compared to SR423 million in the same period a year ago, according to a bourse filing. Its revenues more than tripled,
RIYADH: Saudi Arabia’s main stock market crossed the 13,900-level for the first time in 16 years on Monday but gave up gains later in the day due to lower investor sentiment. TASI, as the main index is known, closed flat at 13,814 points, and the parallel market Nomu dropped 0.3 percent to 23,475 points. Elsewhere in the Gulf, stock exchanges of Abu Dhabi, Dubai, Qatar,
RIYADH: Saudi stocks opened lower — reversing two days of gains — in the opening session of Tuesday, amid confusion over the direction of energy prices and a string of negative earnings reports. The Saudi main stock index, TASI, was down 0.71 percent at 13,716, while the parallel market, Nomu, dropped 0.15 percent to 23,440, as of 10:08 a.m. Saudi time. Oil prices continued to