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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 ended flat at the closing bell last Thursday as investors saw a wave of earnings announcements that led to cautious trading, despite a rally in the energy market. The main TASI index closed at 12,179 points and the parallel market Nomu ended at 25,660 points. Main indexes of Qatar, Oman, and Kuwait edged up between 0.1 and 0.2 percent, while
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RIYADH: Saudi Arabian petrochemical firm SABIC Agri-Nutrients Co. has seen a nearly fourfold jump in its profits in 2021, buoyed by an increase in selling prices. Amid global economic recovery in 2021, net profit soared to SR5.23 billion ($1.2 billion), compared to SR1.29 billion a year earlier, according to a bourse filing. Revenues almost tripled, reaching SR9.59 billion,
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