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RIYADH: Saudi Arabia’s Tadawul All Share Index lost 23.15 points — or 0.22 percent — on Tuesday to close at 10,496.59. While MSCI Tadawul 30 Index fell 0.30 percent to 1,434.66, the parallel market Nomu closed 42.25 percent lower at 19,398.79. TASI’s total trading turnover of the benchmark index was SR3.81 billion ($1.02 billion) as 80 stocks of the listed 224 advanced and 125

RIYADH: Saudi Arabia’s benchmark index fell 105.12 points — or 1.04 percent — on Monday, to close at 10,033.19, trailing the major global indices that plunged in anticipation of the US consumer index report to be released on Tuesday. The apprehension emerges from the US wholesale inflation figures that have been rising for the last two months, and Federal Reserve could hike

RIYADH: Saudi Arabia’s benchmark index recovered on Tuesday after registering a massive fall on Monday, signaling the surging volatility in the market. The Tadawul All Share Index on Tuesday gained 25 points to close at 10,444.27 points after touching a low of 10,282.81 at 10:31 a.m. Saudi time. The recovery came close on the heels of the 304 points crash the bourse witnessed

RIYADH: Information and communications technology firm Perfect Presentation for Commercial Services Co. has set the price range for its initial public offering at SR165-185 ($44-$49) per share, as it kicked off the book-building period on Tuesday. The book-building process for institutional investors, which will end on Oct. 24, will be led by Saudi Fransi Capital, according to

RIYADH: Perfect Presentation for Commercial Services Co. plans to proceed with an initial public offering of a 30 percent stake on Saudi Exchange’s main market. The Saudi Exchange approved the company’s application to list 4.50 million shares on Aug. 9, and the Capital Market Authority approved the listing on Sep. 12, according to a bourse filing. Saudi Fransi Capital was