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RIYADH: Saudi Arabia’s Tadawul All Share Index continued its downward trend on Tuesday, losing 56.43 points or 0.52 points to close at 10,849.05. Parallel market Nomu edged up 73.42 points or 0.37 percent to 20,112.57, while the MSCI Tadawul 30 Index dipped 0.64 percent to 1472.18. The total trading turnover of the benchmark index was SR5.10 billion ($1.36 billion). The top
RIYADH: Saudi Arabia’s Tadawul All Share Index rose for the third session in a row on Monday as it went up 4.25 points – 0.04 percent – to 10,463.61, as investors’ confidence grew on encouraging market conditions. On Monday, parallel market Nomu also went up, by 16.15 points or 0.908 percent, to close at 19,247.78, while the MSCI Tadawul 30 Index went down by 0.23 percent to
RIYADH: Saudi Arabia's stock market gained on Sunday as the non-oil private sector continued to grow in May in spite of rising output costs. The main index, TASI, closed 0.40 percent higher at 12,656 , while the parallel market, Nomu, closed 1.30 percent lower at 22,547. Qatar's stock exchanges gained in line with Saudi Arabia, as the QSI index gained 0.1 percent, while
RIYADH: Saudi Arabia's main index, TASI, closed higher for the second straight session, boosted by a promising earnings season, as stocks continued to rise. As of Tuesday, 3:30 p.m. Saudi time, TASI closed 1.20 percent higher at 12,351 points, and Nomu, the parallel market, gained 0.19 percent to 25,153 points. Zain KSA gained 1.5 percent, after announcing that it would be
RIYADH: Sadr Logistics Co. announced the resignation of its chief executive officer Abdulrahman Al-Hadlaq on Feb. 7, according to a bourse statement. Al-Hadlaq resigned due to “his practical obligations”, the statement revealed. Following approval by the company’s board, Bandar Al-Samaani was delegated to take over the duties of the CEO until a replacement is appointed. With a