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Closing Bell: TASI recovers from surging volatility to close at 10,444 points

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 ....

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Here's what you need to know before Tadawul trading on Thursday

RIYADH: Saudi Arabia’s stock market rebounded on Wednesday, tracking a recovery in oil prices as they surpassed $100 a barrel. TASI edged 0.2 percent higher to 12,443, while the parallel Nomu market added 0.3 percent to end at 21,633. Likewise, the stock exchanges of Qatar and Dubai advanced by 0.4 and 0.9 percent, respectively. Abu Dhabi, Oman, and Kuwait finished lower, ....

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Saudi Tabuk Agricultural extends losses to $7m in first half

RIYADH: Tabuk Agricultural Development Co. has seen its losses widen by 10 percent to SR28 million ($7 million) during the first half of 2022. The company’s net losses widened from SR25 million losses reported in the same period last year, according to a bourse filing. This rise in losses was mainly caused by a lower rental income, higher selling and distribution expenses, ....

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Here's what you need to know before Tadawul trading on Thursday

RIYADH: Saudi stocks jumped on Wednesday, thanks to strong first-half earnings despite mixed results from the insurance and cement sectors. TASI the main index added 0.8 percent to 12,646, while the parallel Nomu market lost 2.3 percent to 21,533, as information technology consulting firm Saudi Networkers Services Co. made a weak stock market debut. Gulf peers advanced in line ....

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Here's what you need to know before Tadawul trading on Monday

RIYADH: Saudi Arabia’s stock market closed lower for a second consecutive session on Sunday as investor sentiment was dragged down by weak earnings results. The main index TASI dropped 0.8 percent to reach 12,334, while the parallel market Nomu lost 0.8 percent to 22,329. Kingdom Holding Co. soared 9.9 percent after Saudi Arabia's Public Investment Fund acquired a SR5.7 ....

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