Saudi Arabia's stock market Tadawul started with modest gains abut failed to sustain its advances and ended 0.25% lower at 6,262.56 points. Energy shares suffered from profit taking with market bellwether Sabic plummeting 4.30% to SR89.00. The banks a
Saudi Arabian stocks rose for a fourth day on Saturday as confidence in the economic recovery drew investors to lower-priced shares. Saudi Basic Industries Corp.(SABIC), the world’s largest petrochemical maker, Al Rajhi Bank and Banque Saudi Frans
Saudi shares closed with their biggest one-day gain this month helped mainly by heavyweight petrochemical stocks, after oil prices closed the week on a positive note. The Tadawul All-Share index (TASI) ended 2.74 percent higher at 6,278.26 points af
Saudi Arabian stocks rose for a fourth day as confidence in the economic recovery drew investors to lower-priced shares. Saudi Basic Industries Corp., the world’s largest petrochemical maker, Al Rajhi Bank and Banque Saudi Fransi, helped the Saudi
Saudi shares scored strong gains at the end of the week, finding support from oil prices which rose at a certain juncture above $75 a barrel after falling below $65 over the past couple of weeks. The Tadawul All-Share Index (TASI) gained 1.83 perc
Saudi Arabia’s stock benchmark Tadawul All Share Index (TASI) advanced for a third day as rising oil prices boosted sentiment in the world’s top crude exporter. Saudi Basic Industries Corp (SABIC) added 2.6 percent, Samba Financial Group climbed 4.6
Kuwait's Zain fell on Wednesday following the completion of its $9 billion asset sale, weighing on country's index, which was left teetering above Sunday's 2010 low. Dubai also extended losses to reach a 14-month low and Qatar declined, but other
In line with the recovery at Western stock markets the Saudi Arabian Tadawul All Share Index (Tasi) advanced 1.85% and closed at 6,110.98 points, well above the psychological important resistance level at 6,000.00 points. Higher oil prices, adva
UAE-based Al Mal Capital said it has received approval from the Capital Market Authority (CMA) in Saudi Arabia to expand its range of activities to include asset management and investment banking, alongside its existing brokerage business. Soon afte
Saudi Arabian shares advanced to the highest level in more than a week led by petrochemical companies as oil rose for a second day and on speculation the past month’s drop may have been overdone. Saudi Basic Industries Corp., the world’s largest