Saudi Arabia’s stocks rose a second day Monday, buoyed by Saudi Basic Industries Corp (SABIC) which climbed after reporting a 46-percent jump in quarterly earnings. The Tadawul All Share Index rose 0.39 percent to close at 6,285.24 points, the hig
Derayah Financial, a CMA certified investment company in Saudi Arabia, has launched the first unified equity trading platform in the region. The platform allows investors in the Middle East to trade across the most important local, regional and
The Saudi bourse rose on Monday, buoyed by Saudi Basic Industries Corp. (SABIC) which climbed after reporting a 46-percent jump in quarterly earnings. Regional markets were mixed, with Egypt falling for a third consecutive session. SABIC, the worl
Saudi Arabia’s stocks rose a second day, driven by gains in Saudi Basic Industries Corp. after the world’s biggest petrochemicals maker said third-quarter profit surged 46 percent, beating expectations. Sabic advanced to the highest intraday level in a
Saudi shares closed at its six-week low ahead of quarterly-earning announcement by chemical heavyweight Saudi Basic Industries Corp (Sabic) and after US oil prices posted their first weekly loss in four weeks. The all-share index ended 1.2 per cent d
Saudi Arabian shares fell for a fourth day after banks in the kingdom reported lower third- quarter profit on provisions for bad loans. The Tadawul All Share Index lost 1.2 percent at 6,226.78, the lowest since Sept. 1, in Riyadh. Saudi Basic I
Saudi Arabian shares fell for a fourth day after banks in the kingdom reported lower third- quarter profit on provisions for bad loans. The Tadawul All-Share Index (TASI) lost 1.2 percent at 6,226.78 points, the lowest since Sept. 1. The sector a
Saudi Arabian shares fell for a fourth day after banks in the kingdom reported lower third- quarter profit on provisions for bad loans. The Tadawul All Share Index lost 1.2 percent at 6,226.78, the lowest since Sept. 1, in Riyadh. Saudi Basic I
Despite rising oil prices, Saudi stocks were the regions major loser last week, mainly due to disappointing third quarter results of the banking sector. The Tadawul All-Share Index (TASI) shed 1.79 percent on a weekly basis to close at 6,302.52 po
Saudi Arabia’s Tadawul All Share Index (TASI) slipped to a five-week low on disappointing bank results on Wednesday, while other Middle East markets ended positive. The Saudi index fell 0.7 to end at its lowest close since Sept. 5, Al Rajhi Bank s