Egypt's Orascom Telecom (OT) defied a regional market decline on Tuesday, soaring 5 percent after its executive chairman agreed to merge most of his telecom assets with Russia's Vimpelcom. Orascom surged in more than double its recent average tra
Riyadh-based Tadawul All Share Index (Tasi) stabilised Tuesday, closing 0.01% higher at 6,396.41 points. Advances in the petrochemical sector prevented the market from falling further, as most segments ended in the red. Yanbu National Petrochemical Co
Following a weak start on Saturday, the Saudi Arabian Tasi stock market index agined 0.37% Sunday, to close at 6,420.70. Saudia Dairy & Foodstuff .Co posted the largest advance (up 6.58% at SR40.50 followed by National Petrochemical Company (gain
Saudi Arabian shares declined for the fourth straight day as US stocks fell on lingering concern that Europe's government debt crisis may threaten the economic recovery. The Tadawul all share index gauge fell 0.22 per cent to 6,378.39 at 2:01pm in
Saudi Arabian shares advanced for the first time in four days as government and industry reports from the US and China fueled confidence in a global and Saudi economic recovery. The benchmark Tadawul All Share Index (TASI) gauge advanced 0.07 percent t
Banking stocks help Saudi shares end a three-day losing streak at the end of a volatile session during which Zain Saudi Arabia dominates trade after a bid to buy its main shareholder. The index ends barely 0.1 percent higher at 6,397 points, having
Gulf stock markets closed the week mixed as investors looked ahead to third quarter results, due to start coming out next week, financial analysts said Friday. Meanwhile, world stock markets mostly rose Friday after economic data from the US and Chi
Arab stock markets closed last week mixed as investors turned their attention to the third quarter results which are due to be released next week, financial analysts said Friday. However, they expected regional stocks to pick up in the coming weeks du
Saudi Arabia’s benchmark Tadawul All Share Index (TASI) ended 0.18 percent lower to 6,392.39 points Wednesday for a third day in a mixed session for the bluechips. Al Rajhi Bank fell 0.9 percent and Saudi Telecom Co dropped 0.8 percent. Defensive s
Saudi Arabia's Tadawul market declined 0.18% to close at 6,392.39. The talk of the day in the GCC were rumors that the UAE telecom giant Etisalat aims to buy 46% in Kuwait's Zain Telecom, worth around $11bn. Saudi Telecom (STC) failed to reap bene