Saudi Arabia's Knowledge Economic City will start an initial public offering on Monday to raise 1.02 billion riyals ($272 million), the firm's chief executive said. The IPO, which will offer 30 percent of the company through issuing 102 million sh
Arab stock markets lost fresh ground last week as investors continued to come under psychological pressure from the euro zone debt crisis and plummeting oil prices mainly due to European growth fears, financial analysts said. The plunge was led by S
Petrochemical, cement and banking stocks led Saudi shares to their lowest close in more than three months after oil prices fell on concerns over global demand. The Tadawul All-Share Index (TASI) closed 1.34 percent down at 6,315.46 points, its lowe
Saudi Arabian stocks fell to the lowest level in three months, led by petrochemical companies, as oil closed near the lowest this year and European shares declined on concern economic growth may slow. Saudi Basic Industries Corp., the world’s larg
The following stocks may rise or fall in Saudi Arabia’s market. Stock symbols are in parentheses and prices are from the last close. The Tadawul All Share Index retreated 2.4 percent, to 6,401.06, the lowest level since Feb. 16. National Shipping Co.
Gulf stock markets lost fresh ground this week, tracking declines on international markets as Greece’s debt crisis and a plunging euro currency spurred investors to dump riskier assets. Investors continued to come under psychological pressure mainly d
Saudi shares continued their downward trend last week with the petrochemical sector spearheading the decline. The Tadawul All-Share Index (TASI) plummeted 4.34 percent last week, closing at 6,401.06 points. The performance of the Saudi market last we
Saudi stocks declined to the lowest in three months, leading a drop in Gulf stocks, as oil fell for a seventh day and European shares slid after Germany introduced trading restrictions, sparking concern regulation will increase. The benchmark Tadawul
The Tadawul All Share Index (TASI) fell Wednesday to its three month low after losing 156.03 points; down 2.38 percent to close at 6401.06 points. The sector activity was negatively biased with losses seen all across the board and all sectors clos
Saudi Arabian stocks declined to the lowest in two months, leading a drop in Gulf stocks, as oil fell for a seventh day and European stocks slid as Germany introduced trading restrictions, sparking concern regulation will increase. Saudi Basic