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Topic

Saudi Arabia's stock market

Banks buoy Saudi index; other major Gulf bourses dip

Banks buoy Saudi index; other major Gulf bourses dip

Published 28 Apr, 2021 08:39pm
  • Saudi Arabia's benchmark index advanced 2.6%, buoyed by a 4.3% jump in Al Rajhi Bank and a 6.5% increase in petrochemical firm Saudi Basic Industries.
  • In Abu Dhabi, the index dropped 0.6%, hit by a 1.2% fall in the country's largest lender First Abu Dhabi Bank .
Saudi cement firm postpones capital reduction plan amid private sector push

Saudi cement firm postpones capital reduction plan amid private sector push

Published 05 Apr, 2021 09:37pm
  • Yanbu Cement, listed on the Saudi stock exchange Tadawul, had said in January its board had recommended a capital reduction to 1 billion riyals ($266.65 million) from 1.575 billion riyals as the capital exceeded the company's needs.
  • The capital decrease would have happened by cancelling 36.5% of its shares and compensating shareholders.
Saudi shares firm as major Gulf markets end mixed

Saudi shares firm as major Gulf markets end mixed

Updated 08 Mar, 2021 10:16pm
  • Saudi Arabia's benchmark index finished 0.3% higher, with Al Rajhi Bank rising 2% and Samba Financial Group climbing 1.4%.
  • In Dubai, the main share index eased 0.2%, hit by a 1.9% fall in blue-chip developer Emaar Properties and a 1.1% retreat in sharia-compliant lender Dubai Islamic Bank .
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