SASE:2180

2 stories mentioning SASE:2180Updated 12d ago

Every FINWIRES story that references SASE:2180, newest first.

What's the latest news on SASE:2180?

Tadawul Shares Close Week Lower as Saudi Arabia's Industrial Production Declines

The Tadawul All Share Index ended the week 0.08% lower on Thursday as the downbeat preliminary data in Saudi Arabia's latest economic release dampened investor sentiment.According to preliminary data, the General Authority for Statistics reported an 8.1% year-over-year decline in Saudi Arabia's industrial production in July. Month-over-month, industrial production rose 10.4%."The index of oil activities in July 2026 decreased by 11.4% compared with the same month of the previous year, while the index of non-oil activities decreased by 0.3%. The results also indicate that the index of oil activities increased by 16.3%, and the index of non-oil activities decreased by 0.2% compared with June 2026," the report said.Also making headlines, Pakistan reportedly sent a warning to Iran regarding the Houthi group's attacks on Saudi Arabia, Reuters reported. The sources said that the warning aims to prevent a wider Middle Eastern conflict.In local corporate news, Filling and Packing Materials Manufacturing Co. (SASE:2180), d/b/a Fipco, shares closed 2.34% in the red as it extended its share purchase deal for its Bina Industrial Investment acquisition by 270 days.Meanwhile, the board of Sabic Agri-Nutrients Co. (SASE:2020) cleared its final investment decision for an integrated industrial complex project to boost its urea production capacity. Shares of the petrochemical company closed 0.87% higher.

^TASISASE:2020SASE:2180

Asia Markets138d ago

Tadawul Shares End Week Higher as Saudi Arabia's April Business Confidence Index Ticks Up

Saudi Exchange-traded shares closed out the week higher as the improving business optimism in Saudi Arabia pushed the Tadawul All Share Index to 0.75% in the green on Thursday.The kingdom's business confidence index in April increased to 54.5, up from 52.1 in March, with the separate confidence indices for the industry, construction, and services also rising during the reporting period, according to a report from the General Authority for Statistics.Also boosting sentiment is the prospect of the US and Iran inching closer to the end of their conflict. A Pakistani source said that both sides are working on a temporary deal that would stabilize the Strait of Hormuz, as well as stop the conflict from restarting, Reuters reported."Reports of a US-Iran peace deal are gaining credibility, with Pakistan's foreign ministry stating it expects a resolution 'very soon' and Washington anticipating an Iranian response within 48 hours. Even if a deal is struck, Rystad Energy cautions that the consequences for physical oil markets will be slower and more conditional than futures prices are currently pricing in," Rystad Energy said in a note. "This is not a resolution, it is a structured pause, a distinction that matters enormously for physical barrels."Back at home, another wave of earnings reports came in, with Saudi Public Transport Co. (SASE:4040), d/b/a Saptco, and Filling and Packing Materials Manufacturing (SASE:2180), d/b/a Fipco, swinging to a profit in the three months ended March 31. Middle East Paper Co. (SASE:1202), d/b/a Mepco, however, turned to a loss for the March quarter.Saptco and Mepco closed 10% and 0.28% in the red, respectively. Fipco closed 2% higher.Meanwhile, National Co. for Learning and Education (SASE:4291), or NCLE, shares edged down 0.75% as it secured long-and short-term Sharia-compliant credit facilities totaling 230 million Saudi riyals. The funding will be used for its expansion plans.

^TASISASE:1202SASE:2180SASE:4040SASE:4291

Track with the FINWIRES app suite

FolioX

Track SASE:2180 in your portfolio

WheelAI

Analyze SASE:2180 options with the wheel strategy

StockInsider

See market sentiment on SASE:2180