UK inflation hits nearly 30-year high of 5.5 percent

UK inflation hits nearly 30-year high of 5.5 percent
UK inflation hits nearly 30-year high of 5.5 percent

Thank you for reading the news about UK inflation hits nearly 30-year high of 5.5 percent and now with the details

Jeddah - Yasmine El Tohamy - RIYADH: Saudi Arabia’s stock market recorded gains for a second straight day on Tuesday in tandem with the oil market, with TASI reaching its highest level since 2006.

TASI ended 1.2 percent higher at 12,350 points as listed companies continued to disclose their earnings results. The parallel market Nomu edged up by 0.19 percent to 25,153.

The main market will see PIF-backed digital security firm Elm Co. make its stock market debut on Wednesday.

With the Saudi index leading the gains, most Gulf Cooperation Council stock exchanges saw gains on Tuesday.

Indexes of Abu Dhabi, , Qatar, Bahrain, and Kuwait all advanced between 0.2 and 1 percent, while Oman’s MSX30 inched down 0.1 percent.

Elsewhere in the Middle East, the Egyptian index EGX30 climbed 1.4 percent.

In energy trading, Brent crude reached $93.28 a barrel, and US benchmark WTI traded at $92.19 a barrel as of 9:24 a.m. Saudi time.

Stock news

The Saudi British Bank, known as SABB, has swung from SR4.16 billion ($1.1 billion) net loss to a profit of SR3.2 billion

National Gas and Industrialization Co., or GASCO, has announced that it signed an agreement to acquire 55 percent of Best Gas Carrier Co. at SR29 million

Saudi Industrial Exports Co.’s board has approved a 66.6 percent capital reduction by canceling shares to amortize accumulated losses. The Saudi exchange has announced that the fluctuation limits for the company will be based on a share price of SR341

Arabian Pipes’ board recommended reducing capital by 75 percent to SR100 million

Saudi Public Investment Fund has joined up with Prince Saud bin Fahad and Sultan Holding Co. to acquire an $807 million stake in Zain KSA’s tower infrastructure

Advanced Petrochemical Co. has received the Capital Market Authority’s approval for a capital increase from SR2.1 billion to SR2.6 billion through offering bonus shares

solutions by stc, a unit of Saudi telecom giant stc, has posted an 18.6 percent increase in net profit last year. The company also announced its board’s recommendation to payout SR475 million cash dividends, or SR4 per share, for 2021

Yamama Cement Co. has reported a 60 percent decline in profit for 2021

Arabian Contracting Services will rent 40 digital billboards at an amount of SR1 billion over 10 years

Tourism Enterprise Co., also known as Shams, said its board has recommended a capital increase of 1000 percent to support the company’s growth

Al-Othaim Markets said it will distribute dividends of SR180 million, or SR2 per share, for the second half of 2021

Saudi Fransi Capital announced that Taleem REIT has acquired four educational properties at SR148 million


Feb. 16, 2022

Digital security firm Elm Co. will list on TASI

Feb. 17, 2022

End of Tibbiyah’s IPO individual investors’ subscription

End of Al Dawaa Medical Services Co. IPO book-building process


These were the details of the news UK inflation hits nearly 30-year high of 5.5 percent for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Closing Bell: Saudi main index dips for the second consecutive day 
NEXT British Airways to resume Jeddah operations, enhancing UK-Saudi connectivity

Author Information

I am Jeff King and I’m passionate about business and finance news with over 4 years in the industry starting as a writer working my way up into senior positions. I am the driving force behind Al-KhaleejToday.NET with a vision to broaden the company’s readership throughout 2016. I am an editor and reporter of “Financial” category. Address: 383 576 Gladwell Street Longview, TX 75604, USA Phone: (+1) 903-247-0907 Email: [email protected]