Todays
Business News
Tadawul edges higher
Saudi Arabia's Tadawul All Share Index (Tasi) gained 0.54% to 6,613, with 67 stocks rising and 41 falling. Alinma Bank, the day's most active stock by value and by volume, rose 0.39% to SR12.90, while fellow market leader Kingdom Holding was unchanged to SR9.50. Samba Financial Group had the day's biggest rise, climbing 4.26 to SR61.00.
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The US stock
market
A stock is a legally binding symbol of ownership in
a company. When you purchase a stock, you actually become
the owner of a part of a company - a share holder. Since
one company can release a lot of stocks, the ownership
is typically spread over hundreds or thousands or owners.
Selling shares in a company is a way for that company
to bring cash to the company.
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