Further to the signing of a Sale and Purchase Agreement and a Share Swap Agreement in April 2022, and after obtaining relevant approvals from the regulators and shareholders,.
RIYADH: Saudi stocks gained in the first trading session of the week, recovering slightly following steep declines due to fears over interest rate hikes and a potential recession. The main index, TASI, surged 1.8 percent to close at 11,513, while the parallel market, Nomu, shed 0.9 percent to 20,681. Most Gulf stock exchanges advanced in line with Saudi Arabia, with Qatar’s
RIYADH: Saudi Arabia’s main stock index TASI fell below the 12,000 level for the first time in months on Wednesday, as investor fears shifted to a possible global recession. TASI dropped 0.35 percent to close at 11,978, and the parallel market Nomu shed almost 1 percent to 21,301. Stock exchanges of Qatar, Egypt, and Oman retreated in line with Saudi Arabia. However, Dubai’s
RIYADH: Saudi Arabia’s stock market continued to fall as investors' sentiment felt mixed after the US Federal raised interest rates to their highest levels in decades to combat inflation. The main index, TASI, fell 1.29 percent ending the session at 11,824, while the parallel market, Nomu, added 0.95 percent to 21,504. In energy trading, Brent crude reached $116.83 a barrel