RIYADH: Saudi Arabia’s main index recovered slightly after slipping steeply at the beginning of the week, but major central banks’ plans to increase interest rates and the risk of recession remain concerns for investors. The Tadawul All Share Index rose 0.50 percent to end Tuesday at 11,503, while the parallel market Nomu traded flat at 20,218. Saudi oil giant Aramco increased
RIYADH: Saudi and Gulf stocks fell in tandem during a week plagued by inflation worries, looming interest rate hikes, and economic warning signs. The Tadawul All Share Index declined 1.09 percent to end Monday at 11,446, while the parallel market Nomu fell 1.73 percent at 20,230. Qatar's main index experienced a downward movement of approximately 1.7 percent, followed by the
RIYADH: Saudi stocks bucked a regional trend to start the week higher on Sunday, mirroring oil market gains ahead of Monday’s meeting of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+. The Tadawul All Share Index edged up 0.4 percent to finish at 12,194, while the parallel Nomu market jumped 1.5 percent to 21,640. Apart from Saudi Arabia,
RIYADH: Saudi Arabia’s main index traded higher on Tuesday, regaining some of its momentum after closing at one of its lowest levels since January on Monday, as oil prices and concerns about slowing economic growth weighed on investor sentiment. The main index, TASI, added 0.94 percent to 11,468, while the parallel market, Nomu, rose 0.26 percent to 21,097, as of 10:09 a.m.
RIYADH: Saudi Arabia’s main index closed higher on Tuesday, recovering some momentum after dropping to its lowest level in six months earlier this week as concerns about economic growth and oil prices dampened the market. The main index, TASI, added 2.62 percent to 11,659, while the parallel market, Nomu, fell 0.79 percent to 20,875. Rabigh Refining and Petrochemical Co. and