RIYADH: The main index, TASI, started the last trading session of the week flat at 11,735 on the back of investors’ uncertainty over inflation and the possibility of a recession. The parallel market, Nomu, began the day 0.96 percent higher to reach 20,927, as of 10:06 a.m. Saudi time. Aramco, the largest player on the Saudi oil market, started the day in the red, dropping 0.38
RIYADH: Saudi stocks regained some of its momentum on Tuesday, as commodity prices fell, which eased concerns about inflation. The main index, TASI, gained 2.13 percent to 11,671, while the parallel market, Nomu, added 0.55 percent to 20,358. This was led by a 3.32 percent increase in the Saudi oil giant Aramco and a 3.43 percent leap in one of the Kingdom’s biggest lenders,
RIYADH: Saudi stocks saw the second day of gains in early morning trading, spurred by improved sentiment and stable oil prices that eased inflation concerns. The main index, TASI, rose 0.47 percent to 11,567, while the parallel market, Nomu, dropped 0.04 percent to 20,673 as of 10:08 a.m. Saudi time. In energy trading, Brent crude settled at $113.05 a barrel and US West Texas
RIYADH: Saudi stocks failed to rebound again following continued fluctuation in oil prices, which caused inflation fears to spread among investors. The main index, TASI, fell 0.74 percent ending the day at 11,427, while the parallel market, Nomu, dropped 2.10 percent to 20,248. In energy trading, Brent crude settled at $113.77 a barrel and US West Texas Intermediate reached
RIYADH: Saudi stocks rose in the first trading session of the week, easing after steep losses, but investors remain cautious due to upcoming rate hikes by major central banks and global recession risks. The main index, TASI, increased 1.80 percent to close at 11,514, while the parallel market, Nomu, decreased 0.85 percent to 20,552 as of 10:07 a.m. Saudi time. Rabigh Refining