Closing Bell: Saudi main index slips to close at 11,099 arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
RIYADH: Saudi stocks tracked a drop in oil prices to end Tuesday’s trading session lower, with the main TASI index sliding below the 12,000 level. The Organization of the Petroleum Exporting Countries and its allies on Monday agreed on a small production cut of 100,000 barrels a day to bolster prices. Oil prices then fell to hover around $90 a barrel on Wednesday. Brent crude
RIYADH: Saudi stocks closed the previous trading week lower, despite expectations by the International Monetary Fund that the Kingdom’s economy will grow in 2022. The main TASI index fell to 13,534 points, down almost 1 percent on the week, and the parallel market Nomu slipped to 23,830. Elsewhere in the Middle East, stock exchanges of Abu Dhabi, Dubai, Qatar, and Egypt all
RIYADH: In line with most Gulf stock exchanges, Saudi Arabia’s Tadawul closed lower on Sunday as Russia's war in Ukraine fueled volatility in stock markets. Saudi main index, TASI, slipped 0.62 percent to 12,605 points, while the parallel market, Nomu, shed 0.6 percent to 24,640. Indexes in Qatar, Bahrain, and Kuwait all dropped between 0.1 and 1.1 percent. Oman’s stock
RIYADH: The Saudi stock exchange opened flat with positive bias on Tuesday amid a stronger oil market and new company listings. As of 10:20 a.m. Saudi time, TASI was flat at 12,171 points, and the parallel Nomu market edged up by 0.2 percent to 26,219 points. Nomu was led by Alwasail Industrial Co. and AME Co. for Medical Supplies on debut, up 30 percent each. On TASI, Saudi