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 gained in the first trading session of the week, rebounding slightly following steep declines, despite fears about upcoming rate hikes and a recession. The main index, TASI, gained 1.79 percent to close at 11,513, while the parallel market, Nomu, shed 0.85 percent to 20,681. Saudi Arabia Refineries Co. and National Gypsum Co. both surged 10 percent to lead
RIYADH: Saudi stocks rose in the last trading session but continued to trade at a low level, with persistent worries that a global recession could be triggered by rising interest rates. The main index, TASI, increased 0.28 percent to reach 11,351, while the parallel market, Nomu, fell 0.10% to 20,630, as of 10:07 a.m. Saudi time. Al Moammar Information Systems Co. climbed 4.89
RIYADH: Saudi Arabia’s main stock market ended Monday with another steep decline, as concerns over the global economy and mixed earnings reports tempered investor optimism. TASI lost 0.8 percent to 12,235, while the parallel market Nomu added 0.15 percent to 22,363. Dubai’s stock market led the fall in the Gulf as it shed 2.5 percent, followed by indexes of Abu Dhabi and