RIYADH: Saudi stocks opened almost flat on Tuesday as investors worried about oil prices’ instability. The main index, TASI, fell 0.02 percent to 11,425, while the parallel market, NOMU, dropped 0.11 percent to 20,225.87 as of 10:07 a.m. Saudi time. In energy trading, Brent crude settled at $117.02 a barrel and US West Texas Intermediate reached $111.43 a barrel, as of 10:18
RIYADH: Saudi stocks dropped for a second straight day on Wednesday, even as Moody’s affirmed the Kingdom’s credit rating at ‘A’ with a stable outlook. The main TASI index lost 0.5 percent to 12,596, and the parallel market Nomu slipped nearly 0.6 percent to 22,206 despite a rise in oil prices. As Saudi Arabia led the fall in the region, fellow Gulf Cooperation Council bourses
RIYADH: Saudi stocks extended their gains on Thursday as investor optimism increased following a strong earnings season. The main index, TASI, gained 0.53 percent to reach 12,656, while the parallel market, Nomu, started flat at 22,020, as of 10:08 a.m. Saudi time. Buruj Cooperative Insurance Co. gained 2.39 percent, leading the market gainers; Wataniya Insurance Co. fell 4.23
RIYADH: Saudi Arabia’s main stock market notched its second day of gains on Wednesday, after listed companies concluded a strong earnings season. TASI surged 2.3 percent to close at 12,588, whereas the parallel market Nomu slipped 1 percent to 22,020. TASI led the gains in the Gulf, followed by Abu Dhabi’s stock market with a 0.9 percent gain and Kuwait’s BKP, up 0.6 percent.
RIYADH: Saudi Arabia’s main index reversed some of its gains to close lower on the last trading day of the week, as investor concerns shifted over a recession. As of Thursday’s closing bell, TASI, fell 0.47 percent to reach 12,530, while the parallel market, Nomu, gained 1.14 percent at 22,272. Alhokair Group was up 10 percent, leading the market gainers; Wataniya Insurance