Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
RIYADH: Saudi Arabia’s Tadawul All Share Index, closed 42.30 points higher or 0.14 percent on Thursday to end at 10,290.42, pitting itself against the negative sentiment that clouded the global markets after the US Federal Reserve’s interest rate hikes. The benchmark index swung heavily between gains and losses, scaling to a high of 10.294.65 at 10:38 a.m. Saudi time and
RIYADH: Saudi Arabia’s benchmark index on Thursday fell 74.26 points to close at 10,840.74 after touching a peak of 10,957.64 at 10:20 SAST, reflecting a sense of ambiguity among investors. The parallel market Nomu also finished its trail 497.85 points lower at 18,903.74 after snowballing to 18,778.82 at 11:53 SAST. The advance-decline ratio, however, bucked the trend, with
The top 10 banks in Saudi Arabia witnessed robust growth in profitability as net profit increased 9.3 percent quarter-n-quarter (QoQ) resulting in a return on equity (RoE) of 14.8 percent in the third quarter (Q3) of 2022, a report said.