RIYADH: Saudi Arabia’s benchmark index ended Monday higher after a wave of earnings reports boosted investor sentiment. The Tadawul All Share Index added 0.66 percent reaching 12,297, while the parallel market, Nomu, climbed 1.36 percent at 22,072. The Saudi British Bank climbed 1.44 percent, while the Kingdom’s oil giant Saudi Aramco added 0.13 percent. The Saudi National
RIYADH: Saudi stocks started the week lower on Sunday, after worries over recession pushed oil prices to their lowest levels since February. TASI closed 0.6 percent down at 12,216 points, while the parallel Nomu market lost 0.3 percent to 21,776 points. The Kingdom posted a SR77.9 billion ($20.8 billion) budget surplus during the second quarter of 2022, the Ministry of Finance
RIYADH: Saudi Arabia’s main stock index TASI has gained 9 percent in 2022 to reach 12,310 points as of Aug. 2, led by a 106 percent surge in the shares of Public Investment Fund-owned utility provider ACWA Power. Despite ongoing geopolitical hurdles weighing on markets globally, some stocks on the index have seen double-digit jumps in their share price, according to Argaam
RIYADH: Saudi Arabia’s stock market extended gains on Wednesday on the back of strong earnings in the banking sector as well as rising oil prices. The main index TASI advanced 0.7 percent to 12,052. Similarly, the parallel Nomu market was up 0.2 percent to 20,823. TASI was supported by gains in some of its biggest banks, including the Kingdom’s largest lender Saudi National
RIYADH: The Saudi main index started the week’s final session higher, buoyed by strong results from the Kingdom’s banking sector, which lifted investor hopes, despite the GCC's central banks increasing their interest rates on Wednesday by three quarters of a percentage point. TASI edged 0.64 percent higher reaching 12,128, while the parallel market, Nomu, started flat at