RIYADH: Saudi Arabia’s main index started slightly lower on Tuesday in the face of a global economic downturn triggered by inflation and rising interest rates. The main index, TASI, started down 0.11 percent at 12,325, while the parallel market, Nomu, started flat at 21,487, as of 10:06 a.m. Saudi time. This was led by a 4.73 decline in Bank Aljazira to lead the fallers,
RIYADH: Saudi stocks extended gains on Monday on the back of strong earnings and economic growth, after logging a monthly gain of 5.9 percent for July. Tadawul’s TASI was up 1.2 percent to 12,338, while the parallel Nomu market advanced 0.5 percent to 21,502. The Kingdom’s gross domestic product grew at the fastest rate since 2011 at 11.8 percent in the second quarter of 2022,
RIYADH: Saudi-listed Bank AlJazira has recorded an 11 percent rise in profit to SR633 million ($167 million) for the first half of 2022, propelled by a drop in expenses. This is up from SR573 million in the same period last year, the Saudi lender announced in a bourse filing, adding that it will distribute a half-year cash dividend of SR0.4 per share. Bank AlJazira’s expenses