RIYADH: Saudi Arabia’s main stock index hit its lowest close since last December on Sunday, mirroring a drop in oil prices. TASI, as the main index is known, lost 4.44 percent to 11,299, and the parallel market, Nomu, declined 3.55 percent to 20,740 at the closing bell. Elsewhere in the Middle East, stock exchanges of Qatar, Egypt, Bahrain, and Kuwait shed between 1 percent
RIYADH: Saudi Arabia’s main index struggled to regain momentum at Monday’s closing bell. Despite ending in green, it remained at one of its lowest levels since January. This was in response to aggressive interest rate hikes around the globe, causing investors to be alarmed about the economy. At Monday’s close, the Tadawul All Share Index added 0.55 percent to 11,361, while the
RIYADH: Saudi Arabia’s main index started Monday morning almost flat after hitting its lowest close since last December on Sunday as global equity markets were shaken by aggressive interest rate hikes. TASI added 0.04 percent to 11,303, while the parallel market, Nomu, rose 0.10 percent to 20,761, as of 10:07 a.m. Saudi time Saudi Pharmaceutical Industries and Medical
Shaker Group, a leading Saudi manufacturer and distributor of air conditioners and home appliances, said it has reached an agreement with leading Buy Now Pay Later (BNPL) company Cashew Payments to acquire a 40% stake in its Saudi unit - Cashew KSA.