RIYADH: Saudi Arabia’s main stock market closed higher on Wednesday to lead the GCC, as investor sentiment was buoyed by strong earnings results. TASI the main index advanced 1 percent to 13,643, and the parallel market Nomu slipped 0.1 percent to 23,634. Dubai recorded the second-highest gains among GCC members as it added 0.6 percent. Abu Dhabi, Oman, and Kuwait’s bourses
RIYADH: Saudi stocks closed lower in the previous session, as Fitch revised the ratings of major listed companies and earnings continued to kick in. TASI the main index slipped 0.3 percent to 13,503, and the parallel market Nomu edged up by 0.6 percent. Among the heaviest weights on TASI, oil giant Aramco and SABIC both advanced, after Fitch Ratings revised their long-term
RIYADH: A plunge in oil prices weighed on major Gulf markets on Monday, but Saudi Arabian stocks bucked the trend to close higher. Even as TASI the main index advanced by 0.6 percent to reach 13,543 points, the Kingdom’s parallel market, known as Nomu, shed 1.3 percent to 23,521 points. Stock exchanges of Qatar, Abu Dhabi, and Dubai dropped 1.6, 0.9, and 0.8 percent,
RIYADH: Saudi stocks closed the previous trading week lower, despite expectations by the International Monetary Fund that the Kingdom’s economy will grow in 2022. The main TASI index fell to 13,534 points, down almost 1 percent on the week, and the parallel market Nomu slipped to 23,830. Elsewhere in the Middle East, stock exchanges of Abu Dhabi, Dubai, Qatar, and Egypt all
RIYADH: Saudi Arabia’s main stock market closed lower in the previous trading session, following a multiday rally. At the closing bell, TASI was down 0.8 percent to 13,540 points, while the parallel market, Nomu, gained 0.2 percent to reach 24,311. Stock exchanges in Dubai, Qatar, Oman, and Kuwait all rose between 0.3 and 0.6 percent, while those of Abu Dhabi and Bahrain ended