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: Saudi stocks edged up on Tuesday, following two straight days of losses, as investor sentiment improved on the back of optimistic earnings results. TASI closed 0.76 percent higher at 11,964, while the parallel market, Nomu, finished 1.2 percent lower at 20,791. Dubai, Qatar, Oman, Bahrain, and Kuwait all advanced in line with Saudi Arabia, with the Omani bourse leading
RIYADH: Saudi Arabia’s stock exchange ended its five-day winning streak to close slightly lower on Sunday, tracking Friday’s drop in oil prices. TASI, the main index, edged down 0.11 percent to 11,975, while the parallel Nomu market rose 0.46 percent to 21,056. Fellow GCC bourses were mixed. Bahrain led the gainers as it added 0.7 percent, Oman and Qatar followed with a 0.6
RIYADH: Saudi Arabia’s stock market concluded last week with five straight days in the green, buoyed by positive earnings reports. At the previous closing bell, TASI surged 1.04 percent to end the week at 11,987, and the parallel market Nomu rose 1 percent to 20,960. Most Gulf stock markets extended their rebound in line with Saudi Arabia, led by a 2.1-percent gain in the Abu
RIYADH: Saudi stocks notched their fourth day of the week in green as oil prices continued to rise on Wednesday. TASI, the main index, closed 0.9 percent higher at 11,864 points, whereas the parallel Nomu market edged 0.3 percent lower to 20,760. Saudi Arabia was outperformed by Qatar’s QSI, which jumped as high as 3.4 percent, with its largest lender Qatar National Bank