RIYADH: Saudi stocks declined in last week’s final session in line with most Gulf peers, as oil prices continued to fluctuate. The main TASI index finished 0.2 percent lower at 12,621, while the parallel Nomu market edged up 0.2 percent to 21,574. Abu Dhabi, Dubai, Bahrain, and Oman all lost between 0.1 and 1.5 percent, while Qatar and Kuwait bucked the trend to close 0.2
RIYADH: Saudi Arabia’s benchmark index ended its first trading session of the week lower as investors raised questions over fluctuations in oil prices over the past week and higher inflation. The Tadawul All Share Index ended the session 0.53 percent lower at 12,554, while the parallel market, Nomu, finished 0.44 percent higher at 21,668. In the energy market, Brent crude
RIYADH: Major Saudi-listed insurers reported mixed earnings for the first half of the year in their announcements on Sunday, according to a report by the Saudi Stock Exchange. The Mediterranean and Gulf Insurance and Reinsurance Co. disclosed that it turned into losses of SR131 million ($35 million) during the first half of 2022. Also known as MEDGULF blamed the losses on an
RIYADH: The main index opened lower in the last trading session of the week as higher oil prices exacerbated uncertainty about the global economy The main index, TASI, opened 0.51 percent down at 12,701, while the parallel market, Nomu, started almost unchanged at 22,891 as of 10:09 a.m. Saudi time. Amana Cooperative Insurance Co. rallied 5.72 percent, leading the market
RIYADH: Saudi stocks nudged higher on Wednesday in line with a rise in oil prices. TASI the main index added 0.2 percent to close at 12,713, while the parallel Nomu market gained 0.6 percent to 22,832. Shares of state-owned Saudi Electricity shed 8 percent after posting a drop in first-quarter profit. In line with the Saudi index, stock exchanges of Abu Dhabi, Qatar, Bahrain,