RIYADH: On the back of uncertainty around the Ukraine-Russia war, Saudi stocks extended losses for the fifth straight session Tuesday. At the closing bell, TASI closed 0.68 percent lower at 12,407, while the parallel market, Nomu, edged up 0.28 percent to 24,435 points. This was coupled with a heavy drop in the energy market from recent highs. Brent crude reached $102.44 per
RIYADH: Saudi stocks surged for a second consecutive day on Monday as investors’ sentiment improved on the back of solid earnings, despite growing Ukraine-Russia conflicts. At the closing bell, the main index TASI, rose 1.4 percent to 12,590, closing the month 2.6 percent higher. The parallel market, Nomu, gained 0.28 percent to 25,022. Saudi Arabia’s Scientific & Medical
RIYADH: The main Saudi index opened higher, as Saudi oil prices fell 60 percent. As of Tuesday, 10:11 a.m Saudi time, TASI opened 0.19 percent higher at 12,613, while Nomu traded 0.03 percent lower at 25,015. Scientific and Medical Equipment House Co. jumped 8.28 percent to lead the gain, a recent listing on Tadawul on Feb. 24, while SABB Takaful Co. led the decliners with a
RIYADH: Saudi stocks closed higher for the third consecutive day on Tuesday, with Saudi oil prices remaining unaffected by the Ukraine-Russia conflict. Saudi Oil is currently selling between $45 and $50, which is a 60 percent decrease compared to June 2021, as reported by the Middle East Policy Council. As of the closing bell, TASI closed 0.67 percent higher to reach 12,674
RIYADH: Saudi Arabia’s stock market resumed its gains momentum on Sunday in line with a Friday rally in global stocks despite rising geopolitical tensions. Fueled by strong earnings, the main index, TASI, rose 0.98 percent to 12,418 points. The parallel market, Nomu, gained 0.04 percent to 24,952. In line with the Saudi index, Middle Eastern bourses, including Qatar, Egypt,