RIYADH: Saudi stocks started the final session of the week higher on Thursday, tracking the recovery in oil prices which have passed $100 a barrel. The main index, TASI, began 0.42 percent higher at 12,496, while the parallel Nomu market opened flat at 21,621, as of 10:08 a.m. Saudi time. In energy trading, Brent crude increased to $101.44 a barrel, while US West Texas
RIYADH: Saudi Arabia’s benchmark index rose in the last hours of Wednesday, as the market was boosted slightly by new positive earnings reports. TASI edged up 0.81 percent to finish at 12,646, while Nomu, the parallel market, declined 2.28 percent to end at 21,533. This was led by a 9.94 percent leap in Fawaz Abdulaziz Alhokair following a 26 percent profit surge to SR58
RIYADH: Saudi stocks settled flat on Tuesday, as news over potential global inflation spurred investor worries, while the market continued to see positive earnings reports. The main index, TASI, ended the session flat at 12,545, while the parallel market Nomu edged 0.34 percent lower to finish at 22,034. Stock market gains across the whole region were subdued, amid volatile
RIYADH: Saudi stocks recouped last week’s losses to close higher for a second straight day on Monday, buoyed by a rise in crude oil prices. The main TASI index added 2.3 percent to 11,555, while the parallel market Nomu edged up by 0.5 percent to 20,711. With Saudi Arabia leading the gains in the region, stock exchanges of Dubai, Abu Dhabi, Qatar, and Oman all advanced on
RIYADH: Saudi Arabia’s stock market closed the previous week at one of its lowest levels in years on the back of rising recession fears. TASI, the main index, ended Thursday’s session 1.1 percent lower at 11,163 points, after closing at 11,417 prior to the Eid Al-Adha holiday. Elsewhere in the Gulf, Abu Dhabi, Dubai, and Oman advanced by 0.9, 1.3 and 0.7 percent, respectively,