RIYADH: Saudi Arabia’s stock market posted its second-largest monthly decline of the year in June, led by fears of interest rate hikes weighing on investor optimism. TASI, as the main index is known, ended June losing 11 percent to reach 11,523 at the closing bell of Thursday’s session, while Nomu exited the month at 21,585. Elsewhere in the Gulf, stock exchanges of Dubai,
RIYADH: Saudi stocks started their first trading session of July in green, following a dismal performance in June when the market lost 11 percent. As of Sunday’s opening bell, TASI gained 0.60 percent to reach 11,591, while the parallel market, Nomu, added 0.17 percent to 21,622, as of 10:05 a.m. Saudi time. This was led by a 3.03 percent gain in one of the Kingdom’s biggest
RIYADH: Saudi stocks ended their first trading session of July in red, expanding on the market’s 11 percent loss in June as investors' optimism was dampened by the fear of interest rate hikes. As of Sunday’s closing bell, TASI fell 0.51 percent to reach 11,464, while the parallel market, Nomu, plunged 2.33 percent to 21,082. This was led by a 0.39 percent decline in Saudi
RIYADH: Saudi stocks gained some ground on Wednesday amid easing inflation worries while investors kept an eye on oil prices. The main index, TASI, gained 0.48 percent to reach 11,727, while the parallel market, Nomu, added 1.81 percent to 20,728. This was led by a 0.90 percent increase in the Saudi oil giant Aramco and a 2.86 percent leap in one of the Kingdom’s biggest
RIYADH: Saudi stocks opened Wednesday's session in red as investors awaited possible stabilization of oil prices. The main index, TASI, fell 0.19 percent to 11,648, while the parallel market, Nomu, added 1.02 percent to 20,565 as of 10:09 a.m. Saudi time. Abdullah Saad Mohammed Abo Moati for Bookstores Co. led the gainers with 3.93 percent gain, after it posted SR15 million