RIYADH: Saudi Arabian stocks gained on Wednesday, supported by a rise in oil prices despite ongoing concerns over a potential global recession. The main index TASI advanced 0.5 percent to reach 11,727, while the parallel market, Nomu, added 1.8 percent to 20,728. TASI was lifted by a 0.9 percent rise in oil giant Aramco and a 2.9 percent surge in the Kingdom’s biggest lender
RIYADH: Saudi Arabia's stock market declined to one of its lowest levels in months last week due to concerns that rising interest rates could push the global economy into recession. TASI, the main index, fell for a second consecutive day on Thursday to end 0.1 percent lower at 11,311 points, while the parallel Nomu market added 0.4 percent to 20,728. Qatar led the fall in the
RIYADH: Saudi Arabia’s main stock index TASI fell below the 12,000 level for the first time in months on Wednesday, as investor fears shifted to a possible global recession. TASI dropped 0.35 percent to close at 11,978, and the parallel market Nomu shed almost 1 percent to 21,301. Stock exchanges of Qatar, Egypt, and Oman retreated in line with Saudi Arabia. However, Dubai’s
RIYADH: Saudi Arabia’s stock market closed lower for a second consecutive session on Sunday as investor sentiment was dragged down by weak earnings results. The main index TASI dropped 0.8 percent to reach 12,334, while the parallel market Nomu lost 0.8 percent to 22,329. Kingdom Holding Co. soared 9.9 percent after Saudi Arabia's Public Investment Fund acquired a SR5.7
RIYADH: The Saudi main index ended Monday with another steep decline, as fluctuating oil prices and mixed earnings reports weighed on investors' sentiment again. As of the closing bell, TASI edged 0.80 percent lower to reach 12,235, while the parallel market, Nomu, added 0.15 percent at 22,363. In the energy sector, Brent crude rose to $113.70 a barrel and US West Texas