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Closing bell: Saudi stock market closes in the red amid fears of global economic downturn

RIYADH: Saudi Arabia’s Tadawul All Share Index dropped for the third consecutive session on Wednesday, losing 145.44 points, or 1.30 percent, to close at 11,073.17. The fall was driven by fears of global economic uncertainties and dipping oil prices. The parallel market Nomu also slipped by 192.44 points to close at 20,670.85, and the MSCI Tadawul Index dropped 1.26 percent to

Closing bell: TASI falls 98 points as the US banking crisis rattles investors

RIYADH: Saudi Arabia’s Tadawul All Share Index fell 97.92 points or 0.95 percent to close at 10,207.17 on Tuesday as the looming US banking crisis clouded the investor sentiment globally. The collapse of Silvergate Bank, Silicon Valley Bank and Signature Bank in the last week has spurred an exodus of investors from equities to safe havens such as gold and bonds. Stock

Closing bell: TASI falls 0 2% to close at 10,793

RIYADH: Saudi Arabia’s Tadawul All Share Index on Tuesday fell 17.83 points or 0.16 percent to close at 10,792.85. MSCI Tadawul 30 Index and the parallel market Nomu fell flat to close at 1,488.36 and 19,140.41, respectively. TASI’s total trading turnover of the benchmark index on Tuesday was SR4.59 billion ($1.22 billion), with 97 stocks of the listed 224 advancing and

Closing Bell: TASI recovers from surging volatility to close at 10,444 points

RIYADH: Saudi Arabia’s benchmark index recovered on Tuesday after registering a massive fall on Monday, signaling the surging volatility in the market. The Tadawul All Share Index on Tuesday gained 25 points to close at 10,444.27 points after touching a low of 10,282.81 at 10:31 a.m. Saudi time. The recovery came close on the heels of the 304 points crash the bourse witnessed

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