RIYADH: Saudi Arabia’s main stock index hit its lowest close since last December on Sunday, mirroring a drop in oil prices. TASI, as the main index is known, lost 4.44 percent to 11,299, and the parallel market, Nomu, declined 3.55 percent to 20,740 at the closing bell. Elsewhere in the Middle East, stock exchanges of Qatar, Egypt, Bahrain, and Kuwait shed between 1 percent
RIYADH: Saudi Arabia’s stock market ended the previous trading week slightly lower on Thursday, weighed down by spillover from global peers. The main TASI index nudged 0.1 percent higher at 12,603, while the parallel market Nomu added 0.2 percent to 22,240. Bahrain’s BAX ended flat, while stock exchanges in the UAE and Kuwait edged down. Qatar added 1 percent to top the
RIYADH: Alkhorayef Water and Power Technologies Co. has won SR1.85 billion ($494 million) worth of deals for water quality improvement projects in the Eastern region. The company secured four contracts from the Saudi Ministry of Environment, Water, and Agriculture, according to a bourse filing. The firm will design, procure and build transmission lines, distribution networks,
RIYADH: Saudi stocks dropped for a second straight day on Wednesday, even as Moody’s affirmed the Kingdom’s credit rating at ‘A’ with a stable outlook. The main TASI index lost 0.5 percent to 12,596, and the parallel market Nomu slipped nearly 0.6 percent to 22,206 despite a rise in oil prices. As Saudi Arabia led the fall in the region, fellow Gulf Cooperation Council bourses
RIYADH: The Saudi Stock Market opened flat on Thursday, as investors watched the Kingdom increase its crude prices as tight supplies and strong demand are expected in the coming months. The main index, TASI, and the parallel market, Nomu, started flat at 12,592 and 22,196 respectively, as of 10:10 a.m. Saudi Arabia. In the energy sector, Brent crude reached $123.12 per barrel