RIYADH: Saudi stocks erased early morning gains to close lower on Wednesday, even as Moody’s affirmed the Kingdom’s 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. This was driven by losses recorded by some of TASI’s heavyweights in the banking
RIYADH: Saudi Arabia’s stock market closed higher on Monday for a third successive day after the Kingdom hiked prices for its crude sales in July. The main index, TASI, gained 1.31 percent to 12,821.96 and the parallel market, Nomu, advanced 0.02 percent to 22,551. Similarly, the Qatari index and Dubai's main index gained 1.3 percent and 0.1 percent, respectively. However, the
RIYADH: Saudi Arabia's stock market rose for a second day on Monday on the back of continued growth in the non-oil private sector in May, boosting investor sentiment. The main index, TASI, gained 0.72 percent to 12,747 and Nomu advanced 0.04 percent to 22,556 as of 10:10 a.m. Saudi time. Anaam International Holding Group climbed 4.83 percent, leading the gainers; Saudi Cement
RIYADH: The Saudi stock market fell in the last session of the week, as investors nervously watched escalating oil prices weigh on the global economy. As of Thursday’s closing bell, the main index, TASI, edged 1.26 percent lower at 12,605, while the parallel market, Nomu, fell 0.15 percent at 22,844. Saudi Printing and Packaging Co. rallied 8.44 percent, topping the market
RIYADH: Saudi stocks rose for a third straight day on easing investor concerns despite steep rises in oil prices. The main index, TASI, rose 0.60 percent to 12,984 and the parallel market, Nomu, added 0.11 percent to 22,834, as of 10:12 a.m. Saudi time Amana Cooperative Insurance Co. rallied 7.05 percent, leading the market gainers; Arab Sea Information System Co. slipped 2.07