RIYADH: The Saudi main index, TASI, bounced back in July following two of its worst months of 2022, fueled by continued price gains for crude. TASI ended June gaining 5.9 percent to reach 12,199 at the closing bell of Sunday’s session. This is despite a global economic downturn triggered by inflation and rising interest rates, sending worldwide shares to their lowest levels in
RIYADH: Saudi Arabia's stock market started almost flat on Tuesday as investors watched the Kingdom raise its crude prices due to tight supply and expectations of strong demand this summer. The main index, TASI, started 0.09 percent higher at 12,833, while the parallel market, Nomu, started 0.56 percent lower at 22,424, as of 10:07 a.m. Saudi time Saudi Arabian Amiantit Co.
RIYADH: Saudi stocks opened in the red for the first trading day of June as market sentiment is plagued by uncertainty resulting from inflation and oil price swings.. The main index, TASI, shed 0.54 percent to 12,851, while the parallel market, Nomu, lost 0.20 percent to 22,725, as of 10:08 a.m. Saudi time. Saudi Arabian Mining Co., known as Ma’aden, fell 2.92 percent leading
RIYADH: Saudi Arabia’s stock exchange, in addition to major Middle Eastern markets, fell last week on worries that high inflation and rising interest rates will weigh on the global economy. The main TASI index was down 4.06 percent at 12,835, with Al Rajhi Bank dropping 6.5 percent, and the parallel market Nomu also edged down to 22,646. TASI’s oil giant Aramco had surpassed