RIYADH: A plunge in oil prices weighed on major Gulf markets on Monday, but Saudi Arabian stocks bucked the trend to close higher. Even as TASI the main index advanced by 0.6 percent to reach 13,543 points, the Kingdom’s parallel market, known as Nomu, shed 1.3 percent to 23,521 points. Stock exchanges of Qatar, Abu Dhabi, and Dubai dropped 1.6, 0.9, and 0.8 percent,
RIYADH: Saudi stocks closed the previous trading week lower, despite expectations by the International Monetary Fund that the Kingdom’s economy will grow in 2022. The main TASI index fell to 13,534 points, down almost 1 percent on the week, and the parallel market Nomu slipped to 23,830. Elsewhere in the Middle East, stock exchanges of Abu Dhabi, Dubai, Qatar, and Egypt all
RIYADH: Saudi Arabian stocks snapped a series of gains to end lower on Tuesday in line with oil prices. The main TASI index was down 1.1 percent to 13,505 in one of its biggest daily drops recently, and the parallel Nomu market slipped 0.5 percent to 24,088. Dubai and Kuwait led the gainers in the GCC, up 1.6 and 1 percent, respectively. Stock markets in Qatar and Oman
RIYADH: Saudi stocks advanced on Monday as investors awaited further first-quarter earnings results, despite a drop in global stocks. The main index, TASI, finished 0.37 percent higher at 13,733, and the parallel market, Nomu, slightly edged up by 0.09 percent to 24,214. Apart from the Saudi index, fellow GCC stock exchanges, including Abu Dhabi, Dubai, Qatar, Oman, Bahrain,
RIYADH: Saudi Arabia’s main stock market extended gains on Sunday, tracking a rise in oil prices last week. TASI was up 0.5 percent to 13,682 at the closing bell, with Saudi Arabia’s largest valued bank Al Rajhi touching its highest level since its market debut of SR177.6 ($47.4). The parallel Nomu market closed 0.9 percent lower at 24,193. Elsewhere in the GCC, stock