RIYADH: Saudi stocks fell on Sunday as weak earnings data weighed on investor sentiment and losses hit some of the Kingdom’s major stocks. TASI dropped 1.2 percent, snapping its ten-day winning streak, to close at 12,140 points, and the parallel Nomu market slipped 1.4 percent, reaching 25,707 points. In line with Saudi Arabia, most GCC bourses were down on Sunday, except for
RIYADH: Last week, Saudi Arabia’s main stock index TASI wrapped up ten straight days of gains amid heightened investor sentiment. Earnings season is starting to get into full swing for the Kingdom’s listed companies. In the latest session, TASI gained 0.3 percent to reach 12,291 points, while the parallel market Nomu slipped 0.3 percent to close at 26,071 points. Other GCC
RIYADH: The Saudi stock exchange was up for the second consecutive day in the previous session, despite nearing 5000 COVID-19 cases in 24 hours. The Kingdom saw two deaths from COVID-19 and 4,778 new infections on Monday, statistics by the Saudi Health Ministry revealed. TASI recorded gains amounting to 0.9 percent to close at 11,665 points, its highest value since November.