RIYADH: Saudi stocks started Wednesday in the red following rate hike plans coupled with concerns about a worldwide recession. The main index, TASI, shed 0.26 percent at 11,628, while the parallel market, Nomu, fell 0.35 percent at 20,802, as of 10:07 a.m. Saudi time ACWA Power Co. gained 5.23 percent to lead the gainers, followed by AlJazira REIT with a 1.10 percent gain, and
RIYADH: Saudi stocks dipped in Monday's trading session as investors fretted about a possible global economic slowdown. The main index, TASI, lost 2.18 percent to 12,053, while the parallel market, Nomu, edged down 1.27 percent to 21,461. Arab Sea Information System Co. led the fallers list with a 9.96 percent drop, followed by Saudi Advanced Industries Co. with a 9.76 percent
RIYADH: Saudi stocks closed higher on Tuesday, bucking the downward trend in most Middle Eastern and global markets. TASI rebounded from three days of losses to advance 0.5 percent to 12,300, while the parallel market Nomu lost 0.5 percent to 22,251. Stock exchanges of Abu Dhabi, Kuwait, Dubai, and Egypt dropped 2.5, 2.2, 1.5, and 1 percent, respectively. While those of Qatar,
RIYADH: Saudi stocks closed slightly higher on Monday, with gains registered by several major companies, causing investors to fear missing out on what appeared to be a rising market. As of the closing bell, Saudi main index, TASI, closed 0.63 percent higher at 13,165, while the parallel market, Nomu, tumbled 1.66 percent to reach 24,445. Shares in ACWA POWER Co. rallied 10
RIYADH: With earnings season approaching for the Kingdom’s listed companies and as oil prices dipped, Saudi stocks closed Wednesday’s trading session down. TASI lost 0.48 percent to 13,038 points, reversing three days of gains, while the parallel market, Nomu, shed 0.34 percent to 24,942. In tandem with the Saudi index, most stock exchanges in the GCC slipped, including Abu