RIYADH: Saudi Arabia’s stock market recovered slightly on Sunday after hitting its lowest level in more than six months on Thursday. The main index TASI advanced 1.2 percent to 11,292, rising from 11,163 points in the prior session, while the parallel Nomu market was up 0.2 percent to 20,611. The improved performance was supported by Friday’s oil gains in response to reports
RIYADH: Saudi Arabia’s main stock market closed higher on Wednesday to lead the GCC, as investor sentiment was buoyed by strong earnings results. TASI the main index advanced 1 percent to 13,643, and the parallel market Nomu slipped 0.1 percent to 23,634. Dubai recorded the second-highest gains among GCC members as it added 0.6 percent. Abu Dhabi, Oman, and Kuwait’s bourses
RIYADH: United Electronics Co., eXtra, has increased its total number of outlets in the GCC to 53, and in Saudi Arabia to 48. The company said it had invested SR8 million ($2 million) in its latest store, in Maha'el Asseer, according to a bourse filing. The company added the store's financial impact would begin in the second quarter of 2022.
RIYADH: Saudi stocks opened lower during the second session of the week, as investors prepare for earning reports and keep an eye on the energy market. As of Monday 10:10 a.m., the main index, TASI, fell 0.22 percent to reach 13,433, and the parallel market, Nomu, dropped 0.57 percent to reach 23,696. Crude oil prices were lower early on Monday, with Brent crude reaching
RIYADH: Saudi Arabia's main market began the week higher as investors monitored the uncertainty in the energy market and watched for new corporate results. TASI, started 0.23 percent higher to reach 13,652, while the parallel market, Nomu, fell 0.22 percent to reach 24,365, as of Sunday 10:07 a.m. Saudi time. As for energy trading, oil prices edged upward on Friday, but