RIYADH: Saudi Arabia’s stock market fell to close the previous week lower as investor sentiment was dragged down by concerns over an economic slowdown and recession. TASI lost 1.3 percent on Thursday to end at 12,605 points, while the parallel market, Nomu, was down 0.2 percent to 22,844. Stock exchanges in the Gulf all declined in line with Saudi Arabia, while Oman bucked the
RIYADH: Saudi stocks rebounded on Sunday as a rise in oil prices boosted investor sentiment in the oil-rich nation. TASI exited the day with a 1.3 percent gain at 12,689, while the parallel market Nomu advanced 0.58 percent at 22,402. Elsewhere in the Middle East, stock exchanges of Qatar, Oman, and Bahrain added between 0.3 and 0.6 percent and Kuwait’s BKP index surged 1.9
Saudi-based Batic Investment and Logistics Company has announced that its fully owned subsidiary - Batic Real Estate Company - has acquired a plot in Al Madinah with a total value of SR126.4 million ($34.2 million).