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Closing bell: TASI slips 12 points as fluctuating oil market looms large

RIYADH: Saudi Arabia’s Tadawul All Share Index slipped 12.10 points, or 0.11 percent, to finish at 11,293.18 on Wednesday, as fluctuating oil prices affected investors’ confidence. While the parallel market Nomu edged up 96.35 points to 21,151.91, the MSCI Tadawul Index dropped slightly by 0.03 percent to 1,519.71. The total trading turnover of the benchmark index on Wednesday ....

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Closing bell: Aramco displaces Microsoft as world's second largest company by value amid stock gain

RIYADH: Saudi Arabian Oil Co. briefly displaced tech giant Microsoft to become the world’s second-largest company by value at SR7.92 trillion ($2.11 trillion) as the company’s stock prices hit SR36.15 on Wednesday. By the close of trading, the share price had dropped to SR36 the same value as at the market opening. By 1:45 p.m. GMT, the US firm had climbed back into second ....

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