RIYADH: Saudi Arabia’s stock exchange, in addition to major Middle Eastern markets, fell last week on worries that high inflation and rising interest rates will weigh on the global economy. The main TASI index was down 4.06 percent at 12,835, with Al Rajhi Bank dropping 6.5 percent, and the parallel market Nomu also edged down to 22,646. TASI’s oil giant Aramco had surpassed
RIYADH: Saudi Arabia’s stocks extended losses for another day on Wednesday, as oil prices continued to fall. The main TASI index fell 1 percent to 13,379 after it reached its highest level since 2006 on Monday, while the parallel market, Nomu, dropped 1.8 percent to 22,674. In line with the Saudi index, the stock exchanges of Abu Dhabi, Dubai, and Kuwait lost between 1.2 and
RIYADH: Saudi Arabia’s main stock market crossed the 13,900-level for the first time in 16 years on Monday but gave up gains later in the day due to lower investor sentiment. TASI, as the main index is known, closed flat at 13,814 points, and the parallel market Nomu dropped 0.3 percent to 23,475 points. Elsewhere in the Gulf, stock exchanges of Abu Dhabi, Dubai, Qatar,
RIYADH: Saudi Arabia’s main stock market, Tadawul, gained on Sunday as it reopened after the Eid break amid a rise in oil prices. TASI, the main index, added 0.6 percent to 13,820 points, while the parallel market Nomu dropped 1.5 percent to 23,547 points. Elsewhere in the Gulf, stock exchanges of Qatar, Bahrain, Oman, and Kuwait all edged down. Egypt, on the other hand,
RIYADH: Saudi Arabia’s main stock market ended the previous month 4.9 percent higher, backed by strong quarterly earnings. TASI the main index closed at 13,733 points, while the parallel market Nomu reached 23,909 points on Apr. 28 before the market stopped trading for the one-week Eid al-Fitr break. Meanwhile, global markets witnessed a steep decline last week, following a