RIYADH: Saudi Arabia’s main index returned to the 12000-point level on the back of a recovery in crude oil prices. Oil prices rose over $1 a barrel on Monday before dropping in volatile Tuesday trade as worries over lower China demand mounted. Brent crude futures edged down to $93.89 a barrel by 9:03 a.m. Saudi time. US West Texas Intermediate crude reached $87.77 a barrel.
RIYADH: Saudi stocks slightly regained momentum on Sunday, lifted by a rebound in crude prices at the end of last week. Oil prices rose about 4 percent on Friday after dropping to a seven-month low earlier in the week, supported by threatened cuts to supply. The Kingdom’s main index TASI advanced 0.9 percent to end at 11,940 on Sunday, while Nomu added 1.5 percent to 20,737.
RIYADH: Saudi stocks slid last week to end lower on Thursday as oil prices fell to seven-month lows before rebounding on Friday. TASI exited the week’s final trading session 0.3 percent lower at 11,834, while the parallel market Nomu edged down 0.4 percent to 20,438. In line with the Kingdom’s bourse, Dubai, Kuwait, and Oman lost between 0.2 and 0.7 percent. Abu Dhabi and