RIYADH: Saudi Arabia’s Tadawul All Share Index rose for the sixth session in a row on Thursday, up by 86.92 points – or 0.83 percent – to 10,590.10, driven by favorable market conditions. Parallel market Nomu also went up by 288.68 points – 1.47 percent – to close at 19,892.03, while the MSCI Tadawul 30 Index rose 1.09 percent to 1,435.05. The total trading turnover of the
RIYADH: Saudi stocks tracked a drop in oil prices to end Tuesday’s trading session lower, with the main TASI index sliding below the 12,000 level. The Organization of the Petroleum Exporting Countries and its allies on Monday agreed on a small production cut of 100,000 barrels a day to bolster prices. Oil prices then fell to hover around $90 a barrel on Wednesday. Brent crude
RIYADH: With earnings season approaching for the Kingdom’s listed companies and as oil prices dipped, Saudi stocks closed Wednesday’s trading session down. TASI lost 0.48 percent to 13,038 points, reversing three days of gains, while the parallel market, Nomu, shed 0.34 percent to 24,942. In tandem with the Saudi index, most stock exchanges in the GCC slipped, including Abu