RIYADH: Saudi stocks closed lower in the previous session, as Fitch revised the ratings of major listed companies and earnings continued to kick in. TASI the main index slipped 0.3 percent to 13,503, and the parallel market Nomu edged up by 0.6 percent. Among the heaviest weights on TASI, oil giant Aramco and SABIC both advanced, after Fitch Ratings revised their long-term
RIYADH: A plunge in oil prices weighed on major Gulf markets on Monday, but Saudi Arabian stocks bucked the trend to close higher. Even as TASI the main index advanced by 0.6 percent to reach 13,543 points, the Kingdom’s parallel market, known as Nomu, shed 1.3 percent to 23,521 points. Stock exchanges of Qatar, Abu Dhabi, and Dubai dropped 1.6, 0.9, and 0.8 percent,
RIYADH: Alkhabeer Capital received Capital Market Authority approval to offer and register “Alkhabeer Growth and Income Traded Fund” units on the Saudi stock exchange, Tadawul. The fund which was approved on Feb. 7, 2022 will be a closed-ended traded fund, according to the CMA website. Alkhabeer Capital is an asset manager specializing in Shariah-compliant investments and
RIYADH: Saudi Arabia’s main index, TASI, ended higher for a second consecutive day in the previous trading session, up 0.37 percent to 12,249 points, as the earnings wave continued. The parallel market Nomu edged 0.14 percent lower to 25,281 points, led by glass manufacturer Obeikan on debut. Elsewhere in the Gulf, stock indexes of Abu Dhabi, Qatar, Oman, and Kuwait all closed