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TASI continues to lose ground tracking oil prices: Closing bell

RIYADH: Saudi Arabia’s main index extended its losses in its last trading session of the week following further declines in oil prices. The Tadawul All Share Index declined 1.71 percent to end at 11,211 while the parallel market Nomu dropped 1.67 percent to finish at 18,908. Saudi oil giant Aramco ended the session 0.29 percent lower, a week after announcing that its profit ....

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TASI dips following the Fed's hefty interest rate hike: Opening bell

RIYADH: Saudi Arabia’s main index fell in the wake of the Fed’s sharp interest rate hike and forecast of further and faster increases. The Tadawul All Share Index sank 2.15 percent to start the week at 11,214, while the parallel market Nomu fell 0.96 percent at 20,069. Saudi oil giant Aramco started with a 1.39 percent decline, while Rabigh Refining and Petrochemical Co. ....

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