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RIYADH: Saudi Arabia’s main stock index hit its lowest close since last December on Sunday, mirroring a drop in oil prices. TASI, as the main index is known, lost 4.44 percent to 11,299, and the parallel market, Nomu, declined 3.55 percent to 20,740 at the closing bell. Elsewhere in the Middle East, stock exchanges of Qatar, Egypt, Bahrain, and Kuwait shed between 1 percent ....
RIYADH: Saudi Arabia’s parallel market's Nomu capped index took investors by surprise as its market value grew at a faster rate than the main market's TASI during the first quarter of 2022. Nomu’s market capitalization rose 209 percent on the year to SR38.5 billion ($10.3 billion) from SR12.5 billion in the year-ago period, according to statistics by the Capital Market ....
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 developer Somou Real Estate Co., currently listed on the Kingdom’s parallel Nomu market, has received its board’s approval to transfer to the main index TASI. The transition is subject to approval from the Saudi stock exchange as well as fulfilling all requirements imposed by the market, the company said in a filing. ....
RIYADH: Amid last week’s dominating theme of initial public offerings and dividends, Saudi stocks soared to end the trading week higher as investor sentiment boosted. Saudi Arabia’s main stock index, TASI, last closed at 11,271 points, up 111 points from a week earlier and up 30 percent year-to-date, marking its biggest annual leap since 2010. With the latest gain, TASI has ....