RIYADH: Saudi Arabia’s benchmark index started the week’s final session higher as investors took comfort in the release of new earnings reports. TAS edged up 0.14 percent to 12,664, while the parallel Nomu market started almost flat at 21,513, as of 10:06 a.m. Saudi time. The Kingdom’s largest valued bank Al Rajhi rose 0.56 percent, while The Saudi National Bank, the country's
RIYADH: Saudi Arabia’s stock market ended the previous trading week slightly lower on Thursday, weighed down by spillover from global peers. The main TASI index nudged 0.1 percent higher at 12,603, while the parallel market Nomu added 0.2 percent to 22,240. Bahrain’s BAX ended flat, while stock exchanges in the UAE and Kuwait edged down. Qatar added 1 percent to top the
RIYADH: Saudi stocks reversed the prior session’s losses to start the week higher on Sunday, after oil giant Aramco beat analysts’ expectations with record profits. The main TASI index closed 2.5 percent higher at 13,149, and the Kingdom’s parallel Nomu market was up 0.9 percent to 22,845. Shares of Aramco surged 4.2 percent intraday in response to an 82-percent increase in
RIYADH: Saudi stocks reversed gains at the close of Monday's trading session, in the wake of poor earnings results that worried investors. The Saudi main stock index, TASI, declined 1.78 percent to reach 12,914, while the parallel market, Nomu, dropped 1.33 percent to 22,540. Shares in Saudi Industrial Export Co. climbed 9.91 percent to lead the gainers on the closing bell.
RIYADH: Saudi stocks saw a second day of gains early on Monday as oil prices eased in the first hour of trading. Brent crude fell 1.08 percent to settle at $109.30 a barrel, and WTI crude fell 1.41 percent to settle at $109.98 a barrel, as of 10:09 a.m. Saudi time. The Saudi main stock index, TASI, increased 0.38 percent to reach 13,199, while the parallel market, Nomu, gained