RIYADH: Saudi stocks declined in last week’s final session in line with most Gulf peers, as oil prices continued to fluctuate. The main TASI index finished 0.2 percent lower at 12,621, while the parallel Nomu market edged up 0.2 percent to 21,574. Abu Dhabi, Dubai, Bahrain, and Oman all lost between 0.1 and 1.5 percent, while Qatar and Kuwait bucked the trend to close 0.2
RIYADH: Saudi Arabia’s benchmark index ended its first trading session of the week lower as investors raised questions over fluctuations in oil prices over the past week and higher inflation. The Tadawul All Share Index ended the session 0.53 percent lower at 12,554, while the parallel market, Nomu, finished 0.44 percent higher at 21,668. In the energy market, Brent crude
RIYADH: Saudi stocks nudged higher on Wednesday in line with a rise in oil prices. TASI the main index added 0.2 percent to close at 12,713, while the parallel Nomu market gained 0.6 percent to 22,832. Shares of state-owned Saudi Electricity shed 8 percent after posting a drop in first-quarter profit. In line with the Saudi index, stock exchanges of Abu Dhabi, Qatar, Bahrain,
RIYADH: As global markets tumble due to Russia's conflict in Ukraine, Saudi Arabia’s stock exchange recovers for a second day with oil prices easing. The price of Brent crude stood at $114.38 per barrel, while US WTI traded at $110.50 a barrel, as of 10:15 a.m. Saudi time. The main index, TASI, opened 0.14 percent higher to 12,755, while the Nomu parallel market opened flat at
The Tadawul All Share Index, TASI, was up by 0.57 percent to 11,328 points in early trading on Wednesday. Here’s a wrap of market movements as of 10:30 a.m. Riyadh time: Saudi Arabian Amiantit Co.’s board of directors recommended a 69.06 percent capital reduction from SR320 million ($85 million) to SR99 million through writing off 22.1 million shares (one share for every 1.447