RIYADH: Saudi stocks started the week lower on Sunday, after worries over recession pushed oil prices to their lowest levels since February. TASI closed 0.6 percent down at 12,216 points, while the parallel Nomu market lost 0.3 percent to 21,776 points. The Kingdom posted a SR77.9 billion ($20.8 billion) budget surplus during the second quarter of 2022, the Ministry of Finance
RIYADH: Saudi Arabia’s stock market closed the previous week at one of its lowest levels in years on the back of rising recession fears. TASI, the main index, ended Thursday’s session 1.1 percent lower at 11,163 points, after closing at 11,417 prior to the Eid Al-Adha holiday. Elsewhere in the Gulf, Abu Dhabi, Dubai, and Oman advanced by 0.9, 1.3 and 0.7 percent, respectively,
RIYADH: Saudi stocks ended their first trading session of July in red, extending losses after an 11-percent decline in June due to fears over inflation and recession. TASI, the main benchmark index, fell 0.5 percent to 11,464 on Sunday and the parallel market, Nomu, shed 2.3 percent to 21,082. Oman’s stock exchange declined 0.3 percent in line with Saudi Arabia. However, the
RIYADH: Saudi stocks regained some momentum on Tuesday, mirroring a rise in oil prices after China eased lockdown restrictions. TASI surged 2.1 percent to 11,671, buoyed by a 3.3 percent rise in oil giant Aramco and a 3.4 percent leap in the Kingdom’s biggest lender Saudi National Bank. The parallel market, known as NOMU, also recorded a 0.6 percent gain to end the day at
RIYADH: Saudi Arabia’s main stock market crossed the 13,900-level for the first time in 16 years on Monday but gave up gains later in the day due to lower investor sentiment. TASI, as the main index is known, closed flat at 13,814 points, and the parallel market Nomu dropped 0.3 percent to 23,475 points. Elsewhere in the Gulf, stock exchanges of Abu Dhabi, Dubai, Qatar,