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
The Middle East and North Africa (Mena) region saw a 400% year-on-year increase in the number of firms listing with 15 IPOs raising proceeds of $4 billion, a jump of 1,242% in value when compared to the same period in 2021.