RIYADH: Saudi Arabia’s main stock exchange gained on Tuesday, recovering from its early losses as oil prices rose. The Tadawul All Share Index rose 2.11 percent to end at 11,809, while the parallel market Nomu declined 0.35 percent to finish at 19,725. The gain was led by a 1.14 percent leap in oil behemoth Saudi Aramco, and a 0.14 percent gain in Rabigh Refining and
RIYADH: Saudi Arabia’s main index TASI recovered some of its losses on Monday as investors eased their concerns about high inflation in the country while they await the release of further earnings results. The Tadawul All Share Index rose 1.41 percent to end at 11,566, while the parallel market Nomu added 0.25 percent to finish at 19,794. The gain was led by a 0.57 percent
RIYADH: Saudi stocks dropped on Wednesday, mirroring a continued decline in oil prices as recession worries intensified. The Kingdom’s real gross domestic product grew by 12.2 percent in the second quarter of 2022 over the same period last year, recording the highest growth in over a decade, revealed data by the General Authority for Statistics. TASI slid 1.1 percent to end
RIYADH: Saudi Arabia’s stock market rebounded on Wednesday, tracking a recovery in oil prices as they surpassed $100 a barrel. TASI edged 0.2 percent higher to 12,443, while the parallel Nomu market added 0.3 percent to end at 21,633. Likewise, the stock exchanges of Qatar and Dubai advanced by 0.4 and 0.9 percent, respectively. Abu Dhabi, Oman, and Kuwait finished lower,
RIYADH: Saudi stocks ended the week’s final trading session on a high note as crude oil prices hold strong above $100 a barrel. The Tadawul All Share Index climbed 1.19 percent to finish at 12,591, while the parallel Nomu market settled flat at 21,631. Oil prices continued to skyrocket this week with Brent increasing to $101.83 a barrel, while US West Texas Intermediate