RIYADH: Saudi stocks fell on Sunday as weak earnings data weighed on investor sentiment and losses hit some of the Kingdom’s major stocks. TASI dropped 1.2 percent, snapping its ten-day winning streak, to close at 12,140 points, and the parallel Nomu market slipped 1.4 percent, reaching 25,707 points. In line with Saudi Arabia, most GCC bourses were down on Sunday, except for
RIYADH: Saudi Arabia’s stock exchange witnessed a mixed performance on Monday, Jan. 3, as its main index TASI stagnated amid worries over the spread of omicron. At the closing bell, TASI remained flat at 11,328 points and the parallel market Nomu lost almost 1 percent, reaching 26,030 points. The Kingdom recorded a 70-percent hike in daily coronavirus cases on Monday, a report
RIYADH: Saudi Arabia’s main stock indexes were up in early trading on Monday despite a surge in coronavirus cases as the Kingdom saw 1,024 newly confirmed infections in the previous day. As of 10:20 a.m. Saudi time, the main index TASI edged up by 0.23 percent to 11,358 points, while the Nomu parallel market rose 0.39 percent to 26,379 points. Early morning gains were
RIYADH: The Saudi stock exchange ended the first trading day of 2022 higher, despite omicron fears that were fueled by a rise in cases on regional and global levels. Stocks on the main index TASI edged higher by 0.45 percent, reaching 11,332 points. On the parallel market, Nomu saw gains amounting to 1.15 percent to close at 26,276 points. Al-Moammar Information Systems, or
RIYADH: The performance of the Saudi stock market on Tuesday illustrated resilience in the face of omicron concerns as Tadawul approaches year-end. With the main stock index TASI rebounding to reach a one-month high, both Saudi indexes –TASI and Nomu – ended the latest session higher, up 1.4 percent and 1.8 percent to 11,315 and 26,705 points, respectively. Factors