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RIYADH: Saudi stocks dropped on Monday amid a continued fluctuation in oil prices and inflation fears that weighed on investor sentiment. TASI fell 0.8 percent to end the day at 11,427 following the debut of Saudi developer Retal Urban Development, while the parallel Nomu market lost 2.1 percent to 20,248. Unlike Saudi Arabia, most stock markets of gulf peers rebounded on
RIYADH: Saudi stocks opened almost flat on Tuesday as investors worried about oil prices’ instability. The main index, TASI, fell 0.02 percent to 11,425, while the parallel market, NOMU, dropped 0.11 percent to 20,225.87 as of 10:07 a.m. Saudi time. In energy trading, Brent crude settled at $117.02 a barrel and US West Texas Intermediate reached $111.43 a barrel, as of 10:18
RIYADH: Saudi stocks regained some of its momentum on Tuesday, as commodity prices fell, which eased concerns about inflation. The main index, TASI, gained 2.13 percent to 11,671, while the parallel market, Nomu, added 0.55 percent to 20,358. This was led by a 3.32 percent increase in the Saudi oil giant Aramco and a 3.43 percent leap in one of the Kingdom’s biggest lenders,
RIYADH: Saudi Arabia's stock market rebounded on Tuesday following a steep decline in the previous session due to investor concern over the slowing economy. The main index, TASI, added 0.34 percent at 12,093, while the parallel market, Nomu, lost 0.38 percent at 21,379 and, as of 10:08 a.m. Saudi Arabia. SEDCO Capital REIT Fund led the gainer's list with 3.83 percent rise,
RIYADH: Saudi stocks further dipped during Monday's trading session, mirroring a global trend amid fears that rising inflation will cause an economic slowdown. The main index, TASI, dropped 2.18 percent to 12,053, while the parallel market, Nomu, shed 1.27 percent to 21,461. Dubai lost as much as 2.7 percent to lead the fall in the Gulf, followed by Saudi Arabia. Stock