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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: Jazan Energy and Development Co. has announced the resignation of its CEO Bedor Nasser Al-Rashoudi due to “her personal reasons,”, it said in a bourse filing. The resignation of Al-Rashoudi will take effect on Nov. 1 with her continuation as a board member. Jazadco will announce any further developments relating to the appointment of a new CEO in due course.
RIYADH: Saudi Arabia’s benchmark index TASI ended flat at 12,291 last week, amid a wave of earning reports and declining oil prices. The UAE and Qatar indexes were down as a drop in oil prices dragged down shares, but other Gulf peers recorded slight gains. Abu Dhabi, Dubai, and Qatar lost 0.3, 0.5, and 0.1 percent, respectively, while Kuwait, Bahrain, and Oman advanced
RIYADH: Saudi Arabia’s main stock index, TASI, logged a monthly gain of 5.9 percent in July following two straight months of losses, bolstered by rising oil prices. TASI rose 0.4 percent in the previous session to exit the month at 12,199, and the parallel Nomu market added 2 percent to 21,391. This came in line with gains in fellow Middle Eastern bourses on Sunday, led by
RIYADH: Saudi Arabia’s main index opened in positive territory in the first trading session of August after rebounding in July to finish the month up 5.9 percent, spurred by higher crude oil prices. The main index, TASI, started Monday 0.25 percent higher at 12,229, while the parallel market, Nomu, started 0.61 percent down at 21,260, as of 10:06 a.m. Saudi time. Brent crude