RIYADH: Saudi Arabia’s main index continued to suffer losses due to the continuing decline in oil prices. TASI ended the week’s final trading session on Thursday 0.25 percent lower to reach 11,834, while the parallel market Nomu edged down 0.44 percent at 20,438. Saudi oil giant Aramco fell 0.95 percent, while Rabigh Refining and Petrochemical Co. declined 1.37 percent. The
RIYADH: The Saudi main index, TASI, sank to its second-largest monthly decline in 2022 in the final session of June, led by fears of interest rate hikes hitting investors’ optimism. TASI ended June losing 11 percent, to reach 11,523 at the closing bell of Thursday’s session. During June, the Tadawul All Share Index suffered its worst decline in six months to reach 11,299. This
RIYADH: Saudi Arabia’s main index closed higher on Tuesday, recovering some momentum after dropping to its lowest level in six months earlier this week as concerns about economic growth and oil prices dampened the market. The main index, TASI, added 2.62 percent to 11,659, while the parallel market, Nomu, fell 0.79 percent to 20,875. Rabigh Refining and Petrochemical Co. and
RIYADH: Saudi Arabia’s stock market closed lower on Wednesday falling below 12,000 points as investors fretted about the global economy. Saudi Arabia’s main index, TASI, fell 0.35 percent to reach 11,978, while the parallel market, Nomu, fell 0.95 percent to 21,301. Wafrah for Industry and Development Co. topped the list with a 9.97 percent gain, after winning shareholder
RIYADH: Saudi Arabia’s main index, TASI, recorded its first monthly decline in 2022 to end the month of May on a down note, as investors fretted over the turmoil of the global economy. TASI ended the month surrendering 5.9 percent, down 812 points to reach 12,921 at the closing bell of Tuesday's session. This was coupled with weak performances by all 18 sectors with the