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Here's what you need to know before Tadawul trading on Sunday

RIYADH: Saudi Arabia’s stock market closed the previous week at one of its lowest levels in years on the back of rising recession fears. TASI, the main index, ended Thursday’s session 1.1 percent lower at 11,163 points, after closing at 11,417 prior to the Eid Al-Adha holiday. Elsewhere in the Gulf, Abu Dhabi, Dubai, and Oman advanced by 0.9, 1.3 and 0.7 percent, respectively, ....

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TASI bounces back after hitting its lowest level in 2022: Closing bell

RIYADH: Saudi Arabia’s main index, TASI, wiped out early morning losses in the final trading session before Eid break, adding 0.63 percent to 11,416. This follows Al Rajhi Capital’s forecast that the Saudi stock market is not expected to suffer sharp declines. Mazen Al-Sudairy, head of research at Al Rajhi Capital, told Ashraq the oil price will remain above $90, which is ....

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Saudi stocks finish down for 3rd time in a week amid fears of economic instability: Closing bell

RIYADH: Saudi stocks finished lower on Tuesday for the third time this week amid fears of unstable oil prices and slowing economic growth. The main index, TASI, fell 0.12 percent to 11,344, weighed down by a 7.37 percent drop in Methanol Chemicals Co. and a 4.6 percent decline in Sahara International Petrochemical Co. The parallel market, Nomu, ended Tuesday’s session with a ....

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TASI extends losses on fears of economic slowdowns: Closing bell

RIYADH: Saudi stock markets extended losses as investors worried that the latest central bank efforts to curb inflation would lead to rapid economic slowdowns. The main index, TASI, fell 0.93 percent to reach 11,358, while the parallel market, Nomu, dropped 1.94 percent at 20,672. Fawaz Abdulaziz Alhokair Co. led the decliners since the market opened with a 9.99 percent fall, ....

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Here's what you need to know before Tadawul trading on Sunday

RIYADH: Saudi Arabia's stock market declined to one of its lowest levels in months last week due to concerns that rising interest rates could push the global economy into recession. TASI, the main index, fell for a second consecutive day on Thursday to end 0.1 percent lower at 11,311 points, while the parallel Nomu market added 0.4 percent to 20,728. Qatar led the fall in the ....

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