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RIYADH: Saudi stocks settled flat on Tuesday, as news over potential global inflation spurred investor worries, while the market continued to see positive earnings reports. The main index, TASI, ended the session flat at 12,545, while the parallel market Nomu edged 0.34 percent lower to finish at 22,034. Stock market gains across the whole region were subdued, amid volatile
RIYADH: Saudi stocks extended gains on Monday on the back of strong earnings and economic growth, after logging a monthly gain of 5.9 percent for July. Tadawul’s TASI was up 1.2 percent to 12,338, while the parallel Nomu market advanced 0.5 percent to 21,502. The Kingdom’s gross domestic product grew at the fastest rate since 2011 at 11.8 percent in the second quarter of 2022,
RIYADH: Saudi Arabia’s stock market dropped on Tuesday to lead the fall in the Gulf, despite an above estimated 9.9 percent growth in the gross domestic product in the first quarter, according to official data. On a different note, credit rating agency Moody’s affirmed the Kingdom's rating at ‘A’ with a stable outlook, primarily driven by the government’s fiscal policy