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RIYADH: Stocks in Saudi Arabia fell Tuesday at the closing bell after mixed earnings results from major firms and rising inflation were digested by investors. The main index, TASI, fell 2.21 percent to 13,509, while the parallel market, Nomu, dropped 1.62 percent to 23,094. Saudi Arabia’s oil giant closed 0.22 percent higher as its shares soared to a market cap of $2.463
RIYADH: Saudi stocks opened lower during the first trading session of the week following investors' confusion over price movements in the energy market. Both the main index, TASI, and the parallel market, Nomu, opened 0.58 percent lower at 13,456 and 23,693 points, respectively, at 10:09 a.m. Saudi time. Oil prices closed Friday lower, with Brent crude reaching 106.65 per
RIYADH: Saudi stocks were down during the early trading session on Thursday as investors awaited a new set of corporate results to determine the effects of inflation. The main index, TASI, fell 0.27 percent to 13,503, while the parallel market, Nomu, opened flat at 24,299, as of 10:09 a.m. Saudi time. Wataniya Insurance Co. jumped 9.96 percent, as it announced getting its
RIYADH: Saudi Arabia’s main stock market closed lower in the previous trading session, following a multiday rally. At the closing bell, TASI was down 0.8 percent to 13,540 points, while the parallel market, Nomu, gained 0.2 percent to reach 24,311. Stock exchanges in Dubai, Qatar, Oman, and Kuwait all rose between 0.3 and 0.6 percent, while those of Abu Dhabi and Bahrain ended
RIYADH: Saudi stocks ended the day higher on Tuesday despite a dive in global stock markets as another huge leap in oil prices raised the spectre of inflationary pressures. At the closing bell, the main index, TASI, closed 0.34 percent higher to 12,851, while the parallel market Nomu fell 0.35 percent to 24,542. In the energy market, Brent crude prices climbed to $126.08 per