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RIYADH: Saudi stocks closed higher on Tuesday, bucking the downward trend in most Middle Eastern and global markets. TASI rebounded from three days of losses to advance 0.5 percent to 12,300, while the parallel market Nomu lost 0.5 percent to 22,251. Stock exchanges of Abu Dhabi, Kuwait, Dubai, and Egypt dropped 2.5, 2.2, 1.5, and 1 percent, respectively. While those of Qatar,
RIYADH: Saudi Arabia’s stock market closed last trading week lower, as TASI extended losses, investors remained cautious on omicron fears, and earnings season moved into high gear. In the latest session, TASI slipped 0.4 percent to reach 12,142 points, while the parallel market, Nomu, inched up by 0.1 percent to 25,215 points. The main indexes of Qatar, Bahrain, Oman, and
RIYADH: The Saudi bourse slightly retreated at 10:40 a.m Saudi time amid fears among traders on the spread of omicron. The market saw a wave of volatility trading driven by declines in shares of most major companies. The main index, TASI, fell 0.57 percent to 11,104 points while the parallel market, Nomu, remained flat at 26,554 points. Anaam International Holding Group’s
IYADH: Tadawul’s TASI fell slightly in morning trading, down 0.14 percent to 10923.48 points. Parallel market Nomu rose 0.43 percent to 23695.58 points. The biggest moving stocks of the day so far were Development Works Food, National Gypsum Co, and Sadr Logistics, up 9.94 percent, 9.9 percent, and 7.14 percent respectively. Shares of Sadr Logistics were trading at another
Top Saudi developer Jabal Omar said it has won approval from the finance ministry to restructure its SR3 billion ($800 million) loans and also convert SR1.5 billion of the existing loan into a new shariah-compliant subordinated perpetual instrument.