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RIYADH: Saudi Arabia’s main stock index gained 0.3 percent on Tuesday, buoyed by chemical giant Saudi Basic Industries Corp. which posted higher second-quarter profits. TASI closed the session at 12,330, while the parallel Nomu market added 0.6 percent to 22,199. Abu Dhabi and Dubai advanced by 0.2 and 1.1 percent, respectively, while Qatar, Oman, and Kuwait all lost between
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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
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
Asia saw a rebound in debt markets but lagged the world in equities while soaring commodities helped some but hurt others.