Saudi Arabian stocks declined yesterday, erasing an earlier gain to a one-month high, even as some investors expect petrochemical companies and banks to post encouraging second-quarter results. The Saudi Tadawul All Share Index closed less than 0.1%
Saudi shares ended little changed, with petrochemical stocks offsetting declines in heavyweight banking and telecom stocks after US oil prices closed higher for a second week in a row. The Tadawul All-Share Index (TASI) closed just 0.01 percent down at
Arab stock markets reflected mixed performance last week as investors kept a close eye on the euro zone debt crisis, oil prices and the second quarter results, financial analysts said Friday. They expected regional markets to rally in the coming weeks
Saudi Arabian and Qatari shares advanced as oil traded above $76 a barrel and global stocks gained on optimism in US economic recovery. Saudi Basic Industries Corp., the world’s largest petrochemical maker, rose to the highest intraday level in almost a
Saudi Arabia's Tadawul market, which remains closed during the Saudi weekend on Thursday and Friday, was mainly driven by construction and energy-related shares on Wednesday. The main index TASI advanced 0.26%, closing at 6,346.44 points. Dar Al Ark
Saudi Arabian and Qatari shares advanced as oil traded above $76 a barrel and global stocks gained on optimism in U.S. economic recovery. Saudi Basic Industries Corp., the world’s largest petrochemical maker, rose to the highest intraday level in a
Weak Bank and financial services shares weighed on the Riyadh Stock Exchange. The Tadawul All Share Index (Tasi) closed 0.25% lower at 6,323.95 points. SABB Takaful, a leading Islamic insurer in the Kingdom, plummeted 2.90%, ending at SR21.75. Mark
The Riyadh-based Tadawul exchange started weakly, but gained momentum and closed 1.24% higher at 6,340.03 points. The reverse occurred mainly due to strong buying interest in utility bellwether Saudi Electricity Company (SEC), gaining 2.30% at SR
Qatari and Saudi Arabian stocks increased as oil approached $76 a barrel and investors speculated that declines spurred by the European debt crisis are overdone given growth prospects in the Gulf countries. Masraf Al Rayan, a Qatar-based bank, gained
Most Middle Eastern bourses rose on Sunday, buoyed by international markets, but the rebound may be short-lived in the absence of major positive catalysts, traders said. Qatar and Dubai were the strongest regional performers, each bourse gaining nearly