The global stock market rout reflected on Tadawul on Tuesday as uncertainty in Europe and concerns about the economic recovery pushed confidence down in the Kingdom. The Tadawul All-Share Index (TASI) plunged 6.75 percent to 5,760.33, led by
Saudi shares lost the most in more than a year, leading a drop in the oil-rich Gulf, as crude and global stock markets slumped on concern Europe’s debt crisis will spread and as tensions grew in the Korean peninsula. Saudi Basic Industries Corp., the
Saudi Arabian stocks led a rout on Middle East markets as declines in oil prices sparked panic selling in the world's top crude exporting region. Saudi Basic Industries Corp (Sabic) fell 8.2 percent, hitting an eight-month low before recovering some of
Saudi Basic Industries Corp. (SABIC) slumped to a 15-week low on Monday as fears China would move to slow its economy spurred investors to dump stocks of petrochemicals firms, which have considerable exports to China. Most Middle East markets fell,
The following companies may rise or fall in Gulf Arab markets. Stock symbols are in parentheses and prices are from the last close. Qatar’s gauge fell 1.5 percent to 6,974.96, the lowest level since March 15. Abu Dhabi’s ADX General Index declined 0.
The Saudi bourse regulator has fined four listed firms for breaching disclosure rules as it gradually opens up to foreign investors. The chief executive of Zain Saudi Arabia, the kingdom's newest mobile phone operator affiliated to Kuwait's Zain, was
Saudi Arabia's Knowledge Economic City will start an initial public offering on Monday to raise 1.02 billion riyals ($272 million), the firm's chief executive said. The IPO, which will offer 30 percent of the company through issuing 102 million sh
Arab stock markets lost fresh ground last week as investors continued to come under psychological pressure from the euro zone debt crisis and plummeting oil prices mainly due to European growth fears, financial analysts said. The plunge was led by S
Petrochemical, cement and banking stocks led Saudi shares to their lowest close in more than three months after oil prices fell on concerns over global demand. The Tadawul All-Share Index (TASI) closed 1.34 percent down at 6,315.46 points, its lowe
Saudi Arabian stocks fell to the lowest level in three months, led by petrochemical companies, as oil closed near the lowest this year and European shares declined on concern economic growth may slow. Saudi Basic Industries Corp., the world’s larg