Categories: Business

TASI settles lower as earnings season comes to an end: Closing bell


Sun, 2022-08-28 15:58

RIYADH: Saudi stocks were off to a bad start this week after the earnings season ended with mixed results, forcing investors to be cautious.

The Tadawul All Share Index concluded the first trading season of the week 0.52 percent lower at 12,526, while the parallel Nomu finished 0.61 percent down at 21,763.

Oil giant Saudi Aramco ended the session with a 1.65 percent decline, while Al Rajhi, the Kingdom’s largest valued bank, declined 1.41 percent.

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

The 'hidden gem' offering a place to grow, connect and heal

Annadale Community Garden Group is one of four groups or individuals in the running for…

3 hours ago

Why Did Trump Cut South Korea-US Military Drills, and What Does He Want From North Korea’s Kim Jong Un This Time?

The United States and South Korea have begun their annual joint military exercises under an…

5 hours ago

How Israel is expanding settlements in drive to reshape West Bank

It was during a ceremony at a settlement in the occupied West Bank last September…

14 hours ago

UK, Canada and Australia condemn Israel for refusing criminal probe into aid worker killings in Gaza

In its statement on Wednesday, the IDF said the presence of an armed guard with…

17 hours ago

US Signals Toughest-Ever Iran Sanctions as Trump Threatens Countries Supporting Tehran and Oil Markets Brace for Further Disruption

The United States is preparing to impose what Treasury Secretary Scott Bessent described as the…

20 hours ago

DR Congo Ebola outbreak spreading exponentially, UN responders warn

Key pointsEbola deaths reach 2,516 in DRC  Response funding could run out within weeks Dozens of…

21 hours ago