Categories: Business

TASI opens in green for the first time this week: Opening bell


Tue, 2022-09-20 10:59

RIYADH: Saudi Arabia’s main index started higher for the first time since the beginning of the week as investors took a breather following a steep sell-off, but major central banks’ rate hike plans and recession risks are keeping investors cautious.

The Tadawul All Share Index rose 1.12 percent to start Tuesday at 11,574, while the parallel market Nomu traded up 0.13 percent at 20,256, as of 10:06 a.m. Saudi time.

Saudi oil giant Aramco increased by 0.69 percent, while Rabigh Refining and Petrochemical Co. grew by 1.41 percent.

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

Doctors wrongly said I was too young to have endometriosis at 13

Paediatric gynaecologist Dr Gail Busby says nearly 80% of adolescents will have painful periods, but…

1 hour ago

US Navy Reveals AIM-424 Malice as Next-Generation Long-Range Missile to Counter China’s Expanding Maritime Strike Reach

The United States Navy has publicly revealed the AIM-424 Malice, a next-generation long-range air-to-air missile…

8 hours ago

Canada-US Trade Rift Deepens as Carney Rejects ‘Bad Deal’ and Announces Retaliatory Tariffs

Canadian Prime Minister Mark Carney has announced retaliatory tariffs against the United States after trade…

21 hours ago

Pakistan’s Suspected Chinese LD-2000 Acquisition Could Deepen Beijing’s Defence Influence and Reshape South Asian Air Warfare Dynamics

Pakistan’s suspected procurement of China’s LD-2000 close-in air defence system could carry implications extending well…

1 day ago

Türkiye’s FNSS Reveals U-MAV Unmanned Amphibious Vehicle to Perform Dangerous First-Wave Missions, Crewed Assault Vehicles

Turkish armoured vehicle manufacturer FNSS has unveiled a new heavy unmanned amphibious combat platform designed…

1 day ago

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…

2 days ago