Categories: Business

TASI continues to lose ground tracking oil prices: Closing bell


Thu, 2022-11-10 16:38

RIYADH: Saudi Arabia’s main index extended its losses in its last trading session of the week following further declines in oil prices.

The Tadawul All Share Index declined 1.71 percent to end at 11,211 while the parallel market Nomu dropped 1.67 percent to finish at 18,908.

Saudi oil giant Aramco ended the session 0.29 percent lower, a week after announcing that its profit had surged 39 percent in the third quarter of 2022, surpassing the average of analysts’ forecasts. 

Main category:
Business & Economy



Source link

gulftimes

Recent Posts

New weight loss pill approved for use in UK

A daily weight-loss pill made by the drug firm behind the Mounjaro jab has been…

2 hours ago

Benjamin Netanyahu’s rejection of Trump’s 15-point Gaza plan unlikely to be final word

In July, after months of delicate negotiations, Trump announced a "major milestone" in the implementation…

2 hours ago

Israel rejects Trump’s 15-point plan for Gaza, Netanyahu says

Trump last month announced "a monumental step toward lasting peace and security" after Hamas said…

1 day ago

Sudan: ‘It made me dream again’: The students refusing to let war stop their education

“I was about to surrender to the idea that higher education was not necessary because…

1 day ago

Spain Imposes Border Checks on Italian Travellers in Tit-for-Tat Response to Rome’s Controls Following Ceuta Migrant Surge

Spain on Saturday (Aug 8) started border checks on travellers arriving from Italy, responding to…

1 day ago

AI Is Reshaping Strategy Consulting, but Human Influence Still Defines the Industry

The rapid rise of artificial intelligence is forcing every knowledge-based profession to confront a difficult…

1 day ago