Latest news and articles about saudi market from NEX English
Gulf General Cooperative Insurance has announced its financial results for the third quarter of the year, showing a significant increase in revenues compared to the same period last year. These results reflect the company's improved financial performance and effective market strategy.
The main market index in Saudi Arabia rose by <strong>2.3%</strong>, closing at <strong>11,339</strong> points, marking an increase of <strong>251</strong> points. This surge follows a ceasefire agreement between the United States and Iran lasting two weeks.
The Saudi stock market index, TASI, closed on Sunday with a slight increase of 0.03%, reaching 11,272 points, bolstered by strong performance in the insurance and basic materials sectors.
Recent reports indicate that the Saudi financial market is the least affected by war-related tensions, largely due to the ongoing support from rising oil prices. This reflects the strength of the Saudi economy in facing global crises.
The Saudi main market index (TASI) ended Monday's session with a notable increase of <strong>0.8%</strong>, closing at <strong>11,167 points</strong>, the highest level in over a month and a half, supported by the rise of leading stocks.
Most Gulf stock markets fell at the start of trading on Monday due to escalating geopolitical tensions in the Middle East following Houthi attacks on Israel. Meanwhile, the Saudi market saw a slight increase supported by positive performance from some stocks.