RIYADH: Saudi Arabia’s Tadawul All Share Index slipped on Wednesday, losing 29.12 points, or 0.26 percent, to close at 11,099.98. The total trading turnover of the benchmark index was SR4.22 billion ($1.12 billion) as 75 of the listed stocks advanced, while 146 retreated. Similarly, the Kingdom’s parallel market Nomu also dropped 6.20 points, or 0.03 … Read more
RIYADH: Saudi Arabia’s Tadawul All Share Index stayed steady on Tuesday, increasing slightly by 10.16 points or 0.09 percent to close at 11,129.10. The total trading turnover of the benchmark index was SR5.53 billion ($1.47 billion) as 85 of the listed stocks advanced, while 123 declined. Saudi Arabia’s parallel market Nomu also gained 239.81 points … Read more
RIYADH: Sustainable issuances in the Gulf, particularly sukuk, are expected to gain prominence due to the upcoming UN climate change conference, or COP28, according to Fitch Ratings. Bashar Al-Natoor, global head of Islamic finance and managing director at Fitch Ratings, highlighted the international event’s role in increasing awareness of sustainability issues in the region and … Read more
