Saudi Arabia stocks rise amid global markets crash. Details here | Stock Market News
Source: Live Mint
Saudi Arabia stocks gained on Monday, April 7, amid a global market crash due to the rising tensions over the Trump tariffs which loomed over stock market investors worldwide.
The benchmark stock index of the Kingdom of Saudi Arabia, the Tadawul All Share Index (TASI), is trading 0.67 per cent higher at 11,151.20 points as of 1:07 p.m. (GMT), compared to 11,077.19 points at the previous stock market close.
This is in contrast to the other major global markets, which suffered heavy losses on Monday, from the Asian markets like the Hong Kong-based Hang Seng index and the Japanese Nikkie 225 index to the European markets like the DAX index in Germany and the UK-based FTSE 100 index.
Index Movers
As the Saudi stocks gained on Monday, companies like the National Company for Learning and Education (NCLE), Jahez International Company for Information System Technology (JAHEZ), Etihad Etisalat Co., Dr. Sulaiman Al Habib Medical Services Group, and Yanbu Cement Co. (YCC) were the top gainers on Monday’s stock market, official Saudi Exchange data shows.
As per the afternoon session in the Saudi market, companies like Nama Chemicals Co., Batic Investments and Logistics Co., Red Sea International Co., MBC Group Co., and Raydan Food Co. were the top laggards on Monday’s stock market session, the data shows.
(This is a developing story. Please check back for updates.)
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