Saudi stocks end flat on US-China tensions: Closing bell World Finance News


Source: worldfin.news worldfin.news

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Saudi Arabia’s benchmark index ended flat in the week’s final session, as oil prices declined and investors scramble to assess the impact on the market caused by tensions between the US and China over House Speaker Nancy Pelosi’s visit to Taiwan. In its closing bell on Thursday, the Tadawul All Share Index ended at 12,291 points, while the parallel market, Nomu, gained 0.36 percent to reach 21,837 points. In energy trading, Brent crude dropped to $96.67 a barrel, while West Texas Intermediate fell to $91.03 as of 3:10 p.m. Saudi time. Naseej International Trading Co. led the gainers with a...