RIYADH: Saudi Arabia’s Tadawul All Share Index wrapped up Monday’s trading session at 12,259.60 points, witnessing an increase of 42.55 points, or 0.35 percent. Nomu, the parallel market, ended the day at 26,859.37 points, shedding 336.56 points or 1.24 percent. Concurrently, the MSCI Tadawul Index grew by 5.34 points to close at 1,535.83, a 0.35 percent increase. TASI reported a trading volume of SR7 billion ($1.86 billion), with 85 stocks making gains and...
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RIYADH: Farasan Islands’ Hareed festival, which concluded recently, marked the start of annual pearl fishing trips, an ancient skill and a major source of the islanders’ prosperity. Ships once carried 30 to 40 islanders in search of pearls, a lucrative source of income in previous centuries. Pearls played a major role in Farasan’s commercial and...