TASI starts flat as recession fears persist: Opening bell

RIYADH: The Saudi stock market started flat on Monday as economic slowdown fears and shifting oil prices affected the market. 

The Tadawul All Share Index started at 12,194, while the parallel Nomu declined 0.85 percent to 21,456, as of 10:08 a.m. Saudi time.

Riyadh Cement Co. shed 2.23 percent, after reporting a decline of 47 percent in profit to SR85 million ($23 million) in the first half of the year.

Group Five Pipe Saudi Co. dropped 6.19 percent, after turning into losses of SR19 million in the first half of 2022.