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FinancialNews


  • 19-05-21

    56 companies listed on Tadawul trade above their three-month averages

    (MENAFN)On Tuesday, a total amount of 56 companies set on the Saudi Exchange (Tadawul) were trading above their three-month averages, as the bourse revived this week after the Eid Al-Fitr holiday.

    Leading the pack was Kingdom Holding, the company controlled by Saudi Arabia’s Prince Alwaleed bin Talal.

    Kingdom Holding was trading 418 percent higher than its three-month trading average, based to data compiled by financial website Argaam.

    This is regardless of the fact that the company in March marked a net drop after Zakat and tax of SR1.46 billion (USD390 million) for last year, compared with a profit of SR420.2 million the year before, a swing of 449.1 percent.

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