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FinancialNews


  • 10-01-22

    Saudi stock exchanges start week on high note in spite of surge in COVID infections

    (MENAFN) Saudi Arabia’s financial market made an optimistic beginning to the exchanging week in spite of an increase in Covid-19 infections internationally. TASI, the benchmark index, ended 1.14 percent higher at 11,560 points, whereas the similar Nomu market closed 0.8 percent to hit 25,831 points.

    This was pushed by increases in some of the Kingdom’s largest companies together with a few main banks, involving Alinma Bank.

    It reached a record high ending of of SR26.1 (USD 6.95), with about 15 million stocks changing ownership. Stocks in Al Rajhi Bank and Bank Aljazira also drove the benchmark index higher, increasing 0.7 percent and 3.4 percent, in that order.

    The Saudi National Bank jumped by 1.2 percent as the National Commercial Bank, or NCB, finalized the last stages of a merger with Samba Financial Group to establish SNB.

    MENAFN10012022000045013568ID1103512389

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