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FinancialNews


  • 06-09-22

    Saudi shares close Monday’s session on lower note

    (MENAFN) The Saudi share market closed Monday’s session with decreases, driven by a fall in stakes of a number of main investors in the market.

    The Tadawul All-Share Index dropped 0.77 percent to close at 12,099, whereas the similar Nomu fell 1.69 percent at 21,274.

    Saudi Tadawul Group Holding Co., owner of the Kingdom’s bourse, topped the decliners with a 5.43 percent drop.

    Saudi oil giant Aramco fell 0.4 percent, whereas Rabigh Refining and Petrochemical Co. fell 2.10 percent.

    The Saudi National Bank, the nation’s largest lender, witnessed its stock price decrease by 1.90 percent

    Al Rajhi, the Nation’s biggest esteemed bank, fell 0.79 percent, whereas the Saudi British Bank lost 0.76 percent.

    Riyadh Cement Co. dropped 1.39 percent, following registering a fall of 47 percent in revenue to SR85 million (USD23 million) in the first six months of 2022.

    Group Five Pipe Saudi Co. fell 7.09 percent, after turning into losses of SR19 million in the first six months of this year.

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