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FinancialNews


  • 07-09-22

    Saudi shares close Tuesday’s session lower due to oil prices

    (MENAFN) The Saudi share market closed Tuesday’s session worse, with oil costs coming back to rates under USD100 a barrel.

    Saudi Arabia’s benchmark index TASI declined 0.87 percent to close at 11,994, whereas the similar market Nomu fell 1.99 percent to 20,851.

    Saudi oil giant Aramco decreased 0.93 percent, whereas Rabigh Refining and Petrochemical Co. jumped 3.1 percent.

    The Saudi National Bank, the kingdom’s largest lender, witnessed its stock cost surge by 0.6 percent.

    Al Rajhi, the nation’s biggest valued bank, fell 1.59 percent, whereas the Saudi British Bank surged 0.89 percent.

    BinDawood Holding Co. plummeted 1.11 percent, following the announcement that chief executive Ahmad Abdulrazzag BinDawood resigned.

    United Electronics Co., or eXtra, climbed 1.01 percent, after it acquired approval from the Capital Market Authority to surge its capital by 33 percent.

    East Pipes Integrated Co. for Industry soared 0.28 percent, after the CMA’s acceptance to raise its capital to SR315 million (USD84 million).

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