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FinancialNews


  • 19-09-22

    TASI closes Sunday’s session falling 2 percent due to investors’ worries

    (MENAFN) Saudi Arabia’s benchmark index decreased in the opening session of the week, due to careful stockholder sentiment with approaching domestic inflation figures and the Federal Reserve’s interest rate declaration.

    The Tadawul All Share Index fell 2.18 percent to close Sunday at 11,572, whereas the similar market Nomu dropped 1.62 percent at 20,585.

    Saudi oil giant Aramco closed the session with 0.68 percent decrease, whereas abigh Refining and Petrochemical Co. lost 4.27 percent.

    Almarai Co. fell 0.75 percent, after declaring the full recovery of its SR1.6 billion (USD426 million) sukuk on the 16th of September.

    The nation’s biggest valued bank Al Rajhi declined 2.17 percent, whereas Alinma Bank saw a decrease of 1.36 percent.

    The Saudi National Bank, which is the nation’s biggest lender, fell 2.45 percent.

    Saudi British Bank decreased 1.99 percent, after finishing a SR1.2 billion (USD319 million) agreement to exchange specific lines of business among HSBC Saudi Arabia and Alawwal Invest Co.

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