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FinancialNews


  • 21-09-22

    TASI closes Tuesday’s session with increases

    (MENAFN) Saudi Arabia’s benchmark index regained marginally after decreasing sharply at the start of the week, but main central banks’ prepare to surge interest rates and the threat of recession keeps fears for stockholders.

    The Tadawul All Share Index jumped 0.50 percent to close Tuesday at 11,503, whereas the similar market Nomu sold flat at 20,218.

    Saudi oil giant Aramco rose by 0.56 percent, whereas Rabigh Refining and Petrochemical Co. gained 1.27 percent.

    The Saudi National Bank, the nation’s biggest lender, soared 2.25 percent, whereas Saudi British Bank earned 1.45 percent.

    The nation’s biggest esteemed bank Al Rajhi Bank edged higher 0.47 percent, whereas Alinma Bank increased 1.39 percent

    Saudi pharma SPIMACO added 2.20 percent, after it renewed its deal with MSD to license and market pharmaceutical arrangements.

    Retal Urban Development Co. gained 0.59 percent, after it inked a deal with the National Housing Co. to construct 759 housing units in Riyadh valued at nearly SR864 million (USD230 million).

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