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FinancialNews


  • 29-09-22

    TASI opens Thursday’s session on higher note TASI opens Thursday’s session on higher note

    (MENAFN) Saudi Arabia’s benchmark index surged in early exchange on Thursday, extending earnings from the earlier session as financers removed worries of a worldwide recession.

    The Tadawul All-Share Index added 1.22 percent to stand at 11,306, whereas the similar market Nomu opened unaffected at 19,922, at 10:08 a.m. Saudi time.

    Saudi oil giant Aramco started with a 1.29 percent earn, whereas Rabigh Refining and Petrochemical Co. jumped 1.15 percent.

    The Saudi National Bank, the nation’s biggest lender, climbed 1.46 percent, whereas Saudi British Bank was 4.18 percent higher.

    The nation’s biggest valued bank, Al Rajhi, saw a jump of 0.88 percent, whereas Alinma Bank flew 1.57 percent.

    Saudi Basic Industries Corp. increased 0.34 percent, as it declared the resignation of its chief executive Yousef Al-Benyan to get appointed as Education Minister, and hired Abdulrahman Al-Fageeh as current chief executive.

    Retal Urban Development Co. dropped 0.14 percent, following its 50 percent share sale in a land plot in Al Khobar for SR113 million (USD30 million).

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