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FinancialNews


  • 11-10-22

    TASI closes Monday’s session with decreases for third conductive day

    (MENAFN) Saudi Arabia’s share market closed with decreases on Monday, carrying on its decline trend for the third session in a row as gains season starts and stockholders anticipating outcomes.

    The Tadawul All Share Index dropped 0.31 percent to finish at 11,530, whereas the similar market Nomu was down 0.74 percent to close at 19,794.

    Saudi oil giant Aramco closed with 0.69 percent decrease, whereas Rabigh Refining and Petrochemical Co. recorded 0.81 percent lower.

    The Saudi National Bank, the nation’s biggest lender, dropped 2.48 percent, whereas Saudi British Bank closed the session unaffected.

    The nation’s highest valued bank Al Rajhi earned 0.12 percent, whereas Alinma Bank fell 0.95 percent.

    United Electronics Co., identified as eXtra, was 3.09 percent lower, in spite of recording an 18 percent jump in net revenue during the opening nine months of this year.

    Nayifat Finance Co. shed 0.50 percent, after the re-election of Saleh Al-Omair as Chairman while AbdulMohsin Al-Saleh was appointed as Vice Chairman of the board.

    National Co. for learning & Education earned 1.52 percent, following the signing of a SR188 million (USD50 million) Shariah-compliant bank facility deal with Saudi British Bank.

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