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FinancialNews


  • 26-10-22

    TASI declines due to decreasing oil prices at Tuesday’s end

    (MENAFN) Saudi Arabia’s benchmark index decreased some of its earns to the fall in oil costs on Tuesday, triggering stockholders to stay aware.

    The Tadawul All Share Index dropped 0.84 percent to close standing at 11,973, whereas the similar market Nomu gained 0.8 percent to end at 19,938.

    Saudi oil giant Aramco closed the day 2.05 percent lower, whereas Rabigh Refining and Petrochemical Co. declined 1.54 percent.

    Saudi National Bank, the nation’s biggest lender, dropped 0.61 percent, two days following its declaration a 42 percent rise in income to SR14 billion (USD3.8 billion).

    The Kingdom’s most valuable bank, Al Rajhi, declined by 0.11 percent, after recording a 19 percent surge in revenue to SR13 billion in the opening nine months of this year.

    Riyad Bank saw a drop of 1.50 per cent, following the jump of its income by 13 percent to SR5 billion in the opening nine months of this year.

    MENAFN26102022000045014228ID1105080922

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