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FinancialNews


  • 16-11-22

    TASI closes Tuesday’s session under 11,200-mark lowest in more than 1 month

    (MENAFN) Saudi Arabia’s benchmark index extended its Monday’s decreases on Tuesday when it fell to under 11,200 rate for the initial time in more than a month, with dropping oil costs recording a damper on the market.

    The Tadawul All Share Index decreased 0.9 percent to close at 11,096, whereas the similar market Nomu lost 2 percent to close at 18,622.

    In energy trading, Brent crude amounted to USD92.58 a barrel, and US main WTI exchanged at USD85.22 a barrel as of 3:04 PM Saudi time.

    Shares of Saudi oil giant Aramco decreased by 1.78 percent at the close of Tuesday’s session.

    The oil giant has previously recorded a 39 percent jump in the July-September period of this year, exceeding the average of analysts’ estimates.

    Incomes at Aramco reached SR159 billion (USD42 billion) following income jump 51 percent to SR544 billion.

    Saudi share market operator Tadawul Group earned 1.69 percent at the close of Tuesday, regaining from its decreases on Monday.

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