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FinancialNews


  • 01-12-22

    Saudi share markets regain to end Wednesday’s with higher figures

    (MENAFN) Saudi Arabia’s main index regained its form on Wednesday, with 148 of the 219 registered firms ending with increases as stockholders came in droves to kick-lunch a bull run.

    The Tadawul All Share Index climbed 142 points to finish at 10,896.91, whereas the similar market Nomu jumped 473 points to end at 18,866.

    The overall exchange turnover ended at SR8 billion (USD2.13 billion), an optimistic number from the SR2.58 billion (nearly USD686 million) recorded on Sunday.

    Saudi utility main ACWA Power declared that it inked a power purchase deal with the Water and Electricity Holding Co. to improve the biggest solar photovoltaic plant in the Middle East.

    Located in Makkah, the 2,060-megawatt venture is going to be prepared by the October-December period of 2025 as well as it is anticipated to generate for 350,000 households.

    The news caused an outbreak between shareholders to buy the stocks, causing a 4.32 percent surge in stock value while ending at SR140.20 (USD37.30).

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