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FinancialNews


  • 12-12-22

    TASI ends Sunday’s session 108 points lower, capital goods index decreases by 4 percent

    (MENAFN) Saudi Arabia’s Tadawul All Share Index dropped 108.30 points on Sunday to end at 10,138.31, pushed by the hawkish wave in the capital goods, consumer durables and apparel industries.

    The Capital Goods Index lost 216.36 points or 3.98 percent to end at 5,213.3 points. The index decreased 12 percent more than the last month since the 10th of November, when it finished standing at 5,967.17.

    Similarly, on Sunday, the Consumer Durables and Apparel Index lost 3.49 percent to end at 4,214 points, whereas the Real Estate Management and Development Index plummeted 2.94 percent to finish at 2,566.97 points.

    In addition, the real estate investment trusts, the values also bucked the trend. The Utilities Index surged 126.72 points to end at 6,715 points, sustained by ACWA Power which surged 4.3 percent to finish at SR138 (USD36.70).

    The firm last Thursday inked a series of deals with nine Chinese entities, leaving the ground for funding as well as building its renewable energy ventures in Saudi Arabia in addition to Belt and Road Initiative nations.

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