image description
image description
Tell A Friend

FinancialNews


  • 21-12-22

    Saudi share market earns 93 points triggered by revived stockholder spirit at Tuesday’s end

    (MENAFN) Saudi Arabia’s Tadawul All shares Index on Tuesday saw a surprising regain after reaching a low of 10,055.56 at 11:13 a.m. to end 93.97 points higher— or 0.92 percent — to stand at 10,280.15, caused by purchases in nearly every sectors.

    The materials and utility areas ushered the increase, which earned 2.29 percent and 1.1 percent, individually. The capital goods and banking industries also showed interest between financers as the indices jumped by 1.10 percent as well as 1.09 percent, individually.

    “Within the banking sector, gains in larger banks such as Al Rajhi Bank and Alinma Bank more than offset declines in 7 out of 11 banking stocks on the exchange,” Junaid Ansari, chief of investment plan and research at Kamco Invest, informed Arab News.

    Whereas Al Rajhi Bank jumped 3.7 percent to end at SR75.70 (USD20.13), Alinma Bank earned 1.73 percent to end at SR32.30.

    “Performance in the materials sector was also mixed but the gains in large-cap names like SABIC Agri-Nutrients and SABIC more than offset the declines,” Ansari also mentioned.

    MENAFN21122022000045014228ID1105336021

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved