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FinancialNews


  • 27-12-22

    Tadawul All share Index traded value reaches worst figure in 3 years at Monday’s end

    (MENAFN) Saudi Arabia’s Tadawul All share Index ended its surging trend on Monday as it saw a decrease of 5.88 points — or 0.06 percent — to end standing at 10,228.64 as the seasonal stoppage in the last trading week of the year cast its shadow on the bourse.

    The overall exchanging turnover stood flat at SR1.92 billion (USD510 million) in comparison with Sunday’s end and decreased versus Thursday’s SR2.67 billion. The increase to decrease ratio tilted south as 60 shares of the registered 221 were on a positive territory while 148 were in the negative.

    “Value traded on the exchange today was the lowest in three years while volume traded was the fifth lowest in three years, reflecting a seasonal slowdown in trades globally,” Junaid Ansari, chief of investment strategy and research at Kamco Invest, informed Arab News.

    “Saudi market continued to move sideways with minimal change due to lack of catalysts,” he also stated.

    MENAFN27122022000045014228ID1105356273

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