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  • 28-12-21

    Saudi stock exchange drops on low record over Omicron concerns

    (MENAFN) Saudi Arabia’s stock exchange dropped a tad at the closing bell as worries of Covid-19 omicron strain and increasing infections carries on to affect investor sentiment.

    The major stock index, TASI, ended at 11,161 points, whereas the parallel market, Nomu, fell to about 1 percent to 26,237 points.

    Al Rajhi Bank was the largest factor to the session’s losses as it plummeted by to SR139 (USD37), with stocks that value more than SR239 million (USD63.6m) changing hands within the day. Riyad Bank fell by 1.45 percent to end at SR27.2 (USD7.24).

    Amongst the biggest fallers, Wataniya Insurance, Astra Industrial, as well as Sadr Logistics, all dropped in the array of 2 to 4 percent

    MENAFN28122021000045013568ID1103453162

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