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  • 07-02-22

    Saudi stock markets pick up its balance over robust earnings push

    (MENAFN) Saudi Arabia’s financial market embarked on a stronger start to the exchanging week as stocks picked up their balance again, pushed by positive sentiment, profits, and high crude oil costs.

    TASI, the benchmark stock index, increased 0.5 percent to 12,204 points, crossing over the 12,200 record after two consecutive days in the red zone. The equivalent market, Nomu, surged up by 0.4 percent to reach 25,316 points.

    Amongst the country’s biggest traders, oil giant Aramco tanked 0.27 percent and Al Rajhi Bank increased by 0.54 percent. Saudi insurers Amana and Enaya was on the top of the gainers, jumping up by 10 percent and 8.6 percent, in that order.

    MENAFN07022022000045013568ID1103651077

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