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  • 15-06-22

    Saudi stocks end Monday’s session with further drops

    (MENAFN) Saudi shares dropped more throughout Monday's exchange session, reflecting a worldwide movement after concerns that increasing inflation is going to cause a financial stoppage.

    The benchmark index, TASI, fell 2.18 percent to 12,053, whereas the similar market, Nomu, declined 1.27 percent to 21,461.

    Dubai decreased by 2.7 percent to take the highest drop in the Gulf, shadowed by Saudi Arabia.

    Stock trades of Abu Dhabi, Qatar, and Bahrain were decreased 1.8, 1.5, and 1 percent, individually, trailed by Oman and Kuwait with drops by 0.4 percent.

    Outside the Gulf, Egypt’s blue-chip index EGX30 declined 0.8 percent.

    In energy exchange, Brent crude increased to USD122.95 per barrel, and US West Texas Intermediate amounted to USD121.5 per barrel at 9:11 AM Saudi time on Tuesday.

    MENAFN15062022000045014228ID1104377387

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