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  • 23-06-22

    Saudi shares close Wednesday’s session with decreases despite recent recover

    (MENAFN) Saudi shares dropped on Wednesday regardless of a recent regain, as the Fed Reserve’s decided price increases and the risk of a recession remain to pressure on stockholder sentiment.

    The major index, TASI, declined 2.91 percent to finish at 11,319, whereas the similar market, Nomu, dropped 1.08 percent to 20,649.

    Arab Sea Information System Co. earned 4.76 percent to top the earners, trailed by Rabigh Refining and Petrochemical Co. with a 4.41 percent rise.

    National Gypsum Co. topped the decreased with a 9.99 percent drop, followed by Amana Cooperative Insurance Co. with a 7.46 percent decline.

    Saudi Aramco, the biggest player on the Saudi oil market, ended today’s exchange decreasing 0.80 percent.

    In the economic area, the Kingdom’s biggest valued bank Al Rajhi fell 4.31 percent, after statistics presented that the bank lost 15 percent throughout June, its highest monthly drop since August 2015.

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