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  • 28-06-22

    TASI opens nearly fixed, investors concerned about oil costs

    (MENAFN) Saudi shares started nearly fixed on Tuesday as financers concerned around oil prices’ instability.
    The benchmark index, TASI, dropped 0.02 percent to 11,425, whereas the similar market, NOMU, fell 0.11 percent to 20,225.87 at 10:07 AM Saudi time.

    In energy exchange, Brent crude stood at USD117.02 per barrel and US West Texas Intermediate stood at USD111.43 per barrel, at 10:18 AM Saudi time.

    Bawan Co. earned 4.61 percent to top the gainers, after its declaration that it aims to obtain back up to 3 million shares as treasury stock.

    Ataa Educational Co. dropped 1.94 percent to top the droppers, trailed by National Co. for Learning and Education, which declined 2.70 percent.

    Retal Urban Development Co. shed 0.17 percent, following its first-quarter income surged by 62 percent to SR63.4 million (USD17 million).

    Saudi Aramco, the biggest player on the Saudi oil market, opened today’s exchange rising 0.27 percent.

    In the economic area, the Kingdom’s biggest valued bank Al Rajhi earned 0.12 percent, whereas Arab National Bank dropped 1.94 percent.

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