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  • 15-08-22

    TASI closes Sunday’s session with declines due to Aramco’s stake drop

    (MENAFN) The Tadawul all Share Index, Saudi Arabia’s benchmark index, closed the opening exchange session of the week with declines, after four gains in a row due to a drop in Aramco.

    TASI dropped 0.13 percent to end at 12,514, while the similar market, Nomu, closed unaffected at 22,041.

    Saudi Aramco fell 0.86 percent, regardless of recording a 90 percent raise in the April-June period this year to SR182 billion (USD48.4 billion), beating experts’ estimates with the biggest three-monthly income since going public three years ago.

    The Saudi Tadawul Group Holding Co. fell 1.65 percent, after it recorded a 23 percent first half income drop to SR278 million.

    The Alandalus Property Co. decreased 1.28 percent, after posting SR35 million in revenue for the first 6 months of the year, dropping 8 percent from the same half in 2021.

    The National Agricultural Development Co., identified as Nadec, finished the day unaffected, after it turned into incomes of SR43 million throughout the January-June period of this year.

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