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  • 30-08-22

    TASI closes Monday’s session unaffected by financial uncertainty

    (MENAFN) The Saudi share market mimicked worldwide counterparts with shares closing nearly level on Monday, as financers fear around inflation-associated financial stoppages.

    The Tadawul All Share Index closed at 12,530, whereas the similar Nomu dropped 1.16 percent at 21,510.

    Oil giant Saudi Aramco finished the session with a 0.65 percent decline, whereas Methanol Chemicals Co. decreased 0.13 percent.

    In the economic sector, Al Rajhi, the Nation’s biggest valued bank, jumped 0.44 percent, whereas the Saudi National Bank, the kingdom’s largest lender, closed the day unaffected at SR70.5.

    The stock price of Alinma Bank gained 1.45 percent, whereas the Saudi British Bank saw a drop of 1.33 percent.

    In the pharmaceutical sector, Nahdi Medical Co. witnessed a surge of 0.42 percent, whereas Aldawaa Medical Services Co. added 1.32 percent.

    Saudi Pharmaceutical Industries and Medical Appliances Corp. jumped 0.7 percent, after securing SR1.26 billion (USD335 million) value of Shariah-compliant financing to expand the business.

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