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  • 31-08-22

    TASI closes Tuesday’s session in negative territory

    (MENAFN) The Saudi share market closed Tuesday’s session on a negative note, with oil prices dropping after a steep rise.

    The Tadawul All Share Index fell 0.6 percent at 12,455, whereas the similar market, Nomu, jumped 0.39 percent at 21,595.

    Oil giant Saudi Aramco closed the session with a 0.78 percent decrease, whereas Methanol Chemicals Co. fell 1.41 percent.

    In the economic area, Al Rajhi, the Kingdom’s biggest valued bank, dropped 0.55 percent, whereas the Saudi National Bank, the nation’s largest lender, declined by 0.71 percent.

    The stock price of Alinma Bank surged 0.26 percent, whereas the Saudi British Bank lost 0.37 percent.

    In the pharmaceutical sector, Nahdi Medical Co. closed unaffected at SR193.4, whereas Aldawaa Medical Services Co. declined 0.39 percent.

    Saudi healthcare provider Tibbiyah earned 1.08 percent, as it finished the acquisition of a 51 percent share in Innovative Care Co. for SR214 million (USD57 million).

    Between the nation’s information technology companies, Elm Co. jumped 1.86 percent, whereas Al Moammar Information Systems Co. fell 0.77 percent.

    MENAFN31082022000045014228ID1104784863

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