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  • 12-09-22

    TASI closes Sunday’s session with higher figures due to higher crude prices

    (MENAFN) Saudi Arabia’s benchmark index earned ground in the initial session of the week, driven by increased crude oil prices.

    The Tadawul All Share Index earned 0.90 percent to close at 11,940 on Sunday, whereas the similar market Nomu gained 1.47 percent to 20,737.

    Saudi oil giant Aramco soared 1.5 percent, whereas Rabigh Refining and Petrochemical Co. lost 1.01 percent.

    Al Rajhi, the nation’s biggest valued bank, added 1.4 percent, whereas Alinma Bank jumped 1.78 percent.

    The Saudi National Bank, the Kingdom’s largest lender, was 1.21 percent higher, whereas Saudi Arabian Mining Co., known as Ma'aden, surged by 1.59 percent.

    Lazurde Co. for Jewelry rose 9.97 percent to top the earners early in trading, whereas Al-Rajhi Co. for Cooperative Insurance was 4.5 percent lower to top the decliners.

    Abdulmohsen Alhokair Group for Tourism and Development increased by 1.29 percent, as it started discussions with its unit to obtain hotels presently leased by the group.

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