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  • 14-09-22

    Saudi shares continue gaining at Tuesday’s end

    (MENAFN) Saudi Arabia’s benchmark index carried on to surge throughout Tuesday’s exchange along with increased oil prices and declining recession fears, which grew stockholders’ risk appetite.

    The Tadawul All Share Index closed the session surging 0.52 percent at 12,084, whereas the similar market Nomu closed with a 0.47 percent increase at 20,997.

    The nation’s biggest valued bank Al Rajhi climbed 2.03 percent, whereas Sahara International Petrochemical Co., typically known as Sipchem, jumped 3.98 percent.

    Alujain Corp. topped the earners with a 4.38 percent rise, shadowed by Bawan Co. which gained 4.37 percent.

    Banque Saudi Fransi climbed 4.22 percent, whereas Saudi British Bank stocks opened and closed the day unaffected at SR40 (USD11).

    Saudi Arabian Mining Co., known as Ma'aden, declined 3.76 percent, topping the decliners list, trailed by Alamar Foods Co., which fell 2.88 percent.

    Saudi oil giant Aramco dropped 0.13 percent, and the Saudi National Bank, which is the nation’s biggest lender, decreased 1.33 percent.

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