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27-10-22
TASI closes Wednesday’s session on lower note
(MENAFN) Saudi Arabia’s benchmark index decreased for the second day in a row as an outcome of mixed gains declaration.
The Tadawul All Share Index dropped 1.46 percent to close reaching 11,798, whereas the similar market Nomu fell 1.12 percent to close at 19,714
Saudi oil giant Aramco closed the day dropping 1.82 percent, whereas Rabigh Refining and Petrochemical Co. fell 2.27 percent.
Saudi National Bank, the nation’s biggest lender, fell 2.60 percent, following its latest declaration of a 42 percent rise in revenue to SR14 billion (USD3.8 billion).
The Kingdom’s highest valuable bank, Al Rajhi, shed by 1.70 percent, after recording a 19 percent junmp in revenue to SR13 billion (USD3.4 billion) in the January-September period of this year.
Yanbu Cement Co. earned 2.07 percent, with income 4 percent higher to SR156 million for the third quarter.
SABIC Agri-Nutrients Co. fell 2.67 percent, in spite of a 219 percent increase in revenue to SR8 billion (USD2.1 billion) throughout the January-September period of this year.
MENAFN27102022000045014228ID1105087082
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