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  • 03-11-22

    TASI closes Wednesday’s session on lower note

    (MENAFN) Saudi Arabia’s benchmark index decreased today, pulled lower by varied gains decelerations and a decrease at Aramco’s stocks, the biggest market player, in spite of robust three-monthly performance.

    The Tadawul All Share Index dropped 1.18 percent, to close at 11,530, whereas the similar market, Nomu, earned 0.49 percent to close at 19,600.

    Saudi oil giant Aramco finished Tuesday's session decreasing 0.14 percent, after the deceleration that its income had jumped 39 percent in the July-September period of this year, exceeding the average of analysts’ estimate.

    Income at the highest profitable oil firm in the world reached SR159 billion (USD42 billion) following a revenue climb of 51 percent to SR544 billion (USD144.7 billion).

    The oil giant was estimated to record SR152 billion (US40.4 billion) in net revenue, as shown by Bloomberg figures, against Al Rajhi Capital's projection of SR154 billion (USD40.9 billion).

    Saudi Arabian Mining Co., or Ma’aden, dropped 9.92 percent, in spite of its income almost reaching treple the figure to stand atSR8.3 billion (USD2.2 billion) throughout the opening nine months of this year.

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