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  • 09-11-22

    TASI closes Tuesday’s session down due to oil price changes

    (MENAFN) Saudi Arabia’s benchmark index decreased on Tuesday because of worries around oil cost changes as well as varied earnings reports.

    The Tadawul All Share Index dropped 0.97 percent to finish at 11,486, whereas the similar market, Nomu, fell 1.28 percent to end at 19,251.

    Saudi oil giant Aramco closed the day 0.14 percent less, a week after declaring that its income had jumped 39 percent in the July-September period of this year, exceeding the average of analysts’ estimates.

    Incomes at the most profitable oil firm in the world reached SR159 billion following income jumped 51 percent to SR544 billion.

    Saudi National Bank, the nation’s biggest lender, dropped 2.69 percent, whereas the nation’s highest valuable bank, Al Rajhi, dropped 0.12 percent.

    ACWA Power Co. shed 3.93 percent, following the announcement that its entirely owned subsidiary, ACWA Power Management and Investments One Limited, proposed to purchase cash bonds amounting to USD400 million on the Irish share Exchange.

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