TASI almost flat as Saudi stocks dip further: Closing bell

  • 2/20/2022
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RIYADH: The Kingdom’s stock market fell on Sunday, due to cautious trading and investors" anticipation of earnings announcements. At the closing bell, the main index, TASI, edged down by 0.11 percent to 12,463 points. The parallel Nomu market slipped 0.46 percent to close at 25,111 points. In the financial sector, Saudi Arabia"s largest valued bank, Al Rajhi Bank, along with Alinma bank were today"s top gainers, each up by 6 percent. Saudi Advanced Industries Co. fell 6.35 percent, leading the fallers in today"s trading. Dr. Sulaiman Al Habib Group dropped 2.27 percent, despite posting a 30 percent increase in profit in 2021. AIG Investment Holding Co. lost 3.90 percent, after the resignation of its CEO, Arriyadh Development Co. edged down 2.65 percent, despite a 40 percent increase in net profit. Arabian Amiantit Co. slipped 1.57 percent, following the approval of its capital reduction to SR99 million. The shares of the largest player in the Saudi oil market, Aramco, edged 0.13 percent lower. In energy trading, Brent crude reached $93.54 per barrel, while US benchmark WTI traded at $91.07 per barrel.

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