Saudi stocks flat as uncertainty over Ukraine war & rising oil prices weigh: Opening bell

  • 3/28/2022
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RIYADH: The Saudi stock market started Monday flat as uncertainty about the war in Ukraine and rising oil prices persisted. The main index, TASI, and the parallel market, Nomu, opened flat at 12,990 and 24,186 points, respectively, as of 10:08 a.m. Saudi time In energy markets, Brent crude oil reached $116.11 per barrel, while WTI crude oil neared $109, as of 10:18 a.m. Saudi time The shares of Saudi oil giant Aramco opened the day down 0.24 percent. Leading the gainers was Al Moammar Information Systems Co., up 3.59 percent, and heading the fallers was Seera Group Holding, down 1.85 percent. Saudi Arabia Refineries Co. edged down 0.64 percent, after recording a 50 percent decline in profit to SR6.6 million ($1.7 million) in 2021. Almunajem Foods Co. climbed 2.01 percent, after the company announced a dividend of SR2 per share for 2021. Saudi Public Transport Co. fell 1.41 percent, after reporting it reduced its losses by 41 percent to SR220 million in 2021

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