TASI in green after declining for four consecutive days: Closing bell

  • 10/12/2022
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RIYADH: Saudi Arabia’s main index ended in the green on Wednesday, halting four straight days of losses. The Tadawul All Share Index rose 0.32 percent to end at 11,551, while the parallel market Nomu gained 0.22 percent to finish at 19,724. Saudi oil giant Aramco ended the session flat, while Rabigh Refining and Petrochemical Co. edged down 0.96 percent. The Saudi National Bank, the Kingdom’s largest lender, rose 1.79 percent, while Saudi British Bank decreased by 0.62 percent. The Kingdom’s most valued bank Al Rajhi increased by 0.49 percent, while Alinma Bank declined by 0.55 percent. Arabian Contracting Services Co. edged up 0.18 percent, after it entered into an agreement to acquire all shares of Faden Media for SR1 billion ($279 million). ACWA Power declined 0.62 percent, following the beginning of the operation for phase B of Shuaa Energy III PSC project in Dubai. Dar Alarkan Real Estate Development Co. surged 6.75 percent to lead the gainers, while Saudi Paper Manufacturing Co. fell 4.90 percent to lead the fallers.

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