Categories: Business

TASI in red on mix earnings: Closing bell


Wed, 2022-10-26 16:09

RIYADH: Saudi Arabia’s main index declined for the second consecutive day as a result of mixed earnings announcements.

The Tadawul All Share Index fell 1.46 percent to end at 11,798, while the parallel market Nomu dropped 1.12 percent to finish at 19,714

Saudi oil giant Aramco ended the session 1.82 percent lower, while Rabigh Refining and Petrochemical Co. decreased 2.27 percent.

Saudi National Bank, the Kingdom’s largest lender, shed 2.60 percent, after it recently announced a 42 percent surge in profit to SR14 billion ($3.8 billion).

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