Categories: Business

TASI finishes higher after a spike in oil prices and strong earnings: Closing bell


Mon, 2022-10-24 16:51

RIYADH: Saudi Arabia’s main index finished higher again on the back of stronger earnings results and a spike in oil prices.

The Tadawul All Share Index rose 0.57 percent to end at 12,075, while the parallel market Nomu shed 1.12 percent to finish at 19,780.

Saudi oil giant Aramco ended the session flat, while Rabigh Refining and Petrochemical Co. decreased 2.05 percent.

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

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