Saudi Gazette Report
Riyadh — Saudi Arabia’s Tadawul AllShare Index (TASI) closed on Thursday at 12,837 points, down 4.1% to 542 points.
The total amount of shares traded reached nearly 10.2 billion SR.
Therefore, the Saudi benchmark has deepened its losses to over 980 points in the last four trading sessions.
Inflation data, in particular, has hit the US global market, raising concerns about continued monetary tightening policies by the FRB and other central banks around the world.
Most stocks closed in the negative territory. Al Rajhi Bank fell more than 6% to SR100.20. Saudi Aramco fell 2% to SR44.70.
SABIC announced better results on Thursday, but fell 2% on SR121.
Saudi National Bank, Riyadh Bank, Alimma Bank, Bank Saudi Franci, Arab National Bank, SABB, Mobilly, Petro Rabigh, Saudi Tadaul Group, Murden and Almarai fell 4% to 10%.
On the plus side, there are several stocks heading north, driven by Saudi industrial exports, raising the daily limit.
Saudi Arabia’s Parallel Equity Market Index (NOMU) lost 27.38 points and closed at 22,646.74 points, worth 31 million SR and traded more than 429,000 shares in 2,171 transactions.
https://saudigazette.com.sa/article/620416/BUSINESS/Saudi-stock-index-loses-542-points-dips-41-on-Thursday?ref=rss&format=simple&link=link Tadawul lost 542 points, down 4.1% on Thursday