Saudi stock exchange recovers after Monday losses to reach r...| MENAFN.COM

Friday, 21 January 2022 04:47 GMT

Saudi stock exchange recovers after Monday losses to reach record high


(MENAFN) Saudi Arabia’s stock exchange market regained its Monday losses as the newly-detected coronavirus variant, omicron worries lessen.

The major stock index TASI increased to 0.79 percent to reach 11,108.2 points, whereas its equal market Nomu jumped 1.13 percent.

The TASI index was pushed higher by Wafrah for Industry and Development Co., Saudi Advanced Industry Co., as well as Batic Investment and Logistics Co., which each soared by around 10 percent. Moreover, Sadr Logistics Co.'s stake worth also rose nearly 10 percent to hit a fresh high record of SR104.2 (USD27.78).

Stocks in Saudi’s largest companies Saudi Aramco, Al Rajhi Bank, as well as Saudi Basic Industries Corporation surged 0.14 percent, 1.46 percent, and 1.09 percent in that order.

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