TASI ends Wednesday’s session with increases

(MENAFN) Saudi Arabia’s benchmark index closed with increases for a second day after a strong decline previously in the week triggered by financial worries.

The Tadawul All-Share Index saw a surge of 1.39 percent to stand at 11,120 at the close of Wednesday, whereas the similar market Nomu saw jump of 1 percent to 19,916.

Saudi oil giant Aramco closed with a 1.31 percent earn, whereas Rabigh Refining and Petrochemical Co. soared by 3.27 percent.

The Saudi National Bank, the nation’s biggest lender, surged by 0.65 percent, whereas Saudi British Bank climbed 0.95 percent.

The nation’s biggest valued bank, Al Rajhi, was 0.25 percent higher, whereas Alinma Bank earned 0.29 percent.

The Saudi Public Transport Co. increased 4.22 percent, after adding an additional SR88 million (nearly USD23 million) public bus transport venture with Taif Municipality.

The decliner list was led by Al-Baha Investment and Development Co. with a 3.06 percent decrease, shadowed by Naqi Water Co. with a 2.64 percent fall.


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