TASI closes Tuesday’s session surging for 6th consecutive da...| MENAFN.COM

Tuesday, 06 December 2022 01:33 GMT

TASI closes Tuesday’s session surging for 6th consecutive day


(MENAFN) The Saudi benchmark index ended on an optimistic note for the sixth consecutive exchange session as stockholders’ recession worries faded.

The Tadawul All Share Index finished 1.49 percent more to stand at 11,780; the similar market Nomu ticked up 1.32 percent more to 20,339.

Saudi oil giant Aramco finished with a 0.70 percent decrease, whereas Rabigh Refining and Petrochemical Co. rose 4.9 percent.

The Saudi National Bank, the nation’s biggest lender, dropped 2.36 percent, whereas Saudi British Bank rose by 1.73 percent.

The nation’s highest valued bank Al Rajhi earned 1.81 percent, whereas Alinma Bank added 1.05 percent.

Arabian Internet and Telecommunication Co., identified as solutions by stc, jumped 7.67 percent to top the gainers, following its completion of all needed actions to obtain a USD158 million share in Egypt's Giza Systems Co.

Gulf General Cooperative Insurance Co. decreased 2.58 percent to top the decliners, then came Alamar Foods Co. which dropped 1.45 percent.

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