(MENAFN) Saudi Arabia’s main index declined 98 points on Sunday as stockholders avoided the market because of doubts in the worldwide economy, driven by current geopolitical pressures and climbing inflation.
The Tadawul All Share Index, recognized as TASI, was decreased 0.91 percent to 10,723, whereas the similar market Nomu dropped 14 points or 0.99 percent to 1,485.
Of the 219 firms registered on TASI on Sunday, 31 soared, whereas 176 fell.
As shown by the figures from Tadawul, the overall exchange income ended at SR2.9 billion (USD770 million) on Sunday.
The most vital declaration that came throughout the first hours of exchanging on Sunday was from Saudi Aramco Base Oil Co., also recognized as Luberef, which decided to collect up to SR4.95 billion (USD1.3 billion) from its first public offering.
As said by an announcement, Luberef is going to trade almost 30 percent of the companies released share capital, or 50.045 million stocks, at between 91 and 99 riyals a share.
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