RIYADH: Saudi Arabia’s Tadawul All Share Index ended 0.23 percent lower at 12,310 on Tuesday.
Despite its first-half profit rising 11 percent to SR633 million ($169 million), Bank Aljazira led the fallers since the opening ball.
Nomu, the Kingdom’s parallel market, gained 0.21 percent to reach 21,547 at the end of Tuesday.
Saudi Aramco shed 0.50 percent following the signing of a $2.65 billion agreement to acquire Valvoline’s unit that makes lubricants and coolants.
The Saudi British Bank, which was voted the best bank in 2022, lost 0.24 percent, while the Kingdom’s largest valued bank, Al Rajhi, slipped 1.34 percent.
Arriyadh Development Co. plunged 3.23 percent, after it recorded SR196 million in profit in the first half of 2022, a 22.9 percent decline from the same period last year.
Saudi mining firm Ma’aden gained 5.45 percent, after the announcement that it has begun commercial production for its Ammonia 3 plant.
Among the information technology giants, Al Moammar Information Systems Co. fell 0.84 percent, while Elm Co. edged down 1.02 percent.
Najran Cement sank 4.43 percent, following a 61 percent decline in its half-year profit to SR37 million.
In energy trading, Brent crude increased to $100.33 a barrel, while West Texas Intermediate settled at $94.29, as of 3:26 p.m. Saudi time.
