RIYADH: The Saudi stock market mimicked global counterparts with stocks ending almost flat on Monday, as investors worry about inflation-related economic slowdowns.
The Tadawul All Share Index ended at 12,530, while the parallel Nomu fell 1.16 percent at 21,510.
Oil giant Saudi Aramco ended the session with a 0.65 percent decline, while Methanol Chemicals Co. declined 0.13 percent.
In the financial sector, Al Rajhi, the Kingdom’s largest valued bank, advanced 0.44 percent, while the Saudi National Bank, the country’s biggest lender, ended the day flat at SR70.5.
The share price of Alinma Bank added 1.45 percent, while the Saudi British Bank was down 1.33 percent.
In the pharmaceutical sector, Nahdi Medical Co. increased 0.42 percent, while Aldawaa Medical Services Co. gained 1.32 percent.
Saudi Pharmaceutical Industries and Medical Appliances Corp. rose 0.7 percent, after securing SR1.26 billion ($335 million) worth of Shariah-compliant financing to grow the business.
Among the Kingdom’s information technology firms, Elm Co. gained 1.46 percent, while Al Moammar Information Systems Co. improved 0.58 percent.
Saudi healthcare provider Tibbiyah plunged 10.23 percent, after it suffered losses of SR21 million during the first half of the year from profits of SR5.1 million in the prior-year period.
