RIYADH: Saudi Arabia’s stock market ended lower on Monday, continuing its loss for the third straight session as earnings season begins and investors await results.
The Tadawul All Share Index fell 0.31 percent to end at 11,530, while the parallel market Nomu edged 0.74 percent lower to finish at 19,794.
Saudi oil giant Aramco ended with 0.69 percent decline, while Rabigh Refining and Petrochemical Co. edged down 0.81 percent.
The Saudi National Bank, the Kingdom’s largest lender, plunged 2.48 percent, while Saudi British Bank ended the session flat.
The Kingdom’s most valued bank Al Rajhi gained 0.12 percent, while Alinma Bank slipped 0.95 percent.
United Electronics Co., known as eXtra, shed 3.09 percent, despite posting an 18 percent surge in net profit over the first nine months of 2022.
Nayifat Finance Co. declined 0.50 percent, following the re-election of Saleh Al-Omair as Chairman and AbdulMohsin Al-Saleh as Vice Chairman of the board.
National Co. for learning & Education gained 1.52 percent, after it signed a SR188 million ($50 million) Shariah-compliant bank facility agreement with Saudi British Bank.
