https://arab.news/ywg2x
RIYADH: Saudi Arabia’s main index ended the last session of the week in red, with investors remaining concerned about the country’s annual inflation rate which increased to a 15-month high of 3.1 percent in September.
The Tadawul All Share Index dipped 1.12 percent to end at 11,421, while the parallel market Nomu gained 0.23 percent to finish at 19,769.
Saudi oil giant Aramco ended the session 0.84 percent lower, while Rabigh Refining and Petrochemical Co. edged down 1.24 percent.
The Saudi National Bank, the Kingdom’s largest lender, declined 2.24 percent, while Saudi British Bank decreased by 1.74 percent.
The Kingdom’s most valued bank Al Rajhi slipped 1.22 percent, while Alinma Bank declined by 1.38 percent.
Jarir Marketing Co. plunged 2.38 percent, after its profits declined by 4 percent to SR702 million ($187 million) during the first nine months of 2022.
Abdullah Al-Othaim Markets Co. fell 0.33 percent, after it approved the sale of land owned by the company in Riyadh for SR187 million.
Hail Cement Co. dropped 0.63 percent, after it completed the first phase of its share buyback process.
Thob Al Aseel Co. gained 4.24 percent to lead the gainers, while Salama Cooperative Insurance Co. fell 10 percent to lead the fallers.