RIYADH: Falling petrochemical shares saw the Tadawul All-Share Index finish down by 39 points on Wednesday, or 0.33 percent, closing at 11,807 points.
The market’s decline was led by SABIC, which fell by 1.2 percent. 170 company shares in total were down, led by Petro Rabigh, after it fell to the minimum. This coincided with the company’s announcement of profits of SR221 million.
174.4 million of shares changed hands in 298.000 deals, with heavy trading in Saudi Aramco, AlRajhi Bank, National Industrialization Co. 27 company shares rose during today’s session, led by Banque Saudi Fransi, and Herfy’s share, which rose by 2.8 percent.
Atheeb Telecom recorded its lowest close since last February, after the stock fell today by 9.1 percent. Also, Riyad Bank’s profits increased to SR4408 million or 15 percent by the end of September. Saudi Aramco recorded a gain of 0.8 percent, which is the highest closing since December 2019.
Arab Sea recorded the highest closing since its debut at SR171 amid trading of about 540,000 shares. Among the other risers, Banque Saudi Fransi’s shares were up by 4 percent after it announced profits in the third quarter grew 172 percent to reach SR907 million.
The parallel market index Nomu ended the day down 39.01 points, or 0.16 percent. It closed at 23,912.22 points, after 1,114 trades.