RIYADH: Saudi shares dropped on Tuesday, extending losses for one more session as traders assessed the impression of a possible financial slowdown.
TASI, as the principle index is thought, fell 0.27 % ending the day at 12,020, whereas the parallel market, Nomu, added 0.21 % to 21,505.
Bahrain and Kuwait misplaced 0.5 % every, and Oman’s index was nearly flat.
Elsewhere within the Center East, Egypt’s EGX30 shed 0.3 %.
Nevertheless, fellow inventory exchanges within the Gulf, together with Abu Dhabi, Dubai, and Qatar bucked the downward pattern to shut greater within the earlier session.
Within the power market, Brent crude traded at $121.54 a barrel and US West Texas Intermediate was at $119.27 at 9:22 a.m. Saudi time on Wednesday.
- Arabian Centres Co. and Riyad Capital Co. signed agreements to ascertain two actual property funding funds valued at SR6.2 billion ($1.7 billion) to develop a middle in Riyadh and one in Jeddah
- Almunajem Meals Co. secured SR200 million in Shariah-compliant financing from Al Rajhi Financial institution
- The Saudi Paper and Manufacturing Co. offered a land owned by certainly one of its subsidiaries in Riyadh for SR24.8 million
- Raoom Buying and selling Co.’s shareholders accredited a half-year dividend payout of SR1.25 per share
- Al Khaleej Coaching and Schooling Co. plans to purchase again 300,000 of its shares to be held as treasury shares as long-term incentive shares for senior executives
- OHR Co. accomplished the acquisition of Bloovo Co. Ltd, which is 40 % owned by Saudi Maharah Human Assets Co.
- Saudi Azm for Communication and Data Know-how Co. gained a contract price SR16.5 million to develop digital portals and sensible functions for the Ministry of Finance
- Shareholders of Saudi Automotive Providers Co. accredited the distribution of SR0.25 per share in dividends for 2021
June 16 — Amwaj Worldwide Co. will begin buying and selling its shares on the parallel Nomu market
June 21— Rabigh Refining and Petrochemical Co.’s rights buying and selling ends
June 26 — Rabigh Refining and Petrochemical Co.’s subscription to new shares ends