Saudi National Bank, SABIC and Saudi Aramco see falls on the Tadawul: Market Wrap

Saudi National Bank, SABIC and Saudi Aramco see falls on the Tadawul: Market Wrap
Saudi National Bank, SABIC and Saudi Aramco see falls on the Tadawul: Market Wrap

Thank you for reading the news about Saudi National Bank, SABIC and Saudi see falls on the Tadawul: Market Wrap and now with the details

Jeddah - Yasmine El Tohamy - RIYADH: The Saudi stock market ended the session on Wednesday down 0.6 percent, or 70 points, to close at 11,299 points.

Some 140 million shares changed hands in 277,000 deals, with heavy trading in Al Rajhi bank, Alinma Bank, SABIC. 

The market's fall today was influenced by a 1.4 percent decline in Saudi National Bank, while SABIC and Saudi Aramco decreased by 1 percent.

SABIC Agri-Nutrients closed at SR168.40 ($44), down 4 percent. 

Developmental Works Food was the top decliner, falling 7.7 percent to SR181.40, amid heavy trading of nearly 1.3 million shares.

The stock has declined approximately 25 percent since its transition from Nomu to the main market.

On the other hand, Sipchem, Alinma Bank, Bank Albilad, Saudi Electricity and SRMG rose between 1 and 3 percent. 

Red Sea International Co. shares also rose 5.3 percent, while the shares of Tihama Advertising and Saudi Industrial Export rose by 4 percent. 

For the second consecutive day, Amana Insurance and Saudi Enaya were top gainers, closing at SR33.95 and SR30.35, respectively.

The parallel Nomu index was down 163 points, or 0.7 percent, closing at 23,164.54 points, after 348,000 trades.

Other News:

Falcom Financial Services Company announced the appointment of Albilad Investment Company as an independent custodian of Falcom Petrochemicals ETF

Etihad Telecom Company ‘Mobily’ announced the distribution of cash dividends to its shareholders for the fiscal year 2021, amounting to SR770 million, equivalent to SR0.85 per share, which is higher than the previous year’s dividend of SR0.5 per share.


These were the details of the news Saudi National Bank, SABIC and Saudi Aramco see falls on the Tadawul: Market Wrap for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV “OPEC Plus” adheres to the production policy amid a fragile recovery
NEXT Saudi Arabia studies using desalinated sea water for agriculture 

Author Information

I am Joshua Kelly and I focus on breaking news stories and ensuring we (“Al-KhaleejToday.NET”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Al-KhaleejToday.NET specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 838 Emily Drive Hampton, SC 29924, USA Phone: (+1) 803-887-5567 Email: [email protected]