Saudi Crown Prince says 4% of Aramco’s shares are moved to the PIF

RIYADH: Saudi Arabia’s most important inventory index opened decrease Sunday because the rebound in share costs paused on cautious investor sentiment.

As of 10:22 a.m. Saudi time, the principle index — TASI — opened 0.70 % decrease at 12,183. The parallel market Nomu was down by 0.9 % to succeed in 24,992.

Advertising agency Tihama Promoting and Public Relations Co. rose by 7.16 % to prime the gainers after asserting it acquired the Capital Market Authority’s approval to cut back its capital to SR50 million from SR175 million.

The share value of Saudi health chain operator Leejam Sports activities Co. jumped 1.70 % because it introduced it could distribute dividends of SR0.87 per share within the fourth quarter of 2021.

Within the monetary sector, Saudi Arabia’s largest valued financial institution, Al Rajhi Financial institution, misplaced 0.53 %. The Saudi Funding Financial institution, or SAIB, fell 0.59 % following the appointment of a brand new audit committee chairman.

Nationwide Fuel and Industrialization Co., or GASCO, fell by 0.57 % because it introduced that it has signed an settlement with Nationwide Housing Co. to supply fuel distribution companies.

Chemanol gained 1.36 % after it introduced it had reached a non-binding settlement with World Co. for Downstream Industries for the availability of methanol and the exploration of petrochemical alternatives.

Shares in oil large Aramco edged up by 0.40 %.

Within the vitality market, Brent crude settled at $93.10 per barrel, whereas US WTI crude traded at $94.44.

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