November 15, 2021

Banking shares push TASI up 14 points: Market wrap

categories : banking

RIYADH: The Saudi stock market ended the session on Sunday, up 0.1 percent or 14 points, to close at 11,913 points.

Shares in Alinma Bank, Sipchem, Maaden, Riyad Bank and STC ended their trading with an increase ranging between 1 and 3 percent.

Some 211.5 million shares changed hands in 211,000 deals, with heavy trading in Al Rajhi bank, SABIC, Saudi Advanced Industries.

Shares in SABIC rose less than 1 percent to close at SR129 ($34.40).

The parallel Nomu index was down 87.01 points, or 0.35 percent, it closed at 24,672.18 points, after 343,000 trades.

Also the Shares of Arabian Pipes rose by 8 percent to SR17.32 amid trading of about 2.3 million shares.

The company has signed a deal to supply pipes for Saudi Aramco at a value of SR66 million.

Arabian Centers, which closed at SR22.36 amid trading of about 560,000 shares. The company saw its profits fall in the quarter ending in September to SR91.9 million, by 16 percent compared to the same period in 2020. It also announced the cancellation of the title deed of ownership of a plot of land on King Khalid Road in Riyadh, which was purchased for SR1.77 billion.

Bonyan REIT Fund rose by 1 percent to close at SR10.18, as it announced that non-Saudis will be allowed to invest in its trusts.

Tadawul decided to suspend trading on poultry processor Anaam’s shares for one session, after an adverse conclusion in its auditor's report, and it will return to trading on Nov. 15.

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