© Reuters. A Saudi trader monitors information on shares of the Arab National Bank of Riyadh in a photo from the Reuters archive.
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(Reuters) – The stock market continued its decline on Monday, hit by the wave of declining global markets, due to expectations of a significant increase in interest rates by the Federal Reserve (the US central bank) in the coming days. .
It closed at 11446.33 points, down 125.85 points or 1.09%.
The exchange value was 4.8 billion riyals and the volume of shares traded was 125 million shares.
Saudi oil giant Aramco (TADAWUL 🙂 fell 0.7%, Rabigh Refining and Petrochemical (Petro Rabigh (TADAWUL :)) fell 4.1%, and Saudi Basic Industries (SABIC (TADAWUL :)) fell 4.1%. 1.4%.
In the banking sector, shares of Al-Rajhi Bank (TADAWUL 🙂 fell by 1.3%, Riyad Bank by 0.9%, Saudi British Bank (SABB (TADAWUL :)) by 3.2%, Saudi Fransi by 5.7% and National Bank of Saudi Arabia by 2.5%.
(Press release for the Arab Bulletin, Ahmed Hajjaj – Edited by Doaa Mohamed)
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