Economy

The Saudi index closed down 0.5% as oil prices fell

August 21, 2022
2:22 pm
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The Saudi Stock Exchange index closed today, Sunday, with a decline of 0.53% to reach 12,554.50 points, coinciding with a decline in international oil prices. Shares of Saudi oil giant Aramco fell 0.8%, Rabigh Refining and Petrochemical Company “Petro Rabigh” 0.9%, Saudi British Bank (SABB) 1.1%, Banque Saudi Fransi and Alinma Bank 0.8%, and Mobily Communications 3.6%.

Oil prices closed largely unchanged on Friday, but incurred weekly losses on the rise of the dollar and fears that the economic slowdown will weaken demand for crude.

The Saudi index closed down 0.5% as oil prices fell

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The Saudi index closed down 0.5% as oil prices fell

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