Aramco closes $15.5bn gas pipeline deal with BlackRock, Hassana, other global investors

Follow-ups -eshrag News:

RIYADH: Share prices fell in the final minutes of Wednesday’s trading, when cautious investor sentiment took its toll on the market.

As of the closing bell, the main index, TASI, was down 0.27 percent at 12,528 points. While the parallel market, Nomu, rose 1.58 percent to 25,409 points.

In the financial sector, the Kingdom’s largest valued bank, Al Rajhi Bank, lost 3.28 percent to lead the fallers, while Alinma Bank was down 0.86 percent.

Al-Baha Investment and Development Co. continued to lead the gains, surging 10 percent after adding 68 percent to its capital.

The Saudi food company, Halwani Bros, edged up 0.22, despite a 16 percent drop in profit to SR84 million ($22 million) in 2021.

Tatween Advanced Industries Co. rose 0.22 percent, after turning around, from a previous loss of SR6 million into a profit of SR19 million ($5 million) in 2021.

In the Saudi oil market, the largest player, Aramco, rose 3.31 percent, to a new record high of SR40.

In energy trading, Crude oil hit $96.31 per barrel. US benchmark WTI reached $91.29 per barrel at 2:55 p.m. Saudi time.

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