Economy

Solar costs jumped in 2021 amid supply chain constraints, report shows

Follow-ups -eshrag News:

RIYADH: Saudi stocks closed the week down as Russia’s war in Ukraine sent markets on a rollercoaster.

At the closing bell, the main index, TASI, dropped 0.43 percent to 12,684, while Nomu remained flat at 24,789.

Anaam International Holding Group gained 9.94 percent to lead the gainers, while the Saudi Chemical Co. fell 5.15 percent to lead the fallers.

Ataa Educational Co. shed 2.13 percent, despite reporting nearly a 500 percent jump in profits to SR68 million ($18 million) in the second half of 2021.

Saudi oil giant Aramco slipped 5.08 percent, as it fell below SR42 trading, wiping out all gains made earlier in March.

In the financial sector, Al Rajhi Bank edged up 0.39 percent percent, and Alinma Bank gained 1.17 percent.

Prices of oil decreased slightly today as Brent crude stood at $116.52 per barrel, while US WTI traded at $113.27 a barrel, as of 3:30 p.m. Saudi time.

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