October 25, 2021 | banking

Bank shares lead 0.77% TASI fall: Market wrap

RIYADH: Declining bank shares led a fall of the Tadawul All-Share Index, which was down 91 points on Sunday, or 0.77 percent, closing at 11,848,05 points.

221.4 million of shares changed hands in 323,000 deals.

Al Rajhi Bank fell 3 percent to SR137.80, amid trading of about four million shares, The bank’s net profit for Q3 2021 increased 43 percent year-on-year to SR3.794 billion.

Riyad Bank, Banque Saudi Fransi, Sulaiman Al Habib, Bank Albilad, Almarai, Maaden, Arab National Bank and Thob Al Aseel declined between 1 percent and 3 percent.

Dallah Health Services Company obtained a long term, Sharia-compliant 10-year bond financing from Al-Rajhi Bank, with a value of SR900 million to support the company's strategic plan for future acquisitions and expansions, according to a filing.

The parallel Nomu index decreased by 225.2 points, or 0.95 percent, to close at 23,505.27 points. The liquidity amounted to about SR18.4 million.

Yanbu Cement slumped 2 percent to SR38, The cement producer reported earlier a net profit of SAR 36.4 million in Q3 2021, a fall of 56 percent Year on year.


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