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RIYADH: Saudi Arabia’s stock market closed the previous session lower, as investors stepped back to lock their gains after a multi-day rally. TASI, the main index, edged down by 0.82 percent to 12,192 points, dragged down by some of the Kingdom’s major players. Similarly, the parallel Nomu market dropped by 1.46 percent, reaching 25,186 points. Apart from the Saudi exchange,
RIYADH: Saudi Arabia’s stock market opened flat amid the earnings season, as investors stepped back to lock their gains after a multi-day rally. As of 10:20 a.m. Saudi time, the main and parallel indexes, TASI and Nomu, traded at 12,208 and 25,216 points, respectively. Shares in Saudi chemical giant SABIC were flat after it reported a massive increase in 2021 net profit of