Fitch downgrades 11 Kuwaiti banks and keeps outlook stable

Fitch downgrades 11 Kuwaiti banks and keeps outlook stable
Fitch downgrades 11 Kuwaiti banks and keeps outlook stable

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Jeddah - Yasmine El Tohamy - RIYADH: Saudi Arabia’s main index, TASI, closed lower on Tuesday, following a decline in the oil market.

The main index, TASI, closed down 0.19 percent, at 12,226 points, while the parallel market, Nomu, climbed 0.33 percent to 25,366 points.

In energy trading, Brent crude reached $90.84 per barrel, and US benchmark WTI traded at $89.69 per barrel as of 3:29 p.m. Saudi time.

Saudi Automotive Services Co., SASCO ranked first among today's gainers, with an increase of 7.90 percent gain.

Saudi Enaya Cooperative Insurance Co. was the highest faller, with a 4.68 percent decline 

The largest player in the Saudi oil market, ended the session 0.54 percent higher.

Al-Othaim Markets Co. gained 2.80 percent, despite a 32 percent fall in net profit for 2021 to SR305 million ($81 million).

Leading Saudi fitness company, Leejam Sports Co. edged up 3.23 percent following the appointment of a new CEO

In the financial sector, Saudi Arabia's largest valued bank, Al Rajhi bank declined by 0.67 percent, while Bank Aljazira climbed 1.58 percent.

 

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