{"id":6990,"date":"2022-05-15T16:47:01","date_gmt":"2022-05-15T16:47:01","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/?p=6990"},"modified":"2022-05-15T15:25:59","modified_gmt":"2022-05-15T15:25:59","slug":"saudi-stocks-higher-despite-fluctuating-oil-prices-closing-bell","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-stocks-higher-despite-fluctuating-oil-prices-closing-bell","title":{"rendered":"Saudi stocks higher despite fluctuating oil prices: Closing bell"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Saudi stocks improved at the closing of the first trading session of the week as global markets sought a recovery, despite fluctuating oil prices.<\/b><\/p>\n

Oil prices rose on Friday as US gasoline prices jumped to a record high, with Brent crude rising 3.8 percent to settle at $111.55 a barrel and WTI crude rising 4.1 percent to settle at $110.49.<\/p>\n

The Saudi main stock index, TASI, rose 2.45 percent to reach 13,149, while the parallel market, Nomu, rose 0.88 percent to 22,845.<\/p>\n

Saudi Industrial Export Co. surged 9.90 percent to lead the gainers, while Al Kathiri Holding Co. edged down 4.03 percent to lead the fallers.<\/p>\n

Shares of Saudi oil giant Aramco gained 4.18 percent, after it reported an 82-percent increase in profit to SR148 billion ($40 million) for the first quarter.<\/p>\n

Arabian Pipes Co. edged up 0.33 percent despite shareholders rejecting the proposal to increase the company’s capital by 300 percent.<\/p>\n

Following losses last week, the financial sector rebounded this week with Al Rajhi Bank up 3.59 percent and Alinma Bank up 1.91 percent.<\/p>\n

Al-Jouf Agricultural Development Co. climbed 2.61 percent, after posting a 297-percent profit surge to SR15 million in the first quarter of 2022.<\/p>\n

Saudi Chemical Co. dropped 1.01 percent after its first-quarter profit fell by 20 percent to SR32.7 million.<\/p>\n

Saudi Tadawul Group Holding Co. increased 3.04 percent, after posting lower profits of SR141 million in the first quarter of 2022.<\/p>\n

The Walaa Cooperative Insurance Co. dropped 2.47 percent, after announcing it widened losses by 35 percent to SR32 million during the first quarter.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Saudi stocks improved at the closing of the first trading session of the week as global markets sought a recovery, despite fluctuating oil prices. Oil prices rose on Friday as US gasoline prices jumped to a record high, with Brent crude rising 3.8 percent to settle at $111.55 a barrel and WTI […]<\/p>\n","protected":false},"author":84,"featured_media":6989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,237,234],"class_list":["post-6990","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nSaudi stocks higher despite fluctuating oil prices: Closing bell - Botswana<\/title>\n<meta name=\"description\" content=\"Saudi stocks improved at the closing of the first trading session of the week as global markets sought a recovery, de ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-stocks-higher-despite-fluctuating-oil-prices-closing-bell\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi stocks higher despite fluctuating oil prices: Closing bell\" \/>\n<meta property=\"og:description\" content=\"Saudi stocks improved at the closing of the first trading session of the week as global markets sought a recovery, de ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-stocks-higher-despite-fluctuating-oil-prices-closing-bell\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-05-15T16:47:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/05\/img-62811b6ea9a5d.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"670\" \/>\n\t<meta property=\"og:image:height\" content=\"447\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-stocks-higher-despite-fluctuating-oil-prices-closing-bell#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-stocks-higher-despite-fluctuating-oil-prices-closing-bell\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Saudi stocks higher despite fluctuating oil prices: Closing bell\",\"datePublished\":\"2022-05-15T16:47:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-stocks-higher-despite-fluctuating-oil-prices-closing-bell\"},\"wordCount\":256,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-stocks-higher-despite-fluctuating-oil-prices-closing-bell#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/05\/img-62811b6ea9a5d.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-stocks-higher-despite-fluctuating-oil-prices-closing-bell#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-stocks-higher-despite-fluctuating-oil-prices-closing-bell\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/saudi-stocks-higher-despite-fluctuating-oil-prices-closing-bell\",\"name\":\"Saudi stocks higher despite fluctuating oil prices: Closing bell - 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