Saudi Stocks Hit New Records

Saudi Stocks Hit New Records
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Saudi Stocks Hit New Records

Saudi Stocks Hit New Records

Saudi Arabia’s main equities index closed on Tuesday at its highest since 2015.

Tadawul All Share Index (TASI) gained 14.53 points to close at 9,660.27 points, and the value of trading amounted to SAR16.4 billion ($4.3 billion).

Meanwhile, the toll of shares traded was more than 725 million, divided into over 600,000 deals, during which the stocks of 56 companies ended the trading higher, while the shares of 134 companies slumped.

The parallel Saudi stock index “Nomu” also closed Tuesday up 90.45 points reaching 23711.14 points, with trades amounting to SAR29 million, and the number of traded shares reaching 290,000 shares, divided into 1,174 deals.



Biden Pledges Record $4 bln US Contribution to World Bank Fund for Poorest Countries

The World Bank logo. (File/Asharq Al-Awsat Ar)
The World Bank logo. (File/Asharq Al-Awsat Ar)
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Biden Pledges Record $4 bln US Contribution to World Bank Fund for Poorest Countries

The World Bank logo. (File/Asharq Al-Awsat Ar)
The World Bank logo. (File/Asharq Al-Awsat Ar)

US President Joe Biden has pledged a $4 billion US contribution to the World Bank's International Development Association (IDA) fund for the world's poorest countries, two sources with knowledge of the commitment said on Monday, Reuters reported.

Biden announced the US pledge during a closed session during the Group of 20 summit in Rio de Janeiro, according to the sources, who spoke on condition of anonymity.

The amount is a record and substantially exceeds the $3.5 billion that Washington committed in the previous IDA replenishment round in December 2021.