Investors continued to be concerned about Saudi Arabia’s annual inflation rate, which jumped to a 15-month high of 3.1 percent in September, as the country’s major index concluded the final session of the week in the red.
The parallel market Nomu rose 0.23 percent to close at 19,769, while the Tadawul All Share Index fell 1.12 percent to end at 11,421.
The session closed with Saudi oil behemoth Aramco down 0.84 percent, while Rabigh Refining and Petrochemical Co. was down 1.24 percent.
The largest lender in the Kingdom, the Saudi National Bank, saw a 2.24 percent decline, while the Saudi British Bank saw a 1.74 percent decline.
Al Rajhi, the most valuable bank in the Kingdom, fell 1.22 percent, and Alinma Bank fell 1.38 percent.
Following a 4% fall in profits to SR702 million ($187 million) for the first nine months of 2022, Jarir Marketing Co. fell 2.38 percent.
After approving the sale of land the firm owned in Riyadh for SR187 million, Abdullah Al-Othaim Markets Co. saw a 0.33 percent decline.
After completing the first round of its share buyback operation, Hail Cement Co. saw a 0.63 percent decline in its stock price.
Salama Cooperative Insurance Co. declined 10% to head the fallers, while Thob Al Aseel Co. up 4.24 percent to lead the gainers.