PIF-owned ACWA Power leads Saudi stock market with 106% YTD gain

RIYADH: Saudi Arabia’s main stock index TASI has gained 9 percent in 2022 to reach 12,310 points as of Aug. 2, led by a 106 percent surge in the shares of Public Investment Fund-owned utility provider ACWA Power. Despite ongoing geopolitical hurdles weighing on markets globally, some stocks on the index have seen double-digit jumps in their share price, according to Argaam

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