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NCB slips 5.7% pressured by sell-offs

NCB slips 5.7% pressured by sell-offs
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The stock of National Commercial Bank (NCB) has ended Tuesday’s session with a decline by 5.7% at SAR 61.5.
Thus, the stock snapped a four-session winning run during which it soared by its maximum limits.
The selling pressures drove the stock lower to SAR 60.75, which represents 9% of the drop from intraday high, then purchasing powers pushed the index higher towards SAR 65.5, with a 8% rise from intraday low by mid-session. The strong orders placed on the stock helped its stay in the SAR 61-62 area.
(written by Majid Al Shabib; translated by Sayed Abdel Rahman)