BR100 Increased By (0.5%)
BR30 Increased By (0.66%)
KSE100 Increased By (0.32%)
KSE30 Increased By (0.32%)
BECO 6.10 Increased By ▲ 0.33 (5.72%)
BML 52.55 Decreased By ▼ -0.45 (-0.85%)
BOP 34.30 Increased By ▲ 0.31 (0.91%)
CNERGY 8.15 Increased By ▲ 0.04 (0.49%)
DCL 12.11 Decreased By ▼ -0.09 (-0.74%)
FCCL 53.39 Increased By ▲ 0.56 (1.06%)
FCSC 5.15 Increased By ▲ 0.08 (1.58%)
FFL 18.08 Increased By ▲ 0.13 (0.72%)
FNEL 1.31 Increased By ▲ 0.02 (1.55%)
HUMNL 10.88 No Change ▼ 0.00 (0%)
KEL 8.10 Increased By ▲ 0.08 (1%)
KOSM 5.36 Decreased By ▼ -0.16 (-2.9%)
MLCF 86.99 Increased By ▲ 0.48 (0.55%)
NBP 186.84 Increased By ▲ 1.68 (0.91%)
PACE 10.62 Increased By ▲ 0.04 (0.38%)
PAEL 39.71 Increased By ▲ 0.29 (0.74%)
PIAHCLA 26.14 Decreased By ▼ -0.08 (-0.31%)
PIBTL 16.90 Increased By ▲ 0.23 (1.38%)
PPL 229.14 Increased By ▲ 0.96 (0.42%)
PRL 34.78 Increased By ▲ 0.10 (0.29%)
PTC 66.66 Increased By ▲ 1.33 (2.04%)
SEARL 90.68 Increased By ▲ 0.55 (0.61%)
SSGC 27.05 Increased By ▲ 0.45 (1.69%)
TELE 8.60 Increased By ▲ 0.32 (3.86%)
THCCL 58.01 Decreased By ▼ -0.49 (-0.84%)
TPLP 8.61 Increased By ▲ 0.39 (4.74%)
TREET 24.51 Decreased By ▼ -0.02 (-0.08%)
TRG 69.62 Decreased By ▼ -0.09 (-0.13%)
WAVES 9.89 Decreased By ▼ -0.05 (-0.5%)
WTL 1.29 Increased By ▲ 0.01 (0.78%)
By

DUBAI: The Saudi Central Bank said on Wednesday it increased its key interest rates by 75 basis points, moving in tandem with the U.S. Federal Reserve's hike as the Saudi riyal is pegged to the dollar.

Fed opts for 75-basis-point rate hike, flags weakening economic data

The Saudi Central Bank, also known as SAMA, lifted its repo and reverse repo rates by 75 bps to 3% and 2.5%, respectively.

Comments

Comments are closed for this article.