https://arab.news/m7bs3
RIYADH: The Saudi stock exchange’s main index TASI saw fractional gains in early trading, supported by strong oil performance but hindered by rising COVID-19 cases.
As of 10:20 a.m. Saudi time, TASI reached 11,367 points, and the parallel Nomu market lost 2.08 percent to 25,243 points.
Shares of Al Rajhi Bank and Alinma bank went up to SR143 ($38.1) and SR25.2, respectively.
Kingdom Holding Co., or KHC, led the gainers, up 6 percent to SR10.6.
This came as the company concluded selling half of its stake in Four Seasons hotels where it collected SR8.29 billion.
Shares of Saudia Dairy and Foodstuff Co., known as SADAFCO, hit SR166 as its board proposed dividends at SR3 per share for the first half of the fiscal year.
The bourse saw minor losses in morning trading, with the biggest decliner, Tabuk Cement Co., down just 1.3 percent to SR17.
With near SR49 million worth of shares traded, Sadr Logistics witnessed trivial losses as its share price fell to SR83.