RIYADH: Saudi Arabia’s main index, TASI, ended higher for a second consecutive day on Monday, up 0.37 percent to 12,249 points, as the earnings wave continued.
The parallel market Nomu edged 0.14 percent lower to 25,281 points, led by glass manufacturer Obeikan on its debut, up 30 percent.
On TASI, Amana Insurance remained resilient as it topped the gainers with a 4.38 percent surge.
The Kingdom’s largest valued bank, Al Rajhi Bank, inched up by 0.4 percent, while Alinma Bank declined 1.85 percent amid trading of over 13.5 million shares.
Petrochemical giant SABIC saw a 0.33 percent decline in its share price.
Shares in Saudi shipping giant Bahri were up 1.96 percent, after announcing the board’s recommendation to boost capital by 25 percent.
However, National Shipping Co., as it’s formally known, earlier reported an 88 percent fall in 2021 profit, as lower global shipping rates weighed on revenues.
Al-Yamamah Steel Industries Co. dropped 3.77 percent after posting a 20 percent drop in net profit for the first quarter of their fiscal year starting Sept. 1, 2021, compared to a year earlier.
In energy trading, Brent crude reached $92.98 per barrel, and US benchmark WTI traded at $91.58 per barrel as of 3:50 p.m. Saudi time.
