RIYADH: Saudi Arabia's main index, TASI, closed higher for the second straight session, boosted by a promising earnings season, as stocks continued to rise.
As of Tuesday, 3:30 p.m. Saudi time, TASI closed 1.20 percent higher at 12,351 points, and Nomu, the parallel market, gained 0.19 percent to 25,153 points.
Zain KSA gained 1.5 percent, after announcing that it would be suspended from trading on the Saudi Exchange today and resume on Wednesday, Feb. 16.
Yamama Cement Co. edged up 0.96 percent, despite reporting a 60 percent drop in profit for 2021.
Saudi petrochemical firm Sipchem dropped 2.17 percent. It announced scheduled maintenance of two affiliate plants for four weeks.
In the financial sector, Saudi Arabia’s largest valued bank, Al Rajhi Bank, gained 4 percent, while Alinma Bank rose 2.47 percent.
Saudi Industrial Export Co. was the largest faller, with a decline of 4.69 percent, while Sadr Logistics Co. was the top gainer with a gain of 9.95 percent.
Stocks of Aramco ended the day flat.
In the energy market, US WTI crude prices hit $92.11 per barrel, while Brent crude prices sold at $93.41 per barrel.
