RIYADH: Saudi stocks ended the week lower amid rising oil prices after Russian forces entered Ukraine.
At the closing bell, the main index, TASI, and the parallel market, Nomu, both lost 1.84 percent to 12,297 and 24,942 points, respectively.
As of Thursday, 3:22 p.m. Saudi time, Brent crude surpassed $105 for the first time since 2014. US benchmark WTI climbed to $99.30.
The top gainers included Al-Baha Investment and Development Co., which gained 6.06 percent, and Aramco, which gained 2 percent.
In the financial sector, Al Rajhi Bank and Alinma Bank both fell 3 percent.
Saudi National Bank also slid 3 percent, despite reporting a 5 percent profit increase in 2021.
National Gypsum Co. ended the session as the top faller, slipping 7 percent.
