RIYADH: Saudi Arabia's main index opened higher on Monday for the second consecutive day, as oil prices continued to surge.
As of 10:08 a.m. Saudi time, TASI rose 0.57 percent to 12,876, while the parallel market, Nomu, dropped 0.28 percent to 24,683.
Brent oil jumped almost 10 percent to as high as $129.63 a barrel in early Monday trading, and US benchmark WTI gained 8.7 percent to $125.78.
The biggest mover of the day, Baazeem Trading Co. gained over 4 percent to lead the gainers in early trading.
Al Rajhi Cooperative Insurance was the biggest faller, down 5.56 percent, as its profit declined 54 percent in 2021.
Saudi Oil giant Aramco rose 2.80 percent, while Methanol Chemicals Co. climbed 2.22 percent.
Obeikan Glass Co. gained 3.99 percent, after reporting a 903 percent profit surge in 2021.
Al Moammar Information Systems Co. rose 0.55 percent after securing a Shariah-compliant bank facility from Banque Saudi Fransi.
