RIYADH: Saudi stocks opened in a positive mood on Wednesday with oil prices rising to the highest level in history.
As of 10:08 a.m. Saudi time, the main index, TASI, gained 0.24 percent to reach 12,882, while the parallel market fell 0.22 percent to 24,487.
Oil prices keep rising rapidly, as Brent crude oil peaked at $130.85 per barrel, while US WTI crude reached $125.96 per barrel.
Wataniya Insurance Co. gained 4.40 percent at the opening bell to be the top gainer at the opening bell.
Rabigh Refining and Petrochemical Co. dropped 2.08 percent, despite turning into profit of SR2 billion ($533 million) in 2021.
Saudi Co. for Hardware decreased 2.87 percent, as it turned into losses of SR28 million during 2021.
In the financial sector, the Kingdom’s largest valued bank Al Rajhi Bank saw its share price drop 0.13 percent.
