RIYADH: Saudi stocks opened with a gain for a third consecutive session on Tuesday as investors awaited the earnings results with a positive outlook.
The Saudi main stock index, TASI, rose 0.13 percent to reach 12,931, while the parallel market, Nomu, gained 0.33 percent to 22,614, as of 10:07 a.m. Saudi time.
Sadr Logistics Co. climbed 5.17 percent to lead the gainers, while Thob Al Aseel Co. fell 1.91 percent to lead the fallers.
In the financial sector, the Kingdom’s largest valued bank Al Rajhi edged up 0.20 percent, and the Saudi National Bank added 0.28 percent.
Saudi Aramco, the largest player on the Saudi oil market, opened Tuesday's trading down 1.88 percent.
Saudi Industrial Services Co. fell 1.89 percent, after reporting that its quarterly profits slipped 98 percent.
Al Masane Al Kobra Mining Co. edged up 1.15 percent, after reporting a 21 percent jump in quarterly profits.
City Cement Co. dropped 1.54 percent, after posting a 74 percent decline in profit for the first quarter of 2022.
Brent crude settled at $114.25 a barrel, and WTI crude fell 1.41 percent to settle at $113.90 a barrel, as of 10:03 a.m. Saudi time.
