RIYADH: Saudi Arabia's stock market rose for a second day on Monday on the back of continued growth in the non-oil private sector in May, boosting investor sentiment.
The main index, TASI, gained 0.72 percent to 12,747 and Nomu advanced 0.04 percent to 22,556 as of 10:10 a.m. Saudi time.
Anaam International Holding Group climbed 4.83 percent, leading the gainers; Saudi Cement Co. slipped 3.33 percent, leading the market fallers.
Other fallers included Yamama Cement Co., which lost 0.98 percent and Amana Cooperative Insurance Co., which declined 2.49 percent.
Among the gainers on the list, Saudi Industrial Export Co. added 1.33 percent, and Anaam International Holding Group edged up 4.97 percent.
In the pharma sector, Aldawaa Medical Services Co. gained 0.52 percent and Nahdi Medical Co. appreciated 0.62 percent
In the financial sector, the Kingdom’s largest valued bank Al Rajhi gained 1.25 percent, while Alinma Bank increased 1.47 percent.
Shares of telecom giants stc and Zain KSA gained 0.59 percent and 0.15 percent, respectively
Saudi Aramco, the largest player on the Saudi oil market, opened today’s trading up 0.49 percent.
In the energy sector, Brent crude rose 0.28 percent to reach $120.06 per barrel, while US WTI crude gained 0.31 percent to $119.24 per barrel as of 10:11 a.m. Saudi time.
