https://arab.news/yw886
RIYADH: The Saudi Stock Market opened flat on Thursday, as investors watched the Kingdom increase its crude prices as tight supplies and strong demand are expected in the coming months.
The main index, TASI, and the parallel market, Nomu, started flat at 12,592 and 22,196 respectively, as of 10:10 a.m. Saudi Arabia.
In the energy sector, Brent crude reached $123.12 per barrel and US WTI crude reached $121.59 per barrel as of 10:18 a.m. Saudi time.
Among the top gainers, Rabigh Refining and Petrochemical Co. gained 7.40 percent after its shareholders approved its 91 percent capital increase to SR16.7 billion
Saudi Industrial Export Co., the market's biggest faller, fell 3.19 percent.
Other fallers included Ash-Sharqiyah Development Co. which lost 1.13 percent and Saudi Pharmaceutical Industries and Medical Appliances Corp. which declined 1.47 percent.
Among the gainers on the list, Alkhorayef Water and Power Technologies Co. added 2.38 percent, and Saudi Real Estate Co. edged up 3.99 percent.
In the pharma sector, Aldawaa Medical Services Co. gained 0.13 percent and Nahdi Medical Co. shed 0.64 percent.
In the financial sector, the Kingdom’s largest valued bank Al Rajhi shed 0.64 percent, while Alinma Bank edged down 0.28 percent.
Saudi Aramco, the largest player on the Saudi oil market, opened today’s trading up 0.37 percent.