https://arab.news/ygmuk
RIYADH: Saudi Arabia's stock market rebounded on Tuesday following a steep decline in the previous session due to investor concern over the slowing economy.
The main index, TASI, added 0.34 percent at 12,093, while the parallel market, Nomu, lost 0.38 percent at 21,379 and, as of 10:08 a.m. Saudi Arabia.
SEDCO Capital REIT Fund led the gainer's list with 3.83 percent rise, followed by Amana Cooperative Insurance Co. with 2.70 percent gain.
Shares of Saudi Aramco, the largest player on the Saudi oil market, opened the day up 0.25 percent.
In the financial sector, the Kingdom’s largest valued bank Al Rajhi gained 0.77 percent, while the Saudi National Bank added 0.89 percent.
Arab Sea Information System Co. led the fallers list with a 4.33 percent drop, followed by Allianz Saudi Fransi Cooperative Insurance Co. with a 2.49 percent drop.
In the pharma sector, Aldawaa Medical Services Co. shed 0.27 percent and Nahdi Medical Co. rose 0.13 percent.
Bawan Co. added 0.32 percent, following the appointment of Mohammad Al-Balawi as CEO.
Almarai Co. increased 1.93 percent, following the approval of SR252 million ($67.2 million) in investment plans for its entry into the seafood category.
In energy trading, Brent crude reached $123.48 a barrel and US West Texas Intermediate traded at $122.04 a barrel as of 10:20 a.m. Saudi time.