RIYADH: Saudi Arabia’s benchmark index ended flat in the week’s final session, as oil prices declined and investors scramble to assess the impact on the market caused by tensions between the US and China over House Speaker Nancy Pelosi’s visit to Taiwan.
In its closing bell on Thursday, the Tadawul All Share Index ended at 12,291 points, while the parallel market, Nomu, gained 0.36 percent to reach 21,837 points.
In energy trading, Brent crude dropped to $96.67 a barrel, while West Texas Intermediate fell to $91.03 as of 3:10 p.m. Saudi time.
Naseej International Trading Co. led the gainers with a 9.58 percent gain, followed by the Red Sea International Co. which gained 9.07 percent.
In the fallers list, Saudi Industrial Investment Group slipped 4.99 percent, after its profits for the first half declined by 36 percent to SR519 million ($138.4 million).
The Saudi National Bank dropped 0.56 percent, while the Kingdom’s largest valued bank, Al Rajhi, added 0.23 percent.
Riyad Bank gained 2.47 percent, after its first-half profit rose 10 percent to SR3.2 billion.
The National Industrialization Co. fell 0.84 percent, after reporting a profit decline of 11 percent in the first half of 2022 to SR606 million.
The Saudi Steel Pipe Co. gained 1.53 percent, after it recorded profits of SR26 million in the first half of the year, compared with losses of SR16.7 million in the same period of 2021.
The Kingdom’s oil giant Saudi Aramco ended the day with a 0.38 percent decline.
