RIYADH: Saudi stocks started the day flat following mixed earnings for the first half, which kept markets swinging on uncertainty.
TASI and Nomu started Wednesday’s trading session at 12,420 and 21,552, respectively, as of 10:07 a.m. Saudi time.
Oil giant Saudi Aramco started the session with a 0.52 percent gain, while the Saudi National Bank, the country’s biggest lender, added 0.14 percent.
Al Rajhi, the Kingdom’s largest valued bank, traded 0.11 percent lower, while Alinma Bank dropped 0.39 percent.
Seera Group Holding slid 1.88 percent, after its losses narrowed by 43 percent to SR131 million ($35 million) during the first half of 2022.
BinDawood Holding Co. lost 4.77 percent, following a decline in profits of 31 percent to SR108 million in the first half.
Dar Alarkan Real Estate Development Co. decreased 1.12 percent, despite a 515 percent surge in first-half profits of SR313.6 million.
Savola Group dropped 0.74 percent, even with its first-half profit increasing 37 percent to SR485 million.
National Gypsum Co. fell 2.60 percent, with profits declining 72 percent to SR5 million during the first half of 2022.
Saudi Marketing Co. added 0.50 percent, after it posted a higher first-half profit of SR12 million.
