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RIYADH: Saudi Arabia’s main index has continued to rise during Tuesday’s trade on the back of recovering oil prices.
TASI opened the session 0.12 percent higher at 12,037, while the parallel market Nomu began flat at 20,903, as of 10:06 a.m. Saudi time.
Saudi Aramco, the Saudi National Bank, and Saudi British Bank shares started flat at SR37.25 ($10), SR68, and SR40, respectively.
The Kingdom’s largest valued bank Al Rajhi edged up 0.45 percent, while Alinma Bank advanced 0.26 percent.
Qassim Cement Co. appreciated 0.78 percent, as its board proposed a dividend payment of SR0.5 per share for the second quarter of 2022.
Rabigh Refining and Petrochemical Co. added 0.39 percent while Saudi Arabian Mining Co., known as Ma'aden, decreased 1.53 percent.
Seera Group Holding topped the gainers in early trading with a gain of 2.8 percent, followed by Wafrah for Industry and Development Co.’s gain of 1.4 percent.
Among the top fallers, City Cement Co.’s shares saw the biggest decline, dropping 2.47 percent.
In energy trading, Brent crude futures reached $94.17 a barrel, while US West Texas Intermediate traded at $87.96 a barrel, as of 10:09 a.m. Saudi time.