https://arab.news/mj9w6
RIYADH: Saudi Arabia’s main index continued to rise during Tuesday’s trade in line with higher oil prices and decreasing recession worries, which improved investors’ risk appetite.
The Tadawul All Share Index ended the session 0.52 percent higher at 12,084, while the parallel market Nomu finished with a 0.47 percent rise at 20,997.
The Kingdom’s largest valued bank Al Rajhi jumped 2.03 percent, while Sahara International Petrochemical Co., mostly known as Sipchem, climbed 3.98 percent.
Alujain Corp. led the gainers with a 4.38 percent increase, followed by Bawan Co. which added 4.37 percent.
Banque Saudi Fransi gained 4.22 percent, while Saudi British Bank shares started and ended the day flat at SR40 ($11).
Saudi Arabian Mining Co., known as Ma'aden, decreased 3.76 percent, leading the fallers list, followed by Alamar Foods Co., which decreased 2.88 percent.
Saudi oil giant Aramco fell 0.13 percent, and the Saudi National Bank, which is the Kingdom's largest lender, shed 1.33 percent.
Rabigh Refining and Petrochemical Co. surged 3.34 percent, while Methanol Chemicals Co. jumped 2.26 percent.
Qassim Cement Co. declined 0.13 percent, as its board proposed a dividend payment of SR0.5 per share for the second quarter of 2022.
Seera Group Holding shares rose by 1.7 percent, after it signed a non-binding deal with the Saudi Investment Fund to acquire a SR3.75 billion stake in Seera’s travel unit Almosafer.
In energy trading, Brent crude futures reached $94.42 a barrel, while US West Texas Intermediate traded at $88.24 a barrel, as of 3:31 p.m. Saudi time.