RIYADH: Saudi stocks, much like their global counterparts, continued a tumultuous ride in the wake of the Russia-Ukraine conflict and fell for a second straight day, while oil prices also fell sharply.
As of 10:17 a.m. Saudi time, the main index, TASI, tumbled 0.60 percent to reach 12,417.69, while the parallel market, Nomu, stayed flat at 24,362.
In the energy sector, Brent crude is trading at a price of $100.92 per barrel and US WTI is trading at a price of $97.58 per barrel.
Al-Baha Investment and Development Co. led the gainers, rising 7.69 percent, while Saudi oil giant Aramco led the fallers, declining 1.78 percent.
Sadr Logistics Co. gained 1.95 percent, after it revealed profits rose by 39 percent to SR3.6 million ($959,524) in 2021.
Saudi Arabia’s largest valued bank, Al Rajhi fell 0.53 percent, while Aldawaa Medical Services Co. rose 0.13 percent.