RIYADH: Saudi Arabia’s stock market rose slightly on Wednesday, despite recent uncertainty remaining among investors.
The main index, TASI, added 0.36 percent at 12,064, while the parallel market, Nomu, fell 0.98 percent at 21,294, as of 10:10 a.m. Saudi time
Aljazira Takaful Taawuni Co. topped the gainers’ list with a 4.57 percent increase, while Arab Sea Information System Co. topped the fallers’ list with a 9.95 percent decline.
Arabian Centres Co. rose 2.29 percent, after signing agreements with Riyad Capital Co. to establish two closed funds valued at approximately SR6.2 billion ($1.65 billion) to develop projects in Riyadh and Jeddah.
Saudi Automotive Services Co. dropped 0.29 percent, after shareholders approved the distribution of SR0.25 per share in dividends for 2021
Shares of Saudi Aramco, the largest player on the Saudi oil market, started the day up 0.13 percent.
In the financial sector, the Kingdom’s largest valued bank Al Rajhi added 0.11 percent, while Alinma Bank gained 0.56 percent.
In the pharma sector, Aldawaa Medical Services Co. declined 0.27 percent, while Nahdi Medical Co. rose 0.39 percent.
Telecom giants stc and Zain KSA were down 0.20 percent and 0.99 percent, respectively.
In energy trading, Brent crude reached $121.26 a barrel and US West Texas Intermediate traded at $118.97 a barrel as of 10:16 a.m. Saudi time.