RIYADH: Saudi Arabia’s main index, TASI, rose on Monday, as oil prices increased and stocks continued to rise.
At the closing bell, TASI, climbed 0.79 percent to 12,562 points. The parallel market, Nomu, dipped by 0.38 percent to 25,014 points.
Brent crude stood at $93.95 per barrel. The US benchmark WTI was at $91.56 per barrel at 2:55 pm Saudi time.
Shares in the largest player in the Saudi oil market, Aramco, increased by 4.11 percent.
In the financial sector, the Kingdom’s largest valued bank, Al Rajhi Bank, slipped 2.14 percent, while Alinma Bank gained 3 percent.
Saudi Telecom Co., or stc, climbed 0.52 percent, while Etihad Etisalat Co., known as mobily, jumped 0.58 percent, after both companies revealed increased profits for 2021.
Despite leading the fallers in early trading, Elm Co. ended today’s session as the top gainer, up by 5.24 percent.
Profits of Saudi telecom giant stc climb 3% to $3bn in 2021