RIYADH: Saudi Arabia’s main index started on a positive note on Monday’s trading session, lifted by a rebound in oil prices.
TASI edged up 0.1 percent to start at 11,951, while the parallel market Nomu declined 0.1 percent at 20,717, as of 10:06 a.m. Saudi time
Saudi oil giant Aramco climbed 0.27 percent, while Rabigh Refining and Petrochemical Co. edged down 0.38 percent.
Al Rajhi, the Kingdom’s largest valued bank, edged up 0.35 percent, while Alinma Bank advanced 0.94 percent.
The Saudi National Bank, the country’s biggest lender, fell 0.30 percent, while Saudi Arabian Mining Co., known as Ma’aden, increased 0.57 percent.
Lazurde Co. for Jewelry gained 2.21 percent to lead the gainers since Sunday’s trading, while Saudi Basic Industries Corp. fell 2.2 percent to lead the fallers.
In energy trading, Brent crude futures reached $92.34 a barrel, while US West Texas Intermediate traded at $86.08 a barrel, as of 9:53 a.m. Saudi time.