Saudi stock markets opened higher in early morning trade, as oil prices fluctuated steadily.
Oil prices rose on Friday, with Brent crude exiting the week at $119.72 and US West Texas Intermediate settling at $$118.87.
The main index, TASI, opened 0.18 percent higher at 12,627, while the parallel market, Nomu, started 0.08 higher at 22,861 as of 10:07 a.m. Saudi time.
Saudi Public Transport Co. climbed 4.46 percent, leading the gainers; Saudi Printing and Packaging Co. slipped 2.05 percent, leading the market fallers.
Among the fallers on the list, Amana Cooperative Insurance Co. lost 1.17 percent and Saudi Tadawul Group Holding Co. declined 1.42 percent.
Among the gainers on the list, Tabuk Agricultural Development Co. gained 2.21 percent, and Arab National Bank edged up 2.64 percent
In the pharma sector, Aldawaa Medical Services Co. shed 0.13 percent and Nahdi Medical Co. rose 0.75 percent
In the financial sector, the Kingdom’s largest valued bank Al Rajhi gained 0.10 percent, while Alinma Bank slid 0.27 percent.
The shares of both telecom giants stc and Zain KSA started the day flat
Saudi Aramco, the largest player on the Saudi oil market, opened today’s trading up 0.75 percent.
https://www.arabnews.com/node/2096941/business-economy