TASI up 0.49% as relief floods market: Closing bell

RIYADH: Saudi Arabia’s stock market rose on Wednesday as relief flooded the financial sector, despite the fact that attacks on Ukraine continue to rage.

The main index, TASI closed 0.49 percent higher to reach 12,944, while the parallel market, Nomu, rose 0.15 percent to 24,478.

In the energy market, Brent crude oil hovered at $118.93 per barrel, while WTI crude oil reached $112.43 per barrel, at 3:14 p.m. Saudi time.

In its second day of trading, Nahdi Medical Co. was the biggest gainer, rising 5.60 percent, while Al-Baha Investment and Development Co. was the biggest faller, sliding 4.16 percent.

Saudi Airlines Catering Co. rose 1.76 percent, after posting profits of SR14 million ($3.7 million) in 2021, up from a loss of SR335 million a year earlier.

Saudi Enaya Cooperative Insurance Co. closed the session down 0.72 percent, despite being among the gainers in early trading.

Among the financial sectors, Alinma Bank climbed 2.26 percent, while the Kingdom’s largest valued bank, Al Rajhi, edged up 1.42 percent.

Shares in Aramco ended today’s trading down 1.16 percent.