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RIYADH: Saudi stocks closed slightly higher on Thursday, with gains registered by several major companies, like Buruj Cooperative Insurance Co. and Al Alamiya.
As of the closing bell, the Saudi main index, TASI, closed 0.44 percent higher at 13,326, while the parallel market, Nomu rose 0.64 percent to reach 24,279.
Shares in Buruj Cooperative Insurance Co. rallied 9.52 percent to lead the gainers.
ACWA POWER led the fallers since the opening, falling 9.95 percent.
Among the gainers, Al Alamiya rose 6.32 percent, while Saudi Investment Bank gained 4.28 percent.
Aramco, the largest player in the Saudi oil market, closed today’s trading session 0.35 percent lower.
In the banking sector, Alinma Bank climbed 0.48 percent, while Saudi Arabia’s largest valued bank, Al Rajhi, edged up 1.23 percent.
As for Saudi pharma operators, Nahdi Medical Co. fell 2.79 percent, while Aldawaa Medical Services Co. was down 1.40 percent at the closing bell.
In the food and beverages sector, Almarai Co. fell 0.57 percent.
Brent crude is priced at $103.10 a barrel, and US benchmark West Texas Intermediate is at $98.44 a barrel, as of 3:30 p.m. Saudi time.
Saudi stocks flat as market uncertainty reigns: Closing bellTASI gives up gains on higher oil prices: Closing bell
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