Economy

TASI rises due to higher crude oil prices: Closing bell

Follow-ups -eshrag News:

Mon, 2022-08-01 16:51

RIYADH: Saudi Arabia’s main index ended higher in its first trading session in August after rebounding in July to finish the month up 5.9 percent, boosted by rising crude oil prices and solid corporate earnings.

TASI climbed 1.15 percent to reach 12,338, while the parallel market, Nomu, finished 0.52 percent higher to 21,502.

Brent crude traded at $102.04 a barrel, while West Texas Intermediate settled at $96.05, as of 3:29 p.m. Saudi time.

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