RIYADH: Saudi Arabia’s main index TASI opened flat for a second day in a row as oil prices fell from a record high.
As of Tuesday 10:07 a.m. Saudi time, TASI was unchanged at 13,063, while the parallel market, Nomu, was up 61 percent at 25,289.
Oil prices were slightly down on Tuesday morning, with Brent crude trading at $112 per barrel, and WTI crude nearing $105, as of 10:18 a.m. Saudi time.
Zahrat Al Waha for Trading Co. led the gainers, rising 3.72 percent, while Nahdi Medical Co. trailed the fallers, dropping 1.26 percent.
Among the banks, Alinma Bank rose 0.26 percent, while the Kingdom’s largest valued bank Al Rajhi rose 0.63 percent.
The shares of East Pipes Integrated Co. for Industry increased 1.82 percent, as it closed a SR497 million ($132 million) deal with SWCC.
The Northern Region Cement Co. edged up 3.62 percent, despite reporting a 1.43 percent decline in profit for 2021.
Saudi oil giant Aramco's shares fell 0.36 percent in its early trading session.
