RIYADH: Saudi stocks were down during the early trading session on Thursday as investors awaited a new set of corporate results to determine the effects of inflation.
The main index, TASI, fell 0.27 percent to 13,503, while the parallel market, Nomu, opened flat at 24,299, as of 10:09 a.m. Saudi time.
Wataniya Insurance Co. jumped 9.96 percent, as it announced getting its board approval to increase its capital by 100 percent to SR400 million ($106 million).
In the financial sector, Al Rajhi Bank fell 0.71 percent, while Alinma Bank edged down 1.44 percent, after its shareholders approved SR0.40 per share as a dividend.
Further in the financial sector, Bank Albilad and Bank AlJazira edged down 1.96 percent and 0.97 percent, respectively.
Shares of Saudi pharma giant Aldawaa Medical Services Co. rose 0.12 percent, while Nahdi Medical Co. dropped 0.23 percent.
SABIC Agri-Nutrients Co. edged down 1.97 percent, following the shareholders approval of SR3 in cash dividends for the second half of 2021.
Saudi Aramco, the largest player on the Saudi oil market, opened today's trading flat.
In the energy market, Brent crude was trading at $107.37 a barrel and West Texas Intermediate was trading at $102.77 a barrel, as of 10:23 a.m. Saudi time.
