RIYADH: Saudi Arabia’s benchmark index ended almost flat on Monday as oil price uncertainty continued to cloud investor minds.
TASI finished at 12,560, while the parallel Nomu added 0.26 percent higher to finish at 21,724.
In the energy market, Brent crude traded at $96.33 a barrel, while US West Texas Intermediate traded at $90.35 a barrel, as of 3:24 p.m. Saudi time.
Oil giant Saudi Aramco ended the session with a 1.15 percent decline, while Al Rajhi, the Kingdom’s largest valued bank, ended 0.88 percent higher.
The Saudi National Bank, the country’s biggest lender, shed 0.28 percent, while Alinma Bank dropped 0.13 percent.
Allianz Saudi Fransi Cooperative Insurance Co. rose 1.93 percent, after its first-half net profit rose 13 percent to SR10 million ($3 million).
Alamar Foods Co. added 0.99 percent, after declaring SR1.69 per share dividends for the first half of 2022.
Arabian Pipes Co. fell 0.13 percent, following a 46 percent increase in losses for the half year to SR17.5 million.
State-owned Saudi Electricity Co. declined 1.51 percent, after its profit plummeted by 7 percent to SR7 billion in the first half of 2022.
Sumou Real Estate Co. declined 0.38 percent, following the signing of an agreement to build residential units for SR540 million.
Saudi Fisheries Co. slumped 3.35 percent, after its losses widened by 21 percent to SR24 million during the first half of 2022.
Saudia Dairy and Foodstuff Co. surged 9.99 percent, continuing to lead the gainers since yesterday, following a 48 percent growth in profit in the second quarter of 2022.
