https://arab.news/vpd4s
RIYADH: Saudi stocks start the week higher after oil prices begin to ease as the impact of sanctions on Russia appears baked in.
At Sunday's opening session, TASI climbed 0.50 percent to 12,747, while Nomu dropped 0.10 percent to 24,763.
Across the energy sector, Brent crude was trading at $112.67 per barrel, and WTI at $109.33 a barrel as of 10:15 a.m. Saudi time.
Al-Jouf Agricultural Development Co. rose 5.19 percent to lead gainers, while Malath Cooperative Insurance Co. fell 3.12 percent to lead fallers.
Elm Co. edged up 0.30 percent, as it recorded an increase in profit of 85 percent in 2021 in its first post-listing earnings disclosure.
The shares of Saudi Aramco, the largest player on the Saudi oil market, edged up 1.22 percent.
Within the financial sector, Al Rajhi Bank gained 1.17 percent, while Alinma Bank edged up 0.44 percent.
Nama Chemicals Co. gained 1.40 percent, as it turned in a profit of SR27 million ($7.2 million) in 2021.
Arabian International Healthcare Holding Co., or Tibbiyah, rose 4.42 percent, despite recording a 14 percent decline in net profit in 2021.