RIYADH: The Saudi stock market closed almost flat in the final trading session of the week, as investors watched developments in the global oil market.
Brent crude was trading at $123.74 per barrel and US West Texas Intermediate reached $122.19 per barrel as of 3:12 p.m. Saudi time.
TASI, Saudi Arabia’s main index, closed 0.06 percent higher at 12,603, while the parallel market, Nomu, added 0.15 percent at 22,240.
Rabigh Refining and Petrochemical Co. continued to lead the gainers by rising 9.94 percent after shareholders approved a 91 percent capital increase to SR16.7 billion ($4 billion).
The Saudi Industrial Export Co., tumbled 9.98 percent to continue leading the fallers since early trading.
Other fallers included Anaam International Holding Group which lost 4.27 percent and AYYAN Investment Co. declined 3.75 percent.
Among the gainers, Al-Rajhi Company for Cooperative Insurance added 6.12 percent, and ACWA POWER Co. edged up 3.45 percent.
In the pharmaceutical sector, Aldawaa Medical Services Co. gained 0.40 percent and Nahdi Medical Co. increased 1.78 percent.
In the financial sector, the Kingdom’s largest valued bank Al Rajhi added 0.21 percent, while Alinma Bank edged down 0.83 percent.
Both telecom giants stc and Zain KSA declined 0.20 percent and 0.15 percent respectively.
Saudi Aramco, the largest player on the Saudi oil market, ended today’s trading down 0.49 percent.