Saudi stocks edge up, buoyed by strong oil prices: Opening bell

Saudi stocks edge up, buoyed by strong oil prices: Opening bell

RIYADH: The Saudi stock exchange’s main index TASI saw fractional gains in early trading, supported by strong oil performance but hindered by . As of 10:20 a.m. Saudi time, TASI reached 11,367 points, and the parallel Nomu market lost 2.08 percent to 25,243 points. Shares of and went up to SR143 ($38.1) and SR25.2, respectively. ., or KHC, led the gainers, up 6 percent to SR10.6. This came as the company in Four Seasons hotels where it collected SR8.29 billion. Shares of ., known as SADAFCO, hit SR166 as its board proposed dividends at SR3 per share for the first half of the fiscal year. The bourse saw minor losses in morning trading, with the biggest decliner, Tabuk Cement Co., down just 1.3 percent to SR17. With near SR49 million worth of shares traded, witnessed trivial losses as its share price fell to SR83.