Saudi Zamil Industrial appoints new CEO

RIYADH: Saudi stocks ended higher on Sunday as investors expect the trend to remain positive going forward.

The main index, TASI, closed 0.63% higher at 13,820, while the parallel market, Nomu, fell 1.51% to 23,547.

Crude oil prices closed higher on Friday, with Brent crude hitting $112.39 a barrel and WTI crude hitting $109.77 a barrel.

Saudi Enaya Cooperative Insurance Co. rose 9.91% to lead the gainers since opening, and Saudi Cable Co. continued to lead the fallers, down 6.79%.

Saudi Aramco, the largest player in the Saudi oil market, closed today’s trading session up 2.12%.

Shares of Saudi pharmaceutical giants Aldawaa Medical Services Co. and Nahdi Medical Co. fell 0.85% and 1.20% respectively.

In the banking sector, Alinma Bank climbed 0.24% and the Kingdom’s largest valued bank, Al Rajhi, edged up 1.81%.

Further down the financial sector, Saudi National Bank edged up 2.53%, while Bank Aljazira edged down 0.47%.

Zamil Industrial Investment Co. fell slightly by 0.34%, following the resignation of its CEO Abdulla Al-Zamil and the appointment of Mohammed Al-Sahib.