The Tadawul All-Share Index (TASI) climbed 0.71% higher at 7,029.35 points. Stabilizing oil prices, trading above $91.50 per barrel Monday, helped the Riyadh-based exchange to rebound.
Market bellwether Saudi Basic Industries Corp (SABIC:AB) advanced by half a percentage point to reach SR94.25 ($25.13). On Sunday, SABIC Vice-Chairman and CEO Mohamed Al-Mady has called for more productive engagement between US companies and the Saudi private sector to further strengthen business relations in hopes of helping accelerate their respective global growth agendas.
Allied Cooperative Insurance Group (ACIG:AB) lost the most (off 3.35% at SR34.60 or $9.23).
118 shares advanced, and 20 declined. Trading turnover remained low, as 375 million shares were traded, valued at SR6.8 billion ($1.81 billion).
