RIYADH: Saudi stocks closed slightly higher on Monday, as investor sentiment was boosted by positive global cues. The Saudi main index, TASI, closed 0.63 percent higher at 13,165 points, while the parallel market, Nomu, tumbled 1.66 percent to 24,445. Other bourses in the GCC were mixed, led by Abu Dhabi, up 1.3 percent, followed by Qatar’s QSI. Stock exchanges in Dubai and Kuwait edged down 0.5 and 0.6 percent, respectively, while the Omani and Bahraini indexes were almost flat. Elsewhere in the Middle East, Egypt’s EGX30 slipped slightly after a recent rally. Oil prices went up on Tuesday with Brent crude oil reaching $109.02 a barrel and US benchmark WTI crude oil trading at $104.72 as of 9:10 a.m. Saudi time. Stock news Saudi Chemical Company completed the acquisition of Eli Lilly’s drug Cialis in Saudi Arabia Saudi Thimar Development Holding Co. announced it will not be able to unveil its 2021 annual financial results Saudi Electricity Co. has redeemed the second tranche of its international Islamic sukuk, valued at $1.25 billion and was listed on the London Stock Exchange Wafrah for Industry and Development Co. got the Capital Market Authority’s approval to increase capital by a rights issue standing at SR154 million ($41 million) CHUBB Arabia Cooperative Insurance Co.’s board recommended not to distribute cash dividends for 2021 to support future growth Alinma Tokio Marine Co. has renewed an insurance contract worth SR30 million with Abdul Latif Jameel Co. Naseej International Trading Co. has appointed Wasatah Capital to manage its planned capital reduction Saudi Pharmaceutical Industries & Medical Appliances Corp. has appointed Mohammad Talal Al-Nahhas as board chairman and Ammar Abdelwahed Al-Khudairy as vice chairman of the board