RIYADH: Saudi Arabia’s main index opened modestly higher, following TASI’s solid performance in the first quarter of 2022 leading investors to be optimistic about the outlook for the next three months. TASI stood at 13,090 points by the end of quarter one, gaining 32 percent from a year earlier. As of Tuesday 10:06 a.m. Saudi time, TASI began the day up 0.18 percent at 13,188, while the parallel market Nomu began flat at 24,441. Oil prices rose early Tuesday morning as Brent crude oil reached $108.95 per barrel, and US benchmark WTI crude oil reached $104.17 per barrel, at 10:13 a.m. Saudi time. Wafrah for Industry and Development Co. led the gainers with a 8.82 percent gain, following approval by the Capital Markets Authority to raise capital through a rights issue at SR154 million ($41 million). The stock of National Medical Care Co. recorded a 2.88 percent fall, leading the list of decliners. Saudi Electricity Co. edged down 0.19 percent, after redeeming its $1.25 billion international Islamic sukuk. Saudi Aramco, the largest player on the Saudi oil market, opened today’s trading session 0.12 percent lower. The shares of Saudi pharma giants Aldawaa Medical Services Co. and Nahdi Medical Co. rose 0.52 percent and 0.50 percent, respectively. Among the financial sectors, Alinma Bank edged up 0.13 percent, while Al Rajhi Bank rose 0.37 percent.