RIYADH: Saudi Arabia’s main stock index opened lower on dampened investment sentiment as earnings season gathered momentum.

As of 10:44 a.m. Saudi time,The main index — TASI — edged lower by 0.07 percent to reach 12,134, while the parallel market  Nomu was up by 0.05 percent to reach 25,227.

Fitness Time, or Leejam Sports Co., gained 2.88 percent after reporting its highest annual profit of SR206 million in 2021.

SAIC, or Saudi Advanced Industries Co., was today’s highest gainer in early trading with a gain of 3.24 percent.