On Jan 2, It was reported that Saudi Arabian shares began 2022 on a positive note, despite the surge in the cases of Omicron coronavirus variant. On Monday, 1,024 new coronavirus infections were registered and one death was reported in the largest Gulf state, with a 30 million population. Saudi Arabia’s benchmark index (.TASI) increased by 0.5%, with Al-Rajhi Bank (1120.SE) and Alinma Bank (1150.SE) gaining 1% and 3.5% respectively.
Saudi shares on a rise amidst Covid-19 surge
