Stock Exchange .. The Saudi stock market is near its highest level in 16 years
Stock Exchange .. The Saudi stock market is near its highest level in 16 years ، the general index of the Saudi stock market succeeded in exceeding the levels of 13,700 points during the early trading of today’s session, to trade near its highest levels from April 2006, according to the “Investing.com” website.
Saudi Stock Exchange achieves gains in the stock market
The general index succeeded in exceeding the levels of 13700 during Sunday’s trading for a short period, but it ended trading below those levels amid a session marred by volatility.
Returning to Monday’s trading, the general index rose by 0.3%, or about 40 points, to reach levels near 13725 points.
Stock Exchange .. The index’s rise came amid quiet trading that did not exceed 3.5 billion riyals, after dealing with 76 million shares through executing nearly 162 thousand transactions so far.
The rises of the largest Saudi stocks in terms of relative weight and influence in the “TASI” index have boosted the market’s rise, as Al-Rajhi Bank’s shares are trading at the highest price ever.
Al-Rajhi shares increased to exceed the levels of 181 riyals, an increase of 2%, after trading at 480 million riyals, after trading 2.7 million shares through the implementation of 8.4 thousand transactions so far.
Stock Exchange.. The shares of the newcomer, the Grand Factories Company for Mining, rose 2% to the levels of 115 riyals, and the International Water and Energy Works Company ACWA Power increased by 1% to the levels of 138 riyals, with transactions of 125 million riyals.
Shares of Alinma Bank rose 1% near 42 riyals, shares of Dr. Sulaiman Al Habib Medical Services Group jumped 5%, and Al-Lujain rose to the highest price ever.
On the other hand, SABIC, Zain Saudi Arabia and the Saudi National Bank declined by less than 1%, while Aramco shares stabilized.