The Saudi stock market exceeds its highest level in more than 16 years
The Saudi stock market, “Tadawul”, recorded a strong start in the trading session today, Sunday, to continue confirming that it has exceeded its highest level in more than 16 years, according to the “Investing.com” website.
The general index of the Saudi market rose during these moments of trading today, Sunday, to levels near 13,415 points, gaining more than 100 points, which is equivalent to 0.75%.
The rise in the index coincided with a significant increase in trading rates, which exceeded, after less than an hour and a half, approximately 4.6 billion riyals, after dealing on about 87 million shares through the implementation of 206,000 transactions.
The shares of the Saudi market turned green during trading today, Sunday, as the prices of about 115 securities rose, while the declines came from the share of about 80 securities and the prices of about 15 securities remained stable.
The shares of ACWA Power International Water and Energy Works Company topped the trading market rises by more than 7%, reaching levels near 152 riyals, with transactions amounting to about 570 million riyals after dealing with 3.8 million shares.
The shares of the Grand Factories Company for Mining, the newcomer, rose in the range of 5%, with transactions amounting to about 560 million riyals, after dealing on 3.4 million shares, and AMAC rose to levels near 110 Saudi riyals.
The leading shares rose, Al-Rajhi Bank, Saudi Telecom Company, Saudi Basic Industries Corporation, Saudi National Bank and Saudi Arabian Oil Company, rates ranging between 0.3% and 1.2%.