Saudi stock market continues upward momentum

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Tue, 2021-09-28 23:53

RIYADH: The Saudi stock market ended Tuesday’s session in the green zone for the third consecutive session, amid broad gains for Saudi Aramco shares, which coincided with oil prices recording their highest levels since October 2018.

The Tadawul All Share Index rose 0.12 percent to close at 11,382 points.

Liquidity in the main market amounted to about SR8.9 billion.

The Saudi Aramco stocks also managed to record a 33 percent rise in its market price since March 2020, while the shares recorded gains of more than 3 percent since the beginning of this year.

SABIC’s share also continued its gains for the third consecutive session.

On the other hand, STC shares fell 1.6 percent for the fifth consecutive session.

The parallel market index Nomu ended Tuesday’s session with a slight decrease of 5.25 points, or 0.02 percent, compared to the previous session, and closed at 23918.12 points. The liquidity amounted to about SR88.1 million.

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