Petrochemicals boost the rise of Saudi stocks

Petrochemicals boost the rise of Saudi stocks
Petrochemicals boost the rise of Saudi stocks
Yesterday, the main Saudi stock market continued the rise of the general index since the beginning of the year, achieving historical point levels, previously achieved in 2008, where the market closed its trading at a height of 82.10 points to close at 11,624.98 points, with transactions worth 6.8 billion riyals (1.8 billion riyals). Billion dollar).
Yesterday, the volume of shares traded in the Saudi stock market amounted to 172 million shares, shared by more than 340,000 deals, in which the shares of 167 companies recorded an increase in their value, amid the rise in all sectors except energy.
Rising oil prices in global markets are stimulating the petrochemical sector, as it will support the financial results for the second half of this year, at a time when the share of “SABIC”, which has an influential weight in the general index, rose yesterday to 3 percent at 132.20 riyals, and the “SABIC” share rose Yansab» 4 percent, recording its highest close since 2006, and shares of the “advanced” company rose 3 percent.
On the other hand, the Saudi parallel stock index (Nomu) closed yesterday, up 312.85 points, to close at 23425.6 points, with transactions worth 36 million riyals, while the volume of traded shares amounted to more than 420 thousand shares, shared by 2433 deals.

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