“Saudi Stocks” recorded the highest gains in 20 months, earning 415...

“Saudi Stocks” recorded the highest gains in 20 months, earning 415...
“Saudi Stocks” recorded the highest gains in 20 months, earning 415...

The Gulf stock exchanges rose, during the sessions of the ending week, the second week in 2022, and the general index of the Saudi stock market topped the list, by 5.66%, to record the highest gains in about 20 months, and the Kuwait Stock Exchange indices also rose.

Saudi Stock Exchange

The general index of the Saudi stock market rose, during the sessions of the last week, by 5.66%, winning 648.5 points, to close at 12,079.01 points, to record the highest gains in about 20 months. And the profit of the market capitalization 415 billion riyals to close at 10.394 trillion Saudi riyals.

Topped the rising shares on the Saudi Stock Exchange, “Knowledge City” by 17.67%, then “SABB” by 13.66%, then “Al-Bilad” share by 13.22%, and the declining shares topped the list, led by “Amanah Insurance” by 9.1%, then “Al-Sager” share. Insurance” by 6.89%, then “Enaya” share by 4.26%, while “Al-Rajhi” share topped the most active list by value and amounted to 2.9 billion Saudi riyals.

Muscat Stock Exchange

During the last week’s sessions, the general index of the Muscat market rose by 1.88%, winning 78.69 points, to close at 4266.93 points. The trading volume reached 103.4 million shares, with a value of 23.9 million riyals, and the market capitalization gained 242.8 million riyals to reach the level of 22.437 billion riyals.

The rising shares were led by “SMN Power” by 32.56%, followed by “Building Materials Industry” by 13.51%, followed by “International Financial Investments” by 9.68%, while the decliners were led by “Vision Insurance” by 8.7%, followed by the share of “Vision Insurance” by 8.7%. “Raysut Cement” by 8.44%, followed by “Al-Madina Investment” by 6.25%.

Kuwait Stock Exchange

The Kuwait Stock Exchange also rose, during the trading week that ended, as the general market index rose by 4.12%, winning 292.24 points, to close at the level of 7,389.50 points, and the first market index rose by 4.6%, winning 354.45 points, to close at the level of 8058.12 points, and the main market index jumped by 2.65 %, gaining 156.71 points, to close at 6074.49 points, and the main index 50 increased by 3.45%, gaining 212.83 points, to close at 6384.06 points.

The trading volume during the week’s trading reached about 1.9 billion shares, with a value of 401.1 million Kuwaiti dinars, through executing 68.8 thousand deals.

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