Saudi stocks end the week by breaching the 10,800-point barrier

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Saudi stocks end the week by breaching the 10,800-point barrier


Friday – 1 Dhu al-Qi’dah 1442 AH – 11 June 2021 AD Issue No. [
15536]

Riyadh: «Middle East»

The Saudi stock market (the largest stock exchange in the Middle East) succeeded yesterday, breaching the 10,800 points barrier for the first time since 2014, in the context of a continuous upward movement since the beginning of this year, coinciding with optimistic macroeconomic factors, especially with regard to news of escalating oil prices and the volume of oil prices. global demand.
The stock market continued to gain more points until yesterday it was able to surpass the moral barrier, 10800 points, specifically at its highest level in the middle of trading by touching 10841 points, before it started to move downwards until it recorded a gain of 6 points at the close.
The main Saudi stock index closed at 10796 points, up 0.1 percent, with transactions worth 14 billion riyals ($ 3.7 billion), while the number of traded shares reached more than 385 million shares, shared by more than 500 thousand deals, in which the shares of 65 companies recorded an increase in Its value, while the shares of 121 companies closed down.
The rise in yesterday’s trading was led by the banking sector, where the share of “Al-Rajhi Bank” rose by one percent to 105.60 riyals ($28.1), as the share has the second most weight in the general index.


Saudi

Saudi economy







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