Trading in the Kingdom of Saudi Arabia closed today, Sunday, with the general index of the Saudi stock market "TASI" surpassing 8817 points, rising by 0.91% and gaining 79.85 points, marking the highest level in nearly 6 months.
Mohammed Al-Omran, head of the Gulf Center for Financial Consultations, revealed that the atmosphere of optimism in global financial markets is driven by two factors: the decline in interest rates and a high level of liquidity resulting from stimulus packages. Al-Omran confirmed that the Saudi stock market benefits from the same supporting factors, expecting that the market will continue its upward trend in the upcoming phase. The number of shares traded exceeded 280 million shares, exchanged in more than 343 thousand transactions, with shares of 181 companies registering an increase in value, while shares of 14 companies closed lower.
Aramco’s stock stabilized at 35 Riyals, with a slight increase of 0.29% and daily trading exceeding 128 million Riyals. The total trading in the market reached approximately 279 million shares, with a trading value of about 8.9 billion Riyals.
