New voter surge in early voting could sway battleground states in 2024 US presidential election    Civil Defense urges caution amid forecast of heavy rain to hit most Saudi regions until Monday    What's in it for FinTech startups in events like Biban24    Al Nassr and Al Hilal share points in intense Riyadh Derby draw    ImpaQ: Riyadh to host first Impact Makers Forum in December    Saudi Arabia ranks 12th globally in international visitor spending in 2023    SFDA chief discusses investment opportunities in food and pharmaceutical sectors with Chinese companies    Riyadh's Sports Boulevard receives Platinum ActiveScore certifications    Saudi Arabia refutes claims of rising worker fatalities, highlighting low work-related death rates    US says around 8,000 troops from North Korea are stationed in Russia's Kursk region    Spain mourns as death toll passes 150 in catastrophic floods    Seven killed in Israel in deadliest Hezbollah rocket strikes in months    Cyclists on phones face jail under Japan's new traffic laws    Hidden sugars in Asia's baby food spark concerns    Saleh Al Shehri strike seals Al Ittihad's Sea Derby win over Al Ahli    HONOR unveils pre-order of the stunning HONOR MagicBook Art 14 Featuring an ultra-slim design, HONOR Eye Comfort Display and AI Cross-OS WorkStation    Derby Week makes its debut in the Roshn Saudi League    Al Nassr eliminated from King's Cup after a defeat to Al Taawoun    Teri Garr, Young Frankenstein and Tootsie star, dies at 79    Indonesia Days event celebrates cultural diversity at Al Suwaidi Park    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Saudi stocks records its highest close in 16 years
Published in The Saudi Gazette on 16 - 02 - 2022

RIYADH — Saudi Arabia' stocks on Wednesday recorded its highest closing since July 2006. The general index recorded its highest closing for the Kingdom after the rise of Saudi stocks at the end of Wednesday's session, which is the third session in a row.
The Saudi general index rose by 144.58 points or about 1.2% at the end of Wednesday' trading, to close at 12,495 points, while the liquidity recorded its highest level in two months, reaching SR10 billion.
It is noteworthy that the market value of the local market increased by about SR10.44 trillion at the end of Wednesday's trading, compared to the end of the previous session's trading, when it amounted to about SR10.54 trillion with gains of SR96 billion.
The rise of Saudi stocks on Wednesday was supported by the rise of the banking sector, as Al-Rajhi Bank and Alinma Bank shares continued to set record closings.
Additionally, Al-Rajhi Bank and the Saudi National Bank (NCB)' shares supported the performance of the general index after they rose by 2.2 and 1.1 percent.
STC's shares were also among the supporters of the increase in the Saudi stocks on Wednesday, as its shares rose by 2.4 percent.
The liquidity of the Saudi stock session was concentrated on the shares of Al-Rajhi Bank and Alinma Bank, in addition to Sadr.
While its liquidity came through the circulation of 243.45 million shares, in addition to executed deals that exceeded 446.5 thousand deal.
SABB Bank, meanwhile, has announced that it achieved a net profit of SR3.9 billion for the previous year in 2021, compared to a net loss of SR4.17 billion for the year 2020, which has included a decrease in the value of the goodwill by SR7.42 billion, as it closed the stock with a stability at the end of trading.
Shares of 147 companies rose during Wenesday's session, led by the newcomer, Elm, as it closed at 166.4 riyals, which rose to the maximum of 30, compared to the offering price of SR128 per share.
While 47 companies' shares fell, led by the shares of East Pipes, with a decline by 2.6 percent, which is the third session of the stock since it has been listed in the market.


Clic here to read the story from its source.