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Saudi Stock Market Up Close to 8,900 Level

The Saudi market index ended a session on Tuesday, up 1% at 8893 points (+ 84 points), with active transactions of a total value of about 13.4 billion riyals, the highest in a month and a half.

Thus, it continues its rise for the fourth consecutive session, recording gains of about 350 points, or 4.1%.

Al-Rajhi Bank – the largest weight in the Saudi market – rose 3% at 79 riyals, registering the highest close since 2006, and Saudi Aramco closed at 34.50 riyals (+ 1%).

“Anaam Holding” rose to a maximum of 102 riyals, and the company had announced the board of directors ’recommendation to increase the capital by offering priority rights shares.

“Sea of ​​Arabia” and “MIS” shares recorded the highest close since listing on the market at 116 riyals (+ 6%) for the first and 123 riyals (+ 1%) for the second.

On the other hand, the “Qassim Cement” share declined by 3% at 85.30 riyals, and the “ACIG” share led the declines today by more than 8% at 49.70 riyals, amid active trading on the stock amounting to about 5.1 million shares.