Yesterday (Monday) the main stock index (TASI) rose by 0.13%, or about 13.36 points, to end at the level of 10,489 points. The stock prices of 189 companies fell, while the stock prices of 74 companies rose and 4 companies remained unchanged.
The main stock index (TASI) opened yesterday (Monday) at 10,490 points, with a trading value of 7.2 billion riyals.
The market index opened today’s trading at 10,490 points, fell to a low level of 10,366 points during trading, and hit a high level of 10,586 points.
The rise in the index coincided with an increase in the market capitalization of listed companies by 98.11 billion riyals to 9.24 trillion riyals.
The increase in the market value of the company was contributed by Aramco’s acquisition of approximately 67.63% of the total market value of all companies included in the index, the company’s share price increased by 1.63%, and the company’s market profit reached SR101.64 billion. Despite the company’s high market share, free float does not exceed 15% of the index’s total weight, as there is a restriction that large companies cannot exceed 15% of the index’s weight.
Oil prices rose noticeably in today’s trading amid heightened military tensions in the region following continued military clashes in neighboring countries.
The development has raised investor concerns about security of supply and supply chain stability in one of the world’s most important energy corridors, sending crude oil contracts higher as demand for safe assets and markets anticipate potential disruptions to production and transportation.
Yesterday (Monday), the main stock index (TASI) rose by 0.13%, or about 13.36 points, to end at the level of 10,489 points. The stock prices of 189 companies fell, while the stock prices of 74 companies rose and 4 companies remained unchanged.
The main stock index (TASI) opened yesterday (Monday) at a level of 10,490 points, with a trading value of 7.2 billion riyals.
The market index opened today’s trading at 10,490 points, fell to a low of 10,366 points and hit a high of 10,586 points during trading.
With the rise in the index, the market capitalization of listed companies increased by 98.11 billion riyals to 9.24 trillion riyals.
The increase in market capitalization was driven by Aramco’s acquisition of approximately 67.63% of the total market capitalization of all companies listed on the index, with the company’s share increasing by 1.63% to a market capitalization of SR101.64 billion. Despite the company’s high share, free stocks do not exceed 15% of the total index weight due to restrictions on the movement of large companies whose index weight does not exceed 15%.
Oil prices rose noticeably in today’s trading amid rising military tensions in the region following continued military clashes in neighboring countries.
The development has raised investor concerns about the security of supply and stability of supply chains in one of the world’s most important energy corridors, prompting a rally in crude oil contracts as demand for safe assets and markets increases in anticipation of potential disruptions to production and transportation.
