Business · Markets · 16 hrs ago

Saudi stocks rise 0.2% as Aramco supports the index

Saudi stocks rise 0.2% as Aramco supports the index

Saudi Arabia’s main stock index rose 0.2% on Thursday, closing at 10,326 points.

It was the index’s fourth straight session of gains, its longest winning run in 11 weeks.

Aramco shares climbed 1.5%, helping keep the index in positive territory.

But 152 companies fell and 93 rose, showing that most stocks did not share in the gain.

Trading value dropped 14% to 4.1 billion riyals, while the index faced resistance around 10,300 to 10,350 points.

This matters because the rally is relying more on a few large companies as trading activity and participation weaken.

The next test is whether the market can regain momentum and broaden the rise.

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