Closing Bell: Saudi main market climbs 1.25% as Aramco shares rise

Saudi Aramco recorded its sharpest increase in two years. Shutterstock
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RIYADH: ºÚÁÏÉçÇøâ€™s Tadawul All Share Index ended higher on Wednesday, increasing 131.66 points, or 1.25 percent, to close at 10,650.39. 

Total trading turnover reached SR4.64 billion ($1.23 billion). A total of 205 stocks advanced, while 43 declined.

The MSCI Tadawul 30 Index gained 14.30 points, or 1.04 percent, to finish at 1,383.42

The Kingdom’s parallel market, Nomu, however gained 100.63 points, or 0.4 percent, to settle at 25,123.21, with 41 gainers against 44 fallers.

Shares of Saudi Aramco recorded their sharpest increase in two years, rising by 3.21 percent to close at SR24.10 and lifting the Tadawul All Share Index above the 10,600-point mark.

Among the top performers, National Gypsum Co. surged 9.97 percent to SR20.29, while National Metal Manufacturing and Casting Co. climbed 8.86 percent to SR17.7. 

Arabian Internet and Communications Services Co. rose 5.44 percent to SR248.20, Derayah Financial Co. gained 4.66 percent to SR26.48, and BinDawood Holding Co. advanced 4.49 percent to SR5.59.

Among those to see decreases, Saudi Cable Co. dropped 2.47 percent to SR138.20, while Leejam Sports Co. fell 1.29 percent to SR138.20.