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Saudi mining and energy shares lead gains
The Saudi Stock Market Index ("TASI") rose by 0.26% to close at 10,845.58 points, supported by gains in the insurance, mining, and energy sectors. Among the leading stocks, the share of Saudi Arabian Mining Company (Ma'aden) increased by 5.36%, closing at 64.9 Riyals, with a trading value of 319.03 million Riyals. This rise coincided with the increase in global commodity and mineral prices. Shares of Rabigh Refining and Petrochemicals also saw increased trading volume and value. Additionally, shares of companies such as Electricity Holding, Arab Drilling, Aman Insurance, and Kingdom Holding experienced gains, driven by improved profitability expectations and stable raw material prices. Overall, these developments reflect a positive performance in the financial and industrial sectors of the market.
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