Mining and energy stocks lead Saudi market
The Saudi stock market closed higher by 0.26%, with gains in the mining, energy, and basic materials sectors. The share of Care Saudi Cooperative Insurance led the rise with a 9.94% increase, while Saudi Arabian Mining Company (Ma’aden) saw a strong gain of 5.36%. Shares of Rabigh Refining and Petrochemical, Advanced Petrochemical, Electricity Facilities, Arab Drilling, and Amanat Insurance rose by more than 4%, approaching 5%. The positive performance was linked to the rebound in global commodity and metal prices, supported by high liquidity exceeding hundreds of millions of riyals in some stocks.
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