The Saudi market witnessed this morning the start of trading on the shares of Saudi Aramco, the largest oil company in the world, where the share price rose by a maximum of 10% during the first five minutes of the session to reach 35.2 SAR.
The trading on the stock during the first hour reached 16 million shares, while the purchase orders exceeded 190 million shares, accompanied by a rise in the Saudi market index by about 61 points, with transactions worth 1.1 billion riyals.
The stock does not affect the Saudi market index in the first 5 days of trading, as the indicators will not be combined until after the fifth day of trading.
After the inclusion of Aramco, the market value of the Saudi Stock Exchange becomes the ninth largest in the world, at $ 2.4 trillion.