The stock market index rose after falling for three consecutive sessions, ending trading with a gain of 1.6 % at 6602 points equivalent to 105 points, amid active trading worth about 7.4 billion riyals, the highest in 7 months.

The market's rise today comes in conjunction with the rise in oil prices yesterday by about 4 % following statements about the possibility of reaching an agreement on production cuts, and continued to rise by about 2 % today to approach the level of 50 dollars per barrel.

Many leading stocks in the banking and petrochemical sectors achieved mixed gains, while many companies with accumulated losses achieved declines after the Capital Market Authority announced that it will start applying its procedures to companies that lose 20 % of capital instead of 50% starting from April 22.

Many leading stocks in the banking and petrochemical sectors achieved mixed gains while many companies with accumulated losses achieved declines after the Capital Market Authority announced that it will start applying its procedures to companies that lose 20 % of capital instead of 50% starting from April 22 next.

The stock market index rose after falling for three consecutive sessions, ending trading with a gain of 1.6 % at 6602 points equivalent to 105 points, amid active trading worth about 7.4 billion riyals, the highest in 7 months.

The market's rise today comes in conjunction with the rise in oil prices yesterday by about 4 % following statements about the possibility of reaching an agreement on production cuts, and continued to rise by about 2 % today to approach the level of 50 dollars per barrel.

Many leading stocks in the banking and petrochemical sectors achieved mixed gains, while many companies with accumulated losses achieved declines after the Capital Market Authority announced that it will start applying its procedures to companies that lose 20 % of capital instead of 50% starting from April 22.