Saudi Stock Exchange earned SAR 216.8 billion during the second quarter, representing about 94.1% of the total profitability of companies in the main market.

The profits of total companies amounted to 230.4 billion riyals during the period, compared to about 135.8 billion riyals in the same period last year, an increase of 94.6 billion riyals (an increase of 70%).

The growth came mainly as a result of higher profits in the energy sector thanks to Saudi Aramco, as well as the banking sector, which recorded record profits, as well as the growth of profits in the basic materials sector supported by petrochemical companies.

The report includes the profits of companies announced until August 25, excluding real estate exchange-traded funds, as well as insurance sector profits before zakat.
The world's largest oil company, Saudi Aramco, achieved the highest quarterly profits in the history of global financial markets, supported by higher crude oil and volumes sold and improved refining margins, achieving profits of 181.6 billion riyals, up 90.3% year-on-year.

The report includes the profits of companies announced as of August 25, excluding ETFs, as well as the banking sector, which recorded a record profit, in addition to the growth of profits in the basic materials sector, supported by petrochemical companies.