The Saudi Council of Ministers approved in its weekly session on Monday, July 21, the Capital Market Authority (CMA) to open the way for foreign financial institutions to buy and sell shares listed on the Saudi Stock Exchange, in accordance with the rules set by the CMA in this regard.

Since the announcement of the Cabinet's approval, and the CMA's announcement the next day, until the close of August 26, the market is witnessing a state of prosperity and successive rises. Since that time, the market has been witnessing a state of prosperity and successive rises. Since the announcement of the Cabinet's approval of the opening to foreigners, and the CMA's announcement the next day, until the closing of August 26, which is equivalent to (22 sessions), the general index rose by 12.36%, gaining 1203.05 points.

The general index rose by 12.36%, gaining 1203.05 points.

<In the 22 sessions, the index closed green in 19 of them, while it was colored red in only 3 sessions, and in that period it achieved successive jumps and historic levels at all levels, as the trading values in one of the sessions (August 25) reached 16.13 billion riyals, the highest trading values since April 2012. The index continued to rise after the Cabinet's approval for eleven consecutive sessions, the highest number since February 2012. The index reached 11,000 points for the first time since January 2008