Riyadh – Oil giant Saudi Arabian Oil Company’s (Saudi Aramco) market capitalisation grew to SAR 7.38 trillion ($1.97 trillion) by the end of the week, leading the broader Saudi Stock Exchange’s (Tadawul) capitalisation to expand by 339% week-on-week.
Tadawul’s capitalisation ended the week at SAR 9.23 trillion ($2.46 trillion), compared with SAR 1.85 trillion ($493.26 billion) in the preceding week.
Aramco’s shares, which started trading last Wednesday, led the energy sector’s gains, rising by 3.28% by the end of the week.
Tadawul All-Share Index (TASI) rose by 1.27% week-on-week or 100.26 points, to 8,005.8 points, by the end of this week.
In addition, traded volumes grew by 152.5% to 1.12 billion shares, compared with 442.7 million shares last week.
Sectorwise, gains were recorded by 17 sectors, whereas there were four sectors in red, led by telecoms and software and services stocks.
On a side note, Aramco’s shares settled on Thursday at SAR 36.80, rising by SAR 1.60.
Aramco’s turnover reached SAR 15.86 billion, with 418 million traded shares.