The Saudi stock market recorded, during today's session, a rise to its highest level since December 2007, since the global financial crisis.
According to Arabiya Net, the general index of the market TASI rose by 0.75%, equivalent to 84.04 points, to reach the level of 11282.01 points, as investors interacted positively with the Saudi budget figures in The second quarter, which was announced after yesterday's session.
Tassi has gained 2,592.3 points since the beginning of the year until today's session, equivalent to a growth rate of 29.83%.
The value of trading at mid-session reached about 4.42 billion riyals, through trading about 113.33 million shares. The market value of the shares amounted to about 9.79 trillion riyals.
The rise of TASI was supported by the rise in the leading banking sector index by 1.34%, in conjunction with the banks' shares leading the trading values and volumes, after Al-Ahly's stock topped the most active shares in the trading value. By about 301.91 million riyals through trading 5.14 million shares.
Bank Al-Jazira came in second place in terms of trading volumes with about 5.13 million shares, with a trading value of 98.11 million riyals. Al-Rajhi's share was also among the five most active, with a value of 190 million riyals, through trading of 1.615 million shares.
Q2 performance
Saudi Arabia’s budget data for the second quarter of 2021, according to a statement by the Ministry of Finance, which Al Arabiya.net received a copy of today, showed that the Kingdom’s quarterly revenues amounted to 248 billion riyals, compared to expenditures of 252.7 billion riyals, bringing the budget deficit quarterly to 4.6 billion riyals.
The Saudi budget figures revealed that non-oil revenues grew 31% to 116 billion riyals in the second quarter.
Oil revenues also grew in the second quarter of 2021, by 13% to reach 132 billion riyals. The deficit level amounted to 12 billion riyals for the first half of 2021, while revenues in the second quarter recorded a growth of 85% on an annual basis.
Saudi budget figures showed an increase in the kingdom's spending on health by 20% in the first half of 2021.
The total value of financing in the second quarter amounted to 21.5 billion riyals, while the volume of financing in the first half amounted to 51 billion riyals.
