By Maged Al-Shabib
Riyadh-Mubasher: Saudi Arabia's stock market continued its upward trend for the fourth straight session, rising as much as 1.98% to 5,996 points, its highest in two weeks.
The bourse was boosted by a rise in oil prices at the end of last week on forecasts that Opec members and non-members would agree to reduce output ceiling by 5%.
The index closed above the 20-day average for the first time since the beginning of 2016.
Turnover increased to SAR 6.4 billion, compared with SAR 6.1 billion on Thursday.
All sectors advanced, except for agriculture and energy which fell 1.3% and 0.83%, respectively. Media was the top advancer, soaring 9.5%.
Round up equities, 144 moved higher, spearheaded by Alinma Tokio Marine which rocketed 9.99% to SAR 17.95. Meanwhile, 20 stocks moved lower, led by Yansab which dropped 7.11% to SAR 30.70.
Translated by Abdul Maguid Aboshahla
