SABIC stock hits 7-year high – Arab News

Saudi Basic Industries Corporation (SABIC) recorded its highest price on Sunday since September 2014, at SR 134.60, according to Argaam. 

The stock is currently trading up just under 1 percent, with trading exceeding 500,000 shares so far. 

Today’s rise has pushed the stock up a staggering 120 percent since March 2020. 

The Saudi company operates in the petrochemical, fertilizer, iron, steel and aluminum industries with Saudi Aramco the largest investor, with a share of 70 percent. 

<!– (function(P,o,s,t,Q,r,e){P[‘RecsWidgetObject’]=Q;P[Q]=P[Q]||function(){ (P[Q].q=P[Q].q||[]).push(arguments)},P[Q].l=1*new Date();r=o.createElement(s), e=o.getElementsByTagName(s)[0];r.async=1;r.src=t;e.parentNode.insertBefore(r,e) })( window,document,’script’,’//’,’__posWidget’); __posWidget(‘createWidget’,{wwei:’POSTQUARE_WIDGET_122392′,pubid: 165709,webid:171082,wid:122392,on:’postquare’});


Spread the love

Leave a Reply

Your email address will not be published. Required fields are marked *