Saudi Market Hits Record High: Pharma Leads, Oil Slips

Saudi Arabia Stock Market Hits New 52-Week High as Pharma and Telecom Stocks Surge

The Saudi Arabia stock market closed on a positive note today, with the index up by 0.71% and reaching a new 52-week high. Jamjoom Pharmaceuticals Factory Company SJSC emerged as one of the session’s top performers, surging by an impressive 9.89% to reach a price of 155.60. Another notable gainer was Etihad Atheeb Telecommunication, which climbed by 9.88% to 83.40. Salama Cooperative Insurance Co also saw an increase of 9.68% to 24.70.