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TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Aramco’s market value jumps to $2 trillion for the first time in two years

Aramco expands global downstream presence with key European investment. AFP
By TRENDS Desk
October 6, 2021 4:33 pm
  • The Saudi company helped fuel a rise in the Kingdom's stock market, with the Tadawul index exceeding 11,600 points for the first time in 14 years today
  • Aramco shares came at the forefront of the active shares in the market, with a 1.08 percent rise and reaching SR37.45 per share

The market value of Aramco has exceeded $2 trillion after its shares vaulted to their highest level since the start of 2020.

The oil giant has now replaced Google to become the third largest listed company in the world,

The Saudi company helped fuel a rise in the Kingdom’s stock market, with the Tadawul index exceeding 11,600 points for the first time in 14 years today.

Shares of 79 companies rose in the market, while 54 companies saw a decline.

The trading value amounted to SR419.2 million, after trading 9.82 million shares.

Aramco shares came at the forefront of the active shares in the market, with a 1.08 percent rise and reaching SR37.45 per share, followed by Al-Rajhi Bank shares, which rose by 1.25 percent and reached SR129.8 per share.

According to media reports, Aramco is seeking more than $15 billion for the share of a gas pipeline.

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