RIYADH: Saudi Arabia’s Tadawul All Share Index showed signs of resilience on March 2, buoyed by gains in Saudi Aramco, even as the Middle East region continues to grapple with escalating tensions.
As of 11:50 a.m., Saudi time, the Kingdom’s benchmark index maintained stability, seeing only a marginal decline of 0.74 percent to 10,398.64.
Aramco’s share price increased by 1.16 percent to SR26.10 ($6.95), compared to the previous close of SR25.80.
The gains posted by Saudi Aramco and the stable movement of the Kingdom's benchmark index came even as most Gulf markets declined after Israel and the US launched strikes on Iran, triggering retaliatory attacks and raising fears of a broader regional conflict.
On March 1, the UAE’s Capital Market Authority announced a two-day closure of the Dubai Financial Market and Abu Dhabi Securities Exchange, effective March 2 and March 3, citing escalating regional tensions and its regulatory mandate to maintain market stability.
