SABIC Shares at Highest Level, in 7-Year, amid Extensive Trading

During the last session, the Saudi Basic Industries Corporation (SABIC share)’s price rose to SR136.2, the highest in seven years, specifically since September 21, 2014, when it approached SR136.5.

The increase in price levels was accompanied by an increase in trading volumes and values, with trading volumes reaching 1.54 million shares, even before the session ended, compared to 1.58 million shares in the previous full session, with trading values reaching SR210.35 million, up from SR213.80 million.

The profits achieved by SABIC in the Q2-2021, amounted to SR7.64 billion, are the biggest in the last ten years, specifically since the company’s profits of SR8.19 billion in the Q3-2011.
SABIC’s profits in the Q2 were at their highest level since the Q2-2011,. Maaal reported.

While Aramco is to announce its Q3 financial results on Sunday, October 31, SABIC normally announce its results before that, it is believed that SABIC will announce its profits this week.