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MEDIA IN\ AGENCIES
08-12-2018
Saudi Arabian Mining Co. (Ma’aden) helped the Saudi stock index rise in early trading on Sunday as Dubai’s stock market stabilized after falling to its lowest level in more than five years last week.
Ma’aden gained 2.6 percent after the company said on Oct. 6 that it had started commercial production of flat rolled aluminum products. Maaden owns 74.9 percent of Ma’aden, while Alcoa owns 25.1 percent.
Al Rajhi Bank was up 0.1 percent, while Jabal Omar Development was up 0.6 percent.
The Saudi index rose 0.3 percent in the first hour of trading.
