Saudi Basic Industries Corporation (SABIC) recorded its highest price on Sunday since September 2014, at SR 134.60, according to Argaam.
The stock is currently trading up just under 1 percent, with trading exceeding 500,000 shares so far.
Today’s rise has pushed the stock up a staggering 120 percent since March 2020.
The Saudi company operates in the petrochemical, fertilizer, iron, steel and aluminum industries with Saudi Aramco the largest investor, with a share of 70 percent.
